Saturday, August 31, 2019

IMF and Trump

Submitted by: Chuck Baumann

(A GOOD READ!!!!) Not too Long 
IMF (International Monetary Fund) and Trump 
The IMF is warning that “global economies” will contract by $455 billion next year due to the ongoing trade conflict between the U.S., China, the EU and to a lesser extent, Japan.
 
President Trump will cost the “Global Economy” $455 billion….  because that money will be transferring back to the America First economy. That’s what happens as MAGAnomics reverses the IMF trade (wealth distribution) model.

China and the EU have devalued their currency in an effort to block the impacts from President Trump and the ‘America First’ trade policy.  Because those currencies are pegged against the dollar, the resulting effect is a rising dollar value.  In essence, the globalist IMF is now blaming President Trump for having a strong economy that forces international competition to devalue their currency.
In the bigger picture is why President Trump is the most transformative economic President in the last 75 years. 
 
The post-WWII Marshall Plan was set up to allow Europe and Asia to place tariffs on exported American industrial products.  
Those tariffs were used bthe EU and Japan to rebuild their infrastructure after a devastating war.  However, there was never a built in mechanism to end the tariffs…. until President Trump came along and said: “it’s over”!

After about 20 years (+/-), say 1965, the EU and Japan received enough money to rebuild their countries infrastructure, as well as their economies without all the money the Marshall Plan dumped into those economies by the United States.  However, instead of ending the one-way payment system, with the help of anti-American insiders, Asia and the EU sought to keep going and build their economies larger than the U.S. economy.  Additionally, the U.S. was carrying the cost of protecting the EU (via NATO) and Japan with our military.   The EU and Japan didn’t need to spend a dime on defense because America essentially took over that role.   But that military role, just like the tariffs, never ended.  Again, until Trump.

The U.S. economy was the host for around 70 years of parasitic wealth exfiltration, or as most would say “redistribution”.  The term *exfiltration* better highlights that American citizens not only paid higher prices for goods produced abroad, they also paid higher taxes (within the overall economic scheme) than was needed.

President Trump is the first and only president who said: “enough!”  Obviously, he is 100% correct.

For the past 55+ years the U.S. was a sucker to continue allowing the process remain in place while we lost our manufacturing base to overseas incentives.  The investment from Wall Street (removal of Glass-Stegal) only made the process much more severe, and swifter.  Wall Street was investing in companies whose higher profit return was to pour money overseas.  This process created the “Rust Belt”, and damn near destroyed the aggregate American manufacturing industry.

Unfortunately, putting ‘America First’ is now also against the interests of the multinationals on Wall Street; so President Trump has to fight adverse economic opponents on multiple fronts…. and their purchased mercenary army we know as DC politicians.

No-one, ever, could take on all these interests.  Think about it…  the EU, Asia, the World Bank, the International Monetary Fund, China, Russia, U.S. Chamber of Commerce, Iran, U.S. Congress, Democrats, U.S. Senate, Wall Street, the Big Club, Lobbyists, Hollywood, Corporate Media (foreign and domestic), and the ankle-biters called Never Trumpers. All of these financial interests are aligned against both Main Street USA, and against President Trump.

Name one individual who could take them on simultaneously and still be winning, and not just winning, but winning hugely!

President Trump is one man.  These entities claim that they have him outnumbered.  Yet somehow, as unreal as it seems, he’s the one who appears to have them surrounded.
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