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.
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.
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.
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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?