Tag Archives: Donald Trump

The Stock Market’s “Trump Bump” Is Over | Markets Are Dumb 2

With today’s video we go all in on discussing the US stock market. There’s this idea that stock markets are somehow rational, or serious. People who talk about it are always wearing suits, and we put a lot of effort into making all the details of interest rates, portfolio management, and valuations seem boring. The stock market is none of these things. In fact it’s nuts. By going through the history of the “Trump Bump”, I attempt to draw the curtain back a bit.

Unfortunately, watching the video, I think I screwed something up. It’s not that the story I put forward is wrong, it’s just that I left too much out. The video falls into the “Presidents impact everything” school of commentary. I hate that school. The differing views market makers took of Trump and Obama are tremendously important to this particular economic story, but that doesn’t mean that presidents are actually all that powerful. I really don’t want to create that impression, and I apologize if I did so with this video.

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Democracy Is NOT Dying

This video does a good job of laying out how ridiculous the “Democracy is Dying!!!” story is. But what it doesn’t do is lay out why the story gets so much play. The sad fact is that it’s useful to powerful people in the United States. Once again, it all comes back to the US military industrial complex. The wise men of the Pentagon have realized that “Terrorism” is losing its power as a motivating factor. Despite the best efforts of Trump & Co. it’s obvious that general white loser angst has had a much higher body count in the US over the past decade than “Radical Islamic Terrorism”. So we need something else to be scared of to justify our absurd military budgets. That’s why this narrative gets so much play.

The idea is that if “Democracy is Dying”, the world really is “more dangerous than it ever has been” as the Pentagon keeps telling us. I may do a video on this in the coming weeks… I’d be interested to know how much relevance this story has beyond the national security nerd twitter bubbles I frequent. In those circles this “Democracy is Dying” story has become the conventional wisdom. Is that the sense you get where you are at as well? Let me know in the comments.

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Gaza and Gezi Park

I’m terribly conflicted when it comes to Israel and Palestine. But no government should be allowed to kill 60 people without their story being questioned. So that’s what I do with today’s video.

If you want to learn more about my experience at Gezi park, and how it sort of launched this YouTube channel, you can check out this video here.

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China And The US Forever War | World War 3 VI

Watching today’s video, I don’t think I really hammered home the point I was trying to make with the section on Wolf Warrior 2. So let me do that here. The Chinese public is being primed to embrace the idea of “humanitarian” intervention in Africa. Modern China doesn’t have much of a history of international adventuring (other than scoring points on its borders with India and Vietnam), but “Chinese Hollywood” is doing its best to build support for it. The Chinese public apparently has a tremendous appetite for this kind of film. If you look at this list of the biggest Chinese blockbusters you can get a sense of just how dominant Wolf Warrior 2 has been. But following up in second place we have this year’s Operation Red Sea, which is apparently a vastly exaggerated recounting of the Chinese Navy’s extraction of Chinese nationals from the war zone in Yemen.

I actually sat through both of the Wolf Warrior movies, and I have a very long twitter thread to show for it. I’d recommend you read that twitter thread. The first Wolf Warrior film presented a very standard, and very old message. Essentially: “Leave Us Alone!”. The first film provided a bit of weird cognitive dissonance for this American viewer. It was profoundly odd to see all the tropes of large scale US action film making translated into a Chinese context. It was weird fun, but there was little in the message presented to object to.

As you’ll see if you read the twitter thread, Wolf Warrior 2 was not fun. It was downright scary. The messages presented were heavily in favor of intervention, and the whole movie implied that China had a responsibility to help the poor defenseless Africans its with massive military power. This is of course just a mirror image of the messages that Hollywood has been pumping into the US public for decades. It’s profoundly disturbing to see China’s nationalist messaging moving in the same direction. But that’s what is happening. Wolf Warrior 3 is apparently going to be about fighting terrorists. It’s really, really sad to see China adopting the worst parts of US militarist ideology. It’s hard to see how it won’t eventually lead to conflict, as I point out in today’s video.

Oh, and if you want to check out my whole “World War 3” series thus far, which takes a serious look at how this conflict, which I view as being decades off, might take place you can check it out here…

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Trump Is Right About Syria (Sometimes…) | World War 3 V | Syria 18

I’m no Donald Trump fan (to put it mildly) but occasionally, he’s absolutely right. He wants to get out of Syria. He said so back at the end of March. I have a nasty suspicion that his statement may be the reason we ended up bombing that poor country a few weeks ago. As I’ve documented fairly rigorously over the past couple years, almost everybody in “respectable” politics in the United States is angling for a wider war in Syria.

That’s why it’s so hard to find the basic information I’ve laid out in today’s video. The conflicts in Vietnam and Iraq are often talked about in broad terms. It’s conceded that the conflicts were mistakes, but we get bogged down in the details, and questions of the individual mis-steps and controversies. The bigger picture gets obscured. I’d argue that’s kind of the goal. Because if you back up a bit, and view the trajectory of these conflicts, you quickly realize that they are very similar. And, horrifyingly, this is exactly the trajectory we’ve embarked upon in Syria. Today’s video draws back the curtain.

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How The US Gets China Wrong | World War 3 IV

Over the next couple weeks I intend to get into China in more detail. I’ve certainly covered China in the past, sometimes discounting the idea that they pose a threat to the US today, but at other points hinting that the US-China relationship SHOULD be our main priority. There is no contradiction here. To clarify that approach, with today’s video I’m returning to my old World War 3 series. The name of the playlist is of course an SEO bid for eyeballs, but it also goes beyond that.

Regular viewers know I don’t think a new world war is coming for decades, but I do think it’s coming. It’s up to us to decide whether it comes in 50 years or 500 years. So last year, I started this series, to evaluate the chances of war, and to dive in a little on the conflicts and opportunities that will determine when this conflict happens. I like that I did three vids about a year ago, and I’m weighing in about a year later, to take a deeper dive. Last year, I pointed out why Trump wasn’t going to war with China, but he was making that future war more likely. In World War 3 II, I pointed out why Russia won’t be a major combatant in the next war, though it may be a battleground. Next I laid out the dangers of Trump’s attack on the US world order, and how it makes conflict more likely.

With today’s vid World War 3 IV, I dispel some myths about China’s rise, and point out why it can be an opportunity rather than a threat. I’ve already got the next two installments written, which dive deep into what Syria means for the US-China relationship, and why we should get out of it. I’m very pleased with how this series is developing, and like the idea of revisiting it each year. Check out this playlist I’ve built, that intersperses the vids with other relevant videos from the back catalog…

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The Real Reason Trump Bombed Syria Last Week | Syria 17

Ahh the joys of half-remembered college courses! This week’s video is about Syria, but it’s also about the concept of agenda-setting, something I barely remember from my Political Science classes, back in Ann Arbor around the turn of the century. I couldn’t track down the book, or even the exact concept I was remembering, and I fear I may have made a bit of a hash of it. The video communicates what I wanted to say, but I think I mixed the concepts of agenda-setting and attention in a way that may not fit the model I learned back then.

Attention, what we pay attention to, individually and as a country is a very important concept, and one that I play with a lot on this channel. Agenda-setting, as I remember, is a good deal drier. There are a number of stakeholders in government and society that compete to bring about legislative action. Social media and our great orange president change the calculus. It may actually make sense to include the attention span of the individual voter, and that voter’s media consumption habits in any discussion of agenda-setting today.

I’m not sure that clarified anything, but I wanted to at least mention that the version of “agenda-setting” here may not fit what my professor was talking about. I remain very proud of today’s video however.

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How To End The Forever War | Yemen 9 | AUMF

Occasionally I’ll embark on the 15-20 hour process of making a video, and then something happens that throws things in a new light. I still stand 100% behind today’s video, but if I’d known that Secretary of Defense James Mattis was going to weigh in, I probably would have incorporated a response. He’s a serious guy. I’ll have to respond here.

Secretary Mattis sent a letter to Congressional leaders yesterday afternoon, March 14th, objecting to the Sanders/Lee/Murphy resolution that the Senate will vote on next week. Today’s video advocates for that resolution pretty hard. I stand by that.

It’s easy for me to dismiss a lot of Mattis’s letter due to some pretty fundamental strategic and philosophical differences I have with him that regular viewers of this channel will be familiar with. Mattis believes that Saudi Arabia is a worthwhile partner in counter-terrorism. I do not believe that. Mattis believes that Iran is more of a threat to the US and the world than Saudi Arabia is. I do not believe that. Because Mattis believes these things I do not believe, he presents a narrative for the Yemeni war that strikes me as deeply flawed. If you’ve got a half hour or so, I set out a counter-narrative, that actually reckons with Yemeni history, unlike the standard Iran-Saudi proxy war fairy tale we’re told.

But there’s one concern that Mattis brings up that I can’t dismiss. He claims that ending US cooperation with Saudi Arabia in Yemen will make the humanitarian situation worse. I’m worried about this as well. Taking the US out of the equation is likely to degrade Saudi Arabia’s ability to continue the war long term, but I suspect it is also likely to make the Saudis more brutal. The 5,295 civilians that have been killed so far (Human Rights Watch), are probably the result of fairly targeted bombing. Saudi bombing is likely to have killed most of these civilians, but US expertise has probably put a bit of a cap on the body count. I’m no expert on warfare, but I was already worried about this. Having Mattis, one of the world’s greatest experts on warfare, express this opinion makes me more worried. But it does not give me pause.

More people may die by bombing, but Saudi Arabia’s ability to besiege the country will be seriously degraded. Millions are less likely to be at risk of starvation or cholera. And if Saudi Arabia’s attack on Yemen becomes more brutal it will also become less sustainable. A key point that I neglected to include in this video, and rarely gets included in the standard litany (“refueling, targeting, intelligence”) of goods the US provides to Saudi Arabia is diplomatic cover. It is a profoundly weird thing that Saudi Arabia is doing. Saudi Arabia is invading and destroying its neighbor. This sort of thing doesn’t happen much in the 21st century, or even in the second half of the 20th century. Most wars are civil. The few examples of cross-border invasion I can think of post Cold War are only possible because of US support. If the resolution passes in the Senate next week, and gets through the House, Saudi Arabia won’t just lose technical support, it will lose that diplomatic cover.

Without US support the war in Yemen will instantly become exponentially more cancerous for the Saudi re-branding effort than it already is. MBS and the Saudi government desperately need investors for their oil company’s years-delayed IPO, and that new tech city they announced last fall. Try doing that when US media and government are no longer covering up the war in Yemen.

I’m afraid that Mattis may be right about the immediate humanitarian costs of cutting off US support for Saudi Arabia’s war in Yemen. But continuing on the way we have for another two years would be much, much worse.

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The Fall Of New York

I have loved the Empire State building since I was a child. But have you ever thought about that name? “Empire State”? That’s how New Yorkers saw their state in the early 20th century. New York led the country that was going to lead the world. Parsing the exact definition of “Empire” intended in the name is a much longer topic than a blog post can cover. But that vision, of New York as a leader, went straight to the top. Al Smith, the president of the company that built the building was a former governor of New York.

This video documents how that vision has faded, and how far from national leadership the people and politicians of New York have fallen. I think I’ll have a lot more to say on this topic in future, but I wanted to briefly lay out the facts this week.

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Do You Care About US Debt OR the CDC? Pick One.

Budgets are boring right? Not really. They are certainly complex, and passing them is complicated, as Washington, DC’s seemingly perpetual shut-down dance shows. But the question of paying for government is the most important one imaginable. Time and again in history we see great empires brought down by the simple question of “How do we pay for this?”

In the 1500s the Spanish Empire encircled the world, and controlled something like half of Europe, if not more. Their American territories brought a constant stream of precious metals. They were brought down mostly by the fact that they didn’t understand inflation, and defaulted on their debt repeatedly. In the 1920s the British Empire reached it’s largest extent. The “Sun Never Set” on the British Empire. 40 years later it was gone. Because they couldn’t pay for it. The holders of British debt in the United States got to dictate British foreign policy in a few crucial instances.

So yeah, budgets are important. And they are what this week’s video deals with.

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