What the world needs now in addition to love is wisdom.
Saturday, August 13, 2016
King Solomon, Donald Trump, Fair Trade Post Two (Repost)
Why does Donald Trump keep repeating, over and over again, in the Presidential Debates that our Trade Negotiators are stupid (foolish)?
In my previous I post I said trade is an ancient art and explained how after a trade was made, a buyer might complain about the deal he made to a seller. Then go off and congratulate himself for making what he subjectively considered to have made a good deal. So how do we know objectivity when a trade deal is made by US trade negotiators are stupid (foolish), a bad deal, or a perhaps even a good deal in today’s modern world?
Before I answer, I believe we first need to understand definitions that would apply to traders in order to gauge the skill level of our US trade negotiators, and our Congress who are responsible to approve all trade agreements.
You have seen a man who is skillful at his work? It is with kings that he will hold office; he will not hold office with obscure men. (Proverb 22:29)
I have discussed mahir (skilled, expert) at length with special reference to * Ahikar, who is described as ‘sagacious and keen=witted statesman.’ A man who has this mental nimbleness and adroitness will become a statesman of the first rank. He will not fail to make his way in the world; he will rise to thee top by sheer acumen and flair for state craft and will not bury his talents in the service of obscure and mediocre principals. (Proverbs Mc Kane)
* Assyrian sage known in the ancient Near East for his outstanding wisdom.
Definitions of Trade
the action of buying and selling goods and services.
“a move to ban all trade in ivory”
a skilled job, typically one requiring manual skills and special training.
“the fundamentals of the construction trade”
buy and sell goods and services.
“middlemen trading in luxury goods”
exchange (something) for something else, typically as a commercial transaction.2.
OUR US TRADE NEGOTIATORS WERE NOT SKILLED ENOUGH TO NEGOTIATE WITH HORSE TRADERS.
Why do Donald Trump and myself believe this? What objective measurement proves our assessments to be true? What is this objective measurement that determines the skill level of our trade negotiators and our Congress that approved the agreements?
It is the deficit trade balance measurement reported every month by the US Government.
The current US trade deficit is one half trillion dollars a year, the largest trade deficit of any nation in the world and in the history of world trading.
In My Next Post
I will explore the detrimental effects of trade deficits to any nation. Just so you understand, the larger the amount of the deficit to a nation the greater the loss on the balance sheet an accountant would classify as ‘lost opportunity.’