Roy Exum: Trump’s $455 Billion Call

Sunday, October 25, 2020 - by Roy Exum
Roy Exum
Roy Exum

Late last fall, there was a story that got a lot of mileage and for good reason. Donald Trump’s economic trade policy of America First signaled that our President had the guts to say “enough is enough” to The Marshall Plan, which by all rights should have been discontinued about 50 years ago but was not. It enabled the countries we were eager to help following World War II to continue to “help themselves” to America’s largess for no reason for half-a-century!

There was scant main-stream news coverage from the anti-Trump liberals about the president’s decision but as the largest, most-meaningful 2020 Presidential election ever is now just nine days away, I am thinking this was a true highlight of his first term.

I am convinced we must stand -- united -- for “America First.” And we can no longer feed ungrateful parasites with our nation’s unemployment, the choking costs of illegal immigrants, the pandemic catastrophe, and $2 billion in rioting madness this summer alone.

Here is the story courtesy of Reuters:

* * *

AMERICA’S ECONOMY ‘TRUMPS’ GLOBAL ECONOMY

The IMF (International Money Fund) is warning that “global economies” will contract by $455 billion next year due to the ongoing trade conflict between the U.S., China, the European Union, and, to a lesser extent, Japan.

President Trump will cost the “Global Economy” $455 billion…. because that money will be transferring back to the America First economy. That’s what will happen as ‘MAGAnomics’ reverses the IMF trade (wealth distribution) model.

China and the EU have devalued their currency in an effort to block the impacts from President Trump and the America First trade policy.  Because those currencies are pegged against the dollar, the resulting effect is a rising dollar value.  In essence, the globalist IMF is now blaming President Trump for having a strong economy that forces international competition to devalue their currency.

In the bigger picture is why President Trump is the most transformative economic President in the last 75 years.   The post-WWII Marshall Plan was set up to allow Europe and Asia to place tariffs on exported American industrial products.

Those tariffs were used by the EU and Japan to rebuild their infrastructure after a devastating war.  However, there was never a built-in mechanism to end the tariffs…. until President Trump came along and said, “it’s over”!

After about 20 years (+/-), say 1970 to be fair, the EU and Japan received enough money to rebuild.  But instead of ending the one-way payment system, Asia and the EU sought to keep going and build their economies larger than the U.S.  Additionally, the U.S. was carrying the cost of protecting the EU (via NATO) and Japan with our military.   The EU and Japan didn’t need to spend a dime on defense because the U.S. essentially took over that role.   But that military role, just like the tariffs, never ended.  Again, until Trump.

The U.S. economy was the host for around 50 years of parasitic wealth ex-filtration, or as most would say “distribution”. The term ‘ex-filtration’ better highlights that American citizens paid higher prices for stuff, and paid higher taxes within the overall economic scheme, than was needed.

President Trump is the first and only president who said: “enough”, and prior politicians who didn’t stop the process were “stupid” etc. etc.  Obviously, he is 100% correct.

For the past 30 years the U.S. was a sucker to keep letting the process remain in place while we lost our manufacturing base to overseas incentives.  The investment process from Wall Street (removal of Glass-Stegal) only made the process much more severe and faster.  Wall Street was now investing in companies whose best bet (higher profit return) was to pour money overseas.  This process created the “Rust Belt”, and (darn) near destroyed the aggregate manufacturing industry.

Unfortunately, putting ‘America First’ is now also against the interests of the multinationals on Wall Street; so, President Trump has to fight adverse economic opponents on multiple fronts…. and their purchased mercenary army we know as D.C. politicians.

No one, ever, could take on all these interests.  Think about it…  The EU, Asia, World Bank, International Monetary Fund, China, Russia, U.S. Chamber of Commerce, Iran, U.S. Congress, Democrats, U.S. Senate, Wall Street, the Big Club, Lobbyists, Hollywood, Corporate Media (foreign and domestic), and the ankle-biters in “Never Trump” All of these financial interests are aligned against Main Street USA and against President Trump.

Name one individual who could take them on simultaneously and still be winning, bigly.

They say he’s one man.  They say they have him outnumbered.  Yet somehow, as unreal as it seems, he’s the one who appears to have them surrounded.

* * *

BERNIE MARCUS: “TRUMP IS OUR GENERAL PATTON”

[From the Internet] Bernie Marcus, the billionaire co-founder of Home Depot, will donate 90 percent of his fortune, much of it to re-elect Donald Trump.

The 90-year-old American retail mogul, who is a major donor to Trump, plans to donate most of his fortune valued at $6 billion. “He intends to donate most of his fortune to charity while he is still alive. But how much of those donations will go to help the current president, Donald Trump, get reelected in 2020."

Bernie Marcus was asked in an interview, “Why are you voting for Trump? He's harsh, rude, aggressive, and completely anti-presidential. I do not understand."

Bernie smiled and quietly answered. “Well, you know, I thought about General Patton. He used thick language, his manners were not pleasant to the ladies, and his language certainly offended many Christians. But we needed it to win a war. Trump is our General Patton, and we are in a war that we have to win.

“I believed then and I believe even more strongly now that our battle is against the powers and the principalities. And in a war between good and evil, we have seen the demons lose and the masks come out. Evil forces no longer claim to be civilized. I am on my knees for my children and grandchildren; daily I intercede in prayer for my beloved country, my beloved Christian heritage, and much more. With all due respect and appreciation for the kind well-spoken speakers, it is time to wake up and welcome our General Patton.”

* * *

Heaven help us all if we sacrifice our conservative strengths for the liberal left’s weaknesses.

royexum@aol.com


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