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Black Pigeon Speaks.
#1
Black Pigeon Speaks.



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#2
Excellent post
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#3
Interesting video. I hope the writer's confidence in America winning a trade war is fact.

It is a fine thing to be honest, but it is also very important to be right. - Winston Churchill
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#4
(07-06-2018, 11:55 PM)Innocynic Wrote: Interesting video.  I hope the writer's confidence in America winning a trade war is fact.

The point the writer made was that it's easy to win a trade war if the other party is dependent on you importing their goods.

The USA is in an almost unique position:

It is pretty much self sufficient in energy and food
Others have geared their production to sell to the USA
Most of products they have developed are inessentials or can be substituted (like cars etc)
The USA debt is denominated in its own currency
It cannot be threatened militarily

The reason Japan has been in deflation since the late 80's/early 90's is because of Bush(senior) ending their beggar-they-neighbour export policy in the late 80's. I see China as just a repeat of Japan.
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