White House Files Under Scrutiny in Trump Search, Signaling Inquiry’s Depth

Yeah, let's see the files the FBI Seized. Perhaps they were ooking for evidence of criminal complicity on January 6th, no?

At the New York Times, "Questions swirl about what exactly the F.B.I. was looking for, and why":

The F.B.I.’s search of former President Donald J. Trump’s home in Florida on Monday continued to rock Washington and, more broadly, American politics, amid a swirl of questions about what led the Justice Department to take such a stunning step.

The search came after a visit this spring to Mar-a-Lago, Mr. Trump’s private club and residence in Palm Beach, Fla., by federal agents — including a Justice Department counterintelligence official — to discuss materials that the former president had improperly taken with him when he left the White House.

Mr. Trump was briefly present for that visit, as was at least one of his lawyers, according to people familiar with the situation. Those materials contained many pages of classified documents, according to a person familiar with their contents. By law, presidential materials must be preserved and sent to the National Archives when a president leaves office. It remained unclear what specific materials agents might have been seeking on Monday or why the Justice Department and the F.B.I. decided to go ahead with the search now.

Mr. Trump had delayed returning 15 boxes of material requested by officials with the National Archives for many months, doing so only in January, when the threat of action to retrieve them grew. The case was referred to the Justice Department by the archives early this year.

In carrying out the search, federal agents broke open a safe, the former president said.

The search was the latest remarkable turn in the long-running investigations into Mr. Trump’s actions before, during and after his presidency — and even as he weighs announcing another candidacy for the White House.

It came as the Justice Department has stepped up its separate inquiry into Mr. Trump’s efforts to remain in office after his defeat in the 2020 election and as he also faces an accelerating criminal inquiry in Georgia and civil actions in New York.

Mr. Trump has long cast the F.B.I. as a tool of Democrats who have been out to get him. The search set off a furious reaction among his supporters in the Republican Party and on the far right.

Representative Kevin McCarthy of California, the Republican leader in the House, suggested that he intended to investigate Attorney General Merrick B. Garland if Republicans took control of the chamber in November. A delegation of House Republicans was scheduled to travel to Mr. Trump’s golf club in Bedminster, N.J., for a dinner with him on Tuesday night.

Aggressive language was pervasive on the right as Monday night turned into Tuesday morning.

“This. Means. War,” the Gateway Pundit, a pro-Trump outlet, wrote in an online post that was quickly amplified by a Telegram account connected to Stephen K. Bannon, Mr. Trump’s onetime political adviser.

The F.B.I. would have needed to persuade a judge that it had probable cause that a crime had been committed, and that agents might find evidence at Mar-a-Lago, to get a search warrant. Proceeding with a search on a former president’s home would almost surely have required sign-off from top officials at the bureau and at the Justice Department.

The search, however, does not mean prosecutors have determined that Mr. Trump committed a crime...

 

Federal Magistrate Bruce Reinhart, Who Issued Warrant for FBI's Raid on Mar-a-Lago, Is Democratic Donor Who Represented Jeffrey Epstein After Leaving Justice Deparment in 2008

On Twitter, "BREAKING; Florida Federal Magistrate Bruce Reinhart, who approved the FBI raid on Trump's home, is also a Democratic presidential donor who previously represented several Jeff Epstein Associates after leaving the US Attorney's office in 2008."

Hmm.

At AoSHQ, "A Federal Judge Would Never, Ever Show Political Bias In Authorizing a Raid on a President * Except It Wasn't a Federal Judge -- It Was a Mere Magistrate * Who Was an Obama Donor * Who Was an Epstein Lawyer."

Judge Reinhart's page at the United States District Court Southern District of Florida is inaccessable: "Access denied."

Wait WTF????

THIS BRUCE REINHART???

Wtf!!! https://t.co/9fWqKeeUA2 https://t.co/f7LJqkZvmB pic.twitter.com/l9W1S1Eigk

— Comfortably Smug (@ComfortablySmug) August 9, 2022

Europe's Dependence on Russia's Natural Gas Supplies Following the Invasion of Ukraine

Oil.

Petroleum.

Fossils fuels.

No matter how much radical environmentalists deceive the leaders of the developed democracies, the fact remains that without fossil fuels, these countries would perish.

At the Economist, "If the supply of Russian gas to Europe were cut off, could LNG plug the gap?":

Russia’s invasion of Ukraine has led to renewed speculation about the future of European energy, and in particular about its supply of natural gas. The continent gets around a quarter of its energy from gas. In 2019 Russia provided over 40% of that gas. The West has not gone so far as to place limits on Russian gas exports, although Germany has suspended the licensing of Nord Stream 2 (ns2), a completed but not yet operational pipeline between Russia and Germany. But what if Vladimir Putin, Russia’s president, were to cut off gas to the West? One alternative source of energy is liquefied natural gas (lng), which is usually transported by sea. To what extent could lng replace piped Russian gas as a source of energy for Europe?

Europe already uses a lot of lng; it makes up around a quarter of the region’s natural-gas imports. One question is how much more of the stuff Europe can process. lng is first turned into a liquid in order to be transported; it must then be “re-gassed” at terminals, usually near the coast, before it can be used to heat and power homes. Heavy investments in regasification plants mean that Europe has plenty of idle capacity. The region’s import terminals ran at 45% of capacity last year, according to Energy Intelligence, an industry publisher, although not all of these terminals are in the right place. Germany has no terminals, while Spain has a quarter of the continent’s capacity, even though its gas infrastructure is largely isolated from the rest of Europe.

The more pressing problem is the available supply of lng. The biggest exporters of lng are America, Australia and Qatar. Although they all have plenty more gas, all are already exporting at or near full tilt. It takes a long time to expand liquefaction and export capacity, so Europe’s best short-term hope would be to get hold of existing lng cargoes originally destined for elsewhere. But Asia also has a strong appetite for lng. China’s imports grew by 82% between 2017 and 2020, for example; last year it overtook Japan as the world’s biggest importer. And around 70% of lng traded globally is on contracts that run for ten years or more. Europe tends to rely on spot markets and shorter contracts. In the past that has allowed Europe to take advantage of low prices when stocks were plentiful, and ensured that countries did not commit themselves to using fossil fuels decades into the future. But it also leaves Europe at the mercy of the market.

When Europe’s gas reserves dwindled over the autumn and winter, in part because Russian supplies dropped, lng imports shot up (see chart). So did prices. In the past, spot prices in Asia have typically been higher than in Europe. But in recent months the price in Europe has at times matched Asian levels. The invasion of Ukraine has only made things worse...

Still more.

 

Putin Taking Long Game on Economic Sanctions

Vladdy's been preparing for Russia to take massive sanctions hits for quite a while.

At the Los Angeles Times, "Russia has spent years preparing for international sanctions":

SINGAPORE — With no appetite for military confrontation, the U.S. and its allies are relying on sweeping economic sanctions to persuade Russian President Vladimir Putin to pull out of Ukraine. But the effectiveness of those measures are anything but certain, relying on a host of factors that includes how much China is willing to come to Moscow’s aid.

Placing a stranglehold on Russia’s $1.5-trillion economy will not be easy, especially since it began trying to buffer itself from international sanctions after it annexed Crimea from Ukraine in 2014.

Russia has sidelined growth to pare down its debt and built up its reserves of foreign currency and gold — so much so that it reached record levels this year at over $640 billion.

The reserves help soften the financial blowback of Russia’s invasion. On Thursday, the Russian central bank pumped liquidity into the country’s banking system and sold foreign currency for the first time in years to prop up the ruble, which plunged to its weakest level since 2016.

President Biden announced Thursday that U.S. and European allies would sanction five Russian banks holding about $1 trillion in assets and block high-tech exports. Russian oligarchs, said to be members of Putin’s inner circle, were also targeted by sanctions.

As it stands, those measures are highly unlikely to inflict enough pain on Moscow to trigger a reversal in Ukraine, analysts said, noting that any sanctions imposed now are likely to be too little, too late...