Dear President Donald Trump
There is nothing new about electric cars, vans and trucks. These existed in the UK before and during and after WWII. These same types of vehicles, were also converted to run on kerosene.
During WWII and long after, the UK had electric trams, trolley buses and trains transporting millions of people into and out of London and other Cities each working day.
During WWII Hitler launched ballistic missile bombs against London and as a child I saw the death and destruction they caused, After WWII, this rocket technology went to the USA and was used to establish the USA space program.
As you would know, the Russians were the first to put a satellite into space, Sputnik 1 on 4/10/1957. In the early 1960s my brother Ernie, was the Manager of a Private English Company that built communications satellites which were launched into space on-board a USA military rocket.
I understand Elon Musk purchased from Russia two refurbished ICBMs to start his space adventure.
Obviously, you think Elon Musk is significant to the success of your Presidency but what his businesses are doing today is an updated version of what existed in the past. Also, as you would know the Oil and Gas Companies rule the Western World and will find ways and means to constrain the market for electric vehicles.
The Stock Markets in the USA and London are grossly overvalued because of the vast sums of money sloshing around with nowhere else to invest i.e. not in manufacturing because the USA is not competitive against China and BRICS. This gross over valuation of Stock Markets caused previous Economic and Financial Crises and will cause the next. You may not know that since deregulation of the Banks, their Boards and Executives have used their Bank’s Treasury Funds as security for long-term fixed rate borrowings which they invest short-term at higher interest rates to receive multi million dollar bonuses. In the traditions of Banking their Treasury Funds were sacrosanct and could not be securitised and speculated. Treasury was not a profit centre and not part of the remuneration of Boards and Executives.
The USA Banks have exposure to US$ hundreds of Trillions which is a recipe for catastrophic Financial disaster and can destroy America’s reputation around the World.
The savings that DOGE can make are like a speck of dust on the back of an elephant.
Please see the light and understand the following
1. Only 2% LIBERTY TAX can make ‘Made in America’ competitive against ‘Made in China and BRICS’ to MAGA and have $US Trillions sloshing around the US Stock Market invested, in manufacturing ‘Made in America’.
2. Stop the USA Bank and others from securitising and speculating with their Treasury Funds. Then have the Derivatives Market cleaned out.
Kind regards
Derek Smith CA