Comments by "Ace1000ks1975" (@Ace1000ks19751982) on "🔴Ep. 373: Freedom Is Great; Tariffs Are Not." video.

  1. The Chinese are getting a trade surplus, and they are using it to buy U.S. treasury bonds, U.S. real estate, and U.S. equities. All the money they made is being invested right back in America. As a result, interest rates are lower which benefits people who buy cars, homes, and get loans. LOL
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  2. It isn't only China that is doing it. The European Union is doing it, and all the countries that trade with the U.S. are doing it as well. When people make enough money, they emmigrate to the USA and buy real estate here. Most of the luxury condos and penthouses in New York City are owned by foreigners, they can Chinese, German, French, South Korean, Russians, Saudis, Belgian, British, Spain, people from African countries, Brazil, Columbia, etc. Rich foreigners go to New York City and do their shopping here. You have foreign tourists who come to the USA, going to places like Yosemite, Yellow Stone, Mount Rushmore, Statue of Liberty, and other places. They come here spend a lot of money in the USA. It is good we have all this influx of capital returning to the USA. You cannot consider these people to be your enemies. They are buying up about $140 billion worth of agricultural goods from the USA every year.
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  3. I can't say they are taking advantage of the USA, because if you understand how trade works. It is all about comparative advantage. The country that produces a certain goods more efficiently does so at a lower cost. If it costs less money to produce an item in let's say China, Vietnam, India, Nepal, Thailand, Sri Lanka, Madagascar, Mexico, El Salvador, etc, corporations and companies will outsource the work out to those countries. With artificial intelligence, and advanced robotics, it may be cheaper to produce items employing automation than outsourcing it out. That isn't going to help workers in the USA. The steel industry in the USA is producing much more than they ever did using a fraction of the workers they used let's say 40 years ago. Trump isn't going to help you get a factory or manufacturing job making widgets. Most of the manufacturing jobs here require a high level of skill, unless you have a degree in computer science, electrical engineering, mechanical engineering, manufacturing engineering, or other skills. You ain't going get shit. The other factory jobs that are labor intensive can simply be sent to other countries that aren't affected by tariffs. They have billions of hungry in this world that make less than $20 a day, and they aren't going to pay you $20/hour for people who can do the same kind of work as those other people can do. The Republicans, Democrats, most business people, and corporations don't give a shit about you. The rich get richer, and Donald Trump is rich, you give think he gives a crap about the middle class? Most of the stuff he produces are produced in 3rd world countries. LOL Do what I do, study something like computer science, or a 4 year university degree work in a nice air conditioned office. You can't fight economic realities. You can only make improvements in your life that can benefit you, and if you refuse to adapt. That's on you, you lose our job, you become homeless, no body fucking cares.
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  4. I don't believe Trump, you can believe him. I am going to start shorting the stock market around next year. The writing is on the wall, Trump will crash the economy. I don't have to crash with it. You believe whatever you like, and you can be the breadlines with the millions of other people who believe it and get hurt by it. LOL
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  5. Before the last recession in 2008, I made a pretty good deal of money. I really don't care about political views, political beliefs, or anything like that. I care about only one thing, how can I benefit from it? I don't have to be a sheep and believe Trump when he is a known liar and conman. I am not a millennial, I am a Generation Xer, there is no such a thing as WE in my generation. It is all about the ME. What do I get out of it? If Trump isn't offering anything to me, I don't have to have follow him and get slaughter by his policies. When the economy does crash, no one is going help you. You can ask Trump for help, the person who cut welfare benefits, and he going to tell you to take a hike. Pull yourself up by your own bootstraps. The farmers who get ass raped are on their own as well. Sure, Trump will give them $12 billion for now, but he isn't going to cover the $80 billion in lost trade they will suffer from year to year. When all this happens, I will buy homes for less money, I will buy back stocks for less money, and I will find more business opportunities. LOL
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