What caused the 16 Feb Crash?

Asset-Forfeiture Looting is not Free trade

Asset-forfeiture is the leper’s bell of an approaching looter.

Type S&P 500 and choose the 6 month index. By running the cursor along the peak of the curve you can tell when the slope of the curve turned negative. That date looks like 19FEB2020. CNN expelled a huge smokescreen on China’s Communo-Virus close to then, but CNN is not of a truthful persuasion. The corporation actually PAYS airports to display its screed on waiting area screens, and nobody had more interest in asset-forfeiture looting than Nixon-law subsidized media looters. So who is next on the list of usual suspects? Whose name appeared on the Flash Crashes of 2008, 2010 and 2015?(link)

Yes, I am talking about the Financial Action Task Force currently tasked with looking into corruption in not-really-communist China. And guess what… see those twin troughs just to the left of February 19? The high point just before the fall-where the slope goes from increasing to decreasing–coincides reasonably with issuance of a Swiss report on how Swiss banks have agreed to FATF-approved Knife Your Customer and similar policies. The report was released, I’d wager, on or about February 17, 2020, judging from the stock prices graph. The FATF is very careful to avoid exact dates unless there are no nearby stock gyrations.(link

FATF reports and such are reportedly released in Month, Year, and surrounded with a smokescreen of obfuscating acronyms. The MER on Switzerland was adopted in October 2016 and at the urging of AML/CFT advisors went through R.2 through R.21 with threshold gaps triggering due diligence requirement adjustments and execution of operations in cases of suspicion. Since the same Swiss whose papers debated U.S. newspapers about wholesaling heroin in February of 1929 are today deemed too naíve to write their own laws, the FATF hands elected representatives AMLAs to sign and pass, and scolding CDBs (a looter code of ethical robbery).(link)

FATF does admit that an OBA-FINMA became enforceable with guns on January 1, 2020, and for the ten-thousandth time dins its message that anyone who would rather not be robbed by tax collectors can only be so anti-social if actually practicing or at least abetting the financing of religious terrorists flying hijacked planes into tall buildings in New York.(link) Everywhere you look, logical disjunction is resorted to to deliver this point subliminally. Any declarative statement, even “two plus two makes four” is still true after some dishonest skunk tacks on a disjunction. Two plus two makes four or five is therefore as logically true a statement as it was before tacking on the cognitive mutilation and repeating it a million times–sad, but true.(link

See their pro-coercion brainwashing movie: Not a Victimless Crime

 

So a preference for keeping your own money means–in FATFspeak–you are morally the same as 1912 balkan Mohammedans or Christians kidnapping, raping and murdering each other, and selling the survivors to the highest bidder.(link) By their lights, this makes you OAD FCT according to the GBCF.(link

You can see how this goo, like the language in the Anti-Drug Abuse Act of 1987-is contrivedly hard to follow or, once grasped, to explain to the innocent. Then again, if your pet policy is guaranteed to wreck the economy that pursues it, clarity is the enemy. 

Find out the juicy details behind the mother of all economic collapses. Prohibition and The Crash–Cause and Effect in 1929 is available in two languages on Amazon Kindle, each at the cost of a pint of craft beer.

Live on Amazon Kindle in 2 languages

Brazilian blog

 

Before the 1929 Crash

Kleptocracy black market is mystical collectivist side effect

Does this look like financial news? Well it is!(link)

 

The Evening Day, New London, Connecticut January 1, 1926, page 4, on which an almost new Ford coupe sells for $175, depicts the breakdown of the Gentlemen’s Agreement between prohibition enforcers and a coalition of bootleggers, bankers, sugar & yeast companies and pharmaceutical enterprises. Many of the larger drug companies were at least partly German, at a time when Germany was still a holdout on passing the equivalent of a Volstead Act designed to ban enjoyable drugs. Here is how German stock and money markets behaved during five years shortly after a reparations crisis had reduced the value of the Papier Mark to its weight in cellulose. What was going on here and in Germany?  Continue reading

YES WE CAN SAY NO!

Country Joe and the Fish Intergalactic Fan Club

It’ll kick in soon, just you wait, it takes time…

THERE WAS A TIME WHEN YOU COULDN’T just say no to violent aggression. In the 1920s mystical fanatics sought to pressure and intimidate voters into having someone point guns at people over beer or plant leaf soakings. This immediately wrecked the economy until gentlemen’s agreements between producers and government agents took effect in early 1923.(link)

But increased penalties soon crashed the economy, and until 1931 there was no way to vote no on having people robbed and shot. If you voted Democratic, that was a vote for low tariffs, but also for debased currency and white supremacist racial collectivism. If you voted Republican, that was a vote for the gold standard, but also for shooting and robbing the peaceful, high excise and income taxes, and helping Germany spend money on armaments rather than pay reparations for damages wrought during The Great War. There were communist-socialist infiltrators and even native brainwashees, of course, offering more prohibition and tax laws and amendments, but nobody offering freedom from coercion.(link)

It was the Liberal Party platform of 1931 that tackled the Eighteenth Amendment head-on and demanded it be repealed along with the Volstead Act, Blue Laws and the ban on Sunday baseball games.(link) Liberals sought to make divorce safe and legal, and were absolutely opposed to Ku-Klux collectivism and Comstock laws. And guess what? There was a Gentleman’s Agreement.(link) Rather than run against those spoiler votes and lose to the Republicans, the Democrats copied the Liberal Party repeal plank into their own platform and won five consecutive presidential elections with nary a Crash nor added Depression wrecking the economy.(link)

So when next a Republican shrieks that Bernie is going to open gulags in North Dakota and Maine unless your vote helps God’s Own Prohibitionists ban contraceptives, shoot more teen-agers, wreck more economies in Latin America, export more fascism and bomb more ignorant wretches on the other side of the planet, remember that YES WE CAN SAY NO.(link)

Democrats no less agitated will grab your cuff with predictions that God’s Own Prohibitionists will grab pussy, ban birth control pills, appoint Klan judges, boil away the polar ice caps and bring yet another Asset-Forfeiture Crash and Depression as in 1929, 1987 and 2008–unless you help them ban electric generation plants, customs inspections, take-home pay and automobiles. Again, YES YOU CAN JUST SAY NO. How? (link)

We wrote the Roe v Wade decision!

A brief history of libertarian spoiler vote clout. Our 4.4 million presidential votes (equal to the State of Virginia) were only about a fifth of the LP votes captured in 2016.

BY VOTING LIBERTARIAN! 

The LP looks for ways to NOT point guns at people. Our non-aggression principle and platform is that simple. Libertarians understand that pointing guns at non-violent citizens is the gateway to massacres, gulags, Kristallnacht, Auschwitz, Treblinka, The Killing Fields, Ukraine famines, People’s Temple suicides, wars, racial strife, collectivist coercion, asset-forfeiture confiscations, Crashes and Great Depressions that lead to unemployment, taxation and more force-initiating laws.

HOCKEY STICK ANYONE?

This graph fits LP presidential votes to the logistic replacement curve that shows how cassettes and CDs replaced vinyl, how elections replaced monarchies.

No our candidates don’t often get elected and begin shouting out orders in the Senate. Instead our candidates make it possible for… YES, YOU to send a clout-packing spoiler-vote message to The Political State Just Saying No to force, intimidation, murder, robbery, parasitism, war, treachery, censorship, rights infringement, girl-bullying, pull-peddling, election rigging, subsidized vote corruption, graft, ugly gimme caps and exportation of destabilizing fascist policies.

Libertarian spoiler votes state this clearly, with no strings, and DEFEAT the more brutal of two looters running for that same office. Over a hundred of our candidates actually hold office, and that scares the crap living daylights out of looters of both wings of the communo-fascist persuasion. 

Suckers and cowards settle for one vote out of 129 million and end up with Trump, Obama, Bush, Clinton, drug wars, terrorist attacks, maimed veterans, high taxes, dead cops, dead kids, inflation, prohibitionism, Crashes and Depressions. Libertarians pull the slot machine handle on one vote out of 4 million, and get roughly 30 times the law-changing clout for that vote. It takes a special kind of stupid to miss that chance.

That realization is why our vote share–barring idiotic 5th column planks to wreck our platform–increases by about 80% per year right now. With this we bring you legalization, tax cuts, individual rights, peace, choice, freer markets, and the withering away of the initiation of harmful, deadly and coercive force. We replace that force with freedom from coercion, and we accomplish all this one vote at a time.

Find out the juicy details behind the mother of all economic collapses. Prohibition and The Crash–Cause and Effect in 1929 is available in two languages on Amazon Kindle, each at the cost of a pint of craft beer.

Live on Amazon Kindle in 2 languages

Brazilian blog

LP Migration Plank v. Constitution

Jon Roland of Austin, Texas runs a blog on the Constitution. This entry explains why the LP had better restore the Migration plank to what it said in 2016, when it brought us 4 million votes–before it was disfigured into repellent absurdity.

2019/02/16

Constitution authorizes declarations of emergency

The U.S. Constitution states:

[Congress shall]  provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions; Art I Sec. 8.

Section. 2. The President shall be Commander in Chief of the Army and Navy of the United States, and of the Militia of the several States, when called into the actual Service of the United States;
This last clause is key. The President has authority to call up the militia, and call-ups of militia are for emergencies, not to do the job of the regular military, which is provided for elsewhere. So to call up the militia is to declare an emergency.

So can the President declare an emergency without calling up the militia? All U.S. citizens, including government employees and contractors, are militia. Directing them to reallocate funds for defense is to act within that power. No special statutory authority is needed.

So are entries into the U.S. without consent an invasion? Yes.  Any such trespass is an offense against the law of nations, which Congress has the power to define and punish. They have done that, although first-time simple entry is merely a “deportable offense”, a kind of misdemeanor. However, reentry after having been deported is a felony.

It does not need to be an armed force to be an invasion. A child chasing a butterfly across the border is an invader. It also doesn’t matter whether the invaders are, or can be expected to be, criminals. Peaceful people seeking work are also invaders, if they enter without consent.

So is the situation on the southern border an emergency? If it were only a few a day, no. But thousands flooding the border, faster than they can be managed, is an emergency.

Does it matter that the thousands are seeking asylum? No. U.S. law only recognizes political asylum, not economic asylum. Most of those  thousands are economic refugees. If they are fleeing criminals or corrupt officials, then they have the duty to fight in their own countries, not in ours.

What is the President’s alternative? He could station troops along the border with orders to repel invaders with deadly force. He could erect gun turrets every few hundred yards. That would be more expensive than a wall. Do opponents of a wall really want invaders to be repelled by automatic weapons? Democrats would not get many votes from those.

Jon blogs at constitutionalism.blogspot.com

The Constitution once made Beer a felony, enforcement as which collapsed the economy. Get the complete story in Prohibition and The Crash on Amazon Kindle in two languages

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Prohibition and The Crash, on Amazon Kindle

I also produce books and articles in Portuguese, using Brazilian historical sources at http://www.expatriotas.blogspot.com or amigra.us

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The Religious Conservative Dilemma

On January 27, 2017, one week after his inauguration, President Donald J. Trump signed an Executive Order entitled “Protecting the Nation From Foreign Terrorist Entry into the United States.” Exec. Order 13,769, 82 Fed. Reg. 8977 (Jan. 27, 2017) (“EO-1”). EO-1’s stated purpose was to “protect the American people from terrorist attacks by foreign nationals admitted to the United States.”

Many people disagree with the wisdom of this EO. Ahmed Aminamin El-Mofty of Pennsylvania and Everitt Aaron Jameson of San Francisco, for instance, thought the Executive Order a bad idea. After all, Donald Trump sewed up the Republican nomination by telling Reason TV personnel: “Libertarianism? I like it!” That alone was enough to draw the boiling wrath of communists, socialists, fascists, prohibitionists, amok berserkers, suicide-vest designers, iSlam, iS, all looter intelligentzia and cognoscenti, greens and democrats. But Republicans who recalled losing to Clinton–after Ross Perot spoiled their party–quickly perceived the benefits of setting aside prejudice and nominating someone who wasn’t even a despised politician.

Is there an objective basis, evidence, to show that excluding entry of Saracen berserkers and communist nationals was a bad idea? We’ve seen how satellite photos of Puerto Rico and Texas prove that uranium reactors survive undamaged, while solar panels and windmills produce only blackouts when hit by a hurricane. So how have These States fared when compared to the sensitive, concerned and aware People’s States of Ecological National Socialist Europe? Europeans have done a lot of bragging about how loftily they’ve been importing intolerant, faith-based, self-sacrificing mystical fanatics. The comparison is easy to make. Here is a picture showing terrorist attacks in These States and environs (not counting the ones currently making headlines).

Here is a picture from the same map showing how well European appeasement is working.

So where’s the dilemma? The dilemma is that American religious fanatics attack some trade and production, whereas their ideological bretheren in the People’s States also attack some trade and production at America’s urging, and leave the killing and maiming of innocent bystanders in the hands of cheap immigrant labor.  The Republican party used to do basically the same thing.  On January 29, 2001, George Bush Jr. issued Executive Order 13199—Establishment of White House Office of Faith-Based and Community Initiatives. The idea was:

“…charitable community groups, including religious ones, should have the fullest opportunity permitted by law to compete on a level playing field, so long as they achieve valid public purposes, such as curbing crime, conquering addiction, strengthening families and neighborhoods, and overcoming poverty. This delivery of social services must be results oriented and should value the bedrock principles of pluralism, nondiscrimination, evenhandedness, and neutrality.

The result was a sharp increase in infiltration by officious activists and confidential informants eagerly telling federal, state and local enforcement personnel where they might raid the Hemp from Hell and round up the Servants of Satan while confiscating their property, homes, savings, automobiles, businesses and bank accounts.

Instead of easily-understood pictures of smoking ruins and mangled children, the Bush application of Divine Revelation through Comstock-Law asset forfeiture produced capital flight, a liquidity crisis, a long and miserable economic depression and the quickening of socialist and nationalsocialist infiltration into the US government. By adding more intervention in Ottoman territory, the GOP managed to spark retaliation resulting in the World Trade Crater in New York City.

By copying the Libertarian energy and gun planks, God’s Own Prohibitionists have held on to some pelf, boodle, government paychecks and graft. But their tragic addiction to coercive bigotry instituted by Anthony Comstock and the Prohibition Party shows the Urinalysis Party still has a lot to learn if it hopes to earn the votes of honest, rational, independent citizens.

When looking for a translator or interpreter able to cope with court decisions, political documents and economic repercussions, consider paying a visit to http://www.HankPhillips.com

Find out the juicy details behind the mother of all economic collapses. Prohibition and The Crash–Cause and Effect in 1929 is available in two languages on Amazon Kindle, each at the cost of a pint of craft beer.

Brazilian blog

 

1931 Moratorium on Brains

Christian altruists

Herbert Hoover in 1938 meeting with results of 1931 Moratorium

In 1931 Republican President Herbert Hoover and drug czar Harry Anslinger were pressuring Germany into additional curbs on heroin exportation while semisocialist Germany’s victims were demanding reparations payments under the Treaty of Versailles (which the US did not ratify, but which still involved $10 trillion in gold).

Hoover’s error is relevant to ongoing efforts to extricate These States from the Vichy Paris carbon tax extortion the Obama Administration tried to smuggle past the Senate. Already there is a severe shortage of nuclear power plants in These States–which is the whole reason engineers are forced to rely on coal. Coal is less clean, less safe, and less hardened against attack by comparison. The Paris Capitulation can only benefit Communist China and Venezuela at the expense of the relatively free world. 

As 1931 stupefacient drug prohibition negotiations proceeded, banks in Germany and Austria failed. Depositors were removing their money because they knew the influx of dope money would stop, but reparations claims were persistent. Hoover’s brilliant idea was to let France, Britain, Italy, Russia and others “temporarily” default on war loans payable to the USA. In exchange, they would let Christian altruist Germany default on reparations payments owed to the USA. That was the lose-lose theory of coercive prohibitionism. What happened under the Moratorium was that Germany kept exporting addictive poisons and using the money to build up the Steel Helmets, build submarines and battleships and entrench the National Socialist party. Immediately all of Europe began defaulting on war debts, and even commercial loans of private US capital.

socialism is socialism

Mystical collectivists elect Nazis, thanks to Hoover

Ayn Rand was a Hollywood writer and reader hanging out with pre-code movie stars like Barbara Stanwyck, watching Three on a Match (with husband Frank O’Connor), Scarface, Night Nurse (bootlegger hero), Dinner at Eight, The Secret Six and old Alma Rubens movies. At age 24, newlywed immigrant Ayn Rand was certainly aware of Russian and German anti-jewish fanaticism. All of America was painfully aware of Hoover’s solicitous concern for The Accursed Hun.

The smart Moratorium in Atlas Shrugged is Hank Rearden voluntarily offering rail on credit to Taggart Transcontinental. The dumb Moratorium of 1931 was Hoover helping Hitler’s backers arm and control Germany’s government. To this Ayn Rand drew too vague an analogy with the Moratorium on Brains in Atlas Shrugged. Nor did she clarify the connection–possibly for fear of weakening Barry Goldwater’s GOP while the Soviet still existed.

Dwight Eisenhower was, after all, the conquering Republican president of both These States and the Government of Occupation, and Richard Nixon was his vice-president and anticommunist Wingman when Atlas Shrugged was finally published. But the book was already in its tenth chapter in 1947, when Christian National Socialists were denying ever having so much as suspected that Henry Ford’s Fuehrer’s promise to “extirpate” jewish egoism in Mein Kampf was anything but a joke. That was the year Rand composed the Non-Aggression Pledge. That tersely-worded individual decision established a modern ethical position consistent with the era of mature nuclear physics.

Get the complete story in Prohibition and The Crash on Amazon Kindle in two languages

ProhicrashAmazon

Prohibition and The Crash, on Amazon Kindle

I also produce books and articles in Portuguese, using Brazilian historical sources at http://www.expatriotas.blogspot.com or amigra.us

1929 Stock Market Crash One

Chapter 46

The First Stock Market Crash

looters-by-law

Chicago Tribune 27MAR1929

On March 26, 1929, Al Capone was still sequestered for the federal grand jury as ordered by Judge Wilkerson, and the U.S. Attorney had sent a federal raiding party to the Lexington and Metropole hotels to seize Capone’s records. Although ostensibly over fallout from the Chicago Heights raids, Assistant United States District Attorney Daniel Anderson nonetheless asked the famous entrepreneur point-blank: “What is your business?”

“I must stand on my constitutional rights and refuse to answer anything particular about that,” was Capone’s answer. Al was charged with contempt and a warrant issued the following day. Health problems as a pretext for avoiding the courtroom had been successfully invoked by Jew-baiting magnate Henry Ford just two years earlier, but the court extended no such privilege to young Al Capone.[1] The market crashed with a record turnover of over 8 million shares on March 26, 1929.[2] Wall Street sources reported that Chicago banks withdrew substantial sums from Wall Street to meet credit exigencies in the “Middle West.” This announcement would be repeated in even stranger circumstances by Herbert Hoover before the year was out.[3]

Wall Street Journal headlines on March 27 glumly described severe declines on the “largest volume of dealings ever known.” Time Magazine chimed right in, announcing “the biggest stock market crash in Coolidge-Hoover history.” Some of the cash movement had to do with income tax payments—which back then were due March 1—and some with quarterly government financing. Indeed, call money bounced back up to 14% at the close of March. News came in of increased opium trade in China precisely coinciding with a new wave of suppression there.[4]

Judge Winslow’s impeachment was gathering steam, with attorney Isidore Kresel scheduled to conduct an investigation beginning Monday. City Trust, Lancia motors and the late F.M. Ferrari were also back in the news over a disputed note, and George McManus—Rothstein murder “suspect”—was released on bail for want of a speedy trial.[5]

Again the Journal reported that there had been a “drastic movement of funds to Chicago to replace funds called in that City by local banks.”[6] This pattern would repeat itself time and time again before 1933, yet remain a mystery to economists and financiers for the next seventy years. Just how much of the March panic was due the various forms of prohibition we may never know. We do know, however, that this record-volume stock market crash occurred well before the tariff debate had even begun and after no interest rate increases by the Fed.

Yet as the crash occurred, vigilantes closed in on Chicago racketeers, Al Capone fidgeted before Judge Wilkerson in a Federal courtroom interested in his income tax records, banks were caught financing bootleggers, League of Nations narcotics statistics reports were falling due, corporate magnates were tried without publicity or fanfare in a Buffalo star chamber and the Chicago-bound trunkful of drugs case slowly expanded into a conspiracy involving failed banks and other corporations. A pattern was taking shape.

The New York World scrupulously ignored the Illinois Alcohol trial, 73 subpoenas and all—yet covered the news of the following day’s “brief but violent tumble in stock prices.”

how credit contracts

Same day Chicago Tribune cartoon

Walter Strong, Publisher of the Chicago Daily News had visited President Hoover on March 19. Strong—together with Judge Frank Loesch of the Chicago Crime Commission—had given “chapter and verse for their statement that Chicago was in the hands of gangsters, that the police and magistrates were completely under their control, that the governor of the state was futile, that the Federal government was the only force by which the city’s ability to govern itself could be restored.” Thus spoke President Hoover, who at once gave orders that “all the Federal agencies at once concentrate upon Mr. Capone and his allies.” This was to be accomplished at once, without publicity and regardless of expense. Having thus ordered such Treasury agents as Eliot Ness and Elmer Irey unleashed upon Chicago’s shadow government, the President again turned his attention to the special session he’d been planning for Congress.[7]

If you had never heard of the March 1929 stock market crash, perhaps you have also never heard of court or financial interpreters for the Portuguese language.

[1] (Bergreen 1994 326) (Pasley 1930 73) (Lacey 1986 216-217)

[2] (Time Capsule 4/1/29 212)

[3] (WSJ 2/26/29; 3/27/29 1; 5/18/29 7)

[4] (NYT 3/31/29 III-6:2; 7/21/29 III-8:8)

[5] (NYT 2/26/29 24; 14) (NY World Almanac 1930 103)

[6] (WSJ 5/18/29 7)

[7] (Hoover Memoirs Vol. 2 277) (Myers & Newton 1936 376)

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