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David Stockman: ‘This Is Not Your Grandfather’s Trade War’
By David Stockman as originally published on Contra Corner and reprinted here with permission
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I’ve been interested in this cat since the ‘Gipper’ days. Like Herr H., he is an excellent writer; syntax, vocab, and back ground to support claims. For some reason this piece registered. These sorts of things are important to me because of age. I DO NOT have anymore ‘fuckit’ in me regarding that what I have saved. For me, it’s all about preservation and not realization. With my declining abilities this has become paramount. I feel less secure than anytime in my life. That we are being ushered by an adolescent baboon does not help.
Trump is so obviously WINNING! on bringing down the trade deficit, from today
“Year-over-year, the average goods and services deficit increased $10.1 billion from the three months ending
in February 2017. “
A complete financial critique in one article . The FEDs great success is teaching China how to work and Teaching Financiers how to steal . While allowing allowing profits to increase through Financial manipulations The FED printing press created ” Red Ponzi ” made possible for China huge industrial and technological gains and capacities and provided for China a middle class the size of the American total Pop . On the other hand , in America , $ 100 Million plus Apts. On NYC Billionaires Row and grotesque wealth inequality and a hallowed out middle class and industrial base . As you pointed out : Honest price discovery has been rendered obsolete to Our detriment , financially and maybe even more important societally and culturally .