First  Prev  1  2  Next  Last
Post Reply AUD is dropping
29829 cr points
Send Message: Send PM GB Post
21 / M / Bundaberg, Queens...
Offline
Posted 1/23/17 , edited 1/23/17
since trump cancelled the TPP the AUD is dropping....goodbye decent living hello poverty thanks Trump?

I'm not liking the look of the future since we need to rely on America for imports...hopefully something happens to boost the AUD up again.

Anyone elses country getting massively negatively effected by the fool? we even have riots in my country over him because of the effects it has here -.-
11816 cr points
Send Message: Send PM GB Post
20 / M / Winnipeg, MB.
Offline
Posted 1/23/17 , edited 1/23/17
We didn't have riots here, but we did have people going to marches both in the US and at home. Can't really say that any massively negative effects have happened here yet, and even if they did I would probably be quicker to blame our own leader. I don't really mind the TPP being shitcanned, even though I think it's obvious that the more responsible thing to do would be to try and amend it. It was a piece of shit written to benefit shitty people before the population at large and is one of the worst written governmental documents I have seen since SOPA. It could also easily cause massive detriments to the game industry, the comics industry and yes, of course, the anime industry.
29829 cr points
Send Message: Send PM GB Post
21 / M / Bundaberg, Queens...
Offline
Posted 1/23/17 , edited 1/23/17

octorockandroll wrote:

We didn't have riots here, but we did have people going to marches both in the US and at home. Can't really say that any massively negative effects have happened here yet, and even if they did I would probably be quicker to blame our own leader. I don't really mind the TPP being shitcanned, even though I think it's obvious that the more responsible thing to do would be to try and amend it. It was a piece of shit written to benefit shitty people before the population at large and is one of the worst written governmental documents I have seen since SOPA. It could also easily cause massive detriments to the game industry, the comics industry and yes, of course, the anime industry.


ok maybe i got riots and marches messed up but still its pathetic.

I don't mind it either but its like no one gives a shit beyond America what happens to other countries.

We always help America out when it comes to need and now we are going to and are getting shitcanned.

From my perspective it's pretty dumb.
11816 cr points
Send Message: Send PM GB Post
20 / M / Winnipeg, MB.
Offline
Posted 1/23/17 , edited 1/23/17

Ryulightorb wrote:


octorockandroll wrote:

We didn't have riots here, but we did have people going to marches both in the US and at home. Can't really say that any massively negative effects have happened here yet, and even if they did I would probably be quicker to blame our own leader. I don't really mind the TPP being shitcanned, even though I think it's obvious that the more responsible thing to do would be to try and amend it. It was a piece of shit written to benefit shitty people before the population at large and is one of the worst written governmental documents I have seen since SOPA. It could also easily cause massive detriments to the game industry, the comics industry and yes, of course, the anime industry.


ok maybe i got riots and marches messed up but still its pathetic.

I don't mind it either but its like no one gives a shit beyond America what happens to other countries.

We always help America out when it comes to need and now we are going to and are getting shitcanned.

From my perspective it's pretty dumb.


Trust me, you as well would have been screwed over by the TPP at some point. I noticed you like playing video games, obviously, and honestly I think the entertainment industry would be the one hit hardest by the partnership and within it the game industry would be the one suffering the most.
Posted 1/23/17 , edited 1/23/17
nice work keep it rolling
29829 cr points
Send Message: Send PM GB Post
21 / M / Bundaberg, Queens...
Offline
Posted 1/23/17 , edited 1/23/17

octorockandroll wrote:


Ryulightorb wrote:


octorockandroll wrote:

We didn't have riots here, but we did have people going to marches both in the US and at home. Can't really say that any massively negative effects have happened here yet, and even if they did I would probably be quicker to blame our own leader. I don't really mind the TPP being shitcanned, even though I think it's obvious that the more responsible thing to do would be to try and amend it. It was a piece of shit written to benefit shitty people before the population at large and is one of the worst written governmental documents I have seen since SOPA. It could also easily cause massive detriments to the game industry, the comics industry and yes, of course, the anime industry.


ok maybe i got riots and marches messed up but still its pathetic.

I don't mind it either but its like no one gives a shit beyond America what happens to other countries.

We always help America out when it comes to need and now we are going to and are getting shitcanned.

From my perspective it's pretty dumb.


Trust me, you as well would have been screwed over by the TPP at some point. I noticed you like playing video games, obviously, and honestly I think the entertainment industry would be the one hit hardest by the partnership and within it the game industry would be the one suffering the most.


oh i know TPP would have impacted me negatively with my hobbies but it was helpful to some degree also in other areas.
Hence why i think negotiating different terms would have been better
29829 cr points
Send Message: Send PM GB Post
21 / M / Bundaberg, Queens...
Offline
Posted 1/23/17 , edited 1/23/17

MysteryMiss wrote:

nice work keep it rolling


what?
11816 cr points
Send Message: Send PM GB Post
20 / M / Winnipeg, MB.
Offline
Posted 1/23/17 , edited 1/23/17

Ryulightorb wrote:

oh i know TPP would have impacted me negatively with my hobbies but it was helpful to some degree also in other areas.
Hence why i think negotiating different terms would have been better


I agree with this.
Posted 1/23/17 , edited 1/23/17
I wasn't aware of what was happening, but that definitely sucks!
21428 cr points
Send Message: Send PM GB Post
26 / M / Leanbox, Gameindu...
Offline
Posted 1/23/17 , edited 1/23/17
Trump will negotiate one on one trade agreements that don't give multinational corporations the right to sue sovereign governments for passing laws "infringing on their profits" (whatever that means) in unchecked international corporate run courts.

The TPP had less to do with trade and more to do with giving Pharm companies the right to make it harder for cheaper alternatives to compete, allowing nation-states in without sufficient Democratic reforms *cough* Burma, Vietnam, and allowing more cheap labor in direct competition (i.e. more outsourcing).

It also dropped all tariffs on all products that have 40% of their profit in TPP countries.
Therefore, there was a backdoor where I could create a product in TPP states while getting 60% of my labor and production from a modern day pseudo-slave labor state like Bangladesh.

It's a short term drop, I wouldn't worry too much. Look at the UK, I wouldn't be surprised if there will be a UK/US FTA the day they leave the EU.

Besides Australia is one of our greatest allies and a FTA with your country won't face large opposition in Congress or with the general public since your country pays wages that are on par, if not better than ours not to mention environmental and labor laws that would be competitive with our own.
5026 cr points
Send Message: Send PM GB Post
30 / M / Australia
Offline
Posted 1/23/17 , edited 1/23/17
https://en.wikipedia.org/wiki/Australia%E2%80%93United_States_Free_Trade_Agreement

We've had a free trade agreement with each other since 2005
22009 cr points
Send Message: Send PM GB Post
The White House
Offline
Posted 1/23/17 , edited 1/23/17
I'd support free trade with OZ. I think trade with you guys would be like free trade with Canada.

Oh... So I guess we already have free trade.
mxdan 
11250 cr points
Send Message: Send PM GB Post
27 / M / A Husk.
Offline
Posted 1/23/17 , edited 1/23/17
It may surprise some of you to know that I actually support Trump's treatment of the TPP. Mainly because it goes against his self interests. He only stands to gain financially from the TPP given that the United States doesn't treat these pacts like many in Europe do through regulations.

They ultimately become top level elites bargaining chips that do little to help the American Economy because our flat out inability to regulate it (like at all). We ultimately have two different ideas of how our economy should work at any given time. And any oversight that would make the TTP a good thing could and probably would be destroyed by the other party.

Instead of going into more detail on why this move is important here is a reddit comment that can explain it far better then I can;


I did a couple hours of research a few months ago. The best I could come up with from neutral sources was what I put below. Read all of the bullet points though, because I didn't neatly separate this list into pros and cons (if you even can).

- It is an absurdly complicated subject, so take everything with a grain of salt.

- It would be like NAFTA was for mexico <--> US / Canada, but with a few major differences.

- The first major difference, is that instead of targeting trade with Mexico, the point was to target trade with south east asia.

- The second major difference was that NAFTA targeted manufacturing jobs (in return for cheaper goods). TPP targeted service level jobs, and was very explicit in which industries for which countries.

- For example, for the United States, jobs in nursing and retail work were specifically targeted and expected to be strongly adversely affected, in return for significantly expanded asian market penetration for things like American automotive exports and pharmaceuticals.

- How could something like nursing be exported? Well, that actually gets to the heart of the matter. For the United States, the point of the TPP (and its sister acts) was to greatly, greatly strengthen and enforce IP law for south east asia, to match already existing IP and trade law in the US and Europe.

- So whereas right now your bank probably hires American programmers, instead of programmers from Cambodia, for purely safety and enforcement reasons, that would change tomorrow. And with the TPP, if you are a programmer, this would adversely affect you. But nursing was specifically targeted, as bringing SE asia more in line with HIPAA guarantees would make it legally feasible to outsource more hospital overhead offshore.

- This all means you could expect major offshoring of what are right now considered reputable and secure jobs in America, and for the act to be quite transformative for the economy. In short, if your job isn't tied to the USA, and is easy to offshore, but hasn't been for logistic, legal or economic reasons, the TPP almost certainly changed the math involved with that equation (though of course it will be different for every job / industry).

Okay, so if America is trading away good jobs in entire industries, what does it get in return?

- Right now, if you are a large business that wants to get into Asian markets, you have two problems. 1) If you open in China, there's a good chance your designs will be eventually be stolen and given to a Chinese company, which the Chinese government will then later support at your expense. And 2) The rest of SE asia has similar problems to varying degrees, and they all trade with China.

- Additionally, right now Europe's economy is looking dead for the foreseeable future. And since America isn't spending money jumpstarting our own economy, we're not likely to grow at a large rate any time soon either.

- But asian economies are booming. And as they do so, they are trading with each other, and making trade deals with each other that don't include us. And that's a major disadvantage for America and Europe.

- So the purpose of the TPP, from a western viewpoint, is to get SE asia into the same economic and legal framework as the western world, and open their markets to western companies.

- The second purpose of the TPP, is to get China to play ball too. Right now, if we tell China to open their markets, and enforce western IP law, they'll laugh in our face (and do so). We don't have the bartering chips for that deal. But if the rest of SE asia is already doing so with the West, and builds their economies around such laws, then 15-20 years from now, it won't just be Europe / USA telling China to open their markets and enforce international IP law, it will be the vast majority of China's trading partners. In short, it would be an economic coup d'etat for western powers, that would bring a lot of money to large western companies and give Washington much more power in Asia. If you are a citizen of the west, this is almost certainly a good thing.

- So Obama and Clinton's bet, is that if we don't make a deal like the TPP, then Chinese (and by extension SE asian) companies are going to spring up as international competitors to American firms anyway. And that increased competition represents lost profits that could otherwise have been made by western companies trading in China. So by trading those jobs to outsourcing now, the US would be in a much more dominant position later, and it is worth the trade.

Okay, is that line of thinking valid?

Yes and No.

- If you are a CEO, or a powerful washington person. Then yes, unequivocally. The TPP means continued western and American worldwide economic hegemony and should be strongly fought for. EU / USA firms cannot do business in China. That's a major economic disadvantage for any western firm playing on that level.

- For people who's jobs are not offshored, then yes, this is probably a good plan. Just like NAFTA resulted in cheaper goods, TPP should result in cheaper services across the board.

- But if your job can be offshored (and the list of offshorable jobs the TPP will make cost effective to offshore is large), then it is more complicated.

- If the USA had a real economic safety net, and put forward programs towards retraining and revitalizing areas specifically hit by offshoring and globalization, then you could vote for the TPP confidently. This, for example is how the scandanavian countries handled integration into the EU, and overall there are very few cases of real economic hardship as the result of that integration. Overall, it was a success story.

- But after NAFTA, the USA implemented no such programs, whatsoever. Economists at the time, believed them to be unnecessary. The thinking was, that if free trade agreements resulted in more trade, which resulted in more jobs, then people who lost their jobs to outsourcing should have no difficulty finding new jobs in a free market.

- The reality was that outsourcing resulted in chain effects whereby entire regions of the country lost all their good jobs, and the good jobs that remained moved to other US locations. Combined with the fact that many people woke up one day to find that their entire career was no longer employable in their home country, meant that they simply could not find new work. Add in again Greenspan's attempts to 'lower worker mobility to increase American labor competitiveness', and the end result is that today, in 2017, many families that lost their jobs due to nafta STILL are not employed.

So at the end of the day, you have to make a call. Do you think that America will be like Scandanavia, and reinvest a portion of the profits reaped by greater access to Asian markets on economic growth, unemployment benefits, worker retraining and government programs? Or do you think that America will call those things socialism, ignore the problem, and allow large companies to reap the economic rewards unmolested?

Personally, I fall into the second category, so I am very, very happy to see the TPP fail. I think that given the second viewpoint, outsourcing service level jobs, in THIS economy, would be a death sentence for many, many people. But that said, if you think that the first option is a possibility, then the TPP should be strongly supported. And really, in an ideal world, if we could trust that America would take care of the people who would be harmed by the outsourcing, then we would want the TPP to pass, because increased trade and American competitiveness in the future is something that should be encouraged and worked towards.


https://www.reddit.com/r/worldnews/comments/5ppzs5/president_donald_trump_signed_an_executive_order/dct6oy6/
5026 cr points
Send Message: Send PM GB Post
30 / M / Australia
Offline
Posted 1/23/17 , edited 1/23/17

https://en.wikipedia.org/wiki/Regional_Comprehensive_Economic_Partnership

Meanwhile in reference to the above

China's version of the TPP
15245 cr points
Send Message: Send PM GB Post
Offline
Posted 1/23/17 , edited 1/23/17
I swear its always dropping.
First  Prev  1  2  Next  Last
You must be logged in to post.