United States Trade Representative Robert Lighthizer, U.S. Treasury Secretary Steven Mnuchin and China’s Vice-Premier Liu He release a joint statement showing renewed emphasis on phase-1 purchases.
Washington, DC – Ambassador Lighthizer and Secretary Mnuchin participated in a regularly scheduled call this evening with China’s Vice Premier Liu He to discuss implementation of the historic Phase One Agreement between the United States and China. The parties addressed steps that China has taken to effectuate structural changes called for by the Agreement that will ensure greater protection for intellectual property rights, remove impediments to American companies in the areas of financial services and agriculture, and eliminate forced technology transfer.
The parties also discussed the significant increases in purchases of U.S. products by China as well as future actions needed to implement the agreement. Both sides see progress and are committed to taking the steps necessary to ensure the success of the agreement. (link)
This is interesting timing. In the foreground President Trump has openly stated he was/is not seeking further trade discussions with China. However, in the background if China does not meet the $75 billion phase-1 purchases, then a set of automatically triggering tariffs kick-in…. so it is in China’s interest to engage.
This trade leverage, combined with President Trump’s willingness to completely decouple from China…. combined with tariffs against China being favored by President Trump… explains the position of the administration. Do nothing and tariffs kick back in.
According to Reuters analytics China has only purchased $7.3 billion in agricultural products through the first half of the year. The phase-1 agreement (tariff avoidance) requires $36.5 billion in purchases for 2020.
Additionally, in the energy sector: “China bought only 5% of the targeted $25.3 billion in energy products from the United States in the first half of 2020. Chinese state-owned oil firms have booked tankers to carry at least 20 million barrels of U.S. crude for August and September.” [Reuters Link] Again, if China doesn’t meet the agreement threshold the suspended tariffs return in full force.
It looks like Vice-Premier Liu He is attempting to head-off the re-institution of tariffs due to phase-1 purchases falling below the agreement; thus Beijing is trying to avoid the built-in tariff penalty aspect.
…If you plant your trees in another man’s orchard, don’t be surprised when you have to pay for your own apples…
Citing a need to renew focus on her children, White House advisor Kellyanne Conway has announced her departure from the administration:
STATEMENT: The past four years have allowed me blessings beyond compare as a part of history on Election Night 2016 and as Senior Counselor to the President. It’s been heady. It’s been humbling.
I am deeply grateful to the President for this honor, and to the First Lady, the Vice President and Mrs. Pence, my colleagues in the White House and the Administration, and the countless people who supported me and my work. As many convention speakers will demonstrate this week, President Trump’s leadership has had a measurable, positive impact on the peace and prosperity of the nation, and on millions of Americans who feel forgotten no more. (read more)
I hope family is doing well. Your latest PB mentions the organized effort by gates and world economic forum to manipulate the entire world.
All of your past teachings have always said that No one can manipulate the World markets as “even Buffett couldn’t corner silver.” Even when they asked you to go in with them in Russia and they had the world bank on their side. Still failed.
So if they are manipulating this extremely organized effort do we think It will succeed? And if It does or doesn’t do you have suggestions for your subscribers as to where the hell we should go?
Like all of your readers I am MUCH!! Less concerned about Covid and Much more concerned about civil unrest and taxation etc
I work and live in NYC🙈🙈🙈
Everything you’ve written has occurred. I awake at night in panic about what to do. Just sell my practice and move to another state/country is a frequent conversation of my wife and I.
Leaving a buisness behind is one hard thing – leaving my other family members behind another. But we are willing to do whatever is best.
You had mentioned that you are going to release an update on places etc
Do you know when this may occur?
Normally I am concerned with equity markets but Socrates has done a great job of keeping us in the market to the long side even when all looked hopeless. Now with all of the “day traders” thinking its 1999 is It time to get a bit defensive as we head into the election cycle?
Much thanks as always!! You may know how much you help all of us, BUT I want you to hear It again. We All Thank you!!
Regards,
JCL
ANSWER: I do not see this attempted manipulation of the world economy as being successful. They are truly out of their minds, but they are a bunch of academics and billionaires who have never walked out of the street and dared to speak to one of the great unwashed. To them, we are all just pawns of finance too stupid to understand what their super-human minds are capable of seeing the future. However, sometimes a pawn can take down a king.
Leaving the cities like New York is ultimately the smart thing to do. However, it all depends on the election. If Trump wins there will probably be more violence from the usual characters. The Democrats have promised to bail out the states if they keep people locked down and unable to vote when possible other than mail. If Trump wins, those states will be hard-pressed for destroying their economies on a wish and a prayer.
The problem you have is that property values will decline in the cities. They are rising even in North New Jersey with people coming in and bidding over asking price. You can at least hedge your bets by trying to sell and rent until you see what happens. At least then you will be in a better position to leave faster.
This is certainly dividing families. Some refuse to think it can get worse. They want to be optimistic. My old professor said two people were standing on the top of the World Trade Center and a gust of wind blew them both off. The pessimist immediately started praying to be forgiven for his since. The optimist, as he was passing the fourth floor, said: Well so far so good!
Just try to be nimble. It is hard to leave – I know. Elizabeth Warren lays it out. They are playing to change America into a socialist country that has failed whenever it has been attempted.
This is our moment. Our moment to decide who we are as a country. Our moment to dream big and fight hard. And yes, our moment to win this battle for the soul of our nation.
But understand this: to make real progress towards social, racial, and economic justice, we have to win big in November. And we can only do that if we work — and persist — together.
As far as the markets go, the indexes are being propelled by a very select few stocks. The broader market is better reflected by the Russel 2000. There is always the risk that summer rallies end up in October panics.
On the occasion of his new book, Defender in Chief: Donald Trump’s Fight for Presidential Power, Hoover visiting fellow and Berkeley Law School professor John Yoo joins the show to make a spirited case against the criticisms of Donald Trump for his supposed disruption of constitutional rules and norms. The conventional wisdom is that Donald Trump is a threat to the rule of law and the US Constitution. Mainstream media outlets have reported fresh examples of alleged executive overreach or authoritarian White House decisions nearly every day of his presidency. In the 2020 primaries, the candidates have rushed to accuse Trump of destroying our democracy and jeopardizing our nation’s very existence. In his book and on this show, John Yoo argues the opposite: that the Founders would have seen Trump as returning to their vision of presidential power, even at his most controversial and outrageous. It’s a fascinating and often humorous discussion that could not be more timely.
Hugh Hewitt is a terrible GOPe defender of all things associated with the Chamber of Commerce and Mitch McConnell. Hewitt is a total phony; so you know things are really bad when a lying liar who lies is calling out a fellow lying liar who lies.
A remarkable situation. WATCH:
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As I have told numerous voices of familiarity to CTH viewers, if they don’t start getting really confrontational soon, they will lose all credibility. Some are catching on… Also, Hewitt isn’t really out on a limb here; even Johnson’s own staff will tell you the guy is only worried about the election. Everything else is fake, fake, fake.
CTH friend, researcher and producer John Spiropoulos helps connect the dots within the operation to cover-up corrupt activity by James Comey, Andrew McCabe, James Baker, Christopher Wray, Dana Boente and the entire special counsel group.
In this video John walks us through the internal evidence showing how the FBI intentionally hid the statements by Christopher Steele’s primary sub-source Igor Danchenko. The result…. a 34 month cover-up operation.
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Senate Judiciary Committee Chairman Lindsey Graham released the declassified documents on July 17th. [Thank You John Ratcliffe] The documents relate to how the intelligence apparatus conducted surveillance abuses against the Trump campaign in 2016; and ultimately the Trump administration after the inauguration.
The first document [Direct pdf here] is the Washington Field Office (WFO) FBI briefing summary of a three day interview with Chris Steele’s primary sub-source. The document is highly redacted, but we already know from the IG release what the total content of the briefing revealed. The first interview was conducted on January 12, 2017, during the transition period between administrations. The classification term “SIA” stands for Source Identifying Attribute.
♦ This document not only demonstrates how unsubstantiated and unreliable the Steele dossier was, it shows that the FBI was on notice of the dossier’s credibility problems and sought two more FISA application renewals after gaining this awareness.
♦ The document reveals that the primary “source” of Steele’s election reporting was not some well-connected current or former Russian official, but a non-Russian based contract employee of Christopher Steele’s firm. Moreover, it demonstrates that the information that Steele’s primary source provided him was second and third-hand information and rumor at best.
♦ Critically, the document shows that Steele’s “Primary Sub-source” disagreed with and was surprised by how information he gave Steele was then conveyed by Steele in the Steele dossier. For instance, the “Primary Sub-source”: did not recall or did not know where some of the information attributed to him or his sources came from; was never told about or never mentioned to Steele certain information attributed to him or his sources; he said that Steele re-characterized some of the information to make it more substantiated and less attenuated than it really was; that he would have described his sources differently; and, that Steele implied direct access to information where the access to information was indirect.
In total, this document demonstrates that information from the Steele dossier, which “played a central and essential role” in the FISA warrants on Carter Page, should never have been presented to the FISA court. (Senate Link)
The inspector general already reviewed this briefing material and explained the content in the IG report on FISA Abuse in December 2019. Here’s the nub of that full review:
The aspect of the primary sub-source deconstructing and undermining the underlying material within the Steele Dossier is critical because ultimately the dossier underpinned the FISA application.
When you recognize the FISA application itself was based on a fraudulent premise; and you recognize the intentional ignoring of the underlying evidence; then the motive behind the FISA becomes clear. The FISA against Carter Page was used as a justification for surveillance of Donald Trump that had been ongoing by Obama intelligence officials.
This context becomes stunningly more important when you look at how the FISA was used by the Mueller investigation to continue its weaponization throughout 2017 and even into 2018. Remember, in July of 2018 long after the source material was debunked, the special counsel office was still telling the FISA court the predication for the FISA application and renewals was valid.
Drive this point home.
This is a key to understanding the scope of how weaponized the Mueller team was.
In July of 2018 the special counsel resistance group was lying to the FISA court in order to protect the cornerstone document that permitted them to weaponize the intelligence apparatus.
This letter was written July 12, 2018. It is NOT accidental that only a week later, July 21st, the special counsel released the FISA application under the guise of FOIA fulfillment.
Aside from the date the important part of the first page is the motive for sending it. The Mueller team running the DOJ is telling the court in July 2018: based on what they know the FISA application still contains “sufficient predication for the Court to have found probable cause” to approve the application. The resistance unit running the DOJ is defending the Carter Page FISA application as still valid.
On page #8 [Source Document Here] when discussing Christopher Steele’s sub-source, the special counsel group notes the FBI found him to be truthful and cooperative.
This is an incredibly misleading statement to the FISA court because what the letter doesn’t say is that 18-months earlier the sub-source, also known in the IG report as the “primary sub-source”, informed the FBI that the material attributed to him in the dossier was essentially junk.
By July 2018 the DOJ clearly knew the dossier was full of fabrications, yet they withheld that information from the court and said the predicate was still valid. Why?
It doesn’t take a deep-weeds-walker to identify the DOJ motive.
In July 2018 Robert Mueller’s investigation was at its apex.
This letter justifying the application and claiming the current information would still be a valid predicate therein, speaks to the 2018 DOJ needing to retain the validity of the FISA warrant…. My research suspicion is that the DOJ needed to protect evidence Mueller had already extracted from the fraudulent FISA authority. That’s the motive.
In July 2018 if the DOJ-NSD had admitted the FISA application and all renewals were fatally flawed Robert Mueller would have needed to withdraw any evidence gathered as a result of its exploitation. The DOJ in 2018 was protecting Mueller’s poisoned fruit.
If the DOJ had been honest with the court, there’s a strong possibility some, perhaps much, of Mueller evidence gathering would have been invalidated… and cases were pending. The solution: mislead the court and claim the predication was still valid.
♦ The FISA was also released in July 2018 in order to retain the false premise behind it. The copy that was released by the special counsel, through Rod Rosenstein, contained redacted dates because the special counsel needed to hide the fact the FBI (Washington Field Office) had actually used the FISA to catch a leaker of classified intelligence, James Wolfe.
Again, Wolfe’s story is the fulcrum…. tell that story and the House of Cards collapses like the Potemkin village it is. {GO DEEP}
The resistance lawyers in the Mueller team released the same initial FISA application (and first renewal) used to catch Wolfe; they had to release that specific March 17, 2017, copy. However, they had to redact the dates on the document they released because the dates were changed by SSA Brian Dugan to catch Wolfe.
The March 17, 2017, copy of the FISA, an FBI investigative equity, went into Main Justice with the leak trap visible. When the special counsel released the FISA application to Rosenstein for public FOIA fulfillment they had to redact the dates or people would ask questions about why this specific version had different dates than the original.
The March 17, 2017, copy of the FISA application is the only one to date that has been in the public sphere; including reviewed by OIG Michael Horowitz. That’s why when Horowitz originally released his FISA report, the OIG kept the dates redacted and only revealed them after the irrelevance of classification was pointed out.
The March 17th Wolfe copy of the first half of the full FISA application (original and first renewal), is the only copy that has ever been made public. If we were to ever see the modified and unredacted copy the FBI gave to Wolfe, the dates would not match with the actual dates of the application(s). The dates were used as part of the leak trace.
The Mueller team knew the explosive nature of the FBI investigation to catch the SSCI leaker. The Mueller team, with full control over Main Justice, was the group that buried FBI Supervisor Special Agent Brian Dugan’s explosive investigative findings.
Expose the conduct of this group and everything about the insurance policy falls into place:
Sidney Powell did an excellent job today representing the interests of her client Michael Flynn at the U.S. Circuit Court of Appeals. Every client should be so fortunate. Following the hearing, Ms. Powell appears with Lou Dobbs to discuss the overall issues.
The Great Lou Dobbs represents the voices of millions in this interview as he shares his own perspective of outrage at the ongoing case. Terrific interview:
Today the United States Court of Appeals for the DC Circuit held a full panel hearing to decide the outcome of the unopposed DOJ and defense motion to drop the case against Michael Flynn.
If you ever read the indictment of SSCI Security Director James Wolfe [pdf HERE] you would notice how FBI Washington Field Office Supervisory Special Agent Brian Dugan conducted his leak investigation that ultimately led to James Wolfe.
As SSA Dugan explains his investigative process, he goes to great lengths to describe how he went to the FISA court to pick up a copy of the Carter Page FISA application on March 17, 2017. Agent Dugan then takes it to the Senate Select Committee on Intelligence where he gave it to SSCI Security Director James Wolfe.
Simple Questions: Why did SSA Dugan go to the FISC to pick up a copy?
Why didn’t Agent Dugan just go to Main Justice and pick up a copy from the DOJ-NSD file that contained the FISA application? Why go to the FISA Court for a copy?
This is not supposition; this is the process described and outlined in court records. So, why go to the FISC and not the DOJ?
♦ Secondly, SSA Dugan goes to extreme lengths to draw attention to his copy; he calls the top secret FISA application an “FBI equity” in numerous documents. It’s his equity, his document, because he was the original equity holder of the document.
Agent Dugan was responsible for generating it. Dugan repeats that provenance again, and again in court records throughout 2018: “FBI Equity“.
The March 17, 2017, copy of the FISA application -as stamped by the FISA Court- was FBI Agent Brian Dugan’s equity. It was inside his investigative file.
This March 17, 2017, copy is his investigative work product.
So riddle me this… QUESTION:
When Main Justice DOJ (think special counsel) released the FISA application, under the auspices of a FOIA fulfillment, on July 21, 2018, why did they release FBI Agent Brian Dugan’s copy?
Why didn’t the DOJ release their clean copy of the FISA application?
Why did the DOJ find it necessary to release WFO FBI agent Brian Dugan’s equity?
Additionally, how did Main Justice get SSA Brian Dugan’s copy of the FISA?…. But more importantly, when the DOJ decided to release the FISA application to the public, why did they release FBI Agent Dugan’s copy?
The answers to these questions tell a big story.
Isn’t it curious how no-one has ever asked those questions?
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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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