By L Todd Wood, August 5, 2019

Trump Stands Firm Against Chinese Mercantilism, Opening Door To Bright Future For American Economy

Think back to 2016; if Hillary Clinton had won the election, China would be well on its way to becoming the dominant economic power in the world, able to dictate to the United States of America terms for trade, all the while stealing America’s technology to use against her. Supposed ‘American companies’ like Google and Apple would be further in bed with the Chinese Communist Party, well along to helping them develop 1984-like surveillance systems to make the Chinese and US population fall in love with Big Brother, whether they liked it or not.

Instead, the opposite has happened. The Chinese economy is shrinking, possibly even in recession. In the face of Trump’s tariffs, manufacturing is moving out of China in droves, some back to America, some to Vietnam and elsewhere.

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The Chinese economy is a house of cards, supported by mountains of bad debt, making ‘The Big Short’ look like a kindergarten movie.

Capital is fleeing the Middle Kingdom, to the U.S. I might add. Corrupt Chinese oligarchs are moving money to safe havens as fast as they can.

Protests for Democracy rage in Hong Kong, threatening the entire communist system run from Beijing.

Chinese President Xi does not know what to do, or how to react. To take a quote from Michael Pillsbury’s fabulous new book, The Hundred Year Marathon, Xi has foolishly asked the ‘size of the emperor’s cauldrons’. In other words, he has moved too soon, showed his hand, arrogantly destroyed decades of Chinese deceit, that was meant to bring hegemony over the West. I predict his self-proclaimed ‘power for life’ will somehow not end well for him.

Donald Trump is bravely accomplishing what he promised to do, in the face of rabid, snarling communist criticism, coming from Americans I might add. He is single-handily rebuilding American economic power and military might.

The American Marxist media is spitting fire against POTUS of course. Take CNBC for example, President Donald Trump overruled the adamant objections of nearly his entire trade team when he ordered the imposition of 10% tariffs on China’s remaining $300 billion of exports to the United States.

Trump, in his decision announced on Twitter Thursday, said China has not made good on a promise to buy American agricultural goods in large quantities, and as a consequence the U.S. would impose new tariffs starting Sept. 1.

In other words, Trump doesn’t know what he is doing…wrong. Trump is just taking care of the factory worker in Michigan, rather than the globalist corporation who has no allegiance to the success of the American people.

In Trump’s second term, he will deal with the existential problem of the national debt, and will leave office a truly transformational president. Not transformational in a seditious way like Obama’s destructive agenda, but truly to improve the lives of hundreds of millions of American patriots.

Having pushed the financial markets through the stratosphere over the last two years, and the Fed now cutting rates, Trump has plenty of room to endure short term market pain for long-term economic gain.

The strategy is truly brilliant, beyond the comprehension of all the Millennial talking heads on Business TV who have never run a corporation or hired anyone for that matter.

If the Democrats had been in charge, they would have long ago sold out America, again, for money. Just listening to Joe Biden still appease the Beijing murderers is sickening.

Having come this far, I truly hope President Trump sticks to his guns, maybe even leaving the WTO, or forcing China out. Trump is right — free trade is good but what we have today is not free.

This is a beautiful thing to watch, and I’m glad to be alive to see it. It’s Reagan on steroids.

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Good comment under the article....
AOT
August 5, 2019 at 7:22 pm

Historic events had already proven President Trump correct over five hundred years ago. Taken form a history book published in the 1950s….The Spanish plundering of the new world made Spain one of the richest nations on earth for its time. The Spanish spent much of this wealth buying consumer goods from the rest of the world …not investing in the productive capability of the Spanish economy. Consequently, when the plundering of the new world dried up, Spain..without the capacity to create new wealth soon began to shed its wealth till it became what it is today….a bottom tier member of the EU.

President Trump is correct…a country that cannot create its own wealth will soon lose whatever wealth it has. I applaud President Trump for his brilliant tariff strategy. Most Americans realize costs of some goods will rise but in the long run as American jobs are restored and new lower cost producers are engaged…Americans as a whole will be better off for it.,