QUESTION: I only recently learned of your material and am still digesting it. I appreciate that you encourage critical thinking. I hope you find my questions of the same spirit. In your recent article “Are Two-Tier Monetary Systems a Possible Tool?”, you illustrated how South Africa’s experience could provide an example for nations wanting to […]
QUESTION: Controls v Protectionism If capital controls would be such destructive measure, then China already has in place what one would consider Capital Controls and if they were to lift their control a lot of money will leave China – why is that not destructive: as you mention that the centre of finance will move […]
While there is a grave danger many speak of with trade wars creating protectionism, that is merely a reaction to the economic decline in the West. It is not merely trade wars; it is appearing also in tax wars. Germany bribing Swiss bankers to get names of Germans with accounts in Germany illustrates that […]
COMMENT: Hi Marty I agree with Trump. Assembling in the U S is not sufficient. We need the supply chain parts (eg manufacturing ) in the US. What do we do when we get in a war with say China – do we submit an order to china for parts to assemble a ship? Does […]
QUESTION: Hi Marty, I was surprised to see this post. While I can understand from a dollars and cents perspective you may be for global trade and globalism itself, the American worker and American domestic businesses have suffered greatly in the last twenty years since jobs and companies moved to China and then sell us […]
Toyota has criticized President Donald Trump’s decision to declare some auto sector imports a national security threat. They say it sends a message that Japan’s largest carmaker isn’t welcome in the United States. Trump has used the threat of “national security” as the excuse for a trade war. His policies on trade are very old […]
QUESTION: Hi Martin, I just read your blog on the new NAFTA. One important point that you missed is the control the new agreement gives to the US over Canada in it’s trade deals it makes with other countries, (China being the target) The US gets to review all deals before they are signed and give […]
The new Trade Agreement between Mexico and Canada (USMCA) and the United States over which Trump has been so criticized for was obviously necessary from a number of perspectives. The new USMCA is drafted as a new stand-alone trade agreement, rather than amendments to NAFTA. It includes transition provisions dealing with NAFTA, some modifications to those […]
QUESTION: Mr. Armstrong; Do you agree with Trump that if he canceled NAFTA, the United States would be better off? SN ANSWER: Ironically – YES from a jobs perspective, not the consumer. What you have to understand is that these trade deals are all nonsense. They are NOT Free Trade in the least. They are […]
People really think we have free trade and somehow Trump is reversing that fact. This, of course, is how the press has portrayed the issue, but that is just far from the truth. Trump is now looking at putting a 20%-25% tariff on cars coming from Europe. Personally, I only have German cars so I […]
