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Banking Testimony – Treasury Secretary Mnuchin Discusses “Too Big” and 21st Century “Glass Steagall”…

Sip slowly, this explainer was hard to write.   There is a considerable amount of perplexed frustration following on the heels of Treasury Secretary Steven Mnuchin testifying to the Senate Banking Committee earlier today and specifically saying:

02:20 Glass-Steagall? “we do not support a separation of banks from investment banks, we think that would have a very significant problem on the financial markets, on the economy, on liquidity; and we think that there is proper things that potentially we could look at around regulation, but we do not support a separation of banks and investment banks.”

That statement runs counter to the Trump administration’s prior policy statements outlining a preference for a reinstatement of some form of “Glass-Steagall” regulatory separation between commercial banking and investment banking.

In essence when combined with the totality of Mnuchin’s testimony before the committee, Mnuchin is saying the current “too big to fail” (‘too big to succeed’) issue has created a problem for lending liquidity.  Specifically, if divisional separation is required – the banks best interests would naturally put the investment division ahead of commercial lending and the liquid capital within the overall economy would shrink.

I think we have a handle on what the administration is doing based on the executive orders signed and explained earlier.  Bear with me…

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Reminder – David Plouffe: “Trump Must Be Destroyed”…

Reminder.  David Plouffe was President Obama’s campaign manager and Senior White House advisor:  (source link)  Plouffe has ideological cohorts, friends and embeds inside almost all corporate media entities; specifically WaPo and NY Times.

Parallel Policies? Parallel Administration? Mike Pence Remarks To U.S. CoC at “Invest In America” Summit…

Something appears to be happening within the administration that is currently impossible to define with regard to intent of construct. For the sake of my own internal disposition, and to ensure a geographic distance from sharp things, a modicum of levity is necessarily required.  Cue suspicious cats:

Unfortunately, it’s too early (not fully developed pixels) to see the picture, but there appears to be an intentionally constructed parallel set of administrative policies that almost gives the appearance of a paralleling administration. It should be emphasized the construct herein is not necessarily definable as good or bad; it’s just simply too early.

It begins with Vice President Mike Pence delivering a speech at the Invest in America Summit today, which is primarily a gathering of the largest lobbying group in Washington DC via The U.S. Chamber of Commerce.  No single lobbying organization has done more to advance global trade interests and diminish the U.S. manufacturing economy than the U.S. Chamber of Commerce, and its president Tom Donohue.

Simultaneous to this event, Treasury Secretary Steve Mnuchin was on Capitol Hill testifying to the Senate Banking Committee, and appears to have recently accepted the premise that the U.S. banking system is institutionally too big to fail, and more alarmingly too big to reform.

First, the Summit remarks:

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President Trump Releases Additional Statement on DOJ Special Counsel Appointment…

President Donald Trump held an informal luncheon with news reporters and TV anchors today in advance of the upcoming international visit.  Brett Baier reports President Trump was relaxed, warm and comfortable and showing no change in disposition from all prior encounters. Most of the discussion was off the record, however the president did release the following response to a question from one of the participants at the meeting:

Reporter Question: “You made a point about the special counselor and and you believe it hurts this country” —

President Trump: “I believe it hurts our country terribly, because it shows we’re a divided, mixed-up, not-unified country. And we have very important things to be doing right now, whether it’s trade deals, whether it’s military, whether it’s stopping nuclear… all of the things that we discussed today. And I think this shows a very divided country.

It also happens to be a pure excuse for the Democrats having lost an election that they should have easily won because of the Electoral College being slanted so much in their way. That’s all this is. I think it shows division, and it shows that we’re not together as a country. And I think it’s a very, very negative thing. And hopefully, this can go quickly, because we have to show unity if we’re going to do great things with respect to the rest of the world.” 

~ President Donald J Trump

Dennis Kucinich: “Deep State Trying To Destroy Trump Presidency”…

Appearing tonight on the Sean Hannity TV show on Fox News, former Ohio democrat congressman Dennis Kucinich states he believes the unelected institutional Washington DC based bureaucratic system known as “deep state” is attempting to destroy the presidency of Donald Trump.

People within Deep State institutions attempting to damage President Trump because he is an existential threat to their interests.

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President Trump Comprehensively Understands Who and What is the Opposition…

President Trump understands what lies at the heart of the opposition.  DO YOU?

♦Multinational corporations purchase controlling interests in various national industry and economic elements of developed industrial western nations.
♦The Multinational Corporations making the purchases are underwritten by massive global financial institutions, multinational banks.
♦The Multinational Banks and the Multinational Corporations then utilize lobbying interests to manipulate internal political policy of the targeted nation state(s).
♦With control over the targeted national industry or interest, the multinationals then leverage export of the national asset (exfiltration) through trade agreements structured to the benefit of lesser developed nation states – where they have previously established a proactive financial footprint.

The ‘America First’ Trade Doctrine upsets the entire construct of this multinational export/control dynamic. President Trump focuses exclusively on bilateral trade deals with specific policy only looking out for the national interests of the United States.

Under President Trump’s Trade positions the exfiltration of U.S. national wealth is essentially stopped.  This puts the multinational corporations, globalists who previously took a stake-hold in the U.S. economy with intention to export the wealth, in a position of holding interest of an asset they can no longer exploit.

If you can see the ramifications and grasp the inherent anger, you can begin to understand the severity of the opposition to President Trump.  Again, President Trump knows. WATCH:

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All of these media efforts are intended to stop this agenda from happening.  There are trillions of dollars at stake.  President Trump will not let corporatist opposition and media block his goal. Politics might be downstream from pop culture, but pop culture is downstream from Economics. It’s always the economics stupid.

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Brilliant – Justice Department Appoints Robert Mueller To Investigate 2016 Russian Election Interference…

Brilliant move.

…”Be careful what you ask for because you just might get it”….

Tremors tonight in the Deep Swamp. The deep cleaning machine just got fired up.  Watch how quiet and tenuously supportive the Democrats and their Left-Wing media cohorts are with this announcement.

Deputy Attorney General Rod Rosenstein at the Justice Department has appointed former FBI Director Robert Mueller as special counsel to justice to oversee the federal investigation into Russian interference in the 2016 election.

The appointment of a special counsel is excellent because it means Mueller has wide latitude to look into all of the 2016 Russian Conspiracy narratives the political opposition to Donald Trump has postulated.

Deputy AG Rosenstein did the appointing because Attorney General Jeff Sessions recused himself from the ‘muh Russia conspiracy’, collusion between Trump campaign associates and Russian officials. The results here will be splendid for the Trump administration because there is no ‘there’ there in the collusion narrative. The White House approved of Rosenstein’s decision.

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Run Quiet – Run Deep: Media and Politicians Keep Missing Trump Strategy…

President Trump has a long history of action that almost all media and political opposition seem to ignore when trying to attack him.   Every effort to “get” Trump fails due to a key flaw in their approach; a flaw they can never overcome.

President Trump approaches his opposition in politics similarly to his opposition in business, with one key and consequential difference.  In business opponents challenge goals based on financial ends; in politics opponents challenge based on intent or motive.

The reason no attacks stick to Trump as a candidate, or now to Trump as a president, is because his motives and intents are transparently good.  He genuinely wants to see America Great Again. Period.   There’s no self-interest, benefit or self-advancement within President Trump’s objective; as a consequence the ‘motive’ or ‘intent’ to attack Trump on the political angle consistently fails.

It’s a weird and disconcerting dynamic for career politicians to face an opponent who is not looking to advance his ‘political career’.  However, conversely, understanding this dynamic politician Trump consistently hits at his opposition specifically on the motive and intent angle. (more…)

President Trump Preps For Meetings With Mid-East Alliance Members – Joint Arab Intervention Force…

Today President Trump met with NATO member and Muslim Brotherhood supporter, President Recep Erdogan, prior to heading overseas for meetings with anti-Brotherhood Mid-East alliance.  “The Joint Arab Intervention Force”.

The motive for Turkey’s President Recep Erdogan to travel to the White House today was obvious, anxiety.

A very specific foreboding type of anxiety, because President Trump is about to embark on an international trip filled with multilateral meetings attended by a coalition of people who regard President Erdogan as a nemesis to peace.

If you only absorbed the Western media headlines for the past five years you would be entirely missing the interpersonal dynamic that began immediately following the start of President Obama’s second term.  A framework of understanding that highlights the intentional policy of Obama, and how the region shifted into hunker down mode in an effort to outlast the Obama interventionist doctrine.

Within this less discussed reality we also find domestic motives to undermine President Trump’s upcoming visit to Saudi Arabia, Israel and the Palestinian Authority.  Both the severe left and the militaristic right have vested interests in blocking a successful Trump peace doctrine.

President Obama’s ideological left and Senator McCain’s ideological right both prefer the big cat cages remain wide open allowing blood lust extremists to create convenient chaos.  Unfortunately, Russia (Putin) and Syria (Assad) also carry a self-preservation interest within this complex and extremist dynamic.

Palestinian Authority President Mahmoud Abbas will join President Trump at an “Arab, Islamic, and American Conference” in Saudi Arabia this coming Sunday.

More than a dozen heads of state from Arab and Islamic nations have been invited to attend the conference with President Trump including: Abdel Fattah al-Sisi (Egypt), King Abdullah III (Jordan), Muhammad Fuad Masum (Iraq), Mamnoon Hussain (Pakistan) and all six members of the Gulf Cooperation Council (Bahrain, Oman, Kuwait, Qatar and the UAE), are expected to be in attendance. (more…)

New York Times: President Trump Asked Comey To End Flynn Investigation…

Always remember the basic rule that has been proven accurate 100% of the time:

  • When the CIA wants to leak a damaging story they coordinate with the Washington Post and ABC. (and vice-versa).
  • When the State Dept. or FBI/DOJ wants to leak a damaging story they coordinate with CNN and the New York Times. (and vice-versa)

This consistent pattern has NEVER been broken.

There is also a particular transparency here with regard to media timing and intent.  The Washington Post (yesterday) and New York Times (today) are attempting to frame the anti-Trump narrative right before he goes on his first overseas trip.

Dual benefits for antagonistic media and political opposition:

♦ Trump team is out of country and unable to defend administration on-camera, while frenzy ensues 24/7 in U.S media, and ♦ Trump team becomes relentlessly questioned by traveling press corps abroad on domestic controversy, diminishing Trump international status and pushing the weak/damaged Trump image toward the host nation optic.

It’s how they roll.  Again, check out the timing:

Another explosive media story targeted, yet again, specifically to create controversy and lead the evening news cycle.

As to the substance of the matter – WE PREDICTED EXACTLY THIS SCENARIO – Less than a week ago we outlined the specific strategy being utilized to attack President Trump’s credibility in office. (more…)