Tariffs Catch-All

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I am reminded of Xi telling young people in China to “eat dirt” (apparently meaning suck it up and accept the economy is down and even if your parents spent their life savings to send you to university, it is your duty to return to your poor rural village and be a farmer or otherwise make do).

🎁 —> https://www.wsj.com/finance/currenc...67?st=XkoU9v&reflink=mobilewebshare_permalink

“Crypto billionaire Justin Sun for years wouldn’t set foot in the U.S. for fear of arrest. The Chinese-born tycoon, facing scrutiny from U.S. authorities, even missed a chance to fly on Jeff Bezos’ Blue Origin rocket despite paying $28 million for the opportunity.

Now, Sun isn’t just back in America. He is in suburban Washington to attend a dinner with President Trump as a VIP guest.

After weeks of industry speculation, Sun confirmed in a social-media post Tuesday that he is the largest holder of the president’s $TRUMP memecoin. His some $23-million stash catapults him into the exclusive circle of 25 investors who were invited to a private VIP reception with Trump on Thursday. Critics say the event is among the most glaring demonstrations yet of the conflicts of interest for Trump and his family as they pursue a range of business ventures.

Until Trump’s election win, the 34-year-old entrepreneur was in the sights of U.S. authorities and was persona non grata in much of the U.S. crypto industry. His company Tron, which operates a blockchain network with the same name, has been a popular channel for crypto’s criminal fraternity to move funds.

The U.S. Treasury Department’s Financial Crimes Enforcement Network wrote in a private 2023 report that Tron was “growing in popularity among illicit actors.” By last year, more than half of all illegal crypto activity—some $26 billion—took place on the network, according to researcher TRM Labs, which tracks crypto transactions and works with law enforcement.

… Sun faced charges from the Securities and Exchange Commission, which in 2023 accused him of fraudulently manipulating the market for Tron’s TRX token. The SEC asked a court in February to pause its lawsuit.

The Justice Department, meanwhile, had been investigating Sun for suspected financial crimes, people familiar with the case said. The U.S. attorney’s office in Manhattan requested information from Sun back in 2021 and continued gathering evidence through at least 2023, some of the people said, causing him to avoid travel to the U.S. over concerns about a possible arrest warrant. That meant Sun, who is based in Hong Kong, had to skip the 2021 launch of Blue Origin’s first crewed space flight, on which he had won a spot, the people said. (At the time, Blue Origin said Sun pulled out due to scheduling conflicts.)

It couldn’t be learned whether the Justice Department investigation is still ongoing. …”
 
Last edited:
nycfan said:




I am reminded of Xi telling young people in China to “eat dirt” (apparently meaning suck it up and accept the economy is down and even if your parents spent their life savings to send you to university, it is your duty to return to your poor rural village and be a farmer or otherwise make do).
Click to expand...

The phrase is usually translated as "eat bitterness" -- you've got the meaning more or less correct. It's a saying that goes back at least as far as The Long March, when the communists had much cause given that they traveled 6000 miles through lands where food was definitely not plentiful.
 
I hope the next administration and Dem congress immediately declares any transaction involving crypto currency as illegal and the trading of such as a felony.

Because all this bullshit is nothing but criminal. Absolutely blatant criminality.
 
DiehardHeelFan said:
Or it is time to sell all the assets bought when the initial June 1st tariffs were announced. He can move the tariff threat up and down and those that know ahead of time can make a killing. Wall Street is like a dog Stay 😀
Click to expand...
Absolutely. Market manipulation isn’t the only goal, but I’d wager it’s #1, with a bullet, in Don’s mind.
 
nycfan said:




I am reminded of Xi telling young people in China to “eat dirt” (apparently meaning suck it up and accept the economy is down and even if your parents spent their life savings to send you to university, it is your duty to return to your poor rural village and be a farmer or otherwise make do).

🎁 —> https://www.wsj.com/finance/currenc...67?st=XkoU9v&reflink=mobilewebshare_permalink

“Crypto billionaire Justin Sun for years wouldn’t set foot in the U.S. for fear of arrest. The Chinese-born tycoon, facing scrutiny from U.S. authorities, even missed a chance to fly on Jeff Bezos’ Blue Origin rocket despite paying $28 million for the opportunity.

Now, Sun isn’t just back in America. He is in suburban Washington to attend a dinner with President Trump as a VIP guest.

After weeks of industry speculation, Sun confirmed in a social-media post Tuesday that he is the largest holder of the president’s $TRUMP memecoin. His some $23-million stash catapults him into the exclusive circle of 25 investors who were invited to a private VIP reception with Trump on Thursday. Critics say the event is among the most glaring demonstrations yet of the conflicts of interest for Trump and his family as they pursue a range of business ventures.

Until Trump’s election win, the 34-year-old entrepreneur was in the sights of U.S. authorities and was persona non grata in much of the U.S. crypto industry. His company Tron, which operates a blockchain network with the same name, has been a popular channel for crypto’s criminal fraternity to move funds.

The U.S. Treasury Department’s Financial Crimes Enforcement Network wrote in a private 2023 report that Tron was “growing in popularity among illicit actors.” By last year, more than half of all illegal crypto activity—some $26 billion—took place on the network, according to researcher TRM Labs, which tracks crypto transactions and works with law enforcement.

… Sun faced charges from the Securities and Exchange Commission, which in 2023 accused him of fraudulently manipulating the market for Tron’s TRX token. The SEC asked a court in February to pause its lawsuit.

The Justice Department, meanwhile, had been investigating Sun for suspected financial crimes, people familiar with the case said. The U.S. attorney’s office in Manhattan requested information from Sun back in 2021 and continued gathering evidence through at least 2023, some of the people said, causing him to avoid travel to the U.S. over concerns about a possible arrest warrant. That meant Sun, who is based in Hong Kong, had to skip the 2021 launch of Blue Origin’s first crewed space flight, on which he had won a spot, the people said. (At the time, Blue Origin said Sun pulled out due to scheduling conflicts.)

It couldn’t be learned whether the Justice Department investigation is still ongoing. …”
Click to expand...

Add harborin
Healing said:
The EU is going to "buy" zillions of dollars worth of AMERICAN! natural gas, again.
Click to expand...
Clean coal
 
DiehardHeelFan said:
Or it is time to sell all the assets bought when the initial June 1st tariffs were announced. He can move the tariff threat up and down and those that know ahead of time can make a killing. Wall Street is like a dog named Stay 😀
Click to expand...
Like I said before, on the day of the liberation day announcement, someone bought at least $1.1 million in two day SPY puts that were about 6% out of money. That person walked away with something like $106 million.

And that’s just from two orders for SPY that were bought the same minute and large enough to be noticeable.
 
globalnews.ca

U.S. senators urge Canada to ‘give us another chance’ on trade, tourism - National | Globalnews.ca

Republican and Democratic U.S. senators who visited Ottawa this past weekend say they want to bolster the Canada-U.S. relationship despite U.S. President Donald Trump's trade war.
globalnews.ca globalnews.ca

Members of a bipartisan group of U.S. senators who visited Ottawa this past weekend say they want to bolster the Canada-U.S. relationship despite U.S. President Donald Trump’s recent attacks, with the lone Republican urging Canadians to “give us another chance.”

The five senators met Friday with Prime Minister Mark Carney, who has vowed to pursue a new economic and security partnership with the U.S. while acknowledging that the trend of “deep integration” between the two countries is over.

The American lawmakers say that long-standing relationship must continue, with trade, tourism and defence partnerships among the key areas where collaboration is critical.

“We have to do this stuff together,” Republican Sen. Kevin Cramer of North Dakota told Mercedes Stephenson in an interview that aired Sunday on The West Block.

“We’ll be better at it if we’re friends than if we’re just tolerating one another…. I’m just here (in Ottawa) to say thank you, and then to encourage Canadians to take another look and give us another chance.”

Canadians, along with various levels of government, have turned their backs on the U.S. since Trump imposed sweeping tariffs on Canadian goods and voiced his desire to make Canada the “51st state.”

Statistics Canada has reported four straight months of steep year-over-year declines of return trips to Canada from the U.S., and some states such as California have launched ad campaigns to try to lure Canadian tourists back.
 
altmin said:
globalnews.ca

U.S. senators urge Canada to ‘give us another chance’ on trade, tourism - National | Globalnews.ca

Republican and Democratic U.S. senators who visited Ottawa this past weekend say they want to bolster the Canada-U.S. relationship despite U.S. President Donald Trump's trade war.
globalnews.ca globalnews.ca

Members of a bipartisan group of U.S. senators who visited Ottawa this past weekend say they want to bolster the Canada-U.S. relationship despite U.S. President Donald Trump’s recent attacks, with the lone Republican urging Canadians to “give us another chance.”

The five senators met Friday with Prime Minister Mark Carney, who has vowed to pursue a new economic and security partnership with the U.S. while acknowledging that the trend of “deep integration” between the two countries is over.

The American lawmakers say that long-standing relationship must continue, with trade, tourism and defence partnerships among the key areas where collaboration is critical.

“We have to do this stuff together,” Republican Sen. Kevin Cramer of North Dakota told Mercedes Stephenson in an interview that aired Sunday on The West Block.

“We’ll be better at it if we’re friends than if we’re just tolerating one another…. I’m just here (in Ottawa) to say thank you, and then to encourage Canadians to take another look and give us another chance.”

Canadians, along with various levels of government, have turned their backs on the U.S. since Trump imposed sweeping tariffs on Canadian goods and voiced his desire to make Canada the “51st state.”

Statistics Canada has reported four straight months of steep year-over-year declines of return trips to Canada from the U.S., and some states such as California have launched ad campaigns to try to lure Canadian tourists back.
Click to expand...
The Canadians should have just laughed in their faces and told them to impeach the imbecile who is trying to wreck their economy with his tariffs and threatening them with a hostile takeover and making them our "51st State". That Republican Senators participated is especially rich, given that it's their party's leader who has caused the backlash that's hurting their state's economies in several ways. FAFO, as they say.
 
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