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

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

North Carolina LP Growth

Roe v Wade Libertarian victory

Pro-choice NC Libertarian Party performance

by Brad Hessel, copied from their Facebook page
Another year, another new all-time record for the Libertarian Party of North Carolina.

In a year in which the number of registered voters overall in NC declined by 4%—due to the usual off-election year purge of inactive voters—the number of registered Libertarians edged up 3% to a new all-time high of 39,631 as of the end of 2019. In contrast, the number of Democrats declined 7% year-over-year, Republicans lost 4%, and even the number of independent (“unaffiliated”) voters declined by 1%.

The 2019 purge was the second biggest in the last 26 years (as far back as our annual data go), exceeded only by a 5% reduction in the voter rolls in 2001. The declines were the worst ever for the Ds, second worst ever for the Us, and tied for second worst for the Rs during that time span. It was also the slowest annual growth rate recorded for the LPNC (excepting the three years we were off the ballot, the number of registered Ls in NC has never declined year-over-year).

Bucking the trend were the two new parties: the number of Green party members was up 90% in 2019 to 1,938 and the Constitutionalists did even better, up 217% to 2,786. The Greens—who had a head start in 2018—started the year ahead of the Constitutionalists, but are now decidedly eating the latters’ dust.

Looking at the entire quarter century, the LPNC continues to lead the pack with a robust compounded annual growth rate of 14% compared to 8% for independents, 2% for Republicans, and 1% for Democrats. The Rs and Ds are consistently failing to keep pace with the overall 3% CAGR for the number of voters. The Democrats have grown slower/declined faster than the overall number of voters 25 out of the last 26 years, only beating the average in 2008 thanks to Barack Obama. The Republicans have beaten the average 11 times…but their last win was in 2004 and they are currently on a 15-year losing streak.

Overall, the percentage of voters registered as either D or R—the “Ubinger rating”—fell to an all-time low of 66.58% at the end of 2019, down (as it has been every year for 26 years in a row) from 91.87% in 1993. ***

Libertarian organizations like the NCLP are what brought us the pro-choice hockey stick vote share growth tracked by Fisher-Pry and other logistic growth curves.

History shows us that a growing small party gets its platform plagiarized by both halves of the entrenched kleptocracy. Every time votes flow away from a decayed and derelict political party, its swineherds get the message no amount of self-deception can distort.  Laws change as a result. The technical term for causing the looters to change bad laws is winning.

Find out the juicy details behind the mother of all economic collapses, and how its causes changed the laws. 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

Tarbrushing the LP.org

Bottom right corner: party stresses what could be termed… anarchy.

With friends like The Cavalier Daily, who needs the Nixon anti-Libertarian Law? Here is the typical looter media coverage once Nixon’s party began handing out baskets of money for smearing the LP. Abortion (which our platform legalized), and ride-sharing (before Lyft or Uber even existed), and marijuana relegalization–are all there… plus the obligatory tarbrush association with bomb-throwing communist anarchists. Here is a typical communist anarchist–what Republicans want you to think of when you hear “Libertarian”.

Keep repeating it. --Josef Goebbels

Keep repeating it. –Josef Goebbels

Democrats, which now include the CPUSA by its own proclamation, want you to think fascist Republican when you hear the word Libertarian. Both these parties have infiltrated the LP and added idiotic nonsense to our platforms, and by elision made the 2016 Migration plank into a liability.

Observe in the article MacBride’s reference to rideshare services 33 years before Uber or Lyft even existed. Republicans–for whom asset-forfeiture confiscation of cars, coupled with legal fees and fines are a source of income–do not want you thinking about how Libertarians advocated the concept of voluntary rideshare technology as a way for peoples to move past the G.O.Police state. I’m eager to bet money that no republican or democratic candidate will mention that on camera or in writing.

Nor will you find republicans or democrats pressing forth with convincing pitches that Prohibition making beer a black felony on March 2 1929 had nothing to do with the Crash and the Great Depression. Prohibition and The Crash–Cause and Effect in 1929 is live on Amazon Kindle for the cost of a pint of craft beer.

Prohibition and The Crash, on Amazon Kindle

Brazilian blog

Words you can dance to

Clarity isn’t oversimplification

 

Texas: No negro or libertarian voters

The NEW Whites Only

Individual Rights need not apply! See the original newspaper…

The Democratic Party of Texas would not allow blacks to vote in its primaries in 1932. Not, that is, until the Supreme Court slapped its wrists with a ruling that the 14th Amendment and 19th Amendment also applied to the Lone Star State, Klanbakes at the State Fairgrounds to the contrary notwithstanding. The case was Nixon v. Condon:

Executive Committee of the Democratic Party in Texas adopted a resolution that only white Democrats should participate in the primary elections, thereby excluding Negroes.

Here we are, 87 years later, and the Richard Nixon Anti-Libertarian Law still subsidizes those same entrenched political parties. It therefore follows, as night follows day, that their earlier strategy will be repeated–though ballot access–against the only party that seeks to repeal prohibition laws that have been a tool of racial collectivism since coercive prohibitionism first reared its ugly gun.

This is the confession that what antichoice Republicans fear is competition. Here’s hoping I can count on your vote to oppose this repetition of a bad mistake.


Now fortified with international coverage!

Looter Media Attacks

Intellectuals of the looter persuasion are quoting Eric Trump as if their cynicism could modify his observation:

“That’s been the playbook in our government for so long: distract, disrupt, hurt, bash, defame, do whatever you can for your own political gain. It’s sad that we don’t have more morals or character or whatever it is.” —Eric Trump

The rough-and-tumble at issue became serious because just as the Libertarian Party was forming, Nixon’s National Socialist Congress passed the Anti-Libertarian Campaign Bribery law of 1971.  Two decades later,  a non-Kleptocracy candidate had this to say about the way the Altruist Broadcasting Corporation, Nationalsocialist Broadcasting Corporation and Communist Broadcasting Service (the dirty tricks guys) were attacking him in October of 1992:

Yes Ross Perot helped the entrenched looter kleptocracy divert voters away from the Libertarian Party. He was repaid in government cash subsidies taken out of the pockets of many honest working people who would rather not coerce anyone.  Perot reinforced the superstitious ignorance that caused These States to export brutal prohibitionism to South America, confident that would destroy the economies of Brazil, Colombia, Ecuador and Bolivia while setting up a fascist dictatorship in Peru. It is true that Reagan Administration manipulation of prohibition and tax laws did wreck a prohibition-created source of cash then fueling communist expansion. But the process corrupted the entire Mexican government into a huge 1930s Chicago.

Spoiler votes cast for Ross Perot unfrocked the more fanatical zealots the way The Liberal Party platform had in 1932. Perot’s spoiler votes reversed deficit spending and led to a surplus just as George Wallace spoiler votes turned Republicans into ku-klux Dixiecrats before the election subsidies law. The Clinton years were prosperous thanks mostly to the policy changes caused by Ross Perot spoiler votes. The looter press, naturally, thanked The Kleptocracy.

So yes, Eric Trump, you observe correctly, and you can do something to improve the situation. Vote Libertarian in the mid-term elections. Tell fake media that the Nixon Media Subsidies to favor the entrenched parties have polluted democracy. Come clean, follow Dad’s good example and say: “Libertarianism? I like it!” The LP platform, the one that got your Dad the nomination, takes less than half an hour to read. Borrowing our energy and Second Amendment planks landed you in the White House. I’m hoping I can count on your vote NOT as a token of appreciation. We both want back the cleaner elections we had before Richard Nixon altered the tax code to subsidize the initiation of force and undermine American morality.

“I like it. A lot of good points…” Those words guaranteed that the desperate, destitute and dishonest Gee Oh Pee urinalysis party would nominate Donald ten months later. That got Republicans government jobs, paychecks–and opportunities to have younger men violently put to death on both sides of the planet.  Three will get you five that that looter cartoonist will not quote your mention of the LP on his mudline fed by subsidized media pets.

If you need unsubsidized, competitive translations of laws, court decisions, testimony or decipherment of political speeches, come to Portugueseinterpreter.com. And for handcrafted certified immigration documents from Spanish and Portuguese to English and English into Brazilian Portuguese, visit http://www.braziliantranslated.com or http://www.juramentada.us

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

 

Lessons of Political Economy

You can’t can peas without a can. But when the price of steel is high, you can set up a simple math problem to minimize the amount of steel per volume of peas. Anyone interested in freedom can also minimize the addition of coercion into the laws made in defense of individual rights.

Read the original article…

When I first encountered the LP in 1980, it took awhile for their main preoccupation to sink in. To libertarians, they explained, the initiation of force is like the price of steel. You set up equations and logical solutions that minimize the initiation of force, just as canners know how to minimize the surface area of a can of peas. As the initiation of force approaches zero, freedom (by definition) is increased and, consequently, wealth and life-worth-living multiply apace.

Introducing the LP

Mike Grossberg, U. of Texas Libertarian, 1980

Now that the LP wields as many votes as the State of Virginia, looter parties are confronted with pawn power on the chessboard in the form of LP spoiler votes. Each entrenched looter party now has to repeal aggressive laws or lose because of libertarian spoiler votes. If either entrenched party fails in this task, more libertarian spoiler votes are cast. In the looter frame of reference, every such vote greatly increases the risk that the other looter party will win and snatch away “their” boodle and commandeer “their” armed goons. That’s third-party reality, and ignoring it won’t make it go away.

Both kleptocracy parties go to great lengths to trick voters into giving them the sanction of the victim. They make up fake names, for instance. Mystical bigots who in 1918 were monarchists, prohibitionists, and theocrats now call themselves  “conservatives.” Factory-confiscating communists who in 1918 called themselves “socialists” today prefer the cognomen of “liberals.” Liberal is what parsimonious low-tariff mercantilists answered to back when communists called them “plutocrats,” “capitalists” or “The Accumulation.” That gradually changed, primarily through the efforts of the Fabian Society and Norman Thomas:

“The American people will never knowingly adopt socialism. But, under the name of “liberalism,” they will adopt every fragment of the socialist program, until one day America will be a socialist nation, without knowing how it happened. I no longer need to run as a Presidential Candidate for the Socialist Party. The Democratic Party has adopted our platform.” ― Norman Mattoon Thomas

Socialists and theocrats, who after 1939 claimed that Adolf Hitler “wasn’t really” a socialist OR christian and that catholic and lutheran clergy “never really” helped the National Socialist Third Reich, loudly claim Thomas “never said” such a thing. Fine. The statement is no less true (if one expects truth from looters) and there is an undisputed equivalent by a contemporaneous intellectual of the looter persuasion:

The American People will take Socialism, but they won’t take the label. I certainly proved it in the case of EPIC.* Running on the Socialist ticket I got 60,000 votes, and running on the slogan to ‘End Poverty in California’ I got 879,000. I think we simply have to recognize the fact that our enemies have succeeded in spreading the Big Lie. There is no use attacking it by a front attack, it is much better to out-flank them. –Upton Sinclair, circa 1934

After Soviet Russia self-identified as a non-religious state, as the United States had in the Treaty of Tripoli, a schism developed between christian nationalsocialists and lay socialists. The Hoover Administration would not recognize the Soviet government. Because this Treaty of Tripoli is disputed and denied by christian national socialists, I include here Article XI  from my original 1910 version of Treaties, Conventions, International Acts, Protocols and Agreements Vol II p 1786:

ARTICLE XI: As the Government of the United States of America is not in any sense founded on the Christian Religion; as it has in itself no character of enmity towards the laws, religion or tranquility of Musselmen; and as the said States have never entered into any war or any act of hostility against any Mehomitan nation, it is declared by the parties, that no pretext arising from religious opinions shall ever produce an interruption of the harmony existing between the two countries.

The contest between Liberals, Socialists and Organized Mysticism has–with little change of meaning–morphed into a three-way contest between Libertarians, lay international socialists, and religious national socialists. Libertarian spoiler votes are reversing those rights-destroying trends of the 1890s to 1990s by repaying them in much the same coin. Populist spoiler votes in 1892 set them in motion in the first place, and George Wallace spoiler votes in 1968 accelerated the process.

Simply put, the philosophical teachings of Ayn Rand–put in writing in 1947 as National Socialists were put to death for altruist genocide at Nuremberg–have replaced altruist conditioning that favored the initiation of force. Consequently, the Libertarian Party, founded on sympathetic principles, has replaced all looter parties as the prime mover for change.

The leveraged clout of libertarian spoiler votes is changing laws even more efficiently than the communist-socialist-populist spoiler votes of a century ago. Libertarian success is not a mater of putting “our” politicians on government payrolls. It is the result of giving voters a way to express their preference for freedom in terms no political party dares to ignore. –Hank Phillips

*EPIC: Eliminate Poverty in California, a precursor to LBJ’s War On Poverty and other things.

If you need immigration documents translated in order to escape from some altruistic People’s State into libertarian-friendly America, check out Amigra.us, Juramentada.us or Brazilian Translated.

Why not delve into the failure of Prohibitionism that caused the 1929 Crash? Prohibition and The Crash–Cause and Effect in 1929 does exactly that, matching newspaper accounts against stock market reactions and competing theories. It is live on Amazon Kindle for the price of a pint.

My other-language blog is amigra.us

The Portuguese edition of my book on the Crash is also available on Amazon.

ALeiSeca0619