Trump

Trump Threatens to Cancel NAFTA If Congress Interferes | Armstrong Economics

Posted on by johnbarleycorn12

QUESTION: Mr. Armstrong; Do you agree with Trump that if he canceled NAFTA, the United States would be better off? SN ANSWER: Ironically – YES from a jobs perspective, not the consumer. What you have to understand is that these trade deals are all nonsense. They are NOT Free Trade in the least. They are compromises so politicians can pretend they have accomplished something. Take the deal with Europe. France’s position was that nothing can be called “Champagne” unless it comes from that region in France. Every trade negotiation is a compromise that maintains protectionism. In that regard, if Trump actually canceled NAFTA, his boast that the US would be better off is meant that all products would then be subjected to tariffs and all of the American industry would be protected. Now, that said, this view is that of the worker – not the consumer. All of these trade negotiations are one-sided. They are always focused only on jobs and not producing the best price for the consumer which in turn raises our standard of living. I have never encountered even one politician who has EVER defended the consumer in trade deals. This violates the principle of Comparative Advantage put forth by David Ricardo. It’s true that Saudi Arabia could grow lettuce but the cost of irrigation in the desert would make the cost 10 times more than simply buying it from Europe or North America. It would cost the consumer far more to simply grow that product in the desert than importing so it is best to buy it elsewhere and focus on your productive capacity in which you have some comparative advantage over others.
— Read on www.armstrongeconomics.com/world-news/world-trade/trump-threatens-to-cancel-nafta-if-congress-interferes/

How Long Can Trump Survive? The NY Times Aids the Deep State | Armstrong Economics

Posted on by johnbarleycorn12

There has never been a President of the United States who is so hated by the political establishment which is absolutely determined to remove him from office, destroy his empire, and imprison his family while they are at it. The claimed New York Times Op_ed which is supposedly by a high ranking official in the Trump Administration really says nothing and it appears on the surface to be a plot to undermine not just Trump, but the Republicans as a whole. The title says “I am Part of the Resistance Inside the Trump Administration” which offers absolutely nothing about what the writer claims to even resist. This person claims: “We want the administration to succeed and think that many of its policies have already made America safer and more prosperous. But we believe our first duty is to this country, and the president continues to act in a manner that is detrimental to the health of our republic.” First of all, claiming to be undermining Trump from inside is actually declaring war on the very democratic process this person claims to be defending. He is placing his judgment about that of everyone else which is no different than the Democrats. The real disturbing thing is he cannot be that stupid that writing such a piece publicly which FAILS to even state what policy they are resisting is a direct blow to the Trump Administration as a whole. This would naturally means that Trump should trust absolutely NOBODY in the White House. It is designed to actually undermined the Trump Administration by not even stating what policy this person is acting against. This is clearly the DEEP STATE taking a position without saying anything to ensure that the Trump Administration will be destroyed. This is all about keeping the elite in Washington in full control. Trump tweeted: “If the GUTLESS anonymous person does indeed exist, the Times must, for National Security purposes, turn him/her over to government at once!” On that score, he is absolutely correct. This is a National Security issue particularly because the person fails to state what specific policies they are undermining. This is clearly a treasonous act and if the Russians pulled it off, it would be a declaration of war. Indeed, the person may be trying to sabotage the Trump Administration and that would be a Watergate that warrants investigation to see where it leads for it could lead to a foreign power or the Democrats. This was really brain-dead for the New York Times to publish something that does not even say what policies the person is undermining. That really is a question of National Security and Congress should investigate. Where does this all end? Trump’s polls are in the mid 40% range in general. Obama’s first midterm election in 2010 saw the Democratic Party suffer the greatest defeat for a newly elected president in a midterm since the Republican Party under Warren Gamaliel Harding in 1922. We will answer that question soon if Trump will see the same fate in 2018. In my entire life, I have NEVER witnessed such an all-out assault on the President by the establishment be it left or right. These people are clearly destroying the country for there is a significant percentage of the population who will just not accept another career politician. This has been my concern – what comes after Trump?
— Read on www.armstrongeconomics.com/international-news/politics/how-long-can-trump-survive-the-ny-times-aids-the-deep-state/