It would be great to see both foreign and domestic production again...We have had a major BMW factory here for many years (began to teach us a German-optional class, rather than useless French, and on principal, to refuse Spanish, in high school).
The simple clause in Trump's speeches is "cars made in america". Simple : build here, put Americans back to work, no tariff, foreign or domestic ; with all things.
Just really have to adjust to accommodating (as we have, for many years foreign labor in construction and ag., and TECH (!)... and enforcing labor laws.
But the heavy lifting has usually been in building jets, tanks, artillery, rifles and rounds- keep smart investors at bay...killing people has always been "big business", of course.
The casino-folks will squirm a bit-but regular Americans will have good-paying JOBS (!!), OMG!
Doesn't BMW have a factory in SC and MB one in AL? I own a VW made in Germany, but a lot are made in Mexico--look for some deal to get them into the country without a tariff.
Yes, BMW in SC. Again yes, correct about Alabama, both close to same time-frame. My Dottir (RIP) worked at BMW for several years, as has my cousin, he's been there many years.
That's the whole point : we offered huge tax exemptions just to bring them here, and all kinds of auto-related industries boomed. And still are thriving, major contributions to a wide variety of auto-makers in innovation, everywhere....look up ICar for instance.
Very Proud of our tiny lil State, and our wonderful kids doing such great work, making great money, bracing up tax revenue...
Simple solution and-MAYBE!!- American manufacturers can get the Rust Belt back to work, harvesting and utilizing the abundant natural resources, right at hand, to get True Steelers' grandsons out of abject hopelessness and poverty, God willing (!).
The casino folks may begin investing in HARD, TRUE Labor again...
And, above all, Machine Tool Manufacturing HAS to be brought Home again...If not, it will really be a slow and steep climb
-How Israelis used Elbit systems to entangle customer-states to force them to do Israel's bidding; i.e. force Greece, Italy, etc. to allow criminal Bibi to overfly.
-That Israel is US tool (the Wilkerson pov) rather than US is used by Israel (the Mearsheimer pov);
-that Israel is experiencing a serious brain-drain;
-that Israel's GDP #s are unreliable, since, i.e. tourism is Null but hotels are full, occupied by displaced Israelis, supported by Israeli state. ...
The Elbit nexus reminiscent of Lockheed Martin - Israel interface: even before merger, in 1988 the nascent combine sent Hebrew-speaking employees to Israel for a year at a time to integrate Israeli and LM systems.
I can't remember ever, at least since about Bill Clinton when I started being halfway aware, that a new POTUS did not almost completely betray on much of what they said they stood for.
While Trump might be holding course (although with unexpected and jaw-dropping tactics) on MAGA domestically, his perfidity on Iran and Ukraine (yes, we are still using Ukrainians to kill Russians) gives one cause for unease on what the real end goals of domestic policy are.
Like, would we be surprised to learn that his associates had massively shorted the stock market about 10 days ago?
Today is crucial. Netanyahu is getting the word from Trump [on Iran]. What that word is will eventually come out later today or tomorrow. And that's precisely when Russian, Chinese, and Iranian delegations are meeting in Moscow on the Iranian nuclear issue.
It now looks like Trump 2.0 was backed by some heavy hitters like the Zionists and Big Tech who are now using him as a puppet. He will throw us a few MAGA morsels - hey, the DoE has gone and a few guys with tattoos on their faces are being sent back to Mexico! - but that will be it. I'm increasingly of the opinion that we are in the Collapse stage of our civilisation. Someone like Trump was our last best chance to prop up the system, and he is failing. I wonder how many people here in the West are like me and are really rooting for Iran to give us a massive drubbing. It's been coming for a long time.
S-21...........yes, he was and it was obvious from the get go. He had Peter Thiel as a backer and he is of the Palantair company, which is a government backed military and security structure with Zionist leadership. They shifted their allegiance, for the moment to Trump. Trump has a new set of Zionist Oligarch's who want their turn to raid the American treasury and assume more power for themselves to make decisions that benefit their interests. Trump is a total puppet.
True, Cos. As someone commented elsewhere, the neocons are still very much there but the guest list is different. Well, let the chips fall where they may. I have a religious outlook on life and no matter how bad it gets, I know that goodness prevails - eventually!
What caused the Great Depression was the pressure from the Bank of England to raise US interest rates in order to repatriate gold from the US to Britain as preparation for WWII.
British Prime Minister Keir Starmer will soon declare something ZeroHedge readers have known for quite some time - the economic system championed by the international elite is dead and gone.
What a spineless fop is Starmer! He’s been the cut-out or stand-in for globalism irself, continuing to preside over the decline and decay of Britain. And now he declares he wants to have a chat about tariffs w Trump?
Among them, or leading them, must be Bernard Arnault, whose LVMH is building a huge new flagship Dior “Maison” on 57th Street NYC. Another French CEO said he frankly could care less (“je n’ai rien à cirer”) what Macron said about disinvestment in the US. Pernod-Ricard is also building a distillery in Kentucky (coals to Newcastle?). As usual, Mac is all bark and no bite. But Trump may end up making deals, as is his wont, with individual EU countries, thus driving yet another wedge(s) between them.
I always get excited about a market correction when I read the Keynesian consensus predict a disaster. The same people who claimed massive money printing and soaring government spending wouldn’t cause inflation are the ones who know exactly how tariffs will impact aggregate prices. Fascinating.
In June 2016, sixteen Nobel Prize winners expected higher inflation from tariffs, and it never happened. Furthermore, many of those economists recommended enormous government spending and Federal Reserve quantitative easing in 2020, stating there were no concerns about inflation. However, this led to the highest inflationary burst in thirty years. Reality showed that there was no inflation in 2016-2019 and that the insane printing and spending spree of 2021 led to the current inflationary burst. This happens because many economic experts will always justify all government imbalances and tax hikes but raise alarm at any tax cut or supply-side measure. We should never trust experts that work painfully close to social democrat governments.
When Keynesians predict a disaster, it is unlikely to happen. When the Keynesian consensus tells you that there is no risk, as they did in 2008, run away.
Even though he was a democrat, Harry Truman once remarked that if you placed all the economists in the world end to end, they’d still point in all directions. :-)
The bankers and money scammers have been for too long Keynesian devotees. the problem is that even Keynes recognized that government spending was to be short term only. We've been doing this off/on for the last 25 years (or more) and the low interest rates fueled the elites use of cheap money to expand their assets and wealth while savers lost ground.
Keynesianism is good old-fashioned Hamiltonian debt-financing designed to get the rich to buy into endless war. It worked for WWII real well and has never gone away.
You are right. I have always viewed "Keynesian economic theory" as a handy dandy label for justifying the actions of those who simply want to print more money under the guise of "fiscal stimulus" to meet each and every economic problem and downturn, in an endlessly promoted and supported Ponzi scheme of enriching the oligarchy and expanding the control of the government (in both U.S. and in Europe). The people who throw around that label by and large know nothing of Keynesian economics beyond its superficial utility for their desires.
Alas, countless people have suffered for decades under the regimes and fiscal spending of the "Keynesians" but hey, Paul Krugman made a grifting career out of it, so I guess that makes it OK. \s
Keynesian policies are not deflection, but misguided faith in a theory never proven to work for anything but short term results and only in crisis. Yes, there is a power structure and they've been making bank on cheap money for over 25 years while savers and others stood still or worse yet fell behind.
So, even as I was writing, developments? This is what Trump wants--not long term instability. It's all a gamble, but a calculated one:
-- GEROMAN -- time will tell -  -- @GeromanAT
The EU has conceded to President Trump, offering zero-for-zero tariffs on industrial goods, ready to negotiate U.S. tariffs while strengthening single market and focusing on global trade in response to Trump’s measures.
It would be great to see both foreign and domestic production again...We have had a major BMW factory here for many years (began to teach us a German-optional class, rather than useless French, and on principal, to refuse Spanish, in high school).
The simple clause in Trump's speeches is "cars made in america". Simple : build here, put Americans back to work, no tariff, foreign or domestic ; with all things.
Just really have to adjust to accommodating (as we have, for many years foreign labor in construction and ag., and TECH (!)... and enforcing labor laws.
But the heavy lifting has usually been in building jets, tanks, artillery, rifles and rounds- keep smart investors at bay...killing people has always been "big business", of course.
The casino-folks will squirm a bit-but regular Americans will have good-paying JOBS (!!), OMG!
Doesn't BMW have a factory in SC and MB one in AL? I own a VW made in Germany, but a lot are made in Mexico--look for some deal to get them into the country without a tariff.
Yes, BMW in SC. Again yes, correct about Alabama, both close to same time-frame. My Dottir (RIP) worked at BMW for several years, as has my cousin, he's been there many years.
That's the whole point : we offered huge tax exemptions just to bring them here, and all kinds of auto-related industries boomed. And still are thriving, major contributions to a wide variety of auto-makers in innovation, everywhere....look up ICar for instance.
Very Proud of our tiny lil State, and our wonderful kids doing such great work, making great money, bracing up tax revenue...
Simple solution and-MAYBE!!- American manufacturers can get the Rust Belt back to work, harvesting and utilizing the abundant natural resources, right at hand, to get True Steelers' grandsons out of abject hopelessness and poverty, God willing (!).
The casino folks may begin investing in HARD, TRUE Labor again...
And, above all, Machine Tool Manufacturing HAS to be brought Home again...If not, it will really be a slow and steep climb
Great article, as always, Mark, TY!
With the hope that Mark does not object to use of his blog to post slightly-off-topic material ---
Very informative hour-long conversation Dimitri Lascaris w/ Israeli dissident journalist Shir Hever. Covered numerous topics:
-How Israelis used Elbit systems to entangle customer-states to force them to do Israel's bidding; i.e. force Greece, Italy, etc. to allow criminal Bibi to overfly.
-That Israel is US tool (the Wilkerson pov) rather than US is used by Israel (the Mearsheimer pov);
-that Israel is experiencing a serious brain-drain;
-that Israel's GDP #s are unreliable, since, i.e. tourism is Null but hotels are full, occupied by displaced Israelis, supported by Israeli state. ...
https://www.youtube.com/watch?v=aIuowPY6W50
The Elbit nexus reminiscent of Lockheed Martin - Israel interface: even before merger, in 1988 the nascent combine sent Hebrew-speaking employees to Israel for a year at a time to integrate Israeli and LM systems.
"The US plans to send & support the Saudi & UAE-backed mercenaries to try taking the coastal city of Hodeidah."
US Strategic Oil Reserves are still at a level of 1984
As all are aware Biden did a bit of a reduction in 2020 it was at 656,023
https://ycharts.com/indicators/us_ending_stocks_of_crude_oil_in_the_strategic_petroleum_reserve
So this IMHO is a good reason for the US to help the Saudis against Yemen, you may recall Saud US were bombing Yemen 2015 - 2022 and had to give up.
Doubtful US can attack Iran without oil reserves - appearances Saud throwing Palestine and Iran under the bus....?
Speaking of Saudis... look who's noticeably absent from the list... https://english.almayadeen.net/news/politics/iran-warns-neighbors-against-us-use-of-their-airspace-for-at
"Ever get the feeling you've been cheated?"
I can't remember ever, at least since about Bill Clinton when I started being halfway aware, that a new POTUS did not almost completely betray on much of what they said they stood for.
While Trump might be holding course (although with unexpected and jaw-dropping tactics) on MAGA domestically, his perfidity on Iran and Ukraine (yes, we are still using Ukrainians to kill Russians) gives one cause for unease on what the real end goals of domestic policy are.
Like, would we be surprised to learn that his associates had massively shorted the stock market about 10 days ago?
Fool me once, shame on you.
Ray McGovern:
Today is crucial. Netanyahu is getting the word from Trump [on Iran]. What that word is will eventually come out later today or tomorrow. And that's precisely when Russian, Chinese, and Iranian delegations are meeting in Moscow on the Iranian nuclear issue.
Must of been after the World Series champs Dodgers visit this morning to the WH. They probably shared some advice on balls and strikes I presume.
Reporting from various corners that WH has cancelled 2:30pm joint presser with Netanyahu.
Too much to hope for, actually. Turns out, they did jointly answer questions in a less-formal setting.
"The first wave of the American attack on Iran would be to destroy its air defense system."
"The second wave will be "decapitation" strikes"
The over/under on the 1st wave is ~6 weeks; the 2nd wave ~6 months.
Further, thinking about all the pension funds aligned to the stock market especially the Illinois Teachers Retirement System (TRS). RIP.
I’ll take the over. Way over
In a sane world, with sane leaders, yeah.
Yeh, and since the Dogs of War are historically known to be easy to control, there’s no way anything could possibly go wrong, right?
Check this out from Ellen Brown.
https://ellenbrown.substack.com/p/mckinley-or-lincoln-tariffs-vs-greenbacks?utm_source=post-email-title&publication_id=258676&post_id=160784849&utm_campaign=email-post-title&isFreemail=true&r=emrlc&triedRedirect=true&utm_medium=email
It now looks like Trump 2.0 was backed by some heavy hitters like the Zionists and Big Tech who are now using him as a puppet. He will throw us a few MAGA morsels - hey, the DoE has gone and a few guys with tattoos on their faces are being sent back to Mexico! - but that will be it. I'm increasingly of the opinion that we are in the Collapse stage of our civilisation. Someone like Trump was our last best chance to prop up the system, and he is failing. I wonder how many people here in the West are like me and are really rooting for Iran to give us a massive drubbing. It's been coming for a long time.
The Russians have done the job in Ukraine, the same way as the Taliban a few years ago.. Its a process..
Agreed. They did something we in the West can no longer do: come up with a clear and realistic strategy and follow it through to the end.
Old School
S-21...........yes, he was and it was obvious from the get go. He had Peter Thiel as a backer and he is of the Palantair company, which is a government backed military and security structure with Zionist leadership. They shifted their allegiance, for the moment to Trump. Trump has a new set of Zionist Oligarch's who want their turn to raid the American treasury and assume more power for themselves to make decisions that benefit their interests. Trump is a total puppet.
True, Cos. As someone commented elsewhere, the neocons are still very much there but the guest list is different. Well, let the chips fall where they may. I have a religious outlook on life and no matter how bad it gets, I know that goodness prevails - eventually!
What caused the Great Depression was the pressure from the Bank of England to raise US interest rates in order to repatriate gold from the US to Britain as preparation for WWII.
You can read about it here:
https://www.amazon.com/Our-Country-Then-Richard-Cook/dp/1949762858
Also see this from today:
https://montanarcc.substack.com/p/trumps-dismantling-of-hamiltons-debt
World war will destroy Trump, MAGA, and Israel.
https://www.zerohedge.com/markets/inevitable-just-sooner
https://www.zerohedge.com/political/uk-pm-starmer-make-stunning-admission-globalization-over
British Prime Minister Keir Starmer will soon declare something ZeroHedge readers have known for quite some time - the economic system championed by the international elite is dead and gone.
Mercouris’ latest video demolishes Starmer, defending his appraisal of him as a cross between a fanatic and a non-entity. First 15 minutes or so.
https://m.youtube.com/watch?v=oDRIIPJwF8E
It's always funny seeing the penny drop for these so-called "elites" when the plebs like us whom they despise saw it years ago.
What a spineless fop is Starmer! He’s been the cut-out or stand-in for globalism irself, continuing to preside over the decline and decay of Britain. And now he declares he wants to have a chat about tariffs w Trump?
He's the usual Davbot - no real world experience or interest in anything outside his privileged bubble. Carney is another one as are Merz and Macron.
https://www.zerohedge.com/geopolitical/french-business-leaders-reject-president-macrons-demand-divest-usa
Among them, or leading them, must be Bernard Arnault, whose LVMH is building a huge new flagship Dior “Maison” on 57th Street NYC. Another French CEO said he frankly could care less (“je n’ai rien à cirer”) what Macron said about disinvestment in the US. Pernod-Ricard is also building a distillery in Kentucky (coals to Newcastle?). As usual, Mac is all bark and no bite. But Trump may end up making deals, as is his wont, with individual EU countries, thus driving yet another wedge(s) between them.
https://www.zerohedge.com/markets/when-keynesians-predict-disaster-start-buying
I always get excited about a market correction when I read the Keynesian consensus predict a disaster. The same people who claimed massive money printing and soaring government spending wouldn’t cause inflation are the ones who know exactly how tariffs will impact aggregate prices. Fascinating.
In June 2016, sixteen Nobel Prize winners expected higher inflation from tariffs, and it never happened. Furthermore, many of those economists recommended enormous government spending and Federal Reserve quantitative easing in 2020, stating there were no concerns about inflation. However, this led to the highest inflationary burst in thirty years. Reality showed that there was no inflation in 2016-2019 and that the insane printing and spending spree of 2021 led to the current inflationary burst. This happens because many economic experts will always justify all government imbalances and tax hikes but raise alarm at any tax cut or supply-side measure. We should never trust experts that work painfully close to social democrat governments.
When Keynesians predict a disaster, it is unlikely to happen. When the Keynesian consensus tells you that there is no risk, as they did in 2008, run away.
The tariffs are “transitory.” The experts should be ok with that.
Even though he was a democrat, Harry Truman once remarked that if you placed all the economists in the world end to end, they’d still point in all directions. :-)
The bankers and money scammers have been for too long Keynesian devotees. the problem is that even Keynes recognized that government spending was to be short term only. We've been doing this off/on for the last 25 years (or more) and the low interest rates fueled the elites use of cheap money to expand their assets and wealth while savers lost ground.
Keynesianism is good old-fashioned Hamiltonian debt-financing designed to get the rich to buy into endless war. It worked for WWII real well and has never gone away.
You are right. I have always viewed "Keynesian economic theory" as a handy dandy label for justifying the actions of those who simply want to print more money under the guise of "fiscal stimulus" to meet each and every economic problem and downturn, in an endlessly promoted and supported Ponzi scheme of enriching the oligarchy and expanding the control of the government (in both U.S. and in Europe). The people who throw around that label by and large know nothing of Keynesian economics beyond its superficial utility for their desires.
Alas, countless people have suffered for decades under the regimes and fiscal spending of the "Keynesians" but hey, Paul Krugman made a grifting career out of it, so I guess that makes it OK. \s
"Navarro is a dyed-in-the-wool Hilary supporter…" Really!? I'm going to have to look into that!
Keynesian policies are not deflection, but misguided faith in a theory never proven to work for anything but short term results and only in crisis. Yes, there is a power structure and they've been making bank on cheap money for over 25 years while savers and others stood still or worse yet fell behind.
So, even as I was writing, developments? This is what Trump wants--not long term instability. It's all a gamble, but a calculated one:
-- GEROMAN -- time will tell -  -- @GeromanAT
The EU has conceded to President Trump, offering zero-for-zero tariffs on industrial goods, ready to negotiate U.S. tariffs while strengthening single market and focusing on global trade in response to Trump’s measures.
(so the tariff attack worked again)
EU needs to capitulate on agriculture too. EU markets closed to beef and pork exports based on hypocrisy's.
So the Euros cave again…looks as though they’ll also cave on Ukraine negos if they can just decide on who to send to Moscow…!