Posts Categorized: Jim’s Mailbox

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Courtesy of Dave.

Jim

Defense Minister Shoigu on Moscow’s Vision of Security Problems
July 13, 2018

Russia still hopes for the better but is deeply frustrated over the lack of US coherent policy on Syria, which makes any coordination of efforts extremely complicated. It is also concerned over Washington’s evident desire to find a pretext for leaving the INF Treaty.

On July 11, Defense Minister Army General Sergey Shoigu elaborated on the problems that cloud the relationship between Moscow and Washington in an interview with Italian Il Giornale. According to him, “American political elite” is to blame for the deterioration of the bilateral ties and no progress on security-related issues.

The official noted that Russia will always counter the US neocolonialist strategy aimed at weakening legitimate governments in other countries, sowing chaos and provoking “hybrid wars”.

Moscow takes seriously the threat posed by NATO. The army general cited the recent decision to implement the “four thirties” initiative to have 30 mechanized battalions, 30 air squadrons and 30 combat ships ready for deployment within 30 days by 2020 as an example of the pact’s increasing offensive potential in Europe. The foreign presence in the Baltic States, Poland, Romania and Bulgaria has already grown from 2,000 to 15,000 servicemen with the prospects for increasing to 60,000 in the future.

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Dan Kurz on “QT” (quantitative tightening).

Bill

DK Analytics, Post #42: If QT keeps ramping up to $600bn, look for an accelerated “reset”
July 14, 2018

YOY (year-over-year) change in monetary base as per 7/5/2018: $84bn

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Source: https://fred.stlouisfed.org/series/BASE?utm_source=series_page&utm_medium=related_content&utm_term=related_resources&utm_campaign=categories

Growing financing needs juxtaposed against a shrinking Fed balance sheet spells trouble:

The 1.36trn YOY increase in US federal debt through 7/6/2018 is not only indicative of the true deficit, but it is up from a $501bn increase over the 12 months ended 7/6/2017. The $860bn expansion in the federal government deficit (reflects an expanding gap between US government receipts and spending) will mushroom in a weakening economy featuring lower tax receipts and higher social safety net spending such as jobless and welfare benefits.

(Calendar YTD, federal debt is up by $715bn.)

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Courtesy of JB.

Jim

This could get VERY INTERESTING!

Bill

The Party’s Over – FBI And DOJ Must Turn Over All Spy Documents To Congress Unredacted
July 13, 2018

In a move that could kill two birds with one stone, the White House has ordered the FBI and DOJ to turn over all documents on Obama’s spy Stefan Halper. This could be monumental as everyone knows that President Trump would love to fire both Christopher Wray and Rod Rosenstein but politics just won’t allow it. You may or may not realize that the ultimate decider of what is classified and what is not is the president of the United States.

There is no one who can overrule him including the Supreme Court. If either or both refuse to turn over the information, President Trump would be free to fire them and appoint temporary replacements of his choice without Senate consent. He could pick the most radical replacements he wants and they would serve until the Senate confirms a replacement.

From The Daily Caller

California Republican Rep. Devin Nunes, the chairman of the House Intelligence panel, has been locked in a heated battle with the DOJ over the records. The Republican has accused the DOJ and FBI of obstruction for refusing to release the documents. Nunes has led an investigation into potential surveillance abuses at the FBI and DOJ during its collusion investigation.

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And they should hold him for contempt…

JB

Strzok Hearing Chaos: House Chair Threatens To Hold FBI Agent In Contempt
July 12, 2018

A House Judiciary Committee hearing quickly spiraled into chaos on Thursday when FBI Deputy Assistant Director Peter Strzok said he couldn’t answer a question related to the Russia investigation because the FBI’s lawyers had instructed him not to, leading the committee’s chairman, Bob Goodlatte, R-Va., to threaten to hold Strzok in contempt.

Rep. Trey Gowdy, R-S.C., asked Strzok — whose anti-Trump text messages led to his removal from the investigation by special counsel Robert Mueller — how many interviews he conducted in the first week of the probe.

“Congressman, as you know, counsel for the FBI, based on the special counsel’s equities, has instructed me not to answer questions about the ongoing investigation into Russian attempts to interfere,” Strzok replied.

Gowdy repeated his question and Strzok repeated his answer, infuriating Goodlatte.

“Mr. Strzok, you are under subpoena and are required to answer the question,” Goodlatte said. “Are you objecting to the question?”

Rep. Jerry Nadler, D-N.Y., interjected.

“Mr. Chairman, I object,” Nadler said. “This demand puts Mr. Strzok in an impossible position. He is still an employee of the FBI, and FBI’s counsel has instructed him not to answer the gentleman’s question. If we have a problem with this policy we should take it up with the FBI, not badger Mr. Strzok.”

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Courtesy of Dave.

Jim

Will Trump Shake off the Chains of the Banksters?
July 11, 2018

Trump will come to Helsinki to meet Putin dragging the chains of a Russian policy few understand, none accept the origins of, a policy whose roots are suppressed as “conspiratorial” or, even more frightening, erased entirely from history.

American policy has always been driven by “the banks” but few if any know what or who “the banks” are or know the names, Schiff, Harriman, Kuhn, Loeb, Rothschild or Warburg.

Those are the chains that Trump will drag to Helsinki, the chains that will choke off détente or fall aside.

The current warlike stance NATO has taken against Russia will be a major issue between Presidents Putin and Trump when they meet for their first “one on one” sit-down. America’s inexplicable direction toward Russia, renewed sanctions, bizarre actions in Syria and a massive military buildup aimed at Russia must be addressed.

Can Trump’s bellicosity be ended? As Trump is surrounded by the same Bush/Neocon war adherents that surrounded both Bush presidents, men he openly despises, will Putin be able to reach Trump and give him needed guidance, assuming Trump’s public statements on desiring a bettering of relations with Russia are genuine?

Moreover, is their more than a century of historical momentum driving America and Russia, who might otherwise be allies as they were during World War II, toward conflict? We will look at several eras, examine some suppressed history and test our theories.

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A head’s up from GG, “his name was Seth Rich”!

Bill

Report: Witness Prepared to Identify Two Killers of Seth Rich
July 9, 2018

by Alicia Powe

Disclaimer: This shocking information was given to The Gateway Pundit this weekend. We decided to report this news and will post an update following Tuesday’s press conference.

The Washington, D.C. lobbyist who has been on the hunt for Seth Rich’s killer found a “credible” witness who will identify the two men he believes murdered the DNC staffer.

Jack Burkman, a Washington-based attorney and lobbyist who has worked with a private investigative team to solve the Seth Rich murder mystery, told The Gateway Pundit that the witness has conclusive evidence that will bring Rich’s killers to justice within a month.

“We believe that we have reached the beginning of the end of the Seth Rich murder investigation,” Burkman told The Gateway Pundit in an exclusive interview Sunday. “After two long hard years of work, we have a witness who is prepared to identify the two killers of Seth Rich. One is reportedly a current DEA (Drug Enforcement Administration) agent, the other is reportedly a current ATF (Bureau of Alcohol, Tobacco, Firearms and Explosives) agent”

The witness, who “fears for his life,” will be accompanied by armed guards and disguise his identity as he details how two employees of the United States government killed Seth in a press conference slated for Tuesday.

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Courtesy of Dave.

Jim

The USA Is Now a 3rd World Nation
July 8, 2018

I know it hurts, but the reality is painfully obvious: the USA is now a 3rd World nation.

Dividing the Earth’s nations into 1st, 2nd and 3rd world has fallen out of favor;apparently it offended sensibilities. It has been replaced by the politically correct developed and developing nations, a terminology which suggests all developing nations are on the pathway to developed-nation status.

What’s been lost in jettisoning the 1st, 2nd and 3rd world categories is the distinction between developing (2nd world) and dysfunctional states (3rd world), states we now label “failed states.”

But 3rd World implied something quite different from “failed state”: failed state refers to a failed government of a nation-state, i.e. a government which no longer fulfills the minimum duties of a functional state: basic security, rule of law, etc.

3rd World referred to a nation-state which was dysfunctional and parasitic for the vast majority of its residents but that worked extremely well for entrenched elites who controlled most of the wealth and political power. Unlike failed states, which by definition are unstable, 3rd World nations are stable, for the reason that they work just fine for the elites who dominate the wealth, power and machinery of governance.

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Courtesy of Dave.

Jim

“I Was There, I Know What Took Place”: Pompeo Slams North Korea Criticism Of Denuclearization
July 8, 2018

. . .

As a result of the unexpected divergence in views, Pompeo, who did not meet with Kim on this trip, could point to no concrete achievement from the talks aside from an agreement for the two sides to meet around July 12 in Panmunjom, the border village between the two Koreas, to discuss returning the remains of U.S. soldiers from the 1950-1953 Korean War, Bloomberg added.

Pompeo’s visit was the highest level meeting between U.S. and North Korean officials since Trump and Kim Jong Un held their historic summit in Singapore on June 12. Pompeo has been under pressure to deliver a more concrete disarmament plan after the two leaders signed a vague 1-1/2 page document that didn’t provide a timetable for dismantling North Korea’s nuclear arsenal.

For now, any firm denuclearization plan will have to wait even as the risk that all progress achieved so far in bilateral negotiations collapses.

Why? Because recall that China was the real puppetmaster behind the Trump-Kim summit… and suddenly Beijing is not very happy with Trump (for obvious reasons), which means that China’s response to Trump’s trade war may emerge in the realm of diplomacy as Xi does everything he can to undo any/all progress achieved in talks between Trump and Kim, potentially sending relations between the US and North Korea back to square one.

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Has this law been repealed?

Below is only a partial list.

Courtesy of JB.

Jim

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Jim told us this was coming.

Dave

Work Til You Die: Record Number Of Folks Age 85 And Older Are Working In The US
July 5, 2018

Seventy may be the new 60, and 80 may be the new 70, but 85 is still pretty old to work in America. Yet in some ways, it is the era of the very old worker in America.

Overall, 255,000 Americans 85 years old or older were working over the past 12 months. That’s 4.4 percent of Americans that age, up from 2.6 percent in 2006, before the recession. It’s the highest number on record.

They’re doing all sorts of jobs – crossing guards, farmers and ranchers, even truckers, as my colleague Heather Long revealed in a front-page storylast week. Indeed, there are between 1,000 and 3,000 U.S. truckers age 85 or older, based on 2016 Census Bureau figures. Their ranks have roughly doubled since the Great Recession.

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Courtesy of Dave.

Jim

Get Ready For The ‘Largest Trade War In Economic History’
July 6, 2018

t is now the “largest trade war in economic history.” Well, that is Beijing’s take on President Donald Trump’s decision on Friday to impose tariffs worth US$34 billion on a range of Chinese imports, including high-tech equipment and industrial machinery.

In response, the world’s second-largest economy warned it would take the “necessary countermeasures,” triggering what is now a full-blown trade conflict.

“The Chinese side, having vowed not to fire the first shot, is forced to stage counter-attacks to protect the … interests of its people,” the Chinese Commerce Ministry said in a statement. “[The US has started the] largest trade war in economic history.”

As the midnight chimes sounded in the United States, the first wave of tariffs kicked in. Another $16 billion are scheduled to take effect in the next two weeks.

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