Apparently our CTH suspicions were correct; this is interesting.  Canadian Foreign Minister Chrystia Freeland is scheduled to leave Canada on Tuesday for a meeting of ASEAN foreign ministers in Singapore…. Meanwhile U.S. Trade Representative Robert Lighthizer and a high-level Mexican team -consisting of both incoming AMLO and exiting Nieto delegations- will be meeting again to determine the details of a bilateral trade deal.

Mexican Economy Minister Ildefonso Guajardo is from the outgoing Pena Nieto administration and was part of the crew supporting the Canadian position; ie. the plan to continue exploiting the NAFTA loophole.  However, Mexican president-elect Andres Manuel Lopez Obrador (AMLO) has selected Jesus Seade as his lead person for trade negotiations and appears more willing to engage in a bilateral trade deal with the U.S.
AMLO’s Jesus Seade, Minister Ildefonso Guajardo and Ambassador Robert Lighthizer are meeting again this Thursday to put the outline of a deal together; while Canada is sidelined from the discussion.
Flavio Volpe, president of the Automotive Parts Manufacturers’ Association in Canada, said: “I wouldn’t be surprised if the Americans and the Mexicans came to some resolution on that piece (autos) and then the Americans flip it back to Canada and say ‘Take it or leave it’.”  That is exactly what CTH anticipated was going to happen.
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President Trump delivers remarks at the swearing in ceremony for recently confirmed Veteran Affairs Secretary Robert Wilke.   Prior to taking the official Oath of Office, both the president and the incoming secretary delivered words of great consequence. WATCH:

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House Permanent Select Committee on Intelligence Chairman Devin Nunes told Maria Bartiromo today that the American public will be “shocked” when/if we see the remaining blacked out portions of the FBI’s FISA Title-1 Surveillance Application against Carter Page.
The House Intelligence, Judiciary and Oversight committees have requested that President Trump declassify 21 additional pages from the FISA application. Additionally, Chairman Nunes states congress will be conducting depositions during the August recess:

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President Trump attorney Rudy Giuliani appears on Fox News Sunday to talk about Donald Trump’s former legal counsel, Michael Cohen.

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Interestingly Reuters uses the narrative from an anonymous Canadian “official” to frame an article about how global car manufacturers are coming together next week in Geneva to coordinate their strategy against the United States and President Trump.
Just let that part sink in for a moment…

Behind that context we can clearly see: 1) the economic importance of the Auto industry to the countries that are assembling; 2) their multinational corporate interest in retaining unlimited access to the U.S. market; and 3) the absolute need of all assembling corporations to find a way to keep their investments in NAFTA’s fatal flaw viable.
Who is gathering?  Canada, Mexico, the EU (ie. Germany), Japan and South Korea.
Where are they going?  To visit Geneva, Switzerland.  Why Geneva? Because that way China can attend (see Volvo/Sweden) without being on the official roster.  ::nudge, nudge:: ::wink, wink::  ::say-no-more Panda boy, say-no-more::  Additionally, Cecelia Malmström (EU Trade Minister), is the person Canada is relying upon to cover their anti-Trump position:

MEXICO CITY/OTTAWA (Reuters) – Canada, the European Union, Japan, Mexico and South Korea will meet in Geneva next week to discuss how to respond to threats by U.S. President Donald Trump to impose tariffs on U.S. imports of autos and car parts, officials familiar with the talks said.

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Curious legal developments in the case against the former Director of Security for the Senate Intelligence Committee, James Wolfe, are beginning to become quite troublesome.
In a noted bit of research timing, Jeff at MarketsWork [SEE HERE] and CTH are following the same curious trail.  SEE HERE.

First, we know from overwhelming circumstantial evidence, conveniently overlooked by media, that one of Wolfe’s specific leaks involved sending his concubine Ali Watkins a copy of the 82-page FISA application used to gain a Title-1 surveillance warrant against U.S. person Carter Page.   {Full Backstory Here}  Some key things about this leak:

1. It is highly likely there were no redactions in the copy Wolfe leaked to the media.
2. It is highly likely Wolfe was caught in a leak hunt, and the copy given to him included a specific, and intentionally wrong, internal date using October 19th as the origination date for FISA application approval.  (The actual date was Oct 21st).
3. The October 19th date then shows up in subsequent media reports which were based on the leak.  The New York Times and Washington Post used the wrong date; the concentric reporting of the NYT and WaPo spread the wrong date like a virus.
4. However, despite overwhelming and easy to prove evidence against him, Wolfe was never charged with the Carter Page FISA leak.  The DOJ/FBI have him dead-to-rights on that leak, but he was charged with the more disingenuous crime of lying to the FBI.

These explosive details have been largely ignored by media, and two recent legal filings add even more layers of intrigue.  Last week a federal judge denied a request by Wolfe’s lawyers to put a gag order on the entire U.S. government; to include President Trump:
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Ohio Representative Jim Jordan appears on Sean Hannity to discuss the reason he is running for Speaker of The House.

Make SoH Great Again

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Representative Jordan was also on Fox News Morning show for an expanded discussion. See below:
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Against the backdrop of MAGAnomic success, many people (some young some old) are beginning to engage in questions of decades-old economic assumptions.  Consider me thrilled at the possibility of a generational economic awakening.
Toward that end, here’s another repost from 2016 to gain understanding of the fundamentals behind President Trump’s MAGAnomic policies.  God Bless Main Street!
NOVEMBER 2016 – As we all begin to filter the impact of a historic Donald Trump victory, perhaps it is important to remind ourselves what should be the primary filter for perspective..

…the economics.

For the first time in many decades the chief executive of the United States will walk into office concerned about the long-term financial stability of the United States.  For the first time ever, a titan of American Main Street is going to be in the oval office. Do not downplay the significance of this aspect. Money makes the world go ’round.
Every single global leader and politician is reviewing the U.S. election through their own domestic financial prisms. Rule #1 – Everything is about the money. Rule #2 – Everything is about the money. Rule #3 – when pondering any information broadcast by corporate media about a global Trump effect, refer back to the prior two rules.
Donald Trump is 100% pure MAIN STREET, never doubt that. Trump’s macro economic DNA outlook is compromised of American business interests at a micro-cellular level. Senate Leader Mitch McConnell et al will be dispatched immediately if he attempts to bring his big Wall Street/K-Street lobbying friends into the Trump economic equation.
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National Economic Council Chairman Larry Kudlow appeared on Fox News to discuss the latest GDP figures from the Bureau of Economic Analysis (BEA).
Keep in mind when contemplating ‘sustainable growth’, all of the current underlying economic activity is during the phase of transition between Wall Street policy (last 30 years) and Main Street policy (Trump).  We are in the space between the two economic approaches; two engines – SEE HERE.

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How will we know when the two economic engines have crossed paths?  There is an easy answer:  Under MAGAnomic Main Street policies inflation is disconnected from FED monetary policy.  In the real economy inflation is connected to wage rates.  When inflation and wage rates reach growth equity (over two quarters), that’s when the Main Street economic engine will have caught and passed Wall Street. We’re close.  Watch.
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MAGAnomics

The Bureau of Economic Analysis (BEA) has released the second quarter estimate in GDP growth at 4.1%, the highest rate of growth since 2014.  Here’s the non-spin review along with an embed copy of the actual report [full pdf below] to include all tables:

Gross domestic product (GDP) is the value of the goods and services produced by the nation’s economy less the value of the goods and services used up in production. GDP is also equal to the sum of personal consumption expenditures, gross private domestic investment; the net result of exports of goods and services, and government consumption expenditures and gross investment.

Along with the first estimate of Q2 GDP Growth at 4.1% (exceptionally strong), the BEA increased the Q1 growth rate to 2.2% (previously 2%).
Growth in U.S. exported goods was massive at 13.3% [Table 1, line 17] That is HUGE.
Growth in U.S. imported goods was very small at 1.0% [Table 1, Line 20] That is great.
The combination of massive increases in exports, and minimal growth in imports, led to a net increase in overall GDP from exports of 1.06%. [Table 2, line 45] Let that sink in.
WE DID NOT DEDUCT from GDP growth due to the net result of imports/exports. We actually exported more goods than we imported.
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