Mexican President Lopez-Obrador Strongly Supports President Trump’s Economic Nationalism…


When the broad outlines of the U.S-Mexico-Canada (USMCA) trade agreement first appeared, we said it seemed clear presidential candidate Andres Manuel Lopez-Obrador (AMLO) was aligned with the economic nationalism preferred by U.S. President Trump.

Yesterday that alignment was on full display as AMLO delivered a very strong endorsement for the respectful agreement between the two nations.  Unfortunately, the U.S. media will never report on these words of praise by President Lopez Obrador.

Transcript […] I also wanted to be here to thank people of the United States, its government, and thank you, President Trump for being increasingly respectful with our Mexican fellow men.

And to you, President Trump, I want to thank you for your understanding and the help you’ve given us in issues related to trade, commerce, oil, as well as your personal support for the acquisition of medical equipment that we needed urgently to treat our patients of COVID-19.

But what I mainly appreciate is that you have never sought to impose anything on us violating our sovereignty. Instead of the Monroe Doctrine, you have followed, in our case, the wise advice of the lustrous and prudent President George Washington who said, quote, “Nations should not take advantage of the unfortunate condition of other peoples.” End of quote.

You have not tried to treat us as a colony; on the contrary, you have honored our condition as an independent nation. That’s why I’m here to express to the people of the United States that their President has behaved with us with kindness and respect. You have treated us just as what we are: a country and a dignified people; a free, democratic, and sovereign people.

Long live the friendship of our two nations. Long live the United States of America. Long live Canada. Long live our America. Long live Mexico. Long live Mexico. Viva México.

[Transcript]

The USMCA rules-of-origin, in combination with mandated minimum wage rates attached to the manufacturing sector; and the fact that Mexico has the lowest current wage rates in North American; specifically means that Mexican workers stand to get the biggest financial benefits… and that’s ok. Trump, Lighthizer and Ross designed it that way.

The U.S. benefits when the Mexican wage rates are raised. Heck, there was a time in the early negotiations, after Canada was kicked out of the room, when Secretary Wilbur Ross was advocating for an $11/hr minimum wage in Mexico, and the Mexicans were like ‘whoa, wait a minute, too high, too high’… [It was quite funny, because Trump was being called racist simultaneous to him trying to give a $85/day pay raise to Mexicans (from $3/day)].

The USMCA deal positions Mexico to retain their current multinational investments; and through a series of sector-by-sector standards on origination the deal simultaneously closes the fatal NAFTA loophole.

The agreement makes an economic manufacturing partnership between the U.S. and Mexico; and for assembly products third parties will have to produce parts and origination material within the U.S. and Mexico.

Here’s a good example in the auto-sector.  The new USMCA agreement requires 75% of automobile parts made in North America; and 45% must come from plants with minimum labor costs ($16/hr), or face tariffs upon export to the U.S.  Additionally, the total source-origination rate of 75% USMCA product is higher than everyone thought possible.

This 75% country-of-origin level was possible because President Trump cut out the corporations (ie. U.S. Chamber of Commerce) from having any influence over the agreement.  Most people probably don’t know, but the USMCA was the first trade deal negotiated without multinational corporations in the room.

Example of downstream consequences/benefits: German auto-maker BMW recently built a $2 billion assembly plant in Mexico (just came on-line).  Most of their core parts were coming from the EU (steel/aluminum casting components) and/or Asia (electronics). Now the assembly plant will have to source 75% of the auto-parts from the U.S. and Mexico, with 45% of those parts from facilities paying $16/hr.  The Result: BMW will need to modify their supply chain and build auto parts in the U.S. and Mexico. [That’s Exactly What Happened]

One of the reasons President Trump is able to take this approach is specifically because he is beholden to no outside influence himself. It is only from the position of complete independence that accurate assignments based on the underlying truth can be made; and that takes us to the ultimate confrontations – the trillion dollar confrontations.

A U.S. foreign policy that provides the opportunity for fully-realized national authenticity is a paradigm shift amid a world that has grown accustomed to corrupt globalists, bankers and financial elites who have established a business model by dictating terms to national leaders they control and influence. We have our own frame of reference with K-Street lobbyists in Washington DC. Much of President Trump’s global trade reset is based on confronting these multinational influence agents.

When you take the influence of corporate/financial brokers out of foreign policy, all of a sudden those global influence peddlers are worthless. Absent of their ability to provide any benefit, nations no longer purchase these brokered services.

As soon as influence brokers are dispatched, national politicians become accountable to the voices of their citizens. When representing the voices of citizens becomes the primary political driver of national policy, the authentic image of the nation is allowed to surface.

The restructuring of NAFTA into the USMCA disfavors multinational corporations and financial holdings who have exploited structural loopholes that were designed into the original agreement.

With President Trump confronting the NAFTA fatal flaw, and absent of the ability of corporations to influence the direction of the administration, the trade deal ultimately presents the same outcome for Mexico as it does the EU – LESS DOLLARS.

However, in Mexico, the larger systems of government are not as strongly structured to withstand the withdrawal of billions of U.S. dollars. The government of Mexico is not in the same position as the EU and cannot double-down on more oppressive controls. Therefore the authentic voice of the Mexican people is rising.

Andres Manuel Lopez Obrador (AMLO), is a nationalist but he is not a free-market capitalist. AMLO is more akin to soft-socialist approach with a view that when the central governing authority is constrained, and operates in the best interests of its citizens, equity can be achieved.

The fabric of socialism runs naturally through the DNA strain of Mexico, and indeed much of South America. This is one of the reasons why previous Mexican governments were so corrupt. Multinational corporations always find it easier to exploit socialist minded government officials.

When bribery and graft are the natural way of business engagement, the multinationals will exploit every opportunity to maximize profit. Withdraw the benefit (loophole exploitation) to the financial systems, and the bribery and graft dries up quickly. A bottom-up nationalist like AMLO, is the ultimate beneficiary.

The authentic-sense of the Mexican people, rises in the persona of Andres Manuel Lopez Obrador – who actually does personify the underlying nature of the classic Mexican class-struggle.

Latest Progressive Anti-Israel Campaign in Congress


The false “annexation” narrative is being weaponized by Israel’s enemies in the United States and abroad

Joseph A. Klein, CFP United Nations Columnist image

Re–posted from the Canada Free Press By  —— Bio and ArchivesJuly 8, 2020

Latest Progressive Anti-Israel Campaign in Congress

With the wind at her back following her recent primary victory, Rep. Alexandria Ocasio-Cortez (AOC) is taking the lead in challenging Israel’s possible extension of sovereignty over certain areas within the West Bank. She authored a letter to Secretary of State Mike Pompeo warning that any move by Israel to extend its sovereignty into such areas would jeopardize continued U.S. military aid to the Jewish state. Senator Bernie Sanders signed AOC’s letter along with 11 other Democrat House members, including AOC’s fellow “Squad” members Reps. Ilhan Omar, Rashida Tlaib, and Ayanna Pressley. Anti-Semitic organizations that back the Boycott, Divestment, and Sanctions movement (BDS) against Israel are also in AOC’s corner.

AOC’s reckless restrictions

“Should the Israeli government continue down this path,” AOC’s letter warns, “we will work to ensure non-recognition of annexed territories as well as pursue legislation that conditions the $3.8 billion in U.S. military funding to Israel to ensure that U.S. taxpayers are not supporting annexation in any way. We will include human rights conditions and the withholding of funds for the offshore procurement of Israeli weapons equal to or exceeding the amount the Israeli government spends annually to fund settlements, as well as the policies and practices that sustain and enable them.”

House Speaker Nancy Pelosi has not taken a public position one way or the other on whether she would back legislation advancing AOC’s threat to cut off U.S. military aid to Israel. In any case, if legislation containing AOC’s reckless restrictions were to somehow reach President Trump’s desk, he would surely veto it. However, if Joe Biden is elected this November to replace President Trump and the Democrats end up controlling both the House and Senate, the legislation may well gain momentum and have a much better chance of passage. Biden will then likely sign it.

AOC asserts in her letter that “Israeli annexation of the West Bank is a clear violation of international law.” She added, “Annexation is prohibited by and is a prohibited act of aggression under Article 47 of the Fourth Geneva Convention, of which Israel is a party.”

The United Nations and most of its member states, including Western European countries, agree with AOC’s simplistic assertions. But just declaring that an action violates “international law” does not make it so, no matter how many times the assertion is repeated. Even the word “annexation,” when used to describe what Israel may decide to do after further internal discussions, is misplaced. The outgoing Israeli Ambassador to the UN, Danny Danon, has used the more accurate phrase “applying sovereignty” to territory where the Jewish people have historical legal claims of their own that are superior to the Palestinians. The West Bank (or Judea and Samaria as Israelis prefer to refer to this territory) does not belong legally to the Palestinians and never has.

PLO declared that the “avowed aim of the organization was to blot out the State of Israel”

International treaties preceding the formation of the UN are still recognized by the UN Charter. This included the 1920 San Remo Conference, which assigned the Mandate for Palestine to the British following the dissolution of the Ottoman Empire. This Mandate included what is now known as the West Bank within a future homeland envisioned for the Jewish people. This means, as the outgoing Israeli UN Ambassador Danon observed, “the cause for a Jewish state became part of international law,” which carried over to the United Nations. The Palestinian leadership and their enablers reject these historical underpinnings of Israel’s claims, not to mention the Jewish people’s ancient roots in the holy land of Israel.

Even if, for the sake of argument, we were to look past all this history, the so-called “Arab Higher Committee” forfeited, on the Palestinians’ behalf, the immediate legal recognition of a new independent Arab state for the Palestinians when the Committee rejected the allocation of partitioned land for such new state under the UN General Assembly’s November 1947 Resolution 181. The Palestinian leadership chose instead to join the armies of their neighboring Arab states in an aggressive war to destroy the newly independent Jewish State of Israel that had been established in compliance with Resolution 181. That war ended in an armistice, with Jordan illegally seizing the West Bank during the 1948-49 war, which it occupied illegally for 19 years.

Between 1948 and 1967, there was no attempt to establish an independent sovereign Palestinian state within the seized Jordanian-controlled territory. In fact, the 1964 National Covenant of the Palestine Liberation Organization stated the opposite: “This Organization does not exercise any territorial sovereignty over the West Bank in the Hashemite Kingdom of Jordan, on the Gaza Strip or in the Himmah Area.” The PLO declared that the “avowed aim of the organization was to blot out the State of Israel.”

During the 1967 Six Day War, Jordan launched an aggressive attack on Israel. Israel defended itself, which it had the legal right to do under international law, including pursuant to Article 51 of the UN Charter. To help ensure its future defense against further acts of aggression, Israel took over control of Jordan’s illegally seized lands in the West Bank and East Jerusalem.

Palestinian terrorism against Israel existed prior to the beginning of Israeli control over the West Bank and Gaza in 1967

Article 2(4) of the UN Charter states that “All Members shall refrain in their international relations from the threat or use of force against the territorial integrity or political independence of any state, or in any other manner inconsistent with the Purposes of the United Nations.”  (emphasis added) Jordan violated Article 2(4) with its illegal seizure and occupation of the West Bank and its attack, 19 years later, upon pre-June 1967 Israel. The collection of Palestinian people living in the West Bank and Gaza did not constitute a legally recognizable “state” in 1967. Persons of Palestinian origin were granted Jordanian citizenship after 1948, which remained the case until at least 1988. When Israel became the only sovereign UN member state in control of any lands in the West Bank after its victory against Jordanian aggression in 1967, Israel had not taken one iota of land belonging legally to any other independent sovereign state.

UN Security Council Resolution 242, which was adopted on November 22, 1967, remains in effect today. Resolution 242 contemplated negotiations amongst the parties to resolve the Israeli-Palestinian conflict with the assistance of a UN Special Representative, based on the principle of “respect for and acknowledgement of the sovereignty, territorial integrity and political independence of every State in the area and their right to live in peace within secure and recognized boundaries free from threats or acts of force.”

While Resolution 242 called for the withdrawal of “Israel armed forces from territories occupied in the recent conflict,” it pointedly did not demand complete withdrawal from all such territories. Israel has demonstrated on repeated occasions its willingness to negotiate a genuine “peace for land” exchange with the Palestinians. However, Palestinian leaders have rejected successive offers of land for peace, including one in 2008 under which Israel would have withdrawn from virtually all of the West Bank and partitioned Jerusalem on a demographic basis.

Palestinian terrorism against Israel existed prior to the beginning of Israeli control over the West Bank and Gaza in 1967. Since 1967, the Palestinians have continued their acts of terrorism against Israelis living within the lines of pre-June 1967 Israel, aided and abetted by the Iranian regime. The number of cross-border operations reached almost 1,500 in 1968, before there were any extensive Israeli settlements, barriers or checkpoints. After Israel unilaterally withdrew its military personnel and Jewish settlers from Gaza in 2005 and gave the Palestinians a chance to create a completely self-governing entity of their own, Hamas ended up taking control. The terrorists used Gaza as their launching pad for rocket attacks and other terrorist assaults against civilians living inside Israel. Palestinian terrorists also snuck into Israeli cities from the West Bank, conducting suicide bombings, vehicular attacks, shootings and knifings.

The false “annexation” narrative is being weaponized by Israel’s enemies in the United States and abroad

Thus, Israel is fully justified in believing that its “right to live in peace within secure and recognized boundaries free from threats or acts of force,” as promised by Resolution 242, would be impossible to realize if it were to revert to the pre-June 1967 lines. The Palestinians’ continued refusal to engage in direct negotiations over the final disposition of border issues leaves Israel no choice but to consider applying formal sovereignty over areas within the West Bank it considers necessary for its defense and to protect Jewish residents living in those areas.

Subsequent UN General Assembly and Security Council resolutions purported to impose upon Israel a so-called internationally recognized “border” with an independent Palestinian state based on the pre-June 1967 lines (unless the Palestinians voluntarily agree to make any adjustments). The resolutions also purported to declare East Jerusalem (including Jewish holy sites in the Old City) as the capital of the Palestinian state. The West Bank is not one of the UN-administered trusteeship territories. Nothing in the UN Charter, established international law, or the foundational Security Council Resolution 242 provide any legal authority for such arbitrary drawing of borders by unaccountable UN bodies.

“With history and international law on its side, and given the Palestinians continued unwillingness to negotiate with and recognize Israel as a Jewish state,” outgoing Israeli UN Ambassador Danon declared, “Israel’s government will begin the internal discussion of how to apply sovereignty to our most ancient lands in Judea and Samaria. Those who decry it as ‘annexation’ are doing nothing more than appeasing the Palestinian narrative and making peace ever more elusive. This puts them, to use their words, on the wrong side of history.”

The false “annexation” narrative is being weaponized by Israel’s enemies in the United States and abroad. But Ambassador Danon has indicated that Israel will not yield to outside threats regarding its sovereignty decisions. We can only hope that the traditional bipartisan support for Israel in Congress will not significantly erode, even as friends of Israel such as long-time Congressman Eliot Engel lose to anti-Israel progressives and AOC exerts greater influence as a result.

My investigation: the cult of COVID


They’ll go to war on the basis of a claim. In this instance, it turns out to be an economic war against the people of Earth. A psychological war. A war against freedom

Jon Rappoport image

Re-posted from the Canada Free Press By  — NoMoreFakeNews—— Bio and ArchivesJuly 8, 2020

cult of COVID
After I published several recent articles, an issue was raised.  I’ll use it as an introduction to the cult of COVID.

I stated that a new COVID virus was never properly discovered.  Then I was asked: so are countries all over the world pretending the virus is real?

Answer: No, they’re not pretending.  “Countries” aren’t doing anything.  Government leaders are issuing edicts, on the scientific and medical advice of officials surrounding them.  These officials are true believers.  They have faith that the COVID virus exists.  Why?  They’ve been told it exists by their bosses.  And so it goes, all the way up the line, in the cult.  Bigger and bigger bosses, all of them true believers.

THAT’S why the correct study hasn’t been done

(To read about Jon’s mega-collection, The Matrix Revealedclick here.)

Yes, a lab here and a lab there claim they have isolated the new COVID virus.  But they have not done a complete STUDY to prove the existence of a new virus.

A complete and coherent study would involve, say, a thousand “epidemic” patients, side by side.

Researchers would make electron microscope photos of tissue samples taken from all the patients—-the photos would be made AFTER these samples have been subjected to proper purification processes, involving a centrifuge and the correct collection of viral material from the centrifuge.

Such a study hasn’t been done, and it won’t be done.

Why?  Because there is a great risk from reading the results of a thousand side by side electron microscope photos.  If the photos don’t match up, if they don’t all show particles of the same virus, and if those particles aren’t unique—-i.e., never before seen—-then two things happen: the claim that one virus is causing a pandemic collapses; and the claim of discovering a new virus collapses.

THAT’S why the correct study hasn’t been done.

Little anecdotal claims from this lab and that lab don’t amount to a hill of beans.  They’re irrelevant.

The scientists who are in the cult believe in their own special procedure of discovering a new virus

So what is left?  A kernel of nothing—-“the virus exists”—-passed from hand to hand, shared by all, signifying Belief.  Reflex Belief.

EVERYTHING that follows, stemming from a false belief in a new virus, is meaningless.

It all goes back to the beginning.  That’s where the fabrication was hatched.

Before you say, BUT WHAT ABOUT THIS, HOW DO YOU EXPLAIN THAT, read my many previous articles.  I account for people getting sick and dying and being falsely labeled COVID.  There is no need to invoke a new virus.

A large cult is composed of many layers of foot soldiers, all of whom believe.  But when you get to the top, you see a few people who know the truth.  They lie about the discovery of a new virus, and they spread that lie to further their own agenda—-in this case, destruction of nations and the ushering in of a fascist technocracy for the planet, a Brave New World.

But, as I say, the main body of the cult, the millions of mask wearers and the distancing people and the doctors and the mayors and the governors and the routine public health officials and so on—-they go on faith.  Their god is Fauci, and television, and news.

The scientists who are in the cult believe in their own special procedure of discovering a new virus.  They “sequence its genetic structure.”  This is their scripture and bible.  But the problem is, what kind of sample are they starting with?  They say it is a new virus, but this, too, is faith.  It could be part of an irrelevant virus, it could be a whole but decaying irrelevant virus, it could be a random piece of genetic material, or cellular debris, or exosomes; whatever.  And if this sample is used as the basis of analysis at many labs, they will all come up with the same irrelevant result.  To which they will bow down.

Economic war against the people of Earth.  A psychological war.  A war against freedom

A geneticist tried to sell me the results of a single small study, in which a purported COVID-19 virus was injected into mice and caused them to get sick.  This, to him, was proof that, indeed, a new dangerous virus had been discovered.

I was dumbfounded, but not too dumbfounded to reply.  First of all, the mice had been genetically altered.  Why?  Usually, that means their immune systems were disabled.  In which case, any old germ could make them ill.

Second, the whole purpose of doing animal studies—-as misguided as that practice is—-is to move up the chain of species until you get to animals that most closely resemble humans.  Which are apes.  Definitely not mice.

And third, even if a virus can make ordinary unaltered mice ill, so what?  They still haven’t proved that virus is new—-which is the claim for COVID.

But they try.  They keep trying and failing to prove that a new coronavirus exists which is causing a global pandemic.

Cults don’t care.  They will announce any claim and back it up with any useless piece of evidence.  They’ll go to war on the basis of a claim.  In this instance, it turns out to be an economic war against the people of Earth.  A psychological war.  A war against freedom.

Biden, Browner, And The Green New Deal


Jack Dini image

Re-posted from the Canada Free Press By  —— Bio and ArchivesJuly 8, 2020

Biden, Browner, And The Green New Deal

Joe Biden’s campaign is unveiling a ‘Climate Engagement Advisory Council” aimed at mobilizing voters who prioritize climate change and environmental justice. November’s election is a stark contrast between Biden, whose platform goes much further than Obama-era policies,  and President Trump, who largely dismisses the problem, and is rolling back his predecessor’s initiatives. 1

Joe Biden has picked Carol Browner as a climate adviser. Browner was the Clinton EPA chief and Obama energy and environment czar.

President Obama’s climate czar, Browner

As President Obama’s climate czar, Browner told lawmakers to embrace the Green New Deal, and later suggested they start by codifying the Obama regulations that President Trump was trying to undo. 2

Browner’s remarks came a few hours after lawmakers unveiled their resolution for the Green New Deal, which would transition the US economy entirely away from fossil fuels within ten years while simultaneously providing federal jobs and health care guarantees. It would also, according to proponents advance ‘social’ economic, racial, regional and gender-based justice and equality and cooperative public ownership.

“Let’s just take a moment to, like, say this is a good thing. This is a big challenge, and it deserves a big response. A lot of the details we’ll need to work through and sort out, but today’s a good day. We took a big step forward. And it’s only through aspiration and vision that we make progress, so I’m excited,” she said. 2

Steve Milloy reports, “Carol Browner was a commissioner in Socialist International. This revelation has been ignored by the mainstream media and blithely dismissed by her supporters. Socialist International is precisely what it sounds like—a decidedly anti-capitalistic political cause. Founded in 1951, its organizing document rails against capitalism, asserting that it ‘has been incapable of satisfying the elementary needs of the world’s population..unable to function without devastating crises and mass unemployment..produced social insecurity and glaring contrasts between rich and poor..(and) resorted to imperialist expansion and colonial exploitation..” Socialist International also asserts.”  3

According to its own principles, Socialist International favors the nationalization of industry, is skeptical of the benefits of economic growth and wants to establish a more ‘equitable international economic order.’ In true Marxist form, it asserts that, “the concentration of economic power in few private hands must be replaced by a different order in which each person is entitled—as citizen, consumer or wage earner—to influence the direction and distribution of production, the shaping of the means of production, and the conditions of working life.”

“Do you guys think of it as a climate thing? Because we really think of it as how do you change the entire economy thing,’”

Steve Milloy concludes, “You know, one might get the impression that there’s actually something wrong with, and embarrassing about a key White House adviser advocating the undermining of a basic principle of our economic system.” 3

All of this sounds like the words of Green New Deal Alexandria Ocasio-Cortez’s proponent’s chief of staff Saikat Chakrabarti, who admitted recently that the true motivation behind the Green New Deal is to overhaul the ‘entire economy.’  “Do you guys think of it as a climate thing? Because we really think of it as how do you change the entire economy thing,’” he said. 4

References

  1. Ben Geman, “Biden rolls out team to boost climate vote,” axios.com, July 3, 2020
  2. Adam Aton, “Copy Obama to kick-start ‘Green New Deal’”, eenews.net, February 8, 2019
  3. Steve Milloy, “Browner: redder than Obama knows,” junkscience.com, January 15, 2009
  4. Jack Crowe, “AOC’s chief of staff admits the green new deal is not about cliamte change,” nationalreview.com, July 12, 2019

 

LOCKDOWN #2 BEGINS


In Europe, several places (cities and entire regions within a number of countries) have already locked down for a second time, and many others have returned to stricter rules (masks, quarantines and forced testing when coming from abroad, etc) barely a couple of weeks after having relaxed those rules a bit. They are deliberately shutting down the world economy to further this Great Reset. What these elitists fail to grasp is that the wholesale destruction of the world economy is not going to be smoothed over with Guaranteed Basic Income and hoping people are content to live in this new communistic world where individualism is dead.

They have realized that it is best NOT to let up and try to keep people locked down and terrorized rather than allow them freedom and then try a second lockdown September-October with the next flu season.

This is NOT the Black Plague and the wholesale destruction of the world economy will bankrupt another 20%+ of all small businesses and further their agenda to NATIONALIZE companies. They are using this virus, that they may have planted, to achieve this dramatic Marxist Revolution. They have divided people into groups and furthered the hatred to the point that they will be turning violent against each other. This is how even the Nazis succeeded in gaining power — divide and conquer to the point they will seek government and surrender all liberty to restore safety.

Welcome to the NEW REAL MARXIST WORLD ORDER.

Even in California, you really have to wonder why that state is so left. The people lit up the sky on the fourth of July DESPITE the nasty draconian politicians who imposed a $50,000 fine per person. They are fining people up to $2,000 in some parts for not wearing a mask. This is just insane.

World Economy Preparing for Collapse


The world has changed dramatically in the course of this orchestrated and intended collapse of the global economy in order to launch this Great Reset. In the course of several months, we have watched a deliberate economic disaster under the pretense of this coronavirus pandemic. While the main objective of one group has been the create a New Green World Order, they relied upon Socialists who realize that their economic dreams are also collapsing. As a result, this combined force is out to change the world and the real agenda is the New Green Socialist Agenda. They have pretended that there has been this huge tragically large number of human lives being lost when more people die from car crashes. They have deliberately terrorized people to achieve their agenda.

They have embarrassed politicians and countries into implementing quarantines, social distancing, and have locked down the world population where NOTHING of such a magnitude has EVER taken place in 6,000 years of recorded history. These drastic practices to contain this exaggerated pandemic have unleashed a Sovereign Debt Crisis our computer has been forecasting but never in my personal imagination w3ould I have ever anticipated that this would be deliberate.

 

 

The cost of this Great Lockdown is virtually beyond comprehension. We are witnessing people hoarding cash around the world. The magnitude and speed of collapse in economic activity that has followed is unlike anything experienced in our lifetimes. Yet the real trend starting to unfold is the collapse in public confidence. We are now even beginning to see runs on banks to hoard cash in China as well. Our sources in China are reporting that the People’s Bank of China initiated a strategic plan in the Hebei province which requires retail and business clients to pre-report any large withdrawals or deposits. They will expand this program in October to other provinces.

On a global scale, lenders around the world, including China, are facing a surge in bad debt as a direct result of this Great Lockdown. The world economy is facing a tsunami of bad debt that is bringing about an economic recession/depression into 2022. Even in China, the economic outlook is one of the slowest economic growth in four decades. In China, the government regulators were forced to step in last month to prevent bank runs at two local lenders in Hebei and Shanxi. Last year, China bailed out and even took over several struggling banks. In China, much of the loans were on real estate which has been forced to contract as social-distancing impacted the freedom of movement.

 

Our warning of the pending Monetary Crisis Cycle and the simultaneous Sovereign Debt Crisis Cycle has created a world economic outlook that is just beyond ANYTHING we have witnessed in over 300 years. This is How Empires, Nations, and City-States die.

Global Trade – Boris Johnson Nominates Liam Fox to Lead World Trade Organization…


President Trump and the U.S. economic team have held a policy perspective that the World Trade Organization (WTO) is no longer a useful functioning body to mediate global trade issues.  At the center of that view are two issues:

First that WTO rules and regulations do not support American economic interests; and secondly, that WTO processes still provide China with favorable benefits as an “emerging nation” despite their scale. As a result the Trump administration has been positioning for a withdrawal from a dysfuctional WTO.

In an effort to keep the WTO intact, British Prime Minister Boris Johnson has nominated a pro-Brexit/pro-America trade minister, Liam Fox, to become the next Director General.

(Via Fox News) – The British government on Wednesday announced that it was nominating former International Trade Secretary Liam Fox to head the World Trade Organization – selecting a strongly pro-Washington candidate at a time when the U.S. is debating quitting the trade body.

“Dr. Fox is a passionate advocate of multilateralism, who brings detailed knowledge of the global trading system from his years as a U.K. cabinet minister and secretary of state for international trade,” Prime Minister Boris Johnson said in a letter to the Geneva-based organization. “He has first-hand experience of the political and technical challenges of negotiating trade agreements and the reforms that are needed to ensure the global trading system truly delivers for all WTO members.”

Britain was one of a number of members of the organization to put forward nominations for a replacement for Director-General Roberto Azevedo, who is stepping down in August after seven years leading the body.

The eventual pick needs to win the consensus from all member states.

Fox was a strong supporter of the ultimately successful campaign for Britain to leave the European Union in 2016. Britain formally left the bloc earlier this year and entered a transition phase due to expire at the end of the year.

He has also been a vocal advocate for close ties between Britain and the U.S., meaning that if picked he could help blunt calls from Washington for the U.S. to leave the bloc. In a statement welcoming his nomination, he indicated that he would push to reform the organization.  (more)

President Donald Trump and Mexican President Andres Manuel Lopez Obrador Joint Press Statement – 630pm ET Livestream…


U.S. President Donald Trump and visiting Mexican President Andres Manuel Lopez Obrador are expected to deliver a joint statement at 6:30pm ET and take questions.

VIDEO and Transcript ADDED

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[Transcript] – PRESIDENT TRUMP: Thank you very much. (Applause.) Please. Thank you very much. Thank you. This evening, we are honored to welcome President López Obrador, the entire Mexican delegation, and many distinguished guests to a White House working dinner. We’ve been working all day, and we’ll be working for a little while longer. But it’s an honor to have you in the White House. Tonight’s gathering follows a productive day of meetings and concludes an exceptional visit, in which we made tremendous strides on behalf of our countries.

To your great President, I would just like to say that it’s been a profound privilege to have you with us today, and it’s a profound privilege to have you as my friend. We’ve had a great relationship, right from the beginning. And I think that maybe was against all odds. (Laughter.) A lot of people were betting against it, but they’ve learned not to bet against us, I suspect. (Laughter.) I know they’ve learned that in Mexico.

The people of Mexico and the United States are joined together by shared values, shared faith, and shared future on this beautiful continent. We’re both proud, sovereign nations built over generations by the sweat, sacrifice, and devotion of hardworking people who love their country and who give everything they have to create a better life for their beautiful children.

In the United States, the extraordinary contributions of Mexican Americans are felt in every industry, every community, and every facet of our nation. From art, to commerce, to science, to medicine, the Mexican people are incredible. They upheld our highest values: God, family, and country. They launch small businesses, propel industries, and they serve heroically in police departments and in our great military.

As we gather tonight, we reflect on all that our two people have accomplished together over the span of many generations, and we embrace the incredible opportunities that lay ahead.

We’re each blessed with a vast land that touches both of the world’s great oceans, extraordinary natural resources, and above all, we’re blessed with some of the most spirited, adventurous, determined, and talented people on the face of the Earth. It’s all about the people.

Mr. President, I’m certain that together we can unlock a future of even greater potential for our children, prosperity for our people, safety for our citizens, and pride for our countries.

With today’s visit, I’ve never been more confident that the future of this precious relationship and the destiny of this majestic continent will never be in better hands and never had a better future.

Once again, I want to thank you and all of your representatives for being here today. It’s a great honor. It’s a great honor to be with you. Thank you very much.

I’d now like to invite President López Obrador to say a few words on behalf of the incredible people of Mexico. Thank you. (Applause.)

PRESIDENT LÓPEZ OBRADOR: (As interpreted.) Friends, ladies and gentlemen, I am going to be brief. People say that: good and brief, twice as good.

I could only say that I subscribe everything said, everything mentioned by President Donald Trump.

We are countries — we are peoples, neighbors, brothers and sisters. We want to maintain good relationship — economic, trade, commercial levels, socially, and culturally as well.
And that’s the purpose of this visit.

As we’ve already said earlier today, this is the beginning of a new stage. We have signed a new agreement for — a free trade agreement, yes — among Canada, the United States, and Mexico. And with this new agreement, we are going to strengthen the economy of our region, North America. That’s a purpose which is fundamental — a fundamental purpose, and of course very good news for the inhabitants of all three countries.

This agreement has two new elements that help integrate the region and to potentiate the region. First of all, it sets forth that merchandise produced in our region in North America should have a high regional content. That is, even though we’re talking about auto parts, for instance, if it’s really any type of a consumer good or product, it does have to have something produced in Canada, Mexico, and the United States.

The other element that I believe fundamental and of great justice is guaranteeing better salaries, better labor conditions for workers of all three countries. This was not included in the previous agreement. That’s why we are just so happy to be here in the White House in this event, in the ceremony.

And I also come here to this dinner I was invited to by my friend, President Donald Trump, accompanied by businessmen from Mexico. Outstanding businessmen and women — not only because they invest, produce, they generate jobs, but also because they have a social dimension. They are thinking not only about accumulating revenues and profits, but also for things to go well for all of us, for all of us to do fine, for our people to also do well.

That’s why we are so appreciative of this reception, President Trump. And, in effect, the forecasts failed; we’re not fighting. We are friends, and we shall continue being friends.

Thank you very much. (Applause.)

PRESIDENT TRUMP: Thank you. Thank you very much everybody. Thank you very much.

END 6:49 P.M. EDT

WH Livestream Link – Fox News Livestream – Alternate Livestream

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Kayleigh McEnany Holds a Press Briefing – Video


Earlier this afternoon White House Press Secretary Kayleigh McEnany held a press briefing from the Brady Room.  [Video Below – Transcript will Follow]

President Trump Participates in Dialogue on Safe School Reopening – 3:00pm Livestream


President Trump and First Lady Melania Trump participate in a National Dialogue on Safely Reopening America’s Schools. Anticipated start time 3:00pm ET

White House – Today at 3:00 p.m., President Trump, First Lady Melania Trump, several administration officials, and teachers, administrators, and students from around the country will participate in a roundtable discussion on the safe reopening of schools, with respect to the holistic health and learning needs of America’s students.

WH Livestream Link – Fox News Livestream – Alternate Livestream

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