ELDER PATRIOT – No magic wand necessary! President Trump dispatched his Treasury Secretary Steve Mnuchin to the annual summit of the world’s leading economies in Baden-Baden Germany and ordered him to use some hard negotiating tactics to extract what he wanted from the G-20’s final position communiqué.
And, wow! Trump got everything he promised us he would during the campaign.
The finance ministers and central bankers of the world’s 20 top economies (G20), had spent the last decade rejecting protectionism, endorsing free trade (as long as it came at the expense of the United States,) and financing its climate change agenda.
And, for the past eight years Barack Obama sat back and let them fleece American taxpayers and steal American jobs. I’m happy to report that because we elected Donald Trump those days are over.
If you were wondering why German Chancellor Angela Merkel looked so unhappy yesterday it wasn’t only because President Trump knocked her down a couple of notches during their meeting at the White House. Secretary Mnuchin was in her backyard, at the same time, convincing the finance ministers and central bank chiefs from the world’s top 20 economies to break their decade-long tradition of endorsing open trade. That was a major defeat for host nation Germany that relies on its trade imbalance with the United States to fund its suicide at the hands of Merkel’s expensive Islamic refugee program.
Likewise, the Chinese were forced to acquiesce on changing the formulations written into previous G-20 policy papers in order to allow for President Trump’s promised border tax that will curb imports from the communist nation.
Trump and Mnuchin weren’t finished there. The final communiqué also dropped – get ready for this – measures that called for financing the Paris Climate Change Treaty!!!
Boom!!! Win! Win! Win!
With their tails firmly tucked between their legs, Mnuchin agreed to let the world’s financial leaders walk away with “reaffirm[ing] our previous exchange rate commitments, including that we will refrain from competitive devaluations and we will not target our exchange rates for competitive purposes.”
This is another setback for China that notoriously devalues its currency to make its exports more affordable. Even this was another win for Trump because unlike Obama who turned a blind eye towards China when they did this, Trump will force the commies to play by the rules.
This win came so easily one is left wondering whether Barack Obama purposely surrendered America’s fiscal solvency to nations of the world. Ya think?
Sick of winning yet?