President Trump is executing one of the most brilliant geopolitical economic resets in the history of global trade. It really is stunningly remarkable how President Trump has controlled the entire landscape. The consequential phase now begins.
It is fascinating how the financial pundits didn’t see this coming. Perhaps one of the best indicators of where things are today comes from this quote within the South China Post:
“The Administration’s Section 301 tariffs and China’s retaliatory tariffs will now further disrupt – or even break – many thousands of supply chains in both countries.”
[Nelson Dong, a senior partner at Dorsey & Whitney]
The quote by Nelson Dong is stated *as if* shifting/breaking supply chains is a flaw in the approach. It’s not. Exactly the opposite is true; this is a feature of the strategic reset. A specific and purposeful feature designed by President Trump.
What Dong is predicting is the deconstruction of “one-belt, one-road”. (more…)
Looking at the retaliatory response from China today; there’s lots of great news. China is doing exactly what President Trump quietly predicted. They are walking directly into his trap. Trump is a friggin’ genius…. more on that coming.
This video from Steve Hilton last night was very well presented.
If this were anyone except Judiciary Committee member John Ratcliffe, it would be easier to ignore…. but it’s not. John Ratcliffe is a very tempered and deliberate voice; he has a strong reputation in DC and doesn’t speak in riddles, hype, or disingenuous terms.
During an interview with Maria Bartiromo discussing the recent comments by former FBI Director James Comey, Ratcliffe replied [Must Watch at 04:10 ]:
[@04:10] “Gosh, y’ know, as I listen to that, Jim Comey is proud and wouldn’t change a thing? Really? He’s proud that he put Peter Strzok in charge of investigating Donald Trump? The same Peter Strzok who, while he was investigating Donald Trump, promised to “f*ck” him and to “stop” him? He’s proud of his hand-picked deputy director, Andrew McCabe who lied under oath; lied to the inspector general, and has been criminally referred for that?
And we know Jim’s proud of himself, but the inspector general found him insubordinate, and many of us believe that he either is or should beunder investigation for violating the espionage act; for recording his conversations with President Trump in the oval office, and then intentionally leaking classified information to start this investigation”…
Note: “is, or should be”. So there’s a possibility of “is”.
Remember, Ratcliffe is one of only a handful of people who saw, and continues to see, all of the highly classified intelligence documents (fully unredacted) currently under consideration for declassification by President Trump. Ratcliffe was also strongly considered for the U.S. Attorney General position. This is a deliberate man. (more…)
Boy howdy, Maria Bartiromo has the big picture of the 2015/2016 political weaponization of the intelligence apparatus exactly right. In this interesting interview with Senate Judiciary Chairman Lindsey Graham both Bartriromo and Graham discuss the scale and scope of the 2015/2016 effort to stop Trump.
Interestingly, in a shift of tone, Senator Graham outlines what this surveillance operation means when contrast against the structures of our constitutional government.
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Traditionally Lindsey Graham would bury any issue adverse to the institutions of the DC administrative state. So there’s two possibilities here: (A) Graham has fundamentally changed his outlook toward the dangers of the institutions within government; or, (B) Graham is doing a full ‘Castellanos‘ and embracing the controversy in order to control the risk to the administrative state with intent to protect it. [The latter is tradition]
The best way for DC to protect itself from the mob’s approach is to lead it themselves. The modern GOPe club has used this defense sending agents to the front of the grassroots anger in order to control the outcome. [Fast-n-Furious, IRS targeting, Benghazi, etc.] (more…)
National Economic Council Chairman Larry Kudlow appears on Fox News to debate Chris Wallace over the U.S-China trade reset. As customary Wallace completely ignores the dynamic of communist China as a state run economy, and not a free market system; thus presenting the fictitious Wall Street position about bad tariffs.
Chairman Kudlow notes the bigger issues of President Trump confronting the enforcement mechanisms that must be in place if a trade agreement (FTA) between a free-market system (USA) and a state-run system (China) are going to work…
. Washington, DC – U.S. Trade Representative Robert Lighthizer today released the following statement regarding additional action under Section 301 of the Trade Act of 1974: (more…)
Against the backdrop of documents from the state department, Senator Lindsey Graham sends a letter to both OIG Michael Horowitz and Secretary of State Mike Pompeo seeking additional information about State Department contact with Christopher Steele.
Additionally, the FBI has apparently reversed course on the self-serving redactions they put in place when the Kavalec Memo was released. A less redacted version is below: (more…)
Giddy up… President Trump has fulfilled another campaign promise to confront China and hold firm. As promised, three decades of Donald Trump’s intense commitment to stop the exfiltration of Amerian wealth is on display today.
When you plant your tree in another man’s orchard don’t be surprised when you end up paying for your own apples….
U.S. Trade Representative Robert Lighthizer; U.S. Treasury Secretary Steven Mnuchin; U.S. Commerce Secretary Wilbur Ross and U.S. President Donald Trump are confronting Chinese Chairman Xi Jinping and Vice-Chairman Liu He… and now consequential things get economically very serious.
There are going to see multiple geopolitical background moves now as the confrontation shifts to the painful phase…. who can outlast the economic standoff.
WASHINGTON DC – Negotiations to end the US-China trade war came to a surprisingly early close in Washington on Friday with no signs of a deal – reportedly just hours before the Chinese delegation will return to Beijing.
US Treasury Secretary Steven Mnuchin told reporters at noon that the talks had been constructive as he left the US trade representative’s office, where negotiators held their latest round of talks in an attempt to end a months-long trade dispute. (more)
Today President Trump outlines an approach to head-off the anticipated retaliation from China over the increase in U.S. tariffs that began today. Whether this is structurally possible, or whether this is Trump’s attempt to diminish the leverage carried by Vice-Chairman Liu He, is an interesting question. However, the strategy is clear.
Overall U.S. inflation remains low relative to the economic gains from MAGAnomic policy. [Current CPI HERE]. GDP and wage growth are both exceeding inflation. As such, now is indeed the best time to confront China. President Trump notes this today in a tweet:
Inflation in the U.S. remains low overall at 1.8%…. now is the perfect time to hit Beijing with expanded tariffs. However, President Trump knows China will retaliate through the multinationals on Wall Street. President Trump knows China will specifically target the U.S. Agriculture sector. China will likely attempt to put pressure on Trump by refusing to buy U.S. farm product. The BIG AG multinationals will go bananas.
The BIG AG multinationals, those who control food/farm production, also control key Senators; they have been purchased through lobbyists. This is part of the Big Club approach/strategy. Wall Street and the U.S. Senate will be aligned to support China; as a consequence President Trump needs to counteract their effort.
President Trump’s approach to counteract China’s strike against the U.S. agricultural community is visible in a series of tweets today. I don’t necessarily agree with the proposal long-term, BUT I do understand the short-term objective…. optimum expediency. (more…)
The White House is promoting a new healthcare initiative to confront the issues of ‘surprise billing’ within the healthcare industry. [SEE HERE] Today President Trump delivered remarks on a new standard for informing healthcare consumers:
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[Transcript] – 12:06 P.M. EDT – THE PRESIDENT: Hello, everybody. Yesterday, Secretary Azar announced a bold, new initiative to require drug makers to disclose the prices to consumers. And it’s going to be something, I think, very special. You may have heard about it; maybe not. But it’s the beginning of a plan of transparency. And I think it will have quite an impact. So, thank you very much. That was a job well done. Everybody said it. (Applause.) (more…)
Ranking Member Representative Doug Collins discusses the House Judiciary impeachment scheme, and the “desperate move” to discredit Attorney General Bill Barr.
Rep. Collins notes that former Special Counsel Robert Mueller is unlikely to appear before the committee and there is no appearance currently on their schedule:
