Good discussion between Tom Friedman and Steve Bannon on the ‘big picture’ of the U.S. -vs- China geopolitical trade confrontation. Friedman is an insufferable prog on methods, but he recognizes the President Trump approach is necessary. Worth Watching:
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Where academic Friedman is helplessly naive is on the key point of how a coalition approach toward China is a pipe-dream. When it comes to economics each entity has unique self-interests. Put fifty self-interested governments together (ie. TPP) and you end up with paralysis of analysis and no action; as each entity fights to hold their own interest over the group interest….. While China grows in the background. (more…)
Against the backdrop of media reports surrounding U.S. Attorney John Durham, and an investigation into potentially corrupt 2016 investigators, perhaps it’s worthwhile to pause, evaluate, reset the outlook and review the backstories.
There’s room for cautious optimism, but there’s also reason to temper expectations. First within the latest Fox News report, the following is noted:
Fox News – […] Durham, known as a “hard-charging, bulldog” prosecutor, according to a source, will focus on the period before Nov. 7, 2016—including the use and assignments of FBI informants, as well as alleged improper issuance of Foreign Intelligence Surveillance Act (FISA) warrants. Durham was asked to help Barr to “ensure that intelligence collection activities by the U.S. Government related to the Trump 2016 Presidential Campaign were lawful and appropriate.”
Curtis Ellis was special advisor to Secretary of Labor Acosta in the Trump administration. He is now an outside government advisor to America-First Policies, an unaffiliated economic advisory board and advocacy group. In this video Ellis walks through the big picture behind the U.S. -vs- China Trade confrontation.
Michael Pillsbury discusses the ongoing U.S-China trade negotiation and notes the internal dynamic within China as their primary negotiator Vice-Premier Liu He was stripped of his title: “Special Envoy of Chairman Xi Jinping”.
Earlier this afternoon President Trump welcomes Hungarian Prime Minister Viktor Orbán to the White House for bilateral discussions. During an oval office press availability both leaders answered questions from the media. [Video and Transcript]
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[Transcript] Oval Office – 2:14pm EDT – PRESIDENT TRUMP: Thank you very much. It’s a great honor to have with us the Prime Minister of Hungary. And Viktor Orbán has done a tremendous job in so many different ways. Highly respected. Respected all over Europe. Probably, like me, a little bit controversial, but that’s okay. That’s okay. You’ve done a good job and you’ve kept your country safe. (more…)
President Trump is executing one of the most brilliant geopolitical economic resets in the history of global trade. It really is stunningly remarkable how President Trump has controlled the entire landscape. The consequential phase now begins.
It is fascinating how the financial pundits didn’t see this coming. Perhaps one of the best indicators of where things are today comes from this quote within the South China Post:
“The Administration’s Section 301 tariffs and China’s retaliatory tariffs will now further disrupt – or even break – many thousands of supply chains in both countries.”
[Nelson Dong, a senior partner at Dorsey & Whitney]
The quote by Nelson Dong is stated *as if* shifting/breaking supply chains is a flaw in the approach. It’s not. Exactly the opposite is true; this is a feature of the strategic reset. A specific and purposeful feature designed by President Trump.
What Dong is predicting is the deconstruction of “one-belt, one-road”. (more…)
Looking at the retaliatory response from China today; there’s lots of great news. China is doing exactly what President Trump quietly predicted. They are walking directly into his trap. Trump is a friggin’ genius…. more on that coming.
This video from Steve Hilton last night was very well presented.
CTH was wondering how long it would take for President Trump to point out the brutally obvious…. Thanks to some advanced planning that everyone ignored, there are multiple trade alternatives to China:
Perhaps now people will reference President Trump’s long-game strategy which has been evident since his marathon Asia trip in November 2017.
Long before media pundits starting noticing/considering how serious President Trump was about structurally resetting the entire landscape of a U.S-China trade relationship, President Trump quietly and methodically laid the groundwork with personal visits to: Prime Minister Shinzo Abe (Japan); President Moon Jae-in (S-Korea); President Tran Dai Quang (Vietnam); and President Rodrigo Duerte (Philippines).
Oh, how quickly the media forgot. (more…)
Boy howdy, Maria Bartiromo has the big picture of the 2015/2016 political weaponization of the intelligence apparatus exactly right. In this interesting interview with Senate Judiciary Chairman Lindsey Graham both Bartriromo and Graham discuss the scale and scope of the 2015/2016 effort to stop Trump.
Interestingly, in a shift of tone, Senator Graham outlines what this surveillance operation means when contrast against the structures of our constitutional government.
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Traditionally Lindsey Graham would bury any issue adverse to the institutions of the DC administrative state. So there’s two possibilities here: (A) Graham has fundamentally changed his outlook toward the dangers of the institutions within government; or, (B) Graham is doing a full ‘Castellanos‘ and embracing the controversy in order to control the risk to the administrative state with intent to protect it. [The latter is tradition]
The best way for DC to protect itself from the mob’s approach is to lead it themselves. The modern GOPe club has used this defense sending agents to the front of the grassroots anger in order to control the outcome. [Fast-n-Furious, IRS targeting, Benghazi, etc.] (more…)
National Economic Council Chairman Larry Kudlow appears on Fox News to debate Chris Wallace over the U.S-China trade reset. As customary Wallace completely ignores the dynamic of communist China as a state run economy, and not a free market system; thus presenting the fictitious Wall Street position about bad tariffs.
Chairman Kudlow notes the bigger issues of President Trump confronting the enforcement mechanisms that must be in place if a trade agreement (FTA) between a free-market system (USA) and a state-run system (China) are going to work…
. Washington, DC – U.S. Trade Representative Robert Lighthizer today released the following statement regarding additional action under Section 301 of the Trade Act of 1974: (more…)
