Corruption

Martin Armstrong: ‘The West Has To Learn That Marx Was Just Wrong’

The final post of last week concerned recent material from my research suggesting socialism is becoming popular among Millennials. I ended with this:

Before moving on to a different topic, I must emphasize these last two posts shouldn’t be construed as some sort of attack on Millennials, Democrats, or socialism. Rather, their purpose was to get an idea of where the country might be heading when “America’s largest generation” start flexing their collective political muscle. And what might be required for “protecting and growing self and wealth” when that happens.

I’m going to add just one more thing before departing this subject. And it’s related to getting that “idea of where the country might be heading.”

Back on November 28, 2017, economist Martin Armstrong discussed China in a post on his company’s website. The creator of the Economic Confidence Model included the following in the piece:

What makes the US economy the biggest? The American consumer and lower taxes than Europe. When you leave more money in the hands of the people, they spend it creating jobs for everyone. Europe is following Marx. They think the government is better equipped to spend other people’s money. That produces corruption, not economic growth.

As long as China keeps its tax rate low and allows the people to spend the benefits of their labour, then it will continue to rise economically and displace those in the West who are blinded by power and pursue this Hunt forever more Taxes. The West has to learn that Marx was just wrong. The strongest economic growth unfolds when people are allowed to spend their own money.

(Editor’s note: Bold added for emphasis)

Again, this post is not an attack on socialism/Marxism. But considering the track record of Marxist states in dealing with “self and wealth,” it only makes sense those serious in “protecting and growing” these things would keep a close eye on the direction the collective political mindset of America’s youth is heading. And act accordingly.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Armstrong, Martin. “Renminbi v the Dollar.” Armstrong Economics Blog. 28 Nov. 2017. (https://www.armstrongeconomics.com/international-news/china/renminbi-v-the-dollar/). 10 Dec. 2017.

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Quote For The Week

“We can survive. Yes you should have some gold coins as a HEDGE against a reset in the monetary system that is coming. But that is for diversification – not to exclusion of everything else. We are headed into a control-alt-delete reset. There is no avoiding this outcome for the system is being run by lawyers who are as corrupt as they come. We need a hedge fund manager at this point to reset the economy – not more lawyers.

We can do this. It is like watching the weather reports and seeing a hurricane is coming. You board up the windows and ride it out. Just get ready – that’s all. No need to be doom and gloom. This is just one of those times that tries the soul and forges courage and wisdom through experience. When the economy turns down in the USA, then people will listen to you. So don’t waste your breath now… The USA is just not quite ready for prime time. Don’t worry – it’s coming.”

-Martin Armstrong, economist at Armstrong Economics and creator of the Economic Confidence Model, in an April 10 blog post on his website

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: I know a few attorneys who aren’t all that bad. A few…)

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Hacker ‘Guccifer’: Chicago Targeted For Nuclear Attack In 2015

The recently-apprehended hacker known as “Guccifer” (Marcel-Lehel Lazar, an unemployed 43-year-old Romanian) is in the news today for something he told The New York Times while meeting with them. Andrew Higgins reported on the Times website yesterday:

Before agreeing to answer questions from The New York Times in prison, where he shares a cell with four others, including two convicted murderers, he read out a lengthy handwritten statement that he said explained the purpose of his hacking.

A potpourri of conspiracy theories about the terrorist attacks of Sept. 11, 2001, the 1997 death of Princess Diana and alleged plans for a nuclear attack in Chicago in 2015, it said: “This world is run by a group of conspirators called the Council of Illuminati, very rich people, noble families, bankers and industrialists from the 19th and 20th century.”

(Editor’s note: Bold added for emphasis)

The Times article didn’t elaborate on the supposed nuclear strike. And as far as I can tell there’s been no mention of it elsewhere out in cyberspace.

Assuming “Guccifer” isn’t spinning this tale in an attempt to save his hide, some are already jumping to the conclusion that such an attack would be a “false flag” event perpetrated by this Illuminati.

But what if Mr. Lazar discovered the plans within the e-mails of those powerful individuals whose accounts he was known to hack? In other words, they had intelligence about the coming nuke attack in their possession (it’s conceivable having such power/prestige might afford them that privilege) but the event wouldn’t be of their doing.

If not them, then who?

Consider what I blogged back on June 1:

WBBM (Chicago) Political Editor Craig Dellimore recently interviewed Robert Holley, Special Agent in Charge of the Federal Bureau of Investigation office in Chicago, for the WBBM Newsradio show At Issue. From their exchange that was uploaded on the show’s web page today:

DELLIMORE: With all the headlines about street gangs, shootings, and corruption in and around Chicago, I think people can sometimes forget that terrorism is still a threat here, and is a major focus of what the FBI has to do. We haven’t had a major attack here- though there have been some plots thwarted. How real is the threat of terrorism these days?
HOLLEY: I would say, Craig, that the threat that we face now is probably more so than right after 9/11. Al-Qaeda Central has been thwarted in many of the attacks that they have been trying to conduct here in the West and against our allied partners overseas. Through Osama bin Laden being killed, and other leaders within core Al-Qaeda- the core leadership within Al-Qaeda- over the last several years, their ability to plan and conduct operations has been limited. What happened is, it is diffused to other groups. Al-Qaeda in the Arabian Peninsula- we call them AQAP. Al-Qaeda in Islamic Magreb- AQIM. Al Nusra in Syria. So these are all significant threats- terrorism threats. Although they are headquartered overseas, they have an intent to strike here in the West. And they are actively plotting, recruiting, and training to conduct attacks here in the United States.
DELLIMORE: Is some of this theoretical, or do investigators uncover more concrete signs that Chicago could be a target, at least more so than we average folks might realize?
HOLLEY: I would never describe it as being theoretical. It is an actual threat. And there is no community in the United States that is immune from an attack on their communities. We saw what happened in Boston by two homegrown violent extremists. There have been multiple disruptions through different JTTF (unintelligible word) throughout the FBI in the United States over the last several years. You can look at Lubbock, Texas. Not a large metropolitan area, but had a significant attempt to conduct a terrorist attack there…

“The threat that we face now is probably more so than right after 9/11.”

Something for Chicago-area readers to chew on.

Personally, I suspect that if the bad guys got their hands on a nuke, New York City and Lower Manhattan in particular (Wall Street, One World Trade Center) would be in their crosshairs because of its economic and symbolic value. Washington, D.C., would be a close second due to its political importance.

As for Chicago? Well, some would argue Muslim extremists can’t do much more damage to the city than “The Machine” hasn’t already done.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Higgins, Andrew. “For Guccifer, Hacking Was Easy. Prison Is Hard.” The New York Times. 10 Nov. 2014. (http://www.nytimes.com/2014/11/11/world/europe/for-guccifer-hacking-was-easy-prison-is-hard-.html?_r=0). 11 Nov. 2014.

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Illinois Ranked 4th Most Corrupt State In America

The other day I came across an interesting article on the Yahoo! Homes website. It was entitled “The most corrupt states in America.” I thought to myself:

I wonder how high Illinois will rank on this list?

Pretty high, as a matter of fact. From the piece:

4: Illinois. An old standby. The last two governors both went to jail for corruption. Enough said.

Actually, there’s more to be said. Robert McGarvey wrote on August 7:

An academic at the University of Hong Kong and another at Indiana University set out to rank the states by level of corruption, combing arrest and conviction records for public officials.

Cheol Liu and John L. Mikesell also reported that states with greater public spending have more corruption- particularly when the spending is in areas ripe for bribery, like construction, police and highway projects.

“People think corruption doesn’t happen here,” said Chicago lawyer Sergio Acosta, who used to work in the U.S. Attorney’s Office for the Northern District of Illinois. He’s a member of Chicago Mayor Rahm Emanuel’s Ethics Reforms Task Force, which aims to codify appropriate behavior for city employees. “That’s the real value of this report.”

“People think corruption doesn’t happen here”

(Editor is laughing his ass off right now)

“Illinois” and “corruption” are pretty much interchangeable in the minds of many people familiar with the state. Particularly Illinoisans. I blogged back on April 2:

I don’t talk about the topic too often, but political corruption was the focus of a recent poll taken by the Paul Simon Public Policy Institute down at Southern Illinois University in Carbondale. From a press release Monday:

Illinois Voters: Political Corruption “Common” In Our State

Overwhelming majorities of Illinois voters believe political corruption is the norm for both federal and state governments, according to the latest poll by the Paul Simon Public Policy Institute at Southern Illinois University.

Fewer people believe political corruption at the local level affects their lives – unless they live in Chicago.

The poll of 1001 registered voters across the state conducted Feb. 12 -25 has a margin for error of plus or minus 3.5 percentage points. The survey found:

• 89 percent of Illinoisans feel corruption is somewhat common in the state, with 53 percent believing it’s very common.
• 79 percent say corruption at the federal level is at least somewhat common, with 45 percent saying it’s very common.
• 62 percent of all Illinoisans believe county or city political corruption is at least somewhat common, with 35 percent reporting local corruption to be very common.
• However, 85 percent of those living in Chicago believe county or city political corruption is at least somewhat common, with 55 percent perceiving local corruption to be very common.

“These are sad numbers,” said David Yepsen, Director of the Institute. “No wonder many people don’t vote and participation in civic affairs seems limited. It’s unhealthy for a society to have such little confidence in the integrity of government. It makes Illinois an unattractive place to live.”

I also wrote back on February 14, 2012:

This afternoon I was running errands around the Chicagoland area when I heard on WBBM Newsradio 780 that a new study showed Chicago is the most corrupt city in the nation. From the CBS Channel 2 Chicago website:

A former Chicago alderman turned political science professor/corruption fighter has found that Chicago is the most corrupt city in the country.

He cites data from the U.S. Department of Justice to prove his case. And, he says, Illinois is third-most corrupt state in the country

University of Illinois professor Dick Simpson estimates the cost of corruption at $500 million.

(Editor’s note: Bold added for emphasis)

Oh, people think corruption happens around here. And for good reason.

If Illinois readers think it’s bad now, wait until the bottom really falls out of the economy.

In fact, it’s probably a good idea to start making influential friends/connections now if you haven’t done so already as part of a larger program for taking care of your and your loved ones’ needs when conditions become tough to do so.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

McGarvey, Robert. “The most corrupt states in America.” MainStreet.com. 7 Aug. 2014. (https://homes.yahoo.com/news/the-most-corrupt-states-in-america-033250358.html.) 12 Aug. 2014.

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Tuesday, August 12th, 2014 Corruption, Crime, Government, Preparedness No Comments

The Illinois Diaspora Is On

“Diaspora- the movement, migration, or scattering of a people away from an established or ancestral homeland.”

-Merriam-Webster Online

On April 28, I blogged about a recent Gallup poll which revealed 1 in 4 Illinois residents (25 percent) say the state is the worst place to live.

On May 1, I talked about the same poll and the finding that 50 percent of Illinois respondents said they would leave the state if given the opportunity.

I had previously discussed how Illinoisans were departing the state in significant numbers.

And this morning, I read a commentary piece on the Chicago Tribune website that provided more evidence of a “diaspora” taking place from the “Land of Lincoln.” Diana Sroka Ricker of the Chicago-based non-partisan research organization Illinois Policy Institute wrote:

A startling pair of Gallup polls recently suggested that Illinoisans are an unhappy lot. Half of us would move elsewhere if we could. One in 4 says Illinois is the worst possible place to live in the entire U.S.

Naysayers claim it’s all talk. It isn’t.

Not long after the Gallup polls came out, the Internal Revenue Service released fresh numbers showing which states people are moving to and which states people are fleeing.

Spoiler: Illinois didn’t earn any positive marks in this report, either.

According to the IRS, Illinoisans don’t just want to move; they are moving. And they’ve been moving for a long time.

From 1995 to 2010, Illinois lost more than 850,000 people to other states. That’s after you offset the number of people who actually moved in.

The bleeding is bad; on net, 1 person leaves Illinois every 10 minutes.

(Editor’s note: Bold added for emphasis)

All those people leaving, and still traffic sucks.

Sadly enough, those who created a good deal of this mess still hold the reigns of political power throughout the state.

In conjunction with ongoing corruption and rampant voter apathy, I predict economic and employment conditions in Illinois will keep deteriorating- resulting in even more residents headed out the door.

The Illinois Diaspora is on…

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

Sroka Rickert, Diana. “Taxes, job market causing people to leave Illinois.” Chicago Tribune. 13 May 2014. (http://www.chicagotribune.com/news/opinion/commentary/ct-illinois-population-loss-texas-indiana-taxes-05-20140513,0,7725171,full.story). 13 May 2014.

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Gallup Poll: 1 In 4 Illinois Residents Say It’s The Worst State To Live

“Well, if they’re in Illinois today, they’re probably so much in love with Illinois that they’re not going to leave.”

-Illinois Speaker of the House Michael Madigan (D- Chicago), while pitching the idea of raising income taxes on Illinois millionaires back on March 20, 2014 (Source: Chicago Tribune, March 21, 2014)

I’m blessed to be surrounded by lots of good people here in the state of Illinois. I was reminded by that fact yesterday while cheering on athletes at the Special Olympics (Illinois) Spring Games over in Mount Prospect (a far northwest suburb of Chicago).

Yet, many Illinoisans just aren’t enamored of their home state.

Justin McCarthy wrote on the Gallup website last Thursday:

When asked to rate their state as a place to live, three in four Montanans (77%) and Alaskans (77%) say their state is the best or one of the best places to live. Residents of Rhode Island (18%) and Illinois (19%) are the least likely to praise their states…

Illinois has the unfortunate distinction of being the state with the highest percentage of residents who say it is the worst possible place to live. One in four Illinois residents (25%) say the state is the worst place to live, followed by 17% each in Rhode Island and Connecticut.

Throughout its history, Illinois has been rocked by high-profile scandals, investigations, and resignations from Chicago to Springfield and elsewhere throughout the state. Such scandals may explain why Illinois residents have the least trust in their state government across all 50 states. Additionally, they are among the most resentful about the amount they pay in state taxes. These factors may contribute to an overall low morale for the state’s residents…

(Editor’s note: Bold added for emphasis)

“One in four Illinois residents (25%) say the state is the worst place to live”

Can’t say I’m too surprised to hear this.

At the same time, I’d like to know what, if anything, those Illinois respondents that feel that way are doing about the situation.

Even with a renewed embrace of civic duty and engagement on their part, I fear the Ubi Est Me? (“where’s mine?”) brigade and legions of disgusted and indifferent voters in the state are just too many at this point, sealing the “Land of Lincoln’s” eventual fate.

According to Gallup, the results were based on a special 50-state poll conducted from June through December 2013, where interviews were conducted with at least 600 residents in each state.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

Source:

McCarthy, Justin. “Montanans, Alaskans Say States Among Top Places to Live.” Gallup.com. 24 Apr. 2014. (http://www.gallup.com/poll/168653/montanans-alaskans-say-states-among-top-places-live.aspx). 28 Apr. 2014.

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Monday, April 28th, 2014 Corruption, Government, Taxes No Comments

Poll Of Illinois Voters: 89% Feel Political Corruption Somewhat Common In State

I don’t talk about the topic too often, but political corruption was the focus of a recent poll taken by the Paul Simon Public Policy Institute down at Southern Illinois University in Carbondale. From a press release Monday:

Illinois Voters: Political Corruption “Common” In Our State

Overwhelming majorities of Illinois voters believe political corruption is the norm for both federal and state governments, according to the latest poll by the Paul Simon Public Policy Institute at Southern Illinois University.

Fewer people believe political corruption at the local level affects their lives – unless they live in Chicago.

The poll of 1001 registered voters across the state conducted Feb. 12 -25 has a margin for error of plus or minus 3.5 percentage points. The survey found:

• 89 percent of Illinoisans feel corruption is somewhat common in the state, with 53 percent believing it’s very common.

• 79 percent say corruption at the federal level is at least somewhat common, with 45 percent saying it’s very common.

• 62 percent of all Illinoisans believe county or city political corruption is at least somewhat common, with 35 percent reporting local corruption to be very common.

° However, 85 percent of those living in Chicago believe county or city political corruption is at least somewhat common, with 55 percent perceiving local corruption to be very common.

“These are sad numbers,” said David Yepsen, Director of the Institute. “No wonder many people don’t vote and participation in civic affairs seems limited. It’s unhealthy for a society to have such little confidence in the integrity of government. It makes Illinois an unattractive place to live.”

“It makes Illinois an unattractive place to live.”

That it does, Mr. Yepsen. That it does.

Note that bit about Chicago.

Back on February 4, 2012, I blogged:

This afternoon I was running errands around the Chicagoland area when I heard on WBBM Newsradio 780 that a new study showed Chicago is the most corrupt city in the nation. From the CBS Channel 2 Chicago website:

A former Chicago alderman turned political science professor/corruption fighter has found that Chicago is the most corrupt city in the country.

He cites data from the U.S. Department of Justice to prove his case. And, he says, Illinois is third-most corrupt state in the country

University of Illinois professor Dick Simpson estimates the cost of corruption at $500 million…

(Editor’s note: Bold added for emphasis)

Truly, a sad state of affairs.

You can read the entire press release (.pdf format) from the Paul Simon Public Policy Institute on their website here.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

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Wednesday, April 2nd, 2014 Corruption, Government No Comments
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