Today President Trump is traveling to White Sulphur Springs, West Virginia, to deliver remarks at a tax reform meeting and roundtable. The President is anticipated to deliver remarks to the audience at approximately 2:25pm EST:
Today President Donald Trump signed a proclamation directing the National Guard to be deployed to the U.S.-Mexico border. Earlier today DHS Secretary Kirstjen Nielsen explained the process:
In a memorandum to Defense Secretary Mattis, Homeland Security Secretary Nielsen and Attorney General Jeff Sessions, President Trump states the “situation at the border has now reached a point of crisis.” The document orders the Secretary of Defense to support the Department of Homeland Security in securing the southern border to stop the flow of drugs and people.
FROM THE WHITE HOUSE – WHAT: President Donald J. Trump is authorizing the deployment of the National Guard to support the Border Patrol in its mission to protect our country and stop the stream of illegal immigration.
To give our Border Patrol agents the support they deserve, President Trump is authorizing the deployment of National Guard units to the southern border to aid their mission.
America’s Border Patrol agents work incredibly hard to do their jobs of enforcing our Nation’s immigration laws and protecting our national security. These law enforcement personnel are tasked with securing thousands of miles of border, however, and often do not have the manpower or resources necessary to stem the tide of illegal immigration into the United States.
Given the importance of secure borders to our national security, the National Guard, in coordination with governors, will remain in a support role until Congress takes the action necessary to close the loopholes undermining our border security efforts, including ending the practice of Catch and Release.
This is not the first time in recent history that the National Guard has been deployed to the southern border. In 2012, President Barack Obama authorized the deployment of guardsmen to the border. President George W. Bush also authorized deployment of 6,000 guardsmen to the border as a part of Operation Jump Start, assisting in operations which resulted in the arrest of more than 173,000 illegal aliens, the rescue of 100 persons, and the seizure of more than 300,000 pounds of drugs.
WHY: The President is taking action to protect America’s national security because congressional Democrats have obstructed efforts to secure our border.
Throughout his campaign and Administration, President Trump has called for greater resources and legal authorities to end the national security threat posed by our porous borders. The President has repeatedly outlined a series of steps that are crucial to fixing this problem, including funding to build a wall securing our southern border; greater resources for manpower and security technology; and the closure of legal loopholes that allow illegal immigration to flourish.
More than a thousand people a day and more than 300,000 a year violate our sovereignty by illegally crossing the border. With our current laws and resources, we cannot stop illegal aliens from crossing the border or remove all of the illegal aliens we catch. Of the over 75,000 family units apprehended in FY 2017, only 2,605 were removed.
Stonewalling by Members of Congress, however, has prevented our dedicated Border Patrol agents from getting the resources they so desperately need. Inaction has left glaring loopholes open and crucial legal authorities unauthorized, so the President is taking action and using his existing powers to fill these gaps. (WH Link)
Neil Cavuto is the defender of multinational Wall Street interests. Cavuto’s boss, Rupert Murdoch has a well known insider nickname: “Mr. Wall Street”… The Murdoch operations (Fox News and Wall Street Journal among them) are ideological advocates for multinational corporations and historic globalist trade practices; to the detriment of the U.S. middle-class. Cavuto and Murdoch are aligned with U.S. Chamber of Commerce President, Tom Donohue, in all things related to Big Multinational Trade.
In this interview there is a very apropos example of the twisted disconnect evident in the multinational corporate media perspective. Please watch the part that begins around 04:55 and listen closely to Cavuto:
…”and we’re really seeing the effect on the folks who have to pay the bills for this sort of thing … we’re already seeing soybean prices coming down; we’re seeing pork related prices coming down … folks are taking it on the chin, what are you telling them?”… etc.
There it is. Did you catch it?
In discussing futures Cavuto sounds the alarm for “Soybean prices coming down.” “Pork prices coming down”; and “the folks “taking it on the chin.”
Now, think. What Neil Cavuto is saying is that U.S. food futures prices are forecast to come down. In that scenario who exactly is taking it on the chin?
Who is it that Neil Cavuto sees losing out in his position? It’s not the family going to the grocery store… they will see lower prices… so who are these “folks” losing out?
There it is.
Right there.
It’s easy to miss the gaslighting because it is so commonplace. Cavuto doesn’t even see himself doing it.
This is the twisted and controlled market being discussed.
Neil Cavuto is not calling for ‘free markets’, he is advocating for ‘controlled markets’, and his anxiety is because the “folks” he references as “losers” are the Multinational Corporations and Big-AG who control the Pork and Soybean market.
Cavuto’s ‘consumers’, those he is advocating for, are Archer Daniels Midland (ADM), Monsanto, Cargill, Unilever, Nestle’ and ConAgra. Those are the names of Cavuto’s folks that he sees as “taking it on the chin.” He is NOT, repeat NOT, talking about people who shop at supermarkets and grocery stores, ie. the middle-class.
I cannot emphasize this enough… once you know how to spot this economic disconnect in the arguments by advocates for multinational corporations you can never go back to a time when you don’t see it.
This is the most important economic lesson that most Americans simply do not comprehend. We are in an abusive relationship, and most U.S. consumers don’t even know about it.
If the U.S. were to exit NAFTA (North American Free Trade Agreement), the price you pay for most foodstuff at the grocery store would drop 10% in the first quarter and likely drop 20% or more by the end of the first year. Here’s why:
Approximately a decade ago the U.S. Dept of Agriculture stopped using U.S. consumer food prices within the reported CORE measures of inflation. The food sector joined the ranks of fuel and energy prices in no longer being measured to track core inflation and backdrop Fed monetary policy. Not coincidentally this was simultaneous to U.S. consumers seeing massive inflation in the same highly consumable sector.
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.
When you understand how trade works in the modern era you will understand why the agents within the system are so adamantly opposed to U.S. President Trump.
The biggest lie in modern economics, willingly spread and maintained by corporate media, is that a system of global markets still exists.
It doesn’t.
Every element of global economic trade is controlled and exploited by massive institutions, multinational banks and multinational corporations. Institutions like the World Trade Organization (WTO) and World Bank control trillions of dollars in economic activity. Underneath that economic activity there are people who hold the reigns of power over the outcomes. These individuals and groups are the stakeholders in direct opposition to principles of America-First national economics.
The modern financial constructs of these entities have been established over the course of the past three decades. When you understand how they manipulate the economic system of individual nations you begin to understand understand why they are so fundamentally opposed to President Trump.
In the Western World, separate from communist control perspectives (ie. China), “Global markets” are a modern myth; nothing more than a talking point meant to keep people satiated with sound bites they might find familiar. Global markets have been destroyed over the past three decades by multinational corporations who control the products formerly contained within global markets.
The same is true for “Commodities Markets”. The multinational trade and economic system, run by corporations and multinational banks, now controls the product outputs of independent nations. The free market economic system has been usurped by entities who create what is best described as ‘controlled markets’.
U.S. President Trump smartly understands what has taken place. Additionally he uses economic leverage as part of a broader national security policy; and to understand who opposes President Trump specifically because of the economic leverage he creates, it becomes important to understand the objectives of the global and financial elite who run and operate the institutions. The Big Club.
Understanding how trillions of trade dollars influence geopolitical policy we begin to understand the three-decade global financial construct they seek to protect.
That is, global financial exploitation of national markets.
FOUR BASIC ELEMENTS:
♦Multinational corporations purchase controlling interests in various national outputs and industries of developed industrial western nations.
♦The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks.
♦The Multinational Banks and the Multinational Corporations then utilize lobbying interests to manipulate the internal political policy of the targeted nation state(s).
♦With control over the targeted national industry or interest, the multinationals then leverage export of the national asset (exfiltration) through trade agreements structured to the benefit of lesser developed nation states – where they have previously established a proactive financial footprint.
Against the backdrop of President Trump confronting China; and against the backdrop of NAFTA being renegotiated, likely to exit; and against the necessary need to support the key U.S. steel industry; revisiting the economic influences within the modern import/export dynamic will help conceptualize the issues at the heart of the matter.
There are a myriad of interests within each trade sector that make specific explanation very challenging; however, here’s the basic outline.
For three decades economic “globalism” has advanced, quickly. Everyone accepts this statement, yet few actually stop to ask who and what are behind this – and why?
Influential people with vested financial interests in the process have sold a narrative that global manufacturing, global sourcing, and global production was the inherent way of the future. The same voices claimed the American economy was consigned to become a “service-driven economy.”
What was always missed in these discussions is that advocates selling this global-economy message have a vested financial and ideological interest in convincing the information consumer it is all just a natural outcome of economic progress.
It’s not.
It’s not natural at all. It is a process that is entirely controlled, promoted and utilized by large conglomerates, lobbyists, purchased politicians and massive financial corporations.
Again, I’ll try to retain the larger altitude perspective without falling into the traps of the esoteric weeds. I freely admit this is tough to explain and I may not be successful.
Bulletpoint #1:♦ Multinational corporations purchase controlling interests in various national elements of developed industrial western nations.
This is perhaps the most challenging to understand. In essence, thanks specifically to the way the World Trade Organization (WTO) was established in 1995, national companies expanded their influence into multiple nations, across a myriad of industries and economic sectors (energy, agriculture, raw earth minerals, etc.). This is the basic underpinning of national companies becoming multinational corporations.
Think of these multinational corporations as global entities now powerful enough to reach into multiple nations -simultaneously- and purchase controlling interests in a single economic commodity.
A historic reference point might be the original multinational enterprise, energy via oil production. (Exxon, Mobil, BP, etc.)
However, in the modern global world, it’s not just oil; the resource and product procurement extends to virtually every possible commodity and industry. From the very visible (wheat/corn) to the obscure (small minerals, and even flowers).
Bulletpoint #2 ♦ The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks.
During the past several decades national companies merged. The largest lemon producer company in Brazil, merges with the largest lemon company in Mexico, merges with the largest lemon company in Argentina, merges with the largest lemon company in the U.S., etc. etc. National companies, formerly of one nation, become “continental” companies with control over an entire continent of nations.
…. or it could be over several continents or even the entire world market of Lemon/Widget production. These are now multinational corporations. They hold interests in specific segments (this example lemons) across a broad variety of individual nations.
National laws on Monopoly building are not the same in all nations. Most are not as structured as the U.S.A or other more developed nations (with more laws). During the acquisition phase, when encountering a highly developed nation with monopoly laws, the process of an umbrella corporation might be needed to purchase the targeted interests within a specific nation. The example of Monsanto applies here.
Bulletpoint #3 ♦The Multinational Banks and the Multinational Corporations then utilize lobbying interests to manipulate the internal political policy of the targeted nation state(s).
With control of the majority of actual lemons the multinational corporation now holds a different set of financial values than a local farmer or national market. This is why commodities exchanges are essentially dead. In the aggregate the mercantile exchange is no longer a free or supply-based market; it is now a controlled market exploited by mega-sized multinational corporations.
Instead of the traditional ‘supply/demand’ equation determining prices, the corporations look to see what nations can afford what prices. The supply of the controlled product is then distributed to the country according to their ability to afford the price. This is essentially the bastardized and politicized function of the World Trade Organization (WTO). This is also how the corporations controlling WTO policy maximize profits.
Back to the lemons. A corporation might hold the rights to the majority of the lemon production in Brazil, Argentina and California/Florida. The price the U.S. consumer pays for the lemons is directed by the amount of inventory (distribution) the controlling corporation allows in the U.S.
If the U.S. lemon harvest is abundant, the controlling interests will export the product to keep the U.S. consumer spending at peak or optimal price. A U.S. customer might pay $2 for a lemon, a Mexican customer might pay .50¢, and a Canadian $1.25.
The bottom line issue is the national supply (in this example ‘harvest/yield’) is not driving the national price because the supply is now controlled by massive multinational corporations.
The mistake people often make is calling this a “global commodity” process. In the modern era this “global commodity” phrase is particularly nonsense.
A true global commodity is a process of individual nations harvesting/creating a similar product and bringing that product to a global market. Individual nations each independently engaged in creating a similar product.
Under modern globalism this process no longer takes place. It’s a complete fraud. Massive multinational corporations control the majority of production inside each nation and therefore control the global product market and price. It is a controlled system.
EXAMPLE: Part of the lobbying in the food industry is to advocate for the expansion of U.S. taxpayer benefits to underwrite the costs of the domestic food products they control. By lobbying DC these multinational corporations [Archer Daniels Midland (ADM), Monsanto, Cargill, Unilever, Nestle’, ConAgra etc] get congress and policy-makers to expand the basis of who can use EBT and SNAP benefits (state reimbursement rates).
Expanding the federal subsidy for food purchases is part of the corporate profit dynamic.
With increased taxpayer subsidies, the food price controllers can charge more domestically and export more of the product internationally. Taxes, via subsidies, go into their profit margins. The corporations then use a portion of those enhanced profits in contributions to the politicians. It’s a circle of money.
In highly developed nations this multinational corporate process requires the corporation to purchase the domestic political process (as above) with individual nations allowing the exploitation in varying degrees. As such, the corporate lobbyists pay hundreds of millions to politicians for changes in policies and regulations; one sector, one product, or one industry at a time. These are specialized lobbyists.
EXAMPLE: The Committee on Foreign Investment in the United States (CFIUS)
CFIUS is an inter-agency committee authorized to review transactions that could result in control of a U.S. business by a foreign person (“covered transactions”), in order to determine the effect of such transactions on the national security of the United States.
CFIUS operates pursuant to section 721 of the Defense Production Act of 1950, as amended by the Foreign Investment and National Security Act of 2007 (FINSA) (section 721) and as implemented by Executive Order 11858, as amended, and regulations at 31 C.F.R. Part 800.
The CFIUS process has been the subject of significant reforms over the past several years. These include numerous improvements in internal CFIUS procedures, enactment of FINSA in July 2007, amendment of Executive Order 11858 in January 2008, revision of the CFIUS regulations in November 2008, and publication of guidance on CFIUS’s national security considerations in December 2008 (more)
Bulletpoint #4 ♦ With control over the targeted national industry or interest, the multinationals then leverage export of the national asset (exfiltration) through trade agreements structured to the benefit of lesser developed nation states – where they have previously established a proactive financial footprint.
The process of 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. This is the basic premise, the cornerstone, behind the catch-phrase ‘globalism’.
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 corporations are playing the role of OPEC and it’s not oil being controlled, thanks to the WTO it’s almost everything.
Again, this is highlighted in the example of taxpayers subsidizing the food sector (EBT, SNAP etc.), the corporations can charge U.S. consumers more. Ex. more beef is exported, red meat prices remain high at the grocery store, but subsidized U.S. consumers can better afford the high prices.
Of course, if you are not receiving food payment assistance (middle-class) you can’t eat the steaks because you can’t afford them. (Not accidentally, it’s the same scheme in the ObamaCare healthcare system)
Agriculturally, multinational corporate Monsanto, ADM, ConAgra says: ‘all your harvests are belong to us‘. Contract with us, or you lose because we can control the market price of your end product. Downside is that once you sign that contract, you agree to terms that are entirely created by the financial interests of the larger corporation; not your farm.
The multinational agriculture lobby is massive. We willingly feed the world as part of the system; but you as a grocery customer pay more per unit at the grocery store because domestic supply no longer determines domestic price.
Within the agriculture community the (feed-the-world) production export factor also drives the need for labor. Labor is a cost. The multinational corps have a vested interest in low labor costs. Ergo, open border policies. (ie. willingly purchased republicans not supporting border wall etc.).
This corrupt economic manipulation/exploitation applies over multiple sectors, and even in the sub-sector of an industry like steel. China/India purchases the raw material, coking coal, then sells the finished good (rolled steel) back to the global market at a discount. Or it could be rubber, or concrete, or plastic, or frozen chicken parts etc.
The ‘America First’ Trump-Trade Doctrine upsets the entire construct of this multinational export/control dynamic. Team Trump focus exclusively on bilateral trade deals, with specific trade agreements targeted toward individual nations (not national corporations).
‘America-First’ is also specific policy at a granular product level looking out for the national interests of the United States, U.S. workers, U.S. companies and U.S. consumers.
Under President Trump’s Trade positions, balanced and fair trade with strong regulatory control over national assets, exfiltration of U.S. national wealth is essentially stopped.
This puts many current multinational corporations, globalists who previously took a stake-hold in the U.S. economy with intention to export the wealth, in a position of holding contracted interest of an asset they can no longer exploit.
Perhaps now we understand better how massive multi-billion multinational corporations and institutions are aligned against President Trump.
Replacing Gary Cohn, today is day one for Larry Kudlow to hit the airwaves as President Trump’s new Chairman of the National Economic Council. This will be an interesting dynamic to watch. In essence, Kudlow’s job – whether he admits it or not, is to remove the clenched grip of U.S. Chamber of Commerce President, Tom Donohue, from the republican trade and business position.
With multinational trade confrontations now taking center stage, Kudlow is going to have to slowly shift the GOPe political minds into a modern Trump-era where Main Street U.S.A. is the priority. Wall Street needs to shift to domestic investment if they desire to remain beneficiaries.
President Trump is immovable on his trade and economic agenda. Period; end of story. Ask Gary Cohn or any other member of the disassembled manufacturing council advisory board who quit last year because POTUS Trump just wouldn’t heed their duplicitous and high-minded advice. Do you remember candidate Trump mentioning the endless talking to nowhere that he has not time for? Yeah, that.
President Trump has a 30-year-developed plan and strategy for the U.S. to recapture economic power. Commerce Secretary Wilbur Ross, Treasury Secretary Steven Mnuchin, U.S. Trade Representative Robert Lighthizer, and key trade strategist Peter Navarro are carrying out that plan.
Anyone thinking they would somehow disrupt three decades of trade planning by POTUS Trump is too funny to give typeset space.
POTUS would cut off his own hand before he would change direction on his economic strategy.
Remember: “America First”. Titan-minded Trump is the most committed economic influence agent in the history of American politics.
The National Economic Council (NEC) is an entity demanded by the formal traditions of the Office of the President. The council assembles, meets, discusses, hold conferences, invite guests etc. However, for POTUS Trump it’s an exercise in formality run mostly by professionals who benefit from the indulgences of membership.
The NEC has no more influence on Trump’s economic plan than any chosen Country Club has influence over his skills on the golf course. But it looks good. And that’s it.
Chairman Larry Kudlow will be working overtime amid the financial-class cocktail party circuit to share an entirely different economic when it comes to trade and investment.
U.S. Commerce Secretary Wilbur Ross appears on CNBC earlier today to talk specifically about U.S-China trade resets, confrontation and negotiations. Secretary Ross cuts right through the chaff and countermeasures and gets right to the primary issues.
When questioned about the myriad of downstream issues, Secretary Ross stays focused on the big picture. GREAT INTERVIEW (there are multiple segments where it’s almost impossible not to laugh during Wilburine’s gnat-swatting):
You might remember in July of 2017 when President Trump attended the “Three Seas Initiative” in Warsaw Poland. The bigger goals and objectives were/are building relationships with Baltic nations aligned with the same freedom outlook. President Trump committed his administration to free, fair and equitable trade with the Baltic partners.
2017 – “Let me be clear about one crucial point. The United States will never use energy to coerce your nations, and we cannot allow others to do so,” President Trump said at a press conference flanked by European leaders. “You don’t want to have a monopoly or a monopolistic situation.” (NBC article link)
Today President Trump is hosting many of the same leaders at the White House. There will be a press conference at approximately 1:30pm EST.
With the migrant march from South America, mostly Hondurans, gaining more media attention, it is also important to revisit last year’s threats -from Mexican officials- which preceded their current year complicity.
♦ In August of 2017 President Trump and Commerce Secretary Ross were discussing their trade efforts within NAFTA and renegotiation with Mexico/Canada on a trilateral basis. However, the U.S. administration said if it doesn’t work, they’d scrap the 3-way NAFTA deal and go one-on-one with individual bilateral agreements. In response, Mexican Economic Minister Ildefonso Guajardo threatened to flood the U.S. with South American illegal aliens, criminals and gang members as leverage:
MEXICO CITY (Reuters) – Mexico could pull back on cooperation in migration and security matters if the United States walks away from talks to renegotiate the North American Free Trade Agreement, the Mexican economy minister said in a newspaper report published on Thursday.
“If they do not treat [us] well commercially, they should not expect us to treat them well by containing the migration that comes from other regions of the world and crosses Mexico,” Guajardo said. “Or they should not expect to be treated well in collaboration with security issues in the region.” (LINK)
However, Mexican Minister Ildefonso Guarjardo’s threat was mild compared to a threat in January 2017, when another Mexican official promised to flood the U.S. with South American drugs and gang violence:
♦ In a stunning segment on Fareed Zakaria’s CNN broadcast January 29th, 2017, Mexico’s former foreign minister, Jorge Castaneda, states the Mexican government was willing to counter U.S. President Donald Trump policy by unleashing drug cartels upon the U.S. border.
Watch, and more importantlyLISTEN, to his words at 02:10 below (Prompted):
This was the most politically explosive admission by the Mexican government in the past decade. Even Fareed Zakaria realized what was being threatened and quickly attempted to redirect the conversation.
Mr. Castaneda was openly admitting a willingness to promote drug trafficking. Additionally, Jorge Castaneda is so proud of the threat, he posted a video of the discussion on his own YouTube page.
CTH takes a little flak for pointing out the obvious; that’s ok, it doesn’t change the reality: When you confront the manipulated multinational trade system – the multinational Wall Street entities who have historically benefited from that system will lose.
It is impossible for Wall Street corporations invested overseas not to lose some financial position. This is reality, and this is also necessary. Meanwhile U.S-centered corporations will gain valuation in direct proportion to the amount of investment they hold inside the U.S…
White House Trade Director Peter Navarro discusses the ongoing trade initiatives, China, Wall Street and NAFTA. President Trump has indicated a strong preference for U.S.T.R. Lighthizer to make a determination about NAFTA as soon as possible. WATCH:
If the news from the first round of Mexican election polling was any better we’d have to be twins to enjoy it. Andres Obrado, a well-known Marxist who intends a government take-over of the Mexican energy sector, is holding a commanding 18-point lead.
This is excellent news for border wall enthusiasts and those who want the Trump administration to pull out of NAFTA.
Mr Obrador is the modern Mexican version of Hugo Chávez (or Nicolàs Maduro/Bernie Sanders) with a similar ideological outlook. His resulting territorial economic policies are certain to deliver the Venezuela outcome to the Mexican people.
For American companies doing business in Mexico, an Obrador win would be the worst possible outcome. They will lose hundreds of billions from their current Mexican investments, as President Obrador swoops in to skim (tax) corporate profits for his state-run enterprises and care for ‘his people’. However, the good news is – those U.S. multinationals will likely all return to the U.S. asap. Lucky day, lucky day.
Funnily enough, U.S. Commerce Secretary Wilbur Ross must have held some insider information about this likelihood when he sheepishly hinted toward this possibility a few weeks ago. Oh, the poor multinational critters in Wall Street are gonna have a heart attack when they see this. Wait, wha… they did already?
MONTERREY (Reuters) – Mexican left-wing presidential candidate Andres Manuel Lopez Obrador has an 18-point lead ahead of the July 1 election, according to a poll published on Monday that showed him with a growing advantage at the start of formal campaigning.
Lopez Obrador, who launched his campaign on Sunday, holds 38 percent of the vote, according to the poll by Parametria, published by Reuters on Monday ahead of wider distribution. That compared to 35 percent in its previous poll.
A Lopez Obrador victory could usher in a Mexican government less accommodating toward the United States, where President Donald Trump has stoked trade tensions with Mexico and aggressively moved to curb immigration.
Lopez Obrador has backed the North American Free Trade Agreement, but his plan to review newly issued oil contracts sparked worries he will deter foreign investment. (read more)
Too funny… The “smart set” (pundits) are reading it wrong:
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!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America