Jumpin’ ju-ju bones, I think we may have found Wilbur Ross’s replacement. In this segment on CNBC Trump transition team leader Howard Lutnick, explains simple MAGAnomics to the panel. Make this guy both Commerce Secretary and Chairman of the National Economic Council in 2025!
Starting with an explanation of his role within the Trump 2025 transition team, Lutnick then walks through the MAGAnomic principles enmeshed in President Trump’s economic policies. Mr. Lutnick begins the policy part by outlining how energy restrictions are driving inflation through higher costs of goods. Yes. Yes and Yes.
Then Lutnick shifts to talking about tariffs and is one of the only advisors outside the 2017 team (Robert Lighthizer, Wilbur Ross) who factually references ending the insufferable “Marshal Plan.” Again, yes, yes and YES.
Howard Lutnick gets it. The essential core of MAGAnomics. Drive down the cost of goods through expanded energy development, then leverage reciprocity in tariffs to end the exfiltration of wealth. Then cut out regulation and unleash American enterprise. This is the way to reverse this insufferable economic trajectory that creates a “service driven economy.” The entire interview is well worth watching:
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A bonus video below.
One video with two minutes of Kamala Harris and Donald Trump both answering the same question. Listen to both sets of answers and it is clear who factually understands what needs to be done, and who is totally clueless.
President Trump and Kamala Harris were each asked about their specific plan for the economy to benefit the American people.
Let’s compare and contrast their responses. Each candidate gets two minutes.
Go!
Links to full interviews:
1. https://t.co/aFY9I31tqK
2.… pic.twitter.com/l70wT9AGY7— Golden Advice 🇺🇲🇺🇲🇺🇲 (@RichardStiller4) September 16, 2024
President Trump economic policy -vs- Joe Biden economic policy
When wages (blue line) are above inflation (red line) our income is growing, life is good and the working class has more disposable income to enjoy life. However, when wages (blue line) are lower than inflation (red line) our income is shrinking, life is a struggle and the working class has less disposable income to enjoy life.

♦ Point One – Nothing happens accidentally. The road to a “service-driven economy” is paved with a great disparity between financial classes. The wealth gap is directly related to the inability of the middle class to thrive.
♦ Point Two – There is nothing of value behind the obtuse term “service-driven economy.” The multinationals are paying for this administration, just like they paid the Obama administration; paying for economic policy that advances their interests. Congress goes along with the K-Street demands, because Wall Street is now the primary benefactor of legislative intent. Nothing about their effort is done with American interests in mind.
To go deep, keep reading.
♦ Point Three – Traditional Fascism was defined as an authoritarian government working hand-in-glove with corporations to achieve totalitarian objectives. A centralized autocratic government headed by a dictatorial leader, using severe economic and social regimentation, and forcible suppression of opposition.
That governmental system didn’t work in the long-term because the underlying principles driving free people rejected government authoritarianism. Fascist governments collapsed, and the corporate beneficiaries were nulled and scorned. Then along came a new approach to achieve the same objective.
The World Economic Forum (WEF) was created to use the same fundamental associations of government and corporations. Only this time the corporations organized to tell the governments what to do. The WEF was organized for multinational corporations to assemble and tell the various governments how to cooperate to achieve control.
Fascism is still the underlying premise, the WEF just flipped the internal dynamic.
The assembly of the massive multinational corporations, banks and finance offices now summon the government leaders to come to their assembly and receive their instructions. Some have called this corporatism. However, the relationship between government and multinationals is just fascism essentially reversed with the government doing what the corporations tell them to do.
…A massive multinational corporate conglomerate; telling a centralized autocratic government leader what to do; and using severe economic and social regimentation as a control mechanism; combined with forcible suppression of opposition by both the corporations and government.
Then we broke the glass, hit the emergency button and called Batman.

♦ Point Four – Donald J Trump was/is a walking red-pill; a “touchstone”: a visible, empirical test or criterion for determining the quality or genuineness of anything political. I have been deep enough into the network of the Deep State to understand the scale and scope of this enemy. To think that President Trump alone could carry the burden of correcting four decades of severe corruption of all things political, without simultaneously considering the scale of the financial opposition, is naive in the extreme.
POTUS Trump was disrupting the global order of things in order to protect and preserve the shrinking interests of the U.S. He was fighting, almost single-handed, at the threshold of the abyss. Our American interests, our MAGAnomic position, was/is essentially zero-sum. His DC and Wall-Street aligned opposition (writ large) needed to repel and retain the status-quo. They desperately wanted him removed so they could return to full economic control over the U.S, because it is the foundation of their power.
Without Donald J. Trump, these entities would still be operating in the shadows. With Donald J. Trump, we can clearly see who the real enemy is.
In these economic endeavors President Trump was disrupting decades of financial schemes established to use the U.S. as a host for their endeavors. President Trump was confronting multinational corporations and the global constructs of economic systems that were put in place to the detriment of the host (USA) ie YOU. There are trillions at stake; it is all about the economics; everything else is chaff and countermeasures.
In most of the modern post-war industrial era (1950-1980), banking was a boring job and only slide rule bean counters and actuarial accountants moved into that sector of the workforce. Most people don’t like math – these were not exciting jobs. Inside the most boring division of a boring banking industry were the bond departments within the larger bank and finance companies.
The excitement was in the actual economy of Main Street business. The giants of industry created businesses, built things, manufactured products, created innovation and originated internal domestic wealth in a fast-paced real economy. Natural peaks and economic valleys, as the GDP expanded and contracted, based on internal economic factors of labor, energy, monetary policy and regulation.
Main Street generated the pool of political candidates, because the legislative conduct of politicians had more impact on Main Street. Simply, the business agents had a vested interest in political determinations.
Political candidates courted industrialists, business owners, and capitalist giants to support them. As a consequence, Main Street USA was in control of DC outcomes.
Despite the liberal talking points to the contrary, this relationship was a natural synergy of business interests and political influence. It just made sense that way, and the grown-ups were generally in charge of it.
♦ Commercial banks courted businesses because bankers needed deposits. Without deposits banks could not generate loans; without loans banks could not generate profits…. and so it was. By rule, only 10 percent of a commercial bank’s income could stem from securities.
One exception to this 10% rule was that commercial banks could underwrite government-issued bonds. Investment banks (the bond division) were entirely separate entities. The Glass-Steagall banking laws of 1932 kept it that way.
However, mid 1970’s bank regulators began issuing Glass–Steagall interpretations -that were upheld by courts- and permitted banks and their affiliates to engage in an increasing variety and amount of securities activities. After years of continual erosion of the Glass-Steagall firewall, eventually it disappeared.
This became the origin of the slow-motion explosion of investment banking. If you look back historically from today toward 1980 (ish), what you will find is this is also the ultimate fork where economic globalism began overtaking economic nationalism.
Banks could now make money, much more money, from investment divisions issuing paper financial transactions, not necessarily dependent on actual physical assets. The transactions grew exponentially.
The bond market portion ultimately led to the ’07/’08 housing collapse, and derivative trading (collateralized debt obligations or CDO’s) generated trillions of paper dollars. Long before the ’08 collapse, business schools in 1980 began calling this the second economy (a false economy, or the invisible economy).
The second economy, which ultimately became the global economy, is also the Wall Street investment economy. Two divergent economies: Wall Street (paper), and Main Street (real).
There is no real property, real capital, real tangible assets in the Wall Street economy. The false economy is based on trades and financial transactions, essentially opinions. Paper shifts, and buys and sells based on predictions and bets (derivatives).
Ford Motor Company (only chosen as a commonly known entity) has a stock valuation based on their actual company performance in the market of manufacturing and consumer purchasing of their product. However, there can be thousands of financial instruments wagering on the actual outcome of their performance.
There are two initial bets on these outcomes that form the basis for Hedge fund activity. Bet ‘A’ that Ford hits a profit number, or bet ‘B’ that they don’t. There are financial instruments created to place each wager. [The wagers form the derivatives] But it doesn’t stop there.
Additionally, more financial products are created that bet on the outcomes of the A/B bets. A secondary financial product might find two sides betting on both A outcome and B outcome.
Party C bets the “A” bet is accurate, and party D bets against the A bet. Party E bets the “B” bet is accurate, and party F bets against the B. If it stopped there, we would only have six total participants. But it doesn’t stop there, it goes on and on and on…
The outcome of the bets forms the basis for the tenuous investment markets. The important part to understand is that the investment funds are not necessarily attached to the original company stock, they are now attached to the outcome of bet(s). Hence, an inherent disconnect is created.
Subsequently, if the actual stock doesn’t meet it’s expected P-n-L outcome (if the company actually doesn’t do well), and if the financial investment was betting against the outcome, the value of the investment actually goes up. The company performance and the investment bets on the outcome of that performance are two entirely different aspects of the stock market. [Hence two metrics.]
Insurance products create an even larger subdivision within the false economy as hedgers wagered on negative outcomes. The money wagered is exponential – some say more than a quadrillion currently floats.
♦ Now you realize, in hindsight, there had to be a point where the value of the second economy (Wall Street) surpassed the value of the first economy (Main Street). Investments, and the bets therein, needed to expand outside of the USA. Hence, globalist investing.
However, a second more consequential aspect happened simultaneously.

The politicians became more valuable to the Wall Street team than the Main Street team; and Wall Street had deeper pockets because their economy was now larger.
As a consequence, Wall Street started funding political candidates and asking for legislation that benefited their interests.
When Main Street was purchasing the legislative influence the outcomes were beneficial to Main Street, and by direct attachment those outcomes also benefited the average American inside the real economy.
When Wall Street began purchasing the legislative influence, the outcomes therein became beneficial to Wall Street. Those benefits are detached from improving the livelihoods of main street Americans because the benefits are “global” needs. Global financial interests, investment interests, are now the primary filter through which the DC legislative outcomes are considered.
Democrats want power; Republicans want money. Threaten Democrats power, they get vicious. Threaten Republicans money, they get vicious. Democrats use money to get power; Republicans use power to get money. The ideology of the democrats drives their donor activity. The donor activity drives the republican ideology.
This is the core and essential difference between both wings of the DC UniParty, two wings of the same vulture. This is the truth of the thing. Underline it, put it on Post-it notes, remind yourself of this baseline in all review of both parties. This is the core motive behind everything!


Americans get it.
—
Reuters/Ipsos Poll: Majority of Voters Favor Trump’s Plan for Higher Tariffs
Excerpt:
A Reuters/Ipsos poll shows 56 percent of voters are more likely to support a candidate who supports a 10-percent tariff on all imports and a 60-percent tariff on imports from China. Only 41 percent of voters said they would be less likely to support a candidate who is proposing higher tariffs.
https://www.breitbart.com/politics/2024/09/16/reuters-ipsos-poll-majority-voters-favor-trumps-plan-higher-tariffs
Exactly! That’s because China absorbs the cost of the tariffs in order to keep market share. Typically, China simply devalues it’s currency to offset the tariffs!
Isn’t that self-inflicted inflation though? Then they export their goods (and inflation) to the world at even cheaper prices. Albeit tarriffed prices but cheaper prices. The tarriffs have to be large enough to offset their reactions.
No. The interplay in any individual industry is driven more by the need for the Chinese to sell into the largest, by far, economy in the world. Decisions are one off by industry, but the genius of the plan was driven by the fact that the Chynas had to react to our pricing to access our economy. Our pricing declined. It’s about the size of the industry, not the undergrad b-school proposition of building everything where it’s cheaper.
“At the G-7 summit in Canada, President Donald Trump described America as “the piggy bank that everybody is robbing.””
When China devalues then currency to off set the tarriffs is great time to pay off our debt. Ronald Reagan did that to Russia and bankrupted them breaking up the Soviet Union. Simply put, we can not pay off $35 Trillion, but if you make the dollar 4 times stronger than the Chinese Yuan, then we only owe $8.5 Trillion which is less than the GNP and can be paid off or balanced. Both Reagan and Bill Clinton balanced the budget this way. We need Trump to get us out of debt.
🫣 we owe 35 trillion DOLLARS not yuan or euros or pounds . China Devaluing the yuan doesn’t change the amount we owe it just changes the value of it in yuan .
Interesting.
I had lunch yesterday with someone who is a FO player in the coal industry for a major company. Gentleman was a Kentuckian by birth. According to him, his boss (the CEO) and most in the coal industry love PDJT. That said, he said things are problematic at times. His words, not mine: the tariffs 2016 – 2020 impacted coal exports/profitability in a major way (and employment). You can look at the data. He is correct. Coal exports have increased substantially 2020 to the present.
The numbers were high level, so I’m not sure what all the real economic factors in play happened to be. For example, I have not researched legacy regulations from the Obama administration. I get tariffs as a tool when economic warfare is being fought by other nation states (i.e., China). Tariffs, however, do have costs. They do not always benefit domestic industry.
The major take-away for me was how one industry leader was looking at the trade-offs involved: the country’s best interests in the broadest sense versus their economic interests.
In my own mind, vis energy, I would like to see fol:
reduction in regulations
reduction or removal of huge green energy subsidies
expedited gov’t certification and approvals
increased emphasis/capital flow to SMR nuclear and uranium
increased capital to new oil refineries and pipelines
increased capital to US ship building capacity
reconstitution of SPR
reduced tariffs for all energy products and service industries – unless the priority is warfare by other means; fire away at me if you like.
reduced or eliminated subsidies to renewables that cannot compete
some funding for responsible, economically viable alternative energy sources – not for green purposes but based on projections for the marginal cost of oil in 30 years given current estimates of demand growth versus new reserves. In this regard, huge battles loom down the road. Much new oil reserve capacity is predicted to come from off-shore sources.
Note: when I post O&G I mean all fossil fuel sources.
You are absolutely correct. The tariff crazy people have no idea how much that this country depends on foreign goods, with China at the top of that list. Until manufacturing is restarted in this country, we need to tread very lightly and not get the cart in front of the horse. It will take a decade of little to no regulation to make that happen and most people that live in the service industry haven’t the foggiest. They’re too busy hating on China and Russia and supporting the demonic israeli’s.
I’ve believed for a long time that the service economy was an intentional creation, not merely to make the wealthy wealthier, but to create a huge mass of unskilled workers in concert with the extreme dumbing down of public school education.
The obvious intentional managed decline of America began back in the early 90s
And then the first couple decades of this century all the “geniuses” of Silicon Valley concentrated solely upon how to make oneself tech products more addictive. Ridiculous. Even evil.
What a waste!
How unconscionable that the despicable elites despise the population at large.
I hope that what I witnessed during my lifetime can finally be reversed for future generations of Americans.
PRAY 🙏
They effectively turned the whole of America into Disney World.
Only the citizens aren’t allowed on any of the rides.
Why would we dick around here? Strategically, we’ve given up much of the farm. Get it back ASAP. Globalism is a horrendous proposition for we the people.
I’m more than happy to hate on the idiots who gave our farm to the Chynese, if that makes you feel better.
It will take a generation to get industry up and going. We have bred a nation who sneers at people who get dirty, and they are going to have to get dirty!
No, we need tariffs on all imports including fuel. We need our fuel here in the US, at least til our economy stabilizes. End ALL subsidies to corporations, unless they serve a US national security & citizen interest, employ only citizens and are citizen (not anchorbaby owned, or multinational). The US taxpayers shouldn’t be paying for your pipelines, or other infrastructure we don’t need foreign energy, foreign made products or foreign workers. If the globalists want subsidies they can emigrate to other countries, we do not need or want you.
Farmers get subsidies, and immigrants pick the food.
There is no silver bullet. No matter what you do it will affect some industry differently. We need to change course from where we are, and tariffs are one tool in the toolbox.
i met a gentleman at a restaurant in the oil industry. He had a similar outlook and claimed oil production is up now over when Trump was in office. I was stunned. i guess the point of no new permits is where they are trying to control new production. i am no where near an expert in this area.
Oil production is up in existing fields due to fracking. Oil production can take up to 5 years from the beginning of exploration. Any shortage in new permits will be felt in the future not at the current time.
World Economic Forum is World Economic Facism
Kamala Kayfabe is the Queen of Crisis Actors and can only function when she is drunk and high
https://archieomichaels.com/p/342-kamala-kayfabe-queen-of-crisis-actors
Majority of American get it and understand it… the only problem is the machine that count those votes and ballots.
WEF is a suicide pact for the West on behalf of China.
Run principally out of the City of London.
….and the country they created.
^^^^^^^^^
Britain didn’t create the US, the US citizenry did. Not out of the US, enabled to destroy the US by globalist despots, Like Obama, and Obama controlled puppets like Biden and Harris. It isn’t masterminded by the US as anti-Americans try to suggest. Britain & it’s king are funding his son Harry and Hollywood wife Meghan Markle’s attacks on free speech and a free press with the help of Stanford and the Aspen Institute, via an illegal office for his “Prince’s Trust” charity scam he opened in NY. Britain under Charles and the globalist labour or tory parties are NOT allies. It’s like during the Civil War when their Queen Victoria (not the abolitionist they claim she was) and their government were funding and arming the Confederacy in the hope a Confederate victory would enable Britain gaining control of an indebted South as a vassal state and profit from slavery. Instead via their bankers they gained control of our economy through the federal reserve.
I think the “country they created” refers to China in this case; first through their ruthless exploitation and then by encouraging policies to build up the regime and industrial base as a replacement for the United States.
They didn’t create China. They created. Mao and the communist government.
The little country is in the Middle East.
The “City of London” is not London. It refers to the financial district in London. You might call it foreign occupied territory.
But the same could be said for the U.S. State Department.
Remember . . . the “Steele Dossier” people have close ties to the yuuu kaaay Eye See.
And it was ewe kay Pee Em Boris Johnson who went to stop Zelensky’s peace talks with Putin, in order to turn a short war into an endless war. Hmm, what industry gets rich from that?
Brit rulers also bring immigrant rape-gangs into their version of “fly over country” (Manchester, etc.) in order to inflict harm on traditional and populist English patriots (English deplorables)
Brit rulers are more nasty now than ever.
Which they might relocate to this one:
Corporate Coups: Fink uses his power and money to fire and replace directors of corporations he deems lacking in following the WEF stipulations and protocols. Companies not conforming will be blacklisted. Politicians not conforming will lose their election and or become the newest headline detailing their fraud and scandalous relations. Kapito keeps a low profile and is likely in charge of the ‘details’.
The notable Directors of BlackRock include: Fabrizio Freda, CEO of Estee Lauder whose real name was Josephine Esther Mentzer. Her second son, Ronald is president of the World ……. Congress, whose governing board includes David Rothschild. Their mission is to centralize all ……… organizations and …. from around the world under the umbrella of their global Order – _____. To date they have infiltrated over 100 countries.
August 1 Ukraine defaulted on its $23 billion outstanding bonds. The bonds had a 12.31% yield. Holders of those bonds include BlackRock. A restructuring of the bonds was completed end of August – the new yield is 37.85%. Five days ago, ……. Blinken traveled to Ukraine with $717 million in US Taxpayer funds. Translation: US taxpayers are giving money to Ukraine to pay the interest or fee installment on bonds held by BlackRock, Pimco and others which now accrue interest at usury rates!
…..Ukraine has no source of revenue. A default of the bonds would mean these bond holders would own the $11 trillion in rare earth minerals beneath Ukraine’s soil.
https://helenaglass.net/2024/09/16/blackrock-the-jewish-federations-of-north-america/
Corporate Coups: Fink uses his power and money to fire and replace directors of corporations he deems lacking in following the WEF stipulations and protocols. Companies not conforming will be blacklisted. Politicians not conforming will lose their election and or become the newest headline detailing their fraud and scandalous relations. Kapito keeps a low profile and is likely in charge of the ‘details’.
The notable Directors of BlackRock include: Fabrizio Freda, CEO of Estee Lauder whose real name was Josephine Esther Mentzer. Her second son, Ronald is president of the World ….. Congress, whose governing board includes David Rothschild. Their mission is to centralize all …… organizations and ….. from around the world under the umbrella of their global Order – ….. . To date they have infiltrated over 100 countries.
August 1 Ukraine defaulted on its $23 billion outstanding bonds. The bonds had a 12.31% yield. Holders of those bonds include BlackRock. A restructuring of the bonds was completed end of August – the new yield is 37.85%. Five days ago, …. Blinken traveled to Ukraine with $717 million in US Taxpayer funds. Translation: US taxpayers are giving money to Ukraine to pay the interest or fee installment on bonds held by BlackRock, Pimco and others which now accrue interest at usury rates!
…. Ukraine has no source of revenue. A default of the bonds would mean these bond holders would own the $11 trillion in rare earth minerals beneath
Ukraine’s soil.”
https://helenaglass.net
Certainly looks that way. Not so much China, though, as in “World Government”. China is intelligently exploiting the political and foreign policy opportunities this creates – though it has substantial internal problems of its own.
So, let’s revisit two themes Sundance has sounded over the years:
The MAGA blue collar base does much of the work a society needs to function on a day to day basis.
MAGA, despite Uniparty/financial industry/multinational efforts to immiserate the lower and middle classes, has substantive power of the purse.
Why hasn’t this “potential” economic energy been actualized into “kinetic” results in a sustained way?
Use all the tools.
Note: I’m not trying to reroute the discussion. I’m interested in concrete action.
There are several examples where the power of the purse was exercised and concrete results obtained.. Disney, Bud Light,Tractor Supply, Dick’s, and most recently Harley Davidson boycotts led to the removal of DEI initiatives. The political actions involved censoring and recalling many RINOS and electing AmFirst representatives to carry the MAGA message to DC. When people spend most of their lives working, the boycotts seem to be the most effective and visual tool thus far. There have been huge headwinds from the White House, Congress and Fed agencies who have spent their time trying to dampen the will of the people.
I agree.
I’m arguing for more as an overt strategy.
One answer, I guess, is that workers still get hurt.
some love to demonize China, Russia, etc.
However, it is our own government that has sold the US down the river
You got that right!!!
But let’s not pretend Chyna is above being demonized. There is clearly a world leader approach happening there.
Can you blame them? Can you blame Russia?
Or all of them Amjean.
The stuff that goes on behind the curtain is amazing.
Exactly! China didn’t beg to make, or export anything. Greedy b***ards in the West decided China could be its slave while selling us 1 cent items for $10 that the people couldn’t compete with.
Walmart, and Dollar stores should be shutdown!
They definitely begged for admission to the WTO and UN.
Too be honest, I don’t care. No one has the moral high ground anymore.
That would require repetitive instructions from the media, daily, for months.
Of course it would have to be disguised as news.
The working stiffs in France (yellow vests) protested daily for over a year. COVID came , the leaders disappeared and prime minister Macron is still there.
Really?
I thought it was Switzerland
Watched the video. Love his enthusiasm! Sounds like a lot of good people are offering their services.
We don’t know that they’re good people.
I would imagine many are deep state players wanting to infiltrate MAGA and drag down the Trump administration.
I wouldn’t trust Lutnick. Remember a large number of Trump’s appointments were deep state. Trump gullibly allows frauds into his circle of trust. He’s embraced WEF globalist Ramaswamy and Thiel, to name a few. I continue to distrust Vance, as I view him as another shill for globalists. I trust Wilbur Ross.
I am not totally sold on Vance. That said, we have to remember that during Trump’s first term, he was surrounded by deep state operatives like Pence and Priebus. Those two were giving recommendations as to who to hire. Now Trump knows better.
Why in the world then do you trust “Trump” who “gullibly” lets these people into his circle? Seems you are way smarter than he is….
…and by the way its PRESIDENT Trump.
I think he intentionally placed many criminals in prominent positions to showcase to the American public how corrupt and compromised these appointees were.
I do not believe PDJT is gullible.
I believe he is following a master plan.
Excellent correction! Many out themselves simply with how they refer to President Trump.
I love some Wilbur Ross!
I recall watching a video of him being interviewed on CNN, CNBC, whatever by some chirpy fool.
Wilbur Ross sat there politely and did not say a word while she spouted her leftist nonsense.
When she was finished, he politely looked at her and in his soft, controlled voice, said –
Now that is just silly.
Wilburine! 😄
Yes we do.
Deep state players get drop kicked.
Nice black pill. Sell it somewhere else.
Good assessment of the actual threat that civilians will remain under indefinitely.
That’s always the risk…or….they want to be on the ground floor of rebuilding the US economy. Where there’s money to be made billionaires want to remain billionaires.
Believers, keep praying hard for Trump t get back in.
If he doesn’t our future will not only be dark but totally evil.
I do worry about the heating.
ALL swing states have DEM Governors.
Trump 2024
Nevada does not.
Although Kemp apparently stopped his hostility against Trump,
We’re still not sure if GA has an actual GOP gov.
And I wonder how many of all those Democrat governors actually won their elections.
Election fraud was not “only” national, but local, as well.
I don’t believe Graham, or McConnell won their seats. I think they pay to keep them.
No way the Whitless Wonder with her skyscraper forehead won re-election here in Michigan either. Fraud all around to ensure the steal in the future elections. I’m sick by what I see out of the “Republican’ts” that supposedly represent us here.
In conjunction with the ‘disappearance ‘ of Glass-Steagall, Wall Street aka Hedge Funds also began destroying American business by acquiring the company or a majority stake in them, them forcing the companies to use their operating revenue, and/or profits to buyback stock instead of investing in R&D or product improvement. A current example is Boeing. Since 1998 Boeing has spent $ 61 billion on stock buybacks, not R&D or product improvement. The CEO is rewarded via stock options so has an incentive to keep buying back stock for personal gain. Such self dealing to pump up stock price has been ignored by the SEC. Then when companies have been milked dry by the Hedge Funds what is left is sold off or moved abroad, i.e. Mexico, Vietnam, China.
Antitrust laws are being ignored or not enforced allowing companies to acquire or be acquired creating the behemoths that populate the corporate landscape. Example; 6 companies control 90% of the Media market in the U.S., 4 meat packers slaughter 85% of beef, 4 companies control 66% of hog slaughter, 4 companies control 72% of poultry industry, etc… Large companies that quash innovation and buy politicians.
Cantor Fitzgerald is part of the problem they are an integral part of Wall Street. Mr. Lutnick is saying all the right things but talk is cheap especially when it involves politics. Plus he is on Trump’s transition team which is different than enacting the policies that will make what he discusses come to fruition. Guarded optimism he talks the talk will he walk the walk?
The rise of the three asset management giants has been cataclysmic for America.
That, and the I.P. that is generated by USA inventors is often stolen by foreign operatives. Most of that theft committed by the CCP-PRC.
Dunno whether to heap more praise on Howard Lutnik’s explanation of the cause of inflation and the path to economic growth or Sundance’s essay on the global shift from Main Street to Wall Street.
What makes both men superior communicators is their ability to untangle knots of complexity and reweave them into an elegant, simple fabric…and simple is always beautiful!
Some of the most consequential formulas throughout history are simple, from the Pythagorean Theorem a2 + b2 = c2 to Einstein’s Special Relativity E = mc2 and now Lutnik/Sundance’s ‘stop printing money = stop inflation’ and ‘lower energy costs = higher economic growth.’
David Ploufe and Kamala’s masters at Blackrock and Goldman Sachs are undoubtably pleased that she is clueless about such things, but the rest of us should be terrified.
Again, my thanks to Lutnik and Sundance for the beautiful fruit of your looms.
We are beating a dead horse….
WE KNOW THE CAUSE OF INFLATION~
Is the fundamental transformation of America a political idea or a financial one?
Both but Wall Street would not have played along if there were not trillions for them…
Sunlight, nature’s disinfectant since the beginning of time…
Aggiegirl, YOU know the cause of inflation but most do not! Americans know what inflation is because they’re poorer…they just don’t understand why they’re poorer. If voters understood the cause there would have been a massive uproar over Congress’ proposed TWO TRILLION DOLLAR stimulus bill!
So we’ve gotta keep on beating that dead horse until more people get it.
The fundamental transformation of America is a financial idea, which then becomes political because Wall Street has the money to buy politicians.
And I agree…bring in that sunlight, baby!
I’ll bite. The root cause of inflation is government deficit spending.
I like his enthusiasm 👍🏼
Love this guy’s optimism; you might even say he was filled with JOY! He seems like he is simpatico with President Trump in his understanding of the economy and what needs fixed and how, as well as in his desire to improve circumstances for regular Americans.
I thought I was the only one that noticed. He has such a spring in his step, and I love it. So great to have someone like this on Trump’s side.
Repeal of Glass-Steagal and expansion of Derivative securities led to the financialization of everything. Everything everywhere became something investment bankers could monetize, package up, trade and extract the profits.
The smartest kids in the room stopped making tangible goods and instead started trading financial contracts.
Financialization turned the entire economy into a casino and turned Wall Street into the mobsters who run the casino and rig its games. Like all mobsters they keep the politicians on the payroll to steer policies in whichever direction the mob wants.
Everybody who walks into a casino loses money the longer they stay. The house always wins because it stacked the odds. But many people keep betting and losing chasing false hopes of easy money.
It took somebody who owned casinos (like Trump) to point out how the game was rigged.
I disagree with that. Derivatives used correctly are essential tools to mitigate risk.
Any idea what the scope of risk is in the derivatives market? Last I heard it was something like four quadrillion?
Wasn’t the AIG insurance policies on derivative trades the largest portion of the TARP bailout?
Seems a Ponzi to my untrained eye.
Sounds like” real socialism hasn’t been done correctly” argument
… Derivatives used correctly ….
Riiiiiight.
In a perfect world, nobody abuses the system.
Absolutely.
will someone explain this to Elon? He keeps shouting ‘gov printing $ is cause of inflation’.. i keep sayin: it all starts with energy!’ He- the energy king doesnt see this?
Inflation from a business standpoint is input costs energy, materials , etc. and also Govt’ forced taxes. Taxes are out of control across the board…. top to bottom which is driving inflation way beyond the energy input multiplier. Top that with Biden giving out endless EBT and other welfare freebies which also increase the costs as retailers see the free cash as a guaranteed revenue, they in turn jack up the prices, which is exactly how food inflation started under this Regime. When Biden increased foodstamps, some people were getting thousands monthly and the grocery prices ramped up within a month of Biden giving out the extra benefits. Then you add in the extra trillions he printed and gave out to his friends and supporters, we have the recipe for disaster. By the way I am still seeing crazy price increases at my local stores, I saw a $4 jump in price on some produce this week…. which is almost a 100% increase from last week.
“grocery prices ramped up within a month of Biden giving out the extra benefits.”
FJB gave extra benefits at the same time he slowed or stopped oil production. Higher fuel prices is what caused those grocery costs to go up.
Luttnick appears to agree with Musk
Government printing AND government restrictions on small business’s ability to produce energy are combining to cause sky high inflation.
Tariffs are paid by the purchaser. If Ford offered a car for 10,000 and the Chinese one for 8,000, putting a 5,000 tariff on the Chinese car may reduce sales of the Chinese car, but the tariff won’t be paid by the Chinese……..
As someone once commented “putting tariffs on imports is like putting rocks in your own harbour”.
The ‘rocks in your own harbor’ would be an accurate description if the Chinese hadn’t been reducing the price of their car by 3K or more to keep market share. But they WERE reducing prices to keep market share, so the domestic purchaser was NOT paying for the tariff, the ordinary Chinese savers were via devaluation of the Yuan.
Devaluation is their tool.
Their economy is not doing well, either. AS I understand it, if Trump gets in and tariffs are utilized it will definitely have an impact on the Chinese.
There might be enough impact that the people finally stand up. That would be a blessing to the world for as we chat, China is building factories on the African continent. The do fully intend to control the globe.
If American tariffs reduces or stalls their advancement while assisting Americans and Chinese in economic freedom, I am all for it.
I trust Howard’s input over yours, his experience with businesses of all types and dealing with tragedy, cancer, etc. is beyond most people’s grasp. What we need to do is shrink Govt’ payrolls, move these people into industry and build things, like machinery and products that are consumed in the industries, etc. We need to be an industrialized nation again. Less paper pushers and bill creators, less govt’ more private industry. We need to break it down at a state level, take the best industry leaders in each state, utilize their knowledge to build competition between the states in a healthy manner. Make housing affordable again and stop foreign investment of all types into our country. We also need to kick out the foreign spies that are connected at the hip to the Democrat party. As it is the spies who are trying to divide us. They are embedded in the media, Georgetown University and other places. The division ramps up when Democrats are in power, because they are loyal to foreigners.
Excellent comment! Thank you.
The cost of govt compliance is an enormous cost factor in time and money. Whether it is Healthcare, building a road or factory or Human resources it increases the cost to the end user/taxpayer.
Howard’s a globalist telling you what you want to hear but planning to pull the rug out from under you if he gets his foot in the door.
It worked last time. China devalued their currency and subsidized their industries.
That led to cheaper prices for Americans and destabilized China’s economy and wealth.
It was evidenced in the results in Trump’s first Administration and has been discussed and explained in CTH articles about a zillion times in the past.
Did you miss all that?
Tariffs do not raise prices.
The targeted nations (China and EU) change government policy (regulation and monetary policy) to counteract the tariff. The result is lower price for the manufacturer of goods that offsets the tariff.
From 2017 to 2020 the tariffs Trump put on China and the EU actually led to the import of deflation. Radically lowered prices.
Plus the US government pockets the tariff cash, lest we forget. We gain that, plus an increase in foreign capital investment, plus more jobs… all good for us. All it takes is an uncorrupted government, not beholden to parasitical oligarchs.
Now if China imports more from the US, and balances the current trade imbalance they enjoy, tariffs might be considered unwise. But today, they’re fine. Our friend Adolf is comparing apples to oranges.
Written by someone who clearly does not under neither tariffs nor Chyna.
Sounds like globalists are infesting the forum. I remember after Andrew Breitbart’s death when Pollak and Shapiro infested the Breitbart News forum with their fellow Leninists and Trotskyists
You appear lost. The door to all of the geniuses who inhabit your life is over there. They’ll take you back. All of us globalists are just going to hang out here and talk about our past visits to Davos.
Not what happened with China though is it?
“Tariffs are paid by the purchaser”
It is more complicated than that. Very much more… But even in the case where a tariff is passed onto the consumer, there are countervailing positive effects. For example, if we drop income or FICA taxes to compensate for the tariffs, there is no net tax on the consumer. Instead, we have changed who pays the tax.
A tariff punishes slave labor in the exporting country. That is a moral argument.
A tariff tends to keep jobs in the US, and consequently allows the middle class to flourish: less drug addicts, more hope, bigger families. How much are those effects worth? I can believe that these social effects are in fact very important to the health and well-being of the country, and a “green eye-shade” analysis (which has led to our current undesirable condition) misses some key points.
No, the tariffs are intended to give the US multinationals pause for thought that and other incentives are intended to encourage manufacturing’s return to the US. We also need incentives for new US citizen competition for example against the big 3 automakers (start treating them like the foreign companies they have become) who have off shored. Perhaps write offs, or subsidies, guarantees including against unions imposing themselves for a decade etc while they get themselves off the ground as long as they hire citizens only for a wage standard.
This isn’t true and would only hold true to the extent alternatives did not exist. The tariff would be paid by the Chinese, in reduced sales. The buyer is still going to make a decision on perceived value vs price.
You missed the part where the money from the 10,000 Ford ripples though our own economy. The China car is 8,000 kissed good-by, it ripples through the Chinese economy. If you buy anyway 5,000 is clawed back from the Chinese.
Sundance, this was an awesome post by you 😃. I believe this comment actually builds up on it, and if you read this, you will probably like it, because I believe it is accurate, and I believe you will agree with it.
For example, China – after it got Hong Kong back in 1999, I noticed it started to change. What it learned from the Hong Kong corporations- money, money, money. So China started to build up corporations all over their country.
I believe China today is no longer just a COMMUNIST country, it is now really a FASCIST country (fascism- when a tyrannical government works with corporations for money, money, money, and power, power, power. I know you understand this 😃🙏💖).
As I write this, it is 2:24 AM. I am tired from work (My work day is finally over at 11:30 PM, and I finally get home about 12:45 AM), but when I wake up later today, I will contribute both to the CTH and to President Trump. Both of you fight for people who love their freedom and who want to live their lives quietly and in peace. So me and our fellow Treepers will fight for both of you 😍🙏💖.
You and President Trump stand for us 😍🙏💖 and me and our fellow Treepers will stand for you and President Trump 😍🙏💖.
Howard Lutniks life story is amazing.
You don’t want to cross swords with him. He can be pretty ugly. He is doing a great job of selling in this vid.
He’s a globalist, I don’t give a damn about his life story. I don’t trust him. I want Trump’s original promises kept, not Hared Kushner & Soros’ demands being imposed
You seem to have some issues, Trump appointed him. He is a part of Trump’s promises to us the American People.
Sundance, I listened to a very interesting lecture/conversation between Hrvoje Moric of Geopolitics and Empire, and Warwick Powell of Queensland University, that lends some additional depth (if your mind is oriented that way) to the Wall St./Main Street dichotomy.
I had to listen to it twice. Mr. Powell talks about the “fictitious capital” created by derivatives and other synthetic monetary products (a Marxian concept), what it does to the overall global money supply, how it’s invisibly inflationary, and hard on actual ordinary citizens.
I think you’ll find it intriguing. Be sure to play the video and listen intently. It doesn’t have a happy ending for the average Joe. It puts another stroke on the canvass of the hollowing out of the West. I’d love to have your feedback.
https://open.substack.com/pub/warwickpowell/p/global-conflict-symptom-of-underlying?utm_source=share&utm_medium=android&r=8eo3v
I really enjoyed that, thank you! The finally part of the chat was interesting, because to get a seat at the table, would be a deathblow to the MIC. At around 40 mins in is exactly what Trump intends. We start making in America again!
cross posted at https://freedomaustralia.freeforums.net/thread/6060/president-trumps-economic-plans
On this date September 17, 1787, Ben Franklin responded to the question of what have we got a republic or monarchy: “A republic, if you can keep it.”
Now September 17, 2024 on question of impose MAGAnomics vs continue Global investing economic power model:
“Well, Trump, what have we got, Main Street or Wall Street?”
Trump MAGAnomics: “Main Street, if you can keep it.”
Lutnick has an interesting past. He suffered enormous loss as a teen
In 1978, Lutnick was a senior in high school when his mother died of lymphoma. The following year, Lutnick entered Haverford College in Haverford, Pennsylvania.
During his first week at school, Lutnick’s father died while in a hospital being treated for colon and lung cancers.
A nurse treating Lutnick’s father accidentally gave him 100 times the dose of chemotherapy drugs that he was supposed to receive.
Now orphans, Lutnick and his two siblings were largely abandoned by extended family members and instead relied on themselves for support. Lutnick, then 18, was forced to hire a lawyer to settle the debt his father left behind.
The president and dean of Haverford, an institution priding itself on a Quaker heritage, called Lutnick a week after his father’s death and offered him a full scholarship for his education there.
Lutnick went on to graduate from Haverford in 1983 with a degree in economics.
Lutnick worked for Cantor Fitzgerald
At the time of the September 11 attacks, Cantor Fitzgerald’s offices occupied the 101–105th floors in the World Trade Center‘s North Tower, just above where a hijacked plane hit the building.
None of the employees who were in the Cantor offices that morning survived the attacks. In total, 658 of Cantor’s 960 employees died that day, including Lutnick’s brother, Gary Lutnick.
Lutnick himself would have been in the office as well that morning, but on September 11 he was taking his son Kyle to his first day of kindergarten.
He tried to reach the outskirt of the towers in hope of finding any Cantor staff making it out alive but failed. He survived the collapse of South Tower by taking cover under a car nearby
The high muckety mucks Cantor Fitzgerald’s all stayed home that day
We have a troll it appears.
I would also add that it is urgently important to secure the borders with the military and get all the third-worlders out of here. Any oligarch who whines about it should be thrown in prison and have their assets seized. Charge them with sedition, at the very least. The US is failing. We can’t do this anymore.
Including the 3rd worlders here on worker and student visas
Brilliant! This is the best explanation on Trumpism/MAGAnomics and should be constantly pushed to affect change. I am forwarding this article to those who can understand and appreciate the big economic picture. It’s true, the math does get in the way and distilling complex economics into simple explanations becomes difficult. The talking heads on MSNBC are useless experts at circumlocution, since their bosses do not want their monetary schemes exposed. It will take many people like Lutnick, a flood of information and extreme pressure on politicians to stave off disaster.
Compliments to Sundance, who possesses the writer’s gift of painting a clear picture in words. The ability to capture ideas and put them on paper is truly a lost art and deserves sincere recognition. The analogy that Wall Street is a fascists casino is a lightbulb moment, that illuminates the problem and resonates with the masses. Putting Lutnick anywhere on the Trump Train and leaving Harris at the station, is a win win for the USA and the world. Kudos to all the brilliant minds digging through the trash heap of economic and social debris to find our way forward.
Would be nice to see him put to work in a new Trump administration.
He is already working for the new Trump Administration!
He is Head of the Transition Team!
👏 👏 👏 👏 👏
When listening to him in the video,
he is right…..and so is Sundance with
posting recent articles of possible
candidates for the new Administration..
…….git it done now!👏👏
Line up as many candidates and picks
as possible …..and hit the ground running
as soon as President Trump is sworn in!
Democrats want power; Republicans want money. Threaten Democrats power, they get vicious. Threaten Republicans money, they get vicious. Democrats use money to get power; Republicans use power to get money. The ideology of the democrats drives their donor activity. The donor activity drives the republican ideology.
The current tax regime at the Federal level is focussed primarily on Main Street activities. Wondering why even a minimal tax on the financial transactions of Wall Street is not being considered? Given the volume of daily trades — sometimes in the trillions of $$ — there is surely enough revenue to pay off the national debt and support the essential “safety net” programs and reduce the taxes on Main Street.
I agree with your idea and have fostered this idea in the past. In addition, we should tax remittances to other countries by their expatriates.
Trump needs our prayers, especially that he wises up to the globalist threats he’s welcomed into his circle. I worry he has a leaker close to him. I am concerned after this second assassination attempt happening as has been reported not at a scheduled event, but while he played golf which was something that wasn’t something someone could have anticipated in advance. Could it be Ramaswamy, his Soros ally son inlaw Jared, Don Jr’s “new” friend that female socialite from Palm Beach, ferreting out information for those who want to stop Trump? Maybe Laura Loomer who showed herself willing to betray Trump when she took payment from Ramaswamy to betray Trump, especially given Trump distancing her from the campaign?
The derivatives market that you described is a betting market to enhance the profits of some at the expense of the incorrect bettors. There is no economic gain. It is a zero sum market. Smart ones with inside knowledge get fat, the hogs get slaughted. That market can exist with manufacturing and Main Street. What happened in the US was not caused by the investment bankers.
Government eliminated manufacturing jobs beginning in the 1970’s by reducing tariffs and allowing offshore merchandise to flood in. I witnessed the loss of jobs. We were forced to close factories and move jobs to Mexico. By the time we got to Mexico, we had to move the jobs to Asia to stay competitive.
During that time, the dollar value of manufacturing output INCREASED. The higher value products made in the US kept that increasing. But then, steel manufacturing moved, auto manufacturing moved, appliance manufacturing moved. More and more jobs, good paying jobs moved. THIS WAS NOT A CORPORATE DECISION. GOVERNMENT MADE IT HAPPEN. The corporations respond to the government forced path of deindustrialization.
Our government wanted us to deindustrialize and move those jobs offshore. We did.
Go to YouTube and watch the tours by MetalLeo of Downtown SF, Sacremento, and LA. Those nasty retailers moved out of downtowns. It is the retailers fault……… NO It is the government’s fault. Government makes decisions and corporations respond to remain profitable.
Those empty downtowns are government’s fault. Just like empty Gary, Detroit, Granite City are government’s fault.
I keep saying government is not good at anything. But it is good at propaganda and pysops. You all blame the Fed for printing money when the root cause is government spending more than they take in. Government created the Monster of Jekyll Island. You all blame the investment bankers for the loss of manufacturing. Government wrote the rules that moved it offshore.
When Trump wins, the rules will change and the investment bankers will keep making their bets. The manufacturers will start moving the jobs back to the US. Who should get credit for all those wonderful jobs coming back to the US? The TRUMP GOVERNMENT thats who.
The derivatives market is where investors can go to mitigate risk and hedge bets. Plenty of non-institutional types use derivatives to their advantage.even inflation adjusted treasuries are derivatives.
I tend to agree with your analysis, however Trumpism must continue beyond President Trump’s presidency for corporations to replant themselves back here. This ping pong style of governance is terrible for consumers and for profitability. Even if manufacturing returns, it must remain for at least a generation to resurrect livelihoods, cities and infrastructure. Congress thrives on bribes and perks, so it will take the removal of these incentives to affect change. That will occur when private stakeholders (including voters) puts pressure on them to change the system they created, to one that benefits the USA. I’m not holding my breath :/
Howard Lutnick sounds like a brilliant leader with a no bullshit personality that will lead effectively… just what American Workers need today! Bless him!
head!!! stop spinning. Thank you SD! Head is spinning here in Pittsburgh, BUT? I managed to understand……praise Jesus for the discernment. You are a gem. God Bless.
Kane of the Citizen Free Press aggregator, former neverTrumper, DeSantis monkey wrencher, has linked to tweets by necon pedophile, con man Milo Yiannopolis (who Lauren Southern exposed as a fraud and blackmailer) that reveal unsavory things about Laura Loomer (mental illness, instability etc..) that he and others have kept quiet about. I have long despised Kane as during the primaries he pushed known lies about Trump. Now more than ever Trump needs the loyal people from his first campaign around him, he needs to be protected from the frauds and threats of the Loomer’s,the Ramaswamy’s, the Candace Owens and Yiannopolis’(who Owens helped try to target and attack Trump)
You will own nothing and be happy……eat ze bugs….Never give up, never surrender…..
It’s a myth, a political talking point, that tariffs drive up prices for consumers. If overseas businesses could raise prices on their products, they would already have done so. Tariffs impact profit margins, not consumer prices directly.
FWIW, some of the Project 2025 ideas are pretty damn good and need adopting
What the analysis above is missing is the growth of government regulation over the course of time since the New Deal. When government regulation and Executive Branch bureaucratic power increased, only the big corporations could afford to handle the cost of that regulation. When Glass-Steagall was repealed, it unleashed merger mania in the banking/insurance industry. They merged to decrease overhead costs, and gained power inside the Executive Branch. There is a revolving door between Big Banking and the Executive Branch.
Pandora’s box has been opened and it will be impossible to turn that banking clock back. However, deregulating to allow for more competition in the banking/insurance industry is a fantastic idea. I’d urge curious people to read John Cochrane at The Grumpy Economist to learn how he thinks about it. Cryptocurrency is a seminal threat to the banking industry and their gatekeepers. It’s why Gensler has fought so hard to kill it, killing off some banks in the process.
Banking was never boring if you were in Investment banking, bonds, etc. It was boring if all you did was lend money. Deal making etc is boring when you are filling out the Excel spreadsheet, but can be exciting when you think about the strategy and how it all goes together.
Government regulations create the opportunities for fascism.
Remember the story, years ago, about the plastic replacement part for airforce jets?
The part cost $1900 ( if memory’s correct). The purpose for it was to cushion the legs
of a fold down toilet.
In a sane world, that would’ve been a 69 cent part.
Here’s where the fascism comes in. There’s probably a specifications manual for that
particular plastic part laying around somewhere that’s at least 15 pages. The tolerances,
materials required, on and on and on.
Joe six pack that had a plastic company that makes widgets wouldn’t be able to qualify.
Too costly for all the specs, the machinery needed.
Bill connected deep pockets bids for the contract, and gets rewarded it. Has the capital up
front to cover the costs of the highly specific machines required. Sets the price for what
should be an absurdly cheap item sky high, and, still makes absurd amounts of money
once the dust settles.
If Musk could create oversights for these types of specific regs, we could be saving vast
amounts of $$$.
“Creating oversites” for anything manufactured sounds like just another ineffcient layer of bureaucracts pushing papers in circles.
Amazing content.. have to save this and study it.
Thank you, Sundance.
Tariffs are taxes on imports paid by foreign companies wishing to sell their products on the American market. This tax is what is supposed to support the federal government
Obviously the consumer pays this tax by voluntarily purchasing these imported goods .
The benefits are to the consumer and American production of goods in a competitive market
Government with its dependency on organized theft and transference of wealth thru tax and inflationary policies thanks to the Federal Reserve System have destroyed the economic power of American industrial production .
It is nothing less than economic treason by those perpetrating and profiting from it
Poverty is the end result for the majority making socialism attractive to the indoctrinated fools
Socialism is nothing more than communism’s idiot cousin
Sundance, that graph is a stark reminder of why the events of 2020 had to happen. To the people whose loyalty is to their foreign masters, a growing, healthy, financially secure middle class is a yuge problem.
This post…👏👏👏👏👏
Someday, when the history is written of this time, this moment, you will be the author Sundance.
Awesome video!! Will share with everyone! Wish the graph had attribution.
Lutnick said that Japan puts “100% tariffs” on American cars. This is factually not true. Japan has ZERO tariffs on American cars whereas the U.S. has tariffs up to 25% on Japanese SUVs. It’s not tariffs keeping American cars out of Japan, it’s the market itself (cnn.com)
Europe has 10% tariffs on American vehicles vs. the 2.5% tariff the US puts on European cars. Still, the US has a 25% tariff on “light trucks” including SUVs which is why every BMW and Mercedes sold in the United States is made in the United States (SC and AL respectively).
Lutnick said you should only put tariffs on products you make which is true (unless you can negotiate a free-trade agreement).
Legalized gambling and extortion…..
Well I guess the NSA and eFBeeI have already compiled a dossier on Lutnick. Maybe they can arrest him at the airport and walk him out in leg irons.
“Then we broke the glass, hit the emergency button and called Batman.”
The accompanying photo just kills it (perfect).
This article should be printed out and mailed to all your representatives, state and federal.
Add a crisp new dollar bill, (something they can’t refuse).
Pete Peterson (co-founder of Blackrock?) wrote an auto-bio after he retired.
It’s very good but dated.
He said they knew they were dealing with funny money. And also knew it could disappear over the weekend.
So they took the “funny money” and started buying brick and mortar assets, whole companies.
Now apparently they buy the companies with the pension funds they manage.
Are you sure Main Street is still owned by main street?
Sundance,
Here’s a lecture, Switzerland 1918.
Uncannily similar description of economics with a spiritual context added.
A difficult read, a bit esoteric, the good stuff is in the second half.
He could have read the above article and then given this lecture about it.
https://rsarchive.org/Lectures/AhrDec_index.html
I found the interview very heartening.
I like Howard. He’s smart and has great energy and is a new face.
OMG he explained tariffs so succinctly.
Now when someone asks me why I’m voting for President Trump, I can point to THIS!!!
#TrumpVance2024
https://x.com/RickyDoggin/status/1835898748997709872?t=iWT7kSIojx053n9VR6yTHw&s=19
The only place I want to see regulations is, food, and drugs!
Our food supply is toxic, and our drugs are way too overpriced!
“Why should I, as President of the United States, allow countries to continue to make Massive Trade Surpluses, as they have for decades … (while) the U.S. pays close to the entire cost of NATO-protecting many of these same countries that rip us off on Trade?”
Buchanan: Trump exasperated with trade deficits
https://www.muskogeephoenix.com/opinion/buchanan-trump-exasperated-with-trade-deficits/article_9c1b61e6-6e8e-11e8-af11-8ffc07f5afbf.amp.html
The only issue is without those massive trade surpluses other countries won’t have any reason to buy treasury bonds.
Another master class by our host THANK YOU SUNDANCE for all of your research and your willingness to share it so freely .
Much love and appreciation
R.D.
When Rockefeller ….I mean Nixon/Kissinger opened up China the masters of the universe have been walking around with woodies since, think of the $$$MONEY$$$!
Screw the American people there are trillions to be made. They then send “businessman” kinda like Pelosi’s business acumen …Bloody George HW Bush as business liaison for the kill of the USA, oh, he went to Yale so we know that the murder weapon had pedigree.
These demons have been cooking up this caper for 110+ years, were just experiencing the fruits of their labor, it doesn’t include you and I. You see most of us didn’t go to Yale and don’t care which fork is the salad fork, therefore, we’re expendable.
I believe President Trump gets it as well as Lutnick hopefully they will survive with You and I, we’ll see.
Ultra-MAGA! …with God the only way.
MNN BREAKING NEWS–BUDGET BATTLE UPDATE…
*VICIOUS FUNDING TURF WAR BREAKS OUT IN CONGRESS BETWEEN FBI/DHS AND CIA
With Billions in Supplemental Assassination Funding at Stake, FBI and DHS Claim Their Butler Op Entitles Them to the Billions, While CIA Claims Their Sponsorship of the Golf Course Shooter Entitles Them to the Funds
The Budget Impasse Was Ended, However, When Speaker Johnson Sent All the Money to Zelensky, As Is His Habit
Manufactured News Network: “Ukraine Always Get What You Want!”
Rest in the Vine: MNN Breaking News
Good ol’ Spy vs. Spy.