Gyroscopic Investing

Posted: **Sun Aug 23, 2020 11:10 am**

Wow, that is quite a tour de force.

Here is what I think is the key quote:

To some extent, that continues for those in the current administration who are trying to advance the Free and Open Indo-Pacific Strategy to ensure freedom of navigation and trade,

Bingo. This group wants a return to free trade. That's about offshoring manufacturing to places where people are worked to the bone for 25 cents an hour with zero safety or environmental standards. And keeping wages low and unemployment high in the unskilled/low-skilled job market in the US, helped along by unlimited low- and unskilled immigration.

The antithesis of this position is precisely why Trump was elected in the first place. Not to mention, didn't we just see the consequences of relying on offshore manufacturing for critical health care supplies?

Posted: **Sun Aug 23, 2020 11:21 am**

One of many baffling things about the behavior of Donald Trump is why did he put some of those same neocon warmongers like John Bolton and Eliot Abrams in charge of things? Bolton eventually quit/got fired but why was he hired in the first place as his is the first name I think of when I hear the term neocon warmonger?

Posted: **Sun Aug 23, 2020 2:32 pm**

WiseOne wrote: ↑Sun Aug 23, 2020 11:10 am Wow, that is quite a tour de force.

Here is what I think is the key quote:

To some extent, that continues for those in the current administration who are trying to advance the Free and Open Indo-Pacific Strategy to ensure freedom of navigation and trade,
Bingo. This group wants a return to free trade. That's about offshoring manufacturing to places where people are worked to the bone for 25 cents an hour with zero safety or environmental standards. And keeping wages low and unemployment high in the unskilled/low-skilled job market in the US, helped along by unlimited low- and unskilled immigration.

The antithesis of this position is precisely why Trump was elected in the first place. Not to mention, didn't we just see the consequences of relying on offshore manufacturing for critical health care supplies?

But have the policies been effective?

Tarriffs begat counter tarriffs.

More farm bankruptcies.

More subsidies to industries where owners vote republican (Farms), but not, say, Solar.

Deficit in goods up 15% (per quote in https://www.google.com/amp/s/amp.cnn.co ... index.html)

I'm all for stopping the race to the bottom and more manufacturing in the US.

But doesn't look like there was any real strategy to make that happen or analysis of how other countries would react and those impacts to the US.

Gyroscopic Investing

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