2025-08-25
Old hand Bill seen-it-all-before Bonner writing for Investor's Daily discusses the Trump tariffs phenomenon and whether it will succeed in making stuff in America once more.
Now it is true that the West's manufacturing industry has been exported to the Far East (primarily China) ever since the 1980s. Perhaps partly to make ourselves look greener (at the cost of China et al becoming blacker - did that save the world?) and partly to turbo-charge the financialisation of the Western economies, inventing ever more ways for the super-rich to become mega-rich by manipulating the markets and buying up everything on the cheap as the smaller players are forced (by taxation and central bankers as necessary) into bankruptcy.
Now "the Donald" has the impossible task of undoing the damage of the last 50ish years by rebalancing the US economy so that they make stuff again, and given the electoral cycle, doing it in short order. So he is pushing his tariffs on imports to the US (and causing major disruptions to the global markets in the process) - but will this be enough?
Does he have a Plan B?
At what point does "Plan B" become "Plan A"?
Perhaps when the bankruptcy of UNITED STATES OF AMERICA INC is acknowledged and the debts that it owes are written off, allowing the reconstituted Republic of 1789 to step forward (in some form) ...
Meanwhile, Bill Bonner writes a good article.
NB: This is not financial advice!
