I am rather too exhausted after a long week to write anything particularly deep or meaningful, but I think we probably all feel that way after watching the inexplicably weird tariff wars this week. What started out as a good, if over-hyped, idea, has turned into a public relations disaster for the God-Emperor. I imagine I will have more to write about it later, but for now, all I can say is that “Liberation Day” has thus far proven Amerikhastan is in thrall to its bond markets.
All I can say is that President Trump has lost an enormous amount of political capital in just a few days, by attempting to break what Alexander Mercouris likes to call “the First Rule of Diplomacy”: NEVER try to bluff the Chinese, because your bluff will be called.
Make no mistake, the Chinese have a very great deal to lose from the 145% tariff rates – or whatever they are right now – that President Trump imposed upon them. I suspect they are not as insulated as they think. But, they can replace what they import from the US easily enough. The US cannot replace what they import from China easily or quickly.
Anyway, we will get to that later – perhaps tomorrow, if I can find the time and/or energy. For now, let us get to the real reason for Fridays.
This week’s lovely lady is Irina, last name unknown, age unknown, occupation unknown, but almost certainly from Mordor – specifically, the northern capital of St. Petersburg. She spends a suspicious amount of time flouncing around the Middle East, which says a lot, really.
Happy Friday, gentlemen.
4 Comments
we can argue about the validity of the GDP formula, there is much there to critique.
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but the fact remains, GDP is the metric which “professional economists” have provided for us to evaluate the performance and productivity of a national economy. and the verdict of the GDP formula is unequivocal and unmistakable. sustained, massive trade deficits are extremely corrosive to the well being of a nation’s economy, especially when this deficit is financed via Debt ( although GDP completely ignores Debt ).
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we could also address this from the axes of the US Constitution
OR
the philosophies of Karl Marx.
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but that’s not necessary.
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Trump only has 4 years, assuming he doesn’t get assassinated. he hasn’t got time to play games. and changes MUST be made. because, as things are now, the United States will NOT be “the arsenal of democracy” in the event of a world war 3.
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you can critique his headlong rush to force these changes. and the fact that Wall Street is going to be upset by sudden changes is not up for debate. what is up for debate is whether or not Wall Street being upset is the least bit important.
Chicks with only one name are always trouble. There are no exceptions.
Oh yeah. And she LOOKS like trouble, from head to toe.
meh, y’all just need to train up your pimp hand.