freedomdwarf1
Posts: 6845
Joined: 10/23/2012 Status: offline
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quote:
ORIGINAL: DesideriScuri quote:
ORIGINAL: freedomdwarf1 quote:
ORIGINAL: Termyn8or But when it comes to who is in power in Sweden or whatever, who is paying attention ? The reason nobody is paying attention is that none of these countries are armed well enough to do anything even if they wanted to. It isn't always arms or firepower that could cripple the US, Termy. The economics of either side is just as powerful as having weapons. According to Europa.eu, Total US investment in the EU is three times higher than in all of Asia. They also say: The European Union and the United States have the largest bilateral trade relationship and enjoy the most integrated economic relationship in the world. So it's about time the US started taking notice of what happens in Europe. ... First of all, there are those in the US keeping tabs on what's going on in Europe. It's just not a common practice for the majority in the US to do so. But, to what end should we be paying attention, FD? What if it's something the US doesn't find to be in it's favor? Are we to act? How would European countries react to the US meddling in their affairs? Y'all make your own decisions. The majority of US citizens won't try to convince you one way or the other. We'll just react to whatever impact your decisions make on our daily lives. If it doesn't have an impact, expect no change from us. There's not enough paying attention tho Desi. And it has nothing to do with the US 'meddling' in EU affairs, it's more like what the EU does (or might do) that has a direct affect on the US economy. Let's take an exaggerated (but not impossible) scenario - Let us suppose the circus peanut decides to scrap TPP or attempt to modify it to an extent where the other 11 countries disagree with him and kick the US out of TPP and go it alone. That's not such a far-fetched idea. Let us also assume there is even more unrest within the European structure (very possible) even if next year's elections manage to keep it all together. Now add Herr Drumpff's action plan to put huge tariffs on Chinese goods and to eject up to 3 million illegal immigrants. What is likely to happen - especially from a US perspective? Well, TPP will benefit all the other 11 countries and all trade with any of them will cost a lot more for anyone in the US. The same for any Chinese goods; which could add up to a 45% premium to everyone in the US for their goods or components used in US goods. If the political shift within Europe is enough, they are not likely to want any change in the bilateral agreement that Herr Drumphff would want for a more favourable US position. If anything, it would be to the contrary and the EU would want more favourable conditions for itself, not for the US. That, in and of itself, in conjunction with the other changes that the circus peanut wants, could have a very dramatic and damaging economic effect on the US. In essence, it would be economic suicide. Prices would rocket. You could face a bad recession. Many goods could become scarce or disappear altogether and the US wouldn't have the capacity, or the facilities (or expertise) to make them in the US. You also have to remember that many things which are US branded (laptop batteries, electronic components etc) are made in or sourced from China. He says he wants to (re)negotiate separate bilateral agreements to favour the US instead of what they are now. I can't see any country wanting to agree with that idea at all. After all, unless there is some distinct advantage for them, they won't buy it. With modern globalisation in trade agreements, nobody is going to want to give the US any advantage when they can very easily trade with everyone else. Even now, the power of the almighty greenback has been eroded to the point where several other currencies are being used as a fall-back instead of the defacto choice of the US$. The US will end up with what it has or (quite possibly) nothing at all and will have to fall back on WTO rules. So, just 3 short ideas in Herr Drumphff's political arsenal that helped him win the election is actually not so good for the US overall. That's why more Americans need to keep a mindful eye on what happens elsewhere in the world beyond it's own borders instead of continued isolationism because it would directly affect them and their living standards.
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“If liberty means anything at all, it means the right to tell people what they do not want to hear.” George Orwell, 1903-1950
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