Tags

, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,


Trump’s original infrastructure plan was to hand part of US infrastructure to the Saudi Government and Blackstone, generating some of the new revenue streams that the Saudi government has been seeking. We don’t know if his plan involved tolled roads, owned by Saudi Arabia, or debt. Either way, once the US frees itself from energy dependence upon Saudi Arabia, they would still control Americans and US foreign policy by owning its infrastructure. There’s no reason to believe that his plan has changed, though the amount that they proposed in 2017 is inadequate for needs. There are many other oil rich countries with sovereign wealth funds, too, who are seeking new revenue streams for the petroleum free future.

Trump has done business with rich Saudis for at least 32 years. The Saudi government has continued to back Islamic extremists, as well as making people more open to extremism through their policies. Trump wants to let Saudi Arabia build America’s infrastructure, America’s roads, bridges, and probably airports, too. Maybe he will sell them US air traffic control, which he wants to privatize?

C27281-24, King Fahd and the Reagan’s greeting Ivana Trump with Donald Trump at a state dinner for King Fahd of Saudi Arabia in the blue room. 2/11/85.

Trump’s frightening infrastructure plan: “It would cut more than $168 billion from existing transportation and infrastructure programs to pay for Wall Street and foreign investors to toll our roads, and it would gut bedrock environmental, clean water, and clean air protections under the guise of speeding up projects.” https://miningawareness.wordpress.com/2019/05/23/trump-infrastructure-proposal-a-scam-fails-to-address-critical-infrastructure-needs/

Blackstone, Saudi’s PIF plan $40 billion infrastructure investment fund Posted:Sat, 20 May 2017 12:19:02 -0400
RIYADH (Reuters) – U.S. private equity firm Blackstone and Saudi Arabia’s main sovereign wealth fund said on Saturday they planned to create a $40 billion vehicle to invest in infrastructure projects, mainly in the United States“. http://feeds.reuters.com/~r/reuters/businessNews/~3/ZCQMU2yGfFE/us-usa-trump-saudi-blackstone-group-idUSKCN18G0OW. (The infrastructure investment would be by the Saudi government, i.e. PIF – Sovereign Wealth Fund. )

UPDATE 3-U.S., Saudi firms sign tens of billions of dollars of deals as Trump visits Posted:Sat, 20 May 2017 14:22:03 -0400
* Deals range from healthcare to oil and military procurement (Adds announcement of tech, infrastructure funds)http://feeds.reuters.com/~r/reuters/companyNews/~3/WfMKBxhpV0k/saudi-usa-trump-deals-idUSL8N1IM06C

The Benefits of Standing by the President” – The New York Times, Aug 19, 2017 · “Stephen Schwarzman of Blackstone is among President Trump’s most reliable Wall Street allies. His Washington profile helped nail a big deal in Saudi Arabia….https://www.nytimes.com/2017/08/19/business/the-benefits-of-standing-by-the-president.html

Update: Tweet by US Congressman Connolly shows just how steep these tolls can be. Remember that cars powered directly or indirectly by renewable energy (e.g. Solar) will still require roadways.

Link: https://twitter.com/GerryConnolly/status/1131542042272763904
Archive: https://archive.li/aYce9

This week, however, Trump expressed no intention of discussing infrastructure, until he got his NAFTA replacement passed, as seen in his May 21st letter to Congress: https://www.politico.com/f/?id=0000016a-decc-d271-a56a-decfa0d50001

Below is from Trump’s February 12, 2018 plan. His proposed federal funding is only at 13% of total funding. That means that the balance is going to either fall to cash strapped state, local, or tribal governments or the “private” sector, which means the population will be paying tolls to Saudi Arabia, Blackstone, and others. Or, possibly state, local, and tribal governments will borrow directly from Saudi, Blackstone & others: “$200 billion in Federal funds to spur at least $1.5 trillion in infrastructure investments with partners at the State, local, Tribal, and private level.”
http://web.archive.org/web/20190409125109/https://www.whitehouse.gov/briefings-statements/building-stronger-america-president-donald-j-trumps-american-infrastructure-initiative/

Trump’s 2020 program seems to be similar but is written in a less clear manner. The $1.5 trillion is now apparently reduced to $1 trillion. Note “private partners”.
The Administration’s Plan: Invest at Least $1 Trillion in Infrastructure
The President has called upon the Congress to pass legislation that generates at least $1 trillion in infrastructure investment. The 2020 Budget supports achieving this goal by: • Seeking a long-term surface transportation reauthorization. The Budget commits to working with the Congress on a long-term surface transportation reauthorization bill. The current authorization, the Fixing America’s Surface Transportation (FAST) Act of 2015, expires at the end of 2020. We must provide our State, local and private partners – who build, own and operate the vast majority of the Nation’s surface transportation infrastructure – the long-term funding certainty they need to effectively plan and deliver projects. Such reauthorization must, at a minimum, address the long-term solvency of the Highway Trust Fund in a fiscally responsible manner, focus on nationally and regionally significant projects (emphasizing projects on the Interstate Highway System and other nationally-strategic freight networks), support emerging technologies and innovation, encourage the revenue mechanisms of the future, and promote more efficient and effective permitting. Providing $200 billion for other infrastructure priorities. In addition to a long-term surface transportation reauthorization, the Administration believes it is important to provide additional investments in infrastructure, across a range of sectors, including water infrastructure. The Administration looks forward to working with the Congress to develop a package that will significantly improve the Nation’s infrastructure, and the Budget includes $200 billion towards this effort
“.
https://www.whitehouse. gov/wp-content/uploads/2019/03/FY20-Fact-Sheet_Infrastructure_FINAL.pdf (Link intentionally broken before gov; restore it for use).

The Highway Trust Fund tax revenue was around $41 billion for 2018: http://web.archive.org/web/20190302154631/https://www.taxpolicycenter.org/briefing-book/what-highway-trust-fund-and-how-it-financed Highway Trust Fund Highway account opening balance for March $29,153,105,231. https://www.fhwa.dot.gov/highwaytrustfund/

Notice that not all of this money is even for infrastructure. The 2015 FAST Act $305 billion is actually the total for 4 years and they appear to have spent much less than allowed or only around $44 billion per year: http://web.archive.org/web/20180609215352/https://www.fhwa.dot.gov/fastact/estfy20162020auth.pdfThe FAST Act On December 4, 2015, President Obama signed the Fixing America’s Surface Transportation (FAST) Act (Pub. L. No. 114-94) into law—the first federal law in over a decade to provide long-term funding certainty for surface transportation infrastructure planning and investment. The FAST Act authorizes $305 billion over fiscal years 2016 through 2020 for highway, highway and motor vehicle safety, public transportation, motor carrier safety, hazardous materials safety, rail, and research, technology, and statistics programs” .https://archive.li/https://www.fhwa.dot.gov/fastact/

Trump’s 2020 budget itself says: Funding Highlights:
• The mission of the Department of Transportation (DOT) is to ensure that the Nation has the safest, most efficient and modern transportation system in the world; the system improves the quality of life for all American people and communities, from rural to urban; and the system increases the productivity and competitiveness of American workers and businesses.
• The Budget request for DOT focuses on its critical transportation safety mission and provides targeted investments in competitive programs that effectively leverage Federal resources to spur larger, partnership-driven investment in infrastructure in key areas.
The Budget requests $21.4 billion in discretionary budget authority for 2020, a $5.9 billion or 22-percent decrease from the 2019 discretionary estimate. The Budget also provides $62.2 billion in mandatory funds and obligation limitations
. https://www.whitehouse. gov/wp-content/uploads/2019/03/budget-fy2020.pdf (Link intentionally broken before gov; restore it for use). Cover page: http://web.archive.org/web/20190518070010/https://www.whitehouse.gov/wp-content/uploads/2019/03/budget-fy2020.pdf

Generally speaking: “The federal government pays for about one-quarter of spending on highway infrastructure and transit projects; the remainder is financed by state and local governments.” https://www.cbo.gov/topics/infrastructure-and-transportation/surface-transportation

And, “State and local governments are the main owners of highways, mass transit systems, airports, and water systems nationwide. In recent years, 60 percent of the investment in such infrastructure that state and local governments have made from their own funds (excluding federal grants) has been financed using mechanisms that impose costs on the federal government: tax-exempt bonds, state revolving funds and infrastructure banks (“state banks”), tax credit bonds, and direct federal credit programs.
Use of Federally Supported Financing Mechanisms. On average between 2007 and 2016, states and localities invested $64 billion per year (in 2017 dollars) in transportation and water infrastructure using those financing mechanisms:
* $43 billion per year in tax-exempt bonds,
* $9 billion per year in loans by state banks,
* $8 billion per year in tax credit bonds (all from $82 billion of Build America Bonds sold in 2009 and 2010), and
* $4 billion per year from federal credit programs
.”https://www.cbo.gov/publication/54549

WE WILL LET THE INTERESTED READER PARSE THROUGH THE INFORMATION AND FIGURE IT OUT. TRUMP’S A CON MAN AND THIS IS A CON GAME TO FLEECE AMERICANS AND LOCK THEM INTO DEBT AND OTHER BONDAGE TO FOREIGN INTERESTS. ANYTHING ELSE IS SIMPLY DETAILS.

In 1985 Osama Bin Laden’s (supposedly westernized) half brother put a deposit on an apartment in Trump Tower and lived there for four months in 1986.[1]

Trump sold the 45th floor of Trump World Tower to the Kingdom of Saudi Arabia for $4.5 million in June 2001, according to a city Finance Department spokeswoman.” It only became part of the Saudi Mission to the UN seven years later, in 2008. [1] Did they have a room with a view of 911?

Beginning in June 2001, we [the CIA] received a barrage of intelligence indicating that al-Qa’ida associates in Afghanistan and abroad expected imminent attacks against unspecified US interests” [2]


https://intelligence.house.gov/uploadedfiles/declasspart4.pdf

The Saudis could save time and energy by simply building the explosives into the US roads and bridges. Although they would probably not do this, because they want the tolls-their investments back, it still opens the US up to terrorist attacks by those who hate Saudi Arabia, as well as those who hate the US. Owning airports would certainly facilitate access for a future 911. The President has ultimate say under CFIUS, meaning the Saudis apparently have it rigged in their favor.

Saudi Arabia has continued to support Islamic extremism (al-Qaeda affiliates), as well as contributing to the creation of more desperate people through war, who may be more open to extremism.

Crown Prince Mohammed Bin Salman was already Saudi Minister of Defense when Saudi Arabia supported the formation of “The Army of Conquest” in Syria which was primiarly composed of al-Qaeda affiliate the al-Nusra Front, as well as Ahrar al-Sham, with a similar ideology. In Yemen he began an air war against the Houthis and Yemen’s army which benefited al-Qaeda in the Arabian peninsula. This is based on a German Intel memo. Read: “Prince Mohammed bin Salman: Naive, arrogant Saudi prince is playing with fire German intelligence memo shows the threat from the kingdom’s headstrong defence minister“, by Patrick Cockburn, Saturday 9 January 2016 23:00 GMT. https://www.independent.co.uk/news/world/middle-east/prince-mohammed-bin-salman-naive-arrogant-saudi-prince-is-playing-with-fire-a6804481.html

https://miningawareness.wordpress.com/2017/12/15/does-the-flynn-middle-east-nuclear-reactor-deal-include-a-plot-for-a-new-oil-cartel-to-double-the-price-of-oil/

Trump with Saudi Crown Prince Mohammed Bin Salman

Turkey and Saudi Arabia alarm the West by backing Islamist extremists the Americans had bombed in Syria, Joint approach by Turkey and Saudi Arabia graphically illustrates how the interests of the Sunni regional powers are diverging from those of the US in Syria“, by Kim Sengupta, Tuesday 12 May 2015 06:00 BST http://www.independent.co.uk/news/world/middle-east/syria-crisis-turkey-and-saudi-arabia-shock-western-countries-by-supporting-anti-assad-jihadists-10242747.html

President Trump has done business with royals from Saudi Arabia for at least 20 years, since he sold the Plaza Hotel to a partnership formed by a Saudi prince.” NYTimes: “Trump’s Business Ties in the Gulf Raise Questions About His Allegiances“: “In the feud among nations in the Persian Gulf, President Trump has supported those with which he does business https://www.nytimes.com/2017/06/17/world/middleeast/trumps-business-ties-in-persian-gulf-raise-questions-about-his-allegiances.html. https://en.wikipedia.org/wiki/Plaza_Hotel

Trump’s Saudi friends sentenced a young man to having his head cut off followed by crucifixion for participation in pro-democracy protests. Ali Mohammed Baqir al-Nimr: “According to a court judgment, he “encouraged pro-democracy protests [using] a BlackBerry“. https://en.wikipedia.org/wiki/Ali_Mohammed_Baqir_al-Nimr https://en.wikipedia.org/wiki/Nimr_al-Nimr

And, of course, Khashoggi was killed: https://en.wikipedia.org/wiki/Jamal_Khashoggi

Terror funding report: Calls grow for release of ‘sensitive’ Home Office document ‘pointing finger at Saudi Arabia’ Jeremy Corbyn and Tim Farron among voices urging prime minister to publish delayed inquiry thought to target major UK weapons buyer following latest terror attack on British soil“, by Bethan McKernan Beirut @mck_beth Monday 5 June 2017 http://www.independent.co.uk/News/uk/terror-funding-report-home-office-saudi-arabia-jihadis-attacks-suppress-tory-uk-release-sensitive-a7773146.html

https://en.wikipedia.org/wiki/Abdullah_of_Saudi_Arabia
https://en.wikipedia.org/wiki/Abdulaziz_bin_Salman_Al_Saud
https://en.wikipedia.org/wiki/Mohammad_bin_Salman

What did Hillary say about Saudi Arabia? “…we need to use our diplomatic and more traditional intelligence assets to bring pressure on the governments of Qatar and Saudi Arabia, which are providing clandestine financial and logistic support to ISIL and other radical Sunni groups in the region.” [3]

[1] “EXCLUSIVE: Donald Trump made millions from Saudi Arabia, but trashes Hillary Clinton for Saudi donations to Clinton Foundation“, BY STEPHEN REX BROWN, NEW YORK DAILY NEWS , Sunday, September 4, 2016, 4:00 AM. https://archive.li/lLhHQ The article has copies of original documents, though we could see no clear date. https://archive.li/lLhHQ/a4bfaed2679a85ef8700c3f0e088835f09d7fc4f.jpg See too: https://www.dailykos.com/stories/2016/10/4/1577831/-Donald-Trump-was-paid-5-million-by-the-Saudi-government
[2] https://www.cia. gov/news-information/speeches-testimony/2002/dci_testimony_06182002.html
[3] Quote from Hillary email to John Podesta: “Aug 17, 2014 3:50 PM, “H” wrote: Note: Sources include Western intelligence, US intelligence and sources in the region.” https://wikileaks. org/podesta-emails/emailid/3774 ). Note that it is unfair to conflate lobbyist Tony Podesta with his brother John Podesta, as Trump- Russia news sources tried to make everyone do. It has been a very long time since John Podesta worked with his older brother Tony. Some siblings are similar and some are opposites.

https://en.wikipedia.org/wiki/Trump_World_Tower
https://en.wikipedia.org/wiki/World_Trade_Center_(1973–2001)
According to the article Trump World Tower was completed in 2001.