Catching up on earlier interviews, Devin Nunes appeared this morning on Fox News morning to discuss the release of Adam Schiff’s minority memo to defend FISA abuse.
Chairman Nunes reminds everyone of two key points: #1) the FBI and DOJ have to own up to what happened, regardless of consequence, and then commit to structural reform; and #2) the vast majority of U.S. media participated in the conspiracy through their participation with the Clinton-Steele Dossier and promotion of leaks from ideologues within the intelligence community. Therefore the same media cannot be expected to expose the corruption they helped create.
We are witnessing the rebuke of career politicians by career politicians. The California Democratic Party took a vote and it concluded it will not endorse Senator Dianne Feinstein’s re-election bid this year. Feinstein is 84 and the oldest politician there who wants to run for another 6-year term.
The delegates at the party’s annual convention gave the majority of votes to her top primary challenger, progressive State Senator Kevin de Leon.
De Leon received 54% of the vote, compared to 37%. Feinstein is nor considered to be left enough for California. She has stood by the NSA and called Snowden a traitor.
Neither Democrat will receive the state party endorsement because they both failed to reach the 60% threshold. Nevertheless, Feinstein leads by 29 points in the polls there and she is backed by the establishment with big bucks. Even though she did not get the Democratic endorsement, she may be impossible to beat anyway. She has all the money.
This is shaping up to be Feinstein v Democrats v People. Curious outcome. Long live corruption?
QUESTION: Vitalik Buterin, the co-founder of Ethereum and a co-founder of Bitcoin Magazine, said on Twitter. “Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time.” He said: “Don’t put in more money than you can afford to lose.
Do you agree with him? It seems like you do.
LM
ANSWER: Absolutely! None of these currencies will ever make it to be a viable real-world currency. Anyone wh0 thinks that these will be safer than an official currency is not thinking clearly. We are moving toward an electronic currency since today only about 4% of transactions take place in and paper money. Nevertheless, those who think that this circumvents central banks etc and this is the future are really out there in the unrealistic world.
A currency has to be LEGAL TENDER as long as we have governments. This cryptocurrency is not really a currency at all. It is simply a speculative investment. To be a real currency it must be used within society to conduct commerce. We cannot accept it for by the time we would go to convert it, who knows what the value would be. It is far too volatile.
QUESTION: Mr. Armstrong, My father was ______ the banker who commissioned you to do the Turkish lira hedging project in 1983. He passed away as you know. I found this material in his files on Turkey that you apparently published back in 1985. Some articles are saying that Turkey is the epic center of debt. I do not get that sense here and I figured you were really the authority my father always quoted. Can you shed some light on this subject?
Thank you
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ANSWER: Yes, I remember your father well. You have my sincere condolences. I remember that project for it was very challenging. I had to create a hedging model for the Turkish lira when nobody would make a market. That was one of my earliest synthetic creations.
The Turkish lira continues to move into hyperinflation and it has nothing to do with the fiscal policies of the government. Plain and simple – even its own people do not trust the government nor the currency. Hyperinflation takes place not because of the quantity of money, but because of the collapse in public confidence.
Turkey is BY NO MEANS the epic center of the debt crisis. That is really an absurd statement. Turkey has sold Dollar-denominated foreign debt like all other questionable emerging market countries. That is how they all have sold debt by taking the currency risk on to themselves.
I have been warning that as the US rates rise, this puts pressure on the $9 trillion of emerging market debt issued in dollars. The risk of a major debt crisis starting in Turkey is a very myopic view as we are facing a contagion of a Sovereign Debt Crisis among all emerging markets.
Turkish President Recep Tayyip Erdoğan is an autocratic strongman. The far greater risk is his rising threats against Greece and others to start a war. He has threatened the Kurdswith war as well as Greece. He has threatened to extend the Afrin military operation to Manbij.
Yes, it is true that Turkey owes foreign creditors $ 450 billion, of which $ 276 billion is denominated in dollars and euros. The Turkish private sector has about 36% foreign-currency based debt. Because of the decline in the lira, interest rates on domestic loans has risen from 6% to 12%.
The lira has depreciated against the dollar dramatically since August 1970. It was trading at 9 to the dollar back in 1960 according to our database.
1960 — 1 U.S. dollar = 9 lira (TL)
1980 — 1 U.S. dollar = 0.0001 lira (YTL)
1988 — 1 U.S. dollar = 0.0018 lira (YTL)
1995 — 1 U.S. dollar = 0.0611 lira (YTL)
1996 — 1 U.S. dollar = 0.1075 lira (YTL)
2001 — 1 U.S. dollar = 1.4396 lira (YTL)
2004 — 1 U.S. dollar = 1.3421 lira (YTL)
2008 — 1 U.S. dollar = 1.21 lira (YTL)
2009 — 1 U.S. dollar = 1.6 lira (YTL)
2012 — 1 U.S. dollar = 1.81 lira (YTL)
2016 — 1 U.S. dollar = 2.94 lira (YTL)
2017 — 1 U.S. dollar = 3.77 lira (YTL)
2018 — 1 U.S. dollar = 3.75 lira (YTL)
As interest rates rise, Turkey will certainly find itself in trouble. However, to say that Turkey will just default is one thing. The real risk is that Turkey will start a war to maintain its dignity and suspend all debt payments overseas both public and private.
Our models tend to reflect that Turkey will see a complete monetary collapse during the 2021/2022 period.
The people do not trust the Turkish lira. They are hoarding currency of just about any other country but their own.
Well, well, well…. this is hilarious; let’s see if any MSM realize the importance of this little admission. [I know Glenn Greenwald will]
Today during a CNN interview with Jake Tapper, ranking member of the House Intelligence Committee Adam Schiff admitted to being the source for the false reporting (December of 2017) by CNN’s Manu Raju – surrounding the Donald Trump Jr. and the wrong dates on the Wikileaks email.
You might remember back on December 8th, 2017, when CNN ran with a story -based on entirely incorrect facts (a wrong date)- that Don Jr. received advanced notice of a pending Wikileaks release of “hacked documents”.
The false CNN article (and broadcast report) stated their information was based on a read-out of the Trump Jr. email provided by an unnamed source. However, the entire substance of the leaked email was false. The entire story CNN ran with all morning was FAKE NEWS. –SEE HERE– & –SEE HERE–
Well, today during an interview with Jake Tapper, the CNN host ran a soundbite from President Trump who mentioned the December hearing and criticized Adam Schiff for being the intelligence committee leaker therein. In his zeal to counter the criticism of the President, Adam Schiff accidentally admitted to being the December intelligence leaker.
What the president is referring to, I think what really aggravated him is when his son came to testify before our committee, I asked him about conversations he had with the president where the president was on that aircraft and they concocted this false statement about that meeting in Trump Tower with the Russians.
And he refused to answer the questions, claiming attorney-client privilege, which clearly doesn’t apply to a situation where neither he nor his father are attorney nor client. Our position is — and the Republicans have adopted it as well — if witnesses refuse to answer questions and make bogus claims of privilege, as he did, as Steve Bannon did, we call them out on it.
Well, the president doesn’t like that. But that’s not a leak. That’s a fact. And it didn’t disclose testimony he gave. It disclosed a privilege that he asserted that doesn’t apply.
So, I’m not surprised the president doesn’t like it. (transcript)
While Schiff doesn’t admit to the leak of the email content specifically, he’s admitting to reporting to CNN during the specific testimony of Donald Trump Jr.
That intelligence committee testimony, and how Adam Schiff excused himself during testimony to run to the media, was the specific reference brought out in a letter (note below) from Don Jr’s lawyers to the House Committee staff.
It was during Donald Trump Jr’s sequestered testimony, that Manu Raju ran to the CNN cameras to broadcast the breaking news that later turned out to be based on false information from a committee leak.
Watch and Remember THIS REPORT IS FALSE:
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With Adam Schiff admitting today he gave reporters a briefing during the Donald Trump Jr testimony, in conjunction with the actual CNN report happening immediately thereafter, Schiff is essentially confirming he was the source of Manu Raju’s report.
Following the hearing and the leak Donald Trump Jr. wrote a letter of complaint to the House Rep. K. Michael Conaway, a Texas Republican who is heading the House Intelligence inquiry into Russian election interference. Don Jr’s outline specifically focused on the erroneous leak to CNN about the content of a received email; and requests an investigation into how the leak took place:
[…] Republicans suspect that the staff of Rep. Adam Schiff, California Democrat, leaked the erroneous “scoop” to CNN. They say his staff regularly leaks, with CNN being a favorite, with a spin that is not accurate.
Mr. Schiff, who is a big fan of the discredited Trump dossier, appeared on TV afterward. Mr. Futerfas said he misrepresented his client’s testimony.
[…] Mr. Futerfas’s implication is that the leakers let the story catch fire on social media and other venues before correcting it.
“Ranking Member Schiff and his staff do not leak classified or confidential information, and any disclosure of non-public information by the congressional committees undertaking investigations is singularly unhelpful,” Mr. Schiff said in a statement. “It is imperative that all investigations into Russia’s covert political interference campaign operate with appropriate discretion and refrain from publicizing information for short-sighted political gain.” (read more)
Now some might ask: why is this important? Well, as the ‘ranking member’ of the House Intelligence Committee Adam Schiff is also a member of the “Gang of Eight”. The Go8 is briefed on the most sensitive intelligence information in the entire U.S. government, including covert operations.
Having a known intelligence leaker acting politically on the Gang of Eight is profoundly disturbing and puts U.S. national security at risk. This also undercuts Schiff’s credibility as the author of the rebuttal memo attempting to defend the DOJ and FBI corruption.
ABC, NBC, CBS, CNN, MSNBC, NPR – take your pick, they’re all corrupt and their common mission is the take down of President Donald Trump. Just when we thought these gutless cowards had gone as low as they could CNN found a way to get even deeper into the swamp scum.
Fresh off the Parkland, FL massacre CNN organized an event they advertised as a “Town Hall Meeting.” They invited grieving students, their parents and teachers with only a couple of requirements: stick to our script and shout down the opposition as often as possible. This is the same tactic being employed on college campuses across the nation to shut down conservative voices.
The left’s shameful exploitation of our youth, and the complete politicization of this horrific assault was predictable and expected. Democrats, and the media, have no interest in pursuing ideas that could limit these mass shootings unless the blame is put squarely on guns, Donald Trump and the NRA.
The agenda of the left is to abolish the Second Amendment and begin gun confiscation – nothing less will be acceptable. If new legislation doesn’t move the narrative in that direction they have no interest in pursuing it. This political strategy will prevent any meaningful legislation from ever becoming enacted and the slaughter will continue.
The left understands this and will continue to use it as a political wedge issue for reelection.
Maria Bartiromo discusses the democrat memo, and the attempt to defend the DOJ and FBI’s abuse of the FISA court, with Congressman John Ratcliffe. Representative Ratcliffe is one of the few House Intelligence Committee and House Judiciary Committee members who have actually seen the underlying FISA documents as ¹presented by the DOJ.
Mrs. Bartiromo clearly understands the prior DOJ/FBI scheme and engages with Ratcliffe to bring out the factual aspects behind the political corruption.
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¹CTH reminder – A ‘better-than-reasonable’ possibility exists the DOJ FISA application documents presented to the highly restricted congressional reviewers might not be the same application documents provided to the FISA court. Only Trey Gowdy, John Ratcliffe, Adam Schiff and House Judiciary Chairman Bob Goodlatte have viewed the presented DOJ version of the FISA application. Chairman Goodlatte has requested the FISA court version be provided to his committee so he can compare.
FISA Court Presiding Judge Collyer has indicated she is aware of Goodlatte’s concern, and understanding of the reason therein. Judge Collyer provided Chairman Goodlatte with an option of her review if Goodlatte could convince the executive branch (DOJ) to declassify their version and copy her on their response to him. This multi-branch investigative angle is ground-breaking, ongoing and nuclear in consequence if suspicion becomes fact.
Almost two weeks ago FISA Court Presiding Judge Rosemary Collyer responded to the requests from the House Intelligence Committee Chairman Devin Nunes and House Judiciary Chairman Bob Goodlatte. (full pdf’s below – #1 and #2)
There are nuances in each response specific to the statutory roles of each Chairman and the specific requests made by each committee. Reflected in Judge Collyer’s responses is a need for careful consideration of each unique request.
♦House Intelligence Committee Chairman Devin Nunes holds primary oversight authority over the aggregate Intelligence Community (IC). Chairman Nunes has requested the transcripts from the FISA Court during the DOJ/FBI Title-1 surveillance application over their target, U.S. person Carter Page.
♦House Judiciary Committee Chairman Bob Goodlatte holds primary oversight authority over the Department of Justice -including the FISA court- and has requested the actual FISA Title-1 application as submitted by the DOJ/FBI for surveillance of Carter Page.
Judge Collyer responds to both legislative branch chairmen from the position of “never previously receiving such requests.” There are separation of power challenges, but also an understanding inherent in the response to Chairman Goodlatte of the unique statutory oversight his committee holds.
The Legislative Branch created the FISA Court system; however, the secret court resides in the Judicial Branch. Judge Collyer is taking both requests under consideration and asks both Chairmen to consider seeking relief from the Executive Branch with requests directly to the DOJ for the majority of the information they seek.
However, there is an underlying issue not being discussed within the communication – yet visible in the corner amid their engagement. That issue is the possibility the DOJ may have modified the FISA documents within its possession in an effort to hide from congress the trail of a conspiracy against a presidential candidate and an incoming administration.
In essence, the FISA documents held by the court *may not be* identical to the FISA documents released by the Department of Justice. Chairman Goodlatte is seeking to rule out that possibility.
As a reminder (for context and discussion). The only people who have actually seen the FISA Title-1 Application are:
♦The officials in the DOJ and/or FBI who assembled it. Those people are unknown but presumed to be from the DOJ – National Security Division. (Possibly: John P Carlin, Mary McCord or similar).
♦The presiding FISC judge who approved the application. (Possibly: Judge Rudolph Contreras – though no concrete evidence therein).
♦The three congressional representatives who have viewed the application as presented by the DOJ for the construction of the various memos:
•HPSCI member Trey Gowdy;
•HPSCI member John Ratcliffe
•HPSCI ranking member Adam Schiff;
•and House Judiciary Chairman ¹Bob Goodlatte.
¹Chairman Goodlatte has viewed the FISA application as presented by the DOJ and is requesting to see the same application as presented by the FISA court.
CNN, Jake Tapper and Democrat Broward County Sheriff Scott Israel are all in the spotlight for their abject politicization of the Parkland school shootings. After a very scripted town hall event by CNN, with a goal of advancing gun control policy, CNN and Tapper now attempt to gain distance from growing controversies.
Most of the current county leaders throughout Broward County civic leadership are transplanted far-left NE liberals; many from New York. Democrat Sheriff Israel is thoroughly political in his approach to law enforcement. In this interview watch the professional obfuscation; the priorities of Sheriff Israel are very clear. Jake Tapper understands the risk to their larger ideological goals.
22 minutes into the interview Jake Tapper asks about “The Promise Program“; the Broward County policy to never arrest high school students – so the local officials can elevate their education statistics and gain federal and state grant money.
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There are many signals in this media interview (and presentation) indicating CNN executives understand the damage to their already severely damaged brand image.
A Broward County School Police Officer must: carry a political hat and be able to intercept anti-social behavior (ie. filter through “The Promise Program“); modify his/her action based on the specific policy need (no arrests); falsify documents (as needed), hide evidence (as needed), manipulate records (as needed); and engage inside the system with an understanding of the unwritten goals and school board/LEO objectives (improve stats).
As such, Broward County school law enforcement are given political instructions, and carrying out political objectives. The 30 minute CCTV tape-delay is one unofficial consequence of that objective. School police are not given law-enforcement instructions.
The Broward county school officers are the primary foot soldiers carrying out county political policy (must keep statistics protected). Actual physical security of school students is not their primary role, they don’t have time for that. The Broward County school officer is in place to protect the school system “policy” and ensure students are not arrested for criminal conduct.
If you begin reviewing the downstream consequences with a correct understanding of the originating policy objectives then everything begins to make sense. You can see from the program outline the scale of the agreement and which parties contributed to the policy. Here’s the program in pdf form:
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America