Operation Condor – How NSA Director Mike Rogers Saved The U.S. From a Massive Constitutional Crisis…


This outline is the stunning backstory to how the FBI Counterintelligence Division and DOJ National Security Division were weaponized.  This outline is the full story of what House Intelligence Chairman Devin Nunes is currently working to expose.  This outline exposes the biggest political scandal in U.S. history.  This outline is also the story of how one man’s action likely saved our constitutional republic.

His name is Admiral Mike Rogers.

I’m calling the back-story to the 2016 FISA 702(16)(17) political corruption by the Obama administration “Operation Condor”.  Those of you familiar with the film “Three Days of The Condor” will note how the real life storyline almost mirrors the Hollywood film. For the real life version, NSA Director Admiral Mike Rogers plays the role of “Condor”.

“SCIF” – a Sensitive Compartmented Information Facility. To understand the larger FISA 702(16)(17) issues in 2016 it is important to focus on the word “compartmented”.

Intelligence information is housed by compartments. Each intelligence unit holds intelligence unique to that compartment. The FBI Counter-Intelligence Unit would hold the intelligence information specific to their task or assignment; the DOJ National Security Division would hold their own compartmented intelligence; again, specific to their task and objectives. So too would the DOJ, DoD (Pentagon), State Dept., or CIA.

This compartmented structure is what led to the creation of the Office of the Director of National Intelligence, ODNI. The 911 commission recommended the office to serve as a hub able to ensure intelligence sharing; that is – to ensure intelligence was not intentionally withheld from other compartments when needed.

In 2016 the ODNI for President Obama was James Clapper.

It is doubtful the 911 commission ever gave thought to what might happen when intelligence is weaponized as a political tool. The DNI is a political appointment, a cabinet member, of the President.  If the executive branch, the President, wanted to weaponize intelligence as a political tool, he/she would have control over such weaponization as an outcome of their political appointees within the: FBI (Comey, McCabe), DOJ (Lynch/Yates), CIA (Brennan), DNI (Clapper), or DoD (Ash Carter), etc.

The civilian (representative) oversight into the compartmented intelligence falls to a very select group known as the Intelligence Gang of Eight.

Four Democrats and Four Republicans (four minority party and four majority party political leaders) for a total of eight. Four from the House and Four from the Senate. –Understand the Gang of Eight Here– The Gang-of-Eight can, if they choose, interact with the intelligence product with the same level of security clearance as the compartment being reviewed.

Only these eight members can interact with the intelligence product in this way. This ensures their ability to conduct oversight.

It is critical to understand the difference between the House Intelligence Committee, the Senate Intelligence Committee and the Gang of Eight. Only two members from the House Intelligence Committee (chair and minority), and two members of the Senate Intelligence Committee (chair and vice-chair) are participants. The other four are Speaker of the House, minority leader of House, Leader of Senate and Minority leader of Senate. The latter four are not part of any other intel committee.

On March 20th 2017 congressional testimony, James Comey was asked why the FBI Director did not inform congressional oversight about the counterintelligence operation that began in July 2016.

FBI Director Comey said he did not tell congressional oversight he was investigating presidential candidate Donald Trump because the Director of Counterintelligence suggested he not do so. *Very important detail.*

I cannot emphasize this enough. *VERY* important detail. Again, notice how Comey doesn’t use FBI Counterintelligence Director WH “Bill” Priestap’s actual name, but refers to his position and title. Again, watch the first three minutes:

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FBI Director James Comey was caught entirely off guard by that first three minutes of that questioning. He simply didn’t anticipate it.

Oversight protocol requires the FBI Director to tell the congressional intelligence “Gang of Eight” of any counterintelligence operations. The Go8 has oversight into these ops at the highest level of classification. In July 2016 the time the operation began, oversight was the responsibility of this group, the Gang of Eight:

Obviously, based on what we have learned since March 2017, and what has surfaced recently, we can all see why the FBI would want to keep it hidden that they were running a counterintelligence operation against a presidential candidate. After all, as FBI Agent Peter Strzok said it in his text messages, it was an “insurance policy”.

REMINDER – FBI Agent Strzok to FBI Attorney Page:

“I want to believe the path you threw out for consideration in Andy’s office that there’s no way he gets elected – but I’m afraid we can’t take that risk. It’s like an insurance policy in the unlikely event you die before you’re 40.”

FBI Director James Comey told congress on March 20th, 2017, the reason he didn’t inform the statutory oversight “Gang of Eight” was because Bill Priestap (Director of Counterintelligence) recommended he didn’t do it.

The originating intelligence agency agency, in these examples the DOJ National Security Division and/or FBI Counterintelligence Division, holds the proprietary intelligence they create in their SCIF.  They may also receive intelligence products created for them, which they will also host in their unique SCIF. Thus, intelligence is compartmentalized.

In 2015 Sally Yates blocked any inspector general oversight of the DOJ National Security Division (SEE Pdf HERE).  The Office of Inspector General. Michael Horowitz, requested oversight over the DOJ National Security Division and it was Sally Yates who responded with a lengthy 58-page legal explanation saying, essentially, ‘nope – not allowed.’ (PDF HERE) All of the DOJ is subject to oversight, except the NSD.

The White House -the executive branch- is also a host of intelligence information and consequently the White House has their own SCIF which holds intelligence products they would create (very little), or intelligence products created for them (the vast majority).

An example of a product created for the executive branch would be the President’s Daily Briefing (PDB).

The PDB as a whole product would only exist in the White House SCIF. Parts of the PDB would be hosted by the originating participant, ex. NSA, FBI, DOJ, DoD, CIA State Dept. etc., but only the White House would have the fully assembled product. After all, it’s assembled for the President.

Putting the “Oversight” structure together with the “Compartmented” intelligence security you will note that only a few people ‘could’ traditionally access the full PDB.  However, under President Obama the President’s Daily Brief went to almost everyone at top levels in his administration.  Regarding the Obama PDB:

[…]  But while through most of its history the document has been marked “For the President’s Eyes Only,” the PDB has never gone to the president alone. The most restricted dissemination was in the early 1970s, when the book went only to President Richard Nixon and Henry Kissinger, who was dual-hatted as national security adviser and secretary of state.

In other administrations, the circle of readers has also included the vice president, the secretary of defense and the chairman of the Joint Chiefs of Staff, along with additional White House staffers.

By 2013, Obama’s PDB was making its way to more than 30 recipients, including the president’s top strategic communications aide and speechwriter, and deputy secretaries of national security departments. (link)

Pay attention to that last part.  According to the Washington Post outline Obama’s PDB’s were going to more than 30 recipients including: “Deputy Secretaries of national security departments”.

During an MSNBC interview about her unmasking U.S. citizens within intelligence reports, in April 2017, President Obama’s National Security Adviser, Susan Rice, defined the Obama national security departments to include: “State” – “Defense” (Pentagon includes NSA) and “CIA”….

So under President Obama’s watch Deputy Asst. Secretaries of Defense had daily access to the PDB.  An example of an Obama Deputy Asst. Secretary of Defense, Evelyn Farkas.

With dozens of people having access to President Obama’s PDB, Rice’s unmasking of names within the intelligence product gave dozens of people direct access to unmasked intelligence – including Obama officials who could, likely did, use the PDB for specific and intentional political purposes.  This political outcome was essentially confirmed by Evelyn Farkas who was one of the downstream recipients of the unmasked intelligence.

If the House Intelligence Committee, or Senate Intelligence Committee, as a whole – wanted to see the President’s Daily Briefing, they would have to request the individual components from the individual intelligence agencies because the PDB product was not created for them; it was created for the Office of The President.

Only the Chairman and Minority leader from each Intel committee could go to the White House to see the PDB end product. [Remember, they alone are four of the Gang-of-Eight.]

This is why Devin Nunes, who is a Go8 member, has to request the intelligence from each department (NSA, DOJ, FBI etc.) in order to share it with the oversight committee. Nunes can review the ‘executive SCIF product’ but cannot export or import intelligence product he did not create.

The Congressional SCIF would then hold the compartmented information after delivery for the committee members to review under very tight controls. The intelligence is removed/deleted after review. No systems are connected.

Our research indicates that in February and March 2017 Chairman Devin Nunes, a gang of eight member, reviewed intelligence reports (most likely PDB’s) that were assembled exclusively for the office of the former President (Obama). That is why he went to the Eisenhower Executive Office Building (EEOB) Information Facility to review.

The intelligence product would be delivered to that SCIF system for his review, most likely by the ODNI (Dan Coats) or NSA (Mike Rogers).   It would be removed from that SCIF system after Nunes review, (no systems are connected).  It is important to note here that President Trump nominated Senator Dan Coats as ODNI on January 5th, 2017 – however, Democrats held up that nomination until March 16th, 2017.

It is not coincidental that immediately following DNI Dan Coat’s ability to provide that information Chairman Devin Nunes first reported his concerns. After Devin Nunes review the information March 22nd 2017, Nunes stated the intelligence product he reviewed was “not related to Russia, or the FBI Russian counter-intelligence investigation”.

House Intelligence Committee Chairman, Devin Nunes, then held a brief press conference  and stated he has been provided intelligence reports brought to him by unnamed sources that include ‘significant information’ about President-Elect Trump and his transition team.

WATCH:

1.) …”On numerous occasions the [Obama] intelligence community incidentally collected information about U.S. citizens involved in the Trump transition.”

2.)  “Details about U.S. persons associated with the incoming administration; details with little or no apparent foreign intelligence value were widely disseminated in intelligence community reporting.”

3.) “Third, I have confirmed that additional names of Trump transition members were unmasked.”

4.) “Fourth and finally, I want to be clear; none of this surveillance was related to Russia, or the investigation of Russian activities.

“The House Intelligence Committee will thoroughly investigate surveillance and its subsequent dissemination, to determine a few things here that I want to read off:”

•“Who was aware of it?”

•“Why it was not disclosed to congress?”

•“Who requested and authorized the additional unmasking?”

•“Whether anyone directed the intelligence community to focus on Trump associates?”

•“And whether any laws, regulations or procedures were violated?”

“I have asked the Directors of the FBI, NSA and CIA to expeditiously comply with my March 15th (2017) letter -that you all received a couple of weeks ago- and to provide a full account of these surveillance activities.”

Again, this is why the intelligence reports seem likely to have been political opposition research -that was part of Obama’s PDB– unless it was a separate intelligence product, apart from the PDB, which was created for the Office of the President.  [I view the latter as highly doubtful because it would be too risky for the President to be asking for specific ‘stand alone’ intelligence against political adversaries, ie candidate Donald Trump.]

…Here’s where all the dots connect:

Fast forward to 2018 – Aside from the larger Russian conspiracy narrative, up to now the controversial media story has been around the origin of the 2016 FISA warrant(s).

As previously stated by all reporting there was a June 2016 FISA application that was denied, and an October 2016 application that was approved.  The current line of congressional inquiry surrounds the underlying content of the requested FISA warrant, and whether it was built upon fraud and manipulated content (the ‘Steele Dossier’) presented to the FISA Court (FISC).

Recently the media have been working frantically, against an entire year of prior support for the Steele Dossier, to distance the origin of the FBI counterintelligence operation from the dossier.   The reason why reveals the bigger underlying story.

When Intelligence Chairman Devin Nunes explained his concern in March 2017 about what he saw from a review of 2016 intelligence gathering, reporting and subsequent unmasking, the issue behind his concern was clouded in mystery. Indeed the larger headlines at the time were about demanding a special prosecutor and driving the Russia conspiracy narrative.

In hindsight, and with information from our assembled timelines of 2016 though today, we can now revisit that concern expressed by Chairman Nunes with a great deal more perspective and information. Understanding the latest information will help us all understand the totality of Nunes original frame of reference.

As many of you are aware, immediately following the 2016 presidential election NSA Director Admiral Mike Rogers traveled to Trump Tower to meet with president-elect Donald Trump. The day AFTER the Rogers visit, President-elect Trump moved his transition team out of Trump Tower to Bedminister New Jersey.

We always suspected NSA Director Rogers gave President-elect Trump a head’s up of sorts.

Later, during the December 2016 and Jan, Feb, March, April 2017 Russian Conspiracy frenzy, when the entire intelligence community seemed to be collectively leaking against Trump’s interests, those suspicions gained even greater likelihood. However, what we learned in 2017 about the activity in 2016 almost guarantees that was exactly what happened. That back-story also ties into both the FISA issue and the Devin Nunes concern.

Admiral Mike Rogers became NSA director in April 2014.

Sometime in early 2016 Admiral Rogers became aware of “ongoing” and “intentional” violations of Foreign Intelligence Surveillance Act (FISA), Section 702 surveillance. Specifically item #17 which includes the unauthorized upstream data collection of U.S. individuals within NSA surveillance.

Section 702 – Item #17 “About Queries” is specifically the collection of emails, and phone call surveillance of U.S. persons.

The public doesn’t discover this issue, and NSA Director Rogers action, until May 2017 when we learn that Rogers told the FISA court he became aware of unlawful surveillance and collection of U.S. persons. Put into context, with the full back-story, it appears that 2016 surveillance was the political surveillance now in the headlines; the stuff Chairman Nunes is currently questioning.

The dates here are important as they tell a story.

As a result of Rogers suspecting [FISA 702 (#17 – email and phone calls)] surveillance activity was being used for reasons he deemed unlawful, in mid 2016 Rogers ordered the NSA compliance officer to run a full audit on 702 NSA compliance.

Again, 702 is basically spying on Americans; the actual “spying” part is 702. Item 17 is “About Queries“, which allows queries or searches of content of email and phone conversations based on any subject matter put into the search field.

The NSA compliance officer identified several strange 702 “About Queries” that were being conducted. These were violations of the fourth amendment (search and seizure), ie. unlawful surveillance and gathering. Admiral Rogers was briefed by the compliance officer on October 20th, 2016.

Admiral Mike Rogers ordered the “About Query” activity to stop, reported the activity to the DOJ, and then went to the FISA court.

On October 26th, 2016, full FISC assembly, NSA Director Rogers personally informed the court of the 702(17) violations. Additionally, Rogers also stopped “About Query” permanently.

[Things to note: ♦Note the sequencing; ♦note that Rogers a career military person, followed the chain of command; ♦note the dates as they align with the Trump FISA application from the FBI and DOJ-NSD, (ie. early October 2016); ♦and note amid this sequence/time-line the head of DOJ-National Security Divsion, John P Carlin resigns.]

IMPORTANT – WATCH The first two and a half minutes of this video:

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The DOJ National Security Division set Admiral Mike Rogers up to take the fall for their unlawful conduct. They preempted Rogers by filing a notification with the FISA Court on 26th September 2016 (look at the pdf). DOJ-NSD head John P Carlin was setting up Rogers as the scapegoat while knowing the NSA FISA compliance officer was still reviewing their conduct. Carlin wouldn’t notify the court unless he was trying to cover something. Carlin then announced his resignation. The NSA compliance officer did not brief Admiral Rogers until 20th Oct 2016. Admiral Rogers notified the FISC on 26th Oct 2016.

October 2016 is a very important month:

♦DOJ Deputy Attorney Bruce Ohr was “demoted” in the summer of 2017 after the Inspector General discovered unreported 2016 contacts between Ohr and Russian Dossier author Christopher Steele, as well as contact with Fusion GPS founder Glenn Simpson, in October 2016.

♦Also in October 2016 the DOJ lawyers formatted the FBI information (Steele Dossier etc.) for the Trump FISA application; the head of the NSD, Asst. Attorney General John P Carlin, left his job. It would have specifically been John Carlin’s responsibility to ensure a valid legal basis for the FISA application submitted to the Foreign Intelligence Surveillance Court (FISC).

In October 2016 the NSA compliance officer completes a review and briefs Rogers of FISA(17) violations, email collection and phone surveillance. Rogers informs FISC – [FISA Court Ruling Link]

Now Look At ThisOctober 2016: On Friday November 18th, 2016, The Washington Post reported on a recommendation in “October” that Mike Rogers be removed from his NSA position:

The heads of the Pentagon and the nation’s intelligence community have recommended to President Obama that the director of the National Security Agency, Adm. Michael S. Rogers, be removed.

The recommendation, delivered to the White House last month, was made by Defense Secretary Ashton B. Carter and Director of National Intelligence James R. Clapper Jr., according to several U.S. officials familiar with the matter.

[…] In a move apparently unprecedented for a military officer, Rogers, without notifying superiors, traveled to New York to meet with Trump on Thursday at Trump Tower. That caused consternation at senior levels of the administration, according to the officials, who spoke on the condition of anonymity to discuss internal personnel matters. (link)

clapper-comey-rogers-brennan-1

Important reminder. Remember, in 2015 Sally Yates blocked any inspector general oversight of the DOJ National Security Division (SEE Pdf HERE). The OIG, Michael Horowitz, requested oversight and it was Sally Yates who responded with a lengthy 58-page legal explanation saying, essentially, ‘nope – not allowed.’ (PDF HERE) All of the DOJ is subject to oversight, except the NSD.

There’s a pretty clear picture here.

Obama’s political operatives within the DOJ-NSD were using FISA 702(17) surveillance “about inquiries” that would deliver email and phone communication for U.S. people (Trump campaign). The NSD unit was working in coordination with the FBI Counterintelligence Unit (Peter Strzok etc.).  In an effort to stop the activity NSA Director Mike Rogers initiated a full 702 compliance review.  However, before the review was complete the DOJ-NSD had enough information for their unlawful FISA warrant which worked retroactively to make the prior FBI surveillance (began in July ’16 per James Comey) lawful. Rogers stopped the process on October 26th 2016. As a result of his not going along, Rogers became a risk; Clapper demanded he be fired.

Ten days after the election, November 17th 2016, Admiral Rogers travels to Trump Tower without telling ODNI James Clapper. Rogers likely informs President-elect Trump of the prior activity by the FBI and DOJ, including the probability that all of Trump Tower’s email and phone communication was being collected.

On November 17th, 2016, NSA Director Admiral Mike Rogers went to see President-Elect Donald Trump in Trump Tower, New York.  –SEE HERE–  Director Rogers never told his boss DNI, James Clapper.

On November 18th, 2016, the Trump Transition Team announced they were moving all transition activity to Trump National Golf Club in Bedminster, New Jersey. –SEE HERE– Where they interviewed and discussed the most sensitive positions to fill.  Defense, State, CIA, ODNI.

The transition team was set up in Trump Tower. The very next day, November 18th 2016, Trump moves the entire transition team to Bedminister New Jersey?

Does this make more sense now?

It would appear Obama’s Director of National Intelligence, James Clapper, is up to his eyeballs in this; though he denies participating. The FBI counterintelligence unit was monitoring Trump through FISA 702(17) upstream surveillance collected by a DOJ National Security Division that had no oversight.

The information the FBI collected, and the stuff Fusion GPS was creating via Christopher Steele, was used to create the Russian Narrative and also to manipulate the FISC into giving them a FISA warrant. ie. “The Insurance Policy”.

Ultimately, the people within all of these intercepts is what Devin Nunes discovered when he looked at the “unmasking requests” which were a result of those FISA 702(17) collections on Team Trump. That’s why Devin Nunes was so stunned at what he saw in February and March 2017.

This is why Chairman Devin Nunes is currently gathering evidence.

 

One Bluff Called: Senators Graham and Grassley Send Criminal Referral To DOJ…


Yup, the walls are closing in.

In a brilliant move of strategery, Senate Judiciary Chairman, Chuck Grassley, and Senate Judiciary member, Lindsey Graham, send a criminal referral of Christopher Steele to the DOJ for investigation.   But things are not what they seem…

Today Senators Grassley and Graham sent a letter of criminal referral to the Department of Justice, based on information -provided by the FBI- their investigation has uncovered.

However, the actual motive for the criminal referral is not exactly what it appears.

Highlighting two pertinent passages (emphasis mine) from the New York Times article will explain what’s really going on:

[…] Senator Charles E. Grassley of Iowa, chairman of the Judiciary Committee, and Senator Lindsey Graham of South Carolina, a senior committee member, told the Justice Department they had reason to believe that a former British spy, Christopher Steele, lied to federal authorities about his contacts with reporters regarding information in the dossier, and they urged the department to investigate. The committee is running one of three congressional investigations into Russian election meddling, and its inquiry has come to focus, in part, on Mr. Steele’s explosive dossier that purported to detail Russia’s interference and the Trump campaign’s complicity.

[…] The criminal referral appears to make no assessment of the veracity of the dossier’s contents, much of which remains unsubstantiated nearly a year after it became public.

[…]  Mr. Grassley’s decision to recommend criminal charges appeared likely to be based on reports of Mr. Steele’s meetings with the F.B.I., which were provided to the committee by the Justice Department in recent weeks.

It was not clear why, if a crime is apparent in the F.B.I. reports that were reviewed by the Judiciary Committee, the Justice Department had not moved to charge Mr. Steele already.

The circumstances under which Mr. Steele is alleged to have lied were unclear, as much of the referral was classified.  (full article)

Can you see what is really going on here?

The criminal referral is based on FBI reports of meetings the FBI has given to the Senate Judiciary Committee about the FBI meetings with Christopher Steele.

Within those FBI reports (presented to the committee) are conflicting statements and accounts that do not align with known evidence.

The FBI is attributing claims to the meetings with Christopher Steele that do not match known evidence about the Steele Dossier and use therein.

Remember what Senator Graham said recently about his review of the evidence surrounding the Steele Dossier and how it was used, by the FBI in gaining the FISA warrant?  –Refresh Memory Here

What Grassley and Graham are now doing is forcing the DOJ to reconcile the conflicts between the FBI presentations to the judiciary committee -about the origin of, and their use of, the Steele Dossier-  against known evidence.

Someone is lying.

Graham and Grassley know the motive to lie about the Steele Dossier does not necessarily belong to Christopher Steele.  The motive is within the corrupt FBI.

In order to accurately prove ownership of the the falsehoods Grassley and Graham are saying: ‘If what the FBI says is true then Chris Steele is lying, because the evidence doesn’t support what the FBI previously said to us, and attributed to Christopher Steele’…

Grassley and Graham are calling the bluff of the FBI.

“Based on the information contained therein, we are respectfully referring Mr. Steele to you for investigation of potential violations of 18 U.S.C. § 1001, for statements the Committee has reason to believe Mr. Steele made regarding his distribution of information contained.”  (link)

The “information contained therein” is the FBI presentation of statements and evidence the FBI is attributing to Christopher Steele.

By referring a criminal complaint to the DOJ the Senators are, in essence, forcing the DOJ to outline that material presentations by the FBI, to the committee, were false…. OR, that Christopher Steele is lying.  The former is likely, the latter not-so-much.

Additionally, by asking Rod Rosenstein (DOJ) and Christopher Wray (FBI) to investigate the conflicting evidence and FBI statements Grassley and Graham are also providing political cover for Rosenstein and Wray to showcase the corruption within both the DOJ and the FBI.

Strategery.

The walls are closing in.

Walls Close In Around DOJ and FBI “Small Group” Participants…


Several stories broke yesterday:

♦Senator Ron Johnson gains copies of the manipulated/edited FBI small group “talking points” that exonerated Hillary Clinton despite overwhelming evidence.  Johnson is a Senate Judiciary Committee member and remains focused on those specifics.

♦Senator Chuck Grassley has identified that former FBI Director James Comey leaked classified FBI information to the media to gain political leverage.  Additional questions are now raised by the Senate Judiciary Chairman.

♦The FBI has begun a new review of the Clinton Foundation pay-to-play network during Hillary Clinton’s tenure at the State Dept.  Investigators are questioning the people within the Clinton foundation about actions taken as a result of donations to the foundation.

♦A federal judge has ruled that Fusion GPS must turn over it’s bank records to the House Intelligence Committee.  Including records of financial payments to journalists and media outlets to push the Christopher Steele “Dossier” story.

♦House Intelligence Committee Chairman Devin Nunes will be receiving all remaining DOJ documents, without redaction, that pertain to the 2016 DOJ/FBI FISA court application.  In addition eight key members of the FBI “small group” will be questioned by the committee.

♦The Dept. of Justice it reopening the investigation into Hillary Clinton’s email use; and how both Clinton and her aide Huma Abedin used, shared and stored classified documents on their personal servers and devices.

♦Paul Manafort sues Special Counsel Robert Mueller and his probe due to a claim of overreach and operating outside the scope of his legal authority from congress.

Additionally, the DOJ Office of Inspector General, Michael Horowitz, is anticipated to deliver 1.2 million documents, from a year-long investigation into the FBI/DOJ, to House Judiciary Chairman Bob Goodlatte on January 15th.

It is easy to get stuck in the weeds on any individual storyline within the larger network of ongoing investigations.  However, the bigger picture is found in the commonality all of these investigations hold.

The single thread that binds all of these stories together is the political use of the FBI and DOJ by former and current officials within each department….

In addition to the FBI and DOJ leadership, a small group of around 20 people participated in the weaponization of the FBI Counterintelligence Unit, the DOJ National Security Division, and later the Robert Mueller Special Counsel investigation.  All of the investigative headlines surround the former political use of the FBI and DOJ.

Chairman Devin Nunes (Intelligence Committee), is looking specifically at the unlawful use of federal intelligence agencies for political purposes; including domestic spying operations on political opponents, and the unlawful use of FISA 702(16)(17) captures by operators within all divisions of the intelligence community.

Chairman Bob Goodlatte (House Judiciary Committee), and Chairman Chuck Grassley (Senate Judicial Committee), both have oversight over the FBI and DOJ.  They are looking at the overall political activity of the DOJ and FBI.

On January 1st I expressed optimism because I can see how this methodical investigative approach makes the most sense.  There is a clear plan, a coordinated plan, visible within the sequencing.  The current headlines solidify that perspective.

As Devin Nunes gets specific information from the DOJ and FBI for his overall intelligence investigation, Goodlatte and Grassley continue gathering their information. Directly related to the release of documents to Chairman Nunes, I would advise everyone to remember the ongoing leak investigations and the sting operations as previously cited.

In the coming ten days do not be surprised to see numerous leaks to the Washington Post, New York Times or CNN that are the outcome of those continuing operations.  Look for a pattern within the leaks.  It would not be surprising to see variations (fake news/real leaks) of the same documents used as tracers.  All of the inbound information to congress only increases the likelihood of leaks.  However, we are also in the phase where the congressional leakers will have to wonder if they are a target.

Sometime this month, after the initial Inspector General Michael Horowitz release (Jan 15th), House Judiciary Chair Bob Goodlatte and Senate Judiciary Chair Chuck Grassley will likely call for a Special Counsel to investigate the upper-level management of the FBI and DOJ, all divisions.

We should support that approach. The SC can quickly put a Grand Jury together and start presenting the IG investigative evidence from Horowitz, as well as enforceable subpoenas for witnesses.

 

At What Point do we reach Euphoria in the Equity Markets?


QUESTION:

Marty,

John Templeton has said “Bull markets are born in pessimism, grow on skepticism, mature on optimism and die on euphoria. The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.” “If you want to have a better performance than the crowd, you must do things differently from the crowd.”

My question is…….. at what point do we reach euphoria in the equity markets?

ANSWER: Our Energy Models are designed to ascertain that dimension of a market. Naturally, everyone responds to whatever the last event is in recent memory. Therefore, the 2007-2009 Crash lives on in their experience so that means they will be skeptical of new highs. We have witnessed that with analysts constantly calling for every new high would be the last. They keep trying to forecast the last event because they missed that one as well.

The only way to approach this is from a quantitative viewpoint. Human opinion will inevitably be wrong no matter who it is. How the market responds to our Energy Models is critical for long-term forecasting. Look at the chart for 1929. Here you see that there is a huge spike in energy which peaked in February 1929. The market rallied to new highs but note that the Energy Models we not making new highs. This peak BEFORE the major high confirmed a very serious undermining of the market structure warning that this type of high was a Bubble and therefore would not be exceeded for decades.

Now compare this to the Energy Models for the 2007 high. We do not have aBUBBLE formation at all and the high came on the reaction high following the major high for the move. This confirmed this was by no means a BUBBLE and in fact new record highs would be make once again.

Let’s turn to the DOT.COM BUBBLE. The first thing you will notice is that the Energy was clearly in a BUBBLE formation. The slight difference here is that the Energy Model peaked the week after the high rather than before. This confirmed that it was not going to be a 1929 type event and the new record highs would be made which indeed unfolded in April 2015 which was 61 quarters intraday and 66 quarters to close above the 2000 high on a quarterly basis.

Here is gold for the 1980 BUBBLE. Once again you see the extreme BUBBLE formation and here the peak took place with the peak in gold. So while we are not looking at the same type of formation with the peak unfolding in advance of the high as in 1929, this reflected that gold would eventually make new record highs within a mid-term perspective. Unquestionable, it took 19 years for gold to decline before the major low was established. Gold finally exceeded the 1980 high during the crisis of 2008.
Now, let us look at the current situation. Again we do not have a major BUBBLE formation. What we do have is a market that is still expanding and in fact, the high on our Energy Models on the weekly level took place last week. This implies we would still press higher into January and that has been out target once you exceeded the November high.
We are by no means in a 1929 BUBBLE type of formation. Here is the view of the 1987 Crash. Like Gold, the peak came 1 week following the high. Yet we see escalating advances in Energy leading into the 1987 high. So far, we lack that type of pattern warning that the real advance in our Energy Models is yet to come.
Therefore, the answer to your question is rather simple. It is always a matter of TIME rather than price. As markets rally, human interpretation of price will always be wrong. NOBODY is going to call this final high from a human perspective and anyone who claims that will be a fraud. It is not a matter of opinion for we can personally only forecast what we think is possible, to begin with.

Is BREXIT in Trouble? Can Britain Survive Past 2042-2044?



The REMAIN crowd is doing everything possible to surrender the sovereignty, dignity, and future of Britain. The left is taking hold in Britain calling anyone who wants to leave the EU is now openly called a “racist” and they are bashing anyone who even appears to be nationalist.

While the British pound closed 2017 at 13501, it finished the year in a long-term bearish position. We now have politicians rebellion and saying that the question was too complicated for the average person to understand and so the referendum should be put aside. This is keeping in line with the anti-Democratic policy adopted in the EU to deny the people the right to vote on the European Project – the surrender of all sovereignty to Brussels.

Unfortunately, our model has not indicated any change in the long-term trend. The Euro still closed in a bullish position relative to the cross with the pound sterling. Support lies at 88120 for 2018 on Euro/Sterling. We elected a Yearly Bullish Reversal back for the close of 2016 and that has dominated the trend as 2017 closed high with an inside trading year.

The posture, overall, shows that this remains in a questionable position. The early election called by PM May was a disaster and has opened the door for the REMAIN crowd to overthrow the vote by painting anyone for BREXIT as a racist and we now hear the politicians saying that Parliament should decide and not the people. If they succeed in this movement, we seem to be on schedule for the complete collapse of Britain come 2044 where it too will split up into regions as it had begun.

 

During the reign of Eadgar (959-975 AD), England was united under one ruler. It was Eadgar who instituted a uniform coinage throughout the land. Eadgar set the pattern for the ‘reformed’ coinage of the later Anglo-Saxon and Norman period and standardized the use of the king’s portrait as in old Roman tradition.

Here too, we are reaching 21 cycles of the ECM 51.6-years from the reign of Eadgar, which also confirms independently 2042-2044 the likelihood of England breaking apart back toward the regions that were united by Eadgar will be the fate of Britain.

Climate Change – Is the an OMG Event?


1709 Deep Freeze

 

QUESTION: Is it in your view a minor cold blip or “OMG we’re all going to freeze to death and run out of food ?”

BR

ANSWER: We are looking at an unbelievable decline in the energy output of the sun which appears to be the most rapid decline in nearly 10,000 years. The Global Warming crowd may be setting society up for mass famine and death because they are deliberately point everyone in the opposite direction to get their portion of the $1 billion grants. Natural disasters are the most disastrous when the energy output of the sun declines. There has been a fatal interaction of ecological, agricultural, economic, and political factors that seem to be setting the stage for at least a repeat of what is known as the Great Famine of 1315-1317. The Great Famine started with bad weather in spring 1315. Crop failures lasted through 1316 until the summer harvest in 1317, and Europe did not fully recover until 1322. The period was marked by extreme levels of crime, disease, mass death and even cannibalism and infanticide. The crisis set in motion the great economic collapse that began during the fourteenth century. In our arrogance, we seem to believe we have conquered every aspect of the planet and many argue we can even alter the climate of the planet.

The collapse from the Medieval Warm period was rapid, but also deadly. When the climate turned down, what followed was suddenly bitter cold winters and drenching rains which then froze. Europe had expanded as society always does in warm periods. Study have shown that desert rodent populations of many species tend to “fluctuate synchronously owing to pulses of primary production and seed availability during rainy years, and reduced seed production during droughts” (PLOS 2013).

BlackDeath-10

I have reported that plagues correlate to the decline in temperature. During the 14th century, there were warnings in the form of rumors that told of a great plague in China and India that killed most of the populations there. The plague made its way to Europe when the Kipchak forces were besieging the Genoese trading post in the Crimea (Ukraine). The Kipchaks began to catapult plague-infested corpses over the walls and into the trading post. The disease spread quickly and the Genoese abandoned the outpost. They sailed back to Europe stopping in Sicily in 1347 taking the Black Death with them.

Four centuries of global warming left Europe with mild temperatures, which were the highest in 8,000 years. This led to the great economic expansion and the rebirth of trade and the economy. In fact, gold began to reappear in the coinage after about 600 years. This was the Great Medieval Warming period that marked the rebirth of civilization following the fall of the Roman Empire. The European continent’s farmers expanded agriculture and planted crops on vast quantities of land previously unsuitable for agriculture. This led to the increased food supply which, like desert rodents, fueled a population explosion that tripled the number of people in medieval Europe.

First we have the sharp decline in weather. This resulted in those marginal lands that had been cultivated ceasing to produce crops as frosts and floods dominated the climate. Millions of extra mouths had to be fed and many died from the famine. Rebellions and civil wars emerged and this in turn exacerbated the  crisis. Then the terrible weather turned deadly and the first disease began to appear int the livestock. Two consecutive harvest failures in 1314 and 1315 launched seven years of famine, resulting in the deaths of between 5% and 12% of the population of northern Europe.

Yes, there have been famines caused by mankind. The worst in history remains that which occurred during the 20th century. This was the Russian famine created by Communism. Stalin’s forced collectivization program starved to death some 5 million Russians. Stalin took the food from Ukraine for Russia resulting in another 8 million Ukrainian deaths. Some 25 million Chinese died of hunger as a consequence of Mao’s Great Leap Forward, which also completely failed when bureaucrats try to run things from a central government perspective. Both of these modern famines were the result of Socialism/Communism taking the control away from the individual and handing it to bureaucrats in the central office.

My concern here is the correlations of pandemics to the decline in the energy output of the sun. That decline from the Medieval Warming Period set in motion what many call the Little Ice Age. Even after the extreme low, Europe is rapidly turning colder much faster than expected in what we would call technically a retest of the lows. That sharp decline was a real global cooling period for Europe known as the Deep Freeze of 1709. In the first few months of 1709 remained in a deep freeze that again wiped out food supplies. People were ice-skating on the canals of Venice, which against was highly unusual to see such cold that far south on the water. People could cross the Baltic Sea on horseback because it was completely frozen! You could not ring a church bell because it would shatter it was that cold.

Therefore, to answer the question do we face an OMG event with famine? The answer is yes! The worst of this may come during the 2020-2024 period. I have reported that it appears the next 8.6-year wave on the ECM appears to be setting up for a rally in commodities. That will include food.

Oh Lordy – Devin Nunes Will Get Eight FBI Witnesses This Month, Including Bill Priestap…


…”Ever watch those nature documentaries on the cable?”  Yeah.  “See the one about lions?”…

Today we get details about the DOJ deal with Chairman Devin Nunes. Included in the report from Catherine Herridge there is some really good news:

According to the letter, committee investigators also will get access to eight key witnesses this month including FBI agent Peter Strzok and FBI lawyer Lisa Page, who exchanged anti-Trump text messages during an affair and previously worked on the special counsel’s Russia probe; FBI general counsel James Baker, who was reassigned; FBI head of counterintelligence Bill Priestap, whom ex-FBI boss James Comey testified made the decision not to brief Congress about the Russia case during last year’s election; and Bruce Ohr, a DOJ official reassigned after concealing meetings with figures involved in the dossier.

That’s right. For the first time the ‘one who shall not be named‘ is going to have to face questioning from congress. Bill Priestap is the FBI head of counterintelligence who has been conspicuously absent from all previous conversations. All research, including prior testimony from FBI Director James Comey (March 20th, 2017), indicates Priestap is at the epicenter of the 2016 counterintelligence operation against the Trump campaign.

Here’s the full report:

WASHINGTON DC – House investigators will get access this week to “all remaining investigative documents” – in unredacted form – that they had sought as part of their Russia inquiry, under a deal between Deputy Attorney General Rod Rosenstein and House Intelligence Committee Chairman Devin Nunes, R-Calif., according to a letter obtained by Fox News.

The letter, from Nunes to Rosenstein, summarizes an “agreement” reached on a phone call Wednesday evening and also says key FBI and Justice Department witnesses in the probe will be provided for interviews later this month.

“It is my hope that this agreement will provide the Committee with all outstanding documents and witnesses necessary to complete its investigations,” Nunes wrote.

The agreement comes after the DOJ and FBI faced a Wednesday deadline to comply, under the threat of new subpoenas and even contempt citations. Under deadline pressure, FBI Director Christopher Wray and Rosenstein met Wednesday with House Speaker Paul Ryan, R-Wis., to discuss the demands from the intelligence committee.

Nunes’ letter outlines the terms of the deal reached, as he seeks information that could shed light on whether the controversial anti-Trump “dossier” was used to open the Russia probe and justify surveillance on Trump campaign officials.

Nunes wrote that the committee is “extremely concerned by indications that top U.S. Government officials who were investigating a presidential campaign relied on unverified information that was funded by the opposing political campaign and was based on Russian sources.”

This is a reference to the dossier’s funding from the Democratic National Committee and Clinton campaign. Opposition research firm Fusion GPS hired former British spy Christopher Steele to compile the document, which contained salacious allegations about Trump.

The congressman originally issued subpoenas for related records on Aug. 24 that remain in effect, but the committee was stonewalled by the Justice Department and FBI for months.

Nunes said committee investigators and staff will now have access to all remaining documents during a review at the Justice Department on Friday.

According to the letter, committee investigators also will get access to eight key witnesses this month including FBI agent Peter Strzok and FBI lawyer Lisa Page, who exchanged anti-Trump text messages during an affair and previously worked on the special counsel’s Russia probe; FBI general counsel James Baker, who was reassigned; FBI head of counterintelligence Bill Priestap, whom ex-FBI boss James Comey testified made the decision not to brief Congress about the Russia case during last year’s election; and Bruce Ohr, a DOJ official reassigned after concealing meetings with figures involved in the dossier.

The witnesses are directly tied to allegations of political bias.

Nunes wrote that outstanding text messages between Strzok and Page will be delivered by Jan. 11.

The agreement could subject the DOJ and FBI to a level of scrutiny to which they are not accustomed.

“The FBI in particular is not used to having its inner discussions kind of brought to light, and I think that’s of huge concern for probably people at the FBI,” former Justice Department official Robert Driscoll said. (LINK)

Bill Priestap is the head of the FBI Counterintelligence operation. He was FBI Agent Peter Strozk’s direct boss. If anyone in congress really wanted to know if the FBI paid for the Christopher Steele Dossier, Bill Priestap is the guy who would know.

In April 2016 Hillary Clinton and the DNC paid Glenn Simpson with Fusion-GPS to dig up dirt on Donald Trump.

April 19th 2016 Glenn Simpson’s wife, Mary Jacoby travels to the White House.

The wife of Glenn Simpson (Fusion GPS), Mary B. Jacoby, with years of Russia-angled reporting –including Donald Trumpvisits the White House in April 2016, at the same time as the DNC and Clinton hire Fusion GPS to conduct the opposition research on Donald Trump, surrounding Russia? This timeline is entirely too obvious to be coincidental.

In May 2016 Fusion GPS hired Nellie Ohr, wife of DOJ Deputy Bruce Ohr, to lead the opposition research effort. That same month, Fusion GPS contracted with retired British MI6 Agent Christopher Steele to write the ‘Trump Russia Dossier’.

On May 5, 2016, (Via Katica) FBI lawyer Lisa Page (FBI Peter Strzok mistress) was in an important meeting at the White House. On the same day, WaPo had a ‘sources say’ story about the meeting. The subject was Hillary’s emails.

Yup, “small group” FBI Lawyer Lisa Page worked on the email case, too. Here are the White House logs for the May 5th meeting:

The May 5th, 2016, meeting was after FBI Director James Comey initially drafted the exoneration letter and BEFORE James Comey met with President Obama on MAY 16th.

FBI Director James Comey met with President Obama on the morning of May 16, 2016 and by afternoon the draft letter was circulating to FBI leadership (not by Comey though).

In late June 2016 the first draft of the Steele Dossier was shared back with Fusion GPS and presumably Nellie Ohr was one of the recipients. According to Robby Mook, the partial dossier information was also given to the DNC and Clinton Campaign.

July 2nd, 2016 Hillary Clinton is interviewed by FBI investigator Peter Strzok. No transcripts or recordings of the interview are made.

July 5th, 2016, FBI Director James Comey exonerates Hillary Clinton.

In July 2016 candidate Donald Trump won the GOP nomination. That same month the FBI Counterintelligence Division began an investigation they later described as a counterintelligence operation looking at Russian interference in the U.S. election. However, from 10 months of researched documentation, much of it in the MSM, we now know it was an FBI counterintelligence operation against candidate Donald Trump.

Also in July 2016, immediately following candidate Donald Trump’s successful bid to win the GOP nomination, a FISA application was denied. The timing here is far too coincidental (the later narrower version clearly evidences), the FISA application was to wiretap, monitor and conduct surveillance on candidate Trump and his campaign.

In August 2016, the lead FBI Agent in charge of that counterintelligence operation, Peter Strzok told his FBI Attorney and mistress: “I want to believe the path you threw out for consideration in Andy’s office that there’s no way he gets elected – but I’m afraid we can’t take that risk. It’s like an insurance policy in the unlikely event you die before you’re 40.”

The “insurance policy” appears to be the ongoing counterintelligence operation that later utilized the Steele Dossier to get the FISA warrant and actually begin the wiretaps and surveillance. The conversation referenced between Strzok and Page took place in FBI Assistant Director Andrew “Andy” McCabe’s office.

All of this information is really just a recap. Everyone now sees this construct clearly. The Timelines are brutally obvious. Congress and DC investigators, including the years-long OIG investigation, are currently in the phase of nailing down the players and putting the final touches on the evidence. The outline is clear as day.

FBI Asst. Director in charge of Counterintelligence Bill Priestap was the immediate supervisor of FBI Counterintelligence Deputy Peter Strzok.

Bill Priestap is #1. Before getting demoted Peter Strzok was #2.

The investigation into candidate Donald Trump was a counterintelligence operation. That operation began in July 2016. Bill Priestap would have been in charge of that, along with all other, FBI counterintelligence operations.

FBI Deputy Peter Strzok was specifically in charge of the Trump counterintel op. However, Strzok would be reporting to Bill Priestap on every detail and couldn’t (according to structure anyway) make a move without Priestap approval.

On March 20th 2017 congressional testimony, James Comey was asked why the FBI Director did not inform congressional oversight about the counterintelligence operation that began in July 2016.

FBI Director Comey said he did not tell congressional oversight he was investigating presidential candidate Donald Trump because the Director of Counterintelligence suggested he not do so. *Very important detail.*

I cannot emphasize this enough. *VERY* important detail. Again, notice how Comey doesn’t use Priestap’s actual name, but refers to his position and title. Again, watch [Prompted]

FBI Director James Comey was caught entirely off guard by that first three minutes of that questioning. He simply didn’t anticipate it.

Oversight protocol requires the FBI Director to tell the congressional intelligence “Gang of Eight” of any counterintelligence operations. The Go8 has oversight into these ops at the highest level of classification. In July 2016 the time the operation began, oversight was the responsibility of this group, the Gang of Eight:

Obviously, based on what we have learned since March 2017, and what has surfaced recently, we can all see why the FBI would want to keep it hidden that they were running a counterintelligence operation against a presidential candidate. After all, as FBI Agent Peter Strzok said it in his text messages, it was an “insurance policy”.

REMINDER – FBI Agent Strzok to FBI Attorney Page:

“I want to believe the path you threw out for consideration in Andy’s office that there’s no way he gets elected – but I’m afraid we can’t take that risk. It’s like an insurance policy in the unlikely event you die before you’re 40.”

So there we have FBI Director James Comey telling congress on March 20th, 2017, that the reason he didn’t inform the statutory oversight “Gang of Eight” was because Bill Priestap (Director of Counterintelligence) recommended he didn’t do it.

Apparently, according to Comey, Bill Priestap carries a great deal of influence if he could get his boss to NOT perform a statutory obligation simply by recommending he doesn’t do it.

Then again, Comey’s blame-casting there is really called creating a “fall guy”. FBI Director James Comey is ducking responsibility in March 2017 by blaming FBI Director of Counterintelligence Bill Priestap for not informing congress of the operation that began in July 2016. (9 months prior).

At that moment, that very specific moment during that March 20th hearing, anyone who watches these hearings closely could see Comey was creating his own exit from getting ensnared in the consequences from the wiretapping and surveillance operation of President Donald Trump. In essence, Bill Priestap is James Comey’s shield from liability.

But more curiously for current discussion, there has been NO MENTION of Bill Priestap in any of the recent revelations, despite his centrality to all of it.

Bill Priestap would have needed to authorize Peter Strzok to engage with Christopher Steele over the “Russian Dosssier”.

Bill Priestap would have needed to approve of the underlying documents that were used for both FISA applications (June/July and Sept/Oct).

Bill Priestap would be the person to approve of paying, or reimbursing, Christopher Steele for the Russian Dossier used in their counterintelligence operation and subsequent FISA application.

Without Bill Priestap involved, approvals, etc. the entire Russian/Trump Counterintelligence operation just doesn’t happen. Heck, James Comey’s March testimony in that regard is also evidence of Priestap’s importance.

So we all can see that Bill Priestap is a central figure. •FBI Director James Comey defers to him; •2016 Acting Attorney General Sally Yates relied on him; •FBI Special Agent in Counterintelligence Peter Strzok reports to him. Yet there was absolutely no mention of Bill Priestap in any of the explosive investigative story-lines. Why?

Bill Priestap is the FBI Director of Counterintelligence. There’s no way he hasn’t been caught inside the investigative net.

Bill Priestap’s boss, Andrew McCabe has been caught. Bill Priestap’s subordinate, Peter Strzok, has most certainly been caught. And in March 20th 2017 FBI Director Comey pushed Priestap directly in front of the congressional oversight bus.

On the home-front: FBI Director of Counterintelligence Bill Priestap is married to Sabina Menschel a self-employed “consultant” with a history of donations to Democrat candidates, specifically to Hillary Clinton.

Bill’s wife Sabina comes from a Goldman Sach’s connected family, which must be why Bill and Sabina can afford to live in a $3.2 million home in Washington DC.

Would be a little difficult to afford a $3,000,000.00 mortgage on a G-Man’s payroll.

Just sayin’…

BIG UGLY

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RESOURCES:

 

 

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.

BREAKING: District Court Judge Rules Fusion-GPS Must Turn Over Bank Records…


U.S. District Judge Richard J Leon ruled today that Fusion-GPS must turn over their banking records as required under the existing congressional subpoena.

Fusion GPS had sought an injunction from the federal court blocking the U.S. House Intelligence Committee from forcing them to provide banking records related to their 2016 opposition research work on Russia related matters.

In a 26-page-ruling (full pdf below) Judge Leon rebuked each of the Fusion GPS reasons for the injunction and ruled the subpoena from the congressional committee was appropriate, proper and lawful.

This is critical and presents a joint approach toward the entire scheme.  At the same time the Judicial Committees are focusing on the DOJ and FBI and how they used the FISA court, the House Intel Committee is focusing on the underlying documents, research and evidence behind the manipulated FISA warrant.  Splendid.

https://www.scribd.com/embeds/368439696/content?start_page=1&view_mode=&access_key=key-BIkTymlTPf1XP5pgHhEg

Super-MAGAnomic-Winning: U.S. Added 250,000 Private Sector Jobs in December – DOW Closes Above 25k…


This jobs report bolsters confidence in the MAGAnomic prediction shared two years ago. So long as current economic trends continue, the explosion in private sector wage rates, middle-class wages, will begin around Q2 of this year (April – June). Once the eight year Obama-labor-lag is fully absorbed, a tighter job market will put upward pressure on real wages.

The Main Street economic engine, the “real economy”, is now positioned to overtake the Wall Street engine, the “paper economy”. Meaning actual profits and losses, real economic GDP growth, will drive company earnings and valuations in 2018.

There is an economic policy synergy now taking place.  The tax package that was passed shows how President Trump’s economic policy drivers (Ross, Cohen, Mnuchin) have structured Main Street businesses to willingly afford the wage rate increases.

The MAGAnomic dynamic is two-fold. The tax rates for the middle-class have dropped; simultaneous to this tax change increasing take home pay, the business sectors will have room to drive actual hourly wage rates higher. Lower rates and higher wages has a compounding impact on the amount of money in workers paychecks/pockets. See how that works?

[CNBC] The total brought 2017’s private payroll growth as gauged by ADP and Moody’s to 2.54 million, an average of 212,000 a month.

Job growth was broad based, as professional and business services led the way with 72,000 new positions. The education and health services sector was next at 50,000 and trade, transportation and utilities contributed 45,000. Wall Street-related payrolls grew by 19,000.

[…] By size, businesses with between 50 and 499 employees added 100,000 jobs while small firms hired 94,000 and large companies contributed 56,000 to the total.

“The job market ended the year strongly,” Moody’s chief economist Mark Zandi said in a statement. “Robust Christmas sales prompted retailers and delivery services to add to their payrolls. The tight labor market will get even tighter, raising the specter that it will overheat.”

Overall, service-related companies were responsible for the balance of jobs, with 222,000 new hires. Goods-producing industries added the rest, with construction growing by 16,000 and manufacturing by 9,000.

The private payrolls numbers come a day ahead of the government’s closely watched nonfarm payrolls report. (read more)

The bottom line is how the MAGAnomic policy builds upon itself.  As middle-class workers have more disposable income they buy stuff.  Consumer spending drives GDP growth.

Higher middle-class wages mean U.S. consumers are no longer dependent on cheap foreign manufactured products.  This boosts the investment outlook for U.S. manufacturing.  The business cost dynamic shifts from the perspective of the U.S. as a service economy and the outlook becomes a balanced production economy.

President Trump’s MAGAnomic policy is breaking the historic cycle of low wages and cheap import product dependency.

Exactly as planned.

NOW, PLEASE WATCH:

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See how that works?

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Chairman Nunes Confirms Agreement – DOJ Will Provide “All Requested Information”…


Devin Nunes just released a statement following a discussion with Deputy Attorney General Rod Rosenstein.  According to the statement, Nunes will get all the requested documents and be given a schedule for the interviews with FBI Agent Peter Strzok, FBI Attorney Lisa Page and DOJ Deputy Attorney Bruce Ohr.  Whoot. Giddy up.

It appears the meeting earlier today between FBI Director Chris Wray and DOJ Asst. AG Rosenstein with House Speaker Paul Ryan was, as we suspected, a matter of briefing Ryan on production content and following the political protocols in advance of formal release