Using history to understand hidden wealth in the UK

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Trump Regime Makes Large-Scale Cuts in Food Stamps

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Establishment Media Mass Deception

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Trump Regime Releases Iranian Political Prisoner

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Russian Foreign Ministry on Syria, Afghanistan, Venezuela and Bolivia

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Pearl Harbor Revisited: Dispelling Surprise Attack Mythology

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Nonbelligerent Iran v. Nuclear Armed and Dangerous Israel

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Anglo-Zionist Plot Against Britain’s Jeremy Corbyn

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White House Won’t Participate in Sham Impeachment Hearings

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House Judiciary Committee Sham Ukrainegate Hearings

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France Shut Down by Nationwide Strike Action for Social Justice

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Rabobank: “The Global Institutional Architecture Is Collapsing”

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R. Hunter Biden Should Declare Who Really Owns His New Ukrainian Employer, Burisma Holdings

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Beware The ‘Unholy Alliance’ Of Trump & Powell

From Zero Hedge:

Some things can’t be proven, but they can be observed. Correlation is not necessarily causation, but when the evidence keeps mounting so does credulity. And the cumulative evidence increasingly points to an unholy alliance between Donald Trump and the US Federal Reserve with the Fed succumbing to political pressure and delivering Donald Trump what he needs most: A soaring stock market to ward off political problems and to help ensure a 2020 re-election.
Fantasy talk? Let’s examine the evidence and take a closer look at the historicity of it all. Nobody has done it and I sense it needs to be done for all to see and judge for themselves. May as well be me doing the legwork here.
It all began in October of 2018. The S&P 500 had made new all time highs in September of 2018. The $DJIA made an all time new high in early October 2018. Things were going well. The US tax cuts rewarded corporations with massive tax benefits which many of them unleashed on US markets in the form of record buybacks and markets were soaring, US GDP growth was moving above 3% all was well.
Indeed Donald Trump, known for having tweeted critically about the Fed dozens of times in 2019, had not mentioned the Fed once in 2018. Not until this happened:
Markets sold off in October and suddenly the first tweet about the Fed, a subtle hint quoting a Wall Street strategist:
“If the Fed backs off and starts talking a little more Dovish, I think we’re going to be right back to our 2,800 to 2,900 target range that we’ve had for the S&P 500.” Scott Wren, Wells Fargo.

Backing off of course referring to the Fed’s efforts to use market and economic strength to finally attempt to normalize its bloated balance sheet from $4.5 trillion to something more in line with pre financial crisis levels.
The larger hint: Use the Fed to re-inflate asset prices.
Whatever you may think of of Donald Trump he knows quite well the power of the Fed and its impact on asset prices. Sinking stock prices are bad for business, bad for the economy and bad for a president.
And what better way to increase stock prices than to have the Fed increase its balance sheet. Here, Donald Trump in 2012:
QE creates artificial numbers for short term gains. His words. He knows.
QE was needed, especially as markets collapsed into late 2018:
Suddenly the pace of Fed tweeting increased, the tone more direct with specific instructions:
I hope the people over at the Fed will read today’s Wall Street Journal Editorial before they make yet another mistake. Also, don’t let the market become any more illiquid than it already is. Stop with the 50 B’s. Feel the market, don’t just go by meaningless numbers. Good luck!

Stop the 50 B’s. The 50 B’s of course referring to the Fed’s quantitative tightening program on “autopilot” as Jay Powell had declared it to be.
The collapse in markets now prompted more aggressive signaling as only 4 days following the above tweet Trump threatened to fire Powell.
Pressure was on. Treasury Secretary Mnuchin was hitting the phones hard only a day later with his now infamous liquidity calls with banks. It doesn’t take a conspiracy theorist to presume Jay Powell’s phone was on speed dial as well.
Markets, vastly oversold and technically disconnected, bottomed following these phone calls. And Jay Powell’s autopilot program crumbled in principle and suddenly signaled being “flexible” on the balance sheet roll-off only a few days later.
Stop the 50Bs. Yes sir. A message received and likely very well reinforced during an ‘informal dinner” in early February.
And thus began a long windy road to ensure asset price levitation and stop any corrective activity in its tracks and Jay Powell became the savior at every low in 2019:
But the Fed ran into problems during its initial rate cuts in 2019 as each time markets sold off.
All the while the present kept the pressure on in dozens of tweets. Type in “Fed” in the tweet archive and see for yourself.
Here are a few select goodies again linking market performance to the Fed:
If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%…with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!

Jay Powell is claimed to be clueless as markets were correcting in August:
..Spread is way too much as other countries say THANK YOU to clueless Jay Powell and the Federal Reserve. Germany, and many others, are playing the game! CRAZY INVERTED YIELD CURVE! We should easily be reaping big Rewards & Gains, but the Fed is holding us back. We will Win!

Powell has let us down, need a big cut:
Doing great with China and other Trade Deals. The only problem we have is Jay Powell and the Fed. He’s like a golfer who can’t putt, has no touch. Big U.S. growth if he does the right thing, BIG CUT – but don’t count on him! So far he has called it wrong, and only let us down….

No, the pressure was on to deliver big, not only on rate cuts but also on QE:

And Powell delivered. 3 rate cuts, and then came the big repo program and then QE, although the Fed sheepishly claimed it not to be QE. The Fed increased its balance sheet hard, over $290B now and markets listened.
Indeed the only down week markets have had since then was precisely the only week the Fed actually reduced its balance sheet. Correlation is not causation?
Hardly, especially considering the Fed is running a massive daily liquidity program on top of QE, called repo:
As markets volumes have dwindled in the run up of the rally the Fed is relentlessly injecting liquidity into these markets with over $106B added just on the Wednesday in front of the Thanksgiving holiday. My question:
My larger point: “The Federal Reserve Bank of New York added $108.95 billion in temporary liquidity to the financial system on Wednesday.”. If it’s temporary, but happens every single day it’s not temporary, it’s a permanent daily liquidity boost.
It’s distorting markets.
And indeed it is.
Following the introduction of QE not only went markets on a tear to new highs, but left the weekly 5EMA in the dust, not touching it for 6 weeks in a row:
Weekly 5 EMA disconnects happen during big rallies and during big sell offs. Nothing unusual about that. How often do weekly 5 EMA disconnects happen 6 weeks in a row? Well, never:
Not even during the blast off rally into January 2018 did this happen, but since the Fed has been drowning markets in liquidity with its daily liquidity injections and treasury bills buying markets have blasted off into the melt-up/combustion scenario.
And suddenly we get to witness a miraculous conversion. From Jay Powell the beaten puppy, the clueless terrible communicator and derelict if he doesn’t stimulate…
Jay Powell and the Federal Reserve Fail Again. No “guts,” no sense, no vision! A terrible communicator!

The Federal Reserve is derelict in its duties if it doesn’t lower the Rate and even, ideally, stimulate. Take a look around the World at our competitors. Germany and others are actually GETTING PAID to borrow money. Fed was way too fast to raise, and way too slow to cut!

…to getting a very good and cordial meeting:
Just finished a very good & cordial meeting at the White House with Jay Powell of the Federal Reserve. Everything was discussed including interest rates, negative interest, low inflation, easing, Dollar strength & its effect on manufacturing, trade with China, E.U. & others, etc.

We’re all friends again, cause that’s where you meet with friends, not in the Oval office, but in the private residence of the White House.
I submit the timelines, the actions, the words, the results speak for themselves.
The US Fed under Jay Powell has manufactured a massive market rally producing vast P/E multiple expansion in the face to declining earnings and growth:
Wall Street gets to celebrate, wealth inequality is made great again, Powell’s no longer clueless, his job is safe and the president gets to take victory laps on twitter:
Will it last for the long term?
Not according to this guy:
QE3 is going to further sink the dollar into oblivion. Creates artificial numbers for short term market gains. (cont) http://tl.gd/j9pbcu 

It just needs to last until November 2020.
And the Fed claiming political independence? That claim rings as hollow as its September declaration of repo being just temporary. Sure Sherlock:
Look, I can’t prove an unholy alliance between Trump and the Fed. I’m not sitting at the dinner table or in the White House residence or listen to phone calls. There are no transcripts, no minutes, nothing of the transparent sort.
But we have dates, we have tweets, we have price action, we have speeches and we have policy actions and we can see the correlations between all these things and the impact on US stock markets and all of these lead to an inevitable conclusion: The Fed has been doing the administration’s bidding, willingly or not is besides the point. They have for the ultimate reason: No bull market without central bank intervention, for they know the larger truth:

The global economy is on crutches.
This is why it requires constant central bank intervention and hence the talk of fiscal stimulus everywhere.
The plain truth is it can’t do without.
Organically it already is in recession.
Intervention/stimulus/debt keeps kicking the can.
10 years after the financial crisis we’re exactly back to where we started: Requiring intervention, low rates and QE.
Except now the world has $250 trillion of debt.
And the only solution is to do more of the same.
Genius.

I’ll aim to post a technical update separately in the days ahead, but know that this rally is not based on fundamentals or growth, it’s a manufactured melt-up that is stretching charts far above the historic mean and therefore increase risk of a massive reversion. Melt-ups are awe-inspiring, but they are also dangerous if not supported by fundamentals and the Fed may come to regret the liquidity monsters it has unleashed for the Fed will ultimately take the blame blowing the largest asset bubble since 2000.
*  *  *
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Bombshell Report Alleges Russian Oligarch Laundered $860 Million Via Swedbank

From Zero Hedge:The money-laundering scandal sweeping across the Scandinavian banking system reached another milestone on Wednesday. The Organized Crime and Corruption Reporting Project, an organization that helped break the story, has dropped ano…

Ukrainian Indictment Claims $7.4 Billion Obama-Linked Laundering, Puts Biden Group Take At $16.5 Million

An indictment drawn up by Ukraine’s Office of the Prosecutor General against Burisma owner Nikolai Zlochevsky claims that Hunter Biden and his partners received $16.5 million for their ‘services’ – according to Ukrainian MP Alexander Dubinsky of the ruling Servant of the People Party.
Dubinsky made the claim in a Wednesday press conference, citing materials from an investigation into Zlochevsky and Burisma.
“Zlochevsky was charged with this new accusation by the Office of the Prosecutor General but the press ignored it,” said the MP. “It was issued on November 14.”
The son of Vice-President Joe Biden was receiving payment for his services, with money raised through criminal means and money laundering,” he then said, adding “Biden received money that did not come from the company’s successful operation but rather from money stolen from citizens.”
According to Dubinsky, Hunter Biden’s income from Burisma is a “link that reveals how money is siphoned [from Ukraine],” and how Biden is just one link in the chain of Zlochevsky’s money laundering operation which included politicians from the previous Yanukovich administration who continued their schemes under his successor, President Pyotr Poroshenko.
“We will reveal the information about the financial pyramid scheme that was created in Ukraine and developed by everyone beginning with Yanukovich and later by Poroshenko. This system is still working under the guidance of the current managerial board of the National Bank, ensuring that money flows in the interest of people who stole millions of dollars, took it offshore and bought Ukrainian public bonds turning them into the Ukrainian sovereign debt,” said Dubinsky, adding that “in both cases of Yanukovich and Poroshenko, Ms. Gontareva and companies she controls were investing the stolen funds.”
Franklin Templeton named
According to Interfax-Ukraine, MP Andriy Derkach announced at the same press conference that deputies have received new materials from investigative journalists alleging that the ‘family’ of ex-President Yanukovych funneled $7.4 billion through American investment firm Franklin Templeton Investments, which they claim have connections to the US Democratic party.
“Last week, November 14, the Prosecutor General’s Office (PGO), unnoticed by the media, announced a new suspicion to the notorious owner of Burisma, ex-Ecology Minister Zlochevsky. According to the suspicion, the Yanukovych family is suspected, in particular, with legalizing (laundering) of criminally obtained income through Franklin Templeton Investments, an investment fund carrying out purchases of external government loan bonds totaling $7.4 billion,” said Derkach, adding that the money was criminally obtained and invested in the purchase of Ukrainian debt in 2013 – 2014.
The son of Templeton’s founder, John Templeton Jr., was one of President Obama’s major campaign donors. Another fund-related character is Thomas Donilon. Managing Director of BlackRock Investment Institute, shareholder Franklin Templeton Investments, which has the largest share in the fund. It is noteworthy that he previously was Obama’s national security advisor,” Derkach added.
Derkach then demanded “President Zelensky must pick up the phone, dial Trump, ask for help and cooperation in the fight against corruption and fly to Washington. The issue of combating international corruption in Ukraine with the participation of citizens, businessmen and U.S. officials should become a key during the meeting of the two presidents.”

Mike Novogratz Launches New Funds To Bring Bitcoin To America’s Top 1%

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Leaked Bank Records Confirm Burisma-Biden Payments To Morgan Stanley Account

Documents allegedly leaked by the Ukrainian General Prosecutor’s office to CD Media have shed light on payments from Burisma Holdings to Rosemont Seneca Bohai LLC, a corporation controlled by Hunter Biden partner (and fellow former Burisma board member) Devon Archer.

Devon Archer (far left) is pictured with Joe and Hunter Biden. (Screenshot from Twitter)

Archer was Yale roommates with John Kerry’s stepson Chris Heinz – the two of whom opened investment firm Rosemont Capital with Joe Biden’s son, Hunter. Rosemont Capital is the parent company of Rosemont Seneca Partners, LLC – the entity which receive the Burisma payments and in turn aid Biden.
The newly leaked records show 45 payments between November 2014 and November 2015 totaling $3.5 million, mostly in increments of $83,333.33. The payments correspond to Morgan Stanley bank records the New York Times reported on earlier this year – submitted as evidence in a case against Archer who was convicted in a scheme to defraud pension funds and an Indian tribe of tens of millions of dollars. Archer’s conviction was overturned in November by a judge who felt that he may not have willingly participated in the scheme.

Rosemont Seneca Bohai LLC is owned and operated by Devon Archer, the Kerry Family including John Kerry Senior, John Kerry Junior, Heinz Jr and Hunter Biden.

All of whom are also listed as partners in the Rosemont Seneca Fund and other affiliated Rosemont Seneca companies.

Leaked transaction and bank records indicate an influx of large payments from Ukrainian energy company Burisma Holdings Limited to Rosemont Seneca Bohai LLC, in what appears to be monthly payments of $83,333.33.
View image on TwitterView image on TwitterView image on TwitterView image on Twitter

What’s more, there are several payments from “Wirelogic Technology AS” and “Digitex Organization LLP” in the amounts of 366,015 EUR and $1,964,375 US based on credit agreements – while $1,150,000 went to Devon Archer and Hunter Biden.

Via CD Media

Looking through the Rosemont Seneca Bohai bank records reveals that it was essentially a slush fund used for payments to Biden, expensive toys, an investment in the ill-fated Indian tribe scheme, and other miscellaneous expenses.

$104,000 to Mecum Auction Inc.

$142,000 to Schneider Nelson Motor, $30,000 to Hampton Watercraft & Marine

$1,580 in toll road violations

Indian Scheme
On September 25, 2014 a wire of $15,000,000 was received from Florida attorney, Clifford A Wolff. It was subsequently used to buy a $15 million bond from Wakpamni Town Center – the scheme linked to Archer’s overturned conviction.

September 2014 statement

October 2014 statement

November 2014 statement

It is unclear why Rosemont Seneca had so much skin in the game. Via the Wall Street Journal:
Hunter Biden’s work in Ukraine and China has attracted criticism from President Trump and other Republicans. In an unrelated fraud case from last year, his name was invoked as a selling point in transactions that turned out to be fraudulent, although Mr. Biden‘s lawyer said his client knew nothing about it.
The case involved a $60 million securities fraud based on bonds issued by an economic-development company affiliated with a Native American tribe in South Dakota, according to prosecutors’ statements in a federal trial in Manhattan last year.
The proceeds were supposed to be used to build a distribution center and other projects, but were instead diverted for the personal use of Jason Galanis, prosecutors said prosecutors said, describing him as the scheme’s ringleader. Mr. Galanis and others also sought to use the bonds to advance a strategy that involved buying up financial firms to merge them into a larger one called Burnham Financial Group, in a deal called a “roll up,” according to prosecutors.
You can flip through the rest of Rosemont’s bank statements below:

Is Russia going to start the final global crackdown on crypto?

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