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Peter Navarro Outlines Changes in USPS Mail Subsidy for Chinese Shipments…

During an interview with Fox Business Maria Bartiromo White House Trade and Manufacturing Advisor Peter Navarro outliness how the USPS, the postal system, has been heavily subsidizing “incoming mail of a number of countries to the tune of hundreds of million dollars a year.”  Navarro notes he is meeting with foreign ambassadors and representatives of the State Department at the Blair House in Washington, D.C., to work on changes to the current mail system.
Additionally, Navarro explained that he will be traveling to Geneva, Switzerland, on Sept. 23 for a third “Extraordinary Congress” and there will be two issues/options on the ballot: (1) allows all countries in the postal union to self-declare rates, ending a terminal dues system that costs countries to subsidize incoming mail. (2) A “multispeed approach,” allowing the U.S. to self-declare rates immediately.


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Treasury Secretary Steven Mnuchin: "the China tariff delay is a good will gesture, nothing more"…

The European Central Bank (ECB) announced Thursday an indefinite supply of fresh asset purchases and deeper cuts to interest rates, into negative territory, as it tries to prop up the ailing euro zone economy.  These are EU financial counter-measures to the geopolitical trade realignment triggered by U.S. President Trump.
The EU is driving down the value of their currency in an effort to help prop-up the French and German economies that are dependent on exports.  In essence, the financial and economic positions of the EU and China are connected.  The more pressure the U.S. (Trump administration) puts on China, the less China can purchase from the EU.
With that as the backdrop, Treasury Secretary Steven Mnuchin holds an impromptu press conference outside the White House on China trade, Huawei and the bond market.


 

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Best "Recession" Ever – MAGAnomics: Inflation 1.7%, Wage Growth +3.5%, Real Worker Earnings +1.8%…

A series of very strong internal economic evaluations today from the Bureau of Labor Statistics (BLS) and the U.S. Department of Labor (DOL) show the Main Street economy is perfectly positioned with maximum benefit to the U.S. middle-class.
First, despite two years of doomsayer predictions from Wall Street’s professional punditry, saying Trump tariffs on China would create massive inflation…. It Ain’t Happening!  Overall year-over-year inflation is hovering around 1.7 percent [Table-A BLS]; that’s a low inflation rate.  Rate has firmed up now with less month-over-month fluctuation, and the rate remains consistent.   [See Below]

A couple of important points.  First, unleashing the energy sector to drive down overall costs to consumers and industry outputs was a key part of President Trump’s America-First MAGAnomic initiative.  Lower energy prices help the worker economy, middle class and average American more than any other sector… Except ‘food at home’.
Which brings us to the second important point.  Notice how food prices have very low year-over-year inflation, 0.5 percent.  That is a combination of two key issues: low energy costs, and the fracturing of Big Ag hold on the farm production and the export dynamic:
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Report: U.S. DC Attorney Jessie Liu Will Indict Andrew McCabe…

Several news outlets are now reporting that U.S. Attorney for DC, Jessie Liu, will likely indict former FBI Deputy Director Andrew McCabe for lying to FBI investigators.
The reporting is based on leaked email communications from the lawyers representing Andrew McCabe, where McCabe’s legal appeals to Main Justice and current DOJ Deputy Attorney General James Rosen were rejected.

WASHINGTON DC – […] A source close to McCabe’s legal team said they received an email from the Department of Justice which said, “The Department rejected your appeal of the United States Attorney’s Office’s decision in this matter. Any further inquiries should be directed to the United States Attorney’s Office.” (more)

While an indictment of McCabe is a positive step toward accountability for the corrupt ‘small group’ within the DOJ/FBI, the fact that McCabe is afforded a back-and-forth debate on the issues only highlights the ridiculous prism of tiered justice and politics.
The OIG investigation of McCabe, and the subsequent criminal referral, was finalized over 18 months ago. No ordinary citizen, other than well-connected ‘beach friends‘, would be granted such considerations.
If McCabe is indicted it will be interesting to read the Lawfare (Benjamin Wittes) perspective on having one of their team finally encountering legal accountability.
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Filmmaker Joel Gilbert Set To Reveal The Hoax Behind Rachel Jeantel (Witness #8)…

Anyone who paid attention to the details in the George Zimmerman case knew Florida state prosecutors knowingly, and with malicious intent, falsified witness testimony from Witness #8 Rachel Jeantel; who they claimed was Trayvon Martin’s girlfriend.
Back in November 2012 CTH first emphasized how Trayvon Martin’s family created a completely false narrative about Trayvon’s 16-year-old girlfriend “Dee Dee”. [Go Deep]

Martin family attorneys Benjamin Crump, Natalie Jackson, Daryl Parks and Jasmine Rand, together with Al Sharpton used ABC journalist Matt Gutman to fabricate the Dee Dee girlfriend media story in order to generate ficticious media evidence toward the goal of arresting George Zimmerman.  Once that goal of arrest was achieved; and once a trial was established; then they needed to come up with an actual person to fill the role.
That is where state prosecutors Angela Corey, Bernie De La Rionda and John Guy come in. They knowingly took false testimony from “Dee Dee” who was identified at trial as Rachel Jeantel (Witness #8), in order to prosecute the arrest.  However, It was always clear that Ms. Jeantel was never actually the young woman who was Trayvon’s girlfriend.
Throughout the pre-trial phase, and actual trial itself, the fabrication of witness #8 (Rachel Jeantel) was somewhat of a not-funny running joke; it was just absurd, yet the media ran with it without question…. well, until witness #8 took the stand at trial.
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Sanctimonious and Disrespectful Neil Cavuto Defends Wall Street Chinese Investments…

Fox News host Neil Cavuto is well known for broadcasting an hour long infomercial for the U.S. Chamber of Commerce and Wall Street daily.  White House manufacturing and trade advisor Peter Navarro interrupts Cavuto’s multinational talking points to explain a Pro-U.S. trade initiative that will help level the playing field.  Things go downhill….


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Big Win – Supreme Court Upholds Trump Asylum Policy "First Safe Nation"…

The supreme court has upheld President Trump’s immigration enforcement policy that denies asylum claims to migrants who travel through safe nations to reach the U.S.

(Via AP) […] The justices’ order late Wednesday undoes a lower-court ruling that had blocked the new asylum policy in some states along the southern border. The policy is meant to deny asylum to anyone who passes through another country on the way to the U.S. without seeking protection there. (more)

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President Trump Delays China Tariff Increase Until October 15th….

Amid new reports of U.S. companies initiating a rapid exodus from China, President Trump has announced the delay of the next round of tariff increases on Chinese goods from October 1st to October 15th.

U.S. Company Survey – More than a quarter of the respondents – or 26.5% – said that in the past year, they have redirected investments originally planned for China to other regions. That’s an increase of 6.9 percentage points from last year, the AmCham report said, noting that technology, hardware, software and services industries had the highest level of changes in investment destination (read more)

President Trump apparently senses the diminishing position of Chairman Xi.  The status quo, U.S. disinvestment, has put Beijing into a weakening position.  As the president noted today during remarks from the oval office, Xi’s belt-and-road (aka ‘bribe and loan’) supply chain program is collapsing.
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Seven Year Anniversary of September 11th Attack in Benghazi Libya…

To honor the memory of those lost on September 11th/12th 2012:

The Benghazi Brief

The “Benghazi Brief” remains the most controversial research report we have ever produced. The brief contains over two years of research and hundreds of very specific factual citations supporting it. Five years after it was originally written, and not a single aspect outlined within the brief has ever been identified as inaccurate.
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Dan Bishop and Greg Murphy Win North Carolina Special Elections…

The media were prepared to use the term “bellwether” for the next several weeks, all they needed was for democrats to win two special election House seats in North Carolina.  Unfortunately for the narrative engineers, following campaign stops by President Donald Trump, republicans Dan Bishop (NC-09) and Greg Murphy (NC-03) won both districts.

(NC State Election Results)

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