McRocket
Gold Member
- Apr 4, 2018
- 5,031
- 707
- 275
- Banned
- #21
I didn’t say Trump called housing crash before it started and I didn’t say you should rely on him to predict recessions. But you did say that Wall Street and the chamber of commerce know better after they utterly failed to predict housing recession. Do you understand now?Well Street and chamber of commerce mean nothing given that they had no idea the housing depression was right around the cornerThere is no reason to hate trumps tariffs until you see the final result and certainly there is no reason to restrict our freedom by making bitcoin is legal.I hate Trump's tariffs...but there are LOTS of things the U.S. government can do to stop Bitcoin. For one, they can make it illegal. So anyone holding it could be prosecuted.
Plus, you could not buy anything in America with it (except on the black market - which would make the product FAR more expensive) because it is not legal tender.
The day the government makes Bitcoin illegal...that is the same day that every medium/major American business ends ALL transactions using Bitcoin.
There are TONS of reasons to hate the tariffs. Like, NEVER - to my knowledge - have major tariffs to numerous, major/medium countries (done strictly for economic reasons) worked out for the originating country. Please show me an example in history when they have?
Here is the last time America tried them: Smoot–Hawley Tariff Act - Wikipedia
Also, Wall Street and the U.S. Chamber of Commerce (who represent trillions of dollars) hate them as well because they also know that they never work.
Wall Street hates Trump’s trade threats as much as it loves his tax cut - The Boston Globe
Tariffs are the Wrong Approach
Are you seriously suggesting that a man (Trump) who has multiple bankruptcies/failed businesses to his credit knows more than most of Wall Street and the U.S. Chamber of Commerce about tariffs?
Apples and Oranges. Besides, show me the video where Trump called the housing crash BEFORE it started.
But even if Trump did (which I seriously doubt), it changes nothing, History has proven that instigating a trade war for economic reasons is always negative for the instigating nation.
And I am still waiting for your link that shows when major economic tariffs on both medium AND major economic powers worked for the tariff originator.
I am not interested in your ideas/excuses...I want proof/evidence or your (and Trump's) words mean NOTHING.
And you did not answer my other question...are you saying that Trump knows more than most of Wall Street and the entire U.S. Chamber of Commerce - yes or no?
I will ask you again - are you saying Trump knows better than most of Wall Street and the entire U.S. Chamber of Commerce about tariffs? Yes or no?