May Becomes PM in Britain & Boris Becomes Foreign Secretary


May becomes PM

TEU Crisisheresa May became the new Prime Minister of Britain on Wednesday and formally met with the Queen to ask permission to lead her government. May is now embracing BREXIT as such members are dominating her cabinet and on top of that, May made the main Brexit campaigner Boris Johnson her foreign secretary. May is positioning Britain to exit the EU. This is fantastic news for Britain may survive rather than be dragged down by the collapse of the EU. This would be a restoration of economic sanity.

While the British pound will still move lower as the world economy implodes, forcing the dollar higher, the pound will survive compared to the euro which is off to the emergency room.

The Brits who though staying in the EU was doable will gradually see the real crisis unfold. As the EU banking system is in shambles, they will quickly see that extracting Britain from the EU was the only viable option.

Rating Agencies Downgrade 24 Counties


BIG BANG ECM 2015.75

The three main credit rating agencies have been downgrading government debt at an alarming rate, which confirms our computer models, albeit a tad late. The first half of 2016 has seen more sovereign downgrades since the crash of 2009. The first six months of last year saw Moody’s downgrade 24 governments, Standard & Poor’s 16 governments, and Fitch 14. This has included Saudi Arabia and Brazil.

Civil Unrest Explodes in Berlin Over 3500 People Riot Against Police


German Riots

Civil Unrest is exploding. The biggest and most violent protest in Germany erupted in Berlin over the weekend exactly with our models calling for an explosion in civil unrest. Some 1800 police were called in and at least 120 policemen were injured in what is becoming a street battle. This has been the most aggressive and violent protest in Germany for the past five years. Protesters were throwing bottles, cobblestones and fireworks, as well as they destroyed cars in addition to attacking police officers. It appears at least 3,500 rioters took part in the uprising and possibly more than 4,000.

The protest is against police operations and involved mostly young people who have risen up against the police operations in the Riga street area. Protesters wore black hoods carrying banners with slogans like “Riga defend 94” and “Housing solidarity against state terror.” The demonstration went on with the crowd chanting repeatedly: “Bullenschweine get out of Riga!” Demonstrators were throwing firecrackers and police fired back with tear gas. The police also called in air support using helicopters and they had to call in for reinforcements from Bavaria, Brandenburg, Lower Saxony, Saxony, Saxony-Anhalt, Thuringia and the Federal Police. Interior Senator Frank Henkel (CDU) announced that the police will also be present at night after the demonstration. So riots and arson attacks should be stopped.

Friends, Americans, World Citizens, lend me your ears;


istanbul 06052013

Friends, Americans, World Citizens, lend me your ears;

I come to bury the Clinton email scandal, not to praise her.

The evil that politicians do lives after them;

The good is oft interred with their bones;

So let it be with Clinton scandals. The noble Mr Comey

Hath told you Hillary Clinton was ambitious and extremely careless:

If it were so, it was a grievous fault and reckless for a president,

And grievously hath Clinton answer’d it denying any classified abuse thrice.

Here, under leave of Mr. Comey and the rest–

For Mr. Comey is an honourable man;

So are they all, all honourable political men and women in the Obama administration–

Come I to speak in Clinton’s campaign.

She claims she was a friend of the people, faithful to all:

But Mr. Comey says she was ambitious and extremely careless;

And Mr. Comey and Democrats are of course honourable men.

She hath accepted many donations from foreign governments to become the first woman president

and bankers as well whose vast sums did the general coffers of her foundation fill:

Surely, my listeners, she fairly sold her influence for fair value and did not cheat them.

Nay, I say to thee, Clinton did only a tad more than any other politician who seeks riches from office.

Did this in Clinton seem ambitious and extremely careless intent only on becoming president?

When that the poor have cried and protested over water, did not Clinton hath wept:

Ambition should be made of sterner stuff:

Yet Mr. Comey says Clinton was ambitious and extremely careless;

And Mr. Comey is an honourable man.

You all did see that Clinton denied ever sending anything classified

Yet Mr. Comey presented claims that would deny her that veracity crown,

Which she did thrice proclaim: was this ambition and extremely careless?

Yet Mr. Comey says Clinton was ambitious, a liar, and extremely careless;

And, sure, Mr. Comey is an honourable man.

I speak not to disprove what Mr. Comey spoke,

But here I am to speak what I do know.

You all did love Clinton once, not without cause:

What cause withholds you then, to mourn for her misfortune now?

O judgment! thou art fled to brutish beasts,

And men have lost their reason. Bear with me; she is a woman. Surely that alone is qualification.

What else doth matter? Should our arrogance expect true integrity as leader of the world?

My heart is in the coffin there with the image of justice, freedom, and American apple pie,

And I must pause till it come back to me.

 


 

(Adaptation of Marc Antony’s speech upon Caesar’s Death from Shakespeare)

Governments Keep Their Fingers-Crossed


Fingers-Crossed-r

We must face the fact that we are in a slowing global economy and government simply have their fingers-crossed hoping thius nightmare just corrects itself. There is massive slowing of real income in Europe and the OECD has commented that this is creating a serious political problem for governments moving forward. Central Banks cannot stimulate because at the same time, we face a major crisis in government where their pensions are crowding out all private sector growth. The after-effects of BREXIT, then the USA Presidential election, and the elections in France and then Germany, are just the tip of the Iceberg so to speak because we face a future that is anything but stable. Interestingly, now six countries are looking at potential referendums in addition to the potential resurrection of Scottish Independence as well as Ireland. The response of Brussels has been to usher in revisions to cut off any right for other countries to hold referendums to leave the EU.

Comey Delivers Scathing Rebuke of Hillary But Says No Indictment


Comey-James FBI-Portrait

To indict someone, the criteria is supposed to be “intent.” Comey has used that to pretend there is no evidence that Hillary “intentionally” erased anything. Comey also stated that Hillary’s lawyers erased her emails using a keyword search program and they did not “read” the emails. He added that he would not recommend charges against Hillary or her aides.

“Although we did not find clear evidence that Secretary Clinton or her colleagues intended to violate laws governing the handling of classified information, there is evidence that they were extremely careless in their handling of very sensitive, highly classified information,” Comey declared.

It was Comey who indicted Frank Quattrone for claiming he instructed his people to erase emails in his technology-industry banking group at Credit Suisse Group’s Credit Suisse First Boston, based upon a single email that read “clean up those files” in December 2000. That was more than enough for his “intent” requirement to obstruct justice. This further illustrates the double standard of justice for them vs. us.

Comey has said that he could not find anyone else who had been prosecuted for such a thing, but then added after clearing Hillary that this is not to say everyone in the government can do this or that they would not prosecute someone else for the same thing. Comey said,“[O]ur judgment is that no reasonable prosecutor would bring such a case.”

Comey presented a scathing rebuke of Hillary’s conduct that anyone else would have certainly been indicted for. For Obama to have announced in advance he would campaign for Hillary, it was clear that this was a cover-up and he knew the results before today. For Comey to say, “Although we did not find clear evidence [of any intentional misconduct] there is evidence that they were extremely careless of very sensitive, highly classified information.” It is the jury’s role to determine if there is any evidence and the case should have been presented for a Grand Jury to decide if she should have been indicted. That, of course, is off limits as well.

Comey went on to all but acknowledge that Russia hacked Hillary’s emails:

“With respect to potential computer intrusion by hostile actors, we did not find direct evidence that Secretary Clinton’s personal e-mail domain, in its various configurations since 2009, was successfully hacked. But, given the nature of the system and of the actors potentially involved, we assess that we would be unlikely to see such direct evidence. We do assess that hostile actors gained access to the private commercial e-mail accounts of people with whom Secretary Clinton was in regular contact from her personal account. We also assess that Secretary Clinton’s use of a personal e-mail domain was both known by a large number of people and readily apparent. She also used her personal e-mail extensively while outside the United States, including sending and receiving work-related e-mails in the territory of sophisticated adversaries. Given that combination of factors, we assess it is possible that hostile actors gained access to Secretary Clinton’s personal e-mail account.”

For Comey to claim neither the Department of Justice nor the White House knew what he was going to announce, seriously undermines his trustworthiness in this matter. Of course, Obama knew or he would not have scheduled to campaign for Hillary since, if indicted, she would have had to be on bail to stay out of jail to even campaign. This is by no means credible. But nobody would have expected Hillary to be indicted when the Democrats control the executive branch. Had Hillary been indicted, she could not have run for office, for even that statute says such a person would be disqualified for such an office. The entire election would have been a fiasco and the Democratic Party would have collapsed. This is what Bernie was holding out for and why he had his talk with Obama who informed him forget it — there would be no indictment for Hillary.

“From the group of 30,000 e-mails returned to the State Department, 110 e-mails in 52 e-mail chains have been determined by the owning agency to contain classified information at the time they were sent or received. Eight of those chains contained information that was Top Secret at the time they were sent; 36 chains contained Secret information at the time; and eight contained Confidential information, which is the lowest level of classification. Separate from those, about 2,000 additional e-mails were “up-classified” to make them Confidential; the information in those had not been classified at the time the e-mails were sent,” Comey said.

Then, Comey contradicted Lynch in making it clear that the final decision was her’s: “As a result, although the Department of Justice makes final decisions on matters like this, we are expressing to Justice our view that no charges are appropriate in this case.”

TR01072002 - No Criminal Description
 James Comey was the chief prosecutor in the Southern District of New York between 2003 and 2005. He had no problem keeping me in Federal Prison on contempt of court without any charges, indictment, or a civil complaint describing any crime whatsoever that they even admitted openly in court. There were never any charges or complaint filed, and they publicly stated, “[T]here is no description of criminal liability.” Yet, Comey allowed me to be held in prison, entirely arbitrarily, with absolutely nothing whatsoever; Comey completely violated my civil rights, those of my family, and all 240 employees. So he is not someone who upholds the Constitution when it goes against government or the banks. As they say, the Department of Justice is really “Just Us” in reality. He has proven that once again.

HSBC Gag Cover

Comey also allowed a LIFETIME GAG ORDER on me to prevent me from providing any assistance to my clients in Japan to sue the bankers. Now the State Department has asked for a two-year stay in turning over any of Hillary’s emails. Why  would they do that if there is nothing criminal? This only proves that this is a cover-up, as always, because the Democratic Party cannot allow Hillary to go down for they would lose everything. Sorry, but Comey has a track record of defending the banks even when they stole $1 billion and pleaded criminally guilty before having to pay them back. He kept me in prison on contempt to turn over assets for a “possible” restitution, but when I got into the Supreme Court, I was released and no such charges were ever filed nor did I ever have any restitution. They then tried to prevent “The Forecaster” from being shown in the USA.

So much for any honesty from the Department of Justice. It is the Department of “Just Us,” as they say.

Nigel Farage Resigns as Head of UKIP


Farage Vote to Leave

It is a shame, but Nigel Farage is standing down as leader of the UK Independence Party. Nigel came from the real world and never had a desire to be a career politician. He has stated that he had done his “bit” following the UK’s referendum vote to leave the EU. “The victory for the ‘Leave’ side in the referendum means that my political ambition has been achieved.” He said that leading the UKIP was “tough at times” but “all worth it.” He added that Britain now needs a “Brexit prime minister.” He continued: “I have never been, and I have never wanted to be, a career politician. My aim in being in politics was to get Britain out of the European Union.”  He added: “So I feel it’s right that I should now stand aside as leader of UKIP”.

Meanwhile, Tony Blair, the ultimate anti-democratic politician, keep saying that more than 1 million people have changed their minds and Britain should not go through with BREXIT. He would even surrender the Queen. He is living the Euro dream would would surrender the pound and all independence to enslave the British to a new government they could never have a right to vote in to ever change. People like him just assume to know what’s best that career politicians should rule and the people are too stupid to have any influence.

Nigel will be sorely missed. It is a personal battle, absolutely. But with people like Blair hanging around in the wings, the job may not be done to save Britain. It is the people who love telling every one else what they will be allowed to do who want power, and will never resign it. These career politicians are no different than any monarch who also abused the people – let them eat cake!

George Carlin Was Right: “The Big Club”…


Carlin is right the country is owned but sometimes the people wake up and realize what has been done and there are a lot of us and only a few of them! That is why they are in a panic about our guns — don’t ever give them up for if you do you will very shortly be one of their slaves!

Declining Pound Savior of Britain


IBBPVA-W 7-3-2016

QUESTION: Marty
It looks like Carney and Osborne are talking the pound down in order to frighten people.

Only one of their prophesies have come true – the lower value of sterling.
But it is unhelpful that they continue to be negative – even though they’ve proved to have been wrong on all the other things [cost of borrowing, asset prices, the UK deficit, cancellation of investments].

I fear [being a Brit] that too much unwarranted negativity from their position of power will take the pound down too far. Do you agree that can achieve that and that they, representing the establishment, are trying to win back some of the lost ground? I would say that is treason [not to carney as he’s a Canadian. I’d tell him to go home].

Thanks
JF, Manchester

ANSWER: The reason “value” investing and “fair value” theories fail is because markets ALWAYS over shoot and under shoot. Our next real zone for the pound is in the mid 120 level. However, ironically, European concepts of currency value is SERIOUSLY WRONG. Post-World War II, European politicians used the rise in their currencies as proof that they did a good job. That installed this concept that a strong currency was good for the economy which in fact if you are concerned about trade, you want a weak currency. The entire reason the Swiss put a peg on to the euro was because the rise in the franc was reducing exports and major companies threatened to leave.

Mother-MerkelThe decline in the pound will BOOST British exports and have exactly the opposite effect helping the British economy. The EU is doomed. Over taxes, over regulated and it has no meaningful democratic process. Worse still, just as Merkel by herself tried to help her negative image because of her harsh dealings with Greece wanted to appear reasonable, she invited the refugees in without any right of other countries to object. She made a decision as Germany, but it automatically impacts all of Europe. Under the EU, no such power should be allowed if all governments must suffer because of one leader.

The pound will drop to penetrate the $1 par level probably no later than 2018. With the political chaos of French and German elections next year, that decline can take place sooner than later. But this is what will force a monetary reform as early as 2018. The rise in the dollar will reduce US exports and that will put political pressure in the States for reform not to mention a debt crisis in emerging markets.

The peak in bonds appears to be in place. We are seeing the rates rise already in the peripheral markets. This will spread from the peripherals in toward the core. So Southern European rates will rise faster than German but when capital figures out the crisis is the EU, then German rates will rise. The Federal rates in the USA will be the LAST to rise because the initial shock will be foreign capital fleeing to the States.

The remarks of British politicians are to be seen in their context of this false perception that a strong currency is good. You hear Trump criticizing China as a “currency manipulator” implying they lower the value of their currency to increase trade. As the pound declines, this will save British jobs – it’s a good thing; not bad.

Elitism, Globalism, Corporatism, Bureaucrats and Two Current Senators….


This speech and the following link show exactly what is wrong with our political/business system system today. When governments get their hands in anything they always screw it up, while telling us they are fixing everything and while they end up with all the wealth; now what is wrong with that?