Nigel Farage’s BREXIT Party is Now #2


Nigel Farage’s new Brexit Party is now the second largest in Britain. The Conservatives still topped the YouGov poll with 24% of the vote, but they were boosted by the prospect of Boris Johnson, who is a Brexit believer, as the next Tory leader. The prospects for Europe remain up in the air as Brussels still refuses to reform and is looking to punish Switzerland as an example for Britain. But trying to exclude the London markets as a place Europeans can invest will cause a major economic decline for Europe rather than London.

Agricultural Loans Declining Right on Target


One of the most fascinating observations I have made over my career has been that the banks always lend at the top and contract lending at the bottom in every market. Going into 1980, banks were calling me to ask if I wanted to borrow money. Recently, I got a phone call from my bank asking, once again, if I would be interested in a loan. This to me is merely a confirmation that we are approaching a major turning point.

When I look at lending into the agricultural sector, the big Wall Street banks are once again perfectly in line with the cycle. They peaked in loans to farmers back in 2015, and have been declining ever since going into 2020. Bank lending to the agricultural sector peaked with the ECM and we will see it bottom in 2020. Our model will be correct in forecasting the next wave, which will be a cost-push inflationary wave. As the agricultural sectors come back to life, thanks to shortages, then the bankers will be willing to lend once again. The banks are the PERFECT indicator of how not to run a business. They make decisions emotionally and always get the economy dead wrong (i.e mortgage-backed securities peaked in 2007)

President Trump Impromptu Presser Departing White House…


Chopper pressers are the best pressers.  President Trump delivers remarks to the press pool as he departs the White House for a rally in North Carolina.

[Video below, transcript will follow]

Must Watch MAGAnomic Overview – Navarro Outlines Trump Economic Roadmap…


Excellent interview by Charles Payne as White House Manufacturing Policy Advisor Peter Navarro outlines how the strategic road map of MAGAnomics is converging.  If you want to see the future, listen to how Navarro outlines what’s coming.

The six MAGAnomic components to pay attention to include: ♦changes to the Universal Postal Union (UPU); ♦HUD Opportunity Zones; ♦America First raw material policy for infrastructure; ♦retail sales strength; ♦the current status of the U.S-China negotiations; and ♦the USMCA ratification.

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♦The UPU was one of those archaic policy issues set-up with good intentions, and then maintained by ‘stupid’ politicians well after it should have been renegotiated.  It’s good to hear that mess is coming to an end in October.

♦The Opportunity Zones is a huge internal growth program. President Trump has positioned a federal tax abatement program for money used to invest in revitalizing urban zones. Corporations can now bring back money into the U.S. and position themselves to gain from domestic investment.

The opportunity zone private investment means municipal money to improve infrastructure without the need for federal dollars. Additionally, those areas then get the benefit of new development and building. This is one of the reasons why people living in urban areas are seeing massive increases in the value of their homes and property. Hundreds of billions in tax incentives pouring into areas where some of the most previously disenfranchised voting groups live.  This program is transformative.

♦The intransigent state of U.S-China trade discussions is favorable to the position of America First. Investment into China is frozen because no-one knows the outcome. Meanwhile President Trump is presenting multiple domestic alternatives for those investment dollars (see Opportunity Zones).

However, China has caught on to what President Trump is doing; and as outlined in a recent article from South China Morning Post, they now see President Trump playing the ‘panda mask game’ and Beijing is angered about their own strategy being used against them.  Panda has sad:

“The current situation is very fluid and complicated with a lot of internal deliberations. Things will only be clearer after the negotiations resume,” said the expert, who spoke on condition of anonymity because of the sensitivity of the matter in China. (link)

♦House Speaker Nancy Pelosi appears to want to delay any passage of the USMCA. However, as soon as democrat candidates start being questioned about their position the pressure will mount toward ratification. That’s likely the reason why the U.S. media are not asking the candidates anything about trade policy.

The USMCA is structured to the benefit of U.S. workers; the Democrat candidates will likely all align in favor.  The U.S. media are protecting Pelosi et al by keeping the USMCA out of the headlines, but that cannot last too much longer.  It’s only a few ‘tweets’ away from surfacing…  like, maybe, tweets around the next debate?

::nudge, nudge:: – ::wink, wink:: – ::say no more, say no more::

President Trump Showcases One United American “Squad” Under God….


Incredible.  President Trump has once again showed incredible political instincts as he defines his opposition.  Watch this, stay with it, and it all comes together:

President Trump MAGA Rally – Greenville, North Carolina – 7:00pm Livestream…


Tonight President Donald J. Trump will be holding a campaign rally at Williams Arena in Greenville, NC.  The president is expected to speak at 7:00pm EDT with pre-rally speakers and events ongoing.

UPDATE: Video Added

RSBN Livestream Link – Fox10Livestream Link – GST Livestream Link

Giddy Up – IMF Outlines “Global” Danger From Trade War With President Trump…


An article from Reuters discussing the position of the International Monetary Fund (IMF) is interesting.   Essentially the IMF is warning that “global economies” will contract by $455 billion next year due to the ongoing trade conflict between the U.S., China, the EU and to a lesser extent, Japan.  Yes Alice, there are hundreds of billions at stake.

There’s really no reason to doubt the amount estimated, though I think it’s on the short side, but the yearly value seems in line.  I have no doubt President Trump will cost the “Global Economy” $455 billion…. because that money will be transferring back to the America First economy. That’s what happens as MAGAnomics reverses the IMF trade (wealth distribution) model.

The IMF is correct in part (the effect), incorrect in part (the cause), and mostly hypocritical.  The Euro-minded IMF rails against the high value of the U.S. dollar, but simultaneously ignores the motives behind the intentional devaluation of currencies that are pegged against the dollar.

WASHINGTON (Reuters) – The International Monetary Fund said on Wednesday the U.S. dollar was overvalued by 6% to 12%, based on near-term economic fundamentals, while the euro, the Japanese yen and China’s yuan were seen as broadly in line with fundamentals.

The IMF has been at odds with U.S. President Donald Trump over his use of tariffs to resolve trade imbalances, but its assessment that the dollar is overvalued is likely to give Trump more fodder for his frequent complaints that dollar strength is hampering U.S. exports.

Trump has railed against European and Chinese policies that lead to what he calls a devaluation of the euro and other currencies against the dollar.

[…]  The Fund – which has warned that the U.S.-China trade war could cost the global economy about $455 billion next year – said recent trade policy actions were weighing on global trade flows, eroding confidence, and disrupting investment. But they had done nothing to reverse external imbalances thus far. (read more)

China and the EU have devalued their currency in an effort to block the impacts from President Trump and the ‘America First’ trade policy.  Because those currencies are pegged against the dollar, the resulting effect is a rising dollar value.  In essence, the globalist IMF is now blaming President Trump for having a strong economy that forces international competition to devalue their currency.

That’s the stupid hypocrisy of global banking outlooks.  They make a decision to devalue their currency, which causes the dollar value to rise, and then turn around and blame the U.S. dollar for being overvalued.

The root cause of the devaluation is unaddressed in their argument.  The EU and China are trying to retain their global manufacturing position and offset the impact of President Trump’s tariffs by lowering the end value of their exports.

In the bigger picture this is why President Trump is the most transformative economic President in the last 75 years.   The post-WWII Marshall Plan was set up to allow Europe and Asia to place tariffs on exported American industrial products.  Those tariffs were used by the EU and Japan to rebuild their infrastructure after a devastating war.  However, there was never a built in mechanism to end the tariffs…. until President Trump came along and said: “it’s over”!

After about 20 years (+/-), say 1970 to be fair, the EU and Japan received enough money to rebuild.  But instead of ending the one-way payment system, Asia and the EU sought to keep going and build their economies larger than the U.S.  Additionally, the U.S. was carrying the cost of protecting the EU (via NATO) and Japan with our military.   The EU and Japan didn’t need to spend a dime on defense because the U.S. essentially took over that role.   But that military role, just like the tariffs, never ended.  Again, until Trump.

The U.S. economy was the host for around 50 years of parasitic wealth exfiltration, or as most would say “distribution”.  [Note I use the term *exfiltration* because it better highlights that American citizens paid higher prices for stuff, and paid higher taxes within the overall economic scheme, than was needed.]

President Trump is the first and only president who said: “enough”, and prior politicians who didn’t stop the process were “stupid” etc. etc.  Obviously, he is 100% correct.

For the past 30 years the U.S. was a sucker to keep letting the process remain in place while we lost our manufacturing base to overseas incentives.  The investment process from Wall Street (removal of Glass-Stegal) only made the process much more severe and faster.  Wall Street was now investing in companies whose best bet (higher profit return) was to pour money overseas.  This process created the “Rust Belt”, and damn near destroyed the aggregate manufacturing industry.

Fast forward to 2017 through today, and President Trump is now engaged in a massive and multidimensional effort to re-balance the entire global wealth dynamic.  By putting tariffs on foreign imports he has counterbalanced the never-ending Marshal Plan trade program and demanded renegotiation(s).  Trump’s goal is reciprocity; however, the EU and Asia, specifically China, don’t want to give up a decades-long multi-generational advantage.  This is part of the fight.

One could argue that China’s rise happened inside this period, and as a consequence they have no comprehension of an economic history without the institutional advantages.  They’ve never competed with the U.S. under any terms of equivelence or fairness; they’ve only ever known the advantages.  Combine that with the Chinese communist mindset and you get the extreme severity of their position.

So yeah, there’s going to be pain – for them; massive economic pain – as the process of reestablishing a fair trading system is rebuilt.  This dynamic is the essence of reciprocity that benefits Main Street USA.  Unfortunately, putting ‘America First’ is now also against the interests of the multinationals on Wall Street; so President Trump has to fight adverse economic opponents on multiple fronts…. and their purchased mercenary army we know as DC politicians.

No-one, ever, could take on all these interests.  Think about it…  The EU, Asia, World Bank, International Monetary Fund, China, Russia, U.S. Chamber of Commerce, Iran, U.S. Congress, Democrats, U.S. Senate, Wall Street, the Big Club, Lobbyists, Hollywood, Corporate Media (foreign and domestic), and the ankle-biters in Never Trump…. All of these financial interests are aligned against Main Street USA and against President Trump.

Name one individual who could take them on simultaneously and still be winning, bigly.

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.

Incredible.

Lord knows we can’t spare this man.

He fights!

THIS IS A MUST WATCH PRESENTATION!!!! Hans Rosling: Debunking third-world myths with the best stats you’ve ever seen