Saturday, April 20, 2019

SWAT raid on homeschoolers goes to top court - WND

http://www.wnd.com/2019/04/swat-raid-on-homeschoolers-goes-to-top-court/

Why Schools Don't Educate - The Natural Child Project

https://www.naturalchild.org/articles/guest/john_gatto.html

Watch "Mad World Remix of Moby Video (Are You Lost In The World Like Me)" on YouTube

https://youtu.be/5DU1B_XkyIk

Watch "Greenwald: Media spent years drowning US in conspiracy theories" on YouTube

https://youtu.be/PJszevux0jU

The $1.6 Trillion Student Loan Monster—-End It Now

ORIGINAL LINK

Needless to say, the federal student loan program is a mess, and millions of recipients of its loans are mired in debt. So mired, in fact, that, according to two recent studies :40 percent of borrowers may default on their student loans by 2023: 250,000 borrowers default on their federal student loans each quarter: It takes 19.4 years, on average, to pay off student loans

 

 

 

 

 

https://davidstockmanscontracorner.com/?p=307250&preview_id=307250&preview_nonce=8e81c3e88b&preview=true

 



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How Empires Fall: Moral Decay

ORIGINAL LINK
There is a name for this institutionalized, commoditized fraud: moral decay.
Moral decay is an interesting phenomenon: we spot it easily in our partisan-politics opponents and BAU (business as usual) government/private-sector dealings (are those $3,000 Pentagon hammers now $5,000 each or $10,000 each? It's hard to keep current...), and we're suitably indignant when non-partisan corruption is discovered in supposed meritocracies such as the college admissions process.
But we're less adept, it seems, at discerning systemic moral decay, which infects the very foundations of the economy and society.
Consider America's favorite pastime, corrosive partisan politics. This distemper is often traced back to (surprise!) extreme partisans, but as the chart below shows, political partisanship has risen in near-perfect correlation with wealth-income inequality, which it itself the hallmark of deeply systemic corruption, as the system is rigged to benefit the few at the expense of the many. (Chart courtesy of Slope of Hope.)
There's a phrase that describes a socio-economic system becoming the means for personal aggrandizement at the expense of civil society itself: moral decay.How else can we describe a system whose inputs and processes are rigged so the output is the vast majority of all income gains flow to the top 0.1%? (See chart below.)
When a socio-economic system institutionalizes the extralegal privileges of wealth and power, that is moral decay. When government only responds in ways that first serve the interests of entrenched insiders, that is moral decay. When the financial system is rigged to sluice income and wealth to the top of the wealth-power pyramid while stripmining the productive class below via inflation and taxes, that's moral decay. (See chart below of workers' share of the national income.)
political-polarization-inequality4-19.jp
inequality-NYT8-17a.png
worker-share2-19a.jpg
What are initial public offerings (IPOs) of unprofitable Unicorns but a form of institutionalized, commoditized fraud based on the sale of worthless securities to greater fools who are gambling that a second wave of even greater fools will pay a premium to gamble that the worthless shares can be sold to a third wave of supremely greater fools?
There is a name for this institutionalized, commoditized fraud: moral decay.
IPOs4-10-19.jpg
What are stock buy-backs but a form of institutionalized, commoditized fraud in which insiders borrow vast sums to reduce the number of shares outstanding to boost the per-share profits and hence the valuation of their portfolios and stock options? How does civil society benefit from this hyper-financialized concentration of wealth and thus political power?
There is a name for this institutionalized, commoditized fraud: moral decay.America is fatally riddled with institutionalized moral decay, and so are the competing powers of the EU, Japan, Russia and China.
Moral decay is the only possible output of systems that place the accumulation of personal wealth and political power above all other civic and economic values. When every system is nothing but a means to institutionalize and commodify fraud and extralegal privilege, there is no saving such a perversely asymmetric system from internal collapse.


Pathfinding our Destiny: Preventing the Final Fall of Our Democratic Republic ($6.95 ebook, $12 print, $13.08 audiobook): Read the first section for free in PDF format.


My new mystery The Adventures of the Consulting Philosopher: The Disappearance of Drake is a ridiculously affordable $1.29 (Kindle) or $8.95 (print); read the first chapters for free (PDF)
My book Money and Work Unchained is now $6.95 for the Kindle ebook and $15 for the print edition. Read the first section for free in PDF format.


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Thursday, April 18, 2019

Mueller report takes ‘Russian meddling’ for granted, offers no actual evidence

ORIGINAL LINK

Via RT…


Special counsel Robert Mueller’s ‘Russiagate’ report has cleared Donald Trump of ‘collusion’ charges but maintains that Russia meddled in the 2016 US presidential election. Yet concrete evidence of that is nowhere to be seen.

The report by Mueller and his team, made public on Thursday by the US Department of Justice, exonerates not just Trump but all Americans of any “collusion” with Russia, “obliterating” the Russiagate conspiracy theory, as journalist Glenn Greenwald put it.

However, it asserts that Russian “interference” in the election did happen, and says it consisted of a campaign on social media as well as Russian military intelligence (repeatedly referred to by its old, Soviet-era name, GRU) “hacking” the Democratic Congressional Campaign Committee (DCCC), the DNC, and the private email account of Hillary Clinton’s campaign chair, John Podesta.

As evidence of this, the report basically offers nothing but Mueller’s indictment of “GRU agents,” delivered on the eve of the Helsinki Summit between Trump and Russian President Vladimir Putin in what was surely a cosmic coincidence.

Indictments are not evidence, however, but allegations. Any time it looks like the report might be bringing up proof, it ends up being redacted, ostensibly to protect sources and methods, and out of concern it might cause “harm to an ongoing matter.”

‘Active measures’ on social media

Mueller’s report leads with the claim that the Internet Research Agency (IRA) ran an “active measures” campaign of social media influence. Citing Facebook and Twitter estimates, the report says this consisted of 470 Facebook accounts that made 80,000 posts that may have been seen by up to 126 million people, between January 2015 and August 2017 (almost a year after the election), and 3,814 Twitter accounts that “may have been” in contact with about 1.4 million people.

Those numbers may seem substantial but, as investigative journalist Gareth Porter pointed out in November 2018, they should be regarded against the background of 33 trillion Facebook posts made during the same period.

According to Mueller, the IRA mind-controlled the American electorate by spending “approximately $100,000” on Facebook ads, hiring someone to walk around New York City “dressed up as Santa Claus with a Trump mask,” and getting Trump campaign affiliates to promote “dozens of tweets, posts, and other political content created by the IRA.” Dozens!

This is what it takes to bring down an empire! https://t.co/PXrlsfYp8j

— Yasha Levine (@yashalevine) April 18, 2019

Meanwhile, the key evidence against IRA’s alleged boss Evgeny Prigozhin is that he “appeared together in public photographs” with Putin.

Alleged hacking & release

The report claims that the GRU hacked their way into 29 DCCC computers and another 30 DNC computers, and downloaded data using software called “X-Tunnel.” It is unclear how Mueller’s investigators claim to know this, as the report makes no mention of them or FBI actually examining DNC or DCCC computers. Presumably they took the word of CrowdStrike, the Democrats’ private contractor, for it.

However obtained, the documents were published first through DCLeaks and Guccifer 2.0 – which the report claims are “fictitious online personas” created by the GRU – and later through WikiLeaks. What is Mueller’s proof that these two entities were “GRU” cutouts? In a word, this:

That the Guccifer 2.0 persona provided reporters access to a restricted portion of the DCLeaks website tends to indicate that both personas were operated by the same or a closely-related group of people.(p. 43)

However, the report acknowledges that the “first known contact” between Guccifer 2.0 and WikiLeaks was on September 15, 2016 – months after the DNC and DCCC documents were published! Here we do get actual evidence: direct messages on Twitter obtained by investigators. Behold, these “spies” are so good, they don’t even talk – and when they do, they use unsecured channels.

Mueller notably claims “it is clear that the stolen DNC and Podesta documents were transferred from the GRU to WikiLeaks” (the rest of that sentence is redacted), but the report clearly implies the investigators do not actually know how. On page 47, the report says Mueller “cannot rule out that stolen documents were transferred to WikiLeaks through intermediaries who visited during the summer of 2016.”

Strangely, the report accuses WikiLeaks co-founder Julian Assange of making “public statements apparently designed to obscure the source” of the materials (p.48), notably the offer of a reward for finding the murderer of DNC staffer Seth Rich – even though this can be read as corroborating the intermediaries theory, and Assange never actually said Rich was his source.

The rest of Mueller’s report goes on to discuss the Trump campaign’s contacts with anyone even remotely Russian and to create torturous constructions that the president had “obstructed” justice by basically defending himself from charges of being a Russian agent – neither of which resulted in any indictments, however. But the central premise that the 22-month investigation, breathless media coverage, and the 448-page report are based on – that Russia somehow meddled in the 2016 election – remains unproven.

The post Mueller report takes ‘Russian meddling’ for granted, offers no actual evidence appeared first on The Duran.



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The Elites Laugh As Americans Revel In Their Enslavement While Fearing Each Other

Robert Mueller Did Not Merely Reject the Trump/Russia Conspiracy Theories. He Obliterated Them.

ORIGINAL LINK

The two-pronged conspiracy theory that has dominated U.S. political discourse for almost three years – that (1) Trump, his family and his campaign conspired or coordinated with Russia to interfere in the 2016 election, and (2) Trump is beholden to Russian President Vladimir Putin — was not merely rejected today by the final report of Special Counsel Robert Mueller. It was obliterated: in an undeniable and definitive manner.

The key fact is this: Mueller – contrary to weeks of false media claims – did not merely issue a narrow, cramped, legalistic finding that there was insufficient evidence to indict Trump associates for conspiring with Russia and then proving their guilt beyond a reasonable doubt. That would have been devastating enough to those who spent the last two years or more misleading people to believe that conspiracy convictions of Trump’s closest aides and family members were inevitable. But his mandate was much broader than that: to state what did or did not happen.

That’s precisely what he did: Mueller, in addition to concluding that evidence was insufficient to charge any American with crimes relating to Russian election interference, also stated emphatically in numerous instances that there was no evidence – not merely that there was insufficient evidence to obtain a criminal conviction – that key prongs of this three-year-old conspiracy theory actually happened. As Mueller himself put it: “in some instances, the report points out the absence of evidence or conflicts in the evidence about a particular fact or event.”

With regard to Facebook ads and Twitter posts from the Russia-based Internet Research Agency, for example, Mueller could not have been more blunt: “The investigation did not identify evidence that any U.S. persons knowingly or intentionally coordinated with the IRA’s interference operation” (emphasis added). Note that this exoneration includes not only Trump campaign officials but all Americans:

To get a further sense for how definitive the Report’s rejection is of the key elements of the alleged conspiracy theory, consider Mueller’s discussion of efforts by George Papadopoulos, Joseph Misfud and and “two Russian nationals” whereby they tried “to arrange a meeting between the Campaign and Russian officials” to talk about how the two sides could work together to disseminate information about Hillary Clinton. As Mueller puts it: “No meeting took place.”

Several of the media’s most breathless and hyped “bombshells” were dismissed completely by Mueller. Regarding various Trump officials’ 2016 meetings with Russian Ambassador Sergey Kislyak, Mueller said they were “brief, public and nonsubstantive.” Concerning the much-hyped change to GOP platform regarding Ukraine, Mueller wrote that the “evidence does not establish that one campaign official’s efforts to dilute a portion of the Republican platform was undertaken at the behest of candidate Trump or Russia,” and further noted that such a change was consistent with Trump’s publicly stated foreign policy view (one shared by Obama) to avoid provoking gratuitous conflict with the Kremlin over arming Ukrainians.. Mueller also characterized a widely hyped “meeting” between then-Senator Jeff Sessions and Kislyak as one that did not “include any more than a passing mention of the presidential campaign.”

Regarding one of the most-cited pieces of evidence by Trump/Russia conspiracists – that Russia tried once Trump was nominated to shape his foreign policy posture toward Russia – Mueller concluded that there is simply no evidence to support it:

In other crucial areas, Mueller did not go so far as to say that his investigation “did not identify evidence” but nonetheless concluded that his 22-month investigation “did not establish” that the key claims of the conspiracy theory were true. Regarding alleged involvement by Trump officials or family members in the Russian hacks, for instance, Mueller explained: “the investigation did not establish that members of the Trump campaign conspired or coordinated with the Russian government in its election interference activities.”

As for the overarching maximalist conspiracy – that Trump and/or members of his family and campaign were controlled by or working for the Russian government – Mueller concluded that this belief simply lacked the evidence necessary to prosecute anyone for it:

 

And Mueller’s examination of all the so-called “links” between Trump campaign officials and Russia that the U.S. media has spent almost three years depicting as “bombshell” evidence of criminality met the same fate: the evidence could not, and did not, establish that any such links constituted “coordination” or “conspiracy” between Trump and Russia:

Perhaps most amazingly, even low-level, ancillary, hangers-on to the Trump campaign that even many Russiagate skeptics thought might end up being charged as Russian agents were not.

All the way back in March, 2017, in reporting that even anti-Trump intelligence officials were warning Democrats that there was no solid evidence of a Trump/Russia conspiracy, I predicted that the appointment of a Special Counsel (which I vehemently favored) would likely end up finding evidence of financial impropriety by Paul Manafort unrelated to the 2016 election, as well as a possible indictment of someone like Carter Page for acting on concert with the Russian government:

But so vacant is the Mueller investigation when it comes to supporting any of the prevailing conspiracy theories that it did not find even a single American whom it could indict or charge with illegally working for Russia, secretly acting as a Russian agent, or conspiring with the Russians over the election – not even Carter Page. That means that even long-time Russiagate skeptics such as myself over-estimated the level of criminality and conspiracy evidence that Robert Mueller would find:

In sum, Democrats and their supporters had the exact prosecutor they all agreed was the embodiment of competence and integrity in Robert Mueller. He assembled a team of prosecutors and investigators that countless media accounts heralded as the most aggressive and adept in the nation. They had subpoena power, the vast surveillance apparatus of the U.S. government at their disposal, a demonstrated willingness to imprison anyone who lied to them, and unlimited time and resources to dig up everything they could.

The result of all of that was that not a single American – whether with the Trump campaign or otherwise – was charged or indicted on the core question of whether there was any conspiracy or coordination with Russia over the election. No Americans were charged or even accused of being controlled by or working at the behest of the Russian government. None of the key White House aides at the center of the controversy who testified for hours and hours – including Donald Trump, Jr. or Jared Kushner – were charged with any crimes of any kind, not even perjury, obstruction of justice or lying to Congress.

These facts are fatal to the conspiracy theorists who have drowned U.S. discourse for almost three years with a dangerous and distracting fixation on a fictitious espionage thriller involved unhinged claims of sexual and financial blackmail, nefarious infiltration of the U.S. Government by familiar foreign villains, and election cheating that empowered an illegitimate President. They got the exact prosecutor and investigation that they wanted, yet he could not establish that any of this happened and, in many cases, established that it did not.

The anti-climatic ending of the Mueller investigation is particularly stunning given how broad Mueller’s investigative scope ended up being, extending far beyond the 2016 election into years worth of Trump’s alleged financial dealings with Russia (and, obviously, Manafort’s with Ukraine and Russia). There can simply be no credible claim that Mueller was, in any meaningful way, impeded by scope, resources or topic limitation from finding anything for which he searched.

Despite efforts today by long-time conspiracist theorists to drastically move goalposts so as to claim vindication, the historical record could not be clearer that Mueller’s central mandate was to determine whether crimes were committed by Trump officials in connection with alleged Russian interference in the election. The first paragraph of the New York Times article from May, 2017, announcing Mueller’s appointment, leaves no doubt about that:

The Justice Department appointed Robert S. Mueller III, a former F.B.I. director, as special counsel on Wednesday to oversee the investigation into ties between President Trump’s campaign and Russian officials, dramatically raising the legal and political stakes in an affair that has threatened to engulf Mr. Trump’s four-month-old presidency.

As recently as one month ago, former CIA Director and current NBC News analyst John Brennan was confidently predicting that Mueller could not possibly close his investigation without first indicting a slew of Americans for criminally conspiring with Russia over the election, and specifically predicted that Trump’s family members would be included among those so charged:

John Brennan has a lot to answer for—going before the American public for months, cloaked with CIA authority and openly suggesting he’s got secret info, and repeatedly turning in performances like this. pic.twitter.com/EziCxy9FVQ

— Terry Moran (@TerryMoran) March 25, 2019

Obviously, none of that happened. Nor were any of the original accusations that launched this three-year-long mania — from an accusatory August, 2016 online commercial from the Clinton campaign — corroborated by the Mueller Report:

Indeed, so many of the most touted media “bombshells” claiming to establish Trump/Russia crimes have been proven false by this report. Despite an extensive discussion of Paul Manafort’s activities, nothing in the Report even hints, let alone states, that he ever visited Julian Assange in the Ecuadorian Embassy, let alone visited him three times, including during the 2016 election. How the Guardian could justify still not retracting that false story is mystifying.

Faring even worse is the Buzzfeed bombshell from January claiming that “President Donald Trump directed his longtime attorney Michael Cohen to lie to Congress about negotiations to build a Trump Tower in Moscow” and that “Cohen also told the special counsel that after the election, the president personally instructed him to lie — by claiming that negotiations ended months earlier than they actually did — in order to obscure Trump’s involvement.” Mueller himself responded to the story by insisting it was false, and his Report directly contradicts it, as it makes clear that Cohen told Mueller the exact opposite:

Equally debunked is CNN’s major blockbuster by Jim Sciutto, Carl Bernstein, and Marshall Cohen from last July that “Michael Cohen, President Donald Trump’s former personal attorney, claims that then-candidate Trump knew in advance about the June 2016 meeting in Trump Tower.” The Mueller Report says the exact opposite: that Cohen had no knowledge of Trump’s advanced knowledge.

And the less said about the Steele Dossier, pee-pee tapes, secret meetings in Prague, and indescribably unhinged claims like this one, the better:

But beyond the gutting of these core conspiracy claims is that Mueller’s investigation probed areas far beyond the initial scope of Trump/Russia election-conspiring, and came up empty. Among other things, Mueller specifically examined Trump’s financial dealings with Russia to determine whether that constituted incriminating evidence of corrupt links:

Because Trump’s status as a public figure at the time was attributable in large part to his prior business and entertainment dealings, this Office investigated whether a business contact with Russia-linked individuals and entities during the campaign period—the Trump Tower Moscow project, see Volume I, Section IV.A.1, infra—led to or involved coordination.

Indeed, Mueller’s examination of Trump’s financial dealings with Russia long pre-dates the start of the Trump campaign, going back several years before the election:

Mueller additionally made clear that he received authorization to investigate numerous Americans for ties to Russia despite their not being formally associated with the Trump campaign, including Michael Cohen and Roger Stone. And regarding Cohen, Mueller specifically was authorized to investigate any attempts by Cohen to “receive funds from Russia-backed entities.” None of this deep diving to other individuals or years of alleged financial dealings with Russian resulted in any finding that Trump or any of his associates were controlled by, or corruptly involved with, the Russian government.

Then there is the issue of Manafort’s relationship with the Ukrainians, and specifically his providing of polling data to Konstantin Kilimnik, an episode which Trump/Putin conspiracist Marcy Wheeler, along with many othersparticularly hyped over and over. To begin with, Mueller said his office “did not identify evidence of a connection” between that act and “Russian interference in the election,” nor did he “establish that Manafort otherwise coordinated with the Russian government on its election-inteference efforts”:

The New York Times originally reported, but then retracted, that Manafort provided that polling data with the intent that it go to “Oleg V. Deripaska, a Russian oligarch close to the Kremlin.” In reality, Manafort thought it would be provided to Ukrainians with whom he had substantial business dealings, part of a long line of acts Manafort took to exploit his connection with the Trump campaign to solve his financial woes. Wheeler insisted that “the NYT had it correct the first time” and, in making their redaction, “they got — badly — played.” The Mueller Report showed that, yet again, conspiracists like Wheeler were misleading and deceiving people while using the tone of authority and expertise:

CONFIRMED: MANAFORT instructed GATES in April/May 2016 to send TRUMP polling data to KILIMNIK to share with Ukrainian oligarchs, as we reported.
*We initially reported, then retracted, that DERIPASKA was intended recipient, but MUELLER confirmed that, too. https://t.co/xfnnr5KNQR pic.twitter.com/gDes57b9Nh

— Kenneth P. Vogel (@kenvogel) April 18, 2019

Also endlessly hyped by Wheeler and other conspiracists were the post-election contacts between Trump and Russia: as though it’s unusual that a major power would seek to build new, constructive relationships with a newly elected administration. Indeed, Wheeler went so far as to cite these post-election contacts to turn her own source into the FBI on the ground that it constituted smoking gun evidence, an act for which she was praised by the Washington Post (nothing Wheeler claimed about the evidence “related to the Mueller investigation” that she claimed to possess appears to be in the Mueller Report). Here again, the Mueller Report could not substantiate any of these claims:

The centerpiece of the Trump/Russia conspiracy – the Trump Tower meeting – was such a dud that Jared Kushner, halfway through the meeting, texted Manafort to declare the meeting “a waste of time,” and then instructed his assistant to call him so that he could concoct a reason to leave. Not only could Mueller not find any criminality in this meeting relating to election conspiring, but he could not even use election law to claim it was an illegal gift of something of value from a foreigner, because, among other things, the information offered was of so little value that it could not even pass the $2,000 threshold required to charge someone for a misdemeanor, let alone the $25,000 required to make it a felony.

Neither the Trump Tower meeting itself nor its participants – for so long held up as proof of the Trump/Russia conspiracy – could serve as the basis for any finding of criminality. Indeed, the key Trumpworld participants who testified about what happened at that meeting and its aftermath (Trump Jr. and Kushner) were not even accused by Mueller of lying about any of it.

None of this is to say that the Mueller Report exonerates Trump of wrongdoing. Mueller makes clear, for instance, that the Trump campaign not only knew that Russia was interested in helping it win the election but was happy to have that help. There’s clearly nothing criminal about that. One can debate whether it’s unethical for a presidential campaign to have dirt about its opponent released by a foreign government, though anyone who wants to argue that has to reconcile that with the fact that the DNC had a contractor working with the Ukrainian government to help Hillary Clinton win by feeding them dirt on Trump and Manafort, as well as a paid operative named Christopher Steele (remember him?) working with Russian officials to get dirt on Trump.

As is true of all investigations, Mueller’s team could not access all relevant information. Some was rendered inaccessible through encryption. Other information was deleted, perhaps with corrupt motives. And some witnesses lied or otherwise tried to obstruct the investigation. As a result, it’s of course possible that incriminating evidence existed that Mueller – armed with subpoena power, unlimited resources, 22 months of investigative work, and a huge team of top-flight prosecutors, FBI agents, intelligence analysts and forensic accountants – did not find.

But anything is possible. It’s inherently possible that anyone is guilty of any crime but that the evidence just cannot be found to prove it. One cannot prove a negative. But the only way to rationally assess what happened is by looking at the evidence that is available, and that’s what Mueller did. And there’s simply no persuasive way – after heralding Mueller and his team as the top-notch investigators that they are and building up expectations about what this would produce – for any honest person to deny that the end of the Mueller investigation was a huge failure from the perspective of those who pushed these conspiracies.

Mueller certainly provides substantial evidence that Russians attempted to meddle in various ways in the U.S. election, including by hacking the DNC and Podesta and through Facebook posts and tweets. There is, however, no real evidence that Putin himself ordered this, as was claimed since mid-2016. But that Russia had done such things has been unsurprising from the start, given how common it is for the U.S. and Russia to meddle in everyone’s affairs, including one another’s, but the scope and size of it continues to be minute in the context of overall election spending:

To reach larger U.S. audiences, the IRA purchased advertisements from Facebook that promoted the IRA groups on the newsfeeds of U.S. audience members. According to Facebook, the IRA purchased over 3,500 advertisements, and the expenditures totaled approximately $100,000.

The section of Mueller’s report on whether Trump criminally attempted to obstruct the investigation is full of evidence and episodes that show Trump being dishonest, misleading, and willing to invoke potentially corrupt tactics to put an end to it. But ultimately, the most extreme of those tactics were not invoked (at times because Trump’s aides refused), and the actions in which Trump engaged were simply not enough for Mueller to conclude that he was guilty of criminal obstruction.

As Mueller himself concluded, a reasonable debate can be conducted on whether Trump tried to obstruct his investigation with corrupt intent. But even on the case of obstruction, the central point looms large over all of it: there was no underlying crime established for Trump to cover-up.

All criminal investigations require a determination of a person’s intent, what they are thinking and what their goal is. When the question is whether a President sought to kill an Executive Branch investigation – as Trump clearly wanted to do here – the determinative issue is whether he did so because he genuinely believed the investigation to be an unfair persecution and scam, or whether he did it to corruptly conceal evidence of criminality.

That Mueller could not and did not establish any underlying crimes strongly suggests that Trump acted with the former rather than the latter motive, making it virtually impossible to find that he criminally obstructed the investigation.

The nature of our political discourse is that nobody ever needs to admit error because it is easy to confine oneself to strictly partisan precincts where people are far more interested in hearing what advances their agenda or affirms their beliefs than they are hearing the truth. For that reason, I doubt that anyone who spent the last three years pushing utterly concocted conspiracy theories will own up to it, let alone confront any accountability or consequences for it.

But certain facts will never go away no matter how much denial they embrace. The sweeping Mueller investigation ended with zero indictments of zero Americans for conspiring with Russia over the 2016 election. Both Donald Trump, Jr. and Jared Kushner – the key participants in the Trump Tower meeting – testified for hours and hours yet were never charged for perjury, lying or obstruction, even though Mueller proved how easily he would indict anyone who lied as part of the investigation. And this massive investigation simply did not establish any of the conspiracy theories that huge parts of the Democratic Party, the intelligence community and the U.S. media spent years encouraging the public to believe.

Those responsible for this can refuse to acknowledge wrongdoing. They can even claim vindication if they want and will likely be cheered for doing so.

But the contempt in which the media and political class is held by so much of the U.S. population – undoubtedly a leading factor that led to Trump’s election in the first place – will only continue to grow as a result, and deservedly so. People know they were scammed, that their politics was drowned for years by a hoax. And none of that will go away no matter how insulated media and political elites in Washington, northern Virginia, Brooklyn, and large West Coast cities keep themselves, and thus hear only in-group affirmation while blocking out all of that well-earned scorn.

The post Robert Mueller Did Not Merely Reject the Trump/Russia Conspiracy Theories. He Obliterated Them. appeared first on The Intercept.



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Monday, April 15, 2019

We Have Seen This Happen Before The Last 3 Recessions – And Now It Is The Worst It Has Ever Been

ORIGINAL LINK

Since the last financial crisis, we have witnessed the greatest corporate debt binge in U.S. history.  Corporate debt has more than doubled since then, and it is now sitting at a grand total of more than 9 trillion dollars.  Of course there have been other colossal corporate debt binges throughout our history, and they all ended badly.  In fact, the ratio of corporate debt to U.S. GDP rose above 40 percent prior to each of the last three recessions, but this time around we have found a way to top that.  According to Forbes, the ratio of nonfinancial corporate debt to U.S. GDP is now nearly 50 percent…

Since the last recession, nonfinancial corporate debt has ballooned to more than $9 trillion as of November 2018, which is nearly half of U.S. GDP. As you can see below, each recession going back to the mid-1980s coincided with elevated debt-to-GDP levels—most notably the 2007-2008 financial crisis, the 2000 dot-com bubble and the early ’90s slowdown.

You can see the chart they are talking about right here, and it clearly shows that each of the last three recessions coincided with the bursting of an enormous corporate debt bubble.

This time around the corporate debt bubble is larger than it has ever been before, and risky corporate debt has been growing faster than any other category

Through 2023, as much as $4.88 trillion of this debt is scheduled to mature. And because of higher rates, many companies are increasingly having difficulty making interest payments on their debt, which is growing faster than the U.S. economy, according to the Institute of International Finance (IIF).

On top of that, the very fastest-growing type of debt is riskier BBB-rated bonds—just one step up from “junk.” This is literally the junkiest corporate bond environment we’ve ever seen.

Needless to say, the stage is set for a corporate debt meltdown of epic proportions.

What makes this debt bubble even worse is the way that our big corporations have been spending the money that they are borrowing.

Instead of spending the money to build factories, hire workers and expand their businesses, our big corporations have been spending more money on stock buybacks than anything else.

Every year, publicly traded corporations spend hundreds of billions of dollars buying back their own stocks from shareholders, and much of that is being done with borrowed money.

For example, in recent years General Motors has spent nearly 14 billion dollars on stock buybacks.  And that number certainly sounds quite impressive until you learn that General Electric has spent a whopping 40 billion dollars on stock buybacks.

Sadly, both corporate behemoths are now absolutely drowning in debt as a result of their foolishness.

In the final analysis, borrowing money to fund stock buybacks is little more than an elaborate Ponzi scheme.  In their endless greed, corporate executives are cannibalizing their own companies because it makes some people wealthier in the short-term.

And now this giant corporate debt bubble has reached a bursting point, and there is no way that this story is going to end well.

Meanwhile, another financial bubble of epic proportions is also getting a lot of attention these days.  If you are not familiar with “shadow banking”, here is a pretty good explanation from CNBC

Nonbank lending, an industry that played a central role in the financial crisis, has been expanding rapidly and is still posing risks should credit conditions deteriorate.

Often called “shadow banking” — a term the industry does not embrace — these institutions helped fuel the crisis by providing lending to underqualified borrowers and by financing some of the exotic investment instruments that collapsed when subprime mortgages fell apart.

This kind of lending has absolutely exploded all over the globe since the last recession, and it has now become a 52 trillion dollar bubble

In the years since the crisis, global shadow banks have seen their assets grow to $52 trillion, a 75% jump from the level in 2010, the year after the crisis ended. The asset level is through 2017, according to bond ratings agency DBRS, citing data from the Financial Stability Board.

Who is going to pick up the pieces when a big chunk of those debts start going bad during the next financial crisis?

Never before in human history have we seen so much debt.  Government debt is at all-time record levels all over the world, corporate debt is wildly out of control and consumer debt continues to surge.

A system that requires debt levels to grow at a much faster pace than the overall global economy is growing to maintain itself is a fundamentally flawed system.

But that is what we are facing.  If global debt growth fell to zero, the global economy would instantly plunge into a horrific depression.  The only way to keep the game going is to keep expanding the debt bubble, and the larger it becomes the worse the future crash will be.

Most of us have been in this system for our entire lives, and so most of us don’t even realize that it is possible to have a financial system that is not based on debt.  This is one of the reasons why I get so frustrated with the financially-illiterate politicians who insist that everything will be just fine if we just tweak our current system a little bit.

No, everything is not going to be just fine.  In fact, we have perfectly set the stage for the worst financial meltdown in human history.

At this point nobody has put forth a plan to fundamentally change the system, and there is no way out.

All that is left to do is to keep this current bubble going for as long as humanly possible, and then to duck and cover when disaster finally strikes.

Get Prepared NowAbout the author: Michael Snyder is a nationally-syndicated writer, media personality and political activist. He is the author of four books including Get Prepared Now, The Beginning Of The End and Living A Life That Really Matters. His articles are originally published on The Economic Collapse Blog, End Of The American Dream and The Most Important News. From there, his articles are republished on dozens of other prominent websites. If you would like to republish his articles, please feel free to do so. The more people that see this information the better, and we need to wake more people up while there is still time.

The post We Have Seen This Happen Before The Last 3 Recessions – And Now It Is The Worst It Has Ever Been appeared first on The Economic Collapse.



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Sunday, April 14, 2019

PressTV-Trump distances himself from Julian Assange

https://www.presstv.com/Detail/2019/04/12/593270/Donald-Trump-WikiLeaks-Julian-Assange

Cover-Up Smoking Guns on Clinton Emails

ORIGINAL LINK

Judicial Watch’s hard-fought litigation again struck pay dirt with new smoking gun evidence of a literal “cover-up” tied to the illicit Hillary Clinton email system.

This week, we made public 422 pages of FBI documents showing evidence of “cover-up” discussions related to the Clinton email system within Platte River Networks, one of the vendors who managed the infamous Clinton email system.

The documents also show Intelligence Community Inspector General (ICIG) Charles McCullough forwarding “concerns” about classified information in Clinton’s emails. These documents also contain Clinton’s 2009 classified information Non-Disclosure Agreement bearing her signature.

Our October 2016 Freedom of Information Act (FOIA) lawsuit (Judicial Watch v. U.S. Department of Justice?(No. 1:16-cv-02046)) forced the release of the new FBI documents. We sued after the Justice Department failed to comply with our July 7, 2016, FOIA request for a key group of FBI investigative files on the Clinton email issue.

Here is a sampling of what we have discovered.



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