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Guest Post: "Trump Terror" - The Donald & The Dollar
[ZH: While we remain indifferent to the farce in Washington, we believe it is important to see both sides of the propagandized 'fight'... so below appears to be the best summary of how the mainstream protectorate would prefer we see the world under Trump.]
Authored by The Spotlight Group's Stephen Pop, originaly posted at TradingFloor.com,
The frontrunner in the race for the Republican Party presidential nomination is the businessman Donald Trump. Sadly, his rather vulgar comments with regard to Fox News host Megyn Kelly have dominated the headlines when it might be more useful to start focusing on his potential economic policy.
When they are placed under the spotlight of scrutiny, they lack any evidence that the businessman, who claims to have mastered The Art of the Deal [Random House Publishing © 1987 by D. Trump], actually understands even the elements of economics, let alone international trade.
Creating a buzz...Donald Trump's incendiary comments have dominated
headlines rather than his proposed economic policies. Photo: iStock
headlines rather than his proposed economic policies. Photo: iStock
It is not enough to issue proclamations such as “it is time to get tough” or “It is time to make America great again”. These are the buzz words of a man that is reaching out to tap the rich vein of popular appeal.
Perhaps that is what all politicians strive to do, especially when the field of candidates is rather crowded. However, what is clear is that a well-crafted economic strategy is not present, nor are staffers that would have the temerity to disagree with Mr T.
Last week, when the People’s Bank of China moved to devalue the yuan, Trump was quick to appear on national television accusing the Chinese of having no respect for President Barack Obama. He claimed the No.2 economy had been treating the US like fools by using sweat shop and cheap labour and that it had used currency manipulation along with trade barriers and tariffs to restrict US exports to China while promoting Chinese trade into the US.
The Chinese are certainly protectionists, but a shift in the comparative advantage of manufacturing jobs was inevitable, so why not attack India?
Certainly the US had enjoyed its fair share of improvements in its level of absolute and comparative advantage as well as swings in the terms of trade. Manufacturing jobs in the US have actually been relatively steady in the level of payroll expansion since 1992 when Chinese GDP began to expand.
Source: Bureau of Labor Statistics, National Bureau of Statistics of China
Trump on trade
Trump claims that it is all down to China that the US lost five million manufacturing jobs since 2000. That is too simplistic as it ignores the greatest US corporate trait – the ability to embrace creative destruction and reinvent its operating procedures.
The Trump message is playing to the basest of human instincts, which is to mistrust anything or anyone that is different. That political plot is unhelpful. America is better than such a message, which is designed to rouse the Tea Party fringe.
The most frightening situation is that he seems to believe that a great solution is the introduction of tariffs, as his policy programme is to look for levies of 25% on imports from China and 35% on Ford vehicles assembled in Mexico. That ignores the rules of the North American Free Trade Agreement and will do nothing to boost US exports. It will erode consumer welfare by raising prices for Americans and unleash tactical retaliatory moves.
Donald on the dollar
Another pillar in his economic architecture is a weaker USD to stem imports by naturally raising their prices and so stem imports by making them more expensive and increase the competitiveness of American exports. This does not allow for any consideration of the import and export elasticities or the great marginal propensity to import that has been in the US DNA since the 1960s.
If he were president the dollar might fall because of “Trump Terror” i.e. out of fright. The value is determined by the balance of demand and supply and that is driven by the interest policy of the Federal Reserve, an institution that Trump has been all too quick to attack. He opposed quantitative easing and yet we never hear about his alternative vision.
He is vocal on the issue of low interest rates in that they will unleash a disaster as new asset bubbles are created and ultimately burst amid a backdrop of high inflation. To date, that view has been proven wrong. Low interest rates have helped the US economic recovery and inflation is minimal and commodities and energy prices are falling.
The inflation rate in the US was recorded at 0.10% in June 2015 and averaged 3.32% from 1914 until 2015, reaching a record high of 23.70% in June 1920 and a record low of minus 15.80% in June 1921. These extremes have nothing to do with quantitative easing.
Forget Trump Tower ... if Donald Trump becomes president, the dollar
might fall because of 'Trump Terror'. Photo: iStock
might fall because of 'Trump Terror'. Photo: iStock
Muddled message
It is staggering that such a successful businessman can be so wrong on so many economic issues. He opposes any boost to the minimum wage and so ignores the multiplier effect of wages feeding consumer expenditure that in turns boosts corporate top and bottom lines.
He wants to cut all corporate taxes … keep them low by all means, but everyone and everything has to pay a share. Profits are made by using the infrastructure within society.
He clearly has a thing about Mexico. In addition to applying tariffs on Mexican imports he wants to build a great wall and deport 11.5 million illegals. I can agree with the latter point where individuals either claim benefits or work illegally. Why not legalise them? The Hispanic population in the US are the group that has the highest propensity to consume…so make them good and consuming citizens. As for the Trump Wall, the cost of construction, maintenance and policing is seen at $400 billion over 20 years.
Bad arithmetic
The plans do not add up or balance. He claims he wants to oversee an infrastructure programme, bolster defence and veterans' affairs, cut taxes and protect social security from any cuts and yet he says he is a fiscal conservative, a financial hawk.
It may sound fine in the early hustings. However, such a plane will not fly as reality teaches us that one cannot be on both sides of the street. The presidential race could do with a business thinker that is not enmeshed in the DC elite and cosy circle.
What was the name again…"Trump”. Oh…I thought it was “Chump”. Maybe Carly Fiorina would be a better business brain to warm up the political party.
* * *
[ZH: In summary - Everyting is awesome, Trump will destroy us all, Carly for President]
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Of course he doesn't know or understand economics, but then again, neither does anybody else in DC.......
Donald Trump is like a Glitch in the Matrix. The illusion is dissolving and TPTB are assuming battle positions.
Like I said the other day. A glitch in the matrix is where they, meaning the ones who run it, make a change.
It doesn't mean anything about fixing shit.
Might wanna find a new analogy, as your current one actually supports my view of Trump more than yours.
pods
God bless Donald Trump and keep the Clinton's safe from harm.
Sorry for the double post...but seems I beat publicus on this Trump article.
The dollar under The Donald would be stronger not weaker. Is he better than the rest? Maybe not, I do not know. What I do know is he isn't a Bush or a Clinton or any of the other fucktards.
I was entertaining some of the notions but the author lost me at
“Low interest rates have helped the US economic recovery and inflation is minimal and commodities and energy prices are falling.”
I stopped reading.
You should have kept going..., as he had quite a few of those "lost me" points.
This diatribe is the worst piece of jargonistic straw-man claptrap I've seen in a while. No facts, not a single valid point to criticize trump on. How does one find these witless editorial bloggers?
He opposes any boost to the minimum wage and so ignores the multiplier effect of wages feeding consumer expenditure that in turns boosts corporate top and bottom lines.
Trump is a clown but so are Keynesians.
Every one of them is a Keynesian to some degree or another. My favorite part about trump, and every other candidates talking points on economics is how under their leadership, we will return to 4% growth. Haha no fucking way that is happening. Even their massively manipulated bullshit we see now can't even hit 3.
Anytime someone tells you they know how to get 4% growth when we are already leveraged to the hilt and in debt up to our eyeballs is either insanely stupid or knowingly lying. I don't want either of those in the White House.
DC doesn't have anything to do with determining growth
DC may determine whether or not conditions conducive to growth exist or not.
They could start with a return to rule of law and de-regulation and de-taxation-and in about 6-10 years you'd start to see real 4-6% growth-depending upon DC 's commitment to detaxation, deregulation and rule of law.
Absent a bunch from the states physically heading into DC and personally and physically making it happen-not too optimistic here
the author is a tool for the MAN
Street corners wll be full of them soon. No money maker there.
Apple sellers, the 'keeps the doctor away ' kind.
To this article's credit, there was no mention of The Donald's downgrade of Seal's slut-dog Heidi.
"Trump Terror" = what every member of the political establishment feels when they see Trump's numbers.
I'm a little burned out on politics lately.
Creatine
https://en.wikipedia.org/wiki/Creatine
I stopped reading as soon as I read this...
How many angels can dance on the head of a pin, again?
IMO any article on the national election diversion circus is a waste of time.
It does nothing but continue the meme that the paid off D.C. whores really give a damn about the rest of the nation. Their job is to provide p.r. to keep the sheeple calm as they are sheered and slaughtered.
There are no 'answers' to be had outta D.C. - but people are dumb enough to keep looking there.
If you really wanted to get TPTB worried, 90% of people would refuse to pay any attention at all to their (machine counted with no way to audit) national 'elections'.
He supports the Clinton's and is very close with both of them. Maybe it's all a conspiracy to get the Clinton's in/near the White House again. I mean he is polling double digits behind the democrats. Rand, on the other hand beats Clinton in multiple states won by Obama.
I have not heard anywhere that Trump wants to end the Fed. You cannot be pro fed and for a strong dollar. The fed has been very successful of destroying the dollar. It has lost over 96% of its value since the federal reserve act in 1913.
That's alot of -1's for the best comment on the page especially the end the Fed part. Based on the flak you're taking, I'd say you are over the target.
It's a small (third tier) group and you ain't in it.
He supports Clinton's what???
Right. Strong dollar=weak earnings for US multi-nationals. Therefore, Trump must go! Anything less than a full blown counterfeiter is Kryptonite to TPTB.
The Lame Stream Media really are in a purple panic about this, and above all, their inability to strangle free speech, as they have in the past.
For the benefit of the youngin's and the non-Americans, Trump is stronger than the polls show. His two closest rivals, Carly and Carson, are really just "place holders", running for VP and/or favored by those who are so far undecided. Neither has any natural base in the party, or serious chance of competing past the earliest primaries. This could be over early.
I know the two parties both suck, but if Trump wins the Republican nomination, then the Democrats are garunteed to win the white house. Trump is viewed as unfavorable by nearly 60% of the voters. It will only get worse as he alienates more groups. He is polling double digits behind Hillary. He won't get the independent/libertarian voters that are sick of wars. He won't get the voters that want their guns. He won't get the voters that are Hispanic. That are women. He won't get the voters that don't want to be spied on. He won't get the voters that like transparency. He won't get the voters that believe snowden is not a traitor. He won't get the prolife voters. Trump supporters are right, people don't like him. But its actual people that dislike Trump, not the media that gives him 24/7 coverage.
He's a gift to the sheep, from the Clintons.
Nothing more...
hillary vs. the donald? could it get any better?
i can actually stand listening to the donald in the same manner i could listen to Reagan. i can't stand the shrillness of Hillary's voice or its coldness.
i don't believe anything the msm states about polling or news or anything for that matter. they have an agenda and they want jeb vs. hillary.
boring. meaningless. hopeless candidates with constant lutzing focus groups to determine meaningless, gutless, aimless strategies designed to placate rather than resolve.
give me some popcorn and beer so I can enjoy it while it lasts.
Hillary's cankles gave out in Libya.
God bless Donald Trump and keep the Clinton's safe from harm.
Trump In The Morning... Trump In The Evening... Trump In Summertime... The MSM Wants Trump Talk 24/7 All The Time... Until POP Goes The Trump... Just Like Pop Went The eBola News... GONE... That Was 24/7 too... and the eBola coverage like Trump is a DIVERSION... DIVERSION... DIVERSION... and when Trump's game Goes Poof... Pop... No More...
Then the Electorate will see who and only who is standing their to be elected... you will have Jeb Clinton and Hillary Bush... They will be the NON nominees... That is your choice America... Jebby or Hillsy... as in you have... a NON-Choice !!
I am NOT saying Trump is planning this... he is being pawned too... No it is our Owners who are planning this.
Hope and Change is coming to you again... right now... In the form of a Golden Toupee...
To hide that Non Choice... WE, the owners of the MSM, will distract you will billionaire bluster, golden toupees and balsy talk... We will give kids hellicopter rides and Verizon will lower its data costs... We will be offering you a NEW Hope and Change... and you will love the ride... We will make it look like Hillary is on the ropes with her eMail scandal and Jeb... well... he will look just boring... but when the smoke clears and the Trump has been removed from the game...suddenly.. it will be...
Jeb Clinton as the ReThug Nominee and Hillary Bush as The DemonCrat Nominee and the Electorate, US, will be sucking wind... wait for it...gang... because...
It is coming...
Edgey...
I think I saw 1 full sentence there, and half a higher cognitive thought.
You need to actually provide higher cognitive arguments and facts to back up your prose... which you do not... so your rhetoric is emotional bias... and my run on dots are style not grammar errors... and finally you should be ashamed for cheating on Maria... :o)
Sure it's not Arnold from "Green Acres" or Arnold Palmer? Check yer premises.
Dear Stycho...
Au Contraire... Moan Hamiee...
You need to work on thinking through all speculative scenarios to their logical and EVEN possible absurb conclusions before posting...
Neither I nor the cognitively impaired commenter above 'Arnold' ever identified himself as Schwarzenegger... and i ALSO did not identify my posted Maria as Maria Shriver... so with these facts in mind... it is possible that in my post i COULD have been writing about Arnold from 'Green Acres' or Arnold Palmer (or any Arnold in the world for that matter) who had cheated on a women named Maria... because WE, you and I Dear Stycho, also do not know that your Arnolds, or ANY Arnolds for that matter, did not ALSO cheat on a woman named Maria too... capice ?
It is your wild crazy leap to a non substantiated conclusion that I was referring to an exact male (AS) and an exact female (MS) combination in my post... when actually i puposely did not do so... consider in the future... before you post... to please think things thru... and...
Check Yer Premises... :o)
he doesn't know or understand economics, but then again, neither does anybody else in DC.......
yeah well.... just look how WONDERFUL eko-no-mists have fared in dealing with managing the respective societies around the world.... these pseudo-scientists ARE the problem, therefore, anything else ought to be given a try... and maybe, just maybe trump could do some good...
i cannot imagine him doing any worse than these voodoo priests who are mere lackeys to the toads aka politicians (better word is CRIMINALS)
Understand economics?
How about ending the Fed? Rand is the only one who wants to audit (and end) the fed.
Our government borrows money, which the fed creates from thin air. Then we are stuck paying interest on that borrowed money, which was simply created on an account that had a zero balance, for generations and generations.
Ending the fed is the really the root solution to 99% of the problems.
Agreed. It is like arguing where to put the furniture when there is no roof on the house.
+100
Donald Trump should support Jesse Ventura fight against the media.
The media wants to lie without liability.
Yellow journalism that serves the highest bidder.
I thought that was communist.
What does Tyler say?
Less Jeb is good for Jeb.
I'll only vote for Hitlery if she chooses Eric "Fast & Furious" Holder as her running mate.
Be careful what you ask for...
Ventura is really a nut job, doncha think?
He seems dementia -ish lately.
" However, what is clear is that a well-crafted economic strategy is not present, nor are staffers that would have the temerity to disagree with Mr T."
Oh please beoatch...name me one candidate in any POTUS beauty pagent that has??
Nobody is going to solve this one, no matter how many welfare moms they toss off welfare, or wetbacks they send home.
This is about math, and nobody I have seen has talked about the math of it.
I bet you all these politicians are talking about how to get back to "growth" too.
There is a reason why.
pods
Math is hard, but my economic platform rests on the fundamental principle that continuously adding numbers together makes them grow larger.
Nigel 2016!!!
Eleventy!
We've had 'Well crafted economic policys' for a long time, where has that gotten us? We are ever closer to the cliff as the herd thunders on! Lets have someone who doesn't spout jargon they've learned in University, but who uses what he has learned in life!
We choose these people on their entertainment value, Obama was a great entertainer wasn't he? Now we need a new face to entertain us and make us forget our cares, at least, for a while! Join the gang, support 'The Donald' it'll make you feel good inside!
Well crafted?
Sparkey, for an old timer your standards are pretty abysmal.
Self serving.
Same amount of syllables, same ring.
You have me there Arnold, well crafted I am not; There is a man at the coffee shop where I take my coffee most mornings, let,s call him Tom, Tom lectures anyone who will listen about his ideas to 'turn the country around, make us all prosperous', his ideas seem good to me! Bill, the coffee shop owner told Tom last week, that if he didn't stop bothering people he would have to go, Tom is such a genius I don't think he can keep his wisdom to himself, perhaps he, could carefuly craft a Plan for 'The Donald', his plan might not be perfect, none of them ever are,. What,s the harm in trying something new? It can be a lot of fun!
The only way Trump becomes president is if the GOP select his VP and plan his motorcade routes.
I expect his VP to be a CIA plant like Bush Sr. was to Reagan. CIA runs the US Since Bush Sr was pres. Deep State.
"CIA runs the US Since Bush Sr was pres. Deep State."
Since JFK!
From;
http://mcadams.posc.mu.edu/ike.htm
In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military-industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.
We must never let the weight of this combination endanger our liberties or democratic processes. We should take nothing for granted. Only an alert and knowledgeable citizenry can compel the proper meshing of the huge industrial and military machinery of defense with our peaceful methods and goals, so that security and liberty may prosper together.
President Eisenhower 1/17/1961
It goes back even further than that. Lincoln, Wilson, FDR, etc...all did a tremendous amount of damage to the country in general and especially the Constitution itself.
That said, comparing Donald Trump to Thomas Jefferson now is like comparing Shakespeare to the Three Stooges.
Which one is Trump?
Umm, Larry, only without frizzy hair?
What a dumbass article.
Pro-Jeb propaganda.
Jeb is clean as yellow snow, according to Tyler Durden.
If anything its Pro Rand since he is the only one that has talked sense about trade and economics.
The problem with Rand is that he would hire other people to negotiate deals.
Trump would be directly involved in the negotiating process.
We need some chaos
The elections are a farce anyway, I would love to see Trump bust up the china shop.
Stick it to the man
Hey Ty, why is this article not accessible anymore?
Behind The Scenes Of The Donald Trump - Roger Stone ... https://zerohedge.whotrades.com/blog/43827208990I'm thinking it might be because it made Patrick Buchanan look bad. Buchanan has an occasional guest post on this site, and his posts probably do pretty well for ZH. So, money, which is fine I suppose. This isn't my website, so they can do as they please.
That and Roger Stone is a whore.
No matter what happens you get either a billionaire or a billionaire's proxy in 2016, same as it ever was.
Not sure about it's the same this time. Trump is wealthy, but may not be controlled by the Oligarchs. In the future if you start seeing him embrace globalist policies, like unlimited immigration, massive debt, or unrestricted trade. then he is.
Still with him there's a chance he isn't, whereas if we vote in Jeb, Carly, Hillary or the like, we know 100% they are controlled and we get more globalism.
Even if Trump is controlled, he'll be more entertaining than anybody else, so really voting for him is unquestionably the best choice.
You've been here over 5 years. Have you learned anything about US politics in that time? Most politicians are uselful idiots and nothing else.
It's hard to believe people here are this naive on Trump. Even drilling down a half inch you'll see the man has no answers at all, and especially on US foreign policy where his views resemble those of Neocons John McCain and Lindsey Graham.
FFS. This place is turning into a madhouse.
Of course he dosn't have any ideas about those things, it isn't his job to know about things, his job is to get elected, the 'Advisors' have answers for any question, if he wants to know something an Advisor will write it on a slip of paper and give it to him, if an 'Advisor' wants him to make a speech they will put it on the teleprompter, it is the way things have been done for a long time!
He's controlled. He accepted the phony 'digital' birth certificate w/o a fight.
http://www.youtube.com/watch?v=aszpJ1Iuroo
http://mrconservative.com/2013/07/21971-10-facts-that-suggest-obamas-bir...
Yea you're probably right. I would have preferred Ron Paul. Still I say a Trump presidentcy would be more entertaining than the others.
Really hope that after the the collapse/WWIII, some form of government with the Bill Of Right at it's center emerges.
I guarantee a sandwich, you will not be here to see it, cannon fodder.
[ZH: While we remain indifferent to the farce in Washington, we believe it is important to see both sides of the propagandized 'fight'... so below appears to be the best summary of how the mainstream protectorate would prefer we see the world under Trump.]
Amen. I think I've voted in my last election and I've never been that big of a Trump fan but it's fun to see him ruffle feathers by bellowing sacrilege on so many issues that a majority of Americans are likely afraid to voice themselves.
It is staggering that such a successful businessman can be so wrong on so many economic issues. He opposes any boost to the minimum wage and so ignores the multiplier effect of wages feeding consumer expenditure that in turns boosts corporate top and bottom lines.
-Less staggering that a political hack could be so wrong on such a fundamental economic issue.
doing nbad drugs? If the minimum wage is so effective why notmake ot $100/hr?
Umm ya about that Nuke deal
Iran Threatened ‘Harm’ to Top Nuke Inspector to Prevent Disclosure of Secret Deal
http://freebeacon.com/national-security/iran-threatened-harm-to-top-nuke...
Good! ZH has settled my mind; I'm voting for Trump!
If he gets close and does not get RFKed then he's another Cabal whore.
If he's not Cabal and he gets real close he'll get RFKed.
Thanks for waking up your monitors on a beautiful afternoon asshat.
when hilarity meet Hillary we are in wizard of Oz land.
sorry Tyler, can't vote for any of the bought controlled pc gopuke oligarchs? Go Trump!
Probably written by a Democrat.
It is true Trump does not seem to have a clue about the monetary system nor the way the world economy works BUT...he tapped into the immigration issue which is high on voter's minds and which no other candidate dared touch....for this he is popular.
At this point I agree with Hillary!...what difference does it make. The government is so screwed up that unless it is turned arround completely we could elect anyone and the results would be the same...more of the same.
Trump will probably win simply becaause he is the only one who dares to speak the truth on even one issue. The dollar, the American economy, the reserve status of the dollar and the entire world economy based on it are all doomed. The Donald nor anyone else can change that. Maybe getting that one thing right will lead to other issues being corrected. At this point I don't care. I'm just trying to get a pillow over my head for when the jet we are on crashes. It might help.
So will the next election determin who the last president of the USA is. Like how Putin has been running Russia since..... The collapse happens and we now have a king (president with no end) since the emergency requires it for our safety.
Trump is another statist.
"which is designed to rouse the Tea Party fringe".
What a pant load!
Oh, it's the Tea Party... the real nut-jobs right?
This dickhead thinks he is clever, he is not.
No one ever talks about Rousing the Free shit army with things like free cell phones or promises of more "benefits".
Thanks for posting this ZH, good to see the mainstream perspective every once in a while. Clearly, we're all gonna die if Trump gets elected. So will puppies. Think of the puppies!
This article is a huge steaming pile of bovine defecation.
Does that mean bullshit?
I concur wholeheartedly, sir. It's a bovine defecation sandwich!
TRUMP 2016! F*** the blue-blood know-it-alls. They're the assholes that got us into this mess.
He really straightened out his do. Looks good in the picture. Think I'll vote for him twice. Truth is, there is nobody that can fix it now. We waited way too long.
i think he has a business plan, remember when bob novak the journalist who got caught up in the valerie plame outing, he told bush, ignore the liberal stock pickers, come up with a plan for business.that was good advice and bush did not listen, nor obama, the real question for trump is what do you think of those fat cats on wall street.
This is clearly not a serious article
"The inflation rate in the US was recorded at 0.10% in June 2015 and averaged 3.32% from 1914 until 2015, reaching a record high of 23.70% in June 1920 and a record low of minus 15.80% in June 1921. These extremes have nothing to do with quantitative easing."
Right.....Nope, no inflation to be seen anywhere..
Total Garbage.
That little strawman caught my eye, too.
Yes, this guy is a partisan Trader, immature, has no family that lives off fixed income or requires safe investments... plus I think he would be happy with inflation and believes everyone should work to keep up with inflation.
"If he were president the dollar might fall because of “Trump Terror” i.e. out of fright. The value is determined by the balance of demand and supply and that is driven by the interest policy of the Federal Reserve, an institution that Trump has been all too quick to attack. He opposed quantitative easing and yet we never hear about his alternative vision."
- THE USD is the world Reserve Currency, and as Martin Armstrong says there is no other place in the world big enough to park money other than US Bond Markets.
- Plaza Accord is historical planned effort to devalue the US Dollar
- The FED, are you kidding?? They have had 6 years of LIRP/ZIRP to cause malinvestment and bubbles. Clearly the FED is in collusion with others or is incompetent to fix it's own system or re-embrace it's own rules and guidance. But since Banks are commingling funds with deposits, we are pretty sure collusion, racketeering, treason, and sedition are the causes
The fact that Donald Trump leads the Billionaires' Club in the category of "most bankruptcies" (as well as "loudest blowhard" and "worst hair-piece") is not a reason to elect him president -- unless you think like Simon Black.
...there’s one thing that really sets him apart, that, in my opinion, makes him the most qualified person for the job:
Donald Trump is an expert at declaring bankruptcy.
When the going gets tough, Trump stiffs his creditors. He’s done it four times!
Exactly what the US needs right now.
Who got stiffed on Trump's tab with those four deals?
"The most frightening situation is that he seems to believe that a great solution is the introduction of tariffs, as his policy programme is to look for levies of 25% on imports from China and 35% on Ford vehicles assembled in Mexico. That ignores the rules of the North American Free Trade Agreement and will do nothing to boost US exports. It will erode consumer welfare by raising prices for Americans and unleash tactical retaliatory moves."
- Such a statement in this article about Donald Trump, ignores the previous statement about Creative Destruction
- Tariffs might lead to construction of manufacturing in the USA, and with new technology might produce as cheaply or at lower cost
- Imagine Chinese Robot Manufacturing in the USA
- Imagine Tesla's $400 Million in Subsidies actually gets help and starts to become profitable and at current market prices for light, small cars
- Imagine kids learning how to run businesses and manufacture products in the USA, through K-12 Education and Apprenticeships
If we're truly interested in combating climate change then as shipping is a major contributor to climate change then it must be held accountable and probably curtailed. I don't think the externalities of trade have been accounted for.
That is truly fucking stupid.
The disappointment in this article was huuuuge.
You should learn to stop reading them sooner.
"It is staggering that such a successful businessman can be so wrong on so many economic issues. He opposes any boost to the minimum wage and so ignores the multiplier effect of wages feeding consumer expenditure that in turns boosts corporate top and bottom lines."
I'm not a Donald trump fan, but, this is a terribly leveled criticism and really only emphasizes the economic ignorance of the writer.
PS: I'm really trying to fucking be polite here today.
I love Trump because he told Fuckerface of facebook to stop hiring slave labor.
Hire STEM graduates who are US citizens.
There is nothing American about facebook.
Terminate your f accout.
You're fired!
but, but, I enjoy the dnc & nsa up my ass
But, but, it's the nsa that invented facebook, not fuckerface.
Fuckerface is a bastard child.
I like um cause he can be played like a fiddle.
<<record high of 23.70% in June 1920 and a record low of minus 15.80% in June 1921. These extremes have nothing to do with quantitative easing.>>
That reminds me that I could stand to drop a deuce, so it was not completely useless.
If donald promised to do nothing but repeal laws, he would win in a 90% landslide.
No way. You're seriously underestimating the sheeple's attachment to the shepherd.
Besides, Ron Paul did just that, and it got him absolutely nowhere.
The article states:
It is not enough to issue proclamations such as “it is time to get tough” or “It is time to make America great again”. These are the buzz words of a man that is reaching out to tap the rich vein of popular appeal.
Maybe, but the buzz words "Hope and Change" which have turned out to mean absolutely nothing, worked for Obozo - twice.
Look , the guy successfully markets to his investors, and makes a return.
The crew has to shift gears and market to we, the cynical asshats for a while.
You will be successful or you are fired.
Probably less stress and more knowledge there , than say a middle Amazon manager.
America cant survive another President owned by the corporations. Who cares what he says as long as it isnt too extreme. We have a probably Kenyan, impeachable, likely gay possibly Muslim President in the White House.
Comparatively speaking Trump is a saint. Don't take my word for it, the votes on this article is rating 1.9. Very low for ZH.
ZHers aren't dumb, they know bought politicians have caused most of our current problems.
Like all politicians, Trump is a demagogue who distracts the masses on behalf of the bankers.
It matters not which politician is elected or selected. It matters not which political party holds power. The system will not change, for the rich control the system.
It is not your system, nor is it my system. So, neither you nor I will reap its rewards.
All power structures must be decentralized in order for there to be progress. That means no more banks and no more monopolies. And, finally, government must become an open-source structure with no secrets.
Total BS.
The country must get tough on every aspect of the economy - means test all that receive benefits including retirement benefits. Cut government to the absolute core. Close the borders until immigration and trade problems are solved.
Sure these are crazy tough measures but without them the country is sunk - your choice.
Do away with things like the $40 Billion IT budet for DoD and the $4 billion IT budget for VA when all they rally accomplish is to make a bunch of unprincpled fucktards rich.
Well, Obama has had nearly 8 years to come up with economic plans and but everything he touches foreign and domestic turns to dirt. Time for Trump.
Dear Stephan: You've conveniently left out the fact that all the other candidates are idiots, beholden to banksters, who will never ever do anything to recreate America under the Constitution. They're all skum.
No matter who we vote for, nothing matters. There will be one-world-govt whether we like it or not, according to D. Rockefeller. Therefore, if the one tiny little step we can maybe do it to build a fucking wall on the southern border and kick out every illegal by cutting of all benefits, rounding them up, and generally making their lives a living hell, why not?
Is that to much to ask for?
"Low Interest rates have helped the economy"?
If low Interest rates have helped te World why is it that the BIS says different?
"He opposes any boost to the minimum wage and so ignores the multiplier effect of wages feeding consumer expenditure that in turns boosts corporate top and bottom lines."
Seattle raised their minimum wage and it was reported that around 1,000 restaurant jobs have been eliminated. Raising prices will cut consumer expeditures on restaurants.
For each action, there is an equal and opposite reaction. Nothing occurs in a vacuum.
Trump wants to get people higher incomes, by way of stopping uncontrolled immigration, which is driving wages DOWN. A forced higher minimum wage will just cause more automation, as an equal and opposite reaction. Automation will not create a multiplier effect of wages.
Donald Trump reminds me of people who have never had any children - but shout vehemently at parents of unruly children 'Hey asshole! Ya know you really should do something about that damn kid!"
I don't want anyone to make America great. I'll donate to the first candidate whose slogan is "We'll Leave You Alone!"
Watch the ZioNazi kike roaches that run the USA take care of Trump (and not in a nice way).