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Combat price manipulation by China, by having price manipulation in the US! Brilliant! Planned economy anyone?! 😃
Whatever it takes so the 1% continues to make money.
By transferring it from the 99% of us to 0.0001%’s accounts. 🤬🤬🤬🤬
I can’t wait to work in the rare earth mines for a minimum wage that was passed in the 1990s.
But Trump’s gonna drain the swamp and fight for the common man, right?
Get out of yo mammas basement and get a job.
@joaquincortada1483Drain the swamp of what and who is the common man in that world?
The reason oil prices are low is because the price of everything else is too high, so people can’t afford to buy things, that means demand for oil goes down, because fewer trucks are on the road, fewer ships, etc, energy usage goes down.
All artificially raising the price of oil will do is make things even more expensive, and lower energy usage and oil usage even more.
Yes, but there is also a demographic problem. The boomers aren’t going to buy any more furniture to be transported from china. The prices of everything will be going deflationary and governments can’t have that.
@donaldjohnson-c2jlike trying to stop the sun from rising at this point.
They can prolong it, but all that will do is make the crash even worse when it does happen. Treating the symptoms so long that even the cure can’t save it.
@AKATenn❤
Less production all over the world
@donaldjohnson-c2j Alcohol consumption in the USA is at 90 year lows. Ever work in a restaurant? All the profits come from booze sales. Drunks are the most reliable big tippers too. The Boomers were drunks. Soda-pop also enjoys sky high profit margins. Now 65% of Americans avoid drinking soda-pop. We hit Peak-Cigarettes way back in 1966. Cigarettes were high profit items too. American habits have changed. Nobody is “watching TV” now. Very low exposure to TV ads. Advertisers won’t pay the TV producers. Over 1/2 of Hollywood TV industry jobs have disappeared in just the past 4 years. Can you visualize all the ripple effects? No more TV “pop music.” That TV “pop music” isn’t popular now. No more selling high profit margin plastic disks and tapes full of “songs.” Can you visualize more ripple effects? Movie attendance peaked in 1933. How are popcorn and candy sales doing now?
The consequences are intended
reverse price controls is stupid. Falling prices benefit us – the consumer – the citizen. The only reason to interfere with falling prices is to fleece us yet more.
Falling prices squeeze margins and force companies to slow growth (wiping out potential future jobs for people) and tighten labor, i.e. lower employee hours, or worse FIRE PEOPLE. That isn’t a benefit.
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Wow 😱I know her too! Ms Hanna M Winch is a remarkable individual whom has brought immense positivity and inspiration into my life.
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It sounds like you’ve undergone a remarkable transformation, extending beyond finances to encompass greater stability and self-assuredness. This significant improvement in your biweekly returns is truly impressive, prompting many to wonder: was it a shift in mindset, a refined strategy, guidance from a mentor, or perhaps a combination of all these factors?”
It sounds like you’ve undergone a remarkable transformation, extending beyond finances to encompass greater stability and self-assuredness. This significant improvement in your biweekly returns is truly impressive, prompting many to wonder: was it a shift in mindset, a refined strategy, guidance from a mentor, or perhaps a combination of all these factors?”
What is the best way to get connection to that woman y’all mentioning and speaking bout?
I thought the whole capitalist dogma was that centrally-planned-economies are so inefficient that they self destruct – so why do you need to go broke trying to ‘fight’ them ?
Aren’t these (reverse) price controls part a a centrally planned economy?
Go check out Shanghai or Shenzhen for yourself.
because the US have been increasingly engaged in central planning since 1913, did go brock (sovereign default) in 1971 and converted the US to a pure scam economy afterwards, rather then let the market decide
Trump’s lemmings will believe anything/everything.
the US is centrally planned to extract maximum wealth for a handful of oligarchs and their minions. It’s been like that for my whole gen X life and probably before. Where do you ever see any real concern for “efficiency” in the US, except in talk? Corporate america is a fountain of waste, as is the government.
For someone that hates China so much, Trump sure likes acting like China.
BINGO! Because to defeat a centralized command and control economy – become a centralized command and control economy??? LOL.
Chinese economic model is now proving to be much more efficient than the US style capitalism model. You might not like it, but the last 30 years have been an absolute eye opener.
He didn’t act like China.
The two countries already switched place sometimes during mid-2010s😂
You may hate China but they will conquer the world
@IAT1964 the us is no longer capitalist. The whole world is communist. Technological feudalism is the future unfortunately
Sounds to me like the people that own our economy are going to force us to guarantee their support without them taking any effort to become more efficient.
Its worse than that, they will be able to legally reach into your pocket to “guarantee” the profitability of the billionaires companies.
So then we have corrupt people (and oil producers) buying on the open market cheaper then production, claiming they are producing it, then claiming govt subsidies, keeping their oil and American pay higher prices.
Free markets and price control. How is that compatible? This is a disaster. Communist try to do this.
Communists aren’t the only ones with an ideology of central planning; Fascists have also historically always done this.
Fascist economic control rather than being aimed at creating a classless society or abolishing capitalism, was instead designed to subordinate the entire economy to the goals of the nationalist and militarist state.
We’re watching Fascists do what they have always done.
Free markets is just a slogan. It was formerly referred to as private markets. It was a purposeful propaganda switch.
Communism does not practise REVERSE price control. They try to keep prices low.
So we’re going to pay more for oil so unprofitable companies can continue to operate? Got it.
Are you joking me this is COMMUNISM at its very worst Trump is gonna FORCE the entire world against AMERICA this is suicide and worse then any communist looney toon wow
No we’re paying the oil companies so they can get a couple more Mansion no biggie
Trump’s lemmings will believe anything/everything.
He used oil as an example. The set floor prices aren’t for oil. Trump actually just claimed that gas prices will keep going down. Take everything on YouTube with a grain of salt by the way. I don’t care what YT channel, they all either shill or overdramatize for views.
@JR-yn4cuIf oil prices go up, so will almost everything else, for you need oil for so many things to produce and transport, this will inevitably bring about a hyperinflation !
‘Free Markets’ sure do require a lot of taxpayer subsidies under ‘Freedom’ party governance.
The deplorables are experimenting.🤣 Nice job murica hope it does not end up in tears.
@jeffPeters-ue8wi The thing is, it’s always been true. It’s just that when it comes to the old “butter vs bullets” argument, the ‘Freedom’ party always chose bullets and rich people.
Never been a so called free market
Just remember, they are both in it together.
It’s funny how they keep doing the same things regardless of what they call them.
If it costs $65 to produce a barrel of oil, the price floor should be $65 per barrel. If the price floor is $100 per barrel, that is corporate welfare.
This fundamentaly misses the whole issue with cartels and monopolies using unfair trade practices to remove competition. These are normally why tariffs existed in the first place. This is just another way of putting a tariff on foreign goods.
why will oil producers invest/improve when they’re on welfare. They’re already pretty sleazy. I remember when the fracking companies went bust last time and CEOs and boards of directors gave themselves multi million dollar bonuses just prior to going bankrupt.
It’s probably way below 65 to produce, but they will not stand for less profit.
The Permian basin has a breakeven price upward of 61 U.S. dollars for new wells and only half that price for existing oil and gas wells. But nationwide, it can range from roughly $25 to $70 per barrel, depending on the production method and location.
Born in 56, the reduction in freedoms and quality of life is astonishing. If the feds are putting a floor under pricing, how about wages?
They did. Its called Federal Minimum Wages: $7.25/hr. Some states have their own additional minimums, too.
@syovar1I think op was referring to a LIVABLE wage. You can’t get a MC value meal for $7.25.
@anniealexander9616$904/mo is actually livable in a lot of states. After taxes this is what you get; you can cover public transport, rent, food, utilities, prepaid phone with that. With some wrangling you can get dental and eye care but medical is out of reach.
What’s the point of a minimum wage, labor laws, et cetera, when we can just send jobs to third world countries?
lol. This is what happens when the people are dumb.
Given how much back and forth and flip-flopping is coming from the central planners, it looks like we aren’t far from the Ponzi’s inevitable total implosion: the crack-up boom.
Isnt the original response to low-priced foreign goods Tariffs?
Don’t most country’s protect their industry to one degree or another?
Lowering regulations is one answer. Figuring out how to accomplish our goals with less pollution.
Great video, finally someone who is not square and is from the USA – you could be the savior. Will keep watching
George you missed a huge opportunity to point out that it was FDR who implemented price floors, which in turn made the great depression much worse and prolonged. FDR was so afraid of price declines that he paid farmers to burn their crops in order to keep prices higher.
He was hoping aliens would intervene and unite the world
George, you mean to tell me it’s no longer enough to give massive subsidies to these industries? You mean to tell me it’s not enough to be giving bailouts to our farmers who’ve lost their export markets due to capricious tariffs? OMG!