For some years I've written about Bretton Woods saying it was over, and I stated American companies will start moving back to the US for two reasons. Social and economic stability.
- Demographics is Foundational
- The New Global Virus Is Runaway Government Spending and Debt
- The European Central Bank: Subsidizing Profligacy, Creating Bubbles
Europe is doomed, and nothing is going to prevent that, and Asia isn't much better as China will drag them down, and when China collapses, they'll collapse, and that may include Australia and New Zealand, who will appeal to America for help. Did I say appeal? Let's try beg. Strangely, and I may be seeing more here than is valid, I see Vietnam faring better than the rest as they've made a concerted effort to get in good economically with the US.
George Friedman, owner of Geopolitical Futures, says the world is unanchored, and he's exactly right. I didn't see it quite that way as what I saw was instability at foundational levels. I like his term better, it's so all encompassing.
What I didn't see coming was Trump getting nominated in 2016. And I didn't see Trump imposing massive tariffs, but I should have, the evidence was there. I disliked Trump so much I didn't pay much attention to his views from long ago. As a result I didn't see such a massive effort at trade restrictions and tariffs, all of which I'm in favor of. For a person who prides himself on being able to see farther, deeper, and wider than others, that's an embarrassment.
I’m a forty year veteran of the structural pest control industry who retired about six years ago. But in the previous five years European pest control companies were coming to America and paying four to five times the going rate to buy American companies. There was a lot of talk in the trade journals, and the trade association newsletters about why, and they all got it wrong. Mostly they didn't have a clue, and mostly it was because they don’t pay attention to geopolitics, and they’re stunningly unaware about patterns. So, I told them.
They were coming here to find a safe harbor for their companies as they could see what was happening in Europe socially and economically, and they were scared. And I wrote about it making sure the entire industry got the right answer. It was no surprise to me Klaus Schwab was working to impose the same form of government on Europe as exists in China, and it was heading that way, until now.
There's a problem with being able to see patterns more quickly than others, you draw conclusions more quickly than others, and you can't share your conclusions because they're not ready for them. But no matter when they finally understand, reality will already be playing out, and that will be based on this simple fact. They need us, we don't need them.
This isn't 1930 and the Smoot-Hawley Act isn't the lesson we need for the world economy now. America’s internal market will be solidified by more American manufacturing, some of it coming back to America, some of it will be foreign manufacturers moving here, and some of it will be start ups taking new approaches to American manufacturing, and the good old boy network will be in trouble. And if Trump pays off the national debt, which can be done, that lays the groundwork for massively positive economic scenarios, like ending income tax, which pretty much pays for the IRS, and dumping the IRS.
As we watch this playing out we’re seeing a lot of chumps shooting off their mouths, thumping their chests, and virtue signaling. Then within a week or two, they’re doing exactly what Putin said they would do. Come wagging their tails to Trump whimpering …. “we’ll be good little boys and girls, so please let us play.” Currently seventy nations have asked for negotiations over trade.
Trump’s tariffs are all about putting America first after decades of exploitation - Art of the Tariff Deal: Dozens of Foreign Powers Negotiate for Free Trade Instead of Retaliation
- Time to tariff up: Stop funding our own collapse
One really big plus over these tariffs and trade deals is they're threaten to put the nail in the ‘green’ energy coffin, where hundreds of billions, possible trillions, of dollars has been wasted to impose energy producing systems that are expensive, fragile, and incapable of producing nearly as much energy as is needed. All of which was based on the criminally fraudulent claims regarding global warming.
And in spite of China’s big show this week, saying they're refusing to budge after the US threat of an extra 50% tariff. Treasury Secretary Bessent says China's escalation is a big mistake. And I agree, as I have no doubt China will be there wagging their tail at the door along with the rest. Which will disappoint me to no end as I want to see them revert to a Maoist pre-Nixon economic model. Bankruptcy.
- Update 6:20 PM: Donald Trump to Hit China with 104% Tariffs as Xi Jinping Refuses to Halt Retaliatory Tariffs -U.S. free trade with China, which started at the end of the 1990s when
China was allowed to enter the World Trade Organization (WTO) and given
Most Favored Nation (MFN) status by Congress, has devastated America’s
working and middle class for nearly three decades..........
One more thing. The experts are insisting China will attack Taiwan around 2027. They’re wrong. China Won't Attack Taiwan.
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