AP is reporting the leaders of France (Macron), Germany (Merkel), and Italy (Genteloni) have released a joint statement saying the Paris Climate Treaty is irreversible and cannot be renegotiated. Effectively shutting down the only option President Trump left on the table for them:

Pay attention to the last sentence in the AP joint statement snippet:

French President Emmanuel Macron, German Chancellor Angela Merkel and Italian Premier Paolo Gentiloni said in a joint statement Thursday that they take note “with regret” the U.S. decision to pull out of the 2015 agreement.

The three leaders say they regard the accord as “a cornerstone in the cooperation between our countries, for effectively and timely tackling climate change.”

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President Donald Trump is scheduled to announce the decision to withdraw the United States from the Paris Climate Treaty during a rose garden speech scheduled for 3:00pm:

UPDATE – Video Added:

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Every word we read, every corporate broadcast, every espoused punditry opinion, every angle that’s visible, everything surrounding the Paris Climate “Treaty”, All.Of.It., is driven by multinational banks and corporations who have a vested financial interest.

The Paris Climate Treaty has nothing to do with “climate” and everything possible to do with economics, globalism and the controlled redistribution of economic wealth as constructed through decades of advanced policies of multinational financial interests.

There are factually TRILLIONS of dollars at stake.

When you consider the pontificating pearl-clutching from the financial and industrial elites, ask yourself this very basic question:

If Elon Musk (Tesla), Tim Cook (Apple), Larry Page (google), Mark Zuckerberg (facebook), or any of the myriad of multinational executives really cared about “climate change”, then why are they doing business in China?

The primary concern for every affiliated entity surrounds economics, not climate.  “Climate” issues are the Trojan horse, the false ruse, the talking point, the scheme to get economic systems in place -yes, political systems- to control the distributive flow of larger economic wealth within all nations.  Period.

What ObamaCare was to your loss of healthcare individualism, so too is the Paris Treaty a political tool to deconstruct national economic individualism.  FULL-STOP.

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President Trump’s EU strategy is swimmingly effective. Truly, President Trump’s multinational approach is jaw-droppingly transparent (they’ve obviously never read any of Trump’s books), and today France’s Emmanuel Macron showed just how thoroughly disconnected he is from understanding his own position.

Wunderkind Emmanuel Macron, following the exact same advisory recommendations which planted egg on Obama’s face, threatens Vladimir Putin and Bashir Assad with a red-line of military action if chemical weapons are used in Syria:

“Any use of chemical weapons would results in reprisals and an immediate riposte, at least where France is concerned,” Macron said, standing next to Putin in the Versailles palace outside of Paris.  (link)

Emmanuel Macron threatening unilateral action if Syria’s Bashar Assad uses chemical weapons? Hilarious, if it wasn’t so substantively dangerous.

The orbit of influence surrounding the wunderkind (all caviar liberal socialists) have convinced Macron that now is the time to project a strong EU image to compensate for President Trump’s bold stance pointing out the EU need to step out from behind the skirt of NATO and provide for their own defense.  Politically, Macron’s yapping might play well with a domestic or EU centric audience…. (more…)

Office of Management and Budgets (OMB) Director Mick Mulvaney outlines the structure, intents and purposes of the Trump administration Fiscal Year 2018 Budget.  “The Taxpayers Budget”.

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Much of the predictive economic analysis we present is done so for a very specific reason. If you teach yourself how to sift through the big picture rocks you can quite simply predict the granular future.  Our CTH goal has always been to help with the sifting. CTH has a remarkable track record because common sense is the compass heading, and when we see the obscure data –nobody pays attention to– we focus attention and context upon it.

NOW THIS–>:DETROIT (AP) — Ford is replacing its CEO amid questions about its current performance and future strategy. A person familiar with the situation says CEO Mark Fields is retiring at age 56 after 28 years at the company. The person spoke on condition of anonymity because the official announcement hasn’t been made.

Fields will be replaced by Jim Hackett, who joined Ford’s board in 2013, this person says. Hackett has led Ford’s mobility unit since last year. He is the former CEO of office furniture maker Steelcase. Fields helped lead Ford’s turnaround a decade ago as president of its Americas division. But the company’s stock price has fallen almost 40 percent in the three years since he became CEO. (link)

Those of you who have been around a while might remember…

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The pageantry and scale of the royal reception toward President Trump and the U.S. is reflective of much more than a singular presidential visit to a nation and region of geo-strategic importance.

The word “reset” is frequent amid media reporting of the Saudi trip but few people have followed the recent regional history to thoroughly understand what exactly is being reset.

~ President Donald Trump and Saudi King Salman – Joint Statement.

President Trump is being recognized and respected by the regional Arab coalition for his specific approach and outward worldview which is based on eye-to-eye diplomacy.

Through the contacts, discussions, emissary meetings and individual diplomatic engagements over the past six months, the Arab region members of the Gulf Cooperation Council (GCC) -and specifically Saudi Arabia- are overjoyed to find a fresh U.S. perspective based on mutual respect. (more…)

United States Secretary of State Rex Tillerson and Saudi Arabian Foreign Minister Adel al-Jubeir hold a press briefing shortly after President Donald Trump and Saudi King Salman signed a series of agreements, including a military sales deal.

Expansive Transcript to include the media question and answer session is provided.

[United States Office of The President and U.S. Department of State]

Important Reminder – The scope of the economic impact of this ‘bilateral’ trade agreement has additional benefits when you consider within the next 12 months the U.S. Trade Team (Ross, Lighthizer, Mnuchin and T-Rex) will be renegotiating NAFTA, and bilateral trade with China, the European Union and the U.K. 

FOREIGN MINISTER AL-JUBEIR: Are we ready? Okay. Good evening, everybody. I would like to welcome all of you to the Kingdom of Saudi Arabia. It’s a great pleasure and honor for me to welcome my colleague and friend Rex Tillerson on his first visit to Saudi Arabia as Secretary of State. Mr. Secretary, while this may be your first visit as Secretary of State, you have been here many, many, many times over many, many years. You know our country and our region extremely well. And I believe your country is fortunate to have you as Secretary of State during this period. We in the region feel very fortunate having you at the helm of the State Department.

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The primary elements of the historic arms side of the strategic agreement today is to position Saudi Arabia to enhance its own defense capability.  Over time this will lessen the concern or need of U.S. military forces or deployment.

The United States will manufacture, sell, train and support over $110 billion in U.S. hardware to the Kingdom of Saudi Arabia (explained below). In return, the Saudi government has committed over $350 billion in additional bilateral trade imports and investments.

[U.S. Department of State] Today, in a significant expansion of the more than seven-decade long security relationship between the United States and the Kingdom of Saudi Arabia, the President and Secretary Tillerson attended a signing ceremony for almost $110 billion worth of defense capabilities to be conveyed via Foreign Military Sales Letters of Offer and Acceptance and a Memorandum of Intent to support Saudi Arabia’s defense needs.

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Sip slowly, this explainer was hard to write.   There is a considerable amount of perplexed frustration following on the heels of Treasury Secretary Steven Mnuchin testifying to the Senate Banking Committee earlier today and specifically saying:

02:20 Glass-Steagall? “we do not support a separation of banks from investment banks, we think that would have a very significant problem on the financial markets, on the economy, on liquidity; and we think that there is proper things that potentially we could look at around regulation, but we do not support a separation of banks and investment banks.”

That statement runs counter to the Trump administration’s prior policy statements outlining a preference for a reinstatement of some form of “Glass-Steagall” regulatory separation between commercial banking and investment banking.

In essence when combined with the totality of Mnuchin’s testimony before the committee, Mnuchin is saying the current “too big to fail” (‘too big to succeed’) issue has created a problem for lending liquidity.  Specifically, if divisional separation is required – the banks best interests would naturally put the investment division ahead of commercial lending and the liquid capital within the overall economy would shrink.

I think we have a handle on what the administration is doing based on the executive orders signed and explained earlier.  Bear with me…

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