- cross-posted to:
- world@quokk.au
- cross-posted to:
- world@quokk.au
Summary
Canada is preparing to retaliate against Donald Trump’s proposed 25% tariffs on Canadian imports, which could trigger the largest trade war between the nations in decades.
Prime Minister Justin Trudeau promised counter-tariffs worth $37 billion, with potential for further measures, depending on Trump’s final order.
Canadian officials warn the tariffs could harm both economies, disrupting key sectors like automotive, energy, and agriculture.
Labor leaders expressed concerns over job losses and urged collaboration. Canada hopes to avoid tariffs by highlighting their mutual economic impact to U.S. lawmakers.
Gold, local currency, you dont need to be a rocket scientist to figure it out.
LOL, gold… What year is it? If someone tried to give me gold for food in a global meltdown situation, I would tell them to fuck off.
Cool story, we are talking international currencies, Read the thread before looking like a fool
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you’re not very pragmatic are you?
gold only holds value so long as it’s accepted as an exchangeable currency. if nobody accepts it, then its value is zero…
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can you eat it? can you drink it? can it heal you when you’ve been stabbed or shot?
no.no.no.
gold is worthless if you have no use for it.
It’s not a hard concept to grasp. if I don’t want what you’re willing to trade with, you have nothing and I have everything.
are you purposely being so ignorant on how currency works and why having a government backed currency is better than physical gold or have all the crypto/gold bro videos melted your brain?
you’re thinking too locally. countries have a reserve of USD on hand to use as trade and an easy way to pay debts. this is why USD is called a “global reserve currency”
what do you think happens to those other countries that hold USD reserves when it drops in value?
it’s an economic depression! hope you’re ready for your grocery bill to quadruple. do you think your power company will accept payments made in gold? silver? pleasures of the flesh?
doesn’t take a rocket scientist to figure out what’s going to happen once the USD halves in value. complete economic meltdown.
the question you should be asking yourself is, who benefits from this?
Aw man I seem to vaguely remember a short time when this wasn’t happening ever since I’ve been of working age, but it already feels so distant now…
I think you’re taking it too lightly.
you should read up on the fall of the Soviet Union and what life was like after.
really, go read up on it. I’m sure it’ll blow your mind.
Sorry, there was no way I could find to phrase that without it reading sarcastically but sincerely, I wasn’t trying to downplay your insights!
I was being mildly sarcastic, but also totally serious, in that the birthright of Millenials and onward has been on the “and find out” end of eroding social safety nets and a generally declining civilization.
The idea of living in peace without constantly playing the “weather the next socioeconomic crisis” roguelike dice game is basically a foreign concept at this point. (To anybody who must work for a living.)
“Oh wow, what a major recession! The worldwide economy sucks! There’s no jobs! Groceries are expensive! Bosses are kings! Wages are frozen!” (Which year, amirite?)
“Wow these natural disasters are crazy! Look, the water catches fire! Woah, everyone’s full of plastic!”
Hey that thing there was a steady supply of? Everybody’s freaking out and ready to fight over it.(Jobs, toilet paper, gasoline, twinkies, silicon, whatever.)
“Hey everything was alright for a while! Workers are winning raises and sick days! But corpos complain and fire everybody to make line go up. Unemployment at record highs again. Here’s 42 ways to suck up to your boss and beg to keep your income.”
“Haha wow we were SURE that plague was extinct.”
"Rents skyrocketing. Nobody’s having children. People who want them are increasingly infertile. People who don’t, make it an entire political identity.
(Insert the entirety of 2020-onward here)
Everything is hyper competitive and a requires luck. The lucky want to tell you it’s all about Just Working Harder and “everything is actually better than it’s ever been!”
Hey remember when the whole world went to war against fascists? Ha they’re seen as legitimate again because they’ve got memes now.
**TL;DR: **
I agree with you, it’s like watching the fall of the Soviet Union, except instead of The Party chanting “everything is fine keep working”, it’s mainly private interests. And nobody’s learned anything.
I’m trying to keep my head up lol…
Comical.
Maybe for Americans where groceries are highly highly processed let alone majority imported.
Grabs locally grown whole foods including popcorn and gets healthier
can’t be edgy while you starve.
you’ll think back to this moment when you’re hungry.
Better start prepping then so you don’t starve
You’ll think back at this moment when you’ve got a full stomach.
you’re right, I will. but not for the reasons you’re implying.