Peter Navarro is one of only three senior White House officials to serve at the right hand of Donald Trump all the way from the 2016 campaign to the end of his first term in 2021. At the Trump White House, Peter was the President’s Chief China Hawk and helped craft many of the tough tariffs and sanctions Donald Trump would impose upon Chinese Communist regime. As the Director of the Office of Trade and Manufacturing Policy, Peter Navarro helped President Trump create hundreds of thousands of manufacturing jobs through tough trade policies, by drafting numerous buy American, Hire American executive orders on behalf of the president, and through targeted interventions at key defense facilities like the Philadelphia shipyard and Ohio’s Lima Army Tank Plant. At one point, Peter also played a pivotal role securing our Southern border by helping to bring about the so-called safe third country agreements with both Mexico and the Northern Triangle countries of Guatemala, Honduras, and El Salvador. During the pandemic, Peter Navarro was also the first to call out Dr. Anthony Fauci for his Never-Trump duplicity and for Fauci’s role in helping the Chinese Communist Party create a deadly viral bioweapon in a Wuhan lab funded by Fauci’s NIH. This COVID-19 virus has already killed millions of people worldwide. Peter Navarro started this podcast as an extension of his book Taking Back Trump’s America. This best-selling book -- please buy it on Amazon! -- has become both the blueprint and battle cry for the modern MAGA movement and Peter’s mission is to return Donald Trump to the White House in the 2024 presidential election and restore peace and prosperity to this great land.
Episodes
Friday Mar 10, 2023
Friday Mar 10, 2023
Hi. I’m Peter Navarro, and it’s Friday morning just a few hours after the latest jobs report came out and sent yet more ripples through both the stock and bond markets. I will parse those numbers for you in this podcast as well as assess that emerging crisis and contagion in the global banking system that has, in part, been catalyzed by a collapse of the stock price of Silicon Valley Bank. And please note, that if you would like a transcript of this podcast, as well as other premium analysis, please go to PeterNavarro.substack.com.
Okay. Let’s start off this podcast with this riddle: How can you have a robust rise well above expectations of monthly new jobs AKA nonfarm payrolls and still see both a rise in the unemployment rate and a slowing of monthly wage growth? To any economist, this trifecta doesn’t make a lot of sense.
You would think that if nonfarm payrolls are growing robustly – in fact, they have beaten expectations for the last 11 months, which is a record – that the unemployment rate would fall and wage growth would increase. But that’s not what’s happening in the United States of America; and the reason is as simple as the answer to this riddle – illegal immigration.
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