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Ben Norton
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Geopolitical Economy
Apr 9, 2025
US President Donald Trump wants to use tariffs as part of a plan to save the dominance of the dollar as the global reserve currency. His top economic advisor Stephen Miran outlined the Trump administration’s strategy to force other countries to pay the USA to maintain its imperial financial and military order. Ben Norton explains the idea behind the hypothetical “Mar-a-Lago Accord”. Cynicism, exceptionalism, and maximal ignorance of galactic proportions. |
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2 comments
Ben does great analytical work. It’s clear that Trump’s team overestimates its capabilities, and has an inflated view of the standing of the US in recent years.
Apocryphal quote by Rex Tillerson, former US secretary of State:
“I never called Trump a moron, I called Trump a faaarking moron.”
Jeffrey Sachs shows that Trump’s whining that the rest of the world has been ripping off the USA is a LIE. The US current account deficit is caused by massive US overspending and poor US earning (lousy productivity), just like a minimum wage worker who goes on an extravagant buying spree on credit at the stores, then when faced with unpayable debt, blames the stores for “ripping him off”.
Sachs explains the deceitful and delusional bases for the Trump tariffs, which will inevitably result in bad consequences for the USA.
https://podbay.fm/p/the-duran-podcast/e/1744105850
The multitrillion dollar stockmarket losses affecting his billionaire donor class over just a few days forced Trump to backpedal and pause all tariffs for 90 days (except for China) . Trump has no clue what the hell he is doing.
Trump’s “top” economic advisor Stephen Miran the Moron spewed out even more lies and delusions, totally debunked by Ben Norton’s analysis.
Can the USA reindustrialise? Can it win a trade war against China?
https://www.theguardian.com/us-news/2025/apr/09/trump-apple-iphones-made-in-usa
White House insists iPhones will be US-made – but Apple calls it a non-starter.
“[Apple] products require really advanced tooling. The precision that you have to have in tooling, and working with the materials that we do, are state-of-the-art, and the tooling skill is very deep [in China]…
“In the US you could have a meeting of tooling engineers, and I’m not sure we could fill the room. In China you could fill multiple football fields.”