Armstrong Economics Blog/Politics Re-Posted Mar 15, 2021 by Martin Armstrong
Trump’s former lawyer Michael Cohen is a classic example of why someone like him will do anything to save his skin. The indictment process is a joke. The prosecutor can indict a ham sandwich. There is no defense allowed and whatever he tells the grand jury is secret. Indictments really do not mean a lot. They will typically be vague enough to ensure the defendant does not really know what the issue is. Cohen has met with the prosecutors 7 times. That is an indication that they are moving to try to indict Trump for a political agenda.
In one of the Mafia cases in New York, one of the defendants subpoenaed his own phone recordings and the prison produced the recordings of the guy who was going to testify against him. There was the same prosecutor telling the witness he needed him to testify in another case against someone else. He told the prosecutor he did not know that person. On the tape, the prosecutor told him “Don’t worry. By the time I am finished, you will know him as your brother.”
The defendant took it to I believe it was Judge Kaplan who refused to consider it and said that was in another case. This is how corrupt the legal system is. There is no justice. New York State Chief Judge Sol Wachtler was famously quoted by Tom Wolfe in The Bonfire of the Vanities that “a grand jury would ‘indict a ham sandwich,’ if that’s what you wanted.”
The bottom line is that the Democrats are working overtime to indict Trump. This is all about trying to stop him in 2024. Manhattan District Attorney Cy Vance Jr. (D) is pursuing a wide-ranging investigation into Trump’s family business and finances to desperately bring him down for political purposes. His probe is looking into several aspects of Trump’s finances and businesses focusing in particular on his Seven Springs estate in New York. Previous reports have indicated that Vance is looking to find out if the value of the property was inflated in order to reap greater benefits from financial institutions.
Vance is looking to make a big show out of Trump and can’t wait to have him arrested. That would then involve even an extradition charge with Florida who would then review his indictment to see if there is any real validity to it. So this could turn into a real shit-show and Trump better never travel to New York City.
Interestingly, Governor Cuomo was looking to divert money Vance has been pouring out of every crack to indict Trump. There are new discovery requirements in New York that will need $2 million to be provided to prosecutors statewide. Criminal discovery law reforms, which took effect on Jan. 1, require prosecutors to turn over evidence to defendants within 15 days after arraignment and limit cash bail for most non-violent offenses. This was all in response to criticisms that the state has not provided enough money to help district attorneys comply with the new requirements and they have been denying defendants the right to defend.