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Tuesday, July 17, 2018

Trump-Putin Helsinki Meeting: Major Screw-up or Left-Wing Hype?


Poor Man Survival

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A Digest of Urban Survival Resources
 
 

What It’s Like to Hit a Brick Wall Again and Again

I don’t trust the Deep State, the media, the Democrats or many in Trump’s own party…they all slammed him after his meeting with Putin.  One cretin Dem even called him a traitor but they never outed Hillary as a traitor after she facilitated the sale of 20% of US uranium to Russians or when she lied about Benghazi…

Dumb and dumber sound off…
“Songbird” McCain Blasts Trump Meeting With Putin as “Disgraceful” as Treasonous John Brennan Calls on Republicans to Impeach Trump


 

The Openly Left-Wing Periodical Post had this to say…

The Washington Post’s Editorial Board said“Trump Just Colluded with Russia” in an Editorial published hours after the meeting in Helsinki ended.  The Post wrote ‘In Helsinki, Mr. Trump again insisted “there was no collusion” with Russia. Yet in refusing to acknowledge the plain facts about Russia’s behavior, while trashing his own country’s justice system, Mr. Trump in fact was openly colluding with the criminal leader of a hostile power.”

[Note: I still maintain the Left –Hillary, Comey, the Media, etc. & many of Trump’s foes inside his own party will paint the most negative picture they can from this meeting as possible while ignoring the good the President has done in N. Korea and our biggest threat: CHINA!]

Since coming to office, Donald Trump has demanded that China address its blatant theft of U.S. intellectual property, its gross trade surplus with the U.S., and its many stealth barriers to American goods.

But he just keeps hitting a brick wall.

After the U.S. levied 25% duties on $34 billion worth of Chinese goods last Friday, Beijing retaliated with similar tolls on the same amount of imports from the U.S.

But now, Trump has upped the game, announcing tariffs on another $200 billion worth of Chinese products.

That’s far more than the TOTAL U.S. exports to China, which were only $127 billion in 2017. It means that China has NO WAY to retaliate against the latest U.S. tariffs without resorting to other weapons.

And sure enough, a statement this week from China’s Commerce Ministry made precisely that point: It said China has no choice but to take other “necessary countermeasures.”

All the Chinese leadership has to do is utter one four-letter word:

SELL!

And this word alone is a surefire weapon that could bring America’s most critical financial market to its knees: the U.S. government bond market.

The U.S. government now has over $20 trillion in debt, mostly raised by selling Treasury bonds and other government securities.

And outside of the Federal Reserve itself, China is now THE single-largest owner of those bonds: $1.19 trillion worth. In other words …

The U.S. has allowed China to 
become its BIGGEST BANK!

I’ll give the President credit-he’s the only one that has stood up to the ‘sleeping bear’ despite whining from the media about calls for the “sky is falling.”  Yes, there will be pain in the short run, but this is medicine sorely needed by this nation!

President Trump has done a phenomenal job and never in my lifetime have I seen a President who has accomplished as much; appointing a Supreme Court Justice, Deregulation, Tax Reform and now a historic summit in North Korea leading to pending Denuclearization, all in his first two years in office. Trump is fulfilling his campaign cornerstone promises of Making America Great Again.

Lest we forget the "wreckage of our past" & the previous administration's 8 years of weak foreign policy, unfair trade agreements, the Iran Nuclear deal, Obamacare and ultra-loose monetary policy! The previous administration quadrupled our money supply, artificially suppressed interest rates to near 0% and as this administration perseveres forward, as Trump stated, "there will have to be some pain ahead in restoring America's Greatness" and instituting his pro nationalist agenda while dismantling the globalist agenda he adopted. That's why this election cycle is critical. If Trump loses congress, we could see Obamacare resurrected, prolonged fights with Trump weakening our economy and the undoing of several international policies that Trump has corrected. Do you really think Pelosi or Sanders would ever put America in a world of globalization? If liberals gain congress in October, you'd better watch your savings.

Trump will have to impose tariffs and initiate trade wars, raise rates as we watch our economy grow and unemployment claims drop to historic lows. Inadvertently these steps also adversely affects this historic bull run we've experienced in stocks. It's a lot like his properties around the globe, he had to implode the previous structures built on substandard foundations in order to build majestic skyscrapers bearing his name.

Unfortunately, there are risks in the global economy, pulling out of the Nuclear Agreement with IRAN, we now have IRAN, Venezuela, Saudi Arabia and China waging a WAR on the US DOLLAR with the introduction of the PETROYUAN and the Shanghai Exchange making the YUAN easily convertible into GOLD

Democrats are no longer Democrats…

C. Bradley Thompson, assistant professor of political science at Ashland University wrote in 1993, Socialism's teaching on self-sacrifice was nicely summarized by two of its greatest defenders, Hermann Goering and Benito Mussolini. The highest principle of Nazism (National Socialism), said Goering, is: "Common good comes before private good." Fascism, said Mussolini, is "a life in which the individual, through the sacrifice of his own private interests... realizes that completely spiritual existence in which his value as a man lies."

Governments, bureaucrats and politicians look upon the public as a herd that should be deceived and led for the benefit of government and the elite. By and large it works because the vast majority of Americans go along with the system — a system which is just a form of legalized theft and government-sanctioned slavery and plunder.

Again from Professor Thompson: Under socialism there are built-in incentives to shirk responsibility. There is no reason to work harder than anyone else because the rewards are shared and therefore minimal to the hard-working individual; rather, the incentive is to work less than others because the immediate loss is shared and therefore minimal to the slacker. Socialism rewards sloth and penalizes hard work.

When politicians utter the word democracy, they are using a code word that signifies their total allegiance to the state. They are using mass hypnosis to manipulate the people against human liberty and private property.

The morality of socialism is easily summed up in a few words: envy and sacrifice based on a phony and coerced sense of altruism.


RELATED NOTEWORTHY NEWS

The basics of defending yourself with a pistol. In these crazy times, I believe that every Natural News reader needs to strongly consider the importance of lawful self-defense.

The video series is visually stunning and highly entertaining as well. Watch it at this link.

DOJ Finds ‘Parents’ Of Kids Taken At Border Are Child Abusers, Kidnappers, Murderers, Not Actual Parents



FCC Now Charging Consumers $225 to File a Formal Complaint


 

Best/Worst States for Retirement


Bankrate has come up with a ranking of states from best to worst for retirement. They considered cost of living, crime, culture, health care quality, taxes, weather, and more. In this study, South Dakota came in first, and New York got no love in 50th place.

 


Bruce the Poor Man & Contrarian

 

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7.       Knowing When and How to Stockpile Groceries
Stocking up could save your grocery budget!

 

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Thursday, July 12, 2018

Buy USA-Trump's Trade War, Long Term Benefits

Poor Man Survival
Self Reliance tools for independent minded people…
ISSN 2161-5543
A Digest of Urban Survival Resources
 
 
 Unintended Consequences-Trump’s Trade War a Good Thing in the Long Run?
   The United Stated States has long been “spoiled” with cheap imports from China sold through Walmart and other retailers.  US importers of these often poorly made goods did benefit as distributors and a fair amount of low-paying jobs resulted at the retail and distributor end of our service sector and of course, China made out manufacturing shoddy goods and in some cases, dangerous goods which Americans purchased [remember the Chinese-made pet foods which were killing family dogs and cats? Or mold-filled wall board from China used by builders in southern states after hurricanes in the last decade?]
Let’s not forget how much technology the Chinese have stolen or hacked or were given from US firms since Bill Clinton was in office…done so in order to boost their military to dominate the South China sea and to compete with our own military!
Personally, our family has ALWAYS avoided purchasing anything made in China whenever possible especially any food product and that especially includes seafood.  As “preppers” and being frugal, we buy second-hand whenever practical.  We consume a bare minimum of soft drink and zero beer [when we do purchase it, we purchase it in bottles for our guests]…
BUY AMERICAN
What I am suggesting is that our family will likely not be affected much by the trade war.  In the long run it is our hope this strategy will encourage more American firms to begin producing again.  The Left-wing news has featured farmers worried about soybean crops no longer selling as much internationally, for instance.  This is an important crop where we live in MI.  China is not the only nation which buys this multi-purpose crop and China needs this plant and will have to buy it sooner or later.  China has always purchased less from us and imposed higher tariffs on US products and more restrictions than the United States has imposed which is one reason why we have such high trade imbalances.
Short term there will be pain, long term, this is something I believe our nation has needed but we’ll see if both countries have the cajones to stand up to each other or if public pressure here will make the president back down…Here’s another reaction to this from a long time writer:
 
 
President Donald Trump's trade war is starting to hit American consumers right in the pocketbook. It's also beginning to take its toll on U.S. business and industry. 

That's the natural outgrowth of protectionist trade policies. Tariff is just another word for tax. Trump claims the result of the tariffs may be more goods manufactured in America and fewer overseas, and by extension, more jobs. But it's only true in Trumponomics. It's never happened in real life and it's not happening now. 

What we're seeing is small manufacturers are getting hit hard and American workers are getting laid off. 

And prices on products are going up because of the price of the tariffs being added to imports; and because it costs more to make goods in America due to the greater regulatory and tax burden. 
Trump Boils Maine Lobstermen – The Wall Street Journal

Mr. Trump's unilateral tariffs are about to erode the price advantage of American lobsters. After the U.S. announced on June 15 plans to impose a 25% tariff on $50 billion in Chinese goods, Beijing retaliated with a new 25% tariff on American seafood, farm products and autos, effective July 6. That's on top of the 10% to 15% tariffs China already imposes on U.S. and Canadian lobster. 

Meanwhile, on July 1, China's tariff on Canadian lobster will drop to 7%. "I suspect that will virtually wipe out my company's Chinese sales," says Tom Adams, CEO of Maine Coast Company, a lobster dealer… "What happens if we lose 30%, 40%, even 50% of our market share?" he says. "We have to keep paying the bank for that borrowed money. If we do have an impact in sales, it's going to have a direct impact on jobs. That's the only way we reduce our expenses. I hope that doesn't happen. And to date we haven't laid anyone off." Mr. Adams adds that if the trade tensions don't abate, he would consider moving some of his operations to Canada. 

Southeast Missouri nail company gets hammered by Trump's tariffs – Missourinet 

President Trump's tariff on steel imports that took effect June 1 has caused a southeast Missouri nail manufacturer to lose about 50% of its business in two weeks. Mid Continent Nail Corporation in Poplar Bluff – the remaining major nail producer in the country – has had to take drastic measures to make ends meet. The company employing 500 people earlier this month has laid off 60 temporary workers. It could slash 200 more jobs by the end of July and be out of business around Labor Day. 

Trump's aluminum tariffs are hurting US brewers: Beer Institute CEO -- CNBC 

James McGreevy, Beer Institute CEO, argues that Trump's aluminum tariffs will cost American brewers an additional $347 million and more than 20,000 jobs could be lost in industries involved in the beer supply chain. 
Utah companies suffer at the hands of Trump tariffs on steel -- KUTV.com 

"Jack's Ornamental Iron, another Salt Lake City manufacturer, saw its steel cost jump 20 percent in less than two weeks," Hatch told Commerce Secretary Wilbur Ross during the meeting. 

Hatch also sighted issues at another Salt Lake City business, Bish's Steel Fabrication and Manufacturing, saying the company has watched as their business has gone dry within weeks. 

"The company tell me that contracts for future work have all but dried up," Hatch said in the hearing.

Look at the image below, from the Chamber of Commerce. It shows the amount of each state's exports impacted by the trade war. Trump is hitting his base right in the pocketbook.  
 
 
And David Stockman notes that Trump's trade war will add a 10 percent tax on household items like vacuum cleaners, air conditioners, suit cases, leather goods, glass and glassware, tools and cutlery and the like. Tariffs are a protection racket for big business that stifle competition and reduce the number of choices consumers have. There is nothing free market about tariffs. They are cronyism, also known as corporatism or fascism. 

Trade deficits, which seem to sit in Trump's craw, are a non-issue. Economics professor Richard M. Ebeling explains why

Additionally, wars have been started over tariffs. A Revolution was started over tariffs. Tariffs was one of the flash-points that led to the American war of Northern Agression. 
Bob Livingston
Editor, The Bob Livingston Letter™
P. S.  We stopped buying Oreo cookies once they closed their plant in Indiana & shipped those 400 jobs to Mexico…we din’t to support them nor did I need the calories!
Q. Several sites offer ‘Made in America’ selections…do your own search or try this site: https://www.madeinamericastore.com/
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Yours for smarter living,
Bruce ‘the Poor Man’
 
 
Additional FREE Resources
 
How to Survive the War on the Middle Class
14 of the best reports I’ve assembled on protecting your freedom…Here is the download link.
Other notes of interest…
 
Living Frugally In Suburbia 
You live differently than your neighbors.
 
 
14 Frugal Food-Rescuing Tips from Grandma 
These depression-era frugal tips still work today!
 
8 Simple Ways to Put More Money in Your Pocket 
Have more money without working harder!
 
 
Knowing When and How to Stockpile Groceries 
Stocking up could save your grocery budget!
 
Small homes are all the rage. But just how much does a tiny house cost? We have the answers, along with an analysis of how much money you can save living in a tiny home.
 
"Chances are your home is the most expensive thing you’ve ever bought. Yet if you’re like most of us, what you spent to acquire it is only the beginning...Here are six smart projects that almost entirely pay for themselves in resale value."
 
 
Contributors and subscribers enable the Poor Man Survivor to post 150+ free essays & free reports that I provide annually. It is for this reason they are Heroes and Heroines of New Media. Without your financial support, the free content would disappear for the simple reason that I cannot keep body and soul together on my meager book sales & ecommerce alone.  You can make a donation at top of this page via PayPal.
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Support our efforts by shopping my storefront…
 
 
 
 
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