Published on Sep 11, 2015
Oh boy, if you’ve been following the Justin Trudeau scandal surrounding the SNC-Lavalin bribery and corruption case, well, things just got more interesting. Former Justice Minister, Canadian Attorney General Jody Wilson-Raybould, has stated, repeatedly, she felt pressured by Justin Trudeau to interfere in a criminal prosecution to help a business based on politics. [Backstory Here – and Here – and Here]
Obviously Ms. Wilson-Raybould knew Trudeau was putting her in a legally precarious position because she took the unprecedented step of recording a conversation with Trudeau’s aide, Michael Wernick, while he was applying the pressure. LISTEN:
CANADA – […] The recording shows Trudeau aide Michael Wernick telling the Justice Minister Jody Wilson-Raybould that Trudeau “is determined, quite firm,” in finding a way to avoid a prosecution that could put 9,000 jobs at risk.
It also shows Wilson-Raybould, who was also attorney general, saying she regards the pressure as “inappropriate.”
[…] Wilson-Raybould was demoted from her role as attorney general and justice minister in January as part of a Cabinet shuffle by Trudeau. She has testified that she believes she lost the justice job because she did not give in to “sustained” pressure to instruct the director of public prosecutions to negotiate a remediation agreement with SNC-Lavalin.
Wilson-Raybould said in a written submission that she took the “extraordinary and otherwise inappropriate step” of secretly recording a phone call with the country’s top public servant in December because she feared the conversation would cross ethical lines and she wanted an exact account.
“This is something that I have never done before this phone call and have not done since,” she wrote. (read more)
QUESTION: Is it true that the government wanted to run a brothel in Nevada?
GK
ANSWER: That story is indeed really humorous. It is absolutely true that the federal government wanted to operate Mustang Ranch brothel in Nevada after it was seized in a bankruptcy proceeding in September 1990. It certainly would have been interesting to see how many government employees it suddenly took to interview the girls that wanted to work there. Indeed, the feds told the court that they wanted to keep the business going until the brothel could be sold at auction. However, the federal judge refused to allow the bankruptcy trustee to assume the ranch’s business license. Instead, the IRS foreclosed on the property and auctioned it off a few months later. Nevertheless, they did want to run the brothel, which was legal in Nevada. That certainly would have made things interesting to see how they would have operated the business.
COMMENT: Martin,
Have read the two blogs on the Emerging Markets. Hit like a cold bucket of ice water. Knew something was coming from all your writings and the EMC, but Wow. Right in front of us.
Here is an observation, a thought:
Emerging Markets could turn out to be the Sub-Prime of this new era.
On the periphery. A Liquidity crises. Unplanned for, because Unexpected.
J
REPLY: This is going to be really an interesting WEC. Whatever can go wrong in the world is going wrong. It is becoming the perfect financial storm as we head into the bottom of the Economic Confidence Model. We have politicians only looking at saving their own power blind to the implications of their actions on a global scale. There are even rumors now that Recep Tayyip Erdoğan will claim some manipulation of the election by another country in a vast conspiracy if he loses and he will refuse to leave office.
The British Parliament has rejected Prime Minister May’s BREXIT plan for a third time. This now leaves them to come up with a plan that Brussels must accept by April 12th or face a hard exit. On top of that, the phone here is melting down with questions about how “hard” is a “hard-landing” going to be from various political sources. Central banks are shifting already to once again stimulate. This is not looking very good, to say the least. Ten years of stimulation has been a complete failure in Europe. We have major political and banking turmoil and financial chaos looking ever more serious for May.
QUESTION: Re Solution to a new monetary system::
In the “Solution” presented it was suggested that the existing US bonds be required to invest in companies in the USA. Does the govt just print the money for the bond values to give to the companies? If the companies receive the bonds, how are they liquidated otherwise?
KB
ANSWER: It becomes a debt for equity swap. The debt must be retired. It is replaced with just the creation of money. Now people will yell that is hyperinflationary. Not true. Since 1971, government debt is acceptable for collateral when you trade your accounts at a broker. It is simply cash that pays interest. It is already part of the money supply. What you are implying is really old school economics that believe increasing the money supply will be inflationary. This is just not the case. Even after 10 years of Quantitative Easing, we still have deflationary trends in pockets like Europe and Japan.
Some wrongly believe that you are just increasing the money supply. Pre-1971, when bonds were not allowed to be collateral, then yes, it was less inflationary to borrow than to print. However, since the debt is already cash that now pays interest post-1971, it is just a swap. Huge distinction.
Interest expenditures will soon exceed that of the military. This solution will reduce the cost of government, and thereafter, you outlaw any possible right to borrow once again.
In the West, girls are simply not having enough children. This is undermining the entire social structure. The welfare system is dependent upon the population increasing, or at the bare minimum remaining unchanged. Europe has secretly allowed refugees in to try to make up for the decline in population that will undermine their highly socialistic economic system. The contrast with the West stands in China and Korea. In the case of China, here too there is a shrinkage in population. However, unlike the West, China is neither adopting Quantitative Easing or allowing an influx of refugees in.
In the case of Korea, they are hoping for a reunification with the North. This, they hope, will compensate for the shrinkage in their population. Historically, the more economically advanced a society becomes, the fewer children the women have. Even in ancient Rome, the first Emperor Augustus passed family laws and would fine men who would not marry and have children.
Once again, history reveals the trends are consistent throughout the centuries.
Published on Mar 27, 2019
Whoopsie, Chicago State Attorney corruption is going into ludicrous mode. According to an interview with ABC7, Cook County State Attorney Kim Foxx is now claiming all the activity to seal evidence in the Jussie Smolett case was done “inadvertently”.
Yeah, yeah…. that’s the ticket. The keyboards and computers self-activated and typed up the motion to the Judge, and then convinced the clerk of courts to accept the motion filing all just accidental and stuff… or something. Nothing to see here, Russians! Gottabe…
(Tweet Link) – (Story Link)
Oh yeah, and don’t overlook that pesky admission that Ms. Foxx didn’t actually recuse herself from the case, as previously claimed. She’s admitting she participated. D’oh!
CHICAGO (WLS) — Cook County State’s Attorney Kim Foxx defended her office’s decision to drop all charges against “Empire” actor Jussie Smollett, who was accused of staging a racist and homophobic attack on himself.
“I believe this is a just outcome based on the circumstances,” Foxx said on Wednesday, a day after the charges were dropped.
In an interview on Wednesday, she said the practice of dropping charges in exchange for community service and restitution is not uncommon for the Class 4 felonies that Smollett was charged with.
“We believe that the facts were sufficient to charge and try Mr. Smollett for the crimes,” Foxx said.
While a court did not find him guilty, she said: “Based on the facts and the evidence that was presented in the charging decision that was made by this office, this office believed that they could prove him guilty.”
Foxx had recused herself from the case a week prior to Smollett being charged when it appeared that the actor had gone from victim to suspect. She recused herself after speaking with a “relative” of Smollett, but not Smollett himself. Foxx said it is not uncommon for her to speak to victims and their families.
“The family had reached out, I think to me, largely because they didn’t have a connection to the police department, asking if there was a way to make sure that the leaks in the case were to a minimum,” Foxx said.
Foxx added: “I don’t want any speculation or concern, I don’t even want the appearance, that my involvement with this case, now having talked to a family member, would in any way impede this investigation.”
She was connected to the family through Tina Tchen, the former chief of staff to Michelle Obama.
In a statement, Tchen said: “I know members of the Smollett family based on prior work together. Shortly after Mr. Smollett reported he was attacked, as a family friend, I contacted Cook County State’s Attorney Kim Foxx, who I also know from prior work together. My sole activity was to put the chief prosecutor in the case in touch with an alleged victim’s family who had concerns about how the investigation was being characterized in public.” (read more)
David Axelrod✔@davidaxelrod
Unless some better explanation surfaces, here’s the lesson of this weird turn in the Smollett case:
You can contrive a hate crime, make it a national news, get caught and-if you are a well-connected celebrity-get off for $10K and have your record expunged and files sealed.
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