William Crossen

Here for XRP. That's about it.

[William Crossen @RxRCrossen]

@RegimentGG Navy

[William Crossen @RxRCrossen]

@RegimentGG @2K @Borderlands What gives? I dont see it available to request at all.

[William Crossen @RxRCrossen]

@BCBacker And you are usually my catalyst to do something. You're the man BCB

[William Crossen @RxRCrossen]

@OscarHdz0120 @42Pros @BCBacker @TheJoeySwoll Swolechain Backer

[William Crossen @RxRCrossen]

@dj_justincase @BCBacker See ya!

[William Crossen @RxRCrossen]

@OscarHdz0120 @BCBacker Bro yes!

[William Crossen @RxRCrossen]

@darc_night @BCBacker That exact same thing happen to me. I decided to pull 65%. Just felt right. @BCBacker was always confident about a run until he noticed something wrong. I'm fine with that.

[William Crossen @RxRCrossen]

@BCBacker Yeah i pulled put 65% already. What the heck! Been in since the 23 cent days. Don't really feel bad about! You've done so much for me already since then my friend. Thanks for being awesome!

[Blockchain Backer @BCBacker]

I rarely chime in deeply on topics outside of charts. But, I think I'll chime in the tariffs thing a little bit because I do understand how this impacts small businesses and why they are freaking out.

1. The U.S. does not have the infrastructure in place to support manufacturing in the the country. Nearly all of the items made overseas are done so because the factories don't exist in the U.S. to do so. Even if they did, we'd need to still import materials.

But the idea of "just make it in America instead of overseas" is a misconception. It's not a choice of "it being too expensive so I'll choose somewhere else," it's a necessity as "it does not exist in America."

2. Enforcing high tariffs doesn't cure that immediately. It will take years for facilities to be built.

3. The profit margins for small businesses are going to be squeezed to zero from product costs. Anyone operating on a 20% profit margin effectively loses their entire margin with the tariff, unless if they raise their prices equivalently, as it is the U.S. company who outsourced the manufacturing who pays the tariff bill. So, small businesses become unprofitable without raising prices to match the new tariff cost.

4. Demand is going to collapse. Especially with the stock market selloff. Now, demand is going to be cut in half as everyone is going to tighten up their household budgets to weather this stock market and economic storm. We saw this in the first initial months of Covid. Sales picked up once stimulus checks and insane unemployment payments were going out, along with people bored at their home with nothing to do but order on Amazon. But, without those specific elements, demand collapsed. And it did, demand collapsed for the first couple of months.

Now small businesses will be met with higher product costs along with collapsing demand. A recipe for going out of business.

So, without manufacturing facilities already available to produce goods, the economic recipe for the foreseeable future is actually quite bad.

Which begs the question, will Trump really go forward with all of this? Or come out and delay it and have another plan? There isn't manufacturing capability in the U.S. for the years ahead. And, prices to import will skyrocket, along with collapsing demand, killing many businesses.

It just doesn't seem like he can really go through with it without destroying the small business sector. There has to be some kind of plan beyond this.

[Blockchain Backer @BCBacker]

OMG

[William Crossen @RxRCrossen]

@BCBacker It has been declared!

[Jesse Watters @JesseBWatters]

BREAKING: @KamalaHarris’ Fox interview was so bad that Nancy Pelosi is asking @JoeBiden to get back in the race. Kamala spent more time defending herself with @BretBaier, than she has defending the border. She used the interview to blame @realDonaldTrump for people dying ON HER WATCH and she never once touted the accomplishments of the Biden administration. She explained her campaign slogan, “it’s time to turn the page” really just means it’s time to turn the page on Trump. But 79% of the country wants to turn the page on her. All Kamala Harris wants is to prosecute Trump, but America doesn't want a prosecutor — we want a president.

[William Crossen @RxRCrossen]

@1CarlStanley @BCBacker I think he's doing just fine.

[Altcoin Daily @AltcoinDaily]

Donald Trump makes EPIC promise to US crypto holders:

[William Crossen @RxRCrossen]

@BCBacker Go live!

[Matt Walsh @MattWalshBlog]

Impeached. Arrested. Convicted. Shot.

Still standing.

[William Crossen @RxRCrossen]

Trump shot on the anniversary of #XRP $XRP's clearance. Interesting...

[Elon Musk @elonmusk]

I fully endorse President Trump and hope for his rapid recovery

[William Crossen @RxRCrossen]

@BCBacker Talk to me, Goose!