In the crypto space?
Have patience brother, we'll see this one out.
American Economics Thread
- Thread starter Bernard
- Start date
Have patience brother, we'll see this one out.
Hah! Bold to assume I have money invested in anything. I'm supporting three people on my wages alone.
There is broad consensus, even among American analysts, that Trump's trade war has inflicted far more damage on the US than on China. Biden is apparently continuing the Trump policy. Acccording to Kishore Mahbubani, a Harvard professor has quipped that the US is essentially telling China, "If you don't listen to me, I will shoot myself in the foot again!"
Video: (38 minutes long)
Video: (38 minutes long)
The trade war was ineffective. No one can really prove much otherwise.
The numbers go up. The numbers go down. In the end, not much has changed.
Then what was the point of the trade war, what was the Trump administration trying to accomplish? That is a real mystery even today.
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There are some suggestions that there were job losses in America due to the dislocation to industry from the tariffs.
Whether that is really true or not, since there was a pandemic, who knows.
The trump administration wanted to force entry American banking and Finance companies like Citi, Blackrock, Goldman Sachs, J P Morgan Chase etc to enter China.
That was what the trade war was about. It did succeed didn't it. To the Americans in the thread, don't feel too bad when I say this but US is "owned" by corporations.
Corporations lobbied for China's entry to WTO. Corporations lobbied for Wars in Middle East, Corporations lobbied for Plaza accord with Japan, Corporations lobby for Trade war.
Very simple.
Multinational corporations lobby for lower tariffs not higher tariffs.
Tariffs are a tax applied onto goods imported into the country.
Services usually are not subjected to tariffs.
What you are proposing here is one or two things.
This is a conspiracy theory that a tariff war on goods will open access to financial firms for services. One does not lead to the other. If they believe a tariff on goods will open up services, that really is a conspiracy theory.
Or this is a case of the government trying cover their ass; trying to justify their failed trade war (because nothing happened) they had to start the tariff war in order to gain market access for the banks from America.
Either way, it makes no sense.
That is why the Trump tariffs are a real mystery. If they understood what would happen, which was not much happened, then why do it?
Why waste your time, as every president must face election in 4 years, and why blow away your political capital?
In a sense inclusion of banking and finance Co to China prevent decoupling. Also more importantly, there won't be Chinese inclusion (I hope) to CAATSA due to high economy coupling.
Indeed, the prime objective of the trump tariffs and trade war was for a Plaza Accord 2.0 with anglo companies being able to pillage China and her patents at will. That's why they got Lighthizer on the case, and a retard like Navarro.Multinational corporations lobby for lower tariffs not higher tariffs.
Tariffs are a tax applied onto goods imported into the country.
Services usually are not subjected to tariffs.
What you are proposing here is one or two things.
This is a conspiracy theory that a tariff war on goods will open access to financial firms for services. One does not lead to the other. If they believe a tariff on goods will open up services, that really is a conspiracy theory.
Or this is a case of the government trying cover their ass; trying to justify their failed trade war (because nothing happened) they had to start the tariff war in order to gain market access for the banks from America.
Either way, it makes no sense.
That is why the Trump tariffs are a real mystery. If they understood what would happen, which was not much happened, then why do it?
Why waste your time, as every president must face election in 4 years, and why blow away your political capital?
The fact that china had to compromise with the more 'china friendly' merchant class of the US might seem like a win of sorts for the monied classes, but these monied classes have no loyalty to america and are true globalists, they will seek only that which will further enrich them.
Yes. China didn't open up fully. China also will curb the growth of these US corporations. We have to remember that it's all in return of US buying more goods from China.
The American corporations are targetting the neuve rich Chinese. The lower middle class and middle class would be serviced by Chinese Banks themselves.
Also, most of these companies have entered China on partnerships. In the future they'd be more competition.insurance companies are poison. They must be kept at bay.