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Old July 5th, 2016, 12:45 PM   #71
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All those things are true but don't change what I have been saying and don't demonstrate that they will result in a benefit to the people, IMO.
RNG, the ImportCertiticate policy does not reduce the amount of national currency or credit in ciculation and it does not toleratethe assessed values of annual imports exceed the nationís exports.

Balance of trade is ďbakedĒ into the expenditure method of calculating gross domestic product and it is reflecteded within every other creditable formula for caculating GDP. For whatever was or will be the amount of currency and credit circulating within USAís economy in ANY particular year, the consequences of increasing exports would or will be to increase USAís GDP for that year.
I.E. a trade surplusses are postive balances of their nationís trade that directly increases the nationís GDP.

Trade deficits are negative balances of their nation's trade and they drag upon their GDP and upon their number of jobs. Those consequences in turn further drag upon their nationís wage levels and/or purchasing powers.

Do you intend to demonstrate that reduction of a nationís GDP is not economically detrimental to employees, their dependents?

Trade deficits are also detrimental to many others; They are detrimental to others to extent that they may be dependent upon enterprises or any entities that are detrimentally affected by poorer circumstances of their nationís employees.

Respectfully, Supposn
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Old July 5th, 2016, 12:58 PM   #72
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RNG, the ImportCertiticate policy does not reduce the amount of national currency or credit in ciculation and it does not toleratethe assessed values of annual imports exceed the nationís exports.

Balance of trade is ďbakedĒ into the expenditure method of calculating gross domestic product and it is reflecteded within every other creditable formula for caculating GDP. For whatever was or will be the amount of currency and credit circulating within USAís economy in ANY particular year, the consequences of increasing exports would or will be to increase USAís GDP for that year.
I.E. a trade surplusses are postive balances of their nationís trade that directly increases the nationís GDP.

Trade deficits are negative balances of their nation's trade and they drag upon their GDP and upon their number of jobs. Those consequences in turn further drag upon their nationís wage levels and/or purchasing powers.

Do you intend to demonstrate that reduction of a nationís GDP is not economically detrimental to employees, their dependents?

Trade deficits are also detrimental to many others; They are detrimental to others to extent that they may be dependent upon enterprises or any entities that are detrimentally affected by poorer circumstances of their nationís employees.

Respectfully, Supposn
That is still not a lock. Are you sure the increase in local manufacturing will in fact be required since people will have less money with which to buy those things since there are still many things that can't be or won't be manufactured locally and the people will have to spend more for those?

And what about WTO charges of export subsidies?
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Old July 5th, 2016, 01:10 PM   #73
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When Skews went to daily kos to get his talking point, as soon as he searched for unfair imports walmart popped up
Did no such search.

Which just showed me that you did.

What else popped up in your search?
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Old July 5th, 2016, 02:35 PM   #74
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That is still not a lock. Are you sure the increase in local manufacturing will in fact be required since people will have less money with which to buy those things since there are still many things that can't be or won't be manufactured locally and the people will have to spend more for those?

And what about WTO charges of export subsidies?
RNG, how did you conclude that increasing a nationís GDP will leave their population poorer?
The benefits of cheaper imported goods do not compensate USAís aggregate employees for lesser numbers of jobs and jobs of lesser purchasing powers due to trade deficits drag upon the nationís GDP.

I posted my response to your WTO question at 3:06 AM today.

Respectfully, Supposn
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Old July 5th, 2016, 03:19 PM   #75
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RNG, how did you conclude that increasing a nationís GDP will leave their population poorer?
The benefits of cheaper imported goods do not compensate USAís aggregate employees for lesser numbers of jobs and jobs of lesser purchasing powers due to trade deficits drag upon the nationís GDP.

I posted my response to your WTO question at 3:06 AM today.

Respectfully, Supposn
The benefits you talk of have not been demonstrated.

What time zone do you live in? There is no post listed at 3:06AM today that I can find, and not at 6:06 AM if you are in the eastern time zone.
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Old July 8th, 2016, 12:23 AM   #76
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The benefits you talk of have not been demonstrated.

What time zone do you live in? There is no post listed at 3:06AM today that I can find, and not at 6:06 AM if you are in the eastern time zone.
Transcript of 3:06 am, July5. 2016 post within the thread
USAís chronic trade deficits .

ďRNG, although you contend they do not materially differ and Import Certificates and tariffs do share some essential attributes, they differ regarding other attributes that are essential to their purposes. We may disagree as to the extent of their essential and effective differences.
Refer to the thread 5118-compare-tariffs-import-certificates

Within this thread I have mentioned, (possibly often mentioned?) Import Certificates as being an indirect but effective subsidy of their nationís exported goods.
Thatís among the essential attributes that enable the certificate policy to be effectively superior to tariffs and all other proposed or existing national policies for global trade.

Import Certificates are a proposed unilateral policy. The USA has no trade treaties but we do have trade agreements that do not have the federal legal status the U.S. Constitution grants to treaties.
modifications of the agreement. They also grant all participating parties the right to give six months notice of their intention to resign from further participation within the treaty.
WTOís opinions are of interest but their approval is not necessary for this proposed change of USAís global trade policy.

Respectfully, SupposnĒ
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