TARIFFS DEBACLE

11 April 2025 For anyone who sold gold on Thursday 10th, yesterday, they might have been reassured to see prices continue to fall, but then horrified as in later trading, prices started to pick up. Time for a lessons learned.In the immediate market rebound, what we hadn't appreciated was that tariffs were still in place, but only suspended; and that they've been reduced, but not completely, just to 10%; and that China's tariffs were raised...

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MAGANOMICS - COMPARE TARIFFS WITH INCOME TAX

9 April 2025 We'd need to compare tariffs with income tax, as ways to fund federal operations.One thing to keep in mind is that income tax accounts for 50% of federal income and tariff's account for 2%....Well that's currently.Tariffs were superceded in 1913 by Amendment 16. So in this sense, you could say they are a pre-industrialisation, pre-globalisation relic, a time when the state was small and the budget with it.It is noticeable...

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MAGAnomics

3 April 2025  Trump’s signature principles can be seen as a “three-legged stool". Leg One: The 3-3-3 Plan Sometimes called the “three arrows,” championed by Treasury Secretary Bessent and staff early on. The idea: keep deficits below 3% of GDP, achieve real GDP growth of 3%, and add about 3 million barrels per day of domestic oil production (or some big chunk of increased energy output). If you keep deficits under 3% and achieve...

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GRIFTERS AND LAWYERS COULD BRING DOWN AN ENTIRE ECONOMY

12 March 2025 https://www.lse.co.uk/news/SUS/fca-to-await-supreme-court-call-before-taking-motor-finance-next-step-ksebo09c829ao3t.htmlhttps://www.telegraph.co.uk/business/2025/03/11/millions-car-finance-customers-to-get-compensation/On the face of it, the garages acted as a credit broker and as such should have gone with the lowest price not the highest commission. That's a fair principle.Reality is, water flows downhill.From my understanding,...

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DELUSION AND REALITY

2 December 2024 https://youtu.be/YD9ZD0DLUHQ?si=uNfLOQMD-MuFMe-VAlistair Crooke argues that Washington clings to the "end of history" belief in eternal American hegemony, driven by a quasi-religious faith in liberal democracy as global salvation. He contrasts this narrative-driven Western mindset with the reality-driven approaches of Russia and China, predicting eventual crises unless compromise, humility, and realism are embraced.Alistair...

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THE RETURN OF UK INFLATION

20 November 2024With update 21 November 2024Return of Inflation in the UK 1. IntroductionThe recent UK Budget has introduced policies likely to rekindle inflationary pressures, threatening the current downward trajectory of consumer price inflation (CPI).Bank of England Governor Andrew Bailey warns that Budget measures could delay further rate cuts and stoke inflation.2. Key Inflationary Driversa. Corporate Cost PressuresBusinesses, particularly...

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THE FUTURE UNDER TRUMP

20 October 2024 The day of the Donald - how America ducked oblivionEuropeSean Foo in his prog this week, states the blimmin obvious: the only way europe can survive is if it turns back on the nordstream pipelines.He goes on to say, rather optimistically, that this would have as a consequence a rise in the energy costs for china and thus bring european goods, relatively speaking, into a more competitive position.Hmmmmm ... first of all,...

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DOLLAR DOWN, CURRENCIES DECOUPLING

27 September 2024Gold has been rising in US dollar terms but since April of this year has remained relatively stable or within a trading range when priced in BRICS and Global South currencies. To understand why, we need to understand the causes of dollar weakness and the attractions of gold in times of uncertainty.As I interpret this graph, the price of gold in dollar terms is going up, on its way soon to $3,000, some say. This while the dollar,...

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