China/US Trade War Impacting EU Businesses?

USA Today is citing doom and gloom statistics as a direct result of the US-China trade war:   “China tariffs could force ‘widespread store closures’ and put $40 billion in sales at risk”.   “UBS claims that 12,000 stores are at risk. A record 8,139 stores closed in 2017, and another 5,864 in 2018”!

And The Sky Is Falling….

I imagine the numbers are absolutely correct, it is the reasoning that is ridiculously skewed. Clothing stores have been particularly at risk for a number of years now given that more and more people shop online.   Many offer free shipping, and some free returns.   This phenomena has caused retail outlets to shutter and the trend is likely to continue with or without China tariffs.

So why would USA Today create a false narrative?

The article is written by Kelly Tyko a self described ‘Bargainista’ who typically writes about where to find the best deals. Really. Need I say more.   It is blatantly inaccurate, and shows a hideous lack of economic insight, while bludgeoning the reputation of USA Today.

In fact, UBS has stated that adjustments to portfolios need not be radical but prudent as they are convinced a deal will be made.

Equally flagrant in promoting an anti-Trump/anti-US posit is Germany’s Deutsche Welle: “One Third of EU Firms Hit Hard By US/China Trade War”.   Cited by the European Union Chamber of Commerce In China.

Established in 2000, this European Chamber is an NGO representing 1600 companies within the EU doing business in China. Their Secretary General, Adam Dunnett, provided a much more interesting and pragmatic perspective on China and doing business in China:

The purpose of the NGO is to create a better market access and business environment with China overall.   According to Dunnett, European investment in China has been steadily decreasing for the past four years. Reforms within the Chinese economy have occurred most recently in the past two years, but the EU companies say it is likely too little, too late, and the positive impact on their businesses has been negligible.   When asked if the reforms instituted by Xi Jinping had encouraged them to invest more in China, the overwhelming response was – No.   EU businesses were already tilting away given that China’s closed door policies caused delays, shred profits, and left a bitter taste.   As such, 5% of businesses simply left for the more lucrative markets in Australia, Vietnam and Singapore.

When asked about the US/China trade war, Dunnett was quite straightforward and rational:   While the impact has affected 50% of the EU businesses, he also stated that, “The frustrations felt by the US, related to reciprocity, IPR infringements, and technology transfer obligations, are by no means new issues – the European Chamber has been raising them consistently for the last 15 years.”

Dunnett goes on to discuss problematics in China’s pharmaceutical policies that have inherent negative consequences on EU businesses – irrespective of the US trade war.

In essence, he appears to quite understand the US position, and recognizes that it is a necessity in order to officiate fair trade in the future.   He sees the current market environment in China as hopeful, but restrains promotion given it remains too restrictive in the present.  As such, he supports moving businesses to more free economies.

Will the trade war impact US businesses? Likely. But the mess that created such a massive trade imbalance ricocheted like crazy rising 400% between 2004 and 2018. TO do nothing would be reprehensible!

Ultimately, as Romney pointed out when he deigned to be President, China is buying our country, and owns our debt.  This is accomplished through trade imbalances.   If that is a good thing – then move to China. Unfortunately, Romney proved to be a false Republican, a McCainer surrounded by Swamp reptiles.  Still, he was correct with regard to China.

At least Adam Dunnett speaks from sensibility and reality. Hopefully, USA Today and Deutsche Welle will hire actual journalists to report on the global economics, instead of Bargainistas and Soros plebes.

China Trade War – MSM Playing The Wizard Of Oz…

CNBC’s Emma Newberger has published an article claiming that Goldman Sachs the has stated; “cost of tariffs imposed by President Donald Trump last year against Chinese goods has fallen “entirely” on American businesses and households…”   Goldman says there are two very detailed, item level studies that prove that Chinese imports remain at the same price. In addition, the US GDP could be hit by a .4% decline.

I suppose to some this sounds devastating. But when analyzed just a bit, the entire article is misleading at best, an illusion, and a tactical study in propaganda at the very least.

The article does not provide any link to any studies. It cites no statistics.   There is no historical graph.   In fact, it is red Jello with absolutely no cherries. Hospital food.

Between 2016 and 2017, the Consumer Price Index, before the levy of ANY tariffs, rose 2.1%.   In 2018, the CPI increased 1.9%.   Between 1970 and 2018, the CPI rose 25% with a starting point of -10%.   This increase coincides with the increase in the ‘money supply’ which doubled into Nirvana land during the Obama administration.

As for the US GDP rate, in 2017 it was 2.3%. In 2018, GDP increased to 2.9%. And in the first quarter of 2019, it increased 3.2%.   A .4% decline from the previous year would amount to a total reduction of .0116 resulting in a new rate of 3.18%.

Just three months ago, the very liberal CNN authored a story in which they claim that “the Chinese economy has slowed severely.   It has hit its lowest level in three years.   And it is much, much weaker than government figures suggest.” Local businesses blame the trade wars.   Senior China economist at Capital Economics claims the economy of China shrank 3% last year making the Goldman Sachs argument smell like a dairy farm.

The problem with the media is they do not have the power to ‘delete’ history, and so instead they attempt to rewrite it.   But a five minute research by anyone can quite literally unfold the truth and reveal a plethora of lies. In politics, they call them ‘gaffes’.   In the media, they are fake news.

Goldman Sachs is thus guilty of – fake news.

Barron’s claims that the US economy is slowing down. They site different methodologies for measuring the growth and choose to eliminate certain ones so as to lower the actual numbers.   But a measurement is only so good as it’s comparable historical measure. To conveniently eliminate certain industries because they might ‘artificially inflate’ the number means one would have to eliminate those numbers for all history. It is a defeating argument, designed to manipulate and propagandize the economy.

In essence, when analyzing the manufacturing industry of the US, Barron’s has determined that the current outlook is ‘half as bad’ as the decline from 2014-2016 during the Obama reign.

All numbers are intertwined.   If economists are going to extrapolate specific numbers without looking at the whole, then there will always be fluctuations, but the whole is the ultimate grade of an economy, not the individual parts.

The Gestalt theory, expressed in psychological terms in the 1920’s, understood that the whole is a sum of the parts.   Thus extracting ‘a part’ denies the whole. My father named his sailboat, “Gestalt”.

If one reviews the news from farmer and agriculture sites, as opposed to political news sites, the concerns are not so much China as: weather, disease, techniques, herbicides, trends, organics, toxicity, soil – all the normal discussions among those inside the industry.

What they aren’t discussing is – China.

What this reveals is that the MSM is manufacturing a Farming crisis without a farmer, they are creating an Economic crisis without a study or statistic, and they are creating an illusion without – magic.

In fact, the MSM is no different than the Wizard of Oz, a slight, old man, standing behind a great curtain, using machines to create smoke and noise so as to scare Dorothy and her companions, when in fact, there is nothing wrong – at all – and they all can find what they want inside themselves without the idiotic, narcissist behind the curtain.

POOF….

PUERTO RICO: FEMA ENTITLEMENT

FEMA was instituted in 1978 by “Executive Order” during the presidency of Jimmy Carter. As of 2018, FEMA’s entire annual budget was $18.4 billion.

The House has approved $19.1 billion in disaster relief to Puerto Rico despite Trump’s objections.   Total damage from the two hurricanes that devastated the territory was estimated to be $50-$90 billion, which is a) a rather large discrepancy in estimates, and b) relatively close to its entire nominal GDP of $104 billion.

As a Commonwealth territory, it does not enjoy the full privileges extended to states although as a territory they are entitled to Disaster Relief funding.   They have their own Constitution and their own House of Representatives. Historically, they have repeatedly voted against statehood and as recent as 2011 were designated an Independent Nation by the UN. In 2012, the Puerto Rico government held two votes regarding their status and the majority voted for statehood. In 2012, President Obama said he would work on that – but nothing has been done and their status remains Commonwealth territory.

In addition to FEMA funding, Puerto Rico enjoys $21 billion in annual aid from the US.

In 2017, FEMA agreed to $464 million relief, and Trump agreed to $4.9 billion in loans. Trump’s disaster relief priorities are for US states which have their own flooding, tornado, and cyclone issues, including the Nebraska Airforce base that desperately needs $450 million given historic flooding this past March, and Hurricane Harvey which is stated to have caused $180 billion in damage..

In 2017, the cost of disasters affecting the US totaled $300 billion.   When there is not enough money to go around, Congress asks for ‘supplemental appropriations’.   Obviously the $18 billion budget fell far short of the $300 billion tab. Frequently that means relief will be over a term of years with private donations pitched for assistance.

While Hurricane Harvey was estimated to cause roughly $180 billion in damage, FEMA approved $5 billion for Texas after a comprehensive state plan of action was submitted. This is fairly normal, given the Federal government rarely, if ever, pays for the entire estimated damage of any disaster.

Puerto Rico has NOT submitted a plan because apparently their government believes it is simply too ‘time-consuming’ – according to NBC News.

It would seem that the Puerto Rico government feels entitled to a check in the FULL amount immediately payable, with no plan for distribution, to spend as they wish, at US taxpayers expense despite the fact that Puerto Ricans do NOT even pay US Federal Income Tax. And they are ANGRY they haven’t gotten those funds.

Shiploads of aid reached Puerto Rico within a week, thousands of containers of food, supplies and fuel. Aircrafts began descending with aid as airports were reopened.   NGO’s and private donations were also lucrative and generous. But in 2018, warehouses of rotting food and rat infested crates were discovered because the government failed to make distributions, instead claiming Trump was to blame for not doing – enough.

FEMA had just been deployed to mediate the disaster of Hurricane Harvey that wiped out parts of Texas, Arkansas, Kentucky and Tennessee when weeks later Maria hit Puerto Rico. Getting aid over land to Texas was significantly easier than shipping aid in the middle of a catastrophic storm – to Puerto Rico.   Still hundreds of cargo ships managed to arrive within a week. But Puerto Rico’s truckers were not available to unload the crates and so the aid sat… and sat, for over a year.

Rosello, the elected Puerto Rico governor recently said, “If the bully (Trump) gets close, I’ll punch the bully in the mouth.”

That is a threat of violent action against the President of the United States. The Governor should be arrested and jailed for threatening bodily harm to our President!   It is reminiscent of California’s Governor Brown whining, threatening, and then demanding money despite failing to meet Federal Laws regarding ICE and illegal immigrants.

Why is Rossello calling Trump a bully? Because he wants more money. San Juan mayor, Carmen Cruz who has announced her intention to run against Rossello in 2020, was unbelievably vicious, insulting, threatening and vindictive at the time of the disaster. She continually made false statements and claims while refusing to explain the warehouse corruption or the fact that the aid was there but distribution was not. She is aligned with US Liberal Democrats in their belief that boundaries of political accord do not exist any longer. I imagine she has aspirations of Hollywood, a book deal, and a Soros alliance.

In 2018, the FBI raided Carmen Cruz’ mayoral office over improprieties, corruption and fraud in business dealings. Two officials were indicted. A further FBI investigation into the Puerto Rico governor’s office led to indictments against four politicians and a judge for corruption and undue influence.

This non-US state, with Commonwealth status, an economy that continues to require unrelenting Federal aid just to sustain itself, is a welfare product that has failed miserably to apply any measures to teach its citizens how to fish. Instead, it continues to demand more and more fish be given to them because they are entitled and deserve their fair share…

If it sounds like a Bernie, uses money like a Bernie, and whines for more like a Bernie, chances are – it’s a Bernie Socialist Nation and needs to be Independent. Personally, I would give my money to viable states that are a part of our United States.

Trump’s China Trade War – The Facts

The Federal Reserve and the World Bank at the behest of a handful of economists who are decidedly left leaning have published two scathing reports which claim that Trump’s trade war with China is costing US taxpayers upwards of $68 billion annually.

Of course the statements are biased. Of course they represent an agenda and potential fodder. If they are true.

Economists are an interesting breed. They sit in glass houses and create a conclusion without seeming to have a basic understanding of real world business and tend to adamantly disagree with each other on a broader scale while presenting a portion of the facts.

Somewhat like the climate change fiasco.

Trades are business contracts. They may be executed as a one-time transaction, transactions that occur over a series of months, and often are transactions that are locked years.   They take time to execute. Terms are pre-determined. Terms are re-negotiated.

These ‘Economists’ have made a determination based on data that is virtually impossible to track. In addition, their supposition ‘estimates’ an annual cost. But even that is wholly unreliable because the Tariffs were imposed over the course of several months in 2018, with intellectual property, aluminum and steel at the forefront.   They effectively began in July and phased in over a number of months.

China’s “implemented and ‘proposed’ tariffs” would affect $110 billion of imports. That does not mean the US exports stop. It means they will be levied a tariff which will effect the profit margin.

The economist’s reports both extrapolate the outcome as an annual loss. A year has not yet occurred.   In fact, there is only two months of trade numbers in 2019 to analyze. Certainly one can extrapolate based on previous data… right? Yes and no.

It is like a poll wherein a random sample of 1000 Democrats all residing in New York are sampled and the results will determine the US Presidential election…

Example:   During Obama’s reign trade data is available on a monthly basis.   At the end of 2008 when Obama came into office, the US trade deficit with China was roughly $268 billion.   By the end of 2016 when Obama left office, it was $347 billion. Before any tariffs had any measurable impact, by the end of 2017 the deficit had climbed to $375 billion.

This ‘non-important’ deficit has climbed every single year since it began in 1986. Since 2000, it has quadrupled. And not one sitting President did a damn thing.

Suddenly, with two measurable months of data available for 2019, the media is calling Trump’s trade war a calamity.

In actuality, the value of imports for January and February of 2019 were down 10% and 20% respectively compared to the previous year – before any tariffs were imposed.

Lets look at another trading partner – Germany.

When Obama came into power that deficit was roughly $28 billion. By the time Obama left office that deficit had spiked to nearly $65 billion. It torched at $68 billion by the end of 2018, well before Trump’s tariffs took effect. The first two months of 2019, the deficit had lowered nearly 10%.

Even in the world of an Economist, 2 months is clearly not enough of a data set to make any conclusion or opinion.   And yet they do. Why?

Obviously it is an attempt to discredit Trump and provide fodder for Democrats who are bent on finding fodder because they are frustrated with the incorrigible corruption, instead of truth.

What this also reveals is the larger picture in which both the US Federal Reserve and the World Bank are colluding in this massive demonization of all things Trump.     It also reveals that these institutions have provided absolutely no guidance or stipulations or concern for the annual increase in US trade deficit for the last 30 years.

Which technically is a reflection on their incompetence. Economic Policy is their mainstay. Their existence. So obviously they did not have the US in their sights for at least 30 years.

Why?
1) According to it’s own website, the World Bank’s field of study is on ‘Developing Countries’.   So why did they commission a report on Trump’s China trade – two well developed countries outside of the scope of their jurisdiction?

2) The second part of these reports claims that US agriculture farms have been hit hard by Trump’s tariffs.   But the agriculture business isn’t the mom and pop farm of a hundred years ago. Mainstream media have been sounding the alarm on the changing face of farms for a decade or two.

Statistics: Most small farms are ‘hobby farms’.   Tax incentives during the Bush and Obama years gave wealthy elites the ability to classify their compound acreage in the middle of such places as Long Island and the Hamptons as farmland, take a tax benefit, and produce enough to feed a cat.

Secondly, ‘large farms make up less than 4% of all farms and account for more than 66% of all sales. And that number continues to edge higher.   They are corporate farms.

And third, the Federal government continues to subsidize small farms up to $20 billion annually.

The value of agricultural exports to China is roughly $23 billion, which represents about 5% of all production in US.

It isn’t just the US Swamp that is fearful of Trump. It is The Swamps that exist globally.   He has turned their power off. He has broken the rules. He does not recognize their structure. And he wants to fix the chaos that they have so dedicatedly created for well over a hundred years.

Certainly there have been a few anomalies in the US; Kennedy, surely. But his fate and that of his brother reveal how determined the International Swamp is to maintain their brotherhood as is.

Lastly, the Federal Reserve Bank:   What is their job? Primarily – to address ‘banking panics’. Secondarily to manage money supply.   In 2012 when Obamanomics was considered an economic catastrophe the response of the Federal Reserve was not to commission economist papers, but to ‘do something’ to leverage that catastrophe. They have no business commissioning reports – outside of their Banking duties.

Trump recently threatened to take down the Federal Reserve; his animosity for that corrupt regime has been no secret.

The Enemy of my Enemy is My Friend.

Trump has been in office two+ years. He has fought for The People while being verbally attacked, legally attacked, his family in jeopardy, his life threated, and still he rose for us.  They are – running scared.

Russia Sanctions – Meaningless Propaganda.

Germany is defending the need for NATO in order to defend the EU democracies against a Russian invasion. Although Russia has given no intelligencia impression of any desire to attack the EU, the narrative serves a purpose.

Germany and her counterparts do not want to foot the defense bill, and given NATO and the UN have been subsidized by the US for decades, it serves a financial purpose rather than a defense purpose.

In that vein, Germany is also defying the Russian sanctions to punish the evil Putin by opening up a Mercedes car plant near Moscow.   The hypocrisy couldn’t be more abject.   Praising the German-Russian partnership, Germany’s Federal Minister for Economic Affairs and Energy, Peter Altmaier said that he saw great potential for future cooperation with Russia despite “political differences.”

Despite Merkel attempting to justify the trade move, the fact remains, it is all about money. Trade between Russia and Germany amounts to roughly 62billion Euro annually.  The farce of sanctions is thus defined.  It is a political move to create the appearance of doing something to appease constituents who have been led to believe a demonizing fake media agenda.

Cuba.  No different.  Despite levying sanctions for decades to oppose the communist regime, tourism continues to be a source of – money.   Canada is the largest source of tourism revenue, US is second and Germany is third.  Italy, France, Spain, the UK and even Russia enjoy the pristine beaches.  But a large sector of the tourism is actually health related given that the government shifted a tremendous amount of funds to that sector following the sanctions.   While doctors make less than waiters, their education and drive to cure rather than medicate is a sought after industry.

Germany sought to side-step the Iran sanctions in order to create a trade bolster to their economy.  And now Venezuela is finding itself in the middle of a power struggle from outside countries as the frenzy to capitalize on a collapsed economy provides huge potential to make money.

Syria is a case in point. Create a fake war.  Destroy an entire country.  And then vie for the contracts to rebuild, create a new economy, and walk away with a flush wallet.   If a country’s government is not willing to board that plane, the country stands to become the next victim.

Citizens will protest, citizens will cry foul, but in the end, that foul is what supports their continued luxuries and necessities.

Until a new mental acumen can devise a way to deviate from this system that has been in play since the beginning of time, we will be subject to its consequences.  Until this layer of global Swampland can be eradicated, they will continue to reap the rewards their inherent greed demands.  The mindset is always – no matter what a person has, it is never enough.   A millionaire wants to be a billionaire, and a billionaire wants to rule the world because billions will buy such.  Greed, boredom, and a bizarre belief that the pawns within this world are there to protect and die for the Queen, remains the monarchial mentality that was and is and is to be.

Until – we say – no.

Merkel is simply looking for a means to prop up a cracking economy in order to give the appearance she is Germany when in fact she is the same Merkel that destroyed Germany.   In her last and final days before resigning, her legacy is at stake, her honor must be upheld, and respect must be reattained.   By any means.

Germany has historically been the instigator of our worst global wars – always within the guise of propping up a cracked economy.

Is America Growing… or Declining Like Rome?

Is America growing or decling like Rome?

41BC, after the assassination of Julius Caesar, the Roman empire went through explosive growth. Why?

Caesar’s hand-picked successor was his nephew, Octavian. As most school children learn, Octavian attacked the renegade general Marc Antony, main squeeze of Cleopatra, took control of northern Africa and expanded his empire. But why was Egypt so important?

Octavian was named Augustus in 37BC,

but in that year, Rome had already sent 100 ships to the Red Sea. The Red Sea lanes gave the Romans a shortcut to the Arabian sea, Indian ocean and the Silk Road.

Silk wasn’t the only thing Rome imported from Asia,

though it was probably the most important. They also imported chemicals, (fragrances, embalming fluids, etc.) spices, ivory but most critical to Rome’s armies, steel.

For something to be important as an import, it must be either not available or expensive in the importer’s country, and this was especially true of silk and steel. To be sure, the Romans had silk, but to the Chinese, silk was the basis of much of their economy. After 2,000 years of minute advancements, they had refined the manufacturing process to the point where hundreds of thousands, perhaps millions of Chinese laborers were cranking out thousands of tons per year of extremely high-quality fabric that no one else in the world could replicate.

In steel, the process was even more acute. 

Roman steel was largely wrought iron, which is a low carbon form, molded into shape by heating and beating. Its low carbon content made it weak, heavy and brittle. Chinese steel could be cast into forms that were flexible, lighter and did not as easily break.

For the Romans, though, what was most important was not steel or silk, but something hardly mentioned in the texts. Branch banking.

To an empire, what you want is not important; what’s important is what you can buy. Rome could never have conquered China and taken its silk and steel. They had to buy it and to do that; they had to not only have money but move it.

Regardless of how powerful a country is, shipping gold across the seas is dangerous and expensive. The Romans, like the Greeks and Jews, solved this by using their temples as banks. Banks took in deposits and issued notes, promises written on paper in lieu of gold. If a person wanted or needed gold, they could have it, just as one who needs cash can get it from a bank, but if they don’t need it, it stays in the bank in their account. This meant the Romans did not need to continually ship gold to finance trade or construction, two things that require large amounts of money.

The Romans protected their temples with armies,

which was why locals kept their money there, but the real beauty of the steel and silk trade was Rome’s ability to tax it. The import taxes on steel and silk were as high as 25%, and the cost of these in the empire was staggering. It’s been estimated that a single bolt of Chinese silk may have cost the equivalent of 8 years of Roman wages. This gave the Romans the ability to create something that didn’t exist in 37BC. A standing army financed by wages and not plunder. Plunder may be a cheap way to finance a war, but you must keep finding new plunder.

In many ways, Bill Clinton, unwittingly, became the Octavian of his time…

though Octavian was a general and Clinton a draft dodger. Clinton’s claim to fame, (or infamy, as it may turn out) was to set the banks free. By eliminating Glass-Steagall and changing banking regulations, he set in motion a chain of events that led us to where we are today. A nation with a mammoth military financed through taxing and borrowing against trade.

Is this good or bad for America?

Like the weather, this is impossible to predict. On the one hand, the US has borrowed rivers of money. On the other, that river has bought us quite a lot. Aside from too many houses too many bars and too many malls, America has something else no one seems to notice. A gargantuan university system.
In Roman times, all roads led to Rome. The same is true here. 9 of the top 10 universities in the world and 35 of the top 50 are in the USA. Of course, you can get an education from a book, but that’s hardly the point.

A few years back, I lived inside the triangle engulfed by three universities, Harvard, MIT, and Tufts.

If you think of these institutions as places you get an education, you’re missing half the story. Harvard college is small, but its graduate school is enormous. The same is true of MIT and Tufts. The level of research going on in this triangle is staggering, and if you think it’s because of “American exceptionalism,” think again. The top students in these universities, as well as many of the professors, are from nearly every country on earth. As my daughter aptly put it when I asked her how many of her classmates in chemistry class at Wellesley were American, she said, “Just me and Eileen.”
To put this in its true perspective, America has 1,400 colleges and universities. The amount of money flowing through is probably higher than the GDP of 80% of the world’s nations. The amount of research being produced is hard to fathom, much less control.

Our Universities may be on the cusp of replacing what for 20,000 years has defined nations. Resources.

They are close to making oil obsolete. The effect on the USA is hard to fathom. Even though the price of computing has fallen by a factor of 3,000 in the last 20 years, the prices of oil and coal, on inflation-adjusted terms, have barely budged in the last 80 years. As Bill Gates once said, if the cost of transportation fell as fast as the cost of computing, you’d be able to buy a jet for what it used to cost for a neck-tie.

This has led to a one to one relationship between energy use and GDP growth. Imagine if this ratio changed by a factor of not 3,000, but just two. Imagine going from using 100 million barrels per day of oil to 50 million? It’s almost impossible to fathom. An electric car uses one-fifth the fossil fuel a gas or diesel powered auto uses. The US has 250 million vehicles!

The same is true of farmland, copper, and steel. We may be within a couple of decades of a family being able to produce almost everything they need to eat in their basements using as much energy as is created by a couple of hours on an exercise bike. In just the last two years, seed technology has raised some crop yields by 20% using the same soil and less fertilizer. Vegetables can already be grown in warehouses and can compete on a price basis with those shipped in from Mexico and sold in Walmart.

We’re close to being able to diagnose illnesses with a cell phone and where you can make love with your spouse that is 3,000 miles away in a hotel bed. We’re a decade away from being able to sit in a room and have a conversation with Einstein and your long-deceased grandmother.

Why is this important? For all of our history, the world has been ruled by empires, from the Romans to the Ottomans, the Han to the Ming, the British Empire to the USA. Imagine a world where everything you need is at your fingertips. Imagine a world where Empires no longer matter.

Is the USA declining, or, as in the case of Dinosaurs, are we becoming smaller and more sustainable?

Europe’s Female Leaders: Merkel, May, Wallstrom – Femme Fatale FAILURES

Germany continues its attempt to vilify Trump while treading lightly as they dip their pinky toes into a possible recession at the making of their Socialist, Communist government. 

The Socialist liberals don’t like Trump’s wall, they hailed Obama’s ‘fence wall’, which was erected for the same purpose, but side with Pelosi in regard to the anti-humanitarianism a wall evokes.   Of course, they did nothing about the Berlin Wall which was created as a prison to keep people in – as opposed to keeping illegals – out.  It was the US under Reagan that brokered the fall of the Berlin Wall to allow free access among nationalized Germans.

But it isn’t about the wall, it isn’t about humanitarianism, it is about demonizing Trump in light of the reformed Socialist failure toward globalization with Germany at the helm.

Theresa May has informed her closest advisor that she will be resigning this summer two years early amidst the debacle of failing to bring about an organized BREXIT negotiation. Of course, she was the pawn of all pawns in this chess game, expendable, her dignity and respect in an utterly deplorable shambles.  Perhaps she went into this fusion of chaos with ‘eyes wide shut’, but I doubt it, and if she had, certainly she is leaving having completely disgraced the UK and herself, while quite possibly creating a spectacular ‘deplorable’ Fall.  Without shame, without compassion or a voice for her people, her legacy will be an engraving on her headstone, and Les Miserables may be invoked.

Merkel too is likely to leave amidst a deplorable escalation of crime, lacking negotiating tacticals, and an economy that is nose diving radically.  But perhaps that is – the game for the EU.   An economy, a society, must be destroyed before one can truly rule it within a globalized fashion of dictatorship – Hitler was Germany’s own example.  Bringing down the stalwarts;  France, Germany and the UK, would spiral the entire EU aligned countries.

Sweden’s Deputy Prime Minister, Wallstrom,  a self declared ‘feminist’, serves the criminals at the expense of her own women and girls, leaving them without support or retribution in a land that has spiraled into the soulless depths of rape, assault, bombs, fires, and  crime.

These are the women of the EU.  These are the female models – the humanitarians?

Germany’s Deutsche Welle media outlet, a government catered institution much like the Washington Post, prints scathing opinions and articles defiantly anti-Trump while embracing the likes of Pelosi, who would seemingly be wishing, ‘mother may I please’ become President of the US at the ripe age of 80.

Today, DW’s US correspondent, Michael Knigge, would have the audacity to site an argument against Trump declaring a state of emergency to fund the wall given that ‘the US has been in a perpetual state of emergency’ since 1979, which is actually a story drudged up in 2014 during Obama’s reign of terror.   Of course the fact that Germany was the causal force that took the globe into WWI and WWII seems to elude this author.   Perhaps we should delve into the Bolshevik revolution instigated by Germans seeking to overthrow the Russian Monarchy.  Or the 500 year long Germanic invasions of the Roman Empire?

Knigge goes on to ‘ad nauseum’ Pelosify himself as being in alignment with this liberal Socialist who has seemingly garnered a wealth of over $200 million through self-seeking contracts given to her husband, a VISA scam, and insider trading tactics used by herself and infinite other politicians to exploit the system and line their pockets.

In essence, Most, if not all, of Trump’s most vicious critics are angry because he is winning, because their tight apple-cart just got ransacked and dumped, because in all their infinite glory representing an army of 100,000, they still can’t beat one man – Trump!

WHOAH!

Germany and France: Fake a Military Alliance…

Germany and France have announced joint plans to build a, as in one, fighter jet, in their ‘ambitious new defense strategy’.  This one jet may be ready within – two years… or more because first they have to create a ‘concept study for a shared air combat system’, and the study may require two years to complete.

The construction for this fighter jet is a combined effort between Germany’s Airbus and France’s Dassault although funding is an issue and the respective governments are looking for outside ante’s.   Airbus’ military chief, Fernando Alonso, has stated that simply buying a bunch of US made F35’s would be a much less expensive alternative but such a purchase would greatly impact Europe’s sovereignty.   What?

Suddenly, it would appear that Europe has decided it will adopt the anti-Trump agenda of sovereignty – they just won’t announce it to the people.  In fact, the cost of this monstrosity unmanned fighter jet has also been kept under wraps given the tenuous budgets of France and Germany are already squeezed by trade issues and immigration welfare.

What they have announced is a $75 million budget to be shared by Dassault and Airbus to develop the ‘architecture and manufacturing structure’ for the project.  Essentially, it is a committee fee that may or may not determine if the project is even feasible.  And in essence, the spending does little to nothing to advance Europe’s military, and may be a smoke screen or deflection from the fact that their NATO ante remains in the twalette. Previous collaborations have proven quite embarrassing as differing opinions created vast disparities and eventually entire projects crumbled with nothing to show for the $$$$.

Of course, this time will be different.

While Macron made the demand that the venture not include bidding from US Lockheed Martin in order to maintain ‘sovereign rule’, the fighter jet will be fitted with US Nuclear Bombs.  So I guess sovereign only means – sometimes.

But they need to do something given their defense ministers have whispered the fact that most of their current inventory is obsolete or in dire need of costly repairs.

While Trump demanded that the EU countries ante up their fair share of military spending per the NATO Agreement, they have been reluctant.

NATO was created to defend European countries from a “Russia invasion”.   Canada, Turkey and the US came on board after the fact.   Russia came aboard briefly but NATO ejected them after the Ukraine coup.   Like a good deal of the Federal government, NATO has become a nonessential burgeoning expense propped up by the US and a handful of EU countries to conduct military exercises.  While NATO has been an alliance in Afghanistan, and the first Gulf War, it is now mostly relegated to ‘protecting civilians in north Africa’.   Why?  Why is NATO protecting countries that aren’t a part of NATO?

A quick perusal of the NATO site indicates their current projects to be a handful of meetings, shaking hands, and discussing security while taking jaunts to Romania, Slovakia, Macedonia, Kosovo, London and Brussels.   Of course no organization would be complete without creating a sub-feature that addresses ‘equality for women’, as in NATO is now a sponsor for protecting women’s rights.  AH!

Of course the blatantly obvious question in all this military discussion is why are Germany and France creating their own military instead of anteing up their fair share for NATO?   Unless they too believe that NATO has become superfluous.

Time Magazine has an answer: Their justification for the fair share debacle is because the 2% of GDP is simply a ‘guideline’, not mandatory. And therefore, Germany, France and most of the EU are within their right to give NATO money – or not, in any denomination they feel like.   Therefore if a country, such as the US, decided to ante nothing, we would be within that same ‘guideline’ rule.   By George I’ve GOT IT!

It is the same rule that the Paris Climate Accord created, i.e., ‘a guideline’ that neither Germany or France have ever met, and don’t intend to meet in the near future, although a 30 year agenda sounds good because Merkel and Macron will be long gone by then sitting on a beach drinking Mai Tai’s.

I wonder if the $39 billion BREXIT bill is a ‘guideline’?  Given that contracts are not really binding, and $$$ aren’t really available, and rules aren’t really governable?  And organizations are really superfluous… conducting occasional meetings, flying hither and there… while Kosovo ‘peacekeepers’ are really volunteers, but they are multi-ethnic, lightly armed, professional and support the UN.  But Kosovo is not a member of NATO, so why is NATO even there?    I ramble.

Bottom line, France and Germany are trying to give the impression they are doing something constructive toward building a military when in fact what they have is completely unusable, would offer no protection to the people, and they don’t have the money to create a military defense – so instead, they have created a committee to evaluate the construction of a jet and held lots of photo ops to impress the media with a proposal/guideline of a jet that is way too expensive, and they can’t afford.

But it isn’t mandatory…

World Economic Forum -A Soros Hollywood Affair

The Davos Summit or World Economic Forum, is nearly over and they are coming away with some major accomplishments as they prepare to board their Gulf Stream jets and jettison away into the swirl of yellow plume skies…

What have they accomplished so far?

Nothing.  They just talked the talk while ignoring the walk and readied to leave in a surge of CO2 pollution as their 1500 jets blazoned the skies.   It was no different than the G-20 Summit, the G-8 Summit, The Paris Accord Summit, the NATO Summit, the Healthcare for all Summit, The Inspire Summit, the BRICS Summit and the 100+ other annual Summits that are really about a bunch of back slapping politicians, Hollywood actors and self-proclaimed activists who want to hear themselves speak.  Yes – celebrities are invited to attend because the Summit awards artists (actors and musicians) the Crystal Award.  Actors describe their ‘vision of the world’ because of course theirs is pre-eminent.  It has devolved into a Summit of fantasyland narcissists and uber elite narcissists discussing what is best for their subjects, The People.  How droll.

In November 2018, there were no less than 25 separate ‘Summits’, in October there were 21, you get the drift…  These Summits have become a forum for self grandizing.  Do we really believe that the likes of Matt Damon and Cate Blanchett should decide world policies?

Merkel managed to slam Trump and the Deplorables while sending her Foreign Minister to plead with Trump to be like Obama, pretty please.   And Soros, who is an annual attendee, gave a scathing speech about China and XI Jinping while continuing his criticism of Facebook and Google – two major operatives of – Soros.  Soros is furious with Jinping because China continues to move away from his open society initiative toward a more sovereign nation and that is cause for a scurrilous spiel of expletive laced spew!

While the media in the UK and US was cryptic in their reference to President Trump’s nonattendance, Macron, Lavrov, Xi Jinping and Theresa May were all absent as well.  Each sited their own reasoning, which amounted to resolving issues at home.

What Soros offered was a new and improved United Nations that would rule the world under the tenants of his open society premise instead.  He emphasized repressive regimes with IT monopolies that his open society could not ‘destroy’ so as to initiate his plan to infiltrate his own monopolies (Facebook and Google) which espoused his ideals and rules of order and chaos.

But Soros anger may have a core point to his blistering, blustering anger.  According to Zero Hedge, of the 12 biggest Billionaires in attendance, Soros was the only one to have secured a net lost in the last ten years amounting to – 61%.  And he’s peeved!   Everyone else saw their wealth expand exponentially including the top tier Zuckerberg at 1853%, Marc Benioff at 829% and Steven Schwarzman at 486%.

The venue menu included a Caesar salad for a mere $48, a club sandwich for $42.50, and a hamburger for $41.  But hey, given that state taxpayers foot the bill… nyeh.

At the end of it all, everyone goes back to their respective country, yawns, and continues along the same path they were on the previous week, the previous month and previous years as though nothing has changed.  Those that desperately want globalization return home to push – globalization, and those that don’t, push sovereignty.   It is a waste of time, money and pollutants.

And yet they continue ad nauseum each and every year.

I applaud Trump for shrugging it off.

So what happened at the 2018 Summit – a Year in Reflection?

Soros stated that Trump wanted to create a mafia state.  Soros blasts Social Media giants because they didn’t garner him the US election as he demanded.   Dhragi hits out on Trump comments on the dollar.   Soros tells the EU they should prop up Africa’s economy.   Soros hits out on China and Russia totalitarianism.  Soros says Trump is a temporary phenomena who will disappear in 2020.  Soros says the survival of the world is at stake because of Jinping and Trump.

Do you see a pattern… help me please!  The entire summary of the summit was about what ‘Soros Said’.

And some pundit, Jennifer Jacobs, a White House spokesperson for Bloomberg, is aghast because Trump dared to schmooze upwards of 15 company executives while in attendance.   I mean, isn’t that what everyone – does?

The bottom line. Soros speeches indicate he is deathly afraid of Jinping and Trump – not even Putin was awarded the typical demonization reprimand. What is most telling is the fact that Soros unabated fear would seem to highlight the fact that he has lost his ju-ju (to borrow a word from a friend), and he is sliding into obscurity and failure.  I imagine for a man of Soros character, failure is far worse than Hell.

France: Budget Chaos = Tax Chaos = Civil Chaos

The Socialist block of the EU is descending into complete chaos, London, France, Germany are seeing unprecedented riots and the respective governments have no idea what to do!   Macron did nothing, then he gave, in, now he thinks that in order to show ‘strength’ he must fight the yellow vest movement.   And stupidity reigns as he has lost complete control of his country.

In a speech to the French people, Macron offered no solutions, and merely framed a slew of empty words:   “We can do better, and must do better”, “I believe in us”, “Truth, dignity and hope”…  But as he spoke the rhetoric glanced with the impact of a spitball, protests continued unabated, and 150,000 police and security were deployed to try and quell the immense volume of discontent.   MERDE!  Police have been caught on video punching demonstrators, clubbing them, and kicking them on the ground.

Polls indicate Macron now has a disapproval ranking of 80%, and calls for him to step down have gone viral.   In the midst of the onslaught, France’s economy will likely suffer incredible economic hardships as tourism is at a standstill and businesses scurry to defend their wares.   Looting is rampant, and vandalism is spiking fears that a civil unrest could devolve the country into chaos and bankruptcy.

France’s government has not recorded a positive spending budget since 1970.   Since 2002, government health spending has doubled.  Government spending is roughly 1.29 trillion Euros per year – $1.5 trillion.   The US has five times as many people as France and spends four times as much per person for government expenditures.   As a percentage of GDP, France’s military spending is a full percentage point below the US at 2.3.  As a percentage of total world spending, France’s military spending is 1/10ththat of the US.  The discrepancies are enormous.  If the US were to stop footing the bill for the EU countries through NATO, the budget deficit of France would be crippled.

Germany is even worse.  Their military spending is a mere 7% of what the US pays.   Yet Germany’s population is 24% that of the US.   The US picks up 35% of the total world expenditure for military, basically supporting 28 EU member states, Australia, Canada and Japan.

If the US relegated NATO spending to the countries it defends, and simply quashed our share completely, the redistribution to our military would be roughly $310million.   Total economic and military assistance to other countries is roughly $45 billion with Afghanistan, Israel, Egypt, Jordan, and The West Bank receiving the bulk of the shares.

If the US became sovereign in its truest sense, we would have at our disposal $45.3 billion additional funds that could be allocated toward military personal salaries, housing, and medical care.   If all the funds went to active military personnel, that would provide each one with an additional $35,000 per year.

When European governments cry foul on Trump, when they ridicule and malign him, they stand to create an irreversible economic spiral for themselves should Trump decide to revoke their subsidies.   Our allies are not necessarily – our friends.

But then, what we are witnessing is that these governments are not representing their people, they are fake, they are props, likely put in office with the help of voter fraud.

The gender pay gap in France remains unchanged since 2000.  Wealth inequality in France shows an constant increase for the top 1% and 10%, despite media notions that France is a country of equality.   While their education spending is a large portion of the government budget, the disparity rises as the proportion spent on University education far exceeds formative education, and thus the top tier benefit from those expenditures.

The youth unemployment rate in France is 21.5%.   By comparison, the youth unemployment rate in the US is roughly 8%.

Perspective:   The minimum wage is France is degraded by age.  Standing at roughly $11.5 per hour, for those between the ages of 15 and 16 it is 20% less, and for those 17 to 18 it is 10% less.   An average workweek is 35 hours – on a monthly basis their earning power is 12.5% less.   The average monthly take-home salary in the US is 42.67% higher than in France.  The price of buying real estate is 400% higher – in France.

Taxes in France are exceptionally high.  A self employed person can expect to fork over 70% of their income in taxes at the base level.   Employees pay 22% into Social Security, deductions and exemptions are significantly less available, the top tier tax rate is 45% and applies to anyone making over 152,260euro.   They have local taxes, residence taxes, land tax, professional tax, gift tax, inheritance tax, income tax surcharges, wealth tax, VAT tax (20%), capital gains tax, property tax, and the infamous petroleum tax.

And still – despite paying little for their military, which consumes over15% of the US budget, France operates on a budget deficit and has for the last 50 years.  I think Ocasio-Cortez would fit right in.

This is why the Yellow Vests are protesting!