by Dave Kranzler, Investment Research Dynamics:
When I was in high school studying history and government, my friends and I used to laugh at the Latin American Banana Republics. A “Banana Republic” is one in which the ruling class of elites exploit Governmental power for their own benefit at the expense of Untitledthe rest of the population. Rule of Law is replaced by Rule of Those in Charge. The leaders rake in massive amounts of illegal wealth and stand completely immune from prosecution. (click to enlarge)
The saga of Hillary Clinton is the saga of the United States’ descent into Banana Republic status. I knew when it was announced that she was “voluntarily” meeting with FBI Director James Comey that the fix was in. I knew it before that. I knew it when Bill Clinton illegally and unethically met with Loretta Lynch. A meeting she knew better than to coordinate. But that told me the fix was in. Interestingly there’s a deep connection between Lynch and Comey.
I had my good friend and colleague, John Titus of Best Evidence Productions, write a guest commentary about the latest step into Banana Republic Hell taken by the U.S., led by Hillary Clinton…
Back in April, I went on record stating that Hillary Clinton would be completely exonerated:
Given their [Attorney General Loretta Lynch and FBI Director James Comey’s] prior associations with HSBC, they’re in on this whole game, they’re in on letting banks run the whole economy—the whole country. [The banks] are in full control of the the government. They’re in full control of the DOJ. They are in full control of prosecutorial decisions. And nothing is going to happen to Hillary Clinton, and I mean zero.
Coup D’etat: The Banks Rule The U.S. (25:16 mark if link goes to wrong timestamp)
This post explains that statement. Hopefully it can be used as a means of fast-forwarding to the end of ludicrously protracted episodes of Kabuki legal theater like the one we just witnessed.
Once you understand that the rule of law is dead in the U.S., that it’s been replaced by a small network of readily identifiable agents operating on behalf of criminal banking enterprises headed by Goldman Sachs, there’s no need to waste any time on stories like Hillary selling state secrets out of her basement, or whatever it is she does down there. You’ll spare yourself the embarrassment of ever believing that the outcome of cases like Clinton’s are ever in doubt.
In March of this year, I released a video called “The Veneer of Justice in a Kingdom of Crime,” which shows that the rule of law is a dead letter in the U.S. It also explains that the only alternative to the rule of law is the rule of men, and that in the U.S. that means Goldman Sachs: Video Link
Goldman Sachs is a criminal enterprise. It perpetrated massive criminal frauds and got away with all of them. The worst of these was Goldman’s Hudson deal. The Senate and the media fixated on Abacus and Timberwolf. Those cases, though bad, are at least arguable. Hudson is not. It is black letter textbook criminal fraud.
Goldman pooled residential mortgages sitting on its books based on their high likelihood of failure. To dupe its customers into buying the doomed Hudson pool, Goldman put $6 million of its own money into Hudson and touted this fact in marketing materials. Secretly, though, Goldman bet $2 billion that Hudson would fail, and concealed its huge downside bet from investors. Goldman’s bet paid out $1.7 billion, which came directly from the pockets of the investors it deceived. It was a $1.7 billion theft, end of story.
The facts of Abacus and Timberwolf weren’t nearly as clean, which is probably why we heard about those instead of Hudson, which was a slam dunk.
But Goldman Sachs, which runs the Justice Department, exonerated itself of all wrongdoing. The two highest-ranking DOJ officials responsible for Goldman’s exoneration—Eric Holder and Lanny Breuer—came to the DOJ from Covington & Burling, Goldman’s law firm. After the 5-year statute of limitations for criminal fraud ran out, both men returned to Covington. Each makes several million dollars a year.
During their temp assignments at the DOJ, both men formally declared the rule of law to be dead. That’s a big deal. It’s one thing for officials to disregard the law as a matter of factual opinion. What Breuer and Holder did was another matter altogether: they openly announced that the rule of law is dead in principle too. It’s a very big and very dangerous difference.
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