Weasel Boy Being Weasel Boy – Embarrassingly Juvenile Behavior By Emanuel Macron on World Stage….


French President Emmanuel Macron left his position during the G20 group picture in an effort to place himself next to US President Donald Trump and make himself more important on the international stage.

German Chancellor Angela Merkel watches as Emmanuel Macron abandons his position in the rear right and weasels his way down to the front row so that he can be pictured next to U.S. President Donald Trump.  Leaving a hole in the picture where he should have been standing.   Too funny…. weasel boy.

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It did not go unnoticed by U.S. Media:

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Our Office was Broken Into on July 3rd


 

Just for the record, our office was broken into over the holiday. Sorry, they did not get anything. By no means do we keep Socrates in a public location and it remains quite secure outside the USA. We also do not keep client records or files of any such kind

G20 Leftist Protesters Turning Violent


The left is engaging in violent protests at the G20 Summit in Hamburg, Germany. Both the police and G20 opponents were mutually responsible for the escalation of violence, as politicians are demanding harsh punishments for the violent protests with many arguing for prison time.

The protesters blocked the routes of the delegations in several places. Other places attacked the police and they erected barricades. The protesters have been smashing windows in the city as well. A police helicopter was attacked with laser pointer nearly blinding the pilot. The heavy riots had begun on Thursday evening and so far some nearly 160 police officers have been injured. This morning, some 60 mobs in the Altona district attacked police officers with bombs and stones. The protesters are throwing Molotov cocktails setting cars on fire.

The G20 opponents made a statement: “We have reached our goal and set a clear signal against the madness of the G20.” Most are wearing masks to hide their faces. We should expect to see increasing civil unrest especially in Europe going forward.

EU Commission & Parliament Clash of Words


Ministers elected to the European Parliament have now actual power. They get paid extra if they actually show up. What you see are MPs swiping their cards to get that extra pay and then turn around and leave. Well the EU Commission President Jean-Claude Juncker criticized the Parliament MPs for not showing up to listen to a speech by the Maltese president. Only 30 of the 751 elected members bothered to show up at all. What emerged was a lot of name calling back and forth and Parliament members argued that the Commission was not empowered to watch over Parliament. They are supposed to monitor themselve

Country Risk & How it is Critical to Investment Flows


QUESTION: Dear Martin:
How does this affect cash flow to and within the USA? (China Bond market)
Rich
ANSWER: It does not alter anything just yet. Most of the capital outflow from China has been its own people trying to get cash out. They were using BitCoin to accomplish that.
This is a first step in the process. It will take time to develop and the next step will be to maintain a stable and important rule of law. In order to attract capital, there must be a stable and honest rule of law. Once the rule of law crumbles into bias and corruption as we see today, this is part of the risk of investment. Edward Gibbon wrote in his classic, Decline and Fall of the Roman Empire:

“…the intolerable weight of taxes, rendered still more oppressive by the intricate or arbitrary modes of collection; the obscurity of numerous and contradictory laws; the tedious and expensive forms of judicial proceedings; the partial administration of justice; and the universal corruption, which increased the influence of the rich, and aggravated the misfortunes of the poor. “

Book III, Chapter 34

Country Risk is a critical part of international investment. In assisting international companies with decisions where to locate plants or open up operations, the first criteria is always “Country Risk” which is all about the stability of the Rule of Law. How can you invest in any country if there is no reliable legal system to secure contracts or property?

Contract Law began in Babylon. Hammurabi’s legal code required all agreements to be written down. This put an end to false claims. When we talk about investing in Europe, we do not even consider “Country Risk” because it is assumed the Rule of Law is stable.

Consequently, China will surpass the United States and the West because our Rule of Law is collapsing. Courts rule in favor of government routinely and once that happens, no property is secure any more. They are just confiscating cash presuming it is criminal in some way be it taxes or otherwise and they do not have to prove anything. This is demonstrating that the West will not be able to survive long-term without a security of property. Hence, you can see it coming. If China respects property rights, then capital will migrate to Asia and leave the West due to the lack of a Rule of Law

Macron to Reduce French Parliament by One-Third


The new French President Emmanuel Macron has proposed reducing the size of the French parliament by one third. He is intent upon surrendering the sovereignty of France to Brussels and when the full scope of his “profound changes” are understood by the people, his agenda may result in a dramatic rise in civil unrest in France. At least 35% of the population wanted to leave the EU, not surrender entirely to it. The way to deal with opposition is to deny them a voice. Macron said:

“Until now, we were on the wrong track – we preferred rules to initiative,” Macron, who has a massive mandate in both presidential and parliamentary elections, told deputies during a 90-minute speech. “We cannot have before us five years of half-measures. It’s a profound transformation that the French demand. Let’s embrace it.” 

“I am convinced that this measure will have positive consequences for the quality of parliamentary work. This reform is essential.

Illinois – Poster Child for the Coming Sovereign Debt Crisis


Illinois House had voted 72-45 to pass a 32% income tax hike as government refuses to address the real issue of a never-ending need for more and more tax revenue to keep state employees rolling in their pensions. The governor vetoed the tax increase and he was overridden.

There is absolutely no hope for Illinois. Just sell its debt for there is no long-term fix for this state or any state for that matter. We are facing a major Sovereign Debt Crisis at the state and municipal level that will eventually bring down governments on a wholesale basis.

The policies of just tax’em til they die and they tax their heirs is coming to an end. Governments will collapse and the only solution is to limit government by a new constitution that it may not consume greater than 15% of GDP on a federal, state, and local level combined. Employment should primarily be outsourced and private entities should bid to run various departments. That will eliminate government pensions, which is the monumental source of the real crisis.

We can do this, but we have to crash and burn first. Government will NEVER simply surrender power without a fight.

 

North Korea – ECM & War


It was just one day after the first test of an intercontinental rocket by North Korea, that the US demonstrated military strength and threatened further sanctions against the isolated state. We have to understand that we are dealing with a pampered buy Kim Jong Un who will never yield to sanctions and counter-measures of rocket tests.

Donald Trump has classified North Korea as the major threat to the USA – not Russia. The US requested an urgent session of the UN Security Council in New York last week. The leadership in Pyongyang threatened the USA with further weapon tests and boasted that North Korea would never abandon nuclear weapons.

The division of Korea between North and South Korea was the result of the Allied victory in World War II in 1945, ending the Empire of Japan’s 35-year rule of Korea. The United States and the Soviet Union occupied the country, with the boundary between their zones of control along the 38th parallel. The United States supported the South, and the Soviet Union supported the North, and each government claimed sovereignty over the whole Korean peninsula. American troops occupy southern Korea, while the Soviet Union occupies the north, with the dividing line being the 38th parallel of latitude, which was established on September 8th, 1945 (1945,68). This arrangement proves to be the indirect beginning of a divided Korea which will lead to the Korean War in 1950.

The Korean War (1950–1953) left the two Koreas separated by the Korean Demilitarized Zone (DMZ) in the later part of the Cold War and beyond. However, the collapse of the Soviet Union in 1991 deprived North Korea of its main source of economic aid. Without Soviet aid, North Korea’s economy went into a economic free-fall in 1992 pretty much in line with the Economic Confidence Model calculated from the birth of the 38th Parallel.

By this time in the early 1990s, Kim Jong-il was already conducting most of the day-to-day activities of running of the state. Meanwhile, international tensions were rising over North Korean’s quest for nuclear weapons. Former US president Jimmy Carter made a visit to Pyongyang in June 1994 in which he met with Kim and returned proclaiming that he had resolved the crisis. However, Kim Il-sung died from a sudden heart attack on July 8, 1994, three weeks after the Carter visit. His son, Kim Jong-il, had already assumed key positions in the government, succeeded as General-Secretary of the Korean Workers’ Party.

The US government confirmed for the first time that North Korea on July 4th actually tested an intercontinental rocket (ICBM). The test represents “a new escalation of the threat to the United States, our allies and partners, the region and the world,” said Secretary of State Rex Tillerson. He announced “tougher measures” against Pyongyang. Meanwhile, Kim said this was a “gift package” for the US on its Independence Day.

From a timing perspective, 72 years from the birth of the 38th Parallel brings us right here to 2017. The War Cycle brings us to the last date being 2020.9

Arrogance of California Knows No Bounds Governor Brown Still Committing Treason against the Constitution


 

The Governor of California is just insane and out of control. Besides the boasting that California is its own country free to enter into treaties with Europe against the Constitution, now Governor Brown is restricting the freedom of movement of its citizens creating a list of States within the USA that California is imposing a travel ban. Here we have Governor Brown banning travel for which he had the audacity to criticize President Trump. Brown either belongs in a prison for Treason or an insane asylum. The jury should decide. This man is unqualified to be governor and is dangerous.

In January, California Attorney General Xavier Becerra announced the state would no longer fund employee travel to four states – Kansas, Mississippi, North Carolina and Tennessee. Now, with Alabama, Kentucky, South Dakota and Texas added to the list after each passed laws California officials described as discriminatory towards the LGBT community. So in other words, any state that disagrees with California should be put on the their Travel Ban.

Freedom of movement under United States Constitution is governed by the Privileges and Immunities Clause which states, “The Citizens of each State shall be entitled to all Privileges and Immunities of Citizens in the several States.” This issue was decided back in 1823 in an appellate decision Corfield v. Coryell, 6 Fed. Cas. 546 (1823). The freedom of movement for American citizens has been judicially recognized as a fundamental Constitutional right.

Additionally, the Commerce Clause of the Constitution, empowers Congress “to regulate commerce with foreign nations, and among the several States” not Governor Brown. Once again, he is usurping federal powers and overruling the Constitution. He is simply out of control.

Let’s put this in perspective. He yells that Russia deprived him of Hillary because they were trying to “influence” the election. Well, imposing sanctions on other states who disagree with California is trying to also “influence” the people of those states to kneel before the altar of Governor Brown who seems to want to dictate to the world how they should live. Governor Brown is imposing sanctions on other states for disagreeing with the will of California which is the same policy of the West imposing never ending sanctions on Russia for taking back the Crimea, which was their’s to begin with? California has no right whatsoever to impose any sanction upon another state within the USA nor restrict the movement of any citizen to travel among the states. He cannot impose any sanction against another state for disagreeing with his flavor of laws. His view that other states are anti-Lesbian/Gay infringes upon their freedom of religion when they do not outright discriminate against the LGBT community.

Governor Brown seems to have lost it. His arrogance is off the charts and this is just unacceptable. He is lucky I am not president. I would cut off all federal funding for California until they comply with the constitution.

What’s next? Governor Brown imposes requirements upon cars to be electric and bans all citizens from driving to California with a car that does not meet California standards in accord with Paris? Just secede, invite Hillary to be the President of California, and be done with it. Those who disagree with Brown’s politics, the West Coast of Florida  still has the sunsets, no income tax, and far less regulation.

Just Give the Government Your Money & Shut-Up


COMMENT: Dear Marty

I’m doing business w companies in Holland.

So I go there with a colleague to visit one of the factories outside Amsterdam. We rent a car and drive there. Everything is fine and all. No problems with traffic, finding our way or so …

After leaving Amsterdam back home it takes about 4-5 months we get a speeding ticket? We ask for proof us speeding, like a photo or so, but they do not even answer. It goes so far they send it to a collector agency here in Sweden and we call them asking for proof of some sort us speeding when driving in Holland. But they cannot help us. They say they only collect and if we will not pay they will register us in Sweden for this. So we pay. We do not want our business to get soiled.

After this it takes 6 months and we then get – from Holland – a speeding ticket for going the other way when driving to our business meeting???!

Obviously this is a scam!!! We did not pay and have no intention paying either.

So what do you think happens then? When going for a new business trip and we have a short stop at Schiphol airport – my colleague gets stopped in customs switching planes? (He was the one driving when we got the tickets) They arrested him for not paying the speeding ticket …. But luckily they let him go but said if he visited Holland again they would arrest him for sure and there would be a trial. So no business with Holland anymore. And no visits either.

Too bad ….

 

 

/C

 

ANSWER: Yes, the same process is happening in Italy, France, and Germany. It is indicative of governments going broke. They cannot see that they are destroying civilization because of their mismanagement.

These European governments are sending tickets with no explanation or proof and demanding fines of else. They are exploiting tourists and destroying their own vital business. Why travel on vacation to someplace you will be harassed? They turned over a ticket I got in Rome to a collection agency and I too told them no way. This is the biggest scam going on in Europe became they have speeding cameras and no police ever pull you over for anything. There is no explanation. No photo. No evidence. NOTHING! Just send us money or else they just threaten you with jail time and absolutely no proof of anything. They are far worse than the Mafia.

This is why I no longer recommend renting any car in Europe. It is just cheaper to hire a driver for a trip or use taxi/Uber. Then they are harassing Americans pulling you over looking for cash. In the late 1970s, I went through Checkpoint Charlie in Berlin. They forced you to buy East German marks at 1:1 with West German. Then you got into town and nobody you taken them. Even the government run hotel demanded West German marks.

I left with the same amount of East German marks I was forced to buy. I was just going to keep them as a reminder. Then trying to get back through Checkpoint Charlie, the last station of several they went through how much money you had on you. The woman pulled a rope and bell went off and two guards came and grabbed me by the arms and took me to a shed at the beginning. They took all my money and told me to sit. Waiting for over an hour, I got up and asked can I go. He then handed me a slip and said they only confiscate and I had to take that to the central bank the next day to get my money back. I then remarked – “And you say you are not capitalist?” I then had to start over and go through all the stages to get out. They kept the money.

Welcome to the new world we are emerging into. They are all the same. Just give them the money and shut-up.