If the media is wondering why they have lost credibility with the larger U.S. electorate they only need to look at the fake news outrage du jour surrounding President Trump and a visit from German Chancellor Angela Merkel.
Take a look at this tweet from the Saint Louis Dispatch surrounding an article pushing a story that President Trump refused to shake the hand of Chancellor Merkel:

Literally seconds before that image was captured the following picture was taken:
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OMB Director Mick Mulvaney attends the daily White House press briefing and fields questions about the President Trump ‘America-First’ budget.
Director Mulvaney does an exceptional job explaining the larger budgetary issues, priorities and squashing some of the more ridiculous media narratives du jour.

Trump Economics – […] As the wage rate increases, and as the economy expands, the governmental dependency model is reshaped and simultaneously receipts to the U.S. treasury improve.
More money into the U.S Treasury and less dependence on welfare programs has a combined exponential impact. You gain a dollar, and have no need to spend a dollar. That is how the SSI and safety net programs are saved under President Trump.
When you elevate your economic thinking you begin to see that all of the “entitlements” or expenditures become more affordable with an economy that is fully functional.
As the GDP of the U.S. expands, so too does our ability to meet the growing need of the retiring U.S. worker. We stop thinking about how to best divide a limited economic pie, and begin thinking about how many more economic pies we can create. (link)

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The modern fight for fiscal responsibility has been going on for over two decades.  However, after George W. Bush began spending us into oblivion the urgency increased rapidly; culminating in the uprising in 2008/2009 known as the Tea Party.
The past decade brought us: Bank-Bailouts(TARP,) Auto-Bailouts, Stimulus (ARRA) spending, Omnibus spending, Porkulous bills, Debt Ceiling increases, Continuing Resolutions, the FED buying debt (QE1, QE2), and beyond.

Finally, frustratingly, exhaustively… we arrive in 2017 and for the first time in modern presidential history we have a president proposing to curb the size, scope, scale and cost of government.
The Washington DC UniParty will fight back hard against any curtailment, so here’s some perspective for the upcoming battle:

• The last federal budget was signed into law in September 2007, for fiscal year 2008, by George W. Bush.
• It has been over a decade since the Federal Government operated with a budgetary law guiding spending.
• Because of the two previous points – Over two-thirds of Republican representatives, and over 50% of all reps in the House and Senate, have never held office during a year with a federal budget.
• Let that sink in.

Here’s the top-line overview of President Trump’s budget proposal by department: (more…)

It’s really interesting to read the financial presentation of Reuters in their article outlining the Fed, Chair Janet Yellen, decision to raise interest rates a quarter point (.25).  Keep in mind that Reuters traditionally slants left (globally) on all economic presentations.
Those Treepers who have followed our economic analysis will note the disparity between Yellen’s justification and the inconsequential impact therein.   The Stock Market never even flinched today.  Part of the reason is the disconnected (traditional) view of economics within the current Yellen justifications.  It ain’t just us who sees this “new dimension“.

Emphasis in citations are all mine.

(Reuters) The U.S. Federal Reserve raised interest rates on Wednesday for the second time in three months, a move spurred by steady economic growth, strong job gains and confidence that inflation is rising to the central bank’s target.
The decision to lift the target overnight interest rate by 25 basis points to a range of 0.75 percent to 1.00 percent marked one of the Fed’s most convincing steps yet in the effort to return monetary policy to a more normal footing.

{define “normal”}
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I think Senator Rand Paul’s aversion to going to war with Russia over Montenegro just triggered Senator John McCain.
While speaking from the Senate floor, in support of a bill advancing the country of Montenegro’s bid to join NATO, Senator John McCain anticipated opposition from Rand Paul. McCain requested unanimous consent for advancement of the bill.
After Rand Paul objected to the UC, Senator McCain lost it saying:

…”he has no justification for his objection to having a small nation be part of NATO that is under assault from the Russians. So I repeat again, the senator from Kentucky is now working for Vladimir Putin.”

Watch:

Tucked away from the attention of almost all of the Western media has been the quiet forward, front, visible and back channel communications playing out amid a very narrow pathway.   CTH continues to monitor these precarious -albeit optimistic- quiet steps because they are converging to form a very specific picture.  [Tweet Link]

(The Hill) Palestinian Authority President Mahmoud Abbas met with an envoy from President Trump on Tuesday and told him that a peace deal is possible under the new president.
The meeting between Abbas and Jason Greenblatt, Trump’s Special Representative for International Negotiations, took place in Ramallah.
“President Abbas told Mr. Greenblatt that he believes that under President Trump’s leadership a historic peace deal is possible, and that it will enhance security throughout the region,” according to a statement from the U.S. Consulate General in Jerusalem.  (read more)

We have continued to express optimism for a confluence of events, people and activity that is happening quietly, and could stun the geo-political world.  The timing is right, because we view these activities through a different prism.  We review against the backdrop of President Obama’s mid-east failure, equitable misery.
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Sanity prevails I guess.  It still doesn’t make a lick of sense how her name was even in consideration in the first place. Oh well.

(Via Fox)  Defense Secretary Jim Mattis has withdrawn his nominee for the Pentagon’s top civilian job after opposition from lawmakers concerned about her close ties to the Muslim Brotherhood.
A senior official confirmed to Fox News that Mattis pulled the nomination of former Ambassador Anne Patterson to be undersecretary of defense for policy. The move was first reported by the Washington Post.
Patterson was U.S. ambassador to Egypt between 2011 and 2013, when that country’s president, Mohamed Morsi, was overthrown by the military. Critics opposed her selection by Mattis on the grounds that she was too accommodating to Morsi and the Muslim Brotherhood during her tenure in Cairo.  (read more)

Well, it would appear our hunch was correct.

If Trump was going to pull off a “reverse Castellano’s“, Caesar needed Brutus to feel comfortable enough to come close…

The problem for Speaker Ryan was a lack of muti-dimensional situational awareness, and the abject inability to escape President Trump’s political gravity.  Breitbart Media, with transparent coordination between Matthew Boyle, Steve Bannon and President Trump delivers the shiv right on cue.

(Breitbart) On a never-before-released private October conference call with House Republican members, House Speaker Paul Ryan told his members in the U.S. House of Representatives he was abandoning then-GOP presidential nominee Donald Trump forever and would never defend him ever again. (read more)

Here’s what everyone needs to understand about this play: (more…)

When we first saw the news reports that Defense Secretary Mattis was considering former Obama appointee Anne Patterson for undersecretary of policy we thought it was simply fake news.  However, apparently it is not.
Anne Patterson is a severely toxic entity and was considered the epicenter of dangerous political policy because she gave legitimacy to the extremists within the Muslim Brotherhood.  Specifically due to her role in supporting the Brotherhood’s former candidate turned President, Mohammed Morsi in Egypt, Anne Patterson should forever be dispatched into the waste-bin of failed mid-east policy.

No single appointment could bring more political and diplomatic damage to President Trump”s policy and diplomatic agenda around Egypt, Jordan, Israel, Saudi-Arabia, Libya and Syria than putting Anne Patterson into a leadership and policy role in the current defense department.   Good grief, what the heck is Mattis thinking?

(Via Washington Free Beacon) Opposition is mounting on Capitol Hill and in conservative foreign policy circles over Defense Secretary James Mattis’s efforts to hire a former Obama administration official who lobbied in favor of engagement with the Muslim Brotherhood and spearheaded efforts to criticize Israeli counter-terrorism efforts, according to multiple sources close to the Trump administration.

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CNN’s Fake News is going to get someone killed.

As we shared last night, CNN is promoting a highly charged false claim about new, heavily edited CCTV footage from the Ferguson Liquor Market on the night before Mike Brown was shot and killed.  We have thoroughly deconstructed the lies HERE.

CNN is promoting this fake documentary, “Stranger Fruit“,  that uses heavily edited footage of an earlier Mike Brown visit to the store.  According to the documentary Mike Brown was exchanging marijuana for store product at 1:13am the night (early morning) prior to his return and strong arm robbery of the same store.  The footage is edited to give the appearance of store employees accepting weed as barter for product.  This is false.
Secondarily, the producer of the video, Jason Pollock, is claiming the police never released the earlier in the day CCTV footage and instead tried to hide it.  Again, this is false.  All of the CCTV video was documented by the police, reviewed, included in all records that were part of the Grand Jury inquiry and given to the FBI. Including footage from the 1:13am visit. However, CNN is promoting the falsehoods by the documentary producers in an effort to stir trouble.
Well, their collective antagonism worked: (more…)