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... So you've claimed. So let's stop importing oil, it's sure to increases jobs and median wages.
All annual trade deficits are an immediate economic detriment to their nations.
Excellent! No foreign oil, starting today!
Toddster Patriot, Refer to response #458 entitled Exclusions to the assessed values of goods.
Assuming congress would include crude oil among their list of identified precious or scarce mineral materials, export or import of crude oil would be unaffected by this trade proposal.
Hindering global trade of any precious or scarce material integral to goods being assessed is your idea rather than mine.
Respectfully, Supposn
USA unemployment and under employment can be dirrectly attributed to nearly 50 years of rather stupid trade policies.
MOSTLY one must blame the DEMOCRATS for this, FYI.
Google Wikipedia’s articles’ “Import Certificates” and to the paragraphs entitled “Trade balances affects upon their nation’s GDP” within the article “Balance of Trade”.
Also refer to the thread:
http://www.usmessageboard.com/econo...tal-to-their-nations-gdps-21.html#post7835134
Respectfully, Supposn
Hindering global trade of any precious or scarce material integral to goods being assessed is your idea rather than mine.
"All annual trade deficits are an immediate economic detriment to their nations" is your idea.
The largest single American import is oil.
Why don't you want to eliminate the single largest "immediate economic detriment" to our nation?
Why are you inconsistent in your belief?
Hindering global trade of any precious or scarce material integral to goods being assessed is your idea rather than mine.
"All annual trade deficits are an immediate economic detriment to their nations" is your idea.
The largest single American import is oil.
Why don't you want to eliminate the single largest "immediate economic detriment" to our nation?
Why are you inconsistent in your belief?
Toddster Patriot, there are logical reasons for excluding the approximate value precious or scarce minerals integral to goods being assessed.
(Similar imported and exported goods values are assessed in exactly the same manner).
Transferable Import Certificates advantage over any other form of transferable securities or of money is that only the surrender of ICs with face values sufficient the value of goods can enable those goods to enter the USA. Precious minerals such as platinum ore or diamonds are a common substitute for cash.
Regardless of how low ICs global market price, there would never be a U.S. trade deficit of goods assessed values.
ICs effectiveness as a subsidy of USA exports is inversely related to both the assessed volume of our exports and the additional cost of imports to USAs final purchasers and users of imported goods.
We do not want to export gem stone encrusted cast gold paper weights from the USA to enable more importing of foreign goods. Trade deficits detriments to their nations GDPs are primarily due to their reduction of jobs and median wage. Permitting such minerals to be included within the assessed values would be contrary to the purpose of reducing the nations trade deficit.
The drafters of the U.S. Constitution recognized that some states gained and some states lost due to tariffs and other commerce regulations. Our federal government has supreme jurisdiction of interstate commerce regardless of any particular states best interests.
I believe in free enterprise and I believe in free markets within and between our states.
Im among the proponents of this specific Import Certificate proposal because it is to the advantage of a nation such as ours which has had GDP, numbers of jobs and median wages less than otherwise due to our trade deficits. We have had annual trade deficits of goods for a half century.
For the sake of an ideological concept, (pure free trade), Im unwilling to altruistically sacrifice the interests of our salary and wage earners for the benefit of nations that are unable or unwilling to better compensate their laborers.
Although trade deficits are detrimental to USAs numbers of jobs, median wage and GDP, federal intervention of trade involving scarce minerals (which are unfeasible to manufacture) is an unjustifiable risk that would likely be contra productive.
I do not argue with facts and circumstance that were unable to change.
Respectfully, Supposn
The largest single American import is oil.
Why don't you want to eliminate the single largest "immediate economic detriment" to our nation?
Why are you inconsistent in your belief?
Toddster Patriot, there are logical reasons for excluding the approximate value precious or scarce minerals integral to goods being assessed.
(Similar imported and exported goods values are assessed in exactly the same manner).
...
... I believe in free enterprise and I believe in free markets within and between our states.
Im among the proponents of this specific Import Certificate proposal because it is to the advantage of a nation such as ours which has had GDP, numbers of jobs and median wages less than otherwise due to our trade deficits. We have had annual trade deficits of goods for a half century.
For the sake of an ideological concept, (pure free trade), Im unwilling to altruistically sacrifice the interests of our salary and wage earners for the benefit of nations that are unable or unwilling to better compensate their laborers.
Although trade deficits are detrimental to USAs numbers of jobs, median wage and GDP, federal intervention of trade involving scarce minerals (which are unfeasible to manufacture) is an unjustifiable risk that would likely be contra productive.
I do not argue with facts and circumstance that were unable to change.
Respectfully, Supposn
Yes, because not all trade deficits are "an immediate economic detriment to their nations"
Clearly oil imports increase the USAs numbers of jobs, median wage and GDP.
Toddster Patriot, there are logical reasons for excluding the approximate value precious or scarce minerals integral to goods being assessed.
(Similar imported and exported goods values are assessed in exactly the same manner).
...
... I believe in free enterprise and I believe in free markets within and between our states.
Im among the proponents of this specific Import Certificate proposal because it is to the advantage of a nation such as ours which has had GDP, numbers of jobs and median wages less than otherwise due to our trade deficits. We have had annual trade deficits of goods for a half century.
For the sake of an ideological concept, (pure free trade), Im unwilling to altruistically sacrifice the interests of our salary and wage earners for the benefit of nations that are unable or unwilling to better compensate their laborers.
Although trade deficits are detrimental to USAs numbers of jobs, median wage and GDP, federal intervention of trade involving scarce minerals (which are unfeasible to manufacture) is an unjustifiable risk that would likely be contra productive.
I do not argue with facts and circumstance that were unable to change.
Respectfully, Supposn
Yes, because not all trade deficits are "an immediate economic detriment to their nations"
Clearly oil imports increase the USAs numbers of jobs, median wage and GDP.
Yes, because although trade deficits are detrimental to USAs numbers of jobs, median wage and GDP, federal intervention of trade involving scarce minerals (which are unfeasible to manufacture) is an unjustifiable risk that would likely be contra productive.
I do not argue with facts and circumstance that were unable to change.
Respectfully, Supposn
Excerpted Transcript from thread http://www.usmessageboard.com/econo...tal-to-their-nations-gdps-21.html#post7835134 , post #305, entitled Mitigating trade deficits detriments to GDPs.
Google Wikipedias article entitled Import Certificates and also the paragraphs entitled Trade balances affects upon their nations GDP within the article entitled Balance of trade.
Respectfully, Supposn
//////////////////////////
Mitigating trade deficits detriments to their nations numbers of jobs, median wages and thus their GDPs.
Nations annual trade deficits are ALWAYS detrimental upon their numbers of jobs and median wage which are reflected within the nations GDPs. Those detriments are immediate and their drag upon their nations entire economies exceeds the amounts of the trade deficits themselves.
Trade deficits are particularly detrimental to their nations families dependent upon salaries and wages; (that includes the overwhelming majority of USAs middle income earners).
To an extent nations lesser than otherwise GDPs due to their trade deficits can be mitigated or even overtaken due to their imported production supporting products. It is also conceivable for a nations laborers aggregate technical, craftsmanship and production superior accomplishments to similarly mitigate their trade deficits detriment to their GDP. Conceivably such mitigation could immediately or eventually match or overtake detriments due to trade deficits.
Unfortunately the USAs trade deficit is not due to imported production support products and has not demonstrated knowledge, craftsmanship and management skills so superior as to eliminate our trade deficits of goods that have been occurring each year in excess of a half centurys duration.
... Your post is wrong no matter how many threads you place it on.
... Your post is wrong no matter how many threads you place it on.
Toddster Patriot, this is the entire logic of your confrontational response?
Refer to the paragraphs entitled Trade balances affects upon their nations GDP within the Wikipedia article entitled Balance of trade
or
http://www.usmessageboard.com/econo...ays-detrimental-to-their-nations-gdps-21.html
and
Wikipedias Import Certificates article.
Respectfully Supposn
... Your post is wrong no matter how many threads you place it on.
Toddster Patriot, this is the entire logic of your confrontational response?
Refer to the paragraphs entitled “Trade balances’ affects upon their nation’s GDP” within the Wikipedia article entitled “Balance of trade“
or
http://www.usmessageboard.com/econo...ays-detrimental-to-their-nations-gdps-21.html
and
Wikipedia’s ‘Import Certificates” article.
Respectfully Supposn
We could NOT have these trade deficits if we did not at the same time, have a monetary and taxation policies that create massive distortions of real currency valuations and pricing in targeted importing or exporting nations.
Almost the entire world's paper currency situation is one rather large fiasco thanks to the world abandoning the GOLD STANDARD as it related to national balance of trade events ...
We could NOT have these trade deficits if we did not at the same time, have a monetary and taxation policies that create massive distortions of real currency valuations and pricing in targeted importing or exporting nations.
Almost the entire world's paper currency situation is one rather large fiasco thanks to the world abandoning the GOLD STANDARD as it related to national balance of trade events ...
We could NOT have these trade deficits if we did not at the same time, have a monetary and taxation policies that create massive distortions of real currency valuations and pricing in targeted importing or exporting nations.
Almost the entire world's paper currency situation is one rather large fiasco thanks to the world abandoning the GOLD STANDARD as it related to national balance of trade events
China devalues its currency (relative to the USD) to create jobs in China thus making Chinese goods cheaper to import into the USA and Western industrial nations.
Devalued USDs pay for these goods, which the Chinese government then dutifully converts into US debt instruments.
At the same time China's internal taxes (like VAT taxes) are waived on exported Chinese goods but IMPOSED on imported goods coming into China.
We wonder why we have a diminishing percentage of Americans working?
The above is a large part of why this has become our new reality, folks. ...