USA decisively loses trade wars with Russia, China, Iran

ttystikk

Well-Known Member
https://www.nakedcapitalism.com/2019/09/the-us-massively-underestimates-the-trade-war-blowback.html

Yes, we hurt Russia, China and Iran- just enough to drive them into each other's arms. China will now buy Iranian oil and finance their oil production and other infrastructure projects. Oops!

Russia is supplying more energy to China than it does to the EU, while Chinese investment is speeding development of Russian projects. Rats!

The EU, cooperating with US sanctions, embargoed food exports and in response Russia has become one of the world's largest producers of wheat, forever closing that market for the Europeans. Dang!

Europe has lost far more money due to the trade war than the United States, and hurting its future prospects for trade with Russia and China will not sit well with the Europeans.

Finally, all this trade will be conducted in local currencies, outside of the US backed SWIFT banking system. Once this transition is completed, US trade sanctions will become increasingly meaningless.

In short, Trump managed to fuck up America's credibility, standing in the world and markets for trade both for us and for the EU.
 

ttystikk

Well-Known Member
Mr. President, it's an honor and a privilege to speak with you.
Are you saying that you actually agree with the trainwreck this administration has made of our foreign affairs?

He's not only made the United States a laughingstock but he's encouraged nations to find ways to get along without us and thereby render the weapons of economic sanctions useless.
 

Dongage

Active Member
I never said that. Outside a strong economy, I give zero F's about anything else. I want my $ to grow. Only idiots fight each other over social policy.
 

UncleBuck

Well-Known Member
I never said that. Outside a strong economy, I give zero F's about anything else. I want my $ to grow. Only idiots fight each other over social policy.
The economy is dogshit and headed to recession

Manufacturing is already in recession

The market hasn’t gained a point in 21 months

You’re deluded and racist
 

Dongage

Active Member
Smart people will capitalize on the upcoming recession. Here's a little pro-tip for you. Donald Trump is going to win the 2020 election. The economy will have an agressive down turn starting sometime 2022. A Democrat will be elected President in 2024. American idiots, such as yourself, will blame Trump, republicans will blame the Democratic President in office. See a pattern here (2008 financial crisis)? Rinse and repeat.
 

Fogdog

Well-Known Member
I never said that. Outside a strong economy, I give zero F's about anything else. I want my $ to grow. Only idiots fight each other over social policy.
After Trump stunned businesses both large and small with 30% tariffs, China agreed to buy pork and soybeans.

Maybe you can explain why that's good for the economy.
 
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ttystikk

Well-Known Member
I never said that. Outside a strong economy, I give zero F's about anything else. I want my $ to grow. Only idiots fight each other over social policy.
What the current administration has done with our sanctions to Iran, Russia and China is directly related to fiscal, not social policy. As such it will directly- and negatively- impact the domestic interest in your investment portfolio.
 

ttystikk

Well-Known Member
Smart people will capitalize on the upcoming recession. Here's a little pro-tip for you. Donald Trump is going to win the 2020 election. The economy will have an agressive down turn starting sometime 2022. A Democrat will be elected President in 2024. American idiots, such as yourself, will blame Trump, republicans will blame the Democratic President in office. See a pattern here (2008 financial crisis)? Rinse and repeat.
Only the already wealthy will have the financial resources to go bargain hunting. The vast majority of Americans do not and are already holding on by their fingernails. Far more people will suffer under the upcoming recession than rich people will benefit- this is true for any recession.

Worse, the whole reason for recessions- shedding bad debt and putting zombie companies out of their misery- has been short circuited by near zero interest rates and outright bailouts of bad debt.

Lose-lose.
 
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