President Trump Calls Out China and EU Currency Manipulation…

This is a good development.  I strongly appreciate a U.S. President who believes in the intelligence of the U.S. voter to understand what is taking place.

President Trump is not selling the U.S. electorate short on their ability to understand the financial dynamic of ‘globalists -vs- nationalists’. President Trump is calling attention to currency manipulation by China and the EU. [Tweet]

In the big picture, what these global economies are doing is trying to offset President Trump’s ‘America First’ policy.  There are trillions at stake, and when you stand back and evaluate the scale of economic cost in this process you begin to recognize the severity of ideology and history of controlled financial manipulation.

By lowering the value of their currency, China and the EU are attempting to block the impact of tariffs against their export position.  Lowering the price of Chinese Yuan (Renminbi) or Euro (€) makes their exports cheaper to a stronger U.S. dollar.  This is what has been happening for the past six months. There are trillions at stake.

Despite what the Wall Street financial pundits have been saying, we have been importing their manufactured deflation for six months. U.S. consumers are not paying the tariffs on imported goods.  The devaluation of currency is why costs of import goods are actually less year-over-year (dollar strong). This is a strategy on their part to counter Trump, tariffs, etc. The globalist economies are trying to wait out Trump 2020.  We see the evidence of this in the CPI import prices:

(Source Link)

A stronger dollar and a weakened euro or yuan (or any other currency) makes the imported goods cost less (paid in dollars).  This offsets any tariff impact and keeps the U.S. prices low.  In essence we are importing deflation.

Stand back and contemplate the scale of globalist ideology at work in this dynamic.

The nations that devalue their currency drive up inflation within their own economy.  In German, France, etc., and/or in China,… bread, cheese, butter or basically any product costs more.  People within those economies pay more for their “stuff” as the central planning group drive down the value of their currency; it hurts the internal citizens of the country doing the devaluation.  Inflation hurts them; their wages buy less; stuff costs them more.

But the ‘Big Club’ within the domestic economy doesn’t care about the cost to their citizens, they are trying to fight Trump.

In an effort to carry out their globalist ideological fight to stop Trump from reclaiming wealth (through new trade positions and the return of blue-collar manufacturing), these nations are willing to subsidize an effort to retain status even if it means hurting their own citizens in the process.

Bottom-line they are driving down their own currency, trying to defeat U.S. policies, while waiting out Trump 2020 and hoping he is defeated.

So long as the devalued nations trade among themselves the lower value of their currency doesn’t necessarily cost them anything.  However, as soon as they engage with the non-manipulated currency (ie. USA), where the currency is not devalued, their lowered currency costs them a bunch.

In the short term, their exports to the U.S. drop in cost and we import their deflation.  However, in turn they cannot afford to purchase U.S. products and this can hurt our exports.   Fortunately, the U.S. economy is not necessarily dependent on exports; we use around 80% of the stuff we make or generate internally.  But with a higher dollar U.S. agricultural exports go up in price…. hence the Big AG multinationals rail against Trump.

The moves by China and the EU to lower their currency, makes our exports more expensive;  in turn this effect becomes fuel for the Big Club multinationals (Wall Street) to rail against President Trump.   Again, this is all part of the globalist plan to defeat Trump.

Within this dynamic U.S. inflation is low, because the prices for durable good imports are now intentionally lowered.  Simultaneously the prices of perishable goods remains low because the domestic supply is being exported less.

CTH predicted this dynamic back in 2016 when we said the prices of imports would not rise even with tariffs, and the prices of domestics would likely fall.  It’s one of the key reasons we said U.S. inflation would be detached from massive growth in the U.S. economy.   In essence, the entire world of suppliers are trying to keep the U.S. economy as customers for imported goods… they desperately don’t want to see the U.S. take their jobs back into America.

Right now an American worker with higher wages can buy imported stuff cheap; and can also travel cheap if desired (our dollar is strong).

Again, 80% of our GDP is internal; we are generally a self-sufficient nation… that is our strength.  But the globalists can only hold out so long before their intentionally constructed anti-Trump dynamic makes their own citizens misery so bad they will grab the pitchforks….

The globalists are hoping they don’t have to wait longer than November 2020.

There are trillions at stake !

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132 Responses to President Trump Calls Out China and EU Currency Manipulation…

  1. 335blues says:

    The tariffs on communist china should be raised to offset the currency manipulation that blocks their economic pain with a cheaper yuan. The tariffs have a purpose. If CCP is allowed to blunt that purpose, then the stakes must be raised to renew the intended purpose.
    RAISE THE TARIFFS NOW!

    Liked by 18 people

    • SwampRatTerrier says:

      AMEN!!!!!!!!!!!!!!!!!!!

      Great Catch President Trump.

      The PU…er…EU Euro is now cheaper than a 100 penny dollar.

      1 United States Dollar equals
      0.89 Euro
      Jun 18, 9:14 PM UTC

      https://www.google.com/search?q=exchange+rates&ie=utf-8&oe=utf-8&client=firefox-b-1-ab

      Liked by 1 person

      • Esther says:

        Yes, President Trump should definitely increase his tariffs to make it a zero sum game. How low can they lower their currency without crashing their economies? The other thing he should do is sit back and watch Iran attack a few more oil tankers so that Europe and China are beleaguered with significantly higher oil prices at home.
        Why use US tax dollars to protect allies who are working so hard against us. Stepping back and letting them feel the pain of a tightened oil market would reblance the scale in our favor. After all, we are now energy independent.

        FREE GOVERNMENT SOLAR INSTALLATION SCAMS
        On a similar but slightly different matter regarding energy independence, in New York, the state and NYC purport to homeowners that they are providing FREE solar panel installation at no cost to homeowner. This is a HUGE LIE. Its not free and actually end up paying them. There are three major areas where homeowners are being bamboozled and scammed.

        1. The contractors who do the installation are in bed with Gov Cuomo, and what homeowners don’t grasp when they sign on the dotted line, is that they are actually leasing the solar panels from the contracting companies who continue to own them. In this scam, because you don’t actually own the panels, the contractors collect each year all the Federal tax Credits and rebates that the homeowner would receive if they pay for their own installation out right. These ‘contracts’ extend well beyond the usefulness of the solar panels, some up to 50 years. The price of solar is dropping rapidly but you will be stuck with the lease. Fine print is going to make you pay to remove those panels and a lot of reimbursements if you ever change your mind.

        2. An even bigger scam is the fact that when homeowners get these solar installations under the Cuomo/DiBlalsio shake down, it MUST be hooked into the grid. No one I know has ever really gotten actual credit on their bills from ConEd only a reduction, even when away on extended vacation and appliances turned off. The most they get is a slight reduction in their bills. So govt is in bed with power companies to to have homeowners use their real estate to provide power to ConEd and other electric companies to resell, and all they get is just slightly lower bills.

        3, What may be the biggest part of the scam is homeowners believing that this ‘free solar’ provides them an independent source of power. IT DOES NOT. The way NY hooks homeowners into the grid gives all control to the power companies. So if their is blackout or natural disaster affecting power lines, even though the homeowner has solar-power it is utterly useless, because it cannot operate independently. Even if the power company comes to fix a pole or a line down in the neighborhood, When they shut power off at the pole, it automatically also shuts it down to homeowners with solar hooked into the grid. In short, the homeowner gets a slightly lower monthly electric bill out of the entire scheme but no energy independence, no tax rebates and credits that they’d otherwise get.

        Hopefully homeowners in other states will be alerted. If you are going to get solar power, make sure it is set up so you can use it independently of the grid. Your federal tax credits will lower your income tax and pay for the installation in a few short years. Do not fall for the magic beans of government giving you free solar. All they are doing is using your expensive real estate to make more profits for the electric companies. They are also giving a false sense of security that you have an alternative power source in emergencies or if the grid goes down. If you doubt it is a scam, ask why they never install equipment that can actually measure the energy output you are providing/selling the electric companies, so you can check for yourself how much money either in credit, or reduced bill you should be getting from the electric company that’s tied into your solar installation on your property. Ask why it is set up so you have to rely on the electric company to be honest in crediting you the value of the energy you are selling them. Socialism is not Free, and Dems do not give anything for free to US citizens.

        Liked by 8 people

        • BigTalkers says:

          The BIGGEST SCAM OF ALL is NY State refusing to utilize its own cheap Natural Gas from the Marcellus Shale, which would save its homeowners and renters BILLIONS ANNUALLY (no installation required).

          Liked by 4 people

          • mugzey302 says:

            The Socialist Republic of New York, run by fascist snowflakes from NYC who strongarm elected “representatives” to legislate STUPID things like making it illegal to declaw a cat (but, it’s ok to slaughter a human in the womb up to the point of delivery!). It is sinking under the weight of its own depravity.

            Liked by 3 people

            • Ezgoer says:

              Yes the Democrat fascists running these blue states are terrible. But they are not sinking. The fools in these states keep electing them by larger and larger margins. Most blue states like NY are one party states where there is little or no Republican presence in state-wide elected offices. These states are losing population but slowly. I just don’t understand how the people aren’t furious at their mistreatment by these crooks.

              Like

          • Robert Smith says:

            We should drill under it and drink their milkshake.

            Like

        • dustycowpoke says:

          Happening in NM now too.

          Like

        • Carrie2 says:

          Don’t forget that is you lease solar you may have a big difficulty in selling your home to another who does not want a lease. Sadly people are not paying attention that solar actually adds more heat to the atmosphere so no big benefit at all.

          Like

      • ed furman says:

        Pu Eu and all the other U’s……..lets tell em all FU and jack up the tariffs.

        Like

    • Sugarhillhardrock says:

      Seems quite logical, 335.

      Like

  2. Mark L. says:

    The Masters plan.

    Like

  3. TarsTarkas says:

    This site should be required visiting and reading for anyone trying to understand global economics and the flow of goods, services, and finances on the globe. You make it easy to comprehend and follow without resorting to jargon.

    Liked by 26 people

    • amwick says:

      Maybe it is easy for you.. I need at least two or three goes at it…. but one thing I do get..
      There are trillions at stake..

      Liked by 10 people

      • Dutchman says:

        When I first started perching on a branch here, I gobbled up the Big Ugly articles, and my eyes glased over on the MAGAnomics articles.
        Then the Big ugly articles got so complicated with so many characters and machiavelian moves, that I read the MAGAnomic articles, for relief.

        I finally read one over,..and over, about 7-10 times, each time getting a LITTLE bit more, until finally it ‘clicked’, and,..

        As a bonus I saw the DIRECT and indirect connection between MAGAnomics and the big ugly.

        So, yeah keep reading about widgets and the price of lemons, about the Wall Street engine and the Main street engine,…”How do you eat an elephant?”
        “One bite at a time!”

        Liked by 19 people

        • SwampRatTerrier says:

          And it’s DELICIOUS!!!!!!!!!!!!

          Pass the salt and pepper please!

          Like

        • SwampRatTerrier says:

          Hey! “Democrat Party registered” Economists (almost all of them) need jobs – otherwise they’d have to dig ditches.

          Like

        • Chip Doctor says:

          Dutchman, you told my story. What drew me was the Big Ugly, but my eyes have been opened to many other subjects. I am grateful to Sundance and all of you Treepers for educating me. And a big shout out to Grandma covfefe’s daily prayer and Citizen817’s posting of PT’s daily tweets. Great way to start my day.

          Liked by 3 people

        • Defanged says:

          Same here Dutchman-and I still don’t quite get the “strong dollar” thing.

          Like

          • Dutchman says:

            Yrah, haven’t got that, 100% myself, either. While China has been doing it for years, and past POTUS’s have complained and got the panda face in return, PDJT is the first one to make an issue of it, so its an old but new element.
            I think an earlier poster is right, semantics of “strong currency” vs. “weak currency” is poor and confusing terminology.
            Beyond that, I THINK I understand the effect; helps them for exporting, cause their products are “cheaper”, hurts them cause they pay more for imports, and long term its like inflation for the citisenry?
            I THINK

            Liked by 1 person

        • Ron Jaeger says:

          Yes that is about how I finally ” got it ” .

          Like

      • 3rdday61 says:

        Amwick, It’s not easy because they’re talking in circles. For some reason they’re trying to accuse others of weakening their currencies when it is ALL due to the strengthening dollar. It’s idiocy to view the results of our prosperity under President Trump policies as though they are due to some foreign assistance of currency weakening. You can’t have it both ways. When we(dollar) win, they(yuan) lose. Period. When you’re already #1, and then you get stronger, EVERYBODY else(and their $) get weaker.
        Personally, I don’t want Chinese crap even if they have to give it away. What part of America First do ya’ll want to renege on ? Currency ?
        “Importing deflation” ? In a trade deal ? LoL!!! Now THAT takes a college education. right there.

        Liked by 2 people

        • amwick says:

          I think SD explained it clearly. Economics is where I just start sweating, the four brain cells despair…. What I got from SD is that this game with their currencies is to somehow hide the tariff.. make it invisible… hmmmm

          My background was engineering,,, I could barely handle a future value caluculation.

          Like

          • 3rdday61 says:

            What’s to hide ? If people want to refer to this as a trade “war”, then who sets the rules?
            As far as currency manipulation goes, you must remember that we’re dealing in abstract valuations in ALL the currencies. It’s all FAKE(fiat) money.
            This “need” to try and obfuscate the truth is troubling.
            We’re dealing with simple transactions here with a buyer and a seller. The only thing to negotiate is price. We’re #1, we set the price.
            If we’re not getting a good deal, then we need better negotiators. I cannot see how you can get better negotiators than what we have now.

            Like

      • “There are trillions at stake..”

        The parallel (much older) slogan to that:

        Follow the money.

        Like

    • The Demon Slick says:

      These globalist geniuses look a lot like a guy in a casino who won a bunch of money but couldn’t walk away, and now the house has it all back and then some.

      Liked by 3 people

  4. Mike says:

    Love these trade writeups, thanks sundance!

    Liked by 9 people

  5. MAGADJT says:

    Turn up the volume on the tariffs to show them we won’t let them manipulate their way out of negotiating fair trade deals.

    Liked by 4 people

  6. Now I am getting nervous , he is not only running against the crazy Dems, the whole Media , Hollywood , the social network saboteurs, the Never Trumpers and RINOs but against World globalists too! Jeez at least he has them cornered now 🙂

    Liked by 11 people

    • Dutchman says:

      nycjoe,
      Forgot the /s.
      Hes been running against the globalist Chicoms all along.

      All the others you list are just ‘proxies’, bought and paid for or coerced/blackmailed, or a combination of the two.

      Thats WHY they are against him, and WHY they won’t relent. In order to CRUSH ‘them’, he doesn’t need no stinkin indictments, he just needs to bankrupt their paymaster (CCP).

      And THATS how MAGAnomics relates to the big ugly.

      You don’t drain the swamp by wading in and wrestling alligators. You drain the,swamp by cutting off the water source ($).

      And THATS what our VSG has been doing, from day one.

      Liked by 11 people

      • Thanks Gunny. I’ve been reading here awhile and thought it was a 5 front war. But as you so clearly put it, there’s only one front that matters – China’s economy.
        I commented before that I don’t think POTUS wants a trade deal with China. Now I am hardening that position, adding that he’ll use the Chinese methods of delay delay delay. Then when they’re really screwed, he will have the leverage to get them to do virtually anything.
        “I love it when a plan comes together!”

        Liked by 4 people

      • Rhoda R says:

        Thank you Gunny, I’ve never thought of it that way but you are absolutely right. And boycotting anything made in China is a big way that we Americans can support our President toward his goal.

        Like

    • Hoosier says:

      Don’t worry. He has them outnumbered, surrounded, cornered, has cut their supply lines and winter is coming.

      To top it all off there is a insect plague coming for Chinese grains (50% loss possible) and they basically have a pandemic of pig “ebola” (50%+ loss likely). They might have to import grass and bark from the Norks for food.

      He hasn’t even started on the Euroweenies yet.

      What happens if the Straights of Hormuz are shut down? No fuel for Europe and China. I am sure we can supply Japan.

      Liked by 4 people

    • grlangworth says:

      Nothing new here. This has been the case all along.

      Like

    • Query says:

      What we are experiencing is astounding.
      Truly it’s Horatio on the Bridge, 300 Spartans at Thermopylae, Rorkes drift.
      They hate this President like no other. His safety……………

      Liked by 3 people

  7. SwampRatTerrier says:

    Great analysis Sundance!

    RE: “The nations that devalue their currency drive up inflation within their own economy. In German, France, etc., and/or in China,… bread, cheese, butter or basically any product costs more. People within those economies pay more for their “stuff” as the central planning group drive down the value of their currency; it hurts the internal citizens of the country doing the devaluation. Inflation hurts them; their wages buy less; stuff costs them more.

    But the ‘Big Club’ within the domestic economy doesn’t care about the cost to their citizens, they are trying to fight Trump….”

    Liked by 7 people

  8. Well, I think that these “smarty-pants” are failing to consider that the people of their own countries could now simply decide that “the ordinary American voters had the right idea.”

    Half a century ago, say, the citizens of these countries did not consider their national future to consist of “being exporters to America.” Just like Americans are beginning to (once again …) do today, they thought that their game was also “[My-Country] First.” And so it was.

    As we finally begin to peel the layers off of “the Globalist™ Onion,” we see how utterly and how intrinsically(!) flawed it really is. It really was based on (1) a gigantic consumer economy [the USA] which could somehow be convinced to “out-source” major portions of itself, and (2) an even bigger Communist regime which possessed the power to enslave an enormous work-force … “T-Square™ be damned.” (Every other “major country” will in due time realize that it was never more than an “also-ran” in this dynamic.)

    Against this: “[My-Country] First.” Yes, that’s what it used to be, and that’s what it still should be. Redundancy. Multiple sources of both supply and(!) demand. A crazy mixed-up fabric of countries who are each competing to create yet another … Choice.

    Liked by 12 people

  9. USA First! says:

    China and Europe needs to be pounded into the sand.

    Liked by 4 people

  10. amwick says:

    So, they tilted the playing field… slopes down towards US and Up their way… Sure VSGPotus has it.. because… as SD illustrated.

    BTW, that BLS website is amazing… TY

    Liked by 7 people

  11. WES says:

    This is simply a race against time to see who can out last who politically.

    It is not about economics even though it is.

    That is why President Trump continues to hold frequent rallies.

    Liked by 8 people

  12. The Globalists think they can wait out the 2020 election? President Trump is going to be reelected, they can’t stop him…. neither can the Democrats. They’re banging their heads up against a brick wall built by President Trump. America’s Blue Collar Middle Class workers will not vote for anybody who will stop their jobs from coming back. It is just NOT going to happen!

    We The People KNOW what happened to us for the last 3 decades… and who did it to us. We are not going back. We want our communities brought back to life, we want our good paying jobs back, we want our way of life restored. You think Joe Biden is going to do that? You think Elizabeth Warren will do that? No way!

    Liked by 15 people

  13. M. B. Lamar says:

    Can you imagine the reaction worldwide on election night? Wait a minute – they elected a billionaire businessman who understands finance and truly loves Americans? It could all fall apart. Man the guns!

    Liked by 3 people

  14. DJT2020 says:

    There is no way POTUS did not anticipate this move. He is giving them enough rope to hang themselves and has a counter move all lined up ready to go.

    Liked by 2 people

    • Dutchman says:

      DJT;
      He gamed this all out long ago like a chess master,..and anticipating their moves, had his counter already in place.
      Try to threaten us militarily? Big increase in defence spending.

      Try to use Iran and ME to such PDJT into a distracting mideast quagmire?
      Firstly, alliance with Israel, SA, and other Sunni nations to counter Iran.

      Try to use the bogeyman of crazy norks with nukes? Firstly, he pokes the bear (fatboy, rocketman tweets) to show “see, he’s not going to launch nukes, its a tame bear, folks!” Then meets with Kim, defusing that whole play.

      He has gamed out every possible ‘play’ CCP could try to use, anticipated it and countered it. They got nothing. And devalueing their currency is a double edged sword, that will cut them if kept up too long.

      It is like burning your furniture and cabinetry, to keep from freezing, during a blizzard. It’ll keep you alive, but if the blizzard lasts too long, you have no house left!

      And there is, I suspect gonna be no let up. If I’m understanding correctly, it makes things they have to import MORE expensive. Unlike the U.S., China is NOT self sufficient, so food as an example becomes MORE expensive.

      Liked by 1 person

  15. Krashman Von Stinkputin says:

    The mobility of manufacturing and the removal of red tape and regulations are the next phase of this.

    I work in the factory automation space and the last 10 years has seen a sea change in the control and design of factory equipment.
    Where once highly specialized proprietary networks and individual islands of automation prevailed…
    open networks (predominantly Ethernet) and modular connected flexible “smart” machinery prevails.
    In many cases the “brains” of the operation resides remotely or in the cloud.
    (Not to be confused with AOC’s brain which resides remotely in A cloud)

    Bottom line…..a manufacturing facility can be disassembled and relocated lightening fast and with an “internet connection” be up and running again in a fraction of the time

    If Trump’s strategy prevails Xi’s in trouble.

    Pick up any item around you with the MADE IN CHINA label and realize we used to make in here.
    It’s never been a better time to bring it back home.

    Liked by 12 people

    • Thomas Holsinger says:

      Plus the onset of 3D manufacturing means the collapse of supply chains, which will most hurt exporters of cheap manufactured goods.

      Liked by 5 people

      • vikingmom says:

        And it will hurt those who move the goods – I have a very liberal family member who works for one of the biggest global shipping companies and these tariffs are killing their business. She despises Donald Trump because the value of her company is going down, fast, as more things are made here and NOT in China!

        Trying to explain that having good manufactured in the US benefits millions of hard working Americans, who will finally be able to have decent manufacturing jobs again, does no good at all. It is affecting HER pay, her stock options, her company’s bottom line, so the heck with any good it might be doing for our country in the long run…

        The problem with most liberals is that everything is based on the short term benefit to them and they do not understand (or care about) the long term costs. They also watch BBC, CNN, ABC, etc and takes everything they say as gospel and it’s impossible to convince them to do otherwise!

        Liked by 6 people

        • grlangworth says:

          Change here will be relentless. PDJT will stay strong.

          Liked by 1 person

        • Also as my liberal family members believe, they need revenge to get back at all the Republicans who somehow wronged them. You know, like “the Bush tax cuts were only for the rich.” Then when they came up for renewal SanFranNan changed her tune and said “we need to repeal the tax cuts except for the ones that go toward the middle class.”
          On the other hand, I can say I agree with one such liberal family member on many things RINO. Cocaine Mitch is a worthless turtle is just one.

          Liked by 1 person

          • vikingmom says:

            Exactly! I try to find reasons to look for common ground as I have found that makes it easier for me to drop “truth bombs” into the conversation. Some people are beyond reach but many just don’t know what they don’t know!

            Liked by 2 people

        • Someday she may realize that the only path to more shipping is President Trump’s RECIPROCAL Bilateral Trade Deals. At second thought, nah…

          Liked by 3 people

          • vikingmom says:

            But again, that requires looking FORWARD 20-30 years to see how policies implemented now will benefit us or harm us in the future…if the only consideration is how it affects your pocketbook TODAY, then many people make the wrong choice because we live in a society governed by feelings rather than facts!

            Liked by 5 people

        • Trent Telenko says:

          Vikingmom,

          I remember 2003, when Arianespace had driven the Delta, Atlas and Titan out of the commercial launch market and their lobbyists were knocking on the DoD’s door for launch contracts.

          Space X is the first aerospace company to make 3D Printing/Additive manufacturing the heart of its production processes. Not because they wanted to, but because it was the only way to get around the established aerospace players — like rocket engine maker Aerojet — who were busy losing to Arianespace.

          The ability of Space X to move faster since then to meet market needs is largely due to that intuitive leap into “Produce it ourselves” via 3D printing to avoid the entrenched “fiddly bits” makers in the aerospace world.

          See:
          https://www.fool.com/investing/2019/02/17/will-spacex-shut-europe-out-of-the-space-launch-ma.aspx

          Like

        • Rhoda R says:

          I expect buggy whip manufacturers hated Ford as well.

          Like

        • Dutchman says:

          V.M.,
          I understand your comment, but truthfully its human nature to look at things thru the effect on you and yours.

          Conmunists, and at this point anyone still with the Dem party isn’t a ‘liberal’, ‘progressive’ or even ‘socialist’; they are a CONMUNIST (calling a spade a spade).

          A big part of the Con is firstly the notion that Government/Technology are the Gods they worship, and they believe thru their Gods, they can solve ‘all the problems of mankind’, creating a heaven here on earth.

          Maga believe Government/Technology have never truly ‘solved’ a problem;
          They just change the NATURE of the problem, and usually create new problems which only become apperent over time. And that the purpose of life isn’t to create heaven here on earth.

          Secondly, there is a different perception about the nature of “problem”; What Conmunist promises, is that the two headed God of Government/Technology will eliminate ALL the downsides of uncertainty, or RISK.

          Problem with that is, you can NOT eliminate the ‘agony of defeat’, without also eliminating the ‘thrill of victory’.
          And who would want to live a life where you never had reason to fist pump, to high five and say “YES! I/we DID it!

          So, their goal is undesirable and unattainable (to eliminate risk or uncertainty, by ‘guaranteeing’ no downside) and where they look to accomplish this (their two headed god) is incapable of accomplishing it anyway.

          This is the CON they have fallen for.IMHO

          Like

      • Krashman Von Stinkputin says:

        Yup.
        There’s so much more going into manufacturing now.
        Smaller more regional fulfillment.
        Big data metrics analyzing customer usage for predictive manufacturing.
        Industrial Revolution 4.0
        NATIONS are positioning themselves to lead this.
        Trump came along at the perfect time.
        Trump 2020!

        Liked by 1 person

    • Trent Telenko says:

      To borrow a phrase from scifiauthor John Ringo, the collapse of extended “fiddly bit” supply chain of intermediate goods that quality 3D printing brings means that “In-sourcing” is the wave of the future.

      The internet, radio frequency beacons and the ISO container are the warehouse for the extended supply chain of “fiddly bits” for “Just in Time” production.

      Additive Mfg/3D Printing just removed all the multi-organization transaction costs, transportation costs and quality issues of all the intermediate suppliers of “Just-in-Time” and it is replaced by a vat of print media and “just enough/close enough” 3D/AM capital equipment.

      Capital equipment that is orders of magnitude more scale-able & mobile than a mass production set ups of old.

      Short form: There are going to be lower barriers to entry for manufacturing anything, anywhere, with shorter times to market. More profit with 3D/AM will be made in areas of higher social order, lower corruption and lower regulatory kudzu

      Like

    • Trent Telenko says:

      Krashman Von Stinkputin

      I ran into a fairly revealing article related to the “instant relocatable factory” here:

      Paul Benning Chief Technologist 3D Printing at HP Predicts 3D Printing Developments in 2019
      https://3dprint.com/232470/paul-benning-chief-technologist-3d-printing-at-hp-predicts-3d-printing-developments-in-2019/

      Simulation tools for iterative design of a part before a print is a really good idea.

      Machine AI monitoring of the print as it is being executed is much better. That is where machines are better QC than people.

      Having the engineers interactively working with the AI from simulation through the print is really interesting as a concept.

      I don’t think the same AI could do both simulation and print control.

      Printing a working stress gage into the part as it’s printed has a whole lot of implications in high performance applications if there is also AI monitoring involved. Getting that concept to work will be a real trick with huge pay off in -reliable- top end performance.

      However, I think this comment to article/interview is better than the interview. Small production runs of perfectly made parts makes for _VERY LOCAL_ manufacturing and utterly kills the multi-continent ‘fiddle bit’ supply chain always searching out the lowest wages. It also kills the idea of big box retailers.

      Mass production cost level, high quality, near-unique craft products will utterly re-order the world industrial base and all the political/economic overlays above it.

      See:

      James K McMahon
      At the beginning of the 3D printing era ( the rapidprototyping phase), a sale could be lost because the finished model wouldn’t meet tolerances or the surface quality was poor. This problem still exists in 3D printing today. Machines are smarter and processes are more automated to achieve engineering objectives. Perfection is the ultimate goal. This seems to be today aim. Then the issue of speed and cost will pop back to the top of the list. I am still looking for the next technology that will allow small production runs of perfectly made parts in a reasonable time at a fair cost. There will be compromises but quality is not one of them. It also will not be 100% additive technology.

      Liked by 2 people

      • Maquis says:

        Seems a simultaneous smoothing process has potential, n’est-ce pas? It would be a complimentary subtractive technology, though much less wasteful than even CNC machining.

        Like

      • Thomas Holsinger says:

        This will be the death of China’s export model. It will at least upend, if not cripple, Chinese exports. They have to switch to big-ticket high-end manufactured goods, where their theft of foreign intellectual property will face drastic issues with international patent infringement litigation.

        All these chickens are coming home to roost on China at about the same time.

        Like

  16. pocaMAGAjunta says:

    “But the globalists can only hold out so long before their intentionally constructed anti-Trump dynamic makes their own citizens misery so bad they will grab the pitchforks….”

    Guess who the globalists will attempt to blame for the misery they create. Hopefully the eyes of the world will see through the lies of the wicked.

    Like

    • One word: Yellow vests.

      Like

      • Maquis says:

        Channeling Biden? 😉 Looks like two! 😁

        Liked by 1 person

        • Sometimes it’s fun to make one’s self look stupid. I’m pretty sure I succeeded and definitely laughed while typing it and again when reading your comment.
          A healthy sense of humor IMO is what keeps the sane, sane. That’s why PC people hate us.

          Like

      • Dutchman says:

        Yeah, and I don’t see the yellow vests blaming “Trump” for their woes.
        They know the EU, and their own leaders are to blame.

        Like

        • I’m not as worldly nor well read as you Dutch. But I have read that it’s the entitled Millenial, “woke” mindset for a large chunk of them. They want their free rides from the state.
          If it weren’t, they would have protested the savages destroying their countries and molesting their women and children.

          Like

    • Trent Telenko says:

      pocaMAGAjunta,

      The Trump Administration push for more, small/local, financial institutions financing small (less than 50 souls) businesses should be looked at in light of it’s policy push for more US based manufacturing in the 3D/AM era.

      3D/AM is at an inflection point of capability that a US Federal government policy of
      Financing lots of new entrant 3D/AM manufacturers through local small banks,
      Meeting a US economy of tax cut and regulation reduction fiscal stimulus,
      With tariff trade barriers to the multinational ‘China Trade’ cartels,
      will be a licence to print money for new entrant American 3D/AM manufacturing firms.

      IMO, the collapse of the world wide industrial supply chains that the bond markets love — and 3D/AM will kill — over the next 10 years will make for very interesting times in the global financial industry and especially for anyone foolish enough to hold Chinese bonds or other financial instruments. The waves of financial crisis that 3D/AM disruption is about to do to the corruption hollowed Chinese financial sector will see to it they won’t catch the American economy anytime in the next 50 years.

      There is a whole lot of industrially disruptive American wealth creation going on right now and for the next several years that will be outside the control of Globalist & Democrat Party interests and geographic areas of control that will be befitting “Heritage America” working and middle class families.

      Which -will- show up in the 2020 census.

      President Trump’s economic team is trying to do to the Democrat party and their Globalist masters nationally what the Democrats did to the California GOP.

      Demographically reshape the political landscape out from under them to make them an irrelevant minority party.

      Liked by 4 people

      • Elle says:

        “and especially for anyone foolish enough to hold Chinese bonds or other financial instruments. ”

        Irregardless of the 3D/AM revolution, you make a great point. The fire sale on Chinese bonds and other financial instruments will dramatically hasten China’s current death spiral..

        And to think all they need to do is sign a fair trade deal and the dragon could both roar and soar. It is so sad. My heart goes out to the Chinese people who will be greatly harmed by Xi’s inability to see beyond his own pride.

        Like

        • Dutchman says:

          Elle,
          I don’t believe its pride. As a centralised, controlled totalitarian State, China simply can not compete.
          Hence they cheat.

          In order to make the changes neccesary to compete they would have to give up the control they MUST maintain.
          They are called “Totalitarian” for a reason; TOTAL control. Anything less is seen as a threat to CCP, because it IS.

          Being a little bit totalitarian is like being a little bit pregnant; binary state, either are or not. Their economy will be wrecked, if they don’t cede power. And eventually they will have to, cause you can’t slaughter everybody.

          Hong Kong protests as example; EVERYBODY was on board, businesses actually gave employees time off to protest, cause unlike previous protest, busineses were totally on board.

          Xi has blinked twice, in rapid succesion.
          Agreeing to meet (G20) and Hong Kong.
          I don’t expect a ‘deal’ out of G 20 myself, but ‘we’ll see’,…

          Like

          • Elle says:

            Yes, I agree with you. Pride may be the wrong word. It’s just sad because if they sign a fair a trade agreement, everyone can get a trophy. Perhaps “a rising tide floats all boats” does not translate into the Communist Chinese language. It’s just sad that they can’t grasp it and so much misery will ensue.

            Like

            • Dutchman says:

              Elle,
              Understood. China could benefit greatly from true, fair trade, perhaps. NOT CCP. As Sundance has explained, they didn’t develop a manufacturing base,…organically.

              They stole ours. Without that they would still be a big 3rd world country. They didn’t develop the raw materials or energy, they just focused on that one aspect cheated to get and maintain it.
              Its a question of how much hurt the Chinese people will endure, and at what point the CCP will see the writing on the wall.

              Like

        • Trent Telenko says:

          Elle,

          You are not thinking it through.

          The “In-Sourcing” that 3D/AM is bringing means the entire globalist bond market/derivatives/Multi-national intermediate goods economic model is expiring.

          What happens when 3D/AM reduces a 25 item parts count high end good to a five items for the same final high end good?

          That is a straight up 80% reduction in the number of -things- that have to be shipped world wide and likely a 90% reduction in global trade volume in making that final good.

          So what happens to the heavily capitalized.world shipping and transport industries plus all the associated loans and loan derivative financial instruments when it is clear that the 10 million plus world wide shipping/transportation industry work force will drop to 1 million in 5-to-7 years?

          Those are only the first order effects.

          The second order ones involve things like self-driving cargo trucks. As in, where is my return on investment if the number of long haul cargo trucks drop by 90% in five years? And the mileage of the remaining 10% is less than the average per truck previously and the value of their load is 50 times the previous volumes? Insurance companies will want human drivers over AI simply for having someone who is -At Fault- for mischance and can report high jacking attempts.

          Waves of financial panics are coming for a lot of Globalist large capital investments and the financial where with all behind them.

          The coming collapse of the globalist economic model in the face of 3D/AM “In-Sourcing” means that the power of the Federal Reserve as a separate branch of almost world government is ending as well.

          This is why Pres. Trump is working to build a small main street/small business “back up financial system.”

          …And it is also why the Fed is so utterly honked off at him because his actions are diluting their power even sooner than would otherwise be the case.

          Like

  17. Stringy theory says:

    Let’em eat cake.

    Liked by 3 people

  18. fangdog says:

    It must be disheartening for foreign countries and multinational globalists waiting for 2020. While watching Trump draw 100,000+ supporters for his rallies and his opponents struggling to draw a couple hundred. While waiting they go backward making it harder to catch-up when they are forced.

    Not even the speed of heat can stop Trump and the American people from making America great again over the next 6-years.

    Liked by 3 people

  19. NOTE the leak today that POTUS considered demoting the Fed’s Chairman Powell.

    SPECULATION:

    • POTUS paints the Fed as ANTI-AMERICAN for allowing China and the EU to loot our economy through Currency Manipulation.

    • Then – in the absence of a Fed Reversal – POTUS HAMMERS both with Auto Tariffs to start … and ANNOUNCES a schedule for Currency-Manipulation Tariffs to kick in if they have not REVERSED their Manipulation by a DATE-CERTAIN.

    Liked by 8 people

    • FrankieZee says:

      You know he is going to use currency manipulation to raise the tariffs.

      Liked by 3 people

    • Dutchman says:

      Oh, BKR!
      Some of your stuff I like, but don’t see coming to pass, its like my desire for a new, permanent memorial on the D.C. mall, a gallows.

      But, THIS I not only LIKE, but I think its LIKELY. Try to offset the tariffs with currency manipulation? Smack!
      Beatings will continue, till we get a change in attitude!

      No more currency manipulation, or dumping, or I.P. theft,..no more B.S.!
      Deal FAIR, or suffer the consequences!

      Liked by 5 people

    • BKR:

      I opine that PDJT and trade team already figured currency manipulation in the equation some time ago.
      This reaction from China and the EU was a given, a no-brainer. Trade war dynamics were going to end up going there.

      But perhaps it wasn’t a no-brainer to China and the EU that PDT would simply kick in CM-tariffs. It should have been a no-brainer to their trade teams and economists. After all the losing, they still haven’t gotten PDT’s mojo yet.

      But we can outlast them easily.

      And they forget the history of 1989. What happens to governments when the citizenry decides to say…
      (Network):

      “I’m mad as hell and I’m not going to take it anymore!”

      Like

  20. chojun says:

    The EU is hilariously slow on this move. These people are astoundingly desperate and are playing with fire when their economies are already teetering on recessionary output levels. The silver lining on this cloud for them is that inflation would theoretically make it cheaper to pay down sovereign debt – but they won’t. Instead, they’ll ramp it up to continue subsidizing their market share in an effort to wait out the America-First phenomenon.

    If (when!) Trump is re-elected this highly unsustainable strategy will collapse in upon itself and Europe, China will be in full-blown recession to recover from it – with China’s one-dimensional economy possibly nearing depression levels.

    Additionally, due to the decoupling of Main St. and Wall St, the US is surprisingly immune to these same recessionary forces that all the experts have been predicting. IMAGINE THAT! Who would’ve thought? Just imagine all those central bankers at the IMF seething in hatred that the American producer and consumer has been given the ability to set the price of the dollar. Curse you villain Trump!

    Liked by 10 people

    • Dutchman says:

      The EU leaders are very like the Dem leadership; old, slow and clueless, with no idea how to react, in a DJT world.

      Broke my rule, and read an article on faux website about PDJT vs. Iran. The relevant part was the EU is drifting on Iran. They WANTED the Iran deal to work, so bad,..and now that Iran is proving all the deal detractors right,…they don’t know WTF to do.

      Whadya mean, the bully will STILL beat me up, even after I give him my lunch money?!!
      Cucks and Conmunists, but thank god for Poland, Hungary leading the way!

      Liked by 6 people

    • Dutchman says:

      Yes, remember how the 2008 financial meltdown was worldwide?
      And how they ‘splained it to us, that in our interconnected world that our economies were so intertwined it was inevitable?

      Gonna be,..interesting to see EU, China going thru major economic,…retraction, recession whatever and US and prhaps some other economies virtually unaffected.

      Lets see how they ‘splain THAT,..other than ‘orange man bad’.

      Liked by 1 person

  21. Ray Runge says:

    Thank you for the concise education about how tariffs are mitigated by currency devaluation. Both tools that can be employed between international trading partners and have different effects to the individual nations.

    So, no surprise that each country in turn will employ available tools to maintain a developed advantage. USA must persist to shed the role of exporter of jobs and the importer of finished products.

    Now 68 y/o, I spent my first 30 years in Youngstown, Ohio and experienced the economic devastation. Both local cultural issues and international economic dynamics were responsible. Surely the people that have struggled for the past 40 years will be a consistent source of support for bringing home wage paying jobs and a tax base for schools and roads. Strong support moving forward for POTUS TRUMP SHOULD BE REALIZED.

    Liked by 12 people

  22. Right to reply says:

    I honestly believe, Sarah Sanders will be the first female POTUS

    Like

  23. China devalues the yuan to sell products. They have been doing it for years, but with the tariffs they may be devaluing the yuan well below what they can afford. This will bring instability to China as the people will have bring rickshaws full of yuan to by rice cakes.

    Can you say Wiemar Republic?!

    Bonus round; th American people and PDJT win again as prices stay down and inflation remains low.

    Liked by 4 people

    • Rhoda R says:

      While the President is rightly doing what he can to level the playing field, his international opponents are weakening their own economic systems in response. Someone above said “Weimer Republic”. Well the massive dislocation in Germany lead to the rise in power of the Nazis. Economic turmoil tends to do that. And totalitarians tent to go for ‘short cheap wars’ as an answer to domestic economic woes. We may be in for a bumpy ride.

      Like

      • I mentioned the Wiemar Republic. Devaluing the Mark by printing money to pay down their war debt.

        The Chinese have done the same to the yuan to gain market and manufacturing share at the expense of their people. China is already a totalitarian government so this policy will only lead to revolt against totalitarianism. Lets hope it does not bring in something worse.

        Bumpy ride yes, but we are in a great position to handle those bumps, others not so much.

        Liked by 1 person

      • Robert Smith says:

        They can’t bear to lose to Trump. TDS on a global scale.

        Like

  24. Harlan says:

    “…what these global economies are doing is trying to offset President Trump’s ‘America First’ policy.”

    With a little help from our very own anti-American dumbocrats and never-nevers here at home.

    Like

  25. Uncle Al says:

    In a fiat currency world, and that’s the whole world now, it is the sole function of central banks to “manipulate” currency. It is pointless to complain about it, the only solution is to return to a hard currency regime, e.g. a gold standard or something equivalent based on real assets to back the currency.

    Although the U.S. Federal Reserve’s manipulations of the dollar are smaller as a percentage of exchange rates than the yuan or euro, because the dollar is so widely used around the world, the effects are greater. There is no bigger currency manipulator than the Federal Reserve.

    Liked by 2 people

  26. GGHD says:

    Yes, many Americans are smart Nationalists, when it comes to the manipulation of our currency by the Globalists. … However, many of us Americans are still confused by Value-Laden words like ~Strong Dollar as contrasted with a ~Weakened Euro and Yuan. … There’s the first impulse to see value in a Strong Dollar as opposed to the Weak-Wimpy Money in other countries.

    There has to better choice of adjectives to describe currency manipulation. … Plus, it would have to be words, commonly accepted by all Americans. … The economic success of advertising demonstrates the ~power with the choice of the right words. … Maybe, it could be another burden placed on President Trump, to reform our economic language!
    [The success of our country depends on President staying alive and healthy. Plus ~ Trump in 2020!]

    Liked by 2 people

    • Pa Hermit says:

      Just think, not only are we getting educated on finance and politics, we now can get educated in the subject of English! We’ll become walking Thesauruses! Thank You Sundance! A mighty big hat tip your way!!!

      Like

  27. Petrel says:

    Thanks to Sundance we now understand that both the “Marxist” oligarchs of China and the “Capitalist” oligarchs elsewhere are on the SAME TEAM — as they grab the jobs and savings of normal folk through manipulated prices.

    America did very well for 150 years with 30% tariffs on all imported goods. This permitted average Americans to enjoy a standard of education and living 30% higher than in Europe — Vocational training and High School versus 3 – 4 grades of Elementary School, with commensurate pay scales in the workplace. Our labor force earned more because the value added of their work was so much more.

    Perhaps we should return to our 150-year tariff tradition ? We are a big enough nation and, with effective anti-monopolist laws, our pricing would be very competitive.

    Liked by 1 person

    • Dutchman says:

      Petrel,
      Our Founding Fathers LOVED tariffs.
      Just think, until 1915 there was NO income tax. The ONLY $ recieved by Federal Government was from,…TARIFFS!

      THINK of that! Funded WW1, bought louisianna and alaska, and did so much else, totally financed by tariffs.

      Imagine abolishing the IRS, and saying companies and individuals in U.S. don’t pay ANY income tax!

      Liked by 2 people

  28. free2313 says:

    If European and China can manipulate their currencies, why can’t America lower its currency until it is low enough to keep an even exchange; that equivalent difference in the exchanges that were in effect two weeks ago, between both European and China against American exchange???

    Like

    • Devaluing your currency evaporates the value of your citizens’ life savings.

      Liked by 5 people

      • And the value of real estate, residential and commercial…which is a huge chunk of US wealth. Not something PDT would personally favor.

        You’re talking basic economics 101.

        Liked by 1 person

        • Elle says:

          soooo…they will all be investing in real estate here in the USA. I like it.

          Liked by 1 person

          • That is a likely scenario, because no way PDT is going to go along with anybody who wants to devalue the dollar, thus de-valuating savings, real estate, etc.

            If one owns a $500M building and the dollar is devalued, that $500M figure drops considerably. Not gonna happen here, at least under PDT.

            So yeah, China and EU real estate owners are going to be looking for safer harbors but will take a beating with what they own in their respective countries.

            That being said, I really don’t want the Chinese to buy any more real estate here in the US than they already have.

            Like

    • GGHD says:

      If the USA started massive currency manipulation, it would be a financial disaster for the world.
      “The US dollar could well be described as the world’s currency, with roughly two thirds of all $100 bills held outside the US.” ~Skinner, banknxt(dot)com 8/4/2017
      “When a South African businessman buys supplies from China, he pays in US dollars. When central banks hold foreign reserves, they favour US dollars. All over the world, when things start to get crazy, people start putting $100 bills under the mattress.”

      Most Americans want an ~honest dollar. … Strong dollars and weak dollars are economic terms. Most Americans want honest elections and honest politicians too. [Except the known culprits]
      The US Dollar in many ways has replaced gold as a measure of value in the world. As an observation about human nature: = Many people, here and around the world, would be willing to burn-down houses, so they can rake through the ashes and bones to retrieve the gold.
      [God Bless America. We live in a great country. Trump ~2020. Keep America Great.]

      Like

  29. waicool says:

    USA consumers are NOT paying extra for tariffs, actually less (statistically); and, now sundance explains it all, very nice.

    Liked by 1 person

  30. Well China is Communist so this comes as no surprise, BUT……
    Folks, The EU is made up of Countries that we Saved, Rescued or Rebuilt during and after WWII.
    ~Pres.Trump is correct in (Calling-Them-Out) for their TREACHERY against the U.S. Economy.~

    Liked by 3 people

  31. bkrg2 says:

    Trump plays five steps ahead on a 64D chess board while the globalist pkay monopoly.

    No matter who gets the next move, Trump will ultimately win

    Like

  32. TreeClimber says:

    My sister recently bought a MAGA hat. Everyone I know will be voting in 2020 – myself, my husband, my sister and mother, likely their respective male partners. We’ll help get him re-elected!

    Liked by 2 people

  33. HM3Navygal says:

    What’s crazy is their negative interest rates they’re paying in the EU! You get to pay THEM for using your money?

    Liked by 2 people

  34. Arrest Soros says:

    The action by the European Reserve will have one profound effect, i.e. a large flow of money out of a weak Euro into a strong dollar. This is a given and non controversial.
    The Europeans (being the socialist pigs that they are) have been doing this since at least the Financial Crisis of 2007.
    Obama aided and abetted the Europeans by doing exactly as they did – print more money – in order to finance his “stimulus” and various boondoggles like Solyndra and bail outs. This damaged the US economy and the American people greatly.

    Let the Europeans impoverish themselves. The “asset class” of Europe will end up bringing their assets to the US, greatly benefiting America.

    Like

  35. Do stop thinking about tomorrow says:

    How long did it take Saudi Arabia devaluing the price of oil to drive American New Oil bankrupt. As I recall oil dropped to under 40 before crying uncle.

    Like

  36. NY Minuteman says:

    This harsh medicine is the cure the globe needs. IF the EU wants to play this stupid game it will be a rough ride. There is no coincidence that the size of our debt is roughly equivalent to our aggregate trade deficit, Abusive trade deals have served as a wealth transfer from the US to the ROW. Ross Perot warned us this would happen with NAFTA, and he was dead right.

    China and the US are in this to the end. The ROW will have to pick sides – do they want to be under the charming control of China or in fair trade with the US? Everyone hates Trump because he has made obvious truths inescapable and now they have to confront them. Tough love.

    Liked by 2 people

  37. bessie2003 says:

    Can’t thank you enough for these lessons on how this, tariffs, monetary devaluations, work. Glad to see I’m not the only one who has to read these three or more times to have the concepts sink in.

    Reading what is happening makes me very grateful that President Trump has Ross, Mnuchin, Lighthizer, Navarro, oh goodness, I can see the Koala with the sunglasses and have a mind blank on his name ( 🙂 ) on his/our team.

    Thank goodness that these brilliant minds are all working in tandem for the future of this nation. We are truly blessed.

    It’s probably a fair assumption that those working to keep their one-world-order intact until after President Trump’s second term ends will be planning some major financial upheaval around 6 months before the 2020 elections so whoever the Democrat candidate is they can claim that – whatever it is they are planning financially to mess up – is because of Trump, and use that to try and deny PDJT a second term.

    To create a havoc is all those losers have left, because they sure aren’t rooting for the United States. Knowing President Trump and his team are on the job is what calms my heart thinking on these things.

    Like

  38. James Felter says:

    “We” have been robbing the bondholders for a long time forcing the stockmarket with 0 to negative real interest rates for years. QE 1 to n has only been possible because ALL the central banks were in on the maneuver coordinating synchronized worldwide robbery of savers in favor of connected parties.

    President Trump is gradually prying the United States loose from this scam.

    If the Fed tries to crash the economy by raising US interest rates, then a Tsunami of cash flows into the US to invest. Without the regulatory brakes set by previous administrations, this grows the economy on steroids. There are good places for the money to go; there are plenty of opportunities for investment frustrated by a decade or more of deliberate discouragement of investment. There are corporations desperate to turn on as many operations as possible inside the US while obstruction is abated inside America. Electoral uncertainty actually encourages firms to do as much as possible before 24 idiots have their shot at monkeywrenching the economy by reinventing regulatory excuses why everything good is illegal for America… .

    This will work out very well for America.
    We will NOT elect one those idiots.
    KAG.

    Like

  39. Elle says:

    “Within this dynamic U.S. inflation is low, because the prices for durable good imports are now intentionally lowered.”

    We all understand that they will reverse this dynamic shortly before the election in the hope that Trump will be blamed for the sudden inflation. Right?

    That said I don’t see it working. People will easily see through it and it will just pi$$ them off. .

    Like

  40. 6x47 says:

    I thought the low inflation was due to the two trains on Wall Street and Main Street tracks …

    Like

  41. Pyrthroes says:

    Assuming that global demand for U.S. agricultural exports remains relatively constant (where else are these foodstuffs & etc. coming from?), wouldn’t a strong dollar raising unit-FX prices redound to American farmers’ benefit?

    Since our ag-sector apparently is up-in-arms as China and the EU’s “imported deflation” increases export-pricing differentials, American producers are not benefiting… but if demand is stable of necessity (“people must eat”), is this an artifact of global corporations’ effectively monopolistic allocations, as Sundance has long said? We’d appreciate an explanation here.

    Like

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