By staff writers
The ABC in concert with ‘Pretty Boy’ Prime Minister Albanese continue to dump on Trump’s tariffs forgetting he holds the keys to Australia’s national security.
AUKUS is floundering while Albanese and the socialist, national broadcaster continue their anti-US tirade oblivious to their heroes, the corrupt and woke Democrats having been cast into the political wilderness.
Sir Niall Ferguson, a senior fellow at the Hoover Institution at Stanford University and senior faculty fellow at Harvard, says there is no end in sight to the trade war. He told Four Corners reporter Steve Cannane why Trump’s tariffs won’t work and what he sees as the dangers of the trade war escalating into a real war.
Sir Niall Ferguson, a mouthpiece for the London School of Economics, is a graduate of failed Adam Smith economics, a hallmark of the Rothschild family, and happens to be one of crooked Joe’s Democrat supporters.
His classical Fabian antecedents:
Sir Niall Campbell Ferguson, HonFRSE (/niːl/ NEEL; born 18 April 1964)[1] is a British-American historian who is the Milbank Family Senior Fellow at the Hoover Institution and a senior fellow at the Belfer Center for Science and International Affairs at Harvard University.[2][3] Previously, he was a professor at Harvard University, the London School of Economics, New York University, a visiting professor at the New College of the Humanities, and a senior research fellow at Jesus College, Oxford. He was a visiting lecturer at the London School of Economics for the 2023/2024 academic year and at Tsinghua University in China from 2019 to 2020.[4][5] He is a co-founder of the University of Austin. – Wikipedia
On July 8 we published a piece from a US economic analyst describing Britain’s horror over Trump’s dismantling of their centuries-long hold over world trade:
In this Monday Brief, Barbara Boyd delves into President Donald Trump’s vision for rebuilding America’s manufacturing and industrial economy. She contrasts Trump’s strategy with the tactics of the modern British financial empire, which uses debt fear to obstruct productive investments. The episode discusses the geopolitical maneuverings involving Middle East peace plans, significant tariffs, and strategic mineral deals. Boyd also critiques Elon Musk’s recent opposition to Trump’s policies, arguing that Musk’s lack of economic understanding makes him an unwitting tool for financial elites.
There it is readers, Niall Ferguson is a textbook Adam Smith apologist pushing free trade enabling the financial oligarchy to continue its plunder of world commerce trying to keep alive British East India Company’s opium trade which continues today.
Australian critics forget Australia became an economic powerhouse in the 20th century through tariffs. Our primary industries were regulated, imports could not compete and Australians enjoyed an economically stable, free life style equalled only in America and Canada.
made in Australia
Australia’s primary industries, including wheat, wool, and dairy, underwent significant deregulation between the 1970s and early 2000s, driven by Liberal and Labor economic rationalists and a move towards market liberalisation.
This process involved dismantling statutory marketing authorities, removing price controls, and opening up previously regulated markets to competition.
Australia has been on a downward economic spiral ever since thanks to the deregulating, free trading Liberals, Nationals and Labor.
Trump is not an Adam Smith zealot, he is an economic realist who has put America first and reintroduced tariffs to protect America’s manufacturing and primary industries.
Labor sold Australia out in 1975 on behalf of the London School of Economics, a Fabian enclave, with the Lima Agreement. We must never forget Gough Whitlam QC, PM, the Fabian Melbourne barrister who tried to upend the financial oligarchy and take back control of Australia, the quarry and sheep paddock.
A noble sentiment indeed but puny Australia was no match for the City of London, Wall Street and the CIA whose bribed, Canberra political party members ensured the nation was relegated to the economic dustbin.
Never mind that Whitlam was considered among Labor ranks as Fabius Maximus himself.
https://cairnsnews.org/2024/02/04/labors-lima-agreement-betrayed-australia/
An Adam Smith economics trademark, The Wealth of Nations, is a socialist textbook of voodoo economics:
Adam Smith is particularly known for his concept of the “invisible hand” and his advocacy for free markets. His seminal work, An Inquiry into the Nature and Causes of the Wealth of Nations, published in 1776, laid the foundation for classical economics and continues to influence economic thought today.
Here’s a breakdown of his key contributions:
1. The Invisible Hand: Smith’s most famous concept, the “invisible hand,” describes how individuals pursuing their self-interest can unintentionally benefit society as a whole. This self-regulation of the market, driven by supply and demand, is a core idea in classical economics.
2. Division of Labor: Smith emphasized the importance of the division of labor in increasing productivity and wealth. By specializing in tasks, workers can become more efficient and output can increase significantly.
3. Free Markets: Smith was a strong advocate for free markets and limited government intervention. He believed that competition and the pursuit of self-interest, within a framework of fair rules, would lead to the most efficient allocation of resources and overall prosperity.
Smith’s ideology today does not allow for disparity of incomes between each country’s workforce. It relies on a fanciful ‘supply and demand’ thesis; “We demand you supply!”
The Chinese national average annual salary for urban employees in non-private sectors was around $16,837 USD in 2023. In the Jiangsu province, this average reached $17,451 USD.
Australia’s average wage is $102,742 AUD which has finished off nearly all of our manufacturing industries. Our goods are too expensive.
Militant Communist unions with their crippling wage demands have scuttled the car industry, the rag trade, textiles, footware, steel, aircraft, munitions, ship-building and soon alumina.
Trump is already reaping rewards for Americans with wide-ranging tariffs on most goods entering the country because of his ‘America First’ policy.
Australia has no such statesman promoting Australia First. The closest we have is parliament’s elder and Far North renegade Bob Katter, the only representative who has continually castigated free trade.
If Australia were not regarded as the world’s quarry we would cease to exist.
