Trump ended his whirlwind or rather hurricane tour of Europe and the UK that included a NATO summit where he lambasted the likes of Germany for free riding on the backs of American defence spending for decades, and a four day tour of the UK where he met British Prime Minister Theresa May where during a joint press conference Trump declared that Boris Johnson would make a great Prime Minister. And that Theresa May had ignored his advice on how to deal with the European Union in respect of Brexit which Theresa May later jokingly revealed on the Andrew Marr show was to forget about negotiating with the EU but instead to SUE the EU.

And as Trump prepared to leave the UK for Helsinki for his meet and greet with Russia's Czar Putin. Trump declared that the European Union rather than being America's allie was instead at least on a Trade front was one of America's biggest enemies on par with the likes of China in an interview with CBS NEws.

"Well, I think we have a lot of foes. I think the European Union is a foe, what they do to us in trade. Now, you wouldn't think of the European Union, but they're a foe. Russia is foe in certain respects. China is a foe economically, certainly they are a foe. But that doesn't mean they are bad. It doesn't mean anything. It means that they are competitive."

Which should not come as any surprise to those who have been following my Trump Reset, War with China series of articles and videos since before Trump took office. The most recent of which focused on the fact that Trump was systematically attempting to destroy the US Empire that most western nations such as the EU are part of that Trump apparently fails to comprehend the existence of, instead his actions seek to promote competitor empires such as China and Russia whilst unleashing forces that have been kept bottled up since the end of WW2 i.e. Germany and Japan seeking to re-arm in the name of defence but which will let the genie out of the bottle as each will increasingly seek to exert their rising military power in their own backyards as I covered in my following recent article:

Trump Destroying US Empire in Trade War Against China, Europe and Canada - 6th Jul 18

Trumps actions in office, are not just limited to the highly damaging trade war against America's western allies with whom Trump should be coordinating the Trade War against China, but his actions are undermining the very pillars on which the US Empire has stood for 70 years such as NATO. Which as I warned in December 2016 not only risks destroying the fundamentals of the US Empire but risks giving birth to new competitor Empires by unleashing the likes of Germany in Europe and Japan in Asia to re-arm and once more and embark upon their own military and economic agendas in the name of defence, where in Europe the emerging Fourth Reich (already in existence economically) would see the reason for its militirisation as a deterrence against a belligerent Russia as US guarantees could no longer be relied upon.

Whilst in Asia we have Japan also re-arming due to lack of credibility of US military guarantees in deterrence of the ever expanding Chinese Empire. Though as these two NEW competing empires emerge and grow then undoubtedly they would seek to displace US influence in their regions, thus Trumps actions are splintering the world into multiple competing military and economic blocks as the United States empire remains primarily focused on the Chinese threat, thus turning a blind eye to the emerging threats of Germany and Japan that would once more see the western Pacific as Japan's back yard. Which is probably what a short-sighted Trump wants to happen because it means the US does not need to spend as much money on containing China as the Japanese would increasingly do the job, all without realising what Japan would do with its vastly expanded military.

The consequences of dismantling of the US Empire and unpleasing Japan and Germany is clearly something that Trump completely fails to comprehend given his simplistic Fox News world view.

And comprehensive video analysis covering the implications of the unfolding US Trade War not just against China but much of the rest of the Western World.

Meanwhile Trumps next stop after walking and dining with the Queen is to pay homage to the person who played a pivotal role in getting Trump elected in 2016, Czar Putin of Russia in respect of which Trump has repeatedly stated he expected his meeting with Putin to be the easier of the three meetings during his tour of Europe (NATO, UK, Putin).

And so we shall soon see what rewards Trump hands Putin in Helsinki, where the starting point of a handshake between the two will be enough for Putin to have already won as Trump continues to dismantle the US Empire.

My next in depth analysis will be focused on the prospects for the stock market for much of the remainder of 2018 that will be FIRST made available to my patrons. So do consider supporting my work at just $3 per month. https://www.patreon.com/Nadeem_Walayat

Your analyst,

Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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