Russian President Vladimir Putin is also responding to the Trump Tax Reform. Putin has also taken a step to promote the repatriation of capital from abroad. He is now proposing that only a 13% tax on funds retrieved should be abolished. Additionally, he is proposing that there should once again be an amnesty for Russian companies that bring their cash home.
Russia introduced such immunity for past tax avoidance and foreign exchange offenses back in 2014 when the country faced massive capital outflows. That amnesty had been used very little proving to be ineffective. It expired in mid-2016.
China has responded to global competition that is exploding in the wake of the Trump Tax Reform. While domestic news in the USA continues to bash the tax reform on class warfare, the rest of the world is trying to come to terms with what Trump has set in motion. China’s response is to allow foreign companies complete tax-free business on any profits they reinvest in China upping the stakes. Their position was stated by the Ministry of Finance and it is designed to “foster the growth of foreign investment, improve the quality of foreign investment, and encourage foreign investors to continuously expand their investment in China.” The tax exemption applies retroactively from January 1st, 2017 beating Trump at his own game once more. Foreign companies who have paid taxes in China for 2017 will be refunded.
Domestically, companies in China are already complaining about rising costs that are caused by raising taxes. They have warned that this could lead to production relocations. The standard corporate tax rate is 25% in China. In order to benefit from the newly announced tax rebates, foreign companies have to meet several requirements. These include direct investment in industries promoted by the government in Beijing. Also, the money must flow directly to the companies.
The tax game is now afoot. The big loser will be Europe because they are far more entangled with the socialist agenda than anyone else with New Zealand and Australia fighting for second place in the uncompetitive tax burden race to the top
Interesting. Visible support for a position 180° from prior administration.
“transition of government” supported by U.S.
State Dept – We are following reports of multiple peaceful protests by Iranian citizens in cities across the country. Iran’s leaders have turned a wealthy country with a rich history and culture into an economically depleted rogue state whose chief exports are violence, bloodshed, and chaos. As President Trump has said, the longest-suffering victims of Iran’s leaders are Iran’s own people.
The United States strongly condemns the arrest of peaceful protesters. We urge all nations to publicly support the Iranian people and their demands for basic rights and an end to corruption.
On June 14, 2017, Secretary Tillerson testified to Congress that he supports “those elements inside of Iran that would lead to a peaceful transition of government. Those elements are there, certainly as we know.” The Secretary today repeats his deep support for the Iranian people. (link)
News of spreading and morphing political protests in Iran are beginning to surface as social media accounts are now gaining MSM attention.
Openly political protests are not common in Iran ever since the 2009 ‘Green Revolution‘ was harshly put-down by security forces carrying out the instructions of the ruling Mullahs and political class. Iranian security services are omnipresent and looming. However, what appears to have begun as protests over prices, inflation and the lack of economic freedom, seems to have morphed into several regional political protests directly challenging the Mullahs and the reigning political class.
Back in 2009, after President Obama gave his famous Cairo speech, the message was interpreted by the Iranian reform movement, the “Greens”, as a spark toward freedom. However, the Mullahs responded violently, Iranian security forces attacked the protestors, several were killed and hundreds jailed and President Obama stood by, watched the brutality, saying and doing nothing. 2009 was a very dark time for the reform movement.
It is too soon to tell if today’s protests are the beginning of a similar uprising, a resurgence of those previously crushed cries for freedom, but the reform movement appears to be pushing the message: this is indeed their objective. It is a very interesting development.
(Reuters) – Demonstrators chanted anti-government slogans in several cities across Iran on Friday, Iranian news agencies and social media reports said, as price protests turned into the largest wave of demonstrations since nationwide pro-reform unrest in 2009.
Police dispersed anti-government demonstrators in the western city of Kermanshah as protests spread to Tehran and several other cities a day after rallies in the northeast, the semi-official news agency Fars said.
The outbreak of unrest reflects growing discontent over rising prices and alleged corruption, as well as concern about the Islamic Republic’s costly involvement in regional conflicts such as those in Syria and Iraq.
An official said a few protesters had been arrested in Tehran, and footage posted on social media showed a heavy police presence in the capital and some other cities.
About 300 demonstrators gathered in Kermanshah after what Fars said was a “call by the anti-revolution”. They shouted: “Political prisoners should be freed” and “Freedom or death”, and some public property was destroyed. Fars did not name any opposition groups.
The protests in Kermanshah, the main city in a region where an earthquake killed over 600 people in November, took place a day after hundreds rallied in Iran’s second largest city Mashhad to protest at high prices and shout anti-government slogans.
Videos posted on social media showed demonstrators yelling, “The people are begging, the clerics act like God”.
Fars said there were protests in the cities of Sari and Rasht in the north, Qazvin west of Tehran and Qom south of the capital, and also in Hamadan in western Iran. It said many marchers who wanted to raise economic demands left the rallies after demonstrators shouted political slogans. (read more)
I would advise caution not to read too much into the events and accept there are tenuously connected seeds within the larger Middle-East struggles. History is filled with the conflicting polarity between Persians and Arabs.
Iran has been on a growing question to influence the broader middle-east ideology, and Saudi coalition members are pushing back against that influence with open support for the reform agenda within Iran. Proxies on proxies, and sub-sects on sub-sects. A considerable challenge for those who would support increased ‘freedom’.
Viewpoint of National Council of Resistance in Iran – SEE HERE
Another Viewpoint of Resistance Supporters – SEE HERE
Reminder, proceed with caution. There’s a great deal of misinformation.
House Intelligence Committee Chairman, and Gang of Eight member, Devin Nunes, has delivered an ultimatum to Asst. AG Rod Rosenstein; demanding the DOJ deliver the documents and evidence surrounding the Steele Dossier to the committee by January 3rd.
There’s an unspoken coordination here which needs to be highlighted. Intelligence Chairman Nunes appears focused specifically on the Dossier, which is to say the DOJ side of the collusion. Judicial Chairman Goodlatte is focused the FBI side.
Nunes demand comes as DAG Rosenstein has already committed to deliver 1.2 million pages of evidence from the year-long DOJ Inspector General investigation to the House Judiciary Chairman, Bob Goodlatte, on/around January 15th. More than likely the FBI/DOJ requested information is also contained within the upcoming OIG material.
WASHINGTON DC – House Intelligence Committee Chairman Devin Nunes is blasting the Department of Justice and the FBI for its “failure to fully produce” documents related to an anti-Trump dossier, saying “at this point it seems the DOJ and FBI need to be investigating themselves.”
In a Thursday letter to Deputy Attorney General Rod Rosenstein obtained by Fox News, Nunes expressed frustration that information and witnesses subpoenaed by the committee in August related to the so-called Steele dossier had not yet been turned over. The salacious dossier includes unverified allegations about President Trump’s connections with Russia that he has denied.
“Unfortunately, DOJ/FBI’s intransigence with respect to the August 24 subpoenas is part of a broader pattern of behavior that can no longer be tolerated,” the California Republican wrote to Rosenstein.
Nunes demanded that all records – and available dates for witnesses to testify – be provided to the committee by Jan 3.
“As a result of the numerous delays and discrepancies that have hampered the process of subpoena compliance, the committee no longer credits the representations made by DOJ and/or the FBI regarding these matters,” Nunes said.
He called the DOJ’s initial response to the subpoenas “disingenuous at best.”
Nunes said the DOJ informed the House Intelligence Committee several weeks ago that the “basic investigatory documents demanded by the subpoenas…did not exist.”
“As it turns out, not only did documents exist that were directly responsive to the committee’s subpoenas, but they involved senior DOJ and FBI officials who were swiftly reassigned when their roles in matters under the committee’s investigation were brought to light,” Nunes wrote. (continue reading)
A possible new pandemic is forming from a deadly strain of flu emerging from Australia and will be headed to the UK as the normal flow of travels would take it. Britain will perhaps be hit with the worst flu season in 50 years. Already, there are about 170,000 cases of flu reported in Australia which is more than double this season than usual.
The strain of flu is called H3N2, and the number of flu deaths in Australia over winter has not yet been released, but it’s thought to be the worst in many years. The last major flu epidemic was in the 1968 pandemic which began in Hong Kong killing more than a million people worldwide. Flu pandemics have been linked to fluctuations in climate, and new research connects the world’s four most recent pandemics to the cyclical cooling of the Pacific Ocean near the equator.
The cyclical research correlating everything reveals that the four flu outbreaks that swept the world in the past 100 years all followed periods of global cooling. These were in 1918, 1957, 1968 and 2009 (in this last instance, the H1N1 “swine flu”). When sea-surface temperatures sank abnormally low, this correlates to large flu pandemics. This cooling is associated with La Niña, a phase in a larger climate pattern. La Niña is the cool counterpart to El Niño, which is marked by unusually warm temperatures in the equatorial Pacific. It is now clear that both events alter weather patterns around the globe.
While the typical Transverse Wave cycle event would be every 22.75 years, but the Longitudinal Wave structure simultaneously exists and the complexity of these wave points to this season as turning up the risk factors for a pandemic flu season in 2018 and 2019.
Talk amongst many traders is that they are so unsure how the new rules and regulations surrounding the implementation of MIFiD II (Markets in Financial Instruments Directive) are to be imposed, that some even said they were keen to extend their holidays until this mess is sorted out. In other words, until they hear that regulators will grant firms a six-month delay for part of the changes about to be implemented for both the company and country, many just do not even know how to conduct business anymore.
The most critical problem surrounding this nightmare is the fact that every trade (with a European Counterpart) will require a LEI (Legal Entity Identifier). This is not such a critical issue for Wall Street Banks since they have already won a 30-month grace period after the SEC requested time to negotiate terms with the EU. Goldman Sachs has installed another of its board members as the top negotiator inside the SEC – Alan Cohen. Goldman Sachs has now three strategic people in the Trump Administration to steer the legislation in their favor both in the USA with restoring Glass Steagall to reduce their competition (Gary Cohen & Steven Mnuchin) and they have now added Alan Cohen, who was their Head of Global Compliance.
Not all EU countries have come to terms with LEI’s yet so its no surprise a six-month grace period has been awarded just on its eve! The European Securities and Markets Authority on Wednesday proposed the grace period for a requirement that companies wanting to trade with any party based in the European Union will need a code, known as a legal entity identifier, or LEI. The identifying code is important as it lets firms continue to trade from MiFID’s Jan. 3 start date. Industry groups and regulators have been directing firms to register for months, saying: “No LEI, no trade.”
During the six-month grace period of relief, any investment firms may trade with clients under the condition that before providing services, the firm must obtain the necessary documentation to at least apply for an LEI code on its behalf.
The bad loan (“non-performing loan” (NPL)) crisis in Europe is well known and many have been calling for this issue to be addressed. In Italy, the bad loan crisis has reached 21% of GDP. While NPLs dropped to 4.8% of all loans in the EU as a whole during the first quarter of 2017, they remained well above 40% in Greece and Cyprus, at 18.5% in Portugal, and 14.8% in Italy according to the European Banking Authority.
Now comes the bureaucrats with zero experience to save the day – or is that to create a financial pandemic in the EU? The EU Commission (EUC) along with the European Central Bank (ECB), want to ensure that banks promptly sell real estate, stocks, bonds and other assets that serve to collateralize loans according to their Mid-term Review of the Capital Markets Union Action Plan. Member States are required to adopt laws that facilitate the central directive. At this time, any bank cannot just sell a property that secures a loan. The problem is, all loans, whether secured or not, are valued the same.
Once again, all we have is the ECU and ECB desperately trying to prevent a banking crisis as loans in default rise. However, this project is totally incomprehensible for now a well-secured loan which does not pose any particular credit risk in traditional banking can find its collateral sold. Any loan cannot liss a payment in difficult periods even when fully collateralized. This puts the European economy in a serious crisis for if banks begin to sell off collateral, then the entire market will move into crash mode forcing asset values to decline undermining the collateral of other loans. This regulatory logic is just totally insane and is concerned only with EU fiscal policy that does not want to support the banking industry and thus the economy.
All loans have been rated the same in Europe for a long time, no matter if the collateral fully secures the loan or is not even present. If a borrower encounters any problem, the loans are to be downgraded in terms of creditworthiness and must be underpinned by more capital that must be added to the bank reserves. This applies even if the borrowers are economically sound and have sufficient assets but encounter cash flow problems because of the overall economic condition, they can find their collateral being sold off in a manic fashion. The new rules mean that a loan quickly becomes an NPL and banks are to liquidate the collateral ASAP.
If an NPL is equipped with collateral, the bank is now directed foreclose and sell the real estate, securities, and any other collateral according to the EUC and ECB. This means people will be thrown out of their homes if they become unemployed and cannot make a mortgage payment. The loss of a source of income will cause the loan to be classified as an NPL and sold even if the home has just 10% of its value outstanding. The bank must act as if the family were bankrupt and the loan uncollectible.
If a small business experiences a decline in sales because of the economic deflation in Europe, the business is classified as a higher risk. The existing securities used to collateralize the business loans are sold and the current account credit is repaid as “NPL”. Many small businesses pledged the owner’s home to back the business. Under these new rules, the small business will be liquidated and the owner will lose their homes as well. The implication of these rules means that a small business will not be able to expand and hire people when the risk is far too great. Economically, the new rules will undermine the economy even more and send Europe into a deeper recession while causing collateral values to decline.
Under these rules, a massive sale of land and real estate would most likely result. Asset values will decline as was the case during the Great Depression as banks would generate lower revenues from the realization of collateral only further causing the banking crisis to spiral downward into a complete debt crisis in Europe.
The crisis gets even worse where there are family members who co-signed for a mortgage. The friend or family member who co-signed the loan is now required to make all the payments and if they do not, then their assets will be seized and sold as well. What these bureaucrats fail to comprehend is that assets will collapse rapidly because other banks will be unwilling to finance loans for someone else to buy the property being sold off at auction. During the Great Depression, farmland fell to even less than 10% of its value because the only buyers were those who had cash.
The banks are supposed to sell NPL, but under a massive force liquidation, asset values will collapse. They assume that such a sale would be one property at a time that would not impact the overall market. Under these rules, we will see the deleveraging of private debt in Europe on a grand scale.
The EU’s policy of classifying all loans for the slightest problem as a risk explains why bank overseers are talking about €800 billion to €1 trillion euro in NPLs exist among the European banks. There is no distinguishment between fully-collateralized and non-collectible loans. Nor do bureaucrats comprehend the true meaning of a “non-performing loan” that is temporary and one that could never be repaid. Bureaucrats are not capable of understanding the economy nor do they comprehend that the entire economy is leveraged. Most people buy their home on credit, not cash.
Bureaucrats also fail to understand that NPLs since the financial crisis of 2008/2009 are not exactly the crisis they assume. In truth, irrecoverable loans would have to be written off long ago since the bank balance sheets under current auditor rules. Therefore, the current NPLs are generally good loans that can be serviced according to the usual banking practice that are experiencing cash flow problems. The EUC is demanding banks sell all NPLs, secured or unsecured.
Under these rules, there is little interest in the secondary market for the purchase of NPLs from banks, which are typically sold off at a discount. With no viable secondary market, Member States are to set up so-called “Asset Management Companies” (AMCs) to buy and sell NPLs. State subsidies are recommended – “of course only insofar as they do not contradict the EU prohibitions on state subsidies”. How to resolve this contradiction, the commission does not say. It also calls for the creation of service companies to service the loans. This is taking a problem and turning it into a crisis with more bureaucrats making decisions.
Back in 2008, banks sold off loans which were called “asset-backed securities” (ABS). This only accelerated the crisis because the loans were managed by computers that automatically defaulted on the entire loan with the slightest delay. The result was clear. Many families lost their homes without necessity and small businesses had to close. Then the banks were sued in legal proceedings for selling damaged loans. Here too, we have a strict rule that someone behind on a mortgage will be immediately declared an NPL.
The NPL agencies and service agencies for loan management envisioned by the EUC and ECB will effectively take over the portfolios of the banks in a forced ABS. The banks will, therefore, outsource the risks to government-run agencies. This will be the official institutionalized ABS structure. The scheme is that these bureaucratic institutions will somehow be better at managing loans and will magically require no capital since they will sell the assets and then pay the bank. In this way, the allocation of new loans should be made possible in their mind. As always, the government does not understand the marketplace or the economy and assume that asset prices will not decline in the face of incompetent government sale of assets.
This scheme has failed to address the problem that when selling loans, the selling bank will still retain part of the risk of a loss in capital based upon the sale price achieved by the government. This is replacing banks with experience with bureaucrats yet the banks will suffer the losses taken by the bureaucrats.
The NPLs are far greater in the southern region of the EU. This measure will only intensify the call for separatism. The new rules are more-likely-than-not going to set off a new phase of the debt crisis and nurture it into a Financial Pandemic.
The leadership of the DOJ and the FBI are intertwined in the 2016 election operation to support candidate Hillary Clinton and defeat candidate Donald Trump. However, most of the investigative discussions center around the FBI side of the equation. There’s a good reason for that.
The FBI side of the conspiracy is pretty straight forward. FBI Director James Comey, FBI Asst. Director Andrew McCabe, FBI Chief Legal Counsel James Baker, FBI Counterintelligence Head Bill Priestap, and FBI Counterintelligence Agent Peter Strzok all played a participatory role in the Trump Operation.
The 2016 FBI counterintelligence operation was surveillance on the Trump Campaign and was thinly disguised under the fraudulent auspices of a FISA warrant, sold as a defense of U.S. democracy from Russia, which permitted the wiretaps and surveillance etc.
Two DOJ people (central to the FBI) relayed and acted as facilitators between the FBI side and the DOJ side: DOJ Deputy Bruce Ohr and FBI/DOJ lawyer Lisa Page. Outlines of their collaborative efforts, and the trails they left behind, have filled the headlines recently.
On the Department of Justice side of the operation, specifically the DOJ leadership involvement, things are less clearly outlined. Again, there’s a reason for that.
The DOJ involvement surrounds legal arguments, processing of FISA applications, and use of the legal system to support the FBI with actionable legal framing (against Trump) mostly after their candidate, Hillary Clinton, was defeated.
In essence, in a bastardized manipulation of Law and Order, the FBI created disorder and the DOJ weaponized that manufactured disorder to launch a legal attack against their ideological political opposition, President-elect Donald Trump. Unlawfulness and Disorder.
However, to best understand the DOJ side, it’s helpful to look at a specific time, September and October 2016. That’s when the second FISA application was presented to the Foreign Intelligence Surveillance Court (FISC), using the information from the FBI counterintelligence operation (Steele Dossier etc.) as the basis for that application.
As of this writing the FBI and DOJ are refusing to answer foundational questions about that second FISA application and the subsequent FISA warrant that was used as a justification for the Wiretaps and Surveillance that began on the Trump Campaign.
The dates here seem intentionally cloudy because, according to James Comey testimony, the FBI counterintelligence operation began in July 2016, around the same time the Steele Dossier was given to the FBI and simultaneous to the first FISA application being denied.
The second FISA application was approved in/around October 2016. All current media outlines overlook the obvious question of whether the wiretaps and surveillance began in July 2016 without a warrant.
Given the nature of the illegality involved with the entire effort it would be naive to think the FBI waited until October for wiretaps to become legal when their own admissions state they began the operation in July, three months prior.
The story of October 2016 has more interesting aspects. But first, we must gain a greater understanding of the division within the DOJ that was involved.
♦The National Security Division (NSD) inside the DOJ was where all of the collaboration appears to have taken place. The NSD is a sub-division within the DOJ similar to the Counterintelligence Division within the FBI.
Using the National Security Division (NSD) inside the DOJ presents a specifically useful angle for the purposes of hiding duplicitous, unethical and unlawful conduct. Why? Well, here’s where the mirrored entry starts and also where it gets interesting.
(click image to enlarge)
Responding to a 2015 request by the DOJ Office of Inspector General, Deputy Attorney General Sally Yates told the internal watchdog they cannot investigate the National Security Division.
That’s right, there is essentially no oversight on any activity happening inside the NSD.
In 2015 the OIG requested oversight and it was Sally Yates who responded with a lengthy 58 page legal explanation saying, essentially, ‘nope – not allowed.’ (PDF HERE) All of the DOJ is subject to oversight, except the NSD.
The Department of Justice’s own Inspector General (currently Michael Horowitz who opened a January 2017 investigation into the 2016 politicization of the FBI and DOJ) is not allowed to investigate anything that happens within the NSD branch of the Department of Justice.
See the ‘useful arrangement‘?
Yeah, Funny that.
So it might not be so coincidental the players used on the DOJ side of “Operation Trump” all seem to come from within the National Security Division.
I digress, but remember, I said pay attention to the September/October 2016 time-frame.
DOJ Deputy Attorney Bruce Ohr was “demoted” in the summer of 2017 after the Inspector General discovered unreported 2016 contacts between Ohr and Russian Dossier author Christopher Steele, as well as contact with Fusion GPS founder Glenn Simpson, in October 2016. [Also remember Bruce’s wife, Nellie Ohr, was hired by Fusion GPS in April 2016 to start the research that ultimately ended with the sketchy dossier.]
Also in October 2016, right around the time the DOJ lawyers formatted the FBI information (Steele Dossier etc.) for the FISA Application, the head of the NSD, Asst. Attorney General John P Carlin, left his job.
It would have specifically been John Carlin’s responsibility to ensure a valid legal basis for the FISA application submitted to the Foreign Intelligence Surveillance Court.
Remember also, the July 2016 application was denied, a rarity. Therefore, if the second application used ‘sketchy’ enhancements – for the matter of accountability it no longer mattered because Asst. Attorney General John Carlin was headed to the exits.
Summary of October 2016 so far: ♦Bruce Ohr is meeting with Christopher Steele and Glenn Simpson and not telling his bosses. ♦The DOJ National Security Division submits FISA application for FBI use (likely using dossier). ♦The Head of DOJ National Security Division, John Carlin, quits.
Wait, it gets better.
I’m not making this up.
Immediately after the second FISA warrant is approved,… in the period where John Carlin has given his notice of intent to leave, but not yet left… Inside those specific two weeks,… On September 26th, 2016, the National Security Division of the DOJ tells the Foreign Intelligence Surveillance Court (FISC) they have been breaking the law; and the NSD specifically informs the court they have been using FISA applications to spy on their domestic political opposition.
However, we don’t discover this September 26th 2016 DOJ admission until May 2017. That’s when the FISA court decision on the self-reporting was released to the public, declassified and we find the details outlined within the court ruling.
The NSD admits the details how, under President Obama, the Eric Holder and Loretta Lynch Department of Justice used FISA applications to spy on political opponents, unmasked conversations to discover content, and also disclosed this has been happening for SIX YEARS prior to the beginning of the July 2016 joint FBI/DOJ “Trump Operation”.
Now, SERIOUSLY, does anyone doubt what the October 2016 FISA warrant was about?
You can read the 99-page FISA court ruling above –LINK HERE– and you can watch the explanation of 99-page FISC ruling above as shared by Judicial Watch below:
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Recapping September/October 2016: ♦Bruce Ohr and Peter Strzok are secretly meeting with Christopher Steele (Dossier) and Glenn Simpson (Fusion GPS). ♦The NSD is submitting a second FISA application to spy on candidate Trump. ♦The Justice Department National Security Division head announces his intention to leave the NSD. ♦And the DOJ-NSD inform the FISA Court they have weaponized prior FISA warrants for political operations.
Now, retain your blood pressure and watch National Security Division, Deputy Asst. Attorney General, Office of Intelligence, Stuart Evans testify to congress on June 27th 2017:
Additionally, if I’m going to drag you into the rabbit hole where the corruptocrats speak in riddles – you might want to help me guess an answer this question:
@00:26 Who is: “I took a senior member of the National Security Division”?
.
The date Sally Yates is describing is January 26th, 2017 – when she went to see White House Counsel Don McGhan to discuss Mike Flynn’s January 24th ambush interview with FBI agent Peter Strzok.
My hunch is the “senior member of the National Security Division” was Mary McCord.
I seem to vaguely remember something from WikiLeaks emails about four political women who would ensure Hillary Clinton’s victory…
♦Release #2 outlined the depth of FBI Agent Strzok and FBI Attorney Page’s specific history in the 2016 investigation into Hillary Clinton to include the changing of the wording [“grossly negligent” to “extremely careless”] of the probe outcome delivered by FBI Director James Comey.
♦Release #3 was the information about DOJ Deputy Bruce Ohr being in contact with Fusion GPS at the same time as the FISA application was submitted and granted by the FISA court; which authorized surveillance and wiretapping of candidate Donald Trump; that release also attached Bruce Ohr and Agent Strzok directly to the Steele Dossier.
♦Release #4 was information that Deputy Bruce Ohr’s wife, Nellie Ohr, was an actual contract employee of Fusion GPS, and was hired by F-GPS specifically to work on opposition research against candidate Donald Trump. Both Bruce Ohr and Nellie Ohr are attached to the origin of the Christopher Steele Russian Dossier.
♦Release #5 was the specific communication between FBI Agent Strzok and FBI Attorney Page. The 10,000 text messages that included evidence of them both meeting with Asst. FBI Director Andrew McCabe to discuss the “insurance policy” against candidate Donald Trump in August of 2016.
Venezuela has the largest proven oil reserve in the world. However, they are out of gasoline. The government has attributed this to poor management which has led to the stoppage of 80% of the country’s refineries. So much for socialism. The assumption that government is competent of managing anything is proven by this very example.
My old friend, Milton Friedman, said it best:
“If you put the Federal Government in charge of the Sahara desert, in 5 years there’d be a shortage of sand.”
A general with no energy experience was put now in charge of the state oil company. The problem has been political arrests has witnessed a mass migration of those with talent leaving the country with incompetent management. This has resulted in the oil industry simply collapsing as production is plummeting. A lack of investment compounded from the private sector and a collapse in cash flow coupled with chronic shortages of spare parts have crippled operations and we are looking at the first stage of how a government itself collapses under socialism.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 