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President Trump Tweets Secretary Ross
Reevaluating EU Trade Deals….

Conservative Tree House, by Sundance

Original Article

Posted By:JoniTx, 3/12/2018 3:55:32 PM

Just a short post to reflect upon. We have consistently stated the #1 reason for opposition to President Trump is financial (ie. economic); “There are Trillions at stake“. 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 prior trade priorities was the U.S. middle-class. (Tweet) So ask yourself, friends and family this very important question: If prior U.S. trade policies resulted in the

      


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Reply 1 - Posted by: dvc, 3/12/2018 5:34:01 PM     (No. 11569761)

I had a quarterly meeting with my financial advisors this morning. As we went over the excellent results since early Dec, a lot of political and economic issues were discussed, too. They were very impressed with Wilbur Ross, not at all worried that Cohen was gone, and entirely unconcerned about the tariff situation. The wife and I earned more on our IRAs and other investments last year than when we were both working at highly paid jobs. THAT is a great economy, plus a lifetime of saving, and skilled advisors.

Their view was that the expected exchange rate adjustment which rebalances the trade imbalance situation (in an ideal, truly free market world money exchange market) has been short circuited by the Chinese currency manipulation of the yuan exchange rates, keeping them artificially low, causing serious distortions in the world trade balances. Tariffs, real or just as a hammer to get concessions from China, will help correct for the Chinese massive cheating on the currency markets if implimented, or force them to stop it, letting free market forces sort it out.

They were amazed at the performance of the economy since Trump was elected, and even if there was a huge correction now, the situation would still be sunny. They pointed out that the removal of destructive regulations is a permanent tailwind for manufacturing, and has not yet fully come into force.

Thank you, President Trump. My retirement is much more comfortable now than when The Zero was smashing our economy. I am sure that there are millions more in the same situation.

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