paxamericana

You deserve a noble peace price in economic theory. That's a fascinating and extraordinary application of economic theory.

25 percent of the GDP is trade but 80 percent of the industry is service based. Sorry should of clarify.

I'm sure you'd like that sort of stuff but i suggest finding those material else where on the internet. This is a serious forum for super serious discussion...

Jesus calm down man. You sound like you're about to have an aneurysm. Look I understand trade economics. But what I am telling you is that we no longer require international trading or rely heavily on it. We are a service (80 percent), consumer based industry. We trade among-st our selves internally, not externally . 80 percent! of our economy is just internal trading. we only need raw material and capital goods from the rest of the world. Even those raw material and capital goods are starting to be produce domestically.

I do not claim to be an expert in any of the fields discussed below but having said that, I did spend considerable time at a university learning about such topics earning at least one or more semester worth of accreditation in each. Before we begin I'd like to go over basic definition as to not confuse and conflate very difficult topics. First Law of Thermodynamic: Energy cannot be created or destroyed, only transform from one state to another. Entropy: "essentially describes how to measure the entropy of an isolated system in thermodynamic equilibrium with its parts. " The end state of energy (heat etc...) Economic Consumption: Transfer of one service or good for another. Financial lending system (credit): Credit cards, taking a mortgage, loans, car financing etc... Let's begin, The reason why the US has such a large GDP is because of a very advance and mature financial system based around consumption. 300 million people do not necessarily have more productivity then say 2 billion people. The lending system in the form of credit cards, loans, etc... essentially allows consumers to spend beyond their purchasing power by lending into their "future" productivity. This is the same system that allow all of us to buy cars, houses, things that are normally very difficult to acquire with upfront capital. When we take out a loan for said purchases we are in essence borrowing our future value or productivity. This in theory allows the consumer to spend well beyond their normal capacity. Take this concept but multiply it by infinity. Lets say I can borrow infinity into the future and allow everyone else including the financial lenders to do so as well. The whole point of acquiring capital is to consume it. You take a loan out to buy things, the lender take that repayment money and use it to either loan out more or to spend it on their payroll, in essence the financial system or banks are also consumer. This system of trading goods and services is the definition of a economy. With infinite lending into the future you are able to consume infinitely, buy as many cars as you want, buy as many houses as you want, etc... This is not currently possible due to restriction of your input, how can you lend that much without repayments, well say we make that repayment as small as possible, 500 dollar, or 400, or 1 dollar all the way down to zero. But if we consume infinitely then who would be the one making all these item or provide these services to us? In the future we will have equipment, robots, and machine that can reduce the human labor input to zero if not very small. This is not a novel or new idea as we have seen during the agricultural revolution, farm equipment allowed the US to out produce agricultural good well beyond its consumption capacity and reducing the human labor input. Take this thought along into the future with automation and artificial intelligence. You can perhaps have a world where there is no longer humans required to produce goods and services. We all then by principle become the consumer. But what about raw material and environmental degradation of this level of consumption. This is where the First Law of Thermodynamic and Entropy comes into play. The end state of the universe simply states that all energy will be converted into a un-usable form. Remember energy is equal to matter times the speed of light squared (E=MC^2). This is the fundamental relationship when calculating energy from its various forms. When we produce say coal to provide us with electrical energy, we are simply converting coal, a piece of matter, into another form of use-able energy, electricity. This conversion process is not 100 percent efficient and we loose some to entropy (heat, carbon emission, etc...). Entropy is a form of energy that is un-usable or at least with the current technology that we have. So with infinite consumption of a finite amount of resource inside our planet we would have to reach out further and further away from earth to mine for resources and materials consuming those resources along the way. Essentially we are a catalyst that converts energy into its final state of entropy thus destroying the known universe along with ourselves. This is the end game Michael.

Actually you should be asking the rest of the world that question, if we loose 25 percent of our GDP what would happen to the rest of the world. Remember the US does not export that much, we are not an export based economy, we only export something like 2 trillion out of 20 trillion dollars worth of good and services. We consume more than we output. So if anything with out us, the world's biggest customer, how would the rest of the world fare? We can already produce most of the stuff our selves, we just don't do it here for financial or regulatory reasons.

No what I am saying is that the US economy is quite robust and is increasing independent of international trade.

Wut? No I am talking about the American economy. We are 20 trillion dollar. Canada is probably like 2 dollar. ;D

Our GDP is large because we are a consumer based economy, the rest of the world hasn't caught up yet. More like the world's economy is 25 percent of our economy. Pretty sure no one is interested in it collapsing. Trump recently put up tariff on some products and already everyone is panicking. Everybody's economy is going down because they are so dependent on international trade while in america it's only scratching the surface.

Not necessary, I have a theory but its based on the first law of thermodynamic and basic economic consumption. I'll have to write a whole research paper on it but essentially it revolves around our financial system, the transfer of energy from one state to another with the end game being infinite consumption of the universe. I swear I'm not on meds. I just posted this theory on your forum. Anyways, the globalist are having a meltdown because we're winning and spreading, the best they can do is label us as fascist, look, they're calling us out on CNN, their propaganda apparatus. "The rise of populism didn't start with Brexit or Trump. To Trump's ideological mentor, Steve Bannon (and he's not alone), it began with the financial crisis of 2008, the failure of what he calls crony capitalism. In the long slog of recovery, traditional "good-paying jobs" have vanished in the US rust-belt towns that voted heavily for Trump." "One of the themes of the pro-Brexit campaign was that migrants from eastern Europe were depressing wages and stretching social services. The same dynamic is playing out in Italy, where two populist parties won elections in March." "On multiple fronts, the international liberal order is being challenged because it has lost the confidence of people who feel left behind and "swamped" by immigration, as former British Prime Minister Margaret Thatcher put it 40 years ago. Trump, Orban, Salvini, Marine Le Pen of the Mouvement National in France, have become their champions." https://www.cnn.com/2018/07/21/europe/world-returns-to-1930s-intl/index.html Also the globalist liberal elites are a real thing actually. They are usually the 1 percent in this country. This clip by Dave chapel pretty much confirm it.

Feel free to do what ever you want. Its up to you if you want to get upset by differing views. Doesn't bother me. The opposition media has been trying to oppose trump's presidency from day one because they are part of the globalist elite apparatus.

Here's a full coverage of the 4.8 million jobs we're opening up...

Previous administration yeah but I think its beyond that, I think it was a globalist agenda from both republican and democrat that did that.

That's not true, he's not placing tariff on clothing and other goods for everyone. Not his own. Find me a article that claims he excluded tariff on Trump branded items only? Fake news. He's doing just fine and the globalist are having a meltdown. I love reading their fake news about trump everyday on Washington Post NYT CNN MSNBC CBS etc..https://www.nytimes.com/2018/06/10/business/trump-trade-tariffs.html

Oh? Well hate to break it to you but we're only getting started. You're looking at the rise of the new world order. Economic Nationalism is spreading.

I don't think so. Don't underestimate american ingenuity. We'll innovate those problems out of existence like we always done.

You're buying into the smoke and mirror distraction the opposition media has been telling you. Trump is anti-globalist and a economic nationalist.

There's no doubt now, China is the biggest threat to American hegemony while Russia is an annoyance. China has been biding their time while the US was distracted with the war on terror in the past decade. Time to get back in the game. "It sets up a competition with us and what we stand behind far more significantly by any extreme than what the Russians could put forward," Collins said. https://www.cnn.com/2018/07/20/politics/china-cold-war-us-superpower-influence/index.html

Wait and see

LOLS is that .8 for your milk farmer?

I know we have the lowest trade barrier in the world.

Because Canada along with Europe and china all think that we shouldn't care about the trade barriers.... so here we are...

We've been pissing off the world and they seem desperate to reach a trade deal with us that we've been plenty fair on. Free, fair reciprocal trade. Sounds like the rest of the world has issues and not america. Our economy is doing stellar, how is everyone else? 25 percent of our economy is the world's economy, let that sink in...

265 billion dollars in what, trade? or trade of just services. Look at the economy as a whole, we're heavily service based 80 percent of our economy, and you're saying 265 billion is a large number? That's roughly 1.65 percent of our GDP in services. That's really large yeah...

Because despite his faults, he's trying to do something for the deplorables and its showing real results. We have a shortage of labor, our economy is exceeding growth expectation.