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central mich |
I paid about $500,000 in tariffs last year. Tariffs are 100 % inflation. (Peter Navaro wrote an op-ed recently that said tariffs are not inflactionary) The US government got the tariffs I paid so ithey are a tax. I think the government got $197 Billion last year from us suckers.
If we raise tariffs against another country then they raise tariffs on us. Lucky us we may not get aluminum , electricity , heavy crude and potash. And in other cases other countries will not buy our poducts like automobiles and soybeans. And the reason that the US has trouble exporting goods is that they are too high priced due several reasons. Cost of production and the value of the dollar. And just wait until after Japan , China, the UK other countries really start dumping US Treasuries which will raise interest rates. Then our world of hurt will start. At one time I used to buy about $80M of US treasuries every quarter and I did that for several years as part of my job as a court appointed deputy receiver. i.e those funds were held in trust and we could not invest in any
asset that exposed a risk. I have no idea if I would want to invest in Treasuries in today's financial market with exposure to trillions of Treasuries getting dumped.
. If I could express my true feeling about tariffs it would hurt your ears. | |
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tarriffs
