It is very difficult to have the right thoughts if you don’t have the right words. Almost all of the words used in talking about Islam are subjective. What do words like moderate Islam and radical Islam actually mean? They are subjective terms. We need to use the objective names that are found in the doctrine of Islam.
The logic and correct naming must come from Allah and Mohammed, the Koran and the Sunna, the Trilogy. Just as there are two Korans, Meccan and Medinan, there are two kinds of Islam and Muslim. Instead of moderate Islam/Muslim, it is Meccan Islam/Meccan Islam. Instead of radical Islam/Muslim, the correct name is Medinan Islam. Don’t say terrorist, say jihadist.
Don’t get involved with Islam, the religion, only deal with political Islam, the Islam for Kafirs.
William Felix Browder is all over the news trying to play into the whole Russian/Trump affair muddling the waters. Browder founded Hermitage Capital to invest exclusively in Russian companies. Edmond Safra, the notorious banker who was the center of what was called the Money Plane, put in $25m of seed capital for Hermitage Capital and Safra’s Republic National Bank of New York controlled it. This was the Russian deal I was being asked to join. When HSBC bought Republic National, Browder embarked on a series of share deals which has left him with complete ownership because the whole Hermitage Capital deal was at the center of a real political controversy many were trying to bury for at the center was the attempt to take over the. natural resources of Russia.
The scheme set in motion the plot to get the president Boris Yeltsin to steal $7 billion from the IMF loans I have written about before. He did, and Safra steered the bank wire transaction through Bank of New York to a company in Geneva claiming to refurbish the Kremlin. As soon as the wire took place, Safra’s Republic Bank of New York ran to the U.S. Justice Department and informed them that a $7 billion wire just took place at Bank of New York from Russia and it was money laundering. The transcripts of the bankers pleading guilty and got only 6 months house arrest, shows when asked what was the laundering, they simply said it involved ransoms for Russian business men. Safra was in league with the U.S. government to move billions of dollars in US currency notes on skids to Russia by the plane load. Clearly, the U.S. government was involved in this scheme to that extent (see Money Plane).
So while Browder portray’s himself as the businessman who was a victim of Putin, to set the record straight, Browder’s grandfather was the leader of the American Communist Party and stood for election to the Presidency of the United States against Theodore Roosevelt. His Grandfather was a communist who was later imprisoned in the McCarthyite period. Browder claims he went to Russia in 1995 to regain his roots. However, he ended up among Russia’s highest profile investors linked to Safra who in turn was linked to Boris Berezovsky, who was close to Yelstin. Yeltsin was going to run for election in 2000 a second time. This is when the plot to takeover Russia was hatched. Yeltsin was threatened to be exposed by the Bank of New York money laundering and he was to resign, keep the money, and appoint Berezovsky president. Yeltsin realized he was set up so that is when he turned to Putin. Berezovsky fled to London, others fled to Israel, and Putin then probably had Safra killed. Since Safra controlled Hermitage Capital, it was seized. The claim of Browder that his Russian tax attorney Sergei Magnitsky was imprisoned and died before trial was trying to fight corruption in Russia is far from the truth. Putin seized all the assets of Hermitage Capital and Browder fought in Congress to get the Magnitsky Act passed. I always found it very strange that here the object was to influence the election of president of Russia by blackmail, and the Congress passes the Magnitsky Act as if it was human rights because of some attorney who dies in a prison in Russia. Something is seriously missing.
Both Browder and Putin disliked the imprisoned oligarch Mikhail Khodorkovsky who back in 2003 was considered the wealthiest man in Russia. Yukos was one of Russia’s major corporations for oil and petrochemical industries and was also one of the world’s largest non-governmental groups. It was founded by Mikhail Khodorkovsky in 2003. Khodorkovsky had considered running for President crossing paths with Putin. However, he would also not join in with Safra and his Hermitage Capital seeking to corner the resources of Russia in gold, diamonds, and energy.
Back in October 2003, Khodorkovsky was arrested and charged with fraud and Putin froze shares of Yukos shortly thereafter on tax charges. Putin’s government took further actions against Yukos, leading to a collapse of the company’s share price. Yokos was sized and later declared bankrupt on August 1, 2006 by a Moscow court. In May 2005, he was found guilty and sentenced to nine years in prison. In December 2010, while he was still serving his sentence, Khodorkovsky and his business partner Platon Lebedev were further charged with and found guilty of embezzlement and money laundering; Khodorkovsky’s prison sentence was extended to 2014. After Hans-Dietrich Genscher lobbied for his release, President Vladimir Putin pardoned Khodorkovsky, releasing him from jail on 20 December 2013 and he moved to Switzerland. Browder claimed that Khodorkovsky was doing asset stripping and transfer pricing. Browder said:“We found him to be our toughest opponent. That is one of the reasons I am so sympathetic with President Putin.”
Browder turned against Putin and he was denied a visa to reenter Russia. The official Russian explanation for the decision to revoke Browder’s visa was formally announced in a letter he received on November 25th reading: ‘The decision to deny entry into the Russian Federation for Mr William Felix Browder has been made by the competent authorities in accordance with Article 27, Item 1, of the Federal Law No 114FZ.’ This article says that entry can be denied to someone in the interest of ‘ensuring the security of the State, public order or public health’.
Hermitage Capital Management claimed it was pioneering American corporate governance and commercial probity in the boardrooms of Russia’s largest companies. That is by no means the story I was fed to invest $1 billion into Hermitage Capital. It was all about natural resources of Russia. Hermitage Capital grew raising money to $1bn in the first two years.
Sorry, I just do not believe the propaganda that surrounds trying to rewrite history. Khodorkovsky was considering running for politics and was financing political parties that opposed Putin. He clashed with Putin over the corruption in the Russian government. There is a whole other side to this story that nobody seems to be interested in exposing because it just might reveal American attempts to manipulate Russian politics that backfired and opened the door to Putin. The connections between Safra and the government to enable the Money Plane is possibly the reason I would allege is how Browder was able to get the Magnitsky Act passed trying to get his money back. If I were Trump, I would open this black box to discover the truth lurking in the shadows behind the Magnitsky Act.
If you are against the refugees, many will call you a racist even though the refugees are not of a single race. The problem is they are economic migrants – not refugees from exclusively Syria, which the West can stop in a heartbeat. The crisis is economic. These people coming in are getting the benefits of unemployed workers without work and are breaking down an economic system at the worse possible moment.
Nicolas Sarkozy of France says immigrants should ‘speak French’ and attacks ‘medieval’ burkini revealing the culture clash. This influx is even starting to change fashion gradually. There is little assimilation, but the West is bending over backwards to accommodate them and in so doing is starting to change itself.
The crisis is economic. Italy cannot afford to pay for all these people benefits when the State is in serious economic trouble to begin with. They are now threatening a ‘nuclear option’ to migrant crisis by giving EU visas to 200,000 incomers and sending them north as the country struggles with the sheer cost of human warehousing.
To understand the larger objectives of the global and financial elite it is important to understand the three-decade global financial construct they seek to protect. Global financial exploitation of national markets:
♦Multinational corporations purchase controlling interests in various national elements of developed industrial western nations.
♦The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks.
♦The Multinational Banks and the Multinational Corporations then utilize lobbying interests to manipulate the internal political policy of the targeted nation state(s).
♦With control over the targeted national industry or interest, the multinationals then leverage export of the national asset (exfiltration) through trade agreements structured to the benefit of lesser developed nation states – where they have previously established a proactive financial footprint.
Since initially explaining this modern import/export dynamic some have asked for specific examples in order to gain a better understanding. There are a myriad of interests within each sector that make specific explanation very challenging. However, here’s an attempt.
For three decades economic “globalism” has advanced, quickly. Everyone accepts this statement, yet few actually stop to ask who and what are behind this – and why?
People with vested financial interests in the process have sold a narrative that global manufacturing, global sourcing, and global production was the inherent way of the future. But what’s brutally missed in the discussions is the fundamental truth that advocates selling this “global” message have a vested financial and ideological interest in convincing the information consumer it’s just a natural outcome of progress.
It’s not.
It’s not natural at all. It is a process that is entirely controlled, promoted and utilized by large conglomerates and massive financial corporations.
Again, I’ll try to retain the larger altitude without falling prey to the esoteric weeds. I freely admit this is tough to explain and I may not be successful.
Bulletpoint #1:♦ Multinational corporations purchase controlling interests in various national elements of developed industrial western nations.
This is perhaps the most challenging to understand. In essence, national companies expanded their influence into multiple nations, across a myriad of industries and economic sectors (energy, agriculture, raw earth minerals, etc.).
Think of these multinational corporations as global entities now powerful enough to reach into multiple nations -simultaneously- and purchase controlling interests in a single economic commodity.
A historic reference point might be the original multinational enterprise, energy via oil production. (Exxon, Mobil, BP, etc.)
However, in the modern global world, it’s not just oil; the procurement extends to virtually every possible commodity and industry. From the very visible (wheat/corn) to the obscure (small minerals, and even flowers).
Bulletpoint #2 ♦ The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks.
During the past several decades national companies merged. The largest lemon producer company in Brazil, merges with the largest lemon company in Mexico, merges with the largest lemon company in Argentina, merges with the largest lemon company in the U.S., etc. etc. National companies, formerly of one nation, become “continental” companies with control over an entire continent of nations.
…. or it could be over several continents or even the entire world market of Lemon/Widget production. These are now multinational corporations. They hold interests in specific segments (this example lemons) across a broad variety of individual nations.
National laws on Monopoly building are not the same in all nations. But most are not as structured as the U.S.A or other more developed nations (with more laws). During the acquisition phase, when encountering a highly developed nation with monopoly laws, the process of an umbrella corporation might be needed to purchase the interests within a specific nation. The example of Monsanto applies here.
Bulletpoint #3 ♦The Multinational Banks and the Multinational Corporations then utilize lobbying interests to manipulate the internal political policy of the targeted nation state(s).
With control of the majority of actual lemons the multinational corporation now holds a different set of financial values than a local farmer or national market. This is why commodities exchanges are essentially dead. In the aggregate the mercantile exchange is no longer a free or supply-based market; it’s now a controlled market exploited by mega-sized multinational corporations.
Instead of the traditional ‘supply/demand’ equation determining prices, the corporations look to see what nations can afford what prices. The supply of the controlled product is then distributed to the country according to their ability to afford the price. This is how the corporation maximizes it’s profits.
Back to the lemons. A corporation might hold the rights to the majority of the lemon production in Brazil, Argentina and California/Florida. The price the U.S. consumer pays for the lemons is directed by the amount of inventory (distribution) the controlling corporation allows in the U.S.
If the U.S. harvest is abundant, they will export the product to keep the U.S. consumer spending at peak or optimal price. A U.S. customer might pay $2 for a lemon, a Mexican customer might pay .50¢, and a Canadian $1.25.
The bottom line issue is the national supply (in this example ‘harvest/yield’) is not driving the national price because the supply is now controlled by massive multinational corporations.
The mistake people often make is calling this a “global commodity” process. In the modern era this “global commodity” phrase is particularly BS.
A true global commodity is a process of individual nations harvesting/creating a similar product and bringing that product to a global market. Individual nations each independently engaged in creating a similar product.
Under modern globalism this process no longer takes place. It’s a complete fraud. Currently, massive multinational corporations control the majority of product inside each nation and therefore control the entire global product market and price.
In highly developed nations this multinational corporate process requires the corporation to purchase the domestic political process, the approval, within individual nations allowing the exploitation. As such, their lobbyists pay hundreds of millions to politicians for changes in policies and regulations one sector or industry at a time.
EXAMPLE: The Committee on Foreign Investment in the United States (CFIUS)
CFIUS is an inter-agency committee authorized to review transactions that could result in control of a U.S. business by a foreign person (“covered transactions”), in order to determine the effect of such transactions on the national security of the United States.
CFIUS operates pursuant to section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment and National Security Act of 2007 (FINSA) (section 721) and as implemented by Executive Order 11858, as amended, and regulations at 31 C.F.R. Part 800.
The CFIUS process has been the subject of significant reforms over the past several years. These include numerous improvements in internal CFIUS procedures, enactment of FINSA in July 2007, amendment of Executive Order 11858 in January 2008, revision of the CFIUS regulations in November 2008, and publication of guidance on CFIUS’s national security considerations in December 2008 (more)
Bulletpoint #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.
It is never discussed.
To control the market price some contracted product may even be secured and shipped with the intent to allow it to sit idle (or rot). It’s all about controlling the price and maximizing the profit equation. To gain the same $1 profit a widget multinational might have to sell 20 widgets in El-Salvador (.25¢ each), or two widgets in the U.S. ($2.50/each).
Think of the process like the historic reference of OPEC (Oil Producing Economic Countries). Only in the modern era massive corporations are playing the role of OPEC and it’s not oil being controlled, it’s almost everything.
Individual flower growers in Florida out of business because they didn’t join the global market of flower growers (controlled market) by multinational corporate flower growers in Columbia and South America, who have an umbrella company registered in Mexico allowing virtually unrestricted access to the U.S. market under NAFTA.
Agriculturally, multinational corporate Monsanto says: ‘all your harvests are belong to us‘. Contract with us, or you lose because we can control the market price of your end product. Downside is that once you sign that contract, you agree to terms that are entirely created by the financial interests of the larger corporation; not your farm.
The multinational agriculture lobby is massive. We willingly feed the world as part of the system; but you as a grocery customer pay more per unit at the grocery store because domestic supply no longer determines domestic price.
Within the agriculture community the (feed-the-world) production export factor also drives the need for labor. Labor is a cost. The multinational corps have a vested interest in low labor costs. Ergo, open border policies. (ie. willingly purchased republicans not supporting border wall etc.).
This corrupt economic manipulation/exploitation applies over multiple sectors, and even in the sub-sector of an industry like steel. China/India purchases the raw material, ore, then sells the finished good back to the global market at a discount. Or it could be rubber, or concrete, or plastic, or frozen chicken parts etc.
The ‘America First’ Trump-Trade Doctrine upsets the entire construct of this multinational export/control dynamic. Team Trump focus exclusively on bilateral trade deals, with specific trade agreements targeted toward individual nations (not national corporations). ‘America-First’ is also specific policy at a granular product level looking out for the national interests of the United States, U.S. workers, U.S. companies and U.S. consumers.
Under President Trump’s Trade positions, balanced and fair trade with strong regulatory control over national assets, exfiltration of U.S. national wealth is essentially stopped.
This puts many current multinational corporations, globalists who previously took a stake-hold in the U.S. economy with intention to export the wealth, in a position of holding contracted interest of an asset they can no longer exploit.
John Kass of the Chicago Tribune has come out with a blunt article, yet it is the only possible solution since the government is effectively just bankrupt with no hope of recovery. He writes:
“Illinois is like Venezuela now, a fiscally broken state that has lost its will to live, although for the moment, we still have enough toilet paper.
But before we run out of the essentials, let’s finally admit that after decade upon decade of taxing and spending and borrowing, Illinois has finally run out of other people’s money.”
To comprehend what is happening, all we need do is understand that socialism has really been about government helping themselves to other people’s money for their personal benefit. Their constitution set that government pensions come before everything else. How is that helping the poor to paying their debts? The greed of the employees of Illinois has pushed the State to beyond the point of no return. The constitution can only be amended to deny future employees pension. It cannot be altered to deal with the quarter-trillion owed to state employee pension funds. There really is no way out and it because questionable if Illinois can even simply go bankrupt when it is constitutionally owed. So Kass’ solution may sound insane, but it is probably the only way to deal with the crisis – tear-up the state as a state and dissolve it entirely. Krass wrote:
Dissolve Illinois. Decommission the state, tear up the charter, whatever the legal mumbo-jumbo, just end the whole dang thing.
We just disappear. With no pain. That’s right. You heard me.
The best thing to do is to break Illinois into pieces right now. Just wipe us off the map. Cut us out of America’s heartland and let neighboring states carve us up and take the best chunks for themselves.
The group that will scream the loudest is the state’s political class, who did this to us, and the big bond creditors, who are whispering talk of bankruptcy and asset forfeiture to save their own skins.
This is the reality we face going forward. I have stressed get out of all government debt in the state and local level and buy NO MORE!!!!! The party is over!
President Trump is the first political entity in our lifetime that not only comprehends the faces of the false arguments (the fallacies of false choice), but more importantly sees the administrative architects behind the Potemkin villages represented by those faces. When it comes to domestic economic policies, the architects are the BIG CLUB.
So, what is “The Big Club“?
..What “Deep State” is to intelligence, military intervention and foreign policy – The “BIG CLUB” is to matters of domestic economics…
Politicians do not write laws. Paul Ryan, Nancy Pelosi, Mitch McConnell and Chuck Schumer do not sit in their offices writing out scripts of laws and legislation; no politician does. Politicians are faces who sell legislation that unseen hands create. The Big Club are the administrators creating the legislation.
As such, it makes no sense to argue about the salesmanship of Mitch McConnell, Chuck Schumer, Ted Cruz or Elizabeth Warren when none are originating the legislative constructs they are selling and branding in the media.
It simply makes much more sense to focus attention on the unseen hands that are never discussed, the administrative state. These are the roots of the issues, the politicians are merely the expendable and interchangeable sales force.
The Big Club are massive and complex networks of lobbying groups who actually write legislation. The outcomes therein, depending on their own evaluation of importance, are payments to the politicians to go and sell the administrative construct.
The amount of payment varies depending on how valuable the construct is to the interests of the Club. Big legislative constructs that provide the Club large income increases are worth more than smaller ones.
This is the accurate background framework to consider ObamaCare, or Healthcare.
Within The BIG CLUB there are factions with interest: Big Labor, Big Wall Street (big crony-business), Big Pharma (example above).
There are other factions like Big Green (Al Gore) etc. However, for the sake of ObamaCare outcomes the two that matter are: “Big Labor” (AFL-CIO, SEIU, AFSCME, UFCW etc), and Wall Street (U.S. Chamber of Commerce, Tom Donohue).
The Big Club has paid for ObamaCare’s construct, and they are not going to allow their sales force to walk away from it. From their position, this is a massive ‘multi-multi-hundreds-of-millions’ expenditure that has already taken place.
Tom Donohue (U.S. CoC) already lost hundreds of millions when his construct (his team actually did the writing) of TPP was lost due to Donald Trump. Donohue’s TPP loss followed the loss of Comprehensive Immigration Reform (2014 Dave Brat), and his loss of Common Core Education standards, again with Donald Trump (Betsy DeVos).
Tom Donohue spent hundreds of millions on: The Gang of Eight, Common Core, TPP and ObamaCare.
EXAMPLE […] Lobbying expenditures by members of a pro-TPP coalition increased to $135 million in the second quarter of 2015, up from $126 million in the first quarter and $118 million in the fourth quarter of 2014, according to Senate Office of Public Records reports reviewed by Reuters.
The chamber, Washington’s largest corporate lobbying group, led the pack in spending in all three quarters. From April to June, it spent $17.9 million, excluding subsidiaries, up 29 percent from the first quarter, the Senate records show. (link)
Donohue paid off AFL-CIO’s Richard Trumka to get him to stop being public about his opposition of TPP. The quid-pro-quo was transparently most evident when Trumka endorsed candidate Hillary Clinton who was supporting Donohue’s TPP.
Having lost TPP, Go8 and Common Core, there was no way Tom Donohue is going to accept losing his biggest investment to date, ObamaCare.
♦ Big Labor support ObamaCare for a few reasons. #1 it granted fiscal stability to their retirement programs which were failing with the increased costs of providing healthcare coverage. #2 it creates additional profit margin space within union companies for more lucrative compensation contracts. And #3 ideologically it was constructed to eventually end up with a single-payer system. All three points are great for Big Labor.
♦ Wall Street supports ObamaCare because it: #1 removes the cost of providing healthcare from the cost of producing products in the U.S. [However, you’ll note the consumer price of manufactured goods never actually decreases, instead the savings go to the profit margin.] #2 allows the manufacturing cost equity to streamline globalization efforts.
Both primary factions within the BIG CLUB stood to gain substantially if they could shift the cost of healthcare from their individual ledgers into the personal checkbooks of the U.S. consumer. Hence, they looked at the lobbying cost of ObamaCare as a long-term legislative investment with a massive upside.
After the GOPe wing of the UniParty was voted into the majority in both houses (2014), the Big Club sales people (politicians) needed to give the illusion of “repeal” or “removal”, but not actually do anything which would remove it. So long as Obama was in office the optical games were easy; with Clinton later in office the games would be no longer needed.
Big Club spends to make sure Clinton wins the Presidency.
#NeverTrump making sense now?
Rut Roh.
Now, fast forward to 2017 and President Trump is in office on a promise to repeal and replace ObamaCare.
Oh snap, NOW what is the Big Club going to do?
Stall for time…. Quick construct plan to deal with the unexpected. Stall, block cabinet and down-stream confirmations… Activate astroturf to provide Sales Force cover… Paul Ryan lies to Sean Hannity… etc.
More things reconciling now?
Meanwhile, President Trump understands exactly what they are doing.
President-Elect Trump met with Richard Trumka and outlined larger administration pro-jobs objective assurances.
Once in office, President Trump worked around Donohue and went to the manufacturing and business community directly.
Now Trump is highlighting how deregulation, tax policy and other pro-growth America-First objectives will more than compensate the business community for any ObamaCare recall.
The battle/negotiation visible in the media is the stuff going on amid the Big Club’s sales people, the politicians. However, the REAL ObamaCare removal negotiation is going on behind the scenes where the Trump Administration is taking on the administrative state, The Big Club, directly…
Once you see the strings, it’s almost impossible to watch the marionettes and not see them.
However, that doesn’t mean the puppet show has to be less enjoyable….
….Specifically because we have President Trump, it is entirely possible to simultaneously watch the show, and yet still look up toward the scaffolding and see the shadows of the hands controlling them.
Illinois House had voted 72-45 to pass a 32% income tax hike as government refuses to address the real issue of a never-ending need for more and more tax revenue to keep state employees rolling in their pensions. The governor vetoed the tax increase and he was overridden.
There is absolutely no hope for Illinois. Just sell its debt for there is no long-term fix for this state or any state for that matter. We are facing a major Sovereign Debt Crisis at the state and municipal level that will eventually bring down governments on a wholesale basis.
The policies of just tax’em til they die and they tax their heirs is coming to an end. Governments will collapse and the only solution is to limit government by a new constitution that it may not consume greater than 15% of GDP on a federal, state, and local level combined. Employment should primarily be outsourced and private entities should bid to run various departments. That will eliminate government pensions, which is the monumental source of the real crisis.
We can do this, but we have to crash and burn first. Government will NEVER simply surrender power without a fight.
There is a revolution coming that is engulfing the world. Governments are broke and are taking drastic measures to stay in business. Not all revolutions are bloody. There have been revolutions such as that in Russia when the army stood down and would not fire upon the people. Even in Saudi Arabia, there is talk of revolution and civil war as a rift within the Royal family has been unfolding and the army is by no means united behind one faction.
Whether a revolution comes with the blood that feeds the Tree of Liberty as Thomas Jefferson put it, really is determined by the army. The European Union is desperately trying to create an army which is power. The question would eventually emerge, will the EU send its army against a member state because it seeks to leave? The golden rule of political-revolutions can be stated simply by the victor:
We have defeated the enemy of the people;
We Occupy their Hill of Power;
We have become the enemy once again.
We reached the peak in government 2015.75. Ever since that fateful turning point, the press has become so corrupt, the politics has collapsed, traditional parties are declining and the rise in discontent is global. Between here and 2032.95, the world around us is changing. It will be out with the old, and in with the new. The driving force is always economic
We outlined the significance of this yesterday. Today President Trump delivers a speech (video and transcript below) outlining the entire energy initiative, and what is currently underway to fundamentally change the way the entire energy sector is actualized within the U.S. economy and beyond.
President Trump and Energy Secretary Rick Perry, together with EPA Secretary Scott Pruitt and Interior Secretary Ryan Zinke, are doing something with energy independence that was long discussed but never acted upon. Forget the Paris Climate Treaty, this Trump action on energy development is in a stratosphere thought almost unimaginable.
Together the entire cabinet has studied, formulated and instituted an executive American energy policy platform to go beyond mere energy independence, and actually start using energy resources as an export commodity for economic growth.
Pause for a moment and consider just how monumental that approach actually is; and also overlay the independent national security ramifications therein. Oddly enough, we predicted this possibility two years ago.
The intensely consequential outcome is a visible representation of ‘America-First’ principles applied to deliver MAGA level shifts in the future of our nation. Massive possibilities for wealth creation at local and state levels; and simultaneous national security interests. Win – Win – Win… And yet stunningly this result is only in one sector of national security and national economics.
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[Transcript] 3:31 P.M. EDT – THE PRESIDENT: Thank you, everybody. Thank you very much. (Applause.) How are you?
Well I want to thank everybody on stage. They are really a terrific team. We have some of the real winners in the audience, too, that I can tell you — some great, great people.
I want to thank Vice President Pence. As always, he’s right there and he has really been a help to this administration. We have some big things happening today, and we have some very big things happening over the next month, and I guess probably I can say over the next eight years. I suspect I can say that. (Applause.)
It’s wonderful to be here with so many pioneers and visionaries from America’s energy industry — great industry. I want to thank the leaders of our great energy companies for joining us today and for supporting our efforts to bring true wealth and prosperity to our people. That’s true. Come on, give yourself a hand. (Applause.)
You deserve it. You deserve it. You’ve gone through eight years of hell, and actually I could say even a little bit more than that. You deserve it.
I also want to express our sincere gratitude to the labor union leaders and members who have joined us today. Thank you, fellas. Thank you, thank you. (Applause.) Your workers embody the skill, grit and courage that has always been the true source of American strength. They are great people. They break through rock walls, mine the depths of the earth, and reach through the ocean floor, to bring every ounce of energy into our homes and commerce and into our lives. Our nation salutes you. You’re brave and you are great workers. Thank you very much. Thank you, fellas. (Applause.)
Before turning to the topic at hand, I want to provide a brief update on two crucial votes taking place this afternoon on the House Floor — very important. These bills are vital to public safety and national security, and I want to thank Chairman Bob Goodlatte for his efforts. Bob has been working very hard and really for a long time, but we got it going.
First, the House will be voting on Kate’s Law — legislation named for Kate Steinle, who was killed by an illegal immigrant with five prior deportations and lots of bad things on his record.
The second is the No Sanctuary for Criminals Act, which blocks federal grants to cities that release dangerous criminal aliens back into the streets, including the vicious and disgusting and horrible MS-13 gang members. And we’re getting them out. We are getting them out. They’re going — fast. (Applause.)
General Kelly and his whole group — they’ve gotten rid of 6,000 so far. We’re about 50 percent there, and we’re actually liberating towns. Like on long Island, where I grew up — we’re liberating towns. Those people are so happy to see our guys, and our guys are a lot tougher than the MS-13 characters. That I can tell you. Liberation. (Applause.)
I’m calling on all lawmakers to put the safety of American families first. And let’s pass these bills through the House, through the Senate, and send them to my desk. I will give you the fastest approval, the fastest signature that you have ever seen. Right, Mike? We will get that signed so fast. (Applause.)
So when we get back, the first thing I’m going to do is how did we do on the vote? I expect good things; otherwise I probably wouldn’t be talking about it to be honest with you. I’d just sort of low-key it a little bit. (Laughter.) I don’t like losing. I don’t like losing. (Laughter.) Neither do you folks. Every member of Congress should vote to save American lives. Many great members of Congress are here with us this afternoon — some great people, some great, great people. Thank you very much.
Not only are they working with us on border security, but they share our desire to unleash American energy.
I especially want to thank Secretary Perry for his tremendous leadership in this department. He has really done a terrific job, and he’s also a cheerleader — he’s really a cheerleader. I watched that in Texas. The thing that I loved about him — he was always saying how great Texas was. And if you don’t say it, I don’t know. You got to say it, right? And you’re doing it right now with energy.
SECRETARY PERRY: Ain’t bragging if you can do it.
THE PRESIDENT: That’s true.
Along with Secretary of the Interior Ryan Zinke and EPA Administrator Scott Pruitt. And we’ve been through our battles, Scott. Not with each other, with the world. And now the world is starting to say I think they’re right. (Laughter.) They’ll find out. We have no doubt. But all three of them strongly believe in putting America first, which is what I believe in, which is why I got elected. It’s called Make America Great Again — that’s what we’re doing — Make America Great Again.
We’re here today to usher in a new American energy policy — one that unlocks million and millions of jobs and trillions of dollars in wealth. For over 40 years, America was vulnerable to foreign regimes that used energy as an economic weapon. Americans’ quality of life was diminished by the idea that energy resources were too scarce to support our people. We always thought that, and actually at the time it was right to think. We didn’t think we had this tremendous wealth under our feet. Many of us remember the long gas lines and the constant claims that the world was running out of oil and natural gas.
Americans were told that our nation could only solve this energy crisis by imposing draconian restrictions on energy production. But we now know that was all a big, beautiful myth. It was fake. Don’t we love that term, “fake”? What we’ve learned about fake over the last little while — fake news, CNN. Fake. (Laughter and Applause.) Whoops, their camera just went off. (Laughter.) Okay, you can come back. I won’t say — I promise I won’t say anything more about you. I see that red light go off, I say, whoa. The truth is that we have near-limitless supplies of energy in our country. Powered by new innovation and technology, we are now on the cusp of a true energy revolution.
Our country is blessed with extraordinary energy abundance, which we didn’t know of, even five years ago and certainly ten years ago. We have nearly 100 years’ worth of natural gas and more than 250 years’ worth of clean, beautiful coal. We are a top producer of petroleum and the number-one producer of natural gas. We have so much more than we ever thought possible.
We are really in the driving seat. And you know what? We don’t want to let other countries take away our sovereignty and tell us what to do and how to do it. That’s not going to happen. (Applause.) With these incredible resources, my administration will seek not only American energy independence that we’ve been looking for so long, but American energy dominance.
And we’re going to be an exporter — exporter. (Applause.) We will be dominant. We will export American energy all over the world, all around the globe. These energy exports will create countless jobs for our people, and provide true energy security to our friends, partners, and allies all across the globe.
But this full potential can only be realized when government promotes energy development — that’s this guy right here, and he’ll do it better than anybody — instead of obstructing it like the Democrats. They obstruct it. But we get through it. We cannot have obstruction. We have to get out and do our job better and faster than anybody in the world, certainly when it comes to one of our great assets — energy. This vast energy wealth does not belong to the government. It belongs to the people of the United States of America. (Applause.) Yet, for the past eight years, the federal government imposed massive job-killing barriers to American energy development.
Since my very first day in office, I have been moving at record pace to cancel these regulations and to eliminate the barriers to domestic energy production, like never before. Job-killing regulations are being removed and vital infrastructure projects are being approved at a level that they’ve never seen before. As you all know, I approved the Keystone XL Pipeline and the Dakota Access Pipeline in my first week. Thousands of jobs — tremendous things are happening. And, by the way, I thought I’d take a lot of heat. I didn’t take any heat. I approved them and that was it. I figured we’d have all sorts of protests. We didn’t have anything.
But I have to do — whether it’s protesting or not, I have to do what’s right. But people celebrate those two transactions, as opposed to protesting. But sometimes you have to go out and just do it, and you find out. Whatever happens, happens. But you have to be right for the American people. (Applause.) Thank you.
I’m dramatically reducing restrictions on the development of natural gas. I cancelled the moratorium on a new coal leasing — and you know what was happening — the new coal leasing on federal lands, it was being so terribly restricted. And now with Ryan and with a group, it’s going to be open, and the land will be left in better shape than it is right now. Is that right? Better shape. (Applause.)
We have finally ended the war on coal. And I am proud to report that Corsa Coal, here with us today, just opened a brand-new coal mine in the state of Pennsylvania, the first one in many, many, many years. Corsa, stand up. Come on. (Applause.) Congratulations. Congratulations. Employing a lot of people, and we are putting the coal miners back to work just like I promised — just like I promised when I went through Ohio and West Virginia, Wyoming and all of the different places. And I see Bob back there. Congratulations, Bob. He’s in great shape, right? You in good shape, Bob? Right from the beginning. Good. You just take care of yourself, all right?
We’re ending intrusive EPA regulations that kill jobs, hurt family farmers and ranchers, and raise the price of energy so quickly and so substantially.
In order to protect American jobs, companies and workers, we’ve withdrawn the United States from the one-sided Paris Climate Accord. (Applause.)
And I won’t get into it, but believe me, that really put this country at a disadvantage. Number one, we weren’t playing on the same field. It kicked in for us, and it doesn’t kick in for others. The money that we had to pay was enormous. It was not even close. And maybe we’ll be back into it someday, but it will be on better terms. It will be on fair terms — not on terms where we’re the people that don’t know what we’re doing.
So we’ll see what happens. But I will tell you we’re proud of it. And when I go around, there are so many people that say thank you. You saved the sovereignty of our country. You saved our wealth because we would have a hard time getting to this newfound wealth. And that’s not going to happen with our country. (Applause.)
Today, I am proudly announcing six brand-new initiatives to propel this new era of American energy dominance. First, we will begin to revive and expand our nuclear energy sector — which I’m so happy about — which produces clean, renewable and emissions-free energy. A complete review of U.S. nuclear energy policy will help us find new ways to revitalize this crucial energy resource. And I know you’re very excited about that, Rick.
Second, the Department of the Treasury will address barriers to the financing of highly efficient, overseas coal energy plants. Ukraine already tells us they need millions and millions of metric tons right now. There are many other places that need it, too. And we want to sell it to them, and to everyone else all over the globe who need it.
Third, my administration has just approved the construction of a new petroleum pipeline to Mexico, which will further boost American energy exports, and that will go right under the wall, right? It’s going under, right? (Laughter and applause.) Have it go down a little deeper in that one section. You know, a little like this. Right under the wall.
Fourth, just today, a major U.S. company, Sempra Energy, signed an agreement to begin negotiations for the sale of more American natural gas to South Korea. And, as you know, the leaders of South Korea are coming to the White House today, and we’ve got a lot of discussion to do. But we will also be talking about them buying energy from the United States of America, and I’m sure they’ll like to do it. They need it. Thank you. (Applause.)
Fifth, the United States Department of Energy is announcing today that it will approve two long-term applications to export additional natural gas from the Lake Charles LNG terminal in Louisiana. It’s going to be a big deal. It’s a great announcement.
Finally, in order to unlock more energy from the 94 percent of offshore land closed to development, under the previous administration, so much of our land was closed to development. We’re opening it up, the right areas, but we’re opening it up — we’re creating a new offshore oil and gas leasing program. America will be allowed to access the vast energy wealth located right off our shores. And this is all just the beginning — believe me.
The golden era of American energy is now underway. And I’ll go a step further: The golden era of America is now underway. Believe me. (Applause.)
And you’re all going to be a part of it in creating this exciting new future. We will bring new opportunity to the heartland, new prosperity to our inner cities, and new infrastructure all across our nation. When it comes to the future of America’s energy needs, we will find it, we will dream it, and we will build it.
American energy will power our ships, our planes and our cities. American hands will bend the steel and pour the concrete that brings this energy into our homes and that exports this incredible, newfound energy all around the world. And American grit will ensure that what we dream, and what we build, will truly be second to none. We will be number one again all the way. We’re going to make America great again.
Thank you, God bless you, and God bless America. Thank you. (Applause.)
QUESTION: Mr. Armstrong; Reading between the lines, it seems that you support bank bailouts at taxpayer expense. Is this not counter to free market philosophy?
KE
ANSWER: Yes it is contrary to free market philosophy. However, it is the only reasonable solution at this moment in time without structural reforms to the financial system. If we accept the bail-in that Europe just did in Spain selling the bank for one euro, the reality of that decision compels me to advise clients NOT TO OWN any bank shares. Seizing a bank and auctioning it off for one euro when its value, if liquidated, would have been significantly higher is in itself anti-free market.
The bailout conducted by the Fed was absurd. The theory that they just lend money to banks when in trouble is seriously flawed under the current system. Bill Clinton repealed Glass-Steagall and in doing so he seriously altered the banking system completely. The 1007 crash took place because banks no longer engage in relationship banking but have flipped everything to transactional banking. They make the loan, package it into a security, and then sell it off. The banks say this makes them stronger. Fine, I accept that principle. But then handing bankers trillions to “stimulate” the economy failed because they did not lend the money out and parked it at the Fed in excess reserves. They stopped securitizing debt and would not lend because of risk.
The problem is how our government operates. If they are trying to “stimulate” the economy then they need to cut taxes. You must put money directly into the hands of the people – not the banks who do not lend to the average person. This is why quantitative easing has failed. Mario Draghi needs to get out and really see how the economy functions live.
Under the current terms of the bail-in, I must advise clients to sell bank shares and stay with industrial shares. You can flip the coin. Both sides are anti-free market.
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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
William Felix Browder is all over the news trying to play into the whole Russian/Trump affair muddling the waters. Browder founded Hermitage Capital to invest exclusively in Russian companies. Edmond Safra, the notorious banker who was the center of what was called the Money Plane, put in $25m of seed capital for Hermitage Capital and Safra’s Republic National Bank of New York controlled it. This was the Russian deal I was being asked to join. When HSBC bought Republic National, Browder embarked on a series of share deals which has left him with complete ownership because the whole Hermitage Capital deal was at the center of a real political controversy many were trying to bury for at the center was the attempt to take over the. natural resources of Russia.
Centinel2012 