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qman
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Registered: 12/06/06
Posts: 34,927
Last seen: 1 day, 8 hours
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Re: Vaccine by November? [Re: meltdowner]
#26946973 - 09/20/20 10:08 PM (3 years, 4 months ago) |
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Quote:
meltdowner said:
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sbulking said: Coronavirus is the biggest scam pushed onto the public. Solely for purpose of egomaniacs gaining power.
Bingo. Chyna let it loose because of Trump's trade deals and are hoping it costs him his second term. Trump has been hard on them and rightfully so.
You're joking right? The US trade deficits INCREASE under Trump with China and most other nations.
Do you know what would be hard on China? Banning all imports from China, that never happened. It only increased, how is that being hard on China?
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mescalinechemist



Registered: 07/02/18
Posts: 189
Last seen: 2 years, 2 months
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Re: Vaccine by November? [Re: Kryptos]
#26946976 - 09/20/20 10:11 PM (3 years, 4 months ago) |
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The economy is how we have the standard of living that we have at current. How we eat and how we have a roof over our heads.
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Kryptos
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Registered: 11/01/14
Posts: 12,262
Last seen: 1 hour, 27 minutes
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Re: Vaccine by November? [Re: qman]
#26946990 - 09/20/20 10:18 PM (3 years, 4 months ago) |
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Quote:
qman said:
Quote:
meltdowner said:
Quote:
sbulking said: Coronavirus is the biggest scam pushed onto the public. Solely for purpose of egomaniacs gaining power.
Bingo. Chyna let it loose because of Trump's trade deals and are hoping it costs him his second term. Trump has been hard on them and rightfully so.
You're joking right? The US trade deficits INCREASE under Trump with China and most other nations.
Do you know what would be hard on China? Banning all imports from China, that never happened. It only increased, how is that being hard on China?
Banning imports wouldn't even be all that hard on China. China, unlike the US, has been developing their middle class, not to mention alternate sources of income in terms of the EU.
An analogy I keep coming back to, is the idea of a relay race. or even a regular race, with no finish line. Track just keeps going and going. The US thinks it's about to hit the finishing stretch and is burning all the energy is has, by cannibalizing the middle class. China understands that the track keeps going, and is focusing on fundamentals.
This is why we will lose. We are ahead right now, but we are slowing down. China is behind, but it is not slowing down.
Until we realize that international imports, or even trade deficits, are not inherently bad (though they can be), we will continue to lose.
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qman
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Registered: 12/06/06
Posts: 34,927
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Re: Vaccine by November? [Re: Kryptos] 1
#26946996 - 09/20/20 10:25 PM (3 years, 4 months ago) |
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Even with a growing middle class, China needs to export to the US. Do you really think their wages and currency are enough to make up the consumption from the US? That's fantasy land at this point.
The Establishment has NO issues with the US trade deficits, they get fucking rich off of it. Few very people are against the US trade deficits, both R's and D's think it's wonderful, why is that? Wall Street also thinks it's wonderful. Trump doesn't even mention trade deficits anymore, why is that?
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Kryptos
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Registered: 11/01/14
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Re: Vaccine by November? [Re: qman]
#26947004 - 09/20/20 10:37 PM (3 years, 4 months ago) |
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Quote:
qman said: Even with a growing middle class, China needs to export to the US. Do you really think their wages and currency are enough to make up the consumption from the US? That's fantasy land at this point.
The Establishment has NO issues with the US trade deficits, they get fucking rich off of it. Few very people are against the US trade deficits, both R's and D's think it's wonderful, why is that? Wall Street also thinks it's wonderful. Trump doesn't even mention trade deficits anymore, why is that?
I agree that China still would prefer US consumption to buffer their own middle class. Their wages (for the middle class) are more than enough to make up the consumption. The only concern is whether they have enough middle class consumers. Currency doesn't matter. It actually matters even less when it comes to domestic consumption.
No, and most people have no problem with US trade deficits. Personally, I don't have any issues with a US trade deficit, because trade deficits are measured in primary and secondary economics. Economics is not a zero sum game. The US is primarily focused on tertiary and quaternary economics, though we recently ceded quaternary economics to China as well, as of 2018. Tertiary economics, i.e. service based economics, such as your barista or your waiter, are perfectly valid ways of making money. They don't require trade. They can be used to create a middle class that operates in a consumption based system without producing anything, if they are paid an adequate wage. Of course, paying tertiary economics an adequate wage is, let's say, "difficult", in the current ideal of the US.
Same with quaternary economics. Ain't nobody got time for science, or R+D. Well, I guess China does, which is why they've been beating the US since 2018.
We are becoming a country of baristas. Soon, our entire economy will be based on Chinese businessmen stopping by the US for a cup of coffee on their way to work.
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