Whenever we discover a financial analyst who understands the new dimension in U.S. economics (rare) it is worth revisiting them from time-to-time. Allianz chief economic adviser Mohamed El-Erian was one of the first MSM pundits to: (a) accept the disconnect between Wall Street and Main Street via de-globalization; and (b) begin to explain why that matters in the era of Trump.
El-Erian appeared this morning on Fox Business News to discuss President Trump’s re-imposition of steel and aluminum tariffs on Brazil and Argentina. Additionally El-Erian discusses trade tensions, market outlooks, consumer strength, recession fears, and the drag the rest of the world is placing in the U.S. economy.

.
The U.S. economy is strong; all the fundamentals are solid. However, the multinationals on Wall Street -invested overseas- are more exposed. There is nothing that China and the EU can do to stop the de-globalization process; and efforts to stimulate their economy, more quantitative easing (pumping money) while the global supply chains are being shifted, are futile… they need “structural reform.”  The multinationals are holding cash, waiting to see how it plays out.
(more…)

On November 8th of this year Lawfare founder Benjamin Wittes sent a rather curious tweet proclaiming his undying devotion to former FBI lawyer Lisa Page.  At the time it seemed rather odd and out of no-where; but today it makes sense.
At the time of Witte’s tweet Lisa Page would have been scheduling her coming out narrative, and consulting with the DOJ/FBI “beach friend” community for PR advice.  After several weeks of planning and careful roll-out organization, noted by several weeks of contact with mutually aligned journalists, today Ms. Page steps into the spotlight with her introductory article in the Daily Beast, aptly titled: “Lisa Page Speaks“.
Yes, yes, of course Lisa Page says she’s a victim to the horrible President Trump and the exposure of “private affair”, and the exposure of her “political texts and biases” etc. etc.  However, that’s not what is really interesting….
Within the article there’s a very specific and very familiar type of victim narrative construct.
When you read the article it jumps out at you. The victim narrative is from the exact same acting coaches hired by the FBI and used by Dr. Christine Blasey-Ford; it’s a little spooky how both Ms. Ford and Ms. Page could sound so identical, until you realize the same FBI and media people have constructed both victim storyboards.
Ms. Page decries what she has seen happen to her beloved FBI, that as she said “she grew up in“.  Now, if that institutional attachment sounds a little over-the-top considering a grown woman started at the FBI in 2013 and resigned in 2018, well, it helps to remember this is the Public Relations advice from the DC-based FBI committee.
(more…)

The White House was given an arbitrary deadline of 5pm tonight (without any background information) for a participation response to a House Judiciary Committee December 4th hearing; at a time when President Trump is attending a NATO summit; for a hearing with unspecified witnesses; and for a hearing with unspecified purposes; and for a hearing with unspecified rules.
The White House responds accordingly (pdf here):

The full five-page letter is below:
(more…)

House Judiciary Committee ranking member Doug Collins appears on Fox News to debate the insufferable gatekeeper of the swamp, Chris Wallace.
Despite the necessary obfuscation by Wallace, who is professionally trained to pretend not to know things, Collins points out the ridiculous proposition that republicans and the White House are required to respond to participation demands when the HPSCI impeachment report hasn’t even been produced.  The process construct therein highlights the purely political motive of the partisan Democrat agenda.  At this point it’s transparent.

(more…)

Representative Andy Biggs appears on Fox News to discuss the next two weeks.  The Democrats are rushing to impeach President Trump prior to the Christmas recess.

• December 1st – Deadline for White House response for participation in “groundwork” hearing.
• December 2nd – Schiff’s HPSCI Impeachment Committee presents draft report.
• December 3rd – HPSCI Committee votes on impeachment report.
• December 4th – HJC “groundwork” impeachment hearing at 10:00am.
• December 6th – Deadline for White House response for participation in HJC Impeachment Hearing.
• December 6th – Deadline for House Republican witness list.
• December 9th – Hearing to deny House Republican witnesses.
• December 13th – House recesses for Christmas break?

(more…)

There has been a great deal of discussion about the pending release of the DOJ Inspector General report on potential FISA abuses on December 9th, but no word on the declassification material since AG Bill Barr was granted authority on May 23rd, 2019.

Amid the twists and turns many people have forgotten about the material congress asked President Trump to declassify a year-and-a-half ago.  Additionally there has been some material cited that just seemingly slipped away without follow-up.  Consider:

• Whatever happened to the forty pages of Lisa Page and Andrew McCabe text messages that Catherine Herridge noted nine months ago?  Herridge only published four of the pages in March 2019.
• Why are the Lisa Page and Peter Strzok text messages still redacted two years after their original release (December 1st, 2017)?
• Where’s the release of the Susan Rice inauguration day memo to the file?
• Why didn’t the DOJ/FBI release all of the Bruce Ohr 302’s without redaction?  Will those fully unredacted 302’s be part of the IG report release?
• Where’s the unredacted David Archey FBI declarations that were previously ordered to be released by a DC judge?
• The Mueller investigation ended 9 months ago.  Why are we still not able to see the  unredacted three authorization memos that Rosenstein gave to the special counsel on May 17th, August 2nd and October 20th, 2017?

Those simple questions (and releases) are in addition to the original list that congress provided to President Trump back in the summer of 2018.  A declassification list that DAG Rod Rosenstein asked President Trump not to release until after the Mueller investigation. Again, the Mueller investigation ended nine months ago; President Trump authorized AG Bill Barr to declassify the material six months ago on May 23rd.
(more…)

Candidate Trump was framed for stealing a horse; President Trump was subsequently accused of trying too hard to avoid hanging for it. Prosecutor Mueller eventually conceded that Trump didn’t steal the horse; however, by then the focus was on Trump’s efforts to avoid the hanging.  Eventually Mueller testified; it surfaced there was never a horse to begin with… Impeachment was stalled.   Prosecutor Jerry Nadler is attempting to resurrect a legal theory that President Trump can still be hung for attempting to avoid the hanging, even if there was no horse theft.   Yup, that’s were we’re at.
Earlier Friday House Judiciary Committee (HJC) Chairman Jerry Nadler sent another letter to the White House outlining a December 6th deadline for executive participation in the coup by impeachment.  The chairman also sent ranking member Doug Collins a similar letter asking for rebuttal witnesses by December 6th.  In anticipation of Nadler denying the republican rebuttal witnesses he has scheduled a committee hearing on the republican complaints for December 9th [yes, same day as IG Horowitz report release].

Both of these requests, along with the prior “groundwork hearing” request, come from the HJC before the judiciary committee has received the House Impeachment Inquiry report from Adam Schiff’s HPSCI partisan impeachment committee.  Apparently the HJC knows the report content from Schiff’s committee; which means there will be no full committee review by any republican members of the bunker basement impeachment group.
(more…)

The leaders of the twenty-nine NATO member nations are scheduled to meet next week in London, England.  Amid consistent pressure on the member states for increased defense spending to live up to their prior 2014 promises (Wales summit); and with NATO economies in a stalled geopolitical stasis due to their attachment to China (5G telecom), Russia (Nordstream II), and Iran; this summit holds increased possible ramifications.
This NATO summit could very well expose the duplicity and hypocrisy of the EU depending on how far U.S. President Donald Trump is willing to call them out.
There are going to be a lot of nervous snake handlers around the table(s), and with the U.K. elections in the near future there is a great deal at stake. The summit is Tuesday and Wednesday.  Here’s the White House background briefing:
[Transcript] – SENIOR ADMINISTRATION OFFICIAL: Good morning, ladies and gentlemen. I just want to thank everyone for being here today, Friday after Thanksgiving.
Just up front, this call is going to be on background, attribution to a senior administration official, and there will be an embargo on the contents of this call until it’s completed.
(more…)

In the past several days; and in anticipation of an inspector general report/release tasked to look into the FISA processes of the prior administration; I have been assembling a file, a series of reminder questions, that peer into the heart of the 2015/2016 FISA surveillance.  Today, is another reminder…  [*ahem* Sidney Powell, please note]

Left to right: Kathryn H. Ruemmler, President Obama, Lisa Monaco and Susan Rice.

Knowing what we know now, consider this long forgotten letter from Susan Rice’s lawyer Kathryn Ruemmler.  Ms. Ruemmler is currently the global co-chairman of the Latham & Watkins white collar criminal defense practice; she formerly served as White House Counsel to President Obama.  Ask yourself: how do these paragraphs reconcile?

[Feb 23, 2018] The memorandum to file drafted by Ambassador Rice memorialized an important national security discussion between President Obama and the FBI Director and the Deputy Attorney General. President Obama and his national security team were justifiably concerned about potential risks to the Nation’s security from sharing highly classified information about Russia with certain members of the Trump transition team, particularly Lt. Gen. Michael Flynn.
[…] While serving as National Security Advisor, Ambassador Rice was not briefed on the existence of any FBI investigation into allegations of collusion between Mr. Trump’s associates and Russia, and she later learned of the fact of this investigation from Director Comey’s subsequent public testimony.
Ambassador Rice was not informed of any FISA applications sought by the FBI in its investigation, and she only learned of them from press reports after leaving office. (link)

How could Ms. Rice be aware of a “national security compromise”, “particularly surrounding Lt. Gen. Michael Flynn” after a “briefing by the FBI”, if she was not briefed on the existence of an FBI investigation”?
See the problem?
(more…)

After President Trump met with North Korean Chairman Kim Jong-un to stop a region headed toward military crisis, the President was asked about the Nobel peace prize for his efforts with South Korean Moon Jae-in. President Trump responded: “Peace is the prize“.
Yesterday U.S. President Donald Trump secretly flew to Afghanistan to spend time with U.S. troops on Thanksgiving day.   While he was there President Trump met with Afghanistan President Ghani to discuss the groundwork for renewed discussions with Taliban leadership in an effort to construct a peace agreement in the highly tribal nation. [Video and Transcript Below]

.
[Transcript] – PRESIDENT TRUMP: Well, thank you very much. It’s great to be in Afghanistan with our troops. And we had a wonderful Thanksgiving lunch. It was abbreviated a little bit, but we served lunch and had lunch. And these are great people, and it’s also wonderful to be with the President of Afghanistan. And, President Ghani, thank you very much. It’s an honor.
We have a lot of things to talk about — many, many things. We’ve had tremendous success in the last few months with our military, as you know. ISIS has been very — very badly hit, very severely hit. We had al-Baghdadi down in a different part to the world, and we took him out. That was the father of ISIS — the founder. And he was trying to rebuild it, and that didn’t work out too well for him.
(more…)