
Aristides
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Everything posted by Aristides
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So what were the most serious crimes they were let in for? You don’t know. I told you why? If you had a highly skilled person who committed an indiscretion in their youth and nothing since, why wouldn’t you let then in. The article says it has to be a minimum of 5 years since completing a sentence for them to even apply. You see a number and use it to make up whatever you want.
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Meme/Cartoon of the Day
Aristides replied to WestCanMan's topic in Federal Politics in the United States
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Ya, that's always what they tell you to justify tax cuts for the most wealthy. Some people never learn. You are supporting your consumption on borrowed money. https://www.investopedia.com/gdp-growth-by-president-8604042
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Well if it does, your debt will become a huge problem for you. Far larger than it is now.
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The world will find one and it won't ask for your permission.
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Your interest rates have to be higher to attract investors because they see more risk. Like many, I have a fair amount of my portfolio in USD investments but I have told my adviser that I'm not interested in increasing my exposure. Certainly not when Trump is threatening things like 50% withholding on foreign investors. The man is just too unpredictable to have any confidence in putting money into the US. Debt servicing is your #2 expense after social security, eventually 100% of your tax revenue will go into servicing debt. No investor will want your paper when that happens. They are shying away from it already.
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So why is your dollar declining even though your interest rates are higher? The USD is increasingly being seen as unstable. World markets will decide the trustworthiness of the USD, not MAGATS. There doesn't have to be a single currency to replace the USD as a safe haven, it can be several as long as they are seen as more stable.
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Only as long as the rest of the world has confidence in your dollar, which has taken a beating against other world currencies since Trump took office. It is even down 10 cents on the Canadian dollar in spite of your five year bond paying 1.5% more than a Canadian 5 year. Why would I buy anything in USD when you currency's value is dropping? I would have to factor in the devaluation to any return I might be making. If Trump hits foreign investors with a big withholding on capital gains and dividends, no foreign money will be coming to the US.
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US debt to GDP is 120% and the Great Big Beautiful Bill will drive it up to over 130%. Debt servicing is now your governments second biggest expenditure. You are only solvent as long as someone is willing to buy your debt. Who would want to join that house of cards.
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Meme/Cartoon of the Day
Aristides replied to WestCanMan's topic in Federal Politics in the United States
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Meme/Cartoon of the Day
Aristides replied to WestCanMan's topic in Federal Politics in the United States
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Cheese: Why no choice? So expensive!
Aristides replied to August1991's topic in Canada / United States Relations
https://www.cbsnews.com/news/illegal-immigrants-us-jobs-economy-farm-workers-taxes/ It's depressing how many Canadians are so quick to shit on their own country without bothering to ask why American producers can operate with lower prices. -
Cheese: Why no choice? So expensive!
Aristides replied to August1991's topic in Canada / United States Relations
How? -
Cheese: Why no choice? So expensive!
Aristides replied to August1991's topic in Canada / United States Relations
The import quotas were negotiated by Trump in the last FTA. Tariffs are charged on US product above those quotas. There no tariffs on Canadian product above the quotas because they are outright banned from entering the US. US exports to Canada have never reached those quotas and Canada imports almost twice as much dairy from the US than it exports to the US. Our quota system ensures user pay, Canadian farmers receive no subsidies from government.