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Forum > Firestarter On Fire
Border wall billions for Trump?
<< < (2/3) > >>
Firestarter:
On 24 January 2017, one of President Donald Trump’s first actions in office was to sign an executive order to approve the Keystone XL (owned by TransCanada).
40 percent of the steel for the Keystone XL pipeline, by 2015 550 miles of steel pipe was manufactured in Canada by a subsidiary of Evraz; for 31% owned by Russian Lubavitcher Roman Abramovich, who’s close to both Putin and Trump. Evraz owns 3 steel mills in the US, but the pipes for Keystone XL project were produced in its Regina mill in Saskatchewan, Canada: https://www.desmogblog.com/2017/02/13/abramovitch-putin-keystone-xl-steel
Roman Abramovich’s Evraz Group SA also produces 75% of the pipes for the Kinder Morgan Trans Mountain pipeline in Canada. Most of it is also produced in Evraz’s Regina mill. Abramovich once gave a $25-million yacht to his long-time ally Vladimir Putin: https://theenergymix.com/2018/05/18/exclusive-justin-trudeaus-devil-of-a-pipeline-deal/
It would seem "logical" that Roman Abramovich is somehow involved in supplying the steel for the border wall, but I haven't been able to confirm this...
guest8:
--- Quote from: Firestarter on February 21, 2020, 11:58:42 am ---On 24 January 2017, one of President Donald Trump’s first actions in office was to sign an executive order to approve the Keystone XL (owned by TransCanada).
40 percent of the steel for the Keystone XL pipeline, by 2015 550 miles of steel pipe was manufactured in Canada by a subsidiary of Evraz; for 31% owned by Russian Lubavitcher Roman Abramovich, who’s close to both Putin and Trump. Evraz owns 3 steel mills in the US, but the pipes for Keystone XL project were produced in its Regina mill in Saskatchewan, Canada: https://www.desmogblog.com/2017/02/13/abramovitch-putin-keystone-xl-steel
Roman Abramovich’s Evraz Group SA also produces 75% of the pipes for the Kinder Morgan Trans Mountain pipeline in Canada. Most of it is also produced in Evraz’s Regina mill. Abramovich once gave a $25-million yacht to his long-time ally Vladimir Putin: https://theenergymix.com/2018/05/18/exclusive-justin-trudeaus-devil-of-a-pipeline-deal/
It would seem "logical" that Roman Abramovich is somehow involved in supplying the steel for the border wall, but I haven't been able to confirm this...
--- End quote ---
WOuld it have made any difference if China had partial ownership than Russia or are you after TRump as well.
Firestarter:
I have sometimes tried to find something unique about President Donald, and I think I finally find something that makes dirty Donald stand out from his corrupt predecessor presidents. Donald seems to be the first in a long, long time that could be considered a genuine steel-president (opposed to the many, oil/bank-presidents we’ve seen).
The result of the 25% tariffs on steel imports since March 2018 is devastating on the US economy. This results in higher prices for steel in the US, for which only the US-based steel companies profit. This inflatory effect on steel prices is even higher because of Trump’s approval of the Keystone XL oil pipeline and the US-Mexico border wall for which steel is needed.
While the American steel companies (ironically some of the owned by foreigners) profit from the policies of the Trump administration other sectors that use steel get into serious trouble. Because the higher prices for steel they have a competitive disadvantage compared to foreign firms.
According to the Trade Partnership Worldwide, higher costs from steel and aluminium tariffs would reduce US gross domestic product (GDP) by 0.2% annually. They also predicted that showed that for every job created in the steel or aluminium sector, 16 jobs would be lost in other US sectors, resulting in a loss of jobs due to the tariffs. This isn’t surprising as jobs in steel-using industries outnumber those in steel production by about 80 to 1.
Brazil, Argentina, Australia, Canada, Mexico and South Korea are exempt from the additional tariffs on derivative steel products. This means that the Ferrous Resources of Trump’s friend Carl Icahn, located in Brazil, will profit from the higher prices for exports to the US: https://economictimes.indiatimes.com/news/international/business/us-tariffs-on-derivative-steel-aluminium-imports-take-effect/articleshow/74038597.cms?from=mdr (http://archive.is/sSyvv)
I have seen some stories from the international media and politricksters about the terrors of these tariffs for steel exports. In a strange twist for many of his adoring fans, this really confirms that Trump is the threat to the “globalists” establishment that will Make America Great Again. But the exact opposite is true.
While the steel prices in the US will rise, with a disastrous effect on other sectors in the US that use steel for their products, steel prices in other countries across the globe will drop... While this is bad for the steel producing companies, other companies that use steel will profit from the lower prices. With the result that the tariffs will have a negative effect on the US economy, but a positive effect on the world economy. Because of the higher prices for steel in the US, but lower prices in other countries, some companies (like Harley Davidson) have moved their production overseas. This will make the negative effects for the US economy even worse, while foreign economies will profit even more.
Some countries have understandably retaliated by imposing higher tariffs on products from the US. Hypothetically speaking the US could profit from the better world economy caused by the lower international steel prices in foreign territories, but not if the higher tariffs are only between the US and the rest of the world.
According to the Peterson Institute, US consumers and businesses pay more than $900,000 (£690,750) a year, for every job saved or created by Trump’s steel tariffs, "The reason it's so high is that steel is a very capital intensive industry. There are not many workers". According to experts, the effect is similar for Trump's other tariffs; the tariffs on washing machines cost consumers $815,000 per job created.
The Peterson Institute estimates the additional cost of the steel tariffs to the US economy at $11.5 billion a year, because steel prices are about 10% higher, with only 12,700 jobs created in the steel sector. $11.5 billion / 12,700 jobs = $905,512 per job...
Supporters of Trump's steel tariffs include Tom Gibson, who said the tariffs are righting years of foreign nations like China undercutting US steel production. Gibson points out that imports have fallen from 29% a year ago to 20% and US steel mills are now running at more than 80% capacity, a level not seen in over a decade. Supporters of the tariffs also boast that the US Treasury is receiving more revenue from the tariffs and that the longer the tariffs endure the more the domestic industry will thrive.
Of course in reality the longer the tariffs will remain, the more the US economy will suffer... Trump has claimed other countries pay for the tariffs, but in reality the tariffs are paid for by Americans: https://www.independent.co.uk/news/world/americas/trump-tariffs-steel-aluminium-jobs-consumers-cost-a8904366.html (http://archive.is/MWjQQ)
Tariffs imposed by President Donald Trump have cost American companies $46 billion since February 2018 and US exports hit by retaliatory tariffs have fallen sharply...
Total US exports in 2018 were higher than in 2017, but retaliatory tariffs slowed growth and exports have declined in 2019.
US exports of goods to China hit by retaliatory tariffs were 26% lower in the 12 months ending November 2018 than the year before. Exports of items not facing such tariffs were 10% higher than 2017 levels.
In January, China’s Vice Premier Liu He signed a trade deal at the White House. As part of that deal, the United States halves the 15% tariffs imposed in September 2019, but 25% tariffs on Chinese products instated earlier will remain: https://www.reuters.com/article/us-usa-trade-economy/trumps-tariffs-cost-u-s-companies-46-billion-to-date-data-shows-idUSKBN1Z8222 (http://archive.is/2ZGp8)
Firestarter:
It would be obvious that if Donald is the first steel president in a long, long time that his February visit to India was all about steel?!? India is the world's third-largest steelmaker, but its steel exports have fallen with 46%, according to the Peterson Institute.
US President Donald Trump accompanied by amongst other Commerce Secretary Wilbur Ross was expected to meet a group of Indian CEOs, including Sunil Bharti Mittal (Chairman of Bharti Airtel), N. Chandrasekaran (Chairman of Tata Sons and Baba Kalyani), and Lakshmi N. Mittal (Chairman of ArcelorMittal, and business partner of Wilbur Ross): https://www.businesstoday.in/current/economy-politics/trump-in-india-potus-to-meet-india-inc-ceos-on-tuesday/story/396781.html
Who could have guessed that Donald Trump’s handler, long-time Rothschild banker, and Donald’s Commerce Secretary Wilbur Ross was also a steel magnate, who with his (former) business partners profit from Donald’s steel tariffs (designed by Wilbur himself!)?!?
On 1 March 2017, Wilbur Ross resigned from the board of directors of the largest steel manufacturer in the world, ArcelorMittal. With factories in the USA and Brazil (also exempted from Trump’s steel tariffs) to profit from the steel tariffs. Ross held $750,000 to $1.5 million in ArcelorMittal and, while he promised to divest his stake, he didn’t say how fast.
Wilbur Ross reported that he was on ArcelorMittal’s board since 2008, and that he earned about $107,000 in “director fees” in 2016. According to ArcelorMittal’s SEC filing, Ross was a director since 2005 and earned $171,000 in 2016 and $180,000 in 2015.
The biggest stake in ArcelorMittal (Luxembourg-based) is held by its chairman and CEO, the Indian Lakshmi Mittal (living in the UK, where else?!). Mittal has also been a board member of Goldman Sachs since 2008.
From 2013 to 2015, ArcelorMittal has lobbied for more than $3.5 million to get the Keystone XL pipeline approved. ArcelorMittal has sold huge amounts of steel for the Keystone XL pipeline. Most of it sold to Welspun Tubular in Arkansas from its plant in Bremen (Germany).
In the early 2000s, Ross bought up distressed American steel firms, and merged them under the name International Steel Group (ISG). In February 2002, ISG purchased LTV Group’s steel division. A couple of weeks later, President George W. Bush suddenly announced new tariffs on imported steel. Ross has later sort of admitted that he knew these tariffs were coming!
In late 2004, Ross sold ISG to Ispat Steel (located in the Netherlands, where else!?), that renamed itself Mittal Steel. Ross and the other investors earned about $2 billion in the deal. Ross was appointed to its board in 2005. In 1995, Lakshmi Mittal had bought Ispat Steel for 1 GBP and then bankrupted it, so he wouldn’t have to pay its debts.
In 2006, Mittal (already the world’s largest steel company) merged with Luxembourg’s Arcelor (the second-largest steel company in the world) into ArcelorMittal – still the world’s largest steelmaker producing 10% of the world’s steel: http://archive.is/aIFeb
White House spokesperson Lindsay Walters said: “Secretary Ross is leading the administration’s approach on steel”.
In 2002, Wilbur Ross and his investing partners bought up US steel companies in financial trouble, including LTV Corp., Weirton, and Bethlehem Steel. When Mittal bought Wilbur & Co’s ISG, Forbes listed Mittal as the third richest billionaire in the world.
Ross made a 12-fold gain on his initial investment, his profits boosted by not paying steel workers’ pensions nor cleaning up the pollution caused by the steel factories, which would cost hundreds of millions of dollars. The bankruptcy court allowed ISG to acquire the steel assets without paying to clean up the pollution left at the sites. The US government demanded $162 million from Bethlehem Steel to clean 9 of its Superfund sites, but the bankrupted company negotiated a deal that was worth “three-tenths of a cent on the dollar”.
After ISG sold it to Mittal, Sparrows Point was in turn sold in 2008 to Russia’s largest steel company, Severstal, run by Alexei Mordashov (who has been reported as Russia’s richest man and present at the 2011 Bilderberg meeting). In 2011, Mordashov sold Sparrows Point to the American Renco Group, whose founder and chair is none other than ultra-Zionist Ira Rennert: https://theintercept.com/2018/03/05/steel-tariffs-wilbur-ross-pollution/ (http://archive.is/uoKDJ)
I had earlier posted about Rennert here: https://www.lawfulpath.com/forum/viewtopic.php?f=27&t=1398&p=5488&#p5488
I had earlier posted on Rothschild business partner, Prince Charles’ “acquaintance”, ArcelorMittal CEO Lakshmi Mittal here: https://www.lawfulpath.com/forum/viewtopic.php?f=7&t=1359&p=4935
Firestarter:
I’m more surprised that it took so long (in the third year of Donald’s presidency) than that this was done. I’ve posted on the connections from the Trump/Kushner crime syndicate to steel barons that make less profit because of some silly environmental concerns.
On 4 June, President Donald signed an Executive Order (EO) that allows federal agencies to ignore regulations from the National Environmental Policy Act and the Endangered Species Act on new large infrastructure projects. At the same time, Donald’s Environmental Protection Agency is proposing a new rule that would circumvent the Clean Air Act so they can ignore public health in their cost-benefit analyses.
President Donald’s 4 June EO could be used to approve new pipelines, highways and mines. President Donald is using an “emergency” declaration to help those “poor” owners of (amongst others) mines through the COVID-19 “pandemic”. Maybe this is another reason to keep the “pandemic” going for as long as Donald can...
Some argue that poor communities (including non-whites) will disproportionally become the victim of bypassing regulation like this. There are more stories on the environmental damage that this will cause than criticism of the Trump administration and their obvious conflict of interests. Lauren Pagel of Earthworks Policy commented: --- Quote ---President Trump is exploiting a global pandemic to further marginalize voices calling for a more just and equitable society. Today's Executive Order is another example in far too long a list of how this Administration runs roughshod over our basic values: an attempt to deliberately silence people in decisions that immediately impact their lives. --- End quote --- https://www.npr.org/2020/06/04/870098279/trump-waives-environmental-reviews-citing-pandemic-economic-emergency
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