Prosecutors have More Power than Judges


D.C._Court_of_Appeals

In a Washington DC Court of Appeals decision United States v. Fokker Services B.V., a Dutch aerospace firm accused of making more than 1,000 illegal shipments of parts and components to Iran and other sanctioned countries from 2005 to 2010, the Executive Branch was handed dictatorial powers last month. It held that Federal judges have no authority to “second-guess” the discretion of federal prosecutors to cut deals with companies under criminal investigation. This was a unanimous ruling handing unimaginable power to the Justice Department which claims discretion to obey the law. This is why Hillary can escape prosecution because the government can deny equal protection of the law to its citizens be prosecution some people and not others for the very same offense.

The U.S. Court of Appeals for the D.C. held that the Justice Department may engage in the often-controversial deals it uses to punish large companies without leaving the scar of a criminal conviction that might threaten their existence when it comes to things like a banking license. These deals are called “Deferred Prosecution Agreements” which allow companies to avoid criminal prosecution by paying a fine and submitting to certain conditions for a period of probation, after accepting responsibility for wrongdoing. Of course, who becomes the probation officer? Former US attorney’s such as Ashcroft who gets tens of millions of dollars in return for no criminal prosecution. Yes, NJ governor Chris Christie when he was a federal prosecutor, did such a deal where the company had to pay  $52 million to John Ashcroft former US Attorney General to monitor a firm in New Jersey. These types of deals are rotten to the core and for the US Court of Appeals to rule judges have no power to object, is handing prosecutors the ultimate blackmail card of all time.

The “discretion” in legal terms has been transformed into exactly what it was not suppose to be. The Supreme Court explained back in 1824 in the landmark case:

Osborn v. Bank of the United States
22 U.S. 738 (1824)

“When they are said to exercise a discretion, it is a mere legal discretion, a discretion to be exercised in discerning the course prescribed by law; and, when that is discerned, it is the duty of the court to follow it. Judicial power is never exercised for the purpose of giving effect to the will of the judge, always for the purpose of giving effect to the will of the legislature; or, in other words, to the will of the law.”

id/22 US 866

When the President of the United States takes office, he takes his oath of office which has just become word they babble any more.

“Before he enter on the Execution of his Office, he shall take the following Oath or Affirmation: — “I do solemnly swear (or affirm) that I will faithfully execute the Office of President of the United States, and will to the best of my Ability, preserve, protect and defend the Constitution of the United States.”

ARTICLE II, SECTION 1, CLAUSE 8

Nowhere within this oath is there the word “discretion” to execute what laws he likes or against only people he dislikes. This decision effectively nullifies that oath entirely and declares to the entire world to see that there is no rule of law, for the President and everything within the executive branch has the discretion to enforce the laws created by Congress. That bluntly means that the people have absolutely no say whatsoever in government for they pretend to elect “representatives” who can legislate but the President need not listen. Here is Congressional powers defined in the Constitution “To make all Laws which shall be necessary”. None of this means anything if the President has the “discretion” to enforce what laws he agrees with. That is a dictatorship and tyranny.


 

Section. 8.

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

To borrow Money on the credit of the United States;

To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;

To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;

To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;

To establish Post Offices and post Roads;

To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries;

To constitute Tribunals inferior to the supreme Court;

To define and punish Piracies and Felonies committed on the high Seas, and Offences against the Law of Nations;

To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water;

To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;

To provide and maintain a Navy;

To make Rules for the Government and Regulation of the land and naval Forces;

To provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions;

To provide for organizing, arming, and disciplining, the Militia, and for governing such Part of them as may be employed in the Service of the United States, reserving to the States respectively, the Appointment of the Officers, and the Authority of training the Militia according to the discipline prescribed by Congress;

To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, by Cession of particular States, and the Acceptance of Congress, become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings;—And

To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.

The Sixty Three Hundred Billion Dollar Question…


Its always about the money — nothing else matters for when you have LOTS of it you can buy anything that you desire. Politicians take care of making sure that they get as much as they can and over the past 20 years they have take so much that they have destroyed the country; and all it took was to throw a few penny’s to the masses while they all became multi-Billionaires!

Paul Ryan Challenger Paul Nehlen Discusses Trans-Pacific Trade Partnership…


That Time When MSNBC’s Dylan Ratigan Inadvertently Made The Case for Donald Trump (video)…


German Study: USA is the Top Tax Haven in the World


TAX Haven USA

Migration to USAA new study by the Green Party in Germany places the USA at the top of the list of tax havens for foreign investors. They have highlighted the key states in their study. I have written about this before. The strong capital flows coming into the USA from overseas have been stunning, to say the least. Some 3,000 millionaires from Greece, 10,000 millionaires from France, 6,000 millionaires from Italy, 2,000 millionaires from Spain, and about 2,000 millionaires from Russia have all migrated to the USA.

This is confirming what we see on capital flows. The dollar haters are incapable of looking at international news, and they only focus on the Fed and the Treasury. They seem incapable of objective analysis or looking at the entire world.

World Economy Melting Down


Global-Political Economy

QUESTION: Mr. Armstrong; You have indeed sparked my curiosity. With both the velocity of money and the trading volume declining since 1998, this seems to be a very dangerous position and your work is really eye opening. I read your Transactional Banking and it seems that this has changed everything for the worse. Your Big Bang seems to have been on target starting with 2015.75 as that was the peak in government and we have seen a further decline in economic growth. With trading volume bottoming in 2014 and your War Cycle turning up also in 2014, the picture is starting to come into focus. Your warning of a Phase Transition building is also starting to make sense for the volume is at the lows not the highs and it appears you are forecasting a big rush out of government debt into private. I think I am beginning to see the future and this looks crazy indeed. Am I on the right track?

Thank you so much for the most thought provoking blog on the web.

JD

ANSWER: Yes, you are on the right track. We are caught in a riptide of events that we cannot escape from. The bigger picture connects all these models together. Our political models and war cycle, as well as the transactional banking evolution and sovereign debt crisis, are lining up to reshape the future in a way I had hoped would be wrong. We held the Solution Conference to show the way out. It gives me no pleasure in bringing all of this together. I cannot simply reduce this to a single cause and effect. This is not even about one country; it is primitive to talk about the dollar and how it will crash and burn without any comprehension of the real trend in motion on a global scale. Politicians are doing whatever they can to make this insanity worse. Merkel is allowing a cultural invasion of Europe and she will not stop. The G20 as of January 1, 2017, will track every dime globally and share info on everyone for taxes.

USA Net Cap 1960-1990 Annotated

From 1983 onward, the capital flows have shifted in preparation for this private wave. This is what made the dollar reach record highs in 1985 with the British pound dropping to par. Of course, this also made our Capital Flow Models world famous, and now even China has publicly stated they use capital flow analysis to manage monetary policy. What made the world economy recover following World War II was that USA ended up with 76% of the world gold reserves, which made the dollar the reserve currency. Americans invested outside of the USA and restarted the world economy. Now we have FATCA and Americans cannot even have a bank account outside the USA, no less start a business. Capital is contracting into the USA. Now the G20 will make that contract even more. With tax havens destroyed by the IMF’s threats to unplug them from the SWIFT system to stop money going in or out of their countries, the only place is the United States for Americans, by law, and the rest of the world once again as was the case for World War I and II.

This is why we will be putting this all together at this year’s World Economic Conference. It is an amazing picture, no doubt. Whatever could go wrong is going wrong. The vast majority of people will lose everything — that is just the way it goes. The model is designed to give us the CONFIRMING points (e.g. if this happens, then this will occur). So when you approach this globally, only then will the trend make your eyes pop open. It appears 2017 is opening the door. Nobody has ever lived through such an event, so I do not understand how it is even possible to do this from an “opinion” perspective. To survive, we need a comprehensive global model you can see.

TTIP is the Bookend to the WTO Agreement to Protect Bankers


 

TTIP
The TTIP proposal is bought and paid for by the banks. Why? Pick up the rug and you will always find the dirt. The USA has been fining European banks vast amounts of money. The New York banks, especially Goldman Sachs, is shaking like a leaf that they could be hauled into European courts to pay for the collapse of Greek debt for starters. The main stumbling block with TTIP is how it has been written at the request of the bankers to prohibit any foreign country from suing a New York banks anywhere by New York City – where they own the judges today just as the Mafia use to during the Prohibition days.

Rubin-ROBERTBack in 1999, the ex-Goldman Sachs U.S. Treasury Secretary Robert Rubin said that crafting a deal that will let China into the World Trade Organization was “eminently doable.” Yes it was Robert Rubin who not only orchestrated the repeal of Glass Steagall, few people realize that he also opened the door so Goldman Sachs could even sell derivative time-bombs outside the USA. He managed to stuff into the World Trade Organization agreement, the financial services portion that placed the world at the door-step of Goldman Sachs.

This deal covered “95% of the global financial services market as measured in revenue. With this deal, 102 WTO members now have market-opening commitments in the financial services sector, including 70 improved offers in this round of negotiations. The commitments before us now encompass $17.8 trillion in global securities assets; $38 trillion in global (domestic) bank lending; and $22.2 trillion in worldwide insurance premiums. In insurance alone, US companies now have more than $200 billion in foreign premiums.” (Statement by Secretary Rubin and Ambassador Barshefsky Regarding the Successful Conclusion of the WTO Financial Services Negotiations 12/13/1997)

TTIP is now all about protecting the banks for lawsuits because they blew-up the world and seriously damaged the global economy. Under Ronald Reagan, the annual GDP growth was 3.5%. Obama will pray for 1.5%. Trading volume in the S&P500 as well as the velocity of money have crashed and burned ever since Rubin connived to repealed Glass Steagal giving birth to Transactional Banking. TTIP is by no means a real trade deal. It is one-sided and intended primarily to protect the New York bankers.

Trading Volumes Declines as Hoarding Rises due to Uncertainty


S&P500 Trading Volume 1982-2016

QUESTION: Everyone in the gold industry says you are wrong. The stock market will crash by 90% and gold will soar. Will you address that scenario just once?


Fed Velocity of Money May 1 2016ANSWER:
I have answered this frivolous question countless times. This is the most bearish rally in stocks ever. That is why the stock market has kept rising. The shorts always have to buy back. Just look at the big hedge funds. Their performance has declined markedly because they have taken that typical view. I displayed how the Velocity of money peaked in 1998 and has been in a bear market ever since. Naturally, people believe what they want to believe and ignore anything that shows them to be wrong. Well now look that the ANNUAL accumulative trading volume in the S&P500. It too peaked in 1996. Volume finally bottomed in 2014 and is at last edging up. We expected the turn upward in 2015 as this was also 86 years from 1929 (8.6 * 10).

JumperEven the speculative bets on the direction of currencies have also dropped to the lowest in years, while average daily trading among dealers in U.S. Treasuries is close to a seven-year low.

I’m sorry. But please explain to me how the stock market will fall to 10 cents on the dollar when there is no massive retail speculation? This is by no means 1929 with people jumping out of windows. You want to believe that so no matter what evidence I show you, you will say I am wrong and just ignore me.

There is something far more sinister at foot. Just keep listening to that nonsense since it makes you feel better. The rest of us will be reviewing the world economy to get a glimpse at just what the heck is really going on here that have confounded all the theories devised by classic thinkers.

Trouble in Saudi Arabia


SAUDIA-M 5-9-2016 SAUDIA-FOR-M 5-9-2016

Political instability is rising in Saudi Arabia. The Saudi king has fired his longtime Secretary of Energy and the head of the central bank has been replaced. The royal family is now fighting to sustain power.

The fall in the price of oil is having a political impact within the power structure of Saudi Arabia. Eventually, the rise in the dollar on world markets will force the peg to fail. As that develops, we should pay attention for this type of event may lead to a very serious political situation that could change the structure of government. The risks begin to build in June, October, and then next March.

Trump At Least Discussing the National Debt


Trump-8

While many are slamming Trump for suggesting that the U.S. buy back its debt for less than face value, the truth is that he is at least talking about the issue.

When criticized by George Stephanopoulous, Trump responded, “You never know. At some point, they [China] might want to get out. Maybe they need their money, they might wanna get out.” It is amazing that people in government and mainstream media see no problem with borrowing year after year without ever paying off the debt.

Why do we borrow if we do not expect to ever pay off the debt? That is a question no one asks. Instead of criticizing Trump, they should bring this issue forward and actually explore why we borrow more every year.