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Mudge 🎩Ⓜ️
@mudge
The biggest threat to economy is inflation being persistent. Now we have: 1. 25% tariffs on all good from Mexico to US 2. 25% tariffs on all goods except energy from Canada to US 3. 20% tariffs on many goods from China to US 4. 10% tariffs on energy from Canada to US 5. 25% retaliatory tariffs on up to $155B of goods from US to Canada Europe will be next. No, this is not good for crypto. This isn't good at all. And tariffs are not a sustainable income source for the US economy. WTF.
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what 🤘🎭
@whatax
But but now all companies around the world start building facilities in the US and you will have jobs and all the material inside the us so you don't need to import anything (Thats what they are expecting from it i guess)
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Mudge 🎩Ⓜ️
@mudge
I got you, but lack of education generally leads to this thinking. And no, reading the bible the whole day is no education. If all countries produce every good on their own, it would increase prices and cause people's real income to decrease. The US depends heavily on a strong Dollar. It is still their biggest advantage. However, a strong currency limits exports and makes imports cheaper. You can't have both, though the orange man wants to try out. You and me understand this as we are not brainwashed. Lack of education is one of the world's biggest problems.
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