To say there is broad-based confusion is an understatement.  The recent reporting by John Solomon of The Hill only makes the confusion worse.  Let’s stand back and reconcile two issues (with evidence to support) that are MASSIVELY conflated.

First, go read the full Solomon article.  Notice the entire construct of the article surrounds “The Comey Memos“.  As you will see, this specific topic is important.  Within the Solomon article you will find (emphasis mine):

[…] Inspector General (IG) Michael Horowitz’s team referred Comey for possible prosecution under the classified information protection laws, but Department of Justice (DOJ) prosecutors working for Attorney General William Barr reportedly have decided to decline prosecution — a decision that’s likely to upset Comey’s conservative critics.
Prosecutors found the IG’s findings compelling but decided not to bring charges because they did not believe they had enough evidence of Comey’s intent to violate the law, according to multiple sources.

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A recent FOIA release from Judicial Watch (full pdf below) reveals that two of Mueller’s initial FBI agents, based on dates and redactions – likely Peter Strzok and Joe Pientka, visited James Comey on June 7th, 2017, to retrieve a collection of his memos.
[However, a word of caution, one of the memos was titled “last night at 6:30pm” and is being widely misinterpreted to have been written the night before (June 6th, 2017) when that is not accurate.  It is likely that memo relates to the January dinner in the White House with President Trump that held the same sentence.]

(pdf here)

If we ignore the misinterpreted “last night” memo aspect (dinner with potus in January ’17), here’s what we can learn from this FOIA release:
♦First, the memos were picked up while FBI agent’s Peter Strzok and Joe Pientka were lead FBI agents that transferred into the Mueller team.  Therefore it’s likely they were the two who traveled to Comey’s house for this June 7th effort.
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In 2015 CTH outlined how candidate Donald Trump’s proposals were in-line with those who had long argued for a return of “economic nationalism”.  We also outlined when those proposals (now policy) are implemented, Fed action would be essentially irrelevant.

The Federal Reserve is pegged to the Wall Street Economy.  President Trump’s policies are pegged to the Main Street Economy.  There is a disconnect; a new dimension in U.S. economics; and very few people understand what happens in this space between them.
Thirty-five years ago Fed monetary policy impacted the U.S. economy directly because almost all activity (durable good manufacturing) was within our borders.  The natural dynamic of inflation could be influenced by the Fed.  Rate changes could offset inflation and also enhance domestic investment etc.
However, as time progressed that manufacturing activity -the basic underpinning of middle-class jobs, wages etc- shifted overseas.  When monetary policy became controlled by multinationals (Wall Street influencers purchasing politicians), capital investment moved to generate purely higher profits.  Businesses, specifically manufacturing, went abroad.  As a consequence the determination of prices, ie ‘inflation’, was no longer influenced by the Fed because the actual economic activity was/is outside the U.S. borders.
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The Bureau of Economic Analysis (BEA) released significant wage and salary data yesterday which held stunning upward revisions for 2018 and 2019.   Wage growth of 5.5% combined with low inflation remaining at 1.4 percent; the disposable income of U.S. workers jumped to a stunning 4.1%.  [Data Tables]

Within the revised BEA data, we find employee compensation rose 4.5% in 2017 and 5% in 2018.  Importantly the growth trend continued into 2019, with compensation increasing 3.4 percent in the first six months alone.  Year-over-year wages and salaries were revised upward to 5.3% for May, and 5.5% in June.  These are stunning increases in worker pay.
There are various economic indicators we have shared through the years, but wage growth is one of the more critical.  First, wage growth lags behind business activity – workers don’t get pay raises until after business volume demands/provides it.  Second, wage growth is generally uni-directional – once businesses hike pay, the increases cement.
As the Wall Street Journal put it:
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It was only a matter of time before someone explained how the Chinese advisors to Chairman Xi Jinping are using President Trump’s inability to hold the coup plotters accountable as evidence they can wait out the President.
This is the crossover, where a lack of accountability for “Spygate” now begins to negatively influence the geopolitical, economic and strategic position of President Trump.  However, there’s an upside to this dynamic….
In several interviews the president has noted his preference to keep the DOJ and FBI issues at a distance and deferred action to others. The economic reset is President Trump’s #1 priority.  If Trump identifies the lack of DOJ and FBI accountability as an impediment to the economic program, he may become much more engaged.

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SHANGHAI—Plodding progress in trade negotiations between the U.S. and China this week is partly the result of a new tactic from Beijing, which increasingly thinks waiting may produce a more-favorable agreement.

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Last night President Trump gave a lengthy 26 minute interview to C-Span and journalist Steve Scully. [Full Video Here] Here’s some video excerpts from the interview:

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Former Acting Attorney General Matt Whitaker appears with Lou Dobbs to discuss ongoing issues in/around the DOJ and FBI.
Matt Whitaker notes the corrupt members of the FBI/DOJ who have left the institution; but stops short of criticizing current FBI Director Chris Wray. Whitaker expresses strong support and respect for John Ratcliffe’s nomination to ODNI.
Whitaker positions himself as an advocate for transparency, but is careful not to be critical of those in the DOJ and FBI who are working diligently against releasing documents that would actually bring about transparency.  The implied message is that declassification of material will ultimately force transparency…. [but he doesn’t say it].

…Every minute spent outraged at what Comey, McCabe or Muller did yesterday, is one minute less that Bill Barr is being held accountable for what he is not doing today…

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Chopper Pressers are the best pressers; and today we get two. One upon departure, and one upon return to the White House from Virginia. [Video Below – Transcript will follow]

UPDATE: Transcript Added
[Transcript] – THE PRESIDENT: So, Jamestown was amazing. I very much appreciate that the Democrats were so respectful because it is what it is. It’s a very important moment: 400 years. So I appreciate very much the Democrats. We had great receptivity. I guess I saw a few; you only covered the protester. One protester.
But Jamestown, I thought, was fantastic. And I was treated, really, I think — and I have to — I obviously thank the Republicans, but I also thank the Democrats. We had one person. And other than that, it was really fantastic.
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Chopper pressers are the best pressers.  Earlier today President Trump held an impromptu press conference as he departed the White House for an event in Virginia.
[Video below – Transcript ADDED]

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[Transcript] – 9:12 A.M. EDT – THE PRESIDENT: So I just want to tell you the economy is doing fantastically well. We have people over in China right now. We’re negotiating with China. We’ll see what happens. We’re either going to make a great deal or we’re not going to make a deal at all. But a lot of great things are happening, and including with China.
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Good interview between Fox Business’ Maria Bartiromo and former White House trade official Clete Willems.  Essentially Willems confirms the current outlook of the Trump administration that a deal with China is not likely in the short-term; however, Willems is optimistic of the probability in the longer term (as China realizes consequences).

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