The professional financial class are going bananas at the steel and aluminum tariffs being implemented by the Trump administration.  As expected, most of the apoplectic drum-beating is coming from the Wall Street crowd.  This same Wall Street crowd conveniently overlooks that last year the EU imposed even HIGHER tariffs on steel and aluminum than the Trump administration is proposing now.

Laughably this group of talking heads is pitching the trade and economic position of Canada and the EU in their talking points. However, the hypocrisy is off the charts.

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If you think the professional financial class are over-the-top now, just wait until the administration pulls out of NAFTA. These are the battles that matter. The administration is directly over the target. The multinational corporate crowd, including their corporately owned media, are pushing a fundamentally false set of talking points; their economic dishonesty reflects their desperation.

When Main Street economic principles are applied Wall Street will initially lose. There’s no way for this not to happen. Most of Wall Street is built on the Multinational platform of economic globalism. Weaken the grip of the multinational corporations and financial interests on the U.S. economy and Wall Street will drop… this is not difficult to predict. This is also necessary.

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The New York Times (Matt Appuzzo & Adam Goldman) published an article yesterday citing a pending DOJ Inspector General Horowitz report that points the finger at former Asst. FBI Director Andrew McCabe for leaking information to the media.

Citing four people familiar with the IG inquiry, the motive for the New York Times is transparent. The “small group” of DOJ/FBI officials are trying to head-off the disturbing aspect to the IG outline and spin a false narrative.   However, our earlier research into the text messaging of Lisa Page and Peter Strzok, in combination with the leak in question to former Wall Street Journal reporter Devlin Barrett, allows us to see through the narrative.

The unnamed officials within the back-story, clouded by the verbiage in both the New York Times recent article and the Washington Post follow-up, are all ‘small group’ members: FBI Asst Director Andrew McCabe, FBI Agent Peter Strzok, FBI Attorney Lisa Page, FBI Chief of Staff Jim Rybicki and FBI Public Relations Director Mike Kortan.

Prior reporting showed Asst. FBI Director Andrew McCabe -along with the entire small group- became aware of the Clinton emails on the Huma Abedin/Anthony Weiner laptop on September 28th, 2016.  Attempting to protect Hillary Clinton, text messages showed McCabe and crew withheld that information for several weeks until October 28, 2016, when congress was notified and a public statement was made by Mike Kortan and FBI Director James Comey.

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White House Director of the Trade Counsel and Economic Policy Adviser, Peter Navarro, appears on Fox News with Tucker Carlson to discuss likely import tariffs on Steel and Aluminum.

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This evening House Intelligence Chairman Devin Nunes sends a letter to Attorney General Jeff Sessions questioning the protocol and legality of a fraudulent FISA application submitted by the FBI.   This approach sets up AG Sessions to defer the legal framework to OIG Michael Horowitz, and establishes the public basis for parallel prosecutors within the DOJ.

However, keep in mind, it’s extremely likely, almost certain, these prosecutors already exist – they are already working with Horowitz.  Evidence of this is found in the memo quotes from Bill Priestap, but those not following the granular details are unaware.

In the letter to AG Jeff Sessions (full pdf below), Nunes is requesting the DOJ provide answers to what his committee calls “clear violations of FBI protocols” in obtaining the FISA Title-1 warrant against Carter Page on October 26th, 2016.

Chairman Nunes also wants to know whether guidelines embodied in the latest 2011 version of the bureau’s Domestic Investigations and Operations Guide (DIOG), outlining what the FBI must do when submitting an application for a FISA warrant, was changed to allow the bureau to obtain a warrant with less evidence. “If not, what steps has the DOJ/ and FBI taken to hold accountable those officials who violated those protocols,” Nunes asks Sessions:

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MAGAnomics baby!!  Throw dem ju-ju bones out the windows and hold on to your britches…  The U.S. Dept of Labor is reporting unemployment claims have dropped to 210,000.  That’s the lowest jobless number since December 6th, 1969.

You know what this means right?

…wait for it.

…wait for it.

That’s right. We better grab chin straps for the hard hats, because pay raises and wage rate increases are thundering toward the middle-class like an unstoppable herd of buffalo. Exactly on schedule.  Cha-ching & Ka-pow.

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Earlier today First Lady Melania Trump and Senior Policy Adviser Kellyanne Conway held a summit on the opioid epidemic at the White House (videos below).  At the conclusion of the meeting, President Trump delivered closing remarks:

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Full video of the summit is below:

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For those who follow closely the strongest argument against the U.S. trade and economic policies of the past 30 years has been the outcome. We don’t need to guess what the pro’s and con’s of the U.S. Chamber of Commerce position is, we are living them. We don’t need to guess what the Wall Street economy delivers, we are living through them.

For the past 30 years the U.S. has lost jobs, wages have been depressed, and the middle-class has suffered through the implementation of economic trade policy that destroyed the U.S. manufacturing base. None of this is in question – the results stare us in the face – yet the Wall Street and multinational corporate club(s) [U.S. CoC chief among them] now demand a continuance of the same.

The economic and trade policies of the Trump administration are adverse to those interests. As we have shared for several years, candidate Trump, now President Trump is an existential threat to the multinational program.

All opposition to President Trump is about the underlying financial and economic policy of America-First. There are trillions at stake.

Those who have read here will note the media are generally oblivious to America-First economic policies; this includes the financial media.

As an example today they are trying to figure out how Steel/Aluminum tariffs would work. Commerce Secretary Wilbur Ross stated clearly exactly how the Steel and Aluminum policy would be carried out; yet for the financial media they claim to be clueless. The level of intellectual dishonesty is off-the-charts.

The truth is, well, two points: •Point #1 – the media don’t want to know; they are committed to selling the prior policy. •Point #2 – there’s almost no-one within the professional economic punditry class who have ever given thought to what happens during the space between two fundamentally different economic policies as executed.

What happens in the space between taking the U.S. economy off the path of ‘service-driven-globalism’, and reasserting the economy back to a balanced ‘production-based national economy’? None of the key participants within the larger discussion have ever contemplated this dynamic.

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Sarah Huckabee Sanders delivers the White House press briefing for Thursday March 1st. Anticipated start time 2:30pm.

UPDATE: Video Added

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President Trump announces he is like to impose global tariffs on imported steel and aluminum – in a broad effort to ensure U.S. national security and manufacturing capacity within a very important industrial sector.

Earlier today President Trump appeared to be accepting Commerce Secretary Ross proposals for 25 percent tariffs on imported steel and 10 percent for aluminum.  It is likely the tariffs will apply globally to all imports because targeted national tariffs have not worked.  China ships their manufactured steel to another nation first in order to avoid the tariff.  As Secretary Ross has previously stated we end up with a whack-a-mole policy.   So likely the tariff will apply globally regardless of the nation shipping the product.

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The usual, the corporate GOPe and Chamber of Commerce politicians will go bananas.

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Following up on this earlier scare. Today federal authorities arrested a Massachusetts man for mailing a threatening letter to Donald and Vanessa Trump containing powder.

(New York Post) The feds on Thursday busted a 24-year-old man from suburban Boston for sending a letter that contained a white powder that turned out to be cornstarch to Donald Trump Jr. last month, authorities said.

The letter was postmarked from Boston on Feb. 7, and the first son’s frightened wife Vanessa was briefly hospitalized when she opened it on Feb. 12 at her mother’s Upper East Side home.
Daniel Frisiello of Beverly was arrested on federal charges of mailing threats to injure and providing false information and hoaxes, The Boston Globe reported.

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