President Trump delivers opening remarks to celebrate Made in The USA manufacturing week, a presidential initiative.
Many of you might remember the origin of this hat. – DECEMBER 2016 – The first-edition Texas cattleman’s style Trump cowboy hat made by the American Hat Company in Texas.
During the first day of Trump’s ‘Made in America’ initiative he tried one on.
Sometimes we just sits and thinks… and sometimes we just thinks and laughs… This truly is the greatest of times to be alive and engaged. All, because, Trump stuff.
After reminding ourselves there’s no longer an actual media apparatus (per se’) in the historic sense of assembling facts, just facts, that explain situations; we once again see a brutal example of an answer to a simple economic question ignored by media.
Yesterday, within a MAGAnomics discussion thread, the question was asked:
♦ How long do you think the Chinese economy can sustain itself? When will it run out of steam? Could you maybe add some meat to the bone of what a trade war may look like with China, in terms of what we can expect to happen?
My own reply was rather simplistic:
♦ A trade confrontation with China will remove the cloak of capitalism and show the true colors of totalitarian control behind the Chinese economic mask. Confronting China’s Oz, economically, is simply sending in Toto (Wilbur Ross) to pull back the curtain. Easy peasy.
As if on cue… here comes Xi Jinping to deliver the audio visual demonstration. (more…)
OMB Director Mick Mulvaney has an explanatory outline, promoted by the White House, explaining the administration’s economic principles: “MAGAnomics”.
Introducing MAGAnomics
By Mick Mulvaney – Wall Street Journal – July 13, 2017
If the Trump administration has one overarching goal, it’s to Make America Great Again. But what does this mean? It means we are promoting MAGAnomics—and that means sustained 3% economic growth.
For most of our nation’s modern history, a healthy American economy meant one that grew at roughly 3.5%. That was the average growth rate between the late 1940s and 2007. Since then, it has hardly topped 2%.
The difference between those two growth rates is staggering. If the American economy had grown at only 2% between the end of World War II and 2000, average household income would have been roughly $26,000 instead of $50,000.
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In 2016 CTH first predicted the intellectual economic disconnect that would arise out of the paradigm shift in economic principles. Initially I called it “the economic third dimension” – SEE HERE.
As time progressed through the second fiscal quarter of 2017 (Jan-March) again, we noted how the Federal Reserve was exactly failing to understand this “third dimension”; the space between Wall Street and Main Street fiscal policy – SEE HERE.
Finally today, for the first time, we see a federal reserve voting official begin to question the underlying economic assumptions of the Fed. Federal Reserve Bank of Chicago President Charles Evans is the first federal official to identify the disconnect between federal economic policy and actual economic outcomes:
WASHINGTON – […] Inflation has run below the Fed’s 2 percent target over the past eight years, Federal Reserve Bank of Chicago President Charles Evans noted.
“This is a serious policy outcome miss,” he said in remarks prepared for a conference in Idaho.
[…] Even as inflation has tumbled this year, Fed officials have brushed it off, indicating that they believe that one-off factors are keeping prices low. Those include cellphone service prices cratering because of carriers bidding to offer unlimited data plans. Fed Chairwoman Janet Yellen and others have suggested that inflation is likely to head back up after those temporary price drops slow overall prices.
Nuance and subtlety is everything in China. Culturally harsh tones are seen as a sign of weakness and considered intensely impolite in public displays between officials; especially within approved and released statements by officials representing the government.
Historic Chinese cultural policy, the totalitarian control over expressed political sentiment and diplomacy through silence, is evident in the strategic use of the space between carefully chosen words, not just the words themselves.
China has no cultural or political space between peace and war; they are a historic nation based on two points of polarity. They see peace and war as coexisting with each other. China accepts and believes opposite or contrary forces may actually be complementary, interconnected, and interdependent in the natural world, and they may give rise to each other as they interrelate to one another. Flowing between these polar states is a natural dynamic to be used -with serious contemplation- in advancing objectives as needed.
Peace or war. Win or lose. Yin and Yang. Culturally there is no middle position in dealings with China; they are not constitutionally capable of understanding or valuing the western philosophy of mutual benefit where concession of terms gains a larger outcome. If it does not benefit China, it is not done. The outlook is simply, a polarity of peace or war. In politics or economics the same perspective is true. It is a zero-sum outlook.
Therefore, when you see China publicly use strong language – it indicates a level of internal disposition beyond the defined western angst. Big Panda becomes Red Dragon; there is no mid-status or evolutionary phase. Every American associated with investment, economics and China would be well advised to put their business affairs in order accordingly.
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U.S. Treasury Secretary Steven Mnuchin appears on This Week with democrat swamp guardian George Stephanopoulos. Once again it takes half the interview to get past the Russia, Russia, Russia narrative to the larger more substantive issues of Trade Policy, Tax Reform, Budgets, Debt and Healthcare.
First Lady Melania Trump wore a purposeful red jacket today as she was seated at the G20 during President Trump’s remarks to the summit leaders with Chinese President Xi Jinping seated next to him.
While in Warsaw Poland last Thursday President Trump was asked about possible action against North Korea:
“I have some pretty severe things we’re thinking about. Doesn’t mean we’re going to do them. I don’t draw red lines.” … “It’s a shame they’re behaving this way and they’re behaving in a very dangerous manner, and something will have to be done about it.” (link)
Today during a bilateral meeting with China’s President Xi Jinping President Trump reinforced the message:
President Trump, at the start of his meeting Saturday in Germany with Chinese President Xi Jinping, called the Asian nation a “great trading partner” and said the increasing North Korea nuclear threat will eventually be resolved “one way or the other.” (link)
The left-wing media are trying desperately to put their best-face-spin on their concessions to President Trump surrounding climate change and free/fair trade provisions included within the G20 Communique.
However, the verbiage directly and specifically paves the way for the U.S. team to begin leveraging economic market power with unilateral trade agreements.
Hamburg (AFP) – US President Donald Trump won key concessions on climate and trade Saturday from world leaders at the most fractious G20 summit to date, in exchange for preserving the unity of the club of major industrialised and emerging economies.
In a final statement agreed by all 20 economies, 19 members including Russia, China and the European Union acknowledged Trump’s decision to go his own way on taking the US out of the 2015 Paris climate accord.
Despite the media protestations to the contrary, the importance within the G20 meeting in Hamburg German centered around trade and economics. The assembled nations are trying to position, navigate and cope with the reality of the worlds largest economic market, the U.S., no longer participating in multinational trade deals (TPP and TTIP) and focusing on direct trade relationships with individual countries.
The new economic approach by President Trump deconstructs decades of advanced collectivism and wealth-spreading globalism. The European Union preferred approach was constructed by multinational backs and multinational corporations; and pushed on the collective societies by purchased left-wing politicians using administrative and political policy.
In Hamburg, U.S. President Donald Trump, Commerce Secretary Wilbur Ross, Treasury Secretary Steven Mnuchin and Chairman of Economic Policy Gary Cohn, are advancing bilateral trade deals within one-on-one discussions; including discussions with U.K. Prime Minister Theresa May now that brexit has freed the U.K. from the collective European Union.
President Trump speaking trade with Prime Minister May is making the EU collective furious because, Germany’s Angela Markel is attempting to leverage/blackmail their own protectionist EU trade deal before allowing the United Kingdom to exit the union.