Anyone who has ever dealt with a toxic narcissist understands the psychology behind their manipulative language, words and intents.  What Canadian Prime Minister Mark Carney is doing here is very dangerous, particularly for the Canadian people.

After a year of increased provocative language intended to confront President Trump for U.S. nationalist policy changes on economics, trade and security, Prime Minister Carney travelled to Europe where he again delivered strong remarks saying that Europe is now the center of the “rules based international order,” the western government control mechanisms that have maintained economic and security relationships for the past one-hundred years.

Essentially, Carney, after saying the USA was no longer a reliable or obedient partner, emphasized the opposition to state nationalism must come from a collective decision to retain the old geopolitical structures.  President Trump must be opposed, and Europe -according to Carney- represents the assembly that will not permit state government nationalism (sovereignty) to replace their long-constructed globalist systems.

Today, Prime Minister Carney faced questions about those remarks. I don’t want to influence the audience, but with the context in mind, watch and listen closely to his response. [Prompted]

[NOTE: The question comes from the Toronto Star, the only ‘conservative’ media outlet permitted under the rules of the Canadian regime to ask questions.  All other outlets who might challenge the government viewpoints are strictly controlled and not permitted audience.]

Notice how Carney divides the world of opposition to President Trump, indicating the 5-Eyes nations of Canada, Great Britain, Australia, New Zealand are in opposition to Trump and in alignment with the old control mechanisms.  Adding to this grouping, Carney pulls in the entire European continent and boldly proclaims his position as lead diplomat and representative for their effort against the USA.

This is a very dangerous game that Prime Minister Carney is choosing to play here.  This is the behavior of a person who is toxically narcissistic and prepared to claim victim status as soon as his target hits back.  Carney has carefully and purposefully deceived his domestic audience, and things are about to get very ugly.

(more…)

How do you sum up the economic forecast for Europe? This story highlights one of the craziest stories in a long time. This is so blindingly suicidal, it cannot be stupidity. This is intentional.

BACKGROUND – You might remember last year due to climate/carbon emission regulations inside Europe EU automakers had to pay fines to the EU Commission if they did not meet electric vehicle targets. In order to avoid the penalties many EU automakers began purchasing ‘carbon credit’ offsets from Chinese EV automakers.

European car makers were paying China for carbon credits, and Chinese car companies began using the payments to lower prices. Europe was, essentially, paying China to undercut their own auto market. The result was European car makers, specifically those in Germany, losing market share to lower price EVs from China.  German industry began shrinking.

If that wasn’t crazy enough, what comes next is beyond laughable. As a result of lost sales and diminished volumes, Volkswagen had shut down auto plants. Now, Volkswagen is announcing that Chinese automakers, their China “partners,” will take over the underutilized facilities and start building Chinese cars in Germany.

GERMANY – Volkswagen Group is facing increased pressure from its board to further cut costs despite already announcing radical measures, such as axing around 50,000 jobs in Germany by 2030 and reducing production capacity by up to 3 million units per year to 9 million, which would make it very difficult to avoid plant closures or sales. Overall, Europe’s largest automaker aims to reduce costs by 20% by the end of 2028.

In an attempt to mitigate the effect of these measures, the automaker appears ready to do what not too long ago would have seemed unthinkable, namely selling China-developed cars in Europe and even sharing its underutilized plants in the region with its Chinese partners.

(more…)

Six days ago, in Marsberg, German Chancellor Friedrich Merz criticized the U.S. approach to Iran, saying Washington was being “humiliated by the Iranian leadership” and demanding the conflict end “as quickly as possible.”

Three days ago, President Trump responded with an announcement that U.S. troops in Germany would be drawn down, and there would be a 25% tariff on all imported European autos.  {GO DEEP}

Suddenly, Friedrich Merz reverses his position:

[SOURCE]

Imagine that.

But seriously folks, when people argue that it’s not about the economics of the thing – remind them, it’s always about the economics of the thing.

(more…)

White House National Economic Council Director, Kevin Hassett, appears on CBS news to dispatch the narrative engineering of Margaret Brennan.

I completely understand why the White House appears to have finally had enough of Ms. Brennan’s dramatic performances and has chosen not to send most representatives into this nonsense pantomime any longer.  She’s even more insufferable than Jake Tapper.  That said, Kevin Hassett is likely the only member of the administration kindhearted enough to deal with the snark and lack of substance.

What I don’t understand is why the White House just doesn’t tell her in brutally honest terms: Margaret, your dramatic performances are tiresome, and your intellectual vigor is running at a continual deficit. Regards.

True to form, Ms. Brennan wanted desperately to pontificate about the terrible state of the U.S. economy blaming the White House for the failure of Spirit Airlines, and demanding Kevin Hassett address the Iran conflict that is not in his portfolio.  Director Hassett stayed comfortably in his lane, smiled and took apart the fake news construct as professional as possible given the absurdity of Brennan’s presentation.

[Transcript] – MARGARET BRENNAN: We begin this morning with the director of the White House Economic Council. Kevin Hassett joins us from Los Angeles. Good early morning to you.

KEVIN HASSETT: Oh yeah, good morning.

MARGARET BRENNAN: Well Director, President Trump sent a letter to Congress on Friday saying a few things. One that the conflict with Iran, the ceasefire has been extended. He also said the hostilities have been terminated. He also said the threat posed by Iran remains significant, and the force posture will continue to be updated. Then overnight, we saw the President said Iran has not yet paid a big enough price for what they’ve done to humanity. What exactly is the message to the market?

KEVIN HASSETT: Right. Well, I think the market has been pretty consistent. The fact is that what the President is seeing is that the blockade is working. It’s putting an enormous amount of pressure on Iran, and Iran’s threats to put mines in the straits have even made it so that humanitarian aid that, of course, we would let through to Iran, that there are a lot of those ship captains that are wary of going to Iranian ports because they’re worried about where the Iranians have put the mines. And so, you know, I go down to the sit room many times a week and get briefed on what’s going on in Iran, and they’re an economy that’s really on the precipice of extreme calamity. They are having a hyperinflation. They’re starting to have hunger. The bottom line is that the pressure on the great American people, because of these people who are like really intent on American and Israeli destruction with their nuclear weapons, are still in power. One last thing, Margaret, I don’t know if you noticed, but the UN Human Rights folks came out this week condemning Iran because they’re killing people who are trying to stand up to this regime that’s potentially, you know, causing starvation and even famine.

(more…)

Several key economic reports were released today highlighting a broad and strong U.S. economy with a very strong labor market.

♦ The first quarter Gross Domestic Product (GDP) was released by the Bureau of Economic Analysis (BEA) [DATA HERE] The first estimate is for growth at 2.0 percent.  At first glance that is lower than we expected; however, a deeper look shows a large increase in imported goods that are deductions to the equation.  The imported goods increased 25.8% more than the fourth quarter of 2025 [Table 1.1], that led to a net -1.30 percent deduction [Table 1.5].

The jump in imports is a result of massive capital expenditures on tools and equipment for the ongoing manufacturing boom.  All the manufacturing machines and industrial tools that are not made in the USA become imported goods deducted from our economic valuation.

Exports were very strong rising 12.9 percent over the prior quarter.  However, the 25.8% increase in imports created a net deduction from GDP (-1.30%).  The last time we imported this much was just before the tariffs went into place and companies were rushing advanced orders, in the first quarter of 2025; this created a rebound effect in the second quarter.

I estimate the second quarter rebound will be even greater this year because we are exporting massive amounts of oil and LNG right now.  Simultaneously, the capital expenditure imports will likely soften.

(more…)

U.S. Treasury Secretary Scott Bessent outlines Operation Economic Fury and the financial pressure campaign against the Iranian regime with Larry Kudlow.

KEY POINTS:

0:00 Introduction: Operation Economic Fury
0:39 Max Pressure: The Strategy to Freeze Iran’s Economy
2:04 Tracking the Money: Seizing IRGC Assets and Crypto
3:14 The Oil Blockade: Kharg Island at a Standstill
4:10 US Economic Resilience: Why Critics Are Wrong
6:04 IRS Modernization and Signature Tax Policies
7:33 Global Reshoring and the Manufacturing Boom
8:10 Geopolitical Chess: The UAE’s Break from OPEC
10:27 Federal Reserve Friction: Jay Powell vs. Kevin Warsh

(more…)

As you are aware, CTH is watching the small details closely on the U.S-Russia alignment against the backdrop of friction with the European Union, the U.K and NATO on issues surrounding Iran.  In the past several days there have been several smaller moments lost amid media chatter of bigger news items, this is one such example today in the Oval Office.

During a press availability with the Artemis II astronauts, President Trump was asked for an update on the Ukraine conflict and seemingly stalled negotiations between U.S. intermediaries and Russia.  At 04:12 of the video below, President Trump notes he spoke at length with Russian Federation President Vladimir Putin today on issues related to the Ukraine conflict, and {{{thoughtful-pause}}} Iran.  WATCH:

President Vladimir Putin is in no hurry to ceasefire in Ukraine, and the U.S. military operation in Iran is not against his interests.

On April 12, 2026, Treasury Secretary Scott Bessent quietly extended the sanction relief for Russia, permitting oil/gas sales loaded on vessels by 4/17/26 for transit and sale through 5/16/26.  This permits Russia to push oil to Asia, specifically China, India and ASEAN countries where it is needed, while simultaneously the UAE and Saudi Arabia increase oil pumping avoiding the issues with the Strait of Hormuz.

This is happening while the U.S. is providing large oil and LNG supply increases to South/Central America, Europe and Japan to offset any global shortages.

Russia supplies China, India and Southeast Asia; the U.S. supplies Europe and Japan; the UAE supplies India and Australia; while Saudi Arabia supplies Africa and Europe.  Global markets stable, Iran then faces operation financial fury led by Treasury Secretary Scott Bessent. {Go Deep}

(more…)

The Federal Reserve is reported to be historically apolitical, meaning all considerations are absent of politics.  However, no individual Federal Reserve Chairman has been more overtly political than Jerome Powell.

Today, after announcing yet again the Fed will not lower interest rates, Chairman Jerome Powell announced he will not leave the board of the federal reserve even after his term has expired and he is replaced by recently advanced Kevin Warsh.  Powell said he plans to maintain a “low profile” as a governor, but it will be the first time since 1948 that a Federal Reserve Chairman has stayed on the board at the end of their chairmanship.

The Inspector General is currently reviewing the massive cost overrun for a new multi-billion-dollar Federal Reserve building that has been the heart of controversy since the initial $1 billion overrun was announced. “I’ve said that I will not leave the board until this investigation is well and truly over with transparency and finality, and I stand by that,” Powell said.

(more…)

Big things are happening quickly as President Trump continues to disrupt historic global structures of control and influence.

The United Arab Emirates (UAE) has announced they are leaving OPEC in order to manifest their own sovereign economic destiny and increase domestic oil production without the limits and rules of the OPEC cartel. This is a significant alignment with President Donald Trump who has actively argued against the OPEC assembly and the oil price controls they have historically imposed.

DUBAI, United Arab Emirates (AP) — The United Arab Emirates said Tuesday it will leave OPEC effective May 1, stripping the oil cartel of one of its largest producers and further weakening its leverage over global oil supplies and prices.

The UAE’s decision had been rumored as a possibility for some time, as it pushed back in recent years against OPEC production quotas it felt had been too low — meaning it wasn’t able to sell as much oil to the world as it had wanted.

(more…)

You cannot have King Charles in the USA without checking on the perspective of Promethean Action. After all, Queen Elizabeth II and her offspring King Charles III were the arch nemesis of Lyndon LaRouche.

“Susan Kokinda links a third assassination attempt on Donald Trump at the Washington Hilton—where a 31-year-old Californian, Cole Tomas Allen, charged a Secret Service checkpoint with firearms and knives—to a broader political struggle she frames as the British imperial system versus Trump’s “American System.” She argues Trump’s own remarks about assassinations point to a pattern of targeting “impactful” leaders, comparing today’s climate to anarchist-era killings around 1900 and the 1901 assassination of William McKinley. Kokinda ties the attack’s timing to King Charles’ Washington visit, a new book, The Queen and Her Presidents, and a House of Lords/Chatham House report on “rebalancing” the UK–US partnership, highlighting UK dependence on the postwar “rules-based order” and concerns about a lasting US shift under Trump.”  WATCH:

.
There’s also a funny little video gif below that ties into this nicely.

(more…)