The Bureau of Labor Statistics released the August Jobs Report showing 130,000 jobs added during the month.  Year-over-year wage growth remains 3.2%, with a very strong three month wage growth showing gains of 4.2%.
Overall the top line growth of 130k jobs sounds modest; but jumpin’ ju-ju bones, the data underneath the top line is extremely strong and highlights exactly why wage rates have been rapidly increasing over the past three months.  [Table A – BLS Report]

• The civilian labor force increased by 571,000 workers in August.
• The number of employed Americans jumped up by 590,000 in August.
• The number of people not in the labor force dropped by 364,000 in August.
• The workforce participation rate increased 0.2 to 63.2 percent in August.

With a tight labor market we are seeing the natural upward pressure on wages. In the past four months wage rates have increased 4.2% [Table B-3], and from the employment data it appears those large wage incentives are bringing people back into the workforce.
Year-over-year the number of employed Americans has grown by 2,274,000 people.
(more…)

This is another one of the rare interviews where an American CEO calls out the specifics of how Wall Street greed created the China problem that pummeled Main Street.
Cambria CEO Marty Davis discusses the root of the trade issues with China and President Trump’s efforts to address the problem.  He accurately calls attention to the origin of the issue; and then brilliantly explains the current consequences of decisions made by an alignment of Wall Street interests and powerful U.S. politicians.
CTH readers will notice a significant amount of similarity in the words and phrases Mr. Davis uses to describe the issues. This guy gets it.
This is well worth nine minutes of your time.  Mr. Davis really gets it, and is not afraid to call the baby ugly. His criticisms are so spot-on accurate they made Maria Bartiromo uncomfortable in broadcast. These things are usually not said.  Must Watch:

(more…)

Boy howdy if ever there was an article that showed the layers and ramifications of President Trump’s global trade reset, this is a good one.   The multinational media do not want American voters to understand the dynamic, because if we did people would catch-on to how the global economy was structured upon removal of U.S. wealth…

(Tweet Link)

Reuters is reporting on a significant drop in German industrial orders, and they specifically point to diminished orders from the U.K (small part) and China (big part) as the cause.  However, the analysis stops at the part where China’s lack of industrial orders is the leading contribution to retraction in the German export sector.
What the financial analysis does not approach (ie. the third rail of multinational corporate admission that must never be outlined), is the reason why Chinese orders for German industrial goods have dropped.
The problem for China, and ultimately for Germany, is that Trump’s trade reset has stopped a big amount of U.S. wealth from arriving in Beijing. Simultaneously, Beijing is countering Trump’s tariffs by devaluing their currency.  The rebound economic impact is doubled. China has: (1) less income; and (2) less value within their own currency.
Where does this dynamic show up?…. Anytime China is going to buy something.
(more…)

Federal Judge Emmet Sullivan held a sealed ex parte hearing with Michael Flynn’s defense counsel, Sidney Powell, today.  An “ex parte hearing” is a judicial review of an emergency request, in which the other party may or may not be present. [ie. a discussion between Flynn’s counsel and the court. The content was ‘sealed‘.]

(Hat Tip Techno-Fog)

As an outcome of today’s discussion, the court (Judge Sullivan) stated he will first reconcile issues surrounding allegations of Brady violations (unethical concealment of evidence favorable to the defendant), before proceeding to issues around the DOJ’s refusal to grant defense counsel with security clearances.
The ex parte hearing was prompted by a filing from Flynn’s attorney Sidney Powell, (reposted below).  From the court’s response today it would appear Judge Sullivan will address the Brady concerns first, during the hearing scheduled for September 10th. (more…)

CTH readers are well versed in the dynamics of the Panda mask -vs- Dragon motives of China.  Therefore we are able to discuss events without the MSM financial filter; which is narrated specifically to the benefit of multinational interests.  Always keep that in mind.

Everything needed to understand the latest panda narrative from Beijing is identified in this simple paragraph:

(Beijing) […] The talks were supposed to have resumed this month but China’s commerce ministry said Vice Premier Liu He, Beijing’s pointman on trade, agreed to October in a phone call with US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin on Thursday. (more)

First, anything from Vice Premier Liu He is panda-speak; he is a tool in the process of Chinese narrative engineering.  All former trade negotiation authority held by Liu He was stripped by Chairman Xi Jinping.  Commerce Minister Zhong Shan is the real voice of Xi and the Beijing authority.
Second, what exactly is Beijing selling?  An “October phone call”…. and that manipulates markets for the multinationals on Wall Street.  A friggin’ announcement of a phone call?
(more…)

ADP Payroll analysis for August reflects continued strong gains in the jobs market beating all expectations from the financial pundits.   The official government stats will be released tomorrow (private and public sector); in the interim the ADP payroll of private sector job creation shows that Main Street continues to be very strong.

(Reuters) U.S. private employers added 195,000 jobs in August, above economists’ expectations, a report by a payrolls processor showed on Wednesday.
Economists surveyed by Reuters had forecast the ADP National Employment Report would show a gain of 149,000 jobs, with estimates ranging from 110,000 to 175,000.

(more…)

Looking over how much corrupt Hillary Clinton dirt the intelligence community hid in the 2016 election, the big picture aspects deserve an expanded discussion.
In the larger picture it is clear the Obama administration weaponized the institutions of government to target his/their political opposition. It is also increasingly clear a Hillary Clinton administration would have monetized the U.S. government.

President Obama’s team used the DOJ, CIA, FBI and IRS to target their opposition.  The intelligence apparatus was weaponized; one small example that scratches the surface is the FBI/NSA database exploitation.  Black files on DC politicians, private sector groups and individuals facilitating leverage, and we are still seeing the ramifications.
When Patrick Byrne recently discussed his role within the  “political espionage” operations, he is describing this exact process; not coincidentally he also seems to have retreated into a safe-space.
Big multinational interests, Big Pharma, Big Ag, Big Global Banking interests, etc, were exclusively supporting both President Obama and candidate Clinton.  The domestic politics of the U.S. were/are tools toward an end; and, so long as the person occupying the oval office did not interfere with Big Club objectives, they too would benefit financially.
(more…)

House Intelligence Committee ranking member Devin Nunes appears on Fox News with the Tick-Tock club to discuss a lawsuit he has filed (full pdf below) against Fusion GPS.
The Nunes lawsuit alleges Fusion GPS participated in racketeering and conspiracy smear campaign Nunes and the House Intelligence Committee; in an attempt to impede the committee investigation of coordination between the Clinton campaign, Fusion GPS and the FBI.  [Cloud Link to lawsuit – Scribd Link to lawsuit]

.
According to the Tick-Tock club everyone must work together with Senator Lindsey Graham because the “Deep State” will attempt to obfuscate, hide information, block oversight and impede any effort to highlight damaging institutional information.
In essence what they are saying is that U.S. Attorney General Bill Barr is incapable of releasing the information.  CTH does not agree. AG Barr is capable, he’s just not delivering; quit defending his inaction. Stop the nonsense.  Here’s the lawsuit:
(more…)

The jaw-dropping elitism expressed by British members of parliament continued today as globalists in the Conservative Party joined with globalists in the Labour Party and passed a bill in the UK House of Commons to block no-deal Brexit.  Their goal is to handcuff Prime Minister Boris Johnson from leaving the EU on October 31st.  [Backstory Here]
The multinational banks and financial elite have poured money toward the anti-Brexit politicians (both parties) and deployed all media efforts in an attempt to stop the U.K from leaving the European Union despite the majority of British who voted to leave in 2016.

The latest move by the elitist group, led by far-left Jeremy Corbyn, forces the U.K. to say in the EU until an agreement to exit the EU is affirmed.  However, the actual purpose of the bill is to empower the EU never to agree to *any* terms of Brexit, thereby keeping the U.K. in the EU forever.
Boris Johnson has requested a mid-October general election so the British people can remove the elitist politicians.  However, two-thirds of those same politicians would have to agree to allow a vote that would eliminate their position.  Therefore, the pontificating elite are also blocking any effort at a snap election.  It’s a mess.
(more…)

Earlier today President Trump announced a program for federal grants to combat opioid addiction.  Following the announcement the President took questions from the assembled media pool. [Video and Transcript Below]

.
[Transcript] – THE PRESIDENT: Thank you very much, everybody. And thank you very much for being here with us, at the White House, for a very important announcement — something we’ve worked extremely hard on.
Today, the Department of Health and Human Services is awarding $1.8 billion in new grant money to fight the opioid epidemic — something we’ve had quite a bit of success on and we’re continuing. And I think you’ll be amazed at the results. We’ve been doing this from pretty much the beginning, but really emphasis over the last year and a half.
(more…)