Do Commitments of Traders & Inventories Really Matter?


QUESTION: Do you think that the Commitment of Traders and reported inventories are relevant to gauge market performance?

ANSWER: The oldest game in town is manipulating inventories. Commodities can be stored at many places, but only selected facilities are on the reporting list. During the famous Buffet Silver scandal of 1997-1998, to justify taking silver up in price they had to make the inventories appear to decline. The easy way to do that was simple. Buffet bought the silver but in the London market – not COMEX. Thus, the silver was moved from New York to London and then everyone touted silver was in short supply as if it had been consumed like wheat.

Phibro had one of their paid analysts to call the Wall Street Journal to try to stop me from warning clients that silver was being manipulated. Their mistake was getting mainstream media involved. Once the Wall Street Journal reported I said silver was being manipulated, the CFTC had to call me. I can write on this blog whatever. As long as it does not appear in the mainstream press government can ignore it.

The CFTC called me and asked me where the “manipulation” was taking place. I told them it was out of their jurisdiction in London. They said they could make a call and I said that was what they had to do. The indeed called the Bank of England and all the silver dealers were ordered to appear in the morning at the Bank of England. Buffet would be found out and had to issue a public statement that he had amassed 130 million ounces of silver or about 25% of the world supply. He denied manipulating the market and announced that the company had taken delivery on 87.5 million ounces of silver, the remaining 42 million was on “call for delivery at varied dates until March 6, 1998.” The release went on to say that the he “is willing to defer delivery for a reasonable period upon payment of a modest fee.”

The press backed Buffet. Even Baron’s penned the “Silver Fox” concluding: “After that, silver prices will march on. For a while at least, Buffett’s play will continue to look golden.”

Of course, that was not the case even with buying 25% of the world supply.

 

Like the Hunt Brothers, with Buffet taking 25% of the world supply, he too could not force a bull market. This is telltale signs of a false rally which is indicative of manipulation. So commitment of traders and inventories are by no means fundamentals to hang your hat on for a guaranteed trade. They are more often than not used to get the sheep to buy in. You must also look around at other markets and how everything fits. You will notice that gold was not responding in sync with silver. If it was a true bull market, gold would lead the way.

Central Bank Reserves – The Rise of the Yuan


QUESTION: Mr. Armstrong; I understand that your model shows that China will become the dominant economy post-2032. The IMF added the yuan to their SDR basket. Are central banks starting to use the yuan in reserves in a major way yet?

KD

ANSWER: Yes. The ECB (European Central Bank) converted a half-billion euros to yuan. So that is not what you would call major. This is a first step in the true internationalization of the yuan. The Bundesbank has also converted a small portion of their reserves. So it is starting. Reports that China was selling off US debt are false. The U.S. debt to China is $1.2 trillion as of October 2017. That’s 19% of the $6.3 trillion in Treasury bills, notes, and bonds held by foreign countries. The rest of the $20 trillion national debt is owned by either the American people or by the U.S. government itself. What China and most governments have been doing is reducing their holding in maturity from 10 years down to 5 years or less.

Despite what everyone may believe, the ECB reserves rank only number 30 on the list among central banks with just 75.1 billion. China has the biggest reserves of all followed still by Japan. Other than Switzerland, no European country ranks in the top ten. This is a reflection of their status in world trade as well. It only follows reason that the Chinese yuan will become a wider used reserve currency as it also dominates trade.

Why the Dollar is the Mainstay of the World Economy


QUESTION: A friend told me the one pound coins I have from a trip to Britain last year were canceled. How can a government simply cancel its money?

KL

ANSWER: Oh yes. Britain canceled the one pound coins last October. They estimated that £400-450 million pounds became worthless overnight. Europeans routinely cancel their currency. This is another reason why the US dollar is the RESERVE CURRENCY in the world. While you have these people who hate the dollar all the time in the USA, outside, it is the mainstay. The dollar is used worldwide because it is trusted while other countries routinely cancel currencies. India made headlines last year cancelling their high denomination notes overnight. This may force people to pay their taxes and prevent them from hoarding cash. But it is also why the US Treasury and Board of Governor’s staffs estimate that nearly 60% of all U.S. banknotes in circulation, or close to $500 billion, is held outside the United States. There are more dollars outside the USA than inside. This is also why the USA is not pushing the electronic currency as hard as you see in Europe. There, they just want to cancel all the currency to get more taxes.

 

There was a 1996 article on this they called the Money Plane when everyday planes full of $100 bills were flying to Russia. They were shipping $100 million per day. This is why the dollar is the world’s RESERVE CURRENCY. The majority of it is used outside the country because everyone else cancels their currency routinely. The US currency has NEVER been canceled so the very first note from 1863 can still be spent although its value is way beyond its face. This is why the dollar is the mainstay of the world economy. It is the preferred medium of exchange in the cash world outside the USA. The dollar-haters do not step a foot outside the country and are clueless about the real role the dollar plays worldwide.

Great Video Explanation – “Operation Trump” – Former Federal Prosecutor Outlines Scope of FBI and DOJ Corruption…


Former federal prosecutor Joe diGenova outlines the majority of the events behind the unlawful surveillance of Donald Trump and each of the participating members within the FBI and DOJ corruption.

In essence, during this 30 minute discussion, diGenova outlines much of the back-story and how FBI officials Bill Priestap, Peter Strzok, Jim Baker, Andrew McCabe and Jim Comey participated along with Justice Department Loretta Lynch, Sally Yates, John P Carlin, Bruce Ohr and Lisa Page.  Mr. diGenova has a solid grasp on the players and how they are enmeshed within the entire operation.

DiGenova also shares how NSA Director Admiral Mike Rogers, Chairman Devin Nunes and ODNI Dan Coats began to confront the unlawful behavior and position the entire Justice Department for a complete generational reset.  This discussion is like the Big Ugly audio book. [ Hi Joe – Great Job! ]

RESOURCES:  – The BIG UGLY

IG Stimulated Releases of Information:

♦Release #1 was the FBI Agent Strzok and Attorney Lisa Page story; and the repercussions from discovering their politically motivated bias in the 2015/2016 Clinton email investigation and 2016/2017 Russian Election investigation.

♦Release #2 outlined the depth of FBI Agent Strzok and FBI Attorney Page’s specific history in the 2016 investigation into Hillary Clinton to include the changing of the wording [“grossly negligent” to “extremely careless”] of the probe outcome delivered by FBI Director James Comey.

♦Release #3 was the information about DOJ Deputy Bruce Ohr being in contact with Fusion GPS at the same time as the FISA application was submitted and granted by the FISA court; which authorized surveillance and wiretapping of candidate Donald Trump; that release also attached Bruce Ohr and Agent Strzok directly to the Steele Dossier.

♦Release #4 was information that Deputy Bruce Ohr’s wife, Nellie Ohr, was an actual contract employee of Fusion GPS, and was hired by F-GPS specifically to work on opposition research against candidate Donald Trump. Both Bruce Ohr and Nellie Ohr are attached to the origin of the Christopher Steele Russian Dossier.

♦Release #5 was the specific communication between FBI Agent Strzok and FBI Attorney Page. The 10,000 text messages that included evidence of them both meeting with Asst. FBI Director Andrew McCabe to discuss the “insurance policy” against candidate Donald Trump in August of 2016.

Intel Committee Ranking Dem Adam Schiff: “Can’t Release Memo Because American People Won’t Understand It”…


Fyi, here’s the spin from the other side of the aisle. The ranking democrat on the House Intelligence Committee, Adam Schiff, explains the reasons why the House intelligence memo should never be released.

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CABRERA: “Let me ask you about the Russia investigation because I can’t have you here and not. Especially given how much we talked about it in the first year of the presidency. And now if you turn on any conservative media, they keep talking about this Nunes memo, the chairman of the House Intelligence Committee, that he’s put out there and many Republicans have taken a look at it and they want it made public. Can you tell us about this memo? What exactly is it?”

SCHIFF: “It is essentially a set of talking points that the Republican Intel staff drafted. Based on the highly classified materials which most of the Republican members were forced to acknowledge they’ve not even read. So they don’t know how distorted these talking points are. But as part of the narrative they want to push out. Interestingly enough, they’ve made common cause, once again, with Russian bots because Russian bots are pushing their narrative out there. It’s in a redux of the campaign. We have Julian Assange and Wikileaks and Russian trolls and bots saying, you know, hashtag whatever the GOP narrative is. That ought to tell you a lot about what’s driving this. And that is —“

CABRERA: “Why not allow people to look at it and let Americans make the decision for themselves about whether it’s useful information or not?”

SCHIFF: “Well, because the American people unfortunately don’t have the underlying materials and therefore they can’t see how distorted and misleading this document is. The Republicans are not saying make the underlying materials available to the public. They just want to make this spin available to the public. I think that spin, which is a fulsome attack on the FBI, is just designed to attack the FBI and Bob Mueller to circle the wagons for the White House. And that’s a terrible disservice to the people, hard working people at the Bureau, but more than that, it’s a disservice to the country.”

CABRERA: “Adam Schiff, congressman, thank you.”

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FBI Mysteriously “Loses” Five Months of Text Messages Between Peter Strzok and Lisa Page…


The Daily Caller journalist Chuck Ross has some extremely interesting information released today surrounding former top FBI Counterintelligence Agent Peter Strzok and DOJ/FBI liaison attorney Lisa Page which includes a disclosure by top FBI officials that text messages between Strzok and Page have gone missing.

Peter Strzok was the head FBI Agent in charge of the ‘Clinton Operation’ (exoneration), and ‘Trump Operation’ (political surveillance).  Strzok reported to the FBI Director of Counterintelligence, Bill Priestap.  Lisa Page was the DOJ attorney assigned to the FBI and key legal aide for FBI Asst. Director Andrew “Andy” McCabe.

According to information relayed to Senator Ron Johnson, the period of time the FBI has “lost” is from December 14th, 2016 to May 17th, 2017, the exact day that Special Counsel Robert Mueller was assigned to lead the Russia collusion probe.

As CTH has previously outlined the same “small group” inside the DOJ and FBI, during the 2015/2016 operation to assist Hillary Clinton and conduct political surveillance upon candidate Donald Trump, were transferred to the Mueller probe by Chief FBI Legal Counsel James Baker.  FBI Director Christopher Wray relieved James Baker of all duties last month.

The attempts by the former high level FBI officials to avoid transparency by “losing” the text messages is a clear sign of consciousness of guilt; and points to the efforts they undertook in 2017 to cover their tracks.

Read the Chuck Ross articles HERE and HERE.

(Via Associated Press) […] In Johnson’s letter to Wray, he asks whether the FBI has any records of communications between Strzok and Page during that five-month window and whether the FBI had searched their non-FBI phones for additional messages. He also asks for the “scope and scale” of any other records from the Clinton investigation that have been lost.

A couple of interesting points to remember here.

♦Less than a week after the July 2017 report of the investigation of James Baker, Attorney General Jeff Sessions and Director of National Intelligence Dan Coats instructed Asst. DOJ AG Rod Rosenstein to create a new special unit inside the FBI and DOJ to target intelligence leaks.

04:30 …”The FBI has created a new counterintelligence unit to manage these [leak] cases”…

08:17 …”these National Security breaches do not just originate from within the Intelligence Community. They come from a wide range of sources within the government, including the Congress.”…

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Two days later, Sunday August 6th, 2017 Deputy Attorney General Rod Rosenstein reiterated he was going to follow through on the investigative demand of AG Sessions and DNI Coats and again referenced a “new counterintelligence division within the FBI”.

00:50 …“we’re responding appropriately. We’re going to devote more resources, re-evaluate our procedures and make sure we investigate every one of those leaks in an appropriate way.”…

1:07 “We have seen a surge in referrals (of leaks). We’ve seen an increase in the number of leaks. And we’re going to respond appropriately and try to establish an effective deterrent. Criminal prosecution isn’t the only way to prevent leaks but it’s an important part of the solution.”…

1:43 “That significant increase has necessitated an increase in resources. And so we have re-prioritized our cases within the National Security Division, we’re providing appropriate supervision at a high level, we’ve created a new unit within the FBI to focus on those leaks, and we’re going to devote whatever resources are necessary to get them under control.”…

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♦All indications are that James Baker was/is part of the FBI/DOJ “small group”, the co-conspirators behind the 2016 plan to assist Hillary Clinton with her email investigation. James Baker was one of the participants in the wording of the highly dubious exoneration script read by FBI Director James Comey:

Following the successful operation to cover for Hillary Clinton in the email investigation. The FBI/DOJ “small group” moved on to create the 2016 FBI counterintelligence operation known as the “Trump Project”.

The “Trump Project” was a thinly veiled political spying operation monitoring and wiretapping candidate Donald Trump with the use of weaponized FBI and DOJ FISA warrants.

March 2016: •NSA discovers FISA surveillance. Compliance Audit begins. April 2016: NSA Mike Rogers Shuts down contractor use of DOJ/FBI intelligence database. •Mary Jacoby, wife of Fusion GPS founder Glenn Simpson, visits the White House. •The Clinton Campaign and DNC hire Fusion GPS to conduct ‘Opposition Research’, with a Russian emphasis. •Fusion GPS hires Nellie Ohr who specializes in Russian-centric counterintelligence. •Nellie Ohr then contacts MI6 agent Christopher Steele to write a Russian Dossier. A month later, May 2016: Nellie Ohr’s husband inside the DOJ, Bruce Ohr, is then working with FBI counterintelligence head Peter Strzok. •The same month Strozk and the “small group” are crafting the exoneration letter. •By June 2016: Peter Strzok, Bruce Ohr and DOJ Attorney Lisa Page then apply for the first FISA warrant. •The first memo from contractor Chris Steele is returned to Fusion GPS. •In July 2016 the official counterintelligence operation “The Trump Project” begins.

The full FISA Court Ruling on the notifications from the NSA is below. And to continue the story we are pulling out a specific section [page 83, pdf] CRITICAL to understanding what was going on:

Pg 83. “FBI gave raw Section 702–acquired information to a private entity that was not a federal agency and whose personnel were not sufficiently supervised by a federal agency for compliance minimization procedures.”

https://www.scribd.com/embeds/349542716/content?start_page=1&view_mode=&access_key=key-72P5FzpI44KMOuOPZrt1

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Please pay close attention to this section, pg 84, [Note the date April 18th]:

In the aftermath of the election they didn’t expect to lose, the “small group” behind the politicized operations shifted their efforts toward creating the Special Counsel Mueller Investigation, many of them remain there today.

James Baker is a key. As a known friend and confidant of both James Comey, Andrew McCabe and Robert Mueller, Baker would have been one of the primary FBI investigative and legal resources used to guide and assist the Special Counsel with who to place on his team. The goal of the “small group” was/is to shield their prior activity from sunlight.

As time has progressed, and the plot details have become evident, it is increasingly clear the entire purpose of creating Special Counsel Robert Mueller’s probe was not to investigate some nefarious Russian election interference; but rather with a Trump victory the same people who weaponized the FBI and DOJ to conduct the “Trump Project” needed control.

The “small group” needed a shield or firewall to protect them from sunlight. The Mueller probe is that shield.

Those who are seeking answers to the most critical questions began running into the officials within the scheme using the Mueller probe as a defensive shield so they do not have to answer investigative questions from congress. This motive is now the primary purpose and benefit of the Mueller probe.

With hindsight it is now clear why the Democrats, the intelligence operatives, and their media allies were so adamant a Special Counsel probe be initiated. They planned to use Mueller’s investigation as a shield all along.

This shifted purpose is why those behind the Obama administration, the “small group” plot, the network of co-conspirators and their allies in the media, demanded the Mueller probe remain untouched.

Sunday Talks – Jason Chaffetz With Maria Bartiromo…


Former congressman Jason Chaffetz (Roosterhead’s brother) appears on Sunday Morning Futures with Maria Bartiromo to discuss the government shutdown, and the release of the House Intelligence Committee memo revealing DOJ/FBI corruption:

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Sara Carter also appeared on Fox News to discuss the same (video below)

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RULE #1 – Never Marry the Trade


COMMENT: Mr. Armstrong; The goldbugs hate you for calling the top and a bear market. To my surprise, I searched Money Week here in London and it came up with an article in 2008 confirming you also called the temporary high in 2008 before the slingshot up into 2011 and were off 4 days on a forecast made 10 years before. They wrote:

“I was asked to follow up on last week’s piece on the subject of the Martin Armstrong March 22nd turn date. It’s too early to say for sure, but it does look like we are enjoying the early stages of a bear market rally with the financials having bottomed on March 17-18, since when we’ve seen about a 10% move up. If this pans out, he was four days out. Given he made the prediction in 1999 or before, I think we can forgive him that. But I’ll keep you updated.”

Just wanted to say, they love you when you agree with them and hate them when you do not. Seems to be fair-weather friends.

REPLY: Well when you let your bias and prejudice dictate your expectations, you are bound to lose. But keep in mind, those that tout gold as pretending analysts are either selling gold or are trying to sell shares in some gold mine. That is a conflict of interest that blinds them intentionally or unwittingly. I do not care if any market goes up or down. The object is to trade it regardless of the direction. I am an old trader. The RULE #1 is never marry the trade. You have to be willing to buy as well as sell.

 

I am writing the gold report now. It will be out soon.

Dollar Manipulation by China & Japan?


The two largest foreign holders of the US debt, China and Japan, reduced their holdings of US government bonds in November compared to October. While many are trying to say see, they are dumping US bonds, China reduced its holdings by 1% or $ 12.6 billion to $ 1,176.6 trillion and Japan reduced its positions by $10 billion to $ 1,084 trillion. I seriously doubt that the foreign US bondholders slightly reducing their holdings in November by 0.1% to $ 6,343 trillion qualifies as “dumping” dollar debt. What is taking place is politically attempting to help lower the dollar to ease trade friction with Trump.

The advice I use to provide to Japan to help reduce the trade friction was to buy gold in New York and sell it in London. The trade numbers could care less about the product actually being exported. It will reduce the trade deficit and make it appear that the US exports are rising. It is just an accounting ploy. Likewise, the booming exports of China were being manipulated by Chinese companies borrowing dollars in Hong Kong and then bringing that money into China and collecting 3 times that cost in interest. Headlines are always made on the numbers without understanding the accounting.

To ease trade friction, China and Japan will try to help push the dollar down to appease Trump. This time, their exports to the USA will decline in real terms between 2018 and 2020 as the world does move more into a recessionary phase marked by tighter consumer spending.

House Intelligence Committee Will Vote To Release FISA Corruption Memo…


According to Representative Dave Joyce (R-OH14) the House Intelligence Committee will hold a vote on the release of the four-page Nunes memo that reveals systemic corruption within the DOJ and FBI; including the unlawful use of FISA-702(16)(17) data searches which were part of an elaborate DOJ-FBI surveillance program on the political campaign of Donald Trump.

Additionally, Chad Pergram reported that Chairman Devin Nunes met with Judiciary Chairman Bob Goodlatte to discuss the best process to release the memo.   There are generally two ways it could be done, the HPSCI vote is the most likely.

As more people have become aware of the back-story to the campaign surveillance, FISA-702 issue, and the unlawful conduct of the FBI and DOJ, there is also a great deal of misinformation.  Few people have followed the entire story as it unfolded and that has led to large numbers of people mistakenly thinking the process for revealing the classified intelligence -at the heart of the issue- can be easily released.

There are also multiple media voices taking advantage of people with limited understanding of the year-long process.  Glenn Greenwald published an article today claiming there were “Four Easy Ways” the Nunes memo could be revealed.  That article by Greenwald is intentional disinformation targeted to cloud the larger issues and create chaos.  A deconstruction of Greenwald’s ridiculous arguments is HERE.

It is essential the process is followed that allows the larger story to come out without providing the use of political cover by those who are intent on hiding the corruption.

Once the House Intelligence Committee votes to declassify the four-page memo, the White House, National Security Adviser (H.R. McMaster) and National Security Council will have five days to review the content.  The White House will likely have a brief review by the NSC and the Office of Legal Counsel of the content, and then issue approval for the release.

There are poorly informed voices who claim President Trump can arbitrarily declassify the Nunes memo.  That is false.  The White House (the executive branch) does not own the document.  The Nunes memo is owned by the Legislative Branch, and specifically by the House Intelligence Committee.  The Executive Branch can request the memo, but they cannot demand it without following a process.  Therefore, without submission, the executive branch cannot declassify it.  There is an inherent constitutional separation of power.

Secondly, while it might seem like a good idea for President Trump to declassify the Nunes memo, if given by the Intel Committee, it would not be prudent to do so.  Within this classified document Donald Trump is the subject of adverse action outlined therein.

The President was the target of the unlawful action by the DOJ and FBI as reportedly outlined within the Nunes memo.  Because the memo contains details of FBI and DOJ surveillance, Donald Trump (now POTUS) is both the victim and the head of law enforcement in charge of investigation the illegal action that created the victim.

In addition to being both the victim and charged with the legal authority over the FBI and DOJ, there are downstream ramifications due to Special Counsel Robert Mueller investigating President Trump for “Obstruction of Justice”.

White House lawyer Don McGahn would clearly instruct Trump (victim) to stay the hell away from this investigation. There is an inherent conflict.   Any exceptional action taken by POTUS could be construed as interference, including violations of the separation of powers.

Therefore the best route as constructed by Nunes and Goodlatte would be for the House to vote to declassify, pass on to the Executive for review, then President Trump grants approval for the request of the House (legislative branch).

By law, all attempts by the legislative branch to declassify intelligence information must be given to the executive branch for review in advance of release.  This is because the executive branch needs to see if any current intelligence operations might be compromised by information not known to the legislative branch.

The National Security Council and any impacted offices of the intelligence information (CIA, NSA, FBI, DOJ, U.S. DoS, DOD, etc.) review, provide opinion, and sign off prior to executive approval and release.

It is not just this declassification that goes through this process, all declassification goes through this process.   In this example, presumably, the President has no adverse reason to block the declassification request and it is likely all approvals will happen quite quickly.

After the White House approves of the HPSCI request, the Memo then becomes public.

That’s when Democrats will attack the memo as being authored and misrepresented by Chairman Devin Nunes.  This is the politics.

If/when this happens (highly likely it will), Chairman Nunes will then request the entire House of Representatives be given the opportunity to see the underlying FISA documentation that led to the summary.

The underlying FISA documentation likely includes the DOJ/FBI FISA application as presented to the FISA court; again, likely to include the “Clinton/Steele Dossier”.

Additionally, the FISA-702 raw data will include the FBI “searches” on Trump officials that led to the upstream collection of information and the subsequent “unmasking” of Trump officials.

Releasing the underlying FISA documentation -that proves the Nunes FISA memo- will likely follow a similar path as the Nunes memo itself.  Again, this is a process, and within each of these processes there are revelations as to the scope of the corruption and conspiracy.

And this is just Devin Nunes.

Behind Nunes the Senate Judiciary Committee, Chuck Grassley, is investigating the Steele Dossier and the FBI use therein.  Also there’s the House Judiciary Committee, Bob Goodlatte, focused on the DOJ corruption.  Nunes, Grassley and Goodlatte are bolstered by Inspector General Michael Horowitz who is providing the year-long investigation evidence into politicization of the DOJ and FBI.

The entire enterprise of exposing the corruption and conspiracy has just begun.

CTH readers are well ahead of the entire storyline; however, for the rest of America -including a massive part the voting electorate- they have no idea what’s coming.

Devin Nunes is just the beginning.  Batting Order:

  • First-up:  Devin Nunes (Chairman Intel Committee, Full I/C Oversight)
  • Second:  Chuck Grassley (Chairman Senate Judiciary – DOJ/FBI Oversight)
  • Third: Bob Goodlatte (Chairman House Judiciary – DOJ Oversight)
  • Clean-up:  Michael Horowitz (DOJ Inspector General)

•House Intelligence Chairman Devin Nunes is focused on the FISA abuse; and overall abuse from the larger intelligence community (FBI, CIA, ODNI and NSA). The FISA-702 angle is his leverage to reveal it.

•Senate Judiciary Chairman Chuck Grassley is focused on the Dossier fraud; and the overall DOJ and FBI corruption. The Steele Dossier is his leverage to reveal it.

Senate Judiciary Chairman Chuck Grassley completely predicted that “hoodwinked by the Russians” would be the fall-back position by Clinton and the FBI/DOJ insider team as it relates to their connection to the dossier content.

Accordingly, Senator Grassley and Senator Lindsey Graham sent the FBI a referral for criminal prosecution of Christopher Steele based on statements from FBI agents who attributed statements to Steele; those second-hand accounts conflict with known evidence about the dossier content. –SEE HERE– Grassley is calling the FBI’s bluff and demanding they investigate the horrible British fibber while knowing the fibber isn’t Steele – it’s the FBI.

•House Judiciary Chairman Bob Goodlatte is focused on the FBI and DOJ corruption; and his leverage is the Office of Inspector General, Michael Horowitz, and the year-long IG investigation that just began turning over 1.2 million pages of investigative documents.

Remember, this entire process didn’t begin with the Nunes memo, it began back in March and April of 2017 when Chairman Nunes discovered the unlawful unmasking and FISA surveillance activity; and the seeds of that discovery go back to March 2016 when National Security Agency Director Admiral Mike Rogers noticed the unlawful FISA-702(16)(17) searches.

In March 2017 Devin Nunes was stuck in a legal conundrum due to the classified nature of the information and the fact that declassification by the DOJ was adverse to their interests.  The DOJ was the entity carrying out the prior unlawful action contained within the classified evidence viewed by Devin Nunes.

A plan was developed.

In April and May 2017 Director of National Intelligence Dan Coats, and NSA Director Admiral Rogers, began assembling a pathway for Devin Nunes to climb out of that intelligence box.   ODNI Dan Coats declassified the FISA Court opinion, and that opened the door for Horowitz, Grassley, Goodlatte and Nunes to question the content therein that circled the unlawful action of the DOJ and FBI.

Where we are today is a step in the investigative process that is an outcome of months of work by Coats, Rogers and Horowitz to extract Chairman Devin Nunes and bring all prior DOJ and FBI corruption to the surface.

RESOURCES:  – The BIG UGLY

IG Stimulated Releases of Information:

♦Release #1 was the FBI Agent Strzok and Attorney Lisa Page story; and the repercussions from discovering their politically motivated bias in the 2015/2016 Clinton email investigation and 2016/2017 Russian Election investigation.

♦Release #2 outlined the depth of FBI Agent Strzok and FBI Attorney Page’s specific history in the 2016 investigation into Hillary Clinton to include the changing of the wording [“grossly negligent” to “extremely careless”] of the probe outcome delivered by FBI Director James Comey.

♦Release #3 was the information about DOJ Deputy Bruce Ohr being in contact with Fusion GPS at the same time as the FISA application was submitted and granted by the FISA court; which authorized surveillance and wiretapping of candidate Donald Trump; that release also attached Bruce Ohr and Agent Strzok directly to the Steele Dossier.

♦Release #4 was information that Deputy Bruce Ohr’s wife, Nellie Ohr, was an actual contract employee of Fusion GPS, and was hired by F-GPS specifically to work on opposition research against candidate Donald Trump. Both Bruce Ohr and Nellie Ohr are attached to the origin of the Christopher Steele Russian Dossier.

♦Release #5 was the specific communication between FBI Agent Strzok and FBI Attorney Page. The 10,000 text messages that included evidence of them both meeting with Asst. FBI Director Andrew McCabe to discuss the “insurance policy” against candidate Donald Trump in August of 2016.