[Originally posted in 2017] 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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Steve Bannon appears on CNBC to discuss the economic objectives of China and how President Trump and USTR Lighthizer are confronting three very important convergences.
Bannon does a good job outlining the three Chinese priorities: ¹One-belt, one road; ²Made in China 2025; and ³Huawei 5G rollout; and how those efforts conflict with U.S. interests.

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White House economic advisor Larry Kudlow made some news yesterday when he said he would like to see the Fed cut interest rates by half a point (.50%).  Director Kudlow then appeared on CNBC for a discussion of the economy and the United States’ ongoing trade discussions with China and Mexico.
The larger story is actually about the current state of the U.S. economy as Trump’s policies influence direct investment and re-establish a middle-class durable goods manufacturing sector. WATCH:

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In essence we are in that economic space where Trump has de-emphasized the Wall Street economy (multinational corps, investments and financials) and re-emphasized the Main Street economy (manufacturing, blue collar jobs).  The new trade deals represent an unusual economic paradox for Wall St.  National corporations thrive; however multinational corporations and their investment instruments can simultaneously suffer.
We can tell we are in the space between both of these economies, because actions by the Fed are having no impact on inflation.  Consumer prices are returning back to their natural dynamic.  I’m reposting an article below from December 2016, right after the 2016 election, because this odd economic landscape -while new- was entirely predictable.  I called it the “Third Dimension in American Economics“.
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Last night (Thursday) Rush Limbaugh appeared on Fox News to discuss the Mueller report and the much bigger backstory of why Mueller’s entire investigation existed.
This is an excellent monologue presentation from Limbaugh:  Hi, Mr. Limbaugh!

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President Trump holds a mini press conference with Small Business Administration head Linda McMahon to announce her departure.  During the presser President Trump also answers questions on a variety of current events. [Video and Transcript Below]

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[Transcript] Mar-a-Lago – Palm Beach, Florida, – 4:17 P.M. EDT
THE PRESIDENT: Well, thank you very much. Linda McMahon has done an incredible job as the head of the Small Business Administration. She has been a superstar. The fact is that I’ve known her for a long time. I knew she was good, but I didn’t know she was that good. She has been one of our all-time favorites. It was just so smooth. She’s helped so many people in the world of small business.
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Earlier today President Trump tweeted a video segment from ‘Morning’s With Maria” where she interviewed HPSCI Ranking Member Devin Nunes.  The entire interview has not been uploaded by FOX for redistribution.  However, here is a key part of the interview.

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President Trump’s son, Donald Trump Jr., appears on Fox News with Tucker Carlson to discuss the vindication for the President within the Mueller Report, and the political intransigence of the media to admit their two-year-long delusion.

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Find another winnamin. This MAGAnomic win is quiet, but bigly.
The United States Court of International Trade (full pdf below) has rebuked a global industry challenge to President Trump’s Steel and Aluminum tariffs.
The court told the multinational trade association they lacked any authority to override the sovereign authority of President Trump, and his absolute right to apply a national security (section 232) declaration to protect the U.S. Steel and Aluminum industry.  Whoops…

(WASHINGTON DC) The Court of International Trade, the body that hears constitutional challenges to federal trade policy, rejected an effort to overturn President Trump’s 25 percent tariffs on steel imports on Monday.
The American Institute for International Steel, a trade association, had sued the administration, arguing that the president exceeded his authority when he claimed last year that the tariff was justified under Section 232 of the Trade Expansion Act, which involves protecting “national security.” The court said Monday that it lacked the authority to second-guess the president’s decision.

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Following the bilateral meeting between President Trump and Prime Minister Netanyahu, both leaders held an Oval Office press availability.  During the presser President Trump was asked his thoughts about the Mueller report.  (Video and Transcript below):

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[Transcript] -Oval Office- 12:23 P.M. EDT – PRESIDENT TRUMP: Well, thank you very much. It’s an honor to have Prime Minister Netanyahu in the Oval Office. We’ve had numerous great meetings, and we talk usually about trade and military and lots of things.
But today, I think we’re talking about — more than anything else, we’re celebrating the Golan Heights. It’s something that I’ve been hearing about for many years, from many people. I’ve been studying for years.
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President Donald Trump delivers pointed remarks to the White House press pool upon return from Mar-a-lago.

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