Free tradeFAGS get in here and debate Bannon.
Bannon on Trump’s recent action against China
Fuck Wall Street.
“Ask the working people in Ohio, Pennsylvania and Michigan about Wall Street. Wall Street supported and cheered on the export of their jobs. To hell with Wall Street if they don’t like it. Its time somebody stood up to them and Donald Trump is the perfect guy. Wall Street is always short term. Trump is trying to protect the beating heart of American capitalism — our innovation,” he told Reuters in a telephone interview.
Bannon, who maintains ties to the White House, said Trump’s recent moves to impose tariffs are a signal to the Chinese that “the game of continual delay is over” and that they will have to address the central issue of forced technology transfers.
And Fuck China.
“It’s full throwdown. Trump has planned this out for a long time. He led with the smart things, forced technology transfers. It’s obvious the Chinese have no real response to this. I think they played completely into his hands. By putting tariffs on agricultural products and avoiding addressing the technology questions they’ve shown once again they consider us nothing more than a tributary state.”
“This is the beating heart of American capitalism: Technology innovation that the Chinese have either stolen or forced American companies to turn over. Trump has signaled that those days are over,” he said.
Please provide a written rebuttal, no less than 200 words. Go.
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Bannon is a fag
Maybe true but he is OUR FAG!
Speak for yourself only.
Get outta here Sadiq.
horse barn + now trained engineer aplenty
/NQ just now kissing down trend from March 13
The honest men from Wall Street deserve an apology from the very bad man Bannon.
Anyone who wants to defend the free markets should go read Paul Krugman’s Nobel prize winning papers and then go read his own rebuttal of his research. Not that I’d recommend Paul Krugman’s work, just so you can go see what sort of rabid ideologs these free trade fags are.
Free trade is a scam by rent seeking bankers and industrialists who seek to preform wage, labor law, and environmental arbitrage at your expense, who have destroyed your middle class to raise the Chinese middle class out of the misery of their existence (unintentionally of course) and rake in fortunes while doing it.
Well, we agree on this.
+1
I always question models that claim shaving $0.02 off a gallon of milk is worth more than 100,000 jobs.
‘Free’ trade (as in no tariffs or other barriers) favors the small countries, actually. The ones that cannot be self sufficient, for the most part, therefore they must trade to survive. The ideology in it’s present form, I believe, is a post-empire propaganda construct of Great Britain and the City of London. It does not favor the United States.
What boggles my mind is that a number of prominent economic/investment bloggers (not Fly) staunchly support unfettered free trade and the international Gold Standard. The two concepts are mutually exclusive, when one understands how the international gold standard has actually worked.
Also annoying is the often claimed “how great the deal we have with China; we trade useless pieces of paper for things”. They fail to understand that those ‘useless pieces of paper’ represent a claim on American assets and particularly labor. Those so-called useless pieces of paper place American citizens today and generations going forward in the service of whoever possesses them.
Believing in the gold standard simply shows a lack of understanding of the history of the Eurodollar system. The whole world was off the gold standard decades before we were off the gold standard.
Gov’t bonds, those “useless pieces of paper” are very risky. Gov’ts can default or suspend debt w/ minimal consequences and will never be prosecuted. gov’t’s can cancel or inflate this confetti whenev3r suitable. If any allocation is into bonds, it must be into private bonds. Private companies do not have the luxury of behaving like criminals. Gov’t is legalized mafia and they behave like criminal mafia. Private companies can be run out of business and shut down. Gov’t just defaults, prints new currency and starts its criminal activity all over again. China has nothing, just confetti.
Stop reading Armstrong. The dude answers questions that he writes to himself.
Private companies go out of business or declare bankruptcy all the time leaving bond holders unpaid. When is the last time the US govt defaulted on a bond payment?
LOL. USG is a serial defaulter,
https://tinyurl.com/yc4kctk2
Devaluations/restructuring are defaults. Don’t let Willy Wonkas sugar coat that shit for you,
1790 – default
1873-1884 – default
1933 – default
I wouldn’t say it *favors* small countries. On the contrary, if you are in need of something and others know it, then don’t expect to get favorable trade terms. Free trade favors those that don’t *need* to trade – countries like the US that have world-class natural resources (fossil fuels, lumber, fertile soil, minerals, fresh water, etc.) and a large populatio. So big countries can get things at a discount. That’s part of the reason why an hour of Western labor will buy several hours of labor from Third World countries.
When it comes to the US, I do believe that free trade does benefti the *economy*. However, the benefits (lower prices) are distributed while the downsides (fewer jobs and lower wages for prodcution and extraction industries) are only felt by the working class. The rich get the added bonus of higher profit margins for thei companies.
When I say small I mean small in terms of GDP. For example China and Japan were would have been considered small relative to the United States from the industrial age to the 1980s.
By favors I mean that the idea is to get the large GDP (wealthy) countries to open up their system to ‘free’ trade. For example China and Japan have never wanted free trade; they just wanted the United States to adopt free trade.
I’d only point out that bonds have no more intrinsic value than gold and are significantly riskier due to it being a theoretical rather than a physical construct placing much more control in the hands of a few actors. Policy makers hate gold standards because it forces them to adhere to balanced budgets, that’s pretty much where the buck stops.
The duct tape bandaids are wearing thin
Libor
Vix
Trade
Rates
BACKBONE. DESTROY.
Inflation. The fed is raising the price of credit. They are good people with good intentions. They are here to help us.
Can I mark this Red Thumb & Fake News
The fed is looking out for the hard working American who certainly will appreciate it.
How are you positioning your portfolio for the downturn?
His crash and burn portfolio went to zero long ago. Now he’s just bitterly awaiting his I told you so moment.
Oh I think Bitcoin’s the play. Definitely the play. Bitcoin’s the play. Back at a 6 handle. Gotta be the next move up soon so I would put most of pension retirement kids college money into that right now
Everyone that ignored your “bitcoin is a bubble” call last summer is still up ~100%.
They’re not trading calls
It’s calling out bullshit and truth and charade
CAN YOU GET THAT THROUGH YOUR DUMB FUCKING THICK CHUMP SKULL
I SAID I BELIEVED THERE WERE ULTERIOR AGENDAS AND ACTORS
PURPOSEFULLY MOVING BITCOIN. ETC. ETC. GENERALLY WAS CORRECT
GET SOME FUCKING NUANCE DENSE APE
Most people here want to make money.
At least you admit you’re just here to tell stories.
The shriek of an irrelevant man… Wonder how much GS stock he still owns?
TJWP…. yup.. all those farmers who export goods under free-trade regs are driving Ferrari tractors. Now of course if you’d like to pay more for domestic goods so a few more steelworkers can keep their jobs until their bosses automate them into oblivion… be my guess.
You obviously know nothing of farming or farm supply chains or the debt cycle modern farmers are exposed too just to have a crop to plant next season.
That’s before you touch on the obvious need to subsidize agriculture for national security purposes.
Seriously dude, you come across as a massive fucking idiot, go read the papers and learn something for once, you libfags love to suck Krugman’s cock anyways.
Bannon is correct here. But I make more capital gains when we are selling our souls to the Chinese.
FUCK, YEAH ! I think I’m under 200 words.
Nuts
Bannon: blah blah, have another drink, blah blah.
I agree with him… for once.
And corpo america and wall street or call it what you will is knee deep in this. This is not China doing. China is only complicit in this. This is america doing it to itself and “the west”. To a larger extent this is the west developed world doing it to itself.
The worst part is that it’s not wall street paying for it. It’s local suppliers, makers of goods, factories, etc… in other words middle america, fly over country, pensylvania, ohio, what not. QC consultants are hired by vendors to meet Wallmart, Costco, etc (importers of chinese goods) to gather intelligence on our businesses and then give it to Asia manufacturors. PAID BY OUR FACTORIES. to export our knowledge to them to sell it back to us at a cheaper price.
THINK ABOUT HOW FUCKED UP THAT IS. and no one is doing anything about it. only the fucking orange gorrila.
Bannon is a catamount of the highest order. A vagabond who reeks of Cheez Whiz and still wears Garanimals.
Trump’s gambit only increases the price of the shit we buy and shrinks the demand of the stuff we actually make…
You guys do know that Wall Street is a fucking whore. Right?!
1. America did not sell its soul to China. American consumers chose to buy the lowest price stuff available. Given the choice between a $ 35 made in USA drill and a $ 20 made in China drill, most will choose the latter. Multiply that buying choice billons of times, and here we are.
2. Interesting Bannon mentions technology. Fair to say US technology is driven by the west and east coast states ? How do the working class in the fly-over states fit into this narrative?
MX
WRONG
Americans were targeted to become consumers.
USE.YOUR.BRAIN
Fly,
OK I will think about it from a larger perspective.
Who do you say targeted Americans? Do you mean advertising promoting goods and services? Or some other aspect?
Just think about this: why do all the tables you buy these days break within 5-10 years or one move and your grandparents have a dining table that’s over 150 years old.
This ain’t about free trade. This is about China flexing and Trump politicking.
So I say bring it on. Fuck the Trumpkins who will end up getting hurt more than anyone else because of the tariffs.
For the record, I announced yesterday afternoon that the bounce has commenced and I went long at ES 2560 early this morning (to be precise, 6h20m04.741s per MultiCharts trade log).
And I expect this bounce to move more than a couple percents.
I remember.
But for the record, you don’t have to post about it “for the record” when you already posted it on the record (although if you want to pat yourself on the back for your excellent timing, go for it).
Touche.
Lyndon. Where on earth did you ever get the idea that anyone here cares about your trades? Just like the boaster who brags about his isolated slot machine win, we know there’s more to the story.
You sound like a narcissist.
I am a narcissist. So is the POTUS.
And I win a lot; he doesn’t. He went bankrupt more often than most. Yet, he is a narcissist.
You’re welcome.
Here’s a good article on Trump, trade, and the market:
http://www.alt-market.com/articles/3389-trump-trade-wars-a-perfect-smokescreen-for-a-market-crash
its obvious that China got Usa-ed , via US-tech steal ; its obvious that china model is not reserch and invent create awesome(ness) and new tech from it .
its obvious that -no trump fan here..at all- the trump move is good for USA
Could you please re-post that in English for us plebs who don’t speak gibberish?
Never discount how odious and odd Steve Bannon actually is…https://www.bloomberg.com/politics/graphics/2015-steve-bannon/
Corporate America shuttered their American factories and filled their supply lines with cheap product from overseas, free trade or not. 100% of their focus is on short term shareholder returns.
Now, Korea, China and India make decent quality products, innovate freely, and have developed a deep infrastructure in their manufacturing sector, while the USA is in a death spiral.
Some tariffs can be part of the answer, but the real problem is the right wing refusal to help the poor raise their standard of living because of some stupid “ideology”.
Successful western societies provide everybody with a decent education and universal medical care, and don’t piss away fortunes on excessive amounts of national defense. They also levy enough taxes to keep the debt under control.