Posted originally on the CTH on August 11, 2024 | Sundance
This is the simple albeit massive question that even President Trump himself doesn’t spend time thinking about. Melania does.
♦ To stop him in 2016, the FBI and DOJ ran a comprehensive surveillance operation against his campaign. The same people manufactured a completely fabricated case of Trump colluding with Russia. Have you forgotten?
♦ To stop him in 2017, the DOJ and Congress ran a comprehensive Special Counsel operation against his presidency. The justification of the SC operation was to prove a completely fabricated case of Trump colluding with Russia. The real reason for the SC operation was to cover up the FBI and DOJ completely fabricating the case of Trump colluding with Russia. Have you forgotten?
♦ To stop him in 2019, congress and the intelligence apparatus (Mary McCord and Michael Atkinson) manufactured an impeachment hoax using Ukraine, a fabricated DoD plant on the National Security Council (Vindman), the CIA (Ciaramella) and the Intelligence Community Inspector General (Attkinson). Have you forgotten?
♦ To stop him in 2020, the U.S. Intelligence Community, working through the U.S. CDC, seeded a global pandemic and quickly manufactured an election result using mail-in ballots to manufacture 81 million votes for a completely controlled candidate with dementia. Have you forgotten?
♦ To stop him in 2022, Joe Biden (through AG Garland) appointed a special prosecutor (smith) to investigate, indict and convict him. Have you forgotten?
♦ To stop him in 2023, the FBI and DOJ raided his home. Indicted him under claims of “national security,” then began to use Lawfare in the court system against him. Have you forgotten?
♦ To stop him in 2024, the U.S. Secret Service permitted a 20-year-old with a backpack, range finder, drone and long rifle, to walk into a Trump rally, set up position on a rooftop next to the USSS operating team, and fire eight shots at less than 150 yards at President Trump’s head, wounding his ear. Have you forgotten?
So, my question remains:
What will the Ukraine stakeholders, in congress, within NATO, within the State Dept, within the CIA and Intelligence Community and within the multinational banking and investment companies (Blackrock), do over the next few months to stop President Donald Trump from winning in November?
…She Knows!
CPA – […] Since the Section 301 tariffs were imposed, the share of imports from China has steadily declined from 21.6% in 2017 the year prior to the tariffs to 16.5%, a decline of 5.1%. No other country has lost as much share of total U.S. import penetration over the past five years.
In terms of total import value, Mexico gained the most from the tariffs, adding $110.8 billion. Vietnam gained the second most in import value by $78.4 billion and by far gained the most of total share of U.S. imports. In 2017, Vietnam accounted for about 2% of U.S. imports at $46.5 billion. In 2022, the U.S. imported $127.5 billion in goods from Vietnam, and the share of the total nearly doubled to 3.9%. Other countries in Southeast Asia such as Thailand, Cambodia, and Indonesia all saw significant increases in their value of imports by the U.S. (read more)
With the 2024 election rapidly coming, it is worth revisiting the actual tariff outcome to American consumers in order to dispel the popular myths about tariffs raising prices here at home. This might be the cited data you want to bookmark for later reference.
It was the Fourth Quarter of 2019…..
Right before the pandemic would hit a few months later, despite two years of doomsayer predictions from Wall Street’s professional punditry, all of them said Trump’s 2017 steel and aluminum tariffs on China, Canada and the EU would create massive inflation – it just wasn’t happening!
Overall, year-over-year inflation was hovering around 1.7 percent [Table-A BLS]; yup, that was our inflation rate. The rate in the latter half of 2019 was firmed up with less month-over-month fluctuation, and the rate basically remained consistent. [See Below] The U.S. economy was on a smooth glide path, strong, stable, and Main Street was growing with MAGAnomics at work.
A couple of important points. First, unleashing the energy sector to drive down overall costs to consumers, and industry outputs was a key part of President Trump’s America First MAGAnomic initiative. Lower energy prices help the worker economy, middle class and average American more than any other sector.
Which brings us to the second important point. Notice how food prices had very low year-over-year inflation – 0.5 percent. That is a combination of two key issues: low energy costs, and the fracturing of Big Ag’s hold on the farm production and the export dynamic:
(BLS) […] The index for food at home declined for the third month in a row, falling 0.2 percent. The index for meats, poultry, fish, and eggs decreased 0.7 percent in August as the index for eggs fell 2.6 percent. The index for fruits and vegetables, which rose in July, fell 0.5 percent in August; the index for fresh fruits declined 1.4 percent, but the index for fresh vegetables rose 0.4 percent. The index for cereals and bakery products fell 0.3 percent in August after rising 0.3 percent in July. (link)
For the previous twenty years, food prices had been increasingly controlled by Big Ag, and not by normal supply and demand. The commodity market became a ‘controlled market’. U.S. food outputs (farm production) was controlled and exported to keep the U.S. consumer paying optimal prices.
President Trump’s trade reset was disrupting this process. As farm products were less exported, the cost of the food in our supermarket became reconnected to a ‘more normal’ supply and demand cycle. Food prices dropped, and our pantry costs were lowered.
The Commerce Dept. then announced that retail sales climbed by 0.4 percent in August 2019, twice as high as the 0.2 percent analysts had predicted. The result highlighted retail sales strength of more than 4 percent year-over-year. These excellent results came on the heels of blowout data in July, when households boosted purchases of cars and clothing.
The better-than-expected number stemmed largely from a 1.8 percent jump in spending vehicles. Online sales, meanwhile, also continued to climb, rising 1.6 percent. That’s similar to July 2019, when Amazon held its two-day blowout Prime Day sale. (link)
Despite the efforts to remove and impeach President Trump, it did not look like middle class America was overly concerned about the noise coming from the pundits. Likely that’s because blue collar wages were higher, Main Street inflation was lower, and overall consumer confidence was strong. Yes, MAGAnomics was working.
Additionally, remember all those MSM hours and newspaper column inches where the professional financial pundits were claiming Trump’s tariffs were going to cause massive increases in prices of consumer goods?
Well, exactly the opposite happened [BLS report] Import prices were continuing to drop:
[Table 1 – BLS report link]
This was a really interesting dynamic that no one in the professional punditry would dare explain.
Donald Trump’s tariffs were targeted to specific sectors of imported products. [Steel, Aluminum, and a host of smaller sectors etc.] However, when the EU and China responded by devaluing their currency, that approach hit all products imported, not just the tariff goods.
Because the EU and China were driving up the value of the dollar, everything we were importing became cheaper. Not just imports from Europe and China, but actually imports from everywhere. All imports were entering the U.S. at substantially lower prices.
This meant when we imported products, we were also importing deflation.
This price result is exactly the opposite of what the economic experts and Wall Street pundits predicted back in 2017 and 2018 when they were pushing the rapid price increase narrative.
Because all the export dependent economies were reacting with such urgency to retain their access to the U.S. market, aggregate import prices were actually lower than they were when the Trump tariffs began:
[…] Prices for imports from China edged down 0.1 percent in August following decreases of 0.2 percent in both July and June. Import prices from China have not advanced on a monthly basis since ticking up 0.1 percent in May 2018. The price index for imports from China fell 1.6 percent for the year ended in August.
[…] Import prices from the European Union fell 0.2 percent in August and 0.3 percent over the past 12 months.
[Page #4 – BLS Report, pdf] – BLS press release.
So yes, we know President Trump can save Social Security and Medicare by expanding the economy with his America First economic policy. We do not need to guess if it is possible or listen to pundits theorize about his approach being some random ‘catch phrase’ disconnected from reality. Yes folks, we have the receipts.
This was MAGAnomics at work, and this is entirely what created the middle class MAGA coalition. No other Republican candidate has this economic policy in their outlook, because all other candidates are purchased by the Wall Street multinationals.
America First MAGAnomics is unique to President Trump, because he is the only one independent enough to implement them.
That’s just the reality of the situation. They hate him for it…
Centinel2012 