RUTHFULLY YOURS

http://www.atimes.com/writer/david-p-goldman/

The United States starts a tariff war with China. Japan and Germany jump at the chance to gain market share in China’s booming auto industry and boost their capacity in China, the world’s fastest-growing passenger car market.

The United States imposes sanctions on Turkey. Germany announces that it will offer economic aid to Turkey, Qatar pledges $15 billion in new investment and a $3 billion foreign exchange swap line, and Chinese banks provide billions of dollars in new loans to the cash-strapped Turks. Chinese commentators declare that crisis is a great opportunity to integrate Turkey into China’s “One Belt, One Road” strategy.

US President Donald Trump chides German Chancellor Angela Merkel for buying Russian natural gas through the Nord Stream II pipeline. Merkel summits with Russian President Vladimir Putin and confirms the pipeline arrangement, and also strikes a deal to aid the reconstruction of Syria in cooperation with Russia.

The United States imposes economic sanctions on Iran, and Western insurance companies stop insuring Iranian oil cargoes. China responds by accepting Iranian insurance on oil imports, increasing oil imports from Iran, and shipping the oil in Iranian tankers, Reuters reported August 20. India was offered Iranian insurance on oil shipments as well, but Indian refiners reportedly will reject the offer. Western insurance companies have told them that if they import Iranian oil, they will cancel insurance on refinery operations.

And German Foreign Minister Heiko Maas proposes a new international payments system independent of the dollar sphere, a new interbank transfer system, and a European Monetary Fund, to “protect European businesses from [American] sanctions. He also proposed a digital tax on American Internet firms. Writing in the German daily Handelsblatt on August 21, Maas declared, “We will not let the United States go over our heads.” No representative of a major Western European government has suggested anything remotely like this in public before.

https://quadrant.org.au/opinion/qed/2018/08/dead-wood-best-burning/

Trump is good because he has good policies, as did Thatcher and Reagan. Big deal if the Liberals get a new leader! Dutton or Hastie, whoever it might be, will inherit a dearth of good policies, bad ones aplenty, shifty colleagues and a party withered in root, branch and wallet. We need a new one.

How times change. Dow plummets as Trump beats Clinton. Dow futures edged down when news just broke that Trump’s ex-lawyer, Michael Cohen, has pleaded guilty to making hush payments to Trump’s putative casual squeeze before the election. Why the change? Well it isn’t because Trump has proved himself to be a sophisticate after all. It is because his policies are working and the market likes that and is nervous about him being undermined.

Trump has good policies. Here are just some of them. Lowering corporate taxes and red-tape regulations to get the private sector investing. Lowering regulatory burdens on the energy sector in order to produce more coal, oil and gas. Tightening immigration to fight terrorism and crime, to protect America’s social services, and to prevent cheap labour from undercutting wages for those at the bottom of the rung. Putting North Korea and Iran on notice of America’s resolve to prevent them ever using nuclear weapons. Moving the American embassy to Jerusalem to show solidarity with the only beacon of hope in the Middle East. Renegotiating trade deals to prevent America being ripped off by unfair tariffs. Putting the hard word on NATO allies to pay a fairer share of their own defence. Ensuring that the Supreme Court is not dominated by left-wing activists by appointing originalists to the court.

These are the policies that had Deplorables coming out to vote. I would have been lining up from the early hours to vote for these policies. And, totally unsurprisingly, they are working.