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What does this mean for someone who hasn't watched Wolf of Wallstreet?
CAN-USA Tariff Strife (split from various pol threads)
- Thread starter Remius
- Start date
Mills Bomb
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That's right. Even though it's Trump saying he will use "economic force" to annex Canada, we're gonna twist this around say Trudeau is "scare mongering" (Sarcasm of course).
Those who pay close attention to the news will remember pre- 24 Feb 2022 that many Ukrainians believed the invasion was "scare mongering" and wasn't going to happen. That didn't age well, but that's the sort of thing that happens when you bury your head in the sand.
Most pro-Trump supporters like to say "He's just talking, he's not serious" and try to downplay the crazy stuff he says.
And yet, when he says things they want to hear, that is 100% truth in their eyes.
We won't know the truth about Trump's intent for Canada for a while. And there's a lot of unpredictable things that could happen in the meantime. But when a superpower threatens to invade their neighbour, ignoring it is the real definition of putting your head in the sand. Especially when said neighbour cuts off support for a small country being invaded by a superpower.
I don't think it's just Trudeau "scare mongering" by simply discussing the fact Trump keeps saying he wants Canada to be part of the United States.
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Lol - well, first off all that stuff Jordan Belfort did (not the illegal stuff but the hookers, strippers, Dwarf tossing) I was too young to be lucky enough to experience.....
But in terms of dollars and cents - the US market 'paper' losses (meaning unrealized, not 'tangible') amount to over 4$ TRILLION USD in the stock market.
So, if some individual is highly margined (meaning he's using his existing stock market holdings in say 'Nvidia' (the large dominant player in the AI space) as collateral so that he can buy even more shares in that company or any other company that allows their shares to be margined, to try and make even more money - well then, that guys right now is having (most likely) his 'margin called' because his positions in Nvidia have fallen so much in value that he needs to bring large piles of cash into this account to 'right the sinking ship', so to speak.
The amount of 4$ Trillion in market loses over the last week or so is very substantial and won't be 'allowed' to continue because more and more and more and more margin calls will be happening - and that results in either those people having to sell at a loss other holdings to cover their margin losses or they have to pull cash very quickly out of something else and deposit that into their accounts - all of these things can very very easily result in a market crash of not -498 points being down but quite easily -1,498 points or -3,498 points and BAM - you have a market collapse and an instant recession.
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Mills Bomb
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Trump is trying to save US industry because this policy is such a massive disaster, but the elevated level of uncertainty is not going to change. Just the uncertainty and the threat of tariffs alone can spark a recession, which is already likely coming.
I would personally like to see Canada hold firm until this issue is dropped and concluded, otherwise 30 days from now we'll be wondering again and still suffering from uncertainty.
I guess we'll see shortly if our politicians decide to keep playing or hold firm. Hard to really know what is the best answer for Canadians overall.
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Trump bluster. Being the tough guy/ bully on the block.
So you think this is something that is possible? You think he can just crash our economy and just take us over? No international laws in the way? No world opinion. Even if it were possible, Trump would be dead of old age before it happened. We could easily have diversified our trade by then, negating the threat. No matter what he thinks he can do, he can't do it without agreement from us. With us as a new voting block, the Republicans can probably forget about ever getting in power again.
California has 39 million people, Canada 40 million. California has 2 Senators and 52 House Representatives. The most of any state. Do you honestly think they will give us that much power? Beside taking an act of Congress to increase the House count?
Even if we agreed, it would still take years to complete. Trump says we'd pay no taxes? I'm sure all the other states would go for that 100% while they keep paying them.
It's a false threat. If you don't fall for the hyperbolic rhetoric, there's nothing in it. If you don't agree with that assessment, tell me how he could make it happen in his term. Tell me how he could surpass all the negotiations, laws and conditions in order to annex us.
I'll wait and see what happens when the rhetoric calms down and we get into the nuts and bolts of trade talks. Baseless threats don't figure into it for me.
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I think that they have to go along with Trump on the deferral until April 2 and if the Orange Menace again implements the Tariffs - we go hard on them - not 30$ billion out the gate but the full 185$ billion and whatever else we need to do.
With that being said - I'm hoping that somehow this gets worked out by then. By April 2, Trudeau will be gone, a new Red leader will be in place and quite possibly we'll be in the middle of an election (I mentioned on the LPC Leadership thread that I got a text from PP yesterday saying that the 'rumour' is that the election will be called on 16 March), and things might be put on hold by Trump because Trudeau is no longer around.
I do have to say, reading into my crystal ball, Trump has for 100% certain crushed Freeland's chance of being the Red leader. The Red's realise that Trump hates her and as a result they would be committing political suicide by electing her as leader. Again, just me reading my crystal ball.
With that being said - I'm hoping that somehow this gets worked out by then. By April 2, Trudeau will be gone, a new Red leader will be in place and quite possibly we'll be in the middle of an election (I mentioned on the LPC Leadership thread that I got a text from PP yesterday saying that the 'rumour' is that the election will be called on 16 March), and things might be put on hold by Trump because Trudeau is no longer around.
I do have to say, reading into my crystal ball, Trump has for 100% certain crushed Freeland's chance of being the Red leader. The Red's realise that Trump hates her and as a result they would be committing political suicide by electing her as leader. Again, just me reading my crystal ball.
Brad Sallows
Army.ca Legend
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If you bought stocks before they dropped and you sell now, you lose money.
If you have cash in hand, it might be a good time to buy stocks for which the share price has dipped.
QV
Army.ca Veteran
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Anyone want to bet Trump forced Trudeau to 2% or more defence spending?
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I expect the uncertainty to continue at least until we get a new prime minister and likely until we have another election and speech from the throne.
Only a new budget will address the defence issue and while it is nigh on impossible to know what Trump is serious about defence seems to be one constant.
With a new defence commitment and PM Trump might slow down on the game playing.
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I agree that it is unlikely, but that's the mindset we are dealing with. If the strategic goal is to wreck our economy, but he only damages it, is that a win for us?
World history is full of people who took the position that other people or other countries should no longer exist. In some cases, the world waited too long to realize they were serious.
GK .Dundas
Army.ca Veteran
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I doubt Donnie cares what we spend on Defence except to use it as a cudgel..
Strangely enough it's one of the few things where he really does have something real.
The only reason he doesn't hammer us using that more often is I think for what ever reason he's uncomfortable using real hard provable facts. As opposed to what ever just pops into his head at 5 am. when he's on social media.
Strangely enough it's one of the few things where he really does have something real.
The only reason he doesn't hammer us using that more often is I think for what ever reason he's uncomfortable using real hard provable facts. As opposed to what ever just pops into his head at 5 am. when he's on social media.
Looks like CUSMA things.
Ford doesn’t seem to care and is going ahead with his plans.
Ontario will keep U.S. booze off LCBO shelves and go ahead with energy tax despite one-month pause on tariffs on some goods
Ontario Premier Doug Ford tells CNN that the province will place a 25 per cent tariff on the electricity that it provides to 1.5 million homes and businesses in New York, Michigan and Minnesota as of Monday.
www.ctvnews.ca
McG
Army.ca Legend
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Is anyone making that legal challenge?
QV
Army.ca Veteran
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Canada is America’s northern flank. Much more important than other random countries, from a defence standpoint.
The fact that Trump hates Freeland is definitely a point in her favour.
