Tuesday , November 5 2024
Home / Mike Norman Economics / Tom Luongo — Trump Betrays MAGA Over Venezuela

Tom Luongo — Trump Betrays MAGA Over Venezuela

Summary:
As Alistair Crooke succinctly put it last year at Strategic Culture: The US – were energy dominance to succeed – simply would control the tap to the economic development – or its lack thereof – for rivals China, and Asia. And the US could squeeze Russia’s revenues in this way, too. In short, the US could put a tourniquet on China’s and Russia’s economic development plans. Is this why JCPOA was revoked by President Trump? Here then, is the squaring of that circle (more US power, yet less empire): Trump’s US aims for ‘domination’, not through the globalists’ permanent infrastructure of the US defence umbrella, but through the smart leveraging of the US dollar and financial clearing monopoly, by ring-fencing, and holding tight, US technology, and by dominating the energy market, which in

Topics:
Mike Norman considers the following as important: , , ,

This could be interesting, too:

Matias Vernengo writes Very brief comments on Venezuela

Jeff Mosenkis (IPA) writes IPA’s weekly links

Mike Norman writes Sputnik — Senior White House Officials Agree to Cut Huawei From Global Chip Supply – Report

Mike Norman writes Michael Hudson —Persian Powerplay

As Alistair Crooke succinctly put it last year at Strategic Culture:

The US – were energy dominance to succeed – simply would control the tap to the economic development – or its lack thereof – for rivals China, and Asia. And the US could squeeze Russia’s revenues in this way, too. In short, the US could put a tourniquet on China’s and Russia’s economic development plans. Is this why JCPOA was revoked by President Trump?
Here then, is the squaring of that circle (more US power, yet less empire): Trump’s US aims for ‘domination’, not through the globalists’ permanent infrastructure of the US defence umbrella, but through the smart leveraging of the US dollar and financial clearing monopoly, by ring-fencing, and holding tight, US technology, and by dominating the energy market, which in turn represents the on/off valve to economic growth for US rivals. In this way, Trump can ‘bring the troops home’, and yet America keeps its hegemony. Military conflict becomes a last resort.

Most of Trump’s supporters refuse to admit this is the plan. They still want to believe that National Security Advisor John Bolton and Secretary of State Mike Pompeo were thrust upon him by the nefarious Deep State.
And that Trump is a trapped hero in a cage yearning to breathe free and MAGA, if we just support him a little more. Nonsense.
Trump has been very clear about this policy for years. We take over these places, kill the bad people and pay for it all by stealing their natural resources, in this case oil.

It is Trump’s 17th century view on trade writ large....
Ben Norton
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *