Federal Judge Morrison England from the U.S. District Court in Sacramento, California, has blocked the implementation of a California law intended to force President Trump to release his tax returns in order to qualify for the federal election ballot.

The judge agreed with the argument the U.S. constitution and federal law outlines the qualifications for office.  The California law is suspended pending appeal.

California – A federal judge on Thursday temporarily suspended a California law aimed at forcing President Donald Trump to release tax returns ahead of the state’s March 3, 2020 primary.

Trump’s lawyers argued in court Thursday in the U.S. District Court in Sacramento that the law was unconstitutional because the federal government has jurisdiction over requirements for candidates running for president.

State attorneys are expected to appeal the decision from Judge Morrison England. Gov. Gavin Newsom signed the law in July. “We are encouraged that the federal court has tentatively concluded that a preliminary injunction should be granted,” said a statement from Jay Sekulow, an attorney representing the Trump campaign. “We look forward to the court’s written order. It remains our position that the law is unconstitutional because states are not permitted to add additional requirements for candidates for president, and that the law violated citizens’ 1st Amendment right of association.”  (read more)

Michael Pillsbury traveled to Hong Kong recently to help explain the goals and objectives of President Trump’s U.S-China trade position.  During an interview, Mr. Pillsbury warns Beijing interests not to interpret the current U.S. position as aggressive, because the dragon has yet to see the severe side to Trump’s position.

During an interview with the South China Morning Post, Pillsbury points out there are a great many more ways that President Trump is prepared to respond if the combative trade position from China remains hostile to any concessions.  This first option was their best option.  However, should they choose further trade conflict, President Trump will happily oblige.

CTH research on Trump’s outlook, vis-a-vis China, has led us to believe there is no upper limit to the economic weapons President Trump is willing to deploy; and considering that Pillsbury can be relied upon to deliver honest, accurate and deliberate remarks about the White House position, these warnings from a close advisor to the President should be weighted accordingly.

(South China Morning Post) – The United States is set to ramp up the pressure on China if a trade deal is not agreed soon, a key White House adviser said, adding that Washington has so far imposed only “low level tariffs” on the Asian giant.

Described by US President Donald Trump as “the leading authority on China”, Michael Pillsbury said in an interview in Hong Kong on Thursday that Trump had been “remarkably restrained in the pressure he has brought to bear on China in the trade field”.

“Does the president have options to escalate the trade war? Yes, the tariffs can be raised higher. These are low level tariffs that could go to 50 per cent or 100 per cent,” he said, adding that Trump’s critics were wrong to assume the president was “just bluffing” when he threatened an all-out trade war.

“There are other options involving the financial markets, Wall Street, you know, the president has a whole range of options,” he said.

[…] “I believe President Trump uses social media, especially on China, to convey his thinking. So I reject the idea that I or anyone else is some kind of adviser to him on China,” he said.

“His focus is revealed frequently in the tweets that I think everybody should take very seriously as presidential statements.” (read more)

President Trump has been brutally consistent for more than three decades on his intent and purpose with the Chinese.

President Trump is the first U.S. President to understand how the red dragon hides behind the panda mask.

There is no doubt in my mind that President Trump has a very well thought out long-term strategy regarding China. President Trump takes strategic messaging toward the people of china very importantly.

President Trump has, very publicly, complimented the friendship he feels toward President Xi Jinping; and praises Chairman Xi for his character, strength and purposeful leadership.

Historic Chinese geopolitical policy, vis-a-vis their totalitarian control over political sentiment (action) and diplomacy through silence, is evident in the strategic use of the space between carefully chosen words, not just the words themselves.

Each time China takes aggressive action (red dragon) China projects a panda face through silence and non-response to opinion of that action;…. and the action continues. The red dragon has a tendency to say one necessary thing publicly, while manipulating another necessary thing privately.  The Art of War.

President Trump is the first U.S. President to understand how the red dragon hides behind the panda mask.

It is specifically because he understands that Panda is a mask that President Trump messages warmth toward the Chinese people, and pours vociferous praise upon Xi Jinping, while simultaneously confronting the geopolitical doctrine of the Xi regime.

In essence Trump is mirroring the behavior of China while confronting their economic duplicity.

Additionally, while carrying out the objectives of the confrontation, Secretary Mnuchin, Secretary Ross, Ambassador Lighthizer and adviser Navarro are well aware of Beijing’s panda mask; POTUS Trump will never let them forget about it.

President Trump will not back down from his position; the U.S. holds all of the leverage and the issue must be addressed.  President Trump has waiting three decades for this moment.  This President and his team are entirely prepared for this.

We are finally confronting the geopolitical Red Dragon, China!

Some call it ‘Globalism vs Nationalism’, at other times it is best described as “Wall Street -vs- Main Street”; however, the overarching bigger picture is a battle over economics and the financial power structures that oppose President Trump.

CTH has often said ‘everything is about the economics’, because it is. Ask the ‘why’ question five times to any issue and you will find the root issue is money.  Power, greed and control, it is all about the money and the economics.

Opposition to President Trump’s singularly unique and transformational reset of the U.S. economic system boils down to a battle against the ‘Big Club’.

The process of U.S. Agriculture multinationals 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 multinational corporations are playing the role of OPEC and it’s not oil being controlled, it’s almost everything, including food.

Yes, President Trump, the man and his policy team, is an existential threat to the elitist hierarchy of things well beyond the borders of the DC Swamp. In the era of explaining the complex it’s a planetary economic reset almost too massive and consequential to encapsulate in words.

There are massive 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.

President Trump has single-handily, and purposefully, stalled the global economy and is forcing massive amounts of wealth back into the United States. In essence Titan Trump is engaged in a process of: (a) repatriating wealth (trade policy); (b) blocking exfiltration (main street policy); (c) creating new and modern economic alliances based on reciprocity; and (d) dismantling the post WWII Marshall plan for global trade and one-way tariffs.

Every minute element within this process, no matter how seemingly small, has President Trump’s full attention. He has assignments to many, but he relies upon none.

They say he’s one man. They say they have him outnumbered. Yet somehow, as unreal as it seems, he’s the one who appears to have them surrounded.

And they are beginning to realize he will win!

Fox News host Maria Bartiromo had Kevin McCarthy and Larry Kudlow on Fox Business to discuss the status of ratification for the USMCA agreement.   After McCarthy outlines the politics of Nancy Pelosi intentionally holding back the ratification vote, and states if the agreement is not passed prior to Thanksgiving it will not be done, Larry Kudlow follows up with a more optimistic outlook.

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Keep in mind, Speaker Pelosi doesn’t know that close trade followers are aware of her dealwith Justin Trudeau to hold back on ratification in an blatantly political effort. Here’s Kevin McCarthy’s full interview.

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The bottom line is that Nancy Pelosi is waiting and hoping to see the outcome of the Canadian election on October 21st. If Justin Trudeau loses the election in Canada there will be massive pressure on Pelosi.

As we previously pointed out, the October 21st election in Canada will be an influence.

Justin Trudeau made an agreement with Pelosi to stop the Canadian Parliament from considering ratification. If Trudeau loses the election October 21st, his replacement will likely move more quickly to ratify the USMCA, this will be a defeat for Pelosi.  However, if Trudeau wins, he will help keep the pressure off Pelosi by simultaneously stalling ratification in Canada.

This dynamic has yet to play out.

The U.S. multinationals on Wall Street do not want the USMCA to pass because they don’t want President Trump to have leverage that allows him to continue the fight against China and the EU. It is a simple dynamic, USMCA ratification makes the Wall Street prior investments in China worth less.

In all of these efforts U.S. multinational corporations, big companies on Wall St, are heavily opposed to President Trump because they have invested in those overseas operations. Those companies facilitated the loss of U.S. manufacturing jobs.

There is also now a clear alignment between those Wall Street multinationals, and democrats like Nancy Pelosi. Wall Street’s ability to pay Pelosi and political leadership to protect their multinational interests; in combination with corporate promises of funding to Pelosi’s party; has created the unholy alliance of united interests.

That’s why Nancy Pelosi instructed Justin Trudeau to stall the Canadian ratification of the USMCA. That’s the motive behind why Pelosi is working to stall, perhaps even eliminate, the USMCA ratification in the House.

It is a political strategy and calculation for Speaker Nancy Pelosi, and Minority Leader Chuck Schumer to attempt to sink the U.S. Main Street economy. Weakening Trump’s China confrontation; blocking the USMCA; and impeding a trade agreement between the U.S. and U.K. are part of that calculation.

The aligned interests of Wall Street, media pundits and Democrats are all contingent upon harming the U.S. economy. That is how severely ideological modern democrats are.

The democrats are willing to destroy Main Street in order to retain power.

There are trillions at stake.