UPDATE: Since initially posting the set-up for the July, 2017, FBI sting operation against George Papadopoulos a few more important research details have surfaced.  Charles Tawil, the guy who reached out to Papadopoulos in Greece; and who ultimately gave Papadopoulos $10,000 in cash; was a previous intelligence asset of the CIA and FBI.  SEE WIKILEAKS Cables (circa 2006): Paragraph #8, note:

“These undisclosed sources told Zuma that American citizens (not connected with the U.S. Government) were involved. This in part, coincides with another Embassy contact, Charles Tawil (protect), who told our Economic Counselor on November 29 that Zuma had received information from the mother of the King of Swaziland about CIA attempts to kill Zuma using poisoned clothes from the FBI” (link)

Who was the FBI Director in 2006?  Why, Robert Mueller of course.
On page #9 of the recent Sentencing Memo from Special Counsel Robert Mueller there’s an interesting paragraph about a $10,000 payment made to George Papadopoulos.

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The Daily Caller, via Chuck Ross, dug into that payment and outlined the specifics today:

[…] The Daily Caller News Foundation has learned that a man named Charles Tawil gave Papadopoulos $10,000 during a meeting in an Israeli hotel room in July 2017.
Sources familiar with the matter told TheDCNF Tawil flew to the Greek island of Mykonos to meet Papadopoulos and his now-wife, Simona Mangiante Papadopoulos. Tawil invited the pair to Israel, but Mangiante Papadopoulos stayed behind.

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Sad Panda increasingly frustrated as disruptor Trump heaps vociferous praise on Chairman Xi, while simultaneously out maneuvering Beijing’s geopolitical economic strategy.
China expert Michael Pillsbury discusses the current environment around the Beijing leadership with Fox host Tucker Carlson.  This is really important. WATCH:

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What Pillsbury outlines is exactly what CTH predicted last year when we shared how the Red Dragon would be caught entirely off-guard.  They’ve never seen this approach before.
NOTE: The upcoming Chinese trade delegation is not showing up at the end of this month as a matter of scheduling happenstance.  What no-one in the financial/trade/economic media is connecting is the timing of their visit with USTR Lighthizers’ Section 301 Tariff hearings –SEE HERE.  August 20th through August 27th, you can guarantee the Chinese delegations will be all over those hearings; including dispatching their paid lobbyists to provide input on their behalf.
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Economic analysis can get weedy…. so a simple way to look at productivity is to think about baking bread in your kitchen.
If you were going to bake 4 loaves of bread it might take you 2 hrs start to finish. However, if you were going to bake 8 loaves of bread it would not take you twice as long because most of the tasks can be accomplished with simple increases in batch size, and only minor increases in labor time.  Your productivity measured in the last four loaves is higher.
Economic Productivity is measured much the same way, within what’s called a production probability equation.  Additionally, if two hours of your time are worth $40, each of four loaves of bread costs $10; but if you make 8 loaves in the same amount of time the labor cost is only $5/per loaf.
From 2007 through 2017 the average rate of productivity increase was 1.3%.  However, in the second quarter of 2018 productivity jumped to 2.9%.  That means total business output increased significantly as more product was demanded from within the business operation.  Throughout the economy people just wanted more stuff.
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The future’s so bright…

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Earlier today Secretary of State Mike Pompeo introduced the newest geopolitical strategy from the U.S. Department of State, the Iran Action Group.  The goal of the coordinated effort is to assemble a unified action front from all allies toward the destabilizing activity stemming from within the Iranian regime.

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[Transcript] SECRETARY POMPEO: Good afternoon, everyone. Today I am happy to announce the creation of the Iran Action Group.
The Iran Action Group will be responsible for directing, reviewing, and coordinating all aspects of the State Department’s Iran-related activity, and it will report directly to me.
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When we elected a successful businessman as President of the United States and leader of the executive branch, we elected a person who fundamentally changed the framework of accountability and transparency in government. President Donald J Trump holds an average of two to three full cabinet meetings each month where the cabinet members give direct updates on execution of policy priorities.
No President in modern history has put that much accountability into the position of each cabinet member. No President has ever coordinated strategic objectives with such a high level of expectation and scrutiny. No President has folded transparency into the cabinet with full media access over White House cabinet meetings. This is a new executive branch standard.
NEC Director Larry Kudlow break-out discussion on the economy at 03:45. WATCH:

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OK, admission…  Today is the day CTH recognizes NEC Director Kudlow has joined the official ranks of team Wolverine.  An impassioned Larry Kudlow is determined to see the financial media report on the jaw-dropping success of President Trump’s Main Street economic policies.
Key message on trade with China at 03:10.  WATCH:

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National Economic Council Director Larry Kudlow appears on Fox News to discuss the incredible strength of the economy and how the media is refusing to cover the story.
Chairman Kudlow goes through a series of economic Key Performance Indicators (KPIs) to stress how this specific set of MAGAnomic Main Street policies is delivering real, tangible, financial benefits to the middle-class and average Americans.

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Remember that 2016 conversation about retail inflation, Q2 wage growth, durable goods spending and non-durable goods expenditures…  Well, in a growing economy; a bigly expanding economy; with wages actually increasing as an authentic outcome of expanded hiring and jobs, jobs, jobs… in conjunction with lowered tax rates…. you get more money in your pocket.
This natural Main Street dynamic leads to increased consumer spending, specifically in the retail sectors influenced by who?… Oh, yeah, those middle-class economic beneficiaries of all the above.
The expert financial pundits are shocked, shocked I tell you… shocked; when, all of a sudden, the convergence of MAGAnomic Main Street policies delivers results.  DUH!

The Commerce Department – Economic and Statistics Administration – released the figures from July 2018 retail sales today (full pdf available here), showing an incredibly strong .5% increase in spending in July, bringing a 6.4% increase year-over-year;  and the results have dropped the jaws of the “experts”:

“Economists polled by Reuters had forecast retail sales nudging up 0.1 percent in July.” (link)
“Retail spending in the United States increased a half-percent during the month of July — well beyond what experts predicted.” (link)
“U.S. retail sales rose more than expected in July as households boosted purchases of motor vehicles and clothing, suggesting the economy remained strong” (link)

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Originally outlined a year ago. Reposted by request. At the heart of the professional/political opposition the issue is money; there are trillions at stake.

President Trump’s MAGAnomic trade and foreign policy agenda is jaw-dropping in scale, scope and consequence. There are multiple simultaneous aspects to each policy objective; however, many have been visible for a long time – some even before the election victory in November ’16.
If we get too far in the weeds the larger picture is lost. CTH objective is to continue pointing focus toward the larger horizon, and then at specific inflection points to dive into the topic and explain how each moment is connected to the larger strategy.

Today we repost an earlier dive into how MAGAnomic policy interacts with multinational Wall Street, the stock market, the U.S. financial system and perhaps your personal financial value. Again, reference and source material is included at the end of the outline.
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