To understand the China ‘One-Belt / ‘One-World’ economic trade forum it becomes necessary to understand how structurally weak the Chinese economy was created.

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People often talk about the ‘strength’ of China’s economic model; and indeed within a specific part of their economy -manufacturing- they do have economic strength.  However, the underlying critical architecture of the Chinese economic model is structurally flawed and President Trump with his current economic team understand the weakness better than all international adversaries.

Lets take a stroll and lightly discuss.

China is a central planning economy.  Meaning it never was an outcropping of natural economic conditions.  China was/is controlled as a communist style central-planning government; As such, it is important to reference the basic structural reality that China’s economy was created from the top down.

This construct of government creation is a key big picture distinction that sets the backdrop to understand how weak the economy really is.

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The economic lobbyist community known as The Big Club is represented most visibly by the U.S. Chamber of Commerce and Tom Donohue.

Via the Wall Street community, CoC President Donohue pours tens of millions of multinational corporate contributions into DC lobbying efforts to retain control over politicians and legislation that relates to U.S. trade and economic matters.   [FYI Donohue’s Chamber of Commerce lobbying group were the primary architects of the now dispatched TPP trade deal; they actually wrote the U.S. part of the construct.]

Tom Donohue funds a large number of politicians in DC in an effort to control the outcomes of legislation and policies that could become adverse to his multinational interests.  Two of those primary beneficiaries are John McCain and Ben Sasse.

As a consequence it doesn’t come as a surprise to see McCain and Sasse announce their intention to block the confirmation of U.S. Trade Representative Robert Lighthizer:

REUTERS – Republican U.S. Senators John McCain and Ben Sasse said on Wednesday they would vote against President Donald Trump’s nominee for U.S. trade representative, Robert Lighthizer, because of his opposition to the North American Free Trade Agreement.

“Unfortunately, your confirmation process has failed to reassure us that you understand the North American Free Trade Agreement’s (NAFTA) positive economic benefits to our respective States and the nation as a whole,” McCain and Sasse said in a letter to Lighthizer. (read more)

Commerce Secretary Wilbur Ross, Treasury Secretary Steven Mnuchin and President Trump strongly support Lighthizer for U.S. Trade Rep.   The institutional control agents within K-Street, aka the economic lobbying group, do not.

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During the White House Press Beating today, Press Secretary Sean Spicer announced President Trump would defer any decision on the Paris Climate Change Agreement until after the G-7 Summit [May 26th and 27th Toarmina in Sicily].

If you’ve understood President Trump’s strategy this announcement is predictably Trumpian; that is it is exactly what we would expect President Trump to do.

Make no mistake on strategy, President Trump has already made up his mind on the agreement, the strategic decision here is on the announcement therein.

Remember, everything about Trumpian strategy is strategic leverage – and no aspect to strategic leverage will be more clearly evidenced than when President Trump is positioning on issues surrounding economics and trade imbalances.

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U.S. Commerce Secretary Wilbur Ross sat down for a comprehensive discussion on trade, education and commerce policies with Bloomberg’s David Gura at the Bloomberg Breakaway Summit in New York.

In his direct and often humorous style Wilburine describes some of the current economic trade challenges and presents an outline of U.S. forward policy.  Secretary Ross spends quite a bit of time explaining how the NAFTA trade agreement is obsolescent in the modern era and how many of the products and industries in 2017 are not part of the agreement.

Wilburine also discusses how the business community is interacting with the Trump administration to deliver on specific aspects to the larger economic policy goals. A very good and substantive discussion segment:

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Additionally, COMMERCE – Earlier today, U.S. Commerce Secretary Wilbur Ross and U.S. Treasury Secretary Steven T. Mnuchin held a phone conversation with Vice Premier Wang Yang of China. Commerce Secretary Ross, Treasury Secretary Mnuchin and Vice Premier Wang discussed bilateral issues related to the U.S.- China Comprehensive Dialogue and the overall economic and trade relationship between the two countries. (link)

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If you didn’t read the Part-V explainer of how we got to this point in congressional history stop and go read it.  This stuff is all connected and cannot be absorbed without a thorough understanding of motives behind the advancing agenda-writers.

Make Sure You Watch The Embed Video (below) from Wilbur Ross.

The interim Continuing Resolution (CR) is fraught with demands of the “Big Club”.  That is: Wall Street, their lobbyists, and those who have created the UniParty for over three decades.   The “Big Club” is fighting back against the insurgent presidency of Donald Trump and is using the Republican wing of the UniParty to do it.

It is Republicans, not just Democrats, in congress who are putting the most toxic spending priorities within the $1+ trillion spending bill and forcing a spending bill onto President Trump’s desk which factilitates the needs of the lobbying class and undermines parts of the structural agenda of President Trump.

The outrage should be rightly focused on the UniParty in congress, and more specifically the Republicans therein, not President Trump.

What would the ankle-biters and antagonists (gnats) have President Trump do?  Veto a bill constructed by bipartisan legislation in congress?   Shut down government?  That’s exactly the dynamic the “Big Club” has set up through their paid opposition represented by Paul Ryan and Mitch McConnell.

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This morning President Trump and Vice-President Pence hosted a town hall on American Business.  The town hall consisted of CEOs and business leaders gathered to discuss infrastructure and the need to reduce regulations in order to help alleviate the restrictions that have plagued businesses.

[TRANSCRIPT] 10:41 A.M. EDT – THE VICE PRESIDENT:  It’s a great privilege to be able to welcome you to the White House.  Thank you so much.  I want to thank everyone involved in the Partnership for New York City — Michael Corbat, Stephen Schwarzman.

It’s an honor to have the leaders that are gathered in the room here with us today.  I know the President is on his way over, and it’s my great privilege this morning to share a few thoughts, in the midst of this important conversation on the topics that you’re covering before I introduce my friend and the 45th President of the United States.

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Yesterday President Trump met with the National Association of Manufacturers group in the White House to discuss the outlook for manufacturing jobs gains and the larger increase in actual manufacturing sector gains.

The results of surveys conducted with current manufacturing companies is stunning with 93% holding an optimistic outlook.

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For those who are economic and trade policy junkies, President Trump’s key pick for U.S. Trade Representative, Robert Lighthizer, testified today at his Senate Confirmation Hearing.  To skip the legislative posturing {gag} forward the video to 33:00:

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Mr. Lighthizer, 69, worked for decades as a trade lawyer, representing clients including U.S. Steel Corp.  Historically, he has been critical of U.S. officials who supported China’s entry into the World Trade Organization in 2001, and argued the move worsened America’s trade deficit and hollowed out our manufacturing sector.
Two decades of actual, and quantifiable, results later shows Lighthizer was absolutely 100% correct in his criticisms and predictions.  Ultimately this is why the Globalists within the Democrat machine want to keep Lighthizer out of office.  Mr. Lighthizer will forget more about trade deals than the next closest person could ever know. (more…)

Reposting part of a previous outline by request.  The repost is requested as an outcome of the latest wage rate news within the February labor report.  The wage rate increase is not being highlighted, and in some reports downplayed, by media.   However, the measurable matrices inside the space between two economic engines is responding according to prior outline on the new economic dimension.

First the recap of the day’s news on labor rates:

WASHINGTON DC – With the labor market near full employment, wage growth could speed up as companies are forced to raise compensation to retain employees and attract skilled workers. A proxy for take-home pay rose a solid 0.5 percent in February.

The annual wage increase is close to the 3 percent to 3.5 percent range that economists say is needed to lift inflation to the Fed’s 2 percent target. Inflation is already firming, in part as commodity prices rise.

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This is YUGE news and will impact each and every American.  One of the missing elements in our quest for energy independence has always been the lack of oil refining capacity to produce gasoline and other fuel end-products.
Years of choking fossil fuel regulation, partly funded and supported by an alignment of special interests including foreign governments, OPEC and eco lobbyists, has created a situation where over half of our oil refining capability was eliminated.
With the election, and independence, of Donald Trump that course has changed dramatically.  Trump is not beholden to the lobbyists and special interests who pay for the U.S. to remain dependent on foreign oil and off shore refinement.
Additionally, this is a really big deal because our predictions have always been that President Trump will find a way to make ‘US energy exports‘ a big part of the U.S. expanding economy.  A complete paradigm shift – and with it comes unexpected and unpredicted (by most) additional growth in GDP.  Hence this emphasis:
https://www.facebook.com/POTUS/videos/1273324796070291/
 
(Via Reuters) Exxon Mobil Corp (XOM.N), the world’s largest publicly traded oil producer, said on Monday it would invest $20 billion through 2022 to expand its chemical and oil refining plants on the U.S. Gulf Coast.
The investments at 11 sites should create 35,000 temporary construction jobs and 12,000 permanent jobs, Chief Executive Darren Woods said in a speech at CERAWeek, the world’s largest gathering of energy executives. (more…)