by JDHURF » Sun Dec 09, 2018 6:29 pm
Completely disingenuous. There was a series of a quarter dozen personal attacks in response to my post and before I could even respond to your initial response or any of the other ad homs you thought it best fit to second the fallacies. Therefore I responded by pointing out that the observing of the blatantly obvious has f**k all to do with the substantive issue and I did so, following the series of responses, in kind.
Going back to the point I raised, the primary point is that neither the United States nor China is going to win a trade war and the fact that China owns one and a quarter trillion dollars in treasury bonds gives them significant leverage, making the fact all the more conspicuous. No competent United States politician, let alone POTUS, would even conceivably initiate an aggressive trade war with China.
I’ve been arguing ever since Trump assumed the executive and stuffed it full of Goldman Sachs’ functionaries that the financial crisis he’s laying the groundwork for will make 2008 look like child’s play. All of the policies his administration has advocated and institutionalized along with the Republican congressional legislation passed since that time, i.e. wealth transfer in tax cuts for the 1% and corporations creating a gargantuan deficit along with nearly across the board deregulation, etc., demonstrates the extent to which the inevitable looming financial crisis will far surpass that of 2008 unless the Democrats and Independents are able to slam the brakes on this and reverse it. This along with an aggressive trade war with China, a state owning one and a quarter trillion dollars in treasury bonds, is absolutely f**k heinous.