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Global Impending Economic Doom Thread.

Discussion in 'Economics & Trade' started by Carl Von Clausewitz, Oct 5, 2018.

Page 7 of 13
  1. james M

    james M Banned

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    there is no such thing as honest or dishonest. there is a continuum and we are pretty high despite Fed. A car is always priced more than a apple for example. Do you understand?
     
    james M, Oct 19, 2018
    #151
  2. james M

    james M Banned

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    Obviously there is no exploitation of workers manages customers owners suppliers under Republican capitalism since all are free to walk away from an exploitative transaction. Only Marx imagined one group being exploited and that was before he saw the idea kill 120 million with its perfect ignorance.
     
    james M, Oct 19, 2018
    #152
  3. squidward

    squidward Well-Known Member

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    A car is priced higher than an apple? No ****.
    Genius.
     
    squidward, Oct 19, 2018
    #153
  4. james M

    james M Banned

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    pure ignorance of course if so we would not need to be working toward getting other countries toward zero tariff!!

    Feel embarrassed???
    Trump and EU officials agree to work toward 'zero tariff' deal | US news ...

    https://www.theguardian.com/us-news/.../trump-juncker-trade-war-eu-zero-tariff-deal
    Jul 25, 2018 - Donald Trump and European Union officials on Wednesday stepped back from a trade war as they struck a deal to work towards “zero” tariffs,
     
    james M, Oct 19, 2018
    #154
  5. james M

    james M Banned

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    a car is not priced higher than an apple?????????????????
     
    james M, Oct 19, 2018
    #155
  6. james M

    james M Banned

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    Our economy is booming so things are not bad but we should let our companies compete more effectively by turning capitalist ie eliminate the liberal taxes regulations trade deals budget deficits that make it harder for our companies to compete internationally!
     
    Last edited: Oct 19, 2018
    james M, Oct 19, 2018
    #156
  7. james M

    james M Banned

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    absurd and perfectly ignorant if there was no price discovery an apple might cost more than a car. 1+1=2
     
    james M, Oct 19, 2018
    #157
  8. squidward

    squidward Well-Known Member

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    Both adjust proportionately to the unit of money.
    Are you new?
     
    squidward, Oct 19, 2018
    #158
  9. squidward

    squidward Well-Known Member

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    Are you hallucinating?
     
    squidward, Oct 19, 2018
    #159
  10. james M

    james M Banned

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    so then if they adjust proportionately there is price discovery. 1+1=2
     
    james M, Oct 19, 2018
    #160
  11. squidward

    squidward Well-Known Member

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    Can you read?
    Price discovery of money(debt)
    It is 100% manipulated with no market to set the price
     
    squidward, Oct 19, 2018
    #161
  12. james M

    james M Banned

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    so? as long as pricing system allows us to accurately compare goods and services it is doing 99% of what we want it to do.
     
    james M, Oct 19, 2018
    #162
  13. Carl Von Clausewitz

    Carl Von Clausewitz Well-Known Member

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    [​IMG]
     
    Carl Von Clausewitz, Oct 19, 2018
    #163
  14. Carl Von Clausewitz

    Carl Von Clausewitz Well-Known Member

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    If the United States economy collapses, the global economy collapses.

    If the Chinese economy collapses, the global economy collapses.

    [Meanwhile, trade war between both countries. Two may enter but only one comes out unscathed....]

    [​IMG]
     
    Last edited: Oct 19, 2018
    Carl Von Clausewitz, Oct 19, 2018
    #164
  15. kazenatsu

    kazenatsu Well-Known Member Past Donor

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    Last edited: Oct 20, 2018
    kazenatsu, Oct 20, 2018
    #165
    Carl Von Clausewitz likes this.
  16. Reiver

    Reiver Well-Known Member

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    Emotional? Mere reference to definition. Capitalism is 'an economic system in which surplus value is extracted in the production process by using wage labour and utilized in the circulation process to sustain capital accumulation'.

    I suppose someone who misinterprets the meaning of emotional will also struggle with the definition of capitalism.
     
    Reiver, Oct 20, 2018
    #166
  17. Pro_Line_FL

    Pro_Line_FL Well-Known Member Past Donor

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    I am not the one who should feel embarrassed, and nor am I the one who is ignorant. Like I said, we had zero-tariff deals already negotiated with most Asian countries, Australia, EU, Canada and Mexico. Those deals were tossed out the window, and now they are trying to rush in new deals, which are basically old deals with new names. Waste of time, and taxpayer money. First you start a trade war, and then pretend to be the hero who ends it. Bad/stupid politics.

    You are being played.
     
    Last edited: Oct 20, 2018
    Pro_Line_FL, Oct 20, 2018
    #167
  18. squidward

    squidward Well-Known Member

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    Gee wiz Reiver old boy, I dont see the word "exploitation" in there
     
    squidward, Oct 20, 2018
    #168
  19. Reiver

    Reiver Well-Known Member

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    Gee wiz, you dont know what surplus value means...
     
    Reiver, Oct 20, 2018
    #169
  20. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    Hardly.

    The US contributes a very small portion to overall trade with the world. Around 12% of GDP is exported value and 15% for imported goods/services. World Trade (imports plus exports) amount to less than 30% of total GDP.

    So, it is not insignificant but neither is it all that important. If it all stopped, no trade whatsoever, what would happen? Good question!

    The answer from Forbes (and a Trade Specialist economist) here:
     
    Last edited: Oct 20, 2018
    LafayetteBis, Oct 20, 2018
    #170
  21. squidward

    squidward Well-Known Member

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    Golly gee Beev, you the hyperbole linguist now?
     
    squidward, Oct 20, 2018
    #171
  22. Reiver

    Reiver Well-Known Member

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    Just stating the bleedin obvious.
     
    Reiver, Oct 20, 2018
    #172
  23. squidward

    squidward Well-Known Member

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    No, your bleating hyperbole
     
    squidward, Oct 20, 2018
    #173
  24. Reiver

    Reiver Well-Known Member

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    Love your consistency in getting the vocab wrong. Classy! (Just trying it out)
     
    Reiver, Oct 20, 2018
    #174
  25. LafayetteBis

    LafayetteBis Well-Known Member Past Donor

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    The game was "played" when TPP (Trans-Pacific Partnership) was negotiated by Obama. Unfortunately, when we foolishly elected Donald Dork, he dumped it. (Like anything and everything that even resembles Obama's work.)

    TPP was, at the time, the best of all possible worlds and had it been signed with China as a member, we'd not have the present problem with that country that is quite likely to get even worse. To the point of hurting American exports as well.

    Dumb is as dumb does, and Donald Dork proves that point everyday in every way.

    From WikiPedia here:
     
    LafayetteBis, Oct 20, 2018
    #175
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