Donald Trump's Triumphant Economics for Everyone

Donald Trump went to the New York Economic Club on September 5^th and presented a thoroughly composed program for getting this country out of its present destructive economic spiral where inflation is making life itself unaffordable for much of the country while a galloping federal deficit imprisons fiscal policy. Trillions of dollars are also going to fund endless wars undertaken for the strategic benefit of the modern British led financial empire.

Trump presented many new ideas for an America First prosperous and peaceful future, perhaps the most interesting being his discussion of creating a sovereign wealth fund to invest in and finance “great national endeavors, from highways, to airports, to modern transportation and other infrastructure, all for the future.” Needless to say, this bold and exciting speech has been butchered by the national news media if given any coverage at all.  We suggest you take in the full speech here as it is well worth your time. 

Honoring the American System

Trump’s solutions draw heavily on the unique American System of political economy invented by Alexander Hamilton, championed by Friedrich List, revisited by Abraham Lincoln to win the Civil War, and utilized by presidents through William McKinley to build this country into the most powerful economic force then known to humanity. Franklin Roosevelt used it to win World War II based on superior logistics in depth. John F. Kennedy had begun to revisit and implement its essential features when he was assassinated. It is what the British oligarchs hate about this country as it defeats their free trade, rentier finance system of slavery for the unwashed multitudes. Trump specifically referenced the American System in his 2016 presidential campaign and this speech has the same historical lineage without specific reference to it.

Biden/Harris - A Disaster For The American Family

Trump began his speech by outlining the economic disaster created by the Biden/Harris administration. In addition to what Trump said about this administration, we note here that they sold themselves to the country as the so-called “adults,” the schooled and competent people who follow the present economic orthodoxy set by the world’s central banks and the international financial blob resident in Wall Street, the City of London, and Brussels.  This has been an intentionally caused disaster for American families and the majority of the population as Biden/Harris set all of their economic policies around implementation of the World Economic Forum’s Green New Deal, an economic policy designed to dismantle what is left of American manufacturing, industry, and advanced agriculture and absorb this nation as a failed and backward outpost in the globalist imperial order.

Trump noted that the average family has lost $20,000 due to inflation; one in three families have maxed out their credit cards, you now must earn at least $110,000 a year to afford to buy a home, more in many locations, 8.4 million Americans are working second jobs just to survive. Real wages of minorities have plummeted from where they were under the Trump presidency. Some 21 million mostly low skilled workers have entered the country illegally based on the Biden/Harris open border policy and are now creating even further issues with scarce available housing and stretched education and healthcare resources, not to mention their impact on cheapening real wages in the economy as a whole and the criminal havoc many of them are causing in our major cities. Such job growth as Biden and Harris have claimed consists of post-pandemic bounce back jobs or jobs now held by immigrants.

The Root Causes Of Inflation

Trump correctly pinpointed the two major causes of the present inflationary spiral –the Biden/Harris energy policy and the misnamed Biden/Harris Inflation Reduction Act meant to implement the Green New Deal. As he said, high energy costs increase the cost of everything produced particularly where, as here, the reliance on wind and solar results in a drastically lowered energy input into the production process overall. The available energy produced through such means may be adequate for a feudal society. It is grossly insufficient for a modern nation state economy seeking to grow its way out of crisis.

A National Energy Emergency

Trump said he would declare a national energy emergency immediately upon entering office with the goal of cutting energy prices in half during his first year in office. He envisions using all forms of energy, including nuclear energy, and embarking on an aggressive program to permit “new drilling, build new pipelines, new refineries, new power and electric plants, and reactors of all types.”  The aim is to make the country completely energy independent and vastly increase available electricity for purposes of new manufacturing, industrial growth, AI, and other new technologies.

Exit The Paris Climate Accord

He will withdraw the United States from the destructive Paris Climate Accord and end all policies associated with the Green New Deal, including the electric vehicle mandate, clawing back monies allocated in the Inflation Reduction Act and redeploying them for productive purposes. He estimates that this will save taxpayers around $1 trillion.

Musk To Head A Government Efficiency Commission

The next steps in his program involve cutting unnecessary regulations which hinder physical economic development, growth, and the ability to build. He will establish a government efficiency commission, led by Elon Musk, to conduct a complete financial and performance review of the federal government. The aim is to massively cut fraud and improper payments in another major step to reduce the spiraling federal deficit. Musk has proved himself an expert in harnessing the creativity and mission orientation of his teams to create wholly new and more efficient ways of doing things (witness Space X’s reusable rockets) while producing results on time and on budget.

Tax Cuts for Industry and Fundamental Research

Trump’s tax policy will be based on rewarding fundamental research and development and American industry and manufacturing with low tax rates and punishing those who insist on manufacturing and producing offshore with maximum tax rates in addition to punitive tariffs. He will end taxes on tips and on social security benefits.

America First Manufacturing

The heart of the speech was addressed to his America First manufacturing policy and the use of tariffs and incentives to benefit American producers and make the United States a manufacturing superpower once again. He provided a history lesson on the McKinley tariffs and the huge revenues brought into the country as a result. After McKinley was assassinated, Teddy Roosevelt was able to use the vast funds generated by McKinley’s tariff policies to build much of the infrastructure of the country. Again and again, he returned to the fundamental policy of favorable tax treatment for producers and innovators and punitive tax and tariff policies for those who offshore production and send jobs overseas. He noted that some might call his policy “economic nationalism.”  He calls it “common sense.”  He noted that much of our defense production is done overseas, an insane practice which he will stop by insisting that anything associated with America’s military be built here in the United States.

Protect Free Speech And Restore Justice

With respect to foreign policy and the current lawfare and censorship jihads being conducted by the Biden/Harris administration, Trump noted that he would return the country to a system of free speech and expression and impartial justice for all. He said that he would seek an immediate end to the Ukraine war with an additional emphasis on doing the same in the current crisis in the Middle East. His overarching theme was that he got along and negotiated with other world leaders and did not seek to go to war with them, that the forever wars which are draining our treasury and destroying our national honor must end and he will end them.

Housing For All (Citizens), Including Young Americans

To put a fine point on his overall economic thrust he discussed the issue of housing, which few young Americans at this point can afford. He promised to bring down interest rates and attack the regulations which make it difficult to build. He also said that he would undertake a massive homebuilding program to increase the supply of affordable housing using unused federal lands for new cities, among other measures. He noted that California now has a plan to provide housing funds to illegal immigrants while our veterans lay homeless on its streets. He will prevent this from taking place. He noted that the flood of illegal immigrants is driving up the cost of scarce housing throughout the country. Under Trump’s plan there will be no taxpayer funded assistance of any form extended to illegal immigrants in addition to a deportation program which will thoroughly discourage any further open border invasions of the country.

A Sovereign Wealth Fund for the United States

Perhaps the highlight of the speech, was his plan for a Sovereign Wealth Fund, a device recently used by China and the Gulf States to build their countries. Trump says that revenues generated by tariffs and other government revenues would be housed here to “build extraordinary national development projects and everything from highways to airports and to transportation, infrastructure, all of the future. We’ll be able to invest in state-of-the-art manufacturing hubs, advanced defense capabilities, cutting edge medical research and help save billions of dollars in preventing disease in the first place.”  The major national projects outlined by Trump reflect the types of projects funded by the First and Second National Banks of the United States. While not using that term here, the concept is similar.

Make America Healthy Again

Toward the end of the speech, Trump acknowledged the endorsement of Robert F. Kennedy Jr. and the crucial role he can play in preventive medicine and ensuring that the foods we eat are safe and healthy. It is also obvious, apart from this specific reflection by Trump, that RFK, Jr. can play a huge role in putting our entire medical establishment back on a scientific trajectory and ending the role of major insurers and Big Pharma in destroying the nation’s health while massively profiting from that destruction.

Q & A - The Overuse of Sanctions

Trump took questions at the end of the speech. Perhaps the most important was a question about sanctions. He warned that the present overuse of sanctions by the Biden Harris Administration is threatening the role of the dollar as the world’s reserve currency. He noted that if that role ends, the economic impact will be massive, “like losing a war.”  He said that he would use sanctions but would terminate them as soon as possible and that tariffs would be his primary tool in ensuring that trade and economic relations were beneficial to the United States and in stopping wars and achieving peace.

Not Global Warming, But Nuclear Warming

During the question-and-answer session he also again returned to the theme of war and peace. He noted that there was not a problem with global warming but there was a huge problem with “nuclear warming.”  By that he meant the current dangerous threat of nuclear war engendered through the bad leadership of Joe Biden and Kamala Harris. Speaking to Jamie Dimon, the head of JP Morgan/Chase who was in the audience, Trump said, “You can be head of the biggest bank in the world, but a couple of nukes and your bank does not mean a thing.” He noted that American presidents have a huge role in preventing such a war from happening, and that “we have to get along.” If a president does not do this job right, “bad things will happen to the world, things like you’ve never seen before.”