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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 494.56+3.9%Jan 28 4:00 PM EST
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To: Cogito Ergo Sum who wrote (147142)3/18/2019 7:57:39 PM
From: Elroy Jetson1 Recommendation

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elmatador

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One of my favorite stories is Charles Dickens first trip to America and he became horribly upset and depressed when his adoring fans told him he was the best-selling author in America. What Dickens knew and his fans didn't was America still had not signed a copyright and patent treaty with England, so Dickens didn't see even one cent of the sale of his books in America. Not only books, but America stole all of the latest steam engine and mill designs from England while making them better with significant improvements. That's the way it can be with a scrappy young economy.

Eventually the newer economy wants equal access to markets for their goods, so they realize it's time to put on their "big boy pants" and follow international law and the laws they agree to with their trading partners. China has already signed these agreements with the US and Europe but simply refuses to abide by them fully.

That's the way it was when America which began prosecuting Americans who violated foreign copyrights and patents. To some, the US government had become a running dog lackey of foreign intersts - but it was a change which had to be made for the better welfare of all Americans.

This is why it became US policy to find ways to prosecute the violation of US and international law by Chinese or other companies based in nations which don't enforce laws. Initially it's the carrot, sign these agreements and see how gloriously rich you will become as trade increases, but if they follow the agreements just good-enough-style, then their trading partners replace the carrot with the stick.
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But Trump naturally possesses the attitude of a pimp or a drug dealer. He's willing to turn a blind eye to crimes anyone might commit, just so long as they promise to buy more of his products.
"I don't care if you have to rob that grocery store to get the cash to buy my drugs or use my hookers . . .

. . . just so long as you have cash to buy more of my drugs and hookers.

I'm not a cop after all, just a simple merchant."
Long experience has shown that this attitude cannot create a stable long-term relationship, but criminals notoriously care far more about now than they care about later consequences. That irrationally blind impulsiveness is what makes them criminals. It's the very attitude of the Japanese Empire before WW-II. Very short-tem thinking and it has predictable results, which aren't initially apparent.

That's a not mentality which is fairly representative of American culture, but probably does represent the views of Trump supporters, which also tell you who they are.
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