Custodial Risk in New York City


QUESTION:

Hello Marty,

Your commentary and Socrates’ predictive capacity is ground-breaking. I have been following you for years. Thank you for your time and efforts.
I find it fascinating that the foretold decline of the West (by Socrates) coincides with the fourth-turning demographic study described by Strauss & Howe. Watching it unfold is causing some careful consideration and sleeplessness!

Few questions regarding the future disruption:

1) Could the pledging of negative-yielding bonds as collateral be causing the liquidity problems? As a private lender myself, how can a central bank (or anyone) lend against its par value (even overnight) when held to maturity you receive less than par?
2) What Brokers can protect against a Corzine / MF Global invasion of segregated accounts?
3) I am an Italian national. Do you think living low-key in Panama may be a way to ride out the coming chaos?

I appreciate your insights and opinion.

All the best,
JTK

ANSWER: There is about $17 trillion in outstanding negative-yielding bonds. It is far too complicated to go into great detail on a mere blog post. Suffice to say that the negative-yielding bonds are going to crash like something not witnessed since 1931. While a complete default is not likely prior to 2025/2026, we are going to witness the start of the collapse in 2020. These bonds have been bought by PUNTERS who are just trading them back and forth like a game of musical chairs. When the music stops, a lot of people will get caught holding these new 2.0 versions of financial debt bombs. Nobody is buying these things to actually hold. It is more akin to trading commodities where people are not actually interested in taking deliveries of lumber, hogs, silos of wheat or bars of silver. These are trading instruments only.

 

I strongly urge people to write to the White House and demand LEGAL REFORM in New York City. The entire fate of both the world economy and the domestic economy rests on the integrity of the rule of law which no longer exists. President Trump has the power to address this problem. He could clean house in the SEC and CFTC who will ALWAYS protect the bankers, as is the case in the Department of Justice. The banks have blown up the entire world economy. M.F. Global was using their clients’ money for its own punting and lost big time. Not a single banker was EVER changed, no less Corzine.

GlennJudge Martin Glenn presided on M.F. Global bankruptcy and created the first BAIL-IN without Congressional Authority. He was the first one to engage in FORCED LOANS by abandoning the rule of law to help the bankers and protect Corzine from losses by taking client accounts to cover M.F. Global’s losses. That is no different from what we saw in Cyprus. He simply allowed the confiscation of client funds when in fact the rule of law should have been that the bankers were responsible and M.F. Global’s losses and it should have been reversed. Never should the clients’ funds be taken for M.F. Global’s losses to the NY Bankers.

What Judge Martin Glenn’s ruling warns is you should NOT trust any company based in New York City. No other circuit would uphold what Glenn did to protect Corzine. While Glenn could not prosecute Corzine, the Department of Justice closed its eyes as did the SEC and CFTC. We lack legal integrity and that leaves a COUNTRY RISK that we would have to warn a client about if we were dealing with a third-world country. This is part of the reason China is still lagging behind. There MUST BE a straight forward Rule of Law or capital that cannot invest if there are no definitive rules.

As far as Panama is concerned, it has been one place that people have moved. Another is Thailand if you are looking at Asia

How Joe Biden Made His Millions


SUBSCRIBE

Joe Biden used to joke about being the poorest member of Congress. Now, he and his wife Jill Biden are millionaires. The 2020 presidential candidate, who has touted himself as a champion of the middle class, released his tax returns. The documents show the Bidens made more than $15 million in the two years after they left the White House.

Ed Klein details the rift between Bill and Hillary Clinton


3.72M subscribers

‘All Out War’ author Ed Klein speaks out on the election fallout, says Harvey Weinstein’s behavior was no secret to the family.

DiGenova: Comey, Clapper and Brennan will have to pay the ‘Barr bill’


3.72M subscribers

Barr taps U.S. attorney to investigate Russia probe origins; reaction and analysis from Joe DiGenova, Rep. Jim Jordan and Robert Ray on ‘The Ingraham Angle.’ FOX News operates the FOX News Channel (FNC), FOX Business Network (FBN), FOX News Radio, FOX News Headlines 24/7, FOXNews.com and the direct-to-consumer streaming service, FOX Nation. FOX News also produces FOX News Sunday on FOX Broadcasting Company and FOX News Edge. A top five-cable network, FNC has been the most watched news channel in the country for 17 consecutive years. According to a 2018 Research Intelligencer study by Brand Keys, FOX News ranks as the second most trusted television brand in the country. Additionally, a Suffolk University/USA Today survey states Fox News is the most trusted source for television news or commentary in the country, while a 2017 Gallup/Knight Foundation survey found that among Americans who could name an objective news source, FOX News is the top-cited outlet. FNC is available in nearly 90 million homes and dominates the cable news landscape while routinely notching the top ten programs in the genre.

DiGenova: FISA report will be explosive


751K subscribers

SUBSCRIBE
Joe DiGenova and Victoria Toensing discuss the highly anticipated FISA report. FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is the leading business network on television, topping CNBC in Business Day viewers for the second consecutive year. The network is available in more than 80 million homes in all markets across the United States. Owned by FOX, FBN has bureaus in Chicago, Los Angeles, Washington, D.C. and London.

Trump Justice Undercuts Tell-All Book by Anonymous “Resistance” Senior Official


148K subscribers

Biden and Kerry Share Ukraine Links Covered Up by State Department Crony


148K subscribers

Visit The Patriot Post: America’s News Digest http://bit.ly/2MS5vAo —– Fox News panel explodes when Steve Hilton accuses former State Department spokesman Marie Harf of covering up the link between Secretary of State John Kerry’s chief of staff and Burisma, the Ukraine energy firm that paid Hunter Biden $50,000/month for his lack of expertise. The revolving door between the federal government, the media, government contractors, and party politics, creates a positive feedback crony loop that guarantees taxpayer cash to fund corruption. Stephen Green, Bill Whittle and Scott Ott host five new episodes of Right Angle each week thanks to our Members. Their devotion to liberty, equal justice under law, and free speech makes them the kind of people you should get to know. Join them today at https://BillWhittle.com

Biden Lied – Emails Show Burisma Executives Leveraging Hunter Biden Membership as Pressure on U.S. State Dept. For Assistance in Removing Ukraine Corruption Probe…


Well, well, well…. everything Joe Biden and the Obama administration previously denied taking place is now documented as having taken place.  Newly discovered emails between Ukrainian energy company Burisma and State Dept. officials show the company was leveraging Biden’s affiliation with the company to get U.S. govt assistance.

As a result of a FOIA lawsuit journalist John Solomon has received emails between the Burisma energy company and U.S. State Department; where Burisma seeking U.S. government assistance to get the Ukraine prosecutor to drop a corruption probe against the energy co., and leveraging Hunter Biden’s board membership toward their efforts.

This is the evidence the media said didn’t exist:

(Source pdf Link)

The eventual outcome was Vice-President Joe Biden threatening to withhold $1 billion in U.S. financial aid to Ukraine if the Ukrainian government did not fire the prosecutor and drop their investigation of Burisma.  Ukraine fired the prosecutor and dropped the investigation.   [Full Solomon Article Here]

Marie Harf unavailable for comment….

Advertisements

Thank you for All The Birthday Wishes


I want to thank everyone for the birthday greetings and wishes. The fact that the Supreme Court has accepted my petition and ordered the government to respond on the eve of my birthday, was the greatest gift I could ever ask for. This should help a lot of people who are being robbed of all constitutional rights by the SEC and CFTC. They really have to eliminate immunity for government lawyers. Until that takes place, they will continue to abuse the law and use it as a political weapon against anyone who resists their tyranny.

Julian Assange will NEVER receive a fair trial. This is the problem when the law can be used as a political weapon just as Congress is doing to Trump right now – except they are making law as they go, which will no doubt also end up in the Supreme Court.

Supreme Court has Accepted My Petition Against the Government


At the World Economic Conference, I announced that I had petitioned the Supreme Court after discovering in 2017 that despite the fact that the old company Princeton Economics International Ltd (PEI) had been closed back in 2009, the receivership was covertly continuing without my knowledge taking fees no less. How can a judge approve fees for 20 years when the bank pled guilty and repaid everyone back in 2002?

The Receiver, Alan Cohen, had been running PEI from inside Goldman Sachs. My objections that this was a conflict of interest were always ignored. Only because Cohen left  Goldman Sachs and became one of the top people in the SEC to ensure various legislation, he could no longer pretend to be the “impartial receiver”.

The SEC had even filed a letter when the Receiver sought to stop the domestic company from publishing research and to fire all the staff. They pointed out that receivers were not allowed to liquidate companies but they pointed out that the company was not bankrupt and there was plenty of money. They have bled those assets dry for 20 years.

This merely illustrates the problem with New York. When I asked a New York Lawyer why no banks are ever charged in New York even when they blow up the entire world economy, he merely smiled and laughed. His response: “You don’t shit where you eat!” The problem with that is the image of the United States has been tarnished greatly. How can you deal with any bank in New York City if there is no rule of law because the courts protect the bankers?

 

Suddenly, I received a notice that the receivership was to be shut down in 2017. To my complete shock, all my original research and library, which was supposed to have been returned to me, was still in storage. The government REFUSED to return my material despite a prior court order that stated even the SEC was supposed to assist me to get all my personal material back. They just REFUSED to comply.

The Supreme Court has made several rulings bluntly ruling that what was done to me was illegal when carried out by a single court. In my case, they actually used a parallel court to invade the other and strip my lawyers to prevent any sort of a trial. They have been milking the excess funds in the receivership for 20 years. To hide the profits on currency, instead of compelling the bank to return the money they illegally had taken, the receiver sold the notes to HSBC who then redeemed them having to pay only $606 million due to the change in the Japanese yen pocketing nearly $400 million in profits as part of HSBC’s Criminal Restitution. Only when HSBC had to pay the criminal restitution did the government correctly inform the court the transactions were in yen and not dollars as they had told the press in my case. They always count on the press just repeating whatever they say and the press NEVER investigates or ever questions what the government prosecutors ever do. That is why they abuse the law for political gain because the press looks the other way and does not do its job.

As the petition outlines, virtually every other circuit outside of New York has honored the Supreme Court’s prior rulings and outlawed what was done to me plain and simple. New York has refused to recognize any rights that are honored in every other court in the country.

Cert Petition: 2019-09-20 Armstrong cert petition (as-filed)

The Supreme Court has ORDERED the government to respond by December 2nd. This is the first step to be granted Cert. The Government has been ordered to respond to which they will no doubt request an extension. The last time I was in the Supreme Court, after ordering the government to respond, they suddenly released me from contempt and told the Supreme Court the case was then moot. This is EXTREMELY RARE to get into the Supreme Court even once, no less twice. I know of only one other time where the same case got to the Supreme Court twice and that was back in the 1950s.

If the Supreme Court grants cert this time, we are looking at a major case that will most likely vacate the rulings and hold that since it is illegal for a single court to strip you of your lawyers, then it will be illegal to use a parallel court to invade another court and do what it itself cannot do.

 

With respect to being held in contempt for $1.3 million for English and Scottish coins, I could not find, even that has come up with a new twist. The Judge held me in contempt saying he did not believe me claiming he thought I knew where they were. I had clients willing to put up the $1.3 million in cash for bail and he denied bail. To be held for $1.3 million on a billion-dollar case was .0013%. That was absurd, but they had to prevent a trial. There was no way they would allow a trial after the bank had taken the money. I had no restitution and the bank simply repaid the money. The contempt statute for civil contempt is 18 months. Judge Richard Owen kept rolling the contempt every 18 months and kept me there for nearly 7 years without any trial. Despite all of these facts, nobody in the mainstream press would ever report the truth and always supported the government no matter how outrageous they acted.

To be held in contempt, you are supposed to be given an order which specifically states what it is you are to produce to regain your liberty. I stood up in court and asked where is this order. The receiver Alan Cohen admitted he never produced one and said he would take photos of what he found and I could make the list of what was missing from prison. Naturally, he never even provided any photos either.

The coins I could never produce turned out up when a dealer in Philadelphia had bought the missing coins for $6,000 in cash. They tried to sell them through an auction house in Texas. Perhaps they had no idea that the receivership was still going for 20 years. This is the same firm that had been involved in trying to sell the stolen 1933 $20 gold coins from the US Mint in Philadelphia, which the Court of Appeals ruled that they were the property of the US government all along.

Phase II will be the Supreme Court should grant Cert after the government responds and they will probably hear the case in the Spring of 2020.