Floating Cities – Can They Escape Taxes & Crime


Floating Cities

Floating cities in the sea are getting closer to reality at the Seasteading Institute. Futurists are already thinking about the founding of cities on the high seas. While the original argument was all about when population growth would make land so scarce we would have to move to the oceans, they never counted on cycles. The population figures are on the decline and the standard of living has declined and taxes have soared. There are many of America’s young adults who now appear to be in no hurry to move out of their old bedrooms. For the first time on record, living with parents is now the most common arrangement for people ages 18 to 34. The stunning proportion of older millennials — those ages 25 to 34 — are still living at home and has reached its highest point on record at 19% based upon the latest census data. This is also a death sentence for the socialist system which was based upon a Ponzi Scheme of taking money from an ever increasing population to pay for the retire costs of the previous which was always smaller. With just under 20% of millennials living at home, the population growth have plummeted.  Japan has a real problem. Its population is just over 127 million and the new births are just 1 million annually. The Japanese have been forced to turn to developing robots to replace workers.

Taxes have been increasing disproportionately. It’s official. Canadians now spend more on taxes than they do on food, housing, and clothing. Simple correlations show that the higher the taxes, the lower the birth rate. The seriousness of what socialism has altered is not even being considered yet. With hindsight, we will probably look back on this period of Marxism as China was forced to look back upon the one-child law that resulted in only boys being born.

Historically, you had large families because that was your social security, the kids took care of their parents. This trend has been negated by Marxism. With the dawn of “socialism” in the 1930’s, the birth rate has declined in the West because government was there to take care of you so you didn’t need the family structure. Children were not responsible, that was the state’s job.

The idea of Malthus that population would continually grow exponentially like rabbits in a Fibonacci sequence, has just proven to be nonsense. Fibonacci by no means negates cycles. So what about future cities on the high seas? Another idea that has materialized was taking a cruise ship and turning it into condos. The idea was if you lived on a ship would be tax free. Government quickly jumped on that one because the ship still had to be registered to a country and based upon that flag, they wanted taxes.

Tahiti Blue Frontiers

Living on the water may be more attractive. They even have the First Tahitian Seasteading Gathering in May. If you can build your own island then you do not need a flag and you can escape taxes. However, you would become a prisoner without a national flag that gives you a passport to travel. Of course, there is always the possibility that would might not want to travel and hide out until the world becomes sane once again.

Judge Napolitano Vindicated? British Intelligence Was Used By Obama Administration to Obtain FISA Warrants On Trump Team…


On March 14th Judge Andrew Napolitano said:

“Three intelligence sources have informed Fox News that President Obama went outside the chain of command. He didn’t use the NSA. He didn’t use the CIA. He didn’t use the FBI, and he didn’t use Department of Justice. He used GCHQ. What the heck is GCHQ? That’s the initials for the British spying agency. They have 24/7 access to the NSA database. So by simply having two people go to them saying, ‘President Obama needs transcripts of conversations involving candidate Trump, conversations involving president-elect Trump,’ he’s able to get it, and there’s no American fingerprints on this.”

~ Judge Andrew Napolitano

On March 20th Fox News suspended Napolitano for making those remarks.  The British government and British intelligence community was furious at Napolitano and Fox News.  At the time Rupert Murdoch was attempting to purchase SkyNews, which might have aided in the severity of his response to Napolitano.

However, today CNN is confirming much of the construct for what Napolitano was previously saying: 

CNN – British and other European intelligence agencies intercepted communications between associates of Donald Trump and Russian officials and other Russian individuals during the campaign and passed on those communications to their US counterparts, US congressional and law enforcement and US and European intelligence sources tell CNN.

The communications were captured during routine surveillance of Russian officials and other Russians known to western intelligence. British and European intelligence agencies, including GCHQ, the British intelligence agency responsible for communications surveillance, were not proactively targeting members of the Trump team but rather picked up these communications during what’s known as “incidental collection,” these sources tell CNN.

The European intelligence agencies detected multiple communications over several months between the Trump associates and Russian individuals — and passed on that intelligence to the US. The US and Britain are part of the so-called “Five Eyes” agreement (along with Canada, Australia and New Zealand), which calls for open sharing among member nations of a broad range of intelligence. (read more)

Against the backdrop of President Obama’s National Security Advisor Susan Rice finally admitting she was the White House entity who unmasked the names of U.S. people contained within U.S. intelligence reports, the prior substantive concerns of Judge Andrew Napolitano appear confirmed.

It would appear the justification for the early 2016 President Obama surveillance program was, in part, constructed by utilizing information from British intelligence sources.

Earlier we considered that NSA Director Mike Rogers didn’t want to participate in, or give aid in relationship to, the surveillance scheme.  Consequently, the Obama White House worked around Rogers with another source, British Government Communications Head Quarters (GCHQ), for the same information.

In 2013 Edward Snowden released information the UK GCHQ was being party funded by the U.S. NSA to the tune of over £100 million:

[…]  The funding underlines the closeness of the relationship between GCHQ and its US equivalent, the National Security Agency. But it will raise fears about the hold Washington has over the UK’s biggest and most important intelligence agency, and whether Britain’s dependency on the NSA has become too great. (link)

January 23rd, 2017, three days after President Trump’s inauguration, the head of the U.K. General Communications Head Quarters (GCHQ) unexpectedly resigns:

Robert Hannigan, the director of GCHQ, has resigned from his job as head of one of the three Government intelligence agencies after just two years.

GCHQ would only say that Mr Hannigan had left his post for “personal reasons” and that he was not sacked or subject to disciplinary proceedings.  (link)

[Previously] In hindsight, NSA Director Admiral Mike Rogers may have notified Team Trump of Obama’s Intelligence Community (James Clapper and John Brennan) involvement or engagement in surveillance activity.

As you look at the dates below, it’s important to note that NSA Director Admiral Mike Rogers would be keenly aware of both the June FISA request – Denied, and the October request – Granted.  Pay specific attention to the October request. “October”!.

clapper-comey-rogers-brennan-1

June 2016: FISA request. The Obama administration files a request with the Foreign Intelligence Surveillance Court (FISA) to monitor communications involving Donald Trump and several advisers. The request, uncharacteristically, is denied.

October 2016: FISA request. The Obama administration submits a new, narrow request to the FISA court, now focused on a computer server in Trump Tower suspected of links to Russian banks. No evidence is found — but the wiretaps continue, ostensibly for national security reasons.

Andrew McCarthy at National Review later notes. The Obama administration is now monitoring an opposing presidential campaign using the high-tech surveillance powers of the federal intelligence services.

♦ On Tuesday November 8th, 2016 the election was held.  Results announced Wednesday November 9th, 2016.

NSA Director Rogers participates in session at Intelligence and National Security Summit in Washington♦ On Thursday November 17th, 2016, NSA Director Mike Rogers traveled to New York and met with President-Elect Donald Trump.

♦ On Friday November 18th The Washington Post reported on a recommendation in “October” that Mike Rogers be removed from his NSA position:

The heads of the Pentagon and the nation’s intelligence community have recommended to President Obama that the director of the National Security Agency, Adm. Michael S. Rogers, be removed.

The recommendation, delivered to the White House last month, was made by Defense Secretary Ashton B. Carter and Director of National Intelligence James R. Clapper Jr., according to several U.S. officials familiar with the matter.

[…]  In a move apparently unprecedented for a military officer, Rogers, without notifying superiors, traveled to New York to meet with Trump on Thursday at Trump Tower. That caused consternation at senior levels of the administration, according to the officials, who spoke on the condition of anonymity to discuss internal personnel matters. (link)

Remember, historically The Washington Post is the preferred outlet for the CIA and Intelligence Community within Deep State to dump their “leaks” and stories.  [The State Department “leaks” to CNN for the same purposes.]

♦ On Saturday November 19th Reuters reported on the WaPo Story and additional pressure by Defense Secretary Ash Carter and DNI James Clapper to fire Mike Rogers.

[…]  The Washington Post reported that a decision by Rogers to travel to New York to meet with Trump on Thursday without notifying superiors caused consternation at senior levels of the administration, but the recommendation to remove him predated his visit.  (link)

If you just look at the timeline of activity a picture emerges:

  1. The Intelligence Community -at the direction of President Obama- made a request to a FISA court for the NSA to spy on Donald Trump in June 2016.  It was denied.
  2. In October the Intelligence Community (NSA) -at the direction of President Obama- made a second request to the FISA court for the NSA to spy on activity around Donald Trump.  It was approved.
  3. At around the same time (October), as the second request, (Def Sec) Ash Carter and (DNI) James Clapper tell President Obama to dump NSA Director Mike Rogers.
  4. A week after the election, Director Mike Rogers makes a trip to Trump Tower without telling his superior, James Clapper….
  5. …Which immediately brings about new calls (November media leaks to WaPo) for President Obama to dump Admiral Mike Rogers.

President Trump Interview With Maria Bartiromo…


Yesterday President Trump gave an interview to Fox Business host Maria Bartiromo.  The interview aired earlier today (4/12/17).

Economic Diplomacy Continues – President Trump Softens Tone Toward China Currency Manipulation…


President Trump gave an interview to the Wall Street Journal where he changed a prior position on declaring China a “currency manipulator”:

(Via ABC) According to the Wall Street Journal, the president said the decision came in consideration of talks with China over its role in countering North Korean weapons testing. Trump said that any move to attach the designation could hamper China-U.S. relations. He claimed that, in recent months, China’s currency manipulation has halted. (link)

Is this a change in position? Yes.

It is an arbitrary change, or even an unexpected shift? Hell no.

As we have pointed out since the February 2016 GOP debate, the Trump approach toward North Korean hostilities is to leverage China to get control over N-Korea. –Expanded Backstory–

President Trump is realigning U.S. geopolitical relationships based on America-First interests.   President Trump is using economic leverage to provide security and global stability. President Trump knows how to stroke the panda fur.

Last night President Trump and Chinese President Xi Jinping held another consultation call. 

Earlier today China abstained from vetoing a U.N. security council resolution against the use of chemical weapons in Syria.  Russia was forced to stand alone in alliance with Bashir Assad.  Russia is now isolated.  To emphasize that point, President Trump publicly states his support for NATO.

Earlier this week, following the April 6th, 7th Florida meeting between President Xi and President Trump, China refused to allow North Korean coal cargo ships to unload.  Today, China signaled they may temporarily ban the export of oil into North Korea.  Through these actions North Korea is becoming isolated.

China holds leverage over North Korea as the U.S. holds leverage over Puerto Rico.

As we stated in 2016, and again in January 2017, President Trump is positioning economic leverage with China to promote U.S. security interests.

The non-designation of China as a “currency manipulator” may be a billion benefit to China today, but if China can leverage productive action by North Korea, that same transactional exchange may save the U.S. billions in the use of military and peacekeeping assets, and provide enhanced security to South Korea – another strategic economic interest of the U.S.

This should come as no surprise to those who carefully followed Donald Trump’s public positions on the issues.   Bold predictive statements made earlier provide the leverage today for President Trump to find a larger economic and national security win.

In the last 24 hours:

♦ Russia said President Putin would not meet with U.S. Secretary of State Rex Tillerson.  Hours later Vladimir Putin hosted T-Rex for more than two hours.

♦ Russia vetos a U.N. Security Council resolution against Syria, and China refused to stand with them – that’s a historic shift of alliance.

♦ President Trump modifies his position on Chinese currency, and China announces the possibility of an oil embargo against North Korea.

[…]  A new nuclear test or an intercontinental ballistic missile test, if conducted by Pyongyang at this time, will be a slap in the face of the US government and will intensify the confrontation between North Korea and the US.

Presumably Beijing will react strongly to Pyongyang’s new nuclear actions. China will not remain indifferent to Pyongyang’s aggravating violation of the UN Security Council (UNSC) resolution.

More and more Chinese support the view that the government should enhance sanctions over Pyongyang’s nuclear activities. If the North makes another provocative move this month, the Chinese society will be willing to see the UNSC adopt severe restrictive measures that have never been seen before, such as restricting oil imports to the North.

Pyongyang’s nuclear weapons program is intended for securing the regime, however, it is reaching a tipping point. Pyongyang hopes its gamble will work, but all signs point to the opposite direction. (link)

President Trump is leveraging China toward successful objectives in both Syria and North Korea.  In both instances Russia and North Korea are more isolated.  Additionally, in both of the key security interests of the United States, the use of this economic leverage means we do not have to involve our military.

The media are gleefully pointing out reversals or modifications of prior positions announced by candidate, now President, Donald Trump.   However, within each of these modified positions there are enormous benefits to the America-First platform.

America-First is not about isolationism; it is about the smart use of America’s aggregate scale and influence to shape outcomes that benefit America First.

….”Complicated business folks, … complicated business.”

Sotheby Auction in Hong Kong Sells Pink Diamond for $71.2 million


Pink Diamond

Sotheby’s auctioned a stunning 59.6 carat diamond known as the “Pink Star” which sold for $71.2 million in Hong Kong. This set a new world record for any diamond or jewel ever sold. This was an oval mixed-cut diamond which exceeded the previous records. The gemstone was sold at an even higher price at another Sotheby’s auction in Geneva, but the buyer could not come up with the money they say because of taxes.  The gem is the largest flawless fancy vivid pink diamond ever graded by the Gemological Institute of America. This shows that the market is shifting to Asia and taxation is helping to move things right along as per our model.

Using Postage Stamps for Money


PostageCurrency-5c

QUESTION: Martin, how would stamps be involved in a cashless society?  Could they be utilized as a paper currency at least domestically?  Stamp books used in place of dollar bills.

ANSWER: Historically postage stamps have served as money during the American Civil War. This was the Postage Currency. They needed metal for weapons so there was a shortage of coins. They issued Postage Currency that was backed by a postage stamp. Keep in mind there was no internet, emails, or SMS.

10c-EncasedPostage

Postage stamps were also being encased privately to serve as coins to make change.

mackerelI would not presume you want to stockpile millions of dollars worth of stamps for barter. As long as the government does not collapse and the Postal System is still functioning, then probably books of stamps will provide a medium of exchange. In prisons they used stamps for they could sell them for a discount to outside buyers. They also used cigarettes and when they were banned, they moved to packets of fish. In prison, there was a cashless society that functioned using such mediums of exchange.

However, if the crisis we face is the collapse of government, because they cannot pay their own pensions and it will reach a point when they can no longer extract taxes, then that becomes the tipping point. In that event, postage stamps would be worthless. Probably the packets of Mackerel would work as they do in prison. Everyone has to eat. I prefer tuna though.

Why Real Estate Should NEVER be the Majority of Your Portfolio


PopulationOfRome

COMMENT: Mr. Armstrong, I believe you may be the only person who has identified this trend in government others are just starting to see. Here in New Brunswick in Canada, they have raised everyone’s property taxes claiming you did some sort of improvement when you did not. This is just fraud. You are correct. This just has to go completely bust.

HW

REPLY: Yes, I am aware of what they did. The government is fabricating tax increases based upon renovations that never took place. One woman they simply took the money out of her account sending her into overdraft conditions when they claimed she did $79,780 in renovations to her tiny 860 square foot home when no work was ever done.

Governments are going bust everywhere. This system of government pretending to represent the people when they act more like paying the Mafia for protection. In this case, you have to pay the government or else they take your home. You have no right to simply retire and die in peace. They tax you until you are dead and then demand taxes from your estate. We have all become simply economic serfs working for the landlord and we own nothing for they have the right to take everything if we cannot afford to pay what they demand. In this case, they just pretend you did something and send you a bill.

This is why I rank property in the last category for investment. It should NEVER be everything. It is not movable. The population of Rome collapsed from 180AD because taxes kept rising and people were just forced to walk away. History does repeat so caution is advisable with real estate. We need a place to call home. It should not be 100% of your assets. It should be limited to a portion of your portfolio that you can afford to walk away from and survive.

It’s a shame government turns so aggressively against its people. They are always the great destroyer of civilization.

SAC Capital Advisors Different Type of Inside-Trading


SAC Capital Advisors LP

SAC Capital, formerly known as Sirius Asia Capital, in Singapore was founded in 2004. It began as a corporate finance firm specializing in IPOs and corporate advisory. There has been some confusion that a different SAC Capital Advisors was located in Stamford, Connecticut and New York City while its legal headquarters was incorporated offshore in Anguilla, British West Indies – not the USA. The SAC Capital in Singapore is not associated with the Steven Cohen operation that was criminally charged by the US authorities for inside trading. SAC’s criminal guilty plea in New York has nothing to do with the SAC Capital in Singapore. We apologize for any confusion between the two unrelated firms.

SAC Capital Advisors’ $1.2 billion criminal settlement for insider trading received of course the court approval from U.S. District Judge Laura Taylor Swain of the Southern District of New York, who typically just rubber stamp whatever the Justice Department tells them to do. This is the hedge fund firm run by billionaire Steven A. Cohen who paid a $900 million fine and in total $1.8 billion to settle criminal and civil claims.

This insider-trading probe stretched back to 2007. SAC Capital Advisors changed its name to Point72 Asset Management LP. The government ensnared eight current or former employees through guilty pleas and trial convictions. Cohen, however, was not personally charged and denied any wrongdoing.

The government extorted a very sizable monetary fine out of the culmination of all our efforts, which has no relation to the actual harm. As part of the plea deal, the firm agreed to manage money mainly for Cohen. This was a prosecution of former US Ass. Attorney Preet Bharara of the SDNY who refused to resign and forced Trump to fire him to get more publicity.

The theory of this case was that middle-men put company insiders together with traders to provide industry insight. This was a new theory of modern-day market manipulation. The FBI was using wiretaps and surveillance measures they typically have used in Mafia cases or drug cases against Wall Street. However, they still miraculously avoid the bankers. Once the Federal government charges anyone, it is hopeless for the judges only rule in the government’s favor and the conviction rate exceed 98.5% in New York so there really is no defense. In Mafia cases, an FBI agent will take the stand and say in his experience the word “pizza” or “fish” or anything, is a “code word” and it mean a kilo of some drug. So a wiretap that says “pick up a pizza” is a buy for a kilo of heroine. Juries always believe the government so it does not matter what you say – anything you say can be used as a “code” word for something.

In the case of Frank Quatrone at First Boston, a single email “clean up those files” becomes obstruction of justice. Naturally, if this were used against the New York Bankers, they would all be away. These tactics are only used against the fringe of Wall Street or anyone who dare to compete against New York City such as Refco in Chicago or First Boston.

Bharara called SAC “a veritable magnet for market cheaters” when he announced the indictment. He claimed that the insider-trading scheme dated back to 1999, spanned more than a decade and involved at least 20 public companies. He also declared, “When so many people from a single hedge fund have engaged in insider trading, it is not a coincidence.” Bharara continued: “It is, instead, the predictable product of substantial and pervasive institutional failure.”

Cohen’s firm managed about $11.9 billion in assets. So a fine to a hedge fund of $1.8 billion is a huge amount. Those who claimed that Bharara was tough on Wall Street, should look closer. Not a single NY Bank was ever charged even after pleading guilty to many events over decades and have never lost any license.

President Trump and Secretary of Defense Mattis: “We’re Not Going Into Syria”…


President Trump and Defense Secretary Mattis both gave almost identical responses today when asked about the future administration policy toward Syria.   Secretary Mattis speaking from the Pentagon stated:

…”I think what we have to look at here is a policy decision by the United States.  There is a limit to what we can do.  And when you look at what happened with this chemical attack we knew that we could not stand passive on this.  But it was not a statement that we could enter full-fledged, full-bore, into the most complex civil war probably waging on the planet at this time.”  (link)

President Trump speaking to the New York Post stated:

(Via New York Post) Amid complaints that his aides are saying different things about Syria and his policy is confusing, President Trump emphatically cleared the air.

“We’re not going into Syria,” he told me yesterday in an exclusive interview. “Our policy is the same — it hasn’t changed. We’re not going into Syria.”

The president, speaking by phone Tuesday, called Syrian President Bashar al-Assad a “butcher” and a “barbarian” for using sarin gas on his own people, but said last week’s successful missile strike was not the start of a campaign to oust the dictator.

“Our big mission is getting rid of ISIS,” Trump said. “That’s where it’s always been. But when you see kids choking to death, you watch their lungs burning out, we had to hit him and hit him hard.”

He called the attack, which involved 59 cruise missiles fired from two Navy destroyers, “an act of humanity.”  (read more)

[Via Michael Goodwin] When I asked the President Tuesday afternoon if he still has confidence in Steve Bannon, who took over the campaign in mid-August, I did not get a definitive yes.

“I like Steve, but you have to remember he was not involved in my campaign until very late,” Trump said. “I had already beaten all the senators and all the governors, and I didn’t know Steve. I’m my own strategist and it wasn’t like I was going to change strategies because I was facing crooked Hillary.”

He ended by saying, “Steve is a good guy, but I told them to straighten it out or I will.” (link)

President Trump is the wave, the Tsunami wave.  Steve Bannon is the surfer…. you already know how this story ends:

The conspiracy nutters and cruz-bots are going to go bananas when surfer Bannon falls into the rocks.  It’s clear now, the fall is coming.  Oh well.

Good to remind yourself that Steve Bannon was the political strategist of billionaire Robert Mercer supporting Ted Cruz in 2014 and 2015.

Never forget Steve Bannon at Breitbart put together the data-collection strategy consisting of the presidential support polling for more than a year; and delivering the user-data to the Ted Cruz campaign which they then combined with with Mercer’s Cambridge Analytica to fundraise on behalf of Ted Cruz. –Full Background–

Steve Bannon was campaigning for Ted Cruz for a long time, and sent donor solicitation on behalf of Ted Cruz’s campaign using Breitbart letterhead and email banner headings.

Despite the small base appeal of the preaching, Bannon, Robert and Rebekkah Mercer, saw Ted Cruz as the best candidate to beat Jeb Bush.  Until Donald Trump squished Ted.

Robert Mercer, Steve Bannon and Kelly-anne Conway were part of Team Cruz all the way through the GOP convention.   It wasn’t until Senator Cruz embarrassed himself with his self-righteous and sanctimonious convention speech that financial backers Robert and Rebekkah Mercer dumped Cruz and directed all resources they controlled -including Bannon and Conway- to assist the Trump campaign.

It was Jared Kushner’s (and Ivanka) counsel with Donald Trump that advised his father-in-law to hire Steve Bannon and Kelly-Anne Conway as a useful strategy.  The social media moonbats who tried to force the hand of President Trump to remove Kushner are loons for thinking such a position would be even considered.

Then again, the antisemitic crowd and Cruz supporters are just that – loons.

Deutsche Marks Still Being Hoarded as Hedge Against Euro


100 Deutschemarl

It may sound crazy that an old currency is still being hoarded 16 years after the introduction of the euro. However, the Germans still have been hoarding Deutsche Marks and coins worth some 6.5 billion euros. Why? Germany never put a time limit upon when you had to swap out the old currency. About a third of old currency notes of the Eurozone are now totally worthless. Portugal gave the shortest exchange period to its citizens of the country – just one year.

Looking at the total amount of notes outstanding from all Eurozone members, it reaches about 15 billion euros. Even the French are hoarding about 1.8 billion euros worth of old French francs and the Spanish are hoarding about around 1.6 billion euros worth of old Spanish pesetas.

Interesting how many people just held on to the old currencies just in case. You never know!