FATF Crashes Stock Market again!

Nothing to see here folks...

This happened during FATF week in Paris: an orgy of international asset-forfeiture plunder planning! (Source: S&P 500)

The market began wobbling February 16, then crashed violently on February 20, the day the Communist News Network began screeching and wailing about a not-really communist virus outbreak near a germ lab. So what else was happening on those days in places like… Paris? Here’s a taste: 

“FATF Week, 16-21 February 2020. On Sunday 16 February, more than 800 representatives from 205 countries and jurisdictions around the world, the IMF, UN, World Bank and other organisations, will arrive for FATF Week in Paris, France…”(link)

So what is FATF? It is the Harry Anslinger-Herbert Hoover-Richard Nixon-Bush-Bush asset-forfeiture Crash and Great Depression machine. Remember Milton Friedman in Free to Choose? In a fractional-reserve banking system, the money you deposit exists in several places as the clearing-houses compensate the instruments of money transfer. Finally it is loaned out at interest, so a lot of it is no longer at the bank.

So when federal agents with guns and blanket John Doe or Unnamed Asset warrants shove their way inside to grab cash and securities, other depositors can see the liquidity crunch coming and withdraw their assets. This reverses the leveraging of assets which–absent tax and prohibition raids–increases the money supply. The reversing result is mass bankruptcies and devaluation of assets.

Here’s what went on in Paris just before the crash: (link) Sound farfetched? Read their glossary: 

The term confiscation, which includes forfeiture where applicable, means the permanent deprivation of funds or other assets by order of a competent authority or a court. Confiscation or forfeiture takes place through a judicial or administrative procedure that transfers the ownership of specified funds or other assets to be transferred to the State. In this case, the person(s) or entity(ies) that held an interest in the specified funds or other assets at the time of the confiscation or forfeiture loses all rights, in principle, to the confiscated or forfeited funds or other assets. 

FATF was formed as soon as the Reagan-Bush-Biden prohibitionist asset-forfeiture crash deepened into a really bad recession with stock losses and unemployment. They admit this: 

The Financial Action Task Force (FATF) is an inter-governmental body established in 1989 by the Ministers of its Member jurisdictions. The mandate of the FATF is to set standards and to promote effective implementation of legal, regulatory and operational measures for combating money laundering, terrorist financing and the financing of proliferation, and other related threats to the integrity of the international financial system. In collaboration with other international stakeholders, the FATF also works to identify national-level vulnerabilities with the aim of protecting the international financial system from misuse.

Pretty shadowy and swampy, huh? And if this thing does wreck economies, who can be held accountable? Who would admit the obvious facts? How would you claim damages?

This sort of thing also happened in 1907, mainly due to new federal regulation of food & drugs and State bans on Beelzebubba’s Beer and The Demon Rum. It happened again in 1921, but was covered up by nullification, then returned with a vengeance in 1929, after Mabel Willebrandt explained, that August, what was going on on “The Inside of Prohibition,” in 20 national papers. Accelerating stock depreciation set in and investors dumped assets…

The banking panics of the Great Depression kept pace with federal indictments of yeast and glucose companies and confiscation of assets plus heavy fines measured in pounds of gold bullion–while the Coast Guard and Customs seized huge shipments of heroin that was steadily replacing beer. The federal government feigns bovine incomprehension of all this causality. 

Government spin-doctors also disavow any knowledge that the Reagan-Bush-Biden asset-forfeiture craze of 1987 had anything to do with that recession, and play dumb in sworn testimony and thick reports on the Flash Crashes. Here’s the latest one, with “market crash”, “financial collapse”, and “economic recession” nowhere to be seen.(link) Here’s a foretaste of Knife-Your-Customer snitching: 

A. CUSTOMER DUE DILIGENCE AND TIPPING-OFF.
1. If, during the establishment or course of the customer relationship, or when conducting occasional transactions, a financial institution suspects that transactions relate to money laundering or terrorist financing, then the institution should:
  (a) normally seek to identify and verify the identity of the customer and the beneficial owner, whether permanent or occasional, and irrespective of any exemption or any designated threshold that might otherwise apply; and
  (b) make a suspicious transaction report (STR) to the financial intelligence unit (FIU), in accordance with Recommendation 20.
2. Recommendation 21 prohibits financial institutions, their directors, officers and employees from disclosing the fact that an STR or related information is being reported to the FIU. A risk exists that customers could be unintentionally tipped off when the financial institution is seeking to perform its customer due diligence (CDD) obligations in these circumstances. The customer’s awareness of a possible STR or investigation could compromise future efforts to investigate the suspected money laundering or terrorist financing operation.
3. Therefore, if financial institutions form a suspicion that transactions relate to money laundering or terrorist financing, they should take into account the risk of tipping-off when performing the CDD process. If the institution reasonably believes that performing the CDD process will tip-off the customer or potential customer, it may choose not to pursue that process, and should file an STR. Institutions should ensure that their employees are aware of, and sensitive to, these issues when conducting CDD. 

Nice friendly stuff, eh? But hey, what’s another global economic crash compared with a convenient flu outbreak generating fewer fatalities than U.S. auto accidents for the same timeframe? This coming recession could easily eliminate the memory loss that sets in after each new crash and depression is explained away. Libertarian candidates could explain to voters what happens time after time, and I’ll lay odds someone will listen

Ignore it and it'll go away...

FATF Bush Crash, Obama Dems win 8 years. FATF Trump-Biden Crash?? (link)

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

Dry Killers, 2020

PERP NOT SHOWN, REDACTED

FEDERAL Prosecutor initiates deadly force against wife, self. (link)

Dry Killers was the term The Chicago Tribune used to describe government agents and their hangers-on who routinely killed unarmed boys and men in the 1920s and 30s. Anyone who thinks this is a prohibition phenomenon that’s over and done with might care to explain today’s news–or news of the past century.

Federal Prohibition and Second Amendment Kristallnacht infringement mouthpiece Timothy Delgado turned up dead just north of Folsom Prison in California, where police say he apparently killed his wife, then himself. Whether the reporting is accurate or not, it is typical of fanatical prohibitionism–which after the complete economic collapse of 1929-1933 shifted from beer, wine and Demon Rum to coercion over plant leaves and their extracts. The other big change is that big shots at the Chicago Tribune had a lot invested in alcohol precursor chemicals during national prohibition. They evidently have no such stake in Post-Nixon avatars of Satan. Fanatics infiltrating federal agencies, on the other hand, most certainly have a serious stake in the initiation of deadly force.(link)

Tribune reporters back then tracked down and reported on every storeowner, housewife and boat operator murdered in cold blood by prohibition agents. Nowadays such events are typically reported only by Reason Magazine writers. Prohibition killings are masked as “resisting arrest” and other such euphemistic camouflage, and a way is in every case found to minimize their impact on public perception. But America was not always so like a Christian National Socialist Democracy.(link)

Chicago was then and is now home to the largest glucose corn sugar plant on planet Earth. Yeast and sugar companies bankrolled bootleggers who installed refinery-grade continuous stills in bankrupt three-story mansions after The Crash. These outfits could afford to repay the political State in its own coin. This actually happened twice. In 1921-22 civilian posse comitatus‘ hunted down killers with badges as the economy collapsed, then a truce was established. The economic effect can be seen in this graph for hops, a precursor plant used to brew Beelzebub’s beer.(link

Nullification of felony beer prohibition laws

The 1923 Gentleman’s Agreement shifted enforcement away from beer until March 2, 1929, after which the economy lasted another 6 months

The truce broke down when the Klan defected from the Dems in 1928 and helped elect Herbert Clark Hoover. Prohibition related murders–including the killing of federal agents–immediately filled all the papers, and books appeared right after the Crash–itself caused by withdrawals of money from banks to avoid federal asset-forfeiture confiscation. That is a little-appreciated aspect of a fractional-reserve banking system after a looter takeover. Here is an excerpt from Before and After Prohibition, a 1930 compendium by Maryland Senator Millard Tydings:

ONE of the most shocking results of the ten years of effort to enforce national prohibition is the long record of killings by prohibition and other Federal law enforcement agents. Even among some of the strongest advocates of the “noble experiment,” there have been widespread expressions of revolt at this bloody spectacle. Information regarding many of these killings has occupied much space in the public press, and editorial comment upon them has been most denunciatory. Yet they continue—apparently an almost inevitable accompaniment of the enforcement of this law.

Senator Tydings managed to uncover some 1300 suppressed killings committed by prohibition agents that were kept out of the papers and seldom discussed–including cases of federal gangs gunning down each other! Here’s a fratricidal example from Tydings’ collection: 

George Ball and William Porter, State agents, killed in battle with Federal Revenue officers at Camp Creek, West Virginia, June 20, 1925. (Each band of dry raiders thought the others were bootleggers, and they opened fire simultaneously.)

So this pattern of superstition, pseudoscience and political asset-forfeiture looting requires the initiation of force. This in turn requires killing people so that the law is taken seriously. Who advocates these murders? The answer is politicians who, like Germany’s NSDAP, represent Christian altruism–except for the part about how “thou shalt not kill.”(link

Thus, mystical collectivist cheapening of gratuitous murder stimulates demand for revenge and counterexamples, and the sort of agents and prosecutors attracted to this line of work do not even value their own lives, much less those of others. Remember this when next you hear one of God’s Own Prohibitionists seeking to pervert the Constitution and coerce women for “the unborn.” Just as Republican and Democrat prohibition fanatics cannot see “thou shalt not kill” in a book that does not condemn enjoyable substances, just so they cannot grasp “All Persons born” in the U.S. Constitution, or the absence, nay, denial of any federal authority for enactment of sumptuary laws.(link)

Incidentally, Millard Tydings was reelected over and over and served 44 years in the Senate.

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

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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

Feeling the Bern?

Poor dissolute uncovered wretches

Bernie proposed to stop shooting blacks

Republicans cannot imagine why young people prefer plants to gin, and prefer not to get robbed and shot by police over plant leaves. The only thing positive about their God’s Own Prohibitionist’ fascist platform is its refusal–so far–to have the police arrest people for generating electric power. When the Bush executive orders resulted in not-really-christianofascist asset forfeiture orgies that wrecked the economy as in 1929-33 and 1987-92, no Republican had the honesty to admit the cause of the collapse in mortgage-backed derivatives. The cause was fanatical prohibitionist asset forfeiture looting.

Here is a video of some of the things that are wrong with Bernie’s not-really-communism…

 

No, it is not reason enough to help religious conservatives again consolidate power and again destroy the economy through prohibitionist asset forfeiture looting. But it is bad. Find out more about why voting Libertarian makes economic sense…

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

Sullum’s Drug Debate

Hippies, Blacks, Mexicans--murder them all!

Killing is the whole point of sending men with guns to kick down doors, fire on vessels and riddle automobiles with bullet-holes!

Watching Nick Sarwark get bushwhacked by the debating tactics of a libertarian-impersonating anarchist made for a sense of foreboding over Jacob Sullum debating a prohibitionist. The opening argument–that violent narcs murder and maim people–could have been copied from the 46-year-old news clipping above. (link) Sullum recited almost identical stories of brutal mayhem against bystanders and even brought up the deliberate mass-poisoning of populations by adding wood alcohol to ethanol–of which practice God’s Own Prohibitionist (a novelist and pseudoscience hack) feigned ignorance, even surprise. Continue reading

Prohibition and Finance

How many dollars flowed through the illegal liquor, beer & wine business in 1929? Historians assure us that liquor consumption did decrease by as much as 40% under the dry law. Supposing that to be true we could use 60% of the ASL guesstimate as a proxy for the volume of liquids. But making a thing illegal is one of the most effective ways to raise its price. Marijuana prices have fallen by roughly 2 orders of magnitude after decriminalization in some areas, but beer doesn’t grow on bushes.

My estimate after 20 years of gathering figures is that beverages became four times as expensive under prohibition. Applying that multiple to 60% of the guesstimated 1914 liquor total yields 4.2 billion gold dollars. But the U.S. population had grown dramatically between the night of January 16, 1920 and the unleashing of Herbert Hoover and the 5&10 law upon the corn sugar and yeast industry that produced at least 80% and possibly as much as 95% of all the illegal beverage consumed occurred in 1929. Adding the effect of the 14% population growth that decade gives $4.8 billion. So how does that dollar amount compare to the size of the U.S. economy of 1929? (Hint: it was more than the Federal budget–about 5% of GNP). The Wickersham Commission, appointed to downplay the total, came up with a slightly smaller figure. Clark Warburton, the economist who coined “Gross National Product,” came up with a slightly higher figure.

That’s right. Gangland trafficpreneurs had more income from liquor alone than the Federal Government got from corporate and individual income taxes, customs tariffs and the squeeze put on States. God fights on the side with the biggest budget, so of course repeal won, thanks to the Liberal Party repeal plank.

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