The debut of a ProShares fund tracking Bitcoin futures galvanized the market in 2021, but there were plenty of other superlatives to go around.
(https://assets.bwbx.io/images/users/iqjWHBFdfxIU/iPnenNIYmEzg/v1/1000x-1.jpg)
Even beyond the launch of the first U.S. Bitcoin futures ETF, cryptocurrency funds notched some notable global milestones in 2021.
The number of crypto-tracking investment vehicles worldwide more than doubled to 80 from just 35 at the end of 2020, according to Bloomberg Intelligence data. Assets soared to $63 billion, compared to $24 billion at the start of the year.
Crypto is claiming an ever bigger share of the global investment landscape as inflation concerns mount and speculative forces continue to percolate — despite sometimes hair-raising volatility. Bitcoin, the world's largest cryptocurrency, suffered a 56% drawdown from April to June before hitting an all-time high in November, only to fall more than 30% in the following weeks. But that has done little to dent a record flood of cash.
"Globally, it's obviously a phenomenon that's starting to take off," Leah Wald, chief executive of crypto asset manager Valkyrie Investments, said on Bloomberg's "QuickTake Stock" streaming program. "If you look at inflows on a volume perspective, not only has it been steady even with the price corrections that Bitcoin is notoriously famous for, but you're seeing a lot of institutions jump in."
Grayscale Investments LLC is the largest asset manager in the digital-assets space, with the $30 billion Grayscale Bitcoin Trust ranking as the world's largest crypto fund. Fund providers such as Michael Novogratz's Galaxy Digital Holdings and Bitwise Asset Management also control billions.
While the majority of 2021's fund launches were outside the U.S., the October debut of the ProShares Bitcoin Strategy ETF (ticker BITO) was the biggest attention-getter. It took just two days for the fund to accumulate $1 billion, making it one of the busiest starts for an ETF on record. The initial surge in interest showed the degree of pent-up demand for crypto exposure among U.S. investors in ETFs. And yet, unlike an ETF directly connected to spot Bitcoin, these futures-backed products are vulnerable to so-called roll costs associated with managing contracts. It's likely that investor demand would be even higher if physically backed funds were allowed to launch in the U.S., according to Bloomberg Intelligence.
"I can't help but think that the assets in this space would be even larger if we had more efficient structures, like spot ETFs, in the U.S.," said James Seyffart, Bloomberg Intelligence ETF analyst.
Indeed, flows into the ProShares fund have stalled, with the ETF down more than 30% since its mid-October launch. Meanwhile, similar products from Valkyrie and VanEck have less than $70 million in assets combined.
Valkyrie's Wald is optimistic that flows will pick up in 2022. Institutional money managers are likely waiting to see how the U.S. futures-backed ETF handle the roll costs, she said.
"That specific vehicle, I think a lot of money managers want to look at the metrics before jumping in," Wald said. "We're excited about what next year has to hold."
Love the content man keep your stuff up
Youre a great teacher️
good , thanks, Appreciate
This is beautiful...
Ok
This is good info, as a beginner it was very helpful. Easy to understand and to the point. I paused the and took notes to remind myself of the CEST which I feel is very important. The reward to risk ratio is possibly the most important lesson I've learned
Watching your s helped me so much. You have helped me become a profitable trader.
Stupid long . A dislike has been applied
BoA just started charging me the monthly $12 checking account maintenance fee again.
Getting fuel prices back down would help tremendously to lower inflation on goods that are trucked around the country. Dealing with port congestion would also have a tremendous impact. The biggest cause of inflation, however, is the fact that the Fed added 35.7% to the USA money supply in just a year and a half. When you dilute the dollar by that much how can you NOT have inflation? That was a huge gift to Wall Street investors, of course, including our politicians in both parties. (Just look at the growth in the S&P 500 since that money printing started.) But for everyone else it means that their wages and their savings now have less buying power. Our government no longer represents we the people - neither party. Instead they represent the billionaires and corporations who fund their campaigns. This includes the wolves in sheep's clothing who feign outrage against the corporations and the rich. All you have to do is follow the money.
This would be so much better if they were treating the fed as the criminal organization they are instead of can them help do this or do that ... but sure I forgot the channel too is a part of the criminal organization... simply put they skimmed off the top and robbed middle class blind through years of money printing
according to anything that's going up is in a bubble
You'll get used to it. - Love, Argentina.
Short answer, no.
That's why Bill Gates bought so many lands.
Maybe don't do anymore stimulus payments because all they do is create more USD
socialist has worked out for them. Keep voting for the democrat party and we will all enjoy the equality of poverty.socialist economic policies always fail,and only lead to the collapse of a nations economy. Just ask the people of Venezuela how voting for liberalsWhy are people surprised inflation is rising? History has proven time and time again that liberal
Remove the second "i" and that's what you're left with.
Its time for money to exit the DXY and go into cryptocurrencies.
Sure raise the interest rate to 20%
What about loosing a huge percentage with every transaction? Conversion rates are high. Individuals that they claim to help are paying the most while companies are getting rich with every transaction.
-NPU0YNuq2Eyoutu.beThis is why Deagle predicts US population will be down to 100 million in the next few years. Economic and monetary collapse. https:
We definitely need term limits for these ol heads.
People aren't suddenly spending a larger percentage of their wages on new stuff. This is a lie that media and this administration are trying to use.
when are men going to stand up and take back..
Brooks for U.S. President 2024
Yes. You can put "an entire law library into a chip of big data." How is this person allowed to speak into a camera or talk on any subject.
Well I am glad I payed off my debt and I am going to sit on the side line and save save save and watch and wait to see what happens
Great Vid!
Inflation is a tax on consumers that doesnt require a vote in Congress.
Whats proof of marshmellow?
the CPI isn't tracking energy and food since the early 80s ... inflation is like 15-20% in real terms ... #buybtc
"Smart People" - Attempt to reduce all life to a graph
My biggest worry about crypto is that the left will ban it because they want absolute control over Americans access to money and are already pushing for complete irs monitoring of banking transactions.
What are the benefits of media exaggerating things like potential inflation and turning into an unsolvable crisis? Do you miss all the drama that Trump could give you on a daily basis for news? Back off using words like crisis until it is one.
Lol
They want the crash. Want disempowers people. 2% is ideal? How stupid. Retire the idea of short transitions? Listen to how disempowering he sounds, and wants to leverage? The Fed DOESN"T WANT STABILITY! WAKE UP! It was created in 1913 with concealment of what the objective was. How did that even stick? Don't you get it's a cartel? If you want stable economies, use a stable currency. buxxb ...
Mr Emmer what is the price discovery of gold and silver? XD and all other finances 1.0 if you print money and give it to the bancs that has the assets!!
Sure it can, they just dont want to stop inflation.
For a long time, China has been helping the United States to control inflation. Through a large number of cheap goods, it has helped the United States to keep inflation within 2% even when Federal Reserve printed a large amount of money. This kind of help to the United States even forced China to import a large number of oils and resources, and produced huge pollution and emissions. But Trump launched a trade war, drastically increased tariffs, as a result, increased the prices of Chinese goods imported by the United States, and coupled with the largest printing of money in human history. Thereby, it is so reasonable that the inflation was naturally out of control.
Brandon is in high demand. Let's go Brandon!
its been months
A recession is when your neighbor loses his job. A depression is when tounlose your job. A recovery is when dr Fauci loses his job.
bruh btcs value isnt from its utility. its a modern immutable store of value
the ultimate bubble is going to be the US Dollar, and the catalyst will be the bond market...then the Teslas and techs will follow suit
Biden said that the administration is "closely monitoring" inflation. Safe to say NO, the govt cannot control inflation.
Super positive session there ... bullish
Homes will never crash
yes but in order to do so they would collapse the stock market and housing market.. this is all intentional to destroy the dollar to move to a digital fed currency for complete control.
That's why Bitcoin value keeps rising because they're printing fiat money like crazy.
"Actually, nobody can see a bubble; that's why it's a bubble"
great
Stop inflation is stopping raising price of the products Way before that stop private bankers lake federal reserve control United States currency The trouble started when Woodrow Wilson sold out America and Americans People in to federal reserve crooked banking On December 24 1913 Make no deferent Who getting to be elected Republicans or slow democrat's Everybody's Who can control the currency can control the country
Inflation is width the government needs But not the people
awesome! I am very pleased that politicians are finally seriously addressing the issue. Germany is years away from that again ...
Is this person right to think graduate degrees give more skills? I thought working in the job did that.
Having Tesla in the thumbnail always helps with audience engagement lol
Were already in a stagflation.
That seemed more like commitee R&D for their own CBDC.
Transitory
Lol just because Jpow said it's not transitory, doesn't mean all inflationary pressure isn't transitory... Transitory supply chain related inflation is going to recede to natural levels.
Coinbase is the worse! They should be bannned!
Remember when you guys said this was a problem?
First "the will be no inflation", second "the inflation is transitory", what´s next?
Diversity and under-representation concerns with banking and minority wealth creation, CFTC and SEC common regulatory regimes, asset regulation properties and risk-gradientization vs binarization as "is security" or "is not security", spot Bitcoin ETF confusion despite futures ETF prices coming from spot prices, zk-snark-based tax ids and digital zk-based digital ids generally, FDIC insurrance on stablecoins taking into account USDC's similarities to and differences from a bank, CBDC principles, broker definition clarification and narrowing...all good stuff. Keep it up y'all! Looking forward to the next one.
you poors who thought 15 years ago a home in vancouver costing 700k was a bubble must be crying so hard now that the average since family detached is closer to 3 million...wish you had purchased back then huh? hahah losers
Basically no one knows, and its made up.
Tesla is the next amazon
vulnerability.War or cryptocurrency backdoor
keşke otomatik şu altyazı olayını çökseydi
nobody even noticed that whole thing is a Ponzi scheme. I am sure the campaign fund balances went way up.
Just another slick willie. How can you compare druga that make a drug company rich to this stuff?
Bidenflation.
uce all life to a better graph
The entire economy due to what I got on the "BACKBURNERS"
has got to be one of the last remaining mainstream news outlets that does actual reporting. This is a great article, good job !
Inflation is a great way to steal the wealth of the people, and Get rid of government debt Faster. Central banks are a Communist utility. A great way for the Oligarchy to bankrupt a nation And impoverish the people. It Is a debt-based system. All fiat currency returns to it True value. ZERO. this is why some of the founders Fought the Bank of England Tooth n nail. Obviously they Lost. This why per the constitution, central banking Is illegal. Its stupid to pay a private bank to print money, When you have the ability to do It yourself. A central bank is the easiest way to take over a country kinetic war is way to harder And much to costly in every Way. Besides, by using a bank, The people dont recognize that Theyve been turned into Slaves. In 1815, Rothschild made his famous statement: "I care not what puppet is placed upon the throne of England to rule the Empire on which the sun never sets. The man who controls the British money supply controls the British Empire, and I control the British money supply." . And so the same goes for The Corporations called the United States of America and The United States. Both are Separate corporate entities, Just as London and the City of London are separate Corporate entities.
OF COURSE THEY CAN BUT THE GREED IS SO WORTH KILLING PEOPLE AND RUINING THEIR LIVES!!!!!
It took Biden less then a year to destroy our economy.
Bitcoin is the best way against inflation
The higher the Gini coefficient the worse the impact of inflation. Rich people aren't really going to spend extra on essentials but they will do it for things that make more money which are things that they can control supply.
The inflation, Afghanistan, forever Covid, supply chain issues, Ukraine, Iran again enriching uranium and more are attributable to the global chaos Trump unleashed.
I don't think liberals understand how the economy works.
Something is going on in the world and dealing with the sells of idea
To be clear the Federal Reserve is not federal and has no reserve. They are only here to rob the american people of the value they have created.
CRYPTO IS A BUBBLE
The original title was, Can the Feds stop Inflation? Pretty sure I saw that title, it has only been like an hour or so...
#DBA
Excellent and even handed !
Is it possible that 'The Fed' uses ossified factors in their calculus? This presentation illustrates that several 'blind-spots' have taken 'The Fed' by surprise.
Short answer - No
Easy: Make Money more expensive (higher intrest) inflation falls, make money cheaper inflation rises. A lot of national banks do this for a century and it works!
I am already loving this . I heard for the first time the analogy with the 3 people required to drive a car from Andreas Antonopoulos and it's great to see they have probably watched his s to get Bitcoin education
Houses have double in price in two years practically. Thats hyper-inflation. Plus how is housing only 31% of CPI when it accounts for more than half our paycheck.
The bubble will pop in accordance to what monetary and fiscal policy allows. Allow interest rates to rise and the bubble pops. Allow inflation to run and the bubble grows. Pick your poison. Good luck everyone, stay safe.
s during the Restrictions this would not happen ️️️
At least Sherman called out con-base ha ha.
10:44 the arrogance of this guy, get off your phone how disrespectful to the man sitting directly behind you can you be. you know the camera is on so do you not conduct yourself with the the professional dignity your job deserves. he has disrespected the people he works with and himself.
gallon of petrol in America This really will make Vice President Harris giggle when she is asked why - can't ask Biden he doesn't know what day it isBefore the Weimar Republic collapsed, the inflation was exponential in Germany paving the way for the rise of Herr Hitler Soon they will be paying $US100
Well done mini-documentary, usually the economics is poorly done by mass media.
One sided and biased coverage
green wearing his mask in his office LOL wtf dude,
END THE FED!!!!
Over 67%+ of Americans unemployed permanently!
The economy as an ocean is frothy (full of bubbles); deal with it.
Though the help of ️.I was able to add $5,000 to my bitcoin wallet for me to start business. Guys here in Australia mask have really been good to us all
Long term watching this rn :-
Inflation is running out of control - sad to say
commerce educated) opinion, the most bubbly thing right now? S&P 500.OK I hate how their definition of a bubble is super unclear. Tulips were also a "thing", like lumber, and in 1600s Netherlands that was the DEFINITION of a bubble. So I'm going to take a stab at this definition - Supply chain causing shortage is not a buf, bubbles exist on a scale. In my (not economicallybble, because demand has not gone up due to speculation. Seriously, who's going to speculate on lumber? Maybe a few individuals, but speculation itself is difficult to do, and everyone believed prices will come down. Housing right now is more of a bubble, because demand has gone up due to the pandemic, it's drawing investors, and creating a cycle of inflating prices. But Odyssey guy is right, there is a supply issue too. Prices going us is not a bubble, speculation and investors over-stretching due to FOMO creates a bubble. It's also not a boolean t
Are the people in charge of the Federal Reserve voting their own financial interests or those of the very rich or their own obligation to the country?
I see HOGE.Finance representing with his mask behind the Lady speaking at 46:19
When you print more money anytime the economy has a dip and give people "relief funds" aka money for no reason. You will have to pay ot back through inflation.
Ask the 1500 new billionaires created during COVID to return the stolen currency?
Turkey the best example of not increasing interest rates :-)
GameStop is not a meme stock. You lost, deal with it
Try buying back their dollar
they say it is all open etc., but the reality is it will all be owned by the few just like what happened to the internet in the first place. same hollow claims.
Oil stocks aren't overpriced imo, still relatively low. But will probably also go down if a substantial correction occurs.
If you don't own a house and stocks you are doomed.
The US Federal Reserve on stopping inflation: "Wish I could, but I can't. Well, can, but won't. Should, maybe, but shorn't... What part of shorn't don't you understand??"
Very informative , well the crypto market seems to have waken up in a bullish pattern and a better season to go into bitcoin day trading with a working strategy and signals backed with the help of a pro which turns out be so accurate and profitable. Oliver Walsh has been a real mentor so far which have been able to grow my portfolio from 1.1btc to a total of 7.8btc through daily trading.
It's everywhere from the stock market, crypto, even in housing market, spac IPO and more. When investors are investing in assets that are actually losing money, in effect they are just subsidizing the insiders on that company.
Mr Gonzalez, if you support crypto you have my vote sir.
Buy DBA tokens
Dogelon Mars
Кучку мошенников нужно было прям в зале арестовать!
Why until now you have realize that your exaggeration of outsourcing in China is the main cause of inflation. You need to generate jobs and production locally. Too much advance thinking ha, go back to basic.
ah yes another possible major financial crissis,what a time to be alive
No, inflation cannot be stopped.
Also, i cant wait until congress finds out that if you type the wrong address when transferring wallets, you lose all your money. Lol. Clearly will be forced to be fixed.
ıs enemy of tesla or what !! fckıng anımals ! calls urself ınvestors or lıars fırst place!
decoupling from china; how ta hack not cause inflation. increase wage 1.5XKickout immigrant
We all know why gas prices are up so why do they blame it on inflation?
Yes stop governments printing trillions
Buying power has fallen for any 2 year period since 1968. So this news is >50 years to late. We are now in the same cycle of all unlimited governments swapping between Fascism, Communism, and Fundamentalism. The only solution now is Exodus and leave the Nazi planet behind.
Any body who believes this propaganda is dumb.
Lucid and Rivian are bubbles which will pop soon in a year or two
"Actually, nobody can see a bubble; that's why it's a bubble"
It will pop when you least expect it.
The difference between bitcoin and Tesla is that Tesla produce something that is tangible unique and is self supported by the most advanced technology in its market, It has mega factories ready to produce, It is also an energy provider, Solar, and has an infrastructure of the largest charger network. Telsa cars are the fastest and safest in the world.
BITCOIN
Late capitalism
early gang
I'm sick of J Powell and Dr fauci
If gas jumped 50% and cars jumped 25% then no way inflation is at 6%...
It will pop when you least expect it.
Stop increasing money supply to stop inflation. Econ 101
s during the Restrictions this would not happen ️️️
Lmao imagine saying that inflation happens because someone asks for a raise. What about not lying for once? People are desperately asking for a raise trying to keep up with the rampant inflation that money printing creates
NO! the USA is simply insustainable the cost to live as we do is too much, borrowing to pay debts has never help anyone in debt.
Very informative , well the crypto market seems to have waken up in a bullish pattern and a better season to go into bitcoin day trading with a working strategy and signals backed with the help of a pro which turns out be so accurate and profitable. Oliver Walsh has been a real mentor so far which have been able to grow my portfolio from 1.1btc to a total of 7.8btc through daily trading.
Played with the donkey and all we got was the D! LET'S GO BRANDON!
It will just be an easier way for ilicit transactions to take place..... Then the feds will not tracked all that money because they dont care.....
"Post pandemic". You sure?
Complete hysteria. While it is higher, inflation is not currently a crisis. COVID is now a dud, so the media needs to do whatever it takes to keep people afraid. With how horribly the US reacted to toilet paper shortages, and now price spikes due to supply chain issues, I imagine that a real crisis would make the country collapse.
Venturing into the trading world without the help of a professional trader and expecting profits is like turning water into wine, you would need a miracle, that's why i trade with Melinda Dixon, her skills set is exceptional..
bingo at 11:00 minutes, hmm we need to strengthen the workforce in America, too much power to various companies and employers who export American job labor and now are anti-union. If the minimum wage had matched inflation from 1968 we would be looking at 2021 rate of $25 per hour to allow persons in America, to afford to save for homes, rent cheap, save for emergencies and generate wealth for all Americans but with the minimum at $7.25, we have a poverty wage and over 40%of the American workforce is living pay check to paycheck, millions fell into poverty in 2020 pandemic. The freakin child tax credit literally lifted some 20 million-plus children out of food insecurity. Too many hedge funds and private equity firms driving up housing, rentals across America in all 50 states, and we are about to remove 455,000 truck drivers off the roads in less than 10 years with automated trucks, is one another example of millions of families being affected with job changes and the economic change of America in the 21st century.
I hate these idiots. I've lost so much money just for being a U.S. citizen.
The dollar is a bubble
Why are you using fake graphs for Gamestop, you are saying that gamestop went 1900% up (which is correct) and the chart points out over 8000%. Many times on TV i cringe when i see bad data visualization, especialy on TV Networks that have the budget to create proper charts, it makes me think that they use them in malicious way.
TLDR:
I wont use this and as evidence and tell yourself that you are worried Bitcoin and Tesla will crash. Be safe in everything you do but I would call this irrational fear. The entire US government and US dollar is based of loans and debt. You give and you take. Buy Bitcoin. Buy Tesla. Take what you want. But never forget to give back. If you take. You have to give. People should be more concerned about what they are going to do with all this fast cash in order to help people other people survive. There are 8 billion people on this planet. 10% and I would suggest more are starving to their deaths. That is what we should be talking about. Repaying our debts. Giving back. I hate to burst your bubble. A bubble burst is the least of my concerns.
Inflation is really caused by three things 1. Low wages 2. Tax avoidance 3. Outsourcing Everything after is just reactionary and not the cause.
I see HOGE.Finance representing with his mask behind the Lady speaking at 46:19
There is no recovery coming until Bankers are willing to pay to hold our money , real interest rates without printing more money it happens in a flash crash it happens in a flash. 25 bases points a month until we reach 5% would do wonders ! Just sayin
Dogelon Mars
Stop printing money , gold to dollar ratio is poor in us wake up or you will next venesvala
Refugees Token is the next 100x
my boyyyyyy bankman frieddd
stop giving handouts, stop waiting for handouts, go back to work...
What about loosing a huge percentage with every transaction? Conversion rates are high. Individuals that they claim to help are paying the most while companies are getting rich with every transaction.
F J B
They said the same thing about bitcoin when it hit 8k per coin. 5 years after, It jumps to 50k per coin.
they say it is all open etc., but the reality is it will all be owned by the few just like what happened to the internet in the first place. same hollow claims.
How can one let politicians question CEOs for the crypto community without none biased experts?
LETS GO BRANDON YOU SOB
Nope not when we keep printing all this $
GME AMC
interesting are you trying to cover for the Biden Administration after they told you how to cover the failing circus in closed door meetings
Oh yes my wealth is increasing 10x
Certainly not Bitcoin. Try house prices.
after graduation, I learned something from I can't forget, people don't want to fix problems so to take advantage of it. inflation cant be stopped because people up there makes use of it. low interest rates has little to do with growth, it only grows the financial markets. growth is about the people providing innovation or output.
Try buying back their dollar
Yeah, raise interest rates by .25% every 6 months until you reach 2%, then stop! The reason raising rates screws up the economy is that they go too fast. Give those Fed governors each a lollypop and tell them to chill. 3% is too high and it will accelerate economic decline. Productivity has increased per actual human man hours. If you go by dollars per productivity, it will be wrong every time. Union busting has contributed to income inequality. The Fed always overreacts in either direction. They actually cause instability.
to us traders, investing in crypto is the best and fastest way of making money, but only few understood the secret of crypto currency.
CRYPTO WILL FIND A WAY.....YOU ARE ALL DINO'SYOU CAN NEVER STOP PROGRESS LIVE
Bitcoin is good and it's the future in few years people will be kicking thereself for missing out.
If they can stop people from opting out of the dollar system using crypto and stop people creating their own printing machine using pegged coins maybe.
However, there are drastic up and down turns and movements in the crypto market roughly every 4 years, the up and down turns, bull and bear market are broken into halves more or less and are associated with the Bitcoin halving cycle. So it is actually somewhat very predicable. We even have rough ideas of where it can likely go within a time. If X,Y,Z happens. There is also movement based on news and adoption associated with main stream companies and industries, along with entire cities adopting or working with, here in the U.S and small national countries around the world...
Should be titled "Can the government spending and Fed printing be stopped?"
Get out of tether....
Click bait.
more to the point can the criminal banks be stopped
The Rich think say were in A Bubble because LITERALLY they can Pop That Bubble Just by liquidating their Positions.
What are you doing god man turkısh trader
Biden with his trillion dollar infrastructure plan is bs and is adding wood to the fire...
Fire job Biden
Inflation is double digits! Stop lying
world Governmental debt and out of control money printingThis article is flawed inflation is caused in a large part by excessive money printing. They did not even mention this among the causes that have led to this wave of inflation. In fact there are multiple causes of inflation that are all made worse by the national
Such a bs piece Let's talk manipulated market
If they stop printing money it can be stopped
What corporation will the government bail out with our tax dollars?
Tax and spend Democrats, Cut tax and spend RepublicansBoth parties are the same.
Interesting that few commentators talk about the recent record growth in the money supply. For these folks its as if the price level is somehow independent of the quantity of money.
Sounds like the conversation is becoming more positive, but man is Juan Vargas lost. The use of fiat currency far outpaces the use of digital assets to perform drug trafficking so what on earth is he talking about
Just another slick willie. How can you compare druga that make a drug company rich to this stuff?
Bankman is a name, not a job title.
Peter Schiff knows what the problems are. Try listening to Austrian economics.
So many opinions in the and in the comments, and it's like, does anyone truly know what's going to happen?
This is a great way to solve the problem. Pose a question via a , then let the r commentators provide a robust solution with their extensive collective background in economic and monetary theory.
That first 5 minutes is the longest time I ever listened to Maxine Waters without having to facepalm.
The Fed doesn't need to be reformed... it needs to be abolished and the dollar needs to return to gold and silver, as described in the Constitution.
Well, US government started increasing tariff since Trump on imports, not just China but the whole world, so american is artificially paying 10+% to US government that spends on military outside US in the name of national security.