British Prime Minister Theresa May speaks to the media following the terrorist attack in London last night. Mrs. May outlines the latest casualty count and expresses thanks for the rapid response of law enforcement.
(Daily Mail) Five jihadi terrorists shouting ‘this is for Allah’ have reportedly killed seven people and left dozens more injured in a horrific rampage around two locations in central London.
The men, described as being ‘of Mediterranean origin’, mowed down up to 20 people with a white van at 50mph on London Bridge on Saturday night, then began ‘randomly stabbing’ revellers with 12-inch hunting knives.
The Paris Treaty was/is always about distribution of economic wealth; and the convenient use of “climate phrases” as branding instruments used to create political policy favorable to multinational corporate interests who control the shifting of economic wealth.
Listen to the responses from participating EU corporate comptrollers discussing climate and the entire purpose of the Paris Treaty becomes self-evident. Example:
“The preservation of our competitive position is the precondition for successful climate protection. This correlation is often underestimated.”
~ Matthias Wissmann, President of German Auto Industry Group VDA
The preservation of Germany’s competitive auto manufacturing position is contingent upon the U.S. exporting it’s wealth and handcuffing itself to a faux-climate treaty. Do not take my word for it, read Wissmann’s own interview. The Paris Treaty is nothing about climate, and everything about economics and multinational corporate interests.
Forbes on Fox had an interesting discussion segment earlier today where some of the panel participants explained and discussed this exact issue. The Paris Climate Treaty was never about “climate” it was fundamentally about “economics”.
For those following along over the past two years this will not come as a surprise. European manufacturers understand the entire foundation for the Paris Treaty was about economics, economic advantages and the transfer of economic strength away from the U.S., not climate. Specifically for Germany the outlook is especially troubling.
First, Germany will be the primary EU country to fill the financial void from the U.K. leaving the EU (Brexit); that financial hole is approximately €15 billion per year. Secondly, Germany will be faced with having to renegotiate trade deals with the U.S. while they remain encumbered with the regulatory burden of the Paris treaty, while the U.S. negotiators are not. This is a large advantage for Team America.
As such, today we see and immediate reaction. German auto manufacturers announce they are faced with losing a competitive advantage over the U.S. in the global market, and will now need to reassess their domestic production and manufacturing standards:
REUTERS – Germany’s powerful car industry said Europe would need to reassess its environmental standards to remain competitive after the United States said it would withdraw from the Paris climate pact.
President Donald Trump said on Thursday he would withdraw the United States from the landmark 2015 global agreement to fight climate change, drawing anger and condemnation from world leaders and heads of industry.
“The regrettable announcement by the USA makes it inevitable that Europe must facilitate a cost efficient and economically feasible climate policy to remain internationally competitive,” Matthias Wissmann, president of the German auto industry lobby group VDA, said in a statement on Friday.
Earlier today Secretary of Commerce Wilbur “Wilburine” Ross was interviewed by Today host Matt Lauer. Wilburine doesn’t suffer fools especially when they are quoting from oppositional talking points disconnected from facts.
Lauer throws the progressive talking points and Wilburine simply chews through them while reminding Lauer the Paris Treaty was about economics not climate.
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The underlying principle of the Trump Economic Team’s policy is how they plan to effectively grow the economy beyond the current 1-1.5%. Without the insufferable regulation, and with renegotiated trade deals, the baseline for economic growth jumps enormously.
This is the fundamental disconnect most financial and economic followers are missing. All current assumptions for growth are predicated on the burdensome status quo; remove those blocks and the national GDP has no upper limit. Three to four percent (or higher) growth becomes the reality.
Commerce Secretary Wilbur “Wilburine” Ross deconstructs the progressive talking points surrounding the insufferable Paris Climate Treaty and explains how President Trump’s withdrawal benefits the U.S. economic interests.
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Commerce Secretary Ross, Treasury Secretary Mnuchin and Trade Representative Robert Lighthizer are empowered and positioned to create dynamic U.S. economic growth.
It’s Trumponomics folks, he’s not a politician. In addition, we are well within the space between the two economies: Wall Street and Main Street. As each month progresses over the next two years you will see increased momentum on Main Street’s engine as it closes the distance from three decades terrible fiscal policy with clear tracks ahead.
The upcoming FED jobs data will be based on figures captured the week of May 12th. The ADP jobs/payroll data is through the end of the month of May:
US private payrolls jumped by 253,000 in May, according to the monthly report from ADP Research Institute. Economists had forecast 180,000 jobs, according to Bloomberg.
Hiring increased in every goods-producing sector including mining and manufacturing, the report showed. In services, only information and leisure and hospitality had declines. (link)
It is important to remember, there is no historic economic model for what happens in the space between the two economic engines. A resurgence in the actual or real economy (Main Street) creates a new dynamic in economic modeling; while the paper economy (Wall Street), traditionally driven by monetary policy, is disfavored or ‘less than‘.
This is just epic in the broadcast fail. Those who control the strings on the puppets actually had a planned broadcast rebuttal to President Trump’s announcement to withdraw from the Paris Climate Treaty. [The producer, most likely from the Obama campaign apparatus that supported Macron, must have had a state of the union type response in mind]
In the most visible and effeminate representation of the ineptitude, weakness and cognitive dissonance of the caviar socialists, the globalists are trying to position French President Emmanuel Macron as the person to push back against the rise of American exceptionalism and geopolitical power.
As such, they have pushed President Macron to publicly whine on the international stage. The imagery is far too funny. Must watch:
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It is almost impossible to stop laughing.
AP is reporting the leaders of France (Macron), Germany (Merkel), and Italy (Genteloni) have released a joint statement saying the Paris Climate Treaty is irreversible and cannot be renegotiated. Effectively shutting down the only option President Trump left on the table for them:
Pay attention to the last sentence in the AP joint statement snippet:
French President Emmanuel Macron, German Chancellor Angela Merkel and Italian Premier Paolo Gentiloni said in a joint statement Thursday that they take note “with regret” the U.S. decision to pull out of the 2015 agreement.
The three leaders say they regard the accord as “a cornerstone in the cooperation between our countries, for effectively and timely tackling climate change.”
President Donald Trump is scheduled to announce the decision to withdraw the United States from the Paris Climate Treaty during a rose garden speech scheduled for 3:00pm:
UPDATE – Video Added: