Friday, August 23, 2019

Stock Markets Plunge After Trump Orders US Companies To Find Alternative to China !!







President Trump said in a long tweet this morning : quote,Our Country has lost, stupidly, Trillions of Dollars with China over many years. They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, & they want to continue. I won’t let that happen! We don’t need China and, frankly, would be far better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP. Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA. I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States. Also, I am ordering all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE all deliveries of Fentanyl from China (or anywhere else!). Fentanyl kills 100,000 Americans a year. President Xi said this would stop - it didn’t. Our Economy, because of our gains in the last 2 1/2 years, is MUCH larger than that of China. We will keep it that way! , end of quote . Both yields and stocks tumbled on this "unexpected" escalation . Trump is blaming China for the storm created by the Fed policies . It is like the husband who spends his money on hookers and then gets on a fight on purpose so he can get home and say he was robbed . This administration does not understand global trade. The supply chain simply cannot be changed to the USA, Vietnam, or elsewhere over the short or midterm. In fact if possible at all it will take many years. Trump vowed revenge on China. But what about the promise to make America great again! No, this will have to be postponed,revenge on China is a sacred and paramount matter, especially when you consider Who made China strong. In order the re-industrialize, you need skilled machinists and toolmakers which are all but dead or retired. Skilled burger flippers and Starbucks baristas do not make an industrialized nation. While Trump rages against the Chinese ,the oligarchs who are in fact responsible for the deindustrialisation of the USA laugh their guts off . Wall Street loved every second of offshoring , and the CEOs made out like bandits. And where is Trump going to transfer production ? To Taiwan! So that is what he hinted. To move factories from China to Taiwan. Brilliant ! Tariffs are just another way of taxing the Americans . Collecting taxes and handing it out to everybody and his corporate brothers is Trump's ultimate tactic. Trump wants More Socialist Welfare for the Globalist . The tariffs are free money for the government to fund their overspending. The middle class pays the bill. China taking jobs . Why did not he go after the CEOs who issue the directives to make the stuff there. There are no independent Chinese companies subverting our markets. The sell-out of the US happened long ago by CEOs and bankers hiding in the shadows. The politicians also helped. Every administration for the last 30-40 years knew what China's plans were and many of our politicians helped the CEOs and Wall Street bankers sellout manufacturing to China. Unfair trade practices' is just a talking point. The US has been printing US Dollar as payment for all the work and all the goods China has sent to the US. That's a deal the US made to live on easy street while China took all the dirty jobs and heavy pollution from heavy industries. Now that the drawbacks are evident the US comes crying they don't like the deal anymore.








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