Steven Mnuchin’s Most Bizarre Claim Yet: “There Is No Link Between Rising Wages And Inflation”

Steven Mnuchin: Former Goldman partner, friend of George Soros and Skull & Bones member .

Mnuchin’s Most Bizarre Claim Yet: “There Is No Link Between Rising Wages And Inflation”:

Treasury Secretary Steven Mnuchin has a degree from one of the most prestigious universities in the world (Harvard grads may dispute this); He was the CIO of Goldman Sachs; He launched a successful hedge fund; He is now Treasury Secretary. Yet he appears to barely grasp basic economic concepts (not to mention his apparent fondness for fake math).

Last night, Mnuchin transparently tried to sooth markets by telling a crowd of reporters who accompanied him to the US Mint in Philadelphia that investors shouldn’t worry about rising inflation and Treasury yields – even with the 10-year yield so close to crossing into the “danger zone” above 3%.

Quoted by Bloomberg, Mnuchin swatted away the suggestion that investors are worried about rising prices, even as the average hourly wage number for January soared the most since 2009, triggering this month’s “volocaust”.  Why? Because in Mnuchin’s mind, wage inflation and rising consumer prices have only a tenuous link – if that.

“There are a lot of ways to have the economy grow,” Mnuchin said in an interview aboard a train to Philadelphia on Thursday, where he toured the U.S. Mint. “You can have wage inflation and not necessarily have inflation concerns in general.”

If that’s true – it’s certainly news to us. And judging by the tone of these dismayed Jeffrey Gundlach tweets, we’re not alone.

Read moreSteven Mnuchin’s Most Bizarre Claim Yet: “There Is No Link Between Rising Wages And Inflation”

Budget Deficits Will Really Go Vertical – Mnuchin’s Wife Says: Don’t Worry

Steven Mnuchin … former Goldman partner, friend of George Soros and Skull & Bones member .

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Treasury Secretary Steven Mnuchin (Former Goldman Partner, Friend Of George Soros And Skull & Bones Member): “We Want To Make Sure Bad People Can’t Use Bitcoin To Do Bad Things” (Video)

Mnuchin: “We Want To Make Sure Bad People Can’t Use Bitcoin To Do Bad Things”:

Back in September 2015, when we first predicted that bitcoin would enjoy an exponential price increase as first the Chinese and then everyone else realized that the cryptocurrency is nothing less than the digital equivalent of borderless Swiss bank account, bypassing capital controls with ease and enabling money laundering anywhere and everywhere, its market cap was $3 billion. It is now $230Bn.

Today, a little over two years later, the US Treasury has figured this out, and on Friday Treasury Secretary Steven Mnuchin said he will work with the Group of 20 nations to prevent cryptocurrencies such as bitcoin from becoming the digital equivalent of an anonymous Swiss bank account.

“We are very focused on cryptocurrencies,” Mnuchin explained, pointing to discussions with other regulators within the U.S. government and later stating: “We want to make sure that bad people cannot use these currencies to do bad things.”

Read moreTreasury Secretary Steven Mnuchin (Former Goldman Partner, Friend Of George Soros And Skull & Bones Member): “We Want To Make Sure Bad People Can’t Use Bitcoin To Do Bad Things” (Video)

Steven Mnuchin On Bond-Villain Comparison: “I Guess I Should Take That As A Compliment” (Video)

Mnuchin On Bond-Villain Comparison: “I Guess I Should Take That As A Compliment”:

Treasury Secretary and noted Hollywood producer Steven Mnuchin provoked criticisms from his political opponents after photos surfaced last week of Mnuchin and his wife Louise Linton posing with a sheet of newly printed dollar bills bearing Mnuchin’s signature.

Asked by Fox News Sunday host Chris Wallace what it was like being compared with a bond villain after the photos went viral, Mnuchin said he took it as a compliment.

“I heard that. I never thought I’d be quoted as looking like a villain from the James Bond [movies]. I guess I should take that as a compliment that I look like a villain in a great, successful James Bond movie,” Mnuchin said.

“I was very excited about having my signature on the money and it’s something I’m very proud of being the secretary and helping the American people.”

Mnuchin said he thought nothing of it at the time the photo was taken, saying he didn’t expect it to be so widely shared on the Internet.

Read moreSteven Mnuchin On Bond-Villain Comparison: “I Guess I Should Take That As A Compliment” (Video)

David Stockman: “Trump’s 1500-Word Airball” Tax Plan

“Stated differently, after nine months of work these geniuses have come up with $6 trillion of easy to propose tax rate cuts and virtually no plan whatsoever to pay for them.”

“In all, this plan is so embarrassingly weak that Mnuchin and Cohn should be fired on the spot.

Actually all of these Rothschild puppets did exactly what they were told to do!

*****

Trump’s 1,500-word Airball:

The Donald’s strong point isn’t his grasp of policy detail.

The nine page bare-bones outline released this week is nothing more than an aspirational air ball that lacks virtually every policy detail needed to assess its impact and to price out its cost.

It promises to shrink the code to three rates (12%, 25%, 35%), for example. But it doesn’t say boo about where the brackets begin and end compared to current law.

Needless to say, a taxpayer with $50,000 of taxable income who is on the 15% marginal bracket today might wish to know whether he is in the new 12% or the new 25% bracket proposed by the White House. After all, it could change his tax bill by several thousand dollars.

Similarly, to help pay for upwards of $6 trillion of tax cuts over the next decade, it proposes to eliminate “most” itemized deductions. These “payfors” would in theory increase revenues by about $3 trillion.

Read moreDavid Stockman: “Trump’s 1500-Word Airball” Tax Plan

Eclipsegate Returns: Mnuchin Requested Government Jet For European Honeymoon

Eclipsegate Returns: Mnuchin Requested Government Jet For European Honeymoon:

Last month, Treasury Secretary Steve Mnuchin’s trophy wife Louise Linton posted the following ill-advised response to an Instagram troll that, among other things, condescendingly blasted the suggestion that Mnuchin/Linton used government planes “for our honeymoon or personal travel.”

“Cute! Aw!!! Did you think this was a personal trip?! Adorable! Do you think the US govt paid for our honeymoon or personal travel?! Lololol. Have you given more to the economy than me and my husband? Either as an individual earner in taxes OR in self sacrifice to your country? I’m pretty sure we paid more taxes toward our day ‘trip’ than you did. Pretty sure the amount we sacrifice per year is a lot more than you’d be willing to sacrifice if the choice was yours. You’re adorably out of touch. Thanks for the passive aggressive nasty comment. Your kids look very cute. Your life looks cute. I know you’re mad but deep down you’re really nice and so am I. Sending me passive aggressive Instagram comments isn’t going to make life feel better. Maybe a nice message [sic], one filled with wisdom and hunanity [sic] would get more traction. Have a pleasant evening. Go chill out and watch the new game of thrones. It’s fab!”

The whole episode sparked outrage on the left and resulted in a watchdog group filing a FOIA request for all of Steve Mnuchin’s travel logs (see:  Watchdog Group Files FOIA Request For Mnuchin’s Flight Logs After Wife’s Instagram Spat) to see whether his official travel may have been scheduled around the solar eclipse so that he and his new wife could catch a glimpse of the rare event from the comfort of a private government plane.

Alas, it now seems that even if the U.S. government didn’t ultimately pay for Linton’s honeymoon or personal travel that Mnuchin at least gave it the ‘good ole college try’.  According to Bloomberg, Mnuchin requested a U.S. Air Force jet for his honeymoon in Europe last month “for national security reasons” but subsequently withdrew the request after realizing he wasn’t really that important to the world at large.

Read moreEclipsegate Returns: Mnuchin Requested Government Jet For European Honeymoon

Mnuchin’s “Trophy Wife” Apologizes After Instagram Fiasco

Mnuchin’s “Trophy Wife” Apologizes After Instagram Fiasco:

As was always likely, Treasury Secretary Mnuchin’s wife Louise Linton has been forced to apologize for her Marie Antionette moment… A short and to the point statement read…

“I apologize for my post on social media yesterday as well as my response. It was inappropriate and highly insensitive.”

We are sure that will satiate the twitter hordes that just got confirmation of everything they believed about ‘the elites’.

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Mnuchin’s Trophy Wife Blasted After Instagram Spat Goes Viral

Mnuchin’s Trophy Wife Blasted After Instagram Spat Goes Viral:

“Cute! Aw!!! Did you think this was a personal trip?! Adorable! Do you think the US govt paid for our honeymoon or personal travel?! Lololol. Have you given more to the economy than me and my husband? Either as an individual earner in taxes OR in self sacrifice to your country? I’m pretty sure we paid more taxes toward our day ‘trip’ than you did.”

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Democrats Boycott Confirmation Of Trump Nominees, Blocking Mnuchin, Price Votes

FYI.


Democrats Boycott Confirmation Of Trump Nominees, Blocking Mnuchin, Price Votes:

Full out war between Democrats and the White House broke out today when Senate Democrats on Tuesday refused to attend a committee vote on two President Trump’s more controversial nominees, effectively delaying their consideration. Democrats on the Senate Finance Committee boycotted votes to advance Tom Price, Trump’s pick to head the Department of Health and Human Services, and Steven Mnuchin, his selection to head the Treasury Department.

Since at least one democrat must be on present for the vote to be held, the move will effectively delay and potentially prevent the confirmation votes on Mnuchin and Price.  The duo is among some of the more contentious selections to join Trump’s Cabinet.

Read moreDemocrats Boycott Confirmation Of Trump Nominees, Blocking Mnuchin, Price Votes

Sear’s Bankruptcy, Who Gets the Real Estate, and How the Pension Fund Got Hung Out to Dry (at Taxpayer Expense) Invade Mnuchin’s Senate Confirmation Hearing

Sear’s Bankruptcy, Who Gets the Real Estate, and How the Pension Fund Got Hung Out to Dry (at Taxpayer Expense) Invade Mnuchin’s Senate Confirmation Hearing:

“You were a Director at Sears for 12 years where you had oversight over the administration and investment in the pension fund.”

That Sears Holdings will file for bankruptcy appeared to be taken for granted in the confirmation hearings before the US Senate on Thursday. And when it does file, it’s going to get very complicated for Steven Mnuchin, the Trump administration’s appointment for Treasury Secretary. But the most fascinating part, for us as a non-political site, is the dissection of the whole Sears deal.

Senator Bob Menendez (D-NJ), as he proceeds with his questioning, lays out how Sears Holding’s CEO “Eddie” Lampert, his hedge fund ESL, and some other entities have worked hard to get their hands on the real estate when Sears Holdings goes through bankruptcy, while the pension fund left behind is a sinkhole that taxpayers might be shanghaied into filling.

Read moreSear’s Bankruptcy, Who Gets the Real Estate, and How the Pension Fund Got Hung Out to Dry (at Taxpayer Expense) Invade Mnuchin’s Senate Confirmation Hearing

Mnuchin Hearing Descends Into Early Chaos After Senator Offers “Valium” To Colleague

Mnuchin Hearing Descends Into Early Chaos After Senator Offers “Valium” To Colleague:

Earlier this morning we predicted a fiery confirmation hearing for Trump’s Treasury Secretary pick, Steven Mnuchin.  And right on cue, the confirmation had barely begun when it was promptly derailed after Senator Pat Roberts of Kansas suggested that his colleague, Senator Ron Wyden (D-OR), should pop a valium before the next round of questioning.

“Sen. Wyden, I’ve got a Valium pill here that you might want to take before the second round….just a suggestion, sir.”

Of course, the comment didn’t go over well with Democrats on the Senate Finance Committee as Senator Sherrod Brown (D-OH) pounced on the remarks sending the hearing into a moment of pure chaos with Finance Committee Chairman Orrin Hatch (R-Utah) struggling to regain control.

Read moreMnuchin Hearing Descends Into Early Chaos After Senator Offers “Valium” To Colleague

Steven Mnuchin Donated To One Democrat In 2016 – The Woman Who Declined To Prosecute His Bank

Steven Mnuchin Donated To One Democrat In 2016 – The Woman Who Declined To Prosecute His Bank:

Wednesday’s post, Donald Trump Has an Enormous and Very Dangerous Wall Street Blind Spothighlighted the fact that the bank run by Trump’s Treasury Secretary nominee, Steven Mnuchin, was given a pass by California attorney general Kamala Harris, despite the discovery of over a thousand legal violations. Kamala Harris has since been (s)elected to the U.S. Senate.

Let’s recap some of what we learned:

Read moreSteven Mnuchin Donated To One Democrat In 2016 – The Woman Who Declined To Prosecute His Bank

Trump Treasury Nominee Mnuchin Declines To Answer Senator’s Questions, Was Accused Of “Widespread Misconduct”

Trump Treasury Nominee Mnuchin Declines To Answer Senator’s Questions, Was Accused Of “Widespread Misconduct”:

The confirmation of former Goldman Sachs Partner Steven Munchin, who is Trump’s pick for Treasury Secretary, may have gotten just a little more problematic today, after Mnuchin declined to answer questions from Democratic senator Sherrod Brown of Ohio about his views on financial regulations, sanctions and his time as head of a bank accused of unfair foreclosure practices.

Brown, the top Democratic on the senate banking committee sent a letter on Dec. 21 asking Mnuchin to detail his position by Jan. 6 on issues that are under the committee’s purview, including fair lending laws and foreclosure-prevention programs. As Bloomberg reports, Mnuchin doesn’t plan to respond to the senator in writing, though several weeks ago he requested a meeting with Brown, who hasn’t yet accepted, according to Mnuchin’s spokeswoman Tara Bradshaw.

“Mnuchin will work with Senator Brown within the protocol of the finance committee – and will not be providing written answers in advance of a deadline yet to be established by the finance committee,” Bradshaw told Bloomberg on Tuesday in an e-mailed reply to questions.

Read moreTrump Treasury Nominee Mnuchin Declines To Answer Senator’s Questions, Was Accused Of “Widespread Misconduct”

Buyers Remorse – Trump Supporter Was Foreclosed on by Treasury Pick Steve Mnuchin

mnuchin

Buyers Remorse – Trump Supporter Was Foreclosed on by Treasury Pick Steve Mnuchin:

Two days after Donald Trump’s election victory, I expressed the following sentiment in a post titled, Draining the Swamp? Wall Street is Already Loving Donald Trump:

To conclude, this article is primarily written for all my readers who are either Trump supporters, or who reluctantly voted for him. My message to you is that we need to hold this man’s feet to the fire. The election is over, and you got your desired outcome. Now is not the time to be a cheerleader. Now is not the time to behave exactly like Obama zombies did after he became an obvious betrayal. What allowed Obama to do all the bad things he did, was the fact that his supporters made endless excuses for him. Don’t make excuses for Trump. If you do, your life will get a lot worse and this country will decay far more into an authoritarian oligarchy than it already has. It is up to you to make sure he doesn’t become the Wall Street puppet I always feared he would be.

This message has become increasingly important with each passing day, and with every new cabinet disappointment. Mnuchin is not the only one. Trump picked the sister of Blackwater’s Erik Prince for Education Secretary (for more on Prince, see: America’s Top Rogue Mercenary – Blackwater’s Erik Prince is Under Federal Investigation) and Mitch McConnell’s wife for Transportation Secretary (see: Trump Fills the Swamp with Elaine Chao, Mitch McConnell’s Wife, for Transportation Secretary). The swamp is being filled rapidly, and the sooner we admit it, the better.

Those who recognize Trump’s betrayal most quickly will be average Americans who have been preyed upon by some of his cabinet picks. One of these people is Teena Colebrook.

Read moreBuyers Remorse – Trump Supporter Was Foreclosed on by Treasury Pick Steve Mnuchin

Steven Mnuchin Roils Bond Markets With Suggestion Of 100 Year Treasury Bond

100 year Treasury bonds? You can’t make this stuff up!


Steven Mnuchin Roils Bond Markets With Suggestion Of 100 Year Treasury Bond:

Barely having confirmed he will be Donald Trump’s nominee for Treasury Secretary, Steven Mnuchin proceeded to roil the bond market when the former Goldman banker told CNBC he would look at extending the maturity of future Treasury issuance, hinting at 50 and 100 Year bonds, which promptly sent long-term US bond yields surging by the most since the turmoil following Trump’s election victory.

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Former Goldman Partner And Soros Employee Steve Mnuchin And Billionaire Wilbur Ross Confirm Elite Puppet Trump Nominations On CNBC

Trump-Satanic-Hand-SignTrump-Clinton

I’ve commented on Steven Mnuchin before:

Rothschild Puppet Donald Trump Wants Former Goldman Partner And Soros Employee To Serve As Treasury Secretary

Trump and Clinton are both Rothschild puppets.


Mnuchin, Ross Confirm Trump Nominations On CNBC:

Following yesterday’s press reports that Steve Mnuchin and Wilbur Ross would be selected for two of the top economic posts in Donald Trump’s administration, earlier today the two confirmed their nominations to lead the U.S. Treasury and Commerce Department, respectively. Mnuchin and Ross spoke on CNBC’s “Squawk Box.”

Steven Mnuchin made his comments on “Squawk Box,” as his selection was being announced. He said he believes the U.S. economy can grow at a sustained rate of 3 percent to 4 percent. Fair trade will also help boost the economy, Mnuchin said — sentiments echoed on CNBC by Trump’s choice for commerce secretary, Wilbur Ross. Mnuchin said tax reform is going to be a major driver of that growth, and added that the Trump administration is going to bring a lot of money back into the U.S. by cutting the corporate rate to 15 percent.

Read moreFormer Goldman Partner And Soros Employee Steve Mnuchin And Billionaire Wilbur Ross Confirm Elite Puppet Trump Nominations On CNBC

Trump Picks Former Goldman Banker Steven Mnuchin As Treasury Secretary

I’ve commented on Steven Mnuchin before:

Rothschild Puppet Donald Trump Wants Former Goldman Partner And Soros Employee To Serve As Treasury Secretary

Trump and Clinton are both Rothschild puppets.


Trump-Satanic-Hand-SignTrump-Clinton

Trump Picks Former Goldman Banker Steven Mnuchin As Treasury Secretary:

While it has yet to be officially confirmed by the Trump transition team, moments ago the NYT reported that – in what had previously been leaked on several occasions on various other outlets most notably the WSJ – former Goldman banker and Soros employee, Steven Mnuchin “a financier with deep roots on Wall Street and in Hollywood but no government experience” is expected to be named Donald J. Trump’s Treasury secretary as soon as Wednesday.

The WSJ has confirmed as much, reporting that “President-elect Donald Trump will name longtime banker and former Goldman Sachs executive Steven Mnuchin as Treasury secretary, turning to a campaign loyalist and fundraiser for the incoming administration’s top economic cabinet post, a transition official said Tuesday.”

mnuchin-trump-tower_0
Steven Terner Mnuchin at Trump Tower in Manhattan this month

Chris Christie Booted As Trump Transition Team Chairman

Meet Trump’s making America great again & anti-establishment transition team.

Former Goldman partner and Soros employee Steven Mnuchin & Bilderberg Peter Thiel …


Chris Christie Booted As Trump Transition Team Chairman:

Chris Christie’s fall from grace is now complete.

Months after Christie, having lost his presidential primary to Donald Trump, had ambitions for becoming Trump’s vice presidential candidate, Christie just suffered another dramatic fall from grace after President-elect Donald Trump shuffled his transition team three days after his surprising victory, and increased the influence of Alabama Sen. Jeff Sessions, one of Washington’s most vocal critics of illegal immigration, while diluting that of Christie.

According to the WSJ, Chris Christie was removed as Trump campaign transition chairman on Friday, a position that will now be filled by Vice President-elect Mike Pence, the transition team confirmed. Christie will remain on the transition team’s executive committee as a vice chairman, along with Ben Carson, both largely figured positions; they will be also joined by retired Lt. Gen. Michael Flynn, former New York Mayor Rudy Giuliani and Mr. Sessions.

Read moreChris Christie Booted As Trump Transition Team Chairman

Rothschild Puppet Donald Trump Wants Former Goldman Partner And Soros Employee To Serve As Treasury Secretary

Commentary:

Goldman Sachs, George Soros, ….

And how many of you can guess Steven Mnuchin’s religious affiliation in under a second?

So Trump is a Rothschild puppet, just like Killary, …

Hillary Bill Clinton Evelyn de Rothschild

“Serving Lord Rothschild Great Again!”

More bullshit you can take a bath in coming your way America!

And of course Trump is also a Freemason, …

Trump-Satanic-Hand-SignHillary-Clinton-Satanic-Hang-Sign

… just like Hillary Clinton, Bill Clinton, Obama, G.W. Bush, Angela Merkel, Theresa May, Hollande, Sarkozy, Vladimir Putin, Churchill, Roosevelt, Stalin and Adolf Hitler, …

… which is why …

We Are On Our Own

Divide et impera!

PTB engineered migrant crisis, financial/economic collapse, civil war and WW3 coming to a place near you.

Flashback (further exposing Clinton and Trump):

Donald Trump … The Likud Trojan Horse

Trump Wins Over AIPAC Audience With Strong pro-Israel Stance (Haaretz)

Donald Trump At AIPAC: Hypnotic Gig Will Go Down In History

Donald Trump Picks Mike Pence As Vice President

Donald Trump: “We have to stay with Israel and stay with them big time” – “We love Israel. We will fight for Israel 100 percent, 1,000 percent. It will be there forever.”

Hillary Clinton: “If I’m President, We Will Attack Iran … We Would Be Able To Totally Obliterate Them.” (= WW3)

Hillary Clinton: Destroy Syria For Israel

Hillary Clinton At AIPAC: “One of the first things I’ll do in office is invite the Israeli prime minister to visit the White House”

Hillary Clinton: ‘America’s Commitment To Israel’s Security Is Rock Solid And Unwavering’

DONALD TRUMP; KIDS; RAPE; BANKERS; CIA; JEWISH MAFIA; NAZIS

Donald Trump Endorses Netanyahu in New Video (VIDEO):

“I’m a big fan of Israel and frankly a strong Prime Minister is a strong Israel, and you truly have a great Prime Minister in Benjamin Netanyahu. There’s nobody like him, he’s a winner, he’s highly respected, he’s highly thought of by all,” Trump says. “Vote for Benjamin: terrific guy, terrific leader, great for Israel.”

Trump’s Deck Of Jewish Cards (Video)

When Trump Makes A Deal (Video)

Israel is a creation of the Rothschilds, which is why Baron Edmond Benjamin James de Rothschild is known as the “Father of the (Jewish) Settlement” (Avi ha-Yishuv).

Baron Edmond Benjamin James de Rothschild


Trump Wants Former Goldman Partner And Soros Employee To Serve As Treasury Secretary:

Six months ago, Steven Mnuchin became finance chair for the Trump campaign. Having succesfully helped to raise 10s of millions of dollars for the campaign, the former Goldman Sachs partner and Soros Fund management employee is now positioned for something much larger as Donald Trump reportedly told his aides today that he wants Mnuchin to serve as his Treasury Secretary.

Steven Mnuchin (PRNewsFoto/Relativity Media)
Steven Mnuchin (PRNewsFoto/Relativity Media)

Ironically, Trump has often criticized Clinton (and his former competitor Ted Cruz) for their links to the big banks:

“I know the guys at Goldman Sachs. They have total, total control over him. Just like they have total control over Hillary Clinton,” Trump said in one debate.

But as we noted previously, he had no qualms, however, in hiring one of the most prominent Goldman alums to raise money for him.

Read moreRothschild Puppet Donald Trump Wants Former Goldman Partner And Soros Employee To Serve As Treasury Secretary