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Old 07-06-2018, 13:42   #76
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Re: Trump looking to simplify regulations

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Originally Posted by valhalla360 View Post
So Toyota is a low quality?

Sorry but this isn't about the quality of goods but about the rules that allow easy imports in one direction but not in the other.
No one said anything about Toyota but when was the last time you saw many US made goods for sale at one of our big box stores such as Walmart, Lowes, Home Depot, Menards? We have no one to blame but ourselves. It is just posturing and scape-goating to say otherwise.
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Old 07-06-2018, 14:59   #77
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Re: Trump looking to simplify regulations

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No one said anything about Toyota
There was a blanket statement that we have a trade imbalances because we allow low quality goods to be imported.

We have a large trade imbalance with Japan but they are generally considered to produce high quality products....hence the Toyota reference.

Canada and Germany are also in the top 5 trade imbalances. Along with Japan they are generally considered to produce good quality products.

So while China is the largest, 3 of the top 5 trade deficits being with countries generally considered to produce high quality items, doesn't support the theory that it's purely about allowing the import of low quality items.
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Old 07-06-2018, 16:33   #78
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Re: Trump looking to simplify regulations

Stumbling across this thread is like passing a particularly gory car wreck.


People who don't understand basic economics should not make fools of themselves by acting like they do. It's kind of like the marina go-fer starting to fix diesels because, hey, he has always been interested in them.


And no, watching Fox News or MSNBC does not qualify as learning about economics. Neither does listening to the guy two stools down at the bar or reading posts on your local right-wing/militia web site.


Ya gotta crack open serious books from the library, maybe go to school at night. If you don't, you come off as one of those dumb people who think they know everything.



Smart people know what they don't know. And they learn to ask questions until they understand.



Ya need to stick to sailing. Just saying.
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Old 08-06-2018, 01:01   #79
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Re: Trump looking to simplify regulations

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Originally Posted by Shanachie View Post
Stumbling across this thread is like passing a particularly gory car wreck.


People who don't understand basic economics should not make fools of themselves by acting like they do. It's kind of like the marina go-fer starting to fix diesels because, hey, he has always been interested in them.


And no, watching Fox News or MSNBC does not qualify as learning about economics. Neither does listening to the guy two stools down at the bar or reading posts on your local right-wing/militia web site.


Ya gotta crack open serious books from the library, maybe go to school at night. If you don't, you come off as one of those dumb people who think they know everything.



Smart people know what they don't know. And they learn to ask questions until they understand.



Ya need to stick to sailing. Just saying.
Lol.. .Enlighten us Shanachie!

My only comment on Trump rocking the Trade Tarrif boat is that :....You only get what you negotiate, you never get what you deserve!
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Old 08-06-2018, 05:02   #80
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Re: Trump looking to simplify regulations

Quote:
Originally Posted by Shanachie View Post
Stumbling across this thread is like passing a particularly gory car wreck.


People who don't understand basic economics should not make fools of themselves by acting like they do. It's kind of like the marina go-fer starting to fix diesels because, hey, he has always been interested in them.


And no, watching Fox News or MSNBC does not qualify as learning about economics. Neither does listening to the guy two stools down at the bar or reading posts on your local right-wing/militia web site.


Ya gotta crack open serious books from the library, maybe go to school at night. If you don't, you come off as one of those dumb people who think they know everything.



Smart people know what they don't know. And they learn to ask questions until they understand.



Ya need to stick to sailing. Just saying.
Yes please do educate us. Seeing there's various schools of economics which is the correct one? Austria? Keynsian? or an another?

Bernanke famously pointed out subprime was contained, how'd that workout? He's the expert right? BTW I read today that he predicts the US economy will fall of a cliff prior to 2020.
How about Greenspan? Arguably the mastro of orchestrating monetary policies that brought the world to the brink of monetary collapse in 2008? Both experts?

Bernanke refers to gold as a useless relic, Greenspan says a new gold standard would solve our problems.... which ones right?

Arguably two of the most powerful economists in the world during their time got it wrong and get it wrong, therefore I'm not convinced economics is that easy to understand.

What I do understand is that few go broke by having to little debt. The US (and many others) are drowning in bad debt, I think the outcome is fairly predictable without an economics degree.
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Old 08-06-2018, 05:03   #81
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Re: Trump looking to simplify regulations

Quote:
Originally Posted by Shanachie View Post
Stumbling across this thread is like passing a particularly gory car wreck.


People who don't understand basic economics should not make fools of themselves by acting like they do. It's kind of like the marina go-fer starting to fix diesels because, hey, he has always been interested in them.


And no, watching Fox News or MSNBC does not qualify as learning about economics. Neither does listening to the guy two stools down at the bar or reading posts on your local right-wing/militia web site.


Ya gotta crack open serious books from the library, maybe go to school at night. If you don't, you come off as one of those dumb people who think they know everything.



Smart people know what they don't know. And they learn to ask questions until they understand.



Ya need to stick to sailing. Just saying.
Yes please do educate us. Seeing there's various schools of economics which is the correct one? Austria? Keynsian? or an another?

Bernanke famously pointed out subprime was contained, how'd that workout? He's the expert right? BTW I read today that he predicts the US economy will fall of a cliff prior to 2020.
How about Greenspan? Arguably the mastro of orchestrating monetary policies that brought the world to the brink of monetary collapse in 2008? Both experts?

Bernanke refers to gold as a useless relic, Greenspan says a new gold standard would solve our problems.... which ones right?

Arguably two of the most powerful economists in the world during their time got it wrong and get it wrong, therefore I'm not convinced economics is that easy to understand.

What I do understand is that few go broke by having to little debt. The US (and many others) are drowning in bad debt, I think the outcome is fairly predictable without an economics degree.
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Old 08-06-2018, 13:24   #82
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Re: Trump looking to simplify regulations

I think Sanachie may be a seagull...

Just sayin'
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Old 08-06-2018, 14:17   #83
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Re: Trump looking to simplify regulations

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Originally Posted by daletournier View Post
Yes please do educate us. Seeing there's various schools of economics which is the correct one? Austria? Keynsian? or an another?

Bernanke famously pointed out subprime was contained, how'd that workout? He's the expert right? BTW I read today that he predicts the US economy will fall of a cliff prior to 2020.
How about Greenspan? Arguably the mastro of orchestrating monetary policies that brought the world to the brink of monetary collapse in 2008? Both experts?

Bernanke refers to gold as a useless relic, Greenspan says a new gold standard would solve our problems.... which ones right?

Arguably two of the most powerful economists in the world during their time got it wrong and get it wrong, therefore I'm not convinced economics is that easy to understand.

What I do understand is that few go broke by having to little debt. The US (and many others) are drowning in bad debt, I think the outcome is fairly predictable without an economics degree.
Foreign debt is just funny money.
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Old 08-06-2018, 15:32   #84
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Re: Trump looking to simplify regulations

Another example of Eddy's Rome Theory, which states...

"2,000 years ago Rome ruled the world. And it divided the world into two kinds of people, Romans and Barbarians. If you weren't a Roman, ergo, you were a Barbarian. The purpose of Barbarians was to provide Rome with raw materials, slaves, and for friendly Barbarians, soldiers in time of war. The purpose of Rome was to Romanize the Barbarians. But because they were Barbarians, they need not be treated fairly. They merely existed to serve Rome."

Crank this forward 2,000 years. Does it remind you of anyone?
Just wondering....
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Old 08-06-2018, 15:45   #85
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Re: Trump looking to simplify regulations

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Originally Posted by daletournier View Post

Bernanke refers to gold as a useless relic, Greenspan says a new gold standard would solve our problems.... which ones right?
As long as thread drift seems ok on this thread, I will throw this little gem from a clueless TV news reporter into the mix.



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Old 08-06-2018, 16:23   #86
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Re: Trump looking to simplify regulations

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Originally Posted by senormechanico View Post
As long as thread drift seems ok on this thread, I will throw this little gem from a clueless TV news reporter into the mix.



Well.....Over $1,700 per oz then. $1,300 an oz today.
Maybe it's NOT backed by anything.
Is it backed by gold?
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Old 08-06-2018, 21:40   #87
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Re: Trump looking to simplify regulations

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As long as thread drift seems ok on this thread, I will throw this little gem from a clueless TV news reporter into the mix.



Wow, hilarious...lol.
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Old 11-06-2018, 07:27   #88
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Re: Trump looking to simplify regulations

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Originally Posted by taxwizz View Post
Another example of Eddy's Rome Theory, which states...

"2,000 years ago Rome ruled the world. And it divided the world into two kinds of people, Romans and Barbarians. If you weren't a Roman, ergo, you were a Barbarian. The purpose of Barbarians was to provide Rome with raw materials, slaves, and for friendly Barbarians, soldiers in time of war. The purpose of Rome was to Romanize the Barbarians. But because they were Barbarians, they need not be treated fairly. They merely existed to serve Rome."

Crank this forward 2,000 years. Does it remind you of anyone?
Just wondering....
Europe?

Rome went into a slow decline from around 300AD until the Ottomans finished them off in the early 1300's. Though it could be argued that they merely took control of the leadership roles and slowly redirected the empire under a different name until their eventual collapse in the early 1900's.

Europe was the master of the world starting around the 1400's but 600yrs later they are slowly declining in influence and the leadership (monarchies) have been slowly usurped by the current bureaucracy in Brussels.

Did I get the right answer?

PS: I would have to do a little research as I don't know my Indian and Chinese history quite as well but if you look at the dynastic changes, I'm sure I could come up with similar patterns.
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Old 11-06-2018, 07:36   #89
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Re: Trump looking to simplify regulations

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Europe?

Rome went into a slow decline from around 300AD until the Ottomans finished them off in the early 1300's. Though it could be argued that they merely took control of the leadership roles and slowly redirected the empire under a different name until their eventual collapse in the early 1900's.

Europe was the master of the world starting around the 1400's but 600yrs later they are slowly declining in influence and the leadership (monarchies) have been slowly usurped by the current bureaucracy in Brussels.

Did I get the right answer?

PS: I would have to do a little research as I don't know my Indian and Chinese history quite as well but if you look at the dynastic changes, I'm sure I could come up with similar patterns.
Nope.

USA
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Old 11-06-2018, 07:49   #90
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Re: Trump looking to simplify regulations

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Nope.

USA
If you want to make that leap in logic, we are still pretty much at the peak with the USA still by far the most powerful country in the world and if we accept your Rome comparison, we have another 600-1000yrs of being a wealthy major world power.

Or are you saying we should close our borders to immigrants as some of the argument for Rome was it's original military might was due to a citizen army who had strong ties to Rome and a loyalty to the state that made them near invincible. But by around the 200-300's AD, the army was mostly immigrants doing it to gain citizenship and the financial advantages that came with it. In addition, they were supplemented by mercenary companies who were purely loyal to coin. There were even a few imperial dynastic families with Barbarian roots.
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