The horizon is not so far as we can see, but as far as we can imagine

Category: Trump Era Page 3 of 15

End Of Empire: Effects & Theory Of Trump’s Tariffs

Let’s deal with the big, almost certain effects first.

This is the beginning of the end of  the American alliance system, empire and world economic system.

Trump is planning on putting tariffs on Europe, too. He put higher tariffs on Canada, supposedly one of America’s closest allies, than on China. Hitting the majority of America’s vassals/allies all at more or less the same time, with them retaliating with their own tariffs means an end to the American created world economic system. It will also lead to the end of NATO and, in time, other alliances. Europe’s mainland isn’t practically subject to threat of invasion from the US the way that Canada and Mexico are, they don’t have to put up with this, but threats to Greenland make it clear that the US is more likely to invade an actual EU member than Russia is.

Hard to have an alliance with a nation you’re in a trade war with who is threatening to invade one of your countries and who, by all accounts, is serious about it.

And while the tariffs are all justified on “national security” which is “letter” legal, everyone knows that’s bullshit. Trump is violating the purpose of the WTO, USMCA/NAFTA and other trade treaties the US has signed.

There’s no way the world trade order survives this and no way the American empire does either, since it’s based on an alliance system and bases around the world, many of which are in countries Trump is declaring his trade war on. Even countries who escape tariffs for now can’t feel secure. Ironically it’s the tariffs on Canada which will do the US the most international harm: everyone knows that Canada has been a completely supine vassal giving to the US everything it wants. Canadian exports, minus oil and gas, are less than its imports from the US, so there’s no legitimate re-balancing argument, even. Foreign leaders have read reports making this clear.

Alright, enough about the top-line effects. Let’s look into the theory of tariffs Trump appears to believe.

Trump has nominated Stephen Miran American to be chairman of the Council of Economic Advisers. Stephen is a senior strategist for Hudson Bay Capital management, and he wrote a 40 page brief, primarily on tariffs, called “A User’s Guide to Restructuring the Global Trading System.

The most important part of his thesis is the following argument about the effect of tariffs.

1) The currency of the exporter will depreciate to make up the difference in cost.

2) Consumer prices will not go up, therefore;

3) the exporting country is damaged, the importing tariffing country is not.

4) But the tariffing country does get revenue! Free lunch, in other words.

5) Importer profit margins take any hits hits not covered by the exporter’s currency depreciation, not prices, or at least they did last time.

This argument is given empirical backing by looking at what happened when Trump imposed tariffs during his first term: the Yuan depreciated and consumer prices didn’t rise.

Let’s run thru this.

  • China tends to control the price of its currency. If the Yuan depreciated, it’s because the Chinese government chose to depreciate it. They may not choose to do so this time.
  • America has no option but to buy from China. From machine goods to basic electronics to parts for America’s defense industry, there are no domestic or European alternatives for much of it.
  • China doesn’t, therefore, have to depreciate its currency. It might sell less goods, but it will still sell tons. It’s a political decision.
  • If the exchange rate does drop, or balance, which is not a sure thing, even with non-controlled currencies, then US exports to that country become more expensive, and the exports to that country drop. In the case of Canada, which imports more goods from the US than vice-versa, what is likely to happen is import substitution: Canadian importers will probably switch to China.
  • In fact, this will be a general issue. Any country the US puts tariffs on will replace a lot of imported US goods with Chinese goods.
  • Not all importers can eat the losses. The reason Trump put only 10% tariffs on oil and gas is that American refiners have thin profit margins. Any increase in crude prices from tariffs will be passed on to consumers. (Aside: this is clearly the Achilles heel and Canada should put an exit-tariff on crude to hurt the US as much as possible.)
  • Importers also don’t have to eat the price increases. In the pre-Covid world, there was a lot less consumer inflation. But when Covid happened, prices increased faster than costs because Covid supply shocks were a good excuse to raise prices. Some importers may eat the increased costs, others may pass them on, and even raise prices more than the tariffs. If they have pricing power, if people must buy from them, then why not? Fear of Trump might cause some to eat the difference, but there are a lot of obscure, little importers. Apple passing on costs or gouging will be noticed so they’ll probably eat it. Others won’t.
  • The money the government receives comes from Americans, really, not foreigners. They pay the tariffs. There are elites who are going to be hurt by Trump’s tariffs.

What Miran doesn’t talk much about is the idea of import substitution. The real reason to do tariffs is to protect and nurture internal producers. This is important to Trump, he’s talked about it often.

With respect to Mexico, the idea is to get factories in Mexico to move to the US. They exist in Mexico primarily because Mexico used to have tariff free access to America, and has lower costs than America. There will be some effect here. The calculus will mostly be about uncertainty, though, not costs. In most cases producing in Mexico is probably still cheaper, even after a 25% tariff, than producing in America. But given how erratic Trump is, and that he’s indicated there may be more and higher tariffs, it may make sense to move factories to the US. The US won’t tariff itself.

But this is more complicated than it looks, because the US doesn’t make most of the parts any factory will need, so those have to be imported, and tariffed, or a supply network needs to be built in the US.

That’s what the US wants. If you want sell to us, you have to make it here, not just assemble it.

This is fair enough, actually, but it’s based on an assumption of continued dollar privilege.

Take a look at this chart:

The US is able to run these long term, consistent trade deficits because of dollar privilege. It can print dollars and everyone will take them.

But if the US world economic system is breaking up, if NATO is likely to die, and if the US is tariffing its allies, will dollar privilege survive? After all, you don’t really need dollars to buy from the US, because the vast majority of what you buy from the US you could buy from China instead, and Chinese prices are cheaper. If America doesn’t want you to export to them, well, what good are the dollars?

This is why Trump has been making horrific threats to BRICS about replacing the dollar. BRICS has reassured them it doesn’t intend to do that, but it’s not clear they aren’t lying and in any case, what BRICS has mostly been doing is changing from using the US dollar in trade to just using bilateral currencies. More and more, BRICS members trade with each other in their own currencies, without using the US dollar.

This chart, again from the Visual Capitalist, is worth staring at a bit:

As the chart notes, the US dollar is still , but that chart isn’t comforting. Remember that China, not the US, is the trade partner of the most nations in the world. And note that while the US is China’s export destination, exports to the US accounted for 2.9% of Chinese GDP, down from 3.5% in 2018. Eighteen percent of China’s exports went to the US in 2023.

The point, here, is that if you can’t sell to America because of tariffs, and if the US doesn’t have much you want to buy because China is cheaper, why do you need the US dollar?

If the US dollar loses privilege, if people won’t accept it because it can be used in trade with any country, then America has a problem: it can’t just print dollars any more and if it can’t print dollars any more, Americans can’t keep massively over-consuming.

This means a massive demand drop from Americans: they will have to consume much less. You might think that means an opportunity for American firms to step into the breach, but this will happen with very little demand from in the American market (and with the trade war, no one else is going to be buying from the US as their first, second or third choice.)

The American cost structure is high and American “capitalists” prefer to play financial games to make things. The American competency crisis is real, and not caused by DEI. The market has high barriers to entry, incumbents addicted to oligopoly profits and no basic machine industry and almost no basic electronic parts manufacturing.

The transition period will be ugly. Beyond ugly. Quite likely “economic collapse” level ugly.

There was a way to use tariffs and industrial strategy, but starting a trade war with half the world all at almost the same time was not the way to do it. You pick sectors (start with machine tools and basic electronic and machine parts), tariff that, put in subsidies and restructure the market for those goods. Once that’s going, you move back up the chain.

That’s how you use tariffs and industrial policy to reindustrialize.

Trump’s tariff plans are based on assumptions that are not going to hold in the real world, during a global trade war. Tariffs are important and often good and I support their use, but like everything else, they must be used intelligently.

Enough for today, we’ll talk about the effects (almost entirely positive) of Trump’s tariffs on everyone else in the world next. Trump is doing what no one else could: destroying the American empire and the neoliberal world order. I’m very thankful and as long as we can avoid war Trump’s actions are positive in the middle to long term for far more people than they’re bad for. Just, well, not Americans in the short to middle term or anyone who gets invaded.

More soon.

This blog runs on donations and subscriptions from readers. It’s free, but not free to produce. If you value it, please give.

Musk’s In A Lot of Trouble And Won’t Be the World’s Richest Man Much Longer

I’ve discussed this before, so we’ll keep it brief. Much of Musk’s wealth is in Tesla stock. Tesla car sales are down, and getting hammered particularly, but not only, in China. The Chinese are producing better, cheaper electric vehicles with autonomous driving which actually works, because they use Lidar, which Musk personally decided not to use. Even Western carmakers are catching up to and exceeding Tesla vehicles.

Musk tried to get a fifty billion dollar payout from Telsa, which was spiked in the courts, because, I suspect, he knows Tesla’s going down. He’s been systematically selling Tesla stock, but he can’t sell too much at any given time. So right now he’s trying a parlay, he has to keep Tesla stock up for as long as possible to get as much money out. His strong support for Trump was almost certainly based on the need to keep Trump from ending electric vehicle subsidies, which, so far, Trump has done, even though he was very hostile to them for much of the campaign.

Now don’t feel bad for Musk, he’ll still be one of the richest men in the world, but for whatever reason: distraction, rumored drug use, health or something else, he’s not handling the day to day, month to month business of managing his corporations very well. X/Twitter has bled users, losing millions and while advertisers are coming back, that’s only to kiss up to him for as long as he has Trump’s ear, and Trump is fickle with who stays in the inner circle.

SpaceX is doing well, but SpaceX is still, mostly, a creature of the government, with the exception of its satellite internet. Its success was made possible by Obama policies intended to build a private space industry. It still requires government contracts and aid to do well.

If I had to make a bet, I’d bet on Blue Origin, Bezos’s space outfit. Yes, it’s far behind, but Bezos is an operator and still seems very skilled and focused, unlike Musk. And with him stepping away from day-to-day operations at Amazon, he’s got the attention to spare on what is a dream from him: he made the money at Amazon so he could do space.

The Chinese space program, as you’d expect, is doing very well, including putting up satellite internet which appears to outperform Musk’s, but America is never going to pay China to use its lift capacity so there’s a guaranteed moat.

Musk, in short, has almost certainly peaked. His political actions are, from a business perspective, necessary because he’s screwed up his core business and needs powerful government access. His competitors are chewing on his heels, he personally seems to be in some sort of decline, and his days as number one are drawing to a close.

 

This blog runs on donations and subscriptions from readers. It’s free, but not free to produce. If you value it, please give.

Trump Has Caused A Constitutional Crisis

Stirling Newberry pointed this out, and I agree.

Some of Trump’s Executive Order are clearly illegal, unconstitutional, or both. Trump can’t get rid of Birthright Citizenship and his order goes clearly against the written text of the amendment:

All persons born or naturalized in the United States, and subject to the jurisdiction thereof, are citizens of the United States and of the State wherein they reside. No State shall make or enforce any law which shall abridge the privileges or immunities of citizens of the United States; nor shall any State deprive any person of life, liberty, or property, without due process of law; nor deny to any person within its jurisdiction the equal protection of the laws.

This isn’t open to interpretation. There is no wiggle room.

Trump’s freezing of grants is likewise straight up unconstitutional. Congress decides who gets how much money for what purpose. The President executes Congress’s orders. If Trump can decide who gets how much money for what purpose when Congress has not given him that permission, then there aren’t three branches, but two.

Stirling has a longer article making the case with reference to other executive orders, and it’s worth reading, but these two are clear cut. There is no wiggle room, though many people are trying to find some.

The play here is simple: what Trump’s doing is unconstitutional and illegal, but the Supremes are controlled by the Republican party, so they are expected to ignore the plain text of the constitution and the 14th amendment and find some torturous justification for Trump’s actions.

This is another step along the line to the Imperial Presidency.

You should also be very unhappy about the domestic use of troops for domestic law enforcement. That crosses a bright red line for obvious reasons. Likewise Trump is stepping all over State’s rights.

(Stirling also has a series of articles on the future of the Center Left. They’re worth reading. Remember that he has aphasia, and pay attention to the argument and the ideas, ignoring any awkwardness. Go to the article linked, click on the first article and work thru.)

Trump is also fundamentally changing the role of America in the world order. Rather than being the central hub of treaty network, the imperial core with vassals and subjects who are, mostly, treated well as long as they stay in their place and gave the US their resources, which the US paid for by printing currency. Trump has now decided to end that era, and to fully commit to cannibalizing America’s allies. Odds of NATO’s survival are bad, and it’s a dead letter when Trump can threaten war against Denmark, one of its members. Everyone sees this, but people are so aghast and taken back most aren’t calling it out yet.

There is also a changeover of oligarchic elites. Previously the financial elites ran government. The tech elites are now moving and taking over much of that role. They have different priorities than the old financial elites and instead of being neo-liberals, they are utopian technocratic neo-fascists. They are convinced that they are superior people, even more so than the old elites and that everyone should do as they say. Everyone else to them, is stupid and unfit for power. Government, to them, must be rid of what little remains of its regulatory powers so they can do what they want, unconstrained by legal burdens. “You can just do things” is prescriptive: there have been some limits, and they want as many of those limits removed as possible.

This is a constitutional crisis. If Trump succeeds, there’s a very different country afterwards, run in a very different way by very different people, creating a very different international order.

This blog runs on donations and subscriptions from readers. It’s free, but not free to produce. If you value it, please give.

 

 

Trump’s Laughable Sanction Threats Against Russia

The US thru a kitchen sink of sanctions at Russia after the start of the Ukraine war, including freezing their foreign assets. The result?

The number is exaggerated, given Russian inflation, but even inflation adjusted, Russia’s doing fine.

It is impossible to choke out Russia with sanctions if China isn’t willing to go a long. (India not cooperating is the cherry on top.) Cannot be done. Impossible.

In fact, sanctions against Russia have been a huge favor to it, forcing a vast surge in import substitution, improving its industry, creating a booming economy whose only real problem is inflation. Russian oligarchs have been forced to spend their money and effort in Russia instead of wasting their money in the West. Meanwhile the sanctions have damaged Europe massively, though somewhat to the benefit of America, since much energy-intensive industry in Europe is shutting down and moving to the US.

If Trump wants peace for Ukraine with Russia he’s going to have to offer a good deal. Threats won’t cut it. Or just wait for the Russians to win and impose a peace.

Since Trump appears to be reducing aid to Ukraine, that will happen sooner than otherwise. Perhaps it’s his real strategy, or more likely, he’s simply incoherent. Russia halting along the current lines would be stupid of them, since they’re advancing inexorably and all reports are of significant Ukrainian manpower shortages.

Trump’s always been a bully, but Russia isn’t one of America’s vassals or satrapies. It’s a junior ally in the Chinese sphere, and Trump doesn’t have the economic or military leverage to make it do anything. The only country in the world which can force Russia is China, and China isn’t going to help America v.s. Russia under any likely Trump policy regime.

This blog runs on donations and subscriptions from readers. It’s free, but not free to produce. If you value it, please give.

Drill, Baby, Drill; Screw Immigrants; End the 14th Amendment; Climate Change Ho! Trump’s Day One Actions

What can I say, it’s an old picture, but I like it

The Guardian has a pretty good list of Trump’s executive actions day one.

January 6th pardons are the most interesting, to me. Trump should have granted these pardons before leaving office in 2020 but I’m sure they’re still a great relief to those charged or imprisoned. (I actually know one guy who wound up in prison because of J6.) When I say “should” I’m not expressing support for them storming the capital, just noting that a smart leader protects his most fanatical followers. Might need them again, after all.

There are a bunch of oil and climate related orders, which amount to “drill more, and screw any anti-climate change policies or agreements” including leaving the Paris accords. I’m not that worked up, Biden massively increased drilling too, he just protected a few places from it. As for the Paris agreement, it’s always been a dead letter. I notice that Musk has skated by, at least so far, Trump got rid of the “goal” to have half of all autos be electrical, but didn’t get rid of the subsidies, without which Musk would lose hundreds of billions of dollars .

Trump also ordered more work on the wall (Biden hadn’t actually stopped building barriers), ended appointments, seems to have effectively ended refugees and most impressively ordered all government departments not to issue documents related to birthright citizenship of any children born to illegal refugees. This is in direct violation of the 14th amendment as written, but given the makeup of the Supreme Court, the 14th may be a dead letter. He’s also declared an “emergency” so that troops can be deployed to the border, which would otherwise be illegal.

He has declared Mexican cartels terrorists and I’d guess he’s thinking of launching raids across the border, without Mexican government permission, which is going to be a nightmare.

All genders other than male and female have been declared non-existent, all policies allowing or encouraging gender change are disallowed, and the government can’t fund anything. Anti-trans hysteria continues. Pure pandering from Trump, as he’s suggested in the past that he doesn’t really care but is happy to whip up crowds with it. DEI related executive orders have been rescinded. Won’t do a thing to help the competency crisis, but more red meat.

Trump has also removed Schedule F protection for Federal civil servants from arbitrary dismissal. This will be challenged, but the consensus seems to be he’s within his rights. I’m not super worked about this, winning political parties should be able to put their people in place and it will work to the advantage of future Presidents as well.

Overall there’s not much here that’s surprising. For immigrants the real question is his planned immigrant roundups and expelling, which seem likely to start soon. The border guards were always his most loyal servants among the paramilitary forces and I’m sure they’re salivating at the opportunity to beat people up and degrade them.

The most interesting thing is that Musk has thus far bought himself a reprieve. Were I him, I’d showboat less, because Trump doesn’t like people who steal his limelight. Musk was essentially created by Obama era policies and subsidies favoring both private spaceflight and electric cars, and he can be destroyed just as easily by a hostile President.

SUBSCRIBE OR DONATE

Doctorow Has the Best Idea for How Canada Should Retaliate to Trump’s Tariffs + Make It So Americans Can’t Drive

Just break the IP laws and set up app stores with 5% feeds. Create jail break kits for John Deere tractors, and so on.

There’s no reason that a Canadian app store would have to confine itself to Canadian software authors, either. Canadian app stores could offer 5% commissions on sales to US and global software authors, and provide jailbreaking kits that allows device owners all around the world to install the Canadian app stores where software authors don’t get ripped off by American Big Tech companies.

Canadian companies like Honeybee already make “front-ends” for John Deere tractors – these are the components that turn a tractor into a plow, or a thresher, or another piece of heavy agricultural equipment. Honeybee struggles constantly to get its products to interface with Deere tractors, because Deere uses digital locks to block its products:

https://honeybee.ca/

Canada could produce jailbreaking kits for John Deere tractors, too – not just for Honeybee. Every ag-tech company in the world would benefit from commercially available, professionally supported John Deere jailbreaking kits. So would farmers, because these kits would restore farmers’ Right to Repair their own tractors:

This is the ultimate “break glass in case of fire” situation. US elites make a ton of their money from IP, and breaking it would hurt them extremely. It’s something I thought Russia could do in the face of American sanctions, but why not Canada? If the US won’t keep its deals with us, any deals we have with it are ours to break.

And Doctorow’s right that this is the perfect retaliation: any sort of exit-tariffs or retaliatory tariffs hurt Canada too. This just hurts the US, and hurts the decision makers, not ordinary people. Heck, many of them might benefit.

To make this really work, and make sure the population backs it, share half the profits with Canadians: just split them evenly.

If the US wants Canada to not be its good ally, then why not become a semi-neutral country? We can sell to the US and China and Europe, and become a data haven.

The other, less fun, but very devastating thing to do is to cut off raw crude. US refineries are reliant on Canadian crude oil, and by about a month after Canada doing so there would be absolute shortages of gasoline in half of America. Not “the price is high”, but “we don’t have it.” Canada can handle this for a few months. Just cover the company losses and insist they keep paying workers until we say otherwise.

Finally, and obviously, all countries being hit my Trump tariffs should get together, support each other and work to hurt the US and Trump as much as possible. Trump’s handed us allies, we should use them.

SUBSCRIBE OR DONATE

Gaza Ceasefire Proves Biden Wanted Genocide

Trump famously said that he wanted the hostages released by January 20th or there’d be hell to pay.

Well, we now have what appears to be a ceasefire deal. All hostages won’t be released by the 20th, but it won’t be long afterwards.

As Ryan Grim states, Biden wasn’t “weak”, he was for the genocide. And as many of us noted, the war could always have been ended by the US with one phone call, because it could not be waged without US support. Israel is completely dependent on American weapons and ammunition shipments, as well as US economic aid.

Lots of stuff is still up in the air, including who will control Gaza afterwards, and we’ll see if Israel actually lets aid in. But the deal appears to be basically the same deal as the one offered in July which Netanyahu kiboshed. The difference now is that Trump, even if not officially President yet, is calling the shots. Biden could have ended it in July and saved a ton of lives.

I’m a little surprised by this, but apparently Trump wasn’t just pandering to Muslims when he said he’d end the war. As for Biden, he’s human filth, a genocidal bastard. I refused to endorse him because I won’t support genocide, period.

Those who said Trump would be even worse for Gaza appear to have been wrong.

Don’t support genocide. Ever.

This also appears to be a loss for Israel, though it will depend on the details. Israel’s goal was ethnic cleansing at the least. If the Gazans keep control of all of Gaza, Israel lost. Frankly, at this point, not something I expected, but we’ll see as the deal and Israeli compliance with the deal becomes more clear.

America is in decline, possibly terminal decline, but it’s still a great power and Israel is entirely America’s creature, though the influence of AIPAC often makes it unclear whether the dog’s waving the tail, or the tail the dog.

SUBSCRIBE OR DONATE

What Should Europe Do About American Cannibalizing It & The Chinese Threat?

So, Trump has threatened, most of the world, including most Germany and much of Europe, with 25% tariff rates. Under Biden, with the destruction of three of the four underseas pipelines from Russia to Europe, along with sanctions, Germany in particular and Europe in general have been losing energy-price sensitive industry to America. They close down in Europe, they open up in the US. Natural gas from America is much more expensive than Russian gas.

Meanwhile, the Chinese are coming on strong in automobiles and other consumer goods. Right now it’s mostly hitting European exports, so much so that BMW is planning on shutting down plants. The Euros have sold a lot of cars to China, but domestic producers are now cheaper and in many cases better, especially EVs.

Down in Africa, practically every country that France had troops in has or is planning to kick them out. The French bought a lot of resources from their ex-colonies at cheaper than market prices and screwed their ex-imperial possessions on loans and even charged some for “infrastructure built during colonization.” Now that those nations can get security from Russia and goods from China, they’re kicking the French out en-masse.

No love lost. Can’t imagine why people would be upset by being conquered, then charged for it. Ungrateful bastards.

Anyway, all of this has put Europe in a pickle. They’re behind China, the US, Japan and South Korea technologically. Their goods can’t compete with Chinese goods, and they’re losing their access to cheap resources from Africa, and have cut themselves off (with an explosive assist, almost certainly from the US) from cheap Russian resources. Meanwhile Trump is threatening Greenland, and saying the Euros need to spend more money on NATO.

Fun times in the garden. Nothing the Euros don’t deserve for refusing to end their vassalization back in the 2000s when they were up and the US was other occupied, but water under the bridge and all that.

So what should the Euros do? (Not what will they do. They love being American vassals and may well hug trumps leg as he kicks them until they cough blood.)

Well, for one, end the anti-Russia BS. If the Eastern Euros don’t like it, the Westerns should just kick them out of the EU or end the EU and start something else. Poles talk big, but they suck at the Euro teat. The Americans aren’t going to send them as much money as the EU does. If they want to be anti-Russia while Germany loses all its industry, get rid of them.

Russia has constantly stated its happiness to start selling to Europe again. Sure, China and India will buy their resources, but without Europe they lose a lot of bargaining power. Plus they built all the infrastructure and it can be fixed.

Second, reasonable trade deals with everyone else the US under Trump is fucking with tariffs. Canada and Australia are a good start. Japan seems to be avoiding the tariffs, but is worried and still pretty anti-China. Cut a deal with them as well.

The issue is that Europe has a high cost structure. Prices for their goods can’t compete with China. They need resources. Canada and Australia and Japan are high cost producers.

Form a trade bloc. Put up their own tariffs so that their domestic industry can compete. Insist that the Chinese build factories in country to avoid the tariffs. Europe’s still high income. Foster tech transfer from China. Massively invest in tech and science. Shut up about Chinese human rights, it’s none of their business and after Gaza it’s laughably hypocritical. China isn’t genociding the Uighurs, even if they don’t treat them great. So zip it.

Make your own trade area, consisting of high income, high cost structure nations with whom you can compete. Tell the US to fuck itself (politely but firmly) and rebuild the European military, not as part of NATO but independent.

France has nukes, expand that program and get them on modern missiles. Put allies under the European nuclear shield.

Form, in other words, a third pole.

Oh, there’s more that needs to be done. Neoliberal austerity needs to end, rents and housing and stock bubbles need to be slammed into the ground, and it needs to be policy that if you want to get rich you have to actually make stuff. No more finance bullshit, or landlordism.

But start by ending Europe’s vassalization and forming their own bloc.

Europe needs to grow up. The era of being America’s ally, and having a good standard of living without really having to work for it is over. America’s declining and they want to cannibalize their vassals to slow or (they hope, but hah) reverse the decline.

Don’t let them.

SUBSCRIBE OR DONATE

Page 3 of 15

Powered by WordPress & Theme by Anders Norén