President Trump Leads The ‘Great Trade Awakening’…

One of the greatest gifts President Trump provides through his policy discussion(s) is an awakening to how much U.S. voter perspective has been driven by constructed fallacy.

This is especially true in the discussion of domestic economic policy.  There are trillions of dollars at stake; and the stakeholders are growing increasingly angry as President Trump places a spotlight on decades of economic fraud and abuse.

Prior to the 2016 election few people understood that DC politicians don’t actually write legislation, lobbyists do.  Politicians don’t write laws, their role is to sell legislation created by lobbyist groups.  That is the modern legislative model; that’s how it really works.  Unfortunately the same bastardized and manipulated process has happened around trade deals and trade agreements.

In modern trade agreements, before the election of President Donald Trump, corporations would write the actual language within the deal.  Corporate lobby groups like the U.S. Chamber of Commerce, have fully functioning staff that do nothing except write the trade agreement language.

If a multinational corporation wanted to increase its value, it simply needed to pay the indulgency fee to the U.S. CoC and the massive lobbying group would create language inside the agreement to assist their interest.   Note the corporation didn’t need to be U.S. centric, currency is multinational.  The U.S. CoC then pays politicians, both democrats and Republicans, via campaign contributions for the trade controls.  People can debate the nuance and intersections of governmental bureaucracy within the process; however, peel all the skin from the onion and this is how it really was working.

Then came President Trump.

Much like the November 2016 election showed how there were no legislative lobbying groups in DC who aligned with President Trump’s legislative agenda, hence no MAGA laws at the ready, the same is true for international trade agreements.  The election of Donald Trump disrupted the entire process.  The Office of the Presidency was now looking out for U.S. worker and economic interests; the U.S. CoC lost all influence overnight.

In the decade prior to November 2016 can you remember who the U.S. Trade Representative was?  Even just one of them?  Or how about any U.S. Commerce Secretary since 2000?  …..See the point?  They were irrelevant to the process.  The executive branch and the legislative branch willingly abdicated their trade positions in exchange for financial payments from corporations direct and indirect.

With enough money thrown into the process politicians became multimillionaires; and even the administrative state benefactors circling the politicians could easily get rich. A fantastic gig for the DC crowd.  Who could resist?

Notice all of those DC retirements lately?   Not, unrelated to the Trump-effect.

Have you ever really elevated high enough to contemplate what underlies the opposition to candidate Trump, President-elect Trump, or now President Trump?  March 2016, Sea Island, Georgia ring a bell?  I digress…

Bottom line, there are trillions of dollars at stake; there has been approximately 20 years of selling U.S. trade and economic policy; the functionality of much of the worlds political power brokerage was/is dependent on retention of this system of financial control and influence.   Almost all economic trade discussion was centered around hiding this simple truth.  Entire fallacies of false choice were, purchased, constructed, created and put into print within economic text books. [Authors well compensated]

As CTH has been sharing, long before Trump, it is all based on a series of necessarily growing lies.  Each new lie bigger than the one before it, because the irreconcilable truth needs to be hidden, conflated and obfuscated.

An example of a fallacy of false choice you might find familiar:

Corporate outsourcing is due to manufacturers looking for cheap labor; … AND … also, job losses are due to automation.   See the problem?

If automation replaces labor, then why move the manufacturing process?  The argument doesn’t add up.  Confused? Don’t worry, you’re supposed to be.

If you don’t think the effort at selling economic nonsense has corrupted even generally intelligent people, allow me to present an audio-visual example from yesterday. Pay attention to this abject nonsense closely.

I’ve prompted the video to 40:27 so you can just click for a 30 second soundbite.  Seriously, this is an important watch:

Did you hear that?

“Foreign investment is the inverse of trade deficits, because all of those trade dollars have to come back to America somehow.  The bigger the trade deficit, the more foreign investment you get”.

I shall break it down, but re-read it again because it’s important to see just how good the psychological gaslighting has been.  Jonah Goldberg isn’t stupid; but he actually believes what he just said.  He really believes it.

“Foreign investment is the inverse of trade deficits”…

If this were true, Africa would be the world’s dominating economy.  The actual inverse of trade deficits is higher taxes and printing money. The wealth redistributed in trade deficits must be made up somehow.  If trade deficits were great to have Africa would be the world economic power.

“because all of those trade dollars have to come back into America somehow”…

Says who?  This sounds like something heard at a cocktail party that seems intellectual, but is abject silliness.  The use of the magic “somehow” is a tell.

“The bigger the trade deficit, the more foreign investment you get”…

That part is the biggest bunch of nonsense ever stated.  If deficits were so wonderful, everyone would want them, right?  Again, see Africa.

In fairness to Goldberg what is behind his statement is a belief you hear, albeit wrongly stated, all the time. What he’s saying is that dollars spent on purchasing foreign goods come back into the U.S. by way of reinvestment or debt purchase.

However, Goldberg makes a fatal mistake in defining what “foreign investment” means to him; instead of understanding what President Trump means when he says “foreign investment”.

♦Goldberg is defining “foreign investment” as money returning to the U.S. via corporate profits on Wall Street and/or the purchase of U.S. debt via treasury notes.

♦Trump defines “foreign investment” as money spent actually building Main Street factories, physical plants, and creating U.S. jobs.

These are two entirely different reference points.

Under Goldberg’s definition of “foreign investment” Wall Street is the benefactor.  That benefit may or may not ultimately end up on Main Street.  Under President Trump’s definition of “foreign investment” the benefit ONLY ends up on Main St.   See the cognitive difference?

Goldberg is selling the U.S. Chamber of Commerce economic trade fallacies because that’s all he, and his entire tribe, know.  They have never questioned the underlying assumptions and have swallowed 30 years of trade nonsense.

This is how pervasive the economic lies have been for almost a generation.  It’s pretty darned sad when you witness those who believe it.

Only one person is strong enough to break through these lies….

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This entry was posted in ASEAN, Big Government, Big Stupid Government, Canada, China, Decepticons, Dem Hypocrisy, Donald Trump, Economy, Election 2018, European Union, G7, Legislation, NAFTA, President Trump, Trade Deal, Typical Prog Behavior, Uncategorized, US dept of agriculture, US Treasury, USA. Bookmark the permalink.

222 Responses to President Trump Leads The ‘Great Trade Awakening’…

  1. larry says:

    If you want to see what rules based trade looks like, read these articles about Canada’s “Allies”…

    https://www.producer.com/2018/05/durum-sales-to-italy-slow-to-a-trickle/
    https://www.producer.com/2018/05/will-ag-trade-bear-brunt-of-chinas-retaliation-for-aecon/

    It’s funny how Trudeau is willing to “go to the mattresses” regarding steel, aluminum and dairy products, but willing to sacrifice other sectors of the Canadian economy.

    You don’t want him “having your back”.

    … It’s all politics…

    Liked by 9 people

    • fleporeblog says:

      What Chris Wallace and the rest of the MORONS on that panel don’t understand is that our President used that comment about having Russia 🇷🇺 join the G8 as a test for the new PM of Italy 🇮🇹, Giuseppe Conte. The new Italian Government has a great relationship with President Putin and Russia 🇷🇺.

      Our President sent a tweet out that said Giuseppe Conte passed the test with flying colors.

      It also destroyed the G6 +1 BS that was being discussed in advance of the meeting.

      Folks the European Union is in some serious trouble that they will not be able to recover from! It has nothing to do with Brexit. It has everything to do with the new Italian Government.

      The Italian Leadership is much more aligned with PDJT than they are with other EU
      nations.

      The tweet and video below shows you why the EU is in danger:

      From the article linked above:

      President Donald Trump praised Italy’s prime minister Giuseppe Conte following the G7 summit in Quebec, Canada, calling the new leader “a really great guy” Saturday.

      “Just met the new Prime Minister of Italy, @GiuseppeConteIT, a really great guy. He will be honored in Washington, at the @WhiteHouse, shortly. He will do a great job – the people of Italy got it right!” Trump tweeted.

      In comments published on his Facebook page Saturday, Conte again echoed Trump by saying it was in no one’s interests for Russia to be kept out in the cold and that the G7 would have to become the G8 once more “sooner or later.”

      Liked by 8 people

      • Robert Smith says:

        Instead of being deported from Italy, why wouldn’t they just migrate to other parts of Europe. Doesn’t the EU have open borders within? Flood the rest of the EU and see them uphold their mantra.

        Liked by 1 person

    • iwasthere says:

      Everyone of our trade ‘partners’ has domestic politics involved – good guess – Canada has a great dairy lobbyist. So yes, Trump is finally the one and only to stand up and say ‘not fair’ hence the political blowback in these respective ‘trade partners’. The cold war justification – all the way back to Eisenhower – is over – love my President!!

      Liked by 1 person

  2. scott467 says:

    “If you don’t think the effort at selling economic nonsense has corrupted even generally intelligent people, allow me to present an audio-visual example from yesterday. Pay attention to this abject nonsense closely.

    I’ve prompted the video to 40:27 so you can just click for a 30 second soundbite. Seriously, this is an important watch:”

    __________________

    Goldberg does not even allow for the possibility that he might be wrong. Even in the face of all of Trump’s undeniable successes.

    That would seem to exclude Goldberg from those referred to as ‘generally intelligent’.

    Liked by 8 people

    • Sharon says:

      As long as he has an audience willing to be deceived (and he does), he’s content.

      Like

      • thedoc00 says:

        I do not agree its people so much willing to be deceived as people not well versed enough in economic and industrial systems to actually understand the issue. I venture to guess that many of us on CTH have some level of experience in business as well as some level of basic business and economics education. Thus many of the CTH faithful have at least a basis of understanding.

        Liked by 2 people

        • Westernwhere says:

          I believe that it is failure to examine underlying assumptions. Possibly an inability to question authoritative knowledge. I’m loving all the knowledge I’m getting on trade here because the evidence presented dovetails perfectly with the incongruities I have personally observed.

          Not many want to be an iconoclast because it gets you tossed out of the in group. I think that a big failing of academia, politics and bureaucracies in general is group think. If you don’t buy in you get run off, unless you keep your head down and even then you still get indoctrinated somewhat.

          If you are outside of those groups, then you have less social control of your ideas and less social cost for being an independent thinker.

          Like

          • In other words, we often choose to not examine those ideas that it is more convenient to embrace in order to gain acceptance among those we perceive to be a source of benefit to us.

            Like

            • Westernwhere says:

              Exactly. I sometimes push people to examine what I know they are avoiding thinking about, which is obvious because they are talking all around the issue. All they need is permission to recognize the issue and the floodgate open.

              People don’t like being in those kind of situations. It eats at them despite the benefits, it has costs.

              Liked by 1 person

        • Sharon says:

          By “willing” I specifically do not mean “knowingly”.

          Ignorance, regardless of the reason, is a primary component of the willingness to be deceived,

          Like

        • skifflegirl says:

          I think you’re right thedocoo. I’ve been visiting CTH since 2014 and I’ve always been able to clearly comprehend Sundance’s deep dive’s in to the economics of globalism vs Main Street. Maybe it has something to do with age, as I’ve been an adult since the early 1980’s when we still had a Main Street economy vs a phony paper, globalist economy. I honestly didn’t understand a word that Jonah Goldberg said. It was gobbledygook like the adults talking in a Charlie Brown cartoon. The moment Goldberg brought up ‘foreign investment’ I thought he was talking about Asian telecoms investing billions of dollars in US factories, These people are speaking a different language. They speak Globalism because it’s all they’ve ever known.

          Like

    • Westernwhere says:

      Be sure to check out his recent appearance on EconTalk. During which he promoted his new book and his head-snappingly contradictory viewpoints within.

      So much cognitive dissonance.

      Like

    • thedoc00 says:

      Keep in mind Goldberg and the vast majority of the Media (right and left) as well as ALL congressional members (especially Democrats and eGOP) equate the economy with performance on Wall Street. With very few exceptions, the reporting of the media, pontificating of congressmen and so called economic experts is done in this exact context. It has been that way ever since performance of markets has been followed. That is how folks get rich working in the government.

      Jobs = negative numbers on the balance sheet.
      Taxes = negative numbers on the balance sheet.
      Investments = negative numbers on the balance sheet.
      etc. etc.

      Businesses that thrive minimize these numbers. Thus our “allies” and “Trade Partners” structure “free” trade deals to insure those numbers are minimized within their borders at the expense of a shrinking jobs and industrial capacity inside the USA. That is why Wall Street Internationals support democrats and eGOP 100%. Obama for 8 years (and socialism, benevolent Chines totalitarian government, and similar forms of government) used redistribution via taxes and regulations to sustain a middle class tax base. He and his academic friends forget or ignored that when you wreck the domestic industrial base there is a corresponding massive decline in the tax base (hence $15 trillion dollars of new national debt) because citizens have no money to pay taxes and there NO tax coming from the out-sources domestic industrial base.

      President Trump at this point in time is the first elected president (national leader) in modern history to represent the and advance the interests of the mainstream economy.

      Liked by 2 people

      • Uncle Max says:

        Good points. I’d add, the DC corridor and all around it never experienced any slow-down… it’s been jobs and money and new opportunities and parties and conferences and talk shows and panels. They live in a bubble … of elites , and swells, and diplomats and media. Tucker used to mention this. They mostly have zero idea or affection for what goes on in the rest of the country. Jonah epitomizes the beltway “conservative”… #neverTrumper..

        Like

    • Westernwhere says:

      I’ve been listening to KCRW’s Left, Right and Center, which I like to refer to as Left, Left and Left of Center. Being that they are out of San Fran it’s not surprising that the “conservative” is not really.

      At any rate, constantly, constantly, constantly wrong. Fundamentally wrong, it’s so bad and they just don;t realize that almost everything that say is just empty verbiage. Icing on the cake? They had bug-eyed seditious conspirator Evelyn Farkas, currently of the Atlantic Council, criticizing Trump’s NoKo strategy. As if she has any bonafides at all and every single person on the panel agreed with her.

      TDS and Dunning and Krueger effect are a heady mix.

      Liked by 1 person

    • Kaiser Derden says:

      Goldberg has done nothing but write his entire adult life … he is a hothouse flower with no appreciation of the real world … most of the NRO writers are just like him … he presumes to lecture a billionaire on economics and trade … what a self unaware idiot … (and still a nevertrumper)

      Liked by 2 people

      • Your Tour Guide says:

        The ones past 50, (who were around when we HAD industry),
        would never have deigned to be around anyone actually working
        in it. They also had the accepted mindset that industrialists were
        evil. The “Robber Baron” mindset. So, it wasn’t on their radar,
        except to belittle.

        The ones under 50 have never been around it to see how it truly
        works. When it starts coming back , as it currently is they take the
        word of those in their field that are past 50. So….. both age groups
        are dead wrong. By choice:lack of association with the great
        unwashed, never witnessing how it works to get their mind
        around the concept.

        Like

  3. vikingmom says:

    Jonah Goldberg, along with most of the MSM, and a vast majority of those who have received Econ degrees over the past 30 years need to answer ONE simple question.

    Over the past four decades, we have shipped most of our manufacturing jobs overseas and have accumulated a massive trade imbalance with the rest of the world. Has the American middle class benefitted or been harmed by the policies that led to our current economic condition?

    Bonus question: If the middle class did NOT benefit from these policies, WHO DID?? (Hint: take a look at the Net Worth of the members of Congress and their families, especially relative to what they had when they were elected!)

    Liked by 6 people

    • JMC says:

      Who benefited? Those Congress creatures you mention AND the Democrat socialist party. Because if the middle class is destroyed, socialism is inevitable. That is the Dem plan, and now the cuckservatives have joined them because they are getting rich along with the Dems. And the middle class gets fleeced and destroyed. Result: Socialism and rich Congress traitors.

      Liked by 3 people

    • Angel Martin says:

      “Has the American middle class benefitted or been harmed by the policies that led to our current economic condition?”

      D-bags like Goldberg try to simultaneously argue that everyone is better off under “free trade”, and Trump’s blue collar supporters get what they deserve because they didn’t go to the right grad school….

      I sat thru all those university econ classes, and I knew “free trade” was BS even before NAFTA was signed.

      Like

    • Paco Loco says:

      The fast tract to full automation is here. All the service jobs that replaced manufacturing jobs are now in the process of becoming fully automated. Robots are replacing humans at an incredibly fast rate. Soon there will be no jobs at McDonalds, no burger flippers, no front counter order takers and the automated cashier will only except debit/credit cards. No cash transactions. The same with modern Manufacturing. Factories will be fully automated and managed by AI. The writing is on the wall. Labor is in for a big world of hurt.

      Liked by 1 person

    • Deplorable_Infidel says:

      “(Hint: take a look at the Net Worth of the members of Congress and their families, especially relative to what they had when they were elected!)”

      Liked by 3 people

  4. This is phenomenal analysis.

    Liked by 2 people

  5. Goldberg was a never trumper in 2015 and still is! Is he going to change positively towards POTUS? No way! This is why I don’t watch fox news Bret or anyone’s show! He is a water boy for BUSH royalty!

    Liked by 2 people

  6. Donna in Oregon says:

    Did Wilbur Ross discuss this trade issue? I don’t think he has. What happens to all the patents on the seeds grown in America? Are we going to go back to the seeds that are harvested, and normal now?

    I know the EU approved the anti-trust issue and now the USA has approved the anti-trust issue of Bayer buying Monsanto. So it’s a done deal.

    What I don’t understand is why Germany would buy a seed company when GMO products are banned in the EU. Monsanto was quick to sell (all cash deal Sept. 2016) before President Trump came into office.

    I don’t understand this deal. Many farmers freaked out about it. Especially cotton farmers in Texas. Did President Trump getting rid of Monsanto in the USA to get rid of GMO’s in our food supply?

    https://www.nbcnews.com/business/business-news/bayer-reaches-deal-u-s-approval-buy-monsanto-wsj-n864091

    and then this guy says not a single Senator brought it up:

    http://thehill.com/blogs/pundits-blog/energy-environment/338085-agriculture-giants-bayer-monsanto-merging-could-ruin

    And then this is what is really all about. Altered genes in our food….

    https://www.gmwatch.org/en/news/latest-news/18195-usda-is-flying-blind-on-genome-edited-crops

    Like

    • JoAnn Leichliter says:

      Bayer is a well-established presence in the Agricultural market in the U.S. and has been for quite some time. The Monsanto brand name will disappear, but the company will not be moving to Germany any time soon. Bayer does a lot more than make aspirin.

      Like

      • SharkFL says:

        I want to learn more about Bayer. I have heard bad things for awhile, but would like to see the Trump Administration bring this to light, along with all of the other pressing issues now starting to see sunlight.

        Like

    • Deplorable_Infidel says:

      ” Altered genes in our food…”

      How Farmed and Frankenfish Salmon Endanger Our Most Perfect Food
      By Joseph Mercola

      “In November 2015, the U.S. Food and Drug Administration (FDA) approved AquaBounty salmon, a genetically engineered (GE) “frankenfish” that’s being touted as a way to solve overfishing and world hunger. The GE salmon are engineered to grow about twice as fast as typical farm-raised salmon, an eerie feat achieved by inserting the DNA from two other fish, a growth-promoting gene from a Chinook salmon and a “promoter” gene from the eel-like ocean pout.

      This genetic tweaking results in fish with always-on growth hormone, and because they grow so much faster than other salmon, they also require less food. The fish are being grown on land and have several other supposed safeguards in place to prevent both escape and breeding with wild populations but, in nature, nothing is foolproof.

      If you live in the U.S., the fish haven’t reached grocery store shelves — yet — but there’s a chance they could become the first GE animal food to be sold in the U.S. to date, with completely unknown consequences…..”

      https://www.lewrockwell.com/2018/06/joseph-mercola/dont-eat-this/

      “….Choose Wild Salmon for Your Health — and the Environment

      If you’re wondering how can you tell whether salmon is wild or farm-raised, the flesh of wild sockeye salmon is bright red, courtesy of its natural astaxanthin content. It’s also very lean, so the fat marks, those white stripes you see in the meat, are very thin. If the fish is pale pink with wide fat marks, the salmon is farmed. Avoid Atlantic salmon, as typically salmon labeled “Atlantic Salmon” currently comes from fish farms.

      The two designations you want to look for are “Alaskan salmon” and “sockeye salmon,” as Alaskan sockeye is not allowed to be farmed. So canned salmon labeled “Alaskan Salmon” is a good bet, and if you find sockeye salmon, it’s bound to be wild. As for GE salmon, if it comes to your grocery store it’s not currently slated to be labeled as such, but it’s another variety of Atlantic salmon, so steering clear of Atlantic salmon in favor of wild varieties will help you steer clear of adding this frankenfish to your dinner plate.”

      Liked by 1 person

    • Kaiser Derden says:

      oh good lord … GMO anti-science nonsense ???? really

      Like

  7. Dutchman says:

    5 wealthiest counties in U.S.

    NUFF SAID

    Like

  8. zooamerica says:

    I wonder if President is offering the kind of trade deal Kim Jong Un can’t refuse?
    The kind of deal that North Korea would happily give up their nukes in a heartbeat for…

    My gut tells me that President Trump wants to make North Korea a major US trading partner and great friends, like South Korea and Japan.

    President Trump knows that China is America’s biggest economic obstacle. Winning over North Korea without a war would be the centerpiece of the president’s plan.

    My guess is that Kim Jong Un is very aware of how badly China has treated North Korea.

    I think he is sick and tired of living under their big thumb.

    Just by walking through the streets of Singapore last night…I think young Kim knows the obvious difference.

    The opportunity for North Korea to break free from China is now.

    Liked by 4 people

  9. Child of Morning says:

    However many times I’e watched and listened to Wall Street Journal types on Fox and Fox Biz go on about free trade I’m left with the impression that they are just regurgitating what they believe to be a truism. A mantra. Tariffs and Trad Barriers are bad for the economy, they only hurt the people who pay more for goods and services and benefit only the government because Tariffs are a tax that swells government coffers. Much of this is demonstrably true. I am still waiting for the question to be asked and answered – “Explain China – super high trade barriers – super high growth for a super long time – more billionaires than the US – what gives?”. My assumption is that the knee-jerk free traders couldn’t put together one coherent sentence in reply.

    Liked by 3 people

    • highdezertgator says:

      CFTDS = Conservative Free Trade Derangement Syndrome… they (Goldberg, Levin, et al) believe their own made up BS … “Trade is older than the state” F A Hayek

      Liked by 2 people

  10. MaineCoon says:

    ‘“Foreign investment is the inverse of trade deficits, because all of those trade dollars have to come back to America somehow. The bigger the trade deficit, the more foreign investment you get”.”

    All credit to Sundance University for me to yell “that’s a lie” at my PC the moment he spoke those words. What did candidate Trump say at his rallies — was it $6TT (?) off shore and then Sundance explained it to us. I have a very hard time even believing these people don’t know what they say is totally untrue.

    They are all getting left behind in the dust. Trump World is moving as lightning speed. They will never catch up, because they missed the entire foundation.

    Oh well. Bye Bye.

    Liked by 3 people

    • Angel Martin says:

      ‘“Foreign investment is the inverse of trade deficits, because all of those trade dollars have to come back to America somehow. The bigger the trade deficit, the more foreign investment you get”.”

      Not true. There is now more than 10 trillion dollars worth of loans made by non US lenders to non US borrowers, outside the USA.
      https://www.bis.org/publ/work483.pdf

      The massive trade deficits are a continuing source of funding to roll over those loans. However, the interest rates tend to be floating (often tied to LIBOR) so when USA rates rise, all these sketchy 3rd world dollar loans are more at risk.

      Some emerging markets (India, Indonesia) are already screeching that further US interest rates will throw them into default.

      If the USA economy starts to grow strongly, and US interest rates go back to “normal” levels (ie. real short rates >0), a lot of that eurodollar debt (Trillions!) is going to default.

      To a degree that is not appreciated, much of the world now has a financial interest in having the USA economy as weak as possible, growing as slowly as possible, with ultra low interest rates for as long as possible,

      Sundance says that there are trillions at stake. Absolutely correct. Trillions at stake in trade. More trillions at stake in eurodollar loans going into default.

      Liked by 1 person

    • 🍺Gunny66 says:

      It’s like they are standing on the side of the railway tracks and as the train speeds by them, they are yelling;

      “Stop…. you can’t go that fast…….Stop….we want you to get off that train”

      And all of us are inside zooming down the track….our President is driving and we are inside…..just smiling…..eating popcorn….saving money….and having covfefe …

      Experiencing History in the making……while we pass up all those yelling at us from along the tracks.

      “What are they yelling?” as we speed on by….”Who cares”

      “We are on our way”

      Liked by 4 people

  11. I understand Sundance is being very gentle with Jonah Goldberg. However, Jonah is a complete fraud and his latest worthless book is neatly dispatched by Paul Gottfried : https://www.unz.com/pgottfried/gottfried-on-goldberg-suicide-of-the-west-or-of-conservatism/

    Liked by 2 people

  12. zooamerica says:

    “The bigger the trade deficit, the more foreign investment you get.”

    The bigger your debt, the more foreign vultures you get.

    Liked by 1 person

  13. zooamerica says:

    http://www.dailycaller.com/2018/06/10/merkels-g7-photo-didnt-share/

    The Fake News didn’t show that picture…

    Like

  14. Piggy says:

    There is no “free trade”. We don’t even have “free trade” state to state (see non-pasteurized milk as an example). Rules and rules upon rules on trade is the opposite of “free”. These clowns created this to make themselves wealthy and are trying to again. Creating markets like “green energy” to further sap tax dollars and any money we might have or want to keep. Bring on the tariffs! Maybe even call them “Levin Tariffs” since he’s loves them so much (sarc). POTUS and his crew have a lot of work to do.

    Liked by 1 person

  15. NC Nana says:

    One of the advantages of being old enough to be called Nana is that I remember when Made in America was standard labeling. We have all the closed manufacturing buildings in our community to show where the work was done “in the old days”.

    Thank for pointing out the nonsense of Jonah Goldberg’s words Sundance.

    Thanks too for limiting the watch time down to 30 seconds for Chris Wallace and Jonah Goldberg. I was watching the timer while Goldberg was talking so I could cut if off when the economics lesson was done.

    (P.S. Tried to watch the Chris Wallace video yesterday with Peter Navarro but had to shut it off. I was interested in what Mr. Navarro was saying but Wallace was too much to tolerate. After shutting it off I gleaned as much as I could from the rest of the post and comments.

    I like it way better when Maria Bartiroma hosts the Sunday discussions.)

    Liked by 1 person

  16. DH says:

    I gotta say, what an education on this site. Thanks everyone and Sundance.

    Liked by 2 people

    • 6.5 creedmoor says:

      I’ve learned more in 2 years of following Sundance than I ever did in school . I come her at least 20-30 times a day to await a new post and learn more . I’ve probably turned 10 to 15 people onto CTH .

      Liked by 5 people

  17. Brian says:

    What an incredible overview SD. Thank you. Every day I visit this site and learn so much, and every day I gain insight into the genius and pure commitment of of Donald Trump. The man is incredible.

    The video says it all. Luckily many see Wallace as a bought and paid for twerp and pretty much no one has any respect or regard for bitter nevertrumper Goldberg

    Liked by 2 people

  18. Texian says:

    Oh man, I don’t watch Fake News at all so that was hard to watch.. where do I start..

    Do y’all see the whole setup by Fox News? (And any MSM Propaganda Fake News Networks for that matter). They create the perception they have covered all angles – so the simpletons that are watching think they can only choose from three choices presented.. Goldberg’s Wall Street/COC, Elrod’s “democratic” view, and Chaffetz “republican” view – who agree with each other..

    Is something missing here in this “discussion”? Another angle?

    How about Main Street America’s angle? The view from The People.. It is conveniently left out of the discussion as an option.. simpleton’s and those with BCS don’t even know that ‘huge variable is out there..

    And they have the gall to criticize Russia – FOX, CNN, etc. they are all America’s Propaganda Pravda. The MSM has much more in common with Russia than Sir Trump ever will.. It’s all propaganda folks..

    This propaganda clip reminded me again why I don’t watch Fake News at all unless I want a few laughs.. And pointing out the dark root hair color of fake bleach blondes, they are rampant on FOX. For liberals who disparage and try to guilt trip whiteys’ – they sure do like coloring their hair to look like Aryan women don’t they.. Fake News.. Fake Aryans.. It’s all Fake..

    For comparison, here is a classic genuine Aryan example, Finland’s Laura Hutassaari.. Very nice..

    Liked by 3 people

    • Tripp Fields says:

      Actually I think the so called aryans were just the Nazi’s term for anyone who’s not Jewish (i.e. a gentile).

      Like

  19. coltlending says:

    Jonah Goldberg probably believes it was a good thing the USA sent pallets of Cash to Iran and borrowed money to do it.

    He’ll also sell you the line illegal immigrants contribute more to the economy than they consume.

    If that were true then why are large Sanctuary City’s so in the red.

    Sundance….how a bout a contribution button to commission the cartoonist Branco to do the artwork for a Sundance University tee-shirt?

    I want one and would pay good money for it…just a thought.

    Soldier on Superdude.

    Liked by 2 people

  20. leebelieu says:

    The last line by Sundance made me think of the 90s series opener to Hercules.

    “This is the story of a time not long ago, when the feckless elites were petty and cruel and plagued Americans with suffering. Only one man dared to challenge their power…his name was Trump.”

    Liked by 3 people

  21. Kaiser Derden says:

    the Goldbergs and Levins of the world can’t see past their nose and just repeat tariffs are bad tariffs are bad until your ears bleed … and if the tariffs where permanent they would be right … the tariffs aren’t permanent, are not intended to “protect” anything. They are designed to CHANGE behavior … so they are wrong and ignorant all at the same time …

    Like

  22. ZurichMike says:

    I gave up on Jonah before the election. An utter gasbag.

    Like

  23. ‘“Foreign investment is the inverse of trade deficits, because all of those trade dollars have to come back to America somehow. The bigger the trade deficit, the more foreign investment you get”.”

    No, those trade dollars don’t all have to come back SINCE THE US $ IS A RESERVE CURRENCY.
    That means just about every reserve bank on the planet keeps US $s in their vaults instead of the gold they used to keep when gold was used as a reserve.
    Those US $s are used as trading currency between nations, which keeps those $s permanently OUT OF THE US.
    This is why (as was exposed recently) Iran needed to convert their Yemen investments into US $s in order to buy stuff with it.

    Here is the sequence that may make it more clear.

    1-) You (American) buy Chinese junk with US $s
    2-) The $s end up circulating around the globe in trades instead of coming back to the US.
    3-) The junk you bought ends up in the dump, either because it broke or you upgraded (smart phone, computer etc)
    4-) You end up with no $s and no junk, making both you and the US as a whole that little bit poorer.

    If all those $s were coming back to the US as J Goldberg suggests, then the US economy would be closer to $30 trillion by now. It’s not because those dollars are NOT COMING BACK.
    VSG POTUS DJT is doing his best to bring most of those $s back to the US to MAGA.

    Like

  24. In regards to Adrienne Elrod on MTP. She’s seeing Putin everywhere. I plead with you fine folks. I’m willing to take one for the team here. Give me 10 minutes and she’ll forget all about this nonsense and plow BSR’s fields – make his supper – give him a sponge bath….you get the idea. 😎

    Like

  25. On his best day, Jonah Goldberg is an intellectual lightweight.

    Like

  26. Jeff P. says:

    Couldn’t President Trump & Co. take all of these companies etc. under RICO since they are done with foreign companies? at least some of them. I mean if these people are that blatantly ripping off the American people are not made to pay by the Government, will not “We the people” Take those Trillions of dollars back from these crooks?

    Like

  27. Cheri Lawrence says:

    Excellent article, exactly right. Love the title hahahaha!!

    Like

  28. Tripp Fields says:

    Wow! According to Jonah Goldberg if I throw money in a fireplace and burn it that money will come back to me because “it’s got to come back somehow”.

    What a damn moron.

    Like

  29. Thank you Sundance. This may be one of the most succinct articles I have ever read about what has happened to our economy/country. I have emailed the link to several friends who “just do not get it” (liberal, progressive (in their words), or totally brainwashed by the incessant barrage of propaganda from the main stream media (note – my wife and in-laws are Canadian and except for possibly 2 or 3 are almost beyond hope). Of my friends here in the United States of America who I sent this link to I requested they have an open mind and read the article at least 3 times slowly. My hope is they will become “woke” or possibly do some research on their own.
    Again – THANK YOU Sundance and God Bless.

    MAGA

    Like

  30. There are people in this country who work hard every day
    Not for fame or fortune do they strive
    But the fruits of their labor are worth more than their pay
    And it’s time a few of them were recognized

    Hello Detroit auto workers, let me thank you for your time
    You work a forty hour week for a livin’, just to send it on down the line
    Hello Pittsburgh steel mill workers, let me thank you for your time
    You work a forty hour week for a livin’, just to send it on down the line

    This is for the one who swings the hammer, driving home the nail
    Or the one behind the counter, ringing up the sale
    Or the one who fights the fires, the one who brings the mail
    For everyone who works behind the scenes

    You can see them every morning in the factories and the fields
    In the city streets and the quiet country towns
    Working together like spokes inside a wheel
    They keep this country turning around

    Hello Kansas wheat field farmer, let me thank you for your time
    You work a forty hour week for a livin’, just to send it on down the line
    Hello West Virginia coal miner, let me thank you for your time
    You work a forty hour week for a livin’, just to send it on down the line

    This is for the one who drives the big rig, up and down the road
    Or the one out in the warehouse, bringing in the load
    Or the waitress, the mechanic, the policeman on patrol
    For everyone who works behind the scenes

    With a spirit you can’t replace with no machine
    Hello America let me thank you for your time

    – Alabama (1985)

    Like

  31. Jimi Helms says:

    We have a MAN in the White House that knows the difference between right and wrong. That’s the problem with 1/2 our country in a nut shell.
    Speaking of nut shell, we can put all the Demon-rats brains inside a nut shell.

    Like

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