Amid ongoing trade stalemates with NAFTA and the EU, Commerce Secretary Wilbur Ross has announced the U.S. Commerce Department will no longer provide exemptions for the European Union, Canada or Mexico.
As anticipated, during a telephone briefing with reporters Secretary Ross announced at midnight tonight the 25% steel, and 10% aluminum, tariffs on imported goods will begin.
Via Reuters: U.S Commerce Secretary Wilbur Ross told reporters on a telephone briefing that a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports from the EU, Canada and Mexico would go into effect at midnight (0400 GMT on Friday).
“We look forward to continued negotiations, both with Canada and Mexico on the one hand, and with the European Commission on the other hand, because there are other issues that we also need to get resolved,” he said.
Ross offered little detail about what the EU, Canada and Mexico could do to have the tariffs lifted. (link)
The imposition of the import tariffs will likely break the impasse on current trade negotiations with multiple countries as they will now move to try and get their products exempted.
Australia, Brazil and South Korea (KORUS) have completed trade agreements with the U.S. and will remain exempt from any countervailing steel and aluminum duty. Japan is close to signing a similar trade agreement. However, Canada and Mexico (NAFTA), as well as the EU, have been unwilling to reach reciprocal and balanced trade agreements with the U.S. and will now be subject to the tariff.
The U.S. Chamber of Commerce representing Wall Street multinational interests will likely go bananas. Those DC politicians who are fully purchased by the U.S. CoC lobbyists will likely attack the administration….. all predictable.
(Via NBC) […] The European Commission fired back at the White House’s trade decision with a lawsuit, saying the E.U. “stands now ready to react to the U.S. trade restrictions on steel and aluminum in a swift, firm, proportionate and fully WTO-compatible manner. The E.U. will launch legal proceedings against the U.S. in the WTO on 1 June. The level of tariffs to be applied will reflect the damage caused by the new U.S. trade restrictions on E.U. products.”
Mexico’s Ministry of Economy released a statement saying “Mexico deeply regrets and rejects the decision of the United States to impose these tariffs on imports of steel and aluminum from Mexico as of June 1, under the criterion of national security. Mexico will impose equivalent measures to various products in the face of U.S. protectionist measures.”
[…] “These tariffs are totally unacceptable,” said Canadian Prime Minister Justin Trudeau in a press conference Thursday afternoon. “Over the past 150 years, Canada has been the most steadfast ally. The idea that Canada could be considered a national security threat to the United States is inconceivable.”
Starting July 1, Canada will levy “dollar-for-dollar” tariffs on a selection of American-made goods, said Foreign Minister Chrystia Freeland, announcing that the government had drawn up two lists of products that would be subject to either 25 percent or 10 percent taxation, until the U.S. changed its position. (read more)
QUESTION: Mr. Armstrong; I listened to your interview with Greg Hunter on USA Watchdog. For the first time, I really understand that debt is money that pays interest. That is the real money supply which is leveraged. It is the interest that keeps expanding the debt and forcing taxes higher and higher until it can’t expand anymore. Is this the end game?
I only hope when this house of cards comes tumbling down, you will be there to help.
Please keep up your
PL
ANSWER: We will see interest expenditures exceed military next year in the USA. Only then will people perhaps begin to pay attention to what I have been saying. Can you imagine that the debt of all nations is about to explode with the slightest uptick in interest rates? We will be going over this issue at the WEC. Just look at Italy when rates soared from 0.3% to 2.5% in a single day. When I say interest rates can rise DRAMATICALLY, this is no joke. The Quantitative Easing in Europe and Japan have destroyed their bond markets. The central banks buy everything. The Bank of Japan bragged how they bought 97% of the new debt. Hello! That means there is no market!
People always ask me why I do what I do meeting with political governments around the world and I do not charge them a dime! The answer is simple. If I took money from them, then I would be beholding to them. Strangely enough, they call me because they know I will tell the truth. The research we put out is NOT for sale to the highest bidder to be manipulated to support some agenda like they do in everything else right down to Global Warming. Yes, there are governmental agencies that pay for Socrates. That is different from meeting with me personally.
I am called (1) because there is no conflict of interest and (2) our computer is tracking the entire world and its forecast cannot be manipulated. So do you want to call someone who you pay to fashion studies to support whatever political agenda you have today? Or do you really want to know when the shit will hit the fan?
Paper money used to pay interest during the civil war. Nothing has really changed. Debt is now just money that pays interest. We have returned full circle
I do not know how else to say this. Cryptocurrencies are an ASSET CLASS and they are something to TRADE. All this stupid nonsense that they will revise the world monetary system with no pain and governments will be brought to the knees without firing a shot, I really do not know who makes up this nonsense. They clearly do not look at history nor do they understand human nature. We WILL crash and I hope the BURN then becomes possible where we get reasonable reform without the totalitarianism that is so common.
Cryptocurrencies are a trading vehicle – that’s it! It will by no means produce sweeping reform without the crash and burn. New ideas are adopted ONLY after a crash and burn. They called Keynes a nutjob and his ideas would be inflationary because the prevailing view was austerity. ONLY after the Great Depression did they turn to Keynes – NOT before.
As for the smartass remark, I am “too old” to understand the new age, I have been a programmer my whole life and what we have developed is still far ahead of the current norm. The last time I heard that remark was when I was an adviser to Temple University. Merrill Lynch was trying to see the way to leverage your returns which ended blowing up Orange County California and resulted in lawsuits of over $2 billion from various sources back in 1994. The scheme was to buy 30-year bonds, short 10-year against them, and capture the difference. Then leverage $1 million into $10 million and the tiny spread would double the interest rate on the original capital. The Temple Board told them I had to approve it. The analysts/salesmen flew in, showed me the scheme, I rejected it and warned them that if interest rates rose, the trade would explode in their face. Their losses would be reversed leveraged. They went back to Chicago, reworked the numbers, flew back and said see it would be a break even. I laughed, told them they assumed they would be able to get out of a trade that went bad without volatility. That was a fool’s game. I explained that this was the trust fund for the university they wanted to speculate with. I would not approve it. They then told the board I was “too old” to understand the “new way” to make money.
So the last time I was “too old” to understand the “new way” to make money was when I was 45. Human nature is always the same. When they have to say I’m “too old”, it means they have no legitimate argument to put forth. Such transformations of this magnitude take decades. NOT a single one of the big IT companies are doing ANYTHING with cryptocurrencies. Just trade it and be happy. Why put out this nonsense how it will change the world in a matter of weeks or months why that is absurd. They rejected Keynes. It took the collapse of the world monetary system before that adopted Keynesianism. There is NO POSSIBLE WAY that cryptocurrencies will just change the world without a CRASH & BURN.
Business Insider has published a map of the top 10 most expensive places to live and work and guess what – Seattle is in the list even before they impose this new outrageous tax of $275 per employee for companies that do more than $20 million in business annually. They claim it is for the homeless people which is really nonsnse. It’s like New York City taxing cigarettes to make people stop and when they do, they taxed the electronic cigarettes because their revenue declines. Once a government gets its hand on a tax, it is used wherever they need money and they never let it go. Like tolls on bridges and tunnels that were said to be there just to pay for the construction. The tunnels into NYC made so much money, the Port Authority then used it to build the World Trade Center. Then because it was government, they did not put sprinklers in the stairwells to save money where anyone else would have gone to prison for life.
The number of businesses being hit is not just Amazon. These cities are becoming the place to avoid and they just never stop with the taxes. They go through money like it is water to be flushed down the toilet.
Seattle has certainly reached the top our the list of where NOT to recommend any business establishment. This is how empires, states, and cities die. They just keep imposing more and more taxes without end so it simply becomes less burdensome to pick up and leave. The top states where there is now a net migration out are California, Illinois, New York, and New Jersey. Cities that are dying rapidly are like Chicago. Seattle’s homeless tax will most likely be the straw that breaks the back of that city as well.
What is astonishing is the fact that Amazon put a hold on its development of offices there, and the city wanted to call this extortion justifying criminally charging Amazon? Clearly, nobody should even consider Seattle as a place for business and the aggressiveness and insanity of taxation in that city will not end here. California is also in the same direction. This “liberalism” is actually totalitarianism for they then justify punitive actions against anyone who disagrees. DO NOT set up businesses in California up to Washington State. It just may be time to leave before it is too late and it becomes a crime to migrate. New Jersey put in an EXIT TAX. You have paid your taxes in that state all your life. You reach the point you cannot afford to retire there. They then impose a tax to leave the stat
U.S. Secretary of State Mike Pompeo began the first meeting with North Korean emissary Kim Yong-chol today in New York. Over the next two days the two leaders are anticipated to discuss terms of North Korean denuclearization and the possibility of a summit in Singapore between President Donald Trump and North Korean Chairman Kim Jong-un.
Pompeo arriving like a boss
Kim Yong-chol, is one of the most influential North Koreans outside of the Kim Jong-un family. Premier Kim Yong Chol has been closely involved in with talks with South Korea and is the most senior DPRK official to set foot in the US since 2000.
Over the next two days Secretary Pompeo and Premier Kim Yong-chol are anticipated to discuss the granular details of North Korea giving up all nuclear weapons. There is a great deal of responsibility on the shoulders of Pompeo to ensure clarity of expectations in advance of any further diplomatic meetings.
North Korean’s leader’s right hand man, arrived at a New York apartment near the UN headquarters for a steak dinner meeting shortly after Secretary Pompeo arrived: VIDEO:
The Wall Street Journal is publishing a report the European Union is likely to lose their exemption on Friday June 1st, from the U.S. Steel (25%) and Aluminum (10%) tariffs. Despite their article outline almost everything is still speculation at this point; however, our own review of the trade position indicates the administration is very prepared to begin delivering the metal tariffs on all nations, including NAFTA partners, without reservation.
President Trump positioning the auto-industry 232 review, May 23rd, was one of the key ‘leverage signals‘ something was about to change.
Despite massively one-sided EU imposed tariffs against U.S. products, the EU is demanding to be permanently exempted from any U.S. reciprocal tariff measures or they will block the import of U.S. products. The hypocrisy is typically European.
Adding fuel to the speculation the tariff exemptions will be allowed to expire Commerce Secretary Wilbur Ross stated earlier today, at the Organization for Economic Co-operation and Development (OECD) summit – a multinational trade conference, that any/all trade discussions are entirely possible regardless of whether the U.S. begins the tariff against steel and aluminum imports.
WSJ – […] Mr. Trump has threatened to punish EU car exports if the bloc retaliates, and Mr. Ross is pursuing a study of car and auto-part imports similar to the one he completed on steel and aluminum.
Officials in some EU member states are already angry at Washington over Mr. Trump’s decision to pull out of the Iran nuclear deal. Still, others, including some German officials, want to seek a solution that prevents economic damage.
French President Emmanuel Macron said Wednesday the EU shouldn’t respond to pressure with weakness.
“The day before an important decision I want to repeat this: Unilateral responses and threats of trade war resolve none of the serious imbalances in global trade,” Mr. Macron said at the gathering with Mr. Ross. “A trade war is always a war lost by everyone.”
“Independently of this decision we must do everything to protect our interests and act with self-confidence and yet preserve free trade as much as possible,” said Peter Altmaier, Germany’s minister of economic affairs, following a meeting with Mr. Ross.
Mr. Ross said in Paris that “every country’s primary obligation is to protect its own citizens and their livelihoods.” (read more)
Erdogan has asked all the Turkish people to convert their dollars to Turkish Lira. This is a desperate act. The rumors behind the curtain are running wild. Many are concerned that Erdogan’s policies have just destroyed the confidence in his government both internally and externally. Turkey is now on watch for a possible monetary collapse. The key monthly closing resistance stands at 42425.
Canada is vowing to retaliate against the U.S. if President Trump subjects NAFTA partners to the same tariffs as other trade nations and eliminates the NAFTA loophole. {Go Deep}
The NAFTA Loophole allows Canada and Mexico to broker independent trade deals with Asian and European companies; then use their Mexican and Canadian access to the U.S. market as a backdoor around U.S. Tariffs.
This loophole has been exceptionally rewarding for both Canada and Mexico and for more than a decade they have structured their economies around loophole retention. U.S. corporations, seeing advantages from cheap Asian parts in Mexico and Canada, have moved some manufacturing there to take advantage. In an effort to reset the trade imbalance created by the loophole President Trump is threatening to close it.
OTTAWA (Reuters) – Canada will “respond appropriately” to any U.S. steel and aluminum tariffs, Foreign Minister Chrystia Freeland said on Wednesday, less than two days before the punitive measures are due to kick in.
“The government is absolutely prepared to – and will defend – Canadian industries and Canadian jobs. We will respond appropriately,” Freeland told reporters when asked about possible U.S. action.
Canadian government officials have said they are prepared to impose retaliatory tariffs should the Trump administration make a move but have not revealed what they have in mind.
Trump says the steel and aluminum tariffs would be imposed for security reasons, which Freeland said was “frankly absurd”. Canada has repeatedly rejected any suggestion it could be a threat to the United States.
Freeland spoke after returning from Washington, where she met U.S. Trade Representative Robert Lighthizer to discuss NAFTA. The negotiation “will take as long as it takes to get a good deal”, she said. (read more)
Foreign Minister Freeland will not allow Canada’s economic needs to be ignored:
Earlier today President Trump signed S. 204, the “Right to Try Act”. The legislation provides terminally ill patients with the right to try experimental medicine and medical procedures. Detail: authorizes certain patients to seek access to certain unapproved investigational drugs directly from a drug sponsor or manufacturer; limits the use of clinical outcomes and liability arising from the provision of such drugs; and provides reporting requirements for the use and outcomes of the new authority.
[Transcript] 12:31 P.M. EDT – THE PRESIDENT: Thank you very much, everybody. I really appreciate it. This is — to me, this is a very important moment, a very important day. Been looking forward to this for a long time, along with Senator Ron Johnson. And I will tell you, we worked hard on this. I never understood why it was hard.
They’ve been trying to have it passed for years. I never understood why. Because I’d see people — friends of mine, and other people I’d read about, where they’d travel all over the world looking for a cure. And we have the best medical people in the world, but we have trials and we long time — 12 years, 15 years. Even when things look really promising, so many years. And I never understood why they didn’t do this. And we worked very hard.
And I want to thank Vice President Pence for helping us so much. Mike was in there, and I’d say, “Mike, how we doing? We got to get it approved.” And he was — he was really working it. And in my State of the Union Address, four months ago, I called on Congress to pass Right to Try. It’s such a great name. Some bills, they don’t have a good name. (Laughter.) Okay? They really don’t. But this is such a great name, from the first day I heard it. It’s so perfect. Right to Try.
And a lot of that trying is going to be successful. I really believe that. I really believe it.
So we did it. And we went through the Senate, we went through the House. The House had a bill. The Senate had a bill. We’d go and mesh them together. We got to go back and take votes. And I said, do me a favor — tell me, which is the better bill for the people? Not for the insurance company, not for the pharmaceutical companies. I don’t care about them. I really don’t. I couldn’t care less. (Applause.)
And that’s the bill I — I won’t tell you which one. But I took the one that was — (laughter) — they said one in particular was great for the people. Not so good for the others, but great for the people. We don’t care about the others right now. And it’s giving terminally ill patients the right to try experimental lifesaving treatments. And some of these treatments are so promising.
And we’re moving that timeline way up anyway, beyond this. We’re moving it way up. But it’s still a process that takes years. Now it takes up to 15 years; even 20 years, some of these treatments are going. But for many years, patients, advocates, and lawmakers have fought for this fundamental freedom. And as I said, incredibly, they couldn’t get it. And there were reasons. A lot of it was business. A lot of it was pharmaceuticals. A lot of it was insurance. A lot of it was liability. I said, so you take care of that stuff. And that’s what we did.
Today I’m proud to keep another promise to the American people as I sign the Right to Try legislation into law. (Applause.)
Right? (Speaks to participant on stage.) You’re so beautiful. So beautiful.
If I looked like that, I would have been President 10 years earlier. (Laughter.) If I had that face, if I had that head of hair, I would have been President so long ago. (Laughter.) That’s great.
So I want to thank a couple of people. Secretary Azar is here. Where’s the Secretary? Secretary? Please stand up. You have worked so hard on this. (Applause.) Thank you very much. You’ve really done a great job. And we’re going to have another exciting news conference over the next, what, three weeks? Four weeks? Two weeks? What do you think? On healthcare. We’re going to have great healthcare. We’ll get rid of the individual mandate. Without that, we couldn’t be doing what we’re doing in a few weeks. We’re going to have great, inexpensive, but really good healthcare.
And we have two plans coming out. We also have, through our great Secretary of Labor, we have a great plan coming out, and that’s through associations. We’re going to have two plans coming out. For the most part, we will have gotten rid of a majority of Obamacare. Gotten tremendous — (applause) — yeah. Could have had it done a little bit easier, but somebody decided not to vote for it, so it’s one of those things.
I want to thank Secretary Azar, and I want to thank Commissioner Gottlieb. Where’s Scott? Scott, stand up. (Applause.) Ooh, I like those — I like those socks, Scott. And, Scott, let me ask you. So it takes years and years to get this approved, right? You’re bringing down — beyond this, you’re bringing down that period of time. What is the average time now it takes for, you know, a major medicine or cure? What’s the average time it takes to go through the system and get an approval?
COMMISSIONER GOTTLIEB: Depends on the medicine. Probably three to seven years.
THE PRESIDENT: Three to seven. And some go long over 10, right?
COMMISSIONER GOTTLIEB: Some can go much longer.
THE PRESIDENT: And you’re bringing that down? You’re trying to bring that down? You know, for safety. Very good. And you, in particular, you’re very happy with this. Aren’t you?
COMMISSIONER GOTTLIEB: We are.
THE PRESIDENT: You have a lot of good things in the wings that, frankly, if you moved them up, a lot of people would have a great shot. Right?
COMMISSIONER GOTTLIEB: We’re trying to get (inaudible), Mr. President, under your leadership.
THE PRESIDENT: Right. That’s fantastic. Well, thank you, Scott. We’re very proud of the job you’re doing.
We’re also working very hard in getting the cost of medicine down. And I think people are going to see, for the first time ever in this country, a major drop in the cost of prescription drugs. Right? (Applause.) And, Mr. Secretary, that’s already happening. Right? That’s already happening. You were telling me yesterday that we’re seeing a big — a tremendous improvement. And you’re going to have some big news. I think we’re going to have some big — some of the big drug companies in two weeks. And they’re going to announce — because of what we did, they’re going to announce voluntary massive drops in prices. So that’s great. That’s going to be a fantastic thing.
You know, we’re working on some really great things. Aren’t we? When you think about it. Ron, pretty good. Huh? We could do some of those — healthcare, drug prices. But this is the baby. Right now.
We would not be here today without the tireless efforts of dedicated members of Congress. That’s so true. I want to especially thank Senator Ron Johnson — stand up please, Ron — (applause) — for his tremendous leadership. You know, I just tell you, he doesn’t stop. He doesn’t give up. You know, it’s good. It’s good for all of us. This guy, Ron, very capable, very — he just doesn’t give up. So when we started working, I knew this was going to happen.
I also want to thank Senator Donnelly. Senator Donnelly, thank you very much. That’s really great. Appreciate it. Thank you. Thank you. (Applause.) A fantastic young gentleman, Brian Fitzpatrick of Pennsylvania. Brian, congratulations. And I know how hard you work, Brian. (Applause.) And Dr. Michael Burgess. Do you like being called “Doctor” or “Congressman”? I think “Doctor” is better. I like “Doctor.” (Laughs.) So we’ll call him Doctor. (Applause.) Thank you, Michael, very much. Great job. You worked — I know how hard everybody worked, and I really appreciate it. Everybody appreciates it. The country appreciates it. Because nobody understood why this wasn’t happening. You know, they’ve been talking about this for how long, Ron? Twenty-five years?
SENATOR JOHNSON: A long time.
THE PRESIDENT: A long time. A lot of talk. Politicians. It’s a lot of talk.
I also want to thank Energy and Commerce Committee Chairman Greg Walden, who’s not here. But he really worked hard with us. He really did. (Applause.) And thanks, as well, to state and local officials here today who fought for this important cause. They fought so hard, so many of them. I want to thank you for the incredible work that you’ve done on behalf of these and all wonderful Americans. I mean, anybody can be there someday. Anybody can be there. Could you all stand up — the state, local people that worked so hard on this? Because you really have been — thank you. Yep. Thank you, fellas. (Applause.) Couldn’t have done it without the state and local, and I appreciate it. Really great job. Thank you.
Most of all, we’re honored to be joined by several brave Americans for whom this bill is named. Matthew Bellina, who is battling ALS, and his incredible wife Caitlin. Matthew. Right? (Applause.) Thank you. Thank you. Laura McLinn and her son, Jordan, who is battling muscular dystrophy. Some good answers. (Applause.) That’s so great. Thanks. Thanks for being with us, Jordan. We’re going to have some good answers for you. (Laughter.) Matthew, you’re going to be happy. You are happy. Frank Mongiello, who’s battling ALS, and who’s joined by his wife, Marylin, and their six children. Wow. That’s fantastic. That’s fantastic. (Applause.) Thank you. Six children. And finally, I want to thank for being here and introduce Tim Wendler, who tragically lost his wife Trickett to ALS, and joined also by their three children. So, Tim, thank you very much. Thank you, Tim. (Applause.)
I want to thank you all for being here. You have extraordinary courage, determination, and love. You have love. Real love. And thanks to you, the countless American lives will ultimately be saved. We will be saving — I don’t even want to say thousands, because I think it’s going to be much more — thousands and thousands, hundreds of thousands. We’re going to be saving tremendous numbers of lives. And it’s so great that you’re up here with us and that we’re all on this front line together.
Each year, thousands of terminally ill patients suffer while waiting for new and experimental drugs to receive final FDA approval. It takes a long time, and the time is coming down. While we were streamlining and doing a lot of streamlining, the current FDA approval process can take, as Scott just said, many years — many, many years. And for countless patients, time, it’s not what they have. They don’t have an abundance of time.
With the Right to Try law I’m signing today, patients with life-threatening illnesses will finally have access to experimental treatments that could improve or even cure their conditions. These are experimental treatments and products that have shown great promise, and we weren’t able to use them before. Now we can use them. And oftentimes they’re going to be very successful. It’s an incredible thing.
The Right to Try also offers new hope for those who either don’t qualify for clinical trials or who have exhausted all available treatment options. There were no options, but now you have hope. You really have hope.
Matthew Bellina, who is here with us, is just one example of many Americans who today has new cause for hope. Due to the late progression of Matt’s ALS, he doesn’t qualify for any clinical trials in the United States. He wouldn’t qualify; couldn’t do it. They tried; he didn’t qualify.
Despite his limited mobility and budget, he was planning on traveling thousands of miles away, to Israel, to receive a treatment that is still awaiting FDA approval in America. No one in Matt’s position should ever have to travel from our great country to another continent or another country to receive a treatment.
Now, with the passage of this bill, Americans will be able to seek cures right here at home, close to their family and their loved ones. We are finally giving these wonderful Americans the right to try. So important. (Applause.)
America has always been a nation of fighters who never give up. Right? We never give up, ever. Right? Never give up. We’re fighters, like the amazing patients and families here today.
Now, as I proudly sign — and this is very personal for me. But as I proudly sign this bill, thousands of terminally ill Americans will finally have the help, the hope, and the fighting chance — and I think it’s going to be better than chance — that they will be cured, that they will be helped, that they’ll be able to be with their families for a long time or maybe just for a longer time. But we’re able to give them the absolute best, as to what we have at this current moment, at this current second. And now, we’re going to help a lot of people. We’re going to help a lot of people.
So it’s an honor to be signing this. And if I might, I think I’ll present — I think I have to do this, Ron. I have to present this good-looking guy with the first pen. Is that okay? You don’t mind, right? Okay, good. I’m going to do that. (Applause.)
(The bill is signed.) (Applause.)
So I want to thank — (laughter) — it’s going to be fantastic.
Thank you all very much. This, to me, is very exciting. And you’re going to see some tremendous results. We’re going to have some incredible, incredible results.
So thank you all for being here. And all of the people in the audience who have been so helpful, thank you very much. It’s going to be something very, very special. Thank you. (Applause.)
QUESTION: Martin
Thanks again for all you do.
The subtext of most of what you talk about is overwhelmingly negative. Inflation, deflation, earthquakes, disease, government default, over taxation….. etc. Am I correct in thinking that despite your advice you anticipate most of your readers, even the most wealthy, will be left with little to hand over to their children and grandchildren by the time we get through to 2032 +/- ?
Regards
P
ANSWER: If someone stands in front of you and says they are going to punch you in the face, do you
(1) just stand there and let me hit you,
(2) move, or
(3) put up a guard and defend yourself?
Yes, the climate is turning back to cold. Yes, a single volcano can result in worldwide famine if it is big enough to block the sun for a few months as was the case with Huaynaputina which is a stratovolcano in Peru that erupted in 1600. Then there was the Year without a Summerwhen it was snowing in New York City during July. This may sound horrible, but it is also an OPPORTUNITY to shift investment money at the right time into commodities to survive. That is aside from the fact that you should be wise and stock up on some supplies and canned food in case that event unfolds. Just look at it as buying fire insurance just in case.
A disease is often a lifeform. Viruses mutate and we can think we are clever and create drugs to kill them, but then they mutate and defend themselves against our defenses with the object of infecting humans or killing us. That is their role in nature and we all have our purpose in this environment. There is the Nipah virus so far confined to southern India for which there is no cure and it kills 75% of the people infected. This is nature out to get us. That is simply who the workd works. We cannot pretend it does not exit. It’s just best we know where it is and stay out of that region.
Sweden has issued a booklet to its people telling them what to do in a crisis or in war comes with Russia. An economic crisis is coming and the question becomes do you only want to hear the nice things and then find out your pension is gone as they are in Illinois, or do you want to prepare for the worst (buying life insurance) but hoping for the best (not collecting on it)? The government employees in Decatur, Illinois may soon find that they have no jobs because the town can’t pay those on pensions sucking up the money that prevents current employees from earning a living.
To me, this like more like Joseph warning the Pharaoh that there is a cycle of 7 years of plenty followed by 7 years of drought. If you know what is coming and prepare for it, you survive. It is as simple as that. We can hide our head in the sand and pretend nothing will every happen or go wong. Then we are unprepared and we will fail. I get called into crisis management problems because the people so close to it are emotionally blinded and cannot see the solution.
What is left at the end of 2032? The British Empire fell but Britain is still there. The fall of the United States may end in the breakup of the country into regions based upon huge cultural differences. One example that illustrated the vast differences in culture between regions of the United States is when California agreed to pay for a sex change of a convicted murderer who is serving a life sentence no less. It is hard to imagine any state in the South or Mid-West agreeing to such a procedure. California is raising taxes because its state employee pensions are underfunded. They have the money to pay for sex changes for people they have no intention of ever releasing? Many in the USA regard California as being just so far left, it should indeed just separate and become its own country.
The monetary system will change. That is beyond question. It is also beyond question that the dollar will rise and the rest of the world begins to crumble from its economic mismanagement of government. That dollar rise will break the back of the monetary system and the NUMBER one thing to survive will be tangible assets – stay away from government bonds. So will you have something left at the end of the day to leave your grandchildren? Yes, if you listen and understand the shifts underway and realize that there is a difference between assets and cash.
The system will break. I am doing what I can for my grandchildren. I have an expiration date so I will not have to be here after 2032. By exposing the problems and showing what the solutions are, just maybe when the money tree comes crashing down, we can all speak up and be heard to make sure what comes thereafter will be a reset in the proper direction compared to totalitarianism. EVERY Republic and Democracy has collapsed because of corruption. If you really care about your grandchildren, then understanding which direction we have to push this falling money tree to create an OPPORTUNITY for them will be extremely important.
This is WHY I have continued to do the WEC events. We have to stay on top of what is happening globally to survive the future. If there is an urgent change in anything discussed at these events I will send an email notifying attendees of what has taken place. These events are never about my OPINION. They are about reviewing the entire world to enable us to see the trend and have CONFIDENCE in acting accordingly.
So what I highlight may seem negative, but we learn from our mistakes, not our victories when we think we can walk on water. Some governments listen and take action, but they are the rising stars not the dominants ones now!
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
Centinel2012 