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Political Information : True US History Last Updated: Jul 20, 2019 - 5:27:23 AM


Strong Dollar is Good for Small Businesses
By Sartre with comments by Ron
Jul 20, 2019 - 11:42:18 PM

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http://batr.org/merchantry/071619.html

trumpdollar.jpg Strong Dollar is good for Small Businesses

The Trump economy has provided a much needed optimism. While confidence for the future has grown over the meager performance under Obama, the fabric of prosperity has not yet achieved universal reach. Remember that an America First economy thrives on a strong dollar. So it is unfortunate that the establishment is pushing President Trump into favoring an internationalist trading system that hinders a domestic small business economy. The corporatists on Wall Street hate independent business.

[Ron: I disagree. Tariffs help local producers and hence small LOCAL businesses.The corporatists have used a strong USD to justify moving their US production facilities off shore which has hollowed out US industry at all manufacturing levels and created massive unemployment and underemployment in the US. The effect has been to starve small manufacturing and associated businesses of opportunities to service large scale industries. Moreover, a stromg dollar has enabled USans to buy most of what they want from cheap overseas imports. The result has been that the corporatists have emasculated US small business opportunities. President Trump HAS to ensure that the dollar reduces in value for these reasons and because it is grossly over valued vis-a-vis foreign currencies; and the longer the readjustment is delayed the bigger the impact of the fall in the value of the USD is likely to be. Presumably Trump is forcing The Fed to reduce interest rates and increase domestic liquidity so that Main Street business can recover somewhat before the crunch comes when the US will  have to operate using a domestic currency the value of which may only be perhaps half of the current strong value of the USD.].

In order to combat the export of American jobs, much higher tariffs should be imposed. Raising the value of the U.S. Dollar (Federal Reserve notes) would put an end to the oversea search for the cheapest labor regime.

[Ron: I agree that high tariffs are needed to protect local US jobs but disagree with the proposition that raising the value of the USD would end the search for cheaper overseas labour costs.  WHY would further increasing the value of the USD end the scramble by US corporatists for ever cheaper labour costs overseas? A higher value USD would simply make imports of foreign goods and services cheaper.].

International trade that diminishes domestic output has been the primary cause of destroying our national autonomy. For those who are in denial, admitting this fact is a major threat to their cartel of global interdependency.

What a big mistake when Trump reportedly asked aides to find a way to weaken the dollar.

"Trump has grown increasingly frustrated with the strength of the dollar as his administration pursues its signature "America First" agenda, levying punitive duties on major trading partners. Economists said the dollar has strengthened in part because of policies such as the $1.5 trillion tax-cut package that was passed in 2017."

This assessment from Markets Insider shows just how confused the main stream business media is about the true nature of an American First policy. A Merchantry based wealth creation structure would spread the legitimate profits of commerce among small business owners and local employees. Read the Seeking Alpha article, Small Caps Love A Strong Dollar, "What many don't realize is that a strong dollar helps far more companies than it hurts, especially among smaller producers."

Another approach is put forth by Jim Daws in The American Thinker essay, What to Do about the Strong Dollar.

"One proposal to address the artificially strong dollar is the Competitive Dollar for Jobs and Prosperity Act, advocated by the Coalition for a Prosperous America.  The CPA represents manufacturers, agriculture, and labor to rebuild the economic health of Middle America that's been hit so hard by decades of globalism.

The bill would amend the Federal Reserve Act to add a mandate to achieve a balance of trade to its current mandates of full employment and low inflation.

[Ron: WHY would adding a requirement to achieve a balance of trade to the existing mandate of the private banksters who own the Federal Reserve System (The Fed) make any difference to the situation? WHAT sanctions would there be for the private bankster if they fail? Not only have the private bankers who own The Fed NOT managed to achieved anything like full employment in the US for the last 50 years (or during the 1930s) BUT the IF monetary policy was properly handled there should be NO inflation, ie NO DEVALUATION OF THE CURRENCY, whereas the devaluation has been sooo great that today's USD barely buys more than what ONE cent bought in the US prior to the establishment of The Fed in 1913.

The privately owned Federal Reserve System needs to be abolished and replaced by REAL, properly supervised and audited, government (community) control of the issuance of interest (usury) free US money which must be properly asset backed rather than being mere fiat debt tokens created by private corporate fraudsters out of thin air as is currently the case. IF that is not done nothing will change and the dystopia currently enveloping the US and the Western world will cause total economic and societal collapse in all the countries currently granting free licences to Rothschilds controlled Cental banking cartel systems. President Trump knows this and his Administration is moving to reshape the US economy as part of a reset of the global monetary system.].

It would create an exchange rate management tool for the Fed called a Market Access Charge, to be levied on foreign purchases of American securities, in order to adjust the strength of the dollar.  The MAC would be collected by the Treasury and would be moved up or down to gradually to achieve a trade-balancing exchange rate within five years.  The legislation would also authorize the Fed to retaliate against nations that manipulate their currencies to gain trade advantages."

A careful assessment indicates that granting additional powers to the private Federal Reserve does little to rebuild a domestic manufacturing economy. At the core of a 'Make America Great Again' is a revival of high paying domestic jobs much like the manner that Henry Ford paid his workers a living wage so that they could afford buying the cars they produced. The only way to eliminate the trade deficit is to close the door on imports that undercut goods and merchandise made in the USA.

All the screams from the dishonest "Free Traders" who originated the detrimental shortfalls, caused much of the rise in all the red ink. Back before Donald Trump was elected President, Steven Hansen wrote the article, A Strong Dollar Is Mostly Good For The U.S., So Is Middle Class Economics.

"America has become too dependent on government and big business for employment. Small business is the engine of middle class economics. The existing regulations make it very hard for a middle class person to start and run a business. Gallup stated:

Because we have misdiagnosed the cause and effect of economic growth, we have misdiagnosed the cause and effect of job creation. To get back on track, we need to quit pinning everything on innovation, and we need to start focusing on the almighty entrepreneurs and business builders.

If the politicos are correct that tax relief and deregulation are the answers for Middle Class Economics, focus them entirely on small business so we are somewhat assured the benefits go into the correct pocket."

The rigged game of Wall Street is designed to keep small business SMALL.

[Ron: I disagree. Arguably the current Talmudic FASCIST bankster cum corporatist elite has almost eliminated small business and THAT is its intention. See eg: How Interlinked Corporations Rule The World. - http://abundanthope.net/pages/Political_Information_43/How-Interlinked-Corporations-Rule-The-World.shtml

Corporate Transnational Warlord Pirates Are On the Run- Vanguard - http://abundanthope.net/pages/True_US_History_108/Corporate-Transnational-Warlord-Pirates-Are-On-the-Run--Vanguard.shtml

Life Before The Income Tax - http://abundanthope.net/pages/Political_Information_43/Life-Before-The-Income-Tax.shtml

The corporate stranglehold on food and agriculture. - http://abundanthope.net/pages/Health_and_Nutrition_37/The-corporate-stranglehold-on-food-and-agriculture.shtml

Corporations Masquerading as Government in Australia & World Wide. See: http://abundanthope.net/pages/Political_Information_43/Corporations-Masquerading-as-Government-in-Australia-World-Wide.shtml

How Billionaires Become Billionaires -- http://abundanthope.net/pages/Political_Information_43/How-Billionaires-Become-Billionaires.shtml

Which Companies Have The Most Tax Havens? - http://abundanthope.net/pages/Political_Information_43/Which-Companies-Have-The-Most-Tax-Havens.shtml].

Raising capital to actually start an enterprise or expand a successful venture has long ago been transplanted by facilitating the export of a domestic developed business into a global multinational that thrives on tax evasion.

Add to this money-lender scheme of finance with currency manipulation and you get a controlled domestic economy. Put in place an automatic increase in tariffs when a foreign country devalues their own currency. Develop a balance in real values for trade, which protects our own companies that employs our American neighbors.

Concluding up quite nicely, Andrew Moran notes in A Weak Dollar Won't Make America Great Again.

[Ron: NOTHING can make America great again while it is controlled by a privately owned Rothschilds Central Bank and Talmudist owned commercial banks charging interest (usury) for fraudulent fiat debt token fraudulently called "money".

"Considering that half the country lives paycheck to paycheck, wages have not kept up with the cost of living, and the consumer price index (CPI) has topped 2%, Americans have received foreign aid in the form of discounted goods.

An inferior dollar would only apply added upward pressure on domestic prices. With signals that price inflation is beginning to ramp up, it is crucial the administration dumps the idea of debasing the dollar. Even using it as a trade negotiating chip is a foolish idea, especially with reports that the Chinese government is considering stopping or slowing down its purchases of U.S. debt.

[Ron: The petro-dollar is doomed and once the rest of the world 'gets the memo' the USD is kaput. The only way to 'save' the US and other financial systems dependent on Western Rothschilds' controlled banking systems is to reset the global monetary system by eliminating Talmudic "money" creation and usurious banking which will require a global debt jubilee and creation of proper, usury free, money creation and distribution systems organised on a national basis and properly audited and controlled by local populations].

Moreover, the dollar hegemony in international markets is being threatened. The likes of China, Russia, and Germany are all starting to make room for other currencies. If the greenback is losing its global prestige, then what incentive would Beijing or Moscow have to reverse their new monetary attitudes ?

A country cannot be made great again by destroying its currency. The U.S. dollar already shed about 10% of its value in 2017. The president must resist the temptation of eroding it any further. Otherwise, he risks hurting the economy, the federal government's finances, and the well-being of Americans."

[Ron: I disagree for the reasons mentioned above.].

Small business needs the protection of high tariffs and the purchasing power of a strong dollar.

[Ron: I think that small, and often Big, businesses need tariff protection to survive. I disagree with the proposition that small businesses need a strong dollar (local currency) to thrive. Small business is LOCAL business. A strong dollar makes imports cheaper and destroys the viability of local businesses and hence local communities. THAT is what globalisation and centralisation of economic development is designed to do. IF tariffs limit the ability of foreign producers to dominate domestic markets with subsidised or otherwise cheaper goods and services, the value of the local currency can be keeped as low as possible, and stable, in order  to increase local spending and the rate (velocity) at which the local currency changes hands.].

President Trump must not listen to the globalists and avoid the internationalism of the Deep State.

[Ron: President Trump is destroying the internationalism of the "Deep State" as we speak.].

SARTRE - July 16, 2019

[Colour fonts, bolding and comments in square brackets added.].

RELATED ARTICLES:

How Interlinked Corporations Rule The World. - http://abundanthope.net/pages/Political_Information_43/How-Interlinked-Corporations-Rule-The-World.shtml

Corporate Transnational Warlord Pirates Are On the Run- Vanguard - http://abundanthope.net/pages/True_US_History_108/Corporate-Transnational-Warlord-Pirates-Are-On-the-Run--Vanguard.shtml

Life Before The Income Tax - http://abundanthope.net/pages/Political_Information_43/Life-Before-The-Income-Tax.shtml

The corporate stranglehold on food and agriculture. - http://abundanthope.net/pages/Health_and_Nutrition_37/The-corporate-stranglehold-on-food-and-agriculture.shtml

Corporations Masquerading as Government in Australia & World Wide. See: http://abundanthope.net/pages/Political_Information_43/Corporations-Masquerading-as-Government-in-Australia-World-Wide.shtml

How Billionaires Become Billionaires -- http://abundanthope.net/pages/Political_Information_43/How-Billionaires-Become-Billionaires.shtml

Which Companies Have The Most Tax Havens? - http://abundanthope.net/pages/Political_Information_43/Which-Companies-Have-The-Most-Tax-Havens.shtml

Citizens United v. FEC: Corporate Personhood Must be Eliminated if Humanity is to Survive. – http://abundanthope.net/pages/Ron_71/Citizens-United-v-FEC-Corporate-Personhood-Must-GO-if-Humanity-is-to-Survive.shtml

One Cannot be Pro-War And Pro-Business - http://abundanthope.net/pages/Political_Information_43/One-Cannot-be-Pro-War-And-Pro-Business.shtml

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