Eurozone will Collapse – There is No Other Choice Economically


QUESTION: Mr. Armstrong; I can see what you have been arguing about the faulty design of the euro. After the EU rejected Italy’s budget, is there any hope left for Italy?

RS, Rome

ANSWER: For those who do not follow Europe closely, the European Union took the unprecedented step Tuesday (23rd of Oct) of rejecting Italy’s draft budget as incompatible with the bloc’s rules on fiscal discipline. This has simply validated the position many take in Italy that they are an occupied country. The Commission Vice-President Valdis Dombrovskis publicly stated that the Italian government was “openly and consciously going against commitments made” to drive down the country’s debt and deficit levels. The decision is escalating a battle between Europe’s establishment and Italians and the sooner you exit the Euro, the better Italy will survive.

From the outset, in designing the Euro they deliberately lied about just about everything. They told everyone that they would be paying the same interest rates because of the single currency. I explained that was absolutely false. They appear to have deliberately used the example of the dollar to pitch the euro but never mentioned that the single interest rate was the Federal level they were referencing. All 50 states issued their debt in the single currency of the dollar but they all paid rates according to their own credit rating.
I warned them that they MUST consolidate all the debts making that a national debt that they would have a single interest rate and that would compete with the dollar. Thereafter, each state would then issue its own debt as deeded and the free markets would price that accordingly. Under the system that I instructed them to adopt, this budget crisis would not exist. Because they FAILED to consolidate the debts from the outset, then the EU interferes with everyone’s budgets and dictates terms to them which in reality does make each state and occupied country.
This system cannot possibly survive. The Euro will collapse. There is no possible way for it to survive under this scheme. Italy should simply announce it is exiting the Eurozone. Those in Britain who want to remain are complete idiots. I cannot express it any more politely. Nobody will talk reality here!

President Trump MAGA Rally, Mosinee, Wisconsin – 7:30pm EST Livestream…


Tonight President Trump is heading to Mosinee, Wisconsin, for a 2018 midterm MAGA Rally. The venue is the Central Wisconsin Airport in Mosinee and the anticipated start time is 6:30pm CST / 7:30pm EST.

UPDATE: Video Added

RSBN Livestream LinkFox News Livestream LinkAlternate Livestream Link

President Trump and First Lady Melania Trump Deliver Remarks During Opioid Crisis Event At White House…


President Trump and First Lady Melania Trump both deliver remarks at a White House event to highlight the continued efforts to combat Opioid abuse [Background Here]

Big Bear and Big Panda Just Joined the Discussion – Vice President Mike Pence Reveals Central American Invasion Horde is: “Financed by Venezuela”…


Well, there it is.  Quietly within the deliberate words from Vice-President Mike Pence a revelation that explains the origination of the Central American invasion force.  For those who are not deep in the geopolitical weeds, the subtlety can pass unnoticed; for those who travel within the deepest international conflicts, Pence’s words here are as subtle as a brick through a window:

[…] “Financed by Venezuela; and sent North to challenge our sovereignty and our border”…

https://videopress.com/embed/tXWLlFMs?hd=0&autoPlay=0&permalink=0&loop=0Announcing the migrant caravan is “financed by Venezuela” is a direct notification the Central American invasion force is being funded by Russia and China.  Venezuela doesn’t have any money to sustain its own operational government – let alone a 10,000 person convoy.  Venezuela is entirely reliant upon massive investment from Russia and China.

In fact China owns 49% of Venezuela’s state run PDVSA energy production. A collateral system where Beijing takes oil as payment for prior loans the Maduro regime cannot pay back.  With the crippling treasury department sanctions President Trump put on Venezuela last year, Trump has punched Maduro and Xi-Jinping hard.

With Mike Pence pointing a finger at Venezuela the politics behind the invasion force begin to make much more sense.  The invasion objective takes on a geopolitical angle directly targeting a series of U.S. policies that are against the interests of Russia and China.

It helps here to remember the strategic moves taken by President Trump that have put the geopolitical/economic squeeze on both China and Russia:

Squeeze #1. President Trump and Treasury Secretary Mnuchin sanctioned Venezuela and cut off their access to expanded state owned oil revenue. Venezuela needs more money. China and Russia are already leveraged to the gills in Venezuela and hold 49% of Citgo as collateral for loans outstanding.  China and Russia now need to loan more, directly.

However, China cannot engage in economic commerce with Venezuela or they risk losing access to the U.S. banking system.  Therefore all current Chinese aid to Maduro comes in the form of IOUs.  These ongoing loans are likely impossible to be repaid.

Squeeze #2. China’s geopolitical ally, Russia, is already squeezed with losses in energy revenue because of President Trump’s approach toward oil, LNG and coal. Trump, through allies including Saudi Arabia, EU, France (North Africa energy), and domestic production has influenced global energy prices.  Additionally, President Trump is demanding NATO countries, specifically Germany, stop supporting financial dependence on Russia.

Meanwhile, and directly connected, Russia is bleeding out financially in Syria. Iran is the financial reserve, but they too are energy price dependent and President Trump is now putting pressure on Iran vis-a-vis new sanctions and new demands on allies.

Squeeze #3. In 2017 Trump and Secretary Tillerson, now Secretary Pompeo, put Pakistan on notice they need to get involved in bringing their enabled tribal “extremists” (Taliban) to the table in Afghanistan. Pakistan’s primary investor and economic partner is China. The U.S. removed $900 million in financial support to pressure Pakistan toward a political solution in Afghanistan, China has to fill void.  [NOTE: Last month the World Bank began discussions about a financial bailout for Pakistan.]  Again, more one-way bleed for China.

Squeeze #4. China’s primary economic threat (competition) is next door in India. President Trump has embraced India as leverage over China in trade and pledged ongoing favorable trade deals. The key play is MFN (Most Favored Nation) trade status might flip from China to India. That’s a big play.  It would have massive ramifications.

Squeeze #5. President Trump launched a USTR Section 301 Trade Investigation into China’s theft of intellectual property. This encompasses every U.S. entity that does manufacturing business with China, particularly aeronautics and technology, and also reaches into the financial services sector.

In March of 2018 U.S. Trade Representative Robert Lighthizer completed a section 301 review of China’s trade practices.  [SEE HERE] Section 301 of the U.S. Trade Act of 1974 authorizes the President to take all appropriate action, including retaliation, to obtain the removal of any act, policy, or practice of a foreign government that violates an international trade agreement or is unjustified, unreasonable, or discriminatory, and that burdens or restricts U.S. commerce.  However, as talks with China progressed, President Trump shelved the 301 action to see where negotiations would end-up. The May and June, 2018, negotiations between the U.S. and China provided no progress.  The 301 review of China was pulled back off the shelf, and President Trump assembles his trade-war strategy.  The 301 tariffs/sanctions are currently being worked out with U.S.T.R Robert Lighthizer.

Squeeze #6. President Trump, Secretary Ross, Secretary Mnuchin and USTR Robert Lighthizer dissolved NAFTA in favor of the USMCA.  One of the primary objectives of team U.S.A. was to close the 3rd party loopholes, including dumping and origination, that China uses to gain backdoor access to the U.S. market and avoid trade/tariff restrictions. [China is a Non-Market Country without a Free Trade Agreement (FTA) and sends parts to Mexico and Canada for assembly and then back-door entry into the U.S. via NAFTA.]

As we see in the details within the U.S-MCA trade agreement, China’s ability to use Mexico and Canada as a backdoor into the United States is now gone.

(Link to Article 32 pdf)

Squeeze #7. President Trump has been open, visible and vocal about his intention to shift to bilateral trade renegotiation with China and Southeast Asia immediately after Team U.S.A. concluded with NAFTA. [Current discussions with Japan are ongoing]

Squeeze #8. President Trump positioned the U.S. relationship with the E.U. as a massive potential loss for Europe (via Steel, Aluminum, and Auto tariffs) if they did not: (A) shift their trade relationship toward greater reciprocity; and (B) reconsider the size of their trade relationship with China.  After initially trying to push-back, Europe acquiesced.

Squeeze #9. President Trump has positioned ASEAN (Association of Southeast Asian Nations) as trade benefactors for assistance with North Korea. Last year the KORUS (South Korea and U.S.) trade deal was renegotiated, and announced in March. The relationship between ASEAN nations and the Trump administration is very strong, and getting stronger. Which leads to…

Squeeze #10. President Trump has formed an economic and national security alliance with Shinzo Abe of Japan. It is not accidental that North Korea’s Kim Jong-un fired his last missile over the Northern part of Japan. Quite simply, Beijing told him to.  However…

Squeeze #11. President Trump cut-off the duplicitous Beijing influence over North Korea by engaging directly with Kim Jong-un.  The open exchange and ongoing dialogue has removed much of the ability of Beijing to leverage the DPRK nuclear threat for their own economic benefit.  This dialogue was as much, if not more, about dismantling the Beijing geopolitical influence as it was about denuclearizing the Korean peninsula; however, no-one caught on to that part of the strategy.

SUMMARY: It makes sense from the perspective of China, Russia and Venezuela to use their alliance to create a border crisis between the United States and Mexico, especially since the interests of President-elect Lopez Obrador and President Trump are now aligned within the U.S-MCA trade agreement; which is structured to the detriment of pre-existing Chinese investment in Mexico under their prior -and corrupt- Mexican leadership.

Remember, President Trump out manuevered Chairman Xi Jinping in North Korea.  Xi lost most of his control position over DPRK Chairman Kim Jong-un; and while President Trump stood guard on the watchtower North Korea (Kim) and South Korea (Moon) are now happily joined in mutual fellowship.  In the grand trade-conflict between the Red Dragon and the United States, Xi needed a new form of leverage.

In the geopolitical realm this invasion force makes much more sense now…

Why Has the USA been “Pinnacle of Global Success”


To the shock of everyone in politics and economics who can’t get enough socialism and want to bash that the disparity of income is so evil, these Marxists are beside themselves when the World Economic Forum released a study that shows the United States is the most competitive nation on earth. They have, however, concluded that their international economic index which finds America at the “pinnacle of global success”  cannot be attributed to the actions of any one leader or administration. Indeed, people fled Europe to American to get away from bureaucracy. This remains reflected in attitudes.

A majority of Europeans (58%) would prefer to work as an employee rather than risk starting their own business. The promises of pensions and the social state have created a vast economic different picture between Europe and America and in Asia, we see a trend that is beginning to surpass the United States. This contrasts starkly with attitudes in the United States, where a majority (51%) say they would prefer to strike out alone. The United States allowed the property to be owned whereas in Europe the title to the property remains fixed in most of London and is leased out for 100 years where people pay the value as if they had purchased the property, to begin with. Property in London that was “freehold” was rather rare. Many fled to America which was the land of opportunity to actually own property, build wealth, and leave it to your family.

Then rushes in the Marxists. They hate people inheriting wealth and call it unfair. Every generation should start at zero in their mind. Then we have the economists who argue that it is the disparity in income that suppresses the economy in Europe. So what is their solution? Regulate everything excessively and take the wealth away from those who have it and pretend you are handing it to the people if anything is left once they government gets its hands on it for their own lavish pension schemes.

The United States is the venture-capital capital of the world. That will soon be displaced by China. Nevertheless, how to actually measure entrepreneurship is a very distorted view of the economy. One popular approach among economists which overlooks the depth of a nation’s economy is to count how many new businesses with paid employees start up each year, then divide them by the number of companies that are already up and running. The Organization for Economic Cooperation and Development (OECD), calls this percentage the “employer enterprise birth rate.” Others just call it the “start-up rate”.

From this distorted perspective, the United States scores fairly low on that definition coming in second to last when looking at the years 2007 through 2009 during the crash. The glaring flaw in this view is the fact that in the economies which are least developed come out on top, which was Slovakia and Mexico. The United States was predominantly small business also before the Industrial Revolution. Creating criteria of this nature are extremely misleading. Also, the period in question saw many young individuals start out on their own unable to find jobs with their costly degrees. They entered the self-employment segment but were not hiring people. They were breaking out and doing work in various services.

The greatest economic growth follows the LOWEST taxes, developed economies, and lower regulation. When the government attacks all three areas, our computer simply shows that economic growth declines.

President Trump Receives Briefing Over Dinner With Senior Military Leaders…


Tonight President Trump dined with military leaders in the Cabinet Room. The president answered a few questions from the media at the beginning of the briefing.

Defense Secretary James Mattis is seated to President Trump’s right, and Joint Chiefs of Staff Chairman Joseph Dunford seated to his left.  President Trump delivers remarks then answers more questions about: Jamal Khashoggi; the Central American migrant caravan; and Space Force.  WATCH:

Attendees include:

Lieutenant General Joseph Kellogg, Assistant to the President and National Security Advisor to the Vice President;

The Honorable Mira Ricardel, Assistant to the President and Deputy National Security Advisor;

The Honorable James Mattis, Secretary of Defense;

The Honorable Patrick Shanahan, Deputy Secretary of Defense;

General Joseph Dunford, USMC, Chairman of the Joint Chiefs of Staff;

General Paul Selva, USAF, Vice Chairman of the Joint Chiefs of Staff;

General Mark Milley, USA, Chief of Staff of the Army;

Admiral John Richardson, USN, Chief of Naval Operations;

General Robert Neller, USMC, Commandant of the Marine Corps;

General David Goldfein, USAF, Chief of Staff of the Air Force;

General Joseph Lengyel, USAF, Chief, National Guard Bureau;

Admiral Karl Schultz, USCG, Commandant of the U.S. Coast Guard;

General Joseph Votel, USA, Commander, U.S. Central Command;

Admiral Kurt Tidd, USN,”Commander, U.S. Southern Command;

General Curtis Scaparrotti, USA, Commander, U.S. European Command and Supreme Allied Commander Europe;

General Thomas Waldhauser, USMC, Commander, U.S. Africa Command;

General John Hyten, USAF, Commander, U.S. Strategic Command;

General Paul M. Nakasone, USA, Commander, NSA, CSS, Cyber Command;

General Terrence OShaughnessy, USAF, Commander, U.S. Northern Command;

Admiral Phillip Davidson, USN, Commander U.S. Indo-Pacific Command;

General Stephen R. Lyons, USA, U.S. Transportation Command;

General Vincent K. Brooks, USA, Commander UNC/CFC/USFK;

Vice Admiral Craig Faller, USN,Senior Military Assistant to the Secretary of Defense;

Brigadier General Andrew J. Gebara, USAF, Director of Strategic Capabilities and Plans, National Security Council;

Colonel Adam K. Ake, USA, Director for Defense Policy and Strategy, National Security Council;

Lieutenant Colonel Ryan D. Skaggs, USAF, Director for Defense Policy and Strategy, National Security Council.

President Trump Holds Oval Office Press Conference During Signing Ceremony for “America Water Infrastructure Act”…


Following a signing ceremony for the ‘America Water Infrastructure Act‘ President Trump held a lengthy press conference in the Oval Office to cover a variety of topics.

During the Q&A the President said he may meet with Putin when he is in Paris in November. He also spoke about Saudi Arabia and Jamal Khashoggi, saying he wants all the facts before he makes a decision.  Noting his conversations with foreign leaders, the President said: “Nobody likes what happened.”

Speaking about the Central American ‘migrant caravan’, he said he thinks 10,000 people are coming which spells out something needs to be done. “We’ll have to call up our military if we need to we cannot allow our country to be violated like this”, Trump said.

Secretary of State Mike Pompeo Press Conference – October 23rd…


Secretary of State Mike Pompeo gives remarks on a variety of international issues including the central American caravan; Jamal Khashoggi/Saudi Arabia; and takes questions from the State Department press pool.

The transcript is not yet available; but will be posted HERE.

We Remember.

President Trump Remarks During White House State Leadership Conference…


President Trump delivers remarks during a meeting between federal and state leaders. The conference is held to emphasize coordination between federal officials and their direct contacts at the state level.