Archie Bunker on Politics


Armstrong Economics Blog/Politics Re-Posted Jan 30, 2021 by Martin Armstrong

Tucker Carlson and Dave Portnoy Outlines the Reddit vs Wall Street Market Manipulation


Posted originally on The Conservative Tree House on January 29, 2021 by Sundance

Last night Tucker Carlson and Dave Portnoy discussed the merge between Wall Street and Big Tech to protect the hedgefunds from ‘We The People’.  Good outline:

It started with a bunch of smart ordinary Wall Street market watchers assembling on Reddit and noticing that hedgefunds were making millions destroying the stock value of GameStop (GME) -and others-  by short selling the stock and trading the position.

[Short Lesson to Understand Short-Selling Here]

The hedgefunds were so greedy the short-sellers borrowed more than 140% of the total number of shares of stock of GME (GameStop) in order to destroy it. The stock value dropped from $20 to $4 as the sharks made millions in the short-sells. That’s when the Reddit investment community,Wall Street Bets, noticed an opportunity.

One of the issues with short-selling is that short-sellers must always eventually purchase the stocks they borrowed.  That means if the stock value increases you are committed to buying it, you will lose money, and you cannot get away from the loss in your short-sell position so long as the stock value is high.

Knowing the borrowed shares were more than the total number of outstanding shares of the entire GME stock, the rebellious alliance knew the short-sellers (hedgefunds) would have to eventually buy them.  So the independent group, mass numbers of individual investors, started purchasing shares and driving up the GameStop stock value.

The GME stock skyrocketed and the short-sellers (hedgefunds on Wall Street) were freaking out.  The higher the stock went, the more it was going to cost the hedgefunds to get out of their short position.  Billions were being wiped out as the pesky rebel alliance kept purchasing shares and driving up the value.  [Go Deep] That’s when the biggest eye-opening series of events in financial history took place….

♦ First Big Tech jumped-in to protect the hedgefunds.  The servers that handled Reddit’s investor discussion “WallStreetBets” were shut down, essentially trying to break down the communication of the rebel alliance.  They used the oft-familiar “hate speech” justification, but that was really a ruse… Big Tech was supporting Wall Street.

♦ Then the New York Stock exchange stepped-in to protect the hedgefunds by blocking trades of GameStop and other Reddit targeted stocks (Nokia, Blackberry, AMC theaters).  Ameritrade also blocked any trades.  The NYSE was essentially trying to protect the institutional investors, billionaires, from the citizens, independent investors.   Wall Street went to war against day-traders, ordinary Americans.

♦ Then the stock trading App “Robinhood” which was used by the citizens to make their trades, actually stepped-in to stop users from purchasing GameStop shares.  The Robinhood app will now only allow sales of GME and the other stocks because the app is protecting the billionaire class from their short position.

Wall Street, the New York Stock Exchange, the entire financial trading system is trying to protect the short-sellers by driving down the shares of stocks so that the short-sellers can get out of their positions.   Never has there been such blatant market manipulation by the organized efforts of the elite financial class.

Big Tech and Wall Street are working together to keep a rigged system tilted in their favor and their aligned efforts are spotlighting just how rigged that system is.

The elites don’t care what happens to the ordinary citizens in the stock market… they are protecting their own status.  All of this is brutally illegal market manipulation and collusion by the financial sector.   [Story Here and Story Here]

Keep watching….

Masks are dropping at an alarming rate as more people are witnessing in real time just how this market is rigged against the interests of ordinary Americans.

FBI Lawyer Who Doctored False Information to FISA Court Gets 12 Months Probation, 400 Hrs Community Service and No Fine


Posted originally on the conservative tree house on January 29, 2021 by Sundance

We suspected that Kevin Clinesmith was going to get the James Wolfe leniency treatment, not only because the DOJ (Main Justice) wanted to avoid highlighting the severity of his criminal conduct, but rather -more specifically- because that criminal conduct took place under the direction of the Robert Mueller and Andrew Weissman special counsel (June 29, 2017)…. And that is what has happened.  It is all corrupt as hell…. all of it.

The judge over the case against former FBI lawyer Kevin Clinesmith was is James Boasberg.  Not coincidentally Boasberg is also now the presiding judge over the secret FISA court.  Judge Boasberg also carried an insitutional preservation motive to downplay the consequences of Kevin Clinesmith altering evidence at the behest of the Robert Mueller special counsel team.

Main Justice is protecting Rod Rosenstein, Sally Yates, Andrew McCabe, James Baker and Dana Boente, all of them knew the Mueller special counsel was corrupt from the outset.  Judge James Boasberg is protecting the secret FISA court.  It’s all FUBAR !

WASHINGTON – Former FBI lawyer Kevin Clinesmith was sentenced to 12 months probation and 400 hours of community service Friday after pleading guilty to making a false statement in the first criminal case arising from Special Counsel John Durham’s investigation into the origins of the Trump-Russia probe.

Clinesmith in August pleaded guilty to “one count of making a false statement within both the jurisdiction of the executive branch and judicial branch of the U.S. government, an offense that carries a maximum term of imprisonment of five years and a fine of up to $250,000.”

U.S. District Judge for the District of Columbia James Boasberg on Friday during Clinesmith’s sentencing hearing said Clinesmith had suffered by losing his job and standing in the eye of a media hurricane.

Boasberg gave him 12 months probation, 400 hours of community service, and no fine.

[…]  “[He] lost his job, and his government service is what has given his life much of its meaning,” Boasberg said Friday. “He was also earning $150,000 a year and who knows where the earnings go now. He may be disbarred or suspended from the practice of law, you may never be able to work in the national security field again. These are substantial penalties.”

Boasberg added: “What is more, he went from being an obscure career government lawyer to standing in the eye of a media hurricane. He has been threatened, vilified and abused on a nationwide scale.”

[…] “Altering the email has forever changed the course of my life,” Clinesmith said. “I have lost the means to provide for my growing family…lost the ability to give back to my nation… the shame and remorse will stay with me forever.”

[…]  Carter Page was also present at the sentencing hearing and told the court his life had been, “severely affected,” by Clinesmith’s actions, saying at certain points during the ordeal he felt like a, “man without a family,” constantly under media scrutiny.

However, notably, Page asked Boasberg to show Mr. Clinesmith leniency. (read more)

1. Remember, the Special Counsel was appointed in May 2017, and from then until April 2019 any matter which had anything to do with Spygate or Trump/Russia, was managed exclusively by the Special Counsel team. [Rosenstein testified to this June 2, 2020]

2. The Carter Page FISA warrant of June 29, 2017, was renewed during the tenure of the Special Counsel. They alone ran the FISA process for the third renewal.  Clinesmith did not lie until the Special Counsel stepped-in…  The timing speaks volumes.

3. Kevin Clinesmith’s boss at the FBI during the period for FISA assembly was a supervisory special agent and Trisha Beth Anderson was the lawyer responsible to sign-off on the final assembly. [LINK]

4. The Clinesmith criminal indictment (actually an “information”) informs that, while the Special Counsel was running the DOJ, and Andy McCabe was running the FBI, Clinesmith made this request to another government agency “OGA”:

We need some clarification on [Carter Page]. There is an indication that he may be a “[digraph] source.”

[LINK]

5. Why is this “digraph” redacted from the Clinesmith information?

6. Clinesmith continued:

“This [the status of Carter Page] is a fact we would need to disclose in our next FISA renewal…”

7. Why is the sentence following that critical question redacted from the Clinesmith indictment with “….”?

8. Clinesmith continued:

“To that end, can we get two items from you? 1) Source Check/ Is [Carter Page] a source in any capacity? 2 ) If he is, what is a [digraph] source ( or what ever type of source he is) ?”

[LINK]

9. Why again is the critical “digraph” source code redacted out of the Clinesmith indictment?

10. The entire issue is that a supervisory special agent is asking Clinesmith to ask the CIA whether Carter Page is any kind of CIA informant. Why redact out that specific material from the Clinesmith indictment, unless the intent is to conceal that material?

11. Why is the specific 2-digit number “digraph” supposedly secret, and why is the “type of source” omitted form the criminal information? The FISA affiant, SSA, is asking, “what is this kind of ‘source’ is Carter Page? He’s claiming to be a source, so check with the CIA to verify ‘if he is any kind of source.’”

12. Again, despite the redaction of what appears to be critical exchange, the Clinesmith indictment still includes asking for official CIA confirmation about Carter Page, “whatever kind of source he is.”

13. We know from the Clinesmith indictment that (at a minimum) he reported back that Carter Page “was a subsource” for the CIA.

14. So when the DOJ (now run by the Special Counsel) signed the Carter Page FISA renewal [June 29, 2017], we know without question that the FBI Supervisory Special Agent who reported directly to the FBI’s Deputy Director (McCabe) knew that Carter Page was at least a CIA subsource.

15. And we know without question that Clinesmith had been informed by the CIA that the CIA has already informed the DOJ and the FBI about Carter Page’s status, a year earlier, on August 17, 2016.

16. The CIA gave Clinesmith an email with all of that information. [LINK]

17. Without any push-back from the DOJ or FBI, in 2020, in connection with Clinesmith’s guilty plea, he stated that he (Clinesmith) never bothered to read the Carter Page file that the CIA gave to him. [LINK]

18. His boss had asked him specifically to check with the CIA as to the status of Carter Page. The CIA confirmed that Carter Page was some kind of source, and provided the file explaining it all.

19. Clinesmith first reports to his boss that the CIA has confirmed that Carter Page is some kind of a source – a “sub-source,” but we don’t know exactly because the “digraph” code describing what kind of source he was had been concealed out of the indictment.

20. What possible reason is there for the DOJ to redact out that code?

21. When Clinesmith reports to his boss that Carter Page is definitely some kind of CIA source, without question the SSA now knows:

“This [the CIA source status of Carter Page] is a fact we would need to disclose in our next FISA renewal…”

22. Yet a few days later, Clinesmith sends an email to his boss evidencing that Carter Page “was never a source.” Yet the DOJ’s indictment redacts the “digraph” code about this.

And…

23. Isn’t it a logical conclusion that the combination of the following highlight a DOJ whitewash: (i) the redactions of the digraph code from the indictment, “(ii) the DOJ allowing Clinesmith, unchallenged, to assert that he “did not recall ever reviewing the documents referenced in the [CIA’s] email” disclosing Carter Page’s informant status with the CIA.

24. And how could a veteran FBI attorney (Clinesmith), in the space of a few days, twist “A” into “B”?

25. Here is “A” the process the FBI started with:

Getting “clarification on [Carter Page]. There is an indication that he may be a “ [digraph] source… we would need to disclose in our next FISA renewal… To that end….[contact the CIA and find out]: (1) Is [Carter Page] a source in any capacity? and (2) If he is, what is a [digraph] source (or what ever type of source he is)?”

26. What was “B”?

After first telling his boss that Carter Page was a sub-source, Clinesmith changed the official story by then stating that Carter Page “was not a source”, as if there is some distinction between being a CIA-approved “source” versus a CIA-approved “sub-source.”

27. Clinesmith’s boss knew this change of story was a smoking gun of a fix. How do we know that? Two issues:

28. First, the Clinesmith indictment concedes it, although it is buried. SSA asked Clinesmith whether the FBI “had it in writing” from the CIA that Carter Page “was not a source.” That’s not a question in this scenario, that’s an instruction.

29. Clinesmith knew any written claim that Carter Page was not a source would be untrue, because the CIA had informed them specifically that Carter Page was working with the CIA as a [digraph], and that his role was described in the CIA briefing memo to the Crossfire Hurricane team dated August 17, 2016. [LINK]

30. The Crossfire Hurricane team consisted of many senior members of the DOJ and FBI who eventually overlapped into the Special Counsel [They had to know what was going on with this June 29, 2017 renewal]

31. Clinesmith also knew Carter Page was a source for the CIA. He deliberately falsified the CIA email to try and create a CYA position for the use of the FISA application. For this event he has now plead guilty to a felony.

32. What happened during the four days: June 15, 2017 to June 19, 2017, that caused FBI attorney Kevin Clinesmith to commit a felony by doctoring an email from the CIA?

33. What happened during the four days June 15 to June 19, 2017, that caused the FBI to pivot from asking about Carter Page’s status with the CIA “in any capacity, and whatever type of source he is” – to later stating something from the CIA they knew was untrue?

34. Trisha Beth Anderson signed-off on the Carter Page FISA application, a title-1 surveillance warrant, under penalty of perjury…. even though we know the application contained materially false information and omissions.

35. Trisha Beth Anderson claims she signed the FISA affidavit(s) because it/they were presented to her in a rather unusual manner. [LINK]

In front of a joint session of the House Judiciary and Oversight committees on Aug. 31, 2018, former FBI Deputy General Counsel Trisha Anderson said she was normally responsible for signing off on Foreign Intelligence Surveillance Act applications before they reached the desk of her superiors for approval. Anderson said the “linear path” those applications typically take was upended in October 2016, with FBI Deputy Director Andrew McCabe and Deputy Attorney General Sally Yates signing off on the application before she did. Because of that unusual high-level involvement, she didn’t see the need to “second guess” the FISA application.

36. Why did she do this? She disclosed why in her previously hidden testimony to congress (August 2018). [LINK]

Anderson said all FISAs need to be signed off on in the FBI’s National Security Law Branch, where she was assigned at the time. Anderson said she was the Senior Executive Service approver for the “initiation” of the Page FISA, including determining whether there is legal sufficiency.

But Anderson stressed “in this particular case, I’m drawing a distinction because my boss and my boss’ boss had already reviewed and approved this application.” She emphasized “this one was handled a little bit differently in that sense, in that it received very high-level review and approvals — informal, oral approvals — before it ever came to me for signature.”

Anderson said that FISA approvals are typically “tracked in a linear fashion” and that someone in the Senior Executive Service “is the final approver on hard copy before a FISA goes to the director or deputy director for signature.” She said the Page FISA was approved outside regular procedures. (more)

37. Anderson had signed-off on earlier Page FISA applications because they came to her already signed: ex. by James Comey (FBI) and Sally Yates (DOJ).

“Because there were very high-level discussions that occurred about the FISA,” Anderson said she believed that meant “the FISA essentially had already been well-vetted all the way up through at least the Deputy Director [McCabe] level on our side and through the DAG [Yates] on the DOJ side.” Yates had already signed the application by the time it made it to Anderson’s desk.

38. When she signed-off on the last Carter Page FISA renewal (June 29, 2017) the Special Counsel was now running the DOJ. Andrew McCabe was in position and running the FBI

39. Trish Anderson signed-off the prior Carter Page FISA’s because they were presented to her pre-approved and pre-signed by the FBI and and DOJ leadership.

“The General Counsel [Jim Baker] … personally reviewed and made edits to the FISA, for example,” Anderson said. “The Deputy Director was involved in reviewing the FISA line by line. The Deputy Attorney General over on the DOJ side of the street was similarly involved, as I understood, reviewing the FISA application line by line.”

[…] Anderson stressed that McCabe, Yates, and Baker all played key roles in reviewing the Page FISA. “My approval at that point was really purely administrative in nature. In other words, the substantive issues — the FISA had already substantively been approved by people much higher than me in the chain of command,” Anderson said.

Anderson said it “typically would not have been the case” that people such as McCabe and Yates would sign off on a FISA application before she did.

“That part of it was unusual, and so I didn’t consider my review at that point in the process to be substantive in nature,” Anderson said. “In other words, there were smart lawyers, high-level people on both sides of the street who had reviewed and signed off on the application, the details of the application. And so I was simply signaling, yes, this package is ready to go forward.”

Anderson said the seal of approval from such high-ranking FBI and DOJ officials meant that her signature on the FISA application was mostly perfunctory. (more)

40. General Counsel Jim Baker and Deputy FBI Director Andrew McCabe was Anderson’s FBI boss when she signed-off on a false affidavit and assembly. Rod Rosenstein was Deputy Attorney General.

41. Additionally, on June 29, 2017, the special counsel was in control of the DOJ and DOJ-NSD. This third renewal was under their authority.

42. Who told/influenced Kevin Clinesmith to change events and paper the file with a false claim that Carter Page was somehow not a CIA asset?

[Transcript Link]

42. AG Bill Barr knew from December 9, 2019, about Kevin Clinesmith’s felony forgery when OIG Inspector General Michael Horowitz made a criminal referral for the discovery. Why delay the indictment until August 20, 2020?

This thing reeked of another institutional preservation approach. What I suspected, now proven, was that Bill Barr did not want to touch any material that contacted the Weissmann/Mueller special counsel… however, what took place under the Weissmann/Mueller special counsel is actually more corrupt than any activity that preceded it.

What I also strongly suspected was that Bill Barr was using his oft stated “I will not allow the DOJ to be political” as a crutch in his preservation approach. If nothing from the world or sphere of politics is allowed to enter the world or sphere of the DOJ then what is supposed to happen with all those years of congressional evidence gathering?  This is exactly what took place.

Keep in mind I made first hand contact with the Durham investigators to confirm their intense alignment with Barr’s directive.  We knew from July 2020 that nothing from any embargoed political silo would ever be prosecuted regardless of how it percolated out.

If you read all the material you will see there was clearly no arrangement for Kevin Clinesmith to have provided any other evidence to the DOJ. This was a one-and-done move EXACTLY LIKE former SSCI Security Director James Wolfe. The parallels were  very similar.

Clinesmith Supporting Statement:
https://int.nyt.com/data/documenttools/clinesmith-statement-of-the-offense-and-plea-agreement/7df4d0b6279bbf20/full.pdf

Clinesmith indictment/information:
https://int.nyt.com/data/documenttools/kevin-clinesmith-court-documents-filed-by-john-durham/73f2632106afc317/full.pdf

Clinesmith Plea agreement:
https://www.politico.com/f/?id=00000174-0950-dac0-adf5-1bf481a00000

Game Stop Can’t Be Stopped


Re-Posted from GrrrGraphics.com JAN 28, 2021 AT 9:31 AM

Hey Hedge Fund Guys..Learn To Code!

The plannedemic helped the mega rich get mega richer while the little people got poorer. The biggest global corporations got bigger while smaller businesses were told they weren’t necessary. They were locked down. Many companies struggled was a result. Like weakened animals, they became prey to the powerful wolves that are Wall Street hedge funds. The hedge funds specialize in ‘shorting’ targeted stocks.

A fund ‘borrows’ company shares from brokerages in a process known as ’selling short.’ For example, if you own shares of XYZ Corp., they can be borrowed by a hedge fund and then sold on the spot without you even knowing about it. With enough short selling the price of the stock goes down. The hedge funds eventually buy back the shares at much lower prices and pay back what they borrowed. This is known as short ‘covering.’ They profit by a stock’s decline. The shorts prey on vulnerable companies and hope to drive them out of business. When that happens they don’t even have to cover.

Many investors consider hedge funds to be villains because they destroy companies and jobs. Elon Musk railed against those who shorted his company, Tesla. Some consider shorting to be a form of robbery.

The hedge fund robbers are now complaining about getting robbed. They expected GameStop to go to zero. Instead it quickly went up from a few dollars to over $300 and cost them billions. Not only had they massively shorted GameStop, they were also ‘naked’ short, which means they sold shares they didn’t even borrow. Shares that never existed. How can they pay those shares back? They can’t, and many young people caught onto what was going on. When one of their beloved companies was attacked by the hedge funds, the millennials fought back by buying shares. They spread the news about GameStop on social media sites such as Reddit and 4chan. Many who got in early become millionaires, but many are doing it for another reason: It’s not about money so much as teaching the powerful Wall Street oligarchs a lesson.

The millennials have gotten the short end of the stick. They’re burdened by college debt. They don’t have jobs that pay a decent wage. They’ve been marginalized and treated as inconsequential little people. They have been cut out of the American Dream, while mega-billionaire globalists collect more wealth and power. Yet in this instance the weak and powerless have successfully fought back. What they have revealed is just how rigged and collusive Wall Street has become. So has the regime that recently and blatantly stole a presidential election. The top of the pyramid have revealed themselves to be hopelessly corrupt. They are liars and ruthless con men. They are criminals who don’t have to follow their own rules while they display contempt for the powerless.

The SEC doesn’t care if hedge funds are naked short, which is supposedly illegal. Instead, the regulators want to shut down the ‘longs’ who are buying GameStop. The little people always get the blame. A hedge fund going bankrupt and losing billions of dollars can’t be tolerated, so now it appears that the corrupt brokerages and regulators are going to change the rules midstream—just as the Democrats changed voting rules in key states to steal the election. The corporate media are already blaming those who bought GameStop stock. The little people are accused of ‘manipulating’ the stock. Next they’ll be smeared as ‘financial terrorists,’ when in fact it’s the naked shorting hedge funds who are the real terrorists.

In this instance, the little people have won—even if GameStop is forced back to Earth. What the millennial generation has shown us is just how corrupt and rigged the stock market really is. My hat is off to them. Seeing them win a battle against a powerful and corrupt financial system sure does help morale.

The Rise & Fall of California


Armstrong Economics Blog/The Hunt for Taxes Re-Posted Jan 29, 2021 by Martin Armstrong

Thank you & the Interesting Times We Live In


Armstrong Economics Blog/America’s Economic History Re-Posted Jan 29, 2021 by Martin Armstrong

I just want to say thank you for all the emails I have been getting. These are difficult times, indeed. Nevertheless, the upside is that these tumultuous times are the precursor to reform we all long for. We are all in this together and I am fighting for my grandchildren. I will be gone so I am not doing this for personal gain. At times it is tempting to just shut up and walk the beach until it is time to beam me out of this crazy world. But what I leave behind is all that matters I suppose. We are all dealt a set of cards. When I look back on my life I just followed my nose without ever seeing a path to achieve. Everything I have done in life has led me to where I am today basically by fate or chance. All the people I have met and those who have called upon me have been for the model, not me personally. It has always been what does Socrates say – not my personal opinion.

But as we see there is push-back showing from around the world. New York City has been destroyed. The arts will not come back for the entire culture was more than just local. Many times I attended a Broadway play in New York and at least half the audience were tourists mostly from overseas. With international travel decimated and the fear, the press has created in the hearts of so many that people no longer shake hands.

While Schwab and Gates have been pushing the lockdown strategy which is really to reduce CO2, they are destroying so many jobs and businesses. They have brainwashed many who argue just tax the rich but they fail to understand the “rich” are small businesses and they are not so rich. They envision the people with their $50 million homes and their billion-dollar companies, but the top income tax bracket even includes AOC and all politicians. It is hard to get through all the FAKE NEWS, but there are significant amounts of people around the globe who are waking up and hearing the call from the wilderness.

Some ask: Why do I quote history so much? History repeats because human nature never changes. It remains the same throughout history. The Impeachment of Donald Trump is just vengeance and the Chief Justice has refused to preside because the Constitution calls for the removal from office. Under the theory of the Democrats, we can go back in time and impeach Clinton or Obama. Yet even this vengeance is not unique. However, it is a warning that we do face a complete breakdown of the political stability of the nation and the world.

The most dramatic political struggle offered by history comes from the trial of Pope Formosus (891-896) that took place nine months AFTER his death by the succeeding Pope Stephen VI (or VII)(896-897). Stephen was a family member of Italian aristocrats who Formosus abandoned and crowned Arnulf, the East Frankish king, Holy Roman Emperor. Once Stephen seized the Papacy, he sought to destroy Formosus’ supporters and had the corpse of Formosus redressed in papal vestments and propped up and put on trial. Obviously, he did not defend himself very well. Because of this affair, Stephen was seen as a hateful man whose actions were extreme and thus he quickly fell out of favor was imprisoned himself, and later strangled to death.

If Trump were dead, the hatred pouring out in Washington would probably do the very same thing – dig up his dead body and put him on trial in the Senate. What’s next? We dig up Thomas Jefferson instead of toppling his statues and put him on trial for fathering children with his black slave? During the French Revolution, they dug up all the bodies of the former kings and chopped them up, and threw them in a common grave at Saint-Denis in Paris. This stone marks all the former kings thrown into a common grave.

Real Estate Boom – Mass Exodus from Cities


Armstrong Economics Blog/Real Estate Re-Posted Jan 29, 2021 by Martin Armstrong

We are witnessing a phenomenal shift in real estate where everyone is bailing out of urban cities throughout the country. Even property in the Hamptons has been exploding with people fleeing NYC. While many hedge fund managers are moving to Florida and thousands of companies are fleeing California to Austin or Dallas, Texas, many others are just moving to the suburbs. Others have been moving to Texas and Florida just so their kids can play sports. Indeed, many city dwellers from New York have moved to Dallas. As one reader explained:

I loved your blog today on fake news and read your emails usually 1st thing every day. The top picture looks like the NC seal. Who is that in the picture?

I live in Charlotte and it’s growing like crazy. My next door neighbor moved down from the DC area and 3 houses down the people moved from CA. The previous owner of the house sold to CA people moved to TX because NC high school football was shut down. He had 2 sons playing football and he is a former NFL QB, whose last job was a backup with the Eagles.

The private schools here are having a surge of new students because so many are moving here and the public schools have remote learning.

I personally want to move towards the SC/NC  coast and get out of Charlotte as its so liberal. We’re not rich but our house has appreciated to crazy levels and I see property taxes going crazy.  

TP

Talking to friends in Orlando, they have witnessed the same trend. People moved to Orlando just so their kids could play sports.

Meanwhile, more than $1 billion is owed in back rent thanks to the lockdown in New York City. Governor Cuomo is looking at the state’s loss in revenue and hinted that New York can help to dig out by legalizing gambling and marijuana sales. Governor Cuomo seems to be living in a fantasy world. He has actually said NYC will reopen soon and everything will come back. He  also said, “You’re going to see the arts coming back.”

I personally enjoy the theatre. I had season tickets with designated seats for the season. That was a complete waste, and when they asked if I would renew, I declined. The Broadway plays travel around the country. That came to a complete halt. So it is not just the theatre in New York, as they shut it down nationally. Sorry, I would no longer buy a ticket until they are open and the political nonsense is over. But that does not seem likely until we pass 2022.

The Law & Robinhood


Armstrong Economics Blog/Corruption Re-Posted Jan 28, 2021 by Martin Armstrong

QUESTION: If there is anyone who has fought the club it is you. Keeping you on civil contempt for 7 years when the statutory maximum is 18 months and they released you only because the Supreme Court was taking your case as an example of the corruption in New York. HSBC pleads guilty criminally and has to return all the money and you had no restitution but the banks didn’t go to jail. That is nothing that was supposed to be American Justice. So what is your opinion since you have also warned to stay out of the New York courts when this class action lawsuit was just filed?

Thank you for surviving their corruption.

GR

ANSWER: Shutting down the market in GME is outrageous. But this is by no means unique. Back in 1980, the COMEX did not shut down the silver market to force the Hunt brothers out of silver, but they made it much more expensive to be long v short. They aided the investment bankers as always. Even the Chicago Board of Trade raised the margin to trade silver by 10x the very day of the high – January 18th, 1980. History repeats because the corruption never changes.

GameStop – Who Done It?


Armstrong Economics Blog/Basic Concepts Re-Posted Jan 28, 2021 by Martin Armstrong

While many pundits are calling this the “squeeze of a lifetime” and a war of retail against the hedge funds, in reality, it was a PERFECT cyclical move after 13 years down. Of course, they are claiming that a band of retail are waging war against the Hedge Funds and the press is claiming “one big question amid the frenzy has been how much the little guys really matter.”

Even AOC has chimed in saying “Gotta admit it’s really something to see Wall Streeters with a long history of treating our economy as a casino complain about a message board of posters also treating the market as a casino.” She then added: “Anyways, Tax the Rich.”

While this is being portrayed as some fluke and others are calling for an investigation that this is just manipulation and a pump and dump, interestingly Socrates picked the low in April 2020 and then entered at first a Breakout Mode in August where the model was calling for a high in many different stocks, and then in September, it entered a Phase Transition mode which is a doubling in price when it closed at 1020. It has now been 8.6 months from the April 2020 low.

When we look at the Timing Array, January was a Target with high volatility coming in February and the next turning point will be in March followed by June. Most interesting is that here too we see a Panic Cycle shaping up for August 2021.

When we look at the monthly chart, the breakout began in January when it punched through the Downtrend Line. It then rallied to the Breakout Line at $200 and moving through that you had the classic Phase Transition.

Monday opened below our Projected Opening Resistance at 99.17 coming in at 96.73. It fell back to fill that gap and closed below the opening print.  What I find really ironic is how a band of retail investors and traders are being blamed for a war on Hedge Funds. Any Hedge Fund that was short this stock was not a professional, to begin with. I would think any basic technical analysis would have screamed “buy” so if they did not listen, they were trying to manipulate the market assuming they had the power. The huge gap up is clearly shorts bailing out who should have been out a long time ago. As noted, this has been in a bullish trend for about 9 months.

My conclusion is that this rally is not a “manipulation” but an attempt to suppress the market and as such the shorts were compelled to bailout. But that is their fault because they were fighting the charts. Hence, the retail participants should not be pounding their chest just yet. The sharp rally is also due to a lack of liquidity. This does not appear to be a pump and dump against the established trend, as the trend was up to start with.


YES – GameStop is a covered market on Socrates Platform

If you aren’t already signed up for Socrates, you can view the different membership options here. To access Reversals and Arrays (as referenced above), you’ll need to sign up for the Pro Membership.

If you are already a Pro Member and are looking to expand the time horizon of the models and have access to a few additional features, consider upgrading to the business version of Socrates.

Acting DC Chief of Police Wants Permanent Fencing Around Capitol


Posted originally on the conservative tree house on January 29, 2021 by Sundance

The reality of DC elites demanding walls to protect them from the common American is a stunning shift in outlook from when the U.S. Capitol used to be considered “the people’s house.”   Alas the voices are now asking for exactly that… a permanent fence to keep the American people away from those who run government.

WASHINGTON DC – The acting chief of U.S. Capitol Police called for permanent fencing around the Capitol building days after she said that the department “failed” in its efforts to protect the sprawling complex on Jan. 6 when rioters stormed the building.

“In light of recent events, I can unequivocally say that vast improvements to the physical security infrastructure must be made to include permanent fencing, and the availability of ready, back-up forces in close proximity to the Capitol,” Acting Chief Yogananda Pittman said in a statement.

The move would be a striking shift from the accessibility many Americans have enjoyed over the years visiting the grounds of “The People’s House,” such as sitting on the lawn in front of the building, accessing the trails and green spaces around the building and field trips to the steps of the Capitol by schoolchildren. (read more)