Today at approximately 4:20pm ET, President Trump is scheduled to deliver remarks in Midland, TX, on the topic of restoring energy dominance in the Permian Basin. [Livestream Links Below]
White House Livestream – RSBN Livestream Link – Alternate Livestream Link
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DOJ Spokesperson Kerri Kupec appears for a brief interview with Sean Hannity to recap events of the day and obliquely outline the status of several forward-leaning investigations. There’s a major *tell* in this interview for those who have followed carefully. [At 02:51] context for: “proceedings”….
Again, be of good cheer. Do not trouble yourself with dark imaginings; the key for reaching the righteous objective was DOJ recognition/understanding of public knowledge. Information without action is antithetical to its objective.
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Kupec is solid. There are good people working through a delicate balance.
Don’t be mad, it’s just a random screengrab. 🙂
Not sure if this will start on time… President Trump has a 5:00p ET press conference scheduled for today. Livestream links below:
WH Livestream Link – Fox News Livestream – Alternate Livestream
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Earlier today White House Trade and Manufacturing Advisor Peter Navarro discussed an initiative to lunch a new program spearheading new critical supply chains. The goal is to return manufacturing of pharmaceuticals, medicines and equipment back to America.
The White House provided the following outline:
SUPPORTING AMERICAN SUPPLY CHAINS: The Trump Administration is signing a Letter of Interest in support of a deal that will help ensure essential medicines are produced in America.
* The Trump Administration is signing a Letter of Interest supporting a deal to transform Kodak into a pharmaceutical company that can help produce essential medicines in the United States.
* When the deal is final, the CEO of the U.S. International Development Finance Corporation (DFC) will use his delegated Defense Production Act (DPA) loan authority to provide a $765 million loan to launch Kodak Pharmaceuticals, which will create at least 360 jobs.
* With this loan, the company can build the capacity to produce essential medicines that have lapsed into chronic national shortage.
+ Once fully operational, Kodak will have the capacity to produce 25% of the generic active pharmaceutical ingredients necessary for all non-biologic and non-antibacterial pharmaceuticals used in the United States.
* Kodak will work with the Administration and drug product manufacturers to identify the products that are most needed to meet national security requirements.
INVESTING IN CRITICAL INDUSTRY: President Trump has taken bold action to ensure that Americans are no longer reliant on foreign countries for critical, generic medications.
* President Trump is working to ensure that America produces the critical goods necessary to combat COVID-19 here at home.
* Thanks to President Trump’s actions, the CEO of the DFC—formerly the Overseas Private Investment Corporation—is now using DPA loan authority delegated by the President to invest in America in addition to its work overseas.
* DFC is working with the private sector to address critical issues facing our Nation, particularly the issue of how we can bring pharmaceutical manufacturing back to the United States.
+ Only a small proportion of generic active pharmaceutical ingredients are actually manufactured in the United States, and the majority come from India and China.
* American reliance on foreign countries for critical, generic drugs is not sustainable and leaves the American people incredibly vulnerable.
* President Trump’s actions reflect his commitment to ending America’s dangerous reliance on foreign countries for vital drugs.
LEVERAGING THE PRIVATE SECTOR: President Trump has leveraged the power of the private sector to fight COVID-19 and provide Americans with the resources they need.
* President Trump has effectively leveraged the DPA to mobilize the private sector and secure massive amounts of personal protective equipment and ventilators.
* The Administration has taken 33 DPA actions totaling almost $3.2 billion to provide critical support for essential medical resources and our defense industrial base.
* The President has used the DPA to contract with companies like General Electric, Honeywell, Puritan, and 3M to ramp up production of ventilators, swabs, and masks.
* The Trump Administration has partnered with the private sector to speed vaccine and therapeutic research, while preparing for the mass production of a safe, effective vaccine.
Relaxed, humorous and interesting interview between Barstool Sports Dave Portnoy, and President Donald Trump WATCH:
Well done Team U.S.A.
This is a very significant trade development as it is the culmination of a lot background work and a trilateral trade alliance based on economic nationalism. The U.S, Japan and India have been working on the Indo-Pacific trade reset for several years.
Prime Minister Shinzo Abe and President Trump already sealed their component. Now it appears India and the U.S. have reached terms. Very important. First, the report:
NEW DELHI (Reuters) – India and the United States are closing in on a trade deal, India’s Commerce Minister Piyush Goyal said on Tuesday, after two years of negotiations.
“In the long term, I believe we have a quick trade deal which has some of the pending matters built up over the last couple of years, which we need to get out of the way quickly. We are almost there,” Goyal said at the U.S.-India Business Council’s India Ideas Summit, being conducted virtually.
Both New Delhi and Washington should also look at a preferential trade pact with 50 to 100 products and move to a free trade pact in the long term, Goyal said. (read more)
As we noted in October 2019: In the bigger picture… Within the trade team, Commerce Secretary Wilbur Ross was positioned with primary responsibility toward the EU and India. Ross clear-cuts through the politics, explains Trump’s objectives amid the trade proposals, and paves a path for U.S. Trade Rep Bob Lighthizer to engage his counterparts.
India has always been a key strategic nation within the global trade-realignment taking place by the Trump administration. Underpinning the geopolitics, the “Indo-Pacific” strategy is structurally the decoupling of the U.S. from China.
As a part of the strategy President Trump positioned the ASEAN (Association of Southeast Asian Nations) as benefactors in manufacturing & trade as an outcome of the U.S. decoupling from China.
However, India had genuine concerns about the global dynamic. Specifically, India is worried about allowing the multinationals to have influence over their economy and social structure. In this regard India was not wrong; their concerns were not unfounded.
We can all see, heck we’ve lived through, massive multinational corporations quickly gaining too much influence; including -eventually- corporate influence over the politics of a nation. That corporatism inherently leads to corruption.
When Americans see it in other nations we call it “bribery and corruption”, but when it happens in Washington, DC, we call it “lobbying”; the process is exactly the same.
As a consequence of the concern, Indian Prime Minister Modi was straddling the fence while President Trump tried to influence him to come over to the side of ‘free markets’.
In an effort to dissuade the corrupt multinational concerns of Modi (and Trump clearly indicated he did see validity within the concern), President Trump used Japanese Prime Minister Shinzo Abe as an example of what can be possible with economic nationalism.
President Trump (USA), Prime Minister Abe (Japan) and Prime Minister Modi (India) have held several very unusual trilateral discussions as this dynamic has played out over the past three years. The concerns expressed by India were valid; however, so too is the opportunity… that’s where Secretary Wilbur Ross comes in:
India and the United States have spoken openly about the ups and downs of their current trade negotiations. Their discussion at the 2019 Forum’s India Economic Summit revealed new insights into both sides positions – and a key sticking point.
US secretary of commerce Wilbur Ross and Indian Minister for commerce, industry and railways, Piyush Goyal represented the US and India, respectively. WATCH:
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Prime Minister Modi, as represented by Minister Goyal, was concerned about the influences that comes with allowing massive foreign investment. Secretary Wilbur Ross never diminished the concern because structurally that negative outcome, an outcome of corporate influence, is exactly what President Trump is now trying to untangle in the U.S. economy.
If President Trump is successful a new era of national trade will be based on genuine reciprocity and economic nationalism. Prior decades of allowing corrupt multinational corporate influence have created massive social inequities.
These inequities, both domestic and global in nature; driven almost exclusively by corporate greed to the benefit of multinational interests; allowed China to strategically step-in, open their doors and take advantage.
Fast forward to the past ten years and China is holding their national interests -and grip over prior investment- like a ‘sword of Damocles’ over the heads of the global corporations. As President Trump has said: “I don’t blame China … I blame stupid politicians”. The COVID-19 crisis made the issues even more visible.
In many ways President Trump was asking Prime Minister Modi to join in a network of nations and help the U.S. correct the current issue that personifies what Modi was worried about happening to India in the future.
Lastly, and here’s the important part; this is the part the global financial media seem to miss…. When you look at all of this ancillary geopolitical activity taking place toward the objective; you see it is all connected to a singular goal…. President Trump was never negotiating a “deal” with China, he was strategically decoupling the U.S. from China.
If Trump wasn’t decoupling from China, then all of these conversations with Mexico, Canada, the U.K., Japan, South Korea, Vietnam, Indonesia, Australia, Brazil and India would not be taking place in the clear manner and sequencing we have seen.
For some reason the global financial media cannot see the connective tissue between Wilbur Ross’s statements in India and the U.S. policy toward China.
“There are trillions at stake”…
Earlier today White House Press Secretary Kayleigh McEnany, the best ever, held a press briefing from the Brady room. [Video below, transcript will follow]
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Al Jazeera White House correspondent Kimberly Halkett is back pushing the Russia interference narrative; the media suites appear to be positioning ahead of Durham. Goal = justification retention.
COMMENT: Mr. Armstrong; Socrates deserves a Nobel Prize for it is the only thing to forecast so many trends correctly. Now the news is that Trump may not accept the election results. I have followed you for years. You are certainly not one of these people who make one forecast and run ads as the guy who forecasts something once so listen to him. I do hope you can bring this public. We really need to preserve the ability of Socrates to make these forecasts tp preserve our future.
JW
REPLY: This election is a mess. The Democrats are in an all-out war to get rid of Trump to usher in this global Socialist agenda because everything is collapsing. They have promised states that if they maintain lockdowns to overthrow Trump, they will bail them out since they will lose nearly one year’s worth of tax revenue. Allowing voting without photo ID when you cannot get on a plane without one is the ultimate corruption, right in your face.
NEITHER side will accept the election result. There is a very STRONG possibility this entire mess ends up in the Supreme Court. These tweaks to the election rules instigated by the Democrats are all designed to further civil unrest, for they know Joe Biden is incompetent and this is all about bailing out socialism and to restrict capitalism exempting only the super-rich who bribe them for special status. So this will put a cloud over the election just to disrupt the country again.
This Private Wave began 1985.65. Trump was elected in 2016 which came in 31.4 years (Pi) into this wave which was 2017.05 (Jan 19th, 2017). Trump was sworn on January 20, 2017, at 12:00 PM EST. The turning point 2015.75 marked the peak in government confidence and negative interest rates were ushered in which has destroyed the bond markets outside the USA with artificial interest rates.
By 2019.65 (August 27) the Repo Crisis began with the peak in the Russel 2000 which is the broad perspective of the stock market 34 years into this wave. Then the reaction rally came precisely in line with the Economic Confidence Model, which turned January 18, 2020 (2020.05). Now there remains a risk that even elections will cease to exist post-2024. Chaos begins in 2022 and Authoritarianism rises 2028.65.
As far as going public, I want to do that but I am still looking for someone interested in the project and willing to bring management skills. I do not want to run the operation. To survive long-term, I must be eventually replaced.
More this. Something has shifted in the universe of Congressman Doug Collins turning him into a happy warrior for the truth. Imagine that. Smiling Doug tells Lou Dobbs “he believes” there will be justice; “he believes” there will be indictments.
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A funny thing happens when you remove the options; the path narrows…
Be of good cheer and live your best life. You deserve it.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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