White House Trade and Economic Advisor Peter Navarro takes a well deserved victory lap on the latest U.S. consumer sales news.  The Census Bureau report yesterday highlighted that consumer sales remain strong at +0.6%, significantly higher than all economists forecast [DATA HERE].

Retail sales growth is important because approximately two-thirds of the U.S. GDP growth is driven by consumer sales.  With inflation low, retail sales high, and with a previously reported drop in U.S. imports, the ¹second quarter GDP is likely to be much stronger than anyone previously predicted.  Thus, Peter Navarro is leaning forward against the naysayers.

This is essentially a repeat of the 2017/2018 economic outcome from President Trump’s first term in office.  The tariffs, which are applied to the ‘cost’ side of the dynamic, are mostly being absorbed by major producing nations who are reliant upon export to the U.S. market.  Simultaneously, the tariffs are generating income – essentially exfiltrating foreign wealth and returning those funds to the USA; a complete reversal of the rust-belt dynamic.   WATCH:

What Peter Navarro outlines is the core of MAGAnomics.  This is also the baseline for our CTH assembly in support of economic nationalism, which is why we ended up in conflict with the Chamber of Commerce Republicans.

Tariffs are a tool to leverage reciprocal trade, and as long as nations like China continue taking measures to subsidize their exports, the tariffs simultaneously take wealth (those subsidies) from Beijing and return it to the USA.

This reality has always been the model we predicted would be successful for Americans, and I will remind everyone that ONLY DONALD TRUMP could deliver this MAGAnomic program.  Everything else, Epstein, Musk, etc. is chaff and countermeasures deployed by both Democrats and Republicans in an effort to take back control of the money flow.

Remember, Democrats want power – Republicans want money.  Democrats use money to get power, while Republicans use power to get money.  This is how the two-wings of the DC UniParty vulture maintain status.

You can see that if you take away the money, democrats lose power.  Simultaneously if you take away control of the money, the republicans go bananas.  This dual reality forms the baseline of the elite club opposition against President Trump.

At the core of the opposition you find money, control of the USA treasury as a weapon.  When you understand that aspect, you understand the motives of Federal Reserve Chairman Jerome Powell.

FED Chair Powell’s refusal to lower interest rates is an attempt to assist both wings of DC by trying -and failing- to influence the money flows.  Democrats support Powell’s approach because they want power.  Republicans are willfully blind to Powell’s approach because they want to get back in control of the money.

Pro-America economic policy, MAGAnomics, is like kryptonite to Washington DC.

¹The second quarter GDP (April, May, June) will be reported on the last Friday in July.