Italian Prime Minister Giuseppe Conte Resigns After Pressure from Nationalist Matteo Salvini…


Italy is one of the key economies within the EU. In the past several years, driven by both economic challenges and unfettered immigration challenges, the populist revolt has gained ground. Interior Minister Matteo Salvini, a nationalist-minded politician, has won the hearts of Italian voters.  Matteo Salvini is a proud Italian populist.

Several months ago Matteo Salvini challenged current Prime Minister Giuseppe Conte to hold a snap election; and followed-up with continued pressure on the Italian government by advancing populist positions of economic patriotism, sovereignty and tougher immigration rules.

Amid a revolt against globalism writ large, it was not accidental that Nancy Pelosi traveled to Italy recently with a coalition of U.S. leftist politicians to organize a strategy to fend-off Salvini and assist Prime Minister Conte. Pelosi is an opportunist. Part of the plan for Conte to hold power was a shift within his party (Five Star Movement or 5sM) to form an alliance with the Italian left-wing Democratic Party (Pelosi’s ideological allies).

To pull off their plan, Conte and the Democratic Party would align; Conte would then resign and hold the snap election where 5sM and the far-left Democratic party would re-elect him. This approach would strategically counter the 36 percent of support currently held by Matteo Salvini (the League). Today Giuseppe Conte resigned.

(Wall Street Journal) […] Prime Minister Giuseppe Conte announced his resignation in a speech to the Senate on Tuesday, blaming far-right Interior Minister Matteo Salvini for causing a political crisis as Italy looks to draw up a challenging budget to keep its parlous finances on track.

[…] Leaders of 5 Star are exploring the only plausible alternative to snap elections the League would likely win: a new coalition government with their longstanding foes, the mainstream center-left Democratic Party. Talks in coming days could show whether such a coalition is possible or early elections are needed.

Italy’s power struggle is a symptom of Europe’s continuing political upheaval after a decade of crises including the economic depression in the periphery of the eurozone and the pressures of rising immigration from poor and war-torn parts of Africa and the Middle East.

[…] The political upheaval has gone further in Italy than in most other EU countries. In March 2018 elections, Italy’s mainstream parties suffered a heavy defeat. In a country tired of economic stagnation and ineffectual political incumbents, one in three Italians backed 5 Star, while the League won 17% of the vote. Since then, however, 5 Star has struggled in government and its support has halved, while Mr. Salvini’s tough stance on immigration has helped double support for the League.

If Italy holds early elections, Mr. Salvini could become the first leader of a major EU nation who comes from a self-described populist party to the right of Europe’s mainstream conservatives. Mr. Salvini, an avowed admirer of Russian President Vladimir Putin, has challenged the EU’s rules on fiscal discipline, accusing Germany and France of hypocritically breaking the rules while imposing austerity on Italy. Some League officials have advocated Italy’s exit from the euro, although Mr. Salvini says it isn’t on his agenda. (read more)

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In the background of all of this we have: (1) Italy’s involvement in “spygate” and the U.S. intelligence operations in/around Joseph Mifsud (Malta).  (2) The pending Brexit at the end of October, a threat to Pelosi’s ideological group.  (3) The possible defeat of Canadian Prime Minister Justin Trudeau, another threat to Pelosi’s ideological group; and (4) the economics of Trump’s trade strategy, more threats to Pelosi’s scheme team.

Speaker Nancy Pelosi is traveling the world in an attempt to block rising nationalism, and the consequences of economic trade deals therein, wherever possible.  Her domestic political interests in the 2020 election are predicated on stopping the deglobalization process underway by President Trump.

The Rising Tensions: Kashmir – Hong Kong – Korea


The War Cycle is by far on schedule. We have tensions rising almost everywhere. In Asia, we have the Kashmir Crisis as hundreds of people took the streets in Srinagar, the main Indian city, to protest New Delhi’s decision to lift the special status of the territory.

In Hong Kong, there are fears that China will send in troops and take military action, which would trigger an international crisis as fear in Asia as a whole will rise sharply over the future of economic stability. This could send the yuan crashing and even force the break of the Hong Kong peg. The Hong Kong share market peaked in January 2018. It has not made new highs in 2019 and remains at risk of breaking the 2018 low of 24540.43. That gives way and capital is showing its concern for the future of Hong Kong.

In South Korea, the high in the share market remains that of November 2017. We are trading below the 2017 low. A closing at year-end below that warns of lower lows into 2020. Here, the concern is the economic pressure on North Korea. North Korea holds a Tree Planting Day every March. The question is whether it could help regreen a largely deforested nation whose people face food shortages, deadly natural disasters, and bitterly cold winters. These economic pressures will eventually push the Supreme Leader into perhaps an attack on South Korea or face an overthrow himself.

We have a serious crisis building in Asia on three fronts. Then there is the chaos of Europe. The Democrats are complete idiots for claiming if Britain exits the EU, they will block any trade deal to punish Britain in support of Brussels. Instead of helping to solve the crisis, they are encouraging the EU not to renegotiate. The Democrats are basically saying — screw the Irish.

Right now, I am working from Asia in the middle of a real crisis with a front-row seat.

 

Australian Conservatives Win by Thin Margin


Australia’s center-right government won a surprise victory over the left. Voters backed the center-right government in a slowing economy for another three years and rejecting the opposition’s progressive agenda which has been really pretty out there at times. Despite trailing in most opinion polls for years, Scott Morrison’s Liberal-National coalition won attacking Labor’s pledge to take tougher action on climate change and strip tax perks from wealthy Australians. Many are calling Labour’s loss for its leader Bill Shorten, the shock of all time up there with the loss of Hillary Clinton because the polls just got it wrong again.

Conservatives Celebrate Stunning Win in Australian Elections…


The Australian election was held today; voting is compulsory as everyone over the age 18 is required to vote; turnout was greater than 95%…  and all the media and pollsters are stunned, shocked, jaws-agape, as the conservative coalition has received a stunning, unexpected, unanticipated victory.

Australian Prime Minister Scott Morrison has won the election.  Yes Alice, 2019 media in Australia look identical to media in the U.S. circa November 2016.

The economy, immigration and push-back against the insufferable climate-change nonsense appear to be the top issues that led to Morrison’s surprising win.  None of the pollsters or media saw it coming.  The BBC are stunned:

BBC – […] The final result of the election may not be known for some hours, but with more than 70% of votes counted the [Conservative] Coalition has won, or is ahead in, 74 seats in its quest for a 76-seat majority, with Labor on just 66 seats.

[…] Try finding someone who says they saw this result coming.

For well over two years, the coalition has trailed behind Labor in the opinion polls, and the assumption had been it would be Labor’s turn to govern.

But somehow Scott Morrison managed to turn things around at the 11th hour – and he did it largely on his own.

With some of his cabinet colleagues considered too toxic to appear in public on the campaign trail, ScoMo made this election about him, and his ability to be the trustworthy, daggy-dad Australia needed.  (read more)

Labor leader Bill Shorten , who has led Labor since it lost office in 2013, conceded defeat and congratulated Morrison.  Shorten’s losing moonbat platform was centered on creating a “fairer society”, similar to the social justice movement in the far-left U.S. Democrat party.

The labor movement planned to increase taxes on the wealthy and bring social justice demands to central government.  Their agenda was counting on strong support from college-aged students and climate change activists.  However, the majority of Australians saw the predictable economic damage that was certain from the proposals to raise taxes and institute the Australian version of the Green New Deal.

Australian left-wing media is going bananas….

The progressive movement is crying in the streets.

NEC Director Larry Kudlow Discusses Exceptional Jobs Report…


National Economic Council Director Larry Kudlow appears on Fox Business to discuss the most excellent April jobs report and the continued forecast for U.S. economic growth.

Director Kudlow points out the greatest current economic benefits are being felt in the blue-collar Main Street sector; and rebuts former Vice President Joe Biden’s comments on the administration policy.

Adv

Do Border Walls Work?


COMMENT: Skeptics who believe a border wall will not stop illegals from entering the United States may want to look at what’s happening in Hungary.

On the day its border fence was completed, the influx of illegals entering Hungary went down from 6,353 per day to 870 the next day. For the remainder of that month, illegal border crossings were steadily below 40 per day, officials said.

“They don’t even try,” a local border guard told The Daily Caller News Foundation. “We haven’t had a single Muslim migrant in six months.” Prime Minister Viktor Orban’s pledge to stop illegals from flowing into the country appears to be a spectacular success.
Hungary’s 96-mile long, 14-foot-tall, double-line fence includes several layers of razor-wire capable of delivering electric shocks. The barrier features cameras, heat sensors, and loudspeakers ready to tell migrants they’re about to break Hungarian law if they as much as touch the fence, the DC report said.

Nearly every police officer in Hungary is part of a rotation to monitor the border fence at all times. Temporary military bases house the police while they do their rotation. Additionally, Hungary will train and pay more than 1,000 volunteers to deploy as “border hunters”.

Illegals who are caught are arrested and dropped off on the Serbian side of the fence. They don’t get a chance to apply for asylum unless they do so at a “transit zone” where they are held in housing containers while their cases get processed, the report said.

In September 2016, thousands of migrants streamed across the border every day as they made their way north to Austria, Germany, and Scandinavia. “It was an invasion,” Laszlo Toroczkai, the mayor of Asotthalom, told the Daily Caller. “Illegal immigration is a crime in a normal country. It’s not a normal thing to break into a country.”

“By mid-year, it was well beyond 100,000 people who came across”, said Zoltan Kovacs, a spokesman for the Hungarian government. “You should at least have the ability to handle what’s going on.” Kovacs added, “You might not like it, it’s not a nice thing, but… the only way to stop illegal border crossings is first building a fence, man it, equip it, and also, in parallel, build up your capabilities in terms of legal confines, legal circumstances to be able to handle what is coming.”

It’s no surprise the mainstream U.S. media refuses to report this story to the American public Can you imagine how support for a Southern border wall would spike?

REPLY: The people who claim Trump’s wall will not work just listen to the propaganda to defeat Trump. The entire objective is to be able to say he failed in 2020. He made a campaign promise to build the wall, and for that reason the Democrats must defeat the wall regardless of the truth. Romans built a wall between England and Scotland to prevent the Scots from raiding Roman settlements. The world’s earliest known civilization was also one of the first to build a defensive wall during the 21st century BC. The ancient Sumerian rulers constructed a massive fortified barrier to keep out the Amorites, who were a group of nomadic tribesmen who were pillaging their settlements.

The “Great Wall of Gorgon” was a 121-mile rampart that extended from the southern coast of the Caspian Sea to the Elburz Mountains in what is now Iran. It is often called the Great Wall of Alexander the Great or “Alexander’s Barrier” that prevented the barbarians from invading from the north. It was most likely constructed by the Sasanian Persians sometime around the 5th century AD, and remains one of the longest walls of antiquity.

Of course, there is China’s legendary Great Wall which stretches from the Gobi Desert to the North Korean border. It was constructed on the fortifications that began during in the 3rd century BC, and it was intended to keep the Mongols out. The completed wall was once the largest manmade object in the world. The Mongol leader Altan Khan bypassed the wall and raided Beijing in 1550.

Naturally, we should not forget the Berlin Wall, modern history’s most infamous wall, which was erected in 1961 to keep people in rather than out. More than 100 people were eventually killed while trying to escape through the maze of 12-foot walls, guard towers, and electrified fences. It stood for almost 29 years before East German authorities finally opened it on November 9th, 1989.

There are many examples of walls throughout history and the world.

The British Press


Armstrong Economics Blog/Opinion

Germany’s Most Beautiful Policewoman Told to Be a Cop or a Model


One of the clear cultural differences between Europe and the United States is that they even have the “hottest” female police officer – Adrienne Koleszar. That is something they just would not do in the United States. We hold Senate hearings because Janet Jackson’s breast popped out on TV at the Super Bowl. It is interesting that from the outside looking in, America is viewed as being prudish, to put it mildly.  Yet Adrienne’s boss told her she had to choose between being a cop or a model.

I appeared in Dresden but the police who were there to keep the crowds in line certainly did not look like her. The people were very warm and they even handed me a bouquet of flowers at the end of my presentation. Never had that in any other city I have ever made a presentation.

Merkel Says Goodbye as Leader of CDU


Merkel said goodbye at the CDU meeting today. She intends to remain as Chancellor until 2021. However, the victor will be positioned to succeed Merkel as chancellor and influence whether she stays or bows out before her term ends in 2021. Although Merkel is widely known for her caution and changing positions with her internal poll team, she has been a shrewd disrupter of the German party system and has moved the CDU to the middle of the political spectrum. Her downfall has been her opening up Europe to all the pretend “refugees” that poured in from everywhere but Syria. The rushed into Europe for the welfare system with no requirement for skills or language. About 70% were just young males, not families with children as the press only photographed. That single decision has been the most destructive for the European project.

The frontrunners in this election today are Annegret Kramp-Karrenbauer, who is a Merkel protege and is seen as the continuity candidate who will change nothing, so the CDU would change the face but nothing else. Then there is Friedrich Merz, who has been a Merkel rival questioning the constitutional guarantee of asylum to all “politically persecuted” and believes Germany, Europe’s biggest economy, should contribute more to the European Union. These are very stake differences in policy but this is NOT a public election but politicians who decide. Party leadership is typically the springboard to the chancellorship so this is really a critical decision for the CDU

Nigel Farage v Juncker