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" from the seller. 
But did it kill you?I tried to buy a used RC from Hong Kong last night. Its a car I've been after for 30+ years now.
In good shape, fair price was met and then...
"Post postponed because of Trump tariff.
No F'ing shipments at all!
So now I'm gonna sit here and wait for that assflap in Washington to start building a Kyosho Lazer factory in Wisconsin I guess.
Freaking FANTASTIC!
Sounds like the big guy saved him some money!But did it kill you?
More like he cost me the most resonable deal I've seen on an exceptionally clean car that I've wanted since late teens. But sure, lets call it a favor.Sounds like the big guy saved him some money!
Oh boy...
What would Red Foreman say?Oh boy...
I really did just mean that I didn't want to drag this into politics any more than its gone.
We all see this differently and I respect that.
Every single one of you is WRONG BTW!!!
I didn't mean to storm out of the room.
But his foot is already busy!!!What would Red Foreman say?
It's not exactly a blanket tariff, it's more complicated than that and there are exceptions (like cellphones for example) but I see the point you're making. Cellphones are too expensive. My wife and I both have fairly high income jobs, and we don't have kids, so we have more liquid cash than a lot of folks these days, and I still refuse to buy a new one. I'll buy a Samsung Galaxy that 1–2 years old that's either used but looks brand new or sometimes a refurbished one, so I generally don't spend more than $400-$500 bucks for a phone, and then I keep it 3–4 years. My wife a little more often but she is a shutterbug and always has to have the latest freakin' cellphone camera lol. (I still don't buy her brand-new phones, but I do end up buying more expensive and more often for her than I do myself)
I was soooo mad back when that happened, lol. I think one thing a lot of people have lost sight of is that all of those people in DC are our representatives, and as such the American taxpayer is ultimately the ones on the hook for all the money Washington spends. It's also why voting is so important, although at this point, I don't think there's very many people in Washington anymore that give a crap about America. At this point I'm convinced that the only way to make the government better is probably by dismantling it and redoing it from the ground up, but that'll never happen in my lifetime, if at all.
Market Capitalizations of the Magnificent Seven:
It's not exactly a blanket tariff, it's more complicated than that and there are exceptions (like cellphones for example) but I see the point you're making. Cellphones are too expensive. My wife and I both have fairly high income jobs, and we don't have kids, so we have more liquid cash than a lot of folks these days, and I still refuse to buy a new one. I'll buy a Samsung Galaxy that 1–2 years old that's either used but looks brand new or sometimes a refurbished one, so I generally don't spend more than $400-$500 bucks for a phone, and then I keep it 3–4 years. My wife a little more often but she is a shutterbug and always has to have the latest freakin' cellphone camera lol. (I still don't buy her brand-new phones, but I do end up buying more expensive and more often for her than I do myself)
I was soooo mad back when that happened, lol. I think one thing a lot of people have lost sight of is that all of those people in DC are our representatives, and as such the American taxpayer is ultimately the ones on the hook for all the money Washington spends. It's also why voting is so important, although at this point, I don't think there's very many people in Washington anymore that give a crap about America. At this point I'm convinced that the only way to make the government better is probably by dismantling it and redoing it from the ground up, but that'll never happen in my lifetime, if at all.
I also think you're fundamentally wrong about it not coming down to another bailout too, and here's why. Most people aren't aware of the shadow banking industry (think hedge funds but shady) and how they are leveraged anywhere from 10-20x into US Treasury basis trades. (strategies that exploit price differences between Treasury securities and their futures contracts) I won't bore you with the boring financial details (I'm not sure that I understand 100% of it myself lol) but suffice it to say that if Trump hadn't paused his tariff plans again the entire global economy would be coming unravelled right now. In fact, that was the whole reason he paused his tariff plans. The shadow banks that are over leveraged were in a panic this week because the extreme market volatility caused them to have to start cashing everything out, even for losses. Liquidity in the bond market dried up and caused a record number of margin calls last week for all those shady hedge funds. It essentially turned in to a mad dash for cash but there was so much demand to get any cash out they could that the liquidity in the bond market all but dried up, meaning even if they want to sell off what they had left they couldn't because no one was buying. If that had continued, the Fed would have had to step in and put liquidity back in to the bond market, or essentially a bailout. Now they might have done it under the radar, which they often times do, but they would have been forced to step in had Trump not backed off. they had to do the same thing during 2020 covid crisis.
The Federal Reserve estimated that hedge funds held at least $317 billion in Treasury securities related to basis trades since early 2022. Other analyses suggest that the gross notional exposure of these trades could be as high as $800 billion, with some reports indicating figures approaching $1 trillion. Now bear in mind that is just the actual cash that these shady hedge funds had in these basis trades. If you recall I said earlier that these shadow banks are leveraged in between 10-20x? Even if we take the average of the analyses ($317B - $1T) which would be roughly $700 billion and multiply it by the average estimate of how much these shady hedge funds are leveraged (10-20x so we'll call it 15x), then the actual money at stake here is somewhere around $10.5 Trillion dollars. Nobody's economy can absorb a blow like that. To put it in perspective, the combined market capitalization of the "Magnificent Seven" companies is approximately $14.5 trillion. These companies are, Apple, Microsoft, Alphabet (Google), Amazon, Meta Platforms (Facebook), Tesla, and Nvidia. These are the 7 most valuable companies in the US, and they're in the top 10 or 12 in the world. Can you imagine what would happen to the economy if all 7 of these companies went belly up at the same time? If this kind of stuff doesn't piss you off then it should because these people are playing with fire, and it should be illegal. (at least using reckless leverage like that, anyway.) I mean, regular people would never be able to do something like this. This would be like a regular person who had, let's say 20k to invest, and they go to a bank and try to borrow 15x that amount ($300,000). The bank would laugh at you all the way out the door. I doubt anyone in here could get a 300k loan for much of anything (I sure couldn't), but for high risk investing? Ya, they're not just laughing at you, they're falling over backwards in their chairs. lol
- Apple (AAPL): $3.87 trillion
- Microsoft (MSFT): $3.13 trillion
- Alphabet (GOOGL): $2.03 trillion
- Amazon (AMZN): $1.85 trillion
- Meta Platforms (META): $1.45 trillion
- Tesla (TSLA): $833.5 billion
- Nvidia (NVDA): $1.14 trillion
Personally, I think Trump has good intentions with the tariffs, but I think he underestimated how it was going to play out, that's why he backed off of everyone except China. At least for now. If I was him, I'd still implement the reciprocal tariffs, I'd just slow roll it more so it doesn't shake the foundations.I said not long ago, Trump scolded Zelensky for playing with WWIII and then rolls the dice with the entire world economy and the whole of the country's well being, financial and otherwise.
The rich and shameless operate with impunity while the rest of us are supposed to live in awe and fear.
I feel like this could quicly dive into a conversation about lawmakers who are illegally invested in companies and then make laws to make sure those investments pay off by awarding those companies with gov contracts etc...
If Trump was smart, if there was any true intent behind all this, rich boy would have already had tech companies in place.
Thid wouldn't be a game between us and them, we would have simply pulled the plug and told all these countries "play or don't, we don't need you" .
China and others have wisely called his bluff.
We are all paying because our fearless leaders have created another huge self inflicted shortage, like every other administration has done since I can remember.
Rich boy should have seen this coming 8 years ago and had big tech companies poised to step right in.
We are pretending like Trump wasn't already in office. He already had 4 years in office were this was not a problem even though this is a decades old issue. Another 4 years with Biden admin...
Why wasn't this planned for??? How did no one in the government see this HUGE, DECADES OLD ISSUE???
I don't believe the 'crisis, shortage...' I don't even believe the intent behind these tariffs.
There are all sorts of other deals that happen too. Our govt buys 120k Chevy Volts and never uses a single car... Biden buys 1000000 out dated covid tests so his buddies a Fizzer don't lose any money now that 'the jig is up' on that scam... theres thousands of examples of 'mini bail-outs'.
These banks and the ppl playing with these huge funds don't really care if things work out.
If they do, great, more money, if they don't work out, great, govt bail out... if it all crashes, it won't matter at all to anyone.
Who is going to prosecute once the govt has gone bankrupt?
This is exactly what I was talking about the other day. Yall better brace yourselves cuz things are threatening to get much much uglier. Not trying to panic anyone but everyone should be aware.I said not long ago, Trump scolded Zelensky for playing with WWIII and then rolls the dice with the entire world economy and the whole of the country's well being, financial and otherwise.
The rich and shameless operate with impunity while the rest of us are supposed to live in awe and fear.
I feel like this could quicly dive into a conversation about lawmakers who are illegally invested in companies and then make laws to make sure those investments pay off by awarding those companies with gov contracts etc...
If Trump was smart, if there was any true intent behind all this, rich boy would have already had tech companies in place.
Thid wouldn't be a game between us and them, we would have simply pulled the plug and told all these countries "play or don't, we don't need you" .
China and others have wisely called his bluff.
We are all paying because our fearless leaders have created another huge self inflicted shortage, like every other administration has done since I can remember.
Rich boy should have seen this coming 8 years ago and had big tech companies poised to step right in.
We are pretending like Trump wasn't already in office. He already had 4 years in office were this was not a problem even though this is a decades old issue. Another 4 years with Biden admin...
Why wasn't this planned for??? How did no one in the government see this HUGE, DECADES OLD ISSUE???
I don't believe the 'crisis, shortage...' I don't even believe the intent behind these tariffs.
There are all sorts of other deals that happen too. Our govt buys 120k Chevy Volts and never uses a single car... Biden buys 1000000 out dated covid tests so his buddies a Fizzer don't lose any money now that 'the jig is up' on that scam... theres thousands of examples of 'mini bail-outs'.
These banks and the ppl playing with these huge funds don't really care if things work out.
If they do, great, more money, if they don't work out, great, govt bail out... if it all crashes, it won't matter at all to anyone.
Who is going to prosecute once the govt has gone bankrupt?
You mean this is all a money grab??? I'm SHOCKED!!!
So you are all aware, I am not a "Party Voter" and I don't vote for who will only help me. I vote for who I believe will help the country. Over the past 20 years, the USA has been going to crap because of all the political trash talk. It's no longer about who will do the best job. It's all about picking a team and do whatever it takes to keep them in power. Kinda like a Raiders fan who says the Raiders are the best team but can't give you a solid reason why. I actually work for the Gov'ment. Not as a contractor, but as an actual employee working in management. When a new prez' is voted in, whether I voted for them or not, I give them the benefit of a doubt.
You don't have any money!
Yes. So Ill be even more negative balanceYou don't have any money!
None of us do. He's made sure of it.You don't have any money!