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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President Trump enters a new phase in legislative road-blocking fraught with challenges inside the Senate chamber.  Almost all U.S. Republican Senators have accepted the indulgences of U.S. Chamber of Commerce President Tom Donohue.
President Trump now relies on the upper chamber to consent on the America-First trade deals he has been renegotiating.  Simultaneously, Donohue and McConnell plot how to best utilize their increased influence over the executive branch…. [Romney was the first shot]

A tempered response does not come as a surprise given the landscape.
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Yesterday we noted how subtle (and not so subtle) messages have been coming out from Beijing China admitting how the party of Chairman Xi underestimated the cunning fortitude of U.S. President Donald Trump.   Today, a stunning visual is broadcast from inside North Korea which follows the same general outlook.
Remember, nuance and subtle optics are very significant in Eastern projections of political brand messaging.  When they present a nationally broadcast message every grain of sand on the optical beach has been thought out, considered, staged and carefully placed by hand with great forethought toward the intended audience. The optics are everything. [That’s also the reason why POTUS Trump used a video presentation (specifically for Kim) at the end of the Singapore summit.]
In an unprecedented international broadcast, North Korea’s Kim Jong-un delivers a message not just to his people, but more specifically to the international community.  The backdrop, the venue for the message as broadcast, reflects a stunning shift for the country of North Korea.  Notice the background message is ‘economic‘: Business attire; business office etc.  The guiding hand of Chairman Xi is visible, and the transmission is full of messages highlighting the influence of the Trump Doctrine.

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It is critical to remember that Chairman Xi (Beijing China), is still the leading influence agent over Chairman Kim (DPRK). That nuanced/subtle (hostage/captive) influence message is also inherent in the background of this broadcast. As the U.S. -vs- China confrontation continues, this video message provides additional support that Chinese Chairman Xi Jinping is no longer underestimating the cunning of POTUS Trump.
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A good discussion between Charles Payne and Gordon Chang on Fox Business over the U.S. -vs- China trade confrontation.  Mr. Chang makes a good point about 2018 being the year where Beijing realized they underestimated the cunning of President Trump.

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He caught them off guard – There is no doubt in my mind that President Trump has a very well thought out long-term strategy regarding China. President Trump considered strategic messaging toward the people of china very important. President Trump has, very publicly, complimented the friendship he feels toward President Xi Jinping; and praises Chairman Xi for his character, strength and purposeful leadership.
2018 is the year China discovered that President Trump knows how to play their panda/dragon games.
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Council of Economic Advisers Chairman Kevin Hassett appears on Fox Business news to discuss the impact of the Federal Reserve’s interest rate hikes on the Main Street economy and the state of the Wall Street stocks.
The key metric is to accept what’s happening around us.  Fed rate hikes are hurting Wall Street (investment class).  However, Fed activity is not yet impacting Main Street.  This is because the two economic engines (Wall St. -vs- Main St.) are so far apart.

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Part Two of this interview (and expanded review) is below:
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Much misplaced anger is visible.  President Trump wants the southern border wall; he is being opposed by every interest who doesn’t want it.  The people in DC who are opposed to border security, are the people who write the laws.  I’m not talking about congress; I’m talking about the real people who actually write the laws, the lobbyists.
Right now Majority Leader Mitch McConnell and Minority Leader Chuck Schumer are writing a short-term continuing resolution to fund government and avoid a shutdown.
They know President Trump is quite comfy with a shutdown.
Why would republican Mitch McConnell take such an action that puts the republican President in a position of opposition and compromise?
Because he wants to, that’s why.
President Trump said he wouldn’t sign another CR that didn’t fund the border wall.  Right now Mitch and Chuck are writing a CR that doesn’t fully fund the border wall.  Why would Mitch McConnell do that? Because he want’s to that’s why.  UniParty !
Mitch McConnell, Chuck Schumer, Nancy Pelosi and Paul Ryan are working to put a take it or leave it bill in front of the President and force him to accept it.  Republicans currently control the House and Senate.  Why would McConnell and Ryan put President Trump into that position?  Because they want to, that’s why.
That’s who you should be mad at, not President Trump.
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CEA Charman Kevin Hassett is a happy MAGAnomic warrior as he continues to explain the disconnect between the strength of the U.S. economy -vs- the world; and how the disconnect impacts the multinationals (Stock Market).

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The interview is in two segments. Part II is below:
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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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If you’ve followed the MAGAnomic discussion threads you will likely appreciate this interview much more than the typical Fox Business viewer.
In this interview White House Council of Economic Advisers Chairman Kevin Hassett discusses the recent rise in retail sales and why he is optimistic about GDP growth.
Additionally, at the 03:00 point of the interview he is questioned about the disconnect between the exceptional growth in the U.S. economy -vs- the current status of the Wall Street stock market.  Hassett points directly to the ‘multinational‘ disconnect.

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Via Commerce Dept – “Advance estimates of U.S. retail and food services sales for November 2018 were $513.5 billion, an increase of 0.2 percent from the previous month, and 4.2 percent above November 2017. Total sales for the September 2018 through November 2018 period were up 4.3 percent from the same period a year ago.”
Two-thirds of U.S. GDP stems from U.S. consumer sales. Growth of more than 4% year-over-year is excellent and forms the basis for the increases in forecast GDP.
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I apologize in advance for my shortcomings in trying to de-wonk multinational economics and the financial constructs that impact, at the core, the U.S. worker and consumer.  It’s a big issue to tackle in digestible portions.  However, that said some inflationary statistics are presenting an opportunity for expanded discussion.
Reuters has an article out today highlighting inflationary data as released by the Bureau of Labor Statistics (BLS) [DATA HERE]. The overall summary is the Consumer Price Index is stable or flat reflecting low inflation on measured goods; however, that’s not the part that bears emphasis.   Instead I would direct attention to this:

The Fed’s preferred inflation measure, the core PCE price index excluding food and energy, increased 1.8 percent year-on-year in October, the smallest gain since February, after rising 1.9 percent the prior month. It hit the U.S. central bank’s 2 percent target in March for the first time since April 2012.

At the heart of the controlled monetary system; at the epicenter of the multinational global control mechanisms; inside the offices of the global economic elites; there is a system of financial manipulation with tentacles that reach into your pocket.  This system seems hard to understand, but it is critical to do so… so we need to try and understand it.
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