Bits and Pieces – 20170124, Tuesday

Commentary: If Trump achieves half or maybe a quarter of what he wants to he will go down as a “great” American president. I suspect a significant piece of what he would want is impossible, not because of political obstacles but because some things will not be possible.

A lot of jobs that went offshore don’t exist anymore and can’t come back. Companies on-shoring will build new plants populated with robots and highly automated assembly lines. They would have done so anyway for economic reasons and this trend had started before Trump.

His trade policies may backfire. Raising tax barriers and tariff walls will start trade wars – may already have done so – so the imports will be cut but so will the exports. How this will affect the balance of trade is a question. In fact the trade deficits were the only way the US dollar could become the world reserve currency. Trump cannot control the currency – at least not for long. Any attempt to declare China a currency manipulator will lead to the depreciation of the yuan and strengthen the dollar, affecting exports and negating the effect of tariffs on imports.

He has a deeply divided country and he can’t fix this because the divide is to a large part caused by people who hate him and this he can’t change. Read: Trump: America for the Americans! He has inherited trillion dollar deficits and a 20 trillion dollar debt that goes as high as 200 trillion with unfunded liabilities included. The only fix for this is to press the reset button and the reset will be global.

This is going to be a wild ride.

Civil Unrest: The demonstration by women against Trump globally has me mystified. Martin Armstrong suggests that there are deeper forces at work trying to divide America and this is one such action: Women Rally but for What? One of the principle actors is George Soros: Ex-WSJ Reporter Finds George Soros Has Ties To More Than 50 “Partners” Of The Women’s March. This is an excellent overview of many of the march-supporting organizations.

Another player is the revolutionary left associated with feminism. The following article reads like a revolutionary manifesto: Without a path from protest to power, the Women’s March will end up like Occupy. The notable point for me was the repeated communist idea of seeking power for “the people”. The “people” are mentioned several times but not once in a way that includes men.

Trump: This is really bad news for Canada and the socialists running the federal government and certain provinces: Trump Warns “We Are Going To Be Imposing A Very Major Border Tax”, Will “Cut Regulations By 75%”. Trump is a successful business executive. A CEO gets things done in days with decisions made in a matter of minutes or hours. Politicians take months. Wynne and Trudeau won’t know what hit them.
The actions they will need to take are counter to their ideologies.

Here is an essay on the relationship between Trump and the Deep State; worth a read: Pepe Escobar: Here’s How The Trump Presidency Will Play Out. And while on the topic of the Deep State, here’s a comment from Martin Armstong: Deep State Told Obama to Prevent Trump from Ending Cold War with Russia.

John Mauldin, a highly connected financial writer with a subscriber base of over i million shares what he learned about the way the new administration is taking shape and the direction it is going: What I Learned in Washington DCWhat I Learned in Washington DC.

Who woulda thunk this: Trump Wins The Unions: Teamsters Praise TPP Withdrawal, Labor Chiefs Describe “Incredible” Meeting With Trump?

Trudeau has already approved 2 pipeline projects, angering his constituency. Can he do one more: Trump Signs Executive Orders Renegotiating Keystone XL, Dakota Access Pipelines. And what is the implication of this for Canada: Trump Set To Meet With Big 3 Auto CEOs: “I Want New Plants To Be Built Here For Cars Sold Here!”?

Climate: Watch what Trump does to the EPA: Trump Orders Media Blackout At EPA: Bans Use Of Social Media, Bars New Contracts.

Bits and Pieces: I have not been tracking the idea of globalism closely although I think it is fundamental to much of the current progressive ideology. And Soros is a globalist. More for my future reference is this article: How To Predict The Behavior Of Globalists.

Everything is now on the table: Congressman Introduces Bill To Withdraw The U.S. From The United Nations.

To end, here’s a nice little piece of linguistic history: Fight Club Author Slams ‘Modern Left’: “I Coined ‘Snowflake’ And I Stand By It”. How is Canada’s own little snowflake from 24 Sussex going to handle the Trump revolution?

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