IN this Promethean update Mike Steger deftly outlines the problem with the so-called global free trade system that has left countries like Britain, Canada, France, Germany, Australia and the US as economically gutted versions of what they once were.
This problem has been covered up by mass migration programs that stimulate demand in the host nations, giving the illusion of growth, but creating problems such as housing inflation and homelessness – let alone the unwillingness of many migrants to culturally assimilate.
According to Steger, the Trump administration is attempting to reverse this by exporting “American System” economics around the world – which means protected manufacturing and industrial development in order to grow real economies, instead of those predominating now that are increasingly reliant on Chinese imports.
The American System of economy is basically the idea of national development of a sovereign nation state to its full capability, utilising human skills and advanced knowledge in heavy industry and manufacturing, supported by national bank credit and tariffs as a necessary revenue source to help young industries get off the ground.
By contrast, the global free trade model exploits the markets with the cheapest labor, sees tariffs as economic heresy and promotes the use of international banking rather than the national banking system Hamilton established called the Bank of the United States.
As we pointed out in a previous story in regard to Germany scaling back its renewable energy program (‘Green’ Germany does what One Nation says Australia should be doing) China has become the world’s leading manufacturing nation, largely due to it’s building of some 1200 coal fired power stations and copying western technologies, such as Elon Musk’s Tesla cars.
As noted by Steger, China didn’t have to steal Musk’s EV technology. They simply invited him to set up a factory in China based on cheap labour and a special land deal. Chinese engineers and designers simply walked in and out of the Tesla workforce, taking trade secrets with them to the BYD factory.
BYD is now not only China’s biggest electric and hybrid car company, it is growing rapidly as a major EV/hlybrid vehicle supplier in Europe, Australia, New Zealand, Canada and other locations.
Re: “How is it that brilliant men such as Musk cannot see this, or can they and this is part of the overall plan!?”
The latter, mate. The latter. Unless of course you think BRICS is a competitor rather than a replacement for the West’s industrial and financial system which is fatally mired in unrepayable debt and in its terminal phase.
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As in the past, another World War and the next Mother of All Depressions will usher in yet another gigantic global asset transfer in history for the ever more corruptly wealthy and powerful 0.1% brigade, !
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It will be the culmination of their millenia old, King of Kings Global Empire dreams and their Final Solution for the 99% profane infidels. Of course, sufficient slaves will be spared into service and entertainment. Total control and surveillance will prevail for time immemorial. Our fate is written in their Scriptures.
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Unless of course we see the light and the truth and brace ourselves for an Armageddon.
Hey folks,
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Does anyone else around here sense a bifurcation of reality?
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Super War Criminal Trump aka Peace President Ginger Nuts is busily demolishing the pillars of global industrial and agricultural abundance and dragging us all into famine not to mention wall-to-wall war crimes and Exercise WWIII, all to please his Vampire Masters and keep the lid on his paedophilic adventures all meticulously redacted and buried in the notorious Epstein files…
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… and yet we still have the fabulous 254-D Chess White Hat narrative that says he’s really SAVING us all from ourselves and those nasty Black Hats. Sure, Super Trump and all his billionaire bum-buddies are getting richer, no doubt about that, but what about the AVERAGE American and all the rest?
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It’s an economic MIRACLE unfolding before our eyes, folks, historically repeating cycles and the rise and fall of Empires no longer matter because “this time it’s different”! Have we heard that before? Anyone?
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Meanwhile, Martin Armstrong, who has a 100% PERFECT economic and geopolitical forecasting record spanning FOUR DECADES has been repeatedly warning that the USA won’t even EXIST within the next ten years or so, and China will become the undisputed financial capital of the world.
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Who you gonna believe, folks? Maybe look around and see how far down the S-Bend we are, and see if that’s slowing down at all. Maybe stand back a way and take in the big picture OUTSIDE the BS propaganda raining down on us from all sides.
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You have to make a CHOICE, folks, and take steps to save yourself and your family and friends. Like sliding down the proverbial 40-foot razor blade, if you don’t pick a side and take that leap of faith and get OFF that indecisive excruciatingly divisive TRAP, then you’re screwed. In any case, if you pick the wrong side to jump, you’re screwed anyway.
Anyone who’s got investment exposure in China understands that despite the yack, China’s economy has failed to recover from their suicidal industrial closure in 2020.
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What most fail to realise is that we’re in the finalisation stages of a new economy, led by America. This is why people cannot understand what the economic charts are actually telling them? The economy has now changed and the data has to read differently – in line with this change. Those who refuse to evolve and adapt will inevitably suffer the consequences.
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The amount of people running around squawking about market FUD is astounding to watch. They are being impoverished due to their failure in understanding how to navigate the extreme volatility of the new economy.
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It is because of these new economic conditions why the new FED Chair, Kevin Warsh has been tasked with the introduction of new data reading system. In his new role, Warsh will be installing a completely new inflation measuring gauge. This will be a real practical method, nothing like the previous academic models.
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Interestingly enough, this will be similar to the new metrics already adopted by pioneering private sector companies associated with the new economic era. It is also remarkably similar to the Linear Regression Fit of the BTC Power Law. Basically, Warsh’s so called ‘Trimmed Mean PCE,’ will remove the chart’s volatility bumps to follow the median trend. This is actually a far more accurate way of reading the data.
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Even now, you can see how those using the old metrics are misreading the data. So, whilst they’re completely overwhelmed with FUD, those who grasp the new economic measuring methods are fearlessly charging in. The new market trend is crystal clear.
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I just read: “Dreame, Chinese electronics giant, is the latest Chinese brand to announce its Australian entry, though the fledgling car maker isn’t worried about the influx of rivals, given the manufacturer’s focus on the local market. The way that we’re differentiating ourselves from the rest of the market is that speed to market, and the vehicles we bring to Australian and New Zealand roads are designed for Aussie and Kiwi roads. We are doing local testing”.
I hope Albo is allowing this, so it employs Australian workers & brings financial wealth into Australia first.
The average literate man on the street could have told you the China cannot be trusted. How is it that brilliant men such as Musk cannot see this, or can they and this is part of the overall plan!?