By: Sam Jacobs | Ammo.com
Picture this: You’re driving home from the casino and you’ve absolutely cleaned up – to the tune of $50,000. You see a police car pull up behind you, but you can’t figure out why. Not only have you not broken any laws, you’re not even speeding. But the police officer doesn’t appear to be interested in charging you with a crime. Instead, he takes your gambling winnings, warns you not to say anything to anyone unless you want to be charged as a drug kingpin, then drives off into the sunset.
This actually happened to Tan Nguyen, and his story is far from unique. It’s called civil asset forfeiture and it’s a multi-billion dollar piggybank for state, local and federal police departments to fund all sorts of pet projects.
With its origins in the British fight against piracy on the open seas, civil asset forfeiture is nothing new. During Prohibition, police officers often seized goods, cash and equipment from bootleggers in a similar manner to today. However, contemporary civil asset forfeiture begins right where you’d think that it would: The War on Drugs.
In 1986, as First Lady Nancy Reagan encouraged America’s youth to “Just Say No,” the Justice Department started the Asset Forfeiture Fund. This sparked a boom in civil asset forfeiture that’s now become self-reinforcing, as the criminalization of American life and asset forfeiture have continued to feed each other.
By: Cliff Kincaid | America’s Survival
Citizen journalist David Risselada describes how the Marxists use “psychopolitics” to manipulate the minds of millions of Americans, in order to achieve a one-party state. The process involves Marxist education, efforts to portray conservatives as mentally ill, the gradual elimination of God-given rights, and orchestrated “debates” over matters such as the Justice Brett Kavanaugh confirmation.
By: Cliff Kincaid
You may remember the days when President Trump was calling for a $25 billion Border Wall to be financed by Mexico. Now he’s shouting at the Democrats to give him a measly $5 billion from the hard-pressed American taxpayers.
Just as Theresa May faced a no-confidence vote for failing to make a proper deal to remove Britain from the European Union, many conservatives here are becoming increasingly skeptical of President Trump’s claim that “people would revolt” if the Democrats impeach him. Some of his legislative maneuvers are leaving supporters scratching their heads in dismay and disgust. It looks like he’s selling out to the Swamp.
Consider that Trump has pressured Senate Leader Mitch McConnell to bring up for a vote a piece of liberal jailbreak legislation known as the First Step Act. It looks like he’s trying to attract the felon vote that normally goes for the Democrats. CNN’s Marxist commentator Van Jones is behind Trump and his son-in-law Jared Kushner on this one. In fact, Jones, a former activist with the group, Standing Together to Organize a Revolutionary Movement (STORM), looks like the one orchestrating the entire “empty the prisons” effort.
By: Terresa Monroe-Hamilton
It has been my honor and pleasure to get to know Tabitha Korol. She’s not only a wonderful author and writer but a true patriot and someone who is not afraid to tell it like it is. As America roils with chaos and uncertainty foisted on her from leftists who are intent on removing a duly elected president and forcing the freest nation on earth into bowing before Marxism, Tabitha writes of what we have forgotten. She writes on what happened on 9/11/2001… and on what many of us swore we would never forget.
It has long been my belief that we should have attacked Iran after 9/11 as the major culprit in the attack on our homeland. But in the end, the enemy here is radical Islam and always has been. And the threat has not diminished but grown in the last 17 years. We have let our guard down and we have let the enemy within America. Communists on the left seed our communities with Islamist refugees we know nothing about. It is a recipe for murder, chaos, conquest, and terrorism. Jihadists and their holy war are now here in America and we invited them in even after they slaughtered almost 3,000 Americans on that fateful sunny morning in 2001.
Confronting the Deception by Tabitha Korol, reminds all of us that it wasn’t just Osama bin Laden or al Qaeda that murdered innocent Americans that day. The threat had been growing for decades and Americans were comfy thinking we were immune to it. Not so much. If you read her research, it tells that although Muslims assure us of their peaceful intentions, most of it is Taqiyya (lies) to infidels.
I agree with Tabitha’s conclusion that it is not only a small number of radical Muslims who wish us harm, but it is also the Ummah itself… the Muslim collective. The radical terrorists are just those tasked with the dirty work. Islam believes it should rule the world under shariah law. From the beginning, I have considered it a flawed, fractured religion and not a good one. For that, I have been censored and purged. So has Tabitha. It is an internal and an external threat we dare not ignore but seem bent on doing so. It is an existential threat to Judaeo-Christian civilization.
As Glenn Beck and others have pointed out often, the Caliphate (and there are multiple ones among Muslims) is a danger to all of us. The US stands with Israel because we believe in freedom. Islam does not. It is a theology that thrives on conquest, subjugation, bloodshed, and suppression. Korol’s book points out all of this and more. I believe this is literally a fight to the death for civilizations.
Confronting the Deception puts forth that Islam claims that 9/11 was an act of the Caliphate and “is still being fueled by a Shadow Government.” With CAIR and a ton of organizations now on US soil, that is a foregone conclusion. We have never been given the truth of radical Islam by the media, most of the government and certainly not by the left. In the end, the political theology of Islam in America screams hatred towards infidels and our way of life. “Death to America” is no longer just a saying, but a goal of the Caliphate and we had better come to terms with it before it is too late.
From Amazon.com on Confronting the Deception:
Since 9/11, the United States, Israel, and cultures that still value our freedoms have been fighting a battle of survival on several fronts. The ideology born out of the Islamic attempt to claim Ground Zero as its caliphate is still being fueled by the Shadow Government. The seriously deceptive media hides the truths about Islam’s invasion into other countries and our own, concealing the consequent tectonic changes in the intruded societies, with the result that America’s needs for urgent analysis and discussion are suppressed.
Academia, from kindergarten to university, is disinviting valuable speakers and turning patriots into globalists. Curricula, textbooks, and teaching methods are being changed, inspiration quenched, and competition discouraged by an equalizing grading system, engineering the children’s psyche to produce a compliant, nonproductive generation.
“Confronting the Deception” challenges the insidious propaganda with arguments supported by irrefutable facts. Korol exposes the gravity of the threats we face with copious links to Koranic quotes, historic accounts, and trustworthy documentation not available in any other single source, and reveals the mentality that creates the jihadi terrorist, in order to help the reader to navigate the distortions that are peddled as truths.
Deception is the modus operandi of Islam and the Left. We are being indoctrinated to disrespect and dislike America, to devalue our freedoms, and to cast aside the advancements we’ve made since our founding. The “Eight Years” have brought us an increase in divisiveness, intolerance, street violence, rapes, honor killings, and FGM, combined with a drip-feed of false narratives to direct the thinking of the gullible. This book is an attempt to redress our endangered world by Confronting the Deception.
If you are interested in radical Islam and the threat of terrorism here in America, Confronting the Deception is a must read. I cannot recommend the book highly enough. Tabitha Korol nailed it and she is a tremendous writer and researcher. You can purchase your copy on Amazon.com.
By: Kent Engelke | Capitol Securities
Many times I have commented that geopolitical changes are tectonic. Globally, the policies and politics that have dominated since the conclusion of WWII are under attack as the commoner feels abandoned by the government. There is a general distrust of all governments, the result of regulatory fiat instituted by unelected bureaucrats.
In many dimensions, it is urban vs rural. Elitist versus commoner. A case can be made that four of the five largest democracies are in the beginning throes of a gunless revolution. England’s May. France’s Macron. Germany’s Merkel. America’s Trump.
In many regards, instability is the order of the day hoping that this instability does not lead to widespread violence.
What does the above have to do with the markets? Everything. The markets are dominated by multinational technology companies. The assumptions surrounding their business models have been shattered and the companies are fighting to maintain the status quo.
For example, Apple states that if Chinese tariffs rise to 25%, Apple would relocate its production facilities. As noted several times, over 90% of iPads and iPhones are manufactured in China. Wow! Talk about impacting profits, an impact perhaps magnified by slowing sales.
The above paragraph perhaps partially explains the volatility based upon trade comments; volatility amplified by the market dominance of these companies.
Radically changing topics, globally speaking, there is $7.76 trillion of negative real bond yields, up $2 trillion from October according to Barclays. In mid-2016 there was a record $12 trillion of negative real yields. Typically, negative real yields correspond with inflationary growth as funds gravitate to the real economy from financial assets.
Bloomberg writes after hedging out currency risk, the yield on the 10-year Treasury dropped to minus 0.4%, the lowest since the funding markets blew up during the 2008 financial crisis.
Some would argue the surge in the number of bonds with negative real yields is the result of trade fears that will slow global economic activity. Some would also argue the rapid selling of investment grade rated debt over the past month that has created the greatest surge in investment grade credit spreads since 2016 is also the result of fears of a slowing economy.
The issue at hand is the economy is not slowing. Quoting several Federal Reserve officials, the current economic environment is “robust’ and is expected to remain robust for the next several quarters.
Simplistically speaking, there is a disconnect. The other day I referenced JP Morgan research commenting about the proliferation of fake news and research reports that are greatly influencing trading… trading dominated by computers and six-word headlines.
Can I remotely suggest that such is occurring today in an attempt to sway public opinion about the dangers of changes in trade policy? Wow! This is conspiracy theory stuff.
If JP Morgan is correct about the massive proliferation of questionable news and research reports, the above does not sound outlandish. In my view, if any “credible” analyst writes comments that are found today in the blogosphere, comments that would make Henry Blodget blush, that analyst would be quickly cashiered.
Enough of the conspiracy rant, for the fourth straight day equity gains were cut in half by market close thus suggesting selling into any type of strength.
Just as an aside, late yesterday according to the LA Times, the California Public Utilities Commission will vote next month for a “texting tax” to provide funds for phone service to the poor. State regulators have proposed the tax would be retroactive going back five years.
Various business groups including Silicon Valley Leadership Group and the CA Chamber of Commerce is fighting the proposal, calling such as “dumb and unneeded.” Several consumer advocacy groups are also protesting stating it would unfairly impact those who are “less fortunate.”
Wow! If passed, would this be viewed in a similar manner as France’s fuel tax? Government data states over 80% of California have a cell or smartphone.
Last night the foreign markets were mixed. London was down 0.40%, Paris was down 0.37% and Frankfurt was down 0.12%. China was up 1.23%, Japan was up 0.99% and Hang Sang was up 1.29%.
The Dow should open nervously flat. The 10-year is up 2/32 to yield 2.91%.
By: Denise Simon | Founders Code
Anyone old enough to remember the sin taxes? Well, seems California has proposed to take it to a whole new level to aid the poor… use cell phones… didn’t the Federal government do that with the Obama-phones?
Anyone remember taxation without representation? Oh, just an archaic notion anymore.
SACRAMENTO, CA (NBC NEWS) — California residents may soon have to pay a tax on texting.
According to KNTV, the public utilities commission is floating the idea to help fund programs that give low-income residents access to cell phones.
It’s not clear how much the texting tax would be or how it would be collected.
Several business groups have come out against the proposal.
One business group says the program is flush with cash.
But state regulators say the program is breaking the bank after the budget for the program has been raised 300 million dollars in six years.
The wireless industry says the texting tax would put them at a disadvantage over other free messaging services like Whatsapp, Facebook Messenger, Apple’s i-Message and others.
Mobile phone companies along with telecom providers are working to defeat this ridiculous proposal. There is no formal amount of the tax that has been announced, but frankly the poor in California actually need places to live and employment rather than cell phones. There is some chatter that just a flat fee added to the mobile service or a surcharge would be proposed versus some tax per text.
The Bay Area and the California Chamber of Commerce are looking to create a fund estimated to be in the $40-50 million range per year. Oh, wait… there is also some consideration to making these taxes retroactive going back 5 years. If that is the case, that fund would amount to well over $200 million.
A dense California Public Utilities Commission report laying out the case for the texting surcharge says the Public Purpose Program budget has climbed from $670 million in 2011 to $998 million last year. But the telecommunications industry revenues that fund the program have fallen from $16.5 billion in 2011 to $11.3 billion in 2017, it said.
“This is unsustainable over time,” the report says, arguing that adding surcharges on text messaging will increase the revenue base that funds programs that help low-income Californians afford phone service.
Telecom companies are already arguing that texting is an informational service like email and not a service under the authority of the commission’s authority.
Just imagine how much texting goes on through several platforms including iMessages, WhatApps, Skype or by Facebook. It is estimated that in one year alone, 3 trillion text messages are sent.
Often what begins in one state is later adopted in others. So, if you can stand it, it would be prudent to review the whole proposal by clicking here.
One more item going through the FCC:
The Federal Communications Commission says it is giving cellular carriers added authority to block text messages, saying the action is needed to protect consumers from spam or robotexts. But critics of the plan note that carriers are already allowed to block robotexts and worry that the change will make it easy for carriers to censor political texts or block certain kinds of messages in order to extract more revenue from senders.
FCC Chairman Ajit Pai’s announcement acknowledges that carriers are already allowed to block illegal robotexts. Pai did not promise new consumer-friendly blocking services; instead, he said his plan “allow[s] carriers to continue using robotext-blocking and anti-spoofing measures to protect consumers from unwanted text messages” (emphasis ours).
Despite that, Pai is proposing to classify text messaging as an information service, rather than a telecommunications service. That’s the same legal classification that Pai gave to home and mobile broadband services as part of a December 2017 vote to deregulate the industry and eliminate net neutrality rules. The FCC has not previously ruled on whether text messaging is an information service or a telecommunications service.
An FCC vote on Pai’s plan is scheduled for December 12.