Sounds like our President has his hand on the pulse of the world—‘bout time!!!
The author is Joel Ross, Principal, Citadel Realty Advisors, 15 West 36th Street, NYC, NY. Mr. Ross publishes the Ross Rant, a $300 per year subscription newsletter, which makes predictions based upon economic data.Ross Rant July 29.
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To
understand the trade war with China, you need to understand that China
at the moment is having a major slowdown economically. The stock market
is down 25%. Many banks are being bailed out by the government.
Everything and everyone in China is way over levered, and the economy is
therefore in a high risk position which the government was trying to
fix. The trade war got in the way, forcing the government to subsidize
the smaller banks. China is loaning tens of billions to countries like
Pakistan to build ports and railroads and infrastructure. Problem is,
these countries have zero possible way to ever repay these loans. So
now they are faced with stopping the projects or asking the IMF to bail
them out.
It
is a mess for China and the countries who took the loans. There is
starting to be pushback against China for this. So, Trump’s timing to go
after China is exactly right. They are in a weakened position right
now. Ignore all the hype about how they could sell their $1.4 trillion
of US Treasuries —to who??? Not going to happen. The whole world
agrees China violates every rule on trade and steals IP. Trump is just
the only one who is willing to take them on with the rest of the world
cheering him on from the sidelines. Now it appears the EU is willing to
cooperate with Trump and revise the WTO and to push China on IP and
other trade violations. Something they were never willing to do before.
Can
4% GDP growth continue? Maybe. But 3.5% would be great. Remember the
left, and the press saying in 2016 and early 2017, 2% was the new
normal maximum, and the US was at its peak and we faced stagflation,
economic decline, etc. 2% was the accepted number as what good growth
would be. Larry Summers was right out there saying 4% was impossible.
Some in the mainstream media and Wall St said getting above 2% was pure
fantasy, and Trump was dreaming.
So,
as I have said often, ignore the talking heads, and the mainstream
media. They all have an agenda. Almost none are objective. The tax
bill and deregulation was a huge boost. The left just can’t admit it.
There are even stories now in the press that 4% is really a bad
thing??? 4% is great, it may not be 4% next quarter, but 3.5% would be
terrific. If Trump really does a deal with the EU, Mexico and Canada,
and then Japan, 3.5%, or better, is very realistic.
Capital
expenditures will ramp up further once the tariff issues subside and
that uncertainty goes away. They say exports were hyped due to pending
tariffs, but to do that, inventories were drawn down, so this quarter
inventories will be rebuilt, pushing up GDP growth upward. The press
does not want you to believe it because it means the Republicans win in
November, so they will try to convince you otherwise. Even my very
liberal economist friends admit privately to me that the economy is
going to be booming for at least 6 more quarters. The key is to reelect
Republicans to control Congress.
Keep
in mind Maxine Waters is chair of the finance committee if the Dems get
control, and Nancy is speaker. Think about that combo, and the ability
to get budgets and more tax reform done. It should drive you to the
polls and to take all your friends with you to vote. What a trade
Trump, and 4% GDP, or Maxine Waters.
If
you want to understand Russia, and the whole gas pipeline issue--- gas
and oil is 52% of Russia’s GDP. The GDP of Russia is slightly smaller
than NY State, around $1.5 trillion. GDP per capita is only $8,748 in
2017. Far lower than in 2013. We heard this first hand when I was in
Russia, but now the stats show it to be true. The standard of living in
Russia is declining. 20% of the Russian budget goes to weapons and the
army.
So
Trump is right - how can Germany build a new gas pipeline with Russia
which will fund more weapons spending, when they are supposedly having
sanctions because of weapons and Crimea. It is nuts. The gas line will
provide Russia billions of new cash flow for weapons which are aimed at
----Germany. But Merkel also thought letting in over 1 million Muslims
was also a great idea until the voters rebelled, and the rest of the EU
voted right wing in response.
Reality
is Russia is now in economic decline due to lower oil prices and
corruption. Defense spend was reduced this year. So what does Merkel
want to do – build the pipeline to pay them more badly needed money.
Trump is not out of line for his comments. The pipeline is the same as
Obama paying Iran $150 billion just as their economy was tanking. Truth
is Russia cannot afford to wage a real war in Europe now that Trump has
forced NATO to materially up spending and readiness.
If
Obama was still in power Putin could take over Baltic states and have
only a few sanctions because under Obama NATO was militarily unable to
react. That was why Putin felt he could go into Crimea with no big
problem. Putin also knew he could continue his cyber war with no real
consequences under Obama. Don’t believe the crap about Trump favors
Putin, or they have something on him. It is more lefty nonsense. The
US pays 71% of NATO costs. Germany pays less than 1.2% of their GDP for
their own defense. We pay far more for Germany’s defense than Germany
does, and they can afford to pay.
Trump
is right for making this a major issue. So in 2018, NATO and the US
are upping spending on defense and Russia cannot keep up. Russia is
forced to reduce spending because oil prices did not rise as much as
Putin needed.
Under
Obama US defense spending went down from 2013 on, and Russia went up a
lot, and China even more. Obama left us in very bad and weak shape vs
our main adversaries. It was massive US defense spending by Reagan vs
Russia, that won the cold war. The story now is very similar vs Russia
and Iran. The best way to win a war is to far out spend the bad guys
until they fold with no shots being fired. A strong offensive
capability and willingness to use it (missiles fired at Syria) is the
best defense. Putin and Xi got the message. Putin blew it by favoring
Trump. The last thing he wanted was a much stronger US military and
stronger, capable NATO.
Iran’s
GDP is $439 billion, less than that of 14 states. And now it is
tanking. Obama gave them $150 billion - 34% of their GDP. Iran cannot
compete with US and Israel. Israel is much smaller by population and
has a GDP of $320 billion. With sanctions Trump is imposing, Iran is in
real economic trouble, and cannot afford a war with us, the Sunnis and
Israel.
The
Obama nuke deal just empowered Iran to go on an expansion into Syria,
Iraq, Yemen and Lebanon. Now Israel and the US are pushing back with
the help of the Sunnis. Reimposing sanctions will severely cripple Iran
and they will likely try to attack shipping in the straits and the Red
Sea. It will end very badly for them now that the Sunnis, Israel and
the US are teamed up, the US military is being rebuilt, Sadr is pushing
back on Iran trying to control Iraq, and the Iranian people are
protesting and ready to revolt.
The
entire Mideast situation is going to change by year end when sanctions
go back into effect. Iran will run out of money to continue their
expansion. What is astonishing is Merkel and the EU prefer to try to
get around the US sanctions and trade with Iran instead of cooperating
with us and destroying the regime. And the press thinks Trump acts
badly with the EU??? The EU doesn’t pay for their own defense and they
favor Iran.
The
US economy is on a roll. It will be strong well into 2019 and maybe
into 2020. The stock market will go up. Just be patient. Bond prices
will decline further. All equities will continue to work. They will
resolve trade in the next 90 days. Before November. NAFTA will get
revised. WTO will get revised. Putin is in no economic shape to invade
anyone, or do another Syria. He is now motivated to try to work with
Trump. If oil prices stay around where they are, Russia is hurting. Q3
GDP will be over 3%. This is like under Reagan.
Trump
will bury Putin in military spending and Putin will have to concede on
some issues. It will just take time. It took Reagan three years. If
the result is no pipeline, Russia is in more trouble. Farm products in the
EU will still be a big problem. Macron cannot give in on this and stay
in office. From here on it is all about China, and how Xi can give in
and not lose face.
Bottom
line, a very strong US economy and big defense spending will overwhelm
Russia and Iran. A strong economy, allowing big defense spending,
matters a lot in terms of geopolitics. The price of oil is strategic,
not just economic.
Nicky Haley will be elected president in 2024 She will be the first woman president. Mark it down!
Sunday, August 26, 2018
Pravda - Alive and Well in the U.S.
Driving home Sunday afternoon I was listening to the local radio. What I heard disturbed me.
The voice on the radio was reporting on the outcome of the jury decision of the Paul Manafort trial. A case which was about bank fraud and taxes from twelve years ago and in no way connected with Trump.
Yet, the wording of the report was such that it was leading the listener to make a mental connection to implicating that this jury's findings had potentially negative outcomes for the Trump presidency.
Such is the mode of operations today's MSM is using to propagandize the "outsider" who sits in the White House in Washington, D.C.
Asst. Attorney General, Rod Rosentein, initiated the special prosecutor, Robert Mueller, to investigate the "Russian Collusion" claim against the Trump Campaign and President-elect Donald Trump.
More importantly, Rosentein's language in creating the special prosecutor, gave Mueller - a long time friend of James Comey - a cart blanch directive; spelling out no specific crime or parameters to look for.
As a result, we have Flynn's destruction - even though the FBI investigators believed he never lied - Trump's lawyer, Micheal Cohen, who's sung to the southern District Court of N.Y. as a plea bargain, and now we have Manafort's demise of potentially facing the rest of his life in prison for something completely unrelated to the "Russian Collusion" allegation.
To make my point, check out this email message I received today from a long-time advisor to Donald Trump:
Like I've said in past posts, what is going on here is a two-tiered justice system where volumes of indisputable facts have been uncovered as to the DNC and the Clinton Campaign cooked this whole thing up to use it against anyone associated with Trump in order to convince the public through the media that Trump doesn't belong in the White House because he threatens the Deep State's very existence in power and controlling the national and global agenda going forward.
The voice on the radio was reporting on the outcome of the jury decision of the Paul Manafort trial. A case which was about bank fraud and taxes from twelve years ago and in no way connected with Trump.
Yet, the wording of the report was such that it was leading the listener to make a mental connection to implicating that this jury's findings had potentially negative outcomes for the Trump presidency.
Such is the mode of operations today's MSM is using to propagandize the "outsider" who sits in the White House in Washington, D.C.
Asst. Attorney General, Rod Rosentein, initiated the special prosecutor, Robert Mueller, to investigate the "Russian Collusion" claim against the Trump Campaign and President-elect Donald Trump.
More importantly, Rosentein's language in creating the special prosecutor, gave Mueller - a long time friend of James Comey - a cart blanch directive; spelling out no specific crime or parameters to look for.
As a result, we have Flynn's destruction - even though the FBI investigators believed he never lied - Trump's lawyer, Micheal Cohen, who's sung to the southern District Court of N.Y. as a plea bargain, and now we have Manafort's demise of potentially facing the rest of his life in prison for something completely unrelated to the "Russian Collusion" allegation.
To make my point, check out this email message I received today from a long-time advisor to Donald Trump:
Fellow Patriot,Robert Mueller is coming after me.President Trump’s personal attorney, Michael Cohen, just made a plea bargain with the FBI after months of intense pressure...... and I’m next on the crooked special prosecutor’s hit list because I’ve advised Donald Trump for the past 39 years.I am being targeted not because I committed a crime, but because the "deep state" liberals want to silence me and pressure me to testify against my good friend President Donald J. Trump.Mueller thinks he can “flip” me against the President the way he flipped Michael Cohen!Let me be perfectly clear. I have done nothing wrong. President Trump has done nothing wrong. And unlike some in the President’s orbit, I will NEVER roll on my friend.This is a witch hunt!Let me be perfectly clear; although the fake news media like CNN and MSNBC have harped on a false narrative about me and my support for Donald Trump, Mueller and his band of left-wing partisan prosecutors have found no evidence of Russian collusion or any alleged collaboration with Wikileaks on my part.Now they are examining every aspect of my personal, private, family, social. business and political like to frame me for some non-existent crime to silence me and pressure me to testify against the President as Michael Cohen has done. I am not going to do it.
Roger StoneLadies and gentlemen, this is a clear cut case of legal abuse by the deep state and a propaganda war on those who aren't aware of what's been discovered regarding the actual corrupt source behind it all!
Like I've said in past posts, what is going on here is a two-tiered justice system where volumes of indisputable facts have been uncovered as to the DNC and the Clinton Campaign cooked this whole thing up to use it against anyone associated with Trump in order to convince the public through the media that Trump doesn't belong in the White House because he threatens the Deep State's very existence in power and controlling the national and global agenda going forward.
WA State Supreme Court Ignores Own State Law
With every passing year Washington State elections are becoming more complex and perverted.
Years ago when Senator Dino Rossi ran for Governor against Christine Gregoire, a multiple re-count ultimately resulted in her winning because boxes of ballots were reportedly discovered in the trunk of a car; magically.
Now, with this coming mid-term election - often referred to by many in the media as the most critical one in our nation's history - initiative 1639 has once again become the legal battle.
Ironically, Washington State's Constitution has language which is stronger than our 2nd amendment in our U.S. Constitution. (See Section 24 - Right to Bear Arms.)
Over the spring, when 1639 began collecting signatures, 2nd amendment advocates vocally objected to it failing to follow the state's requirements for text content on the reverse side of the ballot; too small print, no underlining, no strike through of language for the law which would be modified.
A lawsuit was filed and a Thurston County judge declared a freeze be placed on the ballot.
Within weeks, if not days, the State Supreme Court last Friday ruled that the initiative would be on the ballot despite the fact that it did not adhere to the laws for initiatives' print requirements for signers to read and know what they were supporting.
The Second Amendment Foundation's Alan Gottlieb made the decision to file a lawsuit against the state's Secretary of State, Kim Wyman, to which the State Supreme Court declared Gottlieb as having no standing in the initiative issue; only Wyman does.
So, it appears that, with the preponderance of liberal voters in the state, the initiative will pass, which will alter the laws regarding firearms possession, and make existing gun owners liable for crimes by thieves who've stolen a law abiding citizen's weapon from either their home, or vehicle.
Question: How will this change anything for those criminals who acquire black market weapons to commit armed robbery? After all, isn't that the left's end goal with implementing measures like I-1639?
Years ago when Senator Dino Rossi ran for Governor against Christine Gregoire, a multiple re-count ultimately resulted in her winning because boxes of ballots were reportedly discovered in the trunk of a car; magically.
Now, with this coming mid-term election - often referred to by many in the media as the most critical one in our nation's history - initiative 1639 has once again become the legal battle.
Ironically, Washington State's Constitution has language which is stronger than our 2nd amendment in our U.S. Constitution. (See Section 24 - Right to Bear Arms.)
Over the spring, when 1639 began collecting signatures, 2nd amendment advocates vocally objected to it failing to follow the state's requirements for text content on the reverse side of the ballot; too small print, no underlining, no strike through of language for the law which would be modified.
A lawsuit was filed and a Thurston County judge declared a freeze be placed on the ballot.
Within weeks, if not days, the State Supreme Court last Friday ruled that the initiative would be on the ballot despite the fact that it did not adhere to the laws for initiatives' print requirements for signers to read and know what they were supporting.
The Second Amendment Foundation's Alan Gottlieb made the decision to file a lawsuit against the state's Secretary of State, Kim Wyman, to which the State Supreme Court declared Gottlieb as having no standing in the initiative issue; only Wyman does.
So, it appears that, with the preponderance of liberal voters in the state, the initiative will pass, which will alter the laws regarding firearms possession, and make existing gun owners liable for crimes by thieves who've stolen a law abiding citizen's weapon from either their home, or vehicle.
Question: How will this change anything for those criminals who acquire black market weapons to commit armed robbery? After all, isn't that the left's end goal with implementing measures like I-1639?
Friday, August 24, 2018
Liberal Lunacy
A 20-year-old Iowa student was found dead in a cornfield Tuesday
after allegedly being abducted and murdered by a 24-year-old illegal
alien.
And liberals must think we’re the dumbest people on the planet, because now, they’re claiming bad immigration policy didn’t kill Mollie Tibbetts – "toxic masculinity" did.
And liberals must think we’re the dumbest people on the planet, because now, they’re claiming bad immigration policy didn’t kill Mollie Tibbetts – "toxic masculinity" did.
Thursday, August 23, 2018
The Case For Separation of Illegals From Their Children
The following article, shared from an online friend, reveals just how opposite and deceptive the presses' reporting has become in defending the liberal left's agenda regarding this issue.
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Elian Gonzalez being seized by government SWAT team. |
In March of 1993, The United States Supreme Court issued a ruling in Flores vs Reno. (Yes,
Janet Reno, Bill Clinton's first Attorney General who ordered that
young Elian Gonzalez be torn from his parents arms while hiding in a
Miami closet. You might remember the iconic photograph.)
The
Court decided that minors could not be incarcerated with the adults
accompanying them across the United States border illegally. The
decision was the result of a long dispute in how to best care for these
children while the adults were detained for criminal proceedings. You
see, when aliens cross the border illegally, they are normally
incarcerated until their criminal case is decided.
The
understandable argument at the time was why should children be
incarcerated while their parents are in jail. It seemed a fundamental
violation of international human rights. Makes sense, right? As a
result, The Flores case drew a line in the sand. Children could not be
incarcerated with their parents or accompanying adult while being held
for illegal immigration violations. And a subsequent 1997 agreement
stipulated that children must be placed in a safer environment where
they could enjoy certain privileges, including education, a clean, safe
environment and other normal life cycle amenities that incarcerated
individuals do not enjoy.
It
was considered a victory for human rights. By separating adult and
child, we protected the children, reducing any harm done to them for
their parents or accompanying adult's decisions.
A
lot has happened since then. However; bottom line, these juvenile,
shelters have been operating in accordance with the law, and overseen by
the Department of Health and Human Services to protect those children
from the hazards of parental incarceration since 1997.
So,
since Donald Trump was running his real estate empire, selling wine and
casinos in 1993, we are left to determine just how he managed to
orchestrate this cruel separation of immigrant parent and child 25 years BEFORE he was President of
the United States. The obvious answer is, he didn't. He had nothing to
do with establishing this United States immigration policy. Today, he
simply enforces it.
This
one story illustrates how important it is for us to do our research
regarding today's headlines. The Media either refuses to do the
research, is incapable of doing the research or has done the research and decided to lie to you about its findings. Either way, this would make the Media lazy, incompetent or just plain deceptive. Liars, if you will.
Sexual Harassment - the Liberal's Cudgel
There are those men who view women as objects, or trophies, to pursue and control. Clearly, these types should be prosecuted for their effort to utilize their power over women.
And then there are men who think nothing of the sort.
Instead, this second type of men were brought up to be gentlemen who are courteous and considerate of women and to treat them with respect for the key role they play in the social fabric of a civil society.
The only problem for this second category of men in today's liberal feminist world of obsession with doing everything it can to eliminate any vestige of former social norms of how "gentlemen" should act is that they are now being harassed, threatened, and persecuted.
I know... I've encountered this cudgel a few times in my life. My most recent got me terminated because I'd given a female associate a "peck" on the cheek in the joy of the moment of celebrating her 65th birthday... not exactly my idea of an act worthy of pursuing her for sex!
What makes things even worse for "gentlemen" today is that the law specifically states that it is the perception of the receiver of the action or comment, and not the intent of the giver in the exchange between two genders today which constitutes whether "sexual harassment" has occurred.
Now, any male who says to a woman, "My, you look lovely today!" is in jeopardy of being accused of sexual harassment. Where has the civility and decency gone?
It's clearly become a very one sided workplace over-reaction for women. Most large companies are completely paranoid of the legal implications which might arise from one of their female employees filing a lawsuit against them for not act swiftly and firmly. Thanks for nothing, lawyers!
When I heard in my employee training over the more recent years that this was now the case, I realized this was a perversion of the norm and a "perfect weapon" of the left to suppress free expression.
What, I thought, has liberalism become today that claims its ideology is against suppression while doing that very thing through the implementation of sexual harassment laws.
A more recent case of how this cudgel is used is Rep. Manweller's. He's currently dealing with the left's efforts via the #MeToo movement to sully him in the public's eye and oust him from his key role in the state legislature.
It's clear to me that this instance of alleged sexual harassment is nothing more than an attempt to insidiously get him removed in order to install one of their more ideologically aligned professors in his place.
Any thinking individual understands that there are legitimate cases where true sexual harassment occurs, such as the Weinstein case in Hollywood - along with many others who've taken advantage of their position of power and prestige which should be prosecuted, but in my mind, 90% of the claims are clearly frivolous, yet are treated as though it was on a par with actual rape.
And therein lies the real cudgel the feminists seek to exploit in order to feel they're winning.
In my view, it's only eroding the social courtesy that used to be a positive part of a civil society further.
And then there are men who think nothing of the sort.
Instead, this second type of men were brought up to be gentlemen who are courteous and considerate of women and to treat them with respect for the key role they play in the social fabric of a civil society.
The only problem for this second category of men in today's liberal feminist world of obsession with doing everything it can to eliminate any vestige of former social norms of how "gentlemen" should act is that they are now being harassed, threatened, and persecuted.
I know... I've encountered this cudgel a few times in my life. My most recent got me terminated because I'd given a female associate a "peck" on the cheek in the joy of the moment of celebrating her 65th birthday... not exactly my idea of an act worthy of pursuing her for sex!
What makes things even worse for "gentlemen" today is that the law specifically states that it is the perception of the receiver of the action or comment, and not the intent of the giver in the exchange between two genders today which constitutes whether "sexual harassment" has occurred.
Now, any male who says to a woman, "My, you look lovely today!" is in jeopardy of being accused of sexual harassment. Where has the civility and decency gone?
It's clearly become a very one sided workplace over-reaction for women. Most large companies are completely paranoid of the legal implications which might arise from one of their female employees filing a lawsuit against them for not act swiftly and firmly. Thanks for nothing, lawyers!
When I heard in my employee training over the more recent years that this was now the case, I realized this was a perversion of the norm and a "perfect weapon" of the left to suppress free expression.
What, I thought, has liberalism become today that claims its ideology is against suppression while doing that very thing through the implementation of sexual harassment laws.
A more recent case of how this cudgel is used is Rep. Manweller's. He's currently dealing with the left's efforts via the #MeToo movement to sully him in the public's eye and oust him from his key role in the state legislature.
It's clear to me that this instance of alleged sexual harassment is nothing more than an attempt to insidiously get him removed in order to install one of their more ideologically aligned professors in his place.
Any thinking individual understands that there are legitimate cases where true sexual harassment occurs, such as the Weinstein case in Hollywood - along with many others who've taken advantage of their position of power and prestige which should be prosecuted, but in my mind, 90% of the claims are clearly frivolous, yet are treated as though it was on a par with actual rape.
And therein lies the real cudgel the feminists seek to exploit in order to feel they're winning.
In my view, it's only eroding the social courtesy that used to be a positive part of a civil society further.
Wednesday, August 22, 2018
This Is Justice?... According to Liberal Judges It Is!
With all that's going on with the leftists and media's "witch hunt" to take down Pres. Trump, one of the more interesting stories regarding the last presidential election has faded into the background, if not been totally forgotten. The MSM certainly won't bring it to anyone's attention.
Remember the IT aide for the DNC's congressional leader, Rep. Debbie Wasserman-Schultz, Imran Awan? You know, the one accused of money laundering, hacking into Congress's server and downloading truck loads of data to send it to a foreign middle-eastern country, but was caught at the airport attempting to flee the country with lots of cash?
Well, a liberal judge has decided in his case that he's "suffered enough already" and is letting him off the hook. For details on this injustice, check out this article explaining the case.
This is what liberal justice looks like for those supporting crooked liberal congresswomen who kept him on the congressional payroll for months after he'd been arrested.
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