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  • The US has been losing, for many years, 600-800 Billion Dollars a year on Trade. With China we lose 500 Billion Dollars.

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Yoobbie
Here we go
The west can not continue to rack up debt eventually becomes unsustainable and the first thing to go is services and health, our choice.
Those are insane numbers. It's high time someone did do something to correct that!
Imagine I have an agreement with you.

You go out, work to dig up materials from the earth, and then work to convert them into finished products for me that I want. You then ship finished goods to me for my consumption.

I don't ship goods back to you. Instead, I give you little pieces of paper that are backed by absolutely nothing except they have my name on them and a picture of a dead US president. Oh, and I make more and more of these pieces of paper every single year, any time I want.

Tell me how that is a bad arrangement for the United States. Tell me how we are getting "ripped off" at all under that arrangement.
If you are not producing things value adding sooner or later you run out of money to finance services and eventually run out of an ability to run your country. You have to pay rent on those pieces of paper which diminish your ability to pay for infrastructure such as new hospitals.
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Since 2017 Trade Deficit has grown by more than $100b.. and the Budget Deficit? ..from a CBO baseline in 2017 of 670b the ANNUAL Budget Deficit is projected to hit a TRILLION pa by 2020. The fundamental cause of a trade deficit is an imbalance between a country’s savings and investment rates. ...the reason for the deficit is because US is spending money its not made./= current acct deficit. That money must, by definition, go toward foreign goods and services. Financing that spending happens in the form of either borrowing from foreign lenders (which adds to the U.S. national debt) or foreign investing in U.S. assets and businesses—the capital account. Many think the solution to the Trade Deficit lies in Washington, not in Bejing.
#ffw








And of course its the fault of Johnny Foreigner?
I admire Trump for puting the interest of his nation in the first place. He is rich enough not to get corrupted.

What other better thing you could do as a President, if not protecting the people which placed their hopes into your hands... great for him.
Donald Trump does not remove the bread from the trees, he grows in the fields, then mow, threshe, make flour, transport to the baker, and only he can bake bread. Vietnam, Iran, Iraq, Afghanistan, Panama, Haiti, Yugoslavia? How many soldiers did America leave somewhere? How much money do you spend on their treatment? Most importantly, what threats and opportunities have these countries prevented the American citizen from living? Will you continue to do this?
Quoting topor12
Donald Trump does not remove the bread from the trees, he grows in the fields, then mow, threshe, make flour, transport to the baker, and only he can bake bread. Vietnam, Iran, Iraq, Afghanistan, Panama, Haiti, Yugoslavia? How many soldiers did America leave somewhere? How much money do you spend on their treatment? Most importantly, what threats and opportunities have these countries prevented the American citizen from living? Will you continue to do this?
Before looking at the American, let's not forget all former Socialist Soviet Republics which by their own will "happily" joined Russia's own Union.

Let's not forget Ribentropp - Molotov pact and the fact that Poland was split in two, and annexation of territories of many other countries from the Eastern Europe... and examples my continue.
Quoting smctrader
Imagine I have an agreement with you. You go out, work to dig up materials from the earth, and then work to convert them into finished products for me that I want. You then ship finished goods to me for my consumption. I don't ship goods back to you. Instead, I give you little pieces of paper that are backed by absolutely nothing except they have my name on them and a picture of a dead US president. Oh, and I make more and more of these pieces of paper every single year, any time I want. Tell me how that is a bad arrangement for the United States....

We get ripped off in this simple way: after awhile, this becomes unsustainable. And I (highly suspect) that at a point in time, this will have to break.

My guess is it breaks and leads to a mini collapse, but I'm really not sure. I'd think even a small US collapse or default would highly upset the world so I don't want to think about it... haha, ugh.

But yeah, point being the ability to "cheat" and skip on needing to do actual work and labor like this will/should eventually explode on the US. Isn't this what happened with England in the past?
This problem is bigger than any man.
It does not belong to man who is walking even to direct his step. Jeremiah 10:23
Quoting FX-Syndicate
{quote} Before looking at the American, let's not forget all former Socialist Soviet Republics which by their own will "happily" joined Russia's own Union. Let's not forget Ribentropp - Molotov pact and the fact that Poland was split in two, and annexation of territories of many other countries from the Eastern Europe... and examples my continue.
draw Parallels ,the Union States in the USSR received grants for the development of education ,medical ,technological ,scientific opportunities for its population in the course of historical development. Who the them offered better in this time ? AND MOST IMPORTANTLY THE PROTECTION AND SOVEREIGNTY.That Russia promised that and executed ,further . Who in claims to Russia ? Look how Germany honors the memory of the past and call the Nazi Nazi ,all that is connected with this is prohibited. Although many remained in positions as and under Wehrmacht. The point is whether America will continue to do something that is a flagrant violation of human rights and against humanity .That's what my question is .
tariffman show time......okay. any player hope the progres are in good progres but let see next on Friday
Quoting topor12
{quote} draw Parallels ,the Union States in the USSR received grants for the development of education ,medical ,technological ,scientific opportunities for its population in the course of historical development. Who the them offered better in this time ? AND MOST IMPORTANTLY THE PROTECTION AND SOVEREIGNTY.That Russia promised that and executed ,further . Who in claims to Russia ? Look how Germany honors the memory of the past and call the Nazi Nazi ,all that is connected with this is prohibited. Although many remained in positions as and under Wehrmacht....
Before speaking about human rights violations of the americans, let's take a BIG look at ourselves and not forget the Cold War events, such as the Soviet invasion of Czechoslovakia.

Strangely, there is no Eastern Block country acusing United States of human rights violations and I wonder why. The same cannot be told by Russia.

Lets not forget the 22,000 Polish army officials executed by Stalin's order on their own land.
will... 2019 U.S Tariff hit on EUROPE ?
"The US has been losing."


I WHOLE heartedly agree with this!

Amen
Quoting FX-Syndicate
{quote} Before speaking about human rights violations of the americans, let's take a BIG look at ourselves and not forget the Cold War events, such as the Soviet invasion of Czechoslovakia. Strangely, there is no Eastern Block country acusing United States of human rights violations and I wonder why. The same cannot be told by Russia. Lets not forget the 22,000 Polish army officials executed by Stalin's order on their own land.
tell it to the people of Japan of the nuclear bombing of a peaceful population, the Polish 22nd Army is the military who have done their duty, they have an eternal memory, but let us go back to business, money loves silence, if you think that America is losing every year, well, you should read the rationality of these expenses, human, and prestige!
russel buyers are crocks of ****
Invest in alarm clocks
Quoting FX-Syndicate
I admire Trump for puting the interest of his nation in the first place. He is rich enough not to get corrupted. What other better thing you could do as a President, if not protecting the people which placed their hopes into your hands... great for him.
I agree. Rich people are great, never corrupt and always for the people first.
Quoting loriflori
Those are insane numbers. It's high time someone did do something to correct that!
I have been watching "goods trade balance" figures every month at least for last 30 years. It used be like -45B/month. Has been increasing every year. Right now it is -71B/month. 71 multiplied by 12 is like 800 billion. Multiply that by 30 and you get 24 trillion dollars that we must have borrowed via treasury bonds in last 30 years.

After all the tariffs and talk about make in America , our good trade balance is actually increasing. Tariff is not the answer. USA should give incentives to US customers to buy Made In USA. Until that happens, trade deficit is going to keep increasing. Trump is trying to do that via tariffs. But tariffs are really paid for by US consumers. Now who goes to Wallmart for shopping to buy cheap imported goods. They will be paying these tariffs. Rich do not go to WallMart. So tariffs are actually new hidden tax for hard working Americans at the bottom.

Honestly to make America Great again, we need a "Made in America Tax Rebates" for Americans at the bottom,
who more or less spends most or all of his income and he is the driver of the economy.
If you insist on spending much, much more than you earn and save then you end up with a deficit that you have to borrow to finance your spending. You learned this at school.

Politicians try very hard to turn simple issues into problems which make the leader seem relevant. Bigfoot has achieved that very well. The world does not need another super power vs super power era which is what this thread is really about.

USA admins have denied the simple truth for decades in spite of the advice from it's best minds. You don't like what you see in the mirror but it will be the same mirror tomorrow. Will it be the same old face?
The average wage in USA is more than 10 times the average wage in China. They are really ripping you off y'all.
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Quoting FX-Syndicate
{quote} Before looking at the American, let's not forget all former Socialist Soviet Republics which by their own will "happily" joined Russia's own Union. Let's not forget Ribentropp - Molotov pact and the fact that Poland was split in two, and annexation of territories of many other countries from the Eastern Europe... and examples my continue.
Add the aggressive war Stalin's USSR waged against Finland after they signed that von Ribentopp- Molotov pact on 23 08 1939. It is known as Winter War, November 1939 - March 1940. Small Finland successfully fought off the much larger aggressor and even though lost a significant chunk of territory, retained its independence. The League of Nations expelled USSR in Dec 1939, but it was a symbolic gesture as actual military support for Finland from other countries was very weak.

It was still more than toothless declarations and ineffective sanctions while doing backroom deals for Nordstream. Shame.
Trade is not a zero-sum game. A country cannot LOSE by running a trade deficit. This is just pure ignorance on the part of Trump. He really needs to read a book on economics.
Trade deficit simply means that domestic investment exceeds national saving.
Low national saving in the US is in large part driven by the rising government budget deficit.
Trump had better hold the government budget deficit in check. But sadly, that's the issue neither Democrats, nor Republicans want to deal with.
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  • Posted: May 6, 2019 7:10am
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     Newsstand
    Category: Low Impact Breaking News
    Comments: 26  /  Views: 9,522