During an earlier G20 discussion of technology in a fast digital age, President Trump highlighted the potential security compromises with the new 5G communication network. This was an indirect shot toward China and the controversy surrounding Huawei with China’s Chairman Xi Jinping only separated from Trump by Prime Minister Shinzo Abe.
It would appear President Trump is in full confrontation mode, albeit diplomatically, as the highly anticipated meeting between Trump and Xi is going to take place at 10:30pm tonight. We are likely, heck, almost guaranteed, to see a complete reversal in position between the two leaders as President Trump wears the panda mask to cover the Eagle glare. This truly is the dance with the dragon.
After several years of background strategy, President Trump now has Chinese Chairman Xi Jinping in a tenuous position while the ramifications of the U.S-China trade dispute unfold around him and seemingly begin to collapse the One-Belt/One-Road supply chain Beijing has carefully planned. Actual manufacturing and investment is now retreating from China as the U.S. President continues to use access to the U.S. market as leverage to retract the tentacles of Chinese economic expansion.
President Trump has a quiver full of economic arrows that are available to him; not the least of which is the possibility of enhanced tariffs toward even more Chinese products. Beijing cannot keep subsidizing industry to keep position, they are bleeding cash and the threats against Western corporations have only made matters worse.
President Trump continues to pour vociferous praise against his adversary, while simultaneously taking targeted action that is having a real impact in China. This is the first time Beijing has encountered a western leader who deploys the exact same Chinese strategy of wearing a panda mask to cover the dragon objectives.
In an effort to regain position Chairman Xi has called Vice-Premier Liu He back to the front of the negotiations. However, after the duplicitous collapse in talks, due to Beijing reneging on the deal Liu He worked with Lighthizer and Mnuchin, there is no longer any visible trust being afforded by President Trump.
U.S.T.R Robert Lighthizer is ready.
OSAKA (Reuters) – U.S. President Donald Trump on Friday said he hoped for productive talks with Chinese President Xi Jinping on a trade war that is casting a shadow on global growth, but said he had not made any promises about a reprieve from escalating tariffs.
The trade feud and signs of a global slowdown have loomed over a two-day Group of 20 (G20) summit in the Japanese city of Osaka, where Trump and Xi met in passing and prepared for one-on-one talks on Saturday.
To lay the groundwork, Chinese Vice Premier Liu He met Trump’s treasury secretary, Steven Mnuchin, and Trade Representative Robert Lighthizer at the hotel where the U.S. delegation was staying, a source familiar with the talks said.
Expectations have dimmed that the world’s two biggest economies can ease tension when Trump and Xi meet.
“At a minimum it will be productive. We’ll see what happens and what comes out of it,” Trump told reporters after a series of meetings with leaders where he made clear that his priority was two-way trade deals to boost the U.S. economy.
Asked, however, if he had promised Xi a six-month reprieve on imposing new tariffs on a $300 billion list of Chinese imports, Trump said: “No.”
Trump has already imposed tariffs on $250 billion of Chinese imports and is threatening to extend those to another $300 billion of goods, effectively everything China exports to the United States. China has retaliated with tariffs on U.S. imports.
Now, stunningly look at this next excerpt from Reuters based on conversations from Beijing (emphasis mine). This is a stunning shift in outlook from China:
[…] In Beijing, foreign ministry spokesman Geng Shuang said he hoped the U.S. side could meet China halfway.
“This accords with the interests of both countries and is what the international community is hoping for,” he told a news briefing.
China has consistently pushed back against criticism from Western countries, especially the United States and the European Union, about things like intellectual property rights and the difficulty of doing business in China.
“China’s promise to expand its opening up is not just a cheque that can’t be cashed,” Xi told German Chancellor Angela Merkel at a side meeting in Osaka.
Beijing never says “meet us halfway”, it’s not even part of their outlook; nor do they have a perspective of negotiation that includes such a disposition. This is a key signal that Beijing is starting to realize the scale and scope of their tenuous position.
Into this mix we now see the importance of Modi beginning to surface. If President Trump can get India to commit to an Indo-Pacific alignment that is less favorable to China, then in combination with the ASEAN groundwork already in place, the geopolitical circle will be closed. Beijing will be isolated.
[…] “I think we’re going to have some very big things to announce. Very big trade deal,” Trump said before he began talks with Indian Prime Minister Narendra Modi. He gave no details.
The United States has pressed its allies to shun Huawei in their fifth generation, or 5G, networks on security grounds. Trump has also suggested easing U.S. restrictions on Huawei could be a factor in a trade deal with Xi.
“We actually sell Huawei many of its parts,” Trump said at his meeting with Modi. “So we’re going to be discussing that and also how India fits in. And we’ll be discussing Huawei.” (more)
And there you have it. Japanese Prime Minister Shinzo Abe is the fulcrum for the reset. The ASEAN partners to include Vietnam, South Korea, Phillipines, and Japan are positioned as the economic investment beneficiaries. India then closes the snare and Panda’s grand one-belt/one-road is trapped.
The meeting tonight between Chairman Xi and Presideent Trump (10:30pm EDT) will be very interesting. No doubt Xi see’s his vulnerability… he must remain engaged and cannot be cut-out of the critical discussions.
This dynamic; this understanding by Xi, was visible yesterday in the video of the first group photo assembly. Watch Chairman Xi approach President Trump, the power dynamic has shifted. This is all new territory for Xi Jinping:
Watch Chairman Xi:
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Leaders and attendees take part in a photo session at the #G20 summit in Osaka, Japan. More: https://reut.rs/2NiR6j8
The last bilateral meeting of the first day at the G20 in Osaka, Japan, was held between President Trump and Brazil’s President Jair Bolsonaro. [Video and Transcript]
The US accounts for 34 percent of the world’s soybean production with 108 million metric tons. Brazil accounts for 30 percent of the global production of the crop with 87 million metric tons. Combined, Trump and Bolsonaro control 64 percent of global soybean production. [China consumes 60 percent of global soybeans available for export.]
Note: Brazil is a strategic geopolitical U.S. partner against Chairman Xi’s influence, due to the BRICS group (Brazil, Russia, India, China and South Africa). It is obvious this has been discussed between Bolsonaro and POTUS Trump. Within the media pool some enterprising narrative engineer asked President Trump about the Day-Two meeting between Xi and Trump, as noted below (emphasis mine):
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[Transcript] PRESIDENT TRUMP: Thank you very much everybody. We’re with a gentleman who had one of the greatest election wins anywhere in the world, as far as I’m concerned, and he was very proud of his relationship with President Trump — President of Brazil. And he’s a special man — doing very well, very much loved by the people of Brazil. And I think we can say that Brazil and the United States are as close or closer as they’ve ever been. So I just want to welcome you and say thank you very much, my friend.
PRESIDENT BOLSONARO: (As interpreted.) Yes, indeed. Thank you very much. It gives me great pleasure to be next to you, Mr. President. I have been a great admirer of you for quite some time, even before your election, and it gives me great honor to be with you.
The two countries we represent have a great deal in common. We’re two major countries — great countries — and, together, can do a great deal to the benefit of our two peoples. Brazil is endowed with assets that the world does not have, and I will be able to engage in talks with President Trump to establish a full partnership to the (inaudible) development of our nations.
I support Trump. I support the United States. I support your upcoming reelection. And I do hope that you will come to Brazil, and you have an open and standing invitation to visit Brazil, even before the upcoming election, so that we can showcase to the world that politics in Brazil has indeed changed. And we stand together and ready to work close (inaudible).
PRESIDENT TRUMP: Well, thank you very much, Mr. President. And we will come to Brazil. And you do have assets that very few countries can even think about — the assets you have in your land and in your water and in so many other places. You have some of the great assets in the world. And it’s a tremendous country with tremendous people, so I look forward to going.
And we’re now talking about a lot of trade. We’re doing a lot of trade, but we’re doing more now than previously, and we have many things to discuss. Thank you all for being here. Thank you very much.
Q President Trump, are you going to ask Brazil to take sides on the trade war with China?
AIDE: Excuse me. Translation — translation for the President.
(The interpreter for President Bolsonaro speaks.)
PRESIDENT TRUMP: Thank you very much everybody.
Q Are you going to ask Brazil to take sides in the trade war with China, President?
PRESIDENT TRUMP: Well, we’re going to have a meeting with President Xi of China tomorrow, as you probably have heard. There seems to be a rumor about that, and we are indeed, and we look forward to it. I think it’ll be productive. And who knows? But I think it’ll productive. At a minimum, it will be productive. We’ll see what happens and what comes out of it.
But we’re doing very well as a country. The United States is the hottest country in the world right now and — the economy. And all of the leaders have come up and said that it’s incredible what’s happened with the United States. And they congratulate me and they congratulate the people of the United States.
But we are — we’re a hot country. We’re doing well. So we’ll see what happens tomorrow with China.
Q But how Brazil can help on that? How Brazil can help on that?
PRESIDENT TRUMP: Help on what?
Q Help on the trade war with China?
PRESIDENT TRUMP: Not a question of “help”; it’s a question of whether or not we do something. And I think we have a very good chance. We’ll see what happens. Ultimately, something will happen, and it’ll only be good — good things happen.
Q Mr. President, do you expect that President Xi is going to put an offer on the table tomorrow for a trade deal?
PRESIDENT TRUMP: We’ll see what happens. You’re going to know, maybe, before most. We’ll see what happens tomorrow. It’ll be a — it’ll be a very exciting day, I’m sure, for a lot people, including the world. It’ll be an exciting day. A lot of people are talking about it, and it’s very interesting. And it’s going to come out, hopefully, well for both countries. And ultimately, it will work out.
Q Have you promised China that you won’t put anymore new tariffs on for another six months?
PRESIDENT TRUMP: No, I haven’t promised. No. Good question. No.
Q Mr. President, have you discussed Venezuela with President Putin? And do you intend to discuss it in this meeting?
PRESIDENT TRUMP: I discussed — well, we discussed a lot of things with President Putin. We had a very good meeting with President Putin. And we’ll have to see what happens with Venezuela. Venezuela is a — we’re behind the free Venezuela 100 percent. We’ll see what happens.
Q So did you lose momentum on Venezuela, President Trump?
PRESIDENT TRUMP: No, not at all. No. No. Things take time. But we’re behind a certain group of people; you know who the people are. We’re behind the people of Venezuela — that’s who we’re really behind, more than anything else. And we’ve been helping them a lot. We’ve been bringing a lot of food and a lot of medical and a lot of other things to Venezuela.
And we’re working with Colombia very closely — with Colombia — to help. Because, really, it’s a humanitarian crisis. That just shows what socialism can do.
You know, I’ve been watching the debates a little bit, in between meetings, and I wasn’t impressed. But when you look at the socialism and you look at what it can do — that’s what you’re talking about there. And that’s become like the Socialist Party. In fact, I heard — there’s a rumor the Democrats are going to change the name of the party from the “Democrat Party” to the “Socialist Party.” I’m hearing that. But let’s see if they do it.
The G20 summit in Osaka was filled with smiles, kisses, and handshakes between world leaders on their first day of meetings as they came together to discuss global issues such as trade and the digital economy.
Japan’s Prime Minister Shinzo Abe gathers the G20 world leaders to pose for a family photograph in front of Osaka Castle before being treated to dinner and a gala performance. It’s always interesting to watch the interactions between the G20 leaders.
There will be more detailed summaries coming later; however, here’s some of the more interesting aspects so far. The G20 Osaka, Japan Group Picture:
(Click Image to Enlarge)
As expected the schedule of President Trump’s first set of bilateral discussions seems structured around the Indo-Pacific strategy to counter China’s expansion. In this strategy within Southeast Asia geopolitics Japanese Prime Minister Shinzo Abe is the fulcrum for a shifting economic dynamic.
President Trump hosts a bilateral with Prime Minister Abe, and then again hosts a rather unusual trilateral meeting between himself, Abe and India’s Prime Minister Modi. The three leaders met in a trilateral discussion at the Buenos Aires G20 in 2018.
PRIME MINISTER ABE: (As interpreted.) (In progress.) You were the first state guest to Japan. I would like to thank you for your visit. It was a great honor for us. And so many Japanese citizens had a huge welcome to President Trump.
The G20 Osaka Summit will commence from today. Through the contribution to international challenge and issues solutions, like the sustainable growth of the world economy, I’d like to communicate a strong message: Without the cooperation of the U.S. and Japan, such work wouldn’t be possible.
Once again, I will say, the first state guest in the era of Reiwa, by you, was a historic event. I thank you for your visit. Through G20, we’d like to cooperate so that we can produce good results. Thank you.
PRESIDENT TRUMP: Well, thank you very much, Shinzo. It’s an honor. And we just left Japan, and now I’m back. (Laughter.) That was a quick trip, and it was a great honor to be your first guest. And meeting the Emperor and the Emperor’s family was, really, a very special thing on behalf of the United States.
And I can say we very much appreciate the courtesies — giving out the World Championship to the great sumo wrestler. (Laughter.) He was — you would not want to fight with him. He was great. But that was a very special evening and something that everybody is talking about. All over the world, they showed that. Everybody is talking about it.
But I just want to thank you. And I know we’re going to have a successful day. We’re going to be talking about many things, and we’re going to also be talking about a lot of trade. I appreciate the fact that you’re sending many automobile companies into Michigan, and Ohio, and Pennsylvania, and North Carolina — a lot of our states. I see they’re building all over the United States, a lot of the great Japanese car companies — and other Japanese companies also.
But in particular, the car companies have been terrific. They’re coming in and they’re building magnificent plants. We haven’t had that, and we very much appreciate it.
So we’ll be discussing trade. We’ll be discussing military. And we’ll be discussing the purchase of a lot of military equipment by Japan, and we appreciate that.
PRIME MINISTER ABE: (As interpreted.) It is indeed a great pleasure that I am able to convene this summit meeting of three countries: Japan, U.S., India. Three countries.
I think we three countries are the foundation of the peace and prosperity of the region. Free and open Indo-Pacific is something that we would like to strive toward, and I’d like to have closer coordination among three countries going forward.
Donald and Prime Minister Modi, I thank you for your cooperation to enable this summit meeting.
Now, please, Donald.
PRESIDENT TRUMP: Well, it’s a great honor to be here and with my two very good friends. We’ve gotten to know each other very well over the last short period of time. And you and I are going to be meeting separately after this meeting.
PRIME MINISTER MODI: Yes.
PRESIDENT TRUMP: But, Prime Minister Modi, thank you very much. And congratulations on your great victory.
PRIME MINISTER MODI: Thank you.
PRESIDENT TRUMP: I should say congratulations, really, to both, because Shinzō also had a great victory — a great electoral victory.
So, congratulations to both of you on the tremendous numbers, tremendous success, and tremendous popularity.
You’re doing a great job for your countries. And I’ll see you in a little while. I look forward to it.
PRIME MINISTER ABE: (As interpreted.) Thank you very much. Prime Minister Modi. I won victory in the presidential election of LDP.
And, Prime Minister Modi.
PRIME MINISTER MODI: I am very grateful to you that you have congratulated me for my victory in the elections. Japan, America, and India: JEI — J-E-I. Jai, in Hindi, means “victory.”
We are three countries that support democracy, and we met last time in Argentina and we had the opportunity to meet once again. This new forum — this forum of ours has received a new impetus, and there is a new faith and confidence in our relations. And I am sure that we’ll have meaningful discussions during our meeting.
We have common interests in the area of Indo-Pacific. We would like peace and stability in this region. We are committed to democracy, and therefore we would like a peaceful development and security in this region.
America’s dream has been to make America great again. And, in Japan, they have worked on the basis of Abenomics to take Japan to new heights. And India has called for collective efforts: inclusive growth, (inaudible), and “Make in India.” All our three countries have contributed in some way to the journey to us development in the world. I’m very grateful to you for hosting this meeting. Thank you very much.
Q Are you going to talk to Modi about trade?
PRESIDENT TRUMP: We’ll be talking trade. We’ll be talking about trade.
Q On the Japan auto tariffs, will you go ahead with the tariffs on the Japan automakers?
PRESIDENT TRUMP: We have a lot of things to talk about. It will be very positive. We have a lot of very positive news.
Q Will you be seeking assurances from Japan and India about Iran?
THE PRESIDENT: We have a lot of things to talk about.(LINK)
PRIME MINISTER MODI: (As interpreted.) Mr. President, at the beginning of my second term, I’m really very happy to have this opportunity to meet you. I would also like to express my gratitude after the huge democracy in India. The people of India gave us this huge victory — this landslide victory.
The people of India have reposed — have given me a second mandate. And immediately afterwards, after the victory in the elections, you called me over the telephone and congratulated me. And, two days ago, Secretary of State Pompeo carried a letter from you, which was a very warm letter. Also, it expressed the kind of sentiments that you have towards India, your love towards India. You expressed those issues. Once again, Mr. President, let me thank you.
Secretary Pompeo visited India two days ago. We had an opportunity to have discussions on many issues. Also, he carried, as I said a short while ago, your warm message. Given that we have a time limitation, in this meeting we would like to discuss four issues: Iran, 5G, bilateral relations, and defense relations.
The India-U.S. relations — we have a vision, which is far-sighted and positive. And India is committed to taking forward these relations within this far-sighted and positive vision. We will continuously strive to do so.
Once again, let me thank you, Mr. President, for having taken out time to meet me. Thank you.
PRESIDENT TRUMP: Well, thank you very much, Mr. Prime Minister. And we’ve become great friends, and our countries have never been closer. I can say that with surety. And we work together in many ways, including military. But we certainly work together on trade, and we’ll be discussing trade today.
You did indeed have a landslide election. That was a great election. Seventy-two percent, as I understand it. And that, in the United States, would be called a very big victory. And you deserve it. You’ve done a great job pulling everybody together. You had many factions.
I remember when you first took over, we were talking, and you had many factions and they were fighting with each other. And now they all get along. And you just — you’ve really brought it together, and I think it’s a fantastic tribute to you and your abilities.
Thank you very much for the relationship and the friendship. And I think we’re going to have a — some very big things to announce. A very big trade deal. We’re doing some very big things with India in terms of trade, in terms of manufacturing, in terms of — we will be discussing 5G. It’s a big subject nowadays, and other things having to do with like manner.
So, it’s been a lot of fun being with you. We’ve had some good talks already. And, again, I think you’ll be hearing some very productive elements come out.
We had a joint meeting with — as you know, as the press was there, we had a very successful meeting with Prime Minister Abe. And we also are going to be announcing some very big trade transactions, some very big trade deals. They’re moving many plants — auto plants — into the United States. And they announced some more this morning, and we’re very happy about that.
So, again, I want to thank you, and I want to congratulate you. And I look forward to talking. Thank you very much.
PRIME MINISTER MODI: Thank you. Thank you.
Q Mr. President, what is the most important thing for India to do on trade?
PRESIDENT TRUMP: I think we just — we’ll continue to get along with India. India is doing very well as a country. We’re doing very well as country.
We have picked up, as you know, many trillions of dollars in worth and value at the United States. And I think we consider, right now — we’ll be discussing it with Prime Minister Modi — the hottest — we’re the hottest country in the world, the United States, right now. And everybody wants a part of it.
A big factor and a big relationship is that of India, and so we’re going to be discussing many things. All very positive. I think you will see and you will hear it’s all very positive. The relationship with India, as I said, has, I don’t believe, ever been better than it is right now.
Q What’s your message on Huawei, sir?
PRESIDENT TRUMP: Well, it’s something we’re going to be talking about. We understand the subject very well. We actually sell Huawei many of its parts. A lot of people don’t know that, but the United States sells. We have great companies that are the leaders of a lot of what Huawei does, and we sell them a lot. So we’re going to be discussing that and also how India fits in. We’ll be discussing Huawei.
Q Mr. President, what will be your message on Iran?
PRESIDENT TRUMP: On who?
Q On Iran.
PRESIDENT TRUMP: Well, it’s the same message I’ve been telling you for the last three days. It’s — we have a lot of time. There’s no rush. They can take their time. There’s absolutely no time pressure. I think that in the end, hopefully, it’s going to work out. If it does, great. And if doesn’t, you’ll be hearing about it.
Thank you.
Q How long will you delay the census for, Mr. President? How long will you delay the census for, until we get the citizenship question on?
PRESIDENT TRUMP: Thank you very much everybody.(LINK)
Today the President with met Chancellor Angela Merkel of Germany to discuss a wide range of issues including Iran’s dangerous activity in the Middle East, stabilizing Libya and the Sahel region, and supporting economic reform in Ukraine. The two leaders also reviewed ongoing negotiations with China and establishing fair standards for global trade.
PRESIDENT TRUMP: Thank you very much. It’s great to be with Chancellor Merkel, a friend of mine — a great friend of mine. And we’ve had a terrific relationship.
The trade between Germany and the United States, I think, has reached a — pretty much a high level. We’ll see if we can do even better, but it’s reached a level that it’s never reached before.
And we have many things to talk about, and we have a long meeting scheduled. And we’ll be spending some time later on together also. But I just want to say she’s a fantastic person, a fantastic woman, and I’m glad to have her as a friend.
And thank you very much, Angela. Thank you.
CHANCELLOR MERKEL: Thank you.
PRESIDENT TRUMP: Thank you.
CHANCELLOR MERKEL: (As interpreted.) Thank you. Thank you very much. I very much look forward to our exchange today.
We have a lot on our agenda, especially the fact that German investment in the United States is very important. Not only bilateral trade is important but also German companies are investing a lot in the United States of America.
We’re going to talk about international issues, the developments on the international front too, especially about what has been happening in West Africa. We will be also talking about counterterrorism, and I very much look forward to that exchange. Of course, Iran will also be on our agenda today.
PRESIDENT TRUMP: I just passed a television set on the way here, and I saw that healthcare, and maximum healthcare, was given to 100 percent of the illegal immigrants coming into our country, by the Democrats. And, unfortunately, they didn’t discuss what they’re giving to American citizens. That’s not a good thing. So we just passed that, and then I came here.
And I will say that we’re going to have a very interesting time today.
You know, they have a debate going on. They had the first debate last night. Perhaps you saw it. It wasn’t very exciting — I can tell you that. And they have another one going on today. They definitely have plenty of candidates. That’s about it.
So I look forward to spending time with you rather than watching the debate.
Thank you.
Q President Trump, do you think Germany is living up to your expectations for them in terms of their defense commitments?
THE PRESIDENT: The Chancellor is a great friend of mine. She’s a great friend of mine.
Today, President Donald J. Trump met with President Vladimir Putin of Russia on the margins of the G20 Summit in Osaka, Japan. President Trump and President Putin reviewed the state of the bilateral relationship between the United States and Russia. Both leaders agreed that improved relations between the United States and Russia was in each countries’ mutual interest and the interest of the world. The Presidents agreed the two countries will continue discussion on a 21st century model of arms control, which President Trump stated as needing to include China. The leaders also discussed the situations in Iran, Syria, Venezuela, and Ukraine.
PRESIDENT TRUMP: Thank you very much everybody. It’s a great honor to be with President Putin, his representatives, my representatives.
We have many things to discuss, including trade, and including some disarmament and some — a little protectionism, perhaps, in a very positive way. And we’re going to discuss a lot of different things.
We’ve had great meetings. We have had a very, very good relationship. And we look forward to spending some pretty good time together. A lot of very positive things going to come out of the relationship.
So, Vladimir, thank you very much. Thank you.
PRESIDENT PUTIN: Thank you, Mr. President.
(As interpreted.) Well, I cannot but agree with Mr. President. We have something to discuss here. All the topics have been outlined. We haven’t seen each other since Helsinki meeting, although our teams have been together working and they gave us a great opportunity to follow up on that.
Thank you very much, both teams, for that. Thank you for your time.
PRESIDENT TRUMP: Thank you very much. Thank you.
Q Mr. President, will you tell Russia not to meddle in the 2020 election?
PRESIDENT TRUMP: Yes, of course, I will.
Don’t meddle in the election, President. Don’t meddle in the election.
Q Mr. President, are the Ukrainian ships still an issue in the relationship?
PRESIDENT TRUMP: We haven’t discussed it. We haven’t discussed it.(LINK)
President Trump delivers remarks on digital trade and the 5G networks:
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….. More to follow
Reuters Top News
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Leaders and attendees take part in a photo session at the #G20 summit in Osaka, Japan. More: https://reut.rs/2NiR6j8
Honored to join @SecPompeo & @POTUS in a meeting w/PM Abe to coordinate on critical matters that will strengthen the U.S.-Japan #Alliance . 日米同盟を強化する重要課題に連携して取り組む #日米首脳会談 に、トランプ大統領とポンペオ国務長官と出席でき光栄でした。#G20サミット#G20
From the Aspen Ideas Festival, recorded Tuesday, June 26, 2018. Jordan Peterson, author of the best-selling 12 Rules for Life: An Antidote to Chaos, may be one of the most famous intellectuals in North America today. He also may be among the most misunderstood. His fans say that he’s saved their lives, and detractors say that he’s the gateway drug to the alt-right. Who is this psychologist-philosopher whom so many of us had never heard of two years ago, and what does he really believe? Featuring Jordan Peterson in conversation with Bari Weiss. Hosted in the St. Regis Hotel Ballroom, Aspen, Colorado.
“In my kingdom, you have to run as fast as you can just to stay in the same place.” “Everything’s after you all the time & you aren’t smart enough to do anything about it.” Jordan Peterson Do you want to support his channel? Please go to his website located in the link below: https://jordanbpeterson.com/donate/ If you would like to support my channel Please go to https://www.subscribestar.com/thearch… Thank you for all your support. I truly appreciate all of you. Regardless of what your personal beliefs may be, we all have the right to speak and be heard. TheArchangel911
Well, I know you’ve written about Germany many times as the next big country in Euro to hit the skids…I kept with Italy for a long period BUT now it is neck and neck…
What changed my mind? Independent of your writings…. It is shipping…there are a significant amount of German banks in shipping finance and that sector is coming unglued fast and there is no reversal in sight… and with the car sector in Germany as you have noted Germany is coming up behind Italy rather fast IMHO….
IT is a 2 horse race in my book… Socrates already knows which country is going to hit skids first…
YEP, Turkey has a very bad smell under it… Some European banks exposure to Turkey is going to result in them getting their arses kicked. Just add in ECB stupid policy to help the problem… How that ex G Sachs person was named ECB head and there isn’t/hasn’t been a revolve from European banks towards HIM I’LL NEVER KNOW… THEY are asleep at the wheel over there in Euroland MA (and not just in Europe I might add.. try Australia also), Europeans sending billions to US of A only goes to show some investors know the game is up in Europe ..and now lies eco ruins and perhaps WAR.
Cheers and have a Happy Easter,
Thanks for everything..what a world we live in….
F
REPLY: As car sales drop sharply, shipping is also declining. The Baltic Dry Index appears to be in a position to rally with the turn in the ECM come 2020.
Austria was able to sell its second 100-year bond in history at just a yield of just over 1.00%. Some argue that capital has been forced to buy anything that has a yield which the ECB has been forcing negative interest rates. Why would anyone in their right mind buy a 100-year bond for 1%? The buyers appear to be pension funds who MUST own government debt as a matter of law.
Austria launched the sale of a 100-year bond on Tuesday after overwhelming investor interest gave its debt officials confidence it could become the first Eurozone country to sell a “century” bond publicly through a group of banks. There has been no paper on this part of the yield curve. Because of comments by Draghi, it is also expected that positive yielding paper will vanish in the Eurozone. As it stands, it will take investors 44 years to recoup their original capital. That will surely be a huge loss.
Austria is planning to sell the bonds via syndication to help access a wider base of investors. The banks involved are Bank of America Merrill Lynch, Erste Group, Goldman Sachs, NatWest Markets and Societe Generale. There is a serious problem brewing where as a matter of law pension fund must buy government paper and at low rates, the pension funds face massive failures going into the next 6 years.
Here is a tax story for you. I’m considering a summer sublet in Sedona AZ, and while I tried to sell all my CA property by the end of last year – well long story short I am still a landlord out here. So I was curious, what is it like to be a landlord in AZ these days in comparison? So I just did a search on it expecting well – nothing much. Shocker!
Guess what? AZ has a “privilege tax” – what is that privilege you say?
Well it is the privilege of doing business in Arizona! ta da!
Excerpt from Article Below:
Arizona transaction privilege tax is a tax on the privilege of doing business in Arizona. TPT applies when an owner of Arizona rental real estate is engaged in business under the residential rental classification by the Model City Tax Code.
If you rent Arizona residential real estate all payments made by the tenant or on behalf of the landlord are taxable.
Happy (Florida) Weekend,
A
ANSWER: Florida tends to be better for there are enough retired people here to keep the school taxes down and they present a stiff level of resistance to taxes. Believe it or not, I was shocked to see my property taxes go down. They are indexed to property values. However, there is a sales tax on rentals, not income taxes. This is a classic example. When you buy insurance it is typically named for the risk (fire, burglary, flood, etc.). However, when you buy death insurance, they called it “life insurance,” because no one is ready to buy death insurance. Here you have an income tax by just calling it a “privilege tax.” There are others who impose an occupation tax. That is a fixed tax depending upon your job to get around income taxes.
The G20 begins in Osaka, Japan, against the MASSIVE backdrop of the U.S-China geopolitical and economic confrontation. As the barking spiders jump stupid in Miami, the real center of world focus is on Osaka, Japan and President Trump -vs- Chairman Xi Jinping. There are tens-of-trillions at stake. – G20 Website –
The schedule for President Trump reflects a history of some serious background work that has led to this moment in time. Two years after the original ‘golden ticket’ tour of Asia, President Trump is reaffirming with strategic partners (PM Abe) and delivering key messages to those who yet have a role to play (PM Modi).
It is worth paying close attention to the economic nationalist coalition that President Trump has carefully assembled. [Watch Abe, Modi and Bolsonaro.] Remember, Osaka is 11 hours ahead of U.S. Eastern Time Zone.
8:25am Friday JDT / 7:25pm Thursday EDT – THE PRESIDENT arrives at INTEX Osaka, Osaka, Japan
♦8:30am Friday JDT / 7:30pm Thursday EDT – THE PRESIDENT participates in a bilateral meeting with the Prime Minister Shinzo Abe of Japan. Osaka, Japan
♦ 9:15am Friday JDT / 8:15pm Thursday EDT – THE PRESIDENT participates in a raretrilateral meeting with the Prime Minister Shinzo abe of Japan and Prime Minister Modi of the Republic of India, Osaka, Japan. This is the second trilateral with Modi and Abe.
♦9:35am Friday JDT / 8:35pm Thursday EDT – THE PRESIDENT participates in a bilateral meeting with the Prime Minister Modi of the Republic of India, Osaka, Japan.
Donald J. Trump
✔@realDonaldTrump
I look forward to speaking with Prime Minister Modi about the fact that India, for years having put very high Tariffs against the United States, just recently increased the Tariffs even further. This is unacceptable and the Tariffs must be withdrawn!
10:30am Friday JDT / 9:30pm Thursday EDT – THE PRESIDENT participates in a bilateral meeting with the Chancellor of the Federal Republic of Germany, Angela Merkel, Osaka, Japan
11:15am Friday JDT / 10:15pm Thursday EDT – THE PRESIDENT participates in an official welcome and family photo, Osaka, Japan
12:00pm Friday JDT / 11:00pm Thursday EDT – THE PRESIDENT participates in the G20 leaders’ special event on the Digital Economy, Osaka, Japan
12:20pm Friday JDT / 11:20pm Thursday EDT – THE PRESIDENT participates in a G20 working lunch on the Global Economy, Trade, and Investment, Osaka, Japan
2:00pm Friday JDT / 1:00am Friday EDT – THE PRESIDENT participates in a bilateral meeting with the President of the Russian Federation, Vladimir Putin, Osaka, Japan
♦3:30pm Friday JDT / 2:30am Friday EDT – THE PRESIDENT participates in a bilateral meeting with the President of the Federative Republic of Brazil, Jair Bolsonaro, Osaka, Japan
4:05pm Friday JDT / 3:05am Friday EDT – THE PRESIDENT departs INTEX Osaka en route to the hotel in Osaka, Japan
4:25pm Friday JDT / 3:25am Friday EDT – THE PRESIDENT arrives at the Hotel, Osaka, Japan
6:15pm Friday JDT / 5:15am Friday EDT – THE PRESIDENT departs the RON en route to Osaka Geihinkan, Osaka, Japan
6:30pm Friday JDT / 5:30am Friday EDT – THE PRESIDENT arrives at Osaka Geihinkan cultural theater, Osaka, Japan
6:35pm Friday JDT / 5:35am Friday EDT – THE PRESIDENT participates in the G20 cultural program, Osaka, Japan
9:05pm Friday JDT / 8:05am Friday EDT – THE PRESIDENT departs Osaka Geihinkan en route to the Hotel, Osaka, Japan
9:20pm Friday JDT / 8:20am Friday EDT – THE PRESIDENT arrives at the Hotel, Osaka, Japan
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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