One of Biden first order of business is

Oculus Spirit [97727]

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The Iran deal sucked. But that's pacifism not globalism

Nov 19, 2020, 9:37 AM

Wrong ism to associate with it.

Globalism is the only thing keeping our economy from collapsing, well one of a few things, and certainly the biggest. It's easy to bash globalism, and globalists, and there's some merit in their bashing. BUT, we are at a point, and have been for some time, where it's like bashing the hand that feeds you. Not smart.

I am absolutely not shocked at all that Trump failed to balance our trade deficit. With China or anyone else. He failed to build a border wall, or stop illegal immigration. He didn't end NAFTA, he renamed it. He didn't pass a tax cut, he juggled the law to make it revenue neutral. But he did run on all that stuff, and struck paydirt.

What mouth breathers don't understand, but BOTH Republicans AND Democrats in Congress know, is this game that we've played with out economy for 4 decades now, it relies on globalism. Why couldn't Obama with a dem congress, not get minimum wage increased? Why could Trump, with a GOP Congress (also for two years), not get $5 billion for a border wall passed? Only became a crisis after the midterms and dems too the House. Why was spending never cut under Trump?

There's a very good answer to all of this. Debt. We run on it. It lets us buy more and bigger houses, nicer cars, take nicer vacations, and have nice things. How many times have you heard about the Fed dropping rates to "spur the economy"? That's just making debt cheaper to service, so you can buy more with it. It's STILL THERE. Illegal immigrants provide you about a 20% discount on your house. They provide you with cheaper burgers, a cheaper roof, and cheaper overall labor. They cheapen the cost of DOMESTIC labor. But there's a whole other aspect to cheapen labor and prices. Foreign labor is cheaper, more plentiful, and can be used to deflate prices even lower for imported goods. Cars, underwear, food, whatever. To keep debt cheap, and prevent inflation of the dollar, you have to keep prices down, and foreign labor, and illegal labor domestically, make that possible. That allows the fed to drop those rates, banks to lend more, people to borrow more, and have a bigger house, a nicer car, and nice electronics, etc.

That gig is up now. I'm closing on a 2.125% loan today. INSANE. And that's because the ridiculously low 4.5% loan I had previously, got 50% cheaper with the lowering of rates some more. HOWEVER, 2% is 50% of 4%. 1% is 50% of 2%. The danger of even minor inflation is inflated at these low rates. That extra house you purchased? That's affordable at 2%, but your mortgage payment doubles at 4%, with just a 2% tick in inflation (unless you're locked). We spent $400 billion to service our $24 trillion national debt before we shot it up to $27 trillion and then summarily dropped lending rates. Fine. But the greater the debt, the greater the impact of inflation. The less and less it takes to cause an economic crisis with the dollar. We are at a point where 5% inflation (a healthy level for a growing economy), will bankrupt our nation. We survived 15% inflation in the early 80's, which actually started this whole ball rolling actually. If we stop illegal immigration, and balance our trade deficit, we hit 5% inflation, or more. Our government then can't fund our debt payments much higher than that. Your lender defaults on your mortgage at 5% inflation. We MUST keep using foreign cheap labor and illegal domestic labor. They are the two biggest keys to keep this plan going. This was why Trump was seen as so dangerous, by both parties. It's also why he failed to deliver. I'd argue he never planned to, just wanted the votes from the people who don't understand our situation.

As for the Iran deal, it's insignificant overall. It's not part of "globalism" though, but more akin to pacifism really. To keep globalism running. Keeping the world peaceful is important to keep the cheap labor flowing.

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Hayell, they prob already got several nukes...***

Another great success for the Trump administration!***

He has more than one first order of business?***

Re: He has more than one first order of business?***

The Iran deal sucked. But that's pacifism not globalism

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