APOCALYPSE NOW TARIFFS ARE JUST THE BEGINNING BABY! TIPPING POINT

I just want to sketch out a few thoughts here.

Trade War. Tariffs.  So called big deal, and it is.

QUESTION: WHAT ELSE MAY BE ON THE TABLE?

That's a nice, plump, juicy, biggie!

Let me set some of the stage:

Americans have long been used to so called trade advantages of having a not too strong currency, although the dollar has been relatively strong for a long time.

It is still, and has always been, a kind of faux store of value, not ever based much on real gold, the result of fractional reserve banking more than on chicken shit gold reserves, and lately based on nothing whatever.

Another sticky wicket has been the ballooning of both public and private debt.

I am going to make a few remarks about how the scene has changed regarding these presuppositions:

Debt, especially government debt, is not the harmless thing it has long been claimed to be anymore.

Having a reserve currency, or even an  affordable trade currency, are themselves parasitic on having a domestic industrial and commercial base producing goods and supporting an economy which has a certain level of goods and services to export and a related level of domestic consumption not itself too dependent on foreign production, consumption, or finance.

We no longer have that situation.

It seems to me that foreigners like China are now more or less free to create a run on the dollar (the very thing they get paid in) with fewer negative repercussions to changing the balance of imports into their countries, or more importantly reducing their exports to the dollar bloc.

Why?

Because the dollar bloc has very few or no alternatives anymore for obtaining the foreign especially Asian goods and services it increasingly demands or requires, and can now even start to be forced to obtain them at adverse currency rates rather than forego the goods altogether, and regardless of raised tariff barriers on both borders.

Let's just call it, following such people as Skocpol, Randall Collins, and other revolution theorists, a TIPPING POINT.

THE END OF THE PIVOT.

PIVOT'S LAST ROUNDUP!

The last two bits for a free trade whiskey, at the last bar, in the last saloon, in Tombstone.