Treasury Secretary Steven Mnuchin testified yesterday to the House Appropriations Committee discussing the FY 2018 budget, the current state of federal finance and the need to increase the budget ceiling.

Most of Mnuchin’s testimony focused on the bigger and more broad economic issues including: the federal budget, tax reform, spending, the debt ceiling, and the need to focus on GDP growth.

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Secretary Mnuchin also describes the current state of the trade team’s conversations with multiple international partners and how they are responding positively to the engagements of Mnuchin, Secretary Ross (Commerce) and U.S. Trade Representative Lighthizer.

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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.

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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.

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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.

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Every word we read, every corporate broadcast, every espoused punditry opinion, every angle that’s visible, everything surrounding the Paris Climate “Treaty”, All.Of.It., is driven by multinational banks and corporations who have a vested financial interest.

The Paris Climate Treaty has nothing to do with “climate” and everything possible to do with economics, globalism and the controlled redistribution of economic wealth as constructed through decades of advanced policies of multinational financial interests.

There are factually TRILLIONS of dollars at stake.

When you consider the pontificating pearl-clutching from the financial and industrial elites, ask yourself this very basic question:

If Elon Musk (Tesla), Tim Cook (Apple), Larry Page (google), Mark Zuckerberg (facebook), or any of the myriad of multinational executives really cared about “climate change”, then why are they doing business in China?

The primary concern for every affiliated entity surrounds economics, not climate.  “Climate” issues are the Trojan horse, the false ruse, the talking point, the scheme to get economic systems in place -yes, political systems- to control the distributive flow of larger economic wealth within all nations.  Period.

What ObamaCare was to your loss of healthcare individualism, so too is the Paris Treaty a political tool to deconstruct national economic individualism.  FULL-STOP.

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President Trump’s political opposition, including Most Swamp Media (MSM), have claimed he went too far in calling out NATO members for their lack of funding their own military and security apparatus.

During President Trump’s latest trip to NATO he stated publicly they needed to improve and do it quickly.  The media expressed a position that President Trump was too direct; however, what the media never shows is how far out of balance the entire financial system is for NATO.

The members of NATO agreed to spend at least 2% of their GDP on their own internal defense and security.   Most people are probably familiar with a graphic such as below which appears on CNN website explaining the dynamic:

However, what is rarely added to the discussion is the scope of the U.S. GDP in comparison to other nation states.  For us to spend 3.61% of our massive GDP ($18.5 Trillion) is actually $670,344,000,000  That represents 76.11% of the entire NATO budget.

In the graphic below I’ve added the GDP and extended the math to show how much the United States actually pays in whole dollars in comparison to the top 10 NATO member nations:

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The Director of the Office of Management and Budgets, Mick Mulvaney, gave testimony today before congress and outlined the Mother Of All Budget Battles (MOABB).

Behind the scenes the financial class are putting full pressure on congress to attack the Trump administration’s budget proposals which would significantly enhance the speed of the swamp draining.   Lobbyists are out in force protecting their spending priorities, as the taxpayers watch the pantomime play out through the media’s preferred narrative.

The Congressional Budget Office and the Federal Reserve will work earnestly to block President Trump’s economic policy.  There are trillions of dollars at stake.

The ‘system‘, the vested financial interests who fund politicians, are apoplectic at the thought of any reductions in government spending – and the advanced ideology of financial upward mobility and independence is adverse to their interest.

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Office of Management and Budgets (OMB) Director Mick Mulvaney outlines the structure, intents and purposes of the Trump administration Fiscal Year 2018 Budget.  “The Taxpayers Budget”.

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Something appears to be happening within the administration that is currently impossible to define with regard to intent of construct. For the sake of my own internal disposition, and to ensure a geographic distance from sharp things, a modicum of levity is necessarily required.  Cue suspicious cats:

Unfortunately, it’s too early (not fully developed pixels) to see the picture, but there appears to be an intentionally constructed parallel set of administrative policies that almost gives the appearance of a paralleling administration. It should be emphasized the construct herein is not necessarily definable as good or bad; it’s just simply too early.

It begins with Vice President Mike Pence delivering a speech at the Invest in America Summit today, which is primarily a gathering of the largest lobbying group in Washington DC via The U.S. Chamber of Commerce.  No single lobbying organization has done more to advance global trade interests and diminish the U.S. manufacturing economy than the U.S. Chamber of Commerce, and its president Tom Donohue.

Simultaneous to this event, Treasury Secretary Steve Mnuchin was on Capitol Hill testifying to the Senate Banking Committee, and appears to have recently accepted the premise that the U.S. banking system is institutionally too big to fail, and more alarmingly too big to reform.

First, the Summit remarks:

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The last federal budget was signed into law in September of 2007 for fiscal year 2008 by George W Bush. It has been almost an entire decade since the worlds largest economy, the United State of America, had a federal budget to control spending:

Senator Tom Cotton, Senator Ben Sasse, Senator Chuck Schumer

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