This is Trump's primary focus. This right here is what Trump is all about. This is what Trump has discussed, and shared, and sought information about and dwelt upon for the last several decades. It's all in the interviews that he's given before running for president. We are now at the moment where all that comes together. This is the crucial moment. And Trump is prepared.
China is not.
They never saw this coming. They have no real conceptualization about how Trump owns the downside. The tariffs are creating surplus, fund to be used to pay farmers and others affected. Chinese were told by American financial experts that politically Trump would not be able to withstand the pressure.
But those analysts did not comprehend Trump either. Politics is secondary to Trump, realigning America with the rest of the world fairly is Trump's primary focus. They have that reversed so they miscalculated.
Observe Trump wait comfortably. Confident that in time China will realize its best interest is fairness. They cannot do anything until they have this realization. They actually said that. And they're showing Trump it must be provided them the hard way. So that's what he's doing. And Trump saw this coming. That's why he left wiggle room so that he can apply more hurt incrementally. He knows he has to take it to the bottom. And that's where we're at. I think there is one more tranche of imports remaining for him to apply tariffs. They trained Trump how to train them.
Just like my dogs trained me how to train them.
It's true. My dogs trained me how best to handle them to get best results.
It's the exact same thing except totally different.
The aim is zero tariffs and fair trade practices. Even American and global financial specialists can understand that.
Let's observe Trump positively own the downside. He's been preparing for this moment forever. He is comfortable in his expertise. He has lots of practice coopting greed. He is ready.
It won't take long for the pain to burn through. In three weeks, a month max, at billions each month, the Chinese will come to President Trump to renegotiate with reasonable and positive terms.
Did you notice that emphasized in this video? They will come to Trump, not Trump go to them.
It's so easy to be fair back and forth.
Maybe a little harder for communists. Maybe their worldview relies on unfairness. I don't know. But the lesson we're watching acted out right now applies also to all America's trading partners. They all have something to learn. If only they could. And all the squealing they make is resistance to fairness.
My friends are all smart people. Every last one is.
But when it comes to politics their intelligence abandons them. To a person that is true. Every last one of them. So smart and yet so thick.
I do not understand that.
One extremely clever individual, a person with unusual creativity, said, "I read a bumpersticker today that read: "When you elect a clown you get a circus."
Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha
Oh, how they laughed.
Now, see? That's just fucking stupid.
I sat there dismayed my smart friend is so dumb.
What happened to his brain, Wise Guy?
I said, "So now your common shared wisdom is received from bumperstickers.
You're better than that. You're smarter than that. Your sources of information are shit. You need a lot better sources of information. Because you are the clown and the party you've sworn your fealty is the circus.
There is no more ridiculous clown troupe than your party's slate. And they get even more ridiculous each day. You are smarter than every one of them. You are smarter than your sources of information. You are funnier than that bumpersticker.
And if you understood what Trump is doing, and if you were half the revolutionary you fancy yourself being, then you would support Trump and abandon your party."
Oddly, they actually still talk to me.
I must be hard to quit.
7 comments:
It's probably good but too simplistic, which is worrisome.
See Dan Bourdreaux on globalism's argument
https://www.econtalk.org/don-boudreaux-on-globalization-and-trade-deficits/
(2008)
Basically all the money comes back as investment in the US or buying US products, happening about 41 minutes in.
Beware the populist. Skipping over the argument is not good.
It does not all come back in investment.
The exfiltration of American wealth is seen at ground level. The globalist don't care that American middle class shrinks to insignificance while both underclass and super-wealth grow.
And we don't ignore their arguments, we hear them everyday all day long as they ignore us.
Beware the globalist with no national loyalty. They're fine with you being stuck working two jobs to stay afloat, to buy a home, even as the cost of higher education makes it unattainable, as their wealth increases and yours diminishes. As they control the price of your food and commodities and not natural supply and demand, as they keep the cost of pharmaceuticals outrageously high for you but not for countries antagonistic to you, as you worship in your religion, the religion of morals and ethics that built this nation's laws that make this country what it is and they give it all way as they invite religion antagonistic to yours and while they worship power and control. All the while calling you xenophobic, Islamophobic, biased, and everything else.
Beware the globalist who treats international labor as just another commodity so that they can ignore national borders such that diseases once eliminated all return in overwhelming fashion.
Beware the globalist who disenfranchises your vote in your country. Beware the globalist who completely ignores you and your positions and your economic situation and instead offers his own self-serving sophistry.
Beware the globalist who says to you, "well, that's the way it is (my way)," with claims of protectionism for them but not thee are the way of the world and cannot be changed.
Dan Bourdreaux can just suck my dick. I'm not in the mood for more globalist smoke.
The tariffs are creating surplus, fund to be used to pay farmers and others affected.
Did you know we actually ran a surplus last month, and a nice one, $160B?
The newsies are all, "It doesn't mean anything, we're still in debt" (still playing Uncle Saul like that game will still work), but the fact they have to denigrate it means it does.
We've been at least thirty years in imbalanced tariffs and a full range of other non-tariff barriers to free trade but Trump is criticized because one month of his counter protectionism hasn't balanced the spreadsheet.
Trump received the same education we all did about protectionism being a bad and stifling thing.
Yet we tolerate it in our business partners because they've chosen socialism and we've invited communism into favored nation status.
This applies to NATO as well.
Listen for Trump's pedagogy to reverse all of our educations. "I love tariffs. Beautiful beautiful tariffs."
When he does that I'll go, you glorious bastard.
Somewhere along the way he has seen the light. Do to our so-called allies what they all do to us until they cry "Uncle" and they insist on free trade. So we renegotiate to new terms equally advantageous to us all.
A level playing field that should appeal even to globalists well settled in their transnational manipulations.
While the aim is to eliminate barriers on both sides. All of them. All sides. All barriers to free trade. Genuine competition where Americans can excel, not handicapped competition such as we have now to our tremendous, obvious, observable, disadvantage.
Americans made the Chinese middle class. Americans made the Mexican middle class. At the expense of America's middle class. Our middle class was sent to other countries. My hero Milton Friedman would take the side of the globalists, but he died before American middle class was frittered away.
Here is something to think about. I learned quite a lot in college. That really was an excellent compression of educational experience. That was immediately before the internet, that wants information to be free. And I learned a million x more for free over the internet than I ever did in any college classes and by reading college textbooks as if they were novels.
Maybe 2 x more. Maths aren't among those things learned for free.
Yet, instead of cost of college education coming down as it logically should, it increased exponentially. And it was terribly expensive then. But even far more so now.
That means the entire educational system is corrupted purposefully to keep it exclusive. Layers and layers of college administration that add nothing at all to education.
While societal advances make advanced education required, the cost of that education steadily increases unreasonably. Putting pressure where it needn't be put. Making young people actual slaves to our system for decades. Delaying homeownership. Delaying marriage. Delaying childrearing. Delaying success. I've beheld this pattern with my own eyes and it makes me ill. As we criticize young people for staying home so long, denigrating them as inhabiting their parent's basement unable to break free.
And I feel very real pity for young people trying to get educations we demand of them, trying to get married, trying to enter the real estate market all put out of reach. Yet they do overcome all of that. They amaze me. They have my respect.
The problem with free trade is what to do about currency exchange rates and money supply. Too many central banks. The EU has that problem solved badly - different countries need differing money supply changes but only one central bank to do it. Which country do they do the money supply to advantage. Germany or Greece.
The usual talk along those lines mentions competitive devalualation and exporting unemployment.
Which is to say that free trade isn't as simple a thing as imagined.
Tariffs can be part of isolating countries from competitive devaluations, or it can just be potholes in the trading roads, and the fewer of them the better, even if your trading partner only puts potholes in the import road.
The media should take China's side and show that China does in fact play fairly and that Trump is making this all up because he's sinophobic. That's exactly what I'd expect from our so-called media. Thomas Friedman can lead the charge, invoking Uncle Milton.
rh says "Beware the populist." The globalist has hollowed out America and we should beware the populist? Tariffs are just the thing: kick China, the globalist darling, in the teeth. Anything less and it will be business as usual, including continued massive industrial theft by the globalist darling.
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