Tag Archives: Decepticon Caucus

Apr 1 2020

Rank and Vile – DOJ Inspector General Identifies 93 Percent Non-Compliance Within FISA Review – Issues So Bad IG Presents Interim Report Before Reviewing Details…


Posted originally on The Conservative Tree House on March 31, 2020 by 

After the DOJ Offfice of Inspector General (OIG), Michael Horowitz, presented his December 2019 findings of the FISA application used against U.S person Carter Page, the gross deficiencies and intentional fraud were so extensive the IG said he was going to review a sample of FISA applications to identify if the fraud and abuse was widespread.

The OIG began reviewing FISA applications from eight field offices (the proverbial “rank and file”).  The OIG selected 29 FISA applications from those field offices over the period of October 2014 to September 2019.  Additionally, every field office and the DOJ-NSD generate internal “Accuracy Reviews”, or self-checks on FISA applications; so the OIG inspected 42 of the accuracy review FISA files to determine if they were compliant.

The results were so bad the IG produced an interim memorandum to the DOJ and FBI [pdf link here].  Within the 17-page-memo the IG notifies Attorney General Bill Barr and FBI Director Chris Wray that all of the claimed FISA processes, in every field office, are grossly deficient, and in most cases there is zero compliance with FISA standards.  The IG memorandum is presented before the IG even looks at the specifics of the non-compliance.

Below is the report/memorandum.  Additionally I am summarizing the stunning top-lines identified by the IG memo:

  • The IG reviewed 29 FISA applications, surveillance warrants, used against U.S. persons.
  • The 29 FISA applications were from eight different field offices.
  • The FISA applications were from Oct/2014 through Sept/2019.
  • All of the FISA applications reviewed were approved by the FISA court.

The ‘Woods File’ is the mandatory FBI evidence file that contains the documentary proof to verify all statements against U.S. persons that are contained in the FISA application.  Remember, this is a secret court, the FISA applications result in secret surveillance and wiretaps against U.S. persons outside the fourth amendment.

♦ Within the 29 FISA applications reviewed, four were completely missing the Woods File.  Meaning there was zero supportive evidence for any of the FBI claims against U.S. persons underpinning the FISA application.  [ie. The FBI just made stuff up]

♦ Of the remaining 25 FISA applications, 100% of them, all of them, were materially deficient on the woods file requirement; and the average number of deficiencies per file was 20.  Meaning an average of twenty direct statements against the target, supporting the purpose of the FISA application, sworn by the FBI affiant, were unsubstantiated.  [The low was 5, the high was 63, the average per file was 20]

♦ Half of the FISA applications reviewed used Confidential Human Sources (CHS’s).  The memo outlines that “many” of applications containing CHS claims had no supportive documentation attesting to the dependability of the CHS.

♦ Two of the 25 FISA applications reviewed had renewals; meaning the FISA applications were renewed to extended surveillance, wiretaps, etc. beyond the initial 90-days.  None of the renewals had any re-verification.  Both FISAs that used renewals were not compliant.

But wait… it gets worse.

The DOJ and FBI have an internal self-check mechanism.  The DOJ National Security Division (DOJ-NSD) chief counsel, and the chief counsel for every FBI field office are required to conduct an “Accuracy Review” of selected FISA applications.  One per field office (25 to 30 field offices),which are also sent to DOJ-NSD (main justice) for general counsel inspection.

Keep in mind, these “accuracy reviews” are known in advance, so the FBI has all the time in the world to select the best FISA file for review.  Additionally, I surmise the OIG wanted to inspect the “accuracy review” FISA’s because they would show the best light on the overall system itself.  The OIG was looking for the best, most compliant, product to report on.

However, when the OIG inspected 42 of these Accuracy Reviews, the IG identified that only three of them had accurately assembled documents (Woods File) supporting the application.  The error rate within the files self-checked was over 93%.

So the best FBI files are selected to undergo the FBI and DOJ-NSD accuracy review.  The accuracy review takes place by FBI legal counsel and DOJ-NSD legal counsel.  However, the IG finds that only three FBI applications in the accuracy reviews were compliant.

The error rate in the files undertaken by the internal accuracy review was over 93% (3 compliant out of 42 reviewed).  These were the FISA files with the greatest possibility of being accurate.  Let that sink in…

Here’s the OIG Report/Memorandum:

Mar 29 2020

Dr. WHO and the Clintons


How did State Department view this fraud at the Global Fund?

Lee Cary image

Re-Posted from the Canada Free Press By  —— Bio and Archives—March 29, 2020

Dr. WHO and the ClintonsNote: Pictured above is Dr. Tedros Adhanom Ghebreyesus, Director-General of the World Health Organization (WHO.) He is the first WHO director-general who is not a medical doctor.  He holds a Doctorate of Philosophy (PhD) in Community Health from the University of Nottingham, and a Master of Science (MSc) in Immunology of Infectious Diseases from the University of London. From 2005-2012, he was Ethiopia’s Minister of Health.

Batman and Robin wade into the Swamp to out the Clinton Foundation

On March 23, 2019, this site posted an article entitled “Batman and Robin wade into the Swamp to out the Clinton Foundation”. The picture below is of two men swearing to tell the truth before a hearing of the House of Representatives, Subcommittee on Government Operations, on the afternoon of December 13, 2018.

These two are the “Clinton Foundation Whistleblowers”.

Only one Democrat House member showed up to ask questions—the appointed Democrat “delegate” from the District of Columbia. There weren’t enough people in the audience to field a baseball team.  It was the last Republican-led meeting of the subcommittee before the Democrats took control of the House. The chair, Rep. Mark Meadows, would later become President Trump’s Chief of Staff.

The witnesses were (right) John F. Moynihan, Principal, JFM & Associates, Compliance Advisory Group and (left) Lawrence Doyle, DM Income Advisors, Managing Partner. Think of them as bounty-hunter forensic accountants wading through the financials of the Clinton Foundation. If they can document tax fraud, they’re entitled to a percentage of the money owed to the government. And they believe they have sufficient documentation assembled.

Lawrence Doyle and John F. Moynihan

Oversight of Nonprofit Organizations, A Case Study on the Clinton Foundation

Doyle’s expertise comes from Wall Street where serious numbers-crunchers work.  Moynihan’s from the Drug Enforcement Agency (DEA), where experts in uncovering money-laundering search.

The title to their presentation was “Oversight of Nonprofit Organizations, A Case Study on the Clinton Foundation”.

For an enhanced appreciation of what follows, you might open the link to the March 23, 2019 post, and skim the article. It puts what follows into context.

Set-up: On March 27, 2020, the “Clinton Foundation Whistleblowers”—as they describe themselves—tweeted a multi-instalment thread that is consolidated below into a straight copy format, without editing. The full content of their tweet is in italics:

“Clinton Foundation Whistleblowers, (Doyle-Moynihan): In light of our current public health crisis, I expect we will be hearing more from/about the World Health Organization (WHO) and the need for more global government funding a la a new Global Fund. Stay with me. This gets good: 

The current head of WHO is a Dr. Tedros Adhanom Ghebreyesus, formerly the head of the Ministry of Health in Ethiopia, a speaker at the Clinton Foundation’s Clinton Global Initiative, and named chair of the board of the Global Fund in July 2009.

Tedros Adhanom’s tenure as board chair of the Global Fund

The Global Fund is an independent Geneva-based financing entity launched in 2002 to fight AIDS, Tuberculosis, and Malaria. The US government provides 1/3rd of its funding totalling $18B to date since inception. 

Not widely known or broadcasted is the fact that the Clinton Foundation and Clinton HIV/AIDS Initiative (an unauthorized and unapproved program by IRS codes) has been a sub-recipient of Global Fund money (Clinton HIV/AIDS Initiative Indonesia Independent Progress Report pages 8, 9, 11, 25, 51). 

During Tedros Adhanom’s tenure as board chair of the Global Fund, the organization gets rocked by claims of fraud and misappropriation of funds. The US House Committee on Foreign Relations drafts a report “to ensure that all necessary steps are taken to correct and prevent the misuse of Fund resources.” (page 6/10) The Congressional report and other reviews minimize the size of the fraud and misappropriation of funds. 

Others with a more discerning eye had a more critical take. “A full 67% of money spent on an anti-AIDS program in Mauritania was misspent, the investigators told the fund’s board of directors. So did [sic] 36% of the money spent on a program in Mali to fight tuberculosis and malaria, 30% of grants to Djibouti” (source)   

Who was minding the purse strings of USAID which was the source of funds that went from the US State Dept to the Global Fund at this juncture? Documents we sourced from the State Department show that none other than Secretary Hillary Clinton herself over saw the USAID funds. 

 

At the same time the Clinton Foundation and Clinton HIV/AIDs and Clinton Health Access Initiative were collecting millions in fees

How did State Department view this fraud at the Global Fund? From a letter we sourced written by the Government Accountability Project on April 22, 2016, we learned: “this documentation strongly indicates an irregular and improper collusion between the Global Fund” and the State Department in Washington that cost U.S. taxpayers hundreds of millions of dollars in the succeeding years. It is tantamount to fraud. 

At the same time the Clinton Foundation and Clinton HIV/AIDs and Clinton Health Access Initiative were collecting millions in fees, the Global Fund and also other recipients of Global Fund money who,  in turn, were donors to the Clinton Foundation (classic money laundering). These donors include the governments of Dominican Republic, Rwanda, and Lesotho. Where was the State Department IG while all this was going on? Oh, yes, that’s right there was no IG for the State Department during HRC’s tenure. How does that happen? Perhaps the same way a Secretary of State sets up a secret server. Rule of law, anybody? (Source)  

So when you hear from @BillGates and the World Health Organization @WHO and the Global Fund @GlobalFundand a host of others about WHO leader Tedros Adhanom, and for another version of the Global Fund to battle coronavirus, please retweet this thread.” [End Quote]
Below is the up-dated US Tax Court docket in the case of “Lawrence W. Doyle & John F. Moynihan v. the COMMISSIONER OF INTERNAL REVENUE.

The takeaways are these: (1) The Whistleblowers’ case is moving through that court system, although with sloth-like speed; and, (2) Batman and Robin are intrepid investigators on a mission that should give the Clintons pause.

For those who would like to track our Clinton Foundation Whistleblower case v IRS in the US Tax Court, check this link: United States Tax Court: Docket No.: 004865-19W..

 

Mar 17 2020

DOJ Drops Rosenstein and Mueller’s Nonsense Case Against Russian Company Concord LLC…


Posted originally on The Conservative Tree House on March 16, 2020 by 

Almost everyone who researched the substance behind Rod Rosenstein and Robert Mueller’s heavily promoted Russian indictments knew the underlying claims were centered on the thinnest of evidence.

A few Facebook memes were used to accuse Russian company Concord LLC of violating FARA and FEC election laws.

In July,2018, Robert Mueller asked a federal judge in Washington for an order that would protect the handover of voluminous evidence to lawyers for Concord Management and Consulting LLC, one of three companies and 13 Russian nationals charged in a February 2018 indictment. They are accused of producing propaganda, posing as U.S. activists and posting political content on social media as so-called trolls to encourage strife in the U.S.

Indeed, to an incurious media, a Russian catering company posting Facebook memes might sound like a good justification for a vast Russian election interference prosecution; however, when Concord & the accused Russians show up in court and request to see the evidence against them, well, the prosecutors might just have a problem.  It’s that problem that dogged the Mueller prosecution since 2018.   Today, predictably and finally, the DOJ dropped the nonsense case (full pdf below):

Here’s the Full Filing:

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The prosecution was always just a farce.  The ridiculous Russian indictments were only created to give some sense of validity to a premise that did not exist; and to allow the Robert Mueller investigation to continue operating when there was never a valid justification for doing so.

This was perhaps the biggest shell game operation, with a non-existent pea, using the DOJ and FBI to give the impression that something nefarious had happened; when factually the ‘Russian Conspiracy Narrative’ was all just one big hoax upon the American people.

The purpose of Robert Mueller was to create something, find anything, that would lead to their political allies being able to remove a sitting president.  Deputy AG Rod Rosenstein participated in that hoax for those intents….

This purposeful fraud has yet to be addressed.

Techno Fog@Techno_Fog
 · 

Wow.

The DOJ moves to dismiss the charges against the Russian Company (Concord) who conducted the alleged “information warfare against the US”

The troll case will be dismissed w/ prejudice.

How embarrassing for Team Mueller.

View image on TwitterView image on Twitter

Techno Fog@Techno_Fog

You can read the full Motion here:https://www.scribd.com/document/451950605/US-v-Concord …

This case has been quite entertaining. Concord attorney Eric Dubelier has, at time, run circles around Special Counsel and DOJ lawyers.

Starting with his claim that the DOJ “indicted the proverbial ham sandwich.”

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Techno Fog@Techno_Fog
 · 
Replying to @Techno_Fog

Because it’s quarantine time, here are Dubelier’s greatest hits in the Concord case.

In which Dubelier calls Special Counsel Jeannie Rhee a liar.

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Techno Fog@Techno_Fog

Concord lawyer Dubelier returns the Concord summons to Special Counsel Rhee because it doesn’t comply with the Federal Rules.

Dubelier: I find it disturbing that “you are already behaving in a manner that is inconsistent with the practices of the DOJ”

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Techno Fog@Techno_Fog
 · 
Replying to @Techno_Fog

Sidebar: the Concord case was EXCEEDINGLY dangerous because the DOJ twisted the law to fit these defendants.

The alleged illegal activities: Concord interfered with the FEC’s ability to determine whether “statutes were violated.”

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Techno Fog@Techno_Fog

Anyway, what was some of the illegal activity?

Bad memes posted by fake Facebook user “Bertha Malone”

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Techno Fog@Techno_Fog
 · 
Replying to @Techno_Fog

Concord lawyer Dubelier never let up.

From a 10/2018 hearing: “The real Department of Justice” never would have brought this case.

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Techno Fog@Techno_Fog

Mocking Mueller’s legal theories (partially via Tweetie Bird):

“‘Give a man enough rope and he will hang himself,’ the Special Counsel just did so.”

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Mar 16 2020

After Being Discovered Wasted and Naked in a Hotel Room With a Gay Male Escort and Bags of Crystal Meth, Andrew Gillum Says He Will Withdraw From Public Life…


Posted originally on The Conservative Tree House on March 15, 2020 by 

It was only a matter of time before the familiar “entering rehab” and “apologize to my family” excuse was trotted out by former Florida gubernatorial candidate and CNN contributor, Andrew Gillum.

After being discovered naked in a hotel room with an overdosed gay male escort and three bags of crystal meth next to the bed, Andrew Gillum says he is withdrawing from public life to deal with “deeper struggles”. Go figure:

TALLAHASSEE — Andrew Gillum said he would withdraw from public life, closing a chapter in his career that took him from the peak of Florida power to a Miami Beach hotel room where he was found inebriated with a man suspected of overdosing on crystal meth.

“This has been a wake-up call for me,” the former Tallahassee mayor said in a written statement Sunday. “Since my race for governor ended, I fell into a depression that has led to alcohol abuse. I witnessed my father suffer from alcoholism and I know the damaging effects it can have when untreated. I also know that alcoholism is often a symptom of deeper struggles.“

“I will be stepping down from all public facing roles for the foreseeable future,” he wrote.

Gillum said he would enter a rehabilitation facility. He apologized and asked for privacy.

The one-time gubernatorial candidate will give up the reins of Forward Florida, a political committee he founded to register and motivate voters to defeat President Donald Trump in the battleground state.

He also is stepping back from CNN, where he was paid commentator, a gig that made him a familiar face in the living rooms of voters.

Gillum’s friends say he’s been withdrawn from them, too, as he grapples with the destruction of his career and the challenge to his marriage. (read more)

Mar 13 2020

Amid Ongoing Fight FISA Will Lapse – McConnell Hopes to Assemble Vote Next Week, But Trump May Veto…


Posted originally on The Conservative Tree House on March 12, 2020 by 

The House Rules Committee previously released the text of proposed changes to FISA (full pdf).  The “deal” is intended to reauthorize the FISA “business records provision”, the “roving wiretap” provision, the “lone wolf” provision, and the more controversial bulk metadata provisions [Call Detail Records (CDR)], all parts of the Patriot Act.  However, key Senators and President Trump say not enough being done to change it.

The current FISA authorities expire on March 15th; it looks like they will lapse as Mitch McConnell tries to regroup for a possible vote next week.  McConnell was forced to delay consideration past the expiration date after Senators Mike Lee (R), Rand Paul (R) and  Ron Wyden  (D) said they would object.

WASHINGTON DC – President Trump told Sen. Mike Lee (R-Utah) on Thursday that he does not support a House-passed surveillance bill— raising fresh questions about the fate of the legislation.

A spokesman for Lee confirmed the conversation and that the president told the Utah Republican that he does not support the House legislation. Officials speaking for the White House did not immediately respond to a request for comment.

Lee and Sen. Rand Paul (R-Ky.) have been working to kill the House bill, including urging Trump to veto it if it reaches his desk, over concerns that it does not go far enough to reform the court associated with the Freedom Intelligence Surveillance Act (FISA). (read more)

The House legislation, negotiated by House Speaker Nancy Pelosi and Republican leader Kevin McCarthy, supports the requests of AG Bill Barr and would renew several provisions the FBI claims vital to fighting terrorism.

The House legislation updates the three expiring surveillance provisions, including one that permits the FBI to obtain secret court orders to collect “business records” on subjects in national security investigations. The main purpose of this section is researching Foreign Agent Registration Act (FARA) violations. Using the FISA process for anyone suspected of FARA violations is a bucket of deep state horse-poo. It’s essentially an excuse for surveillance of anyone in DC.

Another provision, known as the “roving wiretap” provision, permits surveillance on subjects even after they’ve changed phones. So long as the subjects are “foreign” that’s no big deal. However, if the account owner of the phone is an American…. well, you can see the problem. Again, more sketchy stuff from the DOJ.

The third provision “lone wolf” allows agents to monitor subjects who don’t have ties to international terrorism organizations. This is where any American can be suspected, accused, and with no oversight have secret surveillance authorized by the secret court. The surveillance is retroactive; meaning the warrant allows the DOJ/FBI to find evidence to support the application for the warrant.  Sketchy.

I find myself in alignment with Rand Paul who says the laws should be changed so that *ONLY* foreigners can be targeted by FISA, and for all investigative issues involving Americans the DOJ/FBI should be forced to go to a traditional Title-3 Court to ask for a search warrant or surveillance. This approach is a more reasonable assurance for Fourth Amendment protection.

(Via Associated Press) […] Republicans had been aggressively seeking changes to the law since the Justice Department’s investigation into Trump’s campaign and Russia, while many Democrats already had concerns about government surveillance.

At the behest of those Republicans, the House compromise takes aim at some of the missteps the Justice Department has acknowledged making during the Russia investigation. Applications under the Foreign Intelligence Surveillance Act to eavesdrop on a former Trump campaign aide were riddled with omissions and missteps, according to an inspector general report.

The measure would require that officers responsible for FISA applications certify that the department has been advised of any information that could undercut or contradict the premise of the surveillance. In the Russia investigation, some of the information the FBI omitted from its applications cut against the idea that former Trump adviser Carter Page was a Russian agent, the watchdog found.

Page has denied that and was never charged with wrongdoing.

The bill also would institute criminal penalties and other sanctions for making false statements to the secretive Foreign Intelligence Surveillance Court, which issues warrants to the FBI to eavesdrop on people it has probable cause to believe are agents of a foreign power. It would require the attorney general to approve in writing of an investigation if the target of the surveillance is a federal candidate or official.

Attorney General William Barr was involved in the negotiations with the White House and Congress, and he said Wednesday that he supports the bill.

“It is of the utmost important that the Department’s attorneys and investigators always work in a manner consistent with the highest professional standards, and this overall package will help ensure the integrity of the FISA process and protect against future abuses going forward,” Barr said.

But Barr’s support does not guarantee that Trump is on board. The president kept Congress guessing with a Thursday tweet that did not indicate how he would act. (more)

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Mar 12 2020

Judge Rejects Hunter Biden Attempt to Stall Deposition – Overall Case May Be Settled…


Posted originally on The Conservative Tree House on March 11, 2020 by 

Hunter Biden had attempted to use his fear of coronavirus in his attempt to avoid a deposition in a paternity and child support lawsuit against him.  However, Arkansas Judge Holly Meyer was having none of it.  [Ruling and order pdf]  The judge rejected all of the claims by Hunter Biden and told him to appear in court.

However, now that Hunter’s father, Joe Biden, is the presumptive Democrat nominee for president… it doesn’t come as a surprise to discover that early this morning a deal was reached to end the paternity and child support lawsuit.

Those who represent the interests of Joe and Hunter Biden have made a financial settlement agreement with lawyers for Ms. Lunden Alexis Roberts.

[pdf link]

As soon as the DNC Club decided to rally around Joe Biden as their nominee, the issues around Hunter Biden and his refusal to pay child support became an issue.   That’s why there is an agreement now to pay Ms. Lunden Roberts and Baby Roberts.

Mar 11 2020

FISA Deal – House Rules Committee Releases Text of FISA Agreement….


Posted originally on The Conservative Tree House on March 10, 2020 by 

The House Rules Committee is releasing text of proposed changes to FISA (full pdf below).  The “deal” is intended to reauthorize the FISA “business records provision”, the “roving wiretap” provision, the “lone wolf” provision, and the more controversial bulk metadata provisions [Call Detail Records (CDR)], all parts of the Patriot Act.

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(House Rules Link pdf)

Mar 10 2020

Tom Fitton: Reform Isn’t Going To Fix FISA Problems Without Accountability for Prior Abuse…


Posted originally on The Conservative Tree House on March 9, 2020 by 

In November of 2019 buried deep in the congressional budget Continuing Resolution (CR) was a short-term extension to reauthorize the FISA “business records provision”, the “roving wiretap” provision, the “lone wolf” provision, and the more controversial bulk metadata provisions [Call Detail Records (CDR)], all parts of the Patriot Act.  As a result of the FISA CR inclusion the terminal deadline was pushed to March 15, 2020.

~ Something has to happen this week ~

AG Bill Barr traveled to Capitol Hill today for meetings with House and Senate leadership.  However, Tom Fitton is correct in this interview.  Nothing currently being called “reform” is going to address abuse when those who abused the system are not held accountable.

Mar 10 2020

Slip Showing – Nikki Haley Endorses Swampy Kelly Loeffler Over Doug Collins in GA Senate Race…


Posted originally on The Conservative Tree House on March 9, 2020 by 

One of the biggest fears I have is that in 2024 people will not understand just how bad Nikki Haley is.

Electing Haley after President Trump in 2024 is the equivalent of electing George Bush following Reagan in 1988.  This scheming, conniving, lying and corrupt politician is worse than John McCain, George Bush and Mitt Romney combined.

Nikki Haley is bad news.  Very bad news.

Today Romney in a skirt, aka Nikki Haley, endorsed Kelly Loeffler over Doug Collins for the Georgia senate seat.

[…] Haley, a Republican governor of South Carolina before serving as the Trump administration’s U.N. ambassador, headlined a campaign event in Marietta, Georgia, and officially endorsed Loeffler’s election bid. The rally, which was billed as Loeffler’s biggest since being appointed to the seat, was aimed at shoring up GOP support for her campaign. (read more)

Kelly Loeffler was appointed by Georgia Governor Kemp because Loeffler is married to Jeffrey Sprecher; a GOPe party insider, mega-donor, and multi-millionaire CEO of the Intercontinental Exchange (ICE).  Jeffrey Sprecher is the founder and CEO of ICE, which now owns the New York Stock Exchange. Kelly Loeffler’s company, the financial platform Bakkt, is a subsidiary of the Intercontinental Exchange.

No doubt Mr. Sprecher (pictured above circled) leveraged his network and political influence upon Governor Kemp to get his well-connected wife appointed.  Jeffrey Sprecher likely also worked with with Mitch McConnell to install his wife, onto the Senate Agriculture Committee.  McConnell made the appointment.  Loeffler now has oversight over her and her husbands’ stock exchange interests.

Corrupt as hell.  All of it.  Insider party schemes, combined with Deep Swamp politics and personal influence puddling for financial interests.  The familiar network of personal financial benefit.   In 2012 Mrs Loeffler donated $750,000 to Mitt Romney’s Super PAC.

Political connections is why Kelly Loeffler was selected by Governor Kemp, and that same pay-to-play political network is exactly why Nikki Haley has endorsed her in the upcoming election.  I have ZERO doubt Loeffler’s husband will be providing considerable financial payments to Nikki Haley in her run for the presidency.   Transparent swamp dealing.

Jeffrey Sprecher owns the largest stock exchange in the world: the New York Stock Exchange. It has more than 2,400 listed companies and has a market capitalization of about $22.9 trillion.   Gee, and Nikki Haley endorses…. go figure.

GEORGIA – […] In recent interviews, nearly a dozen ethics experts in Washington said the entanglement of Loeffler’s public and private interests has few, if any, recent precedents in Congress.

ICE deploys lobbyists to influence federal regulatory agencies and Congress, including committees on which Loeffler now sits. Loeffler’s husband and other ICE executives often testify at congressional hearings. And, when she was ICE’s senior vice president for corporate communications, Loeffler herself publicly criticized the company’s primary regulator, the Commodity Futures Trading Commission, for proposing “excess regulation” during the financial crisis of the late 2000s.

That commission answers directly to the Agriculture Committee’s commodities subcommittee, of which Loeffler is now a member. (link)

 

Mar 9 2020

Black Swan!


“Only thing we have to fear is fear itself”  FDR 1933

As I write this the Dow futures are down 1,200 points. Oil is down over 20 percent. Gold is way up—no wait, it’s going sideways and silver back down under $17. So much for safe havens. Precious metals are also considered commodities and are now treated as such. Everything is getting punished and many bubbles will get popped.

The coronavirus is the trigger that is causing the crash. It’s a crash that should have happened in 2008. Instead the banks were bailed out and even rewarded for their criminality with taxpayer-paid bonuses. Lower rates and never-ending QEs caused the stock market to skyrocket to outrageous highs. It seemed like it would only go up and the party would never end.

Now the party’s over. Debt is turning out the lights. There’s a huge amount of debt everywhere in the system. Everyone got way too greedy and overextended including the ChiComs. Some conspiracy theorists are saying they released the virus intentionally to do away with a few hundred surplus workers. Their economy was due to crash and they know the virus is a good distraction from that.

In America we have a $23, soon to be $24 trillion national debt. It’s so much that most ignore it as something meaningless. A billion is a number that’s difficult enough to comprehend. A billion minutes ago, Jesus walked the Earth. Every two hours, the US Government spends $1 billion. It’s all debt money, and the interest must be paid back to the Federal Reserve’s private central bankers. Maybe this crash will open eyes and we can finally jettison the vile system of money that has plagued hard-working US citizens for over 100 years. Our corrupt banking system also allows fractional reserve lending, which means more debt. Corrupt politicians have given the ’too big to fail’ big banks permission to become casinos and now they’ve run up over a quadrillion in derivative bets.

The average consumer is nearly maxed out on credit cards and paying the robber baron bankers an outrageous interest rate. The bankers create that ‘unsecured’ debt money out of thin air.

It’s all a con game. It’s all fake. Still, as Ayn Rand once said, “We can ignore reality, but we cannot ignore the consequences of ignoring reality.

We should have faced those consequences long ago. Hold on—we’re in for a rough ride that will be difficult to ignore.

—Ben Garrison