psychlops

Companies can make more baseball cards and beanie babies. Enforced scarcity gives bitcoin value.

Thank you for writing this. You are absolutely correct and made me step back to realize that the dollar is a global reserve currency and the US will do everything it takes to keep it that way.

Oh, Erdogan consolidated his power over the last few decades democratically. Rural turks came out in mass to vote for him over past decades. Incidentally, in the past he was actually jailed by his political opponents and banned from politics.

You must be confusing my posts with someone else. Or claim doesn't mean what you think it means. Forgive me if it's difficult to forgive you when you place so much negative spin on what I wrote.

Or if the judiciary has any sort of bias as is implied in this case. (I don't pretend to know the details)

I enthusiastically endorse the separation of powers and firmly believe that people should follow systems, not people. Perhaps it just a global coincidence, but the recent spate of candidate disqualification (US, Romania, Turkey, France) gives the appearance of democratic decay.

> The only thing anti-democratic is to allow someone that does not respect the democratic rules for running for office, for they will undermine democracy from within.

Surely you see the catch in this belief. If there is a group of people who can "allow" others to run for election then the system is not democratic at its core.

If we've learned anything from the California fires, the culprit will be global warming.

Thank you for clarifying, it did not occur to me that member states paid VATs. From outside the EU, the VAT is no different than a tariff. They are both taxes which inflate the cost to do business. From your example, I think it's fair to sum the state taxes into US tariffs for comparison.

You did send me down a research rabbit hole trying to better understand VAT. It's complex so I picked a car as a test product. As a comparison, I found that to import a car from Germany into the US it costs 2.5% of the cars value. North Carolina charges an additional 3% state tax on it for a grand total of 5.5%.

To import the same German car into France the cost is (cough) 20%.

To import an American car into France the same 20% is paid plus a 10% import fee for a total of 30%. I'm sure I'm glazing over many, many smaller charges/exemptions in these examples.

To answer your question about protection using the numbers above, companies outside the eu that want to compete at an equal price with an equivalent German car would need to do so with a product that is at least 10% cheaper.

I could be wrong, but think the German economy just broke last week when they blew the cap off their debt ceiling and kicked current day payments to future generations. Note that Germany protects its production with tariffs and VATs, the rough average I've found is 19-21%.

I think China is the one to watch. They have double the energy output of the US and are basically the production capital of the world for the foreseeable future unless something changes.

Oh, I think that's inevitable for the reasons you listed. DOGE would need to do way more to actually matter. Observing the current upheaval due to minimal cutting guarantees the future will be Argentina.

The upside is the debt decreases in value as the currency inflates. So there's that.

> Who will afford to buy their expensive products?

Fewer and fewer people. Yes, a shrinking of the consumer economy. It will work, just not like it has in the past. As I see it, you are absolutely correct in your assessment. Absent a proactive approach, the alternative (which I think we will live to see) will be watching the system break.

Perhaps a lame duck president rebalancing tariffs can slow the slide, but I think the end result will be the same.

Perhaps? I can't imagine that either could take the loss of production capacity the way the US has. The global inflation of product prices alone is staggering to consider.

> Which parts will benefit from higher inflation?

All domestic producers which produce products that cost less than imported competitors.

I agree with you. The question to be answered is what kind of economy do americans want to have going forward. It's great to be in America at present, but what happens if global relations continue to deteriorate and fracture?

China would absolutely not want to have a reserve currency. Their export economy would be destroyed overnight.

Consider that this is the point of all the machinations. The US having the reserve currency is a liability in many ways and the direct reason why it's a consumer not producer economy.

Losing reserve status will be damaging to some parts of the american economy and create a boom in others.

Take a look at what current tariffs are across the world. The US isn't necessarily bullying as equalizing.