Today President Donald Trump meets with Spanish President Mariano Rajoy Brey and will be holding a joint press conference at the conclusion of their meeting. Approximate start time 1:30pm – 1:45pm EDT
UPDATE: Video Added
For those who have followed the months-long strategy of President Trump toward North Korea and China, the latest words from China fall squarely into place. Unfortunately for those who have not followed the approach, the consequential nuance will be lost.
What is happening publicly is entirely predictable when we accept what is happening privately, against the backdrop of activity that has taken place since February of this year.
Remember the Trumpian objective of creating the “Magnanimous Panda” as you read these latest words from Beijing:
UNITED NATIONS (Reuters) – Reacting to remarks by North Korea’s foreign minister on Monday, China’s U.N. Ambassador Liu Jieyi told Reuters the escalating rhetoric between North Korea and the United States was getting too dangerous and the only solution was negotiations.
North Korea’s Foreign Minister Ri Yong Ho told reporters that President Donald Trump had declared war on North Korea and Pyongyang reserves the right to take countermeasures, including shooting down U.S. bombers even if not in its air space.
In about a week Round #3 of NAFTA renegotiations begin in Canada. Dispute settlement and country of origin rules are widely anticipated to be key points of disagreement.
For those who follow trade and economics closely, the latest Trump trade policy outline from U.S. Trade Representative Robert Lighthizer is buckets of good news. President Trump, Commerce Secretary Ross and USTR Lighthizer willing to confront the World Trade Organization (WTO), the epicenter of multinational economics and globalism.
Everything is about the economics. DACA, NAFTA, N-Korea, UniParty, all of it. It’s the underlying financial and multinational economic constructs, being deconstructed by a U.S. ‘America-First’ President, that are driving the anti-Trump policy narrative.
When reading this article from Reuters interviewing Mexico’s Foreign Minister Luis Videgaray, remember to review through the prism of prior known activity. On the NAFTA front, a continual 5 year review is against Mexico’s interests because it has the potential to address back-doors and work-arounds that multinationals will find in concert with a willingness on Mexico to exploit. Wilburine ain’t no dummy.
Secondly, on the John Kelly comments, remember General Kelly participated in South American and U.S. Mexico summits as head of DHS. Kelly knows the tenuous nature of Mexico’s economy; while it’s doubtful that Kelly used the exact terminology used by the New York Times to create an anti-administration narrative, there’s no doubt of the reality that Mexico’s economy is tenuous at best.
The head of Mexico’s central banking system, Agustin Carstens resigned last December, and continues his role within the World Bank. President Trump’s policies are against the financial interests of Mexico. The outflow of U.S. dollars by Mexican nationals props up the Mexican economy. Clamp down on illegal immigration, and, well, you can see the possibility. Remember, there are trillions of dollars at stake – and those interests extend well beyond the U.S. borders.
MEXICO CITY (Reuters) – Mexico’s foreign minister on Friday said a U.S. plan to add a five-year sunset provision to the North American Free Trade Agreement (NAFTA) was redundant, since the pact’s members can already trigger a renegotiation or leave it at any time.
CTH holds a fundamentally different view of China and North Korea than most. Our position is based on independent research and a lengthy following of patterns between the two which show predictable cause and effect outcomes.
It is our position that while the DPRK is technically an independent nation; in reality, and in quintessential economic terms, North-Korea is more accurately defined as a province of China, and not an independent nation. What China authorizes Kim Jong-un (North Korea) to do, Kim Jong-un does. “Dear Leader” Kim Jong-un is better described as a provincial governor, who serves a specific function as a tool against the West.
History will observe the key date for President Trump’s strategic victory over North Korea was achieved on August 5th, 2017. That’s the original date when Russia and China agreed to the U.N. Security Council’s economic sanctions against North Korea. That first, historic, Russia and China U.N. Security Council vote against North Korea came as a result of eight months of assembled economic leverage created by President Donald Trump.
As a result of President Trump’s strategy, every time North Korea’s Kim Jong-un takes an action, President Trump hits China’s Xi Jinping with an additional economic action. As Beijing feels the squeeze, they tell Kim Jong-un to act. Every time Kim Jong-un acts, President Trump squeezes Beijing with more economic pressure. Wash-Rinse-Repeat.
Communist Beijing has boxed themselves into this inescapable cycle. The reason they keep authorizing Kim Jong-un to take action is simply because China has no alternative leverage to use against President Trump. China has nothing in their economic arsenal they can use to hit back against President Trump, so Beijing keeps using North Korea in an attempt to create leverage.
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No current events have as much impact on the lives of ordinary paycheck-to-paycheck Americans as the NAFTA trade negotiations. Every person in the U.S., our children and the lives of following generations, are impacted by the ongoing economic battle. The consequences are epic in proportion, yet the MSM insufferably avoids discussion.
Against the backdrop of NAFTA Round #2 renegotiations beginning in Mexico, the massive Multinational Corporations fight back to retain their market exploitation. Decades-long established masks are dropping; the grand usurpation’s are being exposed; there are trillions of dollars at stake.
MEXICO CITY (Reuters) – Trade negotiators from Canada and the United States gathered under rainy skies in Mexico City on Friday to discuss the North American Free Trade Agreement, with the mood darkened by U.S. President Donald Trump’s persistent threats to pull out.
Teams from the three countries were due to kick off a second round of talks on 25 areas of discussion, with subjects such as digital commerce and small businesses seen as areas where consensus was possible, Mexican officials said.
The Sept. 1-5 round will also touch on more thorny topics such as rules governing local content in products made in North America, Mexico’s economy ministry said in a statement. Mexican officials believe Trump wants to include rules that some content must be made in the United States.
To understand the China ‘One-Belt / ‘One-World‘ economic trade strategy it becomes necessary to understand how structurally weak the Chinese economy was when created.
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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Mexico’s Economy Minister Ildefonso Guajardo has a different perspective today than prior to the beginning of NAFTA renegotiation.
Before NAFTA round #1 began Minister Guajardo stated angrily if the U.S. did not concede to the demands of Mexico his government would flood the U.S. with drugs and illegal aliens.
However, in the face of actually seeing NAFTA discussions possibly leading to collapse, Mr. Guajardo has a change in tone. The minister is looking at alternatives, bi-lateral trade deal options are analyzed, and the reality of the Mexican economic position is settling in.
What happens next? Mexican officials are dispatched to Washington DC to enlist the lobbying efforts of K-Street and their allies in the U.S. CoC. “Halp“:
MEXICO CITY (Reuters) – Mexico sees a serious risk the United States will withdraw from NAFTA and is preparing a plan for that eventuality, Economy Minister Ildefonso Guajardo said on Tuesday, calling talks to renegotiate the deal a “roller coaster.”
[…] “This is not going to be easy,” Guajardo said at a meeting with senators in Mexico City. “The start of the talks is like a roller coaster.”
There is an saying people use to criticize President Trump based on the people around him:
“People are policy, and policy is people”…
The basic argument is that Mr. Trump can be swayed or distracted from his mission by his staff and those he hires.
This is a common catch-phrase brought about by historic and conventional wisdom. However, when applied to President Trump, it’s also just plain wrong.
No similar cliche is appropriate for Donald Trump, nothing deters or influences him from his larger decades-long ‘America-First’ economic strategy. Nothing.
Donald Trump is the policy. There’s no assembly of advisers on economic issues that can ever sway his instinct.
Example:
(Reuters) – U.S. President Donald Trump last month rejected a Chinese proposal to cut steel overcapacity, despite the endorsement of some of his top advisers, the Financial Times said, citing people familiar with the matter.
Beijing proposed cutting steel overcapacity by 150 million tonnes by 2022 in a deal twice rejected by Trump, who instead urged advisers to find ways to impose tariffs on imports from China, the paper said, citing the sources.
In 2015 we discussed candidate Trump’s economic positions and how they would impact the economy. CTH anticipated that MAGAnomics would be reversing three decades of federal reserve fiscal policy. After about a year of analysis and discussion, in 2016 CTH presented a theory: “A new Dimension in Modern Economics“.
CTH shared a possibility of what could happen if Trump Economic Policy was shifted to favor Main Street over Wall Street. One aspect we presented was how Federal Reserve monetary policy would be oddly disconnected from its ability to influence inflation.
Washington Times today:
While the issues inherent within economic influences can be riddled with complexity, we remain optimistic that MAGAnomics will be very very successful.
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