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Most of our problem is that Commercialists are now almost the entire top .01% and there are few if any industrialists to offset them.
Lot of this is why the South seceded. Industrial North wanted high tariffs while the South wanted them dropped so they could import cheaper British goods. What did the South care about northern shit. They sold their cotton to Europe more than they did to the North anyway.
MisdemeanorRebellionNoCoupForYou saysMost of our problem is that Commercialists are now almost the entire top .01% and there are few if any industrialists to offset them.
This is why they had to remove Trump. He actively wanted to bring industrial manufacturing back from China.
No more chip for you
I realized today that when China inevitably gets control of Taiwan
HeadSet saysMisdemeanorRebellionNoCoupForYou saysMost of our problem is that Commercialists are now almost the entire top .01% and there are few if any industrialists to offset them.
This is why they had to remove Trump. He actively wanted to bring industrial manufacturing back from China.
I realized today that when China inevitably gets control of Taiwan from the weak hands of President Grandpa they will have an on/off switch for the American economy.
"No more chip for you! You give me Los Angeles Port..... and the Yellowstone Park!"
That's the only place that makes chips?
Then again Tesla comes up with some sort of custom chips for their cars, WTF, maybe not so hard?
Commercialists want a strong dollar to buy assets abroad and be paid back in more valuable dollars than they lent, they want as little inflation as possible to a maximize their loan interest, they want one-sided free trade that guarantees their foreign ownership and don't care about reciprocity for exports, they want higher real estate costs that promote maximized returns and suck up as much ordinary income into their pockets as possible, they want big government spending that they can underwrite and profit from (by operating the WIC cards, as many banks do and profit from, or simply endless bond issuance by governments). They want to know everything a consumer buys so they can identify 'wasted' discretionary income or 'needs' that they can redirect into loans, credit, and banking.
Most of our problem is that Commercialists are now almost the entire top .01% and there are few if any industrialists to offset them.