Biden Oligarchy Partners with Kazakh Oligarch

Meet Kenes Rakishev who has business interests in metals & mining, oil & gas, finance, and technology. His tech investments, made privately or through Singulariteam, cover a range of innovative companies, mostly in the fields of augmented reality, virtual reality, artificial intelligence, advanced robotics and blockchain technology. One particular financial adventure of Rakishev is the IQCard provides advanced financial services for the Russian retail market. Founded in 2012 with the support of Direct Group and Rakishev’s Fastlane Ventures, IQCard has developed affordable, convenient, and reliable payment solutions that include online banking services, bonus programmes and a loyalty programme.

Kenes Rakishev and Moshe Hogeg - The Decision to Merge Sirin Labs with a Cyber Security Company

This emerging scandal has all the hallmarks of Hillary Clinton and the Clinton Foundation which manifested during her time as Secretary of State and it has the appearance of the same while John Kerry was Secretary of State. Note that John Kerry has endorsed candidate Joe Biden and the Bidens interaction with Alexandra Forbes Kerry, John Kerry’s daughter.

Hunter and Joe Biden with Kenes Rakishev (far left), and Kazakhstan’s former prime minister, Karim Massimov.

From the NYP:A new photograph has emerged of Democratic presidential nominee Joe Biden posing with Hunter Biden and Kenes Rakishev, a Kazakh oligarch who reportedly worked with the former veep’s scandal-scarred son.

The snap, first published by a Kazakhstani anti-corruption website in 2019, follows last week’s bombshell Post exposés detailing Hunter Biden’s overseas business dealings and a report claiming Rakishev paid the Biden scion as a go-between to broker US investments.

In the undated photo, shared by the Kazhakhstani Initiative on Asset Recovery, the former vice president can be seen smiling with Kazakhstan’s former prime minister Karim Massimov and his son, who is flanked by Rakishev.

A Daily Mail report published Friday detailed Hunter Biden’s alleged work with Rakishev, claiming he dined regularly with the Kazakh businessman and attempted to facilitate investment for his cash in New York, Washington, DC, and a Nevada mining company.

But Rakishev, who enjoys close ties to Kazakhstan’s kleptocratic former president, reportedly ran into trouble when Western business partners realized that the opaque origins of his reported $300 million fortune could become a “liability,” the Mail reported.

The photo’s authenticity has not been independently verified but comes as the family faces growing scrutiny over Hunter Biden’s overseas business interests while the elder Biden was President Barack Obama’s vice president.

The Post published emails last week indicating Hunter Biden introduced his father to a Ukrainian oil executive before the veep pressured Ukrainian government officials to fire the prosecutor involved in an investigation of the shady organization a year later.

Biden’s campaign denied that the septuagenarian candidate had an “official” meeting with Vadym Pozharskyi but later conceded they couldn’t rule out that a meeting may have happened.

Other emails believed to be from Hunter Biden showed him leveraging links with his influential dad to boost his pay on the board of Ukrainian energy company Burisma.

Further reporting includes:

The Daily Mail reported.

The British tabloid said they obtained emails from “anti-corruption campaigners” in Kazakhstan showing Hunter making contact with Rakishev and attempting to facilitate investment for his cash in New York, Washington DC and a Nevada mining company.

Through his connections, emails show Hunter Biden successfully engineered a $1 million investment from Rakishev to filmmaker Alexandra Forbes Kerry — the daughter of ex-Sen. and former Democratic presidential nominee John Kerry, the report said.

Hunter Biden also traveled to the country’s capital of Astana for business talks.

Rakishev, however, repeatedly ran into problems finding western business partners due to the murky origins of his wealth. The respected International Finance Corp. pulled out a planned deal with him over “liabilities” stemming from his connections to the country’s rulers.

As in other nations like Ukraine and China where Hunter plied his trade, Joe Biden may not have been far behind. The Mail published a photo they obtained from the “Kazakhstani Initiative on Asset Recovery” showing Hunter Biden with his beaming father alongside Rakishev.

Hunter Biden and Rakishev also enjoyed a long and chummy personal correspondence as well, alleged emails show.

“I’m on vacation with family [at] Lake Michigan . . . trying to spend some much needed time with my wife and daughters. It’s my 20th anniversary of marriage tomorrow,” Hunter told Rakishev in 2013. Source

Truth: There are 600,000 Hillary Emails, not 30,000 per FBI

Under former FBI Director Comey, the Bureau actually did manipulate political cases in 2016. Get set and read on.

This article is adapted from “October Surprise: How the FBI Tried to Save Itself and Crashed an Election,” which will be published Sept. 22 by PublicAffairs. The book is a comprehensive, revealing and dramatic look inside the bureau’s role in the 2016 presidential election.

Wednesday, Oct. 19, 2016 — The pressure had been building on Special Agent John Robertson for weeks, and the case agent tasked with investigating former congressman Anthony Weiner’s digital correspondence with a 15-year-old girl felt a growing sense of alarm that the next casualty of this crazy presidential election would be his FBI career.

At first glance, Robertson did not look much like an FBI agent. He had long brown hair he often kept pulled back. He liked to say the long hair, combined with a frequent work wardrobe of jeans, flannel shirts and T-shirts, softened his appearance and made it easier for victims of sex crimes to talk to him.

Among colleagues, Robertson was respected as a dedicated agent who had a knack for quickly developing a rapport with witnesses and victims. But this empathy also meant that at times he became emotionally invested in his cases.

After six years working organized and white collar crime, Robertson had switched over to the FBI New York office’s C-20 unit, investigating sex crimes against children. These cases require the mental fortitude to sift through thousands of images of grotesque and often sadistic treatment of children. For that reason, the members of the C-20 squad are essentially volunteers. Under FBI rules, agents working those cases can raise their hands at any time and ask for a new assignment.

“They do say, before you come on this squad, be ready to lose your faith in humanity,” Robertson told the television show “Inside the FBI: New York.” But he added, “There’s a sense of satisfaction that I have not had anywhere else.”

Working out of his cubicle in an office building in Lower Manhattan, Robertson was pursuing allegations in September 2016 that Weiner had sent sexually explicit messages to a teenage girl in another state. The case was another major setback for Weiner, a politician who once seemed to have a bright future after rising from New York City councilman to leading member of Congress. He had already immolated his political career with not one but two separate sexting scandals — the second as he tried to make a comeback with a run for mayor of New York. Weiner’s wife, Huma Abedin, had worked as a close aide to Hillary Clinton for years. After the texting allegation surrounding a teenage girl surfaced, Abedin announced she was separating from Weiner.

11_06_weinerabedin_01 Longtime Hillary Clinton aide Huma Abedin, right, and her estranged husband, Anthony Weiner, in 2013. Reuters

For Robertson, the Weiner case was not the problem. Or at least, it was not the biggest problem. The more pressing issue was the hundreds of thousands of Abedin’s emails, including many that were to or from Clinton, that Robertson had found on Weiner’s laptop in late September, when he had gotten a search warrant to look for possible images of sex crimes involving children.

While the full role of Robertson in the investigation into Clinton’s emails is being described here for the first time, in 2018 RealClearInvestigations reported that he was the only male agent listed in court filings on the Weiner case and that Robertson worked on a New York squad investigating crimes against children..

After flagging the issue of the Abedin emails to his supervisors at the end of September, he had heard nothing.

“The crickets I was hearing was really making me uncomfortable because something was going to come down,” Robertson later told internal investigators. “Why isn’t anybody here? Like if I’m the supervisor of any [Counterintelligence] squad … and I hear about this, I’m getting on with headquarters and saying ‘hey some agent working child porn here may have [Hillary Clinton] emails. Get your ass on the phone, call [the case agent], and get a copy of that drive,’ because that’s how it should be.

And that nobody reached out to me within, like, that night, I still to this day don’t understand what the hell went wrong.”

Robertson was hoping to get some real answers, or at least some assurance that the issue was not being swept under the rug. He wondered if the prosecutors on the Weiner case, Amanda Kramer and Stephanie Lake, could get the attention of the U.S. Attorney for the Southern District of New York, Preet Bharara. Robertson thought Bharara might “kick some of these lazy FBI folks in the butt and get them moving.”

When he got to Kramer’s office on Oct. 19, she asked him, “What’s up?” Sitting in a chair, Robertson exhaled deeply and began talking, his knee pumping much of the time. He had told his bosses about the Clinton emails weeks ago. Nothing had happened. Or rather, the only thing that had happened was his boss had instructed Robertson to erase his computer work station. Ostensibly, that was to ensure there was no classified material on it. But it also meant there was no record of what Robertson had done, or had not done, with the laptop information. He was starting to feel like he was going to be made a scapegoat, and he was freaking out. He had already talked to a lawyer.

The prosecutors tried to both calm him down and warn him that going outside regular channels could destroy his career.

“I’m a little scared here,” he told Kramer and Lake. “I don’t care who wins this election, but this is going to make us look really, really horrible.” Chief among his concerns was that James B. Comey’s testimony to Congress in July and September about the number of Clinton emails at issue was now outdated and incorrect.

A big admirer of Comey, Robertson worried the FBI director had not been told what was going on, and that ignorance would come back to bite not just him but the entire FBI. And Robertson feared that when that happened, he, the lowly case agent, would be blamed.

The prosecutors, Kramer and Lake, thought Robertson was getting paranoid. They also gave him a blunt warning: If Robertson decided to tell outsiders about the emails, he could be prosecuted. The legal rationale behind such a scenario is faulty at best — the fact of the emails’ existence on the laptop was not classified. If Robertson had decided to tell a lawmaker or a reporter about them, that could be a fireable offense, but probably not a criminal one.

Rather than having his doubts and suspicions quelled by the prosecutors, he left the meeting even more alarmed.

The next day, the two prosecutors on the Weiner case were still worried about their case agent, and they thought he might act out in some way. So they went to see their bosses to talk about the laptop issue and Robertson’s concerns. Joon Kim, the second-in-command at the U.S. attorney’s office, decided to bring the issue to his boss Bharara. They wanted to take some action that would satisfy Robertson, but they also did not want to meddle in the FBI’s internal chain of command. Kim thought it was not really SDNY’s business.

Bharara was generally on the same page as Kim. If the agent was so agitated, the prosecutors should do something, but Bharara was wary of getting out of his lane on a high-profile case like the Clinton emails. Bharara’s office did not have a role in that investigation; he could not just go butting into it without potentially angering a whole slew of senior officials at both the Justice Department and the FBI. Better to reach out to Deputy Attorney General Sally Yates’s office just to be safe, Bharara decided.

Robertson, however, continued to privately boil at the apparent inaction all around him. That lunch hour, he sat down at a computer and wrote an email with the subject “Letter to Self.”

In the coming years and months, FBI and Justice Department officials far higher up the chain — including Comey — would write similar memos, seeking to document sensitive conversations in real time and protect their reputations as they dealt with investigations of political figures. Robertson’s email — which has not been previously disclosed — was the first in that pattern, revealing a crisis of conscience that would repeat and reverberate throughout the FBI, the Justice Department and the country in ways no one could predict.

“I have very deep misgivings about the institutional response of the FBI to the congressional investigation into the Hillary Clinton email matter,” Robertson wrote, adding, “however, I am not an institutional representative of the FBI. I do not have the authority (or competence, I suppose) to make determinations of this nature.”

Robertson’s lawyer had told him to tell his boss, a supervisory special agent, and leave any further action to his superiors.

“Put simply: I don’t believe the handling of the material I have by the FBI is ethically or morally right. But my lawyer’s advice — that I simply put my SSA on notice should cover me — is that I have completed CYA, and I have done so,” Robertson wrote, using the acronym for “cover your ass.”

“Further, I was told by [Kramer] that should I ‘whistleblow,’ I will be prosecuted, and she wished to ‘talk me out of it’ should I want to whistleblow. I was informed that this material” — the Clinton emails on Weiner’s laptop — “was obtained after the subpoena was served, and the subpoena is only for materials possessed at the time of service.”

He meant a Congressional subpoena for all Clinton emails in the FBI’s possession applied only to the original tranche of roughly 30,000 she had turned over from her server.

“I consider that lawyerly bulls—,” Robertson continued. “I possess — the FBI possesses — 20 times more emails than Comey testified to (approx. 30,000 I believe. I have 600,000+). While Comey did not know at the time about what I have, people in the FBI do now, and as far as I know, we are being silent. Further, while I have no authority in my warrant to look into the emails (and I have stuck to my limited search authority), the mere existence of these emails is sufficient to give me pause when I see that we (FBI) have been served with a subpoena for all materials related to HC.

“I am not going to whistleblow.

“If I say or do nothing more, I am falling short ethically and morally. And later, I may be accused of being a Hillary Clinton hack because of the timing of all this. Nothing could be further from the truth. I am apolitical.

“But if I say something (ie, whistleblow), I will lose my reputation, my career, and risk prosecution.

“I will also be accused of being a Donald Trump hack. Again, nothing could be further from the truth.”

“If this were for a cause greater than a politicized congressional investigation that will have no bearing on the outcome of a pathetic presidential race, I would consider speaking up against legal advice. But I suppose I shall lose sleep over this, and not my career and reputation.”

At 12:44, Robertson clicked Send on the email to himself. He had put it all down in writing, should someone come looking. He was certain someone would.

Despite Robertson’s doubts, or perhaps because of them, the wheels of bureaucracy were slowly starting to spin. The following week, a senior Justice official asked the FBI what was going on with the Weiner laptop.

At FBI headquarters, senior officials, having been told a month ago about the emails on the Weiner laptop and done little or nothing, scheduled a briefing for Comey for Thursday, Oct. 27.

Comey’s second-in-command, Deputy Director Andy McCabe, was out of town but called in to the meeting, but after some prodding by Jim Baker, the FBI’s top lawyer, Comey suggested McCabe should back out of the discussion.

At the time, McCabe was under pressure over a story I had written about hundreds of thousands of dollars in campaign donations that Virginia’s Democratic governor, Terry McAuliffe, had made to McCabe’s wife’s failed 2015 run for political office. FBI officials also knew I was working on a follow up piece about internal FBI concerns over McCabe’s role in an investigation of the Clinton Foundation.

Publicly, the FBI staunchly defended McCabe, saying there was no ethical issue and he and the Bureau had done everything right. Privately, Comey and his senior advisers felt McCabe should step away from the Clinton cases.

“I don’t need you on this call,” Comey said finally to McCabe who grudgingly accepted his boss’s determination and hung up.

Once Comey and the rest of his aides got down to discussing the issue, they quickly agreed they needed to seek a search warrant for the Clinton emails on the Weiner laptop. Comey felt there was another, larger issue to be tackled: He believed he had an ethical obligation to notify Congress that the case was being reopened. That view was not shared by everyone around the table.

Over the course of two meetings on consecutive days, the group considered a number of scenarios, most of which involved the FBI being blamed in one form or another for helping elect Hillary Clinton. By their own measure, they did not discuss the other possibility — whether Trump could benefit and win, and if the FBI might be blamed for that.

By his own telling, Comey explicitly ruled out even considering whether his actions might elect Trump, arguing it would be fatal for the FBI to consider the political consequences of their actions. “Down that path lies the death of the FBI,” he declared.

It was not just Comey who thought that way. Among his senior advisers, few gave much credence to the idea that Trump had a real shot of winning the election.

That Friday, Comey sent a short letter to Congressional leaders announcing the FBI “has learned of the existence of emails that appear to be pertinent to the investigation.”

Pandora’s box had been opened.

As news of the reopened investigation engulfed cable news, Special Agent Robertson wrote himself another email. The fear and anger of the past month had given way to satisfaction and relief.

“Someone in the chain of command had the sense to inform the director and I am elated to have learned that he did the right thing,” Robertson wrote at 4:30 that day. “I suppose I should have had greater faith in the FBI, but this is a different matter.”

 

Mook, Clinton’s Campaign Manager Hired Fusion GPS and Elias

Campaign manager Robby Mook contrasts Hillary Clinton ...

source

British judge orders Christopher Steele to pay damages to Russian bankers named in dossier

A court in the United Kingdom ordered British ex-spy Christopher Steele to pay thousands in damages to two Russian bankers named in the former MI6 agent’s dossier as having “illicit” financial ties to Russian President Vladimir Putin.

Justice Warby of the Queen’s Bench Division of the British High Court of Justice presided over a weeklong March hearing in the defamation lawsuit brought by the owners of Russia’s Alfa Bank, Petr Aven, Mikhail Fridman, and German Khan, against Orbis Business Intelligence, Steele’s private intelligence firm through which he conducted research in 2016 for Fusion GPS through the Perkins Coie law firm on behalf of Hillary Clinton’s campaign and the Democratic National Committee.

Steele made a series of allegations related to the Russians and their connection to Putin in “Memorandum 112” of his dossier which was used in the FBI’s Russia investigation, and Sir Mark David John Warby ruled Wednesday that one of the assertions, that former Alfa executive and current Russian government official Oleg Govorun was used by Aven and Fridman to deliver “large amounts of illicit cash” to Putin when he was deputy mayor of St. Petersburg, was demonstrably false and worthy of fines of more than $22,000 that will be paid to Aven and Fridman.

“I have found that the ‘illicit cash’ allegation was inaccurate,” Justice Warby ruled, saying its disclosure to Fusion GPS and to government officials violated the U.K.’s Fourth Data Protection Principle, which states that personal data processed for law enforcement purposes must be accurate. “The personal data about the delivery of ‘illicit cash’ to Mr. Putin did amount to sensitive personal data about alleged criminality … My conclusion is that I should award each of the first and second claimants compensation in the sum of £18,000.”

The judge ruled that Steele’s claims about Govorun were demonstrably “untrue” because “there is documentary evidence that Mr. Putin ceased to be Deputy Mayor in June 1996, and that Mr. Govorun was first employed by Alfa Bank on 3 March 1997.” The judge said Steele “admitted in cross-examination that Govorun was not working for Alfa before 1997, and that his source had erred in that respect,” and yet “he refused to accept that this meant that Memorandum 112 was inaccurate.” The judge said Steele “cavilled” by “suggesting that it might be the case that Govorun was used to deliver illicit cash to Mr. Putin in the late 1990s, after his stint as Deputy Mayor.” The judge said: “There is no evidence to support that. Even if there were, the Memorandum would remain inaccurate and misleading.”

Justice Warby did rule, however, that Steele “took reasonable steps to ensure the accuracy of propositions” in his dossier related to the allegations of “favours, foreign policy advice, recent direct meeting, and political bidding.”

DOJ Inspector General Michael Horowitz’s report shows Steele also pushed the now-debunked claim that Alfa Bank was a secret conduit between Trump campaign manager Paul Manafort and the Kremlin during an early October meeting with State Department figures Jonathan Winer and Kathleen Kavalec. Steele also told DOJ official Bruce Ohr in late September the Alfa Bank server was a link to the Trump campaign and that the Russia-American organization belonging to “Person 1” used the Alfa Bank server two weeks prior.

Horowitz criticized the Justice Department and the FBI in December for at least 17 “significant errors and omissions” related to the FISA warrants against Trump campaign associate Carter Page in 2016 and 2017 and for the bureau’s reliance on Steele’s unverified dossier. Robert Mueller said his special counsel investigation “identified numerous links between the Russian government and the Trump campaign” but “did not establish that members of the Trump campaign conspired or coordinated with the Russian government in its election interference activities.”

The British judge reached other conclusions in his 57-page ruling.

“Mr. Steele’s evidence is that he now believes the Ultimate Client was the Democratic National Committee,” Justice Warby said. “[Steele’s lawyer] Mr. Millar submits that the Ultimate Client was the Clinton election campaign, ‘Hillary for America.’ This is in line with the FBI Note of 5 July 2016, which records Mr. Steele telling the FBI that Orbis had been instructed by Mr. Simpson of Fusion and ‘Democratic Party Associates’ but that ‘the ultimate client were (sic) the leadership of the Clinton presidential campaign.’ The FBI Note also indicates that Mr. Steele had been told by that stage that Mrs. Clinton herself was aware of what Orbis had been commissioned to do.”

The judge added that Steele knew his dossier might be used to “challenge the eventual outcome of the Presidential Election.”

Steele testified in March that he met with Michael Sussman and Marc Elias, two top lawyers for the Perkins Coie law firm which represented the Clinton campaign and the DNC, in 2016.

He testified Sussman provided him with the claims about Alfa Bank’s purported ties to Putin during a late July meeting. These allegations made their way into a mid-September 2016 memo that became part of Steele’s dossier, although Steele repeatedly misspells “Alfa” as “Alpha.” Shortly after writing that memo, Steele met with Elias, who was the general counsel for Clinton’s campaign and personally hired the opposition research firm Fusion GPS in April 2016. Fusion GPS co-founder Glenn Simpson hired Steele in June 2016.

“I’m very clear that the first person that ever mentioned the Trump server issue, Alfa server issue, was Mr. Sussman,” Steele told Alfa Bank’s lawyers in March. Steele also said, “I was given the instruction sometime after that meeting by Mr. Simpson.”

Horowitz said the FBI dismissed the Alfa Bank Trump-Russia cyber collusion claims. Recently declassified footnotes also show the bureau was aware Steele’s source network might have been compromised by Russian disinformation.

Former FBI General Counsel James Baker testified in 2018 that Sussman, a former DOJ colleague of his, separately shared the Alfa Bank claims with him during a September 2016 meeting. And notes from Ohr’s December 2016 meeting with Simpson show Simpson said the New York Times was wrong to doubt the Alfa Bank server story.

Elias told House Intelligence Committee investigators that he was aware of Fusion GPS’s plans to have Steele brief reporters about his anti-Trump research in 2016. Elias said he was “aware that he talked to media outlets in that time period” and knew about the meetings before they happened.

Robby Mook, Clinton’s presidential campaign manager, said in 2017 he authorized Elias to hire an outside firm to dig up dirt on Trump and Russia. Mook said Elias was receiving information from Fusion GPS in 2016, and Elias periodically briefed the Clinton campaign.

The FBI told Steele in October 2016 it was looking into a variety of Trump associates, and Steele passed along at least some of this to Fusion GPS.

Perkins Coie was paid more than $12 million between 2016 and 2017 for representing Clinton and the DNC. According to Simpson, Fusion GPS was paid $50,000 per month from Perkins Coie, and Fusion GPS paid Steele roughly $168,000. Full document of decision is found here.

Sanction China by Stopping World Bank Loans to CCP

Decoupling the United States from China is a convoluted and complicated process. Some lawmakers make it sound easy by just terminating manufacturing agreements by U.S. companies and bring it stateside. Ah but hold on…it is important to know some other details that lawmakers on both sides of the aisle are not telling you.

Consider the items below:

1.  Commerce Department official warned Congress recently that China is raising billions of dollars in U.S. capital markets and the activity could undermine American security.

Nazak Nikakhtar, assistant secretary for international trade at the Commerce Department, testified last month that Chinese companies raised $48 billion from American capital markets from 2013 through the end of last year.

Ms. Nikakhtar told the congressional U.S.-China Economic and Security Review Commission that 172 Chinese companies in September were listed on the three largest U.S. exchanges — Nasdaq, the New York Stock Exchange and the NYSE American — with a total market capitalization of more than $1 trillion. More here.

Confucius Institutes and U.S. Exchange Programs: Public ...

2. Charles Lieber, the chair of Harvard University’s Department of Chemistry and Chemical Biology, and two Chinese nationals who were researchers at Boston University and a Boston hospital were charged by the U.S. Justice Department with lying about their purported links to the Chinese government. But hold on, it is much worse. China has a real impact on all levels of the U.S. education system. The Senate Permanent Subcommittee on Investigations issued a 96 page report describing the Confucius Institute and how those agreements work with domestic universities. Further, major universities failed to report the other monies they receive from China among other countries. It is shocking how foreign money has infiltrated the U.S. education system and to learn which country does what and how much, click here.

China moon landing: Spacecraft makes first landing on moon ...

3. China launched its Long March 5B rocket into space. This is an effort by China to build a modular space station. It did however fall out of orbit falling for the most part into the Atlantic Ocean off the coast of Africa near the Ivory Coast. Additionally, as China continues to launch at least 12 more space operations it already has landed on the dark side of the moon. China and Russia are in fact collaborating on lunar operations including for shared bases. Russia’s operations coordinating with China are centered and funded by Roscosmos for Space Activities and the Skulkovo Foundation. This is the foundation where Hillary Clinton created U.S. technology (Silicon Valley) and Skulkovo via the Clinton Foundation via a major donor known as Viktor Vekselberg. This is the other scandal of technology transfer(s) to rogue nations.

4. We are already somewhat versed in Chinese complicity in the pandemic and the World Health Organization but lets go to the World Bank shall we? As of early 2019, China was sitting on cash reserves of some $3 trillion. It is the world’s second-largest economy, behind the U.S. It directly lends more money to other nations each year than the $2 billion or so it borrows from the World Bank annually. The World Bank, based in Washington, D.C., was established after World War II to help European countries rebuild. Its mission has evolved over the years and is now to finance development in low- and middle-income countries with the goal of eliminating extreme poverty.

“From a pure economic vantage point, there is no good reason for the World Bank to continue making loans to China,” says Eswar Prasad, a professor of economics at Cornell University.

“The Chinese don’t need the money,” Prasad says. “There is a glaring optics problem.” He adds that the argument could be made that the money lent to China could be put to better use elsewhere.

And it’s not as if the World Bank has an infinite amount of money to parcel out. Its lending budget, drawn from reserves, donations and the interest it earns on capital, is limited. So a dollar lent to China is a dollar that is not available for a project somewhere else in the world. The Trump administration, which regularly beats up on China, accusing it of manipulating global trade rules for its own benefit, has blasted the World Bank for lending too much to China.

Prasad says the World Bank’s lending to China is becoming “untenable” and will have to stop fairly soon.

Bert Hofman, the World Bank’s country director for China, says the amount of money China is borrowing each year from the global bank is just a small fraction of what the country is investing each year in domestic programs. And he believes that a motivation for China’s borrowing goes beyond money.

“The reason they still borrow is because they feel that the expertise of the World Bank is valuable to them,” Hofman says.

World Bank loans come with advisers and auditors who help implement (and monitor) bank-funded projects.

China gets access to international experts. The World Bank remains engaged with China and is able to see how new projects play out in this booming middle-income country. Hofman sees it as a win-win.

Prasad agrees that there are still some good reasons for the World Bank to remain engaged with China. Many of the bank’s loans to China are for projects addressing climate change and mitigating pollution from the country’s booming factories.

“The risk the World Bank faces is that if it only lends to very poor countries, it might end up not having much of a role to play in the large, fast-growing emerging-market economies,” Prasad says. “So the World Bank, in a bid to remain relevant and push its agenda on issues such as climate change and social development, has continued to lend to China.” More here.

***

The World Bank said its board adopted a new plan to aid China with $1 billion to $1.5 billion in low-interest loans annually through June 2025, despite the objections of U.S. Treasury Secretary Steven Mnuchin and several U.S. lawmakers.

World Bank approves $300mn for agriculture reforms in ...

Mnuchin told a House Financial Services Committee hearing that the Treasury’s representative on the board had objected on to the plan on Wednesday, adding he wants the World Bank to “graduate” China from its concessional loan programs for low- and middle-income countries.

The five-year lending strategy plan was published on Thursday afternoon after the World Bank’s board “expressed broad support” for the multilateral development lender’s engagement in China’s structural and environmental reforms.

The World Bank said its lending would decline over the “country partnership framework” plan, in line with reformsagreed under a $13 billion capital increase agreed in 2018.

The World Bank loaned China $1.3 billion in the fiscal 2019 year ended June 30, down from about $2.4 billion during fiscal 2017. The new plan calls for lending to “gradually decline” from the previous five-year average of $1.8 billion.

“Lending levels may fluctuate up and down from year to year due to normal pipeline management based on project readiness,” the World Bank said in its plan.

*** So we have a collection of reparation options due to the pandemic when it comes to China, we have a building space battlefield, we have corruption within China and now we have the U.S. at major odds with the Chinese Communist Party’s in violation of the One Country, Two Systems Act of 1997 with regard to Hong Kong. Secretary of State Pompeo declared to Congress that Hong Kong was no longer autonomous with The CCP which is correct but this will spark continued hostilities between the two nations even as naval conflicts continue in the South China Sea.

None of this will be easy but the reader should know more details to assess what may be ahead in global relations.

 

Carter Page Sues all of Them

As closing arguments are delivered in the Senate impeachment trial, one must note that the House Manager’s Team has made the same points day in and day out while overlooking the other part of the whole concocted scheme against President Trump. The other part is the successful plot against Donald Trump that was launched many months before he even took the Oath of Office for the presidency, Crossfire Hurricane. Carried through to Mueller investigation, it is proven that the ‘dossier’ was complied using foreign entities, some still unnamed.

That plot, using foreign interference was to interfere in our domestic election process. The choreographed operation continued through to the end of the impeachment trial in the Senate. Once, Trump is acquitted, brace for impact as the LEFT will not stop unless they are exposed in full and perhaps that will begin in earnest by two channels. The work pledged by Senator Lindsey Graham is characterized as a systematic examination of all things stemming from the contentious phone call between President(s) Trump and Zelensky. The other channel is the lawsuit filed by former volunteer foreign policy advisor, Carter Page.

Did Carter Page contacts give Obama FBI window into Trump ...

Page is suing the Democrat National Committee, Perkins Coie, LLP. and Michael Sussman. Carter Page has requested a trial by jury.

In a short summary of the Carter complaint:

As part of this effort, Defendants developed a dossier replete with falsehoods about numerous individuals associated with the Trump campaign—especially Dr. Page. Defendants then sought to tarnish the Trump campaign and its affiliates (including Dr. Page) by publicizing this false information.

Defendants’ efforts mobilized the news media against Dr. Page, damaging his reputation, and effectively destroying his once-private life. The Defendants’ wrongful actions convinced many Americans that Dr. Page is a traitor to the United States, and as a result he has received—and continues to receive—multiple death threats. Dr. Page’s businesses have suffered greatly from the false, malicious information spread by Defendants.

In short, Defendants’ actions have not only damaged Plaintiffs’ reputations and financial prospects, they have even caused Dr. Page to reasonably fear for his safety. Defendants misrepresented Dr. Page’s connections to and interactions with certain foreign nationals in order to create the false impression that Dr. Page—who served his country honorably in the United States Navy and in the private sector—was in fact an agent of a foreign power, Russia. Defendants leveraged these fabrications within the Federal Bureau of Investigation (“FBI”) and the United States Department of Justice (“DOJ”), leading these agencies to present false applications to the Foreign Intelligence Surveillance Court (“FISC”).

As a result, Dr. Page was wrongfully and covertly surveilled by the United States government pursuant to Foreign Intelligence Surveillance Act (“FISA”) warrants for more than a year, and has seen his reputation ruined and his personal safety threatened.

For clarity on the Defendants:

Defendant Perkins Coie LLP (“Perkins Coie”) is an international law firm with over 1,000 lawyers. Perkins Coie has twenty offices worldwide, and its Chicago office has about 144 lawyers and officers. Approximately 67 Perkins Coie partners operate out of the Chicago office.

Defendant Marc Elias is a natural person who is domiciled in Washington, DC. He is a Partner at Perkins Coie. Elias represents the DNC, Democratic Senatorial Campaign Committee, Democratic Congressional Campaign Committee, National Democratic Redistricting Committee, Priorities USA, Senate Majority PAC and House Majority PAC. Elias also represented then-U.S. Senator from Illinois Barack Obama from at least as early as 2006, including throughout the period that Obama served as United States President and titular head of the DNC. Elias has served as chair of Perkins Coie’s political law practices since after the start of the Obama Administration in 2009. In 2016, he organized the opposition research which led to the U.S. Government’s surveillance abuse against Plaintiff.

Defendant Michael Sussman is a natural person who is domiciled in Washington, DC. He is a Partner at Perkins Coie and has represented the DNC.

The timing of this complaint will assist the Lindsey Graham investigative team in the Senate under what is known in legal jargon as discovery. This is the process where documents, communications and interrogatories are gained by both sides of the case.

For additional clarity:

In April 2016, as agents of the DNC, Elias, Sussman and Perkins Coie retained Fusion GPS on the DNC’s behalf to produce negative information on then-candidate Trump.Defendants funded Fusion GPS’s research. Fusion GPS reported to Elias the information from its research.

You are encouraged to read the full complaint to expel false notions found in news media and in social media for context and accuracy found here.