Trump & China Trade Deal – Cyclically On Target? When Mexican Coins Traded at a Premium to America’s


QUESTION: Marty; Are there any cycles dealing with the trade dispute with China that are relevant?

OP

ANSWER: Actually, yes. The United States created a two-tier monetary system in 1873 to accommodate trade with China who was on a silver standard rather than gold. The actual timing is 17 intervals if the 8.6-year frequency of the ECM, which brings us to 2019.2 (March 19th, 2019). The US began to mint two types of silver dollars. The “Trade Dollar” was used to make payments to China for their standard was different from the West. The idea was promoted by the silver miners because the price of silver began to decline due to increased mining efforts in the western United States.

Use Up/Down Arrow keys to increase or decrease volume.

The silver miners effectively donated huge money to the Democrats to support the price of silver, which ended up nearly bankrupting the United States by 1896 and gave the Democrats the name “Silver Democrats.” It was the presidential election of 1896 in which William Jennings Bryan, the Democratic candidate for president, made his fiery speech that the cancelation of the silver mandates during the Panic of 1893 placed the United States exclusively on a gold standard. The Democrats stood against gold and sought to overvalue silver to satisfy the silver miners who were funding the Democrats back then.

The first trade dollars were struck in 1873, and the majority of the coins were sent to China. Curiously enough, as they began to flood the economy, the coins were officially demonetized in 1876 becoming the first US currency to actually be canceled. Nevertheless, the coins continued to circulate. The actual production ended in 1878. The trade dollar was re-monetized when the Coinage Act of 1965 was signed into law. The main coin in world trade had been the Spanish 8-reales. This became the basis of the American dollar. The Chinese had grown accustomed to the Spanish silver coins and this became their standard. Lacking the true ability to read Western languages, the Chinese were very sensitive to any changes in the coin’s design. Therefore, they were reluctant to accept any coin that was unfamiliar to them. The American silver dollar, 7.5 grains (0.49 g) lighter than its Spanish pillar dollars, which made them unacceptable in Asia. This was the reason for American merchants who had to trade only in Spanish coins during the 1800s which were carrying a premium to American coins.

It was in 1866 when the monetary system in Asia went into chaos. Maximilian I (1864 – 1867) was the only monarch of the Second Mexican Empire. He was a younger brother of the Austrian emperor Franz Joseph I. Maximilian traveled to Mexico and declared himself Emperor of Mexico on April 10th, 1864. He changed the monetary system from reales to peso. The historic 8 reales suddenly became 1 peso in 1866 with his portrait in the European tradition. This altered the Mexican pieces that were recognized in trade to a premium over even the US dollar. Therefore, starting in 1866, this design change caused widespread nonacceptance of the Mexican coins in China. This simple design change altered the coin which had been accepted throughout Asia as the standard.

This is the backdrop to how the Financial Capital of the World slipped through the reign of power from the Spanish to America. Most people have no idea that Mexican coinage was more valuable than America’s prior to 1866.

Magnanimous President Trump Delays State of the Union Address….


A magnanimous and deferential President Trump announced via Twitter his intent to delay the State of the Union address until after the partial government shutdown impasse is resolved…

(Source)

Joel B. Pollak

@joelpollak

Wow. Unexpected.
1. This puts pressure on Pelosi to answer his compromise with one of her own
2. Trump acknowledges the separation of powers (something Obama did not)
3. The president shows a softer side, clearly addressing his key 2020 weakness
Well-played. And cost him nothing.

Donald J. Trump

@realDonaldTrump

As the Shutdown was going on, Nancy Pelosi asked me to give the State of the Union Address. I agreed. She then changed her mind because of the Shutdown, suggesting a later date. This is her prerogative – I will do the Address when the Shutdown is over. I am not looking for an….

571 people are talking about this

Secretary of State Pompeo Discusses Current World Events: Diminishing Globalism -vs- Rising Nationalism…


Secretary of State Mike Pompeo goes one-on-one with Martha MacCallum to discuss his message to the World Economic Forum in Davos, Switzerland and Trump’s approach to NATO.  This is a really strong interview.

Secretary Pompeo brilliantly outlines the value of the nation state, and the principle that when a coalition is formed all members within that coalition (ie. NATO) have a responsibility to participate.  Watch:

Advertisements

President Trump Delivers Remarks During Immigration Roundtable….


Earlier today President Trump held a roundtable discussion on issues surrounding immigration and border security.  At the beginning of the meeting the media remained present as President Trump made some remarks and took some questions:

(picture not from today)

Jumpin’ Ju-Ju Beans, A Coup! – Venezuela Opposition Leader Juan Guaido Declares Himself President…


The Precursor – Yesterday there was a meeting at the White House between FL Senator Rick Scott, FL Governor Ron DeSantis, FL Senator Marco Rubio, Secretary of State Mike Pompeo and President Donald Trump.  Florida is home to most of the Venezuela political exiles and opposition groups who oppose Venezuela’s dictator Nicolas Maduro.

Today, Venezuelan opposition leader Juan Guaido declared himself interim president while surrounded by thousands of supporters. At a rally that brought hundreds of thousands of Venezuelans into the east of Caracas, Guaido said Maduro had usurped power and promised to create a transitional government that would help the country escape its hyperinflationary economic collapse.

“I swear to assume all the powers of the presidency to secure an end to the usurpation,” 35-year old Guaido, the head of the opposition-run congress, told an exuberant crowd.

Minutes later, U.S. President Donald Trump recognized Guaido as the legitimate interim president.

Donald J. Trump

@realDonaldTrump

The citizens of Venezuela have suffered for too long at the hands of the illegitimate Maduro regime. Today, I have officially recognized the President of the Venezuelan National Assembly, Juan Guaido, as the Interim President of Venezuela.

Vice President Mike Pence

@VP

Today @POTUS announced the U.S. officially recognizes Juan Guaidó as the Interim President of Venezuela. To @JGuaido & the people of Venezuela: America stands with you & we will continue to stand with you until #Libertad is restored!

View image on Twitter
93.1K people are talking about this

Secretary Pompeo

@SecPompeo

The United States recognizes Juan Guaido’s courageous decision to assume the role of Interim President per Venezuela’s Constitution Article 233. We support @AsambleaVE and their efforts to establish a transitional government and prepare for free and fair elections.

11.1K people are talking about this

Within hours of the support for Juan Guaido being announced by President Trump and Secretary Pompeo,…. Canada, Brazil, Paraguay, Columbia, Argentina, Peru, Ecuador, Costa Rica, Chile and Guatemala followed suit and also voiced their support.

(Via Reuters) […] Guaido’s declaration takes Venezuela into uncharted territory, with the possibility of the opposition now running a parallel government recognized abroad as legitimate but without control over state functions.

In a televised broadcast from the presidential palace, Maduro accused the opposition of seeking to stage a coup with the support of the United States, which he said was seeking to govern Venezuela from Washington.

“We’ve had enough interventionism, here we have dignity, damn it! Here is a people willing to defend this land,” said Maduro, flanked by top Socialist Party leaders, although the defense minister and members of the military high command were absent. (read more)

It’s never a good sign for a dictator when the military isn’t standing next to him/her during the coup.

The Associated Press

@AP

BREAKING: Venezuelan President Nicolas Maduro says he is breaking off relations with the US after Trump administration says it recognizes opposition leader who declared himself interim president. http://apne.ws/5K6VQ1j 

https://storage.googleapis.com/afs-prod/media/media:056574bb12d140f78146f8d7533e2d9d/400.jpeg

The Latest: Venezuela official: Opposition causing ‘terror’

CARACAS, Venezuela (AP) — The Latest on nationwide protests in Venezuela (all times local): 1 p.m. Powerful socialist party leader Diosdado Cabello is accusing Venezuela’s opposition of being on a…

apnews.com

900 people are talking about this

(Follow AP Updates Here)

Keep in mind that China has invested hundreds of billions into Venezuela in an attempt to prop up the Maduro regime.  Russia has also given Venezuela a lot of financial support.

China currently owns 49% of PDVSA (Venezuela oil production) and receives reimbursement for the continued inbound cash flow via oil exports.  However, Treasury Secretary Mnuchin placed restrictions on that process last year; and said any nation that engages in oil sales may run the risk of economic sanctions from the U.S.  Venezuela and China were both impacted financially.  [Cuba and Russia became the fall back position]

If regime change is successful in Venezuela there’s a likelihood all of the prior investments by China, Russia and Cuba could be worthless instantly.  Geopolitically this couldn’t come at a worse time for China given their economic softening…. then again, the timing here is almost guaranteed to be by design.

Keep watching….

5:10 p.m. – Lawmakers in Russia, which has close relations with Venezuela, are sharply critical of U.S. President Donald Trump’s recognition of an opposition politician who has declared himself the country’s legitimate interim president.

“I think that in this developing situation the United States is trying to carry out an operation to organize the next color revolution in Venezuela,” the deputy chairman of the foreign affairs committee of the upper house of parliament, Andrei Klimov, told state news agency RIA-Novosti. “Color revolution” is a Russian term for the popular uprisings that unseated leaders in Georgia, Ukraine and Kyrgyzstan.

“I do not think that we can recognize this — it is, in essence, a coup,” another committee member, Vladimir Dzhabrailov, was quoted as saying by the Interfax agency.

Russia is a major political ally of Venezuela, and Russia’s largest oil company, Rosneft, is heavily invested in the South American nation’s oil fields, which produce less crude each month.  (link)

Attorney Robert Barnes Gives Covington Smear Merchants 48 Hours to Retract Libel and Slander…


Attorney Robert Barnes explains to ‘Fox & Friends’ that any ‘false statements’ made about the students needs to be retracted and corrected within 48 hours or the subjects who targeted the Covington High School students will face lawsuits.

Mr. Barnes explains the specific laws that apply to minors; the process for libel damages under the current circumstances; and further outlines he is providing his legal services free of charge in order to stop malicious smears.

Advertisements

President Donald Trump Sends Letter to Speaker Nancy Pelosi – UPDATE: Pelosi Responds….


President Donald Trump sends a letter to Speaker Nancy Pelosi regarding concerns over the State of the Union and the temporary government shutdown.   UPDATE: Speaker Pelosi responds; revokes initial invitation; refuses to call for joint session.

Dear Madam Speaker:

Thank you for your letter of January 3, 2019, sent to me long after the Shutdown began, inviting me to address the Nation on January 29th as to the State of the Union. As you know, I had already accepted your kind invitation, however, I then received another letter from you dated January 16, 2019, wherein you expressed concerns regarding security during the State of the Union Address due to the Shutdown. Even prior to asking, I was contacted by the Department of Homeland Security and the United States Secret Service to explain that there would be absolutely no problem regarding security with respect to the event. They have since confirmed this publicly.

Accordingly, there are no security concerns regarding the State of the Union Address. Therefore, I will be honoring your invitation, and fulfilling my Constitutional duty, to deliver important information to the people and Congress of the United States of America regarding the State of our Union.

I look forward to seeing you on the evening on January 29th in the Chamber of the House of Representatives. It would be so very sad for our Country if the State of the Union were not delivered on time, on schedule, and very importantly, on location!

Sincerely,

Donald J. Trump

Press Secretary Sarah Sanders Delivers Remarks to the Media…


White House Press Secretary Sarah Huckabee Sanders delivers remarks to the awaiting press pool on current events.

Merkel & Macron Signing Treaty to Create a European Army


Merkel and Macron, two politicians who cannot muster even a majority of their people for support, signed a Franco-German friendship treaty which has allowed them to boast that this is the first step to creating a European Army. There is a mad rush behind the curtain to create a European Army, not to protect Europe from Putin, but to protect the government in Brussels from the people they rule. They are very much aware that the best way to secure power is to have a foreign army.

Nike-Riot

In Constantinople during the Byzantine Empire, Emperor Justinian faced the same issue as Macron — a rising discontent. The local lack of support from both the police and military of the Emperor embolden the people to rise up. They went as far as to declare a new emperor, Hypatius. Justinian was about to flee the city for his life when his wife stopped him. She pointed to an army outside the city which was not made up of local Greeks. He ordered the army to enter the city to protect him. They slaughtered what we would call today the Yellow Vests, killing some 30,000 protesters.

This lesson of the Nika Revolt (January 13, 532 AD) is perhaps not openly discussed in public circles, but it is WELL KNOWN behind the curtain. This is why they need a European Army for Greeks would have no problem killing Germans when ordered and Germans would have not problem killing Italians when ordered. The key to maintaining order is always to use police/troops that are NEVER local.

Hopefully, that political ploy will fail before it can really come into play