Big Foot Hedge Funds Get Caught

Re-Posted from JAN 30, 2021 AT 8:48 AM

The big-footed hedge funds thought it would be easy as usual. They planned to stomp GameStop into the ground. They were so arrogant that they decided to sell short more shares than what existed in the stock’s float. This is known as ‘naked short selling’ and it’s illegal, but the law isn’t enforced. The SEC looks the other way. Wall Street is a big club run by mega-billionaires and they always win.

Not this time. The billionaire shorts stuck their collective foot in a bear trap. It was set for them by an unlikely adversary: The younger generation. It’s a wondrous sight to behold.

The millennials did nothing wrong. They broke no law. They followed the rules. On Reddit they encouraged each other to buy stocks that were getting stepped on by the billionaire hedge funds. They knew if enough people bought a stock such as GameStop, then the hedge funds would get trapped. That’s what has happened and now the billionaires are shrieking in pain. Their media is condemning what they call the ‘unethical’ behavior of the buyers. That’s a howler considering how the billionaire traders routinely conspire to manipulate stocks. Silver was driven down from nearly $50 in 2011 to $13 a couple of years later by JP Morgan traders who colluded and spoofed the futures trading on the COMEX. Silver could have had a run similar to BitCoin but instead the billionaires decided they didn’t want something to compete with their debt dollar. Big banks and hedge funds only suffer a slap on the wrist at best when they break the law. 

Now they’re blatantly breaking the law. Robinhood rewrote rules in midstream and actually halted all buying for GameStop to benefit the trapped hedge funds. Then Robinhood felt generous. The next day they allowed buying, but only 1 share per customer per day. Robinhood’s customers could, of course, sell as many shares as they liked. Some traders complained their long positions were liquidated without their consent. Robinhood was revealed to be in the back pocket of the billionaire hedge funds. Everyone should cancel their accounts with Robinhood. They do not promote a free market. Someone at Robinhood needs to go to prison.

The fireworks should continue next week. I expect the corporate media to get even more shrill if the prices continue to rise on those companies targeted by the hedge funds. They’ll probably say the longs are engaging in destructive behavior, while the exact opposite is true. It’s difficult for CNBC to defend shorting because the purpose of the trade is to hurt companies for private gain. The mega rich get mega richer by shorting, which is not defensible. Naked shorting is criminal. 

Gordon Gekko was once asked, “Why did he need to wreck a company,” and he replied, “Because it’s WRECKABLE, all right?!” 

It’s easier to quickly destroy for profit than build something over time for that same profit. The hedge funds profit from misery. Now it’s their turn to be miserable. If they are forced to pay up, look for the stock market to crash. Wall Street will have to pop the bubble to cover their shorts. This is what should happen in a free market. It’s a lesson that went unlearned in 2008 when the taxpayers bailed out corrupt Wall Street bankers instead of letting them fail.

Let them all fail now. They’ve put their big foot in it and they should get what they deserve.

—Ben Garrison

The secession of 1860 will not happen again, but a different kind is already taking place


Re-Posted from the Canada Free Press By Jeff Crouere —— Bio and ArchivesJanuary 30, 2021

Lately there has been so much frustration with the last election and the direction of our country that some Trump supporters have been talking about “secession.”  Many conservatives and libertarians are asking if it makes sense for certain states to leave the union the way South Carolina left in 1860, after the election of Abraham Lincoln as President of the United States.

Whether it makes “sense” or not, we can be assured that it will not happen. Although the South Carolina state legislature voted in November of 1860 to initiate the process of secession, no state legislature would do that today. This is because most modern state legislatures, even conservative ones, do not have many members who are angry enough at the federal government to support seceding from it.

Whether it makes “sense” or not, we can be assured that it will not happen. Although the South Carolina state legislature voted in November of 1860 to initiate the process of secession, no state legislature would do that today. This is because most modern state legislatures, even conservative ones, do not have many members who are angry enough at the federal government to support seceding from it.

Americans who live in rural and some suburban areas are executing a secession of their own

Never forget that many individual state legislators are professional politicians.  They may disagree with some of the policies that flow from Washington D.C., but they are not angry enough to vote for secession, and that is what is required to secede, anger. While an official secession will not happen, there will be a different type. In fact, it has already started in our country.

Instead of state legislatures, dominated by urban dwellers, voting for secession, Americans who live in rural and some suburban areas are executing a secession of their own.  They are disassociating themselves from the lifestyles, cultural mores, laws, and self-inflicted wounds exhibited in our large cities.

Of course, rural Americans are already living in areas removed from large cities, but geography is only one of the many differences. An even more striking distinction involves political ideology and attitudes on an array of issues like criminal justice.

Citizens living outside of ultra-progressive urban areas do not accept what is going on in large cities. Surely, the thinking is “I am not one of them.  They are different from me.  We do not agree on basic things, like what laws should govern human conduct.”

This mental disassociation did not exist in previous times of crisis in our country. There was much more national unity in December of 1941 or even September of 2001.  At that time rural Americans and city dwellers still had many shared values and followed the same laws.  Clearly, the similarity in culture and politics between rural and urban Americans is dying, and the pace of its death march is quickening.

Who can forget what happened to Mark and Patricia McCloskey in St. Louis?

This same type of disassociation is also felt by many Americans living in suburban areas. They recognize their way of life is incompatible with that exhibited in large cities. This results in suburban dwellers venturing into cities less often. Once there, they feel unsafe and unwelcome. According to the FBI, crime rates in our urban areas are significantly higher than suburban and rural areas.

More crime is not the only difference Americans notice in large cities. There are also different laws regarding decency, civility, and cleanliness. Unfortunately, manners and traditional customs are rarely, if ever, practiced.

Many horrific things can happen to you in a large city, without warning.  You can be struck from behind in a “Knockout Attack,” or wounded by a stray bullet. You can be surrounded by violent demonstrators who scream at you and tell you are evil because of your wealth, race, religious views, or political beliefs. This is not a place that feels comfortable or feels like home. 

Over the past few decades, millions of Americans who support traditional American values, and even some who value safety, have already left our large cities. They are disgusted with the political corruption, high taxes, racial politics, homelessness and, over the past year, the excessive Covid-19 lockdown orders.

People leaving are also those who value their second amendment rights. They do not want to be charged with a crime if they have to defend their home. Who can forget what happened to Mark and Patricia McCloskey in St. Louis?

On June 28, 2020, their neighborhood was overrun by protesters and a mob was descending on the McCloskey’s home. The couple waved firearms in front of their home to encourage the protesters to leave. No gun was ever fired at any of the trespassers. Incredibly, Mr. and Mrs. McCloskey were charged with the unlawful use of a weapon even though they feared for their lives. If convicted, they could face up to four years in prison and a fine of $10,000.

Urban areas have been failing financially for many years

As this trend continues and cities like St. Louis, Detroit, San Francisco, Seattle, Portland, Washington D.C., and New York City decline even more, these areas will simultaneously become more similar.  They already have much in common politically. Future cooperation will likely continue on issues such as drug legalization, the treatment of homelessness, gun control, permissive law enforcement, and providing a sanctuary and support for illegal aliens. With so much commonality, these cities will forge even closer bonds in the days ahead. 

With unworkable policies and massive bureaucracies, these cities will need greater and greater subsidies from productive, tax-paying citizens living in rural and suburban America. Urban areas have been failing financially for many years, but as the policies become more progressive, the costs are escalating even higher.

In large cities, politicians spend vast sums of money on enormous municipal government systems which include inefficient departments featuring payrolls that are too large and are too expensive. Other characteristics include broken infrastructure, rampant homelessness, and an overly generous municipal pension system. 

How much longer will productive taxpayers living in rural and suburban communities agree to subsidize large cities?  Sooner or later, these citizens will say “Enough is enough, we want out!” They will want the urban centers to form their own “United Cities of America,” with their own laws and lifestyles. Simultaneously, Americans living in non-urban areas will want to forge closer bonds of their own as similarities are recognized even more.

The secession of 1860 will not happen again, but a different kind is already taking place.

Speaking Fees to Buy Influence

Armstrong Economics Blog/Corruption Re-Posted Jan 31, 2021 by Martin Armstrong

I would like to point out that there is a huge difference between paying speaking fees in the hundreds of thousands of dollars which is simply just to buy political influence and genuine speakers. Nigel Farage spoke at our 2019 Rome WEC and we did NOT pay him a fee and he flew in at his own expense because he wanted to attend our WEC. We do not pay hundreds of thousands in speaker fees to buy influence. That is the biggest scam you will ever see and it is political corruption plain and simple.

Hope for the Future

Armstrong Economics Blog/Products and Services Re-Posted Jan 31, 2021 by Martin Armstrong

After serious discussions, there is great concern that those behind Biden and drafting these executive orders having him sign them is off the charts wiping out We The People. Trump’s orders to bring down drug prices for diabetics were just reversed to help big pharma. It appears that the corruption is running very deep, but the job losses and destruction of businesses are going too far. There is blow-back in the Democratic states like New York and California showing stiff resistance toward lockdowns. There are Democrats on the Hill who are getting very upset at all of these dictatorial executive orders which circumvent the very purpose of Congress. Even the New York Times has come out and criticized Biden for this approach.

The word I am hearing is there will be a revolt if Biden tries to impose a lockdown nationally. New York City is an example. There is no way that is coming back. What they have done to the theatre district drove a stake into the heart of the tourist business. As I have said, every time I went to a Broadway play about half the audience were foreign tourists. That is dead and then we have the collapse of landmark restaurants that thrived on the theatre trade.

Then we have Congress putting Trump on trial a second time just to divide the country in hopes that they will slander him and thereby destroy the Republican Party going forward. History will not look kindly on what the Democrats have done for now under this precedent which is not supported by the Constitution since private citizens cannot be put on trial in Congress – that is Judicial – then they can impeach Bill Clinton for his sex scandals and new evidence that surfaced or Hillary for destroying her emails.

Unfortunately, welcome to the conclusion of this Private Wave. What we all need to do is work hard so what comes after 2032 is a new way of doing business altogether. It is time we try Direct Democracy whereby every measure must be submitted to the people to vote on – not only politicians. There must be term limits – one time and gone. There should be a minimum age limit such as 40 to 50. The is the end of the Sixth Wave. This is the time for a complete change.

The Sixth Wave before this marked the peak in the Roman Empire. There too, the wave concluded with the flight from the cities to the suburbs as we are witnessing today. What followed was the fragmentation of society and every split into merely local city-states. It took nearly 600 years thereafter before we begin to see the rise of national states once again.

We can do this. The Tree of Life is being cut down as it always falls from authoritarian corruption. It is up to us now to decide where direction the tree falls. The next two books I will be releasing this year are (1) the Economic Confidence Model and a review of how it has worked and why over the centuries, and (2) a revised and expanded version of the Greatest Bull Market in History renamed:

It is my hope that these books will help to guide us in the future as to a new way of managing society that is in harmony with nature and human kind.

Are We Heading into an Ice Age?

Armstrong Economics Blog/Climate Re-Posted Jan 31, 2021 by Martin Armstrong

Here it is – The Bill to Destroy Gun Ownership

Armstrong Economics Blog/Regulation Re-Posted Jan 30, 2021 by Martin Armstrong

Firearms BILLS-117hr127ih

Here we have it. They are going after EVERYONE who has a gun or ammunition. They are deeply concerned about a revolution and they want to know every person who has a gun or ammunition. The object of this bill will be to identify every person who has a gun. They will be able to revoke a license and confiscate the gun under rules to be created by the Attorney General. Biden swore he would end the NRA. He was not joking. Like a diverse license, once they create this federal license, they effectively limit the Second Amendment claiming if you obey all their regulations which they can change at any time, then you have that right. But all such rights are eliminated whenever they say so.

922(dd)(1) It shall be unlawful for any person to possess ammunition that is 0.50 caliber or greater.

Whoever knowingly violates section
922(dd)(1) shall be fined not less than $50,000 and not
more than $100,000, imprisoned not less than 10 years
and not more than 20 years, or both

‘‘(B) Whoever knowingly violates section 922(dd)(2)
shall be fined not less than $10,000 and not more than
$25,000, imprisoned not less than 1 year and not more
than 5 years, or both.’’

Systemic Contingencies – They All Knew – Lessons From Spygate About Severity of DC Corruption

Posted originally on the conservative tree house on January 30, 2021 by Sundance

To expand on the awakening…. and based on a recent call for clarity… here is some brutally obvious points about DC that connect through the stop-Trump operation commonly known as “spygate”.

Robert Mueller had two goals as special counsel.  Goal #1 was to continue the fraudulent DOJ/FBI “Stop Trump” operation initiated by James Comey, Andrew McCabe and their crew technically named Crossfire Hurricane.  Goal #2 was to bury the illegal action; to create the cover-up needed for everything that took place in the “Stop Trump” operation.

It is the second goal that most people never reconciled; however, it is also that second goal that’s the most important.  Everyone in DC knew Mueller’s objective.  Every person in every branch of government and every federal agency knew Mueller’s real purpose.

When you accept what Mueller’s objective was, I mean really accept it, then and only then can you move to the second part of that awakening.  Everyone else knew exactly what that purpose was, including AG Bill Barr and OIG Michael Horowitz. They all knew.

Everything was essentially a process of systemic contingencies; ‘if this, then that’.  If this happens then we react with that.  If this is likely to come out, then we proactively respond with this – that allows control. That is the nature of a cover-up operation.

From that baseline it becomes an exercise in intellectual honesty to see the bigger picture.

The entire system was united against the ‘outsider’ that Trump represented.  Every action taken by Rosenstein, Barr, Wray, Bowditch, Boente, Horowitz and the special counsel team itself was done purposefully, because they knew the Mueller/Weissmann objective was to cover-up all of the unlawful schemes previously used against Trump.

Generally people accept that Mueller Inc was in place to target Trump.  However, the lesser admitted reality is that Mueller was in place to cover for the branches, agencies and institutions that were part of the originating targeting.

All leaks to the media, by any entity – including the special counsel, were purposeful with this goal in mind.  All information released was done purposefully with this goal in mind.  All action taken by those in support of the Mueller unit were taken with full knowledge of what that second goal and intent was.

No-one was ever unaware of the purpose of Robert Mueller.

Everyone knew.

That list of everyone includes: Bill Barr, Rod Rosenstein, James Comey, Andrew McCabe, Lindsey Graham, Ron Johnson, Chuck Grassley, Peter Strzok, Lisa Page, Susan Rice, Sally Yates, Loretta Lynch, Mitch McConnell, every member of the Senate intel committee; every member of the House intel committee… and yes, including John Durham and every member of every DOJ office everywhere.

The legislative branch knew. The judicial branch knew.  The executive branch knew. The FISA court knew… All of the insiders knew the Mueller probe was one big vacuum to suck up all of the evidence that would have exposed a corrupt system to We The People.

They did all of this because the scale of the originating scandal was so severe it would be almost impossible for our nation to cope with the consequences.  That fearful knowledge is also what’s behind the reality we are currently seeing with thousands of National Guard troops guarding Washington DC…. just in case.  Another systemic contingency.

On TV some voices railed against goal #1, the investigation itself; however, no-one every publicly talked about goal #2, the cover-up.  Yet they all knew it.

Bill Barr knew the cover-up operation when he repeatedly praised Robert Mueller.  So too did Lindsey Graham and all of the other voices in/around the DC system.

This is why all of those characters acted with disregard for any information that surfaced. They were all participants; and they knew the system would protect itself from sunlight.

Once you begin to accept this uncomfortable truth, then you start to realize just how far some voices went to keep the pantomime going.  Everything was orchestrated to keep everyone focused on the “injustice” within the details.

Think about the last four years, systemic contingencies everywhere. No-one ever publicly talked about what Mueller was really in charge of doing in the goal of protecting the institutions and systems within them.  The people inside that system all knew that Mueller was their protector.  Mueller was protecting very corrupt people.

Everything now visible, the blatant disregard and the ‘in-your-face’ approach with the JoeBama administration, is downstream from that origination point.  That’s why they all walk around as if they do not care…. because they have nothing to worry about.

Start from the position that everyone knew the purpose and intents of Robert Mueller, including people very close to President Trump, and then you start to realize just how brutally corrupt this DC system is.   President Trump was satiated by people who knew Robert Mueller was protecting all of those who tried, and failed, to keep him out of office and then hamstring him once he entered the system.

Everyone knew.

No-one did not know.

The only difference is… some were active participants, and some -out of fear- just sat silent to the cover-up operation.  That reality is why the FISA court did not react to Kevin Clinesmith aggressively.   Everyone knew…

Justice Department Charges Proud Boys With Conspiracy To Obstruct Law Enforcement

Posted originally on the conservative tree house on January 30, 2021 by Sundance

The U.S. Attorney in Washington DC has filed conspiracy charges against two members of the Proud Boys for conspiring to obstruct law enforcement related to the January 6th events on Capitol Hill.  [DOJ Press Release Here]

WASHINGTON— Two members of the Proud Boys, a nationalist organization, were indicted today in federal court in the District of Columbia for conspiring to obstruct law enforcement, among other charges.

Dominic Pezzola, 43, of Rochester, New York, and William Pepe, 31, of Beacon, New York, were indicted today in federal court in the District of Columbia on charges of conspiracy; civil disorder; unlawfully entering restricted buildings or grounds; and disorderly and disruptive conduct in restricted buildings or grounds. Pezzola was also charged with obstruction of an official proceeding; additional counts of civil disorder and aiding and abetting civil disorder; robbery of personal property of the United States; assaulting, resisting, or impeding certain officers; destruction of government property; and engaging in physical violence in a restricted buildings or grounds.

Pepe and Pezzola were originally charged by criminal complaint and arrested on Jan. 12 and 15, respectively.

According to the charging documents, Pezzola and Pepe are members of the Proud Boys, a group self-described as a “pro-Western fraternal organization for men who refuse to apologize for creating the modern world; aka Western Chauvinists.” Proud Boys members often wear the colors yellow and black, as well as other apparel adorned with Proud Boys-related logos and emblems. It is alleged that both Pepe and Pezzola possess tactical vests branded with the Proud Boys logo, and have attended various Proud Boys gatherings and protests.

According to the indictment, Pezzola and Pepe engaged in a conspiracy to obstruct, influence, impede, and interfere with law enforcement officers engaged in their official duties in protecting the U.S. Capitol and its grounds on Jan. 6, 2021. It is alleged that Pezzola and Pepe took actions to evade and render ineffective the protective equipment deployed by Capitol Police in active riot control measures, including actions to remove temporary metal barricades erected by the Capitol Police for the purpose of controlling access to the Capitol Grounds, and the stealing and purloining of property belonging to Capitol Police.

[…] The case is being prosecuted by the U.S. Attorney’s Office for the District of Columbia and the Department of Justice National Security Division’s Counterterrorism Section. Valuable assistance was provided by the U.S. Attorneys’ Offices for the Western and Southern Districts of New York. The case is being investigated by the FBI’s Washington Field Office, with assistance by the FBI’s Buffalo Field Office and the FBI’s New York Field Office.  (read more)

When the DOJ and FBI want to find a conspiracy they can.  When they do not want to find a conspiracy, they don’t…  That reality is just part of accepting the two-tiered system of justice that is now in place all across America.

Norwegian Lawmaker Nominates Black Lives Matter for Nobel Peace Prize

Posted originally on the conservative tree house on January 30, 2021 by Sundance

War is peace, love is violence and water is dry… thus the upside down world of 2021 continues.  A Norwegian lawmaker has nominated the ultra-extremist group Black Lives Matter (BLM) for the Nobel peace prize.  Apparently we are expected to ignore the calls for dead cops, riots, extremism, division, hatred and racially inspired violence.

FOX5 DC – A Norwegian lawmaker has nominated the Black Lives Matter movement for the 2021 Nobel Peace Prize for bringing attention to racial inequities around the world, while dismissing the riots and violence done in the name of the movement.

In his nomination papers, Norwegian MP Petter Eide said the movement forced nations to reckon with racism and other injustices, The Guardian reported. (read more)