UPDATE: Puerto Rico Governor Fires Two More Officials Over Hidden Emergency Relief Supplies…


Updating a story we shared last night; and the latest information only makes the situation seem much worse.   To say this story is infuriating would be an understatement.

As an individual with some personal knowledge of how the recovery process works, the actions by these government officials in Puerto Rico are beyond tragic.  There are people in desperate need, and these stupid claims by officials do nothing to ameliorate ongoing suffering.  This is disgusting and heartbreaking at the same time.

SAN JUAN, Puerto Rico (AP) — Gov. Wanda Vázquez fired the heads of Puerto Rico’s housing and family departments Sunday in the latest fallout over the discovery of a warehouse filled with emergency supplies dating from Hurricane Maria.

The removal of Housing Secretary Fernando Gil and Department of Family Secretary Glorimar Andújar came a day after the governor fired the director of Puerto Rico’s emergency management agency.

[…]  Vázquez said she decided on the additional firings after meeting with leaders of her administration Sunday morning and officials were unable to provide information she requested about other collection and distribution centers.

“They weren’t able to personally tell me specifically where these centers were located, what they contained and whether an inventory was completed,” she said.

Vázquez did not elaborate on why Gil and Andújar were singled out, saying only that she had lost confidence in them. (more)

Inés Rivera, spokeswoman for the city of Ponce, told The Associated Press that the warehouse is owned by Puerto Rico´s Company of Commerce and Export. Officials with the company could not be reached for comment.  “The mayor of Ponce, María Meléndez, said he had not known about the warehouse and its contents.”

These are direct lies, demonstrable lies, and they only serve to make matters much worse.

[Hat Tip to Guyver1]  The discovered warehouse is owned by the government of Puerto Rico, through a govt. run ‘public corporation’ called the ‘Compañia de Comercio y Exportación de Puerto Rico’ (Puerto Rico Trade and Export Company), founded on December 23, 2003.

The Govt. owned ‘Compañia de Comercio y Exportación de Puerto Rico’ (Puerto Rico Trade and Export Company), is headquartered at the south end of the *SAME* warehouse parking lot.

As you can clearly see above, the government offices (above left) literally share a parking lot with the warehouse (above right) at the Port of Ponce. Any Puerto Rico government official, or Ponce local official, who attempts to deny they knew the location of these supplies and that warehouse is simply lying.

The blogger, Lorenzo Delgado, said he had received a tip about the warehouse but did not specify when. A group of people broke into the warehouse and began distributing supplies to those affected by the recent 6.4 magnitude quake that killed one person and caused damage across Puerto Rico’s southern region. More than 7,000 people remain in shelters as strong aftershocks continue.

Ponce Mayor María Meléndez said she was outraged, noting that she and other mayors were trying to find basic supplies since the quake.

“I spent several days requesting cots and water,” she said. “They sent me to Cabo Rojo for the cots and to San Juan for the water. If I had known that those supplies were there, I would have demanded that they be taken out immediately. ”

When asked how it was possible that she did not know about the existence of the warehouse, Vázquez replied, “That’s what the head of agencies are for … to inform the governor.”

Again, here’s the video.

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My estimate as to the size of the warehouse was correct. It’s over 200,000 square feet.

The video shows thousands of pallets, double and triple stacked, of key and essential emergency supplies. Bottled water, shelf-stable food, diapers, baby formula, blankets, tarps, tents, propane grills, propane, emergency lights, 24hr candles, batteries, flashlights, emergency radios, portable charging stations, potable water cans, cots, mattresses, at least four industrial kitchens designed for mass feeding stations and much, much more.

To give you an idea of the scale, there’s at least 100 semi truck loads of supplies in this video, in this single warehouse.

Logistically each trailer would haul 22/24 single stack pallets, 44/48 doubles, or 66/72 triple stacked. With more than a dozen staged pallet jacks, this warehouse is holding serious money.

It is unfathomable these supplies were not distributed; and worse yet were likely being re-sold on the black market.

These emergency supplies and materials were delivered in 2017.  In January a magnitude 6.4 earthquake hit Puerto Rico and President Trump authorized an additional $8.2 billion in aid….  When inspecting the building for quake damage the hidden relief supplies were discovered.

I did a Twitter Thread [SEE HERE] with some more specific details of what is identified in that warehouse.   Also as a person who has invested a lot of my life in/around these relief efforts it is prudent to be very clear….

The people of Puerto Rico, the actual victims of these terrible disasters, are not to blame for the corruption by government officials.  When those in desperate need receive the basic supplies they need to reestablish their lives I have never witnessed anything except profound thankfulness, kindness and sincere appreciation.

That a government, any government, would intentionally withhold these urgent supplies is a representation of them, not the victims from whom those relief supplies are withheld. It breaks my heart to think of the countless families who have suffered at the hands of corrupt government officials.

There is a basic level of humanity and decency that connects all of us, regardless of our geography.  In the aftermath of natural disasters there is no class distinction.  I have witnessed the very best in people amid relief efforts and seen incredible acts of selflessness from those who -as a daily outlook- have the very least.

What has happened in this example in Puerto Rico does not represent the ordinary people who are doing the best they can each day to keep one foot in front of the other.

I pray those government officials will repent; however, in the meantime just get the supplies distributed…. and if there are more warehouses, get them open and emptied now; deal with the accountability issues later.

First things first – Get the darn help to those who need it.

Wow – Puerto Rico Governor Fires Emergency Response Director After Massive Warehouse of Unused Aid Discovered…


Folks, this is alarming.  An explosive video from Puerto Rico shows a massive warehouse of emergency hurricane relief supplies discovered highlighting emergency supplies delivered in the aftermath of hurricane Maria that were never distributed.

The warehouse was discovered after the recent earthquake, and the building suffering damage. After CTH initially saw the report, I had to go find the raw video to see just how much 2017 aid was being hidden in this warehouse; and the full video is simply stunning.  First, the report:

(VIA CBS) Puerto Rico Governor Wanda Vázquez Garced fired the island’s emergency management director on Saturday, after a video showing aid sitting unused in a warehouse went viral on social media. Some of the aid has allegedly been sitting in the warehouse since Hurricane Maria struck in 2017.

“There are thousands of people who have made sacrifices to help those in the south, and it is unforgivable that resources were kept in the warehouse,” Vázquez said in a statement.

Garced said in a statement that she has ordered Secretary of State Elmer Roman to conduct a “thorough investigation into the mishandling of emergency aid in a warehouse in Ponce,” CBS News correspondent David Begnaud reports.

“I have given 48 hours for this investigation. The investigation is to include this warehouse and any others which may exist,” her statement read. “In the same vein, I have decided to relieve Carlos Acevedo of his duties as the commissioner of the National Emergency Management and Disaster Relief Agency.”

Vázquez said she would nominate the current Puerto Rican National Guard chief for Senate consideration to replace Acevedo. (read more)

Many CTH readers know I am a CERT response leader for Hurricane relief; and in that capacity I have a pretty good idea of logistics, costs, and the scale of moving supplies into impact zones.   After initially reading the report on twitter, and seeing a portion of the video, I went in search of the raw video to see the size and scale of this ‘warehouse’.

Here’s the longer video:

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What has been found here is a massive storage facility. I would estimate the size of the warehouse around 200,000 sq ft (minimum) based on video and exterior truck bays.

The video shows thousands of pallets, double and triple stacked, of key and essential emergency supplies. Bottled water, shelf-stable food, diapers, baby formula, blankets, tarps, tents, propane grills, propane, emergency lights, batteries, flashlights, emergency radios, potable water cans and much, much more.

To give you an idea of the scale, there’s at least 100 semi truck loads of supplies in this video, in this single warehouse.

Logistically each trailer would haul 22/24 single stack pallets, or 66/72 triple stack. With more than a dozen staged pallet jacks, this warehouse is holding serious money.

It is unfathomable these supplies were not distributed; and worse yet were likely being re-sold on the black market.

These emergency supplies and materials were delivered in 2017. On December 28th, 2019, a magnitude 4.7 earthquake hit Puerto Rico and President Trump authorized an additional $8.2 billion in aid….

President Trump was correct:

Update on Supreme Court


QUESTION: I heard that several coin dealers conspired with the government in hopes of getting all the coins you ever had. Is that also something the Supreme Court will rule on?

GN

ANSWER: I am sure there are always people who would conspire against their own mother for a buck. I believe that one dealer bought stolen coins and then tried to sell then 20 years later. I would not say he conspired with the government, but against the government.

The government was ordered to reply by December 2nd. They asked for an extension and were granted until January 2nd. They then said they could not make that deadline and were given yet another 30 days. So they will have to respond by February 2nd, we get a reply, and then the decision to hear the case will be made in early March.

The way this works is that the government does not respond to petitions to the Supreme Court for they get thousands. They respond ONLY to cases the Supreme Court is interested in taking which the Court then orders them to respond. Central to the case is the fact that they used a civil parallel case filed after the first case and then used that to intervene and disrupt the parallel case. Judge Owen was notoriously biased. I doubt that many other judges would have done what he did.

The Supreme Court has ruled that before a single court, what they did to me, 240 employees, and my family would have been unconstitutional. So the question is really if a single court cannot act in this manner, then can the government use a parallel case to do what is illegal in a single court?

Then there are numerous Supreme Court cases they just ignored.

 

  1. Grupo Mexicano v. Alliance Bond Fund, Inc., 527 U.S. 308 (1999)

(holding that unsecured notes cannot be frozen)

2. Morrison v. National Australia Bank, 561 U.S. 247 (2010)

(held the SEC never had jurisdiction outside the USA)

3. Luis v. United States,  136 S.Ct. 1083 (2016)

(holding that if someone is denied the use of their funds to defend themselves, the judgment is automatically vacated because it is a structural error)

These are only three of the Supreme Court decisions that have been just ignored in my case because it became political. There are several others that were also ignored.

I understand there are people who point their finger at coin dealers, others at prosecutors, others at the CIA, and still others in Japan at their own government because I was not Japanese as they are doing to the head of Nissan. I do not believe it was the CIA. It was not instigated in the USA but on letters from the Japanese government that clients there believed were an intentional error claiming there was $10 billion outstanding when it was $1 which they then corrected only after everything began.

There is plenty of blame to go around. If the Supreme Court takes the case, it will be a watershed decision that will help so many people who are being abused by the SEC and CFTC. The Grupo decision clearly states that the equitable power of a federal court is confined to the known remedies as they stood in 1789 without statutory authority. The SEC never had any statutory authority to even create a receiver until 2010 when Congress finally granted that authority. So there was never any authority for a receiver either back in 1999.

If the Supreme Court takes the case, and they just affirm their prior decisions, the outcome will be very interesting. Even HSBC, who I believe conspired with the government to steal $400 million of profit in the notes, may find themselves liable for all the funds lost by 240 employees. Anyone else who conspired with the government may suddenly find themselves on the opposite side of the table which may include the receiver and his law firm.

Let’s see what happens

US Banks v Foreign Branches of US Banks


QUESTION: Marty, finally we decided to open a bank account in the USA which is not part of the CRS. But now we do not know which US-bank is safe enough and where to go! You mentioned that Goldmann Sachs, Citigroup, Morgan Stanley, Bank of America and JP Morgan Chase have derivative exposure linked back to Deutsche Bank. So those banks are not safe enough. The can fail in a contagion. You said also that Wells Fargo has the least derivative exposure.

In another article you said that the BANK of NEW YORK would be good as a custodian. Would the Bank of New York be safe enough in a contagion? The Bank of New York has a branch in Frankfurt. Could we open an USD-account in Frankfurt and still be outside the CRS? Or would this be a major fault.

Would you please give us a hint how to proceed as this choice is way over our head. Which bank is safe and outside of the CRS at the same time.

Thank you very much for sharing your experience and knowledge with us!
GB

ANSWER: Wells Fargo is a bank that is perhaps more accessible. Bank of New York has a big custodian business. Wells Fargo does not have offices outside of the US that provide services to retail or small business customers. Remember that any branches of US banks outside the United States are not part of the Fed system and are not FDIC insured. If you want a retail type of arrangement then Wells Fargo may be better. Bank of America has probably the best facilities for wiring money internationally online.

If you are dealing with a US branch of any bank, it must be FDIC insured and that is per person, not per account or banks. You do not want any account with a US bank’s branch outside the USA for they would be under the control of the local central bank.


NOTE: I do not receive any referral fees from either Wells Fargo or Bank of New York. We do notaccept any commission from banks or brokers for any referrals whatsoever. We maintain our strict policy of no conflicts or interest.

Banks – Interest Rates – Mortgages


COMMENT: Martin, as an avid follower, I took your advice to heart to try to fix our interest rate for the loan we have on our house. This was the answer I got from our direct advisor: “Have looked at your file, you can still enjoy your low-interest rate until 01/12/2020, in other words refinancing is only recommended at the earliest in November 2020. Your capital will then fall to 37,000 euros outstanding, the interest may already rise to 3 % (then you still benefit in November compared to refinance now!) ? Repocrisis is in the USA, Europe is supported by the ECB, which keeps interest rates low? Or am i wrong?” Isn’t this the perfect example of how well people are informed, even those working at the banks? Or do we already see some intended lingering of banks, trying not to get caught on the wrong side of the risk? Thanks for answering or using this in your private blog as a perfect example…

BL

ANSWER: They may have been instructed from above to keep loans floating because the Repo Crisis is demonstrating that rates are under pressure to rise, not fall!

If you have a mortgage that is floating, lock it in with a fixed rate.

Those looking to buy have a dilemma. On the one hand, real estate prices are high in many regions and you can wait for prices to come down before buying. On the other hand, when prices start to tumble it will be the result of an inability to get long-term fixed loans so prices will fall to where people will be able to get loans or pay cash. The solution may be to buy when you can get a long-term fixed mortgage and then hedge it with eventually shorting rates where there will be a liquid marke

Hillary off the Hook!


An investigation launched into Hillary Clinton in November of 2017 by the DOJ and US Attorney John Huber has ended with no charges.

Former AG Jeff Sessions appointed Huber to investigate the Clinton Foundation.

Huber did nothing.

He never interviewed key witnesses.

Evidence was sent to the Huber investigation three times because they kept “losing it”.

It is a two tier Justice system and the American people are tired of it.

Now the ball is in AG Barr and Durham’s court.

It will be up to Barr and Durham to finally end the two tier Justice system or our Republic is lost.

Will Barr’s DOJ finally do something?  Maybe when they are “hungry’ enough.

Is Hillary Clinton “off the Hook” and exonerated like the Washington Post claims?

Or does this mean that no one will talk to the Washington Post and they are making stuff up…as usual.

Stay Tooned, this is not over!

#LOCKHERUP

Tina