Let’s see how powerful wallstreet and bond holders rly areThere may not be a deal
Trade War with China
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Hmm then Americans better start stockpiling wheelbarrows. They’ll need them to carry money for grocery shopping if their government tries to do that.
plawolf
Lieutenant General
Quantative easing.
The US does that all the time. How else do you think they manage to finance the American Dream lifestyle?
In the US, the financial sector works as a giant hoover sucking in all the excess capital created from money printing. So long as the money is locked up in stocks and shares, the impact on inflation is manageable since stock and share price hikes are not counted as inflation, but growth.
. That is another reason why so much of American wealth is controlled by the top 0.1% - if the ‘benefit’ of all that money printing is fairly distributed, you would have Venezuelan style hyper-inflation.
That is one of the chief magic tricks of modern western democratic economies - you create phantom ‘wealth’ through financial sector shenanigans, but control inflation by concentrating the overwhelming majority of that wealth with a small group of people who are in on the game, and who could not possibly spend all that wealth in their lifetimes.
When these people die, the state takes a nice haircut on their wealth through inherentance taxes and the cycle begins anew.
That is why communism have alway held a special kind of dread to western elites, and why China’s rise is seen as an existential threat.
They can keep the wheel turning by brainwashing the masses with the same pathetic party lines like how their system is as good as it gets, and how you can have it all if only you work hard!
But for the overwhelming majority, that’s just not the case and never will be. If you want genuine rags to riches through hard work ‘American dream’ fairytales, your odds of success are massively better in China.
If you are born into poverty in the US, you stay there, while China has raised hundreds of millions out of poverty and has the most number of self made millionaires.
Eventually, yes. But the U.S. dollar is not worthless yet.
Jura The idiot
General
Jura The idiot
General
now noticed the tweet
New round of China-U.S. talks will be held in Beijing on Friday, China's Ministry of Commerce announced on Thursday
New round of China-U.S. talks will be held in Beijing on Friday, China's Ministry of Commerce announced on Thursday
Hendrik_2000
Lieutenant General
It is ironic US complaint China subsidized their SOE to the detrimental of US company competitiveness or distorted the "free market"
Now this ruling make a mocker of the above allegation
WTO confirms US failed to fully comply over Boeing subsidies
The World Trade Organization ruled in March 2012 that billions of dollars of subsidies to Boeing were illegal and notified the United States to bring them to an end (AFP Photo/Jason Redmond)
Geneva (AFP) - The World Trade Organization confirmed Thursday that Washington failed to fully comply with a 2012 order to halt subsidies to Boeing, marking a partial victory for rival aircraft maker Airbus and the EU.
The ruling from the WTO appeals body was the latest blow in the decade-long clash between the titans of the civil aircraft industry, which has seen both Airbus and Boeing score points along the way.
The WTO ruled in March 2012 that billions of dollars of subsidies to Boeing were illegal and notified the United States to bring them to an end.
But just a few months later, the European Union filed a new complaint with the global trade body, alleging that Washington was not complying with that order.
In a ruling published in June 2017, the WTO said the US had brought 28 of 29 programmes into compliance, but agreed with Brussels that Washington had not taken "appropriate steps to remove the adverse effects or ... withdraw the subsidy" in the case of Washington State.
Both the EU and the US appealed that finding to the WTO Appellate Body, which on Thursday basically toed the same line as the 2017 panel, although it appeared to take a harsher line against the American-side.
It found there were other subsidy programmes, including in South Carolina, which did not conform with the 2012 ruling, but in several of them it said it had been unable to complete the legal analysis to determine if the subsidies had an adverse effect on competitors' sales.
Both the EU and the US claimed victory after the ruling landed.
In its own statement, Airbus described the ruling as a "major win" and warned that if without a settlement, the US "will face billions in countermeasures."
Boeing meanwhile maintained that the WTO appeals body had "rejected every allegation of unlawful subsidies to Boeing with the single exception of one measure," referring to Washington State.
"Boeing will support the United States and Washington State as they take steps necessary to fully comply with today’s ruling," the company said.
"We trust that our example will prompt Airbus and the European Union to immediately bring themselves into full compliance with the substantial rulings against these parties by the WTO," it added.
The EU has also been reprimanded by the WTO during the tit-for-tat conflict between Airbus and Boeing, and the US aircraft maker suggested last year that billions in sanctions might also be applied against the bloc.
The WTO, which aims to create a level playing field in global trade, does not have the ability to force compliance with its rulings, but can approve retaliatory measures which in theory can pressure trade manipulators to fall into line.
Now this ruling make a mocker of the above allegation
WTO confirms US failed to fully comply over Boeing subsidies
The World Trade Organization ruled in March 2012 that billions of dollars of subsidies to Boeing were illegal and notified the United States to bring them to an end (AFP Photo/Jason Redmond)
Geneva (AFP) - The World Trade Organization confirmed Thursday that Washington failed to fully comply with a 2012 order to halt subsidies to Boeing, marking a partial victory for rival aircraft maker Airbus and the EU.
The ruling from the WTO appeals body was the latest blow in the decade-long clash between the titans of the civil aircraft industry, which has seen both Airbus and Boeing score points along the way.
The WTO ruled in March 2012 that billions of dollars of subsidies to Boeing were illegal and notified the United States to bring them to an end.
But just a few months later, the European Union filed a new complaint with the global trade body, alleging that Washington was not complying with that order.
In a ruling published in June 2017, the WTO said the US had brought 28 of 29 programmes into compliance, but agreed with Brussels that Washington had not taken "appropriate steps to remove the adverse effects or ... withdraw the subsidy" in the case of Washington State.
Both the EU and the US appealed that finding to the WTO Appellate Body, which on Thursday basically toed the same line as the 2017 panel, although it appeared to take a harsher line against the American-side.
It found there were other subsidy programmes, including in South Carolina, which did not conform with the 2012 ruling, but in several of them it said it had been unable to complete the legal analysis to determine if the subsidies had an adverse effect on competitors' sales.
Both the EU and the US claimed victory after the ruling landed.
In its own statement, Airbus described the ruling as a "major win" and warned that if without a settlement, the US "will face billions in countermeasures."
Boeing meanwhile maintained that the WTO appeals body had "rejected every allegation of unlawful subsidies to Boeing with the single exception of one measure," referring to Washington State.
"Boeing will support the United States and Washington State as they take steps necessary to fully comply with today’s ruling," the company said.
"We trust that our example will prompt Airbus and the European Union to immediately bring themselves into full compliance with the substantial rulings against these parties by the WTO," it added.
The EU has also been reprimanded by the WTO during the tit-for-tat conflict between Airbus and Boeing, and the US aircraft maker suggested last year that billions in sanctions might also be applied against the bloc.
The WTO, which aims to create a level playing field in global trade, does not have the ability to force compliance with its rulings, but can approve retaliatory measures which in theory can pressure trade manipulators to fall into line.
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