More signs the U.S. economy is very strong show up today as several key economic indicators defy prior economist predictions. Staring with a significant upward revision by the Bureau of Economic Analysis for the third quarter GDP growth from 1.9% to 2.1%:
The revision to GDP reflected upward revisions to inventory investment, business investment, and consumer spending.
The increase in consumer spending reflected increases in both goods (notably recreational goods and vehicles as well as food and beverages) and in services (led by housing and utilities as well as food services). (link)
Additionally, the commerce department released data showing U.S. core capital goods orders increased 1.2% in November, the largest gain since January; and more data on home sales shows a whopping 31.6% increase year-over-year.
U.S. consumers and home buyers are benefiting from low inflation and significant blue collar wage gains that are an outcome of a growing economy and a very strong jobs market. The most significant wage growth is in non-supervisory positions. The economic strength is broad-based and the U.S. middle-class is confident.
U.S. core capital goods orders post biggest gain in nine months
New orders for key U.S.-made capital goods increased by the most in nine months in October and shipments rebounded, suggesting some stabilization in business investment after it contracted for two…
Well, well, well…. FOX Business’ Maria Bartiromo announced this morning that her sources are saying a USMCA vote is possible next week. This DC source reporting would align with our CTH spidey senses from the visible DC trade twitches.
Global warming (Agenda 21) | EXPOSED Global warming is a scam to introduce agenda 21/30. Don’t believe it? This video exposes the fact that global warming is a scam to introduce agenda 21 and 2030. At the end of this video you’ll know the absolute FACTS about global warming and that the EU and UN are pushing a hidden agenda. Sun and climate …
As Mayor of New York City, billionaire Michael Bloomberg was the quintessential statist.
Even though he ran as Republican, the ‘stop and frisker’ was more of a neocon than libertarian. He’s also very pro-abortion, pro illegal immigration, and pro-taxes. He’s known for creating a lot of rules and regulations. He wanted to ban salt at restaurants and Big Gulp sodas at fast food restaurants. He is for gun control and had banned smoking in public places. Bloomberg said government was ‘a force for good.’ Notice the word ‘force.’ Government is force, and like many tyrants, Bloomberg gets to decide what is good for us. The billionaire switched parties and became a Democrat, which is more in alignment with his views. That is, they all love a big, bloated, and meddlesome government that forces citizens to do their bidding.
His main passion doing something about ‘climate change.’ Washington Governor Jay Inslee also made that the number 1 priority in his campaign. He’s already dropped out. Americans don’t want globalism or a carbon tax.
We don’t want to be forced to buy electric cars and have cheap and clean-burning coal plants shut down. Bloomberg is trying to drum up fear—doom and gloom—in order to get action on ‘climate change.’ He wants the Green New Deal or some variation on that disaster. Most Americans know the climate changes—it’s called weather. They don’t want to lose their jobs or pay a carbon tax. They are too busy struggling to make ends meet to make it a top issue in their lives. Bloomberg doesn’t have that problem—he’s worth comfortable $58 billion dollars. He wants his planet saved! He wantshispopulace controlled!
Bloomberg saw Donald Trump a fellow billionaire become president against all odds. Perhaps he thought Trump won because he had a lot of campaign money at his disposal. Not so. Hillary outspent Trump 2 to 1 and still lost. Bloomberg has Trump Derangement Syndrome. Here’s one of his quotes:
“We cannot afford four more years of President Trump’s reckless and unethical actions. He represents an existential threat to our country and our values. If he wins another term in office, we may never recover from the damage.”
Bloomberg may not realize it, but Trump didn’t win because he was a billionaire. He won because he offered Americans a chance to get our Republic back. It was stolen by the Deep State and they are a very corrupt lot. They’re the swamp that Trump has promised to drain. Bloomberg is part of that swamp and that’s why he will lose.
Comparing the raw data that was adjusted in Australia, what has emerged is part of the worldwide conspiracy to reduce population. The original data at 60 of the oldest sites across Australia illustrates that the number of very hot days (40 degree c/104 F) is no different today than it was about 100 years ago.These people are determined to use climate to create hysteria in order to reduce population. What’s next? Castrate men for minor crimes and sew up women for parking violations or speed traps?
These climate extremists managed to get China to claim it would stop building coal-fired electrical plants, as they announced that they would cancel more than 100 coal power projects intended in the future. China has been the world’s largest greenhouse gas emitter. However, in the Shandong Province coastline, the once-suspended coal power projects have been revived. All the climate hysteria seems to be accomplishing is the fall of Western society. They have spread their propaganda to Europe, Australia, New Zealand, and North America. They have even told girls not to have children for they will have no future. It is curious that our model shows the shift in the financial capital of the world from the USA to China, but after 2032. This climate hysteria is probably part of this shift.
This climate hysteria is not being taken seriously outside Europe, Australia, New Zealand, and North America. Other nations see it as a plot to prevent them from joining the modern world where this technology they hate so much has increased the life expectancy and led to our more comfortable living conditions
More and more people in western Europe are talking about the coming civil war between the Muslims/Arabs and the Europeans. Guillaume Faye has even written a book about it. I personally believe that it will break out between 2025 and 2050 and that it will start in France. Me and my friends are looking for some place to go before it starts. We are looking at eastern Europe. Have your computer anything on this coming civil war?
Thank you for your hard work.
IR
ANSWER: Economics is at the root of the crisis. In 1844, tensions rose and there were gun battles on the streets in Philadelphia against the Irish Catholics. This occurred in the middle of a depression from the Panic of 1837 with the sovereign debt defaults by states. Religion was involved to some extent, but the argument became that the Irish immigrants were taking the jobs and were willing to work for less.
In this case, the refugees get handouts from the state and then the state raises taxes on the citizens. This still is fueling the tensions and there is indeed a risk of civil conflicts and separatist movements. This is also the period where we should expect more anti-establishment parties rising because people are losing their lifestyles thanks to the career politicians who have created an economic catastrophe.
According to an Infratest poll, 38 percent of Germans consider the media politically driven and 33 percent consider the media unbelievable. Despite the fact that the mainstream media keeps attacking Trump because he has called them “Fake News,” there is a growing discontent with news overall. Governments are manipulating the news and sites like Wikipedia to control the beliefs of the people to maintain the power that is beginning to slip through their fingers
Something is shaping up in the political background around the USMCA.
Yesterday Mexican President Andres Manuel Lopez-Obrador (AMLO) sent a second letterto House Speaker Nancy Pelosi urging USMCA ratification. Team Trump and Team AMLO are working together against Team Pelosi & AFL-CIO Richard Trumka.
Essentially AMLO has been saying the labor provisions within the USMCA trade pact are already being put in place by Mexico, and Pelosi should quit trying to hide behind labor concerns to avoid ratification.
Tomorrow, on the eve of Thanksgiving at the request of the Trump administration, U.S. Trade Representative Robert Lighthizer, Mexican Foreign Minister Jesus Seade and Canadian Deputy Minister Chrystia Freeland are holding a meeting to discuss the AFL-CIO/Pelosi issues within the USMCA labor provisions.
FM Chrystia Freeland is irrelevant to the meeting; she’s a potted-plant rubber stamp for whatever scheme Pelosi is cooking. It is House Speaker Pelosi who is using her pressure over labor unions to hide behind AFL-CIO Richard Trumka and claim U.S. labor unions have issues with the USMCA labor provisions. It ain’t about labor; it is all political cover.
However, it is interesting that USTR Lighthizer, a man with the patience of Job, called Jesus Seade and Freeland to DC:
WASHINGTON – The three trade ministers from the United States, Canada and Mexico are set to meet in Washington on Wednesday to discuss the deal to replace NAFTA, seven people familiar with the plans told POLITICO.
The meeting involving U.S. Trade Representative Robert Lighthizer, Deputy Canadian Prime Minister Chrystia Freeland and Mexican Undersecretary for North America Jesús Seade comes as the Trump administration is nearing a compromise with House Democrats to make changes to the USMCA.
Lighthizer has been negotiating with a group of nine House Democrats to address four main concerns involving the pact’s labor, environmental, enforcement and drug pricing provisions.
Any changes to the text would have to be approved by Canada and Mexico before the Trump administration can finalize the agreement and send it to Congress for a vote. Canada is expected to accept changes to the text without issue. (more)
In her effort to stall the growth of the North American economy, Speaker Pelosi has been trying to block the USMCA by demanding [falsely and with cover by Trumka (AFL-CIO)] that Mexico start a national Social Security program for all Mexican workers.
There’s a bucket load of political obfuscation on the issue, but that’s generally Pelosi’s intentional poison pill. Meanwhile Mexican President Lopez-Obrador has told Lighthizer that Pelosi can go drink a bucket of spit if she thinks the U.S. is going to dictate domestic economic policy to a sovereign country.
Now remember, the USMCA is an agreement between Lighthizer and Seade that Canada joined. The architecture of the agreement was exclusively the U.S. (Team Trump) working with Mexico (Team AMLO) when the deal was constructed in 2018. Canada joined after everything was already assembled; the deal hardly changed at all… you’ll see why.
My hunch is that Robert Lighthizer (Trump) has informed Jesus Seade (AMLO) that Pelosi is just trying to kill any USMCA compact simply because she is attempting to derail the U.S. economy for maximum 2020 political benefit (which she is).
This meeting is going to be Lighthizer and Seade extending some deal framework that will functionally stop Nancy Pelosi and Richard Trumka from making ridiculous claims.
Something akin to modified provisions within the agreement where Mexico agrees to a border enforcement mechanism if a labor dispute panel arbitrates a U.S. labor union challenge within the deal. A mini three nation binding arbitration trade panel of sorts (example: 2 from Canada, 2 from Mexico and 3 from U.S.). This panel would create faster labor/trade dispute resolution than going through an extensive multi-year court case.
There’s going to be paper here…. not talk… an actual papered outline. Trump wouldn’t be having Lighthizer call for Seade if he and AMLO had not already worked the paper.
This is a little weedy, and my hunch is that Lighthizer (Trump) is telling Seade (AMLO) the U.S. panel would be stacked in favor of Mexico [nudge-nudge, wink-wink, say-no-more, say-no-more]. An effort to cut-off Pelosi’s scheme to derail the agreement.
The multinationals are lined up and ready to go all-in, BIGLY, on North American investment that will benefit Mexico. There are tens-of-billions of private sector dollars ready to go, they just need to clear the insufferable Pelosi blockage.
TheLastRefuge@TheLastRefuge2
This is connected to USMCA and USTR Lighthizer discussions with Jesus Seale (on behalf of AMLO) back in 2018, when USMCA was being outlined.
This $44bn investment package is why AMLO has been willing to assist the Trump administration on border security etc. President Trump has leveraged major economic benefit to Mexico because in the larger picture the USMCA, in combination with prior ASEAN agreements, is the economic breech that drains China. However, to receive the benefits, Mexico has to be a stable partner on geopolitical issues including immigration, border security, internal corruption and dealing with drug cartels.
If all goes according to the Trump/AMLO plan Wall Street’s U.S. investment in China will have an alternative in Mexico, and that’s the cornerstone that allows President Trump to begin a more consequential decoupling with Beijing. [Insert India watching here]
Phase-One of the U.S-China deal, if cemented, will be the only phase; and that phase objective is simply constructed to fill the purchase void for the U.S. Agriculture Sector. China opens the financial sector and makes Ag purchases, in exchange POTUS stalls further tariffs on designated sectors that touch upon Phase-one agreements.
If the landscape ends were the compass is heading, there isn’t going to be a multi-sector (manufacturing, IP, big-tech, etc.) phase-two or phase-three deal in the U.S-China future. Instead there will be a decoupling of the U.S-China relationship in direct proportion to the opportunity opened within the U.S-Mexico alliance. [Insert Stock Market Stability Here]
This is the incentive for AMLO, via Jesus Seade, to work with Trump, via Lighthizer, to get Pelosi out of the picture. Once she’s out of the way, the big picture starts moving forward.
Chrystia Freeland and Justin Trudeau are irrelevant, Canada has already destroyed its manufacturing base and cannot enjoy the benefits of massive North American investment. Canada has consigned itself to be a service-driven economy living in the shadow of the U.S. and Mexico. If Canadian politics and social outlooks change later on, well… !
A curiously interesting development in the DOJ case against Michael Flynn. Judge Emmet Sullivan is weighing the merits of the Flynn defense Motion to Compel (MTC), which requests a significant amount of information on DOJ/FBI conduct in the lead-up to Flynn’s prosecution. A decision and court briefing was anticipated soon.
However, today the DOJ files a joint motion with the defense asking Judge Sullivan to suspend scheduled briefing dates and sentencing deadlines until after the DOJ inspector general report is published on December 9th. The implication is that some of the “Brady” material at issue; or tangential issues that touch upon the material; may be outlined in the upcoming IG report.
The joint motion asks for a delay to the briefing schedules, and a delay in the subsequent sentencing therein. The full motion is below:
President Trump travels to Sunrise, Florida today for a massive Keep America Great Rally at the BB&T Center. A bit of Trump trivia: during the early 2016 GOP primaries the 2016 MAGA rally at the BB&T Center, home of the NHL Florida Panthers, was one of the largest rallies of the campaign. The sold-out venue seats 20,000 and thousands more on floor.
The President is expected to deliver remarks at 7:00pm ET.
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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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