Armstrong Economics Blog/Politics
Re-Posted Aug 13, 2019 by Martin Armstrong
Ghislaine Maxwell was more than the alleged protector and procurer of young girls for Jeffrey Epstein as well as his girlfriend based upon allegations. However, she is also the daughter of Robert Maxwell who I believe was a member of “The Club.” Interestingly, Maxwell’s protege was also William Browder who loves to run around claiming he is the number one enemy of Putin. While the prosecutor wants to charge Ghislaine with conspiracy, nobody knows where she is. That alone in today’s world seems unbelievable. Use a credit card or turn on your phone and they have you. You need cash and a burner phone just to start. Then you need fake passports for you to book a ticket in your name and they will be there when you land waiting with open arms.
Epstein grew up in Brooklyn with no money to speak of and never finished college. She is Paris-born, Oxford-educated, a jet-setter who partied with princes and billionaires. They are reporting that Jeffrey Epstine hung himself with his bedsheet in isolation when guards were supposed to check on him every 30 minutes. The Los Angeles Times attributed any doubt to just conspiracy theories. But nobody asks the question: Why was Epstein in the hole?
You are thrown in that dungeon supposedly for disciplinary reasons. Epstein at best should have been there for a few days assuming there was no bed space in population. To be in isolation is rare since they need every bed in MCC and they will often send people to Brooklyn’s MCC when they need more space. Epstein had been in prison before so it would be no dramatic shock. To be thrown in the hole from day-one is typically on the phone call from the prosecutor. The MCC is controlled by the prosecutors when that is supposed to be illegal. But nobody will ever investigate that one. Having him in isolation without another cellmate allows for anything to happen without a witness. Who ordered to put Epstein in solitary confinement?
The fascinating connection her is Ghislaine Maxwell is the daughter of Robert Maxwell who I believe was a member of “The Club” deeply involved with Salomon Brothers and had dealings also with Goldman Sachs. You got it. The official report issued by Britain’s Department of Trade and Industrysaid investment bank Goldman Sachs Group, Inc had “substantial responsibility” for allowing Mr. Maxwell to manipulate the stock market prior to the collapse of his businesses reported the Wall Street Journal back in April 2001.
JPMorgan Chase and Deutsche Bank, which did business with Mr. Epstein, are scouring their books for clues. There also runs a conspiracy theory numbering the deaths of people associated with JPMorgan Chase, not just the Clintons. Questions still surround billionaire Les Wexner, the financier’s most prominent client prior to his first incarceration. Exactly how Mr. Epstein used Mr. Wexner’s wealth to finance his own fortune is not clear. In August 2019, following Epstein’s second incarceration, Wexner addressed the Wexner Foundation by letter, delivering a detailed account of his dealings with Epstein, stating that the former financial advisor had “misappropriated vast sums of money” from Wexner and from his family. Wexner retained services of criminal defense attorney Mary Jo White of Debevoise & Plimpton, who used to be the head prosecutor in Southern District of New York. Why does he need a criminal lawyer who was the head of the New York prosecutors?
Then there is the infamous Epstein’s so-called “little black book,” of 92 pages with names, emails, and phone numbers of people Epstein knew or wanted to know, but in any event, had detailed information about. The list goes on and on includes top people from the entire financial spectrum down the food chain from Goldman Sachs to just low-level billionaires (under $2 bil).
Aside from the fact that they could NEVER allow Epstine to be put on trial with all the connections he had, there is something else beyond the sex scandal. I have explained that there is what I have called “The Club” where a number of players ban together informally to manipulate a particular market. One member will typically take the lead and take the publicity if need be. There were some hedge fund players but mostly bankers and a few big punters.
I also believe one of those in “The Club” was Robert Maxwell (1923-1991), the flamboyant billionaire British publisher, who allegedly drowned after falling off his yacht in the Canary Islands near the northwest coast of Africa. Maxwell’s last words in communication were on November 5, 1991.
Robert Maxwell is Ghislaine Maxwell’s father. The scandal unfolding was the manipulation of the US Treasury auctions back then. Note the date for the Salomon Brothers scandal manipulating the U.S. Treasury Auctions broke August 18, 1991. It was this event that I believe changed the direction of Goldman Sachs. After that scandal where the government was going to shut down Salomon Brothers who was the biggest bond dealer in the USA for manipulating markets, all of a sudden, people from Goldman Sachs started taking posts in government.
Robert Rubin began his career as an attorney at the firm of Cleary, Gottlieb, Steen & Hamilton in New York City which represents many banks in NYC. He joined Goldman Sachs in 1966 as an associate in the risk arbitrage department and became a general partner in 1971. Rubin then joined the management committee in 1980 along with Jon Corzine of MF Global fame. Robert Rubin then became Vice Chairman and Co-Chief Operating Officer from 1987 to 1990. Rubin then served as Co-Chairman and Co-Senior Partner along with Stephen Friedman from 1990 to 1992.
This trading atmosphere of “big swinging dicks” had not learned its lesson from the 1987 Crash. This was the culture instilled by PhiBro from the commodity side of the world. Trader Paul Mozer, who had a 12-year career at the firm coming from Morgan Stanley, allegedly submitted illegal bids for U.S. treasury securities in August of 1990, attempting to corner the market by purchasing more than the 35% share allowed per individual transaction. Yet, what he eventually plead guilty to was based on only two transactions in the five-year notes on February 21, 1991 for $6 billion, which was $2 billion more than the bank was allowed to buy. The plea did not match the events.
Other Salomon employees would later tell the NY Times they were shocked:
“This was not driven by personal gain, if this is true. There’s a game here. And it was a desire to win the game.”
Mozer’s supervisor, John Meriwether who later became a founder and a consultant for Long-Term Capital Management, a hedge fund which collapsed in 1998 forcing the Federal reserve to then bail out a hedge fund. Fed bailout of his hedge fund which had a position of nearly $100 billion. Meriwether, at the time in Salomon, claimed to have chastised Mozer for the manipulation when it came to his attention, but he did not fire Mozer raising serious questions about the trading culture overall inside Salomon Brothers.
Shortly before the Salomon Brothers scandal erupted, Paul W. Mozer must have been aware that the Treasury knew about the trade and there would be ramifications. Before the announcement by Salomon Brothers on August 9th, 1991, Mozer then sold about $1.7 million worth of Salomon stock, which was about 46,000 shares, confirmed by the firm. The government froze the funds for it smelled like insider trading in the real sense.
Within less than two years from the Salomon Brothers manipulation, Robert Rubin took a position in the Clinton Administration. I believe following the Salomon Brothers scandal, Goldman Sachs began to make large political donations. From January 25, 1993, to January 10, 1995, Rubin served in the White House as Assistant to the President for Economic Policy. In that capacity, he directed the National Economic Council, which Bill Clinton created after winning the presidency. Robert Rubinthen became the 70th United States Secretary of the Treasury on January 11, 1995, until he managed to get Glass Stegall repealed. He left the Treasury on July 2, 1999. He was of course followed by Hank Paulson from Goldman Sachs taking the post also of Secretary of the Treasury.
There was the Robert Maxwell (1923–1991) scandal that he had stolen hundreds of millions of pounds from his own companies’ pension funds to save the companies from bankruptcy. However, behind the scenes, there may have been trading losses with “The Club” and again if there had been a trial concerning the missing $700 million+, then all other parties are exposed. A swim in the Atlantic would certainly prevent that from happening.
Maxwell’s investment bankers included Salomon Brothers, confirmed by the NY Times. Eventually, the pension funds were replenished with monies from investment banks Shearson Lehman andGoldman Sachs, as well as the British government. There were complaints before Maxwell died about dealings between his other public company, Maxwell Communications Corp, and Wall Street bankers Goldman Sachs according to The Guardian.
It was 1991 when William Browder went to work for British billionaire Robert Maxwell as his “investment manager”. The BBC called Maxwell “the biggest fraud in British history”. Just how deep into the investment decisions of Maxwell did Browder participate as an investment manager. Interestingly, after Maxwell died, Bill Browder went to work for the notorious Salomon Brothers. Browder was put in charge of the Russian proprietary investments desk at Salomon Brothers.
Salomon Brothers’ historical dependence on proprietary trading and the type of atmosphere of “big swinging dicks” had on bond arbitrage which almost destroyed the firm, thanks to Warren Buffettwho stepped in to run the firm and himself getting involved in the silver manipulation (see Bonfire of the Vanities movie). If Salomon had not been sold in 1997 with the merger of Travelers Group(which owned retail brokerage, Smith Barney), no doubt Salomon Brothers would have collapsed in the 1998 Long-Term Capital Management debacle created by one of their own – John Meriwether.
William Browder left Salomon Brothers and joined with Edmond Safra (1932–1999) founding Hermitage Capital Management in 1996 for the purpose of investing initial seed capital of $25 million in Russia during the period of the mass privatization after the fall of the Soviet Union. Beny Steinmetz, who is an Israeli businessman, with investments in diamond and precious metals mining among other things, was allegedly another of the original investors in Hermitage Capital Management. This was the firm Safra through Dov Schlein solicited me to invest $10 billion.
I believe Safra lost $1 billion in Russia during the 1998 Long-Term Capital Management crisis over Russian bonds and investments which was why he put his bank, Republic National Bank, up for sale to HSBC in 1999. Following the Russian financial crisis of 1998, Browder remained committed to Hermitage’s original mission of investing in Russia, despite significant outflows from the fund. Hermitage became a prominent shareholder in the Russian oil and gas. It was in 1999 when VSMPO-AVISMA Corporation (Russian: ВСМПО-АВИСМА) is the world’s largest titanium producer, filed a RICO lawsuit against Browder and other Avisma investors including Kenneth Dart, alleging they illegally siphoned company assets into offshore accounts and then transferred the funds to U.S. accounts at Barclays. Browder and his co-defendants settled with Avisma in 2000; they sold their Avisma shares as part of the confidential settlement agreement. VSMPO-AVISMA also operated facilities in Ukraine, England, Switzerland, Germany, and the United States. The company produced titanium, aluminum, magnesium and steel alloys and it does a great deal of business with aerospace companies around the world, such as Boeing and Airbus.
In March 2013, HSBC, a bank that serves as the trustee and manager of Hermitage Capital Management, announced that it would end the fund’s operations in Russia. The decision was taken amid two legal cases against Browder: a libel court case in London and a trial in absentia for tax evasion in Moscow. In June 2018, HSBC reached a settlement with the Russian government to pay a £17 million fine to Russian authorities for its part in alleged tax avoidance.
When I met Edmund Safra in Washington, DC at an IMF dinner he put on, he asked me why I was always fighting the trend. I commented that it was a dangerous club to join. I said I do know how to swim, obviously referring to Maxwell. Safra just smiled. Maxwell was presumed to have fallen overboard from his luxury yacht off the Canary Islands, and his body was subsequently found floating in the Atlantic Ocean. He was identified only by his family. The Spanish declined to take a dental impression and his fingerprints on file in London were too old. This prompted speculation that he was still alive, but that did not seem plausible. Maxwell was buried on the Mount of Olives in Jerusalem with great official participation. His cause of death was declared to be an accidental drowning.
Maxwell’s death triggered the collapse of his publishing empire as banks called in loans. Why would they call in loans on a major company unless they knew something was not right? Maxwell’s sons briefly struggled to keep the business together but failed as news emerged that Maxwell had stolen hundreds of millions of pounds from his own companies’ pension funds. That was not to support a lifestyle, that was punting money. The Maxwell companies applied for bankruptcy protection in 1992 with debts of £400 million – $717 million in U.K.-based company pension fund assets are missing from his empire. The DOL joins the probe to see that U.S. affiliates’ $300 million in pension assets are safe. Those funds, I believe, were used as part of the “club” and were lost. Had Maxwell survived and been charged, he may have given up everyone else in the “club” which would never be allowed. In 1995, his two sons,Kevin and Ian, along with two other former directors, went on trial for conspiracy to defraud but were unanimously acquitted by a twelve-man jury in 1996.
Eventually, the pension funds were replenished with money from investment banks Shearson Lehman and Goldman Sachs, as well as the British government. This replenishment was limited and also supported by a surplus in the printers’ fund, which was taken by the government in part payment of £100 million required to support the workers’ state pensions. The rest of the £100 million was waived. Maxwell’s theft of pension funds was therefore partly repaid from public funds. The result was that in general pensioners received about 50% of their company pension entitlement.
Former AAG Matt Whitaker – Epstein’s Custodial Suicide is “Fishy”…
August 12, 2019
Former Acting Attorney General Matt Whitaker appears on Fox News with Lou Dobbs to discuss immigration judges and a unionization ruling. However, when the discussion turned to Jeffrey Epstein, even AAG Whitaker said common sense tells us something about this is “fishy”.
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Apparently the Bureau of prisons moved Epstein from suicide watch to a room with bunk beds and sheets. Then his cellmate was removed. Then the guards stopped watching him. Then he hung himself with the bed sheets… Alone in the room with the bunk beds… when no-one was watching, and no-one noticed.
Oh yeah, and the FBI went to search his rapey island today. 35 days AFTER he was arrested. Three days AFTER the sealed records of his activity was unsealed; and two days AFTER his suicide. What were they waiting for?…
Yeah. “Fishy”!
Federal Judge Completely Rejects DOJ Argument – Orders ‘Archey Declarations’ (Descriptions of Comey Memos) Released…
August 12, 2019
A U.S. District Judge has rejected the DOJ and FBI motion to block the release of the Archey Declarations (descriptions of Comey memos). [Background Here]
In a strongly worded ruling (full pdf below) released moments ago, Federal Judge James Boasberg blasted the DOJ and FBI for attempting to change their filings, claim national security “sources and methods”, and block his prior court ruling – which instructed the DOJ to release the “Archey Declarations”. The judge is obviously angry:
It must strike readers as erroneous “with the force of a five-week-old, unrefrigerated dead fish.”…
[Backstory for those unfamilar] In the background of what was The Mueller Investigation, there was a FOIA case where the FBI was fighting to stop the release of the Comey memos. Within that courtroom fight Mueller’s lead FBI agent David Archey wrote a series of declarations to the court describing the content of the memos and arguing why they should be kept classified.
The FOIA fight shifted; and the plaintiff, CNN, argued for public release of the content of the FBI agent’s descriptions, now known as the “Archey Declarations”.
After a lengthy back-and-forth legal contest, on June 7th Judge James E Boasberg agreed to allow the FBI to keep the Comey memo content hidden, but instructed the DOJ/FBI to release the content of the Archey Declarations. On August 2nd the DOJ/FBI changed their position and claimed national security, “sources and methods” would be compromised by the release of the Archey Declarations.
Today Judge Boasberg completely rejected their argument:
Here’s the ruling:
Must read, it’s a thing of beauty.
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OK, so what does this mean? Well, assuming the DOJ and FBI don’t try to appeal to a higher court…. it means we will get to see the Archey Declarations unredacted. It also means pressure on the inspector general to release the IG report on James Comey.
The issue at hand is tangentially related to the current Inspector General carve-out report, through the aspect of the Comey Memos. We are currently anticipating a report from the OIG related to former FBI Director James Comey, his writing of the memos, and the leaking of some of those memos to the media via his friend Daniel Richman. {LINK}
No-one knows the number of memos that James Comey has written. [We may get that answer in the IG report.] There are nine memos written by James Comey surrounding contact and conversations with President-elect and then President Trump (2016/2017).
However, based on the court declarations by Mueller’s former lead FBI investigator David Archey, it sounds like there are many more memos than anyone currently understands; including memos about the investigation of candidate Trump, that were written during the “Crossfire Hurricane” investigation 2016 and 2017, that describe investigative details, sources, operations and code-names of intelligence assets used in the investigation.
The Comey memos are not just about his contact with Donald Trump as a candidate, president-elect or president. The media keeps downplaying the memos as a few notes taken by the former FBI director, but all of the background information suggest assembled writing is something more akin to a personal diary.
My strongly researched suspicion is that James Comey kept detailed private notes of what was happening during the operation(s) against Donald Trump and his campaign team, both during the campaign and after the election when President Trump took office. Just take a look at how David Archey described the content and you can see those notes, now called memos, were in addition to FD 302 reports being filed by FBI officials.
Why James Comey would keep detailed notes beyond what was being officially recorded in the FBI 302 reports is likely a question to be answered within the pending inspector general report. There’s a lot of sketchy non-transparent stuff going on amid all of this….
This is an example of redacted information in the Archey Declarations that Judge Boasberg had ruled must be released with the redactions removed. This what the DOJ and FBI are working to stop from being released to the public:
You can read the Archey Declarations, as they are included as exhibits in prior rulings, below:
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The United States Department of Justice Civil Division, Federal Programs Branch, is fighting this court ordered release. The DOJ Assistant Attorney General for the Civil Division is Jody Hunt. That name might be familiar to you because Jody Hunt was Jeff Sessions former chief-of-staff.
We previously anticipated Jody Hunt being involved with this current case; the DOJ and FBI attempt to block release of the memos and declarations. However, we have recently been informed that Jody Hunt was recused from the case by DOJ lawyers during the time when the Mueller investigation was ongoing.
According to the latest information we can gather, DOJ Asst. Attorney James Burnham replaced Jody Hunt for all oversight issues in this court battle.
Brexit Presents Unique Trade Opportunity for U.S. and U.K. Economic Alliance….
August 12, 2019
First rule in geopolitics, it’s always about the economics. Second rule in geopolitics: refer to rule #1. Understanding this basic truism is the key to understand how President Trump is able to be so effective. There are trillions at stake, and infinite interests.
“Economic security is national security.” ~President Trump
All politics circles back to the underlying economics; whether it is an individual financial self-interest for a specific politician, or whether it is a larger financial interest for a group or even a nation. Everything is always about the money, and that essential truth is why Donald Trump is so uniquely qualified, influential and stunningly effective. Today:
(VIA CBC) The United States would “enthusiastically” support a no-deal Brexit if that is what the British government decided to do, U.S. national security adviser John Bolton told reporters on Monday.
[…] As the United Kingdom prepares to leave the European Union on Oct. 31, its biggest geopolitical shift since the Second World War, many diplomats expect London to become increasingly reliant on the United States.
“If that’s the decision of the British government we will support it enthusiastically, and that’s what I’m trying to convey. We’re with you, we’re with you,” said Bolton, in London for two days of talks with British officials. The U.S. administration is seeking an improved U.S.-British relationship with Prime Minister Boris Johnson after sometimes tense ties between Donald Trump and Johnson’s predecessor, Theresa May.
A central message Bolton was making is that the United States will help cushion Britain’s exit from the EU with a free trade agreement that is being negotiated by U.S. Trade Representative Robert Lighthizer and his British counterpart, Liz Truss. (read more)
Also today from New Jersey:
Notice how President Trump doesn’t rely on John Bolton to deliver his message. President Trump builds inherent checks into the process when others deliver his messages about economic deals, strategies and trade proposals. Classic CEO Executive Trump.
It is not that President Trump doesn’t trust Bolton, but rather Trump understands a difference in political priority exists. Donald Trump isn’t a politician, he’s working through a plan for what he views (we agree) is bigger than any ideological aspects.
The economics of all things is the priority for President Trump…. step into that lane, or bring forth a policy directive that crosses into that economic lane, and you step into an administration agenda item completely controlled and directed by Donald Trump.
Every policy engagement from the big to the small goes through the prism of economics first and last. Essentially this is the foundation of the Trump doctrine. Brexit, Huawei, Iran, the larger EU etc. all cross paths with President Trump’s primary focus, U.S. economic wealth, influence and security.
Donald Trump isn’t leaving anything to chance or misinterpretation…. He’s full bore economic Obsessive Compulsive! …And unapologetic about it.
President Trump has single-handily, and purposefully, stalled the global economy and is forcing massive amounts of wealth back into the United States. In essence Titan Trump is engaged in a process of: (a) repatriating wealth (trade policy); (b) blocking exfiltration (main street policy); (c) creating new and modern economic alliances based on reciprocity; and (d) dismantling the post WWII Marshall plan for global trade and one-way tariffs.
Every minute element within this process, no matter how seemingly small, has President Trump’s full attention. He has assignments to many, but he relies upon none.
(Reuters) – The United States overtook Germany as the biggest supplier of imports into Britain for the first time since the early 2000s in the last financial year, the UK government said on Friday.
British trade minister Liz Truss has said the United States tops her priority list for post-Brexit trade deals and has been in Washington this week, along with Foreign Secretary Dominic Raab, to promote UK-US ties.
Imports from the United States increased by 14% to 78.27 billion pounds ($94.43 billion) in the year to April, the Department for Trade said, while imports from Germany fell by 0.1% to 78.26 billion pounds.
While Germany has long been Britain’s biggest source of imports, the United States was already Britain’s largest export market, with exports reaching a record high of 121.6 billion pounds in the last financial year.
“Now that the U.S. is our largest market for both exports and imports, there has never been a better time for us to make the most of this golden opportunity and deliver a free trade agreement with the US,” Truss said in a statement. (more)
Trump Administration Enforces Immigration “Public Charge” Laws – Green Cards Dependent on Self Sufficiency…
August 12, 2019
The White House has announced the Trump administration will enforce long-standing immigration laws that require entrants to be economically self-sufficient and limits public welfare benefits. An entry alien who is -or becomes- dependent on public welfare assistance, is known as a “public charge”. Aliens will be barred from entering the United States if they are deemed likely to become public charges, or welfare dependent.
These immigration rules have been in place for over 100 years, and generally were strictly enforced until the last 25 years. The Trump administration is re-enforcing the rules.
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The enforcement action will have a direct bearing on the current immigration process as most border arrivals are economic migrants manipulating asylum claims. Immigration based on self-sufficiency has been U.S. law for generations.
[White House] – The Trump Administration is taking action to help ensure that non-citizens in this country are self-sufficient and not a strain on public resources.
* The Trump Administration is releasing a final rule that will protect American taxpayers, preserve our social safety net for vulnerable Americans, and uphold the rule of law.
* This action will help ensure that if aliens want to enter or remain in the United States they must support themselves, and not rely on public benefits.
* An alien who receives public benefits above a certain threshold is known as a “public charge.”
- Aliens will be barred from entering the United States if they are found likely to become public charges.
- Aliens in the United States who are found likely to become public charges will also be barred from adjusting their
immigration status.
* President Trump is enforcing this longstanding law to prevent aliens from depending on public benefit programs.
- The Immigration and Nationality Act makes clear that those seeking to come to the United States cannot be a public charge.
* For many years, this clear legal requirement went largely unenforced, imposing vast burdens on American taxpayers. Now, public charge law will finally be utilized.
ENCOURAGING SELF-SUFFICIENCY: Self-sufficiency has long been a basic principle of our Nation’s immigration laws that has enjoyed widespread support.
* Public charge has been a part of United States immigration law for more than 100 years as a ground of inadmissibility.
* Congress passed and President Bill Clinton signed two bipartisan bills in 1996 to help stop aliens from exploiting public benefits.
- This included the Personal Responsibility and Work Opportunity Reconciliation Act and the Illegal Immigration Reform and Immigrant Responsibility Act.
- As Congress made clear at the time, it is our national policy that aliens should “not depend on public resources to meet their needs.”
* Americans widely agree that individuals coming to our country should be self-sufficient, with 73 percent in favor of requiring immigrants to be able to support themselves financially.
PRESERVING THE SOCIAL SAFETY NET: We must ensure that non-citizens do not abuse our public benefit programs and jeopardize the social safety net needed by vulnerable Americans.
* Large numbers of non-citizens and their families have taken advantage of our generous public benefits, limited resources that could otherwise go to vulnerable Americans.
* 78 percent of households headed by a non-citizen with no more than a high school education use at least one welfare program.
* 58 percent of all households headed by a non-citizen use at least one welfare program.
* Half of all non-citizen headed households include at least one person who uses Medicaid. (White House Link)
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Canadian Economy Loses 69,300 Private Sector Jobs in July – Unemployment Rate Increased to 5.7%…
August 11, 2019
After reviewing the unexpected resignation of Canadian Ambassador to the United States, David MacNaughton, several aspects of the U.S-Canada economic relationship; and the larger political ideological relationship between the far-left in both countries; begins to take a sharper focus.
Justin from Canada has acquiesced to the influence of democrat Speaker of the House Nancy Pelosi, and agreed to postpone any USMCA ratification vote in Parliament until Pelosi gives Justin her approval. For political purposes, Speaker Pelosi is attempting to stall the USMCA vote in congress, which directly supports China, as long as possible.
When we first reviewed this political quid-pro-quo, we wondered if Justin from Canada was actually willing to hurt his own economy just to assist the political efforts of U.S. democrats. Unfortunately, the answer is a resounding yes.
OTTAWA—Canada’s unemployment rate rose in July as the economy unexpectedly shed jobs for a second straight month, fueling speculation over a possible Bank of Canada rate cut later this year.
The Canadian economy lost a net 24,200 jobs in July on a seasonally adjusted basis, Statistics Canada said Friday. Market expectations were for a net job increase of 12,500.
Canada’s jobless rate rose to 5.7% in July, up from 5.5% in the previous month. Market expectations were for the jobless rate to remain unchanged at 5.5%
[…] The July jobs report showed the number of part-time jobs declined by 12,600 in July and full-time positions fell by 11,600. The private sector dropped 69,300 jobs, while the public sector added 17,500. (read more)
In relative terms based on the scale of the economy, the loss of 69,300 Canadian private sector jobs, is the equivalent of 700,000 private sector jobs being lost in the United States in a single month. The scale of the negative economic impact from Justin’s politically motivated economic decision-making is simply stunning.
Meanwhile the growth in both jobs and blue collar wealth/wages amid Main Street USA is booming. In the same month Canada lost 24,000 jobs, the U.S. gained 164,000 jobs.
Flashback 2017:
The May 1–7, 2017, issue of Bloomberg Businessweek — featuring a picture of Trudeau headlined “The Anti-Trump” — caught President Trump’s attention, according to 4 sources with direct knowledge. Trump tore the cover off the magazine and wrote on it, in silver Sharpie, something to the effect of “Looking good! Hope it’s not true!” according to these sources. (read more)
In the opaque background of this dynamic, the fingerprints remain visible.
Sunday Talks: Steve Bannon Extensive Interview With Maria Bartiromo…
August 11, 2019
Former White House chief strategist Steve Bannon appears on Fox News with Maria Bartiromo for a wide-ranging discussion on current political and geopolitical events.
Topics include the U.S-Mexico border security and immigration; the 2020 democrat candidates (announced and unannounced); the bigger geopolitical issues behind the U.S-China trade conflict; Joe and Hunter Biden’s direct financial relationship to the Chinese communist government; the USMCA trade agreement; Trump’s leverage to increase an EU free economic alliance against China; and radical action by dems.
AG Bill Barr’s Other Problem – The 2018 DOJ and FBI Coverup To Protect The Senate Intelligence Committee…
August 11, 2019
In the first part of this research into the Senate Select Committee on Intelligence (SSCI) we outlined how the committee was engaged in the 2017 effort –with specific evidence of communication– to support Robert Mueller and the ‘soft coup‘ team. [See Here] When you understand what the group was doing in early 2017, you understand why the FBI had to use DOJ official Bruce Ohr as a go-between to contact with Chris Steele.
Now we move on to overlay several data-points that happened throughout 2018 that are connected to a much more troubling part of the overall issues. In 2018 the DOJ and FBI covered-up the corruption evident during the 2017 pre-Mueller effort.
The problem for Attorney General Bill Barr is not only investigating what we don’t know, but rather navigating through what ‘We The People’ are already aware of…. A branch of the United States government (Legislative) was attempting a coup against the leader of another branch of government (Executive); by using the Senate Intelligence Committee and designated corrupt agents within the executive branch cabinet.
This 2017 and 2018 time period covers Robert Mueller as Special Counsel, Jeff Sessions as AG, Rod Rosenstein as Deputy, Chris Wray as FBI Director, David Bowditch as Deputy and Dana Boente as FBI legal counsel. I’ll lay out the evidence, you can then determine who was powerful enough to have made these decisions.
As a result of a FOIA release in Mid December 2018, Judicial Watch revealed how the State Department was feeding “classified information” to multiple U.S. Senators on the Senate Intelligence Committee by the Obama administration immediately prior to President Donald Trump’s inauguration:
The documents reveal that among those receiving the classified documents were Sen. Mark Warner (D-VA), Sen. Ben Cardin (D-MD), and Sen. Robert Corker (R-TN).
Judicial Watch obtained the documents through a June 2018 Freedom of Information Act (FOIA) lawsuit filed against the State Department after it failed to respond to a February 2018 request seeking records of the Obama State Department’s last-minute efforts to share classified information about Russia election interference issues with Democratic Senator Ben Cardin (Judicial Watch v. U.S. Department of State (No. 1:18-cv-01381)).
The documents reveal the Obama State Department urgently gathering classified Russia investigation information and disseminating it to members of Congress within hours of Donald Trump taking office. (read more)
The impeachment program was a plan, an insurance policy of sorts; a coordinated effort between corrupt politicians in the Senate and hold-over allies in the executive; however, because she didn’t want to participate in this – Senator Dianne Feinstein abdicated her vice-chair position to Senator Mark Warner. [Background Here]
This is the pre-cursor to utilizing Robert Mueller. A plan that was developed soon after the 2016 election. The appointment of a special counsel was always the way they were going to hand-off and continue the investigation into Trump; but they needed a reason for it.
The continued exploitation of the Steele Dossier was critical; thus they needed Chris Steele to be solid. And the continued manipulation of the media was also critical; thus they needed Fusion-GPS to continue. [Dan Jones paid both]
While Mark Warner was communicating with Adam Waldman and Dan Jones as a conduit to Chris Steele, the FBI/DOJ team was communicating through Bruce Ohr to Chris Steele (and by extension to Nellie Ohr and Fusion GPS).
Part of Warner’s role was to weaponize the Legislative branch to advance the ‘Muh Russia conspiracy’, a fundamental necessity if a special counsel was going to have justification.
The SSCI, and the security protocols within it, were structurally part of the plan; hence the rapid information from Obama’s State Dept. to the SSCI and Senate participants in the last moments prior to departing.
♦ On March 17th, 2017, the Senate Intelligence Committee took custody of the FISA application used against Carter Page. We know the FISA court delivered the read and return Top-Secret Classified application due to the clerk stamp of March 17, 2017.
The FISA application (original and first renewal) was delivered to Senate Security Director James Wolfe. Senator Mark Warner entered the basement SCIF shortly after 4:00pm on March 17, 2017, the day it was delivered (texts between Warner and Waldman):
Now, when SSCI Security Officer James Wolfe was indicted (unsealed June ’18), we could see the importance of the March 17th date again:
We can tell from the description within the indictment FBI investigators are describing the FISA application. Additionally Wolfe exchanged 82 text messages with his reporter/girlfriend Ali Watkins. The FISA application is 83 pages with one blank page.
The logical conclusion was that Wolfe text Ali Watkins 82 pictures of the application.
FBI Investigators applied for, and received a search warrant for the phone records of journalist Ali Watkins. Ms. Watkins was notified in February 2018, three months after Wolfe was questioned by FBI investigators in December 2017.
However, despite the overwhelming (public) circumstantial evidence that Wolfe leaked the FISA application, he was never charged with leaking classified information. Wolfe was only charged with lying three times to federal authorities, and he pled down to one count of lying to the FBI.
CTH made the case in mid 2018 that someone at the DOJ had influenced a decision not to charge Wolfe with the leaking of the FISA application; despite the FBI and DOJ having direct evidence of Wolfe leaking classified information.
The logical reason for the DOJ not to charge Wolfe with the FISA leak was because that charge could ensnare a Senator on the powerful committee, likely Mark Warner.
Remember, the SSCI has intelligence oversight of the DOJ, DOJ-NSD, FBI and all associated counterintelligence operations. Additionally, when the FBI was investigating Wolfe for leaking classified documents, according to their court filings they had to inform the committee of the risk Wolfe represented. Who did they have to inform?.. Chairman Burr and Vice-Chair Warner.
D’oh. Think about it. A gang-of-eight member (Warner), who happened -as a consequence of the jaw dropping implications- to be one of only two SSCI members who was warned by the FBI that Wolfe was compromised…. and he’s the co-conspirator. The ramifications cannot be overstated. Such a criminal charge would be a hot mess.
Thus, the perfect alignment of interests for a dropped charge and DC cover-up.
Then, in an act of serendipity, James Wolfe himself bolstered that suspicion when he threatened to subpoena members of the SSCI as part of his defense. [See Here]
[…] Attorneys for James A. Wolfe sent letters to all 15 senators on the committee, notifying them that their testimony may be sought as part of Mr. Wolfe’s defense, according to two people familiar with the matter.
[…] Mr. Wolfe’s defense lawyers are considering calling the senators as part of the proceedings for a variety of reasons, including as potential character witnesses and to rebut some of the allegations made by the government in the criminal complaint, these people say. (link)
Immediately after threatening to subpoena the SSCI (July 27, 2018), the DOJ cut a deal with Wolfe and dropped the charges down to a single charge of lying to investigators. However, someone doing the investigative legwork wasn’t happy with that decision.
Our overwhelming CTH circumstantial evidence that Wolfe leaked the FISA application went from a strong suspicion, to damn certain (after the plea deal) when the DOJ included a sentencing motion in mid-December 2018.
On December 15th, 2018 the DOJ filed a response to the Wolfe defense teams’ own sentencing memo (full pdf), and within the DOJ response they included an exhibit (#13) written by the FBI [redacted] special agent in charge, which specifically says: “because of the known disclosure of classified information, the FISA application”… Thereby admitting, albeit post-plea agreement, that Wolfe did indeed leak the damn FISA:
Right there, in that FBI Special Agent description is the bombshell admission that James Wolfe leaked the Carter Page FISA application to his concubine Ali Watkins at Buzzfeed.
We know the special agent who wrote exhibit #13 in the December filing was Special Agent Brian Dugan, Asst. Special Agent in Charge, Washington Field Office. The same investigator who originally signed the affidavit in the original indictment.
So with hindsight there was absolutely no doubt that James Wolfe leaked the 83-page Carter Page FISA application on March 17, 2017. Period. It’s all documented with circumstantial and direct evidence; including the admissions from the FBI agent in charge.
So, why was James Wolfe allowed to plea to a single count of lying to investigators?
Back to where this started….
A branch of the United States government (Legislative) was attempting a coup against the leader of another branch of government (Executive); by using planted and designated corrupt agents within the cabinet…
Now do you see why I say: 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….
