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VIA POLITICO – […] The economic crosswinds sweeping across the continent threaten to stir into a perfect storm in the coming year as an unchained Trump sets his sights on Europe. In addition to levying new tariffs on everything from Bordeaux to Brioni (the president-elect’s favorite Italian suit-maker), the incoming leader of the free world is certain to reinforce his demand that NATO countries either pony up more cash for their own defense or lose American protection.
That means European capitals, already struggling to rein in surging deficits amid dwindling tax revenue, will face even greater financial strains, which could trigger further political and social upheaval.
Recessions and trade wars may come and go, but what makes this juncture so perilous for the continent’s prosperity has to do with the biggest inconvenient truth of all: the EU has become an innovation desert.
Though Europe has a rich history of eye-popping inventions, including scientific breakthroughs that gave the world everything from the automobile to the telephone, radio, television and pharmaceuticals, it has devolved into an also-ran.
Once synonymous with cutting-edge automotive technology, Europe today doesn’t have a single entry among the 15 bestselling electric vehicles. As former Italian Prime Minister and central banker Mario Draghi noted in his recent report on Europe’s flagging competitiveness, only four of the world’s top 50 tech companies are European. (more)
President Trump’s first term was consequential in part because it was unexpected. This time many of those nations know exactly what to expect;but the bizarre part is,because of what they did to themselves they cannot preposition to avoid their vulnerability.
They carried out the plan of the WEF organization. Now, as a direct and specific consequence, economically most of those nations are completely exposed and politically weak.President Trump has never had this much leverage before.
In term #1, the reacting allies dragged their heels to comply with Trump’s requests and expectations.In Term #2 I expect one of the more visible elements for us to watch will be how fast those same allies react to requests and expectations. In fact, I think we are already seeing this play out.
The speed of compliance by “western allies”, is directly proportionate to their economic vulnerability. Mexico and Canada are great examples.
The European Union Commission are a bunch of elitist snobs who refuse to accept how detached and diminutive they truly are.However, it is going to be fun to watch the EU fall in line quickly to avoid President Trump simply getting up from the table and walking out.
(Sundance has an excellent deep view of the Deep State. This is gonna be the funniest next four years when they have to treat Trump with respect, he deserves!)
https://theconservativetreehouse.com/blog/2024/12/19/the-scale-of-maganomic-influence-carried-by-president-trump-is-stunning/