The trade wars, they have begun

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Re: The trade wars, they have begun

Post by admin » Thu Jul 19, 2018 10:35 am

Well earning season has started, and they all seem to be warning about the tarrifs.
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Re: The trade wars, they have begun

Post by admin » Thu Jul 19, 2018 1:27 pm

Pretty much everything regarding u.s. politics is premised on the assumption that the american population knows something about the world, and cares about it.

You know i often forget, that for a large part of the american public, the rest of the world does not exist or they know nothing about it.

Well, even though this on the street geography type test have been done before, this time it made the chilean news. This time they also asked people to name any country, and many even failed to ID the country they were standing in:

https://www.biobiochile.cl/noticias/soc ... nado.shtml

So pretty much all other conversations are meaningless about the world, if you can not find the world on a map ( of the world).
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Re: The trade wars, they have begun

Post by at46 » Thu Jul 19, 2018 4:18 pm

admin wrote:
Tue Jul 17, 2018 8:56 pm
And russia just liquidated most of its u.s. treasury holdings over the last two months (and bought gold):
What's interesting also is how Russia sold $150 billion worth of Treasuries back in 2014 right after the first US sanctions were announced, and then bought them back only two weeks later. Obviously, after obtaining some assurances behind the curtains that they wouldn't be touched.

So the question is whether such assurances have now been withdrawn, given the sale coincides nicely with Putin's announcement of his new super weapons in March this year.

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Re: The trade wars, they have begun

Post by at46 » Sat Jul 21, 2018 8:51 pm

There's a rumor Russia put the money obtained from the sale of Treasuries on a deposit with J.P. Morgan. Obviously, boosting the wasps against the jays. It's getting curioser and curioser.

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Re: The trade wars, they have begun

Post by admin » Sun Jul 22, 2018 11:55 am

I think 100 billion in gold or tresuries is nothing of importance.

Russias gold reserves are much larger than anyone in the west knows. Several years back, the russian goverment became the only broker for gold. So they can set the price, and collect their share of of taxes on production from inside russia. I am sure for strategic reasons, they do not disclose all their production. China also does not disclose their numbers.

In the west most of the big productive gold fields have been found and exploited. Russia has never had the investment levels of the west. Those gold fields of alaska, arw a close geological cousin to the gold fields of siberia. That is besides oil, dimonds, and lots of other mineral wealth that only recently has started getting modern mining operations.
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Re: The trade wars, they have begun

Post by admin » Sun Jul 22, 2018 12:29 pm

A few have suggested recently that chump seems hell bent on fully turning the u.s. in to a banna republic (do they even produce bannanas?), by critising the fed and messing with the interest rates.

At this point i really dont see the diffrence between a banna republic and the u.s., other than the u.s. has nukes. In more than just messing with the central bank independance.

Elections manipulated by foreign power, check.
Leader subservient to other country, check.
Congress is lap dog to executive branch, check
Generals running executive branch, check
Leaders enriching themselves and their family, check
Free press supressed and demonized, check
Ignorant poor population exploited to give legitimacy to illegal actions, check.
Massive increase in long-term national debt to buy short-term political favors, check.

Etc, etc.
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Re: The trade wars, they have begun

Post by at46 » Mon Jul 23, 2018 4:11 pm

admin wrote:
Sun Jul 22, 2018 12:29 pm
A few have suggested recently that chump seems hell bent on fully turning the u.s. in to a banna republic (do they even produce bannanas?), by critising the fed and messing with the interest rates.

At this point i really dont see the diffrence between a banna republic and the u.s., other than the u.s. has nukes. In more than just messing with the central bank independance.

Elections manipulated by foreign power, check.
Leader subservient to other country, check.
Congress is lap dog to executive branch, check
Generals running executive branch, check
Leaders enriching themselves and their family, check
Free press supressed and demonized, check
Ignorant poor population exploited to give legitimacy to illegal actions, check.
Massive increase in long-term national debt to buy short-term political favors, check.

Etc, etc.
FBI and DOJ misled the courts in withholding the material information that Hillary Clinton’s campaign and the DNC were behind the “intelligence” used to persuade the courts to approve the FISA warrants that targeted the Trump team.

Check and, quite possibly, mate.

https://www.judicialwatch.org/press-roo ... documents/

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Re: The trade wars, they have begun

Post by eeuunikkeiexpat » Mon Jul 23, 2018 4:57 pm

at46 wrote:
Mon Jul 23, 2018 4:11 pm
Check and, quite possibly, mate.

https://www.judicialwatch.org/press-roo ... documents/
I remain skeptical when the Deep State does whatever it wants and even controls the national debate. This Empire's elites will not give up until a real checkmate occurs militarily or economic or both or perhaps internal collapse like an uncontrollable civil war. That day is coming though.
Generally, just a SPAM KILLER. You are on your own in this forum. My personal mission here is done.

BUT when necessary, by way of ridicule and truth revelation we shalt do war.

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Re: The trade wars, they have begun

Post by admin » Sat Jul 28, 2018 11:36 am

This is a fun article on just how deeply integrated the "deep state" or military industrial complex is in spartain society.

https://www.zerohedge.com/news/2018-07- ... ty-complex

I am not sure the U.S.S.R, china, nazi germany, imperial japan, or even North korea managed to get to this breath and depth of integration accross the entire society.

In fact, the term "enemy" has almost become synomious with countries that are not good customers. For example, iraq, afganistan, etc fail to buy american weapons, and poof; guess what kind of weapons they are using now?

May i also point out that the u.s. industrial military complex is not just integrated in to american society, but countries all over the world, and often with a smile.
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Re: The trade wars, they have begun

Post by HybridAmbassador » Sat Jul 28, 2018 4:19 pm

Xi Jingpin is feelin' the heat. Now that the EU and Trumpf are trying to find an accord with their Tariff thingy. Leaving PRC to devise the ways to get even to USA...

WASHINGTON—President Donald Trump and European Commission President Jean-Claude Juncker turned down the heat on a trade dispute between two of the world’s largest economic powers, suggesting Wednesday they would hold off on further tariffs while they talk through their differences.

Speaking in a joint news conference in the Rose Garden on Wednesday, the two leaders agreed to begin discussions on eliminating the tariffs and subsidies that hamper trade across the Atlantic, and to resolve the steel and aluminum tariffs the Trump administration had imposed this year as well as the retaliatory tariffs the European Union imposed in response.

The package of measures announced by Messrs. Trump and Juncker would have the EU buying more liquefied natural gas and soybeans from the U.S., and the two sides would begin a “dialogue to reduce differences on regulatory standards between the two economies,” Mr. Trump said. The two sides also suggested they would hold off on further tariffs—a nod to Mr. Trump’s threats to apply tariffs on imported cars.

https://www.wsj.com/articles/us-eu-agre ... 1532524795
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Re: The trade wars, they have begun

Post by Huelshoff » Sat Jul 28, 2018 5:27 pm

I wouldn't count the Chinese out yet:

https://www.nytimes.com/2018/07/28/worl ... v=top-news

Also, this trade "deal" with the EU looks a lot like Trump's "deal" with North Korea: a lot of talk and little substance. I've seen a number of analyses lately that see a similar pattern in Trump's "deals'' going back to the original "deal" that "saved" all those jobs at Carrier in January 2017: gin up a crisis, hold talks, and claim victory when all that has been negotiated is an agreement to negotiate. In fact, transport costs make US LNG much more expensive than Russian, and the EU produces a lot of its own soybeans. All they agreed last week was to consider increased sales--decisions that of course are taken by private actors in the market, not governments. As was pointed out repeatedly last week, EU tariffs on US-made cars are offset by a 25% US tariff on EU trucks and SUVs, the only part of US auto production that is profitable. Tariff-free trade would probably hurt the profitability of US auto manufacturers, especially in the light end of the truck and SUV market. Further, trade negotiations between the US and the EU have been on-going for years. The most recent initiative, the Transatlantic Trade and Investment Partnership, started in 2013, and Trump killed it. All that was decided last week was to restart the negotiations. Start a crisis, hold a meeting, agree to do what is already being done, declare victory, repeat.

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Re: The trade wars, they have begun

Post by at46 » Sat Jul 28, 2018 6:48 pm

Huelshoff wrote:
Sat Jul 28, 2018 5:27 pm
I wouldn't count the Chinese out yet:

https://www.nytimes.com/2018/07/28/worl ... v=top-news

In fact, transport costs make US LNG much more expensive than Russian
Apparently, the US gas is also dirty and is actually called LPG - liquefied petroleum gas - that needs to be purified (more cost) before becoming useful. The US companies don't own their LNG tankers and have to hire them (even more cost) while the US export capacity on the east coast is like 2 billion cubic meters or something? Which would be 1.3% of the Russian volume piped to the EU last year.

Plus, Russia has recently started its own LNG sales from the Yamal project, where Russian companies own their tankers outright. I think one of the first deliveries actually went to the US, funny as it may seem.

In any case, I wouldn't put my money on the promise of the US LNG/LPG taking over EU, it's just not going to happen. The US sponsored Ukrainian bruhaha which was supposed to cut off Russian gas pipelines to the EU has demonstrated how Russia/EU work in concert when their lifeline is threatened from over the Big Puddle.

Trump is drawing up a laundry list of economic/foreign policy 'victories' for the November elections and Putin, EU, China are just playing along. After all, he got elected once, he might get elected again. Why aggravate him if you might have to deal with him for the next 6 years?

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