Tuesday, 8 April 2025

Peter Schiff explains how the cheap products from China allow Americans to live far above their means Will Trum, JD Vance end up on trial in the USA or China for their economic malpractice

Trump, JD Vance, Steve Bannon have not noticed what most of America has noticed. 

Strange!

The end of Chinese exports will bring inflation, a recession and a decline in living standards for Americans.

In addition, China s industry is producing more advanced technological products.

It is not based on slave labour. 

The US cannot survive as a slave labour economy.

OpenAI s Chat is so flawed it cannot be used in the  for real world for robots performing complex tasks in a factory. At least, not at a price that is feasible.

Any attempts to turn the USA into an economy based on slave labour by abolishing the minimum wage, labour liability laws etc will backfire spectacularly on the Trump mafia and accelerate the take over of the US by China.

They have their hypersonic  nukes ready to, we can be sure.

From media 

The Libertarian View: Trade Benefits All

It’s not the consumer who holds the cards but the producer, and buying cheap products from other countries that specialize in making them allows Americans to live beyond their means, Schiff would argue. Plus the current regulatory environment — minimum wage, high taxes, strict labor liability laws — make it very costly to do business in the U.S. which high tariffs does not change.

Tariffs harm Americans more than the countries they are aimed at, he argues. Schiff’s prediction: major pain incoming to the U.S. dollar and the American consumer.


https://www.zerohedge.com/markets/maga-vs-libertarians-peter-schiff-and-america-first-economist-face-tariffs

As for Trump s attempt to expand executive power to become a dictaror, that will also fail in the USA.

The Republican Party will not accept Trump impoverishing the USA to turn it into a dictatorship.

Impoverishment is not an American ideal. It is not a sign of patriotism. It breaks Trump s central election promise. 

Impoverishing Wall St does not automatically lead to more money for Main Street.

And the Reps have the knowledge and the guns.

To sum up, Trump, JD only choice may end up facing a trial in the US or China as they crash the stock market and collapse the economy.

Trump s covid lockdowns and jab tyranny has not been forgotten.

In fact, in April 2025, the conversation about that has been reinvigorated.

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