Notice how we’ve all spiked massively, and fairly equally in the last 2/3 years. A global challange that is not the responsibility of either of our Govenments.
But then look at 2016 to 2020. The US had constant interest rate rises, above and beyond anything seen within the UK or Europe.
Funnily enough during that time Trump got very angry with the fed for constantly raises in the rate, seeing it as a bad thing, yet during Obama’s era Trump was vocal about the Fed keeping the rates low!
Er, no. Racism isn’t right wing (just look at the Soviet Union and China) and you can guarantee all of this lot want a big government that interferes with everything, are fans of the NHS, want to nationalise the (already nationalised) railways, favour protectionism over free trade, etc., etc.
As far as I know, Denmark cannot sell Greenland. Greenland has the legal power to hold a referendum and become independent, so could sell themselves, but that’s like choosing the greater of two evils.
In other news, Trump has announced tariffs on semiconductors, so is truly doing his best to screw over the US economy and doesn’t know how stuff works any more than the average toddler.
I’ve never heard of that abbreviation, however it’s Greenland’s raw materials that they want to strip mine. I can’t see why Greenland would agree to that.
I’m sure he does, but there is a problem - these are incredibly complex facilities that take years to build and cost billions of dollars. It isn’t simply a matter of making foreign chips more expensive and having cheaper options available in the US. According to Intel just one takes 3-4 years and over $10 billion. There is also not a huge amount of “slack” in the semiconductor industry, so there isn’t space capacity in the US to use.
Also, you still need incentives for the manufacturers to be in the US. They are not the end users, so if there are no alternatives in the US, they still get paid the same amount, tariffs or no tariffs. If the US based fabs have the capacity for most of the US requirements, then and only then will the foreign suppliers begin to lose out on the market. What the buffoon should have done was created some incentives for these manufacturers to build facilities in the US, and pledged to implement tariffs in say 3 years time.
In terms of capacity, tripling the US’s capacity would put it on par with competitors like Taiwan, but if that’s not going to happen before 2032, it just means higher prices.
Lastly, depending on the chip, it might not be as simple as just buying it from a different manufacturer. It could be a specific design that only one manufacturer makes, and even then it could either be off the shelf or it couls be manufactured with slight modifications according to customer specs. Getting it from somewhere else could mean redesigning the end product.
Again though, the tarriffs don’t help here. They are just a political show piece that puts prices up for US consumers.
But you’re bang on that if China takes Taiwan the supply steam is f’ed! I know a year ago there was talk of the US bombing TSMC if China took Taiwan. Not sure if anything more was said
Intel and TSMC are still building. Intel is partway operational I think, but even when TSMC are running at 100% I don’t think they will be able to produce or keep pace with the latest and greatest coming out of Taiwan.
I expect it also damages Nvidia greatly, which will have a knock on effect with US tech companies. I believe Intel are the only vertically integrated major player in CPUs, GPUs and semiconductors more broadly and even Intel’s discrete GPUs are currently manufactured by TSMC.
Considering the global economy and markets are held up by the US markets, and the US market is held up by something like 7 tech companies (FAANG plus Nvidia and Microsoft I think)…
The truth is, the politics in the US is very far to the social right compared to the global average, and the Trumpettes are even more far right than that.
With policies including now rounding up people who entered the country legally under the previous administration, arguably Trump policies are verging on fascist - and that’s not designed to be obtuse or insulting, it follows the actual definition of fascism.
Let’s look at some of the points:
Leadership by a high amount of executive orders points to dictatorial style of leadership and autocracy.
The pardoning of far-right violent insurrectionists, along with the removal of protection for critics of Trump, could be argued to indicate the oppression of opponents - particularly when it is being considered to launch legal campaigns against those who investigated the insurrection.
The implementation of tariffs, which will increase the price of essential items for the average American, demonstrates the belief in individual sacrifices for perceived national success.
Current actions point to a disbelief in a social security net, disbelief in the supremacy of democratic rights and disbelief in liberal/neo-liberal world order.
All of the above indicates that the Trumpettes support a fascist regime. As fascism is to the far-right of the traditional left-right political spectrum, this indicates how far to the right the American Overton Window has become and how out of sync with the developed world the current regime is.
So yeah, by that mark, even the right-wing Conservative and Unionist Party of the United Kingdom would appear, falsely, to be left-wing to a Trumpette.
That’s the issue with putting people in boxes, for the last 80 years the Conservative Party has been fiscally conservative while being socially quite liberal (certainly when compared to their contemporaries around the world), things like abortion don’t feature in Conservative policy, neither does Capital punishment.
The BNP and even the Reform types tend to be the other way, fiscally irresponsible while being socially very conservative and opposed to change “take are country back”.
