Monday, December 10, 2018

Christine Legarde discusses global economy



Legarde speaks English surprisingly well. And yet she speaks another language entirely. 

Notably missing is any acknowledgement that Trump is waging genuine economic war against China. Nor does she care about any of that. She sees tariffs simply as impediment to international trade and has figures to prove it, without caring about any imbalances between nations or the harm that does to America. She reduces Trump's realignment to "tit for tat." She has no idea, far less appreciation for what Trump is doing for America. 

Her world is all globalist concerns, international banks, international corporations, international agreement on global warming, international trade. It doesn't matter to her their manipulations that piss off European and American countrymen. Her figures put no emphasis on the struggles of French middle class.  Her worldview cannot acknowledge the IMF is a big part of what yellow vests are protesting. 

There are more important things to know missing from her discussion than present in her discussion. Listening to Legarde makes one a little bit dumber. Her view is actually narrow.

The spreading protests in various forms are disasters for the globalists and in their discussion they either refuse or cannot acknowledge that they are the problem by using climate to pile on layered taxation instead of comprehending epochal ice ages and adjusting to ineluctable climate changes, and by using unchecked immigration to erase national identity and using international trade to wipe out the middle class in their affected countries. 

They don't care about entire industries crucial for individual economies evaporating from nations, so long as international trade in aggregate remains healthy. It doesn't matter to them if China takes over production for the whole globe and does that by stealing intellectual property rights from Americans, so long as things keep being made and sold, and it doesn't matter if corporations control pricing within individual nations by controlling supply through manipulating shortages internationally, so long as production continues and goods continue to be produced somewhere and sold. 

Legarde says she hopes dialogue can continue between yellow vests and government, a dialogue that doesn't exist. She says that she hopes dialogue between China and the U.S. can continue without appreciating what Trump is doing or how long that takes for superpower nations to adjust their economic policies. 

Sidebar.

This is what Trump is doing.

Regarding China, Trump told us repeatedly the tariffs are working. China wants to talk, but Trump says they are not ready. 

He would know by China's tentative proposals that China hasn't suffered enough setback to their intentions on dominating global production to get the type of agreement that Trump wants. 

Trump understands timing, Legarde does not.

China cannot exist and expand without imports. They cannot support themselves by their own agriculture and they need to import raw materials for production. And they need to steal and copy technology, because face it, China is not that great imaginatively. China's economy depends on exports. While the U.S. can support itself with its own agriculture, and can exist with diminished exports. The United States is much better positioned than China for economic war between us. 

Trump understands China better than Legarde and her like care to appreciate about China themselves. Trump knows about the two faces of China what the globalist like Legarde don't even care to know. Trump's concern is for the United States but Legarde's concern is not for France in the same way, rather, her concern is for international balance. The ancient Egyptians would phrase it, her concern is for international Maat and it doesn't matter how individuals thrive or fail by the decisions they make to maintain balance. Trump will succeed by creating and thriving through international chaos. That he creates

Naturally, the forces between globalists and Chinese ambition are antithetical to Trump's vision of restored American middle class.

China will only do what is good for China. Thinking otherwise is absurd. Trump understands that to force China to budge he must move the baseline so China sees an array of options that benefit China. That's what Trump is doing with tariffs; matching the foreign tariffs and non-tariff impediments already in place that damage America. China observes Trump absorb the blows leveled by entities with trillions at stake, the whole world actually, and understand when Trump says tariffs will increase to 25% that he means it. At that point China sees it in their best interest to adjust to the changed situation -- the new international landscape that Trump created through chaos. Then it will be in China's interest to change. And Trump can get to parity in trade between us. Singularly, Trump can do this. No other single person could have done this. 

5 comments:

edutcher said...
This comment has been removed by the author.
edutcher said...

Regarding China, Trump told us repeatedly the tariffs are working. China wants to talk, but Trump says they are not ready.

He would know by China's tentative proposals that China hasn't suffered enough setback to their intentions on dominating global production to get the type of agreement that Trump wants.

Trump understands timing


This is what you get reading Sun Tzu. Trump is better at being Chinese than the Reds.

chickelit said...

She represents The Economist's point of view on the world stage. That is a world without borders, national identities, and traditions. I know because I was a long-time subscriber. The alternative is pretty scary too, but the pigheaded obstinance of her ilk must be challenged. She could prevail if she could compromise.

BTW, Chip. UPS guaranteed delivery of "Voice of the Mummy" by today.

ricpic said...

She has a Queen complex. There is no reasoning with her or the rest of the entitled to rule crowd. At the point at which her grand plan for the planet makes life literally unbearable - as it already has for the formerly middle class now near destitute majority of Frenchmen - at that point there will be numerous violent revolts, as the Nations reassert themselves against the One World Obscenity.

Chip Ahoy said...

Thank you, chickenlittle, I'll look out for it.