Personal View site logo
Make sure to join PV on Telegram or Facebook! Perfect to keep up with community on your smartphone.
US: Prepare for weak dollar and much more new tariffs
  • Vitaliy_KiselevVitaliy_Kiselev

    As your President, one would think that I would be thrilled with our very strong dollar. I am not! The Fed’s high interest rate level, in comparison to other countries, is keeping the dollar high, making it more difficult for our great manufacturers like Caterpillar, Boeing,.........John Deere, our car companies, & others, to compete on a level playing field. With substantial Fed Cuts (there is no inflation) and no quantitative tightening, the dollar will make it possible for our companies to win against any competition. We have the greatest companies.......in the world, there is nobody even close, but unfortunately the same cannot be said about our Federal Reserve. They have called it wrong at every step of the way, and we are still winning. Can you imagine what would happen if they actually called it right?

    Looks suspicious, very suspicious.

    Inflation coming, guys, and China will be blamed for it.

  • 2 Replies sorted by
  • FaudelFaudel

    Hey uncle Don lets make a cake ? Alright Cindy, let's cook ! Lets put a handful of tariffs so there will be less goods available on the market as we dont produce anything and import everything ! Lets put the handful of dollars the fed freely printed all these past years ! Lets force the fed to lower the interest rate to 1 ! Lets spice it with bubbles everywhere then straight to the oven. Uncle Don why does it smell so bad ? Dont worry Cindy we gonna spray some Maga on it ! Wow uncle Don it has inflate so well, can i give some to Johnny ? Sure darling but if he found it awful just tell him it's our neighbour Miss Xi who cooked it, remind him to clean his AR-15 and that gold is a barbaric relic ! Alright uncle Don we have finished what can we do now ? Time to eat some fruit sweetie ...

  • FaudelFaudel

    Fool me once...

    From canadian economist Rodrigue Tremblay :

    The 1920s all over again?

    The economic situation of today is, to a certain extent, reminiscent of the U.S. economy in the 1920s, leading to the Great Depression of the 1930s. Indeed, the U.S. economy had been growing by 2.7 percent per year between 1920 and 1929. There was overall full employment and inflation was stable.

    Also, economic growth had been extended through protectionist measures, such as the Fordney-McCumber Tariff of 1922. During the presidential campaign of 1928, for example, republican presidential candidate Herbert Hoover (1874-1964) proposed large tariff increases on imports, as part of his platform. Once in power, his promise was implemented with the passage of the infamous Smoot-Hawley tariff of 1930, which is thought to have accelerated the global economic depression.

    The economy was also stimulated through increased spending on public works and through tax cuts in 1921, 1924, and 1925.

    Moreover, President Calvin Coolidge (1872-1933) signed an anti-immigration bill called the Immigration Act of 1924, (also called the Johnson–Reed Act), whose main purpose was to prevent immigration to the United States of people from Asia. There was also widespread hostility toward Catholic Americans, many of Italian origin, toward Jews, and toward blacks. — These were the “roaring ‘20s”.

    Considering the many similarities between the two periods, politically, socially and economically, a few questions beg to be asked: Is not history repeating itself? Might the excesses of today lead also to a day of reckoning? Might the current central bankers and politicians be leading the U.S. and other economies into a severe global economic downturn? Trade protectionism, lower taxes, higher debt levels, anti-immigration legislation, wholesale deregulation… etc. — It’s ‘déjà vu all over again’!

Add a Comment