It does matter who is right and who is wrong. It impacts the degree of sacrifice that can be expected.
In reality the US is fighting to maintain the "exorbitant privilege" as per de Gaulle. Talk of wanting to balance trade is a misdirection, on the whole there isn't desire for that on the US side. Because stopping the deficit would stop the coinciding printed-money capital flow recycled back to the US. That recycling is the growth model of US financial markets.
The whole arrangement is prima facie unsustainable - it depends on other countries giving their labor and materials to the US, and accepting lower material wealth in the present, in exchange for future claims on assets that necessarily inflate away. Thanks to video content on social media, even the lowliest peasants in the agricultural regions of the US can now understand this pattern. Are they going to tolerate sacrificing their well being for Trump administration's arrogant gambit to extend the charade with threats? Not counting on it.
And we find ourselves in this conflict because of decades of demonisation of China that has been left unchallenged by Western “liberals” who hypocritically point to alleged authoritarianism in China while neglecting the greater evidence of authoritarianism in the West.
The simple fact remains that China is making huge amounts of money off the USA: from the trade imbalance, direct investments, interest on US bonds, intellectual property theft, etc. Experienced businessmen, like Trump, understands the basic reality of “money talks.”
Trump’s history of bankrupting his companies raises the question as to how much his experience in business has taught him. Russian oligarchs buying his expensive condos and houses are what bailed him out of his financial mess. I wonder how much that experience explains his current catering to Russia in the war it started when it invaded Ukraine.
Money is talking in the drop in people’s 401K’s, the drop in the stock markets, and the drop in the value of the dollar. Not tangentially confidence measures
in Americans opinions regarding our economy are also dropping. But, take heart, there’s a rise in Americans inflation expectations. I guess that you think this is all part of Trump’s business plans.
It does matter who is right and who is wrong. It impacts the degree of sacrifice that can be expected.
In reality the US is fighting to maintain the "exorbitant privilege" as per de Gaulle. Talk of wanting to balance trade is a misdirection, on the whole there isn't desire for that on the US side. Because stopping the deficit would stop the coinciding printed-money capital flow recycled back to the US. That recycling is the growth model of US financial markets.
The whole arrangement is prima facie unsustainable - it depends on other countries giving their labor and materials to the US, and accepting lower material wealth in the present, in exchange for future claims on assets that necessarily inflate away. Thanks to video content on social media, even the lowliest peasants in the agricultural regions of the US can now understand this pattern. Are they going to tolerate sacrificing their well being for Trump administration's arrogant gambit to extend the charade with threats? Not counting on it.
And we find ourselves in this conflict because of decades of demonisation of China that has been left unchallenged by Western “liberals” who hypocritically point to alleged authoritarianism in China while neglecting the greater evidence of authoritarianism in the West.
Beijing is eternal.
I wonder how many of the bottom 50% of America will read this.
The illiterate are typically unable to read.
The simple fact remains that China is making huge amounts of money off the USA: from the trade imbalance, direct investments, interest on US bonds, intellectual property theft, etc. Experienced businessmen, like Trump, understands the basic reality of “money talks.”
Trump’s history of bankrupting his companies raises the question as to how much his experience in business has taught him. Russian oligarchs buying his expensive condos and houses are what bailed him out of his financial mess. I wonder how much that experience explains his current catering to Russia in the war it started when it invaded Ukraine.
Wise up against propaganda!
Money is talking in the drop in people’s 401K’s, the drop in the stock markets, and the drop in the value of the dollar. Not tangentially confidence measures
in Americans opinions regarding our economy are also dropping. But, take heart, there’s a rise in Americans inflation expectations. I guess that you think this is all part of Trump’s business plans.
Your President holds office for four years.