Amid the latest evidence that Hunter and Joe Biden are selling their ability to influence U.S. institutions to the benefit of foreign governments, I have received numerous requests to once again explain what those foreign interests are purchasing.

Understanding the purchase requires understanding the term “exfiltration” of wealth.  To understand the purchasing system, it becomes necessary to understand the underlying financial & economic constructs; the cornerstone of U.S. wealth. We begin…

President Trump is disrupting decades of multinational financial interests who use the U.S. as a host for their ideological & economic objectives. President Trump is confronting multinational corporations and the global constructs of economic systems that were put in place, by DC politicians and billionaire elites, to the detriment of the USA; ie. YOU.

There are trillions at stake.  All else is chaff and countermeasures.

We are already familiar how China, Mexico and ASEAN nations export our raw materials (ore, coking coal, rare earth minerals etc.). The raw materials are used to manufacture goods overseas, the cheap durable goods are then shipped back into the U.S. for purchase.

It is within this decades-long process where we lost the manufacturing base, and the multinational economic planners (World Trade Organization) put us on a path to being a “service driven” economy.

The road to a “service-driven economy” is paved with a great disparity between financial classes. The wealth gap is directly related to the inability of the middle-class to thrive.

Elite financial interests, including those within Washington DC, gain wealth and power, the U.S. workforce is reduced to servitude, “service”, of their affluent needs.

The destruction of the U.S. industrial and manufacturing base is EXACTLY WHY the wealth gap has exploded in the past 30 years.

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The ADP private sector payroll report [link here] reflects continued rapid recovery from the regional COVID-19 shutdowns. The monthly report shows gains of 749,000 jobs, exceeding the expected 650,000 forecast.

One of the key factors is the expiration of the disincentive via the federal COVID unemployment mechanism that provided an additional $600/month beyond normal earnings in the unemployment package. This has been a topic of many coversations in my travels as working-class businesses have been having a hard time getting people to return to work.  (more on that below)

(Reuters) Private payrolls increased by 749,000 jobs this month after rising 481,000 in August, the ADP National Employment Report showed. Economists polled by Reuters had forecast private payrolls would rise by 650,000 in September. Employment gains were spread across all industries and company size.

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When Commerce Secretary Wilbur Ross appears… PAY ATTENTION.  In this interview Secretary Ross outlines an announcement today [LINK HERE] about the U.S. will block Chinese owned WeChat, and additional security measures against TikTok.

COMMERCE – […] While the threats posed by WeChat and TikTok are not identical, they are similar. Each collects vast swaths of data from users, including network activity, location data, and browsing and search histories. Each is an active participant in China’s civil-military fusion and is subject to mandatory cooperation with the intelligence services of the CCP. This combination results in the use of WeChat and TikTok creating unacceptable risks to our national security. (more)

Additionally, Secretary Ross discusses sector-specific relief for the airline industry and U.S. farmers. On the farmer side we should all remember any confrontation with Beijing could lead to China pulling back from purchase agreements. China cannot feed itself and is dependent on imported food products, so the scale of any pull-back is not known.

DETAILS – In response to President Trump’s Executive Orders signed August 6, 2020, the Department of Commerce (Commerce) today announced prohibitions on transactions relating to mobile applications (apps) WeChat and TikTok to safeguard the national security of the United States.

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Those who have followed the Trump administration’s decoupling strategy will note the potential conflict from within this approach is a ‘nothing to lose’ proposition from Donald Trump’s perspective.

The Trump administration announced today the Department of Homeland Security, via U.S. Customs and Border Patrol, are about to start blocking the import of products from five specific entities in western China’s Xinjiang region.  The objective is to block products that come from forced Uighur labor in Xinjiang, China.

The authority comes from U.S. “Withhold Release Orders” (WRO’s) that allows U.S. Customs and Border Protection to detain shipments based on suspicion of forced-labor involvement under long-standing U.S. laws to combat human trafficking, child labor and other human rights abuses.  Ken Cuccinelli explains to Lou Dobbs.

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At first blush this might seem detrimental to the objectives of the U.S-China Phase-One trade deal. However, if you have followed the decoupling process closely; including the warnings given by Trump to U.S. multinationals; you will note there is no specific downside to this confrontation.

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White House Senior Trade and Manufacturing Policy Advisor, Peter Navarro, appears with Maria Bartiromo to discuss the ongoing white house economic policy to continue recovering American jobs and manufacturing.  Additionally, Navarro discusses the China conflict of interest carried by the Biden campaign.

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A few days ago Samsung announced they would stop production and manufacturing of Televisions in China by November.  Today they announce they will stop the sales of high-tech chips to Chinese owned Hauwei.

ANDROID HEADLINES – In the latest blow to Huawei, South Korean chip manufacturers Samsung and HK Hynix will reportedly cease all trades with the Chinese company beginning next week. This comes after the US Department of Commerce last month announced an amendment to the trade restrictions it imposed on Huawei back in May.

According to reports from various Korean news outlets, the companies will suspend trade on September 15th. That’s when the new set of rules come into effect. The rules bar any American or non-American company that uses a US-origin software or technology from selling components to Huawei. Any such trade would require the companies to obtain special approval from the American government.

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Secretary of Treasury Steven Mnuchin appears on Fox News Sunday to talk about negotiations with Speaker Pelosi for a funding mechanism for government.  Mnuchin outlines another “CR” (“Continuing Resolution”) that will extend funding through December 2020.

Additionally, Mnuchin discusses a “very targeted” COVID-19 support bill for those sectors, industries, companies and small businesses feeling the strongest impact. As the treasury secretary outlines, the administration is seeking optimal solutions for the current status.

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ODNI John Ratcliffe made an interesting, frightening & stunningly open direct statement yesterday when he described intelligence evidence that China is putting on a full-court press against governors and local officials to retain their influence campaign in 2020.

Essentially what DNI Ratcliffe described boils down to Beijing threatening economic blackmail against U.S. officials who were comfortable being reliant on local Chinese investment and purchases of U.S. companies, assents and interests.

With that stark statement in mind; and keeping the full national security ramifications in the forefront; it is worth remembering a foreboding speech given by Secretary of State Mike Pompeo in February.

This is specifically important now against the backdrop of how some U.S. politicians appear to be reacting to the COVID-19 challenges, perhaps even weaponizing the virus to achieve political objectives; and with a perspective toward the way media outlets, some businesses and many politicians appear to be influenced by China. The background context for this speech takes on an entirely new dimension.

Pompeo’s remarks were made to the National Governors Association (NGA) Feb 8, 2020; and there’s an interesting segment where Pompeo reveals his awareness of a list of U.S. governors compiled by China’s communist party; and their alignment with China’s interests. A transcript of the key excerpt from his speech is provided. WATCH:

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A fifteen year argument is finally over…. We win.  Most CTH readers probably don’t even remember the reason for the name: “The Last Refuge” upon this little corner of the internet.  However, for well over a decade we have tried to share the truth behind the financial mechanisms that run Washington DC; and the primary machine has always been a completely corrupt, deceptive and anti-American U.S. Chamber of Commerce.

Against the entirety of the conservative media; and against the entirety of every organized group that ever attended CPAC; this website has attempted to educate people about the genuinely fraudulent purposes of the U.S. CoC and their President Tom Donohue.  I have written hundreds of articles over the years outlining “there are trillions at stake” and the elements of importance behind that statement.   Every single mainstream conservative voice has denied the truth; and likely most of them are probably on the CoC payroll.

Every former administration took massive payments from the CoC and allowed the Chamber to write trade agreements language for decades.  The CoC business model was to take payments from Wall Street multinationals and then write the agreements to their benefit.  Politicians were paid to keep quiet and support the CoC.  The chamber is the largest lobby organization in DC.  The chamber spends more money on influence than any other lobbying group by a massive amount.  The CoC is at the heart of DC corruption.

President Trump knew about the CoC business model; that’s why he never allowed them a seat at the ‘America First’ table.  That was the original source of our support for candidate Donald Trump.  And now, after a decade of our trying to highlight the CoC scheme and the reason for it; yesterday, the U.S. Chamber dropped their pretense and admitted they were now supporting democrats because the CoC effort can only succeed by destroying Main St.

WASHINGTON DC – The U.S. Chamber of Commerce is poised to endorse nearly two dozen freshmen House Democrats for reelection, triggering a revolt within the right-leaning organization and drawing fierce push-back from the group’s powerful GOP donors.

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United States Trade Representative Robert Lighthizer, U.S. Treasury Secretary Steven Mnuchin and China’s Vice-Premier Liu He release a joint statement showing renewed emphasis on phase-1 purchases.

Washington, DC – Ambassador Lighthizer and Secretary Mnuchin participated in a regularly scheduled call this evening with China’s Vice Premier Liu He to discuss implementation of the historic Phase One Agreement between the United States and China. The parties addressed steps that China has taken to effectuate structural changes called for by the Agreement that will ensure greater protection for intellectual property rights, remove impediments to American companies in the areas of financial services and agriculture, and eliminate forced technology transfer.

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