Quantcast

Brilliant – President Trump and PM Johnson Structuring Trade Deal to Commence November 1st…

Those who could not see this coming are those who just don’t pay attention to how President Trump operates the geopolitical influence of economics.  This is Trumpian.
U.S. President Donald Trump and British Prime Minister Boris Johnson are walking their respective trade teams through a process to deliver a U.S-U.K trade deal on the day after a no-deal Brexit is scheduled to happen October 31st.  An interim trade agreement that goes into effect November 1st 2019 is pure Donald Trump win/win deal-making.

President Trump supports the nationalistic position, purposes and intents of Brexit. PM Johnson has promised to deliver Brexit by the mandatory date of October 31st.  One of the benefits, and also concerns amid the political left in the U.K, surrounds the economic impacts.  President Trump and PM Johnson would counter all those concerns with the announcement of an agreement for an interim bilateral trade deal ahead of Brexit.
This strategic approach, a deal that delivers both the Brexit result and the economic stability to offset any Brexit downside concerns, was the original idea that President Trump proposed to Theresa May two years ago.

LONDON (Reuters) – Britain and the United States are discussing a partial trade accord that could take effect on Nov. 1, the day after Britain is due to leave the European Union, a senior Trump administration official said on Tuesday.

(more…)

U.S. Intelligence Positions Hong Kong as Proxy Conflict With China – Thankfully President Trump Sees Trap…

The situation in Hong Kong is a geopolitical dynamic that will likely become much more volatile in the next few weeks, months and/or years.  One constant in an ever-changing universe is how the UniParty in DC will attempt to drag the U.S. into the issues.

First, Hong Kong is China.  Whether a generation of people look back with regret to the time when Great Britain ceded the territory to Beijing is irrelevant.  China has, and will have, full control over Hong Kong; and that’s the way it is.  This will not be reversed.
Any effort for the people within Hong Kong to reverse the situation and escape the clutches of oppressive communism while retaining their liberty will only lead to massive bloodshed.
Unfortunately for Hong Kong, as President Trump decouples the U.S. economy from the duplicitous communist Chinese enterprise, Beijing will grasp more control over the heavily Western-influenced economic strata in/around Hong Kong.
(more…)

President Trump Delivers Remarks on U.S. Energy and Manufacturing Revival – 2:10pm EST Livestream…

President Trump travels to Pittsburgh, PA, today to tour the Shell cracker plant and deliver remarks on “America’s Energy Dominance and Manufacturing Revival.” The anticipated start time is 2:10pm EST. [Update – Video Added]


(more…)

Brexit Presents Unique Trade Opportunity for U.S. and U.K. Economic Alliance….

First rule in geopolitics, it’s always about the economics.  Second rule in geopolitics: refer to rule #1.    Understanding this basic truism is the key to understand how President Trump is able to be so effective.  There are trillions at stake, and infinite interests.

“Economic security is national security.” ~President Trump

All politics circles back to the underlying economics; whether it is an individual financial self-interest for a specific politician, or whether it is a larger financial interest for a group or even a nation.  Everything is always about the money, and that essential truth is why Donald Trump is so uniquely qualified, influential and stunningly effective. Today:

(VIA CBC) The United States would “enthusiastically” support a no-deal Brexit if that is what the British government decided to do, U.S. national security adviser John Bolton told reporters on Monday.
[…]  As the United Kingdom prepares to leave the European Union on Oct. 31, its biggest geopolitical shift since the Second World War, many diplomats expect London to become increasingly reliant on the United States.
“If that’s the decision of the British government we will support it enthusiastically, and that’s what I’m trying to convey. We’re with you, we’re with you,” said Bolton, in London for two days of talks with British officials. The U.S. administration is seeking an improved U.S.-British relationship with Prime Minister Boris Johnson after sometimes tense ties between Donald Trump and Johnson’s predecessor, Theresa May.

(more…)

Trump Administration Enforces Immigration "Public Charge" Laws – Green Cards Dependent on Self Sufficiency…

The White House has announced the Trump administration will enforce long-standing immigration laws that require entrants to be economically self-sufficient and limits public welfare benefits.   An entry alien who is -or becomes- dependent on public welfare assistance, is known as a “public charge”.   Aliens will be barred from entering the United States if they are deemed likely to become public charges, or welfare dependent.
These immigration rules have been in place for over 100 years, and generally were strictly enforced until the last 25 years.  The Trump administration is re-enforcing the rules.


.
The enforcement action will have a direct bearing on the current immigration process as most border arrivals are economic migrants manipulating asylum claims.  Immigration based on self-sufficiency has been U.S. law for generations.
(more…)

Canadian Economy Loses 69,300 Private Sector Jobs in July – Unemployment Rate Increased to 5.7%…

After reviewing the unexpected resignation of Canadian Ambassador to the United States, David MacNaughton, several aspects of the U.S-Canada economic relationship; and the larger political ideological relationship between the far-left in both countries; begins to take a sharper focus.
Justin from Canada has acquiesced to the influence of democrat Speaker of the House Nancy Pelosi, and agreed to postpone any USMCA ratification vote in Parliament until Pelosi gives Justin her approval.  For political purposes, Speaker Pelosi is attempting to stall the USMCA vote in congress, which directly supports China, as long as possible.

When we first reviewed this political quid-pro-quo, we wondered if Justin from Canada was actually willing to hurt his own economy just to assist the political efforts of U.S. democrats.  Unfortunately, the answer is a resounding yes.

OTTAWA—Canada’s unemployment rate rose in July as the economy unexpectedly shed jobs for a second straight month, fueling speculation over a possible Bank of Canada rate cut later this year.
The Canadian economy lost a net 24,200 jobs in July on a seasonally adjusted basis, Statistics Canada said Friday. Market expectations were for a net job increase of 12,500.

(more…)

China Brings Mainland Military Forces into Hong Kong – Protests Cry Freedom…

As the U.S-China trade confrontation continues, China is running out of dollars.  Beijing is burning through cash to prop up its manufacturing industries; and the currency devaluation only exacerbates the problem.  A weak Yuan, makes their exports cheap; but China is an economy of dependency, and relies upon dollars to pay bills.
Against this growing internal financial crisis, videos seem to confirm Chinese military moving into regions around Hong Kong as protests continue.  Hong Kong nationals staged a three-day protest at Hong Kong’s international airport to draw attention to their plight.


.

HONG KONG (Reuters) – Hong Kong police fired tear gas at demonstrators in the working class district of Sham Shui Po on Sunday, as yet another day of protest marches turned into a confrontation between police and activists.
Ten straight weekends of increasingly violent protests have plunged Hong Kong into its most serious political crisis in decades, posing a challenge to the central government in Beijing.(link)

(more…)

Sunday Talks: Steve Bannon Extensive Interview With Maria Bartiromo…

Former White House chief strategist Steve Bannon appears on Fox News with Maria Bartiromo for a wide-ranging discussion on current political and geopolitical events.
Topics include the U.S-Mexico border security and immigration; the 2020 democrat candidates (announced and unannounced); the bigger geopolitical issues behind the U.S-China trade conflict; Joe and Hunter Biden’s direct financial relationship to the Chinese communist government; the USMCA trade agreement; Trump’s leverage to increase an EU free economic alliance against China; and radical action by dems.


(more…)

Manufacturing Trade Advisor Peter Navarro Discusses China and Markets….

White House Manufacturing and Trade Policy Advisor Peter Navarro appears on CNBC to discuss the turbulent week on Wall Street and the current status of the U.S. trade position with China.  Pundits are starting to accept that bigger tariffs are on the horizon.  Team Trump is not backing down; and our U.S. position is much stronger.
On one hand, Wall Street loves cheap money (low fed rates). However, on the other hand 51% of all Chinese manufacturing is done by U.S. owned multinationals; and those corporations don’t want to see the retention efforts of China undermined with a lower dollar value (lower fed rate). As a consequence Wall Street is schizophrenic.


.
On the issue of manufacturers leaving China, Forbes has this outlook: “American businesses now have a month to prepare their supply chains for the impending tariff changes. Companies that do well will be the ones who have taken Trump at his word, rather than to doubt the Disruptor-in-Chief’s position on China. Further disruptions are coming to the U.S. supplier network, impacting how equity analysts view companies, recommend their stocks, and — in a broader sense — impacting the business cycle, already long in the tooth.” (link)
(more…)

President Trump Impromptu Press Conference Departing White House – Video and Transcript…

Chopper pressers are the best pressers. President Trump was leaving the White House at 9:48am for travel to New York and New Jersey when he conducted a full press conference that lasted more than 30 minutes.  The journalists were melting.
Topics and questions included: China and status of trade conflict, background checks, the Federal Reserve and interest rates, a new “very beautiful letter” from Kim Jong Un, the Mississippi ICE enforcement actions, Colin Kaepernick’s prospects for NFL employment and Joe Biden’s defects as a candidate.  [Video below – Transcript ADDED]


.
[Transcript] – THE PRESIDENT: So, we’re doing very well with China. We’re talking to China. We’re not ready to make a deal, but we’ll see what happens. But, you know, we’ve been hurt by China for 25, 30 years. Nobody has done anything about it. And we have no choice but to do what we’re doing.
It’s working out very well, as you know. We called them on manipulation and they brought their numbers back, and they brought them back rapidly. And they were able to do that because they manipulate. But that’s — so it’s called “monetary manipulation.” Not good.
(more…)