President Trump delivers remarks [transcript below] while signing an executive order to support American Workers and American Manufacturing.  The executive order emphasizes enhanced strength for “America First” during U.S. infrastructure projects.
The president delivered comprehensive remarks on a myriad of issues. [There’s a fun little (off central focus of the camera) moment at 05:43 as President Trump gives the copy of his printed remarks to an attendee when the room’s focus is on Navarro.  It really highlights Donald Trump.]  This is the Heartbeat of MAGA!   Must watch/read.

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[Transcript] 11:59 A.M. EST – THE PRESIDENT: Well, thank you very much. I’m honored to be here with many of the great American workers as we take historic action to accelerate the incredible revival of American manufacturing. It truly is a revival. Nobody thought it was possible, actually. And not only is it possible, but we’re thriving.
We’re also grateful to be joined by Secretary Acosta, Administrator McMahon, and Representative Robert Aderholt, Mario Diaz-Balart. And we’re working on a lot of interesting projects in your neck of the woods, aren’t we, huh? How’s that all going?
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The Precursor – Yesterday there was a meeting at the White House between FL Senator Rick Scott, FL Governor Ron DeSantis, FL Senator Marco Rubio, Secretary of State Mike Pompeo and President Donald Trump.  Florida is home to most of the Venezuela political exiles and opposition groups who oppose Venezuela’s dictator Nicolas Maduro.
Today, Venezuelan opposition leader Juan Guaido declared himself interim president while surrounded by thousands of supporters. At a rally that brought hundreds of thousands of Venezuelans into the east of Caracas, Guaido said Maduro had usurped power and promised to create a transitional government that would help the country escape its hyperinflationary economic collapse.

“I swear to assume all the powers of the presidency to secure an end to the usurpation,” 35-year old Guaido, the head of the opposition-run congress, told an exuberant crowd.

Minutes later, U.S. President Donald Trump recognized Guaido as the legitimate interim president.
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In the realm of everything geopolitical in consequence, a recent article from an interview with Brazilian President Jair Bolsonaro highlights the globalists’ worst nightmare. And the comments from the WTO reflects the global influence of President Donald J Trump.

Before getting to two key points, rather stunningly delicious points, it’s worth remembering that Brazil is the “B” in the ‘BRICS alliance’.  Before U.S. President Donald Trump took center stage in the world of international influence, the former governments of Brazil, Russia, India, China and South Africa (BRICS) had formed a coalition.  Each nation represented an enlarged -and growing- regional trade/economic influence.
Shortly after taking office; and with hindsight – prior to the China confrontation; President Trump began a systematic process of challenging various economic influencers.  This is the origin of the Trump Doctrine .
By expanding U.S. energy development, strategically engaging with OPEC (Gulf Cooperation Council) States, and simultaneously engaging with Baltic States at the Three Seas Summit in Warsaw Poland, President Trump established the groundwork for downward pressure on oil prices.  This comprehensive and geopolitical energy strategy diminished the ability of Russia to maintain a consistent external financial influence.
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The announcement of The United States drawing down troop deployment from Northern Syria – with the United Arab Emirates, and Saudi Arabia sending in replacements to bolster the region, highlights a much larger backstory.

President Obama’s February ’09 Cairo speech began a sequence of events that led to what was called the “Arab Spring“; factually an extremist uprising.  Bolstered by the resulting chaos the Muslim Brotherhood rose to power in Egypt behind Mohammed Morsi.
However, a majority of the Egyptian people rejected President Morsi’s sharia governance, and asked a well respected General Fattah al-Sisi to step in.  Accepting the request of a desperate people Sisi removed Morsi, disbanded the Muslim Brotherhood and went on to win a landslide election in 2014.   The leadership of the Brotherhood fled to Qatar.
President Obama and his policy team was not happy with this outcome.  Obama supported Morsi, not al-Sisi.  Another person who was not happy, was Turkish President Recep Erdogan, who also supported Morsi and the Muslim Brotherhood.
Undeterred, and understanding the need for urgency, Egyptian President al-Sisi then began a long process of confronting extremism.  Sisi destroyed the Hamas terror tunnels on the border between Egypt and Israel; and, despite the anxiety expressed by U.S. Secretary of State John Kerry, Sisi brokered an interim peace agreement between the Palestinian Authority and Israelis.
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CTH has pointed, repeatedly, toward a very specific economic and financial dynamic  because President Trump is uniquely focused on Main Street’s “real economy“.
Everything happening in/around the financial markets is very predictable when you focus on understanding the principles of Main Street MAGAnomics and how those basic principles diverge from Wall Street’s “paper economy”.
President Trump is clawing back American wealth; inch by inch… bit by bit.  This is the full monty.  This is economic nationalism. This is for all the marbles.
This is it.
Everything is happening in a very predictable sequence. Few understand the MAGAnomic reset, and what was predicted to happen in the space between disconnecting a Wall Street economic engine (globalism and multinationals) and restarting a Main Street economic engine (nationalism/America-First).  In 2015, 2016, 2017, 2018 CTH explained where we would be today. With current Wall Street events, perhaps it is worthwhile remembering the dynamic.
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French President Emmanuel Macron may have maneuvered to block the growing uprising, but it’s quite possible he’ll lose his presidency in the process. French police took a much more aggressive posture this weekend.  The violence is disturbing.

In an effort to stop a replay of last week’s violence, French police moved in pre-dawn raids to round up those they identified as leaders of the Yellow Vest protest movement. In the city of Paris over 800 arrests were made by Macron’s forces and the French military were deployed. Overall, throughout France more than 1,400 arrests were made so far.
As the sun set, less organized protests continued as frustrated French set fire to cars, burned barricades and smashed windows in isolated geographic pockets within the city. Police forces were boosted to around 8,000 across Paris, with EU armored vehicles deployed in the city of lights for the first time in modern history. The pictures are stunning.
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The Bureau of Labor Statistics (BLS) has released the latest jobs report for November.  The U.S. economy created an additional 155,000 jobs.  The unemployment rate remains 3.7%.  The annualized rate of wage growth is 3.1%.   All good MAGAnomic news.
It’s a little funny to see the pontificating naysayers worry over results that are structurally solid and fundamentally strong.  If you had told those same knuckleheads a year ago that wages would be growing 3.1% they would have been stunned at your audacious optimism.

Things are going swimmingly. Exactly as predicted.  Wall Street (paper economy) is reacting based on an entirely new economic landscape.  Main Street USA (read economy), the Blue/White collar middle-class, is dancing and singing carols en-route to buy the fancier set of Christmas decor this year… Who’s better than our economy?  Nobody, baby, no-body…  Throw them ju-ju bones out the windows.  Here’s the data:
BLS Report: Total nonfarm payroll employment increased by 155,000 in November, compared with an average monthly gain of 209,000 over the prior 12 months. In November, job gains occurred in health care, in manufacturing, and in transportation and warehousing. (See table B-1.)
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Within the dynamic of the U.S -vs- China trade confrontation, CTH noted the Wall Street (globalist) multinationals would likely go bananas.  There are trillions at stake and President Trump is confronting three decades of financial influence from the corporate lobbyists.   To the angst of Wall Street, POTUS Trump tweets the dynamic:
President Trump has been brutally consistent for more than three decades on his intent and purpose with the Chinese.  President Trump is the first U.S. President to understand how the red dragon hides behind the panda mask.
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National Economic Council Director Larry Kudlow discusses some of the key specifics within the dinner table conversation between President Trump and Chairman Xi.  [*note* at the very end of this briefing, Kudlow is asked about the German auto visit tomorrow]
President Trump has been brutally consistent for more than three decades on his intent and purpose with the Chinese.  President Trump is the first U.S. President to understand how the red dragon hides behind the panda mask.  Additionally, while carrying out the objectives of the confrontation, Secretary Mnuchin, Secretary Ross, Ambassador Lighthizer and adviser Navarro are well aware of Beijing’s panda mask; POTUS Trump will never let them forget about it.

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With a full quarter of trade data to analyze the impacts, the Chinese tariff results are now measurable.  A multinational group studying the outcome (full pdf), identified that approximately 4.5% of the current tariff impact is being carried by American consumers.  The overwhelming cost of the tariff is being paid (20.5% absorbed) by Chinese producers.
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Too funny… this is what we would call a win/win.   President Trump delivering remarks to the media aboard Air Force One on the flight back to the U.S.

(Via Associated Press)  President Donald Trump says he will shortly be providing formal notice to Congress that he will terminate the North American Free Trade Agreement, giving lawmakers six months to approve the replacement he recently signed.
Speaking to reporters aboard Air Force One while returning to Washington from Argentina, Trump says: “I will be formally terminating NAFTA shortly.”

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