Tag Archives: Hunt for Taxes

Sep 8 2019

President Trump Cancels Secret Meeting With Taliban Leadership at Camp David…


Re-Posted from The Conservative Tree House on September 7, 2019 by 

Wow. This secret meeting is surprising on many levels….

Big Picture:  President Trump wants to get out of Afghanistan.  Pakistan is on the supportive side of the Taliban terrorists. India is on the supportive side of the Afghanistan government. China is the biggest financial supporter of Pakistan government. India is big  financial supporter of the Afghanistan government.

U.S. President Trump has told Pakistan he expects them to bring the Taliban to the table of negotiation with the Afghanistan government.  To stimulate this outcome the U.S. has withdrawn financial support for Pakistan, pending progress. However, Pakistan replaced U.S. support with larger financial investment by China.

So in the background the Taliban terrorists are hiding behind the skirt of China; while the U.S. and India try to drag the Taliban out of that safe place.  It’s a mess; but now we know the motives behind why this was happening…

Last year President Trump tweeted about the “Pakistani Mystery Man” and the transparent media avoided the story like it was political Ebola.

Learn About Pakistani Mystery Man HERE

The results of the Pakistan intrusion into the U.S. political systems was almost guaranteed to be part of an operation to send the intelligence to China.

Unfortunately, the ramifications for a corrupted branch of government, via Democrats inside the House Permanent Select Committee on Intelligence (HPSCI), led to the U.S. Department of Justice covering up the massive scandal and quickly sweeping the Pakistani infiltrators out of the United States.

It’s essentially the same thing the DOJ did with Senate Select Committee on Intelligence infiltrator and intelligence leaker, Security Director James Wolfe.  Again, the DOJ hiding jaw-dropping intelligence corruption within a branch of government.

Turn the page, and keep reading and you discover, Dianne Feinstein’s Chinese spies in her office… while she was Chairwoman of the Senate Select Committee on Intelligence… Outcome?  Same/Same.

Anyone noting a pattern yet?…

Just sayin’

Sep 8 2019

Brexit is a Gordian Knot – Who Is The World’s Premier Gordian Knot Cutter?….


Re-Posted from The Conservative Tree House on September 7, 2019 by 

The Gordian Knot of Brexit is based on a Parliamentary ruling class within the U.K. government who will not accept Great Britain leaving the European Union.

The elitist Members of Parliament (MP) have passed a law requiring Prime Minister Boris Johnson to forever stay in the EU until an agreement for terms of exit are reached.  However, the EU doesn’t want the U.K. to exit; so the consequence of the MP law is to ‘remain’ in the EU forever.  This elitist scheme has created the knot; and the majority of the British people -those who voted to ‘leave’- are insufferably bound within it.

In one approach to cutting the knot Prime Minister Boris Johnson has requested a national vote for government leadership on October 15th.  With a scheduled round of talks with the EU set for October 17th, a Boris Johnson election victory would create the needed momentum toward a hard-brexit (no deal) on October 31st.  Britain would, finally, be free.

However, the MP ruling class, those who say they know better than the people they are supposed to serve, know such a popular vote would upend their schemes – and likely lead to many of their alliance being removed from office.  So the elites will not support a national election that would lead to their own defeat. [More knot building].

A second knot-cutting tactic implied by the Prime Minister, is to ignore the insufferable law –recently passed and pending signature– and proceed toward a ‘no-deal’ Brexit on October 31st.

This approach could lead to the British Parliament being forced to vote against the Prime Minister (no confidence); and would set up a replacement election, which Boris Johnson wants anyway.  Actually, no-one is quite sure what will happen on this second knot-cutting avenue… no map available.

Many Americans are watching the part where we see just how ideologically corrupt politicians are within British government; and how much they have lied and conned the British people.

Similar to the republican elitist class (Never Trump) who came out of the shadows against President Donald Trump, the never-Brexit British masks are dropping at an alarming rate.  Trump supporters have a great deal in common with Brexiteers.

However, beyond the domestic politics…. there’s an economic geopolitical aspect only a few smart people (YOU) in the U.S. have been paying attention to.  If you stand back and overlay what you know about the Trumpian global trade reset, there’s a familiar picture.

When it comes to the Trump global trade realignment, Prime Minister Boris Johnson is currently positioned to the EU as Japanese Prime Minister Shinzo Abe was to China.

In early 2017, culminating in November 2017 tour of Asia, President Trump worked with Japanese Prime Minister Shinzo Abe to start the process for southeast Asia countries to think about what could/would happen when the Trump administration triggered the trade reset with China.

In the two years that followed Trump’s visit, the ASEAN nations recognized what those 2017 discussions were all about.  Japan (Abe), South Korea (Moon Jae-in), Malaysia (Mahathir Mohammed), Vietnam (Tran Dai Quang), Philippines (Rodrigo Duterte), and India via Narendra Modi, all realized the China strategy of President Trump was going to provide a significant economic opportunity to replace Chinese manufacturing in Asia.

In the background of the 2019 Brexit mess, Boris Johnson is similarly positioned to where Shinzo Abe was in 2017.  If you take the trade reset strategy and replace China with the EU you can see a possibility for the future.

Economically both China and the EU have been receiving one-side benefits through the manipulation of the U.S. economy at the hands of the multinationals.  Both have exfiltrated massive amounts of U.S. wealth; and both sets of Wall Street lobbying assemblies have paid corrupt U.S. politicians handsomely to continue this indulgence.

President Trump has already hinted at his goal regarding the EU and the trade reset.  The administration objective is free, fair and reciprocal trade; meaning: no tariffs, no non-tariff barriers, no subsidies and no protectionism.  However, the EU group is the most hypocritical and protectionist trade bloc in the world. [Yes, in many ways similar to China sans the overt theft and communist aspect.]

The EU has balked at any request to drop their protectionist policies, and the generational  benefits of the post-WWII Marshal Plan will have to be pried from their cold dead fingers. The EU, with particular emphasis on France and Germany, are not about to allow the U.S. to take away the one-way tariffs they use to indulge their social welfare programs.

All of the indicators are there.  Once the USMCA is booked (North America terms settled), we can see Trump taking a similar approach with the EU as he did with China.

With that in mind, Brexit becomes the leverage Trump needs to force the EU to accept terms.  President Trump has been working with Boris Johnson on the framework of an agreement in principle for a U.S-U.K. trade agreement.

Here’s where it all comes together:

If Johnson delivers Brexit, soon thereafter President Trump announces matching tariffs against the EU equal to the tariffs they currently have on U.S. products.  The EU will again balk at the idea of negotiating new trade terms.  That’s where the U.K. (no longer in the EU) comes in.

North America and the U.K. would have a cross-Atlantic trade super-highway.  EU countries who wish to avoid Trump’s tariffs would have the U.K as a gateway.  EU nations can/will use the UK as an assembly and distribution hub for EU goods.  This would mean massive benefit to the British economy.

The issue that impedes this plan is the current Gordian knot with Brexit.

Don’t be surprised to see the world’s premier Gordian Knot cutter, Donald J Trump, reverse the order of his plan in order to create leverage favorable to Boris Johnson.

Meaning, don’t be surprised to see significant U.S. announcements about tariffs against EU goods, which will have specific focus on French and German products, as President Trump starts applying leverage to support Brexit….

Keep watching.

CNN

Trump’s other trade war could hit European cheeses and olive oil

The steady stream of customers walking into Di Palo’s on a recent afternoon were greeted by giant cheese wheels, meat hanging from the ceiling and bottles of olive oil lined up on the shelves — a…

cnn.com

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Sep 7 2019

All Bob’s Money


Armstrong Economics Blog/Politics

Re-Posted Sep 7, 2019 by Martin Armstrong

 

Sep 7 2019

AMLO Drops the Hammer on African Migrants in Mexico…


Re-Posted from The Conservative Tree house on September 6, 2019 by 

I am thankful every day that we have a businessman in the White House who brilliantly understands how to leverage U.S. economic power to achieve national security objectives.

While remaining under the threat of punishing U.S. tariffs, Mexican President Andres Manuel Lopez-Obrador (aka AMLO) is strictly enforcing migrant blockades to stop the unlawful travel of Central American migrants to the U.S. border.

(Via AP) […] Foreign Secretary Marcelo Ebrard said he believes Mexico’s strategy of cracking down on illegal migration with a National Guard deployment, investment in Central America and allowing the U.S. to make more asylum seekers wait in Mexico is enough to avert President Donald Trump’s threat to impose tariffs on all Mexican imports.

Ebrard is scheduled to meet with U.S. officials Tuesday at the White House to review the progress.

Mexican President Andres Manuel López Obrador, a leftist who took office Dec. 1 promising better treatment of migrants, instead has embraced the fight against migrant smuggling.

In recent weeks, he has seldom mentioned the U.S. pressure and depicts the crackdown on migrants as a struggle to defend Mexican laws. His administration has taken a tough line against hundreds of African migrants waiting in the southern city of Tapachula for transit visas that Mexico no longer hands out.

“We will not budge,” he said after the Africans protested, “because the recent events in Tapachula aim to make Mexico yield and oblige us to give out certificates so migrants can get into the United States. We cannot do that. It isn’t our job.”

He said migrant caravans once tolerated by Mexico were the work of human traffickers, and effectively ended them.

“All of these people who traffic with migrants’ needs for jobs, safety and welfare, they are committing a crime and they will be punished,” López Obrador said last week. “We are already doing this in Mexico, without violating human rights. We are ensuring there isn’t anarchy, disorder.”

Migrant-rights activists say López Obrador is simply dressing up the fact that he yielded to Trump’s pressure tactics.

[…] Mexico has raided freight trains that migrants ride north, and pulled thousands off buses and out of the freight compartments of trucks. The government has warned bus and taxi drivers they could lose their permits if they transport migrants. (read more)

The Associated Press

✔@AP

Eight-and-a-half-months pregnant and experiencing contractions, a Salvadoran woman who had crossed the Rio Grande and was apprehended by the Border Patrol was forced to go back to Mexico. http://apne.ws/nGSyv9c 

US tells migrant woman 8 months pregnant to wait in Mexico

MATAMOROS, Mexico (AP) — Eight-and-a-half-months pregnant and experiencing contractions, an El Salvadoran woman crossed the Rio Grande — only to be apprehended by the Border Patrol. She was not…

apnews.com

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Hopefully, with continued strategic policy success, we will soon reach a point where American voters will only accept business leaders as presidential candidates.

…”Complicated business folks… Complicated business”….

Sep 7 2019

Merkel Takes Her Tin Cup to China…


Re-Posted from The Conservative Tree House on September 6, 2019 by 

As if, on cue:

.

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)

Sep 7 2019

Chairman Larry Kudlow Discusses August Jobs and Labor Report…


Re-Posted from The Conservative Tree House on September 6, 2019 by 

White House Economic Council Chairman Larry Kudlow discusses the August jobs report and the latest on China trade negotiations. Main Street USA is thriving, and the U.S. economy is very strong.

Sep 7 2019

August Report: 130,000 Jobs Added, Annual Wage Growth 3.2%, Three Month Wage Growth 4.2%…


Re-Posted from The Conservative Tree House on September 6, 2019 by 

The Bureau of Labor Statistics released the August Jobs Report showing 130,000 jobs added during the month.  Year-over-year wage growth remains 3.2%, with a very strong three month wage growth showing gains of 4.2%.

Overall the top line growth of 130k jobs sounds modest; but jumpin’ ju-ju bones, the data underneath the top line is extremely strong and highlights exactly why wage rates have been rapidly increasing over the past three months.  [Table A – BLS Report]

  • The civilian labor force increased by 571,000 workers in August.
  • The number of employed Americans jumped up by 590,000 in August.
  • The number of people not in the labor force dropped by 364,000 in August.
  • The workforce participation rate increased 0.2 to 63.2 percent in August.

With a tight labor market we are seeing the natural upward pressure on wages. In the past four months wage rates have increased 4.2% [Table B-3], and from the employment data it appears those large wage incentives are bringing people back into the workforce.

Year-over-year the number of employed Americans has grown by 2,274,000 people.

Trump War Room

✔@TrumpWarRoom

CNN’s Christine Romans: “More than 500,000 people entered the labor market…that is an important sign of success in the labor market right now.”

Embedded video

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Sep 6 2019

Trump Tweet-Trolls Iran Regime After ‘Catastrophic Accident’ at Safir Missile Site


Published on Sep 4, 2019

Sep 6 2019

Despite Trump Tariffs U.S. Firms Still Bullish on China, But for How Long?


Published on Sep 4, 2019

Despite President Trump’s punitive tariffs on Chinese imports to the U.S., American businesses seem bullish on China, with profits up, and few interested in moving manufacturing out of the People’s Republic. They say they’ll stay even though they think China cheats them and favors their competitors. But Bill Whittle sees trouble down the road for China’s long-running economic surge, as its middle class swells, wages rise, and the Communist government’s oppression of Hong Kong makes it a stench in the nostrils of the Western world. How long can China keep one foot in free markets and one in centralized control?
Sep 6 2019

Currency Which Expires – That’s the Solution – Or Just Cancel it all?


Armstrong Economics Blog/Economics

Re-Posted Sep 6, 2019 by Martin Armstrong

Back during the Great Depression, there were people who theorized that gold hoarding was preventing economic recovery. There is always this same theory that people who save hoarding their money and are not spending it results in the lack of a recovery suppressing demand. This theory has been around for a very long time. It assumes a recovery is always blocked by people hoarding their money and saving for a rainy day.

Back during the American Civil War, the federal government issued paper currency for the first time after the Revolution. Much of this currency paid interest. Some were in the form of virtually circulating bonds with coupons for the interest payments. Some were backed by gold. Others offered a table on the reverse providing a schedule. The interest baring notes remained valid currency, but the interest expired within a specific time period. Hence, one would redeem the note since it would no longer pay interest beyond a specific date.

The rumbling behind the curtain I am hearing is a growing idea of making the currency in Europe simply expire. I have explained before that in Europe currency routinely expires – even in Britain. The United States has never canceled its currency so a note from the Civil War is still legal tender. But that is not the case in Europe.

Europeans are accustomed to having their money simply expire. This is not limited to paper currency. They also cancel the coins. The proposal being whispered in the dark halls of Europe is that perhaps the way to impose negative rates to force people to spend is to just cancel all the currency and authorize only small notes for pocket change. They want everyone to be forced to use bank cards and this is the new theory to revitalize the economy.

The chart patterns for the Euro are about as long-term bearish as one can imagine. The problem facing the world economy is this idea that they can even FORCE people to spend their savings recklessly as the government does. Canceling the euro may be a drastic and desperate step, but it is being proposed as an alternative to deep negative interest rates which have failed to work for more than 10 years. The middle ground proposes a paper currency with expiration dates.

Either way, the risk of a profound dollar rally remains in the wings. The powers behind the curtain desperately want to defeat Trump for they know he would NEVER cancel the American currency. To pull that off, they need a career politician. Joe Biden would be perfect. He might just sign whatever bill is put before him and then take a nap. It is ironic, but there would be a lot of Americans who would wake up and want Trump bank after that one. Joe would be too tired to tweet.