Commerce Secretary Wilbur Ross appears on Mornings with Maria to discuss the objectives of the new trade negotiations between the U.S. and the European Union.
Yesterday, President Trump and EU President Jean Claude Juncker announced the parameters of the agreement and the intent to reach a comprehensive agreement between the U.S. and the EU. Secretary Wilbur Ross fills in some of the details:
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The U.S. trade team has assigned geographic responsibilities. There is overlap, and a great deal of synergy depending on the deal being negotiated; however, each member has a specific region of SME responsibility: ♦U.S.T.R Ambassador Robert Lighthizer has NAFTA; ♦National Economic Council Chairman Larry Kudlow and White House Manufacturing Policy Director Peter Navarro have China; ♦Commerce Secretary Wilbur Ross has the EU (and all others). As a consequence it makes sense that Secretary Ross would be the point-person discussing the outlines of the U.S./E.U. trade agreement.
An agreement with the EU puts pressure on Mexico to quickly participate in a similar agreement. This domino effect puts significant pressure on the Chinese to agree to terms of free, fair, open and reciprocal trade. Last night Secretary Ross appeared on Lou Dobbs for discussion. That interview is below:
President Trump headed to Iowa today for a MAGAnomic business review and workforce development and policy discussion for U.S. workers. President Trump and Commerce Secretary Wilbur Ross participate in a workforce development roundtable:
An Ottawa man, David Saikaley, acting as executor of a will obtained a bank draft for $500,000 and mailed it to family members in the United States to settle an estate. Bank checks are regarded as “cash” and the money was seized by customs. Almost a year later, the money is still stuck at the border. This is highlighting the Hunt for Money which has simply gone totally insane. Governments now assume ALL money is illegal gains and they will confiscate 100% forcing the burden to you to PROVE it is yours and was obtained legally. If you are ever going to send money to someone overseas, you can mail a check from your account, but NEVER get a bank check/draft. If you are in the USA and try to wire money to an individual overseas, you will quickly discover the limit is not $10,000, but $3,000.
NEVER send anything of value internationally using FedEx. They will be extremely difficult to deal with, to say the least in trying to get things through customs. Even when the valuable item is not subject to tax, they want you to still fill out all sorts of forms to receive it plus give them your Tax ID number so the government will know you just received something worth whatever.
As if that is not bad enough internationally, now they want a PHOTO ID just to mail something domestically. What comes next? A DNA sample because the PHOTO ID is a possible fake? Where does all this insanity end? The only way to end this confiscation of money from innocent people is to ELIMINATE income taxes and customs duties.
The various governments are becoming so desperate for cash, we are losing ALL our liberty just for the privilege of being born. Whatever happened to the rights to that were articulated by Thomas Jefferson:
“We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.–That to secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, –That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.”
It is time to begin to really investigate Climate Change for what our computer is forecasting is like a dramatic rise in volatility or a Panic Cycle to be more accurate. What does that mean? We are going to experience extremes on both sides. You will see record temperature in the summer of 100+ F and in the winter, bitterly cold freezing. The admixture of these types of trend plays hell with crops. We are looking at severe droughts. In Australia, we are looking at drought conditions that match the ‘Federation drought‘ which took place during the late 1880s and early 1890s. This also contributed to the rise in socialism. There was a major drought in the outback areas of New South Wales, Queensland, Victoria and South Australia killed many animals. There was a major loss of vegetative cover that led to erosion and a dust bowl. Many native edible plant species vanished with devastating consequences. Between 1895 and 1903 there was a major drought that impacted most of the country. They came to name it the ‘Federation drought‘ which lasted interestingly 8.6 years.
The American Dust Bowl also became known as “the Dirty Thirties” which began in 1930. Regular rainfall did not return to the region until the end of 1939, which finally brought the Dust Bowl years to a close. The severe drought hit the Midwest and Southern Great Plains during 1930. This resulted in major dust storms that began the following year in 1931 coinciding with the Sovereign Debt Crisis. By 1934, an estimated 35 million acres of formerly cultivated land had been rendered completely useless for farming. Another 125 million acres was rapidly losing its topsoil. Once again, we have a period of 8.6 years.
Again, the next drought which began in late 1949 continued into late 1957 to early 1958 covering once more a duration of 8.6 years. This was also a severe drought in the United States. It did begin during the late 1940s in the Southwestern United States, which expanded into New Mexico and Texas during 1950 and 1951. The drought hit very hard in the Central Plains, Midwest and certain of the Rocky Mountain States, particularly between the years 1953 and 1957. During 1956, it spread to parts of central Nebraska. From 1950 to 1957, Texas experienced the most severe drought in recorded history. By the time the drought ended, 244 of Texas’s 254 counties had been declared federal disaster areas. California was also hit very hard with some natural lakes drying up completely in 1953. It was Southern California that has been hit hard very hard by the drought during 1958-1959. There was also a widespread dust storm as was the case during the Dust Bowl which impacted the Plains with winds of up to 100 mph (161 km) that reached some 3 feet in depth (a meter).
From a cyclical perspective, the drought cycle has turned up in 2017. We do not expect this to peak until 2025
Daughnworks247 encapsulates a media cycle at Trump-Speed: In the last 30 hours:
1. President Trump dropped a MOAB on the state of Georgia for Brian Kemp, and wiped the floor with the establishment GOPe, winning by 39 points.
2. President Travels to Kansas City, giving the speech which made us all cry, to the VFW. Embraces a 94 year old Sargent and we immediately fall in love.
3. Our sheer perfection of a FLOTUS stops in Nashville at a children’s hospital. On the way back CNN reporter asks Stephanie Grisham about the Cohen tapes and tries to take a hit on Melania. Stephanie Grisham came UNDONE and wiped the floor with the little witch.
4. VP Pence in Montana, stops what he is doing, leaves is Secret Service, when a boy waiting to see him on the tarmac passes out. VP Pence was “up and in the middle” of the problem. Good man.
5. CRTV does a parody video about Alexandria Cortez and the left reveals —- they have no sense of humor. Busted.
6. President Trump meets with John-Claude Junker, President of the EU Commission and makes the deal of a lifetime on tariffs, LNG sales to Europe, and soybeans for the Midwest.
7. DOW spikes 170 points in an hour on news of the trade deal. Business channels who support multinationals are in melt-down… because they’ve been hyping a trade war for 6 months.
8. Facebook earnings post, stock loses 24% of market cap in an hour. That’s what happens when you put Ellen Stover and our friends in Facebook jail. Payback is hell.
9. Secretary Pompeo testifies to the Senate Foreign Relations Committee and I swear, it’s probably the best 3 hours of footage, EVER. He was brilliant.
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At one point, Pompeo asked if he could be allowed to submit, for the record, the list of all the things Trump Admin has done to be ‘tough’ on the Russians.
Turd of a Senator agrees.
Pompeo says, “Well then, let’s back the truck up to deliver (his list).”
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OMG….. Killed it.
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10. CNN releases recorded tape of Michael Cohen and President Trump—- and it’s a dud. We learned President Trump says “thank you” when he asks for a Coke.
11. CNN reporter refuses to leave the Oval Office during Junker presser and is pushed out and reprimanded by Bill Shine (new WH Press Coordinator) and Sarah Sanders. She keeps asking questions about the Cohen tape when Junker and Trump are in the midst of a trillion dollar trade deal. WH tells her she is not allowed into the next Rose Garden event, and she gets snippy, saying, “I wasn’t planning on attending anyway”.
White House Press Corps has a meltdown. CNN issues statement saying “We demand better” and gets hammered on social media.
12. Ben Sasse, who was censured by his own Nebraska GOP party by a vote of 400 to 8 said yesterday, “Trump’s trade policies are ‘Making America 1929 Again’” in an attempt to undermine the President ahead of the Junker negotiations.
This afternoon…. Sasse announced he will not run for reelection in 2020. Bwwwhhahaaaaa.
13. News from China senses discord among the ruling class. China is now lowering interest rates, subsidizing industry, and their economy is flat. Did I mention their stock market is down about 25% this year?
14. And finally, 11 member of the House file impeachment papers against Rosenstein. The vote will probably not ever happen…… but it sure does piss off Rosenstein. It tastes sweet.
15. And for the Bonus: Trump has learned how to ‘thread’ multiple tweets on Twitter. May God have mercy upon his enemies.
Can’t wait until tomorrow……..
Remember, he was in Helsinki, just 8 days ago.
[…] He is moving “forward” at speeds Obama could not even dream of.
[…] Get used to it. Trump speed is the new normal. Some will call it flip-flopping, but that’s not what it is. Trump is dodging and weaving through reality faster than the reality can react to disrupt his plans.
[…] Trump is no longer waiting for people to keep up. He is taking his bewildering art-of-the-deal campaign schtick into geopolitics, and for a lot of people who can’t keep up or hold on, it will be a rough ride.
And he has to do this with evil cheerleaders like Warhead, Linderace, Dipsy Dowd, Maggie Haterman, and Fake Yapper trashing him or praising him alternately, no matter which way he goes. They can’t keep up, either.
Neither can many around him. I think that half of the problem with advisers crashing into each other is they don’t realize what Trump is doing.
[…] Trump is Jupiter moving through the asteroid belt. He is going to pull people into his orbit. A few will get slung off into space, but most will come along for the ride of their lives.
I am ON the Trump Train for good, even if I scream that I want off and can’t take it.
In the end, I only want to scream “TOO MUCH WINNING!!!” (link)
Commerce Secretary Wilbur Ross appears on Fox News with Barf Baier to discuss the outlines of the trade agreement between the U.S. and E.U.
While there is overlap and a great deal of synergy depending on the deal being negotiated, within the central U.S. trade team each member has a specific region of responsibility to focus upon: ♦U.S.T.R Ambassador Robert Lighthizer has NAFTA; ♦National Economic Council Chairman Larry Kudlow and White House Manufacturing Policy Director Peter Navarro have China; ♦Commerce Secretary Wilbur Ross has the EU.
So it makes sense that Secretary Ross would be the point-person discussing the outlines of the U.S./E.U. trade agreement.
The White House has announced an unanticipated joint press statement/availability between President Trump and EU President Jean Claude Juncker to be held at approximately 4:00pm EST in the Rose Garden.
Apparently the EU has agreed to President Trump’s terms on lowering industrial tariffs to enhance U.S. trade opportunities; lower non-tariff barriers to increase agricultural trade, and committed to increased import of LNG (liquid natural gas) to offset Russian energy dependence. THIS is a developing story….
EU President Jean Claude Juncker arrives sober at the White House to discuss the ongoing negotiations between the EU position(s) on multiple issues and U.S. interests and concerns as outlined by President Trump.
Their are a few primary issues: An ongoing trade reset, and the pending U.S. sanctions against Iran. Both issues hold significant financial and economic ramifications for the European Union. Additionally, the construct of Brexit (the U.K. exit from the EU) will determine how the structure of any bilateral trade deal will be made with Britain. All three issues are enmeshed as President Trump leverages U.S. economic power and access to the U.S. market.
Agriculture Secretary Sonny Perdue appears on Mornings With Maria to discuss the $12 billion bridge-aid for farmers during the ongoing trade negotiations; and concerns over the impact of tariffs. [Expanded Backstory Here]
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Not surprisingly Secretary Perdue notes the U.S. and Mexico are close to a deal within the agriculture sector. Mexican President-elect Lopez Obrador (AMLO) campaigned heavily on correcting the same BIG-AG multinational trade issues that President Trump is confronting.
The interesting fact is that the majority of fund managers today have reduced their equity allocation to their lowest level since November 2016 according to Reuters. The reason for this is their focus of trade and their assumption that the Great Depression was caused by a PROTECTIONISM. According to yet a recent monthly report by Bank of America Merrill Lynch (BAML) where they conducted a survey of fund managers, the majority, some 60%, now fear a trade war. Clearly, the biggest concern out there is a trade war poses the greatest risk to the stock market. Another 19% fear excessively higher interest rates by the Federal Reserve. These two perceptions are the dominant reason we see consolidation.
However, our computer forecasted the consolidation for 2018 at the start of the year. This has sparked a number of emails asking how was it possible for the computer to forecast consolidation before the fundamentals? What I have noticed over the years in working with this model has been that trends will last ONLY for a specific amount of time. Like being cold all winter and suddenly the sun shines with Spring, we call it “Spring Fever” and everyone runs out at starts doing things when the weather changes. We respond similarly to cycles in markets. They will last only for so long and we get tired. It is NOT that specific fundamental that comes into play and causes the consolidation. Instead, the market trend shifts and people begin to look for explanations to explain it.
I have shown charts that demonstrate that rising interest rates are a market myth. The stock market has risen with higher rates and when the market crashes, demand-side economic means they lower rates trying to “stimulate” demand under Keynesianism which has never worked. The ECB has kept rates so low for nearly 10 years and they have destroyed the European bond market as reduced Europe to an economy that is ranked even below China. And as far a trade is concerned, I have shown that Trade Tariffs were a response to the currency and the collapse in agriculture due to the invention of tractors and electricity during the early 20th century. Like the internet today is displacing jobs, electricity reduced the jobs in the manufacture and the combustion engine expanded to tractors reducing employment in agriculture from 40% of the civil workforce to 3% by 1980.
Consequently, the computer is forecasting the trend. People try to explain the change in trend and fit the fundamentals to try to explain what took place. I have written before that the book I had to read in school on the Great Crash by Gailbraith, never mention the Sovereign debt crisis of 1931 because he was a socialist who wanted to blame corporations EXCLUSIVELY. Others actually claimed that Hoover embraced the rise of Nazis in Germany because he wanted to trade and ignored Russia. Hitler came to power in 1933 and Hoover lost the election in 1932. They will even alter timelines to support a predetermined conclusion.
The trend changes due to cycles for we can only endure a trend for so long before we just want a change as we do in politics. The cycles are not altered by the fundamentals. Commentators fit the fundamentals to explain the cycle. The sharp decline in asset allocation to equities has not been met with a collapse in market prices. This is a very interesting development for the majority NEVER manages to sell the high.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
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