@cherylbesslynn @Cobb_XRPL To be the backbone of global payments it needs a price of at least 5,000-10,000. It needs to be high enough to make quadrillions in transaction yearly. And tokenization could up the price too.
@lockdownwasdum1@danushman@WallStreetMav Yeah but you have to understand other countries tariffs the crap out of us and our tariffs are nothing to them compared to the ones they have on us. Also we need the tariffs to make it easier to refinance chinas bonds so ww3 doesn’t happen.
@lockdownwasdum1@danushman@WallStreetMav Companies out of the country have been dominating American ones for years because they have 2-5% tariffs while American companies gotta pay outrageous tariffs like 70-90% to export their stuff to countries like china and Vietnam, and other consumer countries.
@oloverink @RobSeanBTC @mob_dago @BeeoftheWilds @mmpadellan The prices are already going down because the stock market is down lol. And the prices will especially go down when the fed lowers interest rates due to stock market crashing down.
@RobSeanBTC @mob_dago @BeeoftheWilds @mmpadellan Yeah, out of country companies will raise their prices until no one buys them and consumers only buy American stuff. When they aren’t making sales they will have to lower the prices back down, and out of country companies will lose money
@ram3979@osu_grad98@Itsrigged0519@smc429 Because then the stock market is down, the fed has to drop interest rates, making it easier to refinance our 34 trillion in debt, and it makes everything cheaper, and makes the housing market a lot easier to maneuver.