The reaction from CNN to news that U.S. Attorney John Durham is now conducting a criminal investigation is actually quite funny when contrast against their positions in 2017 and 2018. Jeffrey Toobin doesn’t have any idea about the background of Joseph Mifsud, and his narration is a jumbled mess of dissonance: “clearly no evidence” he proclaims.
When Weissman and Mueller were traveling the world to investigate Trump-Russia it was an example of prudent and thorough investigative approaches. However, Durham and Barr doing the same thing is an example of the most horrific investigation imaginable. When Mueller sent a subpoena it held a seriousness that could not be ignored; however, if Durham sends a subpoena, everyone can just shrug-it-off and “take the fifth”.
Accordingly, Weissmann & Mueller opened investigations, the targets were automatically guilty and should be alarmed. However, when Durham & Barr open investigations, it means nothing to the targets and not even the possibility of guilt. Meanwhile, former ODNI James Clapper’s muttering responses are, well, also quite humorous. WATCH
This would appear to be one of the few positive indicators that AG Bill Barr and U.S. Attorney John Durham are indeed doing more than bondo. The New York Times is reporting the Durham “review” has now officially moved into a full “criminal investigation”. [All emphasis mine]
WASHINGTON — For more than two years, President Trump has repeatedly attacked the Russia investigation, portraying it as a hoax and illegal even months after the special counsel closed it. Now, Mr. Trump’s own Justice Department has opened a criminal investigation into how it all began.
Justice Department officials have shifted an administrative review of the Russia investigation closely overseen by Attorney General William P. Barr to a criminal inquiry, according to two people familiar with the matter. The move gives the prosecutor running it, John H. Durham, the power to subpoena for witness testimony and documents, to impanel a grand jury and to file criminal charges.
My initial question was/is: does this mean the *interviews* with John Brennan and James Clapper were predicated on a shift into a criminal investigation? If yes, is that reality the baseline for the New York Times changing the reporting?
[…] The move also creates an unusual situation in which the Justice Department is conducting a criminal investigation into itself.
Mr. Barr’s reliance on Mr. Durham, a widely respected and veteran prosecutor who has investigated C.I.A. torture and broken up Mafia rings, could help insulate the attorney general from accusations that he is doing the president’s bidding and putting politics above justice.
It was not clear what potential crime Mr. Durham is investigating, nor when the criminal investigation was prompted. A Justice Department spokeswoman declined to comment.
[…] Federal investigators need only a “reasonable indication” that a crime has been committed to open an investigation, a much lower standard than the probable cause required to obtain search warrants. However, “there must be an objective, factual basis for initiating the investigation; a mere hunch is insufficient,” according to Justice Department guidelines.
When Mr. Barr appointed Mr. Durham, the United States attorney in Connecticut, to lead the review, he had only the power to voluntarily question people and examine government files.
[…] Mr. Barr began the administrative review of the Russia investigation in May, saying that he had conversations with intelligence and law enforcement officials that led him to believe that the F.B.I. acted improperly, if not unlawfully.
The F.B.I. opened the investigation in late July 2016, code-named Crossfire Hurricane, after receiving information from the Australian government that a Trump campaign adviser had been approached with an offerof stolen emails that could damage Hillary Clinton’s campaign.
F.B.I. agents discovered the offer shortly after stolen Democratic emails were released, and the events, along with ties between other Trump advisers and Russia, set off fears that the Trump campaign was conspiring with Russia’s interference.
FBI agents “discovered the offer“? Interesting use of words within the article by an outlet who sells the position of the DOJ and FBI. The “offer” was from Joseph Mifsud, who we know is not a Russian intelligence operative, but rather now appears to be a western intelligence operative under the guiding control of the CIA. The “discovery” part was the report of that activity by Australian diplomat Alexander Downer.
So what the New York Times is outlining here, is the CIA ran an operation using Mifsud to place information into Papadopoulos, a classic set-up, and the FBI is now claiming they had no idea the CIA was the originating intelligence apparatus for that information. Very interesting…. aligns with the FBI defensive framework from last week.
[…] The F.B.I. did not use information from the C.I.A. in opening the Russia investigation, former American officials said. But agents’ views on Russia’s election interference operation crystallized by mid-August, after the C.I.A. director at the time, John O. Brennan, shared intelligence with Mr. Comey about it.
Well the claim: “The F.B.I. did not use information from the C.I.A. in opening the Russia investigation” is demonstrably false. The CIA produced an “electronic communication” (EC) to the FBI which officially launched the premise of operation “crossfire hurricane’. That EC has never been released, though it has been seen by congressional investigators. So whoever this “former American official” is, is lying.
[…] The C.I.A. did contribute heavily to the intelligence community’s assessment in early 2017 that Russia interfered in the 2016 election and tried to tip it in Mr. Trump’s favor, and law enforcement officials later used those findings to bolster their application for a wiretap on a Trump campaign adviser, Carter Page.
As we have researched and outlined the CIA was the driving force behind the January 2017 Intelligence Community Assessment (ICA) and Peter Strzok was one of the primary authors. Additionally, how could the January 2017 ICA be used to bolster the application for the Carter Page FISA, when the FISA warrant was granted on October 21st, 2016? Perhaps the New York Times is intentionally trying to conflate the ‘second renewal”?
Mr. Barr is closely managing the Durham investigation, even traveling to Italy to seek help from officials there to run down an unfounded conspiracy that is at the heart of conservatives’ attacks on the Russia investigation — that the Italian government helped set up the Trump campaign adviser who was told in 2016 that the Russians had damaging information that could hurt Clinton’s campaign.
But Italy’s intelligence services told Mr. Barr that they played no such role in the events leading to the Russia investigation, Prime Minister Giuseppe Conte of Italy said in a news conference on Wednesday. Mr. Barr has also contacted government officials in Britain and Australia about their roles in the early stages of the Russia investigation.
So the Italian intelligence apparatus played no “official” role; which again would bolster the likelihood the CIA was the driving entity behind Joseph Mifsud.
[…] Mr. Durham has also asked whether C.I.A. officials might have somehow tricked the F.B.I. into opening the Russia investigation.
Mr. Durham has indicated he wants to interview former officials who ran the C.I.A. in 2016 but has yet to question either Mr. Brennan or James R. Clapper Jr., the former director of national intelligence.
The “tricked” by the CIA angle is a position seemingly outlined in many of the media defense articles on behalf of the FBI.
[…] Some C.I.A. officials have retained criminal lawyers in anticipation of being interviewed. It was not clear whether Mr. Durham was scrutinizing other former top intelligence officials. Adm. Michael S. Rogers, the former director of the National Security Agency, declined to say whether he had spoken with Mr. Durham’s investigators.
Mr. Durham also has yet to question many of the former F.B.I. officials involved in opening the Russia investigation.
I’d put that response from Admiral Mike Rogers in the affirmative side of the ledger; and again it’s good news the “small group” has yet to be interviewed.
[…] As Mr. Durham’s investigation moves forward, the Justice Department inspector general is wrapping up his own inquiry into aspects of the F.B.I.’s conduct in the early days of the Russia investigation. Among other things, the inspector general, Michael E. Horowitz, is scrutinizing the application for a warrant to wiretap Mr. Page.
Mr. Barr has not said whether Mr. Durham’s investigation grew out of the inspector general’s findings or something that prosecutors unearthed while doing interviews or reviewing documents. But the inspector general’s findings, which are expected to be made public in coming weeks, could contribute to the public’s understanding of why Mr. Durham might want to investigate national security officials’ activities in 2016.
Though the inspector general’s report deals with sensitive information, Mr. Horowitz anticipates that little of it will be blacked out when he releases the document publicly, he wrote in a letter sent to lawmakers on Thursday and obtained by The New York Times. (read full article)
QUESTION: Thank you for your interesting writing on climate change. I take it you see the cycle as natural and this fear seems to flip back and forth between warming and cooling as you published various news articles. Do you rank this as just fear-mongering?
TB
ANSWER: If we look just since 1895, the media loves to print headlines of fear. That they know people will then read. Therefore, this fear has alternated between global cooling and warming scares and at times they have even been overlapping. The first period was from 1895 until the 1930’s when the media was promoting we would all die from a coming ice age. Then it flipped with some overlap during the late 1920’s until the 1960’s when we would all die from global warming. Then it flipped again back to a coming ice age during the late 1950s which lasted into the late 1970s.
Now we are back to we will all die in 12 years from global warming. This time, the socialists have used it to justify dramatically raising taxes and seizing the economy for central control as was the case under Communism.
Doom & Gloom and fear-mongering seem to sell. I see this as absolutely a joke, but the joke is on us for the socialists are smiling – I gotcha now
A letter from DOJ Inspector General Michael Horowitz provides both good news and bad news. The goods news is Horowitz letter says likely no need for a “classified version” which means AG Bill Barr likely declassifying a lot of it.
However, the bad news is on page #2 where Horowitz says the final draft assembly is still ongoing, and the “review phase” has not yet begun. Which means the report is not likely to be made public before Thanksgiving.
Knowing how carefully the OIG chooses words when describing inter-agency discussions and contacts, a note of caution is also warranted for this part:
Instead of “redactions” and/or the need for a classified version (or appendix), the FBI process for a full release could also be requesting “removals”.
Lastly Horowitz notes the “review”, “accuracy” and “comment” period, which we customarily know as the “Principal Review Phase”, is not “anticipated to be lengthy”. In general the principal review phase under Horowitz has been around two-to-three weeks.
During that phase the sections of the report that pertain to specific DOJ and FBI officials will be sent to them (w/ a required NDA) for review and their feedback. The feedback may or may not be included in the final report as published. If principal feedback is included, the IG will generally provide additional rebuttal evidence.
When the principals get their copies, despite the non-disclosure agreement, they will undoubtedly start leaking to their media allies and lawyers on their behalf will begin the process to undermine any damaging information within the report.
Based on today being October 24th, I wouldn’t look for the final report until after Thanksgiving.
Once the DOJ (Rosenstein and Mueller) made the 2018 intentional decision to cover-up the FISA leak by Senate Intelligence Committee Security Director, James Wolfe, they set themselves upon a path where truthful disclosures would be adverse to their interests.
Think about it….
Think about what would have happened in mid 2018 if the DOJ prosecuted James Wolfe for leaking the FISA application…. Think about what would have been revealed about the role of Glenn Simpson and Christopher Steele… Think about how damaging that would have been to Robert Mueller… Think about all the ramifications four months prior to the mid-term election.
Remember, Rod Rosenstein authorized the second Scope Memo in August 2017 specifically so Weissmann & Mueller could investigate the claims within the ‘Dossier’. Think about what would have happened to the institution of the DOJ if they had proceeded with the prosecution of James Wolfe for leaking the FISA application; and all of the connections around the Steele Dossier and the FISA application came into light.
Don’t just do a cursory thinking about it, really think carefully about it.
Think about what would have happened to the SSCI and Mark Warner, if James Wolfe had been prosecuted…. Think about all of the April ’17 through 2018 media reporting on the FISA application; the Jan/Feb ’18 media arguments about the Nunes memo…. Think about every narrative the media was selling about the Steele Dossier and then later the FISA application….. and then think about Wolfe’s prosecution proving the media has the actual FISA application in their hands when they were writing all those false stories about it…
The ramifications of prosecuting Wolfe would have collapsed the entire Russian Collusion-Conspiracy narrative; and destroyed the reputations of the SSCI, the Mueller investigation, the DOJ, the FBI and the media.
Now do you see why they covered it up?
Once the DOJ and FBI leadership made the 2018 decision to cover-up the Wolfe leak of the FISA application, they set themselves on a path of no retreat and no return.
People often ask me why I changed my perspective in July/August 2018 and dropped the outlook of optimism toward accountability. Well, there ya’ go. I just explained why.
Put on your memory cap and think about the downstream ramifications for prosecuting James Wolfe. What would have changed?….. EVERYTHING.
Now, think about the downstream ramifications from covering-up the Wolfe leak of the FISA application. Think about all the officials who have first-hand knowledge they covered it up…. Think about the political participants that know the DOJ covered it up… Think about the FBI officials who investigated Wolfe, and who know their institutional leadership made the decision to cover-up what they found….
So what exactly will this same DOJ and FBI do in 2019 with an IG report that is specifically focused on the Carter Page FISA application?
Think about it carefully, and please share your thoughts.
Senator Lindsey Graham held a press conference to introduce a Senate Resolutioncondemning the House of Representatives’ closed-door impeachment investigation.
While the resolution [Text Available Here] is easily blocked by any democrat senator; what is important is to get senators on-the-record. This is an indicator of who will vote to impeach the President should articles ever reach the Senate.
There are 53 Republican Senators and 47 Democrats. If your senator is not on the list supporting the Graham-McConnell resolution, it might be a good idea to STAND and demand to know why?
When we see that justice is measured, not by due process, but by compulsion; when we see that in order to invoke our right to due process, we need to obtain permission from those 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 representatives 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….
As we bear witness, anyone trying to convince us this entire assembly of our union is headed in the right direction, well, they might want to revisit their proximity to the 2020 election ballpark. Because they’re not just out of the city – they’re also out of the same state the election ballpark is located in….. Then again, the media know that.
David Mamet had a famous saying, essentially: …‘in order for democrats, liberals, progressives et al to continue their illogical belief systems they have to pretend not to know a lot of things’… By pretending ‘not to know’ there is no guilt, no actual connection to conscience. Denial of truth allows easier trespass.
This hate-filled Democrat ideology relies on our willingness to accept their lies, falsehoods, and scripted presentations; and then demands we grant benefit amid their seeds of doubt.
There’s a level of anger far deeper and more consequential than expressed rage or visible behavior, it’s called Cold Anger.
Cold Anger does not need to go to violence. For those who carry it, no conversation is needed when we meet. You cannot poll or measure it; specifically because most who carry it avoid discussion… And that decision has nothing whatsoever to do with any form of correctness.
We watched the passage of Obamacare at 1:38am on the day before Christmas Eve in 2009. We watched the Senate, then the House attempt passing Amnesty in 2014. We know exactly how it passed, and we know exactly why it passed. We don’t need to stand around talking about it….
We know what lies hidden behind “cloture” and the UniParty schemes.
We watched the 2009 $900+ billion Stimulus Bill being spent each year, every year, for seven consecutive years. Omnibus, Porkulous, QE1, QE2, Bailouts, Crony-Capitalism. We know exactly how this works, and we know exactly why this ruse is maintained. We don’t need to stand around talking about it…. We’re beyond talking.
We accept that the entire Senate voted to block President Trump’s ability to use recess appointments in 2017, and 2018, and 2019. Every.Single.Democrat.And.Republican.
Cold Anger absorbs betrayal silently, often prudently.
We’ve waited each year, every year, for ten years, to see a federal budget, only to be given another Omnibus spending bill by “CONservative” politicians.
We’ve watched the ridiculing of cops, the riots, and the lack of support for laws, or their enforcement. We’ve been absorbing all that. We’ve been exposed to violence upon us by paid operatives of the organized DNC machine. We know; the media trying to hide it doesn’t change our level of information.
Cold Anger is not hatred, it is far more purposeful.
We watched in 2012 as the Democrat party thrice denied God during their convention. The doors to evil enterprise opened by official proclamation and request.
Cold Anger takes notice of the liars, even from a great distance – seemingly invisible to the mob. Cold Anger will still hold open the door for the riot goer. Mannerly.
We’ve watched our borders being intentionally unsecured.
We’ve watched Islamic Terrorists slaughter Americans as our politicians proclaim their uncertainty of motive. We know exactly who they are, and why they are doing it. We do not need to stand around discussing it…. we’re clear eyed.
Cold Anger evidenced is more severe because it is more strategic, and more purposeful. Eric Cantor’s defeat, Matt Bevin’s victory, Brexit, Donald Trump’s highest vote tally in the history of presidential primaries or President Trump’s 2016 victory might aide your understanding.
Cold Anger does not gloat; it absorbs consistent vilification and ridicule as fuel. This sensibility does not want to exist, it is forced to exist in otherwise unwilling hosts – we also refuse to be destabilized by it.
Transgender bathrooms are more important than border security.
Illicit trade schemes, employment and the standard of living in Vietnam and Southeast Asia are more important to Wall Street and DC lobbyists, than the financial security of Youngstown Ohio.
We get it.
We understand.
We didn’t create that reality, we are simply responding to it.
The intelligence apparatus of our nation was weaponized against our candidate by those who controlled the levers of government. Now, with sanctimonious declarations they dismiss accountability.
Deliberate intent and prudence ensures we avoid failure. The course, is thoughtful vigilance; it is a strategy devoid of emotion. The media can call us anything they want, it really doesn’t matter…. we’re far beyond the place where labels matter.
Foolishness and betrayal of our nation have served to reveal dangers within our present condition. Misplaced corrective action, regardless of intent, is neither safe nor wise. We know exactly who Donald Trump is, and we also know what he is not. He is exactly what we need at this moment. He is a necessary glorious bastard.
He is our weapon.
Cold Anger is not driven to act in spite of itself; it drives a reckoning.
When the well attired leave the checkout line carrying steaks and shrimp using an EBT card, the door is still held open; yet notations necessarily embed.
When the U.S. flags lay gleefully undefended, they do not lay unnoticed. When the stars and stripes are controversial, yet a foreign flag is honored – we are paying attention.
When millionaire football players kneel down rather than honor our fallen soldiers and stand proud of our country, we see that. Check the NFL TV ratings – take note.
When a school community cannot openly pray, it does not mean the prayerful were absent.
When a liar seems to win, it is not without observation. Many – more than the minority would like to admit – know the difference between science, clocks and political agendas.
Cold Anger perceives deception the way the long-term battered absorb a blow in the hours prior to the pre-planned exit; with purpose.
A shield, or cry of micro-aggression will provide no benefit, nor quarter. Delicate sensibilities are dispatched like a feather in a hurricane.
We are patient, but also purposeful. Pushed far enough, decisions are reached.
[…] On the drive to and from the East Coast, I paid attention to the billboards and bumper-stickers. Folks, the people in “Fly over” country are PISSED, from the guy that guides hunters, to the mayors of towns and cities, to state senators congressmen and Governors who are voting to arrest and imprison federal law enforcement officials for enforcing federal gun laws that don’t agree with state law … The political pendulum has never, in the history of humanity, stayed on one side of a swing. The back lash from over reach has always been proportionate to how far off center it went before coming back … right now we’re staring at a whole hell of a lot of the country (about 80-90% of the land mass, as well as about 50+% of the population) that is FED UP. You really don’t want those guys to decide that the only way to fix it is to burn it down and start over… (more)
It’s too late…
This man has faced opposition that would overwhelm any other President. Our chosen President is constantly attacked by those holding a corrupt, conniving and Godless leftist ideology. It is our job now to stand with him, firm on his behalf.
To respond we must engage as an insurgency. We must modify our disposition to think like an insurgent. Insurgencies have nothing to lose. If insurgents are not victorious the system, which controls the dynamic, wins. However, if insurgents do nothing, the same system, which controls the dynamic, also wins.
Do nothing and we lose. Go to the mattresses, and we might win.
The choice is ours.
The awakened American middle-class insurgency, led by Donald Trump, is an existential threat to the professional political class and every entity who lives in/around the professional political class. Their entire political apparatus is threatened by our insurgency. The political industry, all of corrupt governance, is threatened by our support through Donald Trump.
Decision time.
You know why the entire apparatus is united against President Trump. You know why the corrupt Wall Street financial apparatus is united against President Trump. You know why every institutional department, every lobbyist, every K-Street dweller, every career legislative member, staffer, and the various downstream economic benefactors, including the corporate media, all of it – all the above, are united against Donald Trump.
Donald Trump is an existential threat to the existence of a corrupt DC system we have exposed to his disinfecting sunlight. Donald Trump is the existential threat to every entity who benefits from that corrupt and vile system.
White House Trade and Manufacturing Advisor Peter Navarro appears on Fox Business to discuss the purpose and intent of the USMCA and the ongoing China trade discussions.
What Navarro skims upon is the heart of the economic purpose behind the USMCA as requested by President Trump and constructed by USTR Lighthizer. The USMCA establishes an internal North American manufacturing system; this provides the alternative for Asian manufacturing of goods for the U.S. market.
This manufacturing system is why Mexico is “all-in” to support the USMCA. Additionally, the economic benefits within the system as constructed is exactly why Mexican President Lopez-Obrador is willing to pressure House democrats to ratify and also back-up President Trump on other geopolitical issues (immigration controls etc).
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On the Stock Market dynamic. Currently there is a great deal of investment capital waiting to see where the money should be placed. Investment in China has dropped dramatically; investment in Southeast Asia shifted, but new investment is pending this outcome. Multinationals are calculating the TCP (Total Cost of Production), and if the new USMCA is passed there will be a triggering effect of North American investment because the uncertainty will be eliminated.
Unfortunately the advisors to Speaker Nancy Pelosi know the likelihood of economic benefit from the new North American trade agreement; and that’s why they are holding back passage of the USMCA. The democrats know it would be a big investment boost to the economy. Their political future is dependent on not allowing that to happen.
Their excuse for not passing USMCA is a false-excuse surrounding labor issues. The North American content standards within the USMCA will drive the manufacturing decisions; this is the closure of the NAFTA loophole.
To protect herself from the political backlash, Pelosi has leveraged AFL-CIO union President Richard Trumka to support her false claims. Trumka is trying to help the democrats politically by agreeing with the false-narrative about the labor concerns. It’s all a scheme:
(Via NBC) […] In an interview with The Washington Post published Wednesday, AFL-CIO President Richard Trumka said it would be a “colossal mistake” for the Democratic-held chamber to vote on ratifying the United States-Mexico-Canada Agreement soon. The head of the key labor group, which represents more than 12 million active and retired members across a range of industries, added that the agreement “would be defeated” if the House voted before Thanksgiving.
Trumka’s comments underscore the sustained resistance to the USMCA from labor groups even as the White House and key business organizations push for the deal’s swift approval. House Speaker Nancy Pelosi and top Democratic negotiators have said they want to resolve concerns about the deal harming American workers or the environment before they ratify it.
The labor leader’s remarks undermine a key claim from the president as he makes his case for the deal: that major labor unions back the USMCA. (read more)
Visit The Patriot Post: America’s News Digest http://bit.ly/2mp8oOX —— The New York Times says insiders are still fishing for a better candidate for the Democrat party’s 2020 presidential nomination. After multiple debates among scores of candidates, millions of dollars spent, and exhaustive polling, the Democratic establishment still wishes it had someone who could beat President Donald Trump. Is that savior Hillary Clinton, Michael Bloomberg, Michelle Obama, or perhaps an existing second-tier candidate like Pete Buttigieg, Tulsi Gabbard or Amy Klobuchar? To enjoy the full archive of Right Angle — with Bill Whittle, Scott Ott and Stephen Green — go to https://BillWhittle.com Besides the hundreds of videos, Members get to enjoy special Backstage episodes, and access to the comment section, the Member-written blog, the new forums, and a private messaging feature — all designed to foster civil dialogue, rational thought, mutual encouragement and fun, without the toxins of social media.
Hillary Clinton’s catty remarks about Tulsi Gabbard being a Russian agent lead Powerlineblog’s John Hinderaker to question whether she’s drunk podcasting. Bill Whittle considers a more troubling diagnosis — she’s literally a psychopath. The deep, rich, archive of Right Angle — with Stephen Green, Bill Whittle and Scott Ott — is available to you right now at https://BillWhittle.com
QUESTION: Might you clarify this response you gave on one of your very recent blogs. You said bail-in may NOT be permitted on US soil. Did you mean that despite the laws written in the USA to allow it, you don’t think it is likely to happen to USA citizens banking in the USA?
OR were you only meaning in regards to overseas banks with locations within the USA would most likely not use bail-in.
OR because of all the EU money fleeing to USD/USA that the banks stable in the USA (for now) and thus no bail-in needed?
Do you think there would EVER be the case for a USA bank bail-in? Or is this just more conspiracy talk? For obvious reasons, this is of great concern to all of us as this USD repo madness, liquidity crisis and DB’s derivative contagion begins to spread throughout Europe into the next ECM turn in mid-January 2020.
Thank you in advance for your efforts and response to this question.
L
ANSWER: The bail-in laws were passed during the last crisis which was a popular response at that time because no bankers were ever punished for what they did in New York City. To the extent that FDIC exists, they would certainly honor that or it would be political suicide. However, the fine print is FDIC cover per person. Putting money at 5 different banks would seem to get around their limitations, but I would not count on that.
The gray area comes in two aspects.
First, there are at any given time money from one bank which can be at another (REPO) which is also why there is a liquidity crisis
Second, there are business accounts which exceed $100,000
The problem with a bail-in is that the ramifications would be far worse than the Great Depression. You would destroy businesses that would then be unable to make payroll and the unemployment would be massive – far greater than the 25% high of the Great Depression.
The BAIL-IN policy of Europe is a different animal altogether. This has nothing to do with bailing-out bankers. This stems from the refusal to consolidate debts. If banks failed in Southern Europe, then a bailout would mean money from the north could go to the south. This is the structural design. It is WHY Europe adopted the bail-in, quite different from the question of bankers’ conduct. Germany’s demand to join the Euro was that there would be no consolidation of debts. As I have said, the EU is like a family reunion with the cousin who is the drunk than people smile at, but would never lend him a dime. You can pretend it one happy family, but that is just the surface.
A bail-in would actually be devastating economically. It defeats the very idea of banking for if the burden is shifted to depositors to monitor banks when we have agencies who are supposed to do that, then why do we need governments or pay taxes?
Despite the laws, they were never thought threw and it is a huge difference between a regional bank and Goldman Sachs. The hatred was directed at the New York Banks – and rightly so. Because the federal court in New York City has protected the bankers, they have actually undermined the entire country by their stupid actions.
QUESTION: Hi Marty,
I was expecting a blog about Catalonia after the trial. So, here I am. Things have escalated lately and we are seeing violence in the streets. People are getting angry with no solution nor proposal from Madrid on the table for years. Spain will never allow Catalonia to get independence, a referendum nor anything basically. They will do everything they can to avoid it. We did see that so many times already, working very closely with the law. It seems to me that independence has never been so close though. I am expecting PSOE together with PP to rule after 10N. They will make bad decisions again and I see that after that we might see the last part of the journey to finally get independence. I am not sure how this could/will be done. Spanish will jail everyone, beat everyone and call us nazis, violent, not using the law properly, supremacists etc. EU will not support it again. This time though I have the feeling we will make it. What does you/Socrates see here? How can independence be achieved in these circumstances? Spain has the law (theirs) and the power to stopped, but this has gone too far, we really need to do it. Our future and our children’s future are at high risk sticking within Spain.
Thanks for all your work.
M ANSWER: It was the marriage of Ferdinand and Isabella in 1469 which united both crowns and set the stage for the creation of the Kingdom of Spain, at the dawn of the modern era. From a cyclical perspective, Spain will probably split by 2029. The separatist movement for Catalonia remains in play. It is only a question of time. The economic pressure will be to surge in 2021/2022 and that will most likely result in the final separation by 2029 with the potential to come a little early by 2025.
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 