Billionaire Mini-Mike Bloomberg spent more than $700 million in an effort to win the Democrat presidential nomination. He won American Samoa. Today mini-mike announces he is suspending his campaign and immediately endorses Joe Biden.
Bloomberg has a massive campaign system behind him, including thousands of campaign workers and a nation-wide network from his political committee activities around gun control. It is virtually certain Bloomberg will use a legally permissible independent expenditure and put the very expensive apparatus into play behind Biden.
New York – Former New York Mayor Mike Bloomberg suspended his presidential campaign on Wednesday, endorsing Joe Biden after pouring hundreds of millions of dollars into his own failed White House bid.
“Three months ago, I entered the race for president to defeat Donald Trump. Today, I am leaving the race for the same reason: to defeat Donald Trump,” Bloomberg said in a statement. “It is clear to me that staying in would make achieving that goal more difficult.”
Bloomberg’s exit comes hours after a disastrous showing in the Super Tuesday primaries, which netted the former mayor only a single first-place victory in the territory of American Samoa. (more)
I’ve been watching the results and it does not look good for Bloomberg. He can try to buy the nomination, but he can’t buy charisma. It what could be one of his most cringeworthy moments, he pronounced Texas as ‘Tejas,’ presumably to garner hispanic votes.
I’ve never heard Texans call it ‘Tejas,’ just Texas. I expect Bloomberg to do a lot of losing tonight.
Pete Buttigieg and Senator Amy Klobuchar of Minnesota have dropped out of the race after behind the curtain lobbying. Klobuchar and Buttigieg both endorsed Biden, which was no surprise. The Democrats are doing everything to prevent Bernie from becoming their candidate. The plot still thickens for the scuttlebutt remains that if they can stop Bernie on the first ballot then the party will draft Hillary.
Joe Biden scored a victory in Massachusetts, Minnesota, Virginia, Tennessee, Alabama, North Carolina, Arkansas, and Oklahoma while Elizabeth Warren lost both her home state of Oklahoma and Massachusetts which is never a good sign. Bloomberg’s only victory was the American Samoa, which awarded him just five delegates. He did come in second in Colorado and Utah. At a rally in West Palm Beach, Fla. Tuesday night, Bloomberg vowed to press on. The Super Tuesday primaries have shaped up as a day of reckoning for billionaire media mogul Michael Bloomberg who spent more than $500 million of his vast fortune on TV ads, pushing a message of competence, but trails everywhere in the Democratic presidential race. Bloomberg is used to getting his own way. However, he was unable to buy the While House. At this point, he seems to be spending lavishly for an ego trip.
Bernie Sanders won his home state of Vermont and later racked up wins in Colorado and Utah. Sanders will come in second in Massachusetts, which has 91 delegates easily beating Elizabeth Warren who will finish a disappointing third in her home state.
At 11PM EST, California has not posted any results. Bernie had won California before but the votes were stolen and handed to Hillary. Many people are wondering if the Democrats will really let Bernie take California. If there are no games, Bernie should win California this time around. California election officials claim a connectivity issue involving the California Secretary of State’s voter file database forced local vote centers in 15 counties, including Sacramento, to look up voters’ info and print ballots manually. This has interestingly slowed the process considerably for a number of voters Tuesday morning. If Bernie does not win California, there will be serious allegations against California this time around.
Nonetheless, a federal judge on Monday ordered former Secretary of State Hillary Clinton to sit for a deposition in a lawsuit related to her use of a private email server while at the State Department. The entire issue centers on the fact that she used a private server to skirt the Freedom of Information Act. In a lawsuit filed more than five years ago by Judicial Watch, the court correctly ruled that by using a private mail server, she was able to destroy documents, shield what she was doing, and escape having to turn over documents under the Freedom of Information Act. This is coming perhaps in time for the Democratic Convention which will begin on July 13, 2020, and run until Thursday, July 16, 2020.
QUESTION: Marty, your explanation of the 1987 Crash and the Nikkei are very informative. Can you elaborate on how we can see that on Socrates?
Thank you for the education
UD
ANSWER: The easiest way to see that is by using the Energy Model I developed. The very purpose of the model is to measure the amount of energy in the system, which is not the same as looking at the price movement of charts thereof.
Compare how the Energy Model performed on the Great Depression and then look at the 2007-2009 Financial Crisis. The Dow did not make new highs on the Energy Model until 1954. That took 25 years to accomplish. This was a Public Wave where sentiment shifted to secure government bonds, and equities were viewed as the speculative play toys of the rabble.
Now, look at the 2007-2009 Financial Crisis. We were making new highs on the Energy Model by February 2010. This confirmed that we would be making new record highs and this became the Most Hated Bull Market in history.
The 1987 Crash was interesting, for the Energy Model continued to make new highs after the market peaked. This was a warning we were dealing with a short-term event, not long-term. However, that high in energy from 1987 was not exceeded until July 1995. From that point onward, the US market began to rally significantly.
The US share market broke out on our Energy Models in July 1995 while the dollar bottomed against the Japanese yen in April 1995. This also confirmed we were dealing with a capital flow shift that would turn toward the dollar and the US equities.
Our Energy Models were designed to provide a completely different view of market activity. Even if we look at the standard oscillator, it peaked in January 1925 and that was not exceeded even into 1929, It was finally marched only in February 1955. So that was no help in really forecasting the Great Depression or the rally thereafter.
The Energy Model offers a completely different perspective and it has nothing to do with oscillators or moving averages. Moving average convergence divergence (MACD) is one of the most commonly used technical analysis indicators. However, the MACD (26/12) did not cross until June 1930. So this trend following momentum indicator looks at an asset’s momentum to ascertain whether the trend is up or down, but it failed to provide a trading signal that would have gotten you out of the market for nine months after the high. Therefore, oscillators and moving averages can be good confirmation tools, but they are not consistent insofar as providing always an advance warning.
The Federal Reserve is in full panic mode. The Federal Reserve cut interest rates Tuesday in a rare emergency meeting, responding aggressively to the growing threat the coronavirus poses to the economy and markets. The Fed lowered its key federal fund rates by half a percentage point to a range of 1% to 1.25%, the central bank said in a statement.
We warned over the weekend that Socrates had pinpointed this week and then the week of March 23 for actions by the Fed. The Fed is between a rock and a hard place. It had to act in response to the collapse in economic data for the 1st quarter, but at the same time, rates are rising in the real world due to perceived credit risks. This means that the Repo Crisis will get worse and the Fed will have to become the permanent market-maker to maintain short-term rates at these levels.
The steep cut of 50 bp was an emergency half-percentage point rate cut on Tuesday in an effort to protect U.S. economic growth from the impact of the coronavirus outbreak. However, the production lines are already declining. The Fed is looking at how the press has whipped this up into a global panic. But as we can see, volatility will rise further at the end of the month and we should expect this to manifest in a serious escalation of the Repo Crisis as early as May/June
This is a fantastic and well-timed video that cuts to the heart of the matter. John Spiropoulos has produced an exceptional video outlining the structural issues within the FISA process. This video succinctly outlines the modern history of FISA abuse issues and highlights why we must use this critical moment to reform the FISA process. WATCH:
.
Share this video with those who need a fast encapsulation of the FISA issues at hand.
According to Senator Rand Paul, President Trump is committed to seeing that FISA is not reauthorized without “significant” reform. Senator Paul has proposed to significantly change the FISA process by forcing the DOJ, FBI and Intelligence Community to apply for search and surveillance warrants to Title-3 courts in order to access any NSA database containing private information of American citizens.
Current FISA authority expires on March 15th. The Senate is scheduled to go back into recess March 13, 2020. Additionally, the DOJ/FBI response to the FISA court order (due February 5th) has still not been made public. If congress is going to reauthorize the controversial FISA provisions, they now have nine days.
Prior to the December 9, 2019, inspector general report on FISA abuse, FISA Court judges Rosemary Collyer (declassified 2017) and James Boasberg (declassified 2019) both identified issues with the NSA bulk database collection program being exploited for unauthorized reasons.
For the past several years no corrective action taken by the intelligence community has improved the abuses outlined by the FISA court.
Also keep in mind the deadline for the DOJ to respond to the FISA court about the abusive intelligence practices identified in the Horowitz report was February 5th, more than four weeks ago. The responses from the DOJ and FBI have not been made public.
It appears the DOJ is trying to get the FISA reauthorization passed before the FISC declassifies the corrective action outlined from the prior court order. This response would also include information about the “sequestering” of evidence gathered as a result of the now admitted fraudulent and misrepresented information within the FISA applications.
The FISA “business records provision”, the “roving wiretap” provision, the “lone wolf” provision, and the more controversial bulk metadata provisions [Call Detail Records (CDR)], again all parts of the Patriot Act, must not be reauthorized without a full public vetting of the abuses that have taken place for the past several years.
The position being put forth by Rand Paul is exactly correct. Change the law so that FISA can only be used against foreign actors, and force the DOJ or intelligence apparatus to go to a normal Title-3 court for a search/surveillance warrant against any American.
Senator Rand Paul reported earlier this evening that he met with President Trump in the White House to discuss the pending FISA reauthorization. According to Senator Paul President Trump will not support reauthorization without “significant FISA reform”.
Senator Paul appears with Lou Dobbs to discuss the latest developments. The position being put forth by Rand Paul is exactly correct. Change the law so that FISA can only be used against foreign actors, and force the DOJ or intelligence apparatus to go to a normal Title-3 court for a search/surveillance warrant against any American. WATCH:
.
The Senate is scheduled to go back into recess March 13, 2020. Additionally, the DOJ/FBI response to the FISA court order (due February 5th) has still not been made public. If congress is going to reauthorize the controversial FISA provisions, they have nine days.
In November of 2019 buried deep in the congressional budget Continuing Resolution (CR) was a short-term extension to reauthorize the FISA “business records provision”, the “roving wiretap” provision, the “lone wolf” provision, and the more controversial bulk metadata provisions [Call Detail Records (CDR)], all parts of the Patriot Act. As a result of the FISA CR inclusion the terminal deadline was pushed to March 15, 2020.
Prior to the December 9, 2019, inspector general report on FISA abuse, FISA Court judges Rosemary Collyer (declassified 2017) and James Boasberg (declassified 2019) both identified issues with the NSA bulk database collection program being exploited for unauthorized reasons. For the past several years no corrective action taken by the intelligence community has improved the abuses outlined by the FISA court.
Keep in mind the deadline for the DOJ to respond to the FISA court about the abusive intelligence practices identified in the Horowitz report was February 5th, more than four weeks ago. The responses from the DOJ and FBI have not been made public.
It appears the DOJ is trying to get the FISA reauthorization passed before the FISC declassifies the corrective action outlined from the prior court order. This response would also include information about the “sequestering” of evidence gathered as a result of the now admitted fraudulent and misrepresented information within the FISA applications.
The FISA “business records provision”, the “roving wiretap” provision, the “lone wolf” provision, and the more controversial bulk metadata provisions [Call Detail Records (CDR)], again all parts of the Patriot Act, must not be reauthorized without a full public vetting of the abuses that have taken place for the past several years.
At a minimum the pending DOJ/FBI response to the FISA court needs to be made public prior to any reauthorization by congress. And to better understand the scale of the issue, the consequences when the system is abused, the upstream sequester material needs to be made public.
Let the American public see what investigative evidence was unlawfully gathered, and let us see who and what was exposed by the fraudulently obtained FISA warrants. At a minimum congress and the American people need to understand the scale of what can happen when the system is wrong – BEFORE that exact same system is reauthorized.
Declassification of existing records would reveal the November 2015 through April 2016 FISA-702 search query abuse as outlined in the April 2017 court opinion written by FISC Presiding Judge Rosemary Collyer. Who exactly are these private sector FBI contractors behind the 85% fraudulent search queries? This was a weaponized surveillance and domestic political spying operation. [The trail was laid down in specific detail by Judge Collyer – SEE HERE]
The U.S. constitution’s fourth amendment is being violated by the continued abuse of bulk metadata collection, particularly when private contractors and government officials illegally access the system. The 2016 FISA review (party declassified in 2017) and the 2018 FISA review (party declassified in 2019) both show ongoing and systematic wrongdoing despite all prior corrective action and promises.
It should not be a 5-4 split and majority decision, but that just goes to reflect how radical and structurally political the Supreme Court has become. In an important ruling today the Supreme Court ruled 5 to 4 that illegal aliens can be prosecuted by the states for stealing the identity of U.S. persons on employment eligibility paperwork. [Direct pdf link]
Stunningly four justices (BREYER, GINSBURG, SOTOMAYOR, and KAGAN) dissented from the majority decision; and instead gave their minority opinion that federally mandated I-9 employment eligibility certifications should not be permitted for use as evidence in cases surrounding identity theft.
According to the dissenting opinion, if your identity or social security number was stolen by an illegal alien; and used to falsify employment eligibility documents; that illegal action is not itself criminal conduct because the documents are not permissible as evidence to show the alien falsified information. An absolutely bizarre position in a nation of laws.
The primary issue surrounds federal laws that state employment affidavits, like an I-9 eligibility declaration, cannot be used to prosecute illegal aliens, unlawfully residing in the U.S. However, it is simultaneously unlawful under federal law to provide false information on those employment eligibility documents.
Thankfully the five majority justices (ALITO, ROBERTS, THOMAS, GORSUCH, KAVANAUGH) saw the abject stupidity of the lower court ruling (Supreme Court of Kansas) reversing and remanding the prior decision. Justice Alito wrote the majority opinion and pointed out the ridiculous outcomes if such considerations were extended.
[…] Suppose that an employee truthfully states on his I–9 that his name is Jim Smith. Under the interpretation of 8 U. S. C. §1324a(b)(5) that the Kansas Supreme Court seemingly adopted, no one could use Jim’s name for any purpose. If he robbed a bank, prosecutors could not use his name in an indictment. His employer could not cut a paycheck using that name. His sister could not use his name to mail him a birthday card. [pg 13]
Here’s the 37-page ruling. I would STRONGLY urge everyone to review it.
Today is Super Tuesday where 14 states and two territories vote in the presidential primary. Polls begin closing at 7 p.m. Eastern, in Vermont, Virginia and parts of Alabama. The first state call of the night for Democrats will probably be Vermont; the home-state for Senator Bernie Sanders. Massachusetts closes at 8pm, will Warren hold her home-state?
The media will follow the Club rules on election day reporting. Results favorable to Joe Biden or ‘Never Bernie’ will be released first and emphasized. Results favorable to Bernie Sanders will be delayed and downplayed. This is also the first set of ballots that will include Mini-mike Bloomberg. The narrative coming out of this evening is critical.
♦ Vermont (16 delegates), polls close 7pm ET – ♦ Virginia (99 delegates) polls close at 7pm ET – ♦ North Carolina (110 delegates) polls close 7:30pm ET – ♦ Alabama (52 delegates), most polls close 8pm ET – ♦ Maine (24 delegates), polls close 8pm ET – ♦ Massachusetts (91 delegates), polls close 8pm ET – ♦ Oklahoma (37 delegates), polls close 8pm ET – ♦ Tennessee (64 delegates), polls close 8pm ET – ♦ Texas (228 delegates), polls close 8pm ET – ♦ Arkansas (31 delegates), polls close 8:30pm ET – ♦ Colorado (67 delegates), polls close 9pm ET – ♦ Minnesota (75 delegates), polls close 9pm ET – ♦ Utah (29 delegates), polls close at 10pm ET – and ♦ California (415 delegates), polls close 11pm ET.
Chopper Pressers are the best Pressers. President Trump and members of the Coronavirus taskforce deliver remarks to the press pool after arriving back at the White House from a visit to the National Institute of Health in Maryland. [Video and Transcript Below]
.
[Transcript] – THE PRESIDENT: So, we just got back. We had a great tour of NIH. And Dr. Fauci is here, along with our Secretary. And a lot of progress. Maybe, Alex, you’d like to start and then we’ll have the Doctor say something.
SECRETARY AZAR: Well, we just had an incredible visit up at NIH at the National Institute of Allergy and Infectious Disease that Dr. Fauci leads. And the President got to hear from the actual bench scientists who, within three days — within three days — developed a potential vaccine for the novel coronavirus.
And they reported some really important news to the President that, yesterday, the Food and Drug Administration authorized the entry of that vaccine into phase one safety clinical trials.
Dr. Fauci?
THE PRESIDENT: Which is a record. Yeah, please.
DR. FAUCI: So, what we did is we just had the opportunity to take the President and show him the actual individual researchers who are doing the things that we’ve been talking about. And what they were referring to is that the actual scientists — middle level, senior, junior — were there and explained to the President what I have actually been explaining to the press, but showed it on graphics: how after the virus was identified, the sequence was taken and put into this platform called messenger RNA. And what happened is that, literally, within a period of a couple of days, we were able to stick it in.
And now, as I said, we’re going to go into a phase one trial in about three months from that day — well, we’re probably, you know, a month or so — I mean, I don’t want to over promise. I said a month and a half the other day; it may be about a month or so. And then very soon, we’ll be sticking the first person with the vaccine.
But I want to caution everybody: That’s only the first stage of the development of the vaccine because we emphasized to the President that since we’ll be giving the vaccine to normal, healthy people, that safety is very important and you really need to know that it actually works.
That next phase is a phase two trial. We’re not going to be able to start that for at least another three or four months after we go in. So the whole process is going to take a year, a year and a half at least.
THE PRESIDENT: Do you want to talk about therapeutics?
DR. FAUCI: Yeah. The other thing that’s interesting that we explained to the President, and the Secretary already knew is that the difference between testing the vaccine and testing therapy are almost qualitatively different. Because with the therapy, you’re going to give it to someone who is already ill and you compare it to standard of care. So, within a reasonable period of time, you’re going to know if it works or not.
So, right now, as of like today, there are two large trials going on in China that are comparing one of the drugs — and there are several — one called remdesivir with the standard of care alone.
And when we get those results — which likely will be several months because you’re going to have to accumulate hundreds of patients to decide. We have our own trial right now in the United States with some people at the University of Nebraska who are infected and put there. So once you get the result with the therapy — unlike a vaccine, which takes quite a while — once you get a result, you can start distributing the medication.
Q So, Dr. Fauci, just to be clear: You’re saying three months away from treating people who already have coronavirus?
DR. FAUCI: No, I didn’t say that. I said, if the drug works and you prove it works, you will treat them. I am not saying that three months from now we’re going to have a drug to treat people. Okay?
THE PRESIDENT: If it works.
DR. FAUCI: Yeah.
Q So if it works, three months from now, it is possible —
DR. FAUCI: No, I — no. I didn’t say. I said you have to accumulate enough patients, when they get to 400 patients in each trial. That may take three months. That may take five months. I don’t know.
When the trial is over and they evaluate the data, if the drug works, then you’ll be able to apply it.
Q Mr. President, can you react to the market drop? Are you concerned about a recession?
THE PRESIDENT: I haven’t seen it. I’m focused on this. The country is in great shape. The market is in great shape. I’m focused on this. This is very important.
Q Do you want tax cuts, in addition to the Fed acting? The Fed acted and you’ve suggested that you also want tax cuts.
THE PRESIDENT: I like middle-income tax cuts. I think it would be a good time.
Q This year?
THE PRESIDENT: Middle-income tax cuts. If the Democrats would approve it, I’d go along with it.
Q And that’s a payroll tax cut, or did you —
THE PRESIDENT: It’s a payroll tax, yeah. Payroll tax cut.
Q And you want that to happen this year?
THE PRESIDENT: I would do it if they can approve it. I would do it.
Q And then, in terms of travel, obviously spring break is coming around the corner. Should Americans be concerned — are you concerned? For example, would you let your son go to Disney?
THE PRESIDENT: Yeah, I think there’s — I think we have a lot of great places we could travel to, right in the United States. We have a lot of great places we can travel to. Okay?
Q Mr. President, we’ve heard about confirmed cases, but what are the estimates for how many people and how many cases we actually have? What are the estimates?
THE PRESIDENT: Go ahead.
SECRETARY AZAR: You said how many cases we actually have right now?
Q We have confirmed cases, but what are the estimates that you guys have?
SECRETARY AZAR: Oh, estimates. Estimates. Well, we can only have confirmed cases. So we don’t estimate other than the 60 cases we have from here in the United States that are confirmed, as well as the 48 cases that we have that came from our repatriation activities.
We’re very careful to not try to extrapolate or predict with an unknown virus here in the United States.
THE PRESIDENT: Go ahead.
Q Mr. President, Google just — Google just canceled its big annual conference, sir. Are companies that are canceling conferences and travel doing the right thing or is that an overreaction, do you think?
THE PRESIDENT: That’s up to them. Hey, let them stay in the United States. If they don’t travel, if they stay here, that’s not a bad thing for us. I — I’ve been saying for a long time people should do that.
Q Do you think the Fed wasted its ammunition today? They cut rates and the Dow went down.
THE PRESIDENT: No, I think they could have done — I think they should do more. I think they hinted that they’re not going to do much more and that’s unfortunate.
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 