Saturday, October 20th., 2018 Savings - Not Tariffs - Will Make America Great Again

Saturday, October 20th., 2018 

And besides that, "Savings - Not Tariffs - Will Make America Great Again", what America really needs is to turn herself  'inwards',  to the possible maximum extent, by massively  investing: first, in the 'Economies of Peace'*  and second, in the huge 'anti-Distortion Efforts and Strategy',  that have to be planned and applied  on the psychological-sociopolitical-educational level, in order for the population to reestablish their peace of mind and soul, their faith in their rightfully deserved balanced and prosperous future and to reboot a  benign Great Power's footprint in Humanity's  upcoming History.

Too 'much', too 'strong'  and so predictably 'standard and constant'  of an 'outward',  heavily arrogant expression , is not only greatly repellent to those who are obliged  to 'taste it',  but also debilitating  its own people, its own economic development  and threatening a lethal implosion ; which , perhaps, could be taken not so softheartedly by the others, had it not been for the historical documents, describing in black letters the decline and fall of the Roman Empire, which eventually brought the black Middle Ages...!Far fetched? Not really!

Maria L. Pelekanaki 

 * 'Economies of Peace'*= Energy, medicine,et al...

Savings - Not Tariffs - Will Make America Great Again

"Until the current 'bubble economy' is deflated and savings and investment become the foundation of American economic life, trade deficits will continue and the ensuing trade wars may then escalate into actual shooting ones..."

• Oct 20, 2018 2:10 PM
  by Tyler Durden

  Sat, 10/20/2018 - 14:10
  
  Authored by Antonius Aquinas, annotated by Acting-Man.com,
  

  Glitches on the Road to MAGA

  While the farcical Kavanaugh confirmation hearings dominated the news cycle for the past couple of weeks, little mention was made of a disturbing economic headline – the August US trade deficit. Despite all the bluster from the Trump Administration about “winning trade wars” and “trade wars are easy”, America’s trade imbalances for August were the highest ever and its deficit with its most contentious partner – China – reached an all-time high.
  
  Bi-directional trade bazooka [PT]
  Some highlights, or low lights, for the Trump Administration and the clueless economic nationalists were:
  

  • August imports of industrial supplies and materials ($49.7 billion) were the highest since December 2014 ($51.8 billion).
    
  • August imports of automobile vehicles, parts, and engines ($31.7 billion) were the highest on record.
    
  • August imports of other goods ($9.1 billion) were the highest on record.
    
  • August petroleum imports ($20.5 billion) were the highest since December 2014 ($23.6 billion).*
    

  
  Despite a slowdown in overall Chinese export growth, the US – China trade deficit has continued to grow. But this is not a problem related to „free trade“ – it is related to credit expansion. [PT]
  These numbers will probably mean that the Trump Administration will push for more and stiffer tariffs, although the President is set to meet with Chinese President Xi Jinping next month. Yet, if anything comes out of the meeting, it will have little impact on US trade imbalances or the economy overall.
  

  Cause and Effect – A Productive Economy Needs Genuine Savings

  President Trump does not have to meet with the Chinese President or, for that matter, any other head of state, for the cause of US trade problems emanate right where he currently resides – Washington, D.C.
  ..........
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