Posted originally on CTH on July 16, 2025 | Sundance
Well, what do you know? An interesting article about Canada suddenly proposing to put limits on the amount of Chinese steel and aluminum they import. Although missing in the article is a reference to what this means about the prior process that did not have such limits.
Essentially, if you drop the pretending within the Wall Street Journal/MSM narrative, the decision by Mark Carney to limit Chinese Steel is a direct admission of their knowledge to a preexisting level of imports that violated the USMCA and all previous demands to block imports of Chinese steel.
Trump always said Canada was a transnational shipper and entry into the USA. Trudeau and Carney previously denied this was the reality. Well, if that wasn’t the reality, then why the need to change? I digress.
OTTAWA—Canada introduced limits on how much foreign steel produced in countries other than the U.S. and Mexico can be imported, as the Liberal government tries to help a domestic sector reeling from President Trump’s 50% tariffs on Canadian steel.
Prime Minister Mark Carney said Wednesday that the series of import limits and the tariffs targeting steel products with Chinese links are required because the Canadian economy has been too reliant on foreign steel to meet the needs of the construction and manufacturing sectors. He cited data indicating that two-thirds of total steel consumption in Canada comes from abroad, compared with one-third for the U.S. and one-sixth in Europe.
Carney added that the changes would also guard against foreign steel entering Canada to bypass Trump’s tariffs. Canada has had a “disproportionately open import market” when it comes to steel, Carney said at a steel factory in Hamilton, Ontario.
He added that he wouldn’t allow the current trade conflict with the U.S.—combined with unfair trade practices elsewhere—to gut the nation’s steel industry at a time when Ottawa will require the metal to embark on trade-infrastructure projects such as ports, energy corridors and pipelines.
“We must diversify our trade relationships, and above all we must rely more on Canadian steel for Canadian projects. Those shifts start today,” he said. (read more)
We have awesome Canadian Treepers; however, I would like to ask the Canadians who are stuck in denial of the steel transnational shipping issue, why Canada needed to change?
Posted originally on Jul 8, 2025 by Martin Armstrong
The globalists refuse to declare the migrant crisis an “invasion,” but we have history’s guidance to show us what happens when an unsustainable number of people enter a nation. The Goths, a non-military group considered migrants, are a perfect example. These men, women, and children sought refuge within the Roman Empire. This was not an invading army but rather a fleeing population seeking safety from the Huns. The Goths, long-time foes of the Romans, appealed to be admitted to Roman territory due to the threat they faced and needed to seek asylum. This event led to significant consequences and marked a turning point in the history of the Roman Empire.
The great Gothic migration involved hundreds of thousands of men, women, and children. While, to some degree, the growing unrest in the East pushed them southward, there is also little doubt that the border defenses of the Roman Empire had also been seriously weakened by the political instability and economic pressures that were building within Rome itself. Of course, the rumor of great plunder and riches available in Roman territory acted like a magnet much in the same way as the rumors of streets paved in gold in America prompted great European migrations during the 19th and early 20th centuries or the outdated stereotype of the American Dream.
By 238 AD, the Gothic position was so threatening to the Roman Empire that Emperor Maximinus was forced to pay them vast amounts of tribute, similar to how countries currently pay all expenses for migrants. While his aim may have been to buy time, this demonstrated weakness on the part of the Romans, who were still in the middle of internal political struggles for power. Internal imperial rivalries ultimately defeated Maximinis. Within less than four years thereafter, the Goths began a series of raids along the Danube.
A decade later and Philip I attempted to quell the influx of migrants, but died while battling his successor, Trajan Decius. Rome was simply decaying gradually from internal struggles, which weakened the economy and constantly pitted one legion against another in a struggle for power. We see internal struggles today throughout the West as politics continue to divide the people. The Romans did not consider the Goths to be a force that would threaten the entire Empire, but rather more as a barbarian force looking for plunder rather than power.
Trajanus Decius declared the Goths an enemy and attempted to force them out of the empire, only for the masses to return a year later. The Goths were prepared this time and formed several strategic alliances with enemies, such as the Dacian Carpi. This led to a full-scale invasion, and the Roman Empire suddenly found itself besieged as war raged on in Moesia, Dacia, and even in Thrace, while the main body of the Gothic invasion was preparing a descent into the region of the Black Sea.
After many battles, the Goths emerged as the new masters of the entire Danube territory, all the way to the Black Sea. Trebonianus Gallus emerged as the new Emperor who could do nothing to reverse the Empire’s humiliating defeat. The Goths now turned to Illyricum and Thrace, burning and plundering their way across the region. By 253 AD, the Goths set sail along the Black Sea, headed straight for Asia Minor, which was wide open and waiting to be plundered.
The Roman Empire was declining until Emperor Aurelian came to power and began restorative efforts, including anti-immigration policies. He not merely launched defensive measures, he moved on the offensive against the Goths and demolished them through a series of battles. The Goths were driven out of the Balkans and into Dacia. Aurelian also greatly restored the Black Sea defenses, which helped those regions rebuild their economies as well. However, Aurelian failed to pursue the barbarians into the Roman province of Dacia, pulling back and establishing the new border once again along the natural border as originally defined by Augustus – the Danube.
Aurelian’s decision to redraw the borders left Dacia in the hands of the Carpi and the Goths. Once the Goths were contained, they began to divide into two distinct groups – Ostrogothic and Visigothic kingdoms. These groups would evolve into powerful states that would ultimately bring down the Roman Empire in the West.
Those in favor of the Gothic migration stated that the newcomers would increase tax revenue and benefit the Roman economy. It was a humanitarian crisis and Rome’s responsibility to solve. Instead, the unsustainable influx of Gothic refugees contributed to the eventual fall of the Western Roman Empire. The event marked a turning point in Roman history and was part of a period in which the Roman Empire nearly collapsed under the combined pressures of invasion, civil war, plague, and economic depression. History always repeats.
Posted originally on CTH on June 29, 2025 | Sundance
“Elbows up” and knees bent. As expected given the nature of their dependency, the Canadian government has rescinded the digital services tax against U.S. tech companies.
The June 30th collection is halted and the Canadian government led by Mark Carney will be bringing legislation to rescind the tax entirely.
CANADA – […] Minister of Finance and National Revenue, the Honourable François-Philippe Champagne, announced today that Canada would rescind the Digital Services Tax (DST) in anticipation of a mutually beneficial comprehensive trade arrangement with the United States. Consistent with this action, Prime Minister Carney and President Trump have agreed that parties will resume negotiations with a view towards agreeing on a deal by July 21, 2025.
The DST was announced in 2020 to address the fact that many large technology companies operating in Canada may not otherwise pay tax on revenues generated from Canadians. Canada’s preference has always been a multilateral agreement related to digital services taxation. While Canada was working with international partners, including the United States, on a multilateral agreement that would replace national digital services taxes, the DST was enacted to address the aforementioned taxation gap.
The June 30, 2025 collection will be halted, and Minister Champagne will soon bring forward legislation to rescind the Digital Services Tax Act. (LINK)
In the bigger picture Canada has a serious problem.
Canada is entirely dependent on the USA; there is no part of the Canadian economic system that can survive without total dependence on the USA. The Canadian economy is currently stagnant and their leftist government is desperate to find a way to collect revenue somehow, any way possible. Additionally, President Trump is going to end the USMCA trade agreement and shut down a majority of the benefits Canada has been extracting.
The most remarkable aspect to this reality is the denial within Canada. There are maybe a handful of honest Canadian economists, financial types and/or pundits who understand economic matters that are willing to outline and explain the details of Canada’s vulnerability…..
…. The rest are in denial, shouting ‘elbows up’ as if that is going to change the inevitable. The pretending is strong amid the snow Mexicans. Their denial is a mass formation psychosis. Stunningly so.
Posted originally on CTH on June 28, 2025 | Sundance
CTH has continually said that almost no one in Canada has any grasp of what is about to happen within their economy, specifically because only a handful of people realize what President Trump intends to do.
This interview with Kevin O’Leary is a case study in what I have been warning about. If you have any financial affiliation with O’Leary Ventures or ancillary investments that touch on a dependency therein, be forewarned.
O’Leary is only a few months away from exploding against President Trump in a manner that will make the Elon Musk statements about Epstein and Trump seem small by comparison. As yet another Canadian financial voice that just doesn’t get it, O’Leary has no idea the USMCA is about to end. And when it does, oh boy… he will go bananas.
Russian President Vladimir Putin answered questions from the media earlier. One of the questions was about President Trump against the backdrop of peace efforts, the middle-east conflict and Ukraine.
President Putin’s response is very interesting. I am placing here as a datapoint for my own analysis without reading too much into it at the moment. All of the points are converging in one direction. WATCH:
BREAKING: Putin says he deeply respects Trump, whom he describes as a courageous person who’s trying to do the right thing by bringing about world peace.
“I believe he truly wants peace in Ukraine and the Middle East, though it may be harder than he expected.” pic.twitter.com/utXlbaiPNf
Congratulations Treepers. If you have followed the discussions [SEE HERE] you can see how we are on the cusp of a big geopolitical change. GET THE BBB PASSED and things begin to unfold. All of the datapoints go in one direction.
Posted originally on CTH on June 27, 2025 | Sundance
U.S. Ambassador to Russia, Lynne Tracy, who was appointed by Joe Biden, has departed her position in Moscow as U.S. Ambassador to Russia. There has been no announced name for replacement. [¹Get the friggin’ BBB passed!]
Remember, in the last 20+ years, no American official has spent more face-to-face time with Vladimir Putin than U.S. Special Envoy, Steve Witkoff. On behalf of President Trump Witkoff has held multiple meetings and discussions with Russian President Vladimir Putin lasting more than 4 and 5 hours at a time. U.S. Ambassador Lynne Tracy was not present.
Do not forget, nor overlook this baseline fact.
MOSCOW, June 27 (Reuters) – Lynne Tracy, the U.S. ambassador to Russia, is leaving Moscow, her embassy said on Friday, noting she had served through one of the most strained periods in relations between Moscow and Washington.
The departure of a career diplomat appointed under the administration of former president Joe Biden comes as Russia and the United States discuss a potential reset in their ties which sharply deteriorated after Moscow launched its full-scale war in Ukraine in 2022.
[…] “I am proud to have represented my country in Moscow during such a challenging time. As I leave Russia, I know that my colleagues at the embassy will continue to work to improve our relations and maintain ties with the Russian people,” the embassy cited Tracy as saying in a statement.
[¹We anticipate that once the BBB is completed, obviously there will be a celebration – a news cycle for the White House and legislative leadership to promote & celebrate, and then President Trump will likely shift straight into the details of the trade agreements being constructed in the background by Secretary Lutnick, Secretary Bessent and USTR Jamieson Greer.
As the trade aspect is underway from the oval office, expect Secretary Rubio and Steve Witkoff to be reengaged with Ukraine-Russia. By mid July we should see multiple announcements of trade agreements, while simultaneously the foreign policy focus of Rubio and Witkoff should start to materialize into substantive change.]
Posted originally on Jun 26, 2025 by Martin Armstrong
World Economic Forum founder Klaus Schwab stepped down from his chairman position at the organization on April 20, 2025, amid accusations of fraud. Our computer had forecast that the WEF would enter a declining trend with the 2024 ECM turning point. This staged coup happened about 37 years after the first Davos meeting (8.6 x 4.3). From our model’s perspective, this was right on time. Now, Schwab and the WEF are working to repair ties.
An anonymous whistleblower claimed that Klaus Schwab and his wife collaborated with USAID to steal tens of millions in funding. The whistleblower has always been anonymous, and it remains very suspicious that the very organization he created would turn on him after receiving an anonymous letter that they admitted may not have been credible. Something like this would never be acceptable in any court of law, especially if it’s anonymous. It would be the worst or the worst hearsay, where you cannot even point to who made the allegation.
Back in April, the WEF said its board unanimously supported the decision to initiate an independent investigation “following a whistleblower letter containing allegations against former Chairman Klaus Schwab. This decision was made after consultation with external legal counsel.”
Now, the WEF is attempting to repair its relationship with its founder ahead of the next Davos meeting. Bloomberg reported that the WEF would like to “normalize their relationship [with Klaus Schwab] in order to safeguard the forum and the legacy of the founder.”
Peter Brabeck-Letmathe has replaced Schwab for the time being, but is less of a commanding force. Schwab’s sudden departure has caused instability in the organization and its ongoing mission. Board members are concerned that support for the organization will begin to decline as this situation remains unresolved.
The World Economic Forum’s annual revenue in 2024 was 440 million francs ($543 million), with the majority of proceeds coming from member companies and fees. Yet, the number of people registered to attend the 2025 Davos event is on par if not slightly exceeding the number of participants from the year prior.
Schwab’s departure has damaged the Davos brand. There is a possibility that the organization is attempted to rebrand after Agenda 2030 failed. The WEF attempted to move away from its zero tolerance stance on ESG initiatives after they became widely unpopular among the big industry players and shifting governments. The brand has attempted to integrate the importance of digital transformation and AI to remain relevant as the tech gurus grow in power and popularity. Those who are familiar with Klaus Schwab know the phrase, “You will own nothing and be happy.” These words have been widely unpopular and caused a type of sinister chaos to surround the brand that was once respected as the high-brow institution of globalist elites.
European Central Bank President Christine Lagarde was slated to replace Schwab in 2027 when her term ends, and all reports claimed that he was prepared to remain in the chairman role for an additional two years to ensure Lagarde could take his place. What changed seemingly overnight that would cause the organization to discard Schwab before he was due to retire?
Schwab denies any misconduct and filed lawsuits against the whistleblowers, calling the accusations “calumnious” and “unfounded.” He believes “character assassination” was the premise of the claims.
I am no fan of Klaus Schwab, as everyone knows. I disagree with his theories from start to finish. Nevertheless, something doesn’t smell right here. This appears to be an internal coup, perhaps to distract attention from the question of alleged funds for the WEF from USAID, or to try to salvage the failed Agenda 2030. Perhaps they will claim that no misconduct had occurred since DOGE did not raise concerns or there is a possibility that those behind the internal coup are concerned that Schwab’s counter lawsuit could uncover new corruption. The investigation into Schwab has not concluded, but after only three months, the WEF would like to wrap it up. It appears that the WEF does not want to welcome Schwab back; rather, they would like to ensure an amicable resolution to maintain both the brand’s reputation as well as the founder’s.
Posted originally on Jun 26, 2025 by Martin Armstrong
Russia is increasing production of its Oreshnik missile system as NATO pledges an additional $40 billion to Ukraine. The nuclear-capable Oreshnik missile is a powerful system with the capacity to travel 3,415 miles, effectively enabling Russia to strike anywhere in the West from Europe to the United States.
“Serial production of the latest Oreshnik medium-range missile system is under way,” Putin told a graduating class of military cadets in televised comments. The system became operational on November 21, 2024, and used in an attack whereby it carried multiple independently targetable reentry vehicles (MIRV) payload and six warheads that were each capable of releasing submunitions. The first use of the system involved dummy warheads that still caused destruction due to hypersonic kinetic energy. It is widely believed that the first use of the Orsenhnik system was more of a psychological move than an actual strike. In fact, Moscow notified Washington 30 minutes before deploying the missile. Moscow wanted to reveal to the world that it is ready to employ this new lethal technology.
This technology effectively intimidates the West with its long-range capabilities, although Moscow states it is only ramping up production of its mid-range missile system. Moscow needs the West and NATO to know that it has the capacity to attack if cornered. Putin has claimed that this weapon cannot be intercepted and has the capacity to evade missile defense systems. Traveling at 3 km per second, existing defense systems simply would not have the time to act. The Oreshnik can also be controlled mid-flight through aerodynamic control surfaces or gliding warheads, which masks its route. Putin has also stated that this system has the power to ruin underground targets without using nuclear payloads.
It remains to be seen whether the Oreshnik missile system is “impossible to intercept,” as Putin claims. The weight behind the increased production is a clear indicator that Russia is preparing to defend itself against NATO if needed. These weapons would benefit Russia in a global conflict and are not necessarily strategically necessary for its current battle in Ukraine.
Posted originally on Jun 23, 2025 by Martin Armstrong
Russia’s recent strike on Boeing facilities in Ukraine has been portrayed as an attack on American business. The Dow-listed company has maintained operations in Ukraine despite the ongoing war and partnered with Ukrainian aircraft manufacturer Antonov in 2023 on joint defense projects.
“This is not just an attack against Ukraine, but also an attack where American business is being hit,” Andy Hunder, President of the ACC in Ukraine, which represents nearly 700 U.S. and international investors and corporate members, told the Kyiv Independent. “This is a war against a world where American businesses are making money and thriving,” he added.
The strike took place after Ukraine’s massive attack during Operation Spiderweb that destroyed hundreds of Russian drones and 41 war planes across four Russian airbases.
The media is portraying the strike on Boeing as an attack on American business. Similarly, the media portrayed the attack on German defense company Rheinmetall, which opened a new facility in Ukraine last year to produce military vehicles, as an attack on German business. The fact of the matter is that this is a time of war, and Russia is targeting defense manufacturing facilities.
If nations began opening or expanding defense manufacturing operations, say in Iran, then Israel and the US would take that as a sign of aggression, if not a direct threat to national security. Russia has repeatedly stated Western aggression is escalating tensions and prolonging the war. So not only are the EU, UK, and US sending countless funding and equipment to Ukraine, but private ventures from these nations are developing almost every piece of warfare equipment there.
The target was not America or Germany; rather, the target was defense manufacturing facilities. Several Western arms manufacturing facilities have opened joint ventures in Ukraine. Germany plans to open additional Rheinmetall facilities. Flensburger Fahrzeugbau Gesellschaft is working with a private Ukrainian weapons manufacturer to build a service center in Ukraine. The KDNS is another German-Franco joint venture in Ukraine that is mass producing weapons to kill Russians. Denmark opened MyDefence to produce counter-drone technology. The United Kingdom has joint ventures BAE Systems and Babcock.
The United States remains the top supplier of arms to Ukraine through private arms manufacturers, supplying around 43% of the weapons used in warfare. However, the majority are produced domestically and imported to Ukraine. The Western-backed military-industrial complex has had a stronghold in Ukraine since the war began. These manufacturers were not operating in Ukraine before 2022. Russia naturally has an incentive to destroy these facilities, but that certainly does not indicate Russia is targeting European nations or the US.
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