Anyone who has seen my cartoons knows I support Trump and his re-election. Biden and Kamala would be a disaster for our country. However, I don’t always agree with the president and before we at GrrrGraphics begin producing a Republican Convention cartoon extravaganza, I thought I would temper it with a bit of criticism.
When Trump brags about the stock market going up and making new highs, I cringe. This is not a healthy stock market based on logic, earnings, or a healthy economy. The market has disconnected itself from capitalism and a true value discovery.
What’s really going is a Federal Reserve takeover of our economy. What we’re seeing is a monumental transfer of wealth from the have nots to the haves. It widens the gap between a few money lords and the vast majority of We, The Serfs. Before you say I sound like Bernie Sanders, this isn’t about class warfare, but it is about destroying what’s left of the middle class. It makes it easier for the illuminati and their point man, George Soros, to usher in their tyrannical socialism.
Leaving no good crisis unused, they’re leveraging the ‘plannedemic’ to help globalist corporations get fabulously wealthier and more powerful while the smaller businesses—the Mom and Pop middle class–are crushed. The Fed has poured in nearly $7 trillion into the stock market this year alone–and while it does help out those with 401ks as Trump says, it mostly helps those at the very top of the pyramid the most. Amazon’s Bezos has raked in countless billions of dollars has his company makes new highs. Apple has a two trillion dollar market cap. Tesla has the largest market cap of any auto company, even if their sales don’t justify it. Elon Musk is favored by the “Green New Deal” illuminati, so he gets propped up while competition gets stamped out.
The Federal Reserve, in a fascistic manner, gets to funnel money toward favored companies while revenue for small businesses is down 30 percent. The Fed creates money from thin air and keep ‘their’ stock market bull moving up, thus making the fabulously wealthy central bankers and the handful of powerful families at the top who own the Fed gets fabulously wealthier and more powerful. The top 1 percent already owns nearly 40 percent of the stock market. The rest of us get to pay for the bubble through inflation. Have you noticed how expensive food has become? Yet we don’t get to share in the money-glutted stock market. Has the Fed sent you a share of Amazon or Apple? Of course not. Yet we pay for their robbery through the massive creation of debt. It’s always the same—the powerful screw over the powerless. We’ve already passed the point of no return with the national debt (now nearing $27 trillion) and every few seconds another $100,000 is added to it.
Many Americans can’t afford to participate in the stock market bubble. They’re too busy worrying about how to pay their rent while the rich are getting incredibly richer by ill-gotten means. This is something Trump should consider before he brags about new stock market highs.
The United Nations Security Council disgracefully rejected the U.S. initiative to extend the UN arms embargo against the Iranian regime beyond its current expiration this October. As the U.S. Ambassador to the UN Kelly Craft said at the time on August 14th, “the United States stands sickened – but not surprised – as the clear majority of Council members gave the green light to Iran to buy and sell all manner of conventional weapons. History will easily trace the path of leadership in this era, and unfortunately it will not go through the UN Security Council.”
Iranian Defense Minister General Amir Hatami made the Iranian regime’s malevolent intentions crystal clear. “We have made it known that we are ready to provide high-quality and appropriately-priced weapons and equipment to countries that need this,” he said on August 18th.
Iran: World’s leading sponsor of terrorism
Ambassador Craft promised that the United States would not give up trying to prevent the world’s leading sponsor of terrorism from gaining unfettered access to the global arms market.
UN Security Council Resolution 2231, which endorsed the disastrous nuclear deal with Iran known as the Joint Comprehensive Plan of Action (JCPOA), lifted various nuclear-related UN sanctions against Iran that had been imposed in previous Security Council resolutions. The Security Council took this major UN sanctions relief step upfront in contemplation of the Iranian regime’s continuing compliance with its commitments under the JCPOA. Resolution 2231 provided a mechanism for those previous resolutions, with their accompanying prohibitions imposed on Iran, to “snap back” in the event of Iran’s breach of the JCPOA.
Iran has committed multiple material breaches of its JCPOA commitments relating not only to arms transfers and missile tests, but also to its core nuclear-related commitments regarding nuclear enrichment levels and access for international inspections. As one of the original participants in the process leading up to the full implementation of the JCPOA in reliance on Iran’s commitments, the United States has every right to initiate snapback of the provisions of previous Security Council resolutions that had been in place prior to January 2016, regardless of whether the U.S. has the support of other countries that are parties to the JCPOA or otherwise.
On August 20th, Secretary of State Mike Pompeo personally delivered letters to both UN Secretary General Guterres and to the president of the Security Council initiating the snapback process, leading to the restoration of virtually all UN sanctions on Iran lifted under UN Security Council Resolution 2231. “America will not appease,” Secretary Pompeo told reporters at UN headquarters in New York. “America will lead.”
U.S. has not violated any legally binding obligations imposed by Resolution 2231
The snapback is supposed to take effect in 30 days from notification of an issue involving “significant non-performance of commitments under the JCPOA,” according to the process outlined in Resolution 2231, unless a Security Council member or the President of the Security Council introduces a draft resolution beforehand that is passed to extend the sanctions relief on Iran. Such a draft resolution would not pass, however, as long as President Trump remains in office. The United States would be able to veto such a draft resolution, allowing the snapback to proceed into effect automatically.
Opposition to the U.S. initiative from China and Russia is to be expected. It is disappointing to say the least, however, that the Western European permanent members of the Security Council, France and the United Kingdom, have also come out publicly against the U.S. on invoking the snapback process. Then again, Western European countries are not known for their moral courage when potentially lucrative commercial deals are at stake.
The critics of the U.S. snapback initiative claim that the U.S. has no authority to invoke it after withdrawing from the JCPOA. The critics are wrong. The JCPOA itself is a non-binding political document that was not even signed. Security Council Resolution 2231’s endorsement of the JCPOA does not convert a non-binding political document into a legally binding agreement. If the U.S. decided, as it did for national security reasons, to reimpose its own unilateral sanctions, the U.S. has not violated any legally binding obligations imposed by Resolution 2231. However, what Resolution 2231 did do is to legally condition the lifting of United Nations sanctions that the Security Council had previously imposed on Iran upon Iran’s meeting of its JCPOA commitments.
The United States is identified in Resolution 2231 as one of the “JCPOA Participants.” The U.S.’s “participant” status under Resolution 2231 derives solely from its original active participation in the negotiation, finalization and implementation of the JCPOA. Resolution 2231 sets no other qualifications or conditions on the original or continuing eligibility of such specifically identified JCPOA Participants to initiate a snapback.
Attempt by China, other UN Security Council members to change the explicit text of Resolution 2231 with hollow declarations is meritless
The U.S. could have vetoed Resolution 2231 because of the provisions lifting the previous UN sanctions but did not do so in reliance upon Iran’s commitments to abide by the terms of the JCPOA. Absent an amendment to the resolution to delete the United States as a JCPOA participant state after President Trump withdrew the U.S. from the nuclear deal in May 2018, which the Security Council never adopted, the U.S. maintains its original standing to initiate a snapback.
In short, the snapback provisions of Resolution 2231 are keyed to Iran’s JCPOA non-performance, not to the performance or non-performance of any other JCPOA Participant.
“[T]he United States” and any other “JCPOA participant State” may initiate snapback. Operative paragraph 11 of Resolution 2231 sets out the requirements for initiating snapback. Those requirements are that (i) a “JCPOA participant State” (ii) notify the UN Security Council (iii) of an issue it believes constitutes “significant non-performance” of commitments under the JCPOA. That has been done, and the snapback clock is ticking.
The attempt by China and other UN Security Council members to change the explicit text of Resolution 2231 with hollow declarations is meritless. China and Russia also attempted to enlist the current president of the Security Council in essentially ignoring the U.S. notification, as if somehow that would make the notification disappear or render it null and void. Indonesia’s UN Ambassador Dian Triansyah Djani, Security Council president for August, went along with the scheme. In his capacity as Security Council president, he said that he was “not in the position to take further action” on the U.S. snapback notification. Ambassador Djani said that there was no consensus in the Council supporting the U.S.’s move. Ambassador Djani should go back and read Resolution 2231 in detail. While a consensus may be desirable, no consensus is required for the snapback to take effect.
Simply ignoring the U.S. notification as if it did not happen will have no legal effect in stopping the snapback from taking effect
Dmitry Polyanskiy, Russia’s First Deputy Permanent Representative to the UN, tweeted what he viewed to be the result of the Security Council president’s decision to take no action: “It means, there is NO SNAPBACK.”
Wrong! The president of the Security Council does not have authority under Resolution 2231 to decide on whether the United States’ snapback notification is valid or not. He is authorized to introduce a draft resolution for a vote by the Security Council to keep the sanctions relief provisions of Resolution 2231 in place, which the United States can then veto. Simply ignoring the U.S. notification as if it did not happen will have no legal effect in stopping the snapback from taking effect.
When asked by reporters at the UN about sanctions enforcement, Secretary Pompeo would not get ahead of President Trump’s decision. “But you just need look no further than the history of the last two and a half years,” Pompeo said. “When the U.S. sanctions were violated, we enforced them. When UN sanctions are violated, we’re going to do everything we can to enforce them as well.”
United States Trade Representative Robert Lighthizer, U.S. Treasury Secretary Steven Mnuchin and China’s Vice-Premier Liu He release a joint statement showing renewed emphasis on phase-1 purchases.
Washington, DC – Ambassador Lighthizer and Secretary Mnuchin participated in a regularly scheduled call this evening with China’s Vice Premier Liu He to discuss implementation of the historic Phase One Agreement between the United States and China. The parties addressed steps that China has taken to effectuate structural changes called for by the Agreement that will ensure greater protection for intellectual property rights, remove impediments to American companies in the areas of financial services and agriculture, and eliminate forced technology transfer.
The parties also discussed the significant increases in purchases of U.S. products by China as well as future actions needed to implement the agreement. Both sides see progress and are committed to taking the steps necessary to ensure the success of the agreement. (link)
This is interesting timing. In the foreground President Trump has openly stated he was/is not seeking further trade discussions with China. However, in the background if China does not meet the $75 billion phase-1 purchases, then a set of automatically triggering tariffs kick-in…. so it is in China’s interest to engage.
This trade leverage, combined with President Trump’s willingness to completely decouple from China…. combined with tariffs against China being favored by President Trump… explains the position of the administration. Do nothing and tariffs kick back in.
According to Reuters analytics China has only purchased $7.3 billion in agricultural products through the first half of the year. The phase-1 agreement (tariff avoidance) requires $36.5 billion in purchases for 2020.
Additionally, in the energy sector: “China bought only 5% of the targeted $25.3 billion in energy products from the United States in the first half of 2020. Chinese state-owned oil firms have booked tankers to carry at least 20 million barrels of U.S. crude for August and September.” [Reuters Link] Again, if China doesn’t meet the agreement threshold the suspended tariffs return in full force.
It looks like Vice-Premier Liu He is attempting to head-off the re-institution of tariffs due to phase-1 purchases falling below the agreement; thus Beijing is trying to avoid the built-in tariff penalty aspect.
…If you plant your trees in another man’s orchard, don’t be surprised when you have to pay for your own apples…
Citing a need to renew focus on her children, White House advisor Kellyanne Conway has announced her departure from the administration:
STATEMENT: The past four years have allowed me blessings beyond compare as a part of history on Election Night 2016 and as Senior Counselor to the President. It’s been heady. It’s been humbling.
I am deeply grateful to the President for this honor, and to the First Lady, the Vice President and Mrs. Pence, my colleagues in the White House and the Administration, and the countless people who supported me and my work. As many convention speakers will demonstrate this week, President Trump’s leadership has had a measurable, positive impact on the peace and prosperity of the nation, and on millions of Americans who feel forgotten no more. (read more)
I hope family is doing well. Your latest PB mentions the organized effort by gates and world economic forum to manipulate the entire world.
All of your past teachings have always said that No one can manipulate the World markets as “even Buffett couldn’t corner silver.” Even when they asked you to go in with them in Russia and they had the world bank on their side. Still failed.
So if they are manipulating this extremely organized effort do we think It will succeed? And if It does or doesn’t do you have suggestions for your subscribers as to where the hell we should go?
Like all of your readers I am MUCH!! Less concerned about Covid and Much more concerned about civil unrest and taxation etc
I work and live in NYC🙈🙈🙈
Everything you’ve written has occurred. I awake at night in panic about what to do. Just sell my practice and move to another state/country is a frequent conversation of my wife and I.
Leaving a buisness behind is one hard thing – leaving my other family members behind another. But we are willing to do whatever is best.
You had mentioned that you are going to release an update on places etc
Do you know when this may occur?
Normally I am concerned with equity markets but Socrates has done a great job of keeping us in the market to the long side even when all looked hopeless. Now with all of the “day traders” thinking its 1999 is It time to get a bit defensive as we head into the election cycle?
Much thanks as always!! You may know how much you help all of us, BUT I want you to hear It again. We All Thank you!!
Regards,
JCL
ANSWER: I do not see this attempted manipulation of the world economy as being successful. They are truly out of their minds, but they are a bunch of academics and billionaires who have never walked out of the street and dared to speak to one of the great unwashed. To them, we are all just pawns of finance too stupid to understand what their super-human minds are capable of seeing the future. However, sometimes a pawn can take down a king.
Leaving the cities like New York is ultimately the smart thing to do. However, it all depends on the election. If Trump wins there will probably be more violence from the usual characters. The Democrats have promised to bail out the states if they keep people locked down and unable to vote when possible other than mail. If Trump wins, those states will be hard-pressed for destroying their economies on a wish and a prayer.
The problem you have is that property values will decline in the cities. They are rising even in North New Jersey with people coming in and bidding over asking price. You can at least hedge your bets by trying to sell and rent until you see what happens. At least then you will be in a better position to leave faster.
This is certainly dividing families. Some refuse to think it can get worse. They want to be optimistic. My old professor said two people were standing on the top of the World Trade Center and a gust of wind blew them both off. The pessimist immediately started praying to be forgiven for his since. The optimist, as he was passing the fourth floor, said: Well so far so good!
Just try to be nimble. It is hard to leave – I know. Elizabeth Warren lays it out. They are playing to change America into a socialist country that has failed whenever it has been attempted.
This is our moment. Our moment to decide who we are as a country. Our moment to dream big and fight hard. And yes, our moment to win this battle for the soul of our nation.
But understand this: to make real progress towards social, racial, and economic justice, we have to win big in November. And we can only do that if we work — and persist — together.
As far as the markets go, the indexes are being propelled by a very select few stocks. The broader market is better reflected by the Russel 2000. There is always the risk that summer rallies end up in October panics.
On the occasion of his new book, Defender in Chief: Donald Trump’s Fight for Presidential Power, Hoover visiting fellow and Berkeley Law School professor John Yoo joins the show to make a spirited case against the criticisms of Donald Trump for his supposed disruption of constitutional rules and norms. The conventional wisdom is that Donald Trump is a threat to the rule of law and the US Constitution. Mainstream media outlets have reported fresh examples of alleged executive overreach or authoritarian White House decisions nearly every day of his presidency. In the 2020 primaries, the candidates have rushed to accuse Trump of destroying our democracy and jeopardizing our nation’s very existence. In his book and on this show, John Yoo argues the opposite: that the Founders would have seen Trump as returning to their vision of presidential power, even at his most controversial and outrageous. It’s a fascinating and often humorous discussion that could not be more timely.
“This is what we are up against, folks. A large percentage of the country get their news from mainstream (fake news) media. Consequently, they are clueless regarding many important issues. In many of his columns, Lloyd wrote about his much beloved
No words could ever convey the sorrow here at Canada Free Press upon hearing the news that our courageous columnist, “unhyphenated-American” Lloyd Marcus has passed.
An early morning email from our mutual friend Valerie Price alerted me this morning, and I haven’t been able to shake my worries about his beloved wife, Mary, who adored him, all this day.
Lloyd and Mary kept their love alive from decades-ago days when they were high school sweethearts.
Lloyd died, aged 71, one day after his 44th Wedding Anniversary.
The shock of Lloyd’s death of a heart attack on Friday was all the more unnerving because it was only on Thursday, he sent us his last column, ‘Last Stand to Save America as Founded’:
“Seriously folks, we must do everything in our power to reelect our remarkable president. This election is our last stand to save America as founded. America is counting on you.”
A talented singer and songwriter, Lloyd’s latest popular music production was the ‘Trump Train 2020’ music video.
In his Thursday column he urged readers, “Please spread the Trump Train 2020 music video far and wide to counter Neil Young’s song, “We Got to Vote Him Out!”
A down-to-earth, unassuming Tea Party legend, Lloyd and Mary, gave up a peaceful home life, appearing at countless rallies and gatherings across the country.
Like all conservatives putting America first, he sometimes ran into resistance, and found it hard to understand how so many people are buying into media propaganda.
“For example: My sister is one such low-info Christian voter. I recruited her awesome alto voice to sing in the choir at the recording session of my Trump Train 2020 song. The choir was mostly white, all Trump supporters. She noticed that they were good friendly everyday people, not the rabid racists portrayed by media. Her eyes popped out of her head in disbelief when I told her San Francisco gives tourists maps to avoid the piles of human feces on the streets left by vagrants. She had no idea that Trump was responsible for black unemployment being its lowest in U.S. history.
“In the Trump Train 2020 music video, she is the beautiful black woman singing the solo line, “Don’t you feel the engines roar!”
“Folks, in these final months leading up to the November election, the Democrat/communist party will launch every wicked scheme in their depraved playbook to attack the American people to stop them from reelecting one of the greatest presidents in U.S. history, Donald J. Trump.
“Black Lives Matter, ANTIFA and various other anti-christian and anti-American hate groups do not want “brotherhood” as desired by Dr King. They want to punish white America. They demand that whites physically kneel to blacks and beg forgiveness for their sin of being born white. The people in these groups are wicked and must not be tolerated. At the top of your lungs, scream the word, “No!” to them.
“I’ve awakened 2am in the morning, turned on my TV and have encountered lie-filled news stories trashing Trump. The hits on Trump just keep on comin’.
“This is what we are up against, folks.
“A large percentage of the country get their news from mainstream (fake news) media. Consequently, they are clueless regarding many important issues.”
In many of his columns, Lloyd wrote about his much beloved Father, the late Rev. Lloyd E. Marcus, the first man who broke the color barrier in the Baltimore Fire Department.
He wrote on Thursday, “I am the eldest of 4 boys and one girl. My sister was Dad’s princess. He purchased her first car, a brand new Fiat. He made me work to purchase my first “used” car. The good news is Fiats were lemons; just kidding.
“Seriously folks, we must do everything in our power to reelect our remarkable president. This election is our last stand to save America as founded. America is counting on you.
“We have so much work to do. This is all hands on deck. This election is our last stand to save our founding father’s divinely-inspired vision of America.
“Please talk to your neighbors, family and friends encouraging them to vote for Trump. Let them know what is at strike. that they were good friendly everyday people, not the rabid racists portrayed by media.”
‘The Man in the Black Hat’ served his country well, calling out for its protection even on his last day among us.
Canadian Valerie Price, his biggest fan north of the border and I will dry our tears and pray for the Creator to comfort Mary in her heartbreak and grief.
But the thousands of those whose lives Lloyd Marcus touched will go on riding the Trump Train as if he were still here—because to all who knew and love him, he IS.
Seriously folks, we must do everything in our power to reelect our remarkable president. This election is our last stand to save America as founded. America is counting on you
My patriotic mood began re-watching Whitney Houston’s spectacular performance of our National Anthem at Super Bowl XXV in 1991. Whitney’s rendition was re-released as a single after the 9/11 terrorists attacks. She donated all proceeds to charity.
“Fourscore and seven years ago our fathers brought forth, on this continent, a new nation, conceived in liberty, and dedicated to the proposition that all men are created equal.”— Abraham Lincoln
Wow! Lincoln said it right there in his Gettysburg address that America was founded upon the principle that all men are created equal. Leftist schools have taught our kids for decades that America was founded by evil white guys with no desire for equality. Yes, it took awhile to reach our goal of equality for all Americans; 600,000 dying in the Civil War to free the slaves and years of civil rights battles paved the way to elect our first black president. But, we got there folks. We got there!
“The thing that sets the American Christian apart from all other people in the world is he will die on his feet before he’ll live on his knees.” —George Washington
I pray that Christians will stop kneeling to wicked cultural demands and begin standing up again for Godly principles. Far too many youths are Marxist zealot domestic terrorists because we’ve allowed leftist schools to poison their minds about their God, their family and their country. Outrageously, across America “yutes” are scolding, lecturing and punishing their parents for being Christians, patriotic Americans and gun-owners.
“I have a dream that one day on the red hills of Georgia, the sons of former slaves and the sons of former slave owners will be able to sit down together at the table of brotherhood.”—Dr Martin Luther King, Jr.
Black s Matter, ANTIFA and various other anti-christian and anti-American hate groups do not want “brotherhood” as desired by Dr King. They want to punish white America. They demand that whites physically kneel to blacks and beg forgiveness for their sin of being born white. The people in these groups are wicked and must not be tolerated. At the top of your lungs, scream the word, “No!” to them.
Blessed is the nation whose God is the Lord.—Psalm 33:12
America is a Christian nation, brilliantly and divinely founded upon biblical principles. Stating this truth enrages BLM and ANTIFA causing them to vomit green-slime and their heads to spin around backwards. Evil is repulsed by good. Alexis de Tocqueville said “America is great because America is good.”
Folks, in these final months leading up to the November election, the Democrat/communist party will launch every wicked scheme in their depraved playbook to attack the American people to stop them from reelecting one of the greatest presidents in U.S. history, Donald J. Trump.
We have so much work to do. This is all hands on deck. This election is our last stand to save our founding father’s divinely-inspired vision of America. Please talk to your neighbors, family and friends encouraging them to vote for Trump. Let them know what is at strike. Here is a list of 42 crazy disastrous things Biden will implement if elected.
I’ve awakened 2am in the morning, turned on my TV and have encountered lie-filled news stories trashing Trump. The hits on Trump just keep on comin’. This is what we are up against folks.
A large percentage of the country get their news from mainstream (fake news) media. Consequently, they are clueless regarding many important issues.
For example: My sister is one such low-info Christian voter. I recruited her awesome alto voice to sing in the choir at the recording session of my Trump Train 2020 song. The choir was mostly white, all Trump supporters. She noticed that they were good friendly everyday people, not the rabid racists portrayed by media. Her eyes popped out of her head in disbelief when I told her San Francisco gives tourists maps to avoid the piles of human feces on the streets left by vagrants. She had no idea that Trump was responsible for black unemployment being its lowest in U.S. history.
We flew many of our singers from the east coast to California to perform in the Trump Train 2020 song music video. Upon landing in California, my sister was stunned to see the “all gender” restrooms with signs welcoming transgenders at the airport. This opened the door for me to educate her about the extreme LGBTQ agenda that Biden and the Democrats want to implement across the country. My buddy, Robert Kirk, brilliantly exposes the wacko California LGBTQ mandates in his award-winning comedy short film, “Nightmare in Paradise.”
I suspect my sister will vote for Trump. In the Trump Train 2020 music video, she is the beautiful black woman singing the solo line, “Don’t you feel the engines roar!”
Please spread the Trump Train 2020 music video far and wide to counter Neil Young’s song, “We Got to Vote Him Out!”
I am the eldest of 4 boys and one girl. My sister was Dad’s princess. He purchased her first car, a brand new Fiat. He made me work to purchase my first “used” car. The good news is Fiats were lemons; just kidding.
Seriously folks, we must do everything in our power to reelect our remarkable president. This election is our last stand to save America as founded. America is counting on you.
U.S. President Trump and Mexican President Andrés Manuel López Obrador will be holding a joint press conference prior to signing a joint declaration celebrating the initiation of USMCA in the Rose Garden. Anticipated start time 3:30pm ET
UPDATE: Video and Transcript Added
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[Transcript] – PRESIDENT TRUMP: Well, thank you very much, everyone. It’s a nice hot day, to put it mildly — (laughter) — so we’ll make this quick. But it’s all very positive — that, I can say.
And it’s my tremendous pleasure to welcome everyone to the White House with my good friend, President López Obrador of Mexico. We’ve had a very outstanding relationship.
Mr. President, we’re truly moved that you chose to make your first foreign visit since taking office — very successfully taking office, I might add — to be with us at the White House.
The relationship between the United States and Mexico has never been closer than it is right now. And as the President said a little while ago, people were betting against that. They were actually betting against that. But it’s never been stronger, never been closer. We’re doing a tremendous job together.
We’re cherished friends, partners, and neighbors. Our cooperation is founded on mutual trust and mutual respect between the two of us and between our two countries. And we honor the great dignity of both nations.
With this visit, President López Obrador and I have the opportunity to strengthen the bond we afford since his impressive election victory more than two years ago — a victory the Vice President and Ivanka joined in celebrating at the swearing-in. That was a very exciting day for them.
Each of us was elected on the pledge to fight corruption, return power to the people, and put the interests of our countries first. And I do that and you do that, Mr. President.
The tradition of great respect between Mexican and American Presidents goes back to the early days of both of our nations. And, in particular, it includes President Abraham Lincoln and President Benito Juárez, who each held one another in very, very high esteem. They were great friends and they did great things together. And we are grateful that, this morning, President López Obrador laid a wreath at the memorials that stand to each of these leaders, right here in our nation’s capital. That was a very beautiful, beautiful ceremony.
Our countries are linked by trade and travel, by history and culture, by faith and family. The United States is home to 36 million incredible Mexican American citizens. Mexican Americans uplift our communities, and they strengthen our churches and enrich every feature of national life. They are hardworking, incredible people. They are also great business men and women, and make up a big percentage of our small-business owners — and very successful. They’re very, very successful. They’re like you: They’re tough negotiators and great business people, Mr. President.
Working alongside President López Obrador, we’re taking this relationship to new heights and building a powerful economic and security partnership. Together, we have addressed many of the most complex issues facing our two countries that really went unresolved for many years — and, frankly, far too long. It should have been resolved long before I got here. But we’re achieving great strides and remarkable breakthroughs in strengthening our relationship for decades to come.
With everything that we have accomplished, the potential for the future of the United States and Mexico is unlimited. Far, far greater situation, really, for both countries than anyone thought possible.
Today we celebrate the historic victory we achieved together just days ago when NAFTA was officially terminated — one of the worst trade deals in history — and replaced with a brand-new, beautiful USMCA.
We want to thank Canada, also. I spoke with and will be speaking to the Prime Minister in a little while.
While NAFTA slashed wages and eliminated jobs, the USMCA includes groundbreaking labor protections for workers in both nations. This landmark agreement will bring countless jobs from overseas, back to North America, and our countries will be very big beneficiaries. We are already seeing the fruits because it started. It’s the largest, fairest, and most advanced trade deal ever reached by any country, and it will bring enormous prosperity to both American and Mexican workers and Canada. We want to thank everybody. We’ll have a separate day with Canada. They’re coming down at the appropriate time. But we want to congratulate Canada and the people of Canada, the Prime Minister.
But this has been a tremendous achievement. It’s actually the largest trade deal ever made. And we made a big one with China too, but this is the largest trade deal ever made.
Our two governments are also in close cooperation to stop the illicit cross-border flow of drugs and guns, cash, and contraband, and very importantly, stopping human trafficking.
We’re forging critical partnerships across the Western Hemisphere to combat the cartels and the smugglers and to ensure safe, humane, and lawful migration. And we’ve been helped greatly by Mexico on creating record numbers, in a positive sense, on our southern border. It’s been really, very, very tight and done a great job.
And I want to thank the Secretary, who’s here. We have a — Chad, you’re here someplace. Where is Chad? What a good job you’re doing, Chad. Great job. We’re proud of you. And you’ve worked very closely with Mexico. I know you were just telling me what a great help they’ve been, right? Thank you very much, Chad.
We’ve also worked closely in the battle against the coronavirus, together saving countless — thousands of lives. It’s been my honor to help Mexico procure 600 ventilators, and it’s going to be a higher number than that. They needed them very badly, and we were able to make them. We’re making thousands a week, and we’re helping a lot of countries. But one of the first, and maybe the first that I spoke to, was Mexico. We have a lot of them in Mexico saving a lot of lives. And, Mr. President, we’re in this fight together, and we’re doing very well.
Just a couple of things on that: I’m proud to further announce that the U.S. is, by far, number one in testing — number one in the world in testing — and that the mortality rate is the lowest, or just about the lowest of any nation anywhere in the world.
And we’re safely reopening our country, and very importantly, we’re safely reopening our schools. We want the schools to be open and going in the fall. And most of them, I think, are looking at it that way. It’s very important. We’re finding out that learning by computer is not as good as learning in the classroom or learning on the campus. And I think you’re finding that too. We want to learn in the classroom. So, our schools — we want them open in the fall.
Following President López Obrador’s remarks, we’ll sign a joint declaration committing ourselves to a shared future of prosperity, security, and harmony. This is truly a proud moment in history for both of our nations, Mexico and the United States.
With this signing, we pledge the close and continued friendship between the United States and Mexico, and we accelerate our progress toward an even greater tomorrow — and that’s what’s happening: a greater, maybe even a far greater tomorrow — with a prospering region, a flourishing hemisphere, and two sovereign nations thriving, growing, and excelling side by side, working together — and that’s what we’ve been doing.
Mr. President, we look forward to hosting you for a beautiful dinner later on this evening with some of your friends from Mexico and some of our great friends from the U.S. And it’s an honor to have you with us.
And, please, we’d love to have you say a few words. Thank you. Thank you very much.
PRESIDENT LÓPEZ OBRADOR: (As interpreted.) Friends, ladies and gentlemen, I truly celebrate this meeting with you, President Trump.
My visit, to a great extent, has to do with the importance right now, in these times of world economic crisis, the importance of the entry into effect of the Mexico-U.S.-Canada Agreement, to make by Spanish acronym, “USMCA.” Having been able to close this deal constitutes a great accomplishment benefitting all three nations and our peoples.
As it is well known, North America is one of the most important economic regions of the planet. However, our region is inexplicably a region of trade deficits. We export to the rest of the world about $3.6 trillion, but we import about $4.2 trillion. That is, we have a deficit of $611 billion, which is translated into capital flight, less opportunities for companies and businesses, and job source losses.
This new agreement seeks to reverse this imbalance through greater integration of our economies and improvements in the functioning of productive chains to recover the economic presence that North America has lost in the last five decades. Suffice it to say that, in 1970, the region constituted 40.4 percent of the world GDP. And now, this share in the global economy has gone down to 27.8 percent.
That’s why this agreement is a great option to produce, create jobs, and foster trade without having to go so far away from our homes, cities, states, and nations. In other words, import volumes of our country’s imports to the rest of the world may be produced in North America at a lower transportation cost with reliable suppliers — reliable vis-à-vis the companies, of course — and the utilization of regional labor force…
Of course, it’s not a matter of closing our countries to the world. It’s a matter of taking advantage of all the advantages that we have because we’re neighbors, as well as the enforcement of a good policy of cooperation for development.
This agreement allows us to attract investments from other places of the hemisphere, bringing those investments to our countries, provided we comply, we honor the principles of reducing merchandises with high regional content, and also trying to have salary and labor conditions that are fair conditions for our workers of the exporting or importing countries of consumption goods.
It’s also important to point out that this agreement signifies the integration of all three countries, because we’re all contributing with productive capacity, markets, technology, experience, expertise, highly skilled labor force, and we end up complementing each other. For instance, Mexico has something which is extremely valuable to make this economic integration effective and to boost this integration — economic and commercial integration — in the region. I’m talking about this very young, creative, and responsible labor force.
Let us not forget that the participation of workers in productive processes is just as important as the role of businesses and companies. It really would be not good for us to have capital and technology if we don’t have good workers that are outstanding workers because of their imagination, their talent, and their mystique when they do their work.
On the other hand, with this type of agreement — and respecting our sovereign states — instead of distancing ourselves, we are deciding, we’re opting to walk together towards the future. We want to privilege understanding. That’s why we’re united. And we’re setting aside differences, or we are solving those differences through a dialogue and mutual respect.
Certainly, in the history of our relations, we’ve had perhaps moments in which our minds have not been together. And there are — there have been problems that are not yet forgotten. However, we’ve been able to establish explicit agreements of cooperation and coexistence. For instance, in the ‘40s of last century, during the Second World War, Mexico helped meet the needs of the United States in terms of the raw materials needed by the United States, and it gave its support with the labor of migrant workers that were known as the braceros.
Since then, and until now, we’ve been consolidating our economic-commercial trade relationship, as well as our very — very peculiar coexistence, cohabitation, sometimes as distant neighbors and other times as very affectionate and close friends.
And it is also a well-known history of geopolitics, this neighborhood we have and economic circumstances of both of our nations have promoted, in a very natural manner, a process of migration of Mexican men and women coming here to the United States. And here we’ve been able to create a community of about 38 million people, including the children of Mexican parents. It is a community of good, working people — good people, working people who have come here to make a living in a very honest fashion. And they have so much contributed to the development of this great nation.
Furthermore, in Mexico, more than in any other country of the world, we have in our society a million and a half of U.S. citizens. They live there, and they’re part of our society. So we’re not just united by geographic proximity; we have economic commercial, social, cultural, and ties of friendship, President Trump.
As in the best times of our political relationship, during my mandate as President of Mexico, is that of remembering this insults and things like that from — against me. We have received from you, President Trump, understanding and respect. People — some people thought that our ideological differences would inevitably lead to confrontations. Fortunately, this has not been the case. And I believe that, towards the future, there will be no motive or need to break our very good political relationship or the friendship between our two administrations.
The best president Mexico has ever had, Benito Juárez García, as you have mentioned, had a good understanding with the great Republican President, Abraham Lincoln. Let us remember that this great, historic leader of the United States, who was the promoter of the abolition of slavery, never recognized Emperor Maximilian imposed in Mexico through the intervention of the powerful French army.
It is no coincidence that Juárez lamented Lincoln’s murder in the United States, saying, I quote, “I have deeply felt this disgrace because Lincoln, who was constantly working in such a determined manner for the complete freedom of its fellow men, was worthy of a better fortune or luck.” End of quote.
The same thing happened with the splendid relationship that Democrat President Franklin Delano Roosevelt had with our patriot president, General Lázaro Cárdenas. The same situation took place. And after the oil expropriation, in a letter, General Cárdenas recognized the good understanding — the good bilateral understanding as follows: He said, “My administration believes that the attitude of the United States of America, in the case of the oil company expropriation, reasserts once more the sovereignty of the peoples of this continent that with so much efforts have been maintaining the situation and the position of his Excellency, Mr. President Roosevelt.” End of quote.
So with all proportions and all the circumstances, with different circumstances, history tells us that it is possible to understand each other without arrogance or extremisms.
Now that I have decided to come to this meeting with you, President Trump, we had a good debate in my country on the convenience of this trip. I decided to come because, as I have already expressed, it is very important for us to be launching this new agreement.
But I also wanted to be here to thank people of the United States, its government, and thank you, President Trump for being increasingly respectful with our Mexican fellow men.
And to you, President Trump, I want to thank you for your understanding and the help you’ve given us in issues related to trade, commerce, oil, as well as your personal support for the acquisition of medical equipment that we needed urgently to treat our patients of COVID-19.
But what I mainly appreciate is that you have never sought to impose anything on us violating our sovereignty. Instead of the Monroe Doctrine, you have followed, in our case, the wise advice of the lustrous and prudent President George Washington who said, quote, “Nations should not take advantage of the unfortunate condition of other peoples.” End of quote.
You have not tried to treat us as a colony; on the contrary, you have honored our condition as an independent nation. That’s why I’m here to express to the people of the United States that their President has behaved with us with kindness and respect. You have treated us just as what we are: a country and a dignified people; a free, democratic, and sovereign people.
Long live the friendship of our two nations. Long live the United States of America. Long live Canada. Long live our America. Long live Mexico. Long live Mexico. Viva México. (Applause.)
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