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His statement is a classic example of right-wing populists twisting facts to their liking thus showing the ideology of that circle while blaming people with different views for an allegedly ideology-driven policy and decisions. Talking about an alleged "trade deficit" that needs to be reduced, Trump does not say that a) contrary to his view, it is not a negative but is advantageous to the US, and b) he only refers to the trade deficit of industrial goods and ignores the fact that the trade deficit of services is strongly in favour of the US. This is what populists do: telling half truths and relying on factoids.Trump and his chorus are saying the rest of the World is raping and pillaging the US Economy. Yes, many of the US's imports are from foreign nations, but why is that?
Well, many US industries outsourced their manufacturing to Nation's with cheaper Labour costs. It was to make lots of moneyfor the US Capitalists.
So the trade inbalance was mostly the US's own fault, not the third world countries where US money looked to for their big profits. Meagre prices to pay for their manufacturing to be sold in the US for hugely inflated prices. Like Nike shoes.
My modest super nest egg has been cracked open dripping $$$$$ into the ether because of one man. One man.
A great read Craig. Cheers.
Three wise men with a combined intellect > 5 × Trump's.
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Love these. Dictators Putin, Kym Jong, Lucashenko, Erdogan and wanna be Trump look out of place with the other normal world leaders.
When ever I see Netanyahu, Putin, Lukachenko, the Burmese generals I wish an assassins bullet would send them all to Hell. Trump, Erdogan, the Ayatolla of Iran, Kim Jong and Ji Ping to end their days locked away some place where they cant do any further damage. Have I missed anyone?I believe the Devil saved Trump from ... .. that bullet. .. One stupid man!
You West Aussies know about this. Those cunning Commies trying to over take our country by stealth.
Me too but Palmer has obviously dug deeper to reveal this bombshell. His party is evidently gaining traction too and is now overtaking One Nation. But can it sink the Greens also and perhaps hold the balance of power. Prefer their policies over the far lefties. But Palmer change the name it is so lame. I liked United Australia Party tbh.I'd vaguely heard of that airstrip before.
Blame the Northern Territory Govt ass they did the leasing of the port.Cunning and probing as usual while we were asleep at the wheel.
Half a dozen D9 bulldozers on the runway is my thought Craig.
As for the poll, that may be the case and would be in line with the policy of our rising right-wing populist party AfD. I'm in favour of sticking to a no-nukes policy since it is possible.German poll: Majority for return to nuclear energy
Thomas Australia is currently debating whether we stick with the current policy of renewable energy favored by the current Labor govt. or choose nukes instead as favored by the Liberal/National opposition. In fact this is pretty much the focal point of the upcoming election. Personally I am for a combination of both as it'd be a huge waste of our enormous stocks of renewable raw materials. Talk now of Australia going big on critical minerals too, to counter China's domination.
In a nutshell Terry. Did you hear him boasting that $billions will be flowing into America soon from his tariff policy. The man is delusional.What if China and Vietnam decided to double the costs of their i-phones to the US? Turmup has little concept of how interwinded globalmarkets are and almost zero knowledge of Economics and how destructive tariffs are to all.
Yes, I heard his hollow boasts. He likes to boast and like the majority of world leaders, I find his narsissitic character, chaotic manner, stupidity and lies destructive to the whole planet. And a felon, sexual abuser, fraudster, surrounded by dumb "Yes People" humming away in his personal echo chamber".In a nutshell Terry. Did you hear him boasting that $billions will be flowing into America soon from his tariff policy. The man is delusional.
It's a worry Zman,Trump’s proposed tariff hikes could trigger a recession for several key reasons:
These economic risks are why many experts warn that a large-scale tariff increase could push the U.S. economy into a downturn.
- Increased Costs for Consumers – Higher tariffs on imports mean businesses pay more for goods, passing those costs to consumers. This leads to inflation, reducing purchasing power and slowing economic growth.
- Retaliation from Other Countries – Major trade partners like China and the EU will likely impose counter-tariffs, making it harder for American companies to sell goods overseas, harming industries like agriculture and manufacturing.
- Supply Chain Disruptions – Many U.S. companies rely on global supply chains. Tariffs force them to either absorb higher costs (cutting profits) or find alternatives (which takes time and money). This uncertainty discourages investment.
- Stock Market Volatility – Businesses hate uncertainty. A tariff war increases market instability, potentially leading to sharp declines in investment, corporate profits, and stock values.
- Job Losses in Affected Sectors – While tariffs aim to protect American jobs, history shows they often backfire. Industries relying on imports (e.g., auto manufacturing, retail) face higher costs, leading to layoffs or outsourcing.
- Recessionary Spiral – Reduced consumer spending, business cutbacks, and trade war escalation create a vicious cycle, slowing economic activity and increasing recession risks.
Just as well Morrison showed some balls as it made us step away from those Commies and seek out alternative trade partners. Showed them that they can not bully us too. Today we as a nation can stand prouder than we did pre Covid. Only problem for us now is the wannabee dictator in the White House.Didn't Chinaput their own draconian tariffs on us recently when Morrison put his gumboot in his mouth.