Premier John Horgan of BC in Canada was joined by Finance Minister Carole James and Attorney General David Eby at a press conference in Victoria, BC, where they announced plans to move forward with a public inquiry in light of recent findings on money laundering.
The real estate bubble in Vancouver was built on a tax-free principal residence exemption and greedy politicians who were eager to benefit however they could. Now that the bubble has burst, they need to blame someone other than themselves. They released a report claiming that dirty foreign capital was the cause of the real estate boom. The real estate market is now under investigation for money laundering. It had been obvious for a long time that capital was parking in Vancouver. Now the twist will be to investigate and see where the money came from. If they can determine it is tainted, they will confiscate the property. Now that the boom is over and money flow has ended, it is time to investigate everyone to see if they can pick up some extra cash with allegations of money laundering. That should help prices decline even further.
Nigel Farage’s Brexit Party is poised to dominate the upcoming European elections in the U.K., according to spread betting firm Sporting Index. Nigel appears to be leading with his new party to take 28 seats. Prime Minister Theresa May’s Conservatives will win perhaps seven and Labour will take 13 with the Liberal Democrats coming in at about 12 seats. Of course, the Sporting Index predictions have been consistently wrong on their forecasts. As Nigel pointed out at the WEC in Rome, we were the only ones who got it right.
They made a forecast that was good on the trend. About two hours before the vote on May’s Brexit deal, the spread betting firm forecast she’d lose by 60 votes. She was defeated by 58. The Guardian ran the headline:
The complete mess that PM May has created over BREXIT is just indescribable. She is determined to accept Brussel’s demands regardless of the consequences. She has even admitted that she could give into Labour’s demands to stay in customs union. Her entire policy seems to be to push it to the end and hope that the choice between a hard exit and her way will end with her victory. This has been a very dictatorial approach. PM May offered lawmakers a vote on whether her Brexit deal should be subject to a referendum, in a last-ditch bid to save it. Last time MPs voted on a second referendum, there was just a 12- vote difference, with 280 backing a confirmatory vote on a deal and 292 because Parliament is dominated by those who are against BREXIT as is PM May. This rising fear is that Senior Labour MPs are talking behind the curtain urging that Jeremy Corbyn should vote for a second referendum or face an unequivocal victory of Nigel Farage in the European elections.
This is a very public letter. Obviously British diplomats, politicians and intelligence officials will have immediately read it. Perhaps Chairman Devin Nunes is opening the door for President Trump to aid in a more, well, diplomatic approach to the questions.
Heck, there’s no guarantee Theresa May will still be Prime Minister on Friday. The U.K. election for representatives to the EU parliament is tomorrow, Thursday 5/23/19. There’s a possibility Nigel Farage’s newly formed Brexit Party is going to win big in that election…. If that happens, U.K. politics will be completely disrupted.
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BNL NEWS@BreakingNLive
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BREAKING NEWS: U.K. PM Theresa May to resign tonight, following badly criticized handling of Brexit – reports
The White House provided a background presser for information about President Trump and First Lady Melania Trump’s upcoming state visit to Japan. [Transcript below] There are some interesting aspects to the itinerary as outlined; however, first, it’s important to emphasize the context.
As CTH shared earlier: At the highest levels of finance and business; in a process within both private industry and the geopolitical realm of government; a key aspect to every long-term strategic reset is the formation of an alliance. Every successful titan of industry who has structurally changed history has influenced an alliance toward the effort.
I strongly suspect, in anticipation of the China confrontation; and considering the scale of the consequences therein; President Trump selected Japanese Prime Minister Shinzo Abe as the center of an Indo-Pacific alliance (several years ago). With the knowledge of USTR Lighthizer heading to Japan with an advance trade team…. now consider:
Via Teleconference – 2:31 P.M. EDT – PRESS OFFICER: Good afternoon, everybody. I’m happy you all could join. We have with us today [senior administration official]. He’ll be providing some brief remarks about the President’s upcoming trip to Japan and a few Q&A afterwards. This will be on background and you can attribute what he says to a senior administration official.
The time is going to be extremely limited, so we ask that you limit the questions to the trip itself. And we’ll take as many of those as we can in the time that’s allotted for us.
If there’s any questions or concerns following, or, you know, follow up or anything like this, I think most of you would have our contact at NSC press. Please reach out to me or to that distribution and we’ll take care of that.
With that, I’ll turn to my colleague for a few opening remarks and then we’ll do the Q&A.
SENIOR ADMINISTRATION OFFICIAL: Great. Thanks. And thanks for dialing in this afternoon, everybody. So the President and the First Lady will be traveling to Japan this Saturday, May 25th, and returning to the U.S. on Tuesday, May 28th.
As Japan’s first state guests following the enthronement of His Majesty Emperor Naruhito on the first of May, this visit by the President comes really at a historic moment in Japan and it demonstrates that the alliance between the United States and Japan has never been stronger.
The alliance serves as the cornerstone of peace and security in the Indo-Pacific region. The United States’ and Japan’s shared vision for a free and open Indo-Pacific serves as the foundation for a global partnership that strengthens security, prosperity, and a rules-based order around the world.
After his arrival on Saturday night, the President is going to meet informally with Prime Minister Abe on Sunday, and also join him that day in watching a sumo wrestling match.
On Monday, the President will have a state call on Their Majesties, the Emperor and Empress, followed by bilateral meetings with Prime Minister Abe and his team.
That evening, the Imperial Family will host the President and the First Lady at a state banquet.
The President and the First Lady will bid farewell to Their Majesties in the morning, on Tuesday, and then they will proceed — the President will proceed to the Yokosuka U.S. Naval Base where he will honor our troops for Memorial Day.
So, with that, I’d be happy to entertain some questions.
Q Hi, this is Steve Herman, Voice of America. I’m wondering if we’re going to have any deliverables on trade or on defense issues as a result of this visit.
SENIOR ADMINISTRATION OFFICIAL: Yeah, Steve, thanks for that. In terms of deliverables, there’ll be some things coming out over the course of the visit. The President and Prime Minister Abe will likely hold a joint press conference where they’ll have some very interesting announcements covering, really, the range of the relationship. Thanks.
Q Hi, this is Katie Rogers with The New York Times. I’m wondering if you can go into the Tuesday visit to the base at all. Is the President expected to tour any vessels or look at any equipment? I’m just kind of wondering what he is going to say in terms of security there and the alliance there, and what he’ll actually be doing at the base.
SENIOR ADMINISTRATION OFFICIAL: Sure. Yeah. You know, he’s going to have a chance to see the base, see one of our warships. He’ll have the chance to address troops, to talk about Memorial Day, but also really to talk about the strength of the Japan alliance, to talk about the importance of the alliance in deterring aggression in the region, and also to highlight the regional but also global nature of the partnership between Japan and the U.S.
So we’ll have more details in coming days on the exact schedule there.
Q Thanks again for doing the call. I wanted to follow up on the more cultural aspect. You said that they’ll have an informal activity on Sunday. We’re all assuming that’s golf. But if you could confirm.
And secondly, he’s supposed to attend, as you mentioned, the sumo match, but there are some reports that that’s now in question because of security. So I was wondering if you could also speak to that and confirm that the sumo is on.
SENIOR ADMINISTRATION OFFICIAL: Yeah, thanks for the question. The full detailed schedule will come out a little bit later when we get closer to the day.
But the sumo event is very much on. I am not aware of the reports that you mentioned. This is what’s called the Spring Basho Sumo Tournament. It’s a major sumo tournament. The President will have the opportunity to see some of the matches together with the Prime Minister. Thanks.
Q Hi, this is Jeff Mason with Reuters. Two follow-ups. One, can you say anything more about what’s expected to come in terms of trade? Will there will be an agreement this weekend, which had been reported at one point?
And secondly, regarding the sumo, can you give us any color about the Trump Cup and what the President plans to bring to that?
SENIOR ADMINISTRATION OFFICIAL: I missed the last part of your question you said about sumo. Could you repeat that?
Q The first question was about trade. Do you expect to have an agreement? And the second one was about what he’s bringing to the sumo wrestling match.
SENIOR ADMINISTRATION OFFICIAL: Right. Okay. You know, on trade, our trade and investment relations with Japan have, really, never been stronger. And the President intends to promote bilateral, free, and fair trade. It’s something he’s been doing consistently in his meetings with the Japanese.
I don’t think that the purpose of this trip is to focus on trade. It’s really to be state guests of Their Majesties. And that’s really the heart of the visit. It’s a celebration of their new roles and this new era that’s been kicked off — the Reiwa era — and a chance to celebrate the alliance.
And I don’t have any details for you on other aspects of the sumo match at the moment.
Q Hey, this is Ashley Parker from The Washington Post. It sounds like this trip, as you’ve described it, and what we’ve heard from others, is sort of more ceremonial than substantive and policy oriented. So considering the President is heading back to Japan for the G20 in just about a month, can you sort of explain the White House and the President’s thinking behind why he accepted this trip and what he hopes to get out of it?
SENIOR ADMINISTRATION OFFICIAL: Yeah. I don’t want to give the impression that it won’t be substantive. It’s going to cover quite a broad range of topics in the relationship. There will be some substantive things to announce. So there will be ceremony but there will also be substance in this visit.
And remember, this is the second time that President Trump has met with Prime Minister Abe in the space of a month. He’ll be visiting again, as you mentioned — he’ll be going to Osaka, for the G20, in late June.
So three visits in both directions in a short amount of time is really emblematic of just how close the relationship is. I mean, President Trump and Prime Minister Abe have met or spoken more than 40 times since President Trump was elected. That is absolutely unprecedented in terms of just of the frequency and substance of all of their interactions.
Prime Minister Abe, you’ll remember, he was the first world leader to meet with President Trump. And now President Trump is going to be the first world leader to meet with the new emperor. So they’ll have plenty of substance to discuss and some things to announce as well.
All of the geopolitical indicators are present…. and it is important to remember that historic trilateral Buenos Aires summit between President Trump, Prime Minister Shinzo Abe and India’s Prime Minister Modi.
Taken in totality with the November 2017 “Golden Ticket” tour of Asia, it looks like President Trump structured two facets of the Indo-Pacific alliance, as far back as 2017, to be a hedge against China.
It appears that President Trump started his administration with a plan for a broad alliance of ASEAN (Association of South-East Asian Nations) to replace the U.S. economic engagement with China. More specifically, it appears to me that President Trump is using Japan as the fulcrum, and repaying Shinzo Abe by working with Modi (India) to open up the India economy.
There’s a similar precedent for this. Historically, think about how the U.S. helped Canada by using the scale of the U.S. economy to open trade doors, and then leveraging the engaged country to also permit Canadian benefit (entry).
It looks like President Trump is using the ASEAN and Indo-Pacific alliance as the hedge against China. Japan is key for this to work; and then Trump repays Japan by opening up the U.S. for India exports, and in turn India opens for Japanese imports.
♦Economic security is national security. ♦The KORUS (South Korea-U.S.) trade deal was already reached last year. ♦Japan essentially controls the TPP group. ♦A new trilateral alliance resets global supply chains (disrupting One Belt/One Road); and yet retains the value of regional manufacturing (Vietnam, Philippines, S-Korea, etc).
If my spidey-sense is correct, Shinzo Abe will be very open to Trump’s unilateral trade requests (perhaps Monday announcement) because Abe sees an enlarging Japanese GDP through new accessibility to India. It’s a win-win-win.
Trump opens up for India (Indo-Pacific).
India opens up for Japan (Indo-Pacficic).
Japan increases investment in U.S.A. [(U.S-Japan trade agreement); and with new focus on national security, an expanded Japanese GDP permits security purchases from U.S.A.]
President Trump and U.S. Attorney General William Barr participate in the 2019 Public Safety Officer Medal of Valor ceremony at the White House. [Video and Transcript]
[Transcript] East Room – 3:25pm EDT – THE PRESIDENT: Thank you very much, Mr. Attorney General. That’s great. Appreciate it.
I welcome everyone to the White House — a very special place — as we award our very bravest law enforcement officers and firefighters our nation’s highest public safety award: the Medal of Valor. Congratulations. It’s a great award. (Applause.)
Also joining us for the ceremony is Deputy Attorney General Jeffrey Rosen. Jeff. And congratulations. (Applause.) Along with a friend of mine — a great senator — Rob Portman. Rob, thank you. (Applause.) And Representative — and one of the best hockey players you’ll ever see — Pete Stauber. Pete, thank you very much. (Applause.)
To the heroes we honor today: This afternoon, we express the gratitude and pride of our nation for your immortal acts of courage.
To the families who join us: You carry a great burden so that our citizens can live in safety and in peace. We cherish and thank each and every one of you.
Here with us today is Trooper Nicholas Cederberg from Oregon State Police. Where is Nicholas? Good. That’s what I thought. On Christmas night of 2016, Nic was with his family when he got a call that a man in the nearby neighborhood of King City had shot and killed a woman and was now speeding through the city streets very dangerously. Nic raced to find him, and soon located the murderer and chased him into a dead-end road. The suspect made a U-turn, rammed right into Nic’s car, and then immediately opened fire.
Nic thought he had it, but he didn’t, because Nic was shot in the hip — very badly injured. He laid on the ground. Amid a barrage of gunfire, he kept firing back, preventing the shooter from escaping until other officers arrived.
That Christmas night, Nic took 12 bullets. After a very tough recovery, Nic survived. And, Trooper Cederberg, we are very honored to have you with us in the White House. Thank you very much. Great job. (Applause.) He looks awfully good. Twelve bullets. He looks good if he took no bullets, you know? (Laughter.) Some pretty good doctors, I guess. Right?
TROOPER CEDERBERG: I had good doctors.
THE PRESIDENT: Great job.
Also with us today is Officer Alan Horujko of the Ohio State University Police. On November 28, 2016, an ISIS-inspired terrorist sped into a crowd of students at Ohio State. I remember that. He then got out of his car and chased them with a knife.
Alan ran to the scene and yelled at the man to drop his knife. The man charged toward Alan after doing a lot of damage to others, but Alan shot him and killed him immediately. Thanks to Alan’s swift action, not a single innocent person that day died. Some very badly injured people, however. Officer Horujko, we are forever grateful. Thank you very much. (Applause.) Thank you. Great.
This afternoon, we also honor two incredible firefighters: Captain Dustin Moore and Firefighter Andrew Freisner of the Lenexa Fire Department in Kansas. In April of 2016, Dustin and Andrew responded to an apartment fire, where they learned that a family was trapped on the second floor. It was looking very bad.
Dustin and Andrew climbed up a ladder to the balcony of the apartment and raced into a blinding hail of smoke and deadly heat. They found a woman who was unconscious and two small children, and carried them all to safety. Captain Moore and Firefighter Freisner, you made a tremendous difference and you make all Americans proud. It was a great job. Thank you very much. Great job. (Applause.) You saved those lives.
Today, we also recognize eight law enforcement officers from Azusa, California: Tommy Avila, Manuel Campos, Seth Chapman, Carlos Plascencia — I didn’t get that great, Carlos, but not bad. (Laughter.) Where is Carlos? I owe you one. (Laughter.) Andrew Rodriguez, Terry Smith, Xavier Torres, and Rocky Wenrick. Thank you, fellas, that’s fantastic. (Applause.) Fantastic.
These officers responded to a call of a crazed man firing at citizens near a voting site on November 8th, 2016. When they arrived, Carlos and Xavier raced through a hail of bullets to save a woman who had been shot in the head. At the same time, Terry, Andrew, and Seth returned fire. Tommy, Rocky, and Manuel drew the gunman out of his house, enabling their fellow officers to shoot him and bring the rampage to an end. A very dangerous situation.
To each of you: You represent the unity, devotion, teamwork, and swift action that makes America’s law enforcement the best and bravest anywhere in the world. Well done. And I want to thank you all for being here. Thank you very much. Thank you. (Applause.)
And earlier today, in a private ceremony, I was profoundly honored to present the Medal of Valor to the families of two fallen officers who made the supreme sacrifice in the line of duty: Sergeant Verdell Smith and Officer Brent Thompson.
Sergeant Smith was a member of the Memphis Police Department. In June 2016, a gunman was speeding toward a busy intersection downtown. As Sergeant Smith cleared the street, the attacker struck and fatally injured Sergeant Smith.
I want to just thank Sergeant Smith’s family. Where are you? We just left — where are you, Sergeant Smith’s family? Thank you. Thank you very much. Thank you.
On July 7, 2016, Dallas Police Officer Brent Thompson was on duty during a large protest against law enforcement that soon turned violent when a gunman opened fire on the police. Brent charged across the three-lane road and fired on the shooter. Brent was killed instantly in the firefight, but his act of courage saved many lives. Many, many lives.
An attack on our police is an attack upon our entire nation. Through their sacrifice, Sergeant Smith and Officer Thompson defeated evil men with the goodness and bravery of true American heroes. We are eternally grateful in their debt. Thank you very much. It’s really great.
Every officer, firefighter, and first responder who receives this award embodies the highest ideals of service and sacrifice, character and courage, love and loyalty. Your lives of patriotism, your devotion to duty, and your deeds of valor lift up our entire nation.
Today and every day, we thank God that you were there when our communities needed you the most. And we want to thank you all. And God bless you, God bless law enforcement, and God bless the United States of America. Thank you very much. (Applause.) Thank you.
So now I’d like to ask the military aide to come forward and read the citations as I present these incredible and very brave recipients with the Medal of Valor. Thank you.
MILITARY AIDE: Senior Trooper Nicholas Cederberg.
The Medal of Valor is presented to Senior Trooper Nicholas Cederberg of the Oregon State Police for taking brave and decisive action to bring a murderer to justice on Christmas night, 2016. After an extended vehicle chase, Senior Trooper Cederberg prevented the escape of the killer, placing himself directly in the line of fire and sustaining several life-threatening gunshot wounds.
(The Medal of Valor is presented.) (Applause.)
University Law Enforcement Officer Alan Horujko of the Ohio State University Police Division.
The Medal of Valor is presented to University Law Enforcement Officer Alan Horujko of the Ohio State University Police Division for singlehandedly saving the lives of more than a dozen civilians on the Ohio State University Campus by quickly and skillfully neutralizing a violent knife attacker who had plowed his vehicle into a crowd.
(The Medal of Valor is presented.) (Applause.)
Fire Captain Dustin Moore and Firefighter Paramedic Andrew Freisner.
The Medal of Valor is presented to Fire Captain Dustin Moore and Firefighter Paramedic Andrew Freisner of the Lenexa, Kansas, Fire Department for braving a furious fire and billowing smoke, at great personal risk, to rescue the occupants of a burning apartment building who were within minutes of perishing from the flames.
(The Medal of Valor is presented.) (Applause.)
Retired Lieutenant Xavier Torres, Sergeant Seth Chapman, Retired Sergeant Terry Smith Jr., Sergeant Thomas Avila III, Sergeant Rocky Wenrick, Retired Corporal Andrew Rodriguez Sr., Senior Officer Carlos Plascencia, and Detective Manuel Campos.
The Medal of Valor is presented to these men for acting with composure and bravery in the face of life-threatening danger during a mass shooting on Election Day, 2016. These courageous officers arrived at the deadly and chaotic scene in Azusa, California, and immediately took command, risking their lives to protect innocent civilians and successfully neutralizing the killer.
(The Medal of Valor is presented.) (Applause.)
THE PRESIDENT: These are tremendous people. I want to just congratulate everybody. It’s an amazing honor to have you in the White House. Say hello to your families, and thank you all for being here. Thank you very much. Congratulations.
President Trump was scheduled to meet with House Speaker Nancy Pelosi and Senate Minority Leader Chuck Schumer for a discussion over an infrastructure spending bill. However, after partisan remarks by Nancy Pelosi accusing President Trump of a cover-up, any hope of negotiating an infrastructure bill collapsed. President Trump is angered:
The Rome WEC was a real eye-opener for me. Thank you for coming over to Europe. Especially the reports you released in advance of the conference. “The Fate Of Europe” pdf was especially informative. You’re explaining the structural defects of the EU make it clear it really is a doomed project, and just a matter of time before it, helped along by the ECB, descends into chaos.
Upon arriving home in Sweden I noticed this poster for a Swedish MEP candidate.
”Lagom” is the Swedish notion of the middle way. Not too much, not too little. Basically, blending in and being inoffensive. On the one hand, it’s cute, on the other hand, it’s sad. He’s clearly passionate about his political philosophy, but even if elected, there is Juncker, Tusk, and Verhofstadt waiting in Brussels to dictate to him what he has to do, and the structural flaws of the EU that make it all moot anyway.
Rome had this quality of crumbling neglect about it, like nothing had been repaired in 20 years. Unlike Sweden, that dutifully reinvests a lot of the tax revenue it collects back in infrastructure, Rome appeared starved of money and dying.
What does the computer say about civil unrest and war in Europe? I have the gnawing feeling it’s coming.
BIK
P.S. Thank you for Socrates and your life’s work.
ANSWER: Oh yes. I am familiar with Lagom. My interpretation would be “just the right amount,” so he is a skeptic partially. Unfortunately, the tension should begin to become more pronounced starting in 2020 going into 2022. I am not sure it would be a war, but certainly a rising trend toward independence.
In a clear signal toward the trade conflict with the United States, Chinese Chairman Xi Jinping is preparing his nation for a protracted trade conflict. Chinese state-run media have been deploying propaganda to shift public opinion toward the U.S. as a direct threat, and the latest developments by Xi showcase that agenda.
(South China Post) Chinese President Xi Jinping has called for the nation to embark on a new Long March and “start all over again”, in the most dramatic sign to date that Beijing has given up hope of reaching a trade deal with the United States in the near term.
Xi is in Jiangxi province for his first domestic tour since the escalation of the trade war two weeks ago. Jiangxi is where China’s defeated Red Army started its fabled Long March in 1934, and Xi’s choice of destination is being viewed as an effort to invoke a spirit of endurance and to rally public spirit amid rising tensions with Washington.
“We are here at the starting point of the Long March to remember the time when the Red Army began its journey,” Xi told cheering crowds on Monday, in footage posted on state broadcaster CCTV’s website on Tuesday. “We are now embarking on a new Long March, and we must start all over again.”
While Xi did not directly mention the trade war or the United States, his remarks are being perceived as clear signals that the Chinese public is being told to prepare for hardships because of the worsening external environment. (read more)
It always appeared that President Trump was fully prepared for this outcome. In hindsight it looks even more obvious how President Trump engaged with China while fully expecting to end-up with a direct and adversarial outcome.
As recently explained to Fox News host Steve Hilton, President Trump is in no hurry to continue conciliatory trade discussions because he has mentally moved into the punishment phase of his geopolitical reset.
The confrontation between China’s communist controlled economy and the U.S. free market system is the most significant geopolitical event since the collapse of the Soviet Union. The consequences from this reset are far reaching, and extend beyond the tens of trillions of dollars within the combined economies.
The entire system of global trade and supply-chain economics has entered a state of flux.
Within this dynamic there are opportunities for national economies to benefit if they position themselves within a nationalistic free-trade alliance being assembled by President Trump, Secretary Mnuchin, Secretary Ross and USTR Lighthizer. However, to benefit the political leaders of those nations will have to adjust their outlook.
There are indications within recent political shifts, Poland, Hungary, Italy, Brazil, and Australia as examples, that inherently many nations are aware how global multinational systems -and political leadership- were/are aligned to benefit an elitist few at the expense of the larger population. The visible signs of populist backlash are extensive.
Dr. Michael Pillsbury appears on Fox Business with Lou Dobbs to discuss the current dynamic. Great Watch:
There is a lot going on in Britain. Many fear that Jeremy Corbyn will now win because Theresa May has made a real mess of BREXIT. Consequently, the Telegraph is reporting that Britain’s wealthiest individuals are preparing to leave the country. The fear that Corbyn will take over Britain as the prime minister is rising. He is so left-wing that the #1 question coming from the UK is whether a win for Jeremy Corbyn could be the reason the computer has been projecting the fall of the British pound back to 1985 levels. It is clear that Corbyn just hates the rich. What he preaches has failed, but it does not matter. People like him just feel better hurting others.
Prime Minister May plans to submit another proposal but she is just resubmitting the same ideas rephrased. If she fails this time, the conservatives will ask her to resign. That could take place in June/July giving rise to some very interesting volatility overall.
Steve Bannon appears on Fox Business news to discuss his new label as global “demon” to Beijing for Bannon’s strategic opposition to the rise of Chinese dragonomics.
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Mr. Bannon is correct in outlining President Trump’s long term strategy to break the global supply chain and reset structural trade priorities. There’s a reason why President Trump pours vociferous praise on Xi Jinping while simultaneously executing the most brilliant geopolitical economic reset in history. President Trump is mirroring Beijing’s approach, a panda mask that hides the dragon…
President Trump has been brutally consistent for more than three decades on his intent and purpose with the Chinese. President Trump is the first U.S. President to understand how the red dragon hides behind the panda mask.
Additionally, while carrying out the objectives of the confrontation, Secretary Mnuchin, Secretary Ross, Ambassador Lighthizer and adviser Navarro are well aware of Beijing’s panda mask; POTUS Trump will never let them forget about it.
Some call it ‘Globalism vs Nationalism’, at other times it is best described as “Wall Street -vs- Main Street”; however, the overarching bigger picture is a battle over economics and the financial power structures that oppose President Trump.
CTH has often said ‘everything is about the economics’, because it is. Ask the ‘why’ question five times to any issue and you will find the root issue is money. Power, greed and control, it is all about the money and the economics.
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Opposition to President Trump’s singularly unique and transformational reset of the U.S. economic system boils down to a battle against the ‘Big Club’.
Every political confrontation is a move within this dynamic. The structural battle is not based on party affiliation, it is based on control and ownership of economics. This confrontation represents the biggest challenge; a brief example:
Hundreds of millions were spent on the 2018 election by owners within the ‘Big Club’; at a surface level those expenditures are discussed by punditry thus: “we were outspent” (insert Kevin McCarthy and/or Ronnda McDaniel here). But if you have followed the challenge more closely, over the course of years/decades, you have a more substantive understanding of the dynamic.
Billionaires on one side of the UniParty spend hundreds-of-millions in opposition to the MAGA agenda. That agenda, that economic agenda, is the existential threat to the Big Club’s grip on power.
Here’s the critical aspect: When it comes to the economics, there are no big spending billionaires on the nationalist side of the equation. The interests of Wall Street Democrats and Wall Street Republicans are based on globalism; Wall Street not Main Street.
In the ‘globalist’ multinational, Wall Street dynamic, the Big Club DNC donor base and the Big Club RNC donor base have mutual self interests. Within this interest, President Trump is their unified opposition.
The only defeating mechanism that can structurally override this dynamic is an independent Billionaire and a massive amount of tax-paying small donors, ordinary middle-Americans, who can supplement the financial arsenal. Think back to 2015/2016, and you will see the single-successful-reference for this reality at work.
Everything is about the economics.
The Big Club opposition to President Trump is based on financial best-interest. That opposition is not bound to a political party ideology. It is an ideology based on economics. In essence, this is a structural economic battle that is being waged politically.
Decades of financial policy were intentionally structured to the benefit of the BIG CLUB and the multinational Wall Street alliance represented by U.S. Chamber of Commerce President Tom Donohue. This is not a Republican -vs- Democrat issue; this is a larger confrontation between those who hold financial power and a singular person, President Donald Trump, who is determined to remove that grip.
In headlines: Big Club board member Alan Greenspan declares that President Trump’s tariff policies are “insane” [link]. This expression by Greenspan is directly representative everything noted above.
However, conversely, the outcome of those MAGA tariff policies are EXACTLY what we said they would be. The BLS released information quantifying inflation across all sectors (emphasis mine).
Food – The food index declined 0.1 percent in October as the index for food at home fell 0.2 percent and the index for food away from home rose 0.1 percent. Three of the six major grocery store food group indexes declined in October. The fruits and vegetables index fell 0.7 percent in October, its third consecutive decline.
The index for fresh fruits fell 1.8 percent, while the fresh vegetables index increased 0.3 percent. The index for cereals and bakery products fell 0.6 percent, and the index for dairy and related products declined 0.4 percent. (link)
Notice how the prices for domestic food products are dropping as the MAGAnomic trade policies of President Trump are being carried out. Notice how the timing of the decline is directly related to the tariff actions, and the counter-actions, by the targeted countries.
President Trump is fracturing the multinational corporate ‘controlled market’, and his trade policies are beginning to reconstitute supply and demand pricing in a nationalist market.
This inflation data, specifically within the fastest sector to show indicators (most perishable = fastest turnover) highlights what we have been explaining for years:
[…] 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 national economics. (cont.)
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, including food.
Yes, President Trump, the man and his policy team, is an existential threat to the elitist hierarchy of things well beyond the borders of the DC Swamp. In the era of explaining the complex it’s a planetary economic reset almost too massive and consequential to encapsulate in words.
There are massive 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.
Watch Japan.
Watch Shinzo Abe.
Remember, W. Edwards Demming.
Abe knows the key to the golden ticket.
At the apex of the highest levels of finance and business; in a process that extends within both private business and the geopolitical realm of government; a part of every long-term strategic reset requires an alliance.
News headlines, articles, photos and videos from alternative media and mainstream sources. The EU and Brexit. Internet censorship, the war on free speech and government surveillance. Wars in the Middle East and around the world
“I hope we once again have reminded people that man is not free unless government is limited. There’s a clear cause and effect here that is as neat and predictable as a law of physics: as government expands, liberty contracts.” Ronald Reagan.
