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Bits and Pieces – 20180314, Wednesday

Trade  Wars: We are at the early stage of a global trade war. Whether it escalates or can be ended without too much damage remains to be seen.

Today (Wednesday) the new US trade figures came out with the deficit at an all-time high. Trump will use this to entrench his position: Fuel For The Protectionist Fire: US Trade Deficit Surges, Ex-Petroleum At All Time High. The political basis for staging a trade war is presented in the following article: Barclays: Trade Wars Are Economically Costly But “Smart Politics”.

In the meantime there’s not a lot out of our government other than to say that they are not pleased: Trudeau calls Trump’s trade war ‘unacceptable’ as Canadian officials reach out to U.S. administration. Silence on Canada’s part may in fact be a wise strategy unless the silence indicates they have no clue on how to respond.

Bits and Pieces – 20180117, Wednesday

Commentary: In law, hearsay carries little weight. It is the “he said … she said” conundrum. When it comes down to a person’s word, it actually carries little weight. When it might, the credibility of witnesses is attacked vigorously, especially when no other proof of position is available.

A moment of illumination occurred tonight as I watched a video in which the commentator pointed out that there is no evidence that Trump uttered the “shithole” remark about countries that the expression aptly describes. Apparently, the assertion that he made it comes from the Washington Post, a demonstrably anti-Trump source of “fake news”, whose reporters were present at a White House meeting. No audio or video record of the meeting has come to light although the White House has said that they have such, being now standard practice to record all meetings.

That the MSM and the Liberal intelligentsia have had an orgasm over the attributed comment is of no surprise. What really hit me though was the fact that I had assumed the comment was true without any thought or question. I hope I will be more vigilant in the future, even if I do not report anything on the the issue I am considering as s the case here..

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