This must also be what the Chinese are thinking right now.
If Trump is genuine regarding Tariffs on Steel and Aluminum coming from outside the United States it must be considered Economic War.
The debilitating effects of Tariffs are well documented following Smoot-Hawley.
I am guilty of under estimating the negotiating skill of this man… and I must remind myself that he is a graduate of Wharton School of Business. I must remind myself that he Knows where this will go.
So let’s assume this is the opening shot across the bow of an international trade war.
The White House is desperately trying to keep the focus of proposed tariffs on steel and aluminum on the increased cost of goods which will be directly passed to the consumers. (This is also how corporate taxes work… but that’s for another day.) The Maison Blanc is currently sending Peter Navarro out to sell the tariffs with talking points implying there will be ‘only a penny increase on the cost of a six-pack of beer’ and ‘only $45 to the cost of a new car’… I sh*t you not. Navarro knows better, too.
Why do I find this an amazing point in time? Because once you read a bit about the Smoot-Hawley Tariffs (linked above) we imposed with only the best of intentions during the 30’s and the resulting consequence of extending the duration of the Great Depression you quickly realize it’s not the direct impact which hurts the most.
It’s the Indirect Impact.
It’s the Retaliation.
It so happens that we American’s have had our productivity and living standards vastly increased by our ability to access inexpensive goods from… China.
Chew on that for a second.
Now think about the fact that China is a poisonous concept based in Communism/Socialism that exploits its population as life is cheap under such a horrid Governing Theory. It is also an open secret that China must… must… create a quarter of a million new jobs every month or they risk a full-out pitchfork rebellion… not just the condemnation of a pathetically partisan Socialist Press as we endure here in The United States.
Which of us can weather the economic impact we both know will result?
This is nothing short of War.
I’m not sure it’s not time… but I’m not sure it is.
5 Comments | tags: aluminum tariff, China, economic warfare, great depression, smoot-hawley, steel tariff, trade war, Trump tariff, war, World War III | posted in economics, History, investing, News, politics, social issues, Uncategorized
We have reached a point that the Only way to Save the World is War.
The White House has made the case for Going to War in their latest Report.
National Aeronautics and Space Administration’s Jet Propulsion Laboratory along with the University of California at Irvine calculated that the glaciers’ retreat may have already “reached the point of no return.” THE POINT OF NO RETURN!
If we don’t Invade China, Mexico, India, Russia and the entirety of Africa, address overpopulation by annihilating their populations and then install Free-Market Capitalism and Constitutionally Limited Governments while also eradicating Socialist Ideology from the face of the Earth every last human will perish because of Man Made Global Warming… Cooling… Climate Change… Climate Uncertainty… Inconsistency… Incontinence.
These Countries are the highest producers of CO2, the green house gas directly linked by consensus to Man Made Global Warming, and must be stopped Immediately… Forcefully… Violently.
Because of these Psychopathic Murderous Climate Offenders the Antarctic Ice Caps are melting and there is Nothing We can Do… nothing. NOTHING! NOTHING!
If we don’t do this RIGHT NOW the first Catastrophe will be a 4ft to 10ft, may be even 100ft, rise in Sea Levels! (Possibly even 1000ft or 2000ft or 1 Million Feet! We could flood the moon! We just don’t know!)
Blood for Beaches!
I for one will Not Stand By living on a World that might not, possibly, be exactly in the same temperature range as it is right now… today… not yesterday or even a hundred years ago… but this very moment (I would want a consensus on that).
I Expect it to stay exactly as it is right now! And I’m willing to kill to keep it that way! (Not really, But I would absolutely ask those people in those CO2 Producing Countries to Kill Themselves. Voluntarily. Oh, and I prefer a temperature range between 75 and 84 degrees and sunny. Calm winds. Low Humidity. No bugs… can we do something about bugs? I hate bugs.)
Invasion is our only Hope!
The Earth Depends on it!
Polar Bears Depend on it!
Even you depend on it, not that you matter that much.
When we’re Finished with that…
The Sun is Expanding and We will all be Consumed by Fire, because Humans are Evil, Self-Centered, Greedy, Individualists.
(I vote we throw in France to the above World War. I realize they’re Nuclear, but it would be easy added value.)
Can we at least get a selfie with a Pound Sign followed by something clever scribbled on a piece of paper?
10 Comments | tags: Africa, Capitalism is the answer, China, climate change, Climate Hysteria, Climate Inconsistancy, Crazy Weather, Declaring War on China, Floods, France, Global Warming, Humans are Evil, humans suck, Hurricanes, India, man made global warming, Overpopulation, Russia, snow, the world is crying, the world is dying, the world is eating itself to death, there are too many people, World War 3, World War III, you hate everybody, you suck | posted in News, politics, science, Uncategorized