German Industrial Orders Plunge – The Surface Reason is China – The Underneath Reason is Trump…


Boy howdy if ever there was an article that showed the layers and ramifications of President Trump’s global trade reset, this is a good one.   The multinational media do not want American voters to understand the dynamic, because if we did people would catch-on to how the global economy was structured upon removal of U.S. wealth…

(Tweet Link)

Reuters is reporting on a significant drop in German industrial orders, and they specifically point to diminished orders from the U.K (small part) and China (big part) as the cause.  However, the analysis stops at the part where China’s lack of industrial orders is the leading contribution to retraction in the German export sector.

What the financial analysis does not approach (ie. the third rail of multinational corporate admission that must never be outlined), is the reason why Chinese orders for German industrial goods have dropped.

The problem for China, and ultimately for Germany, is that Trump’s trade reset has stopped a big amount of U.S. wealth from arriving in Beijing. Simultaneously, Beijing is countering Trump’s tariffs by devaluing their currency.  The rebound economic impact is doubled. China has: (1) less income; and (2) less value within their own currency.

Where does this dynamic show up?…. Anytime China is going to buy something.

China’s currency devaluation makes their exports cheaper; however, at the same time it makes any of their imports more expensive.  As a consequence China buys less… and that now exhibits in lower purchases of German stuff.  See how that happens?

So yeah, the ramifications for Merkel’s German economy -twice as bad as originally forecast- are based on China fighting Trump.  The fact that China is bleeding cash, and has simultaneously dropped the value of their currency, means China can’t buy stuff.

All of those nations who were counting on Chinese purchases are now going bananas.  This is why the multinationals blame Donald Trump… and to make matters even worse – the U.S. economy is thriving, while they watch from the sidelines.  It’s a delicious dynamic.

For more than three decades global economies have grown by removing wealth from the United States.  The U.S. multinationals have countered the economic arguments by claiming those global economies have purchased U.S. treasuries; but that means we trade our current wealth for future debt.

President Trump has reversed this dynamic.  We are repatriating our national wealth through new trade policies, and will pay for any incurred foreign debt by expanding our own economy and controlling our own destiny.

Here’s Reuters article (emphasis mine):

BERLIN (Reuters) – Weaker demand from abroad drove a bigger-than-expected drop in German industrial orders in July, suggesting that struggling manufacturers could tip Europe’s biggest economy into a recession in the third quarter.

Germany’s export-reliant economy is suffering from slower global growth and business uncertainty caused by U.S. President Donald Trump’s ‘America First’ trade policies and Britain’s planned, but delayed, exit from the European Union.

Contracts for ‘Made in Germany’ goods fell 2.7% from the previous month in July, data showed on Thursday, driven by a big drop in bookings from non-euro zone countries, the economy ministry said. That undershot a Reuters consensus forecast for a 1.5% drop.

“The misery in manufacturing continues. The decline in new orders significantly increases the risk of a recession for the German economy,” VP Bank analyst Thomas Gitzel said.

Germany’s gross domestic product contracted by 0.1% quarter-on-quarter in the second quarter on weaker exports, with the decrease in foreign sales mainly driven by Britain and below average demand from China.

“The danger is great that negative growth will also be recorded in the third quarter,” Gitzel added. (read more)

More Panda/Wall Street Head-Faking: Beijing Announces October Trade Talks With U.S. Delegation…


CTH readers are well versed in the dynamics of the Panda mask -vs- Dragon motives of China.  Therefore we are able to discuss events without the MSM financial filter; which is narrated specifically to the benefit of multinational interests.  Always keep that in mind.

Everything needed to understand the latest panda narrative from Beijing is identified in this simple paragraph:

(Beijing) […] The talks were supposed to have resumed this month but China’s commerce ministry said Vice Premier Liu He, Beijing’s pointman on trade, agreed to October in a phone call with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Thursday. (more)

First, anything from Vice Premier Liu He is panda-speak; he is a tool in the process of Chinese narrative engineering.  All former trade negotiation authority held by Liu He was stripped by Chairman Xi Jinping.  Commerce Minister Zhong Shan is the real voice of Xi and the Beijing authority.

Second, what exactly is Beijing selling?  An “October phone call”…. and that manipulates markets for the multinationals on Wall Street.  A friggin’ announcement of a phone call?

Beijing is attempting to stop the financial bleed; the organization and planning of exits from the Chinese manufacturing system.  Notice the U.S. media ran to the typeset pushing quoted reports from Beijing, not quoting reports from the USTR office or U.S. trade team.  Again, the quote from the Associated Foreign Press (AFP):

…”China and the United States will resume trade talks in Washington in early October, Beijing said on Thursday”…

President Trump will not block, refute or diminish, this specifically sold Beijing narrative because it increases the U.S. stock market valuation.  However, no-one who really pays attention to the dance should put any weight behind the announcement.  It’s pure panda.

The U.S. position is the same.  U.S. interests doing business in China should ‘get out’.  Those who choose to remain in China; and/or those who choose to join with Beijing in selling false-hope in a temporary effort to prop up their multinational stock values; will eventually run into the brick wall of reality.

We can discuss this here, because the dance has been so visible for so long we know the music before it plays…. ie. ‘conduct your affairs accordingly’.

Today’s jump in the stock market; the part centered around this announcement from Beijing; is based on a false premise.

Beijing is bleeding cash.  Beijing is attempting to get to 2020 and will deploy all resources to eliminate President Trump.  Beijing is trying to save their economic model and stop the exodus from their manufacturing base.

There will be no U.S-China trade deal.

Any U.S. corporation who makes a decision based on the false-hope implied in the Chinese messaging is going to hit a world of hurt when it all comes crashing down.

Don’t expect any sympathies from these pages.

MAGAnomics – August Private Sector Payroll Results Exceed Expectations…


ADP Payroll analysis for August reflects continued strong gains in the jobs market beating all expectations from the financial pundits.   The official government stats will be released tomorrow (private and public sector); in the interim the ADP payroll of private sector job creation shows that Main Street continues to be very strong.

(Reuters) U.S. private employers added 195,000 jobs in August, above economists’ expectations, a report by a payrolls processor showed on Wednesday.

Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 149,000 jobs, with estimates ranging from 110,000 to 175,000.

Private payroll gains in July were revised down to 142,000 from an originally reported 156,000 increase.  The report is jointly developed with Moody’s Analytics.

The ADP figures come ahead of the U.S. Labor Department’s more comprehensive non-farm payrolls report on Friday, which includes both public and private-sector employment. (more)

CTH would advise not to place too much emphasis on negative ISM manufacturing order index statistics now that a complete U.S-Global trade reset is underway.

Right now global supply chains are in a state of flux as manufacturers are moving production based on tariffs and geopolitical issues.

As the component manufacturing is moving from one place to another; and as manufacturers evaluate their supply chain stability; there are going to be swings in purchase orders based on shifts in production facilities.  This is an expected dynamic that is necessary if President Trump is to succeed in pressuring product manufacturers to move operations.

The multinational Wall Street media will hype any downward component manufacturing fluctuation during this process, but the fluctuation itself doesn’t speak to any lessening of demand; merely shifted operations and shifting contracts (ie. purchase orders).

The internal U.S. economy is very strong.  It’s the U.S. companies, multinationals, that rely on external operations for their end-product production income that are tentatively positioned.

Main Street is thriving; Wall Street is in flux.  This is the exact opposite of two prior decades where Wall Street was thriving and Main Street was in flux.  Why?…

Because Trump!

President Trump Opioid Announcement and Press Conference – (Video and Transcript)…


Earlier today President Trump announced a program for federal grants to combat opioid addiction.  Following the announcement the President took questions from the assembled media pool. [Video and Transcript Below]

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[Transcript] – THE PRESIDENT: Thank you very much, everybody. And thank you very much for being here with us, at the White House, for a very important announcement — something we’ve worked extremely hard on.

Today, the Department of Health and Human Services is awarding $1.8 billion in new grant money to fight the opioid epidemic — something we’ve had quite a bit of success on and we’re continuing. And I think you’ll be amazed at the results. We’ve been doing this from pretty much the beginning, but really emphasis over the last year and a half.

These funds will be delivered to the communities where the help is most needed.

Joining us this afternoon is the Secretary of HHS, Alex Azar; Dr. Robert Redfield, Director of the Centers for Disease Control and Prevention; and some other of our friends in the room that have been so instrumental. We’ll be introducing them in a little while. Thank you both for your devotion, in particular, to building a drug-free future for our nation.

We’re on our way; it sounds like a big statement. And it’s a problem that every country is having, or most countries, certainly. But it’s something that I saw firsthand during the campaign, and I couldn’t believe when I looked at certain states, in particular, how bad it was. We want a safe and healthy future for every American family. That’s what I said we’d do and that’s what we’re in the process of doing.

From reforming the way we treat kidney disease, to increasing price transparency, ending the HIV epidemic — that’s an incredible thing; we think within a period of 10 years, Alex, we will have that in quite good shape. We think maybe ended. If you would’ve said, “Ending the HIV epidemic within 10 years,” people wouldn’t have known what you were even talking about if we would’ve said it two years ago. But we’re well on our way.

And reducing high drug prices — which is something that my administration is very focused on. And we’ve had the best year we’ve had in over 51 years. We actually brought drug pricing down this year — this last year. First time that’s happened in 51 years.

So my administration is focused on confronting the healthcare, and healthcare challenges, and American suffering that other administrations, frankly, have forgotten. We’re doing things that other administrations did not focus on at all. In this effort, nothing is more important than defeating the opioid and addiction crisis.

The $1.8 billion in funds we’re awarding today will be distributed to all 50 states through the Substance Abuse and Mental Health Services Administration and the Centers for Disease Control and Prevention. It’s very exciting. They’ll be used to increase access to medication and medication-assisted treatment and mental health resources, which are critical for ending homelessness and getting people the help they deserve. So many problems are caused by this problem.

These grants will also support state and local governments in obtaining high-quality, comprehensive data so that we can help the most people and save the most lives, which is what we’re doing.

My administration is determined to use every resource at our disposal to smash the grip of addiction. In October 2017, my administration declared a nationwide public health emergency, directing agencies to use every resource in their arsenal to overcome the deadly plague of opioid abuse.

Since then, we’ve secured a record $6 billion in new funding to respond to this emergency. Last year, we provided $90 million to prevent youth substance abuse, and I signed the SUPPORT for Patients and Communities Act — the largest-ever legislative effort to address a drug crisis in our nation’s history.

By the end of this month, HHS will have awarded a record $9 billion to expand access to prevention, treatment, and recovery services to states and local communities during my administration. And they’re doing a great job locally when they get the funds. They didn’t have the money; they didn’t have the funds. But some of the states have done an incredible job once they got the funds. And great results.

We passed the CRIB Act, which allows Medicaid to help mothers and their babies, who are born physically dependent on opioids, by covering their care in residential pediatric recovery facilities.

To break the cycle of addiction, we must prevent young Americans from trying drugs in the first place. For this reason, we launched a nationwide public ad campaign to educate young people about the dangers of misusing prescription opioids. This campaign has already reached 58 percent of young adults.

And you won’t see the results of this for a couple of years — two, three, four years — but the results are going to be there. They’re really powerful ads. So you won’t see it quickly, but people watching it — young people watching it, we’re putting them on the right programming, I think. But young people watching these ads and what happens to people very descriptively, I think they’re not going to be using drugs so easily. You’ll see the results in the future.

To cut off the supply of ultra-lethal narcotics at the source, my administration has also prioritized stopping the influx of fentanyl from China.

And just over the last week, I want to thank Mexico, the Mexican government, their great President of Mexico, for helping us. They had a record catch a week ago of fentanyl that came in from China.

And, as you know, we have 26,000 Mexico troops on our border. And they’re also bringing their numbers way down. It’s — we were with the Commissioner a little while ago, the Secretary, and it’s down over 50 percent from last year. So they’re really making a lot of progress. But the Mexican government has been great. So we have 26,000 soldiers from Mexico guarding our border.

Now, if we’d have the same help from the Democrats, we could get legislation passed so easily, so quickly, that we wouldn’t even need that kind of help from Mexico. But we really do appreciate it. First time that’s ever happened where Mexico has helped us at the border. And they’re helping us in a very big way. Far bigger than anybody thought even possible.

We’ve dramatically stepped up enforcement actions across the board, seizing more than 21,000 kilograms of heroin and nearly 8,000 kilograms of fentanyl since the beginning of [DEL: 2011 :DEL] [2017]. And the biggest one was last week.

In 2018, our High Intensity Drug Trafficking Area program disrupted or dismantled almost 3,000 drug trafficking organizations. During that operation, the Department of Justice seized enough fentanyl to kill over 100,000 Americans. And that’s not much, if you look; it’s a little bit. This much can kill 100,000 people. It’s — it’s terrible. It’s incredible. And we’re getting a lot of it stopped.

The Department is prosecuting more fentanyl traffickers than ever before — we’ve never prosecuted so many, and we’re going for the maximum penalty, which is a long time — and targeting seizures in areas most impacted by the crisis.

As a result of our aggressive efforts at every level of government, last year, America experienced the first nationwide decline in drug overdose deaths in nearly three decades. So that one is 30 years. So we’ve brought down drug prices for prescription drugs; that’s over 50 years. And the overdose deaths in nearly three decades. That’s something.

In the last two years, overdose deaths have fallen by 24 percent in Ohio, 24 percent in Pennsylvania, 8 percent in West Virginia, 20 percent in Iowa, 16 percent in Kentucky, and 10 percent in New Hampshire — all areas that have incredible problems with exactly what we’re talking about.

But the battle has only just begun. We must continue fighting side-by-side to stop the menace once and for all. Together, we’ll save thousands and thousands of our fellow Americans and the families of so many people.

We’ll not rest until every American child can grow up free of the menace of drugs, empowered to realize their full and unlimited potential. So many lives are stopped cold by drugs, whether it’s death or just a ruined life. Because, in many cases, you have ruined lives because of drugs. They never recover. They never recover.

And now I’d like to ask Secretary Azar to say a few words about the new funding. It’s a record number. You add it all together and people never thought they’d see a thing like this, but we’re making tremendous headway and I want to thank everybody with me today.

And, Secretary, if you could say a few words. Thank you. Thank you very much.

SECRETARY AZAR: So thank you, Mr. President, for your dedication to this challenge. As you mentioned today, HHS is dispersing $1.8 billion in grants to help states and local communities combat our nation’s crisis of opioid addiction and overdose.

That includes $932 million in grants from the Substance Abuse and Mental Health Services Administration led by Dr. Ellen McCance-Katz to provide flexible funding for state governments to support prevention treatment and recovery services in ways that meet their state’s needs. That can mean everything from expanding the use of medication-assisted treatment in criminal justice settings, or in rural areas via telemedicine, to youth-focused, community-based prevention efforts, recovery supports like employment coaching, and support for the distribution of naloxone.

We’re also releasing the first round of $900 million in grants from the Centers for Disease Control and Prevention led by Dr. Robert Redfield. This money will help states and local communities track overdose data and develop strategies that save lives.

Over the past two years, under President Trump’s leadership, the CDC has dramatically sped up its data reporting. When the President took office, overdose data nationally was only published with a 12-month lag. With the help of better reporting from local health departments, which we are now investing even further in, we’ve gotten that down to six months now.

That’s just one example of the results we’ve seen under this President. A year and a half ago, I joined him in Manchester, New Hampshire, to launch his opioid initiative. He called for action, and that’s what we’ve delivered. And I want to thank Kellyanne Conway; Jim Carroll, our drug czar; as well as my Assistant Secretary for Health, Admiral Brett Giroir, for their leadership of this whole-of-government effort.

The President said we would, quote, “prevent addiction by addressing the problem of overprescribing.” Since the President took office, the total amount of opioids prescribed is now down 31 percent. The President said we need to, quote, “make medically assisted treatment more available and affordable.” Our estimates suggest that in 2016, 921,000 Americans were receiving medication-assisted treatment, the gold standard for treating opioid addiction. In 2019, our estimates suggest we have 1.27 million Americans receiving this treatment, a 38 percent increase.

The President said, quote, “We’re going to [have to] make sure our first responders have access to lifesaving overdose-reversing drugs.” Since he took office, naloxone prescriptions have risen 378 percent.

When the President asked HHS to declare a public health emergency back in 2017, he promised that we’d see more approvals of waivers to help, quote, “unlock treatment for people in need.” They’d come “very, very fast,” he said. And since he took office, we’ve approved waivers for 21 states compared with four under the prior administration.

All of this work, as the President explained, is making a difference and saving lives. I look forward to continuing the fight with President Trump, our team at HHS, and all of our partners at the state and local level. So thank you again, Mr. President, for your leadership of this critical public health initiative.

THE PRESIDENT: Thank you very much. Great job. Thank you.

Admiral, would you like to say something? Please.

ASSISTANT SECRETARY GIROIR: Well, thank you, Mr. President. We’ve combatted this on so many fronts, and I’m privileged to be the Assistant Secretary working in your administration and also leading opioids policy for the Secretary.

So much has been said, but I want to highlight one other piece of the equation. I’m a pediatric ICU doctor by training, and the attention that we have given to children who are born dependent on opioids and other drugs is really unprecedented and absolutely magnificent.

We now have better forms of treatment for these children. We can keep them with their mother so they can both recover together. So, across the board, we have treated this outbreak for what it is: It is a public health emergency.

We are treating it as public health emergency because it is. Addiction is a chronic disease of the brain. If you can hold your breath for 10 minutes, if I ask you to do so, that’s like telling a person to stop using the substances they have a disorder for without appropriate treatment and guidance.

So, again, we continue to move forward. And although deaths are down 5 percent — 5 percent in 2018 compared to 2017; unprecedented — we all know that our battle is just starting. We need to keep all the money flowing. We need to insist on evidence-based practices so that patients and their families get the best possible treatment. And certainly everyone in this administration has the commitment to do that.

Thank you, Mr. President.

THE PRESIDENT: Thank you very much. Thank you. Would you like to say something?

ASSISTANT SECRETARY MCCANCE-KATZ: Thank you, Mr. President. Thank you. I lead the Substance Abuse and Mental Health Services Administration. I’ve been an addiction psychiatrist for 25-plus years. And I’ve watched this epidemic evolve as a clinician.

I feel very proud to be able to work in an administration with the President, with Secretary Azar, and with my colleagues that you see here who all have such dedication to helping the American people with a deadly problem that we are making an improvement for in our communities. And we’ll continue to do that until we get this epidemic under control and until all Americans can be free of opioid addiction.

THE PRESIDENT: Thank you very much.

DIRECTOR REDFIELD: When I first spoke with the President about taking this position, 18 months ago, we talked about the need to save American lives, and the President said, “Be relentless.” And he was talking not only in saving lives from the drugs that are pouring into our country from overseas, but we talked about the need to help people who are suffering from an addiction.

And I’ll never forget that conversation because you were focused on the lives of everyday Americans throughout our country, in urban areas, through rural areas, and said, “We bring a whole-of-government approach.” And as you heard today, that is certainly the approach that Secretary Azar has done; Kellyanne Conway with getting the message out; with the First Lady talking about children.

And so it’s a great honor to be here and to represent, as I go around the country, the views of this President that the most paramount thing that we can do is save American lives. And we’re doing that again yet today. Thank you, Mr. President.

THE PRESIDENT: Thank you very much. Great job. You’ve done a great job.

So we’ve all done a very good job, and I think numbers that nobody would’ve believed when we started. But there’s a lot of dedication. I do want to thank Joe, and Kellyanne, and everybody for what you’ve done.

I want to thank the First Lady. This has been very important to her. She saw it very early on. I think we can say, Kellyanne — and it was a very, very important thing just envisioning the tremendous problems within families caused by not only opioids, but drugs generally. It’s a disaster. And it’s — as I said before, it’s all over the world. It’s a problem all over the world. But we’re hitting it very hard, and I think we’re hitting it very effectively — more effectively than anybody would have thought possible.

And we have some things happening and some things coming out. We’re spending a great deal of money, at my request, on finding a painkiller that’s not addictive, where people go out, and they have a minor problem — they go to a hospital with a broken arm or a bad back, and they come out and they’re drug-addicted, and they have bigger problems than they ever thought possible. Literally, at the end of a week, their whole lives are messed up. Destroyed.

And we’re setting rules and regulations that have had a tremendous impact.

So I just want to thank all of you folks, Secretary, for the job you’ve done. It’s been — it’s really been incredible. The success has been great. But the real success will be, I think, over the next few years. I think we’ll be doubling and tripling our numbers up.

And if we do that, we’re going to go from having a really big problem to having a much smaller problem. I guess there’ll always be something out there, but it’ll be a much, much more manageable, smaller problem. And we’ll have saved a lot of lives and helped a lot of families. And we’ll help people live a normal life, as opposed to the kind of hell they’re living through right now.

So I appreciate your being here. Any questions, please? Yeah, John.

Q Mr. President, on the hurricane, if we could: Is there any consideration being given to mobilizing a Department of Defense task force to the Bahamas, in a similar fashion to the one that was mobilized to Haiti after the earthquake there?

THE PRESIDENT: Yeah. Well, we are. In fact, the Coast Guard is over there in a very big way now. I think we have almost eight helicopters — between six and eight. We’ll have eight there very shortly.

It’s a tremendous tragedy. It’s — so far, I mean, they found some pretty bad things, as you probably have heard. But the numbers are still — if you look at that, the numbers are still much smaller than anybody would have believed. But we’re, at the request of the government. And even without the request, but the government has requested — the governor of the Bahamas. And we are over there in a very big way with the Coast Guard. And we’ll also be sending quite a few more people.

We also have to watch, though, what’s happening with Georgia and South Carolina, North Carolina. It’s on its way up, so we have to see where it hits, how it hits.

We got very, very lucky in Florida, as you know, John. We talked about that a little while ago. Florida was going to take a direct hit — go right through into the Gulf. And, really, that would have been a tragedy. And it made that right turn that a lot of people didn’t expect. Very few people expected that to happen. And not only a right; it stayed fairly far away.

So Florida is in great shape, and now we’re going to go through some tremendous states. And we’re going to see how they do. But, so far, it’s staying away. We think it could come on in South Carolina — come very much more onshore. We’ll see what happens.

But — so we have to keep our guard up. We have — we’re watching that. But we’re also very much helping the government of the Bahamas.

Q Any idea the size of the military response? Secretary Esper was talking —

THE PRESIDENT: They’re putting it all — yeah. They’re putting —

Q Secretary Esper was talking about clearing runways. Things like that.

THE PRESIDENT: Right. He’s doing that now, and we’re doing that now. The runways were — I mean, mostly topical. The runways weren’t badly hurt, other than tremendous debris, as you saw. So we’re clearing runways. We’re having a lot of food brought in.

We’re taking some of the — we were very well set up in Puerto Rico. And we didn’t have to worry about it because fortunately it missed Puerto Rico, but we’re taking some of the supplies from other places, including Florida, where we didn’t have to use them. And we’re going to be bringing them over to the Bahamas, where they really need it very badly, because that was a very hard hit.

Yes.

Q Mr. President, you showed us the map earlier of the initial forecast.

THE PRESIDENT: Yeah.

Q And it appeared to have been, I guess, edited, or something, to include Alabama. Can you explain how that change was made? Did that forecast —

THE PRESIDENT: No, I just know — yeah.

Q Did that forecast include Alabama?

THE PRESIDENT: I know that Alabama was in the original forecast. They thought it was get it — as a piece of it. It was supposed to go — actually, we have a better map than that, which is going to be presented, where we had many lines going directly — many models — each line being a model. And they were going directly through. And, in all cases, Alabama was hit — if not lightly, in some cases pretty hard. Georgia, Alabama — it was a different route. They actually gave that a 95 percent chance probability.

It turned out that that was not what happened; it made the right turn up the coast. But Alabama was hit very hard, and was going to be hit very hard, along with Georgia. But under the current, they won’t be. Georgia will be, possibly. We’re going to see. We’re right — we’re right at that point right now.

But I think Georgia is going to be in great shape. Everyone is going to be in great shape because we’re going to take care of it regardless. Regardless.

But the original path was through Florida. That was probably three days — I think that’s probably three or four days old. The original path that most people thought it was going to be taking — as you know, was right through Florida, where, on the right, would have been Georgia, Alabama, et cetera.

Q And that map that you showed us today — it looked like it almost had like a Sharpie (inaudible).

THE PRESIDENT: I don’t know. I don’t know. I don’t know.

Q Okay.

THE PRESIDENT: Yes.

Q Walmart is discontinuing sale of certain ammo after the recent shootings. Do you think they’re making a smart decision?

THE PRESIDENT: That’s up to Walmart. Hey, they’re very smart. They had a tremendous quarter. They just announced tremendous numbers, which tells you how well our country is doing. That’s sort of like the ultimate poll. But Walmart announced numbers that were shockingly good. I’m very proud of them, from that standpoint.

From the standpoint of what they’re doing with ammunition and guns, you’d have to talk to them. That’s up to them.

Q Do you think it could help deter future shootings, or at least the damage from future shootings?

THE PRESIDENT: Well, I don’t know. They feel that what they did is the right thing, and they can do what they have to do. We’re working with Congress, I can tell you. A lot of people are working on different scenarios, and we’re going to see how it all comes about and what happens.

But Walmart — they did what they did. What I’m happy about Walmart is they announced such great numbers. It shows how well our economy — our economy is doing very well.

China wants very much to make a deal. We’ll see. They had the worst year in over 50. You know, they had a year that was a disaster for them. Millions of jobs have been lost. Their supply chain has been destroyed or it’s soon to be destroyed. I don’t think they can continue onward like that.

But let’s see whether or not they want to make a deal. I can tell you, they want to make it. Let’s see if they can get to the table.

Q Mr. President, in terms of what’s coming together in these talks with Congress, and in the wake of Odessa and El Paso and Dayton and a myriad other shootings, what kind of direction is that heading in now, in terms of background checks, in terms of mental health —

THE PRESIDENT: Right.

Q — keeping guns out of the hands of people who shouldn’t have (inaudible)?

THE PRESIDENT: Well, a lot of people are coming back, as you know, John. A lot of people are coming back, and they’re back, in many cases. And there’s tremendous talk going on as to exactly the subject you’re talking about. Many different concepts and many different things, including mental health — which is, to me, a very important element of it.

And we’ll be having — well, I already have — I mean, I’ve been having a lot of phone discussions and some meetings with different people in the Senate and in House of Representatives. And we’ll be making some pretty good determinations pretty soon. We’re in touch with a lot of different people.

There were many proposals put forward. I heard 29 different proposals. So there’s no lack of proposal. We’ll have to see what happens.

Q What do you support?

THE PRESIDENT: I support safety for our citizens. I support keeping guns out of the hands of sick people, mentally-ill people. And I also support something having to do with mental illness. We have to get these people off the streets.

And I was saying very strongly: When I was young, we had mental institutions in New York. And the governor and governors closed most of them. And those people are on the street, other than a few of the institutions for people that have very, very severe — unbelievably severe mental illness. They closed so many of those institutions — that happened to a lot of other places. And they closed them for cost reasons. It was during not-great times and they closed them for cost reasons. And I think that it’s a big — it’s a big problem.

And we have to have, at least to a certain extent, some of those institutions have to be — in a new form — opened up.

Okay?

Q If it took closing some of the loopholes in background checks and maybe even extending the waiting period, would you support that?

THE PRESIDENT: Well, we’re going to take a look. We — that’s a proposal, certainly, by some. We’re going to be looking at a lot of things, and hopefully coming up with something that’s bipartisan. It has to be bipartisan. But hopefully, we’ll come up with something that’s bipartisan.

And I will say this: If you look at background checks and if you look at some of — even the more severe and comprehensive ideas that are being put forward — it wouldn’t have stopped any of the last few years’ worth of these mass shootings, which is a problem.

You look back and you look back at them, and you could go back 15 or 20 years, and many of them wouldn’t have been stopped by the kind of things — and they’re pretty — some of them are pretty severe. It wouldn’t have stopped very much of it.

With that being said, we’re looking at some things that are very strong and we have to do it on a bipartisan way. And we’re going to see what happens, John. We’re going to see what happens. Hopefully something good will come out of it. We will know fairly soon.

Again, a lot of talk is going on. A lot of people coming back. And it’s going to be very interesting. But people want to come to a solution if we can.

Q Mr. President, so are you saying the time is now, sir, for something to happen with guns? Because you’re saying there’s a lot of talk —

THE PRESIDENT: I would like to see — yes. I would like to see, April, something happen. I would like to see it happen soon. We’ve put together a task force at the White House with a lot of good people — a lot of good, talented people. A lot of people that really understand both sides of the issue. You know, you have two sides to this issue. And they’re coming to somewhat of a conclusion.

Now, they’re meeting with the Senate. They’re meeting with the House. And we’ll see if something can happen. But we would certainly like to see that happen.

Yes.

Q Do you think — will you get backlash from the NRA, sir?

THE PRESIDENT: Maybe. Maybe. It’s all right.

Q You don’t mind that?

THE PRESIDENT: We have to do what’s right. No. We’re going to do what’s right. I respect the NRA greatly. They were very nice to me. They supported me. And I have — I do — I have great respect for them. They love our country.

But we’re going to do what’s right.

And you know what? The NRA wants to do what’s right, too. I really believe that. I think the NRA wants to do what’s right. I hope so.

Please.

Q Mr. President, can you speak to your involvement in the Vice President’s plans to stay at a Trump property in Ireland during his trip?

THE PRESIDENT: Well, I had no involvement, other than it’s a great place. It’s Doonbeg. I own it. It’s in Ireland. It’s beautiful. It’s wonderful.

And he had — his family lives there, which is really amazing. Mike — his family has lived there for many decades. In fact, one of the first things he said to me is that he knew I had this terrific place in Doonbeg, in Ireland. And he said to me, “You know, my family lives in Doonbeg.” Meaning, in that area, that certain area of — it’s a beautiful area in Ireland.

But from what I understood, he was going there. Then I heard he was going there but I didn’t — it wasn’t my idea for Mike to go there. Mike went there because his family is there. That’s my — that’s my understanding of it.

Q You didn’t suggest that he stay —

THE PRESIDENT: No, I didn’t. I don’t suggest anything. I don’t suggest it, and nor did I with the Attorney General. I never spoke to the Attorney General about using my hotel. I have a lot of hotels all over the place and people use them because they’re the best. I mean, you know, they’re the best.

And I know the Attorney General is using it, as I read in the paper. I never — to this day, I haven’t spoken to him about it. But he’s using the hotel.

And people like my product, what can I tell you? I can’t help it. But, you know. And I guess they say, “We want to stay at a place that’s better than someplace else.”

But with Mike Pence, we never spoke about it. And with Bill I never spoke about — Attorney General Barr. We never spoke about it. But that’s what they choose.

Yes.

Q Sir, on Afghanistan: Are you ready to sign the peace deal with the Taliban anytime — anytime soon?

THE PRESIDENT: Well, we’ll see. We’re going to be talking to them. We’re continuing to talk. We’ve been there 19 years. We’ve done tremendous work. We could win it very quickly if I’m — I’ve said this many times — if I’m willing to kill 10 million people in the course of a week or two, we could win that thing very quickly. I’m not looking to kill people in that case or in any other case, frankly. We could win that very quickly.

It has not been easy for our country because we’re really serving as policemen more than we are anything else. We’re like policemen in Afghanistan.

But we’re talking to the Taliban. We’re talking to the government. We’ll see if we can do something. It’s been a long time. We have great warriors there. We have great soldiers. But they’re not acting as soldiers. They’re acting as policemen and that’s not their job. That’s not their job.

So we’d like to get at least a big proportion of them home. We also have NATO troops there. We’d like to bring a big portion of them home. So we’re talking to the Taliban; we’re talking to the government. We’ll see what happens. We’re also talking to Iran. And we’re also talking to North Korea.

We have — look, when I took over, I was given a lot of bad hands by previous administrations. And I say that as plural — “previous administrations.” I was given a lot of things.

I was given North Korea, where, as you know, President Obama said, “That’s going to be the hardest problem.” And he said some very tough things about North Korea, that he thought it was going to be a problem. That hasn’t turned out to be that kind of a problem. But who knows? You know, again, I always say, “Who knows what’s going to happen?” But the relationship is good. We’ll see what happens.

But you look at Iran. That was a disaster. They were going to have a nuclear weapon fairly shortly, because, you know, the agreement that was signed with John Kerry and President Obama — that agreement was expiring in a very short period of time. You can’t do an agreement for a short period of time. Pay $150 billion — $1.8 billion in cash — and you have — in cash. And you just can’t do that. So they paid $150 million — 150. Think of that. And how can you do — how could you possibly do a thing like that? They paid all of that money in cash. All of that money. It was plane loads of money in cash, and you can’t do it.

So they made a deal that was a crazy deal. And what people don’t understand: The deal was almost — it’s getting ready to expire in a very short number of years. So we’re going to see what happens. But Iran is not the same country it was and — not at all. Not at all.

But take a look at the kind of money you’re talking about, where you have that kind of money. And look what we got for it. We got nothing. We got nothing. All of that money and we got nothing. And all of those lives.

So I think that Iran wants to talk very strongly, and I think that a lot of people want to talk. I tell you, China wants to talk. China wants to talk. So we have a lot of good things going.

Anything else?

Q Mr. President, on Afghanistan, is there any scenario in which the Taliban does not regain control in Afghanistan?

THE PRESIDENT: Well, I don’t want to talk about it from that standpoint, John. We’re going to see what happens. We’re looking to draw down our troops. We’ve had — we’ve been there 19 years, almost. And that’s a long time. And they fought, and at certain points could’ve won, if we wanted to win. But a lot of times, we go in not to win; we go in as almost police forces.

But you look at that, and you look at other things we’re involved in with — you know, as an example, Iran, where you make a payment, like you made, and you end with nothing. We do things that are things that I disagree with. And I guess that’s probably why I’m here and somebody else isn’t here. And we’re making progress on all of it.

And, by the way, the economy is doing very well. But even if the economy didn’t do well — as an example, with China, I’d have to do the China thing anyway, even if the economy — because it was time. It was time.

You know, the United States cannot continue to lose $500 billion a year. This has gone on for many, many years. And it was time. Somebody should’ve done something. President Obama should’ve. President Bush should’ve. President Clinton should’ve. Both Bushes. But they decided not to. They left it to me.

Q If the Taliban were to regain control in Afghanistan, would that take us back to exactly where we were pre-9/11?

THE PRESIDENT: I think that it will be much different. I think that, having gone in — I was not a fan of going into the Middle East. I think it was a bad decision. I don’t “think.” Now it’s been proven. It’s been a bad — going into Iraq was an incredibly bad decision. That’s my opinion; I’ve said it for a long time.

Q Was going into Afghanistan a mistake?

THE PRESIDENT: It was not as bad, but it would’ve been — it could’ve been handled a lot differently. I think time has proven that. But it could’ve been handled a lot differently.

But we’re in very major discussions. They may or may not happen. You know, there’s no guarantee that they’re going to happen. We’re dealing with the government also. If you watched a show called “60 Minutes” from about two years ago, I remember exactly what was said by your leader of the government, that, if the United States wasn’t there, he’d be there for a very short period of time. He wouldn’t be able to sustain himself. That’s not a good situation either.

We have to stay there in order for them to sustain themselves. Well, eventually, we have to get out. So why is he saying that? And that was a — that really made a point. That was two years ago. Maybe even a little bit longer.

But I watched that statement, and I said, “Wow, that tells you something. That tells you something.” But that’s not a good situation.

So that’s basically the story. We have a lot of things going that are very good. The economy is doing great. But whether it did or not, the things we’re doing are much more important.

And, in particular, if you look at Iran — how that’s going — I think it’s going fine. I think it’s going good. I tell you they want to — they want to talk. They’re in a much different position than they were two and half, almost three, years ago. When I came into office, they were the number one source of terror in the world. And even the money that they’re giving to terror organizations is way down because they don’t have so much money. All of that — all of those billions of dollars given by the previous administration, that money has been long spent. It’s long gone. And they want to see if they can do something.

Because Iran can be a great country, and North Korea can be a great country. They can be great. We’re not looking for regime change. We’ve learned that lesson a long time ago. They can be great countries. We’ll see what happens.

But there’s a lot of — a lot of talking going on right now. And I think a lot of it is going to be — and maybe all of it is going to happen in some very important deals.

Yes, go ahead. April?

Q Mr. President, back on China. Before you even became President, the relationship with this nation and China was complicated. And now, tensions have escalated with a war of words.

THE PRESIDENT: I don’t think it’s complicated, April. I think it’s very simple. We can’t be ripped off by China anymore. You know, I think he understands that. I actually think our relationship now is much less complicated than it was previous to me, when they were ripping off our country.

Q So here’s the question: Are you concerned with the back and forth, with the war of words, with China — that they could possibly, one day, call our debt due and it could destabilize our economy? Have you ever thought about —

THE PRESIDENT: No, I’m not worried about it at all. They have approximately a trillion dollars. That’s a trickle compared to what we do. And, plus, interest rates are very low. We’ve never been at a position where we’ve had more people wanting to invest in our bonds. Never. It sets — we’re setting records.

Interest rates are so low. It’s the lowest interest rate we’ve ever paid. I mean, we’re paying a number that we haven’t paid — I don’t believe we’ve ever paid it this low. We have some refinancings that are coming due soon, and they’re going to be so oversubscribed like you’ve never seen before.

So if somebody wanted to get their debt — you know, when their — first of all, their debt has to come due. You know, when their debt comes due, if they didn’t want to renew or re-up, as they say on Wall Street, that would be fine with us, because we can refinance that very easily.

There’s never been a time where more money has come into our country. People want it for security; they want it for safety. They want it for a little interest. Very little interest. But they want the security and the safety. And we’ll have no trouble. There’s nothing anybody is going to be doing. We’re in a very strong position. Really strong position. Probably, in terms of refinancing, the strongest position we’ve ever been in. Okay?

Thank you, April. John? Thank you.

Q The other thing I would think of, sir, along those lines, is: If China decided to close down the South China Sea, what could the United States do about it? Because there are enough missiles there to do serious damage to the 7th Fleet (inaudible).

THE PRESIDENT: Well, yeah, I know, John. I don’t want to talk about that. Look, we have a lot of very strong allies, and we’re doing a lot of allies very big favors by even being over there. We’re spending a lot of money to help Japan. We’re spending a lot of money to help South Korea, the Philippines. We have — we spend a lot of money to help a lot of people. And in many cases, in some cases — but many cases — these people don’t do so much for us.

And — but we are — we’re helping a lot of people throughout the world that have never appreciated it. We’ve never had a leader that demanded that they appreciate it. I’m saying you have to appreciate it.

But I think it’s a hypothetical. I think it’s highly unlikely. But if something would happen, you’ll be the first to know. Okay? Thank you, John.

Thank you, everybody. Thank you very much. Thank you.

END 3:18 P.M. EDT

President Trump Delivers Remarks from The Oval Office – Storm Prep and Presser – (Video and Transcript)…


Earlier today President Trump delivered remarks on updated Hurricane Dorian preparations from the Oval Office.  In addition to the hurricane updates, President Trump held an an impromptu press conference. [Video and Transcript Below]

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[Transcript] Oval Office – THE PRESIDENT: We thought we’d give you an update on the hurricane. We got lucky in Florida — very, very lucky indeed. We had — actually, our original chart was that it was going to be hit — hitting Florida directly. Maybe I could just see that, Kevin. It was going to be hitting directly, and that would have affected a lot of other states. But that was the original chart.

And you see it was going to hit not only Florida, but Georgia. It could have — it was going toward the Gulf. That was what we — what was originally projected. And it took a right turn and ultimately — hopefully, we’re going to be lucky. It depends on what happens with South Carolina and North Carolina. But it’s heading up the coast, and Florida was grazed. Mostly wind. And we’re going to have a report on that.

We have been sending, through the United States Coast Guard — who have been incredible. They are on the Bahamas right now and they’re helping with the Bahamas. The Bahamas was — a big section of the Bahamas was hit like few people have seen before.

But we’re helping in a humanitarian way. We’ve been asked to help by the government of the Bahamas. And we have numerous helicopters, and we’re sending some — some people to give them a hand, and they need a big hand. What’s going on over there is incredible. Few people have seen anything like that, although, I must tell you, over the years, there have been some hurricanes that were bigger and stronger and more powerful that hit us very hard also.

But I’d just maybe like to start — Kevin, if you could just say a few words about where we are.

ACTING SECRETARY MCALEENAN: Sure.

THE PRESIDENT: And then I’ll ask the Admiral to talk a little bit about what you’re doing in the Bahamas. And then we’ll get back to South Carolina, North Carolina, and what we expect.

Okay? Thank you, Kevin.

ACTING SECRETARY MCALEENAN: Yes, sir. Mr. President, we have Acting Administrator Pete Gaynor, from FEMA, on the line as well. He’s been in Florida yesterday. He’s in Georgia right now, headed up to South Carolina, touching base with the emergency managers in all of the states that are on the path of Dorian.

Obviously, the hurricane remains a Category 2 — a very powerful, very large storm. We are worried about significant impacts to South Carolina, from Charleston to Wilmington, as well as the Outer Banks. And it’s that triple threat of potentially hurricane-force winds, certainly tropical storm force; as well as a storm surge — four to seven feet; and then a significant rain event, up to 10 inches or more in parts of the Carolinas.

So we’ve been very well prepared. Coordinated fully with the states. A lot of pre-deployed assets ready to come in and fully respond after the storm. *311 are repositioning some of the assets that were further south in Central Florida.

So we’re ready for the storm, Mr. President. FEMA and the interagency partners, supporting the states, have done a tremendous job, and we’re on our toes, looking forward to responding effectively.

THE PRESIDENT: That’s great.

I think we want to also say we were really well prepared in Puerto Rico. It — we got lucky in Puerto Rico, where it missed it by quite a bit, actually. But we were ready just in case. And tremendous supplies, people. A lot of things going on in Puerto Rico. And they were very happy, and it worked out very well — the optimum — because they didn’t get hit. But it took a different path and it hit the Bahamas very hard.

So, again, we’re working with the government of the Bahamas at their request. And we have a lot of — a lot of people helping. And we have, most importantly, the United States Coast Guard, which has done so incredibly well in Texas and Florida and in Puerto Rico on the last hurricane — the last big one.

Admiral, if you could say a few words about that.

ADMIRAL SCHULTZ: Yeah. Thank you, Mr. President. Just to reinforce the Secretary: We’re ready, domestically, here, from Florida up through the Carolinas. We’re Coast Guard, part of the DHS/FEMA team, sir. So we’re 100 percent ready to roll there.

In the Bahamas, it’s been challenging. We accessed the Bahamas — the Abaco — which is in the northeastern reach of the Bahamas. On Monday, the first flight crews — those were rotary-wing helicopters — got in there. We’ve rescued probably, you know, 50 folks to date. We’re just starting to get a site picture on Grand Bahama Island in Freeport, which is the center of gravity, population-wise, in the northern Bahamas. So today, we’ll start to have a much fuller picture. That’s the region where Dorian sat almost 36, 48 hours, and just pounded the region.

THE PRESIDENT: Right.

ADMIRAL SCHULTZ: So we expect the impact to be severe, sir. We’re rendering, you know, lifesaving support here, humanitarian assistance. We’re working with USAID and the Office of Foreign Disaster Assistance, who is the lead agency here on providing, you know, urgent support. Our CBP Air and Marine counterparts are there with helicopters. And, you know, we’ll see where this evolves to in the next 24 hours and what type of additional support, possibly from DOD, may be warranted, sir.

THE PRESIDENT: Good. Will you be using some of the supplies from Florida and even from Puerto Rico, where — to areas that will definitely get hit? If you look at North Carolina, South Carolina —

ADMIRAL SCHULTZ: Yes, sir.

THE PRESIDENT: — Georgia.

ADMIRAL SCHULTZ: So, Office of — the Office of Foreign Disaster Assistance, under AID, has a warehouse in South Florida. So we’re working on an air bridge of supplies into the Bahamas, a maritime bridge, aboard Coast Guard cutters.

What’s challenging right now, sir — because we haven’t gotten into Freeport, Grand Bahamas, and there’s no open airports there. The airports are under water. Those airports that are accessible are not accessible from roads. So most of the stuff has got to come in rotary-wing. AID has got to get, you know, sort of a network in place to start distributing supplies, sir.

But we’re working diligently with our partners on that, on trying to bring some relief to the Bahamas, sir.

THE PRESIDENT: And I guess the other problem is we don’t know how hard South Carolina and North Carolina; Georgia, to an extent, could be — to a big extent — we don’t know yet. We don’t know where the hurricane is turning, I guess.

Admiral, would you like to say something about that?

ADMIRAL BROWN: Certainly, Mr. President.

Secretary McAleenan discussed the major risks — the storm surge, the heavy rainfall, and the tropical storm- and the hurricane-force winds. The other aspects of this storm that make it particularly troublesome are the duration of it. It’s going to be yet another two days before we clear the North Carolina coast. On it’s current track, there is a potential for landfall.
But even without landfall, the heavy rain that’s going to impact South Carolina and North Carolina is coming right on top of areas that were damaged in Hurricane Matthew in 2016 and Hurricane Florence in 2018.

So FEMA is well prepared for what they’re calling “response on top of recovery.” These are communities, families, who have already been affected by previous hurricane seasons.

THE PRESIDENT: That’s pretty amazing. This is the original path that we thought. And everybody thought that this was about a 95 percent probability, and it turned out to be not that path. It turned out to be a path going up the coast, and we’ll see where that happens now. There’s even a chance that it could start going further right. That could happen. That would really be luck.

But we certainly got lucky in Florida. Now, if we can get lucky in Georgia and — if you look at South Carolina, North Carolina, but it could even extend even beyond that. So we’re talking about Virginia. Hard to believe. So we’ll see what happens.

But it’s a very erratic, a very slow, very powerful hurricane, so that it’s built up tremendous water and water supply like few have seen. Texas had something similar, where the water was tremendous — the water dump was tremendous. And we have that here.

But again, it looks like Florida is going to be in fantastic shape by comparison to what we thought. We thought it was going to be a direct hit. We were thinking in terms of Andrew — Hurricane Andrew — from many years ago, where it went right through the middle of Miami, and that was a disaster. And so we’re very happy about, so far, Florida, and we’ll see how it comes with respect to other states.

But it’s starting to move up along the coast. It’s a little bit further away, I think, than we would have projected right now. But it can rapidly turn left, or west. And we hope that doesn’t happen, but we’re very well prepared. Everybody has been incredible.

I have, actually — Peter Gaynor is on the phone listening to what we’re saying. Peter, do you have anything you’d like to add?

ACTING ADMINISTRATOR GAYNOR: Yes, sir. Sorry I couldn’t be there with you today. You know, more than two weeks ago, when we started planning for this storm, our guidance was: big storm, big response. And we are ready to go today. And really, this is a whole-of-government effort. Federal resources are positioned throughout many states and we’re ready to respond to any response from multiple states or a single event. And again, we followed the storm up the coast. We’ll continue to do that until Dorian is not a threat.

Just to give you a quick overview of some of these resources that are in the field right now: 4,000 federal responders are deployed to — and that does not include the 6,000 National Guardsmen that have been mobilized. We also have National — or, excuse me, American Red Cross spaces for 65,000 potential evacuees, and 40,000 line workers that are ready to do restoration of electrical lines.

We are ready to go. And again, we’ll follow Dorian up the coast until it is not a threat to the U.S. Thank you, sir.

THE PRESIDENT: Great job. Tell you’re people at FEMA, “Fantastic job.” But we’ll hold it until the very end, okay? We’ll hold congratulations until the end.

But we’re very well prepared for North Carolina, South Carolina, Georgia. And again, we’re helping the Bahamas at the request of the government of the Bahamas, okay?

Thank you all very much.

Q Mr. President, there was some concern that was voiced last week about reprogramming $115 million from the FEMA Disaster Relief Fund base budget to address the crisis on the border. Are you still comfortable with that? Is there still —

THE PRESIDENT: Oh, yeah.

Q — enough money in that base budget?

THE PRESIDENT: Well, first of all, we’re using much less here than we anticipated. We thought this was going to be a direct — originally, this was going to be a direct hit into Miami. And we’re — we would have been satisfied anyway.

No, we need — we need help on the border. The numbers are really good. I want to thank, again, the country of Mexico. They have 25,000 soldiers right now protecting our border. And they’ve done a fantastic job. So we appreciate that very much. Mexico has never helped us on the border and they are now — 25,000 soldiers.

And you may want to talk about the numbers are down in half, I guess.

ACTING SECRETARY MCALEENAN: Yes, sir.

THE PRESIDENT: Do you want to mention that?

ACTING SECRETARY MCALEENAN: Yeah. We’re compiling the August numbers now. We’ll be releasing those early next week. But we’re looking at a reduction of over 50 percent from May to today. Continued partnership with Mexico — I just got back, Mr. President, from El Salvador last week, where we signed a new agreement to continue to work together on irregular migration.

So we’re getting a lot of partnership from the countries in the region, with your leadership, and, again, applying those resources at the border to enhance our security.

THE PRESIDENT: And the wall is being built. It’s going up rapidly. It’s — I guess, most of you have been able to see it. We’re building very large sections of wall. It’s — I guess a big factor was we just won the big Supreme Court case, as you know.

And we have — we’re building in different sections. We’re building different sections simultaneously. And we think by the end of next year, which will be sometime right after the election, actually — but we think we’re going to have close to 500 miles of wall which will be complete. That’ll be — what we wanted to do is about 500 miles. That will take care of all of the areas that we wanted, including some of the marginal areas that we didn’t necessarily need, but if we could — could have gotten it done. We were looking to do about a 500-mile stretch. We should have it almost complete, if not complete, by the end of next year. So we look forward to that.

Q Mr. President, you consulted with members of Congress about reprogramming $3.6 billion.

THE PRESIDENT: Yes, we have.

Q Can I — can we ask what you told those members of Congress —

THE PRESIDENT: Well, I didn’t tell them anything.

Q — about that reprogramming?

THE PRESIDENT: The Secretary of Defense spoke with members of Congress and explained it to them. And I think he felt very good about it. He feels it’s a national security problem; I do, too. It is — when you have thousands of people trying to rush our country, I think that’s national security. When you have drugs pouring into our country, I view that as national security. And he had very good conversations with various members of Congress.

Q Sir, if this storm stays on track, going through Georgia and the Carolinas —

THE PRESIDENT: Yeah.

Q — it will hit farmland. Many farmers are already having problems there. What do you have in place to help them if there is devastation —

THE PRESIDENT: Good question.

Q — as there has been in the past?

THE PRESIDENT: We’re very well prepared for that. Last time, if you remember, when it hit Mexico Beach, we — wiped out a large, large farm areas — and not only Florida, but in Alabama and in Georgia.

And what we did is we were able to help the farmers a lot. As you know, we sent aid to the farmers. They lost their crops. They lost — in some cases, they lost almost everything. We were able to help them — get them back on their feet. We’ll be doing the same thing now.

You will have, probably, some hit on farms up along the coast, and we’re going to be able to go in with Secretary of Agriculture.

We have a lot of money because of the tariffs we’ve taken in. We’ve taken in tremendous — many billions of dollars of tariffs from China. And we will have a lot of money to be helping our farmers along the coast if they get hit.

They may not get hit. There’s a real chance that this could veer out the other way. But there’s also a chance that it goes straight or it goes left. If it goes left, that’s an even different subject. But our farmers will be helped. We’re going to help our farmers.

Q How much are you talking about, sir? You say you a lot of money from the tariffs.

THE PRESIDENT: Well, it depends. It depends what you’re talking about. It depends who’s hit, which state is hit. Right now, we don’t know.

Q Coastal Carolinas, Georgia?

THE PRESIDENT: We can predict the path, but so far, the predicting has been very tough with this particular hurricane. But we have a lot of — we’ve taken in tens of billions of dollars in tariffs from China. Prices have not gone up, or they’ve gone up very little. China has paid for most of that, and I say paid for all of it. China has now had the worst year that they’ve had in 57 years. This is the worst year they’ve had in 57 years. And they want to make a deal; we’ll see what happens.

But in the meantime, we’re taking a lot of money. We haven’t taken 10 cents in from China. If you look back over the years, it’s been the other way around. They’ve taken from us; we never take from them. Now we’re taking from them. So we’ll see what happens.

But we have a lot of money to help our farmers. Last year, I gave the farmers $16 billion out of tariffs. The year before that — because they were targeted by China. The year before that, I gave our farmers $12 billion. And the way we figured that — I said, “How badly have our farmers been hit by targeting from China?” And I was told they were hit to the tune of $16 billion. And I made up that 16, dollar-for-dollar, to the farmers.

So the farmers are extremely happy, and they also know — they’re warriors — they also know we have to do this with China. We can’t let this go on. They were taking out $500 billion a year out of this country, including intellectual property theft, which was rampant.

So, our farmers will be helped. Nobody that we’ve done more for than our farmers. And they understand you have to win the war with — this is a trade war, trade battle; you can call it anything you want. But — and this should have been done by Presidents before me, not just President Obama. This should have done by President Bush and President Clinton. This should have been done a long time ago.

China has been absolutely — the World Trade Organization has been a disaster for the United States. China has taken advantage of it and us, and that’s not happening anymore. But the farmers have been taken care of. Sixteen billion dollars and twelve billion dollars, each year. Okay? Thank you.

Q Huawei is accusing the United States of trying to infiltrate its company, snoop around.

THE PRESIDENT: Who is? Who?

Q Huawei. Do you have any comment on that?

THE PRESIDENT: No. It’s a national security concern. Huawei is a big concern of our military, of our intelligence agencies. And we are not doing business with Huawei. It’ll stop almost completely in a very short period of time. And we’ll see what happens with respect to China. But Huawei has been not a player that we want to discuss, we want to talk about, right now. We’re not going to be doing business with Huawei. We’re going to do our own business, you know, the old-fashioned way. We’ll do right from within the United States, which is what I’ve been saying for a long time.

And, by the way, speaking of tariffs, there are no tariffs. If you want to build or make these products in the United States, there are no tariffs whatsoever. And people are coming back now to the United States in large numbers.

Q Mr. President, Senator Daines and Senator Perdue just returned from a visit to China where they met with the Vice Premier, Liu He. Did you approve that meeting? And was it helpful?

THE PRESIDENT: I approved it, and my people approved it. China asked for the meeting. They have a lot of respect for Senator Daines and for Senator Perdue; so do I. They’re friends of mine, and they’re great senators doing a fantastic job. I knew about the meeting. I approved of the meeting. And all they did is say that we really have bipartisan support.

If you look at it — and the support is very serious. So we’re not playing games. And that was the message that was given by Senator Perdue and Senator Daines, and it was given very strongly. They absolutely had my permission, and they also spoke to Ambassador Lighthizer and Secretary Mnuchin about the trip, before they went there.

Q Was it helpful?

THE PRESIDENT: Well, they told me the attitude of China, and I think, basically, they said that China would like to do something. Like — I know they’d like to do something. Look, they’re having their worst year in, you know, many, many decades, as I said. They’re having a supply chain that’s being absolutely fractured and broken, which is very bad for them. They’ve lost 3 million jobs, and the jobs are moving to Vietnam and other places, including the United States, by the way. Some people are just making the product here.

But they’re moving all over Asia and some here. And, you know, if I were China, I’d want to make a deal. I can’t tell you, but I want to make a deal. And I can tell you, they do want to make a deal. We’ll see if we can do a real deal, not a fake deal, like the fake media. A real deal. Okay?

What else?

Q Do you plan to travel to the Bahamas?

THE PRESIDENT: Well, it’s — again, I guess you would call it a British protectorate. But I will do a lot. We just — have a call. We’re waiting for the call — they’re having a lot of trouble with the telephones over there, as you can imagine — from the Prime Minister. And we’re helping a lot. And the Admiral just said — we’re sending a lot of resources over there to help people on a humanitarian basis.

But I would do that. If we think it’s appropriate, I would stop there, yeah.

Q We know the actions that — I’m sorry, Admiral.

ADMIRAL SCHULTZ: I was just going to say, John: Mr. President, we had the Prime Minister onboard a Coast Guard aircraft with our Atlantic Forces Commander, the charge d’affaires, the U.S. senior — the U.S. diplomat there, and many folks of the Bahamian government, to a get a site picture. Again, we couldn’t access parts, but we’re working very closely with the government and Commonwealth of the Bahamas, sir, to help them understand the extent of the damage.

THE PRESIDENT: They’ve got a situation in the Bahamas like few have seen before. It’s a tough, tough thing.

Q We know the actions that Treasury took against the IRGC-Qods Forces — oil deal that it was running, particularly with Syria — there was some thought that this may be part of a precursor to talks between you and President Rouhani. What’s your thinking on that front?

THE PRESIDENT: Well, we’re going to see what happens. They want to talk. They want to make a deal. Iran is not the same country is was two and a half years ago, that I can tell you. Getting to be three years. Hard to believe. Here — we’ve been here almost three years now. I’ve been saying two and half years, and it’s almost three years. We’re getting very close.

But Iran is not the same country. When I came into office, Iran was absolutely a terrorist organization, all over — from 14 to 18 sites of confliction, and they were behind every one of them. And now you’re not hearing so much about that. We’ll see what happens.

Look, Iran is a country with tremendous potential. We’re not looking for regime change. They have tremendous potential. And I think they’re going to want to take advantage of that potential. I really believe that. I think North Korea is a country with tremendous potential, and I think they’re going to want to take advantage of it. So we’ll see what happens.

But Iran has tremendous potential, and I can’t imagine they’re going to want to go through what they’re going to have to go through if they want to do it the hard way. So we’ll see what happens.

Q You, Rouhani, and Macron will all be at the General Assembly in New York, later this month. Could a meeting potentially happen then?

THE PRESIDENT: Well, I don’t know. I mean, I very much appreciate President Macron — his involvement. But we’re not dealing through President Macron. People are dealing with us directly. We don’t have to go through another country.

Q Could there be a meeting?

THE PRESIDENT: We have actually — we’ve had a lot of help, if we wanted, from Japan. Japan is one of their biggest — possibly their biggest buyer of oil. They have a big relationship. That’s Prime Minister Abe.

So we don’t need anybody to deal. We can deal directly, if we want. But other countries are offering help. They’d like to see it straightened out. But they also agree with me. We had a great G7, and they all agreed: no nuclear weapons for Iran. They all agree: no nuclear weapons for Iran.

Q Sir, but the Iranians have said that they don’t want to talk to the U.S. until the U.S. rejoins the JCPOA. So how do you square —

THE PRESIDENT: No. Well, that’s not their last statement, actually. But they did say it in a different form. They said until we do certain other things, like drop sanctions. And that’s not happening. Okay? That won’t be happening. They — they didn’t say it quite the way you said it, but they said it with the same end result. And that won’t happen.

Q Is it possible that there could be a meeting between you and Rouhani at the UNGA?

THE PRESIDENT: Sure. Anything is possible. They would like to be able to solve their problem. They’ve got a big problem. They’re getting killed, financially. Their inflation is at a number that few people have ever seen inflation at. And it’s a very sad situation. They could solve it very quickly. We could solve it in 24 hours.

But we’ll see what happens.

Q Will the Chinese delegation come to Washington this month, Mr. President?

THE PRESIDENT: I can only say this: When you hear they have their worst year in over half a century — this is the worst year they’ve had in — that anybody can even remember — but over 50 years, over half a century. I would think they want to solve the problem.

People have no idea. You know, we’ve created tremendous wealth in this country, in our country, since I’ve been elected — well over $12 trillion. They’ve lost, probably, $20 trillion.

When I assumed office, had my opponent won, within two years, in my opinion — maybe less — China would’ve been a bigger economy than the United States. Would’ve been bigger. Now we’re so far ahead of them, it’ll take them years to catch. And if we always have competent people sitting here, they’ll never be able to catch us.

We have a springboard. It’s amazing what’s happened. And let me tell you: if I wanted to do nothing with China, my stock market — our stock market — would be 10,000 points higher than it is right now. But somebody had to do this. To me, this is much more important than the economy. Somebody had to do this. We had to do it with China. It had to be done.

And I’m not even talking about purely economically; I’m talking about in other ways also. And they were — it was out of control. And they were out of control.

So we’ll see what happens. If they want to make a deal, they’ll make a deal. If they don’t want to make a deal, that’s fine. But I can tell you: They’re having one of the worst — I guess, the worst on record, and they want to make a deal. And if I were them, I’d want to make a deal, too. But we’ll see what happens.

Okay? Anything else?

Q Have you been following the situation in London with Boris Johnson and the Brexit vote?

THE PRESIDENT: Well, Boris is a friend of mine. And he’s — he’s going at it. There’s no question about it. He’s in there — I watched him this morning. He’s in there fighting.

And he knows how to win. Boris knows how to win. Don’t worry about him. He’s going to be okay.

And he’s also got — you know, they have a big stake in the Bahamas. When you mention that, they have a very big stake in the Bahamas. So I know they have one ship that’s on its way — had a hard time getting there with the weather, but it’s on its way. And they have a lot of people over there, so they have big stake. Okay?

Q What was the rationale for rolling back the regulations on energy-efficient lightbulbs?

THE PRESIDENT: On what?

Q Energy-efficient lightbulbs.

THE PRESIDENT: We’ll give you a report on that. We’re doing a report on all of that. But there’s a very good rationale when you hear it. And what’s saved is not — is not worth it. For the little they save, and what people were going through, it is not worth it. And price was another thing. Okay?

Same thing with cars. In California, they have a standard where the cars are going to have to be much more expensive and won’t be as good. So we’re giving an option to car companies to create a better car for less money — meaning less money to the consumer.

So if the consumer can save $3,000 on a car and have a very energy-efficient car, but not energy-efficient so that the car doesn’t work well — which is happening — we’re giving them a tremendous option, if they want the option. We’re giving it to the consumer, but we’re giving it to the car company to pass — companies to pass along. And we’ll see how that one works out.

We’re doing that. We’re doing a lot of that. We want to make it good for the consumer. If we can build a less expensive car that’s better, we like that.

Q Since we likely won’t be able to ask you questions in this afternoon’s event, what impact do you think this $2 billion in opioid grants will have?

THE PRESIDENT: So we’ve done a great job with drugs, generally. But it’s a tremendous worldwide problem. But we’ve done a very good job with opioids and getting fewer people to use them and prescribe them. And we’re about 17 percent down from a little more than a year ago. That’s a big number, when you think 17 percent. But we’re about 17 percent down.

And one of the things we are doing is we’re funding different projects where we come up with a painkiller that’s not addictive. You know, you have — people go into a hospital with a broken arm. They come out; they’re drug addicts after three days. The opioid stuff is bad. And when they get used to it — once they get hooked, it’s a very hard thing to get off of.

So we’re down 17 percent. We’re going to be doing a conference today, as you know. And we’ll talk a little bit about it. But we’ve worked very, very hard on opioids and all of the problems that they’re causing — tremendous problems. Okay?

Q Sir. Lay out your healthcare plan, sir.

THE PRESIDENT: Okay? Thank you. Thank you, everybody. Thank you, everybody.

END 12:47 P.M. EDT

Steve Bannon | Full Address and Q&A | Oxford Union


Published on Nov 16, 2018

SUBSCRIBE for more speakers ► http://is.gd/OxfordUnion Oxford Union on Facebook: https://www.facebook.com/theoxfordunion Oxford Union on Twitter: @OxfordUnion Website: http://www.oxford-union.org/ After a career in the Navy, investment banking, and Hollywood, Mr Bannon co-founded Breitbart News in 2006. He became the chief executive of Donald Trump’s 2016 election campaign and subsequently served as White House Chief Strategist from the inauguration until August 2017. Since then, he has set up an organisation called The Movement, which is designed to promote right-wing economic nationalism in Europe ahead of the European Parliamentary Elections in 2019. ABOUT THE OXFORD UNION SOCIETY: The Oxford Union is the world’s most prestigious debating society, with an unparalleled reputation for bringing international guests and speakers to Oxford. Since 1823, the Union has been promoting debate and discussion not just in Oxford University, but across the globe.

 

Thailand & its Military Coups are Different from the West


QUESTION: My friend is Chinese. He said you are very popular in Asia because you understand the Asian mindset. I believe when the military stepped in in Thailand against the politicians, you were not concerned about a military-type coup and said it was different from the West’s experience. Would you care to explain that position? Really curious.

PN

ANSWER: The Thai people are among the most polite in the world. Military coups d’eÌ tat occurred in Thailand in 2006 as well as back in 1991, 1991 and 2006. The Thai military acts as a political army which is very different from military coups in the West. The Thai military determines the combination of factors necessary for the military to step into the political system which stems from the kingdom’s ancient beginnings. The 1932 coup d’eÌ tat overthrew the absolute monarchy and defended the people. In the 1980s, they established the founding principles of the military and its historical role in politics, both of which contribute to the values and identity of Thailand’s military as an institution.

If you actually look closely and make a comparison of the precoup periods to the events that lead directly to the coup event, there is clearly a common set of factors necessary for the military to stage a successful coup. These factors include political stalemate, affronts to Thai values, and direct threats to the interests of the nation. Thailand’s military is compelled to act as a political army due to the birthright principle, civilian incompetence, and military competence.

order OF THE CINCINNATI

The Thai people do not see such military intervention as the same thing as in the case of European history from Hitler to events in Spain and Italy for example. Ironically, they follow more along the lines of the principles of the Roman dictator Lucius Quinctius Cincinnatus (519–430 BC). He was an aristocrat and statesman who served as consul in 460 BC and dictator in 458 BC and 439 BC, which made him a model of integrity and virtue. The Romans regarded Cincinnatus as a hero.

When Rome was invaded, Cincinnatus was called to serve Rome as a dictator, which was an office for one year. He defended the nation and then resigned two weeks later after defeating the rival tribes of the Aequians, Sabines, and Volscians. His immediate resignation of power demonstrated his integrity and lack of personal ambition.

Order of CincinnattiGeorge Washington would not accept the office of president until he had resigned as a military leader and returned to private life. The Founding Fathers were deeply impressed with the battle of Rome against its Tarquin king that gave birth to a republic. George Washington followed and created the Order of the Cincinnati and wanted to follow his integrity.

The Thai military in its coups has followed the same path. Their interventions and unlike those of various military dictatorships in European history. They step in, deal with corruption, and then surrender power back to the political state. They may not be expressly following the man Cincinnatus, but they have exercised the very same basic principle. The proof of that is the simple fact that they returned the power to the political system.

Susanna Reid Debates Steve Bannon over Trump’s Brexit Criticism | Good Morning Britain


Steve Bannon joins Piers Morgan and Susanna Reid as USA President Donald Trump visits the UK. They debate Trump’s criticism of Brexit, how a US-UK trade deal might work and cover Trump’s controversial Muslim travel ban. Subscribe now for more! http://bit.ly/1NbomQa Broadcast on 13/07/18 Like, follow and subscribe to Good Morning Britain! The Good Morning Britain YouTube channel delivers you the news that you’re waking up to in the morning. From exclusive interviews with some of the biggest names in politics and showbiz to heartwarming human interest stories and unmissable watch again moments. Join Susanna Reid, Piers Morgan, Ben Shephard, Kate Garraway, Charlotte Hawkins and Sean Fletcher every weekday on ITV from 6am.

 

 

President Trump Delivers Impromptu Remarks Departing White House….


Chopper pressers are the best pressers. As the president departed the White House for Camp David, President Trump stops to deliver remarks on ongoing events to the assembled press pool.  [Video Below – Transcript will Follow]

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Homeland Security and Counterterrorism Advisor, Peter Brown, will accompany the President to Camp David this weekend to provide regular updates on Hurricane Dorian. Also traveling with the President were Acting Chief of Staff Mick Mulvaney, Senior Advisor for Digital Strategy Dan Scavino and Press Secretary/Communications Director Stephanie Grisham

EU President Donald Tusk: Domestic Politics Could Drive Britain Out of EU….


I must admit at first I was going to present this as a “Friday Funny“, because the statement is a nomination for this year’s Captain Obvious Award.

“Domestic politics could drive Britain out of the EU”…  Gee, ya think?

Well, duh.  Of course it’s those pesky British domestics, those vulgarian masses, that are driving Britain out of the EU.  It is stunning to see a person say that out loud as if there was some other mysterious force that could have created the Brexit referendum.

However, beyond the stupid humor of the comment, and believe me it had me in stitches for more than a few moments, Tusk’s outlook actually opens a window into the knuckleheaded collective mindset that exists within the EU:

“The main political problem with Brexit is the situation inside Britain … the emotions related to this show that we are all victims of Britain’s internal politics.” (link)

Perhaps it’s just because we are inherently American, that this outlook, this collective elitism as highlighted by Donald Tusk, just seems to personify everything wrong with their entire assembly.   The Tusks of the EU just cannot fathom a system of government where the people actually get to determine their own future.  It’s remarkable to watch and hear.

EU President Donald Tusk was never elected by people, he was appointed by a technocratic system filled with central-planning bureaucrats.   At the most basic of cognitive capabilities, the Tusks writ large cannot understand individual liberty, individual freedom, self-determination, etc.

Not only can they not comprehend it, the very fiber of their DNA has no connection to the concept of individualism.   The elitism within the modern EU is ridiculous.