President Donald Trump will be making a widely anticipated announcement on the government shutdown and border crisis from the White House today. The speech will likely outline a proposal to end the partial government shutdown.
The president is anticipated to outline a proposal for $5.7 billion for physical border security in exchange for “The Bridge Act” which would extend protections for Deferred Action for Childhood Arrivals (DACA), and legislation to extend the legal status of Temporary Protected Status (TPS) holders. Anticipated start time 4:00pm EST.
UPDATE: Video Added
Earlier today President Donald Trump and Secretary of State Mike Pompeo traveled to Dover Air Force Base to participate in a solemn tribute to fallen Americans. President Trump saluted the casket carrying civilian contractor Scott A. Wirtz of St. Louis, Missouri, as his body was carried from a C-17 military aircraft into a waiting van.
Scott Wirtz and three other Americans were killed in a suicide bombing Wednesday in the northern Syrian town of Manbij. He was assigned to the Defense Intelligence Agency as an operations support specialist.
The bombing in Syria was the deadliest attack on U.S. troops since American forces moved into the country in 2015. President Trump also met with the families of three additional Americans who were killed in the attack including: Army Chief Warrant Officer 2 Jonathan R. Farmer, 37, of Boynton Beach, Florida, (based at Fort Campbell, Kentucky); Navy Chief Cryptologic Technician (Interpretive) Shannon M. Kent, 35, of Pine Plains, New York, (based at Fort Meade, Maryland); and an unknown civilian contractor. The transfer services for those heroes were held in private with the President observing.
Last week, late Wednesday night, President Trump reinforced his Syrian withdrawal decision during a meeting with about a half-dozen GOP senators at the White House.
Senator Rand Paul (KY) told reporters on a conference call the president remained “steadfast” in his decision not to stay in Syria, or Afghanistan, “forever.” The senator did not disclose the latest thinking on the withdrawal timeline. Senator Paul said President Trump told the group: “we’re not going to continue the way we’ve done it.”…
Earlier today President Donald Trump left the White House for an unannounced trip to Dover Air Force Base where he met with the families of four Americans killed in a suicide bombing in Syria last week.
President Trump described this trip to the Delaware base as the most difficult task of a commander in chief. “When I’m going to meet relatives of some of our great great heroes that have fallen, I think it might be the toughest thing I have to do as president,” he said. “We’ve been hitting ISIS very hard over the last three weeks, in particular over the last three weeks, and it’s moving along very well. But when I took over it was a total mess,” President Trump added. “You do have to ask yourself — we’re killing ISIS for Russia, for Iran, for Syria, for Iraq, for a lot of other places. At some point, we want to bring our people back home.”
Re-Posted Jan 20, 2019 by Martin Armstrong
QUESTION: Hi Martin,
My girlfriend brought up a point about your work during coffee this morning. Basically, she’s confused about the two dates you often mention, 2020 and 2032. She wants to know which date (2020, 2032) you expect the markets move into crises mode due to the lack of confidence in government. I tried to explain but my insight wasn’t good enough.
Could you explain in a future blog the difference between these dates and what you (Socrates) expect to happen during these points in time?
ANSWER: The 2032 date is the conclusion of this Private Wave. That is when the power of the West will begin to shift to China for the next cycle that begins thereafter. The 2020 date is when the confidence begins to noticeably begin to turn down for the AVERAGE person. You can “feel” it in the air already. What the Democrats have done is simply unbelievable. Sure the people who hate Trump cheer. But they fail to understand the system. Whatever they do to the Republicans sets the stage for what will be considered “normal” for the Republicans to do to the Democrats if power shifts.
I have explained that the Democratic victory in the House was really a disaster for this has allowed nothing but the next two years to be confrontation as we are witnessing on the funding of the wall which is only $5.7 billion. In Fiscal Year 2019, the federal budget will be $4.407 trillion. The U.S. government estimates it will receive $3.422 trillion in revenue. That creates a $985 billion deficit for October 1st, 2018 through September 30, 2019. Not only is this less than a single week’s interest payment of $6.7 billion, it is .001% of the annual budget. It is so meaningless it illustrates my point. The Democrats think all they have to do is demonize Trump and OPPOSE absolutely everything he proposes to win the White House in 2020.
We will be running the computer models on the 2020 election. But preliminary indications show that we will see a sharp rise in violence. Neither side will accept the results.
A big day for geopolitical moves.
Earlier today President Donald Trump, Secretary of State Mike Pompeo and North Korean Minister Kim Yong Chol held a 90 minute meeting at the White House discussing ongoing talks and negotiations between the U.S. and North Korea.
Following the meeting the White House announced there would be a second summit between President Trump and Chairman Kim Jong-un:
“President Donald J. Trump met with Kim Yong Chol for an hour and half, to discuss denuclearization and a second summit, which will take place near the end of February. The President looks forward to meeting with Chairman Kim at a place to be announced at a later date.” (link)
(Via Fox News) […] The face-to-face came after Secretary of State Mike Pompeo met with Kim Yong-chol, North Korea’s lead negotiator, in the nation’s capital early Friday morning to negotiate terms that could lead to a second nuclear summit between Trump and Pyongyang leader Kim Jong-un.
Pompeo and Kim Yong-chol didn’t shake hands or respond to reporters’ questions but did smile during a photo opportunity ahead of their meeting at a hotel in Northwest Washington. (more)
Secretary Pompeo noted earlier in the week that substantive progress in discussions between the U.S. and DPRK had stalled.
The surface explanation for the slow-down in progress between the U.S and North Korea is generally attributed to a lack of follow-through on the North Korea side to deliver a full list and detailed accounting of its nuclear and missile facilities that would be used by inspectors for verification. However, the deeper explanation goes toward the ongoing U.S.-China trade discussions and how Beijing, the driver of all activity within the DPRK, uses North Korea as a foil to gain leverage.
Two weeks ago Chinese Chairman Xi Jinping called Chairman Kim to Beijing for talks. The influence of China over the DPRK nuclear issues is unmistakable. As an outcome the denuclearization process is inherently linked to the U.S-China trade talks.
Chairman Xi is simply controlling and using North Korea as a proxy province to achieve a better economic outcome over President Trump. This is the cunning dance behind the dragon mask of China that is not completely visible unless you follow and watch closely. President Trump has been strategically winning this geopolitical contest for more than a year; however, the biggest challenges continue.
President Trump is leveraging many geopolitical tools simultaneously.
Europe, particularly Germany, wants a favorable trade deal with the U.S. where they will not face tariffs on exported autos (BMW, Mercedes, VW, etc.). The EU sees the U.S. China contest as an opportunity for a quid-pro-quo.
Yesterday the EU announced they would make tariffs on Chinese steel permanent. This mutually aligned tariff position helps President Trump in the Chinese trade conflict by putting more pressure on the Chinese economy.
However, in exchange for that favorable position, today the EU announced their requestedterms for a U.S. and Europe trade agreement:
(Bloomberg) The European Union unveiled a blueprint for a free-trade deal with the U.S. that would cut tariffs on a wide range of industrial goods including cars in a bid to heal commercial ties.
European Trade Commissioner Cecilia Malmstrom asked EU governments on Friday in Brussels for the go-ahead to start negotiations on lowering trans-Atlantic commercial barriers, prodding U.S. President Donald Trump to reverse his protectionist stance.
Her draft mandate includes the politically sensitive — and economically important — question of autos even though the U.S. has signaled resistance to having them covered by market-opening talks. Washington is investigating whether foreign vehicles pose a national-security threat and should face higher American duties.
[…] The current trans-Atlantic trade truce has held as U.S. commercial tensions with China have grown. Nonetheless, the cease-fire has appeared fragile because the Trump-Juncker accord includes ambiguities that have led to contradictory statements by officials on each side and signaled the underlying risk of a sudden escalation.
Trump administration representatives have pushed to include agriculture in the scope of any agreement — a stance rejected by the EU. Meanwhile, the European side has made the case for an accord that would cover cars.
“When Juncker and Trump met, they said there is no scope to discuss agricultural goods and even at the time the talk was regarding industrial products,” commission Vice President Jyrki Katainen told reporters on Friday in Helsinki. “We’re also OK with negotiating over auto tariffs.” (continue reading)
The starting point for the EU request outlined above is not going to win favor with President Trump. As the global trade alliances are being reset, it is the strength and scale of the U.S. market, and unfettered access to that market, that is the pot-of-gold. President Trump is not going to give the EU such an economic advantage; it would be against his fundamental goal of reciprocity.
If you remove China from global analysis, the U.S. economy is the only economy with significant growth. This global economic status is not accidental, and is completely connected to the policies behind Trump’s ‘America First’ program. It is helpful to President Trump for the EU to collaborate on trade issues against China, but he’s not going to take back economic benefit from China only to give it away to the EU.
That EU demand is not going to go anywhere with Trump, Ross and Lighthizer.
Help with China is good; however, in addition to market access (and a strong economy) President Trump holds other tools in the deal with the European Union: ♦NATO (funding and participation); ♦the Nord Stream 2 gas pipeline; ♦treasury sanctions against Iran; and ♦deepened trade relations with the Baltic alliance. Add to this the Steel and Aluminum tariffs and auto tariffs that Trump *did not* take away when he met with Junker.
The dance continues…
Have you ever seen that guy on television who spins plates on sticks?….
Dozens of simultaneous plates?
President Trump is a geopolitical equivalent.
His ability to locate leverage in the most unsuspecting locations is truly remarkable.
President Trump is one guy, but he consistently shows how he has them surrounded.