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FBI Statement on Murder of Border Patrol Agent Rogelio Martinez…

The initial report from the U.S. Border Patrol on the murder of Agent Rogelio Martiez was posted Sunday November 19th, and stated: “Agent Rogelio Martinez and his Big Bend Sector partner were responding to activity while on patrol near Interstate 10, in the Van Horn Station area. Agent Martinez’s partner reported that they were both injured and in need of assistance. Responding agents provided immediate medical care, and transported both agents to a local hospital.”
Yesterday the FBI took over the investigation and released their expanded statement:

First and foremost, the thoughts and prayers of all the federal, state, and local law enforcement agencies involved are with the family, friends and U.S. Border Patrol work force during this tragic time.

On November 18, 2017, at approximately 11:20 p.m. CST, U.S. Border Patrol Agents from the Van Horn Station in the Big Bend Sector, located two injured Border Patrol agents in a culvert area adjacent to Interstate 10, about 12 miles east of Van Horn. They provided the injured Agents with immediate medical care and transported them to a local Van Horn hospital.

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NAFTA Round #5 Reaches Impasse on Critical Auto Sector – Canada/Mexico Balk At Rules of Origin…

$64 billion of the current annual trade deficit with Mexico stems from the auto sector alone.
For over a decade auto manufacturers have moved to Mexico in order to import parts from Asia, assemble and install them, and then ship the completed cars into the U.S. through NAFTA without duties (tariffs).
The U.S. auto ancillary business groups (parts suppliers) have been pushed out of competition in the auto sector by this corporate profit strategy.  Thousands of U.S. jobs have been lost in both the plant assembly and the ‘auto-parts’ manufacturing sector.
CTH has called attention to this bastardized supply chain for years.  Foreign auto-parts, made by foreign workers, assembled into U.S. owned manufacturing, and sold as U.S. automobiles. The weird supply chain and assembly process is essentially a multinational corporate scheme (in the auto sector) which exploits one of the loopholes in the 25-year-old NAFTA agreement.
If the assembly plant was on U.S. soil the foreign (mostly Asian) parts would be taxed as imported parts.  However, so long as the assembly is in Mexico (or Canada), the origin of the parts is currently irrelevant, and the finished automobile crosses the border into the U.S. avoiding the taxes using NAFTA.
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Canada Admits They Will Lobby Congress To Block Trump Withdrawal from NAFTA…

No-where is Trump Derangement Syndrome more evident than in the position of activist Democrats now swearing allegiance to multinational trade deals.
It was only a short time ago when Democrat activists and liberal politicians demanded U.S. withdrawal from TPP and openly discussed how NAFTA was disastrous for the U.S. worker. Both Bernie Sanders and Hillary Clinton ran on pulling out of TPP etc.
Trump gets elected, actually fulfills a campaign promise and promptly pulls-out of TPP subsequently beginning to renegotiate NAFTA (with leveraged threats to withdraw); and suddenly, Democrats are joining arm-in-arm with corporate Republicans expressing their profound love for multinational trade deals. Go figure.

Round #5 of NAFTA renegotiation begins today in Mexico, absent any diplomatic trade ministers, and Canada announces their intent to use their access to congress as leverage over the executive branch in an attempt to work around President Trump:

OTTAWA (Reuters) – Canada will redouble its lobbying efforts in Congress to block any Trump administration move to pull the United States out of NAFTA, sources familiar with government strategy said, as talks to modernize the treaty run into trouble.
[…] Canadian officials say there is some considerable doubt as to whether Trump could pull out of NAFTA without approval from Congress, which makes lobbying its members so important.

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Hastily Called Venezuela Debt Meeting Ends Without Resolution for Creditors…

CTH has a strong sense that when the final analysis on Venezuela’s ongoing socialist struggle is written, some years from now, the geopolitical strategy used by the Trump administration will be taught in political science classes. [Backstory Here]
As a result of horrific socialist policies, primarily driven by using oil production to maintain it’s socialist governance, Venezuela is under massive debt and desperate for cash.  The United States was one of the few remaining cash purchasers of Venezuela oil before U.S. Secretary of Treasury  Mnuchin imposed sanctions.
Previously China and Russia purchased Maduro’s oil, however their current purchases are/were all made as offsets, repayments, for prior loans.  China and Russia already own 49% of Venezuela’s state oil company PDVSA. Venezuela repays China and Russia with oil, but Venezuela needs cash revenue. It doesn’t generate additional revenue for Maduro if China and Russia purchase more oil, it only pays down the Venezuelan debt.
Venezuela needs money.  However, if anyone engages in restructured debt or further loans or bond holdings to Maduro they run the risk of running afoul of Secretary Mnuchin’s sanctions which could have a downstream effect of freezing their own banks and international financial systems from engagement with U.S. banks.
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Shop Talk: Mexico's Economy Could Contract 2.6% Without NAFTA…

The headline says -2.6%, but that’s the median.  The actual 2019 economic predictive modeling for Mexico is up to a 4% contraction if the U.S. cancels NAFTA.  The next round of NAFTA negotiations is scheduled for November 17th.

Additionally, these models are based on current trade economics and do not factor in the ramifications of Mexico joining the Trans-Pacific Partnership; and signing up to manufacturing sector agreements with Asian nations who can easily undercut even the low wage rates in Mexico based on average wealth.
The predictive models are run by various analysts paid by multinational business interests (corporations) to give advanced forecasting.  The results of the forecasts are used by multinational financial systems to determine the inherent value of future investment within Mexico.
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TPP Economics, NAFTA, The APEC Summit, Mexico, Canada and Trump…

Apologies in advance to our conservative Canadian friends; but the explainer here is regarding America-First trade and economics against the backdrop of the Trans-Pacific Partnership trade deal, Canada and Mexico’s alignment therein, the APEC Summit and rainbow socks.

Australian Prime Minister Malcolm Turnbull and Justin from Canada

Here’s why Canada and Mexico signing up to TPP is great news for the U.S., and couldn’t come at a better time for NAFTA round #5 on November 17th.  We don’t want TPP to collapse, because TPP ties the hands of Canada and Mexico to elements of trade that are based on collective interests. Their joining TPP provides the U.S. leverage in NAFTA.
Remember, Vietnam is exactly 12 hours ahead of U.S. Eastern time zone.  At 7:450pm last evening in Vietnam (local time), at the last minute, Rainbow Socks backed out of the signing the TPP framework (explained here).  Twelve hours later, at 7:20am (local), the AP reported the agreement was “back on” with “a compromise”:

DANANG, Vietnam (AP) — The Latest on the summit of 21 Pacific Rim economies in Vietnam (all times local): 7:20 a.m. – Trade ministers say they have reached a basic agreement on a Pacific Rim trade pact without the United States.

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USTR Robert Lighthizer Interviewed By Laura Ingraham…

United States Trade Representative Robert Lighthizer was interviewed by Fox News host Laura Ingraham ahead of his important participation in the Asia trip.
Within the interview Ambassador Lighthizer shows his wolverine attitude toward the ongoing trade deals and his role within the larger geopolitical strategy of the Trump Doctrine.  There’s solid, affirming and unwavering economic insight within this interview.
Interestingly Lighthizer mentions the national security aspects inherent within the administration’s economic trade strategy. He details how his role, within the larger policy, is to focus intensely on achieving the best ‘America-First‘ trade deal possible. “Killers”.
Secretary Wilbur Ross (commerce), Secretary Steven Mnuchin (treasury), Secretary Rex Tillerson (state) and Secretary James Mattis (defense) then collate the outcome and ultimately President Trump makes the final decision.  Working in concert, together they map how to use the leverage within the Lighthizer’s deals to achieve national security objectives.


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U.S. Border Patrol Announce Completion of Border Wall Prototypes…

WASHINGTON — U.S. Customs and Border Protection (CBP) announced today that construction for prototypes of the Border Wall has concluded in San Diego.

The prototype construction phase is complete. CBP will now test and evaluate the finished products, provided by industry, to determine which wall design elements meets our needs. This testing and evaluation period will last 30 to 60 days.
“Border security contributes to our overall national security and relies on a combination of border infrastructure, technology, personnel, and partnerships,” said acting Deputy Commissioner Ron Vitiello.
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NAFTA Round #4 Update: U.S., Canada and Mexico Announce No Common Ground – Round #5 Delayed…

Well, well, well. In what can only be described as perfectly representative of the perspectives of Canada, Mexico and the U.S., the principals within NAFTA [Robert Lighthizer (U.S.), Chrystina Freeland (Can), Ildefonso Guajardo (Mex)] showcase their unique positions during a press conference at the conclusion of round #4.
U.S. Trade Representative Robert Lighthizer begins with the elements of a statement that all parties agree upon. Not much. (Transcript added)
Next comes the smug, self-righteous, and virtue signaling Canadian economic parasite Chrystina Freeland; with an over-the-top emotional plea about how military cemeteries should form the basis of multinational trade deals because trade sectors should be based on her feelings, or something. Mexican economic parasite Ildefonso Guarjardo joins the CanMex position decrying the insufferable demands of the economic host: “we must understand that we all have limits.”
Then comes the hammer. Lighthizer announces to both parasites their positions are fraught with hypocrisy and self-preservation; and the time to reset the imbalance is now. Pointing out how Canada and Mexico agreed to TPP text they are now rejecting in NAFTA, and specifically identifying how their companies have become reliant on special preferences, Lighthizer lets Canada and Mexico know that the time for their feasting on the host is OVER. Watch (transcript added below):


The distance between the parties is too significant and a diplomatic “cooling off” period of one month is agreed upon; prior to entry into round #5 which will take place in Mexico, mid-November. The goal of an agreement, if any agreement is possible, concluding by the end of the year is gone.
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NAFTA Update: Likely 'Loggerheads' to be Announced At 3:00pm…

NAFTA Round #4 negotiations have been ongoing and resulting in little progress on the serious issues surrounding the three nation trade pact.
Word from behind the scenes, and off-the-record, finds several insiders with the opinion that the decision by the U.S. Chamber of Commerce lobbying group to conflict with President Trump and the U.S. trade team has backfired.
U.S. CoC President Tom Donohue made the decision to align in common cause with Canada and Mexico, against the interests of the U.S., and go public with his attacks against the U.S. negotiating team, the administration and President Trump personally.
Following the confrontational approach by the largest DC lobbying group, the U.S. team asked Canada to take their protectionist trade restrictions off the Dairy and Poultry sectors.  Canada was adamant they will never leave their agriculture unprotected, and rejected any consideration of open trade discussion toward those sectors.
The U.S. is standing firm on three elements that Mexico and Canada are dead-set against:
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