The Netherlanders are a rather dramatic sort, organizing their system of governance on coalitions of various shades that agree to high-minded pleasantries as a way to remain above the fray of pesky conflict.  Alas, once a moment of core and consequential disagreement reaches an impasse, the entire Dutch government is said to “collapse.”

The Dutch Prime Minister Mark Rutte traveled to Tunisa earlier this year, together with EU leaders, pledging €1 billion in assistance if the North African gatekeepers could just stop the flow.  The effort didn’t work, and his small country of 18 million, already dealing with major internal conflict driven by farmers and climate change, could not cope with the toxic political challenge of increased unlawful migration.

Associated Press – The ruling Dutch coalition collapsed Friday after tense talks among the four parties in Prime Minister Mark Rutte’s ruling bloc failed to broker a deal over ways to rein in migration, a senior politician said. 

Henk Kamp, a senior member of Rutte’s People’s Party for Freedom and Democracy told Dutch television: “It is a great shame that the government has now fallen.” The failure of months of talks on the thorny issue could now force a general election. 

Rutte’s Cabinet gathered late Friday in a hastily scheduled meeting. “We talked for a long time, we are coming here tonight because we did not succeed,” Defense Minister Kajsa Ollongren told reporters as she walked into the Cabinet meeting.

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Earlier today President Trump kicked off a new coalition of Farmers for Trump in Council Bluffs, Iowa {Direct Rumble Link}.

While much of the first segment of the speech covers topics of significant importance to farming and agriculture, President Trump also expanded his remarks to cover current political events. WATCH:

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As if carrying Homeowners insurance in California and Florida wasn’t already subject to ridiculous increases in premiums, things are about to get a lot worse.

Effective with the July 1st notification, Reinsurance rates, these are companies who insure the insurance companies, are telling their clients there will be up to a 50% increase in cost for underwriting catastrophic coverage.  Perhaps claims in the past few years have been higher; however, I suspect the issue amid the reinsurers is partly connected to the issue that surrounds banks and bond rates.

Back when interest rates were near zero, banks and reinsurers likely scooped up lots of Treasuries and bonds. As the Federal Reserve hikes rates those bonds have declined in value. When interest rates rise, newly issued bonds start paying higher returns to investors, which makes the older bonds with lower rates less attractive/valuable. The result is that most banks, and I suspect big reinsurance houses, have some amount of unrealized losses on their books.

Whatever the reason, the big reinsurance companies are now telling the insurance carriers their catastrophe rates are going up as high as 50%.  Those insurance companies will then pass those rate hikes to the individual policy holders for commercial buildings, residential homes, cars, RV’s etc.  Bottom line, homeowner insurance rates are about to go up again with policy renewals, especially in Florida and California.

LONDON, July 3 (Reuters) – U.S. property catastrophe reinsurance rates rose by as much as 50% at a key July 1 renewal date, broker Gallagher Re said in a report on Monday, with states such as California and Florida increasingly hit by wildfires and hurricanes.

Reinsurers insure insurance companies, and have been raising rates in recent years because of steepening losses, which industry players put down in part to the impact of climate change. Higher reinsurance rates can affect the premiums which insurers charge to their customers.

U.S. reinsurance rates for policies which previously faced claims for natural catastrophes rose 30-50%, Gallagher Re said.

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New analysis of the long-term impact from Section 301 tariffs triggered by President Trump against China, shows just how consequential economic nationalism can become.

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 leading opponent to President Trump, Florida Governor Ron DeSantis, not supporting tariffs on behalf of the multinationals and Club for Growth donors who stand behind him, it’s worth revisiting the actual outcome to American consumers to dispel the popular myths about tariffs raising prices here at home.

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Joe Biden reads his response to the Supreme Court decision that blocked the executive branch from permanently eliminating student debt without an act of Congress.

In his defense of the smackdown by SCOTUS, Biden conflates his unilateral student loan giveaway with the legislatively authorized PPP program.  One is from executive fiat, the other from legislative assembly; see the difference?   Yes Joe, if you wanted it to be legit, you needed an act of Congress.

Additionally, notice how Biden lies about what the PPP program was. PPP was a program to subsidize and support the payroll expenses of shut down small businesses – keeping small business workers with a paycheck -not replacing the business’s operational income.  Video and Transcript Below – WATCH:

[Transcript] … This program was all set to begin.  The website had been set up.  The applications had been simplified so that it took less than five minutes to complete.  Notices had been sent out to people about the relief they were eligible for.  Sixteen million people — sixteen million people had already been approved.  The money was literally about to go out the door. 

And then, Republican elected officials and special interests stepped in.  They said no — “no” — literally snatching from the hands of millions of Americans thousands of dollars in student debt relief that was about to change their lives. 

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The larger story behind this recent Intercept Article is the headline you just read. Let’s talk….

The U.S. Chamber of Commerce is a representative organization in the United States that lobbies Congress.

The CoC represent the interests of the multinational corporations who use K-Street and J-Street in DC to write rules, regulations, policies and laws as part of their corporate control over U.S. wealth.  That’s what the CoC does.  That’s the entire purpose of the Chamber of Commerce.

For a long time, the CoC has been in the background of multiple political discussions.

During the Obama administration, the federal Dept of Commerce permitted the private sector U.S. Chamber of Commerce to write U.S. trade language; that is to physically write the words that go into U.S. trade deals with other countries.  This was the era of maximum value for the CoC that saw their coffers swell as massive multinational corps realized the CoC was in the business of literally controlling the U.S. capitalist economy.

The arch nemesis of the CoC was President Donald Trump, who threw the CoC out of the room when decisions were being made about trade and economic policy.  This was the era of minimum value for the CoC, when corporations were no longer getting to influence the policy.

In desperate response the CoC turned to their purchased politicians in Congress, specifically to their #1 ally Mitch McConnell, and asked or help in overcoming the problem that Trump and his America First agenda represented.

As MAGA (America First) economic and trade influence in Congress increased, the CoC had trouble because President Trump could target any Republican CoC beneficiaries that undermined the economic policy.  That could result in a career ending primary challenge.  For the first time in decades, the Republican wing of the UniParty had a tough time supporting Chamber President Tom Donohue in his demands for influence.

What happened next was stunning.

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As Anheuser Busch continues supporting alphabet “pride” and transgender grooming rallies around the nation, the sales of their products continue declining. However, that did not stop the marketing and advertising sector from awarding “creative marketer of the year” to Anheuser Busch at Cannes Lions, which is dubbed the “Oscars for the advertising industry.”

[New York Post] – Sales of Bud Light suffered their steepest weekly drop yet since the beer brand launched its disastrous tie-up with transgender social media influencer Dylan Mulvaney, according to the latest data.

In the week ending June 17, sales of the Anheuser-Busch brand fell by an eye-popping 28.5% versus a year ago, according to the most recent sales figures issued by Bump Williams Consulting and NielsenIQ.

That eclipses last week’s 26.8% decline, which beat the previous week’s fall of 24.4%.

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This is the big one.  The Economic Policy is the distinct and singular policy at the core of Make America Great Again.  The MAGA coalition is centered around the principles of America First economics, and Ron DeSantis has just admitted he does not support them.

CTH has long warned about Ron DeSantis’ economic policy being driven by the donors who fund him.  When he was in congress, DeSantis voted in support of Trade Promotion Authority (TPA) for President Obama, and DeSantis voted in support of the Trans-Pacific Partnership trade agreement (TPP).

These are the trade policies supported by the Club for Growth who was congressman DeSantis’ biggest funder.  The Club for Growth also held the pre-announcement donor fundraiser in February of this year in support of DeSantis ’24.

The Wall Street billionaire, hedge fund, multinational corporate alliance, that assembles at Sea Island and funds Ron DeSantis, are fully against America First trade and economic policies.  DeSantis has just made an admission of his alignment with that corporate “globalist” outlook to a private confab of donors in California.

The DeSantis campaign is in full panic and retreat mode now that his establishment position is exposed.  The statements during the secret meeting were leaked.

[CALIFORNIA] […] The Republican snuck in and out of the Coalinga landmark undetected by the public nor the media, by design. He flew in and out of the nearby Coalinga airport, ushered to the back loading docks by unmarked Fresno County Sheriff’s vehicles.

The Central Valley lunch stop for 60 donors — paying $3,300 — was in between a breakfast event in Sacramento, and an evening in southern California.  The only indication that something special was going on was a “private event” sign. Most of the questions for the security guard related to the location of the restrooms.

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During a recent event in Florida of approximately 1,000 audience members, Kari Lake asked the crowd if anyone supports Ron DeSantis?  The response from the audience is reflective of the typical Floridian response now that DeSantis has shown his political ambitions and dispatched Florida voters.  WATCH:

https://youtu.be/1mfgnvE_mU0

.

PALM BEACH, FL – […] At one point in her remarks to about 1,000 people who attended the event, Lake named each of the Republican candidates challenging Trump, who was indicted a second time last week.

When Lake mentioned Gov. Ron DeSantis, three people put up their hands but brought them down quickly amid a cascade of boos.  The good news for DeSantis, however, is that former Vice President Mike Pence drew an even louder chorus of disapproving cat calls. (more)

The audience reaction is reflective of a much wider view held by most Florida GOP voters.  The backlash is two-fold.  One part of it is driven by the stunning increase in cost of living for the working-class and folks on fixed incomes.  The second part is driven by people who just feel conned by the entire DeSantis operation.  All the DeSantis ‘influencers’ are working desperately to hide the reality on the ground.

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As customary in this era of a great awakening, there are a lot more Republican masks dropping this week.  There is a great deal of sunlight upon the professional and institutional Republican politicians that hold office, when contrast against the indictment of Donald Trump.  As we bear witness to the establishment opposition of candidate Donald Trump, once again it is valuable to understand the motive at the heart of this opposition.

CTH can get down in the weeds of each specific issue to discuss the motives and intents (we will, and do), but the big picture MUST remain at the forefront of understanding. If we lose track of the big picture, the weeds are overwhelming.

…“It must be remembered that there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage than a new system. For the initiator has the enmity of all who would profit by the preservation of the old institution and merely lukewarm defenders in those who gain by the new ones.”

~ Niccolò Machiavelli

♦POTUS Trump was disrupting the global order of things in order to protect and preserve the shrinking interests of the U.S.  He was fighting, almost single-handed, at the threshold of the abyss. Our interests, our position, is zero-sum. His DC opposition seeks to repel and retain the status-quo. They want to return to full economic control.

In these economic endeavors, President Trump was disrupting decades of financial schemes established to use the U.S. as a host for their endeavors. President Trump was confronting multinational corporations and the global constructs of economic systems that were put in place to the detriment of us.

There are trillions at stake. The need for control is a reaction to fear. The billionaire donor class fear losing control over economic policy and finance. They are funding every candidate, media resource, influencer operation, RNC, RGA, and every institution possible to retain their equity position. Opposition is based on economics; everything else is chaff and countermeasures.

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