Confirmed: President Trump Will Attend National Boyscout Jamboree Monday, July 24th…


We received a tip a few weeks ago that President Trump might be attending the national Boyscout Jamboree in West Virginia this year.  Well, it appears to be confirmed for Monday night July 24thVERY EXCITING

(Boy Scouts of America) On Monday evening, July 24, the President of the United States, Donald J. Trump, will become the eighth president to visit a national jamboree. President Trump’s visit will precede that evening’s stadium show. Experiencing a presidential visit is a once-in-a-lifetime experience — all Scouts, Venturers, leaders, and staff should begin preparing for one of the Jamboree’s signature moments.  (read more)

The Monday night event takes place at the Boy Scouts of America venue AT&T Summit Stadium, which is located on 10,600 acres of property adjacent to West Virginia’s New River Gorge National River, the Summit Bechtel Family National Scout Reserve.

The Jamboree has a scheduled gathering at 7:30pm titled “Fellowship and Service”.  President Trump’s visit and remarks appear scheduled just before this event.  President Obama never attended, however President George W Bush and President Clinton did attend.  History of Presidential Attendance HERE

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Multinational Corporations and The Export of American Wealth…


To understand the larger objectives of the global and financial elite it is important to understand the three-decade global financial construct they seek to protect. Global financial exploitation of national markets:

♦Multinational corporations purchase controlling interests in various national elements of developed industrial western nations.
♦The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks.
♦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.

Since initially explaining this modern import/export dynamic some have asked for specific examples in order to gain a better understanding.  There are a myriad of interests within each sector that make specific explanation very challenging.  However, here’s an attempt.

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?

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.  But what’s brutally missed in the discussions is the fundamental truth that advocates selling this “global” message have a vested financial and ideological interest in convincing the information consumer it’s just a natural outcome of progress.

It’s not.

It’s not natural at all.  It is a process that is entirely controlled, promoted and utilized by large conglomerates and massive financial corporations.

Again, I’ll try to retain the larger altitude without falling prey to 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, national companies expanded their influence into multiple nations, across a myriad of industries and economic sectors (energy, agriculture, raw earth minerals, etc.).

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 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.  But 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 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’s 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 how the corporation maximizes it’s 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. harvest is abundant, they 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 BS.

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.  Currently, massive multinational corporations control the majority of product inside each nation and therefore control the entire global product market and price.

In highly developed nations this multinational corporate process requires the corporation to purchase the domestic political process, the approval, within individual nations allowing the exploitation.  As such, their lobbyists pay hundreds of millions to politicians for changes in policies and regulations one sector or industry at a time.

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.

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, it’s almost everything.

Individual flower growers in Florida out of business because they didn’t join the global market of flower growers (controlled market) by multinational corporate flower growers in Columbia and South America, who have an umbrella company registered in Mexico allowing virtually unrestricted access to the U.S. market under NAFTA.

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, ore, then sells the finished good 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.

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

Next up: How the Stock Market is disconnected and why that matters.

U.S. Commerce Dept. Issues Affirmative anti-Dumping Duty Determination on Taiwanese Rebar…


The U.S. building industry is a manufacturing sector made up of individual smaller material sectors.  Steel rebar is one such sub-sector.

WILBUR ROSS – U.S. Secretary of Commerce Wilbur Ross today announced the affirmative final determination in this antidumping duty (AD) investigation, finding that steel concrete reinforcing bar from Taiwan is being sold in the U.S. market at unfair prices.

The Commerce Department determined that exporters from Taiwan have sold steel concrete reinforcing bar in the United States at 3.50 percent to 32.01 percent at less than fair value based on factual evidence provided by the interested parties.

The Commerce Department will instruct U.S. Customs and Border Protection (CBP) to collect cash deposits from importers of steel concrete reinforcing bar from Taiwan based on these final rates.

“The United States can no longer sit back and watch as its essential industries like steel are destroyed by foreign companies unfairly selling their products in the U.S. markets,” said Secretary Ross. “We will continue to take action on behalf of U.S. industry to defend American businesses, their workers, and our communities adversely impacted by unfair imports.”

In 2016, imports of steel concrete reinforcing bar from Taiwan were valued at an estimated $53 million.

The Rebar Trade Action Coalition filed the case with the Commerce Department on behalf of its individual members:

  • Byer Steel Group, Inc., Cincinnati, Ohio
  • Commercial Metals Co., Irving, Texas
  • Gerdau Armisteel U.S., Inc., Tampa, Fla.
  • Nucor Corp., Charlotte, N.C.
  • Steel Dynamics, Inc., Pittsboro, Ind.

Enforcement of U.S. trade law is a prime focus of the Trump administration. From January 20, 2017, through July 21, 2017, Commerce has initiated 54 antidumping and countervailing duty investigations – a 40 percent increase from the previous year. For the same time period in 2016, Commerce had initiated 40 antidumping and countervailing duty investigations.

Antidumping laws provide U.S. businesses and workers with an internationally accepted mechanism to seek relief from the harmful effects of dumping unfairly priced products into the United States. Commerce currently maintains 404 antidumping and countervailing duty orders which provide relief to American companies and industries impacted by unfair trade.

The U.S. International Trade Commission (ITC) is conducting an investigation to determine whether or not the domestic industry is harmed by imports of steel concrete reinforcing bar from Taiwan. The ITC is currently scheduled to make its final injury determination on or before September 5.

If the ITC makes an affirmative final injury determination, Commerce will issue an antidumping order. If the ITC makes a negative final injury determination, the investigation will be terminated and no order will be issued.  Click HERE for a fact sheet on today’s decision.  (link)

Hillary’s Polls are Worse than Trump’s


In the latest Bloomberg Poll, Hillary’s favorable rating came in at 39%, below that of Trump. The interesting thing is the mainstream media is still bashing Trump with the Russia conspiracy that he somehow colluded with Putin to beat Hillary. Of course, all they press in that Russia hacked the emails. They never say that (1) the emails were false, or (2) Russia actually altered the vote. All they keep pressing is Russia “influenced” Americans not to vote for Hillary. It seems her polls just keep declining well after the election and I don’t think Russians are intercepting the polls as well.

Nature – Taking Care of the Elderly


A wolf pack: the first 3 are the old or sick, they give the pace to the entire pack.  If it were the other way round, they would be left behind, losing contact with the pack.  In case of an ambush they would be sacrificed.

Then come 5 strong ones, the front line.

In the center are the rest of the pack members, then the 5 strongest following.

Last is alone, the alpha.  He controls everything from the rear.  In that position he can see everything, decide the direction.  He sees all of the pack.

The pack moves according to the elders pace and help each other, watch each other.

By Donald Wilson

—————

Prequel…


Tucker Carlson Asks President Trump To Think More and React Less…


The Hunt for Money – “the more things change, the more they stay the same.”


 

QUESTION: 

Dear Mr Armstrong, with great compliments on your work I now see a chance to do something back. …
On the topic of government hunger for money, they are now using speedtraps for boats here in Amsterdam. Just 2 miles over the limit will cost already cost you €90. Yes they have laserguns for such low speeds… This only a few years after they tripled the tax on boats. There is also a raging debate on “erfpacht”, the soil many houses here are built on is owned by the city – you can imagine how potentially disastrous that can be if you’re an owner.
I would be interested if you see governments around the world not practicing this, or not so much. Or are they all the same?
Thank you.
Sincerely,
DvdP
ANSWER: Unfortunately, the problem we have with government is historic and of epic proportions. They always abuse their power of taxation and consequently, governments always fall by their own hand. They will never reform and constantly raise taxes because they are incapable of restraint. It is just the way everything functions throughout history. There is NOTHING we can do. This must simply run its course. When the crash comes, then perhaps we can offer real reform. The question becomes – how long can that survive before it starts all over again?
There has never been a revolution that ever resulted in true change. Even Napoleon crowned himself “Emperor” rather than “King” so you just change the title but you end up with the same thing. It was Jean-Baptiste Alphonse Karr (1808 – 1890) the French critic who said: “the more things change, the more they stay the same.”

Spain & the Rise & Fall of Empires, Nations, City States & Feudalism


QUESTION: Mr. Armstrong; I suppose when you said that the marriage of Isabella and Ferdinand the the final stage of unifying Spain rather than the beginning. Correct?

ANSWER: Yes. The idea of a nation state began to emerge in Europe during the 10th century. This is reflected even in the coinage which to a large extent move from feudal to city state and then finally into nation states.

For example, the nation state concept was taking place in Scandinavia and in England before it really emerged in France and Spain. The first king in England to become dominant was Alfred the Great (871-899). Yet he was still really just the king of Wessex. In the early 10th century the Anglo-Saxon kingdoms, united by Æthelstan (927–939), but then England was conquered and became part of the North Sea Empire of Cnut the Great, a personal union between England, Denmark and Norway.

The Norman conquest of England in 1066 led to the transfer of the English capital city and chief royal residence from the Anglo-Saxon one at Winchester to Westminster, and the City of London was established as England’s largest and principal commercial centre. This was the beginning of England as a nation state.

During the 13th century, Aragon controlled Barcelona before there was a nation state. In the case of Spain, Ferdinand I was the first Castilian monarchs whose reign began in 1037. The list of separate regions and kingdoms of Spain were

Kings of the Visigoths
Kings of Asturias
Kings of Navarre
Kings of León
Kings of Galicia
Kings of Aragon
Kings of Castile

You must understand that we moved from Provinces under the Roman Empire, to feudalism, then city states, and then back to nation states. There is a cycle to everything.

Bankers Get Their Criminal Convictions Overturned


The Second Circuit Federal Court of Appeals overturned the convictions of two former Rabobank traders in the LIBOR London interbank market manipulation scandal saying the men’s Fifth Amendment right against self-incrimination had been violated. Former Rabobank traders Anthony Conti and Anthony Allen, was sentenced to a year and a day in prison by Judge Rakoff who said that he was “mystified” that prosecutors only went after institutions since punishing individuals has a deterrent effect on others in a profession.

Nevertheless, the three-judge panel of the Second Circuit U.S. Court of Appeals in New York dismissed the charges against the two former Rabobank traders who were convicted on conspiracy and wire-fraud charges in November 2015. In a unanimous 81-page ruling, the Second Circuit Judge Jose Cabranes wrote that the two men’s convictions were tainted because a witness against them had been aware of testimony authorities in the U.K. had forced them to provide.

Clearly, this was an excuse since what happens outside the USA is usually considered different since it is the law where the act takes place that determines its legality. Applying the 5th Amendment suddenly applied was not equal protection of the law so it obviously was necessary to protect the New York Bankers personally from any prosecution. The Court of Appeals wrote it was “not harmless beyond a reasonable doubt.”

The ruling is obviously to prevent prosecutions of bankers in New York on a personal level. Judge Rakoff’s observation that he was “mystified” that prosecutors only went after institutions rather than individuals has proven not to be a deterrent to unethical practices in New York, in which he hit the nail squarely on the head.

More than a dozen major banks allegedly rigged Libor to benefit themselves and have paid billions of dollars in fines and settlements. But these manipulations are not changing the trend, it is moving the market within a trend to clip people by electing stops. In this case, Rabobank agreed in 2013 to pay more than $1 billion in settlements to U.S., U.K. and Dutch authorities, including a $325 million settlement with the U.S. Justice Department. Individuals do not have these types of fines that the government can enrich itself. So the fines grow ever bigger and the individuals walk. If individuals are prosecuted, then the fines will decline and the banks can claim they were “rogue” traders to escape big fines.

The Second Circuit had to overturn these criminal prosecutions to maintain the policy of too-big-to-ja