Recorded on April 1, 2019 Is discrimination the reason behind economic inequality in the United States? Thomas Sowell dismisses that question with a newly revised edition of his book Discrimination and Disparities. He sits down with Peter Robinson to discuss the long history of disparities among humans around the world and throughout time. He argues that discrimination has significantly less of a role to play in inequality than contemporary politicians give it credit for, and that something as incontrovertible as birth order of children has a more significant and statistically higher impact on success than discrimination. He discusses why parental attention is the most important aspect of a child’s intellectual development. Sowell goes on to break down different minority groups around the world who went on to have more economic and political success than their majority counterparts, such as the Indians in East Africa, Jewish people in Eastern Europe, Cubans in the United States, and the Chinese in Malaysia. He argues that there is an underlying assumption that if discrimination was absent equality would prevail, which historically has been proven wrong. Sowell goes on to discuss changes in crime rates and poverty since the expansion of US welfare programs in the 1960s and how this has had a huge impact on the success of African Americans. He talks about his own experience growing up in New York, how housing projects used to be considered a positive place to live, and his experience as the first member of his family to enter the seventh grade. Robinson asks Sowell his thoughts on the case for reparations currently being made in Congress, and Sowell presents an argument about why a plan for reparations is not only illogical but also impossible to implement, with so many US citizens’ ancestors arriving long after the Civil War. He also explains that slavery was common throughout the known world for thousands of years and that abolition movements didn’t begin anywhere in the world until the late 18th century. He reminds us that the United States was not the only country guilty of participating in slavery and yet is the only country debating reparations.
In a rather curious and quirky interview, Overstock CEO Patrick Byrne describes a related aspect to the DOJ/FBI operations against candidate Donald Trump in 2016.
Byrne enters the story due to his romantic relationship with Maria Butina, a person charged by Robert Mueller as being a Russian intelligence operative. In/around 2015 Byrne met and started a relationship with Butina, and later was enlisted by the FBI for assistance in their investigation of her. [Sara Carter Backstory Here]
Mr. Byrne now describes all of that FBI activity as somewhat of a political espionage operation to spy on several 2016 candidates, collect dirt, and seemingly gain operational leverage. WATCH:
Research indicates the modern political exploitation of the NSA database, for weaponized intelligence surveillance of politicians, began mid 2012.
The FISA-702 database extraction process, and utilization of the protections within the smaller intelligence community, was the primary process. Start by reviewing the established record from the 99-page FISC opinion rendered by Presiding Judge Rosemary Collyer on April 26th, 2017; and explain the details within the FISC opinion.
I would strongly urge everyone to read the FISC report because Judge Collyer outlines how the DOJ, which includes the FBI, had an “institutional lack of candor” in responses to the FISA court. In essence, the Obama administration was continually lying to the court about their activity, and the rate of fourth amendment violations for illegal searches and seizures of U.S. persons’ private information for multiple years.
The key takeaway from these first paragraphs is how the search query results were exported from the NSA database to users who were not authorized to see the material. The FBI contractors were conducting searches and then removing, or ‘exporting’, the results. Later on, the FBI said all of the exported material was deleted.
Searching the highly classified NSA database is essentially a function of filling out search boxes to identify the user-initiated search parameter and get a return on the search result.
FISA-702(16) is a search of the system returning a U.S. person (“702”); and the “16” is a check box to initiate a search based on “To and From“. Example, if you put in a date and a phone number and check “16” as the search parameter the user will get the returns on everything “To and From” that identified phone number for the specific date. Calls, texts, contacts etc. Including results for the inbound and outbound contacts.
FISA-702(17) is a search of the system returning a U.S. person (702); and the “17” is a check box to initiate a search based on everything “About” the search qualifier. Example, if you put a date and a phone number and check “17” as the search parameter the user will get the returns of everything about that phone. Calls, texts, contacts, geolocation (or gps results), account information, user, service provider etc. As a result, 702(17) can actually be used to locate where the phone (and user) was located on a specific date or sequentially over a specific period of time which is simply a matter of changing the date parameters.
And that’s just from a phone number.
Search an ip address “about” and read all data into that server; put in an email address and gain everything about that account. Or use the electronic address of a GPS enabled vehicle (about) and you can withdraw more electronic data and monitor in real time. Search a credit card number and get everything about the account including what was purchased, where, when, etc. Search a bank account number, get everything about transactions and electronic records etc. Just about anything and everything can be electronically searched; everything has an electronic ‘identifier’.
The search parameter is only limited by the originating field filled out. Names, places, numbers, addresses, etc. By using the “About” parameter there may be thousands or millions of returns. Imagine if you put “@realdonaldtrump” into the search parameter? You could extract all following accounts who interacted on Twitter, or Facebook etc. You are only limited by your imagination and the scale of the electronic connectivity.
As you can see below, on March 9th, 2016, internal auditors noted the FBI was sharing “raw FISA information, including but not limited to Section 702-acquired information”.
In plain English the raw search returns were being shared with unknown entities without any attempt to “minimize” or redact the results. The person(s) attached to the results were named and obvious. There was no effort to hide their identity or protect their 4th amendment rights of privacy:
But what’s the scale here? This is where the story really lies.
Read this next excerpt carefully.
The operators were searching “U.S Persons”. The review of November 1, 2015, to May 1, 2016, showed “eighty-five percent of those queries” were unlawful or “non compliant”.
85% !! “representing [redacted number]”.
We can tell from the space of the redaction the number of searches were between 1,000 and 9,999 [five digits]. If we take the middle number of 5,000 – that means 4,250 unlawful searches out of 5,000.
The [five digit] amount (more than 1,000, less than 10,000), and 85% error rate, was captured in a six month period.
Also notice this very important quote: “many of these non-compliant queries involved the use of the same identifiers over different date ranges.” So they were searching the same phone number, email address, electronic “identifier”, or people, repeatedly over different dates. Specific people were being tracked/monitored.
Additionally, notice the last quote: “while the government reports it is unable to provide a reliable estimate of” these non lawful searches “since 2012, there is no apparent reason to believe the November 2015 [to] April 2016 coincided with an unusually high error rate”.
That means the 85% unlawful FISA-702(16)(17) database abuse has likely been happening since 2012. (Again, remember that date, 2012) Who was FBI Director? Who was his chief-of-staff? Who was CIA Director? ODNI? etc. Remember, the NSA is inside the Pentagon (Defense Dept) command structure. Who was Defense Secretary? And finally, who wrote and signed-off-on the January 2017 Intelligence Community Assessment?
Tens of thousands of searches over four years (since 2012), and 85% of them are illegal. The results were extracted for?…. (I believe this is all political opposition use; and I’ll explain why momentarily.)
OK, that’s the stunning scale; but who was involved?
Private contractors with access to “raw FISA information that went well beyond what was necessary to respond to FBI’s requests“:
And as noted, the contractor access was finally halted on April 18th, 2016.
[Coincidentally (or not), the wife of Fusion-GPS founder Glenn Simpson, Mary Jacoby, goes to the White House the next day on April 19th, 2016.]
None of this is conspiracy theory.
All of this is laid out inside this 99-page opinion from FISC Presiding Judge Rosemary Collyer who also noted that none of this FISA abuse was accidental in a footnote on page 87: “deliberate decisionmaking“:
This specific footnote, if declassified, would be key. Note the phrase: “([redacted] access to FBI systems was the subject of an interagency memorandum of understanding entered into [redacted])”, this sentence has the potential to expose an internal decision; withheld from congress and the FISA court by the Obama administration; that outlines a process for access and distribution of surveillance data.
Note: “no notice of this practice was given to the FISC until 2016“, that is important.
Summary: The FISA court identified and quantified tens-of-thousands of search queries of the NSA/FBI database using the FISA-702(16)(17) system. The database was repeatedly used by persons with FBI contractor access who unlawfully searched and extracted the raw results without redacting the information and shared it with an unknown number of entities.
There is little doubt the FISA-702(16)(17) database system was used by Obama-era officials, from 2012 through April 2016, as a way to spy on their political opposition. Quite simply there is no other intellectually honest explanation for the scale and volume of database abuse that was taking place.
When we reconcile what was taking place and who was involved, then the actions of the exact same principle participants take on a jaw-dropping amount of clarity.
All of the action taken by CIA Director Brennan, FBI Director Comey, ODNI Clapper and Defense Secretary Ashton Carter make sense. Including their effort to get NSA Director Mike Rogers fired.
Everything after March 9th, 2016, was done to cover up the weaponization of the FISA database. [Explained Here] Spygate, Russia-Gate, the Steele Dossier, and even the 2017 Intelligence Community Assessment (drawn from the dossier and signed by the above) were needed to create a cover-story and protect themselves from discovery of this four year weaponization, political surveillance and unlawful spying. Even the appointment of Robert Mueller as special counsel makes sense; he was FBI Director when this began.
The beginning decision to use FISA(702) as a domestic surveillance and political spy mechanism appears to have started in/around 2012. Perhaps sometime shortly before the 2012 presidential election and before John Brennan left the White House and moved to CIA. However, there was an earlier version of data assembly that preceded this effort.
Political spying 1.0 was actually the weaponization of the IRS. This is where the term “Secret Research Project” originated as a description from the Obama team. It involved the U.S. Department of Justice under Eric Holder and the FBI under Robert Mueller. It never made sense why Eric Holder requested over 1 million tax records via CD ROM, until overlaying the timeline of the FISA abuse:
The IRS sent the FBI “21 disks constituting a 1.1 million page database of information from 501(c)(4) tax exempt organizations, to the Federal Bureau of Investigation.” The transaction occurred in October 2010 (link)
Why disks? Why send a stack of DISKS to the DOJ and FBI when there’s a pre-existing financial crimes unit within the IRS. All of the evidence within this sketchy operation came directly to the surface in early spring 2012.
The IRS scandal was never really about the IRS, it was always about the DOJ asking the IRS for the database of information. That is why it was transparently a conflict when the same DOJ was tasked with investigating the DOJ/IRS scandal. Additionally, Obama sent his chief-of-staff Jack Lew to become Treasury Secretary; effectively placing an ally to oversee/cover-up any issues. As Treasury Secretary Lew did just that.
Lesson Learned – It would appear the Obama administration learned a lesson from attempting to gather a large opposition research database operation inside a functioning organization large enough to have some good people that might blow the whistle.
The timeline reflects a few months after realizing the “Secret Research Project” was now worthless (June 2012), they focused more deliberately on a smaller network within the intelligence apparatus and began weaponizing the FBI/NSA database. If our hunch is correct, that is what will be visible in footnote #69:
How this all comes together in 2019
Fusion GPS was not hired in April 2016 to research Donald Trump. As shown in the evidence provided by the FISC, the intelligence community was already doing surveillance and spy operations. The Obama administration already knew everything about the Trump campaign, and were monitoring everything by exploiting the FISA database.
However, after the NSA alerts in/around March 9th, 2016, and particularly after the April 18th shutdown of contractor access, the Obama intelligence community needed Fusion GPS to create a narrative that could: (A) justify surveillance and spy operations; and (B) be used as an insurance policy in the event they needed to remove President Trump.
Fusion GPS gave them what they needed by creating the Steele Dossier.
That’s why the FBI small group, which later transitioned into the Mueller team, were so strongly committed to and defending the formation of the Steele Dossier and its dubious content.
The Steele Dossier contained a cover-story and justification for the pre-existing surveillance operation; and the justification for a special counsel investigation.
The corrupt DOJ and FBI group needed Fusion GPS to build a narrative for them to use, ie. ‘the insurance policy’ (Mueller). Fusion would provide information to the FBI through the laundry system using Christopher Steele. Fusion also sold the Russia narrative to the media.
After the 2016 election, former Senate Intelligence Committee staffer Dan Jones paid Christopher Steele and Fusion GPS to keep up appearances thereby creating the foundation for Robert Mueller to be appointed.
Is it laughable, or tragic, to listen in on a meeting of the Democratic Socialists of America (DSA)? You be the judge. The litany of sensitivity rules — from prohibitions on heavy scents to avoidance of gender-specific pronouns — is designed to not trigger anyone as they usher in the new Utopia…if anyone can stand it. Above all, the rules are designed to shut each other up. Stephen Green, Scott Ott and Bill Whittle form the conservative (often comic) trio who have delighted audiences for more than a decade with their principled take on breaking news. They come to you thanks to the Members who fund this enterprise. You may join this team of producers today, and get exclusive access to our Member-written blog at https://BillWhittle.com/register/
Is it born to die? If Capitalism in America eventually leads to the workers rising with pitchforks to demand a division of the spoils, are we doing it wrong, or is that just the natural outcome of a system that focuses only on equality of opportunity? The rise of Democratic Socialists (and their less-Democratic brethren) during the 2020 presidential cycle may signal an economic shift that seems to contain the seeds of the demise of a system which has created more food, health, leisure, and happiness than anything the Earth has seen. Bill Whittle, Scott Ott and Stephen Green carry on these conversations about the news of the day, and the underlying principles, five times each week on Right Angle, thanks to the Members at https://BillWhittle.com who produce about 48 new shows each month, and their own vibrant Member-written blog. You can join them right now at https://BillWhittle.com/register/
The Iowa State Fair has a fun, quirky and non-scientific poll that it does each presidential primary season. While the results only reflect those fair visitors who choose to participate in placing a kernel of corn in a jar corresponding to their preferred candidate, the results are usually quite accurate when compared to the election results the following year.
After three days of visitors, the results as of 5:00pm show Joe Biden with a considerable lead (24%), followed by Pete Buttigieg and Elizabeth Warren (16%), Kamala Harris (11%), and Bernie Sanders (9%) rounding out the top five:
With gaffe prone Biden still holding a lead, it appears Pete Buttigieg is surging, and is now in a stronger Iowa position than national polls would suggest.
Additionally, albeit somewhat anticipated, it’s confirmed the former Bernie bloc has fractured and support amid the communist wing now leaning toward Elizabeth Warren. Perhaps that explains a rather stark tweet from Che’ Bernie moments ago:
It would appear, Bernie is pulling out the full manifesto in an effort to stop ‘I’ma git me a beer’ Warren from stealing his collective thunder. The battle of the east coast communists continue…
Meanwhile California’s inauthentic Harris, aided primarily by gender-preferential media sycophants, is finding a way to navigate the west coast pole dance and brings a solid fourth place kernel result.
As the U.S-China trade confrontation continues, China is running out of dollars. Beijing is burning through cash to prop up its manufacturing industries; and the currency devaluation only exacerbates the problem. A weak Yuan, makes their exports cheap; but China is an economy of dependency, and relies upon dollars to pay bills.
Against this growing internal financial crisis, videos seem to confirm Chinese military moving into regions around Hong Kong as protests continue. Hong Kong nationals staged a three-day protest at Hong Kong’s international airport to draw attention to their plight.
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HONG KONG (Reuters) – Hong Kong police fired tear gas at demonstrators in the working class district of Sham Shui Po on Sunday, as yet another day of protest marches turned into a confrontation between police and activists.
Ten straight weekends of increasingly violent protests have plunged Hong Kong into its most serious political crisis in decades, posing a challenge to the central government in Beijing.(link)
Many voices in the west have forgotten the lessons from Tienanmen Square, when the central Chinese government used the Mongolian army regulars to gain control over the protests. The authoritarian Chinese government is communist at its central core; despite the party leadership’s corruption and capitalistic wealth.
Videos show the Chinese military are moving into Hong Kong to position themselves against those voices who are demanding the region remain a free and autonomous open society.
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Kyle Bass
✔@Jkylebass
chinese army has invaded HK. The PLA is working hand-in-hand with the HK police to brutalize the protestors. They arrived August 1st and continue to multiply in numbers…US Travel advisory in HK. #pigs#china#HK
In Hong Kong, carrie lam(b) cheng yuet ngor has authorized lethal force against kids protesting for democracy and freedom. But here in the US, our president continues to think HK is “sufficiently autonomous”. Shooting at point blank.
carrie lam(b) cheng yuet-ngor and xi have no respect for human life. Excessive force that pigs encourage against young students protesting for freedom and democracy. Trump – Where are you? @realDonaldTrump Absolutely disgusting. #china#hk#HKexit
Normally, I would not credit anything an Attorney General ever had to say about any case. However, Attorney General William Barr said Saturday: “I was appalled to learn that Jeffrey Epstein was found dead early this morning from an apparent suicide while in federal custody.” The only reason I credit his statement is the fact that he has consulted with the Inspector General about an investigation after Epstein allegedly hanged himself and was found in his jail cell early on Saturday.
Barr continued to say: “Mr. Epstein’s death raises serious questions that must be answered. In addition to the FBI’s investigation, I have consulted with the Inspector General who is opening an investigation into the circumstances of Mr. Epstein’s death.”
The FBI is questionable and only the Office of Inspector General can be trusted to investigate anything (see an investigationby OIG into the FBI).
Any investigation should NOT BE limited to the claimed suicide of Epstein. The OIG should investigate the MCC and how it is used as a tool by the DOJ to abuse prisoners all the time to ensure they retain their 99% conviction rate with the 1% being simply dead.
Another inmate who spent time in the hole told the NY Post it is impossible to hang yourself in one of those cells. There is nothing to tied sheets to and the ceiling is very low. It is not high enough to hang yourself. The lights are on 23 or 24 hours a day. The frosted glass windows offer no view of the outside world. Even the slot on each cell door is kept shut, meaning that inmates see little beyond their solitary cell.
The conspiracy spin is in full force that the Clintons were behind this one which is yet another in a long list of mysterious deaths. However, only some of the names have been unsealed so far. Prince Andrew was named in court documents unsealed from an alleged Epstein victim who claimed he trafficked her to wealthy men including Prince Andrew, lawyer Alan Dershowitz, former New Mexico Governor Bill Richardson, Wall Street billionaire Glenn Dubin, and foreign heads of state. (The men deny these allegations.) The speculation is that there are other high ranking members of Congress who also might be linked. Obviously, there may be a lot more people interested in his silence than just the Clintons.
The alleged victims no longer get their day in court to testify. So if they were going to describe events at Epstein’s trial, forget that. There will be no trial without charging others. So it would be very interesting if the OIG really investigated the MCC.
Oliver Brown worked in MCC and had the courage to come forward to testify what really goes on in MCC. He appeared in the movie even after the FBI visited him two days before the taping demonstrating that the government was tracking the movie crew. Mr. Brown submitted a declaration under oath that the courts simply passed over to protect what goes on in MCC. He declared:
“I believe that in or about early 2001, though I can no longer be sure of the exact date, I was informed by Mr. Marvin Owens, staff attorney for the MCC, of a conversation he had with an Assistant United States Attorney for the Southern District of New York. Owens informed me that, because Mr. Armstrong held a unique status of civil condemnor, the MCC and USAO could not decide what to do with him. Mr. Owens informed me, in words or substance, that it was decided that, despite the lack of sufficient evidence against Mr. Armstrong to prove a conviction, Mr. Armstrong should remain at the MCC in civil contempt until he relented, gave in or simply broke down and admitted to the crimes he was accused of.”
It took a lot of courage for Mr. Brown to come forward, but nobody would investigate what took place and certainly, no newspaper will ever report the abuse of human rights taking place in MCC.
Here we had exculpatory evidence withheld from the court and a whistleblower coming forward from inside MCC and my requests to the Department of Justice and the Office of Inspector General for an investigation of the tactics employed in MCC have simply been ignored. For this reason, I have little hope that there will EVER be an investigation into what is taking place in the American legal system. William Barr may be shocked, but who will ever carry out an investigation that would discredit the Justice system?
It will take an avalanche of letters from everyone to the White House before a real investigation will ever be carried out. I will be glad to testify if they ever have the guts to really investigate behind the curtain.
What is most curious is the United States accused Russia of killing a man in prison Sergei Magnitsky because he would have revealed corruption in the Russian police. Here we have the USA accusing Russia and passing the Magnitsky Act because a Russian dies in a Russian prison which is exactly what takes place in the USA all the time – i.e. Jeffrey Epstein.
The real story is more likely that Western powers paid to have Magnitsky killed in a Russian prison for he would have exposed the attempt to blackmail Borris Yeltsin to step down which is how Putin gained office. They wanted to force Yeltsin to appoint their stooge Boris Berezovsky to run Russia on behalf of the New York bankers and the West where they could control the oil, gas, gold, and diamond markets. Magnitsky was the accountant for Hermitage Capital which was begun by Edmund Safra who was killed in Monaco and then Berezovsky apparently also felt remorse and hung himself in London after fleeing Russia.
Epstein was placed on suicide watch when he was found with marks on his neck on July 23, 2019. There were daily psychological assessments conducted on him which were standard in MCC when you are held in the notorious “hole” (10 South). But at the end the month, psychologists with the Bureau of Prisons took him off suicide watch and cleared him to return to his cell in the Special Housing Unit known as the “hole” (10 South) which takes a lot of mental fortitude to withstand. Amazing, he is cleared and then commits suicide in a cell locked down 24 hours a day?
Here we have the US accusing Russia of killing a Russian in prison before he was given a trial which is precisely the way they operate in the United States. Tulsi Gabbard took on Sen. Kamala Harris exposing her record as a prosecutor. I do not care if they are Republican or Democrat, NEVER should anyone who has ever been a prosecutor be allowed in the White House. That will end all civil liberties forever!!!!!!
Senator Harris withheld evidence that proved a man she was trying to execute was innocent. This is the type of person we want to lead any government? I have NEVER met anyone who has EVER been a prosecutor to date that has any sense of morality or conscience. Any prosecutor who has EVER done what Harris did should be sentenced to the same fate they wrongfully tried to impose on another.
The helicopter travel boom over urban areas highlights the yawning income inequality between the people trapped in traffic jams below and those who rise above it all because of their power and privilege, according to The New York Times. Should “the 1%” be allowed to go from downtown to the airport in eight minutes while the people crawl across the ground for an hour and a half to accomplish the same objective? Bill Whittle Now brings conservative principles to bear on the news of the day five times each week thanks to the benefactors at BillWhittle.com whom we call Members. They not only fund some 48 shows each month for as little as $9.95, but they write their own private blog, a source of equipping and entertainment, in a secure conservative enclave. If you’d like to experience what they think is well worth the investment, join us today at https://BillWhittle.com/register/
Malaysia filed criminal charges on Friday against 17 current and former directors at subsidiaries of Goldman Sachs Group Inc (GS.N) following an investigation into a multi-billion-dollar corruption scandal that led to the demise of state fund 1MDB. Those charged include Richard Gnodde, chief executive of Goldman Sachs International, Michael Evans, president of Alibaba Group Holding Ltd (BABA.N) and a former director at Goldman Sachs (Asia) LLC, and Michael Sherwood, former vice chairman of Goldman Sachs Group. Each charge carries a maximum jail term of 10 years and a penalty of at least 1 million ringgit ($239,000).
An Alibaba spokeswoman said the company was aware of the charges against Evans and would continue to monitor the situation. UAE filed suit against Goldman Sachs where they announced: “This action seeks redress for a massive global conspiracy on the part of the defendants to defraud and injure plaintiffs,” said the lawsuit, which also named former executives from IPIC and its subsidiary Aabar Investments.
The U.S. bank has been under scrutiny for its role in helping to raise $6.5 billion through bond offerings for 1Malaysia Development Bhd (1MDB), the subject of corruption and money laundering investigations in at least six countries. It has been alleged that $2.7 billion of the proceeds were diverted and the offering statements filed with the regulators contained statements that were false, misleading or involved material omissions.
The SEC previously charged Goldman Sachs with fraud back in 2007, but of course, did nothing criminal because Goldman Sachs controls the SEC. Now the top adviser in the SEC is Alan Cohen who was head of Global Compliance and would have signed off on the Malaysian deal.
The rumor mill has been hot concerning Malaysia and Goldman Sachs for the past two years. As it was turning into a criminal investigation Lyod Blankfein coincidently decided to step down last year at age 63. That was announced last March when he said he would step down by the end of the year. Then in July 2018, Blankfein said his goodbyes. The London Financial News claimed it was an emotional departure.
Was it really a coincidence that Blankfein stepped down which appeared to be running for the exit door and then within three months the news breaks that he was deeply involved in the corruption scandal in Malaysia. As Bloomberg wrote: “Years before Goldman Sachs Group Inc. arranged bond deals now at the heart of globe-spanning corruption probes, the firm’s then-CEO Lloyd Blankfein personally helped forge ties with Malaysia and its new sovereign wealth fund, according to people with knowledge of the matter.”
Blankfein’s replacement did at least apologize for the conduct but continued to defend the firm.
The US Department of Justice charged the former Goldman bankers Tim Leissner and Roger Ng, as well as Malaysian financier Jho Low in this matter. Malaysia’s new charges were brought under a section of the Malaysian Capital Markets and Services Act that holds certain senior executives responsible for offenses that may have been committed by the firm. What everyone is waiting for is the indictment of Alan Cohen, the former head of Global Compliance since it is normally the compliance officer who does down for the firm. This time, Alan Cohen is at the top of the food chain in the SEC which will result in a major scandal for the Trump Administration.
“The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money.” Rolling Stone’s Matt Taibbi wrote back in July 2009. He is correct, the truth about Goldman Sachs “is that it’s everywhere.” Taibbi’s now-famous phrasing captured Goldman Sachs Group Inc.’s (GS) ubiquity which is very hard to deny.
Normally, if a banking firm is charged criminally, it loses its license. That is not the case for Goldman Sachs which many call “Government Sachs” on the street. They have walked on water in the United States and have been also known as the “untouchables” in finance.
Goldman Sachs said the Malaysian charges were misdirected. “We believe the charges announced today, along with those against three Goldman Sachs entities announced in December last year, are misdirected and will be vigorously defended,” a Goldman Sachs spokesman in Hong Kong said.
Goldman Sachs tried to pretend that they were afforded no opportunity to dispute the charges in advance. “Under the Malaysian legal process, the firm and the individual entity directors were not afforded an opportunity to be heard prior to the filing of these charges, which do not affect our ability to conduct our current business globally,” they said. But in the United States, a grand jury is also secret and the target does not get a notice to dispute the charges either.
Goldman Sachs has been charged for omitting material facts in the bond offerings, among them that Malaysian financier Low Taek Jho was the operator and key intermediary for 1MDB. Low has been described by Malaysian and U.S. authorities as to the central player in the 1MDB scandal. He has denied wrongdoing and his whereabouts are unknown.
The fees that Goldman received were far above the norm. Dealers were not allowed to compete in bidding for the conversions of currencies.
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This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 