Pete
👤 PersonAppearances Over Time
Podcast Appearances
Like usually you think like a nationalistic country. We want our currency to be.
You have a competitive advantage. Yes.
You have a competitive advantage. Yes.
You have a competitive advantage. Yes.
If you ever traveled in Southeast Asia and the dollar is doing really strong, you're like, wow, I'm going to buy everything here in Thailand. It's the first thing.
If you ever traveled in Southeast Asia and the dollar is doing really strong, you're like, wow, I'm going to buy everything here in Thailand. It's the first thing.
If you ever traveled in Southeast Asia and the dollar is doing really strong, you're like, wow, I'm going to buy everything here in Thailand. It's the first thing.
So that applies on everything from your experience as a tourist to major industrial production. And how does one do that? Do they print more money? So you can print more money. You can buy and sell bonds. Some countries just officially set an exchange rate and then use their central bank. There's all kinds of ways to do it.
So that applies on everything from your experience as a tourist to major industrial production. And how does one do that? Do they print more money? So you can print more money. You can buy and sell bonds. Some countries just officially set an exchange rate and then use their central bank. There's all kinds of ways to do it.
So that applies on everything from your experience as a tourist to major industrial production. And how does one do that? Do they print more money? So you can print more money. You can buy and sell bonds. Some countries just officially set an exchange rate and then use their central bank. There's all kinds of ways to do it.
But the point is, part of trading deals is you're supposed to promise not to do it.
But the point is, part of trading deals is you're supposed to promise not to do it.
But the point is, part of trading deals is you're supposed to promise not to do it.
And so what I'm saying is what you do is you look for a place where there's an unfair trading practice and then you respond and you say, okay, you either drop this trading practice or we're going to impose these restrictions on how you trade with us, which again is exactly what they say they're doing, but it is not what they're doing. What are they doing? They came up with this weird formula.
And so what I'm saying is what you do is you look for a place where there's an unfair trading practice and then you respond and you say, okay, you either drop this trading practice or we're going to impose these restrictions on how you trade with us, which again is exactly what they say they're doing, but it is not what they're doing. What are they doing? They came up with this weird formula.
And so what I'm saying is what you do is you look for a place where there's an unfair trading practice and then you respond and you say, okay, you either drop this trading practice or we're going to impose these restrictions on how you trade with us, which again is exactly what they say they're doing, but it is not what they're doing. What are they doing? They came up with this weird formula.
It's actually the same thing that ChatGPT would suggest. If you just ask ChatGPT, like, hey, make up a table of how I should charge the tariffs. They used a totally different measure called the trade deficit, which we could get into, and said, okay, whatever the trade deficit is, we're going to do this formula off of that.
It's actually the same thing that ChatGPT would suggest. If you just ask ChatGPT, like, hey, make up a table of how I should charge the tariffs. They used a totally different measure called the trade deficit, which we could get into, and said, okay, whatever the trade deficit is, we're going to do this formula off of that.
It's actually the same thing that ChatGPT would suggest. If you just ask ChatGPT, like, hey, make up a table of how I should charge the tariffs. They used a totally different measure called the trade deficit, which we could get into, and said, okay, whatever the trade deficit is, we're going to do this formula off of that.
And by the way, there was a math mistake that a conservative think tank discovered in the way they did it. And they just randomly applied. There were islands that don't even have people. There are islands that are actually like U.S., U.K.