On February 3rd 2017 President Trump signed Executive Order #13772 calling for a system of reviews, first due in 120 days, of the U.S. financial, investment and banking system for possible reform. Today Treasury Secretary Steven Mnuchin released the first in a series of reports (full pdf below) outlining the U.S. Financial System.

Given the breadth of the financial system and the unique regulatory regime governing each segment, Treasury will divide its review of the financial system into a series of reports:

• The depository system, covering banks, savings associations, and credit unions of all sizes, types and regulatory charters;
• Capital markets: debt, equity, commodities and derivatives markets, central clearing and other operational functions;
• The asset management and insurance industries, and retail and institutional investment products and vehicles; and
• Non-bank financial institutions, financial technology, and financial innovation.

Today’s report covers the depository system.

The full report is below and it is rather extensive.  Here’s my initial review of the content with the report embedded at the bottom.

Back in July 2010 when Dodd-Frank banking regulation was passed into law, there were approximately 12 to 17 banks who fell under the definition of “too big to fail”.

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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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Commerce Secretary Wilbur “Wilburine” Ross deconstructs the progressive talking points surrounding the insufferable Paris Climate Treaty and explains how President Trump’s withdrawal benefits the U.S. economic interests.

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Commerce Secretary Ross, Treasury Secretary Mnuchin and Trade Representative Robert Lighthizer are empowered and positioned to create dynamic U.S. economic growth.

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AP is reporting the leaders of France (Macron), Germany (Merkel), and Italy (Genteloni) have released a joint statement saying the Paris Climate Treaty is irreversible and cannot be renegotiated. Effectively shutting down the only option President Trump left on the table for them:

Pay attention to the last sentence in the AP joint statement snippet:

French President Emmanuel Macron, German Chancellor Angela Merkel and Italian Premier Paolo Gentiloni said in a joint statement Thursday that they take note “with regret” the U.S. decision to pull out of the 2015 agreement.

The three leaders say they regard the accord as “a cornerstone in the cooperation between our countries, for effectively and timely tackling climate change.”

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Every word we read, every corporate broadcast, every espoused punditry opinion, every angle that’s visible, everything surrounding the Paris Climate “Treaty”, All.Of.It., is driven by multinational banks and corporations who have a vested financial interest.

The Paris Climate Treaty has nothing to do with “climate” and everything possible to do with economics, globalism and the controlled redistribution of economic wealth as constructed through decades of advanced policies of multinational financial interests.

There are factually TRILLIONS of dollars at stake.

When you consider the pontificating pearl-clutching from the financial and industrial elites, ask yourself this very basic question:

If Elon Musk (Tesla), Tim Cook (Apple), Larry Page (google), Mark Zuckerberg (facebook), or any of the myriad of multinational executives really cared about “climate change”, then why are they doing business in China?

The primary concern for every affiliated entity surrounds economics, not climate.  “Climate” issues are the Trojan horse, the false ruse, the talking point, the scheme to get economic systems in place -yes, political systems- to control the distributive flow of larger economic wealth within all nations.  Period.

What ObamaCare was to your loss of healthcare individualism, so too is the Paris Treaty a political tool to deconstruct national economic individualism.  FULL-STOP.

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President Trump’s EU strategy is swimmingly effective. Truly, President Trump’s multinational approach is jaw-droppingly transparent (they’ve obviously never read any of Trump’s books), and today France’s Emmanuel Macron showed just how thoroughly disconnected he is from understanding his own position.

Wunderkind Emmanuel Macron, following the exact same advisory recommendations which planted egg on Obama’s face, threatens Vladimir Putin and Bashir Assad with a red-line of military action if chemical weapons are used in Syria:

“Any use of chemical weapons would results in reprisals and an immediate riposte, at least where France is concerned,” Macron said, standing next to Putin in the Versailles palace outside of Paris.  (link)

Emmanuel Macron threatening unilateral action if Syria’s Bashar Assad uses chemical weapons? Hilarious, if it wasn’t so substantively dangerous.

The orbit of influence surrounding the wunderkind (all caviar liberal socialists) have convinced Macron that now is the time to project a strong EU image to compensate for President Trump’s bold stance pointing out the EU need to step out from behind the skirt of NATO and provide for their own defense.  Politically, Macron’s yapping might play well with a domestic or EU centric audience…. (more…)

Germany’s Chancellor Angela Merkel is at the root of the European Union’s most terrible policies, both financial and social.  However, her life-skills within EU politics have refined her instincts at playing the wounded indian routine to avoid responsibility in the aftermath of the consequences.

In addition Merkel points the finger at others never taking ownership of the catastrophic outcomes from her expressed socialist and left-wing multicultural policies.  The economic migrants from the Mid-East and North Africa flooding the EU are the most visible example.

The conversations at the most recent G7 summit displayed an intensely smart and strategic approach by U.S. President Donald Trump in that he accepted the EU positions that enhanced their vulnerability (collective trade) and yet refused to accept EU positions that would have weakened U.S. economic outcomes (ie. climate agreements).

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President Trump’s political opposition, including Most Swamp Media (MSM), have claimed he went too far in calling out NATO members for their lack of funding their own military and security apparatus.

During President Trump’s latest trip to NATO he stated publicly they needed to improve and do it quickly.  The media expressed a position that President Trump was too direct; however, what the media never shows is how far out of balance the entire financial system is for NATO.

The members of NATO agreed to spend at least 2% of their GDP on their own internal defense and security.   Most people are probably familiar with a graphic such as below which appears on CNN website explaining the dynamic:

However, what is rarely added to the discussion is the scope of the U.S. GDP in comparison to other nation states.  For us to spend 3.61% of our massive GDP ($18.5 Trillion) is actually $670,344,000,000  That represents 76.11% of the entire NATO budget.

In the graphic below I’ve added the GDP and extended the math to show how much the United States actually pays in whole dollars in comparison to the top 10 NATO member nations:

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Leaders of the G7, a finance-centric geopolitical group of international leaders, issued their joint summit statement on Saturday.  U.S. President Donald Trump refused to align the United States with the joint declaration pledging commitment to the Paris accord on climate change.

[Page 6 pdf below] …”The United States of America is in the process of reviewing its policies on climate change and on the Paris Agreement and thus is not in a position to join the consensus on these topics.  Understanding this process, the Heads of State and of Government of Canada, France, Germany, Italy, Japan, and the United Kingdom and the Presidents of the European Council and of the European Commission reaffirm their strong commitment to swiftly implement the Paris Agreement, as previously stated at the Ise-Shima Summit.”

President Trump tweeted at the conclusion of the G7 Summit:

The full summit agreement is below:

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Sip slowly, this explainer was hard to write.   There is a considerable amount of perplexed frustration following on the heels of Treasury Secretary Steven Mnuchin testifying to the Senate Banking Committee earlier today and specifically saying:

02:20 Glass-Steagall? “we do not support a separation of banks from investment banks, we think that would have a very significant problem on the financial markets, on the economy, on liquidity; and we think that there is proper things that potentially we could look at around regulation, but we do not support a separation of banks and investment banks.”

That statement runs counter to the Trump administration’s prior policy statements outlining a preference for a reinstatement of some form of “Glass-Steagall” regulatory separation between commercial banking and investment banking.

In essence when combined with the totality of Mnuchin’s testimony before the committee, Mnuchin is saying the current “too big to fail” (‘too big to succeed’) issue has created a problem for lending liquidity.  Specifically, if divisional separation is required – the banks best interests would naturally put the investment division ahead of commercial lending and the liquid capital within the overall economy would shrink.

I think we have a handle on what the administration is doing based on the executive orders signed and explained earlier.  Bear with me…

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