What is the agenda

For the constant flow of bullshit from Obama and mainstream media.

The western mainstream media do not ‘hire’ journalists – they hire lapdogs – and that is a big problem.

A color revolution underway in America – and I do not see the ordinary Americans just accepting this on face value – but they will be force fed fake news – in an effort to disrupt and divide.

 

The Great Distraction

image

Okay – reality has set in and I have run out of popcorn.

What a brilliant distraction Trump turned out to be – it was great – a purple shit-storm – of immense proportions and it is continuing – yes to name a few ‘storms’ from the hundreds performed – attempted inauguration disruptions – a women being removed from a plane because she could not stop berating a Trump supporter – and not to forget the ‘women’s march’ – being a total farce and spearheaded by Madonna – a foul mouthed idiot past her prime – as to the other ‘non government organizations’ present – some 50 funded by George Soros – it was obvious through the tone and intent that the locker-room banter by Trump – is never to be forgotten.

Just wonder whether these women ever mentioned to their girlfriend(s) a remark regarding a male stud – got drunk and let something slip – purity is akin to godliness – yet – to err is human.

Now – I gave Trump the benefit of doubt – in other words – ‘actions speak louder than words’ – however a lot of words and a few actions on the economy overall – his words or tweets however – did have the desired short term affect.

First though – we go to the inauguration speech – this brilliantly inflamed Germany’s left wing press declaring it a ‘Declaration of War’ – not quite what they expected – and other countries and leaders obviously were not impressed – at the tone therein – of ‘Make America Great Again’ – so it befits the occasion to compare the speech to another country leader – who sprouted the same rhetoric – one Vladimir Lenin – to the Bolsheviks – nearly 100 years ago – no wonder Moscow was impressed.

 

Yes Lenin’s speech – is very similar and when I read the context of Trump’s speech I swore it was the same speech writer – and no wonder the right chord was hit with the Russians.

It appears that the western mainstream media – overlooked the content and scope and similarities of both speeches – thereby allowing lay people to relax – as to Trump’s apparent plagiarism on ‘the factories – for the people – are the people’s’ – and the similarities of office in that Lenin’s speech was written in a house in Finland – to the Bolsheviks who survived on porridge and black bread – most destitute and homeless – and a billionaire in the White House addressing 25 million unemployed and a population morally destitute – after Obama instigating class warfare for the last eight years – coupled with a depleted middle class – and high medical costs.

Moving on – it appears that the media – missed the perfect opportunity – are missing reality and concentrating all efforts to make out – that Trump is an idiot – especially on the lines of illegal voters – the popular vote.

If any reader bothered to read past blogs they would be familiar with how corrupt the Democratic Party was in the election process – with boasts of 50 years of busing ‘illegal’ voters from county to county to fulfill voting requirements – for their candidate – something that the mainstream media chose to ignore.

Further evidence of voting irregularities can be found first in California – wherein some 2 million illegal immigrants are permitted to hold a State drivers license – and vote -should they want too – as all one has to do is show your drivers license as identification – and was this not what Obama alluded to on several occasions?

In Chicago it was an ‘after voting audit’ – that found large discrepancies between eligible registered voters and the number that actually voted – plus voting boxes not being returned – but the press do not have to worry about both of these situations – as an investigation will be made – and no doubt the results – which will be detrimental to the Democratic Party – and no doubt ignored by the media – truth no doubt will be bypassed for individual slagging rights that fit their agenda.

It would be nice if the media would report ‘the facts’ – instead the American bullshit is relayed around the globe – by every left wing news outlet and reading this bullshit is nauseating – let alone listening to a repeat of the dribble – especially from Aunty (ABC – and the BBC).

If errors are made in the reporters comments – a retraction is never made on the first three pages – no reserved for the last page – then the global media could not be bothered to highlight this fact.

I realize now that the one campaign promise ‘that the swamp will be drained’ – will not be fulfilled – and I will list reasons below – what is important is the consequences of President Trumps words and tweets on economic matters – that have had an undesired affect – especially on the U.S. Dollar – it dumped – on his comments – ‘that the USD was far too strong’ – or words to that effect.

image

Technically he is right – as a strong USD brings with it inflation – however there is always a reciprocal balancing affect in dumping the USD – and this is borne out in the allocation of US cash assets into stocks and other currencies.

So Dow hits 20,000 courtesy of the President of the United States’ (POTUS) big mouth – and on the sidelines we have the Central Banks hinting at the need to invest in public listed stocks – due to sovereign bonds issued at low interest rates and socialist countries adopting zero – or negative interest rate returns – then with each country – through their own currency devaluations – trying to maintain competitiveness – this alternative stock investment is fair game – as proven by Swiss National Bank – plus the Bank of Japan’s erroneous investments – the former in Apple and latter in ETF’s and listed companies on Nikkei.

Problems will arise over time – the butterfly has wings and when other Central Banks start to have cash excesses flow through to stocks – the Dow could well and truly explode – as has the Yen – as these are the only real game in town – both are big enough to absorb this surplus capacity.

So POTUS has spoken – and the USD reacted – the question though is for how long?

Demand for USD – as the reserve currency will increase due to the instability of all other currencies – that is all currencies except the yen – no doubt at the angst of one Kuroda and Bank of Japan – as Yen is considered amongst other things – to be a conservative ‘currency’ where good capital gains – can be made – and supported in the main by U.S. Treasury notes held by the Bank of Japan.

The future problem for Trump though – is the Federal Reserve (Fed) – whilst the weakening US Dollar assisted in the rise in the stock markets – the Fed will have a problem – when demand in both dollar and stocks rise simultaneously – and it will happen.

That is then when the Fed has to increase interest rates – on the assumption that they have created a bubble in the Dow and thereby further strengthening the dollar – with all capital flows from foreign investors and central banks.

It is a no win situation – and whilst under Obama’s reign – the Fed was politicized and definitely not an independent body – forcing low rates and / or negative rates on nearly every trading partner – the opposite will happen with President Trump – as the head of the Fed – Janet Yellen – will increase the interest rates – in spite of the consequences – increase at the detriment of all emerging economies – and with the aid of Trump’s detractors in Senate and Congress – to force a collapse of sovereign states and internal State economies and blame President Trump.

Obama set the scene – the U.S. debt was increased by 20 trillion dollars during his reign – that is only over a period of eight years.

Result will be both parties stating to the electorate – “we told you so” – vote an outsider in and the results are devastating – stick with the main parties.

This is all due to President Trumps comments that he intends to ‘drain the swamp’ – yes corruption reigns in Senate – Congress – and the Administration – plus he had no kind words for the Fed Chair – Janet Yellen – and all parties will be seeking revenge.

Now Trump could defray any action and silence the media – he can start to drain the swamp – but this will not happen – as his appointments to key positions only have added to the swamp.

Yes – even his economic advisor is corrupt – he who bought DynCorp – one Steven Feinberg – is a big player in the swamp with DynCorp controlling a huge number of U.S. Government contracts for policing and they fund repatriations to intelligence agencies.

On that score one can google “DynCorp” and “Organ Harvesting” – in fact DynCorp and any nefarious activity – and a fair few pages will allow a reader to grasp the extent of their crimes – unhindered over some 25 years

Then one notices Comey stays in control of a corrupt FBI with McCabe second in charge – the latter accepting bribes from the Clinton Foundation – not a satisfactory outcome if someone wanted to drain the swamp – unless of course the FBI has material – which may damage the President beyond repair – and then allow impeachment proceedings to commence.

All of President Trump’s appointments show that he has aligned himself with the crocodiles – by adding crocodiles – to the infested swamp.

image

One must bear in mind – that Trump had something like 17 bankruptcies over 18 years – whilst in the property – construction business – and throughout this time sought bankruptcy protection – whilst protecting his assets – leaving investors with huge debts.

From memory in 1987 – yes I do remember that year well and was an investor who sold prior to Rocktober – and took a keen interest in this new kid on the block – one Donald J Trump who purchased his first casino interest when he bought the near majority of shareholding in a company ‘Resorts International’ – a company that was reported by ‘The Spotlight’ – had principal investors of the likes of Rothschild – and Rockefeller – yes his first foray into the gambling industry – and this brought Trump to the attention of the world.

Thereafter with the New York real estate collapse – the principal lenders of Trump’s empire – Jacob Rothschild – allowed Trump’s empire to continue to trade throughout a period of high instability – low market valuations – and a meager cashflow.

Was this good bargaining by Trump – “the debt load is huge – allow me to trade out of this situation and defer payments until the market recovers – or if I go down – you lose everything that you invested in my empire”…..?

Regret the answer is one that no one would know – outside of the negotiating parties – but one thing is for sure – is that a Wilbur Ross came out in support of Trump’s nomination in March 2016 – just so happens – that he was Jacob Rothschild’s – Rothschild Inc. – Senior Managing Director – during the New York real estate collapse.

Yes we live in interesting times – and I fear that the swamp will not be drained – it will just get larger and those that are corrupt will continue on their merry way – nothing therefore for the people – again a Vladimir Lenin legacy – and history shows that 100 million people died trying to prove that the economist Karl Marx’s manifesto – implemented by Vladimir Lenin – was correct.

Will history repeat on a Presidential Economic Adviser – Steve Feinberg’s watch – a manifesto to make DynCorp even more indispensable – implemented by President Trump?

image

Time – time is on their side – and I trust no one.

On the verbal threats of tariffs it is interesting to note – that a number of foreign companies have also indicated that they desire to increase their manufacturing investment in US – for that market specifically – principally to avoid tariffs – the best local offering was GMH – who originally stated that the Mexican manufactured vehicles – are not sold in the U.S. – then to have blatantly lied on this count – refused to retract their statements admonishing Trump.

Obviously a snowflake and buttercup in control of GMH – an Obama appointee – interesting to see whether he holds his position.

If we look at the situation in regard to actions – through executive orders – the ability to make law with a stroke of the pen – the POTUS withdrew the U.S. from the Trans-Pacific Partnership – imposed a federal hiring freeze – and reinstated the “Mexico City policy” on defunding international abortion-related services – a multi-pronged order on border security – and immigration enforcement including:-

(Please note my comments in italics)

– the authorization of a U.S.-Mexico border wall; the stripping of federal grant money to sanctuary cities – hiring 5,000 more Border Patrol agents – ending “catch-and-release” policies for illegal immigrants – and then reinstating local and state immigration enforcement partnerships.

Agree – only because my visa to the U.S. was a mine field due to spent convictions on driving some 30 years ago – why are those south of the border treated so sparingly….

– two orders reviving the Keystone XL pipeline and Dakota Access pipelines – and signed three other related orders that would expedite the environmental permitting process – for infrastructure projects related to the pipelines – directing the Commerce Department to streamline the manufacturing permitting process; and give the Commerce Department 180 days to maximize the use of U.S. steel in the pipelines.

The oil pipelines being resurrected – are a plus – and no doubt is a kick in the nuts to Obama and the gentleman from Omaha – Warren Buffett.

As to the native demonstrators at Dakota – and those Hollywood support class – and various environmentalists who are protesting this pipeline – a big brass razoo – first and foremost those natives protesting – have no right to do so – it is not actually their land – they are just not receiving any commissions – and are pissed off – then – if one cares to look at the environmental impact study – which has been undertaken at significant cost – the pipeline was rerouted to overcome any problems. So all in all a brilliant move – and no doubt welcomed by many – not only on employment – but supply.

– an order to reinstate the so-called “Mexico City Policy” – a ban on federal funds to international groups that perform abortions or lobby to legalize or promote abortion. The policy was instituted in 1984 by President Reagan – but has gone into and out of effect – depending on the party in power in the White House – so a party decision – not a Trump decision.

Again a party requirement

– a notice that the U.S. will begin withdrawing from the Trans-Pacific Partnership trade deal. Trump called the order “a great thing for the American worker.”

Mind you I agree with this decision – as any trade deal which is embroiled in such secrecy – without public debate and funded by Goldman Sachs is suspect.

– an order imposing a hiring freeze for some federal government workers as a way to shrink the size of government. This excludes the military, as Trump noted at the signing.

Brilliant – hopefully he will reduce the size of the Federal Government – cancel duplication and allow States to operate independently in education etal.

– an order that directs federal agencies to ease the “regulatory burdens” of ObamaCare. It orders agencies to “waive, defer, grant exemptions from, or delay the implementation of any provision or requirement” of ObamaCare that imposes a “fiscal burden on any State or a cost, fee, tax, penalty, or regulatory burden on individuals, families, healthcare providers, health insurers, patients, recipients of healthcare services, purchasers of health insurance, or makers of medical devices, products, or medications.”

Fantastic – goodbye Obamacare – regular readers are aware of my thoughts on this ridiculous legislation – very hard to just hand out free health care to 83 million recipients – and rely on middle class to pay for that privilege – otherwise branded as a criminal offense.

Edit: Removed an incorrect word.

Now why again am I discussing this?

Everyone TrumpD – Everyone ridiculed by Trump – Including Intelligence Agencies

I have emailed my thoughts to a number of friends on whether ‘draining the swamp’ will result in either of – a war to prevent inauguration – an impeachment – or an assassination of the President – and yes – even guessing on the number of days in office – before this event.

War was discussed in the prior article – Scrap Plan A – Go to Plan B https://millermatters.wordpress.com/2017/01/15/scrap-plan-a-go-to-plan-b/

Really though – it is a horrible thought – to think that parties – or the deep state – would stoop to such skullduggery – however it has happened before.

The last President to take on the CIA – was Kennedy – and the CIA director he fired – Dulles – was actually appointed to investigate the Dallas assassination – yes a strange set of events. (1)

image
So assassination is definitely on my list – especially when I learned that the President elect has his own personal security – dispensing with the services of the White House’s Secret Service – which in itself speaks volumes of their trustworthiness in Trumps own mind.

Then we have the incumbent CIA director – John Brennan – coming out to warn Trump to mind his P’s and Q’s on the Fox News Network. (2)

image

 

I personally do not like Brennan – remember too well one Senator Rand Paul – filibustering in the U.S. Senate for 13 hours in an attempt to have this appointment annulled – but an Obama appointee – who took the oath of office – not on a bible – but an old copy of the U.S. Constitution – yes not a Christian act – but of Muslim faith – the problem was that the actual constitution that he swore on – did not include the American Bill of Rights which was post-dated this Constitution by four years – so he swore to protect and defend the constitution – that did not include the First – Fourth – Fifth – or Sixth Amendments – or any of the other amendments now included in the current U.S. Constitution.

A full report by ’empty wheel.net’ – stated that “The Bill of Rights did not become part of our Constitution until 1791, four years after the Constitution that Brennan took his oath on.” (3)

Then to top it off – his duplicity in that he refuses to release information – that would implicate the Clintons in nefarious deeds in Libya – Benghazi – Yemen – and blames Syria for the 52 Sarin gas attacks when – it is the CIA and U.S. contractors involved.

Will not even go into detail on the ridiculous Russian hacking – nor the infantile report on Trump’s golden showers.

Sanctimonious twat that would arrange an assassination.

Trump’s reply to Mr – watch your P’s and Q’s – John Brennan.

image

image

If not CIA – then FBI – with both the top two personnel Comey and McCabe crooked as a dogs hind leg – taking bribes – hindering and stonewalling investigations – and court cases – in fact the crocodiles in the 17 secret agencies – take a lot of space in the swamp. (4)

image

Now it is not only moi’ with these thoughts – Ron Paul from the Ron Paul Institute – has also written an article – warning Trump of the consequences of ‘threatening’ the deep state that reside within this swamp.

Assassination therefore probable – however doubted – due to the class divide in America – a fair few voters have the right to arms and martial law would be required – oh wait – Obama has that covered with an executive order – stupid me.

So war – maybe.
Assassination – probable
Impeachment – highly probable

RINO = Republican In Name Only

One President Elect Donald Trump knows who the traitors in the Republican Party are – the question is will these traitors seek impeachment of the President after the inauguration?

Wikileaks email # 1078645

“JB, CF, and JK PACS will be noticeably silent for the rest of the campaign. Each will receive a significant allowance from advertising budget. HRC is in the loop and has talked to all three personally. Eyes only.”

image

Jeb Bush – Carly Fiona – John Kasich

USAToday covers the full story (5)

“Other emails that surfaced but do not refer to anything other than title have also surfaced that raised eyebrows. It seems at a glance that the Clinton Foundation, or as I am calling it, the Pantsuit Mafia, has bought off several key members of the Republican Party to push the Clinton agenda. Such as:

“He is on board, will retract the invitation to speak. Eyes only.”

“This email was dated days before Speaker of the House Paul Ryan withdrew the invitation to Donald Trump to speak at an event in Wisconsin. Even though we do not have the ‘smoking gun’ to say it was him, no other logical conclusion can be assumed.

Other emails hint at the money being moved to Republican elected officials in the House and Senate. For instance FEC reports shows that two large donations from PACS and private sources ln early October went to John McCain right after he attacked Trump publicly criticized Trump. That happened shortly after a slew of emails concerning moving money to support one candidate and move support from another.

Shortly thereafter, his challenger in this tight race, Kirkpatrick, lost several key donors and money and support lessened from the DNC and the DSCC in the last few weeks of the race. The thing to note is that McCain is one of the lead sponsors of a committee to investigate any Russian influence into the election.

Senator Lindsay Graham, another outspoken critic of Donald Trump and briefly candidate for President from July to December also it seems received help from the Clintons. An email that simply states, “Cleared the road for him in 2020,” could mean that there will be no strong or supported Democrat in the South Carolina Senate race when Graham is up for re-election.”

image

As with McCain, Graham has publicly called for a look into the Russian influence in the election.

There were a lot of politicians who were opposed to Donald Trump.

These – in particular – all share a common bond – however: Trump humiliated them on stage in front of hundreds of millions of people around the world.

This is more than just politics or conscientious objecting, this was revenge.”

So the question is whether McCain – Graham- Bush – Fiona – Kasich – Paul – seek their own revenge in voting with the Democratic Party to impeach Trump?

Highly probable – Michael Moore wouldn’t be able to control himself if that happened – his forecast would come true.

Now why am I writing all this?

Absolutely friggin fabulous shitstorm – and on that note I read that Clinton transferred huge sums of money through to Qatar and destroyed all records in the Clinton Global Initiative – and Obama transferred $4.6 million to the same destination to buy a waterfront property.

No they not crooked are they Brennan – Comey – McCabe?

More popcorn needed.

1. http://www.dailymail.co.uk/news/article-3762617/JFK-assassination-inside-job-Ex-government-agent-claimed-team-killed-president-remarkable-deathbed-confession-director-Oliver-Stone.html

2. http://europe.newsweek.com/cia-director-brennan-warns-trump-rhetoric-542977?rx=eu

3. http://www.emptywheel.net/2013/03/08/john-brennan-sworn-in-as-cia-director-using-constitution-lacking-bill-of-rights/?utm_source=rss&utm_medium=rss&utm_campaign=john-brennan-sworn-in-as-cia-director-using-constitution-lacking-bill-of-rights
4. http://thefreethoughtproject.com/fbi-revolt-official-exposes-corruption/
5. http://usanewstoday.org/index.php/2017/01/13/just-6-republicans-took-secret-payments-clinton-destroy-trump/

Scrap Plan A – Go to Plan B

Plan A – Elect HR Clinton as POTUS

Plan B – Blame it on Russia – take Kalingrad

“Stroke of the pen, law of the land, kinda cool” – Paul Begala adviser to then President Bill Clinton (1) on the implementation of Presidential Executive Orders.

Kalingrad – Russian enclave.

Template2011

Polish people have an intense dislike for Russians – let us just say bad history.

Watched the U.K. deployment to Estonia – NATO request.

Putin a tad upset.

image

Poland receives around 4,500 U.S. Troops plus 2,400 pieces of military equipment including tanks – armored fighting vehicles – artillery- trucks and containers.

U.S. Special Operations troops are now based in Lithuania (2)

Poland to establish a Missile Defense shield.

Now Putin pissed off.

image

I was under the impression that the transition of power in the U.S. – to the President Elect was supposed to be smooth – with all and every assistance granted by the outgoing administration.

Well not this time – Obama’s legacy of failure extends to – political minefields – that have been laid through Executive Orders – and numbknuts like Sen. John McCain (R) creating a political headache for the President Elect DJ Trump.

The situation technically could not get much worse with the sabre rattling of NATO over the recent weeks – one hopes that a ‘national emergency’ – through an escalation of activities by invading Kalingrad – does not invoke EO 13603.

And Obama just did update the existing Executive Orders on national emergencies -#13603 – only an update of outstanding Executive Orders – nothing to worry about here.

My concern is more to do with one Sen. John McCain (R) running around these Baltic countries reassuring them – that the U.S. is there to strengthen and support them – and that numbknut – does not do this for no reason whatsoever.(3)

Has McCain his own agenda?

Well – let history decide – he supported ISIL – is a warmongering neo-con – and attempted to create a problem with Trump over the 35 page yellow river XXX diatribe.

image

1. http://www.forbes.com/forbes/welcome/?toURL=http://www.forbes.com/sites/jimpowell/2012/04/29/obamas-plan-to-seize-control-of-our-economy-and-our-lives/2/&refURL=http://www.forbes.com/&referrer=http://www.forbes.com/#11ae7e686fdd

1. http://www.infowars.com/emergency-powers-give-barack-obama-authority-over-just-about-everything-during-a-major-national-crisis/
2. https://www.nytimes.com/2017/01/01/us/politics/us-baltic-russia.html?_r=1

3. http://www.nytimes.com/2016/12/27/world/europe/nato-baltic-states-russia.html

I never thought in my wildest dreams that the ensuing shitstorm would be this good!

Talking about  – https://millermatters.wordpress.com/2016/11/16/trumpd-and-now-a-purple-shitstorm/

It is that good I have had to order more popcorn – fair dinkum – gained a fair few kilos over the last couple of months – reading and watching the snowflakes – mainstream media – the U.S. Intelligence (or is that unintelligent) Agencies  -and American politicians – including Barak Obama – make complete idiots of themselves.

Here I am thinking that all and sundry were boxing Donald J Trump in – by Obama deft maneuvers regarding additional unwarranted sanctions – utilized by lawyers in court – when – if undone by Trump – would reinforce suspicions of Russian connections – ably supported by the mainstream media fake news stories – and Hollywood celebrities mocking the President elect.

On that latter point – my dear Meryl – needless to say – people in glass houses shouldn’t throw stones – disappointed in that the Golden Globe awards were politicized – and I could post an embarrassing YouTube video of your hypocrisy – but that proves nothing.

image

Damage already done by all and sundry – but nothing – absolutely nothing could prepare me for the Get out of Jail Free card – issued by CNN – courtesy of the CIA – John McCain – and anti-trumpers.

Yes – who would have thought that a really bad sex story about Trump – over 35 pages – prepared by a user of 4Chan chat site – a politically incorrect chat site – would be trolled to anti-trumpers – accepted by them and end up with the CIA – John McCain – and leaked to CNN.

image

They ran with the story on the four prostitutes – Golden Showers – hidden FSB cameras in the Ritz – Russians blackmailing and grooming Trump – then CNN aired it nationwide – supported by CIA – and lo and behold I ended up watching it on ABC.

Well you can understand my need for more popcorn – this purple shitstorm is never ending – and I cannot believe that no one person at CNN – nor CIA – nor John MCains office – tried to trace the authenticity of what was obviously a bad Penthouse cover story.

Anything – anywhere – anytime – to damage the President Elect.

The CIA is a joke.

John McCain (R) U.S. senator Arizona – should just resign.

CNN should be renamed Clinton News Network.

Imagine Trump – on watching this?

It is the biggest ‘Get out of Jail’ card freebie – that could authenticate The Don.

The whole world will be watching what happens next – the 4Chan poster pol/pak has admitted he prepared the story – and trolled an anti-trumper who ran with it.

So who has no clothes?

Bloody amazed at the stupidity – but hey America – keep it up.

Loving it!

Now all the world knows why people voted for Trump.

IT DOES NOT GET ANY BETTER THAN THIS – POPCORN?

image

Whoops – better order a couple of pallets of popcorn at this rate – inauguration countdown on.

If this is not an admission of guilt – then what is?

image

I was directed to the FBI site – and excited as I was I forwarded the download file to a good friend – a PDF 299 pages.

His comment was good luck!

Well Peter here it is in all its glory  – the admission by HR Clinton – oh and implicates one Colin Powell as well.

image

If I was a ‘normal’ person – an employee – a manager – I would have been arrested immediately and thrown in jail (English version gaol) – treason comes to mind.

Whilst I was trolling the PDF this was then released by Wikileaks – bummer – and I thought that I had the scoop.

image

And no – do not have a Twitter account – wish I had I would not have been up most of the night.

 

 

 

Global Trade Bottomed?

Interesting question in light of the JP Morgan Global – and Markits – manufacturing statistics – released in Mid December.

Now please exercise care when looking at these charts – it may look like ‘roses’ but moi’ has taken off his rose  colored glasses.

The data contained in these graphs are extracted during a massive currency war – and I can see no indication that the individual country currencies have been properly adjusted to account for currency deflation.

 

image

Looks good doesn’t it – a slight uptick at the end of 2016 – this is the Global GDP indicator – but a word of caution – calculation of the GDP utilized – a GDP ‘deflator’ calculation – usual method is to convert the value of GDP of each country into U.S. dollars and then compare them.

Conversion to dollars can be done either using market exchange rates – those that prevail in the foreign exchange market – or purchasing power parity (PPP) exchange rates.

The PPP exchange rate is the rate at which the currency of one country would have to be converted into that of another to purchase the same amount of goods and services in each country.

Combine this with currency deflations – due to the currency wars and then we have an entirely different picture emerging as to what these figures actually represent – yet the government’s and IMF place reliance on them.

My opinion is that these figures are inflated – due to the devalued currencies against the USD over the period – in particular China and Emerging Countries – whose actual cost to produce the GDP indicated would have increased markedly.

Me thinks flat – more in line with what is happening globally – that is to say bottomed and consolidating.

image

Now this is interesting in that a 2016 uptick confirmed by the Developed Countries – with the Emerging Markets struggling.

Please note that PMI® reading above 50 percent indicates – that the manufacturing economy is generally expanding – whilst below 50 percent indicates that it is generally declining.

So the Developed Countries currencies themselves are indicative of an overall increase in Manufacturing output due to value – the ‘deflation calculator’ on various currencies has a fault as compared directly to USD.

Emerging markets were busy exporting deflation to trading partners – in particular China.

Note that everything Japan tried to do did not work thanks to the U.S. Federal Reserve holding interest rates at a low level.

image

This is the Manufacturing business activity index for the major Developed market economies – on this note UK overexagerated due to impact of Brexit on the GBP – yes allowances made – but the devaluation enabled goods to be exported cheaper – but the replacement cost of raw materials would offset gains.

Still nice to see a general uptick – especially in Japan.

Question is whether the exports undertaken would result in overstocking the recipient countries – after all it is leading up to Christmas.

When looking at the PMI data –

image

But then we come to the Emerging market economies who have a definite ‘drag’ to the gross global figures.

China data incorrect and adjustments confirmed in late December 2016 – that adjustment would wipe off the late uptick – further nothing done on the financial problems and the devaluations are continuing increasing costs for manufacturing on raw materials.

India is stuffed – shown as such – the Modi ‘banning cash’ decision will have a tremendous impact on the overall GDP – when this data was collected and in the coming months – India is in deep shit.

Brazil – well interesting to see the overall rise during the 2016 calendar year – but the question is whether this will flow through to 2017.

Me thinks not – at least until Brazil’s political situation is back on an even keel and the country does something about the corruption – um yeh – latter also applies to Russia.

The Inventories Index – ISM data – registered 47 percent in December 2016 – which is a decrease of 2 percentage points when compared to the 49 percent reported for November 2016.

This indicates that raw materials inventories are contracting in December 2016 for the 18th consecutive month.

An Inventories Index greater than 42.8 percent – over time – is generally consistent with expansion in the Bureau of Economic Analysis (BEA) figures on overall manufacturing inventories – in ‘chained’ USD terms.

The ISM® Prices Index – registered 65.5 percent in December 2016 – this is an increase of 11 percentage points – when compared to the November 2016 reading of 54.5 percent.

This indicates an increase in raw materials prices for the 10th consecutive month.

This will put pressure on the bottom line!

In December 2016 – 38 percent of respondents reported paying higher prices – 7 percent reported paying lower prices – and 55 percent of supply executives reported paying the same prices as in November 2016.

A Prices Index above 52.4 percent – over time – is generally consistent with an increase in the Bureau of Labor Statistics (BLS) Producer Price Index for Intermediate Materials.

Yes costs increasing.

So has Global Trade bottomed – yes – appears to have reached that point – at this time – and may well just bounce along the bottom until demand increases.

Caution though – in that the global debt situation has not been addressed – and should an increase in interest rates occur within the next three months – the ‘knock on’ effect will be disastrous for the manufacturing industry globally – in particular the Emerging economies.

image