Europe in Big Do-Do
Europe is in poor shape. It has a decreasing/stagnant GDP, stagnant real wages, major civil unrest, and tens of millions of incompatible, subversive, walk-ins, who will undermine, instead of fight for traditional European values and culture.
Euro elites, having lost the wind/solar “climate war”, need a new enemy to distract and unify the people.
Euro elites doing Russo-phobic, saber rattling to aid Ukraine is empty posturing, without the US “backstop”
Russia, with a growing GDP, despite sanctions, a unified people, gaining on the battlefield, would just roll over and play dead?
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Trump would be an idiot to agree to prolonging the Russia-Ukraine conflict with the US “backstop”, as demanded by the UK, because it would be a major drain on US finances for years, and a huge distraction regarding MAGA.
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However, the Deep State and in Congress, most Democrats and some Republicans would love it.
Musk is getting close to divulge how many of these Members of Congress are outperforming investment professionals on Wall Street. They have no problem defending/financing corrupt Ukraine, an undemocratic state, where:
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1) Elections were canceled (also in Rumania), or stolen (also in Moldova), and Le Pen was sidelined in France
2) The Russian Orthodox Church was banned,
3) Political opponents were silenced/tortured/killed,
4) The USAID-subsidized pro-Ukraine media were put under total government control, “because of martial law”
Germany, the UK, France, etc., are in Chaotic De-growth Mode
Their Euro elites are forcing populations to put up with, and pay for, tens of millions of unvetted walks-ins, who make minimal contributions, cause maximal pain, crime and chaos, all while sucking from the government tit. Spending 5% of GDP on defense plus Net-Zero green stuff, will be accelerating de-growth
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The woke elites in Europe and the US are pre-maturely closing, already-paid-for, in-good-working-order, nuclear plants.
The woke elites have banned 1) oil and gas fracking projects, 2) gas/oil pipelines, 3) gas/oil storage systems near power plants, and 4) new energy exploration projects, as part of "leaving it in the ground"
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The US should not bail out Europe by exporting its valuable coal, oil and LNG.
The US should use them to make more products and services for domestic use and exports.
That way the US would reduce imports and increase exports, which would rapidly decrease our decades of wealth/job-sucking trade deficits, and would employ tens of millions of additional US workers, which would strengthen families and communities.
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The very important results of DOGE are not reported by the leftist, USAID-subsidized, Corporate US Media, but the criticisms of DOGE are reported 24/7/365.
The people in New England, the US and Europe are permanently kept in the dark, already for at least 5 decades, or more.
The Social-Media, by gaining eyeballs, is quickly ending the Corporate-Media monopoly, which is losing eyeballs.
But the Euro elites are hell-bent to put social media in straight-jackets ASAP, because they provide a public forum for free speech.
Trade Deficits, Balance-of-Payment Deficits, Debt
Trump is trying to reduce 50 years of trade deficits and balance-of-payment deficits.
Trump is trying to reduce decades of waste fraud and abuse in the federal government, which leads to deficit spending, due to no controls, computers not talking to each other, ancient software systems.
Trump is trying to undo the open border bull crap, DEI bull crap, gender bull crap, etc.
Without a doubt, this means stepping on many people’s toes.
Would you rather have 10 years of 1930s-style depression?
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Deficit spending and printing Treasury bonds to “paper” the deficit is inflationary, because that “out-of-thin-air money” comes with an interest rate and a national debt.
Right now, the interest on the national debt is more than ONE $TRILLION PER YEAR.
That interest is “paid for” with printing more Treasury bonds to “paper” the interest.
On and on it goes, whistling past the graveyard, stretching the rubber band.
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Very often, many of our wealth/job-sucking trading “partners” use the money of their trade surpluses to: 1) buy Treasury bonds, 2) buy US companies, 3) invest in their own export industries to increase exports, 4) pay benefits to retirees, etc.
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Example of “Rules-Based” Rip-Off
Trading partners charge high prices for auto parts sent to Mexico, then assemble these “expensive” parts in their Mexico assembly plants, then ship whole cars to their dealerships into the US, DUTY FREE.
That way minimal tax is paid on near-zero profits reported in the US, maximum profits are reported in home countries, and maximum taxes are paid on these profits to home governments. Our trading “partners” love this racket.
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All of that has nothing to do with “quantitative easing”, i.e., the Federal Reserve declaring it has money, which it loans to banks and other financial entities that over-extended themselves on issuing dubious loans, such as MBOs, etc.
The US is in very deep debt-do-do. Trading “partners” aim to keep the US in its do-do, while professing “to be helpful”.