Trump beats Clinton but Americans will learn the hard way that the US can’t change with an election

Gallery Archive, from ‘The Campaign Trail with Donald J. Trump’. Donald J. Trump for President, Inc.

Gallery Archive, from ‘The Campaign Trail with Donald J. Trump’. Donald J. Trump for President, Inc.

With a large part of voters disgusted from this US Presidential race, which reached unseen before heights of bitterness, hatred, toxic recrimination and another part of Americans ready to contest the result, had Donald Trump lost the race. In the end, he achieved a landslide win and will become the next President of the USA. Surely though his victory will increase the predicaments within and without the US.

As for the real problems, income inequality, the reign of the industrial-military complex, the mess of globalization, the sway of Wall Street banks and the deadlocks of US foreign policies in South East Asia and the Middle East, all that will continue haunting the White House. Trump will do very little to successfully confront them.  He has already disowned his early promise to increase taxation for the rich. He will certainly also back off from his other populist promises. Let’s dig a bit deeper to that.

The political ruins

Unfortunately, both pillars of the US political system came out of the last election severely damaged. The Democrats, because they failed to gain a majority in any of the two chambers of the Congress and suffered a humiliating defeat in the Presidential race. The Republicans, despite retaining both houses in their hands, the Trump landslide leaves the party divided in three well established and hostile between them factions. Trump himself a byproduct of the Party’s extreme ideologies, is now the leader of the new populist movement within the party. The ‘Tea Parties’ and the establishment of the ‘official’ Republicans constitute the other two factions.

The Party’s right wing ideology has even reached the point of supporting the abolition of the highly efficient American tax collection system. Last July, a committee made up by Republican Congressmen produced a document demanding the abolition of the Inland Revenue Service. It was a natural consequence then, that Trump made his banner the abolition of the entire ‘rotten system’, as he calls everything that keeps the US in one piece. Of course, he didn’t say with what he plans to replace it.

The Untouchable banks

With the eventual deep schism of the American society and the irrevocable multiple dissections of the political system, the White House under Trump will find it rather unfeasible to tackle the real problems. The financial hub of New York will try to make the average American pay for his victory, thus sending a message about what Wall Street can do, if Trump tries to touch its ‘freedoms’. The New York banks, despite losing their bets on Hillary, are far from being left without a large choice of weaponry. Not to forget that the US financial sector accounts for anything around 10% of the country’s GDP.

It was 4.9% in 1980 and at that time the global economy didn’t run any real danger of an economic Armageddon. Today, the New York bankers may not feel quite safe, but they will keep vying to soak up an increasing part of the country’s real economy. They are achieving this miracle by just doing nothing more than creating money and wealth that exists only, because the central bank (the Fed), the government and the other Washington authorities say it exists.

Trump, being a New York multibillionaire himself, will think twice before attacking the Wall Street sharks where it hurts; their freedom to use other people’s money to enrich themselves. The New Yorker businessman will surely compromise his anti-systemic rhetoric into cooperation with the ‘system’, as all populist politicians have done before him, right-wing and left-wing alike.

What about foreign policies?

Now concerning Trump’s foreign policies, he has clearly indicated a cool stance vis-à-vis Europe and Russia, a more aggressive attitude towards China and much less military presence abroad. The US-Mexico relations will probably not change much, despite Trump’s rhetoric. The geographic reality is unbeatable. However, foreign policy is affecting the internal positions of the industrial-military complex and the New York banks. In this respect, Trump may try to assume a tougher stance towards them, cutting down military and security spending. The banks are also affected by foreign policy issues for obvious reasons. But then again, if hard pressed, Trump may change his position once more. He is renowned for frequent position changes and unpredictability. He will have no problem justifying anything.

On the foreign trade front, Washington may start pressing China more and more and will eventually target a new reality in this sector. But those things are very difficult and time consuming to change. So, Trump may continue his rhetoric against free trade and globalization and at the same time not do anything important to change things. In Europe the Iron Curtain the Obama administration has started to construct, aiming at definitively disconnecting European Union from Russia economically will not be easily lifted.

Under Hillary Clinton, Washington would have considered the possible close economic cooperation of the EU with Russia, as a strategic threat for the US. Under Trump this may not be the case. Then again, tradition in Washington teaches us, that the White House can internally change the scenery, in the fields of taxation and other home policies but the in the foreign affairs domain the prerogative belongs to the public administration.

The Western financial universe

In the Western financial universe, the US will rather continue the attacks on Germany and the German business interests, ultimately aiming at the economic submission of Europe. This is clearly a key foreign affair issue, not an economic policy question. So, the attacks against the Eurozone banks will continue. The English language main stream media will play a central role in that, as they have already done in the case of Deutsche Bank. Trump will have no objection to that. He knows very well the key role the media can play, being himself a product of them.  Then, very probably, the new administration is to use all the means in its arsenal, including the International Monetary Fund to attack Eurozone. Washington doesn’t want the dollar very weak against the euro.

The US aim at the huge financial reserves of Germany. Washington wants Berlin to use a large part of its more than a trillion euro reserves, to refinance the problematic Eurozone banks and also cover South Europe’s economic deficits of all kinds. In this way, this German financial cushion will be greatly weakened, thus making Germany more compliant to US dictums.

Such a development, accompanied by a weaker euro, will make it more difficult for the German multinationals to acquire precious American assets, like the acquisition of Monsanto by Bayer. At the same time, the US business groups will be facilitated to buy key German businesses, as in the case of the electric automaker Tesla’s acquisition of Grohmann Engineering GmbH. This last German firm is the world champion in batteries manufacturing. All this will continue to happen under Trump.

In conclusion, the Trump triumph will have fewer consequences than many people think. He belongs to the category of populist politicians by nature and mind, and all of them have poorly or not at all served the cause and the rhetoric that brought them to power. The latest examples are the Greek Prime Minister Alexis Tsipras and the British Brexiteers. Tsipras was elected to fight the economic surrender of his country to her creditors and did exactly the opposite. As for the British Brexiteers, they pretend now they didn’t know how difficult it is to winkle Britain out from the EU.

Trump will be using exactly the same arguments every time he will be forced to justify his policies, in contrast to what he has said, in order to get elected.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Featured Stings

Commission’s Youth Initiative fails first hurdle by not sufficiently consulting young people

Ukraine takes EU money and runs to sign with Russia

China in my eyes

Brexit update: Leave campaign leads race but undecided voters will determine the outcome of the EU referendum

At the edge of humanity: refugee healthcare in Greece and the EU

Italy can stand the US rating agencies’ meaningless degrading

The Parliament defies a politically biased Banking Union

COP21 Paris: The Final Agreement Adopted-full text

South Eurozone needs some…inflation and liquidity

Berlin to pay at the end for Eurozone banks’ consolidation

Intel @ European Business Summit 2014: Better decisions now, the new business dashboard 

Commission paralysed before the banking leviathan

ECOFIN: Protecting bankers and tax-evaders

European financial values on the rise

Mixed news about the Eurozone economy

ECB’s billions fortify south Eurozone except Greece; everybody rushes to invest in euro area bonds zeroing their yields

EU officially launches its first naval mission against migrant smugglers

Europe provides financial support to African countries while Turkey denies to change terrorism laws jeopardising the EU deal

Greferendum: the biggest political gaffe in western modern history to tear Europe apart? #Grexit #Graccident

Youth policy in Europe not delivering for young people

“CETA is a game changer for major trade agreements”. The Sting reports live from EBS 2015

Eurozone to enter the winter…

“Hasta la vista” Google says to Spain and now Europe is next?

The Sting’s Team

YOUTH RIGHTS AT RISK FROM RISE OF EXTREME-RIGHT AND POPULISTS IN THE EUROPEAN PARLIAMENT

Should Europe be afraid of the developing world?

Junker for Commission President: What were the stakes in this affair

EU Commission spends billions without achieving targets

The Franco-German axis considers that all EU needs now is more armaments

Health Education, is it a necessity?

VW emissions scandal: While U.S. car owners are vindicated, Europe still unable to change its laws and protect its consumers

EU-US relations on the dawn of the Trump era

A Young student assesses the Programme for International Student Assessment (PISA)

Brexiteer May gets lip-service from Trump and Turkish promises from Erdogan

A young European voice on Grexit: too high a bill and too big a deal!

Who is to lose from the 6-month extension of the EU economic sanctions against Russia?

Eurogroup asked to reduce public debts of its member states

Early signs of growth in Eurozone?

COP21 Breaking News_03 December: Transport Industry Drive for Improved Energy Efficiency and Electro-Mobility to Stem High Growth of Emissions

The EU Commission to fight unemployment tsunami with a…scoreboard

CHINA UNLIMITED. PEOPLE UNLIMITED. RESTRICTIONS LIMITED

G20 World Exclusive Interview: “The world, especially emerging economies and developing countries, require a more sustainable and quality development”, the Spokesperson of Japan underscores live from Antalya Turkey

Not much of a help the new EU Directive on pensions

The strong version of the EU banking union gains momentum

WhatsApp to face scrutiny from EU regulators task force over data sharing with Facebook

German and French bankers looted the Irish and Spanish unemployed

Deutsche Bank: the next financial crisis is here and the lenders need €150 billion from taxpayers

Commission to decide definitely on genetically modified Maize 1507 seed

The Tears of lovely Memories

IMF v Germany: Eurogroup keeps the fight under control

No recovery for EU economy in sight and a Brexit can aggravate things for everyone

Google once more under EU crossfire from a possible record fine and new Right to be forgotten case

G20 LIVE: G20 Leaders’ Communiqué Antalya Summit, 15-16 November 2015

Community Manager – 1289

No end to Deutsche Bank’s problems: new litigations in the US and frailty in EU stress test

Trump’s Russian affair spills over and upsets Europe

Can the EU afford to block China’s business openings to Europe by denying her the ‘market economy status’?

Global Talent – Professional Internships

German heavy artillery against Brussels and Paris

More Stings?

Comments

  1. The EUSSR that rotten dictatorial edifice that druncker runs will collapse very soon,and you better believe it,god bless AMERICA.

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s