Trump isn’t fighting American decline. He’s speeding it up.
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Spartan Swill :: Discussions :: tBob
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Trump isn’t fighting American decline. He’s speeding it up.
But the problem is far more basic than that. Trump hasn’t embarked on a course that could strengthen American might. He’s already well on his way to eviscerating it.
For a start, his trade flip-flops are giving investors the willies. One day he wants to sanction a big Chinese company like ZTE. The next day he gives it carte blanche. Now that it’s becoming clear that he’s being outmaneuvered in trade talks, he’s declared that negotiations with China need to reinvented all over again: “Our Trade Deal with China is moving along nicely, but in the end we will probably have to use a different structure in that this will be too hard to get done and to verify results after completion.” Got that?
Among other things, all this uncertainty might well jeopardize the dollar’s status as the global reserve currency, which has helped foster American prosperity for decades by allowing it to borrow at advantageous rates. Here’s what Nader Naeimi, a money manager in Sydney, Australia, at the $145 billion AMP Capital Investors, recently told Bloomberg News: “At some point, you just bite the bullet and say, `I’m just going to get out of all my assets, all my exposures out of the U.S.’ That’s the No. 1 thing we’re thinking.”
Then there is North Korea. With his letter to Kim Jong Un on Thursday announcing that he’s bailing on the scheduled June 12 summit in Singapore, Trump has made a complete hash of the negotiations. His jejune tweets tried to create great expectations about the prospects for “World Peace” even as 18 of his Republican congressional flunkeys officially nominated him for a Nobel Peace Prize. Then, after he took umbrage at North Korea’s insults about Vice President Pence and decided that Kim wasn’t going to become his new best friend, Trump apparently failed to inform either South Korea or North Korea that he wasn’t traveling to Singapore. His cavalier approach to the summit has now provided an opportune excuse for China to relax its sanctions on Pyongyang. The bottom line is that Trump got played by Kim. So much for Trump’s vaunted deal-making abilities.
https://www.washingtonpost.com/news/global-opinions/wp/2018/05/25/trump-isnt-fighting-american-decline-hes-speeding-it-up/?utm_term=.1e95dcb5e3ef
For a start, his trade flip-flops are giving investors the willies. One day he wants to sanction a big Chinese company like ZTE. The next day he gives it carte blanche. Now that it’s becoming clear that he’s being outmaneuvered in trade talks, he’s declared that negotiations with China need to reinvented all over again: “Our Trade Deal with China is moving along nicely, but in the end we will probably have to use a different structure in that this will be too hard to get done and to verify results after completion.” Got that?
Among other things, all this uncertainty might well jeopardize the dollar’s status as the global reserve currency, which has helped foster American prosperity for decades by allowing it to borrow at advantageous rates. Here’s what Nader Naeimi, a money manager in Sydney, Australia, at the $145 billion AMP Capital Investors, recently told Bloomberg News: “At some point, you just bite the bullet and say, `I’m just going to get out of all my assets, all my exposures out of the U.S.’ That’s the No. 1 thing we’re thinking.”
Then there is North Korea. With his letter to Kim Jong Un on Thursday announcing that he’s bailing on the scheduled June 12 summit in Singapore, Trump has made a complete hash of the negotiations. His jejune tweets tried to create great expectations about the prospects for “World Peace” even as 18 of his Republican congressional flunkeys officially nominated him for a Nobel Peace Prize. Then, after he took umbrage at North Korea’s insults about Vice President Pence and decided that Kim wasn’t going to become his new best friend, Trump apparently failed to inform either South Korea or North Korea that he wasn’t traveling to Singapore. His cavalier approach to the summit has now provided an opportune excuse for China to relax its sanctions on Pyongyang. The bottom line is that Trump got played by Kim. So much for Trump’s vaunted deal-making abilities.
https://www.washingtonpost.com/news/global-opinions/wp/2018/05/25/trump-isnt-fighting-american-decline-hes-speeding-it-up/?utm_term=.1e95dcb5e3ef
Turtleneck- Geronte
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Re: Trump isn’t fighting American decline. He’s speeding it up.
All he does is talks gibberish and the Goose's in this country swallow it down and asks for more.
Watch Out Pylon!- Geronte
- Posts : 23330
Join date : 2014-04-30
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