Category Archives: Trump Presidency

Trump Impeachment-the “Nuts” and the Bolts!-Part IV

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OOPS!  Hunter Biden is stepping down as a member of a Chinese government backed securities company, board of directors.  Even worse, Hunter Biden’s attorney stated:

“To date, Hunter has not received any compensation for being on BHR’s board of directors. He has not received any return on his investment; there have been no distributions to BHR shareholders since Hunter obtained his equity interest. Moreover, Hunter played no role in directing or making BHR’s investments. Hunter intends to resign from the BHR board of directors on or by October 31, 2019,”

This statement is priceless.  “…since Hunter obtained his equity interest…”!  How much?    What is it worth?  Is he going sell is shares and donate the proceeds to the American Taxpayers!  How about the statement: “…Hunter played no role in directing or making BHR’s investments.”  So, Hunter received free equity, shares of stock, but did not have to do anything in return!  Unless the value of his father’s political clout was payment enough!  Just substitute the name “Hunter” with “Don Jr.” and guess how the PLMSM would howl!   This follows Hunter’s resignation from the Ukraine company Burisma board of directors earlier this year!  Did he get free equity in Burisma?  If so; how much; what is it worth; is he going to sell these shares and donate the proceeds to the American Taxpayers?

But wait, there is more!  The attorney went on to say:

“Hunter Biden would not partake in any foreign business dealings “under a Biden administration.”  

So, it wasn’t wrong but I won’t do it again if Dad is elected.  What if dear old dad is not elected but another democrat is?  Other than China and the Ukraine, where else has Hunter been raking in cash on behalf of dear old dad”

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Round 2 Coming

DOJ Inspector General and Barr Investigation Results:  On the immediate horizon is the release of DOJ Inspector General report regarding FISA abuse and other related spying activities by the Obama Administration’s intelligence services against the Trump campaign and the Trump Administration.  Shortly thereafter, US Attorney John Durham and the Barr DOJ will start releasing their findings into an expanded investigations on the alleged spying by the Obama administration intelligence services, foreign agencies, and State Department, on the Trump campaign. The latter has been expanded into looking at continued spying activities up to and including the beginning of the Mueller investigations.  

So, what started as allegations of “collusion” with the Russians by the Trump campaign, morphed into alleged impeachable offenses by President Trump offering aid in exchange for investigations into foreign meddling into our 2016 elections and other corruption in Ukraine by US officials, including VP Joe Biden and his family.  Now, it has been learned that the Trump phone call with the Ukraine PM did not include “quid pro quo”, or included any wrong doing by Trump outside of his Constitutionally mandated duties.  Now, the Hunter Biden forays into international influence peddling is literally blowing up in the faces of the PLMSM, Pelosi, Schiff, the Biden family, and the DNC.  

If the Inspector General and the Barr report prove damning to the Obama Administration and its intelligence services, the PLMSM will have great difficulty keeping the focus on alleged Trump miscues.  That does not mean they will not try!  It will get uglier before it gets better.

Imagine a female, Black, transsexual, DACA recipient, CIA officer with a Spanish surname, who alleges sexual assault by Trump, Kavanaugh, and AG Barr, at their high school prom, together, coming forward, flanked by Pelosi, Schiff, Nadler, Maxine Waters, and Senator Feinstein!  OMG!  CNN, MSNBC, NBC, CBS, ABC and some on Fox are going to go apoplectic!  Mitt Romney will probably faint on the Senate floor.  This won’t end until Trump defeats whoever the Democrat nominee is and the Republicans take back the House and gain seats in the Senate in 2020…

Watch out for increased violence as the 2020 election approaches.  Be careful and stay vigilant…

RD Pierini

@RDPierini

Hat Tips.

https://www.breitbart.com/politics/2019/10/13/donald-trump-taunts-hunter-biden-as-he-leaves-board-of-chinese-investment-firm/

https://www.breitbart.com/politics/2019/10/13/adam-schiff-there-doesnt-need-to-be-a-quid-pro-quo-to-impeach-trump/

https://www.breitbart.com/politics/2019/10/13/hunter-biden-leaves-china-board-as-trump-attacks-hit-home/

https://www.breitbart.com/clips/2019/10/12/trump-on-obamas-silence-during-biden-ukraine-saga-i-think-hes-hiding/

https://www.newsmax.com/politics/sondland-trump-ukraine-quid-pro-quo/2019/10/13/id/936856/

https://www.newsmax.com/politics/adamschiff-inquiry-witnesses-testimony/2019/10/13/id/936887/

 

Trump Impeachment-the “Nuts” and the Bolts!-Part II

 

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Don’t Pay ANY ATTENTION to Polls on the Whistleblower Allegations or on Trump Impeachment

Yesterday we visited some of the reasons why the entire “Whistleblower” Ukraine Impeachment story (link: https://wp.me/pY51c-1js) is pure bunk and a figment of the PLMSM (Progressive-Left Main Stream Media). 

Today, we will layout the PLMSM strategy regarding how they will use fabricated allegations, fake news, the Democrat House Committees, and Polling to get you to fall for their BS and think that everyone but you support impeaching President Trump.

The Strategy:

The PLMSM is stuck on stupid and are using the same playbook time and time again; and they are expecting a different result each time!  (remember what Albert Einstein said about the definition of STUPIDITY) 

  1. Create a false story using supposed “credible sources”, primarily inside of the IC (Intelligence Community).  During the Russia Hoax they even solicited false information from foreign intelligence sources including US allies.  Many sources will be from inside of the IC or those with alleged ties to “patriots” inside of the IC.
  2. Leak the Fake Story to the MSM so they can publish articles supporting the Fake Story.  These same stories, based on the same fake info from fake sources, will be used as evidence that the soon to be public Trump Impeachable offense must be true.  If you read or hear these stories in the New York Times, the Washington Post, CNN, MSNBC, ABC, NBC, CBS, Politico, or other left-wing or RINO sources, do not fall for the false allegations.  
  3. Dem House Leadership and House Committee Chairmen will immediately rush to the cameras and decry yet another “Trump High Crime or Misdemeanor” that must be an impeachable offense against this great nation that only these “patriotic” Democrats can protect you from.  Pelosi and her sidekick AOC will be the first to decry the morally bankrupt Trump and his administration.  (More on this dynamic duo below)
  4. The MSM will immediately fill up their political water buckets and carry the water for the Progressive-Left by running the Fake News allegations 24-7.  They will drag out the “best” legal analysts, who have yet to be right, and you can include the Fox News “Judge” Napolitano and Kellyanne Conway’s hubby, George.  As is the case in the Ukraine hoax, they will ignore any exculpatory information and totally disclaim any wrongdoing by anyone on the Progressive-Left.
  5. Finally, they will create Fake Polls to back up their story that the American People see how despicable President Trump is along with anyone else who dares to support his deplorable behavior.  How?  By modifying the sample.  If you think Polls are either scientific or unbiased, run two laps around the block and listen.  Polls are manipulated by changing the sample size of left-wingers versus Trump supporters.  This goes for polls showing “independents” who think Trump, Kavanaugh, or the entire Republican Party should be impeached or executed.
    1. Question:  Are you and independent?  Answer: Yes
    2. Question:  Who did you vote for in 2016?  Answer:  Hillary
    3. Question:  Do you think Trump should be investigated for xxxx?  Answer:  Yes
    4. The Hillary response pigeonholes this person into the left-wing camp and the independent response is the key to the category.  Of course they are more subtle than this but this gives you an idea how the polls are skew when you add in that the pollsters then sample 50%  “Democrats”; 20% Independents who voted for Hillary; 30% Trump supporters.  By tweaking these percentages, a poll can say anything you want!  Enough negative polls and you start to think that something is wrong with you if you still support the President.  Worse, RINOs in Congress say, “See I told you this President is not a real Republican!”

So:

  1. Create a Fake Narrative with Fake Sources
  2. Leak the Fake Narrative to the Fake Press to create Fake News
  3. Dem Leadership and Committee Chairpersons support the Fake Narrative with the Fake MSM.
  4. MSM runs 24-7 stores supporting the Fake Narrative and the impeachment of the President or someone else they want to use as a straw man or woman.
  5. MSM creates Fake Polls to Support the Fake Narrative and the Trump Impeachment.

There really won’t be much deviation this playbook ever.  Just look back at the Access Hollywood “Scandal”, The Stormy Daniels Scandal, the Playboy Bunny Scandal, the Russia Hoax, the Don Jr. scandal, the Michael Cohen related scandal, and every other “major” scandal surrounding Donald Trump, his candidacy or his Presidency.  Every time the reaction and the results were the same.  Supporters of the President hung in with him; RINOs acted all flustered and nervous; PLMSM when absolutely bonkers to the point their supporters are now psychotic and dangerous.

So, when the next scandal hits, take a deep breath!  Make a checklist for yourself that includes:

  • The title of the Trump “scandal”
  • The date the allegation was first leaked
  • The date the Dem leaders and committee members ran to the cameras to decry the scandal.
  • The date the MSM starting running 24-7 hit jobs on the President
  • When the first polls started showing support for impeachment.
  • File this checklist and wait for the next “scandal”!

Some of these items may be concurrent but the bullet points will be the same.  If you want, just watch Mitch Romney,  Mike Lee, Judge Napolitano, George Conway, Chris Wallace or Bill Krystal for a clue that you are at least in phase 2 or 3 of the PLMSM game.

Don’t expect this onslaught of the President to end even if he is re-elected to a 2nd term.  Remember, this is a battle to the death for the Progressive-Left.  Donald J. Trump is the antithesis of the Progressive-Left and the number one target of George Soros and the international globalist Progressive-Left. 

Too many pundits are painting Pelosi as giving into AOC+3 on impeachmentPelosi and AOC are one and the same, the water girls for George Soros et al.  At the age of 80, Nancy is the soon to be the retired water girl and AOC, or some other Soros surrogate will take her place.  The goal is to replace our Constitutional Republic with a Socialist regime. 

This PLMSM anti-Trump game plan had been set way in advance of the Trump election.  Soros and his ilk read every word that Trump had ever written, especially in his book, “The America We Deserve”.  Soros had to stop him at any price. 

You might wonder why a multi-billionaire like Soros and Buffet want to take down our Republic?  Simple, during the 2008 Financial Crisis, that was aided and abetted by Soros and Buffet and their lackeys in the government, these two, and many others of their ilk, walked in after the “people” were decimated financially, and bought up banks, buildings and other assets for cents on the dollar.  They will do this again and again after creating the bubble, swoop in and swoop up the cash.  Trump is standing in their way!

Watch for the next installment of the “Trump Impeachment-the “Nuts” and the Bolts!-Part III”

RDPierini

@RDPierini

Hat Tips:

https://www.investopedia.com/financial-edge/0411/5-investors-that-are-both-rich-and-smart.aspx

https://theweek.com

/articles/459166/how-warren-buffett-made-10-billion-during-financial-crisis

Global Financial Crisis Looming, George Soros Warns

Trump Impeachment-the “Nuts” and the Bolts!

Deja vu All Over Again!  

Ironically the Russian Hoax, the Kavanaugh Hoax,  and the new Ukraine “Whistleblower” impeachment fervor are linked.  They are also predictive of continuing Progressive-Left/Main Stream Media (PLMSM) future attacks on Donald J. Trump, his presidency, and his supporters.  

The attacks are an admission by the PLMSM that the Trump Presidency is successful in rolling back over 5 decades of Progressive sponsored erosion of our Constitution, our moral fabric as a nation, our rule of law; and an admission that they cannot defeat this President based on policy and political positions at the ballot box either in 2020.

The conservative media and its pundits attribute the PLMSM anti-Trump assault as being a personal hatred of President Trump.   IT IS NOT!  It is a visceral reaction to Trump stopping their Progressive Movement in its tracks while creating an electorate of informed, America-First, anti-socialist, voters that include men and women of all races.  To make matters worse, Trump is taking his show on the international road and talking down their Progressive Globalism, Socialism, and social reconstruction.  Trump is Sunlight to a Vampire; the Cross to Satan; Kryptonite to Superman; and the Anti-Christ to the PLMSM.  Hatred is merely a tool being used to destroy the Trump agenda and accomplishments.  

“Bolts” Before “Nuts”

The “Bolts” of the current “Trump-Ukrainian Crisis” include:

  • The Trump/Ukrainian allegations of wrong-doing by a President was brought by a “Whistleblower” who had no first hand knowledge of his allegations against the President and thus the allegations were based on “hear-say” testimony that is prohibited in our criminal justice system.
  • A “Whistleblower”, who only had 2nd or 3rd hand knowledge of an alleged wrongdoing, would have been prohibited from filing a “whistleblower” claim prior a change in IC regulations that were uploaded on September 24, 2019, at 4:25 p.m., just days before the “Whistleblower” complaint was filed!  Prior to this change, the IC regulations followed long standing US judicial principles that a witness must, provide direct, first-hand knowledge of alleged wrongdoings.”  This change was made roughly at the same time that the “Whistleblower” claim was filed!  Sounds like an extension of the “Me-Too” movement where the rule of law is stood on its head in favor of the allegation.
  •  The Intelligence Community Inspector General, (ICIG) Michael K. Atkinson, marked his referral of the “Whistleblower” complaint to the Acting Director of Intelligence, and Democrat Adam Schiff as “Urgent Concern”, based on the IG’s assessment that President Trump may have violated Campaign Finance Laws by soliciting help against one of his political opponents from the Ukraine that would may then been an “in-kind” contribution. 
  • Campaign Finance laws are outside of the purview of the IC and its IG. The ICIG could witness a murder by the President but not be empowered to report it via the “urgent concern” regulations!
  • Based on current law, the ICIG is only authorized to receive “Urgent-Concern” “Whistleblower” complaints on “…an employee (or contractor) of an element of the Intelligence Community…”, 50 U.S.C. § 3033(k)(5)(A).  The President of the United States is not considered to be an employee nor a contractor of the IC and thus NOT subject to ICIG purview.
  •  The President of the United States and the Ukrainian Government are required to provide legal assistance to each other on criminal matters.  The TREATY WITH UKRAINE ON MUTUAL LEGAL ASSISTANCE IN CRIMINAL MATTERS” was signed by President Clinton on July 22nd, 1998!  Ukraine has been subjected to political corruption for years.  President Trump was invoking this Treaty to request criminal investigative assistance on corruption in Ukraine that may involve US and Ukrainian citizens.  As stated by President Clinton, “It provides for a broad range of cooperation in criminal matters. Mutual assistance available under the Treaty includes: taking of testimony or statements of persons; providing documents, records, and articles of evidence; serving documents; locating or identifying persons; transferring persons in custody for testimony or other purposes; executing requests for searches and seizures; assisting in proceedings related to restraint, confiscation, forfeiture of assets, restitution, and collection of fines; and any other form of assistance not prohibited by the laws of the requested state.” 
  • As a Treaty, complianced and execution is mainly under the purview of the Secretary of State as well as the President supportedc by his justice and intelligence agencies.  So, it is not inconsistant that the State Department would ask a seasoned prosecutor like Rudy Giuliani, to vet the Biden and Crowd Strike allegations of criminal behavior with the Ukrainian government.  The DOJ/FBI would only be brought into the investigation as the behest of the State Department.
  • Under the US/Ukrainian Treaty, there are NO provisions exempting political candidates from being the target of such criminal referrals or requests for investigative assistance.  President Obama, and his Vice President Joe Biden requested assistance from the Ukrainians to investigate candidate Trump and Paul Manafort prior to the 2016 election.   If political candidates were shielded from investigation or prosecution, I am sure John Gotti would have ran for Mayor of NY!
  • Under Federal Elections Commissions regulations, or their enabling statutes, there are no restrictions on who can be referred to investigative and prosecutorial International, Federal, State or local agencies.  There are also no FEC regulations that define in-kind contributions as those gained as a result of International, Federal, State or local agency investigations or prosecutions.  Political candidates cannot hide behind their candidacy in order to avoid justified investigation or prosecution.  In 2015-6, the Obama administration and its law enforcement and IC agencies, placed President Trump and his campaign staff and organization under criminal and national security investigations.  Any objections then by the PLMSM?

There are many other “bolts” that we can review but these frame the character of the allegations, the purview of the DNI and its IG, and the autonomy of the Presidency regarding IG investigations.  Do we really want our President’s conversations with foreign leaders to be on the front page of the New York Times and show cased on CNN!  I think not.

The “Nuts”

The “Nuts” are easy to spot and include all of the bona fide members of the PLMSM.  Congressman Adam Schiff is probably the most visible along with the Speaker, Nancy Pelosi.

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Jerry Nadler would liked to be the Head-Nut and is trying his worst to edge out Schiff.  Then you have the lessor nuts, not in terms of nuttiness but stature, that include AOC+3, Elijah Cummings, John Lewis, Maxine Waters, and a whole host of others.  The “Nuts” are supported by members of the MSM and notably led by CNN, MSNBC, the Washington Post, and the failing New York times…  

But, don’t assume that the “Nuts” / PLMSM are comedic characters.  They are not,  They are as serious as is the loss of freedom in the US.  They have unlimited resources, they stick together, and they seek to win regardless of the consequences.  The current “President Trump Ukrainian Crisis of the Week” is merely a step in their playbook to destroy the Trump administration and his policies to reverse the Progressive-Left annihilation of the US Constitution, capitalism, and our rule of law.  When this crisis has been debunked, they will surface a new one in its place. 

The PLMSM has set the stage to use IC and administration leakers to leak to the press, use hear-say whistleblowers, and supporting press attacks to create more and more “impeachable” crimes perpetrated by President Trump.  The PLMSM knows that the citizens of the US are not supportive of its Progressive-Left candidates or their agenda.  They must try to drive out Trump or tire his base and reduce his support among the voters.  So far Trump has stood his ground.  How much more can oned human being take?

  The use by the PLMSM of our IC against the President is an attack on our Constitutional Republic that features a strong Executive.  They seek to created an Executive Branch that responds more like a Parliamentary Government’s Primed Minister that is subject to the political winds of the day.  One that its Press and the left can eliminate if they disagree with its policies.  One where an oligarchy of elected and unelected officials can use to control foreign and domestic policy and eventually ensconce the US deeply in a Progressive, Globalist, Socialist, and social reconstructed society.

Remember, They Were One Election Short of Their Goal in 2016!

RD Pierini

@RDPierin

 

Hat Tips:

Copy of US/Ukraine On Mutual Legal Assistance Treaty: https://www.congress.gov/106/cdoc/tdoc16/CDOC-106tdoc16.pdf

https://pjmedia.com/trending/whistleblower-requirements-recently-amended-to-allow-only-hearsay/

Did the Intelligence Community IG Actively Aid the “Whistleblower” in His Impeachment Quest

The Metamorphosis of the GOP Under President Trump

MAGA4Eva!

The election of President Lincoln in 1860 birthed the newly formed Republican Party as a legitimate force in American politics.  The party was formed in 1854 to oppose the continued expansion of slavery into newly explored and settled western territories acquired though the Louisiana Purchase.  At the core of its principles was the new Republican Party’s opposition to the Kansas-Nebraska Act that was staunchly supported by the Democrats led by Stephan A. Douglas.  The act allowed further expansion of slavery into these new territories.

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Lincoln’s election as the head of a fledgling party was historical and game changing for the Republican Party and the Nation.  The election of Donald J. Trump in 2016 may well rival Lincoln’s historical election, hopefully without a second Civil War, hopefully.

Lincoln faced a nation deeply divided by the institution of slavery and the threat of Southern Democrat let States to leave the union.  Trump also is facing a deeply divided nation based on the scope, nature and future of our founded Constitutional Republic.  While the divide is less defined by geography, it is no less hate filled, pitting family members and others against one another.  Both Presidents faced a real threat of the destruction of our Constitutional Republic.

In the 1900’s, the Republican Party edged its way towards progressive globalism and away from the focus on the American people, their inalienable rights, the Declaration of Independence and the US Constitution.  It adopted the internationalist, interventionalist goals of the Neo-Conservatives, (actually created by Bill Krystal’s father who was a Democrat!), which moved the Republican Party into the globalist realm.     Ironically, the 2nd Republican Platform Plank in 1860 clearly restated our founding principles based on American, not global or international principles, and that the individual, all men (and women), the governed, are the apex of our government’s power and we were granted this power by our Creator!

“2.  That the maintenance of the principles promulgated in the Declaration of Independence and embodied in the Federal Constitution, “That all men are created equal; that they are endowed by their Creator with certain inalienable rights; that among these are life, liberty, and the pursuit of happiness; that to secure these rights, governments are instituted among men, deriving their just powers from the consent of the governed,” is essential to the preservation of our Republican institutions; and that the Federal Constitution, the rights of the states, and the Union of the states, must and shall be preserved.” 

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If you follow Donald Trump’s rallies and speeches, these principles and God given rights are reinforced constantly.  Abraham Lincoln, and the infant Republican Party, embraced these same principles and rights in the face of Democrat Party opposition and their seditious activities.  The same is true today!  In 1860, the Democrats were trying to overturn the US Constitution, the inalienable rights of slaves, and their actions led to the Civil War.  In 2019, the Democrats are trying to overturn the US Constitution, and the inalienable rights of free peoples by destroying the electoral processes contained in the Constitution, and enslaving the American Peoples by adopting centralized, big government socialism.  Ironically, the 6th Plank of the Republican Platform of 1860 called out the “Swamp” and its inherent corruption:

“6. That the people justly view with alarm the reckless extravagance which pervades every department of the Federal Government; that a return to rigid economy and accountability is indispensable to arrest the systematic plunder of the public treasury by favored partisans; while the recent startling developments of frauds and corruptions at the federal metropolis, show that an entire change of Administration is imperatively demanded. “

The New Trump Republican Party that is forming eschews globalism, internationalism, interventionalism, and refocuses on the governed predominance over the government and the governed inalienable rights given to them by God, our creator.  In short, Trump branded this re-planking of the Party as “America First”, implying, “Americans’ Sovereignty First”. 

But, the good old boys Republican Party is not going quietly and is joined by the radical left Democrat Party and their lap dog media.  RINOs like Paul Ryan, Mitt Romney, and countless others sit on the sidelines ready to pounce on any opportunity they can to attack Trump and his supporters.  The Democrat Party is continuing its seditious activities that they started under the Obama Administration to use our national security agencies and law enforcement agencies to spy on and attack the Trump candidacy, then his Presidency.  Both of these groups espouse anti-American ideals and seek to regain power by destroying our Constitution’s check and balances and the sovereignty of the governed.  

As President Trump continues to succeed in rebuilding our economy, our national defense, our border sovereignty, and returning our rights as granted by our Creator to “We the People”, his hegemony over the Republican Party grows stronger every day.  Even RINO hold-overs in Congress are being marginalized more and more and the Real Republicans, the people, ignore their anti-Trump rhetoric.  Trump has returned the Republican Party back to its members and pushed out the so-called power brokers who support the US Chamber of Commerce, the Business Roundtable, and international organizations such as the Council on Foreign Relations.  Trump only has one simple principle, “Is a policy good for Americans, if so, adopt it.”  

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The Tea Parties started the movement to take back America, Trump is memorializing it!  This is why the Left and the RINOs tried to kill the Tea Party Movement.

RD Pierini

@RDPierini

 

 

Updates: Fannie and Freddie and China/US Trade and Military Cold War

Occasionally some world and local events require us to circle back and look at perceptions, facts and events that we have contemplated before.  Today. two such items require revisiting.

Trump’s Addressing Root Cause of 2008 Crash-Freddie and Fannie

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Link to Original Post (2/24/2019): https://wp.me/pY51c-1g4

In February, contrary to “conventional wisdom”, (meaning Fake News aided and abetted by RINOs), was that President Trump would NOT seek to privatize Fannie Mae and Freddie Mac and eliminate government control over these two quasi governmental agencies and by and large eliminate the potential liability for these agencies by we, the taxpayers.  Both entities were originally chartered as private entities in 1938 when they were created.

The “wisdom pundits” postulated that Secretary Mnuchin and others in the administration would convince the President that privatizing these agencies would be a bad idea.  The big government control freaks love the idea of being able to control each of us and generally, our largest personal asset, our homes, by controlling the liquidity of mortgages.  In 2008, the fallacy of keeping these two Government Sponsored Enterprises (GSEs) was highlighted as we, taxpayers, had to bail out both of these entities after they knowingly, and with the aid of Republicans and Democrats, bought up junk mortgages and loans from banks who made sub-prime loans.  

Today, President Trump is pushing the privatizing of both of these entities in order to restore accountability and responsibility for their operations.  Their sole purpose is to provide a secondary market for mortgages and loans so banks “sell” these loans and restore the cash they need to give more new loans.  If you have refinanced or bought a home, you probably received a note that your loan was bought out by Freddie or Fannie and you probably were given the name of a new processing company to send you payments to.  Your original bank was then off of the hook for your loan and the responsibility was shifted to Fannie and Freddie, and you the taxpayer.

The fallacy of this quasi-government arrangement was that there were already private companies doing the same thing as Freddie and Fannie.  But, they could not compete with the purchase rates nor the lack of liability that Fannie and Freddie enjoyed.  So, the private market pretty much is insignificant.

President Trump want to recreate the private secondary market by removing the GSE status of these agencies and force them to compete on the open market.  Private investors would have never made the decision to buy worthless paper as these two agencies did in early 2000’s until the crash in 2008.  Congress will find it much harder to create a bubble like they did in the 2000’s that led to the housing crisis.  There will be no willing partners in the secondary market.  Also, it reduces Congress’s ability to fiddle with the mortgage market and create politically popular short-term bubbles.

Congratulations President Trump…

Chinese Communist Party and President Xi Jinping Stuck on World Domination Goals

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Link to Original Post  (9/1/2019): https://wp.me/pY51c-1iG

This week we saw that the Hong Kong leaders pulled back the Chinese Government Law that would have allowed Hong Kong Citizens to be sent to mainland China for interrogation and prosecution.  (Ask Muslims how this has worked out for them!)  But, the Hong Kong protestors are also demanding:

  1. Unconditional release of all protestors that have been arrested.
  2. Elimination of the characterization of the protests as Riots
  3. Independent inquiry into the actions of the police.
  4. Universal suffrage and control over Hong Kong by their citizens.

While President Xi was not publicly involved in this action, I believe that he convinced the hardliners in the Communist Party that a Tiananmen Square type of crackdown would only exacerbate the Hong Kong problem but also endanger any hope of a US trade deal and invite international condemnation.  I do not believe that, as of this writing, the Chinese are willing to go much further in terms of turning over more autonomy to the people in Hong Kong.  This would have ramifications within the Chinese mainland as well as Taiwan.

While this may signal some softening inside of China, it may not.  But, if Xi did overcome objections by the hardliners, there is some hope that Xi may also be able to push forward trade talks with the US.  I still am less than hopeful that President Trump and Xi will arrive at a point acceptable to the Chinese hardliners or President Trump.  But, I still do not believe that President Trump cares if he gets a deal or not.  He can achieve his goals by the end of his second term by revamping the Chinese goods supply chain and move US companies out of China.  This will severely hurt the Chinese economy, prop up the US economy, and cripple the Chinese ability to fund its military expansion.  

Don’t forget that President Trump has also ramped up our military sales to Taiwan to the dismay and consternation of the Chinese.  He is also protrolling the south Chinese Sea in the face of Chinese protestation.  Trump is poking a lot of different sticks in the Communist Chinese Eyes and they are quite dumbfounded as how to respond…

RD Pierini

@RDPierini

Stupidity Behind Hand Wringing Over “Treasury Yield Inversion”

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Don’t kid yourself that any of the Business Talking Heads on TV who are wringing their hands over US Treasury Bond Yield Inversion are smart, they are NOT!  You would think, or hope, that these same “brilliant” geniuses at least understood supply and demand but obviously they do not!

The morons on Wall Street say constantly that if the yield or interest you get from a 2 year Treasury bond is More than you would receive from a 10 year Treasury bond then we have a Bond Inversion that signals A RECESSION WITHIN 24-26 MONTHS!  Great but that little piece of wisdom has not historically not been true with any consistency and WORLD CONDITIONS THAT WE HAVE TODAY ARE EXTREMELY UNIQUE

IF you buy German Bonds today, YOU HAVE TO PAY THE GERMAN GOVERNMENT INTEREST JUST TO HAVE THE HONOR OF BUYING THEIR BONDS (30 year)!  No, that was not a typo!  You read right, the German Government Bond carries negative interest and you have to pay them to buy their bonds.  Many of the other European countries are at zero interest or closing in on it.

So, where would you buy bonds if you were wanting to actually receive a yield (interest) on your investment?  YUP!  The good old US of A.  What happens when our bonds are the best buy in the world, yep, more people want to buy them.  What happens to the yield (interest) on our bonds in the short term.  Yep, it goes down as we don’t have to give as much in order to sell our bonds! 

So, bond investors are buying our short term bonds, 2 year, expecting that the rest of the world will come to their senses and do something to jump start their economies.  So, with people flooding to buy our 2 year bonds, those bond yields go down and may actually yield less than our 10 year bonds.  This is not rocket science and is not a predictor of anything other than how dumb you would have to be to buy a negative interest German Bond!

We have discussed this before but let me give you an easy example so you can maybe get your liberal friends to understand what the “geniuses” on Wall Street don’t.

Let’s say your bank offers you a CD that yields or pays you 3% interest.  The bank across the street offers CDs that yield or pays -1%.  Are you going to buy from your bank and get 3% interest or buy from the bank across the street and have TO PAY THEM 1% to buy their CD?  (Please say that you would buy from your bank!)  The more people who buy the 3% CD from your bank, the higher the chance that your bank will start reducing the interest rate since they have more buyers demanding their CD.  At some point, your bank will find that they can only lower their CD’s interest so far before they start to lose customers.  

The world economy was totally messed up by the end of 2010 following the deep world-wide recession of 2008.  Central Banks, like our Federal Reserve, began monetizing their debt by merely creating more paper money.  Our Federal Reserve during the Bush and Obama years ran up over $4 Trillion in debt, not counting Bush and Obama driving our national debt to $19 Trillion.  Europe, Asia and virtually all developed countries followed suit until today we have developed countries with negative growth, massive debt, and no market for their bonds that are sold to service these massive debts.  All but the US under Trump.  We are the only country exhibiting healthy growth.

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It is this imbalance that is causing our short term bonds to be scooped up by investors and driving their yield below our longer term bonds.  This is a sign of non US economies being week, not the US economy being week!

But let’s be clear.  The talking heads on TV are not basing their comments on economics but on politics.  They will do and say anything, including inciting a recession in the us, in order to defeat President Trump.  Don’t buy into their crap as it is based on the same “solid” foundation as their Russian Hoax or calling you a racist!

RD Pierini

@RDPierini

The New Leftist Political 3 R’s! Russia, Racist and Recession!

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First the Leftist turned our own Intelligence agencies, and those of our international allies against Candidate Trump, and then President Trump; After the RUSSIAN Hoax failed, these same Leftist tried to brand President Trump AND ALL OF HIS SUPPORTERS AS RACIST;  When that failed, they are now crying out that the great Trump Economy is heading into a RECESSION!  

All three political hit jobs have one thing in common.  None are True! 

  • The Russia Hoax was fabricated by the Clinton Campaign, aided by the Obama Administration, and abetted by many of our so-called European and Australian allies.  This will end up being the most blatant disregard for the rule of law in US history.  Even Robert Mueller and his 17 pit bull leftist prosecutors could not find one shred of evidence against the President, his campaign or his Presidency with which to indict anyone for conspiracy or obstruction of justice.  This hoax went deep inside our DOJ, FBI, CIA and other intelligence agencies and even corrupted the FISA process which is supposed to protect US citizens from unlawful surveillance.
  • Racist labeling of the President and his supporters have backfired and US citizens, Trump supporters and detractors, are tired of everything being labeled as racist.  It is so bad, that the Leftist morphed this word into WHITE NATIONALIST or WHITE SUPREMECIST!  The Trump economy has yielded the lowest unemployment numbers in the history of the US for Blacks and Hispanics.  Trump’s OPPORTUNITY ZONES target the rebuilding of mostly poor minority inner cities and poor rural areas.  The goal is to overcome decades of Leftist control over these areas that have left minorities and their communities in abject poverty in the midst of the worst school systems and drug infestations.  If Trump and his supporters were racists, why would be care about the plight of these areas?  Maybe the Leftist should be asked and forced to answer why they allowed these areas to decay, become rat infested, with substandard school system yielding over 50%+ illiteracy, and the residents with no hope for the future other than to hope that someone gives them money because they have long despaired and given up on America’s promise of Equal Opportunity!
  • Russia and Racist both failed so now the Democrat Leftists are ginning up a new hope that the Trump Economy is heading for a RECESSION.  They even embarrassed themselves by pointing out that the 2 year treasury bond yield was higher (for a few hours) than the 10 year treasury bond yield.  These morons stated that this “inversion” indicated that our economy would go into a recession, within 22-24 MONTHS, as it had in SOME PRIOR recessions.  Not all, SOME.  Well, I ate pasta just before the 1979. 1991 and 2008 recessions.  I guess I caused these recessions!  Don’t take my word for it, Dr. Sonal Desai, the Chief Investment Officer for the Templeton Investment Fund stated;  “In short: the economic data show no evidence that either the United States or the global economy is approaching a recession.”  

Why would the Democrat Left gin up a Recession and the fears of a Recession?  Simple!  2020

The President has turned this economy around and the US, its businesses and its citizens, especially blue collar and lower income people have benefitted the most.  There are no signs of a US recession.  You hear these Leftist pundits decry the Trump Tariffs against China as being a driving force for the upcoming recession.  Don’t confuse them with facts, especially the fact that the Chinese have devalued, manipulated, their currency below the tariff levels thus negating the impact on the US consumers.   Once again, if we tax a Chinese product that costs $1.00 10%, that product will now cost $1.10.  If the Chinese devalue their currency by 10%, then that product will still cost the US consumer $1.00.

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Jamie Diamond, Chairman of the Globalist Business Roundtable and Chairman and CEO of JPMorgan Chase, Helped Structure the 2008 Recession Bubble!

Why do the Democrat leftist want to get rid of the Chinese tariffs?  Simple, the globalist, multi-national corporations like the status quo where they can maximize their profits by manufacturing in China where labor has been very low.  The more sinister view is that they really want to take down the US as the dominant economy in the world so these forces can dominate the world economy!  But I won’t go there now.  These business interest could care less if you lose your factory job because they cut a buck out of their costs!  Did you ever stop to think about what Obama and the leftist have said about jobs leaving America, never to return.  They said that it was a matter of companies HAVING to produce products wherever it was the cheapest so all  world consumers, even the US consumers, could get the best price.   Did you stop to ask just how a US factory worker who lost his or her job could afford to by anything now they do not have a job and a paycheck!  The leftist did not care if our middle class was decimated which it was.  The globalist goals were loftier and better for everyone, ESPECIALLY THEM.

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Then along came Donald J. Trump and his America First band of merry supporters.  First the Leftist laughed.  After all, they stomped out the Tea Party revolt!  How hard could it be to stomp out Donald Trump and his DEPLORABLES?  Very hard indeed.

Don’t let this latest Left-Wind hysteria regarding Recession worry youWe ARE the strongest economy in the world.  Our economy is the only hope the rest of the world has to avoid problems in their own countries.  We consume 25% of the world’s output and are now the dominant oil and gas producer in the entire world.  We have re-established our steel industries as well so no nation can now threaten us with energy or manufacturing  boycotts or price fixing.  

We will probably at some point have a slowdown or even a recession.  But for one political party and their leftist cronies and media to hope and promote the idea that a recession is inevitable and rapidly approaching, just when many Americans are starting to live the dream they thought was dead, is sick and demented.  

Enjoy the economic revival.  Why Would You Want to be Miserable Like the Leftist Democrats and their Media!  

RD Pierini

@RDPierini

 

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Trump Manipulates the Media Again and Puts the “Squad” Front and Center in Democrat Party!

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President “D” did it again!  He tweaked the Media and the Leftist Democrats into bringing the Squad back to the forefront of the Democrat Party and totally obliterated any coverage of the weak primary candidates.  He also took the wind out of Pelosi’s gun control sails!  There is no doubt that the old line leadership of the Democrat Party is feckless in dealing with the President and their own radical members of Congress!

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This latest misdirection involved the two radical, Pro-Palestinian, Anti-Semitic members, Rashida Tlaib and Ilhan Omar.  They shunned the Pelosi led delegation to the Middle East then tried to visit Israel on their own.  Their efforts were aided and abetted by Pro-Palestinian, Anti-Semitic, anti-Israel, BDS (Boycott, Divestment, and Sanctions against the State of Israel) radical groups who seek to eliminate Israel as a State and replace it with a Palestinian State.  Tlaib actually said she wanted to visit “Palestine” rather than recognize the existence of the State of Israel. 

Trump supported Israel denying them entrance into Israel as they were intent on using the trip to promote BDS and Palestine as the one State solution with the elimination of the Israeli State.  Israel rightly denied them entrance.  Tlaib later request a humanitarian visa to allow her to visit her Palestinian grandmother.  Israel granted her this accommodation then Tlaib rejected the offer blaming Israel for forcing her to not visit her grandmother as she would have to basically keep her mouth shut while in Israel.  

Of course, the left-wing media and the out-maneuvered Democrat leadership blamed Trump and Israel for denying this poor girl the right to visit her aged grandmother.  But, it was Tlaib’s choice to opt out of the visit.  The President continued to rub salt in Tlaib’s wounded ego by ending one tweet with the statement, “The only real winner here is Tlaib’s grandmother,  She doesn’t have to see her now!

What happened to Pelosi and Schumer’s gun control push?   What happened to the Democrat Primary and their media coverage?  What happened to the Media drumbeat promoting that the US was most certain to go into a recession?  TRUMP HAPPENED!  He used the squad again to completely make Pelosi and Schumer irreverent; made the media chase the new shiny object of Trump colluding with Israel to deny a member of Congress entrance into Israel; he used the news about the squad to completely overshadow Democrat leadership and raised serious questions regarding the actual strength of the Democrat leadership!

The funny thing is that the President doesn’t even have to break a sweat to dominate the news cycle.  The left will ultimately shoot themselves in the foot and he is standing by to help them reload!

The only left-wing winner last week was Fredo Cuomo as this dust-up took the spotlight away from his idiotic rant!

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RD Pierini

@RDPierini

Trump China Tariff Policy-Win-Win for the US!

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Watching the pundits and supposed political/business “experts” on TV would be comical if the stakes were not so high in the current US/China trade issues.  I would suggest to those TV talking heads that they should read Trump’s past books in order to “get it” and understand what Trump’s play is in this “trade war”.

Trump has two primary and simple objectives:

  • To rebalance our trade with China and eliminate the $500 billion trade deficit with China.
  • To eliminate the intellectual property theft by China from US companies doing business in China.

That’s it!  But, what is his strategy?  His tweets are confusing!  He seems to be jumping around with what he wants out of China from day to day.

Pay careful attention.   Here is the Win-Win:

  • Trump wins if China NEVER agrees to a trade deal!  Really?  Yep.  How?  Well, the US will collect about $100 billion per year in tariffs even if Trump does not raise them any higher.  That will reduce our trade deficit to $400 billion by itself (20% reduction).  During the ensuing months, US companies will have to find other countries, including the US, to produce their products.  This is the “revamping of the supply chain” that you hear about.  China will continue to lose manufacturing businesses to other countries and the US consumer will not see any significant price increases.  (July consumer price index rise was well below the FED inflation target!)  Why, because, until those companies leave China, China will have to keep devaluing their currency, negating the impact of our tariffs, as well as keep subsidizing its companies in order for them to compete with the tariff penalty.  China has to pay for the tariffs or risk losing manufacturing business even faster!  IF China continues to stonewall the negotiations, in time they will lose our business to other nations who are not subject to our tariffs.  Further, since our companies are leaving China, no further intellectual property theft will take place.  But the biggest prize Trump is seeking IS THE WEAKENING OF CHINA AND A WEAKENING OF THEIR MILITARIZATION POLICIES.  Without US trade, China’s cash flow will dwindle and they will be forced to reduce military spending just to keep their domestic base happy.
  • Trump Wins If China Agrees to a Trade Deal!  Trump will not back down on rebalancing our trade and eliminate our trade deficit with China as well as stopping China’s theft of our intellectual property.  He has no need to negotiate these away as he benefits that longer this drags on.  The only risk he is running is whether inflation, based on price increases due to his tariffs, starts hitting our consumers.  But, Trump is keeping pressure on oil producing nations to keep gas prices down (1 cent at the pump puts $1 billion back into our consumer’s pockets), all the while using the tariff income to subsidize our industries who may be suffering from China backing out of purchasing US goods. 

Trump is also betting that he has a second term as this trade war may not end, either way, during a single term.  China thinks that it has nothing to lose by waiting Trump out in the hopes that he is defeated in November of 2020.  Think again.  Trump will win again and at that point he will NOT need China to sign the deal.  He can merely wait them out until all of our companies have revamped their supply chains and abandon China altogether…  Then, Trump also wins the “cold war” with China in terms of its military build-up. 

Trump is already warning US companies to stop putting all of their eggs in China’s basket.  Apple is probably the most vulnerable as it relies almost 100% on China to product its products.  This would be a bad strategy regardless of the tariff war.  To give China that kind of power over your company is simply bad business.  Others are in a similar predicament.

All the talk about how strong China is economically is rubbish.  The US GDP is $21.5 Trillion while China is only $14.2 Trillion.  Looking at per capita GDP, the US in 2019 will come in at $65,062 per person while China will continue to lag behind at $10,099 per person.  The current “trade war” is hurting China and will continue to do so unless they come to the table.

When you hear the talking heads say Trump’s China policy is not effective, change the channel.  They clearly do not get Trump’s policy, economic or military.  

RD Pierini

@RDPierini

 

“Red Flag Laws”, The Key to Stopping Mass Killings or a Slippery Slope?

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Tragedy, heartache, anger, sorrow, and loss.  But is there really a solution and are Red Flag Laws part of the answer…?

The sign above outside of the El Paso Mall where 22 were killed and dozens more injured, makes the statement, “United We Stand”.  But what are we standing for?  What will bring us together?  What is the root cause of the mass killer pathology?  Do we really believe that politicians can check their biases and political talking points at the door and really dig into the issue?

What are “Red Flag Laws”?

Before you endorse or condemn the proposition of Red Flag Laws, I suggest you go on a streaming service and watch “Minority Report”.  This film was released in 2002 by Steven Spielberg and starred Tom Cruise.  In the movie, there were three people who had “special powers” (Pre-Cogs) that allowed them to predict crimes before they were committed.  The movie has an interesting twist on who was outed to be the next murderer.  Watch it.

The premise of Red Flag Laws is to have society out a person or persons who exhibit behavior that may threaten themselves or others.  A law would allow specific persons, family members, teachers, police or other designated individuals to petition a court to order a temporary removal of weapons from a person or persons who have exhibited threatening behavior.  A judge would make the determination as to whether law enforcement should remove all weapons from the accused.  The time that the weapons would be withheld would be determined the law or by the judge.  During the quarantine period, ostensibly law enforcement or some other group would investigate the legitimacy of the claim against the accused and if the individual is truly a threat to themselves or others.  If not, the weapons would be returned to the accused.

Remember the Patriot Act that gave the FISA courts power to surveil US citizens, without due process, to determine IF the target being surveilled was guilty of anything WITHOUT ANY LEGAL REPRESENTATION!  FISA Abuse is not well documented against the Trump Campaign and Presidency.  Keep this in mind…

Now, I wrote the above generically and did not spell out what kinds of weapons would be included or nor get into a lot of detail controlling the conduct of this “due process” law.  The reason is that Red Flag Laws are not hypothetical and in fact, as of today, 17 States and the District of Columbia have adopted some form of a Red Flag Law!  Did you know that?  The good or bad news is that these State laws differ considerably as to process and extent of enforcement.  

Lets take the 5 primary pieces of a Red Flag Law and look at each of these processes.  When talking about these processes, I’ll use YOU as the accused and that any confiscation order would not only include firearms but explosives, knives, bow and arrows and any other instrument that could be used as a weapon.

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1. Designated Finger Pointers:  So, the idea is that family member of YOURS or other designated people of various capacities would have the power to finger YOU as dangerous to YOURSELF or others.  But, will lawmakers limit this power to YOUR family members, police, or teachers, or will they allow regulators to expand this power to literally the public at large?  Opening this power to point the finger at YOU to the public invites, and I argue encourages, false accusations and taking bullying to a level we have not imagined.

2. Judicial Due Process:  Due Process is the procedure that allows YOU to defend YOURSELF against allegations.  In this case, someone would have fingered YOU as being dangerous to YOURSELF or others.  The next step would be for YOU to go before a judge, State or Federal, and defend YOURSELF for an ACT that YOU have NOT Committed Yet!  Who is going to pay for YOUR legal fees?  

So, what will be the criteria that the Judge will use to determine if YOU are dangerous to YOURSELF or others?  Will the legislation be specific in terms the criteria to determine YOUR level of threat or leave it to the judge to be clairvoyant in determining if YOU will commit an act of violence that has NOT taken place yet?  Is Congress, and arguably, anyone, even be qualified to determine this criteria?  Imagine that YOUR ability to exercise your 2nd Amendment rights would be determined by criteria defined by AOC or Maxine Waters!  

3. Order to Seize:  Assume that the judge thinks YOU are a threat to YOURSELF or others and orders that law enforcement to confiscate your weapons.  I assume that law enforcement would remove all classes of weapons at your primary residence and issue some sort of order prohibiting YOU from acquiring new replacement weapons until it is determined that YOU are not a threat to yourself or others.  How about weapons that are stored by at your family or friends?

4. Order to Assess:  The Law would have to contain designated processes that YOU will be subjected to in order to assess YOUR fitness to possess weaponry.  Ostensibly this would include psychiatric examinations, physical examinations, interviews with YOUR family, friends, employers, co-workers, spouse/girl/boy friends, and other acquaintances YOU have interacted with throughout your life.  YOU may have to surrender all of YOUR social media, email and text Userids/passwords so they could be reviewed as well.  In the end, all of those involved in this process would have a tainted view of YOU and your fitness regardless of the judicial outcome.  

5. Assessment Judgement:  The Law would have to define what the judge would be able to do to YOUR freedom based on YOUR ASSESSMENT.  For the sake of simplicity, let’s assume that YOU would be subjected to one of two possible outcomes.  One, that YOU were judged to fit to possess weapons.  Two, that YOU were not judged to be fit to possess weapons.  This latter outcome then turns YOUR life upside down…

5a: Fit Assessment:  The Law would have to specify the conditions, if any, for YOU to possess weapons.  So basically, YOU were accused of potentially being dangerous to YOURSELF or others and found that YOU were not a threat.  In the process, YOU underwent an historical colonoscopy and sunshined YOUR life to everyone you have ever known!   Presumably, you have not had to pay for YOUR defense of a crime that never took place.  A “Fit Assessment” merely means that YOU were potentially accused without cause but “we” had to make sure!  

5b. Unfit Assessment:  The Law would have to specify what actions would be undertaken to make YOU fit to possess weapons or if YOU should ever be allowed to possess weapons.  I suppose that the process would include deep dive psychotherapy, possible pharmaceutical therapy, and whatever else Congress deems to be appropriate to make YOU a fit US citizens.  Could you be incarcerated if your therapy determined that you were a threat to YOURSELF or others?  Could YOU be permanently be banned from possessing all forms of weapons?  Possibly.

Are Red Flag Laws Good or Bad?

YES!  In a perfect world, with unbiased peers and family, unbiased politicians and judges, unbiased physicians and psychiatrists, you may be able to devise a system to prevent future crimes including mass murders.  In an unbiased world!

But, we do not live in an unbiased world.  How long would it be before a political opponent, a business competitor, a social enemy, or someone you don’t even know, accuses their opponent, competitor, enemy, or total stranger of being a danger without any evidence?  Can you really say that this law would not be abused in light of the fact that the FISA Court process was bastardized and turned against a political enemy of the DOJ/FBI!

The subject of another future article will be a discussion of the causal factors of mass murders.  Potential remedial actions and sociological changes that will be needed to eliminate this horrid phenomena.  In the interim, stop and think for yourself when you hear pundits and politicians spew “remedies” to make us all safe.  Always ask, “Would this solution stop mass murders”?  “Is it the instrument or the person”?

PS:  I hate to be a cynic, but I think if we wait 5-10 days, the media and the politicians will have moved on to the next “crisis”.

RD Pierini

@RDPierini

 

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