Note: This post was first published on Patreon on 11 Jul 2018
US President Donald Trump was busy in Europe making obviously false and inflammatory statements as he met with NATO allies in Brussels today. At first blush, I thought his aim was to provoke for provocation's sake. But upon closer examination, I saw that Trump is trying to win US oil companies business at the expense of the Russians. Let me explain below.
Trump on the 4% defense spending
Before I get into the natural gas issue, let me comment on Trump's NATO defense spending remarks. Trump has suggested that NATO spend 4% of GDP on defense when most NATO countries aren't even spending 2%. Even the US is below the 4% threshold.
So Trump's comments are absurd on their face. There is no way you are going to get NATO nations colle...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.