Minimize

Welcome!

Michael Stumo CEO of The Coalition for a Prospersous America discusses the important issues of international trade facing America

Big Al
April 5, 2018

Everyone understands the importance of China’s role vis a vis the United States in the issue of trade, but how about the stance of the WTO regarding the issue of free trade in general? And, how about the stance of the two major parties on the concept of globalism vs “America Fist”?

 

Click download link to listen on this device: Download Show

Discussion
62 Comments
    CFS
    Apr 05, 2018 05:09 PM

    I agree that something needs to be done about trade, most particularly with regard to China.
    I was, however, reading a Japanese import/export blog earlier today. If I understood the translation correctly, the Japanese blogger was making the comment that the US is reacting much too late, because there was nothing he wanted to buy that the US makes.
    He was saying that the Chinese have taken US ideas and not only improved upon them, but also made them cheaper. It is hard to compete with better AND cheaper.
    I do not know first hand if that is a universally true statement or the specifics of Sino-Japanese tariffs and export subsidies. It does, however, give pause to think.
    I worry also, because I believe a tariff-war is really a tax war, in that it is the citizenry of both countries that end up actually paying.
    There is concern that China might ultimately respond, not by retaliatory tariff hikes, but rather by a dump of their U.S. Treasury holdings; this would lower the real cost of US imports into China and they could apply tariffs to bring the cost back up to what it had been, thereby eliminating any inflationary effects to Chinese citizens, but causing inflationary problems for the US and possibly even a dollar collapse as the US would be forced to print even more dollars to meet the large deficit spending.

      Apr 06, 2018 06:03 AM

      ..If, we did not let the FED, Fake Banksters, create all that fake debt/sell bonds to cover the debt/ fake budget….., and give it to their friends,…TBTF and Deep State,, we would not be taking about US TREASURY dumping concerns.

        Apr 06, 2018 06:04 AM

        GET THE $21 TRILLION BACK,…….and we have no problem……..

        Apr 06, 2018 06:12 AM

        I have to agree OOTB

          Apr 06, 2018 06:14 AM

          Sorry, my coment has little to do with the $21 trillion but everything to do with you comment above that one.

      Apr 06, 2018 06:04 AM

      This is why we need to say to China…..stick it in your ear………
      https://www.zerohedge.com/news/2018-04-06/part-time-jobs-added-310k-full-time-jobs-lost-311k

        Apr 06, 2018 06:06 AM

        China with the help of the insiders have played American like a fiddle for WAY TO LONG…..

      Apr 06, 2018 06:12 AM

      I found your comment to be quite interesting. China is definitely a tough competitor.

      I am not sure that a “dump of treasury holdings” would be in its interest. What do you think, CFS?

    CFS
    Apr 05, 2018 05:51 PM

    WASHINGTON (AP) — Amazon is spending millions of dollars on lobbying as the global online retailer seeks to expand its reach into a swath of industries that President Donald Trump’s broadsides haven’t come close to hitting.
    Trump’s attacks over the last week targeted what Amazon is best known for: rapidly shipping just about any product you can imagine to your door. But the company CEO Jeff Bezos founded more than two decades ago is now a sprawling empire that sells groceries in brick-and-mortar stores, hosts the online services of other companies and federal offices in a network of data centers, and even recently branched into health care.
    Amazon relies on a nearly 30-member in-house lobbying team that’s four times as large as it was three years ago as well as outside firms to influence the lawmakers and federal regulators who can help determine its success. The outside roster includes a retired congressman from Washington state who was a senior member of the powerful House Appropriations Committee when he stepped down.

      Apr 06, 2018 06:17 AM

      Who is the retired congressman from Washington?

      I personally do not find it in the best interest of anyone to go after Amazon. How about you?”

    CFS
    Apr 05, 2018 05:17 PM

    Presidents have tremendous executive powers when it comes to matters of trade and financial assets. Over the years various U.S. Pesidents have seized assets from countries such as Iran, Syria, North Korea and Cuba and imposed sanctions on Russia, Cuba, North Korea and many other countries by executive order. A president does not need an act of Congress to support such extreme actions. The laws have already been passed and the president has standing authority essentially to act like a dictator with regard to financial assets.
    One statute is the Trading With the Enemy Act of 1917. This was used to seize German assets in the U.S. during the First World War. It’s how the U.S. took control of Bayer Aspirin from the German firm Bayer AG.
    In 1977 Congress enacted an even more extreme set of powers under the International Emergency Economic Powers Act of 1977, or IEEPA.
    The IEEPA allows the president to seize or freeze any asset or block any transaction if the president deems it to be necessary in the case of a national emergency. The “national emergency” can be defined broadly to include trade imbalances, lost jobs or any other economic adversity.
    President Trump may now use IEEPA to block a variety of Chinese deals in the U.S. in retaliation for Chinese theft of U.S. intellectual property. I fear that President Trump may not fully appreciate the extent to which China will go to protect its interests.
    China’s economy is not just about providing jobs, goods and services that people want and need, but more about regime survival for a Chinese Communist Party that could face an existential crisis if it fails to deliver.
    The overriding imperative of the Chinese leadership is to avoid societal unrest.
    China is less stable and less powerful than it appears on the surface and it is afraid that its hold on power is weaker than many in the West suspect. Remember Tiananmen Square? Chinese leaders will do whatever it takes to hold on to power and such may limit any desire to negotiate a deal.

      Apr 06, 2018 06:27 AM

      Yes, the extent of Trump’s actual power is greater than a lot of folks realize.

      I also agree with your comment about regime survival.

      Apr 06, 2018 06:29 AM

      In this case, I personally agree with Michael Stumo. How about you?

        CFS
        Apr 06, 2018 06:48 AM

        I don’t know the definition of “unwinnable”

        US exports to China $530 Billion; China exports to US $130 Billion.

        US puts tariffs on $50 Billion.
        China retaliates with tariffs on $100 Billion.

        US ups to Tariffs on $150 Billion.

        ? China’s next move?

          CFS
          Apr 06, 2018 06:49 AM

          oops, I meant imports from not exports to. !!!

            lpr
            Apr 06, 2018 06:05 PM

            wait…we import 530 from china?……

            china imports 130 from USA?

    Apr 06, 2018 06:09 AM

    Mr. Stumo and Mr Ferry have made the most common sense and correct comments about the trade issues. I always have time to listen to them.

    The one huge thing those two haven’t covered is the crux of the whole trade issue. It’s the real reason why Trump is balancing the trade, and the real reason why HW Bush wanted a huge trade deficit.

    There is no trade war. That’s just the globalist media spin trying to stir public opinion.

      GH
      Apr 06, 2018 06:41 AM

      “The one huge thing those two haven’t covered is the crux of the whole trade issue. It’s the real reason why Trump is balancing the trade, and the real reason why HW Bush wanted a huge trade deficit.

      There is no trade war. That’s just the globalist media spin trying to stir public opinion.”

      What are you referring to, Chartster?

        Apr 06, 2018 06:44 AM

        A trade deficit doesn’t matter under a fiat currency, you just print more and pay. Under a gold standard, you pay in bullion. If you have a huge deficit you keep the world from going to the gold standard. 😉

          Apr 06, 2018 06:36 AM

          Great point Chartster and a proper comment from you GH.

          Apr 06, 2018 06:42 AM

          And you like that Marxist arrangement? Do you understand that “printing” (inflating) amounts to a tax on dollar holders (i.e., savers)?
          Do you believe that the current monetary system is constitutional?

            Apr 06, 2018 06:15 AM

            I pointed out that all the past presidents liked that arangement and Trump is ending it. The whole trade deficit issue is about going back to the gold standard.

      Apr 06, 2018 06:35 AM

      Foreign and domestic……..enemies…….

        Apr 06, 2018 06:41 AM

        Idiot report…………she needs to be locked up…….Deerfield Mayor Harriet Rosenthal

          Apr 06, 2018 06:51 AM

          Harriet is a past school teacher….what does that tell you about the school system in America…….

          GH
          Apr 06, 2018 06:44 AM

          Rosenthal.

          Why is it the ethnic group with a couple of unacknowledged, unpunished genocides to their credit in the past century, that is the main pusher of gun control in the US?

            GH
            Apr 06, 2018 06:17 AM

            How is it that our mass media pushes gun control, but does not see fit to inform Americans how their weapons industry is flooding the world with arms?

            http://www.tomdispatch.com/post/176405/tomgram%3A_william_hartung%2C_selling_arms_as_if_there_were_no_tomorrow/

            Apr 06, 2018 06:31 AM

            MSM…….Is part of the problem…..CIA bought and paid for…..But, you already know that.
            Americans are to blind , deaf and dumb….

            Apr 06, 2018 06:41 AM

            I simply don’t understand you comment GH. Please explain further.

            GH
            Apr 06, 2018 06:56 AM

            Al, the history is clear that :

            1) The Bolshevik leadership was hugely disproportionately made up of Jews. They were funded by Jewish Zionist Wall Street Banker Jacob Schiff. How many white, Russian Eastern Orthodox Christians were killed? 20 million? 30?

            2) The Armenian genocide was done under the leadership of the Young Turks, whom we now know were Donme(h), crypto-Jews. The Young Turks also suppressed mainstream Turkish Islamic culture, in favor of secularism. Exactly as many Jews have worked to do in the US.

            Both these genocides were committed *before* the ‘Holocaust’.

            GH
            Apr 06, 2018 06:04 AM

            The Bolshevik case:

            https://ia800301.us.archive.org/16/items/StalinsWillingExecutioners/StalinsWillingExecutioners.pdf

            The information in this review is taken from Yuri Slezkine’s (Jewish) ‘The Jewish Century’

            GH
            Apr 06, 2018 06:17 AM

            In Memory Of The 50 Million Victims Of The Orthodox Christian Holocaust
            Compiled by Rev. Archimandrite Nektarios Serfes

            http://www.serfes.org/orthodox/memoryof.htm

            I’ve only skimmed this one, but it looks like, while bringing attention to the events, he does not uncover the roots of the events.

            I guess these things are not yet common knowledge even among the Eastern Orthodox community? You might get in touch with James Perloff or Brother Nathanael and see what they have to say about it. They have both converted to Eastern Orthodox.

            GH
            Apr 06, 2018 06:23 AM

            To be fair, though I don’t know, I *imagine* the large majority of Jews have no idea of the history, either. Just as most Americans do not understand the horrible role the US has played in world history for the past century (the only war you can make a case for is WW2, and that history is very murky).

            Call it the oligarchy, The Rich, the Globalist/Communist/JudeoMasonic mafia, or what have you–they run the banks, they run the media and the schools, and they brainwash society into a false reality.

            What is needed is for a mass movement of digging into and uncovering the true history of the last couple centuries, and who the real instigators of so many of these wars have been, how the same crowd parasitizes us through their multinational corporations, sets us against each other via Cultural Marxism, etc.

            Such an effort is in the interests of Christians, Muslims, AND Jews.

            GH
            Apr 06, 2018 06:30 AM

            Maybe it’s paranoia, Al.

            But it’s not so hard to imagine that there is a covert war against Christian culture, particularly white Christian culture.

            The communists, controlled by Jews committed a massive genocide against Eastern Orthodox Christians.

            The crypto-Jew Mustafa Kemal Ataturk secularized Turkey–suppressed the majority Islamic culture.

            The majority Christian culture of the US has certainly been suppressed. Who were the protagonists?

            Who were the political protagonists behind the 1965 Immigration and Nationality Act?

            Who owns the mass media that is dragging the US into the gutter, and dumbing us down, failing to inform us of all kinds of things vital to our interests?

            Who has controlled our financial system since 1913 and buried us in debt?

            Who is pushing gun control?

            Why should I believe another genocide isn’t planned?

            GH
            Apr 06, 2018 06:59 AM

            BTW, to make the link with Cultural Marxism more clear.

            Cultural Marxism is about destroying individual identity. It’s about deracination (deracinate: Uproot (someone) from their natural geographical, social, or cultural environment. (Oxford English Dictionary)). Feminism demeans both the masculine and the feminine. The transgender movement further erodes one of the most fundamental aspects of identity. Normalizing homosexuality is an attack on the masculine. Secularization is an attack on spirituality. All of the above are an attack on marriage, which is an attack on stable families, which are important for healthy individuals.

            Are there white supremacists? I believe so. Are there Jewish Supremacists? The Talmud is supremacist. It speaks of the chosen people ruling from Jerusalem for 1000 years, or some such thing.

            If that were your goal, wouldn’t it be a lot easier to lord it over the rest if they have been stripped of their culture and history, and their identity has been wholly shaped by mass media and government schooling? Isn’t this also what is necessary for people to embrace collectivism (Communism/Socialism)?

            Do you catch my drift?

            GH
            Apr 06, 2018 06:31 AM

            I guess that for a Christian it ought to be natural to assume that Satan is waging war against them. In what ways does Satan act?

            GH
            Apr 06, 2018 06:13 PM

            I forgot to mention multiculturalism, which of course is anti-culture. The end goal is one homogenous culture.

            It is also one homogenous race.

            https://en.wikipedia.org/wiki/Richard_von_Coudenhove-Kalergi

            from the wikipedia entry:

            “Richard Nikolaus Eijiro, Count of Coudenhove-Kalergi[1] (November 16, 1894 – July 27, 1972) was an Austrian-Japanese politician, philosopher, and Count of Coudenhove-Kalergi. The pioneer of European integration, he served as the founding president of the Paneuropean Union for 49 years, which would be the preliminary ideological foundation of the European Union.”

            “In his book Praktischer Idealismus (Practical Idealism), written in 1925, he describes the future of Jews in Europe and of European racial composition with the following words:[45]

            “The man of the future will be of mixed race. Today’s races and classes will gradually disappear owing to the vanishing of space, time, and prejudice. The Eurasian-Negroid race of the future, similar in its appearance to the Ancient Egyptians, will replace the diversity of peoples with a diversity of individuals. […]

            Instead of destroying European Jewry, Europe, against its own will, refined and educated this people into a future leader-nation through this artificial selection process. No wonder that this people, that escaped Ghetto-Prison, developed into a spiritual nobility of Europe. Therefore a gracious Providence provided Europe with a new race of nobility by the Grace of Spirit. This happened at the moment when Europe’s feudal aristocracy became dilapidated, and thanks to Jewish emancipation.””

            GH: Is it an exaggeration to say that the EU has been a racist project from the outset?

            GH
            Apr 06, 2018 06:16 PM

            Maybe Coudenhove-Kalergi was unaware of the role played by the “spiritual nobility of Europe” in still-fresh genocides?

            GH
            Apr 06, 2018 06:52 PM

            I’ve dated ladies of various races, so race isn’t my hang-up. That there is a clear and biased campaign to promote it? Not so cool.

            https://www.counter-currents.com/2018/03/the-war-against-whites-in-advertising/

            Sigmund Freud’s nephew, propaganda pioneer Edward Bernays:

            ““The conscious and intelligent manipulation of the organized habits and opinions of the masses is an important element in democratic society. Those who manipulate this unseen mechanism of society constitute an invisible government which is the true ruling power of our country. …We are governed, our minds are molded, our tastes formed, our ideas suggested, largely by men we have never heard of. This is a logical result of the way in which our democratic society is organized. Vast numbers of human beings must cooperate in this manner if they are to live together as a smoothly functioning society. …In almost every act of our daily lives, whether in the sphere of politics or business, in our social conduct or our ethical thinking, we are dominated by the relatively small number of persons…who understand the mental processes and social patterns of the masses. It is they who pull the wires which control the public mind.”
            ― Edward L. Bernays, Propaganda

            GH
            Apr 06, 2018 06:02 PM

            “Universal literacy was supposed to educate the common man to control his environment. Once he could read and write he would have a mind fit to rule. So ran the democratic doctrine. But instead of a mind, universal literacy has given him rubber stamps, rubber stamps inked with advertising slogans, with editorials, with published scientific data, with the trivialities of the tabloids and the platitudes of history, but quite innocent of original thought. Each man’s rubber stamps are the duplicates of millions of others, so that when those millions are exposed to the same stimuli, all receive identical imprints. It may seem an exaggeration to say that the American public gets most of its ideas in this wholesale fashion. The mechanism by which ideas are disseminated on a large scale is propaganda, in the broad sense of an organized effort to spread a particular belief or doctrine.”
            ― Edward L. Bernays, Propaganda

            GH
            Apr 06, 2018 06:34 PM

            Meanwhile:

            “In the face of Anti-Semitism, we Jews must insist on the rightfulness of our own nationalism. To possess our own national life, we must see ourselves as an alien body within the nations we reside, and thus insist on our own distinct identity.”
            ~Jacob Klatzkin, the co-editor of the Encyclopaedia Judaica (1925)

            Apr 06, 2018 06:59 PM

            Lot of good stuff above…….thanks GH

            GH
            Apr 07, 2018 07:27 AM

            The new propaganda is liberal. The new slavery is digital
            By John Pilger

            “As Leni Riefenstahl said: “Propaganda always wins if you allow it”.

            What is modern propaganda? For many, it is the lies of a totalitarian state. In the 1970s, I met Leni Riefenstahl and asked her about her epic films that glorified the Nazis. Using revolutionary camera and lighting techniques, she produced a documentary form that mesmerised Germans; her Triumph of the Will cast Hitler’s spell.

            She told me that the “messages” of her films were dependent not on “orders from above”, but on the “submissive void” of the German public. Did that include the liberal, educated bourgeoisie? “Everyone,” she said. ”

            ‘Propaganda always wins if you allow it’–Bernays’ contempt for humanity is blatant. What he and those of his ilk do may not be illegal, but it IS criminal.

            It works on EVERYONE–so turn off the hostile propaganda of the boob tube and avoid mass media in general except to know what the shysters WANT you to believe.

            Apr 07, 2018 07:44 PM

            Interesting article. Just finished it.

      Apr 06, 2018 06:38 AM

      Pretty hard to make this one stick. Remember the second ammendment?

    Apr 06, 2018 06:30 AM

    China allegedly requires companies to surrender their intellectual property in order for them to gain access to Chinese markets. If it’s such a valuable piece of property, why doesn’t management forget the Chinese market and simply sell the rest of the world? It’s as if their greed is winning out over common sense. I realize their market is big but at that costly price, I’d choose to not enter. JMO

      Apr 06, 2018 06:33 AM

      I think the CEOs are greedy for the increase in stock price…..Many like JACK WELSH, are a good example………JMO

        Apr 06, 2018 06:35 AM

        System is ALL RIgged……

      Apr 06, 2018 06:45 AM

      A bit of research cam up with: nternational companies have long complained that China has strong-armed them into handing over trade secrets in exchange for market access. In some sectors, Beijing will only let foreign firms operate through joint ventures in which Chinese partners have the majority stake.

    Apr 06, 2018 06:36 AM

    Soros is going to play in the crypto game……..see zh