Trump cronies making it rich by association with Trump

Howard Lutnick, publicly is very loud about how successful those tariffs are, raking in billions, but privately he, or his sons, knows it is going to be a colossal failure.

It has been revealed that Howard Lutnick's two sons, Brandon and Kyle, had been installed by Howard in Cantor Fitzgerald, a financial services firm, as Chairman and executive vice Chairman, positions which Howard Lutnick himself was holding as CEO and Chairman before he became Commerce Secretary. Cantor Fitzgerald had discreetly been betting upon the failure of those tariffs and taking bets over the tariff collapse eventually, trying to make a windfall on those bets.

Howard Lutnick is the same kind of people in the Trump administration using their position to enrich themselves, family members and cronies, using Trump as the echo chamber to carry out their plans. The bailout of Argentina by Scott Bessent serves the purpose of saving the predicaments of George Soros and other hedge funds cronies caught with Argentinian bonds sinking like the Titanic.

I hope this comment does not get deleted as my earlier comments on Scott Bessent's involvement in the Argentina bailout.


Anonymous

Xi Trump Meeting - When is rascal Trump going to start another round of sanctions?

Trump is gloating about an 'amazing' meeting with Xi, and the USA side is making a song and dance with the news that Trump has extracted his pound of flesh from Beijing. That is the story from the USA side, while the Chinese side painted a different picture altogether. Who do we trust?

Xi actually humiliated Trump twice by making him stand on stage waiting for Xi to appear. To geopolitical onlookers that was an indication of who really holds the position of a powerbroker. Power is exhibited by appearance, not by boasting out loud. The second humiliation came when Trump was trying to paise Xi as a tough negotiator and all the nonsense, while Xi just kept quiet, not responding, not acknowledging and let the echo chamber carry on and on. That silence shows who is the real one holding the cards.

All the agreements talked about at the meeting were basically mere 'consensus' to settle issues hanging in the air. That is not real agreements. That is the same story as in Geneva and Alaska earlier, all touted by the USA as 'done deals'.

Let us talk about the Tik Tok issue, with Scott Bessent claiming a deal had been reached without giving specifics, while the Chinese side just said that issues have still to be discussed. Does that indicate anything?

Let us talk about Trump gloating that the rare earth issue has been 'settled', while the Chinese side indicated that the sanctions waiver is only for one year. In my opinion, China is basically telling the USA that since Trump already gloated that the USA would have so much rare earth within one year, that he does not know what to do with them, China is just giving a one-year waiver over rare earth sanctions for Trump to build his mines and refining logistics just to see what happens. Is China setting a trap for Trump to fall into again?

Let us talk about the soya bean issue as well, with China already committed to buy Brazilian and Argentinian soya beans and other agricultural products, with long term agreements forged. Now, is China going to just ditch those deals just to please Trump and buy back USA soya beans? I leave that to your judgement. China does not make and tear up agreements like the USA. Sure, China can just buy a little of the soya beans from USA, but just for ego boosting for Trump that he is doing something for the farmers.


Anonymous

It is alright for white savages to invade and seize other countries

Actually, China and Russia, decades ago, were on different sides of the geopolitical divide, with Russia in the G8 and not on good terms with China.

Mongolia provides a natural buffer zone between China and Russia, although now it serves not as that necessary buffer, with China and Russia on good terms. The USA is now trying to use Mongolia to counter China.

China or Russia should have little trouble taking control of Mongolia, but that would have been demonized as expansionist and against International Norms. The seizure of sovereign states can only be monopolized by the Anglo-Saxon Whites based on historical precedents, they would claim, LOL.

Now people like Lindsay Graham are using the right of seizure against Venezuela and Colombia, using the same modus operandi argument that previous Presidents like Ronald Reagan had also done that before.

Many people are warning that the USA is sleepwalking into another Vietnam if it thinks Venezuela and Colombia are pieces of cake. These are vast countries, covered by thick jungles and mountainous, the exact replica of Vietnam. Go Donnie, go, and find out the hard truth.


Anonymous

Nvidia's US$5 trillion valuation is bigger than the GDP of Germany, Japan and India

Nvidia is now a US$5 trillion company. That is mind boggling, knowing that just a chip maker's worth can be bigger than the GDP of Germany, Japan and India. In Global GDP ranking it will be the third biggest economy in the world. Believe it or not?

India, with 1.4 billion population working their guts out cannot even compare its GDP to a chip maker. Germany and Japan, the kingpins of manufacturing in the world, even despite their problems, also have a GDP that cannot compare to a chipmaker. Soon, Nvidia will overtake China as the second biggest economy in the world and fighting against the USA for world No. 1, LOL.

The USA Government itself is investing in all the technology giants and slowly gaining control of them. Money printing is helping their shares to shoot to the moon, on top of all the money shuffling between those companies. It is just like the Japanese 'Keiretsu' system of intercompany investments, that is now the cause of all the woes in the Japanese economy.

Richard Wolff, the economist said that he was afraid of what was going to happen months ago and now is saying that he is terrified of what is expected to happen. Trump will call it a hoax anyway.

Let us just watch how that big, beautiful balloon is being blown and how it is going to burst.


Anonymous

Trump flew all the way to South Korea to kiss Xi's ass

 Whe Trump launched his tariff war, be bragged about world leaders coming to kiss his ass. He was right as many world leaders did go to Washington to kiss his ass, especially American colonies and cronies. China and Russia and the BRICS countries were different. They couldn't careless about Trump and his tariffs.

Trump in his deluded D grade mind believed that Xi would also be coming to kiss his ass. When this did not happen, he increased his tariffs, imposed more sanctions and export control, thinking that it would work. Again nothing happened.

Subsequently Trump changed his tactic by making wild calls that he would be meeting Xi here and there. Again nothing happened. The world noticed that it was Trump that wanted to kiss Xi's ass and was begging Xi for an audience. Throughout the pitiful saga, Xi remained reticent, not saying a word while Trump jumped around, pulling his hair to wit's end.

Trump was so desperate to want to kiss Xi's ass that he again made a public announcement, without any confirmation from Xi, that he was flying to South Korea to meet Xi. Trump's visit to the APEC Meeting was just an excuse. He flew to South Korea only for one reason, to meet Xi. Xi kept Trump in suspense, without saying yes or no until the eve of the 30 Oct meeting.

If Xi did not agree to meet Trump, his trip to South Korea would be a waste of time. And because of this desire to meet Xi, Trump also made a side trip to Japan where he exposed his vulnerability of being a very sick person. It was very obvious that Trump was taking very potent drugs to keep up the appearance that he is well. But when the drug did not work fast enough, he was exposed as a dead man walking. He was moving around in the presence of Japanese PM and ministers like zombie Biden, not knowing why he was there, not knowing where to move to, needed to be guided in every step he took. Without the drugs they are pumping into his 79 year old body, Trump would be no different from Biden.

Immediately after meeting Xi in Busan, Trump flew back home, skipping the APEC Meeting that he pretended to attend, would have no choice but to attend to put on a show if Xi refused to see him. Yes, Trump flew all the way from Washington to Busan, South Korea, just to kiss Xi's ass. Karma for bragging too much. He was lucky that Xi was kind to meet him and even offered him a big present to bring home.