Tag Archives: open borders

May 15 2024

US Implements High Tariffs on Chinese Goods


Posted originally on May 15, 2024 By Martin Armstrong 

Trade War 2

Worsening relations with China, the United States just hit China with a new wave of extremely high tariffs. Around $18 billion worth of Chinese goods will be affected, but the White House deems the tariffs necessary to help American industry.

Washington wants everyone to drive an electric vehicle, so long as it is not produced in China. The current 25% tariff on Chinese EVs will rise to 100%, utterly eliminating any EV trade with China. US Trade Representative Katherine Tai said that tariffs on lithium-ion batteries, essential for EVs, will triple in 2025 – the same time that Washington expects the masses to curtail their fossil fuel use.

Semiconductors, a long-debated product in short supply, will double from 25% to 50%. A recent report by McKinsey consultants shows that US companies are struggling to hire and retain staff in this delicate sector. The $52 billion in subsidies provided by Washington under the CHIPS Act has not made a meaningful impact. Still, they expect production in the US to grow simply because we are making it difficult for China to import their goods in a competitive landscape. They fail to consider the impact of shortages on the overall market.

Treasury Secretary Janet Yellen has praised the new round of tariffs, claiming that free trade with America’s top partner is bad for American businesses. “China’s overcapacity distorts global prices and production patterns and hurts American firms and workers, as well as firms and workers around the world,” Yellen misspoke. America does not operate on the mercantilism model; we are a consumer economy. All of these tariffs will cause prices to rise for the already struggling consumer.

Biden insists that consumers will see “no increases on costs” and repeatedly stated that these tariffs will not impact inflation. Do you recall the semiconductor shortage of lately when people could not purchase new phones without weeks or months of waiting, as one small example? Then they are pushing everyone to go electric while eliminating foreign competition. China WILL retaliate and mark up American goods, but worse, they will continue offloading their purchases of US Treasuries.

This is yet another example of disastrous fiscal policies that will invariably harm the American consumer and economy as a whole.

May 15 2024

Panama to Curb Migration Through the Darien Gap


Posted May 15, 2024 By Martin Armstrong 

Red Cross Panama

President-elect Jose Raul Mulino of Panama is taking on the migrant crisis as one of his first pieces of legislation. “Panama and our Darien [Gap] are not a transit route. It is our border,” Mulino said, referring to the notorious Darien Gap between Panama and Colombia that has become a favored travel route for migrants en route to America. The number of crossings multiplies each year, with an estimated 500,000 people passing through last year alone.

Mulino is reversing the policies of the previous government who aided migrants in their voyage to America. His new plan involves illegally deporting anyone found in Panama. “Because when we start to deport people here in an immediate deportation plan, the interest for sneaking through Panama will decrease,” Mulino said of the plan, according to Voice of America. “I assure you they are going to say that going through Panama is not attractive because they are deporting you.”

Some question whether Panama has the ability to conduct mass deportations. You have the Biden Administration openly flying migrants into America. Panama and other Southern American nations are paying the price for America’s open border policy. In all actuality, we cannot expect a foreign nation to secure our borders when leadership is openly inviting foreigners to come to America.

Panama has its own issues to focus on. The International Monetary Fund believes GDP will drastically slow from 7.3% in 2023 to 2.5% in 2024. Fitch downgraded Panama’s credit rating, stamping the nation with a junk status for “fiscal and governance challenges.” The Panama Canal’s capacity has been reduced due to droughts, and some regions are facing water shortages. The next president of the United Stated will see Panama’s efforts to curb migration as an olive branch or an obstacle, and any trade or aid will depend on November’s outcome.

May 15 2024

Joe Biden Announces Tariffs on Non-Existent Products from Non-Existent Origination Country – Here’s Why


Posted originally on the CTH on May 14, 2024 | Sundance

BlackRock investment firm writes the regulatory and economic policy for Joe Biden’s administration. That’s the quid-pro-quo that maintains the Biden political financial operation. All of DC know it. No one does not know. The one’s who claim they do not know about it are all pretending. Republicans take the background BlackRock bribes and pretend.

BlackRock positioned massive investment assets inside Chinese auto manufacturers, MG, BYD, and Chery. The three Chinese companies are in the process of moving North American auto manufacturing to Mexico, specifically to make EV’s. The Chinese EV’s made in Mexico will come into the U.S market tariff free under the USMCA trade agreement. China and BlackRock will make billions.

Today Joe Biden announced a series of tariffs against China in the EV industry. [SEE HERE] The Chinese EV’s are not being made in China. The tariff regime is a farce a total joke.

Biden might as well be announcing tariffs on Chinese swimming pools flown into the USA via hot air balloon.  There will be more Chinese swimming pools delivered from China than Chinese EV’s.  The Chinese EV’s come from Mexico.  The tariff is fake.

WHITE HOUSE […] To further encourage China to eliminate the acts, policies, and practices at issue, and to counteract the burden or restriction of these acts, policies, and practices, the Trade Representative shall modify the two actions to increase section 301 ad valorem rates of duty for the following products from China:

  • Battery parts (non-lithium-ion batteries):  Increase rate to 25 percent in 2024;
  • Electric vehicles:  Increase rate to 100 percent in 2024;
  • Lithium-ion electrical vehicle batteries:  Increase rate to 25 percent in 2024;
  • Lithium-ion non-electrical vehicle batteries:  Increase rate to 25 percent in 2026;
  • Natural graphite:  Increase rate to 25 percent in 2026;
  • Other critical minerals:  Increase rate to 25 percent in 2024; (read more)

.

None of this stuff is coming from China.  It is all coming from Mexico via transnational shipping and Chinese manufacturing in Mexico. [Check Date]

On the EV issue, this tariff approach is politically duplicitous by Biden against the backdrop of massive investment in Mexico by the three largest Chinese EV automakers. Last December the three Chinese auto manufacturers, MG, BYD, and Chery, announced they were going to spend billions building new EV manufacturing plants in Mexico.  Each Chinese auto manufacturer was going to spend between $1.5 to $2.0 billion.

Those Mexican built Chinese EV’s would pass into the USA market under current USMCA trade rules and regulations, as long as they technically meet the material origination rules.  This can make tariffs against the Chinese imported EVs a moot point, because China will be making them in Mexico (North American trade agreement).

One of the reasons President Trump said the U.S. auto industry would suffer a “bloodbath,” is specifically because the current Chinese auto companies are targeting these EV’s in the $10,000 or less range.  If you want to see what it looks like when cheap Chinese EV’s start to flood a consumer market, visit Russia – the western sanctions have only increased this flow.  I can see it clear as day.

China plans to pump out thousands of cheap, what I would consider semi-disposable, electric cars into the USA market. That’s why they have invested so heavily in Mexico.  Keep in mind, Blackrock (a Biden benefactor investment firm) is enmeshed with this Chinese move.

This tariff claim by the Biden administration on “import Chinese EV’s” is optics only for political benefit.  Whereas the 100% tariffs proposed by Donald Trump specifically target Chinese EV’s made in Mexico.

Stand back and elevate your thinking on this Chinese EV issue; the substance of it is a consequence of a much larger dynamic.  It is somewhat of a self-fulfilling prophecy.

There is a cleaving underway, a dedollarization that continues in global trade.  Nations are no longer relying (dependent) on dollars as the baseline for trade parity; they are determining their own nation to nation trade valuations outside the use of the dollar as a benchmark.

The result of this dedollarization taking place is massive inflation inside the USA that continues as the dollar (yellow zone) is weakened against the increasingly non-dollar-aligned world (grey zone).  The frequency of dollar use is lessening as alternatives are being used.

Trade into the yellow zone still requires a benchmark of dollars, but bilateral trade within the grey zone increasingly does not.  This is the root of the global financial and economic cleaving.  Mexico is not stupid.

China is trying to position their transportation sector (auto, planes, trains and mass transit manufacturing) as Apple manufacturing is to cell phone use.  Some of these disposable Chinese electric vehicles are actually impressive, which makes sense when you consider that China steals the engineering and design elements from knuckleheaded western corporations who use China for industrial manufacturing (see Tesla etc).

May 14 2024

Dr. Carol Swain Discusses The Chaos With Marxists And Sharia Supremacists On College Campuses


Posted originally on Rumble By Bannons War Room on: May 13, 2024 at 06:00 pm EST

May 14 2024

Ashley Biden’s Journal Confirmed to be Factual Yet Again


Posted originally on May 14, 2024 By Martin Armstrong 

Snopes.AshleyBidenDiary

The mainstream media continues to sweep this information under the rug, but if it were not (D)ifferent), this would be one of the biggest presidential scandals in modern history. Joe Biden’s daughter, Ashley Biden, left a diary a rehabilitation facility for sex-related trauma. The diary was shrouded in mystery and Biden’s PR team vehemently denied that the diary ever belonged to Ashley Biden. Snopes, a fact-checking website used by the left to promote propaganda, quietly revealed that the diary does indeed belong to Joe Biden’s daughter, Ashley.

“I will forever have to deal with the fact that my personal journal can be viewed online,” Ashley Biden wrote in a letter on April 8, 2024, to a New York judge who sentenced the woman who attempted to sell the diary to time behind bars. In the letter, Ashley claims she was a private citizen whose father just so happened to be running for president. Ashley also demanded that the judge sentence the woman who found the diary to the fullest extent of the law. “I worry that a non-incarceratory sentence will send a message- -to her and to others like her that it is okay to violate and exploit others for your own personal gain, regardless of the humiliation and pain it causes,” Biden’s daughter asked the judge.

AshleyBidenDiary

An excerpt from the diary stating that Joe Biden inappropriately showered with his young daughter:

"But I have always been boy crazy. I remember pulling up my skirt in 2nd grade and showing the boys my underpants. Hypersexualized @ a young age. What is this due to? Was I molested. I think so - I can't remember specifics but I do remember trauma - I remember not liking the Woolzacks house, I remember somewhat being sexualized with Caroline; I remember having sex with friends @ a young age; showers with my dad (probably not appropriate); Being turned on when I wasn't supposed to be.”

The public was banned from having access to this information, and therefore Joe’s true character, ahead of the last election. Similar to the Hunter Biden laptop scandal, the FBI and all three-letter agencies confiscated and destroyed all evidence prior to the election. The MSM regurgitated lies that both the diary and the laptop were FAKE NEWS to protect Joe Biden’s image.

They would hold a public execution for Donald Trump if this information were revealed about his daughter. Clearly, this nation operates on a two-tiered justice system. It is extremely disturbing that the intelligence agencies collaborated to hide this information from voters. Then internet search engines and social media platforms were also eager to bury this information in order to sway public perception. The Department of Justice has become a branch of the Democrat’s personal Gestapo or Stasi.

One must understand how deeply embedded Joe Biden is in the establishment – Joe Biden is the embodiment and puppet of the entire establishment who holds the most powerful front-facing office in the world. The establishment needs Joe Biden to win and will go to any lengths to ensure that he sees a victory. We no longer have the right to vote for our elected leaders in fair elections and this nation no longer represents the ideals that it was founded on.

May 14 2024

Germany Considers Conscription for Men and Women Over 18


Posted originally on May 14, 2024 By Martin Armstrong

Germany is considering forcing the youngest adults in their population to die in the name of a proxy war that in no way affected Germany, the German people or their way of life. Former President Donald Trump warned Germany that it had become too reliant on Russian energy and they mocked him. Sadly, German leadership had known all along that the ultimate goal was to use Ukraine as their gateway to attack Russia. As I’ve stated countless times, Merkel openly admitted that the Minsk Agreement was merely a ploy to weaken Russia’s defenses and buy time for Ukraine to build its military. Russia has not backed down and now the proxy war is becoming a global conflict.

Everyone criticized Trump for condemning his NATO allies in 2018. At the time, only five nations were meeting their 2% GDP spending requirement on NATO defense, with the US paying around 5%. Trump suggested that everyone contribute 4% to build a stronger alliance. He never wanted to back away from NATO to support Putin; rather, he wanted to back away from NATO because he felt the US had been taken advantage of by its European allies. Trump even threatened to remove the US from the NATO alliance because he simply did not see the benefits to domestic interests.

Trump called Ukraine the wall between Russia and Europe and stated that America had become the “sucker country” by shelling out millions to Ukraine when they received far less in return. He warned Europe that their reliance on Russian imported energy would spell disaster and went as far as declaring that Germany was “totally controlled by Russia.” Instead of looking for energy alternatives, Germany went through with the Nord Stream 2 Pipeline and wasted billions as sanctions were implemented before the pipeline was fully functional.

This is yet another reason why they are fearful of a Trump re-election, for he has vowed to remove America from these senseless wars as part of his first plan of action. The globalists and neocons simply cannot allow that to happen.

Minsk Agreement Head of State

Perhaps Germany believed they could rely on an alternative supplier for energy. Perhaps they believed Ukraine would have made at least a dent in Russia’s military power. Instead, they are prepared to send their own kids to die for this senseless war. German Defense Minister Boris Pistorius said he is “convinced” that Germany “needs a form of military conscription.”

Since the West has effectively eliminated genders or the need for a family structure, they plan to draft both men and women. Anyone fit to fight will be sent off to die. Pistorius believes Germany needs 200,000 troops to begin training immediately.

Merkel_Minsk_Buy_Time_to Prepare for wart

The centre-right Christian Democrats (CDU) are no longer opposing conscription and now support the “reintroduction of conscription in a step-by-step process,” much to the support of Pistorius. All those virtue signaling with Ukraine flags and cheering each aid package must now acknowledge that their own youth will be sent off to war, and many will never return home. They cheer the “good” guys winning these battles abroad in Taiwan, Ukraine, and Israel, but fail to understand that there is no “good” guy in the game of war. The people are merely chess pieces to be used as pawns by their governments.

The worst part about all of this is that Germany KNEW they were going to fight Russia. Ten years ago, Germany knew they were going to fight Russia. I discuss this in detail in my book, “The Plot to Seize Russia.” The fact of the matter is that the West could not simply enter Russia without giving the public a reason for warfare and creating countless fake flags, demonizing its opponent through propaganda, and attempting to weaken its military through a proxy war. We are now embarking on the beginning of the third world war thanks to the manipulation of the elites in power who have absolutely no regard for human life.

May 13 2024

Ep 3350a – Trump Embraces The Crypto/Blockchain In The US, So It Begins


Posted originally on Rumble By X 22 Report on: May 9, 2024 at 5:03 pm EST

May 13 2024

China Dethroned as Germany’s Largest Trading Partner


Posted origially on May 13, 2024 By Martin Armstrong 

GermanFlag

The United States has surpassed China to become Germany’s largest trading partner. Trade between the US and Germany came in at $68 billion (63 billion euros) during Q1, compared to about 60 billion euros between China and Germany.

If we look at these figures, they pale in comparison to the aid packages we are sending foreign nations. It is appropriate to put these numbers into perspective to understand the true economic unruliness of these proxy wars.

Now, the United States has not become more competitive, and there is a known lag in manufacturing. Biden promised to add an additional one million manufacturing jobs to the US but has failed to attract new business. The issue here is that Germany has stated they would like to reduce their reliance on Chinese goods, as does America. Concurrently, Chinese manufacturing has strengthened to where they do not need to export as many goods from Germany.

China US Trade

The IFO, a German economic research institute, found that only 37% of companies stated they were dependent on China in February 2024 compared to 46% in the year prior. The research center noted that the outbreak of Russia’s war with Ukraine was the catalyst for the West decreasing trade with China. “The proportion of German companies that rely on important inputs or goods from China has declined in both industry and trade and is now just under 40% in each case,” the study states.

It is undeniable that Chinese goods come at a lower cost to the consumer. However, smart business does not conduct trade with an adversary, and the West was the first to label China due to its ties to Russia and the West’s desire to dismantle the One China policy with Taiwan. China is also hesitant to conduct business in the West, as they have seen numerous businesses sanctioned or dismantled. People are praising the US and Germany for reducing trade with China, one of the bad guys. They do not realize that this will lead to a higher cost of goods for everyone.

May 13 2024

Over Half of New IRS Audits Targeted the Middle Class


Posted May 13, 2024 By Martin Armstrong 

Washington’s reckless spending comes with a cost to US taxpayers. While the fed may simply roll over their debt and issue new debt to pay off the old, the American public is on the hook for immediate liquidity every single year via taxation. The misconception that Biden would only target the wealthy needs to be dispelled as a recent study reveals that 63% of new audits targeted Americans earning under $200,000.

Now, Biden initially claimed he would send his troop of IRS agents to target Americans earning double that amount. The billionaire class was not targeted, as 80% of all audits were on filers earning under $1 million. Yes, there are far more taxpayers in the middle and lower brackets. However, the IRS merely claimed they would prioritize hunting higher earners; they never explicitly said they wouldn’t come after ALL Americans.

The entire hunt for taxation has been a war on the middle class, who is unable to file massive write-offs and cannot afford to continue paying Uncle Sam on every incoming and outgoing transaction, plus savings, income, and everything else from birth to death. Washington effectively lowered our purchasing power by fueling inflation through absurd fiscal and social policies, and now they are asking people to give them even more of whatever money that remains. Washington continues to spend taxpayer funds on initiatives that the people have never once voted on, and ahead of election season, Biden is going on yet another spending spree with your money to buy off voters.

InflationReductionAct.meme_

The highest earners know how to avoid taxes. Trump famously told Hillary during a debate prior to the 2016 US Presidential Election that he obviously used the loopholes in the tax system, as do all financially savvy businessmen. “Her donors took massive tax write offs… and other things that Hillary as a Senator allowed,” Trump stated during the debate. “So do Warren Buffett, so does George Soros, and so do other people Hillary is supported by,” he added. Note that the Democrats in control have never repealed restrictions on these tax loopholes that only help their wealthy donors.

Every new war, aid package, climate change package, social program, and migrant who crosses the border is now the responsibility of the US taxpayer. They wrongly believe that our money belongs to the federal government, with the state also taking out their share. Then, they create new taxes, such as targeting capital gains, to ensure that every American is stretched thin. Did anyone vote for this nonsense? We do not live in a Democracy and anyone who says otherwise is either misinformed or lying.

It will become far easier for governments to extort the people when they introduce CBDC in January 2025. Uncle Sam will think you have hidden any cash on hand from him, cash that belongs to him, once they force us to digitize our dollars. Inflation will continue to rise above GDP and we will enter a period of stagflation. This is why I have warned countless times that private and tangible assets are a safer bet compared to cash as we move into 2028.

May 12 2024

Ep 3351a – Trump Was Right Tariffs Work, Biden Fakes It, Gold & Crypto Adoption Is Spreading


Posted originally on Rumble By X 22 Report on: May 11, 2024 at 12:51 pm EST