“In the last century, we had two world wars, And in between them, the Great Depression. I don’t think anybody should really try to have a repetition of history.”
— Read on www.zerohedge.com/news/2018-11-27/china-ambassador-warns-dire-consequences-if-no-deal-hints-all-out-war
China playing hardball
September marked a decade since the bursting of the housing bubble, which was followed by the stock market meltdown and the government bailout of the big banks and Wall Street. Last week’s frantic stock market sell-off indicates the failure to learn the lesson of 2008 makes another meltdown inevitable.
— Read on mises.org/power-market/ten-years-after-last-meltdown-another-one-around-corner
Bigger than TRUMP: US LED World Order is COLLAPSING
— Read on www.bitchute.com/video/peXaa4hbZ4I/
In a surprise announcement, Mexican Economy Minister Ildefonso Guajardo said on Wednesday that the US and Mexico could come to terms on a bilateral trade
— Read on classiarius.net/nafta-ii-should-be-the-stated-goal-for-us-and-canada/
The Hong Kong stock market, The Hang Seng Index, continues to fall deeper into a bear market as the war of words from the White House has now turned into
— Read on classiarius.net/the-trade-war-between-the-us-and-china-the-hang-seng-index-slides/
QUESTION: Mr. Armstrong; Do you agree with Trump that if he canceled NAFTA, the United States would be better off? SN ANSWER: Ironically – YES from a jobs perspective, not the consumer. What you have to understand is that these trade deals are all nonsense. They are NOT Free Trade in the least. They are compromises so politicians can pretend they have accomplished something. Take the deal with Europe. France’s position was that nothing can be called “Champagne” unless it comes from that region in France. Every trade negotiation is a compromise that maintains protectionism. In that regard, if Trump actually canceled NAFTA, his boast that the US would be better off is meant that all products would then be subjected to tariffs and all of the American industry would be protected. Now, that said, this view is that of the worker – not the consumer. All of these trade negotiations are one-sided. They are always focused only on jobs and not producing the best price for the consumer which in turn raises our standard of living. I have never encountered even one politician who has EVER defended the consumer in trade deals. This violates the principle of Comparative Advantage put forth by David Ricardo. It’s true that Saudi Arabia could grow lettuce but the cost of irrigation in the desert would make the cost 10 times more than simply buying it from Europe or North America. It would cost the consumer far more to simply grow that product in the desert than importing so it is best to buy it elsewhere and focus on your productive capacity in which you have some comparative advantage over others.
— Read on www.armstrongeconomics.com/world-news/world-trade/trump-threatens-to-cancel-nafta-if-congress-interferes/
Trump announced a tentative trade agreement with Mexico, calling it “much better” than NAFTA.
— Read on patriotpost.us/articles/57903-a-new-nafta-and-the-art-of-the-deal
There’s a whole lot of buzz about the sharing economy. Many seem to think it is something new, with some calling for a ‘new economics’ to explain it while others deride the ‘gig economy’ as a higher level of exploitation, inequality, and poverty. Neither is a good analysis. First things first: the sharing economy was facilitated by advances in technology alongside consumer
— Read on mises.org/power-market/sharing-economy-exploitative
People really think we have free trade and somehow Trump is reversing that fact. This, of course, is how the press has portrayed the issue, but that is just far from the truth. Trump is now looking at putting a 20%-25% tariff on cars coming from Europe. Personally, I only have German cars so I would not like to see that outcome. But personal wishes are not something I can explore for analysis. What I can say is that far too much is being fudged. Countries are using DUTIES as the alternative to tariffs. It has gotten so impossible, we can no longer create the mugs we always give away at every conference in the USA when the conference is in Europe or Asia. Our last two conferences in Asia required us to manufacture the mugs in the country of the conference because we cannot get them into the country even when we hand them out for free. To government’s nothing is FREE and then you have to negotiate the “duty” to pay based upon what you would have paid for a cup manufactured in their country. On that score, I have to agree with Trump. He has offered a free trade deal to the EU dropping all tariffs if they do the same. France rejected. There should be no tariffs and NO duties. Just for once let there be free trade. It has NEVER existed. Before the income tax, the US-funded itself with excise taxes. Excise taxes are taxes paid when purchases are made on a specific good, for example, gasoline. Excise taxes are often included in the price of the product. There are also excise taxes on activities, such as on wagering or on highway usage by trucks. One of the major components of the excise program is motor fuel today. Now we have consumption taxes in this manner AND income taxes. Government is now funded by just shaking us upside down and inventing countless taxes so they do not have to report the total cost of taxes.
— Read on www.armstrongeconomics.com/world-news/taxes/trump-the-trade-war/
There are no truly free markets anymore
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— Read on www.blacklistednews.com/
Strange bed fellows
John Barleycorn 
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