Posted on 09/02/2019 4:28:18 AM PDT by Eleutheria5
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Speaking at the conference, Fischer said: "The problem with Trump's approach to trade is that he doesn't understand trade. Trump only understands if somebody wins and somebody loses. Both sides profit if they have a head on them and they know how to conduct negotiations."
"I understand that Trump is an expert on this," he added. Fischer also mentioned the book "The Art of the Deal," authored by Trump or someone who wrote it "in his name."
"That's not what happens in international trade," Fischer said about the book. "Trump....simply does not understand, and if he does understand then he has successfully concealed the fact."
Though the global economy has recovered since World War II, Fischer believes that "almost every day" the US takes steps to "weaken the global economy."
Slamming the economic wars between China and the US as "virtually insufferable," he warned that the situation is constantly "deteriorating" and that the situation is "very serious" and "causing much damage" to the "economy of countries."
Returning to his Trump-bashing, Fischer claimed: "I am almost certain that if Trump had not intervened, the Fed would not have raised the interest rate."
According to him, "Trump provoked them [the Feds] into asking" how they could prove that they were not his followers.
This attitude, he said, is "a large part of our problem." He added: "The Fed is a professional place with excellent economists."
(Excerpt) Read more at israelnationalnews.com ...
No idea who this Fischer guy is, but he sounds like an alumnus of the Paul Krugman school of economics. In other words, he doesn’t understand a thing about it.
Trump understands quite well. Furthermore, his efforts to force China to play fair are long overdue.
LOL
Unlike Hillary, who doesn’t understand she’s a loser even when she loses.
For that line, I had to elide the beginning instead of the end. Priceless.
The Fed has been and still is a threat to our republic staffed by bottom-feeding crony capitalists.
“The problem with Trump’s approach to trade is that he doesn’t understand trade. Trump only understands if somebody wins and somebody loses. Both sides profit if they have a head on them and they know how to conduct negotiations.”
So, the US, under President Trump, Ross, Mnuchin, Lighthizer, have been able to negotiate “fair” trade deals with everyone else, except China. And because of that, the President or his team don’t know what they’re doing? Is that what the gist of this article is.
The man has said, time and time and time again, if the deal is FAIR to the American people and to American businesses, he’s all in. Problem is, all the globalist’s are so vested in China and screwing the US taxpayer that they’re blind and deaf to everything the man has shown and said.
The Chinese were supposed to start buying our soybean and pigs. They reneged and went to Russia. Russia can barely feed itself and is also experiencing some issues in their agricultural and farming operations. They got mouths to feed, too, I’m told.
These Wall St, Fed Reserve, Globalist, CFR types need to run out on a rail.
She does understand how to sell her high office for cash. She knows the price of everything and the value of nothing. Put her on the Fed.
“These Wall St, Fed Reserve, Globalist, CFR types need to run out on a rail.”
As opposed to waiting until they are run out on a rail, with perhaps a smidgen of tar and feathers to encourage them not to return? That’s proactive, anyway.
You don’t get much deeper into the Israeli-US-Global Swamp than this guy:
https://en.wikipedia.org/wiki/Stanley_Fischer
For context however, he is on the Barak/Barack side of things, so opposed to the Bibi/Kushner/Trump faction.
Fischer believes that the global economy is balanced on the back of the American consumer. President Trump believes that the global economy works best for everyone if it is balanced - on the backs of every consumer in every country involved in trade.
Fischer is an ass.
The global economy has been supported by the toils of America precisely because of people who believe that what is best for all nations is what is best for America. Fischer can kiss my ample rear end.
They try our every shibboleth out on him regardless of the factual background not supporting it. Hoping their one brilliant observation is the one that sticks.
Note to Trump haters: Stick to his actual character defects. He has them. We all do. But, otherwise you look stupid. And, no one cares anyway.
Somebody wins and somebody loses every day, it’s called life. No participation trophies in life or business or trade etc.
The Fed is a professional place with excellent economists.
If economist were so smart why are they all working for some government agency and not out making money of their own?
Answer is simple. They have no more idea how the world economy works then anyone else. They live in a bubble of their own creation and make guesses. Sometimes they guess right and sometimes they guess wrong. The sad part is they themselves never have to pay a price when they guess wrong and an entire nation’s economy crashes.
What this professional economist misses in his examination of Trump vs China is that this is war. An economic war for sure, but war never the less.
China has it’s own rules and ignores everyone else. They have been allowed to saturate our nation with cheap crap while at the same time keeping their market closed.
The result they have gained billions of dollars while America’s manufacturing dwindled. They can do this because they do not have the same labor or environmental laws we had and if someone in China does not like it, they could be shot.
If it was just American’s buying cheap crap from China then it might be tolerated. But it is more than that.
What is China doing with all the billions of American dollars? One, they are buying our politicians as well as our media people. We have Americans selling us out for 20 pieces of silver, they (the Americans) should be ashamed of themselves.
But as they say on TV, wait there is more. China is busy around the world becoming a Colonial power. They start out by loaning poor countries (with the proper bribes) money for infrastructure. Infrastructure that China would like to own such as airports and shipping ports.
When the nation defaults on the loans, the Chinese step in and take over.
So Mr. Professional, this is not about trade. It is about restoring balance between two nations and it is about slowing down the spread of China around the world.
As always, this is just an opinion. No more value then your opinion, perhaps even less because you may be right and I may be wrong. But at least if I am wrong, our nation’s economy will not go into the toilet.
“Though the global economy has recovered since World War II, Fischer believes that “almost every day” the US takes steps to “weaken the global economy.” “
“recovered since World War II...”
What on earth. Strange connection to make. Why not go back to the Great Depression.
“weaken global economy...”
So he believes that a strong American economy weakens the global economy. Absurd. But, an admission that, for him, a strong American economy is not good.
As long as the Deep State loses, I’m ok with that.
“..That’s not what happens in international trade..”
it does now buster.
I’m not convinced that the folks that sell us down the river on trade with China don’t have the same understanding of the issue that Trump has. They simply don’t have America’s best interests at heart.
Former Bank of Israel Governor and former Vice Chairman of the US Federal Reserve Chair Prof. Stanley Fischer. Red diaper baby? Looks like he’ll soon celebrate his centennial.
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