Posted originally on Dec 19, 2024 by Martin Armstrong
No government agency will willingly surrender power once it is in their grasp. Every other nation has ONE REGULATORY body, yet the USA has the CFTC and the SEC, plus the Federal Reserve over banks. If you obey the laws of one, you go to jail with the other. This hurts American citizens, for they cannot avail themselves of a hedge fund, and they must decide what sector to invest in, which is why I provide Socrates covering everything.
I warned the government that we need to have one regulatory agency. The SEC and CFTC have different laws that contradict one another. This hurts investment greatly. Take the domestic investor who must choose between stocks, real estate, gold, etc. They make those decisions but that is what a hedge fund manager is supposed to do. Domestically, you cannot merge that, so you have the guy who says gold is the best, the guy who says stocks are the best, and so on. They’re akin to used car salesman.
The bond guys will say they are the best, and so will the commodity guy, the stock guy, and the gold seller. They will all swear they are the best. So now hedge funds are often forced offshore where the hedge fund manager makes those decisions on what is the best investment.
I turned down the opportunity to manage $60 billion because, by law, if I thought a stock would crash, I could hedge a max of 17%, so I said no, I won’t get involved and risk my reputation. You cannot hedge a portfolio when you know it is going to go down because of the nonsense in regulation. Gut those two agencies.
Any agency, once you create it, will always fight for its own survival like an animal. This situation simply does not provide the average American with the best fund management available.
Posted originally on Dec 19, 2024 by Martin Armstrong
Manhattan District Attorney Alvin Bragg announced Mangione was formally charged with one count of first-degree murder in furtherance of terrorism, two counts of second-degree murder, one of which is charged as killing as an act of terrorism, and multiple counts of criminal possession of a weapon. This is typical Bragg grand-standing for fame. He is charging him with being a terrorist so he can get the death penalty.
In New York, a first-degree murder applies only where the victim is a police officer, or the killing involves a contract hit or murder for hire. It also appies to the murder of a witness.. The other possibility that NY law would allow the death penalty is for terrorism.
This grandstanding is outrageous. If I were on the jury, I would have to vote not guilty of terrorism. This is the problem with our legal system. It allows people like Bragg to abuse the system to make a name for themselves for political purposes. This complicates the case, for they will bury the motive. Mangione did not have insurance with that company. So what made him do it? Was a friend insured or died because of United Healthcare? These would certainly not be a motive for terrorism. But Bragg is trying to manufacture a death penalty.
There have been way too many people who were innocent that prosecutors executed to become famous. Perhaps the most notorious was the Rosenberg Trial. It was April 5th, 1951, when Julius Rosenberg (1918-1953) and his 35-year-old wife Ethel (1915-1953) were sentenced to death using this Espionage Act. Today, everyone concedes that his wife’s crime was being married to Julius. The prosecutors charged her, thinking it would force him to give up his contacts, which he never did, most likely because he had none.
A co-defendant of Julius and Ethel Rosenberg, Morton Sobell (1917-2018), admitted for the first time that he was a Soviet spy on his deathbed at 91 after serving 30 years in prison but also made it clear that Ethel was innocent. Sobell passed military secrets to the Communists in World War II when the nations were still allies, he told the New York Times. Sobell, who served 18 years for espionage, said Julius did pass secrets, but Ethel, executed with her husband in 1953, was guilty of nothing more than being Mrs. Rosenberg.
People like Bragg are afraid of death. So, to them, the death penalty is the worst possible sentence. In prison, some people will pick a fight with someone, knowing that they will be killed. I believe the death penalty should be an option for the defendant. I would select death over life imprisonment in the blink of an eye.
Timothy J. McVeigh (1968 – 2001) was found guilty of bombing Oklahoma in retaliation for Ruby Ridge, etc. He was sentenced to death in 1997 and instructed his attorneys not to appeal. McVeigh was executed by lethal injection on June 11, 2001. He was executed in just over six years after the offense. McVeigh would have been constantly tormented by guards since he took out federal officers. A life sentence would have been mental torture, and death certainly was the end. I have seen people who find it more painful to stay than to leave. Some lament having to leave behind a family and justify in their minds to spare them the torment and take everyone with them.
The DEATH PENALTY is by no means the worst. Life imprisonment is far worse. You have to what your live slowly drip away like a water torture test. People who seem to cheer the death penalty are those who fear death, so to them, that is the worst possibility, and they think that is what they should do to others.
Posted originally on the CTH on December 19, 2024 | Sundance
The 1,547 page “continuing resolution bill” is available for review HERE. They are calling this a “CR” (continuing resolution) bill to fund government. However, only approximately 10 pages (15 to 25) are the funding mechanism; the rest is a regulatory construct, an attempt to circumvent the Trump administration, and position the federal government to defend against structural changes President Trump is intending to initiate.
Within THE BILL, in an effort to force Republicans to support it, there is a section approximately 500 pages, that spends and directs $100 billion for disaster relief in Florida, Georgia, Tennessee and North Carolina following the devasting late season hurricanes. The disaster relief portion should be a stand-alone bill but is included in the massive omnibus spending package because it creates votes to support.
President Trump is well aware of the mechanics inside the Omnibus (CR) package and, together with Elon Musk, has announced his opposition to it.
President Trump is urging congress to pass only the portion of the bill that would tie up loose ends and keep government funded before he takes office next month. His direction is to raise the government’s borrowing authority –debt ceiling– and extending government funding.
Doing a short-term funding CR means lawmakers must strip out all the non-funding elements backed by Democrats. This would allow only Republicans to pass the bill. The stuff Democrats want would be removed. Currently the Democrats are aligned to support the bill and vote for it because the majority of the bill is toxic regulatory changes.
REUTERS – […] Democrats currently hold a majority in the Senate, and Democratic President Joe Biden remains in power until Trump takes office on Jan. 20.
The current bill would fund government agencies at current levels and provide $100 billion for disaster relief and $10 billion in farm aid. It also includes a wide range of unrelated provisions, such as a pay raise for lawmakers and a crackdown on hidden hotel fees.
Trump said Congress should limit the bill to temporary spending and disaster relief and also raise the national debt ceiling now before it comes to a head next year.
“Unless the Democrats terminate or substantially extend the Debt Ceiling now, I will fight ’till the end,” Trump said on his Truth Social (read more)
If the spending package is not complete the non-essential elements of the government will “shut down” a non-technical term that really means little in the grand scheme of things because congress has defined everything as ‘essential.’
The most foolish and inept thing ever done by Congressional Republicans was allowing our country to hit the debt ceiling in 2025. It was a mistake and is now something that must be addressed.
Meanwhile, Congress is considering a spending bill that would give sweetheart provisions for government censors and for Liz Cheney. The bill would make it easier to hide the records of the corrupt January 6 committee—which accomplished nothing for the American people and hid security failures that happened that day. This bill would also give Congress a pay increase while many Americans are struggling this Christmas.
Increasing the debt ceiling is not great but we’d rather do it on Biden’s watch. If Democrats won’t cooperate on the debt ceiling now, what makes anyone think they would do it in June during our administration? Let’s have this debate now. And we should pass a streamlined spending bill that doesn’t give Chuck Schumer and the Democrats everything they want.
Republicans want to support our farmers, pay for disaster relief, and set our country up for success in 2025. The only way to do that is with a temporary funding bill WITHOUT DEMOCRAT GIVEAWAYS combined with an increase in the debt ceiling. Anything else is a betrayal of our country.
Republicans must GET SMART and TOUGH. If Democrats threaten to shut down the government unless we give them everything they want, then CALL THEIR BLUFF. It is Schumer and Biden who are holding up aid to our farmers and disaster relief.
THIS CHAOS WOULD NOT BE HAPPENING IF WE HAD A REAL PRESIDENT. WE WILL IN 32 DAYS! (SOURCE)
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