Prescient Trump…


He knew they were always going to try the impeachment plan…

Two-Tiered Justice and Professional Escape Artists – Prior IG Conclusions Impede Current AG Barr…


CTH shared a prediction in September 2018 which bears repeating.  However, prior to revisiting the past let us overlay today’s events. Keep in mind, much of what is happening is downstream from predicate events that took place long before AG Bill Barr was confirmed to run the DOJ.  Actually, while not intending to defend Bill Barr, some of the recent events are beyond his control.  Here’s how:

First, if you remember when the 568 page IG report on FBI/DOJ conduct was delivered in June 2018, you might remember how the ‘executive summary and conclusions’ were disconnected from the main body of evidence within the report.  In 2018 CTH warned this “disconnect” was by design; essentially the corrupt officials were laying down a defense for any conduct, later outlined, that is connected to the body of the IG review.

When IG Horowitz announced last year he could find no evidence of actions taken as a result of political bias by FBI and DOJ officials; he also stated he could not rule out bias within their investigation.  Horowitz pointed to the lack of action by FBI Agent Peter Strzok -following the September 28th, 2016, notification of Clinton emails on Abedin laptop- as lacking reasonable explanation.  Essentially, despite suspicions, the summary conclusion was the IG could find “no evidence of intentional wrongdoing“.

The 568-pages contained a multitude of examples of FBI misconduct (media leaks etc.), but the same IG report summary said “no illegal activity was discovered.”  In the Sessions/Rosenstein led DOJ there was a disconnect between the summary/conclusions and the body of evidence.

With that in mind, how could the Bill Barr DOJ prosecute on evidence of behavior from within a report where the Rod Rosenstein DOJ conclusion was no evidence of “intentional wrongdoing”?

In short, he can’t.

Think about how easy it would be for a defense attorney representing one of the accused officials detailed in the IG report…. Take the IG report, which outlines the events for which the client is being prosecuted, and simply say: “the conclusion of the FBI investigation said “no evidence of intentional wrongdoing” so why is my client being charged?”

It’s a circular defense created by a prior conclusion. If there was no evidence of intentional wrongdoing, the downstream events cannot be prosecuted. This is by design. The design  explains this:

Now, having said that, let’s expand on prior words of caution.

QUESTION: If the DOJ Office of Inspector General found no intentional DOJ and FBI malfeasance in the June ’18 report covering the totality of the 2016 election; and no direct evidence of political bias within the decision-making of the officials being reviewed; what’s the likelihood of the same OIG finding malfeasance as it relates to DOJ/FBI *FISA activity* and the exact same people?

The extensive OIG election-period report found no DOJ/FBI misconduct (only some bad judgement). There were no criminal referrals. There were recommendations for internal improvement, which FBI Director Wray said the FBI would implement (link).

It’s important to note the Office of Inspector General FISA review/investigation of potential FISA abuses (opened March 28th, 2018) was launched three months prior to the “Election Activity” final report in June 14th 2018.  There was obvious investigative overlap; however, the June report said “no evidence of intentional misconduct.”

The time frame covered by the “Election Activity” review (OIG report 2) and the “FISA Activity” review (OIG report 3) are the same. The topics are different (FISA being more specific), but the people under review and time-frame therein are identical.

If the OIG found no intentional corrupt activity in the June ’18 report (only bad judgement); no referrals were made; and time period and people are exactly the same; how can the OIG produce a post-facto FISA review report with substantively different conclusions?  It seems unlikely.

However, that said, there is a narrow window of potential optimism for those seeking some measure of accountability inside IG report #3.

DOJ Official Bruce Ohr is likely still employed for the same reason the dispatch of Peter Strzok and James Baker was delayed prior to the finalization of IG report #2. The OIG and INSD (inspection division) can only reach those still inside the system.

On the narrow issue of how the DOJ and FBI assembled, handled and used the FISA application (and subsequent Title-1 surveillance warrant), against the Trump campaign and officials therein, Bruce Ohr is a key and central witness for the OIG (link).

Mr. Ohr has testified (transcript here) that he was interviewed by IG Horowitz about his role in assembling the information that was later used in gaining a FISA Title-1 surveillance warrant without following the Woods Procedure.  [Note: Mr. Ohr was never interviewed by John Huber]

Unlike the previous OIG report #2 (Election-era Issues) if the OIG can find direct and intentional “gross misconduct” (by referencing traditional and historic FISA application assembly therein), toward those officials who participated in the FISA assembly, then it becomes possible the OIG report could potentially outline that the FISA application resulted in serious fourth amendment civil rights violations. And that perspective could be a narrow opening toward legal issues for DOJ and FBI officials who participated in assembling an *intentional* and fraudulently-based application to the FISA court.

That approach is a high bar for the OIG to reach. The OIG would have to find “direct evidence” of “gross misconduct” resulting in civil rights violations. The defensive arguments by the corrupt group would be filled with legal justification(s) and internal process discussion.  Lots of room for reasonable doubt.

However, with the introduction of John Durham, there’s a possibility that building this scale of evidence is exactly what AG Bill Barr is trying to accomplish.

Any finding of “fourth amendment” FISA-abuse would be adverse to the interests of the larger U.S. intelligence apparatus and institutional participants who rely on the current use of the FISA process.  Current officials would want to protect it.

I suspect the team of DOJ/FBI officials who abused the FISA court, and are now watching things unfold, are also relying upon the institutional necessity of the FISA process to protect themselves from too much scrutiny and sunlight.  An example of that unfortunate reality is found with HPSCI Chairman Devin Nunes advocating for FISA reauthorization on January 11th, 2018 (link); right in the middle of the explosive revelations and discoveries of potential abuse.

As HPSCI Chairman, Devin Nunes knew back in 2017 the FISA process was abused for corrupt political intent.  However, he also knows FISA is a critical component and tool for the U.S. intelligence system and national security.  Currently Mr. Nunes is advocating for a much larger conversation about FISA and “Title-1” authority before any further congressional re-authorization.

We can only imagine the downstream political chaos if IG Horowitz started cracking open the doors to possible civil rights violations from Obama-era FISA abuse.

Oh, believe me, those gross civil rights violations are present. [SEE HERE]  The surveillance system that Obama officials assembled is massive and visible evidence of post-constitutional abuse of government databases, and violations of fourth amendment protections.  But will AG Bill Barr actually be able to bring evidence of those abuses to the public?

No-one really knows the extent of the current documents and/or information that may be subject to the AG Bill Barr declassification. However, this is the original list as outlined in September 2018, and the agencies who would be involved in the declassification process:

  1. All versions of the Carter Page FISA applications (DOJ) (DoS) (FBI) (ODNI).
  2. All of the Bruce Ohr 302’s filled out by the FBI. (FBI) (ODNI)
  3. All of Bruce Ohr’s emails (FBI) (DOJ) (CIA) (ODNI), and supportive documents and material provided by Bruce Ohr to the FBI. (FBI)
  4. All relevant documents pertaining to the supportive material within the FISA application. (FBI) (DOJ-NSD ) (DoS) (CIA) (DNI) (NSA) (ODNI);
  5. All intelligence documents that were presented to the Gang of Eight in 2016 that pertain to the FISA application used against U.S. person Carter Page; including all exculpatory intelligence documents that may not have been presented to the FISA Court. (CIA) (FBI) (DOJ) (ODNI) (DoS) (NSA)
  6. All unredacted text messages and email content between Lisa Page and Peter Strzok on all devices. (FBI) (DOJ) (DOJ-NSD) (ODNI)
  7. The originating CIA “EC” or two-page electronic communication from former CIA Director John Brennan to FBI Director James Comey that started Operation Crossfire Hurricane in July 2016. (CIA) (FBI) (ODNI)

♦ President Trump can prove the July 31st, 2016, Crossfire Hurricane counterintelligence operation originated from a scheme within the intelligence apparatus by exposing the preceding CIA operation that created the originating “Electronic Communication” memo. Declassify that two-page “EC” document that Brennan gave to Comey. [The trail is found within the Weissmann report and the use of Alexander Downer – SEE HERE]

♦ Release and declassify all of the Comey memos that document the investigative steps taken by the FBI as an outcome of the operation coordinated by CIA Director John Brennan in early 2016. [The trail was memorialized by James Comey – SEE HERE]

♦ Reveal the November 2015 through April 2016 FISA-702 search query abuse by declassifying the April 2017 court opinion written by FISC Presiding Judge Rosemary Collyer. Show the FBI contractors behind the 85% fraudulent search queries. [Crowdstrike? Fusion-GPS? Nellie Ohr? Daniel Richman?] This was a weaponized surveillance and domestic political spying operation. [The trail was laid down in specific detail by Judge Collyer – SEE HERE]

♦ Subpoena former DOJ-NSD (National Security Division) head John Carlin, or haul him in front of a grand jury, and get his testimony about why he hid the abuse from the FISA court in October 2016; why the DOJ-NSD rushed the Carter Page application to beat NSA Director Admiral Mike Rogers to the FISA court; and why Carlin quit immediately thereafter.

♦ Prove the Carter Page FISA application (October 2016) was fraudulent and based on deceptions to the FISA Court. Declassify the entire document, and release the transcripts of those who signed the application(s); and/or depose those who have not yet testified. The creation of the Steele Dossier was the cover-up operation. [SEE HERE]

♦ Release all of the Lisa Page and Peter Strzok text messages without redactions. Let sunlight pour in on the actual conversation(s) that were taking place when Crossfire Hurricane (July ’16) and the FISA Application (Oct ’16) were taking place. The current redactions were made by the people who weaponized the intelligence system for political surveillance and spy operation. This is why Page and Strzok texts are redacted!

♦ Release all of Bruce Ohr 302’s, FBI notes from interviews and debriefing sessions, and other relevant documents associated with the interviews of Bruce Ohr and his internal communications. Including exculpatory evidence that Bruce Ohr may have shared with FBI Agent Joseph Pientka. [And get a deposition from this Pientka fella] Bruce Ohr is the courier, carrying information from those outside to those on the inside.

♦ Release the August 2nd, 2017, two-page scope memo provided by DAG Rod Rosenstein to special counsel Robert Mueller to advance the fraudulent Trump investigation, and initiate the more purposeful obstruction of justice investigation. Also Release the October 20th, 2017, second scope memo recently discovered. The Scope Memos are keys to unlocking the underlying spy/surveillance cover-up. [SEE HERE and SEE HERE]

 

Too Deep To Drain? – OIG Finds Preponderance of Evidence Against FBI Deputy Asst. Director – DOJ Refuses to Prosecute…


Citing the ongoing internal investigation of FBI leaks to media, from the 2018 OIG report on FBI conduct, today the Office of Inspector General outlined a preponderance of evidence against a corrupt FBI Deputy Asst. Director.  However, the DOJ is refusing to prosecute:

(Source)

The most alarming aspect is the OIG finding of the Deputy Asst. Director leaking grand jury information to the media, and yet the DOJ is declining to prosecute.

Incredibly, the inspector general (IG) indicated, without explanation, that “prosecution of the DAD [deputy assistant director] was declined.”  Instead, the investigation’s findings will be referred to the FBI for “appropriate action”.   What the hell is going on?

Unfortunately this is a pattern; and bears striking similarities to the FBI finding clear evidence of former Senate Intelligence Committee Security head James Wolfe leaking the classified FISA application on Carter Page, and yet never facing charges for those leaks.

From the 2018 OIG report, here is how Michael Horowitz explained the media leaking:

What do the following four points have in common?

  • The manipulated DC legal case surrounding the Awan brothers; and how they escaped full accountability, likely due to need to protect politicians. (House of Representatives) The sweetheart plea deal.
  • The manipulated DC legal case surrounding SSCI Security Director James Wolfe; and how he was allowed to plea only to lying to investigators when the evidence was clearfrom the outset how he leaked classified information to his journalist concubine. Again, likely due to the need to protect politicians. (SSCI, Senate) The sweetheart plea deal.
  • The manipulated DC legal case surrounding Obama lawyer Greg Craig; and how he escaped accountability for FARA violations by running out the statute of limitations and burying Mueller’s evidence for 18 months. Again, likely due to the need to protect politicians (Obama White House). Sweetheart double standards.
  • The manipulated DC legal case, a non-filing, surrounding former FBI Deputy Director Andrew McCabe for lying to INSD investigators about his media leaks. Again, likely due to the need to protect the administrative state. Criminal referral (April 19, 2018); grand jury (Approx. July 2018); Status?… Oh, wait for it….

If you note the common thread is: U.S. Attorney for DC, Jessie K Liu, well, you would be entirely accurate. Oh, but wait, we’ve only just begun.

Pay attention to the timelines.

While newly confirmed Attorney General William Barr was “getting his arms” around ongoing corruption within the organization he is now attempting to lead, there was an announcement on March 5th, about U.S. Attorney Jessie Liu becoming the #3 official at the DOJ.

Three weeks later, on March 28th, there was an announcement about a change of plans, and U.S. Attorney Jessie Liu’s name was withdrawn from consideration.

In addition to AG Bill Barr “getting his arms around” issues within the department, what else happened between March 5th and March 28th that would so drastically change plans for Ms. Liu?:

On March 21st Representatives Jim Jordan and Mark Meadows send a letter (full pdf available here) to Attorney General William Barr wanting to know what is the status of the year-old (April 19th, 2018) criminal referral for fired FBI Deputy Director Andrew McCabe. (link)

.

Answering the letter from Jordan and Meadows would be easy. The AG picks up the phone, calls Ms. Liu, asks the question and then sends back a response. Except, well, there was no response. Instead, a week after receiving the letter Ms. Liu’s name is withdrawn from consideration for promotion…. and later AG Barr admits there was ‘spying’.

Keep in mind Meadows and Jordan obviously suspected –as did we– that no DOJ case against McCabe was being pursued; after all, the evidence was previously gathered, it doesn’t take a year. Additionally, when Mark Meadows is directly asked about the status of this specific issue today with Maria Bartiromo what does he answer? He doesn’t… [watch the interview] he avoids the question completely.

Put it all together and be intellectually honest…. McCabe’s current non-worried book-tour status is directly in-line with the politically convenient Awan, Wolfe and Craig approach.

See the picture?

Obviously we don’t yet have a solid history to reference AG Barr’s motive and intentions (cautious optimism). However, granting benefit of doubt, CTH can imagine an eyes-wide-open diplomatic response from any Bill Barr ‘hands-around-it‘ line of inquiry….

Hence, Liu withdrawn.

Now some might ask why Barr would simultaneously make Jessie Liu the chair of the Attorney General Advisory Committee on the same day her name is withdrawn (March 28th announcement); however, Barr doesn’t have a choice about the DC U.S. Attorney sitting on the AGAC. By law [28 CFR § 0.10] the Attorney General can pick all of the AGAC members, with one exception. The DC U.S. Attorney is required to be a member.

[Nice little deep state continuity trick]

Given that Barr is bringing in people from outside the DOJ –specifically from his prior law practice- that he knows he can trust, CTH suspects Barr made Liu Chairwoman of the AGAC for two reasons: (1) keep eyes on her; and (2) busy her with administrative work.

But wait…. it gets better.

Accepting that Ms. Jessie Liu is a career participant in the DOJ aspects of deep state preservation; even acting in a role as Deputy Chief of Staff for the DOJ National Security Division (yes, the DOJ-NSD division at the heart of the FISA issues); and remembering that Ms. Liu was also a member of the Trump transition team…. well, who the hell recommended her for those roles?

Someone ‘inside’ the Trump operation had to recommend Jessie Liu as a member of the transition team knowing full well her ideology would protect the administrative state. Who was that person who recommended her, and brought her in?

Additionally, regarding the recent March 5th, 2019, recommendation for Associate Attorney General (position #3), there has to be a point-of-contact between the DOJ and the inner circle of the White House. A person who would carry a recommendation from the DOJ institution, internally, to President Trump. Who was/is that person specifically?

If the 2016/2017 recommending transition member is the same as the 2019 recommending administration member… well, that’s the person who is directly working to the detriment of President Trump’s agenda.

Again, for those who might prefer to look-away from cold data, go back to the four points of specific reference we started with and research:

  • The manipulated DC legal case surrounding the Awan brothers; and how they escaped full accountability, likely due to need to protect politicians. (House of Representatives) The sweetheart plea deal.
  • The manipulated DC legal case surrounding SSCI Security Director James Wolfe; and how he was allowed to plea only to lying to investigators when the evidence was clearfrom the outset how he leaked classified information to his journalist concubine. Again, likely due to the need to protect politicians. (SSCI, Senate) The sweetheart plea deal.
  • The manipulated DC legal case surrounding Obama lawyer Greg Craig; and how he escaped accountability for FARA violations by running out the statute of limitations and burying Mueller’s evidence for 18 months. Again, likely due to the need to protect politicians (Obama White House). Sweetheart double standards.
  • The manipulated DC legal case, a non-filing, surrounding former FBI Deputy Director Andrew McCabe for lying to INSD investigators about his media leaks. Again, likely due to the need to protect the administrative state. Criminal referral (April 19, 2018); grand jury (Approx. July 2018); Status?…

Look up those specific backstories.

Right there, in combination with the non-accountability outcomes of the two previous inspector general reports, is a big part of the corruption problem. If AG Bill Barr intends to save these institutions, he has his work cut out for him.

When we overlay a day when corrupt special prosecutor Robert Mueller takes to the podium to state prosecutors cannot prove guilt, but rather President Trump must prove his innocence; and simultaneously the DOJ refuses to prosecute a demonstrably corrupt Deputy Asst. Director…. Well, things are beyond FUBAR.

When we see that justice is measured, not by due process, but by compulsion; when we  see that in order to invoke our sixth amendment right to due process, we need to obtain permission from men who rebuke the constitution; when we see that justice is determined by those who leverage, not in law, but in politics; when we see that men get power over individual liberty by graft and by scheme, and our representatives don’t protect us against them, but protect them against us; when we see corruption holding influence and individual liberty so easily dispatched and nullified – we may well know that our freedom too is soon to perish…

Robert Mueller Delivers (Opening) Statement….


The ¹Scheme Team always had a central problem. Their plan needed to utilize the Weissmann-Mueller report, and standing testimonial support therein, as a launching platform for impeachment proceedings.  However, they also couldn’t have Mueller appear before congress because he would face questions that would expose & collapse the fraud.

After several weeks of “negotiations” (ie. discussions and planning sessions) by Chairman Jerry Nadler and the “small DOJ/FBI group” of political usurpers, they decided to have Mueller deliver an opening statement to congress, and then immediately leave without facing questions.  Today, Mueller did exactly that…

.

¹Scheme Team: Pelosi, Schumer, Nadler, Schiff, Cummings, Weissmann, Mueller, Rosenstein, Brennan, Clapper, Wray, Bowditch, Boente, Comey, McCabe, Baker, Yates, McCord, Carlin, Strzok, Page, Archey, Warner, Feinstein, et al.

For almost two years the professionally obtuse beltway punditry suspended disbelief and ridiculed anyone who acknowledged Robert Mueller was a corrupt member of the established DC system.  The media purposefully positioned Mueller as a Boy Scout unmotivated by politics.  However, in the most clear exhibition to date, today Mueller he showed his true colors.

Two Great Songs about “Combat” the first from Sailor Jerri Hallelujah (two versions) and the second from Mitch Rossells A Soldier’s Memoir, if you haven’t been in Combat, and survived, you will not understand the power of this music.


Hallelujah Veterans Version, Original

Published on Apr 4, 2017

It’s rough. But I wanted it up My rewrite of Hallelujah “Veterans Version” Yes we are working on getting it recorded for everyone who has asked. Thank you for your support and for supporting the men and women in uniform. **yes the lyrics are protected under copy-write

Hallelujah Veterans Version, Final

Published on May 10, 2017

A Technical Study in the Relationships of Solar Flux, Water, Carbon Dioxide and Global Temperatures, April 2019 Data


From the attached report on climate change for April 2019 we have the two charts showing how much has the global temperature actually gone up since we started to measure CO2 in the atmosphere? To show this graphically Chart 8 was constructed by plotting CO2 as a percent increase from when it was first measured in 1958, the Black plot, the scale is on the left and it shows CO2 going up about 30.0% from 1958 to April of 2019. That is a very large change as anyone would have to agree.  Now how about temperature, well when we look at the percentage change in temperature from 1958, using Kelvin (which does measure the change in heat), we find that the changes in global temperature (heat) are almost un-measurable. The scale on the right side had to be expanded 10 times (the range is 40 % on the left and 4% on the right) to be able to see the plot in the same chart in any detail. The red plot, starting in 1958, shows that the thermal energy in the earth’s atmosphere increased by .30%; while CO2 has increased by 30.0% which is 100 times that of the increase in temperature. So is there really a meaningful link between them that would give as a major problem? The numbers tell us no there isn’t.

The next chart is Chart 8a which is the same as Chart 8 except for the scales which are the same for both CO2 and Temperature. As you see the increase in energy, heat, is not visually observably in this chart hence the need for the previous chart 8 to show the minuscule increase in thermal energy shown by NASA in relationship to the change in CO2. Based to these trends, determined by excel not me, in 2028 CO2 will be 428 ppm and temperatures will be 15.0o Celsius and in 2038 CO2 will be 458 ppm and temperatures will be 15.6O Celsius. This is what the data shows no matter what the reasons are, so I have no idea how the IPCC gets to predict that the world will end in ten or even twenty years.

The full 37 page report explains how these charts were developed and why using NASA and NOAA data are used with out change to prove that The New Green Deal is not required and any attempt to compliment that plan will be a world wide disaster.

Click on the link below for the full report that you can download.

BLACKBODY TEMPERATURE 2019-04 Data

Printing Money to Cover the Cost of Government


QUESTION: Hi Marty,
I have read that Lincoln’s treasury issued “Greenbacks” to help fund the North during the civil war.
1. Was this a direct printing, issuing of paper currency, aka like your “The Solution” ? (Bill Still, creator of the money masters documentary claims such…)
2. Others claim that it was meant all along to be backed by gold, and they point to the Specie Payment Resumption Act of January 14, 1875 as evidence..
So many different conflicting opinions / explanations out there, and was hoping you would tell us all what you believe about the Greenbacks. Thanks once again for all you do!

DC

ANSWER: Paper currency was issued to fund the Civil War beginning in 1861. Demand notes were issued between August 1861 and April 1862 to fund the American Civil War in denominations of 5, 10, and 20 USD. Demand notes were the first issue of paper money by the United States that achieved wide circulation. They were used to pay expenses incurred during the Civil War including the salaries of its workers and military personnel.

There was a reluctance to accept the demand notes, for there was no intent on redeeming them in gold. Instead, the government issued currency that was really a form of circulating bearer bonds. They were interest-bearing notes that had the table on the reverse, expressing the value of the note in terms of interest.

Demand notes became known as “greenbacks,” which distinguished them from the interest-bearing notes that displayed the interest table on the reverse. The demand note only had green ink.

The demand notes were discontinued, and their successors were the legal tender notes. The legal tenders could not be used to pay import duties, which were the taxes imposed at that time (indirect taxation). Demand notes took precedence and were acceptable. As a result, most demand notes were redeemed.

Therefore, the issue of paper money to pay the expenses worked. There was no such promise to repay these notes in gold when they were issued.

World Trade


COMMENT: Hi Marty

I agree with Trump. Assembling in the U S is not sufficient. We need the supply chain parts (eg manufacturing ) in the US. What do we do when we get in a war with say China – do we submit an order to china for parts to assemble a ship? Does not fly.

Kyle Bass and Bannon have come out speaking about the duty american companies have to our country. They use our legal system, tax system, to date favorable non tariffs and other incentives — where is the pay back to us? The days when our country was simply for sale and being sold out by politicians is gone – or we won’t have much of a country left. We have lost about half of our manufacturing jobs since nafta.

It needs to stop. Too bad if countries whine and cry that we can no longer be taken advantage of
We have been used and abused for a long time…people are sick of it.

thanks for the blog

Alice

REPLY: It is true that parts are shipped and then the final assembly takes place in the USA. But we also have to ask why did manufacturing leave in the first place? I testified before the House Way & Means Committee on this topic back in 1996. They wanted to know why no American companies got contracts in China to do the Yellow River Dam, which went to the Germans. I explained that Americans are taxed on worldwide income whereas Europeans pay taxes on what is earned in their territory. Why should someone pay taxes on income generated outside the USA when they are not using any services in the United States? It turns out that we are economic slaves because whatever we produce anywhere belongs to the government. It is no different from the 19th century – we are still the property of the state.

What we must understand is that American companies began to set up offshore just to be competitive. It was not that labor was $5 an hour v $15. That is the popular image they create to target corporations. The real problem is our tax code looks like the brainwave of a schizophrenic.

On top of that, we had a period of really hostile unions. Just look at New York City. Here is a photo of horse-drawn express wagons, moored ships, and piers at New York City’s South Street Seaport back in 1901. New York City was the largest port for trade. The unions became so corrupt and militant, they simply drove the port to other cities. There is nothing left in New York City anymore.

Then there was the fact that the militant unions took the position that they were exploited so the quality of their work declined. The Germans and Japanese offered quality and that was fair competition which eventually forced changes in the United States. Instead of workers, not much is done by robots. If we are really concerned about jobs, then address the elimination of income taxes which would make American workers more competitive. Restore the Constitution to indirect only.

 Julian Assange Indicted on 18 More Counts


Julian Assange of WikiLeaks was charged with conspiring to obtain national security secrets in what prosecutors have described as one of the largest compromises of classified information in U.S. history. They filed 18 new charges against Assange, which include allegations that he aided and abetted former Army intelligence analyst Chelsea Manning’s efforts to leak classified documents to the anti-secrecy group. Prosecutors alleged that Assange did so with reason to believe that the information would be used to injure the United States or help a foreign country.

The charges include one count of conspiracy to receive national security information, seven counts of obtaining it, nine counts of disclosing it and one count of conspiracy to commit computer intrusion. They also have argued that Assange also revealed the names of intelligence sources in Afghanistan, China, Iran, Iraq, and Syria. Naturally, they would love to imprison him for life, but will probably give him a number like 50 to 80 years so he remains there until he dies.

Assange was not charged for simply receiving classified documents like a journalist. They claim that no responsible journalist would release the classified names of intelligence sources. Therefore, they are seeking to distinguish him to avoid any claim of a journalist and First Amendment rights.

Corporate Buy Backs


Many people are confused as to why corporations have been buying back their shares in mass. The latest figures for 2018 are in and they demonstrate that the S&P 500 listed companies spent more on dividends and buybacks in 2018 than they actually made in total reported earnings ($1.26 trillion vs $1.1 trillion). What is really fascinating is that of the 500 listed companies, 444 have bought back their own shares. Buybacks alone have actually come in at 66% of reported earnings over the last five years. Since 2014, buybacks and dividends combined have exceeded the total increase in S&P 500 market capitalization by $1.3 trillion. In other words, buybacks alone represent 87% of the increase in S&P 500 market capitalization during that period.

Buying back shares at this stage has been massive, but companies have been taking advantage of the cheap interest rates. When interest rates collapsed to artificially low levels, it became economically more efficient to buy back the shares at such a low cost, and this, in turn, will increase the dividend yields. This mix of low interest rates has had a reverse impact on equities. There is no question that companies are keenly aware of just how important their buyback programs are to their share prices. As long as interest rates are cheap, then it’s hard to see them stopping unless the cost of borrowing forces them to do so. This is also setting the stage for a shortage in equities when capital begins to realize that there is a huge problem brewing on the public debt side of the balance sheet.