Justin from Canada Talks About His Confidence Defeating President Trump Over NAFTA…


Justin from Canada discusses his confidence at defeating U.S. President Donald Trump over concessions in NAFTA.  Essentially Sparkle Socks argument comes down to his view that women’s rights, climate change and globally progressive policies are more than enough to swat away the territorial annoyances of President Trump.

Is Hillary Clinton Mentally Ill?


Hillary Clinton just can’t get over losing the presidency. Maybe she lost because she’s still calling half the country deplorable racists? The Right Angle team weighs in.

SAVING CALIFORNIA


“The problem with California is Californians.” So says Firewall host Bill Whittle, and he ought to know: he’s been one of them for thirty years. Is great comfort and great ignorance tied together? Why yes. Yes it is. Find out why in the latest edition of FIREWALL.

President Trump Visits Missouri for Business Roundtable – 4:00pm Livestream…


President Donald Trump is traveling to Missouri today to promote recent tax cuts and campaign for Republican U.S. Senate candidate Josh Hawley.  The president is scheduled to visit the Boeing plant in St. Louis where he will hold a round table with business leaders and workers, then plans to attend a fundraiser for the senate candidate.

The roundtable discussion with Boeing business leaders will be livestreamed at 4:00pm

WH Livestream LinkABC News Livestream Link

President Trump Visits San Diego To Review Border Wall Prototypes (Video)…


President Donald Trump traveled to San Diego today for a tour of eight border wall prototypes today along with a speech to members of the military at Marine Corps Air Station Miramar.

This is President Trumps first trip to California as president. The peoples’ president spent about an hour reviewing the 30-foot wall segments near the U.S.-Mexico border. Trump’s promise of building a border wall was the primary visible promise made during the 2016 presidential campaign trail. As president, he has been steadfast in his push for the completed project.

“If you don’t have a wall system, we’re not going to have a country,” Trump said at the site of the prototypes. “There’s a lot of problems in Mexico. They have a lot of problems over there. And they have the cartels. And we’re fighting the cartels, and we’re fighting them hard. … But the fact is, if you don’t have a wall system, it would be bedlam, I imagine.”

Rex Tillerson Removed as Secretary of State…


Secretary of State Rex Tillerson did an excellent job representing the professional and deliberate diplomatic approach of the U.S. and President Trump administration.  His personal view toward foreign service on behalf of the U.S. was exemplary, and deserves high praise.

Having said that, as President Trump stated earlier today, there was also more than a tinge of disunity between the advocated views of Tillerson and the views of the Commander in Chief toward economic national security.   At times the fractures between policy perspectives were visible.  Over time those differences became more obvious.

As Secretary of the DoS Rex Tillerson supported the Paris Climate Treaty; the President did not; Secretary Tillerson supported the Obama administration’s Iran deal; the President did not; Tillerson was more apologetic toward lax immigration policy; the President is not; and there were other visible departures visible surrounding the use of economic leverage to achieve national security advancements, specifically on the issue of China and North Korea policy.

The primary perspective, drawing the greatest contrast, surrounded President Trump’s view and expressed policy of emphasizing strength; particularly economic strength – to gain national security objectives.

After many years of projected weakness by the former administration one of the key tenets of the Trump presidency has been reestablishing national security by focusing on unapologetic U.S. economic power regardless of global opinion therein.

Unapologetic economic power is where the views of President Trump and Secretary Tillerson parted.  T-Rex projected more of a humble and altruistic approach; almost seeming embarrassed at times to participate in discussions of economic conflict and confrontation.  Indeed it often seemed awkward for Mr. Tillerson as he carries a less confrontational and more servant-minded constitution.

While he is not a pure ‘globalist’ per se’, Secretary Tillerson was less deliberate toward achieving territorial economic goals as a method to achieve geopolitical national security.  On matters surrounding these issues, T-Rex was more Wall Street than Main Street; more traditionally republican than change-agent populist.

Despite the media’s inability to see the severity of perspective, President Trump is not going to be swayed on matters of national economics.  POTUS Trump will listen to alternate opinions based on current events, but his forward advancement toward U.S. economic security will not be slowed by high-minded analysis leading to paralysis.   Within his outlook, always in the back of his mind, the clock is ticking… there’s an inherent sense of urgency.

Forcing economic change to enhance the territorial economic security of middle-America requires the ability of the change-agent to ignore the feelings and sensibilities of outside nations who will be confronted in the process.  Diplomacy must be set aside when entering the predatory world of massive trillion dollar economic deals.  There is no room for friends and comfort here, after thirty years of inept acquiescence, from President Trump’s perspective, winning is the only acceptable outcome.

Stopping the exfiltration of American wealth demands severity: “we either have a country or we don’t.”  Within that dynamic the value of diplomacy is necessarily lessened in favor of more deliberate and unapologetic policy advancement.  Inside that dynamic President Trump and Secretary Tillerson did not agree – and that is a major point of disunity.

As Commerce Secretary Wilbur Ross has stated several times: “economic security is national security.”   President Trump fundamentally believes that our national security requires independent U.S. economic security.  Everything is downstream from the economics of the issue, any issue, regardless of the issue – foreign or domestic.

Carrying a sense of urgency toward these national security issues, delicate sensibilities -and the opinion of the media who protect them- are necessarily dispatched like a feather in a hurricane.  Again, “we have no choice”, as often heard from President Trump.

Going into year #2 of the administration the current emphasis is a structural reset in the U.S. approach toward global trade.  “Killers” are of value now; thirty years of talking and losing is over.  As such inside this seismic trade-policy-shift, a parallel geopolitical strategy is being played out from the Middle-East through allies in Europe and into Asia around the rarely moved cornerstones of economics and trade.

National liberty, that is actual liberty – not the perception of liberty, is directly tied to economic victory.  During this reset there are only two groups: predators and prey.

Confronting China (Xi Jinping) economically was/is what brought North Korea (Kim Jong-Un) to the table of discussion to give up their nuclear ambitions; it was not diplomacy that created the breakthrough conditions for a national security win.  What brought China/DPRK to this position was the very real possibility of looming economic defeat.  President Trump’s approach won, Secretary Tillerson was surprised.

President Trump has aligned his economic opponents into his preferred geography. Everyone within sight is either an adversary or an ally.  However, allies are now reduced to being benefactors who will smartly get out of the way while the apex predators destroy their opposition.  Year two is about resolving to achieve economic victory regardless of international collateral damage. There is no longer any room for negotiating terms.  Diplomats retreat to the hilltops.  The era of economic Titans has come again.

Final point – When approaching specific goals and objectives President Trump works through a strategy based on phases.  President Trump doesn’t retain people past their expended usefulness.  Rex Tillerson did an outstanding job as Secretary of State introducing the Trump administration to nations’ of the world.

The diplomatic introductions and niceties are now complete; it’s time to get down to business.

Former Secretary of State Rex Tillerson Press Conference – 2:00pm Livestream…


Former Secretary of State Rex Tillerson is scheduled to hold a press conference moments from now to discuss current events including his exit from the Dept. of State and his replacement by CIA Director Mike Pompeo.

UPDATE: Video Added

PBS News LivestreamNBC News LivestreamCBS News Livestream

The Democratic Party Today – Pat Caddell


Political parties, neither mentioned in the Constitution nor foreseen by the Founders, arose almost immediately and have, generally speaking, served the nation well. The two-party system as we know it today dates to the 1850s. This first CCA of the 2016-2017 academic year will consider the origin and development of the party system, as well as the history, principles, and current state of the Democratic and Republican parties.

Victor D Hanson; (NEW) A Thorough Explanation of California’s Failing Utopian Vision


Welcome to California….! It is a state of a perfect set of laws – at least in the minds of those wedded to the legislative pursuit of social justice. Under the one-party Democrat rules, spending on fairness tops $100 billion every year. Meanwhile, the basic infrastructure of the state, so necessary for the economy long and short term, is collapsing.

 

Will US Companies Repatriating Cash Home Create Banking Crisis Outside USA?


 

QUESTION: Mr. Armstrong; Do you believe that if American companies do repatriate dollars to get the low tax rate in the USA, will this impact foreign banks as capital withdraws? I figured you are the best qualified to answer that question nobody seems to be discussing.

Thank you for sharing your expertise.

SY

ANSWER: That is a very interesting question and it is indeed unique. I cannot think of anyone who has asked that one yet.  Let us assume that U.S. corporations will repatriate at least 25% of their estimated US$2.6 trillion of offshore funds to take advantage of a one-off 14% tax holiday. It will not matter if they are selling euros, yen, pounds, or yuan. Switching their fund from the offshore dollar funding markets to domestic dollars will have a similar impact to the same trend that took place between 1980 and 1985 that drove the dollar to all-time record highs.

American corporations moving capital sends a powerful impulse through global finance system. Despite the rise of China and the creation of the euro, the world has never been so “dollarized” as it is today. The euro is a complete failure for there is no single market with a centralize debt to compete with the dollar as an alternative. China is rising, but it is not ready for prime time. There is no alternative to the dollar. That is the real crisis in the world economy.

U.S. lending rates are critical to the world economy. The Bank for International Settlements (BIS) says offshore dollar funding has risen fivefold to US$10.7 trillion since the early 2000s, with a further US$14 trillion of global dollar debt hidden in derivatives. BIS research also confirms that the rise and fall of the dollar is the major cycle of dollar liquidity which is driving the world’s investment appetite and global asset prices. This liquidity spigot is clearly being turned off. The Fed is not only raising rates, it is also reversing bond purchases exactly OPPOSITE of the ECB which openly admits it will repurchase government debt as it expires. The Fed is shrinking its balance sheet while the ECB is trapped and cannot dare take the same steps.

The BIS is warning that China, Canada, and Hong Kong all have the risk of banking failures that are greater than that of Europe. Apple Inc. said it will bring hundreds of billions of overseas dollars back to the U.S., pay about $38 billion in taxes on the money and spend tens of billions on domestic jobs, manufacturing and data centers in the coming years. That is more than a quarter-trillion. The answer is YES – ABSOLUTELY. US companies will bring back a substantial amount of that money and this will reduce deposits overseas and that will increase the risks of bank failures outside the USA, but probably more so in Asia than Europe. The ECB will most likely prop-up banks no matter what it says.

Mario Draghi will NOT stop Quantitative Easing and he WILL NOT raise rates until he can get out the door. His term at the ECB is for 8 years and sources say he cannot wait to leave. Draghi will extend his signature landmark bond-buying stimulus programme that is just life-support for the member governments at least September 2018 officially but indefinitely until he leaves. He does not want to be blamed for the economic disaster he has created for the world and as such he is trapped in the ECB until October 2019. The question will be can he really keep up this insane losing position that much longer or will the entire house of cards come crashing down.

So look first to bank failure on the rise in Asia, and they will spread to Europe. Nonetheless, there is deep concern about Italian banks and that may be the spark which ignites the next catastrophe.