Rudy Giuliani went to Ukraine and reported back to the president. He has plenty of evidence in hand, and it’s obvious to anyone with a brain—Creepy Joe Biden is corrupt to the marrow.
Biden’s son, Hunter, landed a $50,000 per month position with Barisma, a corrupt Ukrainian gas company. Even though Hunter’s experience amounts to nothing more than sniffing cocaine and impregnating stripper club girls, he was appointed to the board of a company to which had zero experience.
It’s graft, folks. You know it, I know it, Trump knows it, and soon everyone will know it. It’s why the Democrats want to impeach Trump. They know it runs deeper than Biden. Too many Democrats dipped into the corruption trough made possible under Obama. The Democrats are rotten to the core, and that’s why the impeachment procedure is happening. It’s their last, dying gasp to stop people from seeing just how swampily rotten they truly are.
U.S. Trade Representative Robert Lighthizer has released a two-page summary fact sheet [pdf link here] outlining the “Phase-One” agreement in principal. From research into the material the principal agreement appears to be an 86-page document covering nine chapters. The fact sheet covers the top lines of seven chapters:
For undisclosed reasons (we can guess, but probably shouldn’t on this one) the 86-page agreement is unlikely to be made public until after the USMCA completes the ratification process in congress (both chambers).
Given the politics in China, and Beijing’s position following the U.S. resolution vis-a-vis Hong Kong, it is doubtful there will be a high level signing ceremony. Chairman Xi would appear weak internally as dominant President Trump would be seen as digging Eagle claws into vulnerable dragon. Vice-Premier Liu He and USTR Lighthizer are likely to be visible faces.
It remains in President Trump’s strategic interests for Beijing to refuse being committed to granular specifics. In a very unusual way ‘uncertainty‘ actually works in favor of the U.S. objective within this trade dynamic as future investment in China will be tenuous without those specifics. An unstable ‘status quo’ is an advantage to Trump.
Because President Trump has flipped the leverage dynamic; and because hundreds of manufacturers are seeking alternatives to the risk China represents; the historic cunning and duplicity -China’s forte’- that creates distrust, actually works in favor of the U.S.
While many multinational investor interests will be watching, waiting, to see if China will (for the first time) live up to their words, President Trump will be providing alternatives and incentives…. while highlighting stability in North America.
The stock market responded exactly as would be expected on Friday to the announcement of the ‘phase-one’ agreement in principal… the market didn’t buy it, because everything remains tenuous at best. This is an indication the multinationals would/will be more likely to follow the alternatives the USMCA provides.
The Wall Street multinationals not responding favorably is a very good sign. This predicts an ongoing decoupling, which is exactly President Trump’s goal.
It really is remarkable. No-one else could have pulled this off.
Two years ago the Democrats were saying President Trump was being too hard on China… too disruptive to the world economy… Now those same Democrats say he’s not being hard enough; without realizing that’s exactly what President Trump wants them to say…
You gotta laugh.
Two years ago the Wall Street financial pundits were apoplectic, demanding President Trump resolve the China issue so they could get back to business…. President Trump now provides a resolution and those same financial voices are saying: meh, no thanks; we’ll wait to see what better stuff you’ve got planned; North America looks pretty good.
Too darned funny.
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President Trump, Secretary Ross, Secretary Mnuchin and especially Robert Lighthizer will likely never get the full credit they deserve… but hey, then again, tell me the last time you knew the name of the United States Trade Ambassador?
Deep and compelling discussion between Victor Davis Hanson and Epoch Times’ Jan Jekielek about President Trump, his effectiveness, and an overall era of apoplexy amid the left as President Trump deconstructs the progressive agenda.
It’s an hour long interview that goes into a much more complex discussion; but it’s also well presented, explained and well worth the time to watch:
Today President Trump attended the Army Navy game at Lincoln Field in Philadelphia. The Commander-in-Chief visited both teams in their locker room prior to the start of the game.
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The stadium erupted with applause during the introduction and coin toss (video below); and then an act of serendipity or planning? (I think planning)…. at the conclusion of the coin toss, when POTUS was leaving the field, the stadium played The Rocky theme.
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PHILADELPHIA – President Donald Trump participated in the coin toss at the 120th Army-Navy football game at Lincoln Financial Field to a round of applause from the crowd Saturday.
The president stood on the field with representatives from both service academies during the national anthem and then walked to midfield, waving at supporters on his way. Trump stood on the Navy sideline, wearing his red cap, as the team ran onto the field before kickoff.
Trump walked out to midfield for the coin toss, with security personnel roping off the area. Trump was introduced to a round of applause from the crowd and tossed the coin.
Navy called tails and won the toss.
The president watched the first half from the Army side with Defense Secretary Mark Esper and other military leaders, according to the official pool report.
Trump crossed over to the Navy side at halftime. Some audience members chanted, “Commander in chief” and “Trump we love you” was also heard. A couple dozen people in uniform chanted, “Four more years!” (read more)
Likely the Navy side was extra happy this year with the strength of support President Trump has given the SEALs.
Even though it’s Philly where they play it all the time; playing the Rocky theme while POTUS was on field was cool.
Visit The Patriot Post: America’s News Digest http://bit.ly/2MUKjda —– Time magazine dubs Swedish teen climate activist Greta Thunberg as the 2019 person of the year, but Bill Whittle has his own nominee — a humanitarian and environmentalist who actually did something. Here’s why the editors of Time should have picked President Donald Trump, and why they never can. Bill Whittle Now with Scott Ott comes to you 20 times each month thanks to our Members. – Become a Member: https://BillWhittle.com/register/ – Support us on Patreon: https://www.patreon.com/billwhittle – Listen to our shows on the go with your podcast app: http://bit.ly/BWN-Podcasts – Watch us now on Amazon’s Fire TV by downloading the Bill Whittle Network app. http://bit.ly/BWN-FireTV – Ask your Amazon smart device, “Alexa, play Bill Whittle Network on TuneIn radio.” – We’re on Bitchute too: http://bit.ly/BWN-Bitchute
Visit our friends at The Patriot Post: America’s News Digest http://bit.ly/2qc2BOt —– Democrats are in a pickle for 2020, as the Labor Department reports a 6th straight month of record job growth, and a 50-year low in unemployment. How can they compete with this economic juggernaut. Quick, impeach Trump! Bill Whittle Now with Scott Ott comes to you 20 times each month thanks to our Members. You can become one of them to advance these messages at https://BillWhittle.com/register/ – Support us on Patreon: https://www.patreon.com/billwhittle – Listen to our shows on the go with your podcast app: http://bit.ly/BWN-Podcasts – Watch us now on Amazon’s Fire TV by downloading the Bill Whittle Network app. http://bit.ly/BWN-FireTV – Ask your Amazon smart device, “Alexa, play Bill Whittle Network on TuneIn radio.” – We’re on Bitchute too: http://bit.ly/BWN-Bitchute
The unannounced meeting between the Fed and Trump was a briefing on the Repo Crisis BECAUSEthe real crisis cannot be discussed publicly. I have not been getting much sleep lately. This is a very serious crisis and all the BS on TV of these pretend analysts giving their two cents is really amazing. They are making up stuff and speculating because they have no idea how the global economy truly functions and they do not advise institutions. They do not understand the risks for year-end and calling this QE proves they do not understand what is taking place.
There are too many people trying to sound authoritative when they are clueless. Yet they seem to have to say something to pretend they know what is going on when all they are doing is creating confusion. We have more institutional clients around the globe on every side than anyone would imagine. We are in the front row with real live clients in the middle of this issue.
I appreciate the severity of this crisis. Requests to attend board meetings I have only been available by phone. I simply cannot fly all over the place. I really wish I could just come out and spill the beans, but this situation is too critical at this point and I fear that if someone does not blink here, we are headed into a global political contagion.
This is why a deal had to be tentatively arranged with China on trade. There are politicians out of the loop and this whole thing which is way too far above their heads to even grasp an understanding.
QUESTION #1: Would you comment on Zoltan Pozsar of Credit Suisse calling this QE4 for year-end.
QUESTION #2: Martin,
You said that the Fed didn’t raise rates a few days ago because the Repo crisis won’t let them. Interestingly, Trump hasn’t blasted Fed chairman Powell for not lowering rates more over the past few weeks. Do you think Trump is aware that the Fed can’t lower and that’s why he’s hasn’t attacked Powell lately on Twitter? Perhaps Powell told Trump the Repo situation in their Nov. 18th unannounced meeting.
Jack
ANSWER: I do not know if Pozsar is being too caviler with his comments or if he’s deliberately trying to spread disinformation. This is by no means a “fourth version of quantitative easing” when the US economy remains strong and the Fed has acknowledged that fact. It does seem to me that he is trying to deflect people from looking at Europe and pointing his finger at the Fed. The Fed is compelled to be the man in the middle because banks have withdrawn from lending to banks because they do not know who has the risk with Europe. The US Treasury stated it is investigating the over-regulation by the BIS, which has impacted the repo market. The Fed is trying to control short-term rates and this has NOTHING to do with “stimulating” the economy. The BIS has impacted the regulation with Basel III, which the BIS will not accept responsibility.
Calling this Repo Crisis QE is up there with calling Trump a racist because of his wall. Yet, Mexican is not a “race” any more than being American, German, Greek, Italian, Spanish, or British. The term is ethnicity, not race. This is not Quantitative Easing, which is lowering interest rates and stimulating the economy. The Fed is trying to prevent short-term rates from rising because there is a liquidity crisis created by banks refusing to participate in the repo market.
The suggestion that the Fed will have to move to long-term bonds fails to understand what is taking place. I cannot imagine that any banker would make such a statement. They either do not know what the repo market is or they are trying to create disinformation to protect Europe. This is very curious.
I believe the White House has been briefed on the crisis and it has also impacted the China trade negotiations.
As we expected the Supreme Court has granted the petition for a writ of certiorari and will hear cases related to attempts to gain President Trump financial records and tax filings.
The Supreme Court has issued a stay upon all lower court action and consolidated the cases into one writ. The court will hear arguments in March and release a ruling later in the summer of 2020.
President Trump went to the Supreme Court after the House Financial Services and Intelligence Committees issued subpoenas to Deutsche Bank and Capital One seeking President Trump’s tax records. In his request to the court [Read Here] Trump asked SCOTUS to block the subpoenas on the ground they go beyond the committees’ powers.
Justice Ginsburg stayed the lower court decision and ordered the House of Representatives to file a response by Wednesday, December 11. The cases and issues were then discussed at their private SCOTUS conference. Today’s writ is the outcome.
The underlying House case has several defects.
Attorney Ristvan previously provided a good encapsulation of the problems for the House that explains why President Trump could likely win the case:
House Oversight is one of three committees that 26USC§6103(f) requires the IRS to turn over individual returns “upon request”.
They requested (PDJT taxes for 6 years 2013-2018) long before Pelosi announced her impeachment inquiry, way before the House vote on same, to which Pelosi said Sunday, (paraphrased) “We haven’t decided to impeach. We are only inquiring about it.”
The ‘upon request’ is not as absolute as it seems. The request must still be predicated on a legitimate legislative purpose. SCOTUS has held (I skip the rulings, since previously commented on here many months ago) that there are only two valid purposes, both constrained to legislative powers expressly granted by A1§8.
1. An inquiry into making, repealing, or amending an A1§8 law.
2. Oversight of executive administration of an existing law.
With respect to (1), a legitimate legislative purpose would be reviewing real estate tax law for possible changes. BUT then, the request should have come from Ways and Means (Neal) where tax laws originate. AND, it should have included requests for tax returns from other big real estate developers also. Singling out only PDJT is a fatal defect to this purpose.
With respect to (2), after Nixon/Agnew the tax code was amended to require a special IRS audit of annual POTUS and VPOTUS returns, with the results held in the National Archive. Reviewing those special audits by IRS would be a proper Oversight and Reform legislative purpose, BUT ONLY for 2017-2018 after PDJT was inaugurated. The earlier 4 years demanded are a fatal defect to this purpose.
Both these valid points were raised by President Trump and were already on their way to SCOTUS. Now the committee is trying to ‘cure’ these fatal request defects by claiming the returns are necessary for impeachment. This raises four new issues where PDJT can also win.
1. Impeachment is not a legislative purpose within A1§8.
2. Articles of Impeachment have historically been the the province of Judiciary, NOT Oversight.
3. The demand was made BEFORE the impeachment inquiry unofficially started and cannot be retrospectively cured.
4. No tax ‘high crimes of misdemeanors’ have even been alleged. Impeachment fishing expeditions are unconstitutional.
IMO this case has the potential to set a major constitutional precedent about POTUS harassment via political impeachment. The constitutional convention minutes and Federalist #65 both make it clear why ‘maladministration’ (the original third test after treason and bribery, and which WOULD allow for political impeachment) was replaced by ‘High Crimes and Misdemeanors’. The phrase was borrowed from prior British law, has a specific set of meanings, and DOES NOT allow political impeachment. (link)
The quest for President Trump’s financial records is essentially a legislative fishing expedition in an attempt to gain opposition research for their Democrat candidate in the 2020 election.
It is exactly as we thought it would be. There are multiple interests, nuances in details, a completely overlooked big picture, and the financial pundits are flummoxed.
CTH has followed the granular details over several years. In advance of a “phase one” announcement we noted a necessary paradigm shift needed to understand most of the dynamics at play [SEE HERE]. It is all going according to a very visible plan. President Trump tweets:
China has agreed to a $40 billion agricultural purchase from the U.S. In exchange for that purchase President Trump will be maintaining the full 25 percent tariffs on approximately $250 billion of Chinese imports and reducing to 7.5 percent the tariffs on approximately $120 billion of Chinese imports (round two). [Those were 15% prior to reduction]
The net difference (dropping 15% to 7.5%) is around $9 billion in tariff relief. Additionally, the U.S. is “suspending” the December 15th tariffs pending compliance verification with the non-tariff issues and China pledges.
Beijing has agreed to allow U.S. banks access to their financial markets, reform their behavior on IP theft, stop the forced transfer of technology and, according to their *promises*, allow exclusive ownership of U.S. businesses within China. These are the non-tariff issues. However, these are *promises*, and Trump/Lighthizer are well aware Beijing lies as a competitive strategy. Hence, the tariff hammer remains.
This is where the U.S. reviewer paradigm shift is needed. Remember: “There is no actual intent to reach a trade deal with China where the U.S. drops the tariffs and returns to holding hands with a happy panda playing by new rules. This fictional narrative is a figment of fantasy being sold by a financial media that cannot fathom a U.S. President would be so bold as to just walk away from China.”
President Trump doesn’t necessarily want China to comply with Western perspectives on free, fair and reciprocal trade. He doesn’t want it not to suck doing business in China. The goal of decoupling the U.S. from China is easier if U.S. companies are abused by China. In the bigger picture President Trump wants the U.S. companies to leave.
The decoupling is already underway, and President Trump is creating new supply chains and manufacturing opportunities within the USMCA. Business reform in China actually works against these objectives.
Based on history China won’t reform, Trump knows that, and everything over the past three years has been a set of parallel objectives. Provide Beijing the opportunity to reform and stop their manipulative practices… BUT plan for them to do nothing.
USTR Robert Lightizer outlines their promise:
Washington, DC – The United States and China have reached an historic and enforceable agreement on a Phase One trade deal that requires structural reforms and other changes to China’s economic and trade regime in the areas of intellectual property, technology transfer, agriculture, financial services, and currency and foreign exchange.
The Phase One agreement also includes a commitment by China that it will make substantial additional purchases of U.S. goods and services in the coming years. Importantly, the agreement establishes a strong dispute resolution system that ensures prompt and effective implementation and enforcement. The United States has agreed to modify its Section 301 tariff actions in a significant way.
The United States first imposed tariffs on imports from China based on the findings of the Section 301 investigation on China’s acts, policies, and practices related to technology transfer, intellectual property, and innovation. The United States will be maintaining 25 percent tariffs on approximately $250 billion of Chinese imports, along with 7.5 percent tariffs on approximately $120 billion of Chinese imports. (read more)
Beijing has promised changes to intellectual property, technology transfer, agriculture, financial services, currency and foreign exchange. Additionally, Beijing has pledged a $40 billion agriculture purchase.
In exchange President Trump is willing to give up $9 billion in tariffs (15% lowered to 7.5%) and suspend further tariffs pending verification of the Beijing promises.
That’s it.
Economically in the deal, President Trump gains a net $40 billion for U.S. farmers; and gives up $9 billion in tariffs. From that point everything, including any other possible trade agreement (phase 2, 3 etc.), is contingent on Beijing complying with their promises.
SUMMARY: Tariffs and decoupling will continue; exactly as expected:
The U.S. and China have reached a preliminary agreement in their long-running trade war, President Trump and China Vice Minister of Commerce Wang Shouwen said in separate statements.
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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
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