A Memo to President Xi

Friday August 14, 2026 A Memo to President Xi To President Xi Jinping From Intelligence Staff The good news is that our program of keeping the USA off balance is working, here are examples. Domestic – The U.S. annual growth rate for the second quarter of 2026 is reported at 1.5%, reflecting a slowdown from the previous quarter's growth of 2.1%. We attribute this to the confusing and frequent changes in his tariff policies. These have caused multi-billion dollar write-offs in major industries such as autos. North America – Casting aside the USMCA US Mexican Canadian Agreement of 2020, Trump wants to again re-write another trade agreement. This has Canadian Prime Minister Mark Carney negotiating with us, China, for more trade. Mexican trade remains fairly strong except for the unrestrained violence caused by US domestic drug use. Europe - Apr 2, 2026 · President Donald Trump disparaged NATO on Wednesday, threatening to walk away from the 32-nation defense bloc over its response to the war in Iran. This leaves Europe scrambling to ramp up defenses against a possible incursion from the East. Iran – “The Strait of Hormuz won’t reopen until the US corrects its behavior. “ This quote is from the Iranian Supreme National Security Council. The gasoline futures market, since the start of his Iran adventure, have risen from $1.80 to $3.16, an increase of 75%. He now blames his own domestic energy industry for making too much money. It is hard to imagine any action we might have taken to achieve such an increase in six months. This has increased his vulnerability in the November elections for the Congress. Losing the House of Representatives, which seems likely, will effectively shut down any further Presidential initiatives. You did inquire as to which of our programs brought these results. As far as we can tell, we did nothing. All of this happened since February 28 with no effort on our part. West Texas Intermediate trades at $81.72 as I write. Last week I suggested $80 was the average of the recent highs and lows and that is about where we are. .This is good news for the Permian Basin. The price of energy stock shares advanced. Crypto currency traders have apparently shifted to AI and semi-conductor stocks. The SOX index of semi-conductors recently fell from 14,500 to 11,000. It is now back to 12,500 which is the 50-the day moving average. Challenging that level will be an important test for the tech sector. The SPX index has jumped to 7,800. A final pop to the high 7,880s seems likely. A change in the equity markets usually starts with some fundamental event. The events since February 28 have me wondering if that will give the markets pause. www.professorelam.blogspot.com