Trade barriers have been coming down for the last 50 years. Worldwide, the weighted average tariff imposed by our top 31 trading partners is just 1.85%. Take out India, and it goes down to 1.6%.
Thanks Dan for sharing the content of this document. This was one of the documents that some were looking for as an indicator as to the completeness of the document release.
Can there be any doubt in fact that the operations of the CIA (USAID) have corrupted our principles and practices? Over the course of the last decade we've seen these organizations align themselves against a legitimately elected President (2x) and the citizens of our country. Schlesinger identified this serious problem 60 years ago and as typical of DC nothing has yet been done. DC is filled with unprincipled and immoral men.
I have to wonder though... is it any less true or dangerous that the elimination of sound money as a foundation for our economy corrupted our principles and practices? And despite the fact that our Constitution calls for "sound money".
We now know the outcomes associated with ignoring the prescriptions of our Constitution and it is not good... as long as we persist on this path bad things will befall us.
Bill you may be right about trade wars and tariffs but you seem to forget that we are also fighting a culture war with the Marxists of the world, the pedophiles, the censorists. We can still eat bugs to stay alive or live in 15 minute cities with no cars but where they fly on jets, maybe we won't be killed although Stalin and Mao didn't do very well. I guess you like the idea of being run and constrained by a bunch of marxists that are happy to censor you and happy to kill you with their vaccines or shoot your president. That of course assumes you consider Trump your president. I guess if you aligned behind Klaus Schwab or Ursula Van Der Leyen or Xi. What makes you think you are gonna end up on the positive end of these globalists taking your property? OK since you can move to different countries maybe you can escape the marxist ideology which is really nothing more than authoritarians wanting to control everyone. And do you think Argentina is going to remain capitalistic when the US is gone?
My HS history teacher (one of the good teachers I had as a kid, out of very few), stressed that what made America great early on was open borders and free trade among the states; it was this open commerce that gave us the high standard of living, and a population with a high literacy rate. Having moved around around as a kid, and living in other countries, and having had exposure to other nationalities, what always struck me was that people are same same the world over; good people, who want to have a good and prosperous life. Point is, they wanted to emulate the US and the freedoms associated with it. So what’s really scary that as I get older and meet foreigners residing in the US, they embody the core values of good old American capitalism more than American youth. These foreigners influence people back home, who try to make a difference, and what is so sad is that many Central American countries have fallen to socialism, not be cause of their failures, but because of American political influence setting up two bit dictators whom can make more money running drugs than by squeezing their populations. What it means to be an American is freedom of choice, which many of you on this email string seem to have forgotten. I have every right to purchase from anyone that offers a better product, AND YOU HAVE NO RIGHT TO RESTRICT MY CHOICE, whether it be good or bad. Want to win the war and the world’s heart, then get off your ass and make a better product at a competitive rate, and quit requiring others to sacrifice due to your failures.
Happy to kill you with vaccines? Trump introduced Larry Ellison as one of the key figures in his Stargate project. Ellison immediately started talking about developing individual mRNA vaccines. Ellison also wants a central data base of all our medical records. Perhaps we are being played with Trump being used to convince conservatives to join the technocratic future. Remember Trump still considered himself the Father of the Warped Speed experimental mRNA vaccines.
Trump won't have anything to do with this. I'm thinking more in the way of total control through AI. If Stargate and AI actually controlled all our health records think about the possibilities. I have had Medicare for 7 years even though I haven't used it and receive emails from them about getting flu and COVID vaccines. What if the next step is "You will not be eligible to receive Medicare or Social Security until you get your mRNA vaccine for whatever".
Basically agree with you, Cartero. This subject is one of Trump's 3 weak spots, IMO. However, unlike many, I won't let the Perfect be the enemy of the Good...
"I guess you like the idea of being run and constrained by a bunch of marxists that are happy to censor you and happy to kill you with their vaccines or shoot your president."
Bill likely doesn't think about this - when he thinks about the false future "Utopia" at all. Besides, he won't be hovelling next to us eating ze bugs - his grandkids will...
Dan, your last paragraph in todays piece has to be one of the most "understated" comments in a long time. There can be no doubt that we are in for a rough ride ahead. Hang on to the "old yellow relic". I find it interesting that major stated holdings our Treasury Secretary (and he is a very successful investor) is that old "relic".
Sounds like a good idea for us regular folks also.
1. Excellent, Dan. Lots of Food for Thought in that memo, and it is obvious we have long ago slithered across that Rubicon with more than one government agency or department. CIA, USAID - who else? It appears maybe 𝗔𝗟𝗟 of them are guilty to a large extent either through Action or Fraud, typically both. Time to have a massive series of Controlled Burns and start again. Regardless of Facts, Truth or Evidence, the dimocrat communists and their judges are not going to let that happen Peacefully and without Violence - THAT is one thing you can bank on.
2. I was WRONG about my position on Canadian Tariffs. I had seen research that showed their rates being consistently higher than ours. What Bill says here about the Tariffs only kicking in above certain levels (levels that are RARELY reached in a year of Trade) is 𝘁𝗿𝘂𝗲. Also, Mr. Stockman has been integral to helping me see the light and changing my mind. So do I think Trump should abandon his Tariff plan re. Canada? Nah - it has gotten people to think outside the box in many important areas, so let's see where it goes. With regard to other Countries and their Tariff Rates on US products - I stand by my initial impressions. For the most part, we have been and are getting ripped off, sometimes massively.
3. Pithy and Succinct: Please don't fully believe everything (anything?) you read about Chinese "Innovation and Achievement." 𝙋𝙖𝙧𝙩𝙞𝙘𝙪𝙡𝙖𝙧𝙡𝙮 if you don't know who is funding the "source." DeepFreak, Vacant Cities, Collapsing Buildings - among dozens of other examples - should make all of us pause when we are being regaled with the "greatness" of Product or Discovery resulting from Chinese "government", Industry or Research. Treat the "news" of these miraculous Leaps of Progress the same way you would when you need to buy a tool that will work, is well-made and built to last - but all your choices have "Made in China" stamped on them...
Important points SE. I third point is that I worked for a company where the Chinese stole IP and then took the market for Silicon metal from us after stealing IP. So yes that is a form of competition but it is also a game the US may not want to play or play with the same integrity as the Chinese.
China has been investing so much in shipbuilding over the past 18 years that it can now build more ships in a month than the United States can in a year — and Beijing aims to keep widening its advantage. If the U.S. military does not soon catch up to this capacity, it risks finding itself off-guard and ill-equipped in a conflict scenario. China’s recent expansions should alarm American military planners and spur investments to bolster naval power.
No worries there brother! The face of warfare is changing very quickly and all ships will be obsolete in our near future. A fifteen billion dollar ship will be worthless soon, so sit back and enjoy the ride, because the world is about to get very interesting 🤔
Yes Bill, “Trade barriers have been coming down for the last 50 years”. Do you think it’s a coincidence that America has also been coming down for the last 50 years as China has grown stronger 🤔. Sure, Trump can attempt to fight fire with fire, and burn the entire corrupt system down, but he is fighting fire with water, trying to extinguish the flames of the corruption that has scorched our nation for these past 50 years. Yes Bill, you can side with the party of mental illness, baby murder, communism, Islamic extremism, mental illness, BLM, SPLC, MSNBC, CNN, satanic cults, mental illness, drug addiction, psychotic transvestite activism, American hating Antifa, or with those who support and love God, Family and Country over mental illness🤔 You still have the freedom to decide before the party of mental illness and cancel culture, cancel your right to live…
Yes, Bill, Trump's tariffs are riddled with contradictions. On the one hand, he says we are going to reap trillions in revenue. On the other hand, he says they are reciprocal and will go down when the trading partner lowers its tariffs - which, of course, would mean that the revenues would be much less.
That being said, your linking of tariffs and innovation is misplaced. China is not a country that respects individual rights and is a danger to freedom loving countries. China is also an innovator because it manufactures things (and all the insights that come from that), and its leadership believes in industrial and technological progress (unfortunately for the purpose of domination). Trump wants the USA to be a manufacturer again and all the additional benefits of technological progress and innovation that come with it. Hence, his efforts through his cabinet to deregulate the economy and let innovation thrive. He does this not only for the benefits that will come from it, but also to thwart China's leadership's desire to rule the world. Trump believes he needs tariffs to kickstart this process in order to protect and allow US industries to develop sheltered from the dumping tactics of China. The final goal should be a self-sustaining economy that produces most of the necessary products and services for the US to survive independently. In addition, we shouldn't be trading with dictatorial regimes to begin with as that only strengthens them.
If, in fact, China's leadership embraced individual rights, and if much of Europe wasn't a socialist pigsty, and if many countries that compete with us had to shoulder the entire expense of their defense and not expect us to do it, then it could be argued that Trump is going down the wrong path. But that is not the world we live in.
Thank you John, but we know Bill is not interested in facts anymore, and definitely doesn’t live in our world. Just the fact that the insane left(China induced insanity) can try to thwart an attempt to clean up foreign illegal gangs and the ending of government waste pretty much explains why the democrat is the perfect example of mental illness and any sick person who supports the insanity is just that. You cannot reason with senility, insanity nor stupidity. Just ask poor sloppy Joe, anything, and you get the same response as we hear from all these radical left freaks. No logic, no reasoning, no sense and no solutions, nothing except Trump is bad. So sit back, enjoy the show and buy the dip in Bitcoin 😊
...and all because their ideas and concepts are nothing but floating abstractions; that is, not tied down to or derived (through a process of logic) from the fundamental facts of reality. Which, as you state, is not any different than mental illness.
It's Christmas early, or late - depending on one's perspective, Brother Steve.
The hapless dimocrat commies are now reduced to destroying the most "climate-friendly" vehicles on the planet, immaturely and dangerously swatting the people they disagree with who nevertheless still have the smallest microphones, and supporting treasonous "judges" who are standing in the way of identifying and stopping the theft of US Tax Payer dollars. Not an enviable position, but the majority of that weak 20% of Society is too stupid to realize how truly ridiculous they look. Keep at it, perfesssers and mENsA tHOuGHt LeAdErs - we can use the votes in '26.
I'm guessing many of them are pining for the days when all they had to do to be Virtuous was wear a mask, support the most Degenerate things they could find and kill their babies in the womb. Ah, Good Times....
Well said JPG!! Just keep putting those 'dots' out there and hoping folks will begin to successfully connect them. I'm not very optimistic that many will....but even a small chance is better than no chance. Keep up the good work gentlemen!
And thank you Dan for your keen insights as well! Fascinating and educational👍
Y'all start sending me your annual $$; I'll tell you what Bonner is telling you for 1/10th of what he charges. In fact, I'll tell you gratis what he tells you: we're screwed; 100%; no way out; it's over. Why even bother to connect the dots, if they all lead to the same place? Best always. PM
PM, you’re sounding more pessimistic than I am. While I continue to consume a variety of sources, I’ve concluded that they are the source of my growing cynicism. I must take more long walks in the woods.
Be careful you might get attacked by an illegal. Or arrested for stepping on a flower. Depending on the state are you living of course. If you're near a New Orleans , you might just get away with having your windows bashed out of your car and your belongings stolen while you're on your walk.
I have recommended that s e start his own Podcast. I'm pretty sure I pay.... What's of a b p r's posts are public domain and he can even post them Im guessing...
All of these countries competing to produce the best EVs, quantum computing, etc. are collectively conspiring to achieve the same end goal: a global panopticon; an open air, digital prison where there may still be places to run to, but nowhere to hide.
For BYD to charge a vehicle in 8 mins, the supporting electrical grid will have to be enormous. Think about that. Then think about how many BYDs catch fire in China with the current charging rates. If this charger and supporting infrastructure exist s, which I doubt. Stand well back.
Bill is only focusing on the economics or finances of trade policy, and, yes, it may be more effective, efficient and financially beneficial (per David Ricardo) to the US for China to manufacture certain goods and sell them to the US, but that's only part of the issue. What happens when a high percentage of critical parts, goods, etc., are not manufactured in the US and we have a geopolitical crisis (which is guaranteed to happen and possibly sooner than we'd like), and subsequently China or whoever refuses to sell the critical stuff to us? We're screwed- pure and simple. One of Trump's major efforts is to bring back manufacturing to the US (especially for critical goods, parts, etc., that may be needed in a national emergency) which I agree with and support 100%. It appears to me Bill may be a Globalist and believes it's not necessary or important for the US to be a strong, independent and sovereign country but rather an integral part of the global community of nations under the influence and jurisdiction of a one world government (NWO) as envisioned by the WEF and their playmates. Not for me, Bill.
I believe Trump’s tariffs are primarily aimed at protecting the the US military-industrial complex, and they are a somewhat desperate attempt to play catch-up and level the playing field in high tech manufacturing in particular. They are not about improving the lives of working class Americans. In 1990 the US manufactured over a third of the worlds computer chips. Today it is around 10% and declining. The gap is especially widening for the most sophisticated chips and chip making processes used in AI. The rest of the world, and in particular the Chinese, are no longer stealing US technology after having done so for decades, in particular the period from 1990 to 2015. I was a high tech executive at a Fortune 500 company during this time and had a front row seat to what was going on. In exchange for market access America either facilitated or turned a blind eye to much technology transfer and theft. That era is over. The Chinese have surpassed the US in both height tech R&D and manufacture. There is nothing left to steal from the US. The Chinese will be much more assiduous in protecting their own technology than the US ever was. The result of all of this has been a giant panic on the part of the US warlords regarding the result of late 20th and 21st century US trade and investment policies. We now see a future where we could be stripped clean of our high tech wherewithal, a situation that has dire implications for nearly every aspect of foreign policy and national security.
Brien, You indicated that China could at some point strip the U.S. clean of high tech, which would be dire for national security, for example. Do you mean nuclear submarine technology? The U.S. nuclear sub force maintains the ultimate peace around the world; i.e., the ultimate national and world security. So you're saying that China could someday render our nuclear sub force obsolete? And the U.S. would do nothing about this?
What has bothered me for sometime is this: threats to "foreign policy" and "national security." Nine-eleven was horrible for killing thousands of Americans. But the U.S. has 330M citizens, so this was a pinprick compared to the U.S. being taken over by some outside force with millions of Americans being killed to do so. To be brutally honest, outside of Manhattan, a tiny part of DC, and a tiny portion of rural PA, the rest of the U.S. was very safe from any outside threat. (Although Dem-run U.S. third-world cities (not the safe suburbs circling them) seem to be unsafe on a daily basis.) So, I would think that in a practical way, any real threat to U.S. national security would be met by U.S. nuclear subs nuking the country responsible into the stone age. So what do you consider a national security threat?
Frank, I have attached a link to an excellent research paper by Cynthia Chung that covers the high tech race between East Asia(China, Taiwan and South Korea) and the United States, with AI and the supercomputing chips that power AI as a particular focus. It covers broadly the very great strides that China has made in the overall technology race(particularly in relative terms compared to the US) during this century. I believe national security involves much more than nuclear deterrence, as important as that is. Said another way, national security involves more than the threat of total annihilation and its deterrence. That is perhaps the last domino. It involves, first and foremost, economic strength. The best submarines on earth, containing the most lethal weapons, cannot long remain threats at sea without a strong and diverse national economy supporting them, this including a strong and diverse technological capability and infrastructure. Economic strength must be the bedrock that provides for a broad range of geopolitical and technological capabilities. It is arguable to say that global supremacy in all facets of Artificial Intelligence is at the top of the list of future national security enablers, but it certainly is on the list, as is another broad enabler, Quantum Computing. For China to race ahead in these areas while at the same time becoming stronger economically while the US becomes weaker is in my view the greatest potential threat to our future national security. I highly recommend Cynthia Chung’s paper which goes into the details of what has occurred and what is now occurring. Cheers,
Brien, I appreciate how you defined "national security." Also, I read what Ms. Chung wrote, and she uses some convincing details quite effectively when making the case for advances in energy of various types. I agree with her, for example, that China and Russia are far ahead of the U.S. pertaining to advancing nuclear energy and other practical energies like LNG. Her detailed examples were quite convincing about how advances in energy can improve one's standard of living.
I also think she makes an excellent point about Pres. Trump needing to promote far more technical education for U.S. students, getting away from this terribly flawed notion of everyone needing a formal four-year college degree. No doubt the U.S. needs more technicians with various skills and skill levels.
But I have a problem with her droning on about how chips and A.I. chips in particular will advance societies without her providing convincing details/examples, as she does so well pertaining to energy and technical education. Ironically, she criticizes U.S. tech execs for pushing chips and A.I. without them providing practical applications/examples, just so they can pump up their stock prices, which is correct. Yet she turns around and does the same thing with generalizations and predictions which are only guesses at best.
From a practical standpoint, I have a problem with some of this new tech being so helpful to folks. For example, the tech junk added to washers and dryers that have caused my wife to call the repairman twice; and, he solved the problem by turning the washer and dryer into old-fashioned ones by simply turning off the sensors, which he admitted were the number one complaint he deals with. Now my wife can dry clothes, in particular, the old-fashioned way by setting a time, and if some of the clothes are not all dry, she simply adds more time for those.
And Ms. Chung drones on about the auto industry desperately needing all these chips, but most of us rarely use all the tech junk on our cars, and that also applies to younger car owners. It just needlessly adds to the cost. And when these things malfunction, the techs have a terrible time repairing them. And you have to pay through the nose for these lengthy extended warranties---for a reason---the advanced tech stuff malfunctioning, not the basics, like the XM radio, a/c, lights, steering, braking, and heat. But I strongly agree that improvement in auto safety via chips is a good thing.
And she indicates that the ChiComs have lifted so much of their population to middle-class status this century, but generalizes about the technology that has done this. And she doesn't define Chinese middle-class. Is this just like first-world middle-class? Who knows?
I'm originally from Missouri, the Show Me state. So I'm with Bill Bonner and many of his subscribers who want to be shown how all this Hollywood-hyped technology will improve our lives. You would think that we in the U.S. are living in caves and hunting wild animals with rocks and spears; and, will continue to do so if we don't embrace every new tech innovation coming down the pike.
I thouroughly believe in the ingenuity and expertise of the American People which we have proved over and over again that we have in spades. While our Fearful leader Billy Boy exalts the accomplishments of China I for one believe that we will surely push forward and outpace the advancements of the masses from the East. Who knows, maybe even spurned on and jump started by President Trump's policies and tariffs. Billy Boy can keep on shouting out about the experise of the people from China. I perefer to cheer on the Innovation and Talent of citizens from the United States of America.
There are MANY channels/videos on YT that show a completely different side of China - opposite of what Bill is prattling on about and opposite of what we have successfully been conditioned to "believe", mainly in the Superiority of all things Chinese - Cultural, Societal and Industrial.
Are they all accurate? Sure, images don't lie (most of the time - check the fingers and toes, for now), but just a sampling will show you that they represent the pendulum swung to the other extreme....
There is one great fact that superimposed on all of the blabber, fear and doomsday prediction by EVERY wise wizard of economic forecasting, prognostication as to what humanity can do to each other as slave, peasant, tycoon or president.
One day we each will be dead and naught but dust.
Even owning gold won’t change this facet of being born.
Bill says: "Worldwide, the weighted average tariff imposed by our top 31 trading partners is just 1.85%."
This isn't a comment for or against tariffs, but weighted averages are meaningless. A person can easily drown in a river with an average depth of 1 inch.
Thanks Dan for sharing the content of this document. This was one of the documents that some were looking for as an indicator as to the completeness of the document release.
Can there be any doubt in fact that the operations of the CIA (USAID) have corrupted our principles and practices? Over the course of the last decade we've seen these organizations align themselves against a legitimately elected President (2x) and the citizens of our country. Schlesinger identified this serious problem 60 years ago and as typical of DC nothing has yet been done. DC is filled with unprincipled and immoral men.
I have to wonder though... is it any less true or dangerous that the elimination of sound money as a foundation for our economy corrupted our principles and practices? And despite the fact that our Constitution calls for "sound money".
We now know the outcomes associated with ignoring the prescriptions of our Constitution and it is not good... as long as we persist on this path bad things will befall us.
Bill you may be right about trade wars and tariffs but you seem to forget that we are also fighting a culture war with the Marxists of the world, the pedophiles, the censorists. We can still eat bugs to stay alive or live in 15 minute cities with no cars but where they fly on jets, maybe we won't be killed although Stalin and Mao didn't do very well. I guess you like the idea of being run and constrained by a bunch of marxists that are happy to censor you and happy to kill you with their vaccines or shoot your president. That of course assumes you consider Trump your president. I guess if you aligned behind Klaus Schwab or Ursula Van Der Leyen or Xi. What makes you think you are gonna end up on the positive end of these globalists taking your property? OK since you can move to different countries maybe you can escape the marxist ideology which is really nothing more than authoritarians wanting to control everyone. And do you think Argentina is going to remain capitalistic when the US is gone?
My HS history teacher (one of the good teachers I had as a kid, out of very few), stressed that what made America great early on was open borders and free trade among the states; it was this open commerce that gave us the high standard of living, and a population with a high literacy rate. Having moved around around as a kid, and living in other countries, and having had exposure to other nationalities, what always struck me was that people are same same the world over; good people, who want to have a good and prosperous life. Point is, they wanted to emulate the US and the freedoms associated with it. So what’s really scary that as I get older and meet foreigners residing in the US, they embody the core values of good old American capitalism more than American youth. These foreigners influence people back home, who try to make a difference, and what is so sad is that many Central American countries have fallen to socialism, not be cause of their failures, but because of American political influence setting up two bit dictators whom can make more money running drugs than by squeezing their populations. What it means to be an American is freedom of choice, which many of you on this email string seem to have forgotten. I have every right to purchase from anyone that offers a better product, AND YOU HAVE NO RIGHT TO RESTRICT MY CHOICE, whether it be good or bad. Want to win the war and the world’s heart, then get off your ass and make a better product at a competitive rate, and quit requiring others to sacrifice due to your failures.
Well said
Happy to kill you with vaccines? Trump introduced Larry Ellison as one of the key figures in his Stargate project. Ellison immediately started talking about developing individual mRNA vaccines. Ellison also wants a central data base of all our medical records. Perhaps we are being played with Trump being used to convince conservatives to join the technocratic future. Remember Trump still considered himself the Father of the Warped Speed experimental mRNA vaccines.
Yes but under the lies produced by Fauci and his cohorts. And Trump did back off many aspects of the decision after a while, like closing businesses.
Trump won't have anything to do with this. I'm thinking more in the way of total control through AI. If Stargate and AI actually controlled all our health records think about the possibilities. I have had Medicare for 7 years even though I haven't used it and receive emails from them about getting flu and COVID vaccines. What if the next step is "You will not be eligible to receive Medicare or Social Security until you get your mRNA vaccine for whatever".
Basically agree with you, Cartero. This subject is one of Trump's 3 weak spots, IMO. However, unlike many, I won't let the Perfect be the enemy of the Good...
"I guess you like the idea of being run and constrained by a bunch of marxists that are happy to censor you and happy to kill you with their vaccines or shoot your president."
Bill likely doesn't think about this - when he thinks about the false future "Utopia" at all. Besides, he won't be hovelling next to us eating ze bugs - his grandkids will...
SE, that is why We have You here to remind us.
Wut? I just hang around for the free donuts...
You and I are still waiting.
Excellent Mac!
Dan, your last paragraph in todays piece has to be one of the most "understated" comments in a long time. There can be no doubt that we are in for a rough ride ahead. Hang on to the "old yellow relic". I find it interesting that major stated holdings our Treasury Secretary (and he is a very successful investor) is that old "relic".
Sounds like a good idea for us regular folks also.
Jim Marshall
Three Points:
1. Excellent, Dan. Lots of Food for Thought in that memo, and it is obvious we have long ago slithered across that Rubicon with more than one government agency or department. CIA, USAID - who else? It appears maybe 𝗔𝗟𝗟 of them are guilty to a large extent either through Action or Fraud, typically both. Time to have a massive series of Controlled Burns and start again. Regardless of Facts, Truth or Evidence, the dimocrat communists and their judges are not going to let that happen Peacefully and without Violence - THAT is one thing you can bank on.
2. I was WRONG about my position on Canadian Tariffs. I had seen research that showed their rates being consistently higher than ours. What Bill says here about the Tariffs only kicking in above certain levels (levels that are RARELY reached in a year of Trade) is 𝘁𝗿𝘂𝗲. Also, Mr. Stockman has been integral to helping me see the light and changing my mind. So do I think Trump should abandon his Tariff plan re. Canada? Nah - it has gotten people to think outside the box in many important areas, so let's see where it goes. With regard to other Countries and their Tariff Rates on US products - I stand by my initial impressions. For the most part, we have been and are getting ripped off, sometimes massively.
3. Pithy and Succinct: Please don't fully believe everything (anything?) you read about Chinese "Innovation and Achievement." 𝙋𝙖𝙧𝙩𝙞𝙘𝙪𝙡𝙖𝙧𝙡𝙮 if you don't know who is funding the "source." DeepFreak, Vacant Cities, Collapsing Buildings - among dozens of other examples - should make all of us pause when we are being regaled with the "greatness" of Product or Discovery resulting from Chinese "government", Industry or Research. Treat the "news" of these miraculous Leaps of Progress the same way you would when you need to buy a tool that will work, is well-made and built to last - but all your choices have "Made in China" stamped on them...
Important points SE. I third point is that I worked for a company where the Chinese stole IP and then took the market for Silicon metal from us after stealing IP. So yes that is a form of competition but it is also a game the US may not want to play or play with the same integrity as the Chinese.
China has been investing so much in shipbuilding over the past 18 years that it can now build more ships in a month than the United States can in a year — and Beijing aims to keep widening its advantage. If the U.S. military does not soon catch up to this capacity, it risks finding itself off-guard and ill-equipped in a conflict scenario. China’s recent expansions should alarm American military planners and spur investments to bolster naval power.
https://www.almendron.com/tribuna/china-is-rapidly-building-warships-satellite-images-reveal-the-scale/
No worries there brother! The face of warfare is changing very quickly and all ships will be obsolete in our near future. A fifteen billion dollar ship will be worthless soon, so sit back and enjoy the ride, because the world is about to get very interesting 🤔
Before that happens, they should use Battle Tanks for their anchors....
Yes Bill, “Trade barriers have been coming down for the last 50 years”. Do you think it’s a coincidence that America has also been coming down for the last 50 years as China has grown stronger 🤔. Sure, Trump can attempt to fight fire with fire, and burn the entire corrupt system down, but he is fighting fire with water, trying to extinguish the flames of the corruption that has scorched our nation for these past 50 years. Yes Bill, you can side with the party of mental illness, baby murder, communism, Islamic extremism, mental illness, BLM, SPLC, MSNBC, CNN, satanic cults, mental illness, drug addiction, psychotic transvestite activism, American hating Antifa, or with those who support and love God, Family and Country over mental illness🤔 You still have the freedom to decide before the party of mental illness and cancel culture, cancel your right to live…
"Do you think it’s a coincidence that America has also been coming down for the last 50 years as China has grown stronger 🤔."
Great point....
Well said.
Yes, Bill, Trump's tariffs are riddled with contradictions. On the one hand, he says we are going to reap trillions in revenue. On the other hand, he says they are reciprocal and will go down when the trading partner lowers its tariffs - which, of course, would mean that the revenues would be much less.
That being said, your linking of tariffs and innovation is misplaced. China is not a country that respects individual rights and is a danger to freedom loving countries. China is also an innovator because it manufactures things (and all the insights that come from that), and its leadership believes in industrial and technological progress (unfortunately for the purpose of domination). Trump wants the USA to be a manufacturer again and all the additional benefits of technological progress and innovation that come with it. Hence, his efforts through his cabinet to deregulate the economy and let innovation thrive. He does this not only for the benefits that will come from it, but also to thwart China's leadership's desire to rule the world. Trump believes he needs tariffs to kickstart this process in order to protect and allow US industries to develop sheltered from the dumping tactics of China. The final goal should be a self-sustaining economy that produces most of the necessary products and services for the US to survive independently. In addition, we shouldn't be trading with dictatorial regimes to begin with as that only strengthens them.
If, in fact, China's leadership embraced individual rights, and if much of Europe wasn't a socialist pigsty, and if many countries that compete with us had to shoulder the entire expense of their defense and not expect us to do it, then it could be argued that Trump is going down the wrong path. But that is not the world we live in.
Thank you John, but we know Bill is not interested in facts anymore, and definitely doesn’t live in our world. Just the fact that the insane left(China induced insanity) can try to thwart an attempt to clean up foreign illegal gangs and the ending of government waste pretty much explains why the democrat is the perfect example of mental illness and any sick person who supports the insanity is just that. You cannot reason with senility, insanity nor stupidity. Just ask poor sloppy Joe, anything, and you get the same response as we hear from all these radical left freaks. No logic, no reasoning, no sense and no solutions, nothing except Trump is bad. So sit back, enjoy the show and buy the dip in Bitcoin 😊
...and all because their ideas and concepts are nothing but floating abstractions; that is, not tied down to or derived (through a process of logic) from the fundamental facts of reality. Which, as you state, is not any different than mental illness.
It's Christmas early, or late - depending on one's perspective, Brother Steve.
The hapless dimocrat commies are now reduced to destroying the most "climate-friendly" vehicles on the planet, immaturely and dangerously swatting the people they disagree with who nevertheless still have the smallest microphones, and supporting treasonous "judges" who are standing in the way of identifying and stopping the theft of US Tax Payer dollars. Not an enviable position, but the majority of that weak 20% of Society is too stupid to realize how truly ridiculous they look. Keep at it, perfesssers and mENsA tHOuGHt LeAdErs - we can use the votes in '26.
I'm guessing many of them are pining for the days when all they had to do to be Virtuous was wear a mask, support the most Degenerate things they could find and kill their babies in the womb. Ah, Good Times....
Well said JPG!! Just keep putting those 'dots' out there and hoping folks will begin to successfully connect them. I'm not very optimistic that many will....but even a small chance is better than no chance. Keep up the good work gentlemen!
And thank you Dan for your keen insights as well! Fascinating and educational👍
Y'all start sending me your annual $$; I'll tell you what Bonner is telling you for 1/10th of what he charges. In fact, I'll tell you gratis what he tells you: we're screwed; 100%; no way out; it's over. Why even bother to connect the dots, if they all lead to the same place? Best always. PM
PM, you’re sounding more pessimistic than I am. While I continue to consume a variety of sources, I’ve concluded that they are the source of my growing cynicism. I must take more long walks in the woods.
Wanna make a great start? If you have a TV, throw it in the sea...
Be careful you might get attacked by an illegal. Or arrested for stepping on a flower. Depending on the state are you living of course. If you're near a New Orleans , you might just get away with having your windows bashed out of your car and your belongings stolen while you're on your walk.
μολὼν λαβέ!
Where do I sign up Paul?
I have recommended that s e start his own Podcast. I'm pretty sure I pay.... What's of a b p r's posts are public domain and he can even post them Im guessing...
All of these countries competing to produce the best EVs, quantum computing, etc. are collectively conspiring to achieve the same end goal: a global panopticon; an open air, digital prison where there may still be places to run to, but nowhere to hide.
And we are any better? You must not fly much.
Maybe but we should be able to decide ourself
Key word, ourself. Me for me, you for you.
For BYD to charge a vehicle in 8 mins, the supporting electrical grid will have to be enormous. Think about that. Then think about how many BYDs catch fire in China with the current charging rates. If this charger and supporting infrastructure exist s, which I doubt. Stand well back.
Quiet, you. Grasshopper must not question the Ancient Wisdom (now updated) of All Things Chinese Being Superior.
Suckers...
Bill is only focusing on the economics or finances of trade policy, and, yes, it may be more effective, efficient and financially beneficial (per David Ricardo) to the US for China to manufacture certain goods and sell them to the US, but that's only part of the issue. What happens when a high percentage of critical parts, goods, etc., are not manufactured in the US and we have a geopolitical crisis (which is guaranteed to happen and possibly sooner than we'd like), and subsequently China or whoever refuses to sell the critical stuff to us? We're screwed- pure and simple. One of Trump's major efforts is to bring back manufacturing to the US (especially for critical goods, parts, etc., that may be needed in a national emergency) which I agree with and support 100%. It appears to me Bill may be a Globalist and believes it's not necessary or important for the US to be a strong, independent and sovereign country but rather an integral part of the global community of nations under the influence and jurisdiction of a one world government (NWO) as envisioned by the WEF and their playmates. Not for me, Bill.
Great post, EJ - and welcome. I don't recall reading you earlier. Also -
"It appears to me Bill may be a Globalist..."
Sheesh! What tipped you off? :)
Thanks. Good point re Bill. I guess he can't help himself!!
I believe Trump’s tariffs are primarily aimed at protecting the the US military-industrial complex, and they are a somewhat desperate attempt to play catch-up and level the playing field in high tech manufacturing in particular. They are not about improving the lives of working class Americans. In 1990 the US manufactured over a third of the worlds computer chips. Today it is around 10% and declining. The gap is especially widening for the most sophisticated chips and chip making processes used in AI. The rest of the world, and in particular the Chinese, are no longer stealing US technology after having done so for decades, in particular the period from 1990 to 2015. I was a high tech executive at a Fortune 500 company during this time and had a front row seat to what was going on. In exchange for market access America either facilitated or turned a blind eye to much technology transfer and theft. That era is over. The Chinese have surpassed the US in both height tech R&D and manufacture. There is nothing left to steal from the US. The Chinese will be much more assiduous in protecting their own technology than the US ever was. The result of all of this has been a giant panic on the part of the US warlords regarding the result of late 20th and 21st century US trade and investment policies. We now see a future where we could be stripped clean of our high tech wherewithal, a situation that has dire implications for nearly every aspect of foreign policy and national security.
Brien, You indicated that China could at some point strip the U.S. clean of high tech, which would be dire for national security, for example. Do you mean nuclear submarine technology? The U.S. nuclear sub force maintains the ultimate peace around the world; i.e., the ultimate national and world security. So you're saying that China could someday render our nuclear sub force obsolete? And the U.S. would do nothing about this?
What has bothered me for sometime is this: threats to "foreign policy" and "national security." Nine-eleven was horrible for killing thousands of Americans. But the U.S. has 330M citizens, so this was a pinprick compared to the U.S. being taken over by some outside force with millions of Americans being killed to do so. To be brutally honest, outside of Manhattan, a tiny part of DC, and a tiny portion of rural PA, the rest of the U.S. was very safe from any outside threat. (Although Dem-run U.S. third-world cities (not the safe suburbs circling them) seem to be unsafe on a daily basis.) So, I would think that in a practical way, any real threat to U.S. national security would be met by U.S. nuclear subs nuking the country responsible into the stone age. So what do you consider a national security threat?
Frank, I have attached a link to an excellent research paper by Cynthia Chung that covers the high tech race between East Asia(China, Taiwan and South Korea) and the United States, with AI and the supercomputing chips that power AI as a particular focus. It covers broadly the very great strides that China has made in the overall technology race(particularly in relative terms compared to the US) during this century. I believe national security involves much more than nuclear deterrence, as important as that is. Said another way, national security involves more than the threat of total annihilation and its deterrence. That is perhaps the last domino. It involves, first and foremost, economic strength. The best submarines on earth, containing the most lethal weapons, cannot long remain threats at sea without a strong and diverse national economy supporting them, this including a strong and diverse technological capability and infrastructure. Economic strength must be the bedrock that provides for a broad range of geopolitical and technological capabilities. It is arguable to say that global supremacy in all facets of Artificial Intelligence is at the top of the list of future national security enablers, but it certainly is on the list, as is another broad enabler, Quantum Computing. For China to race ahead in these areas while at the same time becoming stronger economically while the US becomes weaker is in my view the greatest potential threat to our future national security. I highly recommend Cynthia Chung’s paper which goes into the details of what has occurred and what is now occurring. Cheers,
Brien
https://open.substack.com/pub/cynthiachung/p/the-ai-chip-race-for-technological?r=12g26h&utm_medium=ios
Great Info, B.
It's conceivable that all of that goes out the window and the ability to produce Food becomes, once again, #1 on the list of Most Important Things...
Amen to that
Brien, I appreciate how you defined "national security." Also, I read what Ms. Chung wrote, and she uses some convincing details quite effectively when making the case for advances in energy of various types. I agree with her, for example, that China and Russia are far ahead of the U.S. pertaining to advancing nuclear energy and other practical energies like LNG. Her detailed examples were quite convincing about how advances in energy can improve one's standard of living.
I also think she makes an excellent point about Pres. Trump needing to promote far more technical education for U.S. students, getting away from this terribly flawed notion of everyone needing a formal four-year college degree. No doubt the U.S. needs more technicians with various skills and skill levels.
But I have a problem with her droning on about how chips and A.I. chips in particular will advance societies without her providing convincing details/examples, as she does so well pertaining to energy and technical education. Ironically, she criticizes U.S. tech execs for pushing chips and A.I. without them providing practical applications/examples, just so they can pump up their stock prices, which is correct. Yet she turns around and does the same thing with generalizations and predictions which are only guesses at best.
From a practical standpoint, I have a problem with some of this new tech being so helpful to folks. For example, the tech junk added to washers and dryers that have caused my wife to call the repairman twice; and, he solved the problem by turning the washer and dryer into old-fashioned ones by simply turning off the sensors, which he admitted were the number one complaint he deals with. Now my wife can dry clothes, in particular, the old-fashioned way by setting a time, and if some of the clothes are not all dry, she simply adds more time for those.
And Ms. Chung drones on about the auto industry desperately needing all these chips, but most of us rarely use all the tech junk on our cars, and that also applies to younger car owners. It just needlessly adds to the cost. And when these things malfunction, the techs have a terrible time repairing them. And you have to pay through the nose for these lengthy extended warranties---for a reason---the advanced tech stuff malfunctioning, not the basics, like the XM radio, a/c, lights, steering, braking, and heat. But I strongly agree that improvement in auto safety via chips is a good thing.
And she indicates that the ChiComs have lifted so much of their population to middle-class status this century, but generalizes about the technology that has done this. And she doesn't define Chinese middle-class. Is this just like first-world middle-class? Who knows?
I'm originally from Missouri, the Show Me state. So I'm with Bill Bonner and many of his subscribers who want to be shown how all this Hollywood-hyped technology will improve our lives. You would think that we in the U.S. are living in caves and hunting wild animals with rocks and spears; and, will continue to do so if we don't embrace every new tech innovation coming down the pike.
Easy, build 1,000,000 AI equipped kamikaze drones for each nuclear sub and let them at it. It would be all over before anyone knew about it.
I thouroughly believe in the ingenuity and expertise of the American People which we have proved over and over again that we have in spades. While our Fearful leader Billy Boy exalts the accomplishments of China I for one believe that we will surely push forward and outpace the advancements of the masses from the East. Who knows, maybe even spurned on and jump started by President Trump's policies and tariffs. Billy Boy can keep on shouting out about the experise of the people from China. I perefer to cheer on the Innovation and Talent of citizens from the United States of America.
There are MANY channels/videos on YT that show a completely different side of China - opposite of what Bill is prattling on about and opposite of what we have successfully been conditioned to "believe", mainly in the Superiority of all things Chinese - Cultural, Societal and Industrial.
Are they all accurate? Sure, images don't lie (most of the time - check the fingers and toes, for now), but just a sampling will show you that they represent the pendulum swung to the other extreme....
China is a rising democracy with liberty and justice for all. Bill knows this better than anybody because his minders told him so.
There is one great fact that superimposed on all of the blabber, fear and doomsday prediction by EVERY wise wizard of economic forecasting, prognostication as to what humanity can do to each other as slave, peasant, tycoon or president.
One day we each will be dead and naught but dust.
Even owning gold won’t change this facet of being born.
Forgot!
Yes you could be cryogenic packed say for your 2nd stab at life, at a convenient future date.
‘Ashes to Ashes,
Dust via AI, to renewable for a recycled revamp..
TRUMP AGAIN …. Hmmmm.
So true
News flash. Reuters Bill has severe case of TDS. He also has been shown to believe everything anti America Industry written by the socialist media.
Bill says: "Worldwide, the weighted average tariff imposed by our top 31 trading partners is just 1.85%."
This isn't a comment for or against tariffs, but weighted averages are meaningless. A person can easily drown in a river with an average depth of 1 inch.
Besides (as mentioned here previously), it has been scientifically proven that 87.65% of all Statistics cited anywhere are made up on the spot...
Is there anywhere on this planet where a man can live in freedom?
We keep misdiagnosing the culprit.
The political state is humanity's nemesis.