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President Trump used a press conference at the G7 summit in Canada to double down on his tough stance on trade, telling reporters that the United States is like “the piggy bank that everybody is robbing” but promising that that is ending under his leadership.
Trump made the remarks before he departed Charlevoix, Canada, after meeting with world leaders. Trump had entered the summit amid a spat with Canadian Prime Minister Justin Trudeau and French President Emmanuel Macron over U.S. tariffs on steel and aluminum.
But Trump said that talks at the summit had been “extremely productive” about trade among other issues. Despite reported tensions surrounding the summit, Trudeau announced on Saturday that all seven countries had signed onto a summit communique, The Associated Press reported.
Trump said he didn’t blame the other leaders for what he saw as an unbalanced trade relationship which hurts the U.S.
“People can’t charge us 270 percent and we charge them nothing, that doesn’t work anymore,” he said.
originally posted by: UKTruth
Washington DC is like a sales floor for the countries of the world to come along and offer cash to politicians to make it easy and cheap to access the US market.
Just send along a few representatives with a bag full of cash and bingo.
Result = rich lobbyists, rich politicians, and a raid on the wealth of the people.
originally posted by: Dr UAE
a reply to: xuenchen
Sounds like Trump has "Had IT" with lots of things
According to minutes from the May meeting, FOMC officials are concerned that the funds rate is rising a bit more quickly than anticipated, causing a tightening in money markets that would make a more aggressive unwind of the balance sheet problematic.
originally posted by: MteWamp
That gravy train has been running long enough.
I doubt it'll ever happen, mostly because of umm, Bureaucratic Resistance, but I'd like to see an audit of the entire Federal government. Top to bottom.
Every line item, every expenditure, documented, questioned, and the justification explained. Every single dollar that leaves the Treasury.
Yeah, I know. Pipe dream.
If you are elected to office in the Federal government, or if you are a lifetime appointee, you are audited.
Here's an example.
Jack is elected to the U. S. senate, and at that time his net worth is $250,000.
Let's say Jack's salary over a 12 year period averages $170,000 per year.
Jack serves 2 terms, and after 12 years he's not reelected.
After 12 years in the Senate, Jack's net worth is $20,000,000. (that's probably low, but this is hypothetical, so sue me)
If Jack can't show unquestionable documentation for this windfall, not only to the rest of the sitting Senate, but publicly, to his former constituents, Jack has MIBs shining flashlights up his ass until they discover where this money came from, or until light starts to shine from his nose. Whichever comes first.
And before you ask, the answer is yes, I also mean up to and including the President of these United States.
Every salaried Federal employee, elected or appointed.
originally posted by: dragonridr
a reply to: DerBeobachter
Silly all apart of the plan not only will he get Mexico to pay for the wall but also members of the G7.
Thinking he could get an international go fund me page going we could have that wall built within 2 years.
That aside however US would be fine the rest of the planet not so much. The enture planet net worth is $153.2 trillion in petsonal wealth. Guess how much of that is in the United States? US citizens control 63.5 trillion of that.
Now this doesnt even include assests owned and purchased by the us government.Internatuonally there is 5 trillion i. Circulation through currency in the world. Of that 1.2 trillion is US currency.
The U.S. economy remains the largest in the world in terms of nominal GDP. The $19.42 trillion U.S. economy is 25% of the gross world product.
Does any of this sound like the global market could survive without US participating?