Thursday, 1 March 2018

TRUMP'S BUDGET SCAM



Trump's 2019 budget proposal:

1. Greatly increase spending on the military.

The U.S. already spends more on the military than the next eight largest spending nations combined.



2. Greatly increase the deficit.

 One estimate shows that the national debt could grow to $30 trillion in a decade.



3. Spend little on infrastructure.

Trump is offering no new funds for bridges, railways, roads and tunnels.

Amtrak (rail) funding is to be cut in half.

When it comes to spending on infrastructure, local governments will bear the majority of costs.

This means Americans paying higher local taxes, fees and tolls.

Trump's infrastructure blueprint 'a scam'



4. Cut help for ordinary Americans.

Trump will cut $1.7 trillion from Medicare and other entitlementsdespite campaign promises.

Trump will cut the Environmental Protection Agency's (EPA) budget by about 34 percent.

"It's a scam to line the pockets of corporate polluters by gutting protections for our environment," said the Center for American Progress.

Trump's 2019 Budget Slashes Medicare, Bolsters Defense Spending / Trump's infrastructure blueprint 'a scam'



THE USA'S FAILING ECONOMY

TRUMP, THE ECONOMY, THE DEEP STATE

A NEW AMERICA - 'PERON' TAKES OVER.

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Wednesday, 1 March 2017

TRUMP'S NEW POLICIES: IMMIGRANTS, CHINA, PIZZAGATE, TAXES, RUSSIA ...



On 1 March 2017, it was reported that Trump wants to pass an immigration reform bill that will grant legal status to millions of undocumented immigrants living in the US.

During a recent private lunch with news anchors, Trump said he is open to passing a bill that would grant legal status to undocumented immigrants who have not committed serious crimes.

This type of 'compromise bill' would allow undocumented immigrants living in the United States to live, work, and pay taxes without fear of deportation, a senior administration official told CNN.

Trump also reportedly hinted that he would be willing to consider a path to citizenship for 'Dreamers,' those brought into the country illegally as children.

"The time is right for an immigration bill as long as there is compromise on both sides," Trump said to journalists.

Trump Open to Passing Bill That Would Grant Legal Status to Undocumented Immigrants




Trump is NOT cracking down on sex trafficking.

Trump's Mythical Crackdown on Sex Trafficking

...

Trump is a fake and Pizza Gate is fake; Donald Trump is creating a field day for the one per cent.

 Edward Luce writes:

"The chances of a big infrastructure bill are rapidly dimming.

"The effect of Mr Trump's economic agenda will be to deepen the conditions that gave rise to his candidacy.

"The biggest winners will be on Wall Street...

"Simple arithmetic ensures the gains will go disproportionately to the top one per cent...

"Expect a flood of fake job announcements...

"Bad news will be dismissed as globalist propaganda...

"The president has a knack of sounding off against the elite while lining their pockets...

Continued here: Donald Trump is creating a field day for the one per cent.

Expect more fake stories like Pizza Gate!



Top American banks, including Goldman Sachs, have hired almost 120,000 people in Asia.

David Warfield, of McLagan's performance practice, says that the banks are likely to continue adding staff outside the US.

For example, Goldman Sachs has about 5,000 staff in Bangalore.

ft.com


The Deep State.

On the day that Donald Trump won the presidential election, Goldman Sachs posted a job advertisement for a derivatives analyst in Bangalore.

In the three months since then, Goldman Sachs has put up ads for another 180 or so jobs based in Bangalore.

Gary Cohn, Trump's top economic adviser, says that Goldman Sachs hires people in Bangalore because they are cheap.

However, computers and robots are increasingly going to rob Americans of their jobs.

ft.com


Above, we see the Trump Hotel Soho, which "is proud to host same-sex weddings." Trump Hotels

1. As a candidate, Donald Trump pledged to brand China a currency manipulator on his first day in office.

Steven Mnuchin, the new US Treasury secretary, has dismissed Trump's promise to brand China as a currency manipulator.

Mnuchin now says: "We have a process within Treasury where we go through and look at 'currency manipulation' ... we're not making any judgments until we continue that process."

ft.com/

2. Mnuchin, a former Goldman Sachs banker, says the US government is in favour of a strong dollar.

Trump, during the election campaign, said he wanted a less strong dollar.

ft.com/

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"An increasing number of senior people around the president ... appear to be returning to a more traditional Republican stance."

ft.com/

3. James Mattis, the defence secretary, says the USA will continue its alliance with South Korea and Japan.

4. Rex Tillerson, the secretary of state, and Mike Pence, the vice-president, have now stated that the USA is fully committed to NATO.

5. National security adviser General HR McMaster is strongly anti-Putin.

ft.com/

..
Milo (left). Milo Yiannopoulos sold tickets to his own birthday party. Milo became a champion of GamerGate. GamerGate communities published naked photos and private emails of women they did not like. ft.com

6. Trump's tax reduction plans are 'hanging in the balance'.

ft.com/

There is a belief that Mnuchin does not want any big spending on infrastructure or any big reduction in taxes in the short term.

Market rally shows signs of fatigue as investors await Trump tax cuts

"Unconfirmed reports suggest that the Trump administration could delay its infrastructure spending program until 2018."

Market rally shows signs of fatigue as investors await Trump tax cuts

7. Trump has no plans to arrest Hillary Clinton.



A photograph was circulated purporting to show President Barack Obama playing ping pong with a child inside Comet Ping Pong. The original picture hangs framed in the White House, where it was taken.[2]



  • Theorists claimed an underground network beneath Comet Ping Pong; however, the restaurant actually has no basement, and the picture used to support this claim was taken from another facility.[2]
  • Theorists claimed to have a picture of restaurant owner Alefantis wearing a T-shirt endorsing pedophilia. However, the image was of another person entirely, and the shirt, which read "J’ ❤ L’Enfant," was actually a reference to the L’Enfant Cafe-Bar in DC, whose owner was pictured in the image, and which itself was named after Pierre Charles L'Enfant, designer of much of the layout of Washington, DC.[2]
  • Theorists claimed John and Tony Podesta kidnapped Madeleine McCann using police sketches which were, in fact, two sketches of the same suspect taken from the descriptions of two eye witnesses. Furthermore, the claim that the brothers were in Portugal at the time of the kidnapping was sourced only to the conspiracy website Victurus Libertas, notable for, among other things, suggesting that the Queen of England was a reptilian alien.[2]
Additionally, no alleged victims have come forward, nor has any physical evidence been found.[62]

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Saturday, 1 October 2016

TRUMP AND THE ECONOMY

...

Both Clinton and Trump have to face the fact that one of the USA's main economic problems is robots.

A new study from Oxford University shows that nearly half of the jobs in the USA are at risk of computerisation.

Robots will likely take over 47% of jobs in the USA.

New study shows nearly half of US jobs at risk of computerisation.

The study entitled: 'The Future of Employment' estimates that 47 percent of jobs in the US are 'at risk' of being automated in the next 20 years.


Will a robot take your job?.

"Our findings imply that as technology races ahead, low-skilled workers will move to tasks that are not susceptible to computerisation - i.e., tasks that required creative and social intelligence."

"For workers to win the race, however, they will have to acquire creative and social skills."

The US education system should turn out more entertainers, artists, news reporters, lawyers...

As the US population ages, it does not need lots of immigrants to do the jobs that robots can do.

The government may have to pay a universal basic income to those with no jobs.

Trump seems to have no clear answer to the problem of robots.



Both Clinton and Trump have to face the fact that one of the USA's main economic problems is the neglect of transport and other infrastructure, particularly in the poorer parts of the nation.

Six of the ten richest counties in America are in Virginia and Maryland, clustered around the Washington, D.C., metro area.

Six of the ten poorest counties in America are in Mississippi or Kentucky.

North Carolina will not prosper unless it has brilliant road and rail links to Washington and elsewhere.

Vermont lacks a major international airport.

70% of roads in some states are in poor or mediocre condition.

Poor states such Mississippi and Kentucky need big spending on roads, rail, schools and other infrastructure.

Trump's Republicans are opposed to higher taxes, so how is infrastructure to be improved?



Both Clinton and Trump have to face the fact that one of the USA's main economic problems is inequality.

Warren Buffett says: "I was born in 1930. There's now six times as much real output per capita in the United States than there was, in real terms - six times."

"If you'd told my parents that under these circumstances, there would be millions and millions of people living in poverty, they would have said it was impossible."

Warren Buffett: Poverty In The U.S. 'Makes No Sense'

Trump plans big tax cuts for the rich.

Trump has so far released 3 contradictory tax plans

Military Spending.

Both Clinton and Trump have to face the fact that one of the USA's main economic problems is spending too much money on the military.

Trump has called for a military spending increase.



Oxford Economics has found that if fully implemented, Trump's economic, tax and immigration policies would cost 4 million U.S. jobs, weigh down global growth and U.S. consumer spending, and could spark a trade war with other nations.

Trump's economic plans could cost U.S. loss of 4 million jobs ...


A boor.

David Stevenson writes that "Trump will be an utter disaster for investors...

"After talking to strategists and macro hedge fund types my guesstimate is that a 15 to 20 per cent correction for US and UK stock markets could be on the cards following a Trump victory."

How investors can hedge against a Trump victory

Farage and Trump

How clever is Trump?

"Nigel Farage was overheard telling friends at the party's conference in Bournemouth last week: 'I would say at worst Trump is a boor,' before adding with a grin, 'actually he's a boor at best too!'"

dailymail.

 

1. Is Free Trade good or bad?

It depends.

Free trade deals help some and hurt others.



2. China?



3. Donald Trump told voters in Indiana that the US could not continue "to allow China to rape our country".

According to former UK cabinet minister John Redwood, Donald Trump is in favour of free trade.

Trump or Clinton? What would they mean for investors?.



4. Trump wants free trade agreements that allow US companies to take over the world.

Trump likes the fact that the United States records trade surpluses with, for example, Hong Kong, Netherlands and Australia.

Trump does not like the fact that the USA has a trade deficit with China.



5. A trade deficit can mean that a nation's wealthy citizens are so wealthy that they can afford to buy whatever good things that other nations have to offer.

Trump can buy whisky from the UK, perfumes from France, gems from India and toys from China.

The United States exports more than any country in the world, except China.

The USA's trade deficit is relatively small by world standards.


6. What about the The Trans-Pacific Partnership (TPP) free trade agreement, and the Trans-Atlantic Free Trade Agreement?

These will help certain big US businesses. But, some people will get hurt.


7. Trump says he wants more jobs for Americans.

Many jobs that have been lost "because of decreasing consumer demand in the U.S. and elsewhere, largely as a result of economic downturns like the 2008 crisis.

(The right wing elite have grabbed most of the money)

"That demand loss particularly impacted areas like cars, white goods, machine tools, and lots of other things that U.S. businesses and consumers alike tend to buy at home.

"Americans make 73% of what they buy here at home."



8. "Almost 90% of the decline in U.S. manufacturing jobs between 2000 and 2010 was caused by the introduction of robots and computers."

Almost Everything Trump Says

Is Trump going to ban robots and computers?



9. Donald Trump  promises to force Apple Inc. to manufacture in the United States.

If Apple makes its stuff in the USA, then either it pays wages as low as those in China, or it finds it cannot compete with Samsung and other rivals.

If US firms are going to pay lower wages, that does not help the retail industry.

An Apple video iPod assembled in China sells for roughly $300 in the United States.

Very little of that $300 goes to the Chinese firms.

"The Chinese get only about six bucksworth of value from the item’s assembly and shipment. Meanwhile, the U.S.-based Apple and its affiliates get hundreds of dollars from an iPhone’s final U.S. sale (for things like design, marketing, and even some manufacturing)."

Almost Everything Trump Says



10. Modern manufactured goods, such as Boeing 787s, are usually made from components from different parts of the world.

Boeing's 787, has a fuselage made in Italy, engines made in the United Kingdom, passenger doors made in France, cargo doors made in Sweden, landing gear doors made in Canada and wing tips made in South Korea.

Trump could force Boeing to have all the parts made in the USA.



11. But such a policy of 'Protectionism' has its risks.

In 1930, the Smoot–Hawley Tariff Act raised U.S. tariffs on imported goods to record levels.[2]

Most economists see the Act, and the retaliatory tariffs by America's trading partners, as responsible for reducing American exports and imports by more than half.[4]

So, Trump has to be careful that he does not bring about a Great Depression.



12. Yes, too many jobs have been offshored, but Trump may not realise how complicated matters are.

There are good reasons why Coca Cola has bottling plants all around the world.

The main problem is that "We have socialism for the richcrony capitalism, fascismkleptocracyoligarchy or banana republic style corruption." - Washington's Blog



13. Trump should advocate raising taxes on the rich, cutting military expenditure and investing heavily in infrastructure.


Ivanka Trump

14. The US election will probably be decided on the issue of the economy.

 "The US economy died ... when the financial system was deregulated."

The Us Economy Has Not Recovered and Will Not Recover - Paul Craig Roberts‎



15. Bernie Sanders believes that free trade agreements like NAFTAPermanent Normal Trade Relations with China, and the U.S.-Korea Free Trade Agreement have allowed too many American jobs to move overseas.

Bernie Sanders.

170 top economists have endorsed Bernie Sanders' platform regarding Wall Street, signing a letter stating:

"The Senator is correct that the biggest banks must be broken up and that a new 21st Century Glass-Steagall Act, separating investment from commercial banking, must be enacted."

Economists Say.

Trump inherited a fortune. He would have made more money if he had invested it with businesses other than his own.

"We don't have free market capitalism anymore in the U.S. (and the big banks are largely responsible).
Ivanka Trump

16. "Thomas Piketty, perhaps the most influential economic thinker of the left in the Western world, is impressed by the rise of Sen. Bernie Sanders...

"Piketty ... sees Sanders ....leading the United States toward a possible return to the nation's pioneering 20th century experiments with extremely progressive taxation and social spending...

"Piketty points to the fact that, prior to Reagan, 20th century fiscal policy in the U.S. was aggressive in taxing the wealthy - much more so than the European counterparts...

"From 1930 to 1980 ... the rate for the highest U.S. income (over $1 million per year) was on average 82%...

"Those rates ... played a tremendous role in creating social equality and helped provide crucial government revenue for robust social programs..."

World's Most Famous Economist.



"Reagan ... lowered the rate for the highest incomes to 28%...

"'Sanders' success today shows that much of America is tired of rising inequality and these so-called political changes, and intends to revive both a progressive agenda and the American tradition of egalitarianism,' Piketty wrote.

World's Most Famous Economist.

17. Donald Trump does not want to ban credit default swaps or collateralized debt obligations.

Trump has said that the federal minimum wage should not be increased because wages are already too high.

Trump wants to abolish the estate tax (FDR’s oligarch tax).

Trump wants the top rate on income to fall from about 40% to 25%, 'meaning a tax bonanza for the rich and super-rich'.

Those in the top 0.1% would see their taxes reduced by an average of $1.3 million, or 19% of their after-tax-income.

Trump’s program would increase the federal deficit by just under $10 trillion in the first decade, and then by $15 trillion in the second decade.

Trump's Art - Posing as Reformer Without attacking Power


Barron Trump

The state of Texas has the largest number of people living in districts that are severely distressed economically.

Wealth And Income Gap, By ZIP Code


One of Trump's homes.

"In the USA, the majority of those who receive some form of public assistance (medicaid or foodstamps) have jobs ... but they earn so little that they cannot make ends meet."

Web Site


The USA today.

Donald Trump wants to keep wages down, while reducing taxes on the rich, and spending more on the military.

Trump has a home in in Manhattan "designed to evoke the Palace of Versailles ...

"It boasts a cavernous hall of mirrors, acres of marble set off by ‘24-carat gold and diamond accents’, and ceilings hand-painted with cherubs and scenes from Greek myths."


Jesus loves rich guys?

"Trump also owns Seven Springs, a huge mansion outside New York in the upmarket hamlet of Bedford, which boasts 60 rooms, two servants’ wings, 15 bedrooms, three swimming pools and 230 acres of land.

"There’s another mansion in rural Virginia, a huge house on Rodeo Drive in Beverly Hills and a vast waterside pile at Mar-a-Lago in Palm Beach, Florida."

dailymail.


Mrs Trump

"Numerous reports released during the first two months of 2016 document the staggering dimensions of the social crisis facing working people in the United States. 

"A majority of Americans have too little savings to pay for an emergency expense of $1,000. One in four US adults is burdened by debts caused by medical expenses.

"More than one million working people are being cut off food stamps.

"One million retirees face pension cuts dictated by the Obama administration."

Web Site



Both Hillary Clinton and Donald Trump are wealthy members of The Establishment.

Donald trump is "like every other corporate tyrant in that his solution to most things follows the logic of Stalin: no person, no problem. You're fired!

"Except as president he'd have other people-removing options, all of which he likes: torture, mass deportations, the banning of 23 percent of the Earth's population from entering the United States, etc.

"Donald Trump is no ordinary con man. He's way above average."

Donald trump wants tax cuts that could reduce government revenues by $15 trillion over ten years.

With Trump as president, government debt could rise as high as 140% of GDP by 2026.

Donald ducks the big questions


Trump 

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Saturday, 25 June 2016

CORNWALL AND BREXIT


Cornwall

Cornwall voted to leave the EU.

Membership of the EU hit Cornwall's fishing industry.

Cornwall is a somewhat neglected area - just like Mississippi in the USA, or Barlanark in Scotland.

Cornwall has no motorways.


Cornwall

In 2004, the GDP per head in Cornwall was 79.2% of the EU average.

In 2011, GDP per head in Cornwall was 64% of the European average.[98]

The GDP per head in the UK as a whole was 123.0% of the EU average.[97]


David Cameron in Cornwall.

If Cornwall was a country, it would be poorer than Lithuania and Hungary.



The EU has been giving Cornwall £60 million (60,000,000) per year, on average.

In the last 15 years, the EU has put £1 billion into Cornwall - including improving internet connections, and helping fund the Eden Project (a cluster of giant tropical domes) and Newquay Airport.

Compare that with the £14.5 billion (14,500,000,000) UK government expenditure on London's Crossrail project.

Nearly half England's infrastructure spending is spent in London.


tompride.wordpress.com.

What Cornwall did not get from the EU was:

Motorways

A thriving fishing industry

An end to poverty.


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