The Duran: Bolton on the way out?

Alex Christoforou and Alexander Mercouris discuss President Trump’s relationship with his national security adviser John Bolton. After the embarrassing failure of the recent US-backed coup in Venezuela, rumor has it that Trump grows frustrated with Bolton’s work. His uber-hawkish worldview and lust for US-led military interventions is at odds with Trump’s core campaign pledge to keep the United States out of costly foreign entanglements. Before becoming POTUS, Trump consistently called for an end to the wars in Afghanistan and Syria.

My comment: Previous US presidents have criticized hawkish foreign policy, especially during political campaigns, and once they got into office, they all did 180 degree turns on that subject. Donald Trump is by no means different from the likes of Obama, Bush Jr, Kennedy, Nixon, Eisenhower and others.

Trump is a genius political whore. He is one of the best salesmen out there, at least for the American political market. Even if Bolton gets fired, or steps down at Trump’s request, another war hawk is going to take his place. During the electoral campaign [in the Trump vs Hillary confines], I actually believed Trump might be the lesser evil, but since then, I’ve come to the conclusion that the lesser evil is a myth… Just like his predecessors, Trump faithfully serves the interests of usurers, rent-seekers, and war profiteers. He is the anti-PC version of Globalism.

I’m certain the White House will soon give the green light in Venezuela for professional mercenaries to go in and attempt a better coup d’etat. Such a move ensures no guarantees of success, but it will certainly be a prolonged and bloody operation – on top of the West’s economic bleeding of Venezuela.

In the geopolitics of empire, if you can’t have it [the treasure], no one can. So if the Russian and Chinese military aid to Maduro won’t suffice, Venezuela may very well face a civil war. As long as European political elites dance to Washington’s tune [making the US hawks and the Deep State bolder], things will only get worse for those countries blacklisted by the West.

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The Duran: US-China Trade Talks Collapse

Alex Christoforou and Alexander Mercouris discuss the breakdown in trade relationship between the United States and China. After the talks reached an impasse, Trump threatened to raise tariffs on $200 billion worth of imports from China [raising the rate from 10 percent to 25 percent]. The increase will take effect on Friday.

My comment: Trump keeps mentioning how China pays and will pay for his tariffs and how great it is that the Chinese are fueling the US Government with [ironically] its own fiat money. Chinese-owned dollars sit on the Federal Reserve’s electronic ledger, by the way.

Every mainstream and heterodox economist will tell you that consumers pay these tariffs, not exporters. I must stress the fact that the only way the Chinese are paying for these tariffs is if they agree to decrease their markups to accommodate Trump’s tariffs, in order to maintain their market share [which is shrinking]. That being said, celebrating this [as Trump is doing] doesn’t square with his promise of bringing back jobs from China. In fact, even if China’s share of the US market were to vanish, that gap would largely if not totally be plugged by other foreign countries, NOT by domestic production & employment. Given Washington’s belligerent stance, Beijing is securing commercial and strategic ties with other important state actors and it’s concluding these agreements in currency swap operations, which bypass the US state financial system.

Trump is a master when it comes to wielding smoke and mirrors, both domestically and at international level. Many think Trump is an Anti-Globalist, but that is not true. He is a Globalist who wants to keep the US as the ‘grand master’ of that cabal and is actively combating efforts led by other countries [like Russia] to create a multi-polar system. As far as the ‘one world government’ idea is concerned, the US is that entity de facto [albeit not in its complete form] and wishes to remain so at any cost, even if the price is a new Cold War and needless mayhem across the globe. The most eloquent [recent] example of such needless death and suffering is this paper from the Center for Economic and Policy Research (CEPR), which finds US Sanctions on Venezuela Are Responsible for Tens of Thousands of Deaths!

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