NVK on Nostr: Americans don't understand how expensive their cheap crap will become with these ...
Americans don't understand how expensive their cheap crap will become with these tariffs.
Onshoring manufacturing is not impossible, but will take a minimum of 20-30 yrs with a ton of investment and will never be as productive as china.
Onshoring manufacturing is not impossible, but will take a minimum of 20-30 yrs with a ton of investment and will never be as productive as china.
quoting note1qvs…780lIf all the countries on Earth switch to Bitcoin, tariffs will not work to protect the US Dollar. All the countries of the world rejected the American CDMA mobile phone standard for GSM and America capitulated. I'm afraid, due to mismanagement of previous US Administrations starting with Nixon, the US Dollar is finished. For the second time in US History.
The only way out for America now, to preserve its position as the number one country for the mediation of money world wide, is to go full Bitcoin.
That means immediately making Bitcoin Legal Tender in the USA and removing and forbidding all regulations that seek to control it, under the First Amendment pretext.
When this happens, the genius of America will catapult Bitcoin to global reserve currency status via Silicon Valley. No other currency on Earth will have the internet as its backbone. The Ruble, the Euro and all other currencies would be exsanguinated as people all over the world sell their government issued fiats for Bitcoin.
America wins again.
America wins again because it will be the global hub for Bitcoin. All the expertise of how to handle it and work under its necessary limitations will rest with American know how, and no one on earth has a Silicon Valley with global penetration to rival America.
China will have two choices in this global battle for reserve currency status. They will lose this battle because they are linguistically locked away from the rest of the world, that does not use it's poisoned apps.
Only America has the opportunity to re-capture the "Guardian of the Reserve Currency" status, but this time, they will do it by merit, not by deception (The Federal Reserve).
Essentially, America now has a second chance to preserve its power. How they are getting so many breaks is bewildering; Trump himself being the most exceptional second chance.
Like all real Americans, I love Trump. There is no one like him; he embodies the American way of life, optimism, "Can Do" attitude, fearlessness and power. I hope he sails into office and keeps his promises to steer America towards peace while delivering prosperity by restraining, constraining and reducing the Federal Government. If anyone can do it, Trump can.
The US Dollar however, is a real problem, and all foreign governments (the most recent one being Nigeria, which has now abandoned the Dollar for the Naira when it comes to oil purchases), are sick and tired of the vulgar, impudent, corrupt, and murderous behavior of previous US administrations.
Trump can change all of this. By symbolically abandoning the US Dollar, and blaming the Federal Reserve for it, he can pivot back to "Real American Money + Bitcoin" Gold, Silver and Bitcoin.
Will he do it? We're all going to find out!
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