President Donald Trump will be delivering remarks on the economy, Biden inflation, and domestic manufacturing from Potterville, Michigan, today at 3:30pm ET. Livestream Links Below:
RSBN YouTube Livestream – RSBN Rumble Livestream – Trump Campaign Rumble Livestream
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Vice Presidential nominee Senator JD Vance, appears on Meet the Press for an argumentative debate on Trump policy. On the issue of tariffs, this might have been JD Vance’s first opportunity to set the record straight about what tariffs did in the first Trump administration.
Unfortunately, because JD Vance did not have the data to refute the NBC talking points, he missed an opportunity to set the record straight. Tariffs did not raise prices and consumers did not pay tariff rates in the first Trump administration. Factually, the exact opposite happened. Prices dropped when Trump tariffs were put into place, the reasons are explained after the interview. WATCH:
Our own analysis of U.S. consumer prices in 2019 showed that prices of imported goods actually declined despite the tariffs. A recent report from CPA takes a look at the impact to Chinese exports to the U.S. [SEE DATA HERE] Bottom line, the tariffs worked to reduce Chinese imports.
CPA – […] Since the Section 301 tariffs were imposed, the share of imports from China has steadily declined from 21.6% in 2017 the year prior to the tariffs to 16.5%, a decline of 5.1%. No other country has lost as much share of total U.S. import penetration over the past five years.
In terms of total import value, Mexico gained the most from the tariffs, adding $110.8 billion. Vietnam gained the second most in import value by $78.4 billion and by far gained the most of total share of U.S. imports. In 2017, Vietnam accounted for about 2% of U.S. imports at $46.5 billion. In 2022, the U.S. imported $127.5 billion in goods from Vietnam, and the share of the total nearly doubled to 3.9%. Other countries in Southeast Asia such as Thailand, Cambodia, and Indonesia all saw significant increases in their value of imports by the U.S. (read more)
With the 2024 election here, it is worth revisiting the actual tariff outcome to American consumers in order to dispel the popular myths about tariffs raising prices here at home. This might be the cited data you want to bookmark for later reference.
Earlier today the Bureau of Labor and Statistics (BLS) revised the annual jobs report to remove 818,000 previously recorded jobs.
[…] “The Bureau of Labor Statistics revised down its total tally of jobs created in the year through March by 818,000 as part of its preliminary annual benchmark review of payroll data. That suggests the economy added an average of 174,000 jobs per month during that time period — below the previous 242,000 estimate. On a monthly basis, that amounts to about 68,000 fewer jobs. It marks the largest downward revision since 2009.” (read more)
When asked about the troubling indicator of this revision, Commerce Secretary Gina Raimondo had no idea the BLS had made this announcement. WATCH:
Reporter: Nearly a million jobs “created” since Kamala took office do not exist.
Raimondo: “I don’t believe it because I’ve never heard Trump say anything truthful.”
Reporter: “It is from the Bureau of Labor.”
Raimondo: “I’m not familiar with that.”pic.twitter.com/UFKJiwWuPZ
— Greg Price (@greg_price11) August 21, 2024
The media construct around the political campaign of Kamala Harris took a big hit today when Harris held a campaign event in Raleigh, North Carolina, but did not have a big-name music star to bring the crowds. As a result, only a few dozen supporters showed up to hear the preliminary economic plan of Kamala Harris.
The official crowd size was listed at 109 participants, including media as Kamala read from a teleprompter at the event.
Harris has pledged price controls for groceries, which will drive up the price of groceries. Harris has pledged $25,000 in down payment assistance for first-time homebuyers, which will drive up the price of housing. And Harris has pledged to use taxpayer funds to build 5 million residential housing units for low-income illegal aliens.
President Donald Trump delivers remarks on the economic hardships created by the Harris-Biden Administration in Asheville, North Carolina. Start time 4:00pm ET. Livestream Links Below:
RSBN YouTube Livestream – RSBN Rumble Livestream – Trump Campaign Rumble Livestream
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This entire hour conversation with Péter Szijjártó is a ninja level linguistic evisceration of the lies, fraud and media spin that form the epicenter of the “great pretending” era. It really is worth watching all of it.
However, for the sake of time and focused attention, I have prompted the interview to the 18:00 point where Hungarian Minister Szijjártó, the Hungarian equivalent of our Secretary of State, talks about the great Western con job surrounding the Russian sanctions.
As many of you know, I traveled to Budapest and sat in bank offices so that I could literally see with my own eyes what I was told was happening {GO DEEP}. Everything that Péter Szijjártó says in this interview is well articulated and 100% accurate to the reality of what is happening. WATCH [Prompted]:
BlackRock investment firm writes the regulatory and economic policy for Joe Biden’s administration. That’s the quid-pro-quo that maintains the Biden political financial operation. All of DC know it. No one does not know. The ones who claim they do not know about it are all pretending. Republicans take the background BlackRock bribes and pretend.
BlackRock positioned massive investment assets inside Chinese auto manufacturers, MG, BYD, and Chery. The three Chinese companies are in the process of moving North American auto manufacturing to Mexico, specifically to make EVs. The Chinese EVs made in Mexico will come into the U.S market tariff free under the USMCA trade agreement. China and BlackRock will make billions.
Today, Joe Biden announced a series of tariffs against China in the EV industry. [SEE HERE] The Chinese EVs are not being made in China. The tariff regime is a farce – a total joke.
Biden might as well be announcing tariffs on Chinese swimming pools flown into the USA via hot air balloon. There will be more Chinese swimming pools delivered from China than Chinese EVs. The Chinese EVs come from Mexico. The tariff is fake.
There was a meme we often shared 15-years-ago as the era of Obama’s political rise started to manifest in full glory. The Chicago Marxists, who used the power of political correctness, guilt and progressivism to manipulate public opinion, were successful.
The radicals took control of the executive branch institutions, George Soros began funding networks connected at various state levels to the judicial branch institutions and the manifesting results were predictable.
All of the current violent and extreme pro-Hamas college activity flows from the same system of NGO’s and political activist groups connected to the Obama network. They hate Israel, and they hate the USA.
CALIFORNIA – In UCLA last night protesters and counter-protesters were seen clashing with sticks, and tearing down metal barricades, TV footage showed. Others were seen launching fireworks or hurling objects at each other in the dark – lit up with laser pointers and bright flashlights.
The Los Angeles police department said that ‘officers have been deployed, and are currently on the UCLA campus, to assist in restoring order.’
The nationwide protests have posed a challenge to university administrators trying to balance free speech rights with complaints that the rallies have veered into anti-Semitism and hate.
The unrest has swept through US higher education institutions like wildfire, with many student protesters erecting tent encampments on campuses from coast to coast.
Guyana President Dr. Irfaan Ali sat down with BBC narrative engineer Stephen Sackur, host of BBC’s HardTALK, to talk about Guyana’s vast offshore oil and gas reserves and how it is transforming their national economy.
The BBC production crew came with an intent to confront President Ali about climate change and the unwillingness of the emerging nation to adhere to the dictatorial fiats of the Western world. BBC arrived fully immersed in the climate change agenda, with a narrative that stands aghast at the nerve of another nation to look out for the best economic interests of their citizens.
President Ali was not going to allow the BBC to avoid the hypocrisy within their position and he fired back brilliantly. WATCH (prompted):
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Pretending leftists wonder why the world is cleaving. Then again, in order to advance their insane ideology, the progressive left must always pretend not to know things. The BBC narrative engineer is a case study in this pretense.
An entire generation within the walled and occupied West have been indoctrinated to believe in the cult of climate change. As the same ‘Western world’ loses a grip on their historic influence, the global cleaving does not come as a surprise.
People have asked me about the origin of the CBDC planning, the motive for the master design of the WEF and Western financial and corporate world. Why would they need to wall-off the West through banking, finance and economics?
There’s some nuance in the story, but essentially the Biden administration is not approving or extending Liquified Natural Gas (LNG) export permits to nations who do not have free trade agreements (FTA’s) with the United States. This is causing expansion issues in the LNG industry as needed investment capital by the industry is negatively impacted.
The Biden administration says they are pausing the permitting while they study climate change. However, the Biden administration is also unilaterally sending LNG to Europe to support the NATO objective to hamper the Russian economy (not working).
As a consequence, the Biden administration (think Biden family) is controlling the outflow of LNG; essentially putting themselves in a position of financial influence over the LNG industry. Who is controlling whom, and why?
HOUSTON, Texas — The liquefied natural gas industry has criticized the Biden administration for pausing export permits on LNG as uncertainties arise for developers planning massive amounts of investment.
Major U.S. exporter Freeport LNG’s Chief Executive Officer Michael Smith said Wednesday in an interview on the sidelines of the CERAWeek energy conference in Houston that “you won’t get this resolved till after the presidential elections” in November.
The U.S. Department of Energy, which issues permits for LNG export projects to countries that are not part of free trade agreements, announced in January that the government will pause permits to review how the projects affect climate change, national security and the economy.