https://www.youtube.com/watch?v=0kMdneRTdTw
Elect A Clown - Expect A Circus |
Wake
up, America! You are doomed if you allow Trump to continue his
presidency. It is clear that he may be one of the best liars and
deceivers in history, rivalling only Hitler; but it’s still
troubling as to why he is allowed to remain in office?
This man is clearly unwell, and for the sake of the nation, he should be removed from office as soon as possible.
I don’t buy into the bizarre theories from individuals such as James Key and other conspiracy theorists on platforms like YouTube, who claim Trump is the Antichrist.
For the good of the entire world, we need to get rid of him quickly to prevent any further damage than what he has already caused.
Right now, he is making Richard Nixon seem like a Sunday school teacher, and yet Nixon was removed from office for actions that don't even compare to Trump's self-centred grandiose dreams.
He blinked. Not since the Cuban missile crisis in 1962 has an
American president engaged in such a high-risk, high-stakes game of
chicken with the future of his nation and the world.
In that lost era of American leadership, John F. Kennedy faced down the Russians and emerged victorious. This week, Donald J. Trump attempted to confront China, the European Union, and, most foolishly, the capital markets. He lost.
Trump may or may not have envisioned himself in a highfaluting global poker match, but either way, he folded. He is left with his credibility in shreds, an unwelcome reputation for being even more unpredictable than previously assumed (an impressively perverse achievement), while the two largest economies in the world remain locked in a situation even worse than a trade war.
Absurdly high tariffs exceeding 100 percent on both sides have effectively frozen trade in physical goods between America and China. This will hinder economic progress for at least the next few months.
There is no successful spin that can reframe the events of the past week; it was an unmitigated disaster. The capital markets have rebounded, but only after experiencing a brief but severe bear market. Confidence has been drained from the world economy, and investors, businesses, and households remain in a state of post-traumatic stress, despite the palpable relief.
Some, like Mr. Trump’s loyal supporter Scott Bessent, appointed as Treasury Secretary, claim with straight faces that this was all part of a grand plan by President Trump to "goad" the Chinese into a corner and force them into a deal. However, this implausible narrative is contradicted by the president himself, who emerged from the White House to shrug off his capitulation. He conceded that he changed course due to the reaction in financial markets, especially with U.S. Treasury bonds: “You have to be flexible… I thought that people were jumping a little bit out of line. They were getting yippy. You know, they were getting a little bit yippy, a little bit afraid.”
This is the "Trump put," a policy correction prompted by market volatility that we have observed during various crises in his first term. It is once again necessary to save the world economy from the ever-present danger of a blunder leading to a "Trump Slump."
Recent days saw some strong discipline applied to the White House by the “bond vigilantes,” and after some windy reluctance, the president eventually complied. If only he were as obedient to the courts and the provisions of the Constitution of the United States.
President Trump lacks the self-awareness needed to recognise that his reflections on his tariff fiasco come off as satirical. “No other president would do what I did,” he proudly declared. He was correct; no other president in history would have been so foolish. He has deliberately taken a strong economy and subjected it to the punishment he has inflicted since returning to office. The 45 men who served before President Trump faced wars, depressions, inflation, riots, and countless crises, but none has intentionally caused such harm to the living standards of Americans and to the world economy.
None of them would have been so naïve as to instruct the Chinese leadership to call them first for negotiations while simultaneously boasting that world leaders were lining up to "kiss my ass." President Xi, as Mr. Trump correctly noted, is a proud man who seeks a way to strike a deal. Why insult him? Why allow the vice president to demean “Chinese peasants”?
China—unlike Denmark, Panama, or Ukraine—is far too large to be bullied by the U.S. It may lose around $500 billion in export earnings soon, but that is also half a trillion dollars that will not be lent to the U.S. Treasury to keep the federal government afloat. That is the reality of globalisation and America's reliance on borrowed money and a vigorous world economy to fund its large twin deficits: the federal budget and international trade.
“Panicans,” Mr. Trump called those who doubted the ability of tariffs to rebalance these deficits and make America wealthy again. These voices appealed to reason and the political damage he was causing to Republicans. They were being rational. In the end, however, it was he who panicked, and for that small mercy, we should all be grateful.
We have known for a considerable time that Mr. Trump is not always a man of his word. We also know him to be a threat to constitutional governance, continually testing the limits of his powers and pushing his luck. He has survived multiple legal challenges, packed the Supreme Court, appointed what many see as the most unworthy and unqualified cabinet in history, captured the Republican Party and turned it into a personality cult, ignored Congress, suppressed the media, and generally behaved disgracefully in the office he holds.
He has betrayed allies and forfeited trusted allegiances. In around 80 days, he has dismantled the international frameworks that uphold global stability.
Blessings
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