Read more at https://www.channelnewsasia.com/news/world/trump-says-trade-wars-are-good-and-easy-to-win-10008088
(Updated: )
Ricky Lim ·
Posted in :- January 27, 2017
ricky l 13 seconds ago
Trump will have to be very careful.
If Trump start a trade war with the World, it will follow a World War 3 - the Big Bang vision maybe coming true.
The Economic Depression 1930s trade war started by US follow a World War 2.
This is what i have been trying to stop for so many years.
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ricky l
ricky l 34 seconds ago
Posted in :-
Reuters – Fri 20 Jan, 2017 3:26 AM IST
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ricky l 0 seconds ago
1930s Deep Depression --- hopefully it will not occur.
It is trigger by US trade war - increase trade tariff against the World - that trigger 1930s Deep Depression.
Hope Donald Trump learned from this - and not repeat the mistake of the 1930s Deep Depression.
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"The decline in the U.S. economy was the factor that pulled down most other countries at first; then, internal weaknesses or strengths in each country made conditions worse or better. Frantic attempts to shore up the economies of individual nations through protectionist policies, such as the 1930 U.S. Smoot–Hawley Tariff Act and retaliatory tariffs in other countries, exacerbated the collapse in global trade.[17] By late 1930, a steady decline in the world economy had set in, which did not reach bottom until 1933."
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ricky l
ricky l 3 seconds ago
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ricky l 1 second ago
And Deep Depression 1930s --- trigger the 2nd World War.
0
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World War II and recovery
The common view among economic historians is that the Great Depression ended with the advent of World War II. Many economists believe that government spending on the war caused or at least accelerated recovery from the Great Depression, though some consider that it did not play a very large role in the recovery. It did help in reducing unemployment.[11][90][91][92] The rearmament policies leading up to World War II helped stimulate the economies of Europe in 1937–39. By 1937, unemployment in Britain had fallen to 1.5 million. The mobilization of manpower following the outbreak of war in 1939 ended unemployment.[93] When the United States entered into the war in 1941, it finally eliminated the last effects from the Great Depression and brought the U.S. unemployment rate down below 10%.[94] In the U.S., massive war spending doubled economic growth rates, either masking the effects of the Depression or essentially ending the Depression. Businessmen ignored the mounting national debt and heavy new taxes, redoubling their efforts for greater output to take advantage of generous government contracts.[cit
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ricky l
ricky l 3 seconds ago
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ricky l 0 seconds ago
Hour before the announcement of US Election result :-
One Big Bang comes ------ Lightning strike and Thunder roar - when reading the 1st headline of US Election result .....
And a "Vision appear" --------- there will be One Big Bang.......
Let's hope the vision of 1930s Great Depression (Economic Impact) follow by World War 2 (Security Impact) -------- will not be repeated from 2017 to 2021 .....
Because it will end the Mankind .......... if there is WW3........
0
See l
ricky l 13 seconds ago
Trump will have to be very careful.
If Trump start a trade war with the World, it will follow a World War 3 - the Big Bang vision maybe coming true.
The Economic Depression 1930s trade war started by US follow a World War 2.
This is what i have been trying to stop for so many years.
See less
Reply
ricky l
ricky l 34 seconds ago
Posted in :-
Reuters – Fri 20 Jan, 2017 3:26 AM IST
Avatar
ricky l 0 seconds ago
1930s Deep Depression --- hopefully it will not occur.
It is trigger by US trade war - increase trade tariff against the World - that trigger 1930s Deep Depression.
Hope Donald Trump learned from this - and not repeat the mistake of the 1930s Deep Depression.
----
"The decline in the U.S. economy was the factor that pulled down most other countries at first; then, internal weaknesses or strengths in each country made conditions worse or better. Frantic attempts to shore up the economies of individual nations through protectionist policies, such as the 1930 U.S. Smoot–Hawley Tariff Act and retaliatory tariffs in other countries, exacerbated the collapse in global trade.[17] By late 1930, a steady decline in the world economy had set in, which did not reach bottom until 1933."
Reply
See less
ricky l
ricky l 3 seconds ago
Avatar
ricky l 1 second ago
And Deep Depression 1930s --- trigger the 2nd World War.
0
----
World War II and recovery
The common view among economic historians is that the Great Depression ended with the advent of World War II. Many economists believe that government spending on the war caused or at least accelerated recovery from the Great Depression, though some consider that it did not play a very large role in the recovery. It did help in reducing unemployment.[11][90][91][92] The rearmament policies leading up to World War II helped stimulate the economies of Europe in 1937–39. By 1937, unemployment in Britain had fallen to 1.5 million. The mobilization of manpower following the outbreak of war in 1939 ended unemployment.[93] When the United States entered into the war in 1941, it finally eliminated the last effects from the Great Depression and brought the U.S. unemployment rate down below 10%.[94] In the U.S., massive war spending doubled economic growth rates, either masking the effects of the Depression or essentially ending the Depression. Businessmen ignored the mounting national debt and heavy new taxes, redoubling their efforts for greater output to take advantage of generous government contracts.[cit
See less
ricky l
ricky l 3 seconds ago
Avatar
ricky l 0 seconds ago
Hour before the announcement of US Election result :-
One Big Bang comes ------ Lightning strike and Thunder roar - when reading the 1st headline of US Election result .....
And a "Vision appear" --------- there will be One Big Bang.......
Let's hope the vision of 1930s Great Depression (Economic Impact) follow by World War 2 (Security Impact) -------- will not be repeated from 2017 to 2021 .....
Because it will end the Mankind .......... if there is WW3........
0
See l
Ricky Lim ·
The announcement was greeted with fury within key US trading allies such as Canada, the EU, Australia and Mexico, as well as rival China.
"While Donald Trump considers himself pro-business, the imposition of tariffs across the aluminium and steel sector has led to fears over a collapse in global trade," added IG analyst Joshua Mahony.
"While Donald Trump considers himself pro-business, the imposition of tariffs across the aluminium and steel sector has led to fears over a collapse in global trade," added IG analyst Joshua Mahony.
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Ricky Lim ·
With Trump declaring Trade War with the whole World, the whole World should attempt to create a "buffer zone" against US - by forging multi-lateral trade deals MINUS US.
This is to ensure the whole World trade among themselves - minus US and cushion any fallout from US trade protectionism.
That is - the whole World build a "Trade Firewall" against Trump led US.
This is to ensure the whole World trade among themselves - minus US and cushion any fallout from US trade protectionism.
That is - the whole World build a "Trade Firewall" against Trump led US.
Richard Kam ·
Next this moron may say The USA will not Import anything or Export anything from the rest of the world because they are self sufficient in everything.
