President Donald Trump and Turkish President Recep Erdogan hold a joint press conference at the conclusion of bilateral discussions between the two leaders. Anticipated start time 3:10pm EDT
[Update Video Added]
The major industrial economies of the European Union (U.K., France, Germany) have been the beneficiaries of a decades-long system which allowed one-sided benefits -via tariffs- against U.S. products.
With President Trump demanding reciprocity, and with less industrial purchasing from China, the EU is now starting to contemplate a dramatically different economic future.
(Reuters) – Persistent weakness in euro zone manufacturing raises the risk of other sectors of the economy being infected, extending the currency bloc’s recent downturn, European Central Bank policymaker Yves Mersch said on Monday.
“The longer the weakness in manufacturing persists, the greater the risk that other sectors of the economy will be affected by the slowdown as well,” Mersch told a conference.
“Risks to the growth outlook remain on the downside overall.” (read more)
I think it is safe to say the majority of American voters have no idea how deeply the global economy is dependent on systems of trade that are based on the U.S. trade deficits.
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National Security Adviser Robert O’Brien continues to impress today as he appears on Face the Nation for an interview with the ever-emotional and overly-dramatic resistance dingbat Margaret Brennan. [Transcript of Interview Here]
In 2016 and 2017 President Trump said NATO was obsolete and the moonbats went bananas; NATO is the only thing saving the planet Brennan claimed. Fast forward to 2019… Trump meets with a NATO nation leader (Erdogan) and the moonbats go bananas; NATO is a horrible construct, Erdogan bad. Yes, liberal apoplexy is contagious in groups.
President Trump prefers to use targeted economic weapons instead of the U.S. military forces against foreign adversaries. In keeping with this strategy President Trump is announcing a set of economic sanctions and tariffs against Turkey for their decision to cross into Syria and create a crisis amid all regional interests. (Source)
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Eight years ago Zurich Mike penned an analogy of the ‘Islamist Spring’ that still rings true today, when he said: President Obama helped kill the zookeepers and unleashed the big cats…. The Turkish movement into Syria is all part of this continuum.
When President Obama ignited the “Islamist Spring” with his speech in Cairo Egypt, what he really articulated was a shift in U.S. foreign policy to support The Muslim Brotherhood.
Political Islam, writ large, is represented by The Brotherhood. Turkish President Recep Erdogan sees himself as the modern leader of political Islam using the Brotherhood to recreate the Ottoman Empire.
Ben Ali (Tunis), Hosni Mubarak (Egypt) and Khadaffi (Libya), were the first zookeepers removed. Obama’s U.S. foreign policy supported Muslim Brotherhood replacements like Mohamed Morsi in Egypt. However, Obama failed in the effort to remove Bashir Assad in Syria; as a result all extremist factions of the Brotherhood gathered to form ISIS.
Factions like al-Qaeda, al-Nusra and ISIS all fall under the umbrella of The Muslim Brotherhood. The exiled Brotherhood leaders initially fled Egypt to Qatar until they were further driven-out by the Gulf Cooperation Council and ultimately given safe-harbor in Turkey, by Recep Erdogan.
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Things are about to get very interesting and very uncomfortable for NATO. President Trump has announced that Turkey is about to launch a unilateral invasion into Northern Syria… There is going to be a scramble amid many geopolitical interests.
First, the announcement:
[White House] – Today, President Donald J. Trump spoke with President Recep Tayyip Erdogan of Turkey by telephone. Turkey will soon be moving forward with its long-planned operation into Northern Syria.
The United States Armed Forces will not support or be involved in the operation, and United States forces, having defeated the ISIS territorial “Caliphate,” will no longer be in the immediate area.
Funny how that happens. Less than 24 hours after President Trump declared new tech telecommunication is a national security issue; and one day after Secretary Wilbur Ross bans Huawei (and affiliates) from buying parts and components from U.S. companies without U.S. government approval; all of a sudden the UK is having second thoughts.
…Huh, go figure:
LONDON (Reuters) – China’s Huawei poses such a grave security risk to the United Kingdom that the government must not allow it to have even a limited role in building 5G networks, a former head of Britain’s MI6 foreign spy service said on Thursday.
In what some have compared to the Cold War arms race, the United States is worried that 5G dominance would give any global competitor such as China an advantage Washington is not ready to accept.
Today is NATO day; the 70th anniversary of NATO formation. President Trump hosts an oval office open-press meeting with NATO Secretary General Jens Stoltenberg prior to their bilateral meeting. The President takes multiple questions from the media about a variety of issues. [Video Below – 
– Transcript Added]
Oh dear, this doesn’t bode well for those who are concerned about U.S. imposed 20% auto tariffs on EU, mostly German, automobiles. [NOTE: Pay attention to the timing here as it relates to Nord Stream 2] Germany’s chancellor Angela Merkel has announced she will no longer uphold her prior agreement for NATO military spending.
At the 2014 NATO meeting in Wales, all NATO members agreed they would immediately begin a process to increase their military spending to two percent of GDP. However, over time, and in direct contravention to the purpose of the effort, Germany (Merkel) began secretly working behind the scenes with Russia (Putin) on the Nord Stream II gas pipeline.
The Nord Stream 2 pipeline delivers natural gas from Russia to Germany. That pipeline is expected to go on-line this November, 2019. Today, Angela Merkel announces she will no longer uphold Germany’s financial commitments to NATO. These two issues are directly related. It now looks like Merkel made a back-door agreement with Russia on NATO.
(Via Daily Mail) Germany’s military spending is set to fall below its NATO targets, in the latest flashpoint in Berlin’s long-running row with Washington.
The latest German budget plans, revealed on Monday, will see defence spending drop well below the two per cent of GDP expected from NATO members.
U.S. ambassador Richard Grenell said the cuts were a ‘worrisome signal’, while President Donald Trump has repeatedly accused Germany of freeloading on U.S. military might.
Former HPSCI Chairman and current minority ranking member, Devin Nunes, appears on Fox News with Maria Bartiromo to discuss the recent indictment of Roger Stone, Robert Mueller, and other matters that surround congressional investigations.
Representative Nunes notes that if the current DOJ are willing to go after people that have lied to congress, then this same DOJ should be looking at lies told by Lisa Page, Peter Strzok, James Comey and Andrew McCabe. Additionally, and frustratingly, Mr. Nunes outlines how it is demonstrably true the Clinton campaign was in direct collusion with Russians in 2016 and yet the current DOJ keeps ignoring those facts.
Nunes also speculates that Deputy AG Rod Rosenstein put the allegations from the Ohr/Steele Dossier into his instructions (full pdf below) that he gave Robert Mueller. This is what DAG Rod Rosenstein is trying to hide from everyone, including President Trump. If true, that should comprehensively destroy the integrity of the DOJ, the Mueller investigation (writ large), and the pro-Rosenstein narrative.