@LevantWire China has shown an amazing capability to diversify trade away from the US. China could easily survive 100% tariffs, which would only hurt US consumers and businesses. In the meantime, the US percentage of world trade keeps shrinking.
Today is July 4. After a long reflection, i have decided to skip any celebrations. Since MAGA’s take-over of America in 2016 with a minority popular vote, the country has embarked on steady decay. No renewal is possible under existing constitution. https://t.co/5hPGogidut
The less immigation os allowed into the country, the higher the price level. Americans must become mentally prepared for much higher prices. Thank MAGA. https://t.co/uzcbll6J6e
Purge of US army officers by MAGA is reminiscent of Stalin’s purges of Red Army officers in 1930’s. However, when Oper. Barbarossa was launched in 6/41, German army was at the gates of Moscow within a few weeks. Might MAGA purge be hinting at something?
https://t.co/6zOfus8XBu
It’s high time to terminate NATo alliance, now not worth the paper it’s written on. The likelihood that Trump’s America would come to defense of Europe is essentially nil. Instead the Europeans must build up their own defense capability. https://t.co/TG0XzolnJP
This is a complete idiot idea. First, the Gulf states will seek a modus vivendi with Iran which will or already has emerged as a hegemonic power in the Gulf; second, Iran would simply threaten them militarily if they tried to approprate its assets. https://t.co/2rLUo0F4O7
New reforms to China's hukou system will certainly benefit migrant workers by giving them access to more social services where they live and work.
But without other changes, it may not reduce cautionary savings and boost consumption significantly.
https://t.co/War0QwcYIB
Trump said something to me in 2016 that I’ve never forgotten.
He asked if I thought the British were going to Brexit. I said no because economically it made no sense.
He said you’re looking at it as an economic decision. It’s not. It’s an emotional one.
Three weeks later, June 2016, they Brexited.
That was the moment I understood something real about the reality of politics in the US and the UK.
Would I be surprised if Farage became Prime Minister? Not really.
The Conservatives had their run. Labour is struggling.
We’re in an anti-incumbency era across the entire West and Reform has never actually held power.
So people shrug and say it can’t get any worse, let’s try something new.
I hope it doesn’t happen. I think their policies are asinine.
But I said Brexit couldn’t happen either.
What kind of great power is unable to deliver to its allies weapons that had already been already purchased by them? The US cannot renew military offensive against Iran, for it is basically out of military materiel. https://t.co/NFYnDSTse5
This is truly frightful. According to @paulkrugman, cost-push inflation has set in in the economy and eradicating it will be a long and painful process. https://t.co/IVaTnrEUDM
If China is really serious about challenging the US$ hegemony, it must make its currency convertible. An inconvertible currency will never become a reserve currency.
https://t.co/MOuSKDmQ5J
No great power can remain a great power for long with a total lack of fiscal discipline. Eventually the temptation to pay down the debt through inflation might become irresistable. https://t.co/tNEMrI8TaV via @NYTimes
The 35% freshmen enrollment increase at Clark University is most impressive. This is despite the unfavorable demographics, particularly in the Northeast, and cost disadvantage to state universities. https://t.co/VB4j3rxiAf
Poland’s May 3 Constitution is a great document in history of European liberalism. Unfortunately its true meaning is poorly understood in Poland today. The authorship also remains obscure to most people. Its author was Poland’s greatest king, Stanislaw August Poniatowski.
Comments by British ambassador about lack of accountability in US for Epstein links allude to the guy at the very top who is likely to have been involved. If the other Epstein fellow-travelers were to be investigated, who knows what they might say about the guy at the very top?
FT Exclusive: The UK's ambassador to Washington criticised America's political system for failing to hold associates of sex offender Jeffrey Epstein to account, saying it was 'extraordinary' that the scandal 'hasn't touched anybody' in the US. https://t.co/gpcxsjdx2i
The royal visist to Trumpworld is a
big mistake. It bestows on Trump the type of pump and prestige he craves. As to the “special relationship,” it’s not worth the paper it’s written on as long as Trump is in office. https://t.co/3j2OgVAX7Z via @NYTimes