Ink on Nostr: 1. Using Tariffs to Prevent a Systemic Economic Collapse “we’re putting on the ...
1. Using Tariffs to Prevent a Systemic Economic Collapse
“we’re putting on the reinforced doors before the crash.”
2. China’s Economic Model Is Fragile and Ill-Equipped for Retaliation
“The Chinese business model and the economy are the most unbalanced, imbalanced in the history of the modern world... They’re in a deflationary recession slash depression right now. They’re trying to export their way out of it, and we can’t let them do that.”
3. China’s Reliance on U.S. Consumers
“They’ve just got such a big deficit with us that—They need our markets. They can’t survive without.”
4. Extreme Wealth Concentration in Equities
“The top 10% of Americans own 88% of equities... The next 40% owns 12%... The bottom 50 has debt. They have credit card bills. They rent their homes. They have auto loans.”
5. Gold Demand in China Driven by Capital Flight
“A huge amount is from China where… people don’t trust the Chinese currency because they have capital controls. There are 1.4 billion Chinese who all wanna get their money out and they won’t let them, they will let them buy gold.”
“we’re putting on the reinforced doors before the crash.”
2. China’s Economic Model Is Fragile and Ill-Equipped for Retaliation
“The Chinese business model and the economy are the most unbalanced, imbalanced in the history of the modern world... They’re in a deflationary recession slash depression right now. They’re trying to export their way out of it, and we can’t let them do that.”
3. China’s Reliance on U.S. Consumers
“They’ve just got such a big deficit with us that—They need our markets. They can’t survive without.”
4. Extreme Wealth Concentration in Equities
“The top 10% of Americans own 88% of equities... The next 40% owns 12%... The bottom 50 has debt. They have credit card bills. They rent their homes. They have auto loans.”
5. Gold Demand in China Driven by Capital Flight
“A huge amount is from China where… people don’t trust the Chinese currency because they have capital controls. There are 1.4 billion Chinese who all wanna get their money out and they won’t let them, they will let them buy gold.”