HoonDing Posted January 27, 2017 Posted January 27, 2017 Economics is not a zero-sum game. A trade deficit is not equivalent to "losing". The ending of the words is ALMSIVI.
Wrath of Dagon Posted January 27, 2017 Author Posted January 27, 2017 It's a loss to the economy for sure. It has some benefits, mostly lower prices, but that is because we're borrowing instead of earning. So it's just a question of how long the scam continues. "Moral indignation is a standard strategy for endowing the idiot with dignity." Marshall McLuhan
Keyrock Posted January 27, 2017 Posted January 27, 2017 As per Rosbjerg's "request", I've decided to post some attractive politicians. First up, Yuri Fujikawa: 1 RFK Jr 2024 "Any organization created out of fear must create fear to survive." - Bill Hicks
Volourn Posted January 27, 2017 Posted January 27, 2017 (edited) Caliexit. I think its funny considering the war that was faught to keep states from leaving before. L0L This is why both sides are silly. Because, opinions would be switched if a red leaning state like Texas were to try to leave. Yet, people like Obama actually believes that the entire world should bow to one single 'world wide gov't'. Even in Kanada we have multiple threats of provinces leaving. Mostly Quebec repeatedly but Western provinces at times too. P.S. Read the California article. L0L Even more hilarious, it is being pushed by a Russian group supported by the Russian gov't. HAHAHAH Also, people whine when Trump wants to leave or redo things like NAFTA, TTP, or even the UN.... but since thinsg don't go their way they want to take their ball and leave the US. Don't people pay attention to this type of hypocrisy. Edited January 27, 2017 by Volourn DWARVES IN PROJECT ETERNITY = VOLOURN HAS PLEDGED $250.
Elerond Posted January 27, 2017 Posted January 27, 2017 When your car industry buy cheap parts from Mexico and then uses them to build cars in US and sells them to Europe with bigger profit that they could do if they had bought those parts from US, they most likely decrease US's over all trade deficit compared to situation where they had made those part domestically because with cheaper part they can better compete in prices with European car manufactures. But in case of food products things become much difficult to tell. Even though cheaper food means that people have more money to put in services and products made in US, but it is very difficult to tell if that money helps US companies to make products and services that they can sell to foreign markets to help decrease trade deficit. One thing that would help US to drop its trade deficit somewhat would be to decrease US dependency to oil, so that it would not need to buy it so much. Like for example in 2015 US imported 4.71 million barrels per day (total 9.45 million barrels per day) more than it exports with average price of 52 dollars of barrel, meaning that US imported oil worth of 89.4 billion dollars more than it exported in 2015. So dropping amount of imported oil to that to half would decrease US from trade deficit more than getting to zero balance with Mexico.
Gromnir Posted January 27, 2017 Posted January 27, 2017 fundamental misconceptions 'bout economics. the US is a Service economy. trade deficit o' goods is expected and ordinary. lack o' us savings, on the other hand, is a problem and makes issue o' trade deficit more salient. and owe money to china is an oft raised hobgoblin which is also revealing a basic misunderstanding. treasury bills is the US debt china holds. great. fantastic. china is buying US T-Bills precisely 'cause they is such a safe and lucrative long term investment. china's t-bill love affair is only troublesome if it stops. also, american citizens hold far more US debt in the form o' t-bills than does china. is why trump's suggestion o' simple defaulting on debt were universal mocked. HA! Good Fun! "If there be time to expose through discussion the falsehood and fallacies, to avert the evil by the processes of education, the remedy to be applied is more speech, not enforced silence."Justice Louis Brandeis, Concurring, Whitney v. California, 274 U.S. 357 (1927) "Im indifferent to almost any murder as long as it doesn't affect me or mine."--Gfted1 (September 30, 2019)
Wrath of Dagon Posted January 27, 2017 Author Posted January 27, 2017 (edited) Caliexit. I think its funny considering the war that was faught to keep states from leaving before. L0L This is why both sides are silly. Because, opinions would be switched if a red leaning state like Texas were to try to leave. Yet, people like Obama actually believes that the entire world should bow to one single 'world wide gov't'. Even in Kanada we have multiple threats of provinces leaving. Mostly Quebec repeatedly but Western provinces at times too. P.S. Read the California article. L0L Even more hilarious, it is being pushed by a Russian group supported by the Russian gov't. HAHAHAH Also, people whine when Trump wants to leave or redo things like NAFTA, TTP, or even the UN.... but since thinsg don't go their way they want to take their ball and leave the US. Don't people pay attention to this type of hypocrisy. Once again, like with the hacked emails, Russians are doing us a favor. When your car industry buy cheap parts from Mexico and then uses them to build cars in US and sells them to Europe with bigger profit that they could do if they had bought those parts from US, they most likely decrease US's over all trade deficit compared to situation where they had made those part domestically because with cheaper part they can better compete in prices with European car manufactures.Normally you'd run a deficit with one country but compensate for it by having a surplus with another. Problem is we run deficits with everyone. But in case of food products things become much difficult to tell. Even though cheaper food means that people have more money to put in services and products made in US, but it is very difficult to tell if that money helps US companies to make products and services that they can sell to foreign markets to help decrease trade deficit. One thing that would help US to drop its trade deficit somewhat would be to decrease US dependency to oil, so that it would not need to buy it so much. Like for example in 2015 US imported 4.71 million barrels per day (total 9.45 million barrels per day) more than it exports with average price of 52 dollars of barrel, meaning that US imported oil worth of 89.4 billion dollars more than it exported in 2015. So dropping amount of imported oil to that to half would decrease US from trade deficit more than getting to zero balance with Mexico. We could easily produce all the oil we need domestically, but that would require a fee on imported oil to make domestic production profitable. That is not politically possible. Edit: Doesn't matter that we're a service economy. You always pay for goods and services you consume with the goods and services you produce. We don't do that, so we have to borrow the difference. That works fine so long as you can borrow indefinitely and continue to pay the interest on the ever increasing debt. Edited January 27, 2017 by Wrath of Dagon "Moral indignation is a standard strategy for endowing the idiot with dignity." Marshall McLuhan
Hurlshort Posted January 27, 2017 Posted January 27, 2017 Yeah, they aren't going to get half a million people to sign on to putting that on the ballot in California.
Gorgon Posted January 27, 2017 Posted January 27, 2017 Wow, Theresa May has the personality of a flower pot. Na na na na na na ... greg358 from Darksouls 3 PVP is a CHEATER. That is all.
Gromnir Posted January 27, 2017 Posted January 27, 2017 more alternative facts, eh? HA! Good Fun! "If there be time to expose through discussion the falsehood and fallacies, to avert the evil by the processes of education, the remedy to be applied is more speech, not enforced silence."Justice Louis Brandeis, Concurring, Whitney v. California, 274 U.S. 357 (1927) "Im indifferent to almost any murder as long as it doesn't affect me or mine."--Gfted1 (September 30, 2019)
Wrath of Dagon Posted January 27, 2017 Author Posted January 27, 2017 Yeah, they aren't going to get half a million people to sign on to putting that on the ballot in California. According to polls 30% of Californians favor secession. Granted you need pretty good organization to get that many valid signatures, and they don't seem to have one, so we'll see. The perils of meritocracy: https://www.nytimes.com/2017/01/17/opinion/the-rise-and-fall-of-european-meritocracy.html?_r=2 Shorter version : Even if you're a citizen of the world, the world still doesn't give a crap about you. "Moral indignation is a standard strategy for endowing the idiot with dignity." Marshall McLuhan
Gfted1 Posted January 27, 2017 Posted January 27, 2017 Welp, looks like were going to need a lot more wall between CA and OR/NV/AZ. Or else illegals will just flood in from CA unsecured border, included ex-citizens. If only you guys would vote me into power and allow unrestricted drone pepper spraying, I could end this thing in a month. "I'm your biggest fan, Ill follow you until you love me, Papa"
Wrath of Dagon Posted January 27, 2017 Author Posted January 27, 2017 Why wouldn't they just stay in California? They're wanted there, the benefits are great, and the Governor pretty much already surrendered the state to them. "Moral indignation is a standard strategy for endowing the idiot with dignity." Marshall McLuhan
Gfted1 Posted January 27, 2017 Posted January 27, 2017 Cause bigmouths gonna bigmouth. I'm still waiting for the mass exodus of celebrities that were leaving if Trump won. Just imagine the buyers remorse if they secede. "I'm your biggest fan, Ill follow you until you love me, Papa"
Pidesco Posted January 27, 2017 Posted January 27, 2017 If California left, the US would have a lot of emigration to it. "My hovercraft is full of eels!" - Hungarian tourist I am Dan Quayle of the Romans. I want to tattoo a map of the Netherlands on my nether lands. Heja Sverige!! Everyone should cuffawkle more. The wrench is your friend.
Deadly_Nightshade Posted January 27, 2017 Posted January 27, 2017 We could easily produce all the oil we need domestically, but that would require a fee on imported oil to make domestic production profitable. That is not politically possible. Personally I think that we should not tap into our native oil reserves until we absolutely must (because why run them down when we don't have to, I'd rather pay more and have strategic advantage later than use them now and find ourselves short when we really need them). 1 "Geez. It's like we lost some sort of bet and ended up saddled with a bunch of terrible new posters on this forum." -Hurlshot
Gfted1 Posted January 27, 2017 Posted January 27, 2017 If California left, the US would have a lot of emigration to it. Just think of all the "jobs" that would be freed up! "I'm your biggest fan, Ill follow you until you love me, Papa"
Wrath of Dagon Posted January 27, 2017 Author Posted January 27, 2017 We could easily produce all the oil we need domestically, but that would require a fee on imported oil to make domestic production profitable. That is not politically possible. Personally I think that we should not tap into our native oil reserves until we absolutely must (because why run them down when we don't have to, I'd rather pay more and have strategic advantage later than use them now and find ourselves short when we really need them). The oil is virtually infinite, it's just a question of getting it out of the ground. "Moral indignation is a standard strategy for endowing the idiot with dignity." Marshall McLuhan
Keyrock Posted January 27, 2017 Posted January 27, 2017 (edited) Maria Carfagna Edited January 28, 2017 by Keyrock 2 RFK Jr 2024 "Any organization created out of fear must create fear to survive." - Bill Hicks
ShadySands Posted January 27, 2017 Posted January 27, 2017 If California left, the US would have a lot of emigration to it. Not that it's ever going to happen but If they did leave then I'm pretty sure other states would follow 1 Free games updated 3/4/21
Hurlshort Posted January 28, 2017 Posted January 28, 2017 It's just such a weird sentiment to WANT California to leave. I mean, as you type it on your computer, or maybe on your fancy smart phone. Or as you enjoy your fruits and vegetables. Or as you watch your entertainment. Sure, California is the source of all the US's problems. Right-o. 3
Agiel Posted January 28, 2017 Posted January 28, 2017 (edited) I'm also baffled by the implication that California should be considered any less "American" than all those heartland states. After all, as that movie "The Founder" shows, it's the birthplace of McDonalds which is as good a symbol as any of American innovation and ingenuity (such as it is, given Ray Kroc's depiction) and the footprint it leaves on the rest of the world. And, you know? Taco Bell, Carl's Jr, In-n-Out, and Del Taco were founded in Los Angeles. That makes the city the source of another American symbol: Chronic obesity. Edited January 28, 2017 by Agiel 1 Quote “Political philosophers have often pointed out that in wartime, the citizen, the male citizen at least, loses one of his most basic rights, his right to life; and this has been true ever since the French Revolution and the invention of conscription, now an almost universally accepted principle. But these same philosophers have rarely noted that the citizen in question simultaneously loses another right, one just as basic and perhaps even more vital for his conception of himself as a civilized human being: the right not to kill.” -Jonathan Littell <<Les Bienveillantes>> Quote "The chancellor, the late chancellor, was only partly correct. He was obsolete. But so is the State, the entity he worshipped. Any state, entity, or ideology becomes obsolete when it stockpiles the wrong weapons: when it captures territories, but not minds; when it enslaves millions, but convinces nobody. When it is naked, yet puts on armor and calls it faith, while in the Eyes of God it has no faith at all. Any state, any entity, any ideology that fails to recognize the worth, the dignity, the rights of Man...that state is obsolete." -Rod Serling
Wrath of Dagon Posted January 28, 2017 Author Posted January 28, 2017 It's just such a weird sentiment to WANT California to leave. I mean, as you type it on your computer, or maybe on your fancy smart phone. Or as you enjoy your fruits and vegetables. Or as you watch your entertainment. Sure, California is the source of all the US's problems. Right-o. From my point of view, it's the source of all of US's political problems, or most of them anyway. It was fine when it was Republican, or even a swing state, but now it's an evil, lawless Democrat empire. "Moral indignation is a standard strategy for endowing the idiot with dignity." Marshall McLuhan
Hurlshort Posted January 28, 2017 Posted January 28, 2017 It's just such a weird sentiment to WANT California to leave. I mean, as you type it on your computer, or maybe on your fancy smart phone. Or as you enjoy your fruits and vegetables. Or as you watch your entertainment. Sure, California is the source of all the US's problems. Right-o. From my point of view, it's the source of all of US's political problems, or most of them anyway. It was fine when it was Republican, or even a swing state, but now it's an evil, lawless Democrat empire. Ah ok, that doesn't sound unreasonable at all. 1
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