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> America doesn’t need your permission to fight for fairer trade deals. We know you do not need permission, and even when you pretend to get it (Irak war), you

> America doesn’t need your permission to fight for fairer trade deals. We know you do not need permission, and even when you pretend to get it (Irak war), you do it by blatantly lying. You will not sell to the world that your fight is fair though. > A 10% increase in tax revenues by focusing on the uber-wealthy will not fix our structural problems. Your structural problems are not our problem - that is, as long as you are being confrontational. The world can be convinced to be more sensitive to the US's issues if the US shows sensitivity for the world's issues. You want a fairer trade? Great! Let's do that. Let's eliminate at the same time the dollar as a huge distorting factor.

sheepmullet 8y ago
> You will not sell to the world that your fight is fair though. I think you misunderstand the power imbalance. The world needs to convince the US that it is fighting unfairly. We spent over a trillion dollars on the Iraq war. We could handle a 1-2 trillion dollar trade war - who else can reliably say the same?
- gonvaled 8y ago
  I would not be so sure about that. The reason why you are able to spend those huge amounts is because you are able to print the money while the world keeps on accepting it. The same imbalance that strengthens your hand on trade (the huge trade deficit that the US has), is a big weakness regarding the dollar: the fact that the world has accumulated and keeps accumulating dollars could prove a big problem for the US once we decide your policies must be retaliated with actual measures. For example, it does not make any sense for the EU to be unable to abide by a perfectly working international commitment (the agreement with Iran about non-proliferation, which has been positively audited internationally), just because we are unable to manage the flow of capitals when the US decides to block them. It would be in the interest of the EU to actively fight the prominence of the dollar.
  - sheepmullet 8y ago
    > It would be in the interest of the EU to actively fight the prominence of the dollar. Maybe if Trump starts talking about across the board 50% tariffs it might make sense. I think the EU has far bigger structural problems to worry about.

sheepmullet 8y ago

> You will not sell to the world that your fight is fair though. I think you misunderstand the power imbalance. The world needs to convince the US that it is fighting unfairly. We spent over a trillion dollars on the Iraq war. We could handle a 1-2 trillion dollar trade war - who else can reliably say the same?

gonvaled 8y ago
I would not be so sure about that. The reason why you are able to spend those huge amounts is because you are able to print the money while the world keeps on accepting it. The same imbalance that strengthens your hand on trade (the huge trade deficit that the US has), is a big weakness regarding the dollar: the fact that the world has accumulated and keeps accumulating dollars could prove a big problem for the US once we decide your policies must be retaliated with actual measures. For example, it does not make any sense for the EU to be unable to abide by a perfectly working international commitment (the agreement with Iran about non-proliferation, which has been positively audited internationally), just because we are unable to manage the flow of capitals when the US decides to block them. It would be in the interest of the EU to actively fight the prominence of the dollar.
- sheepmullet 8y ago
  > It would be in the interest of the EU to actively fight the prominence of the dollar. Maybe if Trump starts talking about across the board 50% tariffs it might make sense. I think the EU has far bigger structural problems to worry about.