Trade Wars and Tariffs

#1,202
#1,202
volbound1700 said:
Not the BRICS. Russia and Brazil will take it. Not sure about India since they hate China. Once that happens, it will start to gain steam.

Probably other nations like Pakistan, Iran, North Korea, various nations in Africa, etc. will also accept Chinese Currency. I wouldn't be surprised if EU starts moving towards China as well. I think a lot of their government officials are bought.
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If the EU moves towards China, it will be because they don’t trust us, not because they’ve been bought off.

Also, China has been floating the idea of replacing the dollar and the other BRICS country’s don’t seem to like the idea. It isn’t happening with their current system of government.
 
#1,205
#1,205
hog88 said:
It wouldn't be overnight. There would be wars fought and it would be a years long process.
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If its reduced to just Europe (at war), I guess it could be possible.... not sure that is enough liquidation though. Asia needs to be reorganized I would imagine.
 
#1,207
#1,207
volbound1700 said:
Not really and you know that.

Sounds like you are ok with Americans not having a future and getting $ 5 an hour.

I will give you another historical event if nothing was done, it is called the French Revolution or perhaps even the Great Depression which led to Fascism.

The best way to get the unemployed back to work is a major world war... that is what made Hitler popular.

You don't provide for your people, there will be violence. China was destroying the future of our younger generations. Action had to be taken, even if messy. Europe would be wise to follow our suit.
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And Hitler's popularity came before the major wars.
 
#1,208
#1,208
tvolsfan said:
You’re acting like the idea hasn’t been floated. If China thought this was possible, they would have already done it.
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It's a long road, you act like if it hasn't happened in a decade it can't/won't happen. 100 years ago do you think anyone though the Euro would exist?
 
#1,211
#1,211
hog88 said:
It's a long road, you act like if it hasn't happened in a decade it can't/won't happen. 100 years ago do you think anyone though the Euro would exist?
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It could definitely happen. But you’ve literally been talking about a fantasy where it’s worthless.
 
#1,212
#1,212
EasternVol said:
Are you sure about the begging and panic?
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Absolutely. This is why they are trying to get the U.S. into WW3 in the Ukraine, its over. They've kicked the can about as far as its going to get.

Europe is toast not much can be done to save them in its present form, the countries that act quickly might be the ones to survive.
 
#1,214
#1,214
Velo Vol said:
1) It's nuts that a single person can, at a whim, impose hundreds of billions of dollars of taxes without any vote in Congress. We've effectively embraced taxation without representation.

2) Even if you did believe that a golden age could indeed be reached through a government-managed economic policy to bring back the underwear looms to South Carolina, this policy is crazy because it takes a few years to get plants up and running. In the mean time Americans are paying thousands in extra taxes while we await those high paying underwear-making jobs.

What would make sense toward that objective would be to announce a gradually escalating schedule (say 0.5% added each month) so companies would have time to respond before everyone got slammed.

But that's not what we got.
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if you are on board with any type of government standards or red tape, you have also been accepting of taxation without representation. especially as many of those are generated from completely unelected bureaucrats.

Trump is simply moving the added government costs from new standards and red tape, to tariffs.

both systems rely on an overly simplistic outlook of the matter to argue it makes sense. the real world reveals how bad it is.
 
#1,217
#1,217
hog88 said:
Worthless is relative, it will have some worth.
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I know you've previously said that if oil transactions aren't conducted in dollars, it would bascially mean the end of the dollar.

You seem to have basically moderated that to a scenario where the country declines (if not collapses) over a century and loses multiple wars. Yes, in that scenario, the dollar probably wouldn't be worth much.
 
#1,218
#1,218
tvolsfan said:
I know you've previously said that if oil transactions aren't conducted in dollars, it would bascially mean the end of the dollar.

You seem to have basically moderated that to a scenario where the country collapses over a century and loses multiple wars. Yes, in that scenario, the dollar probably wouldn't be worth much.
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It would mean the end of the US dollar as the reserve currency and crash the worth of the dollar.

It wouldn't be over a century, decade more or less.
 
#1,221
#1,221
EasternVol said:
They proposed that a long time ago. They still push it.
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I would go back to their comments in 2008, maybe I will try and find an article. They were complaining that the U.S. was not producing enough dollars which was causing everyone to collapse. The question was posed, what to do? The answer is they said they didn't have a choice.

There is no backup system, at the end of the line on all these systems is the U.S. dollar system.

> Growth
> Peak
> Unable to grow at an exponential rate
> Collapse
> Liquidation of the unfunded liabilities
> Low (could be dark age)
> (rinse and repeat)

The Chinese know that reset means 100s of millions of Chinese are going to have to go, and probably a 1-2 billion Asians.
 
#1,224
#1,224
LSU-SIU said:
Absolutely. This is why they are trying to get the U.S. into WW3 in the Ukraine, its over. They've kicked the can about as far as its going to get.

Europe is toast not much can be done to save them in its present form, the countries that act quickly might be the ones to survive.
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Stop reading hysterical trash excuses for news. You're getting a distorted picture.
 
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#1,225
#1,225
LSU-SIU said:
I would go back to their comments in 2008, maybe I will try and find an article. They were complaining that the U.S. was not producing enough dollars which was causing everyone to collapse. The question was posed, what to do? The answer is they said they didn't have a choice.

There is no backup system, at the end of the line on all these systems is the U.S. dollar system.

> Growth
> Peak
> Unable to grow at an exponential rate
> Collapse
> Liquidation of the unfunded liabilities
> Low (could be dark age)
> (rinse and repeat)

The Chinese know that reset means 100s of millions of Chinese are going to have to go, and probably a 1-2 billion Asians.
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Where will they go?
 
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