A study by Truth in Accounting (TIA) revealed that 70% of America’s largest cities fell into a deficit in fiscal year 2022. Out of the 75 cities studied, 53 simply did not have the funds to pay their bills. The study found that the total debt among the 75 cities had reached $288 billion, and despite the $307.4 billion of assets shared among them, the cities held $595.3 billion in unfunded pension plans.
US law requires cities to maintain a balanced budget, yet no one is holding the representative accountable. Mind you, this data was collected BEFORE the migrant crisis toppled city budgets. Cities have been overreporting their revenue and incorporating borrowed funds into their total revenue calculations. These cities push off bills until the beginning of the next fiscal year to alter calculations.
Pensions and health care were the major issues burdening American cities long before Washington required taxpayers to bankroll the 7+ million new illegal residents. As the report notes: “The most common accounting trick cities use to understate government costs is not including true compensation costs. Cities provide employees with salaries and employee benefits, such as healthcare, life insurance, and pensions. While pension and other post-employment costs, such as health care, will not be paid until the employees retire, they still represent current compensation costs earned and incurred throughout their tenure.”
I have been warned for many years that the government pension plans operate like a Ponzi scheme and have been waiting to implode. Government employees have the defined-benefit (DB) while we get the defined-contribution (DC) plans. Most state and local government employees, actually 87% of those working full time, participate in a defined benefit (DB) pension plan. They contribute NOTHING but are guaranteed a pension on top of what they earned, plus free healthcare for life. Under these promises, these employees have never been required to save for the future and will demand that the public be taxed on anything and everything to keep to this Ponzi scheme on life support.
UNDER NO CIRCUMSTANCE should you allow your pension fund to be managed by any government-related entity. They cannot pay government employees so they have sought to suck in everybody else to cover up their losses. Before 2032, there will be more people on retirement from government than actual employed workers. The government must continue to raise our taxes because they are incapable of creating reform.
The reason I highlight the migrant crisis is that we are now shelling out billions of dollars every month to support a new influx of people who have also never contributed to the system. They are providing them with “free” shelter, food, debit cards, and more. Then, they decided to prevent these very people from obtaining working permits to ensure the select few with good intentions cannot ween off government/taxpayers.
Look at history to see how this situation plays out—warning: the pension crisis will not end nicely. When the government could no longer afford to pay the army, it began sacking Roman cities that opposed their general. They turned inward and cannibalized their own cities, weakening the entire empire, thereby allowing the barbarians to come through the gates. We have followed the very same mistakes as Rome. This is just how empires always end. We are no different.
Posted originally on Feb 22, 2024 By Martin Armstrong
COMMENT: Hi Martin.
Thanks for the “astute lawyer” compliment. That was very nice, and coming from you, it is very meaningful to me.
The Epoch Times headline in your “NYC Out of Control” post calls the dollar part of the verdict against the Trumps a “penalty.” It has also been called a “fine,” but I haven’t yet seen it called “damages” in a headline. I think Hochul, Engoron, and James know that the amount was based on a damage assessment and calculation that may not hold up. New York Executive Law § 63(12) clearly reads that the attorney general “may apply…for an order…directing restitution and damages…”. [Emphasis mine.]
New York proved math calculations, not actual damages, where the damaged party had to be made whole. Had the statute recited a list of fines, they’d probably be in a more sound position, but their position now is what I would call “too dicey for comfort.” I would seize nothing in this situation because there are too many cases of improper seizures to worry about. The verdicts against those who seize property in error or improperly or hastily in a flawed or tainted case are many times larger than the amount of the money judgment used to seize and sell the property of the defendant.
Furthermore, if New York has someone running the Trump businesses, and should he or she destroy or damage the businesses, the state could be liable for many, many times the amount of the verdict/judgment against the Trump family. Trump could wind up seizing the state capitol, the governor’s residence, etc., plus having his property returned to him. I’ve seen this happen. Once, the State of Louisiana overreached, and once, the U.S. government was a litigant against a billionaire oil man, banker, and friend who could not get the IRS to return his multi-million dollar overpayment of taxes. He finally had enough, and he seized the Hale Boggs Federal Court Building. He got his money a day later.
Perhaps by dancing around exactly what legal principle the amount of the money verdict/judgment is based on (i.e., damages, fines, penalties [i.e., a payment imposed as punishment], whatever), the Hochul, Engoron, James enterprise has walked into a trap. The Eighth Amendment prohibits excessive fines. If they maintain the amount is absolutely based on the principle of damages, how can they show a diminution of the state being “whole” (or “wholeness” if you will) owing to Trump’s actions with third parties. If they maintain the amount of the verdict/judgment is based on a properly enacted and published fine or penalty, then they must face the Eighth Amendment.
In my opinion, Hochul, Engoron, and James are whistling past the graveyard. They have put their careers on the line, and the dice are tumbling.
Best regards, and thanks again.
EGM
REPLY: This is so political it smells, and just because this Judge, who is not qualified to judge a turtle race, simply decrees, they think they are God, and everyone must bow down to them and kiss their ring. It is so rare to find a decent judge in New York. Judge Lawrence McKenna saw what they were doing and tried to protect me. The government went to the Chief Judge to remove him and then sealed the record.
The DA belongs in prison with the governor and this disgusting judge. This DA is bragging that she will now seize Trump Tower. When the computer projected that the 2024 election would be intermixed with serious civil unrest and that neither side would ever accept the outcome, as we draw closer and closer to this date with destiny, it is looking very, very dark indeed.
The computer is projecting a panic cycle in September, rising volatility in October, and October will be a critical turning point heading into the 2024 election. We should no longer have the motto – Gold Bless America – it should be changed to – God Save America. These LEFTIST are destroying the very foundation of law; without that, civilization can no longer exist. That is the testimony of history – not my opinion.
NEW YORK IS DOOMED
Bond investors have piled into New York City’s tax-exempt bonds, lured by their relatively high yields. However, with a $7 billion budget deficit spiraling costs of sheltering asylum seekers and other migrants that have sought refuge in New York on top of this collapse in the rule of law, NYC is a sell – not a buy. Wall Street profits are declining, and with them, there are looming job cuts at major investment banks. Many are migrating to Florida, which puts pressure on city tax revenue. New York’s fiscal outlook is a disaster. That suggests the city’s general obligation bonds aren’t particularly attractive at current valuations – they are a sell.
Posted originally on Feb 22, 2024 By Martin Armstrong
Statistics Canada reported that inflation slowed in January to 2.9%, beating expectations of 3.3%. So why are Canadians still struggling to afford basic necessities like rent and food?
Mortgage interest costs remain the top noted driver of inflation after rising 27.4% YoY, while rentals increased 7.9% during the same period. Bank of Canada governor Tiff Macklem explained that the central bank cannot fix the housing crisis through cuts. “Housing affordability is a significant problem in Canada but not one that can be fixed by raising or lowering interest rates,” he noted at the beginning of February. The Bank of Canada has voted to raise interest rates 10 times since March 2022, with little to no impact on inflation.
The central bank cannot manage supply and demand. Rentals.ca noted that rentals have been rising by C$373 per month since COVID restrictions and lockdowns decimated the global economy. Demand far outweighs supply, and Canada Mortgage and Housing Corp. noted that vacancies are at their lowest level since they began reviewing the data in 1988.
Trudeau’s government only cares about the rising debt-to-GDP ratio, and analysts cling to their failed theories of Keynesian economics. What percentage of interest costs are in that deficit, and what happens when they can no longer sell the debt? These are questions entirely overlooked.
The Canadian dollar is simply worth less than it was before the COVID lockdowns, and the Canadian dollar’s decline is contributing to the rising cost of imports.
The Bank of Canada has the same issue with its central bank as many other nations – the government will not stop spending. Total government spending for the 2023 fiscal year through the end of March 2024 is estimated to be C$488.7 billion.
Yet, the Trudeau Administration announced this week that they will be spending another C$300+ million on ammunition for Ukraine as Canada, like all other NATO nations, has been prioritizing spending on foreign wars while ignoring its growing deficit.
Canada’s deficit is expected to hit C$38.4 billion in 2024/25 and C$38.3 billion in 2025/26. Who is the largest buyer of Canadian debt? Foreign investors from the United States who purchased around $13.1 billion of Canadian debt securities. Canada saw a high in foreign share acquisitions in December 2023 to the tune of C$29.4 billion, with non-US foreign share investment reaching C$6.3 billion.
Investors are mainly seeking instruments denominated in USD that are issued by Canadian banks. Now, Canada must make investment opportunities more lucrative for the US buyer compared to domestic investments. Hence, the BoC is moving in line with the Federal Reserve, but both are utterly helpless as they cannot control fiscal policies.
Posted originally on Feb 21, 2024 By Martin Armstrong |
BlackRock CEO & World Economic Forum Trustee Board Member
Larry Fink Turns Bullish on Bitcoin
Larry Fink has changed his tune on crypto, saying suddenly it could “revolutionize finance,” endorsing an industry he once viewed with skepticism. Of course, as a board member of Scwab’s WEF, the crypto zealots cheered. Still, they think that Bitcoin can replace the dollar and end inflation, which they think is the result of paper money. That only reveals their own ignorance of what money is and the role it has played since the dawn of civilization.
Worse still, they are telling people Bitcoin is going to be $60,000+ and fail to comprehend that even assuming that the dollar was replaced with Bitcoin, a rally then in the currency would subject the country to a Depression as took place during the 1930s.
What made the depression so great was that private assets collapsed, and there was a flight to quality being cash. If Bitcoin replaced the dollar, the country would collapse, the debt would be unpayable or serviced, and private assets would decline, including gold. Democrats would no longer be able to run for office, for they could not promise gifts if you vote for them in the spirit of Marx. This is far more complicated than simply replacing the dollar. Even the people constantly calling for the collapse in the dollar do not comprehend that you are really talking about the collapse of the entire government, its debt, and the political system that would most likely fuel the divorce between the Blue & Red States. It was the dramatic rise in the dollar that compelled FDR to confiscate gold and devalue the dollar. It was the high price of the dollar that resulted in protectionism because the politicians did not understand the currency.
They seem oblivious to the fact that the coming Central Bank Digital Currency in the USA would be unconstitutional, and the Federal Reserve will NOT issue one. Instead, the top banks are all moving to create their own and pitch for their version that will be programmable and traceable. The rumor is Fink would love to take over Bitcoin. WHY? Because all the tracing and reporting will be done by the private sector and under CURRENT law, banks MUST report suspicious behavior. So it is the COVID Model where the private sector did the censoring of free speech that the First Amendment ONLY restricts the government – not Facebook, YouTube, et al.
The Bitcoin zealots seem to overlook that the very nature of an ETF is at odds with the original ideals of Bitcoin. ETFs are an investment vehicle that’s categorically different from the original ideals of digital assets and will push the industry in the precise wrong direction into the ultimate way the government can trace everything you do and make sure they tax everything.
Posted originally on Feb 21, 2024 By Martin Armstrong
A recent measure from the Biden Administration touted as a solution to lower prescription drug costs has a more sinister motive. The Bayh–Dole Act or Patent and Trademark Law Amendments Act of 1980 permitted researchers to own the patents of their products developed through government funds. The legislation permitted “march-in” rights that enabled these agencies to grant a license on their patents to third parties. For the first time in four decades, the federal government wants to invoke this measure as they are losing both money and power amid this private wave.
Codified by 35 U.S.C. S 203, the march-in rights permit the federal government to require contractors to hand over “nonexclusive, partially exclusive, or exclusive license” to a “responsible applicant or applicants.” Around 5% of patents were licensed out before the Bayh-Dole Act compared to around 69% today. On the surface, one may view this as an effective way to push back against prescription price gouging but this is an outright attack on private enterprise.
This measure is not limited to prescription medications as it expands to ever patent created through government funds, meaning every single industry could be usurped by Washington. Had the government actually wanted to lower prescription prices, there are countless measures and legislations that they could pass to do so. Instead, they are directly targeting private enterprises, no different from any communist nation.
Seizing private property has never benefitted the people of any nation. It has been attempted and tried countless times and always results in disaster. The Founding Fathers deliberately forbid this from happening in the Fifth Amendment of the US Constitution.
Amendment V
No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a grand jury, except in cases arising in the land or naval forces, or in the militia, when in actual service in time of war or public danger; nor shall any person be subject for the same offense to be twice put in jeopardy of life or limb; nor shall be compelled in any criminal case to be a witness against himself, nor be deprived of life, liberty, or property, without due process of law; nor shall private property be taken for public use, without just compensation.
Most know the right to remain silent provided by the Fifth Amendment. There is a “takings clause” clearly written in the Constitution that forbids the government from seizing private property.
The US Supreme Court misconstrued this clause in KOHL v. US , 91 U.S. 367 (1875). The government decided to seize private property from landowners in Cincinnati to create public infrastructure. This case is largely cited as the beginning of eminent domain discussions and the US Supreme Court ruled in favor of the Federal government, so long as they provided “just compensation.” The court ruled that the government may asses the value and pay whatever they wish.
The power provided by the pandemic tipped the scales in favor of the government over the people. Implementing socialism would be the fast-track way to achieve the World Economic Forum’s objective—YOU WILL OWN NOTHING AND BE HAPPY. Dimon suggested using the excuse of climate change to usher in the Great Reset. “The need to provide energy affordably and reliably for today, as well as make the necessary investments to decarbonize for tomorrow, underscores the inextricable links between economic growth, energy security and climate change. We need to do more, and we need to do so immediately,” Dimon added in his message to shareholders.
Then, the US government began quietly seizing farmland, particularly in South Dakota. Summit Carbon Solutions invoked eminent domain to seize private property to build a clean energy solution pipeline. Farmers reported receiving unannounced visits from surveyors who, at times, entered their personal residences without notice. The farmers were threatened and warned not to interfere in the plans to destroy their businesses. Over 80 farmers attempted to sue the company, but many were placed in contempt of court for speaking out. The US government ruled that it was legal and acceptable for Summit Carbon Solutions to seize property in the name of climate change.
History repeats as human nature NEVER changes. Look back at the Roman emperor Maximinus I (235-238 AD) who effectively declared all wealth in the country belonged to the state. He paid bribes to anyone who turned in their neighbor for hiding wealth. Once Maximinus wiped out small businesses in this manner, it led to a collapse in confidence in the economy. Commerce rapidly declined from there on out commerce and businesses did not restart. There was no Great Reset. In that instance, one Pi Cycle marked the bottom of the Roman economy from 237 AD to 268 AD (31 years).
The US government will seize more than just land in this most recent abuse of power. Our liberty is on the line and the government is seizing our rights at a rapid pace. We are entering a period of COMPLETE TOTALITARIANISM as we move toward 2032. Governments are losing control in this private wave, and the old methods of controlling the masses are not working; they are laying out the groundwork to take the utmost extreme measures to force the people to become entirely subservient to the system.
The attached report on Global Weather for January 2024 Data has charts showing the relationship we tween CO2 growth and Temperature increases going up since we started to accurately measure CO2 in the atmosphere in 1958. These Charts were created by showing CO2 as a percent increase from when it was first measured in 1958, the Black plot, the scale is on the left and it shows CO2 going up by about ~34.0% from 1958 to January 2024. That is a very large change as anyone would have to agree.
Now how about temperature, well when we look at the percentage change in temperature also from 1958, using Kelvin (which does measure the actual change in heat), we find that the changes in global temperature (heat) is about ~.3% and may reach .5% by 2028. To even be able to see this minuscule change we had to reduce the scale of the CO2 axis by a factor of ten.
This Chart 8 uses unaltered values from NOAA and NASA properly displayed ,and the Blue and Yellow projections are created by Microsoft Excel not me.
The NOAA and NASA numbers tell us the story of the Changes in the planets Atmosphere As Carbon Dioxide goes up geometrically.
The attached 40 page report explains how this chart was developed .
Posted originally on Feb 20, 2024 By Martin Armstrong
A new trend is circulating on the internet, where parents in the US film their teenagers’ reactions to filing taxes for the first time. The US education system does not require schools to educate students on taxes, despite it being fundamental knowledge for sound financial health.
In 2022, teens with both earned and unearned income were required by law to file a tax return if their combined gross income was greater than $1,150, or more than their earned income (up to $12,550) plus $400. Additionally, if a teen earned $12,950 or more at their part-time job in 2022, they would need to file taxes in 2023. The standard deduction for 2022 was $12,950, so as long as a teen didn’t earn more than that amount, they wouldn’t have to file taxes. Basically, anyone who worked a part-time job was forced to give a portion to Uncle Sam.
Those advocating extreme spikes in the minimum wagedo not realize that teenagers will be unable to pay. Moreover, employers will not be able to hire teens and young adults as they know they are there temporarily. These kids do not understand the system, and from a broader perspective, we need a future workforce with hands-on knowledge. Why is the government taxing teenagers who are too young to vote for representation? Why is the Biden Administration hell-bent on forgiving student loans when we are forcing teens to pay on the little that they earn? Everyone wants to talk about “equality,” but few realize that some cannot obtain higher education without a job. Not all parents are willing or able to support their children when they reach 18.
As a result, the youth is not joining the workforce. The Bureau of Labor Statistics (BLS) projects a further decline in the teen labor force participation rate, from 34.0% in 2014 to 26.4% in 2024, citing increased school enrollment as a contributing factor. They are encouraged by the system to focus on school and take out larger loans to pay for their expenses. They do not realize that most will be unable to find work in their field of study, nor are they educated about compounding interest on loans.
In 2023, the number of employed 16- to 19-year-olds in the US was approximately 6 million, which is expected to decline. Fewer teens are working and gaining crucial hands-on experience in the workforce. We are producing a future generation of academics who simply do not know how to work.
Posted originally on Feb 20, 2024 By Martin Armstrong
Treasury Secretary Janet Yellen is proof that the establishment is completely clueless when it comes to the lives of the average citizen. “People are better off than they were pre-pandemic,” Yellen touted on national news last week. Perhaps she meant to say “politicians” rather than people, and no, one cannot point at rising US indexes and claim that is sufficient evidence that the overall economy is sound.
Yellen is akin to the Karine Jean-Pierre of America’s financial system insofar as her job is to openly lie to the public and convince them that their reality is not as it seems. She holds a high role in Biden’s cabinet and is responsible for overseeing America’s banks, tax enforcement, printing money, and the national debt. She is the bridge between the federal government and the Federal Reserve, acting as Biden’s top advisor. We know Biden is not mentally competent, and it appears his CFO has continually misled both Washington and the American public.
So, what the hell is wrong with Janet Yellen? Her loyalty lies with the World Economic Forum and globalist elite. These are the people making decisions that DELIBERATELY wound their own nation’s economic soundness on behalf of a select few behind the curtain. Yellen admitted that the true reason behind the massive spending on the Inflation Reduction Act was to propel the climate change agenda. “The Inflation Reduction Act is, at its core, about turning the climate crisis into an economic opportunity,” the Treasury Secretary admitted months ago. That was one of the largest spending acts in the history of our nation and pales in comparison to the money being spent on foreign wars. All of this spending is intended to meet the same goal of the Great Reset.
Hence, the woman in charge of overseeing national spending is ignoring the debt crisis waiting to implode. WhenUS debt was downgraded, she called it arbitrary and simply disagreed with the data. The government has no plans to curtail spending. Instead, they are taking measures that contribute to rising inflation, therefore reducing the quality of life for the average citizen. Yellen’s recent statement proves that Washington is not concerned about the people, and this inflationary trend will continue.
COMMENT #2: Tucker is supporting a criminal, and you should not publish anything this guy says.
anonymous
REPLY: I really feel sorry for these people, for they have been brainwashed by the standard psychological warfare tactic they use all the time on everyone. Jamie Dimon came out and warned the Democrats that they are attacking ALL of Trump’s supporters and are attributing to everyone the personality traits of Trump. This is how they get people to hate others; it is the standard tactic always deployed in the war. They demonized Sadam Hussain to justify invading Iraq. They did that with Qadaffi and tried to demonize Assad in Syria by just invading that country, all for a covert pipeline. Russia could do that to ALL Americans and attribute to us the traits of the Democrats and Joe Biden – the hand puppet of the Neocons.
The Western Press has already decided, as CNN reported, that Putin killed the jailed “Russian opposition figure and outspoken Kremlin critic Alexey Navalny, who made global headlines when he was poisoned with a nerve agent in 2020, has died aged 47, the Russian prison service said.” Navalny is now the excuse many use to launch World War III. I am hearing from Europe as well as America. Once again, the truth is nowhere to be found.
What the Western press omits is that Navalny was also an OPEN SOCIETY. While the corruption in Russia took place on a grand scale before Navalny graduated from school in 2001, he did buy into the propaganda against Putin launched by Berezovsky and crew when their attempt to blackmail Yeltsin collapsed in 1998 and has been propagated ever since. I laid out the truth behind all the assassinations that people attributed to Putin when, in fact, the benefactor was Berezovsky, who even called me when I refused to invest $10 billion into their scheme to take over Russia.
Because of the 1998 Russian Financial Crisis in the midst of the Russian Bond Crisis August/September 1998, Yeltsin had to shift the leadership. He tried to reinstate Viktor Chernomyrdin (1938–2010) as Prime Minister, but the Duma rejected his appointment on September 7th, 1998. There was a rising sentiment to return to Communism, for capitalism had obviously failed. A very serious crisis was unfolding, and Yeltsin was forced to nominate Yevgeny Primakov (1929–2015), who was a right-wing conservative and anti-oligarchy communist at heart who was appointed Prime Minister September 10th, 1998. Primakov was moved from the Minister of Foreign Affairs to Prime Minister in the wake of Russia’s default in August 1998.
Within a matter of weeks of Primakov coming to power, on November 20th, 1998, Galina Starovoitova (1946-1998) was preparing for the State Duma elections that were to be held the next year in December 1999. Galina tried to prevent the old communists from coming to power and was against the oligarchs. Galina opposed the direction of Russia moving from a communist to an oligarchy state and made this part of her political platform in “Democratic Russia.”
I believe Galina knew the nature and covert scheme of Primakov and the shifting sentiment to return to the USSR. I believe that, in fact, Galina’s assassination was to remove the head of the Democratic movement in the Duma that would have been the major obstacle to the rise of power of Primakov and the restoration of Communism under his vision of the USSR. Galina was gunned down in the entryway of her apartment building in St. Petersburg on November 20th, 1998. At first, the spin was she was really a puppet of a “Western financier,” who was supposed to be mesimply because her son worked in my London office. She had checked my references with Margaret Thatcher before consenting to her son working in my firm. I had far more insight into Russia than most assumed.
The press refuses to reveal that they have been spreading the Berezovsky propaganda. It was on July 25th, 1998, when Yeltsin appointed Vladimir Putin (born in 1952) as director of the Federal Security Service (FSB), the primary intelligence agency of the Russian Federation. I believe this was done because of Galina Starovoitova’s (1946-1998) criticism of the FSB and to prevent another FSB coup, as they had pulled off against Gorbachev. Putin had worked for the KGB from 1975 until August 20th, 1991. He left because the head of the KGB, Vladimir A. Kryuchkov (1924–2007), was behind the major coup of 1991, arresting Mikhail Gorbachev and trying to return Russia to the USSR, which Putin opposed. Putin resigned in 1991 and entered civil service to support an old friend who was moving to be mayor of St Petersburg. However, more significantly, on October 1st, 1998, Vladimir Putin became a permanent member of the Security Council of the Russian Federation. This is why Yeltsin turned to Putin BECAUSE he knew he was against the communists and did NOT want to return Russia to the days of the USSR.
Geoff Kitney, writing for the Herald in Berlin, characterized Galina’s death “a turning point in Russia’s fight to establish a post-Communist society.” Indeed, Galina’s death was a significant turning point. It was clearly the attempt of the old guard and their reminiscent dream of Communist power they saw slipping away. It was very clear, that her death was an ordered assassination by the hardline. The fact that the spin claimed Galina was a puppet of a Western Financier, meaning me, was indicative of a communist who was Primakov, who was also the enemy of Berezovsky and his Seven Oligarchs attempting to take over Russia.
Navalny was against corruption that was created by the oligarchs – not Putin. His nemesis was Borris Berszovsky and his Seven Oligarchs, who were trying to seize control of Russia and were behind blackmailing Yeltsin with the whole Bank of New York scandal. If you look at all the assassinations I documented in the Plot to Seize Russia, it was part of the plan for Berezovsky to blame Putin in his attempt to seize control of Russia – backed by the American Neocons. Eventually, Berezovsky’s bodyguard said MI6 killed him after he wrote his begging letter to Putin apologizing and asking him to please allow him to return to Russia. When Edmond Safra was assassinated on December 3rd, 2999, that is when they created the contempt to prevent any trial in my case because they then realized this would create a political nightmare.
Boris Nemtsov (1959-2015) was involved with Hermitage Capital Management, the company I was being solicited to inject $10 billion. Nemtsov was named in a 1999 RICO suit Avisma Titano Magnes v. Dart Management. That lawsuit alleged that Bank Menatep, owned by Mikhail Khodorkovsky, one of Berezovsky’s Seven oligarchs, had a controlling interest in titanium producer Avisma. They forced Avisma to sell its titanium below market price to offshore companies that they secretly controlled. They then sold the titanium at market prices, funneling the profits back to the defendants and Bank Menatep.
Bill Browder of Hermitage Capital Management said that Nemtsov was his “indispensable ally” in pushing his Magnitsky Act, which indeed in itself created countless enemies by targeting private individuals in some revenge scheme. Plenty of people have criticized Putin, who has not been assassinated. In the Plot to Seize Russia, I went through all the assassinations, and they pointed to Berezovsky, whom I was warned not to get involved with. When I refused to invest $10 billion into Hermitage Capital Management, Berezovsky called me to try to pursue me to join the scheme where they would have all the riches of Russia from gold, platinum, diamonds, and oil flowing through their hands.
Three weeks before Nemtsov’s assassination, on February 10th, 2015, he wrote on Russia’s Sobesednik news website that his 87-year-old mother was not afraid Putin would kill him. Interestingly, she was scared because the former oligarch Mikhail Khodorkovsky (born in 1963) was granted a pardon by Putin in 2013 and given a passport; hence, he fled to London. There was no explanation as to why he should fear Khodorkovsky.
However, the BBC interviewed Nemtsov on February 10th, 2015, 17 days before his death. He again repeated what he said in the Sobesednik newspaper. When asked if he himself feared for his life, he answered: “Yes, not as strongly as my mother, but still …” Following that interview, on February 25th, 2015, the Sobesednik posted an extended version of the original interview. There, Nemtsov added: “I am just joking. If I were afraid of Putin, I wouldn’t be in this line of work.” This does not support the West’s propaganda that Putin kills everyone.
In addition, Nemtsov’s mother was also afraid of the anti-corruption activist Alexei Navalny (1976-2024), who was the same activist who uncovered Voronenkov’s corruption. Did his mother understand more than what she was saying? Why was she afraid of one person who was part of the Yeltsin entourage and the other claiming to be against corruption?
Of course, on March 12th, 2019, the U.S. House of Representatives passed a Resolution, and the Senate passed it on June 10th, 2019. The Resolutions were non-binding but were intended to hold Russian President Vladimir Putin accountable for his country’s actions, including a measure condemning the Russian leader and his government for their alleged roles in covering up the 2015 assassination of Putin’s political opponent, Boris Nemtsov. Anyone who ever criticized Putin has been alleged to have been assassinated even though they were of no serious consequence.
Alexei Navalny was after the corruption – but that was the Oligarchs, and Berezovsky had a long list of assassinations, even how he managed to get a hold of stock to build his empire. But the truth does not matter. They have attributed so many assassinations to Putin to cover up the connections of the West with Berezovsky and the Seven Oligarchs. Perhaps one day, the press will tell the truth instead of egging us on into World War III by attributing all Russians to the fake personality propaganda against Putin that was manufactured by Berezovsky and his Seven Oligarchs trying to strip mine Russia for untold wealth. I had a front-row seat to this saga.
Like the Weapons of Mass Destruction that never existed in Iraq, wars are routinely created on lies.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 