Tonight President Donald Trump heads to the Charleston Civic Center in Charleston, WV, for a business round table and MAGA campaign rally. Pre-rally speakers begin at approximately 6:00pm and President Trump is scheduled to speak at 7:00pm.
UPDATE: Video Added
RSBN Livestream – Fox News Livestream – CNBC Livestream
While the moonbats demand ICE is abolished, President Trump participates in a Salute to the Heroes of the Immigration and Customs Enforcement (ICE) and Customs Border Protection (CBP) event at the White House. Anticipated start time 3:00pm EST.
UPDATE: Video Added
WH Livestream link – Fox News Livestream link – NBC Livestream Link
In an effort to avoid the land mines of social media de-platforming, cousin Joe Dan Gorman has smuggled out another set of brilliantly coded Rebel Alliance video messages from deep inside the froglegs internets.
If you poke a hole in an egg carton, cover one eye, stand naked and watch the screen through a mirror…. well, it takes some practice, but just make sure you draw the curtains to receive the transmission.
Visit Joe Dan HERE – Help Joe Dan Avoid Deplatforming HERE
Under the auspices of making moves to block election interference from outside interests the government of Justin from Canada is moving to block internet content critical of Trudeau and his policies.
Simultaneously and ironically, the same Canadian government is spending millions lobbying U.S. politicians in Washington DC to retain their one-sided NAFTA trade benefits. Funny that, eh?
CANADA […] Among other things, the government wants to do more to ensure foreign actors or money aren’t involved in elections, require more transparency for political messaging on social media and prevent political parties from setting up ostensible advocacy groups to support them and help skirt spending limits.
[…] Among the options:
Those proposals go considerably further than C-76. The bill would prohibit foreign entities from spending any money to influence elections and prohibit anyone from knowingly selling election advertising space to foreign entities. (read more)
Consider this phrase carefully: “Among other things, the government wants to do more to ensure foreign actors or money aren’t involved in elections” … and now contrast that statement against this:
Huh…. Not funny, that!
This might raise an eyebrow:
Did you know it’s against Canadian law for U.S. banks to operate in Canada? Meanwhile, the Canadian government demands their banks be permitted to operate in the U.S….
Or, did you know that NAFTA is not actually a trade bloc of the U.S., Mexico and Canada? Instead NAFTA is merely an internal agreement of trade issues only between the three nations. This structure allows Canada and Mexico to engage with third-party-nations as brokers for access to the U.S. market. For the last 20+ years Canada and Mexico have exploited this agreement to benefit their own economy, exfiltrated American wealth, and done so without any regard for how damaging it is to the United States.
We are the host. They are the parasites. I digress….
Thankfully, we now have President Donald Trump.
President Donald Trump is the first, and only, U.S. politician who not only understands the flawed structure – but has also stated quite openly he is no longer going to allow it. Hence, the massive lobbying effort, and tens of millions being spent, by Canada into the U.S. seeking like-minded allies to eliminate the threat that is POTUS Trump.
There is a site that is doing short-term Earthquake forecasts who has a very good track record known as Dutchsinse. He has a very good track record for forecasting events near-term. Of course, this is still not mainstream. It is very strange when people can improve on forecasting they are just ignored. Our models are not designed to give a specific target for an earthquake on a daily basis. We have plotted the long-term historical records and correlate that with the global economy.
There are countless earthquakes every day. We do not seek to duplicate what Dutchsinse provides. We are more concerned with targeting important events that will alter the economic trends either short or long-term. Here is our database on Japan. These are the earthquakes back to 694AD. In this case, there have been 86 important quakes for Japan. This is the entire country and not just Tokyo which has been destroyed three times – the last being 1923.
We identify periods where activity should appear even years in advance. This is completely different from short-term forecasting specific targets as has been the case with Dutchsinse. There are numerous quakes around the world every day. Most people will never feel them. Some will run deep and others shallow. Some will produce tsunami events that can be catastrophic as was the case in the 1923 Tokyo event.
Our models are more focused on the correlation with other events. Obviously, a 1923 style earthquake and tsunami in Tokyo today would impact the global economy as Japan is the third largest economy and debt market. The ripple effect in global markets, both currency, and equity would be very significant as well as the debt markets. Here we strive for long-term forecasts to provide institutions time to shift portfolios that could never be accomplished in 24 hours or less.
Another earthquake hit now in Indonesia but this was a 6.9 and much shallower. It has resulted in a landslide from Mount Rinjani after another earthquake hits Lombok. It really would be nice if we simply realize that everything is connected cyclically. We have now had two quakes hit the very first day our computer projected a correlation would intensify in August. There are studies that need to be done and knock off the political BS that supports research like Global Warming that produces taxes and divert it to something more practical that can actually save lives now.
COMMENT: Ok, this time you were wrong. A major earthquake hit Fiji on the 19th, not the 20th and CNN reported it 3 hours ago which followed your post 8 hours ago. Your slipping!
Cheers
Keep up the great work
PF
REPLY: Well, I never bothered to try to hone in on earthquakes to the day. It was a deep quake at 8.2. Such deep quakes can later trigger more shallow quakes of similar magnitude days or weeks later. But in reality, this week began today the 19th. I am a trader so I label the weeks with the first trading day being Monday 20th. Yet, what I do find most interesting is how everything seems to be correlated together be it nature or markets. I am still trying to figure that one out. I put all of this together because it became clear from ancient times onward, that natural disasters had profound economic impacts.
It was the great fire of Rome that necessitated the creation of money. Nero was the first to slightly debase the silver denarius reducing the silver content from 97.5% to 93.5%. He needed more money to pay for the reconstruction of Rome and his new palace.
When Pompei was destroyed by the eruption of Vesuvius, once again we see that money was needed for the relief effort. Titus was forced to reduce the silver content from Nero’s level of 93.5% to 92.5%. Of course, the San Francisco Earthquake of 1906 contributed to the Panic of 1907 and the regional capital flow crisis that eventually led to the creation of the Federal Reserve with branches throughout the nation.
You cannot forecast the economy and markets without taking into account all factors and that includes NATURE!
QUESTION: Mr. Armstrong; In Singapore who warned that there would be continued volcanic activity in the Pacific and that the peak in 2018 appeared to be coming into play August/September. Is that timing still on track?
GH
ANSWER: Yes. That seems to actually begin this coming week 8/20 and goes into the week of 09/10. This is just a cyclical period but it is not catastrophic so no need to run and hide under the desk. This is a trend that should continue for several years. However, we are entering a period where we can see an increase in activity cyclically speaking. It is just that 2018 was the beginning and we have seen quite a few volcanoes erupted so far this year. It tends to correlate with the downturn in the energy output of the sun
Michelle Wolf gained notoriety for her obnoxious, unfunny and rude diatribe during the White House Correspondents Dinner:
(Via Mediaite) […] The comedian made a name for herself earlier this year at the White House Correspondents’ Dinner, where her monologue received a mix reception, especially for her jokes targeting Press Secretary Sarah Huckabee Sanders, who attended the event. Wolf had previously appeared as a correspondent on The Daily Show and a writer for Late Night with Seth Meyers.
Wolf’s controversial brand of comedy continued at Netflix, which debuted shortly after the White House Correspondents’ Dinner in late May. (read more)
Wolfe’s show only lasted 10 episodes and was cancelled. According to media reports the show staff and producers found out about their termination via twitter. Meanwhile Sarah Sanders is still White House Press Secretary.
Sad Panda increasingly frustrated as disruptor Trump heaps vociferous praise on Chairman Xi, while simultaneously out maneuvering Beijing’s geopolitical economic strategy.
China expert Michael Pillsbury discusses the current environment around the Beijing leadership with Fox host Tucker Carlson. This is really important. WATCH:
.
What Pillsbury outlines is exactly what CTH predicted last year when we shared how the Red Dragon would be caught entirely off-guard. They’ve never seen this approach before.
NOTE: The upcoming Chinese trade delegation is not showing up at the end of this month as a matter of scheduling happenstance. What no-one in the financial/trade/economic media is connecting is the timing of their visit with USTR Lighthizers’ Section 301 Tariff hearings –SEE HERE. August 20th through August 27th, you can guarantee the Chinese delegations will be all over those hearings; including dispatching their paid lobbyists to provide input on their behalf.
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 Chairman 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.
♦Squeeze #1. President Trump and Treasury Secretary Mnuchin sanctioned Venezuela and cut off their access to expanded state owned oil revenue. Venezuela needs more money. China and Russia are already leveraged to the gills in Venezuela and hold 49% of Citgo as collateral for loans outstanding. China and Russia now need to loan more, directly.
However, China cannot engage in economic commerce with Venezuela or they risk losing access to the U.S. banking system. Therefore all current Chinese aid to Maduro comes in the form of IOU’s. These ongoing loans are likely impossible to be repaid.
♦Squeeze #2. China’s geopolitical ally, Russia, is already squeezed with losses in energy revenue because of President Trump’s approach toward oil, LNG and coal. Trump, through allies including Saudi Arabia, EU, France (North Africa energy), and domestic production has influenced global energy prices. Additionally, President Trump is demanding NATO countries, specifically Germany, stop supporting financial dependence on Russia.
Meanwhile, and directly connected, Russia is bleeding out financially in Syria. Iran is the financial reserve, but they too are energy price dependent and President Trump is now putting pressure on Iran vis-a-vis new sanctions and new demands on allies.
♦Squeeze #3. In 2017 Trump and Secretary Tillerson, now Secretary Pompeo, put Pakistan on notice they need to get involved in bringing their enabled tribal “extremists” (Taliban) to the table in Afghanistan. Pakistan’s primary investor and economic partner is China. The U.S. removed $900 million in financial support to pressure Pakistan toward a political solution in Afghanistan, China has to fill void. [NOTE: Last month the World Bank began discussions about a financial bailout for Pakistan.] Again, more one-way bleed for China.
♦Squeeze #4. China’s primary economic threat (competition) is next door in India. President Trump has embraced India as leverage over China in trade and pledged ongoing favorable trade deals. The key play is MFN (Most Favored Nation) trade status might flip from China to India. That’s a big play. It would have massive ramifications.
♦Squeeze #5. President Trump launched a USTR Section 301 Trade Investigation into China’s theft of intellectual property. This encompasses every U.S. entity that does manufacturing business with China, particularly aeronautics and technology, and also reaches into the financial services sector.
In March of 2018 U.S. Trade Representative Robert Lighthizer completed a section 301 review of China’s trade practices. [SEE HERE] Section 301 of the U.S. Trade Act of 1974 authorizes the President to take all appropriate action, including retaliation, to obtain the removal of any act, policy, or practice of a foreign government that violates an international trade agreement or is unjustified, unreasonable, or discriminatory, and that burdens or restricts U.S. commerce. However, as talks with China progressed, President Trump shelved the 301 action to see where negotiations would end-up. The May and June, 2018, negotiations between the U.S. and China provided no progress. The 301 review of China is now pulled back off the shelf, and President Trump assembles his trade-war strategy. The 301 tariffs/sanctions are currently being worked out with U.S.T.R Robert Lighthizer.
♦Squeeze #6. President Trump, Secretary Ross, Secretary Mnuchin and USTR Robert Lighthizer are dissolving NAFTA in favor of two bilateral agreements; one with Mexico and one with Canada. One of the primary objectives of team U.S.A. is to close the 3rd party loopholes, including dumping and origination, that China uses to gain backdoor access to the U.S. market and avoid trade/tariff restrictions. [China sends parts to Mexico and Canada for assembly and then back-door entry into the U.S. via NAFTA.]
♦Squeeze #7. President Trump has been open, visible and vocal about his intention to shift to bilateral trade renegotiation with China and Southeast Asia immediately after Team U.S.A. conclude with NAFTA. [Current discussions with Japan are ongoing]
♦Squeeze #8. President Trump positioned the U.S. relationship with the E.U. as a massive potential loss for Europe (via Steel, Aluminum, and Auto tariffs) if they did not: (A) shift their trade relationship toward greater reciprocity; and (B) reconsider the size of their trade relationship with China. After initially trying to push-back, Europe acquiesced.
♦Squeeze #9. President Trump has positioned ASEAN (Association of Southeast Asian Nations) as trade benefactors for assistance with North Korea. Last year the KORUS (South Korea and U.S.) trade deal was renegotiated, and announced in March. The relationship between ASEAN nations and the Trump administration is very strong, and getting stronger. Which leads to…
♦Squeeze #10. President Trump has formed an economic and national security alliance with Shinzo Abe of Japan. It is not accidental that North Korea’s Kim Jong-un fired his last missile over the Northern part of Japan. Quite simply, Beijing told him to. However…
♦Squeeze #11. President Trump cut-off the duplicitous Beijing influence over North Korea by engaging directly with Kim Jong-un. The open exchange and ongoing dialogue has removed much of the ability of Beijing to leverage the DPRK nuclear threat for their own economic benefit. This dialogue was as much, if not more, about dismantling the Beijing geopolitical influence as it was about denuclearizing the Korean peninsular. However, no-one caught on to that part of the strategy.
Add all of this up and you can see the cumulative impact of President Trump’s geopolitical economic strategy toward China. The best part of all of it –as we previously stated– is the likelihood China never saw it, meaning the sum totality of “all of it”, coming…. at first.
Now they do, and, as Mr. Pillsbury notes from his travel and engagement, China is not quite sure how to respond.
Only President Trump could use economic leverage with such incredible insight and strategy toward achieving dual results benefiting the U.S. economy and U.S. national security position. It really is stunning when you stand back and look at how it has all played out…. in the open…. and yet seemingly no-one saw what he was doing.
Just brilliant.
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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