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The Economy "Rigging" That Impacts Americans…

I apologize in advance for my shortcomings in trying to de-wonk multinational economics and the financial constructs that impact, at the core, the U.S. worker and consumer.  It’s a big issue to tackle in digestible portions.  However, that said some inflationary statistics are presenting an opportunity for expanded discussion.
Reuters has an article out today highlighting inflationary data as released by the Bureau of Labor Statistics (BLS) [DATA HERE]. The overall summary is the Consumer Price Index is stable or flat reflecting low inflation on measured goods; however, that’s not the part that bears emphasis.   Instead I would direct attention to this:

The Fed’s preferred inflation measure, the core PCE price index excluding food and energy, increased 1.8 percent year-on-year in October, the smallest gain since February, after rising 1.9 percent the prior month. It hit the U.S. central bank’s 2 percent target in March for the first time since April 2012.


At the heart of the controlled monetary system; at the epicenter of the multinational global control mechanisms; inside the offices of the global economic elites; there is a system of financial manipulation with tentacles that reach into your pocket.  This system seems hard to understand, but it is critical to do so… so we need to try and understand it.
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New York AG Announces Plans to Weaponize Office to Target Political Opposition….

Did you get your yellow vest yet?  The recently elected New York Attorney General, Letitia James, makes a public declaration that she intends to fully weaponize her office to target the Trump family.
On the bright side, democrats can no longer claim their preferred approach of weaponizing their offices for direct targeting of their political opposition as a “right-wing conspiracy theory”; they are specifically outlining their intent to do exactly that.

New York – New York Attorney Gen.-elect Letitia James says she plans to launch sweeping investigations into President Donald Trump, his family and “anyone” in his circle who may have violated the law once she settles into her new job next month.

“We will use every area of the law to investigate President Trump and his business transactions and that of his family as well,” James, a Democrat, told NBC News in her first extensive interview since she was elected last month.

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Flynn Sentencing Memo Outlines the Set-up Created by Andrew McCabe…

The defense team for Michael Flynn presents their sentencing memo [see here] to support the special counsel recommendation.  However, within the memo the Flynn team smartly uses pre-approved (by Special Counsel) language to highlight how the FBI structured the set up  Yes, Flynn’s lawyers had to get permission to write this:

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DOJ Submits Sentencing Memo for SSCI Leaker James Wolfe – Recommends Two Year Prison Term…

The U.S. Department of Justice has filed a 35-page sentencing memo (full pdf below) recommending a two-year prison term for busted Senate Intelligence Committee Director of Security, James Wolfe.   The DOJ is seeking a term of imprisonment above the guidelines for the plea of lying to federal investigators.

The DOJ sentencing recommendation outlines the events surrounding the FBI investigation of Wolfe, and provides a more fulsome picture of the issues faced when a top-tier staff member of the legislative branch is suspected of leaking classified intelligence.
The DOJ notes the challenge presented when the executive branch is investigating a critical internal office of the legislative branch.   While James Wolfe was never actually charged with leaking classified documents, the type of leaks he participated in and the resulting media reports which drew from his information network – certainly implies there was classified documentary evidence leaked; the DOJ claims they cannot prove it.
Given the direct evidence of corrupt and politically motivated conduct by officials within the DOJ and FBI the sentencing memo is an interesting read with multiple facets for consideration.
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Canada Grants Bail to Huawei Chief Financial Officer Meng Wanzhou…

The CFO of Huawei has been released on bail pending her extradition hearing to the United States. Ms. Meng will have to wear and ankle monitor and travel with security agents until her next hearing on February 6th.

(Via NBC) A Vancouver judge set a $10 million CAD bail ($7.5 million U.S.) for Huawei Chief Financial Officer Meng Wanzhou Tuesday, capping a week of increasing trade tensions and strong market reactions around the dispute between the Department of Justice and one of China’s largest hardware companies.
The United States had asked the Vancouver court to deny bail for Meng, whose father is a billionaire and a founder of Huawei, calling her a flight risk. Canada has been expected to extradite Meng to the United States over charges that the company improperly took payments from Iran in violation of sanctions against the country.

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President Trump Signs HR 390 and Delivers Remarks to the Media…

President Trump signs H.R. 390: The “Iraq and Syria Genocide Relief and Accountability Act of 2018,” which authorizes assistance to entities engaged in aiding individuals and communities in Iraq or Syria who are being, or are likely to be, targeted for genocide, crimes against humanity, or war crimes.
After signing the bill [@03:00] President Trump took questions from the media.


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Stormy Daniels and Michael Avenatti Ordered to Pay $293,055 to Trump Lawyers…

(Link to Court Order)

Panda Plays: China Lowers Auto Trade Tariffs – The Dance Continues….

Early this morning China transmitted and interesting tweet position that was/is a transparent display of their panda mask. In essence the panda play was a call for team USA to drop the zero-sum outlook and seek a win/win. Given the historic nature of Chinese negotiations the tweet was rather funny. However, it does highlight the dance.
Additionally, a few hours later President Trump tweeted about ongoing U.S-China trade discussions and something to watch for:
Moments ago we received the first indications of Chairman Xi’s panda play:

(Via Wall Street Journal) China agreed to reduce tariffs on U.S. autos to 15%, down from 40% currently, during a phone call with U.S. officials that opened the latest round of trade talks aimed at settling a trade dispute festering between the world’s two largest economic powers, according to a person familiar with the matter.

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President Trump Invites Nancy Pelosi and Chuck Schumer to Discuss Border Security…

President Donald Trump invites the media to stick around and watch as he highlights the resistance between his administration and democrats on border security.
Democrat leader Nancy Pelosi and Senator Chuck Schumer are very uncomfortable allowing the media to hear their resistance discussion.


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Jared Kushner Discusses Ongoing White House Agenda Items…

A relatively rare interview with a key senior advisor and emissary for President Trump, Jared Kushner. Topics include: the upcoming chief of staff position; federal prison reform and the first-step act; and the ongoing dialogue in the middle east.


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