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Trump's Economic & Winning Thread

SongSungAU

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Canadian Prime Minister Justin Trudeau Holds Press Conference on Steel and Aluminum Tariffs…
Posted on May 31, 2018by sundance

Justin from Canada presents one of the most ridiculous contexts for the U.S. 232 Steel and Aluminum tariff decision. Justin proclaims the imposition of countervailing duties by the U.S. indicates that President Trump considers Canada a national security threat. Seriously, I’m not kidding, that’s what he is stating – watch. Additionally, his feelings are hurt.

Apparently Justin from Canada cannot draw a distinction between an industry being lost, and that loss being a national security risk, and the hurt feelings of the Canadian Prime Minister. Intensely ridiculous… even for Justin. Obviously the irrational liberals in both the U.S. and Canada will likely draw the same ridiculous and illogical conclusions.
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China, the EU, Canada and Mexico have been exploiting weak U.S. trade policy for years. Through the effective utilization of targeted tariffs, with multiple opportunities -and warnings- to avoid the outcome, President Trump and Wilbur Ross cut the Gordian Knot.

The Big Club, driven almost entirely by the U.S. Chamber of Commerce and Tom Donohue are going bananas….. They can’t believe Trump actually did it. He actually followed through. The Wall Street consortium of multinationals are apoplectic.
Decades of economic gaslighting upon the U.S. electorate; massive manipulative multinational corporate influences; hundreds of millions spent purchasing U.S. politicians; and POTUS has just punched it all square in the face.




Amid ongoing trade stalemates with NAFTA and the EU, Commerce Secretary Wilbur Ross announced the U.S. Commerce Department will no longer provide exemptions for the European Union, Canada or Mexico on Steel/Aluminum tariffs.
In addition, a week ago, President Trump “instructed Secretary Ross to consider initiating a Section 232 investigation into imports of automobiles, including trucks, and automotive parts to determine their effects on Americas national security.

Section 232 of the Trade Expansion Act of 1962 (19 U.S.C. §1862) authorizes the Secretary of Commerce to conduct comprehensive investigations to determine the effects of imports of any article on the national security of the United States. As often stated by President Trump, Treasury Secretary Mnuchin and Commerce Secretary Wilbur Ross: “economic security is national security.”

In its current form NAFTA became an exploited doorway into the coveted U.S. market. Asian economic interests, large multinational corporations, invested in Mexico and Canada as a way to work around any direct trade deals with the U.S. By shipping parts to Mexico and/or Canada; and by deploying satellite manufacturing and assembly facilities in Canada and/or Mexico; China, Asia and to a lesser extent EU corporations exploited a loophole.

Through a process of building, assembling or manufacturing their products in Mexico/Canada those foreign corporations can skirt U.S. trade tariffs and direct U.S. trade agreements. The finished foreign products entered the U.S. under NAFTA rules.
This exploitative approach, a backdoor to the U.S. market, was the primary reason for massive foreign investment in Canada/Mexico; it was also the primary reason why candidate Donald Trump, now President Donald Trump, wanted to shut down that loophole and renegotiate NAFTA.

Why ship directly to the U.S., or manufacturer inside the U.S., when you could just assemble in Mexico and Canada and use NAFTA to bring your products to the ultimate goal, the massive U.S. market?
All nuanced trade-sector issues put aside, the larger issue is always how third-party nations will seek to gain access to the U.S. market through Canada and Mexico. [It is the NAFTA exploitation loophole which has severely damaged the U.S. manufacturing base.] President Trump, Secretary Wilbur Ross and U.S.T.R. Lighthizer well understand this structural problem. ONLY Trump, Ross, Mnuchin and Lighthizer were willing to confront this problem. If Trump had lost the election, Clinton would have joined the multinationals and U.S. workers would have suffered greatly.

The issue of Canada/Mexico making trade agreements with other nations (especially China), while brokering their NAFTA position with the U.S. as a strategic part of those agreements, is a serious issue that could not adequately be resolved while U.S. remains connected to NAFTA. With the tax reform benefits, American workers are realizing they are getting more money in their paychecks; and as the U.S. economy continues to gain momentum, that’s the backdrop timing for President Trump/Sec Ross making the announcement today.

The Automobile Sector is one of the biggest points of contention within varying trade negotiations. In the NAFTA discussion the auto-sector, via rules of origin, runs at the heart of NAFTA’s fatal flaw. The fatal flaw = use of Asian, mostly Chinese, auto components within auto manufacturing. Mexico and Canada arguing to allow more Chinese auto parts in North American manufacturing; and President Trump demanding more North American parts for North American auto manufacturing.
The auto-sector is representative of much of the manufacturing exploitation by multinational corporations beyond vehicle production. China has supported the exploitation because they produce the components for multiple sectors (furniture, appliances etc).

The auto-sector is much more than just complete assembled vehicles. In many ways the core trade issues of part origination, manufacturing and assembly of multiple durable goods sectors are represented within the auto industry process.
Current trade negotiations with the EU, China and NAFTA reached a loggerhead status around these core issues. Multinational ‘Wall Street’ corporations unwilling to lose their prior multi-billion investments and take a new ‘America-First’ approach. POTUS Trump is rightly angered by many of them because he specifically offset any investment losses with a new U.S. corporate tax structure.

All of that said, the issues with the auto-sector have now rippled out into other trade sectors with discussions coming to a standstill until the auto issues are resolved. Enter President Trump and Commerce Secretary Wilbur Ross with the plan.
Knowing all of the outlier, generally lesser, trade sectors are being impacted over the Chinese auto component issue, President Trump cuts the Gordian Knot and tells Commerce Secretary Wilbur Ross to consider a Section 232 review of auto industry as it pertains to imports.

Additionally, amid ongoing trade stalemates with NAFTA and the EU, Commerce Secretary Wilbur Ross has announced the U.S. Commerce Department will no longer provide Steel and Aluminum tariff exemptions for the European Union, Canada or Mexico. During a telephone briefing with reporters today Secretary Ross announced at midnight tonight the 25% steel, and 10% aluminum, tariffs on imported goods will begin.

Australia, Brazil and South Korea (KORUS) have completed trade agreements with the U.S. and will remain exempt from any countervailing steel and aluminum duty. However, Canada and Mexico (NAFTA), as well as the EU, have been unwilling to reach reciprocal and balanced trade agreements with the U.S. and will now be subject to the tariff.
White House:
“The United States was unable to reach satisfactory arrangements, however, with Canada, Mexico, or the European Union, after repeatedly delaying tariffs to allow more time for discussions.”​
The U.S. Chamber of Commerce representing Wall Street multinational interests are going bananas. DC politicians, and the multinational media, who are fully purchased by the U.S. CoC lobbyists are attacking the Trump administration….. all predictable.


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President Trump: 500 Days of Greatness - Charlie Kirk - 06/04/18 (3 min 34 sec):


Published on Jun 4, 2018 by Trump Fan Network
 

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On Cue – Mitch McConnell Welcomes Legislation To Block President Trump Trade Policy…
Posted on June 5, 2018
by
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There are Trillions At Stake. There is no upper limit to what congress is willing to do to stop President Trump from turning off the lobbyist funding. Without influence in DC there can be no affluence in DC. That’s why McConnell cancelled the recess.

If the president continues to remain focused exclusively on what is in the U.S. best interests, he must be stopped. Politicians in DC cannot just sit-by and allow the U.S. economy to be based on the interests of Americans; it would mean the destruction of years of central planning by DC Lobbyists, multinational banks, Wall Street and multinational corporations.




WASHINGTON DC – Senate Majority Leader Mitch McConnell (R-Ky.) said Tuesday that he will not bring up a freestanding bill to push back on President Trump’s trade agenda, but that GOP senators might be able to add it as an amendment to other legislation.
Support among Republicans has grown for legislation backed by Sens. Bob Corker (R-Tenn.) and Pat Toomey (R-Pa.) that would give Congress power to authorize or reject any new tariffs imposed because of national security concerns.

GOP senators says McConnell doesn’t want to risk a confrontation with the president but also wants to be responsive to the concerns of colleagues who think Trump’s trade agenda has run amuck. (read more)
♦POTUS Trump is disrupting the global order of things in order to protect and preserve the shrinking interests of the U.S. He is fighting, almost single-handed, at the threshold of the abyss. Our interests, our position, is zero-sum. Our opposition seeks to repel and retain the status-quo. They were on the cusp of full economic victory over the U.S.

In these economic endeavors President Trump is disrupting decades of financial interests who use the U.S. as a host for their ideological endeavors. President Trump is confronting multinational corporations and the global constructs of economic systems that were put in place to the detriment of the host (USA) ie. YOU. There are trillions at stake; it is all about the economics; everything else is chaff and countermeasures.
Familiar faces, perhaps faces you previously thought were decent, are now revealing their alignment with larger entities that are our abusers.
We are already familiar how China, Mexico and ASEAN nations export our raw materials (ore, coking coal, rare earth minerals etc.). The raw material to manufacture goods are then trans-shipped back into the U.S. for purchase.
It is within this decades-long process where we lost the manufacturing base, and the multinational economic planners (World Trade Organization) put us on a path to being a “service driven” economy.

The road to a “service-driven economy” is paved with a great disparity between financial classes. The wealth gap is directly related to the inability of the middle-class to thrive.
Elite financial interests, including those within Washington DC, gain wealth and power, the U.S. workforce is reduced to servitude, “service”, of their affluent needs.
The destruction of the U.S. industrial and manufacturing base is EXACTLY WHY the wealth gap has exploded in the past 30 years.
With that familiarity, did you think the multinationals would stop with only “DURABLE GOODS”?

They don’t.

They didn’t.



The exact same exfiltration and exploitation has been happening, with increased speed, over the past 15 years with “CONSUMABLE GOODS“, ie food.

Raw material foodstuff is exported to China, ASEAN nations and Mexico, processed and shipped back into the U.S. as a finished product. This is the same design-flow with food as previously exploited by other economic sectors, including auto manufacturing.
Multinational corporations, BIG AG, are now invested in controlling the outputs of U.S. agricultural industry and farmers. This process is why food prices have risen exponentially in the past decade.

The free market is not determining price; there is no “supply and demand” influence within this modern agricultural dynamic. Food commodities are now a controlled market just like durable goods. The raw material (harvests writ large) are exploited by the financial interests of massive multinational corporations.

Again, if we were to pull out of NAFTA our food bill would drop 25% (or more) within the first year. Further, if U.S. supply and demand were part of the domestic market price for food, we would see the prices of aggregate food products drop by half almost immediately. Some perishable food products would predictably drop so dramatically in price it is unfathomable how far the prices would fall.

Behind this dynamic we find the international corporate and financial interests who are inherently at risk from President Trump’s “America-First” economic and trade platform. Believe it or not, President Trump is up against an entire world economic establishment.
When we understand how trade works in the modern era we understand why the agents within the system are so adamantly opposed to U.S. President Trump.

♦The biggest lie in modern economics, willingly spread and maintained by corporate media, is that a system of global markets still exists.
It doesn’t.



Every element of global economic trade is controlled and exploited by massive institutions, multinational banks and multinational corporations. Institutions like the World Trade Organization (WTO) and World Bank control trillions of dollars in economic activity. Underneath that economic activity there are people who hold the reigns of power over the outcomes. These individuals and groups are the stakeholders in direct opposition to principles of America-First national economics.

The modern financial constructs of these entities have been established over the course of the past three decades. When you understand how they manipulate the economic system of individual nations you begin to understand understand why they are so fundamentally opposed to President Trump.

In the Western World, separate from communist control perspectives (ie. China), “Global markets” are a modern myth; nothing more than a talking point meant to keep people satiated with sound bites they might find familiar. Global markets have been destroyed over the past three decades by multinational corporations who control the productsformerly contained within global markets.
The same is true for “Commodities Markets”. The multinational trade and economic system, run by corporations and multinational banks, now controls the product outputs of independent nations. The free market economic system has been usurped by entities who create what is best described as ‘controlled markets’.

U.S. President Trump smartly understands what has taken place. Additionally he uses economic leverage as part of a broader national security policy; and to understand who opposes President Trump specifically because of the economic leverage he creates, it becomes important to understand the objectives of the global and financial elite who run and operate the institutions. The Big Club.
Understanding how trillions of trade dollars influence geopolitical policy we begin to understand the three-decade global financial construct they seek to protect.
That is, global financial exploitation of national markets.

FOUR BASIC ELEMENTS:

♦Multinational corporations purchase controlling interests in various national outputs (harvests an raw materials), and ancillary industries, of developed industrial western nations. {example}
♦The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks. (*note* in China it is the communist government underwriting the purchase)
♦The Multinational Banks and the Multinational Corporations then utilize lobbying interests to manipulate the internal political policy of the targeted nation state(s).
♦With control over the targeted national industry or interest, the multinationals then leverage export of the national asset (exfiltration) through trade agreements structured to the benefit of lesser developed nation states – where they have previously established a proactive financial footprint.
Against the backdrop of President Trump confronting China; and against the backdrop of NAFTA being renegotiated, likely to exit; and against the necessary need to support the key U.S. steel industry; revisiting the economic influences within the modern import/export dynamic will help conceptualize the issues at the heart of the matter.

There are a myriad of interests within each trade sector that make specific explanation very challenging; however, here’s the basic outline.
For three decades economic “globalism” has advanced, quickly. Everyone accepts this statement, yet few actually stop to ask who and what are behind this – and why?



Influential people with vested financial interests in the process have sold a narrative that global manufacturing, global sourcing, and global production was the inherent way of the future. The same voices claimed the American economy was consigned to become a “service-driven economy.”
What was always missed in these discussions is that advocates selling this global-economy message have a vested financial and ideological interest in convincing the information consumer it is all just a natural outcome of economic progress.

It’s not.

It’s not natural at all. It is a process that is entirely controlled, promoted and utilized by large conglomerates, lobbyists, purchased politicians and massive financial corporations.
Again, I’ll try to retain the larger altitude perspective without falling into the traps of the esoteric weeds. I freely admit this is tough to explain and I may not be successful.

Bulletpoint #1: ♦ Multinational corporations purchase controlling interests in various national elements of developed industrial western nations.
This is perhaps the most challenging to understand. In essence, thanks specifically to the way the World Trade Organization (WTO) was established in 1995, national companies expanded their influence into multiple nations, across a myriad of industries and economic sectors (energy, agriculture, raw earth minerals, etc.). This is the basic underpinning of national companies becoming multinational corporations.
Think of these multinational corporations as global entities now powerful enough to reach into multiple nations -simultaneously- and purchase controlling interests in a single economic commodity.

A historic reference point might be the original multinational enterprise, energy via oil production. (Exxon, Mobil, BP, etc.)
However, in the modern global world, it’s not just oil; the resource and product procurement extends to virtually every possible commodity and industry. From the very visible (wheat/corn) to the obscure (small minerals, and even flowers).
Bulletpoint #2 ♦ The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks.

During the past several decades national companies merged. The largest lemon producer company in Brazil, merges with the largest lemon company in Mexico, merges with the largest lemon company in Argentina, merges with the largest lemon company in the U.S., etc. etc. National companies, formerly of one nation, become “continental” companies with control over an entire continent of nations.
…. or it could be over several continents or even the entire world market of Lemon/Widget production. These are now multinational corporations. They hold interests in specific segments (this example lemons) across a broad variety of individual nations.

National laws on Monopoly building are not the same in all nations. Most are not as structured as the U.S.A or other more developed nations (with more laws). During the acquisition phase, when encountering a highly developed nation with monopoly laws, the process of an umbrella corporation might be needed to purchase the targeted interests within a specific nation. The example of Monsanto applies here.



Bulletpoint #3 ♦The Multinational Banks and the Multinational Corporations then utilize lobbying interests to manipulate the internal political policy of the targeted nation state(s).
With control of the majority of actual lemons the multinational corporation now holds a different set of financial values than a local farmer or national market. This is why commodities exchanges are essentially dead. In the aggregate the mercantile exchange is no longer a free or supply-based market; it is now a controlled market exploited by mega-sized multinational corporations.

Instead of the traditional ‘supply/demand’ equation determining prices, the corporations look to see what nations can afford what prices. The supply of the controlled product is then distributed to the country according to their ability to afford the price. This is essentially the bastardized and politicized function of the World Trade Organization (WTO). This is also how the corporations controlling WTO policy maximize profits.
Back to the lemons. A corporation might hold the rights to the majority of the lemon production in Brazil, Argentina and California/Florida. The price the U.S. consumer pays for the lemons is directed by the amount of inventory (distribution) the controlling corporation allows in the U.S.
If the U.S. lemon harvest is abundant, the controlling interests will export the product to keep the U.S. consumer spending at peak or optimal price. A U.S. customer might pay $2 for a lemon, a Mexican customer might pay .50¢, and a Canadian $1.25.

The bottom line issue is the national supply (in this example ‘harvest/yield’) is not driving the national price because the supply is now controlled by massive multinational corporations.
The mistake people often make is calling this a “global commodity” process. In the modern era this “global commodity” phrase is particularly nonsense.

A true global commodity is a process of individual nations harvesting/creating a similar product and bringing that product to a global market. Individual nations each independently engaged in creating a similar product.
Under modern globalism this process no longer takes place. It’s a complete fraud. Massive multinational corporations control the majority of production inside each nation and therefore control the global product market and price. It is a controlled system.
EXAMPLE: Part of the lobbying in the food industry is to advocate for the expansion of U.S. taxpayer benefits to underwrite the costs of the domestic food products they control. By lobbying DC these multinational corporations get congress and policy-makers to expand the basis of who can use EBT and SNAP benefits (state reimbursement rates).

Expanding the federal subsidy for food purchases is part of the corporate profit dynamic.
With increased taxpayer subsidies, the food price controllers can charge more domestically and export more of the product internationally. Taxes, via subsidies, go into their profit margins. The corporations then use a portion of those enhanced profits in contributions to the politicians. It’s a circle of money.

In highly developed nations this multinational corporate process requires the corporation to purchase the domestic political process (as above) with individual nations allowing the exploitation in varying degrees. As such, the corporate lobbyists pay hundreds of millions to politicians for changes in policies and regulations; one sector, one product, or one industry at a time. These are specialized lobbyists.



EXAMPLE: The Committee on Foreign Investment in the United States (CFIUS)
CFIUS is an inter-agency committee authorized to review transactions that could result in control of a U.S. business by a foreign person (“covered transactions”), in order to determine the effect of such transactions on the national security of the United States.​
CFIUS operates pursuant to section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment and National Security Act of 2007 (FINSA) (section 721) and as implemented by Executive Order 11858, as amended, and regulations at 31 C.F.R. Part 800.​
The CFIUS process has been the subject of significant reforms over the past several years. These include numerous improvements in internal CFIUS procedures, enactment of FINSA in July 2007, amendment of Executive Order 11858 in January 2008, revision of the CFIUS regulations in November 2008, and publication of guidance on CFIUS’s national security considerations in December 2008 (more)​
Bulletpoint #4With control over the targeted national industry or interest, the multinationals then leverage export of the national asset (exfiltration) through trade agreements structured to the benefit of lesser developed nation states – where they have previously established a proactive financial footprint.
The process of charging the U.S. consumer more for a product, that under normal national market conditions would cost less, is a process called exfiltration of wealth. This is the basic premise, the cornerstone, behind the catch-phrase ‘globalism’.
It is never discussed.

To control the market price some contracted product may even be secured and shipped with the intent to allow it to sit idle (or rot). It’s all about controlling the price and maximizing the profit equation. To gain the same $1 profit a widget multinational might have to sell 20 widgets in El-Salvador (.25¢ each), or two widgets in the U.S. ($2.50/each).
Think of the process like the historic reference of OPEC (Oil Producing Economic Countries). Only in the modern era massive corporations are playing the role of OPEC and it’s not oil being controlled, thanks to the WTO it’s almost everything.

Again, this is highlighted in the example of taxpayers subsidizing the food sector (EBT, SNAP etc.), the corporations can charge U.S. consumers more. Ex. more beef is exported, red meat prices remain high at the grocery store, but subsidized U.S. consumers can better afford the high prices.
Of course, if you are not receiving food payment assistance (middle-class) you can’t eat the steaks because you can’t afford them. (Not accidentally, it’s the same scheme in the ObamaCare healthcare system)



Agriculturally, multinational corporate Monsanto says: ‘all your harvests are belong to us‘. Contract with us, or you lose because we can control the market price of your end product. Downside is that once you sign that contract, you agree to terms that are entirely created by the financial interests of the larger corporation; not your farm.
The multinational agriculture lobby is massive. We willingly feed the world as part of the system; but you as a grocery customer pay more per unit at the grocery store because domestic supply no longer determines domestic price.

Within the agriculture community the (feed-the-world) production export factor also drives the need for labor. Labor is a cost. The multinational corps have a vested interest in low labor costs. Ergo, open border policies. (ie. willingly purchased republicans not supporting border wall etc.).
This corrupt economic manipulation/exploitation applies over multiple sectors, and even in the sub-sector of an industry like steel. China/India purchases the raw material, coking coal, then sells the finished good (rolled steel) back to the global market at a discount. Or it could be rubber, or concrete, or plastic, or frozen chicken parts etc.

The ‘America First’ Trump-Trade Doctrine upsets the entire construct of this multinational export/control dynamic. Team Trump focus exclusively on bilateral trade deals, with specific trade agreements targeted toward individual nations (not national corporations).
‘America-First’ is also specific policy at a granular product level looking out for the national interests of the United States, U.S. workers, U.S. companies and U.S. consumers.

Under President Trump’s Trade positions, balanced and fair trade with strong regulatory control over national assets, exfiltration of U.S. national wealth is essentially stopped.
This puts many current multinational corporations, globalists who previously took a stake-hold in the U.S. economy with intention to export the wealth, in a position of holding contracted interest of an asset they can no longer exploit.
Perhaps now we understand better how massive multi-billion multinational corporations and institutions are aligned against President Trump.



RELATED:
♦The Modern Third Dimension in American Economics – HERE
♦The “Fed” Can’t Figure out the New Economics – HERE
♦Proof “America-First” has disconnected Main Street from Wall Street – HERE
♦Treasury Secretary Mnuchin begins creating a Parallel Banking System – HERE
♦How Trump Economic Policy is Interacting With The Stock Market – HERE
♦How Multinationals have Exported U.S. Wealth – HERE

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Hey Now2 hours ago
I'm actually glad for him. I laughed at him in the past and thought he was out of line but I think he has helped get us to this point. I'm surprised by this news but this might be part of the art of the deal. He presented the book to Kim !! By any means necessary in dealing with this guy. Rodman is an American friend of Kim.

Dennis Rodman Will Be in Singapore for Trump-Kim Meetings – May Play Role in Negotiations
by Jim Hoft June 5, 2018 78 Comments


Dennis Rodman says he will be in Singapore during talks between President Donald Trump and North Korean dictator Kim Jong Un.


View image on Twitter

NBA star turned Kim Jong Un soulmate Dennis Rodman will be in Singapore during President Trump’s summit with the North Korean dictator next week, The Post has learned.
“The Worm” will arrive in the country a day before the June 12 sitdown — and sources said he could even play some sort of role in the negotiations.​
 

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Fix the disastrous US trade issues and everything else falls into place.................

Trade News – MAGAnomic Results Overpowering Multinational Politics…
Posted on June 6, 2018by sundance

There are visible economic indicators today that positive U.S. MAGAnomic results are overwhelming the voices of purchased political leaders trying to sell a narrative of doom around President Trump’s tariff proposals and reciprocal trade reset. A key point is the U.S. stock market growth amid tariff, trade and NAFTA withdrawal discussion. As CTH has discussed the eventual trade outcomes appear baked into the latest market analysis.



Bolstered by election results showing increased momentum for team MAGA, and decreased likelihood for a Democrat wave, the overall economic news -and factual corporate bottom line results- are flooding the zone with optimism. Amid the strong foundation for U.S. investment and economic growth, the reciprocal trade strategy is no longer heavily feared. Simply put, the ‘America First’ policies are working.
Not only are Trump’s economic policies working (jobs, wages, investment growth), but they are gaining massive momentum as analysts begin to quantify the possibilities of expanded economic growth well beyond the -formerly outrageous- 3% GDP target. The ceiling is being raised faster than the winnamins can be digested.

Amid this U.S. MAGAnomic environment, threats of counter-tariffs by Mexico, Canada and the EU are as useless as feathers in a hurricane:


(Reuters) […] EU members have given broad support to a European Commission plan to set 25 percent duties on up to 2.8 billion euros ($3.3 billion) of U.S. exports in response to what is sees as illegal U.S. action. EU exports that are now subject to U.S. tariffs are worth 6.4 billion euros. (link)​
Consider the EU $3 billion tariff threat against this:

On a $20 trillion economy 3% growth = $600 billion in economic expansion.
Note: EU Tariff Feathers and U.S. Economic Hurricanes.

The best play for return-on-investment is INTO the U.S. Exactly as planned.



This MAGAnomic win shows up in narrowing trade deficits:

(Via PPD) The Census Bureau and Bureau of Economic Analysis said the U.S. trade deficit narrowed sharply to $46.2 billion in April. That’s down $1.0 billion from a revised $47.2 billion in March and far under the $53.1 billion monthly average of the first quarter 2018 (1Q).​
The 3-month average goods and services deficit decreased $2.2 billion to $49.6 billion for the three months ending in April. Average exports increased $2.9 billion to $209.3 billion and average imports increased $0.7 billion to $259.0 billion.​
The report indicates a big net-positive for second-quarter (2Q) gross domestic product (GDP), which the Atlanta Federal Reserve currently forecasts at a whopping 4.5%. (more)​
This is the domestic background for President Trump, Commerce Secretary Ross, Treasury Secretary Mnuchin, and U.S. Trade Representative Robert Lighthizer to confront the aggregate trade issues with China, the EU and NAFTA.

As an outcome of the growth dynamic, the U.S. leverage carried into the trade-reset discussions is much larger than any threats made by opposition. President Trump is likely to have fun at the G7, though I can also see him taking a few share-the-wealth “lumps out.”
Well,…. then again,…
…Maybe.

Killers.



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Trump: America Will No Longer Be the ‘Piggy Bank that Everyone is Robbing’
1481


AP Photo/Evan Vucci9 Jun 20186,683
Donald Trump concluded his trip to the Group of 7 (G7) economics conference in Canada with a combative, unscheduled statement in which he promised that the United States would no longer be the “piggy bank that everyone is robbing.”

Flanked by Economic Adviser Larry Kudlow and National Security Adviser John Bolton, Trump said the ultimate goal of U.S. trade policy was the elimination of tariffs and subsidies. But short of that, he also pledged the U.S. would raise its own trade barriers to combat unfair trade practices around the world.

“We’re like the piggy bank that everybody’s robbing and that ends,” Trump said.
Trump praised the G7 nations for what he described as their efforts to “take advantage” of weak U.S. leadership
“I blame our leaders and I congratulate leaders of other countries for taking advantage of our leaders,” Trump said. “It’s going to stop. Or we’ll stop trading with them. And that’s a very profitable answer, if we have to do it.”

Trump said that America’s trading partners would be making a mistake if they retaliated against new U.S. tariffs.
“If they retaliate they’re making a tremendous mistake because you see we have a tremendous trade imbalance,” he said. “The numbers are so much against them, we win that war 1000 times out of a 1000.”

President Trump’s public comments Saturday morning reflected his aggressive approach with world leaders Friday night. In private conversations with leaders from France, Canada, the U.K., and Japan Friday, Trump countered complaints about U.S. trade policy with detailed lists of what he described as unfair trade practices and failures to meet security commitments, according to a person briefed on the matter.

“If they thought they were going to lecture Trump on the glories of free trade, they got a rude awakening. He came to a gun fight armed with a stealth bomber,” one U.S. official told Breitbart News.

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for years and years the globalists and corporations have been touting the trade balance does not matter, because in the big picture when the 'services' trade is factored in, we are net positive overall.

the funny part is, no one could ever explain what this supposed 'services' trade was.

but, they would state stupid shit like 'a ferner buying stock here is a net gain in trade', and other such drivel

nothing productive mind you, nothing of import, but to them positively affecting the trade balance
 

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Imagine if we were not in debt & Fort Knox or whateever actually held our real wealth how much leverage Trump would have.
 

Irons

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Perfect Timing – Part II: The Trump Doctrine…
Posted on June 9, 2018by sundance

When we ended part I... A U.S. foreign policy that provides the opportunity for fully-realized national authenticity is a paradigm shift amid a world that has grown accustomed to corrupt globalists, bankers and financial elites who have established a business model by dictating terms to national leaders they control and influence.

When you take the influence of corporate/financial brokers out of foreign policy, all of a sudden those global influence peddlers are worthless. Absent of their ability to provide any benefit, nations no longer purchase these brokered services.

As soon as influence brokers are dispatched, national politicians become accountable to the voices of their citizens. When representing the voices of citizens becomes the primary political driver of national policy, the authentic image of the nation is allowed to surface.



In western, or what we would call ‘more democratized systems of government‘, the consequence of removing multinational corporate and financial influence peddlers presents two options for the governing authority occupying political office:

♦One option is to refuse to allow the authentic voice of a nationalist citizenry to rise. Essentially to commit to a retention of the status quo; an elitist view; a globalist perspective. This requires shifting to a more openly authoritarian system of government within both the economic and social spheres. Those who control the reigns of power refuse to acquiesce to a changed landscape.

♦The second option is to allow the authentic and organic rise of nationalism. To accept the voices of the middle-class majority; to structure the economic and social landscape in a manner that allows the underlying identity to surface naturally.

Fortunately we are living in a time of great history, and we have two representative examples playing-out in real time. •One example is the U.K. and voices of the British people who have voted to Brexit the European Union. •The second example is Mexico, and the upcoming July 1st election of Andres Manuel Lopez Obrador (aka AM LO), a national socialist.



In the U.K. we see the government turning more authoritarian and distancing itself from the voices of the majority who chose to rebuke the collective association of the EU. In recent decisions the government has taken a more harsh approach toward suppressing opposition, and as a consequence oppressing free speech and civil liberties.

This doesn’t come as a surprise to those who have followed the arc of history when the collective global elite are rejected. Globalism can only thrive amid a class structure where the elites, though few in number, have more controlling power over the direction of government. It is not accidental that the EU has appointed officials and unelected bureaucrats as the primary decision-making authority.

By its very nature collectivism requires a central planning authority who can act independent of the underlying national voice. As the Trump Doctrine clashes with the European global elite, the withdrawal of the U.S. financial underwriting creates a natural problem. Subsidies are needed to retain multiculturalism. If a national citizenry has to pay for the indulgent decisions of the influence class, a crisis becomes only a matter of time.
Wealth distribution requires a host. Since the end of World War II the U.S. has been a bottomless treasury for EU subsidy. The payments have been direct and indirect. The indirect have been via U.S. military bases providing security, and also by U.S. trade policy permitting one-way tariff systems. Both forms of indirect payment are now being reversed as part of the modern Trump Doctrine.

Similarly, in Mexico the Trump Doctrine also extends toward changed trade policies; this time via NAFTA. The restructuring of NAFTA disfavors multinational corporations who have exploited structural loopholes that were designed into the agreement.
With President Trump confronting the NAFTA fatal flaw, and absent of the ability of corporations to influence the direction of the administration, the trade deal ultimately presents the same outcome for Mexico as it does the EU – LESS DOLLARS.



However, in Mexico, the larger systems of govern
ment are not as strongly structured to withstand the withdrawal of billions of U.S. dollars. The government of Mexico is not in the same position as the EU and cannot double-down on more oppressive controls. Therefore the authentic voice of the Mexican people is likely to rise.

Andres Manuel Lopez Obrador (AM LO), is a nationalist but he is not a free-market capitalist. AM LO is more akin to a Hugo Chavez soft-Marxist approach with a view the central governing authority is the best structure to control the outputs of the production base and distribute equity.
The fabric of socialism runs naturally through the DNA strain of Mexico, and indeed much of South America. This is one of the reasons why the current Mexican government is so corrupt. Multinational corporations always find it easier to exploit socialist minded government officials.

When bribery and graft are the natural way of business engagement, the multinationals will exploit every opportunity to maximize profit. Withdraw the benefit (loophole exploitation) to the financial systems, and the bribery and graft dries up quickly. A bottom-up nationalist, albeit a soft-Marxist like AM LO, is the ultimate beneficiary.

The authentic sense of the Mexican people, rises in the persona of Andres Manuel Lopez Obrador – who actually does personify the underlying nature of the classic Mexican class-struggle.

Thus we see two similar yet distinct outcomes of the Trump Doctrine. Within a highly structured U.K. parliamentary government the leadership becomes more authoritarian and rebukes the electorate; and in Mexico a less structured government becomes more socialist and embraces the underlying nature of the electorate.

It is not accidental the historic nature of the U.K. is a Monarchy, and the historic nature of Mexico is socialist. Revolution not withstanding, both countries are now returning to their roots.
We are indeed living in historic times.



MEXICO CITY (Reuters) – Leftist candidate Andres Manuel Lopez Obrador extended his double-digit opinion poll lead to claim half of voter support ahead of Mexico’s July 1 presidential election, a voter survey showed on Monday.​
Lopez Obrador, who has consistently ranked in the lead in major polls, has 50 percent of voter support, 26 percentage points ahead of his nearest rival, according to the poll published in newspaper El Financiero.​
The former Mexico City mayor’s support rose from 46 percent in a May survey by the same pollster. (read more)

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Ensoniq

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I love that picture of Trump telling Angela “Nein”

2650D100-0C79-408F-AAEC-DC1136EFC0AC.jpeg
 

Irons

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EU President Donald Tusk Worries About “New World Order” Being Dismantled – The Peasants are Revolting…
Posted on June 10, 2018by sundance

European Union President Donald Tusk worries about the Bush-Clinton-Bush-Obama legacy being dismantled: “What worries me most is the fact that the rules-based international order is being challenged, quite surprisingly, not by the usual suspects, but by its main architect and guarantor: the US.”
.


Every parasite needs a host. As soon as the host refuses to remain co-dependent to its own demise, the abusers begin to panic.




“It must be always be remembered; there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage than a new system. For the initiator has the enmity of all who would profit by the preservation of the old institution and merely lukewarm defenders in those who gain by the new ones. ”
Niccolò Machiavelli


.
 

Uglytruth

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28 years wasn't enough...........
 

SongSungAU

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Whoops! Wrong Again! (0 min 57 sec):


Published on Jun 10, 2018 by Mark Dice
500doag.jpg
 

Irons

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gnome

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Balance of Trade is flat since Trump took office.

Screen Shot 2018-06-11 at 8.03.06 PM.png
 

gnome

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Labor participation is also flat, despite all the hype about low "unemployment".

Screen Shot 2018-06-11 at 7.44.04 PM.png
 

gnome

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GDP growth, 2.2% ... meh, pretty much in line with Obama years

Screen Shot 2018-06-11 at 8.16.08 PM.png
 

gnome

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Inflation is looking up!

Screen Shot 2018-06-11 at 8.19.32 PM.png
 

gnome

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And the 2018 Q1 federal deficit was bigger than the entire freaking year in 2014 or 2015.

In other words, it's just another inflationary bubble being blown by puffing up the debt.
 

Irons

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And the 2018 Q1 federal deficit was bigger than the entire freaking year in 2014 or 2015.

In other words, it's just another inflationary bubble being blown by puffing up the debt.


 

the_shootist

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I didn't vote for Trump so he could fix the economy. I voted for him so he would fix the tyranny!
 

Irons

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chojun says:
June 11, 2018 at 11:32 pm

Dennis Rodman was (and is) a cultural bridge for Kim Jong-un from the isolated North Korea into the West.
This is a *VERY* important role for Rodman. He planted one of the seeds long ago that looks to be resulting in peace in North Korea.

Dennis Rodman is a patriot.




Dennis Rodman Discusses North Korea – Gets Emotional About How President Obama Wouldn’t Listen, President Trump Did…
Posted on June 11, 2018by sundance

Dennis Rodman appeared on CNN to discuss North Korea. A remarkable interview. Around the 04:00 minute point, Mr. Rodman talks about how dismissive and angry everyone was toward him in years past for his contacts with North Korea.

Rodman gets very emotional as he discusses how President Obama wouldn’t talk to him; and he is optimistic that President Trump can help Kim Jong-un lead into a new future for the country and the North Korean people.

Mr. Rodman also explains how President Trump reached out to Rodman today telling him to feel a sense of pride for his efforts:




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Irons

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President Donald Trump and Chairman Kim Jong-un Initial Meeting Remarks – Transcript and Pictures…
Posted on June 11, 2018by sundance

UPDATE:
I’ve added video, a VERY SPECIFIC video, to this post because it is stunningly telling of the dynamic. Watch Chairman Kim Jong-un closely; he is extremely overwhelmed/intimidated by the scale, scope and intensity of the swarm media and the events that have brought him to this moment.
Kim’s respiration rate is fast and deliberate; he attempts to calm his nerves with breaths while simultaneously is aware that every moment is being captured. I find myself feeling great empathy for Chairman Kim Jong-un in this video. Again, watch closely this video captures the essence of the meeting better than all others:


.
President Donald Trump and Chairman Kim Jong-un deliver initial remarks at the beginning of their one-on-one bilateral meeting. [Transcript Link]
Q Mr. President, how do you feel (inaudible)?



PRESIDENT TRUMP: I feel really great. We’re going to have a great discussion and, I think, tremendous success. It will be tremendously successful. And it’s my honor. And we will have a terrific relationship, I have no doubt.

CHAIRMAN KIM: (As interpreted.) Well, it was not easy to get here. The past worked as fetters on our limbs, and the old prejudices and practices worked as obstacles on our way forward. But we overcame all of them, and we are here today.

PRESIDENT TRUMP: That’s true.

Thank you very much, everybody. Thank you. Thank you very much.

CHAIRMAN KIM: (As interpreted.) Thank you.
.



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Scorpio

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Even if nothing comes of the K summit, it is a step in the right direction is it not?

Is it not fair to give the guy credit for that?

Yet, as in the past it seems our path to meddle in this stuff has always been just throw USD at it. Whether with iran or any other, it always end up with a mcdonalds order. We ask for a order of denuc, maybe with a side of thighs, and whichever country gets millions or more in return.

The only way these quasi capitalists know to solve a problem is to throw dough at it.
 

Irons

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The only way these quasi capitalists know to solve a problem is to throw dough at it.
Trump is hated in DC because he breaks the #1 rule of politics. He is solving problems instead of nurturing them.
That one thing is showing the American people how much they have been lied to over the years, and by whom.



..
 

Scorpio

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yeah, they had george mtichell on from the time machine, democrat

he was speaking about prior efforts and how this remains to be seen, how in the past they would demand denuc prior to meeting, how they would make these demands prior to sitting down with the guy etc. That they have had paper deals before, all which have fallen by the wayside.

while he is yammering on, I am thinking quite the opposite. Why not talk to the guy, or go sit down with the guy and just chat for a bit? Rather than standing on all these prima donna positions they have had over all this time. We are the great us of friggin' a and how dare you not do as we state.

then they wonder why their methods never achieved any real traction.

maybe tramp can get something done because of how he is handling it, compared to those that preceded him.
 

Irons

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Politics is easy if you are not trying to accomplish anything. Trump showed the whole world what he thought of the G6 or G7 or whatever that dog and pony show in canada was called. A complete waste of time for a leader who is trying to accomplish a set of goals.

It is nothing but little make-work bullshit meetings where puppets present the plans of the people who own them.
The puppets themselves are not actually doing anything nor do they have any power.

.
 

Scorpio

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the same goes for Iran, although russia will have some interest of course

there are different ways of handling all of this stuff far differently than what has been past history,

the kenyan just throwing money at iran and expecting them to behave is just silly,

and tramp did throw him a bone, did tell him apparently that he would end these annual war games off the nk coast. Not a bad give up in my estimation.
 

Ensoniq

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The mini movie Trump showed Kim, “two futures”, “one destiny”


Would bring a tear.

Carrot and stick presentation

 

Ensoniq

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This migh cause a few heads to explode ;)
E96787A7-5531-4A32-BFA7-78D4B54F075C.jpeg
 

Scorpio

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kinda doesn't have any cache' anymore after they gave one out willy nilly to the kenyan for doing absolutely nothing

they have relegated it to 'participation trophy' status,

so it isn't anything to be proud of any longer IMO

ranks way up there with your local grocer giving you a free twinkie for buying a box of cheerios
 

Ensoniq

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It’s not an honor thing for me

I just like watching the sharp stick in the liberal eye

And the predictable butthurt that follows

It’s a spectator sport
 
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SongSungAU

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This migh cause a few heads to explode ;)
<snip>
I think what would really make a few heads explode would be if Trump were to say, "Thanks, but you can keep your prize. It's not as meaningful as it once was."
 

nickndfl

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Trump can donate the $1million that goes along with the prize.

I liked the above video, but the narrator was kind of creepy.