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The green new scam continues to fall apart, the fake news can't manage the narrative, the temps are declining not rising, it's all about taxing the people. Treasury Sec Bessent just destroyed the fake news/[CB] narrative on tariffs. Tariffs brought in 23 billion in May, the parallel system is building.[DS] pushing war with Ukraine and Russia, Trump just trapped them in their attempt. The [DS] is panicking because Trump and the patriots have uncovered their secret method of keeping important evidence and document hidden, even if you search for it, it cannot be found, its called the Prohibited access. Now every case needs to be revisited. This system is also used in the other agencies. This is why they didn't want DOGE poking around.

 

Economy

https://twitter.com/ChrisMartzWX/status/1929217758224322804

 1961-2020 than during the 60-year period 1901-1960. Good luck finding these statistics in the Washington Post, New York Times or on CNN.

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https://twitter.com/WallStreetApes/status/1929239692047798314

Learn This: Secretary Scott Bessent Outlines Status of U.S-China Trade Conflict

Treasury Secretary Scott Bessent appears on CBS News to counter the false information being spread by Margaret Brennan on behalf of Wall Street corporations.  The topics of interest surround China and tariffs.

Let me clarify for the audience that does not follow closely.  Tariffs are paid by the importer based on the wholesale price of the product as delivered by the exporting country depending on the exporters’ tariff rate.  Tariffs are NOT LEVIED/PAID based on the retail price of the product as sold to the consumer.

Example:  A pair of Denim Jeans made in China for Guess Brand.  The Chinese manufacturer sells the jeans to Guess Brand for $10 a pair manufactured.  Guess sells the jeans at retail in the USA for $100 (a $90 gross profit).

A 50% tariff on China means the jeans cost Guess Brand $15 instead of $10 (an $85 gross profit).  A 50% tariff on Guess brand jeans, that retail for $100, changes the cost to the retail brand by $5.

Multinational corporations who have off shored their production and manufacturing to China are the ones screaming about tariffs.  Ultimately in the final analysis, President Trump is exposing corporatism, multinational corporate vultures; he is not necessarily just exposing China.

In the example above the company makes $85 gross profit as opposed to $90 gross profit on the pair of jeans if they do not raise the retail price.  They don’t raise the price because their profit margins are already ridiculous, and that’s why consumer prices do not go up. A 50% direct tariff on Chinese goods only marginally hits the multinational corporation.  American consumers need to understand this dynamic better.    WATCH: 

MARGARET BRENNAN: But for consumers, the reality is there will either be less inventory or things at higher prices, or both.

SEC. BESSENT: Margaret, when we were here in March, you said there was going to be big inflation. There hasn’t been any inflation. Actually, the inflation numbers are the best in four years. So why don’t we stop trying to say this could happen, and wait and see what does happen.