Yes it will hurt the Chinese economy but they are in a position to absolutely DEVASTATE our economy if we back them into a corner, do you really want to put your and your families standard of living at risk based on Donald the Demagogues laughably simplistic "plan" ? He's got nothing to lose whereas you and your family have everything to lose when it turns out that the Chinese aren't going to sit idly by while we openly attack their economy and violate our trade agreements.
You are absolutely full of shit. The Market Crash was totally orchestrated by the very bankers that pushed the Federal Reserve Act of 1913 that claimed that if they were put in charge of the money supply that the panics of 1907 and 1910 would never happen again. The market crash was due to margin calls on people that had bought stock for ten percent down and a lot of money was made but then the banking oligarchs cashed out of the market and then called in the loans and that was what caused a run on the bank AND because the banks didn't have 100 percent of their money...market crashes, stock prices drop down to nothing ..... then the Morgans, Rockefellers, Rothschilds, Warburgs, etc, etc re-enter the market and buy up controlling shares in corporations that they coveted as well as unaffiliated banks...tariffs didn't have a ******* thing to do with it. Wilson negated a great many of those tariffs in 1913 that helped fund "da gubermint" and instead pushed an income tax on the labor of the people the same year the Fed banker act passed...and it was no coincidence. Consider yourself "schooled" yet again.....
My ideas on trade have been the same since before Donald got on the scene. He is just relaying what I already think about.
Yes China is largely an export driven economy that sells globally not just to the U.S. they have a low cost manufacturing base and hold trillions of dollars in U.S. debt not to mention tight government control on their economy and their population, they can weather the storm because they have a population that largely has a low standard of living, how long do you think the American Citizenry is going to stand for very high unemployment and a rapidly declining standard of living?
Thank you!
LOL, apparently you don't understand how debt markets work.... you do realize that the Chinese dumping their holdings will mostly likely lead to a crash of our markets HERE in the U.S and huge losses for U.S. banks and other institutional/private bond holders. Did you guys already forget what happened in 2007-2008 when credit markets seized up? You want to risk going through that again and throw a 45% increase in consumer prices on top of it?
Don't forget about the republicans that support it
It took a democrat pushing harder than anything else in his terms to get it done.
Don't forget about the republicans that support it
It took a democrat pushing harder than anything else in his terms to get it done.
Please don't try to pin NAFTA on Clinton. This entire ****-up was the brain child of conservatives on both sides of the border. Neither Canada nor the US have
Preliminary agreement on NAFTA was signed in August of 1992, three months before Clinton was elected. It was sold as a popular initiative, opening up the US and Canadian markets to the free movement of goods and services. Americans saw it as an opportunity to buy up Canadian companies and move jobs to the US. Mexico was almost an after-thought. It was also seen by Americans as a vehicle to give Mexicans access to jobs in Mexico to stem the numbers of Mexicans streaming across the border, illegally or otherwise. It was supposed to spur manufacturing jobs in Canada.
NAFTA was the dream of Reagan and Mulroney. Negotiations were concluded under Bush1, and passed through the American Congress with nary a whisper, since Americans wanted access to the Canadian health care system in the hopes of "Americanizing" it. We have lots of privately owned and run clinics and labs in Canada, something Americans are largely kept in the dark about.
Canadian manufacturing, especially American-owned Canadian manufacturing, has been gutted in the wake of NAFTA, especially automobile manufacturing. General Motors, and its suppliers, employed 20,000 workers in the Canadian city of Oshawa in the 1980's. That number was reduced to 2,900 by 2010, and with the closure of the last of its Oshawa manufacturing plant in 2016, those jobs will be lost too. Oshawa is a ghost town these days, much like Detroit was 10 years ago.
Of course you want to pin NAFTA on Clinton, but Clinton was also in thrall to Milton Friedman and his free market economic principles, and so he preserved the supply side focus of Reagan/Bush administrations, to the detriment of the US economy.
Oh dear god. He signed the fuckin thing. Get over it.Don't forget about the republicans that support it
It took a democrat pushing harder than anything else in his terms to get it done.
Please don't try to pin NAFTA on Clinton. This entire ****-up was the brain child of conservatives on both sides of the border. Neither Canada nor the US have achieved anything under NAFTA that was sold to our respective populations.
Preliminary agreement on NAFTA was signed in August of 1992, three months before Clinton was elected. It was sold as a popular initiative, opening up the US and Canadian markets to the free movement of goods and services. Americans saw it as an opportunity to buy up Canadian companies and move jobs to the US. Mexico was almost an after-thought. It was also seen by Americans as a vehicle to give Mexicans access to jobs in Mexico to stem the numbers of Mexicans streaming across the border, illegally or otherwise. It was supposed to spur manufacturing jobs in Canada.
NAFTA was the dream of Reagan and Mulroney. Negotiations were concluded under Bush1, and passed through the American Congress with nary a whisper, since Americans wanted access to the Canadian health care system in the hopes of "Americanizing" it. We have lots of privately owned and run clinics and labs in Canada, something Americans are largely kept in the dark about.
Canadian manufacturing, especially American-owned Canadian manufacturing, has been gutted in the wake of NAFTA, especially automobile manufacturing. General Motors, and its suppliers, employed 20,000 workers in the Canadian city of Oshawa in the 1980's. That number was reduced to 2,900 by 2010, and with the closure of the last of its Oshawa manufacturing plant in 2016, those jobs will be lost too. Oshawa is a ghost town these days, much like Detroit was 10 years ago.
Of course you want to pin NAFTA on Clinton, but Clinton was also in thrall to Milton Friedman and his free market economic principles, and so he preserved the supply side focus of Reagan/Bush administrations, to the detriment of the US economy.
