Xi Jinping Playing Chess, Trump Playing Checkers

What the hell are you talking about? My position is not fringe and hasn't been for centuries!

 

OK. It simply doesn't exist in the real world. Sorry my mistake.

 

They’ve been waging a trade war with us for three decades. We haven’t bothered to fight back against being abused.

 

I have previously posted how it is estimated that cellphones sales would go down by 28 as a result of Trump's tariffs. Apple gets from around 50 to 60 percent of its revenue of cellphones. That would mean a loss of revenue of between 14 to 17 percent as a result of loss cell phone sales alone as a result of tariffs. That's not counting the losses from a drop in computer sales.

 

Somehow you think that's a winner?
US imports from China in first half - 219 billion
US imports from Canada - 158 billion
Mexico 179 Billion.
How's that trade deficit doing Donald?
I think Xi is playing with Trump's lost marbles.

 

So we have full employment and now we are going to bring back minimum wage jobs stuffing hair in Barbie Dolls. What jobs are you going to get rid of to supply the Barbie factory.

 

That's the same thing the democrats were thinking about him in the 2016 election. Kind of like a sharp pool hustler letting the mark think he owns the game, then kicking his ass.
Perhaps you didn't notice that he won his election with 1/3 the money, 1/3rd the staff- in a feat unprecedented in US history, while all the left and the smart-ass commentators were laughing at him and calling him a fool...Loved the agonizing looks on HRC when reality came knocking.

It's painful to find you were both outwitted and made a fool of yourself at the same time. The left hasn't quit whining and demanding a do-over yet.

 

I'll never understand why you folks are so proud of being duped by a clownish conman. Some people shyte their pants but they don't go around bragging about it.

 

Trump is used to the business world, where if he did not get his way, he would destroy the deal and his partners\contractors would cave cause they could not afford to play his game - Trump was born rich and he became a bully, it's what gives him pleasure, makes him feel powerful inside his own mind I guess - why so many of Trump's businesses failed

 

But you have to be able to see beyond the limits of the mindset you are in. Like a man living in the hole under the outhouse, your view of the world and people is hardly relevant to anything except where you are at mentally. There is a whole world out there, a reality you have probably never seen. Such a person sees no flowers, no sunshine, smells no sweetness, see no victory, no kindness or honor- life just stinks. I can only assume that posting hate here is your full time occupation as well as your hobby.

 

Wrong.
Trump inherited around $40M, built that into billions. Lottery winners for example come into perhaps $100M, and 70% wind u bankrupt. The difference in money management skills.
Trump has had 6 bankruptcies. However, he has about 600 business entities- so 1% have failed. Statistically, 50% of new businesses fail within 5 years. That would be 300 failures.
Business is a much greater challenge that the typical person like to believe- they think you just sit back and make profit. That is IGNORANCE on their part.

Damn right Trump plays hard-ball. He intends to win- and does. Apparently you want a nice guy/loser for president, who won't offend anyone, won't demand performance and accomplishment- tell you comfortable lies instead of uncomfortable truth. That's what you have had ever since Reagan left. That's why Trump won- too many people were tired of empty promises and botched performance.

Trump expects results- Deal with it.

 

God forbid someone hold up a mirror for you...... you go into spasms. Sorry for making you look.

 

My, my.........you're much more gullible than I thought.

New York investigates bombshell report that Donald Trump got $413 million from father, much from tax dodges
https://www.scmp.com/news/world/uni...d-trump-helped-parents-hide-money-tax-returns

The New York state tax department said it was investigating reports that US President Donald Trump helped his parents dodge millions of dollars in taxes and received far more money from his father’s real estate empire than he has claimed in the past.

Earlier, The New York Times said its own exhaustive probe of a vast trove of tax returns and confidential records showed Trump had engaged in suspect tax tactics, including “outright fraud” that greatly inflated the funds he received from his parents.
Trump Engaged in Suspect Tax Schemes
as He Reaped Riches From His Father
https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html

President Trump participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents, an investigation by The New York Times has found.

Mr. Trump won the presidency proclaiming himself a self-made billionaire, and he has long insisted that his father, the legendary New York City builder Fred C. Trump, provided almost no financial help.

But The Times’s investigation, based on a vast trove of confidential tax returns and financial records, reveals that Mr. Trump received the equivalent today of at least $413 million from his father’s real estate empire, starting when he was a toddler and continuing to this day.

 

But you believe everything you read or hear from the sources who have the same motivations you do- and ignore everything else.

According to multiple financial reports and NY news sources, Fred Trump's estate was valued between $350- $400 million max. He had 5 children- each got a cut. Do the math, if you can.

What you discard constitutes a huge pile of evidence- while you collect BS to re-enforce hate. Credibility..... Zero.

 

Got a link to your source of info?

 

Yep! Those are some very smelly diapers!!!!

 

Not only will Trump drag the US economy down, he will also drag the EU economy down as well. Recall that Germany is the economic engine of the EU. The US and China are Germany's largest and third largest export markets. Therefore the economic downturn as a result of tariffs in the US and China will cause a contraction in the German economy and therefore the EU as well.

Way to go Trump. Its amazing that there are people actually trying to justify this insane nonsense.

 

Recall that the economies of Germany, Italy, and Greece have already been struggling. With Brexit on the horizon, the economies of the UK and Ireland will likely struggle as well. Trumps tariffs will just add to the misery and throw the EU into economic depression.

 

With all your research hunting trash, we know you found the answer to that already, and are just yanking the chain here.

The exact amount of inheritance is not public, which is why the assumptions and estimates are all over the place. One thing for sure- the inheritance could not exceed Fred Trump's wealth, and that would be net worth less taxes or other obligations at death. There are many estimates of what that is- I've never seen one that exceeded $400M that came from any credible source. Trump was one of 5 surviving siblings. The eldest, Fred Jr, died before his father.

WIKIPEDIA:
Fred and his wife were given an apartment on the 63rd (in reality the 55th)[72] floor of their son's Trump Tower, which they rarely used.[73] The couple remained together until Fred's death.[74] He suffered from Alzheimer's disease for the last six years of his life,[2] and finally fell ill with pneumonia in June 1999. He was admitted to Long Island Jewish Medical Center in New Hyde Park, where he died at age 93 on June 25.[75] Trump's estate was estimated by his family at $250 million to $300 million.[2] His funeral was held at the Marble Collegiate Church[75] and his body is interred at Lutheran All Faiths Cemetery in Middle Village, Queens.[76] His widow, Mary, died the following summer, on August 7, 2000, in New Hyde Park, New York, at age 88.

 

What specifically did I get wrong? You didn't say.

That happened on Tuesday. This past week has been extremely volatile because of Trump's trade war. The Dow ended up at 26,287. On July 1, the Dow stood at 26,600. https://finance.yahoo.com/news/stock-market-news-jul-1-133001679.html

You really have no idea what you are talking about, do you?

 

That was nearly three years ago. This is what is happening now.

I will make this as simple as I can. It is 4th grade math.

An IRA has $100,000 dollars in it. Because of Trump's tariffs the account loses $5,000 just as you lost money in your savings plan last week and yesterday if your account is in stocks. Anyway, so now the account is down to $95,000. Follow me so far?

Due to market changes, at some point the account gains $5,000. So now the account is back up to $100,000. So, the account didn't lose money. Right?

WRONG! If the account had not lost the money in the first place, when market changes caused it to gain $5,000, the account would have $105,000 in it, not $100,000. The $5,000 lost principle because of Trump is permanent.

Sorry about that. I mean it. I lost, too, but I'm mostly in bonds. Too old to gamble.

Now I know what some are going to say. Some are going to say that is ridiculous or something similar. But they won't be able to tell me why the 4th grade math is ridiculous or something similar.

 

Another point that should be made is that when apparel and electronics retailers have to raise prices on their goods that come from China, the causes a rise in prices on goods that are not made in China.

 

This time Trump's tariffs will impact consumer products like shoes, computers, and cell phones. His previous tariffs didn't.

Trump's tariffs causes inflation. Inflation causes less demand. Less demand causes loss of employment. Econ 101.

Trump skipped that class.

 

Right, it happened on Tuesday, and the devaluation that you posted about happened on Monday. So basically, China folded almost immediately.