Armstrong Economics Blog/Opinion Re-Posted Jun 24, 2021 by Martin Armstrong
John David McAfee (1945 – June 23, 2021) is dead. He allegedly committed suicide in a Spanish jail cell where he was awaiting extradition to the United States. Tennesee charged him with 10 counts of tax evasion and in New York City, he was charged with securities fraud for advocating cryptocurrency in which he had a position and then sold into the rally. That they can call a pump and dump. I knew John. We both were speakers at the American Hackers Convention. Many called him eccentric. I always found him to be courteous and he had offered his support in my ordeal never having any fondness for the government.
John made this video in July 2020. I believe anyone involved in cryptocurrency who owned it and then touted it and sold it into a rally could be criminally charged under this theory. This is why to be an adviser at my level, I cannot have any conflict of interest. Those in the private sector are held to a different standard. What John is saying here is true, for which they most likely retaliated with criminal charges because anyone advocating cryptocurrency who then sold and made a profit could equally be charged. Regulations passed by agencies without Congressional power is the Deep State. They pass regulation and it becomes criminal law. This circumvents everything the constitution stood for. They are NOT created by the people.
In United States v. Shreveport Grain & Elevator Co., 287 U.S. 77, 85 (1932) the Supreme Court held that “the legislative power of Congress cannot be delegated,” (see also and Field v. Clark, 143 U.S. 649, 692 (1892)). However, on other occasions, the Supreme Court has recognized that, although Congress may not delegate powers that “are strictly and exclusively legislative,” it may delegate “powers which [it] may rightfully exercise itself.” Wayman v. Southard, 23 U.S. (10 Wheat.) 1, 41 (1825).
This is the problem and how the Deep State is created. Congress has delegated power. The Supreme Court has allowed agencies to fill in the details of statutes which has become standard practice. For example, the Supreme Court upheld a statute requiring the manufacturers of oleomargarine to have their packages “marked, stamped and branded as the Commissioner of Internal Revenue . . . shall prescribe,” rejecting the argument that the prosecution was NOT for violation of law but for violation of a regulation – In re Kollock, 165 U.S. 526 (1897)
It has been in this manner that the Deep State has emerged. They simply create regulation that has the same force of law and can then deep you are to be in prison for life or even impose a death penalty. I fear that this was a selective prosecution but that is no longer a defense since the Supreme Court ruling in 1996. As long as the government has prosecuted anyone else on this theory, you will NEVER prevail in court.
The Deep State won. If John committed suicide at nearly 76, I fully understand. They were seeking to imprison him until he died. Once the Feds charge you, there is less than a 1% chance of ever winning in court. It takes a lot to endure their never-ending tortures. Even the Declaration of Independence complained of “mock trials” and I hope the prosecutor remembers John’s face when he is about to die himself. Shakespeare’s famous line “the first thing we do, let’s kill all the lawyers” referred to prosecutors for the private individual were never allowed to have lawyers.
There is a special place in hell for prosecutors for they will be judged by the same standards they have judged others. They better pray there is no God. No doubt with John’s computer skills, they may have wanted something sinister behind the curtain as well. It is never what prosecutors claim it to be. Goodbye, my friend.