patrick.net

HeadSet says

mell says

time for them to grow a backbone and install potent, business oriented leaders

To do that, they will have to expel all the grifters.

True, the AFD is about to overtake all and become the strongest party in Germany, and I think it's too late for the euro marxists to ban them without risking civil unrest. Britain is at the cusp of civil unrest and maybe Farage can pull of a big win next time. We all know France almost voted LePen in, so it's happening. Let's keep the faith.

US Consumer Imports

MolotovCocktail says

Love the stylized 1970 Olds Toronado.

notes author Batya Ungar-Sargon. “Democrats can't figure out how to talk about immigration in a way Americans want to hear,” she said in a new podcast with Public. “They haven't figured it out yet. Most working-class people want no more immigration and much more access to healthcare. You say you think that they might be able to make it there, to accept that Trump was right about some things. I don't see any evidence of that.”

“Democrats and the liberal media hate Trump so much they’ve committed to this view that tariffs are bad and attacks on consumers,” said Ungar-Sargon. “Both of those are wrong. It's not a tax on consumers. With most of these products, the tariffs are not being passed on to consumers. They're either being eaten by the countries or by corporations, which — Hello! — Leftists are supposed to like. They are refusing to acknowledge that we are raising billions of dollars through these tariffs, which are being used directly to pay down our deficit. We were in a surplus as a government for the first time in decades last month.”

https://open.substack.com/pub/public/p/batya-ungar-sargon-its-the-most-amazing

Net Exports from the USA Grew almost 5%!



Austrian Economists insist: "Reality is inferior to our a priori theory"

https://www.coffeeandcovid.com/p/thinkable-friday-august-1-2025-c

Trump sprinted into office with a singular goal: America first. What is now obvious is that he meant it, literally; since America is the world’s economic engine, America —i.e. Main Street— should collect the benefits. It’s not a secret or a joke. He’s said it over and over, but the experts just rolled their eyes and thought, more bluster.

But he’s not blustering. He’s actually doing it. ...

Trump isn’t just killing a sacred cow or two. He’s not even culling the herd. He declared war on sacred cows and started blasting away before the ink was dry on the war’s declaration. The list of vested interests on which Trump is trampling is too long to possibly number. Think multinational corporations (Nike, Apple, Pfizer), billionaire donors (Soros, Gates, Buffett), federal politicians, state and local party bosses, and Wall Street— and that’s without delving into well-connected London banksters, influential oligarchs, foreign multinationals, and allied governments. ...

But after global communism’s dusty collapse in the late ’80s —when the Cold War ended and America stood alone as the unchallenged superpower— the chessboard was reset. For the first time in history, the U.S. could have demanded favorable terms from every other country on Earth including, and especially, Russia and China. ...

It sets new tariffs on over 60 countries, with threats extending to dozens more, and a default minumum 10% tariff on every country not mentioned. Rates range from 10% to 50%, with the first round taking effect at 12:01 a.m. on August 7th (next week). ...

President Trump walked into the carefully maintained international parlor, looked around at the antique furnishings and marble fixtures, and started swinging a baseball bat. No postwar president has ever tried to break up the concretized global interests because doing so requires a kind of fearlessness verging on insanity.

He’s not worried about donors drying up. He’s not worried about savage media attacks. He’s not worried about reverse trade wars. He’s not worried about Congress going sideways. He’s not worried about a stock market collapse. He’s not worried about the military-industrial complex or the deep state. There are a million ways this could go terribly wrong for Trump, but he doesn’t care.

Why isn’t he worried? Maybe it’s because he’s already endured everything they could possibly throw at him. They impeached him twice. They indicted him 34 times. They raided his home, gagged him in court, canceled him, deplatformed him, demonized him, and declared him disqualified.

In other words, every institution that should’ve been able to stop him has already tried and failed. He’s still here— and stronger than ever. ...

The elites are angry because he’s not telling them what he’s doing. He’s just doing it.

Soon, people will start asking, if it was so easy, why didn’t anyone do this before?

Patrick says

Soon, people will start asking, if it was so easy, why didn’t anyone do this before?

Because previous POTUSes where either members of the elite or wannabe creatures of them (every Dem POTUS from Clinton forward were wannabes who were dirt poors).

https://wolfstreet.com/2025/08/02/tariff-cash-is-rolling-in-hits-28-billion-in-july/

Patrick says

The elites are angry because he’s not telling them what he’s doing. He’s just doing it.

As Christ turned over tables and beat the money changers for defiling the Temple.

No, Trump is emphatically not Christ, but he displays that outrage. Why give sweetheart deals to enrich the few to the detriment of the many? Especially when than many, given the chance subject to their ability, could succeed on their own terms?

The Ivy League has become a gatekeeper. More important than ability, it is the vehement adherence to libtard indoctrination that is the ultimate test (as well as perhaps bloodlines) that deems one worthy to join the elite.

I'm basically white trash, and I'll never adopt "their" views. While I wait, I sharpen my pitchfork and I tar my torch.

MolotovCocktail says

She's holding it wrong, but I forgive her.

Patrick says

MolotovCocktail says

She's holding it wrong, but I forgive her.

She shoots that and the recoil will cause the shotgun to fly under her arm so that the barrel will smash her face. I wouldn't forgive her for being so stupid as to destroy her good looks. Cheek to the stock, bitches!

MolotovCocktail says

https://wolfstreet.com/2025/08/02/tariff-cash-is-rolling-in-hits-28-billion-in-july/

Its one big linear programming or optimization effort with many interdependent variables, so we'll see if there is at least somewhat strong economic growth and that the FY 2025 deficit is no more than equal to FY 2024 when adjusting for inflation.

The labor market has been loosening, and going back on 2022 the economy has been downshifting some.

.

1) 70% of income tax receipts come from the top 10% Makers. Bottom 50% of Makers don't pay any income tax. So, this plan is doable in general. It will also positively offset whatever costs on consumers tariffs do impose.

2) Devil is in the details, tho. What about business income taxation? Why not slash payroll taxes instead of income taxes first? What happens when tariff revenues go down as domestic manufacturing goes up?

3) The real brilliance of this is that it permantizes tariffs. No Democrats will be able to abolish them easily w/o assfucking the middle class again. Poison Pill.

4) Bad news: many states like California but even some red states will raise their income taxes to take advantage of the situation. To avoid this, whatever bill gets passed would also require have to require a formula to cut overall federal funding to states that do this. Yup. That includes farm supports and highway funding. Possibly even entitlements for ppl living in those states.

5) Uniparty Congress won't go for this. They'll come to like the tariff revenues but only in addition to how they assfuck us now. Yes, that includes the RINOs. There is no MAGA party on Congress, kiddies. Not really.

MolotovCocktail says

5) Uniparty Congress won't go for this. They'll come to like the tariff revenues but only in addition to how they assfuck us now. Yes, that includes the RINOs. There is no MAGA party on Congress, kiddies. Not really.

If they do somehow vote for it then maybe they've been to Epstein Island.

🇨🇭🇺🇸 On August 7, 2025, the United States implemented a 39% tariff on a wide range of Swiss imports, including watches, machinery, and chocolate, with pharmaceuticals largely exempt. The measure is part of President Donald Trump’s “reciprocal tariff” policy, which links tariff rates to trade imbalances. The Swiss government, led by President Karin Keller-Sutter, mounted last-minute diplomatic efforts in Washington to avert the increase but failed, and negotiations continue. Swiss industry groups have warned of significant disruptions, with potential job losses and slower economic growth if the tariffs remain in place.

So what?
The 39% U.S. tariff on Swiss goods signals that Washington’s “reciprocal tariff” policy is being applied even to high-value, politically neutral economies at the core of Europe’s industrial and financial ecosystem. While Switzerland’s global market share in precision manufacturing and luxury goods is small in volume, its products occupy critical niches in global supply chains—from watchmaking and medical instruments to specialty machinery. Sustained tariffs risk prompting Swiss firms to redirect exports toward Asia or the Middle East, potentially eroding transatlantic trade ties. The move also puts the EU in a delicate position: although Switzerland is not an EU member, its economy is deeply integrated into the single market, meaning the tariffs could indirectly affect EU suppliers, logistics networks, and pricing structures for high-end goods across the continent.

From a geopolitical perspective, as I have argued, Trump’s tariff strategy can be understood not simply as protectionism but as statecraft aimed at forcing geopolitical realignment. By selectively raising tariffs on both allies and rivals, Washington increases the cost of economic dependence on the U.S. market while simultaneously leveraging trade pain as a negotiating tool for broader strategic concessions - whether on security cooperation, sanctions alignment, or supply chain decoupling from China and Russia. In this reading, the Swiss case is not an isolated economic dispute but part of a larger recalibration of alliances in the evolving order of Cold War 2.0 between America and the Dragon-Bear.

https://x.com/vtchakarova/status/1954560761017037234

BTW, this gal is worth following on X. Not a neolib full of shit.

‘US hits one-kilo gold bars with tariffs in blow to refining hub Switzerland’ (FT), upending the bullion market as prices soar, and hitting Zurich on trade again;

https://x.com/TheMichaelEvery/status/1953702339681923249

TRADE DEAL WITH EU REACHED


https://x.com/howardlutnick/status/1958484251818545422

PanicanDemoralizer says

TRADE DEAL WITH EU REACHED


https://x.com/howardlutnick/status/1958484251818545422

https://www.coffeeandcovid.com/p/friends-with-benefits-saturday-august

Narrative failure alert! This week, US News and World Report published this remarkable, expectation-defying headline:

Trump's Tariffs Could Reduce US Deficit by $4 Trillion, CBO Estimates
https://money.usnews.com/investing/news/articles/2025-08-22/trumps-tariffs-could-reduce-us-deficit-by-4-trillion-cbo-estimates

The new estimate was devastating news for corporate media, which angrily ignored the story, and ran more DC protest tales instead. The financial experts were also unavailable for comment, even though they’d predicted the exact opposite, that Trump’s tariffs would mushroom the deficit. ...

If anything, the CBO’s estimate was low. The prediction of a $400 billion deficit reduction over ten years is very conservative, since tariff revenue in 2025 is already estimated to blow past $400 billion, and tariffs weren’t in place for the whole year.

I don’t mean to minimize the accomplishment. Even $4 trillion over a decade isn’t exactly pocket change; it’s more than most major tax packages ever dare to promise.

That wasn’t the only thing experts were wrong about. On the same day, CBS News ran this delightfully contrarian story:

4 reasons why the Trump tariffs haven't caused U.S. inflation to soar
https://www.cbsnews.com/news/us-tariffs-trump-inflation-prices/

Until this week, most “mainstream” economists screamed that Trump’s sweeping tariffs would quickly push consumer prices higher, triggering a new inflation wave. Costs will just be passed on to American consumers, they cried. CBS’s article shows that didn’t happen: prices have stayed “relatively stable,” and the hysterical predictions of immediate inflationary shock did not materialize. ...

That we were right about tariffs from day one is now unavoidable. Trump’s tariff dashboard is about so much more than mere revenue. He’s using it to bring the globalists to heel. The much-desired goal of ending globalism for good would justify an enormous investment, but Trump has found a way to make trillions at the same time.

Since inflation is stable, it’s obvious that foreign treasuries are beginning to foot the bill for American objectives. Trump’s achieved the politically impossible; he’s transformed taxes into a profit center.

Think of it. For fifty years, politicians of both parties swore there were only two choices: raise taxes (career suicide) or cut spending (political suicide). Trump has once again found a third way: make foreigners pay America’s bills. And it’s fair, since the world benefits from American military and economic stability.

Patrick says

make foreigners pay America’s bills. And it’s fair, since the world benefits from American military and economic stability.

And they've been doing it to us forever. Europe is a dying region that has no natural resources and poor demographic future. So they bring in Muslims to fill the gap. Different ethnic countries. Italy, France, Germany, Spain, etc. It's not like the United States. We may bitch about each other states, but I consider them Americans first. Not the case in Europe.

About the only thing they had going was cars and that's failing. I don't want an EV, but they only make small ICE cars that are over priced. BMW, Audi, Mercedes, VW, etc. Those are mostly upper middle class cars that sales are going to fall off the US market. And they're also expensive to maintain.

I suppose they make watches as a bigger market? Basically what Europe does is high end stuff that 90% of Americans don't need. And they've been charging us tariffs not thinking the party would ever come to an end. Same shit with NATO. Why is Russia our problem? They'd have to nuke us. They couldn't get ground troops over without being completely wiped out with conventional weapons across the straights or Pacific. Russia has never been a threat because of MAD.

Cold war is over and Europe needs to take care of itself. The problem is they never have. Hence why I'll never go. And point is tariff the hell out of them. Technically they owe us way more after WWI and II. Didn't need to be in some wars, but we've given them free military training for 80 years. The bill is due.

Al_Sharpton_for_President says

What if all that will have to be paid back...

A federal appeals court has ruled that most of President Donald Trump's sweeping global tariffs are unlawful, potentially dealing a significant blow to the president's effort to reshape the country's trade policy unilaterally.
In a 7-4 decision, the U.S. Court of Appeals for the Federal Circuit rejected Trump's authority to carry out most of his tariffs, agreeing with the lower court that Trump's actions were "invalid as contrary to law." However, the court delayed the impact of its decision through mid-October to allow the Trump administration to appeal to the Supreme Court, as the tariffs remain in effect.

Al_Sharpton_for_President says

No complaints. Just depends on how it's spent or divvy'd about.

"Tariffs will destroy consumer prices that already skyrocketed these past few years under one-way Free Trade"

"We're gonna take in $330B in new revenues and hardly anybody noticed, because it turns out multinational corps ate the cost, showing they have enormous pricing power and can lose more freebies and subsidies to boot."

DemoralizerOfPanicans says

showing they have enormous pricing power and can lose more freebies and subsidies to boot."

When an iPhone cost $10 to make but is already priced at the market top $800, Apple will pay the tariffs since they cannot raise the price.

DemoralizerOfPanicans says

"Tariffs will destroy consumer prices that already skyrocketed these past few years under one-way Free Trade"

"We're gonna take in $330B in new revenues and hardly anybody noticed, because it turns out multinational corps ate the cost, showing they have enormous pricing power and can lose more freebies and subsidies to boot."

https://www.firstpost.com/world/donald-trump-china-nato-brics-mexico-xi-jinping-india-global-economy-vietnam-13936273.html

Trump tariffs bring record export business to China, trade on track for $1.2 tn surplus

According to Bloomberg, with direct access to the US curtailed, Chinese manufacturers have swiftly found new buyers. Chinese Exports also got a boost from the improvement in bilateral ties with India on the back of a flurry of visits by the leaders of the two countries. Exports to India surged to an all-time high in August.

Shipments to Africa are on pace for a record year and sales to Southeast Asia now exceed their pandemic-era peaks. This broad-based boom reflects rerouting of Chinese goods after Trump’s tariff moves.

https://finance.yahoo.com/news/us-current-account-narrows-sharply-133220232.html

US current account deficit narrows sharply in second quarter

Patrick says

https://www.firstpost.com/world/donald-trump-china-nato-brics-mexico-xi-jinping-india-global-economy-vietnam-13936273.html

Trump tariffs bring record export business to China, trade on track for $1.2 tn surplus

According to Bloomberg, with direct access to the US curtailed, Chinese manufacturers have swiftly found new buyers. Chinese Exports also got a boost from the improvement in bilateral ties with India on the back of a flurry of visits by the leaders of the two countries. Exports to India surged to an all-time high in August.

Shipments to Africa are on pace for a record year and sales to Southeast Asia now exceed their pandemic-era peaks. This broad-based boom reflects rerouting of Chinese goods after Trump’s tariff moves.

They don't tell you that it does not make up for the volume and/or prices they got from selling to the US.

MolotovCocktail says

Patrick says
https://www.firstpost.com/world/donald-trump-china-nato-brics-mexico-xi-jinping-india-global-economy-vietnam-13936273.html

Trump tariffs bring record export business to China, trade on track for $1.2 tn surplus

According to Bloomberg, with direct access to the US curtailed, Chinese manufacturers have swiftly found new buyers. Chinese Exports also got a boost from the improvement in bilateral ties with India on the back of a flurry of visits by the leaders of the two countries. Exports to India surged to an all-time high in August.

Shipments to Africa are on pace for a record year and sales to Southeast Asia now exceed their pandemic-era peaks. This broad-based boom reflects rerouting of Chinese goods after Trump’s tariff moves.

They don't tell you that it does not make up for the volume and/or prices they got from selling to the US.

They're panicking is what I think, China that is. They manufacture based on US demand and they likely have boatloads of inventory because crossing the Pacific. Takes 15-25 days from China. That shipping time will take months at least to adjust and then they need to keep Chinese people employed so they might be dumping products in warehouses to India and southeast Asia more than usual at lower cost since it's closer.

If China has an employment collapse Xi could be in trouble. My spending habits have changed so I don't buy the cheap Chinese crap anymore. Moving houses and you realize how much stupid shit you have. I think with the tariffs some people may also have just changed purchasing habits. I could see a 10-20% reduction in US purchasing Chinese goods. Probably overshooting, but wouldn't be surprised. I guess I should say consumer goods.

Just an occasional reminder that the Shanghai Index is lower than it was a decade ago, before the COVID global inflation wave.

https://finance.yahoo.com/quote/000001.SS/

And while it excludes Concrete, Steel, most Energy, etc. it is a good metric for how pǔtōngrén (Average Joe) is doing as it includes hotels, restaurants, clothes, etc. Flat.

WookieMan says

they might be dumping products in warehouses to India and southeast Asia more than usual at lower cost since it's closer.

Yup. They already started on that...EU first, since the Eloi Union never really has its fucking act together and they are the next richest bloc of consumer-suckers after us, I think.

Rest of Asia, India and what-not tend to be more well fortified because they already are mercantilist assholes in emulation of Japan, the Tigers and China itself.

https://wolfstreet.com/2025/10/01/tariff-cash-keeps-rolling-in-record-30-billion-in-september/

MolotovCocktail says

ZOMG! How will the US, covered in forests, ever replace.. uh... wood sticks to separate kiln-dried boards... uh... made from US wood from US forests? We don't have the infrastructure for that! It will take years to replace these imports!!!

hahahahah