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Trump Cannot Be Anti-Globalist While Working With Global Elites
Trump Cannot Be Anti-Globalist While Working With Global Elites
In the summer of 2016 during the election campaign I examined the Trump phenomenon and how it relates to the globalist narrative. I concluded that Trump would be president based on the fact that having a (supposedly) hardcore nationalist and populist conservative in the White House over the next four years would in fact be highly beneficial to the elites. At the time the Federal Reserve was getting ready to tighten liquidity, which would inevitably lead to market volatility and a crash in fundamentals. By the end of Trump’s first term, or perhaps at the beginning of his second term, the recessionary crisis would become obvious to the general public. Trump, and all conservatives, would be blamed for the resulting disaster that the banking elites engineered.
During the election it was unclear to me if Donald Trump was a puppet of the elites. He could have simply been a convenient scapegoat for the coming crash. Today, it is obvious that he is indeed controlled opposition.
As I’ve noted in numerous articles, Trump’s associations with the globalists go way back. He was saved by the Rothschild banking family from crippling debts in multiple property developments in Atlantic City during the 1990’s. The Rothschild agent that handled Trump’s bailout was none other than Wilber Ross, the senior managing director of Rothschild New York. Ross is now Trump’s Commerce Secretary, which indicates that his relationship to the Rothschilds continues to this day.
In 2016 Trump offered positions in the White House to a vast array of global elitists, some of them from the Council on Foreign Relations, a think tank whose stated goals include the erasure of borders and the end of national sovereignty. These members include:
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Welcome to the G-20 from Hell
Welcome to the G-20 from Hell
World leaders wrestle with a maelstrom of complex, burning issues as they prepare for November 30 summit
The G-20 in Buenos Aires on November 30 could set the world on fire – perhaps literally. Let’s start with the US-China trade war. Washington won’t even start discussing trade with China at the G-20 unless Beijing comes up with a quite detailed list of potential concessions.
The word from Chinese negotiators is not at all bleak. Some sort of agreement could be reached on about a third of US demands. Debate on another third could ensue. But the last third is absolutely off-limits – due to Chinese national security imperatives, such as refusing to allow the opening of the domestic cloud computing market to foreign competition.
Beijing has appointed Vice-Premier Liu He and Vice-President Wang Qishan to supervise all negotiations with Washington. They face an uphill task: to pierce through President Donald Trump’s limited attention span.
On top of it, Beijing demands a “point person” with the authority to negotiate on behalf of Trump – considering the mixed-message traffic jam out of Washington.
Now compare this with the message coming from the research institute fabulously named Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era under the Party School of the Central Committee of the Communist Party of China (CPC): the US has started the “trade friction” essentially “to hinder China’s industrial upgrading.”
That’s the consensus at the top.
And the clash is bound to get worse. Vice President Mike Pence accused China of “meddling in American democracy,” “debt diplomacy,” “currency manipulation,” and “IP theft.” The Foreign Ministry in Beijing dismissed it all as “ridiculous.”
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James Howard Kunstler: The World’s Greatest Misallocation Of Resources
James Howard Kunstler: The World’s Greatest Misallocation Of Resources
Kunstler adds fresh critique to his now decades-old warning that we are sleepwalking our way deep into the Long Emergency. The longer we delude ourselves and waste our energies in pursuit of reviving the failed “endless growth” model, the farther our journey back to a sustainable way of living will be when our current system collapses:
I don’t think there is any sense that they really know where we’re headed, what our destination is, and what the imperatives are and what the future is actually telling us that we need to do. Don’t forget that the so-called psychology of previous investment is a very powerful force in American life and it’s prompting us to do everything we can to maintain the investments we’ve already made. Those investments are the ones I have already mentioned: the freeways, the suburban housing developments, the strip malls.
A lot of the hope pinned on Trump is based on the idea that he’s assembling this team of mega-competent capitalist movers and shakers who know how to make deals — the Wilbur Rosses and Rex Tillersons of the world — and that they are going to conjure up a tremendous surge of economic activity that will be majorly fruitful going forward in the future and produce a tremendous amount of new wealth. Of course the stock market has been pricing that in.
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Puerto Rico Is Greece, & These 5 States Are Next To Go
Puerto Rico Is Greece, & These 5 States Are Next To Go
Wilbur Ross discusses Puerto Rico’s debt struggles and where it goes from here…
But, as JPMorgan details, Muni risk is on the rise for US states, but broad generalizations do not apply (in other words, these five states are ‘screwed’)…
The direct indebtedness of US states (excluding revenue bonds) is $500 billion. However, bonds are just one part of the picture: states have another trillion in future obligations related to pension and retiree healthcare. In the summer of 2014, we conducted a deep-dive analysis of US states, incorporating bonds, pension obligations and retiree healthcare obligations. After reviewing over 300 Comprehensive Annual Financial Reports from different states, we pulled together an assessment of each state’s total debt service relative to its tax collections, incorporating the need to pay down underfunded pension and retiree healthcare obligations.
While there are five states with significant challenges (Illinois, Connecticut, Hawaii, New Jersey, and Kentucky) , the majority of states have debt service-to-revenue ratios that are more manageable.
As a brief summary, we computed the ratio of debt, pension and retiree healthcare payments to state revenues. The blue bars show what states are currently paying. The orange bars show this ratio assuming that states pay what they owe on a full-accrual basis, assuming a 30-year term for amortizing unfunded pension and retiree healthcare obligations, and assuming a 6% return on pension plan assets.
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