Interesting that you should use car manufacturers in the EU as an example, where they have completely open borders between member states? Why do you think they prefer to operate from more open-bordered states? Hint: economies of scale and tariffs.
Will Tump Tear up NAFTA???
- Thread starter Ocean Breeze
- Start date
Interesting that you should use car manufacturers in the EU as an example, where they have completely open borders between member states? Why do you think they prefer to operate from more open-bordered states? Hint: economies of scale and tariffs.
A post like that makes you look very foolish!
https://www.cbc.ca/news/politics/trudeau-bahamas-vacation-rcmp-1.4286033
Nice try there B.S. but it wasn't an unrelated trip, but the exact same trip I made reference to in the first place, that his detractors are still talking about. (I said Cuba when I should have said the Bahamas or something similar) and yes I did provide the link to the story...…………...C.B.C. As usual when you try to make me look stupid, you end up looking three times as stupid!
There is a sad history to 'compensation' for sellouts of industrial and agricultural workers on Free Trade Deals. The retraining or assistance never really repairs the lives and economic integrity that was lost.
Our fawning flowerchild of a Prime Minister completely collapsed before Trump's bullying. Justin thought he was in a global Woodstock, where everyone shared alike, but he just got mugged by a Hell's Angel at Altamont.
I don't blame Trump. He let everyone know he was putting the American Worker First. Canadian workers didn't even warrant a mention in the equation. We counted on the Cdn government to do that and they just rolled over and got stiffed.
Our fawning flowerchild of a Prime Minister completely collapsed before Trump's bullying. Justin thought he was in a global Woodstock, where everyone shared alike, but he just got mugged by a Hell's Angel at Altamont.
I don't blame Trump. He let everyone know he was putting the American Worker First. Canadian workers didn't even warrant a mention in the equation. We counted on the Cdn government to do that and they just rolled over and got stiffed.
So do you propose Canada turn to protectionism and so force our industries to become jacks of all trades and masters of none?
Yes!
A return to strategic use of tariffs to foster an sovereign, national, integrated, industrial and agricultural, economy. The model that built the Canadian economy under John A. MacDonald's National Policy. There's plenty of room for Trade of value added and finished product within that model. And plenty of room for specific advantage and expertise in Canadian product and engineering. Better than retraining discarded workers to build web sites for a futile, glutted, market.
It should be clear to all that Global Free Market Capitalism works for the benefit of Investment Banks, Global Trading Oligarchies, Hedge Funds and NO ONE else. The epoch of Free Trade and Monetarism (Free trade in currency and credit) has been a profound failure. Worse than that it has been a BETRAYAL.
It's time to move back to something that worked for all Canadians. And to a government that puts Canadian workers FIRST.
You forgot to mention that free trade works for the benefit of Canadians who like to eat oranges too. don't forget, the economy comprises not only workers but consumers too and ideally the workers respond to consumer demand otherwise they depend on government subsidies to produce what nobody wants.
You might not want to romanticize the past too much either. Remember the Indian Act, the residential schools, the Chinese-Exclusion Act, Proposition 17, etc. etc. etc.? Canadians are wealthier today overall than in the past and that's thanks in part to free trade. The present isn't perfect, but it sure beats the past. And no we should not put workers first, we should put consumers first.
Bring back the Autopact ... Canadian made cars for the Canadian market... We had our own cars and even marques back the. Does anybody remember the Mercury? the Chevy Acadian?
MCGA!
Protectionism could result in Canada creating entirely Canadian-made cars, but it would also greatly inflate the cost of cars due to the extra overhead cost resulting from low economies of scale due to our small market.
We used to do that. A difference is that the Canadian market is 50% bigger, now.
It would still make it more expensive due to smaller economies of scale and result in fewer options.
Ending up with the US as our only trading partner is a win for the US rather than Canada.
https://govtslaves.info/2018/10/09/...-from-the-u-s-and-no-one-is-paying-attention/
Blind faith in the U.S. dollar is perhaps one of the most crippling disabilities economists have in gauging our economic future. Historically speaking, fiat currencies are animals with very short lives, and world reserve currencies are even more prone to an early death. But, for some reason, the notion that the dollar is vulnerable at all to the same fate is deemed ridiculous by the mainstream.
This delusion has also recently bled into parts of the alternative economic movement, with some analysts hoping that the Trump Administration will somehow reverse several decades of central bank sabotage in only four to eight years. However, this thinking requires a person to completely ignore the prevailing trend.
Years before there was ever an inkling of a trade war, multiple nations were establishing bilateral agreements that would cut the dollar as the primary exchange mechanism. China has been a leader in this effort, despite it being one of the largest buyers of U.S. Treasury debt and dollar reserves since the 2008 crash. In the past few years, these bilateral deals have been growing in scope, starting small and then expanding into massive agreements on raw commodities. China and Russia are a perfect example of the de-dollarization trend, with the two nations forming a trade alliance on natural gas as far back as 2014. That agreement, which is expected to start boosting imports to China this year, removes the need for dollars as a reserve mechanism for international purchases.
Russia and parts of Europe, including Germany, are also growing closer in terms of trade ties. With Germany and Russia entering into the Nordstream 2 gas pipeline deal despite condemnations from the Trump Administration, we can see a clear progression of nations moving away from the U.S. and the dollar, and into a “basket of currencies”.
Energy Secretary Rick Perry has suggested that sanctions are possible over the Nordstream project, but trade war policies only seem to be hastening the international departure from the U.S. as the center of trade influence. American sanctions on Iranian oil support this argument, as China, Russia and much of Europe are working together to sidestep U.S. restrictions on Iranian crude.
China has even instituted its own petroyuan market, and the first shipments of oil from the Middle East to China paid for through a petroyuan contract occurred in August of this year. Mainstream economists like to point out the small portion of the global oil market that the petroyuan represents, but they seem to have missed the bigger picture entirely. The issue is, now an alternative to the petrodollar exists where none existed before. And this is the crux of the matter that needs to be examined: The trend towards alternatives, and all alternatives leading to centralization by global banks.
Beyond the shift away from the U.S. dollar as a global reserve, there is a new matter of alternative international payment systems. SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a global network of “financial messages” between major banks, including central banks. Transactions are recorded through the SWIFT network, which allows fast confirmation of “messages” and updates of accounts across the world.
Originally founded in Brussels, for decades SWIFT has been the only such banking network with global capacity, and until recently the primary data centers have been in the U.S. and the Netherlands.
(in part)
https://govtslaves.info/2018/10/09/...-from-the-u-s-and-no-one-is-paying-attention/
Blind faith in the U.S. dollar is perhaps one of the most crippling disabilities economists have in gauging our economic future. Historically speaking, fiat currencies are animals with very short lives, and world reserve currencies are even more prone to an early death. But, for some reason, the notion that the dollar is vulnerable at all to the same fate is deemed ridiculous by the mainstream.
This delusion has also recently bled into parts of the alternative economic movement, with some analysts hoping that the Trump Administration will somehow reverse several decades of central bank sabotage in only four to eight years. However, this thinking requires a person to completely ignore the prevailing trend.
Years before there was ever an inkling of a trade war, multiple nations were establishing bilateral agreements that would cut the dollar as the primary exchange mechanism. China has been a leader in this effort, despite it being one of the largest buyers of U.S. Treasury debt and dollar reserves since the 2008 crash. In the past few years, these bilateral deals have been growing in scope, starting small and then expanding into massive agreements on raw commodities. China and Russia are a perfect example of the de-dollarization trend, with the two nations forming a trade alliance on natural gas as far back as 2014. That agreement, which is expected to start boosting imports to China this year, removes the need for dollars as a reserve mechanism for international purchases.
Russia and parts of Europe, including Germany, are also growing closer in terms of trade ties. With Germany and Russia entering into the Nordstream 2 gas pipeline deal despite condemnations from the Trump Administration, we can see a clear progression of nations moving away from the U.S. and the dollar, and into a “basket of currencies”.
Energy Secretary Rick Perry has suggested that sanctions are possible over the Nordstream project, but trade war policies only seem to be hastening the international departure from the U.S. as the center of trade influence. American sanctions on Iranian oil support this argument, as China, Russia and much of Europe are working together to sidestep U.S. restrictions on Iranian crude.
China has even instituted its own petroyuan market, and the first shipments of oil from the Middle East to China paid for through a petroyuan contract occurred in August of this year. Mainstream economists like to point out the small portion of the global oil market that the petroyuan represents, but they seem to have missed the bigger picture entirely. The issue is, now an alternative to the petrodollar exists where none existed before. And this is the crux of the matter that needs to be examined: The trend towards alternatives, and all alternatives leading to centralization by global banks.
Beyond the shift away from the U.S. dollar as a global reserve, there is a new matter of alternative international payment systems. SWIFT (Society for Worldwide Interbank Financial Telecommunication) is a global network of “financial messages” between major banks, including central banks. Transactions are recorded through the SWIFT network, which allows fast confirmation of “messages” and updates of accounts across the world.
Originally founded in Brussels, for decades SWIFT has been the only such banking network with global capacity, and until recently the primary data centers have been in the U.S. and the Netherlands.
(in part)
All multilateral trade deals are fundamentally flawed. They immediately become 'frozen' by almost unadjustable amending forumulas. They are unable to react to changing markets, exchange rates or, technologies. These have to referred to supranational resolution tribunals and be incorporated into some solution that will appease all parties. Adjustable BiLateral trade agreements are the only treaties that work fluidly.
Trump wants a continental manufacturing engine that works to the benefit of American workers. That would be integrated into a Colonial system where Canada would provide unprocessed resources, Mexico poorly compensated menial labour. America is the Empire.. Canada and Mexico are the colonies.
Trump is very canny and intuitive in his understanding of Trade and its effect on the national economy. We are saddled with a naive, gullible sucker in Justin. He just bought a Bridge on the Hudson Rive.
Trump wants a continental manufacturing engine that works to the benefit of American workers. That would be integrated into a Colonial system where Canada would provide unprocessed resources, Mexico poorly compensated menial labour. America is the Empire.. Canada and Mexico are the colonies.
Trump is very canny and intuitive in his understanding of Trade and its effect on the national economy. We are saddled with a naive, gullible sucker in Justin. He just bought a Bridge on the Hudson Rive.
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Mad cow burgers, yummy.
https://www.dailymail.co.uk/health/...ly-contains-dangerous-levels-antibioticS.html
Your burger may be increasing antibiotic resistance: Almost every chain except for Shake Shack is slammed for failing to cut out medicated livestock
https://www.dailymail.co.uk/health/...ly-contains-dangerous-levels-antibioticS.html
Your burger may be increasing antibiotic resistance: Almost every chain except for Shake Shack is slammed for failing to cut out medicated livestock
- The 2018 Chain Reaction report looked at the 25 top US burger chains
- Only Shake Shack and Burger Fi received As for serving burgers using beef raised without antibiotics
- Wendy's received a D minus and the other 22 chains, including McDonald's and Burger King, received an F
- Researchers say the overuse of antibiotics in livestock are contributing to the growing threat of antibiotic resistance
Congress has to ratify the trade treaty that Trump just rammed through as Congess makes trade deals, not the Executive branch. It's not going to happen during what is left of this session and it is a fair bet that the Congress will end up dominated by Democrats. There is a distinct possibility that NAFTA continues on into the future in it's present form and the deal just extracted will die a death. The President does not have the authority to end NAFTA.
Vote on Trump's NAFTA replacement unlikely this year, top House Republican says
https://www.washingtonexaminer.com/...&utm_medium=email&utm_campaign=WEX_News Brief
https://www.washingtonexaminer.com/...&utm_medium=email&utm_campaign=WEX_News Brief