Posted originally on the conservative tree house on September 9, 2022 | Sundance
During a podcast interview between Charlie Kirk (Turning Point USA / Club4Growth) and Warroom host Steve Bannon, Mr. Bannon stated the FBI raided 35 homes, offices and residences yesterday in seemingly coordinated activity timed with his arrest in Manhattan. {Direct Rumble Link}
Bannon was arrested under dubious fraud charges in Manhattan Thursday, connected to claims he duped donors who gave money to a We Build The Wall nonprofit organization established by Bannon and his partners. The case seems to hinge on statements made by the founders of the organization that “every penny” of the $15 to $25 million raised would be spent on the wall. However, according to New York prosecutors, several hundred thousand was used by Bannon and team to pay their own salaries and expenses.
Manhattan District Attorney Alvin Bragg gave Steve Bannon the handcuffed perp walk treatment, parading him through the courthouse like a captured political trophy. Mr. Bannon pled not guilty and was released after his arraignment for money laundering, conspiracy, fraud and other charges related to the “We Build the Wall” campaign.
The statement of 35 simultaneous FBI raids is the first mention of something coordinated like this. Perhaps further details will soon surface.
QUESTION: Marty, is Steve Bannon another pre-election ploy to put a spike in the heart of Republicans for the elections?
ZB
ANSWER: Of course. Claiming that you raised money and then did not disclose you were paying salaries is really stretching it. You can put every charity in prison for the very same thing. How much really goes to the administration and not the people they claim?
The fraud claim is very ambiguous. I advised on so many takeovers and major corps they were sure they could have gotten me on insider trading. HSBC even came to me to ask me about buying Republic National Bank in April 1999. I told them to count their fingers and make sure they still had their arm.
Advising around the world meant I had to comply with everyone’s laws. My lawyers on every continent concluded I just could not have any personal accounts for trading. I had to give that up and that is why I was the highest paid in the world and could walk into all the central banks and government wealth funds BECAUSE they all knew there were no conflicts of interest.
It was so bad that if I had owned one share of Republic Bank and I advised HSBC on the takeover, I would have to disclose my entire portfolio, not just the one share of Republic, and then disclose by my advice to buy meant I could profit $10 or whatever the bid would be. It was totally insane. Our politicians should have to comply with the same laws they imposed on me.
It became a choice between being an investor and an advisor. I could not be both.
After my case began, the lead prosecutor Richard Owens just said, you are one smart SOB. They could not find anything. Instead of running a clean shop, I was just so smart they could not prove anything yet surely I had to have something hidden. For the bank, suddenly he told the truth that the notes were in yen. For me, he kept claiming they were in dollars to impose a higher penalty. He would use different theories all the time it would change and it got to the point I didn’t even know what the case was about.
That is the thinking process of any prosecutor. NEVER let your child ever marry one. They are trained to lie, deceive, and are genuinely dishonest in order to do the job.
I submitted a motion to compel him to explain even what my case was about it had become so confusing. They tried to claim I was pro see and I did not know the law to defend myself. I moved for dismissal because if I did not know the law to defend myself, then I could not knowingly violate any law. Judge McKenna smiled and ordered them to respond. He then went to the Chief Judge, had my case taken away from that Judge, and reassigned to Judge Kennan who immediately denied that motion. They sealed the docket so I cannot see how they did that, which violated my Due Process Rights. In his mind, the Constitution seemed to become just a “guideline” – not binding to these people.
He even had to admit to my face, well we know you didn’t take any money but still refused to drop the charges. I looked at them as idiots. How could you get $1 billion out of a bank and nobody knew where it was? There had to be a wire, a check some evidence of a withdrawal. They finally figured out that the bank lied. How idiotic to even start a case on such an absurd theory of the bank claiming they had no idea where the money was when they stole it, to begin with. The only reason the bank had to plead guilty, and not one banker went to jail, was because my clients listened to me and filed suits against the bank which they could not cover up.
That is the real world of law – it is as corrupt as you expect in China, Nicaragua, or Venezuela. As Thrasymachus warned Socrates even in a Democracy, justice will be only what the government says it is. This is what we are seeing with Trump and Bannon right now. They are desperate to criminally indict Trump BEFORE the midterms and they will then plaster all the headlines that these people Trump has endorsed are all criminals like him. He will be tried and convicted in the mainstream press all without any trial before the midterms. That is their goal and they will destroy the country in the process. Instead of He’s Not My President, we will see This is Not My Country.
Once the Rule of Law collapses, the end is not too far down the road. They are destroying our country right before our eyes. As I have said, the computer warns that we may not even see a presidential election in 2024. Next year will be the year from Political Hell. This quest to win at all costs here in 2022 will divide the country deeply and this WOKE agenda is destructive dividing everyone so there is no more We the People.
Our computer has NEVER been wrong. This was the computer forecast from 2018. It has been showing 2023 as the start and 2026 would be the Panic Cycle. I am not looking forward to 2023 in the least. The Democrats are desperate and they will NOT tolerate a Republican victory that might overturn their agenda that has been choreographed by the World Economic Forum.
This is the Array you can find on our old site with the Wayback Machine. In 1998 it projected a Panic Cycle in 2008, which was right on target. There are plenty of people who hate my guts. I really do not give a shit. This is NOT my personal opinion. They hate me because it projects something they usually want the opposite to happen like in gold. The markets are here to TEACH us how to read them and see what lies ahead. The past whispers to us quietly. We have to pay attention if you want to hear the message.
Scream all you want. Hate me all you want. What will be will be. I cannot stop that and silencing me will not change the future. I was in prison when the model peaked in 2007.15, which was the precise day of the peak in the Schiller Real Estate Index and then the Panic of 2008. That proved it was not me and personal influence.
Julius Caesar said long ago, that men are willing to believe what they wish. I know it is IMPOSSIBLE to argue with a fool or someone indoctrinated into whatever the belief. You can only help those with an open mind and willingness to look at the facts from an UNBIASED perspective.
Obama won the general election with 52.9% of the popular vote. I have said many times, that the only presidents ever elected with more than 60% were FDR, Johnson after the Kennedy Assassination, and Richard Nixon. Everyone else wins with typically less than 55%. This is NOT a Democracy. We live in a Republic. ALL republics collapse from within. There will be no enemy that defeats America, we are doing that quite well without the help of Putin or Xi. You cannot do what Biden is doing using a couple of percents to impose a dictatorship.
We are approaching that fateful day when it will be time to just turn out the lights on the American Dream than has turned into an American Nightmare. The attitudes in California, Oregon, and Washington State, are so foreign to those in the South, that they might as well be their own separate country. The time of separation is approaching, for that is the only way freedom to pursue your own happiness and live your life the way you want to instead of how someone else tells you you must comply with their ideas. Freedom will never be possible again. It pains me to be around on this planet when it is time to write the eulogy on the American Dream.
Yet another head of the financial system is coming out and warning that a recession is inevitable. Deutsche Bank CEO Christian Sewing echoed the words of BoE’s Governor Andrew Bailey and blamed the coming recession on the war in Ukraine. “We will no longer be able to avert a recession in Germany. Yet we believe that our economy is resilient enough to cope well with this recession — provided the central banks act quickly and decisively now,” Sewing said.
Going a step further, Sewing blamed China along with Russia. “When it comes to dependencies, we also have to face the awkward question of how to deal with China. Its increasing isolation and growing tensions, especially between China and the United States, pose a considerable risk for Germany,” he warned. Around 12% of German imports and 8% of exports come and go from China. Sewing would like to see a declining dependency on China rather than strengthening their relationship.
Neither China nor Russia are to blame for Germany’s situation. Russia was simply a diversion to draw attention away from the collapse of the European economy. Negative interest rates beginning in 2014 wiped out pension funds and proved that the central bank was not thinking long-term. COVID restrictions killed the supply chain, and Germany’s insistance in backing Ukraine eliminated what could have been a lucrative pipeline. Had the pipeline gone through, Europe would not have an energy crisis! Ever since COVID, we have witnessed a rising trend of civil unrest. Politicians have been working hard to create war with Russia deliberately, all cloaked in their real objective of controlling the planet.
When the energy crisis is unavoidable for the average person and the standard of living declines, the politicians will point to Russia and China. The decline began long before Russia lined the border of Ukraine, and China is demonized for simply existing. They would never blame their fiscal mismanagement or detrimental policies for the undoable damage they have created. If Germany falls, all of Europe will follow.
Posted originally on the conservative tree house on September 9, 2022 | Sundance
Every institution of the JoeBama administration is filled with climate change ideologues. Never is that more abundantly clear than a U.S. Treasury Secretary who celebrates the future of the U.S. economy becoming “dependent on the wind and the Sun“. {Direct Rumble Link}
[Transcript] – “Our plan – powered by the Inflation Reduction Act – represents the largest investment in fighting climate change in our country’s history. It will put us well on our way toward a future where we depend on the wind, sun, and other clean sources for our energy. We will rid ourselves from our current dependence on fossil fuels.” (link)
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To understand the scale of the ideological effort, review this earlier statement in her prepared remarks, “In markets where we could not help lower prices by expanding supply, we have aimed to mitigate the pain directly, through cost relief.” The admission here is that ideologically the Biden administration cannot expand energy supplies to lower energy prices without compromising their climate change mission.
Posted originally on the conservative tree house on September 8, 2022 | Sundance
Energy inflation continues to pummel all western nations as they chase the climate change agenda. Today, the European Central Bank has raised interest rates to support the goal of lowered economic activity. Lowering economic activity lowers energy use.
Absent of any desire to raise energy supply and/or energy production, monetary policy can support the goal of lowering energy use by driving down all economic activity.
In the big transition picture, the economies within the western alliance must be reduced until they match the energy output of windmills and solar farms.
FRANKFURT—The European Central Bank raised interest rates by the largest amount since the early days of Europe’s currency union, moving aggressively to combat record inflation even as an energy crisis puts Europe on the brink of recession.
The bank said in a statement that it would increase its key rate to 0.75% from zero—its second hike this year following a 50-basis-point rise in July—and signaled that further rises were likely over the coming months.
At a news conference, ECB President Christine Lagarde warned that inflation was spreading beyond energy to a range of products. She said the ECB was ready to increase rates aggressively over the next several meetings.
“We want all economic actors to understand that the ECB is serious” about combating high inflation, Ms. Lagarde said. (read more)
A few months ago, amid all of the headline warnings about inflation and prices of essential products, CTH noted that if we were to continue waiting about six months, we would see a massive backlog of unsold goods and as a consequence the prices of non-essential durable goods would begin a rapid decline. That exact scenario is unfolding. Keep watching.
Keep in mind, this is not necessarily a collapse of total global economic activity; what we are seeing is a collapse of western nation economic activity that is impacting the rest of the world. A great economic fracturing is taking place as the western nations intentionally shrink their economy. The supplier nations are feeling the consequences.
All of this economic turmoil is running on an identical track -on a global basis- because the entire western plan was coordinated and followed. What we are seeing right now is the outcome of the “Build Back Better” roadmap. The “global inflation” is the outcome.
Joe Biden is blocking domestic energy production as he follows through with the agenda of the Green New Deal. In Europe, not coincidentally demanded by Biden, a similar outcome comes from the sanctions and blocking of Russian energy resources.
One could make a reasonable argument that the team behind Joe Biden specifically wanted the EU sanctions against Russia, because the U.S. crew wanted to keep both industrial economies mirroring each other as the U.S. energy system was dismantled. It would make sense to avoid a spotlight on the U.S. economic collapse, by forcibly pushing the EU economy into the same situation.
Taking that line of geopolitical and economic consequence one step further, and that would be part of the strategy -albeit undiscussed- behind having a consistent global cap on the price that any nation could pay for Russian oil. That approach is not about punishing Russia, it is to make all of the economic pain and problems equal amid all western nations. Globalists, and the central bankers, are good at creating economic systems to deliver equitable misery.
Vladimir Putin believes that Washington is sacrificing Europe to maintain global dominance. The United States has always been the world police, and the top country that others turn to in times of crisis. America’s post-World War II status left it as the financial capital of the world, and the dollar has remained the world’s reserve currency. Nothing has topped the dollar.
Europe attempted to create the European Union in an effort to prevent European conflicts, but it also created the euro to compete against the dollar. I explained various times how their attempts have failed. However, the euro is now beneath the dollar and on the decline. Nations maintain diplomatic relations, but only Schwab wants a one-world government as everyone is competing for global dominance.
Putin claims that the West rushed to place sanctions on Russia. There was indeed a rush to place sanctions on Russia despite Joe Biden himself coming out and admitting sanctions never work. Peace talks were never an option. Returning land or promising to curtail NATO was never an option. Sanctions and threats were immediately imposed. Why?
“The pandemic has been replaced by new challenges of a global nature, carrying a threat to the whole world, I’m talking about the sanctions rush in the West and the West’s blatantly aggressive attempts to impose their modus vivendi on other countries, to take away their sovereignty, to submit them to their will,” Putin told delegates at Russia’s Eastern Economic Forum in the port city of Vladivostok on Russia’s Pacific coast, as reported by CNBC.
It is true that Europe is facing the brunt of these sanctions as they sacrificed their main supplier of energy to save a nation with a GDP of roughly only $200 billion. Europe did not want to allow Ukraine to join the euro, and they had no interest in the country prior to this conflict. The hatred for Russia runs deep in Europe, especially in Germany after Russia took hold of the east after the last World War. The politicians are certainly old enough to remember when Germany was split in two until 1989. There is a reason Russia’s integral support for the axis powers during World War II is diminished in Western history books.
Putin went on to say that the standard of living in Europe and overall social and economic stability was “being thrown onto the fire of sanctions.” The United States has been eager to sanction Russia since the war in Syria began. Obama tried but failed to kick Russia out of the SWIFT system in 2014, with Christine Lagarde offering her support. Zelensky, who rand the NYSE bell this week remotely, admitted that he needed America to place harsh sanctions on Russia to accelerate the war.
The dollar remains strong and is the last safe haven. The war in Ukraine has only promoted capital to rush into the dollar. So is Europe “being sacrificed in the name of preserving the US dictatorship in global affairs,” as Putin claims? Europe will suffer more than the United States due to these sanctions. In fact, had Biden not eliminated domestic oil production, the US would not be facing an energy crisis at all. One thing is clear – the support to Ukraine is not an act of kindness. The invisible hand is at play.
The Bank of England has admitted defeat, admitting they cannot prevent a recession. The pound fell to the lowest level against the USD on Wednesday afternoon after declining 0.64% to $1.145. When asked if the central bank could prevent the next recession, Governor Andrew Bailey was blunt in his answer. “Insofar as the war is having this huge effect, the answer to that would be no.”
I touched more on the decline and fall of Britain on the private blog last week. Socrates agrees with Bailey’s pessimistic stance. Inflation has surpassed 10% in the UK, and food and energy costs are expected to rise continually. The Bank of England now projects that the economy will shrink during Q4 2022, and the decline will continue until the end of 2023. Our models state that the decline will last longer than they expect.
If the new PM Truss is any indication of where policy is heading, Britain is in big trouble. Central banks do not like to admit defeat either. Look how Powell carefully changed his stance over the course of the year in terms of inflation. He did not want to create a panic by telling the public that they were screwed. The BoE has no other choice but to be brutally honest. The heads of central banks are now coming forward to offer their condolences for an issue they helped to create with artificially low rates. The BoE is still in better shape than the ECB, but that is not saying much.
Posted originally on the conservative tree house on September 7, 2022 | Sundance
German Minister of Economics Robert Habeck is under fire after his comments during an interview with an ARD broadcaster on Tuesday evening.
The conversation surrounded the astronomical rise in the price of energy taking all the income away from people who would purchase other goods and services. As Germans no longer can afford purchases, the stores and businesses can no longer operate. Minister Habeck was asked if that means a wave of bankruptcies and business closures are forecast.
Mr. Habeck responded that businesses can stop operating, but that doesn’t mean they will go insolvent. Just because the business loses most or all of their revenue, doesn’t mean they will go bankrupt. That doesn’t make sense, Minister Habeck was pressed to apply commonsense. If businesses close to save money, workers are not employed. If workers are not employed people do not earn income. If people do not earn income, the economy worsens.
Habeck had no response other than an economically detached “Green Party” perspective that businesses will not go bankrupt just because they are not operating. However, his facial expressions reflect that he knows what comes next, total economic collapse. WATCH:
(Reuters) – German Economy Minister Robert Habeck faced a backlash on Wednesday for saying he could imagine parts of the economy stopping production due to rising energy prices that German firms say are threatening their existence.
Asked whether he expected a wave of insolvencies at the end of this winter due to companies’ rising energy bills, Habeck said “No, I don’t. I can imagine that certain industries will simply stop producing for the time being.”
The answer, in an interview with ARD broadcaster on Tuesday evening, sparked criticism of the minister in charge of Europe’s biggest economy, with mass-selling Bild newspaper saying Habeck “has no idea about the economy.”
Friedrich Merz, the conservative opposition leader, also took the opportunity to criticize Habeck, Germany’s second most popular politician, saying he and his ruling coalition were not taking energy and economy questions seriously.
“One could see how helpless Mr. Habeck you are with these questions last night on German television,” Merz told the lower house of parliament.
Habeck’s comments come as economists and industry groups warn that rising energy prices are a growing risk for Germany’s medium and small-sized businesses, which form the backbone of the economy. (read more)
Things are about to get very spicy in Germany as the reality of the unsustainable Build Back Better agenda starts to sink in. The intellectual disconnect from an economic minister to the consequences of an energy policy removing trillions of dollars from the economy is stunning.
The pro-war People’s Deputies of Ukraine Party are using Western funding to line their pockets. It has been reported that the average paycheck went from 28,800 to 49,600 hryvnia, and taxpayers in other countries will pay for their raises.
This news came out shortly after CBS attempted to release a documentary that claimed weapon shipments from the US were frequently missing. CBS was forced to redact parts of the documentary, “Arming Ukraine,” after Ukraine’s government threatened them. The first report stated that 70% of the weapon purchases had gone missing, while another piece said only 30% of aid had arrived. “Since that time, Ohman says delivery has improved,” CBS backtracked. “We are updating our documentary to reflect this new information and air at a later date.”
“The weapons are stolen, the humanitarian aid is stolen, and we have no idea where the billions sent to this country have gone,” an anonymous veteran originally told reporters. He went on to claim that soldiers are receiving less pay while those at the top are lining their pockets. Zelensky continually claims that his country needs endless funds for the endless war. Where is this money going? Since WE are paying for the war, we deserve to know the truth.
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