Is Trumpism the New Nationalism?
Since China devalued its currency 3 percent, global markets have gone into a tailspin. Why should this be? After all, 3 percent devaluation in China could be countered by a U.S. tariff of 3 percent on all goods made in China, and the tariff revenue used to cut U.S. corporate taxes. The crisis in world markets seems related not only to a sinking Chinese economy, but also to what Beijing is saying to the world; i.e., China will save herself first even if it means throwing others out of the life boat. Disbelievers in New World Order mythology have long … Continue reading →