Ben Mycelis

He's a sociopath.

I won.

You lost.

So even though Donald Trump's lawyers argued when they were asked by the Supreme Court, the Circuit Court, the Court of International Trade, Trump's lawyers were asked, why don't you invoke the Trade Act of 1974, Section 122?

And they said, we actually don't have that authority to invoke.

This is what Trump's lawyer said.

We don't have that authority because what we're claiming the emergency is, is trade deficits.

And what section 122 deals with is issues about currency and currency crises and kind of monetary deficits where there could be a run on a specific currency.

You know, there was the Brenton, I'm not trying to do a boring professor lecture on the Brenton Wood system when the dollar was pegged to gold.

And then after World War Two, there was a run on gold in the early years of Nixon.

It was called the Nixon shock.

So they came up with this idea of how do you stop this kind of massive kind of currency dilution in the Brenton Woods system where the dollar was fixed to gold?

It's not happening now.

It's not a that's not a thing that's happening.

And also when Donald Trump says all of these countries are giving to the United States trillions of dollars,

How could you be having this emergency for monetary deficits when you're claiming all these countries are giving you all of this money, just giving it to you?

So Trump invokes Section 122 under the Trade Act of 1974 unlawfully to now impose 15% tariffs against the world, except...

He told the trade representative and our commerce department told the people collecting the levies that the document they were handed only says 10%.

So Trump said 15%, which is, and 10% still high, but the actual levy right now was actually 10%.

So people are like, what the hell is even going on?