WallStForMainSt: Louis Cammarosano (Smaulgld): Why Does President Trump Want a Trade War With China So Badly?
Jason Burack of Wall St for Main St interviewed returning guest, former Wall St lawyer, former Silicon Valley executive and current precious metal and crypto currency analyst, Louis Cammarosano of Smaulgld https://smaulgld.com/.
ouis provides balanced, level headed coverage of gold, silver and crypto currencies as well as the global economy. His YouTube channel with great, thought provoking content is here: https://www.youtube.com/channel/UCdXBl9Py1W98zX9A9AUbaNQ/featured
During this interview, Jason asks Louis about why he thinks President Trump wants a trade war with China so badly and why Louis thinks the US will win a trade war?
Jason and Louis discuss how there's never really been free trade in the global economy because many countries use different forms of mercantilism such as manipulating/devaluing/pegging their currency for a favorable exchange rate to boost exports and/or using protective tariffs on imported goods to protect domestic industries. Despite many cases of this happening throughout history by many countries, this has been (mis)labeled as free and fair trade.
Louis thinks the US can collapse China's Ponzi scheme economy with tarrifs on Chinese imports and other restrictions preventing Chinese companies from stealing American companies IP.
In the rest of the interview, Jason alsk asks Louis about China's credit bubble, crypto currency post (another crash) and Louis says that global silver industrial demand is actually falling.
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