Custodial Risk in New York City


QUESTION:

Hello Marty,

Your commentary and Socrates’ predictive capacity is ground-breaking. I have been following you for years. Thank you for your time and efforts.
I find it fascinating that the foretold decline of the West (by Socrates) coincides with the fourth-turning demographic study described by Strauss & Howe. Watching it unfold is causing some careful consideration and sleeplessness!

Few questions regarding the future disruption:

1) Could the pledging of negative-yielding bonds as collateral be causing the liquidity problems? As a private lender myself, how can a central bank (or anyone) lend against its par value (even overnight) when held to maturity you receive less than par?
2) What Brokers can protect against a Corzine / MF Global invasion of segregated accounts?
3) I am an Italian national. Do you think living low-key in Panama may be a way to ride out the coming chaos?

I appreciate your insights and opinion.

All the best,
JTK

ANSWER: There is about $17 trillion in outstanding negative-yielding bonds. It is far too complicated to go into great detail on a mere blog post. Suffice to say that the negative-yielding bonds are going to crash like something not witnessed since 1931. While a complete default is not likely prior to 2025/2026, we are going to witness the start of the collapse in 2020. These bonds have been bought by PUNTERS who are just trading them back and forth like a game of musical chairs. When the music stops, a lot of people will get caught holding these new 2.0 versions of financial debt bombs. Nobody is buying these things to actually hold. It is more akin to trading commodities where people are not actually interested in taking deliveries of lumber, hogs, silos of wheat or bars of silver. These are trading instruments only.

 

I strongly urge people to write to the White House and demand LEGAL REFORM in New York City. The entire fate of both the world economy and the domestic economy rests on the integrity of the rule of law which no longer exists. President Trump has the power to address this problem. He could clean house in the SEC and CFTC who will ALWAYS protect the bankers, as is the case in the Department of Justice. The banks have blown up the entire world economy. M.F. Global was using their clients’ money for its own punting and lost big time. Not a single banker was EVER changed, no less Corzine.

GlennJudge Martin Glenn presided on M.F. Global bankruptcy and created the first BAIL-IN without Congressional Authority. He was the first one to engage in FORCED LOANS by abandoning the rule of law to help the bankers and protect Corzine from losses by taking client accounts to cover M.F. Global’s losses. That is no different from what we saw in Cyprus. He simply allowed the confiscation of client funds when in fact the rule of law should have been that the bankers were responsible and M.F. Global’s losses and it should have been reversed. Never should the clients’ funds be taken for M.F. Global’s losses to the NY Bankers.

What Judge Martin Glenn’s ruling warns is you should NOT trust any company based in New York City. No other circuit would uphold what Glenn did to protect Corzine. While Glenn could not prosecute Corzine, the Department of Justice closed its eyes as did the SEC and CFTC. We lack legal integrity and that leaves a COUNTRY RISK that we would have to warn a client about if we were dealing with a third-world country. This is part of the reason China is still lagging behind. There MUST BE a straight forward Rule of Law or capital that cannot invest if there are no definitive rules.

As far as Panama is concerned, it has been one place that people have moved. Another is Thailand if you are looking at Asia

When Justice Isn’t


by Tabitha Korol

A letter written by a local elementary school teacher, I’ll call “Mrs. Krieg,” was brought to my attention by a mutual acquaintance.  In light of the notice that honor classes will be discontinued, she thoughtfully agreed that equity (defined as fairness and impartiality) in the schools should benefit all students.  Regrettably, she has been influenced by terminology that has been devalued and redefined to become a tool for social engineering among students.  Such revisionism has been applied to Equity, Diversity and Social Justice, and comes at the expense of freedom and true justice.

Honors classes were designed to challenge students academically.  The advanced work, faster pace, and higher course-credit weight have provided for smarter, happier, well-rounded children who had the opportunity to flourish according to their capabilities and not misbehave out of boredom.  But now, the authorities have determined it best to cancel the honor courses across the country because of a “lack of diversity” – that is, more Caucasian and Asian students were engaged than Blacks, Latinos and Native Americans.  Instead of also providing honors classes that meet the interests of the low-energy students – perhaps music, theater, artisanal handicrafts – the Department of Education has decided to close the achievement gap by lowering the bar and expectations and discontinuing all incentives.  Mrs. Krieg did not foresee that by eliminating the incentives and opportunities, the resulting “equity” would be mediocrity and the loss of exceptional achievement.

Now the Department of Education will generate equity in boredom, discontent, resentment, truancy and delinquency.  Academia is not unaware of these inevitabilities.  Their purpose is not an improved education but the decline of achievement and the elimination of the exceptional. Former President Obama expressed a similar derogatory outlook when he denounced high-achieving Americans with, “You didn’t build that.”

Diversity in the schools no longer describes a richness of ideas, course studies, or specialty careers, but defines and categorizes the students themselves, by race, religion, ethnicity, financial status, sexual orientation, and however else the students choose to differentiate themselves.  As with the term “equity,” the meaning of “diversity” has been corrupted, as it now implies division, divisiveness, and discord, the opposite of E Pluribus Unum – Out of many, One.  These differences have led to a totalitarian-style monitoring and bullying – called Speech Control, necessitating “Diversity Officers” with doctoral degrees, credentials in counseling and inclusion techniques, and six-figure salaries reflected in higher tuition costs.  The officers’ mere presence confirms the growing disharmony, isolation, discrimination, harassment, and violence that characterize the socialist strategy.  These points are significant:

  • Many schools have implemented a policy of discouraging the bonding between classmates, beginning with Kindergarten, alleging that “best friends” keep the students from mingling with This is false and destructive.  Best friends are a mutual support system, as they learn to agree, compromise, comfort, accommodate, and be reliable, traits needed throughout their adult lives.
  • Schools now place students at their computers for hours, removing eye contact and discussion opportunities with others, disallowing autonomy over time scheduling, reducing writing and penmanship with its inherent creativity. Presidential hopeful Kamala Harris said she would increase daily school time by three hours, thereby seriously reducing home and family activities, personal growth, and individual achievement.
  • Academia has introduced “intersectionality” to diminish the self and encourage victimhood by race, ethnicity, sexual orientation, gender, family class; the more the classifications, the higher their status.  Instead of a unitedness with school and pride of citizenship in their own country, they are now tribalistic, divisive, and intolerant.
  • Bigotry against Jewish students and staff (antisemitism) is on the rise and spreading.  History has shown that Jews are always the first, but never the only ones, to be attacked.  The hostility is growing to include whites (white supremacy), extending to our founding and history by the socialists and Sharia-compliant; and towards boys (toxic masculinity), diminishing their self-worth and ambitions, and damaging their  God-given purpose of contributing to our nation’s growth and defense.  Boys must become men: marry and support their families, be strong fathers and teach morality to the next generation.
  • The removal of God from the schools and population’s psyche has produced a plethora of new definitions that facilitate a ruling class, convince the public to tolerate lawlessness over sovereign borders, and to submit to the measured demands of sharia made by the Muslim Brotherhood and affiliates on campus and in the media.
  • The Common Core standards introduced new courses: intentionally convoluted math that prohibits parental participation; dystopian and uninspiring literature that offers limited creative vocabulary and replaces inspiration with fatalism; inaccurate and indoctrinating history lessons that misinform students about our growth and successes and secretes the truths about Islam; and social studies that support a political agenda.
  • With individuality stifled, the children are indoctrinated to think alike, falter alike, and expect equal return for widespread mediocrity.  This equity in communist countries has produced  stagnation in education, the economy and real income; slow improvement in everyday services and medical care; shortages of goods; rising criminality and corruption, along with an increase in alcoholism, particularly in Russia.  Socialism kills the spirit of personal endeavor.
  • The introduction of transgenderism is ruining the lives of many children, psychologically and physically, wrecking all opportunities for happiness in marriage and family, leading some to suicide.
  • The threat of climate change, perhaps the greatest hoax, is the extensive control over all life, which would bring a scarcity of energy, failing manufacturing firms and  retail operations, vilified consumerism, diminishing food supplies, curbed transportation for people and food distribution.  The environmentalists purposely falsify the data about climatic conditions in order to throttle human activity – which they hate – to produce their worshipped green planet.
  • In short, the goal of the left is to crush the human spirit.  Pride in accomplishment must be stifled, progress discouraged, and the dispirited population reminted into the globalists’ compliant working class.

Contrary to Mrs. Krieg’s understanding, the term “diversity” was invented to con the populace into accepting all incoming non-citizens.  Regardless of criminality, disease, or hatred for the American flag, they must be housed, fed, clothed, educated and medicated.  Multiculturalism is already the downfall of several European countries due to cultures that are too disparate for assimilation.  Muslims come to replace their hosts’ laws with their sharia and establish yet another oppressive totalitarian Islamic state.

Justice becomes injustice when the word needs a modifier.  “Social justice” means a revision of laws to accommodate a socialist agenda.  True justice is served only when the interests of Americans are considered, when Americans can, of their own volition and in their own time, partake of the promise of “life, liberty and the pursuit of happiness.”  The authoritarian government seeks total/totalitarian control over the masses to forcibly produce identical workers, taught and indoctrinated to comply with the needs of the regime.

The final outcome is not unknown to mankind.  We have seen countries fall to socialism, fascism, and Islam, and the vulnerable children are always the first to feel the effects of the increasing control.

Now is the time to act if we are to avoid Orwell’s dire warning: If you want a vision of the future, imagine a boot stamping on a human face – forever.

Tabitha Korol

https://tinyurl.com/y7e6z63d

 

How Joe Biden Made His Millions


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Joe Biden used to joke about being the poorest member of Congress. Now, he and his wife Jill Biden are millionaires. The 2020 presidential candidate, who has touted himself as a champion of the middle class, released his tax returns. The documents show the Bidens made more than $15 million in the two years after they left the White House.

Ed Klein details the rift between Bill and Hillary Clinton


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DiGenova: Comey, Clapper and Brennan will have to pay the ‘Barr bill’


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Barr taps U.S. attorney to investigate Russia probe origins; reaction and analysis from Joe DiGenova, Rep. Jim Jordan and Robert Ray on ‘The Ingraham Angle.’ FOX News operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Radio, FOX News Headlines 24/7, FOXNews.com and the direct-to-consumer streaming service, FOX Nation. FOX News also produces FOX News Sunday on FOX Broadcasting Company and FOX News Edge. A top five-cable network, FNC has been the most watched news channel in the country for 17 consecutive years. According to a 2018 Research Intelligencer study by Brand Keys, FOX News ranks as the second most trusted television brand in the country. Additionally, a Suffolk University/USA Today survey states Fox News is the most trusted source for television news or commentary in the country, while a 2017 Gallup/Knight Foundation survey found that among Americans who could name an objective news source, FOX News is the top-cited outlet. FNC is available in nearly 90 million homes and dominates the cable news landscape while routinely notching the top ten programs in the genre.

DiGenova: FISA report will be explosive


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Joe DiGenova and Victoria Toensing discuss the highly anticipated FISA report. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London.

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Biden and Kerry Share Ukraine Links Covered Up by State Department Crony


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Visit The Patriot Post: America’s News Digest http://bit.ly/2MS5vAo —– Fox News panel explodes when Steve Hilton accuses former State Department spokesman Marie Harf of covering up the link between Secretary of State John Kerry’s chief of staff and Burisma, the Ukraine energy firm that paid Hunter Biden $50,000/month for his lack of expertise. The revolving door between the federal government, the media, government contractors, and party politics, creates a positive feedback crony loop that guarantees taxpayer cash to fund corruption. Stephen Green, Bill Whittle and Scott Ott host five new episodes of Right Angle each week thanks to our Members. Their devotion to liberty, equal justice under law, and free speech makes them the kind of people you should get to know. Join them today at https://BillWhittle.com

Biden Lied – Emails Show Burisma Executives Leveraging Hunter Biden Membership as Pressure on U.S. State Dept. For Assistance in Removing Ukraine Corruption Probe…


Well, well, well…. everything Joe Biden and the Obama administration previously denied taking place is now documented as having taken place.  Newly discovered emails between Ukrainian energy company Burisma and State Dept. officials show the company was leveraging Biden’s affiliation with the company to get U.S. govt assistance.

As a result of a FOIA lawsuit journalist John Solomon has received emails between the Burisma energy company and U.S. State Department; where Burisma seeking U.S. government assistance to get the Ukraine prosecutor to drop a corruption probe against the energy co., and leveraging Hunter Biden’s board membership toward their efforts.

This is the evidence the media said didn’t exist:

(Source pdf Link)

The eventual outcome was Vice-President Joe Biden threatening to withhold $1 billion in U.S. financial aid to Ukraine if the Ukrainian government did not fire the prosecutor and drop their investigation of Burisma.  Ukraine fired the prosecutor and dropped the investigation.   [Full Solomon Article Here]

Marie Harf unavailable for comment….

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A Domestic Violence GAME CHANGER


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