‘Excuses!’ Trump claims ‘badly run and weak companies’ are using China tariffs as a scapegoat

cnbc.com ^ | August 30, 2019 | Jacob Pramuk

[BeauBo]

Ghost cities and Zombie factories are some of the visible signs of how the mountains of money printed in China were widely mis-invested on loans that will never be paid back.

Less visible are the mountains of money that were stolen by Party elites.

“Is there a good book to read?”

Here’s the 11 minute short version (which still understates the severity): https://www.youtube.com/watch?v=gCzZEth8uNA

There are a series of videos from recent months and days featuring Kyle Bass and Steve Bannon discussing the situation in more depth. Here’s one:

https://www.youtube.com/watch?v=ZBl05xNq_AU

Others are found here: https://www.youtube.com/channel/UCBH5VZE_Y4F3CMcPIzPEB5A

[trebb]

Trump has been careful to try to protect our farmers...he acknowledges that some will feel pain and does it anyway because it’s the right thing to do...it’s politicians who refuse to cause any inconveniences that keep bad programs/policies in an eternal loop that deteriorates us on a global scale.

[poconopundit]

BeauBo, thanks for the links. I listened to Kyle Bass and he's very good. My trouble is getting past the first 15 minutes -- I start to lose track because I don't know the world of finance. Bannon is a bit better for laymen. But of necessity, he glosses over the details. I have faith in the Taipan in the Oval Office :-)

Click pic to see full screen

[Liz]

Nice summation of the Trump MO.

Let them underestimate him....at their peril.