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President Trump: The NEW one and only politics thread

Discussion in 'Sports and News' started by Moderator1, Nov 12, 2016.

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  1. lakefront

    lakefront Well-Known Member


     
    lakefront, Jun 11, 2018
    #91969
  2. The Big Ragu

    The Big Ragu Moderator Staff Member

    This is probably true. In so much as you can measure balance of trade... because supply chains are truly global, and many items have parts that came from many places, and they don’t measure trade deficits and surpluses accurately, as a result.

    But it is irrelevant, which is what drives me nuts about how this moron has shifted the conversation to a 17th century mercantile one.

    Trade deficits don’t mean the U.S. is losing money or getting ripped off. It simply means we are trading dollars for stuff. Which equates to two things: as part of Breton Woods in the 1970s when the world did a monetary reset, we got the rest of the world to accept the dollar as a global reserve currency. We have benefitted from that in a multitude of ways, not the least is that everyone else needs dollars as reserves. We parlayed that into us trading those dollars (which we create out of thin air, because the major thing with Breton Woods is that they abandoned sound money) for cheap goods. It has given us decades of “stuff” on credit. While we lost our ability to create things, which would allow us to actually pay for all the toys. The dollar as the reserve currency guarantees trade deficits.

    Aside from that, even without that status, all a trade deficits mean is that we traded more dollars for their stuff, than they traded their currency for our stuff. We get cheaper goods out of the deal. If our idiot president takes his nonsense too far, people are going to learn what more expensive stuff does to the average person.
     
    The Big Ragu, Jun 11, 2018
    #91970
  3. TheSportsPredictor

    TheSportsPredictor Well-Known Member

     
    TheSportsPredictor, Jun 11, 2018
    #91971
  4. goalmouth

    goalmouth Well-Known Member

    Can't expect much from a bigot who calls neo Nazis "very fine people".
     
    goalmouth, Jun 11, 2018
    #91972
    poindexter likes this.
  5. Vombatus

    Vombatus Well-Known Member

    Ragu,

    I don’t want to sound stupid, but what is “foreign trade” anyway? Is it mostly between corporations with some governmental oversight depending on what the goods are?

    And I’m sure there is plenty of corporations to government transactions too, and even government to government. Seems to me most of the trade is between corporations though.

    There’s also trade that doesn’t involve goods, like intellectual property, which should have some price tag attached.

    Anyway, what brought my question to mind was that I just bought something from Canada on eBay the other day. Would that count in the trade statistics? I doubt it would be captured (way too small), but maybe. I bought it before the G7 - hope the seller follows through!

    Thanks,
    VB
     
    Vombatus, Jun 11, 2018
    #91973
  6. QYFW

    QYFW Well-Known Member

    The Canada stuff is silly. Can’t think of a country in the world that is less of a threat. To anyone. On anything.
     
    QYFW, Jun 11, 2018
    #91974
    Slacker likes this.
  7. Baron Scicluna

    Baron Scicluna Well-Known Member

    Luxembourg? Liechtenstein? Estonia? Andorra? San Marino?
     
    Baron Scicluna, Jun 11, 2018
    #91975
    HanSenSE likes this.
  8. Slacker

    Slacker Well-Known Member

    The Baron of Banalia scores again!
     
    Slacker, Jun 11, 2018
    #91976
  9. Inky_Wretch

    Inky_Wretch Well-Known Member

    You should have gone to a Ted Nugent concert during that time. He came pretty close. Music sucks though.
     
    Inky_Wretch, Jun 11, 2018
    #91977
  10. QYFW

    QYFW Well-Known Member

    Better than the hippy dreck you listen to!
     
    QYFW, Jun 11, 2018
    #91978
  11. Songbird

    Songbird Well-Known Member

    Whataboutis--- err, nevermind.

     
    Songbird, Jun 11, 2018
    #91979
  12. Inky_Wretch

    Inky_Wretch Well-Known Member

    Isbell and Sturgill are hippie dreck these days?

    I mean, I still love my jam bands. But those two are on heavy rotation now.

    I'm even trying to learn to listen to Liquid Metal in Sirius/XM.
     
    Inky_Wretch, Jun 11, 2018
    #91980
    QYFW likes this.
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