Treasury Secretary Steven Mnuchin Interview With Maria Bartiromo…


Maria Bartiromo interviews Treasury Secretary Mnuchin to discuss Gary Cohn’s departure from President Trump’s National Economic Council (NEC).  {Deep Dive Here}  Secretary Mnuchin talks about the larger MAGAnomic objectives, and the transition of the administration into ‘policy phase-2’ with all attention now focused on Main Street.

Great Interview:

.

♦Economic Patriotism – ‘America First’:
√ Unleash energy development. Drive down energy costs. Lower cost-of-living.
√ Eliminate regulatory stranglehold. Unleash free market entrepreneurial expansion.
√ Lower corporate tax burden. Position business investment ‘best bet’ domestically.
√ Generate investment expansion. Create: jobs, jobs, jobs.
√ Generate higher labor demand. Jobs, Jobs, Jobs = Higher wages, wages, wages.
√ Lower middle-class tax burden. Combine higher wages with lower taxes. 2x benefits.
==> WE ARE HERE <==
• Structure trade deals to benefit workers/companies inside the U.S.
• Leverage access to U.S. market as incitement for domestic investment.
• Economic Growth + Domestic Manufacturing Expansion =  GDP increases.
• Increased overall tax revenues from expanding economy stabilizes debt and entitlements.

2018 Media Study: First Two Months 91% Network Media Trump Coverage Negative…


MRC News has just released a study of ABC, CBS and NBC broadcast news coverage for the first two months of 2018.  The results are almost identical to the results from 2017, and highlight the extreme media bias against a republican president.

(Via NewsBusters) So far, 2018 looks an awful lot like 2017 — at least when it comes to the broadcast networks’ hostile approach to Donald Trump. A Media Research Center analysis of the ABC, CBS and NBC evening newscasts in January and February found ten times more negative comments about the President than positive statements, and found the ongoing Russia investigation once again swamped all other topics.

For this study, MRC analysts looked at all 505 evening news stories that mentioned President Trump or his administration in January and February. Out of 851 total minutes of airtime devoted to the administration, the networks spent almost one-fourth of it (204 minutes, or 24%) on the Russia investigation, eclipsing other major topics such as the economy, immigration reform, and even the gun debate. (read more)

South Korea Claims DPRK Willing to Enter Denuclearization Talks With the U.S….


Very cautious optimism because Red Dragon has history of using the Panda Mask to cloud intents as a strategy.   North Korea is a proxy state to their enabler, China.  DPRK Kim Jong-un is little stompy-feet panda to the big panda/red dragon, Chairman Xi Jinping.

The one constant in an ever-changing universe is the gravity of China; it only goes one-way.  China allows and directs what is in China’s best interests.  Period.

Chinese Chairman-for-life Xi Jinping (all he represents) view smiling panda economics as modern intercontinental nuclear weapons.

Chairman Xi and President Trump have been deep inside a geopolitical smiling contest for over a year.  Xi and Trump are playing grandmaster level geopolitical economics.  Their most consequential moves are well beyond the horizon; far away from the gaze of the crowd; the media is oblivious to them.

•Japan (Shinzo Abe) has stated they have “great confidence” in President Trump’s Asian national security approach. •South Korea (President Moon Jae-in) stated they are “confident there will not be war again on the Korean peninsula“; •and they are willing to send a special envoy to North Korea to begin talks. •In addition, China quietly removed the 71-year-old veteran diplomat, Wu Dawei, from the position of negotiator toward the DPRK, and replaced him with 58-year-old Kong Xuanyou. Kong is a long time Chinese diplomat in charge of Asian affairs and he speaks Korean.

All of this was generally under-reported and took place months before President Trump arrived in Asia last year.  The U.S. media was busy pushing racism and Charlottesville narratives.  More importantly this quiet activity took place while President Trump directed US Trade Rep Robert Lighthizer to begin a section 301 trade investigation (Intellectual Property theft) into China.

President Trump was ramping up the economic pressure on Chinese President Xi Jinping; but more specifically Lighthizer’s action was targeting Beijing’s command and control economy along with the behavior of North Korea.

China -vs- U.S. moves have been taking place in Europe, Russia, Afghanistan, Pakistan, Cuba, Venezuela, India, Libya as well as Mexico, Canada and ASEAN nations.  When dragon puts a footprint in Mexico, eagle puts a footprint in Vietnam.   When eagle puts a print in India, dragon puts a print in Pakistan…. this has been going on for well over a year, well beyond the media horizon, and almost no-one’s paying attention.

Trump plays Arabella to the Panda mask, knowing the cultural dynamic means dragon cannot, and will not, show face.   Similarly dragon plays magnanimous panda to Eagle knowing only retracted claws can stroke panda fur.  ….And so it goes, and so it has been going…

Recently, Eagle-One raises economic stakes with Steel and Aluminum (global) tariff; simultaneous to NAFTA exit…. Red Dragon would suffer {{Check}} Red Dragon plays little Kim-happy-panda maneuver to Eagle-One…. Eagle could benefit {{Check}}

Or, another way:

Mr. Panda (Xi) asks how much is DPRK denuclearization worth to you Mr. Eagle (Trump)?

Is it worth re-upping NAFTA, keeping our back-door access in place, and minimizing Steel/Aluminum tariffs?

This is how the game is played with China.  Red Dragon does not negotiate on common terms.  If it is not in China’s interests, it is not done.  Period.  If you want to get rid of DPRK nuclear weapons, there must be a wonderful economic Panda benefit.

New York – North Korean leader Kim Jong Un has expressed a willingness to begin nuclear disarmament talks with the US — and halt nuclear and missile tests during negotiations, a South Korean official said Tuesday.

Kim also agreed to meet South Korean President Moon Jae-in for a late April summit in the border village of Panmunjom, South Korean national security chief Chung Eui Yong said after discussions in Pyongyang.

“North Korea made clear its willingness to denuclearize the Korean peninsula and the fact there is no reason for it to have a nuclear program if military threats against the North are resolved and its regime is secure,” Chung said.

According to Chung, Kim agreed not to carry out nuclear or missile tests while talks with the international community were under way. The rogue regime has not carried out any such tests since November. (read more)

Here’s what  I can guarantee you.  The solution to DPRK nuclear weapons will not be in the vicinity of DPRK nuclear weapons.  The deal to denuclearize the Korean peninsular will be made from something far away from North Korea in a place of great value to China where President Trump has leverage and control.

This I can guarantee.

The question is: how effectively can Chairman Xi Jinping position the valuation of their economic target to make President Donald Trump view the deal as worth accepting to get rid of DPRK nukes?…..  Simultaneously, how much hurt is Trump willing to position, in order to have China accept less-than-optimal economic outcomes as the best alternative?

[…]  “Here in Seoul, architectural wonders like the Sixty-Three Building and the Lotte World Tower — very beautiful — grace the sky and house the workers of many growing industries.

Your citizens now help to feed the hungry, fight terrorism, and solve problems all over the world. And in a few months, you will host the world and you will do a magnificent job at the 23rd Olympic Winter Games. Good luck. (Applause.)

The Korean miracle extends exactly as far as the armies of free nations advanced in 1953 — 24 miles to the north. There, it stops; it all comes to an end. Dead stop. The flourishing ends, and the prison state of North Korea sadly begins.

Workers in North Korea labor grueling hours in unbearable conditions for almost no pay. Recently, the entire working population was ordered to work for 70 days straight, or else pay for a day of rest.

Families live in homes without plumbing, and fewer than half have electricity. Parents bribe teachers in hopes of saving their sons and daughters from forced labor. More than a million North Koreans died of famine in the 1990s, and more continue to die of hunger today.

Among children under the age of five, nearly 30 percent of afflicted — and are afflicted by stunted growth due to malnutrition. And yet, in 2012 and 2013, the regime spent an estimated $200 million — or almost half the money that it allocated to improve living standards for its people — to instead build even more monuments, towers, and statues to glorify its dictators.

What remains of the meager harvest of the North Korean economy is distributed according to perceived loyalty to a twisted regime. Far from valuing its people as equal citizens, this cruel dictatorship measures them, scores them, and ranks them based on the most arbitrary indications of their allegiance to the state.

Those who score the highest in loyalty may live in the capital city. Those who score the lowest starve. A small infraction by one citizen, such as accidently staining a picture of the tyrant printed in a discarded newspaper, can wreck the social credit rank of his entire family for many decades.

An estimated 100,000 North Koreans suffer in gulags, toiling in forced labor, and enduring torture, starvation, rape, and murder on a constant basis.

In one known instance, a 9-year-old boy was imprisoned for 10 years because his grandfather was accused of treason. In another, a student was beaten in school for forgetting a single detail about the life of Kim Jong-un.

Soldiers have kidnapped foreigners and forced them to work as language tutors for North Korean spies.

In the part of Korea that was a stronghold for Christianity before the war, Christians and other people of faith who are found praying or holding a religious book of any kind are now detained, tortured, and in many cases, even executed.

North Korean women are forced to abort babies that are considered ethnically inferior. And if these babies are born, the newborns are murdered.

One womans baby born to a Chinese father was taken away in a bucket. The guards said it did not deserve to live because it was impure.

So why would China feel an obligation to help North Korea?

The horror of life in North Korea is so complete that citizens pay bribes to government officials to have themselves exported aboard as slaves. They would rather be slaves than live in North Korea.

To attempt to flee is a crime punishable by death. One person who escaped remarked, “When I think about it now, I was not a human being. I was more like an animal. Only after leaving North Korea did I realize what life was supposed to be.”

And so, on this peninsula, we have watched the results of a tragic experiment in a laboratory of history. It is a tale of one people, but two Koreas. One Korea in which the people took control of their lives and their country, and chose a future of freedom and justice, of civilization, and incredible achievement. And another Korea in which leaders imprison their people under the banner of tyranny, fascism, and oppression. The result of this experiment are in, and they are totally conclusive.

When the Korean War began in 1950, the two Koreas were approximately equal in GDP per capita. But by the 1990s, South Koreas wealth had surpassed North Korea’s by more than 10 times. And today, the Souths economy is over 40 times larger. You started the same a short while ago, and now you’re 40 times larger. You’re doing something right.

Considering the misery wrought by the North Korean dictatorship, it is no surprise that it has been forced to take increasingly desperate measures to prevent its people from understanding this brutal contrast.

Because the regime fears the truth above all else, it forbids virtually all contact with the outside world. Not just my speech today, but even the most commonplace facts of South Korean life are forbidden knowledge to the North Korean people. Western and South Korean music is banned. Possession of foreign media is a crime punishable by death. Citizens spy on fellow citizens, their homes are subject to search at any time, and their every action is subject to surveillance. In place of a vibrant society, the people of North Korea are bombarded by state propaganda practically every waking hour of the day.

North Korea is a country ruled as a cult. At the center of this military cult is a deranged belief in the leaders destiny to rule as parent protector over a conquered Korean Peninsula and an enslaved Korean people.

The more successful South Korea becomes, the more decisively you discredit the dark fantasy at the heart of the Kim regime.

In this way, the very existence of a thriving South Korean republic threatens the very survival of the North Korean dictatorship.

This city and this assembly are living proof that a free and independent Korea not only can, but does stand strong, sovereign, and proud among the nations of the world. (Applause.)

Here, the strength of the nation does not come from the false glory of a tyrant. It comes from the true and powerful glory of a strong and great people — the people of the Republic of Korea — a Korean people who are free to live, to flourish, to worship, to love, to build, and to grow their own destiny.

In this Republic, the people have done what no dictator ever could — you took, with the help of the United States, responsibility for yourselves and ownership of your future. You had a dream — a Korean dream — and you built that dream into a great reality.

In so doing, you performed the miracle on the Hahn that we see all around us, from the stunning skyline of Seoul to the plains and peaks of this beautiful landscape. You have done it freely, you have done it happily, and you have done it in your own very beautiful way.

This reality — this wonderful place — your success is the greatest cause of anxiety, alarm, and even panic to the North Korean regime. That is why the Kim regime seeks conflict abroad — to distract from total failure that they suffer at home.

Since the so-called armistice, there have been hundreds of North Korean attacks on Americans and South Koreans. These attacks have included the capture and torture of the brave American soldiers of the USS Pueblo, repeated assaults on American helicopters, and the 1969 drowning [downing] of a U.S. surveillance plane that killed 31 American servicemen. The regime has made numerous lethal incursions in South Korea, attempted to assassinate senior leaders, attacked South Korean ships, and tortured Otto Warmbier, ultimately leading to that fine young man’s death.

All the while, the regime has pursued nuclear weapons with the deluded hope that it could blackmail its way to the ultimate objective. And that objective we are not going to let it have. We are not going to let it have. All of Korea is under that spell, divided in half. South Korea will never allow what’s going on in North Korea to continue to happen.

The North Korean regime has pursued its nuclear and ballistic missile programs in defiance of every assurance, agreement, and commitment it has made to the United States and its allies. It’s broken all of those commitments. After promising to freeze its plutonium program in 1994, it repeated [reaped] the benefits of the deal and then — and then immediately continued its illicit nuclear activities.

In 2005, after years of diplomacy, the dictatorship agreed to ultimately abandon its nuclear programs and return to the Treaty on Non-Proliferation. But it never did. And worse, it tested the very weapons it said it was going to give up. In 2009, the United States gave negotiations yet another chance, and offered North Korea the open hand of engagement. The regime responded by sinking a South Korean Navy ship, killing 46 Korean sailors. To this day, it continues to launch missiles over the sovereign territory of Japan and all other neighbors, test nuclear devices, and develop ICBMs to threaten the United States itself. The regime has interpreted Americas past restraint as weakness. This would be a fatal miscalculation. This is a very different administration than the United States has had in the past.

Today, I hope I speak not only for our countries, but for all civilized nations, when I say to the North: Do not underestimate us, and do not try us. We will defend our common security, our shared prosperity, and our sacred liberty.

We did not choose to draw here, on this peninsula — (applause) — this magnificent peninsula — the thin line of civilization that runs around the world and down through time. But here it was drawn, and here it remains to this day. It is the line between peace and war, between decency and depravity, between law and tyranny, between hope and total despair. It is a line that has been drawn many times, in many places, throughout history. To hold that line is a choice free nations have always had to make. We have learned together the high cost of weakness and the high stakes of its defense.

America’s men and women in uniform have given their lives in the fight against Nazism, imperialism, Communism and terrorism.

America does not seek conflict or confrontation, but we will never run from it. History is filled with discarded regimes that have foolishly tested Americas resolve.

Anyone who doubts the strength or determination of the United States should look to our past, and you will doubt it no longer. We will not permit America or our allies to be blackmailed or attacked. We will not allow American cities to be threatened with destruction. We will not be intimidated. And we will not let the worst atrocities in history be repeated here, on this ground, we fought and died so hard to secure. (Applause.)

That is why I have come here, to the heart of a free and flourishing Korea, with a message for the peace-loving nations of the world: The time for excuses is over. Now is the time for strength. If you want peace, you must stand strong at all times. (Applause.) The world cannot tolerate the menace of a rogue regime that threatens with nuclear devastation.

All responsible nations must join forces to isolate the brutal regime of North Korea — to deny it and any form — any form of it. You cannot support, you cannot supply, you cannot accept. We call on every nation, including China and Russia, to fully implement U.N. Security Council resolutions, downgrade diplomatic relations with the regime, and sever all ties of trade and technology.

[…] It is our responsibility and our duty to confront this danger together — because the longer we wait, the greater the danger grows, and the fewer the options become. (Applause.) And to those nations that choose to ignore this threat, or, worse still, to enable it, the weight of this crisis is on your conscience.

I also have come here to this peninsula to deliver a message directly to the leader of the North Korean dictatorship: The weapons you are acquiring are not making you safer. They are putting your regime in grave danger. Every step you take down this dark path increases the peril you face.

North Korea is not the paradise your grandfather envisioned. It is a hell that no person deserves. Yet, despite every crime you have committed against God and man, you are ready to offer, and we will do that — we will offer a path to a much better future. It begins with an end to the aggression of your regime, a stop to your development of ballistic missiles, and complete, verifiable, and total denuclearization. (Applause.)

A sky-top view of this peninsula shows a nation of dazzling light in the South and a mass of impenetrable darkness in the North. We seek a future of light, prosperity, and peace. But we are only prepared to discuss this brighter path for North Korea if its leaders cease their threats and dismantle their nuclear program.

The sinister regime of North Korea is right about only one thing: The Korean people do have a glorious destiny, but they could not be more wrong about what that destiny looks like. The destiny of the Korean people is not to suffer in the bondage of oppression, but to thrive in the glory of freedom. (Applause.)

What South Koreans have achieved on this peninsula is more than a victory for your nation. It is a victory for every nation that believes in the human spirit. And it is our hope that, someday soon, all of your brothers and sisters of the North will be able to enjoy the fullest of life intended by God.

~ U.S. President Donald Trump (Nov 8, 2017)

This speech was delivered in Seoul, South Korea.  However, the most important audience was in Beijing China.

Phase-2 MAGAnomic Policy – NEC Director Gary Cohn Departs Administration…


There will obviously be another media cycle decrying crisis at the White House with the announcement that National Economic Council Director Gary Cohn is departing.

However, for those who follow the administration closely, this was a foregone conclusion; the MAGAnomic “America First” policy has a specifically timed exit ramp for just this purpose.

We have previously outlined the relationship between President Trump and Gary Cohn HERE – Along with what each of them brings to the perspectives of the other.  In addition, the larger Trump economic policy always held two distinct aspects:

  1. The financial aspects – taxes and monetary policy stability; or perhaps more succinctly the Wall Street aspect.
  2. The trade, jobs and manufacturing aspects – trade policy; or perhaps more succinctly the Main Street aspect.

The implementation of Trump’s economic policy involves those two elements: Taxes and Trade. Inside the Trump administration there are economic policy advocates who agree on the tax element, but disagree on the trade element. Economic adviser Gary Cohn is an example.

The Wall Street crowd align with Trump on taxes, but fundamentally split from him on trade. The combined Trump policy is part of the larger America-First initiative, but some within the economic team only agree with half of the aggregate policy. This is why there is a split.

As previously noted, with the tax reform proposals in place (the basis for domestic economic investment), the focus of Trump’s economic platform turns specifically to Main Street. This policy split is what makes President Trump so stunningly unique amid politicians. POTUS Trump splits from the traditional republican economic outlook on matters surrounding Main Street’s best interests.

Inside this dynamic, and the goal to restore a ‘balanced’ U.S. economy, is where the importance of Gary Cohn diminishes and the role of Commerce Secretary Wilbur Ross elevates. Secretary Ross is the person creating the fulcrum in the balanced economy reset.

POTUS Trump and Secretary Ross always knew they would need to jettison part of the administrations’ economic team once they accomplished, and moved past, tax reform.

Their focus now is laser targeted policy toward Main Street. Consider this ‘Phase-2’

We are now inside phase-2 of the total policy execution. Secretary Ross outlined how the ‘America First’ economic policy and phase-2 platform engages with the global community during a panel discussion at the World Economic Forum in Davos, Switzerland in January.

The corporate media, even the financial media, never highlighted the severity expressed by Wilbur Ross at Davos – because the Main Street policy he was explaining is directly against their interests. During the Davos World Economic Forum, Ross conveyed to the larger multinational interests an explanation of the high-level shift in U.S. trade policy, and reinforced the Trump Doctrine of economic nationalism.

Secretary Ross told the panel: “The Chinese for quite a little while have been superb at free-trade rhetoric and even more superb at highly protectionist behavior. Every time the U.S. does anything to deal with a problem, we are called protectionist.”

“Protectionists” the opposition was predicted to shout by Ross in January. Well, cue the audio visual demonstrations over the past few days surrounding Steel and Aluminum tariffs.

Also at Davos in January, after three decades of President Trump outlining his trade views, secretary Ross accurately said President Donald Trump has a forceful leadership style that some people don’t like. “We don’t intend to abrogate leadership, but leadership is different from being a sucker and being a patsy. We would like to be the leader in making the world trade system more fair and more equitable to all participants” Ross said.

Secretary Ross also challenged the panelists, including World Trade Organization Director-General Roberto Azevedo and Cargill Inc. CEO David MacLennan, to name a nation that’s less protectionist than the U.S. – – – He got no responses.

Not taking any guff, Secretary Ross then cited a study of more than 20 products that showed China had higher tariffs on all but two items on the list, and Europe all but four. The panel sat jaw-agape at Ross’s delivery of irrefutable facts to the audience. “Before we get into sticks and stones about free trade we ought to first talk about, is there really free trade or is it a unicorn in the garden,” said Ross. Again, no response from the panel.

Despite the tariffs Trump imposed in January on solar panels and washing machines; and despite the proposition of Steel and Aluminum tariffs, China is planning for a “bumper year” for new trade deals, according to China’s own Commerce Ministry.

For the past 30+ years, DC politicians have been selling out the U.S. economy to corporate interests, Wall Street and multinationals. President Trump is simply saying “no more”, and finally putting a stop to it. They hate him. He doesn’t care.

Putin’s Address to the Nation & the World


 

Putin’s address on March 1st to the Federal Assembly seems to have sparked a lot of crazy emails with people talking nonsense about things they do not even come close to understanding. Yes, the headline grabber was Putin’s statement about a new invincible cruise missile. I will address that in a moment. Overlooked, however, was Putin addressing the real issues of economic concerns that seem to have gone over everyone’s head. The problem with the Oligarchs where he is implying that things need to change for the good of Russia. China moved to Capitalism directly from Communism and we see the difference with China poised to surpass the US economy by 2032 and is already the second largest economy in the world. Russia, on the other hand, simply moved from state-controlled economic system to one where political friends became Oligarchs and prevented a free market economy. Russia economically ranks 12th in the world behind the USA, China, Japan, Germany, France, United Kingdom, India, Brazil, Italy, Canada, and South Korea. This is what Putin was addressing, the need to truly open up the economy to competition. If you try to compete against an Oligarch by opening a restaurant in Moscow, you will be lucky to survive beyond 24 hours. Russia is economically a third world country with a lot of weapons. Putin realizes that for all its military power, it collapsed BECAUSE it did not have the economy to support its military ambitions.

Putin also addressed trying to keep people from leaving Russia. Despite the Global Warming movement that is really trying to reduce the population, in fact, the population is declining among the industrialized nations and Russia is no exception. The population of Russia peaked at 148,689,000 back in 1991, just before the breakup of the Soviet Union. Ever since the collapse of Communism, people realize that the State will not simply take care of them. As a direct result, the birth rates have been steadily dropping and there have been abnormally high death rates in Russia as well among the elderly. Russia’s population has been declining at an annual rate of 0.5%, or about 750,000 to 800,000 people per year since 1991. Add to this figure, the migration of Russian women looking for Western men, and you have a crisis brewing in the decline of population in Russia that threatens its long-term viability.

Nevertheless, the area of Putin’s speech that has sparked the wildest claims were those comments which mentioned the invincible strategic nuclear systems in various stages of development. The boast of a missile that can penetrate the US defense system has been known behind the curtain as the RS-28 “Sarmat” system which is a new land-based heavy intercontinental ballistic missile (ICBM). This is what is being fitted with advanced technology to assure penetration of any missile defense.

Putin definitely made global headlines with these comments. However, I really did not think it warranted comment since Russia’s ability to defeat U.S. missile defenses is nothing new. I suppose I have known that fact but it seems many did not. Let me explain something that may not be common knowledge. U.S. policy has been not to deploy a defensive system that could neutralize a Russian retaliatory response to a U.S. nuclear attack. The reason this is the basic policy is the concern that such a system which was called Star Wars, would destabilize the world and result in a new arms race where Russia would be driven to re-establish a retaliatory capability. Putin’s response was directed at Trump and his administration’s idea of reversing that policy creating a new Ballistic Missile Defense Review. This was part of the February 2018 U.S. Nuclear Posture Review which states that any improvements in U.S. defensive capabilities will be deployed in such a way as to “preclude an arms race” with China or Russia. Therefore, Putin was addressing this very issue and to make it clear that there MUST remain a balance between powers for all the nukes keep everyone in check.

Putin also addressed a maneuverable hypersonic glide the “Avangard” which is a new missile system with a vehicle of this type. Putin also mentioned a long-range nuclear-powered unmanned underwater vehicle that can be fitted with a nuclear warhead, known commonly as “Status-6.” Both of these systems are designed to evade any U.S. defensive measures — Avangard by presenting an unpredictable flight trajectory, while Status-6 is an entirely new sea-based way to deliver a nuclear weapon. Both are designed to maintain the power balance.

The invincible new cruise missile was really a statement to Trump not to start a new arms race. You simply have to understand what is going on behind the curtain right now.

Italian Elections – Another Nail in the Coffin of Brussels?


EU CrisisThe Italian election results are in and once again it demonstrates that correlating economics with voting, you end up with a far more accurate forecast. Trying to predict based upon samples of calling people appears to be not merely questionable, but also prone to human bias. We have been warning that this trend toward nationalism is growing worldwide and especially within Europe. The Italian vote proves that the refugee issue is a major crisis and the people do not support it. Civil Unrest in Ital has been rising, but nobody listens to the people.

The politicians in Europe and even in the United States with respect to Trump, have assumed that this is merely a populist movement that would quickly fade into memory. Career politicians have had it their way for so long, they cannot fathom why after robbing the Treasury for decades and nobody said anything, why are the people suddenly mad now? The Italian vote should be a wake-up call to Brussels, but they will remain in a state of denial. Their attempt to PUNISH Britain they believed would prevent other states from leaving. They are sadly mistaken.

A majority of Italian voters have spoken and they supported the Eurosceptic candidates in the national election. Italy had been a steadfast championed the European project. However, the dreams have fallen to the ground as dusk in the winds of politics. Those in Brussels have been totally dishonest with the European people swearing that a single currency would solve all the ills and that they were not trying to take over Europe making it the United States of Europe with one government. The promise that a single currency would also produce a single interest rate for all proved also a complete lie.

The early results released by the interior ministry pointed to a hung parliament, with the only hope of perhaps a center-right coalition, with about 37% of the vote could perhaps secure a majority once parliamentary seats are allocated ignoring the people as they have done in Germany. Any way we cut this, the Italian vote is a complete repudiation of Brussels following the trend set by BRXIT for Britain to leave the European Union.

The newspapers are reporting that unlike British voters, Italians would NOT support an exit from Europe or a referendum on leaving the Eurozone. Nonetheless, the very populist parties who score big in this vote have previously been open to a referendum on the Euro and will remain as an important barometer of the mood of the country moving forward. The burning question comes down to – are Italians proud to be Italians? Or do they buy into this view that an Italian is nothing without Europe?

The Italian vote on Sunday also marked the rise of two relatively new political parties that had been ignored and laughed at as fringe movements – (1) the anti-establishment Five Star Movement (M5S), which early results showed had 31% of the vote, and (2) the anti-migrant and Eurosceptic League, formerly known as the Northern League. Neither group warrants being laughed at or ignored anymore.

The former prime minister Silvio Berlusconi appears to have lost to a younger rival on the far right, Matteo Salvini, who supports radical immigration policies that even include mass deportations of immigrants who are in Italy illegally. Many have called Salvini a racist, as they are using that label in Britain to disparage anyone who votes for BRIXT. However, this is not really a racist issue. During hard times, during the 1840s, there was a nationalist movement in the United States against the migration of Irish. That even turned into gun battles on the street of Philadelphia and it had nothing to do with RACE!

The RACIST label being used against anyone who opposes the mass immigration from Africa under the pretense of war in Syria is simply a tactic used to defend a policy that is indefensible. Regardless of race, this is a crisis created by conflicting cultures and no politician will address the issue because they must have to admit a mistake. The performance of Salvini’s has been a clear warning sign that this entire Refugee Crisis in Europe is indeed tearing the continent apart. It was implemented unilaterally by Merkel who was concerned that her image was being harmed by her position refusing to compromise or foregive any debt with Greece. Germany tried to cover-up the Refugee Crisis without success.  Only when the elections were coming up did Markel suddenly flip and said she too would deport refugees. This was only after Merkel’s party suffered a historical defeat in Berlin local elections. The statistics show that 70% of the migrants are young men who are economic migrants, not political refugees. Whatever happened to women’s rights in the middle of all this?

Salvini made a “gentleman’s agreement” with Berlusconi that if the center-right were to win a majority, whichever party comes out with the most votes within the coalition would name the next prime minister. I have written previously that removing Berlusconi from office was a coup staged by Brussels all because he was beginning to favor exiting the Euro. Salvini also publicly stated that the Euro as a currency was destined to fail, and he also said he would not rule out a referendum on the issue.

Then we have the former Prime Minister Renzi’s leading lieutenant, Maria Elena Boschi, won a safe parliamentary seat in South Tyrol in northern Italy, two other prominent politicians, the interior minister, Marco Minniti, and the culture minister, Dario Franceschini, were defeated. This is clearly demonstrating that there is an underlying rejection of Europe and the Brussels’ agenda.  Consequently, Renzi has stepped down as head of the Democratic party (PD). Renzi has seen his political career go down in flames all because he would not listen to the people.

The politicians have simply backed Merkel, who never put this entire refugee matter to a vote among politicians no less the people. The Refugee Crisis demonstrates that there is no democratic mechanism within the European Union because politicians have viewed that they are smarter than the people and they are just stupid sheep who do as they are told.

 

The results also demonstrated that Sicily, which had traditionally supported Berlusconi’s Forza Italia, also moved toward M5S, which is a broader movement rather than a party that is variously considered populist, embracing anti-establishment, environmentalist, alter-globalist, and Eurosceptic philosophies.

NAFTA Round Seven Ends in Mexico City With Negligible Progress – USTR Lighthizer Remarks (Transcript)…


Dear Ambassador Lighthizer, love ya’ but enough already.  After eight months, and seven rounds of negotiations, only six trade chapter agreements -out of 30- have been closed.  It’s an election year in Mexico (July), Canada and the U.S. (November).

Time to cut bait; call the baby ugly; end the nonsense; stop the backslapping; put everyone out of their diplomatic misery, and finally make a formal NAFTA exit announcement in Washington DC.

Today, round #7 ends in Mexico City with no progress. Surprise fail.   Here’s the trilateral presser (sorry, poor audio):

Other than the progressive Canadian ‘princess rainbow-sparkles’ stomping her feet and promising targeted political trade retaliation for U.S. Steel and Aluminum tariffs, there’s nothing newsworthy within the entire public conference.   Below is a transcript of Ambassador Lighthizer’s full remarks as delivered.

Ambassador Lighthizer: Good Afternoon.

Let me begin by commending Secretary Guajardo for a terrific job hosting this seventh round of negotiations here in Mexico City. It is a privilege to return to this great city.  Not long after I was last here, Mexico was struck by devastating earthquakes.  Your nation’s rapid recovery from that tragedy shows the great strength of the Mexican people.  You deserve our praise for that and our continued prayers and support.

I would like to thank both of you — Secretary Guajardo and Minister Freeland — for your hard work and for the hard work of your able staffs.  We have to keep in mind that there were several hundred people working very long hours for several days during the course of this process.  We are dealing with a large number of difficult issues, very technical issues, and I appreciate the efforts made by all negotiators.

In spite of this hard work, we have not made the progress that many had hoped in this round.  We have closed out only three additional chapters: Good Regulatory Practices, Administration and Publication, and Sanitary and Phyto-sanitary Measures.  We have also completed work on sectoral annexes related to chemicals and proprietary food formulas.  And we are making substantial progress on Telecommunications and Technical Barriers to Trade.  We have also agreed to include a chapter on energy.

These chapters are important and provide further evidence that all three countries want to upgrade and modernize NAFTA.  But to complete NAFTA 2.0, we will need agreement on roughly 30 chapters.  So far, after seven months we have completed just six.  Now granted, these things tend to converge more towards the end of a negotiation.

As I have said since August, we have two major goals in these negotiations.  First, we want to update NAFTA to address modern trade issues.  All three countries agree that NAFTA is outdated, and I believe we should be able to reach agreement on new issues like digital trade, labor, and environment, intellectual property, and much more.  We urge all parties to move more quickly on these issues.

Second, we believe that NAFTA should be rebalanced.  This has been a longstanding U.S. concern about the treatment of our workers and businesses.  From our point of view, among other things, changing the agreement so that it no longer encourages outsourcing, developing rules of origin that will fairly treat our manufacturing sector and workers, and reshaping the rules of government procurement are very important.  We also need to make more progress on these points to conclude a new NAFTA.  We continue to stress the need to act quickly.

Now our time is running very short.  On July 1, as everyone here knows, Mexico will choose a new president.  That campaign as I understand it begins in earnest just next month.  But Mexico is not the only NAFTA country in the midst of elections.  Both Ontario and Quebec have elections scheduled later this year.  Finally, the United States has mid-term elections coming up in November.  All of this complicates our work.  I fear that the longer we proceed, the more political headwinds we will feel.

I also note that in all three countries, reaching an agreement at the negotiating table is only part of the process.  In the United States, after an agreement in principle is concluded, our laws require public disclosure of text, further consultations, and numerous reports before it can be considered by Congress.  Thus, in the U.S., we must resolve our outstanding issues soon to maintain the possibility of having this measure be considered by the current Congress.

As President Trump has said, we hope for a successful completion of these talks, and we would prefer a three-way, tripartite agreement.  If that proves impossible, we are prepared to move on a bilateral basis, if agreement can be made.

We have tried to be clear and very specific about what we hope to see in a new NAFTA.  We are prepared to work continuously to achieve a breakthrough.  I understand that these talks are not easy for anyone.  Each of us has our own political concerns.  But we are at the point where we have very important decisions to be made.  If the political will is there, I am certain that we have a path to a rapid and successful conclusion.

Thank you.

NAFTA Watch – Peter Navarro Interview and POTUS Trump Tweets…


We are nearing the timeline apex for release of the decision/announcement on a U.S. NAFTA exit. Trade adviser Peter Navarro appears on Fox Business to discuss the pending Steel and Aluminum tariff while President Trump tweets concerns about NAFTA renegotiation; which enters Round #7 this week.

The steel tariffs are targeted toward national economic security; the Wall Street financial class are apoplectic because a firm administration stance on Steel and Aluminum tariffs indicates the larger trade perspective on all bilateral trade deals.

New Twitter Thread on the NAFTA Fatal Flaw – HERE

A Trade War? No, a Coordinated Phase-Two Trade Policy Shift by the Trump Administration…


Ya know, it’s increasingly funny to watch the Wall Street crowd going bananas simply because POTUS Trump does exactly what POTUS Trump said he was going to do.  I mean it’s not like the administration has been hiding the trade policy plans and objectives for the past year; yet, the financial class acts shocked, SHOCKED, when it actually happens.

Cue the audio visual demonstration….. Was anyone paying attention in January at the Davos World Economic Forum when Commerce Secretary Ross said exactly what the administration was going to do in the coming months?  ….Apparently not.

Against the backdrop of current financial and corporate media running around like blindfolded zombies with forks in their eyes – hysterically bumping into walls, it might be worthwhile to revisit Commerce Secretary Wilbur Ross’s purposeful remarks at Davos:

.

Twitter Thread HERE to Expand Full Dynamic

GDPR – Are You Ready?


The new so-called “General Data Protection Regulation” (GDPR) of the EU goes into full force on May 25, 2018. GDPR is a serious measure which is really designed to stem any criticism of the EU Commission. The claimed purpose is to stop propaganda pretending this will boost consumer confidence, revive the economy and generate billions of dollars in savings. What this is all about is the plain fact that this regulation will lay the foundation establishing a new layer of bureaucracy pretending to protect citizens but will burden the private sector since there are no specific injuries that are defined in advance leaving the enforcement arbitrary in the hands of bureaucrats at their discretion.

Across all of Europe, nobody understands exactly what is allowed and what is forbidden, who has to take what action, but the penalties of up to €20 million or 4% of your annual turnover are shocking. If you violate these uncertain rules when using personal data who can find yourself charged for simply doing normal business. This new EU regulation provides for a major threat to all companies in every field without exception. It appears to be clandestinely intended to be a revenue-raising tool that is just undefined. This regulation could be the straw that breaks the back of public patience and economic development in Europe. So far, such actions were always directed against individual industries such as the banks, which everyone else ignored since it was not their pocket being hit. This submissiveness unfolded more like the famous saying of Martin Niemoller (1892-1984) how the Nazi came for each group one at a time and nobody said anything until it was their turn and there was nobody left to ask for help.

Nobody knows if it is even okay to congratulate a customer on a birthday. If you can only send one e-mail to people who have expressly agreed in advance, can you send any sort of greeting even for Christmas? You are not allowed to send these persons any suitable e-mail or ask them for authorization by phone. A letter with a request for permission to send an e-mail is permitted. Lawyers cannot interpret exceptions in the vague formulations for even that will be just opinions that vary from one lawyer to the next. Everyone wants, everyone needs clarity but it does not exist!

This legislation is akin to the Writs of Assistance entered by King George III, which sparked the American Revolution. The defending lawyer against the King’s Writs of Assistance was James Otis (1725-1783) who pronounced these writs were “the worst instrument of arbitrary power, the most destructive of English liberty, and the fundamental principles of law, that ever was found in an English law book.” Otis warned that the king placed discretion in the hands of every agent to act as he desired. Nothing has changed for the government can do whatever it desires today and it is always the burden of the citizen to prove he has any rights whatsoever.

The EU has created the very same type of act. Allowing penalties to be imposed at the discretion of government agents without any clearly defined law is extremely arbitrary. The only thing truly defined are the penalties which can be up to €20 million Euros or 4% of the gross turnover of any business. Government agencies such as the judiciary, the police, the financial and intelligence services enjoy a special status, naturally.

Lawyers cannot even agree on whether the sending of an email by a company to a person is allowed or not for a birthday or holiday. Does there have to be prior consent to receiving an email? Some lawyers have warned that you may not be able to even send an email to ask for permission to send one. A company who sends unwanted emails commits a punishable violation of the regulation. Simply requiring to have an “unsubscribe” feature fails to comply with the law.

There are the countless emails we all get from Nigeria promising you are now a multi-millionaire just send your personal details so they can clean out your account. Just how is an EU regulation going to be applied overseas? Can a company that bombards people with emails constantly every day just because they look at their site but did not buy anything could be charged in Europe even if they are sending them from the USA. There is such a thing as territorial jurisdiction, but then again there is also extradition agreements. It appears that legitimate businesses will be hunted and fined for just doing commerce. The pretend emails that are criminally intended to grab your money or hold your computer for ransom will never be caught in the process.

The entire basis of Microsoft Windows is to push advertising and to take your surfing the net without any warning they are doing it. The latest Windows version was interesting. We turned off auto-update and two separate computers crashed at the same time and forced a reboot and then took 30 minutes to install updates. This seems that you cannot even opt-out even if you pay for the Pro Version. The vagueness of this law could actually call into question Windows when it is up to the discretion of an agent.

BTW – we do not sell anyone’s names, we do not send endless solicitations every day, anything we send as to notices of posts you must subscribe to for free.