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Investigations into former FBI director James Comey, and into previous FBI director Robert Mueller (now the Special Counsel trying to take down President Trump) show astounding conflicts of interest

Investigations into the financial holdings of James B. Comey and former FBI Director Robert S. Mueller reveal astounding conflicts of interest. These relationships absolutely should have stopped them from being offered the top law enforcement job in the country.

Comey was the FBI director since 2013 when he replaced 12-year director Robert S. Mueller — who was chief counsel for London-based bank HSBC which was exposed in 2015 for sheltering $100 billion in client funds in murky offshore tax havens populated by drug dealers, money launderers, and arms traffickers.

Comey also served as chief counsel for Bridgewater Associates, the largest hedge fund in the world. In 2012, Comey’s Bridgewater salary was $6,632,616 just before taking over the helm at the FBI. In his first year at the FBI, he received another $3.3 million in Bridgewater severance cash outs. A year later, his net worth jumped up to $34 million. Comey also disclosed direct holdings in IBM Eclipse Foundation members: Verizon, Intel, Emerson Electric, Microsoft, Qualcomm, AT&T, Apple, HP, Morgan Stanley, Lockheed Martin, JPMorgan, Wells Fargo, none of which has ever been disclosed or caused him to recuse himself in any legal matter.

Comey was a director of the London money launderer extraordinaire, HSBC. Even the Clinton Foundation website boasts about HSBC donations. This fact alone disqualifies Comey from involvement in any Hillary Clinton investigation.

Comey and Mueller both completely corrupt

Mueller held Defenders Multi-Strategy Hedge Fund LLC and Mellon Optima L/S Strategy Fund LLC. These “funds of funds” invest in other’s hedge funds. Mueller’s exclusive funds were not open to the public. The minimum investment in several of the funds of funds is $10,000,000. But as HSBC whistleblower Hervé Falciani revealed in 2015, many are secret havens for money laundering, arms trafficking, and tax evasion.

Both Mueller hedge funds were managed by Mellon Bank of New York (BNY). No less than ten (10) BNY directors were shared between Mueller’s Defenders and Mellon Optima funds. Tellingly, the FBI never prosecuted any of these BNY Ponzi schemers associated with Mueller’s defenders hedge fund or Comey’s actions with Bridgewater.

Even while U.S. Attorney in San Francisco, Mueller worked to cover-up the Oklahoma City bombing, Waco, and Ruby Ridge evidence by changing the rules of evidence so that the FBI and prosecution did not have to share as much evidence with defense attorneys in the cases as would have been required in the past. He changed the Brady rules of evidence in concert with the U.S. prosecutor Beth Wilkinson in the McVeigh and Nichols case who had assumed a position in the same department at Department of Justice that Mueller had worked earlier.

Mueller was brought into D.C. to head the transition team for Ashcroft, whereupon he proceeded to steer Ashcroft through the cover-ups by FBI and DOJ on the Oklahoma City bombing case. Mueller did such a superb job that Ashcroft personally nominated Mueller to Bush for FBI director to help perpetuate the FBI and DOJ cover-ups of Waco, Ruby Ridge, and the Oklahoma City bombing.

Mueller was also involved in covering up the Noriega, BCCI, and BNL banking scandals of Bush Senior. Mueller worked closely at several points with Larry Potts, the former Deputy Director of the FBI, who was kicked out of the FBI for lying about the FBI having Vickie Weaver murdered.

Congress investigated Mueller’s and the FBI’s handling of memos from FBI agents Coleen Rowley and Ken Williams before the 9/11 attacks about the Bin Laden and Al-Qaeda connections to hijacker pilots training in the U.S.  Mueller’s ties to the Saudis and BCCI are especially troubling because the FBI had been ordered not to investigate Saudi businessmen, Saudi Royals, and government officials that had been backing Al-Qaeda, Hamas, and Bin Laden in their efforts to attack the U.S.

Mueller was Acting Deputy Director of the DOJ from January through May, went home for a month, and was then nominated to head the FBI. The Judiciary Committee and the Senate acted on Mueller’s nomination and within 2 weeks he was confirmed, but then it took over a month to swear him in as FBI director, just in time for the 9/11 attacks creating plausible deniability for the new director.

Comey’s FBI and Lynch’s Justice Department always stubbornly refused to prosecute heinous criminal acts of the Obama Administration. America, and especially Washington D. C., has become LAWLESS.  Comey is the King of Lawlessness in America.  Here is a short list of unprosecuted crimes that Comey ignores or outright supports.

  • Hillary Clinton Benghazi gun running
  • Ambassador Steven’s death
  • Eric Holder’s Fast and Furious gun running
  • Hillary’s private server espionage and treason
  • Bush and Clinton bank bailouts
  • Bombing seven sovereign nations without congressional approval
  • Obama’s IBM Eclipse Foundation’s social networking patent theft
  • James Clapper’s illegal NSA/CIA/FBI surveillance and his perjury before Congress
  • Obama’s energy company subsidies
  • Obama’s misuse of banker fines to support liberal activist groups
  • Obama’s theft of Fannie May and Freddie Mac
  • Obama’s IRS targeting of conservatives
  • Obama and Clinton’s confiscations from the Bureau of Land Management
  • Planned Parenthood eugenics and baby parts trafficking
  • Gold, silver, and LIBOR rate rigging
  • Ignoring “missing person” reports and supporting human trafficking
  • Clinton Foundation theft of $2 billion under the guise of a Presidential Library fund
  • Hillary taking money from foreign nations while Secretary of State
  • Maintaining open borders and sanctuary cities
  • Refugee trafficking and fraud
  • Allowing overstayed visas of more than one million people
  • Non-enforcement of existing immigration laws

It would take too much time and too many pages to make a complete listing of the Comey crimes that are well known. The scarier fact is that this list of 18 crimes is only the tip of the iceberg. These are just the crimes that are internet-available, and Comey is great at hiding details. Several of these crimes are some of the largest rip-offs of the America people in U.S. history.

It is well known is D.C. circles that Lockheed Martin is the military’s place to launder money for the Department of Defense and the CIA. Some say the missing $6 -10 trillion dollars from Pentagon accounting is shuffled through Lockheed Martin which can simply keep false inventories of fighter jets and hide hundreds of millions at the time. Just count the number of planes the government pays for, and then count the number delivered, and you will find the missing money. Each B-2 bomber cost $2 billion.

This list of Comey’s crimes ranges from “fixing” D.C. insider law suits to defending the biggest criminals in the world – the rogue CIA bankers who use HSBC and many other “CIA gold-backed banks” to conduct the business of the “company.”  The “company” is the inside name for the CIA whose job it is to maintain a destabilized geopolitical atmosphere where warlord bankers and brokers make huge profits from war-mongering.

Comey’s actions show that he is not an honest U.S. citizen. His actions are those of a traitor whose treasonous actions against the rule of law, the U.S. Constitution, and the U.S. Bill of Rights must be acknowledged and brought to justice. Comey belongs behind bars as you can see by the crimes shown below.

Patent Theft and Insider Trading.  Comey was general counsel at Lockheed Martin and is an active IBM Eclipse member. Comey and Lockheed were complicit in the patent theft of social networking and later using insider trading information to manipulate stocks.

Fixing Hillary Clinton’s Email Espionage.  In fact, the email server “probe” marked the third time Comey has investigated Bill or Hillary Clinton and found them innocent even before a formal investigation was conducted.

Fixing Clinton Whitewater Investigation.  In the mid-1990s, Comey joined the Senate Whitewater Committee as a deputy special counsel to investigate allegations that the Clintons took part in a fraud connected to an Arkansas real estate venture gone bust. No charges were ever brought against either Clinton thanks to Comey.

Fixed the Pardon of Robert Palmer.  In his last days in office, Bill Clinton pardoned 450 people. One of those pardoned was Robert Palmer who pleaded guilty for his part in the Clinton’s “Whitewater” scandal.

Fixed the Pardon of Marc Rich.  Marc Rich fled the U.S. to Switzerland to evade $100’s of millions in taxes on his commodity trading profits.  Rich’s ex-wife Denise made donations to the Democratic Party, the Clinton Library and Hillary Clinton’s 2000 Senate campaign as part of a plan to get Rich off the hook.

Failed to Recuse Himself.  Comey himself had overseen Rich’s prosecution between 1987 and 1993 so he should have recused himself from an investigation of Rich or Clinton.

Fixed Hillary’s Vote Rigging.  In 2002, Comey was the United States attorney for the Southern District of New York and was investigating a case involving the Clintons and suddenly, with very little explanation, closed the case. The case was concerning the infamous New Square Four, who were convicted of bilking the government out of tens of millions of dollars.

Fixed Clinton’s “Donations for Pardons.”  Comey oversaw the criminal investigation into the 176 last minute pardons that Bill Clinton made on his last day in office. Many of the pardon recipients, including Rich, had donated to Hillary Clinton’s 2000 Senate campaign and to Bill Clinton’s presidential library. Comey found no criminal wrongdoing.

False Accusations about Khobar Towers Bombing.  Comey lead the team of investigators who determined that Iran had bombed the Khobar Towers in Saudi Arabia.  Later it was found that Al-Qaeda was responsible. This false accusation was much in line with Mueller’s false accusation that Al-Qaeda was responsible for the 911 attacks.

Fixing Clinton’s Part in 9/11.  In 2004, Comey as Attorney General of the Justice Department limited the scope of the criminal investigation of Sandy Berger, which left out former Clinton administration officials who may have coordinated with Berger in his removal and destruction of classified records from the National Archives. The documents were relevant to accusations that the Clinton administration was negligent in the build-up to the 9/11 terrorist attack.

Fixed the Sandy Berger Theft.  As Deputy Attorney General, Comey was involved in the investigation of Sandy Berger who removed classified documents from the National Archives that should have been turned over to the independent commission investigating the 9/11 terror attacks. Berger pleaded guilty to a misdemeanor charge and was fined $50,000.

Fixed Clinton’s Continued Use of Berger.  Messages found stored on Clinton’s private email server show that Berger – a convicted thief of classified documents – had been advising Clinton while she served as secretary of state and had access to emails containing classified information. Comey did nothing about it.

Illegal Surveillance of Americans.  In 2006, Comey refused to certify the legality of aspects of the NSA surveillance program. The certification was required under White House procedures for the program to continue. Comey refused to answer the Senate Judiciary Committee’s questions over the question. Comey met directly with President Bush who gave his support for making changes in the surveillance program. That program continued to surveil all Americans illegally with Comey’s approval.

Condones Torture.  In 2005, as Deputy Attorney General, Comey endorsed a memorandum approving the use of 13 enhanced interrogation techniques, including waterboarding and sleep deprivation for up to 180 hours, for use by the CIA when interrogating suspects.

Fixing Crimes for Lockheed.  In 2005, Comey became the General Counsel and Senior Vice President for Lockheed Martin, the U.S. Department of Defense’s largest contractor. Under Comey’s direction and influence, Lockheed continued to break many laws and rip-off the Pentagon mercilessly. There are 58 cases for Lockheed involving more than $600 million in fines, damages and other payments that are registered. When President Obama nominated Comey to become FBI director in 2013, Comey promised the United States Senate that he would recuse himself on all cases involving former employers. But Comey earned $6 million in one year alone from Lockheed Martin. Lockheed Martin became a Clinton Foundation donor that very year. Lockheed Martin is a Clinton Foundation donor. Lockheed became a Clinton Global Initiative member in 2010. In 2010, Lockheed Martin won 17 approvals for private contracts from the Hillary Clinton State Department. Comey needed to recuse himself from any case involving the Clintons, but he didn’t.

Allowing Illegal Accounting.  In 2005, about two weeks after meeting with Comey personally, the KPMG legal team was told that Comey and Gonzales decided against an indictment of the firm. This sent a message to the Big Four public accounting firms, KPMG, Deloitte, EY and PwC. The largest global public accounting firms are now, as a result of their decision, considered “too few to fail” by the Justice Department and SEC.

Lying to Congress.  In his July, 2013, FBI confirmation hearing, Comey said that the oversight mechanisms of the U.S. government have sufficient privacy protections even though the Chinese had hacking almost every department in Washington and stolen military secrets, personnel information, and blue-prints to military aircraft and weapons.

Illegal Surveillance by FBI.  Comey requested Google, Facebook, Apple, Cisco and others to install a “back door” for U.S. surveillance agencies to use.

All of the above to James Comey are simply described as “just another day at the office.”

 

[From an article published by AIM4TRUTH.ORG]

 

NORM ‘n’ AL Note:  There are many more facts and details available on the above linked site.

 

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As always, posted for your edification and enlightenment by

NORM ‘n’ AL, Minneapolis
normal@usa1usa.com
612.239.0970

 

 

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C.I.A. using Mainstream Media to run propaganda campaign against Trump Administration

“The C.I.A. always softens up the citizenry of a targeted country before a soft coup.  If that doesn’t work, they simply execute a covert but violent overthrow via assassination like they did with JFK.  Lastly, they will resort to an outright attack on the key organs of government authority and/or military power, but only when absolutely necessary.”   (Statement from a veteran intelligence analyst)

 

Radical left wants nothing short of revolution in US

 

The NWO globalist entity known as Deep State, along with the Democratic Party, will — under no conditions — accept Donald Trump as the legitimate President of the United States of America.  For that matter, neither will the many RINOs within the Republican Party.

Because of this unrelenting predicament, there is no stopping the USS Donald Trump from hitting the iceberg.  You cannot thwart destiny when it’s preordained in such a profound and fundamental way.  After all, the welfare and continuity of the American Republic is at stake, they say.

To be clear, no one has said that Trump is at the helm of a 21st century Titanic.  He may just be the captain of a humongous icebreaker.   Only time will tell, however, and that time is fast approaching.

This seditious revolution has several pillars that define both its strategy and MO.  The whole world is watching daily the “Russia scare” strategy.  Deep State knows that the Russian boogeyman was effective during the Cold War so why should they reinvent the wheel?

Truly, no one has ever seen anything like it.  The C.I.A. uses their primary organs of propaganda — CNN, NBC, ABC and CBS — to run an unprecedented propaganda war against a sitting POTUS.  Likewise, the spook agency uses every major newspaper of record — especially The New York Times, The Washington Post, USA Today, Los Angeles Times — to float patently false accusations and deliberately misleading headlines on their front pages.

KEY POINT: Even Nixon was not subjected to such a daily barrage of fake news during the height of Watergate.  And, “Yes!”, much of that media hysteria was also contrived fake news, produced to facilitate his premeditated removal which was in actuality a soft coup.

The CIA knows full well how to execute a color revolution.  They’ve carried out many around the globe over several decades.  Their trademark MO is to sufficiently frighten the citizenry about dangers of their current government or leader.   This is why the American people are now treated to a nonstop campaign of Trump-bashing by the MSM.  The CIA is aware that eventually, a critical mass of citizens will actively participate in an overthrow. And that many who don’t will at least lend their moral support to it.

The false story about ‘Russia election hacking’, of course, was the perfect pretext for the U.S. Intelligence Community to rally around.  Agents in all 17 agencies could be compelled to go with the flow — seditious flow — because the POTUS was said to be working with America’s historical enemy — R U S S I A!  Throw in a Democratic Party that is still beside itself with rage and madness about Hillary’s defeat and you have a full-blown Purple Revolution in the works. See the following link for valuable perspective: Former Democrat Insider Goes Rogue—Exposes Plot To Falsely Blame Russia

This total scam being run on the American people is not unprecedented.  Both World Wars of the last century saw similar war propaganda being thrown about here, there, and everywhere.  That’s just how it’s always done.  They did it against Germany prior to World War II after they demonized the Kaiser prior to World War I.

The salient point here is that it is now Putin who is being vilified and Russia that is being represented as a mortal enemy of the West.  Nothing could be further from the truth, and yet a vast majority of Americans believe the lies. Whenever a really big lie is repeated frequently, it starts to sink in.  That’s what CNN and NBC are all about today.  So are the NYT and WaPo.  Their CIA masters in Deep State know all of the best mind-control programs, as well as the magic formulas for effective war propaganda.

MSM and C.I.A. are guilty of sedition

There’s one major advantage that the President has at this pivotal stage of the Purple Revolution. The MSM now commits sedition on a weekly basis.  The C.I.A. likewise openly perpetrates treason against the nation.  These traitors to the American Republic expose themselves regularly because they think they can act with impunity.  This public display of arrogance and hubris has never happened before in the USA.

As a consequence, the MSM can legally be shut down with one executive order.  The C.I.A. can be dissolved with one stroke of the presidential pen.  Even the FCC can close down various MSM organs of propaganda for blatantly violating various rules and regulations. The law is squarely on the side of the FCC in this regard.

Hence, the longer that Trump permits the traitors to out themselves for all to see, the more of them he can get rid of when the time is right.  That moment is fast approaching as Deep State is getting closer to pressing the button on stage 2 of the 2017 revolution.  Their implementation plan has been designed according to a set schedule which sees this Fall as a crucial phase of the Purple Revolution.

What began with a clandestine partnership between George Soros and Hillary Clinton back in 2016 has evolved into a full-blown conspiracy to bring down the U.S. Federal Government and President Trump.

DO NOT MISS: Soros: Western Society Must Fall Before One World Govt Can Be Established 

Clearly, the growing insurrection against Trump has many disparate liberal organizations and powerful progressives supporting them.  As always, George Soros is front and center in this treasonous plot.  

Therefore, he should be arrested post haste for contributing to so much personal injury, including numerous deaths, as well as extensive property damage. The Clintons And Soros Launch America’s Purple Revolution

The C.I.A. will not stop this uprising until Trump is frogmarched out of the White House.  The principal question is this: What will the patriots and nationalists do then?

 

[From an article by Michael DePinto published in FREEDOM OUTPOST]

 

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As always, posted for your edification and enlightenment by

NORM ‘n’ AL, Minneapolis
normal@usa1usa.com
612.239.0970

 

 

 

 

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Media’s nonsensical conspiracy theory about Russia trying to influence our election is nothing less than a brazen coup attempt by the CIA

The media is fully cooperating with a CIA coup that projects its own treason on Donald Trump. Suddenly, all the prostitutes in the Establishment’s harem are very concerned about “foreign influence” on our election. Where were these cries of alarm when the Clinton Foundation was getting tens of millions of dollars from the Saudis and other Oil Kleptocracies in the Middle East?

In fact, the financing of the Clinton Foundation is highly relevant to what is going on now. The Saudi oil barons and others invested heavily in Hillary Clinton to get continued U.S. backing for “regime change” in Syria. Who had the Saudis been working with in Syria? The CIA!

The CIA and the Saudis have been acting as partners in supplying terrorists (“rebels”) with weapons to overthrow Bashar al-Assad.

Do you think the Saudis would walk away from millions of dollars invested in Clinton?

Remember the CIA has already tried to alter this election. That’s where “former” CIA operative, Evan McMullen came from.

No, the real security breach is that Saudi Arabia and the CIA are working to not only influence an election, but, having failed, to undermine and possibly overturn one. As Justin Raimondo writes at AntiWar.com,

The Saudis, having given millions to the Clinton Foundation, along with their Gulf state allies, were counting on a Clinton victory. The CIA has a longstanding relationship with Riyadh, and together they have been working assiduously to not only overthrow Assad in Syria but to forge a “moderate” Sunni alliance that will effectively police the region while establishing the Saudis as the regional hegemon. This was the Clintonian strategy while Hillary was at the helm of Foggy Bottom: Libya, Syria, the alliance with the Muslim Brotherhood in Egypt, are all examples of this utterly disastrous “Sunni turn.”

Trump represents a threat to this grand design, and therefore has to be stopped by whatever means necessary. His desire to “get along with Russia,” his opposition to regime change in Syria, his critique of the Libyan misadventure, his foreign policy stance in general – all this meant that he would come to power and “drain the swamp” of the CIA and the State Department.

And the mainstream media not only recites unsubstantiated claims from anonymous sources in the CIA, but is doing all it can to convince dupes that the CIA is “not political.”

This is the same CIA whose director, then William Casey, said some years ago, “We’ll know our disinformation program is complete when everything the American public believes is false.”  So the CIA, which practices a “disinformation program” as the normal course of its daily business, wishes us to accept its “proof” of Russian interference without hesitation or question.

The American public has spent the last eight years being fed lies and more lies by everyone in the government, from the White House to the Clinton house to the CIA outhouse. That is one of the principal reasons why Donald Trump was recently elected president.  Next time you see something said or claimed by the CIA, remember that this is the US agency that always practices “disinformation”…and that the rest of the US government has spent two Obama terms trying its best to imitate that practice.

 

[From articles published by CONSTITUTION.COM and MISHTALK.COM]

 

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As always, posted for your edification and enlightenment by

NORM ‘n’ AL, Minneapolis
normal@usa1usa.com
612.239.0970

 

 

 

 

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CIA shows it was Bill Clinton’s administration which bankrupted the war on terror before 9/11…

The Clinton administration had bankrupted the intelligence community and refused to let the CIA prioritize anti-terrorism over other major priorities in the late 1990s, leaving the agency stretched too thin in the days ahead of the 2001 terrorist attacks, former Director George J. Tenet said in a 2005 document declassified Friday.

Mr. Tenet, who was head of the agency at the time of the Sept. 11 attacks and has taken severe criticism for not anticipating and heading them off, said in the document that he took the threat of Osama bin Laden very seriously, and put major effort into trying to penetrate al Qaeda, beginning as far back as 1998.

In one revelation, Mr. Tenet says those efforts averted off an earlier “major attack” planned by al Qaeda for some time in 1999 or 2000. The document gives no other details.

The document was a response to an inspector general’s draft report that had accused Mr. Tenet of failing to give al Qaeda enough attention in the months leading up to the Sept. 11 attacks. But Mr. Tenet said he did take steps, amid all the other work CIA was also required to do.

“Your report does not adequately address the context of an intelligence community that had to respond to wars in Bosnia and Kosovo, the prospect of war between India and Pakistan, China’s military buildup and threat to Taiwan, the requirements of policy makers, particularly in Congress, to pursue narco-traffickers in Central and South America, and numerous other such requirements,” Mr. Tenet wrote. “Despite all of these stresses, despite the fact that we had effectively been in Chapter 11 as an intelligence community, we continued on a path to methodically increase both CIA and intelligence community resources and our personnel base devoted to terrorism.”

In addition to Mr. Tenet’s response document, which had originally been classified “top secret/codeword sensitive,” the CIA released more full versions Friday of several other documents that had been released earlier.

The documents came in a Friday afternoon dump — though according to the notations, they’d been approved for release as far back as March.

“The events of 9/11 will be forever seared into the memories of all Americans who bore witness to the single greatest tragedy to befall our homeland in recent history,” the CIA said in a memo accompanying the new documents. “The documents released today reflect differing views formed roughly a decade ago within CIA about the Agency’s performance prior to 9/11.”

The inspector general’s nearly 500-page report, issued in June 2005, found that agency employees “worked hard” to combat al Qaeda, and said Mr. Tenet himself was “actively and forcefully engaged” in counter-terrorism. But the investigators said Mr. Tenet didn’t follow up enough on his own warnings and admonitions, and allowed the agency to get bogged down in tactical debates rather than setting an overarching strategy for getting bin Laden.

Mr. Tenet, though, details the follow-up efforts he made and lists the number of times he asked for more money for counter-terrorism, and the nine occasions he said he sent memos to senior officials in both the executive branch and Congress warning of terrorist plots.

“Even though senior policy makers were intimately familiar with the threat posed by terrorism, particularly those in the previous administration who had responded to major attacks, they never provided us the luxury of either downgrading other high priority requirements we were expected to perform against, or the resource base to build counter-terrorism programs with the consistency that we needed before September 11,” Mr. Tenet wrote.

 

[by Stephen Dinan, writing for The Washington Times]

 

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As always, posted for your edification and enlightenment by

NORM ‘n’ AL, Minneapolis
normal@usa1usa.com
612.239.0970

 

 

 

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“The people at the Fed do not know what they’re doing…don’t ever think they know what they’re doing.”

I was at a recent conclave in the Rocky Mountains with a couple central bankers, one from the Federal Reserve and one from the Bank of England. They’ll say things privately that they won’t say publicly.

And I was handed a copy of Janet Yellen’s playbook.

The Fed is trying to kind of use propaganda…lie to us about economic prospects, talk about green shoots, use happy talk to try to get us to spend our money.

The Fed doesn’t know what they’re doing. Don’t ever think that they know what they’re doing.

You can print all the money you want, but if people are not borrowing it, if they’re not spending it, then your economy is collapsing, even with money printing.

So you can understand it this way…

Let’s say I go out to dinner and I tip the waiter. And the waiter takes my tip and he takes a taxicab home. And the taxi driver takes the fare and puts some gas in her taxicab.

Well, in that example, my dollar had the velocity of three. $1 supported $3 of goods and services: the tip, the taxi ride, and the gasoline.

But, what if I don’t feel great? I stay home, and watch television. I don’t spend any money. Well, that money now has a velocity of zero.  I leave my money in the bank, but I don’t spend it.

Let’s look at what’s actually happening with the velocity of money.

It’s plunging… It’s going down very rapidly.

But compare this decline of velocity today to what we saw leading up the Great Depression.

Now, in the depths of the Great Depression velocity was even lower…

But…

If you compare what’s going on today to what happened in the late 1920s just prior to the Great Depression, there’s a very striking resemblance.

So, it doesn’t matter how much money the Fed prints.

Think of it as an airplane that’s coming in for a nosedive. It’s crashing… crashing… getting closer to the ground. The Fed is trying to grab the joystick and pull the plane up out of the nosedive and get it back in the air…

But, unfortunately, it’s not working, we’re heading for a crash.

There are a lot of signals out there and they’re very, very troubling.

One of the ones I’m watching closely, and I know people in the Intelligence Community focus on also, because it covers so much ground, is called the Misery Index.

The Misery Index = Real Inflation Rate + Real Unemployment Rate

If you look at the Misery Index today compared to the period of stagflation in the late 1970s and early ’80s that Americans remember so well…

It’s actually worse.

This can lead to social instability…

Take this back to the Great Depression… The Misery Index in the Great Depression was 27.

Today it’s 32.89.

Believe it or not, it’s worse today than it was during the Great Depression. What happens as a depression worsens? Businesses can’t pay their debts. The bad losses fall on the banks. The banks ultimately fail.

That’s happened before. The Fed has had to bail out the banks.

But what happens when the Fed, itself, is in jeopardy?

You have to compare the capital to the balance sheet. How much in the way of assets and liabilities is the Fed’s capital supporting?

When you look at that it’s a much scarier picture, because the actual liabilities, or debt, if you will, on the Fed’s books is $4.3 trillion.

So you’ve got $4.3 trillion sitting on comparatively skinny little capital base of $56 billion…

That’s very unstable.

Prior to 2008, the Fed’s leverage was about 22 to 1.  Meaning they had $22 in debt on their books for every $1 of capital.  Today, that leverage is 77 to 1.

But, the problem is not limited to the Fed.  It’s infecting the private banking system as well.

There’s about $60 trillion of debt on the balance sheets of our banking system.

For a long time, debt and the banks grew at about two times the rate of growth in the economy.  But lately, this has exploded.  Today it’s up to 30 to 1.

In other words, for every dollar of economic growth, there’s $30 of credit being created by the banking system.

I can give you a very good example of this and this actually comes from physics.

If you had, let’s say, a 35-pound block of uranium shaped like a cube, it would actually be fairly harmless.  It’s what we call sub-critical.  It’s radioactive, but it’s kind of tame.  But now imagine you engineer it.  You take that 35-pound block.  You take one piece and shape it into something about the size of a grapefruit.  Take another piece, shape it into something like a bat.  Put the ball and the bat in a tube and fire them together with high explosives.

That sets off a nuclear detonation.  That destroys a city.

The way it’s been shaped and configured is what takes it from what we call sub-critical to super-critical.

Even our stock market has reached a super-critical state.

One of the signs that’s really fundamental, and really important, is the ratio of stock market capitalization to GDP.

Because, remember, the value of all the stocks in the stock market, that’s supposed to represent the fundamental economy.  It’s not supposed to be off in a world of its own.  But if you look at what’s been happening to that ratio recently, it’s going sky-high.

It’s 203%.

Just prior to the recession…

That number was 183%.

Go back to the famous tech bubble, the dot com implosion of 2000.

At that time, it was 204%.

And if you want the scariest news of all…just prior to the Great Depression that number was 87%.

In other words…

The stock market capitalization, as a percentage of GDP, is twice as high as it was just prior to the Great Depression.

So, that’s a really good metric for saying, “Hey, is the stock market heading for a crash?”

All the data says, “Yes, we are.”

[from an interview with Jim Rickards, Financial Threat Advisor to the CIA]

 

NORM ‘n’ AL Note:  More tomorrow from this same interview.

 

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As always, posted for your edification and enlightenment by

NORM ‘n’ AL, Minneapolis
normal@usa1usa.com
612.239.0970

 

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