During one of the 2016 Republican debates, the Wall Street Journal’s Kimberly Stassel challenged Donald Trump on the projected revenue from his proposed tax plan. In essence Stassel claimed some economists doubted the growth factor Mr. Trump projects in his tax proposal.
What was highlighted within the question was one of the larger hurdles Trump faced as he needs to re-educate an entire generation on a fundamentally new vision of the U.S. economy. A return to a goods-based manufacturing and industry driven economic model.
President Trump’s MAGAnomic trade and foreign policy agenda is jaw-dropping in scale, scope and consequence. There are multiple simultaneous aspects to each policy objective; they have been outlined for a long time.
Interestingly, many people have forgotten a 1991 (35 years old) video of Donald Trump testifying before congress – as evidence of him being tuned in to the economic consequences of political activity.
The entire video is well worth watching, because it gives us insight into a very specific moment in time as they discuss the ‘Reagan era’ 1986 tax reform act.
However, for the sake of this discussion post, I would like to draw your attention to a very specific exchange between Donald Trump and Representative Helen Delich Bently (R-MD).
Representative Bently takes the discussion a little off subject from real-estate and engages Mr. Trump on U.S. manufacturing. Remember, this is 1991. (The video is prompted to @39:24) Watch – it’s only about two minutes:
[Related Note – During Donald Trump’s testimony before congress in this video, Marco Rubio and Ted Cruz were approximately 20 years old. This understanding sets the backdrop for a generation who were disconnected from the previous economic model being discussed within the congressional committee itself.]
In this 1991 hearing, Representative Helen Bently is pointing out an ongoing erosion of U.S. manufacturing. Notice how she references current trade deals and “fair trade” versus “free trade”, sound familiar? It should.
What you will find in all of Donald Trump’s positions, is a paradigm shift he necessarily understands must take place in order to accomplish the long-term goals for the U.S. citizen/worker as it relates to “entitlements” or “structural benefits”.
All other politicians, and even Presidents, begin their policy proposals with a fundamentally divergent perception of the U.S. economy. They are working with, and retaining the outlook of, a U.S. economy based on “services”; a service-based economic model. Consequently, their forecasted economic growth projections are based on ever-increasing foreign manufacturing dependency, and a self-fulfilling prophecy of service-based economics.
While this economic path has been created by decades old U.S. policy and is ultimately the only historical economic path now taught in school, Trump intends to change the course entirely.
Because so many shifts -policy nudges- have taken place in the past several decades, few academics and even fewer MSM observers, are able to understand how to get off this path and chart a better course.
President Trump continually proposed less dependence on foreign companies for cheap goods (the cornerstone of a service economy) and a return to a more balanced U.S. larger economic model, where the manufacturing and production base can be re-established and competitive based on American entrepreneurship and innovation.
No other economy in the world innovates like the U.S.A. President Trump sees this as a key advantage across all industry – including manufacturing.
The benefit of cheap overseas labor, which is considered a global market disadvantage for the U.S, is offset by utilizing innovation and energy independence.
The third highest variable cost of goods beyond raw materials first, labor second, is energy. If the U.S. energy sector is unleashed -and fully developed- the manufacturing price of any given product will allow for global trade competition even with higher U.S. wage prices.
In addition, the U.S. has a key strategic advantage with raw manufacturing materials such as: iron ore, coal, steel, precious metals and vast mineral assets which are needed in most new modern era manufacturing. Trump proposes we stop selling these valuable national assets to countries we compete against – they belong to the American people; they should be used for the benefit of American citizens. Period.
EXAMPLE: China was buying and recycling our heavy (steel) and light (aluminum) metal products (for pennies on the original manufacturing dollar) and then using those metals to reproduce manufactured goods for sale back to the U.S. – Donald Trump proposed we do the manufacturing ourselves with the utilization of our own resources; and we use the leverage from any sales of these raw materials in our international trade agreements.
When you combine FULL resource development (in a modern era) with the removal of over-burdensome regulatory and compliance systems, necessarily filled with enormous bureaucratic costs, President Donald Trump feels we can lower the cost of production and be globally competitive.
In essence, Trump changes the economic paradigm, and we no longer become a dependent nation relying on a service driven economy.
In addition, an unquantifiable benefit comes from investment, where the smart money play -to get increased return on investment- becomes putting capital INTO the U.S. economy, instead of purchasing foreign stocks.
With all of the above opportunities in mind, this is how we get on the pathway to rebuilding our national infrastructure. The demand for labor increases, and as a consequence so too does the U.S. wage rate which has been stagnant (or non-existent) for the past three decades.
As the wage rate increases, and as the economy expands, the governmental dependency model is reshaped and simultaneously receipts to the U.S. treasury improve. More money into the U.S Treasury and less dependence on welfare programs have a combined exponential impact. You gain a dollar and have no need to spend a dollar. That is how the SSI and safety net programs are saved under President Trump.
When you elevate your economic thinking, you begin to see that all of the “entitlements” or expenditures become more affordable with an economy that is fully functional.
As the GDP of the U.S. expands, so too does our ability to meet the growing need of the retiring U.S. worker. We stop thinking about how to best divide a limited economic pie and begin thinking about how many more economic pies we can create.
Simply put, we begin to….
…..Make America Great Again !
If you understand the basic elements behind the new dimension in American economics, you already understand how three decades of DC legislative and regulatory policy was structured to benefit Wall Street and not Main Street. The intentional shift in fiscal policy is what created the distance between two entirely divergent economic engines.
REMEMBER […] 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 -generally speaking- 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”. Global financial interests, multinational investment interests -and corporations therein- became the primary filter through which the DC legislative outcomes were considered.
There is a natural disconnect. (more)
As an outcome of national financial policy blending commercial banking with institutional investment banking something happened on Wall Street that few understand.
♦ When U.S. banks were allowed to merge their investment divisions with their commercial banking operations (the removal of Glass Stegal) something changed on Wall Street.
Companies who are evaluated based on their financial results, profits and losses, remained in their traditional role as traded stocks on the U.S. Stock Market and were evaluated accordingly. However, over time investment instruments -which are secondary to actual company results- created a sub-set within Wall Street that detached from actual bottom line company results.
The resulting secondary financial market system was essentially ‘investment markets’. Both ordinary company stocks and the investment market stocks operate on the same stock exchanges. But the underlying valuation is tied to entirely different metrics.
Financial products were developed (as investment instruments) that are essentially wagers or bets on the outcomes of actual companies traded on Wall Street. Those bets/wagers form the hedge markets and are [essentially] people trading on expectations of performance. The “derivatives market” is the ‘betting system’.
♦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.]
♦Understanding the disconnect between an actual company on the stock market, and the bets for and against that company stock, helps to understand what can happen when fiscal policy is geared toward the underlying company (Main Street MAGAnomics), and not toward the bets therein (Investment Class).
The U.S. stock markets’ overall value can increase with Main Street policy, and yet the investment class can simultaneously decrease in value even though the company(ies) in the stock market is/are doing better.
This detachment is critical to understand because the ‘real economy’ is based on the company, the ‘paper economy’ is based on the financial investment instruments betting on the company.
Trillions can be lost in investment instruments, and yet the overall profit valuation – as measured by company operations/profits – can increase.
Conversely, there are now classes of companies on the U.S. stock exchange that never make a dime in profit, yet the value of the company increases. This dynamic is possible because the financial investment bets are not connected to the bottom-line profit. (Prior examples included tech stocks, social media companies, Amazon and a host of internet stocks.) It is this investment group of companies that stands to lose the most if/when the underlying system of betting on them stops or slows.
Specifically due to most recent U.S. monetary policy, modern multinational banks, including all of the investment products therein, are more closely attached to this investment system on Wall Street. It stands to reason they are at greater risk of financial losses overall with a shift in economic and monetary policy.
That financial and economic risk was the basic reason behind President Trump and then Treasury Secretary Mnuchin putting a protective, secondary and parallel, banking system in place for Main Street. They deregulated smaller banks and credit unions with under $10 billion in assets.
Big multinational banks can suffer big losses from their investment instruments, yet the Main Street economy can continue growing and have access to capital, uninterrupted.
Bottom Line: U.S. companies who have actual connection to a growing U.S. economy can succeed; based on the advantages of the new economic environment and MAGA policy, specifically in the areas of manufacturing and domestic production (and the ancillary supply benefactors).
Meanwhile U.S. investment assets (multinational investment portfolios) that are disconnected from the actual results of those benefiting U.S. companies, and as a consequence also disconnected from the U.S. economic expansion, can simultaneously drop in value even though the U.S. economy is thriving.
Trump’s Policy and Economic Solutions in Three Easy To Understand Parts:
Trump Solutions #1 – Domestic Policy
Trump Solutions #2 – Entitlement Reform / Economics
Trump Solutions #3 – The Chinese Example
There was an earth summit Stockholm in 1972 followed by Rio de Janiero 1992 where this all started. It involved the developed countries giving up their wealth and jobs to third world countries to share the wealth around. Global warming was used as an excuse as well.
Australia went ‘free trade’ and into the service economy exactly the same as US. Australia lost most of its industry except mining then.
Econ 101: you get more of what you subsidize, so if you subsidize dysfunction–e.g., Democrats–you get more dysfunction–e.g., Democrats.
Stockholm 72 to the Rio Accords 1992 (Agenda21/30) is a suicide pact for the first world, all based on fairness with zero reflection on systems/culture.
There is a made up statement going back 130-40 years Rudyard Kipling and Darwin on a tour of Africa, ostensibly Darwin quips you know you have proved wrong my Theory of Evolution, after millions of years, many of the Africans are still in loin cloths with bones in there noses.
My point, the canard that we’re all just people given the opportunity in the West they would excel, sure some do, but many just live like they are still in Somalia, while living in Oslo Norway.
Agenda-30 must be destroyed or the West will fall.
MAGA!
Ira Einhorn started this globull warming BS way back then by focusing on trash and how much stuff Americans threw in landfills. IIRC
The first Earth Day was in Philadelphia in 1970.
Ira killed his girlfriend and fled to Europe but eventually died in 2020 in prison.
The goal of Environmentalism was always World wide Communism.
“The Hippie Guru”. They’ve all, always been demented. That guy was a pig. Some dimwit socialite posted his bail – and of course he promptly fled. Remember who his def attny was? None other than Arlen Specter.
I remember that first Earth Day in 1970 . . .
I privately thought it was a lot of hooey that they were making a big deal about at school that day.
When walking on my way to my car (actually, Mom’s 1969 Pontiac Firebird that she gave me to use as she had gotten another car) past the girl’s hockey field, I noticed that there was a lot of debris – as usual – left on the grass by my litterbug schoolmates at lunch. I had a brainstorm: I would pick up all that trash, putting it in a plastic bag (I found an extra one bag in the trash receptacle, under the bag being used). I would fill up the bag and then ask my brother to take a photo with his Minolta camera (he was in the Camera Club) and then I would write a caption about the trash left on the girl’s hockey field on Earth Day and submit that to the school newspaper.
So as I was methodically working my way over the field, one of my friends stopped and asked me what I was doing, was I on Detention. No, I explained to him my idea. He frowned at that, “you know, you should stop doing that, if anyone sees you, they will think you are on Detention . . . anyway, can you give me a ride home?” I was sympathetic . . . he had quite a walk home which included going up a long hill. So I abandoned my idea and put my partially-filled bag in the trash receptacle and we went on our way. I didn’t really care at all if people thought I was on Detention but his sad, lugubrious face (because of his tired feet) superseded. Earth Day, you got a break.
Rush used to say that environmentalism was just the new face of communism. How right he was.
Wow!! – one of your, if not the, best posts yet. (well, economics-wise — your IC posts can be just as illuminating 😎)
Great breakdown of the goal of getting back to a services-to-goods based economy, and the steps needed. The Main Street vs. Wall Street vis-a-vis politics was spot on, too. Well done Sundance 👍
Agree. It was a HUGE mistake to switch to a “services” economy. All those big beautiful cars, good refrigerators, stoves, and washing machines given up in the name of what?
What makes me sick is how many Americans (Wall Street) and Foreign Countries are willing to do extreme damage to Americans and America for China. If this was 50 years ago everyone would be rooting for USA.
On the day Ronald Reagan left office (1/20/93), the Dow Jones Industrial Average closed at 3,412. Eight years later, when Bill Clinton left office, it closed at 10,587. As outsourcing our manufacturing base got underway in earnest, in short, the market tripled in value.
And the Dow’s peak has ascended to the lofty heights of 45,014 as we have continued the remorseless march to a purely service economy. And now, we are outsourcing the service industry to call centers in the third world, with AI looming over the horizon.
How could the Dow climb like this as our national debt skyrocketed and our middle class started to fall farther and farther behind?
The answer is clear: Wall State has been betting against America for more than 30 years. But let’s not leave the national debt out of this equation. We now know where a lot of that money came from (thin air) and where it ended up (in the pockets of a tiny elite and their army of corrupt public servants).
When you look at how the pie is now divided, it is startlingly similar to what the world looked like before the Industrial Revolution and the concomitant political and military revolutions of the late 18th and early 19th centuries. This, in my judgment, has been the objective of the elite for a span of time measured not in decades but in generations. The elite collectively views the last 250 years of history as an aberration– an affront to the natural order of things. The picture that Sundance has posted so many times here is truly their desired outcome. They will live in the shining city on the hill, and we will live in the squalor that has always been the lot of the peasants in a feudal society.
Every time I see Al Gore or John Kerry fly off on a private jet to lecture us peons about global warming, I think of the lessons Sundance so sagely teaches us here. Today’s is a very good one.
A lot of that spike was Alan Greenspan/Fed caused and what economists called “the Greenspan put” which led to multiple asset bubbles and collapses in the late 90’s and 00’s, most notable the 2008 collapse.
Bingo. Greenspan decided to stop requiring derivatives to be regulated. Just like that! That is the root of what led up to the housing bubble. I thought he should have gone to jail. Of course, since then he says it was the biggest mistake he has ever made.
The “maestro” was a conman and it was obvious to anyone who was paying attention back in the day. But the Left fawned over him and his snake of a wife, Andrea Mitchell, so he just kept selling American businesses and taxpayers down the river, to ever increasing applause!
Gotta keep those DC Beltway Bubble party invites coming, don’tcha know? /sarc
Those two bubbles that popped (2000 and 2008) are what destroyed my family’s middle class business and personal well being. We did not own tech stocks in 2000, but their crash brought the whole market down including the stocks that we did own. In 2008, our long time business was in the housing industry. The housing crash and financial crisis destroyed our family business. Of course, the banksters made sure that they themselves were saved with our taxpayer dollars. It is difficult to start over at an older age during crisis times.
I can not forgive or forget what they have done to our country. We are seeing today the results of their ongoing manipulations and their disregards of the hardworking common man/woman.
sigh
Watching the perfomanc of Wall Street is basically watching the performance of the very multinational companies that gutted America. Even the old saw about transfering wealth from developed countries to third world countries is just a cover story. What REALLY took place was the transfer of wealth from middle Classs Americans to stateless multinational corporations.
Look. They close a plant in Small Town USA and ship the manufacturing operation to Viet Nam or China or wherever. What happened? Small Town died. Property values tanked. All the accumulated wealth of its inhabitants just vanished into thin air. Poof! But it didn’t just disappear. It magically REappeared in two places: 1) the place where the new third world plant was built, AND 2) in the increased share price of the company that killed the town when American labor was replaced by cheap foreign labor.
We got mugged. And most folks still don’t know who did it. Now you do. Wall Street multinationals.
Exactly, trapper. I have always surmised that they siphoned the money from the 2000 stock crash and used it to fund their third world investment factories and also to pad their own accounts.
Says a lot about the elites when they took the invocation of natural rights being granted by our creator as a offense personally since 1776.
Doubly so, by a bunch of rough and plucky frontier colonists.
Reagan left in 1988. : )
Excellent post!
Excellent summary. The complications complicit in ‘financilization’ further extracted wealth from the bulk of our citizenry, without adding anything to the general weal.
One of our strengths was creativity and innovation. The unique provisions of our Constitution secured to authors and inventors the exclusive right to their respective writings and discoveries.” This, as President Lincoln said, adds “the fuel of interest to the fire of genius”. This led to our explosion of technology up through the mid 80’s when Congress effectively took inventions from inventors, and gave them to universities. Universities ‘stole’ patents and software copyright from professors and students, slamming the brakes on our technology generation. Why work hard, if the university owns your creative output, and blocks you from using it yourself?
The Silicon Valley explosion of technology acheived by industry/university collablration abated when universities decided our industry was their prey to extract royalties from an ever dwindling supply of new tech from their now enslaved faculty and students.
This was a major factor in our decline of competitiveness. Smart students went into financialization, instead of science, tech and manufacturing .
Feudal peasants with guns.
Timeline is a little off. 1/20/93 would have been the end of the Bush sr Admin. Regan was president from 1/20/81 to 1/20/89. Been down hill ever since except that bright flash from 16 to 20.
When I go pay property taxes for my home that I worked my as& to pay off, I realize I am a serf, one of Gogol’s pending Dead Souls.
John Kerry, or whatever his name really is, like a modern day Manilov, and Zelensky, a nastier version of Chichikov, the picaresque con man.
There is certainly apoplexy. And it is on Main Street.
Wall Street. Fixed it for you!
Main Street/flyover will go the distance for Trump despite the Wall Street screech
They may not grasp the plan, but they’ll stick with the only guy who totally laid it all on the line for his fellow countrymen, putting his money where his mouth is in returning power and EARNED WEALTH back to We-The-People
Deep state is willing to trade US tax dollars for international power all day long. In fact, it’s precisely this implicit transaction that led to the cultural separation between Americans and the IC-driven deep state.
No doubt in my mind that this is where it got started, Caius. I will enjoy watching the Karma.
I have loads of shuttered Textile & manufacturing buildings with houses built for the workers who used to walk to work from their homes where I know live. Its sad and now many of them are being remade as housing for Americans fleeing from Democrat Uniparty cesspools. I can still see Pat Buchanan’s warnings in my mind about all of this that President Donald J Trump is trying to reverse. As a Scot I find the Scots connection to Pat & President Trump highly interesting. If you’ve ever thought of PDJT’s dear mother’s name and his father’s middle name that is a pretty interesting connection as is to me personally with Turnberry in Scotland
There are generations who never knew the age of American excellence, dear Colkitto.
When I remember it, what was done to it, and the deliberate destruction of the spirit of the American worker who kept the nation’s engines running, my heart hurts.
(I’m sure his mother regaled him with Scottish history, her history…and his. People forget that part of his heritage…)
A powerful illustration.
Colkitto,
Proud Scots ancestry in my Clan MacKinnon.
Interesting read in King James Bible around Scotland.
Thank you for your posts.
You clearly, “Get It”
Ty for your compliment my fellow Scot. So you know about the Declaration. A few of us here understand exactly what you are talking about.
Betsy jones, back in the day, when I called upon Maine colleges and Universities for a large publisher, I frequented UMAINE Orono and UMAINE Farmington. When in Orono, the bouquet from local Old Town mill was ominpresented.
Driving home from Farmington, I took Maine Rt 4, down through Jay, the home of another large paper mill.
I am pretty sure that Richard Russo’s Empire Falls was set in either Jay or Rumford, Maine.
As bad as they smelled, I do hope that those mothballed mills fire up again.
This is a hill to die on, this is a national security issue of the upmost! If we don’t do this now manufacturing will never return and America will be forever a weaken country, ” a U.S. economy based on “services”; a service-based economic model” rather than a manufacturing giant/juggernaut!!! Godspeed President Trump!!!
PDJT is trying to reverse the treason of the Council On Foreign Relations controlled Bush/Clinton/Obama traitors and their Unfair Trade they Orwellianly called “Free Trade”
Look its the three stooges. Scary, Crooked, and Foe
Dewy, Cheatum, and Howe.
You always deliver the goods my dear friend, Colkitto.
I’M NOT TIRED OF WINNING!
I wanted to make sure you saw this of all Treepers here. I transferred my Scots Clan Chief loyalty from Pat to PDJT, who happens to be a MacLeod by way of his dear Mother Mary. His father’s middle name is Christ.
Pat Buchanan: The speech decades ahead of its time.
https://odysee.com/@CubbiesEdits:c/pat-buchanan-the-speech-decades-ahead-of:4
I WAS THERE COLKITTO…I WAS IN THE ROOM WHEN PAT ANNOUNCED ON DEC 10, 1991!
(Sorry for shouting everyone… it’s not an angry shout… it’s a “showing off to my Treeper friends” shout 😁)
How lucky you were my friend. I watched on TV perhaps C-Span? I got hit with foresight and knew he was right and was warning Heritage America about their plans to destroy our country and us.
I used to correctly argue in my environmental science classes that Pat was the real “Environmentalist” not Clinton & the Democrats, because of his immigration policies and on Unfair Free Trade because it allows US corporations to bypass our stringent & expensive environmental laws and pollute with impunity in Mexico, or anywhere else. I ended up voting for Lt Col Gritz with the Populist Party once Council On Foreign Relations GHWB “won” the GOP Primaries.
I’m so honored to talk to you here.
(I think they really began to fear & hate him when he did his famous & prophetic “Cultural War” speech at the 92 RNC. Its chilling to hear his warnings of what was coming.
Oh my goodness Colkitto, so much to share with you, so little time.
You are a much deeper thinker than this C+ in a public highschool… your take on environmentalism is spot on. Our landfills are full of cheap-quality Made in China crap and then the Dems punish us with.
As to Bo Gritz, I wrote in my friend Howard Phillips of the US Taxpayers party in 1992, now the US Constitution party.
Back to Gritz, I knew about him in the 80’s when I was in the Army and the Special Forces unit I served in had a Major who served in Panama under Bo.
I asked the Major about Bo. He said, “Best man I ever served under.”
P.S. Buchanan 1992 Convention speech is one of the all-time great speeches.
Shortly after the GHWB loss a co-worker said, “Buchanan caused the Bush loss.”
I said, “No, Bush caused the Bush loss.”
He never brought it up again.
Great stories my friend. I salute you and this is not the first time!
I don’t know if Goldwater addressed trade all that much, however I still think of him as the first, in my lifetime of a series of Populist/Nationalist/Libertarians, followed by Pat, and Perot, RON Paul, Reagan and PDJT, and even some on the D side of the ledger, like John Edwards,…
and, long before anyone coined the term “Globullusts” they worked to undermine such campaigns, seeing them for the threat they were.
Loved the RON Paul distinction…the good doctor was a good man… met him and supported him in ’88, ’08, and ’12 in his runs for president.
Interesting take on John Edwards…🤔
There were orher populist Dems, as well. This video showschow different the Dems wwre, in the past.
One frequented Epstein Island, the 2nd installed the Nazi “Patriot Act” and fraudulently started the Iraq War, fully escalating the neocon Project for New American Century, and the third catered “hot dogs from Chicago” to the White House.
“Trump is crashing the stock market by 20% this month, but he’s doing it on purpose. This is why Warren Buffett just said that President Trump is making the best economic moves for the country that he’s seen in over 50 years. Here’s the secret game he’s playing. He’s pushing cash into US Treasuries which forces the Fed to slash interest rates in May.
These lower rates gives the Fed the ability to REFINANCE TRILLIONS of dollars of debt very inexpensively. It also weakens the dollar and drops mortgage rates for consumers. His tariff strategy is a genius play. It actually forces companies to build here to dodge them. It also forces farmers to sell more of their products here in the US to bring grocery prices way down. We’ve already seen this with eggs.
Remember, 94% of all stocks are owned by only 8% of Americans. So, President Trump is taking from the rich short-term and handing the money to the middle-class through lower prices.”….
https://tierneyrealnewsnetwork.substack.com/p/its-darkest-before-dawn?r=yiwmd&triedRedirect=true
The part about Warren Buffett isn’t true. He hasn’t commented on these moves.
I’m not an economist of any sort but old enough to see the awful change in the USA over the years and at least smart enough to recognize that we built China and gutted the USA in the process. Kind of like unleashing Chainsaw Al on the whole country.
I’ve had faith in our POTUS – the smartest and bravest person to sit in the Oval Office in my lifetime. Thanks for your comment and also thanks to Sundance – it explains the strategy nicely.
Council On Foreign Relations mouthpiece & automaton GHWBush’s “New World Order” speech.
The Orthodox Christian Russians collapsing their Soviet Project forced them to switch to China imo.
“,….weakens the dollar,..” confuses some/many,..with other countries devalueing their currencies to compensate for the tariffs, makes the $ “stronger” and therefore makes our products, when sold outside the country, more expensive.
So, “weakening” the $ is actually a good thing.
A short way back in time, eggs were about $9 a dozen! They killed a lot of clean chickens then! I went eggless for a little while! Now they are recovering!
It is likely that the derp state and wall street financiers have long intended to cause a recession, to blame on PDJT. It is easy for pension fund managers and large financial institutions (we all know) to control the ‘market’. PDJT, recognizing this intent, has taken the opportunity to reset the globalization disease, by balancing trade and tariffs to use the recession to weaken the wall street financiers and strengthen ‘main street’. He needed to do this early, and rapidly, to enable the prospects of recovery (growth of new jobs and new domestic manufacture outside complete wall street control) before the 2026 midterms.
Nice one Seth!
And believing the Op Mockingbird fake news media run by the CIA and managed by the Council On Foreign Relations whose memberships consists of key members of the Uniparty Congressional clowns, Corporate CEO”s, and Media, the very definition of “Fascism”.
We could communicate in meme form only if you prefer.
get ready for WW3
Your a meme genius. WW3 are you familiar with Albert Pike?
No sir. Is he a 1990’s guy?
Albert Pike three world wars. The one Democrat Confederate General statue they have been reluctant to pull down or move.
Oh I get it, the Robert Byrd effect
what does it mean?
It would be a bit too complicated to explain the whole thing but I will point out that the guy in the Cowboy hat is Charley Wilson who gave the Muhjadeen’s from Op Cyclone Stinger missiles and began the modern day creation of fake Islam Wahabbism and the new Emanuel Goldstein boogeyman replacing the old Communist one. Op Cyclone II was used in Bosnia against our friends the Serbs.
See my post to Gypsy below about the promotion of fake atrocities and such in Kosovo which was much like Bosnia & the ethnic cleansing ops of Krajina by the NATO/IC fake news, fake atrocities, and coverup of real atrocities. Much was all illusion and some I witnessed with my own eyes on the Mockingbird Tele
And “Died Suddenly” and ALS and accelerated cancers, etc….
Mel’s had the inside line on them Mayans a long time now
Apocalypto – Wikipedia
Blackfellas
Blackfella – Wikipedia
Blackfella (also blackfellah, blackfulla, black fella, or black fellah) is an informal term in Australian English to refer to Indigenous Australians, in particular Aboriginal Australians, most commonly among themselves.
Similarly, the term whitefella, especially in Aboriginal use, refers to non-Aboriginal or European Australians.
Mel Gibosn’s / Mark Whalbergs recent Flight Risk movie was pretty good
Ty I really enjoy almost all of his movies. The Fatman was hilarious. Conspiracy Theory is gold.
“Air America” even way back, he was communicating…
Cause it is.
And a woman!
‘ The benefit of cheap overseas labor, which is considered a global market disadvantage for the U.S, is offset by utilizing innovation and energy independence. ‘
Some believe that this is why US innovation and energy have been under attack for years.
Consider all the insidious influences degrading the ability of Americans to innovate, and weakening the energy position. The ones clearly or likely driven in bad faith by hidden manipulators of government and corporations are in bold:
Destruction of the family impacting everything including mental health. Helicopter parenting stunting childhood development. Dumbing down education. DIE. Functional illiteracy exacerbated by smartphones. The bad drug epidemic. Economic overstress. Bio-attrition by the modRNA shots.
Energy? The climate canard.
To restore innovation and industry? Not something that can be done in a few years.
So, what is really behind Trump’s actions?
We have been under attack by communists for over one hundred years now. When they realized they could never defeat us militarily, they began their “long march through the institutions,” whereby they would defeat us from the inside by destroying and corrupting the institutional pillars that once upheld American liberty – and then turn them against us. And they have been very successful in doing this.
The whole point of MAGA is to reverse this and kill it. But here’s the thing: As Reagan said, liberty is always just one generation away from extinction. After the Cold War, we let down our guard, under the mistaken belief that the communists had been permanently defeated. But communism is just one example of the widespread evil present in the world, an evil that can only be defeated by God.
The best we can do is to fight it off, generation after generation, until the time comes for Jesus to return and defeat it completely. As humans, we are weak, but we are not defenseless, and we should fight like tigers with all the strength we have. That is what is behind Trump’s actions.
Beautifully explained, Sundance! If, as they say, the devil’s in the details, your dissertation has dispelled any of Old Nick’s doubts about the wisdom of tariffs and its importance to America’s economic liberation!
I listened past Trump’s brief exchange with Helen Delich Bently to the testimony of Democrat Jimmy Hayes of Louisiana, which brought home the fact that there are no Democrats like Hayes anymore in the new Marxist Democrat party.
It’s a little troubling that supposedly staunch MAGA Republicans like Ted Cruz and Rand Paul have both come out strongly against Trump’s tariffs but that doesn’t make me question the wisdom of the tariffs, rather it makes me view Cruz and Paul through a new lens. Bluntly put, they are either willfully ignorant of the benefits of reciprocity and fair trade or they are corrupt and benefiting from the existing corrupt system.
If you paid attention, many here, for quite some time have been saying Cruz and Paul are not to be trusted, and are in fact corrupt.
If someone can prove to me through actual evidence that Cruz and Paul are corrupt – re-posts from Cat Turd and Libs of Tik Tok don’t count – I’ll listen. I personally think they have their own self-interests.
I see those two – and there will be others soon – as doing some self-preservation right now in case this all goes under over the next few months. Not a bad strategy, IMO.
Fence-straddling is a popular sport in DC.
Actions sprak louder than words….and there is a long list.
Look at the details of what occurred in the run up to Jan 6th, in the Senate for instance.
And take it as a given that both have recieved copies of Sundances reposting of Regitigers analyses of J6, and yet have remained silent.
They have you fooled, just like Jordan, Grassley and others have fooled many, over the years.
Evidence? They keepgetting re-elected, which can not happen without the consent of the leadership, and comes at a price.
“And take it as a given that both have recieved copies of Sundances reposting of Regitigers analyses of J6, and yet have remained silent.”
Great point. Because of this, and specifically this, they are both guilty until proved innocent. And we know they won’t be proved innocent. When I regard all these people, J6 is my litmus test.
Only a couple of months ago, many here were also saying the same about Elon Musk. I wasn’t one of those, so I’m happy they’re no longer saying it about Elon on CTH.
I’ve always trusted Paul more than Cruz but 10 years ago I trusted a lot of Republicans who turned out to be uniparty traitors…including both Bushes, so I’m gonna wait and see on C & P.
Sanctions, in the global economy, are the reverse of tariffs. We had put sanctions on Russia. It forced Russia to get honest with its economy. Now they produce domestically everything they need, and inflation has gone down for them every year. Financially, they are much stronger for the sake of the sanctions we put on them, and Russia does not need to obtain dollars to use as a reserve currency, because the ruble is no longer worthless.
China just raised its tariff against us. Why is that significant? It did not cost nothing to move manufacturing to China. The move was financed by Wall Street, and perhaps $5 trillion was spent building factories and infrastructure in China. A matching $5 trillion was spent shutting down U.S. factories, retiring workers, and building the supply lines to China. The bankers and the management who organized these deals got rich. And now all this debt is in the corporate bond markets, secured by the good name of U.S. companies. They paid to build the factories in China, but Chinese partner companies own the plant and can take it at any time. So, what is the security for this debt?
The intangible value of flow of goods in the U.S. to China market is security for this debt in the form of Quadrillions in derivatives. Why is this edifice at risk? We are putting up tariffs, because the paradigm didn’t work. The goods China exported to us were junk. It harmed our economy; it harmed Europe. We are in deep denial of the fact this was a swindle. The lesson of Bernie Madoff was well learned by Wall Street. Not to not do what he did, but how to copy him and get away with it. And the money is gone.
We must claw back the money. Why care about Panama, when the big ships don’t fit the canal? Money laundering. Rubio should know where the Cabal keeps its accounts, places from Hong Kong to the Virgin Islands to Luxembourg. He doesn’t look scared; he looks resolute.
thx for that analysis, Paul
This was awesome Sundance from beginning to end.
Dems are comprised of Elites, govt workers and welfare leeches. They’re not interested in job creation.
“investment instruments -which are secondary to actual company results- “
This is what caused the crash of 08.
The banks made their money in commissions and origination fees creating the loans. They did not care if the borrower could repay because they sold off the loans to Wall Street.
The banks packaged the bad loans doomed to default nestled inside of portfolios that were made up of good bad and ugly loans. This eliminated the default risk to the bank.
And when you could not repay a loan that the bank should have never loaned you in the first place, there was more money to be made in the foreclosure machine happy to foreclose on you.
Win win for everyone but the naive homeowner who lost all their down payment, closing fees, monthly P&i payments and any improvements on a house that the lenders always knew they could not afford.
It was criminal!
Then when the Ponzi scheme crashed, the taxpayer paid off the banks who had all made money on originating and servicing the loans.
Only the lowly homeowners got screwed
And thousands of small and medium family businesses got screwed.
Andrew Cuomo was Clinton’s HUD secretary. He implemented policies that raised quotas for home loans for borrowers below the median income that was as high as 56%. Fannie Mae and Freddie Mac were pushed to buy these mortgages issued to poor homeowners who could not afford them , many defaulted and taxpayers were left paying the debt. Andy has been a fk up his entire political career.
thx, Elle – nice summary
Win, win for everyone in the big banking and big financial industry.
But many, many small to medium business were destroyed and many lives are still affected by the crash to this day.
Carefully read this analysis. It’s all laid out right there.
The concern trolls are just here to distract, & obfuscate.
Maybe those “concern trolls” don’t agree with everything that’s posted here 24/7? That’s their choice.
You don’t agree with anything that’s posted here 24/7.
That’s your problem.
If I had a dollar for every time I’ve posted this . Prophetic is an understatement . Sir James on globalization and trade that a high schooler can understand , but politicians can’t/won’t/don’t .
Even Congress used to speak coherent English.
Sad to say but I’ll bet there aren’t 3 in ten congress- person’s that can, or would be able to discuss with any modicum of sophistication the economics presented in the above stellar article.
Congress is just hollywierd for ugly people; thats why Matt Gaetz had to go, lol.
They don’t understand anything, they don’t need to. Just read the lines on the card, and do as they are directed to.
Paid/bribed/threatened/blackmailed to, NO ?
“A return to a goods-based manufacturing and industry driven economic model.”
I think you will find the New Right takes it even further: a return to a WORKER-BASED manufacturing driven economic model. The premise is that when we began viewing American workers as merely “consumers” we lost our way and went down a dead-end path.
The focus going forward must be on workers, families, and communities, and policies focused on generating the highest quality of life for all three, rather than policies that focus on simply making cheap goods widely available.
https://commonplace.org/2025/03/18/a-post-consumerist-economics/
https://www.heritage.org/event/the-once-and-future-worker-how-the-consumerist-consensus-led-america-astray-and-how-recover
https://americancompass.org/how-the-consumerist-consensus-led-america-astray-and-how-to-recover/
FTA below: “The decline in quality of life for most Americans in recent decades is the result of an economy that has stopped spreading prosperity as it once did.”
And there’s the rub. I would say that decline in quality of life began when we ceased viewing workers as producers, and began viewing them as mere “consumers.” I’m not alone in this belief.
https://www.understandingamerica.co/p/if-the-affluence-we-pursued-brought
Depending on who one reads, the loss of one manufacturing job seems to take somewhere from 4 to 7 other jobs in a community that resulted from the increased manufacturing jobs. Its like the rock dropped in a lake and the circles of energy moving away from the rock’s center.
Actually, the average multiplier of manufacturing jobs is 10. Some industries are lower, some higher. The average multiplier for an auto assembly plant is 14. That is, on average, every manufacturing job supports 10 other jobs OUTSIDE the manufacturing supply chain (it doesn’t count the jobs that supply the plant with raw materials or parts) through the spending and re-spending of that manufacturing payroll in the area where the plant is located. Stores, construction, services, whose employees in turn support others, and so on, and so on, and so on. The Bureau of Labor Statistics used to keep up to date multiplier numbers by industry. I assume they still do.
This is even more relevant in the age of AI and advanced robotics, which threaten to make almost all human manufacturing employment obsolete.
What was the point of the Industrial Revolution and the follow-on revolutions? I think to most people the bargain was that the entrepreneur would produce a product that increased the standard of living for people, or put another way, facilitated the pursuit of happiness – for a profit. Almost everyone accepted this bargain and was happy with it.
But where are we going now? Will AI and robotics that eliminate the need for human labor lead to increased living standards and aid in the pursuit of happiness? Only if you believe unemployment leads to a better quality of life. The question is not unlike the question regarding nuclear weapons – just because we CAN do it, doesn’t mean we SHOULD do it.
If AI and robotics are used to stymie the pursuit of happiness, then the bargain we accepted in the past has been breached, the increased living standards in exchange for profit is now tilted all to the profit side, and at that point the technology becomes our enemy, not our ally.
Ah, its been awhile since we has an update on “Maganomics 101”, and didn’t even mention “lemons and widgets” once, lol.
For any who found their eyes glazing over when reading this, I heartily reccomend bookmarking it, and keep re-reading it.
When I did, I found each time I read, I got a little farther before getting lost, and eventually I “got it”.
You can’t understand President Trump, without understanding ECONOMICS.
Recall, his degree is in,…ECONOMICS.
God forbid we should allow economics to factor into our trade policy …
Hey..…I like the lemons and widgets!
😀 😀
Sundance has been the only person who
has been able to explain economics in a
way I understand.👏
I am excited about getting us-
back on track.
MAGA=Made in America.
🤷♀️ 💁♀️ Being self-sufficient. Independent.
It is part of what being an American is all about!
🇺🇸 🇺🇸 America First 🇺🇸🇺🇸
The CIA is doing similar things in Ukraine using the Neo-Nazi Azov’s like they used the Al-Qaeda linked KLA in Kosovo and later tried to do with the retooled KLA as the NLA in Macedonia, except the Macedonian military stopped them and caught them along with 17 or so US terrorist “trainers”
“The role played by the CIA in the OSCE KVM is quite controversial – at a time when the US and NATO were accusing the Serbian government of committing atrocities, the CIA was using the cover provided by the OSCE observer mission to coordinate with fighters from the Kosovo Liberation Army who were engaged in a guerilla war with the Serbian military. Serbian operations in response to CIA-directed KLA attacks were being characterized by the West as ‘genocide’, and used to justify a planned NATO aerial bombardment of Serbia.
These facts, however, ran counter to the narrative of a Serbian-initiated campaign of ethnic cleansing which the US and NATO were spinning. The British OSCE observers were well aware of the complex reality of what was transpiring inside Kosovo, where legitimate Serbian military operations against known KLA forces were being described as “massacres of innocent civilians” by the Western media. The truth, however, was often inconvenient, which is why at that moment in time, on March 20, 1999, the British observer contingent found itself exiting Kosovo at the same time Kurtz and his fellow CIA officers were going in.”
https://www.algora.com/Algora_blog/2022/03/24/natos-bombing-of-serbia-the-unpunished-war-crime
Interesting article!
Donald Trump was actually a more seasoned 45 years old when this hearing took place in 1991.
A “service-based economy” makes us “servile”.
“America doesn’t MAKE anything anymore … America makes pizzas and pole dancers”
— unattributed
That ‘service economy’ Bush spoke of way back…was so we (the people) could have access to areas of the economy that would simplify our lives, while we worked our tails off more and more, for the globalists. He neglected to inform us of the high unemployment and lower wages.
Don’t get me started on the “Bonesmen”.
Wow what great and clear information.
Thank you as always Sundance !
Question: Is there anyone within President Trumps circle that understands this approach and will the join in and back him ?
This is not just a spam, but another studied voice:
Tom Sowell’s new site…
Factsagainstrhetoric.org
it is a site within TSfreemind.com
An amalgam of topics, not just his contributions
Its incredible to think that the Dem morons enjoy supplying countries with tax payer money to prop up their healthcare and benefit systems. Don’t they realize how much better off they are going to be? Its really frustrating that someone here can be out of pocket a $100,000 for breast cancer, while the communist UK is only paying $6,000. You would think ALL women would be on board for reciprocal tariffs, or zero tariffs for all!
I can’t bear their stupidity any longer!
Well if socialists understood economics they wouldn’t be socialists
And this makes him a true leader.
Not a politician.
I read an interesting piece which I should have saved wherein it was reported that every morning President Trump says, “It’s business. It’s always business.”
He’s got the advange over every politician in every country the US deals with….and the ones in this country, too.
He outsmarts and outclasses them all.
I think there is a reason that President Trump loved to have Lee Greenwood sing “I’m Proud to be an American” at his rallies. He is not in this for power or power – he had more than enough of both of those before he ever ran for office. He is, quite simply, a businessman who loves this country, has seen her at her best, and believes that he knows how to return us to those days. This is BUSINESS to him but he also understands that it is more than that…especially for all of the millions of families who have lost EVERYTHING to a cadre of globalist elites who despise everything about this country!
“If tomorrow all the things were gone
I’d worked for all my life
And I had to start again
With just my family by my side
I’d thank my lucky stars
To be livin’ here today
‘Cause the flag still stands for freedom
And they can’t take that away…”
“…but he understands it is more than that.”
I phrased it differently, sis, but said the same to Colkitto.
He watched the lifeblood of America drain away through the actions of those wicked globalists, though at the time that word was not in high use as it is now. And with the jobs they stole also went the dignity of work. Then because they were not needed, the skills which have eroded ever since.
It was in every sense the murdering of America by asset stripping…and the generational human cost was the worst part of it.
Which President Trump watched and which was probably the final impetus for his coming down the escalator that day in 2015.
As with the two men waiting for Godot, he kept demurring saying he wouldn’t run because he thought someone would step up to fix us.
I’d very much like to believe at that point the Holy Spirit must have tapped him on the shoulder when he must have said to himself, “It’s meant to be me…”
And so it is.
For all the concerns about JD Vance’s associations with Vivek, Thiel, et. al, I still think President Trump chose him because he saw HIS people, including his mother, be destroyed by the loss of decent, respectable middle class jobs. And he has seen, and personally FELT the utter contempt from the elites for the “poor white trash” from which he came!
My family settled in Kentucky, Iowa, Nebraska, and Ohio when they sold themselves into servitude to escape famine in Ireland, so those are MY people too, and I guaran-dam-tee ya they have NEVER experienced one day’s worth of white privilege in their entire lives! Not saying they were perfect people – they have definitely been their own worst enemy far too many times but they did not deserve what was done to them by the Bush, Clinton, Bush, Obama globalist network and I think President Trump and VP Vance see that in a way that very few of the DC chattering class will ever comprehend!
Well said.
Oren Cass makes a clear case on tariffs: https://notthebee.com/article/watch-oren-cass-explain-in-under-90-seconds-trumps-tariff-plans
So when Rs get kicked out of office in 2026 and 2028 and Dems once again resurrect the economy for like the fourth time in a row – will the voters in 2036 vote for Rs again, because Rs are better for the economy??
Are we just incapable of learning?
The biggest thing that should strike anyone watching that video of DJT testifying in the Budget Committee are the stark contrast as to what we have now. These representatives are actually talking about policy changes to HELP the American people. They are actually knowledgeable of what they speak. They are not giving speeches about how bad the Republicans or Democrats are they are talking about the logical exchange of ideas. We do not get that any longer. They give long and tiring speeches that contain nothing of value other than talking points for their side. Nothing of value to HELP and REPRESENT the American people. Its is quite remarkable how far we have dropped in value added government.
We happen to have a President who is a business genius, a prodigy.
The best thing we can do for ourselves and America is not to second guess the man.
Allow his gift to come to fruition. Stand back and admire what can be done by thinking creatively based on sound principles.
God given talent will manifest itself in greatness for our country.
We are damn lucky and blessed to have him.
He’s not the first great man this country ever produced, and God willing he won’t be the last.
If it wasn’t for the screaming lunatics running around with their hair on fire, I could enjoy the show a lot more.
Finance, selling numbers; the parable of two farmers and their mule.
“We were making a good living until the mule died.”
what are the chances of and what would be the consequences of reinstatement of Glass-Stegal?
It needs to happen. I remember President Trump threatening to do so back in 2015, but he never did. He also threatened to end “carried interest”, but that didn’t happen either.
I hope he gets it done this time around.
Why does no one care about this? And why is Musk bad for wanting to save billions upon billions of wasted taxpayer monies?
OR is the real reason for much of the judicial interference and the Tesla crap simply a diversion so PT and his team don’t expose the hundreds if not thousands of DC folks who have been money laundering billions?
What better way to hide crimes than via a massive hissy fit.
1500+ “Zombie Programs”, Over 8% of Federal Budget Spending at $516 billion, is Unauthorized, Possibly Illegal
https://www.thegatewaypundit.com/2025/04/1500-zombie-programs-8-federal-budget-spending-516/
I think we’re just chipping the top of the DC fraud iceberg
That fraudberg needs be be melted with the heat of a thousand suns.
No subtle way to go about doing it if you ever want to be rid of it within a reasonable time frame, let alone a human lifespan.
I see some pundits are writing commentaries, saying “the way for foreugn countries to deal with Trumps tariffs is simple; just cut their tariffs to zero.”
Sure that will work for some, like Vietnam for instance which has just done so…
But what about those countries that have shaped their economies to be DEPENDENT on the status quo as established by the marshall regime?
Countries which built their econonies on being able to sell into the vast American market, with their industries protected from any competition by U.S. Companies, and who also underfunded their defence, confident that if threatened, the U.S. would protect them so they didn’t need to?
Countries who then used the $500 billion/year they exfiltrated out of our country, to give their citisens state of the art infrastructure, and a very generous set of entitlements, in order to buy their votes in elections?
Will their citisenry accept “austerity measures” and losing the free healthcare, generous pensions, etc. and continue to elect these eurowienie globullusts into power?
How to encourage regime change, without spending a dime of USAID money, by applying tariffs.
And, the very same eurowienies that are suppressing human rights of their people, and encouraging Zman to keep fighting Russia.
A reckoning is headed their way, and it’s going to be ugly and painful.
I think this is on point — very refreshing insights from Martin Iles, a visitor to the U.S. He’s reading the tea leaves very perceptively about the difference between the US and everyone else in the west. He’s a Christian minister and lawyer from Australia who leads Christian events in “western” countries. This was a Facebook post, so it’s long — apologies if it violates a posting guideline. I think it contributes to this conversation at least re: our culture vs the rest of the world.
Having lived in the USA for nearly two years, I’ve realised something. The USA and the remainder of the Western world are no longer aligned.
We all laugh and mock when the Americans say, “Freedom!” because we truly think we’re as free as they are.
Wrong. We’re not. Not even close. The laws, the mindset, and the behaviour, is totally different in this regard.
Most of all, the governments are totally different. The USA’s convictions around core freedoms are on a scale we do not share.
Meanwhile, Donald Trump wins the popular vote, the electoral college, the House, and the Senate… a man who, in every other Western country, is held in open derision, if not contempt.
For these and other reasons, we are not the same.
Yet the West, including Australia, fully expect to rely on the USA for our very survival. If the world turns bad (which will happen – only a question of time), then the whole West, without America, is toast.
So, you may ask – if we’re not very aligned ideologically, then it must be that we bring something to the party militarily?
Well, no… actually… we don’t matter that much militarily.
The USA has about 470 ships in its navy, including 11 aircraft carriers, 69 submarines, 75 destroyers… plus 110 new ships in the pipeline. Australia has about 30, including 3 destroyers, 7 frigates and 7 outdated submarines. The UK does a little better, with about 60.
Meanwhile, the US has over 14,000 military aircraft. A staggering number. Australia has 252 military aircraft. The UK has 556.
The US army has just shy of 1,000,000 uniformed personnel in its military. Australia has about 45,000.
The USA spends 3.4% ($968 billion) of its GDP on defence. Australia spends 2% ($36.4 billion). The US spends as much as the next 15 largest military-spending countries (including China) combined.
The USA has a fighting culture. The men shoot things (a lot) and hunt things, the veterans get favoured in everything from parking spots to boarding planes. A uniformed young man is thanked in the street a dozen times a day.
“Oh, the Americans and their guns!” we say, in our smug way. Yes, they have a warrior culture. We do not. We don’t have to, because we’re a leech on theirs.
How many young British men are willing to fight for their country? Now ask the same regarding young American men. The difference is about as wide as it could be. Militarily, we don’t offer squat.
Meanwhile, look at the way Australia works against America’s interests by loving on China. China made us rich and we stay close. This is a Marxist regime with expansionist aims. Again, you have to spend time in the USA to realise just how vast a gulf there is between us on China. Europe, too. They let China have their way everywhere from Germany to Greenland, all the while importing Islam and sending their own people to court for saying hurty words.
Somehow, we have landed the deal of a lifetime with the USA that says, “when the baddies come, you’ll save us ok?” Because we can’t save ourselves. And we live in peace. But we keep gnawing away at freedoms, keep enabling China, and get flabby and disinterested about our military because Uncle Sam’s got it.
And, let’s be honest, Americans are widely looked down on. To add insult to injury, we don’t think that highly of our protectors.
So, the USA is finally saying “enough.” I am here, I can tell you what the vibe is, and that’s it. Trump is doing what people want in this regard. They’re over it. And we come across all shocked and hard done by. We behave like people with no self-insight at all.
Yes, the global alliance system is all over the place now. From America’s perspective, it’s about time.
And I must say, though I be a proud Australian, I am forced to agree. Something has to change.
A grand read. Loved every word and I usually read short.
His perspective is insightful and true to a tee.
God help the rest of the world now that Americans are pulling themselves back from the brink.
We will don the life jackets first from now on and may save others if possible, but there are no more guarantees.
Now would be a good time to send an email to your Senators and Congressmen telling them to be steadfast in supporting the tariffs and President Trump’s economic policies. As President Reagan said during the initial pain of his economic policies, “Stay the course.”
Grassley has the audacity to create legislation to control tarfiis, he says Congress should have more power over Trump’s tariffs…. he’s a lifelong pretender of support for farmers, this new game is proof… he’s a disgusting grifter.
Question to Google AI: How much of the National Debt needs refinanced this year?
Answer:
AI Overview
In 2025, the U.S. government needs to refinance approximately $9.2 trillion in debt that will either mature or need to be refinanced.
I think enough money left the stock market to get into something safer that there won’t be too much trouble finding buyers of 10 year bonds and shorter term Treasury paper.
The 9.2 trillion dollars has its own You Tube channel:
Found this new Tucker Carlson interview with Treasury Secretary Scott Bessent very helpful and in line with Sundance’s post, so sharing here. It’s 1 hour in length:
Remember the dark days ? Say 2013?
The dark side was in full control and everything was getting worse everyday…….
Some of us prayed hard in those dark days, I know that I was not the only one.
We prayed for a deliverer. America has always been lucky and blessed that in its darkest hour the right leader at the right time steps up.
This was the day we prayed for.
Thank you for answered prayer Creator God and continue to bless the USA.
Ride or die with Trump. That is why we elected him. His plan is now in command and we need to execute it in our own way until it is done, which means, in part, striking a blow against the deep state.
Here we go!
Businessman President Donald John Trump knows what he’s doing.
The young man in the video attached to this link > > > https://matthewehret.substack.com/p/trumps-tariffs-and-treason-an-essential < < < explains the power of thoughtfully applied tariff vs the old British Empire’s constant harping on the poisonous beauty of free trade. London has been calling the shots for a long time. DJT is bustin’ up London’s sweet cherry pie. The vid is 3 hours long. It took me two days to watch it all. Some of the young people in the rising generation really do get it.
This is a fabulous article!!
We are blessed to be living in the era of President Trump!
I am so excited!!!
Thank you, God, for President Trump and all the MAGA Americans!
👊👊🙏🏻🙏🏻❤️❤️🇺🇸🇺🇸
In addition, the U.S. has a key strategic advantage with raw manufacturing materials such as: iron ore, coal, steel, precious metals and vast mineral assets which are needed in most new modern era manufacturing. Trump proposes we stop selling these valuable national assets to countries we compete against – they belong to the American people; they should be used for the benefit of American citizens. Period.
This! Be it land, natural resources, American companies, or any other asset.
There should also be a limit on the total foreign investments in any American asset of not more than 40% and no land or housing ownership (not an American citizen, lease/rent only).
reminds me of hillary clinton approving sale of our uranium resources to russia, coincident with a major transfer of money to the clinton foundation, IIRC
Watching the interest rates come down.
If I still had money in the market, I’d want to look at copper.
“Easy to destroy, hard to build.”
Democrats have an easy job. They don’t have to understand much about economics to destroy.
Terrorists didn’t have to know much about engineering and jet propulsion to wreak havoc on 9/11.
Trump and MAGA have to be highly intelligent, determined, strong, persistent, problem solvers
to succeed and overcome the enemy’s attacks. With God’s help, of course.
Permalink in my Trump-47 folder. Another of your articles that includes explanations for the proletariat as to why they can trust their gut based on their eyes and ears.
Excellent post here! Several markets are already helpful in understanding initial impacts as well as understanding where things will likely trend by later this year, namely the dollar, interest rates (10yr/30yr), and oil. Trump’s demonstrated long term vision for the nation combined with a macro hedge fund manager at Treasury are a powerful force. Incredibly exciting times for America. The short term is noise. Eyes on the prize.
Oil down $5 a barrel to $61.99. Everything we buy will be less. Trump’s economic plan is working. The boom is about to start. Then , to the moon.
My husband sent me a Newsweek article saying how lower gas prices are a bad sign for the economy. I asked him how consumers saving money hurts the economy, he reread the article 3x’s and couldn’t find the answer. Lmaoooo
NewsWeak = gaslighting / false narratives
Gently suggest hubby discard NewsWeak and start monitoring pro-Trump sources of economic analysis and investment information. No establishment-friendly sources will be objectively accurate and reliable.
I have found ZeroHedge to be more accurate and closer to reality than any legacy financial news source.
Of course Sundance has had probably the most unvarnished perspective on economics than most other commentators, and he is usually way ahead of the rest of the media in seeing the real results of various economic indicators and policies.
Sundance is awesome
Think the implication is that cheaper energy implies less manufacturing, less travel, less consumption, etc., meaning fewer transactions and therefore slower “velocity of money”. All voluntary exchanges add value, and cheaper energy incrementally lowers the cost of all transported items. In Dec 20, Costco gas in MN was $2.00/ gallon and the economy was booming. Newsweek a failed experiment in journalism.
I have friends that IQ wise are smarter than me and whom I respect, but when it comes to politics they are novices and just stupid consumers. They constantly parrot MSM with no analysis of what that means. And it boils down to this. They do not like Trump’s style, and will not admit that this is the main reason why they hate him. (All the good things he’s now doing be damned!). I know a couple in FL that changed their party affiliation from democrat to something else, anything but republican. Nuts.
It interesting to read the sophomoric comments by those concerned about the recent DOW losses. “Economic Armageddon” with a couple of 5% losses reported by the “wise economists”. “Worst losses in DOW history”. Given the rise in the stock market over the last 3 decades, the average losses appeared large, but the losses were lower percentages than the single day losses of Black Monday in 1985…. 22% in ONE DAY!! Who will benefit from the “whipsaw trading”….. the brokers. They might be ordering their new yachts today.
indeed, not to mention the equal weight S&P is only off about 4-6% or so, its not even garden variety correction from that perspective…..certainly there have been outsized moves in individual names but most of those are also up several hundred percent still on a multi year time frame
Our Donkey Party Journalists never got around to mentioning 228,000 jobs were created in the USA in March 2025.
Experts projected 150,000.
CNN 😒
How is that possible?
Doge and Executive orders slashed many sit around and do nothing jobs in the Administrative State.
Government Unemployment statistics no longer reflect reality on the ground. They have been manipulated to avoid capturing the real aggregate unemployment but only report certain categories. Consequently we can get anomalies such as this. It’s all disingenuous and misleading. Deliberately.
CNNese math