Ok, sides are hurting from all the keks PB and TB. Back to biz.
Very notable quote in today's War Room cast:
https://pandemic.warroom.org/special-ep-10-war-room-pandemic-virus-economics-w-steve-moore/
Curtis Ellis, America's First Priorities, America's First Principles, also part of Trump Campaign.
RE Coronavirus and China trade deal:
What does it mean for the implementation of Phase I and potential Phase II and future US trade talks?
Curtis: .. price of Oil is falling, natural gas going with that. Impacts China, as they needed to meet certain dollar targets. Going forward:
"As for going forward Phase II and generally, trade with China, what this coronavirus shows, is it shows the flaws in the basic premises of the current state of globalization, which is 'you can trust your capital to invest it in a far away country and nothing bad will ever happen. This goes right to the heart of what David Ricardo wrote about on the principles of political economy and taxation back in 1800, 1817, which has been the tax for globalism. Let's go right to page 146 of what David Ricardo wrote. He said the insecurity of capital, when not under the immediate control of its owner, along with the natural disinclination that every man has to quit the country of his birth, and entrust himself to a strange government and new laws, checks the emmigration of capital. So, he premised his whole argument on the fact that people will not naturally want to invest their capital in a far away country where it's out of their control, and put in the trust of a strange government. Well, I'll tell you what, China's communist government is the poster child of a strange government. And now with the coronavirus, you see why you don't want to quit your country and put your capital at risk in a country which as Steven Moore was saying, covers things up, besides the fact that it doesn't believe in private property in the first place. So we're going to see more investment in this country because, guess what, if you've pegged your entire business model on being able to sell things in the United States because you're going to make them more cheaply in China, that's not going to work if you're not able to get your stuff to the store shelves in America. You'd rather make a little less profit by making it in America, but be guaranteed that you're going to actually be able to get your product out of the factory to the consumer. Right? Rather than thinking 'Well, I'll be able to use labor arbitrage and find cheaper labor overseas, and I'll be able to make more money by being able to have just in time warehouseing, just in time delivery, and trans oceanic shipping, and all this global supply chain logistics management. Dispense with all that, make the stuff closer to home, where you know you'll be able to get it to the market. Because right now, you're seeing Nike taking a big hit, you're seeing others take a big hit, because they can't get their goods to the stores. Number 1, the stores in China are closed, and number 2, the stores in America are dependent on the sole source in China, where the factories are shut. So this really goes right to the heart of the premises, right to the heart of the entire regime of globabilization, corporate globalization and intercontinental supply chains that we've been living under for the last twenty, thirty years."
Valid point anon. Here's another go at it. It's really worth the read, was listening to podcast and just wow - had to stop, slow it down, and transcribe this shit.
https://pandemic.warroom.org/special-ep-10-war-room-pandemic-virus-economics-w-steve-moore/
Curtis Ellis, America's First Priorities, America's First Principles, also part of Trump Campaign.
RE Coronavirus and China trade deal:
What does it mean for the mplementation of Phase I and potential Phase II and future US trade talks?
Curtis: .. price of Oil is falling, natural gas going with that. Impacts China, as they needed to meet certain dollar targets.
''"As for going forward Phase II and generally, trade with China, what this coronavirus shows, is it shows the flaws in the basic premises of the current state of globalization, which is 'you can trust your capital to invest it in a far away country and nothing bad will ever happen. This goes right to the heart of what David Ricardo wrote about on the principles of political economy and taxation back in 1800, 1817, which has been the tax for globalism.
Let's go right to page 146 of what David Ricardo wrote. He said the insecurity of capital, when not under the immediate control of its owner, along with the natural disinclination that every man has to quit the country of his birth, and entrust himself to a strange government and new laws, checks the emmigration of capital. So, he premised his whole argument on the fact that people will not naturally want to invest their capital in a far away country where it's out of their control, and put in the trust of a strange government.
Well, I'll tell you what, China's communist government is the poster child of a strange government. And now with the coronavirus, you see why you don't want to quit your country and put your capital at risk in a country which as Steven Moore was saying, covers things up, besides the fact that it doesn't believe in private property in the first place. So we're going to see more investment in this country because, guess what, if you've pegged your entire business model on being able to sell things in the United States because you're going to make them more cheaply in China, that's not going to work if you're not able to get your stuff to the store shelves in America. You'd rather make a little less profit by making it in America, but be guaranteed that you're going to actually be able to get your product out of the factory to the consumer.
Right? Rather than thinking 'Well, I'll be able to use labor arbitrage and find cheaper labor overseas, and I'll be able to make more money by being able to have just in time warehouseing, just in time delivery, and trans oceanic shipping, and all this global supply chain logistics management. Dispense with all that, make the stuff closer to home, where you know you'll be able to get it to the market. Because right now, you're seeing Nike taking a big hit, you're seeing others take a big hit, because they can't get their goods to the stores. Number 1, the stores in China are closed, and number 2, the stores in America are dependent on the sole source in China, where the factories are shut.
So this really goes right to the heart of the premises, right to the heart of the entire regime of globabilization, corporate globalization and intercontinental supply chains that we've been living under for the last twenty, thirty years."''
Now THAT is how to meme! This anon kNOwSE!
>>8016204 Indeed.
Dems be like "how can I hang myself with a face mask?"
Have been making some extra space available in download inbox. Working on backups tonight in prep (rsync and such).
Almonds activated.
>Last bread. anon fucked up.
No worries anon. When one uzes baker tools, it shows (PB) for ya. (see cap).
and here for explanation and link to tools:
>>8016433 just trying to help the newfags anon.
ProTip: Capchya's aren't case sensitive. Almost always hit on 1st try. Was going to never mention but shills seem to have no problem, so why not…