Treasury Secretary Steven Mnuchin appears for an interview with Maria Bartiromo to discuss the Trump administration’s efforts to return privatization to Fannie Mae and Freddie Mac, the state of the U.S. economy, U.S. trade talks with China, USMCA and government spending.
Ms. Bartiromo is very concerned about retaining the wealth position for her friends on Wall Street and the Asian investment needs of U.S. multinational corporations.
Earlier today President Trump and Attorney General William Barr participated in a ceremony to recognize the valor and heroic commendations for law enforcement and civilian responders during shootings in El Paso, Texas, and Dayton, Ohio.
[Video and Transcript below]
[Transcript] – THE PRESIDENT: Well, I want to thank the Attorney General for not only this today, but for doing an incredible job. Thank you very much, Bill. Appreciate it.
Today, I’m honored to welcome you to the White House as we recognize 11 extraordinary American heroes. These incredible patriots responded to the worst violence and most barbaric hatred with the best of American courage, character, and strength.
Faced with grave and harrowing threats, the men and women standing behind us stepped forward to save the lives of their fellow Americans. Few people could have done, and even would have done, what they did.
In a few moments, I will award six police officers from Dayton, Ohio, with our nation’s highest public safety award, the Medal of Valor. I will also honor five Americans from El Paso, Texas, with Certificates of Commendation, recognizing these civilians who displayed tremendous bravery.
The light from these intrepid souls defied the darkness and confronted the most sinister danger. Would you all please join me in expressing our deepest gratitude and highest admiration to these unbelievably exceptional Americans? Thank you. (Applause.)
We’re also joined by Senator John Cornyn and several members of my Cabinet. And I want to thank you all for being here. John, thank you very much.
Most importantly, to the families of our heroes: You understand better than anyone the difference your loved ones have made in the lives of so many Americans. We treasure you and we really do thank you from the bottom of our hearts. Again, thank you very much. Great job.
One month ago, America witnessed horror beyond belief. On Saturday, August 3rd, at a Walmart in El Paso, Texas, the soulless and bigoted monster killed 22 innocent people and wounded 27 others. It happened very quickly. It was a racist attack motivated by pure evil hatred. The next day, in Dayton, Ohio, a vile and wicked murderer stole 9 lives and injured 34 others.
Our nation is shocked and enraged by these inhuman and sadistic acts of bloodshed. We fail to comprehend how any person could be so warped by malice and contempt. Every heart breaks for the families who lost precious loved ones, and every American grieves for those who were so cruelly taken from us.
In the midst of such profound anguish, one memory fills us with hope: When evil showed its hideous face, Americans of all walks of life rose up — and they did. They rose up, they defied fear, they stared down death to protect the innocent — and stand tall they did, just for righteous and for good.
Several days after the shootings, the First Lady and I visited both cities. We met with first responders, hospital staff, survivors, and families. We will never forget the unity and love we saw in those communities and at those hospitals. It was incredible.
In Ohio, I had the privilege of meeting the six Dayton police officers who, without a moment’s hesitation, immediately and courageously engaged the gunman, ending his attack and rescuing countless lives. Who knew, and who can even understand, how many lives would have been taken if they didn’t act so quickly?
Just after 1:00 a.m. on August 4th, these officers were patrolling the streets of downtown Dayton when the killer opened fire into an innocent crowd.
The shooter continued firing as he ran down a sidewalk packed with people. Sergeant William Knight was stationed in his cruiser about 150 feet away. He heard the gunfire, jumped out of his car, and quickly returned fire. Meanwhile, Officer Brian Rolfes ran directly towards the shooter and into the onslaught of incoming bullets. Then, Officers Jeremy Campbell, Vincent Carter, Ryan Nabel, and David Denlinger moved in, engaging the shooter at close range, calling upon years of training in the span of an instant.
Millions of Americans saw the video footage of these officers calmly charging forward in the midst of chaos and constant fire. Without a thought for their own safety, they stood square to the target, executed their mission, and brought down the murderers with precision gunfire. It was just before that maniac was ready to enter a very crowded restaurant and bar.
Within 32 seconds of the start of the attack, these six officers ended the violent rampage and saved countless lives. Today, it is my immense honor to award the Medal of Valor to those law enforcement heroes: Sergeant William Knight and Officers Brian Rolfes, Jeremy Campbell, Vincent Carter, Ryan Nabel, and David Denlinger.
To each of you, we are in awe of your swift response, sterling professionalism, and rock-solid nerves of steel. On behalf of our entire nation, we thank you for your remarkable and heroic actions in the line of duty. And we just want to thank you so much. What a great job you’ve done. Thank you very much. Please. (Applause.)
Today, we are also honoring five Americans who risked their lives to save others during the brutal attack at the Walmart in El Paso, Texas.
Walmart Store Manager Robert Evans was outside the store entrance when he heard the gunman fire his first shot. Robert instantly alerted employees of the active shooter. He saw the killer heading towards the store, so he raced inside and directed customers toward the nearest emergency exits, helping hundreds escape to safety. Incredible. Robert, you exemplify noble leadership and selfless service. Thank you very much, Robert. Great. (Applause.) Thank you, Robert.
Walmart employee Gilbert Serna heard Robert’s alert over the radio, and immediately, without hesitation, guided dozens of shoppers to refuge through a rear exit, boosting some people over a 12-foot wall and hiding others in shipping containers. So smart to think of that. Who would think of that, under these circumstances? A lot of people would just run for their lives.
He cleared out the back area of the store a minute before the shooter got there. Gilbert, your unwavering resolve inspires us all. Thank you very much, Gilbert. Great job. (Applause.) Thank you.
Marisela Luna was managing the McDonald’s inside the Walmart when the murderer burst into the entrance. She quickly gathered customers from the lobby and led them to refrigerators and other hiding places, shielding them from the shooter’s line of sight. Thank you, Marisela, for racing to rescue others from grave danger. Thank you very much. Thank you, Marisela. Thank you. Thank you. (Applause.)
McDonald’s supervisor Angelica Silva was working at another location when she got word of the active shooting. She drove straight to the scene to check on her employees. Upon arriving, Angelica saw two people in the parking lot who were very, very badly wounded. She alerted first responders and helped save the life of one of those severely injured victims. Angelica, we thank God you were there. Thank you very much. Thank you. (Applause.)
Chris Grant was picking out snacks for his kids when he suddenly saw the murderer firing at innocent shoppers a few aisles away from him. Chris grabbed — listen to this — soda bottles and anything else in front of him, and began hurling them at the gunman, distracting him from the other shoppers and causing the shooter to turn toward Chris and fire at Chris, whereby Chris suffered two serious gunshot wounds. But he is recovering well and we wish him the best. His family is here. So please thank Chris for us, please. (Applause.) Think of that.
In the darkest moments of danger and despair, God calls the bravest to action. These 11 individuals answered the call. They stared down evil. They put love of neighbor above life itself. And we are blessed by their courage. We are honored by their presence. We are overwhelmed by their example. And we are forever inspired by the goodness of their hearts, the grace of their souls, and the enduring greatness of their deeds.
To every one of the heroes we recognize today, thank you and God bless you all. Thank you very much. (Applause.) Incredible.
Now I would like to ask the military aide to come forward and read the citations, please.
MILITARY AIDE: The Medal of Valor is presented to the following individuals for their bravery and composure in the face of an armed assailant, intent on the murder of innocent civilians in Dayton, Ohio, on August 4, 2019. Their quick and decisive actions in the face of extreme danger neutralized the gunman within seconds, protecting the lives of hundreds of people:
Sergeant William Knight.
(The Medal of Valor is presented.) (Applause.)
Officer Brian Rolfes.
(The Medal of Valor is presented.) (Applause.)
Officer Jeremy Campbell.
(The Medal of Valor is presented.) (Applause.)
Officer Vincent Carter.
(The Medal of Valor is presented.) (Applause.)
Officer Ryan Nabel.
(The Medal of Valor is presented.) (Applause.)
Officer David Denlinger.
(The Medal of Valor is presented.) (Applause.)
Will the Medal of Valor recipients please take your seats, and the Certificate of Commendation recipients please join the President on stage.
The Certificate of Commendation is presented to the following individuals for acting selflessly and fearlessly to save hundreds from a hateful gunman who opened fire at a Walmart in El Paso, Texas, on August 3rd, 2019. Each of these courageous civilians could have escaped to safety during the massacre, but they instead put their own lives in jeopardy to help their neighbors find refuge and access desperately needed medical attention:
Mr. Robert Evans. (Applause.) Mr. Gilbert Serna. (Applause.) Ms. Marisela Luna. (Applause.) Ms. Angelica Silva. (Applause.) Accepting on behalf of her son, Chris Grant, Ms. Minnie Grant. (Applause.)
Would the Medal of Valor recipients please join the President on stage for one last group photo. (Applause.)
THE PRESIDENT: Thank you, everybody. Thank you very much. (Applause.)
Apparently Judiciary Committee Chairman Jerry Nadler is planning to return the focus of the House toward the democrats ongoing effort to impeach President Trump.
Washington, D.C. – Today, House Judiciary Committee Chairman Jerrold Nadler announced the House Judiciary Committee will consider procedures on Thursday for future hearings related to its investigation to determine whether to recommend articles of impeachment with respect to President Donald Trump. (more)
Representative Doug Collins weighs in:
Additionally, Jim Jordan gave his opinion on the process:
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Published on Mar 29, 2018
The New York Post reported that an American student who could not find a job with their degree was forced to simply leave the country. If I were Trump, I would run on forgiving student loans at least partially and lay the blame where it all belongs – on the Clintons and their deal with the bankers.
I would make it ILLEGAL for bankers to demand a guarantee from a parent when in fact what they did was get the family home exempt from bankruptcy so they could throw families out on the street to collect their money.
It is time this crisis is dealt with. If you want to stimulate the economy, STOP handing blank checks to bankers and hope they do the right thing which will NEVER happen!!!!!!!! And while you are at it, start putting bankers in jail like any other corporate officer and make it ILLEGAL for any bail-in. Let’s really drain the swamp – stop filling it.
The South China Morning Post has an interesting article highlighting that July’s export results from China were likely skewed as U.S. companies proactively made purchases to take advantage of Beijing’s currency devaluation in combination with filling inventory ahead of the U.S. holiday needs.
Additionally, August export results from China show an actual drop in exports, falling 16 percent year-over-year from decreased U.S. orders:
SCMP – China’s exports fell unexpectedly in August, as the trade war with the United States continued to hit the world’s second-largest economy.
Shipments fell by 1 per cent in the month after growing 3.3 per cent in July in dollar terms, and below the 2.1 per cent growth expected by analysts in a Bloomberg poll. Imports in the month dropped by 5.6 per cent, leaving a trade surplus of US$34.84 billion, according to China’s General Administration of Customs.
July’s expansion now seems like an anomaly, likely driven by front-loading as new tariffs of 15 per cent on about US$110 billion of Chinese goods that took effect on September 1. American buyers of Chinese goods subject to the new tariffs were likely to have filled their inventories as much as possible before the goods became more expensive to import.
Furthermore, the much-reported 3.8 per cent depreciation of the yuan in August failed to stop the decline in exports – despite Washington’s fears that it was being used to give China’s exporters an unfair advantage. (read more)
From CNBC:
[…] Among its major trade partners, China’s August exports to the United States fell 16% year-on-year, slowing sharply from a decline of 6.5% in July. Imports from America slumped 22.4%.
Many analysts expect export growth to slow further in coming months, as evidenced by worsening export orders in both official and private factory surveys. More U.S. tariff measures will take effect on Oct. 1 and Dec. 15.
“China-U.S. trade friction has led to a sharp decline in China’s exports to the United States,” said Steven Zhang, chief economist and head of research at Morgan Stanley Huaxin Securities.
Exports to Europe, South Korea, Australia, and Southeast Asia also worsened on an annual basis, compared with July, while shipments to Japan and Taiwan posted slightly better growth than the previous month.
Sunday’s data also showed China’s imports shrank for the fourth consecutive month since April. Imports dropped 5.6% on-year in August, slightly less than an expected 6.0% fall and unchanged from July’s 5.6% decline. (read more)
TheLastRefuge@TheLastRefuge2This dovetails with the report from Germany about China not ordering any industrial goods. https://twitter.com/yohiobaseball/status/1170764474179117058 …
David ShoelessJoe@yohiobaseball
.@TheLastRefuge2 There’s that word ‘Unexpectedly’
China’s exports fall unexpectedly in August, as trade war continues to slam industrial economy https://www.scmp.com/economy/china-economy/article/3026211/china-export-fall-unexpectedly-august-trade-war-continues …
House Judiciary Committee Chairman Jerry Nadler has announced his intent to proceed with a formal impeachment investigation of President Trump. Ranking member of the committee, Doug Collins, appears on Fox News to discuss the Nadler plan.
Additionally, Rep Collins discusses the return of the legislative branch from their summer recess and the possibilities for the legislative calendar.
It is a metaphor often used to say President Trump’s tweets and media messages are akin to watching a cat chase a red dot controlled by POTUS…. Apparently President Trump also thought it was funny:
Donald J. Trump
✔@realDonaldTrump
Representative John Ratcliffe was/is a key member of the House who has investigated the details of the DOJ and FBI intelligence abuse during the 2016 election. Factually, Ratcliffe is one of only a few high-clearance House members who had seen all of the unredacted and classified documents associated with the DOJ and FBI activity.
Representative Ratcliffe appears for a discussion with Maria Bartiromo and states his confidence that former FBI Deputy Director Andrew McCabe will be indicted for lying to internal investigators. Additionally, and perhaps more interestingly, Ratcliffe outlines how SSCI Chairman Richard Burr working together with Majority leader Mitch McConnell, blocked his nomination to the Office of Director of National Intelligence.
There are always a few interviews and discussion per month that are more important than the general DC banter. This is one of those insightful interviews:
Long before most realized how specifically rigged and corrupt the current political system is, CTH was sharing research -very specific examples- highlighting the origin of the most consequential corruption. Thankfully the election of Donald Trump helped to open many more eyes. People now see what years of ‘Last Refuge‘ discussions were all about.
Years of research indicated the Senate Select Committee on Intelligence (SSCI) was always the epicenter of the DC swamp; where an over-powerful and extra-constitutional group of UniParty senate power brokers gather ‘black files‘ on politicians, lobbyists and government officials for use in leveraging votes, support and changes in behavior for various corporate interests. This intelligence exploitation is worth BILLIONS.
The potential for John Ratcliffe as ODNI to disrupt those long-constructed exploitation(s) of the intelligence apparatus [writ large] is exactly why he was kept out.
The issues are not partisan. There are NO Party alignments in the power structure. The total U.S. Senate chamber is a completely corrupt political entity. It’s not an issue of Democrats or Republicans; within the senate corrupt models there is no party split. The driving force is power… the purpose of the chamber membership is wealth accumulation.
Candidates for Senate spend tens-of-millions on campaigns to get seats that pay $300k/year. On its face it doesn’t make sense…. until you recognize the billions that are paid, earned and distributed on the backside of political construction. Six year terms, means you can sell a lot of influence…. It is a system intentionally designed to do exactly what it is doing.
The Senate then has assignments, groups of individuals that are in place specifically to protect the internal business model of scheme and graft within the Senate. The Judiciary Committee (Graham), and the Intelligence Committee (Burr), are like the law and order mechanisms that protect Senate members from external accountability. A code of Omerta exists over the entire network. Some call this network “The Deep State”.
It doesn’t matter whether the McConnell flag or the Schumer flag adorns the spire; they each protect the entirety of the membership. Every conflict is constructed as a pantomime to stop people from recognizing the UniParty. Watch the outcomes, they’re identical.
The Senate uses intelligence ‘black files’ to corrupt new additions to the network; and they carry out independent intelligence operations designed to generate senate power over all other institutions of government. The senate is far more powerful than the DOJ or FBI… this is primarily how the Senate chamber retains power.
This is why anytime you see a Senator encounter a DOJ/FBI issue; there’s rarely any time when the DOJ or FBI can win the legal confrontation. The Senate is just too powerful as an institution…. Yes, even more powerful than the office of the President.
….The problem for Attorney General Bill Barr is not investigating what we don’t know, but rather navigating through what ‘We The People’ are already aware of…. (more)
White House Director of Trade and Manufacturing Policy Peter Navarro appears on Fox News to discuss the current status of the U.S-China trade discussions and the USMCA.
Ms. Bartiromo points out how U.S. multinationals are holding back further investment in Asia due to ongoing President Trump tariffs. Mr. Navarro points out there is no uncertainty if U.S. companies would invest in Main Street USA.
However, the Wall Street multinationals do not want to give up on their Asian investments and bring U.S. manufacturing jobs back to North America. Hence the conflict between Wall Street/The Big Club and Main Street/President Trump.
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As Navarro noted, the narrative about October talks between the U.S. and China are driven by the collaborative financial interests of Beijing and Wall Street multinationals in an effort to create the image of something that doesn’t exist. Prepare accordingly.
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