The most important thing people missed from yesterday's trade agreement with the EU is that Trump's end goal is elimination of all tariffs

The most important thing people missed from yesterday's trade agreement with the EU is that Trump's end goal is elimination of all tariffs

Politics and geo-politics are anything if not ironic.  And we saw this play out again yesterday following the positive outcome and remarks made between the EU's Jean-Claude Junker and President Trump after three hours of trade talks.

Heading into yesterday's discussions, both the U.S. and the European Union were prepared to immediately institute tariffs on automobile exports as analysts and pundits continued to ignorantly promote a trade war scenario as a means to try to vilify the President.  However the reality that appears to have been overlooked by the mainstream propaganda media is that from the beginning, Trump's end goal has always been the elimination of all tariffs, not the implementation of them.

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Pompeo Testifies, Affirms No Crimea Recognition, Neocon Senators Push Sanctions on Russian Sovereign Debt

Pompeo Testifies, Affirms No Crimea Recognition, Neocon Senators Push Sanctions on Russian Sovereign Debt

Those who watched Secretary of State Mike Pompeo’s testimony to the Senate on Wednesday about the content of the President’s meeting with Russian leader Vladimir Putin could be forgiven for thinking nothing has changed in U.S.-Russia relations. Sen. Robert Menendez (D-NJ), who is co-authoring legislation with Sen. Lindsey Graham (R-SC) to increase sanctions against Russia including targeting investors in the Eurasian country’s sovereign bonds led the questioning of Pompeo.

To the Secretary of State’s credit, Pompeo defended Trump’s prerogative to meet one on one with Putin and just their translators in the room as hardly unprecedented for great power summits. He also emphasized that U.S. policy with regards to non-recognition of Crimea’s accession to the Russian Federation and the Ukraine sanctions had not changed as a result of the Trump-Putin meeting. What has changed is the deep state’s recognition of defeat in Syria and constructive talks between Moscow, Washington and Tel Aviv on ending the conflict in that country — despite the provocative Israeli shoot down of a Syrian Air Force jet along the Golan Heights.

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Fireworks Begin At NATO As Trump Prepares For Putin Summit

Fireworks Begin At NATO As Trump Prepares For Putin Summit

President Trump continued his demands on the NATO countries to pay their agreed share for the defense of Europe, but the question should be: defense against whom? Trump has not, as yet, repeated his charge issued during the election campaign in 2016, when he said NATO was "obsolete" and "disproportionately" too expensive, and that terrorism was the primary concern. But he has insisted, repeatedly, that "it is a good thing to be friends with Russia and China." Certainly being friends with Russia and China should render NATO obsolete.

Trump recognizes that Russia is no threat to Eastern or Western Europe, nor any other nation, and refused to characterize Russia as a "foe" on his way to the NATO summit. He has also repeatedly noted that Russia is playing a crucial part in countering terrorism, especially in Syria.

Trump's effort to establish friendly relations with Moscow, starting with the historic summit with Putin next Monday in Helsinki, is driving the British and British assets nuts.

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De-dollarization reaches Europe as France, Germany, and UK to defy U.S. in continuing trade with Iran

De-dollarization reaches Europe as France, Germany, and UK to defy U.S. in continuing trade with Iran

Unlike a decade ago when the world as a whole was in lockstep for the sanctioning of Iran over its nuclear program, that is no longer the case following President Trump's decision to scuttle the 'Iran Deal' negotiated by his predecessor in the White House.  And as the U.S. has begun implementing new sanctions against the Middle Eastern OPEC nation, France, Germany, and even the UK have decided not only to defy Washington in continuing trade with Iran, but are also planning to do so outside the dollar.

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The Sirius Report with London Paul 07-09-2018

The Sirius Report with London Paul 07-09-2018

The Sirius Report’s London Paul returns to the RogueMoneyRadio program for a discussion with V and CJ of Brexit turmoil (Foreign Minister Boris Johnson’s resignation was announced minutes before the show), the death of a British woman from alleged novichok nerve agent poisoning, and other news of the week. — JWS

You can listen to London Paul's latest guest shows on RogueMoneyRadio and support The Sirius Report by subscribing here.

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Breaking EU and Merkel's Downfall

Breaking EU and Merkel's Downfall

Former East German Stasi informant Angela Merkel’s Atlanticist hailed political career appears to be on its last legs. Leading members of the Bavarian Christian Social Union (CSU) led by her Interior Minister and the former Bavarian President Horst Seehofer are threatening to break up their decades-old coalition with Merkel’s Christian Democrats (CDU). Seehofer is openly undermining Merkel by working with the conservative Austrian government to tighten restrictions on asylum seekers and with Italy’s new 5 Star-Lega Nord governing coalition, which is determined to turn back migrant boats in the Mediterranean.

Merkel’s reported downfall is coming after Trump defied her and the (post)Western G7 consensus, allegedly tossing Starburst candies at the ‘Chancellor of the World’ and mockingly telling Mutti with a jerkboy smile, “Don’t say I didn’t give you anything Angela”. The Starburst tossing story from Ian Bremmer could be #fakenews — much like the images Americans have been bombarded with in the last few days of mainstream media fanned outrage over children who, in all too many cases, were shipped by their parents across the U.S.-Mexico border with people smuggling coyotes rather than being cruelly ripped from their mothers arms to be placed in cages. But it makes the point to polarized Trump haters and #MAGA men alike, that it’s a new day.

The President appears to believe, with the glaring exception of Israel, the United States no longer has permanent allies, only (to paraphrase the late Lord Palmerston of the 19th century British Empire) abiding interests. Like red-pilled “men going their own way” in response to the long term decline in solid employment and the perceived raw deal of modern marriage, Uncle Sam led by Donald John Trump is going his own way. And that journey begins with, as many Russian observers have figured out inspired by the American alternative media, taking steps to shore up the dollar at the other nations’ expense, including through cannibalizing the greenback’s younger sister in the global reserve currency family, the euro.

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This Is the Moment for Change

This Is the Moment for Change

Two events of the day point the way for how the New Silk Road paradigm is the means to overcome what is currently being whipped up in the Trans-Atlantic as inevitable, insoluble strife: the migrant crisis and trade war.

In the Americas, Bolivian President Evo Morales met in Beijing today with President Xi Jinping, and signed commitments for Belt and Road collaboration between Bolivia and China. Morales said it will mean economic development and peace throughout the continent. Also in China, is a delegation from the Dominican Republic, conferring on economic projects and business in the Caribbean. Generalized across Ibero-America, this activity--along with defeating the narco-criminals--can end the poverty and danger driving millions to flee their homelands. At present, 200 million out of the 650 million-plus people in Ibero-America and the Caribbean live in poverty, which can all be changed.

Secondly, the Japanese government is now working on specifics for first-ever cooperation with China on joint ventures in third countries, under the Belt and Road framework. Prime Minister Shinzo Abe this week spoke of how Japan's "infrastructure exports" can be done on a collaborative basis. A task force is at work on selecting priority projects. This is a powerhouse arrangement.

Photo: Chinese President Xi Jinping (R) shakes hands with Bolivian President Juan Evo Morales Ayma during a welcoming ceremony at the Great Hall of the People in Beijing, capital of China, June 19, 2018. Xi Jinping held talks with Juan Evo Morales Ayma on Tuesday. (Xinhua/Li Xueren)

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City of London's Foolish Coup Against Italy Will Hasten a Financial Crash

City of London's Foolish Coup Against Italy Will Hasten a Financial Crash

The London-centered eurodollar elite have just used Italy's State President to block its democratically elected majority government from taking office, effectively carrying out a coup against Italy.

Now, can any doubt remain, that British intelligence circles and European Union elites simply refused to accept Donald Trump's election as U.S. President, and started a drive which still continues, to force him out of the White House?

Both Italians and Americans committed the same offense, of electing a government, or a President, who defied British geopolitics by wanting great-power cooperation with Russia and China, and who refused to follow orders and "market rules" of City of London financial powers' on economic policy.

See also: No, John Bull, the Markets Do Not Supersede Humanity

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Another European Central Bank (ECB) Coup in Italy

Another European Central Bank (ECB) Coup in Italy

May 28, 2018 (EIRNS)—What happened last weekend in Italy can be fairly described as a coup. The coup executor was State President Sergio Mattarella, but the string-puller is the European Central Bank. Typical of the general media coverage, the German economic daily Handelsblatt applauds Mattarella: “Italy’s State President Did It Right—Forza Mattarella!” Handelsblatt talks about the political chaos which has dominated Italy for weeks, neglecting the chaos that has dominated Germany for months. “Sergio Mattarella has fully used the power of his office and the Constitution and has prevented a populist coalition in Italy.” (“Forza Mattarella!” is like a sports cheer: “Go Mattarella!”)

The daily Il Giornale reports a confidential statement by Matteo Renzi, former Prime Minister (2014-2016) to a collaborator, saying, “In these days, Mattarella very much listened to Draghi and Visco,” referring respectively to the ECB president and Bank of Italy governor.

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Powers That Be stick it to Italian populist movement by inserting banker technocrat as Prime Minister

Powers That Be stick it to Italian populist movement by inserting banker technocrat as Prime Minister

So much for fair elections and the will of the people in Italy.

Following the formation of a coalition government which was led by two anti-EU and anti-Euro political parties, the entire new government was scuttled over the weekend when President Sergio Mattarella disbanded it just weeks after its formation and inserted a former IMF banker as interim Prime Minister.

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Italy's new government threatens alot of chaos for the EU, including voting no during next renewal for Russian sanctions

Italy's new government threatens alot of chaos for the EU, including voting no during next renewal for Russian sanctions

While the UK's vote to leave the EU was a historic milestone for the Continental coalition, in the end it has done little to change the landscape of unelected rule by bureaucrats residing in Brussels. But following Italy's recent elections and their ability to install a completely different government that is both anti-euro and anti-EU, the Southern European country has the power to create great chaos for the entire Union.

This is because under the EU charter, most major policies must be achieved through a unanimous vote.  And while there was great hope a few years ago that Greece would become this change agent following their installation of the Syriza government, this was quickly negated by the Troika's ability to hold much needed loans over their heads and force them to vote in lockstep with France and Germany.

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Italian Coalition ‘Contract’ Is Declaration of War against EU and Its Austerity Policy

Italian Coalition ‘Contract’ Is Declaration of War against EU and Its Austerity Policy

Ever since the U.S. and UK demanded the EU impose sanctions after Crimea’s reunification with Russia in 2014, Italy’s agriculture, fashion and manufacturing industries have chafed under the burden. After Moscow imposed counter-sanctions that hurt Italian cheese and produce exports to Russia, the already weak southern EU economies have suffered tens of billions in lost trade with the Eurasian giant to the east, while Germany has continued to experience modest growth and increased its Russian gas imports. Now at the very moment the EU core states of France and Germany are making noises about the bloc defying American sanctions being reimposed against Iran, the Italians are forming a new governing coalition that is calling for dropping the European Union’s trade restrictions with Russia…

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Trump's Iran Deal gambit may soon lead Europe to dump the Petrodollar

Trump's Iran Deal gambit may soon lead Europe to dump the Petrodollar

Over the past 10 days or so there have been two events engineered by President Trump which are threatening to tear apart the fabric of U.S. - European relations.  And these events are the moving of the U.S. Embassy in Israel to Jerusalem, and the President tearing up the JCPOA (Iran Deal).

And while the first of these actions may end up simply spawning rhetorical outrage in Brussels or on the floor of the U.N., the second could be much more disastrous for Washington as European leaders appear ready to throw all caution to the wind by ignoring potential U.S. sanctions and change to purchasing oil from Iran in Euros.

This means in layman's terms that Europe would be the next bloc to dump the Petrodollar.

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As EU Countries Balk at New US Sanctions/Metals Tariffs, Russia and China Plot to Further Undermine King Dollar

As EU Countries Balk at New US Sanctions/Metals Tariffs, Russia and China Plot to Further Undermine King Dollar

Last week Russian oligarch Oleg Deripaska reportedly agreed to sell his ownership stakes in Rusal, one of the world’s leading aluminium producers, in exchange for reprieve of U.S. Treasury Department sanctions against the conglomerate. As the Financial Times reported, “The sanctions against Rusal have shut off 8 per cent of the world’s aluminium supply since they were introduced this month. Rusal is the world’s second-largest aluminium producer and the largest outside China, with output of 3.7m tonnes a year.”

Left out of this aluminum shut off story has been the turmoil in global metals supply chains caused by the American sanctions, which compared to the individual specific measures announced after Crimea rejoined Russia in 2014, have significantly more bite. However it isn’t just the Russians but also the Europeans, and raw materials miners as far afield as Australia, Africa and South America who will feel bitten from the latest escalation in American economic warfare. It is likely European aluminum importers’ concerns and not just Russian requests for clarification and modification of the sanctions which have delayed — but not blocked — their implementation. The fact that Deripaska paid Beltway bandit turned brief Trump campaign manager Paul Manafort millions as well as (and less covered by the Trump-loathing press) Hillary Clinton crony Adam Waldman for years to establish businesses and unsuccessfully lobby on his behalf complicates matters.

Despite being cleared by the Republican-led House Intelligence Committee from what was an Anglo-American deep state hoax to begin with, the lingering toxic cloud of Russiagate means the Trump Administration continues to posture as tougher on Russia than its predecessor. Moscow can expect the economic war to escalate, as an alternative for Washington to kinetic hostilities with the Russians or Iranians that would run the politically unacceptable risk of military prestige-crumpling losses. Nonetheless, in Paris, Brussels and Berlin, the ‘coincidence’ of Washington seeking to trash Russia’s aluminum exporting powerhouse at the same time the Americans threaten to throw up tariff barriers to EU aluminum and steel cannot be dismissed as anything other than economic warfare against the Continent, under the guise of Cold War 2.

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GDPR Seeks To Revolutionise Data Privacy In Favour Of The Consumer

GDPR Seeks To Revolutionise Data Privacy In Favour Of The Consumer

Recent revelations with respect to Facebook have brought the issue of personal data and privacy sharply into focus. In what is seen as a dynamic shift in the balance between data, the consumer and the platform provider, we note that on 25th May, a new European privacy law comes into affect which will impose restrictions on how personal data is collected and disseminated.

The regulation named, General Data Protection Regulation or GDPR, seeks to ensure that users know, understand, and consent to their data being collected, Furthermore, the old days of the obligatory fine print and users being forced to consent in order to sign up are coming to an end.

You can listen to London Paul's latest guest shows on RogueMoneyRadio and support The Sirius Report by subscribing here.

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British MI6 Produced Indictments of Trump Campaign Advisors, Opening War on Trump

British MI6 Produced Indictments of Trump Campaign Advisors, Opening War on Trump

On Tuesday, March 27, 2018 The Spectator, one of the oldest magazines in Great Britain, announced that British intelligence had declared a 'counter propaganda war' against Russia. On the other side of the Atlantic, the Trump friendly conservative Daily Caller revealed that former campaign aide George Papadopoulos had received money and paid travel from a British citizen with ties to CIA and MI6 encouraging him to tell what he 'knew' about 'hacking the emails from Russia'. Despite months of Papadopoulous cooperating with independent counsel Robert Mueller's investigators and MSM reporting, there is still no proof presented that Papadopoulos knew anything about the breach of the Democratic National Committee (DNC) in advance -- a breach Veteran Intelligence Professionals for Sanity (VIPS) and independent cyber researchers have confirmed was an inside (flash drive download) job.

Unfortunately under massive pressure from the media and bipartisan deep state establishment in D.C. to prove that he can 'get tough' on Russia, President Donald Trump ordered the closure of the Russian consulate in Seattle, Washington and the expulsion of 60 diplomatic personnel. Moscow has vowed to respond to this and is likely to close either the U.S. consulate in Vladivostok or Yekaterinburg and expel 60 Americans in tit for tat retaliation. Other NATO/EU countries plus Australia -- have expelled Russian diplomats. However, thus far Austria and many southern European nations as well as Turkey have refused to join in the U.S./UK ordered expulsions.

The poisoning of British agent and former GRU intelligence officer Sergei Skripal and his Russian citizen daughter Yulia remains shrouded in mystery, with London offering scant or at times contradictory versions of how and where the father and daughter received a nearly lethal dose of alleged novichok nerve agent. Escalating Cold War 2 on the basis of accusations but without presenting any proof is the British policy now being foisted on the Trump Administration. -- JWS

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The Daily Economist Update for March 2, 2018 - Finance and Economics Report

The Daily Economist Update for March 2, 2018 - Finance and Economics Report

Ken "the Shotgun Professor" Schortgen Jr. talks the Trump tariff on steel and aluminum, Fed jawboning and the markets. Ken discusses the European Union (EU)'s hypocrisy on trade, China's growth at U.S. expense boosted by import and duty taxes, and domestic subsidies the World Trade Organization (WTO) ignores because it is a globalist organization dedicated to offshoring American industry. -- JWS

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Tremonti Warns of Another Crash

Tremonti Warns of Another Crash

As longtime RogueMoney readers and listeners know, there's a reason the powers that be are amping up racial and red state vs. blue cities/urban/rural divide tensions. Whether the fights are about Confederate statues few black or white paid attention to before or the legacy media's demonization of President Donald Trump from 'Putin's puppet' to Klansman/'Nazi'/'White Nationalist': it's all a big distraction from the American and western economies coming apart.

Even Germany the star performer and outlier is slowing down under the weight of general EU stagflation exacerbated by sanctions designed to fuel FUD and wreck trade with Russia -- though the mainstream media are generally downplaying signs of slumping German growth or stagnation to boost Chancellor Angela Merkel's reelection to a 4th term. The Canadian and Australian housing bubbles pumped up by easy money and Chinese buying sprees are popping. Commercial real estate followed by the rent is too damn high bubble in the U.S. are certainly next. 

The central bankers know it's game over for the Fed put extend and pretend game they've played since 2008 -- hence the rumors of war with North Korea abroad and attempts to whip people into genuine fear of a second Civil War at home. -- JWS

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