Jim Rickards: Trump-Haters Don't Get The "Art Of The Deal" [zerohedge.com] by zer0hedge

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trump · @zer0hedge ·
$351.62
Jim Rickards: Trump-Haters Don't Get The "Art Of The Deal" [zerohedge.com]
For more articles like this, head over to [zerohedge.com](https://www.zerohedge.com/).
___

Donald Trump hit the international political scene like a bull in a china shop.  

Since he took office in January 2017, the world witnessed antics it never saw before out of a President.  Many were expecting "The Don" to reign in his behavior and act more "Presidential".  Nothing of the sort took place.

On the contrary, Trump is as vicious as ever.  He talks about Heads of State in the same manner as people on the Manhattan zoning commission.  His negotiation style is confrontational to start and only escalates from there.

The Washington political scene does not know what to make of this guy.  He is a far cry from the demeanor of Barack Obama or George W. Bush.  He is a bully to the core and appears like he could care less what anyone thinks about him.  Making friends is not part of his agenda.

Jim Rickards is one who claims to understand Trump.  His latest piece claims that Trump is misunderstood by those who follow these issues.  The mistake, he believe, they are making is to focus upon the President not living up to their expectations of how one should act instead of concentrating upon the methodology he uses.  

According to Rickards, Trump negotiating style has not changed either.  He approaches all situations like was laid out in his book, The Art of the Deal.  

Thus, while Trump appears spontaneous, lost, and going off the deep end, Rickards makes the case there might be some sanity to his approach.  This negotiation style is calculating and thought it.  What appears to be chaos from the outside is actually a methodical approach to getting what he wants.

See if you buy into this view.

___

Full article along with reader comments found at [zerohedge.com](https://www.zerohedge.com/news/2018-07-17/jim-rickards-trump-haters-dont-get-art-deal)

___

[Authored by James Rickards via The Daily Reckoning,](https://www.zerohedge.com/news/2018-07-17/jim-rickards-trump-haters-dont-get-art-deal)

I’m continually amazed at the legions of politicos, pundits and so-called 'experts' who **don’t understand President Trump or how he conducts policy**.

![](https://cdn.steemitimages.com/DQmczKEjXMBZuBVAXQFY5j4VHT9LtZEximscggHwDQJTopZ/image.png)

**These elites have a mental model of how a president is supposed to behave** and how the policymaking process is supposed to be carried out. Obviously, Trump does not fit their model.

**Instead of trying to grasp the model that Trump does use, they continually berate and disparage Trump for not living up to their expectations**. A more thoughtful group would say, “Well, he’s different, so why don’t we try to understand the differences and analyze the new model?”

Really, **these people need to get out of Washington, New York and Hollywood** more and get away from their screens. If they knew more everyday Americans, they would come a lot closer to understanding how Trump gets things done.

_**It’s not chaos; it’s just a little different and more down to earth**_.

This is because of Trump’s “art of the deal” style described in his best-selling book by that name. Bush 43 and Obama were totally process-driven. You could see events coming a mile away as they wound their way through the West Wing and Capitol Hill deliberative processes.

All you had to do was understand the process and you could forecast big developments in a relatively straightforward way.

**With Trump, there is a process, but it does not adhere to a timeline or existing template. Trump seems to be the only process participant most of the time.**

Here’s the Trump process:

* Identify a big goal (tax cuts, balanced trade, the wall, etc.).

* Identify your leverage points versus anyone who stands in your way (elections, tariffs, jobs, etc.).

* Announce some extreme threat against your opponent that uses your leverage.

* If the opponent backs down, mitigate the threat, declare victory and go home with a win.

* If the opponent fires back, double down. If Trump declares tariffs on $50 billion of good from China,and China shoots back with tariffs on $50 billion of goods from the U.S., Trump doubles down with  tariffs on $100 billion of goods, etc. Trump will keep escalating until he wins.

* Eventually, the escalation process can lead to negotiations with at least the perception of a victory for Trump (North Korea) — even if the victory is more visual than real.

**No one else in Washington thinks this way.** Washington insiders try to avoid confrontation, avoid escalation, compromise from the beginning and finesse their way through any policy process.

Trump is in a league of his own. What amazes me is that the media still do not understand his style and keep taking the bait when he announces something crazy, as in Step 3 above.

**Here’s a list of big issues that are now in play from Trump’s perspective and may lead to dramatic results with important implications for investors:**

* Tariffs and penalties on China for theft of intellectual property.

* Trump’s threat to withdraw the U.S. from the World Trade Organization (WTO).

* Trump’s threat to quit NATO. Trump will not actually do this, but he could withdraw U.S. troops from Germany. This would drive Germany closer to Russia.

* The U.S. and China can find no middle ground in disputes over rights in the South China Sea

* North Korea seems to be cheating on its commitment to Trump to denuclearize the Korean Peninsula.

All of these developments and more have the potential to reach crisis proportions. **The problem from an investor’s perspective is they are “slow burn” crises and can linger for a long time before producing anything dramatic such as a shooting war or market collapse. They are not date-driven or date-specific in the short run.**

One story that’s under the radar and could blow up soon is Chinese currency devaluation.

If Trump puts a 25% tariff on Chinese imports but China then devalues its currency 25%, then the net effect is zero. The impact of the devaluation offsets the impact of the tariff and then you’re back where you started.

**This new currency war seems to be happening.**

Once Trump focuses on this, he’s likely to be infuriated and retaliate against China in the currency war and take steps to penalize China for currency manipulation over and above the existing tariffs and penalties for theft of intellectual property. _**This has a hard date of Oct. 15, 2018**_.

That’s the date of the U.S. Treasury’s semiannual report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States.

_**That report is the formal mechanism for labeling a trading partner such as China a “currency manipulator” with severe consequences**_. Oct. 15, 2018, is just three weeks before the midterm elections, so it could be a highly popular political move in addition to being economically important.

All of this and more is on Trump’s policy plate right now. Just don’t expect him to handle it the way politicos usually do. Investors should expect dramatic policy shifts and extreme threats. But don’t overreact like the Washington pundits.

_**Remember, it’s all the art of the deal.**_

___
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vote details (446)
@gtrplayer ·
$0.04
Interested in hearing Jim's take on the summit in Helsinki and whether he thinks Trump will be able to finish his term.
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@felixxx ·
$0.04
So ...

You made Steem from automatically copying articles from zerohedge.
You delegate your SP top bid bots.
You vote your own posts.

Now you are flagging the @steembay bot for selfvoting.

https://steemit.com/steembay/@zer0hedge/re-steembay-tzukhan-56587354-auction-history-20180717t235539932z

A free service.

Thanks @transisto
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@transisto · 
I know enough about the people who control the account to tell you there is nothing automatic about that content.

It's @sadkitten that's flagging with it, it's fully automatic, Sorry it's something new, the message should have come from @sadkitten.
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@felixxx ·
$1.91
I can help _them_ automate that, easily. Contact me in Discord.
From a quick look I thought the account was simply reposting every tyler durden article.

About the flagging:
Since delegating your Steem Power to bid bots has the same effect as voting your own posts, I do not see the point in this initiative to begin with. If anything, it forces people over to use bidbots and eliminate their risk of being flagged.
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@boinger ·
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BOING! You got a 24.36% upvote from @boinger courtesy of @steemium!
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@booster · 
<p>This post has received a 6.06 % upvote from @booster thanks to: @steemium.</p>
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@whalepromobot ·
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@upme ·
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@ebargains ·
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@brotherhood ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t131529432z
<b>You received a 33.33% upvote from @brotherhood thanks to @steemium!,</b>
<b>join on @brotherhood community on discord channel:https://discord.gg/3HZdaGk and share your post there.</b>
👎  
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@whalecreator ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t132234558z
You got a 17.61% upvote from @whalecreator courtesy of @steemium! Delegate your Steem Power to earn 100% payouts.
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@postpromoter ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t132609121z
You got a 9.01% upvote from @postpromoter courtesy of @steemium!

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👎  
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@joeparys ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t132813839z
You got a 14.34% upvote from @joeparys! Thank you for your support of our services. To continue your support, please follow and delegate Steem power to @joeparys for daily steem and steem dollar payouts!
👎  
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@honestbot ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t134101759z
You just received a 26.02% upvote from @honestbot, courtesy of @steemium!
![WaveSmall.gif](https://steemitimages.com/DQmaHNChXJe14nWPwWdsrXEG2M3jSBRpDpF4cwq1ERhS3d4/WaveSmall.gif)
👎  
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@emperorofnaps ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t134426388z
You got a 15.07% upvote from @emperorofnaps courtesy of @steemium!

Want to promote your posts too? Send 0.05+ SBD or STEEM to @emperorofnaps to receive a share of a full upvote every 2.4 hours...Then go relax and take a nap!
👎  
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@sneaky-ninja ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t134556166z
![sneaky-ninja-sword-xs.jpg](https://steemitimages.com/DQmde7XXhkKjmxyqBbBPTwkaiuXXrtQe6qXoWmCDZL1nD2B/sneaky-ninja-sword-xs.jpg)
Sneaky Ninja Attack! You have just been defended with a 17.85% upvote!
I was summoned by @steemium. I have done their bidding and now I will vanish...

woosh
A portion of the proceeds from your bid was used in support of youarehope and tarc.

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👎  
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vote details (1)
@boomerang · 
This post has received a 13.62 % upvote from @boomerang.
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@nado.bot ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t135409264z
You got a 25.00% upvote from @nado.bot courtesy of @steemium!

Send at least 0.1 SBD to participate in bid and get upvote of 0%-100% with full voting power.

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👎  
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@msp-bidbot ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t135831461z
This post has received a 18.52% upvote from @msp-bidbot thanks to: @steemium. Delegate SP to this public bot and get paid daily: [50SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=msp-bidbot&amp;vesting_shares=102530.111111%20VESTS), [100SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=msp-bidbot&amp;vesting_shares=205244.111111%20VESTS), [250SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=msp-bidbot&amp;vesting_shares=515000.000000%20VESTS), [500SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=msp-bidbot&amp;vesting_shares=1029244.000000%20VESTS), [1000SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=msp-bidbot&amp;vesting_shares=2059244.000000%20VESTS), [5000SP](https://v2.steemconnect.com/sign/delegateVestingShares?delegator=&amp;delegatee=msp-bidbot&amp;vesting_shares=10289244.000000%20VESTS) Don't delegate so much that you have less than 50SP left on your account.
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@redlambo ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t140045169z
You got a 19.20% upvote from @redlambo courtesy of @steemium! Make sure to use tag #redlambo to be considered for the curation post!
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@flymehigh ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t141029359z
Nice post ! You got 27.81% upvote from @flymehigh. Earn free sbd/steem daily by delegating(renting) your SP. We share high return, click here to [delegate your sp to flymehigh](https://steembottracker.com/delegation.html?delegatee=flymehigh) if you don't know, how to earn passive income by delegating your SP [click here](https://steemit.com/steemit/@flymehigh/how-to-earn-a-passive-income-on-steemit-how-to-delegate-rent-your-steem-power) for more info Join [our discord](https://discord.gg/4KV93EW) You can promote your posts. Thanks.
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@spydo ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t141049518z
Congratulations, your post received 33.33% up vote form @spydo courtesy of @steemium! I hope, my gratitude will help you getting more visibility.
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@upmewhale ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t142015603z
You got a 33.93% upvote from @upmewhale courtesy of @steemium!

Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!
properties (22)
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@edensgarden ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t142151171z
You got a 18.51% upvote from @edensgarden courtesy of @steemium!
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@lost-ninja ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t143820956z
You have been defended with a 22.82% upvote!
I was summoned by @steemium.
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@incredibleashish · 
Read this story you may feel your college days are back
https://steemit.com/lovestory/@incredibleashish/the-college-life-a-love-story-part-4
👎  
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@th3voter ·
$0.20
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t151044110z
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@lovejuice ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t151054315z
This post has received a 8.88% upvote from @lovejuice thanks to @steemium. They love you, so does Aggroed. Please be sure to vote for Witnesses at https://steemit.com/~witnesses.
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@postdoctor ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t151244160z
Wow greate article! 
Thanks for using the @postdoctor service!
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@minnowvotes ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t152031375z
You got a 15.91% upvote from @minnowvotes courtesy of @steemium!
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@shares ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t152037392z
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vote details (1)
@ceruleanblue · 
lololo this post got its votes the same way trump did :P

>6 hours ago	Transfer 332.938 SBD to steemium



![lol.PNG](https://cdn.steemitimages.com/DQmUypW7xp8tc4oRzPQDLneDu1x6jMWpGT5N2BUBSvhLQxo/lol.PNG)
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@brupvoter ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t154619032z
You got a 15.67% upvote from @brupvoter courtesy of @steemium!
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@minnowhelper ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180718t162631811z
This post has received a 19.29% upvote from [![](https://steemitimages.com/DQmcZYv2276nr6zEDDTZY1iLcgaBiNqumAnYtmvxNtr5zrW/minnow_klein.png)](https://steemit.com/@minnowhelper) thanks to: @steemium!!!
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@mannyfig1956 · 
I truly enjoyed reading this post your words are very accurate. I believe that our president does not have the knowledge to run this country . There’s so many obstacles from the day that he took office. I was wondering what he was thinking when he met  Ladimir Putin , I still can’t understand why the Republicans are still backing him up for all the  humility that he has given this great country I don’t think he gets it.  look forward to your reply @mannyfig1956

You got my Upvote and Resteem from
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@ching-chong · 
Well said
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@jfitmisc ·
$0.17
Why are you reformatting ZeroHedge articles if you are not affiliated with them? You shouldn't be profiting this. This is wrong. You should come up with your own original content and arguments.
👍  ,
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@seewhat · 
The author is right to analyze trump's logic, and trump is like an emotional bull who will keep going
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@steemittube · 
today :)

![p3.PNG](https://cdn.steemitimages.com/DQmZ6jFp75wvDsG1vtWWPRAjVW71mXK6ZpQ158QFqMfUwDF/p3.PNG)
👍  
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@arcange · 
Congratulations @zer0hedge!
Your post was mentioned in the [Steemit Hit Parade](https://steemit.com/hit-parade/@arcange/daily-hit-parade-20180718) in the following category:

* Pending payout - Ranked 4 with $ 383,74
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@oceanwhale ·
re-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180719t223657689z
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properties (22)
post_id57,099,192
authoroceanwhale
permlinkre-zer0hedge-jim-rickards-trump-haters-don-t-get-the-art-of-the-deal-zerohedge-com-20180719t223657689z
categorytrump
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created2018-07-19 22:37:00
last_update2018-07-19 22:37:00
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last_payout2018-07-26 22:37:00
cashout_time1969-12-31 23:59:59
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promoted0.000 SBD
body_length2,619
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root_title"Jim Rickards: Trump-Haters Don't Get The "Art Of The Deal" [zerohedge.com]"
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