• "Spreading the ideas of freedom loving people on matters regarding high finance, politics, constructionist Constitution, and mental masturbation of all types"

Trump's Economic & Winning Thread

ABC123

Silver Member
Silver Miner
Site Supporter
Joined
Apr 10, 2010
Messages
3,002
Likes
5,361
Appeals Court Dismisses Emoluments Clause Lawsuit in Huge Win For President Trump

The Fourth Circuit Court of Appeals on Wednesday dismissed a lawsuit filed by DC and Maryland claiming President Trump is violating the Emoluments Clause of the Constitution because foreign government officials stay at Trump’s DC hotel.

The attorneys general of DC and Maryland brought the lawsuit against Trump two years ago and the ruling from a unanimous three-judge panel asserting they lack the legal standing to bring the lawsuit is a big win for Trump.

The emoluments clause is a provision that bars US presidents from accepting gifts from foreign governments without permission from Congress first.

This is a huge win for Trump and Judge Paul Niemeyer, a George H.W. Bush appointee said they did not have the standing to sue President Trump.

“Indeed, there is a distinct possibility — which was completely ignored by the District and Maryland, as well as by the district court — that certain government officials might avoid patronizing the Hotel because of the President’s association with it,” Niemeyer wrote, according to The Hill.

“And, even if government officials were patronizing the Hotel to curry the President’s favor, there is no reason to conclude that they would cease doing so were the President enjoined from receiving income from the Hotel,” Niemeyer continued. “After all, the Hotel would still be publicly associated with the President, would still bear his name, and would still financially benefit members of his family.”

Trump’s personal lawyer Jay Sekulow called the ruling a “complete victory” for the president.

“The decision states that there was no legal standing to bring this lawsuit in the first place. This latest effort at Presidential harassment has been dismissed with prejudice,” Sekulow added.

Jay Sekulow calls 4th Circuit emoluments ruling a “complete victory,” for Trump. “The decision states that there was no legal standing to bring this lawsuit in the first place. This latest effort at Presidential harassment has been dismissed with prejudice,” he adds. pic.twitter.com/rKNihdGSY5

— Darren Samuelsohn (@dsamuelsohn) July 10, 2019

President Trump celebrated the win on Wednesday morning.

“Word just out that I won a big part of the Deep State and Democrat induced Witch Hunt.

Unanimous decision in my favor from The United States Court of Appeals For The Fourth Circuit on the ridiculous Emoluments Case. I don’t make money, but lose a fortune for the honor of serving and doing a great job as your President (including accepting Zero salary!),” Trump said in a pair of tweets Wednesday morning.

….serving and doing a great job as your President (including accepting Zero salary!).

— Donald J. Trump (@realDonaldTrump) July 10, 2019

President Trump suffered a set back last month in a separate lawsuit brought by over 200 rabid Congressional Democrats who are seeking a DC federal court to require that Trump get approval from lawmakers before he accepts any financial benefits from foreign governments.

https://www.blabber.buzz/conservative-news/612575-breaking-appeals-court-dismisses-emoluments-clause-lawsuit-in-huge-win-for-president-trump-special?utm_source=c-alrt&utm_medium=c-alrt-email&utm_term=c-alrt-GI
 

Uglytruth

Gold Member
Gold Chaser
Site Supporter
Joined
Apr 6, 2011
Messages
6,656
Likes
10,063
Tariffs work!

https://www.forbes.com/sites/jimcol...anufacturing-sector-will-impact-the-west/amp/

Pressures On China's Manufacturing Sector Will Impact The West
Jim CollinsContributor

Markets

China is exporting deflation to the rest of the world. That is a favorite quote of one of my favorite economists, Andrew Hunt. The tariff tension between the Trump and Xi administrations has greatly pressured the Chinese manufacturing sector this year. While cutting prices is one way to offset a 25% tariff–possibly the only way–that’s just not sustainable. The laws of economics dictate rising input costs over time, not falling ones, and Chinese manufacturers are feeling the squeeze.

The best source of this information is Spencer Fung, CEO of Li & Fung, a Hong Kong-based trading company. In this Bloomberg article, published today, Fung notes the race to the bottom among Chinese manufacturers to cut prices, and the somewhat fruitless race from global purchasers to source outside China. Reading the quote “Vietnam is full” was shocking to me, and the knee-jerk reaction by purchasers to move further southeast on the Asian continent is predictable, but will ultimately fail, I believe.



Spencer Fung, chief executive officer of Li & Fung Ltd., poses for a photograph in Hong Kong, China, on Friday, July 5, 2019. Li & Fung, the world’s largest supplier of consumer goods, says China’s factories are getting “urgent and desperate” as worried U.S. retailers accelerate a move out of the country amid heightened trade tensions. Photographer: Bobby Yip/Bloomberg
© 2019 Bloomberg Finance LP

It’s impossible to pinpoint an exact date, but with the transition from Deng Xioaping to Jiang Zemin in the early 1990s, China clearly moved toward liberalization of its economy. Jiang used the term “socialist market economy,” and as skeptical as many were in the West–I was just beginning my career on Wall Street then and China barely rated a whisper in global economic arguments–that socialist market economy has produced growth in the past 27 years at a rate not previously seen in modern times.

So, China has been investing in manufacturing infrastructure for the past three decades, and it is the fruit of that investment that can not be replicated in other southeast Asian countries. It is not even being attempted in the West, although President Trump has focused on regrowing American manufacturing.

Clearly, though, no country can do what China does from a manufacturing standpoint. Companies such as Apple, Nike and many others produce products in China, and it would be impossible to find a Western company that doesn’t source materials or goods from China, with retailers like Walmart at the top of that list.

The Chinese economy has pivoted to a downcycle very quickly. My favorite indicator–and the industry I have followed for the past 27 years–is the auto sector. Don’t let a minor bump in reported car sales in June in China fool you. Those were inventory clear-outs ahead of a new emissions regime (China 6, which began on July 1.) Wholesales of Chinese-made passenger vehicles actually fell 8.4% in June, and that metric has now declined in China for 13 consecutive months.

How is the socialist market economy dealing with this? Just like the rest of the world. On the day when Fed Chair Powell reassured Congress that the Fed’s spigot of free money would be loosened with a rate cut in a few weeks time, there is increasing speculation that the People’s Bank of China will lower interest rates soon, as well. That would be the PBOC’s first rate cut since October 2015.

So, as a U.S.-based investor, the implications are murky. China’s exported deflation helps companies like Apple and Nike fight the natural margin pressures inherent in selling consumer goods, but those companies are also depending on China to be a fruitful end market for an increasing proportion of those goods. The Chinese consumer’s slowdown makes that a much more difficult task.



Ultimately, the biggest fear is that margin pressures become too great for run-of-the-mill Chinese manufacturing companies to profitably manage. That would be the beginning of a credit contagion, the likes of which has not been seen since the Asian debt crisis of 1998. With interest rates so low–and set to go lower–by historical standards around the world, it is a reminder of my firm, Excelsior Capital Partners’ motto: cash flow never lies.

Coming off a year in which the aggregate profitability of Shanghai and Shenzhen-listed stocks fell 1.7%, I am expecting a much shaper decline in Corporate China’s profitability in 2019. The question becomes: at what point do Chinese companies feel so much pain that they cannot cut prices any further? At that point, exported deflation will cease to be a boon for Western economies.

I believe we are nearing that inflection point and Western consumers will have to deal with higher prices for consumer goods just as oil prices–which drive priced for plastics and many other goods in addition to gasoline–have broken through $60 per barrel on the West Texas Intermediate benchmark in today’s trading.

I think it’s going to be a very slow period for economic growth in the West in the second half of 2019. I don’t think earnings estimates for companies on either side of the Atlantic reflect that. So, as the market cheers Powell’s dovishness with yet another new all-time high today, I am ready–via Excelsior–to pounce on a quick move to the downside. With all the talk of market bubbles, deflation seems a very appropriate term.
 

ABC123

Silver Member
Silver Miner
Site Supporter
Joined
Apr 10, 2010
Messages
3,002
Likes
5,361
Russia Russia Russia
It was always Fake News.
Mueller such a Bad Actor.


Special counsel Robert Mueller’s claim of “sweeping and systematic” Russian meddling in the 2016 US election just took another body blow, as a federal judge ruled that his indictment of a ‘troll farm’ is not actual proof of it.
Mueller’s charges against Concord Management & Consulting, the Russian company accused of running a “troll farm” and “sowing discord” on US social media in 2016, do not establish a link between that private company and the Russian government, US District Judge Dabney L. Friedrich pointed out.

https://www.rt.com/usa/463880-judge-mueller-concord-russiagate/
1562849875775.png
 

ABC123

Silver Member
Silver Miner
Site Supporter
Joined
Apr 10, 2010
Messages
3,002
Likes
5,361

ABC123

Silver Member
Silver Miner
Site Supporter
Joined
Apr 10, 2010
Messages
3,002
Likes
5,361
Trump Lawyer: Video Shows Ex-Campaign Staffer Lied About Forcible Kiss
WHITE HOUSE
Trump lawyers: Video refutes ex-aide’s battery claims over kiss
By JOSH GERSTEIN 07/10/2019 09:32 PM EDT Updated 07/10/2019 11:30 PM EDT

Lawyers for President Donald Trump say video of his interactions with campaign staffer Alva Johnson before a Tampa rally in 2016 contradicts her claims he subjected her to an unwanted, forcible kiss.

Trump’s attorneys posted the 15-second video online Wednesday and cited it in pleadings filed with a federal judge handling a lawsuit Johnson filed in February claiming trauma from the interaction with Trump. Johnson also claimed that sex and racial discrimination impacted her pay while working as an outreach staffer for the campaign.
Trump lawyer Charles Harder said the recording shows Johnson’s suit is “unmeritorious and frivolous.”

“The Video shows that Plaintiff’s allegations in the Complaint that Mr. Trump ‘forcibly’ kissed her, and kissed her ‘on the mouth,’ are entirely false,” Harder wrote in a court filing. “In watching the Video, the only conclusion a reasonable person could reach is that the exchange was an innocent moment between a dedicated campaign staffer and the candidate for whom she was working.”

Trump’s attorneys also point out that just before the disputed embrace amid a gathering of other supporters in a recreational vehicle near the August 2016 rally, Johnson told Trump she’d been away from her family for eight months working for him.

After the kiss cited in the lawsuit, Johnson can be heard saying: “We're going to get you in the White House; I'll see you in February.”
Brian Hayes, a campaign volunteer, said in a legal declaration that he was in the RV at the time of the encounter and recorded the video on his mobile phone.
While Trump’s legal team cast the video as devastating for Johnson’s suit, her attorneys say the recording is a boon to her case because it confirms that she and Trump did interact in the RV on the date Johnson claimed.

“We are gratified and pleased that we finally have proof what Ms. Johnson has been alleging in this lawsuit,” said Hassan Zavareei, an attorney for Johnson. “It is basically exactly what Ms. Johnson has been saying.”

Zavareei said there are only minor differences from Johnson’s longstanding account. “She said Trump was holding her by the hands. In fact, he grabbed her by the shoulders. … Other than that, it’s basically identical to what she alleged,” her attorney said.

Asked whether the interaction is notably different from those frequently seen on rope lines at campaign events, Zavareei said: “I don’t regard it as innocuous. … Does it look dramatic? No. That does not mean it wasn’t a serious battery. It’s a battery because she didn’t want it to happen. It’s not an appropriate thing to do to another person.”

Johnson’s lawyer said her comments on the video were not surprising given that she has always said she didn’t fully appreciate the gravity of what Trump did until the so-called “Access Hollywood” tape emerged in October 2016, containing comments in which Trump boasted of using his fame to “grab” women by their genitals.
Zavareei also claimed the video contradicted public comments by Trump aides, advisers and spokespeople denying Johnson’s account. Most of those statements appear to be broad denials of Johnson’s claims, although Trump Florida campaign chief Karen Giorno told The New Yorker: “I don’t even recall Alva being on the R.V.” Giorno can be seen in the brief video clip of Johnson just released by the Trump camp.

Trump’s lawyers submitted a brief, personal declaration from him saying he had no recall of the encounter.

“I do not know plaintiff Alva Johnson or recall having any interactions with her,” he said. In the declaration signed by him in Washington on Wednesday, he also denied any involvement in “setting the specific salaries” of Trump campaign staffers.
Court papers show Johnson was questioned about the video during a deposition in Washington on Monday. She confirmed it depicted the episode she cited in her suit.

“That was the day, yes. … That is what happened,” she said. The full context of her remarks was not included in public court filings Wednesday, but Judge William Jung ordered Trump’s attorneys to submit the complete deposition transcript to him.


https://www.dropbox.com/sh/s9tuyj5s0o7ebqh/AAABTIrcxpY-WOcO3ANalmdEa?dl=0&preview=1.+Johnson+video.mov

video slowed down to 25% speed:

https://www.dropbox.com/sh/s9tuyj5s0o7ebqh/AAABTIrcxpY-WOcO3ANalmdEa?dl=0&preview=2.+Johnson+video+(25%25+speed).mp4

https://www.mediaite.com/trump/trump-lawyers-release-video-of-alleged-kiss-with-former-campaign-staffer-alva-johnson/

https://dailycaller.com/2019/07/11/trump-lawyer-video-battery-lied/


“I wasn’t close to him and I was wearing the baseball cap, but he had to pass me on his way exiting the RV. As he passed me, I said, ‘You go and do a good job, you kick ass, because I’ve been away from my family for a long time.’ And he stopped and he grabs my hind and he starts looking at me… He said, ‘I’m going to do a job, I’m not going to let you down. I know you’ve been away from your family.’ And he’s holding my hand, holding my hand, and then he starts coming towards me and so he’s still holding my hand, and I just had a lot of internal dialogue — like is he going to hug me? And then he keeps coming closer and I’m like ok is he going to hug and then I’m like oh my god I think he’s gonna kiss me, ’cause he was coming directly for my face. I mean, this is with the bill of the baseball cap. And when I realize he’s going to kiss my lips, I turn my mouth, he caught me right in the corner of my mouth and I was just kind of frozen. I didn’t know how to process it. I knew it was inappropriate because I worked in human resources. So I knew it was completely inappropriate, it was gross and creepy. Like I can sometimes still see those lips which — and so he walked out.”
 

Joe King

Gold Member
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
8,733
Likes
9,541
Location
Instant Gratification Land
Does it look dramatic? No. That does not mean it wasn’t a serious battery. It’s a battery because she didn’t want it to happen. It’s not an appropriate thing to do to another person.
then she should have said something to that effect, AT THE TIME. What a dumb broad!


comments in which Trump boasted of using his fame to “grab” women by their genitals.
He said they let him do that. If a woman let's a guy do that, she doesn't get to complain about it later. What a dumb broad!
...and her lawyer ain't too swift either.
 

Thecrensh

Gold Member
Gold Chaser
Joined
Jun 26, 2013
Messages
6,312
Likes
8,255

SongSungAU

Midas Member
Midas Member
Joined
Jun 8, 2010
Messages
6,476
Likes
10,008

ABC123

Silver Member
Silver Miner
Site Supporter
Joined
Apr 10, 2010
Messages
3,002
Likes
5,361
Prosecutors To Drop Trump Org Investigation With No Charges

A months-long federal investigation into whether Trump organization officials violated campaign finance laws appears to be coming to a close without a single charge being filed, according to CNN, citing people familiar with the matter.

New York federal prosecutors have been investigating whether company executives broke the law, "including in their effort to reimburse Michael Cohen for hush-money payments he made to women alleging affairs with his former boss, President Donald Trump," according to the report.

In recent weeks, however, their investigation has quieted, the people familiar with the inquiry said, and prosecutors now don't appear poised to charge any Trump Organization executives in the probe that stemmed from the case against Cohen.

In January, one month after Cohen was sentenced to three years in prison, prosecutors requested interviews with executives at the company, CNN reported. But prosecutors never followed up on their initial request, people familiar with the matter said, and the interviews never took place.

Meanwhile, there has been no contact between the Manhattan US Attorney's office and officials at the Trump Organization in more than five months, one person familiar with the matter said. -CNN

While the case has not been formally closed, it has gone about as cold as one can get.

Launched in the wake of former Trump attorney Michael Cohen's guilty plea on eight counts, two of which included campaign-finance violations for 'fixing' payments to two women who alleged affairs to Trump, prosecutors said in court filings that he was reimbursed by the Trump organization. A total of $420,000 was authorized in payments to Cohen to cover the payoffs, tax liabilities and a bonus. Company executives falsely recorded those payments as legal expenses, according to prosecutors.

In late February, Cohen testified before Congress, implicating several Trump Organization executives whom he said knew about financial misstatements and were involved in reimbursing him for the hush-money scheme. He provided lawmakers with copies of signed checks from Donald Trump Jr., the President's son who is now executive vice president of the company, and Allen Weisselberg, Trump Org's chief financial officer. Weisselberg had received immunity to testify before a grand jury in the Cohen case. -CNN

Yet despite Cohen's testimony and several months of investigation, this story appears to be yet another failed "gotcha" from the resistance.

https://www.zerohedge.com/news/2019-07-13/prosecutors-unlikely-charge-trump-org-execs-after-months-long-investigation
 

Joe King

Gold Member
Gold Chaser
Site Supporter
Joined
Mar 31, 2010
Messages
8,733
Likes
9,541
Location
Instant Gratification Land
A months-long federal investigation into whether Trump blah blah blah
So how many millions did this failed witch hunt cost?
 

ABC123

Silver Member
Silver Miner
Site Supporter
Joined
Apr 10, 2010
Messages
3,002
Likes
5,361
1563059896383.png
ANOTHER WIN FOR POTUS


President Donald Trump’s deputies may soon finalize a “safe third country” deal with Guatemala that would allow U.S. border officials to legally block most migrants from even applying for asylum, according to the New Yorker magazine.

The Guatemala deal would create a legal wall on the U.S. border that would prevent migrants from asking for asylum or getting released into the United States, according to the outlet:

According to a draft of the agreement, which The New Yorker has obtained, asylum seekers from any country who either show up at U.S. ports of entry or are apprehended while crossing between ports of entry could be sent to seek asylum in Guatemala instead … Under this new arrangement, most of these migrants will no longer have a chance to make an asylum claim in the U.S. at all. “We’re talking about something much bigger than what the term ‘safe third country’ implies,” someone with knowledge of the deal told me. “We’re talking about a kind of transfer agreement where the U.S. can send any asylum seekers, not just Central Americans, to Guatemala.”

Pro-migration advocates are appalled because they are concerned the agreement might effectively bar the catch and release of the many economic migrants who ask for asylum at the U.S. border.

https://www.breitbart.com/politics/2019/07/13/report-guatemala-may-build-legal-wall-against-migrants/
 

ABC123

Silver Member
Silver Miner
Site Supporter
Joined
Apr 10, 2010
Messages
3,002
Likes
5,361
1563219903767.png
Treasury Announces Federal Financial Literacy Reform Efforts in New Report


can quit giving stupid people money..this won't solve it but it's a step in right direction
WASHINGTON – The Department of the Treasury and Financial Literacy and Education Commission (FLEC) today released its report Federal Financial Literacy Reform: Coordinating and Improving Financial Literacy Efforts. The Report highlights the importance of financial literacy and education for all Americans, identifies ways to efficiently and effectively deliver financial education, and recommends actions to improve federal efforts to build financial capacity for consumers and communities.

“The Trump Administration is committed to creating the conditions for everyone to benefit from the increased economic growth our Nation is experiencing, and financial literacy is a key component of this effort,” said “Treasury Secretary Steven T. Mnuchin. “This report advances our mission to empower Americans to make independent financial decisions, build individual wealth, and save for retirement.”

The United States Government spends approximately $273 million annually on financial literacy and education programs. However, a 2012 Government Accountability Office report found that some of the Government’s financial education efforts lacked meaningful coordination, failed to monitor effectiveness, or completed a formal evaluation of their impact. The Report recommends addressing these shortcomings through better coordination, prioritization, and partnership with the private sector and state, local, and tribal governments. In order to reach its findings, the Treasury Department thoroughly reviewed research on financial education and consulted with a broad array of experts, practitioners, and stakeholders. Consultations included academic researchers, nonprofits, state and local governments, trade associations, and other private sector entities.

Best practices for financial education are identified based on the research and experience of many technical experts. These best practices can improve both policy-making and delivery of financial education. A new structure for the Financial Literacy and Education Commission (FLEC) that sets forth clear roles and expectations is proposed to implement these recommendations.

The report and recommendations can be summarized in four categories:

Governance of Federal Financial Literacy and Education Efforts
The FLEC should determine a structure to liaise more consistently with intermediaries and stakeholder groups.
Coordination of Programs and Proposals for High Impact
Treasury recommends better coordination strategies and potential outcome evaluation measures across six high-impact areas that could better frame and streamline federal financial literacy resources.
Best Practices for Delivery of Financial Literacy and Education
Treasury recommends that financial education providers adopt the CFPB’s “Five Principles of Effective Financial Education,” in addition to three newly identified best practices based on Treasury’s stakeholder outreach.
Future Challenges and Opportunities
Treasury recommends that financial education programs evolve to teach consumers how to make informed decisions with respect to new digital financial products and services.
To coordinate the federal government’s financial literacy efforts, FLEC was established by law in 2003. The FLEC is made up of the heads of 22 federal agencies and the White House Domestic Policy Council. Chaired by the Secretary of the Treasury, the FLEC is tasked with improving “the financial literacy and education of persons in the United States through the development of a national strategy” that promotes participation by the public and private sectors.
Full release here
https://home.treasury.gov/system/files/136/FFLRCoordinatingImprovingFinancialLiteracyEfforts.pdf
https://home.treasury.gov/news/press-releases/sm728