Treasury Secretary Scott Bessent sits down with Fox News’ Lara Trump to discuss current events around complicated geopolitical issues.

Noted by Bessent is the growth of the U.S. economy, the growth of blue-collar wages, controlling inflation and overall MAGAnomic gains.  Secretary Bessent also emphasizes the U.S strategic relationship with China and the collaborative efforts of President Trump and Chairman Xi on creating stabilization in the overall global economy.  The Iran conflict and the removal of Iran oil is under control.  WATCH:

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In this episode from Promethean Action’s Barbara Boyd she takes a look at the U.S. economy and the Main Street policies of President Trump versus the banking/Wall Street Canadian economy.  In the August jobs report the U.S. economy added 162,000 jobs, while the Canadian August jobs report reflected 42,000 job losses.

Boyd – “A blockbuster U.S. jobs report showing 162,000 jobs created is contrasted with Canada’s 40,000 job loss under Mark Carney, as Treasury Secretary Scott Bessent tells Steve Bannon that Wall Street and major outlets like the Financial Times and The Wall Street Journal stoke economic panic and spread “fake news,” citing a misframed story about Norway’s sovereign wealth fund shifting from Treasuries into higher-yield Fannie and Freddie securities.

This episode frames today’s challenge as a “Red Queen economy,” arguing America must grow productivity fast enough to outrun debt, China’s advances, and infrastructure and skills obsolescence, while blaming Biden-era inflation and spending. It spotlights Trump administration workforce initiatives, including expanded training and Pell Grant use and the new Foundry School—an advanced manufacturing program with a Stanford curriculum and international PAX Silica partners. Finally, it covers Trump executive orders aiding ranchers’ beef processing and DOJ antitrust scrutiny of major meatpackers and retailers.”

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The U.S. Bureau of Labor and Statistics (BLS) has released the August jobs report [DATA HERE].  The pundits and analysts are stunned as the results of +162,ooo jobs added is three times their expectations.

The prior months also had strong upward revisions as June was revised up by 11,000, from +20,000 to +31,000, and the change for July was revised up by 44,000, from -23,000 to +21,000. With these revisions, employment in June and July combined is 55,000 higher than previously reported.

[Source – Summary Table B]

PRESIDENT TRUMP – Great jobs number just announced, breaking all estimates (except mine!) by double and triple – And you haven’t seen anything yet! EMPLOYERS ADDED 162,000 JOB IN AUGUST. Lower the interest rates because the U.S.A. is a much stronger credit than it was just a short time ago! A STRONG COUNTRY MEANS A LOWER INTEREST RATE – IT’S A BETTER CREDIT…Very simple! We should have the LOWEST RATE of any country in the World, like “the old days.”

Without the United States agreeing to allow them their big surpluses, and we could stop that immediately, they would no longer be considered financially ELITE! LOWER THE RATE OR I’LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT, which the U.S. Supreme Court, in its ridiculous and very costly Tariff decision, strongly acknowledged “the President” has an absolute right to do. IT’S BETTER THAN TARIFFS! The Fed Board, with its great new leader, must get smart – BE PATRIOTS for a change. High interest rates put the U.S.A. at a very unfair disadvantage, and I won’t allow that to happen! President DONALD J. TRUMP

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Amid the global opposition to a new American geopolitical framework there is some seriously sketchy stuff taking place.  My next article will outline something in the background that may put these comments by Jamieson Greer into an entirely new context.

In this interview with Fox News, U.S. Trade Representative Jamieson Greer outlines more specifics of what took place between the U.S. and Canada trade discussions.  Suffice to say, Mark Carney is up to some really sketchy stuff on behalf of his globalist allies, including the EU-NATO coalition.

Pay close attention to what Greer says in this interview and remember, there are trillions at stake. The source for this video is X.  WATCH:

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For those waiting patiently for the USMCA termination announcement, this is a potential indication and/or signal of pendency.

When President Trump and USTR Jamieson Greer send the official notification, a six-month countdown clock begins running.  As of right now there are no official statements that indicate the likely triggering, it’s a guess.  However, there are datapoints aligning in that direction.

[SOURCE]

No one outside our assembly has contemplated the termination of the USMCA (CUSMA) or what would occur in the aftermath; however, the Bank of Canada has gamed out the financial consequences, briefly in their forward guidance. The ramifications are significant, perhaps more significant than any other global trade announcement.

[…] “it more likely that a new shock or a combination of shocks could cause several vulnerabilities to crystalize at once. If this were to happen, these vulnerabilities could interact and reinforce each other. 

A cascading series of events could cause a sharp loss of investor confidence and lead to a spike in demand for liquidity or rapid asset sales. Funding markets could come under pressure, and stress could spread more broadly.” [SOURCE]

I suggest we keep a close eye on all U.S-Mexico discussions, as well as geopolitical leverage points that might surface in the U.S-Mexico relationship. My best guess is that once the U.S. and Mexico come to renewed terms on the ‘USMCA’ as a potential bilateral free trade agreement, that will be the moment when the planets are aligned for the termination notification.

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After meeting with travel executives in the oval office, President Trump took questions from the assembled press pool.  The media questions begin at 21:00 of the video below.  A question about Canada trade negotiations is at 24:00 of the video. WATCH:

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A rather remarkable statement from Commerce Secretary Howard Lutnick puts the Canadian government on notice.  If Lutnick is accurately outlining what took place, there’s no way Trump is going to give them a trade deal.

When he is questioned about the U.S-Canada trade agreement collapse, Secretary Lutnick quotes the Canadian govt officials.  “I said to him, are you trying to blow this up? and he said, and I quote, “I’m not allowed to say that.“” Lutnick then encapsulates what that response meant.

“They decided for political reasons, domestically, domestic Canada, they’d rather fight with Donald Trump; even if it’s bad for the economy of Canada, for their political ambition to get a certain election,” Lutnick noted.  He continued, “now remember, Quebec has the sovereign party was in the lead, so that’s why they came up with this French nonsense. You think the American side talked about how people speak in Quebec? We have a deal with France, we have a deal with Italy, we have a deal with Germany, we don’t care about their language; none of that was true.”   WATCH (prompted):

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Canada is drowning in the Sea of China. The USA is the rescue swimmer.  When we reach the victim they thrash, try to climb on our back and pull us under. Survival for both now requires us to punch them in the face, back away and ask them if they prefer to drown. If not, listen to instructions.

The USMCA or CUSMA needs to be terminated!  That’s the punch in the nose.

Then a bilateral trade agreement can be negotiated.  That’s the swimmer giving the victim instructions.

If Canada chooses to drown in the Sea of China, so be it.

Then we build a regulatory wall against all Canadian products, banning the entry of Chinese component parts in EVERYTHING!

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Within 12 hours of the Friday announcement that Canada had walked away from trade discussions with the U.S, we were able to piece together what the four points were.  Several people disagreed and claimed something else was involved.  Today, Prime Minister Mark Carney affirmed specifically the accuracy of those four points.

While Prime Minister Carney used his verbose gaslighting to describe them, you can listen for yourself.  It boiled down to four issues: [1] U.S. streaming services writing code for “search engines” in the French language (cultural issue). [2] The U.S. having a right to reject a trade deal made by Canada with a non-market economy, ie. CHINA. [3] Removal of tariffs on Canadian assembled heavy trucks, semi-trucks and industrial trucks (not in the auto sector). [4] Canada demanding 5% of gross revenues from U.S. tech platforms, with an attitude that U.S. controls North American trade.

You can listen to his own words describing these issues.  WATCH:

The United States must, as a matter of U.S. national security and survival, immediately cut all trade ties with Canada completely.  I’ll explain why this is so critical and important.

The most appropriate metaphor is the drowning victim (Canada) with an intentionally placed anchor on its foot (China), now becoming a threat to the rescue swimmer (USA).   If we don’t cut ties, we risk our own livelihood.

Here’s the four counterpoints:

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For about a year CTH has predicted Chinese auto manufacturers BYD and GEELY would take over shuttered auto plants in Canada.  Specifically, six months ago, against the backdrop warning of Stellantis, Toyota and Honda telling the Canadian government that without the USMCA they would shift auto production to the USA, CTH predicted BYD and GEELY would make moves on those closed facilities.

The move by China is easy to predict.  Prime Minister Mark Carney has opened the door to Chinese EVs.  It would be in Beijing’s best interest to retool and take control of closed plants to begin mass production in North America.

Chinese EV manufacturing in Canada serves two purposes.

First, they would not be limited in production to the cars that remain in Canada as part of the agreement.  Factually, China would use their Canadian footprint as an export hub into Europe and save money on current distribution.   Remember, Europe is losing their auto manufacturing base to China and Germany is laying off 100,000+ auto workers.

Second, the appearance of Chinese auto manufacturing in North America would put pressure on the United States to permit their cheap EVs to enter the market.

Today Bloomberg is reporting exactly what we predicted.  Chinese automaker BYD (Build Your Dream) is asking local officials about the currently idled Stellantis auto plant.  Things are following a very predictable timeline.

BLOOMBERG – Chinese carmaker BYD Co. inquired about taking over an idled Stellantis NV plant in the Toronto suburbs, according to a local politician, signaling possible global interest in Canadian auto hubs in the midst of a trade battle with the US.

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