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  • President Trump Vows US Will Finish 'Trade War' It Didn't Start

Who cares?
It’s not what is being questioned... who started what!
It’s how the argument is being handled and the emotion used.
Yes...
It's time to make Healthy of Global Growth...
Facts wrong again but at least he's not sticking it again to all the past presidents.
Quoting san99
Facts wrong again but at least he's not sticking it again to all the past presidents.
Just imagine all the blame future presidents can attribute to Donald Trump. We'll never hear the end of it.
Trade wise China has had it too good for too long. Australian manufacturing has all but stopped due to its cheaper to do it O/S. I wish some of our spineless leaders had some balls like Trump.
The only thing I don't like about Trump is this dollar strenght
Liar liar pants on fire.
Quoting LuKa12
Trade wise China has had it too good for too long. Australian manufacturing has all but stopped due to its cheaper to do it O/S. I wish some of our spineless leaders had some balls like Trump.
STOP BUYING THEIR SH1T THEN! You can't you all are addicted to cheap electronics and electricals.
  •  Guest
  • | IP XXX.XX.28.237
Expecting strong market movements (upwards) if Trump continues to backtrack (whilst doing a terrible job of making himself look like the hero). Lets see what tweets he sends out today...
A German family made an experiment removing all products from China in the flat. The outcome was an old "Singer" sewing machine which was used to occupy space (some call it decoration), that was made in Germany ...... That was an eye opener .... lolz
  • Post #11
  • Quote
  • Edited at 5:28am Jun 28, 2018 5:11am | Edited at 5:28am
Quoting Ojiego
A German family made an experiment removing all products from China in the flat. The outcome was an old "Singer" sewing machine which was used to occupy space (some call it decoration), that was made in Germany ...... That was an eye opener .... lolz
I saw that documentation from DW Documentary as well. The Schmitz family experiment @13:08

https://youtu.be/DnW9ZQtI1_E

This is another unbiased from DW Documentary which is unusual

Globalized capitalism explained through bananas | DW Documentary

https://youtu.be/3WBlqDeHiXI
Quoting UnBearybull
{quote} STOP BUYING THEIR SH1T THEN! You can't you all are addicted to cheap electronics and electricals.
exactly! on one hand most dont want manufacturing jobs as they find it degrading and low paying, next they still need to feed their consumerism cravings. its amusing how the world is also pointing the finger at china for not doing its part, after it refused to take in the world's trash to recycle. boohoo. if u take a dump in your own garden, you cant scold your neighbour for not allowing you to fling it to his garden.

americans are self entittled clowns. the world can do without america, period. china is more than willing to fill the void america dug for itself. from being the world's leader/big brother now reduced to a laughing stock. jokes gonna be on them.

if china fills that void and establish itself as the big brother. countries will no longer support US debt. instead the world will buy china's.

next, because of this influx of debt purchase. there will be nothing stopping china from dumping american debt on the open market. what do you think the consequences are if that happens and payment deadlines still have to be met?

america cannot afford to be like venezuala and default. the only option out of the rut will be thru trade. but given that their president is burning every bridge with its allies. should what i say come to fruition, america will not have any trading buddies left. and trade will be based solely off the WTO's guidelines. allowing other countries to strongarm america into a deal in their favor
Quoting LuKa12
Trade wise China has had it too good for too long. Australian manufacturing has all but stopped due to its cheaper to do it O/S. I wish some of our spineless leaders had some balls like Trump.
Australia is not too bad. At least some of the leaderships has woken up to the danger of the Chinese Communist and is actually doing something about it. The same cannot be said for Cambodia, Philippine and many countries (especially those in Africa continent). Malaysia just survived after its people pull it out of hell and Vietnam people is fighting an uphill battle against its leadership who is quite certain beholden to the Chinese Communist.
Quoting Ojiego
A German family made an experiment removing all products from China in the flat. The outcome was an old "Singer" sewing machine which was used to occupy space (some call it decoration), that was made in Germany ...... That was an eye opener .... lolz
And if the Chinese Communist decide to plant spy capability in every household electronics (outside of handphone and telecommunication device which they had already planted) they manufactured, the world will be screwed. I heard the latest that they want to legislate that all vehicles manufactured for local market must be fitted with the official surveillance device for ease of 'traffic control'.
Quoting Hareii
{quote} And if the Chinese Communist decide to plant spy capability in every household electronics (outside of handphone and telecommunication device which they had already planted) they manufactured, the world will be screwed. I heard the latest that they want to legislate that all vehicles manufactured for local market must be fitted with the official surveillance device for ease of 'traffic control'.
Too late the NSA spying apparatus already have that covered.

As always, when US says XYZ does bad thing, you'd know US already does it and 10x worse.

Absolute hypocrites to the T.
We are all chained together at the ankles and if the first guy goes over the cliff, the rest maybe better start praying. If China catches cold, the USA will be sneezing soon. And so on with these metaphors.
  •  Guest
  • | IP XX.XX.149.95
Leaving aside the genuine advantages and disadvantages of taxes (tariffs) the reality is President Trump does not know, or care, about the economic implications.

His sole focus is the obvious self-serving function. He wants to be re-elected. He spouts statements with a populist, nationalist sentiment so he can garner more votes. He will say whatever gets him the greatest number at the ballot box.

Since at present, there is no opposition leader that can take him to task with a contrary message, his victory is almost a certainty. If the anti-Trump people want to displace him, then they need to select a leader to get behind right now. Waiting years for a democratic party presidential candidate simply gives Trump years of running a campaign with no one opposing him. His regular rallies in cities across the U.S. are simply election campaign rallies.

Back in November 2016, exactly one second after it was confirmed he won the election, he started his re-election campaign. All that comes out of the White House now is re-election propaganda. It is up to the voters to think for themselves and decide if that is good or bad. Unfortunately, too many, on both sides, have no capacity for critical thinking and lap up whatever message is handed to them by the party they perceive acts in their interests.
Quoting Iro
{quote} Too late the NSA spying apparatus already have that covered. As always, when US says XYZ does bad thing, you'd know US already does it and 10x worse. Absolute hypocrites to the T.
Guys ease up on the big brother watching you rubbish the pitifully low conviction rate of voilent crime/ burglary etc, with this technology available to all, says that though you could be watched I assure you nobody cares.
Who else negotiated the current trade deals that we have that are disadvantageous to our industries? Not the Trump admin, that's for sure.
You know it's SAD & PATHETIC that Forex Factory has to put up a silly picture of Trump for an article. But then it puts up a nice smiling Angela picture.....Notice any bias there?
Quoting fxsport
You know it's SAD & PATHETIC that Forex Factory has to put up a silly picture of Trump for an article. But then it puts up a nice smiling Angela picture.....Notice any bias there?
Nice and Smiling- Angela , is an oxymoron.
Quoting UKBanter
{quote} Guys ease up on the big brother watching you rubbish the pitifully low conviction rate of voilent crime/ burglary etc, with this technology available to all, says that though you could be watched I assure you nobody cares.
Its not that nobody cares. Its people who are currently not affected who don't care, perhaps out of ignorance. Take a trip to China XinJiang and experience for yourself. And then you would not say that its all fake news propaganda. Talk personally to the Hong Kong people on how their lives changed when they returned to China.

Life Inside China's Total Surveillance State: https://www.youtube.com/watch?v=OQ5LnY21Hgc
How Invasive Is China's Mass Surveillance?: https://www.youtube.com/watch?v=_eAxY2Trfqk

And there are things that they monitored that will amaze you: https://www.businessinsider.sg/china...8-4/?r=US&IR=T
This is how the stable genius President Trump will finish trade war it didn't start; China is eliminating tariffs for soybean import from other countries (non GMO) but put additional tariffs of 25% for soybean from U.S.

US is winning again.

Lowering soybean import tariff, a move by China to defend multilateralism

https://youtu.be/tuaghALV2F8
Quoting Ken A
This is how the stable genius President Trump will finish trade war it didn't start; China is lowering tariffs for soybean import from other countries (non GMO) but put additional tariffs of 25% for soybean from U.S. Lowering soybean import tariff, a move by China to defend multilateralism https://youtu.be/tuaghALV2F8
He already won. The other countries can enjoy cheaper tariff that would be otherwise impossible to squeeze from China. They should be thanking Trump.

The leadership in China is indeed not very smart and wise. Scenario one: take a cut of $250 billion trade deficit and still get to keep the other $200 billion of surpluses and just wait out another 2 or 6 years for Trump to step down, or scenario two: retaliate and screwed everything on the table. They choose the latter, not surprisingly.

US will always be the stronger nation because of its system. No matter how good or bad Obama administration perform, 2 terms and he is out. Same for Trump. But the same cannot be said for China. Xi will be there as long as he want to and he will propagate his mistake for ages. Good luck to the Chinese citizen.
We'll soon be sending tariff free soybeans through Brazil to the Chinese.
More like sending more tax dollar to subsidize the farmers from bearing the brunt of stable genius. It's winning 😁
Bottom line: The USA buys a whole heckuva lot from China while China buys very little from the USA. The US can create major havoc for the chinese economy if need be. Shut em off!
@Hareii Those methods seem extreme but yep if you have nothing to hide then whats the problem? I probably have a credit score of sorts somewhere and don't give a rats what it is. Some of the techniques I wouldnt mind em doing it here nooo sweat. Zero tolerance on weed/knives and that crap? LOL "Were gonna need a bigger prison"
Quoting UKBanter
if you have nothing to hide then whats the problem?
Wrong question. The party who started all these are the authority and not the people. Rather ask: "If the authority has nothing to fear, why the need for such extensive and invasive surveillance? There is nothing wrong with surveillance on a scale that is conducive to security purpose. But when it goes beyond a red line, you know it is not just security purpose. What is the authority fearing?

These type of fear only can be witnessed in authoritarian ruler state who fear the people because they don't have the legitimacy to rule and they know the people would kick them out if they can.
Quoting chiknthief
We'll soon be sending tariff free soybeans through Brazil to the Chinese.
Extra shipping and handling will add more than it will save. Also having ship stop in another country doesn't change the products origin.
Quoting chiknthief
Bottom line: The USA buys a whole heckuva lot from China while China buys very little from the USA. The US can create major havoc for the chinese economy if need be. Shut em off!
Ruining other countries economies is not going to help you to sell them more goods. If you want to be able to increase GDP you better hope the world is in a position to BUY.
We don't sell much of anything to them to begin with. The US has nothing to lose. Right now China is a drain on GDP.
Quoting chiknthief
We don't sell much of anything to them to begin with. The US has nothing to lose. Right now China is a drain on GDP.
There's always consequences. For example China's production drops so they stop buying raw materials from other countries. Other countries economy's suffer so they can't afford to buy things from America. This hurts America's economy which just compounds the problem. Now were in another recession or worse.
There's consequences for predatory and unfair trade practices too. The time has come to be bold and ditch the cowards who want to continue the status quo.
Trump and his supporters have a very simplistic notion of what world trade is, an "us vs them", emotional view that ignores reality. Who is "us"? Is it the population of American workers? Is it the population of US companies? The distinction means a lot. US companies have been globalizing, expanding into overseas markets, yes moving production overseas at the expense of American workers, and getting bought up by foreign concerns for many decades.

https://www.bloomberg.com/news/artic...-talking-about

Why do Trump supporters NEVER complain about the fact that almost all of the Trump family products are still made overseas? About how Trump hires foreign workers at his various golf courses and hotels in the US?
LOL, massive economic failure? When the stock markets went up month after month under Obama, it was a "bubble", according to Trump. But now, he crows about every gain. Meanwhile, markets are flat for 2018. When unemployment steadily fell under Obama, the right wing press constantly questioned the numbers. "What about the labor participation rate?" they always asked. Now, with the numbers calculated in the same way by the same people at the same agency, another few points lower and it's a Golden Age. Not a word about labor participation.

Emotional people see what they want to see and believe what they want to believe.
Quoting The Fool
LOL, massive economic failure? When the stock markets went up month after month under Obama, it was a "bubble", according to Trump. But now, he crows about every gain. Meanwhile, markets are flat for 2018. When unemployment steadily fell under Obama, the right wing press constantly questioned the numbers. "What about the labor participation rate?" they always asked. Now, with the numbers calculated in the same way by the same people at the same agency, another few points lower and it's a Golden Age. Not a word about labor participation....
"Emotional people see what they want to see and believe what they want to believe."

Doesn't make trading stocks and currencies very profitable.
Quoting Jr123
{quote} "Emotional people see what they want to see and believe what they want to believe." Doesn't make trading stocks and currencies very profitable.
The markets need gullible rubes.
What measure(s) of the economy are you using to compare Trump to Obama? Just curious. Also, if you look at people on food stamps (SNAP participants), the total number has come down over the last five years. If you consider SNAP participants as a percentage of total population, the percentage has fallen since FY 2013, when it peaked at just over 15%, to 12.65% now. In FY 2018, the first period that Trump could truly be said to be responsible for, the percentage drop will be <0.5%.

You can play these games with statistics all day, and I'm not really drawing any conclusions about Trump or Obama, either way. Obviously the Great Recession had a crushing effect on American workers. But there are demographic trends afoot, also.

If the number of people on SNAP starts to rise again (or the unemployment rate goes up, or GDP goes down, or the stock markets crash, etc) - who will you blame - Obama? Certainly not Trump, I'd bet.
Troll detected. Don't feed the troll.
Quoting Ken A
Troll detected. Don't feed the troll.
Says the troll
DISHONEST FACT-CHECKERS: How fact-checkers trivialize lies by politicians and undermine truth-seeking.

https://capitalresearch.org/article/...fact-checkers/
Quoting Ken A
Troll detected. Don't feed the troll.
What's the deal with chikthief. Shows up Jun 25 2018 but last post before is July 8 2013.
Quoting Jr123
{quote} What's the deal with chikthief. Shows up Jun 25 2018 but last post before is July 8 2013.
Membership Revoked
Quoting The Fool
Trump and his supporters have a very simplistic notion of what world trade is, an "us vs them", emotional view that ignores reality. Who is "us"? Is it the population of American workers? Is it the population of US companies? The distinction means a lot. US companies have been globalizing, expanding into overseas markets, yes moving production overseas at the expense of American workers, and getting bought up by foreign concerns for many decades. https://www.bloomberg.com/news/artic...-talking-about...
western companies have been 'globalising' because it is too expensive to operate in the west after taxes and wages. why not move to the third world and pay third world rate taxes and wages? and trump manufactures offshore because of this, it is largely not profitable or viable to manufacture in the west anymore
Quoting sorostrustfu
{quote} western companies have been 'globalising' because it is too expensive to operate in the west after taxes and wages. why not move to the third world and pay third world rate taxes and wages? and trump manufactures offshore because of this, it is largely not profitable or viable to manufacture in the west anymore
Automation is changing that as you don't have to pay any wages for their work and suffer from human mistakes. Jobs won't come back but a lot of the production will.
Trying to make sense of Trade War rhetoric, motivation and end game;

Trade War Provides Perfect Cover For The Elitist Engineered Global Reset

http://www.alt-market.com/articles/3...d-global-reset

Over the past several months, I have been examining the underlying or hidden motivations behind the currently expanding global trade war, including the impressive level of cognitive dissonance surrounding the issue. The political left doesn't seem to have an intelligent grasp of economic issues in the slightest. I'm not seeing any critical discussion from leftist media outlets or pundits on fiscal uncertainties, and the only reaction that is common from them is that they hope that the trade war results in the financial downfall of the US so that Trump can be voted out in 2020. They may very well get their wish, but they seem to imagine themselves celebrating at the end of the disaster, and I predict they'll be so concerned with their own financial survival that they won't have time to celebrate...

The initial reaction in conservative circles to the trade war was unfortunately overconfident denial, with many refusing to call the situation a “trade war” at all and some predicting an end to the conflict before it began. Obviously those assumptions are proving incorrect.

Now that acceptance of the trade war as a reality is setting in, the Trump bandwagon is doubling down and embracing blind enthusiasm for what they assume will be a victorious outcome, no matter how long it takes. Though the team-geopolitics mentality is enticing in some ways, I don’t find much in the facts and evidence department to support the notion of America winning a global trade war. As I outlined in my article America’s Debt Dependence Makes It An Easy Economic Target, as long as the U.S. retains historic levels of debt on a government, corporate and consumer level, and as long as we remain addicted to foreign investment in that debt, trade war opponents have all the ammunition they need.

The argument I now see regurgitated over and over is that this trade war has actually been "going on for decades", and only now do we “have a president with the guts to do something about it.” I’m not sure where this nonsense meme was started, but it’s everywhere.

The U.S. has NOT been engaged in a trade war “for decades,” not with China or any other nation. It has been involved in a subversive trade arrangement which benefits the elitists on both sides of the world while the common people suffer. Only in the past year have we seen a “trade war” develop, but even now, it is a staged war that will once again empower international banks and global elites.

It is hard to argue the longstanding trade war meme when considering the facts. While China has indeed enjoyed a trade surplus with the U.S. for many years, this was strictly maintained in exchange for Chinese investment in U.S. Treasury debt and the U.S. dollar. In fact, it’s absurd to claim that the U.S. has been “disadvantaged” in global trade when it is the dollar that is used to facilitate nearly ALL international trade as the world reserve currency. Dollar denominated assets have been the go-to safe haven investment for decades for this exact reason.

Back in 2008 during the initial stock market collapse, mainstream media economists and some alternative economists alike argued incessantly that emerging market investors and foreign central banks would “never” pull back from American markets because “King Dollar” was the premier safety net during fiscal crisis. Clearly, the U.S. has enjoyed a special advantage in global trade; namely the dollar, and it is this advantage alone that has fueled the American economy for years.

The argument that foreign markets have swallowed up American manufacturing is also a bit of a misdirection. As I have mentioned time and time again, U.S. corporations are the true culprits behind the bloodletting in American manufacturing jobs as they relocated all industry into cheaper labor markets.

Trump could have stipulated that these same corporations would be required to bring some or most of this manufacturing back into the U.S. before they enjoy tax cut incentives. He didn’t. Instead, he gave them a massive tax cut for nothing, and the majority of the capital gained through that tax cut has already been spent - not on more American jobs or innovation, but on corporate stock buybacks to keep equities propped up just a little bit longer.

Tariffs on U.S. goods implemented by other countries are almost always tied to the U.S. dollar’s world reserve advantage. The outsourcing of manufacturing jobs as well as tech jobs has always been tied to the U.S. corporate desire for cheap labor. No, we have not been in a trade war for decades, quite the opposite.
So what has changed? Why are the old arrangements being abandoned? Is Trump really upsetting the old world order and battling the globalists, or, is he simply helping them to stage the foundation of their “new world order”?

I would suggest that readers look into the International Monetary Fund’s concept of the “global economic reset” for more insight into why this is happening. I would also suggest that people pay close attention to the “predictions” of George Soros back in 2009 on the future of the U.S. economy.

The plan for this global reset seems to revolve around the diminishing of the U.S. as a major economic power. This does not necessarily mean the U.S. will be replaced directly. Instead, as Soros suggests, nations like China will fill the void as “smaller economic engines”. This is often referred to as “harmonization,” but what it really means is that the standard of living for ALLbut a highly select minority will be deliberately reduced to a common denominator, and what is more common today than poverty?

For many nations, a lower standard of living is the norm. For Americans, harmonization means we have a long way to fall yet. For the reset to take hold effectively in the US, globalists will have to misdirect various groups within the population in different ways in order to avoid revolt.

The Trump fandom is being enticed with notions of a return to a golden era with The Don on his white steed leading the charge. However, NO president has the power to reverse the economic damage already done in the US; the only solution is a long process of rebuilding the economy from the ground up after the ashes settle. Any honest president not under the control of the banking cabal would have to be forthright about this fact. Even under the best possible conditions of reformation, a depression and currency crisis is assured. You cannot fight against math, and the math of US debt versus US inflation spells stagflationary instability for many years, far beyond the one or possibly two terms of Donald Trump. When this reality finally hits the Trump Administration devout square in the face, they will be enraged, and the first scapegoat that will be held up to them will be foreign governments like China.

For the liberty movement subset not necessarily enamored with Donald Trump, the lie of the “multipolar world” has been concocted. In essence, we are being told that the death of the dollar will mean the death of globalist centralization, so we should cheer for such an outcome. In truth, there is no “multipolar world.” The IMF and the Bank for International Settlements continue to hold sway over the central banks of the world, in the East as much as the West.

With Russia and China’s calls for the IMF to become the defacto overseer of global monetary trade policy, and even calling for a new global currency system under the control of the IMF, I hardly see any indication that we are moving away from centralization if the U.S. currency falters. In fact, we will see even more centralization if the globalists get their way.

The key to the reset is undoubtedly the end of the dollar as the world reserve currency. Without this status, the U.S. loses all economic trade advantage as well as the advantage of perpetual debt monetization. As the dollar’s influence is reduced globally inflation becomes a more pronounced threat at home. The trade war makes the shift away from the dollar possible for international banking elites while they avoid blame for the suffering it will cause the public.

“De-dollerization” is already gaining steam as Russia and China make deals to decouple from the currency while increasing financial cooperation using their own. What trade war cheerleaders don’t understand is that a trade war with China is not a trade war with China alone. As the No. 1 exporter/importer in the world, if China decides to dump the dollar as world reserve its trading partners may very well do the same in order to secure their own import/export relationships.

As a domino effect ensues, I believe it will be the IMF that steps in as a “mediator” to provide the framework for a new system, probably under the Special Drawing Rights basket, and probably leading to a global cryptocurrency system, which the IMF has been praising recently as the next stage of evolution for money and monetary policy.

I have mentioned consistently over the past half year that a trend has developed in terms of the Trump administration’s behavior in the trade war. Specifically, whenever the Federal Reserve raises interest rates or expands cuts to its balance sheet, Trump conveniently expands his rhetoric on tariffs.

When the Fed increases balance sheet cuts, stocks take a hit of 1,000 points or more like clockwork. And, like clockwork, the mainstream media blames the drop in stocks on the trade war and Trump rather than the Fed. I think that this trend will accelerate into the end of 2018, and that stocks will hit critical downward velocity if the Fed does not reverse course. In my view, the Fed has no intention of reversing course because they prefer to see a major market crisis at this time.

But more that simply providing cover for the Fed’s controlled demolition of equities, the trade war may also provide cover for the controlled demolition of the dollar as multiple foreign creditors and trading partners turn America’s greatest strength into its greatest weakness.

The dollar itself is nothing more than an imagined symbol; it is a tool for international bankers. And, like any tool, it can be replaced. The trade war provides the perfect historical narrative for the end of the dollar. The story told to future generations will be that the U.S., emboldened by Trump’s rhetoric and nationalism, fueled by the dangerous ideas of “conservative populists”, bumbled into self-destruction and harmed the rest of the world in the process. The IMF and other globalist institutions will step in, stating that no single country should ever be allowed to wield the power of the world’s reserve currency again. They will then offer their pre-planned solution to the very problem they originally created.

Whether or not this plan for the global reset works will rely on the awareness of conservatives specifically. Getting caught up in the fervor of trade war rhetoric will cripple our ability to prepare and to fight back against the true culprits behind U.S. decline. Our fury will be wrongly directed at foreign economies instead of the banking elites, where it belongs.
  • Post #56
  • Quote
  • Edited at 5:50am Jun 29, 2018 4:57am | Edited at 5:50am
Ken, thanks for writing a great analysis of the current situation and what the future may hold us. Hopefully people will take the time to read through it.
Quoting TraderTero
Ken, thanks for writing a great analysis of the current situation and what the future may hold us. Hopefully people will take the time to read through it.
Indeed
Quoting Ken A
Trying to make sense of Trade War rhetoric, motivation and end game; Trade War Provides Perfect Cover For The Elitist Engineered Global Reset http://www.alt-market.com/articles/3...d-global-reset Over the past several months, I have been examining the underlying or hidden motivations behind the currently expanding global trade war, including the impressive level of cognitive dissonance surrounding the issue. The political left doesn't seem to have an intelligent grasp of economic...

Agreed

There is usually way more happening behind the scene than even these so called elites realize!
"....he gave them a massive tax cut for nothing, and the majority of the capital gained through that tax cut has already been spent - not on more American jobs or innovation, but on corporate stock buybacks to keep equities propped up just a little bit longer."...."

...does this make sense? corporate tax rate cut was permanent, not a one-time thing. So corporations can continue to have more money to buy back stock and prop up the stock markets forever. Well, if they are making money they can.
"...When the Fed increases balance sheet cuts, stocks take a hit of 1,000 points or more like clockwork. "

LOL, really? Where can I get this clock? I don't care if it's made in China.
Quoting Ken A
Trying to make sense of Trade War rhetoric, motivation and end game; Trade War Provides Perfect Cover For The Elitist Engineered Global Reset http://www.alt-market.com/articles/3...d-global-reset Over the past several months, I have been examining the underlying or hidden motivations behind the currently expanding global trade war, including the impressive level of cognitive dissonance surrounding the issue. The political left doesn't seem to have an intelligent grasp of economic...
This age old balance of payment analysis of trade deficit being one side of the equation to the other side being corresponding investment in US has provided comfort to many in the past.

But reality has shown what happened to Sri Lanka. China massively invested in Sri Lanka infra and port. Sri Lanka owe so much debt in the process and not able to pay China which then take over Sri Lanka port to set up as its naval port in disguise.

Today US can still service its debt. But for how long? What is US going to surrender to China when it is no longer able to service its debt like Sri Lanka? White house?
Quoting The Fool
"....he gave them a massive tax cut for nothing, and the majority of the capital gained through that tax cut has already been spent - not on more American jobs or innovation, but on corporate stock buybacks to keep equities propped up just a little bit longer."...." ...does this make sense? corporate tax rate cut was permanent, not a one-time thing. So corporations can continue to have more money to buy back stock and prop up the stock markets forever. Well, if they are making money they can.
I don't think that the corporate tax cuts were bad but the timing was terrible. They also mostly benefit the rich and large companies, not the normal small business owners. In any case, everyone who has studied even some basic economics know that you should not stimulate the economy when you are in a boom, as it will lead to over heating.
The Fed is in a difficult position with timing the rate increases, however I personally don't believe that they are part of some conspiracy.
Milton Friedman from 1978. Trade deficits don't matter. Get it yet?

http://www.aei.org/publication/milto...protectionism/
Quoting TraderTero
you should not stimulate the economy when you are in a boom, as it will lead to over heating. The Fed is in a difficult position with timing the rate increases, however I personally don't believe that they are part of some conspiracy.
sure, save your ammo, keep your powder dry for when you really need it.

Plausible conspiracy theories are not hard to concoct. No proof necessary....
In Short fluffing your way with a business is way different from running a country.

Running a country involves interaction with other countries in respectable fashion else nothing will be done.

Running a country also requires some common sense not to give money to people you prefer.
Attached Image
Quoting sorostrustfu
{quote} western companies have been 'globalising' because it is too expensive to operate in the west after taxes and wages. why not move to the third world and pay third world rate taxes and wages? and trump manufactures offshore because of this, it is largely not profitable or viable to manufacture in the west anymore
It is all because western customers want it all cheap.
Quoting TraderTero
Ken, thanks for writing a great analysis of the current situation and what the future may hold us. Hopefully people will take the time to read through it.
1. Ken didn't write the above article, Ken merely re-printed the article originally written by Brandon Smith for Alt-Market.com

2. Alt-Market.com is a "right wing" publication focusing on "doom and gloom" - think Y2K people and I "think" you understand what I mean.

3. The entire foundation of assumptions on the above article hinge on certain beliefs and circumstances that in the real world don't pan out. At the end of the article was this plug:

"After 8 long years of ultra-loose monetary policy from the Federal Reserve, it's no secret that inflation is primed to soar. If your IRA or 401(k) is exposed to this threat, it's critical to act now! That's why thousands of Americans are moving their retirement into a Gold IRA. Learn how you can too with a free info kit on gold from Birch Gold Group. It reveals the little-known IRS Tax Law to move your IRA or 401(k) into gold"

OMG! We've been hearing that crap for the past 10 years

People you need to fully read and understand where these things come from
Quoting Hareii
{quote} This age old balance of payment analysis of trade deficit being one side of the equation to the other side being corresponding investment in US has provided comfort to many in the past. But reality has shown what happened to Sri Lanka. China massively invested in Sri Lanka infra and port. Sri Lanka owe so much debt in the process and not able to pay China which then take over Sri Lanka port to set up as its naval port in disguise. <span style="background-color:Yellow">Today US can still service its debt. But for how long? What is US going...
It's simple - you print more dollars. The debt "crisis" is just a big overblown hyperbole - it means NOTHING!

Let's take Greece as an example, or Argentina - both countries owe so much money they can NEVER get out of debt so what do they do? Just re-write loans and continue on.
Quoting fxsport
{quote} It's simple - you print more dollars. The debt "crisis" is just a big overblown hyperbole - it means NOTHING! Let's take Greece as an example, or Argentina - both countries owe so much money they can NEVER get out of debt so what do they do? Just re-write loans and continue on.
yeah Greece and Argentina are doing great, good stuff again.
Quoting fxsport
{quote} 1. Ken didn't write the above article, Ken merely re-printed the article originally written by Brandon Smith for Alt-Market.com 2. Alt-Market.com is a "right wing" publication focusing on "doom and gloom" - think Y2K people and I "think" you understand what I mean. 3. The entire foundation of assumptions on the above article hinge on certain beliefs and circumstances that in the real world don't pan out. At the end of the article was this plug: "After 8 long years of ultra-loose monetary policy from the...
Even the Koch brothers are against a trade war and for free trade and they are right at it. For me it matters much more what is written, not who wrote it as long as the basic facts are right.
I also believe that the current US policies are high risk for the country and for the whole world as we are so much intertwined and depended on each other.
Quoting DonFF
In Short fluffing your way with a business is way different from running a country. Running a country involves interaction with other countries in respectable fashion else nothing will be done. Running a country also requires some common sense not to give money to people you prefer.
Running a country SHOULD be no different than running a business. For so many years we have do this in the opposite direction. You are an example of this, "...we've always done it this way, so that's the way to do it..."

NOPE! This is the 21st century and that thinking isn't going to work anymore.
Quoting barkie
{quote} yeah Greece and Argentina are doing great, good stuff again.
Barkie, once again YOU missed the point. Greece and Argentina are sooooo far in debt that they should have been taken over by other countries, nevertheless they continue to function and work.

GOVERNMENT DEBT IS A NOTHING BURGER!
Yep, got the right guy with expertise and experience to file chapter 7 and 11
Quoting TraderTero
{quote} Even the Koch brothers are against a trade war and for free trade and they are right at it. For me it matters much more what is written, not who wrote it as long as the basic facts are right. I also believe that the current US policies are high risk for the country and for the whole world as we are so much intertwined and depended on each other.

No one wants a "trade war" but sometimes you need to do something in order to get others to do what you want them to do.

For YEARS the USA allowed other countries to charge the USA larger tariff's then the USA charged those countries. NOW, Trump says, "the current system is NOT free trade - lower your tariff's or we are gonna place a 20% tariff on your product."

These other countries think that the USA is bluffing so these countries "retaliate" by saying ok, we are gonna place a 20% tariff on XYZ.

What these other countries do not comprehend is that the USA has the resources to make pretty much everything that we are importing anyway. Example, US Steel just committed to re-opening 6 steel plants in various parts of the country that had previously been shut down because they weren't profitable. Is the price for the "new steel" more expensive than the imported steel? YES!
BUT
Now the USA has more people employed and able to pay taxes and purchase goods and products. The losers are the countries that used to export the steel to the USA. The other "losers" are the USA consumers who have to pay higher prices for products that contain steel. But given the pluses of lower unemployement and a booming economy we gladly pay it.

IN ADDITION, industries that manufacture, such as steel, aluminum and autos are necessary in case a war breaks out so that the USA can produce vehicles and arms, ammo, etc., That was how the USA won WWII - we produced so many ships that even though Germany sunk many of those ships the sheer vastness and numbers overwhelmed them.
Quoting Ken A
Yep, got the right guy with expertise and experience to file chapter 7 and 11
LOL, But you are right. Businesses do it ALL THE TIME.

It the laws allow it and it helps your business why not?
Quoting fxsport
{quote} Barkie, once again YOU missed the point. Greece and Argentina are sooooo far in debt that they should have been taken over by other countries, nevertheless they continue to function and work. GOVERNMENT DEBT IS A NOTHING BURGER!
LOL Debt is only sustainable when the economy grows or a central banks buys these bonds like Draghi does and that's the last resort before a debt default.

Government debt is a big thing in particular when your economy is going nowhere.
TOKYO (AP) — Japan's government has warned in a report that a higher U.S. tariff on auto imports could backfire, jeopardizing hundreds of thousands of American jobs created by Japanese auto-related companies, raising prices for U.S. consumers and devastating the U.S. and global economy.

http://www.businessinsider.com/ap-ja...r=UK&IR=T&IR=T

Let's see how happy the US consumers are when the price of Camry goes up $4000.
Camry's are put together in Kentucky.

http://toyota.custhelp.com/app/answe...u.s.-market%3F
Quoting barkie
{quote} LOL Debt is only sustainable when the economy grows or a central banks buys these bonds like Draghi does and that's the last resort before a debt default. Government debt is a big thing in particular when your economy is going nowhere.
Yep Mr B, I hope we are both wrong on this as there will be blood but time will show we are probably not.
Quoting The Fool
Camry's are put together in Kentucky. http://toyota.custhelp.com/app/answe...u.s.-market%3F
You're right, the price would go up only $1800.
https://www.cnbc.com/2018/06/27/toyo...t-of-ever.html

https://www.cnbc.com/video/2018/06/2...facturers.html

6k on average.

GM would also become a much smaller company.
Quoting fxsport
{quote} Running a country SHOULD be no different than running a business. For so many years we have do this in the opposite direction. You are an example of this, "...we've always done it this way, so that's the way to do it..." NOPE! This is the 21st century and that thinking isn't going to work anymore.
This is exactly what I am saying with regards to the attitudes of countries and peoples in General.

The Basic Greed and irresponsible mentality which Trump appealed to in the people who supported him is why America is in this mess.

Things that are causing problems must be changed and abandoned while things that are improving and making life better should be championed.

For all mankind without exception.

The silliness of people carving an artificial line over a territory and creating all this separation and madness will stop someday.

This is one earth and people must get used to the idea of being able to live on it peacefully.

This is what the majority of people on the planet want.

Those who want anything else can take the first flight to mars.
US trump and Indian modi should be re-elected. both are craps for their own country and world.
Quoting DonFF
{quote} This is exactly what I am saying with regards to the attitudes of countries and peoples in General. The Basic Greed and irresponsible mentality which Trump appealed to in the people who supported him is why America is in this mess. Things that are causing problems must be changed and abandoned while things that are improving and making life better should be championed. For all mankind without exception. The silliness of people carving an artificial line over a territory and creating all this separation and madness will stop someday. This...
Totally agree. It should be the world first, not any single country. If we don't get along with each other regardless of race, religion or origin there will be no future for the mankind.
Quoting TraderTero
{quote} Totally agree. It should be the world first
You mean like when the US taxpayers agreed to saddle the debt of the Bank Bailout on the backs of their own children to help the planet through the TARP Program so that your very own neighborhood would not plunge into a dark depression the likes the world has never seen? If we had not done this you, literally, would have felt it. Your life would have worsened in some way.

But hey.. I get it. The latest emotional mantra is "down with the US if we don't get our way!"

So, if there's another financial crisis that the American taxpayers might be able to solve in order to help the rest of the globe, I'm certain they'll be considering all the negativity and hate the globe produces for us.

If there were to be a "next time", our answer would be No because of it.
Quoting 2dollardog
{quote} You mean like when the US taxpayers agreed to saddle the debt of the Bank Bailout on the backs of their own children to help the planet through the TARP Program so that your very own neighborhood would not plunge into a dark depression the likes the world has never seen? If we had not done this you, literally, would have felt it. Your life would have worsened in some way. But hey.. I get it. The latest emotional mantra is "down with the...
The USA is doing it with their all their own 600 million hands. That which not even Russia could do to them.

I am quick to add that they are obviously aided by Russia in recent times of course.
Quoting 2dollardog
{quote} You mean like when the US taxpayers agreed to saddle the debt of the Bank Bailout on the backs of their own children to help the planet through the TARP Program so that your very own neighborhood would not plunge into a dark depression the likes the world has never seen? If we had not done this you, literally, would have felt it. Your life would have worsened in some way. But hey.. I get it. The latest emotional mantra is "down with the...
I think you missed my point. However, USA caused the last recession which spread through the world like wild fire. Why would the rest of the world have to pay for the mistakes made in one country? The sad thing is that it is happening again.
We would need global regulation and co-operation to prevent this type of things happening instead of bullying, nationalism and isolation policies. This is our planet inhabited by 7 billion people and if we don't get along it will be destroyed sooner than you think.
We have seen before where nationalism leads.
Quoting TraderTero
{quote} I think you missed my point. However, USA caused the last recession which spread through the world like wild fire. Why would the rest of the world have to pay for the mistakes made in one country? The sad thing is that it is happening again. We would need global regulation and co-operation to prevent this type of things happening instead of bullying, nationalism and isolation policies. This is our planet inhabited by 7 billion people and if we don't get along it will be destroyed sooner than you think. We have seen before where nationalism...
The US isn't to blame, the Banking Cartel is. And if you think the US banks are separate from the European and otherwise, you're totally hypocritical. The entire global banking cartel is exactly WHY the word "global" is thrown around. Without the money, interconnectedness doesn't mean squat.

Everything is going to be alright unless you're Venezuelan. Nobody seems to give a shit about them, because it doesn't matter to them atl all. Maduro isn't threatening tariffs against everybody's country, so Just Let Them All Starve. Just like the attitude of the banking cartel. That's why we have a banking cartel. We let it happen, because that's how most "global" people are deep down inside.

co-operation, my shiny metal .... This is not a personal attack against you. I don't know you. I'm generalizing.

I'm only going to write this once. Donnie wasn't hired for the job because he's a good leader or even something fabulous or even for the sake of MAGA, whatever that means. He was hired for the job for something else.

I still don't like him.
Quoting 2dollardog
{quote} The US isn't to blame, the Banking Cartel is. And if you think the US banks are separate from the European and otherwise, you're totally hypocritical. The entire global banking cartel is exactly WHY the word "global" is thrown around. Without the money, interconnectedness doesn't mean squat. Everything is going to be alright unless you're Venezuelan. Nobody seems to give a shit about them, because it doesn't matter to them atl all. Maduro isn't threatening tariffs against everybody's country, so Just Let Them All Starve. Just like...
The subprime lending was enabled by US deregulation and performed by US banks and mortgage companies. US banks then resold the worthless securities to other international banks. Blaming the issue on other countries or some banking cartel is a baseless argument.
https://en.wikipedia.org/wiki/Subprime_mortgage_crisis
  •  Guest
  • | IP XX.XX.125.41
Tariffs are a tax on the consumer,
Government collects Consumers pay.
So far: Washing machine prices up 15%? House prices up $9k on single family homes? ...
NOT due to retaliatory tariffs (yet to hit).. but from unilateral US tariffs.
Quoting TraderTero
{quote} The subprime lending was enabled by US deregulation and performed by US banks and mortgage companies. US banks then resold the worthless securities to other international banks. Blaming the issue on other countries or some banking cartel is a baseless argument. https://en.wikipedia.org/wiki/Subprime_mortgage_crisis
Good points guys

I like both the views rooted not in some bias or one-sided direction or inclination.

But by reasoning and stating "your truth"
Quoting 2dollardog
{quote} The US isn't to blame, the Banking Cartel is. And if you think the US banks are separate from the European and otherwise, you're totally hypocritical. The entire global banking cartel is exactly WHY the word "global" is thrown around. Without the money, interconnectedness doesn't mean squat. Everything is going to be alright unless you're Venezuelan. Nobody seems to give a shit about them, because it doesn't matter to them atl all. Maduro isn't threatening tariffs against everybody's country, so Just Let Them All Starve. Just like...
Correct

The guys who control the world through their money really dont care....Furthermore their money is greater and is used to rebalance everything including the markets....all markets...(Forex,Stock, Housing, Bond....) You name it their money control it.

Lets start with the basic guys Rothchilds, Morgans etc.

These guys meet and discuss and work together to do the things that people are thinking that their presidents do.

But really and truly the World is run by the "rulers of the world". The People with all the money.

So that is why you can take confidence in the market and just ignore the news etc. Just Trade the technical price action.

So just relax in this understanding and start getting wealthy
Quoting DonFF
{quote} Correct The guys who control the world through their money really dont care....Furthermore their money is greater and is used to rebalance everything including the markets....all markets...(Forex,Stock, Housing, Bond....) You name it their money control it. Lets start with the basic guys Rothchilds, Morgans etc. These guys meet and discuss and work together to do the things that people are thinking that their presidents do. But really and truly the World is run by the "rulers of the world". The People with all the money. So that...
My point was that it was the US government who enabled the bankers to do what they did. Not for example the German government. Who runs the US government is a different story. Without proper control they will do it again. I also believe that people should elect governments which are willing to regulate and control the banks and big money.
Quoting TraderTero
{quote} My point was that it was the US government who enabled the bankers to do what they did. Not for example the German government. Who runs the US government is a different story. Without proper control they will do it again. I also believe that people should elect governments which are willing to regulate and control the banks and big money.
Agreed
Quoting TraderTero
{quote} I also believe that people should elect governments which are willing to regulate and control the banks and big money.
The one and only populace that actually still has the power to make that change is the American people.

The most biting forms of corruption are those that are intrinsic in nature. That means it is usually something that your great grandfather did, your grandfather did, your father did and now you do and it has become normal. You cannot even see how it ceaselessly erodes away at the very essence of any struggle for freedom and a society's ability to thrive.

Corruption will always exist, but it can only be combated by true and free-flowing ideas from within a populace that does not embrace corruption.

Seeking the destruction of another country's economy or being is indicative of massive forms of intrinsic corruption and a society that cannot take responsibility for its own issues.

The US suffered with TARP and continues to do so.

To want something more, means you just want us all dead, imo.

Good luck with that attitude.
Quoting DonFF
{quote} Correct The guys who control the world through their money really dont care....Furthermore their money is greater and is used to rebalance everything including the markets....all markets...(Forex,Stock, Housing, Bond....) You name it their money control it. Lets start with the basic guys Rothchilds, Morgans etc. These guys meet and discuss and work together to do the things that people are thinking that their presidents do. But really and truly the World is run by the "rulers of the world". The People with all the money. So that...
Thank you for this. I keep hearing it. I believe it, but fall prey to the other. When I look at my trading track record, it is truly better if I ignore all but the most recently major fundamentals. Even so, it's only relative to my timing of entry.

Guess I'll set this one mentally in stone. Thanks friend.
Quoting 2dollardog
{quote} The one and only populace that actually still has the power to make that change is the American people. The most biting forms of corruption are those that are intrinsic in nature. That means it is usually something that your great grandfather did, your grandfather did, your father did and now you do and it has become normal. You cannot even see how it ceaselessly erodes away at the very essence of any struggle for freedom and a society's ability to thrive. Corruption will always exist, but it can only be combated by true and free-flowing...
The current administration is obviously the most corrupt in modern US history. However, I wonder why you are so much against the TARP?

"As of December 2013, the Treasury wrapped up TARP and the government concluded that its investments had earned more than $11 billion for taxpayers. To be more specific, TARP recovered funds totaling $441.7 billion from $426.4 billion invested. The government also claimed that TARP prevented the American auto industry from failing and saved more than 1 million jobs, helped stabilize banks, and restore credit availability for individuals and businesses."

Read more: Troubled Asset Relief Program (TARP) https://www.investopedia.com/terms/t...#ixzz5JvxKxCgc
Quoting TraderTero
{quote} The current administration is obviously the most corrupt in modern US history.
Not true.


Quoting TraderTero
{quote} However, I wonder why you are so much against the TARP?
I really have a deeper message, but you can't even get this one right.



"As of December 2013, the Treasury wrapped up TARP and the government concluded that its investments had earned more than $11 billion for taxpayers. To be more specific, TARP recovered funds totaling $441.7 billion from $426.4 billion invested. The government also claimed that TARP prevented the American auto industry from failing and saved more than 1 million jobs, helped stabilize banks, and restore...[/quote]

You actually believe this? Of course you would, you don't even understand the interconnectedness of the banking system.

Good luck trading. Maybe you'll get your wish that all Americans just die, because they're evil and destroying your world.. .and .. and [insert baby cries]
Quoting 2dollardog
{quote} Not true. {quote} I really have a deeper message, but you can't even get this one right. "As of December 2013, the Treasury wrapped up TARP and the government concluded that its investments had earned more than $11 billion for taxpayers. To be more specific, TARP recovered funds totaling $441.7 billion from $426.4 billion invested. The government also claimed that TARP prevented the American auto industry from failing and saved more than 1 million jobs, helped stabilize banks, and restore...
You actually believe this? Of course you would, you don't even understand the interconnectedness of the banking system. Good luck trading. Maybe you'll get your wish that all Americans just die, because they're evil and destroying your world.. .and .. and [insert baby cries][/quote]

Sorry for asking a polite question. Looks like you have some anger management issues.
Quoting TraderTero
{quote} You actually believe this? Of course you would, you don't even understand the interconnectedness of the banking system. Good luck trading. Maybe you'll get your wish that all Americans just die, because they're evil and destroying your world.. .and .. and [insert baby cries]
Sorry for asking a polite question. Looks like you have some anger management issues.[/quote]


You wish death or destruction on the American people, have blatant reading comprehension skills, cannot understand the concept of "taking responsibility", have zero empathy, compassion or even remote concern for those less fortunate than you and are a liar. There was nothing polite about your question at all which was highly indicative of malevolence and you completely ignored any attempt at legitimate deep conversation.

Good job, psychopath. Good job!
Quoting 2dollardog
{quote} Sorry for asking a polite question. Looks like you have some anger management issues.
You wish death or destruction on the American people, have blatant reading comprehension skills, cannot understand the concept of "taking responsibility", have zero empathy, compassion or even remote concern for those less fortunate than you and are a liar. There was nothing polite about your question at all which was highly indicative of malevolence and you completely ignored any attempt at legitimate deep conversation. Good job, psychopath. Good job![/quote]

Please don't put words in my mouth. Read what I wrote instead: "This is our planet inhabited by 7 billion people and if we don't get along it will be destroyed sooner than you think."
You are the one who seems to be having some real issues.
Done with you.
Quoting 2dollardog
{quote} Sorry for asking a polite question. Looks like you have some anger management issues.
You wish death or destruction on the American people, have blatant reading comprehension skills, cannot understand the concept of "taking responsibility", have zero empathy, compassion or even remote concern for those less fortunate than you and are a liar. There was nothing polite about your question at all which was highly indicative of malevolence and you completely ignored any attempt at legitimate deep conversation. Good job, psychopath. Good job![/quote]
Take your medication.
Don't feed the troll.
Quoting Jr123
{quote} You wish death or destruction on the American people, have blatant reading comprehension skills, cannot understand the concept of "taking responsibility", have zero empathy, compassion or even remote concern for those less fortunate than you and are a liar. There was nothing polite about your question at all which was highly indicative of malevolence and you completely ignored any attempt at legitimate deep conversation. Good job, psychopath. Good job!
Take your medication.[/quote]

Get an education. Start with the sciences. Psychology, social psychology and the study of humanities is a genuine field of science. It is in fact, the forte of George Soros.

People without proper introspection and, especially, those who haven't the capacity for self acceptance and individual responsibility are blind as a bat.

These are always perpetually malleable to psychological manipulation. They can be fools worthy of expulsion, because they are unwittingly dangerous.
Quoting DonFF
Hidden
Agree with your sentiments not because a few blind and fearful Americans voted a dumb guy in power to wreak havoc on the majority of people inhabiting the planet means that everyone is supposed to sit idly by and agree with the madness that this pensioner/president does! There is one characteristic of pensioners that the American people needed to bear in mind before electing them into office and its that old pensioners generally look back in regret rather than forward in hope....What kind of leader is profitable to the world? And which kind do we have presiding white house right now?[/quote]

There is an age limit for people under 18 not to be allowed to vote. I think there should also be one for older people. Especially now when the proportion the older people is increasing substantially in the western world.
Like you said the older people are mainly looking to the past and are at the same time allowed to make decisions regarding the future of the younger people. A good example was is the Brexit referendum. The result would have been for staying if people over 70 would not have been allowed to vote. They already had their vote in 1975.
The US politicians seems to be very old on average. Would it make sense to place some age limits there also and limit the number terms? Technology is moving forward so fast that even the younger people are having often difficulties to follow up. Why are the old people who hardly can use a computer or a cell phone allowed to make decisions on their behalf without truly understanding the real consequences and why is the power of such decision making in the hands of so few?
Quoting TraderTero
{quote} Agree with your sentiments not because a few blind and fearful Americans voted a dumb guy in power to wreak havoc on the majority of people inhabiting the planet means that everyone is supposed to sit idly by and agree with the madness that this pensioner/president does! There is one characteristic of pensioners that the American people needed to bear in mind before electing them into office and its that old pensioners generally look back in regret rather than forward in hope....What kind of leader is profitable to the world? And which kind...
There is an age limit for people under 18 not to be allowed to vote. I think there should also be one for older people. Especially now when the proportion the older people is increasing substantially in the western world. Like you said the older people are mainly looking to the past and are at the same time allowed to make decisions regarding the future of the younger people. A good example was is the Brexit referendum. The result would have been for staying if people over 70 would not have been allowed to vote. They already had their vote in 1975. The US politicians seems to be very old on average. Would it make sense to place some age limits there also and limit the number terms? Technology is moving forward so fast that even the younger people are having often difficulties to follow up. Why are the old people who hardly can use a computer or a cell phone allowed to make decisions on their behalf without truly understanding the real consequences and why is the power of such decision making in the hands of so few?[/quote]

Quoting TraderTero
{quote} Agree with your sentiments not because a few blind and fearful Americans voted a dumb guy in power to wreak havoc on the majority of people inhabiting the planet means that everyone is supposed to sit idly by and agree with the madness that this pensioner/president does! There is one characteristic of pensioners that the American people needed to bear in mind before electing them into office and its that old pensioners generally look back in regret rather than forward in hope....What kind of leader is profitable to the world? And which kind...
There is an age limit for people under 18 not to be allowed to vote. I think there should also be one for older people. Especially now when the proportion the older people is increasing substantially in the western world. Like you said the older people are mainly looking to the past and are at the same time allowed to make decisions regarding the future of the younger people. A good example was is the Brexit referendum. The result would have been for staying if people over 70 would not have been allowed to vote. They already had their vote in 1975. The US politicians seems to be very old on average. Would it make sense to place some age limits there also and limit the number terms? Technology is moving forward so fast that even the younger people are having often difficulties to follow up. Why are the old people who hardly can use a computer or a cell phone allowed to make decisions on their behalf without truly understanding the real consequences and why is the power of such decision making in the hands of so few?[/quote]


i am old and 67 >>> yes i can read write and us a computer very well , it seems you are anti old people shame on you
Hitler soon saw the value of Finland as a staging base for his forthcoming invasion of the Soviet Union. The informal German-Finnish agreement of August 1940 was formalized in September, and it allowed Germany the right to send its troops by railroad through Finland, ostensibly to facilitate Germany’s reinforcement of its forces in northern Norway.

A further German-Finnish agreement in December 1940 led to the stationing of German troops in Finland, and in the coming months they arrived in increasing numbers. Although the Finnish people knew only the barest details of the agreements with Germany, they approved generally of the pro-German policy, and they were virtually unanimous in wanting to recover the ceded territories.
Finland began to seek a way out of the war after the disastrous German defeat at Stalingrad in January-February 1943. Negotiations were conducted intermittently between Finland on the one side and the Western Allies and the Soviet Union on the other, from 1943 to 1944, but no agreement was reached. As a result, in June 1944 the Soviets opened a powerful offensive against Finnish positions on the Karelian Isthmus and in the Lake Ladoga area.

nothing to be proud off
Quoting Aussi
{quote} There is an age limit for people under 18 not to be allowed to vote. I think there should also be one for older people. Especially now when the proportion the older people is increasing substantially in the western world. Like you said the older people are mainly looking to the past and are at the same time allowed to make decisions regarding the future of the younger people. A good example was is the Brexit referendum. The result would have been for staying if people over 70 would not have been allowed to vote. They already had their vote...
i am old and 67 >>> yes i can read write and us a computer very well , it seems you are anti old people shame on you[/quote]
Not discriminating against old people at all. It is just a question of why the older people should have so much power over younger peoples future. I'm not that much younger than you. Just an opinion, nothing to get mad about.
Quoting Aussi
Hitler soon saw the value of Finland as a staging base for his forthcoming invasion of the Soviet Union. The informal German-Finnish agreement of August 1940 was formalized in September, and it allowed Germany the right to send its troops by railroad through Finland, ostensibly to facilitate Germany’s reinforcement of its forces in northern Norway. A further German-Finnish agreement in December 1940 led to the stationing of German troops in Finland, and in the coming months they arrived in increasing numbers. Although the Finnish people knew only...
There is actually much to be proud of. First of all we were the only country to keep it's independence which Russia attacked.
In August 1939 Germany gave Finland to Russia together with half of Poland and the Baltic countries. This led Russia to attack us in November 1939. This attempt failed even though we were totally out powered by the Russians. At the end, after 105 days of bitter fighting, we were forced to give away approximately 10% of our land to them. In 1941 we saw an opportunity to get back the land the Russian had robbed from us and therefore decided to join Germany in the 1941 attack. Your quote is thus out of context as we would not have attacked the Russians had they not first started the war in 1939 without any proclamation of war.
Quoting TraderTero
{quote} i am old and 67 >>> yes i can read write and us a computer very well , it seems you are anti old people shame on you
Not discriminating against old people at all. It is just a question of why the older people should have so much power over younger peoples future. I'm not that much younger than you. Just an opinion, nothing to get mad about.[/quote]

its easy for me to see its harder for you , NO KNOWLAGE NO LIVE SKILLS WANT IT ALL NOW WANT THE STATE TO PAY FOR IT, WANT TO STAY IN BED UNTIL 12 THEN WANT TO PARTY TAKE DRUGS, AND BELIEVE ALL THINGS WRONG COME FROM THE OLD ,BELEAVE THAT GLOBEL WARMING IS TRUE EVEN THOUGH THE EVIDENCE SHOWS IT NOT, AND WORSE OF ALL BELIEVE OLD PEOPLE SHOULD NOT HAVE A SAY ...... what have you done in your life >>>>>>nothing
Quoting TraderTero
{quote} There is actually much to be proud of. First of all we were the only country to keep it's independence which Russia attacked. In August 1939 Germany gave Finland to Russia together with half of Poland and the Baltic countries. This led Russia to attack us in November 1939. This attempt failed even though we were totally out powered by the Russians. At the end, after 105 days of bitter fighting, we were forced to give away approximately 10% of our land to them. In 1941 we saw an opportunity to get back the land the Russian had robbed from...
YOU did join the germans now you want to distort history
Quoting Aussi
{quote} YOU did join the germans now you want to distort history
Please try reading again what I wrote and do some research on the matter. However, I don't see how this subject is relevant here as you just trying to personally insult me.
I wish you could add one word in your vocabulary. That is the word: Respect.
Have a nice evening.
Quoting TraderTero
{quote} Please try reading again what I wrote and do some research on the matter. However, I don't see how this subject is relevant here as you just trying to personally insult me. I wish you could add one word in your vocabulary. That is the word: Respect. Have a nice evening.
respect when you say old people should have no say well perhaps we should be in camps
Quoting Aussi
{quote} respect when you say old people should have no say well perhaps we should be in camps
I do see it being problematic for development that the proportion of the older people grow so much. They are usually opposing changes and looking back. Camps no, but I would be happy to have a personal robot to take care of me at some point.
No term limits for U.S. Senators and Representatives. These are the people who represent special interest groups running the country.
Quoting TraderTero
{quote} I do see it being problematic for development that the proportion of the older people grow so much. They are usually opposing changes and looking back. Camps no, but I would be happy to have a personal robot to take care of me at some point.
well again its easy we built and grew our nations and gave you the freedoms you take for granted and now after we gave it all to you , you now want to take all the good we have done and toss it away and toss us in the gutter , well done to your generation and of course you know it all without the memories of the fallen
Quoting Ken A
No term limits for U.S. Senators and Representatives. These are the people who represent special interest groups running the country.
How about a retirement age as in the business world?
Quoting TraderTero
{quote} How about a retirement age as in the business world?
I have no preferences of age limits in business world. But for personal benefits the brain needs to stay active before dementia sets in.
Quoting TraderTero
{quote} Agree with your sentiments not because a few blind and fearful Americans voted a dumb guy in power to wreak havoc on the majority of people inhabiting the planet means that everyone is supposed to sit idly by and agree with the madness that this pensioner/president does! There is one characteristic of pensioners that the American people needed to bear in mind before electing them into office and its that old pensioners generally look back in regret rather than forward in hope....What kind of leader is profitable to the world? And which kind...
There is an age limit for people under 18 not to be allowed to vote. I think there should also be one for older people. Especially now when the proportion the older people is increasing substantially in the western world. Like you said the older people are mainly looking to the past and are at the same time allowed to make decisions regarding the future of the younger people. A good example was is the Brexit referendum. The result would have been for staying if people over 70 would not have been allowed to vote. They already had their vote in 1975. The US politicians seems to be very old on average. Would it make sense to place some age limits there also and limit the number terms? Technology is moving forward so fast that even the younger people are having often difficulties to follow up. Why are the old people who hardly can use a computer or a cell phone allowed to make decisions on their behalf without truly understanding the real consequences and why is the power of such decision making in the hands of so few?[/quote]

Indeed

For all the Cheer leading taking place regarding Trumpie it seems many of his supporters never ask what are the long term implications of his posturing and blustering.

The longer term impact of his many misjudgements will impact the next generation.

So I agree no one over 70 should be anywhere near running for President of any country.

Else you end up with the kind of lame decisions that is more beneficial to a persons ego trip rather than the benefit of all.
Quoting Jr123
{quote} Just imagine all the blame future presidents can attribute to Donald Trump. We'll never hear the end of it.
LOL, a boon for them in the making indeed
"Take anyone in their 18-24 and ask them if they want free college tuition. 90% will reply YES! But who pays for that? They don't know and don't care. Now follow up with that same person 20 years later - after they have graduated from college and finished paying their college loans - and ask the same question and 90% will replay, heck no! I had to pay for my college so should these young spoiled brats."

We have a "free college tuition" (nothing is free but it is paid by government). It is highly liked as it gives equal opportunity for everyone who wants to study. Parents don't have to start to save money for their kids college fees when they are born and people are not burdened by huge student loans after they graduate. It is also a way to increase the overall education level in the country.

"Everyone wants "free healthcare" but why? People, for the most part, don't appreciate for anything that they don't have to work for. It is simple human nature and there have been many studies on the subject."

We also have government run healthcare system like most industrialized countries do. Compared to USA we pay 3 less per capita for health care and for example our cancer survival rate is the second best in the world and in top 5 in with overall performance the whole world whereas USA is among the worst in performance.

I'm quite sure that if the younger people in USA could decide, they would like to have a single payer system.
LOL @ open age discrimination.
Something seriously wrong with that dude.
Quoting TraderTero
We have a "free college tuition" (nothing is free but it is paid by government). It is highly liked as it gives equal opportunity for everyone who wants to study. Parents don't have to start to save money for their kids college fees when they are born and people are not burdened by huge student loans after they graduate. It is also a way to increase the overall education level in the country.
US can have free health care and free education at all level like in Libya before Muammar Gaddafi was killed by US. You know where the problem is?
Quoting Ken A
{quote} US can have free health care and free education at all level like in Libya before Muammar Gaddafi was killed by US. You know where the problem is?
I believe I do.
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  • Posted: Jun 27, 2018 9:14pm
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     Newsstand
    Category: Low Impact Breaking News
    Comments: 128  /  Views: 33,401