Day of Reckoning – Fat Tail Daily | Australian Markets
Even in a consensual democracy, the yoke of a police state by no means totally disappears, however it’s gentle…and managed by accepted guidelines. We all drive on the suitable…and get the place we’re going.
The Big Man retains getting greater.
And the previous conservatives…or what’s left of them…should be attempting to recollect…
Why was it that the founders wrote a structure? What was the aim of imposing guidelines…limits…restraints? How did they know what challenges a future POTUS would face? Reuters:
Trump takes over DC police in extraordinary transfer, deploys National Guard in capital
They should have had a cause…the founders, that’s. They wrote up a structure that may operate like a junkyard canine’s digital collar. The feds may go solely thus far…and no additional.
But at the moment, we have now a Big Man who can spend as a lot money as he needs…spherical up people and put them in jail — with out costs or trial…threaten international governments and international heads of state…bomb international capitals…sponsor two murderous wars without delay (one during which girls and youngsters are the principle victims)…and enact the largest tax increase in world historical past with no debate and no vote.
He growls and snarls…and bites the fingers that feed us all. But the place does it lead? The Wall Street Journal:
President Trump is imitating [the] Chinese Communist Party by extending political control ever deeper into the financial system.
Fortune:
President Trump has seized control of personal enterprise’s strategic determination-making and investment insurance policies whereas invading company board rooms in order that he could dictate management staffing, punish company critics, and demand public compliance together with his political agenda.
MAGA has gone Marxist and even, more and more, Maoist.
Pence, Bannon, Carlson, Owens, Rogan, Paul…and lots of others — they have to marvel, ‘Is this really what we signed up for?’
Even in a consensual democracy, the yoke of a police state by no means totally disappears, however it’s gentle…and managed by accepted guidelines. We all drive on the suitable…and get the place we’re going. The feds are supposed to remain of their lane too — as spelled out within the US Constitution. It tells our rule-makers how far they’ll go.
But come the election of 2024 and the Big Man appears to have slipped his collar.
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We are taking a look at what could or will not be an important fissure in Magaland. Traditional Republican conservatives nonetheless imagine within the Constitution. They additionally imagine in free trade, not trade managed by federal bureaucrats. They thought the Constitution backed them up:
No State shall, with out the Consent of the Congress, lay any Imposts or Duties on Imports or Exports…
No severe economist favors tariffs. And considerate people can’t help however discover that the tariff edifice is constructed on false premises. Kenya Times:
Trump’s Tariffs Mean ‘Massive New Taxes’ on Americans, Chamber of Commerce Says
Americans pay for them, not foreigners — as Mike Pence identified yesterday. They are a tax on US shoppers, not a present from abroad. And they may raise costs in addition to deepen the swamp. Lobbyists search delays, exceptions, and changes — and get them.
That is one other function of form shifting Big Man authorities. There are no guidelines that may be utilized evenly and pretty. There is simply deal making, Deep State lobbying…and what you will get away with.
Also within the news was this from the Independent:
President Donald Trump prolonged a trade truce with China for one more 90 days Monday, delaying as soon as again a showdown between the world’s two largest economies.
China’s place because the world’s main purveyor of strategic metals pressured the Big Man back down. Asia Times:
Lithium price bounce exposes China’s chokehold on provide
CATL battery maker’s Yichun mine shut down spikes international costs as Beijing clamps down on aggressive markets.
Weaker nations weren’t so fortunate. Poor little Switzerland faces a 39% price. What did it do flawed? And India is up in opposition to a 50% tariff. AOL:
Higher Tariffs On India May Be Driving Crucial US Ally Closer To Russia, China
Indian Prime Minister Modi hastened to Beijing the day after Trump introduced his tariff hit.
And now…Carlson, Owens et al should be questioning, as we’re…is there any more efficient technique to drive the world’s most populous nation to make common trigger with China…
Or to organize a late, degenerate empire for its day of reckoning?
Regards,
Bill Bonner,
For Fat Tail Daily
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All advice is basic advice and has not taken into consideration your personal circumstances.
Please search unbiased financial advice relating to your own scenario, or if doubtful concerning the suitability of an investment.
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