The Job Openings and Labor Turnover Summary, aka “JOLTS report“, lags behind monthly employment reports by a month as the ‘hires‘ and ‘quits‘ are contrast against available job openings.
In the latest JOLTS report we find evidence why the May employment numbers were less than expected. The data shows the economy is expanding; businesses are hiring; and the reason for lower new hires has nothing to do with an economic slow-down. In essence, the labor market is tight, very tight, and Main Street businesses are having a hard time finding qualified workers.
According to the BLS stats overall job hiring in April was 5.9 million. That’s the largest number of people hired in the history of the JOLTS record-keeping (started in 2000). There are 7.45 million current job openings and only 5.82 million workers identified as unemployed. That means there are 1.63 million more jobs than available workers.
This is a clear indication expanding economic conditions and a near ‘full-employment‘ position for the overall labor market. Additionally the quits rate is 2.3 percent, reflecting that workers are: (a) being recruited away from current employment to jump to other businesses; and (b) worker are confident about getting a job, and jumping into new jobs for higher wages/benefits. As a result, the strong ‘quits’ rate has historically been a precursor KPI for future wage growth stats.
(via CNBC) The total number of workers hired rose to a new high in April, according to Labor Department data released Monday. But despite this, the amount of available jobs still vastly outnumbers unemployed workers.
Hirings increased to 5.9 million for the month, a gain of 240,000 from March, the Job Openings and Labor Turnover Survey indicated. The hiring rate rose to 3.9%, an increase of one-tenth of a percentage point. The total hirings was the most recorded in the data series’ history going back to December 2000.
On the openings front, the gap between vacancies and available workers continued to be huge.
Openings for the month actually decreased slightly, falling 25,000 to 7.45 million. However, workers that the Bureau of Labor Statistics classifies as unemployed declined by 387,000 to 5.82 million, leaving the gap at about 1.63 million. (more)
There has never been a better time for middle-class U.S. workers to explore a new job.
Many companies are adding incentives for new workers with a strong work ethic, including: higher wages, sign-on bonuses, higher benefits, work-time flexibility and training programs for qualified candidates.
The wage gains for blue-collar non-supervisory workers are far exceeding the wage growth for supervisory positions. This Main Street economic growth is specifically benefiting workers without college degrees; and in many cases the financial opportunity for skilled blue-collar jobs is far exceeding the benefits of college debt.
Despite the professional doomsayer predictions from the professional financial class of Wall Street investment punditry, Main Street is upbeat and consumer confidence is strong.
Never is the disconnect between Wall Street and Main Street more visible than in the predictions -vs- reality for the growing/strengthening American middle-class.
The professional financial punditry can’t explain it. Flummoxed academics run around bumping into walls amid economic numbers that continue to defy expectations. All caused by a simple return to common sense ‘America First’ MAGAnomics.
Low unemployment (3.6%); wages growing (+3.2%); inflation stable (1.6%). These measures all have a cumulative impact on paycheck-to-paycheck Americans. Prices for durable goods are stable and wage growth is exceeding inflation. That means more disposable income in the middle-class…DUH. When combined with the increased take home pay from lower tax rates, is exactly the intended outcome of MAGAnomics.
Today the House Judiciary Committee led by Chairman Jerry Nadler officially begins the House Impeachment Hearings. Yes, these are impeachment hearings; they are just being presented under other names in an effort by Democrats to avoid the political fallout from holding impeachment hearings. They’ll get away with it because: (1) U.S. media are on their team; and (2) Leadership Republicans are idiots (and many also on the ‘D’ team).
The hearings will be broadcast live and -by design- carried on most media outlets. Speaker Nancy Pelosi and Chairman Jerry Nadler, having planned the approach for several months, name their impeachment kick-off event:
“Lessons from the Mueller Report: Presidential Obstruction and Other Crimes”
Earlier this morning President Donald Trump called in to CNBC to discuss a variety of subjects including: the ongoing trade negotiations with China; the threat of tariffs on Mexico over illegal immigration; the federal reserve; the status of the economy; the duplicity of the U.S. Chamber of Commerce; collusion by democrats; the upcoming G20 summit in Japan, and much, much, more.
During the interview President Trump directly calls out the U.S. Chamber of Commerce for their anti-American position and self-interested advocacy for Wall Street multinational corporations. Additionally, President Trump pushes back against the claim that tariffs lead to higher U.S. prices, citing examples of China subsidizing their exports and low U.S. inflation. Must Watch:
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(LOL… POTUS Trump chomping-at-the-bit to get tariffs on the EU.)
Despite his opponents’ narrative that President Trump is anti-immigrant, he presides over huge growth in new citizens and approval of citizenship applications, including those of asylum seekers and refugees. Will Trump’s base of xenophobes and immigrant-haters abandon him because more foreigners are becoming citizens? Will the Progressive Left retract the “anti-immigrant” slur, now that they see how welcoming Trump is toward the tired, and poor, huddled masses yearning to breathe free? Countering the Progressive narrative with 48 new episodes each month, the Members at BillWhittle.com create this show, and run their own Member-written blog at their exclusive Members-only website. If you enjoy reasoned thought and civil dialogue, you’ll find a home among these folks. Join them today at https://BillWhittle.com/register/
Former White House China trade negotiator Clete Williams makes a rare appearance to discuss President Trump’s ongoing trade position with China; and the lessons they are learning from Trump’s severity with Mexico.
Fox News talking-hair Leland Vitter, a prime example of the axiom: “a little knowledge is dangerous”, tries his best to promote the preferred Murdoch points; however, Vitter finds himself struggling against the weight of the examples highlighted by Mr. Williams. Quite funny actually:
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Worth noting: President Trump spoke with Mexican President Andres Manuel Lopez-Obrador (AMLO) yesterday (See Tweets Below).
Appearing on Fox News Sunday acting Homeland Security Secretary Kevin McAleenan discusses the approach by President Trump to impose import tariffs on Mexico if the administration of President Lopez-Obrador does not fulfill their pledge.
Along with outlining the Mexican agreement, McAleenan notes President Trump is absolutely willing to impose the tariffs on Mexico if there is no substantive and immediate improvement to stem the flow of Central American migrants.
This interview is interesting from a few aspects. First, Carter Page states he was a long-standing source of information for the intelligence apparatus, specifically for the CIA for decades. Secondly, the framework by Page as outlined, and the underlying motive of the FBI to use him as an unwitting target for the FISA application, is essentially confirmation of our prior reconciled point on why the FBI exploited him. [Watch]
It never made sense that U.S. Person Carter Page was an FBI witness from 2013 through to March/May 2016 and yet in October 2016, to achieve a FISA warrant, the FBI called him an agent of a foreign government. [FISA APPLICATION] It never made sense until with more information about the Mueller investigation we realized the FISA warrant was essentially irrelevant; what the Obama intel apparatus needed for their “insurance policy” was The Dossier.
Fusion GPS was not contracted in April 2016 to research Donald Trump. The intelligence community was already doing unlawful NSA-database surveillance and political spy operations. They already knew everything about the Trump campaign. The Obama intelligence community needed Fusion GPS to give them a plausible justification, an insurance policy of sorts, for pre-existing surveillance and spy operations.
Fusion-GPS fulfilled that contract by delivering the Steele Dossier.
Carter Page was not accused of being an agent of a foreign government to get a FISA warrant; that was secondary. Carter Page was accused of being an agent of a foreign government to get the Steele Dossier into the investigation.
The Dossier was used to validate and justify, albeit fraudulently, pre-existing political surveillance (NSA Database) and later John Brennan’s spy operations. The Dossier was cover for a political surveillance operation under the color of FBI legitimacy.
The NSA database was being exploited for political surveillance operations since around mid-2012. {Go Deep} Following a secret agreement between the FBI and the National Counterterrorism Center (NCTC), the Obama intelligence apparatus was using the NSA database to extract information and build files on political targets. {Go Deep} They used the FISA-702(16)(17) search process and never informed the FISA court.
The FISA-702 database extraction process (NSA Database), and the utilization of the protections within the smaller ‘national security’ intelligence community, was the primary process to track and monitor specific U.S. persons by the Obama administration.
Early in 2016 NSA Director Admiral Mike Rogers was alerted to a significant uptick in FISA-702(17) “About” queries; these are searches using the FBI/NSA database that holds all metadata records on every form of electronic communication. The uptick was aligned with the timing of the GOP presidential primary race.
The NSA compliance officer alerted NSA Director Admiral Mike Rogers who then initiated a full compliance audit on/around March 9th, 2016, for the period of November 1st, 2015, through May 1st, 2016. {Go Deep}
Everything after March 9th, 2016, was done to cover up the weaponization of the FISA database. [Explained Here] Spygate, Russia-Gate, the Steele Dossier, and even the 2017 Intelligence Community Assessment (drawn from the dossier and signed by the above) were needed to create a cover-story and protect themselves from discovery of this four year weaponization, political surveillance and unlawful spying. Even the appointment of Robert Mueller as special counsel makes sense; he was FBI Director when this began.
On August 15th, 2016, Lisa Page and Peter Strzok have a meeting with Deputy FBI Director Andrew McCabe. At the conclusion of that meeting, Peter Strzok sends a text message to Ms. Page:
“I want to believe the path you threw out for consideration in Andy’s office -that there’s no way he gets elected- but I’m afraid we can’t take that risk. It’s like an insurance policy in the unlikely event you die before you’re 40.”
Here’s where Carter Page is about to come in; but first more context…
On August 25th Hillary Clinton gives a speech in Reno Nevada where she outlines how the “Alt Right” and Russian agents/bots are behind an effort to destroy her campaign. To many people the speech just seemed goofy and paranoid. She was mocked for it.
Mysteriously Clinton disappeared for almost two weeks after that “Alt Right” speech, and resurfaced on September 11th in New York for a 9/11 event. This is when she had that mysterious collapsing episode, and was thrown in the van like a sack of potatoes. With each cough and stumble the possibility and risk of a Trump victory increases.
On September 29th, 2016, the FBI received word from New York that new Clinton emails were uncovered in the Weiner/Abedin laptop. Andrew McCabe and Peter Strzok buried the issue, assuming (hoping) that Clinton would win the election. The laptop would be avoided by the FBI until October 27th. [backstory] Undoubtedly the Clinton campaign team was notified.
On October 19th, 2016, Hillary Clinton and Donald Trump square off in their final debate. During the debate Clinton calls Trump “a puppet of Putin”. Clinton suggested that Trump would be a “puppet” for Putin, who has a “very clear favorite in this race.” “No, you’re the puppet!” Trump responded.
Clinton said 17 U.S. intelligence agencies have concluded that recent cyber attacks targeting the U.S. election came from Russia. “She has no idea” where the hacking originated, Trump argued. Clinton accused Trump of taking Putin’s word over the conclusions of the U.S. military and intelligence professionals, calling it “frightening.” LINK
Two days after this debate, October 21st, 2016,the FBI rushed an application to the FISA court for a Title-1 surveillance warrant against U.S. person Carter Page.
The FBI didn’t need the FISA warrant for additional investigation. The FBI needed a Russia narrative and to protect themselves from Trump. The FBI needed the Steele Dossier to justify political surveillance. and their pre-existing investigation, and mount a defense in the event of a Trump victory.
It was the Steele Dossier they needed.
What is Fusion-GPS’s Steele Dossier without Carter Page?
Without Carter Page, the Steele Dossier is an assembled political file with a bunch of speculative claims about the opposition campaign of a presidential candidate. Without Carter Page, the Steele Dossier is a binder of information, a file, sitting on a desk at the FBI essentially useless. It also came in AFTER their surveillance/investigation began.
How could the FBI ever justify investigating the opposition research of a rival candidate for office? How could they ever get past the sourcing issues? How could they explain their blind eye to the provenance? How could they ever justify using the Steele Dossier?
They need some justification to exploit the Dossier. The FBI needed to use Carter Page as a way to inject the Steele Dossier into a pre-existing investigation of the Trump campaign.
The FBI didn’t use the Steele Dossier as a way to exploit Carter Page for a FISA warrant against the Trump campaign. The FBI used Carter Page as a way to inject the Steele Dossier into a pre-existing FBI investigation of the Trump campaign. That fraudulent FBI investigation was itself a cover-up to hide years of political surveillance using the NSA database. Hence the Fusion-GPS contract.
Carter Page was never an actual target any more than Russia interference was genuine threat within the campaigns. Both were complete fabrications. Despite calling him an agent of a foreign government, Carter Page was never charged. However, for the sake of protecting themselves, and continuing to keep a President Trump undermined, it was the Dossier that was important, not the FISA warrant.
To get the dossier “in” they needed Carter Page.
With the Dossier in the official investigative bloodstream, the FBI could exploit the content and then use their media allies by leaking information about a Trump-Russia conspiracy. The media would assist in framing an actual, albeit completely fabricated, Russian conspiracy narrative. The Russia narrative could then serve multiple purposes of insurance and even launch another FBI investigation in May 2017 per Andrew McCabe.
Once the FBI and Robert Mueller had used the Steele Dossier to generate the needed narrative; and once the counterintelligence investigation -now led by Wesissmann and Mueller- into Paul Manafort, George Papadopoulos, Michael Flynn and Michael Cohen had successfully ensnared them and shut them down on unrelated issues; then the dossier had exhausted its usefulness, and was dispatched along with the FISA on Carter Page.
Once Manafort, Papadopoulos, Flynn and Cohen were under control, all further efforts were targeted to building an “obstruction” case 24/7/365.
No wonder Christopher Steele was surprised to hear his Dossier work product was used to launch a counterintelligence investigation…. because, here’s the key takeaway, it wasn’t.
The Dossier was used to validate and justify, albeit fraudulently, a pre-existing investigation. That pre-existing counterintelligence investigation, a political surveillance operation under the color of FBI legitimacy, was bolstered by the sketchy Brennan intelligence operation in early 2016, because they needed an origination point.
“I want to believe the path you threw out for consideration in Andy’s office -that there’s no way he gets elected- but I’m afraid we can’t take that risk. It’s like an insurance policy in the unlikely event you die before you’re 40.”
Carter Page was not accused of being an agent of a foreign government to get a FISA warrant; that was secondary. Carter Page was accused of being an agent of a foreign government to get the Dossier into the investigation.
It was the Dossier that became important and useful in mid-October 2016, not Carter Page. One of the issues that raised the importance and FBI urgency was realizing in September 2016 they were going to have to do something before the election with the Weiner/Abedin laptop, which they announced on October 27th.
[…] “We found that what changed between September 29 and October 27 that finally prompted the FBI to take action was not new information about what was on the Weiner laptop but rather the inquiries from the SDNY prosecutors and then from the Department. The only thing of significance that had changed was the calendar and the fact that people outside of the FBI were inquiring about the status of the Weiner laptop.” (IG Report pg 331)
It was the dossier they needed most, not Carter Page.
The Russian election interference narrative; the use of Joseph Mifsud, Stefan Halper, the London and Australian embassy personnel; Erika Thompson, Alexander Downer, U.S. DIA officials; everything around Crossfire Hurricane; and everything after to include the construct of the Steele Dossier; all of it was needed for the creation of an ‘after-the-fact‘ plausible justification to cover-up what Mike Rogers discovered in early 2016, AND the downstream unmasked records that existed in the Obama White House SCIF.
Fusion GPS was not hired in April 2016 to research Donald Trump. The intelligence community was already doing surveillance and spy operations. They already knew everything about the Trump campaign. The Obama intelligence community needed Fusion GPS to give them a justification for pre-existing surveillance and spy operations.
That’s why the FBI, and later the Mueller team, are so strongly committed to, and defending, the formation of the Steele Dossier and its dubious content.
Fox News host Maria Bartiromo interviewed Mark Meadows earlier today on her Sunday morning show. This is quite possibly the most revealing interview so far this year on the Obama ‘Spygate’ and surveillance investigation. The interview is jam-packed with info.
Clapper and Brennan demanding protection for sources and methods, but at the same time they’re saying people weren’t spied on. … Well, you wouldn’t need to protect sources and methods if people in the Trump administration weren’t spied on.
The segment with Meadows begins at 18:37 [prompted, just hit play] and includes multiple new aspects including: •Weissmann/Mueller report collapsing under scrutiny. •New investigative documents likely mean criminal indictments. •New evidence of a “cover-up” within the FBI. •AG Bill Barr has firm disposition to provide accountability. •Expect significant delay in OIG Horowitz report (ie. Steele interview etc.). •FBI Papadopoulos covert recordings likely to be public. •Overall declassification delayed; likely no release prior to OIG report.
HPSCI ranking member Devin Nunes appears on Fox News with Judge Jeanine Pirro to discuss ongoing political issues. During the interview Representative Nunes outlines the House hearings scheduled for next week.
The framework and purpose of this upcoming week is something we have outlined since January; democrats are forming the foundation for impeachment as a political tool. The comments from Nunes about impeachment hearings begins at 05:00 [WATCH]
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As we discussed last week, all of this is by design. Nancy Pelosi and the House Democrats are structuring a contempt vote against U.S. Attorney General Bill Barr for next week, June 11th. As part of the current construct, the Lawfare alliance of legal advisers and staff are writing specific language into the vote that will automatically allow more contempt votes against the Trump administration without hearings.
Their collective goal is to use a legislative vote to open a civil lawsuit against Bill Barr for his failure to deliver the fully unredacted Mueller report to them.
Additionally, the contempt vote will be written so that any arbitrary Trump administration official can also be held in contempt, without a committee vote, and thereby initiate a civil lawsuit against the executive officer that will have to be defended in court.
Pelosi and the Lawfare group are avoiding a criminal contempt process because that would require the DOJ to participate. Instead lawyers working on behalf of Speaker Nancy Pelosi, Judiciary Chairman Jerry Nadler, HPSCI Chairman Schiff, and/or White House Oversight Committee Chairman Elijah Cummings will sue the Trump administration in civil court.
If they can win a civil award (they will carefully select the judge) Pelosi and Nadler can start issuing civil fines for contempt against individual cabinet members. Adam Schiff has previously stated his recommended target amount would be $25,000 per day/per person.
Now go back to December 2018 and the specific rule changes that Pelosi put in place, and you’ll see how this was planned out long ago. This lawfare approach, including every aspect of the Mueller probe and the delivery of the Weissmann report therein, is all part of one carefully planned continuum of activity. By design at the end of their plan is the official impeachment investigation.
Washington, D.C. –The House Judiciary Committee will continue hearings focused on the alleged crimes and other misconduct laid out in Special Counsel Robert Mueller’s report. The next hearing entitled “Lessons from the Mueller Report: Presidential Obstruction and Other Crimes” will take place on June 10th. The hearing will feature former White House Counsel John Dean as well as former U.S. Attorneys and legal experts. The Committee also plans to consider targeted legislative, oversight and constitutional remedies designed to respond to these matters. (read more)
See how it is all sequenced, timed and connected?
This has been their plan all along. Pelosi’s poo-pooing of impeachment was always a head-fake to the compliant media, designed to fabricate a narrative around unlikely impeachment, and throw people off the scent of a plan that was designed even before the mid-term election of 2018.
[Trust me, Pelosi’s approach to hide their plan works. Look at how many people criticized CTH warnings that Pelosi, Schiff, Nadler and Cummings were planning this out all along.]
When we approach the term “impeachment” we are not discussing it as the technical and legal approach for removal of a President; but rather the political use of the process to Alinsky (damage) President Donald Trump.
Professional political Democrats would not be using “impeachment” in the constitutional sense of the process (high crimes and misdemeanors); but rather weaponizing the process –as a tool itself– to: •target the executive office; •diminish the presidency (“isolate”/”marginalize”, Alinsky rules); •and position themselves for 2020.
After the 2018 mid-terms, and in preparation for the “impeachment” strategy, House Intelligence Committee Chairman Adam Schiff and House Judiciary Committee Chairman Jerry Nadler hired Lawfare Group members to become committee staff. Chairman Schiff hired former SDNY U.S. Attorney Daniel Goldman (link), and Chairman Nadler hired Obama Administration lawyer Norm Eisen and criminal defense attorney Barry Berke (link), all are within the Lawfare network.
[IMPORTANT: Keep in mind that Speaker Pelosi has selected former insider DOJ official Douglas Letterto be the Chief Legal Counsel for the House. That becomes important when we get to the part about new powers granted to the House Counsel.]
The Pelosi House rules clearly present the outline for an impeachment calendar as directed by changes to the oversight committees. Additionally, there is a myriad of new processes which appear to have been developed through the Lawfare alliance. Here’s some of the overview (full pdf).
Speaker Pelosi sets up a new, much narrower, oversight priority for Chairman Elijah Cummings; specifically to tailor oversight to the White House and President Donald Trump. Additionally we see the outlined time-schedule for hearings.
In subsection “k” the “clarification” is the narrowing of Elijah Cummings focus. “Oversight Over the Executive Office of the President“. This sets up the system for Cummings to target President Trump, his family, and all members of the executive branch as they relate to specific White House functions.
The Pelosi rules tell Chairman Cummings to deliver his schedule for his investigation(s) to the House by April 15th, 2019. Thereafter the hearing sessions will commence. The objective of those hearings is House impeachment of the President; so now we know the general timeline the Democrats plan to follow.
♦ To help achieve that objective on Page #3 Pelosi changed the rules on depositions:
In previous oversight hearings depositions of witnesses could not be conducted by counsel unless minority members were also present. Pelosi removes that rule allowing an expanded team of House lawyers to question anyone regardless of whether there is a republican present to defend/protect the interests of the witness or target.
Additionally, in the event Republicans develop immediate defensive plans to push back against the weaponization of these oversight committees, Pelosi gives her Chairs 60 days to make up the rules for their committees so they can deflect any defenses.
♦ Following with the investigative plans for impeachment; and in conjunction with all new powers granted to a massively expanded group of House lawyers with new and expanded power; page #7 has specific rules to benefit HPSCI Chairman Adam Schiff:
HPSCI Chairman Adam Schiff can now, autonomously, demand and instruct depositions from anyone, at any time, for any reason; and the House Intelligence Committee does not need to consider any possible scheduling conflicts for any of the targets, or have any republican members present therein. [Schiff granted far more power than Nunes.]
♦ Page #9 is the beginning of a very interesting new power being granted to an expanded office of House Legal Counsel:
This is only the first part of this Pelosi rule. This part speaks to coordination with Lawfare and similar activist groups outside government. The House will now defend Obamacare, and all other possible constructs, with a legal team – regardless of what the DOJ might be doing on the same legal matter. In essence, a mini-legislative DOJ branch that will fight the U.S. Dept of Justice if needed. (more on this in another section).
♦ Page #13 is the most interesting, and ties back to the Page #9 rule.
Here Speaker Pelosi sets up an internal House division of lawyers, paid with taxpayer funds, to defend Obamacare against any adverse action. In essence Pelosi is setting up her own Legislative Branch division of justice, to fight against the Executive Branch U.S. Department of Justice if needed.
The primary issue surrounds defending Obamacare from possible legal removal. However, it doesn’t take a deep political thinker to see where this approach ends up. It would be naive to think the Lawfare group (Benjamin Wittes) did not help create this new internal legal system.
Normally/traditionally House Counsel represents the interests of the entire Legislative Branch on any issue that might surface. However, Pelosi set up a legal activist agency within the House Counsel to specifically “advocate” for Democrat priorities, against the position of the U.S. Department of Justice, and use taxpayer funds to finance the scheme.
Speaker Pelosi has created her own mini DOJ (the Lawfare alliance) inside the legislative branch. And, with additional investigative powers granted to House committees, we might even see a mini-FBI investigative units, dispatched to conduct investigations, accountable only to speaker Pelosi. Heck, considering congress already has subpoena power, there’s no telling where this might end.
Interesting, albeit not surprising, report from the New York Times after they are debriefed by a group of U.S. tech industry executives about a compliance meeting in China.
The Beijing regime of Chairman Xi Jinping summoned leaders from the top of U.S. tech industry companies and informed them of consequences for complying with U.S. laws that relate to black-listed Chinese industry; ie. Hauwei. It will be interesting to see how this dynamic plays out.
Beijing is counting on the far-left anti-American ideology within Silicon Valley to create a communist economic alliance on U.S. soil that will work against the interests of the American people.
SAN FRANCISCO — The Chinese government this past week summoned major tech companies including Microsoft and Dell from the United States and Samsung of South Korea, to warn that they could face dire consequences if they cooperate with the Trump administration’s ban on sales of key American technology to Chinese companies, according to people familiar with the meetings.
Held on Tuesday and Wednesday, the meetings came soon after Beijing’s announcement that it was assembling a list of “unreliable” companies and individuals.
[…] The meetings this week were led by China’s central economic planning agency, the National Development and Reform Commission, and attended by representatives from its Ministry of Commerce and Ministry of Industry and Information Technology, who addressed their remarks to a broad range of companies that export goods to China, according to the two people familiar with the gatherings.
[…] More broadly, the warnings also seemed to be an attempt to forestall a fast breakup of the sophisticated supply chains that connect China’s economy to the rest of the world. Production of a vast array of electronic components and chemicals, along with the assembly of electronic products, makes the country a cornerstone of the operations of many of the world’s largest multinational companies.
[…] To those from the United States, they warned that the Trump administration’s move to cut off Chinese companies from American technology had disrupted the global supply chain, adding that companies that followed the policy could face permanent consequences. The Chinese authorities also hinted that firms should use lobbying to push back against the government’s moves.
[…] Chinese officials explicitly warned companies that any move to pull production from China that seemed to go beyond standard diversification for security purposes could lead to punishment, according to the two people.
[…] The Chinese officials told companies from outside the United States that as long as they kept up their current relationships and continued to supply Chinese companies normally, they would face no adverse consequences. (read full article)
Remarkably, this approach is exactly what CTH has predicted for over two years. It was/is an easy prediction to see where this was heading because the severity Beijing’s economic dependence is their Achilles heal. Anything that begins to impede the ability of China to continue their world economic conquest, immediately becomes a threat to the communist regime.
Once a threat is identified, they are defined as a zero-sum adversary who must be controlled or destroyed. In this example the technology industry writ large is the threat. If U.S. companies do not comply with the demands of China all of their foreign assets will be confiscated by the government and the organization is labeled as a threat to the state.
…”Chinese officials explicitly warned companies … any move to pull production from China that seemed to go beyond standard diversification for security purposes could lead to punishment”…
Not much for subtlety and nuance, eh?
A year ago Politico presented an interesting article about how Chinese spies are conducting extensive surveillance operations in/around the San Francisco bay area. They were prescient with the warning: “As Silicon Valley continues to take over the world, the local spy war will only get hotter—and the consequences will resonate far beyond Northern California.”
Indeed the depth of the Chinese influence is becoming increasingly clear. In Washington DC Congressman Justin Amash has been pushing heavily for President Trump’s impeachment. In addition to being an elected representative, Mr. Amash operates a manufacturing company in China. [link] These positions are directly related.
Keep an eye-out for those who raise the strongest objections toward the Trump administration confronting China; there’s almost a guarantee the scale of opposition will be in direct alignment to their financial interests in Beijing.
Yes, as with all things Trump, the president is likely to expose much more than just political opposition based on ideology. President Trump’s America-First stance is putting the spotlight on all those politicians who bet against our nation, took the indulgences from a happy Panda, and swore a greater allegiance to their net worth.
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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
Centinel2012 