Not a crazy thing to say if you don‘t particularly like the USA which I have to assume he doesn‘t.
If you live in the US and are not wealthy, stock up on rice, beans, lentils, and spices now. As much as you can reasonably afford. You will be glad you did.
Don’t forget mouse traps and other ways of keeping them safe from vermin.
And then later, catching and eating the vermin.
Ah fuck, I just threw a dead mouse away a couple weeks ago. I’m gonna be kicked out of the community for wasting food soon. 3 people could’ve ate with that.
Build a garden box or two if you can afford it. Stupid easy to build and they can be fun.
Domestically produced food shouldn’t go up that much.
When all of the regulations go out the window, affordable or not, food quality is going to slide into the dumpster.
Quality maybe but there’s no reason domestically produced food should go up a lot. The fact that China refused tons of pork and soy beans imports from America means there will be a glut and that means terrible finances for farmers but hardly expensive food.
You think grocers will pass the savings on?
I’ve already seen prices go up considerably at basically any grocery store I’ve been at. Capitalists will continue to increase the prices regardless.
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If your competition cost more then you can raise your prices too!
Most food in the US is domestically produced, so no. The US is a huge exporter of food outside of specialty goods and tropical things.
You’re not giving capitalism enough credit. Corporations and businesses are not altruistic. If they can get away with slowly raising prices to increase profit margins, they will.
That’s a hell of a lot easier to actually achieve when you don’t have foreign produce acting as competition and consequently sanity-checking domestic prices. Foreign suppliers implicitly set a ceiling for how much a product can cost since the market would shift to using them if they became the cheaper option.
To make matters worse, tariffs are a very nice excuse for retailers to raise prices across the board using the excuse that “it costs us more to get it, so it has to cost you more to buy it.” If we’re lucky, they’ll raise foreign goods by the exact amount they’re paying more for them and only choose to raise domestic good prices (for profit) by only some fraction of that amount.
Either a bot or: Tell me you played sportsball in a small town highschool without telling me you played sportsball in a small town in highschool!
Whoever let gave you a passing grade in economics only did it so you could ahoot the game winning 3 point score.
Yes we know MAGAts black is white, up is down and the Orange Turd is a genius. We don’t don’t believe you.
Ignorance is strength, war is peace, freedom is slavery.
France is bacon.
I thought it was Chris P Bacon…
We had a 22 percent increase in domestic investment.
That’s good, it really is, but that in and of itself doesn’t mean much. Industrial production left the US for a reason. What’s changed? The cost of living has only gone up, especially housing, which means the cost of domestic labor is still going to be much higher than many other countries, so how do these US producers plan to turn this new capital investment into a profitable enterprise? How are they going to profitably produce quality goods that Americans can actually afford? Are they only going to make luxury goods for the highest income Americans? If so, who’s going to serve the middle and the bottom income levels?
It is precisely like when Russia’s currency tanked like a stricken submarine, which meant their PPP-adjusted GDP shot up the rankings and became one of the highest numbers in the world, which all the tankies promptly seized upon and used as an example of why the sanctions are actually helping Russia, by boosting its domestic economy, which is why everything is going great.
The sanctions on Oil and Gas certainly were helping Russia because they are lacklusterly enforced but drove up the global prices, benefiting Russia.
By half assing sanctions, the EU and US helped bankroll Russias war chest in 2022.
Thing is the article says the actual domestic investment growth was 9.8%, not 22%.
Maybe slave labor. Or possibly something that actively steals wealth. Like, buying out mortgages then telling families to triple up in the house to cover less food and higher rent. Basically whatever you can imagine that makes things worse for most of us is probably the plan.
If so, who’s going to serve the middle and the bottom income levels?
Certainly not the government!
who’s going to serve the middle and the bottom income levels?
And laughter ensued from the 1%
For the billionaires planning on buying everything up to finish Russiafying our Oligarchy it’s a great thing.
That’s because all bad news is fake news now, everybody deserves the freedom to choose their own truth! /s
I expect that Navarro will be needing to do a “high prices are good news” bit once stockpiled goods in warehouses in the US also run dry.
If Trump thought that this statement would be a political winner, I suspect that he’d be doing it himself, rather than having Navarro doing so. Right now, the only thing that Trump’s currently seeing net positives in the polls I’ve most-recently seen is his immigration policy. Not on the economy.
Peter Navarro is a quak
So is Ron Vera.
Blyat!
Yeah good news for his boss Putin the rest of the world not so much.
And the sky is orange…
The moment you realize you’re getting a golden shower from Trump who didn’t drink enough water.
Hmm you should probably head to your basement if you have one if that’s the case lolol
