Appearing on Fox News, Venture Capital Chairman Kevin O’Leary outline the anticipated impact of RFK Jr. as HHS secretary on businesses, President Trump’s plan to reducing government costs via Elon Musk, and what to expect with Doug Burgum as interior secretary. WATCH:
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Businessman Chris Wright is the CEO of oilfield services group Liberty Energy. Wright helped launch the American Shale Revolution of the mid-2000s that significantly increased US production of oil and natural gas.
President Trump has announced the nomination of Chris Wright to be Secretary of Energy.
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“The Council of National Energy will consist of all Departments and Agencies involved in the permitting, production, generation, distribution, regulation, transportation, of ALL forms of American Energy. This Council will oversee the path to U.S. ENERGY DOMINANCE by cutting red tape, enhancing private sector investments across all sectors of the Economy, and by focusing on INNOVATION over longstanding, but totally unnecessary, regulation,” Trump said Friday.
President Trump has announced the nomination of North Dakota Governor Doug Burgum to head the Department of the Interior and also Chairman of a newly formed cabinet-level National Energy Council (energy Czar).
[Source]
Very interesting move, not in the appointment of Burgum, but in the duality of a method to tear apart the Dept of Interior Silo.
As the American people are starting to become aware of a return to civics, the President of the United States has absolute power within the Executive branch and absolute immunity for everything he defines as an official act of his office.
By appointing Burgum as the Interior Secretary and simultaneously the appointed energy-sector representative of the president, carrying the full weight and authority therein, there is no way for the institutional bureaucracy of the climate change officials inside the agency to block any changes decreed by President Trump within the mandate of the Energy Czar.
Secretary Burgum will sit at the top of the Dept of Interior organization, AND Czar Burgum will sit inside every agency, office, and subsidiary department that has anything to do with “American Energy” production/regulation.
A very strong power move. I like it.
Burgum would lead a new National Energy Council comprising all agencies and departments involved in the production, regulation and transportation of “ALL forms of American Energy.” … “This Council will oversee the path to U.S. ENERGY DOMINANCE by cutting red tape, enhancing private sector investments across all sectors of the Economy, and by focusing on INNOVATION over longstanding, but totally unnecessary, regulation.”
Responding to reporters’ questions, today President of the European Union commission Ursula von der Leyen congratulated Donald Trump then immediately began the framework to explain EU background discussions in economic terms. “We still get a lot of [liquified natural gas] from Russia, and why not replace it by American LNG, which is cheaper for us and brings down our energy prices,” said Ursula von der Leyen.
The EU realizes the seismic shift that is upon them as a result of the U.S. election. Everything from the Ukraine-Russia war; the economics of energy which President Trump will use in negotiations for peace; to the factual lowered prices within the EU created by Joe Biden energy policy to punish Americans; to funding for NATO in combination with the potential for the end of the Marshal Plan one-way tariffs are looming. President von der Leyen is in a very precarious position.
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Ursula was speaking from ¹Budapest, Hungary.
While many are interpreting her remarks about purchasing LNG to be snuggling up to President Trump, factually it is a much bigger problem than western media will openly discuss.
MAGAnomics Simplified: Everyone who is a pragmatic critical thinker knows that China will (a) subsidize their targeted industries; then (b) devalue their currency to lower the impact of exports to the USA. Beijing controls the banks, and they did this before. As a result, the dollar value increases and imports cost less.
The Chinese imports then enter the USA at a lower price consistent with their cost estimate as a tariff offset. China takes in a lower price but retains access. That’s just how it works. The importers pay the tariff with a lowered price and a higher valued dollar. Essentially statis for the time being. Then…..
EU industrial products to Chinese manufacturing plants start to contract, due to China’s aggressive cost cutting initiatives.
The EU gets angry about the impact to their economy. The EU then follows the same path and devalues their central bank currency; further pressuring the dollar to an upward price. Exports to the EU are now more expensive; however, imports from the EU to the USA are now cheaper. Again, the EU goal is statis.
President Donald Trump sits down with Bloomberg Editor-In-Chief John Micklethwait for an extended interview. The interview is in partnership with the Economic Club of Chicago and is structurally President Trump facing down the globalists who sell Wall Street policy.
The interview was at times very combative as the interviewer, John Micklethwait, pushes a Wall Street ideology in alignment with the World Economic Forum. However, President Trump has already proven that his economic policies work.
President Trump stared down every WEF talking point and totally destroyed it. This interview is brilliant and a perfect juxtaposition for Economic Nationalism vs Multinational Globalism. President Trump tore the talking points apart. AWESOME!
Notice in the conversation about Tariffs, not a single word made by the “economists” on the value of the dollar and how pertinent it is in the equation.
When China and the EU devalue their currency to offset the impact of tariffs, the dollar value increases. This means it costs less dollars to import goods that come to the USA at a lower price (due to subsidies). Essentially, the diminished tariff impact is doubled.
This is a remarkable feat of engineering and mechanics. SpaceX returned Starship’s huge first-stage booster, known as Super Heavy, directly to its launch mount, catching it with the “chopstick” arms of the launch tower in a bold and unprecedented maneuver. WATCH (prompted):
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According to Elon Musk the Starship first-stage booster weighs 250 tons. The launch apparatus just caught it when it returned. Remarkable.
Congratulations, SpaceX and Elon Musk
Go ahead and make some money. Elevator Speech: “MAGAnomics is essentially ‘inverse BRICS.'”
Everyone who is a pragmatic critical thinker knows that China will: subsidize their targeted sectors and devalue their currency to lower the tariff impact of exports to the USA. Beijing controls the banks, and they did this before.
As a result, the dollar value increases and imports cost less.
The Chinese imports then enter the USA at a lower price consistent with Beijing’s cost estimate as a tariff offset. Chinese actuaries are really good at this. China takes in a lower price but retains access to the USA market. That’s just how it works. The importers pay the tariff with a lowered price with a higher valued dollar. Essentially stasis is achieved in a stand-off.
Then…..
EU industrial products to Chinese manufacturing plants start to contract due to China’s aggressive cost cutting initiatives. The EU gets angry about the impact to their economy and looks for alternatives. The EU then follows the same path as China and devalues their central bank currency; further pressuring the dollar to an upward price.
Exports to the EU are now more expensive, but imports from the EU to the USA are now cheaper. Again, the EU goal is stasis.
Both scenarios create cheaper USA imports despite the Trump tariffs. However, on the EU side President Trump then ends the Marshal plan and executes a program of “tariff reciprocity” against the EU. More frustration and gritted teeth by Brussels.
President Trump sat down with Dave Ramsey to discuss specific economic drivers that will jump start the U.S. economy in 2025.
Beginning with an immediate shift in energy policy, President Trump sets the aggregate goal to reduce overall energy prices by 50% in the first year. The drop in energy price then begins to reverberate throughout all facets of the economy as the cost of goods sold, distributed and warehoused immediately lowers. This directly starts to lower the end price of goods.
President Trump then proposes a drop of the corporate tax rate from 21 percent to 15 percent. However, in order for corporations and manufacturers to get the lowered rate, they MUST produce their product INSIDE the USA. The tax drop will only apply to companies who produce goods domestically from USA origins. This approach further bolsters employment and wages as the companies shift operations to the USA to gain the favorable rate.
Dropping overall energy prices, targeting tariffs on strategic sectors, decreasing regulations, increasing domestic production, creating jobs, becoming less reliant on foreign goods and enhancing the Gross Domestic Product, directly expands the economy and provides more revenue for government operations. This is the MAGAnomic success formula that allows Social Security to survive without change.
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Around 13:30 of the interview, Ramsey talks about the culture of excellence that exists within the Trump organization. President Trump notes that Eric Trump currently runs the organization and talks about one of the key secrets to their success, ‘promotion from within’.
Many Main Street titans will agree. Selecting excellence within the organization for direct advancement to leadership is the single biggest commonality of organizations who maintain excellent operations. In an era where people jump jobs, in a privately owned company – the ability to promote the best from within ensures long-term employment.
At 20:42, Dave Ramsey asks about President Trump returning to Butler, Pennsylvania to continue the rally interrupted by an assassination attempt. The Butler rally is scheduled for Saturday, October 5th.
Mike Rowe brought Victor Davis Hanson onto his podcast for an interview to discuss Class Warfare as contrast against the 2024 election stakes. The impetus for the interview was an article written by VDH a few months ago about the shift in the American electorate – SEE HERE.
Within the interview VDH walks through a summary of how a modern muscular tech industry replaced Mainstreet on the financial side of financial economics and American wealth. Essentially, how a small group of tech companies replaced the blue chip titans and industrialists on the global wealth scale.
As 8 billion people started being able to purchase the goods and services of a small American group of entrepreneurs, all focused heavily inside the tech and finance sector, the people who owned wealth shifted dramatically. Decades later, against the backdrop of globalism, the issue surfaces as the industrialists (Main Street corps) offshored their manufacturing, while the tech industrialists (Muscular Wall Street) started to be the wealthiest people in the USA as a result of selling their tech products to the world.
Within the discussion, the academically disposed VDH points out empirical data that bolsters his theories and analysis. Rowe is in general agreement as they both discuss the granular consequences. However, there is one fascinating part (prompted below) where VDH accurately identifies conservative economic hero Milton Friedman as one of the early globalist villains.
VDH is correct when he says that Friedman was a rabid open borders advocate, who had no issue with lowered wages for U.S. workers and embraced the global system of manufacturing which led to a destroyed U.S industrial base creating the Rust Belt. Few people on the conservative side of politics will ever admit how Milton Friedman was the original Bush-class economist. It’s good to see VDH set the record straight. WATCH:
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Keep in mind, Milton Friedman was vociferously against tariffs of any kind. Friedman believed once the entire world was connected, all prices and economies would equalize. The pain felt within the American economy was simply something that had to be endured until American wealth was distributed and the entire world was balanced.
What follows below was my review of what would happen with Donald Trump policies put into place. This is very deep and in the weeds. This was originally written in December of 2016.