The B3W Biden Slam Dunk Slipped At G7 And Got Bullwhipped At Speaker Pelosi’s Bottom
“I love it when a plan comes together.” (Hannibal Smith)
Summary:
· Michael Burry “Bullwhips” “Speaker Pelosi’s Bottom”.
· Cathie Wood’s ARKK has just been relaunched from “Speaker Pelosi’s Bottom”.
· The BIS presents a snapshot of “Speaker Pelosi’s Bottom” through the frame of “Macklem Doctrine”.
· “Joe Le Patsy” slips as he “Slam Dunks” at G7 to become Macron’s “Joe Le Taxi”.
· The Summers’ Curse gets tweaked to support “Speaker Pelosi’s Bottom”.
· President Biden slips, but Cassidy Hutchinson gets the rebound and “Slam Dunks” for him.
· The BIS talks up “Macklem Doctrine” “Friend Shoring” from “Speaker Pelosi’s Bottom” going forward.
· The initial G7 B3W “Friend Shoring” budget is too small to stimulate global growth but may engineer a soft landing instead.
· US “Friend Shoring” has a valve to prevent outward technology transfers.
· The Sintra conclave signaled a strong wish to risk recession in order to defeat inflation.
· Final quarterly US data confirms that Q1 was Stagflated, by Oligopolists, but their days are numbered by demand destruction.
· The Crypto Crash headwind is bigger than the current G7 “Friend Shoring” fiscal stimulus budget.
· “Imperator Xi’s” triumphal celebrations confirm that “COVID-Zero” is a strategic policy tool, which suggests that COVID-19 is a strategic weapon.
· Hong Kong may become a “Trojan Horse” in the global economy.
· “COVID-Zero” is the new “Long March”.
· Political power now grows out of the barrel of a syringe.
· “COVID-Zero” prepares for the global “Friend Shored” economic future in China.
· The Britain Project launches to Make Britain Progressive Again (MBPA).
Hypothesis Test: G7 update ….
The last report made some bold assumptions, and equally sweeping assertions, about the alleged, causal relationships involving “Xi Jinping Thought”, “COVID-Zero”, “COVID-19”, the Ukraine War, Vinod Khosla’s “Techno-Economic War”, the Taiwan situation, “MAPA/MAGA”, “Biden’s Slam Dunk”, Macklem Doctrine, “Friend Shoring”, “Patriotic Monetary Policymaking” and “Speaker Pelosi’s Bottom”.
(Source: the Author)
The last report set out the framework of the hypothesis testing to come.
This report picks up from where the last hypothesis test left off.
“Speaker Pelosi’s Bottom” gets Bullwhipped ….
Blue Horseshoe Loves Slam Dunk
(source: jasonpremo, caption by the Author)
Speaker Pelosi “loves” Microsoft and Apple call options. Madam Speaker’s recent eyebrow-raising leveraged bottom fishing has raised more than a few eyebrows.
(Source: the Author)
Due to supply chain problems, US retailers carry more extensive inventory these days. The object of the game is, hence, to push this inventory. In the face of declining aggregate demand, exacerbated by the Fed, inventory pushing is a challenge. The declining consumer demand thesis recently received further confirmation from a joint survey, by Lending Club and Pymnts.com, which found that all US consumer income brackets are experiencing financial stress.
Booming inventory, in the retail sector, has prompted the new policy of allowing purchasers to keep the purchases they wish to return. Burry believes that this inventory-build, and effective return policy discounting process, is disinflationary. This disinflationary process, caused by inventory distortion, is known as the Bullwhip Effect, in the industrial vernacular. In his view, the Fed will not only retract monetary policy tightening but, will also begin easing later in the year. The coming earnings compression, and equity market fall, will prompt this easing in his view. Companies will no longer be able to hike prices, and retailers will no longer be able to pass this on to consumers.
· The conspiracy of “Friend Shoring” doctrine is being nudged into the public domain by San Franciscans.
· “Speaker Pelosi’s Bottom” is the Sweet Spot for the “Just in Case” “Friend Shoring” investment thesis.
· Mary Daly’s Long Duration trade thesis/guidance puts the Chateau Greenspan ’94 Bull Flattening vintage on ice in “Speaker Pelosi’s Bottom”.
(Source: the Author)
Madam Speaker Pelosi’s call option buying, not only, anticipated the breaking G7 global macro wave. It also appears to have prematurely anticipated Burry’s Bullwhip effect on the Fed and early rotation back into growth in anticipation of the Fed easing again.
“Speaker Pelosi’s Bottom” is on a roll, so to speak.
Just as inventories begin to build, some companies are bringing forward new products to break the retail deadlock. Madam Speaker also seems to have “called” the breaking microeconomic wave, in the tech sector, that is breaking alongside the global macro fundamentals. Cathie Wood’s ARKK has, also, just been relaunched, through “Speaker Pelosi’s Bottom”, so the recent moment of Blue Horseshoe’s curious intent is a pattern that may portend a trend.
Readers should expect a big announcement from Microsoft in due course.
There has, just, been a big macro announcement, of sorts, out of G7.
Owzat? : More of a Slip than a Slam Dunk ….
· President Biden is bidin’ his “Slam Dunk” until the next G7 Summit.
(Source: the Author)
This author had bigged up the probability of the Biden “Slam Dunk” at the latest G7 Summit. As it happened, the “Dunk” occurred, however, it was not a “Slam”. It was a slip. President Biden appeared to be trying to play basketball at a cricket match.
Largely overshadowed by his G7 partners’ consternation over the recent USSC Roe v Wade U-Turn, President Biden tried to reinvigorate his Build Back Better World initiative (B3W). Selling an initiative like this, globally, is always going to be tough when one’s own country appears to be going backwards towards Biblical times.
Readers, who play cricket, will be familiar with the dismissal of a batsman by Leg Before Wicket (L.B.W). This author would suggest that President Biden is a batsman who has been called out L.B.W. The umpires are now discussing the merits of the appeal, with a view to making a final decision.
Thus, B3W may be given out L.B.W in due course, after the deliberations.
The best that the umpires could do, on the spot, about Ukraine, was to agree to study capping Russian gas prices. This SNAFU is symbolic of the conflicting interests, and lack of American leadership, of the group. It’s better than nothing, however, and, may actually lead to something. Whilst they study, alternative sources of gas can be substituted. Germany is already betting on Canada for its gas. American gas exports to Europe already surpass Russian exports, although, to be fair the latter have been sanctioned and turned off at the source. The conflicted plot thickens.
Biden Slips and Macron gets the rebound ….
The Biden G7 “Slam Dunk” was undermined by the obvious weak position of President Biden, thereby, calling into question his ability to lead the team from the front. Indeed, many questions are being asked about America’s ability to lead the Free World, based on its continued partisan death slide. It is not just America’s enemies who are seeking to expand into the global void created by the partisan domestic situation, which is feeding isolationism.
Allies are also looking to fill the opening global gaps and cracks, left by America. In particular, some energy-poor allies are looking the fill the gaps and cracks created by Ukraine sanctions on Russia. In particular, the same said allies are looking at Iranian sources to fill the gaps. Such a filling, of the gaps, would present its own set of threats, to President Biden, who has some gaps of his own, in the MENA region, where the majority of the world’s hydrocarbons come from.
The dotted baseline, for a New Multi-Polar World Order (NMWO), was incrementally advanced by G7. Now, follow-up work needs to be coordinated to fill in the dots, and then nudge the resulting baseline forward. These attempts will meet Russian and Chinese attempts to rub them out all along the way.
Joe Le Patsy ….
Journalists thought that they had caught President Macron loudly remonstrating, at President Biden, about the UAE and Saudi being maxed out on crude oil production because the latter president is senile and going deaf. It is more likely that Macron was establishing a cover story, in the public domain, for cutting a nuclear deal, with Iran, in return for a boost in oil and gas output. Alternatively, Macron could have been warning the two GCC producers to start boosting output or face Iranian competition. In either case, Macron can rely on Biden to fill the gap, now, if he wishes the EU to harden its position on Iran.
Thus, when President Biden jets off to the Gulf, after the latest NATO meeting, President Macron’s agenda will be his agenda. Should the two big Gulf oil producers respond with alacrity, by finding more capacity to pump, the triumph will be Macron’s. The episode has little to do with President Biden’s aural faculties, though. These are fine, it is his political faculties that are ailing.
Consistent, coordinated ripples, of the incremental constituent parts of the Biden slip may, thus, positively resonate, going forward, into a tidal wave of change for the global economy. They just need nudging, and there is no shortage of Nudgers.
Sanctions on entities supporting Russia, in Ukraine, immediately nudged up after the G7 summit. Five Chinese entities have been added to the sanction list, in addition to 31 other global entities.
Biden Slips and Larry gets the rebound ….
The timely “Summers’ Curse”, which anticipated the subsequent market capitulation, and the tipping of the perceived balance of risks, in favour of recession, over inflation, has recently been tweaked by its author.
Larry Summers now raises the estimative probability of recession to a level that will do the Fed’s inflation-fighting for the central bank.
One could say that the “Summers’ Curse” now supports “Speaker Pelosi’s” bottom.
Biden Slips and Cassidy gets the rebound ….
President Biden’s continued dismal polling, by Gallup, needs to be addressed before it turns into Midterm defeat and re-election failure. Republican dissatisfaction can be explained away, in partisan terms, but the insidious loss of faith of Democrats should be most troubling for POTUS and his advisers.
(Source: the Author)
President Biden’s domestic weakness was discussed, in the last report, as the basis for a new Progressive political campaign initiative.
As it happened, the domestic “Slam Dunk” was delivered by former Trump aide Cassidy Hutchinson to the Jan 6th Committee. It is noteworthy that President Biden has not jumped on the bandwagon and milked the new revelations for political gain. Biden’s demonstration of clear respect for the Constitution, and the separation of powers, is a tactic that differentiates his administration from the alleged criminality of President Trump’s. This stance is essential for the rebuilding of the political faith and trust, not only within the Democrats but, also in the electorate in time for the MidTerms.
American democracy may be open to subversion, by malevolent foreign influences, however, the Constitution remains standing and is now primed for the counteroffensive.
From G7 Ripple to “Friend Shoring” tidal wave ….
President Biden may have slipped, at G7, however, the underlying “Friend Shoring” wave is gathering force.
· The Ukraine war is a wargame for the Taiwan war.
· The MSP and the Biden G7 “Slam Dunk” “Friend Shoring” G7 Infrastructure Plan are Vinod Khosla’s “Techno-Economic War”.
(Source: the Author)
The latest news on the “Friend Shoring” wave is critical in the context of heightened tensions, in the Taiwan Strait and Vinod Khosla’s “Techno-Economic War Thesis”, discussed in a previous report.
Taiwan semiconductor giants are now “Friend Shoring” new Capex investment directly back into Mid America. Thus “Friend Shoring” is achieved with the combined objective of binding Taiwan closer to America.
Commerce Secretary Gina Raimondo recently explained that the American version of “Friend Shoring” will have an in-built valve that prevents the leakage of critical technologies backwards to adversaries. This explanation was significant. The forum at which the explanation was made was equally, if not more significant.
Secretary Raimondo was speaking at a forum held by the Bank for International Settlements (BIS). The BIS is the central bank of central banks. It will, therefore, be settling and clearing the “Friend Shored” trade flows of the future.
Commercial Break: And a message from our governing body ….
Macklem Doctrine (GHOS Protocol) will roll out in global venues soon and run for three years if successful.
(Source: the Author)
This author has already discussed the position of the Bank for International Settlements (BIS) in the global hierarchy, of coordination and governance, of the G7 “Friend Shoring” process. Special mention was made of the role of former Bank of Canada Governor Tiff Macklem, in the “Friend Shoring” process, that this author named “Macklem Doctrine” in recognition of his significance.
The BIS has, simultaneously with the latest G7 summit, opined on the global economic situation, and what is required going forward for successful execution, of the “Friend Shoring” process, in line with “Macklem Doctrine”. According to BIS Managing Director Augustin Carstens, it’s looking “so far, so good”.
The BIS big picture, literally, is of “Speaker Pelosi’s Bottom”. If global policymakers do as the BIS advises, the global economy and markets will be on the cusp of a major uptrend.
The BIS judges that inflation still needs attention, thereby, exacerbating the experience of Stagflation, before a coordinated monetary and fiscal policy can provide a sustained economic tailwind to the global economy.
“Friend Shoring” Billions into Trillions with “Macklem Doctrine” ….
· It’s Slam Dunk time for the Biden New Multipolar World Order.
(Source: the Author)
This author had eagerly anticipated the unveiling of the details of “Macklem Doctrine” for the “Friend Shoring” of critical nodes of production and logistics out of China into democratically trusted global locations.
The G7 signal is that the “Friend Shoring” B3W budget has initially been set at $600 billion. This total seems egregiously insubstantial in proportion to the size of the global economy. Only trillions move the global economic needle these days. Furthermore, the initiative to date has been largely ignored and underfunded. Consequently, the initial momentum of growth and global economic change will be imperceptible. The only blessing, in this incremental inertia, is that the inflation tailwinds will be muted, and may even rapidly abate.
The initial $600 billion “Friend Shoring” budget can, thus, be seen as a support for the weakening global economy that will prevent a recession. A softer form of economic landing will, thus, be engineered.
· Patriotic monetary policymaking may soon be framed as the creation of a stable disinflationary foundation on which the President can Slam Dunk.
(Source: the Author)
If true economic growth is needed, however, this initial budget will need to be multiplied by the compounding force of private credit creation. Assuming that inflation has abated, due to the insubstantial nature of the initial “Friend Shoring” budget, then, a stable disinflationary foundation will have been created for sustainable economic growth going forward.
B3W hangs in the balance, awaiting the umpires’ verdict.
Umpires, however, can be influenced by carefully delivered nudges.
G7 is doing its fair share of the nudging, by talking up the global growth risks. Sadly, this nudge, is, then, diluted at the coordinated global level into the narrower national economic level. The sum of parts is less than the whole, but it is significant nonetheless.
The previously anticipated dilution of the G7 economic nudge, towards “Friend Shoring”, can be seen in the rising risk, of associated protectionism, implied by the national recession and inflation mitigation strategies currently being deployed. Britain is moving to protect its steel industry, whilst the auto industry begs for some protection. France is moving to protect its consumers, as are other Eurozone members, which may also create barriers to exports.
The G7 “Anti-Belt and Road” nudge, especially in former European colonies, is coordinated and significant in comparison to the economic stimulus message.
We’ll be right back, after the (tightening) break ….
This author has previously discussed the pressure on central bankers to accommodate the “Friend Shoring” fiscal stimulus on their balance sheets.
· Patriotic monetary policymaking may soon be framed as the creation of a stable disinflationary foundation on which the President can Slam Dunk.
(Source: the Author)
The enabling of “Friend Shoring”, on central bank balance sheets, was dubbed “Patriotic Monetary Policymaking”. Evidently, this was the main topic of discussion at ECB’s recent annual central bank conclave in Sintra.
· Mary Daly’s Long Duration trade thesis/guidance puts the Chateau Greenspan ’94 Bull Flattening vintage on ice in “Speaker Pelosi’s Bottom”.
· The Fed will stop tightening, and then expand bank reserves “Just in Time”, and “Just in Case”, there is a recession.
(Source: the Author)
This author has also noted that, in the end, central banks always save themselves first, and their mandate commitments second. This self-serving can be understood as the imperative to maintain the dynamic accounting equilibrium, and mark to market value, of assets and banking reserves on their balance sheets. This self-serving is done through a combination of forward guidance, and monetary policy settings, which drive the shape of the yield curve.
Currently, the Yield Curve Bull Flattening Trade is being self-servingly driven by the Fed. This trade supports bond markets and hence central bank balance sheet value and the dynamic equilibrium between assets and bank reserves.
This year’s Sintra conclave finds the assembled central bankers somewhat perplexed on the balance of supply-side and inflation risks to the value of their balance sheets.
Cleveland Fed president Loretta Mester, instinctively, thinks that balance sheet equilibrium and value are best served by continuing to hike interest rates, in order, to sustain the Yield Curve Bull Flattening that supports the value of the Fed’s balance sheet. She is, however, humble enough to request peer review and alternative solutions; just in case she is wrong and triggers a balance sheet crushing recession.
Mester threatens to hike interest rates, to 4%, in order, to convincingly crush rising inflation expectations. She also understands that she may have to deliver, on this threat, to restore Fed credible commitment. Delivering, in the current economic environment, guarantees recession. Tweaking the forward curve, into a Bull Flattening, may mitigate the recession whilst still breaking inflation expectations. She’s in a tough position. No sympathy should be extended, however, since Mester, like all her colleagues, let inflation expectations get out of control back in March 2021.
· James Bullard attempts alchemy to conjure the Soft Landing.
· The Fed is trying to reprise Alan Greenspan’s 1994 vintage as it hurriedly plays catch up.
(Source: the Author)
St Louis Fed president James Bullard threatens to get nothing but laughs if he is not careful. Trying to sound serious, Bullard beggared belief by suggesting that the Fed is “getting ahead of inflation”. Allegedly, it is doing this by adopting similar monetary policy settings as were set back in 1983 and 1994. Crucially, from this author’s viewpoint, these two periods of Fed tightness set the basis for massive economic expansions and bull markets. Crucially, for Bullard, and the Fed’s balance sheet, these two periods in history did not see big recessions.
Applying a smaller modicum of levity, thereby risking less credibility, than Bullard, New York Fed president John Williams has opined that a recession is not the foregone conclusion of the Fed’s current course of action.
The ECB is also in the same situation as the Fed. Balance sheet losses, through inter-country spread widening, are outweighing any potential for Bull Flattening. Consequently, ECB President Christine Lagarde has elected to go for a commitment to fight inflation first with the mixed message of a close-secondary commitment to fight spread-widening Fragmentation second. As the recession risk rises, clearly, the priorities of the two commitments will reverse.
The ability of central banks, to respond to their respective patriotic fiscal agendas, remains challenged by the behaviour of the economic agents within their respective economic zones.
Q1, Stagflated by Oligopolists: Confirmed ….
This author noted that Q1 was Stagflated by Oligopolists. Faced with weakening demand, the Oligopolists just pushed up their prices, and widened their margins, to meet shareholders desired returns.
The final reported Q1 quarterly GDP, Core PCE, Corporate Profits and Consumer Spending data confirmed the Stagflation in Q1. It should now be clear that Oligopolist price hikes did not expand corporate profitability, however. Earnings compression now joins the recession drivers.
Inflation has naturally destroyed demand. In addition, rising interest rates have externally helped to destroy demand.
The monthly incoming data, from Q2, has confirmed the picture of deteriorating demand. There was, however, no improvement in the inflation situation. The central bankers, gathered at Sintra, have signalled that they wish to risk a recession, in Q3, in order to address the stubborn inflation problem. This signal is largely made up of extended forward guidance that does not wish to manifest itself. Some manifestation, by way of tightening, will, however, be required.
Every Crypto Crash has a silver lining ….
· The Crypto Crash paves the way for China’s Belt and Road to connect materially with South America’s Bays of Pigs.
· The Crypto Crash will soon be framed as the next disinflationary headwind requiring remedial economic stimulus action.
(Source: the Author)
This author had suggested that the unfolding Crypto Crash would be framed as the next global economic threat, requiring, fiscal stimulus and remedial governance action.
This author notes, significantly, that the framing of the Crypto risk has reached a tipping point, coincident with the latest G7 SWOT analysis communique. He also notes that the perceived Crypto threat is in the $ Trillions basis the G7 global stimulus plan set at $600 billion. Clearly, the balance of risks, of Crypto alone, is negative. Clearly, therefore, the remedial global stimulus will have to be leveraged up just to deal with the Crypto Risk, not-to-say, all the other risks.
Goose Stepping towards Common Prosperity ….
The last report explained how President Xi Jinping was “COVID-Zeroing” in response to President Biden’s “Slam Dunk”. This ritual dance is a clean break, between the two nations, leading to the creation of rival poles in the global polity. President Xi recently signaled that his next move would be a complete annexation of Hong Kong with the euphemism of “creating closer emotional ties” with the annexed. Vae victis.
(Source: the Author)
The key signal, on the annexation of Hong Kong hypothesis, and what it portends, was discussed in the last report.
The author suggests that this hypothesis is now at the probability threshold level, of highly likely, after the recent “goose-stepping” law enforcement victory parade in the territory.
Hong Kong now threatens to become a “Trojan Horse”, in the global economy, if its rules of engagement, with the said global economy, are allowed to maintain the status quo associated with its recently-deceased democratic past. This author believes that Hong Kong should now fall under the same degree of sanction, being applied to the Mainland, if this “Trojan Horse” is to be tethered.
The Chinese battle plan for the global economy can clearly be seen in Hong Kong.
· “COVID-Zero” is a strategic policy tool, which suggests that COVID-19 is a strategic weapon.
(Source: the Author)
Rather than steam into a country, and try to annexe it, as Russian doctrine dictates, Chinese military doctrine takes a nation down, through economic leverage, with a splash of “COVID-Zero” protocols. As Sun Tzu teaches, the annexed nation is defeated, even before it can offer any form of military resistance. Taiwan should take, and probably has taken, note. All “Belt and Road” destinations, on “Xi Jinping’s Thought List”, should also take note, along with those who wish to repel the invasion.
China’s recent signing of an emergency support Renminbi credit facility with the BIS should, therefore, be viewed with caution.
In theory, the Hong Kong Monetary Authority (HKMA) would be able to draw on this facility in its current crisis. Given that China is squeezing the territory, thereby, bankrupting the HKMA’s defence of the US Dollar Peg, this BIS facility needs context. What ostensibly, appears to be financial cooperation could ultimately become coercion, by China, on the terms and conditions of a bailout of Hong Kong. The central banks of Chile, Indonesia, Singapore and Malaysia are also on the BIS Renminbi emergency facility list, so the coercion could go global to support the “Belt and Road” agenda. One can see how this would play out in the case of Malaysia, as a model.
Malaysia is currently subsidising aggregate demand with consumer subsidies. The nation, thus, goes deeper into debt whilst increasing Chinese Renminbi imports. If Renminbi imports become larger than US Dollar imports, China is effectively higher up the credit event priority list in the event of a default.
China’s global “Goose Step” is more of a domestic formality. This formality is the beginning of the intended victory lap for “Xi Jinping Thought” and its author. It is no surprise, or coincidence, that this victory lap has begun where it all started, and also where the first recorded COVID-19 outbreak occurred.
Imperator COVID ….
This author has summarised that the doctrinal application of “Xi Jinping Thought” is the riddle, inside the mystery policy tool of “COVID-Zero”, wrapped in the enigma of the COVID-19 weapon.
On route, to his recent triumph in Hong Kong, and beyond, President Xi Jinping began his procedural march with his “COVID-Zero Triumph”, in the streets of Wuhan, and esoteric triumphal oration that his strategy is “economic and effective”. The same could be said of a weapon.
Just because President Xi is finally on the move, however, it does not mean that “COVID-Zero” policy is over. Quite the contrary, in fact. As if to underline the rolling nature of the threat, a new outbreak was, immediately, identified back where it all began in Wuhan.
Today Wuhan, tomorrow, Hong Kong, the next day Taiwan and the following day the world.
Political (and economic) power now grows out of the barrel of a syringe ….
Myopic, unimaginative, commentators have yet to figure it all out. But, at least it is now commonly accepted that “COVID-Zero” will remain in place for the immediate future.
· “COVID-Zero” is entering a multi-year rolling lockdown phase that will obstruct Chinese investment and trade flows.
(Source: the Author)
President Xi deliberately falls short of declaring “final victory” over COVID. This author suspects that he will always fall short. If he did declare “final victory”, he would have to scrap “COVID-Zero” policies, thereby, undermining his power, control and ultimate objective. “COVID-Zero” is a “long march”, as Chairman Mao used to say.
Political power, allegedly, now grows out of the barrel of a syringe, rather than the barrel of a gun.
With “COVID-Zero” in place, there is no pressure on the Chinese President to deliver double-digit economic growth. On the contrary, the pressure is now on to conserve resources, and not waste them on exports to competitors and enemies. If said competitors, and enemies, can be weakened with this economic weapon, then, so much the better.
In any case, said competitors, and enemies, are “Friend Shoring”, so, the days of double-digit Chinese growth are over. Probably a good time, therefore, to have tight societal controls and governance in place for an economy that is not delivering, export-driven, “Common Prosperity” as it used to. Premier Li Keqiang had the unenviable task of taking the responsibility, and thereby political liability, for the economy in his recent synopsis of how it looks. It looks weak. Still, that’s not President Xi’s problem it’s Premier Li’s. Any potential future challenge, by the latter, on the former has, thus, been weakened up front.
The PBOC has also noted that job confidence is down at Credit Crunch lows. Those tight societal controls cannot come, a moment too soon, for the government to deal with the more militant pessimists.
The Hard Soft Landing has its challenges, in China, as it does in the West.
Vae victis.
In comparison, to President Xi, the UK PM’s recent triumphal victory march was pyrrhic. It was symbolized metaphorically by a brief jog, originally framed by the PM as something much longer. Can he, actually, go the distance in real life?
As you were ….
After a brief show of solidarity, for the cameras, at G7, the global media swiftly reverted back to the UK regime change project.
Concomitantly, the Britain Project set its target date, and hashtag (#FutureofBritain), for the official creation of a new political party as of June 30th. This has begun with a polled survey to elicit the belief that this political project is scientific, representative and a reality.
Concomitantly with this project start date, the editorial nudge rolled into action. What is required now is the power and force of Rupert Murdoch to drive the regime change editorial.
The project appears to be following a traditional critical pathway beginning with unemployment and then working its way, through hunger, to Brexit.
“Progressive” White Governors Can Jump
· Make America Progressive Again (MAPA) is the new MAGA.
(Source: the Author)
This author notes that the Britain Project has stolen the buzzword that he assumed would be rolled out on the other side of the Atlantic first. Xi Jinping’s “Common Prosperity” box is also ticked in the form of “common good”. Apparently, Britain will become “Progressive Again” before America.