- On the eve of Wednesday’s Fed decision, President Trump is once again bashing the Federal Reserve over its plans to raise interest rates at a time when markets are already in chaos and the “world is blowing up” thanks in part to the central bank’s “double-barreled blitz” of higher rates and tighter liquidity.
- But instead of insinuating that Fed Chairman Jerome Powell is trying to undermine the administration, the president ticked off a reasonable list of factors that should give a truly “data-dependent” Fed reason to reconsider.
- Instead of moving ahead with more rate hikes, Trump said the Fed should “Take the Victory!” Trump said.
Read more at: Trump Slams Fed On Eve Of Rate Decision: “Incredible” Fed Hiking With “World Blowing Up”
- James Comey made the surprise revelation in his congressional testimony on Friday that the FBI opened investigations into four Trump associates in late July 2016.
- It was previously known that four Trump advisers were the focus of the FBI probe, but it was not known that they were targeted at the outset of the investigation.
- It was previously believed that former Trump aide George Papadopoulos was the catalyst for the investigation, which was dubbed Crossfire Hurricane.
- The FBI opened counterintelligence investigations into four Trump campaign associates in late July 2016, earlier than previously known, former FBI Director James Comey told Congress Friday.
Read more at: Comey: FBI Probe Initially Focused On Four Americans
- Special counsel Robert Mueller has recommended no jail time for former National Security Adviser Michael Flynn, writing in a late Tuesday sentencing memorandum that Flynn provided “substantial” assistance to his investigation after taking part in 19 interviews related to Mueller’s probe of the 2016 US election and any links between the Trump campaign and Russia, as well as Russian meddling.
- While there is no indication that Flynn threw Trump under the bus, Mueller’s memorandum certainly suggests that the former Trump administration official provided the special counsel with information that they were pleased with.
- Or, in the alternative, the FBI altered their “302” interview records with Flynn to set him up, and this is how the Department of Justice has chosen to carefully disentangle themselves from the situation.
Read more at:No Jail Time For Flynn; Mueller Says Former Trump Official Provided “Substantial” Assistance
- The FBI conducted a six-hour raid on the home of a recognized Justice Department whistleblower who had confidentially submitted documents related to the Clinton Foundation and Uranium One to a government watchdog, according to the Daily Caller, citing the whistleblower’s attorney.
- The Justice Department’s inspector general was informed that the documents show that federal officials failed to investigate potential criminal activity regarding former Secretary of State Hillary Clinton, the Clinton Foundation and Rosatom, the Russian company that purchased Uranium One, a document reviewed by The Daily Caller News Foundation alleges.
- The delivered documents also show that then-FBI Director Robert Mueller failed to investigate allegations of criminal misconduct pertaining to Rosatom and to other Russian government entities attached to Uranium One, the document reviewed by TheDCNF alleges. Mueller is now the special counsel investigating whether the Trump campaign colluded with Russia during the 2016 election. –Daily Caller
Read more at: FBI Raids Home Of New Clinton Foundation, Uranium One Whistleblower
- The UK’s Secret Intelligence Service, otherwise known as MI6, has been scrambling to prevent President Trump from publishing classified materials linked to the Russian election meddling investigation, according to The Telegraph, stating that any disclosure would “undermine intelligence gathering if he releases pages of an FBI application to wiretap one of his former campaign advisers.”
Trump’s allies, however, are fighting back – demanding transparency and suggesting that the UK wouldn’t want the documents withheld unless it had something to hide.
The Telegraph has talked to more than a dozen UK and US officials, including in American intelligence, who have revealed details about the row.
British spy chiefs have “genuine concern” about sources being exposed if classified parts of the wiretap request were made public, according to figures familiar with discussions.
Read more at:MI6 Scrambling To Stop Trump From Releasing Classified Docs In Russia Probe
- Isn’t it obvious that repeating the policies of 2009 won’t be enough to save the system from a long-delayed reset?
- 2019 is shaping up to be the year in which all the policies that worked in the past will no longer work. As we all know, the Global Financial Meltdown / recession of 2008-09 was halted by the coordinated policies of the major central banks, which lowered interest rates to near-zero, bought trillions of dollars of bonds and iffy assets such as mortgage-backed securities, and issued unlimited lines of credit to insolvent banks, i.e. unlimited liquidity.
- Central governments which could do so went on a borrowing / spending binge to boost demand in their economies, and pursued other policies designed to bring demand forward, i.e. incentivize households to buy today what they’d planned to buy in the future.
- This vast flood of low-cost credit and liquidity encouraged corporations to borrow money and use it to buy back their stocks, boosting per-share earnings and sending stocks higher for a decade.
Read more at:Understanding the Global Recession of 2019
An unknown but likely staggeringly large percentage of small business owners in the U.S. are an inch away from calling it quits and closing shop.
Timothy Leary famously coined the definitive 60s counterculture phrase, “Turn on, tune in, drop out” in 1966. (According to Wikipedia, In a 1988 interview with Neil Strauss, Leary said the slogan was “given to him” by Marshall McLuhan during a lunch in New York City.)
An updated version of the slogan might be: Turn Off, Tune Out, Drop Out: turn off mobile phones, screens, etc.; tune out Corporate Media, social media, propaganda, official and unofficial, and drop out of the status quo economy and society
Dropping out of a broken, dysfunctional status quo in terminal decline has a long history. The chapter titles of Michael Grant’s excellent account of The Fall of the Roman Empire identify the core dynamics of decline:
Read more at:Turn Off, Tune Out, Drop Out