The Official Politics Thread (enter at your own risk)

[Come On You Irons]

There. Resident WHO political commentators and gurus can knock yourselves out in here and conduct your endless bickering. All other threads will be locked.

[Nutsin]

If Trump follows through on his threat of lobbing Bombs at Iran you can expect to see gold prices go Up even more.

Something to keep an eye on.

[Nutsin]

Price of gold has been going up for some time, in part driven by the negative view of the global economy. Like bonds its a safe haven to go to when you are expecting a recession.

The EU does have tariffs, but i dont remember them being landed in such a manner and in such a short space of time.

The one thing people agree on is the inflationary impact of tariffs, so don't bank on the interest rates on that debt falling much.

What people agree on it, the left wing propagandists? How about the EU remove their Tariffs? They do that then there is no increase. Or build their cars in the USA again no Tariffs.

Think you need to stop listening to all that left wing fearmongering nonsense you are being fed, it’s costing you money.

I trade Gold, Silver, Platinum and Palladium bullion, I have done for years, I have over $26 million AUM. Believe me I’ve forgotten more about the gold market than you know.
Yea, Gold is a hedge against inflation, fiat currency (cash) and other asset classes, and a safe haven play against economic and geo political uncertainty, but a lot of its rise has been due to inflation and our national debt
in the USA. This current fear mongering over Tariffs will soon pass once the markets adjust to the new economy.

In Europe you want to keep an eye on the London fix, you’ll see short term volatility but that also has the threat of the war with Russia escalating too, not just Tariffs. Although the EU has been taking the piss out of the US for. Long time and by a huge amount so you will go have a lot more to lose, which is why they will cave and reduce the Tariffs they currently have against the USA.

Personally I think Trump see’s the EU as far too left wing and will continue to apply the pressure to force political change. I could be wrong but I could be right.

You also want to keep an eye on the Forex and watch the  Dollar/Euro and the Dollar Yen trade.

Left wing propagandists like the Muslim economist you said you listened to?

thanks for the sage advice but I think I’ll stick to what’s served me well thanks all the same.

I e been telling people to hold gold and silver bullion in their portfolio since Gold was trading at $400 per ounce. If you’re an investor you take delivery and sit on it.
Palladium too is one worth holding.
If you’re a trader you always pay attention to the fundamentals but trade the technicals. In a bull market for a position trader you watch the 4, 9 and 18 day exponential moving averages.  I am not a day trader.

You can trade the bullion market you can trade over 23 hours per day on Globex. or you can always trade the GLD ETF or SLV ETF. Gold and silver mining stocks are another way to trade the market although you are not only trading the spot price you are trading the management of the mining co, Sliver Wheaton I like to keep an eye on and the Gold to silver ratio too. Newmont is also one I like to watch.

You should always pull and look at a long term chart before investing as well as the candlesticks.

MACD  and the RSI is also what I look at for any buying or selling opportunity. Learn how to read a chart and you’re a half way there.

Fibonacci retracement levels, Gann lines and the Elliot wave theory are all something  you want to get your head around.
Moving averages too.

Or you could just rely on what Politico and the BBC feed you. 

[SurfaceAgentX2Zero]

are there any historical examples of this level of tariff working?

If they haven't worked the EU has been wasting its time for the past 60 odd years. Which is kind of Trump's point.

[goose]

Price of gold has been going up for some time, in part driven by the negative view of the global economy. Like bonds its a safe haven to go to when you are expecting a recession.

The EU does have tariffs, but i dont remember them being landed in such a manner and in such a short space of time.

The one thing people agree on is the inflationary impact of tariffs, so don't bank on the interest rates on that debt falling much.

What people agree on it, the left wing propagandists? How about the EU remove their Tariffs? They do that then there is no increase. Or build their cars in the USA again no Tariffs.

Think you need to stop listening to all that left wing fearmongering nonsense you are being fed, it’s costing you money.

I trade Gold, Silver, Platinum and Palladium bullion, I have done for years, I have over $26 million AUM. Believe me I’ve forgotten more about the gold market than you know.
Yea, Gold is a hedge against inflation, fiat currency (cash) and other asset classes, and a safe haven play against economic and geo political uncertainty, but a lot of its rise has been due to inflation and our national debt
in the USA. This current fear mongering over Tariffs will soon pass once the markets adjust to the new economy.

In Europe you want to keep an eye on the London fix, you’ll see short term volatility but that also has the threat of the war with Russia escalating too, not just Tariffs. Although the EU has been taking the piss out of the US for. Long time and by a huge amount so you will go have a lot more to lose, which is why they will cave and reduce the Tariffs they currently have against the USA.

Personally I think Trump see’s the EU as far too left wing and will continue to apply the pressure to force political change. I could be wrong but I could be right.

You also want to keep an eye on the Forex and watch the  Dollar/Euro and the Dollar Yen trade.

Left wing propagandists like the Muslim economist you said you listened to?

thanks for the sage advice but I think I’ll stick to what’s served me well thanks all the same.

[Nutsin]

Price of gold has been going up for some time, in part driven by the negative view of the global economy. Like bonds its a safe haven to go to when you are expecting a recession.

The EU does have tariffs, but i dont remember them being landed in such a manner and in such a short space of time.

The one thing people agree on is the inflationary impact of tariffs, so don't bank on the interest rates on that debt falling much.

What people agree on it, the left wing propagandists? How about the EU remove their Tariffs? They do that then there is no increase. Or build their cars in the USA again no Tariffs.

Think you need to stop listening to all that left wing fearmongering nonsense you are being fed, it’s costing you money.

I trade Gold, Silver, Platinum and Palladium bullion, I have done for years, I have over $26 million AUM. Believe me I’ve forgotten more about the gold market than you know.
Yea, Gold is a hedge against inflation, fiat currency (cash) and other asset classes, and a safe haven play against economic and geo political uncertainty, but a lot of its rise has been due to inflation and our national debt
in the USA. This current fear mongering over Tariffs will soon pass once the markets adjust to the new economy.

In Europe you want to keep an eye on the London fix, you’ll see short term volatility but that also has the threat of the war with Russia escalating too, not just Tariffs. Although the EU has been taking the piss out of the US for. Long time and by a huge amount so you will go have a lot more to lose, which is why they will cave and reduce the Tariffs they currently have against the USA.

Personally I think Trump see’s the EU as far too left wing and will continue to apply the pressure to force political change. I could be wrong but I could be right.

You also want to keep an eye on the Forex and watch the  Dollar/Euro and the Dollar Yen trade.

[goose]

Price of gold has been going up for some time, in part driven by the negative view of the global economy. Like bonds its a safe haven to go to when you are expecting a recession.

The EU does have tariffs, but i dont remember them being landed in such a manner and in such a short space of time.

The one thing people agree on is the inflationary impact of tariffs, so don't bank on the interest rates on that debt falling much.

[Nutsin]

Here are some charts on gold from Kitco. As you will see Gold has been rallying for a long time before Trump won the election. 

https://www.kitco.com/charts/gold

 

[Nutsin]

Bond prices and the price of gold are screaming 'recession' so lets see if Mr Trump does indeed make you richer.

The tariffs can play out a couple of ways:
- demand stays constant but the tariff gets passed onto the consumer. 'tax' revenue goes up but so does inflation as the cost gets passed through into retail prices.

 - demand drops off, 'tax' revenue goes down. depending on the product that demand is replaced by US goods or the demand goes out of the system.

if you take cars as an example, foreign car prices go up so do US consumers buy a US car or just hold off buying a new car for longer?

time will tell.
are there any historical examples of this level of tariff working?

XAU is down today. Could be a case of buy the Rumour and sell the news. Probably profit taking. Gold has been going up for some time. Consumer spending is a big part of the US economy so tax cuts will be a help. 
you missed the option where these countries that are the ones that have Tariffs against the USA will remove their Tariffs. 

is there an example of Tariffs working sure there is, they’ve been working great for the EU for years.

Israel have already removed all Tariffs, Canada now wants to remove their Tariffs. Expect more to follow. We are also seeing companies move their manufacturing back into the USA so they don’t get hit with the Tariffs which brings good paying jobs and therefor increases the GDP. The USA had a 1.4 trillion trade deficit in 2024, so we were already losing, this goes a long way to fixing that. It will actually increase spending, and bring more Jobs. There will be winners and losers of course but US will be a big winner here, EU not so much.

Good pa

[Nutsin]

My shares were doing okay up to when Trump started to talk about tariffs. They reached £3.60 a share now they are £2.47, Fucking useless fat orange cսnt.

 

 

We all knew this was coming, perhaps you should have positioned your portfolio better before April 2nd?
moved into cash for example. Saying that you missed a trade, not the end of the world, it’ll come back.

[goose]

Bond prices and the price of gold are screaming 'recession' so lets see if Mr Trump does indeed make you richer.

The tariffs can play out a couple of ways:
- demand stays constant but the tariff gets passed onto the consumer. 'tax' revenue goes up but so does inflation as the cost gets passed through into retail prices.

 - demand drops off, 'tax' revenue goes down. depending on the product that demand is replaced by US goods or the demand goes out of the system.

if you take cars as an example, foreign car prices go up so do US consumers buy a US car or just hold off buying a new car for longer?

time will tell.
are there any historical examples of this level of tariff working?

[Pi Alpha Nu]

My shares were doing okay up to when Trump started to talk about tariffs. They reached £3.60 a share now they are £2.47, Fucking useless fat orange cսnt.

[Nutsin]

Let's see how the markets - especially the bond market - reacts to 'liberation day'.

Now is not the time to be trading with leverage, fully paid only. The VIX is up as expected, but a good opportunity to short if you want to make a quick buck.
Remember to Dollar cost average your way in to any position.
10 yr T Bill is down, which is good for long term interest rates. A sign of money moving out of equities and into Bonds. Lower yields means bond values go up. 
The big winner here and what makes this volatility such a big win for the USA is the Gov’t has to re-issue 9 Trillion in existing debt this year most has to be re-issued by June, lower yields means less interest being paid on our debt saving the Treasury a fist full of Dollars, in turn reducing the cost to carry our debt. 
Coupled with all this Tariff money we will see our budget deficit reduce another big win for our debt. 

Add to that the tax breaks Trump is preparing in his new bill, which will spur growth and increase our GDP too. Finally we have a President looking to do something with the runaway debt, which will help reduce inflation.

Talking about inflation I see oil prices are down Again. Another win for the fight against inflation.

Dow is down big, some big buying opportunities to be had. Although I’d be hesitant to buy any Auto stock especially European.

Trump bringing manufacturing back means the end  of supply chain issues that drove up inflation over here. And removes National Security issues now we will not be at the mercy of China for our medicine and our steel and aluminum etc: All American military equipment including our ships will be made with U S steel.

Trump’s turning everything on its head which will ultimately rebuild the middle class and reduce the big divide of the have’s and have not’s. A divide widened by Central banks constant interventions in the market place.


Then there is less immigration, Border crossings have all but disappeared, Illegals leaving (self deporting) as well as being deported will be good for wage growth. So legal ethnic workers, can expect to see some much better paying jobs all across the USA, 

Trump really is making the American worker wealthy again.

It’s a long term strategy that will pretty much quash the Dem party for years to come. Any market volatility is temporary. So take advantage of it.

Nice to have a President with Ideas and a plan. Beats sleepy Joe the man who didn’t have a clue and who the liberal propaganda networks are now admitting covered up just how much of a vegetable he was. Tell me why do you still pay section to these networks that constantly lie to you? Of course these liberal networks will be fear mongering and the usual fuckwits will hang on every word they report as if it matters. The only ones long in fear are those on the left because Trump is about to destroy their divisive narrative once and for all, just a matter of time!

MAGA!

[Sydney_Iron]

 

Sydney, Trumps Tarrifs are in response to Australias non trade barriers. Not reciprocal Tarrifs. Get it right ffs! Which is why it’s only a10% Tarrif. If we want free and fair trade remove the barriers or pay the Tarrifs. Let’s see what happens.

I have a funny feeling Australia will start to practice free and fair trade like it’s suppose to be and remove their unfair barriers. Not sure why you think Australia has the higher ground here, they’re the ones currently practicing protectionism. 

Well we will see what happens! Aussie PM when interviewed was adamant the ban is for bio security measures and until the experts say imported Beef is safe, we won't be accepting any, granted those experts are overly cautious IMO, but that's who the Australian government use for such measures.  

Apparently Australian beef fills the shortfall in demand for beef in the USA, local produces can't meet demand, so looks like it will be the American consumer who has to pay 10%, Australia also had a big spat with China a couple of years ago (ironically for the AUKUS deal and buying nuclear Subs from the USA) so that market dropped off as they came up with BS as to not buying Aussie agricultural products, but now it seems China (and the EU) is open to resuming more Beef imports! i wonder why????

This from a top Aussie official!'

While the US is our biggest market for beef, predominantly what goes in there is trimmed. They take our lean frozen trim and mix it with their fresh fatty trim to make their beef patties for their beloved hamburgers.

'No other country is capable of supplying the lean trim that Australia is so they're going to continue to import it and the 10 per cent tariff will be passed on to the US consumer.'

[goose]

Let's see how the markets - especially the bond market - reacts to 'liberation day'.

[Monsieur merde de cheval]

I see the clown show has begun. Took a little longer than I thought but the pisshead Pete Hogbreath is way out of his depth. How the fuck can you not check who was on the chat group . Laughable incompetence. And then peppering the chat with these emojis after the bombing . Schoolboy stuff. Fuck Trump and his merry band of cretins.

Lives rent free in your nut  doesn't he 
Glorious .

[Monsieur merde de cheval]

I'm gonna smash the gangs 

[Nutsin]

Think Trump got his wires or advise wrong when it comes to Australia, singled out Australian Beef and Australian government banning USA imports when he was doing his Tarriff pitch, not sure if he realized or his advisors didn't tell him or not, but Australia doesn't impose ANY Tariffs on American goods, so kind of makes the reciprocal tariff statement look stupid

Australia has the world's strictest bio security laws, and currently ALL beef products, from ALL countries are banned from being imported into Australia, it has nothing to do with Tariffs and to do with keeping Australia free from many diseases including the mad cow one which we don't have a problem with.

Silly Orange cսnt

Not against his Tariffs if reciprocal, seems some countries have been taking the piss so can see the logic! 

Sydney, Trumps Tarrifs are in response to Australias non trade barriers. Not reciprocal Tarrifs. Get it right ffs! Which is why it’s only a10% Tarrif. If we want free and fair trade remove the barriers or pay the Tarrifs. Let’s see what happens.

I have a funny feeling Australia will start to practice free and fair trade like it’s suppose to be and remove their unfair barriers. Not sure why you think Australia has the higher ground here, they’re the ones currently practicing protectionism. 

[Sydney_Iron]

Think Trump got his wires or advise wrong when it comes to Australia, singled out Australian Beef and Australian government banning USA imports when he was doing his Tarriff pitch, not sure if he realized or his advisors didn't tell him or not, but Australia doesn't impose ANY Tariffs on American goods, so kind of makes the reciprocal tariff statement look stupid

Australia has the world's strictest bio security laws, and currently ALL beef products, from ALL countries are banned from being imported into Australia, it has nothing to do with Tariffs and to do with keeping Australia free from many diseases including the mad cow one which we don't have a problem with.

Silly Orange cսnt

Not against his Tariffs if reciprocal, seems some countries have been taking the piss so can see the logic! 

[Nutsin]

Yeh you can. 

The tax payer despises people who get handouts and do nothing. The mooch moans about tax rates and uses them as an excuse not to work.

I pay the top end tax rate in this country, how about you?

I pay top end too. Which is why I’m a Republican.

You sure you pay top end? I think you’re lying again.

I honestly couldn’t care less if you believe me or not. 

Being a republican has nothing to do with what tax band you’re in.

Getting back to the point, this country has something fundamentally wrong in its society. People are happy not to work and seem to think that they deserve nice things so they nick them instead of working for them. 

As I said they think it’s all one big hand out. I blame the politicians. If you think society is fucked up now, wait till the handouts have to stop and inflation really kicks in. They’ll be stealing everything in sight. 

What a shame and what a mess!

Although I’m sure they’ll want to tax the rich some more until there’s nothing left.

[goose]

“But a large chunk of society don’t fancy working hard” LOL!

I find You can always tell the mooch from the tax payer when it comes to discussing taxation.

Yeh you can. 

The tax payer despises people who get handouts and do nothing. The mooch moans about tax rates and uses them as an excuse not to work.

I pay the top end tax rate in this country, how about you?

I pay top end too. Which is why I’m a Republican.

You sure you pay top end? I think you’re lying again.

I honestly couldn’t care less if you believe me or not. 

Being a republican has nothing to do with what tax band you’re in.

Getting back to the point, this country has something fundamentally wrong in its society. People are happy not to work and seem to think that they deserve nice things so they nick them instead of working for them. 

[Nutsin]

Maybe you could get a 6 year old to explain how to calculate income tax & NI as well while you’re there as you seem incapable.

not one person ever decided against being ambitious because of the top rate of income tax. 

If you work hard you often do get somewhere, but a large chunk of society don’t fancy working hard.

“But a large chunk of society don’t fancy working hard” LOL!

I find You can always tell the mooch from the tax payer when it comes to discussing taxation.

Yeh you can. 

The tax payer despises people who get handouts and do nothing. The mooch moans about tax rates and uses them as an excuse not to work.

I pay the top end tax rate in this country, how about you?

I pay top end too. Which is why I’m a Republican.

You sure you pay top end? I think you’re lying again.

[goose]

Never said they would.

allow me to explain it to you like I’m talking to a 6 year old.

My point is the kids today see no opportunity to better themselves. All they see is handouts, no incentives to work, what’s the point? Work your ass off to get nowhere.

Heavy taxation kills ambition and the entrepreneurial spirit.

Hope that helps!

Maybe you could get a 6 year old to explain how to calculate income tax & NI as well while you’re there as you seem incapable.

not one person ever decided against being ambitious because of the top rate of income tax. 

If you work hard you often do get somewhere, but a large chunk of society don’t fancy working hard.

“But a large chunk of society don’t fancy working hard” LOL!

I find You can always tell the mooch from the tax payer when it comes to discussing taxation.

Yeh you can. 

The tax payer despises people who get handouts and do nothing. The mooch moans about tax rates and uses them as an excuse not to work.

I pay the top end tax rate in this country, how about you?

[Nutsin]

 

I don’t think anyone on 150k is considering giving it up to claim benefits and start shop lifting.

Never said they would.

allow me to explain it to you like I’m talking to a 6 year old.

My point is the kids today see no opportunity to better themselves. All they see is handouts, no incentives to work, what’s the point? Work your ass off to get nowhere.

Heavy taxation kills ambition and the entrepreneurial spirit.

Hope that helps!

Maybe you could get a 6 year old to explain how to calculate income tax & NI as well while you’re there as you seem incapable.

not one person ever decided against being ambitious because of the top rate of income tax. 

If you work hard you often do get somewhere, but a large chunk of society don’t fancy working hard.

“But a large chunk of society don’t fancy working hard” LOL!

I find You can always tell the mooch from the tax payer when it comes to discussing taxation.

[goose]

You make 150k per year you are paying 45% income tax and 2% N I contributions. So 47%, So you clear 79,500 LOL.
Fuck that!
Not quite over 50% but pretty close. Then if you want to buy a home because you work hard and are considered successful only to get hit with Property tax. Good eh!

 

I don’t think anyone on 150k is considering giving it up to claim benefits and start shop lifting.

Never said they would.

allow me to explain it to you like I’m talking to a 6 year old.

My point is the kids today see no opportunity to better themselves. All they see is handouts, no incentives to work, what’s the point? Work your ass off to get nowhere.

Heavy taxation kills ambition and the entrepreneurial spirit.

Hope that helps!

Maybe you could get a 6 year old to explain how to calculate income tax & NI as well while you’re there as you seem incapable.

not one person ever decided against being ambitious because of the top rate of income tax. 

If you work hard you often do get somewhere, but a large chunk of society don’t fancy working hard.

[Nutsin]

Don't be silly.
"most" of what you earn isn't taken from you at all.

and not working or shoplifting just makes the situation worse for everyone.

You make 150k per year you are paying 45% income tax and 2% N I contributions. So 47%, So you clear 79,500 LOL.
Fuck that!
Not quite over 50% but pretty close. Then if you want to buy a home because you work hard and are considered successful only to get hit with Property tax. Good eh!

 

I don’t think anyone on 150k is considering giving it up to claim benefits and start shop lifting.

Never said they would.

allow me to explain it to you like I’m talking to a 6 year old.

My point is the kids today see no opportunity to better themselves. All they see is handouts, no incentives to work, what’s the point? Work your ass off to get nowhere.

Heavy taxation kills ambition and the entrepreneurial spirit.

Hope that helps!