Donald Trump had accustomed us to calculated chaos and the disorder method but once so – that has the flavor of the surrender – it had never been seen. It is difficult to find a method in this madness, after the decision to suspend the tariff war “for 90 days” it had declared in the world, maintaining hyperbolic duties only against China, the only enemy remaining, holder of most of the American public debt.
What did The Donald pushed (almost) everything? And above all: who is part of the group of sorcerer apprentices who advise him in his wicked choices of “Voodoo Economy”, witchcraft economy, what is the one based on illusion and vacua promises? The first to use this term was Bush Senior against Reagan’s tax policy but in Trump the term he fits perfectly. His motto is “make me rich and my allies and all citizens will gain, America will return great again”. But it doesn’t work. So far there has only been a very small oligarchy to take advantage of it, starting with Trump, who since the beginning of his presidency continues to make brazen profits through the company World Liberty Financial, entrusted to the three children, not to mention his digital cryptocurrency, in spite of any conflict of interest. There are even those who hypothesize this “stop and go” operations of “Insider trading” and users, given that the American president had even invited to buy actions in the days of Wall Street’s collapse. How many have earned us by investing in the days preceding the disaster of the world bags by betting on the reduction and selling in the open?
The thesis that goes by the eldest is that it was “the invisible hand” of the markets to stop the “Dazist regime” of Donadl Trump.
After the announcement of April 2, the markets burned $ 14,500 billion. American savers have had average losses of 50 thousand dollars.
The former conductor of the “Apprentice” TV program Donald Trump seemed to follow a market strategy of the cows: threatening the states as if they were “customers” with a punch and then, keeping the gun on the table, starting to treat a force position. But this time the gun had to withdraw it. Also because it was not only the share lists – who made the Financial Times shout at the nightmare of the Great Depression – to pulverize. There is another disturbing figure that had not been foreseen by the president and its magical circle: American government bonds, always considered safe refuge assets given solvency. But this time something went wrong, the last rods went deserted. Even the dollar, the “sound money” par excellence, began to weaken beyond all forecasts. The returns have risen, being directly proportional to the risk, up to 4.5 percent. And the first to sell were the Banks of Beijing, as holders, as we said, of the US public debt. The reserves of American titles purchased by the Chinese continue to decrease, and Beijing banks are diversifying on gold (splash at star prices) and other foreign titles. So for the first time for decades the United States have seen a bankruptcy risk and ended up in the lens of the rating agencies (Moody’s, Fitch and Standard & Poors). It had never happened.
Then there are all the consequences of such an aggressive protectionist economic policy. Generalized inflation, first of all, due to the increase in the prices of imported goods, of which, however, the same American companies themselves also take advantage of. Even American pensioners, a hard core of the Trumpian electorate, are angry black because the pension funds have lost 20 percent of their value and is not said – of this step – that they can guarantee annuities. Furthermore, it has been noticed that US products, in a globalized world, often and willingly are made of foreign components subject to duties. The example that is done is that of the I-Phone of the Apple, which is made in America, but only as a assembly. In fact, it contains parts from half world, starting with Japan and China. And whose price could climb from 1600 to 2300 dollars. In short: the perfect storm, not only in the world, but in their own home. All this led Elon Musk to define the Undersecretary of Commerce Peter Navarro, convinced “Dazia” “more stupid than a lot of bricks”. In Italy one would say: “A idiot”.
Also in the Republican Party, the bad moods grow and are added to the protests of the square of the past few days. Now it’s about understanding if the avalanche is now unstoppable or someone can stop it. At the moment they don’t even know the White House either. But one thing is certain: the world economy has discovered that America, when behaving from arrogant power, can become its very worst enemy.
