Thursday, December 27, 2018

Trade Wars and China

December 27, 2018 By Peter Skurkiss

As President Trump's MAGA policies start to undo the unfair trade practices of China and Europe, he faces a wall of criticism from the global elite who personally benefit from the current arrangements. One of the most commonly heard arguments used to sustain the status quo is that 'nobody can win a trade war.' This line is formulated by highly credentialed economists and then picked up and spread by TV talking heads.

The problem is that line is false.

What is accurate to say is that a trade war, say between the America and China, cannot be won by the U.S. without some short-term pain and sacrifice. That much is true. But as far as winning a trade war, giving the immense advantages America has, it is as Trump said: "Trade wars are good and easy to win." And when the president says that trade wars are good, he means that the long-term benefits far outweigh the initial costs.

With regard to China, without belaboring that country's particular vulnerabilities for now, let's look a fairly recent trade war that America won rather handily. This was with Japan in the 1980s............ To Read More....

My Take - I've been saying this for some time.  We don't need the rest of the world....they need us.  This isn't 1929 and the world's economy isn't the same as it was then and the Smoot Hawley Tariff signed in by Hoover was the real driving force leading to the Great Depression.  We can now feed ourselves, fuel ourselves, arm ourselves, defend ourselves and we're capable of creating our own market, no matter what the rest of the world is suffering.  If the world's economy collapses, which I think it will, America will take a hit, but the recovery will be quick and singular.  As long as the globalist traitors are kept out of power. 

All that 's been said in this article is not new information, nor is it hidden information, so why is it we see all this panic from the media, politicians and "economists"?  Because it doesn't fit their narrative that Trump is an idiot and multiculturalism is essential to America's economic and social health.  In short, they want America to be as economically and socially dysfunctional as the rest of the world. 

No comments:

Post a Comment