US Share Market Broad Overvaluation Index – One of the Best Leading Indicators We Have Ever Created


QUESTION: Marty; back in the 1980s you would show your proprietary index on the overvaluation of the broad share market filtered in currency and capital flows. You have mentioned it is by no means an overbought market. Can you post an update of that index? You haven’t shown it recently that recall.

I know you said this was your best revenge. They either try to steal your work or ignore you.

Nevertheless, hang in there.

Thank you really for all you do.

See you in Orlando

BP

ANSWER: Yes, here is the index on a monthly basis up to the close of July 2017. We are by no means overbought and we are a VERY VERY VERY VERY long way away still – no matter how nuts that seems to many. We are well below the 1929 highs still.

The historical low in this index took place in August 1981, one month prior to the low in the bonds and the shift from Public to Private investment following the 1929 high. It retested that low in August 1985, one month before the Plaza Accord and the Plateau move we were forecasting back then for the breakout in the US share market.

This index has been correlated to major shifts incredibly often one month leading events. It may be our best index ever created. It has been back tested starting in 1790. It is something I most certainly look at to see where we are historically. So while everyone has been screaming CRASH, this index has stood its ground just saying – sorry boys – just no way.

The historical high took place in December 1928 and then the retest came in August 1929 and failed one month before the major high.

This complex Index is being added to the Global Market Watch for it is time to begin paying attention to this on a daily level.

WEC November 3-4, 2017 – The Monetary Crisis Cycle


This year’s WEC (World Economic Conference) is time to address the beginning of the most important event perhaps in our lifetime that stands on the event horizon to begin in 2018. We have nearly reached our second target on the Dow Jones Industrial Index – 23,000. They laughed at our forecast back in 2011 that the Dow would make new highs.  As many people have noticed, if the mainstream media believed our forecast would be true back then, they would have naturally did a follow-up asking why we were right. Since 99% of the world was bearish, they thought our forecast was a joke and impossible.

Nevertheless, that is a very GOOD thing. I grant very few interviews because clients generally do not want to see our forecasts all over the front pages of mainstream media. That will never happen because they have their stable of people they promote and they are looking for people who like to call themselves a guru or prophet. If you have to call yourself that, it proves you are just selling hype to the next sucker. So no worries. The major mainstream media will NEVER report what we do. It goes against the grain.

We have been warning that we are nearing a Phase Transition lift-off. This year’s WEC will focus on what is about to unfold and how to trade this one – because it will be by no means a walk in the park. We are preparing a special report for those who attended Hong Kong & those attending Orlando – HOW TO TRADE A VERTICAL MARKET. You are going to need this one.

We have been moving ever closer to this major event of a Sovereign Debt Crisis which begins next year with the start of the Monetary Crisis Cycle. Governments are clueless as to what is about to unfold. The same is true about 99% of all analysts. Why? You cannot make such forecasts without extremely long databases. You have to see how everything comes together to make these major events in history unfold. That is why most models have at best been back-tested to only 1971. Within the course of history, that is like looking at the last 10 days in the Dow and basing a model only on that slice of time. The obvious conclusion of such a model is the Dow only goes up.

Historically, the majority MUST be wrong for that is the fuel behind the economy and the business cycle. Consequently, the booms and busts cannot be eliminated by government for they react and never prevent anything since they do not understand that they are ALWAYS, and without exception, the primary cause in making the worst economic disasters throughout history. Government will also ALWAYS bite the hand that has feeds it because the object is simply to control the people never properly run the economy for the benefit of all. It historically has ALWAYS come down to a confrontation between the government and the people. Throughout history, there has never been one benevolent government that has EVER surrendered power willingly for the good of the country. That has NEVER happened even once. Power has always had to be ripped from their grasp either by the people, an internal coup, or some foreign invader.

This year’s WEC will focus on the Monetary Crisis Cycle, for now the clock will begin ticking. We have reached almost 23,000 on the Dow – our second target. Will we now reach the third 38,000-42,000 before this is all over?

Seating is limited as always – Ticket Price is $2500

The Risk of North Korea


QUESTION: Dear Mister Armstrong, I have been pondering the thought of Mr. Trump actually welcoming a war with North Korea since Kim Jong Eng launched the first missile via the genesis of the Trump administration. If a war materialized would it not have a actual possibility of stinging China’s economy to a certain degree after all that was one of the main reasons why Trump ran for President “China is eating our lunch”!! Countless refugees would flood into South Korea undoubtedly, but I am a bit hesitant how far “North Korean refugees”would infiltrate as far as reaching the China? Alternatively at the time in question perhaps Kim Jong Eng would be terminated.

The coming times

Thank you

JS

ANSWER: From a timing perspective, 72 years from the birth of the 38th Parallel brings us right here to 2017. The War Cycle brings us to the last date being 2020.92. I doubt that China would allow any refugees to cross the border. Perhaps there will at least be some attempt to assassinate Kim Jong-il, but that is also a long-shot.

The division of Korea between North and South Korea was the result of the allied victory in World War II in 1945, ending the Empire of Japan’s 35-year rule of Korea. The United States and the Soviet Union occupied the country, with the boundary between their zones of control along the 38th parallel. The United States supported the South, and the Soviet Union supported the North, and each government claimed sovereignty over the whole Korean peninsula. American troops occupy southern Korea, while the Soviet Union occupies the north, with the dividing line being the 38th parallel of latitude, which was established on September 8th, 1945 (1945,68). This arrangement proves to be the indirect beginning of a divided Korea which will lead to the Korean War in 1950.

The Korean War (1950–1953) left the two Korea’s separated by the Korean Demilitarized Zone (DMZ) in the later part of the Cold War and beyond. However, the collapse of the Soviet Union in 1991 deprived North Korea of its main source of economic aid. Without Soviet aid, North Korea’s economy went into an economic free-fall in 1992 pretty much in line with the Economic Confidence Model calculated from the birth of the 38th Parallel.

By this time in the early 1990s, Kim Jong-il was already conducting most of the day-to-day activities of running of the state. Meanwhile, international tensions were rising over North Korea’s quest for nuclear weapons. Former US president Jimmy Carter made a visit to Pyongyang in June 1994 in which he met with Kim and returned proclaiming that he had resolved the crisis. However, Kim Il-sung died from a sudden heart attack on July 8, 1994, three weeks after the Carter visit. His son, Kim Jong-il, had already assumed key positions in the government, succeeded as General-Secretary of the Korean Workers’ Party.

He needs to be a threat to the world to retain his power. If he every reversed so that all the sanctions would be removed, the people would most likely overthrow him. So for personal self-interest, he needs to keep a war posture. A war there would send the dollar higher against China. However, keep in mind that Congress is going insane with its sanctions against Russia and that too will alienate China.

 

Keeping 30 days Worth of Cash Applies Worldwide


QUESTION:  On Aug. 2 in your blog that you stonily recommend that everyone keep 30 days worth of cash was that just for the Eu?

Thank You

S

ANSWER:  No. Even FDR closed the banks. While bailouts have ceased, the government will simply now expropriate depositors money to save the banks. Keep in mind that the banks sell the government debt call the primary dealers. So no matter what they say, they will protect the banks before the people. The risk is greater in the EU than in the USA. Long-term, keeping cash for expenses will be a wise decision to cover 30 days.

The Canadian Dollar Review


COMMENT: #1: Marty,

Thank you for your recent post on the private blog on July 12th.

Socrates had identified the week of July 24th as a key week for a potential high with the two key target areas of resistance at 80.50 and 81.75.

The actual high was 80.62 on July 26th. I am sure that there are some very happy Canadians trading this market with a recent print today at 78.995.

Again, thank you for all that you are doing and we look forward to the future release of the Trader version of Socrates.

Best regards,

Anonymous…….

COMMENT #2: Mr. Armstrong. You have proven beyond a shadow of a doubt that you have tapped into something very important. Your forecasts on everything pans out and your computer picks turning points astonishingly. No wonder the big boys call upon you. Nobody else can do this. Your latest call on the Canadian dollar has been stunning.

All the best

RK

REPLY: There is a hidden order the computer can see. It is time to stop the opinions. There is a hidden order out there if you are willing to listen and open our eyes

Saint-Tropez – The Billionaire’s Harbor is Empty


When you impose drastic and excessively high taxes to get the “rich” and their yachts, they just sail away. Saint-Tropez, which was known as the “Billionaire’s Harbor” is just about empty. The yachts sailed off to Italy and Spain abandoning the French Riviera. The local government is pleading with Macron to intervene. They say revenue is already off 30% for boating fees. However, the whole community is feeling it because the “rich” spend money more easily in local restaurants and shops. So the whole economy in South France is dropping very sharply.

In addition, from people I know personally, they have set sail to Portugal to also escape from the refugee madness. It will be interesting to see what happens to the tourism revenue at the end of the summer.

Facial Recognition in Street Cameras to Increase Tax Revenues


Many cities around the world are now introducing facial recognition into their cameras which monitor the streets. In other words, the government will know who and where you are. New York City is introducing this technology. This is by no means about terrorism. It is being employed to find anyone accused of any crime and that will include tax avoidance. In fact, facial recognition technology in Britain has been employed and they made their first arrest using this technology. They already have some 500,000 people’s faces in their database.  Under the protest of data protectors in Germany, they too have begun a test run for the facial recognition detection by video camera in Berlin. The systems of three manufacturers are to be tried out for face recognition.

Video surveillance is claimed to be an important contribution toward greater security by helping to deter and assist in the detection of terrorism which is the excuse. The problem is that the application is for everything and not simply terrorists. Years ago when I had a parking ticket in London I had not paid when just a tourist, upon returning to Britain at customs I was pulled over and had to pay the ticket before entering. The same is being done in many other countries. Add to this facial recognition and you will see that it is not profitable to employ all this expense for terrorists. They will be looking to use it for all offenses.

Which Banks to Keep Cash Short-term


QUESTION: Hi Marty

A quick question for you – given the moves afoot inside the EU are blocking bank accounts even of those with less than €100,000 , which banking jurisdictions would you put on the shortlist for those ordinary people resident in Europe who want a bank in a decent jurisdiction and where the regulatory framework is relatively sensible ?

BR

ANSWER: The best choice is obviously Britain or the United States. We need to ensure that BREXIT takes place. Therefore, temporarily, Switzerland is a near-term option. The EU Commission would have control over ALL banks within the EU. Since the Swiss franc will decline against the dollar, a US dollar account would make sense since US banks use Treasuries for reserves, whereas European banks use politically correct debt of all EU member states

American Imperialism – Why Congress Violates International Law


FATCAWe have a very serious problem with Congress. Their actions in far too many ways is displaying (1) a total disregard for international law, and (2) a clear arrogance that they will punish foreigners for not obeying US law outside the territorial jurisdiction of the United States. What if Germany passed a law to punish Americans for criticizing something in Germany from within the United States? Would that not be outrageous?

Congress has been on a path of IMPERIALISM since the Obama Administration and it began with taxes. Even John McCain supported a law which thankfully failed that would have required every business to collect the sales tax of every state and remit it to them monthly. You cannot imagine how that would have destroyed small business with legal and accounting fees subjecting them to outrageous penalties for a single mistake. Then came FATCA. Congress has single-handedly destroyed the ability of American small business to grow internationally. They assumed that if an American had any account outside the USA it was to hide money. Since Congress did not trust the people to pay taxes, they imposed harsh penalties upon any foreign institution that did not REPORT to the United States what any American was doing overseas. An American can no longer open offices overseas for no institution will accept a business account from an American no matter how legitimate because if they FAIL to report what the American is doing, the institution;s assets in the United States can be seized by the government. The risk is far too high so no American or dual citizen can now open a bank account in Europe or Asia reducing American economic expansion.

Now the Russian sanctions are effectively an all out economic war. Once again, Congress has taken an imperialist view and will punish any foreign company doing business in the United States if they also do business with Russia. This is beyond a trade war – it is wholesale economic war which also took place during the 1930s that set in motion World War II. The French disagreed with merging Germany and Austria so they began shorting the Austrian bonds. When Germany tried to support Austria, the French turned against Germany in the financial markets shorting their bonds. Britain came in to try to support Germany and the French began shorting the British gilts. The net result was World War II began in 1931 when country after country was forced off the gold standard defaulting on their national debts. The arrogance of the American Congress is no different than the French actions in 1931.

Europe is now threatening the US with counter-measures because of its sharper Russian sanctions, which could also hit German companies. Congress is attempting to dictate to non-American companies punishing them for doing business with Russia and this is simply unlawfully violating international law. The American Congress cannot punish foreign companies because they are doing business in another country. Congress has moved far beyond a trade war of simply tariffs. This is an economic war that can set in motion the next MONETARY CRISIS just as the French set in motion the MONETARY CRISIS of 1931.

Russia is currently reacting with a massive expulsion wave against US diplomats to the US Congress’s tightening of sanctions against the country and is rightly doing so. President Vladimir Putin announced in an interview that 755 US diplomats had to leave the country by September 1st. The Russian Foreign Ministry announced that the number of employees at the US embassy and consulates in Russia should fall to 455 by the end of August. At the same time, Putin retained further retaliatory measures for the future, and was skeptical about an imminent improvement in relations between the two countries. Congress has simply lost its mind.

 

Congress is regularly violating International Law and unfortunately, it has refused to submit jurisdiction to any international court. The likelihood of the US Supreme Court overruling FATCA or this new round of Russian Sanction is about nil. Congress’ actions show the total IGNORANCE of what is at stake and what the American Revolution was all about. The reason the Congress cannot compel foreign entities to comply with US law outside the United States is called TERRITORIAL JURISDICTION, which was born with the American Revolution. No nation can sanction another outside its jurisdiction and then demand that all other countries obey its law – that is IMPERIALISM

The Founding Fathers knew very well what they were doing when the established Jurisdictional Law. For you see, “JURISDICTION” was different before the American Revolution. You were the PROPERTY of the king. If you killed someone while on vacation in Paris from England, the French were NOT allowed to punish you. They had to send you back to your king who owned you telling him what you did and ONLY he could punish you since you were his property.

Then comes the American Revolution against monarchy. This presented a HUGE problem legally. What if you were on vacation from France and killed someone in New York? If Americans did not have a king and you were a FREE citizen not belonging to a king here, how would they deal with the problem? Did they send you back to your king because he claimed he “owned” you when we claimed we were FREE individuals?

The subject of law and jurisdiction was considered deeply by the Founding Fathers and what emerged was human rights not the rights of monarchs. It was decided that the laws of the United States must apply to everyone while they were here and nobody would be sent back to a king they did not recognize. Thus, what emerged was TERRITORIAL JURISDICTION. With the death of monarchy and the rise in the respect for the dignity of man, the laws of nations were to secure the rights, liberties, privileges and protection of ALL inhabitants within the TERRITORIAL JURISDICTION of the sovereign state. This fundamental change in the focus of rights of the monarch to that of the individual is reflected in Madison’s Report on the Virginia Resolutions (1800)  (4 Elliot’s Debates 556).  It was the American Revolution that changed international law establishing for the first time Jurisdictional Law predicated upon human rights. Congress’ actions with FATCA and now the Russian sanction demonstrates that they are no different from the monarchy of old and place their desires first above human rights.

The emergence of the nation-state in Europe and the growth of the doctrine of absolute territorial sovereignty changed the nature of extraterritorial rights or international law. No longer were strangers to be denied the advantages of local law. Indeed, territorial sovereignty meant the exercise of sovereignty over all residents within the borders of the state, and thus is it utterly UNCONSTITUTIONAL for the States to impose ANY obligation upon anyone outside its TERRITORY to comply with its own laws even regarding their own citizens. Congress tried to defeat the constitution regarding the detainees at Guantanamo Bay arguing that they were not within the territorial jurisdiction of the United States. On June 12, 2008, the Supreme Court ruled against the U.S. government in cases brought by foreign nationals challenging their detention at the Guantanamo Bay, Cuba military facility. A five-justice majority in Boumediene v. Bush held that the Military Commissions Act of 2006 (MCA) to deny the application of rights to Guantanamo Bay violated the U.S. constitutional right of the detainees to meaningful habeas corpus review by federal civilian judges. According to the Court, the Constitution prevents the government from barring detainees from rigorous habeas review and instead substituting military fact-finding followed only by a limited right of review in the U.S. Court of Appeals for the District of Columbia Circuit. Notably, the Supreme Court did not decide which specific habeas review procedures are required by the Constitution, but instead sent the cases back to the federal district court to litigate that and related issues. The four dissenting justices would have upheld the constitutionality of the MCA’s withdrawal of habeas jurisdiction.

The in 2004, the Supreme Court reversed itself avoiding constitutional review limiting it to statutory construction in a very obvious rejection of the Constitution. In Rasul v. Bush (2004), the Supreme Court reversed on very narrow grounds the holding that U.S. courts have jurisdiction under a federal habeas statute to hear the detainees’ lawsuits. “Considering that the [habeas] statute draws no distinction between Americans and aliens held in federal custody,” the Court found “little reason to think that Congress intended the geographical coverage of the statute to vary depending on the detainee’s citizenship.” Constitutional questions about access to courts or substantive rights of aliens outside the sovereign territory of the United States were left for another day avoiding any ruling. Rasul was thereafter released by the government and that ended that review.

In 2004, at the same time as Rasul, the Supreme Court decided in Hamdi v. Rumsfeld that a U.S. citizen in military custody inside the U.S. had a constitutional right under the Due Process Clause to “receive notice of the factual basis for his classification, and a fair opportunity to rebut the Government’s factual assertions before a neutral decisionmaker.” Though this holding did not by its terms apply to the non-citizens at Guantanamo, it did suggest that the Court was skeptical of the military detention process and willing, at least in some circumstances, to use the Constitution to supervise it. These cases demonstrate that Congress has deliberately attempted to violate the Constitution with regard to jurisdiction whenever it can. This is further evidence that they attempt to act like a dictator and deny human rights themselves whenever possible to maintain power. This is reflected both in FATCA as well as the new sanctions against Russia punishing foreign entities outside of the territorial jurisdiction of the United States for not obeying Congress.

Carpenter MatthewClearly, Congress is openly committing treason against the United States by asserting power it does not have and it clearly knows what it is doing but count on the fact that there is no court which will stand up to their usurpation of power. Historically, what emerged internationally and the fall of monarchy at first was the extraterritorial consular jurisdiction that finally tended to die out among Christian nations in the 18th and 19th centuries. Consular Courts were US courts held in foreign jurisdictions. At first an American committing a crime on a ship in a Japanese port was tried there by Americans but without the constitutional protections. This was still a claim over jurisdiction over the person based upon territory for it would apply to a non-Americans regarding a crime on an American ship.

In 1881, Senator Carpenter, while attacking these Consular Courts on the floor in Congress, argued they were “a disgrace to this nation” because they deprived citizens of the “fundamental and essential” rights to indictment and trial by jury, declared: “If we are too mean as a nation to pay the expense of observing the Constitution in China, then let us give up our concessions in China and come back to as much of the Constitution as we can afford to carry out.” 11 Cong. Rec. 410. Of course John McCain and Lindsey Graham do not appreciate the constitutional restraints in the least. They supported the total denial of any human right to anyone the government dares to allege sent even $1 to an organization the government further alleged supported terrorism. You are to be thrown in prison, denial all rights, a lawyer, and a trial until you die.

McCain-Graham

http://www.youtube.com/watch?v=9ni-nPc6gT4

International Law goes back to ancient times. It was seaborne transport that caused this same problem to surface. Whose law governed a ship? It was one of the earliest channels of commerce, and rules for resolving disputes involving maritime trade were developed in ancient recorded history. Early historical records of these laws include the Rhodian law (Nomos Rhodion Nautikos), which has not survived, but has been referenced in other legal texts such as Roman and Byzantine legal codes. Even the later the customs of the Hanseatic League refer to Rhodian law. In southern Italy the Ordinamenta et consuetudo maris (1063) at Trani and the Amalfian Laws were also early dated forms of international law that emerged from maritime or admiralty law after the Dark Ages. Congress has violated centuries of establishing human rights and international law.

Jefferson-Sig

The king abused the admiralty courts where there was no trial by jury. This was a prominent feature in the prelude to the American Revolution. Thomas Jefferson included the phrase in the Declaration of Independence “For depriving us in many cases, of the benefits of Trial by Jury” referring to the practice of Parliament giving the Admiralty Courts jurisdiction to enforce the Stamp Act in the American Colonies for taxes. Congress is trying to overturn the Constitution also today for taxes with respect to FATCA seizing assets of a foreign entity for an act it fails to do in its own country. Since the Stamp Act was unpopular, a colonial jury was unlikely to convict a colonist of its violation. However, because admiralty courts did not then grant trial by jury, a colonist accused of violating the Stamp Act (not paying taxes) could be more easily convicted by the Crown’s agents since there was no jury trial. Congress has done this to the Guantanamo Bay detainees and thus they remain in prison for life with no trial since 2001. And the US dares to claim China and Russia violate human right pretending to respect human rights itself.

Hamilton-2

Many American lawyers who were prominent in the American Revolution were in fact specialists in this unique area of international law and were known as admiralty and maritime lawyers in their private lives. Those included are Alexander Hamilton in New York and John Adams in Massachusetts. Today, very few lawyers even study the constitution for most only deal with statutory law presuming whatever law Congress enacts is constitutional. They are incapable of constitutional concepts for they study one semester and one class in constitutional law. Hence, we get Draconian laws with no concept that they are writing something really damaging to the nation as a whole. Moreover, the lawyers in Congress are typically those who failed in the legal profession to begin with. They were normally low-level lawyers.

Adams-JohnIn fact, in 1787 John Adams, who was then ambassador to France, wrote to James Madison proposing that the U.S. Constitution, then under consideration by the States, be amended to include “trial by jury in all matters of fact triable by the laws of the land [as opposed the law of admiralty] and not by the laws of Nations [i.e. not by the law of admiralty]”. The result was the Seventh Amendment to the U.S. Constitution which reads:

“In Suits at common law, where the value in controversy shall exceed twenty dollars, the right of trial by jury shall be preserved, and no fact tried by a jury, shall be otherwise re-examined in any Court of the United States, than according to the rules of the common law.”

John Adams represented John Hancock in an admiralty case in colonial Boston involving seizure of one of Hancock’s ships for violations of Customs regulations. Even Supreme Court Justice Oliver Wendell Holmes was an admiralty lawyer. Since trade was by ship among nations, we can see that an admiralty lawyer was a lawyer trained in international law.

Territorial Jurisdiction is a very serious matter for if we bend that to collect taxes or punish Russia, nothing is left. The Supreme Court once said “jurisdiction is not a matter of sympathy or favor. The courts are bound to take notice of the limits of their own authority, and it is no part of the defendant’s duty to help in obtaining and unauthorized judgment by surprise.” Reid v US, 211 US 529, 539 (1909). Congress is undermining the entire fabric upon which the global economy is constructed. This is VERY SERIOUS!

In Johnson v Eisentrager, 339 US 763 (1950), the Supreme Court rejected the extraterritorial jurisdiction of the Constitution and would not apply it to enemy aliens arrested in China and imprisoned in Germany after WWII saying they had no right even to file habeas corpus in the United States. The Guantanamo Bay is US Territory, and thus they had the right to habeas corpus because the government brought them back to the United States, see Boumediene v. Bush, 553 U.S. 723 (2008). The Johnson Court said:

“Such extraterritorial application of organic law would have been so significant an innovation in the practice of governments that, it intended or apprehended, it could scarcely have failed to excite contemporary comment. Not one word can be cited. No decision of this court supports such a view. Cf. Downes v Bidwell, 182 US 244 (1901). None of the learned commentators on our constitution has even hinted at it. The practice of every modern government is opposed to it.”

          Id/ 339 US at 784

This decision clearly states that FATCA and the Russian Sanctions are patently in violation of international law. Yet go try and find a federal judge to stand up and do the right thing – good luck. Even if you find one honest judge, the court of appeals will quickly overrule them. Welcome to the tyranny of imperialism.

When Government is infested self-interest for political vengeance against Russia to defend Hillary, it would help if they took the time to study the reasons we have Territorial Jurisdiction and why they are undermining centuries of law that is the foundation of civilization itself. Congress is destroying everything and commerce would be unworkable if every country did the same as the US Congress. If every American having any business in a foreign country failed to report what a German owns in Kansas could be seized overseas or arrest for traveling to Europe on vacation, it does not take a vivid imagination to realize that the entire global economy will come crashing down.

We will be preparing the Monetary Crisis Cycle report since it begins next year. Welcome to the insanity of politics. We simply MUST stop putting people who are ignorant of the past and the rule of law if we hope to create a better future for our posterity rather than a desolated land and a new Dark Age because we have stupidly destroying civilization.

Is the Federal Government a Sovereign or a Corporation?


QUESTION:  Is it true that the Federal Government is nothing more than a corporation? I have read that the “organic act of 1871” replaced our government with a corporation. I have to believe that with your knowledge of history you are aware of this. Does that mean all laws passed since that time are nothing more than corporate rules? Could elections that bypass the corporation actually be held? Granted that anyone running for office would be a marked person. Please share what are your thoughts? You are my hero Marty.

BH

 

ANSWER: No, The federal government is not a corporation. It is not even the “sovereign” for that is declared in the Constitution that “we the people” are sovereign over and above that of government. As such, the government only has the authority to have those specific powers that have been delegated to it through the Constitution. As the Supreme Court stated in LEGAL TENDER CASES, 110 U.S. 421 (1884) (also refered to as Julliard v Greenman);

But be that as it may, there is no such thing as a power of inherent sovereignty in the government of the United States. It is a government of delegated powers, supreme within its prescribed sphere, but powerless outside of it. In this country, sovereignty resides in the people, and congress can exercise no power which they have not, by their constitution, entrusted to it; all else is withheld.

These people take one kernel of truth and the extrapolate that twisting them into giant conspiracy theories that mean nothing at the end of the day but gibberish. The District of Columbia Organic Act of 1871 was an Act of Congress that repealed the individual charters of the cities of Washington and Georgetown and established a new territorial government for the whole District of Columbia. Organic Act of 1871, revoked the individual charters of the cities of Washington and Georgetown and combined them with Washington County to create a unified territorial government for the entire District of Columbia. This had nothing to do with the federal government, only the municipality of Washington DC and the territory, since it was not a state.

Municipal governments are generally corporations. A municipal corporation is the legal term for a local governing body, including (but not necessarily limited to) cities, counties, towns, townships, charter townships, villages, and boroughs. Municipal incorporation occurs when such municipalities become self-governing entities under the laws of the state. They are NOT a sovereign government as is a state or the federal government.

Corporations date back to Roman law. Historically, such corporate charters allowed groups of people to act as one and that the operation would survive an individual person. Charters historically protected directors and stockholders from liability for debts and harms caused by their corporations. American legislators explicitly rejected this corporate shield. The penalty for abuse or misuse of the charter was not a plea bargain and a fine, but dissolution of the corporation.

In 1819 the U.S. Supreme Court tried to strip states of this sovereign right of creating charters (corporations) by overruling a lower court’s decision that allowed New Hampshire to revoke a charter granted to Dartmouth College by King George III. The Court claimed that since the charter contained no revocation clause, it could not be withdrawn even thought there had been a revolution and the King was replaced. The Supreme Court’s attack on state sovereignty became a major issue. Laws were then written and new state constitutional amendments were enacted all to circumvent the (Dartmouth College v Woodward) ruling. Over several decades thereafter beginning in 1844, nineteen states amended their constitutions to make corporate charters subject to alteration or revocation by their legislatures who created them. Finally, in 1855 the Supreme Court reversed itself in Dodge v. Woolsey where it then reaffirmed state’s powers over “artificial bodies” we call corporations.

These conspiracy theories are really made up by people who are clueless about the rule of law and throw together assumptions to reach outrageous predetermined conclusions