West Virginia & the Separatist Movement


There is a new separatist movement forming in Virginia over the proposed gun laws. This new separatist movement taking place is in a state that already separated into two back in 1863 which some question whether it was lawfully carried out back then.

US Constitution: Article IV: Section 3
New States may be admitted by the Congress into this Union; but no new State shall be formed or erected within the Jurisdiction of any other State; nor any State be formed by the Junction of two or more States, or Parts of States, without the Consent of the Legislatures of the States concerned as well as of the Congress.

The interesting question was that since Virginia moved and joined the Confederate States, was their consent still required if they did not regard themselves to still be a state of the union? Hence, West Virginia was formed during the American Civil War (1861–1865) and is actually the only state to form by seceding from a Confederate state. The western part of the state of Virginia (1776–1863), was deeply against the views of the rest of Virginia over slavery. The population of West Virginia moved to separate from Virginia and was formalized by admittance to the Union as a new state in 1863.

Today, we have yet another rising separatist movement within Virginia as a result of House Resolution 8 which was introduced on January 14, 2020. This provides for an election to be had, pending approval of the General Assembly of the Commonwealth of Virginia, and a majority of qualified citizens voting upon the proposition prior to August 1, 2020, for the admission of certain counties and independent cities of the Commonwealth of Virginia to be admitted to the State of West Virginia as constituent counties, under the provisions of Article VI, Section 11 of the Constitution of West Virginia. The Legislature of West Virginia separated over the differences which had grown between the counties of Western Virginia and the government at Richmond, of the Commonwealth of Virginia. They concluded that they were irretrievably divided and therefore they formed a new State of West Virginia.

The Trans-Allegheny portions of Virginia perceived that they suffered under an inequitable measure of taxation by which they bore a disproportionate share of the tax burden in the state which is often a common complaint under socialism. They have argued that the Trans-Allegheny region has been denied its equitable share of representation in the government prejudiced by a large number of people demanding benefits from Richmond.

The realization that when the majority demands benefits from those who produce, much like Rand’s Atlas Shrugged, then the majority can impose tyranny upon the minority and thus government no longer becomes the unbiased arbitrator within society. The neglect for the interests of many of the remaining counties of the Commonwealth of Virginia is at the heart of this rising separatist movement.

More recently, the government at Richmond has adopted the restraint upon the rights guaranteed under the Second Amendment of the United States Constitution to the citizens of that Commonwealth. In the months since Democrats took control of Virginia’s government for the first time in over two decades, over 100 localities across Virginia have passed resolutions declaring themselves “Second Amendment Sanctuaries,” stating that they’re opposed to any bills which would restrict Second Amendment rights.

There is rising tension in Virginia ever since the Democrats took control of the State

Stop Shaming People! TikTok’s Nurse Holly Slammed for Abstinence Advice


151K subscribers

Nurse Holly, who has 1.7 million followers on the social media app, TikTok, said the best way to avoid sexually-transmitted disease (STD) is to wait for marriage to have sex. The backlash (e.g. “Stop shaming people and be a decent human!”) caused her to yank the video, and issue an apology. Did Nurse Holly jeopardize the health of impressionable young girls with her abstinence advice? Join Bill Whittle and Scott Ott on a 3-night Caribbean cruise with Members, friends and fans. You’ll participate in live productions of our shows, Q&A sessions, and lots of casual conversation and laughter with our hosts and your fellow conservatives. Learn more and book your cabin now at http://bit.ly/StratoCruise2020

The Megan Show!


TIME TO WALK THE DOG! 

Meghan Markle and Prince Harry have been in the news cycle for a couple days. There’s nothing that the Fake News media loves more (besides impeachment) than a good Royal Family Feud with or without Richard Dawson.

Seems Megham has big plans for her Royal pet which includes moving to Canada.

The Queen was displeased with the antics and watching her grandson become more and more emasculated by the day at the hands of MM.  Her majesty kept a stiff upper lip and wished them well as the couple decided to ditch the public funded Royal life for a more “independent” existence, stepping down as “Senior Royals”.

There’s more to this than a young couple wanting a different life…  reportedly MM and Woof Woof are staying at the home of a billionaire friend of Bill Clinton. Meghan is being groomed and advised by the Obamas. MM has dollar signs in her eyes and snakes in her heart. Harry is just clueless and is being lead around by the nose by his wife.

The Queen knows what’s going on. She is a survivor and will carry on through this princess’s tantrum.

Harry however has made a fool of himself and his manhood.

Good Boy! Now roll over!  

FROM BOY TO SOY IN 6 PICTURES! 

Signed Prints Available! Order Yours

Tina

US Banks v Foreign Branches of US Banks


QUESTION: Marty, finally we decided to open a bank account in the USA which is not part of the CRS. But now we do not know which US-bank is safe enough and where to go! You mentioned that Goldmann Sachs, Citigroup, Morgan Stanley, Bank of America and JP Morgan Chase have derivative exposure linked back to Deutsche Bank. So those banks are not safe enough. The can fail in a contagion. You said also that Wells Fargo has the least derivative exposure.

In another article you said that the BANK of NEW YORK would be good as a custodian. Would the Bank of New York be safe enough in a contagion? The Bank of New York has a branch in Frankfurt. Could we open an USD-account in Frankfurt and still be outside the CRS? Or would this be a major fault.

Would you please give us a hint how to proceed as this choice is way over our head. Which bank is safe and outside of the CRS at the same time.

Thank you very much for sharing your experience and knowledge with us!
GB

ANSWER: Wells Fargo is a bank that is perhaps more accessible. Bank of New York has a big custodian business. Wells Fargo does not have offices outside of the US that provide services to retail or small business customers. Remember that any branches of US banks outside the United States are not part of the Fed system and are not FDIC insured. If you want a retail type of arrangement then Wells Fargo may be better. Bank of America has probably the best facilities for wiring money internationally online.

If you are dealing with a US branch of any bank, it must be FDIC insured and that is per person, not per account or banks. You do not want any account with a US bank’s branch outside the USA for they would be under the control of the local central bank.


NOTE: I do not receive any referral fees from either Wells Fargo or Bank of New York. We do notaccept any commission from banks or brokers for any referrals whatsoever. We maintain our strict policy of no conflicts or interest.

Banks – Interest Rates – Mortgages


COMMENT: Martin, as an avid follower, I took your advice to heart to try to fix our interest rate for the loan we have on our house. This was the answer I got from our direct advisor: “Have looked at your file, you can still enjoy your low-interest rate until 01/12/2020, in other words refinancing is only recommended at the earliest in November 2020. Your capital will then fall to 37,000 euros outstanding, the interest may already rise to 3 % (then you still benefit in November compared to refinance now!) ? Repocrisis is in the USA, Europe is supported by the ECB, which keeps interest rates low? Or am i wrong?” Isn’t this the perfect example of how well people are informed, even those working at the banks? Or do we already see some intended lingering of banks, trying not to get caught on the wrong side of the risk? Thanks for answering or using this in your private blog as a perfect example…

BL

ANSWER: They may have been instructed from above to keep loans floating because the Repo Crisis is demonstrating that rates are under pressure to rise, not fall!

If you have a mortgage that is floating, lock it in with a fixed rate.

Those looking to buy have a dilemma. On the one hand, real estate prices are high in many regions and you can wait for prices to come down before buying. On the other hand, when prices start to tumble it will be the result of an inability to get long-term fixed loans so prices will fall to where people will be able to get loans or pay cash. The solution may be to buy when you can get a long-term fixed mortgage and then hedge it with eventually shorting rates where there will be a liquid marke

Could the Fed Ever Exit the Repo Market?


It is stunning how after more than three months, the analysis on the repo market is still nowhere close to reality. I believe that those in the trenches are, like me, afraid to really explain what is taking place for fear they will be blamed for creating a financial panic.

The popular explanation in September was repeated by the Wall Street Journal: “For one, Monday marked the deadline for companies to submit their quarterly federal tax payments.” This was standard analysis put out by the countless pundits the press rely upon and they have to come up with some explanation and quick. When analysts spout out their explanations to mainstream media it is because they are trying to get business. People have often asked me why I do not do mainstream media interviews. First, I do not need the business. Secondly, when you have real clients, they prefer to pay for information and do not want it on the front pages of newspapers for free. They appreciate analysis that is exclusive rather than as common as dirt. Hence, the analysis put out in the press about the Repo Crisis is coming from people who have no real clients in the area and lack the expertise in the field to start with.

Not even the central banks understood what was going on because even they tend to be domestically oriented. Despite the obvious fact that we live in a global economy, all the economic theories, analysis, and experience have been domestically focused. Unless someone has been in the trenches globally, they will never see the wildcard coming from external sources. Hence, we get the calls to explain things ONLY because they know all the other major institutions are also coming to us as some sort of the central point of reference.

The question that is now dominating everyone’s inquiries, can the Fed exit the repo market after being the dominant source of liquidity for more than three months? What will it take for the Federal Reserve to withdraw from its daily liquidity operations in this $2.2 trillion market for repurchase agreements (repos)?

All I am prepared to say publicly is that the solution is beyond the powers of all the central banks combined. The solution is not attainable without political concessions, which politically are just off the table. This is going to require a major reform that is unlikely to take place and will not even be recognized until the crisis erupts on a much larger scale