Steve Bannon appears on CNBC to discuss the economic objectives of China and how President Trump and USTR Lighthizer are confronting three very important convergences.
Bannon does a good job outlining the three Chinese priorities: ¹One-belt, one road; ²Made in China 2025; and ³Huawei 5G rollout; and how those efforts conflict with U.S. interests.
White House economic advisor Larry Kudlow made some news yesterday when he said he would like to see the Fed cut interest rates by half a point (.50%). Director Kudlow then appeared on CNBC for a discussion of the economy and the United States’ ongoing trade discussions with China and Mexico.
The larger story is actually about the current state of the U.S. economy as Trump’s policies influence direct investment and re-establish a middle-class durable goods manufacturing sector. WATCH:
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In essence we are in that economic space where Trump has de-emphasized the Wall Street economy (multinational corps, investments and financials) and re-emphasized the Main Street economy (manufacturing, blue collar jobs). The new trade deals represent an unusual economic paradox for Wall St. National corporations thrive; however multinational corporations and their investment instruments can simultaneously suffer.
We can tell we are in the space between both of these economies, because actions by the Fed are having no impact on inflation. Consumer prices are returning back to their natural dynamic. I’m reposting an article below from December 2016, right after the 2016 election, because this odd economic landscape -while new- was entirely predictable. I called it the “Third Dimension in American Economics“. (more…)
First things first. We cannot approach the analysis of Robert Mueller or any of the officials within the closed-circle of the DC fiefdom from a reference drawn from our own personal experiences. The people we are discussing are not connected to a frame of reference carried by 99% of the American population.
The DC elites are people born to live in a hierarchy of power and position disconnected from any external tribe. Their sense of importance is affirmed by perceived status and expressed through their daily conduct. A world of think-tanks, superiority training, traditions and policy-making enhances their sanctimonious self-importance at a pathological level. The common reference here is James Comey.
These cloistered communities generate people who find themselves in line during a vacation and cannot reconcile their wait-time amid those who do not recognize them. Their frame of reference is to stand aghast saying: “don’t you know who I am?”
Back in their tribal DC community their restaurant seating is determined by their status; an unspoken social structure where simple indulgences are afforded in relation to their inherent power and social position within the community.
If we attempt to reconcile corrupt behaviors and motives from our own social reference points, nothing they do makes sense. However, if we accept that inside their bubble their norms, customs and structures are exclusive to a particular sect of life amid those who make the rules everyone else must abide by; then their corrupt behavior -and more specifically their underlying motive- becomes more understandable. (more…)
President Trump’s lawyer Rudy Giuliani appears on Fox News with Sean Hannity to discuss today’s revelations from AG Barr about the pending Mueller report release. Giuliani discusses how Andrew Weissmann created the Obstruction legal theory.
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It certainly did seem suspicious that Weissmann and Ahmad departed the Mueller team as soon as Mark Meadows and Jim Jordan requested an explanation from AG Bill Barr about their conflicts of interest…. Additionally suspicious that Chairman Jerry Nadler and Chairman Adam Schiff are not currently demanding testimony from Robert Mueller. (more…)
Last night (Thursday) Rush Limbaugh appeared on Fox News to discuss the Mueller report and the much bigger backstory of why Mueller’s entire investigation existed.
This is an excellent monologue presentation from Limbaugh: Hi, Mr. Limbaugh!
President Trump holds a mini press conference with Small Business Administration head Linda McMahon to announce her departure. During the presser President Trump also answers questions on a variety of current events. [Video and Transcript Below]
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[Transcript] Mar-a-Lago – Palm Beach, Florida, – 4:17 P.M. EDT
THE PRESIDENT: Well, thank you very much. Linda McMahon has done an incredible job as the head of the Small Business Administration. She has been a superstar. The fact is that I’ve known her for a long time. I knew she was good, but I didn’t know she was that good. She has been one of our all-time favorites. It was just so smooth. She’s helped so many people in the world of small business. (more…)
The Robert Mueller report on the investigation into Russia’s election interference will be made public by mid-April according to a letter sent today from Attorney General William P. Barr. The White House will not see the document before he sent it to Congress.
According to AG Barr the full report is going through the intelligence review process for classification and removal of sensitive material, as well as grand jury evidence. [pdf Link to Letter] Here’s the letter:
There’s a somewhat sketchy background here that’s a little bit more granular and important than is being outlined. The redacted Comey memos were originally released to congress and the media. However, the unredacted memos -and more importantlythe reason for the redactions– has never been held up to scrutiny.
As noted by Fox News: “Washington District Court Judge James E. Boasberg — an Obama appointee who was also tapped by Chief Justice John Roberts for a seat on the Foreign Intelligence Surveillance Act (FISA) court — issued an order Wednesday demanding the FBI hand over “clean and unredacted copies of the documents in dispute here,” apparently including the Comey memos and documents relating to the declarations.” (more)
However, as “Undercover Huber” has noted, Judge Boasberg has previously seen the Comey memos back in 2017 when the original arguments were made by Mueller’s team to keep them redacted from public review.
[…] the main issue now isn’t “handing over the Comey memos” (the Judge already saw them long ago), but whether to publicly release the FBI/DOJ justifications for NOT releasing the Comey memos to the public AND release the Comey memos completely unredacted.
The FBI/DOJ filed those justifications against releasing the Comey memos “in camera” & “ex parte” with the court on Oct 13 2017 & Jan 19 2018 They were written by the then FBI lead on Mueller’s team, David W. Archey (who replaced Peter Strzok, he led all FBI agents from Sep-17).
President Trump tweeted earlier today that he plans to close at least a portion of the U.S-Mexico border next week in an effort to force Mexico to take action and stop the constant caravans of migrants. Because the economic consequences to border closing will be so severe (cross-border trade) it is prudent to provide advanced notice so everyone can prepare:
Something has to change. Doing the same thing repeatedly and not changing the outcome is not a sustainable policy. There is a major ongoing crisis at the border.
(Via NBC) […] Trump has threatened to close the border before. In December, amid the partial government shutdown, Trump threatened to close the border if Democrats didn’t agree to fund the construction of his border wall.
Great job team. This is exactly what’s needed. More of this trumpet… keep fighting back with the atomic sledgehammer of truth. HPSCI committee member Mike Conaway tells HPSCI Chairman Adam Schiff he’s a corrupt, lying, disengenuous crapweasel.
The calls from Republicans for Rep. Adam Schiff (D-CA) to step down as head of the House Intelligence Committee have been loud following the release of the four-page Mueller report summary. On Thursday, the request for Schiff’s resignation was made right to the Chairman’s face. Crapweasel Schiff was triggered…
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Additionally, and interestingly, Trey Gowdy appears on TV to give his impression of the HPSCI confrontation as well as the Mueller findings and John Brennan. (more…)