Grocery shopping today, probably have some American goods in my basket.
Printable View
Grocery shopping today, probably have some American goods in my basket.
It's understandable why Canadians would boycott American products. You should do what you feel is best as a matter of conscience.
The state of Maine here in the US borders with the Canadian provinces of New Brunswick and Quebec. Tourism is one of our major industries. We're expecting that there won't be as many people from Canada coming to visit with us this summer as in years past. Of course ... there's the resentment but also concerns about running into hassles at the border crossings. A lot of Americans cancelled planned trips abroad to places like Europe & points in Asia because they're worried about possibly running into problems with re-entering the US. We're hoping that we might pick up some of that domestic tourist trade to offset the loss of our Canadian friends.
The other way we've been affected is that many of the businesses that lie along the US - Canadian border have been affected. I was talking with a grocery store owner a few weeks ago and the loss of his Canadian customers coming across the border to shop there may force him to close.
It's kind of a shame really. We here, just in the State of Maine, were hemorrhaging billions of dollars to the North every year because of our trade imbalance with you. I get that something had to be done to stem the flow of lifeblood from our economy but it has been a painful process. Maybe it will all work itself out after a fashion.
Seen this coming, paid off my credit card debt, have people wanting to purchase my silver and gold. Not selling could be the wrong decision but my gut instincts tell me to hold onto these assets.
https://i.postimg.cc/6qjdq13F/Screen...2-16-28-19.png
https://i.postimg.cc/prwLsD1p/Screen...2-16-30-22.png
https://youtu.be/HuR2lFTg_z8
I wouldn't put much stock in the video. It's well done but some of the information contained within is incorrect. If you're working with bad info .... it will result in drawing erroneous conclusions based on the evidence set before you.
Good financial move getting that credit card paid off. I would hope the U.S. would do the same with it's national debt. We put out a bond issue last week and there was very little global interest in buying American debt. We also took a credit downgrade. That means that we will have to offer higher interest rates in order to attract investors. ( That real world fact ... in itself ... disproves the entire video. )
I've seen this before. We're most likely headed into an inflationary recession like we experienced in the 1970's.
The thing that most people don't understand is that the U.S. economy is massive. It's like a mile long freight train. It takes a whole lot of huffing and puffing just to get it up to speed. Once it is up to speed .... it's not like you can switch in onto a different track without derailing the train. You have to think long term. Economic policy put into place today might not be fully realized for another ten years.
As it goes ... Mr Trump is just along for the ride for economic policy which was put into place during the pandemic years. Short sighted people give him far to much credit for being the villain of the peace. They're just playing politics.
The wise man understands that there is a world of difference between politics and economics. They are two completely different fields of study. Get your head clear of all the political static and noise and you will know without a doubt that your gut is pointing you toward the best decision about your silver & gold assets. A U.S. dollar bill or a Canadian loonie is just a piece of paper with pictures and numbers on it. They're just a convenient medium of exchange. When you really thing about it ... do these things have any intrinsic value ?
51rst State Eh.
https://youtu.be/oA0RAyG38jY
You've got a good PM there alloy.Quote:
Originally Posted by alloy2
This reminds me of the story about Ferdinand the Bull :
Young Ferdinand does not enjoy butting heads with other young bulls, preferring instead to sit under a cork tree smelling the flowers. His mother is concerned that he might be lonely and tries to persuade him to play with the other calves, but when she sees that Ferdinand is content as he is, she leaves him alone.
Ferdinand grows to be the biggest bull in the herd and he often spends time alone. All the other bulls dream of being chosen to compete in the bullfights in Madrid, but Ferdinand still prefers smelling the flowers instead. One day, five men come to the pasture to choose a bull for the bullfights. Ferdinand is again on his own, sniffing flowers, when he accidentally sits on a bumblebee. Upon getting stung as a result, he runs wildly across the field, snorting and stamping. Mistaking Ferdinand for a mad and aggressive bull, the men dub him "Ferdinand the Fierce" and take him away to Madrid.
Lol ... i've heard Mr. Trump called all manner of things but never " The Bee. " ;)
To be a little more concise:
Socialist governments tend to be rather complacent sometimes. They're kinda like old Ferdinand in that way. They're content to just sit around the field smelling the flowers all day.
Take a guy like Mr. Trump. Now that man is a business shark. He thrives on disrupting the status quo and creating chaos because it creates opportunities for positive change & growth. He knows that this world is a very competitive place where complacency = a slow death.
You Canadians may be furious with him but he knows that you are really capitalists and not socialists. You just needed someone to come along and give you a good sting in the behind to remind you of that.
Whoo boy .... look at you guys snorting and stomping around the field and acting like bulls should act. Stand proud and be fully independent of your neighbor to the South. Make Canada Great Again !
50% tariff on Canadian copper exported south.
Time to put the hammer mill back in operation.
https://i.postimg.cc/1tZ1MpPX/hammer2.jpg
https://i.postimg.cc/G2Mz9CMR/hammer3.jpg
https://i.postimg.cc/vBDWx42m/hammeer4.png
One would imagine that it will result in higher prices being paid for scrap copper here in the U.S. ?Quote:
Originally Posted by alloy2
I've been tracking scrap copper & brass for awhile. They usually hit a high sometime in the winter or early spring and then trend downward and hit their lows during the summer. It's been different this year. The prices being paid right now are very close to the highs of last winter.
I think what we're seeing here in the US is a trend from sourcing from foreign suppliers to sourcing domestically. The federal government has been loosening our environmental laws so it's likely we will see more refining from scrap to finished metal being done domestically.
ie: During the Obama administration .... environmental laws became so strict that we lost all capacity for lead production. We exported all scrap lead to other countries where the environmental laws were more lax because it was cheaper to do it that way.
Lotta changes going on lately.