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Macron Cracks Down on Yellow Vest Protests – Blocks Champs-Elysees Avenue, Replaces Police Chief…

Following a weekend of clashes, violence and stores burned in the city of Paris, French President Emmanuel Macron has replaced the police chief and announced blockades to keep yellow vest protesters away from key tourist destinations.

PARIS (AP) — France’s prime minister announced a ban Monday on yellow vest protests along the Champs-Elysees Avenue in Paris and in two other cities following riots on Saturday that left luxury stores ransacked and charred from arson fires.
Prime Minister Edouard Philippe said the ban will apply for an unspecified period in the neighborhoods that have been “the most impacted” in the cities of Paris, Bordeaux and Toulouse, where repeated destruction has occurred since the yellow vest protest movement began in November.

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BLS Labor Report: 20,000 February Jobs, Wage Increase 3.4%…

The BLS employment report for February is very underwhelming with a mere 20,000 new jobs calculated and results that fall far short of expectations.  The recent private sector ADP payroll report showed 183,000 gains.  Despite the low reported jobs gains, the national unemployment number dropped to 3.8%.
Further confounding the low February BLS calculations, revisions to December and January were upward. December’s jobs were revised up from +222,000 to +227,000 (gaining 5k), and the change for January was revised up from +304,000 to +311,000 (+7k). With these revisions, employment gains in December and January combined were 12,000 more than previously reported. Job gains now average 186,000 per month over the last three months.
On a very positive note the calculated wage growth continues to reflect a tight labor market where employers are increasing wages well beyond inflation. “In February, average hourly earnings for all employees on private nonfarm payrolls rose by 11 cents to $27.66, following a 2-cent gain in January. Over the year, average hourly earnings have increased by 3.4 percent.” That is the strongest sustained wage growth in a decade.

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Navarro Stands The Gap…

White House trade adviser Peter Navarro has been a core member of the U.S. trade team providing a brutally honest perspective toward how specific trade engagements can directly benefit the U.S. economy and U.S. worker.
Navarro has gained a reputation as a trade hawk, specifically as it relates to confronting the one-sided trade schemes of China.  However, that encapsulation doesn’t accurately reflect Mr. Navarro’s value.
The Big Club hates him.  Yes, Navarro is hated and opposed by all the right people.  He might be rough around the edges, but he fights… for ‘America First‘.
Navarro is unapologetic in openly calling attention to the process where Wall Street, the multinationals (corporations and banks) have gained power and influence over politicians in Washington DC.  Wall Street funnels hundreds-of-millions to Tom Dohohue, President of the U.S. Chamber of Commerce.  Donohue controls an army of K-Street lobbyists who purchase politicians and sell their CoC created legislation.
Specifically because he calls attention to the brutal truth of a corrupt process, he has become the target of attacks from Wall Street’s beneficiaries, the big club and Decepticon senators who take massive campaign bribes from Tom Donohue.
In a recent Op-ed, Peter Navarro highlights how the Trump economic team is delivering on a promise for structural global trade reform that directly benefits the U.S. economy, U.S. workers, and Main Street USA.
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IMPORTANT – Kudlow on China: Layered, Sequential, Sector Tariffs as Enforcement Mechanism…

Okay, now USTR Robert Lighthizer’s cautiously worded enforcement testimony starts to take on a fuller context.  When Ambassador Lighthizer was testifying before the mostly decepticon House Ways and Means Committee, he started to outline his newly designed trade enforcement mechanism… but he stopped; he didn’t want to reveal too much.
Now listen to Larry Kudlow describe “enforcement”.  WATCH:


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If you watched the USTR testimony you would have seen how the “enforcement” mechanism within the U.S-China trade negotiations was the priority for Lighthizer’s focus; and he specifically mentioned “layered” enforcement triggers, specific to each sector, and issue.
CTH has never seen a U.S. Trade Representative so structurally willing to clear-cut the entire bamboo forest if needed. Lighthizer is intensely focused on enforcement.
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Secretary of State Pompeo Discusses Current World Events: Diminishing Globalism -vs- Rising Nationalism…

Secretary of State Mike Pompeo goes one-on-one with Martha MacCallum to discuss his message to the World Economic Forum in Davos, Switzerland and Trump’s approach to NATO.  This is a really strong interview.
Secretary Pompeo brilliantly outlines the value of the nation state, and the principle that when a coalition is formed all members within that coalition (ie. NATO) have a responsibility to participate.  Watch:


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Secretary of State Mike Pompeo Delivers Video Conference Message to Davos Audience…

Yesterday, Secretary of State Mike Pompeo delivered a video-conference message to the assembly of international economic leadership in Davos. [Full remarks and transcript below]


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[Transcript] SECRETARY POMPEO: Good morning, and thank you, Borge, for your kind introduction. And thank you to the World Economic Forum for the invitation to speak today. It’s 18 degrees Fahrenheit here in Washington, D.C. You see the Lincoln Memorial to my back. So while I’m not here in person, I at least feel like I’m in Davos with the weather.
It’s interesting times that we live in. Over the past few years, all around the world, voters have tuned out politicians and political alliances that they thought weren’t representing their interests. A few examples of new directions that people have taken: Brexit; the election of President Macron in France; the rise of the Five Star Movement in Italy; Mahathir’s comeback in Malaysia; and of course, Borge, as you referenced, the election of President Donald Trump.
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Five Eyes Leverage – Europe Imposes Steel Tariffs on China…

In November of last year the New York Post interviewed President Trump asking specifically why he was not declassifying “spygate” documents, and inquiring about the purpose for his reluctance.  President Trump responded: “Maybe it’s better that the public not see what’s been going on with this country.”  Many people were disappointed, but its always been President Trump’s primary MAGA agenda to focus on economic security.

As the president has repeatedly stated: “economic security is national security.”  And with that cornerstone as the foundation, any evidence of a ‘Five-Eye’ ally participating in the scheme against Trump becomes leverage.  Cue the example:

EUROPE – European officials said today they will make tariffs on steel imports to the region permanent to help stem the glut of supply sparked by Donald Trump’s trade war against China.

The move highlights that protectionism is spreading and Donald Trump’s trade war with China is entrenching itself into the global economy.

The EU will impose quotas on 26 product categories and levy a 25% duty on imports exceeding those quotas, the executive arm said on Wednesday. The move cements proposals laid out last July with the stated aim of protecting European steelmakers amid Chinese overcapacity.

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Not A Parody – British Army Recruitment Posters Reflect How Far the U.K. Has Fallen…

Former British Prime Minister Winston S Churchill famously said: “It is not enough that we do our best; sometimes we must do what is required.”  Perhaps, in an ironic way, that is exactly what the British Army are doing as they reveal an ad campaign to recruit the finest young men and women the U.K. has for military service:

This is not a parody; these recruitment posters are very real. The stereotypical traits of British Millennials are accepted as the standard and re-branded as strengths.
The indulgent trait of self-centeredness becomes “self-belief;” the generational obsession with phones and gadgets becomes “focus”; and those with a propensity for compulsive selfie-taking are now cast with internal “confidence.”
Yes, the British Army have officially accepted that a generation where everyone deserves a trophy is now the first line of national defense; and thus recruitment efforts need to be modified accordingly.
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Why Flynn? – A Confluence of Highly Charged Political Events…

Several people have requested specificity as to why President Obama and candidate Hillary Clinton viewed Lieutenant General Michael Flynn as a risk worthy of primary confrontation/removal after Hillary Clinton lost the 2016 presidential election.
The most obvious answer is not too complex; predates the election; and is connected directly to three core components of the Libya crisis: (1) White House; (2) State Department; (3) Hillary Clinton.
Drawing from years of exhaustive research within the Benghazi Brief; along with breakout information as to how the FBI and DOJ are directly connected to the issues therein; there is a clear and concise reason why Flynn was viewed as a risk to the interests of President Obama, Hillary Clinton and State Department Officials.
Lieutenant General Flynn was appointed to head the Defense Intelligence Agency on July 24th, 2012, approximately two months before the attack on the State/CIA compound in Benghazi Libya.
The Benghazi compound itself was controversial as it was part of a joint State Department and CIA mission to try and stop the spread of weapons to radical Islamic elements in the region.  After the fall of Muammar Gaddafi the Libyan weapons depots -as well as U.S. weapons shipped into Libya to assist the “rebels” in Gaddaffi’s ouster- were the immediate problem.
Weapons in 2012 were being redirected to Syria.  An operation to secure those weapons was ongoing in Benghazi (Eastern Libya).
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It's Happening – This is "THE" Fight, There are Trillions at Stake…

CTH has pointed, repeatedly, toward a very specific economic and financial dynamic  because President Trump is uniquely focused on Main Street’s “real economy“.
Everything happening in/around the financial markets is very predictable when you focus on understanding the principles of Main Street MAGAnomics and how those basic principles diverge from Wall Street’s “paper economy”.
President Trump is clawing back American wealth; inch by inch… bit by bit.  This is the full monty.  This is economic nationalism. This is for all the marbles.
This is it.
Everything is happening in a very predictable sequence. Few understand the MAGAnomic reset, and what was predicted to happen in the space between disconnecting a Wall Street economic engine (globalism and multinationals) and restarting a Main Street economic engine (nationalism/America-First).  In 2015, 2016, 2017, 2018 CTH explained where we would be today. With current Wall Street events, perhaps it is worthwhile remembering the dynamic.
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