Spengler writes in the Asia Times Online, “Rather than a tariff war, the world will face a disruption of the global supply chain, major dislocations in high-technology trade, shocks to pricing, and a return to national autarky in a number of economic policies. The result will be ugly in economic terms, and it will raise strategic tensions everywhere in the world. Hard to imagine an American policy initiative stupider than its attempt to export democracy to Iraq, this will go down as the dumbest thing America ever did.”
“Trump recognizes how unfairly our “partners” are treating us. He also exposed how insincere our trading partners were when they so readily declined his deal of true free trade. What’s more, he’s reinvigorating the image of the American president as a figure who commands–and deserves–the respect of foreign leaders, friend and foe alike.”
“One thing is clear: The White House is looking for a soft landing to its hard stances on trade with China. Perhaps China has already won this round of the trade war. But, if the White House holds strong, it just might exact the concessions it needs from China without sacrificing American national security.”
“Going back to the 1990s, French and German policymakers have sought to create a world where there were many powers to rein in America’s perceived ‘hyperpuissance.’ Well, they have may have finally succeeded in crafting that multipolar world.”
“China’s ultimate goal is to link the capital-rich region of Northern Europe–specifically Germany–with its exports. But, the immediate concern is for China to solidify his vice-grip on the Mediterranean-Adriatic-Gulf trading zone, say analysts at the Washington, D.C.-based Institute for China-American Studies.”
“The Tumen River Region is a critical factor in all Chinese designs for dealing with North Korea. And, now that North Korea is aiming to play all three great powers: the United States, China, and Russia off each other, expect Pyongyang to use the Tumen River Region in a bid to force both Beijing and Moscow to hew closer to its geopolitical desires.”
“All in all, President Trump was completely correct to call out Germany. At the same time that Angela Merkel “leads” the “free world” in a rhetorical crusade against Russia for “hacking” elections everywhere (read, giving that hooligan Donald Trump the Oval Office–which, by the way, Putin did not do that), her government and country sidles up even closer to Moscow. If they can do business with and have peaceful relations with Russia, why can’t we (and the rest of the world)? At the same time that Frau Merkel insists on bashing America’s “weak” response to Russia, it is the United States, Great Britain, and the Baltic states that disproportionately fund NATO. Even as Merkel insists upon greater, more open trade, her government engages in the exact same kind of anti-free trade actions that Trump espouses.”
H.R. McMaster might be out at Trump administration National Security Adviser. His successor may be a current Ford Motor Company executive and former George W. Bush administration official, Steve Biegun. Watch this video of Biegun at the Aspen Institute from earlier this year.
Following the history-making results of the 2016 Presidential Election in the United States, I now extrapolate from the global trends that brought on Mr. Trump’s victory, the rise of the AfD Party in Germany, and the recent Brexit vote to conclude that in the upcoming elections of France, Germany, Slovenia, Iran, Serbia, Mongolia, and Hungary there are changes afoot that indicate a further negative reaction to Globalization.
In this Election Night Podcast, I proffer calming words and soothing advice for those audience members who are involved in investing or those who are members of foreign governments, caught totally unawares by Trump’s apparent victory (you wouldn’t have been surprised, had you listened to The Weichert Report more carefully). Anyway, needless to say, there will be great opportunity in the days ahead. Please listen and share!