- US economy collapses because of spending all its money, and money it didn’t have, on AI,
- Canada gives up trade talks and imposes 50% tariffs on the USA, matching America’s trump tarrifs on Canadian goods.
If Canada sells the US bonds it holds, that US debt becomes very expensive.
uhm… i think canada will be late to the party in that case… us bonds are currently being sold by basically everybody… so their interest rate for new issued ones currently skyrockets… this will wreck the government in 20, 30 and 40 years (or whatever the duration of the bonds are/will be)
Are you American and can only consider the goal to be to make profit? Consider the possibility of the goal being to cause economic pain for the US.
You admit the US bonds are currently in a precarious position. All the more reason why putting $450B worth of them onto the market would be effective in causing economic pain for the US. Sure Canada would lose money, but we’re going to lose a lot of money from this trade war anyway. I’m sure this would be considered like a nuclear option, only to be used if the US starts getting too crazy.
Besides, Canada will be making some money with the sale of bonds. That money can be used to offset the negative impacts of the tariffs. So US consumers pay higher prices while US government will pay higher interest on their debt so Canadians will get financial aid. Canada will transition away from US trade, while the US will decline.
not american, and sympathetic to canada, it was just meant as an observation due to how the global economy had been doing the last 1-2 years
Besides, Canada will be making some money with the sale of bonds. That money can be used to offset the negative impacts of the tariffs.
fully agree here
Love this but i’ll bet Facebook/insta/Amazon/apple/etc are as popular as ever in Canada.
The reality is most people just dont care where a service originates from, as long as its good. You wouldn’t think it based on the internet, but most people arent on the internet to make points about things.
That’s part (the lesser part, but still important) of why I hate when news orgs use an angry dude on twitter as their example of someone who is up in arms about something.
The Internet is not representative of the population. The people posting are self selected. It’s the same reason if you go looking for coffee advice you’ll find a thousand posts with advice about roasting your own beans while most people are drinking Starbucks, Dunkin, Folgers, and Maxwell House.
The great majority of people do not give a shit what the Internet is doing. A lot of people look but only a teeny tiny slice are posting about it.
Roasting your own coffee is hard though. I have done that and I still buy beans
Roasting your own coffee is trivially easy if you have the right tools. I bought an air roaster in a crowd funding campaign a few years back and it’s just incredibly more convenient, cheaper, and at least as good as buying from a roastery.
Of course, most people aren’t going to want to spend a grand on something to save a few dollars a week, or to tweak a roast to fit their palate slightly better. I know I wouldn’t have.
I mean yeah sure if you buy an automatic system you can do it and everything gets easy. But now it’s not cheap anymore You have to source the beans which isn’t easy or cheap either, at least in europe. If I would buy this and source the easiest to find coffee I would still pay 14€ per kg most likely a bit more with electricity. I buy pretty expensive coffee at 30/kg and even if I save 15 per kg I would still need 7 years to break even on it. That’s not really cheap. If I would buy normal coffee at 16/kg I would never break even
as long as it’s good.
But they aren’t good.
They mean good as in “functions well” not good as in “is not evil.”
But both apply.
When are people going to learn that exports aren’t even good. The export market just gets a lot of play in politics because of concentrated interests. Exporters lobby. Politicans present arguments to justify what they are doing for exporters. That becomes political rhetoric. Generations later people actually believe it.
Countries with high exports don’t have a great quality of life. Exports don’t improve the quality of life people living there. It increases work and lowers real wages as often as not. It just makes exporter’s rich. Did British people actually benefit from the opium wars? Do Chinese workers have physical prosperity matching their level of productivity?
Exporters have convinced countries that money is more valuable than goods. Countries print money.
This is why the tariffs don’t actually hurt Canada but are just a self-own for the US. It hurts Canadian exporters. But who cares. Now Canadians get to enjoy those products. If a few jobs are lost momentarily, they are replaced by jobs serving the domestic market.
Almost everything you said is logically invalid
Now you convinced me, because mindless dismissal is much cooler than point-by-point argumentation.
“ Countries with high exports don’t have a great quality of life”
TIL Germany, the Netherlands, Denmark, and Norway have a low standard of living.
In a way, as a Canadian, I’m glad for Trump for two reasons. One, we hated him so much that the conservative candidate in our federal election lost what should have been the easiest conservative win of my lifetime because he threw in support behind trump. And two, we are finally diversifying our economy away from that volatile ass country.
Trump: this is Obama’s fault. Republicans: I knew it
