Are people beginning to catch on? Are people beginning to identify the long-ball strategy of a non-traditional approach toward geo-political alliances?
Apparently, some are – because North Korea is not happy with the heavy pressure coming from Big Panda, China. As identified within this radio interview between Dr. Gorka and Brian Kilmeade…
Canadian Prime Minister Justin Trudeau appears to be cowering to the demands of British Columbia Provincial Premier Christy Clark who asked for retaliatory trade action against Oregon and the Pacific Northwest after Commerce Secretary Wilbur Ross announced a tariff on Canadian soft-wood imports.
Yesterday (Friday) Prime Weasel Trudeau threatened to ban shipments of U.S. thermal coal from Pacific ports and suggesting sanctions against additional trade products from Oregon due to the support for the soft-wood tariff by Democrat Senator Ron Wyden.
ENERGY ECON […] Trudeau said Ottawa would study whether to stop U.S. firms from shipping thermal coal via the Pacific province of British Columbia. Provincial Premier Christy Clark asked for the ban in response to the U.S. tariffs.
Canada is also considering duties on exports from Oregon such as wine, flooring and plywood, said a source close to the matter, citing Oregon Democratic Senator Ron Wyden’s prominent role in pressing for the lumber tariffs.
The federal April jobs report shows a gain of 211,000 new jobs amid a 2.5% year-over-year growth in wages, bringing the latest national unemployment rate to 4.4% or what the federal economists call the ‘cusp’ of full employment. They are, well, ‘positioning’ an advanced narrative.
DATA – •Construction payrolls rose by 5,000; •manufacturing payrolls increased by 6,000; •leisure and hospitality payrolls jumped by 55,000; •professional and business services payrolls rose by 39,000; •healthcare and social assistance employment increased by 36,800; •retail payrolls gained 6,300.
That’s the official interpretation of what the jobs gains mean. However, to reconcile the “slacking” the quantifying economists are now halving the customary growth figure used for inbound newly economically matriculated workers.
Historically it takes 150k new monthly jobs to retain employment rates as static; therefore any job growth beyond 150k must lower the unemployment rate. The fed is now using 70-100k as the new labor market number to retain stasis.
Bloomberg – […] Removed from the weather-related distortions of the previous three months, the April figures indicate solid trends in employment, while measures of those left behind in the recovery — favored by Federal Reserve Chair Janet Yellen and President Donald Trump alike — are at or near pre-recession levels.
Over the next few weeks/months the bill will work through the Senate and then return to the House to reconcile any differences. The House bill takes the increasing, costly IRS tax/penalties on ObamaCare down to $0 – effectively crippling the individual mandate and the employer mandate.
President Trump will hold a 3:30pm EDT celebratory news conference at the White House, and GOP lawmakers are expected to take buses from Capitol Hill to attend. Mitch McConnell and 52 republican senators now have the challenge of passage.
U.S. Commerce Secretary Wilbur Ross sat down for a comprehensive discussion on trade, education and commerce policies with Bloomberg’s David Gura at the Bloomberg Breakaway Summit in New York.
In his direct and often humorous style Wilburine describes some of the current economic trade challenges and presents an outline of U.S. forward policy. Secretary Ross spends quite a bit of time explaining how the NAFTA trade agreement is obsolescent in the modern era and how many of the products and industries in 2017 are not part of the agreement.
Wilburine also discusses how the business community is interacting with the Trump administration to deliver on specific aspects to the larger economic policy goals. A very good and substantive discussion segment:
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Additionally, COMMERCE – Earlier today, U.S. Commerce Secretary Wilbur Ross and U.S. Treasury Secretary Steven T. Mnuchin held a phone conversation with Vice Premier Wang Yang of China. Commerce Secretary Ross, Treasury Secretary Mnuchin and Vice Premier Wang discussed bilateral issues related to the U.S.- China Comprehensive Dialogue and the overall economic and trade relationship between the two countries. (link)
Reuters is reporting on a stunning financial prediction coming from the Federal Reserve in Atlanta. Their 2nd Quarter prediction falls in line with many of the “new dimension” economic predictions we have been anticipating.
The Atlanta Fed is predicting 4.3% growth:
NEW YORK (Reuters) – The U.S. economy is on track to grow at a 4.3 percent annualized pace in the second quarter, rebounding from a 0.7 percent increase in the first quarter which was the weakest in three years, the Atlanta Federal Reserve’s GDP Now forecast model showed on Monday.
This is much faster than the latest second-quarter gross domestic product estimate of 2.33 percent from the New York Federal Reserve. (read more)
There is a disconnect in traditional economic quantification that we have been predicting for well over a year. It’s the same disconnect currently reflected in the jobs numbers between payrolls and the Fed explained here. We also outlined additional data two months ago which the federal economists admit they cannot reconcile – Expanded HERE.
For 30+ years U.S. economic political policy has been driven by Wall Street interests. STOP. Main Street, the middle-class and the American worker have suffered. STOP. The successful election of Donald Trump, and the execution of his “main street” economic policy agenda, has sledgehammered the prior economic machine into a full seizure an halt. FULL STOP.
As previously mentioned, part of President Trump’s overall economic policy is a restructuring of U.S. banks and financial organizations to remove the structural issues within globalist leverage benefiting Wall street via multinational banks. Trump has proposed a modern 21st Century Glass-Steagall law of sorts.
Today President Trump talked to a group of leaders from local and community banks:
[Transcript] 12:01 P.M. EDT – THE PRESIDENT: Wow, look at that. Oh boy, oh boy. They love Dodd-Frank, don’t they? They love it. (Laughter.) Thank you very much. I appreciate it. Very nice. Sit down, please. Beautiful hats. (Laughter.)
Well, thanks, Mike Pence. And Mike has been so great, and he’s on your side, believe me. He’s on everybody’s side.
It’s a pleasure to welcome the community bankers to the White House today. I want to, in particular, thank Cam Fine. Cam Fine. Stand up, Cam Fine. Pretty well-known guy, too, huh? (Applause.) Congratulations, Cam, for leading the Independent Community Bankers of America. And thank you for all being here today. Very, very special.
If you didn’t read the Part-V explainer of how we got to this point in congressional history stop and go read it. This stuff is all connected and cannot be absorbed without a thorough understanding of motives behind the advancing agenda-writers.
Make Sure You Watch The Embed Video (below) from Wilbur Ross.
The interim Continuing Resolution (CR) is fraught with demands of the “Big Club”. That is: Wall Street, their lobbyists, and those who have created the UniParty for over three decades. The “Big Club” is fighting back against the insurgent presidency of Donald Trump and is using the Republican wing of the UniParty to do it.
It is Republicans, not just Democrats, in congress who are putting the most toxic spending priorities within the $1+ trillion spending bill and forcing a spending bill onto President Trump’s desk which factilitates the needs of the lobbying class and undermines parts of the structural agenda of President Trump.
The outrage should be rightly focused on the UniParty in congress, and more specifically the Republicans therein, not President Trump.
What would the ankle-biters and antagonists (gnats) have President Trump do? Veto a bill constructed by bipartisan legislation in congress? Shut down government? That’s exactly the dynamic the “Big Club” has set up through their paid opposition represented by Paul Ryan and Mitch McConnell.
