Trump and Biden are taking the USA voters to be just
'dim wits' with their tariff escalation against Chinese products.
Keeping voters dim and ignorant does have great advantages for blind
policy implementation. However, on the flip side, it is not going to
hurt Chinese manufacturers that much and put them out of business, as
Chinese investors have already figured out long ago, after Trump's trade
war, that this was going to happen and have been moving operations into
the Global South.
Chinese manufacturers have been relocating
factories to Vietnam, Bangladesh, Mexico and even to friendly European
countries like Hungary and Slovakia among others, over the last several
years, particularly after Trump's trade war.
Investing further
in the USA and EU is deemed suicidal in the face of USA and EU policies
against Chinese manufacturers. The USA and EU seems to forget that there
is another much bigger world outside of the USA and EU, and a bigger
market rising for Chinese manufacturers to dominate. Africa, with 1.4
billion population on the continent, is a big market to conquer, with
the USA and EU combined population of just a mere 1.1 billion.
Sure,
Africa is still poor, but that is assuming that Africa cannot rise like
dirt-poor China, in just three decades with Chinese help. And dominate
the Chinese eventually will, with cheaper energy, abundance of raw
materials, supply chains, skilled workers and an enlightened Government
charting the direction of investing in rising industries in the future.
The
trade war backfired badly on USA consumers with the USA Government
gloating about success that actually harbored failures on all fronts. It
deprived the USA of good jobs that could be generated with Chinese
investments. Not only are Chinese investor avoiding the USA, skilled
science and engineering expertise are leaving the USA in the face of
dwindling opportunities for innovation. Further, there is always the
possibility of being targeted for spying at the USA's whims and fancies.
Why suffer the indignity of going to jail and killing their careers?
China
welcomes all these ready-made scientists and engineers, trained and
proven free of charge, coming home to help the country move forward. It
is a blessing in disguise and a big loss for the USA and a big gain for
China.
But let the USA continue to bask in the fake thinking that
trade wars are easy to win, and sanctions will drive China down. Some
media commentators are not calling Trump a conman for nothing. Trump
could lure a bird to come down from the tree with his conman mouth. Let
us give him credit for that!
Anonymous
PS. Actually either Trump or Biden is good for the rest of the world. Let these two incompetents destroy America faster.
How to vote both out? The Deep State's idea was and is to put both as candidates, so voters only can vote for the Deep State's right hand or the left hand. That is the choice the voters have been given.
ReplyDeleteAfter all, the playbook that both candidates use is the same book. The songbook that the Democrats and Republicans are using in Congress are the same songbook. The USA's political system can never change.
What is the favorite song in the USA playbook and songbook? Using the Russian and Chinese bogeymen as punching bags for their domestic consumption is top of the list. Real domestic issues play second fiddle. Homelessness, escalating debt, drug infestation, people raiding supermarkets and laughing at Biden's gaffes are inconsequential and deniable. Those issues can be left to fester after every four years for the next President to inherit. What is even worse is raising tariffs that will cause even greater misery to USA voters with higher cost of EVs and other Chinese products after November.
Talking about USA debts and the fear of a default is one example of how ignorant the USA voters are. Most would assume that China and Japan will suffer the most in the event of a debt default by the USA. That is far from the truth. Foreign holders of USA debts stand at just about 7 trillion, with the Fed holding about 5 trillion and Banks another 3.5 trillion. The rest of about 19 trillion is held by USA citizens, corporate entities, hedge funds and pension funds. Pension funds carry the most damage to USA citizens in the event of default.
So, who suffers the most in the event of a debt default by the USA? Not China or Japan obviously, though they will be affected. It is the USA citizens themselves. Everything will be wiped out - pensions, investments, bank accounts resulting from bank failures, with their American dreams turned to rubble.
The Fed and USA Treasury are making great efforts to flog a dying horse using hanky panky moves and lying to the public about how strong the USA economy is and how tight the job market has become. Amidst the escalating debt, some are even suggesting that just printing more toilet papers will help to save the debt crisis. That will be the straw that is going to break the camel's back in de-dollarization for sure.
Vote Trump and the Americans know that Trump is in control. But vote Biden and the Americans don't know who are the ones really in control - the faceless deep state people , or the Jews like Blinken and Yellen manipulating Biden !
ReplyDelete