You are mistaken as usual China is building its industrial base which grows the economy and gives the chinese increased globsl influence
Bullshit Those American companies must be partnered with chinese co-owners and turn over all their trade secrets to the china
Are you going to bore us with that win-win blarney? Many of the American companies that you are so impressed with are on the verge of becoming more chinese than American
Trump is tring to reverse 30 years of stupid trade policy China sees the sweetheart deal that began under clinton with republican support as an entitlement Which they wont give up without a fight
The difference between your perspective is mine is that mine is not based solely on love of Trump - akin to that of a Mothers love for her son. Trump is not dealing with the systemic issues that got is into this mess - nor does he intend to do so. Sure there are some Trade issues - but this is always the case. Trump is a pretender - and actor playing a role. If he had any desire to make this country great again he would be dealing with the systemic issues - and he is not. Trump is doing what his handlers want him to do for the most part. This Trade war far more about internal politics - and putting on a show - rather than being about the systemic issues that - over 30 years (40 actually as Reagan was horrible in this respect) have got us to the place where we are now. It is truly amazing the way folks today hail Reagan as some kind of economic hero. His policies were a horrible failure. Few- except uber partisans were claiming that his policies were a good thing directly after the fact - as in during the era of Daddy Bush. This whole idea of stimulating an economy on the back of tax cuts to corporations - paid for by massive debt - got us into a huge quagmire. Things were so bad that by the time Clinton took office the interest on our debt was eating up over 25% of our income. To put this in perspective - at 30% - red lights and alarm bells go off at the IMF - the water is coming into the ship faster than it can be bailed out and if something is not done soon - the ship will sink. This is not a joke Mac .. it was very serious. Forget all this nonsense about debt to GDP and so forth - these can be misleading. What is not misleading is the amount of interest on your credit cards as a ratio of how much income you have. If your earnings are 1000/month and the interest on your debt is 300/month -leaving you with only 700 to spend - you are in serious financial trouble. The solution is to either increase your income - or decrease your spending - and don't take on any more debt. To actually pay that debt down you have to put out 400/month and it will take long long time at that rate to pay the debt off. Clinton and Congress did not reign in spending and increase taxes because they wanted to - they had to. Luckily - during the Clinton years a "white swan" event happened. The internet/Tech bubble - I hope I do not have to explain how massive this revolution was - akin to the industrial revolution. This brought in huge revenue - increased income. Coupled with the tax increase and reigning in spending - the deficit was reduced to near zero .. they even paid down the deficit for a couple years if memory serves. Now we have gone back to our own vomit. The problem this time is that there is no "white swan" event on the horizon as far as I can tell. One of the things that helped us was the reduction in interest rates on our debt. Back in Clinton's time the 30 yr bond was over 8% and higher as you go back in time. The debt was around 5 Trillion .. interest payments were roughly 400 Billion a year. Up until a couple years ago the interest payments on the debt were roughly the same - .. 425-450 billion/year. How is this possible should be your question ? The debt was near 18 trillion - how could the interest payments be less. The average interest rate on the debt was reduced to roughly 2.25% .. that's how. 2.25% x 20 Trillion is 450 Billion. The problem is that interest rates can not go lower - they can only go higher - and as they do the interest we pay on our debt will skyrocket.
Yea. Toilet paper and diapers. Some of our closest held secrets. Can you even imagine what we would have done without partner agreements?
Some of the best business deals are win, win. But a Trumper wouldn't know that. They only know lose, lose.
ok I think we are miscommunicating, my comment is regarding "reason china will beat America" I think the situation is far more complex than polarisation and China has its own problems,,,
They will beat us because the only two countries and their leaders that Dirty Donald hasn't dissed and insulted in some way are Putin and Russia and the Saudi Arabians and their butcher leader MBS.Now exactly why is this???.
He is wrong....... AboveAlpha said so! http://www.politicalforum.com/index...ing-the-dollar.363410/page-29#post-1064769435 CIA economist Jim Rickards adds some fascinating details about how China's economy is dressed up to look good through White Elephants. FORGET IRAN, IRAQ, UKRAINE THIS IS WHERE WWIII STARTS...
Don't get me wrong. I hate friggin' commies. I am a child of the cold war. And yes they ain't fools, merely antithetical to human nature and behavior.
You're contradicting yourself. China will be great because of non diversity according to you. We are the most diverse county in the world. We can never be communist. We are inferior, because R's and you, don't want to invest in education or the future. Unless it's next quarters company profits.
Many might not like what I am going to say. Years ago I listened to a reverend who was talking about the future predicted in the Bible. He said the Worlds Country in power is moving in a circle. He predicted that power would shift from Western Countries to the East. I have never forgot his lecture. And it seems that if they are not stopped, China will become the World power in the near future. Trump, whether you like him or not, is trying to stop this. Despite the Democrats and Republicans in Congress, he is doing more to help our Country than the past two Presidents.
There's nothing to bring a nation together like a good foreign threat, though. America was isolationist, internally divided and very lacking in military capability prior to the World Wars, yet look at us now. We may have returned to our starting point on two out of the three, but that like I said, that could be turned around in a hurry under such circumstances as an outright war with China. Of course, it might be a bit too much like Vietnam if we try to interfere with China in that capacity on their turf, as opposed to defending our nation from Chinese aggression... But then, we're both nuclear powers, so I think we would have a lot more to worry about than just popular attitudes toward a new foreign war on the opposite side of the planet.
Become 3rd world, yes. If we invest in R&D and education. We can catch back up to the Chinese. But that won't happen with tRUMP. He wants to take their jobs to Malaysia. Or India.. The next low wage country.. I predict the cycle will go from west to east to central to west to east to central. Time will tell if I'm as correct as your seer.
Education is just what the silly Rust Belt needs, too. Education and infrastructure investment. But they won't get that with today's partisan deadlock. And to be sure, that's not on the Democrats, but on the moronic Trumpservatives who are anti-government spending on anything that Trump doesn't personally support, and Trump is strangely content to let infrastructure and education suffer while he spends his time on watching TV, tweeting and going on trips and running his big mouth.
tRUMP said it, I won't work with D's. They don't like me. He walked out of a meeting saying that. He got laughed at on world stage.
The Bible has nothing to say about the 21st century, because it's a collection of writings by people who lived roughly 2,000 years ago or more about their times. Even the apocalyptic writings were about their times, within the lifetimes of people living then, and about the situation in Israel with the Judeo-Roman war raging (NT) and their other conflicts with other powers, such as Egypt and Babylon. Trump isn't going to stop China becoming a world power. No, he is not even trying to stop that from happening. China is a growing, developing power, and it's one that even Trump and his family help support. All of America supports it with all of our investment there, and they support us also by buying our debt.
I gather you might be old, retired. Which makes you possibly a supporter of the NAFTA agreement Reagan concocted, the Gingrich(R) passed through congress, that B Clinton signed. Which took away our industrial base. Thanks rightists. Nothing better for the USA than free trade, rightists said. Why are they against free trade today? 25 yrs later. Want to blame someone for opening the China door, look to RW Nixon. One of your own.
Because all blacks are also Zulus in South Africa, eh? And that the Zulus were bribed by the regime with such a seemingly semi-state, of course, as a fact it falls of the table down?
OK ... then make Mexico to become your enemy and you a mockery in the world with such insolence. Your righty arrogance in the US is genuinely disgusting ... but so slowly you learn that you only harm yourself with it. For example, Trump has had to retract his warmongering against Iran when he realized that the number of his notable and potential allies in a war can be counted on one hand ... while the number of Iran's potential allies is multiple and he is in danger of starting a WW-3! In the case of Mexico you will also learn ... that sooner or later something like that will come back to you like echo that will really hurt you!
