Happy “Liberation Day” aka Economic Disaster Day

[BeaverFever]

Elections have consequences  Farmers in Trump country paying the price when the guy they voted for did what he said he would do    Let us recall that in Trump’s first term his trade war hurt farming so badly Trump had to give them a big bailout  And yet they voted for him again anyway and are hoping for more bailouts  

 

 

 

Edited April 14 by BeaverFever

[CdnFox]

19 minutes ago, BeaverFever said:

Elections have consequences 

 

Says the guy voting for Carney. After 10 years of supporting Trudeau.

Sorry, your credibility on that front is zero.

Trump has done some real damage with what he's done and that's true. But you are severely over playing it and he has plenty of time to learn from his mistake correct things. Marla Harris never would have and in fact it was pretty obvious she would not have been the person in charge and we would never have known who the real president was.

So as much as this is a stumble for trump he's still better than Kamala.

And no, most analysts agree that his first trade war back when he was president before had very minimal impacts on the economy, and it did actually address the problem which was Canadian manufacturers buying Chinese Steel which America did not want to let into their country and then mix it in with their own to bypass the American Trade restriction.

There are valid criticisms to be made, you throw your entire case out the window when you make nonsense grandiose overstatements that are simply not true. There's plenty enough here to be critical of without inventing things

[Nationalist]

14 hours ago, BeaverFever said:

Lol it’s not playing politics to criticize the epic negligence and incompetence of the Trump administration. Lest I belabour the point the US economy and therefore the world economy has now been placed under one man rule and that man knows nothing about economics, enacting policies that directly contradict all widely accepted economic theories  and is just making it up as ye goes day by day. 

You know there’s a difference between replacing established orthodoxy with a new upstart theory and what Trump is doing which is no coherent theory at all. 

And the pee-ons certainly deserve their piece of the pie but they’re trying to get it from someone who doesn’t know how to bake and doesn’t really care about them other than using them to take over the bakery Also as has been mentioned repeatedly, it was Republicans who took away the pee-on’s pie to begin with 

Well this is certainly bullshit.

All widely accepted economic theories have failed Beave. The USA can no longer carry all those nations on its back.

Besides Beave...we all know the saying "New Normal". It was tried...it failed miserably...its out.

You go "cake" and "pie" mixed up. I said they want cake. Meh...I'm not surprised that you got it a55-backwards. It appears you do that a lot.

Edited April 14 by Nationalist

[BeaverFever]

11 hours ago, CdnFox said:

Says the guy voting for Carney. After 10 years of supporting Trudeau.

Sorry, your credibility on that front is zero.

Uh no the Trump administration’s mismanagement of this issue outclasses Trudeau and the worst administrations of any western democracy by a country mile. As I already said this economic disaster isn’t simply a case of bad policy, poor planning, or poor policy implementation, all of which could be said about things Trudeau and other governments have done. 
 

Trump is unique in that his followers have anointed him to sit on a throne and make shit up as he goes day by day despite the fact that he clearly has no knowledge or understanding of what he’s doing and his actions contradict all understanding of economics and geopolitics. Even his own cabinet members don’t support what is happening have no idea what he’s doing or why and what will happen next, it’s government by whim of the emperor and it changes daily 

Trudeau tried novel policies some of which didn’t work out as expected or were poorly executed  but it wasn’t due to Trudeau alone making shit up every morning and changing his mind  then changing it back again day after day because he’s in a bad mood. 
 

And the fact that you try to downplay this completely self-inflicted economic and geopolitical disaster that has cost the economy trillions of dollars and the US its position as trusted global leader as some easily reversed minor misstep or hiccup is laughable. By all measures the economy was “firing on all cylinders” in 2024 under Biden and Trump has erased all of that. You have no basis to say it would have been worse under Kamala other than your own deep bias. 
 

11 hours ago, CdnFox said:

And no, most analysts agree that his first trade war back when he was president before had very minimal impacts on the economy

It hurt US agriculture badly and Trump provided bailouts 

 

11 hours ago, CdnFox said:

it did actually address the problem which was Canadian manufacturers buying Chinese Steel which America did not want to let into their country and then mix it in with their own to bypass the American Trade restriction.

That was another of Trump’s unsubstantiated claims which resulted in Canada imposing counter-tariffs. Ultimately while it created a few thousand new US steel jobs, up to 75,000 US manufacturing jobs were lost as steel prices soared and certain specialized types of steel not made in the US but still tariffed by Trump became expensive and scarce. 
 

 

 

 

11 hours ago, CdnFox said:

There are valid criticisms to be made, you throw your entire case out the window when you make nonsense grandiose overstatements that are simply not true.

Like what exactly?  Be specific 

Edited April 14 by BeaverFever

[BeaverFever]

4 minutes ago, Nationalist said:

All widely accepted economic theories have hailed Beave. The USA can no longer carry all those nations on its back.

WTF are you talking about?  

1)US doesn’t carry them on its back.

2) USA became the wealthiest and most powerful country in world history precisely because of the global economic order it created and lead, which Trump is now trying to dismantle. 
 

7 minutes ago, Nationalist said:

Besides Beave...we all know the saying "New Normal". It was tried...it failed miserably...its out.

Huh?

7 minutes ago, Nationalist said:

You go "cake" and "pie" mixed up. I said they want cake. Meh...I'm not surprised that you got it a55-backwards. It appears you do that a lot.

No, “let them eat cake” is a conservative mentality towards the pee-ons. Liberals believe they should get their fair slice of the pie. 

[Aristides]

54 minutes ago, Nationalist said:

Well this is certainly bullshit.

All widely accepted economic theories have hailed Beave. The USA can no longer carry all those nations on its back.

Besides Beave...we all know the saying "New Normal". It was tried...it failed miserably...its out.

You go "cake" and "pie" mixed up. I said they want cake. Meh...I'm not surprised that you got it a55-backwards. It appears you do that a lot.

Because the USD was seen as the world reserve currency and the refuge in a storm, the US has been able to finance massive deficits and enjoy cheap stuff with an over valued dollar without facing the consequences. As countries and investors de dollarize and shun US treasury bonds because they see the US as unreliable, reality will start to hit home.

Just about every country has seen its currency rise against the USD since March including the CAD as they are being seen as more reliable. Devaluation of the USD will do more to reduce US imports than tariffs.

Edited April 14 by Aristides

[robosmith]

On 4/11/2025 at 12:41 PM, Nationalist said:

https://www.industryselect.com/blog/new-us-factories-announced-in-march-2025

And that's only the beginning. 

I know you'll argue the point but...at this point it's obvious that you're simply playing politics at the expense of your own people. 

And THAT...Beave...is why there is so much support for this...ham-handed effort. 

The pee-ons you Libbies hate so much, want some cake too.

A blog citing "new US factories announced" is a LONG WAY from getting them built.

Whatever happened to the $10B Foxconn development during Trump 45. LMAO

Foxconn mostly abandons $10 billion Wisconsin project ...

CNBC

https://www.cnbc.com › 2021/04/21 › foxconn-mostly-...

 

Apr 21, 2021 — Under a deal with the state of Wisconsin announced on Tuesday, Foxconn will reduce its planned investment to $672 million from $10 billion and ...

 

 

[CdnFox]

2 hours ago, BeaverFever said:

Uh no the Trump administration’s mismanagement of this issue outclasses Trudeau and the worst administrations of any western democracy by a country mile.

No it does not. That would still be your hatred and bigotry talking. And at this point in time Trudeau has done considerably more damage to Canada than trump has done to America.

Not to mention the fact that it is beyond childish to offer an argument that is basically I can support anybody who's bad as long as there's somebody who's slightly worse. It's the kind of argument you'd expect from a 12 year old. Even if it were true that trump was worse it doesn't change the fact that you already threw those principles in the garbage by supporting Trudeau

Quote

As I already said this economic disaster isn’t simply a case of bad policy, poor planning, or poor policy implementation, all of which could be said about things Trudeau and other governments have done. 

Trudeau did exactly what trump is doing now to his people I did so willingly and knowingly with the intent of siphoning money into private organizations who are now paying him to do nothing but sit on their board of directors and raking cash.

Trudeau is far worse than trump. He deliberately tanked his country and doubled the debt and then walked away with full knowledge of what he was doing and with the intent of lining his own pockets. You have zero credibility in this issue

Quote

 

Trump is unique in that his followers have anointed him to sit on a throne and make shit up as he goes day by day despite the fact that he clearly has no knowledge or understanding of what he’s doing and his actions contradict all understanding of economics and geopolitics. Even his own cabinet members don’t support what is happening have no idea what he’s doing or why and what will happen next, it’s government by whim of the emperor and it changes daily 

Trudeau tried novel policies some of which didn’t work out as expected or were poorly executed  but it wasn’t due to Trudeau alone making shit up every morning and changing his mind  then changing it back again day after day because he’s in a bad mood. 
 

And the fact that you try to downplay this completely self-inflicted economic and geopolitical disaster that has cost the economy trillions of dollars and the US its position as trusted global leader as some easily reversed minor misstep or hiccup is laughable. By all measures the economy was “firing on all cylinders” in 2024 under Biden and Trump has erased all of that. You have no basis to say it would have been worse under Kamala other than your own deep bias. 
 

It hurt US agriculture badly and Trump provided bailouts 

 

Sorry kiddo but that is all Justin Trudeau as well. Trudeau was anointed much like carney just was. His followers make up bullshit just like you do every single day to try and dismiss his horrible Behavior. Everything Justin did experts told him would not work and they were right just like trump.

But the big difference is trump is starting to listen to the people around him and correct. I'm not down playing anything, I said he did real damage. But it's also true that if he course corrects it will have no lasting impact. 2 years from now it will be a blip in the memory of most people. The damage Justin has done will be generational. Even if things go well from now on 10 years from now people will still be living a lower standard of life in Canada than they should have because of Justin Trudeau and the liberals who you desperately want to get back into power.

Quote

That was another of Trump’s unsubstantiated claims which resulted in Canada imposing counter-tariffs. Ultimately while it created a few thousand new US steel jobs, up to 75,000 US manufacturing jobs were lost as steel prices soared and certain specialized types of steel not made in the US but still tariffed by Trump became expensive and scarce. 

Economists are fairly clear that it made no real impact to the American economy

I get that you have to lie to justify your emotions. It must take a lot of work. But I'm afraid that won't help you when you're talking to someone who actually is intelligent

 

Back to the issue at hand. You have absolutely zero rounds to criticize anybody who supports trump after your supporting the liberals for 10 years and continued support now. The liberals are the true maple magas. Beholden to a cult-like culture, absolutely resistant to every fact or truth that gets in the way of their talking points I'm willing to support an organization that has caused more destruction and pain to Canada than any before it. And it's fairly obvious that Kearney intends to be a bi of a  dictator when he gets in, He clearly has no intention of listening to Canadians. He's just going to do what he thinks is best for him and Canada can go screw itself. So how was your worship of him any different than an Americans worship of trump?
 

 

 

 

Like what exactly?  Be specific 

[Hodad]

12 hours ago, BeaverFever said:

Uh no the Trump administration’s mismanagement of this issue outclasses Trudeau and the worst administrations of any western democracy by a country mile. As I already said this economic disaster isn’t simply a case of bad policy, poor planning, or poor policy implementation, all of which could be said about things Trudeau and other governments have done. 
 

Trump is unique in that his followers have anointed him to sit on a throne and make shit up as he goes day by day despite the fact that he clearly has no knowledge or understanding of what he’s doing and his actions contradict all understanding of economics and geopolitics. Even his own cabinet members don’t support what is happening have no idea what he’s doing or why and what will happen next, it’s government by whim of the emperor and it changes daily 

Trudeau tried novel policies some of which didn’t work out as expected or were poorly executed  but it wasn’t due to Trudeau alone making shit up every morning and changing his mind  then changing it back again day after day because he’s in a bad mood. 
 

And the fact that you try to downplay this completely self-inflicted economic and geopolitical disaster that has cost the economy trillions of dollars and the US its position as trusted global leader as some easily reversed minor misstep or hiccup is laughable. By all measures the economy was “firing on all cylinders” in 2024 under Biden and Trump has erased all of that. You have no basis to say it would have been worse under Kamala other than your own deep bias. 
 

It hurt US agriculture badly and Trump provided bailouts 

 

That was another of Trump’s unsubstantiated claims which resulted in Canada imposing counter-tariffs. Ultimately while it created a few thousand new US steel jobs, up to 75,000 US manufacturing jobs were lost as steel prices soared and certain specialized types of steel not made in the US but still tariffed by Trump became expensive and scarce. 
 

 

 

 

Like what exactly?  Be specific 

True. This isn't something plausible that kinda didn't go as well as people hoped. It's epic, historic mismanagement. It's total malpractice.

It's the economic equivalent of putting disinfectant in your body to fight COVID. 

[User]

13 hours ago, Hodad said:

It's the economic equivalent of putting disinfectant in your body to fight COVID. 

It is amazing how you folks on the left will hang on to these lies. No shame. No integrity. No care at all. 

[Nationalist]

2 hours ago, BeaverFever said:

WTF are you talking about?  

1)US doesn’t carry them on its back.

2) USA became the wealthiest and most powerful country in world history precisely because of the global economic order it created and lead, which Trump is now trying to dismantle. 
 

Huh?

No, “let them eat cake” is a conservative mentality towards the pee-ons. Liberals believe they should get their fair slice of the pie. 

Man you sure do shovel the sh1t consistently. Look at the turmoil when the US threatens tariffs.

US financial dominance began before the 20th century. They were actively sunning European markets.

Quote

This European competition troubled U.S. presidents who viewed the Americas as their backyard and rightful sphere of influence. In 1823, President James Monroe warned Europe’s empires not to meddle in the region. Any further colonization would be viewed as a hostile act against the United States.

However, the so-called Monroe Doctrine—although bold—was largely dismissed by Europeans. The United States could not act on its threats. In 1820, the United States accounted for under 2 percent of global gross domestic product (GDP). (Today, the country makes up nearly a quarter of the world’s economy.)

Slowly but surely, this power dynamic shifted throughout the nineteenth century. National independence movements expelled Europe’s empires from their colonies in the region. Meanwhile, technological innovations, such as steamboats, passenger trains, and factory machines, transformed the United States from an agrarian country to an industrial one. Moreover, these changes helped spark newfound prosperity that enabled U.S. expansion across North America.

With this burgeoning power, the United States began to look beyond its shores. In 1853, American Commodore Matthew Perry sailed a contingent of the U.S. Navy to Japan. Perry’s voyage resulted in the opening of diplomatic and trading relations after threatening to attack the island nation, which had been largely closed off to the Western world for the previous two hundred years. Between 1856 and 1863, the United States acquired its first overseas territories—a collection of fifty-nine small, uninhabited islands in the Caribbean Sea and Pacific Ocean. Business interests in those islands’ guano—also known, unceremoniously, as seabird poop—drove this offshore expansion: the resource functioned as a valuable natural fertilizer for farmers to use on their nutrient-depleted soils.

https://education.cfr.org/learn/reading/how-did-united-states-become-global-power

The article goes on to reveal...

Quote

Two main factors motivated Wilson’s decision. First and foremost, Germany had sunk U.S. ships in the Atlantic, which threatened both American lives and business interests. Second, the British intercepted a secret message known as the Zimmerman Telegram. This message revealed that  Germany offered to support Mexico taking over U.S. territory if Germany and Mexico formed a wartime alliance.

Despite these facts, the prospect of going to war in Europe provoked heated controversy. Opponents of intervention argued the United States should not commit its resources to a remote foreign conflict. Meanwhile, proponents of intervention believed that Germany’s aggression necessitated a response. Other pro-war advocates, like President Woodrow Wilson, insisted the United States enter the war to make the world “safe for democracy.” Yet another pro-intervention camp noted that the United States stood to suffer financially if the Allies (namely, the British and French) lost. U.S. banks had lent vast sums of money to the two countries and would suffer massively if the Allies did not prevail.

Hmmm...Safe for Democracy...now where have I heard that before...

But wait...there's more.

Quote

As the smoke cleared, the United States stood victorious and with unprecedented global power. In addition to towering as the world’s military heavyweight, the United States boasted the most valuable currency—the dollar—to which all other major currencies had become fixed. In addition, the country’s economy had taken off during the war, nearly doubling in size between 1939 and 1945. In stark contrast, Western Europe’s economy contracted by 18 percent and Japan’s was cut in half.

This economic and military strength uniquely positioned the United States to promote postwar peace and prosperity. And this time, instead of retreating to the Western Hemisphere as it did following World War I, the United States resolved to prop Europe back up and rebuild Japan.

So you see...Oh numb one...the USA most certainly did and continues to this very day...carry much of the world on its back. It has cost them dearly and Trump is trying to end that. He's returning to what made America great. Independence from Europe, intense industrialization, and catering to the American population...instead of paying for everyone else...like...Ukraine.

Man...If you knew half as much as you think you do...you'd still be stoopid.

[BeaverFever]

On 4/14/2025 at 1:05 PM, CdnFox said:

No it does not. That would still be your hatred and bigotry talking. And at this point in time Trudeau has done considerably more damage to Canada than trump has done to America.

1) Trump has only been President for 86 days! 

2) Trump had damaged rhe entire global economy 

3) Trump’s damage is entirely self-inflicted  and self-created whereas Trudeau’s policies, including the bad ones, were affected by covid and global supply chain challenges that were not of his making

4) Even if Trudeau’s economic policies were incorrect, they were broadly in line with other OECD countries and so were the challenges Canada experienced, e.g housing shortage 

5)As Ive said many times already what makes Trump’s mismanagement so absolutely isnt that he’s trying a policy that’s having negative results. Look, Policy failure is part of being in government sometimes. Every president and prime minister experiences this on some level. If elected, PP will have them too, as much as you’d like to pretend he’s a god he is kot. 
 

What makes Trump’s economic disaster the ultimate level of misconduct is the fact that this is something of such national and global importance and his disastrous actions are being done with NO policy at all and NOBODY with any expertise is in charge. Trump is a man who knows nothing about macroeconomics or trade t is being allowed to just rule by whim and make it up as he goes. He’s doing things completely contrary to all known principles of economics, with  global economy just getting worse and worse every time he says or does anything.  
 

Surely even you must realize that policy especially something this important is the result of ideas that have been studied and refined dor years by a wide variety of experts and stakeholders and are only implemented when they have achieved the highest levels of scrutiny and broad acceptance from some segment of society  Trump’s uninformed and half-baked tariffs ideas haven’t been put on paper much less studied or refined and what he has uttered about them is absolute gibberish to anyone either even a basic understanding of economics. Even many in his own administration don’t support them. It is absolutely unfathomable that the “leader of the free world” is acting in a  manner that would get even a McDonalds manager fired 

[CdnFox]

15 minutes ago, BeaverFever said:

1) Trump has only been President for 86 days! 

No, trump has been president for 4 years and 86 days. He is 86 days into his second term. But maybe you should have thought about that before you made your claim about how he's worse than trudeau. 

Quote

2) Trump had damaged rhe entire global economy 

So did Truduea  by not offering our oil and natural gas to countries that desperately needed it and we're reliant on Russia. In fact in doing so he's changed the entire economic and security structure.

But at the end of the day neither of them are responsible for other countries economy so nice try

Quote

3) Trump’s damage is entirely self-inflicted  and self-created whereas Trudeau’s policies, including the bad ones, were affected by covid and global supply chain challenges that were not of his making

Swinging to miss again kiddo. In fact the housing crisis started long before covid when he began to change immigration policies. Our crime statistics changed almost immediately as he made changes to the law that made it easier for criminals to be out on bail and a bunch of other things. He borrowed over a hundred billion dollars, that's about 20% of everything we had owed, within his first 5 years before covid ever even hit

After that he continued to grossly overspend, only a teeny tiny fraction of the deficit or debt was ever associated with covid it was mostly other spending, he spiked inflation and that was shown in a bank report from Scotiabank where they noted that initially 50% of the inflation was due to issues faced at home not abroad and shortly after that it started to climb to close to 100%

, he vast vast vast majority of our problems are 100% self-inflicted by the liberals

 

Quote

4) Even if Trudeau’s economic policies were incorrect, they were broadly in line with other OECD countries and so were the challenges Canada experienced, e.g housing shortage 

He caused the housing crisis. That was his policies. That has been 100% explored by a number of financial experts at this point, he brought in more immigration than we had homes for. It was 100% his fault

Quote

5)As Ive said many times already what makes Trump’s mismanagement so absolutely isnt that he’s trying a policy that’s having negative results.

Repeating something stupid doesn't make it less stupid. Your argument is literally I like Trudeau better than I like trump. The damage Trudeau did is considerably higher and longer lasting than trump. And as to the rest of your commentary conservatives have been saying those exact same things about Trudeau for 9 years now.

 

 

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Surely even you must realize that policy especially something this important is the result of ideas that have been studied and refined dor years by a wide variety of experts and stakeholders and are only implemented when they have achieved the highest levels of scrutiny and broad acceptance from some segment of society

If you're talking about Justin No. Everybody knew they were going to be a disaster. As I have posted articles on here even his own people were warning them it was going to be a disaster and please please stop but he continued

 

Like I said. Most of your comment is orange mad bad and me no likey him. Every single thing you said about trump could be said about Trudeau and if you feel the scale is different that's because Canada's scale is different but Trudeau still screwed us over per capita about the same way or worse

This is where we see your hypocrisy. I have said trump's financial plan is bad. I've said that a number of times here and explain why. His overall goals may be good for the us but the implementation is horrible and will cost him. I also say Trudeau was bad. Is economic policies have devastated us

You try and pretend that Trudeau is good, did really great except maybe not perfect but still really great! While at the same time trying to condemn trump who is absolutely no different has some evil entity

Trudeau has done more harm to Canada than trump has done to America. And yet you refuse to condemn him. And you want me to take you seriously about trump. I haven't been naive enough to buy that line of crap since I graduated from preschool and that was quite a few decades ago so y ou're a little late  

 

 

[BeaverFever]

On 4/15/2025 at 2:47 PM, Nationalist said:

Man you sure do shovel the sh1t consistently. Look at the turmoil when the US threatens tariffs.

US financial dominance began before the 20th century. They were actively sunning European markets.

The article goes on to reveal...

Hmmm...Safe for Democracy...now where have I heard that before...

But wait...there's more.

So you see...Oh numb one...the USA most certainly did and continues to this very day...carry much of the world on its back. It has cost them dearly and Trump is trying to end that. He's returning to what made America great. Independence from Europe, intense industrialization, and catering to the American population...instead of paying for everyone else...like...Ukraine.

Man...If you knew half as much as you think you do...you'd still be stoopid.

LMAO sounds like you’re the one trafficking in guano now!

1) The US was not a superpower prior to WW2 that is fact and nothing in the copypasta you barfed up about Americas early forays out into the great big world contradicts that

2) Anyone who knows anything about WW1 knows that US played a relatively minor role and they only showed up in the closing months of the war, which is why WW1 hardly gets any recognition in US pop culture even on their memorial day and veterans day. 

3) Just because they became world’s greatest superpower (after ww2 as I mentioned) doesn’t mean the US “carried the world on its back”.
 

The USA did create a new world order after WW2 and expanded it after the end of the cold war that much is true. But nobody benefited more from the US-led world order than the USA.  The hollowed out factory towns and struggling working class in the US are due to America’s own right-wing policy choices and extreme social darwinism, such as lack of basic social safety nets, union-busting, etc….something the rest of us have been warning them about for decades as America practiced a more extreme form of capitalism than any other western country and impoverishment of the working class is the known result of such practice. 

[Nationalist]

9 hours ago, BeaverFever said:

LMAO sounds like you’re the one trafficking in guano now!

1) The US was not a superpower prior to WW2 that is fact and nothing in the copypasta you barfed up about Americas early forays out into the great big world contradicts that

2) Anyone who knows anything about WW1 knows that US played a relatively minor role and they only showed up in the closing months of the war, which is why WW1 hardly gets any recognition in US pop culture even on their memorial day and veterans day. 

3) Just because they became world’s greatest superpower (after ww2 as I mentioned) doesn’t mean the US “carried the world on its back”.
 

The USA did create a new world order after WW2 and expanded it after the end of the cold war that much is true. But nobody benefited more from the US-led world order than the USA.  The hollowed out factory towns and struggling working class in the US are due to America’s own right-wing policy choices and extreme social darwinism, such as lack of basic social safety nets, union-busting, etc….something the rest of us have been warning them about for decades as America practiced a more extreme form of capitalism than any other western country and impoverishment of the working class is the known result of such practice. 

You said...

On 4/14/2025 at 10:08 AM, BeaverFever said:

USA became the wealthiest and most powerful country in world history precisely because of the global economic order it created and lead, which Trump is now trying to dismantle. 

I showed you that globalist ideology had nothing to do with the USA becoming wealthy. In fact, since Clinton, the USA has been actively destroying its own middle-class. Perhaps even before that.

You make a lot of stupid statements based on your limited knowledge and lack of research.

As for what Trump is doing...it's about time the USA had a leader who cared more about the people, than Wall Street.

[SpankyMcFarland]

In the words of that radical left LGBTQ-friendly woke Marxist lunatic, Ronald Reagan:

 

Quote

You see, at first, when someone says, ``Let's impose tariffs on foreign imports,'' it looks like they're doing the patriotic thing by protecting American products and jobs. And sometimes for a short while it works -- but only for a short time. What eventually occurs is: First, homegrown industries start relying on government protection in the form of high tariffs. They stop competing and stop making the innovative management and technological changes they need to succeed in world markets. And then, while all this is going on, something even worse occurs. High tariffs inevitably lead to retaliation by foreign countries and the triggering of fierce trade wars. The result is more and more tariffs, higher and higher trade barriers, and less and less competition. So, soon, because of the prices made artificially high by tariffs that subsidize inefficiency and poor management, people stop buying. Then the worst happens: Markets shrink and collapse; businesses and industries shut down; and millions of people lose their jobs.

https://www.reaganlibrary.gov/archives/speech/radio-address-nation-free-and-fair-trade-4

[Aristides]

The carnage continues.

https://www.bnnbloomberg.ca/investing/2025/04/21/stocks-sink-with-the-us-dollars-value-as-investors-retreat-further-from-the-united-states/

With the world losing confidence in the US as a safe haven, interest rates will have to be kept high in order to attract investors to finance US debt. The US will shortly have to roll over 10 trillion in dept at 4.5% that was borrowed at 2%. This will add 200 billion to debt servicing costs alone, which will have to be financed with further borrowing because Republicans don't believe in paying taxes to support living within their means.

[CdnFox]

14 minutes ago, Aristides said:

The carnage continues.

https://www.bnnbloomberg.ca/investing/2025/04/21/stocks-sink-with-the-us-dollars-value-as-investors-retreat-further-from-the-united-states/

With the world losing confidence in the US as a safe haven, interest rates will have to be kept high in order to attract investors to finance US debt. The US will shortly have to roll over 10 trillion in dept at 4.5% that was borrowed at 2%. This will add 200 billion to debt servicing costs alone, which will have to be financed with further borrowing because Republicans don't believe in paying taxes to support living within their means.

It's not actually happens canada is going to wind up having to raise its rates again as well. I hope to hell we're not borrowing as much money as carney wants to when that happens

[Aristides]

12 minutes ago, CdnFox said:

It's not actually happens canada is going to wind up having to raise its rates again as well. I hope to hell we're not borrowing as much money as carney wants to when that happens

The CAD is up again today even thought the BoC rate is 2.75% compared to the Fed's 4.5%. It isn't so much about Canada going up but Trump tanking confidence in the USD. The Yen, Euro, Pound, CAD, AUSD, etc are all up compared to the USD for that reason. 

[CdnFox]

36 minutes ago, Aristides said:

The CAD is up again today even thought the BoC rate is 2.75% compared to the Fed's 4.5%.

That won't last long though. Investors are not going to put their money in Canadian dollars for the long run if the US will pay twice as much. You're talking about a very short-term fluctuation

Quote

It isn't so much about Canada going up but Trump tanking confidence in the USD. The Yen, Euro, Pound, CAD, AUSD, etc are all up compared to the USD for that reason. 

But the fundamentals are still solid and investors are going to realize that over time. Long term you are not going to get people investing heavily in Canadian dollars if the Americans are paying twice the rate. That's just absolute Bare Bones Common Sense. That is a billion times true if we get a Kearney government that is obviously anti oil because oil is the only thing that really keeps us afloat as far as a currency goes.

Other than in the moment, if the Americans have to jack their rates we are going to wind up having to come close to them at the very least which will work to put the brakes on our economy and considering the borrowing we're looking at doing it will probably severely hurt future economies as well

[Aristides]

23 minutes ago, CdnFox said:

That won't last long though. Investors are not going to put their money in Canadian dollars for the long run if the US will pay twice as much. You're talking about a very short-term fluctuation

But the fundamentals are still solid and investors are going to realize that over time. Long term you are not going to get people investing heavily in Canadian dollars if the Americans are paying twice the rate. That's just absolute Bare Bones Common Sense. That is a billion times true if we get a Kearney government that is obviously anti oil because oil is the only thing that really keeps us afloat as far as a currency goes.

Other than in the moment, if the Americans have to jack their rates we are going to wind up having to come close to them at the very least which will work to put the brakes on our economy and considering the borrowing we're looking at doing it will probably severely hurt future economies as well

It’s all about trust and the US is no longer trusted.

[CdnFox]

1 minute ago, Aristides said:

It’s all about trust and the US is no longer trusted.

Sure, but that distrust is based largely on not knowing what trump is going to do next. The fundamentals are still there, America isn't going broke even if it suffers an economic downturn.

And considering our currency is so dependent on America's any lack of faith in America's currency is going to reflect on ours before long. It's not like we can separate our economy from the united states.

So if faith goes down for the American economy it is going to happen for us as well. That's just how the world works. And if the Americans are having to sell bonds at 4%, we're not going to get away with being much lower than that. And as I said that will be triply true if carney gets in and there is a sense that the oil production won't be going up

[Aristides]

If people lose trust in US securities, they will go broke. That would also mean a world wide recession if not an outright depression.

[CdnFox]

29 minutes ago, Aristides said:

If people lose trust in US securities, they will go broke. That would also mean a world wide recession if not an outright depression.

Well, i mean if they COMPLETELY lost faith it would be an epic disaster the likes of which we've never seen for sure. 

But like i say the fundimentals are still there.  They may get badly beaten up and i think a recession is pretty much unavoidable at this point or at least severe stagflation but i don't think there's much chance of an actual collapse. 

[BeaverFever]

On 4/16/2025 at 9:44 PM, CdnFox said:

No, trump has been president for 4 years and 86 days. He is 86 days into his second term. But maybe you should have thought about that before you made your claim about how he's worse than trudeau. 

WTF are you talking about?  You’re not even making sense anymore. 
 

On 4/16/2025 at 9:44 PM, CdnFox said:

So did Truduea  by not offering our oil and natural gas to countries that desperately needed it and we're reliant on Russia. In fact in doing so he's changed the entire economic and security structure.

But at the end of the day neither of them are responsible for other countries economy so nice try

LMAO nice try. Trudeau didn’t “damage the world economy” no matter how tortured your logic is.   That really was a sad and pathetic attempt there even for you. 
 

On 4/16/2025 at 9:44 PM, CdnFox said:

Swinging to miss again kiddo. In fact the housing crisis started long before covid when he began to change immigration policies. Our crime statistics changed almost immediately as he made changes to the law that made it easier for criminals to be out on bail and a bunch of other things. He borrowed over a hundred billion dollars, that's about 20% of everything we had owed, within his first 5 years before covid ever even hit

And yet there was no market crash, no mass unemployment and no inflation prior to covid 

 

On 4/16/2025 at 9:44 PM, CdnFox said:

After that he continued to grossly overspend, only a teeny tiny fraction of the deficit or debt was ever associated with covid it was mostly other spending, he spiked inflation and that was shown in a bank report from Scotiabank where they noted that initially 50% of the inflation was due to issues faced at home not abroad and shortly after that it started to climb to close to 100%

, he vast vast vast majority of our problems are 100% self-inflicted by the liberals

And yet the inflation magically fixed itself under Trudeau…until Trump came along. Look every single country in the world had the exact same economic problems during and after Covid and most of them responded to those with policies similar to Trudeaus which proves it was not entirely self-inflicted amd he wasn’t a madman going rogue against established wisdom and economic theory. 
 

 

On 4/16/2025 at 9:44 PM, CdnFox said:

He caused the housing crisis. That was his policies. That has been 100% explored by a number of financial experts at this point, he brought in more immigration than we had homes for. It was 100% his fault

You TDS must be severe to put that on the same level as what Trump has done to economies, diplomatic relations and political stability AROUND THE WORLD.   Trump has tanked market and sparked inflation around the world. He has several damaged NATO and foreign relations for years to come. He has changed the  political fortunes of political parties throughout the west. While I’m happy that he has accidentally destroyed right wing parties throughout Canada and Europe I note that it was ALL BY ACCIDENT