Posted on 03/12/2016 5:38:14 AM PST by impimp
You are right. Unfortunately when it comes to trade I find my fellow freepers, on average, to be no more my ally than DUmmies and Huff post types.
A necessary precondition to the wasting away of all that business inconvenient American sovereignty was the creation of the modern welfare state. After all, it might induce some guilt in the trust fund babies if they had to trip over dead bodies on their way into the symphony or the opera. Those who would die might not be respectful enough of privileged sensibilities to die in some inconspicuous place from which they may be hauled away by the few remaining manual workers.
Your priorities need serious adjustment.
Tell us what bank so we can avoid it please. Millions of Americans are not wanting to be in high tech or finance but are skilled workers who want to work.
I assume you enjoyed being at the mercy of the Middle East for oil for years. I think America needs to be able to provide for America and imports be just an added benefit.
Wouldn’t it be great to have another country in total control for our food, clothing or other necessities to just survive? /s
Investment banks aren’t retail banks. That is an embarrassing opening salvo you made there. To not know the difference is ... better for me to say nothing.
Are you implying that I do not invest. Please your arrogance is appalling. I have been preparing for my retirement through investments for at least 40 years. Snarky idiot your are.
Unless you are referring to buying shares in the company there is essentially no way to participate directly in the investments of an investment bank.
Of course, with the promotion of "surrogate birth" we are also trying to bring about white glove childbirth by keeping the female division of trust fund babies from bringing forth their children in travail.
Some think they know soooooo much better than God Himself and we can see the negative results all about us. The old BS that we "can be as gods" is still holding a spiritual death grip on many.
In this respect of the need of Americans for productive jobs, Trump may be a truly Christian candidate in accordance with Scripture.
And, besides, manufacturing useful widgets is also honest work which produces the bread of those who make them.
Lots of pro-Trump vanities today. Mostly by newbies ...
You said no such thing.
You said “Buy everything cheap from China”.
Apparently you as the world authority on investment can’t be interacted with. I just pray no one like you has any impact on our various mutual funds or the shares we own from years old investments in a couple of companies. Your arrogance is too much for a low information Trump supporter with extensive investments.
The unemployed widget worker and his family are making ends meet with your tax dollars. Moreover, the unemployed widget worker would want to buy whatever it is you produce, if only he had his job. You’re a double victim.
Farriers were iron workers. They went on to build frames for the model T and skyscrapers.
Your post is lame.
The reality of it is this.
Countries extort technology and jobs and intellectual property from the U.S via this so called Free Trade. What we get is over compensated executives, higher unemployment, enriched politicians and lobbyists and a burgeoning lower class.
This is great at first as cheap goods flow in and people start owning great stuff. But then the unemployment starts to catch up. The education opportunities dry up or become prohibitively more expensive, then people just getting by in the middle class fall to the lower class — need aid for insurance, food stamps etc ...
Once this cycle starts how do you stop it?
But everyone else, in my world, would have more money because they bought cheap goods instead of tariffed goods. More money turns to more spending and more activity in other parts of the economy.
High tariffs and nationalism = great depression
List all of the countries in history who improved their lot by increasing tariffs and reducing trade.
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Do you believe we have FAIR trade?
You understand how the Chinese government targeted certain industries and actually gave rebates to Chinese manufacturers? You understand how this put American manufacturers at a serious disadvantage?
I am okay with free trade if we’re playing on level ground. I am okay if China pays to use a lot of the R&D we developed (mostly paid for by USA taxpayers). I am okay if they have to produce with the same carbon emissions as we do. I am okay if they are required to have the same human rights conditions as American manufacturers. I am okay if the tariffs and behind the scenes (VAT, etc.) are equal. I am okay if the playing field is level.
If you believe we can employee so many of our citizens in finance and tech, you must have missed the dotcom bust. If you believe it is wise to not have a more diverse economy than that, you’re way off. That would be dangerous. Also, most of the finance and tech jobs would be low paying. Are you willing to support all those that cannot find good careers in finance and tech? I am not.
Will we be presented with an impossible choice between honestly paying our debts and maintaining the military defense of our country? Once the Chicoms are onto the fact that we are not paying them back and they have nothing more to gain by funding the heroin habit of our "painless" welfare state and they cut off the fiscal heroin, will the result be actual revolution here and WHAT will result?
Please never pull threads like this. Folks need to witness first hand just how poorly some process information. Reminds me, a collage in an area I grew up. Textile Science. That was even the name. Became filled with foreigners. But friends in the area did attend, it was close by and easy to get to. Those guys at 50 Y/O. just lost their jobs in IT. (yeah not textile). Well, they have no work and that school, has no textile, even changed the name from what I hear. I guess what I’m suggesting is these folks would be glad to pay a couple bucks more for a shirt if they had held a job.
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