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Thread: The U.S. Is Definitely NOT a "Piggy Bank" That Everyone Wants To Rob

  1. #1

    The U.S. Is Definitely NOT a "Piggy Bank" That Everyone Wants To Rob

    06/12/2019


    By Liberty Report Staff

    Peter Schiff had a few choice words on a recent podcast about President Trump's trade war:
    What a lot of people overlook is that China doesn't have this massive trade surplus with the entire world. They have a massive trade surplus with America. They have a deficit with most other countries. So they have to take the money they earn selling to us and they use it to buy the stuff they need from other people.

    Now, of course, that begs the question: If China is not "playing fair," if China is "cheating," why does Japan have a surplus with China? Why does Germany have a surplus with China? Why don't they cheat Germany? You mean they only cheat us? They play fair with everybody but us?

    No! The reason that we have a big deficit with China is because we don't make the stuff that the Chinese want. But the Germans do. The Japanese do. Plenty of other countries have surpluses with China...

    Trump, one of the things he said again today, and he's said this before, is that the United States is the "piggy bank" that everybody wants to rob.

    We're the piggy bank that everybody wants to rob?

    We're the world's biggest debtor!

    Our piggy bank is just full of IOU's ... What are they going to steal?

    Not only are we the world's biggest debtor, but we owe more money than all the other debtor nations in the world combined!

    Peter on the idea that the trade war will magically cause corporations to bring their businesses back to the U.S.:
    Yeah, how are they going to do that?

    They're not going to leave China.

    If you've got all that infrastructure already there, you've invested all that money in plant and equipment, you can't just pull it out and move it to some other country. It's so much easier...to find a different buyer.

    It's a big world out there. A lot of people want stuff. A lot of people need stuff.

    It's a lot easier to find a different buyer for your goods then to transfer the entire production chain...rip it out of China and rebuild it someplace else.

    Just so you can keep selling to Americans who can't afford to pay, because we're buying on credit?

    This is ridiculous. None of this is going to happen.

    This is all a fantasy in the mind of President Trump.


    A century ago, Americans were duped into the idea of a big and overarching government.

    The 'land of the free' would become the land of the bureaucrats.

    No one wants to produce in America because government is overbearing with regulations, bureaucracies, dictates and edicts.

    President Trump should be tearing down all of these roadblocks, but he is not.

    Instead, Trump has embarked on a trade war that can do nothing but lower the standard of living for the average American even further.


    http://www.ronpaullibertyreport.com/...e-wants-to-rob
    “The right to life is the source of all rights—and the right to property is their only implementation. Without property rights, no other rights are possible. Since man has to sustain his life by his own effort, the man who has no right to the product of his effort has no means to sustain his life. The man who produces while others dispose of his product, is a slave.”



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  3. #2
    Quote Originally Posted by PAF View Post
    06/12/2019


    By Liberty Report Staff

    Peter Schiff had a few choice words on a recent podcast about President Trump's trade war:
    What a lot of people overlook is that China doesn't have this massive trade surplus with the entire world. They have a massive trade surplus with America. They have a deficit with most other countries. So they have to take the money they earn selling to us and they use it to buy the stuff they need from other people.

    Now, of course, that begs the question: If China is not "playing fair," if China is "cheating," why does Japan have a surplus with China? Why does Germany have a surplus with China? Why don't they cheat Germany? You mean they only cheat us? They play fair with everybody but us?
    Nobody else is as stupid and collaborating as US politicians and the US is the most powerful and free nation on the planet that is being targeted for destruction by the globalists and the ChiComs who want to create a world government led by the ChiComs.

    Quote Originally Posted by PAF View Post
    No! The reason that we have a big deficit with China is because we don't make the stuff that the Chinese want. But the Germans do. The Japanese do. Plenty of other countries have surpluses with China...
    We used to make lots of stuff, we still make lots of stuff the Chinese people would want but the Chinese government uses subsidies, tariffs and other interventionist barriers to block our goods and destroy our industries.

    Quote Originally Posted by PAF View Post
    Trump, one of the things he said again today, and he's said this before, is that the United States is the "piggy bank" that everybody wants to rob.

    We're the piggy bank that everybody wants to rob?

    We're the world's biggest debtor!

    Our piggy bank is just full of IOU's ... What are they going to steal?

    Not only are we the world's biggest debtor, but we owe more money than all the other debtor nations in the world combined!
    We have plenty of wealth to rob and we used to have even more, this is just stupid.


    Quote Originally Posted by PAF View Post
    Peter on the idea that the trade war will magically cause corporations to bring their businesses back to the U.S.:
    Yeah, how are they going to do that?

    They're not going to leave China.

    If you've got all that infrastructure already there, you've invested all that money in plant and equipment, you can't just pull it out and move it to some other country. It's so much easier...to find a different buyer.

    It's a big world out there. A lot of people want stuff. A lot of people need stuff.

    It's a lot easier to find a different buyer for your goods then to transfer the entire production chain...rip it out of China and rebuild it someplace else.
    This is quite untrue, many companies are already leaving China and some of them are returning to America, it's not so easy to find another sucker in a world full of 3rd world poverty and tyranny.

    Quote Originally Posted by PAF View Post
    Just so you can keep selling to Americans who can't afford to pay, because we're buying on credit?
    The national debt and Americans' personal finances are two different things and there is still more wealth to loot in America than in most of the rest of the world.

    Quote Originally Posted by PAF View Post
    This is ridiculous. None of this is going to happen.

    This is all a fantasy in the mind of President Trump.
    Schiff is the one fantasizing.


    Quote Originally Posted by PAF View Post
    A century ago, Americans were duped into the idea of a big and overarching government.

    The 'land of the free' would become the land of the bureaucrats.

    No one wants to produce in America because government is overbearing with regulations, bureaucracies, dictates and edicts.

    President Trump should be tearing down all of these roadblocks, but he is not.
    Trump is doing a lot but Congress is in the way.
    Does Schiff really believe that the rest of the world is so much less regulated and taxed?

    Quote Originally Posted by PAF View Post
    Instead, Trump has embarked on a trade war that can do nothing but lower the standard of living for the average American even further.


    http://www.ronpaullibertyreport.com/...e-wants-to-rob
    Trump fighting back in the trade war that China is waging against us will raise the standard of living as opposed to the stunning drop that globalist trade has caused.
    Never attempt to teach a pig to sing; it wastes your time and annoys the pig.

    Robert Heinlein

    Give a man an inch and right away he thinks he's a ruler

    Groucho Marx

    I love mankind…it’s people I can’t stand.

    Linus, from the Peanuts comic

    You cannot have liberty without morality and morality without faith

    Alexis de Torqueville

    Those who fail to learn from the past are condemned to repeat it.
    Those who learn from the past are condemned to watch everybody else repeat it

    A Zero Hedge comment



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