Do you plan on driving this Independence Day?
“Somehow we have to figure out how to boost the price of gasoline to the levels in Europe.”
Steven Chu [2008], Barack Obama’s Secretary of Energy
“Drill baby, drill.”
Rick Perry [2017], Donald Trump’s Energy Secretary
Check your local area gas prices HERE
President Trump and Germany’s Chancellor Angela Merkel spoke at length today in advance of the upcoming G20 summit in Hamburg Germany and they set up a pre-summit meeting for Thursday. President Trump leaves for Europe this Wednesday 7/5/17.
President Trump is expected to promote U.S. natural gas exports (LNG) during a scheduled enthusiastic visit to Poland. Fraulein Merkel is not happy; not one little bit. Merkel wants EU to buy LNG from Russia.
There’s a massive amount of irony in the narrative that Merkel is the savior of global leftist ideology yet she wants to be even more cozy with Russia for energy. Meanwhile, regarding President Trump, the Merkel supporting left is on an anti-Russia crusade. Go figure.
(Via Reuters) […] Europeans will be watching to see whether Trump clarifies his administration’s position on a new pipeline to pump Russian gas to Germany, known as Nord Stream 2.
The U.S. Senate in June passed a package of sanctions on Russia, including provisions to penalize Western firms involved in the pipeline. The new sanctions have stalled in the House of Representatives.
Continuing to look at the new economy through the prism of the new dimension, CTH notes the manufacturing landscape is shaping itself as predicted. However, the disclaimer should also be noted that most economic observers are stuck in old economic paradigms.
[…] The Institute for Supply Management said Monday that its manufacturing index rose to 57.8 last month from 54.9 in May. Anything above 50 signals that factory activity is increasing. The measure now stands at its highest level since August 2014, pointing to solid economic growth. (link)
Overall the trend-line is very positive for a resurgence in U.S. manufacturing. According to the report fifteen of the eighteen manufacturing industries surveyed posted growth in June. Those gains included: furniture, machinery, fabricated metals, petroleum and coal sectors. One transportation equipment firm surveyed for the report said “demand is up 5 to 7 percent.”
The manufacturing base is responding (via investing) to predictable market patterns. However, the rate of response (production investment) will increase in direct proportion to the upcoming (late summer) trade negotiations. Please keep that in mind.
German Chancellor Angela Merkel delivered some rather strongly worded remarks in advance of the upcoming G20 summit in Hamburg Germany. Reuters frames the Merkel statements as a warning to U.S. President Donald Trump.
(Reuters) German Chancellor Angela Merkel promised to fight for free trade and press on with multilateral efforts to combat climate change at the G20 summit next week, challenging the “America First” policies of U.S. President Donald Trump.
In a defiant speech to parliament a week before she will host a summit of the world’s top economic powers in Hamburg, the northern port city where she was born, Merkel did not mention Trump by name but said global problems could not be solved with protectionism and isolation. (read more)
However, seeking control is a reaction to fear. Ms. Merkel, the EU, and the larger multinational global interests therein, fear Trump… and for good reason, he’s winning.
President Trump has put a jaw-dropping U.S. energy platform solidly into place. You can learn more about them HERE and HERE. The announcements last week are tectonic in consequence though seemingly lost amid the chafe of media reporting over twitter spats.
Everything President Trump’s team does is connected to a bigger, much bigger, picture than most people are paying attention to. However, those who control the levers of multinational power are paying very close attention.
For the past three days we’ve been assembling a great deal of research on visible back-channel communication amid numerous nations and their economic teams. There are tectonic plates shifting just below the Geo-political surface, and we will be outlining many of them, along with the predictable economic outcomes (bigly), in the next few days.
In the interim, it’s useful to review the latest information from NatSec McMaster and NEC Cohen as it relates to the upcoming objectives from the next segment of foreign travel.
National Security Advisor General H.R. McMaster and Director of the National Economic Council Gary Cohn pre-brief the media on President Trump’s upcoming trip to Poland and Germany for the G20 Summit. An important read:
[Transcript] 1:21 P.M. EDT – AIDE: Hi. Just want to restate the ground rules. Today’s briefing is off camera, on the record, and the audio is not for broadcast. It is embargoed until the end of the briefing.
And with that, I will turn the podium over to —
Q Can you make this on — can you make the audio available? Because it puts radio at a disadvantage.
AIDE: It is off camera, not for broadcast. Those are the ground rules.
And now I’m going to turn it over to General H.R. McMaster and Gary Cohn. Thank you.
President Donald Trump, Vice-President Mike Pence, Secretary of State Rex Tillerson, Commerce Secretary Wilbur Ross and National Economic Council Director Gary Cohen discuss U.S. trade policies with South Korean President Moon and his accompanying economic and trade team.
It is worth noting and emphasizing the Paris Climate treaty specifically exempted China, India and SEAN (South East Asia Nations) from compliance with standards within the treaty. This was by design of the multinational interests who constructed their economic global control mechanism under the auspices of ‘climate change’. The climate was never the driver of the Paris treaty, it was always about multinational economic control.
With the U.S. withdrawing from the Paris Treaty, the economic trade architecture for the underlying market is now equal amid S.E.A.N (including South Korea) and the United States. Those countries who remain within the Paris Treaty, particularly those EU entities who are attached the Transatlantic Trade and Investment Partnership (TTIP), are at a strategic disadvantage. More on that later.
.
[Transcript] 10:50 A.M. EDT – PRESIDENT TRUMP: Okay, thank you very much. We have many of our great members, our Vice President, Secretary of State, Secretary of Defense. We have several of our really wonderful leaders here. And you have your leaders with you and your representatives.
We outlined the significance of this yesterday. Today President Trump delivers a speech (video and transcript below) outlining the entire energy initiative, and what is currently underway to fundamentally change the way the entire energy sector is actualized within the U.S. economy and beyond.
President Trump and Energy Secretary Rick Perry, together with EPA Secretary Scott Pruitt and Interior Secretary Ryan Zinke, are doing something with energy independence that was long discussed but never acted upon. Forget the Paris Climate Treaty, this Trump action on energy development is in a stratosphere thought almost unimaginable.
Together the entire cabinet has studied, formulated and instituted an executive American energy policy platform to go beyond mere energy independence, and actually start using energy resources as an export commodity for economic growth.
Pause for a moment and consider just how monumental that approach actually is; and also overlay the independent national security ramifications therein. Oddly enough, we predicted this possibility two years ago.
The intensely consequential outcome is a visible representation of ‘America-First’ principles applied to deliver MAGA level shifts in the future of our nation. Massive possibilities for wealth creation at local and state levels; and simultaneous national security interests. Win – Win – Win… And yet stunningly this result is only in one sector of national security and national economics. (more…)
President Trump and Energy Secretary Rick Perry, together with EPA Secretary Scott Pruitt and Interior Secretary Ryan Zinke, are doing something with energy independence that was long discussed but never acted upon. Forget the Paris Climate Treaty, this Trump action on energy development is in a stratosphere thought almost unimaginable.
Together the entire cabinet has studied, formulated and instituted an executive American energy policy platform to go beyond mere energy independence, and actually start using energy resources as an export commodity for economic growth.
Pause for a moment and consider just how monumental that approach actually is; and also overlay the independent national security ramifications therein. Oddly enough, we predicted this two years ago.
[…] Trump has proposed continued investment and exploration of “clean coal” technology using the vast coal mine resources in the Appalachian Range throughout West Virginia and into Pennsylvania. Trump has proposed energy export leverage (oil, coal, natural gas) as part of the larger Trade-deal packages.
The U.S. can negotiate a resurgence of U.S. manufacturing with lower fully developed energy costs, a competitive advantage; and simultaneously our abundant resources in energy fuels also provide trade leverage (standards and tariffs) through energy export.
With a fully utilized energy sector, the U.S. can also use the accompanying economic growth to invest in alternative resource development such as nuclear, solar and wind. The costs of alternative fuel research and development become underwritten by the expansive use of current resources. (link)
The intensely consequential outcome is a visible representation of ‘America-First’ principles applied to deliver MAGA level shifts in the future of our nation. Massive possibilities for wealth creation at local and state levels; and simultaneous national security interests. Win – Win – Win… And yet stunningly this result is only in one sector of national security and national economics.
Energy Secretary Rick Perry joins White House Press Secretary Sean Spicer Sarah Huckabee Sanders for the on-camera press beating, June 27th. Start time approximately 2:00pm EDT.
UPDATE: Video Added
Before the Cedar Rapids MAGA rally, President Trump visited Kirkwood Community College for a speech on agricultural innovation with governor Terry Branstad and Agriculture Secretary Sonny Perdue.