Very Important Economic Confrontation: Neil Cavuto -vs- Larry Kudlow…

Neil Cavuto is the defender of multinational Wall Street interests.  Cavuto’s boss, Rupert Murdoch has a well known insider nickname: “Mr. Wall Street”… The Murdoch operations (Fox News and Wall Street Journal among them) are ideological advocates for multinational corporations and historic globalist trade practices; to the detriment of the U.S. middle-class.  Cavuto and Murdoch are aligned with U.S. Chamber of Commerce President, Tom Donohue, in all things related to Big Multinational Trade.

In this interview there is a very apropos example of the twisted disconnect evident in the multinational corporate media perspective.  Please watch the part that begins around 04:55 and listen closely to Cavuto:

…”and we’re really seeing the effect on the folks who have to pay the bills for this sort of thing … we’re already seeing soybean prices coming down; we’re seeing pork related prices coming down … folks are taking it on the chin, what are you telling them?”… etc.

There it is.  Did you catch it?

In discussing futures Cavuto sounds the alarm for “Soybean prices coming down.”  “Pork prices coming down”; and “the folks “taking it on the chin.”

Now, think.  What Neil Cavuto is saying is that U.S. food futures prices are forecast to come down.  In that scenario who exactly is taking it on the chin?

Who is it that Neil Cavuto sees losing out in his position?  It’s not the family going to the grocery store… they will see lower prices… so who are these “folks” losing out?

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Newly Appointed NEC Chairman Larry Kudlow Talks Trade…

Replacing Gary Cohn, today is day one for Larry Kudlow to hit the airwaves as President Trump’s new Chairman of the National Economic Council.  This will be an interesting dynamic to watch.  In essence, Kudlow’s job – whether he admits it or not, is to remove the clenched grip of U.S. Chamber of Commerce President, Tom Donohue, from the republican trade and business position.

With multinational trade confrontations now taking center stage, Kudlow is going to have to slowly shift the GOPe political minds into a modern Trump-era where Main Street U.S.A. is the priority.  Wall Street needs to shift to domestic investment if they desire to remain beneficiaries.

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Commerce Secretary Wilbur Ross Discusses the Big Picture Trade Confrontation With Duplicitous Panda…

U.S. Commerce Secretary Wilbur Ross appears on CNBC earlier today to talk specifically about U.S-China trade resets, confrontation and negotiations.  Secretary Ross cuts right through the chaff and countermeasures and gets right to the primary issues.

When questioned about the myriad of downstream issues, Secretary Ross stays focused on the big picture.  GREAT INTERVIEW (there are multiple segments where it’s almost impossible not to laugh during Wilburine’s gnat-swatting):

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August 2nd, 2017 DOJ Letter From Rod Rosenstein To Special Counsel Mueller Outlining Investigative Authorization…

When reviewing new information against the backdrop of existing information it is important not to get so caught up in the weeds that you miss the obvious.  This is the important aspect to a new information release from Robert Mueller.

Overnight last night Special Counsel Robert Mueller released an attachment as part of a responsive court pleading.   The attachment was a previously unknown letter from Asst. Attorney General Rod Rosenstein to Robert Mueller outlining the specific authority of his investigative appointment.  The letter from Rosenstein to Mueller is dated August 2nd, 2017.

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There are several elements to break down, and one of the best ways to review the information is to first ask “why”?

  • Question #1) Why did Asst. Attorney General Rod Rosenstein deliver a non-public outline of investigative authority to Mueller on August 2nd, 2017?
  • Question #2) Why would Robert Mueller be seeking a signed more specific outline of his investigative authority on August 2nd, 2017; a full three months after he was assigned the role of Special Counsel?
  • Question #3) Why would Robert Mueller need to redact the content of an official outline of his investigative instructions from the Asst. Attorney General?

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Prequel – Specific Instructions From Rod Rosenstein to Robert Mueller Surface…

Overnight last night Special Counsel Robert Mueller released an attachment as part of a responsive court pleading.   The attachment was a previously unknown letter from Asst. Attorney General Rod Rosenstein to Robert Mueller outlining the specific authority of his investigative appointment.  The letter from Rosenstein to Mueller is dated August 2nd, 2017.

The revelation of the content within the letter, in conjunction with the specific date of transmission to Robert Mueller, substantively changes my review of Rod Rosenstein’s 2017 motives and intents surrounding his authorization of the Special Counsel appointment.

Before getting to the Rosenstein letter to Mueller, it is important to review the origin of a specific fact that will be a key component in the next post.  To establish an important and needed time-frame.  See Page 18, Item #3, second paragraph of Interim Congressional Report:

“The FBI’s conduct in relation to supplying the text messages between Strzok and Page only heightens concern about actions and intentions at the highest echelons of the FBI. The DOJ OIG obtained the initial batch of text messages on July 20, 2017.“

Inspector General Horowitz gained the Page/Strzok text messages on July 20th, 2017.

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President Trump Contemplates Use of U.S. Military at Southern Border…

I don’t know how many people are connecting the dots of President Trump’s border security proposals, and the increased urgency therein, to the upcoming -almost guaranteed- outcome of the Mexican election… but the connection is too brutally obvious to be ignored by the intellectually honest.

With a commanding -and growing- 18 point lead, it is almost a certainty our closest Southern neighbor is going to be run by a far-left Marxist ideologue, Andres Manuel Lopez Obrador.  It is against this backdrop, and the certain conflict with the U.S. economy, where we see a renewed sense of urgency from President Trump today:

WASHINGTON DC – President Trump on Tuesday said that the U.S. will secure the southern border with the military until a wall can be built, calling the move a “big step.”

Trump made the remarks during a meeting with Baltic leaders, where he said he had discussed the matter with Defense Secretary Jim Mattis.

“Until we can have a wall and proper security, we’re going to be guarding our border with the military,” he said. “That’s a big step, we really haven’t done that before, or certainly not very much before.”

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Concerns With Fraudulent Justice Department FISA Application Highlighted by New Page/Strzok Text Messages…

Sara Carter has a new ‘exclusive’ report from congressional sources who are sharing new text messages with her surrounding the timeline of the Justice Department’s National Security Division compiling the FISA Title-1 application that was eventually authorized to conduct FBI surveillance on Carter Page and the Trump Campaign.

A note of caution within the story as outlined by Carter, there’s some granular details -subject to interpretation- that she appears to be misconstruing. Additionally, it is important for emphasis to remember the Main Justice side of the scandal stems from rogue officials within the DOJ national Security Division [DOJ-NSD].

According to Carter, Peter Strzok was expressing frustration about the FISA application being challenged. DOJ Attorney Lisa Page, assigned to Andrew McCabe by the DOJ ‘small group’ leadership, was explaining to Strzok who, how and where the slowdown was coming from.

Sara Carter – […] Text messages obtained by investigators reveal that FBI Special Agent Peter Strzok and his colleague Lisa Page were discussing the FBI’s difficulty in obtaining the warrant to spy on Carter Page, who worked for a short stint with the Trump campaign. The FBI obtained its first warrant to spy on Page on Oct. 19, 2016, and there would be three subsequent renewals every 90 days for the warrant on Mr. Page.

[…] In one of the September 2016 text message chains, Strzok tells Lisa Page about an argument that occurred with former DOJ prosecutor David Laufman. Laufman, who was then chief of the DOJ’s National Security Division’s Counterintelligence and Export Control Section, oversaw the probe into former presidential candidate Hillary Clinton’s use of a private email server, as well as the alleged Russian interference in the 2016 election. Laufman left the DOJ earlier this year citing personal reasons for leaving his post, according to news reports.

Here’s where Sara Carter gets “BOMBSHELL” sideways:

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Victor Davis Hanson Discusses the Downstream Effects of Corruption Within Obama’s FBI and DOJ…

Victor Davis Hanson appears on Fox Business with Lou Dobbs for an excellent interview on the topic of DOJ and FBI political corruption.  In the first response from Mr. Hanson he instinctively and accurately outlines the scale of the challenge that was/is faced by Attorney General Jeff Sessions.

Mr. Hanson frames the context of the myriad of issues very well, and as such represents himself as one of the few big-picture-brains who really gets it.  Hanson gets the totality of it… all of it.   Everyone should pay attention to how Hanson is able to look at the specific examples and details, and yet remain at the 30,000/ft level… Rare skill:

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Expanding below:

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Lucky Day, Lucky Day – Mexico’s Version of Hugo Chavez is Holding 18 Point Lead In Election Polling…

If the news from the first round of Mexican election polling was any better we’d have to be twins to enjoy it.   Andres Obrado, a well-known Marxist who intends a government take-over of the Mexican energy sector, is holding a commanding 18-point lead.

This is excellent news for border wall enthusiasts and those who want the Trump administration to pull out of NAFTA.

Mr Obrador is the modern Mexican version of Hugo Chávez (or Nicolàs Maduro/Bernie Sanders) with a similar ideological outlook.  His resulting territorial economic policies are certain to deliver the Venezuela outcome to the Mexican people.

For American companies doing business in Mexico, an Obrador win would be the worst possible outcome.  They will lose hundreds of billions from their current Mexican investments, as President Obrador swoops in to skim (tax) corporate profits for his state-run enterprises and care for ‘his people’. However, the good news is – those U.S. multinationals will likely all return to the U.S. asap.  Lucky day, lucky day.

Funnily enough, U.S. Commerce Secretary Wilbur Ross must have held some insider information about this likelihood when he sheepishly hinted toward this possibility a few weeks ago.  Oh, the poor multinational critters in Wall Street are gonna have a heart attack when they see this.  Wait, wha… they did already?

MONTERREY (Reuters) – Mexican left-wing presidential candidate Andres Manuel Lopez Obrador has an 18-point lead ahead of the July 1 election, according to a poll published on Monday that showed him with a growing advantage at the start of formal campaigning.

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China Announces $3b Tariffs on U.S. Imports – Pork, Scrap Aluminum, Wine and Fruits…

In retaliation for $50 billion in U.S. trade tariffs against Chinese imports, China laughably hits back with $3 their own billion tariffs against the U.S.  According to most reporting Beijing has selected U.S. pork and scrap aluminum as targets for a 25% tariff, along with wine and fruit tariffs around 15%.

It should be emphasized the approach by China is rather ridiculous considering the Chinese government purchased the largest U.S. pork manufacturer Smithfield in 2013 for $5 billion; at the time the purchase price was 30% more than the company was worth.  Smithfield, now a Chinese company, represents 25% of all U.S. pork products.

Do you really think China is going to not import it’s own pork products… or subject them to a domestic tax?  Think about it.  It’s ridiculous.  China knows they have ZERO leverage in a trade-dispute with the U.S., they cannot afford to lose access to the U.S. market.

The example of Smithfield foods is exactly what we have outlined in how China cannot sustain itself and needs to control the assets of foreign countries.  Hence, their one-road/one-belt program for securing products and raw materials.  China is a dependent economy, they need to exploit global trade to survive.  China cannot feed itself. This is the inherent flaw within their short-sighted authoritarian government-controlled economic model.

Again, for emphasis, the Chinese government underwrote the purchase of Smithfield foods in 2013.  They paid 30% more than the company was worth because they were securing access to food just like they would any other raw material (uranium, minerals, etc).  China also purchases U.S. politicians to retain their ability in this regard.

Now look at the cartoon from the unofficial Chinese state-run media today:

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