No western media or Channel News America boys and girls would be asked to question such an issue. Either they all believes that the American economy is rock solid, has a lot of depth and its strength cannot be underestimated, or they were not told to write about it.
Paul Krugman has said inflation would kill off the American economy when Trump starts his anti immigrant policies to remove the illegal and legal immigrants. With the depreciating value of the dollar, the high inflation is, in a big way, alleviated by the immigrants doing the low level jobs to keep cost of living low. When American businesses cannot employ cheap migrant labour, the cost of labour for businesses must go up and directly affect the cost of living and inflation.
Can the average Americans survive a runaway inflation with so many policies and factors that are going to drive inflation sky high? All the sanctions against China would only push the prices of essential and 'good to have' consumer items up. The Americans have been quietly benefiting from all the cheap and good Chinese goods made easily available to stretch their diminishing income and value of the dollar.
The combination of high prices caused by sanctions and tariffs on Chinese goods, and the shortage of cheap immigrant labour would be a double whammy on the cost of living, with prices of goods and services going against the interests of the average American households.
How is D grader Trump going to navigate through these hurdles created by him in his trade wars with China? Trump is digging a big grave to bury all the average Americans in. Instead of thanking China, be grateful to China, and also the millions of cheap labour from the illegal and legal immigrants, Trump is going to choke these two major contributors that kept cost of living low or at least bearable.
Trump did not win his trade war with China in his first term, and not in his second term. What is sure to happen is high inflation and high cost of living for his loyal supporters. Hopefully they are able to live with it or can afford the high prices of everything that China produced or their substitutes if they could find any.
Trump is good riddance to bad rubbish.
Good morning All
ReplyDeleteSo easy ah?
Want to start Manufacturing Industries think magic wands ah?
Straightaway start hummings!
Took years for the PRCs to have sweat shops low value industries to high value ones
Needed well planned logistics and materials sourchings.
If possible have own and good transportaion and infrastructures to have steady supplies.
Next trained and hard working masses.
Americunts alreday too much sloths and good lifes had alreday lost their abilities to work.
Had enjoyed their luxurious lifes on the blood, sweat and tears of the Coloured Peoples.
Also on their past Loots and Plunders.
Now must suffer for their EVIL sins and deeds.
Time to take turns like China when they starved and plundered by the White Barbarians.
Karmas indeed!
USA got talent mah! See the magic they do on stage. The magicians can create all the factories they want. What about creating the kind of workers they need?
ReplyDeleteSuffice to say, laziness is a habit difficult to get rid of. Being hardworking is a trait difficult to get rid of as well. Can the USA just change workers mindset using just propaganda and grandstanding? Oh, not to forget using magic as well!
Trump did not win his first trade war. Trump therefore do not call his second trade war a 'trade war' as he knows that trade wars are not as easy to win as he gloated. He now calls his trade war 'tariffs'.
ReplyDeleteYes Tariffs on his own Americunts that going to pay more.
ReplyDeleteTariffs also as TAR-iffs!
Maybe after the Elections, Sinkeland shall also impose Tariffs on China's Goods.
Either on top of their GST collections or coerce by the Masters.
Our Principled ONE living in GCB shall said we do it on principle.
Then later like that Canadian Fool PeeAyam kena screwed upside down.
Ordered to captured HuaWei Meng Wanzhou and now screwed from behind from Dotard.
Also that Frenchies and German Doggies, both Kaput!
Heavans had eyes!
Me no Eyes see
Cantonese "Moh Gan Tai,
Let the USA people enjoy the screwing. If they like it, nothing to do with us. We just watch the show.
ReplyDeleteBetter than watching porn, LOL.
Delete