Tag Archives: ITV

TRADE WAR LOOMING

Consternation has been expressed this week that the US currently has no Ambassador to South Korea, at a time when war between the US and North Korea is a definite possibility.  Nothing has been said about the fact that the US has no Ambassador to the European Union, also at a very critical time.

On Sunday, in a British television interview, President Trump described the EU’s trading policies as “unfair” to the US and threatened increased tariffs on imports from the 27-member nation trading club.

The US president, Donald Trump, claimed in an interview with ITV broadcast on Sunday that the EU had been “very unfair” on American exporters, and that it would “morph into something very big” that would “turn out to be very much to [the EU’s] detriment.”

Washington is currently examining the case for protecting US economic interests on national security grounds, including the imposition of import tariffs on aluminum and steel.

Responding to Trump’s comments, a spokesman for the European commission told reporters in Brussels that the EU was ready to hit back if its importers were made to suffer.

The spokesman said:   “For us trade policy is not a zero sum game.  It is not about winners and losers.  We here in the European Union believe that trade can and should be win-win.

“We also believe that while trade has to be open and fair it also has to be rules-based.  The European Union stands ready to react swiftly and appropriately in case our exports are affected by any restrictive trade measures by the United States.”

(“Brussels prepared for trade war with US if it restricts EU imports,” Daniel Boffey, The Guardian, 29th January, 2018).

There is an assumption in the United States that America is the biggest trading power in the world and can dictate to others when it comes to trade.   This may not be the case.

“The adjusted GDP of the 28 EU member nations is bigger than both China and the US, the traditional list of world’s economic super powers.

“In nominal U.S. dollar terms, the European Union (plus Norway, Switzerland, Iceland) accounted for 25.4% of world output in 2014 according to data from the International Monetary Fund.  That was greater than America’s share (22.5%) and well in excess of China’s—13.4%,” said Quinlan.

(“Europe is bigger than the US”, Bob Bryan, Business Insider, 30th June, 2015).

These facts will have changed in the 2 ½ years since this was written. When the United Kingdom leaves the European Union next year, the figures will need to be further adjusted.   But the figures do convey that the US, the EU and China are each roughly on a par when it comes to the size of their economies.

What is not conveyed here is how powerful the European Union is through its trading agreements.   Whereas the US has twenty major trading partners, the EU has eighty.   These countries will all likely side with Brussels if a trade war worsens.

Nobody is likely to benefit from a trade war.   The latest tariffs the US imposed on Chinese washing machines, for example, will increase the cost of purchasing a washing machine in the US.   This will apply to thousands of products as tariffs are increased by all three economic powers.

There’s a lesson from history here.  The Smoot-Hawley Act, passed by Congress in 1930, raised tariffs on over 20,000 items imported from other countries.   One side effect was that US trade decreased by over 50% increasing unemployment.   This period became known as the Great Depression.

The first shots have been fired in a new trade war.   It’s not likely that the US will come out ahead here, certainly not in the long term.   Putting “America First” will mean the rest of the world coming together in a renewed commitment to globalization, leading to the new global economic system predicted in Revelation 18.

Note the following just after Angela Merkel’s speech to the World Economic Forum in Davos:

“German Chancellor Angela Merkel insisted on Wednesday “protectionism is not the answer” to world problems, addressing the Davos economic summit before US President Donald Trump appears to defend his “America First” agenda.

“We think that shutting ourselves off, isolating ourselves, will not lead us into a good future.   Protectionism is not the answer,” Merkel said in a speech in the Swiss resort.

She spoke a day before the arrival of the US president whose aggressive trade policies have raised concern among defenders of globalization.

“Let us not shut off from others, let us keep pace with the best in the world and let us canvas for this multilateral approach,” Merkel said.”

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Headline in WIN (World Israel News)

German FM in Israel rejects US Jerusalem move, warns of European ‘frustration’ (1st February)

During a visit to Israel, German FM Sigmar Gabriel blasted those who oppose a Palestinian state, demanding a two-state approach to the Israeli-Palestinian conflict.

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DARKEST HOUR

We went to see “Darkest Hour” recently.   Although not perfect, the movie is a fairly accurate attempt at showing what Winston Churchill was up against when he suddenly became Prime Minister in May, 1940.  Forgotten now is how close Britain came to being invaded by Hitler’s armies.   The future of the world depended on what was to follow – if the UK had fallen, other nations would have had to sue for peace on Hitler’s terms.   Those “other nations” included the United States, which was totally unprepared for war in 1940.

Britons like to say that they “stood alone” against Hitler.   Certainly, in Europe that was true.   But forgotten now is a simple fact:   at the time, Britain ruled a quarter of the world’s people.   All these nations fought with Britain.   Two and a half million Indians were in the British Army, plus hundreds of thousands of people from Africa and the Caribbean.   Additionally, the British dominions (Canada, Australia, New Zealand, South Africa and Southern Rhodesia) played a major role.

In the event of another threat to Britain, none of these countries will be likely to come to her aid.

Watching the movie, you can also see clearly the similarities with today.   Whereas, in 1940, Britain was faced with an enormous military threat from Germany, today it’s an economic threat – from the German dominated EU.   As the Brexit negotiations continue, the EU has the advantage, because the Brits are allowing them to.  There seems to be a lack of backbone in standing up to Brussels, Berlin and Paris.  The FT’s Philip Stephens today described the mess as “Britain’s nervous breakdown.”

Sadly, there is no Winston Churchill waiting in the wings!

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Note the following headline from the British Daily Express newspaper following an incident were young leftists stormed the Churchill café, screaming that Churchill was a racist.   Nigel Farage is the man who led the Brexit campaign.   Churchill was an Empire-loyalist, an unforgiveable sin in today’s Britain!

“Nigel Farage TEARS APART ‘pig-ignorant’ lefty gang who terrorized Churchill café.  NIGEL FARAGE aimed a furious tirade in the direction of a group of protesters who burst into a Winston Churchill-themed cafe in London while chanting Britain’s wartime leader was a “racist.”

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TRUMP’S AFRICA

You will remember that Donald Trump reportedly described African countries as “****hole countries.”

At least two countries on the Dark Continent are capitalizing on this.

Namibia is promoting tourism with posters proclaiming that “Namibia is Africa’s Number One ****hole country.”

Namibia is not the only country to take advantage of Trump’s words.

According to the Wall Street Journal yesterday, “A Facebook page run by a marketing group promoting tourism in Zambia – famed for the Zambezi River that feeds the spectacular Victoria Falls – includes a slogan welcoming visitors to “****hole Zambia.”   “Where beautiful vistas and breathtaking wildlife are our Trump card!” says an accompanying post.

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FOR FUN!

Some entertaining posts on FaceBook . . .

 

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JUST ONE FRONT PAGE

 

Sunday Telegraph 5:8:2016

A British quality Sunday newspaper is a joy to behold.  Only three are left, now that The Independent on Sunday has folded.  The three are the Sunday Times, the Observer and the Sunday Telegraph.  Friends brought me a copy of the latter, a conservative paper, when they arrived in the US from England a few days ago.   I am very grateful for the paper, even though it’s a few days old.

In actual fact, it’s now eight day old, but still very relevant.

On the front page are two articles that reveal a great deal about Britain today.

The lead article, “Migration pressure on schools revealed,” by Tim Ross, highlights the reality of an extra 700,000 foreign language pupils in British public (state) schools.   (Multiply that by five to get the US equivalent.)   Additional funds are needed when pupils speak multiple languages.   The cost to the UK taxpayer will run into the multiple millions.

The immigrants profiled in the article are from other EU countries. They do not include the latest refugees from Syria, Iraq and Afghanistan, nor do they include Indians and Africans who have been entering the UK for decades.   Free movement of peoples within the European Union, including the United Kingdom, has led to this situation.  It may be a decisive factor in June’s referendum, when the British people get the opportunity to vote on remaining or leaving the Union.

A second front-page article bears the headline “Terror suspects win human rights battle” by Robert Verkaik and Robert Mendick.  The first two paragraphs read:   “Six Algerian terror suspects with links to Osama bin Laden and al-Qaeda are to be allowed to stay in Britain after the Home Secretary admitted defeat in a 10-year legal battle to deport them.  The move follows a challenge under the Human Rights Act which found that the men were at risk of torture if they were deported to Algeria.”   No doubt these men, linked to terror, will be entitled to receive state benefits in the UK.  This means that their terrorist activities will be financed by the British taxpayer.   The taxpayer has already had to pay out for ten years of legal fees to cover both sides in the dispute.

After finishing the paper yesterday (Sunday) I read the Lansing State Journal.   A front page article informed readers that Michigan is about to see a “surge” of Syrian refugees.   Again, the taxpayer will have to foot the bill, pushing much-needed road repair further down the list of priorities.   Additionally, there is also the prospect of future terrorist acts.

Is anyone in government sane???

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TRUMP vs CAMERON

Staying in the UK, Prime Minister David Cameron described Donald Trump’s attitude to Muslim immigration as “stupid, divisive and wrong.”  This does not bode well for the Atlantic alliance or the Special Relationship that has existed between Britain and America since FDR and Churchill.  Mr. Trump said earlier today that he does not think he and Mr. Cameron will have a very good relationship should he enter the White House.

Considering the terrorist acts that have been perpetrated against the West by Islamic terrorists, we should also ask who is really “stupid” here?   I wonder why leaders throughout the Western world seem so determined to encourage the Islamization of their countries?   As Donald Trump put it today:   “It sounds like he (Mr. Cameron) is not willing to address the problem either.”

The Islamic presence, fairly recent in the context of US and British history, has itself led to division.   A further comment from the BBC’s website followed:

“He (Trump) is also involved in a spat with new London Mayor Sadiq Khan.

The US presidential contender said he would not forgive Mr. Khan for calling him “ignorant” – and challenged the Mayor to take part in an IQ test, an offer mocked by Mr. Khan’s team.”

Further division no doubt lies ahead.

Mr. Trump is also calling on Muslims “to turn people in.”   In a television interview shown on British television’s ITV (not the BBC) the presumptive Republican nominee said he is not anti-Muslim, but rather anti-terror. He called on practicing Muslims to cooperate with the police in their fight against Islamic terror.

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EU FACES ‘POPULIST UPRISING’

Sir Richard Dearlove, the former head of Britain’s intelligence service, MI6, warned today of the consequences to Europe if the continent does not get on top of the migrant crisis.   “If Europe cannot act together to persuade the majority of its citizens that it can gain control of the migratory crisis, then the EU will find itself at the mercy of a populist uprising which is already stirring.   The stakes are very high and the UK referendum is the first roll of the dice in a bigger, geopolitical game.”

“Sir Richard also warned against offering visa-free travel to Turkish nationals, describing the move as like storing gasoline near a fire.” (BBC News website.)