President Donald Trump and First Lady Melania Trump participate in the arrival ceremony for a state visit by Australian Prime Minister Scott Morrison and Lady Jenny Morrison. [Video and Transcript Below]

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[Transcript] PRESIDENT TRUMP: Thank you. Prime Minister Morrison, Mrs. Morrison, members of the Australian delegation, and distinguished guests: Today we celebrate the long, cherished, and unwavering friendship between the United States and Australia.

The First Lady and I are honored to welcome you and Jennifer to the White House, and we look forward to hosting you for a State Dinner tonight in the Rose Garden. It will be quite something.

The unbreakable bond between America and Australia is rooted in eternal ties of history, culture, and tradition. Last year, our nations commemorated “100 Years of Mateship” since our gallant service members fought together in World War One. Today, we vow to carry on the righteous legacy of our exceptional alliance.

The close relationship between our two countries dates back to the earliest days of the American Republic. In 1792, during George Washington’s first term, the American ship “Philadelphia” became the first foreign trading vessel to enter an Australian port. In the coming decades, American prospectors, whalers, and merchants traveled to Australia for opportunity and adventure. They found in your people a kindred spirit. Americans and Aussies are loyal, bold, independent, and very, very resilient.

With incredible optimism and grit, our forefathers built homes and nations in lands of endless beauty and possibility. Together, we share common customs, common values, common dreams, and common heroes.

In the First World War, our bond was sealed in blood at the Battle of Hamel in France. In the words of Australian General John Monash, the events that took place there “live forever in the annals of our respective nations.”

General Monash led the operation, and began the offensive on the 4th of July, 1918, to honor the Americans under his command. On that Independence Day, the mighty Aussie and American forces charged uphill to push the enemy from the high ground and retake the strategically vital towns. In just 93 minutes, they liberated the village and helped turn the tide on the Western Front. It went very, very quickly.

As General Monash later wrote, the Americans “were ever after received by the Australians as blood brothers.” Since that day, Australians and Americans have fought together, side-by-side, in every major conflict.

In World War Two, the Aussies held the line against Rommel for eight harrowing months — Tobruk. They sacrificed [with]* our sailors during the Battle of Coral Sea. And 75 years ago, Aussie pilots patrolled the skies above Normandy on D-Day as we battled together to defeat the Nazis and rescue civilization.

The United States and Australia formalized our security alliance in 1951. Decades later, on September 10th, 2001, right here at the White House, our nations celebrated the 50th anniversary of that treaty. The next morning, September 11th, America was attacked and Australia invoked the treaty’s mutual defense commitment for the first time ever. In the weeks that followed, as our beloved sons and daughters deployed to defend our freedom, we took comfort in knowing that they would have Australian warriors right by their side.

Today, on National Prisoner of War/Missing in Action Recognition Day, we pledge to forever honor our service members captured or still missing from battle throughout our history. We work and pray for the day when all of our heroes return home.

On behalf of every American, I extend my profound thanks to the people of Australia for sacrificing with us in our shared fights against the menace of fascism, communism, and radical Islamic terrorism.

In the past century, the friendship between our nations has not only withstood the tests of time and war here on Earth, but also led our nations into the stars.

This year, the United States commemorated the 50th anniversary of the Apollo 11 moon landing. Today, we give thanks to the nation of Australia for its vital contributions to the extraordinary achievement. On July 20, 1969, when Neil Armstrong planted our great American flag on the face of the moon, the ground station broadcasting this iconic image to the world was Australian.

Together, our people have laid down their lives to protect our civilization from tyranny. We have pioneered some of the most remarkable advances in human history. And every shared endeavor, we have shown the world what it truly means to be friends, mates, and allies.

As we begin the next century of our truly extraordinary partnership, I know that America and Australia will remain forever united in defense of our liberty, our sovereignty, and our most treasured values.

Thank you. God bless you. God bless Australia. And God bless the United States of America. Thank you very much. (Applause.)

PRIME MINISTER MORRISON: Well, as I just said to the President, “Thanks, mate.” (Laughter.)

Mr. President, Mrs. Trump, honored guests, distinguished guests, friends one and all, here in this land of liberty: Thank you, Mr. President and Mrs. Trump, for the honor you have bestowed on my country here today with this extraordinary welcome. Jenny and I bring with us and our delegation the amity, the thanks, and respect of 25 million Australians for this great country of these United States of America.

Fifty years ago, another Australian Prime Minister visited the White House. And he said, “There are too many bonds between our two countries for any Australian Prime Minister to feel that he is stranger.” So once again, as another Prime Minister returns as a friend to celebrate with you, Mr. President, one of our oldest and dearest friendships, it is wonderful to be here.

Australians and Americans understand each other like few other peoples. And it is true that you and I have established a very early understanding, for which I am grateful. No two peoples in the world make better friends easier than ours. Your respect for Australia, Mr. President, your personal encouragement, and the example afforded by your passion for what makes America great makes ours a very easy connection.

For a century, as you have recounted, we have done what true friends do: stick by each other. Ronald Reagan spoke of the “truths and traditions” that define the United States. Australians share these truths and traditions. We see the world through the same lens. From the cornfields of Hamel, to the jungles of Southeast Asia and the Pacific, to the dust of Tarin Kowt, and now, even the waters of the Straits of Hormuz, Australians and Americans continue to stand together.

I’m reminded of a story of a young American soldier in the First World War calling out to Australian soldiers for help to attend to the wounded. And an Australian soldiers replied in the notorious, blunt language of soldiers, which I will censor here. (Laughter.) But he said, “Sure, Yank, I’ll go. We’re in this thing together.” (Laughter.)

Mr. President — (laughter) — Australia may often — look, he’s a New Yorker. (Laughter.) Mr. President, Australia may often look to the United States, but we have never been a country that been prepared to leave it to the United States. We don’t. That’s not our way. We pull our weight.

Like you, our lives, our fortunes, and our sacred honor are found in our willingness to stand for what we believe. We believe, as Teddy Roosevelt declared, that national strength is found in the ability of citizens to live out their lives with “self-restraint, self-mastery, common sense, the power of accepting individual responsibility,” and the ability to act “in conjunction with others” and with “courage and resolution.”

We believe in the capacity of enterprise and free markets to create wealth and to lift all, and for free and fair trade to bring nations closer together. We believe that governments derive their power from the consent of the governed and that the ballot box and democracy is the surest foundation for peace and security. And we believe in the rule of law and freedom of association.

These beliefs spurred this country to build a mighty canal; to stand up to fascism and militarism; to rebuild the modern world after winning a great peace; inspired the fascination, wonder, and joy of the world’s children through a little mouse who could whistle a tune; who took humanity to the moon — and, indeed, we’re going back again; tore down a wall that separated liberty from oppression; and imagined, engineered, and built a digital world that has connected humanity in a way that we now can’t imagine living without. America reminds the world that it can be done. How great is America?

The world is a better place because of this country living out its moral purpose — a world not just more secure, but more prosperous as well. The new economies of the world lifting hundreds of millions from poverty do so because they first saw the United States define a century and do that first, and then invited and supported them to follow.

Mr. President, I know that the leaders of more powerful nations will indeed visit this home known throughout the world and will be welcomed as friends. But you won’t find a more sure and steadfast friend — a better mate — than Australia.

It is a coincidence of history that on the very day Pearl Harbor was attacked, Australia gifted a 99-year lease to the United States to build its embassy on our capital. And 60 years later, as the President has remarked, on September 11, another Australian Prime Minister, John Howard, was here in Washington at our embassy and he invoked our treaty with you and pledged our country to stand with you against the architects of terror as we do to this day.

When President Reagan welcomed another Australian Prime Minister on this lawn, he reminded us, “Liberty is not an inevitable state, and there is no law which guarantees that once achieved it will survive.”

So we pledge ourselves here at this dawn of a second century of mateship between our nations to renew and modernize our alliance for a new century, to continue to be vigilant and strong, and to build the economic strength that our world needs that contributes to the peace and prosperity of all.

Whatever lies ahead in this century, I know that Australian and the United States will go on to meet it with the same courage, the same daring, the same unbreakable bond that has defined the first century of mateship.

Mr. President and Mrs. Trump, thank you again for welcoming Jen and me here — and here as true friends. May God bless you. May God bless the good peoples of the Commonwealth of Australia and these United States of America. (Applause.)

END 9:34 A.M. EDT

Today the President and First Lady will welcome Australian Prime Minister Scott Morrison and Lady Jenny Morrison for an official state visit to the United States.

Aussie, Aussie, Aussie – Oi, Oi, Oi

After a day of formal and semi-formal activity, the Morrisons’ will be guests of honor at a White House state dinner in the Rose Garden.   Schedule:

♦ 9:00am ET THE PRESIDENT and THE FIRST LADY participate in the arrival ceremony of the Prime Minister Scott Morrison and Mrs. Jenny Morrison of Australia – South Lawn

♦ 9:30am ET THE PRESIDENT and THE FIRST LADY participate in the official guest book signing and leader gift exchange – Blue Room

♦ 9:40am ET THE PRESIDENT and THE FIRST LADY participate in a receiving line with the official Australian Delegation – Cross Hall

♦ 10:00am ET THE PRESIDENT participates in a bilateral meeting with Prime Minister Scott Morrison of Australia – Oval Office

♦ 10:30am ET THE PRESIDENT participates in an expanded bilateral meeting with Prime Minister Scott Morrison of Australia – Cabinet Room

♦ 11:45am ET THE PRESIDENT participates in a joint press availability with Prime Minister Scott Morrison of Australia – East Room

♦ 7:00pm ET THE PRESIDENT and THE FIRST LADY participate in the arrival of the Prime Minister Scott Morrison and Lady Jenny Morrison of Australia – North Portico

♦ 7:05pm ET THE PRESIDENT and THE FIRST LADY participate in couples reception with the Prime Minister of Australia and Mrs. Morrison – Yellow Oval Room

♦ 7:35pm ET THE PRESIDENT and THE FIRST LADY participate in a receiving line – Blue Room

♦ 8:20pm ET THE PRESIDENT and THE FIRST LADY host a state dinner with the Prime Minister of Australia and Mrs. Morrison – Rose Garden

First Lady Melania has chosen to deck the Rose Garden with green and gold, with yellow garden roses, wattle and golden champagne grapes decorating the tables.

Approximately 100 guests will enjoy a menu of sunchoke ravioli, Dover sole with fennel mousseline, and Lady Apple tart was chosen to “pay homage to Australia’s special blend of culinary adaptations from its various cultures, not unlike the diverse food traditions of the United States”, a spokesperson for Mrs Trump said.

♦ 9:40pm ET THE PRESIDENT and THE FIRST LADY participate in entertainment with the Prime Minister of Australia and Mrs. Morrison – Rose Garden

[Media Preview]

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~ Very Exciting ~

[White House Background] – Just going to briefly give you a flavor of what we’re going to be doing tomorrow, schedule-wise, for the state visit, and then walk a little bit into the relationship and some of the policy objectives and outcomes from — from the visit.

So we’re going to start tomorrow morning with a 9:00 a.m. South Lawn arrival ceremony. That’ll take us for about 30 minutes. Then we’re going to go into a guestbook signing and gift exchange, before a two-on-two — President and First Lady, and Prime Minister and Mrs. Morrison — meeting in the Oval Office. Then we’re going to have a series of bilateral meetings between the President, the Prime Minister, and their staffs. That’s going to take us up to the middle of the day, where we’re going to have a joint press conference in the East Room — starts at 11:45 a.m., to run for about 30 minutes or so.

That’ll take us to the State Department luncheon to be hosted by Vice President Pence and Secretary Pompeo, starting at 1:00 p.m.

Then we’re going to — skipping down later in the day we have the state dinner at 8:15 p.m. and entertainment going until later in the evening in the Rose Garden. So, that’s a little bit of the program for tomorrow and what we expect to see on the agenda.

Looking at the relationship, the U.S. partnership and alliance with Australia is one of our strongest and most enduring relationships anywhere in the world. You can measure that by the military, the shared military engagement, going back to the First World War. U.S. and Australian troops have served side by side, going back to the Battle of Hamel in 1918. And all the way through World War Two, Korea, Vietnam, the first Gulf War, Iraq, Afghanistan, the Defeat ISIS campaign, and throughout numerous other counterterrorism and other engagements around the world.

It’s incredibly robust in the intelligent sharing arena. They’re a member of Five Eyes, and we have — we have just an extraordinarily dynamic and deep partnership with them across so many areas.

The purpose of this visit is going to be highlighting the breadth and the depth of that relationship. So, the President — in addition to what I walked you through for Friday, the President of course is also going to be traveling later on with the Prime Minister to Ohio, where we’re going to be highlighting the economic side of the relationship.

And what’s really extraordinary about that is, of course, from a trading standpoint, we have both a surplus in goods and a surplus in services with Australia. And the foreign direct investment that we’re going to be highlighting in Wapakoneta, Ohio, is a really impressive example of what this administration’s policies and Australia’s commitment to the alliance have been able to produce in the industrial Midwest.

Looking at what we’re — what we’re trying to highlight in this visit in terms of specific policies, the President’s vision for a free and open Indo-Pacific, as is highlighted in the National Security Strategy and other strategy documents, Australians are an absolutely essential partner in that free and open Indo-Pacific vision. They coordinate with us. We have numerous mechanisms for cooperation already to really capture the full breadth of the challenges and the opportunities in the region. And we are in constant contact with them. And this — this visit is designed to highlight some of — some of that cooperation.

I’ll just give you a flavor of some of the things we’re going to — that’ll likely be coming out of this that are worth highlighting. Australia has been a tremendous partner for us as it relates to Iran’s nuclear program and towards some of the challenges we face with Iran. They’ve recently announced there are going to be joint patrols with the United States in the Strait of Hormuz to keep — to ensure freedom of navigation and the Strait.

In North Korea, they’ve been a key partner in our efforts in North Korea. They’ve been absolutely steadfast as it relates to broader issues of preserving a free and open Indo-Pacific and coordinating with us on that. So we want to highlight the security and then the regional architecture side of the relationship.

We also, from an economic-partnership standpoint, we’re going to be talking about space cooperation. This is an area where the Australians have been cooperating with us for over 60 years in space. And we’re going to have some announcements on an MOU between NASA and the Australian Space Agency on returning to the moon by 2024, and to explore new areas of mutual interest in things like automation and robotics. It’s going to be very exciting.

On rare earth elements and critical minerals, which is an area of shared interest and concern for both countries, we’re going to be rolling out a plan to improve security and supply of rare earth in a way that is mutually beneficial to both countries and strengthens our — both security — our physical security and our economic security.

In the science and technology space, we’re going to be unveiling some mechanisms to increase our S&T cooperation, particularly in the area of frontier technologies and identifying future research projects where both countries are going to be able to collaborate across the spectrum of different projects and disciplines.

And finally, on the environmental side, we’re going to be rolling out some program to work on recycling and waste management, especially in oceans plastic, which is an area of concern to both the United States and Australia.

So, I think you can see, this is going to be — the depth and breadth of the things we’re talking about during this visit is really a reflection of the depth and breadth of the relationship as a whole.

And so I think, you know, this comes — last year, we celebrated 100 years of Mateship between the United States and Australia. And this is, you know, the first state visit that we’ve had since Prime Minister Howard came to the United States shortly after 9/11. And in those 18 years, the Australians have really been shoulder-to-shoulder with us all over the world in so many different areas. And this is really a perfect time to highlight the alliance and the contribution.

So, I can take any questions.

Q Hi, this is Andrew Feinberg with Breakfast Media. Thanks for doing this call. Given the news last night and today, is the President planning on taking any steps to assure the Prime Minister that the U.S. can be trusted by Australia and the rest of our Five Eyes alliance allies?

And also, does the President still want the Attorney General to, quote, “look at” Australia and their diplomats’ role in starting the Russia investigation?

SENIOR ADMINISTRATION OFFICIAL: Look, the Five Eyes partnership is one of the strongest in the world. And what the United States and Australia cooperate on every day is the mutual safety and security of Australians and Americans. And so that relationship is steadfast and has been really one of the pinnacles of global security over the last 60 years. So that’s — that relationship is done unshakeable.

Q Hi. This is Kyle Mazza for UNF News. Thank you for doing this call. I wanted to go back to a topic that you pointed out on the environment. Can you say specifically what the Prime Minister and the President will discuss on recycling plastics at our mutual interest to Australia and the United States? Thank you.

SENIOR ADMINISTRATION OFFICIAL: Sure. I’ll give you just a little more flavor on that. Bottom line: We’ve been — both countries have been looking, over the last several years, at ways to reduce oceans plastic and the pollution that comes from that and the damage it does to marine wildlife, to sustainable fishing, and to the ecosystem in general.

Both countries — obviously, we have significant Exclusive Economic Zones, significant coastlines, so have a very — both of us have an interest in collaborating and cooperating on that challenge.

So I think the President and the Prime Minister and their staffs are going to have an opportunity to look at some proposals that have been put on the table by both sides, how we can just have more cooperation both on the scientific side, as well as on the environmental protection side.

So we’re going to be discussing that in different forums throughout the visit. Thanks.

Q Christina Anderson, (inaudible) News. So, I’m interested in some details about the MOU on the space cooperation. And also whether there will be any formal cooperation discussed on the military side, in terms of space defense. And so those are the main questions. Thank you. Thank you for the call.

SENIOR ADMINISTRATION OFFICIAL: Sure. Sure. On the space side, I just would highlight that, you know, for years, the Australian Space Agency and NASA have had — it’s been an incredibly cooperative relationship going back to the Apollo program into the moon landing. And what we’re trying to do in this visit is to expand that longstanding cooperation into the next frontiers — the Moon and Mars. And I think what you’ll see is we’re going to have some proposals on the table that will further integrate Australia and the United States into conquering those new frontiers.

Q Hello, my name is Stephanie from Intelligent Luxury. My question is, how can U.S. companies increase tourism to Australia and conduct business with Australia’s government and businesses?

SENIOR ADMINISTRATION OFFICIAL: So you know, the U.S.-Australia relationship on the economic side is extraordinarily diverse and robust. And what we have — as I mentioned earlier, from a trade standpoint, we have a great surplus in both services and goods.

The President’s trip to Ohio is going to be — with the Prime Minister — is going to be highlighting the foreign direct investment side in the United States. And American companies are already significant investors in Australia. We have every expectation that it’s going to continue and to grow. And it’s really — I think one of the highlights of this whole state visit is going to be just the close economic cooperation between us and how we expect that to only continue.

SENIOR ADMINISTRATION OFFICIAL: And we’ll take one more question, please.

SENIOR ADMINISTRATION OFFICIAL: Hi, this is Alex Alper with Reuters. I was wondering if you could give a bit more detail on the plan to boost sharing on (inaudible) — I’m sorry — on rare earth. Is it going to entail a facility to process rare earth metals? Can you give any other detail? And will it be an EO or some other type of document? Thank you.

SENIOR ADMINISTRATION OFFICIAL: Yeah, so I think the key takeaway from that is, kind of, what our joint objectives are. We share a concern about making sure that our supply of rare earth and critical minerals are secure. That’s something that both countries have a very, very pronounced interest in.

We also have a concern about — we also have — I think both countries share an interest in making sure that global supply of rare earth is stable and secure. So, looking at different ways in which we can pool our expertise and our resources to make sure that there’s a stable and secure global market that’s not easily disrupted by shocks and outside influences.

So, that’s where we are with the rare earths and I think that’s going to be an important outcome from the visit. Thanks.  [Briefing Concludes]

President Donald Trump and First Lady Melania – April, 2018

Federal Judge Morrison England from the U.S. District Court in Sacramento, California, has blocked the implementation of a California law intended to force President Trump to release his tax returns in order to qualify for the federal election ballot.

The judge agreed with the argument the U.S. constitution and federal law outlines the qualifications for office.  The California law is suspended pending appeal.

California – A federal judge on Thursday temporarily suspended a California law aimed at forcing President Donald Trump to release tax returns ahead of the state’s March 3, 2020 primary.

Trump’s lawyers argued in court Thursday in the U.S. District Court in Sacramento that the law was unconstitutional because the federal government has jurisdiction over requirements for candidates running for president.

State attorneys are expected to appeal the decision from Judge Morrison England. Gov. Gavin Newsom signed the law in July. “We are encouraged that the federal court has tentatively concluded that a preliminary injunction should be granted,” said a statement from Jay Sekulow, an attorney representing the Trump campaign. “We look forward to the court’s written order. It remains our position that the law is unconstitutional because states are not permitted to add additional requirements for candidates for president, and that the law violated citizens’ 1st Amendment right of association.”  (read more)

Michael Pillsbury traveled to Hong Kong recently to help explain the goals and objectives of President Trump’s U.S-China trade position.  During an interview, Mr. Pillsbury warns Beijing interests not to interpret the current U.S. position as aggressive, because the dragon has yet to see the severe side to Trump’s position.

During an interview with the South China Morning Post, Pillsbury points out there are a great many more ways that President Trump is prepared to respond if the combative trade position from China remains hostile to any concessions.  This first option was their best option.  However, should they choose further trade conflict, President Trump will happily oblige.

CTH research on Trump’s outlook, vis-a-vis China, has led us to believe there is no upper limit to the economic weapons President Trump is willing to deploy; and considering that Pillsbury can be relied upon to deliver honest, accurate and deliberate remarks about the White House position, these warnings from a close advisor to the President should be weighted accordingly.

(South China Morning Post) – The United States is set to ramp up the pressure on China if a trade deal is not agreed soon, a key White House adviser said, adding that Washington has so far imposed only “low level tariffs” on the Asian giant.

Described by US President Donald Trump as “the leading authority on China”, Michael Pillsbury said in an interview in Hong Kong on Thursday that Trump had been “remarkably restrained in the pressure he has brought to bear on China in the trade field”.

“Does the president have options to escalate the trade war? Yes, the tariffs can be raised higher. These are low level tariffs that could go to 50 per cent or 100 per cent,” he said, adding that Trump’s critics were wrong to assume the president was “just bluffing” when he threatened an all-out trade war.

“There are other options involving the financial markets, Wall Street, you know, the president has a whole range of options,” he said.

[…] “I believe President Trump uses social media, especially on China, to convey his thinking. So I reject the idea that I or anyone else is some kind of adviser to him on China,” he said.

“His focus is revealed frequently in the tweets that I think everybody should take very seriously as presidential statements.” (read more)

President Trump has been brutally consistent for more than three decades on his intent and purpose with the Chinese.

President Trump is the first U.S. President to understand how the red dragon hides behind the panda mask.

There is no doubt in my mind that President Trump has a very well thought out long-term strategy regarding China. President Trump takes strategic messaging toward the people of china very importantly.

President Trump has, very publicly, complimented the friendship he feels toward President Xi Jinping; and praises Chairman Xi for his character, strength and purposeful leadership.

Historic Chinese geopolitical policy, vis-a-vis their totalitarian control over political sentiment (action) and diplomacy through silence, is evident in the strategic use of the space between carefully chosen words, not just the words themselves.

Each time China takes aggressive action (red dragon) China projects a panda face through silence and non-response to opinion of that action;…. and the action continues. The red dragon has a tendency to say one necessary thing publicly, while manipulating another necessary thing privately.  The Art of War.

President Trump is the first U.S. President to understand how the red dragon hides behind the panda mask.

It is specifically because he understands that Panda is a mask that President Trump messages warmth toward the Chinese people, and pours vociferous praise upon Xi Jinping, while simultaneously confronting the geopolitical doctrine of the Xi regime.

In essence Trump is mirroring the behavior of China while confronting their economic duplicity.

Additionally, while carrying out the objectives of the confrontation, Secretary Mnuchin, Secretary Ross, Ambassador Lighthizer and adviser Navarro are well aware of Beijing’s panda mask; POTUS Trump will never let them forget about it.

President Trump will not back down from his position; the U.S. holds all of the leverage and the issue must be addressed.  President Trump has waiting three decades for this moment.  This President and his team are entirely prepared for this.

We are finally confronting the geopolitical Red Dragon, China!

Some call it ‘Globalism vs Nationalism’, at other times it is best described as “Wall Street -vs- Main Street”; however, the overarching bigger picture is a battle over economics and the financial power structures that oppose President Trump.

CTH has often said ‘everything is about the economics’, because it is. Ask the ‘why’ question five times to any issue and you will find the root issue is money.  Power, greed and control, it is all about the money and the economics.

Opposition to President Trump’s singularly unique and transformational reset of the U.S. economic system boils down to a battle against the ‘Big Club’.

The process of U.S. Agriculture multinationals charging the U.S. consumer more for a product, that under normal national market conditions would cost less, is a process called exfiltration of wealth.

It is never discussed.

To control the market price some contracted product may even be secured and shipped with the intent to allow it to sit idle (or rot). It’s all about controlling the price and maximizing the profit equation. To gain the same $1 profit a widget multinational might have to sell 20 widgets in El-Salvador (.25¢ each), or two widgets in the U.S. ($2.50/each).

Think of the process like the historic reference of OPEC (Oil Producing Economic Countries). Only in the modern era massive multinational corporations are playing the role of OPEC and it’s not oil being controlled, it’s almost everything, including food.

Yes, President Trump, the man and his policy team, is an existential threat to the elitist hierarchy of things well beyond the borders of the DC Swamp. In the era of explaining the complex it’s a planetary economic reset almost too massive and consequential to encapsulate in words.

There are massive international corporate and financial interests who are inherently at risk from President Trump’s “America-First” economic and trade platform. Believe it or not, President Trump is up against an entire world economic establishment.

President Trump has single-handily, and purposefully, stalled the global economy and is forcing massive amounts of wealth back into the United States. In essence Titan Trump is engaged in a process of: (a) repatriating wealth (trade policy); (b) blocking exfiltration (main street policy); (c) creating new and modern economic alliances based on reciprocity; and (d) dismantling the post WWII Marshall plan for global trade and one-way tariffs.

Every minute element within this process, no matter how seemingly small, has President Trump’s full attention. He has assignments to many, but he relies upon none.

They say he’s one man. They say they have him outnumbered. Yet somehow, as unreal as it seems, he’s the one who appears to have them surrounded.

And they are beginning to realize he will win!

Fox News host Maria Bartiromo had Kevin McCarthy and Larry Kudlow on Fox Business to discuss the status of ratification for the USMCA agreement.   After McCarthy outlines the politics of Nancy Pelosi intentionally holding back the ratification vote, and states if the agreement is not passed prior to Thanksgiving it will not be done, Larry Kudlow follows up with a more optimistic outlook.

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Keep in mind, Speaker Pelosi doesn’t know that close trade followers are aware of her dealwith Justin Trudeau to hold back on ratification in an blatantly political effort. Here’s Kevin McCarthy’s full interview.

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The bottom line is that Nancy Pelosi is waiting and hoping to see the outcome of the Canadian election on October 21st. If Justin Trudeau loses the election in Canada there will be massive pressure on Pelosi.

As we previously pointed out, the October 21st election in Canada will be an influence.

Justin Trudeau made an agreement with Pelosi to stop the Canadian Parliament from considering ratification. If Trudeau loses the election October 21st, his replacement will likely move more quickly to ratify the USMCA, this will be a defeat for Pelosi.  However, if Trudeau wins, he will help keep the pressure off Pelosi by simultaneously stalling ratification in Canada.

This dynamic has yet to play out.

The U.S. multinationals on Wall Street do not want the USMCA to pass because they don’t want President Trump to have leverage that allows him to continue the fight against China and the EU. It is a simple dynamic, USMCA ratification makes the Wall Street prior investments in China worth less.

In all of these efforts U.S. multinational corporations, big companies on Wall St, are heavily opposed to President Trump because they have invested in those overseas operations. Those companies facilitated the loss of U.S. manufacturing jobs.

There is also now a clear alignment between those Wall Street multinationals, and democrats like Nancy Pelosi. Wall Street’s ability to pay Pelosi and political leadership to protect their multinational interests; in combination with corporate promises of funding to Pelosi’s party; has created the unholy alliance of united interests.

That’s why Nancy Pelosi instructed Justin Trudeau to stall the Canadian ratification of the USMCA. That’s the motive behind why Pelosi is working to stall, perhaps even eliminate, the USMCA ratification in the House.

It is a political strategy and calculation for Speaker Nancy Pelosi, and Minority Leader Chuck Schumer to attempt to sink the U.S. Main Street economy. Weakening Trump’s China confrontation; blocking the USMCA; and impeding a trade agreement between the U.S. and U.K. are part of that calculation.

The aligned interests of Wall Street, media pundits and Democrats are all contingent upon harming the U.S. economy. That is how severely ideological modern democrats are.

The democrats are willing to destroy Main Street in order to retain power.

There are trillions at stake.

Promises made – Promises Kept…

President Donald Trump delivers remarks to the media today while touring border wall construction in Otay Mesa, California.   As a builder himself, the president outlined some of the more particular details of the construction project including the difference between compressive strength and tensile strength of 5,000/lb concrete.  There is apparently some additional aspects to the wall that are kept secret (they’re wired for sound).

The President was briefed on the project by Douglas Harrison (Acting San Diego Sector Chief Patrol Agent, United States Customs & Border Protection); Kathleen Scudder (San Diego Sector Deputy Chief Patrol Agent, United States Customs & Border Protection); Scott Garrett (San Diego Sector Division Chief, United States Customs & Border Protection); James O’Loughlin (Border Wall Program Lead, Emergency Action Programs, Department of Defense), and various local officials.

[Video Below, Transcript Will Follow]

Chopper pressers are the best pressers; even when they are from the tarmac at LAX in California.  Moments ago President Donald Trump talked to the press pool with his newly named national security adviser, Robert O’Brien.  [Video below Transcript ADDED]

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[Transcript] – THE PRESIDENT: Thank you very much. We’re with Robert O’Brien, who, as you know, is the new National Security Advisor. He’s worked with me for quite a while now on hostages, and we’ve had a tremendous track record with respect to hostages. Robert can tell you about it.

But we brought a lot of people back home and we haven’t spent any money. So, that’s good, because you can’t do the money thing. If you do the money thing, all of a sudden it will double and triple and quadruple. You’ll say, “What’s going on?”

So, Robert has been fantastic. We know each other well. And maybe, Robert, say a few words. Please.

AMBASSADOR O’BRIEN: Great. Thank you. Look, it’s a privilege to serve with the President and to — and we look forward to another year and a half of peace through strength. We’ve had tremendous foreign policy successes under President Trump’s leadership. I expect those to continue.

We’ve got a number of challenges, but there’s a great team in place with Secretary Pompeo and Secretary Esper, Secretary Mnuchin, and others. And I look forward to working with them and working with the President to keep America safe and continue to rebuild our military and really get us back to a peace-through-strength posture that will keep the American people safe from the many challenges around the world today.

Q Mr. O’Brien, what advice do you have for the President about the situation in Saudi Arabia and any possible military strike on Iran?

AMBASSADOR O’BRIEN: Yeah, so we’re looking at those issues now and getting briefed up. And I think Secretary Pompeo is in Saudi Arabia now or is just coming home. And any advice that I give the President will be something I give him confidentially. But we’re monitoring that situation closely.

Q And, Mr. President, any update on your thinking?

THE PRESIDENT: Yeah, I have nothing to report yet. We’ll probably be speaking to you tomorrow, maybe the next day. But nothing to report. But it hasn’t changed very much. I think my thinking pretty much remains the same. And we haven’t learned much that we didn’t know. But there is — there is a certain — a guarantee factor. We’re really at a point now where we know very much what happened.

Yes.

Q Lindsey Graham said sanctions aren’t enough. Will you do more on Iran?

THE PRESIDENT: We’ll see what happens. We’ll see. You’ll watch.

Peter.

Q Mr. President, should Rouhani come to New York next week?

THE PRESIDENT: Excuse me?

Q Should President Rouhani come to New York next week for (inaudible)?

THE PRESIDENT: I really don’t know. I really don’t know. That’s up to him. I mean, I’m — it’s not up to me. It’s up to him. We’ll see what happens.

Q (Inaudible) visas from Iranians to come?

THE PRESIDENT: Well, we’re going to see what happens. I would let them come. If it was up to me, I would let them come.

I’ve always felt the United Nations is very important. I think it’s got tremendous potential. I don’t think it’s ever lived up to the potential it has, but I would certainly not want to keep people out if they want to come. So, that would be up to them.

Q (Inaudible) Senator Graham, who said that the failure to strike Iran this summer was a sign of — taken by Iran as a sign of weakness?

THE PRESIDENT: No, I actually think it’s a sign of strength. We have the strongest military in the world now. And I think it’s a great sign of strength. It’s very easy to attack.

But if you ask Lindsey, ask him: How did going into the Middle East — how did that work out? And how did going in Iraq work out?

So, we have a disagreement on that. And, you know, there’s plenty of time to do some dastardly things. It’s very easy to start. And we’ll see what happens. We’ll see what happens.

I think we have a lot of good capital. If we have to do something, we’ll do it without hesitation.

Q Mr. President, do you agree with the Secretary — Mr. Pompeo — that the attacks in Saudi were an “act of war”? And if so, what’s the response on the U.S. end?

THE PRESIDENT: He just came out with a statement. He spoke to me a little while ago. And we’ll have an announcement. Okay?

Q What does Mr. O’Brien bring to the table that you were looking for that maybe you didn’t get through Mr. Bolton?

THE PRESIDENT: It’s very interesting. Mr. O’Brien is highly respected. He was highly respected by so many people that I didn’t even know really knew him. He did a tremendous job on hostage negotiation — really tremendous, like unparalleled. We’ve had tremendous success in that regard. Brought home many people. And through hostage negotiation, I got to know him very well myself. But also, a lot of people that I respect rated him as their absolute, number-one choice.

So, you know, I think we have a very good chemistry together, and I think we’re going to have a great relationship. He is a very talented man.

Q Mr. President, would you raise more sanctions on Iran today?

THE PRESIDENT: I did.

Q Would you announce more sanctions on Iran? What will they include?

THE PRESIDENT: We’ll be adding some very significant sanctions onto Iran.

Q And what will they include, sir?

THE PRESIDENT: We’ll be announcing it over the next 48 hours.

Q And you said that there will be a further announcement on Iran. Are you looking at a military strike?

THE PRESIDENT: We’ll see what happens.

Q What are the options, Mr. President, that you’re considering? You just said that there were some very bad things you’re thinking about.

THE PRESIDENT: Well, there are many options, as you know, Phil. There are many options. And there’s the ultimate option, and there are options that are a lot less than that. And we’ll see. We’re in a very powerful position. Right now, we’re in a very, very powerful position.

Q When you say “the ultimate option,” are you talking about a nuclear strike?

THE PRESIDENT: No, I’m saying “the ultimate option,” meaning go in — war. No, I’m not talking about — I’m not talking about that ultimate option. No.

Q Okay.

THE PRESIDENT: Right?

Q How do you see the role of National Security Advisor changing with Mr. O’Brien?

THE PRESIDENT: I think it’s a very important role. It’s really a role that, if the President respects the person that’s the advisor, I think it really plays a very, very important role.

Okay? Thank you. Peter, thank you.

Q You’re heading to the border today?

THE PRESIDENT: We’re going to the border later. Are you all with me?

Q Yes.

THE PRESIDENT: We’re going to show you a lot of wall. We’re building a lot of wall. We won the big case and a couple of other cases, as you know. We’re building a lot of wall.

So, we’ll be talking. We’ll be talking to you later on. Okay?

Q Have you spoken to Netanyahu?

THE PRESIDENT: I have not. Those results are coming in, and it’s very close. Do you have any updates? Any updates? Because you people usually should know before the President, right?

Q Are you suspicious at all about the results?

THE PRESIDENT: No, I’m not. No, I’m not. Everybody knew it was going to be very close, and we’ll see what happens. And, look, our relationship is with Israel. We’ll see what happens.

Thank you. Thank you everybody.

END 10:41 A.M. PDT

Housing starts (and permits) have been a long-term key performance indicator for the economic stability and strength of Main Street USA for generations. Across all key metrics, the economics of middle-class America is defined by confidence in housing. A strong housing market reflects worker/purchaser confidence in their economic position.

The U.S. Commerce Department reports today that U.S. housing starts and permits has reached a 12-year-high. [data here] This is a key point because it cuts to the heart of the difference between a thriving Main Street economy and the disconnect surrounding issues with Wall Street (multinational) financial markets.

WASHINGTON (Reuters) – U.S. homebuilding surged to more than a 12-year high in August as both single- and multi-family housing construction accelerated, suggesting that lower mortgage rates were finally providing a boost to the struggling housing market.

The report from the Commerce Department on Wednesday also showed permits for future home construction rose to levels last seen in 2007. Housing and manufacturing have been the weak spots in the economy, which is now in its 11th year of expansion, the longest in history.

The jump in home-building activity last month added to strong retail sales data in suggesting the economy continues to grow moderately and is probably not flirting with a recession as has been flagged by financial markets. (read more)

Housing lags behind other jumps in retail sales because housing is the biggest financial commitment made by U.S. workers.  A new home purchase, first purchase or upgrade, is the biggest decision for most American workers and families.   Since President Trump took office wages and worker benefits have increased substantially; more than a million people have now moved into the middle-class.

Again, for emphasis, there are two distinct economic metrics that are disconnected and intentionally conflated by Wall Street pundits, financial media and political opportunists therein who speak through the prism of economics.   The Main Street economy is thriving; the Wall Street financial economy -heavily influenced by multinational investment- is not thriving.

The two economic engines (Wall St. -vs- Main St.) were decoupled by corporate political influence, over U.S. economic policy, 30-years ago.  Wall Street is a paper financial market influenced by U.S. multinational interests.  Main Street is a blue-collar market influenced by the internal strength of the U.S. consumer, workers, wages and internal U.S. dynamics.

President Trump’s MAGAnomic policy is structured to the benefit of Main Street.  Real investment by domestic companies providing American jobs taking place inside the U.S.  The results of focusing on America First, generates more domestic jobs, a larger demand for U.S. workers, pressure on higher wages & subsequent increased consumer spending.   Homes and home purchases are an outcome of that internal economic strength.

The global market can, and likely will, retract.  The gains or losses of investment markets are not necessarily attached to Main Street outcomes. Wall Street overseas investments have less value when economic policy directs majority benefit to Main Street.  However, isolated from the external investment issue, the U.S. Main Street economy can simultaneously thrive due to growth internally within the domestic U.S. economy.

Robert C O’Brien (pictured left) is currently the State Department’s special presidential envoy for hostage affairs.  A founding partner of the Los Angeles-based law firm Larson O’Brien.

NYT – Mr. O’Brien served with Mr. Bolton when he was President George W. Bush’s ambassador to the United Nations and has advised Republican candidates like Mitt Romney, Scott Walker and Ted Cruz. In both the Bush and Obama administrations, Mr. O’Brien worked on an initiative to train lawyers and judges in Afghanistan.  (link)

People describe O’Brien as similar to his friend John Bolton without the virulent twitchy trigger finger. In his capacity as special envoy for hostage affairs, O’Brien wrote a letter to Swedish prosecutors urging them to release A$AP Rocky.  According to CBS O’Brien’s work “on Rocky’s case endeared him to Jared Kushner, the president’s son-in-law and one of his top advisers.”

CBS’s Margaret Brennan gives a good outline here: