Winning Has Consequences – Head of European Central Bank Says President Trump Outwitting Global Control Officers…

Leftists love to trot out Christine Lagarde as the pontificating elite to defend their multinational interests.  Recently the former IMF leader was elected to take control of the European Central Bank.   As a direct result, Ms. Lagarde is now taking an adverse position toward a strong U.S. economy and decrying the ‘America-First’ policies of President Trump that have removed the tentacles of global financial control.

If you follow trade, finance and the interests of the multinationals, this is actually quite funny.  In this first brief interview segment Ms. Lagarde, has the elitist audacity to warn President Trump that lowering U.S. interest rates defeats the agenda of the EU.  She doesn’t put it in those terms, but watch and we’ll explain:

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Notice how Lagarde magnanimously claims that lowering interest rates when the U.S. economy is strong, and the U.S. unemployment rate is at historic lows, could lead to rising prices inside the U.S.  Too damned funny; how very kind of the EU to be worried about U.S. consumers… (pro tip: they ain’t).

What she’s really worried about is the dynamic that President Trump has created that is crushing the globalists. Let’s expand.

(Story Link)

♦ The EU economy writ large is contracting, shrinking, due to a lack of investment. The EU has dropped their interest rates in a futile effort to stimulate internal investment… but it ain’t happening. The consequence of the EU lowering rates into negative territory is a weakened EU currency. Two things are happening:

#1) The EU currency dropping means any exports from the EU are less expensive. This is part of the reason for lowering the value of their currency, to keep an export dependent economy alive. However….

#2) By dropping interest rates and driving down their own currency, the value of the dollar increases. This dynamic means EU banks actually purchase U.S. Treasuries for a return. [There is no return in the EU] And simultaneously this drives up the value of the dollar, making any U.S. imports of EU products cost less.

The combination of a weaker EU and a stronger dollar means the prices of the products we would import from the EU are lower. In essence, much like China, the U.S. is importing deflation from Europe.

Any U.S. import company that is not now renegotiating the prices of purchases is a fool. Now is the time for all U.S. companies to drive hard bargains from Asian and EU corporations who wish to sell goods into the U.S. From all current indicators these renegotiations for lower prices is happening both on the Chinese side and the European side.

Ms. Lagarde is not worried that lower U.S. interest rates will drive up U.S. prices, she is worried that lowered U.S. interest rates means greater internal investment in the U.S., while her EU is in direct competition for those investment dollars. Additionally, Lagarde knows that President Trump has boxed them into a trade spiral with no escape.

The lower price of EU products means President Trump can apply greater tariff pressure on the EU and still not create inflation within the U.S. on the imported categories. This is the same outcome Trump’s ‘America-First’ policy is doing to China.

♦ Secondly, it is President Trump’s confrontation with China that has caused Beijing to slow down, and in some cases stop, their industrial purchases. The EU economy, specifically Germany, Italy and France, are dependent on purchases from China. As China stops buying stuff, the EU economy contracts. This is what is happening right now.

If you elevate your perspective what you realize is that every dollar the U.S. does not give to China means one dollar less that China has to purchase from the EU. Yes, that is correct… the U.S. $500 billion annual deficit with China is what allows Beijing to purchase industrial goods from Europe.

As President Trump resets the U.S. trade imbalance with China, he simultaneously diminishes the EU economy. THIS dynamic is what Christine Lagarde is really upset about.

So now we look at the second Lagarde “citizen of this world” soundbite (embedded in tweet) listen carefully:

https://platform.twitter.com/widgets.js

In that soundbite “U.S. losing leadership” really means the America-First policies of President Trump means the U.S. is no longer spreading American wealth to the rest of the world.

♦ For more than three decades global economies have grown by removing wealth from the United States.  The U.S. multinationals (Wall Street Corporations and pundits) have countered the economic arguments by claiming those global economies have purchased U.S. treasuries; but that means we trade our current wealth for future debt.

President Trump has reversed this dynamic.  We are repatriating our national wealth through new trade policies and will pay for any incurred foreign debt by expanding our own economy and controlling our own destiny.

This is really what’s happening within the global economy that is causing massive reactions by those who were dependent on the status quo.   The ‘America-First’ agenda uses the size and scale of the U.S. market to drive up U.S. wealth, and then stops the export of the dollars generated by making the U.S. the best place to retain investment.

You might remember back in July the IMF, which is euro-centric, increased the projected U.S. economic growth for 2019 to 2.6 percent. They then warned everyone else, that globally the world economy is in a position of weakening, or shrinking etc; and you won’t be surprised at the reason for the IMF negative global forecast. Of course it’s horrible Trump and his strategic trade reset that’s to blame. Grumble, grumble, grumble.

♦ In the bigger picture this is why President Trump is the most transformative economic President in the last 75 years. The post-WWII Marshall Plan was set up to allow Europe and Asia to place tariffs on exported American industrial products. Those tariffs were used by the EU and Japan to rebuild their infrastructure after a devastating war. However, there was never a built in mechanism to end the tariffs…. until President Trump came along and said: “it’s over”!

After about 20 years (+/-), say 1970 to be fair, the EU and Japan received enough money to rebuild. But instead of ending the one-way payment system, Asia and the EU sought to keep going and build their economies larger than the U.S. Additionally, the U.S. was carrying the cost of protecting the EU (via NATO) and Japan with our military. The EU and Japan didn’t need to spend a dime on defense because the U.S. essentially took over that role. But that military role, just like the tariffs, never ended. Again, until Trump.

The U.S. economy was the host for around 50 years of parasitic wealth exfiltration, or as most would say “distribution”. [Note I use the term *exfiltration* because it better highlights that American citizens paid higher prices for stuff, and paid higher taxes within the overall economic scheme, than was needed.]

President Trump is the first and only president who said: “enough”, and prior politicians who didn’t stop the process were “stupid” etc. etc. Obviously, he is 100% correct.

Fast forward to 2017 through today, and President Trump is now engaged in a massive and multidimensional effort to re-balance the entire global wealth dynamic. By putting tariffs on foreign imports he has counterbalanced the never-ending Marshal Plan trade program and demanded renegotiation(s).

President Trump’s goal is reciprocity; however, the EU and Asia, specifically China, don’t want to give up a decades-long multi-generational advantage. This is part of the fight.

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This entry was posted in Bailouts, Big Government, Big Stupid Government, China, Decepticons, Deep State, Dem Hypocrisy, Donald Trump, Economy, Election 2020, European Union, Japan, media bias, Notorious Liars, Occupy Type Moonbats, President Trump, Professional Idiots, propaganda, Trade Deal, Typical Prog Behavior, Uncategorized, United Kingdom (UK) and Great Britain, US dept of agriculture, US Treasury, USA, USMCA. Bookmark the permalink.

160 Responses to Winning Has Consequences – Head of European Central Bank Says President Trump Outwitting Global Control Officers…

  1. littleanniefannie says:

    The EU is taking a butt-whipping from our President. Chinese too!

    Liked by 17 people

    • VoteAllIncumbantsOut says:

      No one is investing because Draghi has been buying back the bonds instead of letting them mature. This means that investors have no confidence and therefore they will not invest.

      This idiot Lagarde is a lawyer NOT an economist though she pretends to be one, they are in dire straits so be ready for some really exciting markets coming your way.

      You can’t take 28 nation states put them together while keep their sovereign debts separated, the EU was a failure from the start.

      Liked by 17 people

    • John Lott says:

      That picture at the bottom could be the sister picture of my favorite, ‘Boulevard of broken dreams’. The shadows of Obama and the Clintons’ behind Mr Trump with a knives would have made it compete.

      Liked by 2 people

    • LookUp says:

      I love our president. I cannot say that about any other. May the hand of God smite any who attempt to harm him.

      Liked by 9 people

    • nattyrem420 says:

      Soon these great nations of the former EU will be forced to vote for a progressive president as we have. Soon the death grip of the Globalist cabals on us all will be no longer!

      Liked by 2 people

    • Jack Mack says:

      Economic Systems: The alarmists keep telling us their concern about global warming is all about man’s stewardship of the environment. But we know that’s not true. A United Nations official has now confirmed this.
      At a news conference Feb 10 2015 in Brussels, Christiana Figueres, executive secretary of U.N.’s Framework Convention on Climate Change, admitted that the goal of environmental activists is not to save the world from ecological calamity but to destroy capitalism.
      “This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for at least 150 years, since the Industrial Revolution,” she said.
      Referring to a new international treaty environmentalists hope will be adopted at the Paris climate change conference later this year, she added: “This is probably the most difficult task we have ever given ourselves, which is to intentionally transform the economic development model for the first time in human history.”
      The only economic model in the last 150 years that has ever worked at all is capitalism. The evidence is prima facie: From a feudal order that lasted a thousand years, produced zero growth and kept workdays long and lifespans short, the countries that have embraced free-market capitalism have enjoyed a system in which output has increased 70-fold, work days have been halved and lifespans doubled.
      Figueres is perhaps the perfect person for the job of transforming “the economic development model” because she’s really never seen it work. “If you look at Ms. Figueres’ Wikipedia page,” notes Cato economist Dan Mitchell: Making the world look at their right hand while they choke developed economies with their left.

      Read More At Investor’s Business Daily: http://news.investors.com/ibd-editorials/021015-738779-climate-change-scare-tool-to-destroy-capitalism.htm#ixzz3UBxqTgeF
      Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook

      Liked by 6 people

    • mopar2016 says:

      The head of the European Central Bank is going to tell the US how it’s done?
      Our economy has skyrocketed, and the economy of Europe is in the dumpster.

      These pompous clowns shouldn’t be giving advice to anyone. What a joke!
      Never been impressed with Christine Lagarde, she got in some trouble back when she was in charge of the IMF. But of course the elites are immune any real justice.
      https://www.independent.co.uk/news/world/europe/christine-lagarde-convicted-imf-head-found-guilty-of-negligence-in-fraud-trial-a7484586.html

      Liked by 1 person

  2. bocephusrex says:

    Great piece which made me feel great–however all the more reason for the Uniparty to try and remove him– God bless our VSGPDJT

    Liked by 18 people

    • wendy forward says:

      Also made me glad that even back in my tanorexic days I never got much sun on my face.

      BF still watches “60 Minutes” occasionally-I make him wear the headphones.

      Liked by 6 people

    • sundance says:

      Liked by 16 people

      • neal s says:

        That is amazing. There exists at least one economist who is not wrong and/or insane. His Nobel prize is certainly one which was not incorrectly awarded. If only more people would listen to such voices of reason and understand better.

        Thanks to Sundance for sharing and for all that you do.

        Liked by 7 people

      • BitterC says:

        If PDJT is causing a recession in the EU and China, won’t that effect the USA eventually? I have no desire to destroy anyone else’s economy….even China’s…they have too many people and too many nukes

        Like

        • Rhoda R says:

          President Trump isn’t cause a recession anywhere, it is the globalist puppet masters that won’t give up their command economy approach to national economies.

          Liked by 5 people

  3. LaGarde was signaling our Fed NOT to cut rates
    … to allow the EU’s currency devaluations to undercut USA exports
    … making our Trade Deficit with the EU permanent
    … undermining our GDP Growth
    … to undermine public support for President Trump’s 2020 Reelection.

    POTUS will continue to maximize Energy Production
    … Creating an Over-Supply
    … Causing Prices to Drop
    … Boosting Energy Exports
    … Neutralizing any Domestic Inflation.

    Liked by 25 people

  4. Old Dawg says:

    How wonderful to have a president who actually considers the people who selected him to lead. Just imagine IF we had had 2-3 presidents like Trump during the past 75 years instead of the self-serving corruptocrats we’ve had. The world would be a vastly different place!

    Liked by 22 people

  5. First we need to air brush Bolton out of that picture!! Back stabber!!

    President Trump is a very wise man and he’s got them all worried and soon they will all be On their knees!!💜

    Liked by 8 people

  6. scrap1ron says:

    The IMF is a money laundering and wealth redistribution scheme used to separate US citizens from their wealth. Screw them.

    Liked by 12 people

  7. JohnA5150 says:

    Never, ever forget that the founder of the IMF, Harry Dexter White, was a Soviet influence agent (worse than a spy, he manipulated American policy to benefit Stalin’s interests), and was outed when the Venona Decrypts were declassified in 1995.

    Liked by 20 people

    • Larry Charles says:

      That’s right.

      Liked by 1 person

    • old codger says:

      Even worse was “co-President” Harry Hopkins, who used the bedroom next to FDR’s in the White House and had breakfast every morning with him!

      Opened Soviet archives strongly indicate Hopkins was the top Soviet influence agent in the US government Hopkins was truly the one negotiating with Stalin about carving up Europe, as FDR was too sickly other than to t fawn over Stalin during Yalta! !

      Liked by 9 people

      • American Heritage says:

        Currently re-reading Diana West’s, “American Betrayal,” which documents this very calumny and how it has subversively grown and spread throughout every foundational institution in America to make us the fractured nation we are today.

        Liked by 5 people

        • jnr2d2 says:

          Although I am 70+, if I were young, and knowing what I know now — I’d never serve in the military to protect the “World Order.” As Patton said:” Let the other dumb son of a bitch die for his country!!!!!”

          Liked by 4 people

          • jrapdx says:

            You’re right in the first thing you say, but it’s one thing to sacrifice for the “World Order” vs. the willingness to fight for one’s country. I’m sure we’d regard the latter as noble and patriotic, the former not very smart or worthy at all.

            Like

        • Maga Jim says:

          Sounds like we should get the hell out of the IMF as well since it has outlived it’s purpose, just like the UN.

          Liked by 1 person

  8. KNOCK-ON IMPLICATIONS:

    The EU and China about to run out of OPM [Other People’s Money] … namely the USA’s.

    EU Socialists are beginning to face UPRISINGS … Political if not Physical.

    Chinese Communists are facing the same.

    Those who abandon their pernicious Socialist & Communist Systems MAY be in time to save themselves.

    The world’s tectonic plates are shifting:
    PARTNERING-in-RECIPROCITY with President Trump may become their only salvation.

    Liked by 16 people

    • OTOH, if America-First Patriots allow the UniParty to Impeach our President,

      WE’RE DEAD.

      Liked by 9 people

      • RobInPA says:

        What? Over? Did you say ‘over’? Nothing is over until we decide it is! Was it over when the Germans bombed Pearl Harbor? Hell no!…

        It ain’t over now, ’cause when the goin’ gets tough, the tough get goin’. Who’s with me? Let’s go! Come on!…

        What? Over? Did you say ‘over’? Nothing is over until we decide it is! Was it over when the Germans bombed Pearl Harbor? Hell no!…

        It ain’t over now, ’cause when the goin’ gets tough, the tough get goin’. Who’s with me? Let’s go! Come on!…(He ran to the front door but no one followed him)

        What the f–k happened to the Delta I used to know? Where’s the spirit? Where’s the guts, huh? This could be the greatest night of our lives, but you’re gonna let it be the worst. ‘Ooh, we’re afraid to go with you, Bluto, we might get in trouble.’ (shouting) Well, just kiss my ass from now on! Not me! I’m not gonna take this. Wormer, he’s a dead man! Marmalard, dead! Niedermeyer, dead!

        Deep State? Gonna be dead!!

        We’re just the guys to do it…LET’S DO IT!

        Liked by 4 people

  9. Atomic Hillbilly says:

    Free markets will sort this out.

    Those export dependent corporations that can’t survive without being propped up by the American tax payer will either fold up or move their factories to the United States.

    The ones that fail will surrender their market niche to an American manufacturer (if the market deems it worthy), while the companies that relocate will share the wealth with American employees and the cities they live in.

    Their gravy train has a few flat tires.

    Liked by 4 people

  10. I love my President 🙂

    Liked by 7 people

  11. Weylan McAnally says:

    I watched that 60 Minutes interview. I was screaming at the TV every time she spewed her globalist nonsense. She is trying to get Trump and the Fed to play nice and let the EU have negative interest rates. Once China capitulates, the EU is next and Lagarde knows it.

    Liked by 8 people

  12. Jim in TN says:

    They have all squandered the advantages they took of our good nature. Now, they desperately need to keep taking advantage to maintain their systems of graft and socialism. Sorry about being redundant.

    Liked by 8 people

    • mr.piddles says:

      You realize this is all because Hillary lost the 2016 election… right?

      BWWAAAHHAAAAHHAHHAAAAHHAHAHAHAHAAAAHHHAHAHAAHA…. aaaaaahhh! Globalists.

      Liked by 7 people

      • Rhoda R says:

        Don’t laugh too hard. The globalist deep state IS international and they will ALL be gunning for our President in the next election. The money laundering for the dem candidate from overseas sources is going to massive. I also expect multiple dirty tricks – not just against Trump but also against all GOP candidates – particularly Senatorial candidates. We are going to see massive voter fraud attempted – if not succeeding – at a level we’ve never seen before in our history.

        Liked by 1 person

        • American Heritage says:

          Unsettling to think of the multinational corporations and mega banks that control money supply, prices and distribution of all manner of basic life resources, using their leverage to bring us to heel. Whatever disruption we’ve caused in their NWO economic system, and international hegemony, they still have enormous power and resources to make us suffer economically.

          Like

        • Will Hunt says:

          The biggest leftist, voter fraud push will likely be in the Senate elections. I think they’ve accepted that Trump will win again but they’ll max mudsling all the way through.

          Like

  13. donny2837 says:

    WOW! Didn’t know Christine Lagarde is the head of the European Central Bank. (No wonder she looks so forlorn in these vids.). What a Commander in Chief we have. He has all his enemies fighting among themselves. Now he has the world’s central banks fighting. The same few banking families own all the central banks of the world. ergo: they fighting themselves.

    Prediction: President Trump is going to let them fight for awhile, then kick their butts out of the U.S. End the Fed.

    Liked by 6 people

  14. Bubby says:

    ♦ In the bigger picture this is why President Trump is the most transformative economic President in the last 75 years. The post-WWII Marshall Plan was set up to allow Europe and Asia to place tariffs on exported American industrial products. Those tariffs were used by the EU and Japan to rebuild their infrastructure after a devastating war. However, there was never a built in mechanism to end the tariffs…. until President Trump came along and said: “it’s over”! – Sundance – Amen!

    But that never comes across in any msm discussion of the President’s tariffs! So if I understand this correctly as prices fall for European goods US tariffs are applied? Otherwise without the tariffs a BMW X3 would cost less than a Ford Edge and who would buy the Ford if the BMW was a lot cheaper? What China did to us? It’s just a simple hypothetical. Is that correct?

    Liked by 2 people

    • FL_GUY says:

      You wrote; …The post-WWII Marshall Plan was set up to allow Europe and Asia to place tariffs on exported American industrial products. Those tariffs were used by the EU and Japan to rebuild their infrastructure after a devastating war……

      So We the People had to pay and pay for the destruction caused by our enemies. Not only giving up the lives of our people as well as the health and well being of untold survivors (I had relatives who were emotionally damaged by WW2) , we had to pay for someone else’s misdeeds. That’s a classic example of socialism. I don’t like it and glad President Trump is ending it for We the People.

      Liked by 4 people

    • felipe says:

      Bubby: “Is that correct?”
      Well, in your particular example, no. The BMW X3 has been built in Spartanburg, South Carolina since 2018, so it would not be subject to tariffs. Along with the relocation of many European, Japanese and Korean auto manufacturing plants to the U.S. and Mexico, many of the component suppliers have done likewise.

      Liked by 1 person

  15. Raptors2020 says:

    We’re seeing the new phenomenon of left-wing capitalists: they support business, but oppose the policies that make it possible. The silicon valley billionaires, in particular, are quite happy to enjoy the fruits of their success, but seem eager to cut down the fruit tree.

    The Europeans have embraced the Left’s obsession with population control, meaning low birthrates, but have now realized the obvious: they’re running out of people. These very confused people have yo-yoed to the other extreme of unfettered immigration and refugee admittance. Check out Mark Steyn’s America Alone.

    One theory of what caused the sub-prime mortgage crisis was the low birthrate in Europe; no young people means no investment opportunities. Young people start businesses, young people build houses. Young people consume. Europeans instead looked to America to invest: they bought those bonds (securities?) of very dubious value.

    Liked by 2 people

  16. Patience says:

    The ‘world’ needs to remember (and never forget) that ‘they’ all have needed the USA
    >and need it more then ever.

    If the world went the way the NWOWO leftists want, WHAT would ultimately happen to it?

    Liked by 2 people

    • jrapdx says:

      Very good question. Considering that even under the best circumstances humans are contentious creatures, how long could any imposed “New World Order” endure? How long before tribal loyalties begin to overcome the straight jackets such governance relies on for its persistence? The inevitable buildup of resentments among the have-nots against the “elites” would soon or later boil over into terrible strife and destruction.

      We know this is so because in various forms it’s happened many times in history. President Trump is right in more ways than immediately apparent—promoting nationalism, economic development and assuring freedom from coercion by other countries is the best path to peace among nations.

      Like

  17. billrla says:

    Lagarde has done wonders for the spray-tan industry and 5-star restaurants.

    Liked by 2 people

  18. Bogeyfree says:

    I wonder if there is anyway to put a dollar amount on how much each American during these 50+/- years in essence has overpaid to fund the rest of the world.

    Is it 10,000 each, 50,000 each, 100,000 each. Would be an interesting exercise for a super numbers person.

    Liked by 4 people

    • Bubby says:

      Bogey I look at it differently. I never worked in this strong of an economy during my 45 years of working from the late 60s until retirement. Finding work and keeping it was work itself. I don’t believe I was over paid as much as I was over taxed during those years to “fund the rest of the world”! Just how I see things. I would have loved to have worked during a economy like this! Godspeed President Trump!

      Liked by 2 people

    • American Heritage says:

      We need to start insisting on reparations. Everybody else is.

      Liked by 1 person

      • ann says:

        Reparations for the decades of verbal abuse our country has endured, manipulative rhetoric and policies designed to attack our cohesion as one people, regardless ofskin color.
        slander, incitement of civil disorder, public terror
        Knowingly spreading falsehoods for political gain , fostering paranoia & financing agit prop & mob intimidation, predicting/threatening riots, sponsering invasions,

        They owe us big time for making political discourse miserable.

        What we have been subjected to by SJW snots, as if Americans & our ancestors are a sinkhole of depraved humanity.

        Liked by 1 person

  19. WES says:

    Yeah, winning means having to put up with losers!

    Liked by 1 person

  20. Ghost says:

    Observations from a smaller limb.

    First and foremost simply brilliant analysis that is the trademark of Sundance.

    It really doesn’t matter what they do as we just learned from the last rate cut by the fed and the bond sale by the Bundesbank. They wanted the Fed to lower the rate to close the interest gap and they did last month. Then they realize it didn’t help because the flow of capital into the U.S. continued unabated.

    PDJT hasn’t even gone after the EU and he has already set up the perfect WIN WIN.
    😎

    Liked by 6 people

  21. Vince says:

    How about we offer 30 year bonds at 1% and let the EU rebuild our interstate highway system? Money left over can be loaned at 1% to railroads for improvements.

    Liked by 2 people

  22. Zippy says:

    Injustice is not found just in this former republic. Her punishment for the following? Appointed Head of European Central Bank. “Laws for thee… but not for me.”

    Christine Lagarde convicted: IMF head found guilty of criminal charges over massive government payout – But former French finance minister, who faced potentially one year in jail, will not face any punishment
    19 December 2016

    https://www.independent.co.uk/news/world/europe/christine-lagarde-convicted-imf-head-found-guilty-of-negligence-in-fraud-trial-a7484586.html

    Liked by 2 people

  23. DanJ1 says:

    Remember too that the EU didn’t get hundreds of millions of dollars promised by Obama under the guise of Climate Change which truly was just a redistribution scheme plain and simple.

    Liked by 4 people

  24. KATH says:

    I LOVE PRESIDENT DONALD J TRUMP

    Liked by 5 people

  25. Heika says:

    These globalist scum – boil my blood. Here we are Christine… you are ‘so so smart’, driving that huge aeroplane that you do all the fine tuning, and Trump can blow you up with a few tweets. Stupid arrogant handbag.

    Here is some more rough medicine. Another stupid globalist Merkel admitting she stuffed up. Crying now because she found out ‘the wont integrate’. Stupid stupid stupid. FIX IT or get off the pot. AND LEAVE TRUMP ALONE.. Gosh they make me cross. They destroy everything with their stupidity, then start bleating about tripping on a banana peel. https://www.zerohedge.com/geopolitical/merkel-admits-german-multiculturalism-has-utterly-failed

    Liked by 4 people

  26. JaimeInTexas says:

    In that nterview, Lagarde said she is not set of the Elite, that she is regular folk. What a bonehead!

    Like

  27. clipe says:

    Andrew Neil, the best thing in television, is referring to Christine Lagarde when he mentions fraud

    Liked by 2 people

  28. SAM-TruthFreedomLiberty says:

    We paid for the social systems of Europe and have to listen to morons like Bernie how they’re superior to our system.

    Liked by 6 people

  29. DiogeneseVindicated says:

    ‘President Trump’s goal is reciprocity; however, the EU and Asia, specifically China, don’t want to give up a decades-long multi-generational advantage. This is part of the fight.’

    Someday they will need to do what Trump did. Reduce regulations and taxes, incentivize their main streets. For the EU they will need to cut back on their social programs that Americans have so unwittingly funded by cutting back on ours. I also wonder how much European citizens are being fleeced by their politicians too. Maybe that’s the area we are both struggling to contain.

    Liked by 3 people

  30. howardrichman says:

    Somebody should ask Legarde about the billions of dollars IMF obtained from the US then loaned to Ukraine. Much of it disappeared despite Vice President Biden being in charge of preventing Ukrainian corruption. Senator Ron Johnson mentioned the theft of US aid in his interview yesterday with Mark Levin (at 7:45 mark in video below):

    “By the way, there’s a fair record of U.S. support getting wasted in Ukraine. Just going into banks and not anybody knowing where it ever goes to.”

    Liked by 5 people

  31. great president ever had, thank you president Trump hard working everyday,

    Liked by 3 people

  32. CaptDMO says:

    More women controling the cash flow you say?
    Ms. Lagarde neglected to mention how many municipal fiduciary folk , convicted of embezzlement,
    are women that ultimately serve n prison time>

    Liked by 2 people

  33. davidsstones says:

    Such good news Sundance; a defining explanation of a tapestry. If Americans read this, clarity of the real motivation to impeach might wake voters. Brilliant. Finally I see the Marshall Plan from it’s inception studied in school into depletion of America’s workforce left behind because we couldn’t produce things as cheaply or wanted to live the Chinese dream or the Japanese dream.
    It was our dream, our creation, our hard work, our form of government eroding by out stretched palms. This explains Obama’s compulsion of all things European starting with his inauguration display after Pennsylvania Avenue.

    Liked by 2 people

  34. trapper says:

    Readers of this article should save it in their “seminal articles” folder to share with friends to provide them with a thumbnail explanation of what is going on. What Trump is doing cannot be fully understood without pulling up to 30,000 feet and viewing a continuum that began with the Marshall Plan. This article provides a broad outline that individual elements may be plugged into. Well done.

    Liked by 3 people

  35. Arrest Soros says:

    Lagarde is the epitome of a Euro Corruptocrat. Swamp dweller extraordinaire.
    Let’s look at this statement…

    Additionally, Lagarde knows that President Trump has boxed them into a trade spiral with no escape.

    In fact there is an escape but the corruptocrats with their totalitarian streaks won’t take that route.
    All Europe needs to do is CUT REGULATIONS, especially to their energy sector (electricity prices are a killer in the Euro zone), free up their markets (closed market for all intents and purposes) and lower their taxes.
    Essentially, stop being socialists and start being free marketeers.

    But these Euro corruptocrats will never take that route. They’d rather wait out PDJT, hope their own citizens don’t revolt (or believe they can control any revolt, like Brexit) and deal with the next President hoping to corrupt him/her, which will be easy if it”s a Demonrat.

    So yeah, there is an escape, but these thieves won’t take it.

    Liked by 6 people

    • Kinda like the Ol’ Lady German Lady, Merkel, who cut the electrical power from nuclear reactors and started relying on the Wind!!! She probably has enough air to blow it out the other end for even more air generation!!!! JUst syain’!!!

      Liked by 1 person

  36. Carrie says:

    I saw a clip of her speaking in that haughty manner about the US and banging on about “the rule of law”. I immediately thought of her 405€ million fraud case with Tapie and thought how ridiculous it was that no one challenged her on that. It’s patently absurd to put a microphone under this woman’s nose for an opinion about the US when she is a convicted criminal for financial fraud.

    Liked by 7 people

  37. Somebody's Gramma says:

    Thank you so much for this Sundance!! I wish I was rich, I’d redistribute my wealth to you!! When I watch her, I am filled with disgust at her total and utter arrogance, and her disdain for our Master in Tweet. I love our President!! I think he’s smarter than all of them. I think he loves us and America. I feel like we are in good hands with this President.

    Liked by 3 people

  38. dufrst says:

    China is the worse offender of the Bretton Woods Era. It is communist and was aligned with the USSR until it broke away to open to the West under Nixon. Then after the USSR collapsed, the US under Bill Clinton had the idea of bringing China along by allowing it to enter the WTO. This has proven to be an unmitigated disaster where China never reformed, yet took full advantage of the US Bretton Woods system to build itself back up and then try to supplant the US globally with its One Belt, One Road Initiative (BRI). If Trump was never elected, as he’s correctly said, we would have continued to bankrolled our demise at the hands of China.

    It’s imperative that we reelect President Trump in 2020 so that he can finish the job of unwinding the Bretton Woods system that saw the US provide economic and military benefits in return for allies against the USSR. The USSR is long dead and we are trillions in debt fighting wars and bankrolling “developing” countries like China and India, while providing for the defense of financially rich nations like Saudi Arabia, Germany and Japan.

    Those for the status quo will do everything they can to get Trump out of office in 2020. In 2016, the look at Trump and his rhetoric with bemusement not ever thinking he could do what he said he would. Now, they see his determination and they know that Trump, unencumbered by a looming election will be even more forceful in demanding full NATO funding (or else the US will withdraw) and reciprocal trade (else the US will withdraw from WTO), and global institution bankrolled by the US fully promoting freedom and capitalism (else the US will withdraw from the UN).

    De-globilization is at hand. The US will end the era of globalism and its failures and usher in a great era of nationalism where trade is reciprocal, immigration is a sovereign decision not one imposed by the immigrants, and where the US military is never taken for granted! The US will decouple from China and EU and will foster the alliances with like minded powers that are democratic and capitalist like Japan, UK, Australia, Brazil, India, and the ASEAN nations (Indonesia, Malaysia, etc). The US will decidedly end the stupid wars and focus its military on strategic geopolitical foes such as China and Russia.

    Finally, we will have an end to open borders and our people will be put first. No cuts in our entitlement programs to bankroll China’s BRI ! Instead we will tax the world and make our sons and daughters rich and keep the promises to our seniors. Reagan talked about a shining city on a hill. Trump will build that shining city if he can be reelected in 2020! MAGA! KAG!

    Liked by 4 people

  39. The Globalists must be terrified. Not just of President Trump, but that the gig is up. We’re on to them. The fat lady is singing. The dogs aren’t eating the toothpaste that’s not going back in the tube–all of it.

    Our fifth caller, a Mr. T. Jefferson of Virginia says “All eyes are opened, or opening to the rights of man. The general spread of the light of science has already laid open to every view the palpable truth that the mass of mankind has not been born, with saddles on their backs, nor a favored few booted and spurred, ready to ride them legitimately, by the Grace of God.”

    They fear President Trump, but they also fear that their sweet, sweet free ride at our expense is finally over. They’re looking at a life like Harvey without his casting couch con. They may actually have to earn it honestly for a change. And it terrifies them.

    Liked by 3 people

  40. Tom says:

    I was trying to remember who that guy was that they stabbed in the back so they could place LaGarde in that position. Anybody remember the patsy ?

    Like

  41. 0_Henry says:

    Let’s hope this economic gain for the US means paying down the national debt!

    Like

  42. Plow boy says:

    I don’t care. So what. Let them all crash. Serves them right. Let’s drink another beer and watch them go down in a blaze. I want to see it happen TOMORROW. Eat, drink, and crash. Love it.

    Like

  43. sarasotosfan says:

    Thank you Sundance for giving this story the attention and framework that it deserves.

    The commiseration between CBS and Lagarde was simply too rich.

    Winter is coming.

    Liked by 2 people

  44. Jack Rail says:

    Thanks for this rundown, sundance. It’s actually all very simple. This theft from the US taxpayer took the connivance of presidents from Nixon thru Obama. Grrrr!

    Like

  45. chuckyschmucky says:

    Trump is amazing. He’s been talking about many of these matters for decades, particularly with respect to China. And he comes in and attacks these problems with a purpose and with a passion, and in a matter of mere months, starts getting precisely the results he insisted would happen. And the best is yet to come.

    EVERY other politician who has touched on these issues used them as a nothing but a campaign talking point, to be dropped and forgotten the moment they got elected. Trump was every bit as serious about these things as the globalists — and the corrupt Obama thugs who tried to take him out — feared he’d be.

    Liked by 2 people

  46. H.R. says:

    Omigosh! McTurtle has a twin sister! Who knew?

    Like

  47. Let’s not forget – LaGuarde is a criminal in her own country – she was busted for some embezzlement scheme or another. This was years ago, but she was already in her IMF role when that broke. No doubt much got “covered up” as the left do…..but she’s as Swampy as….

    Liked by 1 person

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