r/wallstreetbets • u/s1n0d3utscht3k • Mar 03 '25

News Trump Officially Signs 20% Tariffs on China

https://www.barrons.com/news/trump-signs-order-for-20-tariff-on-china-w-house-d6fec57f
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u/UnpricedToaster Mar 03 '25

US is Speedrunning Great Depression II: Electric Boogaloo. Good job!

392

u/Krisevol Mar 03 '25

The average age of the first home buyer today is 40.

Our economy has been fucked for decades, but no one notice because we had cheap Chinese tvs, phones,, and shoes.

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u/Xrave Mar 03 '25 edited Mar 04 '25

That’s not how we think about it nowadays: It’s fine if the economy is running on fumes as long as everyone is too busy with whatever it is that keep them happy. It’s fine that Covid and social media wrecked the learning and social capability of youths, they don’t have anything important to do right now anyway. It’s fine that crypto don’t get spent on anything with value as long as people think it has value. It’s fine to continue adding on trillions upon trillions of debt as a nation, as long as we pay the down payment every year. Paying it off? Great joke! It’s fine that the president fucks up on foreign policy as long as liberals get fucked and “i” feel good about it. It’s okay for the president to do the most out of pocket shit coz who’s gonna act against him? Congress? If you do illegal things, it’s okay as long as there’s no consequences.

Welcome to the fucking scam that US has evolved into: if you did some scammy shit, congra-fucking-lations, it’s okay and Jesus fuckin forgives you.

Fuck.

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u/Demiu Mar 03 '25

The problem with nationl debt isn't paying it off (bad idea, having it is better than not), but the rate of increase

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u/Xrave Mar 04 '25

fair point, edited rant.

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u/[deleted] Mar 03 '25 edited 17d ago

[removed] — view removed comment

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u/Sergster1 Mar 04 '25 edited Mar 04 '25

Doesnt matter because

1) Who is going to enforce us paying our debts we have the biggest stick (Military)

2) We can always refuse to pay our debts because we have the bigger stick (Military)

3) We can always refuse to pay our debts by threatening to withhold the bigger stick when someone asks (this is currently being fucked up)

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u/Demiu Mar 04 '25

Trillions is fine. The monetary policy is inflationary, so various entities will find themselves with leftover dollars. Bonds give them a way to get some very safe yield on those dollars, creating a demand for them, while the government gets money to spend. It's a win-win. The problem comes when the government's need for money outpaces the market's apetite for bonds