Trump’ Tariffs Will Destroy the World Economy


Posted originally on Nov 27, 2024 by Martin Armstrong 

Coffee Mike

COMMENT: Are we really in a free world? Or is it just a subjective assumption. I have asked myself many times that question. Today’s interview with the Russian ambassador and his revelation that he does not have a very cordial relationship with either the Dutch media nor the government officials -such a hypocrisy they give Zelensky the voice, the screen time, and meanwhile Russia is constantly demonized. We have the useless youth on speed dial to attend any protest to victimize Hamas! How utterly stupid society has fallen?
You, Mr Armstrong, are breaking all the records in my book of the person that is on a mission to get the truth out. I just hope it is not putting you in any danger or affecting your health – your well being has to come first!?
As always, you are in my thoughts.

Ps. I am watching your interview for coffee and a Mike and without trying to be impertinent, I am concerned that you look exhausted. You, my dear sir, are burning the candle at both ends. As someone who appreciates you, I can only wish that you find the balance for work and unwind -maybe a nice Thanksgiving turkey dinner with a mouth watering pumpkin pie ?could be a propeller to self care. As they say, good food and good company are two of life’s greatest pleasures.

REPLY: Thank you. We have to stand for something. They have done their best to silence me over the years. They even tried to kill me, but after a coma, I awoke to their dismay. Yes, I was exhausted. I was up all night fielding questions from many overseas. I didn’t get to lie down until 3 pm. It’s been crazy, to put it mildly. The downside of having offices around the world is that someone is always awake. Many are concerned about Trump’s Tariffs. It will send the world into a depression like the 1930s. They call me because, as a friend in Washington said, I yell at them. Since I refuse to accept money from any government, they tend to trust me more because I will not say what they want to hear just to keep a job.

Tariffs 9 19 1929

The causes of the Great Depression have been debated for decades. The problem with all of the analysis is this same attempt to reduce the cause to a single event. In school, we read The Great Crash by Galbraith. He was a socialist, so he blamed the corporations and never bothered even to mention the Sovereign Defaults of 1931, for that would have accused the government instead of the private sector. Then there is the argument that the tariffs at least “contributed” to the Great Depression if they were the leading factor, again disregarding the Sovereign Debt defaults.

US Dollar Index 1900Party M 1921 1939

Smoot-Hawley wasn’t signed into law until June 17th, 1930, when stocks had already taken a nose dive from the 1929 September high. The market had already turned down, and by early 1930, politicians failed to comprehend that the rise in the dollar had made foreign imports cheaper. As European governments were suffering from a debt crisis, the Fed lowered US rates in 1927, trying to deflect capital inflows back to Europe.

1927 Secret Banking g4

1927 was the first G4 when the US lowered rates at the request of Europe, hoping that capital would return to Europe for a higher rate. It backfired, only proving that there was a European debt crisis. History has an uncanny way of repeating because human nature never changes. Once again, with war on the horizon, capital flows to the US, as was the case with World War I.

Those advising Trump on this tariff nonsense are way too conflicted and fail to understand history, no less how the world economy functions since we are all connected. I am not interested in some positions. I will not surrender my independence or my company for some appointment. I have no problem meeting or offering advice. But I also cannot accept any money from ANY government for advice because the laws then make me an agent of such a country.  I cannot accept any money, even from our own government.

I have always tried to defeat my own computer. I have yet to win a single battle. As the French say: ce qui sera sera


Tariffs

Those advising Trump are idiots. They do not understand how the world economy functions. We cannot have a boom time here when the rest of the world is contracting/ The world economy and peace survive on free trade. The sanctions against Russia blackballing it from the SWIFT system led to BRICS as other nations rejected this authoritarian policy from American Neocons. This was the warning I emailed yesterday to both Trump and RFK:

——;

I realize this is futile, but whoever is economically advising Trump

should be thrown in prison. The reason we import and have

the trade deficit is because of taxation that moved companies

offshore to compete since we have worldwide income

and other nations do not, except Japan.

It’s the tariffs and he will create a worldwide DEPRESSION

on this stupid advice. When I testified before the House Ways

and Means Committee, I had under contract the equivalent of 50% of the

US national debt. NOBODY has had more international

institutions than I have. That is why the NY bankers

wanted to shut me down.

They are coming out with another Documentary on my case next year

It was shown on TV around the world EXCEPT in the USA

Netflix was “told” they were not allowed to show it.

Eliminate the income tax, and all the companies will come home.

You do not need the stupid tariffs. That will create an economic

depression and destroy the Republican Party as they did to Hoover.

Nobody ever wants to listen to people with real experience.

It is always some bullshit academic who has zero experience.

That’s my 2cents

I will advise my clients that Trump will destroy

the world economy and BRICS will win.

M. Armstrong

President Trump Announces Additional Nominees for RFK JR Team at HHS


Posted originally on the CTH on November 26, 2024 | Sundance 

President Trump has announced Jay Bhattacharya as nominee to serve as Director of the National Institutes for Health (NIH), and Jim O’Neill to serve as Deputy HHS Secretary to Robert F Kennedy Jr.

Dr Jay Bhattacharya is a famous critic of the NIH and the COVID-19 policy they put forth. Bhattacharya has advocated for a major shakeup of the NIH and accused former NIH leaders Francis Collins and Anthony Fauci of suppressing scientific debate and research during the pandemic.

[SOURCE]

To support Robert F Kennedy Jr, President Trump has also announced the nomination of Jim O’Neill to serve as Deputy HHS Secretary.  O’Neill comes from the stable of Peter Thiel a billionaire ally of RFK Jr and Elon Musk.  O’Neill was CEO of the Thiel Foundation.

Jim O’Neill held several roles at HHS during the George W. Bush administration including principal associate deputy secretary.

[Source]

President Trump Announces Two More Economic Positions – U.S. Trade Ambassador, and Director of National Economic Council


Posted originally on the CTH on November 26, 2024 | Sundance

President Trump has announced the nomination of Jamieson Greer to be the United States Trade Representative (USTR).  Jamieson Greer was the Chief of Staff to former USTR Robert Lighthizer.

In a previous nomination of Howard Lutnick as Commerce Secretary, President Trump noted Lutnick would have responsibility overseeing the office of the USTR.   Apparently Lutnick and Greer will be working closely together.   Great news.

[Source]

Greer is likely to be facing China first and most directly, as President Trump economically faces the EU and NATO over the Ukraine issues.

The second announcement on the economic team does not need confirmation.  President Trump announces the return of ¹happy warrior Kevin Hassett as Director of the White House National Economic Council (NEC).  This is awesome news, and Hassett is a great communicator.

[Source]

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¹NOTE: I’ll make Hassett a wolverine again, but he’s really a Quokka.

Trump Transition Team Signs Modified White House Agreement, Without Govt Technology to Conduct Surveillance


Posted originally on the CTH on November 26, 2024

The President Trump transition team has signed a Memorandum of Understanding (MOU) to start the process of transferring control of the federal government.  The landing teams from each of the cabinets will now begin to engage with their exiting counterparts.

There were many articles written about the delays in signing the agreements.  However, President Trump waited until he has his cabinet fully assembled before signing the first part that permits the landing teams to engage.  The second part with government provided offices and technology is NOT being accepted.

President Trump’s Chief of Staff, Susie Wiles, announced the Trump transition team has refused to sign an MOU with the Government Services Administration (GSA), and will not be using cell phones, computers, offices or “any technology” provided by the GSA.  This is a smart move to avoid the Deep State surveillance situation that was faced in the first term.

In the first Trump administration, the GSA had wiretaps, office bugs, and gave all the electronic communication information from the Trump transition to the FBI, IC and later Robert Mueller. In essence, the GSA spied on the Trump team, then gave all the data to the operatives who were in place to target them.  The Trump team is not making this mistake again.

The Trump transition team is also not going to use the office space provided by the GSA and will instead have their own offices and security systems in place to coordinate the transition to power.

WASHINGTON DC – […] The Trump team’s unprecedented delay in signing these agreements, weeks after being declared the winner of the election, had alarmed former officials and ethics experts who warned it could lead to conflicts of interest and leave the new government unprepared to govern on Day One.

In the Tuesday announcement, Wiles suggested the Trump transition will not sign a separate agreement with the General Services Administration, which would have allowed them to receive federal funding, cybersecurity support and government office space, pledging instead to fund the transition with private dollars, run it out of private facilities, and deploy their own “existing security and information protections” for sensitive data.

The transition, Wiles said, “will operate as a self-sufficient organization, adding that declining government funding will “save taxpayers’ hard-earned money.”

And while Wiles also pledged in the Tuesday statement to publicly disclose the private donors to the transition and “not accept foreign donations,” there will be no legal mechanism to enforce those promises of transparency.

The lack of federal cybersecurity support could also make the Trump transition a softer target for foreign hackers — who already successfully penetrated the campaign earlier this year.

“That’s something that in 2020 was maybe the single most important worry of the [Biden] transition team — that they would be hacked, and all of this information, including intelligence information, personal information about job applicants, would be threatened,” said Heath Brown, an associate professor of public policy at CUNY’s John Jay College who wrote a book about Biden’s transition. “It’s imperative that the Trump Transition Team has installed the proper procedures to protect itself.”

White House spokesperson Saloni Sharma said the Biden administration is concerned about the ramifications of their successors forgoing GSA support, but remains “committed to an orderly transition.”

“While we do not agree with the Trump transition team’s decision to forgo signing the GSA MOU, we will follow the purpose of the Presidential Transition Act which clearly states that ‘any disruption occasioned by the transfer of the executive power could produce results detrimental to the safety and wellbeing of the United States and its people,’” she said.

In the White House memo, Sharma added, the Trump transition “agreed to important safeguards to protect non-public information and prevent conflicts of interest, including who has access to the information and how the information is shared,” and also agreed to publicly share the ethics agreements it is imposing on its own employees. (read more)

History of Thanksgiving


Native Americans in North America celebrated harvest festivals for centuries before a Thanksgiving federal holiday was formally established in the United States. Colonial services for these festivals date back to the late 16th century. The autumnal feasts celebrated the harvest of crops after a season of bountiful growth.

In the 1600s, settlers in Massachusetts and Virginia held feasts to express gratitude for survival, fertile fields, and their faith. The Pilgrims in Plymouth, Massachusetts, had their Thanksgiving feast in 1621 with the Wampanoag Native Americans.

This 3-day feast is considered the ”first” Thanksgiving celebration in the colonies. However, there were other recorded ceremonies of thanks on these lands. In 1565, Spanish explorers and the local Timucua people of St. Augustine, Florida, celebrated a mass of thanksgiving. In 1619, British settlers proclaimed a day of thanksgiving when they reached a site known as Berkeley Hundred on the banks of Virginia’s James River.

Of course, the idea of “thanksgiving” for the harvest is as old as time, with records from the Egyptians, Greeks, and Romans. Native American cultures, too, have a rich tradition of giving thanks at harvesttime feasts, which began long before Europeans appeared on their soil. And well after the Pilgrims, for more than two centuries, individual colonies and states celebrated days of thanksgiving.

Colorful corn for thanksgiving decor

How Did the Pilgrims Come to Settle Here?

When certain men and women of Scrooby, England, were persecuted for separating themselves from the Church of England, they, as Pilgrims, fled to Leiden, Holland. Upon the execution of separatist leader James of Barneveld there on May 13, 1619, they realized that Holland was no freer than England and prepared to go to America.

On July 20, 1620, after putting their plans into effect, they asked for the parting words of their beloved pastor, John Robinson. The next day, they boarded the ship Speedwell, anchored where the canal from Leiden entered the Maas (or Meuse, a river flowing into the North Sea) at Delfshaven, and sailed for Southampton, England.

After misadventures and more farewells, these 102 brave souls departed on the Mayflower on September 6, 1620.

Mayflower pilgrims. Image by Photos.com/Getty Images
Image by Photos.com/Getty Images

The Mayflower arrived at what is now Provincetown, Massachusetts, at the tip of a curved peninsula later named Cape Cod, on November 21 and, on that day, drew up one of the most significant documents of American history, the Mayflower Compact. The Compact was a constitution formed by the people—the beginning of popular government.

They then explored the lands along the bay formed by the peninsula. On December 22, after holding the first town meeting in America to decide where to build their homes, the Pilgrims went onshore at a site now called Plymouth Rock. There, on the shore above the rock, they settled. After 400 years, their descendants and those of the Puritans are still sailing along.

What Ever Happened to the Pilgrims?

So, whatever happened to the Pilgrims? The following highlights reveal what has transpired for the Pilgrims, their Puritan contemporaries, and the descendants of both.

  • 1621: Over dinner with some of their Native American guests, they gave thanks for their welfare
  • 1621: Built a meetinghouse
  • 1634: Forbade wearing gold and silver lace
  • 1639: Started a college (Harvard)
  • 1640: Set up a printing press
  • 1647: Hanged a “witch” (Alse Young—the first person to be executed for witchcraft in the Thirteen Colonies) 
  • 1704: Printed the first newspaper in Boston
  • 1721: Were inoculated against smallpox
  • 1776: Again declared themselves to be free and independent
  • 1792: No doubt purchased the 1793 first edition of Robert B. Thomas’s Farmer’s Almanac. Today known as The Old Farmer’s Almanac, this book is North America’s oldest continuously published periodical.

The First National Thanksgiving Proclamation

The first national Thanksgiving celebration was observed in honor of the creation of the new United States Constitution! In 1789, President George Washington issued a proclamation designating November 26 of that year as a “Day of Publick Thanksgivin” to recognize the role of providence in creating the new United States and the new federal Constitution.

Washington was in his first term as president, and a young nation had just emerged successfully from the Revolution. Washington called upon the people of the United States to acknowledge God for affording them “an opportunity peaceably to establish a form of government for their safety and happiness.” This was the first time Thanksgiving was celebrated under the new Constitution.

Thanksgiving’s Path to a Federal Holiday

While Thanksgiving became a yearly tradition in many communities—celebrated on different months and days that suited them—it was not yet a federal government holiday. 

John Adams (second U.S. president) and James Madison (fourth U.S. president) issued proclamations recommending such observances as a “National Day of Humiliation, Fasting, and Prayer” or a “Day of Public Thanksgiving for Peace.” Thomas Jefferson (third U.S. president), however, believed in the separation of church and state and that the federal government should not have the power to dictate when the public should observe a religious demonstration of piety, such as a national day of thanksgiving. 

In a private letter written to Rev. Samuel Miller in 1808, Jefferson wrote: “I do not believe it is for the interest of religion to invite the civil magistrate to direct its exercises, its discipline or its doctrines: nor of the religious societies that the General government should be invested with the power of effecting any uniformity of time or matter among them. Fasting & prayer are religious exercises. The enjoining them is an act of discipline. Every religious society has a right to determine for itself the times for these exercises & the objects proper for them according to their own particular tenets; and this right can never be safer than in their own hands, where the constitution has deposited it.” 

While religious Thanksgiving services continued at a local or state level, after Madison no further presidential proclamations marked Thanksgiving until the Civil War of the 1860s. 

Thanksgiving Becomes a Federal Holiday

It wasn’t until 1863, during the Civil War, that President Abraham Lincoln proclaimed a national Thanksgiving Day to be held each November.

A Depiction of Thanksgiving Day, 1858, by Winslow Homer. Courtesy of the Boston Public Library.
A depiction of Thanksgiving in 1858, by Winslow Homer. 
Image courtesy of the Boston Public Library.

In addition, President Lincoln proclaimed Thursday, November 26, 1863, as Thanksgiving. Lincoln’s proclamation harkened back to Washington’s, as he also thanked God following a bloody military confrontation.

Lincoln expressed gratitude to God and thanks to the Army for emerging successfully from the Battle of Gettysburg. He enumerated the blessings of the American people and called upon his countrymen to “set apart and observe the last Thursday of November next, as a day of Thanksgiving and Praise.” As of that year, Thanksgiving was celebrated on the last Thursday in November.

Thanksgiving is briefly moved to the third Thursday in November.

In 1939, President Franklin D. Roosevelt changed Thanksgiving from the last Thursday in November to the second to the last Thursday. It was the tail end of the Depression, and Roosevelt’s goal was to create more shopping days before Christmas and boost the economy. However, many people continued to celebrate Thanksgiving on the last Thursday in November, unhappy that the holiday’s date had been meddled with. You could argue, however, that this helped create the shopping craze known as Black Friday.

In 1941, to end any confusion, the president and Congress established Thanksgiving as a United States federal holiday to be celebrated on the fourth Thursday in November, which is how it stands today!

Of course, Thanksgiving was not born of presidential proclamations. Read about Sarah Josepha Hale, the “Godmother of Thanksgiving,” who helped turn this historic feast into a national holiday.

Which one do I want they all cook so good?


Steve Bannon Previews Resistance Of Democratic Mayors And Governors Against Deportations


Posted originally on Rumble By Bannons War Room on Nov 26, 2024 at 1:00 pm EST

Alex Gray: The Necessity To Acquire Greenland As Deterrent Against America’s Strengthening


Posted originally on Rumble By Bannons War Room on Nov 26, 2024 at 1:00 pm EST

Canada Responds to Trump Tariffs – Trudeau Talks About “Feelings”, Doug Ford Says, “Hey, We’re not Mexicans”


Posted originally on the CTH on November 26, 2024 | Sundance 

The reactions to President Trump’s border security tariffs are not quite as funny from Canada, as they were Mexico, but they are still funny.

A subdued and despondent Justin Trudeau said he and President Trump spoke last night, and he stresses the importance of the bond and relationship; you know, the ‘feels’.  WATCH:

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Meanwhile, in a far more funny and less politically correct reaction, Ontario Premier Doug Ford says, ‘hey, wait a minute, we aren’t Mexicans’. WATCH:

Oh snap, Dad’s home!

Bannon Previews The Building Of Cadres Consisting Of The “Next Rising Generation Of Superstars”


Posted originally on Rumble By Bannons War Room on Nov 26, 2024 at 1:00 pm EST