Biden, Asset Forfeiture, Crash

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Biden’s 1986 prohibition fanaticism helped crash the economy in 1987

September 30, 1986 CONGRESSIONAL RECORD – SENATE S 14289

Mr. BIDEN:… On the supply side, this package provides for stronger new penalties for most drug-related crimes, including mandatory minimum penalties for the kingpins of the drug syndicates and for those who sell their poisons to our children. In addition, this package contains provisions aimed at striking at the financial underpinnings of organized crime and drug trafficking syndicates, through the use of forfeiture of substitute assets provisions and a new crime against money laundering, both of which will assist law enforcement agencies in seizing the proceeds of drug traffickers.

Finally, in regards to domestic law enforcement, $115 million is provided to directly assist State and local law enforcement agencies for drug law enforcement. Most of the fight against drug traffickers is waged, not by the federal government, but by State and local agencies who are all-to-often out manned and out gunned by the drug dealers and smugglers. These moneys will provide desperately needed funds to such agencies to assist in their efforts.

In addition to combating drug trafficking in the streets of our cities and communities, we must also stem the flow of drugs across our borders. This bill increases by one-third the current level of funding for interdiction at the border, including additional personnel and equipment for the Coast Guard and the Customs Service. Moreover, this bill assigns Coast Guard law enforcement teams to Navy ships to bring the Department of Defense more actively into the fight against drug trafficking.

This legislation also provides for supply reduction efforts on the international side of the drug control equation. Almost $75 million is provided for additional crop eradication and substitution programs, including funds for operations like that conducted recently in Bolivia, where the cocaine processing networks have been significantly disrupted.

In addition, this legislation revamps present law governing foreign assistance, favorable U.S. votes and multilateral development banks, and generalized system of preferences tariff benefits to narcotic producing and narcotic transit countries. Under these provisions, benefits will be denied all major illicit drug producing countries, unless the President certifies each year that the country is cooperating fully with the United States in combating narcotics production, trafficking, and narcotics money laundering. This combination of increased assistance and narcotics-related sanctions will provide important new incentives for drug producing countries to cooperate fully with the United States and clearly focus our foreign-policy efforts to decrease the supply and distribution of drugs and the international community. /Biden

***

This law became effective 90 days (one quarter) after it was passed. Federal financial bureaucracies define a recession as a decline in GNP over the space of two successive quarters. So this prohibitionist drug law passed and was signed by Reagan October 27, 1986 and only after another three quarters, on August 27, 1987, would any federal notice be taken of its prompt economic effect.

The Federal Reserve Board met August 18, 1987 and on August 22 Dow Jones Industrials stood at 2700 (up 40%, with commercial real estate a froth–according to Greenspan). On September 10, 1987, came Reagan’s White House Conference for a Drug-Free America, and the following day all VA employees had to take drug tests or be fired. Less than two weeks later, NYT headlines blared: BIDEN BLAMES FAULTY MEMORY FOR STATEMENTS.

Confiscatory prohibitionist fanaticism will do it every time!

On Friday, October 16, 1987, the Dow Jones average dropped 108 points. On October 19, 1987, Black Monday, in 6 hours the Dow Jones Industrial Average of 30 Blue Chip Stocks fell 508 points (23%). This, 33 years ago, was a larger loss than on Black Friday in 1929.

Hearings were held October 27, 1987 on Federal Anti-Drug Abuse Policies featuring Audits and Coast Guard personnel. The previous day the DJIA fell another 8%. These events are similar to what happened in 1929 when beer, not cocaine, was the addictive narcotic. The George Waffen Bush crash in 2008 also occurred in a frenzy of prohibitionist asset forfeiture. Buy my book, Prohibition and The Crash and get the inside story on how confiscation weakens a fractional reserve banking system.

This is your 12th chance to vote Libertarian or sanction additional coercion. Which will it be? 

Make your vote MATTER for a change!

She’s with Us!

Brazilian Sci-fi from 1926 featuring the usual beautiful daughter of a scientist touting prohibition and racial collectivism in America’s Black President 2228 by Monteiro Lobato, translated by J Henry Phillips (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…

The Looter Kleptocracy has evidently pressured media companies such as WordPress to make blogging as difficult as possible before the election. Twelve million libertarian votes would go a long way toward removing new impediments to blogging and restoring the usual formatting tools.

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World Health? FATF Crash?

FATF Week in Paris… Why the Market Crash?

Who makes decisions about financial intervention and World Health?

According to WHO (The World Health Organization), contributions from the U.S. government, American citizens, and U.S.-based charities make up 76% of all voluntary contributions to the organization. That amounted to $945.6 million from 2016 to 2017. 

This is pretty close to what Tucker, the narrator over at Fox News has to say.(link) His story checks out. In fact just about everything national socialist “conservatives” say about international socialist “progressives” (and vice-versa) is as close as either gang ever comes to saying anything true. The puppet FOX claims the Chinese dictatorship has propped up at the WHO (who send men with guns to shoot and jail kids because of plant leaves) is clearly pathetic.(link) But to the Chinese dictatorship he’s “our” pathetic stooge. Who else does Red China have shaping policy?

Bank of Communist China

Meet the new FATF President, Xiangmin Liu, and the coercive agenda-framers’ veep Marcus Pleyer. A communist Chinese dictatorship puppet and an ecological National Socialist from former communist soldier Merkel’s Democratic Republic of Antifaschistischer Germany.(link) Here are China’s policies😦link) 

• Under the Chinese Presidency, the FATF will continue to… work on confiscation
• under the Chinese Presidency the FATF will conduct a strategic review of its core work.
• Under the Chinese Presidency, the FATF will develop the methodology for countries to be assessed against the standard for virtual assets…
• Financial institutions continue to attract attention for the wrong reasons and find themselves the focus of increasingly large-scale money laundering as highlighted by investigations and sanctions by law enforcement agencies and supervisors.
• The FATF will continue to strengthen the capacity and effectiveness of criminal justice systems, including the investigation and prosecution of money laundering

Prohibitionists routinely cause financial collapses via asset forfeiture enactments, and when they do, the Republican Party they infiltrate and poison loses several successive presidential elections. China noticed this weakness. This latest crash came during FATF Week in Paris.(link) These bureaucrats design the deliberate looting of bank accounts, and crash economies as in 2008, and cause flash crashes.(link)

As soon as the latest FATF Crash needed to be explained away, subsidized media rushed into print with the 3-month-old communist lab virus no longer profitable to ignore. The FATF Week meeting was covered in Pakistani and Iranian media–and few other journalistic news outlets. 

The U.S. President ought to investigate FATF and declaw it. Charging the communists reparations for their germ lab accident could be an additional step. The simplest method would be to use the asset-forfeiture FATF itself recommends to seize the Treasury Bills in Chinese communist hands. What better way to combat terrorism?

When it comes to votes, either way, this crash and depression will arguably benefit the Libertarian Party, just as the 2008 Bush FATF crash helped us increase our vote share by 328% from 2008 to 2016. While the economy was recovering from the previous asset-forfeiture crash, medieval prohibitionism of plant leaves and contraception could be overlooked. But prohibitionism is the weakness in America’s mixed economy totalitarians have learned to exploit.

Before the George W. Bush asset-forfeiture Crash

LP votes AFTER the 2008 asset-forfeiture Crash!

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…

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What caused the 16 Feb Crash?

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…

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YES WE CAN SAY NO!

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)

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.

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…

1988 Great Depression, 1929 Remake

Denial that prohibition caused ANOTHER Crash!

Republicans and their Democratic abettors pretended the 1920-22 Crash and Depression were happenstance—nothing whatsoever to do with a Constitutional Amendment ending the freedom of trade and production. Those closest to the public–smugglers and bootleggers–simply ignored the dry laws, and paid cops, agents, prosecutors, inspectors and judges to help them ignore them. Freedom from coercion was bought and sold like any other commodity in a mixed-economy market.

Realists understood perfectly that coercive meddling had precipitated the Crash and plunged the nation into a Depression at the onset of Constitutional Prohibition. And sure enough, nullification of the dry looters’ laws enabled the economy to recover in fairly short order. But God’s Own Prohibitionists were far from pleased. The Great Unwashed was treating them with the sort of irreverence Andrew Jackson had displayed toward the Supreme Court’s Chief Justice: “Now let’s see him enforce it.”

Goodbye Weimar, hello Third Reich!

Battalions of brutes with service pistols and political will could, they imagined, secure “real” prohibition enforcement. Sheer murderous mobilization had, after all, served to Hooverize and throttle the Accursed Hun in 1918, had it not? So the Jones Five and Ten Law was handed to Herbert Hoover to wield as bludgeon, bayonet and blackjack. Former prosecutor Willebrandt published the complete arsenal of government weaponization in a book-length column in August and September in some 2 dozen papers, and the economy went from recovering to ruined in 12 weeks.

Suddenly, amid the wreckage of the Crash, Senator Jones Law Jones–the very incarnation of the Methodist White Terror–was running the G.O.P.  Senator Robinson, remanded to the Sahara of the Bozarts, was replaced at the Dem helm by impecunious-immigrant-turned-gold-magnate Walsh. Walsh was father of Evalyn “Hope Diamond” Walsh McLean, a hard-drinking morphine addict once best friends with the Late President Warren Harding, and married to Edward McLean, newspaper magnate nearly arrested for lying to protect a former cabinet officer in the Teapot Dome.

Events in 1987 followed the same pattern. Mystical prohibitionism ramped up until the economy crashed in 1987, then retrenched with increasing fanaticism until voters had no choice but to throw the bastards out.

Prohibition kills economy; government adds MORE prohibition! (link)

The article says:

WASHINGTON (AP) – faced with a revolt by conservatives, congressional leaders attached anti-obscenity provisions to a compromise drug bill so the measure can pass and the 100th Congress can go home.
A weary House Speaker Jim Wright predicted Thursday night that both houses would approve the leaders’ “final agreement” on the drug bill today, but cautioned that the obscenity language could not be “nailed down” until lawmakers reviewed it. The bill is the major legislation keeping Congress in session.
After marathon meetings by rank-and-file negotiators, Wright along with the majority and minority leaders of both houses – gathered to tackle the unresolved issues Thursday night.
The thorniest among them proved to be Senate-passed language to give the federal government broad new powers to combat obscenity.
Earlier in the day, rank-and-file lawmakers stripped the language from the drug bill after liberals insisted the government’s powers would be too broad.
“We were threatened with a revolt” by conservatives, said right, who admitted he began envisioning an embarrassing floor fight that would destroy his effort to unite liberals and conservatives, Democrats and Republicans, behind the bill that could help all incumbents.
A coalition of conservative groups began an intense last-ditch telephone campaign to win inclusion of the anti-obscenity provisions, said Diane quarter main, legislative affairs director of the Liberty Federation, formerly the Moral Majority.
The bill – which would authorize some $2.5 billion in new anti-drug money, is an ambitious attempt to deal with all aspects of the drug problem, including law enforcement, treatment, rehabilitation, education and help for authorities in drug-producing countries.
New initiatives would include up to $10,000 in civil fines for those caught with personal use amounts of drugs; a federal death penalty for killers in drug -related crimes; and denial of some federal benefits to convicted drug offenders, including users.
A number of lawmakers cautioned the drug bill would be meaningless without new financing, and the House Appropriations Committee took quick action Thursday.
The panel approved $500 million in new spending for the drug bill, an amount that would pay for barely a third of the estimated $1.4 billion first-year costs of the legislation. The final cost is expected to be about $2.5 billion if the multi-year measure is fully financed. The $500 million includes: $242 million for treatment, prevention and education; $179 million for new agents and equipment for federal law enforcement agencies; $42 million for the federal courts; $25 million for the Coast Guard; and the rest for programs of the departments of State and agriculture, and the FDA.
A combined bill to combat adult obscenity and child pornography had passed the Senate 97-0 previously, and was added to the drug bill when the House refused to take action. The child pornography language was approved by the drug bill negotiators.
The obscenity language passed by the Senate would allow the federal government to seize property used to commit or promote and obscenity offense; and authorize the government to seek civil fines against those producing, transporting or receiving obscene materials. Wright said the leadership agreed to target only major dealers or producers of obscene materials who were “knowingly engaged over a long period of time.” He said the language was not aimed at the bookstore owner who may have a single volume judged to be obscene.
He called the language “constitutionally respectable and acceptable.”
Lawmakers opted to accept portions of House and Senate language on a program to deny federal benefits to convicted drug offenders, including those convicted of possession.
Benefits such as federal public housing, grants, contracts, loans, mortgage guarantees, and some forms of veterans’ aid could be lost to drug offenders. Judges would have discretion, however, on whether to impose the penalty after conviction.
the president would submit a report on the program to Congress next May, allowing lawmakers to reconsider the proposal. No one could be denied benefits before next September. Social Security, Medicare, welfare benefits and some other veterans’ aid programs would be exempted even after September.
Negotiators agreed that if someone is killed during a federal drug felony, the federal death penalty could apply if: the killer was engaged in a continuing criminal enterprise; was trafficking in major amounts of cocaine, heroin or other drugs; intentionally gave an order that resulted in a killing; or killed a police officer.
In other key decisions, negotiators:
– agreed to create a “drug czar” in the president’s Cabinet, to coordinate national drug policy. The official would develop plans for every phase of the drug war, share with relevant Cabinet heads the authority to transfer personnel, and have the right to object when he believes drug funding is inadequate or misdirected.
Dropped a house provision that would’ve permitted introduction in federal court of evidence seized illegally, but in “good faith,” even in warrantless searches.
Accepted Senate language on child pornography, including a 20-year-to-life prison term for anyone convicted of facilitating use of a child for producing sexually explicit materials.
Gave the Justice Department nine months to develop a system for gun dealers to check whether purchasers are convicted felons.
Agreed that records of those punished by civil fines would be expunged automatically after a period of time.
– resolved that states initially would have to contribute 25% of the cost of federal grants for anti-drug crime programs. After the first year of the four-your program, the state portion would go to 50%. [Enter Bush Junior faith-based asset forfeiture Executive Order, which by 2008 would again wreck the economy]
– agreed to restore to US attorneys the ability to prosecute corrupt public officials under the theory that they deprived Americans of honest government services. A Supreme Court ruling in June 1987 had prevented such prosecutions.
– Agreed to finance drug education programs for private employees, low income pregnant women, gang members, students, and dropouts.
– Decided to drop proposals for random drug testing of transportation workers.

Get the complete story in Prohibition and The Crash on Amazon Kindle in two languages. After this you’ll be able to explain to economists exactly how fanaticism and loss of freedom wrecked the U.S. economy.

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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