Showing posts with label tariffs. Show all posts
Showing posts with label tariffs. Show all posts

Sunday, October 26, 2025

The president's tariff retaliation against Canada is purely out of personal pique and is a tyrannical abuse of power

The Congress has the tariff authority, not the president, according to the constitution, and needs to reign in the powers it has delegated to the executive if it cares what is good for the country.

65% of the country disapproves of the GOP-controlled Congress. 

 



Mad King Ludwig is delusional, Reagan loathed tariffs in principle

 



Friday, October 24, 2025

Lying Trump will never rise to the level of Reagan, let alone of any other president

 If Reagan were alive today, he'd reject Donald Trump and his trade war against the whole world, including and especially against our friends and allies in Canada.

Reagan's full remarks from April 1987, excerpted by Doug Ford in the ad, are shown below.  

 





Saturday, October 18, 2025

The Uniparty: It will never not be funny how Trump insists that his tariffs are not new taxes same as Obama insisted fines for not having health insurance were not new taxes

 



People are right to doubt government data when Trump's Treasury Department under Scott Bessent leads off with this chart crime of September 2025 federal outlays

 You can access the Treasury's Monthly Treasury Statement here to see for yourself.

The OUTLAYS BY FUNCTION for September 2025 in the Figure 1 graphic DO NOT ADD UP TO $346 BILLION, as stated.

They add up to $560 billion.

The receipts DO ADD UP, almost, to $543 billion.

That the graphic indicates $544 billion, not $543 billion, is another clue that the entire thing is a tendentiously fabricated interpretation of the data from within the report, obviously. 

Well duh.

Meanwhile that "Other" category isn't a Red Flag for nothing!

"Hello! Hey! Yes, you! We're about to pull a fast one! Pay Attention!" 

In the end outlays of $560 billion minus receipts of $543 billion = a September DEFICIT of $17 billion, NOT A F^@KING SURPLUS OF $198 BILLION.

They are asking you to deny the evidence of your own eyes, and they know it. 

It's a total lie, as in Lies, Damn Lies, and Statistics.

When you can't trust the U.S. Treasury Department, who can you trust?

 

The upshot is that Fiscal Year 2025 ends with a deficit of $1.973 trillion, far worse than FY 2024's $1.816 trillion . . . by 8.6%.

But the Trump Regime wants you to think the deficit is smaller than in 2024, at $1.775 trillion, that they're cutting spending by closing agencies and departments and firing federal employees, and increasing revenues through tariffs, et cetera, et cetera, et cetera, and that the Big Ugly Bill is working.

LIES, DAMN LIES, I tell you. 

 



Monday, October 13, 2025

Gold hits record $4,083.42, silver hits record $51.70, Bank of America forecasts $5,000 and $65

 Gold, silver hit record highs as Trump threatens fresh China tariffs

... Spot gold was up 1.64% to a record $4,083.42 per ounce. ... Spot silver jumped 2.22% to $51.39/oz, after hitting $51.70/oz, driven by similar factors as gold alongside tightness in the spot market. ... 

Bank of America on Monday raised its price forecasts for precious metals, lifting its 2026 outlook for gold to $5,000 an ounce and for silver to $65/oz. BofA is the first major bank to raise its gold price forecast to $5,000/oz for 2026. 

On a technical basis, gold’s and silver’s Relative Strength Index stands at 80 and 83, respectively, indicating the metals are overbought. ...

Wednesday, September 17, 2025

Look who's blaming the victims again!

 These guys slapped ginormous tariffs on China and now complain China is straining relations.

They also blamed Ukraine for starting the war with Russia.

The chutzpah.

 

Monday, September 8, 2025

Treasury Secretary Bessent tells a whopper


 
 
These jokers have added $1.2 trillion to the national debt in TWO months.
 
The 10-year US Treasury has returned 1.013% nominal in the last twelve months, -1.419% real. 

Tuesday, September 2, 2025

Bonds tank and gold soars to start September in huge embarrassment to Banana Republican Donald Trump, who wouldn't pay his own bills let alone the country's

... Tariffs are set to bring in $172.1 billion in 2025, according to the Tax Foundation, which would be a nice financial boost to a country with a ballooning budget deficit.

“If this ruling is upheld, refunds of existing tariffs are on the table which could cause a surge in Treasury issuance and yields,” wrote Ed Mills of Raymond James in a note. ...

More

 



Saturday, August 30, 2025

Real Clear Politics rewrites headlines to make Trump look better


 

 

 

Appeals Court Rules Against Some Tariffs But Leaves Them in Place takes you to  Most Trump tariffs are not legal, US appeals court rules lol.

https://www.msn.com/en-us/news/politics/most-trump-tariffs-are-not-legal-us-appeals-court-rules/ar-AA1LvGU7

https://www.reuters.com/legal/government/most-trump-tariffs-are-not-legal-us-appeals-court-rules-2025-08-30/ 

 

 


 

Friday, August 29, 2025

U.S. Court of Appeals for the Federal Circuit isn't buying Trump's emergency argument for his tariffs because he's taxing everything from nearly every country


 

 Most Trump tariffs ruled illegal by appeals court, dealing major blow to trade policy

A federal appeals court ruled Friday that most of President Donald Trump’s global tariffs are illegal, striking a massive blow to the core of his aggressive trade policy.

The U.S. Court of Appeals for the Federal Circuit held in a 7-4 ruling that the law Trump invoked when he granted his most expansive tariffs — including his “reciprocal” tariffs — does not actually grant him the power to impose those levies.

“The core Congressional power to impose taxes such as tariffs is vested exclusively in the legislative branch by the Constitution,” the court said. “Tariffs are a core Congressional power.”

The appellate court paused its ruling from taking effect until Oct. 14, in order to give the Trump administration time to ask the Supreme Court to reverse the decision. ... 

In Friday’s ruling, the court found that the challenged tariffs exceeded Trump’s authority under IEEPA.

“Both the Trafficking Tariffs and the Reciprocal Tariffs are unbounded in scope, amount, and duration,” the majority ruled. 

“These tariffs apply to nearly all articles imported into the United States (and, in the case of the Reciprocal Tariffs, apply to almost all countries), impose high rates which are ever-changing and exceed those set out in the [U.S. tariff system], and are not limited in duration.” ...

 

Thursday, August 21, 2025

Trump adds $1 trillion to the national debt in record time and S&P Global underscores its own irrelevance by maintaining the U.S. AA+ credit rating

 Trump tariff revenue expected to offset tax bill impact, S&P says in U.S. credit rating hold

... "We could lower the rating over the next two to three years if already high deficits increase ..." lol.

 These people are afraid of Trump.

They don't want to be singled out for Trump's daily Two Minutes Hate.

They don't want to be the next Jerome Powell, or Lisa Cook, or Volodymyr Zelensky.

Meanwhile year to date the Trump deficit is running $112 billion ahead of Biden's last deficit. DOGE so-called spending cuts and Trump Tariffs have done nothing to reduce it.

 



 


 

Monday, August 18, 2025

Two weeks Trump was already at it again on Friday before meeting with Putin on Saturday

... Trump said on Friday he did not immediately need to consider retaliatory tariffs on countries such as China for buying Russian oil - which is subject to a range of Western sanctions - but might have to "in two or three weeks." ...
 
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Sunday, August 10, 2025

Republican Ralph Norman (SC-5), who wants to be South Carolina's next governor, says higher prices due to Trump's tariffs are for the good of the country

 You be happy paying more. 

 ... Notably, Norman was one of the few House lawmakers not to endorse Trump in 2024, backing former United Nations Ambassador Nikki Haley instead.

In his late July announcement of his upcoming gubernatorial bid, however, he praised Trump, predicting “what he did [in Iran] is going to put him in the annals of the greatest presidents we have ever had.” ...

More

There are already five Republicans running for governor in South Carolina. 

Friday, August 8, 2025

Trump is still an amateur lol

 

Mad King Ludwig tariffs gold bars, making liquidity more expensive for big banks





  Gold futures hit record high after report of US tariffs on gold bars

Gold futures climbed to a record high on Friday after a report that the United States had imposed tariffs on imports of 1-kg gold bars, while spot gold stayed on track for a second straight weekly gain on tariff turmoil and U.S. interest rate-cut hopes. ...  

U.S. gold futures for December delivery were up 0.9% at $3,484.10, after hitting an all-time high of $3,534.10.

The price spread between New York futures and spot prices widened by more than $100 after the Financial Times reported on Thursday that the United States had imposed tariffs on imports of 1-kg gold bars, citing a letter from Customs and Border Protection.

The letter, dated July 31, said 1-kg and 100-ounce gold bars should be classified under a customs code subject to higher tariffs, a move that could impact Switzerland, the world’s largest gold refining hub.

The tariffs on gold bars “will create a dislocation or rather some issues in terms of settlement by big banks” and this was reflected in liquidity prices this morning, with prices jumping everywhere, said Brian Lan, managing director at GoldSilver Central, Singapore. ...