Posted originally on Nov 22, 2024 by Martin Armstrong
The skies are darkening over Europe’s economy and politics, all thanks to their determination to wage war against Russia. The euro is plummeting to its lowest level in two years. Will the Euro stop at 85 cents in the year ahead? European leaders know that the Eurozone is crumbling, and instead of reform, they have chosen war and to use that as the excuse for the collapse of the Euro in the years ahead. In Putin’s address to the Russian people, he stated that
“Russian military facilities in the Bryansk and Kursk regions were attacked by Western missiles.” According to him, “the conflict in Ukraine has taken on global elements.”
The European press is either stupid or is cheering war on as aversion to the collapse of Europe from the nonsense of climate change & Wokeness that infected Europe as well. But the number one rule is never to admit a mistake – point the finger at someone else.
This is the very propaganda that destroys Europe. Neither Putin nor the Russian people would support taking Europe. But keep this onslaught of attacking Russia, and then they will annihilate Europe, which our computer warns they will lose for a third time. I can confirm that even war game simulations suggest that Britain will lose all its aircraft carriers. Any press that refers to Putin as a “dictator” instantly knows this is being fed by the NEOCON propaganda machine. They will not tell the truth that Putin was elected and the people supported him BECAUSE the alternative is a Russian NEOCON and a return to the USSR. UrsulavonderLeyen is the dictator, for she did not stand for election and was part of the World Economic Forum vo in only by political heads of state that are all preaching the same agenda – WAR – WAR -WAR.
Europeans discovered what the Chinese did years ago: They used Bitcoin as an asset class to move money. While the propaganda about Bitcoin that it would replace the dollar as the reserve currency is absurd, it remains an asset class like everything else. You cannot have a fixed quantity of money; it MUST be elastic because the economy has a business cycle. That is why Bretton Woods collapsed. Fixing gold at $35 did constrict the number of dollars created primarily for the NEOCONS and war. In 1960, there was a gold panic because President Kennedy said that the decline in the dollar was due to the maintenance of all the military bases around the world at American expense. The Swiss/Euro peg broke, the Pound/ERM Crisis that made Soros rich, and the 1997 Asian currency crisis when the pegs broke. NOBODY has ever been able to fix the value of any currency. Do not confuse using gold coinage as a gold standard, for its value always rose and fell, as did even the ratio between silver and gold.
Russia used this new ICBM non-nuclear weapon for the first time, and in the future, it would warn civilians to evacuate before a launch. The real curious aspect here is that there has been no reaction yet from the UK, France, or Germany. They apparently did not know what to say as they pushed Ukraine to sacrifice its entire nation and its people for a war that was not winable.
Let us not forget that the Minsk Agreement was supposed to let the Donbas vote on their own separation, as it took place with the break up of Yugoslavia according to ethnic lines. These NEOCONS do not care about our country or the people. To them, this is like a football game, and they have to destroy Russia no matter what the cost. I have spoken directly to some, and they are logical, and I cannot explain their reasoning. It just seems to be delusional if not insane.
Many of our sources throughout the former Yugoslavia states are turning toward Russia than the West. Scandals, corruption, and constant broken promises are part of the shift toward the nationalistic view we see also rising in Germany. Most of the surrounding nations around Ukraine see them as an unethical group of people who are untrustworthy and the most corrupt in the world. they are baffled that the West is supporting Ukraine, and that is also contributing to the shift toward Russia.
Markets also raised their expectations of European Central Bank rate cuts and see a more than 50% chance of a larger-than-usual 50 bp rate cut in December. The euro has weakened against the dollar as Europe and NATO vow to keep the war going after Donald Trump’s victory. Recent escalations in fighting between Russia and Ukraine and political uncertainty in Germany, the Eurozone’s biggest economy, have further weighed on the Euro in recent weeks. Our model still shows that the Eurozone will break apart as all centralized dictatorial forms of government inevitably fall. The same fate will shared by the USA.
Posted originally on Nov 21, 2024 by Martin Armstrong
Donald Trump believes tariffs could offset taxes, but tariffs will be a tax in itself to the American consumer. Trump is proposing to raise taxes from 60% to 100% on Chinese goods. He would also like to implement a universal tariff from 10% to 20% on all international imports. Ultimately, the consumer will end up paying the bill to offset these increase.
“If we get tariffs, we will pass those tariff costs back to the consumer,” AutoZone CEO Philip Daniele said, adding that the company will protect itself by raising prices before the tariffs take effect. Countless companies have come out to say that they will absolutely pass on the added cost to their consumers. It is not as simple as moving manufacturing out of China or to America.
Lowe’s expressed similar concerns. “Roughly 40% of our cost of goods sold are sourced outside of the US, and that includes both direct imports and national brands through our vendor partners,” said CFO Brandon Sink. “And as we look at potential impact, certainly would add product costs, but timing and details remain uncertain at this point.”
The National Retail Federation (NRF) conducted a study that revealed Trump’s proposed tariffs could cost US consumers between $46 billion and $78 billion annually, with the average household paying between $362 to $624 more on goods per year. The NRF called these proposed tariffs a “tax on all Americans,” and noted that lower-income Americans, who often purchase cheaper goods produced in China, will be disproportionately affected. The federation believes apparel costs will rise from $13.9 billion to $24 billion, footwear will rise to $10.7 billion from $6.4 billion, travel goods will increase to $3.9 billion from $2.2 billion, furniture will average $13.1 billion more compared to the current $8.5 billion, and household appliances will increase to $10.9 billion from $6.4 billion.
“A tariff is a tax paid by the U.S. importer, not a foreign country or the exporter. This tax ultimately comes out of consumers’ pockets through higher prices,” Jonathan Gold, NRF VP of Supply Chain and Customs Policy, stated.
Trump believes that these tariffs will bring manufacturing back to America and force companies to hire American. While the US desperately needs to boost its manufacturing sector, these tariffs are simply not the solution. Companies may seek to reduce their own reliance on US goods. China in particular will retaliate and they do so with precision as we have seen with their previous targets on agriculture products that the US relies on like pork and soybeans.
Imposing high tariffs can disrupt global supply chains and negatively impact international trade relationships. I disagree with the mercantilism approach that focuses on maximizing exports while minimizing the need for imports through tariffs and other barriers. Not only is US manufacturing not set up for this model at this time, but it is also absolutely counterproductive to global trade. Not to mention that China’s middle class is set to outpace America’s. They have a far larger population and America may no longer be the primary country that other nations line up to sell to.
Tariffs never promote peace. Rome lasted over 1,000 years because it had FREE TRADE. Rome was not corrupt everyone benefitted. As long as the PEOPLE are trading back and forth, they provide check and balance against government to create peace.
Posted originally on Nov 21, 2024 by Martin Armstrong
The incoming Department of Government Efficiency (DOGE) under Elon Musk and Vivek Ramaswamy is tackling a serious problem – the complex tax code. Donald Trump has also expressed a keen interest on simplifying the process and fixing our “broken tax code.”
The Internal Revenue Service was multiplied and armed with weapons under Biden-Harris. The administration desperately needed funding for its continuous spending and aid packages, and the American people were an easy target. One can hope that the incoming Trump Administration will help to dismantle the IRS that creates criminals out of everyday citizens who spend weeks if not months trying to determine how much they owe. The government doesn’t seem to know how much they need to extort from citizens, but rest assured, they will hunt you down if you under or overpay.
The code is deliberately confusing. “In 1955, there were less than 1.5 million words in the U.S. Tax Code. Today, there are more than 16 million words. Because of this complexity, Americans collectively spend 6.5 billion hours preparing and filing their taxes each year. This must be simplified,” DOGE wrote on its new X account.
DOGE has proposed creating an app for Americans to pay their taxes. That is all good and well but until the code is drastically simplified, I do not see how filing on your phone could streamline the process. Still, TurboTax shares fell 5.1% after the rumors broke as did H&R Block by 8.2%.
I sent Congress an extensive proposal on tax reform in 1996, which you mayread here.
Taxation is indeed a much broader issue than merely federal. State and local governments have been raising taxes at an unseen pace. The cost of government as measured by total revenues as a percent of the total of GDP is a key factor in determining our quality of life, and as we have seen, our quality of life has been drastically reduced as government spending rises. The people cannot possibly be expected to foot this endless bill. The Founding Fathers of the United States specifically prohibited direct taxation, such as any form of an income tax.
One of the primary things is that the tax rate should be cast in stone and it should not change for every election. No one, on a personal level, would go sign a lease on an apartment where the lease said the landlord can change your rent at any time he wants if he spent too much money for himself. . A contract is a contract and you’re not going to have stability until you have something set in stone. A lot of countries have attracted capital by doing precisely this. If you go there and set up a plant, they guarantee not to increase taxes for 20, 30, 40 years. If you’re going to do a business plan then you need to know what your costs are. It can’t be maybe $1 mill this year and next year it’s 25% more. Business plans don’t work like that. The politicians need to just cast it in stone and that’s it; take it off the table. Stop the rhetoric. They’re not going to create jobs without that. Why should anyone build a plant in the U.S. if the government can change everything in 6 months? That’s not the way to build an economy.
Every government that has adopted a form of direct taxation has always, and without exception, evolved with intrusive regulation that has ultimately led to a loss of freedom and liberty. To pursue liberty, the very basic requirement demands that economic freedom is paramount.
Posted originally on Nov 20, 2024 by Martin Armstrong
Not one European leader represents their country or their population. They are all chanting war. The Finnish minister warns NATO may invoke Article 5 over cable sabotage of the telecommunications cable. Europe wants war, and NATO is brainwashing everyone that Putin wants to conquer Europe, so let’s conquer Russia first. NATO is the retirement home for Neocons. Fearing Trump, they are going all out to create war by December. Europeans had better move money out of Europe, for they would impose capital controls.
What NATO is doing is no different than punching you in the face first, insisting it was in self-defense because he knew you wanted to punch him first. This is NATO’s version of Self-Defense. The Neocons got Biden to let Ukraine use US weapons, and they did immediately. The Neocons are pushing every button to create war by December. This is their moment. This is what they have been dreaming of their entire lives.
Moscow signaled to the West that it was ready for a nuclear confrontation after Ukraine was permitted to attack Russian territory on the same day. Kiev takes its orders from the Neocons. Ukrainians I talk to regard Zelensky as a traitor, and they are not allowed to seek peace or decide the fate of their own country. Ukraine has been converted into the West’s version of Hezbolla, exploiting them as Iran does to Lebanon.
Zelensky appeared to waste little time after reportedly being given the go-ahead by Washington on Sunday to use U.S.-made ATACMS missiles against specific targets. Ukrainian news outlets reported early Tuesday that the missiles had been used to attack a Russian military facility in the Bryansk border region.
Putin has been there since the end of 1999. He has had plenty of time to invade Europe and has not. That is the BS of the communist days led by Khrushchev, who even the Russians overthrew for his aggressive antics that included putting missiles into Cuba.
Not a single European leader gives two shits about their people or their country. Not a single one will dare to even try to negotiate. They will be the destruction of Europe this time – as they say
Posted originally on Nov 20, 2024 by Martin Armstrong
Former UK Prime Minister Boris Johnsonreemerges from the shadows whenever he hears word that a war may be winding down. He played an instrumental role in persuading Zelensky not to negotiate a peace treaty with Russia, and now he is proposing immediate NATO membership for Ukraine, which is the official onset of World War III.
A chip off the old block, Boris takes after his father, Stanley Johnson, who is from the same club as Bill Gates’ father and a eugenicist. Stanley worked for the Rockefeller Foundation in New York. Johnson and Rockefeller have the same population reduction goals as Gates. They somehow justify the need for a reduction of 70 million people from the population in Britain to 10 million to enhance economic growth. Stanley was also a proponent of climate change before it really gained traction in the mainstream community.
Back on June 3, 2020, I announced that I would not support Boris Johnson and that I saw him as a threat to Britain. I had my reasons behind the curtain, which I was unprepared to express fully. However, as they say, the apple does not fall far from the tree. Here, we have Boris following his father’s depopulation ideas, as is the case with Bill Gates following his father. Quite honestly, I do not understand that.
Johnson is the man who made that emergency trip to Ukraine when Zelensky was considering a peace deal with Russia, urging him to continue the endless war. All the neocons are in a mad rush to arm and fund Ukraine before Trump returns in January. Now, Johnson wants to give $500 billion in a “loan” and force NATO to enact Article V. At the same time, Zelensky is telling the press that he is willing to keep the war alive after 1,000 days of death and destruction. It’s past the point that Zelensky could even stop the war if tried. He sold out Ukraine and it is too late.
And here we have Boris resurfacing from the swamp once again to urge NATO to permit Ukraine to join. “That means we must have the courage and logic to give the Ukrainians the security guarantee that they need and announce a date in the near future by which Ukraine will join NATO,” Johnson said, also adding that Ukraine needs another $500 BILLION–$500 BILLION. For what reason? He believes it can come in the form of a lend-lease obligation, but how can they expect Ukraine to pay off all of its debt without conquering Russia and amassing its fortune? That is what these neocons believe is possible – a Russian takeover.
Posted originally on Nov 18, 2024 by Martin Armstrong
The elite gathered at the UN’s COP29 in Azerbaijan to discuss how to extort the people to fund their climate change agenda. Numerous nations believe that cryptocurrencies and plastics must be levied from developed nations who are deemed the highest polluting economies.
The “expert’s” assumption is that $5.2 billion could be generated by taxing cryptocurrencies due to “the high energy demand of crypto mining,” that releases those dreaded emissions. A separate report stated that a crypto tax could rake in tens of billions per year – hence why I call crypto a bureaucrat’s dream as they can easily track where funds are coming and going.
The Global Solidarity Leviestask force launched in November of last year at COP28 with the primary goal of forcing the world to implement levies to fight climate change. The task force is co-chaired by Kenya, Barbados, and France presently. The European Commission is on board, as is the United Nations, World Bank, OECD, G20, African Union, Coalition of Finance Ministers, and the International Monetary Fund. They are exploring widespread taxation on aviation, fossil fuels, plastics, cryptocurrencies, maritime shipping, and now cryptos. Concrete proposals will be launched in November 2025.
They believe that hundreds of billions in additional taxes should be redistributed to poor nations who are disproportionately affected by climate change. How will they change the naturally occurring cycle of nature? They have no idea but they know they need your money to do so.
I recently reported how the World Bank cannot account for $41 BILLION in funds designated for climate change. Oxfam had to blow the whistle after conducting a private audit. The World Bank controls 52% of the total flow of climate funding from all multilateral banks combined. This is outright fraud. That amount could not possibly go “missing” due to an oversight or miscalculation.
Similar to these proxy wars, absolutely no one knows where or how these funds are being spent. Yet, it is our responsibility to fund these initiatives when it is becoming increasingly clear that the entire climate agenda is a SCAM. They are coming for everything they perceive produces emissions. Could agriculture be next? Will we have a set allotment of breaths we may take per day? The climate scheme will continue to spread so long as governments see they are able to extort the people with no repercussions.
Posted originally on the CTH on November 1, 2024 | Sundance
On January 17, 2017, just three days before President-Trump was sworn into office, outgoing President Obama had a secret conference call with progressive media allies.
Again, this is three days before Trump took office, when the Obama White House and Intelligence Community were intentionally pushing the Trump-Russia conspiracy story into the media in an effort to disrupt President Trump’s transition to power. President Obama is essentially asking his progressive allies to help defend his administration. Part of the 20-page transcript is below:
Barack Obama– […] “I think the Russia thing is a problem. And it’s of a piece with this broader lack of transparency. It is hard to know what conversations the President-elect may be having offline with business leaders in other countries who are also connected to leaders of other countries. And I’m not saying there’s anything I know for a fact or can prove, but it does mean that — here’s the one thing you guys have been able to know unequivocally during the last eight years, and that is that whether you disagree with me on policy or not, there was never a time in which my relationship with a foreign entity might shade how I viewed an issue. And that’s — I don’t know a precedent for that exactly.
Now, the good news there, I will say, is just that there’s a lot of career folks here who care about that stuff, and not just in the intelligence agencies. I think in our military, in our State Department. And I think that to the extent that things start getting weird, I think you will see surfacing objections, some through whistleblowers and some through others. And so I think there is some policing mechanism there, but that’s unprecedented.
And then the final thing that I’m most worried about is just preserving the democratic process so that in two years, four years, six years, if people are dissatisfied, that dissatisfaction expresses itself. So Jeff Sessions and the Justice Department and what’s happening with the voting rights division and the civil rights division, and — those basic process issues that allow for the democratic process to work. I’d include in that, by the way, press. I think you guys are all on top of how disconcerting — you guys complain about us — (laughter) — but let me just tell you, I think — we actually respected you guys and cared about trying to explain ourselves to you in a way that I think is just going to be different.
On balance, that leads to me to say I think that four years is okay. Take on some water, but we can kind of bail fast enough to be okay. Eight years would be a problem. I would be concerned about a sustained period in which some of these norms have broken down and started to corrode.
Q Could you talk a bit more about the Russia thing? Because it sounds like you, who knows more than we do from what you’ve seen, and is genuinely —
THE PRESIDENT: And can say less. (Laughter.) This is one area I’ve got to be careful about. But, look, I mean, I think based on what you guys have, I think it’s — and I’m not just talking about the most recent report or the hacking. I mean, there are longstanding business relationships there. They’re not classified. I think there’s been some good reporting on them, it’s just they never got much attention. He’s been doing business in Russia for a long time. Penthouse apartments in New York are sold to folks — let me put it this way. If there’s a Russian who can afford a $10-million, or a $15- or a $20- or a $30-million penthouse in Manhattan, or is a major investor in Florida, I think it’s fair to say Mr. Putin knows that person, because I don’t think they’re getting $10 million or $30 million or $50 million out of Russia without Mr. Putin saying that’s okay.
Q Could you talk about two things? One is, the damage he could do to our standing in the world through that. I mean, just this interview he gave the other day, and what you’re worried about there. And then the other side — and you sat down with him. I found the way in which he screamed at Jim Acosta just really chilling. If you just look at the face in a kind an authoritarian or autocratic, whatever word you want to use, personality — would you, on those two?
THE PRESIDENT: On the latter issue, EJ, you saw what I saw. I don’t think I need to elaborate on that.
Q But you sat down with him privately. I’m curious about —
THE PRESIDENT: Privately, that’s not — his interactions with me are very different than they are with the public, or, for that matter, interactions with Barack Obama, the distant figure. He’s very polite to me, and has not stopped being so. I think where he sees a vulnerability he goes after it and he takes advantage of it.
And the fact of the matter is, is that the media is not credible in the public eye right now. You have a bigger problem with a breakdown in institutional credibility that he exploits, at least for his base, and is sufficient for his purposes. Which means that — the one piece of advice I’d give this table is: Focus. I think if you’re jumping after every insult or terrible thing or bit of rudeness that he’s doing and just chasing that, I think there’s a little bit of a three-card Monte there that you have to be careful about. I think you have to focus on a couple of things that are really important and just stay on them and drive them home. And that’s hard to do in this news environment, and it’s hard to do with somebody who, I think, purposely generates outrage both to stir up his base but also to distract and to — so you just have to stay focused and unintimidated, because that’s how you confront, I think, a certain personality type.
But in terms of the world — look, rather than pick at one or two different things — number one, I don’t think he’s particularly isolationist — or I don’t think he’s particularly interventionist. I’m less worried than some that he initiates a war. I think that he could stumble into stuff just due to a lack of an infrastructure and sort of a coherent vision. But I think his basic view — his formative view of foreign policy is shaped by his interactions with Malaysian developers and Saudi princes, and I think his view is, I’m going to go around the world making deals and maybe suing people. (Laughter.) But it’s not, let me launch big wars that tie me up. And that’s not what his base is looking from him anyway. I mean, it is not true that he initially opposed the war in Iraq. It is true that during the campaign he was not projecting a hawkish foreign policy, other than bombing the heck out of terrorists. And we’ll see what that means, but I don’t think he’s looking to get into these big foreign adventures.
I think the bigger problem is nobody fully appreciates — and even I didn’t appreciate until I took this office — and when I say “nobody,” I mean the left as well as the right — the degree to which we really underwrite the world order. And I think sometimes from the left, that’s viewed as imperialism or sort of an extension of a global capitalism or what have you. The truth of the matter, though, is, if I’m at a G20 meeting, if we don’t initiate a conversation around human rights or women’s rights, or LGBT rights, or climate change, or open government, or anti-corruption initiatives, whatever cause you believe in, it doesn’t happen. Almost everything — every multilateral initiative function, norm, policy that is out there — it’s underwritten by us. We have some allies, primarily Europe, Canada, and some of our Asia allies.
But what I worry about most is, there is a war right now of ideas, more than any hot war, and it is between Putinism — which, by the way, is subscribed to, at some level, by Erdogan or Netanyahu or Duterte and Trump — and a vision of a liberal market-based democracy that has all kinds of flaws and is subject to all kinds of legitimate criticism, but on the other hand is sort of responsible for most of the human progress we’ve seen over the last 50, 75 years.
And if what you see in Europe — illiberalism winning out, the liberal order there being chipped away — and the United States is not there as a bulwark, which I think it will not be, then what you’re going to start seeing is, in a G20 or a G7, something like a human rights agenda is just not going to even be — it won’t be even on the docket, it won’t be talked about. And you’ll start seeing — what the Russians, what the Chinese do in those meetings is that they essentially look out for their own interests. They sit back, they wait to see what kind of consensus we’re building globally, they see if sometimes they can make sure their equities are protected, but they don’t initiate.
If we’re not there initiating ourselves, then everybody goes into their own sort of nationalist, mercantilist corners, and it will be a meaner, tougher world, and the prospects for conflict that arise will be greater. I think the weakening of Europe, if not the splintering of Europe, will have significant effects for us because, you may recall, but the last time Europe was not unified, it did not go well. So I’m worried about Europe.
There are a lot of bad impulses in Europe if — you know, Europe, even before the election, these guys will remember when we were, like, in Hanover and stuff, and you just got this sense of, you know, like the Yeats poem — the best lacked all conviction and the worst were full of passion and intensity, and everybody on their heels, and unable to articulate or defend the fact that the European Union has produced the wealthiest, most peaceful, most prosperous, highest living standards in the history of mankind, and prior to that, 60 million people ended up being killed around the world because they couldn’t get along.
So you’d think that we’d have the better argument here, but you didn’t get a sense of that. Everybody was defensive, and I worry about that. Seeing Merkel for the last time when I was in Berlin was haunting. She looked very alarmed.
Q What can you share with us about what foreign leaders, like Merkel and others, have expressed to you about what happened here in this election and what’s happening internationally generally since November 8th?
THE PRESIDENT: I think they share the concerns that I just described. But it’s hard for them to figure out how to mobilize without us. This is what I mean — I mean, I’ll be honest, I do get frustrated sometimes with like the Greenwalds of the world. There are legitimate arguments to be made about various things we do, but overall we have been a relatively benign influence and a ballast, and have tried to create spaces — sometimes there’s hypocrisy and I’m dealing with the Saudis while they’re doing all kinds of stuff, or we’re looking away when there’s a Chinese dissident in jail. All legitimate concerns. How we prosecute the war against terrorism, even under my watch. And you can challenge our drone policy, although I would argue that the arguments were much more salient in the first two years of my administration — much less salient today.
You can talk about surveillance, and I would argue once again that Snowden identified some problems that had to do with technology outpacing the legal architecture. Since that time, the modifications we’ve made overall I think have been fairly sensible.
But even if you don’t agree with those things, if we’re not there making the arguments — and even under Bush, those arguments were made. I mean, you know, they screwed up royally with Iraq, but they cared about stuff like freedom of religion or genital mutilation. I mean, there was a State Department that would express concern about these things, and push and prod and much less NATO, which you kind of would think, well, that’s sort of a basic, let’s keep that thing going, that’s worked okay.
So I think the fear is a combination of poor policy articulation or just silence on the part of the administration, a lack of observance ourselves of basic norms. So, I mean, we started this thing called the Open Government Partnership that’s gotten 75 countries around the world doing all kinds of things that we’ve been poking and prodding them to do for a long time. It’s been really successful making sure that people know what their budgets are and how they can hold their elected officials accountable, and we’re doing it in Africa, in Asia, et cetera. And now, if we get a President who doesn’t release his tax returns, who’s doing business with a bunch of folks, then everybody looks and says, well, what are you talking about? They don’t even have to, like, dismantle that program, it’s just — our example counts too.
Q Mr. President, can I ask you to go to kind of a dark place for a second in terms of —
THE PRESIDENT: I was feeling pretty dark. (Laughter.) I don’t know how much — where do you want me to go exactly?
Q I can bring us lower, trust me.
Q The John McCain line, everything is terrible before it goes completely black. (Laughter.)
Q I know that you feel that there’s a lot you can’t say on the Russia story, but just even speaking hypothetically, if there were somebody with the powers of U.S. President who Russia felt like they could give orders to, that Russia felt like they had something on them, what’s your worst-case scenario? What’s the worry there in terms of the kind of damage that could be done?
And also domestically, with a truly malign actor, if he’s, way worse than we all think he might be, and he wanted to use the powers of the U.S. government to cause — to advance his own interests and cause other people harm that he saw as his enemies, are there breaks out there that you see? What are the places where you worry the most in terms of damage being done?
THE PRESIDENT: Okay, on the foreign policy, the hypothetical is just — I can’t answer that because I’ll let you guys spin yourselves.
What I would simply say would be that any time you have a foreign actors who, for whatever reason, has ex parte influence over the President of the United States, meaning that the American people can’t see that influence because it’s not happening in a bilateral meeting and subject to negotiations or reporting — any time that happens, that’s a problem. And I’ll let you speculate on where that could go.
Domestically, I think I’ve mentioned to Greg the place that I worry the most about. I mean, I think that the dangers I would see would be — and we saw some hints of this in my predecessor — if you politicize law enforcement, the attorney general’s office, U.S. attorneys, FBI, prosecutorial functions, IRS audits, that’s the place that I worry the most about. And the reason is because if you start seeing the government engaging in some of those behaviors and you start getting a chilling effect, then looking at history I don’t know that we’re so special that you don’t start getting self-censorship, which in some ways is worse, or at least becomes the precursor.
We have enough institutional breaks right now to prevent just outright — I mean, you would not, even with a Supreme Court appointment of his coming up, Justice Roberts would not uphold the President of the United States explicitly punishing the Washington Post for writing something. I mean, the First Amendment — there’s certain things that you can’t get away with.
But what you can do — it’s been interesting watching sort of a handful of tweets, and then suddenly companies are all like, oh, we’re going to bring back jobs, even if it’s all phony and bullshit. What that shows is the power of people thinking, you know what, I might get in trouble, I might get punished. And it’s one thing if that’s just verbal. But if folks start feeling as if the law enforcement mechanisms we have in place are not straight, they’ll play it straight. That’s dangerous, just because the immense power — one of the frustrations I’ve had over the course of eight years is the degree to which people have, I think in the popular imagination and certainly among the left, this idea of Big Brother and spying and reading emails and writing emails — and that’s captured everybody’s imaginations.
But I will tell you, the real power that’s scary is just basic law enforcement. If the FBI comes and questions you and says it wants your stuff, and the Justice Department starts investigating you and is investigating you for long periods of time, even if you have nothing to hide, even if you’ve got lawyers, that’s a scary piece of business, and it will linger for long periods of time.” …. (Much More Continues after Page, 10)
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