Comments by "Maxwell Benz" (@Tential1) on "" video.

It's symbolic. No one will pay those high rates. Everyone evades taxes. At most, people will pay 20-30%.
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@stephenwilliams4531 his response doesn't even make sense. And yes, it's weird no one has bothered to just put the numbers on screen. We don't sell anything to them for them to tariff.... They can't hurt us... It's actually insane how stupid the other countries are. Trump picked the game, and they played it. Why not... Oh I dunno..... Pick up another game Trump doesn't have the advantage in? Change the game? But the nerds running countries are so stupid, they focus on imports/exports too. You could just tariff American services.... Instead of our physical goods... Rofl.... But nope. Smooth brains just fell into his trap. I used to think the man was stupid based on media brainwashing. Now I see, he's a elite gamer.
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Not sure why people are freaking out about treasures. Scott told you. It's because of leveraged players. Lol. Tons of people use 3-10x leverage. You have to sell everything ASAP when big moves happen. Doesn't even matter if you want to. It's a force liquidation. They were over leveraged, and probably sold to save their long positions. Not a huge deal.
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It's very weird. I used to play smash bros and it's like, someone gave you the hard read years in advance, and you still failed..... Weird..... Weird weird....
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Listen to the beginning, art of the deal. Whatever the opening ask is, is not the ask. Lol. Ask for way more than what you want. Why does everyone still take Trump statements at face value when he wrote a literal book telling you his play strategy.
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@TheJefflz just because you trade with someone doesn't mean you're aligned with them.... Everyone knows everyone in those fields. It's a revolving door. Even if they didn't work together, they'd know each other.
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The goal was to stop Chinese export growth. Chinese exports were growing at 7-12% a year. Ever since Trump took office in 2016 it's been 0% growth. Hence why china economy has been so slow. Now, Trump sees the weak economy, and applies pressure. This has nothing to do with stocks. It's economic warfare.
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This isn't a battle of winning. It's a battle of losing less, until your opponents do what you ask. Which, if this is the case, America can't lose.
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You're right and wrong. China actually purposely props up it's currency. Which costs money. If china didn't do anything, it's currency would fall. Yet, the government actively prevents this. Why? Because of capital flight. If you hold billions in Chinese yuan, and it's going to depreciate. You'll sell yuan, and buy Swiss francs. But if you do that you'll actually cause the yuan to depreciate. This is why they're afraid. I trade currencies. This isn't something china actually wants to do.
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They aren't hurt. You could say Trump ego is hurt. Both retaliated. China is gonna evade the tariffs by using other countries. So this whole thing is more for show. Lol. You guys need to not take things at face value.
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@yerbudspud I didn't dispute they worked together. I said, just because they did doesn't mean they're aligned or friends. It's a small industry. If a far left person hired me, you think I care? As long as we make money, we don't care. The confusion might be I said "trading with" but I mean that in the sense you're working together.... If we work together trading, that doesn't mean anything regarding beliefs. Lots of people team up because it's advantageous at the time.
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@Rain-in3uk he's still wrong. China can't just trade with other countries. They don't have the excess money. They can't just absorb 500B of goods. Especially when Europe is in recession. Lol. China has no move. You guys aren't even focusing on the right things in the first place. It was about stopping china imports. Which was successful. And I have no easy source for you to use, because you'd need to download the china import data, which is monthly,, convert it to yearly in excel, and then, you'll see what we're trying to do. We stopped china from going exports to America when Trump took office in 2016. Biden left the tariffs in place. Now. He's going to crush the exports from China, and send china into recession. This is economic warfare. Read, concessions of an economic hit man. If you're really going to do finance at the highest levels, this is it. We can destroy countries. And we do. And you have to be OK with that, if you want to make serious money.
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You're looking at the wrong metrics to see if it's successful. We already know Trump was successful the first time he placed tariffs on china. This effectively will destroy the Chinese economy.
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29:50 get freaking wrecked. How do people not know this stuff?
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The time to panic is when the other countries stop worrying about tariffs, and do something else to hurt america. Trump picked this game specifically because America can't lose. The correct play is to change the game, but the opponents are nerds. They've never done this. I'll use a gaming analogy for you. Say we play street fighter. I could just fight you. However, I'll change the game. Instead of fighting. I'll go for a time out. Or anything other than play the game normally. This is why they're losing against Trump. They expect normal meta, and he refuses to play normal meta, and they crash out when they don't get their way.
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@ice_fox they are correct, and if you ask chat gpt it will confirm. I'll elaborate. China doesn't devalue their currency because if they did, capital flight would occur. They manipulate their currency, that's the correct thing. The reason they don't devalue their currency, is because it causes money to flee. This is happening to Japan. You can just Google usd/yuan. Click max. It will confirm. There was a time where china openly manipulated the currency, you'll see the flat line then. Then, it was soft manipulation, to allow their people to afford global goods, and to stop capital flight. Why do you need to stop capital flight? If I'm a billionaire in yuan, and I find out it's going to devalue 15%then I'll sell my yuan, and by Swiss francs. But if I do that, that causes selling pressure on the yuan, which devalues it. Thus, when you actively devalue your currency you create a snowball effect. Now Google usd/yen. You'll see this happening to the yen. I really can't explain more, sorry, I feel like I'm about to explain how I make money, and I can't do that.
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@David-eh9yv if it was True, why wasn't everyone freaking out when the Russian ruble crashed? It's way more complex. That's the fastest way I can explain it. I wrote something longer, but currency trading is the hardest form of trading there is imo. But basically, if the yuan did devalue, it would negate the tariff (the real tariff which will be 20-30% once you factor in loopholes). So it doesn't really mean it'd be good for China if we can just more cheaply buy their goods, and push the tariff impact onto them. Ugh, it's too much to explain, sorry. You can use the Google gemini deep research function, and it will do a better job than 99% of humans though.
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Also, if china currency depreciates, it negates the tariff(30% is the approximate amount. Businesses, we always find a way to negate or evade tariffs) entirely. We go back to status quo. Which is another reason china doesn't want to let the currency depreciate. Because they want the tariff war. They need to focus inward, and develop internal trade, rather than be the world's factory. Hence, this will likely stay put, and businesses will just evade the tariff. However, it will hurt china long run. Trump first round of tariff halted Chinese export growth entirely. This one will regress it. Again, I don't cheerlead, I trade, and I get paid on performance. I don't care about anything other than being right and making money. Nothing else matters to me. I have trades I know actively hurt countries, and I couldn't care less. I play my game to win because it's fun for me.
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You do realize, by china devaluing the yuan it means they can afford less global goods, we can still afford their goods, and, we can push the tariff impact onto their suppliers? It doesn't help them in a tariff war...
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