The Conflict of Law – USA/England v Europe


 

Vattel Emer de (1714 – 1767)

COMMENT: I believe you are wrong about the meaning of natural born citizen in you blog Does it Matter If You Are Born Outside USA to be President? You are a natural born citizen only if BOTH parents are citizens.

REPLY: The site you refer to notes the definition which comes from Emer de Vattel (1714 – 1767) who was a Swiss philosopher, diplomat. Those who were trying to make arguments against Obama were relying upon Vattel because it suited their desired result. Vattel’s definition was in his 1758 “the Law of Nations”:

Book I, Chapter 19, section 212, is “Of the citizens and naturals”

The citizens are the members of the civil society; bound to this society by certain duties, and subject to its authority, they equally participate in its advantages. The natives, or natural-born citizens, are those born in the country, of parents who are citizens. As the society cannot exist and perpetuate itself otherwise than by the children of the citizens, those children naturally follow the condition of their fathers, and succeed to all their rights. The society is supposed to desire this, in consequence of what it owes to its own preservation; and it is presumed, as matter of course, that each citizen, on entering into society, reserves to his children the right of becoming members of it. The country of the fathers is therefore that of the children; and these become true citizens merely by their tacit consent. We shall soon see whether, on their coming to the years of discretion, they may renounce their right, and what they owe to the society in which they were born. I say, that, in order to be of the country, it is necessary that a person be born of a father who is a citizen; for, if he is born there of a foreigner, it will be only the place of his birth, and not his country.

blackstone-2

This is all fine and good. However, there is a conflict of law between the English “Common Law” and the law of Continental Europe. This is taught in the very first semester of law.  Emer de Vattel was NOT any real influence in establishing the US Constitution. That distinction goes to William Blackstone (1723-1780).  Blackstone wrote the Commentaries On The Laws Of England. This is what the framers of the Constitution relied upon for here is the interpretation that the Supreme Court will turn to – Blackstone not Vattel.

Commentaries 1:354, 357–58, 361–62.

When I say, that an alien is one who is born out of the king’s dominions, or allegiance, this also must be understood with some restrictions. The common law indeed stood absolutely so; with only a very few exceptions: so that a particular act of parliament became necessary after the restoration, for the naturalization of children of his majesty’s English subjects, born in foreign countries during the late troubles. And this maxim of the law proceeded upon a general principle, that every man owes natural allegiance where he is born, and cannot owe two such allegiances, or serve two masters, at once. Yet the children of the king’s ambassadors born abroad were always held to be natural subjects: for as the father, though in a foreign country, owes not even a local allegiance to the prince to whom he is sent; so, with regard to the son also, he was held (by a kind of postliminium) to be born under the king of England’s allegiance, represented by his father, the ambassador. To encourage also foreign commerce, it was enacted by statute 25 Edw. III. st. 2. that all children born abroad, provided both their parents were at the time of the birth in allegiance to the king, and the mother had passed the seas by her husband’s consent, might inherit as if born in England: and accordingly it hath been so adjudged in behalf of merchants. But by several more modern statutes these restrictions are still farther taken off: so that all children, born out of the king’s ligeance, whose fathers were natural-born subjects, are now natural-born subjects themselves, to all intents and purposes, without any exception; unless their said fathers were attainted, or banished beyond sea, for high treason; or were then in the service of a prince at enmity with Great Britain.

The children of aliens, born here in England, are, generally speaking, natural-born subjects, and entitled to all the privileges of such. In which the constitution of France differs from ours; for there, by their jus albinatus, if a child be born of foreign parents, it is an alien.

Those who relied upon Vattel to support their argument that Obama was not a natural born citizen simply were looking for someone to agree with them. Then McCain would not qualify either or anyone born to an ambassador while posted overseas or a child of someone in the military stationed overseas. Even in the tax code, Canadians with one single American parent born in Canada were all being sent notices from the IRS that they owed taxes in Washington because they were citizens. I had a friend in Switzerland who married an American girl and they had a son. When he was 13, they took him to the bank to open his first account. The bank refused to allow the child to open an account because he was an American and they would have to report under FATCA to the USA everything he did.

The definition is clearly different from that of Continental Europe. You could have applied for an EU passport even as an American if your grandfather was born in Europe. If your grandmother was born there instead of your grandfather, you were not eligible. The right to citizenship only followed the male line – not the mother.

There is a huge conflict of laws between USA/UK and that of European which is based upon Canon Law from the Catholic Church. Under the Common Law (USA/UK), the only privilege is that a wife cannot testify against her husband. They can force your children to testify against you. Under Continental Law, nobody in your family can testify against you even a brother or sister-in-law – NOBODY. There are those who argue it is time to change that as well

Freedom Caucus & Big Bang


Freedom Caucus

I have been warning that we are headed directly into the collapse of socialism; not capitalism, simply because politicians have been bribing people’s votes with all sorts of promises they never planned on providing. Social Security may have began as a good idea, but then the money was really just a tax and the fund was stuffed with government bonds denying the average person the very right to invest for his future as do the “rich” who make most money from investment – not wages.

The core of that crash and burn in socialism is pensions. The scheme of pensions when blended with politics is a lethal combination. Politicians are NEVER prosecuted for fraud. Had any employer promise what politicians did and then engaged in every scheme to circumvent it, they would be in prison or hung by a mob in the good old days of social justice. Today, we have politicians who are just so dishonest and they constantly feed the flames of class warfare to divert any responsibility for what they have done.

Examples are surfacing from every corner. In Ohio, beginning in 2019, retired cops and firefighters will no longer receive health care benefits through the Ohio Police & Firefighters Pension Fund. Instead will receive a stipend to buy coverage on the open market. Why? Because the stipend can be fixed, whereas health care costs keep going up more than 5% annually with no end in sight. Health care is bankrupting the economy and is totally out of control.

The Freedom Caucus, also known as the House Freedom Caucus, is a congressional caucus consisting of conservative and libertarian Republican members of the United States House of Representatives. It was the Freedom Caucus, that brought down John Boehner as the leader of the Republicans. They were the ones constantly blocking the increase in a debt ceiling. It was the Freedom Caucus who stopped the repeal of Obamacare, not because they agreed with it, but because they are ultra conservative trying to stop any new debt. Trump responded: “The Freedom Caucus will hurt the entire Republican agenda if they don’t get on the team, & fast,” in a tweet. He continued: “We must fight them, & Dems, in 2018!”

BIG BANG ECM 2015.75

Big Bang began in 2015.75, with the peak in government and everything has been turning down rapidly ever since with interest rates rising. Even Trump won the presidency effectively as a third party candidate from within the Republican Party. Nothing like that has ever happened in American Politics. Everywhere we look we see the world headed into more chaos with BREXIT and political insanity in Europe, to China regulating Bitcoin to stop the capital outflows.

The Freedom Caucus is out in never-never-land. While yes we are dealing with a debt crisis, their solution of blocking the debt ceiling increases and repealing Obamacare is frivolous. Why? Because it is just totally impractical. To block any increase in debt is to invite Big Bang, social unrest, and the high probability that the USA will be pushed into civil war (Special Report to be published soon). These types of measures will accomplish only bloodshed. We must begin the process of restructuring the entire system. Blocking payments and new debt is inviting the confrontation. It is not a realistic solution.

It is now just a question of when with Big Bang set in motion, when will the whole Socialistic mess erupt and how will the markets respond? We will be looking at Big Bang and how to Trade a Vertical Market at the Hong Kong World Economic Conference in May

The Media Is Ignoring the 500-Pound Surveillance Elephant in the Room


Julian Assange told use from the begging that he got the information from leaks not the Russians; now who are you going to believe Obama that lied about just about everything he did i.e. ObamaCare or Assange who has never been caught in a lie.

Donna Brazile Now Claims WikiLeaks’ DNC Emails “Bogus” After Admitting She Lied


How did all these incompetent people get into positions of power. Oh its politics and they are mostly attorneys, and its no secret what attorneys are.

REP. MAXINE WATERS (D-CA) NAMED ONE OF THE MOST CORRUPT MEMBERS OF CONGRESS


Well she is a Demorat so its not surprising

SUSAN RICE Helped Obama Illegally UNMASK Trump Transition Team[NEW DETAILS]!!!


It would be nice if some of the Obama team did time in federal prison but be know that like Hillary got away with what she did so will the rest of the Obama minions.

LIMBAUGH: Do Democrats REALLY Believe They Can FORCE Trump Out Of Office?


Do the Demorats really think they can remove Trump — wow there as crazy as the Muslims thinking they can rule the world.

Debt Burden v Equities


Debt-Burden

QUESTION: Hey Marty,
If the US debt bubble bursts, how does this not affect the banks and insurance companies, as they hold over $1 trillion worth of US debt? Wouldn’t these instances falter also? If they falter, wouldn’t that bring down the entire stock market as well? If this is the case, then how can the stock market rally as you have been stating?
Thanks

J

World Total Public Debt

ANSWER: Everyone focuses constantly on the US, and they tout how $20 trillion will all default. This is just first, NONSENSE, and secondly a gross exaggeration without looking at total global sovereign debt. Total global debt stands at $230 trillion which is more than 300% of total annual Gross Domestic Product (GDP) of the entire world. The United States recorded a government debt equivalent to 104.17 percent of the country’s GDP. If we look at the US debt and narrow the focus to just government debt, then we find that the US accounts for $20 trillion out of nearly $59 trillion or about 1/3rd. Those who keep ranting about the US debt level, have said the same thing at every milestone. First it was $1 trillion back in 1980, Then, $5 trillion, $10 trillion and now its is $20 trillion. The whole reason big money buys blue-chip equities is because stock survive such events as they did during the German Hyperinflation. If a government goes bust, it is the private assets that survive.

Fed Excess Reserves

The banks and insurance companies hold far less than you may think. The banks sold their Treasuries and are parking cash at the Fed who pays them interest in Excess Reserves. A default on the debt, EXTREMELY UNLIKELY IF NOT IMPOSSIBLE, would hurt the Fed, but far less the banks directly. These people who constantly say the dollar will crash because of the US debt are blind. They never look outside the USA for a single second. They have a very myopic view of the world and this is why big money would never listen to them. They could never answer a single question about what’s taking place outside the USA when it comes to real capital net movements. If you do not comprehend even that capital is moving constantly around the globe, how can you possibly forecast anything no less answer questions of international investors? Historically government ONLY defaults when people no longer buy debt. It’s always just a Ponzi Scheme. All governments issue new debt to retire the old. They do not pay off the debt. So the USA will NEVER default on its debt by itself. Historically the default comes only when they cannot sell the new debt to pay off the old. That’s just insane and impossible historically.

Intra-governmental Holdings of US Federal debt are rarely ever talked about, which includes 230 other federal agencies holding US debt totaling $5.554 trillion, or almost 28% of the entire federal debt. This includes the Social Security Trust Fund, which can only invest in government debt. As of December 31, 2016, here is the breakdown of who owns what:

  1. Social Security Trust Fund & Federal Disability Insurance Trust Fund = $2.801 trillion
  2. Office of Personnel Management Retirement = $888 billion
  3. Military Retirement Fund = $670 billion
  4. Medicare Trust Fund = $294 billion
  5. Misc. Government retirement funds = $304 billion

This is what we would call the asset balance sheet. If this were a business, we would then look to see how much cash it has on hand as well. That amounted to $580 billion as of December 31st, 2016. (Source: Treasury Bulletin, Monthly Treasury Statement, Table 6. Schedule D-Investments of Federal Government Accounts in Federal Securities, U.S. Department of the Treasury, December 2016.)

Now, the remaining debt as of December 31st, 2016 held outside the government amounted to $14.403 trillion. Foreign governments and investors hold nearly half of that figure and 25% is held by yet other governmental entities non-federal, which are state and local governments, but legally also includes the Federal Reserve since it is technically not an agency. Now, looking to the private sector, about 15% is held by mutual funds, private pension funds, savings bonds or individual Treasury notes. Businesses own only about 10% of the national debt, which includes the banks and insurance companies. This also would include various trusts and investors holding T-Bills on deposit for trading. Then we have about 30% of the debt that is held by foreign holders, which includes governments around the globe as part of their foreign reserves. So here is what this looks like:

  1. Foreign – $6.281 trillion
  2. Federal Reserve – $2.463 trillion
  3. Mutual funds – $1.379 trillion
  4. State and local government, including their pension funds – $874 billion
  5. Private pension funds – $544 billion
  6. Banks – $570 billion
  7. Insurance companies – $304 billion
  8. U.S. savings bonds – $169 billion
  9. All Others = $1.349 trillion*

Now, a close review of this balance sheet shows that Social Security and all retirement/pension funds, hold almost 50% of the national debt. Let’s get to the bottom line. In the proposition that the United States actually defaulted on its debt, yes about 30% is held by foreign reserves and that would mean that the world monetary system would collapse. It is highly unlikely that such an event would ever take place and it most certainly is even less than the total debt owed by emerging market which stands at about 50% greater than that figure.

Emerging Market corporate debt share of the global credit market has been increasing and now accounts for about 18% of all U.S. dollar-denominated corporate debt in the world. Emerging Market debt has increased 300% since 2005 alone. The USA has the biggest economy and the most viable. Yes, if USA defaulted on its debt it would be lights out for the entire world. However, current and future retirees would be hurt the most and that would provoke civil unrest like you have never seen.

UBLST-25 MA

The risk is by no means that the USA defaults. The risk is that the defaults start not in the core economy, but it ALWAYS begins from the outside and spreads inward to attack the core. The foreign bond defaults in 1931 is what created the Great Depression and it did not NOT because the US defaulted, but because the USA adopted AUSTERITY and allowed deflation to dominate – the same mistake made in Europe today.

Future

Door to FutureI have previously warned that when dealing with government, he you has the guns makes the rules. When Italy could not pay 1919–1922 and was at risk of defaulting on their debt, they simply issued a law that the short-term paper you may have bought was now converted by government to 10 year bonds. Government can extend short-term debt into long-term without asking first. That will never happen with corporate debt. So what is a default touted by these people preaching the end of the world is nonsense. These people have the guns and can write any law at any given moment to pretend they did not default. India just cancelled its currency overnight with no notice.

The real default will come by masking it with war, they will extend debt, call a moratorium on debt payments, and most likely alter the world monetary system swapping all currency for something new that is electronic. Kiss cash good bye. Re-Constructing the FUTURE is already in motion. The door is open and how government crosses that threshold is not going to happen how these people are preaching to see their books.

If you have never worked behind the curtain, I seriously doubt you will ever truly comprehend what takes place. Being asked for your opinion by some agency is not working behind the curtain. They ask a lot of people. They do not listen. They are simply looking at what is going on outside their tower. They are not interested in OPINION. When a crisis hits, I get the call not for my opinion, but (1) what does the computer say and (2) what are your clients going to do. Everyone has an opinion, but it is only as good as your experience. A man cannot write a book on how it feels to give birth. Not going to happen.

So these people speculate about unrealistic events. NOTHING ever takes place until it is forced upon the actors.


  • * Individuals, brokers, dealers, bank personal trusts and estates, corporate/non-corporate businesses, various government-sponsored enterprises, and other misc investors. (Sources: “Factors Affecting Reserve Balance,” Federal Reserve, January 18, 2017. “Treasury Bulletin,” Table OFS-2, Ownership of Federal Securities, U.S. Department of the Treasury, June 2016.)

 

Politicians – Courts – The Corruption of the Rule of Law in 1760s


Regulator Uprising 1771

William Tryon (1729-1788) was the Governor of North Carolina from 1765 to 1771 and the Province of New York from 1771 to 1780.  He is best known in North Carolina for his suppression of the Regulator Movement, which some see as a precursor of the American Revolution.  The Regulators were rebelling against increased taxes by Tryon as well as corrupt activities by tax collectors in the Piedmont and western part of the colony.

The War of Regulation sprung from a dramatic population increase in North and South Carolina during the 1760s, caused by a migration from the larger eastern cities to the rural west pressured by an economic decline. The rural section of the colonies were predominantly an agricultural economy. As merchants and lawyers began to move west, this began to alter the agricultural economy. This internal migration within the colonies was augmented by a new Scots-Irish migration to America who also sought to move into the rural region.

I have warned that allowing migration during a period of economic decline as has been taking place in Europe, is a highly dangerous mix. Here during the 1760s, the rural agricultural community was suffering from a deep economic depression caused by severe droughts throughout the previous decade. The farmers lost not merely their livelihood, but also their own direct food source. As income was cut off due to the crop failures, the farmers fell into debt. The merchants turned to the lawyers using the court to settle disputes. The debt defaults and the influx of lawyers increased the legal prosecutions more than 15 times. Where there had been just seven debt cases annually, this jumped to 111 in Orange County, North Carolina, alone.

Many court cases were being used to seize property. Farmers lost their homes and property to the lawyers and merchants and this fueled the animosity toward the migrants. The lawyers used the law to create an unjust advantage. The politicians were involved and this created the image of what people saw as a ‘courthouse ring’, with corrupt officials benefiting from the foreclosures.

The resentment built continuously and finally the framers rebelled and took up arms. This armed conflict erupted at the Battle of Alamance in 1771, where Tryon’s soldiers slaughtered the farmers.  Tryon even executed the leader and some were pardoned. Then, Governor Tryon raised taxes once again to pay for the conflict.

This resentment remained in the minds of the people. This is often considered to be a precursor to the American Revolution. Such lessons are important to understand. It is not history, it is a road map as to how human nature responds. Just change the names and the dates and what has taken place before unfolds once again.

Senate Judiciary Committee Advances Supreme Court Nominee Neil Gorsuch Along Party Vote…


Source: Senate Judiciary Committee Advances Supreme Court Nominee Neil Gorsuch Along Party Vote…

Trump is putting America back on the right track