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34
Nobody will trust a US treaty again,’ and Japan’s yen is now the new safe haven currency
Wonderful that the US domestic economy is strong, but it is you who has interpreted incorrectly and is so arrogant as to attack anyone stating the obvious. 70% +of the US economy is based upon the service sector and is not particulary resilient. Inflated healthcare costs represent 17% of the GDP. 11% is government. Only 17.6% comes from industry. Financial services like banking and insurance do not create wealth for the nation, yet you carry on as if it is creating national wealth. China's industrial sector accounts for 36.5% of its GDP. That's why it is a powerhouse and it can markets to other regions like Latin America and replace US industries. - Exports represent 11% of the US GDP. If the export market is reduced by 10% it will have a significant impact. - The US domestic economy relies on cheap imports that it transforms into more valuable finished products. If the USA loses access to those cheap imports its domestic ecomy will be negatively impacted. Trump loves to attack Canadian lumber imports, but the reality is that the USA does not have the capacity to replace the Canadian lumber. It doesn't have the sawmills or the non impact forest areas to cut. When the USA cuts down trees today, it negatively impacts watersheds and puts communities at risk for flooding and other manmade catastrophes. US consumers won't pay the higher costs of US lumber. Trump complains about Canadian aluminum, but the USA can't replace it and Canada can easily sell to world markets. Trump says he doesn't need cheap Canadian oil that is bought cheap , refined and then sold back at inflated prices to Canada, all done by US oil companies . Good. Canada should keep the oil and let the US midwest go without because the pipelines are from Canada into the midwest, not from the rest of the USA into the midwest. The US farmers depend on cheap fertilizer from Canada. Let them buy the contaminated potash at 2X the price from Russia and pass on the costs to consumers. Tourism is 3% of the US GDP. Watch it shrink and see how many of the 9 million employed in the sector lose their jobs. In order to have need for a service based economy there must be an inflow of wealth and that will not happen if the world stops transacting with the USA. Consider what happens if the world moves away from the domonance of the US banking system and its US control and instead moves to EU or Japanese banks. No more US influence. The USA is forcing that change, -
91
British Couple's Thailand Dream Becomes Legal Nightmare
I would so much like to know more about that UK guy, the tall one doing all the punching and kicking. NOT a quality tourist, by many means. I would be very surprised if they have much of an education, for example. We all know the dregs of our home countries when we see them in action. Unfortunately, the engineer was unlucky enough to build a house next-door to the likes of what we see in the video. There are plenty of bums roaming the world, and plenty of Rascals in Paradise, especially in SE Asia, maybe. -
34
Elon Musk’s X Withholds User Data from UK Authorities Amid Riots
You left it for Thailand -
9
US Toy Factories Boom as Tariffs Shift Manufacturing Home
I appreciate your sense of humor. With regards to Trump's yet to come wins, the future is uncertain. With 10,000 Optimus being employed by the end of this year in Tesla factories around the world and up for sales starting in 2026 (according to Elon Musk who probably forgot to inform Trump about what the future has in store), nothing is more uncertain today than the future of blue-collar workers, while white-collar jobs are already endangered by AI. It takes years to relocate the production of high-value products which rely on complex supply chains and expensive assets (I am not talking about toys here). That means companies shall invest now to start reaping the first profits from their investments under a new administration. American consumers are required to start paying higher prices now, with the prospect of perhaps being able to access better jobs, Optimus and AI permitting, under a new administration. And the Trump administration will be plagued by inflation, tumbling stock prices and recession for its entire duration, to the uncertain benefit of the next one. In the meanwhile, Musk's Optimus will progress and there is a chance it will render manual labor a thing of the past, while AI will put an end to white-collar jobs. The future is uncertain, but of one thing I am absolutely certain: if Trump continues like this, the future of MAGA and of the GOP looks extremely bleak. - -
72
Selling my Permanent Visa from EliteCard
And now 8 mio is dollar! -
11
Thai Parliament Speaker Wants Thaksin's Name Dropped from Debate
And for all the corrupt people that keep him out of jail. 😇
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