Understanding Gary Cohn -vs- President Donald Trump…

Recently there has been a great deal of opinion on Chief Economic Advisor to President Trump and his recent critique of President Trump’s comments surrounding the events in Charlottesville, Virginia.  For many people the latest Cohn -vs- Trump scenario is just more proof that President Trump is succumbing to influence/pressure from the wrong side of the ideological spectrum.

This outline is intended to directly speak toward those concerns.  However, to understand the dynamics of Gary Cohn -vs- Donald Trump it is first necessary to understand the perspective of Gary Cohn and President Trump.

Few people have an appropriate understanding of the scale, scope and seismic shift President Trump is delivering to the world of geopolitical financial influence.  A recent comment by someone who appears to understand the dynamic reads thus:

Enjoy this because we will never see this again. You’ll never see your president shift the pendulum the way Donald Trump is. The international market of high-pressure real estate development and financing incorporates every facet of business activity known to humanity and no President we have ever had has been more prepared to do what needs to be done then President Donald J Trump. In addition to trying to right the ship he has to navigate waters filled with landmines and torpedoes and those firing the torpedoes claim to be Americans. God bless this man.  ~ FromSeaToShiningSea

That’s a good a place as any to elevate the discussion, review the historic nature of the participants, and comprehend the dynamics behind: Manhattan -vs- Queens; Global finance -vs- National interests; Wall Street -vs- Main Street; and ultimately Gary Cohn -vs- Donald Trump.

I’m not going to go through the history of Donald Trump’s ambition to head into Manhattan as a property developer and the warnings from his Father Fred Trump about leaving Queens to engage with the sharks; the “killers”; most readers have some familiarity with the story.

Suffice to say the young man who grew up picking up good nails on job sites while learning the value of a dollar, decided he would cross boroughs into the most Machiavellian cut-throat and dangerous real-estate in the world, and conquer the killers.  He decided to prove his merit in the brutal world, amid the most brutal people, in a place where survival meant crushing your opposition before they crushed you.  Against all odds and adversity Trump scrapped, ascended and finally conquered.

Why does that matter now?

The answer is simple really. The same elemental forces Donald Trump fought and defeated for three or four decades, carry the same principle opposition today.  The difference is the scale is much larger, the opposition even bigger, and the consequences far greater.

Wall Street -vs- Main Street doesn’t even begin to accurately assign the scope of current opposition.  Wall St. -vs- Main St was the appropriate context to understand the 2016 presidential election.  However, the election is over, Trump won.  Now President Trump is engaged in an epic economic battle between ‘Global Multinational Financial Interests’ -vs- ‘America-First Economic Interests’.

Gary Cohn was the President and Chief Operating Officer of Goldman Sachs for eleven years prior to joining President Trump as Chief Economic Advisor.  Gary Cohn is a financial apex predator amid a closed circle of well known multinational apex predators.

[Why Cohn joined Trump, is a weird dynamic, but at it’s core there’s a dichotomy few have noted.  Apex financial Cohn came out of a blue collar pool within U.S. Steel, a Main Street enterprise.  Additionally, Cohn’s last twenty years of Wall Street experience shifted him onto a unique and specific track to be the top candidate for Chairman of the Federal Reserve (after Yellen).]

President Trump has been thinking about the cancer within the globalist advancement for about the same length of time Cohn was ascending amid the global financial elite.  Review interviews from 1980’s, congressional testimony from 1990’s, all the way through Trump’s 2015 announcement to run for President and you’ll see the exact same perspectives repeated for three decades.  In short, Trump knows the problem – and he’s obviously been thinking about how to deal with it for a long time.

Obviously ‘dealing with it‘ means confronting the predators within the systems of greatest familiarity to Gary Cohn; not only confronting them, but deconstructing much of their enmeshed and globalist high-finance structures.  Candidate Trump knew President Trump was going to be disrupting a financial system – that carries risks of economic failure if not handled carefully.

That’s where the value of Gary Cohn comes in.  Cohn represents a stabilizing and known commodity amid the apex predators who President Trump would be confronting.  Trump needed to keep the financial system satiated and stable while creating the underlying architecture of the America-First economy.  Trump’s economic policies benefit Main Street over Wall Street and reverse three decades of Wall Street favoritism by DC fiscal policy.

President Trump needed, and needs, a steady overall financial system while the economic policy shift is taking place. Having Cohn on board while the economic shift is happening keeps the people within the system from reacting too heavily to the shifts.  That’s Cohn’s value to Trump.

President Trump’s value to Gary Cohn, and those of like-minded association, comes from their anticipation of a smooth transition in Federal Reserve Chairmanship.  However, much like Trump’s approach to conquering Manhattan – he’s also intent on severely, and yet subtlety, changing the geography of the predators themselves.  This truism is unmistakable when you look at current economic path and the way-points already passed. Things are definitively changing, bit by planned and sequential bit.

Within the circle of key Donald Trump America-First economic principals you find Commerce Secretary Wilbur Ross and Treasury Secretary Steven Mnuchin.  These two people are critical for President Trump as trade and finance act in concert with the larger America-First policy.  Ross and Mnuchin are to economic policy as Mattis and Tillerson are to foreign policy.

Additionally, people who think that President Trump is likely swayed by the influence of Gary Cohn should have noticed something recently that would put those fears to rest.  However, I totally understand why most would miss it – the media never shares it.

Think of the social circle of Gary Cohn, and the current business network of Mr. Cohn, against the backdrop of his being President and Chief Operating Officer of Goldman Sachs for the past 11 years.   Put yourself in his shoes for the next few paragraphs.

♦Three months ago Goldman Sachs purchased almost $3 billion in bonds from Venezuela state owned national oil company Petróleos de Venezuela, or PDVSA.  At a discount rate of .30 on the dollar.  Goldman Sachs joined other PDVSA multinational bond holders like BlackRock, T. Rowe Price, Fidelity, JPMorgan Chase and Ashmore.

These are massive multinational banking and financial players.  However, even for Goldman Sachs a three billion bond purchase is a big stake in PDVSA.

♦Now, – What did President Trump and Treasury Secretary Steven Mnuchin do yesterday?  President Trump dropped and executive order MOAB on PDVSA.

(Via LA Times) The Trump administration on Friday slapped sweeping financial sanctions on Venezuela, barring banks from any new financial deals with the government or state-run oil giant PDVSA.

[…] The new actions prohibit dealings in new debt and equity issued by the government of Venezuela and its state oil company. It also prohibits dealings in certain existing bonds owned by the Venezuelan public sector, as well as dividend payments to the government of Venezuela. (read more)

(Via AP) The fourth round of sanctions announced by the Trump administration is the strongest yet. They prohibit U.S. financial institutions from engaging in any new financial deals with the Venezuelan government or state-run oil company PDVSA.

This includes any transactions involving new debt or equity issued by the Venezuelan government or PDVSA. It also bans PDVSA’s American subsidiary, Citgo, from sending dividends back to Venezuela as well as the trading of two bonds recently issued by Maduro’s government to circumvent the growing financial stranglehold.

[…]  The sanctions will make it harder and costlier for Venezuela to scrounge up badly needed financing, raising the possibility that it will have to stop payment on its ballooning foreign debt. The government and PDVSA have about $4 billion in debt payments coming due before the end of the year but only $9.7 billion in international reserves on hand, the vast majority consisting of gold ingots that are hard to trade immediately for cash.

So far Venezuela has shown itself to be a reliable borrower, prioritizing bond payments to foreign lenders even while Venezuelans suffer widespread food and medicine shortages. It also has options in allies Russia and China. In the past both have stepped in to fill financial holes, albeit under increasingly exacting terms requiring Venezuela to put up part of the world’s biggest oil reserves and even a 49 percent stake in Citgo as collateral. (more)

How are all those multinational bond holders going to get their PDVSA bond returns back if the Venezuela government can’t issue additional new bonds or engage in new financial deals on behalf of its state run oil enterprise?

President Trump and Secretary Mnuchin have just increased the risk to all of the Venezuela bond holders. As SayIt2016 Rightly Explains:

[…] All of the holders of these bonds are now dependent on the deal that President Trump strikes with Venezuela. They literally are at his mercy. BlackRock, T. Rowe Price, Fidelity, JPMorgan Chase and Ashmore etc., as well as other countries that hold these bonds as well.

President Trump could identify all of the entities and the total amount of exposure they have on their bonds (dollar wise) whether it be Private holders, Security holders or Gov holders that hold these bonds and determine what their business product or areas of influence are.

The one holding all of the cards (TRUMP) gets to make the rules. They want something tangible from Trump, well he might want something tangible from them. Trump gets what he wants or they do not get what they want; either way the US wins.

Yep.  You see President Trump is not afraid to engage those multinational financial predators and/or make their paper finances worth-less, or worthless if need be.  He’s not beholden to them or anyone else.  Trump, Mnuchin and Ross are fearlessly engaged on America First and focused like a laser on achieving that objective.

Now think about Economic Advisor Gary Cohn, the former Goldman Sachs COO and current personal friend of Lloyd Blankfein CEO of Goldman Sachs, sitting in the room with President Trump and Secretary Mnuchin on Wednesday and Thursday while hearing about the upcoming sanctions against Venezuela and PDVSA that Trump was going to deliver via Executive Order, and announce on Friday.  Oh, and Gary Cohn can’t say a word about it to anyone outside of the room.

If that’s not a prime example of how President Trump, Mnuchin and Ross are going about the business of America-First and Gary Cohn being completely irrelevant on the actions and policies, I don’t know a better current example to provide you.

Those Wall Street and Multinational interests that everyone rightly reviews through the prism of globalist advancement are being confronted and dismantled as part of the larger America First economic policy.  Gary Cohn has a useful purpose in that his presence settles the nerves of Trump’s domestic economic adversaries, but Cohn’s presence doesn’t change the policy direction of America First at all.

Those who hold an adverse interest position to Trump’s America really didn’t think he was serious about this MAGA economic plan.  Like all other times in the history of Donald Trump his opposition has completely underestimated him; but what they are really underestimating is his will.

In the battle of Queens -vs- Manhattan, Main Street -vs- Wall Street, Nationalism -vs- Globalism, or Trump -vs- Cohn…

…. just like Donald Trump did before, he’s winning.

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This entry was posted in Big Government, Big Stupid Government, Donald Trump, Economy, media bias, NAFTA, President Trump, Trade Deal, Uncategorized, US Treasury. Bookmark the permalink.

396 Responses to Understanding Gary Cohn -vs- President Donald Trump…

  1. backseatdog says:

    Mr. Cohn needs to stick to what he does best. He needs to keep his nose out of other PDT business and keep his mouth shut on issues that don’t concern his specialty.

    Liked by 15 people

  2. rsanchez1990 says:

    This explains why Gary Cohn waited so long to virtue signal. Cohn could care less about what the peasants do to each other. But once the President attacked his recent company, Cohn just couldn’t let that slide. Mnuchin was quick to say he never considered resigning and continues to stand by the President, but Cohn just couldn’t help himself.

    I hope this means Cohn is done and President Trump has another unannounced candidate in mind for Fed Chairman.

    Liked by 12 people

    • Howie says:

      I wonder why I have to worry about who is the Fed Chairman?

      Liked by 1 person

    • SteveFrench says:

      Exactly rsanchez. Well said

      Liked by 1 person

    • linda4298 says:

      Goldman Sachs is exempt.

      Like

    • Mr. Morris says:

      Gary Cohn was ethically bound to not alert Lloyd Blankfein about the new policy sanctioning Venezuela and It’s oil business as well as turning the screws on American entities doing bond business with Venezuela. This is a big hit for them. Therefore Cohn had to go back to Charlottesville and say Trump’s response was not enough.
      Mr.Cohn did not become CEO of Goldman being stupid. He knows the business and the Democrat contributors who run many of these Wall Street firms. His job is to bring these people to support Pres. Trump’s policies, and in turn bring their bought Democrat Senators and Congressmen to the table

      Liked by 4 people

      • nyc0009 says:

        You guys do realize that all bondholders have 30 days to divest? How is this a bad thing for Cohn and for GS? On another note: no, I do not want to see this guy as the next Fed Chairman. People begging for a job usually never get jobs.(With few exceptions). Those that act as if they don’t want it, usually do. Cohn acts as a weasel walks like a weasel, therfore he must be a weasel. I base that solely on his last criticism of Trump. He must know he is out of contention for the Fed Chair position now.

        Liked by 1 person

        • But you can’t really divest if you can’t sell the bonds to anyone, can you? GS is prohibited from making any new deals with PVDSA bonds, so they’ve got $3 billion tied up in those bonds they can’t sell. That’s got to hurt even GS. The only way they could get their money back as I can see is going back to the Venezuelan government, tell them where they can shove those bonds and demand the $3 billion back. Maduro can’t do that since it’s 1/3 of current Venezuelan gold reserves. He needs the money to pay his army etc. or they won’t keep on supporting his regime anymore. So he’s going to have to negotiate something with GS which allows him to play for time (which keeps GS assets tied up longer) and to negotiate something with US to get the sanctions eased up. I don’t see Maduro surviving either of those negotiations, especially since GS is not the only financial predator who’s likely to start demanding their money back too.

          Liked by 1 person

      • Plato says:

        “He knows the business and the Democrat contributors who run many of these Wall Street firms. His job is to bring these people to support Pres. Trump’s policies,”

        You’ve stopped taking your meds haven’t you?
        Talk about la la land.

        Like

  3. America First says:

    I’m just trying to understand why Andrew McCabe is still hanging around.

    Liked by 14 people

    • Howie says:

      Now,,,,that to me is a HOT button. Deep State Hero. Total crook.

      Liked by 6 people

    • Howie says:

      He iz BFF with Jeffie.

      Like

    • Sentient says:

      I’m trying to understand why everyone in the administration save Jeff Sessions is a democrat.

      Liked by 1 person

      • cozette says:

        I doubt that your statement is true but even if it is Im astounded that after all weve witnissed that you think party labels mean anything at all. McCain was the GOP presidential candidate and Ryan a VP candidate. Are they supporting President Trump? General Flynn campaigned for Trump as a proud Democrat. Is he a bad guy? Democrats who thought about platform over partisan politics helped win the election for Trump and for all Americans. Please stop with the old fashioned, divisive party labels. Theyre poisonous and keep good hearted Democrats from joining us to help MAGA.

        Liked by 2 people

      • Jenny R. says:

        Perhaps the answer to that question is the same one as: what sort of Democrats are they? or maybe “were”?
        While Cohn may have to go at some point, considering his background there is a possibility that he will stay…what sort of Democrat is/was he?

        Like

  4. sobriquet4u says:

    I have been checking CTH all day off and on hoping that “Nikki” headline would be replaced by a “Cohn” . Not that I didn’t appreciate the Nikki article but I had a keener interest in President Trump’s relationship with Cohn and knew a Sundance elucidation was coming. Thank you.

    Liked by 7 people

    • pam2246 says:

      Sundance is a national treasure!

      Liked by 14 people

      • thluckyone says:

        Pam, at one time in Japan (maybe still), certain people with great prowess or understanding or artistic ability were recognized as something like “living national treasures” (not sure I’m saying it right). What I’m saying is that I think you’re on to something. May the wisdom of Sundance live forever.

        Liked by 4 people

        • To this day they still recognize people for such artistic abilities etc., it’s just that “living national treasure” is the popular term, not the term in law. This is mainly because the popular term is quite accurate, and because the term in law is egregiously and unforgivably long.

          Liked by 2 people

    • NC PATRIOT says:

      Cohn was visibly upset (he put his head in his hands) at the press conference when P45 announced the USA was withdrawing from the Paris Climate Accord also.

      Liked by 7 people

  5. keebler AC ovfefe says:

    Cohn knew he couldn’t leak confidential data so instead he went to a restaurant and talked loudly for those within earshot to hear him criticize around the data by suggesting he has to be careful what he says to President Trump about his inner circle’s strategies. Interesting that media was around to “overhear”.

    Liked by 2 people

  6. The Heretic says:

    That all sounds great. But I don’t trust his leftist aides, and I hate that Gorka has left on the heals of Bannon. And why is McCabe still around? Good question America First. Too many rats still in the barn and all the cats have left.

    Like

    • Howie says:

      FIX is in.

      Like

      • cozette says:

        Please stop criticizing President Trumps personnell decisions when you dont have enough information to do so. Everyone involved including the President are life long students of The Art of War. An easier to understand, modern version is The Art of the Deal. Everyone whos read them understand the moves POTUS is making. Heres a hint. Team Trump has elevated certain people to national prominence like Bannon and Gorka by having them in the WH. Now they are going out to create a field army. They are free to act because they arent tied to the WH. As for McCabe, as long as he is an employee he is forced to testify and comply. The minute he is fired he becomes a private citizen with many more rights he can use to thwart justice. Again, please read the books if you are truly concerned although I cant understand why you dont trust President Trump and work instead at the local level to infiltrate the GOP so you send the President help in 2018 and do your best to get people you meet to join the Trump Train.

        Liked by 2 people

        • Steven Hitt says:

          Agree and when the time is right he will place a titanium shaft firmly where the sun don’t shine for those who earned it. His biggest obstacle lies within the lack of a sufficient majority in the Senate. That should be every supporters’ main focus now and in 2018. McConnell, McCain, Flake, Murkowski and Collins need to be primaried.

          Like

    • Howie says:

      Sessions is fixin’ it all up. Do not doubt me.

      Liked by 1 person

      • Aguila2011 says:

        Hopefully we will see something from Sessions. So far, nothing! WE got nothing. Just talk. I only hope that the quietness is the tin stars working quietly overtime putting together a slam dunk case against a slew of traitors and that we get a distraction from “Our” side that will have the Left apoplectic

        Liked by 1 person

      • If that is true, it means that President Trump was in on the globalist agenda from the start. That we’ve all been had, the Matrix is inescapable. I do not believe that. I trust President Trump. And I trust almost no one else aside from Christ Jesus and the Virgin Mary.

        Liked by 2 people

      • PNWLifer says:

        Howie, have you thought about changing your name to Eeyore?

        Like

    • TONYA PARNELL says:

      The way I read it, Gorka previously worked for Bannon. Kelly wasn’t having it; however, both should do better for President Trump on the outside rather than the inside.

      Liked by 2 people

      • Sentient says:

        Why is it never the democrats within the administration who get sent to the outside to do “better”?

        Like

        • Minnie says:

          “Keep your friends close, keep your enemies closer”

          ????

          Liked by 2 people

        • 4sure says:

          Doesn’t sound like Bannon or Gorka are going to be working for Trump on the outside.
          From BB:
          “Breitbart is currently in negotiations with Dr. Gorka regarding his support for the website, as well as collaboration on a joint venture that would embody a Jacksonian national security vision.”

          From: Vanity Fair:
          “At Breitbart, Bannon has a brigade of similarly happy warriors. “We’re in a loud bar celebrating the return of our captain!” Breitbart’s Washington editor Matt Boyle told me on Friday night. Breitbart’s defense of Trump has so far helped keep the Russia scandal from gaining traction on the right. But that could swiftly change if Trump, under the influence of Kushner and Cohn, deviates too far from the positions he ran on. If that happens, said one high-level Breitbart staffer, “We’re prepared to help Paul Ryan rally votes for impeachment.”

          Like

  7. TimeIsNow says:

    I remember now PDJT saying he was going to hire some, not so nice people, as attack dogs.

    When I heard about the Cohn vs. Trump thing, I put it on hold at first,not remembering the above, yet figuring that PDJT always has his reasons.

    Your article is, as usual, exceptional, and puts it all together in a tight, logical package. Thanks.

    Liked by 4 people

  8. keebler AC ovfefe says:

    Speaking of nerves around the Gorka departure and his disagreement with Cohn, wherein Thomas Wictor states he refused to publish his full resignation letter but only parts of it antithetical to PDJT

    Liked by 4 people

    • keebler AC ovfefe says:

      Thomas Wictor‏ @ThomasWictor 19h19 hours ago

      (24) ADDENDUM: The White House released a document in June that lists Gorka as a salaried “strategist.” https://www.whitehouse.gov/sites/whitehouse.gov/files/docs/disclosures/07012017-report-final.pdf

      5 replies 112 retweets 306 likes

      Thomas Wictor‏ @ThomasWictor 19h19 hours ago

      (25) However, the document DOESN’T list NSC members Ricky Wadell, Michael Anton, Kevin Harrington, and Geoffrey Fowler.

      Thomas Wictor‏ @ThomasWictor 19h19 hours ago

      (26) Those four are absolutely crucial to the functioning of the NSC.

      Liked by 5 people

      • Rodney C. Johnson says:

        Love how Thomas Wictor, is able to see through the fog (some of it, created by the President to keep his enemies off guard >read Sun Tzu<) and explains in clear terms what is going on.

        Of course, there's a certain element that loves jumping into hysterics at the drop of a pin.

        Liked by 1 person

  9. Plato says:

    In the same vein of vested influence….
    Say what you like about BB but this is accurate for mine.

    http://www.breitbart.com/big-government/2017/08/24/virgil-protecting-american-sovereignty-big-techs-globalist-corporate-power/

    Liked by 2 people

    • keebler AC ovfefe says:

      O’ ye of little faith in Trump, what do you suppose Main St vs Globalists mean?

      Liked by 2 people

      • Plato says:

        Ok. You can tell me that when Google or Amazon is broken up. Until then BB accurately describes the existing situation.

        Like

        • andrewalinxs says:

          Accurately? The Article cites Ted Cruz as a republican fighting the corruption which is laughable. Given his primary campaigns data mining operation done through BB makes the article feel slightly hypocritical.

          Liked by 4 people

          • Plato says:

            Yeah, nothing’s perfect and Ted Cruz has nothing to do with the point of the article.

            Like

            • andrewalinxs says:

              He is cited in the article as one of the people to look to as trying to solve the problem.

              From the Article:
              Fortunately, some Republicans are starting to wake up to the danger. That is, they are looking beyond the tech happy-talk of the lobbyists and propagandists and seeing that Silicon Valley could be posing a serious threat to free speech, as well as to the GOP.

              One such is Sen. Ted Cruz, who has expressed concerns about “large tech companies putting their thumb on the scales and skewing political and public discourse.” He asked, “What can be done to protect the first amendment rights of American citizens?”

              ————-

              Given Ted Cruz’s campaign’s relationship with Cambridge analytical and the fact BB was the site from which the data was being collected I find those 2 paragraphs reeking of hypocrisy given what the Author is talking about.

              Liked by 5 people

              • Plato says:

                Try reading it again to find the point, Ted Cruz has nothing to do with the point of the article.

                Like

                • andrewalinxs says:

                  Oh I understood the point of the article. My issue is BB tried very similar measures of focused information control during the 2016 primary.

                  For Record this is the point of the Article:

                  While as the article labels GAFA has an amazing control over the internet through user share and essentially cut out opinion or concepts. Making the argument they should have the companies broken up and treated like Monopolies as they have strong leftest opinions and are stamping out all but leftist opinion.
                  ——————

                  My Issue of the article is as said at the beginning BB tried to push an agenda it worked with Cambridge Analytical to try and data mine to shape and focus opinion towards a political outcome. That BB wanted and destroy all other none BB desired opinion for said primary race. I see very little in what BB tried and the article is talking against.

                  I do not like pots calling kettles black. That is my issue with the article.

                  Like

              • keebler AC ovfefe says:

                Correct. Mercer’s Cambridge Analytica is data gathering only for election purposes – it isolates or stratifies talking points and does not offer practical solutions.

                Liked by 1 person

            • Jenny R. says:

              Perhaps Ted Cruz is the outside reference point of the article. Perhaps Senator Cruz is maneuvering to run for president again — he would have to get his image fixed first…what better way, huh?

              Like

              • Judith says:

                Cruz has admitted in the past that he is NOT a natural born citizen and, therefore, Cruz is ineligible to run for POTUS. There you go. Another attack on the US Constitution courtesy of Lyin Ted the bobblehead.

                Like

        • keebler AC ovfefe says:

          It’s easy to criticize but difficult to come up with solutions. The reference in my counter response was “Main St”. The article calls Trump’s endeavors GAFA which is ignorance at best. The way to break up monopolies is through Main St. enterprises. I’m trying to point it out but you refuse to consider anything but blindtard, no solution Brietbart/Bannon. Google, Apple, Facetime and Amazon came to be because of small business regulations and globalism favoring large enterprises. President is trying to break up monopolies and the creation of upstart competition to them is KEY. He is doing this by deregulation banks and financing. He can’t shut Google, Apple, Facetime, and Amazon down just like that. It’s the environment in which they thrive at the sacrefice of competition that he is changing. This is MAGA not GAFA.

          Liked by 2 people

    • cozette says:

      Breitbart was Cruzbot Central during the primaries. Bannon and Gorka were Cruz supporters. Gorka bashed Trump in the primaries and his wife worked as a foreign advisor for Cruz. Breitbart shifted when Trump won the nomination. They HAD TO if they were going to maintain relevance. Bannon was only part of the campaign for the last 3 months. Both Gorka and Bannon said they only planned to be in the WH for 8 months.Anyone on the Right who is upset that theyre leaving dont trust their President which is sad indeed.

      Liked by 1 person

  10. Tejas Rob says:

    > Trump needed to keep the financial system satiated and stable while creating the underlying architecture of the America-First economy. Trump’s economic policies benefit Main Street over Wall Street and reverse three decades of Wall Street favoritism by DC fiscal policy.

    President Trump needed, and needs, a steady overall financial system while the economic policy shift is taking place. Having Cohn on board while the economic shift is happening keeps the people within the system from reacting too heavily to the shifts. That’s Cohn’s value to Trump.<

    ^^THIS!

    Great article Sundance. President Trump knows we did not get to this point overnight and it will not be fixed overnight. He is not a wrecking ball, he is doing precision surgery.

    The only knock I have on this article is, you should have included your "Complicated business folks" meme. Love the shark though. I keep telling people President Trump has swam with sharks all of his life, and ate them for breakfast.

    Liked by 8 people

    • Howie says:

      I do not understand it. Over my head.

      Like

    • sundance says:

      The guy from Queens, with “good marks” from Wharton, learned the schemes of the Bonesman; and is using their flippant arrogance of him, against them.

      He’s one guy, but he’s got them surrounded.

      Many of them are just now becoming aware. They underestimated him.

      It’s too late.

      Keep watching.

      Liked by 24 people

      • Gil says:

        What is Bonesman?

        Liked by 1 person

      • WSB says:

        President Trump just boxed in the Kings of Wall Street. Check.

        Was Cohn’s threat to resign because he found out about Trump, Ross and Mnuchen’s sanction strategy, or because the Kings demanded he get those sanctions reversed?

        Do the Kings have any other options, are they just stuck now?

        And what does Cohn do from here?

        Love this, SD! Thank you for the Saturday night classes these past two years!

        Like

      • Hutzpa says:

        In other words… President Trump is playing the buffoon to keep them entertained while he’s surrounding them.

        Like

        • cozette says:

          Trump has written extensively about the value of appearing stupid to your adversaries. He says its a very hard skill to master if youre really bright but the benefits are worth the effort. Sun Tzu talks about this strategy as well. The famous Chinese Golden Monkey God used bufoonery to disguise how deadly he was until it was too late for his enemies to defeat him. Also Jackie Chan popularized a the Drunken Man style of fighting. His opponents did not take him seriously because he feigned inebriation while destroying them. Its all based on deceiving your enemy in order to win. It takes someone who is very secure about who they are to use this strategy but it is DEADLY for your opponents if you are that secure and President Trump is. For him, its all about winning for the American people. He knows who he is and so do his friends.

          Liked by 2 people

          • LivLovely101 says:

            Big fan of Ip Man and Wing Chun….Donnie Yen was great as Ip Man and as the Monkey King.

            And when I studied Kung Fu and Wing Chun about 40 years ago, appearing weak and non threatening and/or dumb and out of your league, is a weapon. Many men have a very difficult time with that, especially with being taught to walk away from a challenge.

            The Art of War was required reading for us students but everyone here should read it as well.

            Like

          • Judith says:

            Would that more people “know who ..they are.” This whole Facebook ‘friends’ mentality that has gripped a generation or three has greatly enabled the purveyors of groupthink to corral the masses. Now that these baying hounds have us right where they want us, they look over their shoulder to see the raging bull.

            Like

    • Espe says:

      Also there will be a tipping point where they will get on board. The point is not that the elites will become poor, it’s that part of the pie will benefit us. Once the tipping point is reached, they will get on board. They make money no matter what happens. Interesting watching a guitar YouTube channel, the very rich head of the guitar shop has already adjusted, he’s MUKGA ing, he knows his client Base is shifting. His buddy the guitar manufacturer is still whining.

      Like

      • Judith says:

        I’ve said it before. What galls me most of all is that the global Elite would sooner end the world as we know it, when all that’s needed to MAGA is a simple amendment to their business plan. Because ..how dare we.

        Like

  11. Black_Knight_Rides says:

    My 2 cents:

    President Trump is going to convert the Globalist Financiers to allies to get Congress to pass the Trump Agenda … or they’re going to lose their SHIRTS!

    This saga is going to be better than the Harry Potter series.

    Liked by 12 people

    • Sylvia Avery says:

      You know, I have had a similar thought rattling around in my head. I’m sure SD must have written something along these lines at some point because I’m sure it wasn’t my original thought.

      But as I watch various events unfold, I keep thinking PDJT could surely have seen this would be the result. Anyone who has observed politics could guess this could be the outcome.

      I bet he has another route to his goal in mind that is outside our normal way of doing things. And wouldn’t it make sense to somehow ally with the Money Folk to get them to pressure Congress to do things? Possibly supplant the lobbyists’ influence with their own lobbying money? Or some other avenue?

      I loved the HP series. This is epic Good vs. Evil right here.

      Liked by 8 people

      • Esperanza says:

        Also, if you look the MAGA agenda doesn’t really need Congress. At least to start. Trump is Putting the twin prongs of international trade and foreign policy together very successfully. This is a long term goal and supertankers don’t turn on a dime. At some point they will get with the programme because they have no choice.

        Liked by 1 person

        • Sylvia Avery says:

          Yes, I think you are exactly right.

          Like

        • Judith says:

          MAGA will begin to take shape not from within, but from forces without. Once the global Elite pry Trump’s steel-toed boot from their arses and dust themselves off, their accountants will scribble a few lines, and their political hacks will dance on strings as always.

          But we shouldn’t be satisfied with that at all. We still need to elect a brand new set of MAGA marionettes who haven’t already betrayed the American people. Just ..because.

          Like

  12. Howie says:

    He will get tired of selling White Cloverine Salve.

    Liked by 1 person

  13. georgiafl says:

    I look at it this way…

    Mr. Cohn has flashed his low regard for his President and employer to the world, causing the press to gloat and say nasty things about President Trump.

    In doing so, Cohn has relieved the President of any obligation to name him the head of the Federal Reserve.

    Liked by 7 people

  14. sundance says:

    Liked by 8 people

  15. DeplorablePatriotInCa says:

    I don’t think that there really is a “Trump vs Cohen” at all. What always sticks in my mind is that President Trump called Cohen “my genius” . I think President Trump knows something that the rest of us don’t, including Sundance.

    Like

    • DeplorablePatriotInCa says:

      Obviously I’m not such a genius, I meant Cohn.

      Liked by 3 people

    • CorwinAmber says:

      After reading CTH for years, I don’t think that there is anything that SD doesn’t know something about. At times his breadth of knowledge is gobsmacking…it is almost as if the Internet suddenly became sentient and self-aware; I really don’t know where he finds the time…

      Liked by 2 people

  16. Bert Darrell says:

    A lot of people, including some posting here, have a limited (if any) understanding of how bonds work. PDVSA issued these bonds and PDVSA is the Venezuelan government. Their bonds may be subject to rules or limitations imposed by others (like the USA now for example) but will never disappear unless Venezuela disappears as a country first. How likely is that?

    People or companies who own those bonds (purchased at a deep discount) will, eventually, make a bundle. Like any other property, bonds can be inherited or patiently stored. People on the know play the long game. Those like me, who are not billionaires, stay out of the badly-rated bond business and watch others fret … or laugh all the way to the bank.

    In the meantime, Maduro and his criminal accomplices are being squeezed against a very hard wall at the worst of times (widespread hunger, poverty and corruption, and HOT anger from the Venezuelan people). So, the goals of PDJT will be accomplished. Don’t anybody doubt it for a minute.

    Liked by 5 people

    • trapper says:

      Venezuela doesn’t need to disappear as a country for the bonds to become worthless. Only the communist government needs to disappear if the successor government repudiates the bonds. Then you can hang them on the wall in your den next to your framed Confederate States of America bonds and collectible but worthless trolley company stock certificates from 1928.

      Would a successor government repudiate the bonds? Gee, I don’t know. You tell me. Would they take the opportunity to stick it to the financiers who helped the communists destroy their country? I wouldn’t bet against it.

      Liked by 2 people

      • Bert Darrell says:

        trapper: tell the Argentine people and their current government if they could hang their bonds anywhere and “stick it to the financiers”. They had to re-negotiate or see themselves isolated economically and become the next Venezuela. Individuals and failed companies can declare bankruptcy and see their debt disappear. Countries? Not so much.

        Like

        • trapper says:

          I hear you, but Venezuelans are already eating worms and wiping their behinds with leaves. What do they have to lose? Successor governments have repudiated debt before. Not saying they will. That after all is the play, isn’t it? The bet. Will they/won’t they? You puts your money down and you takes your chances.

          Liked by 3 people

          • Bert Darrell says:

            Trapper: it’s simple in this case. Venezuela still has billions of barrels of oil to extract and sell. If Venezuela repudiates the debt incurred by the country (it doesn’t matter who issued the bonds because they were sold by the government representing the Venezuelan people), the oil shipments will be embargoed wherever they try to unload.

            How long do you think a repudiation of the bonds would last when Venezuelans, armed with pitchforks, torches and whatever else they can grab, approach the Palacio de Miraflores?

            Argentina, under a socialist/communist government tried it. Investment dried up and embarrassing embargoes started to occur worldwide. The party in power lost the election and the new president quickly re-negotiated bond interest payment before the sh!t hit the fan. And Argentina does not have oil to sell.

            Like

    • Blacksmith8 says:

      Of course all of that changed when the GM bond holders were robbed at gun point by obysmal and US Bankruptcy court.
      I didn’t lose much, but some folks lost their entire life savings.

      Like

    • Delilah says:

      Actually that’s already been covered here too.

      As SD mentioned, how is Venezuela supposed to pay the note when it comes due if it can’t borrow any more money and its debts exceed its income?

      Can they issue IOU’s on Wallstreet?

      Like

  17. tony5460 says:

    This is another brilliant and bold move by Trump. 4D chess anyone? Firing Gorka and Bannon, and surrounding himself with lots of swamp creatures shows that he wants to keep friends close and enemies closer. He can observe and analyze his opponents’ every single move up close. Many leaders know that in theory. But only Trump is brave enough to do that.

    Like

  18. Bert Darrell says:

    Mr. Cohn has not been the Goldman Sachs COO for 11 years because he’s stupid. I suspect that every word he utters is carefully analyzed, weighed, measured, calculated, re-evaluated, and then delivered. Some people have a natural talent for doing that fast, and Mr. Cohn’s got it.

    So, why would he say something that appears to counter his boss’ position? Think about it.

    As Chief Economic Advisor to the President, it is not his role to meddle in political affairs. But a differing opinion on a subject that is distant from his principal functions would definitely attach to him an aura of independence that would not hurt him for future placements such as, for example, Chairman of the Fed.

    Liked by 2 people

  19. jh says:

    Sundance- David Stockman is saying GS is exempt. Have you heard this claim?

    Like

  20. georgiafl says:

    President Trump should arrange for Gary Cohn to visit a few Antifa and BLM events.

    Cohn needs to encounter these violent marxist racist anarchist hate groups up close and personal.

    “Black Lives Matter (BLM), a black supremacist movement founded in 2013 by a coterie of revolutionary Marxists. Numerous BLM activists have openly called for the murder of white police officers — and in some cases white people generally. Moreover, the demonstrators at all BLM events invoke a famous call-to-arms by the Marxist revolutionary, former Black Panther, convicted cop-killer, and longtime fugitive Assata Shakur, in which Shakur quotes a passage from her beloved Communist Manifesto.”
    http://directorblue.blogspot.com/2017/08/introducing-america-most-notorious-hate.html

    Both groups hold some really peppy exciting events that Cohn should be allowed to experience, enjoy and embrace. As President of Goldman Sachs, Cohn has been far too sheltered.

    Liked by 4 people

  21. Paco Loco says:

    Powerline thinks that Cohn should resign after his Charlottesville statement.

    http://www.powerlineblog.com/archives/2017/08/why-trump-should-fire-gary-cohn.php

    Like

  22. Fromseatoshiningsea says:

    I am humbled and honored that Sundance would reference my ramblings. The gratitude I have for SD and a select few is usually expressed in bursts or waves; the gratitude I feel for our President is ever present and continues to grow. Only my own dad, may he rest in peace, worked this hard for me. Now multiply that by 325 million.

    Liked by 7 people

  23. Aguila2011 says:

    Cohn: “Hold me back! Hold me back! I’m ready to quit! Not really. Just joking. Gee, I really want that Fed Chair job! Gotta have that Fed Chair!”

    Like

  24. Cohn should advise his buddies to shift their investments to main street.

    Like

  25. Calbear84 says:

    Excellent analysis Sundance. Thank you.

    Like

  26. QuestMGD says:

    Thanks, Sundance, especially for this post.
    I’ve been reading this site since I found it late last year. Although, you have been pedantic as, and sai “I told you so” a few more times than I’d like.(Apologies!!), you have brought an insight in to the mechanics of the Trump administration that tams of analysts at major journalistic outlets have not been able to.
    Other well-known Trump supporting sites only give me information that support what I already know. You do that, also, but often you bring forth ideas that allow me to expand my knowledge and understanding of the political structure.
    I can’t imagine the effort that you put in to posting several times a day, in addition to still being able to keep your thought processes sane enough to think through the situations. I want to applaud you, as no doubt all readers of this website does quietly for the blood, sweat, and tears that you put in to this site. I’m sure I’m not the only one that noticed that you haven’t had a vacation in a LONG time.
    Thanks for your insight in to a complicated situation. Even if your wrong about the Cohn situation or others, which I doubt, you allow us to think beyond the common boundaries which is needed with a president who thinks beyond common boundaries.
    Thanks, Sundance, the country owes you much more than you can imagine.

    Liked by 5 people

    • auntiefran413 says:

      To QuestMDG and SD: I couldn’t agree more and couldn’t have said nearly as well. I’ve been thinking the same thing as I read through this post, but as I said, couldn’t have said as well as QuestMDG did. God bless both of you.

      Liked by 2 people

  27. bkrg2 says:

    Sundance -this is epic level analysis and insight. Thank you so much.
    Never heard of Gary Cohn (and basically all of Trumps picks) before November. Been seeing his name almost non-stop for the past few weeks. This article helps put it in perspective.
    Regardless, I voted for Trump – including his promise to put killers and winners on his team.
    I have trust in him based on the great work done by everyone on the team so far AND the fact that he has no problem firing people.

    Liked by 2 people

  28. davecatbone says:

    Bro in law said:
    Money is now flowing out of the stock market at a record pace. This may be the start of the “crash”. Yellen will start raising interest rates soon and the swamp will start their mass hysteria routine in order to make panic. They’ll blame Trump of course.

    Like

  29. Paul Killinger says:

    Dear Mr Cohn,

    If you know of a more pro-Israeli US President than Donald Trump, name him please…

    Either that, or keep your mouth shut!

    Like

  30. Plato says:

    If someone Jared and Ivanka didn’t like had implied PTrump is some sort of racist they’d be gone.

    Life is about who you know.

    Like

    • Delilah says:

      Your silly paranoia about the Jewish people is so tiresome…

      Like

    • Bert Darrell says:

      Plato: you’ll excuse me if I think that what you just wrote is baloney. Not only is your statement a personal opinion unaccompanied of any supporting facts but reveals a bias that, in my view, deserves condemnation.

      Like

      • Plato says:

        Err…what?
        You claim there is some doubt that if Gorka or Bannon had said what Cohn said that wouldn’t have been THE reason to get rid of the culprit immediately?
        You know it’s true.

        Like

  31. adombom says:

    Goldman is exempt from the bond trading ban. per http://www.zerohedge.com/news/2017-08-26/goldman-unexpectedly-exempt-venezuela-bond-trading-ban

    Posted by john:
    August 27, 2017 at 5:09 am…So now I’m wondering who’s got the skinny, zerohedge or sundance. My guess is that we’ll find out very soon.

    Like

    • Delilah says:

      Sundance, as evidenced by the last sentence in your Zerohedge article. It’s basically saying Trump gives special protection for a worthless piece of paper…

      Like

  32. dustahl says:

    Trump speaks the truth and has followed through on his campaign promises as much as congress has allowed.
    Other than Trump , I do not trust a damn one of them save Wilbur Ross.

    Like

  33. davidsstones says:

    Heres what I think; Trump will let Useful Cohn stay for now. Cohn’s friends at Goldman Sachs told him to leave because Trump didn’t voice enough hatred of the “Supremacists” after the clash in Charlotttesville. Divided Cohn aligned himself with his Democrat buddies, the “Elitists”, at Goldman Sachs, but not with his boss.
    Elitist Cohn spewed publicly all over Trump, condemning Trump and thrashing his mouth with criticism that Trump’s response was weak, unacceptable, a sympathizer with the Supremacists and otherwise a terrible President. He vented whether he should stay. Of course you stay Shotyourselfinthfoot Cohn. After his week on the TV circuit Forgetful Cohn remembered the man he was criticizing and belittling is the President who appoints the Chairman of the Fed. He remembers 71 yr old Janet Yellen’s term is up Feb 3rd, 2018. He’s prepared decades to exceed his own history.
    Of course he stays. Trump would Tweet Cohn choked but instead Trump said nothing.
    Trump will let CrossedtheLine Cohn hang out at the WH until Feb. 3rd, 2018. So he can see Hopeful Cohn’s face when it isn’t his name Trump announces. On that day Defeated Cohn will resign and return to the Elitists he was the most loyal to and to a new silence over a once in a lifetime opportunity he destroyed when he publicly fumed for a long week back in August at the person who held his future. Trump never forgets,

    Like

  34. InTime says:

    Thank you for this article. Very good, and in depth. Makes some sense of things. But Cohen is definitely a weasel.

    Like

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