As if, on cue:

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CTH – […] The problem for China, and ultimately for Germany, is that Trump’s trade reset has stopped a big amount of U.S. wealth from arriving in Beijing. Simultaneously, Beijing is countering Trump’s tariffs by devaluing their currency. The rebound economic impact is doubled. China has: (1) less income; and (2) less value within their own currency.

Where does this dynamic show up?

…. Anytime China is going to buy something.

China’s currency devaluation makes their exports cheaper; however, at the same time it makes any of their imports more expensive. As a consequence China buys less… and that now exhibits in lower purchases of German stuff. See how that happens?

So yeah, the ramifications for Merkel’s German economy -twice as bad as originally forecast- are based on China fighting Trump. The fact that China is bleeding cash, and has simultaneously dropped the value of their currency, means China can’t buy stuff.

All of those nations who were counting on Chinese purchases are now going bananas. This is why the multinationals blame Donald Trump… and to make matters even worse – the U.S. economy is thriving, while they watch from the sidelines. It’s a delicious dynamic.  (read more)

The jaw-dropping elitism expressed by British members of parliament continued today as globalists in the Conservative Party joined with globalists in the Labour Party and passed a bill in the UK House of Commons to block no-deal Brexit.  Their goal is to handcuff Prime Minister Boris Johnson from leaving the EU on October 31st.  [Backstory Here]

The multinational banks and financial elite have poured money toward the anti-Brexit politicians (both parties) and deployed all media efforts in an attempt to stop the U.K from leaving the European Union despite the majority of British who voted to leave in 2016.

The latest move by the elitist group, led by far-left Jeremy Corbyn, forces the U.K. to say in the EU until an agreement to exit the EU is affirmed.  However, the actual purpose of the bill is to empower the EU never to agree to *any* terms of Brexit, thereby keeping the U.K. in the EU forever.

Boris Johnson has requested a mid-October general election so the British people can remove the elitist politicians.  However, two-thirds of those same politicians would have to agree to allow a vote that would eliminate their position.  Therefore, the pontificating elite are also blocking any effort at a snap election.  It’s a mess.

Right now the upper chamber (House of Lords) has threatened to filibuster the lower chamber (House of Commons) bill in an effort to help their Prime Minister.  However, there is also a possibility Prime Minister Johnson could intentionally just ignore the law (if passed), proceed toward a no-deal Brexit and force Parliament to vote him out of office; which would trigger the general election vote the Prime Minister is seeking.

It’s a classic case of elitist politicians trying all parliamentary rules to override the majority vote of the people in the country.

Two centuries ago the masses would have already taken arms against their overseers, stormed the gates and hung the politicians from Tower Bridge.  Unfortunately, in 2019 it’s less likely to happen… Although if the elitist politicians keep this up, well, you never know.

(Via AP) – In a second straight day of parliamentary turmoil, the House of Commons voted by 327-299 in favor of an opposition bill to block a no-deal Brexit, sending it to Parliament’s upper chamber, the House of Lords.

Even so, the bill’s fate is unsure. With Johnson set to suspend Parliament for several weeks starting next week, pro-Brexit peers in the Lords are threatening to try to stop it by filibustering until time runs out.

“There is very little time left,” said Labour Party lawmaker Hilary Benn as he introduced the opposition bill. “The purpose of the bill is very simple: to ensure that the United Kingdom does not leave the European Union on the 31st of October without an agreement.”

The bill would require the government to ask the EU to delay Brexit until Jan. 31, 2020, if it can’t secure a deal with the bloc by late October.

The lawmakers hope to pass the bill into law — a process that can take months — by the end of the week, because Johnson plans to suspend Parliament at some point next week until Oct. 14.

Johnson became prime minister in July by promising to lead Britain out of the EU, breaking the impasse that has paralyzed the country’s politics since voters decided in June 2016 to leave the bloc. But he is caught between the EU, which refuses to renegotiate the deal it stuck with May, and a majority of British lawmakers opposed to leaving without an agreement. Most economists say a no-deal Brexit would cause severe economic disruption and plunge the U.K. into recession. (read more)

Perhaps nothing personifies the elitist outlook more than this letter from Phillip Lee a member of Boris Johnson’s own party who is resigning because the Prime Minister continues to listen to the unwashed people, disregard the elites and pursue Brexit.

Read this:

(Source)

…”the twin diseases of populism and English nationalism”?

Dr Lee is apoplectic that any politician might listen to the British people.

MP Phillip Lee openly states any British person who wants to leave the EU is suffering from a disease of wrongful thought; and accuses them of British patriotism.  How dare they be so bold….

The open elitist worldview is really quite remarkable.