Corruption & the Rich


QUESTION:

Dear Martin,

With all due respect I think you are not being fair on the question of earning or not a lot of money. First of all there LOTS of people that earn a lot of money with corruption or just because they were lucky or through family links have managed to get in privileged positions.

Secondly, I have a PhD in maths and decided to dedicate my life to both teaching and doing research in academia and 20 years on I am earning less and got nowhere in the academia career from the point where I started: the bottom.

And speaking of truck drivers, they earn more than young physicians and in neighbouring Spain they earn a lot more than I do.

Greetings from Portugal (the miracle of Europe, so they say in Brussels!)

MM

ANSWER: I fully appreciate your perspective. Where you are perhaps too focused is on lumping all people with any wealth into a narrow category. That is like saying everyone who does not have wealth is on welfare. The categories of wealth you have mentioned are corruption and links to family. This typically involves politics. There are people who inherit money from their parents or have inherited a business. Typically, they say the first generation makes it, the second generation diminishes it, and third generation wipes it out.

This is why I believe we need to end career politicians and implement one-term limits to help reduce corruption. But additionally, there should be no income tax and that will go a great way to end bribing politicians for special treatment. At worst, there should be a flat tax which would also tend to end that. The rest of the corruption is centered on lobbying for regulation exceptions.

What you are experiencing is in truth taking place to all wage earners. The rise in taxation has been dramatic postwar and that has reduced the standard of living. On top of that, there is systemic inflation. Whatever they took from you for a pension 20 years ago is by no means the same today. This is how life insurance companies make their money. They sell you a policy today that is one million euros. But in 20 years, one million euros will buy a fraction of what it does today. I bought a Porsche in 1970 for $10,000. You cannot even buy a used one for that today. The purchasing power of the money routinely declines. People from Venezuela are being paid their pensions. They cannot even buy a cup of coffee today. This is the systemic corruption propagated by government overtime even if they never intended it to work out that way.

Taxpayers Have Been Paying for Sexual Harassment by Politicians


Believe it or not, those who make the laws have always excluded themselves from them in most cases such as insider trading in stocks to settlements for their personal conduct like sexual harassment.

At last, the House finally passed a bill that requires members of Congress to pay out of their own pockets for any sexual harassment settlements. Can you image that taxpayers have been paying for all the sexual abuse cases of politicians?

Vanity Fair published an essay by Monica Lewinsky in which she wrote that the question of whether her relationship with Clinton was consensual was “very, very complicated.”

“I now see how problematic it was that the two of us even got to a place where there was a question of consent,” she wrote. “The road that led there was littered with inappropriate abuse of authority, station, and privilege.”

In the Harvey Weinstein era, there is no question that you cannot have a sexual encounter with someone whose job is on the line. Bill Clinton’s pursuit of Lewinsky was unquestionably sexual misconduct. Paula Jones had said that Clinton sexually harassed her when she also worked for the Arkansas Industrial Development Commission back in 1991. Then there was Kathleen Willey who alleged that Clinton assaulted her when she was a volunteer at the White House in 1993. The third allegation of a person involving employment with Clinton was Juanita Broaddrick who alleged that Clinton raped her in a hotel room when she was volunteering for his Arkansas gubernatorial campaign back in 1978.

True, Clinton has denied all these allegations. However, the pattern of involving some work connection is clear and this is the conduct that is deeply concerning if taxpayers have to pay the bills. If there is no personal responsibility at risk, why not harass people sexually? That is the problem when the government pays for their misconduct, which would not be the case in the private sector. They go to jail (i.e. Weinstein potentially & then there is Epstein) and they pay their own bills.

Britain Brings Criminal Charges in LIBOR Fraud


Westminster magistrates court

Unlike the USA, the British courts and legal process are not as in bed with the bankers as they are in New York. They have brought to court today on criminal charges former brokers charged with conspiracy in the LIBOR interest rate fraud that continues to expand. This stands in stark contrast to the policy in New York City regarding the banks and brokers there as being the notorious UNTOUCHABLES. The US is like to also charge low-level brokers who have been dismissed, but never the major bankers.

In our own case, the SEC appeared before Judge Louis A. Kaplan who pointed out that the document used by the SEC to bring its charges was (1) a translation of a Japanese document that they fashioned as they desired, (2) the omitted the first page stating they were notes, and (3) misrepresented the fact that we stated we were “conservative” and used less than 10% for hedging employing futures. They the SEC argues we were trading yen futures and had their receiver liquidate those positions when they were the hedge since the notes were payable in yen.

9131999 Kaplan TR

Judge Kaplan pointed out that the first page was missing and that we disclosed we would be using futures yet still granted the SEC injunction stripping the company of any right to hire lawyers appointing Alan Cohen of Goldman Sachs as the receiver and O’Melveny & Myers as his counsel. So even when the documents used do not say what the government claims, they still win in New York City. Kaplan even stated in court that if using futures as disclosed was “conservative” as the SEC was pretending, then “the last ant I saw is an elephant.” Nobody seems to have understood what hedge currency even was. Do you think they will EVER admit a mistake – only unbiased people would do such a thing – TYRANTS NEVER DO! So it is just hopeless and they cannot see that this simply warns that you have to be out of your mind to place any money in NYC if you cannot defend yourself when the bankers rip you off. This is why London regained the status of being the Financial Capital of the World. Unless there is REAL prosecution of bankers, there can be no free market and capital will never be safe.

Britain has not yet shown it will prosecute the heads of banks involved – only low level brokers. If Britain wants to retain that crown, it has to set an example for the whole world to regain confidence in its legal system and its integrity that the USA sold to the highest bidder,

AG Bill Barr Defends John Durham Investigation, Praises FBI Director Chris Wray “Outstanding Support”…


Re-Posted from The Conservative Tree house on  by 

Earlier today Bill Barr gave an interview to Fox News on the sidelines of a law enforcement event in Chicago.  The U.S. Attorney General discussed the ongoing investigation by U.S. Attorney John Durham, and gave high praise to FBI Director Christopher Wray for his “outstanding support” therein.   [Link to Fox Interview Excerpt Video:

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(Via Fox) […] The attorney general said that while he’s assisting in connecting Durham with countries that could have valuable information, Durham is running the show.

“He is in charge of the investigation, I’m not doing the investigation,” Barr said, while describing Durham, the U.S. attorney for Connecticut, as “thorough and fair” and saying he’s making progress.

Further, Barr took an implicit swipe at Comey as he maintained current FBI Director Christopher Wray is cooperating.

“I do want to say that one of the reasons Mr. Durham is able to make the kind of progress he’s making is because Director Wray and his team at the FBI have just been outstanding in support and responsiveness given to Mr. Durham,” Barr said.

“As you know, I’ve said previously that I felt there was a failure of leadership at the bureau in 2016 and part of 2017, but since Director Wray and his team have taken over there’s been a world of change. I think that he is restoring the steady professionalism that’s been a hallmark of the FBI. I really appreciate his leadership there.” (read more)

This interview, and particularly the Barr perspective on FBI Director Wray, is challenging to reconcile against the historic behavior of the FBI under Wray’s tenure.   In order to reconcile Barr’s characterization of Chris Wray, those who follow the issues closely would have to ignore or suspend all disbelief in Director Wray’s conduct.

Here at CTH we accept the behavior, actions and statements by federal officials as they are, and not as we would wish them to be.  There is no action in evidence that would support Barr’s characterization of Wray; so it leaves the audience having to take a leap of faith that suddenly, in the past three months, Wray had some ‘come-to-Jesus’ moment.

Given the documented history of the FBI blocking transparency during Wray’s tenure at the helm of the FBI that’s simply a leap of faith we are unwilling to take.

Either Bill Barr is covering for Wray, just like he has done in the past for Rosenstein, with a goal of institutional preservation as his compass heading (Bondo Barr); or Bill Barr has some -as yet- unknown motive for presenting an alternate reality.

It’s up to you to make up your own mind.

June 2018:

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May 2019:

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In 2018 Christopher Wray undermined the Nunes memo and refused to present FBI documents for congressional review. Chairman Nunes, HPSCI; Chairman Goodlatte, House Judiciary; and Chairman Grassley, Senate Judiciary; each had requests for document production blocked by FBI Director Wray.

As a result of those roadblocks a list of declassification requests was presented to President Trump by congress. *AFTER* the 2018 mid-term election the bucket list for those still outstanding classified documents was handed to AG Bill Barr.

Barr was granted unilateral declassification authority in May 2019.

Not a single document has been declassified and released from that original list, by the DOJ or FBI; including the authorizing scope memos that were used in the Mueller investigation which concluded in March 2019 and still remain hidden today.   Those scope memos have no investigative value to the IG report on FISA abuse.

The only documents released to the public have come from a FOIA lawsuit brought by Judicial Watch to attain the Bruce Ohr 302’s, ordered to be released by a DC court, and the Comey memos which were released by the IG as part of the evidence underlying the IG report on James Comey activity.

No documents have been declassified by AG Bill Barr; and to this day the FBI still refuses (Flynn case) to unredact the Lisa Page and Peter Strzok text messages.

It defies credulity for Barr to say Director Wray has been of “outstanding support” while simultaneously the same FBI under Director Wrays’ authority has been the primary blocking mechanism for exculpatory evidence within the Michael Flynn case.

Those who choose to believe in the characterization of AG Bill Barr for Director Wray, have to choose to suspend all prior knowledge of the mountain of evidence that supports an entirely different characterization.

This suspension of disbelief is beyond my personal capability.  However, in the strongest of possible terms – I hope I’m wrong.  By disposition I accept the statements and actions of government officials as they are, not as I wish them to be.

Perhaps FBI Director Christopher Wray has, in the last 4 months, had a come-to-Jesus moment. However, that outlook would require me to possess a trusty-plan disposition.

Unfortunately, I lost that ability in August 2018 when the DOJ and FBI covered-up the demonstrably proven James Wolfe leak of classified information.

Lastly, to underline the Wray issues, and simultaneously provide evidence that is only tangentially connected to the current matters at hand…. it is worth remembering Christopher Wray in the ridiculous framework of the pre-midterm-election Cesar Sayoc case.

You might remember: FBI Director Christopher Wray outlined during his remarks that the Sayoc devices consisted of PVC pipe, clocks, batteries, wiring and “energetic material that can become combustible when subjected to heat or friction”.

The FBI director went out of his way to state: “these were not hoax devices.”  The DOJ then moved to seal all court filings, and the case against the nut continued behind the curtain of ‘national fucking security’.

I digress.