BRICS (economic not political)

[CptTrips]

Good point but "existing trade" will soon look radically different. Former trade allies are rapidly seeking new friends and markets.

Yet even N. Vietnam used the USD for trade during the height of the Vietnam war.

You can hate a country and still choose not to voluntarily lose money.

But if conditions change, my position will change.  Like the Fed,  I am data driven.

[fd ski]

USD reserve currency status is also based on perceived USA government stability. It's T-Bills that are a "non-risk" benchmark.
Day will come when Trump is some off hand remarks will float the idea of "we don't have to pay our debts". He cheated creditors in his personal dealings, he will consider it a "leverage" in his negotiations.
That day will be beginning of the end of our currency as reserve currency of the world. Nothing will replace it in short term, but countries will have to diversify something that wasn't a risk up to this day.
And it will cost us, a lot.
 

[Eagler]

You'd think if we don't play global cop anymore and make the EU spend money to defend itself their loyalty to us would weaken as their needs and expenses have changed..

On the other hand covid supply line interruptions show the need to manufacture in country..and pay higher prices for everything

After all it's all about greed and power..not so much loyalty..and keeping Joe six pack as confused and ignorant as possible

Eagler

[DmonSlyr]

You'd think if we don't play global cop anymore and make the EU spend money to defend itself their loyalty to us would weaken as their needs and expenses have changed..

On the other hand covid supply line interruptions show the need to manufacture in country..and pay higher prices for everything

After all it's all about greed and power..not so much loyalty..and keeping Joe six pack as confused and ignorant as possible

Eagler

Amazing how they'll support Chinese tariffs and Chinese expansionism over the country whose been supporting and helping them for them decades and this is what they do to us when we decide to true up trade for Americans? They'll regret that.

America is going to be stronger than ever. Our government will get more money than ever, and less spend on fraud too. And we are going to have investment flowing back into America. If Europe and Canada would rather benefit China's growth. Then they can go pound sand and find out how great communism is in a few years. Freaking prics

[Busher]

America is going to be stronger than ever. Our government will get more money than ever, and less spend on fraud too. And we are going to have investment flowing back into America. If Europe and Canada would rather benefit China's growth. Then they can go pound sand and find out how great communism is in a few years. Freaking prics

Can I quote you on this after the recession, job losses, and price increases are in full bloom?

[CptTrips]

Can I quote you on this after the recession, job losses, and price increases are in full bloom?

Price of eggs are down.

So, there's that.

[Animl-AW]

Amazing how they'll support Chinese tariffs and Chinese expansionism over the country whose been supporting and helping them for them decades and this is what they do to us when we decide to true up trade for Americans? They'll regret that.

America is going to be stronger than ever. Our government will get more money than ever, and less spend on fraud too. And we are going to have investment flowing back into America. If Europe and Canada would rather benefit China's growth. Then they can go pound sand and find out how great communism is in a few years. Freaking prics

The trust in America us GONE. Without trust trade us very hard.  It will be the opposite

[DmonSlyr]

The trust in America us GONE. Without trust trade us very hard.  It will be the oppsite

So you trust China more who were already manipulating trade and imposing tarifs on everyone? How is that rational?

[Spikes]

America is going to be stronger than ever. Our government will get more money than ever, and less spend on fraud too. And we are going to have investment flowing back into America. If Europe and Canada would rather benefit China's growth. Then they can go pound sand and find out how great communism is in a few years. Freaking prics

Ayy there's the politics.

[DmonSlyr]

Ayy there's the politics.

Actually fd ski inserted the politics first.

I merely here to keep the conversation away from false fear propaganda BS.

And BTW, I think its absolutely despicable the way our "allies" are handling this situation. They think they can bully Americans with our tax money while benefiting China and their trade and their tarifs. Completely irrational clowns defending the communist government's. How pathetic and sad.

Yall absolutely do NOT care about workers rights and regulations and fair working standards. I never want to hear that crap again from liberals.

[CptTrips]

Well, since the seal has been broken...   

[Busher]

They think they can bully Americans with our tax money while benefiting China and their trade and their tarifs.

Your allies are bullying you?

I guess I should have said former allies. The USA has spent generations developing friendships and allies around the globe. And while people of knowledge have attempted to reveal the error of recent actions, the policy of one man has broken that trust and faith in America. If that trust can ever be rebuilt...who knows.

[AKIron]

I don't get it. It's okay for one country to levy tariffs on another but not okay for that country to respond in kind? I just don't understand how some people think.

[CptTrips]

I don't get it. It's okay for one country to levy tariffs on another but not okay for that country to respond in kind? I just don't understand how some people think.

First of all, that sounds good, even feels good.  But doesn't always make sense.

Do these uninhabited islands have tariffs on us?  Commie penguins?

If you have a small impoverished country where people live in grass huts and subsidy grow bananas and sell them to the US, are they supposed to be buying 787 Dreamliners and f-35's?

Should these tariffs go through Congressional debate and vote? 

Have all these trade disputes been properly worked through the WTO dispute process as we agreed to do by treaty?


Have all these tariffs been limited to exactly what they have against us?  Honest answers only please.

[nopoop]

Interesting quote from Kevin o'leary this am. Thoughts ?

104% tariffs on China are not enough. I'm advocating 400%. I do business with China. They don't play by the rules. They've been in the WTO for decades. They have never abided by any of the rules they agreed to when they came in for decades. They cheat, they steal, they steal IP. I can't litigate in their courts. They take product, technology, they steal it, they manufacture it and sell it back here.

Nobody has taken on China yet, not the Europeans, no administration for decades. As someone who actually does business there, I've had enough. I speak for millions of Americans who have IP that have been stolen by the Chinese. 400% tariffs tomorrow morning!