Trump lashes out against cross border shopping

Welcome back.

 

Thanks..

Trump said 63,000 Americans had been killed by illegal immigrants.

How can Americans believe anything Trump says?

The original source for Trump's claim of 63,000 immigrant murders ...

14 hours ago - “Over 63,000 Americans have been killed since 9/11 by illegal aliens,” she said. “It's a crime spree that is being left unchecked, and these ...

https://subscribe.washingtonpost.com/acqlite/digital/o16_may18

 

Trump spreads disinformation about immigrant crime during ...

14 hours ago - You know, you hear the other side,” Trump said. ... claimed that 63,000 Americans have been killed by undocumented immigrants since 9/11.

https://thinkprogress.org/trump-whi...raphed-photos-of-murder-victims-da0513b3c51c/

 

It's the mid terms. They believe immigrants is the main thing that will get them out to vote. It has even been suggested that the traumatising of young children was done for his base.

It’s all about the Midterms: Trump took those Children Hostage to Stoke his Base

 

Trump spreads disinformation about immigrant crime during ...

14 hours ago - You know, you hear the other side,” Trump said. ... claimed that 63,000 Americans have been killed by undocumented immigrants since 9/11.

https://thinkprogress.org/trump-whi...raphed-photos-of-murder-victims-da0513b3c51c/

Remember that Trump was like a dog with a bone over his birther claims.. He said he had sent his investigators to Hawaii and they would have interesting information.

Trump is a liar who wants to WIN and be RIGHT at all costs.

He's a loser and a weakling.

 

Did I say anything else?

 

Need to be careful, Canada may retaliate by not allowing the importation of any more asylum seekers from the US.
https://www.theglobeandmail.com/pol...rs-crossing-into-canada-from-us-continues-to/

 

Does Trump understand about tariffs? What he said doesn't make much sense.

 

They go thru customs on the Canadian side..

 

In his latest rant the Dotard is lashing out at Canadians who come to the US to spend their hard earned money and then sneak these products back into customs to avoid paying the sales tax (not Tariff's Dotard)

 

Canada does not apply tariffs on shoes manufactured in the US. This has been posted numerous times on this thread.

Of course Trump was demonizing Canadians "They scuff em up so they can sneak them back into the border" = Canadians than buy shoes in the US are criminals.

I agree this makes no sense but what is even more senseless is Trump trying to tie this to Tariffs on the US as there are no Tariffs on US shoes - and most other US products.

 

Hahaha.. so once again Trump is a liar.

 

Sales tax and a tariff are both taxes the consumer pays. No need to quibble.

 

They pay sales tax in the US and tariffs at their destination, but Trump LIED.. There is NO Canadian tariff on US shoes.

 

Sales taxes are not tariffs. A sales tax is applied equally on all products. A tariff applies a competitive disadvantage on one product (say milk that comes in from another country) over another - a product that does not have a tariff (such as milk produced in Canada).

 

Most politicians lie/stretch the truth/ flip flop from time to time - it is part of their job description.

With Trump it is a daily event.

 

Trump thinks Americans are stupid and he can get away with it... or else he really is as dumb as box of rocks.

 

I don't think he cares - and thinks he can get away with it. He is an elitist who was raised with silver spoon in mouth and is still a spoiled brat.

 

Everyone should know by now how Trump negotiates/communicates/debates, when met with resistance he goes personal. Trudeau wants to be reelected and has been standing up to the big bully Trump and the US.

The cross border shopping cheats Canada out of millions of dollars in taxes. Trudeau has no room to respond, he can neither support the practice or condemn the practice, as either one would alienate Trudeau with part of of the population, Canadians with easy access to the US and those without easy access to the US. The cross border shopping is not the issue, it was Trump going personal by targeting Trudeau's re-election hopes.

It's as simple as that.

 

Its not as simple as that - although I think you make some interesting points. Trump has started a trade war with the world. It is one thing to conduct trade negotiations over legitimate gripes. It is another to personally attack the leaders of various nations and say things that are false in relation to trade issues.

Trumps comments in relation to tariff's on shoes - a complete falsehood and abject stupidity beyond the pale - is just yet another example in a long litany. Trump also wants to be re-elected and all his bluster is political fodder for his base.

The problem is that he is damaging our long term economic security. There is a serious geopolitical chess game going on and Trump is making major blunders on the global chessboard.

One of the major factors is that the position on the board has changed dramatically. The relationship with our allies did not used to matter so much because we were - essentially - the only game in town. If you wanted to trade - the US was the shining star and dwarfed all other markets by a large degree. Our good relationship with our allies served to increase our economic hegemony but - we really didn't need them.

Those days are long gone. The world in general still wants to play with the US but, the US is no longer the only game in town. China is now ahead of the US in terms of purchasing power. The EU is roughly equal. India and a few others are roughly equal.

The competition for global capital is fierce and we no longer have the degree of hegemony we once did.

The US dollar's status as the world reserve currency gives us a tremendous advantage. We are now seeing competition not just from China - introducing the petro yuan earlier this year but from the EU. The EU/IMF introduced special drawing rights for settlement of international payments among nations. SDF's are not available to corporations though.

The weakening of the the world reserve status of the dollar will come in time - this is inevitable .. it is the way of history and the rise and fall of economic empires.

Trump's trade war is accelerating this process. He is in fact forcing nations to move towards creation of competition to the USD as the WRC.

This is very stupid.

 

Very well then, moving on...

This is a thought that I've been kicking around for a couple of weeks. I'm not married to this idea it just a "what if", so feel free to laugh, criticize, beer, or whatever.

What if the powers that be that control the financial and foreign policies of the USA have read the writing on the wall and have conceded the end of Bretton Woods. It was never going to last forever.

To protect their investments they have decided to move away from the EU and move towards the China and the East, or the BRIC nations, probably minus Russia (?]. Hoping to be a big player in the new, new world order.

As for Canada, they can fuss but they need access to the US economy far more than the US needs access to Canada's economy. I mean, where would Canadians buy their shoes?

I forgot to add, parts of Europe are already moving closer to Russia, recognizing the benefits of Russia's natural resources.

 

OK well .. Bretton Woods ended around 1973 when the USD was no longer pegged to Gold. The US dollar at this time became pure "fiat" = a promise to pay backed up by nothing.

The last 3 world economic empires - Dutch, Spanish, British all went into decline roughly 20-25 years after going off gold. The reason for this is that when you go off Gold (or a partial requirement to hold a certain percentage of Gold for every dollar printed) there is little to prevent Gov'ts creating massive debt - and that is exactly what they do. Gov'ts by their very nature love to spend money.

We beat the average by a few years. The Dow peaked ( in constant dollars) in Feb 2000. We beat the average by a few years. The reason for this is that the wave is much bigger than previous waves.

This is the cycle of economic history - of debt and default - of rise and fall of economic empires.

The US was a grand experiment in quazi lassez faire Capitalism .. a marvelous experiment for the international financiers. They have milked this train big time. The grand party is about to get ugly though. The disparity between the haves and those that have not is getting big. We have been living on credit card spending for a long time but at some point the piper comes calling and that debt needs to be repaid - or at minimum you ain't getting any more credit.

Normally what happens is you get the poor revolting and taking stuff from the rich. That was the historical cycle. Things today are not so simple. The structures to prevent this are far more sophisticated.

We are spending a trillion dollars a year in excess of what we take in to maintain our standard of living. When the piper comes calling and the debt needs to be repaid ... how is this going to happen ? Imagine taking not only a Trillion dollars out of our annual spend (the money that we borrow) but add say another 200 Billion to actually pay down the debt.

Find me 1.2 Trillion in cuts to spending and let me know how that goes. At the same time - interest on our debt - which is now 450 Billion/per year will be much higher.

We will have to default and when this happens the shock to the global economy will be enormous. For a couple years what revenue we did have will have declined precipitously

The international financiers will have bailed long before this happens. They will be hurt - no doubt about it - their losses on paper will be considerable. The raging masses however will be hurt far more. We will see massive deflation.

The crisis will be global - most heavily indebted nations will experience a similar fate. Then the crisis will end .. and things will start up again.

The US will still be one of the major players on the world stage but it will be just one of many and not the predominant player - the only game in town - as it once was.

Getting rid of this massive global debt will be good thing in the long run. I think the transition can be rather rapid as well.

 

Duh!

 

Here is my take on Trump and his protectionist trade tariffs. Free trade is a policy of conservative or republican politicians. It does not apply directly to individuals but allows multi-national corporations to benefit from cross border movement of goods to lower the cost of their products and enrich their shareholders. So why does Trump's leftist ideology concerning tariffs conflict with these republican ideals? As an individual I see no direct benefit to free trade. It has not affected my maximum $20cdn import amount when buying from the US which has not changed as long as I can remember. US individual buyers of Canadian products are allowed $800 duty free. This is an issue that concerns me and not this silly argument of dairy products and lumber. The price of building a home in the US has risen $9000 which is being passed on to the buyer because of the lumber tariff. I don't want US milk being sold in Canada as I do not trust your food inspection agencies to police the producers who are being subsidized by the tune of 35 cents per liter. As a result these mega dairy farms over produce and want to dump their unwanted product in Canada. US dairy farmers produce a product called ultrafiltered milk used in the production of cheese and yogurt and is allowed duty free into Canada and have a huge trade surplus as there is no competition from Canadian sources. Dairy farm production will be extinct within the next 10 years as milk protein produced from cows will be eventually be replaced by bio engineered products produced in a factory. To risk $2 billion per day in trade between our countries over milk is one very stupid argument.

 

Do you think Trump knows that? His word salads often leave me wondering.