Trump's Emergency Powers and China

Dear Friend of America's Survival,

President Trump is claiming the International Emergency Economic Powers Act (IEEPA) gives him the authority to order companies out of China.  The N.Y. Times' Peter Baker counters that the law is "meant to enable a president to isolate criminal regimes," but is "not intended to be used to cut off economic ties with a major trading partner because of a disagreement over tariffs."

Red China IS a criminal regime.

The Congressional Research Service notes: "IEEPA grants sweeping powers to the President to control economic transactions. Despite these broad powers, Congress has never attempted to terminate a national emergency invoking IEEPA."

The National Emergencies Act of 1976 and the International Emergencies Economic Powers Act of 1977 authorize the president to declare national emergencies and take action when facing "unusual and extraordinary" wartime threats. These laws let the president regulate imports, exports and financial transactions involving the targeted country, group or individuals.

President Bill Clinton waged his war in Kosovo through executive orders and presidential directives. Clinton used executive orders to designate a “war zone,” call up troops, proclaim a “national emergency” with respect to Yugoslavia, and impose economic sanctions on the Belgrade government. All of this was illegal and unconstitutional because the province of Kosovo, where a Muslim terrorist group was operating, was never a threat to the U.S.

Note: Clinton intervened on BEHALF of the Muslims.  The fact is that Clinton had a pro-Muslim foreign policy that actually benefited Osama bin Laden and facilitated 9/11. 

Read our special report, "How Clinton Waged War Through Executive Order." 

With the G-7 meeting (Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States) underway, it is important to consider how our "allies" will deal with China and what impact these actions will have on the global economy. Will Trump have to wage war on China alone?  He seems prepared to do so. 

​In this context, Chris Temple,  Editor/Publisher of The National Investor,  is warning of "THREE epochal changes/factors [which] are converging before our eyes right now." They are:

     1.  The "end game" globally of fractional reserve banking [a system in which only a fraction of bank deposits are backed by actual cash on hand] and whether the U.S. dollar will continue as the world's reserve currency.  

     2.  A retreat from the Globalization regimen that has more or less governed the world since the end of World War 2, and 

     3.  The emergence of a U.S. President who is NOT at all invested in "saving" either of these regimes.

We are also entering what he calls "the next phases of the New Cold War with China."

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​For America's Survival
Cliff Kincaid