President Trump Weekly Address – March 10th 2017


Source: President Trump Weekly Address – March 10th 2017

Jobs Report: Manufacturing Industry Sector Posts Largest Gains In Two Decades…


Source: Jobs Report: Manufacturing Industry Sector Posts Largest Gains In Two Decades…

French Political Parties Disintegrating


France 50-francs-1986

While Marine le Pen has reversed her position on introducing a new French franc saying she will set the rate at one-to-one to the euro and then allow it to float, whereas previously she said she would peg it to a basket of currencies. Meanwhile, we are looking at the collapse of the Fifth Republic formed by Charles de Gaulle. France is clearly on the brink of another political revolution. It has been astonishing to watch four career political candidates for the presidency be rejected by voters — two former presidents and two former prime ministers. François Fillon is on the ropes for political corruption. He tries to hold on for personal reasons rather than recognizing he is helping to destroy the Fifth Republic.

The French campaign is being usurped by all political outsiders with the Front National’s Marine Le Pen leading and a new youthful former banker, Emmanuel Macron who has been gathering support from the disintegrating political party system. Our model called for the collapse of the Socialists and indeed Hollande could not recover from the lowest poll rating perhaps in world history. The Socialists have instead chosen a very eccentric radical, Benoît Hamon, who champions the same nonsense. This seems to now be shaping up to be a classic battle between the more liberal Macron and the nationalist with Le Pen.

5 Francs 1977 5th Republic of France

The Fifth Republic, France’s current republican system of government, was established by Charles de Gaulle under the Constitution of the Fifth Republic on October 4th, 1958 (1958.758).  Here too, there appears to be the risk of forming a new government (fall of the 5th Republic) by mid 2021.

Paul Ryan Outlines Why It Takes Three Steps For ObamaCare Repeal and Replacement…


Source: Paul Ryan Outlines Why It Takes Three Steps For ObamaCare Repeal and Replacement…

President Trump Meets With CEO’s of Small and Community Banks…


Source: President Trump Meets With CEO’s of Small and Community Banks…

Iran confirms new successful missile test as tensions with US mount


I would bet that they are a lot closer to the bomb than anyone things, and may actually already have one. Maybe all the North Koreans tests aren’t theirs — what if they are also testing Iranian weapons?

France warns construction giant Lafarge against participating in Trump’s wall project


I’m sure there are American companies that make cement.

As North Korea missile threat grows, Japan lawmakers argue for first strike options


If North Korea starts WW III that would be a shame directly tied to Madeleine Albright and the William Clinton administration.

End Game: Russia Unites Assad, Kurds to Push Turkey out of Northern Syria


Good move!

Obama “Furious” With Trump Over Wiretapping Allegations


Tyler Durden's picture

In a report demonstrating the collapse in diplomatic relations between the current and previous president, the WSJ wrote overnight that rapport between Barack Obama and Donald Trump has “unraveled” with Trump “convinced that Mr. Obama is undermining his nascent administration” while Obama is “furious” over Trump tweets accusing him of illegal wiretapping. The WSJ notes that after shaking hands on Jan. 20, the day of Trump’s inauguration, the two presidents haven’t spoken since, “although Trump tried to call Obama to thank him for the traditional letter that one president leaves for his successor in the Oval Office.” The reason: Obama was traveling at the time and the two never connected.

As an amusing aside, the WSJ adds that the rift is distancing Mr. Trump from a former two-term president “who had offered to give private advice and counsel as the onetime businessman settles into his first job in public office.” Of course, if Trump is correct and Obama did in fact order a wiretap of the Trump Tower, Obama was actively seeking to impair the Trump campaign and chances for presidency, so that statement may seem a little suspect in retrospect.

Accuracy of the report notwithstanding, it is obvious that the bad blood between the two people has grown to unprecedented levels:  Douglas Brinkley, a presidential historian, said the open friction has upended tradition, an “almost unwritten rule that you treat your predecessor with a degree of grace and decorum.”

“There are these kinds of things that have happened in the past, but nothing to the degree where a sitting president would charge his predecessor with a felony,” Mr. Brinkley said. “It creates a feeling of instability in the United States.”

Whether real or imagine, Trump and other White House officials believe that Obama loyalists sprinkled throughout the federal bureaucracy are behind leaks that are damaging his personnel, White House officials said. A spokesman for Mr. Obama wouldn’t comment to the WSJ on the claim. In fact, as NewsMax CEO Christopher Ruddy, a friend of Mr. Trump who sees him on weekends at the president’s Mar-a-Lago, said in an interview: “From what I’m hearing, Trump’s people think Obama is at war with them.”

“This president has been under siege since Day One from both the press and Obama loyalists and he’s reacting to it,” Mr. Ruddy said. “I don’t think there’s any doubt that Obama loyalists inside the administration and outside are giving Donald Trump a lot of grief and a lot of problems.”

As is well-known by now, the animosity between Trump and Obama hit a climax last weekend, when Trump responded to recent allegations of ties to Russia by tweeting “How low has President Obama gone to tapp my phones during the very sacred election process. This is Nixon/Watergate. Bad (or sick) guy!”

Keeping a low profile in post-presidency, Obama – who is currently writing a book for which he will receive tens of millions in proceeds – had decided he wouldn’t respond to every intemperate Trump tweet, an aide said. “But he was livid over the accusation that he bugged the Republican campaign offices, believing that Mr. Trump was questioning both the integrity of the office of the president and Mr. Obama himself, people familiar with his thinking said.”

Ironically, as the WSJ adds, Obama had been critical of leaks when he was president, specifically those related to the Federal Bureau of Investigation’s probe into the email use of Mrs. Clinton, his former secretary of state. “He was very quick to condemn it then and obviously his silence now is notable,” one White House official said Tuesday. Obama, in an interview with the mobile news outlet NowThis News just days before the November election, said that when it comes to investigations “we don’t operate on innuendo, we don’t operate on incomplete information, we don’t operate on leaks—we operate based on concrete decisions that are made.”

For now, Trump’s attacks on Obama continue, first responding to a Fox News report yesterday when he claimed incorrectly that a number of Guantanamo Bay detainees who returned to the battlefield were released under Mr. Obama’s watch (most were released under President Bush), followed by calling Obamacare “a total disaster” and said Mr. Obama had allowed Russia to grow “stronger and stronger” over eight years in office.

So far, Obama and his spokesman have not responded to those tweets; it is unclear how long the former president can hold his silence.