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Category Archives: Trade

Brexit Iceberg, Dead Ahead, by Tom Luongo

The Eurocrats and British Remainers are dancing on the deck of the Titanic. From Tom Luongo at tomluongo.me:

This is the attitude of those opposed to it. Any real separation of the U.K. from the European Union would result in a catastrophe which knows no bounds.

They have ratcheted up Project Fear to the point now of saying there will be food shortages and permanent supply problems for fresh fruit if a hard Brexit occurs.

Things like this defy all reason. They are based on the stupidest interpretation of how humans react to changing situations. It is like saying the only potential suppliers for the U.K. of certain fruits and vegetables are those from the European Union.

Because people don’t respond to incentives and there aren’t other suppliers ready to take up the slack if the Eurocrats keep their panties in a twist over this.

Parliamentary Deck Chairs

And yet, after another major session of Parliament in which Remainers were supposed to scuttle the entire process we see Brexit moving steadily towards its obvious conclusion.

The six amendments which were on the table yesterday ranged from virtue signaling about not wanting a No-Deal Brexit to parliament wresting control of the law-making process from the Government, over-turning nearly 40 years of tradition.

Four of them, all of the terrible ones, failed.

Because what finally happened is that these corrupt and venal MP’s finally ran up against the reality that they hold what power they have at the pleasure of the people they represent.

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Venezuela – A Case Of Socialist-Organized Theft, by Daniel Lacalle

Setting aside the issue of whether or not the US should be trying to force regime change in Venezuela, the economy there is a disaster and would be even in the absence of economic sanctions from the US. From Daniel Lacalle at dlacalle.com:

Much has been written about the economic disaster perpetrated by the Maduro-Chavez regime in Venezuela. The magnitude of it is simply difficult to match. A sad global example of how to destroy a rich country.

The mistake that many make is to think that this wreck has been caused by a combination of incompetence and folly. And they are wrong. The Venezuelan socialist regime has carried out the largest organized robbery in history and has done so with a perfectly designed plan.

The plan was always to expropriate the wealth of the whole country for the benefit of a few political leaders through plundering, destruction of currency and decapitalizacón of the state oil company

What has happened to Venezuela is not a disaster or a coincidence, it is socialism.

It is important to start by debunking the lies of the regime propaganda:

The nonexistent blockade. The United States is one of Venezuela’s largest trading partners. Trade between the United States and Venezuela in 2018 grew by more than 9%. Venezuela has bilateral trade agreements with more than 70 countries. Chavismo, like the Castro regime in Cuba, manipulates its followers by calling the sanctions against members of the regime and the fraudulent use of the country’s funds a “blockade”. The only blockade suffered by Venezuela is that of Chavismo against its citizens.

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Five Reasons Why the US-Led Crusade Against Venezuela Will Probably Fail, by Elias Marat

Maduro will probably remain in power. From Elias Marat at themindunleashed.com:

Events in Venezuela shook the world on Wednesday, with many left wondering if January 23 was the beginning of the end for the government of President Nicolas Maduro and the beginning of a new chapter of U.S. interventionism.

Here are five reasons why it’s unlikely that this latest drama in the South American nation is the “endgame” that the mainstream media is hyping up.

1. “Interim president” … who, what?

On Wednesday, amid massive anti-government mobilizations, the U.S. and a number of Latin American states – along with Canada and some regional organizations such as the Organization of American States – all recognized National Assembly leader Juan Guaido’s self-proclamation that he would thereby be the “interim president” of the Bolivarian Republic of Venezuela.

A relatively unknown 35-year-old member of the opposition-held National Assembly can’t simply snap his fingers and assume the presidency, even if he has the diplomatic nods of some powerful countries in the region or across the globe.

To illustrate the absurdity of the move, a comparison would be like Democrat House Speaker Nancy Pelosi responding to “not my president” chants at a Women’s March by declaring herself “interim President of the United States of America Commander-in-Chief of the U.S. Armed Forces” – with the consecration of Russia, Turkey, Iran and El Salvador. Such a move to recognize an unelected president as the legitimate leader of the country would fly in the face of the Constitution as well as international law – and such is the case in Venezuela as much as it would be in the U.S.

Guaido only entered the fractured world of opposition lawmakers – who’ve seen a carousel of leaders come and go – in 2015, and was only pulled from relative obscurity into the national and international limelight in the past couple months.

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Venezuela’s Great Dream Was Always a Scam… by Bill Bonner

The regime the US government is trying to replace in Venezuela hasn’t exactly covered itself in glory. It deserves to be replaced, although preferably by the actions of the Venezuelans themselves, not the usual US spooks and goons. From Bill Bonner at bonnerandpartners.com:

BALTIMORE, MARYLAND – “Soldiers revolt…”

“Millions on verge of starvation…”

“Biggest mass exodus in history of the Americas…”

What a glorious show! Right before our eyes… a real-life, real-time experiment…

…all the conceits… the pretensions… the balderdash… the claptrap…

…all laid out for the world to see. And now, stretched out in front of us like a drug dealer in the morgue, is a Great Dream busted up so thoroughly that there can be no doubt – it was a scam from the get-go.

You put a pot on the burner. Eventually, it boils. And Caracas was boiling last night. Earlier in the day, a direct challenge to Nicolás Maduro’s presidency. Juan Guaidó – president of Venezuela’s National Assembly – declared himself the legitimate president of the country.

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Will Globalists Sacrifice The Dollar To Get Their ‘New World Order’? by Brandon Smith

Globalists will sacrifice whatever needs to be sacrificed, including you and your family’s lives, to get their new world order. From Brandon Smith at alt-market.com:

Trade is a fundamental element of human survival. No one person can produce every single product or service necessary for a comfortable life, no matter how Spartan their attitude. Unless your goal is to desperately scratch an existence from your local terrain with no chance of progress in the future, you are going to need a network of other producers. For most of the history of human civilization, production was the basis for economy. All other elements were secondary.

At some point, as trade grows and thrives, a society is going to start looking for a store of value; something that represents the man-hours and effort and ingenuity a person put into their day. Something that is universally accepted within barter networks, something highly prized, that is tangible, that can be held in our hands and is impossible to replicate artificially. Enter precious metals.

Thus, the concept of “money” was born, and for the most part it functioned quite well for thousands of years. Unfortunately, there are people in our world that see economy as a tool for control rather than a vital process that should be left alone to develop naturally.

The idea of “fiat money”, money which has no tangibility and that can be created on a whim by a central source or authority, is rather new in the grand scheme of things. It is a bastardization of the original and much more stable money system that existed before that was anchored in hard commodities. While it claims to offer a more “liquid” store of value, the truth is that it is no store of value at all.

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China Overrated by Right-Wing Kooks: These Crazies Are Just Like Hitler, by Fred Reed

I spent a week in China last month, dealing with a drone company whose drones are far superior to anything American companies produce. Here’s news to those who say the Chinese can only copy. By definition you cannot copy something if what your building is better. The Chinese have the largest share of the drone market, by virtue of cutting edge technology. I was in Suzhou, which has 10 million people. It’s next to Shanghai, which has 24 million people. In my week in China, I didn’t see one fat person. Maybe a few pounds overweight, but they’d be considered normal, not even obese, here in the US. Everywhere I went, people were working, working, working. The US underestimates China at its peril. From Fred Reed at theburningplatform.com:

One often sees the silly assertion by right-wing extremists that feminists, social justice warriors, and other “cranks” are enstupidating American education. The purpose. according to these fascists, who are just like Hitler,  is “to make historically incompetent groups look competent.” The racism in these absurd claims is obvious. In particular such  Neo-Nazis say that mathematical education is being destroyed to benefit “retards.” This “dumbing down,” they say, will hand the future to China.

This is conservative drivel. Nothing suggests that China is gaining on the US in science and technology, except the evidence, and this can be ignored. It is particularly important to keep in mind that the Chinese cannot innovate, only copy American technology.

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Trump to Europe: You’re Vassals and I Don’t Care, a Strategic Culture Editorial

There’s nothing new in Trump’s attitutude towards Europe, he’s simply giving voice to the way America’s leaders have felt about Europe for decades. From the Strategic Culture editorial board at strategic-culture.org:

“I don’t care about Europe,” declared US President Donald Trump this week during his White House cabinet’s first meeting of the new year.

The American president probably revealed more about the true nature of US-European relations than he intended.

Trump was speaking in the context of American military involvement with Europe, as well as trade and other issues. He was reiterating the tedious mantra that the US is allegedly being “taken advantage of” by European allies by not spending more on their military budgets.

It was the usual rambling, barely articulate fallacy from Trump who portrays the inherent military profligacy of American corporate capitalism not as a destructive vice, but as a supposed virtuous cause of “protection” for allies and the rest of the world. In short, delusional American exceptionalism.

But it was Trump’s bluntly stated contempt for European allies that was notable. In a quip to a question about his reported unpopularity in Europe, the president said he didn’t care what Europeans think. A few seconds later, in a betrayal of his arrant egotistical state of mind, Trump turned around and claimed that he would be popular if he stood in an election in Europe!

Ironically, though, perhaps we should be grateful to Trump for his brash outspokenness. By dissing Europe with such contemptuous disregard, he lays bare the true face of Washington’s relations with the old continent.

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