Posted originally on the conservative tree house April 25, 2021 | Sundance | 137 Comments
Senator Rand Paul appears on Maria Bartiromo to discuss the ongoing ramification from current leftist policy as being produced on Capitol Hill. The interview begins with Senator Paul discussing the leftist definitions of ‘infrastructure’ and how left-wing groups are beneficiaries of trillions of taxpayer funds.
On the economic ramifications Senator Paul notes the impact of massive capital gains increases and how increasing corporate income taxes only provides incentives for national companies to establish themselves overseas to avoid tax liability. The multinational corps, those already positioned overseas, do not have the same risk exposure to corporate tax increases, thus they do not oppose legislation that hurts national business and small U.S. corporations.
Overall the points made by Rand Paul are all valid; however, those in DC still hold back from pointing out the intent of the JoeBama group – that’s frustrating. This game where incompetence is claimed under the guise of ‘benefit of doubt’ is a severe weakness within the GOP. The refusal to aggressively confront Obama 3.0 is beyond frustrating.
Anyone who believes Democrats own exclusive opposition to the America First principles are completely ignoring the deliberate construct of the republican party. There are just as many -if not more- natural enemies within the Republican apparatus as there are within the Democrat group. “America-First” is antithetical to the UniParty.
The frustration amid the MAGA community is valid. Everything about it is righteous. The mechanisms that run the system in DC must be deconstructed if we are to win the battles and the war against this massive enemy. We have the largest coalition of American patriots on our side; however, there are only a handful of representatives willing to confront with the needed ferocity.
Multinationals want control; some call that corporatism…. but the names are moot. Multinationals want control, and capitalism does not allow them control; that is why multinationals do not want capitalism. Multinationals use lobbyists to generate regulations that stall competition.
Multinationals do not want competition; they are, by nature of their interest, anti-capitalists.
This misunderstanding is everywhere.
Most people think when they vote for a federal politician -a House or Senate representative- they are voting for a person who will go to Washington DC and write or enact legislation. This is the old-fashioned “schoolhouse rock” perspective based on decades past.
There is not a single person in congress writing legislation or laws. In modern politics not a single member of the House of Representatives or Senator writes a law, or puts pen to paper to write out a legislative construct. This simply doesn’t happen.
Over the past several decades a system of constructing legislation has taken over Washington DC that more resembles a business operation than a legislative body.
The for-profit groups (mostly multinational corporations) have a purpose in Washington DC to shape policy, legislation and laws favorable to their interests. They have fully staffed offices just like any business would – only their ‘business‘ is getting legislation for their unique interests.
These groups are filled with highly-paid lawyers who represent the interests of the entity and actually write laws and legislation briefs.
In the modern era this is actually the origination of the laws that we eventually see passed by congress. Within the walls of these buildings within Washington DC is where the ‘sausage’ is actually made. Again, no elected official is usually part of this law origination process.
Almost all legislation created is not ‘high profile’, they are obscure changes to current laws, regulations or policies that no-one pays attention to. The passage of the general bills within legislation is not covered in media. Ninety-nine percent of legislative activity happens without anyone outside the system even paying any attention to it.
Once the corporation (multinational) or representative organizational entity has written the law they want to see passed – they hand it off to the lobbyists.
The lobbyists are people who have deep contacts within the political bodies of the legislative branch, usually former House/Senate staff or former House/Senate politicians themselves.
The lobbyist takes the written brief, the legislative construct, and it’s their job to go to congress and sell it. “Selling it” means finding politicians who will accept the brief, sponsor their bill and eventually get it to a vote and passage.
Corporations (special interest group) write the legislation. Lobbyists take the law and go find politician(s) to support it. Politicians get support from their peers using tenure and status etc. Eventually, if things go according to norm, the legislation gets a vote.
Within every step of the process there are expense account lunches, dinners, trips, venue tickets and a host of other customary financial way-points to generate/leverage a successful outcome. The amount of money spent is proportional to the benefit derived from the outcome.
The important part to remember is that the origination of the entire process is EXTERNAL to congress.
Congress does not write laws or legislation, special interest groups do. Lobbyists are paid, some very well paid, to get politicians to go along with the need of the legislative group. When a House or Senate member becomes educated on the intent of the legislation, they have attended the sales pitch; and when they find out the likelihood of support for that legislation; they can then position their own (or their families) financial interests to benefit from the consequence of passage. It is a process similar to insider trading on Wall Street, except the trading is based on knowing who will benefit from a legislative passage.
When we understand the business of DC, we understand the difference between legislation with a traditional purpose and modern legislation with a financial and political agenda.
If you know a better solution to this mess than repeal of the 17th amendment, I am all ears.
If, as the constitution outlined, the Senate were still a place where all legislation required a 2/3 majority for passage; and if, as the constitution outlined, the Senate were a body filled with representatives selected by State Houses instead of popular election – then perhaps Senators could not be purchased by multinational interests. Alas it is not.
Passage of the 17th amendment took away the very intentional roadblock of the Republican framework that Jefferson spoke of when he called it a saucer to cool the hot emotional tea of short-sighted legislation. The constitution outlined consent as “two-thirds” (66), which was progressively watered down to become “three-fifths” (60) as the majority rule; and substantively, as it now stands according to democrats objectives, one-half plus one (51).
We are on the precipice and the GOP operate as if the constitution burning can be restored if they just reach across the aisle more.
Armstrong Economics Blog/Civil Unrest Re-Posted Mar 9, 2021 by Martin Armstrong
Resistance is NOT futile! They have a very short window for their Tyranny.
Armstrong Economics Blog/Armstrong in the Media Re-Posted Mar 9, 2021 by Martin Armstrong
Posted originally on the conservative tree house March 8, 2021 | Sundance | 426 Comments
Rich entitled multi-millionaires launch an attack against rich entitled multi-billionaires while resting comfortably in a residence paid for by the benefactors they attack.
If I searched for 24 hours I doubt I could find a f**k for me to give them. However, that said, these elitist pontificating silver-spoon weirdos must have an agenda to position themselves as a victim for some reason. Most likely they are seeking relevance, personally and financially, by requesting sympathies from the ever-sensitive U.S. ‘fee-fee’ tribe.
Prince Harry literally does this while his grandfather Prince Phillip is on his death-bed. What a self-indulgent @ss.
Oh, and President Trump was obviously correct…..
(VIA AP) – The implications for the interview — which was broadcast Sunday evening in the United States and will air in Britain on Monday night — are only beginning to be understood. Emily Nash, royal editor at Hello! Magazine, said the revelations had left her and many other viewers “shell-shocked.”
“I don’t see how the palace can ignore these allegations, they’re incredibly serious,” she said. “You have the racism allegations. Then you also have the claim that Meghan was not supported, and she sought help even from the HR team within the household and was told that she couldn’t seek help.”
The younger royals have made campaigning for support and awareness around mental health one of their priorities. But Harry said the royal family was completely unable to offer that support to its own members.
[…] The couple had faced severe criticism in the United Kingdom before the interview. Prince Philip, 99, is in a London hospital recovering from a heart procedure, and critics saw the decision to go forward as being a burden on the queen — even though CBS, rather than Harry and Meghan, dictated the timing of the broadcast. (read more)
Cue the Prescient Trump soundbite…
Armstrong Economics Blog/BRITAIN Re-Posted Mar 8, 2021 by Martin Armstrong
COMMENT: Well Marty, I guess you ever holding another WEC here in London will never happen. I feel like I am in prison.
REPLY: Europe is totally in the hands of Klaus Schwab and his World Economic Forum which is pushing this new Global Marxist Takeover. I do not think I will ever see London again. These new laws of 10 years in prison for failing to reveal where you have been in Britain are just ruthless. Prime Minister Boris Johnson is imposing new border restrictions that could include systematic quarantine for all visitors from abroad and the use of localization and facial-recognition technology to check that people required to do so remain in isolation. I don’t think you will see American tourists watching the changing of the guard.
Meanwhile, in France, Macron is moving to impose a third lockdown with his communist medical experts and scientific government advisors demanding total lockdowns to further the total destruction of the European economy. Macron has called up 4,400 officers to enforce a 6 pm curfew in Paris amid compliance concerns.
Then Merkel in Germany said back in January that she was considering extending Germany’s lockdown until April in an effort to contain what she reportedly called the ‘British virus.’ Then on March 3rd, 2021, Germany extended its lockdown by three weeks until March 28th, yet claiming it would ease some restrictions to allow nonessential stores and other businesses to reopen in areas with relatively low infection rates.
Europe is finished. It is totally in the hands of the World Economic Forum. Forget tourism and all of this is being imposed deliberately to destroy the economy so they can BUILD BACK BETTER. You cannot rebuild anything until you destroy it. Curiously, they have always blamed Nero for burning down Rome so he could build his Golden Palace. It looks like this time it is Klaus Schwab who I predict history will NOT treat kindly when freedom to write returns.
Like the Euro, they never allowed the people to really vote on joining that currency in Germany. Kohl stated he acted like a dictator because he knew he would lose. This is the very same thing. They are using this virus to terrorize people so they can destroy the economy and then BUILD BACK BETTER – Green!
It certainly appears that the British pound is still very much at risk of making new historic lows into 2022. The destruction of the British economy is just astonishing. Johnson managed to create a drop in GDP of nearly 10% in 2020 – the worst decline in 300 years. He appears to be trying to do a better job this year with hopes of creating a 15% decline.
Meanwhile, in the United States, John Kerry is the Davosman, and Biden is signing executive order after order and has never made a single speech since taking office – no president has ever done this! This begs the question who is really running the government right now? This has been the greatest fear with Biden that he is not all there and Harris, with no international experience whatsoever, is going to take the role of international relations. The Deep State is in full control and Schwab seems to have at least a few strings into the White House.
Armstrong Economics Blog/European Union RePosted Mar 4, 2021 by Martin Armstrong
The Central European countries are forming a block uniting AGAINST the rise of Marxist/Communism emerging from Brussels. I have been in contact with reliable sources and I can still confirm that I do not see how Schwab and his associates will succeed. It is impossible for them to conquer the world with their leftist Great Reset. Even the proposition that you will own nothing and be happy does not seem plausible insofar as success is concerned. They are counting on allowing the borders to be flooded with people from the third world to use that to overpower the domestic citizens.
I do not see China, Russia, or Central Europe lining up to kiss the ring of Klaus Schwab. I do not care how much money Gates and Soros throw in bribes behind the curtain to support the Great Reset. They will seriously damage the economy of the West by shifting the financial capital of the world to China, but they will not conquer the world as they are the real “Dreamers” in the equation.
Armstrong Economics Blog/Italy Re-Posted Feb 24, 2021 by Martin Armstrong
Many people have written in to say this is all too depressing. I explain that by posting what is taking place globally, you can see that RESISTANCE IS NOT FUTILE. I reported previously how the police in Naples turned and joined the protesters. Now the same is taking place in Rome. The people are starting to rise up. One reader just wrote in about Pennsylvania. Resistance is starting to appear everywhere. It is building as we move into 2022. Schwab, you better head to Mars sooner than later as you list among your 8 predictions for Agenda 2030!
There are more businesses pushing back now and not following Gov Wolf’s mandates and business guidelines. Following the 3 week shutdown that covered Christmas and New Years, when many businesses that were supposed to shutdown, did not shutdown and remained open for the duration in defiance. Now many businesses are following up with not enforcing the mask mandates, capacity restrictions, travel restrictions and other mandates, that many are just ignoring. Now there still are some true believers, but many in this area of PA are just moving on. A lot are just saying NO to the prick (Fauci and vaccines). Will be interesting to see where this all goes
Armstrong Economics Blog/Civil Unrest Re-Posted Feb 21, 2021 by Martin Armstrong
Spain has imprisoned a rapper for insulting the government in his Tweets. Barcelona and many other Catalan cities, along with Madrid have been erupting in civil unrest as people protest to demand the freedom of rapper Pablo Hasel, who the government sentenced to prison for nine months because of his tweets which were insults against the Crown and the police. These protests, which began in Barcelona against the Mossos d’Esquadra, the Catalan police force, which in turn responded with smoke bombs. These protests are reflecting the frustration over the lockdowns which have erupted into riots, fires, and even looting.
The build-up of frustration has led to civil unrest erupting on just about any excuse. This is more than just a protest over the wrongful imprisonment of Pablo Hasel. This is simply a reflection of the totalitarian state that governments are trying to impose using this virus as the justification to hide their real agenda – the Great Reset.
Armstrong Economics Blog/BRITAIN Re-Posted Feb 17, 2021 by Martin Armstrong
EURONEXT has now beaten out London retaking back the financial capital insofar as stock trading is concerned thanks to Boris Johnson and of course BREXIT. The numbers are in and Amsterdam surpassed London with an average of €9.2bn shares a day traded on Euronext in January 2021, which was been a 400% increase over December compared to London trading which dropped to €8.6bn retaking its historic position that existed before the Dutch lost it to London.
In 1689, the English Parliament declared that James II had abdicated by deserting his kingdom which was to exclude him and his Stuart heirs because they were all Roman Catholics. Parliament declared that “it hath been found by experience that it is inconsistent with the safety and welfare of this protestant kingdom to be governed by a papist prince”. Thereafter, the Sovereign was required in their coronation oath to swear to maintain the Protestant religion. Parliament in turn offered the throne to William (reigned 1689-1702) and Mary (reigned 1689-94) as joint monarchs.
They had to accept a Bill of Rights drawn up by a Convention of Parliament thereby restricting the Sovereign’s power and reaffirmed Parliament’s claim to control taxation and legislation. Hence, therefore, this Bill ensured Parliament could function free from royal interference forbidding all future sovereigns from suspending or dispensing with laws passed by Parliament in addition to maintaining a standing army in time of peace without Parliament’s consent. Moreover, the sovereign was also forbidden to impose taxes without Parliamentary consent. It was the lack of representation in Parliament by the American colonies which gave rise to the no taxation without representation slogan of the American Revolution.
One of the Dutch William’s main reasons for accepting the English throne was to reinforce the struggle against Louis XIV of France. William’s foreign policy was dominated by the priority to contain French expansionism. England and the Dutch joined the coalition against France during the Nine Years’ War, 1689-1697. Eventually, France was compelled to recognize William as King of England under the Treaty of Ryswick (1697),
The Bank of England was established in 1694 as the expertise from Amsterdam was imported to London. The Bank of England was used at first to raise money for the war by borrowing. It did not circumvent the King’s financial reliance on Parliament, as the national debt depended on parliamentary guarantees. Yet, William’s Dutch advisers were resented in London. In fact, in 1699 his Dutch Blue Guards were forced to leave the country.
The Royal Exchange had been founded by English financier Thomas Gresham and Sir Richard Clough on the model of the Antwerp Bourse. Gresham represented the English crown in Antwerp. Gresham convinced the Crown to open the Royal Exchange in London in 1565 using the Antwerp model. However, it was first known as “the Bourse” until Queen Elizabeth I, after a visit on January 23, 1570, changed its name to the Royal Exchange. It was opened by Elizabeth I of England in 1571. Gresham saw the need for a central place where foreign exchange dealers could meet and conduct business. He recognized the deplorable state of the money supply and that this now made foreign exchange dealers a necessity for trade. He constructed the London Exchange between 1566-1568. It finally received royal recognition and thus it became known as the Royal Exchange in 1571. Unfortunately, it was completely destroyed in the Great London Fire of 1666.
Actually, during the 17th century, stockbrokers were not allowed in the Royal Exchange because they were regarded as rude huxters. Stockbrokers were seen as a lower class compared to foreign exchange and debt. They were confined to off-exchange establishments such as Jonathan’s Coffee-House. Where Llyod’s Coffee House emerged as the place for insurance eventually becoming Lloyd’s of London, the stockbroker began in a coffee house administered by John Castaing who first began listing the prices of a few commodities, such as salt, coal, and paper in 1698. This eventually moved to Garraway’s Coffee House where public auctions began to emerge. They would last based on the length of a tallow candle that could burn. They became known as “by inch of candle” auctions. As the activity grew, the trade began to attract more companies forming which became an IPO market to raise capital. These are the earliest evidence of organized trading in marketable securities in London which was the resurrection of stock trading from Ancient Rome.
The Royal Exchange established by Thomas Gresham was destroyed in the Great Fire of London which was a major event that swept through the central parts of London from Sunday, September 2nd to Thursday, September 6th, 1666. The fire actually destroyed the medieval City of London which was inside the old Roman city walls. Eventually, the Royal Exchange was rebuilt and re-established in 1669. It was at this time that the stockbrokers joined the Royal Exchange bringing an end to the coffee house period. However, the second Royal Exchange also burned down, on January 10th, 1838. It had been used by Lloyd’s insurance market, which was forced to move temporarily to South Sea House following the 1838 fire.
The current Royal Exchange building was constructed in 1840 and stands opposite the Bank of England. Gresham’s Royal Exchange surpassed Antwerp first because of the fire in 1583 which destroyed the Bourse. Yet it was immediately rebuilt to the same plan. Then came the Siege of Antwerp (1584-1585) and the surrender to the Spanish Army which killed the Dutch trade. Antwerp was simply unable to compete with Amsterdam and London.
What is most curious is that 2021 is precisely 314 years from the birth of Great Britain. The events from the year 1707 created on May 1st the Treaty of Union and its ratification by the 1707 Acts of Union. The fact that Amsterdam has retaken the lead in stock markets seems to be right on schedule.
Boris Johnson has destroyed the British economy and produced just about a 10% decline in GDP for 2020 – the worse collapse in 300 years! So here we have Amsterdam overtaking London in 2021 which is 314 years from the birth of Great Britain. It is amazing how rapidly Boris Johnson has wiped out the British economy.