Catherine Austin Fitts said Trump does what bankers tell him to do. She talks about the US black budget, the missing $21 trillion, the breakaway civilization and what Musk's DOGE is really doing to try to finish implementing the control grid. https://youtu.be/KdBN5lBPHfI
I fucking hate this guy and the powers behind the throne (because he obviously doesn’t have the 1/100 of the mental capacity to come up with all this shit on his own) so much. Resist, expose, keep our chins up.
No, they won't benefit either. They think they will - since this is supposed to clear headroom for a tax cut for billionaires. But this will destroy their businesses, so ultimately they'll suffer too.
True, but I question whether these ultra rich people, in their greed to elect him for his tax cuts, EVER considered that shitting on the bottom 99.9% would ultimately end up screwing them. Doubt it.
Ok. So someone please explain to me like I’m 15. Trump said this policy will add TRILLIONS to our economy. If there’s someone here who believes this, can you explain it to me please?
Thank you I get all that. So how will this add trillions to our economy? I mean, are people not asking this question? Man. It it just maddening that he can stay shit like this and people believe it.
American companies (importers) pay tariffs, and the money goes to the U.S. Treasury. Those companies typically pass their higher costs on to their customers in the form of higher prices. That slows down the economy -high prices, low consumer purchases, layoffs, etc.
Tariffs brought in revenue
In the early years of the USA before our current tax system. In the fiscal year that ended Sept. 30, the government collected around $80 billion in tariffs & fees, a trifle next to the $2.5 trillion that comes from individual income taxes & the $1.7 trillion from Social Security & Medicare taxes.
Thank you! So the US Treasury will get nice and fat and then what? Off-set the tax cuts for the rich? Meanwhile, our retirement portfolios decline. Prices go up. Life gets tougher for the working man. I feel like we’re on a precipice.
The Treasury will not make enough money to help America. It’s a scam Trump is trying to sell. The rich will still get tax cuts regardless and our country and its services will be dismantled. Prices will go up, employment down, and we’ll be a depression with a fascist regime.
We need to stop it!
Tariff rises on existing import prices to the US. Wait for when international exporters raise the initial baseline price on high demand goods AND THEN the new tariffs are placed on top. I give it a month or two before all hell breaks loose
Can’t wait to see those American factories for all products under the sun to be built in 6 months time. Heck, 6 years even. Good luck getting the homegrown labour to make this happen
Slapping a 54% tariff on China during economic precarity isn't policy -- it is cosplay for collapsing empires. You don't fight inflation by lighting your own supply chain on fire. Forget DC and Marvel, Smoot-Hawley is the hot new reboot for the summer.
#tariffs
#tradewar
#latestagecapitalism
Comments
https://youtu.be/KdBN5lBPHfI
How long is the list of shit I can't afford now?
Yep.
For the people etc.
Apparently we're all super rich and can afford this bullshit.
Or maybe it'll just sit in warehouses.
Or they won't bring us things to begin with, and therefore we can't buy them. 🤷
It'll probably just add trillions to our debt ceiling like last time.
Because they didn't learn then either.
I stopped asking after Trump 1.0. Same bullshit.
American companies (importers) pay tariffs, and the money goes to the U.S. Treasury. Those companies typically pass their higher costs on to their customers in the form of higher prices. That slows down the economy -high prices, low consumer purchases, layoffs, etc.
Tariffs brought in revenue
We need to stop it!
Bold move Cotton, let’s see if it pays off.
oh I need eat breakfast ... at 4pm 😫
#tariffs
#tradewar
#latestagecapitalism
G*ddamn fool.