Let's Have a Trade War - No, Let's Not and Say We Did

Most people don't realize this but severe trade wars and protectionism actually leads to real wars over resources. One of the best ways to prevent war is to trade culture and products with other nations of the world. When we set up trade barriers, unnecessary tariffs, or try to put something over on our trading partners to serve our best interests without regard to their interests, we have not only broken a major rule in negotiation, but we set ourselves up for future failure.

It is widely known in negotiation that if you win big, and the other party loses, then not only will the other party be unable to fulfill their promised obligations, but they won't be very happy either. So whereas, you thought you won the negotiation or trade deal, you actually lost, and both parties lose in the end.

We need not let history repeat itself, and I'd like to remind you that; most of our ports had closed in the 1930s due to the Smoot-Hawley legislation, which killed jobs. Imagine living in Los Angeles with a 12-13% unemployment rate, and the ports stop completely. There goes another 450,000 jobs in Southern California, and this could easily shoot unemployment rates closer to 20%. That's not going to be pretty.

We must be careful of political leaders who put themselves and their political careers above what's best for our nation. Because when we allow them to do that, and to do something stupid like raising tariffs on rubber, or steel to appease the unions, so that politicians can get re-elected; all we've really done is start a trade war, which will have ripple effects around the world, and conflict, and wars can or will ensue.

But besides that, economically speaking, it's a lose-lose situation, it's the very opposite of what trade is supposed to be providing us all; a win-win situation. President Obama made a severe mistake by putting Chinese tire tariffs on those imported products to appease the unions. If he's willing to do this, to promote himself, or his healthcare plan (needed union support); then he is a failed leader, failing to live up to his promises, failing to lead with integrity; and all we have is politics as usual.

Therefore, President Obama is no longer needed as president of the United States of America. Either through his naivety or Machiavellian Chicago-style politics; he has destroyed the integrity of his office, and the confidence of free markets around the world. In my professional opinion; He should immediately resign, as he is unfit to lead.

Indeed, I am sorry that's just the way it is; this is totally unacceptable. It's time for Obama to go, and where he goes is irrelevant. That's my opinion and I'm sticking to it, my name is Lance Winslow and thank you for listening.

Lance Winslow is a retired Founder of a Nationwide Franchise Chain, and now runs the Online Think Tank. Lance Winslow believes everyone ought to understand more about diabetes; prevent diabetes [http://type1forum.com/]

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Global Trade Wars and Currency Manipulation - This is a Bad Road to Travel for Humankind

The World needs to be careful not to get drawn into a trade war due to China's manipulation of its trade policies, as it seeks to "win" above all else for itself rather than sticking to the fundamentals of a Western Style "Win-Win" relationship with the rest of the world. Personally, I am gravely concerned with what's going on and see more storm clouds on the horizon and continued escalated conflict from what began as a trade war.

An interesting article in Reuters to read was entitled; "IMF Warns Against Currency War," by Steven C. Johnson - posted on their website on October 6, 2010. Now then, I recommend you go read this article online and then come back to my discussion here, and yes, the title of the Reuters' article kind of says it all. But, still, you see, I am perplexed on what took the IMF leadership so long to make this statement

You know I am indeed a little bothered by the IMF's PR hype. I mean obviously this is going to be an issue, it's been an issue for the last 5-years even before the global economic crash. Last month Brazil's leader stated this in the world media. This year alone, Ireland, Japan, China, USA, South Korea, Mexico, Venezuela, Argentina, Ecuador, Chile, Bolivia, and probably half of the EU nation's leaders have said this.

Anyone who reads the WSJ, Bloomberg, Forbes, FT, Reuters, knows this. It's just amazing that the IMF waits until it's totally PC and in vogue to make their statement - It's like no-kidding - where have you guys been? With forecasting, foresight, and Futurist predictions like this, I wonder who on Earth is running the IMF anyway - Dah! I mean seriously my Dear Sirs.

Now then, there was another article on this topic on September 5, 2010 in the Wall Street Journal entitled; "IMF Talks on Currency Restraints," by Bob Davis - essentially a similar article to that in Reuters, so apparently, what's happening in that the IMF is running press-releases to build brand as some sort of authority - but is it really?

The International Monetary Fund sounds so very impressive but it is small potatoes compared to most first world central banks and it's assistance in only "part" of the Greece bailout was way more than it could handle. So here is a group that is talking the big talk, but really cannot get out of its own way.

They say that those who can't teach, but in the banking sector, those who can't handle it with the big boys, go and get a cushy job in at the IMF. At least this is my current thinking on the matter or at least I am beginning to lean in that direction and line of thinking. Please consider all this.

Lance Winslow is the Founder of the Online Think Tank, a diverse group of achievers, experts, innovators, entrepreneurs, thinkers, futurists, academics, dreamers, leaders, and general all around brilliant minds. Lance Winslow hopes you've enjoyed today's discussion and topic. http://www.WorldThinkTank.net - Have an important subject to discuss, contact Lance Winslow.

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