Ever since the capitalist scum caused global financial meltdown of 2008, all the major international economic organizations have been warning protectionism and competitive currency devaluations must be avoided at all costs. Of course, such warnings have been based on the understanding that such measures played a crucial role in the 1930s in deepening the Great Depression and creating the conditions for the eruption of World War II.
Now the proscription against protectionist tariff measures has well and truly gone by the board as far as America gives a crap. Not only has the F A T orange puke and his goon administration imposed tariffs on hundreds of billions of dollars’ worth of Chinese made crap, the F A T orange puke has made it clear that tariffs will be used as a crucial instrument in advancing its economic agenda everywhere.
The F A T orange puke will bankrupt world economies.
As for the capitalist scum that is the European Union they want to involve themselves in negotiations with America over a trade deal under the threat that if it does not accede to Washington’s demands, particularly on agriculture, then a 25 percent auto tariff will be imposed on “national security” grounds.
Yeah, that makes a lot of
senseInterestingly enough that threat extends to Japan, which is also involved in bilateral trade negotiations with the F A T orange puke, a situation Prime Minister Shinzo Abe sought to prevent, rightly fearing it would give Washington all it needs. No wonder Abe wants to blow Trump.
There is no question of a marked slowdown in the global economy—the signs of which are already apparent in Europe, China, Southeast Asia and in the US itself, where business investment and manufacturing are in decline - all thanks to the F A T orange puke. He has set off a dog-eat-dog struggle for markets, with no end or hope in sight.
So when the F A T orange puke labels China a “currency manipulator,” this only speaks of a clear indications of the shift to such a policy. The F A T orange puke has railed against the US Federal Reserve for not lowering interest rates fast enough in order to counter the effects of a fall in the value of the euro and the renminbi. The F A T orange puke has been saying the Fed’s actions have placed him at a disadvantage in dealing with the European Union and China.
So as it stands right now the shift towards currency warfare is not confined to the administration. Last week, a piece of legislation was introduced in the US Senate, jointly sponsored both Rethuglicans and Wall Street Democrats aimed at lowering the value of the US dollar.
They have already gave it a name:
"The Competitive Dollar for Jobs and Prosperity Act" declaring it would “manage the US dollar exchange rate” and bring it into alignment by placing a “market access charge” on foreign purchases of US stocks, bonds and other capitalist assets giving indication of which way the economic winds are blowing.