US Govt Targets Private Enterprise – Eminent Domain – Private Property and Patents at Risk


Posted originally on Feb 21, 2024 By Martin Armstrong 

EminentDomainCartoon

A recent measure from the Biden Administration touted as a solution to lower prescription drug costs has a more sinister motive. The Bayh–Dole Act or Patent and Trademark Law Amendments Act of 1980 permitted researchers to own the patents of their products developed through government funds. The legislation permitted “march-in” rights that enabled these agencies to grant a license on their patents to third parties. For the first time in four decades, the federal government wants to invoke this measure as they are losing both money and power amid this private wave.

Codified by 35 U.S.C. S 203, the march-in rights permit the federal government to require contractors to hand over “nonexclusive, partially exclusive, or exclusive license” to a “responsible applicant or applicants.” Around 5% of patents were licensed out before the Bayh-Dole Act compared to around 69% today. On the surface, one may view this as an effective way to push back against prescription price gouging but this is an outright attack on private enterprise.

This measure is not limited to prescription medications as it expands to ever patent created through government funds, meaning every single industry could be usurped by Washington. Had the government actually wanted to lower prescription prices, there are countless measures and legislations that they could pass to do so. Instead, they are directly targeting private enterprises, no different from any communist nation.

Unconstitutional

Seizing private property has never benefitted the people of any nation. It has been attempted and tried countless times and always results in disaster. The Founding Fathers deliberately forbid this from happening in the Fifth Amendment of the US Constitution.

Amendment V

No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a grand jury, except in cases arising in the land or naval forces, or in the militia, when in actual service in time of war or public danger; nor shall any person be subject for the same offense to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.

Most know the right to remain silent provided by the Fifth Amendment. There is a “takings clause” clearly written in the Constitution that forbids the government from seizing private property.

The US Supreme Court misconstrued this clause in KOHL v. US , 91 U.S. 367 (1875). The government decided to seize private property from landowners in Cincinnati to create public infrastructure. This case is largely cited as the beginning of eminent domain discussions and the US Supreme Court ruled in favor of the Federal government, so long as they provided “just compensation.” The court ruled that the government may asses the value and pay whatever they wish.

JamieDimon

The government and globalists have been searching for ways to use to ruling to seize private property. Most cases surrounded public infrastructure until recently. In 2023, JPMorgan Chase CEO and World Economic Forum member Jamie Dimon told shareholders that  “governments, businesses and non-governmental organizations” may need to invoke “eminent domain” in order to get the “adequate investments fast enough for grid, solar, wind and pipeline initiatives.”

The power provided by the pandemic tipped the scales in favor of the government over the people. Implementing socialism would be the fast-track way to achieve the World Economic Forum’s objective—YOU WILL OWN NOTHING AND BE HAPPY. Dimon suggested using the excuse of climate change to usher in the Great Reset. “The need to provide energy affordably and reliably for today, as well as make the necessary investments to decarbonize for tomorrow, underscores the inextricable links between economic growth, energy security and climate change. We need to do more, and we need to do so immediately,” Dimon added in his message to shareholders.

Then, the US government began quietly seizing farmland, particularly in South Dakota. Summit Carbon Solutions invoked eminent domain to seize private property to build a clean energy solution pipeline. Farmers reported receiving unannounced visits from surveyors who, at times, entered their personal residences without notice. The farmers were threatened and warned not to interfere in the plans to destroy their businesses. Over 80 farmers attempted to sue the company, but many were placed in contempt of court for speaking out. The US government ruled that it was legal and acceptable for Summit Carbon Solutions to seize property in the name of climate change.

Maximinus AE Denominations

History repeats as human nature NEVER changes. Look back at the Roman emperor Maximinus I (235-238 AD) who effectively declared all wealth in the country belonged to the state. He paid bribes to anyone who turned in their neighbor for hiding wealth. Once Maximinus wiped out small businesses in this manner, it led to a collapse in confidence in the economy. Commerce rapidly declined from there on out commerce and businesses did not restart. There was no Great Reset. In that instance, one Pi Cycle marked the bottom of the Roman economy from 237 AD to 268 AD (31 years).

The US government will seize more than just land in this most recent abuse of power. Our liberty is on the line and the government is seizing our rights at a rapid pace. We are entering a period of COMPLETE TOTALITARIANISM as we move toward 2032. Governments are losing control in this private wave, and the old methods of controlling the masses are not working; they are laying out the groundwork to take the utmost extreme measures to force the people to become entirely subservient to the system.

NYC Sanctuary for Non-Americans – All Others Pay Up


Posted originally on Feb 20, 2024 By Martin Armstrong 

The Investment Boycot Against NYC Has Begun


Posted originally on Feb 20, 2024 By Martin Armstrong 

2024_02_20_18_28_13_Businessmen_Say_They_Will_No_Longer_Invest_in_New_York

The reaction to this bogus decision against Trump is just overwhelming. I cannot even tell you how many emails have come in, all getting the point and confirming it is time to get the hell out of New York. They have shown the entire world that no rule of law is left standing.

Country Risk

As an international hedge fund manager, the #1 assessment you need to make is COUNTRY RISK. Is it safe to invest there, and is there a robust rule of law that you can count on to secure your investment? That is why you do not invest in countries like Iran, for they had their revolution and nationalized all private assets. Russia did the same during the Communist Revolution of 1917.

Georgia 1778 Tory Confiscation Note

Even during the American Revolution, they confiscated the assets of anyone who supported the king. Those confiscated assets became the backing for currency.

City State Risk

Now we have City & State Risk. There is already a mass migration underway from Blue States to Red States. This will only accelerate this advance. I am warning clients that the longer they wait to have property to sell in NYC, the greater the loss they will face. Sell now before there is no bid.

Rule of Law Justice

The Rule of Law has completely collapsed in New York City. It is no longer investment grade for there is no possible way to secure your property. One lawyer who wrote in, and here are his comments, which need to be reviewed carefully:


Hi Martin.

I have three things to pass on to you:

First, you are absolutely correct. Does the majority of the New York business community really know what Judge Engoron did? …  Engoron and Hochul confirmed that New York is a “connection-based society” not a “contract-based society,” or, as you say “corrupt to its core.” All the assurances by the Governor Hochul that businesses should not fear the civil action the state filed against Trump and the money judgment Engoron rendered, and that there’s nothing to worry about, is just another confirmation that New York is now completely a “connection-based society.” The governor even confirmed that she could, but won’t, overrule Engoron proving that in New York the branches of government are intermixed. … Hochul does not realize that her comments were damaging not reassuring. What fool will trust her and New York now. My solution: Sell all equities of companies that have their headquarters or domicile where they could be subject to the jurisdiction of New York and can be sued under the same laws Trump was.

Second, it is a correct move to challenge the definition of “fraud.” In the mid-1980s I was lead plaintiff’s counsel in the first civil RICO suit filed against a financial institution in … . The case was allotted to a judge like Engoron. That judge ran me through the ringer, but I kept the case alive. At one point the court was toying with the question “What is fraud?” The court was trying to find yet another way to dismiss the case and require me to re-plead it. I did a massive study of fraud. I even read John T Nonan’s book entitled Bribes. The definitions of fraud in our state and federal courts are too many to count, but I finally boiled it down to the essential elements, i.e., all those that absolutely MUST be present or there is no fraud.

This is the definition I found that applies to ALL cases no matter how the elements are worded is this: FRAUD IS THE VOLUNTARY TRANSFER OF SOMETHING OF VALUE BY DECEIT. The occurrence sued on and alleged to be fraud MUST be (1) VOLUNTARY, (2) A TRANSFER, (3) OF SOMETHING OF VALUE, (4) BY DECEIT. If any of these four elements are missing, it’s not fraud. Obviously, New York is missing the transfer element which, I think, makes each of the other elements a non sequitur and meaningless.

Third, cities and states have found new ways to increase revenue by twisting laws and our basic societal framework of separate branches of government. As you have long maintained, they are on a hunt for taxes. From 2000 to 2005 I was a Deputy City Attorney for the City …. We handled the civil legal affairs of the city, not the criminal cases. After I left, … , a lawyer contacted me and asked me to analyze the facts of a case he thought he had. I found that … had changed its procedures regarding blighted property to avoid the courts of the judicial branch. The city established a list of huge fines for properties that were cited with code violations. The fines accrued interest after a certain time period passed, and the property owner did not correct the violations.

The procedure was unconstitutional because no judge EVER reviewed or had ANY role in the proceedings to collect the fines and interest. A hearing officer (executive branch) would assess a fine and give the property owner a specific amount of time to correct the violations. He would prepare and sign an “administrative” judgment setting forth his findings, rulings and assessing the fine plus interest. If the time elapsed and the violations were not remedied by the property owner, the Clerk of Court (executive branch, ministerial powers only, no judicial powers) of the state court in … would issue a request for seizure and sale to the … Civil Sheriff (executive branch, ministerial powers only, no judicial powers).

The Civil Sheriff would issue an order of seizure and sale and the property would be auctioned off to the highest bidder. The fines plus interest were always high enough that the property owner could not pay same, but low enough that someone with capital could pick up the properties at a very, very cheap price. The “laws” that established this procedure were mostly ordinances passed by the … City Council, which was the wrong authority to approve a seizure and sale that was not reviewed and signed by a duly elected or appointed state court judge. Cities are not separate sovereigns with the right to enact general laws, like causes of action and shifting judicial powers to authorities that have only ministerial executive duties.

So, intermixing branches of government and shifting and assuming powers that states and cities cannot exercise are not the only scams being used to collect money. States and cities are doing end runs around Constitutional principles. New York did it by giving the court the power to calculate general damages rather than enacting legislation reciting a list of fines that the state may impose for business improprieties. The state courts would then just include the fine that applies under the circumstances that was set by the state legislature. That would be Constitutional, but having the freedom to assess unspecified damages that the state does not suffer is absurd.

To summarize, no transfer = no fraud, and no fines set by the legislature to assess replaced by the power to impose general damages = a sham system that is a blurred mixture of the executive branch and the judicial branch.

Hope all is well.

Regards,

EGM

Ep 3286a – Germany In A Recession, [CB]/[WEF] Economic Agenda Falling Apart


Posted originally on Rumble By X 22 Report on: Feb 19, 2024 at 7:30 pm EST

This Loudmouth New Yorker Is About To Make A Ruckus In Our Warmongering Congress


Posted originally on Rumble By Kim Iversen on: Feb 19, 2024 at 3:00 pm EST

US Teens Learn About Taxes


Posted originally on Feb 20, 2024 By Martin Armstrong 

A new trend is circulating on the internet, where parents in the US film their teenagers’ reactions to filing taxes for the first time. The US education system does not require schools to educate students on taxes, despite it being fundamental knowledge for sound financial health.

In 2022, teens with both earned and unearned income were required by law to file a tax return if their combined gross income was greater than $1,150, or more than their earned income (up to $12,550) plus $400. Additionally, if a teen earned $12,950 or more at their part-time job in 2022, they would need to file taxes in 2023. The standard deduction for 2022 was $12,950, so as long as a teen didn’t earn more than that amount, they wouldn’t have to file taxes. Basically, anyone who worked a part-time job was forced to give a portion to Uncle Sam.

Those advocating extreme spikes in the minimum wage do not realize that teenagers will be unable to pay. Moreover, employers will not be able to hire teens and young adults as they know they are there temporarily. These kids do not understand the system, and from a broader perspective, we need a future workforce with hands-on knowledge. Why is the government taxing teenagers who are too young to vote for representation? Why is the Biden Administration hell-bent on forgiving student loans when we are forcing teens to pay on the little that they earn? Everyone wants to talk about “equality,” but few realize that some cannot obtain higher education without a job. Not all parents are willing or able to support their children when they reach 18.

As a result, the youth is not joining the workforce. The Bureau of Labor Statistics (BLS) projects a further decline in the teen labor force participation rate, from 34.0% in 2014 to 26.4% in 2024, citing increased school enrollment as a contributing factor. They are encouraged by the system to focus on school and take out larger loans to pay for their expenses. They do not realize that most will be unable to find work in their field of study, nor are they educated about compounding interest on loans.

In 2023, the number of employed 16- to 19-year-olds in the US was approximately 6 million, which is expected to decline. Fewer teens are working and gaining crucial hands-on experience in the workforce. We are producing a future generation of academics who simply do not know how to work.

Yellen Believes People are Better off Post-Pandemic


Posted originally on Feb 20, 2024 By Martin Armstrong 

Yellen Sec Treasury

Treasury Secretary Janet Yellen is proof that the establishment is completely clueless when it comes to the lives of the average citizen. “People are better off than they were pre-pandemic,” Yellen touted on national news last week. Perhaps she meant to say “politicians” rather than people, and no, one cannot point at rising US indexes and claim that is sufficient evidence that the overall economy is sound.

Yellen is akin to the Karine Jean-Pierre of America’s financial system insofar as her job is to openly lie to the public and convince them that their reality is not as it seems. She holds a high role in Biden’s cabinet and is responsible for overseeing America’s banks, tax enforcement, printing money, and the national debt. She is the bridge between the federal government and the Federal Reserve, acting as Biden’s top advisor. We know Biden is not mentally competent, and it appears his CFO has continually misled both Washington and the American public.

https://www.mrctv.org/embed/585516

So, what the hell is wrong with Janet Yellen? Her loyalty lies with the World Economic Forum and globalist elite. These are the people making decisions that DELIBERATELY wound their own nation’s economic soundness on behalf of a select few behind the curtain. Yellen admitted that the true reason behind the massive spending on the Inflation Reduction Act was to propel the climate change agenda. “The Inflation Reduction Act is, at its core, about turning the climate crisis into an economic opportunity,” the Treasury Secretary admitted months ago. That was one of the largest spending acts in the history of our nation and pales in comparison to the money being spent on foreign wars. All of this spending is intended to meet the same goal of the Great Reset.

Hence, the woman in charge of overseeing national spending is ignoring the debt crisis waiting to implode. When US debt was downgraded, she called it arbitrary and simply disagreed with the data. The government has no plans to curtail spending. Instead, they are taking measures that contribute to rising inflation, therefore reducing the quality of life for the average citizen. Yellen’s recent statement proves that Washington is not concerned about the people, and this inflationary trend will continue.

Get Out of NY Before It’s Too Late


Posted originally on Feb 19, 2024 By Martin Armstrong 

I Hate New York

I cannot stress enough that many businesses have been put on notice – get the hell out of NY ASAP! After Judge Engoron’s ruling, even the absurd Democrat Governor Kathy Hochul has been forced to come out because of rumblings of mass migration from NYC to Florida, where companies are welcome and there is no State Income Tax. There have been warnings that businesses are looking elsewhere and realizing that there is a MAJOR risk to doing business in New York state as a whole. Hochul has publicly been forced to try to reassure businesses that they have “nothing to worry about” after the ruling.

NY_State_Tax_Collections_Total_Taxes

It appears that Socrates has predicted the outcome of Trump’s absurd prosecutions in New York, for it elected a Yearly & Quarterly Bearish Reversal on State revenues. New York will continue to lose high-net-worth residents, resulting in rising taxes on the fools that remain. There is no rule of law left in this city. Fining Trump for “fraud” when there were no victims and whatever you claim to be worth is reviewed independently by a bank anyway. Even Deutsche Bank admitted they gave the loans based on their own evaluations. – not Trump’s.

Japan Slips to Fourth-Largest Economy


Posted originally on Feb 19, 2024 By Martin Armstrong 

The Last Days of Japan

Germany has overtaken Japan to become the world’s third-largest economy behind the US and China. Japan’s economy contracted by 0.4% in Q4 after a 3.3% decline in Q3. GDP hit $4.2 trillion in Japan in 2023 compared to Germany’s $4.4 trillion.

Japan’s economy is expected to grow by 1.4% this year. Still, Bank of Japan governor Kazuo Ueda held rates negative and warned that the future policy presented an “even more challenging year” ahead. The current interest rate in Japan is -0.10%, as the central bank falsely believed lowered rates would attract investment and stimulate the economy. The Bank of Japan has maintained a negative interest rate policy since 2016 without success.

Japanese public debt is a serious issue and now stands around $9.2 trillion (1.30 quadrillion yen), or 263% of GDP, and is the highest of any developed nation in relation to GDP. Around 43% of that debt is held by the Bank of Japan, and they have been unable to attract investors.

Inflation is gradually easing in Japan, with December producing a 2.6% figure in contrast to October’s 3.3% posting. However, Japan is becoming increasingly involved in overseas battles and recently sent another aid package to Ukraine in solidarity with the West. North Korea is constantly provoking the nation, and the situation in Taiwan is scaring away would-be foreign investors.

This shift in rank is not due to the German economy growing stronger. Germany is in a tough situation thanks to those in Brussels who eliminated its energy independence and implemented harsh regulations on every sector. There was once a time when people referred to Asia’s market as “Asia and Japan,” as Japan was the top runner for the continent. Various factors are contributing to Japan’s decline. I discuss this topic in further detail in the report “The Last Days of Japan.”

New Video Blows Up The Entire Hoax (Ep. 2189) – 02/16/2024


Posted originally on Rumble By Dan Bongino Show on: Feb 16, 2024 at 11:00 am EST