Ep 3515a – Trump Floats The Idea Of Getting Rid Of Income Tax, In The End The People Win


Posted originally on Rumble By X 22 Report on: Dec 3, 2024 at 5:30 pm EST

Trump to Block Japanese Steel Deal and Place Tariffs on Chinese Steel


Posted originally on Dec 5, 2024 by Martin Armstrong

Steel

Nippon Steel, a Japanese company, has offered to buy US Steel for $14.9 billion, yet both President Joe Biden and president-elect Donald Trump strongly oppose the deal. Both men believe it is vital to keep the historic company domestic. But why has America’s steel industry become less competitive?

Demand for steel fell 0.4% YoY during the first half of 2024 to 50.9 million tons, with futures down 37% since the start of the year marking the lowest level since December 2022. Domestic demand is simply not there. The US accounts for about 4% of global demand while China accounts for an overwhelming 50%.

The majority of domestic demand is generated by government. The Infrastructure and Investment Jobs Act of 2021 provided $550 billion for steel-based initiatives which provided a boost to the industry. Still, the DEMAND is simply not there. China’s oversupply of steel has saturated the market and made the product far less valuable. China has less environmental and climate regulations and the government continues to provide large subsidies to support the measure. All of the carbon neutral measures are seriously hurting the industry, but China has not bought into the climate change agenda.

Exported steel from China doubled from 2020 to 2023 after reaching 94.5 million tons. Demand in China for 2023 was 911 million metric tons, marking a 50% increased from 2010. The machinery sector in China has been continuously rising, with its share of steel demand rising from 20% in 2010 to 30% in 2023.

Tariffs would make Chinese steel more expensive for American companies. That will not help to attract international investments in the industry. Then those costs will be passed on to all US industries relying on steel from automotives to construction. American manufacturing is at risk. It is believed that the tariffs Trump implemented on Chinese steel during his first term helped 1,000 steelworkers keep their jobs, but at the same time, manufacturing positions fell by 75,000. Yet another reason why we must look at the economy from macro standpoint as everything is connected.

Natalie Winters BLASTS Weak Senate Republicans In Fight Against Recess Appointments


Posted originally on Rumble By Bannons War Room on: Nov 11, 2024 at 8:00 pm EST

Julie Kelly: “We’re Not Gonna Let What Happened In Jack Smith’s Office Go Without Consequence”


Posted originally on Rumble By Bannons War Room on: Nov 11, 2024 at 8:00 pm EST

Erik Prince Breaks Down The Importance Of President Trump’s Potential Recess Appointments


Posted originally on Rumble By Bannons War Room on: Nov 11, 2024 at 8:00 pm EST

Erik Prince Gives A Preview Of His Upcoming Meeting With Senate Freshmen


Posted originally on Rumble By Bannons War Room on: Nov 11, 2024 at 7:30 pm EST

Bannon: “President Trump Is Trying To Institutionalize His Political Revolution”


Posted originally on Rumble By Bannons War Room on: Nov 11, 2024 at 7:30 pm EST

Mike Davis: “Senate Republicans Can’t Be In The Way Of Trump Like They Were In 2017”


Posted originally on Rumble By Bannons War Room on: Nov 11, 2024 at 7:30 pm EST

Navarro: Senate Republicans Must Promise Trump A Recess And Open Ballot For Speaker


Posted originally on Rumble By Bannons War Room on: Nov 11, 2024 at 7:30 pm EST

Strong Rumors: Rubio at State – Waltz as NatSec – Kash at CIA


Posted originally on the CTH on November 11, 2024 | Sundance

If the basic story unfolding in Mar-a-Lago is to be believed, RFK JR, Elon Musk and a small group of technocrats and billionaires have become the ‘kitchen cabinet’ advisors putting the Trump administration together.  Rumors swirl that Melania Trump, Devin Nunes and Dan Scavino have checked out of the ridiculous “non-clown-car” hot mess until the dust settles.

Adding evidence to this possibility, the media are starting to report on some rather, well, shall we say, curious picks from the Mar-a-Lago transition group.

Everyone else, except you guys, will miss what each of the New York Post “leaked” names have in common.  They are all in direct alignment with the retention of the Intelligence Community as it exists.  For the IC, this is the team that lets them hunker down until ’28.

♦ Rubio at State:

Rubio would be the IC pick because, well, he is Vice-Chair of the Senate Select Committee on Intelligence, and a direct installment due to his efforts to support the prior Trump targeting; which included the big assist to then Vice-Chair Mark Warner.   The IC has super thick black files on Rubio, they’d love to have him at State.  This rumor seems ridiculous.

Actually, this rumor seems like a leak trap.

♦ Waltz as National Security Advisor.

Putting aside all of his wife’s very direct and sketchy associations with the World Economic Forum, Representative Mike Waltz is currently a member of the House Permanent Select Committee on Intelligence, HPSCI.

Waltz supports U.S. troops in Ukraine, wants to continue the anti-Russia narrative, and has openly pushed every narrative the IC has presented to him in briefings.  Mike Waltz believes everything that comes from the Intelligence Community as gospel.

As National Security Advisor, Waltz would be awesome for the intents of the IC stakeholders.  You cannot see the IC corruption around you from a position inside the IC corruption.

♦ Kash at CIA.

This is the one part of the outline of leaks that gives me hope all of these rumors are nonsense.

Kash at CIA would be as valuable as Andrew Weissmann as White House counsel.  Patel has never managed anything, let alone an aggressive and massive global spy agency.  However, he does like the spotlight and would be able to invest in a lifestyle more befitting his opinion of himself.

Remember,…

♦ The U.S State Dept and CIA operation is like a restaurant. The Dept of State is the front of the restaurant, with the Secretary as the Maitre D’. The CIA is the back of the restaurant, the kitchen. The Director is the Chef.  The consulates are the wait staff. USAID are the food runners. The Dept of Defense are the bus boys.

The tables and chairs are assigned by the Maitre D’ according to their value.  Countries viewed as more important get the best tables.  The menus offered to each nation are completely different.  Israel has a table in the kitchen.  To get the best experience, tips (bribes) are required for everyone, from the parking valets outside, to the sommelier, to the server.   Currently, Ukraine is the biggest tipper.

On the oversight aspect the Senate Foreign Relations Committee is the control mechanism to approve/install the Secretary of State. The Senate Select Committee on Intelligence is the control mechanism to approve/install the CIA Director.  Everything therein and thereafter is a system of pretending it is something else.

If you think I didn’t previously say the IC would love to have Rubio, here’s a datapoint from July:

.

Remember also, everyone has a self-interest, including the billionaire Technocrats currently housed in Mar-a-Lago for the assembly of the cabinet.

The modern technocrats exist because the IC is their main benefactor.  Confronting the IC would be against the interests of the Technocrats.

These names and selections would be fatal flaws in a Trump administration from the position of confronting the IC apparatus.   Quite simply, with this assembly the IC cancer just goes dormant; the cancer appears to be in remission -everyone smiles- and then the cancer reemerges again in 2028 to kill the host.

Let’s wait and see if these names and positions actually happen.