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Supporters of President-elect Donald Trump should “sit out” criticizing President Joe Biden for pardoning his son, Hunter Biden, disgraced Rep. Eric Swalwell (D-CA) claimed Monday. Swalwell, who is accused of sleeping with a Chinese spy, tried to defend Joe Biden’s pardon by pointing to the weaponization of Biden’s Justice Department against Trump. Most of the cases and charges against Trump have been dropped after his victory in November, underscoring the political nature of the prosecutions. Swalwell’s defense of Biden’s pardon of his son, moreover, does not square with some other members of his party. “If you defended the 34x felon,...

Donald Trump loved to use tariffs on foreign goods during his first presidency. But their impact was barely noticeable in the overall economy, even if their aftershocks were clear in specific industries. The data show they never fully delivered on his promised factory jobs. Nor did they provoke the avalanche of inflation that critics feared. This time, though, his tariff threats might be different. The president-elect is talking about going much bigger — on a potential scale that creates more uncertainty about whether he'll do what he says and what the consequences could be. “There's going to be a lot...

LONDON, Nov 26 (Reuters) - Shares of U.S. and European automakers dropped on Tuesday after President-elect Donald Trump pledged steep tariffs on Canada, Mexico and China, threatening the industry's tightly knit supply chains and raising investor concerns of higher costs. Trump said in a post on Truth Social he would impose a 25% tariff on all products from Mexico and Canada, and an additional 10% tariff on goods from China, on his first day in office in January. Many automakers have built factories in Mexico to take advantage of relatively cheap labor and the country's proximity to the lucrative U.S....

Philippine Vice President Sara Duterte said Saturday she has contracted an assassin to kill the president, his wife and the House of Representatives speaker if she herself is killed, in a brazen public threat that she warned was not a joke. Executive Secretary Lucas Bersamin referred the “active threat” against President Ferdinand Marcos Jr. to an elite presidential guards force “for immediate proper action.” It was not immediately clear what actions would be taken against the vice president. The Presidential Security Command immediately boosted Marcos’ security and said it considered the vice president’s threat, which was “made so brazenly in...

Genocidal Chinese dictator Xi Jinping held extensive, fruitful meetings with socialist Brazilian President Luiz Inácio Lula da Silva on Wednesday that concluded with the countries agreeing to elevate their diplomatic ties to that of “Community for a Shared Brazil-China Future for a More Just World and More Sustainable Planet.” ... The two leaders agreed to expand the scope of their cooperation as part of China’s Belt and Road Initiative (BRI), a global infrastructure plan in which China offers predatory loans to poor countries to be used to fund cost-prohibitive infrastructure projects. When the countries cannot pay the loans back, China...

China’s president, Xi Jinping, has heaped praise on Keir Starmer’s economic policy, as the UK prime minister used their first meeting to raise concerns about sanctions on MPs and the treatment of the pro-democracy campaigner Jimmy Lai. During their conversation at the G20 summit in Rio, the first meeting between the UK and China’s leaders in six years, Starmer said he would be keen to host a full bilateral meeting with Xi and the Chinese premier, Li Qiang, in Beijing or London as soon as possible, aimed at turning the page on frosty UK-China relations. In a marked change of...

The expansion of China’s amphibious force is nothing short of historic. A decade ago, China had no large amphibious platforms. Now it has four big flat-decked amphibs alongside a force of nine landing platform docks (LPDs), and will soon welcome the biggest amphibious assault ships in the world. This is a rate of increase reminiscent of the great dreadnought races of the early 20th century, when Britain, Japan, Germany, and the United States built up spectacular fleets of large battleships in not much more than a decade. However, it is also one-sided; American shipbuilding has shown no inclination to try...

It's another two months before US President-elect Donald Trump takes office, but China is already setting boundaries between the two countries. On Saturday, China's leader, Xi Jinping, outlined his "four red lines" in US-China ties at a meeting with US President Joe Biden. The four hot-button issues are Taiwan, democracy and human rights, China's path and system, and the country's rights to development. "They must not be challenged," Xi said, according to a statement published after the two leaders met on the sidelines of the 31st APEC Economic Leaders' Meeting in Lima, Peru. "These are the most important guardrails and...

BlogEventsShopKnowledge Center Contact Us Store Account Blog Economics The Recession into 2028 Trump Does Not Understand The Recession into 2028 Trump Does Not Understand Posted Nov 17, 2024 By Martin Armstrong | SPREAD THE LOVE WEC 2016 Orlando QUESTION: Mr. Armstrong, thank you for the WEC. Many people feel this was your best. Your solution to save our country was spectacular, and you deserved the standing ovation. My question is that you said that Trump and RFK would not listen to you despite everything you have done. You did not explain why. May I ask why? FP ANSWER: As I...

[Small excerpt of transcript, formatted by https://www.perplexity.ai/, but there is way more to the 50 min. video The United States and Taiwan have always maintained a complicated relationship. Taiwan's official name is the Republic of China (ROC), a government that was initially established all the way back in 1912 across mainland China following the collapse of the Imperial Qing Dynasty.The ROC was subsequently one of America's top allies during World War II, fighting against the Japanese in the Asia-Pacific theater. However, following the conclusion of that war, the Chinese Nationalist government of the ROC almost immediately resumed its long-standing civil...

"Attorney General, you've told us that it's a dangerous conspiracy theory to allege that the Department of Justice is communicating with these state and local prosecutions against Trump. You can clear it all up for us right now. Will the Department of Justice provide to the committee all documents, all correspondence between the department and Alvin Bragg's office, Fani Willis's office, and Letitia James's office?" "The offices you're referring to are independent offices of the state." "I get that, I get that. The question is whether or not you will provide all of your documents and correspondence. That's the question....

President-elect Donald Trump's landslide victory over Vice President Harris is already sending shockwaves through the business world as executives have looked to move production out of China since last week, former Home Depot and Chrysler CEO Bob Nardelli told FOX Business. "I think he's [Trump] going to be very positive about growth. He's going to be very protective. He's going to try to re-shore onshore stuff out of China," he said Tuesday on "Mornings with Maria." "Big discussion yesterday about the supply issue, basically superseding the domestic demand issue in China, so a lot of the companies I'm talking to...

Donald Trump selected U.S. Senator Marco Rubio to be his secretary of state, the New York Times reported on Monday, putting the Florida-born politician on track to be the first Latino to serve as America's top diplomat once the Republican president-elect takes office in January. Rubio was arguably the most hawkish option on Trump's shortlist for secretary of state, and he has in years past advocated for a muscular foreign policy with respect to America's geopolitical foes, including China, Iran and Cuba. Over the last several years he has softened some of his stances to align more closely with Trump's...

China’s Cyberspace Administration and Ministry of Education has begun what they call the Clear and Bright Campaign to prune the web in China of what they consider “irregular and uncivilized language.” The language bureaucrats aren’t just watching for criticism of President Xi, mentions of the Tiananmen Square massacre, or demonstrations in Hong Kong. They want to extinguish the seemingly innocuous phrases many Chinese have ingenuously appropriated to express dissent. ... Xiang jiao pi, which is banana peel in Mandarin, has the same acronym as the name of President Xi. The word for shrimp moss is xia tai, similar to the...

Vatican’s top diplomat says Trump won’t change Pope’s line on ChinaROME – While congratulating Donald Trump and wishing him “much wisdom” in his second term, the Vatican’s top diplomat also bluntly declared Thursday that a controversial deal with China on the appointment of bishops will continue “regardless of reactions that may come from America” during a new Trump administration.Italian Cardinal Pietro Parolin, the Vatican’s Secretary of State, spoke to reporters on the sidelines of an event at Rome’s Jesuit-run Gregorian University on artificial intelligence and international humanitarian law.Asked about tensions that arose between the White House and the Vatican over...

Australia’s ambassador to the US has deleted comments he had previously made online about Donald Trump, criticising him as “destructive” and a “traitor to the West”. Kevin Rudd, a former prime minister, said his remarks did not reflect the view of the government and he was “looking forward” to working with the president-elect. Dr Rudd, who scrubbed his social media days before Mr Trump’s election victory, wanted to “eliminate the possibility of such comments being misconstrued,” his office said. The ambassador became the latest in a list of high-profile figures to distance themselves from disparaging remarks made about Mr Trump...

The Navy is failing to build warships on time or on budget. Putting campaign donations and local employment interests above national security, members of Congress have been unwilling to take bold action to fix things. An absence of skilled workers, inefficient unions, and COVID-19-related challenges have further complicated matters. The next president and Congress thus face a choice. Either they accept China’s dominance of the western Pacific Ocean or they do the once unthinkable and appropriate funds to build warships in the dockyards of allied nations such as South Korea, Japan, and the United Kingdom. Time is not a luxury...

China launches "military drills," sending planes and ships to encircle Taiwan — AFP

Richard Nixon’s presidency is a study in contrasts. He achieved significant foreign policy successes and domestic environmental and social progress, yet Watergate ultimately tarnished his legacy, overshadowing all that came before it. The thirty-seventh American commander-in-chief is remembered as both a consequential president and one who brought down his own administration and legacy. The year 1968 would go down in history as one of chaos and violence. With the disastrous Tet Offensive in Vietnam, the assassinations of Martin Luther King Jr. and Robert F. Kennedy, civil rights unrest, political polarization, and violence at the Democratic Convention stemming from President Lyndon...

* The European Union on Friday voted to adopt definitive tariffs on China-made battery electric vehicles (BEVs). * "Today, the European Commission's proposal to impose definitive countervailing duties on imports of battery electric vehicles (BEVs) from China has obtained the necessary support from EU Member States for the adoption of tariffs," the EU said in a statement. * The EU added that it was still working in China to look for "an alternative solution" even as the tariffs are adopted.The European Union on Friday voted to adopt definitive tariffs on China-made battery electric vehicles (BEVs). "Today, the European Commission's proposal...