The International Monetary Fund and European Central Bank do not want Trump to make America great again.
by Shane Trejo
Two of the most powerful international bankers in the world are teaming up in a joint effort to halt President Donald Trump’s ‘America First’ trade policies.
Mario Draghi, president of the European Central Bank (ECB) and Christine Lagarde, managing director of the International Monetary Fund (IMF), are urging Trump to abandon his trade war and return to the status quo preferred by globalist financiers.
“We meet at a moment when support for global cooperation and multilateral solutions is waning,” Lagarde said at the 8th ECB conference for the central, eastern and south-eastern European (CESEE) nations on Wednesday.
“Global growth has been subdued for more than six years and the largest economies in the world are putting up, or threatening to put up, new trade barriers. And this might be the beginning of something else, which might affect us all in a more broad way,” she added.
Lagarde also warned: “These troubling developments will create headwinds for all, but certainly for the CESEE growth model, a model that has relied on openness and integration.”
Draghi also forecast doom unless Trump submitted to China, abandoned his nationalistic policies, and let he and his fellow bankster cronies go back to running the global economy.
“Global trade has faced headwinds in recent years as trade-restrictive measures have outpaced liberalising measures,” Draghi said.
“The central and eastern European business model has become vulnerable to shocks to international trade and financial conditions,” he added, warning of potential ill effects of Trump threatening to hike tariffs on European autos.
“The effect of tariffs could be amplified, as a large share of goods cross borders multiple times during the production process,” Draghi said.
“The main long-term challenge is moving towards a more balanced growth and financing model, which is more reliant on domestic innovation and on higher investment spending than it has been so far,” he added.
Regardless of the fear-mongering of the international bankers, President Trump remains undaunted in his resolve to cut China down to size and approve the standing of the U.S. in the world.