Since the Chinese are coming – more finely, Chinese EVs are coming – some are arguing for an American “industrial policy” that would include resurrecting federal tax credits and other such subsidy mechanisms to prop up the sales of American EVs, which are already in freefall (even before the inevitable influx of cheap, Chinese-made EVs).
The chickens are, as they say, coming home to roost.
Back in the ’90s, the decision was taken to grow the Chinese economy by transferring the U.S. economy to China. More finely, to transfer the productive manufacturing economy to China. Americans were told they’d get cheaper stuff in return – and they did. What they were not told is how much it would cost them. Fast forward thirty years and Chyna is now a manufacturing powerhouse. It is not Communist, either – other than in name only. It is corporatist – state and corporate power fused as one. It is the new business – for the world.
Chinese EVs are cheap – relative to the cost of EVs made elsewhere – because the Chinese state subsidizes the manufacturing of EVs and also the powering of them, via state-supported infrastructure. That is the business model that some urge be adopted here and they have already gotten their wish because to some extent it already is the business model. The only reason there are any EVs for sale in this country is because the state effectively demanded their manufacture and protected their manufacture – just as has been done in China, only to an incomplete extent. Which is why the initial push has failed. In the United States, people were still allowed to not buy EVs – and that’s what 92 percent of them didn’t do.
EVs never achieved higher than a roughly eight percent “market” share – and almost all of that was concentrated in deeply blue urban hive areas, such as Los Angeles, San Diego, San Francisco and Washington, DC. Much of that was propped up by the $7,500 federal tax credit that was available to affluent people – you had to have paid a certain (large) sum in taxes to be eligible for the credit – and when that credit was rescinded, the EV “market” cratered. It is now less than 5 percent. Lucid – one of the highest-end EV “start ups” – is about to go belly up. Scout – VW’s EV subsidiary – is likely to go belly up. Rivian continues to lose money. Ford and GM have lost enormous sums of money. Nissan is cancelling several devices it had planned to offer in the U.S. on account of their being no market for them. Not even Brie Larsen could sell the Ariya – an EV with a name that sounds like the war-cry of the Ewoks from Star Wars.
So now the cry is for the return of the $7,500 tax credit – and more – to stave off the Chinese EVs. This argument assumes, of course, that there actually is a market for them. It’s a false assumption. Why would Americans be any more interested in cheap Chinese EVs given they impose the same time-cost as the more expensive EVs more than 90 percent of them have already decided not to buy? Certainly, the buy-in cost is a factor. But it is not the only factor. If it were, then Nissan would be making fat stacks – as Jesse from Breaking Bad used to say – selling the Leaf, which is relatively cheap as far as EVs go. The problem is it does not go very far – and it takes very long (relative to vehicles with gas tanks) to get it going again. There are probably never going to be more than eight percent of Americans who are willing to buy into having to spend even 15 minutes twice a week waiting for a charge – and never mind the actual (real-world) hour-plus wait to get a full charge.
In Chyna, the masses don’t have much choice about that. The option to not drive an EV has been (effectively) removed by the state, which also controls the electricity (and access to it) that powers the EVs. Also in Chyna, you are controlled – via the EV, which is a scaled up electronic device very similar to a smartphone. Which – in Chyna – is used to control pretty much everything. When you want to buy something, you scan the app and (of course) you are scanned in return. If the system decides you’re unworthy of being allowed to buy, then the system does not allow you to buy. Just the same, EVs are used to control whether, how and when you are allowed to drive.
That is what the corporatists want here, too. Since they failed the first go ’round, they are trying again. You may have noticed the rising cost of gas due to Trump’s stupid, evil war – which may be simply evil rather than stupid. Use Occam’s Razor. Why would Trump want to destroy not just his own approval ratings but the electoral prospects of his party? Could it be that he was selected to finish the job he started back in 2020 when he ensured the selection of Joe Biden? Sure, he tossed a sardine to the seals in the form of the ending of the federal $7,500 tax credit and the dialing back of CAFE compliance fines and the CO2 “emissions” folderol. It may have given some reason to believe fundamental change was happening.
And it is – just not in the way people believed it would happen.
The easiest way to reboot the EV transition – and the attendant industrial (and social) policy is to render the alternative – gasoline and diesel – expensive and scarce. Then we can transition to a China-emulating corporatist system, which we’ve already mostly got anyhow.
. . .
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“In Chyna, the masses don’t have much choice about that. The option to not drive an EV has been (effectively) removed by the state, which also controls the electricity (and access to it) that powers the EVs. Also in Chyna, you are controlled – via the EV, which is a scaled up electronic device very similar to a smartphone. Which – in Chyna – is used to control pretty much everything. When you want to buy something, you scan the app and (of course) you are scanned in return. If the system decides you’re unworthy of being allowed to buy, then the system does not allow you to buy. Just the same, EVs are used to control whether, how and when you are allowed to drive.”
Unfortunately, none of this is actually true. But it does buy into the anti-Chinese tropes westerners are encouraged to adopt as part of the Empire’s ongoing wars and war plans.
Really? Then what do you say about this? https://knowyourmeme.com/memes/events/chinas-social-credit-system-15-social-credit
It’s bullshit. I live in China and have for 15 years. The link contains no credible sources for its claims.
Some examples: in the city I live in, EV and hybrid cars have green license plates, ICE cars blue. Green plates are about 15-20% by eyeball estimate. Car dealers here have plenty of ICE vehicles on their lots (let me know if you want photos). Pay-by-phone is quite common, but I still use cash, which no one refuses. I’ve lived in Beijing, Shanghai, Nanjing and other cities and have asked natives repeatedly everywhere about this so-called social credit score system – no one knows what I’m talking about, including my Chinese wife.
It astonishes me how willing Americans (and westerners) are to gulp wholesale the demonization of other peoples and nations according to the MSM narrative. The war machine needs an external enemy, and as Goebbels taught the world, it’s easy to get the people to go along.
To be sure, China is an economic threat but not a military one. China starts no wars, builds no foreign military bases, does not threaten US or anyone else’s sovereignty through sanctions and tariffs except in response to attacks (much like Iran). It builds trade routes, factories, railroads, freeways, bridges and (too much, tbh) new housing. It has its own internal problems, and political freedom is abridged but this does not actually affect ordinary citizens much. There is no property tax, income tax is low, and it’s ridiculously easy and cheap to start a small business. The oppressive regulatory nanny-state is mostly absent at the level of ordinary people.
Feel free to visit my substack and learn more about the real China – here’s a post you might find entertaining, complete with video:
https://thesubwayphilosopher.substack.com/p/a-chinese-police-chase
I don’t know what the situation is now, but in the recent past, if you wanted to buy and drive and ICEV in China, you had to pay about $15K to get the plates; that accounted for the price difference between EVs and ICEVs in China. So yeah, you could buy an ICEV in China, but it would cost you dearly to do so.
True, but times change, each city and province establishes its own rules and protocols. Cheap small EVs are available in MyTown now for a few thousand US bucks. Plate and insurance costs can be high depending on local policy.
I don’t own a vehicle because it would sit idle 90% of the time – the taxi charge to travel anywhere in this city of a million people is less than two bucks.
Eric, wife and I have a spare bedroom and we offer it to you and your partner for a visit. Nothing like seeing for yourself what is real and what isn’t. C’mon over, spend a week or two here, enjoy the local culture, amazing food, relaxed atmosphere. China ain’t Chyna, although it’s far from utopia, like everywhere. Pretty sure we’d get along famously.
Hi tsp,
That’s very kind – and I would take you up on it, except I do not have REAL ID and I refuse to play Security Kabuki. My tolerance for the TSA is nil. I might end up going to jail. I almost did the last time I flew commercially.
I hear you. Same reason I haven’t been back in a decade.
The funniest thing the Chinese could do is to design their EVs so they are relatively easy to convert to internal combustion with some sort of modular powerpack design, and let nature take its course.
“The easiest way to reboot the EV transition – and the attendant industrial (and social) policy is to render the alternative – gasoline and diesel – expensive and scarce.”
Which they have. We’re not regretting the purchase of our Chevy Bolt one bit as of yet.
Speaking of which, I had to pass a truck hauling an Airstream the other day on a nearby 2-lane highway, and *holy shit!*. I punched the accelerator like I would my Ranger, and that was wholly unnecessary. It was like being shot out of a cannon. Left that Airstream in the rear-view in about 1 second.
Maybe I will become accustomed to and bored by the “anodyne experience” as Eric might call it, but I’ve never had anything that can accelerate like that.
Countless people.. will hate the New World Order.. and will die protesting against it.
We have to bear in mind the distress of a generation or so of malcontents. (That’s us)
~H.G. Wells
AI: “As of the end of 2024, China had over 11 million electric cars (BATTERY electric vehicles and plug-in HYBRIDS) registered, with the country accounting for over 70% of global electric car production and a dominant portion of sales. By April 2026, over 50% of new car sales in China were electric.” (IEA INT’L ENERGY AGENCY) OR “As of late 2025/early 2026, China has over 300 million total civil automobiles, with gasoline-powered vehicles still comprising the vast majority of the fleet despite a rapid shift to electric vehicles (EVs). While New Energy Vehicles (NEVs) reached ~44 million, the remaining ~322 million vehicles on the road are primarily gasoline, with over 200 million gasoline cars specifically on the road.” (Reddit/Ask China)
AI: “As of early 2026, the population of China is approximately 1.41 billion people.”
AI: “Market Domination: Although EVs are taking over new sales, roughly 20 million new gasoline cars are still sold annually in China.Excess Capacity: China’s factories have the capacity to produce an additional 30 million gasoline vehicles annually that the domestic market does not consume.Export Surge: Because of this overcapacity, China is exporting millions of gas-powered cars, with ~76% of their auto exports being fossil-fuel vehicles as of late 2025.”
AI: “As of late 2025/early 2026, roughly 17% of households in China own a passenger car. While over 323 million private vehicles were registered by 2025, high population density keeps the per-capita rate lower than Western nations, with ownership higher in urban areas compared to rural regions.” US: “As of late 2024–2025, there are approximately 297 to 299 million registered vehicles (including passenger cars, trucks, vans, and SUVs) in the United States. This translates to roughly one vehicle for every 1.2 to 1.3 people, with over 90% of U.S. households having access to at least one vehicle.”
One thing the talking heads never mention is the EVs make far more sense in China, where petroleum is in short supply and electricity is abundant. They have plenty of coal and hydro power but little to no domestic oil production. Also, it is much more densely populated than the US, so EVs make some actual sense in the Chinese context.
It is also interesting that there is a legitimate market for Chinese EVs in Europe as well as countries such as Mexico for people who are looking for a cheap get around town vehicle. US EVs are nothing more than an overlarge virtue signal and/or status symbol has no real market anywhere.
Apparently they are having some trouble with fires.
4/14/26
https://www.youtube.com/watch?v=4KqMcqVOh1c
I don’t think they use the same battery as US cars. @ around 7 is a video showing a car ejecting the battery (to prevent car blowing up and killing you) but announcer says ejecting battery could kill someone else (esp on the road).
https://www.youtube.com/watch?v=UWQ1THgkWig
AI: Chinese electric vehicle (EV) batteries are generally not the same as those commonly used in the U.S., as China leads in adopting cheaper, safer, and longer-lasting lithium iron phosphate (LFP) batteries. While China dominates with roughly 75%–80% of global supply, Chinese EVs mostly use cobalt-free LFP, whereas many US EVs still rely on costlier, nickel-based batteries.Key Differences Between Chinese and US Battery Tech (2026):Chemistry: Chinese EVs are largely pivoting to LFP and developing next-gen solid-state batteries. LFP batteries are cheaper and safer than the nickel-based systems still common in many US models.Performance: Chinese batteries excel in energy density and speed of development; China is releasing national standards for solid-state batteries promising 600+ mile ranges.Charging: Chinese and Japanese companies are jointly developing the ChaoJi charging plug, which can handle significantly higher power than the North American Charging Standard (NACS) used by Tesla.Cost: Chinese LFP batteries are roughly 30% cheaper per kilowatt-hour than nickel-based batteries used in the US.Battery Supply Chain Control:Despite the differences, American automakers often depend on Chinese battery giants like CATL and BYD. China’s dominance means they control 75%–80% of the global supply, making the US dependent on Chinese technology for its own EV growth.
5.6.26 The Chinese EV standard winning globally is banned in the U.S.By banning Chinese software, the U.S. risks isolating its automakers from the integrated systems, standards, and partnerships shaping the global electric vehicle market….On March 17, the U.S.banned any vehicle with Chinese software from its roads. Beginning with cars arriving at dealerships this July, every automaker selling in the U.S. must certify that its connected systems contain no Chinese-developed code….The divergence between Chinese and U.S. EVs is widest in batteries and charging, two areas where global standards are being set right now.
The world is moving toward lithium iron phosphate, the battery chemistry used by BYD and CATL. It is cheaper, safer, and lasts longer than the nickel-based batteries most U.S. automakers rely on. Beijing will release a national standard for solid-state batteries in July, the next generation of cells that promise ranges of 965 kilometers (over 600 miles).
Even something as basic as the charging plug has split three ways, with North America, Europe, and China each using a different one.
China and Japan are jointly developing a next-generation plug called ChaoJi that can handle almost four times the power of NACS, the North American charging standard that Tesla designed, according to the ChaoJi consortium. If ChaoJi is adopted globally, U.S. cars would be stuck charging on a slower, older system.
The gap in self-driving technology is growing also because these systems improve by collecting real-world driving data, and scale determines who learns fastest. China has roughly 2,300 self-driving taxis across 30 cities, while the U.S. has about 700 in five. The connected vehicles rule prevents Chinese systems from even being tested on U.S. roads….“Chinese partners are being used to close capability gaps in speed, software, electronics, and EV economics,” he said. “Once that happens, dependency is not just industrial. It becomes organizational and strategic.”
U.S. automakers are shut out of these partnerships because the same rules that keep Chinese cars off U.S. roads also block the technology collaborations that could help them keep pace. The USMCA, a trade agreement governing the movement of goods between the U.S., Mexico, and Canada, comes up for review on July 1, with tighter barriers expected.
Ford and Tesla have both promised affordable EVs for U.S. buyers without delivering. The challenge goes beyond trade barriers and will require a sustained effort to rebuild competitiveness, Ezell said.
“We need to step up our innovation game in autos here at home,” he said. “But that’s going to require a serious U.S. auto industry competitiveness policy.”
https://restofworld.org/2026/us-china-ev-tech-ban-isolation/
” Zero Tolerance On EV Fires. China’s strict safety regulations, which come into effect on July 1, 2026, establish a national rule that batteries can neither catch fire nor explode. Liu Hongsheng, director of the Standards Technology Department at the State Administration for Market Regulation, explained that automakers like BYD and battery companies like CATL will need to improve their cell structures and thermal management to avoid fires and other thermal incidents.
It’s unclear what enforcement mechanisms are included in these new standards, or what the penalties are if an EV does catch fire after the rules go into effect. Improving battery chemistry will almost certainly increase development costs, which could make China’s famously inexpensive EVs less affordable. China has even developed a new battery that ejects from the car, which would help if a fire occurs.
Another solution will be equipping EVs with advanced fire suppression systems that stop a fire before thermal runaway comes into effect. Designs for such systems have been in the works for several years, with numerous automakers, including Audi, detailing such sytems as far back as 2022.
https://carbuzz.com/china-legislation-ev-battery-fires-thing-of-past/
America has been a corporatist state since the 1930s. The problem is that for the past 40-50 years or so, industrial policy has been rigged not to benefit the white working class, but to benefit the global oligarchs (who are disproportionately small-hat wearers).
Say what you will about FDR’s assault on the Constitution, but the fact is that the New Deal and the military-industrial complex he created produced the highest standard of living in American history for the working class until about 1975 or so.
Not so much for the ultra-rich, though.
FDR was a corporatist, but he was also a nationalist. Jonah Goldberg was not wrong when he wrote in “Liberal Fascism” that FDR borrowed much from fascist economic policies.
Since the 1980s, the global (((capitalists))) have successfully escaped the shackles of American nationalism. But they have preserved corporatism as a way to loot formerly “American” industries by offshoring them to China and “paid” for it by running up the national debt to nearly $40 trillion.
There is no good way to fix this. It would require fifty years of nationalist, neo-fascist corporatism to reverse the damage that has been done. This was actually part of Trump’s appeal and part of his promise to “Make America Great Again.” He was unashamedly bigoted and jingoistic, which in many ways was off-putting (and the globalist elites hated him for that) but he promised to return industry to the U.S., eliminate cheap illegal immigrant labor, and rebuild the military.
Unfortunately he seems to have been completely co-opted by God’s Chosen People and by Wall Street oligarchs. We are more dependent upon Chinese shit than ever, more indebted than ever, inflation is raging, and we have a war for Israel that has made the economy less secure. Gas is $5+ and climbing. A recession is a near-certainty.
MAGA has failed, bigly.
“Say what you will about FDR’s assault on the Constitution, but the fact is that the New Deal and the military-industrial complex he created produced the highest standard of living in American history for the working class until about 1975 or so.”
Bombing most of the industrialized countries back to the stone age in WW2 helped more. Once those countries started to come back online America started to lose its edge. Real change will only happen at this point when everything falls apart or there is some huge shock to the system. The Soviets knew their economy was garbage and Marxism was a failure, but it was impossible to make any changes at that point. It just becomes too hard, and the changes needed are deemed too painful to make so the can is kicked down the road
“Bombing most of the industrialized countries back to the stone age in WW2 helped more.”
No doubt. Military imperialism was a crucial part of the FDR/New Deal/welfare/warfare state.
But a lot of working-class Americans benefited from it, unlike the contemporary ZOG imperialist warfare state, which benefits Israel, not Illinois (which, incidentally, is governed by an obese Jewish billionaire oligarch…)
“Christian and Jewish Zionists feed off each other. Neither would exist without the other. They feign admiration and support for each other. But in the end, they each plan to destroy the other.
It’s indescribably paradoxical.
Israeli Zionists believe and act out of an extreme ethos of ethno-supremacy. They genuinely believe that Gentiles (non-Israeli Jews—Jews being defined by race or religion) are subhuman; they are animals to either be slaughtered or used as slaves for the “chosen” race. In the end, this means they must destroy or enslave ALL Gentiles, including the Christian Zionists in Europe and America.
On the other hand, Christian Zionists believe and act out of an extremist interpretation of eschatological doctrine as taught by evangelical pre-millennial dispensationalists such as John Darby, Cyrus Scofield, Lewis Sperry Chafer, John Walvoord, Charles Ryrie, John MacArthur, Robert Jeffress, John Hagee, David Jeremiah, Greg Locke, Greg Laurie, et al.
According to the eschatological doctrines of these religious extremists, the Israeli state conceived in 1948 is a fulfillment of Biblical prophecy signaling the end of time and Christ’s Second Coming. They believe Zionist Israel to be God’s “chosen” people and, thus, they must be supported (especially militarily) to have God’s “blessing.”
But here is where it gets ethereal. The physical existence of the Zionist state is not enough. Israel must capture ALL the land mass that was once controlled by Old Testament Kings David and Solomon before Christ can return. The avant-garde euphemism for this territory is “Greater Israel.” It includes large chunks of land from Egypt, Jordan, Syria, Iraq, Saudi Arabia, even up to Southeast Turkey. Therefore, evangelical Christian Zionists are fanatically supporting Israel today in the attempted military conquests of these countries—including Iran, which is seen as a prophetic enemy of Israel—to fulfill their delusional fanaticism of Scofield futurism.
But there is more! And here is where it gets downright bizarre.
After all this mass murder, genocide, ethnic cleansing and land theft takes place, Christian Zionist evangelicals believe they will be “raptured” to Heaven ahead of Christ’s coming, because God won’t allow them to endure the carnage that’s to come. As with the Israeli Jews, Christian Zionists believe they have been granted a special “get-out-of-jail-free card” by God.
You see, before Christ returns, a political leader will appear on the world stage, who is identified as “the antichrist.” And what will he do? After ushering in a phony 3½ years of peace, he will launch an all-out war against, guess who? The Israeli Jews. And in this war, he will slaughter at least two-thirds of all the Israeli Jews on earth.
Then and only then, Christian Zionists say, Christ will return.
Are you following this?
The Jewish Zionists in Israel are using the moral and religious support of evangelical Christian Zionists; they are using the money, machinery, munitions, weapons of war, political cover and unyielding allegiance of the evangelical and political Gentile Zionists to help them achieve their goal of “Greater Israel” (predicated on racial superiority), but when that is finished and their “messiah” appears, what will happen? They will kill or enslave ALL the Gentiles—including the Christian Zionists, which necessitates Robert Jeffress, John Hagee, David Jeremiah, Greg Locke, Greg Laurie, et al.–who will NOT be “raptured.”
Alistair Crooke wasn’t kidding when he said the Israelis “don’t give a damn about America.”
But the evangelical Christian Zionists are likewise doing everything they can to facilitate the coming of “Antichrist” who will commit the largest genocidal holocaust in human history against the Israeli Jews.
Both Jewish and Christian Zionists are using their absurd, fanatical religious extremism to fight innumerable wars against innumerable enemies to bring about their imaginary dreams of apocalyptic messianic eschatology.
That’s why I said, Christian and Jewish Zionists feed off each other. Neither would exist without the other. They feign admiration and support for each other. But in the end, they each plan to destroy the other.
It would all be a harmless Hollywood horror movie except for the fact that it is a true-life drama playing out before our very eyes—all because America’s evangelical Christians have allowed themselves to be duped by C.I. Scofield and Dallas Theological Seminary (and the rest of the evangelical Bible colleges and seminaries) and have elected a Zionist puppet president and a pack of political prostitutes in both parties (bought and paid for by the Israeli lobby) to the U.S. Congress.
Fanatical messianic apocalyptic hysteria is driving both Christian and Jewish Zionism but for different reasons.
The good news is that millions of Americans—in and out of the church—have awakened to this devilish hoax and are standing loud and strong against it.
Who knows? Perhaps God Almighty will use the Zionist war against Iran to cause this religious fanaticism in both Israel and the United States to come crashing down.
I sincerely hope so. The world has had enough of these fanatics!”
© Chuck Baldwin
https://chuckbaldwinlive.com/Articles/tabid/109/ID/5025/The-World-Has-Had-Enough-Of-These-Fanatics.aspx
That’s a pretty thorough summary of Christian dispensationalists’ eschatology. Baldwin leaves off the 1000-year reign of Christ on Earth during which the faithful Jews will re-institute animal sacrifice — yet another bizarre belief incongruous with the main of the New Testament. But that omission doesn’t detract from his main point.
Then strangely, Baldwin asserts that in the end, Christian Zionists and Jewish Zionists each plan to destroy the other. What? That Jewish Zionists plan to destroy Christian Zionists — their duped useful idiots — is easy to believe, as they’ve been wrecking those Christians’ nations for over a century. But where is the evidence that Christian Zionists plan to destroy Jewish Zionists, whom they reverence and adore? I haven’t seen any such.
I still don’t get the cognitive dissonance of Zionist Jews wanting to bring about the second coming of Christ, since they already rejected Him the first time.
Zionist Jews do not want to bring about the second coming of Christ. The Zionist Jews’ Zionism does not concern Christ at all. It is all about promoting their Jewish state (their “homeland”) in the region of Palestine — advancing it, empowering it, expanding it, enriching it, and making it as exclusively Jewish as they can.
As Mises and Rothbard have previously lectured, one market intervention begets two or more ‘necessary’ interventions. And now here we are with the centrally controlled economy. I really don’t think there would be much of a problem if cheap ev’s were let into the country. There is a huge segment of society that cannot afford any of the cheapest vehicles currently available. I would like to see the industry be more competitive and have a wider range of offerings.
‘Americans were told they’d get cheaper stuff [from China] in return – and they did.’ — eric
A half-century of offshoring manufacturing cannot be reversed with a wave of the Orange Emperor’s jeweled scepter — though he still says it can.
His Imperial Excellency — fondly known as Tariff Man to his MAGA peeps — imposed large selective tariffs under the IEEPA act, which does not even contain the word ‘tariffs.’ On Feb 20, 2026, the Supreme Court said B.S., dude — you don’t get to do that.
Donnie pivoted to 10% global tariffs under Section 122 of the Trade Act of 1974. It deals with balance of payments crises under the former Bretton Woods fixed exchange rate system, which ended in 1973 with the advent of floating exchange rates among full-fiat currencies. Obviously, no such balance of payments crisis exists today.
On Thursday, the Court of International Trade ruled 2-1 that Donnie overstepped the tariff power that Congress had granted the president under the law. The tariffs are “invalid″ and ”unauthorized by law,” the majority wrote.
“We’ll do it another way,” reacted scofflaw Donnie — meaning he’ll try to twist the meaning of yet another trade-related statute. But none of these statutes can repeal Article I, Section 8, which vests tariff authority in Congress, not the president.
Donnie could have done things the right way, the constitutional way, by having Congress pass a new tariff act, like the Smoot Hawley tariffs which Herbert Hoover foolishly signed in June 1930, wrecking both the economy and his Repugnican party. But no. Scofflaw Donnie is still stuck in his eight-year-old boy oppositional defiance act, as his stupid, evil war saps his power day by day.
He coulda been a contendahhh …
Morning, Jim –
I think – I conclude – that Trump is evil. Not merely an oaf and a vulgar, outre ignoramus but actually, purposefully evil. This is all happening on purpose. It is the “plan” we have been hearing about. See today’s Gas Tax Report.
Trump is evil. He was in on child trafficking with Epstein, and Epstein was not just raping little pre-teen girls, he was killing and eating them.
try looking at TikTok epstein files – I did and had nightmares and had to stop
There is scant evidence that the tariffs were the cause of the great depression as they were enacted after the stock market crash of 1929. The tariff act of 1789 and those enacted afterwards were helpful in building up industry in this formerly agrarian country. We had an unprecedented period of growth from that time until the late 1920s, a pretty good run.
I know of no other tool than to tax imported merchandise to equalize the cost of goods made here versus overseas.
What Trump has done is inexcusable, indiscriminately using tariffs as some foreign policy club. Tariffs should be tied to difference in wages and cost of living index to ensure that they benefit the working class. To make them work, it requires getting the costs of production down by paring some regulations.
Of course, we have the opopsite now. No chance of recovery, I don’t think
“Why would Trump want to destroy not just his own approval ratings but the electoral prospects of his party?”
Because of the evil tiny hat nation & its diaspora that owns him, most of congress, the media, hollywood, banking, etc. says they are God’s chosen and demand that the shithole known as the middle east is theirs alone.
Here’s a short from Chuck Baldwin refuting the chosen people nonsense: https://www.youtube.com/shorts/pGpcKu2lxb4
Thanks, MH –
The (self) “chosen” thing is astoundingly convenient. God is our God – and we say so!
The pastor cites the Old Covenant [with Abraham and his tribe] and the New Covenant [set out in the book of Romans] — events purportedly separated by about 2,000 years.
He doesn’t venture to explain why an infinitely enduring God of the universe would dispense two different covenants in just 2,000 years — a mere microsecond to such a deity. Nor why a universal God would make a special deal with Abraham’s tribe that excluded most of humanity.
Two deeply incompatible traditions — Judaism and Christianity — cannot be fused together coherently. Given Jesus’s rants against the Pharisees, He would weep to see this shambolic scriptural compromise by early church bishops which only serves to dilute His words and propagate the psychotic worldview of the tribal god Yahweh. Jesus wept.
Hi Jim!
The problem with Chuck Baldwin is that as a non-Zionist fundamentalist Christian he has no problem calling out the modern state of Israel and the Dispensationalist Christians that are its useful idiots, he cannot escape the trap of the tribal desert god as the one “true” god, that there was such things as “old” and “new” covenants and that “morality” derives from the edicts of this desert tribal deity.
Until more people awaken from the programming that all of this is somehow the “one true faith” we will never truly escape the Israel trap. It is frustrating.
Why Chinese EVs may be coming in a big wave, the gold to gasoline ratio.
historically, 1 oz gold is worth 200 gallons of gas (in 2005)
but now gold is around $5000
that means gasoline is way the hell to cheap
I ask Goolag AI – what should the price of gasoline be based on gold/gas ratio
Based on historical gold/gas and gold/oil ratios, current gasoline prices in the U.S. are significantly “undervalued” relative to the price of gold. If gasoline were to return to its long-term average relationship with gold, it would likely cost between $15 and $30 per gallon, depending on which historical average is applied.
1. Calculation Using the Gold/Gas Ratio
Historically, the price of regular gasoline has often averaged around 140 milligrams (mg) of gold per gallon.
Priced in Gold
Current Gold Price: Gold is currently trading at approximately $4,721.90 per ounce.
Conversion: There are 31,103 mg in a troy ounce.
Gold Value per mg: ~$0.1518.
Implied Gas Price: 140 mg × $0.1518 ≈ $21.25 per gallon
“Americans need to wake up right now, we are close to economic catastrophe” Col. Macgregor
https://www.youtube.com/watch?v=JllO4tn8Ys8
the expert analysis – the crisis hits July 4th
Financial experts like Citadel’s Ken Griffin and Carlyle Group’s Jeff Currie are issuing stark warnings of a global recession driven by an escalating energy crisis. Currie highlights that the U.S. is already in an oil deficit and will face devastating shortages once inventories, which he compares to the shark fin in ‘Jaws’, hit ‘tank bottoms’ by mid-summer. Col. Douglas MacGregor elaborates, linking the crisis to conflict in the Persian Gulf and explaining the cascading effects like soaring jet fuel prices and broken supply chains for diesel.
So what I heard is that the last tankers to pass the Strait of Hormuz before the war started are arriving at their destinations, with the last ones to arrive in June. (Dunno how long it takes to sail like that, but somebody saying it takes a few months – I wont disbelieve them.) At any rate, this substantiates your statement of the shit hitting the fan in July of this year.
There’s a guy I follow, Victor Davis Hanson, who comes across as very practical, who says that the blockade of Iran is to shut down their oil exports and source of income. (Yes, patently obvious.) Eventually, they have to leave their oil in the ground and shut down their petroleum infrastructure. He implies that the trick is to have this stranglehold lead to their capitulation *before* the very real situation of US economy running out of oil/fuel supply. That’s the gamble. (from an economic perspective, let’s set aside the whole Greater Israel argument for now…)
I’ve also heard of the various imperial energy power plays by the US: (sorry “power plays” was the only word I could come up with)
1) Taking out Nordstream pipeline, so natural gas can route thru Syria and up to Europe.
1a) Oh, so now we know why we’re doing all the stuff in Syria…
1b) Chevron has a big stake in this pipeline, I think (unconfirmed) that they run it
*** ok, so now Europe is having to get all their natural gas from either US ships, or from US controlled pipeline, e.g. Chevron corporatism ***
2) Taking over Venezuela, cutting off their oil to China and Cuba
3) Blockading Iran, cutting off their oil to China
*** ok, so we are squeezing China ***
Hmmmm, what happened last time we squeezed an Asian regional power outta their petroleum??? I think that happened around December 7, 1941…
Me talking now… Maybe, in an underhanded way, this staves off the invasion of Taiwan by China. Rather to have the Chinese put their efforts into finding oil supplies, than taking over Taiwan > which would put us immediately and directly in a shooting war with them (Which we would lose profusely)
“There’s a guy I follow, Victor Davis Hanson”
another one to follow, this young ex-marine turned scholar: Brian Berlectic
says everything the USA is doing is to isolate China, and it is all in think tank articles
https://duckduckgo.com/?q=Brian+Berlectic+trump+iran+war&iar=videos&t=brave
I think you have the right idea, but would have to look at the price of gold before the gold standard was dropped, compared to gas. By 2005, gold and silver were being well manipulated down in value
Goolag Ai – what was the gold to gasoline ratio in 1930
In 1930, the gold-to-gasoline ratio was roughly 103 gallons of gasoline per ounce of gold, based on standard price data from that year.
Comparison to Crude Oil: The broader gold-to-oil ratio (measuring barrels of crude oil per ounce of gold) has historically averaged around 15:1.
I am not saying gasoline is going to $20 or $30 a gallon, but the potential is there. Back in the early 1970’s, gasoline tripled in value, I remember that gasoline price shock well.
So can gasoline triple again? Yes. $10-$12 a gallon? Yes. Very possible if not probable. Trump keeps fucking with Iran, even higher.
Damn, Still crazy- I was thinking about filling up at $9 per gallon back in 2019 when I went to Iceland, because that was the price there. I had a 1 litre 4 cyl diesel car that probably got 50+ mpg, but it cost the same to fill as my 27 gallon K5 blazer at the time. Now by me (with a 31 gallon tank I installed) it would be $176 for a full tank – 28 gallons at $6.30 for diesel by me at some stations.
$20- $30 is inevitable. The only question is when. In the last commodity bull market, gasoline basically went up 10x before settling into the new normal.
Morning, Auto!
If it gets to even $10, we’re toast. The economy will seize up like an engine with no oil in it. Most people will be unable to drive – and so unable to work. There will then be massive societal chaos – and probably, martial law. I think it is what the people behind Trump are after, ultimately.