Posted originally on Feb 23, 2024 By Martin Armstrong
Once upon a time, in the United States, we, the people, began our classroom day with the Pledge of Allegiance:
“I pledge allegiance to the Flag of the United States of America, and to the Republic for which it stands, one Nation under God, indivisible,
with liberty and justice for all,”
Those days are gone, and we can no longer depend on the Courts and the legal systems for Truth, Fairness, and Justice for all, which we were told was the American Way! How many millions went off to war and died to defend that principle they have torn to shreds in New York City? The American Way of Life is dead. The Democrats have allowed our nation to be flooded with people who do not share our culture, our philosophies, or our history solely to ensure they win at all costs.
This is no longer any difference we have with Russia and China and how they treat the people. The United States now has more people in prison than China, which has 1.5 billion people compared to our 300 million. You have a 500% greater chance of going to prison because there is no more liberty and justice for all.
The Courts have turned into Totalitarian Dictatorships devoid of any accountability, and the proof of that is the mere conviction rate proving that we are the enemy of those in power. Data published by the Pew Research Center in 2019 highlighted how federal prosecutors have a 99.6% conviction rate. To put those numbers in perspective, U.S. Attorneys filed 79,704 cases in 2018. Of those, only 320 resulted in acquittals. As Pew Research wrote: “Nearly 80,000 people were defendants in federal criminal cases in fiscal 2018, but just 2% of them went to trial. “ Any criminal lawyer in New York will tell you to plead and take a deal because you CANNOT win in New York.
The system is so bad that Judge Rakoof was thoroughly disgusted and wrote a book on his experience on the bench in New York. The title is “Why the innocent plead guilty and the guilty of free.” I cannot express strongly enough that you have virtually no chance of a fair trial EVER in the United States. And if they cannot put you on trial, they will kill you and swear it was suicide. Nothing but nothing someone is charged with should EVER be taken as truth. Even Madoff quickly pled guilty to save his family, yet his son still committed suicide. There, too, the banks claimed they had no idea. That was a lie and ABSOLUTELY impossible.
I was interviewed by a journalist when they saw the bank was illegally trading in my accounts, like MF Global. They asked me if they were laundering money for the Russian Mafia “AS THEY WERE DOING IN MADOFF!” I said I had no idea. I only saw all the bogus trades that were then backed out as errors when I assumed they were parking things in my accounts. Yet, of course, if the “error” came from one account and was taken out to another, then it was money laundering. The newspaper would not allow her to publish it. The forensic accountant told the court they never shall so many “canceled trades,” but the court also covered that up. I believe I refused to invest $10 billion in their Russia scheme, so they were using my accounts for money laundering involving the oligarchs and the attempt to seize Russia.
The Elections are rigged, the Courts are corrupt, and the government is rapidly becoming the enemy of the people. All of these male illegal immigrants of military age will be compelled to sign up for the military to get citizenship and be sent off to fight in World War III.
Trump’s civil fraud trial in New York will expose just how corrupt this whole prosecution has been. In a 92-page decision, this morally void Judge Arthur Engoron ordered Trump to pay a massive $355 million fine, plus more than $98 million in prejudgment interest no less. Engoron’s extraordinary ruling strategically prohibited Trump from serving as an officer or director of any business in the state for three years, giving the judge the power to appoint a prosecutor to run his company and destroy it in no time. Even George Washington University Law School professor Jonathan Turley took issue with this, saying that “[e]ven the New York Times agreed that it could not find a single case in history where this statute was used against an individual or a company that did not commit a criminal offense, go bankrupt, or leave financial victims.”
Engoron found Trump was found liable for overstating the values of his assets on bank loan applications. That is a common negotiating practice, like haggling in a biazare in Iran. It’s expected and an insult if you do not. Considering that New York City is the world’s financial capital, the city’s bankers walk on water and are among the most sophisticated on the planet. Developers always inflate property valuations, and banks have their own appraisers who simply adjust them down. According to Turley, during the trial, “witnesses [loan officers] testified that they wanted to do more business with Trump, who was described as a ‘whale’ client with high yield business opportunities.”
It is the same when trading. The banks try to guess if you will buy or sell and will move the quotes in the direction they anticipate you will trade. It is always a negotiation. That is how high-stakes finance deals are done.
The reason I recommend that Trump file for bankruptcy IMMEDIATELY in Florida is because NY law is also rigged, and this is why the Judge did what he did. Under New York law, Trump is not allowed to even appeal his ruling without depositing the full amount in a court account, and he has only 30 days to raise that, which is CASH! If he cannot, then they will seize his property and sell it for pennies on the dollar to their best friends, who are already licking their lips and rubbing their hands. Judge Engoron has just denied former Trump’s request for a 30-day stay of judgment after defense attorneys protested the attorney general’s “rush” for enforcement. Now, they want to prevent Trump from leaving NYCso they can imprison him to stop the election.
If Congress does not intervene – we are screwed as a nation.
New York State Attorney General Letitia James is an elected Democrat. She made it clear from the outset that her goal was to destroy Trump. She actually said:
“This illegitimate president [Trump] — I look forward to going into the office of the attorney general every day, suing him, and then going home.”
This has been a biased prosecution with the sole intent of prosecuting Trump to interfere in the 2024 election – plain and simple. Because BViden controls the Justice Department, they will never prosecute anyone for doing this.
She has turned this law upside down. It was intended to protect consumers. In fact, no one was defrauded. All of the loans were fully repaid. Still, this judge and prosecutor conspired to violate everyone’s right to vote in the 2024 election. Any business can now be torn apart using this. They claim that you overvalued your assets on a loan the bank never used in its decision anyway.
I have not heard from one institutional client inside or outside the United States who thought this was reasonable. The overwhelming view is that this was a deliberate political hit job, just the latest blow in the Democrats’ relentless campaign against Trump to ensure their insane agenda continues, and the Republicans on Capitol Hill are not defending the Constitution or the people.
This judgment sent a shock wave around the world, and the rigged system that allows them to seize Trump’s assets in 30 days is a warning you better get the HELL OUT OF NYC ASAP! This was the last straw. Get out of all stocks with a New York address and sell NY state and city bonds ASAP. This judgment is so outrageous, and they intend to confiscate Trump’s properties NOW just to destroy him completely to interfere in the 2024 election.
Governor Hochul was so stupid during an interview on a radio talk show with John Catsimatidis on “The Cats Roundtable” on WABC 770 AM that she tried to reassure business owners that it’s safe to do business in the state. Her remarks made the case that this was political and that Trump was targeted because he was the Republican candidate. She said :
“I think that this is really an extraordinary, unusual circumstance that the law-abiding and rule-following New Yorkers who are business people have nothing to worry about because they’re very different than Donald Trump and his behavior.”
Hochul admits that this was political, or every New York developer who has ever overstated the value of a property on a loan application is now at risk of being bankrupted and all their assets seized by making the fine so large it cannot be paid in 30 days.
The Democrats have weaponized the legal system everywhere against Trump, and their idiot base is cheering for the demise of the nation. The New York Post said it best:
“Democratic elites will chuckle into their martinis this weekend at the verdict, but your victory is pyrrhic. You’ve made Donald Trump a political martyr.”
My family has fought in every war since the American Revolution. Everything they fought for has been torn to shreds. I am surprised that anyone would now fight and die for a country that no longer respects the rule of law, the Constitution, or civilization. The clock is ticking. It will be time to turn out the lights by 2032.
I can now see why the computer is projecting a landslide for Trump. The Democrats have gone way too far. They are no longer supporters of the American Way of Life, and the computer projections for 2028 look even worse.
A study by Truth in Accounting (TIA) revealed that 70% of America’s largest cities fell into a deficit in fiscal year 2022. Out of the 75 cities studied, 53 simply did not have the funds to pay their bills. The study found that the total debt among the 75 cities had reached $288 billion, and despite the $307.4 billion of assets shared among them, the cities held $595.3 billion in unfunded pension plans.
US law requires cities to maintain a balanced budget, yet no one is holding the representative accountable. Mind you, this data was collected BEFORE the migrant crisis toppled city budgets. Cities have been overreporting their revenue and incorporating borrowed funds into their total revenue calculations. These cities push off bills until the beginning of the next fiscal year to alter calculations.
Pensions and health care were the major issues burdening American cities long before Washington required taxpayers to bankroll the 7+ million new illegal residents. As the report notes: “The most common accounting trick cities use to understate government costs is not including true compensation costs. Cities provide employees with salaries and employee benefits, such as healthcare, life insurance, and pensions. While pension and other post-employment costs, such as health care, will not be paid until the employees retire, they still represent current compensation costs earned and incurred throughout their tenure.”
I have been warned for many years that the government pension plans operate like a Ponzi scheme and have been waiting to implode. Government employees have the defined-benefit (DB) while we get the defined-contribution (DC) plans. Most state and local government employees, actually 87% of those working full time, participate in a defined benefit (DB) pension plan. They contribute NOTHING but are guaranteed a pension on top of what they earned, plus free healthcare for life. Under these promises, these employees have never been required to save for the future and will demand that the public be taxed on anything and everything to keep to this Ponzi scheme on life support.
UNDER NO CIRCUMSTANCE should you allow your pension fund to be managed by any government-related entity. They cannot pay government employees so they have sought to suck in everybody else to cover up their losses. Before 2032, there will be more people on retirement from government than actual employed workers. The government must continue to raise our taxes because they are incapable of creating reform.
The reason I highlight the migrant crisis is that we are now shelling out billions of dollars every month to support a new influx of people who have also never contributed to the system. They are providing them with “free” shelter, food, debit cards, and more. Then, they decided to prevent these very people from obtaining working permits to ensure the select few with good intentions cannot ween off government/taxpayers.
Look at history to see how this situation plays out—warning: the pension crisis will not end nicely. When the government could no longer afford to pay the army, it began sacking Roman cities that opposed their general. They turned inward and cannibalized their own cities, weakening the entire empire, thereby allowing the barbarians to come through the gates. We have followed the very same mistakes as Rome. This is just how empires always end. We are no different.
Posted originally on Feb 22, 2024 By Martin Armstrong
COMMENT: Hi Martin.
Thanks for the “astute lawyer” compliment. That was very nice, and coming from you, it is very meaningful to me.
The Epoch Times headline in your “NYC Out of Control” post calls the dollar part of the verdict against the Trumps a “penalty.” It has also been called a “fine,” but I haven’t yet seen it called “damages” in a headline. I think Hochul, Engoron, and James know that the amount was based on a damage assessment and calculation that may not hold up. New York Executive Law § 63(12) clearly reads that the attorney general “may apply…for an order…directing restitution and damages…”. [Emphasis mine.]
New York proved math calculations, not actual damages, where the damaged party had to be made whole. Had the statute recited a list of fines, they’d probably be in a more sound position, but their position now is what I would call “too dicey for comfort.” I would seize nothing in this situation because there are too many cases of improper seizures to worry about. The verdicts against those who seize property in error or improperly or hastily in a flawed or tainted case are many times larger than the amount of the money judgment used to seize and sell the property of the defendant.
Furthermore, if New York has someone running the Trump businesses, and should he or she destroy or damage the businesses, the state could be liable for many, many times the amount of the verdict/judgment against the Trump family. Trump could wind up seizing the state capitol, the governor’s residence, etc., plus having his property returned to him. I’ve seen this happen. Once, the State of Louisiana overreached, and once, the U.S. government was a litigant against a billionaire oil man, banker, and friend who could not get the IRS to return his multi-million dollar overpayment of taxes. He finally had enough, and he seized the Hale Boggs Federal Court Building. He got his money a day later.
Perhaps by dancing around exactly what legal principle the amount of the money verdict/judgment is based on (i.e., damages, fines, penalties [i.e., a payment imposed as punishment], whatever), the Hochul, Engoron, James enterprise has walked into a trap. The Eighth Amendment prohibits excessive fines. If they maintain the amount is absolutely based on the principle of damages, how can they show a diminution of the state being “whole” (or “wholeness” if you will) owing to Trump’s actions with third parties. If they maintain the amount of the verdict/judgment is based on a properly enacted and published fine or penalty, then they must face the Eighth Amendment.
In my opinion, Hochul, Engoron, and James are whistling past the graveyard. They have put their careers on the line, and the dice are tumbling.
Best regards, and thanks again.
EGM
REPLY: This is so political it smells, and just because this Judge, who is not qualified to judge a turtle race, simply decrees, they think they are God, and everyone must bow down to them and kiss their ring. It is so rare to find a decent judge in New York. Judge Lawrence McKenna saw what they were doing and tried to protect me. The government went to the Chief Judge to remove him and then sealed the record.
The DA belongs in prison with the governor and this disgusting judge. This DA is bragging that she will now seize Trump Tower. When the computer projected that the 2024 election would be intermixed with serious civil unrest and that neither side would ever accept the outcome, as we draw closer and closer to this date with destiny, it is looking very, very dark indeed.
The computer is projecting a panic cycle in September, rising volatility in October, and October will be a critical turning point heading into the 2024 election. We should no longer have the motto – Gold Bless America – it should be changed to – God Save America. These LEFTIST are destroying the very foundation of law; without that, civilization can no longer exist. That is the testimony of history – not my opinion.
NEW YORK IS DOOMED
Bond investors have piled into New York City’s tax-exempt bonds, lured by their relatively high yields. However, with a $7 billion budget deficit spiraling costs of sheltering asylum seekers and other migrants that have sought refuge in New York on top of this collapse in the rule of law, NYC is a sell – not a buy. Wall Street profits are declining, and with them, there are looming job cuts at major investment banks. Many are migrating to Florida, which puts pressure on city tax revenue. New York’s fiscal outlook is a disaster. That suggests the city’s general obligation bonds aren’t particularly attractive at current valuations – they are a sell.
NYC is totally out of control. These bogus charges were never brought against anyone, and there was no victim. This definition of fraud can be applied now to anyone in NYC. This is obviously an attempt to interfere in the 2024 election, for if Trump had not run for president, there would have been no such charges.
New York is just so UNAMERICAN you can’t make this up. This radical Attorney General not only has Trump BARRED from running his own company, but they also appointed a former organized-crime prosecutor to manage the Trump Organization who has no business capability. The state is attempting to seize total control of the financial assets of Trump without a jury trial to shut him down to prevent him from running for office. Trump was denied the right to defend himself before a jury. They did that to my company, fired all the staff, and then moved to shut it down. Then their appointed receiver became a board member of Goldman Sachs while running my company from their boardroom. This was also all without any right to a jury trial.
This is so outrageous; I fear that Trump’s case will be the catalyst for the decline and fall of the United States. We cannot possibly stand united as a nation under such an outrageous legal system. When the rule of law collapses like this, no nation has ever survived long throughout history. We now can see 2032 coming and why the computer has forecast that there may not even be a 2028 election. They need to stop Trump because they are taking us to War, canceling the paper money, and taxing everything we do for climate change. At the same time, the WHO orders lockdowns and mandatory vaccines as they surrender our sovereignty.
New York City is Completely Out of Control
The integrity of assets is seriously under question. My sincere advice to Trump is to sell all of your NYC assets and get the HELL OF NYC! Nobody should invest in anything in New York City, for there is no rule of law and, even worse, no separation of powers. It is a political dictatorship that you cannot fight for. NO judge in New York City will defend the Constitution and go against their peers.
While truckers known as Chicago Ray started calling on truckers to boycott NYC, all they have to do is target someone, and they will routinely use taxes to go after innocent people as well as journalists if they do not cooperate. Chicago Ray has backed down yet, claiming, “No one’s got to me … I heard what drivers were saying, and I’m hearing some of that today; I ain’t scared of s–t.” I met a former executive from the NY Post who they put in prison because he would not yield to the Deep State. He explained they call with a “favor,” and if you do not comply. They come after you personally. In his case, they claimed he hired people who did not show up to work. New York City is beyond hope.
SELL NEW YORK NOW
I warned that Trump would NEVER get a fair trial in New York City – I have NEVER seen anyone EVER get a fair trial in New York City. When my case began, they brought it to New York when the accounts were in Philadelphia. They claimed there was the COMEX for the venue, so that was good enough even though currencies traded in Chicago. When my lawyer heard they filed the case in New York City, he said of shit. I asked what was the problem. He said you don’t understand. New York practices law differently. Boy, did I find out.
Judges can alter the transcripts and change the words you speak in court. The Court of Appeals ruled they did not have the power to order the judges to obey the law (see UNITED STATES V. ZICHETTELLO 208 F3d 72 (2d Cir 2000) at page 97). A federal statute 18 U.S. Code § 1519 defines that as a felony with 20 years in prison. I forced Judge Oweb to admit he was altering my transcripts, and the DOJ would not indicate him; the Court of Appeals lost my appeal THREE TIMES and then said I was out of time. The ONLY reason they released me was because the Supreme Court agreed to take my case. So they released me and told the Supreme Court the case was moot.
Remember MF Global. That is when Judge Martin Glen seized the assets of all clients to protect the banks that Corsine was trading with. The trustee overseeing MF Global’s liquidation eventually confirmed that the amount of customers’ funds from the failed brokerage was at least $1.6 billion. This was the biggest financial crime, perhaps in history, far worse than Madoff. This is the outright theft of client funds sanctioned by the court, which protected all the bankers. Nobody was being called to account because MF Global, which was headed by former Goldman Sachs CEO, Senator, and New Jersey Governor Jon Corzine, was also protected. The client’s funds were illegally seized by the NY court and were used to cover the losses to the bankers completely in violation of the law.
The collapse was the eighth-largest corporate bankruptcy in U.S. history. The US Regulators investigated only whether MF Global tapped into client money from clients’ accounts as its financial condition worsened. They are ignoring the fact that it was trading with client money before the last few days. Brokerage Houses are required to keep customer money separate from the firm’s money, but that was simply not being enforced in the instant case.
As an astute lawyer wrote in about New York, he correctly pointed out that there is no rule of law, for it is a corrupt city with a “connection-based society,” not a “contract-based society.” Contracts mean nothing in New York, and this is why no bankers ever go to prison there. The courts will always rule against people for political objectives.
In 1951, NY executed an innocent woman they KNEW was innocent. It was April 5th, 1951, when Julius Rosenberg (1918-1953) and his 35-year-old wife Ethel (1915-1953) were sentenced to death using this Espionage Act. Today, everyone concedes that his wife’s crime was simply being married to Julius. The prosecutors charged her, thinking it would force him to give up his contacts, which he never did, most likely because he had none.
A co-defendant of Julius and Ethel Rosenberg, Morton Sobell (1917-2018), admitted for the first time that he was a Soviet spy on his deathbed at 91 after serving 30 years in prison but also made it clear that Ethel was innocent. Sobell passed military secrets to the Communists in World War II when the nations were still allies, he told the New York Times. Sobell, who served 18 years for espionage, said Julius did pass secrets, but Ethel, executed with her husband in 1953, was guilty of nothing more than being Mrs. Rosenberg.
Under our legal system, the Jury can nullify the conviction using common sense based on their own sense of justice. Our corrupt judges will never instruct the jury that they have that power. The JURY can refuse to follow the corrupt law and acquit a defendant even when the evidence presented seems to point to an incontrovertible verdict of guilt. Personally, I think the Jury should be told that they have the power to nullify a conviction as well as to direct charges and reprimand the prosecutor in such a case for his abuse of power.
All I can say is GET THE HELL OUT OF NYC before there is NO BID!
It’s a Sanctuary City and Taxes will Only Rise to Pay for the onslaught of uneducated illegal migrants.
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