Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL. For Thine is the kingdom and the power and the glory, forever and ever. Amen †

Good grief.  In the latest exhibition of bipolar narrative engineering, the New York Times encapsulates everything wrong with the current state of U.S. journalism.
The first New York Times headline for tomorrow was presented with text: “Trump Urges Unity VS. Racism”… (see below)
… This triggered the mob; who immediately began an apoplectic outrage campaign against the publication.    So the editors jumped quick to the typeset to correct their headline, acquiesce and engineer a more adversarial narrative; as below.
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White House trade and manufacturing policy advisor Peter Navarro, appears with Lou Dobbs to discuss the current status of the U.S.-China trade conflict.
Within the interview Navarro discusses the impact of China devaluing their currency as a strategy to avoid U.S. tariffs on Chinese imports.  WATCH:

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Beijing has once again used their proxy province of North Korea to launch small two short-range ballistic missiles as leverage in the U.S. and China trade confrontation.

WASHINGTON – For the fourth time in less than two weeks, North Korea has fired projectiles into the Sea of Japan, a U.S. official said.
The two projectiles, fired on Tuesday morning local time, were assessed to be similar to the short-range ballistic missiles tested by North Korea last week, the official said. (read more)

Moments later President Trump and Treasury Secretary Steven Mnuchin fired a counter-missile directly into the heart of Beijing’s trade currency manipulation:
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China needs to buy dollars to backstop their own currency (¥uan). When China trades with the U.S. they hold the return dollars as a peg against their weak currency.  Remove the flow of dollars (lessen exports) and they start to run out of strong pegged currency.
What is happening today is not as much direct devaluation by China; rather they are intentionally allowing their currency to drop in value, in an effort to lower export prices and off-set any tariffs from the U.S.   Simultaneously, Beijing is spending internally, burning cash, to keep their economy from weakening.  Their Yuan burn rate is greater than the influx of higher valued dollars needed to hold their position.
They cannot keep this position indefinitely.
First, here’s a solid interview with former CEO Gerald Storch on how the currency devaluation leads to lower prices for U.S. consumers.  Again, emphasizing the point that U.S. consumers are not paying for the tariffs against China.  Watch:

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Earlier today President Donald Trump delivered remarks from the White House about the shooting incidents in El Paso, TX, and Dayton, OH.  [Video and Transcript]

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[Transcript]  – THE PRESIDENT: Good morning. My fellow Americans, this morning, our nation is overcome with shock, horror, and sorrow. This weekend, more than 80 people were killed or wounded in two evil attacks.
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Originally outlined over two years ago. Reposted by request, because we are watching it play out in real time: Believe me, at the heart of the professional/political opposition the issue is the money; there are trillions at stake.

President Trump’s MAGAnomic trade and foreign policy agenda is jaw-dropping in scale, scope and consequence. There are multiple simultaneous aspects to each policy objective; they have been outlined for a long time, even before the election victory in November ’16.
If you get too far into the weeds the larger picture can be lost. CTH objective is to continue pointing focus toward the larger horizon, and then at specific inflection points to dive into the topic and explain how each moment is connected to the larger strategy.

Today we repost an earlier dive into how MAGAnomic policy interacts with multinational Wall Street, the stock market, the U.S. financial system and perhaps your personal financial value. Again, reference and source material is included at the end of the outline.
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In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post anything relating to the Donald Trump Administration and Presidency.

This thread will refresh daily and appear above the Open Discussion Thread.

President Trump Twitter @POTUS / Vice President Pence Twitter @VP

Stephanie Grisham Twitter @StephGrisham45

Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And forgive us our trespasses, as we forgive those who trespass against us. And lead us not into temptation, but DELIVER US FROM EVIL. For Thine is the kingdom and the power and the glory, forever and ever. Amen †

[Unrelated, Chinese financial markets are off-the-charts tonight as the currency is dropping like a rock, Beijing is intervening to stop the bleeding…. and Hong Kong workers are going on strike. Yikes, could be trouble.]

Earlier today while departing from Morristown municipal airport, President Trump and First Lady Melania delivered remarks to the media. [Video and Transcript below]

“Hate has no place in our country”…

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[Transcript] –  THE PRESIDENT: Thank you very much. I want to extend our condolences to the people of El Paso, Texas, and Dayton, Ohio. They’re incredible people and they’ve been through a lot.
I just want to also thank the law enforcement in both places. The job they’ve done is incredible. I also want to congratulate them. I mean, nobody could have done what they’ve done. This could have been — as bad as it was, it could have been so much worse.
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