call me a conspiracy theorist however much you want. I still believe that he and his friends such as elon musk will purposefully crash the american economy to be able to purchase stocks at a lower price
this post was submitted on 26 Nov 2024
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No way the guy who made so much money with crypto would do this to the country /s
Itβs not just stocks they can buy up houses and land for super cheap and cause an even worse housing crisis
Honestly there's easier ways to use politics for money, if that's actually their conscious goal.
The rich already crash everything else to buy up the world on then cheap.
Trump's policies break parts of society, he's breaking apart society and selling off the pieces.
Grift is always the goal
Including auto parts made in Canada and shipped to the US to be installed on made-in-America cars.
Yeah, the next test is how he responds to all the Americans begging him for a carve-out at the very least. He could tell them to pound sand, or completely reverse course. Both seem about as likely.
I bet there will be carveouts.
For his biggest donors
The stock markets seem to think so, anyway.
On the one hand, big investors have ears in Washington I don't. On the other, they're the exact kind of educated, well-to-do people who suddenly have no imagination when it comes to history happening again.
Welp. Time to join the EU.
Absolutely, however it's done, Canada needs to reduce its trade dependency on the USA.
~~Canada~~ absolutely everyone. The US has went senile.
The biggest impediment to increasing trade with countries that aren't 50km away is the cost and logistics of shipping.
Given their proximity, the US is always going to be looked at as the easiest place to trade with.
Of course, having a chaotic baboon running the place does change that calculation somewhat, but the fact that they're just "across the stereet" still tilts that balance.
Seriously, we should be getting in with them really hard right now. It's the only hope if we want to stay relevant as a sovereign nation in any way.
The news also prompted a flurry of late-evening phone calls: between Prime Minister Justin Trudeau and Trump, and between Trudeau and several provincial premiers, in an effort to defuse the danger to Canada's economy.
"It was a good discussion and they will stay in touch," a Canadian official said of the Trudeau-Trump call. The prime minister also spoke with the premiers of Ontario and Quebec.
I wish the other problems facing citizens of Canada were treated with this same kind of urgency from the federal government.
I wish the other problems facing citizens of Canada... Federal government
Day to day problems are rarely handled by the federal government.
You'd need to ask your provincial and municipal governments why they aren't moving with urgency to help Canadians.
While you're at it, ask Doug Ford why he hates the people of Ontario.
I'm not sure I understand your point. I'm talking about things like housing and affordability, which affect people across the country. These things could be handled more proactively on the federal level, and with coordination between GoC and the provinces. A $250 cheque and a gst holiday in advance of an election is bread and circuses. There are real issues that the nation is far behind on. The current government has done a bad job with these. They've lacked the ability or will to even identify housing and affordability as matters for intervention.
Sorry, I just can't agree with anyone who thinks the current federal government has done all they could do to address these issues. The whole notion of "that's not the job of the federal government", it's mealymouthed, and I don't think it's an acceptable position.
Iβm talking about things like housing and affordability, which affect people across the country.
Housing is not the responsibility of the federal government. Any support they offer would need to be handled by Provincial leadership and municipalities.
As for βaffordabilityβ... that's a very broad term. Are you referring to anything in particular?
The issue with blaming the feds, is that the feds can only do as much as the other governments (provincial and municipal) are willing to do.
In Ontario, for example, we have a crisis in education, healthcare, public safety, poverty, and crime.
These are issues that affect nearly all Ontarians on a daily basis, yet our government wants to waste money, and people want to blame Trudeau.
Our Provincial Government should be primarily focused on those concerns, but they'd rather misspend tens of millions to remove safe cycling infrastructure from the City of Toronto.
And you should also keep in mind that we have a minority Federal Government, so other parties, including those known to NOT CARE about people, are creating consistent roadblocks to progress in areas where the Feds have influence.
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Bang on. They're all culpable and doing nothing to address the underlying problem because they all know the solution bites the hand that feeds them (those with money).
As a good example we all witnessed over the last year + constant initiatives by all governments to free up capital to ease the building of housing. Outside of the government what private company is going to not want to maximize their profit when building housing? Rental units and low income housing will never be prioritized. Hell starter homes will never be prioritized there's no money in them.
Every opportunity for any level of government that is flush with land to say "we will build housing" like they did decades ago. Of course that would require real leadership and we all know that's not what is on the menu in politics anymore.
This one's pretty damn existential. Man, you thought inflation was bad before...
On the other hand, I'd love to see a short trade war, because it hits Trump-loving provinces the hardest. Let leopards eat their faces.
I think it's cruel to wish ill fate on a fellow Canadian. Please consider that no province in this country, from east to west, is a monoculture, politically speaking. I say this as an Albertan.
Oh this isn't ill will. It's good for them. Some lessons are hard. Hopefully Trump will give them some self-realization that they are not American but Trump's enemies.
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Which provinces do you think would not get hurt by this, or even not as much? BC is the only one that might get away okay that I can think of, and I'm not even sure about that.
Trust me, I know EVERYONE will get hurt by a trade war because each province trade with the US more than with each other. But one in particular will be brought to its knees.
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How is this legal under NAFTA?
Last time he was in power, he unilaterally tore up the original NAFTA agreement. He's far more unhinged and unrestrained this time.
Under CUSMA it's not. Not even remotely. Ask if he cares.
What are you gonna do, call the Earth police?
In theory, USMCA is a law (his own law...) that has been passed by the US Congress. So in theory, he shouldn't be able to just tear it up at a whim.
In practice, with US institutions captured by the trumpist republicans, lol yea.
EDIT: also "the 2020 deal allows for national security exceptions", so that's why he's blathering about the crap he's blathering about. EDIT2: Here, article 32.2.
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It probably is under USMCA:
"[T]he 2020 deal allows for national security exceptions", which is why he's blathering about the crap he's blathering about.
In the current NAFTA 2.0 agreement, signed in 2018, there is a 6-year renegotiation provision. That's what Trump is using to change a whole host of things in the deal.
NAFTA hasn't existed for years.
CUSMA is basically NAFTA 2.0, though, so that's not the most helpful reply.
I don't think fascists are big on fair play.
On the one hand this is threatening and scary. On the other hand, this is Trump's way of declaring opening position on a new trade agreement. He's scrapping the old one he made.
Why would we waste time with a new agreement in the next 4 years when it won't be worth the paper it's printed on?
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Don't buy american stuff.
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