Tuesday, August 29, 2017

Obama's Environmental Lies; Market Uncovers Truth.

Judicial Watch, Inc. v.
U.S. Environmental Protection Agency 
"Obama's going to end up in jail", I told my dinner party. Defensively, a young friend from Spain asked "why would he go to jail?". I told him that while I didn't know the specific broken law that would put him behind bars, Obama had broken so many laws that the possibility of him eventually falling from grace was high. Yes, the highest probability is that he won't do a single day in jail even when caught. To safeguard the integrity and honor of the office of the US president, Obama will surely receive a presidential pardon immediately after accepting guilt. But for all intents and purposes, Obama is a criminal who will be captured.
I understand why it is so difficult for many Europeans to understand why I speak of Obama, my former president, in such terms. After all, Obama was the face of the ever protecting government. Obama's promise to take care of the country in every aspect of daily life, is a message that resonated strongly with Europeans. Many Europeans love the comfort of a big government. In a way they are still emotionally shocked from the many words the endured.
Yet, I think they're wrong. I think they're ignoring their own history. Totalitarianism, a system where government has "total" control over all aspects of its citizens' daily life, devastated country after country throughout Europe. It is clear that the fundamental reason behind the wars that so traumatized Europeans is 'big government'. Needless to say, I think Europeans misplace their trust. They're asking the wolf to watch over their chickens.
And there wasn't a bigger and meaner the wolf that Obama; a man who follows the Chicago mob strategies of Saul Alinsky. The savagery first displayed by Al Capone's band, was brought to the White House with so much pomp that the news media and Hollywood fell in love with the idea of deploying the ultimate bad-soldier Army to support the ideals of the left. Under Obama, if I lie could be told, then why not lie humongously. So lies rained for eight years.
So how do you catch a criminal in a world where your government is the criminal? What happens when police and investigators refused to incriminate their bosses? Isn't it true that we pay government the tax money needed for it to sustain a police and military force that will defend us from wrongdoing?
This is the problem with the government. It will not protect you from itself. At the core of the debate between socialism and market-based capitalism resides the size and power of government. Socialists seek the protection of a bigger government. Market faithful, on the other hand, believe that the answers will arise out of the ashes of self-interest. Honestly, the Phoenix like performance of markets seems at first sight to be more magical than real. So we shouldn't blame those of the socialist side for being skeptical; especially those with limited insight into the historical evidence.
Mao's Great Leap Forward's failure
Still, the truth is that markets work, no matter how counter intuitive they may seem. Mao Tse Tung's well intended socialism killed more than 45 million people. In an attempt to make their lives better, Mao's Great Leap Forward me the parents die of hunger, but not before they ate their children. No wonder it is said that the road to hell is paved with great intentions.
And to think the Social Justice Warriors want us to change history and condemn Christopher Columbus. From 1494 to 1508, Spaniards and Indians fought in wars that resulted in more than 3 million deaths; less than 7% of Mao's socialist damage. Let's keep in mind that Mao did his socialist magic in just four years. Clearly, socialism has a lot of explaining to do.
Social Justice Warriors
want to change history
As a system that depends on spending more value than it's created, socialism is destined to perpetually fail. And before offering Nordic countries as evidence against me, first look at their balance sheets. For all intents and purposes they are insolvent already. It's the dead-man-walking effect. We all know they're dead, but we don't tell them.
On the other hand, a market-based pressure valve was installed on Mao's China at the end of the 90s. As a result, China has continued to point towards the left as they clearly move rightwards. Chinese leadership knew that it was a matter of time for Chinese farmers to lead a second revolution. Interestingly, the solution to the social problem came from allowing farmers property rights to their productivity and access to a free market, the two things socialism negated.
I could go on and on about the many instances where markets have solved what governments couldn't. Instead, let's look at how markets can create solutions in areas well beyond our imagination. Can markets create a way for us to protect ourselves from government?
In 2015, Obama's administration issued the Clean Power Plan. In it, they quoted EPA scientist studies claiming that thousands of premature deaths would be prevented by the plan by 2030. Like with many other EPA and NASA reports, the Obama administration had no problem bending the truth beyond the point of obvious failure. But no one in government was going to say anything about it. All insiders, those people who perpetually work in government regardless of the party controlling the White House, generally vote Democrat. Why? It's simple, Democrats want more government. If you work for a company called government, don't you want it to grow? Well, all these insiders, now called the Deep State, understandably act in favor of those who want to bring more money to Washington. To them, Obama was something close to a God.
This meant that citizens in the US would never have a chance to see any other wrongdoings of Obama's administration.
Enter the market solution. The United States has different not-for-profit organizations that focus 100% on uncovering corruption in government. These are not agitators. There are no street demonstrations. There is no partisan agenda nor intent to manipulate the media or their message. These organizations are funded by citizens who support them through voluntary donations and without the need for a government enforced, gun-to-the-head tax.
Let's look at Judicial Watch. The oldest and most reputed of all such government watchdogs, Judicial Watch exclusively acts through the legal system. They first find areas of possible corruption. Next, they use either legal petitions or lawsuits to obtain evidence that will prove more disprove such corruption. Like all other market tools, Judicial Watch creates transparency in an environment where perpetrators malevolently hide everything.
Freedom Of Information Act
Based on the Freedom Of Information Act, often called FOIA, Judicial Watch requested the EPA to produce the study behind Obama's Clean Power Plan claims. Obviously the EPA did not want to cooperate. Thankfully, Judicial Watch is this patient is any. They know that every action they take is only one in a long chain. They continued with lawsuits after lawsuits. Eventually, they succeeded.
The scientific report says nothing about premature death prevention. The mystery that again. The scientific paper covered nothing relating to saving deaths.
The final stage in Judicial Watch's efforts is the press release where the truth finally comes out. Obama lied. This is not the only lie that they have proven any will not be the last, as there are thousands of lawsuits pending.
But if you think the judicial watch is an anti-environments or anti-left organization, think twice. They're also investigating Trump's government expenses for personal matters. In a nutshell, they go after everybody in government.
Just don't hold your breath thinking that CNN, Reuters or MSNBC will talk about any of Judicial Watch's uncovering of corruption activity by the Deep State and the Democrats. Such information can only be found through the new media. Here, the market has also created an army of former reporters and media producers who, after being dissatisfied with the pervasive corruption, have launched hundreds of YouTube channels of real investigative reporting.
Yes I know the noise of bad information on the web is loud and ever present, but in no time the new market will create the necessary transparency for people to transition from the old fake media to a new source of reliable news.
While the debate between socialism and free markets will continue, there are a couple of undeniables to ponder.  Big government has brought rampant corruption to Washington like no one expected. Also, big media has colluded with big-corrupt government to misinform the people. It is ironic that markets are creating solutions to both.
Vivan los Mercados!

The kind of work Judicial Watch does:

Saturday, August 19, 2017

Currency Cloud; Doubling-Down on a Fractured Inflationary Policy

Do you really hold title on property that's stored on the cloud? I don't know about you, but I don't trust the cloud. There is something that makes me think twice about the idea of owning something that I can't store myself. Yes, I know that cloud purveyors of goods promise that we really 'do' own whatever it is that they're selling us. Yet, whether I buy music or software, I want to hold it in my possession; even at the risk of making a mistake and losing it due to a hard disk crash or something else.
Since humans begun to trade, holding title over property was essential, no matter how informal that title was. This is why, the medieval system was destined to fail. Only kings could own productive property such as land and other important resources. Let's also remember that in the communist system the concept of property title over any productive asset is eliminated. We all know where all communist systems went.
So what would you say if I told you that we are now briskly moving towards a cloud-based monetary system. The International Monetary Fund, the only central bank type in the world with a clean balance sheet, created the SDR's as a direct replacement for all world currencies; especially the dollar. An SDR is a Special Drawing Right, a debt instrument no different than the US dollar, issued by the International Monetary Fund.
Central banks around the world understood in 2008 that our present inflation-based monetary system based on the dollar as an exchange currency died the moment that real estate problems in the US affected the whole world. The patient almost died. As a result, all sorts of untested monetary drugs were created. These drugs were given to the patient in overdose fashion. Every major central bank around the world loaded its balance sheet with anything they could: government bonds, real estate, corporate debt and stock. But to understand why, we have to look back.
At the end of the 1990s, the main financial institutions in the world got together to rescue Long Term Capital Management, one of their own. This hedge fund managed by Nobel laureates faced collapse and damage to the financial system as their mathematical models drove them to overinvest in a defaulting Russia. This was a case where banks bailed banks out.
But in 2008, it was these banks that needed a bigger balance sheet to rescue them. This is where central banks entered the picture.
So what now that all the central banks around the world have destroyed their balance sheets? What will happen in the next recession? Who's going to rescue the central banks? The only institution with a clean balance sheet left his International Monetary Fund. To understand inflationary monetary fund one must understand Ponzi schemes. Both require larger players to enter the game. Yet, both will fail eventually. The catastrophic outcome increases in size as the Ponzi scheme gets bigger.
However, changing the monetary system is more than just changing one paper money for another. In the past, we went from gold or silver to paper, for example. This time, central bankers want to change the way property title works when dealing with money. They want to eliminate the cash-based society altogether.
At first sight, one could think that because of our extensive use of credit cards, we already have a cashless system. But this is not what central bankers think about when looking at cash.
Recently, interest rates when negative in several European countries. In essence, the lender pays the borrower a premium in exchange for the borrower placing the lender's money at risk of loss. Throughout history, if the borrower put the lenders money at risk, it is the borrower who had to pay the premium.
If assets like money or labor are free, how many should you get? All that you can, of course. So if money or labor pay you for taking advantage of them, how many should you get? I guess the only answer is: infinite. This is the absurd result from letting academics control our lives. To them, it's just a simple mathematical formula.
So how did citizens respond to negative interest rates punishing their savings? Instead of infinite spending or infinite lending they took the money out of the banks and held it in cash. This is because no matter where interest rates are, positive or negative, cash is a zero interest debt instrument. Consequently, central bankers went crazy. Their beautiful formulas didn't work. So what to do next? Perhaps rethink the formulas? No! Let's eliminate the stinky cash. Let's make all money virtual. In that way, no one can take money out of their interest rates system. Let's say that again. In a cashless society, there is no place to hide from central bankers.
Stock and commodities traders everywhere know that, when markets are extremely volatile, staying in cash is a very viable riskless alternative. Well, so much for that. No one will ever be able to do that again; or at least until we realize central bankers are not looking after our best interest.
But like everything else, a cashless society will also place every citizen within closer reach of government and those who influence it most. A real scary thought.
The IMF made China responsible for the launch of the SDR. In August of 2016 China issued the first debt instruments within the SDR system. Visit www.acchain.org for more information about their progress. Their immediate goal is to securitize assets with these SDR's. Think about it. Securitizing US real estate during the early 2000s wasn't enough for bankers around the world. By the time those so-called assets were passed through the derivatives machine, bankers were really happy. Yet, everyone lost all sense of where real value lied. When the real estate bubble blew up, many were unsure of who owned the asset in the end. Many foreclosed properties stayed in limbo as it wasn't clear who in a series of titleholders was the final owner of the debt. It was akin to a musical chairs game where multiple people ended over a single chair.
The first SDR's in China where backed by tea leafs. One way to understand this is to simply look at commodity futures; contracts of things like cattle and coffee. Yes again, futures are derivatives that allow for extensive speculatory trading. Counting all gold future contracts being traded at any one time will prove that most of them are being traded for speculation and will never be turned in for commodity delivery. There are a lot more contracts that goods available. Moreover, while Goldman Sachs has every intention of making money from gold price fluctuations, they have no interest in receiving truckloads of bullion at contract expiration. As such, SDR create a natural shortcut for speculation.
The first real estate residential community in Dallas, Texas is been securitized with SDR's. Due to US regulations, no Americans can participate in such SDR's. Well, I'm sure Goldman Sachs has a way of going around the rules. But I sure can't participate.
It does sound fantastic to think that our next global currency will be based with real assets. But who said citizens would barter with SDR's?
Enter crypto currencies. The recent craze for Bitcoin and all the other copycaters represents the best early Christmas gift central bankers never asked for. They fell in love as soon as they got their hands on it. Let me explain.
One of the problems central bankers have is how to convince citizens to switch from physical currency to cloud-based currency. Fortunately for them, the market has created a solution to their dilemma. Central bankers don't have to convince anyone. People are tripping over themselves as they bid up the price of crypto currencies in fear to be left out.
I know that the promise of crypto currencies is one of a system that lies outside of government watch and control. But the IMF and central bankers are not keeping the secret; they have publicly announced their love for crypto currencies. Have you noticed the recent headlines that Goldman Sachs is recommending its customers to buy Bitcoin? Coincidence? Give me a break. After seeing the depth of corruption in our US system, I'm even in doubt of what real mom is. From Google, to Facebook, to Goldman Sachs, to Bank of America, to my local electoral polling system, I don't trust any of them. Here in Broward County, just south of where I live, there are 40% more registered voters than citizens. Broward county was won, hands down, by the Democrats. We even have 140-year-old voters who seem to love the Democrats.
Bank of America Refuses Cash
For Mortgage Payment
And if that's not enough cheating, asking to get more than $1,000 in cash from my Bank of America account could get me arrested. It seems that the bank's liabilities are now backed by my money in their possession. Understand this: If they fail, government won't have to bail them out. I am going to bail them out without being asked. It's all part of the new contracts every US citizen unknowingly signed.
So, are you still excited about having a cloud-based society? Ponder the question of who, in the end, holds title over your property and money? Now that crypto currencies have been incorporated into the IMF's SDR plan and after experiencing what it is to hold title over a cloud-based asset, you see how this begins to seem much more like a medieval system where the powerful reside within the castle and the rest of us toil the rented land while being the first exposed to elements and foreign attacks?
I don't know about you, but nothing about this Ponzi scheme bubble makes me like it at all. Central bankers and the IMF will promise SDR's as the next stage in a healthy and vibrant economy. I just don't buy it. We are simply gaining speed right before impacting the wall.

Article on LinkedIn

Monday, July 24, 2017

Sessions lacks the stomach to drain the Swamp; Replace with Giuliani.

composed image in color of Jeff Sessions, RudyGiuliani, the US Department of Justice seal and the US FlagWe the people elected Trump to clear the Swamp. We want all corrupt non-elected bureaucrats who permanently infest Washington, independently of political party, to lose their power and influence over our government. We want them kicked out of Washington.

Unfortunately, all Swamp creatures are actively celebrating that Attorney General, Jeff Sessions, is a nice guy that's easily pushed around by the brutal beasts. As a result, Washington is now a circus where unaccountable attorneys have absolute power and unlimited funds to revert the wish of the electorate.

We need someone with the visceral fortitude to take on the most difficult job in US history. We need our ever-reliable hero, Rudy Giuliani. Mr. President, please replace Sessions with Giuliani for Attorney General.

If you agree, sign the White House petition at the link below:

Sessions lacks the stomach to drain the Swamp; Replace with Giuliani. https://petitions.whitehouse.gov/petition/sessions-lacks-stomach-drain-swamp-replace-giuliani

Friday, June 2, 2017

Paris Accord Not About Climate Change

composite image of various presidents shaking hands during the signing of the Paris Accord plus the logo created for the event plus the Eiffel tower at night with the claim of 1.5 degree reduction crossed out in favor of a much lower fraction
The Paris Accord that has created so much recent noise is about everything else but climate change. No need to argue the merits of the climate change argument.

When dealing with politicians, one can never focus on their headlines. The dirt leading our countries are great at coming up with platitudes. Instead, I always rely on reading the long script. Yes, I know that these texts are often opaque and circular in logic. That's exactly how politicians ensure we won't figure out what they are up to.

The Paris accord is about global redistributionism. The whole concept that the rich must pay retributions to the poor for a legacy of abuse is now being played at a global scale. As the rich in this narrative, the US is supposed to pay into a fund without accountability or clear goals. Just look at how Brussels EU government has found ways to erode democracy in Europe while creating perpetual bureaucrat jobs for those who focus on making everybody feel guilty of their actions. Do you really think that the EU government is accountable? Try to fire any of them. You can't!

Concurrently, countries who are behind on the pollution race get a big-fat certificate of approval from all treaty participating nations. Go ahead, we tell, them, feel free to pollute as you wish since that would be just fair. And you thought the accord was about reducing pollution.

It is easy to hate Trump. There are many reasons. But our exit from the accord is not about Trump or about climate change merit. As I tell my little girls, "focus". Don't let the noisy media flash bright, shinny lights in front of you. If we want to reduce our impact on the environment, let's do it in a way that will actually achieve results.