Clearly Classical

@clearlyclassical.bsky.social

86 Followers 146 Following

Politics account. Independent. Advocate for traditional progressive conservative values: Freedom, equality, empathy. En français: «Liberté, egalité, fraternité»

One very important, but almost always overlooked point is that there really is no overall deficit (or surplus) for international transactions once we account for both: a) cash flows for goods and services (current account) and b) cash flows for financial assets (capital account)... Another way to think about it is to say that our trade deficits for merchandise are always accompanied by a “foreign investment surplus.”

Graph of Top US Trade Partners (2023)

Screenshot of Twitter post by Acyn @Acyn
Smiley: He made it very clear with PM Trudeau that if Canada can't survive without ripping off the US, billions of dollars every single year, then perhaps they should annex..