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Old March 17th, 2016, 03:59 PM   #1
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USAís chronic trade deficits

USA’s chronic trade deficits.

Annual trade deficits are ALWAYS immediately detrimental to their nations’ economies.
There are only two presidential candidates that do actually reject and/or effectively avoid granting any credence to the problem of USA’s chronic global annual trade deficits. Nether Mr. Donald Trump or Senator Bernard Sanders offer any explicit proposals to significantly reduce USA’s annual global trade deficits.

I’m a political orphan; there's no one I can support. I’m among the proponents of USA adopting a specific unilateral Import Certificate policy for conducting our global trade of goods. It is a primarily market rather than government driven policy that’s entirely funded by USA purchasers of foreign goods.

Google Wikipedia’s article entitled “Import Certificates”
and/or
The paragraphs entitled “Trade Balances' effects upon their nation’s GDP”
within the article entitled “Balance of trade”.

Respectfully, Supposn
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Last edited by Supposn; March 17th, 2016 at 04:03 PM.
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Old April 8th, 2016, 07:58 AM   #2
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This link argues the trade deficits are not a bad thing, but rather a reflection of a growing economy and increased demand for goods. I do not understand the logic, but I am just reporting what I found when looking for more information.

The Causes and Consequences of the U.S. Trade Deficit | Cato Institute

This link explains foreigners buying US property is increasing and good for our economy, but as a renter, this does not look like good news to me.

U.S. Economy: A Money Laundering Operation? - The Globalist

It does not make sense to me? We give away our jobs, and sell our property at inflated rates to foreigners, increasing property values, and this is somehow good for the average Joe who needs work and rents a home?

I have heard something about an increasing gap between the rich and poor. I am wondering, does this have something to do with the average Joe's point of view and the economist point of view being different? Or is the problem just my confusion?
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Old April 9th, 2016, 02:51 PM   #3
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Quote:
Originally Posted by Athena View Post
This link argues the trade deficits are not a bad thing, but rather a reflection of a growing economy and increased demand for goods. I do not understand the logic, but I am just reporting what I found when looking for more information.

The Causes and Consequences of the U.S. Trade Deficit | Cato Institute ...
Athena, certainly a nationís trade deficit is among factors that are net detrimental to their GDP. Trade deficits particularly drag upon their nationís numbers of jobs and thus drag upon their median wage.

USAís population segment of those earning no more than the median income are more than half of all USA income earners. They, their dependents are almost entirely dependent upon their employement derived wealth; their purchasing power is critical to USAís economy.

We all benefit from cheaper imported goods; but that does not compensate USA employees and their dependents for USA's chronic annual trade deficits effects upon the purchasing powers of their wages.

Respectfully, Supposn
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Old April 9th, 2016, 03:00 PM   #4
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Quote:
Originally Posted by Athena View Post
This link argues the trade deficits are not a bad thing, but rather a reflection of a growing economy and increased demand for goods. I do not understand the logic, but I am just reporting what I found when looking for more information.

The Causes and Consequences of the U.S. Trade Deficit | Cato Institute

This link explains foreigners buying US property is increasing and good for our economy, but as a renter, this does not look like good news to me.

U.S. Economy: A Money Laundering Operation? - The Globalist

It does not make sense to me? We give away our jobs, and sell our property at inflated rates to foreigners, increasing property values, and this is somehow good for the average Joe who needs work and rents a home? ...
Athena, the nationís gross domestic product (GDP) per capita indicates the possible slice of economic pie.
(Iím not advocating for all thatís possible. All possible is generally unsustainable; we should reinvest seeds for our futures).
The nationís ďmedianĒ wage, (which is not the same thing as the ďaverageĒ wage), indicates to what extent the nationís GDP has actually been distributed.

Iím a populist believing an economic policy that provides for the nationís greater sustainable median wageís purchasing power is the superior economic policy. Iím a proponent of USA adopting the unilateral global trade policy described by Wikipediaís ďImport CertificatesĒ article.

Respectfully, Supposn
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Old April 9th, 2016, 03:02 PM   #5
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Bring China to the bargaining table by immediately declaring it a currency manipulator.
Protect American ingenuity and investment by forcing China to uphold intellectual property laws and stop their unfair and unlawful practice of forcing U.S. companies to share proprietary technology with Chinese competitors as a condition of entry to China’s market.
Reclaim millions of American jobs and reviving American manufacturing by putting an end to China’s illegal export subsidies and lax labor and environmental standards. No more sweatshops or pollution havens stealing jobs from American workers.
Strengthen our negotiating position by lowering our corporate tax rate to keep American companies and jobs here at home, attacking our debt and deficit so China cannot use financial blackmail against us, and bolstering the U.S. military presence in the East and South China Seas to discourage Chinese adventurism.
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Old April 9th, 2016, 03:05 PM   #6
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Originally Posted by Athena View Post
... I have heard something about an increasing gap between the rich and poor. I am wondering, does this have something to do with the average Joe's point of view and the economist point of view being different? Or is the problem just my confusion?
Athena, the nationís gross domestic product (GDP) per capita indicates the possible slice of economic pie.
(Iím not advocating for all thatís possible. All possible is generally unsustainable; we should reinvest seeds for our futures).
The nationís ďmedianĒ wage, (which is not the same thing as the ďaverageĒ wage), indicates to what extent the nationís GDP has actually been distributed.

Iím a populist believing an economic policy that provides for the nationís greater sustainable median wageís purchasing power is the superior economic policy. Iím a proponent of USA adopting the unilateral global trade policy described by Wikipediaís ďImport CertificatesĒ article.

Respectfully, Supposn
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Old April 9th, 2016, 11:38 PM   #7
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Bring China to the bargaining table by immediately declaring it a currency manipulator.
Protect American ingenuity and investment by forcing China to uphold intellectual property laws and stop their unfair and unlawful practice of forcing U.S. companies to share proprietary technology with Chinese competitors as a condition of entry to Chinaís market.
Reclaim millions of American jobs and reviving American manufacturing by putting an end to Chinaís illegal export subsidies and lax labor and environmental standards. No more sweatshops or pollution havens stealing jobs from American workers.
Strengthen our negotiating position by lowering our corporate tax rate to keep American companies and jobs here at home, attacking our debt and deficit so China cannot use financial blackmail against us, and bolstering the U.S. military presence in the East and South China Seas to discourage Chinese adventurism.
Coke, Iím a proponent of sovereign nations managing their own national borders; the proposed Import Certificate policy is a unilateral policy rather than an international mutual agreement.

Nationís can and often do mutually benefit from international agreements that address their mutual concerns and goals. Peace agreements, mutual defense or environmental, or navigation and traffic regulations for mutual safety, standards of measurement and terminology so that contracts between individual entities mean the same thing to all participating entities, these are all mutual concerns and goals.
But individual global trade transactions should be to the greatest extent be negotiated between and carried out by the agreementsí individual participating parties.

Itís foolish to try negotiating any entity to do what they believe is contrary to their own interests and we should beware of government policies that try to do so. There have been individual government transactions for the sale of products or the determining of geographical jurisdictions but USA has never participated in any international trade agreement that has been of economic benefit to our nation; too many of them have been contrary to our national interests.
Iím generally opposed to international economic agreements; they don't work for us.

Respectfully, Supposn
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Old April 10th, 2016, 12:02 AM   #8
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Coke, three reasons to support USA's adoption of the unilateral Import Certificate policy:
(1) We must significantly reduce our annual trade deficits and their drastic effect upon our numbers of jobs, which in turn reduces our median wage. That economic detriment is primarily borne by employees and their dependents. There are enterprises in the USA that also are more dependent upon USA's wage levels.
(2) International agreements often leave us subject to international courts. Sovereign nations should not compromise their sovereign right to determine who or what enters their nation. But the unilateral Import Certificate policy does grant equal consideration among all foreign nations’ traders and products.
(3) Currently our trade negotiation positions are greatly influenced by USA's governments' individual federal agencies and larger domestic and multi-national lobbyists; but they affect our entire nation. The Import Certificate policy is less vulnerable (than is our current policies) to mischievous intervention by domestic or foreign entities.

I consider the concept of “most favored nation” to be of some merit; but it doesn't reduce the need for the Import Certificate policy.

I do not find fault with a bilateral agreement foe each participant to treat all other participating nations’ traders and their products with no less consideration as the participants treat their "most favored (foreign) nation rather than in any inferior manner.
Nations that break such an agreement or refuse to enter such an agreement would be doing so to their own peril.

Respectfully, Supposn
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Old April 10th, 2016, 12:08 AM   #9
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Quote:
Originally Posted by Supposn View Post
Coke, Iím a proponent of sovereign nations managing their own national borders; the proposed Import Certificate policy is a unilateral policy rather than an international mutual agreement.

Nationís can and often do mutually benefit from international agreements that address their mutual concerns and goals. Peace agreements, mutual defense or environmental, or navigation and traffic regulations for mutual safety, standards of measurement and terminology so that contracts between individual entities mean the same thing to all participating entities, these are all mutual concerns and goals.
But individual global trade transactions should be to the greatest extent be negotiated between and carried out by the agreementsí individual participating parties.

Itís foolish to try negotiating any entity to do what they believe is contrary to their own interests and we should beware of government policies that try to do so. There have been individual government transactions for the sale of products or the determining of geographical jurisdictions but USA has never participated in any international trade agreement that has been of economic benefit to our nation; too many of them have been contrary to our national interests.
Iím generally opposed to international economic agreements; they don't work for us.

Respectfully, Supposn
I agree. That is why it is time we get tough and do things in our own interest. A lot of people our scared of a trade war. Politicians love to stump about how great the American people and our work ethic is. But they shit themselves if they think a trade war might start. I welcome it. I say lets have one. I put my money on the American people and the free market by making the American market the smart place and the most affordable market to manufacture in. I think the above plan I posted is the best and closest plan to actually turning around our pathetic trade agreements.

Sincerely,
Coke the Magnificent
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Old April 10th, 2016, 12:18 AM   #10
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Originally Posted by coke View Post
I agree. That is why it is time we get tough and do things in our own interest. A lot of people our scared of a trade war. Politicians love to stump about how great the American people and our work ethic is. But they shit themselves if they think a trade war might start. I welcome it. I say lets have one. I put my money on the American people and the free market by making the American market the smart place and the most affordable market to manufacture in. I think the above plan I posted is the best and closest plan to actually turning around our pathetic trade agreements.

Sincerely,
Coke the Magnificent
Coke the Magnificent gave me a chuckle. Twisted Sister the Omnipotent.
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