Trump Threatens Taiwan Over CHIPS and Protection Money
Bolton says Taiwan may be Toast if he wins
So Trump made some comments on Taiwan during the Rogan verbal make out session that I feel the need to address.
Donald Trump
You do it, but let me just say, that chip deal is so bad. We put up billions of dollars for rich companies to come in and borrow the money and build chip companies here, and they're not going to give us the good companies anyway. All you had to do is charge them tariffs.
If you would have put a tariff on the chips coming in, you would have been able to- Just like the auto companies, no different. More sophisticated, but no different. You know, Taiwan, they stole our chip business.
Okay? They want us to protect and they want protection. They don't pay us money for the protection, you know?
The mob makes you pay money, right? But with these countries that we protect, I got hundreds of billions of dollars from NATO countries that were never paying us. And my biggest fan is Stoltenberg, who just left as the, you know, Director General, as the Secretary General.
Good guy. He said Bush came, he made a speech. Obama came, he made a speech.
Trump came, he said, you guys aren't paying, you got to pay. And they said, will you protect us from Russia if we don't? I said, no, you got to pay if you don't pay.
Billions of dollars came in to NATO. When I see us paying a lot of money to have people build a chip, that's not the way. You didn't have to put up 10 cents.
Besides that, they're very rich companies, these chip companies. They stole 95% of our business. It's in Taiwan right now.
They do a great job. But that's only because we have stupid politicians. We lost the chip business.
And now we think we're going to pay. You can't build it that way. You have to make them spend their money in the United States.
And those plants would open up all over. And they'll fund them. We don't have to put up 10 cents.
And I am in the process of making a huge speech in about a little while.
There is so much thats wrong here.
First off Tarrifs are paid for by the Consumer which includes the USG and Pentagon.
Second, The US is not the only market for Chips
The global semiconductor market size was valued at USD 611.35 billion in 2023 and is projected to grow from USD 681.05 billion in 2024 to USD 2062.59 billion by 2032, exhibiting a CAGR of 14.9% during the forecast period (2024-2032). The Asia Pacific semiconductor industry held a market share of 50.53% in 2023. Additionally, the U.S. semiconductor market is expected to significantly, reaching an estimated value of USD 258.30 billion in 2032
https://www.fortunebusinessinsights.com/amp/semiconductor-market-102365
The US will be about 12% of the market by 2032. Even if demand drops due to the tarrifs and US production this can be made up with higher prices to non-Tariff Countries. We saw that happen when Reagan cut a deal with Japan to limit Memory Chips to US
Furthermore, many of the chips get sold for assembly elsewhere, and those products will also be subject to Trumps Tarrifs just because they are made outside US, so thats tariff on top of tariffs
But lets leave tariffs aside for now.
I take most issue with his claim that Taiwan stole Americas Chip Business as if they are to blame for the US having no Advanced (Logic) Chip Manufacturing Capacity. BTW, the last Chip Manufacturer in US was allowed to shut down production of Advanced Chips at its US Plant under Trumps watch (Global Foundries).
Chip Manufacturers in the US set up manufacturing in Asia starting in the 1970’s. These were mostly Memory Chips.
We are mostly concerned with Advanced Chips called Logic Chips which do processing. Their history starts mostly with Intel and TSMC in the 80’s and 90’s. Intel cornered the Computer Chip Market partnering with Bill Gates. Then along came TSMC. Here is a time line extracted from CHIPS
https://pete843.substack.com/p/the-battle-for-chips
1985, Taiwan’s powerful minister K. T. Li called Morris Chang into his office in Taipei. Nearly two decades had passed since Li had helped convince Texas Instruments to build its first semiconductor facility on the island. In the twenty years since then, Li had forged close ties with Texas Instrument’s leaders, visiting Pat Haggerty and Morris Chang whenever he was in the U.S. and convincing other electronics firms to follow TI and open factories in Taiwan.
In 1985, he hired Chang to lead Taiwan’s chip industry. “We want to promote a semiconductor industry in Taiwan,” he told Chang. “Tell me,” he continued, “how much money you need.”
After over two decades with Texas Instruments, Chang had left the company in the early 1980s after being passed over for the CEO job and “put out to pasture,” he’d later say. He spent a year running an electronics company in New York called General Instrument, but resigned soon after, dissatisfied with the work.
He’d personally helped build the world’s semiconductor industry. TI’s ultra-efficient manufacturing processes were the result of his experimentation and expertise in improving yields. The job he’d wanted at TI—CEO—would have placed him at the top of the chip industry, on par with Bob Noyce or Gordon Moore.
Directing the Taiwanese government’s Industrial Technology Research Institute, the position that Chang was formally offered, would place him at the center of Taiwan’s chip development efforts. The promise of government financing sweetened the deal.
As early as the mid-1970s, while still at TI, Chang had toyed with the idea of creating a semiconductor company that would manufacture chips designed by customers. At the time, chip firms like TI, Intel, and Motorola mostly manufactured chips they had designed in-house.
The Taiwanese government provided 48 percent of the startup capital for TSMC, stipulating only that Chang find a foreign chip firm to provide advanced production technology.
Chang convinced Philips, the Dutch semiconductor company, to put up $58 million, transfer its production technology, and license intellectual property in exchange for a 27.5 percent stake in TSMC.
The rest of the capital was raised from wealthy Taiwanese who were “asked” by the government to invest. “What generally happened was that one of the ministers in the government would call a businessman in Taiwan,” Chang explained, “to get him to invest.”
The government also provided generous tax benefits for TSMC, ensuring the company had plenty of money to invest. From day one, TSMC wasn’t really a private business: it was a project of the Taiwanese state.
A crucial ingredient in TSMC’s early success was deep ties with the U.S. chip industry. Most of its customers were U.S. chip designers, and many top employees had worked in Silicon Valley.
1986, with the threat of tariffs looming, Washington and Tokyo cut a deal. Japan’s government agreed to put quotas on its exports of DRAM chips, limiting the number that were sold to the U.S. By decreasing supply, the agreement drove up the price of DRAM chips everywhere outside of Japan, to the detriment of American computer producers, which were among the biggest buyers of Japan’s chips. Higher prices actually benefitted Japan’s producers, which continued to dominate the DRAM market.
Most American producers were already in the process of exiting the memory chip market. So despite the trade deal, only a few U.S. firms continued to produce DRAM chips. The trade restrictions redistributed profits within the tech industry, but they couldn’t save most of America’s memory chip firms.
1990s, Taiwan’s importance began to grow, driven by the spectacular rise of the Taiwan Semiconductor Manufacturing Company, which Chang founded with strong backing from the Taiwanese government.
Morris Chang hired Don Brooks, another former Texas Instruments executive, to work as TSMC’s president from 1991 to 1997. “Most of the guys who reported to me, down two levels,” Brooks recalled, “all had some experience in the U.S… they all worked for Motorola, Intel, or TI.”
Throughout much of the 1990s, half of TSMC’s sales were to American companies. Most of the company’s executives, meanwhile, trained in top doctoral programs at U.S. universities. This symbiosis benefitted Taiwan and Silicon Valley.
The founding of TSMC gave all chip designers a reliable partner. Chang promised never to design chips, only to build them. TSMC didn’t compete with its customers; it succeeded if they did.
A decade earlier, Carver Mead had prophesied a Gutenberg moment in chipmaking, but there was one key difference. The old German printer had tried and failed to establish a monopoly over printing. He couldn’t stop his technology from quickly spreading across Europe, benefitting authors and print shops alike. In the chip industry, by lowering startup costs, Chang’s foundry model gave birth to dozens of new “authors”—fabless chip design firms—that transformed the tech sector by putting computing power in all sorts of devices.
However, the democratization of authorship coincided with a monopolization of the digital printing press. The economics of chip manufacturing required relentless consolidation. Whichever company produced the most chips had a built-in advantage, improving its yield and spreading capital investment costs over more customers.
TSMC’s business boomed during the 1990s and its manufacturing processes improved relentlessly. Morris Chang wanted to become the Gutenberg of the digital era. He ended up vastly more powerful. Hardly anyone realized it at the time, but Chang, TSMC, and Taiwan were on a path toward dominating the production of the world’s most advanced chips.
2001, ASML bought SVG, America’s last major lithography firm. SVG already lagged far behind industry leaders, but again questions were raised about whether the deal suited America’s security interests.
Inside DARPA and the Defense Department, which had funded the lithography industry for decades, some officials opposed the sale. Congress raised concerns, too, with three senators writing President George W. Bush that “ASML will wind up with all of the U.S. government’s EUV technology.”
Intel and other big chipmakers argued that the sale of SVG to ASML was crucial to developing EUV—and thus fundamental to the future of computing. “Without the merger,” Intel’s new CEO Craig Barrett argued in 2001, “the development path to the new tools in the U.S. will be delayed.” With the Cold War over, the Bush administration, which had just taken power, wanted to loosen technology export controls on all goods except those with direct military applications.
The administration described the strategy as “building high walls around technologies of the highest sensitivity.” EUV didn’t make the list. The next-generation EUV lithography tools would therefore be mostly assembled abroad, though some components continued to be built in a facility in Connecticut.
The manufacturing of EUV wasn’t globalized, it was monopolized. A single supply chain managed by a single company would control the future of lithography.
2006-Shortly after the deal to put Intel’s chips in Mac computers, Jobs came back to Otellini with a new pitch. Would Intel build a chip for Apple’s newest product, a computerized phone? All cell phones used chips to run their operating systems and manage communication with cell phone networks, but Apple wanted its phone to function like a computer. It would need a powerful computer-style processor as a result. “They wanted to pay a certain price,” Otellini told journalist Alexis Madrigal after the fact, “and not a nickel more…. I couldn’t see it.
Just a handful of years after Intel turned down the iPhone contract, Apple was making more money in smartphones than Intel was selling PC processors.
2007-Five years after Sanders retired from AMD, the company announced it was dividing its chip design and fabrication businesses. Wall Street cheered, reckoning the new AMD would be more profitable without the capital-intensive fabs. AMD spun out these facilities into a new company that would operate as a foundry like TSMC,
The investment arm of the Abu Dhabi government, Mubadala, became the primary investor in the new foundry, an unexpected position for a country known more for hydrocarbons than for high-tech.
GlobalFoundries, as this new company that inherited AMD’s fabs. When GlobalFoundries was established as an independent company in 2009, industry analysts thought it was well placed to win market share amid this race toward 3D transistors. Even TSMC was worried, the company’s former executives admit. GlobalFoundries had inherited a massive fab in Germany and was building a new, cutting-edge facility in New York.
2010, at the time Apple launched its first chip, there were just a handful of cutting-edge foundries: Taiwan’s TSMC, South Korea’s Samsung, and—perhaps—GlobalFoundries, depending on whether it could succeed in winning market share. Intel, still the world’s leader at shrinking transistors, remained focused on building its own chips for PCs and servers rather than processors for other companies’ phones.
For PCs, most processors come from Intel and are produced at one of the company’s fabs in the U.S., Ireland, or Israel. Smartphones are different. They’re stuffed full of chips, not only the main processor (which Apple designs itself), but modem and radio frequency chips for connecting with cellular networks, chips for WiFi and Bluetooth connections, an image sensor for the camera, at least two memory chips, chips that sense motion (so your phone knows when you turn it horizontal), as well as semiconductors that manage the battery, the audio, and wireless charging. These chips make up most of the bill of materials needed to build a smartphone.
Today, no company besides TSMC has the skill or the production capacity to build the chips Apple needs. So the text etched onto the back of each iPhone—“Designed by Apple in California. Assembled in China”—is highly misleading. The iPhone’s most irreplaceable components are indeed designed in California and assembled in China. But they can only be made in Taiwan.
2012, years before ASML had produced a functional EUV tool, Intel, Samsung, and TSMC had each invested directly in ASML to ensure the company had the funding needed to continue developing EUV tools that their future chipmaking capabilities would require. Intel alone invested $4 billion in ASML in 2012, one of the highest-stakes bets the company ever made,
ASML had set a target for each component to last on average for at least thirty thousand hours—around four years—before needing repair. In practice, repairs would be needed more often, because not every part breaks at the same time. EUV machines cost over $100 million each, so every hour one is offline costs chipmakers thousands of dollars in lost production.
That a Dutch company, ASML, had commercialized a technology pioneered in America’s National Labs and largely funded by Intel would undoubtedly have rankled America’s economic nationalists, had any been aware of the history of lithography or of EUV technology. Yet ASML’s EUV tools weren’t really Dutch, though they were largely assembled in the Netherlands. Crucial components came from Cymer in California and Zeiss and Trumpf in Germany. And even these German firms relied on critical pieces of U.S.-produced equipment. The point is that, rather than a single country being able to claim pride of ownership regarding these miraculous tools, they are the product of many countries. A tool with hundreds of thousands of parts has many fathers.
2015, GlobalFoundries was by far the biggest foundry in the United States and one of the largest in the world, but it was still a minnow compared to TSMC. GlobalFoundries competed with Taiwan’s UMC for status as the world’s second-largest foundry, with each company having about 10 percent of the foundry marketplace. However, TSMC had over 50 percent of the world’s foundry market.
Measured by thousands of wafers per month, the industry standard, TSMC had a capacity of 1.8 million while Samsung had 2.5 million. GlobalFoundries had only 700,000.
2018, GlobalFoundries had purchased several EUV lithography tools and was installing them in its most advanced facility, Fab 8, when the company’s executives ordered them to halt work. The EUV program was being canceled. GlobalFoundries was giving up production of new, cutting-edge nodes. It wouldn’t pursue a 7nm process based on EUV lithography, which had already cost $1.5 billion in development and would have required a comparable amount of additional spending to bring online.
Even the deep pockets of the Persian Gulf royals who owned GlobalFoundries weren’t deep enough. The number of companies capable of fabricating leading-edge logic chips fell from four to three.
US is still a Dominant Player
Excluding the chips Intel builds in-house, all the most advanced logic chips are fabricated by just two companies, Samsung and TSMC, both located in countries that rely on the U.S. military for their security.
Moreover, making advanced processors requires EUV lithography machines produced by just one company, the Netherlands’ ASML, which in turn relies on its San Diego subsidiary, Cymer (which it purchased in 2013), to supply the irreplaceable light sources in its EUV lithography tools.
TSMC can’t fabricate advanced chips without using U.S. manufacturing equipment. Huawei can’t design chips without U.S.-produced software. Even China’s most advanced foundry, SMIC, relies extensively on U.S. tools.
Biden (Harris) to the Rescue
The Biden administration on Monday announced a $1.5 billion award to the New York-based chipmaker GlobalFoundries, one of the first sizable grants from a government program aimed at revitalizing semiconductor manufacturing in the United States.
As part of the plan to bolster GlobalFoundries, the administration will also make available another $1.6 billion in federal loans. The grants are expected to triple the company’s production capacity in the state of New York over 10 years.
The award to GlobalFoundries will help the firm expand its existing facility in Malta, N.Y., enabling it to fulfill a contract with General Motors to ensure dedicated chip production for its cars.
It will also help GlobalFoundries build a new facility to manufacture critical chips that are not currently being made in the United States. That includes a new class of semiconductors suited for use in satellites because they can survive high doses of radiation.
The money will also be used to upgrade the company’s operations in Vermont, creating the first U.S. facility capable of producing a kind of chip used in electric vehicles, the power grid, and 5G and 6G smartphones.
If not for the investment, administration officials said the facility in Vermont would have faced closure.
Hopefully this puts the “Taiwan stole US CHIP Business to Bed. US Corporations just gave up the Ghost due to greed and/or incompetence, and the government up until Biden just stood by and let it happen
Tarriffs are not the solution, at least not in and of themselves
Now the other thing Trump said
They want us to protect and they want protection. They don't pay us money for the protection, you know?
The mob makes you pay money, right?
Taiwan pays $3 billion a year to US Defense Contractors for Weapons and currently there is a $20 billion backlog as our Defense Industrial Base is weak and takes years to complete an order.
2024
Washington, Oct. 25 (CNA) The U.S. government announced on Friday its decision to approve potential sales of radar turnkey and surface-to-air missile systems to Taiwan, valued at approximately US$1.988 billion.
https://focustaiwan.tw/politics/202410260004
Its really been the US policy that has kept Taiwan from being able to protect itself by limiting the Weapons it would sell to China for fear of provoking them. Taiwan was on its way to developing nuclear weapons covertly when the US sniffed it out and shut it down
Essentially Taiwan has been held hostage since the US/NATO have a monopoly on weapon sales for those unable to buy from China/Russia/Iran/NK, much like businesses are held hostage by Mafia Dons demanding protection money. Clearly something Trump has in mind for Taiwan, proving this Kissinger quote right
To be the US' enemy is dangerous, to be the US' friend is fatal.
As for Trumps analogy with his demanding more NATO spending, he is playing on peoples ignorance. NATO is an alliance that serves as the US control arm over EU. It does not exist to protect the EU, at least not since the dissolving of the Soviet Union. Look at Russia, its hardly been able to take much territory in Ukraine after 2 1/2 years. Population wise Russia is not very large.
NATO itself has a modest administrative budget of ~$4 billion shared between states according to an agreed formula. This is not what Trumps talking about. He is talking about Countries Military Spending . Their own Military Budgets. Many of the weapon systems they buy are from US Defense Contractors. Trump got some of them to increasing their budgets and buy more Arms like Taiwan tries to buy. He is basically just a salesman for the MIC
This brings us to Pompeo who Trump went out of his way to praise as a Good Guy. He was Trumps CIA Director and Secretary of State. I believe he is Trumps Dick Cheney and he may have played a big part in Operation COVID . He did call COVID a Live Excercise
Pompeo directed the CIA to draw up plans to assassinate Julian Assange, and convinced Trump to suppress the release of JFK files
Pompeo founded American Global Strategies, which advises arms companies, joined the Israeli disinformation and censorship company Cyabra, and took positions with Japanese steel firm Nippon Steel and arms company DYNE Maritime
Pompeo launched his own military-industrial investment bank, Impact Investments, and joined the board of a Ukrainian company, Kievstar. The latter is the largest mobile operator and one of the largest broadband Internet providers in Ukraine. They also own OneWeb satellite internet in Ukraine, which is a competitor of Musk’s Starlink.
Supposedly he us under consideration as Trumps Secretary of Defense
So back to Taiwan. Trump was quite friendly to Taiwan during his first term, so what happened here?
I also noticed he mentioned to Rogan he was on Tik Tok . WTF? Didn’t he want to shut down that dangerous CCP app? Now all of a sudden he flips on Tik Tok and Taiwan as well.
Digital World Acquisition Corporation, merged in March with Trump Media & Technology Group Jeffrey Yass owns a large holding in
Digital World Acquisition Corporation. He is worth an estimated $40 billion and also owns Susquehanna International Group, a trading company that owned large blocks of stock in ByteDance (TikTok’s parent)
Reportedly, the merger not only prevented Trump’s Truth Social app from going bankrupt but also let Trump take the combined company public, putting an estimated 3 billion dollars in his own personal pocket.
Yass’ holds $15 billion in ByteDance stock — the largest holding outside China, representing 7% of the company’s stock
After the Trump/Yass initial meeting the former President suddenly reversed his opposition to TikTok. As ABC News reported at the time:
“[T]he former president has been rebuilding his relationship with a GOP megadonor who reportedly has a major financial stake in the popular social media platform.”
No we all remember Ivanka getting those China Trademarks. Right?
The Chinese government granted a total of 41 trademarks to companies linked to Ivanka Trump by April of 2019—and the trademarks she applied for after her father became president got approved about 40% faster than those she requested before Donald Trump’s victory in the 2016 election, according to a new book by Forbes’ senior editor Dan Alexander.
The new approvals covered Ivanka-branded fashion gear, including sunglasses, handbags, shoes and jewelry, as well as beauty services and voting machines. In January of 2019, China granted Ivanka’s company preliminary approval for another five trademarks covering child care centers, wedding dresses, and art valuation services. The applications were filed in 2016 and 2017.
And how about this blast from the past
Trump, who made his name by building on his father’s New York property empire, has boasted “I’ve made a tremendous amount of money dealing with China,” and swears that he knows about “winning from China.”
Part of that winning strategy may involve liberal use of litigation, with Shui On’s Lo, who developed the Xintiandi complex in Shanghai, telling the New York Times recently that for Trump, “To file a lawsuit is nothing. It’s just like having lunch.”
That “war” started with a distressed Trump (due to bankruptcies) selling off a site that he couldn’t develop to scions of two of Hong Kong’s most successful real estate families.
Caught out when the New York property market slid in the early 1990s, Trump sold Riverside South to a company controlled by Lo and Cheng in 1994 in return for the two Hong Kong developers assuming Trump’s debts and promising him a 30 percent stake in any profits, according to an account in the New York Times.
Cheng, is the eldest son of New World and Chow Tai Fook founder Cheng Yu-Tung, with the elder Cheng estimated to be Hong Kong’s third richest man, with a fortune of $15 billion. Lo, is the younger son of the late founder of developer Great Eagle Holdings, Lo Ying Shek, and has had a long relationship with Shanghai party secretary Han Zheng.
These sons of eastern empire builders were reportedly surprised when, after their company sold the then largely completed Manhattan development in 2005, Trump slapped Lo and Cheng with the $1 billion suit, claiming “staggering breach” of fiduciary duty. Even before he became famous for his reality TV braggadocio, Trump’s confidence was on display as he insisted that he could have landed an offer well above the property’s $1.76 billion sale price.
Despite his claims of “winning from China,” however, the judge in the case ruled against giving Trump the $1 billion cash, although the billionaire did eventually gain the rights to profits from two projects in New York and San Francisco that Cheng and Lo bought with the proceeds of the Riverside South asset, both of them branded as Bank of America buildings.
https://www.mingtiandi.com/real-estate/outbound-investment/when-donald-trump-sued-vincent-lo-and-henry-cheng-for-1-bil/
Vornado eventually acquired the Chinese Investors 70% stake with Trump keeping 30%. Net value of these two buildings is $500 million so thats $150 million
https://pete843.substack.com/p/petes-musings-10-2-22
So these China connections are interesting .
Now to conclude this I will will leave you with Josh Boltons prediction that if Trump wins Taiwan is potentially Toast
Bolton replied, “I'm very worried for Taiwan if he becomes president.” Bolton said that on numerous occasions while sitting behind the Resolute desk in the Oval Office, Trump would hold up a Sharpie pen and point to the tip and say, “See that? That's Taiwan,” before pointing to the desk and saying “That's China.”
Bolton said this comment encapsulates Trump's view on Taiwan. When asked by Sackur to elaborate, Bolton said, “Taiwan is potentially toast.”
https://www.taiwannews.com.tw/news/5958463
As a businessman with no morals, knowing how much China covets Taiwan, what would China give up for a Green Light on Taiwan.
And would that value in such a deal necessarily have to be only in the National interest or also include a personal gain as well. SCOTUS says its not a bribe if you get paid after you deliver the goods. Also they gave him immunity for Official Acts.
I always thought the handover of Hong Kong to China was part of a larger deal between Anglo-American interests and Deng Xiao Ping. In return for opening up China to Western Corporations China got perpetual MFN and Hong Kong. Deng said he was surprised when the British offered to discuss a handover in the mid-1980’s. Hong Kong was the last thing on his mind
I have no idea what such a deal over Taiwan will entail. Hopefully I am wrong.
Not that anyones still reading this but I will leave this with my twitter thread covering a short history of Tarriffs given Trumps mention of McKinley on the Joe Rogan show
1/The Tariff Act of 1890, commonly called the McKinley Tariff, was an act of the United States Congress, that became law on October 1, 1890
2/McKinley was chairman of the House Ways and Means Committee and was responsible for framing a new tariff bill.
3/The idea was "to secure reciprocal trade" by allowing the executive branch to use the threat of reimposing tariffs as a means to get other countries to lower their tariffs on U.S. exports. Tarrifs work both ways.
4/The tariff was not well received by Americans who suffered a steep increase in prices.
5/In the 1892 presidential election, the Republican Harrison was soundly defeated by Grover Cleveland, and the Senate, House, and Presidency were all under Democratic contro
6/The Republican William McKinley became the 25th president of the United States, serving from 1897 until his assassination in 1901.
7/He presided over victory in the Spanish–American War of 1898; gained control of Hawaii, Puerto Rico, Guam, and the Philippines
8/He promoted the 1897 Dingley Tariff to protect manufacturers and factory workers from foreign competition and, in 1900, secured the passage of the Gold Standard Act.
9/He requested and signed Congress's declaration of war to begin the Spanish-American War of 1898, in which the United States saw a quick and decisive victory. The MSM of the time cheered him on
10/As part of the peace settlement, Spain turned over to the United States its main overseas colonies of Puerto Rico, Guam and the Philippines, while Cuba was promised independence but remained under the control of the United States Army until May 20, 1902.
11/Philippines remained under US occupation and control until World War II. The United States annexed the independent Republic of Hawaii in 1898, and it became a United States territory.
12/McKinley might be thought of as the Founder of the American Empire.
13/
William McKinley,, was shot in Buffalo, New York, on September 6, 1901, six months into his second term. McKinley died on September 14 of gangrene caused by the wounds
14/Behind McKinley was a younger Theodore Roosevelt as Vice President. He would serve the next 8 years as President and essentially return America to the Crown
15/Teddy created the FBI would prove instrumental to the passage of the bills creating the Income Tax and Federal Reserve by running as a 3rd party candidate after losing the nomination in 1912
16/Teddy helped bring an End to the America that the Founding Fathers created by indirectly giving the US a Central Bank to fund the American Empire That was McKinleys legacy as well
17/Will history repeat in reverse? Will Trump and his VP be the End of the American Empire , accelerating our devolution into bankruptcy and paying off the debt by selling off its resources and labor to its creditors (mostly global corporations and billionaires, and maybe even China).
18/Trump pointed out to Rogan that the US has plenty of valuable natural assets. His point being to minimize the debt. But it highlights an important point, Creditors only loan money against collateral. If you cant pay you give up your assets
And I will leave a Fact Check link for the other topics Trump covered (I do agree with him on Wind Mills)
https://us.cnn.com/2024/10/27/politics/fact-check-trump-rogan-podcast/index.html
Thx
That was fascinating to read, BRAVO!