James Comey Pens Farewell Letter…


FBI Director James Comey pens a farewell letter to his colleagues.  Cue the sad virtue signaling music:

**sniff**

Senators John McCain and Ben Sasse Announce Intent to Vote Against Robert Lighthizer Trade Rep Confirmation…


The economic lobbyist community known as The Big Club is represented most visibly by the U.S. Chamber of Commerce and Tom Donohue.

Via the Wall Street community, CoC President Donohue pours tens of millions of multinational corporate contributions into DC lobbying efforts to retain control over politicians and legislation that relates to U.S. trade and economic matters.   [FYI Donohue’s Chamber of Commerce lobbying group were the primary architects of the now dispatched TPP trade deal; they actually wrote the U.S. part of the construct.]

Tom Donohue funds a large number of politicians in DC in an effort to control the outcomes of legislation and policies that could become adverse to his multinational interests.  Two of those primary beneficiaries are John McCain and Ben Sasse.

As a consequence it doesn’t come as a surprise to see McCain and Sasse announce their intention to block the confirmation of U.S. Trade Representative Robert Lighthizer:

REUTERS – Republican U.S. Senators John McCain and Ben Sasse said on Wednesday they would vote against President Donald Trump’s nominee for U.S. trade representative, Robert Lighthizer, because of his opposition to the North American Free Trade Agreement.

“Unfortunately, your confirmation process has failed to reassure us that you understand the North American Free Trade Agreement’s (NAFTA) positive economic benefits to our respective States and the nation as a whole,” McCain and Sasse said in a letter to Lighthizer. (read more)

Commerce Secretary Wilbur Ross, Treasury Secretary Steven Mnuchin and President Trump strongly support Lighthizer for U.S. Trade Rep.   The institutional control agents within K-Street, aka the economic lobbying group, do not.

The bottom line arguments center around retention of global multinational economic interests that are antithetical to President Trump’s ‘America-First’ economic and trade platform.   K-Street wants to retain three decades of Wall Street control over trade to position the multinational interests as a priority.  President Trump wants to break K-Streets lobbying grip and work trade policies that benefit Main Street, not Wall Street.

The issue(s) behind the argument is/are complex, and the political lobbying expenditures only compound the matter.  In essence over the past three decades large portions of U.S. agriculture have been sold to multinational corporations.  With control over production principles, those multinational corporations manipulate the market value of U.S. agricultural outputs to retain the highest profit margin.

It is not a free market system, it’s a controlled market system; and the control is not domestic ownership, it’s multinational corporations.  Part of the way they control the pricing of U.S. agriculture outputs is through export control; the traditional supply and demand commodity equation is non-existent.

This is not a free market.  When multinational corporations control commodity pricing, it is not a free market.  The paradigm that everyone needs to remember is that a free market doesn’t exist because the owners (control agents) of the market are not independent – they are massive institutional multinational corporations.  Through heavy handed contracts pushed on farmers they control the product from field to processing and beyond.

The export of domestic food production is a big part of the reason why U.S. food prices have skyrocketed in the past decade.  The corporations factor in an ability for the U.S. to afford higher prices than alternative destination nations; they know you have the ability to pay more, so they export more and recipient nations pay less.

Again, it’s a complex dynamic but this also ties into the same groups lobbying for increased consumer welfare payments on SNAP and EBT (food stamp) legislation.  Yes, multinational corporations -who control agriculture- lobby congress to fund more subsidy payments for food.  This allows them to export more, tighten the domestic supply, drive up U.S. pricing and increase their profit.  It’s a deeply tentacled controlled process toward increasing the bottom line profit margin of the Wall Street entities.

They have more to export (they make more money), and they drive up the domestic pricing (they make more money), and they pay the lobbyists for welfare legislation to subsidize U.S. food pricing (they make more money).   That’s the basic scheme, and when you know the financial con you can spot their motives.

Unfortunately, when you know the con it can explode your blood pressure to fully grasp how much we are getting ripped off.  Especially when you read their insufferable reasoning to keep the current system in place.

So knowing that, here’s the letter of opposition from McCain and Sasse who are being paid by these lobbying entities to retain this controlled market system:

Dear Mr. Lighthizer,

We write to explain our intent to oppose your nomination to be United States Trade Representative (USTR). Unfortunately, your confirmation process has failed to reassure us that you understand the North American Free Trade Agreement’s (NAFTA) positive economic benefits to our respective States and the nation as a whole. We fear that you do not have an appreciation for the millions of jobs created by this free trade deal, and that you would not champion agriculture during your time as USTR. Furthermore, we worry that you would not negotiate trade deals that would protect the American consumer and expand economic growth. These concerns, along with the need for Congress to grant you a waiver to serve in the Trump Administration in a must-pass omnibus spending bill is troubling.

Beyond your vocal advocacy for protectionist shifts in our trade policies, the Administration’s ongoing, incoherent, and inconsistent trade message has compounded our concern. This is especially troubling because confirming a USTR grants the Administration additional legal authority to negotiate trade deals that Congress must consider under “fast track” procedures. Given these circumstances, granting the Trump Administration additional legal powers through your confirmation without understanding how you or the Administration intend to use those powers would be irresponsible.

A constant theme throughout your confirmation process has been your failure to grasp the importance of protecting agriculture in trade negotiations. Your meeting with one of us (Senator Sasse) did nothing to disabuse of us this notion. America needs a USTR who will effectively defend agriculture during trade negotiations and fight to expand agricultural export markets, not let America’s farmers and ranchers become collateral damage in a trade war.

You also have made your skepticism of NAFTA well known, which we find to be alarming. America deserves a USTR who will renegotiate NAFTA in order to build on its successes, not as a pretext for unraveling it. Mexico and Canada are two of our largest export markets and the free movement of goods is essential to the growth of our national economy. For example, Mexico is Arizona’s number one trading partner, accounting for 40 percent of the State’s exports to foreign markets. This is due to the free trade policies in NAFTA that create fewer trade barriers with Canada and Mexico, which makes it easier for Americans to make a living and provide for their families. Further, according to the Nebraska Farm Bureau, a withdrawal from NAFTA could cost Nebraska farmers and ranchers more than $2.6 billion per year in agricultural exports. Increasing trade barriers with Canada and Mexico, and risking a trade war, only hurts American families and small businesses.

The Trump Administration’s incoherent and inconsistent trade posture to date makes it impossible for us to overlook our concerns with your nomination. On April 29, 2017, President Trump signed an executive order that required the Secretary of Commerce and the USTR, in consultation with several federal agencies, to “conduct comprehensive performance reviews” of all of the United States’ free trade agreements and “renegotiate or terminate” policies that the Administration believes are harmful to the United States. This executive order was signed only days after the release of troubling reports of the Trump Administration’s preparations to withdraw from NAFTA. Reports that the Administration is even considering withdrawal from NAFTA is contrary to previous statements from key Administration officials – including Dr. Peter Navarro,[1] Secretary Wilbur Ross, [2] and Secretary Steve Mnuchin,[3] – that NAFTA would only be up for re-negotiation, not withdrawal. These disjointed positions are causing great uncertainty over the Administration’s trade objectives.

Moreover, this incoherent and protectionist message on trade has caused serious uncertainty for export markets, and has harmed our valuable relationships with Canada and Mexico. The Administration’s actions may also encourage our trading partners to move their markets elsewhere, especially if they believe that future negotiations will hurt their interests. For example, Mexican officials have cited the possible re-negotiation of NAFTA as a major reason why they are currently pursuing actions to import less corn from the U.S. and more from other nations, including Argentina and Brazil.

Other countries may follow Mexico’s suit. For example, China continues to advance the Regional Comprehensive Economic Partnership (RCEP), a regional multilateral trade agreement in the Pacific that includes our current FTA partners, South Korea and Australia, as well as Japan, a potential FTA partner. According to the Congressional Research Service, should the RCEP move forward in its current form, the “United States would face higher tariffs in RCEP markets”[4] and thus many of our trading partners could run to RCEP markets under trade rules set by China.

Confirming your nomination would allow the Trump Administration to negotiate “fast track” trade agreements, a power that Congress granted the executive branch in the 2015 reauthorization of TPA. For us to consider the complete implications of confirming you, the Administration would need to provide Congress with clear trade objectives with respect to: 1) the North America Free Trade Agreement (NAFTA), as well as a timeline for upcoming negotiations; 2) other free trade agreements (FTA); and 3) future FTAs, including which countries the Administration intends to pursue trade negotiations and timelines on those intended negotiations.

We hope the future actions and the Administration’s future actions will prove us wrong. The economic well-being of consumers, small businesses, farmers, and ranchers across our country depend upon it.

Sincerely,

U.S. Senator Ben Sasse

U.S. Senator John McCain

(source link)

Now you can see why this same group of usurping senators are refusing to accept the NAFTA letter of intent from Secretary Ross.  We have to fight these jackasses head on.  The first step in fighting them is to understand the rigged system they control and why they are controlling it…. that is currently important battle-space.

Advertisements

The Dow & Volatility


With the CBOE Volatility Index (STOXX: .VIX) at its lowest level in over 10 years, many people call this the fear gauge and are concerned that people have become complacent. The VIX, is by no means a perfect measure of overall fear in the market. How we measure volatility depends upon the formula. Here are just three indicators of volatility each measured differently (1) internal being the different between the high and low of that session, (2) the close to close degree of volatility, and then (3) overnight volatility which is measured from the day’s close to the next day’s open.

The VIX is not a perfect indicator and it is different from how we look at volatility. You can see here that we ran our Internal Volatility measurement on the VIX and the low was January 2012. Here is the comparison on the Dow so you can see where the VIX low took place whereas our Internal Volatility has declined since that period of time.

The biggest risk to volatility going forward was Trump’s dismissal of Comey. This could now act as a battle cry to stop his tax reform – very stupid decision.

Trump Fires Comey – Right Decision – Wrong Timing


Trump fired Comey who was the head of the FBI. Trump said he fired Comey for his handling of an election-year email scandal involving then-Democratic presidential nominee Hillary Clinton. This is a perfectly valid argument, but he should have done that some time ago. Removing Comey now has only raised suspicions among Democrats and the Republic Elite who both want to stop Trump from really reforming anything for they like their perks as is. Worse still, this was a stupid decision that may now put in jeopardy his whole tax reform.

The timing of this is really bad when it is the FBI probe that is involving Russia and the claims that his people were in contact with Putin. Some Democrats compared this move to the “Saturday Night Massacre” of 1973, when President Richard Nixon fired an independent special prosecutor investigating the Watergate scandal.

Trump should have had better judgment in this matter. I question his real motives because he had plenty of time to fire Comey and should have done so for his whitewash of Hillary. Moreover, Comey was the Assistant US Attorney in the Southern District of New York – the most corrupt judicial post in the nation. Comey always did his part in protecting the bankers. His whitewash of Hillary was interlinked with that position and should have been questioned long ago.

Nevertheless, this raises concerns about Trump’s political advisers. Are they really this stupi

Secretary Tillerson Welcomes Russian Foreign Minister Lavrov To State Dept…


Earlier today, following a brief visit to the White House, Secretary Rex Tillerson welcomed Russian Foreign Minister Lavrov to the State Department.

.

STATE DEPT – “I want to welcome Foreign Minister Lavrov to the State Department and express my appreciation for him making the trip to Washington so that we can continue our dialogue and our exchange of views that began in Moscow with the dialogue he hosted on a very broad range of topics. Thank you.”

~ Secretary Rex Tillerson

Again, the multidimensional politics of how President Trump utilized the leverage of Comey’s firing to diffuse the toxic antagonism with the Russian relationship is so far beyond diplomatic history making – modern historians have not yet been born who can aptly outline its consequence.

♦ President Trump stroked the Chinese Panda perfectly in Mar-a-lago.
♦ Today President Trump tickled the Russian Bear.
♦ We have already seen the jaw-dropping benefits from the Panda.
♦ Now we get to watch the results from the Bear.

History in our lifetime, and yet the media can’t even fathom the scope and details within the execution of a strategy…. right down to the optics of the tie.

“complicated business folks,… complicated business”

Officials Being Interviewed for Interim FBI Position – With VP Mike Pence Interview…


(Via ABC) U.S. Attorney General Jeff Sessions and Deputy Attorney General Rod Rosenstein are interviewing candidates to take over the FBI as interim director, after James Comey’s firing Tuesday.

Four candidates are being interviewed today, fielded from senior FBI and Justice Department officials and the heads of FBI field offices across the country, according to a Justice Department official.

The four candidates: FBI Executive Assistant Director Paul Abbate, who leads the agency’s cyber and criminal branch; National Counterintelligence Executive William Evanina; Special Agent Adam Lee, who runs the Richmond field office; and Special Agent Michael Anderson, who runs the Chicago field office.

A new FBI director is expected to be chosen and announced within the next 24 to 48 hours.

“The president is in the process of evaluating individuals who will be able to fill that spot, lead the FBI and restore the confidence in the American people,” Vice President Mike Pence said today on Capitol Hill.  (read more)

Watch Vice President Mike Pence:

,

President Trump Announces Third Wave of Federal Judicial Nominations…


[ Via White House ] President Donald J. Trump today announced his third wave of Federal judicial appointments. These appointments follow the successful nomination and confirmation of Justice Neil M. Gorsuch to the Supreme Court of the United States and the nomination of Judge Amul R. Thapar of Kentucky to serve as a Circuit Judge on the U.S. Court of Appeals for the Sixth Circuit. Specifically, the President today announced his nomination of these individuals to the following Federal judgeships.

♦ If confirmed, Amy Coney Barrett of Indiana will serve as a Circuit Judge on the U.S. Court of Appeals for the Seventh Circuit. Amy Coney Barrett currently serves as the Diane and M.O. Miller II Research Professor of Law at the Notre Dame University Law School. Professor Barrett teaches and researches in the areas of federal courts, constitutional law, and statutory interpretation—publishing scholarship in leading legal journals, such as the Columbia, Virginia, and Texas Law Reviews. Before joining the Notre Dame faculty, Professor Barrett clerked for Associate Justice Antonin Scalia of the Supreme Court of the United States and for Judge Laurence H. Silberman of the U.S. Court of Appeals for the D.C. Circuit. Following her clerkships, as an associate at Miller, Cassidy, Larroca & Lewin in Washington, D.C., she litigated constitutional, criminal, and commercial cases in both trial and appellate courts. Professor Barrett has also served as a visiting associate professor and John M. Olin Fellow in Law at the George Washington University Law School, and as a visiting associate professor of law at the University of Virginia. Professor Barrett received her B.A. in English literature, magna cum laude, from Rhodes College, and her J.D., summa cum laude, from the Notre Dame University Law School, where she served as Executive Editor of the Notre Dame Law Review.

♦ If confirmed, John K. Bush of Kentucky will serve as a Circuit Judge on the U.S. Court of Appeals for the Sixth Circuit. John Bush is currently a partner in the Louisville office of Bingham Greenebaum Doll LLP and is Co-Chair of the firm’s Litigation Department. Mr. Bush practices in complex litigation, including antitrust, securities, financial institutions, insurance, intellectual property, and product liability disputes. He has extensive litigation experience in state and Federal courts in many jurisdictions and in arbitration proceedings. Before joining Bingham Greenebaum Doll LLP, Mr. Bush practiced law at Gibson, Dunn and Crutcher LLP in Washington, D.C. Earlier in his career, Mr. Bush clerked for Judge J. Smith Henley of the U.S. Court of Appeals for the Eighth Circuit. Mr. Bush received his B.A., summa cum laude, from Vanderbilt University and his J.D., cum laude, from Harvard Law School.

♦ If confirmed, Joan L. Larsen of Michigan will serve as a Circuit Judge on the U.S. Court of Appeals for the Sixth Circuit. Justice Joan Larsen currently serves as the 111th Justice of the Michigan Supreme Court. Justice Larsen was appointed to the Court in 2015, and was then elected to that Court by the people of Michigan in 2016—winning every county in the state. Before assuming office, Justice Larsen served on the faculty of the University of Michigan Law School, where she was also special counsel to the Dean. An award-winning legal scholar, Justice Larsen taught for more than a decade at the University of Michigan, where she received the L. Hart Wright Award for Excellence in Teaching. Before joining the University of Michigan faculty, Justice Larsen clerked for Associate Justice Antonin Scalia of the Supreme Court of the United States and for Judge David B. Sentelle of the U.S. Court of Appeals for the D.C. Circuit. Justice Larsen received her B.A. from the University of Northern Iowa and her J.D. from Northwestern University Law School, from which she graduated first in her class and where she served as an Articles Editor on the Northwestern University Law Review.

♦ If confirmed, Kevin C. Newsom of Alabama will serve as a Circuit Judge on the U.S. Court of Appeals for the Eleventh Circuit. Mr. Newsom is currently the chair of the appellate group at Bradley Arant Boult Cummings, resident in the firm’s Birmingham office. Before joining Bradley, Mr. Newsom served as the Solicitor General of Alabama, where he directed the State’s litigation before the Supreme Court of the United States, the United States Courts of Appeals, and the Alabama Supreme Court. Mr. Newsom has argued four cases in the Supreme Court of the United States and has argued more than 35 cases in the United States Courts of Appeals for the Second, Third, Fourth, Fifth, Sixth, Seventh, Tenth, and Eleventh, and D.C. Circuits, as well as in state supreme and appellate courts and a Native American tribal appellate court. In addition to this service, Chief Justice John Roberts has twice appointed Mr. Newsom to the Advisory Committee on Appellate Rules, which advises the Judicial Conference of the United States concerning amendments and improvements in the Federal Rules of Appellate Procedure. Earlier in his career, Mr. Newsom clerked for Associate Justice David Souter of the Supreme Court of the United States and for Judge Diarmuid O’Scannlain of the U.S. Court of Appeals for the Ninth Circuit. Mr. Newsom received his B.A., summa cum laude, from Samford University, and his J.D., magna cum laude, from Harvard Law School, where he served as an Articles Editor on the Harvard Law Review.

♦ If confirmed, David R. Stras will serve as a Circuit Judge on the U.S. Court of Appeals for the Eighth Circuit. Justice David Stras currently serves as a Justice on the Minnesota Supreme Court. Justice Stras was appointed to the Court in 2010. Before his appointment to the Minnesota Supreme Court, Justice Stras was a professor at the University of Minnesota Law School, while also serving as counsel at the Minneapolis law firm of Faegre & Benson. Earlier in his career, Justice Stras clerked for Associate Justice Clarence Thomas of the Supreme Court of the United States, Judge J. Michael Luttig of the United States Court of Appeals for the Fourth Circuit, and for Judge Melvin Brunetti of the United States Court of Appeals for the Ninth Circuit. Justice Stras received his B.A. with highest distinction from the University of Kansas, his M.B.A. from the University of Kansas, and his J.D. from the University of Kansas School of Law, where he served as editor-in-chief of the Criminal Procedure Edition of the Kansas Law Review.

♦ If confirmed, David C. Nye of Idaho will serve as a District Judge on the U.S. District Court for the District of Idaho. Judge David C. Nye currently serves as an Idaho trial court judge in Pocatello, Idaho. Judge Nye was appointed to the state trial court in 2007 and was reelected by the people of Idaho to that position in 2010 and 2014. Previously, Judge Nye was a partner at Merrill & Merrill, Chartered, in Pocatello, Idaho. Judge Nye received his B.A. and his J.D. from Brigham Young University.

♦ If confirmed, Scott L. Palk of Oklahoma will serve as a District Judge on the U.S. District Court for the Western District of Oklahoma. Scott Palk currently serves as the Assistant Dean for Students and Assistant General Counsel at the University of Oklahoma College of Law in Norman, Oklahoma—a position he has held since 2011. Mr. Palk took this position after 19 years of public service as a state and Federal prosecutor, where he worked on death penalty, organized crime, and terrorism cases. Mr. Palk earned his undergraduate degree in Business Administration from Oklahoma State University and his J.D. from the University of Oklahoma College of Law.

♦ If confirmed, Damien M. Schiff of California will serve as a Judge on the U.S. Court of Federal Claims. Damien Schiff is currently a Senior Attorney at the Pacific Legal Foundation, a non-profit legal organization based in Sacramento, California. Mr. Schiff has extensive experience litigating cases concerning a variety of Federal and state environmental and land-use issues, including Sackett v. U.S. Environmental Protection Agency, a groundbreaking decision in which the United States Supreme Court upheld the right of landowners to challenge Clean Water Act compliance orders issued by the Environmental Protection Agency. Earlier in his career, Mr. Schiff clerked for Judge Victor J. Wolski of the U.S. Court of Federal Claims. Mr. Schiff received his B.A., magna cum laude, from Georgetown and his J.D., magna cum laude, from the University of San Diego School of Law in 2004.

President Donald J. Trump Announces Intent to Nominate Judicial Candidates

The President today announced his intent to nominate of these individuals to the following Federal judgeships.

♦ If confirmed, Dabney L. Friedrich of Washington, D.C., will serve as a District Judge on the U.S. District Court for the District of Columbia. Dabney Friedrich has a lengthy career of distinguished public service. Most recently, Ms. Friedrich served as a Commissioner on the United States Sentencing Commission, where she established sentencing policies and practices for the Federal criminal justice system by promulgating guidelines for congressional review and recommending changes in criminal statutes. Prior to that service, Ms. Friedrich served as an Associate Counsel to the President during the George W. Bush Administration, as Chief Crime Counsel to Senator Orrin G. Hatch, as an Assistant United States Attorney in the Eastern District of Virginia, as a trial attorney at the Department of Justice, and as an Assistant United States Attorney in the Southern District of California. Before holding those positions, Ms. Friedrich clerked for Judge Thomas F. Hogan of the District of Columbia District Court. Ms. Friedrich received her B.A., magna cum laude, from Trinity University, her Diploma in Legal Studies from Oxford University, and her J.D. from Yale Law School, where she served as a Senior Editor on the Yale Journal on Regulation.

♦ If confirmed, Terry F. Moorer of Alabama will serve as a District Judge on the U.S. District Court for the Middle District of Alabama. Judge Terry F. Moorer currently serves as a Magistrate Judge on the U.S. District Court for the Middle District of Alabama, a position he assumed in 2007. Before assuming his judgeship, Judge Moorer served as an Assistant United States Attorney in the Middle District of Alabama, as a Command Judge Advocate in Camp Arifjan, Kuwait, and as an attorney in the Office of Staff Judge Advocate in Fort Rucker, Alabama. Judge Moorer earned his Associate of Arts from the Marion Military Institute, his B.A. from Huntington College, and his J.D. from the University of Alabama Farrah School of Law.

(White House Link)

Canada’s Liberal Politics Behind Trudeau’s Antagonistic Trade Positions…


Actually, seeing this outlined in Reuters is a very good sign of things to come.  The pending NAFTA trade renegotiation between the U.S. (Trump/Ross) and Canada (Trudeau) correctly viewed through the prism of Canadian politics.  This is exactly the correct perspective.

The larger liberal need is for Trudeau to pander to the constituencies of Quebec, even if it means economic disaster and crushing collapse for the entire country of Canada.  This reality is exactly the ideological zero-sum perspective of the liberal mind and worldview.

Complete economic disaster is what Prime Minister Trudeau will do to Canada if he chooses to continue positioning against the U.S. with President Donald J Trump.

VIA REUTERS – Canada escalated a trade dispute with United States by making threats Washington called inappropriate in part because Prime Minister Justin Trudeau is under pressure to secure support in a key region ahead of the country’s 2019 elections.

Washington last month slapped tariffs on timber imports, prompting Trudeau to say he was considering a ban on exports of U.S. coal through Pacific ports.

As well as lumber, the administration of President Donald Trump has targeted Canadian dairy farmers, while Boeing Corp (BA.N) launched a trade challenge against Montreal-based planemaker Bombardier Inc (BBDb.TO).

All three are vital to the economy of Quebec, Canada’s second most-populous province. And Quebec is seen as vital to Trudeau’s hopes of maintaining a strong grip on power in a national election set for October 2019.

As contentious talks on renegotiating NAFTA draw closer, Trudeau has little choice but to defend dairy farmers and offer help to the lumber industry, even though that is likely to prompt fresh U.S. challenges.

“Quebec is the key,” said one senior Liberal organizer.  (please read full article)

President Trump, Secretary Wilbur Ross and Trade Rep Robert Lighthizer will absolutely crush any international trade opponent in direct bilateral trade deals.  It’s really not hard for them to do; we are the biggest market in the world.

Shutting down access to the U.S. ($20+ trillion) market is the ultimate leverage and entire national economies can be forceably wiped out.  In an applied fair market system the end result of any renegotiated trade deal will be vastly more beneficial to U.S. workers and business interests.  Stunningly so.

In addition to the size of our economy, America is profoundly unique in that there is almost no product on the planet that cannot be replicated in the United States.  We are blessed with an abundance of energy, raw material, minerals and rich fertile land that can provide the basis for domestically manufactured/created products.  It is a remarkable point of distinction not found in any other region.

Additionally, our inherent American DNA strain is one of entrepreneurial existence.  We know how to do things, create things, and think completely outside the box on new and innovative ideas for things.   Yes, we are exceptional like that.

Reminder:

  • Florida Power and Light won the prestigious International Edward Demming award for excellence in multi-platform engineering and efficiency superiority. They didn’t blow every global PhD business intellectual out of the water with slide rules, CAD programs and engineering acumen. They did it with hard hats and dirty fingernails.

Because they lost the award, the Japanese spent 6 months studying FPL and later published a 1,000 page dissertation essentially saying FPL “wasn’t really good, they were just lucky”….. FPL field leadership laughed, took out markers and wrote on the back of their hard hats: WE’RE NOT GOOD, WE’RE RUCKY….

  • When every single Kuwaiti oil field was blown up by Saddam Hussein, they said it would take 5 years to cap them all off and restart their oil pumping industry. The Kuwaiti’s and Saudi’s called Texans, who had them all capped and back in working order in 6 to 10 months.

We are a nation that knows how to get shit done.

  • When the Northern Chile mine workers were trapped two miles underground, they said no-one could save them. Who did they call for help? A bunch of hick miners from USA coal country who went down there, worked on the fly, engineered the rescue equipment on site, and saved everyone of them….

That’s our America.

  • When a half-breed Islamic whack job, armed with an AK-47 and a goal to meet his fourty-seven virgins, began opening fire on a train in France – the Americans on board didn’t run to the nearest safe room and hide themselves amid baguettes and brie. They said “let’s go”, and beat the stuffing out of that little Islamic nut with a death wish.

Legion d’Honneur or not, that’s us.  That’s just how we roll.

Lady Liberty can stroll along the Champs-Elysées with a swagger befitting Mae West because without her arrival they’d be speaking German in the Louvre.  Yet for the better part of the past decade a group of intellectual something-or-others have been teaching an insufferable storyline that it’s better to be sitting around a campfire eating sustainable algae cakes and picking parasites off each other.

Enough.

When I hear Donald Trump say “Let’s Make America Great Again”, I also hear the familiar echo “cowboy up” people.

It’s high time we stop being embarrassed about our exceptional nature, and start being proud of it again.   Because when it matters most, when it really counts, when it’s really needed, there’s a whole bunch of people all around this world of ours that are mighty happy when swagger walks in to solve their problems.

Yeah, “let’s make America great again”.  Swagger on !

 

Trade Fool – Canadian Prime Minister Trudeau Threatens Ban on U.S. Coal, Oregon: Wine, Plywood Imports…


Canadian Prime Minister Justin Trudeau appears to be cowering to the demands of British Columbia Provincial Premier Christy Clark who asked for retaliatory trade action against Oregon and the Pacific Northwest after Commerce Secretary Wilbur Ross announced a tariff on Canadian soft-wood imports.

Yesterday (Friday) Prime Weasel Trudeau threatened to ban shipments of U.S. thermal coal from Pacific ports and suggesting sanctions against additional trade products from Oregon due to the support for the soft-wood tariff by Democrat Senator Ron Wyden.

ENERGY ECON […] Trudeau said Ottawa would study whether to stop U.S. firms from shipping thermal coal via the Pacific province of British Columbia. Provincial Premier Christy Clark asked for the ban in response to the U.S. tariffs.

Canada is also considering duties on exports from Oregon such as wine, flooring and plywood, said a source close to the matter, citing Oregon Democratic Senator Ron Wyden’s prominent role in pressing for the lumber tariffs.

Analysts said Cloud Peak Energy Inc would be the biggest coal producer affected by a British Columbia ban or levy. Coal is railed to those ports by Burlington Northern Santa Fe Corp, owned by Berkshire Hathaway Inc.  (read more)

I wonder if Prime Weasel Trudeau is aware most of the Cloud Peak transported U.S. Coal only flows to British Columbia as an outcome of using the BC port for export to Asia.  Economic analysts don’t even measure how much coal actually stays Canada, so the threat of a Canadian ban on U.S. coal is political gnat-banter for domestic chest-thumping purposes.  {{{eyeroll}}}

And you can bet it would only take one tweet from President Trump and a nation of U.S. patriotic consumers could easily cover for any Oregon wine export losses.  I know tens-of-thousands of patriots not generally predisposed to support the insufferable Wyden but would rally to fill Oregon’s economic trade void if needed –  HINT: “America First“, eh?

The U.S is the worlds biggest consumer of stuff.  We are the worlds biggest market. One of the advantages of being the biggest customer, is the leverage our status provides in negotiations with suppliers.  That leverage has gone unused for decades, if President Trump calls upon it – it’s there.

$18-20 trillion worth of bigly leverage, the best most magnificent of all leverages, available with a tweet.  Believe it.

However, as an outcome of his public statements, Prime Weasel Trudeau has also put himself back on the trade radar of Wilburine Ross.

U.S. Commerce Secretary Wilbur Ross said on Saturday that threats of retaliatory trade actions from Canadian officials “are inappropriate” and will not influence final U.S. import duty determinations on Canadian softwood lumber.

“We continue to believe that a negotiated settlement is in the best interests of all parties and we are prepared to work toward that end,” Ross said in a statement issued by the Commerce Department.

[…]  Ross said in his statement on Saturday that the Commerce Department’s decision “was based on the facts presented, not on political considerations.”

“Threats of retaliatory action are inappropriate and will not influence any final determinations,” Ross added. (link)

There’s been a global trade war against America’s best interests for three decades; Americans’ just haven’t been positioned to fight in it…. until now, eh.

.

Dr. Sebastian Gorka Discusses New Geo-Political Alliances with Brian Kilmeade…


Are people beginning to catch on? Are people beginning to identify the long-ball strategy of a non-traditional approach toward geo-political alliances?

Apparently, some are – because North Korea is not happy with the heavy pressure coming from Big Panda, China.  As identified within this radio interview between Dr. Gorka and Brian Kilmeade…

.

I don’t want to say, I told you so but:

Perhaps it’s because the complexity is difficult to distill; maybe it’s because some just can’t give President Trump any credit; or perhaps it’s because the scope is too challenging to comprehend against the constant belittlement meme du jour. Regardless of reason, President Trump is fundamentally realigning international geo-political alliances and almost no-one is connecting the dots.

President Trump obviously held a long-ball strategy with the Chinese; he’s described the approach in his books and lived the approach in his business life:

At the outset, position yourself at the furthest oppositional point when it costs you nothing; then leverage inward toward your opponent as they expend their resources to meet your stance.

Almost no-one is noting the scope of what President Trump has accomplished simply by positioning himself at the furthest extreme from the best interests of China, and then working his leverage back toward dual-interests as the Chinese expend capital to meet the point of mutual benefit.

President Trump has expended nothing other than his sheer will, and yet he has leveraged gains that are jaw-droppingly consequential.

♦ What’s the goal of identifying China as a currency manipulator? To stop China from manipulating currency, right? Well, arm-chair opposition says President Trump has reversed his position simply by ‘not doing something’. However, that opposition doesn’t seem to acknowledge the end-goal of the labeling has been achieved without expending an effort. The doing is unnecessary when merely the threat of the doing changes the behavior of the doer.

In two days, April 6th and April 7th, President Trump met with Chinese President Xi Jinping. What actions has President Trump taken, other than ‘not’ doing something, and what actions has President Xi Jinping taken?

At the outset, position yourself at the furthest oppositional point when it costs you nothing, and leverage inward toward your opponent as they expend their resources to meet your stance.

Think about this when considering the consequences:

♦ China agrees to the framework of a 100 day outline to assemble the trade way-points for renegotiated bi-lateral trade deals.

What did that action cost Trump?

♦ For the first time ever, China did not support Russia in a U.N. Security Council veto vote surrounding Syria. China abstained.

What did that action cost Trump?

♦ China turned around 12 fully loaded cargo ships laden with imported coal from North Korea. 400,000 metric tonnes refused unloading. China begins an embargo against North Korean coal. China begins importing coking coal for steel-making from the U.S. coal mines.

What did that action cost Trump?

♦ Additionally, in furtherance of economic sanctions – China halts oil exports to North Korea.

What did that action cost Trump?

♦ Additionally, in furtherance of political isolation – China halts direct flights between Beijing, China and Pyongyang, North Korea.

What did that action cost Trump?

♦ And in the most stunning seismic shift of geo-political alliances, China says it is now open to discussions of a denuclearized North Korea, meaning getting rid of N-Korean nukes, WITHOUT N-Korea being included in the talks. Hello? China, the United States, Japan, Russia and South Korea discussing how to de-nuke North Korea. (A new Marshal Plan of sorts)

What did that action cost Trump?

See how this works? What affirmative action did President Trump have to take in order to get China to move toward the position of mutual benefit?

Answer: None!

Foolish people think President Trump doesn’t know what he’s doing. Again:

…Position yourself at the furthest oppositional point when it costs you nothing, and leverage inward toward your opponent as they expend their resources to meet the position of mutual benefit…

To gain all of the aforementioned action, massive benefits in U.S. interests, President Trump has done what?

“Not” labeling China as a currency manipulator is not affirmative action. It is actually the absence of action; POTUS Trump is not doing something. President Trump positioned himself at the furthest oppositional point during the election, and immediately thereafter.

He staked out this position with an intention to leverage action toward his needs.

The affirmative action President Trump is doing, very publicly, is complimenting the friendship he has begun with Xi Jinping; and praising President Xi for his character, warmth and leadership.

To build upon that mutually beneficial friendship – President Trump seeded the background by appointing Ambassador Terry Branstad, a 30-year personal friend of President Xi Jinping.

To enhance and amplify the friendship and personal respect – U.S. President Trump used Mar-a-Lago as the venue for their visit, not the White House. And President Trump’s beautiful granddaughter, Arabella, sweetly serenaded the Chinese First Family in Mandarin Chinese song showing the utmost respect for the honored guests.

Unfortunately most people are unfamiliar with the severity of Chinese tradition as it relates to family and respect. However, these gestures are intensely well received. Russia’s Vladimir Putin can deliver nothing even remotely comparable to the charm of the granddaughter of the U.S. President singing for President Xi and his wife in their native tongue.

Do not underestimate the value of these gestures and how it was perceived by the recipients as personal respect – far above the level of traditional political respect which would be customary during such encounters. President Trump made this visit personal, and his words after the meeting were all personal, not positional.

Whether or not people want to give President Trump credit for the approach, no-one should be able to challenge the outcomes all listed above.

Grandfather President Trump has highlighted Grandfather President Xi as a person, not a political figure. Trump sets the relationship as personal, and with mutual human benefit.

One thing is certain, North Korea will NOT make any hostile action toward the U.S. because President Trump has elevated President Xi to a role beyond politics in the words highlighted within Chinese media. The panda fur has not only been stroked perfectly, it has been elevated in its own magnanimity without even so much as a bow.

As a consequence it would now be a matter of personal disrespect for North Korea’s Kim Jung-un to take hostile action toward the U.S. President who has exhibited such personal respect to the regional Goliath.

Three things appear odd:

  • #1) How no-one amid almost all media can see how effective this approach by President Trump has been; and
  • #2) Nothing has been expended in order to achieve these remarkable results; and
  • #3) Accepting all of the above, Donald Trump has planned this out for a long, long time.

Oh, Ha