President Biden’s decision earlier on Monday to veto a bill that would have killed a Labor Department rule on environmental, social, and governance (ESG) investing, has effectively seized your pension and expropriated it directing it to invest in this failed green agenda. That is UNCONSTITUTIONAL and there needs to be an immediate class action suit brought against this outrageous agenda.
In the land of the most insane left-wing Democrats, California, CALPERS, the California pension system for state employees, was directed to invest in “GREEN” projects for political reasons and lost big time. They have been trying to cover-up their politically correct investment decisions ever since. Whenever a politician sticks their foot into how to invest money to carry out their own personal political agenda, not only is that UNCONSTITUTIONAL, but it is really criminal. They are expropriating your pension fund for their agenda.
The Takings Clause of the Fifth Amendment to the United States Constitution reads as follows: “Nor shall private property be taken for public use, without just compensation.” In understanding this provision, we must look to the “intent” of the law when enacted. The Clause was intended to uphold the principle that the government should not single out isolated individuals to bear excessive burdens, even in support of an important public good. What Biden and the Democrats have done is so unconstitutional it is no longer funny. Anyone who voted for this act is NOT qualified to be in Congress for they obviously are ignorant of the Constitution which they have sworn to uphold.
The Democrats, to further their climate agenda, have gone way too far. They have violated the Taking Clause and when this happens, the payment of “just compensation” provides a means of removing any special burden. That would be ALL losses incurred by this order are to be borne by the government. The most important statement of this principle is found in Armstrong v. United States 364 U.S. 40 (1960), where the Supreme Court wrote:
“The Fifth Amendment’s [Takings Clause] . . . was designed to bar Government from forcing some people alone to bear public burdens which, in all fairness and justice, should be borne by the public as a whole.”
Only two Senate Democrats voted with Republicans to overturn the rule on March 1st. Sen. Joe Manchin (D-W.Va.) called Biden’s decision “absolutely infuriating” in a statement remarking that the Biden administration is putting its “radical” and “progressive agenda” ahead of the country’s needs.
The point is that this is TOTALLY Unconstitutional. They can no more do that than order everyone must invest in an abortion clinic.
I have mentioned before, we have some of the largest funds in the entire world as our clients. We were actually asked if we could design a “green portfolio” where they did not lose money. A break-even would be fantastic. Biden has now undermined everyone’s retirement savings by making it illegal to consider risk factors that make NO investment sense.
Biden & the Democrats Have NO basis in law to seize your retirement funds to fund their radical leftist agenda! This has gone way too far!
In an interview on May 11, 2014, I explained on USAWatchdog that confidence always outweighs reality. “It’s basically what you believe. There have been all sorts of studies on fundamentals that say if interest rates go up, stocks go down. It is simply not true. The stock market has never peaked with interest rates twice in history. If you think you are going to make 25% in the market, you’ll pay 10% interest; but if you really think the market is only going to go up 10%, you won’t pay 10%. So, it’s always the difference between what you believe and reality.”
The people have lost all confidence in government. We have heard rumors of a “soft landing” from the Fed for the past year, but the situation continues to worsen. Washington maintains that everything is stable as banks continue to fail and inflation rages on. There can be no price stability when war is at play. Biden just released his latest budget plan that no reasonable person would condone. I explained in 2014 that great empires all come crashing down after piling on massive debt. People believe hyperinflation would cause such a scenario, but debt is the major player. Once the government accumulates enormous debt, it targets its citizens aggressively. That is what we are seeing today.
So where should you put your money? I said in 2014: “One of the number one questions I get all the time is where do I put my money? If the banks can just take whatever they want now, there will be bail-ins rather than bail-outs. People are afraid. What do you do with the cash? So, people are buying things like real estate and stocks, just trying to get money out of the banking system.” That sentiment is continuing and the latest CPI report even showed that shelter costs are rising at the highest rate since June 1982. Smart money has been trying to escape the banks for years. There was no incentive until very recently to park money in the banks due to artificially low rates.
I also explained that the Fed would only bail out deposits and had been asking institutions to change their models. “Everybody knows I advise some of the big institutions around, and I can tell you that they have told me directly that the Fed went to them and told them they will not be bailed out for proprietary trading. It will be only on deposits. That’s it,” I stated. “The Fed has been going around telling them, ‘hey, you better change your models.’ They don’t think it will be a flight to quality as it was before. You buy the long term (Treasuries) and that saves you. They don’t think that’s going to happen. It’s quite interesting. . . . It looks like the long term (Treasury bonds) is going to end up starting to rise.”
Sound familiar to the current situation? People have moved from the public sector into the private sector. We are well into a private wave, and the public will not go back to the public sector for many years to come.
COMMENT: Marty; Two former Merrill Lynch traders were each sentenced to a year and a day in prison Thursday for manipulating the precious metals markets, the US Department of Justice announced. Of course, —- —–, which is forever bullish metals, claims they moved the metals in the “direction they wanted from 2008 to 2014.” It just seems that people claim it is always manipulation when they have been wrong. They only look at gold in dollars as you have said it’s a global market. They would have to manipulate all the currencies as well.
This latest affair of so-called manipulating trades during the day proves what you have been saying. They have always been gunning for stops during the day, but they cannot manipulate the trend between a bull or bear market. Do you think people will ever understand this is a global economy?
HD
ANSWER: I know. Unless people have actually been a trader, they will never understand the market. They will blame people like this to pretend they were not wrong. The problem is that this nonsense of manipulation is driving a stake through the heart of the market. Trading is like a poker game. Do you reveal your hand before everyone starts to bet? Sometimes you bluff, but the point is if you are bluffing, you have to stand behind your bet.
The mere fact that someone is blaming this type of “manipulation” for being the reason they have been wrong demonstrates that they know nothing about investing no less trading. The DOJ is now big on calling placing large “spoof” orders as manipulation. That is absurd and it is no more than bluffing in a poker game. This is the way all the markets have always functioned. Everyone would know where the stops were anyway. Sometimes they traded ahead of them using the stops as your risk point to exit the trade, and other times they would sell or buy to push the market through the stops when it was obvious that was even possible.
When I was trading in precious metals back in the ’90s, the biggest “local” dealer on the floor was Oni Morrison. He would do “spoof” orders all the time which I called “flash” bids or offers. The difference was he was good for it if hit. I was long one time in gold and I wanted out for the computer projected a crash was coming. But if you offer a thousand lots and the market was heading lower, everyone will read that and jump in front of you. That is how the Hunts went bankrupt. The Hunts did not know how to trade. Just as in poker, you cannot show your hand and expect to trade.
Oni would do “flash” bids or offers. I told my broker not to offer anything. I told him just to watch Oni and as soon as he would do a 1,000 flash to buy – say done! Sure enough, Oni was trying to push the market back up and he did one of his famous flash bids for 1,000 lots. My broker, Emerald Trading, instantly said “DONE!” Oni did it again, and they said “DONE!” Again he did a fash for 1,000 and again they said “DONE!” That was it. Oni was full and everyone began selling as the metals tumbled.
That is the way you have to trade SIZE. This is the very foundation of trading all markets for everything is just a poker game. To now call a “spoof” trade manipulation is just wrong. It is totally different when you do not have the backing. Now that would be a fraud and trying to manipulate the market for that moment – not changing the overall trend. But when you have the backing to honor your “spoof” it is just a “flash” bid or offer that you must stand behind when hit. That is just trading.
It is total BS to pretend that these guys manipulated the entire market. That is just absurd. Not even the central bank can manipulate the economy. You cannot “manipulate” a market against the trend for everything is connected. That caused the Panic of 1893 when the Silver Democrats overpriced silver. The Europeans hit the arbitrage and dumped silver in the US and took the gold back to Europe. That led J.P. Morgan to have to arrange a $100 million gold loan to bail out the treasury. That alone proved that you CANNOT manipulate ANY market against its trend for it will be arbitraged internationally – plain & simple.
Gold trading around the world in different exchanges is arbitraged. You cannot have gold $20 high in one market v another. It will be arbitraged instantly. Those who claim this as “proof” that the metals have been manipulated so that is why they have not rallied and why they have been wrong are fools who have been separated from the money. They will never understand the markets no less be able to see beyond the end of their nose. It will be instantly arbitraged.
The collapse of the Soloman Brothers was precisely that. They were putting in bids at the Treasury Auction using other people’s names to goose the market. They got caught and the firm was taken down. I know PhiBro from the ’70s and ’80s. They took over Solomon Brothers and brought that style of trading from the commodity pits to Wall Street.
This excuse by goldbugs that the metals were actually “manipulated” in their long-term trend, shows their hopeless ignorance of the markets and how they even trade. There is NOBODY who could possibly do such a thing for everything connected. As soon as the dollar would rise, the metals in terms of foreign currency would be so overvalued they would all sell and they will end up broke the same as the Silver Democrats bankrupted the country by overvaluing silver.
Trading internationally, with clients in all currencies, we have to look at each market in terms of their currency for that will determine if they made a profit or loss. Anyone who claims the metals have been manipulated and that is why they have not rallied is obviously oblivious to the world around them.
Gold does NOT rise with inflation – that is the sales pitch of a used car salesman. Gold rises in times of UNCERTAINTY with respect to the government. In times of war, it rises because it is NEUTRAL and you are not betting on who will win.
All we hear is that the debt is rising and therefore gold will explode. Once again, they offer no proof of their sophistry because there is no such proof. Gold declined for 19 years while the national debt climbed endlessly.
Then there is the myth about interest rates and gold that higher rates are bearish and lower rates are bullish. Well, interest rates peaked in 1981 and declined in 1994 before they began to rise marginally into 1995. Yet then contrast that myth with the performance of the dollar. There the greenback rose to a record high in 1985 but then declined for 10 years into 1995 all the while gold declined into 1999.
OK, so now let’s look at gold between 1980 and 200 in terms of Swiss francs and British pounds. We can instantly see that gold bottomed in 1985 in terms of the Swiss franc. In terms of British pounds, gold did not bottom until 1999.
People come up with theories all the time. However, they always try to reduce everything to a single cause and effect. They are doing that with climate change. They are telling the world it is CO2 that has changed the climate without ever addressing anything else.
The world we live in is not only complex, but it is also so dynamic it appears that no human can correctly forecast the future with an “I think” scenario. Sometimes they will be right, and others they will be wrong. Typically, they fail because they try to reduce the world to a single cause and effect.
Gold Rises with UNCERTAINTY with respect to the question of will the government survive its own madness.
The Biden Administration is responding to the panic phone calls that their Marxist philosophy will bring down the entire financial system. My ear is red as can be. I have had enough of the phone calls today to last the balance of the month. Trying just to do the right thing! Three banks have effectively gone down in the week of March 6th, which our computer was targeting. There have been Silicon Vally Bank, Signature Bank, and Silvergat Bank.
The Regulators perhaps saw the handwriting on the wall. This NO BAILOUT claiming that no taxpayer money will be used for a bailout of their hated rich, how about just using the taxpayer’s money you are throwing down the train in Ukraine? Depositors in Signature and SVB they are now saying would be made whole. If they do not cover ALL deposits, the monumental banking failure will be catastrophic.
Our forecast for a Banking Crisis is by NO MEANS confined to the United States. It will be far worse in Europe. We can see our computer not only targeted 2023 for a key turning point with a Directional Change but a Panic Cycle next year in bank stocks, but interest rates will be rising higher as also the risk of banks and governments escalated especially when they insist on waging war against Russia.
The yield curve is critical and we must understand that this insane war against Russia, even economically, will be a major financial disaster not much different from Vietnam which brought down Bretton Woods and forced Nixon to close the gold window on August 15th, 1971. It was that unrestrained spending directed by the Neocons. Then too, it was all about Russia they assumed was behind Vietnam.
Once more, the reckless spending on war promoted by the Neocons is undermining the entire economy. They have lost every war they have promoted – Vietnam, Afghanistan, Iraq, proposed Syria, Libya regime change, and now Ukraine. These people are never held accountable for all the devastation and the lives lost.
War is the primary driver of inflation and the central banks will not even address it for they do not want to “criticize” the Neocons. They might wake up with their dog’s head in the bed as in the Godfather. The central banks will NOT be able to contain this inflation or ever reach their 2% target regardless if the economy turns down just as what happened during Vietnam.
This is a warning to all small banks. Understand the REAL trend or you will NOT survive. Major capital is fleeing the long-term and rising into the short-term because they see rates are rising and any long-term bond investment during a period of war is going to be a major losing trade. Do not get trapped by the yield curve and understand that this trend is in play into 2025.
This Banking Crisis has been caused by Governments who artificially kept interest rates too low since 2008 and in the process, this banking crisis is unfolding because too many banks are UNSOPHISTICATED in forecasting and have been listening to the talking heads on TV and the desperate hope that inflation will decline while ignoring Ukraine entirely. Get that wrong – and you will NOT survive.
I strongly urge small banks to take our business services for access to real forecasting that is not biased or tarnished by human opinion with the two most dangerous words in forecasting:
COMMENT #1: Marty; Thank you so much for your warning at the WEC that we would now face a banking crisis with rising rates into 2024. You are always so far ahead of the pack. Live forever – please!
KQ
REPLY #1: Thank you, but that would sentence me to perpetual taxation indefinitely. No thanks.
COMMENT #2: Hello. I read your FREE blog because I am poor. Would you please stop posting PRIVATE stuff and post stuff that us peons can read?
Thank you kindly.
Ms. Terri
REPLY #2: My concern is since we forecast this last year, they will only blame me. That blog is only $15 a month, but it is blocked by Google so it is more free speech if you get my drift. I simple MUST be guarded in what I say publicly because they simply always view me as having too much influence.
I will offer this recommendation (publicly) for my ear is turning red from all the phone calls. As for the Biden Administration, if they DO NOT heed my warning, our forecast will be devastating. The Biden Administration MUST stand behind ALL deposits – not the $250,000 FDIC limit. If they do not, small businesses will pul; excess cash from banks, switch to 30-day T-Bills at a brokerage house, and say screw the FDIC and the Biden Administration’s anti-rich (small business which employs 70% of the workforce).
The compromise here is that we need a shotgun wedding where a larger bank takes over SVB at the raw price of the deposits. The shareholder loses, but ALL depositors are covered. Any value of the shares should be attributed to tangible assets only, not goodwill. You will penalize your “hated rich” and even the small businesses will be saved. If not, you will wipe out numerous businesses that cannot even pay employees. That will set off a contagion as you try to uphold your hatred of the “rich” while you pour money into the most corrupt government in the world at the real expense of taxpayers.
Of course, SVB can simply declare they “identify” as a Ukrainian Bank and then everything would be covered right down to the pensions of the CEO.
QUESTION: Thank you for the interesting update on Crude & Natural Gas previously. Since Feb was a Directional Change and March is a turning point, then the cycle inversion for a March high rather than a low looks still choppy with no breakout. Since electric car demand has peaked, the Fed seems determined to get inflation down to 2% if it kills the world economy. Then the decline in supply is not having the expected rise in prices as one would expect. Can you explain this paradox?
Thank you
JV
ANSWER: Yes the Directional Change in Crude for February warned that we would bounce rather than decline. There was a slight possibility of an early low in March and a swing up perhaps on geopolitical news. But that has not played out.
It appears that Ukraine is losing so there may be a bigger question of how the United States handles yet another loss – Vietnam, Afghanistan, and Iraq where removing Saddam led to religious wars. Note that the Fed began raising rates as soon as Russia invaded to protect the Donbas. Despite claiming it was for inflation, the Fed knows too well that inflation rises with war. They acted when Russia made its move understanding that this proxy war would accelerate inflation.
Crude took the nose-dive when Biden seized power as the general public believed he would end fossil fuels since that was what he said during his campaign. However, it soon became apparent that he was putting the cart before the horse and the shortages he set in motion led to to sharp price increases but this was part of the entire lockdown nonsense. The lockdowns led to a robust bounce in prices with the shortages only because everyone was artificially held in home imprisonment.
Post March 2022, we have the Fed raising interest rates, and the economy taking a real nose dive in the Democratic state with the most stringent COVID restrictions, so this time we have shortages with declining economic activity. The COVID lockdowns have substantially altered the economy and many are working virtually from home. Vacancies in office space in NYC have exceeded 15% and rising. Many stores are still boarded up.
The Paradox is that previously we were all in prison. So we rushed out and tried to do everything we were not allowed to do before. Post-March 2022, now we have a declining economic situation so we have declining demand combined with declining supply. At this point, the 2020 low should hold and we should be entering a bull market into 2033. However, I would expect the trend will become more robust with war where we also have a Panic Cycle in 2025.
The timing targets never change. What is produced be it a high or low is always subject to interpretation ahead of events. Still, the timing is fixed.
Posted originally on the CTH on February 28, 2023 | Sundance
It’s not just the United Kingdom, but as we await the latest figures from monthly U.S. data, the statistics from the U.K. are hitting the newswires. According to Reuters, food inflation in the U.K. is currently 17.1% The primary driver of the skyrocketing food costs is the energy cost associated with the fast turnover categories.
With prices increasing 17.1% yet net sales only increasing 8.1%, there is a substantial impact in unit food sales. British customers are buying much less to offset the fact they are paying much more. This trend is not just in the U.K. we have seen the same trend in U.S. data as families are being squeezed at the grocery store.
The prices on name branded products like Kraft and Heinz are leading the escalating food prices. Just last week I noticed 6oz Kraft Philadelphia cream cheese was $6.99, and a 24 oz. bottle of Heinz ketchup at over $8. Dairy products are leading the way with the most rapid increases in price. It appears that we are entering the fourth wave of food inflation currently.
LONDON, Feb 28 (Reuters) – British grocery inflation hit 17.1% in the four weeks to Feb. 19, another record high, dealing the latest blow to consumers struggling with a cost-of-living crisis, industry data showed on Tuesday.
Market researcher Kantar said prices are rising fastest in markets such as milk, eggs and margarine. It said UK households now face an additional 811 pounds ($978) on their annual shopping bills if they don’t change their behaviour to cut costs.
“This February marks a full year since monthly grocery inflation climbed above 4%. This is having a big impact on people’s lives,” Fraser McKevitt, head of retail and consumer insight at Kantar, said.
He said its research found that rising grocery prices are the second most important financial issue for the public behind energy costs. Also a quarter of people say they’re struggling financially, versus one in five this time last year.
[…] Kantar said that sales of own label products were up by 13.2% in February, well ahead of growth in branded products, which are generally more expensive, of 4.6%.
Kantar said UK grocery sales increased 8.1% over the 12 weeks to Feb. 19, masking a drop in volumes when accounting for inflation. (read more)
The last estimate for U.S. data (January ’23) is in the chart below. We should get the February data the first week in March.
Posted originally on the CTH on February 20, 2023 | Sundance
Yikes, this place was a foundry so you can imagine flying molten metals and debris. Scary stuff.
According to News5 Cleveland, one person was killed, and more than a dozen injured when the I. Schumann & Co, brass and alloy manufacturer plant exploded. Video footage shows the aftermath {Direct Rumble Link}
News5 – Authorities responded to a manufacturing business near Bedford Monday afternoon after a massive explosion caused fires and blew debris over neighboring businesses, streets and cars. Multiple injuries have been reported.
It happened at I. Schumann & Co., located in the 22500 block of Alexander Road in Oakwood. The business is a brass and bronze alloy manufacturer.
The company released the following statement about the explosion:
“An explosion of unknown origin struck our Bedford, Ohio facility today resulting in injuries to employees and significant damage to the facility. Our efforts now are focused on supporting the first responders who came on scene quickly to help our employees. The safety and health of our employees is our top priority and we commit to ensuring they receive the medical care they need. We will work alongside investigators in their search for answers as part of our commitment to Northeast Ohio where we have been operating for more than 100 years. Our thoughts and prayers are with our team members and their families at this difficult time.”
It’s unclear what caused the explosion. Witnesses told News 5 there were two explosions. A small explosion happened first, and a second, stronger one happened around 2:30 p.m.
Authorities said there were multiple burn victims taken from inside the plant to a nearby hospital. One person was taken by LifeFlight helicopter and flown to a hospital for treatment. There were at least 14 people injured in the explosion. One person, a 46-year-old man, has died, according to the Cuyahoga County Medical Examiner’s Office.
Oakwood Fire Department officials said the cause of the explosion is under investigation but called the facility a “relatively safe plant.” (read more)
There has been a rash of multiple industrial fires and explosions in the past few weeks, including the train derailment of toxic chemicals in nearby Palestine, Ohio.
Posted originally on the CTH on February 12, 2023 | Sundanc
It’s not just random data points. It is an alignment of multiple datapoints, appearing at random intervals, that all align in one very specific direction.
The key is being able to spot them. WATCH (1 min):
[BACKGROUND] … “This is where the RGA looks to have been recruited for a larger role in 2024 than was deployed in 2016. Keep an eye on Republican governors and how they position their advocacy and endorsements.” {GO DEEP}
An ideological alignment of individual people, institutions and organizations working in concert toward a common goal is not a conspiracy. Once the objective of the common interest is identified, all benefactory components operate individually. What becomes visible is the similarity of the actions.
This is where we see patterns and common actions taken toward a common goal. This reality is the context to understand how the political dynamic is constructed in opposition to Donald Trump, and more specifically how the America First policy platform of Presidential candidate Donald Trump is viewed as a common threat.
Individuals, institutions, government ‘stakeholders’, and generally all status-quo interests stand in opposition, as reflected in the historic Niccolò Machiavelli quote:
“It must be remembered that 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.”
When the new system is constructed to the benefit of the many yet disrupts the status of the few (the proverbial elite) who benefit from retention of the old, those in the at-risk minority must pretend not to know things. Additionally, through passive aggressive undermining that same elite group frame their opposition to provide themselves plausible deniability.
It is in this political mix of eclectic interests where a person needs an intellectual filtration system, tuned to the granular nuances, in order to make sense of the landscape and see the big picture.
Posted Originally on the CTH on February 12, 2023 | Sundance
If you accept the likelihood of the 2024 Wall Street Republican roadmap being the defining difference between 2016 and 2024, then you can easily see how the Republican Governor’s Association (RGA), the state level system where the policy of GOP governors are purchased by big money, will be the driving influence. It is into this mixed manipulation where New Hampshire Governor Chris Sununu becomes of strategic value.
Someone has to try and maintain the narrative of “free markets” as a Republican priority, enter Chris Sununu. Readers here and middle-class workers of America have decades of experience seeing exactly what the outcome of Republican “free market” capitalism creates. Selling out the U.S. worker and manufacturing base in favor of globalism, multinational corporate exploitation and profits at any cost are the result. In modern economic reality, there is no such thing as a “free market,” there are only controlled markets {GO DEEP}.
Pushing the conservative ‘free market’ narrative, the corporate controlled Chris Sununu appears on Face the Nation to gaslight the base republican voter with old catchphrases that used to work; they no longer do. People can now see through the rustbelt prism and identify the destruction created by the Wall Street funded UniParty apparatus. This is what 2024 presidential candidate Chris Sununu is trying to lie about. However, no republican candidate is an economic nationalist, except President Donald Trump. WATCH:
[Transcript] – MARGARET BRENNAN: Welcome back to Face the Nation. We’re joined now by the Republican governor of New Hampshire, Chris Sununu. And it’s good to have you here…
GOVERNOR CHRIS SUNUNU (R-New Hampshire): Thanks.
MARGARET BRENNAN: … in person.
GOVERNOR CHRIS SUNUNU: Great to be here. Better here than the rest of Washington, because this whole town gives me the — it gives me the chills sometimes.
(LAUGHTER)
MARGARET BRENNAN: Well, you might need to go get over that if you’re going to run for 1600 Pennsylvania Avenue, as, apparently, you are considering doing.
GOVERNOR CHRIS SUNUNU: Well, look, a lot of opportunity to change things, right?
I think New Hampshire has this awesome model of live free or die, limited government, local control, individual responsibility, really putting the voters first, send them some money, which is nice, but send them the regulatory authority too.
So a little decentralizing out of Washington and maybe a little better attitude would be — would be a good thing for America.
MARGARET BRENNAN: What’s the proactive reason you want to be president, not something that President Biden is doing wrong…
GOVERNOR CHRIS SUNUNU: Sure.
MARGARET BRENNAN: … but something you want to achieve?
GOVERNOR CHRIS SUNUNU: Yes, which is the right question you’re asking, by the way, because I — it drives me crazy when Republicans talk in an echo chamber about how bad the president is, and Democrats.
We got the memo, as Republicans. You got to be for something. What I’m trying to do is kind of show that New Hampshire model, show the opportunity to get stuff done. I have had Republicans in my legislature. I have Democrats in my legislature. I always get my conservative agendas done.
We always cut taxes. We always balance a budget. And I can explain to folks in Washington what a balanced budget actually means. So, there are paths. And I think America is looking for results. We need results-driven leadership, not just leadership that…
MARGARET BRENNAN: Like what?
GOVERNOR CHRIS SUNUNU: Look, whether it’s cutting taxes, being pro- business, the regulatory reform, the immigration stuff that we were told was going to happen in 2017 and 2018 as Republicans, and it didn’t.
We were told health care reform would happen. It didn’t. We were told we were going to secure the border, and we didn’t. So, there’s all this great opportunity that has a domino effect. They’re not just things to check off a list, but those things have huge impacts on the American economy and, most importantly, American families, right?
They just want flexibility to do what they do. And, frankly, they’re tired of the nonsense in D.C. They’re tired of — of extreme candidates. They’re tired of gridlock. They want somebody to come to the table. And it could be myself. It could be other governors. It could — but it has to be leadership with proven results.
MARGARET BRENNAN: Yes.
GOVERNOR CHRIS SUNUNU: I have been in the private sector as an engineer and a business leader. I have been in the public sector. You got to be able to deliver.
And you got to, hopefully, be inspirational and hopeful, as opposed to all this negativity you see.
MARGARET BRENNAN: But you still have to get the Congress to work with you to do that very long laundry list of things you just read off to us.
So, when you were here in November, you told us that President Biden would not run for president, in your estimation. You just saw him up close for the past few days.
GOVERNOR CHRIS SUNUNU: Yes.
MARGARET BRENNAN: Is that still what you believe?
GOVERNOR CHRIS SUNUNU: Well, I know other people will definitely run. They’re going to get in the race.
MARGARET BRENNAN: Democrats, you believe, will challenge him?
GOVERNOR CHRIS SUNUNU: Oh, absolutely, yes, yes, because…
MARGARET BRENNAN: Why do you say that? Did someone tell you that in the last few days?
GOVERNOR CHRIS SUNUNU: Well, Joe Biden has tried to move the first-in-the- nation primary from New Hampshire, right? But we’re going to — we’re going first, whether the president likes it or not.
And so that’s going to be a huge opportunity for anybody who wants to step up and challenge him. And if you look at the polls across the country, the average Democrat says, yes, thanks for your service on one term, but let’s keep it to one term, President Biden.
And I just don’t believe the Democrat left-wing elite is going to sit on the sidelines, knowing you could come to New Hampshire, get all the earned media, all the attention…
MARGARET BRENNAN: OK.
GOVERNOR CHRIS SUNUNU: … without a whole lot of money, all that political momentum. He’s opened up his political flank, so to say, to give someone else a huge opportunity to charge right through and take that nomination from him.
MARGARET BRENNAN: Well, we’ll see if your — if your projection plays out.
You’ve been talking about trying to sort of remind the party that Republicans are about limited government.
GOVERNOR CHRIS SUNUNU: Yes.
MARGARET BRENNAN: You said recently: “Republicans are almost trying to outdo Democrats at their own game of being big government and having a solution and a say on everything.”
Who were you thinking of when you say that?
GOVERNOR CHRIS SUNUNU: Oh, there’s a lot — look, I think there’s a lot of leadership out there that forget — that forgets.
At heart, I’m a principled free market conservative. Let the markets decide. So there’s no individual, per se, but there’s a lot of leadership that says, you know what, when we’re not getting that result out of a private business or locality, we’ll just impose from the top down our conservative will.
MARGARET BRENNAN: You’re not talking…
GOVERNOR CHRIS SUNUNU: Yes.
MARGARET BRENNAN: … about the Florida governor and Disney, for example, are you?
GOVERNOR CHRIS SUNUNU: Well, that’s a bad example. Yes, that’s — that’s an example, one of the many examples you see out there.
MARGARET BRENNAN: Ron DeSantis may be running for president as well.
GOVERNOR CHRIS SUNUNU: Sure. Yes.
Yes, look, Ron’s a very good governor. He is. But I’m just trying to remind folks what we are at our core. And if we’re trying to beat the Democrats at being big government authoritarians, remember what’s going to happen. Eventually, they’ll have power in a state or in a position, and then they’ll start penalizing conservative businesses and conservative nonprofits and conservative ideas.
That is the worst precedent in the world. That’s exactly what the founding fathers tried not to — tried to avoid. And so I’m trying to remind my conservative friends about federalism, free markets, and being for the voter first, being for the individual.
Do I like what every private business says? No, I hate this woke cancel culture. But it’s a cultural…
MARGARET BRENNAN: What does that mean to you then?
GOVERNOR CHRIS SUNUNU: Woke cancel culture?
MARGARET BRENNAN: Yes.
GOVERNOR CHRIS SUNUNU: Oh, it’s — it’s — look, it’s…
MARGARET BRENNAN: Because you’re not a culture warrior, really.
GOVERNOR CHRIS SUNUNU: No, no, no. No, but it’s there.
MARGARET BRENNAN: What does woke cult — what does that mean in your platform?
GOVERNOR CHRIS SUNUNU: It’s the — it’s the divisiveness — divisiveness we see not just in our schools, but in our communities, where it is me vs. you, whereas, if you are not adhering to my ideals, then I’m going to cancel you out.
It is us vs. them. It is this binary where everything’s a war. That’s a cultural problem we have to fix in America. And it starts with good leadership, good messaging, more hopeful and optimistic. But government never solves a cultural problem.
MARGARET BRENNAN: OK. Well…
GOVERNOR CHRIS SUNUNU: We can lead on it, but we never solve it.
MARGARET BRENNAN: Interesting idea, but you are contradicted by the Republican governor of Arkansas, who gave the response for your party after the State of the Union, who embraced culture war.
She says America’s in one.
GOVERNOR CHRIS SUNUNU: Yes, we are.
MARGARET BRENNAN: She says it’s been waged by the left wing, “a woke mob that can’t even tell you what a woman is.”
GOVERNOR CHRIS SUNUNU: That’s absolutely right. And that’s…
MARGARET BRENNAN: I mean, are you going to engage on things like this, like — like Sanders and DeSantis has in terms of issues on gender and issues of race?
GOVERNOR CHRIS SUNUNU: There should be absolute leadership on that about what that’s about.
And this idea that you have to — you know, we have forced language, that we have forced ideas on our kids, that we’re going to force anything…
MARGARET BRENNAN: So you are going to be a culture warrior?
GOVERNOR CHRIS SUNUNU: No, we have to talk about that, but it isn’t the government’s role to solve it.
The government is not here to solve your problems. It’s not. The government is here to include as many…
(CROSSTALK)
MARGARET BRENNAN: So, governors shouldn’t be actually talking and engaging and telling school boards and doing things like this or trying to pass laws like they are?
GOVERNOR CHRIS SUNUNU: I don’t think governors should be trying to pass laws to subvert the will of the voters that know better than us.
Voters are — know more than I do. The voters on that school board know, the voters in those towns know a lot more. And if — that’s the free market of politics. If they don’t like the school board, they get — they go to a town meeting, they fire them.
MARGARET BRENNAN: You are — you call yourself a pro-choice Republican.
You still have to win in a Republican primary.
GOVERNOR CHRIS SUNUNU: Sure.
MARGARET BRENNAN: Is there room for someone who calls himself a pro-choice Republican?
GOVERNOR CHRIS SUNUNU: Oh, yes, look, that issue is — look, that issue is going to change three different ways now that Dobbs has happened, right? States can decide what they want to do, right?
So, I think the definition of pro-life and pro-choice and pro-abortion are — are going to be very different, because if you’re a pro-life Republican, that’s fine. That’s — as a governor, you can do that. You can ban it in your state, and you can stay — stand behind those ideals. And maybe that’s exactly what your state wants. No problem.
I’m a pro-choice Republican in a very pro-choice state. But, at the end of the day, you’re going to have the pro-lifer over here…
MARGARET BRENNAN: Yes.
GOVERNOR CHRIS SUNUNU: .. pro-abortion over here, and then the rest of us are, well, we have a 24-week ban, and you have a 22-week…
MARGARET BRENNAN: Yes.
GOVERNOR CHRIS SUNUNU: … and an 18-week ban.
So, the rest of us are kind of in this spectrum of debating about weeks. So that the whole conversation is going to change.
MARGARET BRENNAN: We want to talk about some of these issues in-depth with you in a moment, so stay with us, Governor.
And we’re going to bring in a panel of bipartisan governors with us.
Positive debate on solutions and constructive criticism of approach is always appropriate for our elected officials; heck, that is the essence of our discussion. However, recently there have been many critics of President Trump; many people only just now understanding the problem and proclaiming that President Trump specifically did not do enough to block, impede, stop and counteract the globalist forces that were/are aligned against his effort to Make America Great Again.
Hindsight is 20/20, but there are people who proclaim that Donald J Trump should have been more wise in his counsel; more selective in his cabinet; more forceful in his confrontation of corporate globalists. Let me be clear….
I will never join that crew of Trump critics because I have understood his adversary for decades. CTH did not just come around to the understanding of the enemy. CTH has been outlining the scope of the enemy, the scale of the specific war and the financial and economic power of the opposition for over a decade. We understand the totality of the effort it will take to stop decades of willful blindness amid the American people. We also see with clear eyes exactly what they are doing now, even with President Trump forcefully removed from office, to destroy the threat he still represents.
Donald J Trump was/is a walking red-pill; a “touchstone”: a visible, empirical test or criterion for determining the quality or genuineness of anything political. I have been deep enough into the network of the Deep State to understand the scale and scope of this enemy. To think that President Trump alone could carry the burden of correcting four decades of severe corruption of all things political, without simultaneously considering the scale of the financial opposition, is naive in the extreme.
♦ POTUS Trump was disrupting the global order of things in order to protect and preserve the shrinking interests of the U.S. He was fighting, almost single-handed, at the threshold of the abyss. Our American interests, our MAGAnomic position, was/is essentially zero-sum. His DC and Wall-Street aligned opposition (writ large) needed to repel and retain the status-quo. They desperately wanted him removed so they could return to full economic control over the U.S, because it is the foundation of their power.
You want to criticize him for fighting harder against those interests than any single man has ever done before him? If so, do it without me.
I am thankful for the awakening Donald J Trump has provided.
I am thankful now for the opportunity to fight with people who finally understand the scale of our opposition.
Without Donald J Trump these entities would still be operating in the shadows. With Donald J Trump we can clearly see who the real enemy is.
In these economic endeavors President Trump was disrupting decades of financial schemes established to use the U.S. as a host for their endeavors. President Trump was 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.
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 middle class has struggled, and exactly why the wealth gap exploded in the past 30 years.
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. Collectively known as “The Big Club”.
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 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 products formerly 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 understood what had taken place. He used 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 retain and protect.
That is, global financial exploitation of national markets.
FOUR BASIC ELEMENTS:
♦Multinational corporations purchase controlling interests in various national outputs (harvests and 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 renegotiated; and against the necessary need to support the key U.S. steel and aluminum industries; 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 multinational 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 Food Stamps, 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.
It is ironic when we discuss corporate financial payments to government officials in foreign countries we call them corrupt. However, in the United States we call it lobbying, the process is exactly the same.
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 #4 ♦ 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.
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 upset the entire construct of this multinational export/control dynamic. Team Trump focused 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 the political institutions they pay for, were/are aligned against President Trump; and they will never relent in their need to see the risk he/we represents destroyed.
I will never relent in my support for anyone who fights this enemy.
I will align with and encourage anyone who joins this fight.
If you are looking for criticism against the only person I have ever witnessed who actually fought our correct enemy, look elsewhere.
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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