Posted originally on CTH on August 28, 2025 | Sundance
The Wall Street Journal wrote the hit piece against DNI Tulsi Gabbard, sourced to two “people familiar with the matter,” and “three other people with knowledge of the situation.” They all needed to coordinate with the WSJ. Think about it.
The substance of the story is that among the 37 current and former Intelligence Community officials Tulsi Gabbard recently stripped of their security clearances, was an “undercover CIA agent” located within one of those agencies.
The story is written to say DNI Tulsi Gabbard should have vetted the list with the CIA for a longer period of time before she took action. Therefore, she is not doing her job correctly, or something. The CIA was compromised by Tulsi Gabbard removing the security clearance of one of their hidden agents within the U.S. Government.
Before getting to the story at hand, just stop and think of what the story is selling. The article says the placement of CIA agents throughout the administration’s agencies is commonplace. The CIA Director is not necessarily aware of these CIA operatives or operations that are taking place within the government. That point is one well worth thinking about.
However, there’s another larger point that will fly past most casual observers. The Intelligence Community (IC), and let’s accept this one is likely the CIA (directorate of analysis) from the structure of the political hit, is leaking against DNI Tulsi Gabbard. Again, think. The issue at the heart of the CIA complaint is null and void unless the CIA publicly complains about it.
If there was a valid, genuine, legitimate and valuable CIA asset within the 37 names who lost their security clearances, the issue would be quickly and quietly resolved by just not taking the action against that person. Saying nothing, doing nothing, makes the “mistake” (if that’s what it was) disappear.
The CIA complaining about it to the Wall Street Journal is what makes the issue a problem. That’s how you can identify this story as an organized Intelligence Community political hit against Tulsi Gabbard.
Increasingly, it is becoming more and more clear that Tulsi Gabbard is factually doing what the Intelligence Community feared she would be doing.
DNI Gabbard is targeting all of the political weaponization within the Intelligence Community, and she is methodically removing the corrupt people within the system who participate. In short, she’s doing the thing we wanted her to do – and that’s a problem for the system.
Wall Street Journal– Tulsi Gabbard, director of national intelligence, surprised Central Intelligence Agency officials last week when she included an undercover senior CIA officer on a roster of 37 current and former officials she stripped of security clearances.
Most of the 37 people had either participated in intelligence assessments related to Russia’s attempt to influence the outcome of the 2016 U.S. presidential election or had signed a 2019 letter calling for President Trump’s impeachment.
Gabbard didn’t know the CIA officer had been working undercover, according to a person familiar with the fallout from the list’s release. Three other people with knowledge of the situation said that Gabbard’s office didn’t meaningfully consult with the CIA before releasing the list.
Gabbard’s office delivered the list of 37 people to the CIA the evening before the list’s release, according to three people familiar with the communications and emails read to The Wall Street Journal.
The national intelligence office didn’t seek the CIA’s input about the composition of the list, and the CIA had no foreknowledge of Gabbard’s posting on X the following day that revealed the names, including that of the covered CIA officer, according to two of the people familiar with the events.
In a memo announcing the revocations, Gabbard said she had acted on Trump’s orders.
“Director of National Intelligence Gabbard directed the revocations to ensure individuals who have violated the trust placed in them by weaponizing, politicizing, manipulating, or leaking classified intelligence are no longer allowed to do so,” a spokeswoman in Gabbard’s office said.
[…]The CIA official whose clearance was revoked last week is a longtime Russia hand at the agency. The officer has held intelligence posts for more than 20 years and worked from 2014 to 2017 as an expert on Russia and Eurasia on the National Intelligence Council, according to a publicly listed biography.
Earlier this year, the CIA officer spoke at a classified intelligence conference and was described as a senior executive manager in the CIA’s Europe and Eurasia mission center.
[…] It is a felony to reveal the identity of a covert intelligence officer or agent, though it is unclear if the statute could be applied to a government disclosure, or if including her on the list constitutes a disclosure. (read more)
Did ya’ll catch that little slip-up “her” inside the last sentence?
Apparently, the person on the list, the hidden CIA operative that lost their security clearance, was a “her.”
I watch the minutia closely, and this is one of those very rare instances where I can say, I find zero reason to doubt the intents and integrity goals of DNI Tulsi Gabbard.
FTA: “The CIA officer spoke at a classified intelligence conference and was described as a senior executive manager in the CIA’s Europe and Eurasia mission center”… AFCEA Spring Intelligence Symposium: Ms. Julia Gurganus, Senior Executive Manager – Europe and Eurasia Mission Center, Central Intelligence Agency. [LINK]
Posted originally on Aug 28, 2025 by Martin Armstrong |
QUESTION: Marty, you have mentioned that at some point in history, when Italy could not pay off its 30-day short-term paper because it could not sell the new debt to pay off the old, as they do today, they converted 30-day paper to long-term. I cannot find the details on that. Could you please explain this, as it is a risk here in Europe today?
Bret
ANSWER: Yes, that was during the Panic of 1893 that became a Global Contagion. Italy, when faced with similar circumstances to what we see today, did not officially default in the classic sense of failing to pay. Still, it executed a coercive debt restructuring that is widely considered a selective default or soft default in 1893-1894. This is what we refer to as a forced loan.
Italy was facing a run on its short-term debt and unable to roll over the maturing paper because there were no buyers, the Italian government, led by Prime Minister Francesco Crispi, did not formally declare a default. Instead, it passed a law (Legge 11 luglio 1894, n. 386) that forcibly converted the short-term Buoni del Tesoro into a new long-term bond.
The law mandated that holders of the short-term Treasury notes could not be repaid in cash upon maturity. Instead, they were forced to exchange their maturing short-term paper for a new long-term government bond, called the “Rendita Italiana 5%” (5% Italian Annuity).
This new bond had a 5% coupon but was issued at a price below par (effectively giving a higher yield to compensate, somewhat, for the forced nature of the deal). Crucially, it was a perpetual bond, meaning it had no final maturity date.
The Italian government unilaterally changed the terms of its debt. Investors lent money for 30 days, expecting to be repaid in cash at the end of that term. The government broke that promise.
Investors had no choice. They could not get their cash back; their only option was to accept the new long-term instrument. While they received a new security, it was illiquid (perpetual) and its value was uncertain. This action caused significant financial losses for many Italian banks and citizens who held the paper.
I would expect that Europe will pull this one off when it can no longer issue new debt to pay off its old debt. We are living in a perpetual Ponzi scheme. There is ONLY one way this ends, and that is a default or a forced loan.
Posted originally on CTH on August 26, 2025 | Sundance
Continuing the record of being the most transparent administration in history, President Trump will be holding a cabinet meeting today at 11:00am and the media is invited to participate in the first part of the event.
Posted originally on CTH on August 26, 2025 | Sundance
Was NSA Director Mike Rogers aware that political spying was conducted through the use of searches on the NSA database? Yes. Did NSA Director Mike Rogers take action in April 2016 to stop the searches within the NSA database that were entirely due to political surveillance? Yes.
Six months later, October 20, 2016, the extensive review of all the political surveillance searches done from November of 2015 to April of 2016 was completed; the NSA compliance officer briefed Director Rogers. Six days later on October 26, 2016, NSA Director Mike Rogers then informed the FISA court of the unlawful searches and his action to address the issue.
One month later 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. The very next day, Friday November 18, 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.”
Notice how the WaPo conflates the two issues. (1) Meeting with Trump (Nov), and (2) the recommendation to fire him (Oct). The October recommendation to fire Rogers was likely based on the outcome of his decision to fully stop “about queries” of the NSA database and speak to the FISA court.
The recommendation to fire Rogers preceded his visit to Donald Trump, though the IC effort may have provided some additional motivation for the Rogers visit itself.
NSA Director Mike Rogers traveled to New York November 17, 2016, when a SCIF (Sensitive Compartmented Information Facility) was set up for President-elect Trump to use following the November 8, 2016, election.
The next day, November 18, 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. Specifically, Defense, State, CIA and ODNI.
There was a great deal of speculation at the time surrounding the visit by Director Rogers and the move from Trump Tower to New Jersey. Did Rogers tell President Trump about the political surveillance from November 2015 to April 2016? We now know the answer is no, he did not.
Director Rogers did recommend an easier venue for the SCIF to operate with secured communication channels; but Rogers did not notify President Trump about the use of the NSA database for political spying.
It is worth noting other events in/around this timeline. The NSA compliance officer did not brief Admiral Rogers until 20th Oct 2016. The next day, October 21 the FISA application against Carter Page was approved by the FISA Court; Rogers would be unaware of this submission and issuance. Admiral Rogers then notified the FISC Oct 26, 2016, about the NSA database issue. [In October of 2016 James Clapper and Ash Carter were recommending Rogers’s firing.]
The issue of the “FBI Contractors” having access to the NSA database for political spying was stopped by Director Mike Rogers on April 18, 2016.
NSA Director Mike Rogers shut down FBI contractor access to the NSA database April 18, 2016, the very next day what happens? On April 19, 2016, Perkins Coie hires Fusion GPS Glenn Simpson to conduct research on Donald Trump.
♦ Now, fast forward to Devin Nunes in March of 2017, two similar but importantly different issues surface. (#1) The collection of information from within the NSA database; and (#2) the unmasking of names within intelligence community communication.
These are two distinctly separate issues.
In February and March 2017 HPSCI Chairman Devin Nunes, a gang of eight member, reviewed intelligence reports 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.
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 had been provided intelligence reports brought to him by unnamed sources that include ‘significant information’ about President-Elect Trump and his transition team. [WATCH]
Quotes from the presser:
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 was it 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.”
Remember, the issue of the November ’15 to April ’16 exploitation of the NSA database did not involve “unmasking.”
“UNMASKING” is an entirely different issue from the problem identified in March 2016 by the NSA compliance officer.
The NSA and FISC directly noted there was “no attempt at minimization” for the results that came from the unauthorized searches of the database. That “FBI Contractor” activity didn’t require any unmasking because nothing they did was masked (minimized).
The outcomes of the FBI contractors were “raw FISA information on FBI storage systems.”
Also important, “the [XXX] contractors had access to raw FISA information that went well beyond what was necessary to respond to the FBI’s requests.”
♦ Then we get to the question of who exactly was doing these searches?
Now, we can overlay that Daniel Richman was hired by FBI Director James Comey as a “special government employee.” Richman given TSCI clearance and top-level access to FBI activity.
Has Daniel Richman ever been asked if he searched the NSA database?
“Sources familiar with Richman’s status at the FBI told Fox News that he was assigned to “special projects” by Comey and had a security clearance as well as badge access to the building. Richman’s status was the subject of a Memorandum of Understanding.” […] “Richman’s portfolio included the use of encrypted communications.” {SOURCE}
Then we jump to the question of the FBI workstation at Perkins Coie; justified, they claimed, because the DC law firm was a “contractor” for legal analysis on behalf of the FBI.
So, the Clinton Campaign law firm, Perkins Coie, was an FBI contractor, with a designated workstation within it. And when NSA Director Mike Rogers shut down FBI contractor access to the NSA database April 18, 2016, the very next day what happens? On April 19, 2016, Perkins Coie hires Fusion GPS Glenn Simpson to conduct research on Donald Trump.
Private contractors with access to “raw FISA information that went well beyond what was necessary to respond to FBI’s requests.” The Perkins Coie arrangement was in place since 2012.
[…] Sec. 2. Security Clearance Review. (a) The Attorney General, the Director of National Intelligence, and all other relevant heads of executive departments and agencies (agencies) shall immediately take steps consistent with applicable law to suspend any active security clearances held by individuals at Perkins Coie, pending a review of whether such clearances are consistent with the national interest.
(b) The Office of Management and Budget shall identify all Government goods, property, material, and services, including Sensitive Compartmented Information Facilities, provided for the benefit of Perkins Coie. The heads of all agencies providing such material or services shall, to the extent permitted by law, expeditiously cease such provision. (LINK)
♦ Back to Devin Nunes presser in 2017. There are two issues: the use of the NSA database to conduct political spying, and the unmasking of U.S. persons within intelligence products created by the intelligence community. Two separate issues.
HPSCI Chairman Devin Nunes was alarmed at how the “spying” or “surveillance” of President Trump was conducted.
As noted by Nunes, nothing about the issue of concern was related in any way to Trump-Russia, the Russian interference issue or any context surrounding Russia.
The issue at the heart of the matter was how the surveillance was conducted. The exploitation of the NSA metadata storage base, the NSA database containing the electronic communication of every American. That was the issue, not Russiagate.
Later, Nunes shared his concern with a letter to DNI Dan Coats as an outcome of what he saw first-hand.
In Nunes outlook -along with the outlook of every single govt official that I have ever had contact with- retention of the FISA(702) tools must be maintained at all costs.
Not a single member of government is against the system, which is, entirely based on a library of information that captures the electronic data of every American.
Another way to look at it is that the process of retaining the NSA database must be defended, and in the larger of the BIG PICTURES, the FISA process is simply a legislatively authorized tool to engage with that captured information.
This is why FISA(702) becomes so absolutely critical for the interests of the National Security Apparatus.
Just as Astronaut David Bowman was told in 2010 A Space Odyssey, “all these worlds are yours -except Europa- attempt no landings here.” So too, is the NSA database and the FISA exploitation therein, completely off limits to discussion or elimination.
There isn’t a single govt official who would dare step forth to challenge the baseline of the FISA process, because the FISA process is simply the tool that permits the legal exploitation of the NSA Database.
Think about the more recent example of Tulsi Gabbard being nominated to the position of Director of National Intelligence.
There was no way for Tulsi to get beyond the block of the Senate Select Committee on Intelligence (SSCI), the group that held control of her nomination, while she retained a public opinion that the FISA tool was an unconstitutional exploit that violated the 4th Amendment.
What did Tulsi Gabbard have to do to get through that “advise and consent” process?
She had to accept and affirm that she would never seek to limit, restrict or substantively alter the Intelligence Community access to the NSA database. She had to acquiesce to never blocking or impeding FISA(702) as constructed as a tool to engage the database.
So, even a staunch critic for the abuses within the system, had to take a position that she would never attack the tools that permit the abuse to exist. To get confirmed Tulsi Gabbard reversed her position and told the SSCI she would support FISA (702) if confirmed as DNI.
The “Russiagate” story is being pushed, promoted and advanced by every interest aligned with the retention of FISA(702), and every element of the sexy Clinton Trump-Russia storyline is being used as a distraction to stop people from looking back on the issue of where this spying and surveillance originated.
I am increasingly convinced that DC wants people to chase Russiagate, because DC doesn’t want people looking at the Obama exploitation of the NSA database; because every single entity in DC wants to keep people away from contemplating the U.S. metadata capture of all electronic information that now forms the baseline for the national security state.
President Obama supported FISA. Devin Nunes supported the FISA exploit. Kash Patel supports the FISA exploit. Pam Bondi supports the FISA exploit. James Comey supported the FISA exploit. Every corrupt and non-corrupt govt official alike supports FISA. We are told that without it there are great national security threats.
It was the very existence of the NSA database that provided the Obama administration the ability to weaponize it.
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 Obama people, under the auspices of FBI “contractors” didn’t use valid FISA authorities to conduct the political surveillance or spying operation, they just used “about” searches of the NSA database itself.
The contractors didn’t mask (minimize) any search result because the only thing they cared about was getting the information. The people doing the searches were not operating to discover valid information of a national security interest. These were not defective search efforts done by persons or interests with valid intentions.
This was political spying.
This kind of unlawful activity, if exposed, threatens the core validity of the system they weaponized.
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