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Figmund Sreud's avatar

Re: Trade Wars Begin

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Michael Hudson wrote a screed on this topic in more holistic way. Global view with a historical tint mixed right in:

The Road to Chaos – A Global Balance of Payments War

https://michael-hudson.com/2025/01/the-road-to-chaos-a-global-balance-of-payments-war/

… to whet one’s appetite to look at this more deeply, here is just one tiny, tiny snip:

” Trump is telling the rest of the world that they must be losers – and accept the fact graciously in payment for the military protection that it provides the world in case Russia might invade Europe or China send its army into Taiwan, Japan or other countries. The fantasy is that Russia would have anything to gain in having to support a collapsing European economy, or that China decides to compete militarily instead of economically.

Hubris is at work in this dystopian fantasy.”

As the article at one point clearly argues, ”The problem goes beyond Trump. He is simply following what already has been implicit in U.S policy since 1945.”

… fwiw,

F.S.

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Steve Martin's avatar

Hey John.

Can't read as fast as you can write, but found this because Meryl Nass sent me here.

That Potomac catastrophe does look suspicious, especially after reading your sleuthing here.

Yoku dekimashita!

Otsukaresama.

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