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A comment on US Administration announces 34% tariffs on China – 20% on EU. Parent comment

Re:US Administration announces 34% tariffs on China – 20% on EU by Jensson on Wednesday April 02, 2025 @11:05PM (#43564248)
Wasn't that the plan all along, people always said "Ballooning Government debt is fine since unlike normal debt Governments can just print money and never really pay back the real value".

Someone has to get screwed over when you do that, who do you suggest get screwed over?

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Re:US Administration announces 34% tariffs on China – 20% on EU by jquery on Thursday April 03, 2025 @01:31AM (#43565124)
That was a rainy day argument for not caring too much about debt. But what's happening now is we're raiding our savings account to pay for bath salts. No, it was not "the plan all along".
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Re:US Administration announces 34% tariffs on China – 20% on EU by Jensson on Thursday April 03, 2025 @01:39AM (#43565182)
> But what's happening now is we're raiding our savings account

What savings, USA just takes on more debt it hasn't saved anything.

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Re:US Administration announces 34% tariffs on China – 20% on EU by realusername on Thursday April 03, 2025 @01:56AM (#43565293)
Other countries got screwed when doing that because the US used to have the world currency and could print money essentially without repercussions.

Note the past tense as this advantage is now gone with Trump.

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Re:US Administration announces 34% tariffs on China – 20% on EU by nthingtohide on Thursday April 03, 2025 @03:46AM (#43566232)
I heard the term "bail-ins" used in this context. i.e. the elites will have to suffer the devaluation.
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