Thank you "The Last Refuge"
In the coming days, weeks, and months you will be hearing a lot about the economy going into recession and the fact that, along with everything else under the sun, “IT’S TRUMP’S FAULT”. Please read this before you decide what or who is at fault and, if in fact, there really is a recession.
In the coming days, weeks, and months you will be hearing a lot about the economy going into recession and the fact that, along with everything else under the sun, “IT’S TRUMP’S FAULT”. Please read this before you decide what or who is at fault and, if in fact, there really is a recession.
The
intent of the coordinated *negative economy* message is to generate fear and
uncertainty in American consumers. There are trillions at stake. It is a united
corporate message; intended to defend Wall Street's multinational interests.
Look
carefully at the nations who are experiencing the worst current economic
outcomes (and those yet to hit headlines). What you will notice is that they
are all *export-dependent* nations.
Their
economic models were built around protecting their own interests
(manufacturing), and exploiting open access to the U.S. market.
Example:
The EU…BERLIN (Reuters) - Slumping exports sent Germany's economy into reverse
in the second quarter, with prospects of an early recovery slim as its
manufacturers struggle at the sharp end of a global slowdown amplified by
tariff conflicts (Trump economic policy).
Example:
China…BEIJING (Reuters) - China’s factory activity shrank more than expected in
June, an official manufacturing survey showed, highlighting the need for more
economic stimulus as U.S. tariffs (Trump
economic policy) and weaker domestic demand ramped up pressure on new
orders for goods.
However, the U.S. is *NOT* an export dependent nation. We consume 80% of our own production. As a result our economy is not dependent on exports. As a result the U.S. GDP does not have the same inherent flaw.
Simultaneously, the tariffs put pressure on U.S. multinational corporations to return production to the USA. This is against their previous investment decisions. This reality is why Wall Street (multinationals) are adverse to Trump policy.
Trump is engaged in a process of: (a) repatriating wealth (trade policy); (b) blocking exfiltration (main street policy); (c) creating new and modern economic alliances based on reciprocity; and (d) dismantling the post WWII Marshal Plan of global trade using one-way tariffs.
The American consumer, mostly blue-collar middle-class buying, is the engine for the U.S. Main Street economy. It is a strategy of U.S. Wall Street multinational corporations to stir up fear and attempt to stall that engine.
This is why corporate media, financial pundits and democrats are cheer-leading for (actually trying to create) a U.S. recession. The tactic is to target consumer confidence.
Wages are increasing +3.4%. Overall worker compensation/income is increasing +5.4%. Inflation is low 1.5%. This means more disposable income for average Americans who then spend, which drives the U.S. economy, which is what we see…
However, the U.S. is *NOT* an export dependent nation. We consume 80% of our own production. As a result our economy is not dependent on exports. As a result the U.S. GDP does not have the same inherent flaw.
Simultaneously, the tariffs put pressure on U.S. multinational corporations to return production to the USA. This is against their previous investment decisions. This reality is why Wall Street (multinationals) are adverse to Trump policy.
Trump is engaged in a process of: (a) repatriating wealth (trade policy); (b) blocking exfiltration (main street policy); (c) creating new and modern economic alliances based on reciprocity; and (d) dismantling the post WWII Marshal Plan of global trade using one-way tariffs.
The American consumer, mostly blue-collar middle-class buying, is the engine for the U.S. Main Street economy. It is a strategy of U.S. Wall Street multinational corporations to stir up fear and attempt to stall that engine.
This is why corporate media, financial pundits and democrats are cheer-leading for (actually trying to create) a U.S. recession. The tactic is to target consumer confidence.
Wages are increasing +3.4%. Overall worker compensation/income is increasing +5.4%. Inflation is low 1.5%. This means more disposable income for average Americans who then spend, which drives the U.S. economy, which is what we see…
But all of these good Main Street jobs, generate economic outcomes that are adverse to the interests of Wall Street multinational companies who prefer to see the U.S. remain a "service driven economy". Exporting nations want Americans *dependent* on cheap foreign goods.
President Trump has stalled the economies of those who demand American dependency. To counteract Trump, those same economies have lowered their prices by devaluing their currency.
Export dependent nations are like drug dealers who need their addicts dependent on their product. If the addict starts to realize their addiction is killing them, the dealer lowers the price to keep the addict 'zoned out' in an artificial happy place.
The US. jobs/labor market remains strong. Wage growth is rising. Price inflation is low because manufacturing economies (EU/China) are devaluing their currency, and subsidizing their industries (China), in an effort to avoid Trump’s America First trade policies (tariffs).
Global manufacturers -Wall St multinationals- need access to the U.S. consumer market. As President Trump applies a series of strategic global trade moves, intended to draw manufacturing back to the U.S., those multinationals are fighting it.
Who is fighting to keep the American economy strong, to keep the U.S. economy balanced, to keep American worker wages growing, and essentially, Keep America Great? This guy:
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