The Real Reason Trump Lost It With Trudeau?

Authored by Patrick Buchanan via Buchanan.org,

At the G-7 summit in Canada, President Donald Trump described America as “the piggy bank that everybody is robbing.”

After he left Quebec, his director of Trade and Industrial Policy, Peter Navarro, added a few parting words for Prime Minister Justin Trudeau:

“There’s a special place in hell for any foreign leader that engages in bad faith diplomacy with President Donald J. Trump and then tries to stab him in the back on the way out the door. … And that’s … what weak, dishonest Justin Trudeau did. And that comes right from Air Force One.”

In Singapore, Trump tweeted more about that piggy bank.

“Why should I, as President of the United States, allow countries to continue to make Massive Trade Surpluses, as they have for decades … (while) the U.S. pays close to the entire cost of NATO-protecting many of these same countries that rip us off on Trade?”

To understand what drives Trump, and explains his exasperation and anger, these remarks are a good place to begin.

Our elites see America as an “indispensable nation,” the premier world power whose ordained duty it is to defend democracy, stand up to dictators and aggressors, and uphold a liberal world order.

They see U.S. wealth and power as splendid tools that fate has given them to shape the future of the planet.

Trump sees America as a nation being milked by allies who free ride on our defense effort, as they engage in trade practices that prosper their own peoples at America’s expense.

Where our elites live to play masters of the universe, Trump sees a world laughing behind America’s back, while allies exploit our magnanimity and idealism for their own national ends.

The numbers are impossible to refute and hard to explain.

Last year, the EU had a $151 billion trade surplus with the U.S. China ran a $376 billion trade surplus with the U.S., the largest in history. The world sold us $796 billion more in goods than we sold to the world.

A nation that spends more than it takes in from taxes, and consumes more of the world’s goods than it produces itself for export, year in and year out, is a nation on the way down.

We are emulating our British cousins of the 19th century.

Trump understands that this situation is not sustainable. His strength is that the people are still with him on putting America first.

Yet he faces some serious obstacles.

What is his strategy for turning a $796 billion trade deficit into a surplus? Is he prepared to impose the tariffs and import restrictions that would be required to turn America from the greatest trade-deficit nation in history to a trade-surplus nation, as we were up until the mid-1970s?

Americans are indeed carrying the lion’s share of the load of the defense of the West, and of fighting the terrorists and radical Islamists of the Middle East, and of protecting South Korea and Japan.

But if our NATO and Asian allies refuse to make the increases in defense he demands, is Trump really willing to cancel our treaty commitments, walk away from our war guarantees, and let these nations face Russia and China on their own? Could he cut that umbilical cord?

Ike’s Secretary of State John Foster Dulles spoke of conducting an “agonizing reappraisal” of U.S. commitments to defend NATO allies, if they did not contribute more money and troops.

Dulles died in 1959, and that reappraisal, threatened 60 years ago, never happened. Indeed, when the Cold War ended, out NATO allies cut defense spending again. Yet we are still subsidizing NATO in Europe and have taken on new allies since the Soviet Empire fell.

If Europe refuses to invest the money in defense Trump demands, or accept the tariffs America needs to reduce and erase its trade deficits, what does he do? Is he prepared to shut U.S. bases and pull U.S. troops out of the Baltic republics, Poland and Germany, and let the Europeans face Vladimir Putin and Russia themselves?

This is not an academic question. For the crunch that was inevitable when Trump was elected seems at hand.

He promised to negotiate with Putin and improve relations with Russia. He promised to force our NATO allies to undertake more of their own defense. He pledged to get out and stay out of Mideast wars, and begin to slash the trade deficits that we have run with the world.

And that’s what America voted for.

Now, after 500 days, he faces formidable opposition to these defining goals of his campaign, even within his own party.

Putin remains a pariah on Capitol Hill. Our allies are rejecting the tariffs Trump has imposed and threatening retaliation. Free trade Republicans reject tariffs that might raise the cost of the items U.S. companies makes abroad and then ships back to the United States.

The decisive battles between Trumpian nationalism and globalism remain ahead of us. Trump’s critical tests have yet to come.

And our exasperated president senses this.

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Comments

strannick peddling-fiction Tue, 06/12/2018 - 13:05 Permalink

Americans are indeed carrying the lion’s share of the load of the defense of the West, and of fighting the terrorists and radical Islamists of the Middle East, and of protecting South Korea and Japan.

Hard to take Buchanan seriously when he writes dumb shit like this.

-defence of the west. = military expense of America greater than the next 10 countries combined..most of whom are western allies. Doesnt leave much to "defend" against.

-fighting ME terrorsts = massacring desert dwelling Yemenis for Saudi Shieks; thwarting anti petro$ Syrian Shiite pipeline by destroying Syria.

-protecting Japan and S. Korea = maintaining bogus rationale to project hegemonic US naval power 

The US ruins the world to rule it

In reply to by peddling-fiction

FBaggins Joe Davola Tue, 06/12/2018 - 14:42 Permalink

Trump: the US is  “the piggy bank that everybody is robbing.”

Cry me a river.  Everyone is robbing poor old Uncle Sam? Trump has guts? Or is he just another flake? If not, then why allow the privately-owned US Federal Reserve to continue robbing the US government and the US people for megalomaniac special interests?

The off-shore British owners of America said after the Revolutionary war of 1776 that  they would eventually take back control of the USA, and they did so within 100 years.

In reading the recent historical article by Rodney Howard-Browne & Paul L. Williams cited below, more people ought to wake up and realize that most of the present domestic & global financial and political problems should be blamed on the  Anglo Zionist establishment under Rothschild control.

 “To transform the vision into reality, Rhodes, who had earned a fortune from the diamond mines in Kimberley, South Africa, formed a secret society, which he called “the Society of the Elect.” The members of this society were Britain’s leading bankers, businessmen and political leaders. The group included Lord Reginald Baliol Brett, Queen Victoria’s closest adviser; Lord Archibald Primrose, the 5th earl of Roseberry and Rothschild’s son-in-law, who would serve as Britain’s prime minister from 1894 to 1895; and Arthur James Balfour, 1st earl of Balfour, who would become the British prime minister from 1902 to 1905. Another member was Lord Nathan Rothschild, who had established financial ties to such countries as Austria, Germany, Russia, Italy, France, Egypt, China, South Africa, China, India, New Zealand, Australia and the United States.

The first objective of the Society was the conquest of Africa with its vast natural resources. By carefully planning and media manipulation, the group instigated the Second Boer War by which the Orange Free State and the Transvaal became incorporated into the British Empire.

The second objective was the reunification of Britain and the United States. Rhodes sent William T. Stead, the prominent British journalist, and Lord Roseberry to America, where they conferred with such leading American industrialists as J.P. Morgan, Andrew Carnegie, and John D. Rockefeller. All three of these industrial giants were staunch Anglophiles with strong ties to the House of Rothschild

The result of these meetings was the creation of the Pilgrim Society in London under Alfred Milner, the administrator of the Rhodes Trust, and Lord Roseberry and the Pilgrim Society in New York under members of the Houses of Morgan, Rockefeller and Carnegie. The British and American pilgrims worked together in secret to forge a united empire.

At the direction of J.P. Morgan, a group of American pilgrims, including Nelson Aldrich, Paul Warburg, Frank Vanderlip and Charles D. Norton, went on an expedition to Jekyll Island off the coast of Georgia, where, in a hunting club owned by Morgan, they laid plans for the creation of the Federal Reserve System, a centralized American bank that could work in tandem with the Bank of England, which remained under the thumb of the Rothschilds.

When the Federal Reserve was established in 1913, the small group of rich and powerful pilgrims gained control of the U.S. economy. They could increase the money supply to produce prosperity or curtail the supply to create a recession.” (emphasis added)

Read more at http://www.wnd.com/2018/06/the-secret-societies-that-led-to-the-killing…

In reply to by Joe Davola

philipat Scar Bro Tue, 06/12/2018 - 22:04 Permalink

and let these nations face Russia and China on their own? Could he cut that umbilical cord?

Yawn. Neither China nor Russia represent any threat to Europe and a US withdrawal wouls free Europe to link itself to the new Eurasian growth story in the context of the intended peaceful multilateral world which everyone other than the US wishes for the children and grandchildren. The "Wolfowitz Doctrine" is arrogant madness.

In reply to by Scar Bro

HardAssets FBaggins Tue, 06/12/2018 - 17:42 Permalink

Outstanding book.

 

I'm still wondering where Trump is coming from. No major politician in recent memory has seriously threatened the fed reserve bankers cartel. Even Ron Paul tread relatively lightly regarding the subject. No U.S. president has even mentioned this massive fraud to the American people which is ultimately at the heart of all of America's economic problems and many of her domestic problems & overseas conflicts. Like his predecessors, Pres Trump hasn't brought the subject up to the American people. Instead, we get 'fire & fury ' tweets that always seem to hit wide of what should be the real target. How can you 'Make America Great Again' if the purchasing power of most of Americans earnings and savings have been stolen over the last century ?

In reply to by FBaggins

FBaggins pods Tue, 06/12/2018 - 15:01 Permalink

pods  says, "We run a trade deficit because it balances the reserve currency we export."

Yes, that is exactly what neocon, Charles Hugh Smith, said recently - like the US trade deficit is a good thing.  Other nations are compelled under the threat of their destruction to continue buying US dollars with their own or other currencies in order to trade in oil or gas. The demand maintains the value of the dollar and allows more to be created out of nothing. Smith also says that unless there is constant economic "growth" the global economic system will collapse, meaning that the sky will fall on everyone. Also, in order for the US dollar to retain its prominence just for trading oil or gas, it must control that sector and it no longer can afford to do so.  It is all ponzi and the rest of the world will likely go with the petro-yuan. 

"... it is becoming clear, at least to independent monetary observers, that in 2018 the dollar’s primacy will be challenged by the yuan as the pricing medium for energy and other key industrial commodities. After all, the dollar’s role as the legacy trade medium is no longer appropriate, given that China’s trade is now driving the global economy, not America’s.

At the very least, if the dollar’s future role diminishes, then there will be surplus dollars, which unless they are withdrawn from circulation entirely, will result in a lower dollar on the foreign exchanges. While it is possible for the Fed to contract the quantity of base money (indeed this is the implication of its desire to reduce its balance sheet anyway), it would also have to discourage and even reverse the expansion of bank credit, which would be judged by central bankers to be economic suicide. For that to occur, the U.S. Government itself would also have to move firmly and rapidly towards eliminating its budget deficit. But that is being deliberately increased by the Trump administration instead."

https://oilprice.com/Energy/Energy-General/Will-The-Dollar-Survive-The-…

In reply to by pods

CultiVader FBaggins Tue, 06/12/2018 - 17:45 Permalink

I don't think pods mentioned it as if it's a good thing. Your right about the excess dollars. They need to be soaked up. But slowly, very slowly. Fuck man, someone's got to get this ball rolling or we will vfall off the cliff. Give Trump credit for at least trying to take care of the trade deficit with pragmatic measures. The rest of the process will need help from all the entities we despise. It's not lookin too promising in that regard. But a balanced account is a logical step on our part.

In reply to by FBaggins

litemine FBaggins Wed, 06/13/2018 - 03:45 Permalink

Please consider adding,

  Once dollars are taken out of circulation and debts find that dollars hard to come by, defaults will cause such a loss of capital such as housing that again the banks will acquire more and more assets on the cheap.

It's happened in the past but will pale in comparison when the future credit crunch hits many in the face. 

 

In reply to by FBaggins

CultiVader pods Tue, 06/12/2018 - 17:38 Permalink

Yes, the Triffin dilemma. The world, however, is heading towards the inclusion of other reserve currencies too compete with the dollar. This is part of the solution to the TD. Be it the yuan, SDR or whatever, the world is heading for a reset in valuations and currency hegemony. Trump knows this. The balancing of the current account balance is a necessary part of the equation.
Those who believe in a reset of dollar hegemony can see in Trumps outward trade policies that he sees it coming too.

In reply to by pods

Conservative Cats CashMcCall Fri, 06/15/2018 - 00:13 Permalink

I know that the Rockport dress shoes I favor are no longer made in the US ... but the price continues to go up. i know that China, not a signatory to NAFTA, dumps metal in Mexico and Canada which is sold on to us as though made in those countries even though they lack the refining and smelting capacity to produce it.

You, by the way, sound like a pretentious prig.

In reply to by CashMcCall

el buitre skbull44 Tue, 06/12/2018 - 16:13 Permalink

Globalism and all its ills is only a single step above nationalism. The nation state is almost as much a threat to liberty and freedom...

i agree with you in principal.  But freedom only exists with decentralization.  We are at crunch time with the NWO takeover right now, and the best way to fight the satanistas is through supporting nationalism.  When we win that battle, then we could concentrate on a proper understanding of the Constitution, a weak federation of 50 sovereign states.  What I like about that model, is that it makes it easy to pick up your marbles and move.  You don't like abortion, then move to a non-abortion state.  You don't like the so-called war on drugs, then move to a state that doesn't have a war on drugs and arrests any DEA agents at the border and feeds them bread and water in the jail for a month.  You don't like ruinous state taxation by parasites, then get the hell out.

I had been warming up to Buchanan for a while, but this article indicates that he has a lot more neocon in him than I thought, and/or is really clueless.  He, for example, doesn't seem to understand that 9/11 was a Neocon/CIA/Mossad inside job or that ISIS and al Qaeda in Syria are proxy armies for the State Department and CIA who kept them in Nikes and white Toyota pickups, or that Russia has no desire at the moment to invade anybody.  The country is under-populated after 70 years of satanista rule and cannot exploit its own natural resources efficiently unless it can increase its population.  The last thing it needs is an empire beyond its borders.

In reply to by skbull44

BigJim skbull44 Tue, 06/12/2018 - 13:25 Permalink

Can someone please ask Mr. Buchanon how the US can issue the world reserve currency AND not run a trade deficit?

And exactly whom is America "defending" the rest of NATO from? The Fijiians?

Much as I usually like Buchanon he's talking out of his as here.

In reply to by skbull44