GeoffCygnus

105 posts

GeoffCygnus

GeoffCygnus

@CygnusGeoff

Volunteer Real News Reporter TikTok: geoffcygnus Rumble: geoffcygnus YouTube: geoffcygnus Support my coverage via Zelle: [email protected]

Katılım Ağustos 2023
0 Takip Edilen32.2K Takipçiler
GeoffCygnus
GeoffCygnus@CygnusGeoff·
When it comes to Iran I wanted to weigh in with my opinion, but recognizing the fact that I'm not going to change anyone's mind, I decided to do something more productive. Research the objective numbers and share them with all of you: Current national debt: $38.8 trillion which greatly exceeds GDP Current national deficit: $1.9 trillion, projected to rise to $3.1 trillion within the next decade Current annual military spend: roughly $1 trillion, with the administration trying to push it to $1.5 trillion Total cost of the Iraq war: approximately $2 trillion ($2,000,000,000,000.00) Total cost of all wars post 9/11: on the order of $8 trillion When you compare Iraq in 2003 when the US invaded to Iran today, Iran has a population that is 240% larger, a military that is 40% larger and the landmass is 280% larger. I haven’t seen any credible budget or macro analysis that suggests any of this could work out financially in the long run. Where do you guys think this is headed 🤔
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GeoffCygnus
GeoffCygnus@CygnusGeoff·
Tariffs have had very little effect on my business. We do a lot domestically, so I am not personally hurt by them 🇺🇸 What still amazes me is how many people do not understand who actually pays for tariffs. It is not foreign suppliers. Most of them already run on thin margins. They cannot absorb a ten or twenty percent tariff and stay in business. They push that cost to U.S. importers, who push it to U.S. retailers, who push it to you. In practice, tariffs function like a federal sales tax on imported goods. Multiple studies have shown that approximately 90% of the cost of tariffs is passed on to the consumer. So when people cheer “record tariff revenue” as if it is coming from someone else’s pockets, they are cheering a tax on THEMSELVES 😆 This means when you buy s*** quality overseas suspension that is hundreds of dollars more expensive than it was a couple years ago, you are not actually getting something worth more money. Instead, you are paying a hidden tax. Cygnus Performance X-1 coilovers are different. We have not raised prices in almost three years, so not one cent of tariff money comes out of your pocket when you buy our product. This is just one of the ways you get better results, better value and more for your money with Cygnus Performance 🤙
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GeoffCygnus
GeoffCygnus@CygnusGeoff·
I could literally give you dozens. Almost all of my competitors in the aftermarket suspension business raised retail pricing on consumers to pay for the tariffs. In many industries there's no other possible outcome. The overseas suppliers / manufacturers are operating on very thin margins as are the importers and retailers. Every industry is different, but I can assure you that in my industry the vast majority of tariff revenue came directly out of consumer's pockets. This is not at all about political ideology for me. It's just objective economic facts.
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WedNightDinner
WedNightDinner@DinnerWed·
@CygnusGeoff I don't follow studies. You should know those are just made up BS. Can you give one real life example? I know a few manufacturers who were paying them up front waiting to see what happened
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GeoffCygnus
GeoffCygnus@CygnusGeoff·
What a completely f****** ridiculous situation this is 🤦🏼‍♂️ The Trump administration may have effectively *rewarded* U.S. corporations for not manufacturing in the United States. I know I said I probably wouldn’t make a third post about this, but the irony of today’s Supreme Court decision is too much to ignore. For those who missed it: the Supreme Court struck down Trump's “emergency” global tariffs today as unconstitutional. The duties were real, though, and importers have already paid well over $100 billion of them. Now those importers can go after refunds. You, the consumer who actually paid for the bulk of those tariffs through higher prices, GET NOTHING. Here’s how it worked in practice: U.S. companies who source or manufacture products overseas paid the new tariffs when these products entered the United States. Largely, they paid these tariffs by raising retail costs on the consumer which means US consumers are the ones who paid extra. Now that the legal basis for the tariffs is gone, those same importers may get back a big chunk of what they paid. If that happens, they keep the refund which means their profits on foreign sourced and manufactured goods increased... rewarding them for not making products here in the US. The *opposite* of what the administration was apparently trying to do. I manufacture in the United States. I didn't raise prices to cover these tariffs because my product isn't some cheap offshore import. That means I didn't charge anybody extra, and I won't get a single dollar of these refunds. So the net effect is this: companies that offshored production, imported tariffed goods, and passed the cost on to you may now get a giant retroactive payday. Companies actually building things here get nothing. Tariffs were sold as a way to punish offshoring and protect American industry. In reality, they ended up taxing American consumers and, after today's ruling, potentially rewarding the very businesses that moved production overseas. Brilliant.
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GeoffCygnus
GeoffCygnus@CygnusGeoff·
There have been multiple studies that show that approximately 90% of tariffs are paid for by consumers. Most foreign manufacturers already run on thin margins. They cannot simply absorb a 10% or 20% tariff. They pass this cost to the importers who then typically pass it to retailers who largely pass it on to the consumer. So the retail prices end up going up which covers the vast majority of the cost of the tariff. This is absolutely what happened in my industry. Sometimes importers or retailers may absorb a bit of it, but I think the 90% figure is pretty accurate.
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GeoffCygnus
GeoffCygnus@CygnusGeoff·
American politics: Promise to fix the debt tomorrow. Make it worse today. Repeat.
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GeoffCygnus
GeoffCygnus@CygnusGeoff·
@BrianWa08257185 I'm in the same situation.. literally just paid for the annual subscription because they made me do it in order to use auto captions a few weeks ago.
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econ3000
econ3000@BrianWa08257185·
@CygnusGeoff WTF? They banned capcut as well? I have a pro subscription! What am i gonna use to make videos now? This is insane.
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GeoffCygnus
GeoffCygnus@CygnusGeoff·
@MikeSanto_ It was very strange. I made a video about things that didn't burn which used some of this same footage. Unfortunately after getting tens of millions of views it was inexplicably pulled off of most platforms. Ironically it's still on YouTube which surprises me.
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Mr.Mike🇺🇸
Mr.Mike🇺🇸@MikeSanto_·
@CygnusGeoff Why did this video just gloss right by the one car that was not burnt, right in the middle of all the other cars that are completely burnt to the ground. Did that not stick out?! Was it not strange?
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GeoffCygnus
GeoffCygnus@CygnusGeoff·
Thanks Mark! I'm glad you found my coverage helpful. I'm going to do my best to continue to post on here now that my life is a bit less chaotic. I spent a lot of time looking over at Molokai, but I've actually never been there. Would love to go someday. I always thought I had time when I lived on Maui because I never planned on moving away.
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Mark House
Mark House@Organic729·
@CygnusGeoff I lived on East Molokai for many years with Lahaina easily visible across the Pailolo Channel. Your coverage of the Maui fires was first rate and objective reporting. Your detailed commentary and videos on X were my go-to source for information. Mahalo.
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GeoffCygnus
GeoffCygnus@CygnusGeoff·
@CanadasClown Thanks Doug! I appreciate the support. I really only did as much as I did out there because of people like you who found my coverage helpful 🤙
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GeoffCygnus
GeoffCygnus@CygnusGeoff·
@SuzyofHawaii Absolutely that is what happened. Thank you for the kind words and support! Hawaii is a beautiful place, and I hope to continue to do my small part to help make it a better and freer place to live.
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Suzy
Suzy@SuzyofHawaii·
@CygnusGeoff He made money off of you by bashing you on his platforms. Glad you are setting the record straight Geoff. We appreciate what you did for Hawaii 🤙💙🕊
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GeoffCygnus
GeoffCygnus@CygnusGeoff·
@kstewskisAZ I didn't want to go into this on TikTok, but he also went after my things that didn't burn video. I may do a part two to all of this, but I've got a bunch of other content to work on. Unfortunately I didn't have time to set the record straight at the time when this was going on.
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GeoffCygnus
GeoffCygnus@CygnusGeoff·
What do you want to know regarding Maui? I'm working on more content. It seems people have a lot of questions for me. I don't have all the answers. I'll tell you what I know. If I feel that speculating or giving you my opinion is helpful I'm happy to do that as well 🤙🇺🇲
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GeoffCygnus
GeoffCygnus@CygnusGeoff·
I've always had trouble coming up with New Year's resolutions, and I think that's a good thing. If my life leaves something to be desired I take action immediately if it's within my ability to improve the situation (such as getting my wife and I the f*** out of the state of Hawaii). I don't wait for some drunken epiphany on December 31st to pretend everything will be different in 2024 and neither should you. If you want change do it now. With how fragile civilization is looking do not wait for 2025 🤙
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