Jim Rickards: Trump Prepares to Drop the Hammer on Amazon

[allthingsluxury]

President Trump has ratcheted up his war of words against Amazon.

Late last week, Trump tweeted that Amazon is having a negative impact on competing retailers, as well as the federal and local governments:

I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no taxes to state & local governments, use our Postal System as their Delivery Boy (causing tremendous loss to the U.S.) and are putting many thousands of retailers out of business!… This Post Office scam must stop. Amazon must pay real costs (and taxes) now!

Then there was this morning’s tweet...


Click here to read the full article:

https://jimrickards.blogspot.ca/2018/04/jim-rickards-trump-prepares-to-drop.html

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[JoshuaBlack1]

This is actually a surprise. I agree with him thinking amazon is having a negative effect on the economy! If you sell on amazon and become a high volume seller its in their business model to go to the exact factory you buy from (you have to provide that info to them when you become a large seller) and sell it themselves. If this isn't a monopoly I don't know what is.

[BADecker]

Checking in On Rickards' Bitcoin Crash Prediction

On February 14, Jim Rickards predicted Bitcoin would plunge to $200 today. Let's compare his prediction to actual results.

Bitcoin Futures

As of 6:00 PM central on April 17, I note that Bitcoin is at $7,895.

Whale Dumps

That huge red candle today is a result of Bitcoin Whales Dumping $100 Million of Digital Currency in 24 Hours.

Had Rickards predicted Bitcoin would drop $200 today instead of dropping to $200 he would have been accurate.

I am not a believer in Bitcoin, even though I am a believer in the technology. Regardless of what one believes, that was an idiotic prediction by Rickards.

I do not mind bad calls. I have a collection of them myself. However, I rather doubt Rickards believed his own call.

It was clickbait to get one to purchase some product. I cannot stand this kind of shill reporting.

Read more at https://www.themaven.net/mishtalk/economics/checking-in-on-rickards-bitcoin-crash-prediction-sechlNkcF0WkA8CjKU--NQ/.

[allthingsluxury]

Without a doubt, Amazon is artificially stifling small businesses.

[Sithara007]

Without a doubt, Amazon is artificially stifling small businesses.

So? Here in India, none of the other retailers can compete with Amazon in terms of quality and price. So they are indulging in all sort of negativeness, such as spreading propaganda against Amazon and manhandling the courier guys. This is not going to work, I am afraid.