Tuesday, December 8, 2020

"Market Fantasy Updates PM 12/8/20"

"Market Fantasy Updates PM 12/8/20"
Down the rabbit hole of psychopathic greed and insanity...
Only the consequences are real - to you!
"The more I see of the monied classes, 
the better I understand the guillotine."
- George Bernard Shaw
Gregory Mannarino, PM 12/8/20:
"Freak Show: Market Hits All-Time New High;
 I Reveal A Secret!"
Updated live.
Daily Update (Dec. 8th to Dec. 10th)
Insanity... 
And now... The End Game...

The Daily "Near You?"

Arkansas City, Kansas, USA. Thanks for stopping by!

"Science Über Alles"

"Science Über Alles"
by Bill Bonner

"But the Earth does move!"
– Physicist and philosopher, Galileo Galilei, 
recanting his recantation, after being tried for heresy.

WEST RIVER, MARYLAND – "Now in its tenth month in the U.S., the coronavirus is becoming as familiar as bad breath. And many of the things we knew for sure about it in March… well… we’re not so sure anymore.

At first, we were told that face masks weren’t important. Later, we were told that the public health officials simply lied scientifically; they were afraid people might buy up all the available masks… thus depriving the “first line defenders” of their precious armor. Then, face masks became compulsory. “The science” tells us that they help prevent the spread of the coronavirus. But if that were so, how come places that require face masks don’t have lower case counts? According to the COVID Tracking Project, there is no difference in caseloads between places where face masks are required by law… and places where they are not. We don’t know whether face masks help or not. But neither do the “scientists.”

Evolving Science: Today, we write with no new information. Instead, we have an old observation: Science is overrated. Every society has its elites – people with brains, ambition, talent, and confidence. These elites turn to government to get power. Then, they use that power to get money.

In the very old days, they claimed a special relationship with God. Today, it is scientific Truth that sits on their shoulders and whispers in their ears. But science is never fixed… never solid… never, ever figured out. Instead, it drifts on a river of uncertainty… picking up useful insights along the way… but never knowing where it is going, and never arriving at its final destination. One hypothesis is put forward. And then, discredited, another takes its place.

Aristotle wrote his essay, "Physics", in the 4th century BC. Then came Ptolemy… Copernicus… Galileo… Newton… and Einstein. And then, leaving Einstein like a baby abandoned in the bullrushes, came Werner Heisenberg, with his quantum physics. Each one brought not just an incremental improvement, but a revolution. Each one came up with a better model. But none discovered the Complete Truth.

Always in Doubt: Only a quack scientist would ever say, “Lockdowns and face masks work.” Real scientists know that lockdowns and face masks are only ways to implement a hypothesis…that the coronavirus can be slowed by putting up barriers, which itself is just part of another hypothesis…that we should slow down the virus rather than let it speed up, a subset of still another hypothesis that it is better not to get the virus than to get it…which is just a subset of a further hypothesis, and so on.

Scientists never know anything for sure. Everything is a hypothesis. And it is only valid until it is disproven. Always and everywhere is doubt. We have only a few pieces of the puzzle. Yes, we add pieces from time to time… And yes, we have a better picture today than we had 100 years ago. But a real scientist knows that a few more pieces might alter the scene completely.

Brightest and Best: Pharaoh claimed to be a god himself. Later kings and queens claimed to have been divinely appointed. And now, we have leaders who think they have the right to boss us around – as long as they get a majority vote in the Electoral College.

When few people could read, the elites were said to have the Truth available to them – and only them – in the sacred books. And then, when reading and writing became ubiquitous, the Truth was made available to all through the public schools. There, children were taught to pledge allegiance to the flag and to the Republic for which it stands. In “civics” class, they learned that democracy inevitably puts the brightest and best in command.

And these enlightened leaders claim to be guided neither by gods nor by tradition nor by self-interest… but by “The Science.” With their Ph.D. advisers, they can be counted on to make the best decisions in every arena – foreign policy, domestic policy, money matters, public health issues… you name it.

Scientific Socialism: The Nazis claimed, for example, that their master race theories were based on the science of eugenics (improving the human race), which was very popular before Hitler gave it a bad name. Margaret Sanger, Woodrow Wilson, Theodore Roosevelt, John Maynard Keynes, and Linus Pauling all favored it to one degree or another. Germany’s race laws were supposedly based on California’s eugenics laws of the early 20th century.

Over in the Soviet Union, meanwhile, the Bolsheviks advertised that their whole system was based on science, from the Kremlin to the Gulag Archipelago. “Scientific socialism” they called it. The term was used by German philosopher Friedrich Engels, among others, to describe a society ordered along supposedly rationalist – rather than traditionalist – lines. Why leave it to the capricious “market” to decide who gets what, in other words? The Communist Party elite could decide it themselves.

Constitutional Rights Trump Science: And in today’s America, many people are ready, once again, to bow before the graven image of Science. Here’s Jeffrey Sachs, director of the Center for Sustainable Development at Columbia University, claiming that science should overrule the U.S. Constitution: "When it ruled this week against New York state’s decision to limit religious gatherings in a few high-incidence parts of New York City, the court proved the dangers of scientifically illiterate judges overturning government decisions that were based on scientific evidence.

Quick-witted readers will realize that the Constitution clearly gives citizens the right to go to church. The Supreme Court did not say – in this year of The Plague – whether it was a good idea or not. It merely pointed out the obvious fact that observing the fundamental law of the land, as written in the Constitution, is not optional. Neither the mayor, the city council, nor the governor had the right to ignore it."

Dear Readers who have been doing their homework also know that the “science” supporting lockdowns… close-outs… and button-ups is weak, at best. Wearing a mask may or may not prevent you from spreading the virus… or from getting it; we don’t know. But we also know that the Constitution was written to limit the power of the feds – even when there’s a nasty bug going around.

Recall, too, that science worshippers went into hysterics when Amy Barrett, during her Supreme Court confirmation hearings, dared to doubt the Global Climate Change creed. Said Ms. Barrett: "I don’t think that my views on global warming or climate change are relevant to the job I would do as a judge. Nor do I feel like I have views that are informed enough, and I haven’t studied scientific data. I’m not really in a position to offer any kind of informed opinion."

Fake scientists cannot tolerate open minds. It is like knocking over tombstones, says Shana Lazerow, a busybody in California: "The people who will be impacted the most are the low-income communities of color who already bear a disproportionate burden of our society’s industrial activities. Striking down our climate protections is a specific act of racism."

Suspend Your Disbelief: But here at the Diary, our beat is money… And that is where we find the most strident and most delusional of the science disciples. There, they must not only suspend their disbelief… they must leave their good sense dangling, too, like a heretic hung from a willow tree. Stay tuned."

"A Little Late..."

 

"A Resolving Picture"

"A Resolving Picture"
by Jim Kunstler

"Much as Chief Justice John Roberts would like to be the finger down the Deep State’s throat to trigger the up-chucking of Mr. Trump from the nation’s gullet, it looks like he won’t get his chance in the new 6-3 disposition of the US Supreme Court. So far, it is Justice Samuel Alito in the lead, preparing a landing zone for the President’s case against the state of Pennsylvania in its shabby-ass attempt to stuff its ballot boxes with iffy mail-in votes. I believe that case is going to be heard, and Justice Robert’s position will be moot.

The problem over in PA is that its Act 77 bill passed before the election by the state legislature to expand absentee balloting (i.e., mail-in voting) did not comply with the PA state constitution, and required a constitutional amendment, which never happened. Could be pretty cut-and-dried. While the SCOTUS is thought to be reluctant to intervene in state constitutional issues, a case involving federal elections may prove an exception. And then there are other issues with the states of Georgia, Michigan, Wisconsin, Nevada, and Arizona. A lot of electoral votes there.

The virtual takeover of US elections by the Dominion vote tabulation company was a stealth operation probably enabled by the connivance of scores of elected officials at both the federal and state levels - senators, congressmen, governors, and on down. It’s been going on for years due to the secrecy of the op and the complacency of the public, with a little help from the Democratic Party’s friends in the news media. Did money change hands? Potential criminal violations abound.

What on earth was Canada-based Dominion, with its grotty Smartmatic software - connected to Venezuela and to George Soros’s would-be world-changing Open Society Foundation, and very possibly to China’s ruling party - doing in charge of counting our votes? Perhaps serving something other than America’s national interest. We’ll soon find out in a way that will make a lot of heads explode.

An awful lot has been churning in the deep background for months before the election. Mr. Trump was onto the mass write-in vote scam enabled by the media-assisted hysteria over Covid-19. The wheels of genuine US intel against national security threats still turned in spite of whatever Deep State perfidy had been aimed at Mr. Trump himself from Day One in office, and the president made use of his own private counter-intel hackers to suss out the game - which was finally to overthrow him by ballot fraud. The result was Executive Order 13848 issued in September 2020, which specified foreign interference in elections as “an unusual and extraordinary threat to national security” and laid out some pretty stringent remedies.

The main one was a requirement for the top executive agencies - DOJ, DOD, Homeland Security, Treasury plus the Director of National Intelligence (Mr. Ratcliff) - to deliver an assessment within 45 days of the election. We’re now in the sweet-spot of that 45-day delivery period when something has to pop. Looks a little like the AG, Mr. Barr, has been dithering and wriggling painfully over this, and even making noises about resigning. But he may have already surrendered his credibility, with the foot-dragging of the FBI under Christopher Wray and the agency’s apparent lack of interest in election fraud. The consequences of EO 13848 will roll out with him or without him.

The real action was over at the Department of Defense, where the President hastily cleaned house this fall and installed the trustworthy Christopher Miller as SecDef, along with top aide Kash Patel and Joshua Cohen-Watnick as Acting Under Secretary of Defense for Intelligence and Security. Mr. Cohen-Watnick had been an assistant to General Michael Flynn, former Director of Defense Intelligence, in his brief tenure as National Security Advisor before getting sandbagged by Barack Obama and James Comey.

Both Mr. Cohen-Watnick and General Flynn are intimately familiar with the apparatus of Defense Intelligence, of course, and have been actively using it to identify DNC and Joe Biden activists who played a role in election irregularities as well as foreign actors. This wasn’t any RussiaGate type bullshit; it was the real deal. EO 13848 includes this provision:

"The report shall identify any material issues of fact with respect to these matters that the Attorney General and the Secretary of Homeland Security are unable to evaluate or reach agreement on at the time the report is submitted. The report shall also include updates and recommendations, when appropriate, regarding remedial actions to be taken by the United States Government, other than the sanctions described in sections 2 and 3 of this order.”

The “remedial actions” are interesting. They include pretty severe sanctions against any “persons” (entity or company) involved in or enabling foreign interference in elections: attaching property in the US, blocking trade, and an array of financial restrictions and penalties. The EO does not spell out criminal penalties that might fall under the sedition and treason statutes, but expect these to be activated as the law provides. Quite a few political celebrities and figures in the news and social media may have exposed themselves to liability in this. If it doesn’t mean the end of Facebook or Twitter, it may spell the end of Mark Zuckerberg and Jack Dorsey running them. Also include the less-well-known execs at The WashPo, The New York Times, and several cable news networks.

Eventually, Mr. Trump will have to personally deliver the bad news to Joe Biden that he and Dr. Jill won’t be attending the inaugural ball on January 20 (live or on Zoom). Sound too wild to be true? Well, stand by on it. We’ll know soon enough."

"Covid Is Toppling America's 'Points of Failure' Dominoes"

"Covid Is Toppling America's 'Points of Failure' Dominoes"
by Charles Hugh Smith

"America's many points of failure - leverage points where a break brings down the entire system - are falling like dominoes, a process catalyzed by Covid. These systemic points of failure have been masked for the past 20 years by the widespread distribution of trillions of dollars, either printed or borrowed. There's no point of failure that can't be glued together or covered up a bit longer with fountains of cash. That's the American way of solving problems: just throw more money at it.

Unfortunately for America, substituting borrowed trillions for real problem-solving generates its own set of problems, problems that increase the system's vulnerability to collapse. Healthcare/sickcare is a leading example of this: as the corruption, pay-to-play and profiteering deepened, the federal government's endless borrowed trillions boosted healthcare/ sickcare from 5% of the nation's economy to roughly 20% today. "Covid Is Revealing the Cancerous Underbelly of U.S. Healthcare".

As I've noted for a decade, this has created an enormous fragility: healthcare is now so immense that it will bankrupt the nation all by itself. Once the corrupt, pay-to-play, profiteering sectors such as healthcare and banking become "too big to fail," then the Federal Reserve and Treasury are obliged to bail them out or continue funding their spiraling-out-of-control demands.

Speaking of "too big to fail," look at the voracious monster the Fed's endless monetary goosing has incentivized - a financial system addicted to Fed "free money," soaring debt, accelerating leverage and near-infinite speculation.

Given that the Fed has effectively promised to backstop all of Wall Street's bets, bail out every major player and never let the stock market falter for longer than three weeks, the Fed has created this incentive structure: there is no risk at all in borrowing billions, leveraging it into tens of billions and then dumping these multiplying billions into the most speculative bets available. And so that's what every fund manager, hedge funder, punter, gambler and guru has done, and been richly rewarded for doing so.

There's just one tiny little second-order consequence of the Fed's incentivizing debt, leverage and speculation: wealth and income inequality have reached such extremes that they've unraveled the social order. Social cohesion: gone. The social contract: shredded. Social disorder: in the first inning of a very long game.

Now the Fed is backtracking while it laughingly claims its policies didn't have anything to do with America's skyrocketing wealth/income inequality. That the Fed is well aware of the destructive consequences of its endless quantitative easing is evidenced by their recent proposals (FedNow) to start sending "free money" directly to households via a new system of household accounts at the Fed. (Look for an initial rollout by 2022.)

Sorry Fed, it's too late. The dominoes are already toppling, and every point of failure is being exploited by the catalyzing effects of Covid, either first-order or second-order effects. Every weak point - corruption, incompetence, bureaucratic sclerosis, self-serving insiders, counterproductive complexity, regulatory thickets, clinging to the past, and most especially doing more of what's failed spectacularly - will give way, bringing down existing systems with a momentum that will surprise all those who thought every system in America was rock-solid and forever.

Two words will define 2021: acceleration and amplitude. The catalyzing effects will accelerate throughout all the interconnected systems like wildfire and the consequences will move rapidly from linear (predictable) to non-linear (geometric, unpredictable) as each weakness is amplified by the self-reinforcing dynamics unleashed as every point of failure triggers another failure in a connected system."

Gregory Mannarino, AM 12/8/20: "Be Ready For An EPIC Engineered Crisis In The Debt Market To Hit"

Down the rabbit hole of psychopathic greed and insanity...
Only the consequences are real - to you!
Gregory Mannarino, AM 12/8/20:
"Be Ready For An EPIC Engineered 
Crisis In The Debt Market To Hit"
“Wall Street had been doing business with pieces of paper; and now someone asked for a dollar, and it was discovered that the dollar had been mislaid. It was an experience for which the captains of industry were not entirely prepared; they had forgotten the public. It was like some great convulsion of nature, which made mockery of all the powers of men, and left the beholder dazed and terrified. In Wall Street men stood as if in a valley, and saw far above them the starting of an avalanche; they stood fascinated with horror, and watched it gathering headway; saw the clouds of dust rising up, and heard the roar of it swelling, and realized it was only a matter of time before it swept them to their destruction... But it is difficult to get a man to understand something when his salary depends upon him not understanding it."
- Upton Sinclair, "The Moneychangers"

"How It Really Was, And Is"

 
Click image for larger size.

Related:

DEC 8, 2020 12:55 PM: "Rand Paul: No Scientific Evidence "Tyrannical" Lockdowns Work"

DEC 8, 2020 9:54 AM: "Admiral Giroir Slams Bans On Outdoor Dining As Without Scientific Basis"

"The Most Beautiful Lies..."

"Memories and feelings of nostalgia are nothing more than cruelties; they are the most beautiful lies we will ever convince ourselves to believe. We chase the false hope so fiercely that we nearly push ourselves past the edges of our sanity, longing for that which can never be in our possession again. These edges are blurred by our regrets and desperation all throughout the darkest hours of the night, until finally we are set free from the illusions and the ghosts of our past with the rising of the sun... and we are changed in some small, yet permanent way."
- Margaret E. Rise

Monday, December 7, 2020

"Hedge Funds Wait For Housing Crisis; Real Estate Utopia; Food Is A Luxury; Signs Of Uncertainty"

Jeremiah Babe,
"Hedge Funds Wait For Housing Crisis; Real Estate Utopia;
Food Is A Luxury; Signs Of Uncertainty"

"This Is Going To Be The Worst Winter For The U.S. Economy In Modern Times"

"This Is Going To Be The Worst Winter For 
The U.S. Economy In Modern Times"
by Epic Economist

"The darkest, toughest winter this country has ever experienced since the 1930's Great Depression has just started. A new round of lockdowns is about to wreak havoc on hundreds of thousands of small businesses across the nation, pushing workers to unemployment days before a period that used to be marked by celebration and festivities. Americans are about to lose the aid that has been helping them to stay afloat during the current recession and many are having to make aching decisions in face of their lack of income and growing debt. 

Living paycheck-to-paycheck, more than 60% of the population is about to face major struggles as the economic activity freezes once again. Over 33 million are already under stay-at-home orders and many more are to come since we seem to be at the worst peak of the outbreak ever registered. In this video, we expose the damaging effects of the shutdown of our economy on our businesses and our lives. 

Amid a tragic spike in confirmed viral cases and hospitalization rates, several governors decided that the best they could do to prevent the situation from spiraling out of control would be to enforce rigorous lockdowns that have been choking the life out of our economic activity. 

In California, Governor Gavin Newsom has issued a stay-at-home order and about 33 million Californians, which represents 84% of the state’s population, are going to have their right to free movement temporarily removed, being impeded from gathering indoors and outdoors, and having their daily lives significantly disrupted since hundreds of thousands of businesses are being obligated to shut down their operations. 

The Orange County Supervisor Lisa Bartlett has described how some business sectors are being “unfairly punished” by the new regulations. A matter that should be the government's responsibility through the enaction of efficient education about safe health measures and effective public policies that could indeed help to bend the curb has turned out to be a huge bill that is going to be ultimately paid by small business owners.

There are alternatives for the shutdown, but authorities waited for the situation to get calamitous to start taking action, and now that hospitals are completely overwhelmed governors seem to think that it's reasonable to radically close some sectors of the economy without pondering about the consequences. Several small business that operated in California for generations and now are finding themselves on the verge of extinction. 

Rory Cox, the founder of the San Francisco Small Business Alliance, said to be talking with numerous small business owners around the city, and every story is sadder than the next. Several Bay Area small businesses that survived the first round of lockdowns but were left hanging by a thread are currently facing their inevitable downfall. During the first time, outdoor dining was still allowed if owners and customers followed safety protocols. But this time around, there is no compromise.

The truth is, in spite of the strict rules, people didn't stop gathering, they are just choosing different kinds of locations. Most of these private reunions have little to no regulation at all regarding health safety measures, which shows how the governmental response hasn't been actually successful in mapping and controlling the surge of viral cases.

In fact, due to the massive wave of lay-offs prompted by the shutdowns, a recent survey found that one in four Americans, or nearly 63%, have disclosed not to feel that their income is stable. Living paycheck-to-paycheck since March, and without any further federal aid on the horizon, a quarter of the respondents to the poll affirmed they've built up over $10,000 in credit card debt while covering their expenses. 

What used to be the most festive part of the year, is now becoming marked by the struggles of millions of Americans who are being forced to make aching decisions in face of the growing number of lay-offs during this holiday season. Each number on these rates has a name and a story. These workers have been relying on unemployment benefits that are about to expire the day after Christmas. 

Authorities have stripped away any real prospects for an economic recovery with the enforcement of new lockdowns. And Congress doesn't seem to bother in enacting another stimulus relief to ease the pain of those most affected by the economic downturn. Now, millions upon millions were left to struggle with the effects of a crisis that was perfectly avoidable, and unfortunately, there will be a lot more pain for our great workers and our once-great nation over the next chapters of this devastating economic collapse."

"Who Counts the Votes of the Presidential Electors?"

"Who Counts the Votes of the Presidential Electors?"
by Alexander Macris

"Those who cast the votes decide nothing. Those who count the votes decide everything." The quote is ascribed to Joseph Stalin, although there’s little evidence that he actually said it. Nevertheless, it resonates as true. Certainly America stands in crisis now because of disagreements about the count of the popular vote.

But the President of the United States isn’t actually elected by the popular vote. He’s elected by the college of presidential electors. As I noted in a previous article, one of the most important questions in this crisis is whether the state legislatures can appoint presidential electors to cast their votes in opposition to the popular vote. But there is another question: Who counts the votes cast by the presidential electors? If “those who count the votes decide everything,” as Stalin said, then this is the most important question in American history.

The Constitutional Argument: The U.S. Constitution governs the election of the President. The controlling provision is the Twelfth Amendment, which states that: “The President of the Senate shall, in the presence of the Senate and House of Representatives, open all the certificates and the votes shall then be counted.”

What does that mean? In “Preparing for a Disputed Presidential Election” (51 Loyola University Chicago Law Journal 2018), Edward B. Foley explains: "The peculiar passive-voice phrasing of this crucial sentence opens up the possibility of interpreting it to provide that the “President of the Senate” has the exclusive constitutional authority to determine which “certificates” to “open” and thus which electoral votes “to be counted.”

This interpretation can derive support from the observation that the President of the Senate is the only officer, or instrumentality, of government given an active role in the process of opening the certificates and counting the electoral votes from the states. The Senate and House of Representatives, on this view, have an observational role only. The opening and counting are conducted in their “presence” - for the sake of transparency - but these two legislative bodies do not actually take any actions of their own in this opening and counting process. How could they? Under the Constitution, the Senate and the House of Representatives only act separately, as entirely distinct legislative chambers. They have no constitutional way to act together as one amalgamated corpus. Thus, they can only watch as the President of the Senate opens the certificates of electoral votes from the states and announces the count of the electoral votes contained therein.

This interpretation of the Twelfth Amendment is bolstered, moreover, by the further observation that the responsibility to definitively decide which electoral votes from each state are entitled to be counted must be lodged ultimately in some singular authority of the federal government. If one body could decide the question one way, while another body could reach the opposite conclusion, then there inevitably is a stalemate unless and until a single authority is identified with the power to settle the matter once and for all. Given the language of the Twelfth Amendment, whatever its ambiguity and potential policy objections, there is no other possible single authority to identify for this purpose besides the President of the Senate. (emphasis added)"

Foley is not alone in this analysis. Another prominent jurist, John Harrison, makes an even more forceful case. Harrison argues in “Nobody for President,” (16 J.L. & Pol., 2000), that the most natural reading of the Twelfth Amendment grants the opening-and-counting power to the President of the Senate: "The Twelfth Amendment provides that in the presence of the two houses, [the President of the Senate] shall open all the certificates from the electors. But as history shows, there can be more than one purported certificate from a state. Indeed, multiple purported certificates may be the most common cause of dispute. The certificates that the President of the Senate is to open, however, are those of the electors, not those of non-electors. Hence, in order to know which certificates to open, the President of the Senate must know which of competing slates of electors were validly appointed.

…A natural reading [of the Twelfth Amendment] thus indicates that in one especially important context, the dispute is to be resolved by a single individual. Neither House nor Senate is given any authority over the President of the Senate when it comes to opening the certificates, and Congress by statute may not control the exercise of this constitutionally granted authority any more than it may tell the President who to pardon. (emphasis added)"

Now the President of the Senate is actually the Vice President of the United States - Trump’s running mate, Mike Pence. If Foley and Harrison are correct, then Mike Pence may be the most powerful man in America right now!

The Historical Argument: Constitutional law is not, of course, merely a matter of language analysis. The intent of the Framers, the history of the Republic, and the interpretations of past jurists all bear weight. But here, too, there is much evidence for the case that Pence has the power to open and count the votes of the presidential electors. As Foley regretfully explains: "Whatever each of us personally thinks of this interpretative argument, it is necessary to acknowledge that it has a significant historical pedigree. It routinely had its advocates in the years leading up to the disputed election of 1876. During that intense dispute, it was conveniently invoked by Republicans, since the President of the Senate was one of their own at the time. After the resolution of that ugly dispute, the argument was resurrected by some during the congressional debates that led to passage of the Electoral Count Act of 1887…"

What is the historical pedigree to which Foley refers? The Congressional Record of the passage of the Electoral Count Act records the opinion of many prominent legislators who held the view that the President of the Senate opens and counts the votes, even though some weren’t happy about it: “The counting function is vested in the President of the Senate and the Necessary and Proper Clause does not confer on Congress the power to assume unto itself the duty which the Constitution imposes on that officer.” - Sen. Wilson

“If the Constitution…does…by fair implication, vest in the President of the Senate the power and duty not only to open, but also to count, the votes, then Congress can not, by this or any other legislation, take away or transfer to any other “person or officer that power and duty; - Rep. Baker

“The Constitution says that ‘the votes shall then be counted,’ and if this mandate be addressed to the President of the Senate, that ends the question so far as the counting is concerned. The Constitution has then entrusted him with the whole power, and any legislation to direct him, would be an impertinent intrusion upon his prerogative.” - Sen. Spear

“The President of the Senate’s discretion in opening certificates shows the necessity of an amendment of the Constitution.” - Sen Morton. 

Foley, also obviously unhappy with this situation, goes on to explain: "Thus Republicans can point to the historical pedigree of this position, observing that Republicans made the same argument during the disputed election of 1876 and that at least some recent law journal scholarship has supported this position. Unembarrassed by the apparent conflict of interest caused by Mike Pence simultaneously being a candidate for reelection and arbiter of the electoral dispute, these Republicans observe that Thomas Jefferson was in essentially the same position during the disputed election of 1800 and yet the Twelfth Amendment left this provision in place when Congress rewrote the procedures for the Electoral College afterwards."

Wait, Thomas Jefferson pulled this trick? Indeed he did. The 1800 Presidential election was a contest between Jefferson, Aaron Burr, John Adams, Charles Pinckney, and John Jay. Jefferson, as the current Vice President, was the President of the Senate when it came time to count the votes. And he counted them in his own favor! Bruce Ackerman and David Fontana explain what happened in their article “Thomas Jefferson Counts Himself into the Presidency” (90 Virginia Law Review 2004, 551-643):

Thomas Jefferson was remarkably aggressive as President of the Senate. Georgia’s certificate - granting four electoral votes to Jefferson - was constitutionally defective on its face, a deficiency that was announced on the floor of Congress and reported by leading newspapers of the day. To resolve all doubts, we have located Georgia’s certificate in the National Archives, and it does indeed reveal striking constitutional irregularities…

Nevertheless, Jefferson failed to pause before counting George’s four electoral votes into the Republican column, declaring the final vote as if nothing were amiss. Had Georgia’s ballot been excluded, the vote count…would have admitted all five candidates into a runoff in the House… Without the decisive use of his power as President of the Senate, Jefferson might never have become President of the United States. (emphasis added)

Read that again: Thomas Jefferson, author of the Declaration of Independence, the man whose face adorns Mt Rushmore, among the most revered founding fathers of our country, only became President because he used his unilateral power as President of the Senate to open and count the presidential ballots in his own favor.

Vasan Kesavan, in “Is the Electoral Count Act Unconstitutional?” (80 NC L. Rev. 2001-2002), records another example where the President of the Senate unilaterally determined the winner of the Presidential Election: "In the election of 1856, the five electors of the State of Wisconsin did not cast their votes on the day prescribed by federal law because of a snowstorm. The President of the Senate counted Wisconsin's electoral votes over the objections of both Representatives and Senators assembled in convention. When Representative Lechter objected to Wisconsin's electoral votes and moved to exclude them, the presiding officer (the President of the Senate) simply stated that no debate was in order when the votes were being read by the tellers or even after they were finished.' When Senator Crittenden then asked the presiding officer, "Do I understand the Chair to decide that Congress, in no form, has power to decide upon the validity or invalidity of a vote?,"' the presiding officer replied that it was his constitutional duty to announce the result of the electoral count and that "what further action may be taken, if any further action should be taken, will devolve upon the properly-constituted authorities of the country, the Senate or House of Representatives, as the case may be.'… 

Several Members of Congress were concerned that the decision to count Wisconsin's electoral votes would set a dangerous precedent. According to Senator Pugh, unlike the Missouri Incident which was "never likely to happen again," the Wisconsin Incident "may occur one hundred times again, if the Government should stand that many years.' Almost every Member of Congress who spoke on the subject agreed that the votes of Wisconsin should not have been counted.' (emphasis added)

And yet the votes were counted… because the President of the Senate opened and counted them. The President of the Senate’s choice was more powerful than the collective will of Congress.

Come January 2021, Vice President Mike Pence will be presented with the sealed certificates containing the ballots of the presidential electors. At that moment, the Presidency will be in his hands. And there is nothing stopping Pence, under the authority vested in him as President of the Senate, from declining to open and count the certificates from the six disputed states. If they are certificates from non-electors appointed via voter fraud, why should he open and count them? As Harrison noted, “the certificates that the President of the Senate is to open… are those of the electors, not those of non-electors.”

The President’s position going into January 2021 is thus considerably stronger than the mainstream media would have you believe. There is Constitutional language and historical precedent that gives his Vice President the unilateral power to decide the outcome of our contested election. If Trump would be king, Mike Pence could be his kingmaker."
Related:

"Market Fantasy Updates 12/7/20"

"Market Fantasy Updates 12/7/20"
Down the rabbit hole of psychopathic greed and insanity...
Only the consequences are real - to you!
"The more I see of the monied classes, 
the better I understand the guillotine."
- George Bernard Shaw
Gregory Mannarino, PM 12/7/20:
"Selling 'The Vaccine' VIA Fear and Intimidation"
Updated live.
Daily Update (Dec. 6th to Dec. 10th)
Insanity... 
And now... The End Game...

Musical Interlude: Vangelis, “Alpha”

Vangelis, “Alpha”

"A Look to the Heavens"

“To some, the outline of the open cluster of stars M6 resembles a butterfly. M6, also known as NGC 6405, spans about 20 light-years and lies about 2,000 light years distant. M6 can best be seen in a dark sky with binoculars towards the constellation of Scorpius, coving about as much of the sky as the full moon.
Like other open clusters, M6 is composed predominantly of young blue stars, although the brightest star is nearly orange. M6 is estimated to be about 100 million years old. Determining the distance to clusters like M6 helps astronomers calibrate the distance scale of the universe.”

The Poet: Jane Hirshfield, "The Task "

"The Task" 

"It is a simple garment, this slipped-on world.
We wake into it daily - open eyes, braid hair - 
a robe unfurled
in rose-silk flowering, then laid bare.
And yes, it is a simple enough task
we've taken on,
though also vast:
from dusk to dawn,
from dawn to dusk, to praise, and not
be blinded by the praising.
To lie like a cat in hot
sun, fur fully blazing,
and dream the mouse;
and to keep too the mouse's patient, waking watch
within the deep rooms of the house,
where the leaf-flocked
sunlight never reaches, but the earth still blooms." 

- Jane Hirshfield

"It's Not The Load..."

"It's not the load that breaks you down, it's the way you carry it."
- Lena Horne

"You'll Own Nothing and You'll Be Happy"

"You'll Own Nothing and You'll Be Happy"
by Jeff Thomas

"Klaus Schwab was born in Nazi Germany in 1938. Little information is available as to his upbringing – i.e., the degree to which he was educated to believe in Nazi doctrine – but whatever he was taught in his youth, he is, today, one of the most ardent believers in, and proponents of, totalitarian rule.

The term "Nazi" refers to Nationalsozialistisch, or "National Socialism," and its overall concept was fascism – a concept that encompassed a corporatist economic system, socialist political system and totalitarian rule. Whilst this description may seem rather convoluted, the concept was believed by Wall Street and much of the US government in the 1930s as the way of the future. So much so that they provided considerable financial and logistical support for Nazi Germany during the 1930s and even into the 1940s.

Following the war, only a handful of Germans were prosecuted for war crimes at the Nuremburg trials. Countless others were taken on board by both US industry and the government following the war, to educate American industry in German methodology. For many years following the war, Nazi concepts remained under the radar, but in recent years, they’ve become a major force within not only the US, but also US ally states: Canada, Australia, the UK and, most notably, the EU.

The basic concepts are perennial in their attraction to those who seek to dominate:

• Create an uber class of those who are highly positioned in both industry and politics.

• Cripple the middle class economically, so that they no longer have the power to make their own life decisions.

• Offer dramatically increased dependency on the State as a relief from the economic hardship created by the state.

• Remove freedoms, in trade for the promise of largesse from the State.

• Institute a police state and totalitarian rule to ensure that the new paradigm will be lasting.

• Once controls are fully implemented and the populace has become dependent on the new system, begin to remove the promised entitlements.

The idea behind this final bullet point is that, once the population is thoroughly dependent upon the state, they will have lost the power to object or rebel if entitlements are removed. They are then fully dominated. Of course, if any individual were to read the above menu, he would immediately say, "No way!" and reject the program outright. Therefore, if such an oppressive regime were to be imposed upon a people, it would need to be sold to them as a benefit, not as virtual enslavement.

Joseph Goebbels was proud of saying, "Make the lie big. Keep it simple. Keep saying it and eventually, they will believe it." Quite so. Fortunately, Mister Hitler and his friends were removed from the firmament before the final stages of the program could be implemented.

But today, the jurisdictions listed above are now solidly in the completion stage of bullet point #2 and have begun to provide the offer of bullet point #3: the promised solution to the populace. And so, we return to our poster boy for totalitarianism: Klaus Schwab.

His fame has been earned through his creation and chairmanship of the World Economic Forum (WEF). Over the last half century, the WEF has grown in influence to become one of the foremost leaders in the proposition of a New World Order. As with Mister Hitler, in order to sell Totalitarianism 201 to the people of the countries in question, the technique once again is to "Make the lie big."

Professor Schwab’s video offers an idyllic state in which people can rid themselves of all the personal debt, the political upheaval and the social unrest that is now expanding so rapidly. The proposed solution is that you sign over your right to own possessions on a permanent basis, in trade for a life in which there is minimal responsibility. The world government will provide you with a basic income. You will rent whatever you need – a residence, a vehicle, appliances, even your clothing. Most importantly, as can be seen from the countenance of the citizen in the image above, you’ll be happy.

There will be no more wars. A "handful of countries" will rule the world cooperatively. There will be no waiting for medical attention. "There will be a global price on carbon" emissions. (This states that those who use fossil fuels – everyone – will be taxed for its use, although no explanation is given as to how this keeps the world from ending in twelve years due to emissions, as globalists claim.)

The government will have full control of every aspect of your life, plus the task of removing any obstacles to your happiness. Sounds wonderful. Where do I sign up?

But if we stop and think for a moment, we might wish to ask a few questions. For one thing, you give up all rights at the beginning of the deal. You will have lost all your possessions and all your freedoms. You will be 100% dependent upon the state. Their part of the deal is to be delivered on the back end. But once you’re totally dependent and can no longer extricate yourself from the deal, there’s nothing to stop them from removing the punch bowl... Oh-oh. All the things that were promised may be withdrawn one at a time, until you’re both subservient and impoverished. You will lack the ability to rebel or even to complain.

For generations, political leaders have offered empty promises that were never kept. Conservative and liberal political leaders alike have consistently made a grand show of disagreeing with each other on what form of governance might serve the people best. Yet, somehow, the result, no matter which group theoretically holds the reins of power at any given time, has always been a larger, more powerful government and a populace that was increasingly robbed of its freedoms – social, political and economic.

We are now at the very turning point at which much of the former Free World is being tempted to make the leap into the "Brave New World." All the social, political and economic problems that presently exist have been caused by political leaders. They are now asking you to trust them to end those problems. The promise is a simple one: You’ll own nothing. And you’ll be happy. But you’re not required to sign up. All you need do is sit still and accept the transformation to totalitarianism as it plays out. Nothing could be simpler."

The Daily "Near You?"

 
Yorba Linda, California, USA. Thanks for stopping by!

"Just When We Think..."

"Just when we think we figured things out, the universe throws us a curveball. So, we have to improvise. We find happiness in unexpected places. We find ourselves back to the things that matter the most. The universe is funny that way. Sometimes it just has a way of making sure we wind up exactly where we belong."
- "Dr. Meredith Grey", "Grey's Anatomy"

"The Guillotine Is Waiting"

"The Guillotine Is Waiting"
by Bill Bonner

WEST RIVER, MARYLAND – "Every advanced society has an elite. Its patricians. It’s Aristoi. Its propertied classes. Its gentry or its Hidalgos. They are the lucky ones. The smart ones… the educated ones… the ones with the Ph.D.s, the formulae, and the secrets. They’re also usually the ones with the money. They design the bridges, write the laws, and count the votes. They also write computer code… and God knows what else.

Duties and Privileges: In ancient societies, the elite claimed to have some inside track with God. It – the elite – used religion to stay in power. The religion explained each caste’s duties and privileges. One ruled. The others obeyed.  Today, the elite uses science.

We don’t need to wear masks, said the experts in January. Ooops… No, we must all wear masks, say the experts now. “The Earth is freezing” was the climatological alarm in the 1970s. Now, “it’s burning up” is the gospel according to today’s experts. 

There will be no more financial crises “in our lifetimes,” forecast Janet Yellen, Ph.D., three years ago. Now, she says we must mobilize Congress and the Federal Reserve to fight the crisis she said wouldn’t happen. 

We must do battle with the Sunni Muslims in Iraq, said the experts; the Shi’a are our friends. Now, we must fight the Shi’a in Iran; the Sunni are our friends. Or vice versa?

In the past, only the elite could read and write. This gave them a special source of knowledge and power. They could open up their sacred books… and there, they would find wisdom and secrets forbidden to the masses.  Then, when the invention of the printing press made literacy more widespread, the elite set up schools to teach people what to think and do. Catholic schools taught obedience to the Pope. Shiite Muslim schools did the same for their Ayatollahs. Secular schools required students to pledge allegiance to the flag. 

New Elite: Like all things in nature, elites age and decay. Power corrupts them. Wealth weakens them. Over time, each generation becomes more grasping and less competent. In France in 1789, both the aristocracy and the clergy claimed exemption from taxes. They also expected special favors, privileges, and sinecures. This left the entire burden of supporting the government – and the privileged classes – on the backs of people who had relatively little support to give.

In the revolution that followed, the sans culottes rose up. Some 17,000 of the elite class were guillotined. Many thousands more were murdered by other means. France then replaced its old dominant class with a new elite – many of whom were the same people. They had merely switched their allegiance – from religion and the king… to science and the new republic!

We saw last week that when Team Trump yields to the Biden Bunch, the new White House elite will be a bit more feminine and darker-skinned. But in the ways that matter, they will be of the same tribe, drawn from the best schools and privileged pasts, where they were taught the new faith – that they have a right to rule… relying on their superior knowledge of (social) science. Then, they made their way up through the ranks, joined political parties, took jobs in Washington, moved from lobbying to think tanks to staff positions on Capitol Hill. And there… they found what they were after – power.

Work the System: They are not exceptional people. There are millions like them – a whole gaggle of insiders… engineers… professionals… Establishment wonks… and Swamp critters. They know how the system works… and how to work it to their own advantage. 

They go into education, for example. But they do not bother with the hard work of teaching ideas and skills. They become “educators,” not teachers, pretending that they have some scientific expertise that somehow helps make the system work better. 

Or they go into “health care.” But do you think they empty bedpans or check temperatures? No, they are “administrators,” providing the crucial interface between the mysteries of the insurance/Obamacare system and the people who actually provide useful medical care.

They are undersecretaries of this… vice presidents of that… directors… chiefs… board members… wizards… witch doctors… Grand PooBahs… and acting plenipotentiaries. They help to get regulations passed… And guess what? They are the regulators. They write long laws and codes… incomprehensible to the common man. But they are there to interpret them, to enforce them… and to help other elites get around them.

They tell students what to think. They tell the public what to think, too – for they control the newspapers and the TV stations. They are the opinion mongers… the commentators… the columnists…

They are “liberal” or they are “conservative.” The emphasis changes. The words and colors, too. One says he is concerned about the plight of the poor. The other says he wants to “make America great again.” Still another says America already is great… It just needs to put the Chinese in their place.

Common Goal: But they all – Republican and Democrat – have one major goal, shared among them like an STD. They all want to keep the “system” going… and use it to shove more and more wealth and power in their own direction.

Biden’s financial experts – headed by Janet Yellen – are tried and true. None will stand in the way of the great flimflam. Continuing the work of Bush, Obama, and Trump… they will provide more money-printing… more stimulus… more bond buying… more fake interest rates and giveaways. Hey… A “bi-partisan” group hopes to push another bailout – almost $1 trillion – this week. 

So, too, are Biden’s foreign policy experts ready to take the baton from the Trump team… and continue running in the same direction. More pointless wars… more spending… more sanctions and meddling. As these programs continue – foreign and domestic, military and civilian – trillions more will be printed… and spent. And every dollar will go to someone.  To whom? Guess.

And sad to say, none of America’s elite has yet been guillotined. More to come…"

"Yet..."

Gregory Mannarino, AM 12/7/20: “Markets: Important Updates - Stocks, Crude, DOW, Bitcoin, Gold”

Down the rabbit hole of psychopathic greed and insanity...
Only the consequences are real - to you!
Gregory Mannarino, AM 12/7/20:
“Markets: Important Updates - 
Stocks, Crude, DOW, Bitcoin, Gold”

"How It Really Is"

 
Oh, if you thought 2020 was a treat you're just gonna love 2021...

"You Can Never Tell..."

"You can never tell what people have inside them 
until you start taking it away, one hope at a time."
- Gregory David Roberts

"Government Will Not Help You; Stock Market Will Soar Till It Crashes; Americans On Borrowed Time"

Jeremiah Babe,
"Government Will Not Help You; Stock Market Will 
Soar Till It Crashes; Americans On Borrowed Time"

"The Rules..."

 

"Housing Market On The Verge Of Collapse: Millions About To Be Evicted!"

"Housing Market On The Verge Of Collapse: 
Millions About To Be Evicted!"
by Epic Economist

"Experts have been warning of a major housing price bubble that is likely to culminate in a housing crash in the months ahead. Due to the coming lockdowns and rising social turbulence, Americans have been relocating to smaller areas in an attempt to find better housing arrangements, but for those who want to become homeowners, it's getting harder and harder to find affordable properties amid a massive spike in demand. Meanwhile, several investors who bought rental properties are now suffering from the effects of the widespread economic deterioration that has been making millions of renters delinquent. 

Despite the claims that the housing market is booming right now, analysts say that this scenario isn't sustainable for much longer. The growing amount of rental and mortgage debt in addition to the weak economic activity and a property shortage will all contribute to an epic bubble burst of unprecedented proportions. In this video, we are going to expose how the coming housing crash may impact the market, investors, owners, and renters for over a decade. 

Real state authorities and market watchers have been arguing that surging prices for residential properties are significantly inflating a housing bubble that can burst at any moment. The sector is now experiencing record sales thanks to record-low mortgage rates and a massive relocation of American citizens from urban centers to smaller, rural areas. The demand for affordable housing outside of metropolitan areas has been so high it created a housing shortage that led prices to skyrocket over the past few months. 

This year home sales are on track to surpass last year’s, when the economy was in far better shape. However, the economic shock resultant from the health crisis can cancel out these gains fairly quickly, since analysts say the record-breaking home sales are not sustainable. 

The staggering unemployment rates and the coming lockdowns are about to decline Americans' purchasing power even further. So even those who managed to buy a house aren't immune to falling deep into debt due to the effects of the current economic recession. For investors, this means that there are substantial risks in exposing themselves to the purchase of a house as an investment. But for homeowners and independent landlords, the results can be a lot more serious. "It can devastate your livelihood for the next 10 years if you go all in," said investment advisor Adam Othman. 

If projections aren't looking good for owners and investors, for renters the situation is considerably more worrying. A large share of American renters have affirmed to be struggling to make their next rent payment, while many of them have already fallen behind months ago and have been accumulating rental debt up until now. 

They have been relying on the CDC's temporary eviction moratorium to avoid homelessness, but according to a recent Bloomberg article, almost 6 million households are on the brink of eviction, which accounts for up to 40 million people who could become homeless after the moratorium is lifted.

Billions of dollars of rental debt will be translated into much more trouble ahead for the U.S. housing market. When renters become delinquent, their credit and their ability to find housing get severely compromised. On the other hand, landlords will find it more difficult to replace their previous delinquent tenants with new paying renters. Especially during an economic meltdown that has pushed a large chunk of the population out of their jobs. 

“Renters are disproportionately hurt by the crisis,” affirms Jung Hyun Choi, a research associate with the Housing Finance Policy Center. “A greater share of renters lost their jobs. That meant losing savings that could have been used for a down payment, and falling behind on bills, which will hurt their credit and make it more even more difficult for them to be future homeowners”. 

It certainly is a bigger challenge for low-income Americans to climb the first step of the real-estate ladder, particularly in the middle of the worst economic crisis this country has ever experienced in almost a century. 

One of the things the health crisis brought to the surface was the fragility of the U.S. housing system. In a moment when having a roof over one’s head has never been so essential to ensure people's survival, this short but intense period of economic deterioration has put millions of people in a critical financial situation, jeopardizing their housing security, and their prospects of ever owning a home. As Congress isn't listening to the constant urges for more aid or even for the extension of protection programs, by next month we can be witnessing a tragic homelessness crisis while the housing market collapses right before our eyes."