A timely book by Peter Schweizer, “Secret Empires”, explains how Chinese companies purchased U.S. politicians to gain trade advantages, aka the Beltway Swap. When you understand this process, you better understand why those same politicians today are against the Trump trade policy that is antithetical to their purchased interests.
Reminder: U.S. Chamber of Commerce President Tom Donohue is warning President Trump not to take any trade action against China or he will unleash his purchased control agents within congress and financial media to destroy his presidency.
Allow me to re-emphasize:
All opposition to President Trump stems from the underlying financial and economic policy. All opposition is about money!
When you ask the “why” question five times you end up discovering the financial motive for all opposition. It doesn’t matter who the group is; the opposition is ultimately about money. There are trillions at stake.
Donohue takes-in hundreds of millions in payments from multinational corporations who hold a vested interest in keeping the U.S. manufacturing economy subservient to China. The U.S. CoC then turns those corporate funds into lobbyist payments to DC politicians for legislative action that benefits their Chinese trade deals. The U.S. Chamber of Commerce is the #1 lobbyist in DC; there are trillions at stake.
Wall Street’s famous CONservative mouthpieces then take their cues from Donohue and decry any Trump trade policy that might impact their multinational benefactors. They hide behind catch phrases like “free trade”, or “free markets”. However, what they are really hiding is the truth, there is no free market – it is a controlled market. It’s a circle of trade and economic propaganda driven by the most well known guests that appear on Fox News. Ben Shapiro is one such example; there are hundreds more.
WASHINGTON (Reuters)– The head of the most influential U.S. business lobbying group warned the Trump administration that unilateral tariffs on Chinese goods could lead to a destructive trade war that will hurt American consumers and U.S. economic growth.
U.S. Chamber of Commerce President Thomas Donohue said in a statement on Thursday that such tariffs, associated with a probe of China’s intellectual property practices, would be “damaging taxes on American consumers.”
His comments came after White House trade adviser Peter Navarro said that Trump would in coming weeks get options to address China’s “theft and forced transfer” of American intellectual property as part of the investigation under Section 301 of the U.S. Trade Act of 1974.
Reuters reported on Tuesday that Trump was considering tariffs on up to $60 billion worth of Chinese information technology, telecommunications and consumer products, along with U.S. investment restrictions for Chinese companies.
Donohue said the Trump administration was right to focus on the negative economic impact of China’s industrial policies and unfair trade practices, but said tariffs were the wrong approach to dealing with these.
“Tariffs of $30 billion a year would wipe out over a third of the savings American families received from the doubling of the standard deduction in tax reform,” Donohue said. “If the tariffs reach $60 billion, which has been rumored, the impact would be even more devastating.”
He urged the administration not to proceed with such a plan.
“Tariffs could lead to a destructive trade war with serious consequences for U.S. economic growth and job creation,” hurting consumers, businesses, farmers and ranchers.
In Beijing, Chinese foreign ministry spokesman Lu Kang said Donohue’s comments were correct, adding that recently more and more American intellectuals had made their rational voices heard. (read more)
Everyone admits the past 40+ years of U.S. trade deals have resulted in the massive export of U.S. wealth via jobs and manufacturing gains within other nations. The financial beneficiaries of those prior trade positions were: Wall Street, multinational corporations and multinational banks.
The losers of all prior trade priorities was the U.S. middle-class. This point is inarguable, just look around. Stop the nonsense and quit listening to those who control the markets.
So ask yourself, friends and family this very important question:
If prior U.S. trade policies resulted in the export and redistribution of U.S. wealth… What happens when you reverse the process?
In the answer to that question you discover the opposition to U.S. President Trump.
When Main Street economic principles are applied Wall Street will initially lose. There’s no way for this not to happen. Most of Wall Street is built on the Multinational platform of economic globalism. Weaken the grip of the multinational corporations and financial interests on the U.S. economy and Wall Street will drop… this is not difficult to predict. This is also necessary.