Billions of dollars of German auto manufacturing (assembly) investment in Mexico were just vaporized by President Trump.
This is a very big kick in the teeth to Germany. Previously in a long-term strategy to avoid U.S. tariffs, German automakers invested billions in auto assembly plants in Mexico. Ex. the BMW parts were shipped from Germany and the cars assembled in Mexico. Now that investment is worthless as the vehicle will be taxed at a rate of 25% regardless of whether it is assembled in Germany or Mexico.
It cannot be overstated how big a hit this will be to the German economy specifically. That’s why EU President Ursula von der Leyen is couching her words very carefully.
Germany drives the economic engine of the EU, and the Germans care about their money far more than they care about the security of Ukraine.
“As I have said before, tariffs are taxes – bad for businesses, worse for consumers equally in the US and the European Union,” European Commission President Ursula von der Leyen said in a statement. “We will now assess this announcement, together with other measures the US is envisaging in the next days.”
The EU outlook, specifically financial support, toward the EU/NATO Ukraine strategy will change in 3.... 2....1....
Next up, in late 2023 the Chinese auto firms carrying the Blackrock investment money, then made big announcements.
“BUSINESS INSIDER – Three major Chinese EV companies are planning to build new factories in Mexico, sparking concern among US officials, according to a new report. MG, BYD, and Chery are all looking at sites to build new factories in the country, according to unnamed sources cited by The Financial Times, and this investment is causing angst in Washington.”
The total investment in Mexican auto plants, specifically to build Electric Vehicles (EVs) for the USA market, exceeds $5 billion. A very big investment.
(1) The interests of Blackrock determined the Biden White House key staff and policy makers. (2) The Donilon clan represented those Blackrock interests and worked inside both the Biden White House and State Dept to create and maintain policy favorable to Blackrock’s Chinese EV position. (3) China/Blackrock invest massively in Mexican EV production. (4) White House/EPA then generated policy to support the Blackrock investment.
That’s how the three Chinese auto firms could be so sure of their decision in 2023 to invest in the Mexican Blackrock EV plan. The one that President Donald Trump rightly says will create a “bloodbath” in the U.S auto industry.
It is not the politicians; it wasn't Biden, they are mere functionaries.
What I am saying directly is that Blackrock was the origin of the policy, and Blackrock was planning to be the beneficiary of the Biden policy they helped create.
This is what I mean when I keep saying, “there are trillions at stake,” and “it’s not simply the politicians we should be looking at.”
President Trump steps in and America First begins cutting each of those financial tentacles. K-Street is apoplectic. Imagine how much anger is within the Board of Blackrock right now?
Trillions at stake. This example is only their investment in China, surfacing in Mexico, now destroyed by President Trump.
What would they be willing to do?
Now look at where Blackrock investment has been pre-deployed, and that’s where you see Biden policy coming into play. Blackrock and JPMorgan set up the Ukraine reconstruction bank.
That’s the core of the current Ukraine issue. It’s not ideological, it’s financial. Follow the money.
The U.S. government didn’t construct the Russian sanctions, Blackrock did!
Blackrock lays the foundation with the construction of Russian sanction policy. Biden Treasury executed the plan. It's not ideological, it's financial.
RELATIONSHIPS – Larry Fink (Blackrock) and Jamie Dimon (JPMorgan) created the Ukraine Reconstruction Bank. Now, there are only two real threats to the creation of a US-CBDC as it currently appears. Threat #1 is Donald Trump. Threat #2 is the way people would work around the dollar based CBDC, unregulated crypto currency.
Who opposes crypto currency?
“I’ve always been deeply opposed to crypto, bitcoin, etc.,” Dimon said in response to a question from Sen. Elizabeth Warren, D-Mass. “The only true use case for it is criminals, drug traffickers … money laundering, tax avoidance because it is somewhat anonymous, not fully, and because you can move money instantaneously. “If I was the government, I would close it down.”
Can you see it now?
It's critical people understand what is going on.
All of the underlying motives for everything we have seen geopolitically, are interconnected financial benefits to a very small group.
German automotive suppliers have more than 330 locations in Mexico [according to German car lobby VDA].
EXAMPLE OF IMPACT - When the 25 percent tariff goes into effect, Audi (a subsidiary of Volkswagen) has no U.S. production sites.
The Audi brand access to the U.S. market is 100% dependent on Mexico, including for manufacturing the Q5 SUV, its top-selling U.S. model.
Volkswagen’s most popular model for American consumers is the Tiguan, an SUV that is entirely manufactured in Mexico. The German automaker sold over 30,000 of the vehicles in the final quarter of last year, a nearly 50 percent year-over-year increase.
But wait, it gets worse....
French-Italian-American automaker Stellantis is the most exposed of Europe’s automakers as it makes Jeep and RAM models in Mexico.
The tariffs will make European automakers’ Mexican factories completely redundant. They could make them in Germany for the same tariff impact. Making them in Mexico is now useless.
They were only being made/assembled in Mexico to gain access to the U.S. market without tariffs.
This will force all EU automakers to shift production to the U.S. There could also be an explosion in UAW membership depending on where in the USA the EU car companies end up manufacturing.
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"...[...] in 1962, Congress delegated to the President the power to take action to adjust imports when the Secretary of Commerce finds that an “article is being imported into the United States in such quantities or under such circumstances as to threaten to impair the national security.” Trade Expansion Act of 1962, Pub. L. No. 87-794, § 232(b), 76 Stat. 872, 877 (codified as amended at 19 U.S.C. § 1862(c)(1)(A)). This delegation is conditioned upon an investigation and findings by the Secretary of Commerce, and agreement by the President. See id. Section 301 of the Trade Act of 1974, as amended, requires that the U.S. Trade Representative (“USTR”) take action, which may include imposing tariffs, where “the rights of the United States under any trade agreement are being denied” or “an act, policy, or practice of a foreign country” is “unjustifiable and burdens or restricts United States commerce.” 19 U.S.C. § 2411(a)(1)(A)–(B). The USTR may impose duties also where the USTR determines that “an act, policy, or practice of a foreign country is unreasonable or discriminatory and burdens or restricts United States commerce.” Id. § 2411(b)(1). This power is conditioned on extensive procedural requirements including an investigation that culminates in an affirmative finding that another country imposed unfair trade barriers under § 2411(a)(1)(A) or (B) or § 2411(b), and a public notice and comment period. See id. § 2414(b)."...
This is one reason why the ruling can be overturned. The Sec 301/302 investigation was completed by the USTR, with extensive citation.
The court literally ignored the USTR investigation, AND the Dept of Commerce review and investigation of the same based on the USTR published findings.
This ruling will not pass inspection by a higher court, and as to the motive of the 3-judge panel.... follow the $$$, there are trillions at stake.
This is a ruling to the benefit of the multinationals.
1. The original agreement between Clinton and Obama going back to 2008 was for Obama to take the nomination, the presidency and then eventually support Hillary Clinton’s 2016 election bid.
Obama would be President. Obama would appoint Clinton to Secretary of State, Hillary would then use her office to build wealth for herself and her family, and then HRC would exit the Dept of State to begin her presidential run.
John Podesta would enter the Obama administration as Hillary left in 2013. Podesta would look out for Hillary’s interests from his position inside the Obama White House. The Clintons and Obamas never fully trusted each other.
Barack Obama would put all the mechanisms into place that would transition his administration into Hillary Clintons’. That was always the plan running in the background.
2. In 2015 Hillary Clinton and Barack Obama had a check-in meeting; just touching base to firm up the goals and objectives as Hillary began her campaign launch. Podesta left the White House to take up position inside the campaign, and Team Obama would maintain Clinton’s interests as planned without an insider.
All of President Obama’s appointments in after 2015, were essentially through the prism of assisting Hillary Clinton to win in 2016. Attorney General Loretta Lynch (tarmac meeting), Deputy AG Sally Yates, Deputy FBI Director Andrew McCabe and FBI Director James Comey were all part of that.
This is a key point missed by many. In the last two years of Obama, the cabinet and top-tier members of the administration would align their institutional interests to that of Hillary Clinton.
Technically Hillary had eyes and ears all over the White House at the time, and with Hillary Clinton being a foregone conclusion per the expectations of Washington DC, everyone would fall in line during the transition from Obama to Clinton.
Again, this was the general plan. Obama would show up in 2016 to campaign for Hillary and all would be seamless.
3. The FBI was aware of the plan for transition from Obama to Clinton, hence their role in eliminating the threat later presented by the Clinton, as Secretary of State, laptop scandal and the subsequent issues of classified information.
Remember, Clinton’s motive as Secretary of State was to sell her position for material wealth; that’s why she used a personal email, maintained her own servers, and generally controlled how her activity could be monitored and tracked. [Also, she didn’t fully trust Obama]
The FBI activity was to support, defend and facilitate the Clinton effort. This is again a key to understanding "Russiagate"...
After March 2016 (Super Tuesday) it became obvious Donald Trump was going to win the Republican nomination. Trump would be Clinton's opponent.
Using access to the NSA database, the U.S. Govt., specifically "FBI Contractors", began doing political surveillance of Donald Trump's campaign. This intel was then sent to the Clinton team. Clinton would benefit from knowing the communication inside the Trump campaign. All of that intel was in the metadata captured by the NSA and searched by the FBI contractors.
All of this activity was political surveillance, using govt resources to feed the Clinton team the info.
1. OK lawyers, hear me out on my plan to address lower court 'nationwide injunctions' (or TROs) and tell me the flaw.
How about, before any lower court can issue a "nationwide" injunction, they have to get permission or approval from the SCOTUS Justice that presides over that region?
2. That singular justice decision (if approved) is then scheduled for a full SCOTUS review every-other-Friday.
[They can work out the communication structure by themselves, even using skype or similar]
Any nationwide injunction issued -hopefully fewer- would be approved by a SCOTUS justice, and then eventually reviewed by the full court.
3. Yes, that means some DEI justices (Sotomayor, Jackson, Kagan), would likely approve regional injunctions. However, the ruling only applies to that region, not nationally.... Until full court approval.
Yes, in the issue of criminal illegal aliens, it essentially means that some regions would be unsafe as deportation processes would be stalled, while in the other regions the repatriation could continue without the TRO applying.
1. The absolute key to the first quarter GDP result is to remember that ‘imports‘ are a deduction in the economic equation of Gross Domestic Product. The GDP is the valuation of all goods and services produced in the USA *minus* the value of imports.
2. The Bureau of Economic Analysis (BEA) releases the results of the first quarter GDP. The overall economic growth seems low at 0.3% until you look at how U.S. companies responded in February and March to the tariff announcement.
Companies proactively purchased massive amounts of products in advance of the tariffs leading to an overall increase in imports of 41.3%. Which results in a 5.3% deduction to GDP. Every dollar of those imports is a deduction to the GDP equation, giving the false appearance of lower domestic production.
3. There was a massive surge in import goods purchases of 50.9% versus the prior period [Table 1, line 20]. That’s the largest periodic increase in import purchases I have ever seen. Simultaneously, fixed asset investment in equipment for domestic production surged 22.5% [Table 1, line 11].
Put both of these metrics together and what you see are U.S. companies building consumer inventory from overseas (imports) while simultaneously preparing themselves to shift production into the USA.
The massive import purchases are a bridge to cover the time needed to shift the manufacturing from overseas to the USA. This is exactly what we want to see.
1. I'm getting hit with a lot of newly awakened people wondering about AG Pam Bondi; wondering if the stuff from her old days surfacing is accurate.
I will try to encapsulate and provide receipts. The issues with Pam Bondi are much more serious than most understand.
Pam Bondi was the Florida Attorney General during the incident when George Zimmerman shot Trayvon Martin.
“When I worked with Governor Scott to appoint State Attorney Angela Corey to the case involving Trayvon Martin, I did so with the full confidence that a swift and thorough investigation would be conducted."
2. On the evening of February 26, 2012, in Sanford Florida, George Zimmerman fired one shot into the heart of 17-year-old Trayvon Martin, fatally killing him.
The Sanford Police lead investigator into the shooting was Chris Serino; the Police Chief was Bill Lee, and the local prosecutor was Norm Wolfinger.
Detective Chris Serino questioned and investigated George Zimmerman, who used a traditional “self-defense” justification for the shooting. Eventually the case went to trial and the same “self-defense” justification was used in court. Despite what you might have heard in the media, it was never a “stand your ground” defense. It simply was not needed.
In addition to questioning Zimmerman, Serino documented two eye-witnesses to the shooting. One woman in an apartment who saw the initial encounter between Trayvon Martin and George Zimmerman, and another eye-witness, a man in an adjacent apartment who saw and partially recorded, the entire confrontation as it unfolded on the pathway approximately 20 feet from him.
The second witness called 911 and described in real time what he was seeing. Trayvon was straddling George in an “MMA style” position and slamming Zimmerman’s head into the sidewalk. During the 911 recording you can hear Zimmerman calling out, “help me; somebody help me.” [NOTE: Both of those witnesses as well as the recording were later buried but came out at trial.]
After a thorough investigation, all of the statements by George Zimmerman were corroborated by the eye-witnesses, the forensic evidence, the audio recording, and all the physical evidence found at the scene. Detective Chris Serino gave his investigative report to Police Chief Lee along with the recommendation that Zimmerman’s claim of self-defense was valid and justified. Serino and Lee then consulted with prosecutor Norm Wolfinger who reviewed the evidence and agreed.
3. Trayvon's father, Tracy Martin, was in a new relationship with his girlfriend Brandy Greene. Ms. Greene was a corrections officer.
Ms. Brandy Greene was eventually put into contact with a Florida “civil rights lawyer” named Benjamin Crump. After some back-and-forth positioning and discussion, Crump decided to champion a wrongful death case for the Martin family against George Zimmerman, the City of Sanford and the Sanford Police Department.
Benjamin Crump hired a PR firm run by Ryan Julison to create media pressure. Using his civil rights contacts, Crump requested support from groups like Al Sharpton, Dream Defenders, and allies in the DOJ. That approach led to AG Eric Holder and eventually President Barack Obama.
Additionally, having worked previously (2007) with Florida prosecutor Pam Bondi in the Martin Lee Anderson case, Benjamin Crump called the now Florida Attorney General Bondi for support.
The detective (Serino) sided with George Zimmerman. The Police Chief, Bill Lee, agreed with Serino and the evidence. The local Sanford prosecutor (Norm Wolfinger) refused to bring a case against Zimmerman based on the evidence.
…. Enter Florida AG Pam Bondi, who told Florida Governor Rick Scott a special prosecutor was needed for her friend Ben Crump.