Tag Archives: Naked Shorts

Sep 17 2023

The Birth of the US Dollar


Armstrong Economics Blog/USD $ Re-Posted Sep 17, 2023 by Martin Armstrong

Thomas Jefferson Act of Congress Signed as Secretary of State, January 14th, 1793,

Second Congress of the United States (1743-1826)

As Secretary of State, Thomas Jefferson amended a previous Act, “establishing a Mint and regulating the Coins of the United States,” establishing the copper weight specifications for the first US coins issued in 1793 – the Cent and Half Cent. This is a document from our collection on the Monetary System of the World, establishes the birth of the US dollar authorizing the first issue of the coinage of the United States. It is unique and of tremendous historical importance.

The first copper coins created by the new United States of America were introduced into circulation in March of 1793. This document is signed “Th’ Jefferson” as Secretary of State and countersigned (in type) by George Washington as President, John Adams as Vice President and President of the Senate, and Jonathan Trumbull as Speaker of the House of Representatives.

“Second Congress of the United States: At the Second Session, begun and held at the City of Philadelphia, in the state of Pennsylvania, on Monday, the fifth of November, one thousand seven hundred and ninety-two. An act establishing a Mint, and regulating the coins of the United States, so far as respects the Coinage of Copper.”

“Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, That every cent shall contain two hundred and eight grains of copper, and every half cent shall contain one hundred and four grains of copper; and that so much of the act ‘An act establishing a mint, and regulating the coins of the United States,’ as respects the weight of cents and half cents, shall be, and the same is hereby repealed…. Approved January fourteenth 1793…”

Sep 15 2023

Rule of Law & Prosecutors Are ALWAYS Above the Law


Armstrong Economics Blog/Rule of Law

Posted Sep 15, 2023 by Martin Armstrong

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Anyone who thinks prosecutors are to be trusted is out of your mind. I have NEVER met one that had an ounce of honesty or ethics. It is extremely rare for any court actually to go after a prosecutor. Perhaps one in a billion. They are on the same team to uphold their 99% conviction rate. Back in 2017, a prosecutor was caught red-handed listening to conversations of a defendant and their lawyer. They do that all the time. Even the New York Times published “Rampant Prosecutorial Misconduct” which was a shock that they acknowledged anything.

In a mafia case, the defendant asked for his phone call recordings in prison. They sent him those of the rat who would testify against him. There, he was on the phone with the prosecutor who was asking him to testify against someone else. He told the prosecutor he didn’t know that guy. The prosecutor said no problem; after he preps him, he will know him like his brother. He then submitted the tapes to Judge Kaplan in New York, demanding an investigation. Kaplan said that was a violation for a different case and refused to allow the tapes to be heard by the jury.

There was a 23-year-old kid charged with a conspiracy for a drug murder, and his crime was someone asked where some guy was, and he pointed over there. He wanted to go to trial, and the prosecutor moved for the death penalty because they never got on in NYC. This list goes on and on.

Prosecutors abuse the system to win unjust convictions ALL THE TIME. There is the case of JOSEPH SALVATIwhere the Boston jury awarded $102 million because the prosecutors KNEW they were convicting the wrong person. Anyone working for the government who does this sort of thing should be imprisoned. After all, they violate the civil rights of an individual and remain immune from criminal prosecution.

There is the case of Jack McCullough sentenced to life in prison in 1957, who was finally released in 2016. One Judge, U.S. District Judge Leigh Martin May, ruled that the SEC courts established by Roosevelt were unconstitutional. The government just ignored the ruling.

Wilson Edwin Paul

Then there was Edwin Paul Wilson (1928 – 2012), a former CIA and U.S. Naval Intelligence officer who was convicted in 1983 of illegally selling weapons to Libya. When one agency caught him, the CIA denied he worked for them. He was tried and convicted. His daughter fought to get documents to prove he worked for the government, which they denied. What they did to Wilson should give anyone pause as to why they would work for the government.

You can tell Wilson was innocent because they kept him in solitary confinement – the ultimate torture. They did that to prevent him from having free communications outside the prison.

It was later proven that the United States Department of Justice and the CIA had covered up evidence in the case. Wilson’s convictions were overturned in 2003, and he was freed the following year.

Wilson filed a civil suit against seven former federal prosecutors, two of whom are now federal judges and a past executive director of the CIA. On March 29th, 2007, U.S. District Judge Lee Rosenthal dismissed his case on the grounds that all eight had immunity covering their actions.

Nobody will hold prosecutors accountable, and most judges are former prosecutors, so good luck with pleading your case. There is not a vein of morality in most of these people. Even an honest judge is just overruled by the corrupt courts of appeal. When you stare into the eyes of a prosecutor or most judges, all you see is the coldness of evil stripped of all human emotion. They lose all humanity in order to do the job.

The Supreme Court has unleashed the total destruction of the Constitution upon all of us, and there is a growing call to acknowledge and address an epidemic of prosecutorial misconduct in the United States, but nobody will listen. The case was Imbler v. Pachtman, and its perverse holding is uncivilized in any democratic state, for it is the decision of a totalitarian regime.

History repeats because those in power will always act in their own self-interest. Nothing has changed since Thrasymachus warned Socrates, whom they sentenced to death, and Palto fled Athens, saying he would not allow a second crime against Philosophy.

There can be no justice when prosecutors are beyond responsibility for their deliberate actions. That is because ONLY the government can bring a criminal action, and they will NEVER prosecute their own. They would take the stand and state they were told to deny the Constitution and that they were only following orders.

Sep 15 2023

911 Investigation


Armstrong Economics Blog/Gov’t Incompetence Re-Posted Sep 14, 2023 by Martin Armstrong

Sep 12 2023

Never Forget – 9/11


Armstrong Economics Blog/Violence Re-Posted Sep 11, 2023 by Martin Armstrong

We honor the victims of the worst terrorist attack on American soil — 9/11. Take a moment to remember heroes in the fire department (my cousin was one of them), EMS, police services, and civilians who felt called to help. Never forget those who were lost.

Yet also never forget that the first World Trade Center bombers drew the twin towers in their prison cell with planes going into them. Never forget that the government KNEW and admitted that much, justifying Homeland Security because some agencies did not share information. Never forget, to this day, we still must take off our shoes and cannot have a bottle of water or even a jar of peanut butter. The government knew, and WTC7 was clearly taken down to cover up the place where all the evidence was stored. The claimed plane that hit the Pentagon miraculously destroyed the very room with all the financial records for the audit of missing trillions.

All the tapes from my case that confirmed the manipulation of markets by the bankers were in WTC7.

Aug 28 2023

Teaching Hedging


Armstrong Economics Blog/Trading Re-Posted Aug 27, 2023 by Martin Armstrong

COMMENT: Marty, I just wanted to thank you. I attended your 1985 World Economic Conference, and you taught me how to hedge. That made my career, and now I am about to retire. Nobody was teaching hedging in the early 1980s. You have impacted the world far more than you realize.

I will be at the WEC this year in my official capacity. Next year, it will be for me personally. I sincerely wanted to thank you, and you should post this. The newbies need to know you were there decades before anyone else.

God bless.

GK

REPLY: George, it has been a long journey. I am glad I helped you in your career. You have always been there for me and I appreciate old friends. BTW, they still do not teach hedging in universities. Just amazing.

Aug 26 2023

The Video of Reality


Armstrong Economics Blog/Ethics Re-Posted Aug 26, 2023 by Martin Armstrong

Aug 19 2023

The Hypocrisy of the Deep State


Armstrong Economics Blog/Corruption Re-Posted Aug 19, 2023 by Martin Armstrong

Aug 18 2023

Japan Exports Fall in July, Driven by 14.3% Decline in Shipments to China


Posted originally on the CTH on August 17, 2023 | Sundance 

Some economic data released by the land of the rising sun points to a larger global weakness in manufacturing demand.   Within the data year-over-year exports from Japan fell in July by 0.3%, which is the first time since 2021 the contraction was noted.

Digging a little deeper, the weakness in Japanese exports is driven primarily by a decline in exports to China of 14.3% in July, which follows a 10.9% decline in June.  Japan is a component supplier to China, which would indicate the demand for Chinese products globally is substantially less than Beijing has previously admitted.

That said, Japan’s direct export of finished goods to the U.S. actually increased 13.5%, mostly driven by the export of electric vehicles.

However, 13.5% is identical to the overall decrease in Japanese imports.

Essentially, component parts to China are down, but completed finished goods to the U.S. are up.  Overall, the results from Japan point to a soft overall global economic status, the result of continued contraction of Western economic activity.

TOKYO, Aug 17 (Reuters) – Japan’s exports fell in July for the first time in nearly 2-1/2 years, dragged down by faltering demand for light oil and chip-making equipment, underlining concerns about a global recession as demand in key markets such as China weaken.

Japanese exports fell 0.3% in July year-on-year, Ministry of Finance (MOF) data showed on Thursday, compared with a 0.8% decrease expected by economists in a Reuters poll. It followed a 1.5% rise in the previous month.

[…] Japanese policymakers are counting on exports to shore up the world’s No. 3 economy and pick up the slack in private consumption that has suffered due to rising prices.

However, the spectre of a sharper global slowdown and faltering growth in Japan’s major market China have raised concerns about the outlook.

The World Bank has warned that higher interest rates and tighter credit will take a bigger toll on global growth in 2024. (read more)

Meanwhile, I would not bet against Michael Burry.

Burry is betting against the S&P 500 and Nasdaq 100 this week, according to his fund’s latest releases. Securities and Exchange Commission filings.  The filing shows that he is now holding options against the S&P 500, hedging $886.6 million against the index.

The filing also revealed that Burry sold his shares in Capitol One, First Republic, PacWest Bancorp, Wells Fargo and Western Alliance after betting on them earlier this year in Trying to make money from the regional banking crisis.  Burry also sold his stakes in Chinese e-commerce giants Alibaba and JD.com.

In addition, he bought $738.8 million in put options against the Invesco QQQ Trust ETF – a fund made up of popular high-tech Nasdaq companies, such as big tech companies Apple and Microsoft as well as Nvidia, Tesla and PepsiCo.

Burry has pulled money out of China investments and U.S. banks and is hedging against tech and the S&P.  He took these positions before the data from Japanese exports to China was released.

Aug 5 2023

Seriously Sketchy – Judge Boasberg Sits in Back of DC District Court During President Trump Appearance


Posted originally on CTH on August 4, 2023 

As noted in Politico describing President Trump’s court appearance yesterday, “Minutes before Trump entered the pin-drop silent room, several federal judges — who have been processing the carnage of Jan. 6, 2021 for more than two years — filed into the public gallery, turning themselves into spectators in a building they typically rule. Chief Judge James Boasberg, who presided over several of the secret grand jury battles that preceded the charges against Trump, was among those marking the moment.”

[…] “Boasberg’s presence in the courtroom was a statement in itself. Alongside him was Judge Amy Berman Jackson, who has in her own courtroom excoriated Republicans who have refused to contradict Trump’s continued lies about the 2020 election. The pair, flanked by other judges and magistrate judges, watched Trump’s every move intently.”

In March, when I wrote the outline about Judge Boasberg being the corrupt DC judge who broke the constitutional restrictions on executive privilege, which technically forced Mike Pence to turn over his notes and testify to James Smith and the DC grand jury, I said at the time, “The entire judicial system is corrupt, soup to nuts, all of it.”  I was not using hyperbole.

For Judge Boasberg (who is on vacation) to show up in court and sit in the back row of the courtroom is a stunning visible display of judicial ideology and targeting.

In reality, Boasberg is bearing witness to the outcome he created by forcing a Vice President to give testimony against the Chief Executive, thereby establishing the basis for the fraudulent allegations Special Counsel Jack Smith was utilizing to target that same executive, President Donald Trump.

This is the same Judge Boasberg who sat as presiding judge on the FISA court.  The same Judge Boasberg who gave FBI lawyer Kevin Clinesmith a slap on the wrist for manufacturing evidence used in the Carter Page FISA application that defrauded the court.  The same Judge Boasberg who appointed former DOJ-NSD head Mary McCord as amicus curiae advisor to the court, after she knowingly and fraudulently submitted the FISA application to the court.

Two and a half years ago, while Judge Boasberg was on the FISA Court, I warned about the implications of all these interconnected judicial dots.  The entire DC federal bench is compromised.  The entire judiciary of the FISA Court process is compromised.  The entire federal judicial system is compromised.  Now we are stunningly seeing the scale and scope of that DC judicial corruption in the fraudulent case against President Donald Trump.

Former FISA Court Presiding Judge James Boasberg is no longer on the FISC.  However, he continues to advance the interests of the DC Deep State with rulings specifically tailored to protect the national security state.  [Boasberg Background Here]

Boasberg, an ally of SSCI Chairman Mark Warner, has intercepted several cases that brought sunlight upon the corrupt DC system.  In each case Boasberg ruled in favor of maintaining the corruption, including his willfully blind support of the FBI searching NSA databases to conduct illegal surveillance of Americans, and including Boasberg’s personal appointment of Mary McCord to run defense on behalf of the corrupt DOJ main office.  Keep in mind, Mary McCord’s husband works for Supreme Court justice John Roberts.

Then Presiding Judge James Boasberg, was the decision-maker in the appointment of Amici Curiae to the FISA court. There is no way, NO WAY, Judge Boasberg did not know Mary McCord was at the epicenter of the fraudulent FISA application used against Carter Page. Remember, in addition to being the FISC Presiding Judge, Boasberg was also the trial judge in the case against Kevin Clinesmith, the FBI lawyer who lied about Page working for the CIA on the FISA application. {Go Deep}

Boasberg knows Mary McCord took over from former DOJ-NSD head John Carlin (October 2016); and it was McCord who guided the Carter Page FISA application through the court and across the finish line (October 2016 and January 2017). That FISA application was built upon fraud and Mary McCord was at the center of it.

Mary McCord was also the DOJ-NSD official who went with Sally Yates to confront the White House Counsel, Don McGhan, about the Michael Flynn interview with the FBI. {Go Deep} It was also Mary McCord who had Michael Atkinson as the chief-legal-counsel for the DOJ-NSD -that’s her office attorney- when the FISA application was submitted in October 2016, and renewed in January 2017.

Michael Atkinson went from DOJ-NSD counsel to become the Intelligence Community Inspector General (ICIG). {Go Deep} In that new role, Atkinson changed the rules to allow an anonymous CIA whistleblower (Ciaramella on behalf of Vindman) to file the complaint that led to the Ukraine impeachment effort. {Go Deep} Who was the lead lawyer in the Jerry Nadler led House Judiciary Committee? Why Mary McCord of course. Judge Boasberg knows all of this… AND MORE.

[LINK to Source]

Boasberg knows the details of the fraudulent FISA application. Boasberg knows the details of the Inspector General Michael Horowitz report about the fraudulent FISA application and all the DOJ and FBI participants… which included Mary McCord. Boasberg knows exactly who Mary McCord is, and what activity she has taken on behalf of the political resistance inside the DOJ and inside congress. FISC Presiding Judge James Boasberg also knows Mary McCord has broken the law….

…And yet Boasberg appoints McCord as amici curiae?

Let’s be really clear here. The FISA court is a small unit. The judges in/around Washington DC are also a small unit. They know everything that is going on in and around their DC network. A FISA judge inside that DC system knows every granular detail of everything that comes into their purview. All of it. Judge Boasberg even wrote the last two FISA court opinions (2019 and 2020) about the FBI abuses of the FISA-702 process and warrantless, illegal violations of the NSA database.

There is simply no other way to look at the placement of Mary McCord other than to see what it was.

The FISA court is compromised – AND, McCord is being installed in order to coordinate any defensive measures that are needed to cover up that compromise.

There isn’t another way to look at this other than to see bad motives. There’s not a shred of possibility that Judge Boasberg does not know exactly who Mary McCord is, and what roles she played in the surveillance of candidate Donald Trump, President-elect Trump, President Trump and the House impeachment effort to remove President Donald Trump. Boasberg knows exactly who Mary McCord is.

Boasberg knows what the DOJ and FBI were doing in their targeting of candidate Trump and President Trump.   Perhaps more than any other DC judge, Boasberg has been at the center of it.  Yet Boasberg will force Vice President Pence to turn over executive privilege documents, give testimony against the interests of the President, and then sit in the back of the courtroom to watch the outcomes of all these years of tentacles…..

There has always been no other way to look at this.

I hate to say it so bluntly, but the federal court system in Washington DC is compromised and yes, weaponized….

… That’s the true “conspiracy against rights”.

[Support CTH Here]

Aug 2 2023

The Merging of Intent – Community Organizing and Main Justice


Posted originally on the CTH on August 1, 2023 | Sundance 

Until the era of Barack Obama and Eric Holder, the efforts of the community activists were to excuse and absolve the transparently guilty.  It was only when Barack Obama and Eric Holder moved into office that things changed; the inflection point was achieved.

What we now consider the weaponization of the DOJ is actually the outcome of Main Justice merging with community activism.  Instead of the long-standing method of absolving the transparently guilty, the justice system was repurposed to accuse the transparently innocent.

Only one voice noticed the changed activity as it was taking place and called my attention to it, that voice was author Jack Cashill.

From the Henry Louis Gates (beer summit) in the White House, which targeted Sgt James Crowley, to the accusations against George Zimmerman (Orlando), Darren Wilson (Ferguson), the Baltimore Six accusations, and all the way through to Donald Trump, Michael Flynn et al, there is one continuum of the same justice system ideological effort – to accuse the transparently innocent.  To weaponize the systems of power toward a unified objective.

In the early stages of 2009 to 2012, the media were probed and prodded, tested to identify their willful alignment and train them to assist.  In essence, the goal was to bring the corporate media into the new shifted dynamic of targeting.  The media no longer needed to justify the actions of the transparently guilty offenders.  The new goal was to frame the transparently innocent with accusations that advanced the interests of the regime.

People have noted the shift and realignment in Democrats.  This is all connected to this same shifted dynamic. The activists gained control of the levers of power.  The force of government now shifted the media narrative from bad behavior (targeting the guilty the activist supported) to good behavior (targeting the behavior of innocents the activists do not support).

While this media effort was taking place, Attorney General Eric Holder was transforming the DOJ into an ideological targeting enterprise.  Eventually, leading to what is visible now with a fully weaponized Main Justice and FBI system.  The FBI now protecting the interests of those who weaponize – those who are corrupt.

The 2011/2012 Tea Party targeting did not originate in the IRS; it began with Eric Holder triggering a “special research project” requesting CD ROM’s containing the names, organizations and entities listed on the Schedule-B’s of the various Tea Party group tax filings.  The IRS, via Lois Lerner, was eventually identified in this project by a whistleblower from the Cincinatti office, but it was Attorney General Eric Holder at the DOJ who initiated the entire operation.

The NSA database then became a tool with similar “special research” intent, and that process followed through the 2016 GOP presidential primary to the position it is today. The infiltration of Social Media platforms for this same type of targeting operation is another step in the continuum to notice.

If you step back from the granular details and look at the entire landscape, you can trace this origin to the inflection point where community activism merged with government.  That merge to generate a weaponized DOJ is entirely the result of President Obama’s 2008 election.

There are current voices who notice the Obama operative fingerprints still controlling the mechanisms today; examples like Lisa Monaco as Deputy AG at the Dept of Justice, as well as many more Obama administration officials still in positions of power and direct influence.  Special Counsel Jack Smith and his targeting operation against Donald Trump is simply another example of this extended operation.

All of these participants have some level of stakeholder investment in retaining this weaponized system.  Every tool at their disposal will be used in the retention.

Moving forward to destroy the corruption means we must first accept the origin.

Understanding the toxic outcome of the Obama origin, a fully weaponized American government, is akin to having a discussion about vaccine danger with those who already took the vaccine.   Few will want to accept the conversation!

…After all, it is easier to accept the results of a fraudulent election, than for them to admit their complicity in the demise of our nation.

P