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America-First Economics | MAGA Economics | James Rickards | Hillsdale Collegewww.youtube.com/watch?v=Pb1Ls8fyi4s
790 sats \ 22 comments \ @SimpleStacker 3h econ
Full disclosure, I haven't watched the whole video since it's really long. But one of the opening lines got me curious:
It's not uncertain. It's not chaotic. The Trump economic program is actually very well thought out. Think of it as two or three gears in a machine. They're well-meshed, well-oiled, they're functioning, they complement each other.
I don't know who James Rickards is, and I'm highly skeptical of that statement. But I don't think I've seen an hour-long defense of Trumponomics in a collegel-level setting before. So I'm interested in listening to this when I have more time. Maybe some of the ~econ regulars would like to share their thoughts too, though I understand that an hour long video is a big investment.
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134 sats \ 4 replies \ @Undisciplined 3h
I’m quite curious about it. I recognize James Rickards’ name but I’m blanking on who he is.
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69 sats \ 2 replies \ @grayruby 3h
#1330665
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40 sats \ 1 reply \ @Undisciplined 3h
Goldbug doomer is usually the answer to “Where do I know that name from?”
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69 sats \ 0 replies \ @grayruby 3h
I quite liked his first couple books but then they all seemed to be the same recycled doomerism in a new package.
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89 sats \ 0 replies \ @SimpleStacker OP 3h
Yeh, I may give it a full viewing later when I have some free time or a long drive.
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67 sats \ 7 replies \ @justin_shocknet 2h
I'm highly skeptical of that statement.
The institutions that shape world's largest economy have effectively unlimited resources to put people in think tanks, gather intelligence via the IC, run psyops, and coerce industry.
Everything happening is part of decades of planning. The enemy gets a vote of course, and optics are important, so there's obviously friction. That's exactly what "war gaming" is for.
It's insanely naive to assume things at this level aren't planned with unfathomable precision, letting people think they're incompetent and just winging it is the most successful psyop ever pulled.
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0 sats \ 0 replies \ @kepford 29m
letting people think they're incompetent and just winging it is the most successful psyop ever pulled.
GW Bush admin
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0 sats \ 5 replies \ @SimpleStacker OP 2h
I suppose you're not a fan of Hanlon's Razor
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0 sats \ 0 replies \ @kepford 25m
Why do I think this is Occam's razor? Getting Mandela effect vibes for real. Second time I have had this happen.
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0 sats \ 3 replies \ @justin_shocknet 2h
Actually, that's very consistent with what has played out.
Stupid, high time preference people, within a poor incentive structure imperiled national security over decades, in many cases under foreign influence. Traitors everywhere, America for sale.
Occam's razor on the simplest explanation:
The government is not a monolith, the national security state's immune system kicked-in to fight the disease.
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0 sats \ 2 replies \ @anon 1h
You know, you could be wrong.
And the Trump people could be just a bunch of morons who also happen to be corrupt which is far more likely.
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0 sats \ 1 reply \ @justin_shocknet 50m
Morons don't get a seat at the table unless they're put there by the not-morons who control them
Can debate the where/whom on provenance of decision making/planning, but it's an entity a lot smarter than you.
Any bias to the contrary is just cope.
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0 sats \ 0 replies \ @kepford 24m
One thing I am sure of. Trump's admin is not full of morons.
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67 sats \ 3 replies \ @grayruby 3h
He wrote a bunch of books. He is a gold bug doomer, bitcoin skeptic, but his books are pretty good.
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40 sats \ 2 replies \ @SimpleStacker OP 3h
That makes me even more curious why he has positive things to say about Trump's economic plan. Unless he's part of Trump's economic team?
Goldbug doomerism doesn't compute for me with things like 50-year GSE backed mortgages, $2,000 baby bonuses, pressuring Fed to lower rates, and all the other shenanigans that Trump is doing.
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0 sats \ 1 reply \ @grayruby 3h
I haven't followed his stuff in years. I read his first three books but grew tired of the same old repackaged doomerism. Calling for a financial and stock market collapse every year and going back on the gold standard.
He is a very smart guy. He just have a pessimistic outlook.
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40 sats \ 0 replies \ @justin_shocknet 2h
His typecasting was before the regime change, to influence change you need to articulate what's wrong with the status quo.
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67 sats \ 2 replies \ @winteryeti 3h
The first rule in debt management is to stop spending like drunken sailors. Talk about economics means nothing if we keep spending like a firehouse out the back door.
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0 sats \ 1 reply \ @SimpleStacker OP 3h
Well, that's why I'm curious to hear what he has to say. Because, yeah, it looks like we're just spending like drunken sailors with no plan right now.
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0 sats \ 0 replies \ @anon 1h
Borrowing 2 trillion a year, about 6 billion a day, or about 70 thousand per second.
Tick tock next block
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0 sats \ 0 replies \ @Solomonsatoshi 29m
Trump is recognising and responding the threat Chinas mercantile economy poses to US hegemony. This is quite an achievement given that most US voters do not understand the extent of the challenge facing US hegemony. Trump is doing probably as much as can be done but the real question is whether it is enough. I doubt it is but at least it is a start to responding to the challenge well ahead of the populaces ability to even acknowledge the problem. The reality is China enjoys a significant lead in terms of its strategic investment in gaining domination over the acquisition and implementation of industrial and post industrial technology and production. In the realm of energy China has a huge lead in electricity generation while USA is regressing upon increasing dependence upon fossil fuels. USA is on the back foot and has probably lost the game- but time will tell. Increased financialisation will not fix the damage done by decades of neoliberal sabotage of the US industrial base. Only rebuilding the productive capacity of the US economy will stand a chance of responding successfully to Chinas mercantile program.
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0 sats \ 0 replies \ @kepford 33m
Mercantilist?
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