Socialism Does NOT Work | Daniel Hannan | Oxford Union


Published on Dec 18, 2013
Daniel Hannan gives his argument that Socialism does not work. SUBSCRIBE for more speakers ► http://is.gd/OxfordUnion Daniel Hannan opens with a quote from a from a previous socialist known as Adolf Hitler. The socialist voters elevated cohersion over freedom. The human nature of dog eat dog and ambition to do well was harnessed by capitalism to a socially useful end. He highlights that there are no socialist countries in the wolrd today (e.g. Cuba, Zimbabwe etc) that have persormed better than capitalist one. He concludes his rousing speech with by saying socialism does not work and the house must vote for freedom.

President Trump Delivers Impromptu Remarks Departing White House….


Chopper pressers are the best pressers. As the president departed the White House for Camp David, President Trump stops to deliver remarks on ongoing events to the assembled press pool.  [Video Below – Transcript will Follow]

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Homeland Security and Counterterrorism Advisor, Peter Brown, will accompany the President to Camp David this weekend to provide regular updates on Hurricane Dorian. Also traveling with the President were Acting Chief of Staff Mick Mulvaney, Senior Advisor for Digital Strategy Dan Scavino and Press Secretary/Communications Director Stephanie Grisham

EU President Donald Tusk: Domestic Politics Could Drive Britain Out of EU….


I must admit at first I was going to present this as a “Friday Funny“, because the statement is a nomination for this year’s Captain Obvious Award.

“Domestic politics could drive Britain out of the EU”…  Gee, ya think?

Well, duh.  Of course it’s those pesky British domestics, those vulgarian masses, that are driving Britain out of the EU.  It is stunning to see a person say that out loud as if there was some other mysterious force that could have created the Brexit referendum.

However, beyond the stupid humor of the comment, and believe me it had me in stitches for more than a few moments, Tusk’s outlook actually opens a window into the knuckleheaded collective mindset that exists within the EU:

“The main political problem with Brexit is the situation inside Britain … the emotions related to this show that we are all victims of Britain’s internal politics.” (link)

Perhaps it’s just because we are inherently American, that this outlook, this collective elitism as highlighted by Donald Tusk, just seems to personify everything wrong with their entire assembly.   The Tusks of the EU just cannot fathom a system of government where the people actually get to determine their own future.  It’s remarkable to watch and hear.

EU President Donald Tusk was never elected by people, he was appointed by a technocratic system filled with central-planning bureaucrats.   At the most basic of cognitive capabilities, the Tusks writ large cannot understand individual liberty, individual freedom, self-determination, etc.

Not only can they not comprehend it, the very fiber of their DNA has no connection to the concept of individualism.   The elitism within the modern EU is ridiculous.

 

President Trump Reacts to IG Report on James Comey Conduct as FBI Director….


The IG report on the behavior of FBI Director James Comey clearly validated President Trump’s 2017 decision to fire him.   Mr. Comey is described as a highly self-interested person within the department who saw himself above all rules applied to others.

Today, President Trump tweeted about the IG findings:

From the CTH review of the report content, there is absolutely no doubt James Comey used his memos akin to FD-302 investigative reports from an FBI agent. Meaning, from beginning-to-end James Comey considered himself an investigative agent against the President-elect and then President Trump.

Note: From Comey making a record of his encounter with the target, President-elect Trump, should be: “treated like FISA derived information in a counterintelligence investigation.

This outlook highlights James Comey’s disposition.  During this January 6th operation, Comey was an active FBI agent gathering evidence for later use. The collected intelligence would be shared with the FBI team via memo #1.

Remember the Lisa Page Texts from the same date?

The FBI likely redacted almost all of that text because it outlines the distribution of the evidence Comey was collecting. Comey’s memos were essentially FD-302 reports, and the officials within the DOJ and FBI didn’t want that exposed. The Lisa Page text was heavily redacted because it would have shown the January 6th encounter was an operation against Trump.

Every encounter, and every aspect of every action within that encounter, was conducted in what Comey perceived as an official investigative capacity.

President Trump was the target of Comey’s operations and he wrote his memos as investigative notes therein. Example: Comey ran the January 6th, 2017, operation:

So the “small group”: Comey, McCabe, Strzok, Page, Baker, Priestap, Rybicki, et al, were running a counterintelligence operation against the incoming administration.

There are parts of the IG report highlighting a stunning amount of self-interest.

Example: Who made the decision(s) about what “was” or what “was not” classified? Or, put another way: who was making the internal decisions about Comey’s exposure to legal risk for sharing his investigative notes (memos) outside the department?

The answer is the same “small group” who were carrying out the operation:

James Baker, Peter Strzok, Andrew McCabe, James Rybicki and Lisa Page were determining what parts of James Comey’s investigative notes needed to be classified.

The corrupt FBI was in position to police itself. This is not a conflict of interest, it is better described as a profound conflict of self-interest.

The information the ‘small group‘ wanted to use to frame the target would be visible, not classified; however, any material that would outline the construct of their corruption in targeting the target would be hidden, classified. You can’t make this stuff up folks.

The “small group” WAS the sources and methods they were protecting.  They were protecting themselves.

Everything needed to understand that level of corruption is outlined in the way the IG report discusses the handling of James Comey’s investigative notes (ie. memos). AND the fact that James Comey kept them hidden, yes hidden. Read this stuff:

First, “no hard copies of any of the memos were found in Comey’s FBI office.”:

So, if the memos were not held in Director James Comey’s official FBI office, the next logical question is where were they?

Well, when Special Agents went to James Comey’s house, he still kept them hidden and never informed the agents:

It is worth noting James Rybicki went to Comey’s house along with three supervisory special agents to pick up FBI property.  Prior to this event Comey had already given Rybicki the memos as evidence in the case against Trump.  However, neither Comey not Rybicki told the SSA’s about the physical copies of the memos at the residence.

If Mr. Altruism, James Comey, was simply fulfilling the duty of a concerned and dedicated FBI Director, why not tell the FBI agents -picking up FBI records- that he had copies of FBI investigative notes in his “personal safe” while they were there?

What honorable justification exists for keeping them hidden from valid investigators?

Obviously we are not the only ones able to see the sketchy nature of this construct. In fact, an internal FBI whistleblower came forward soon after that search of Comey’s home to request official “whistleblower status protection” from the IG.

Think logically…. What would prompt someone inside the FBI; who at some point gained access to the Comey memos; to request ‘whistleblower protected status’?

Doesn’t the “whistleblower request” itself indicate the requesting FBI official saw something nefarious in the way this was all going down?

Who was that ‘whistleblower’?

Well, it has to be someone who actually gained possession of those memos right?…. this is not a big group. Second, we only need to read a few more pages of the IG report to see who it was:

The “whistleblower” was almost certainly the Supervisory Special Agent (SSA) described in page 38 as above.

The memos were “stored” in a “reception area“, and in locked drawers in James Rybicki’s office. [“Drawer safes” are silly FBI legal terms for fancy locked drawers] Also note…

Reception area“? “May 15th“?

Well, (#1) apparently no-one wanted to admit their knowledge of the hot potato of investigative evidence (Comey memos).  That admission would outline them as participatory members in carrying out the targeting of then President Trump.

Those investigative notes (memos) were not in “the office of the FBI Director” on May 10th, when the SSAs were there searching the last time,… for some mysterious reason.. they, uh,… well, they were discovered… in the “reception area“… yeah, yeah, that’s the ticket! Right under the four month old copy of People Magazine, n’ stuff.

….ARE YOU FRIGGIN’ KIDDING ME WITH THIS?

…AND (#2) the very next morning, using the copies of the memos that were left hidden in Comey’s residence, GUESS what happened?…

Now we see why the FBI Supervisory Special Agent in charge in charge of inventorying Comey records asked the IG for official “whistleblower status.”

The SSA agent was surrounded warning signs of corruption in the FBI executive suites.  On May 10th, they were kept hidden.  On May 12th they were kept hidden.  On May 15th Rybicki finally told the SSA where they were; and on May 16th Comey told his friend Daniel Richman to leak the content to the New York Times.

Of course the SSA in charge of inventorying Comey’s records gave the Inspector General the seven memos, asked for whistleblower protection, and likely explained to the IG the way they were handled and produced by FBI officials was extremely concerning.

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Mortgages & Banks when times are bad!


QUESTION: Hi Martin.. thanks so much for all your world/economic content and perspective. I was reading a comment you made recently concerning real estate mortgages. In the comments, you suggested carrying a low fixed-rate mortgage rather than paying off the property.

My question is what happens when a financial institution goes bust. You’ve taken out a mortgage on your house and deposited the excess money from the mortgage in your bank account. Doesn’t this expose you to bankruptcy risk? If the bank collapses you could potentially lose what’s not covered by FDIC insurance. In one case the house is paid off and the money is out of the banking system. In the second case, the money is held in the banking system and is at risk. Or am I missing something?
Cheers,
Bob

ANSWER: If you have cash at a bank, then you have the risk of the bank failing. However, if you are the borrower and the bank holds the mortgage, then as long as you are current on your payments it cannot foreclose. It will typically sell its assets to raise cash so your mortgage could be resold to another bank or an investment pool.

The problem you will have in a crisis is that real estate is illiquid. When I was growing up, a friend of my father owned virtually the entire main street in town. I recall talking to him and he said that he bought the entire main street in town back in 1937 because he had cash and bought it for 10% of its 1929 value.

If you borrowed and have the cash on the side, you will be in a far better position to sell liquid assets and buy the house at a discount if the bank is in trouble.

President Trump Delivers Remarks on Official Formation of U.S. Space Command – 4:15pm Livestream…


Today President Trump is participating in the formal establishment of US Space Command as a unified combatant command, ie. “space force”.

The President is expected to deliver public remarks for the first time since returning from the G-7 Summit in France and since the Justice Department Inspector General released the report on former FBI Director James Comey’s handling of the Russia investigation. Anticipated Start time 4:15pm EST

WH Livestream Link – Fox News Livestream Link – Fox Business Livestream

Dollar Contagion & Trump


President Trump just does not understand the dollar. This old school idea that lowering the currency will increase domestic jobs and exports sounds logical, but the value of any currency is determined by the level of international confidence. It is absurd to think you can lower interest rates and the dollar will decline to support more exports. Nobody considered that you then wipe out pensions and force the elderly to work because they cannot live off the interest from the savings.

I really get tired being called into meetings over the same childish one-dimensional theories that it seems only an idiot would believe in. Trump has voiced his dismay over the strong dollar claiming U.S. manufacturers are at a disadvantage. “With substantial Fed Cuts (there is no inflation) and no quantitative tightening, the dollar will make it possible for our companies to win against any competition.”  I testified before the House Ways & Means Committee how the greatest deterrent to American exports are TAXES. An American company bidding on a foreign project must pay domestic taxes on worldwide income. A Germany or British company pays taxes ONLY on domestic business — not international. American companies are at a greater disadvantage because of taxes rather than the value of the dollar.

You would think that a child with a calculator could figure this out. Those in power just cannot bring themselves to address the issue because of class warfare is the main argument the Democrats use to inspire people to vote for them. I have been in meetings with Democrats and never will they listen because they do not know how to run for office without inspiring hatred of the rich and blaming them for every failure in their own policies. The only Democrat to ever listen to me was Governor Jim Florio of New Jersey who I debated at Princeton University. I pointed out that the poor and middle class have to pay income taxes and wait for a refund at the end of the year, so you are borrowing from the poor and middle class and cheat them on interest.

Many analysts believe the Federal Reserve will yield to the demands for a further rate cut at the September meeting. This is due to the world economy imploding outside the USA not simply because of Trump-bashing the Fed. We live in a world where we are in the midst of a Dollar Contagion that is impacting the entire world because SOCIALISM is collapsing outside the United States first.

Big Bang in Full Motion Set to Collide In a Real Mess


COMMENT: Marty,
The central banks tell us they will lower interest rates, even into negative territory, in order to stimulate the economy through bank lending. YOU tell this is an outdated theory that has NEVER worked and I believe you.
Surely the central banks persist will this excuse not because they think it will work but because they can use the theory as a smokescreen to hide the real reason.
The real reason is, I believe, that they are being leaned-on by politicians to keep rates low or negative because our governments cannot afford to pay higher interest on the massive debts they have accumulated over the decades and have never paid off.

AB

REPLY: You are correct. We warned that when the Economic Confidence Model turned in 2015.75, it would be the beginning of the Sovereign Debt Crisis. Today, the ECB owns 40% of all Eurozone public debt with no end in sight. They have destroyed their bond market. This cycle should collide with the Monetary Crisis Cycle, so we will have some very interesting times ahead.

We must separate the USA from the rest of the world. Europe especially cannot allow official rates to rise without blowing up the entire EU austerity move. The Fed was raising rates because that was the proper policy. He ran into stiff resistance from outside the USA because Europe left its banks with all the toxic bombs and cut rates hoping they would make enough money to cover their losses. This is why Deutsche Bank is in trouble and rumors are flying about HSBC.

But the Fed cannot stand against the entire world. The USA has the ONLY viable bond market. Lowering rates in the USA will also destroy the US bond market and then we are looking at a not so happy ending to the debt crisis.