Posted on 09/02/2019 4:28:18 AM PDT by Eleutheria5
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Speaking at the conference, Fischer said: "The problem with Trump's approach to trade is that he doesn't understand trade. Trump only understands if somebody wins and somebody loses. Both sides profit if they have a head on them and they know how to conduct negotiations."
"I understand that Trump is an expert on this," he added. Fischer also mentioned the book "The Art of the Deal," authored by Trump or someone who wrote it "in his name."
"That's not what happens in international trade," Fischer said about the book. "Trump....simply does not understand, and if he does understand then he has successfully concealed the fact."
Though the global economy has recovered since World War II, Fischer believes that "almost every day" the US takes steps to "weaken the global economy."
Slamming the economic wars between China and the US as "virtually insufferable," he warned that the situation is constantly "deteriorating" and that the situation is "very serious" and "causing much damage" to the "economy of countries."
Returning to his Trump-bashing, Fischer claimed: "I am almost certain that if Trump had not intervened, the Fed would not have raised the interest rate."
According to him, "Trump provoked them [the Feds] into asking" how they could prove that they were not his followers.
This attitude, he said, is "a large part of our problem." He added: "The Fed is a professional place with excellent economists."
(Excerpt) Read more at israelnationalnews.com ...
Yes, that is very possible. The interests of the globalists are in complete opposition to the interests of ordinary people, regardless of the country they belong to.
There is a FR article, below, which has more relevance than the verbiage spewed by Fisher: ‘Trump has the right strategy on Beijing. As a Chinese dissident, Id know.’
The Washington Post ^ | August 30, 2019 | Chen Guangcheng
Economists don't know Mitt from Shinola.
They DO know how to keep their PERSONAL assets and @sses covered during economic "events".
“Somebody wins, somebody loses” just sounds a lot like life.
Unless you are into participation trophies.
I think you nailed it.
Sounds like a guy with just a third-grade level education on how economics and trade work. And the fed raising rates just to spite Trump? Lower than third grade analysis.
Hopefully Fischer is not in charge of any decision-making, for a company or some government agency.
And this deep state apparatchik, [former Vice Chairman of the US Federal Reserve] Prof. Stanley Fischer, says this in Israel? Where the Hamas practices the negotiating tactics just like the Chinese, ie. give us what we demand and we will willingly negotiate your optional survival?
More and more I see President Trump as the modern analogue of President Andrew Jackson, an outsider delivering a sizzling reproof from a populace that has watched the monied and comfortable establishment build a separate existence ove the past decades. How dare the unwashed masses revolt against their betters?
FYI: Professor Fischer is a graduate of the London School of Economics [B.Sc. and M.Sc. in economics from 19621966] and M.I.T. for his Ph.D [1969] - and the twig shows how it is bent!
There are only win/lose situations and it's just a matter of degree of the win or loss. Some deals are pretty fair and the entity that actually wins does so almost imperceptively but he wins nonetheless. It's a zero sum game and has been since the beginning of time.
The “everybody can be a winner” is a construct of the left and the idiots that inhabit that deluded orbit have rarely worked a day in their life in the real world of business.
That's what you call a WINNER! Reagan was a WINNER. Trump's a WINNER. His children are WINNERS. He wants all Americans to be WINNERS. In fact, he wants all the people of the world to be WINNERS.
Think about this: In 2020, the American electorate will choose between
1. A financial genius, who built a multi-million dollar international financial empire over 50 years, loves America, believes in the American Dream, and intends to Make America GreatAnd half the US electorate favors option #2. Now that's scary.or
2. A candidate who Hates America and considers the USA to be an evil, racist, nazi nation that must be destroyed and intends to do just that.
There can be no coexistence. The leftists must be ground to dust and then salted
The FED is a governmental substitution for genuine market pressures.
Correct. The role of the FED is to counteract normal market pressures and create winners and losers by government fiat.
There is such a thing as a win/win transaction. But sacrificing your own interests for the other side is not how to obtain a win/win situation.
So.... Trump, successful international businessman, multi-billionaire, self-made man ....
versus...
“Fischer”... probably some parasite sucking off the taxpayer tit for his entire career.
Yeah. Sure. We’ll listen to “Fischer”...
“...only understands if somebody wins and somebody loses....”
CLearly this “Fischer” guy comes from the “Everybody Gets a Trophy Just For Showing Up” School of Assclownery. Hell, he may even have been the Dean of that school.
So you cannot conceive a situation where both sides benefit? So then how is a deal ever made?
Please read what I said and COMPREHEND.
There are scenarios where both parties can achieve some degree of benefit but there is only one true winner in every negotiation since the beginning of time.
The person who achieves the greatest advantage from a deal is the winner, the other person is the loser. As I stated earlier, it’s SIMPLY A MATTER OF DEGREE.
Former Bank of Israel Governor and former Vice Chairman of the US Federal Reserve Chair Prof. Stanley Fischer....
I try but you make it hard.
There are scenarios where both parties can achieve some degree of benefit but there is only one true winner in every negotiation since the beginning of time.
If there is only one winner in every situation then the others are losers. What person or business would enter into a situation like that? What company or individual will agree to happily walk away knowing they agreed to a losing position? The only time deals are made are when both sides believe they got what they needed to get, be it their original position or a compromise. If both sides get what they wanted and needed then both win.
The person who achieves the greatest advantage from a deal is the winner, the other person is the loser. As I stated earlier, its SIMPLY A MATTER OF DEGREE.
Crap.
Everybody can be a winner. But right now trade with China is set up so that China alone wins, and if you don’t do anything about that, you don’t get to also be a winner. Trade war is an improvement.
That's not how professionals conduct their working lives.
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