Economy Trump's April 2nd Tariffs

[Rob Battisti]

I appreciate your empty posting whatboutisms, then.

wtf

I’m pointing out that I’m glad people are getting back to reality that 2 quarters of negative growth are a recession

 

[Rational Poster]

wtf

I’m pointing out that I’m glad people are getting back to reality that 2 quarters of negative growth are a recession

No you're trying to rationalize your bad decisions by saying whatabout 3 years ago.

 

[Rob Battisti]

No you're trying to rationalize your bad decisions by saying whatabout 3 years ago.

Whatever dude. I’m glad we agree that 2 quarters of negative growth is and always was a recession.

 

[Rational Poster]

Whatever dude. I’m glad we agree that 2 quarters of negative growth is and always was a recession.

I never claimed either was the case, then or now. I made a joke post and you got upset and started bringing up stuff from 3 years ago.

 

[Rob Battisti]

I never claimed either was the case, then or now. I made a joke post and you got upset and started bringing up stuff from 3 years ago.

I’m glad you were one of the sane ones

 

[Rod1]

I really don't know, thats why I was asking opinions.

Probably pretty complicated. I know that lower income people make up a relatively small portion of overall federal income tax collected yearly but "relatively small" is still billions and billions of dollars.

Well its hard to have an opinion if there is no math around it.

I doubt its ever been floated as a legitimate plan

 

[DoctorTaco]

Hard times create strong men. And you know what strong men create, don't you?

Hard men!

 

[MrShady]

I mean, this is exactly how Trump said it'd go, so yeah. I'll wait and see. I'll wait and see if those new trade deals happen. I'll wait and see if those who have committed to investment in the USA follow through.

 

[Rod1]

You’re confusing volatility with functionality. Bitcoin is used to transfer value every day, which makes it a medium of exchange, full stop.

Transfer of value isn't the same as medium of exchange.

Anything with value can have transfer of value therefore by that definition literally everything is "money"? scrap metal? no problemo, just go and sell it at a junkyard and buy things with it therefore transfer of value

To be a "medium of exchange" things need to be priced in the medium of exchange, in the Babylonian example "Shekels of silver" was a medium of exchange because the value of silver relative to other things was well known, if someone said "a slave is worth 11 shekels of silver" people immediately understood the price.

If i say a truck is worth 1 BTC as shown by you, not even BTC investors know if that's a good deal or not.

Needing to check the exchange rate doesn’t disqualify it. We do the same with euros, yen, or any foreign currency.

JFC

"Foreign languages aren't real languages because language is a form of communication and i don't understand Japanese or German".

Japanese or Europeans intrinsically know the value of their currencies, things are priced in Euros and Yen in Japan and the EU.

Early adoption and price fluctuation don’t negate utility, they just reflect a system still maturing.

Who has adopted BTC as a form of pricing or unit of accounting?

 

[DoctorTaco]

She’s so close to getting it

 

[TribalDrumz]

I mean, this is exactly how Trump said it'd go, so yeah. I'll wait and see. I'll wait and see if those new trade deals happen. I'll wait and see if those who have committed to investment in the USA follow through.

Lmao at this dumb ass “wait and see”

How much damage will be done in that span
You will defend anything this clown does

 

[PEB]

The raging lefty has spoken not creating new threads just putting this here.

 

[Crazy Source]

The raging lefty has spoken not creating new threads just putting this here.
View attachment 1093006

The first cabinet meeting I saw with all that fawning over Dear Leader was shocking. I've never seen anything like it in this country. Sickening stuff. I was almost expecting Trump to say, "OK, guys, dial it back a notch".

 

[Rod1]

My goodness. I thought you couldn’t get any dumber, but then you respond with this.

You’re confusing rigidity with clarity. Definitions evolve as systems evolve. The internet wasn’t a “real marketplace” at first either, but here we are. Clinging to textbook definitions as if they’re immune to innovation is exactly why people miss paradigm shifts.

Im not clinging to textbook definitions, im clinging to the very basic essence of what something is

You are not trying to argue whether Scottish is a dialect or a different language than english based on some people not understanding what Scots say.

You are basically arguing that English and Japanese are the same language because "muh textbook definitions are too rigid".

Gold and real estate aren’t currencies, but they have both functioned as stores of value and mediums of exchange historically.

Gold used to be a currency, now its not.

I don't know if real estate was ever a currency.

So has salt. So has cattle. Bitcoin is following a similar adoption curve — not as legal tender everywhere, but as an asset that’s increasingly used for payment, value transfer, and wealth preservation.

Bitcoin is not a legal tender anywhere, and that's the problem, if some stuff was priced in BTC then yeah, if some people understood the value of stuff relative to BTC then yeah, you would have a point.

But when even Bitcoin bros like yourself are unable to use BTC as a currency, then its definitively not a currency, the fact that you understand the value of BTC relative to other stuff based on the value of BTC relative to the USD then yeah its not a currency.

At least no more a currency than any other product.

Saying nothing is priced in Bitcoin just isn’t accurate. There are thousands of merchants that accept it directly, from global brands to local shops. Entire economies like El Salvador are experimenting with it as currency. You can dismiss those as niche, but they’re real examples that contradict your claim. That’s how new systems start — gradually, then suddenly.

Tell me one single merchant that PRICES anything on BTC. You are unable to grasp the basic economic concept of what a price is.

Your Mesopotamian analogy is colorful, but irrelevant. Ancient silver was valuable because people agreed on its weight and scarcity. That’s exactly how Bitcoin works! I don’t understand how you daily to see this. It is digitally scarce, globally verifiable, and trustless. You don’t have to like it, but you should at least understand the parallel.

You keep repeating a point i never argued, i literally said that BTC does works as a store of value.

The Mesopotamian analogy isn't about value, but about PRICING people understood the value of silver relative to other stuff, nobody understands the value of BTC relative to other stuff, for BTC to work as a medium of exchange it first needs to be sold for USD since USD is indeed a medium of exchange whose value relative to other stuff is understood.

As for your argument that Bitcoin is only profitable because someone loses money…again, that’s how all markets work.

No its not, we already went through this, the only comparable market is forex speculation, and then again speculating in forex doesn't carries such a massive energy cost.

Every buyer thinks they’re paying a fair price, and every seller thinks they’re getting one. Stocks, housing, gold, and even currency exchange function the same way. If you truly believe any appreciation-based asset is inherently exploitative, then you’re arguing against the entire concept of free markets.

BS.

Stocks generate dividens, housing has uses, gold also has uses, appreciating assets aren't inherently exploitative because said assets can generate future profit based on their perceived value.

BTC is a net loss because there is no tangible service or product being served and people who buy it as a form of "investment" are being paid out by people who buy high and sell low.

Saying inflation doesn’t erode purchasing power unless you bury your cash is the stupidest thing I’ve ever heard. Inflation erodes purchasing power by definition. This is why a dollar in 1950 could buy 20 times more than it does now. It affects everyone, especially the lower and middle class. That’s not a theory, that’s economic math.

The median household income in 1950 was $3,359 and the average household size was 3.37 persons a total of $996 dollars per person a year

The median household income in 2023 was $80,610 and the average household size in 2023 was 2.51 persons a total of $32,115 dollars per person.

The USD could buy 20 more? cool, but people earn 30 times more now.

I'm getting the picture that you are extremely ignorant of the most basic stuff you see old prices and thing you would be earning the same as you are now if you were living in the 50s.

You’re welcome to keep believing the current system is perfect and Bitcoin is pointless. But if your whole argument is “because the textbook says so,” you’ve already lost the plot.

BTC is way inflated, this isn't an argument its strict reality.

If you don’t want to call it a currency because it’s not fiat, fine

Who made that argument?

 

[PEB]

Beep Beep!!!

 

[PEB]

 

[AWilder]

What the fuck is going on with Rand's hair?

 

[BlankaPresident]

they'll just be paying a tariff on their goods at a much higher rate. sounds pretty idiotic to me.

As someone from a country with huge consumption taxes and low income tax, I can confirm it's bad. Really bad.

Taxes over consumption always have a bigger burden the poorer you are, as low income people spend it all on day-to-day consumer goods and not on investments.

 

[44nutman]

Does this mean the Melania Coin is about to moon?

 

[Osculater]

Dumb fuck wrecked the economy, but still won't acknowledge reality and how fucking stupid this whole thing is.

That's not real it was photoshopped!