Commerce Secretary Wilbur “Wilburine” Ross sits down for a big picture conversation to discuss the upcoming NAFTA (North American Free Trade Agreement) trade renegotiation.

This interview is well worth the time to understand the dynamics and objectives of the Trump administration.

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We are incredibly blessed to have Wilbur Ross, Steven Mnuchin (Treasury) and Robert Lighthizer (U.S. Trade Rep.) as the leading edge of the new America-First economic revitalization.

These U.S. policy titans of trade, finance and commerce are the most comprehensively well-skilled people we have had assembled in our lifetime.

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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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Carson Huey-You graduated yesterday from Texas Christian University with a degree in physics and dual-minors in Chinese linguistics and Applied Math.  He enters graduate school next fall en route to a Phd in Quantum Mechanics.

Oh yeah, well, he’s 14-years-old ….and on pace to achieve his Phd in physics and applied and theoretical sciences before he will be old enough to vote.

…”It is just something I have learned to deal with because, to me, I am not a genius. I am a normal 14-year-old person doing college-level stuff.”

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President Donald Trump highlighted his commitment to faith, and to faith-based education, today with his decision to deliver the commencement speech for Liberty University and the graduating class of 2017.

President Trump delivered a wonderfully uplifting speech to the graduating class with a  genuine appreciation of faith and, of course, his customary humor.

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Yesterday President Trump hosted Victory Christian Center School Model Rocket Team from Charlotte North Carolina at the White House to celebrate their advancement in the final competition of the 2017 model rocket challenge.

The team named their model rocket “Trump”.

@01:58 •President Trump:  “How did you come up with the name ‘Trump’, anybody have an idea?”
•Student: “Simply because it conquers all.”
•President Trump: “Ohhh, they’re never gonna put that on television.”

LOL

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Behind the social justice interventionism of the Birkenstock wearing Brangelina Peacenik useful-idiot-crowd, there’s the group of multinational financial interests who play the strings on the idiots.

Multinational corporations and billionaire financiers use climate change as a tool toward furtherance of collected global wealth.  Their strategy is quite simple, and has been played out for several cycles.  Create an institutional trade instrument (housing financial bubble example), control it, drive the pricing to an apex and reap the financial rewards.

Their expressed holy grail for human control is a global tax on all people more commonly known as a “carbon-trading tax”.  A planetary tax on personage.  Various religious groups have a financial method to purchase entry to heaven called ‘indulgences’.  Hence the comparison of Climate Change to a religion is exponentially accurate.

The “Carbon Trading” fundamental financial instrument is the foundational block of the financial interests behind modern climate change.  The latest exhibition of a decades long series of international construct was the Paris Climate Change agreement.

REUTERS – Investors with more than $15 trillion of assets under management urged governments led by the United States to implement the Paris climate accord to fight climate change despite U.S. President Donald Trump’s threats to pull out.

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One of the reasons CTH writes about economic matters because constructing economic prediction theories based around political policy is a hobby of mine.  Within obscure data, raw and unfiltered up-stream activity, it is entirely possible to see over the horizon.

But newly engaged people also think I’m nuts; so therefore it is also fun conversation at parties to stand above the esoteric academic fray, smile and outline actual forecasts –very specific forecasts– that most would never consider possible from a linear perspective.

People pay a boat-load of money for proprietary ownership of very accurate forecasts.  However, CTH would rather do it open source and break the historic grip of the financial control class.

If you’ll permit me a little Funday indulgence; the other reason to share predictable consequences is so patriotic readers can take a pro-active and empowering position in their own decision-making.  That motive was one of the reasons for previously sharing:

[…]  Until the two economies gain parity – any fed activity, taken as a consequence to their familiar traditional measurements (interest rates etc.), will have minimal to negligible impact on Main Street.

• Regional areas which benefited from high yield and high rates of return from Wall Street, ie. investment benefactors, will begin economic contraction. The downstream effect on state finances, and the retail and high-end service industry will also be negatively impacted.

• However, industrial areas/middle-class areas, with affordable housing and reasonable infrastructure, which have suffered in the past 20+ years, will see home values increasing as the local economy expands.

National policy (Trump Policy) which benefits Main Street also benefits local economics which are founded in manufacturing, production, and ancillary services.  In essence, the Middle-Class.

Those who benefited from high-yield international investment income will see less income.  Those who live on savings will see a moderate benefit.  However, those living day-to-day and week-to-week on their paychecks will see much more income.  Believe it. (link)

Now check out this headline from AP today discussing Connecticut:

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The various media pundits and news stories are calling H.R. 1180 a “new overtime bill”.  However, in reality the ‘take pay or take time off’ concept is more than 50 years old; we used to call it “compensatory time” or “comp time”.

WASHINGTON – […] Voting along party lines, the House of Representatives passed a bill Tuesday that would allow private-sector employers to compensate their overtime-working employees with paid time off instead of paying them time-and-a-half as currently required.

The bill, H.R. 1180, would tweak the Fair Labor Standards Act, which mandates employers that require hourly-paid employees to work more than 40 hours a week to pay time-and-a-half, or 1.5 times their usual hourly rate. The bill also prohibits employers from coercing or intimidating employees to choose time off instead of overtime pay.

House Republicans passed the bill, sponsored by Rep. Martha Roby (R-Ala.), with no Democrats voting in favor. The bill will now go to the Senate, where it will require 60 votes to avoid a filibuster by Democrats. (read more)

The professionally Democrat hate the concept, but most Democrat politicians have zero experience in understanding how incredibly beneficial compensatory time can be.

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U.S. Commerce Secretary Wilbur Ross sat down for a comprehensive discussion on trade, education and commerce policies with Bloomberg’s David Gura at the Bloomberg Breakaway Summit in New York.

In his direct and often humorous style Wilburine describes some of the current economic trade challenges and presents an outline of U.S. forward policy.  Secretary Ross spends quite a bit of time explaining how the NAFTA trade agreement is obsolescent in the modern era and how many of the products and industries in 2017 are not part of the agreement.

Wilburine also discusses how the business community is interacting with the Trump administration to deliver on specific aspects to the larger economic policy goals. A very good and substantive discussion segment:

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Additionally, COMMERCE – Earlier today, U.S. Commerce Secretary Wilbur Ross and U.S. Treasury Secretary Steven T. Mnuchin held a phone conversation with Vice Premier Wang Yang of China. Commerce Secretary Ross, Treasury Secretary Mnuchin and Vice Premier Wang discussed bilateral issues related to the U.S.- China Comprehensive Dialogue and the overall economic and trade relationship between the two countries. (link)

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“Every child has the right to fulfill their potential, and, if we do our jobs, then we will never have to tell young, striving Americans to defer their dreams for another day or for another decade. “ ~ President Donald Trump

WASHINGTON (AP) — President Donald Trump on Wednesday asked Congress to work with him on extending school choice programs nationwide to benefit millions of students, including low-income African-American and Hispanic children.  Full Event Video:

[Transcript] 10:42 A.M. EDT – THE PRESIDENT:  This is very exciting.  So yesterday I said that our spending bill was a win for the American people, which is exactly what it was — an amazing day.  And this is what winning for young children and kids from all over the country looks like.

The opportunity scholarship program that we’re funding allows families in the inner city of our nation’s capital to leave failing public schools and attend a private school, making an extraordinary difference in these incredible young lives.  You’re so lucky.  (Laughter.)  Great.  You’re happy about it?  Huh?  (Applause.)  That’s great.

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