This article was originally published by Michael Snyder at The Economic Collapse Blog.
By now, it is exceedingly obvious that the global elite absolutely hate Donald Trump. No president in U.S. history has faced such a relentless assault by the corporate media, and there have been attempts to sabotage his presidency at every turn. Miraculously, Trump has survived all of these attacks so far, but now the specter of impeachment looms large over his administration.
The Democrats have a solid majority in the U.S. House of Representatives, they are working quickly toward drafting articles of impeachment, and they actually hope to have Trump impeached by Christmas Day. But in order to have Trump removed from office, 67 votes will be needed in the Senate, and right now Democrats only control 47 of those seats. It was always going to be tough for Democrats to get 20 Republicans in the Senate to turn on Trump, but they have bungled this process so badly that they might not end up getting any at all.
That scenario will become even more likely if House Republicans stand solidly united behind Trump, and at this point, even the Washington Post is admitting that there is a possibility “that not a single House Republican” will vote for the articles of impeachment…
Congressional Republicans are sticking with their party leader in the face of thousands of pages of evidence showing President Trump leveraged foreign policy for political favors, raising the possibility that not a single House Republican will vote for his impeachment.
Of course, it will only take a simple majority to impeach Trump in the House, and Democrats will be able to do that with no problem, but it appears that the effort to remove Trump will be completely dead when it gets to the Senate.
Yes, things could still change and this is a very fluid situation, but as things stand today it seems that Trump is safe.
So what are the elite going to do if impeachment fails?
They are facing the prospect that Trump could actually win again in 2020, and that would mean that he would remain in the White House until January 2025.
For many among the elite, such a scenario must be avoided at all costs. And the quickest way to get the general public to turn on any president is for the economy to crumble.
This is one of the reasons why some prominent voices on the left have been openly wishing for a recession. For example, just check out what Bill Maher said not too long ago…
“I’ve been saying for about two years that I hope we have a recession and people get mad at me,” said Maher, a multimillionaire who would likely be well insulated from a financial downturn.
“I’m just saying we can survive a recession,” he continued. “We’ve had 47 of them. We’ve had one every time there’s a Republican president! They don’t last forever, You know what lasts forever? Wiping out species!”
Maher is literally wishing for economic pain for more than 300 million Americans just so that another four years of Trump can be avoided.
That is how obsessed some of these radicals are with getting rid of Trump.
And without a doubt, the performance of the economy could be Trump’s Achilles heel. Whenever any piece of good economic news comes out, he eagerly takes credit for it, and he has publicly warned that there will be an economic crash if a Democrat wins in 2020…
President Donald Trump predicted doom if he isn’t re-elected in 2020, saying that the economy would “CRASH” like it did during the Great Depression.
In a tweet Wednesday morning, the president called the crowded field of Democratic challengers “clowns” and compared the prospects of one of them winning to the stock market collapse of 1929.
Even though many Democrats on Wall Street absolutely hate Trump, it is undeniable that they have made out very well while he has been in the White House. In fact, only three presidents have seen the stock market perform better during their first three years in office…
Stock market performance in first three years since Trump’s election, then, ranks fourth among the 14 elected presidents since Herbert Hoover. That’s pretty good! It’s worth noting, though, that there’s not a whole lot separating him from John F. Kennedy, Bill Clinton and George H.W. Bush. A bad week or two, and he could easily fall to eighth place. On the other hand, falling to ninth would take some work, as would catching up to Dwight Eisenhower for third. Put into letter grades, I’d give the market’s performance since Trump’s election a solid B.
But what happens if the stock market crashes and the U.S. economy plunges into a deep recession in 2020?
Well, just as Trump has been getting credit for the good things that have happened in recent years, he would also get the blame if things got really bad.
Of course, that wouldn’t actually be fair, because the truth is that the Federal Reserve actually has far more influence over the performance of the economy and the performance of the stock market than the president does.
But the general public does not understand these things.
When things really start to fall apart, people are going to blame whoever is in the White House, and since Trump was so eager to take credit when things were going good he won’t have any way to avoid the blame when things severely deteriorate.
So would the global elite really resort to “the nuclear option” of crashing the economy in order to prevent Trump from winning the next election?
You never know, but it is entirely possible. Today, debt is the lifeblood of our economy, and if the big banks started to tighten up the flow of credit that would begin to slow down our economy immediately. And as I noted yesterday, we are already starting to see banks deny loans to farmers in the middle of the country on a widespread basis. The tighter that lenders become with their money, the worse that our economy will do, and this is something that we should be watching closely.
The stock market is also a potential flashpoint. Right now, insiders are selling off their stocks “at the fastest pace in two decades”, and valuations are ridiculously inflated. Companies that are losing giant mountains of money every single year are supposedly worth billions of dollars, and the market has been going up for so long that most investors have completely forgotten about 2008. But at some point, this entire charade is going to come crashing down, and it wouldn’t take very much of a “push” to make that happen.
There is an even bigger bubble in the bond market. Today, there is 188 trillion dollars of debt in the global financial system, and those at the very top of the economic food chain control much of that debt. Could it be possible that they would be willing to unleash a bit of chaos in order to achieve their political goals?
I don’t think that the global elite really wants to go through a major crisis, but at this point for many of them just about anything is preferable to four more years of Trump.
We are less than two months away from 2020, and I truly believe that it will be the most chaotic year that any of us have seen in a very long time.
There are a lot of very powerful people that are absolutely determined to keep Trump from winning this upcoming election, and they would be willing to do just about anything in order to make that happen.
About the Author: I am a voice crying out for change in a society that generally seems content to stay asleep. My name is Michael Snyder and I am the publisher of The Economic Collapse Blog, End Of The American Dream and The Most Important News, and the articles that I publish on those sites are republished on dozens of other prominent websites all over the globe. I have written four books that are available on Amazon.com including The Beginning Of The End, Get Prepared Now, and Living A Life That Really Matters. (#CommissionsEarned) By purchasing those books you help to support my work. I always freely and happily allow others to republish my articles on their own websites, but due to government regulations, I need those that republish my articles to include this “About the Author” section with each article. In order to comply with those government regulations, I need to tell you that the controversial opinions in this article are mine alone and do not necessarily reflect the views of the websites where my work is republished. This article may contain opinions on political matters, but it is not intended to promote the candidacy of any particular political candidate. The material contained in this article is for general information purposes only, and readers should consult licensed professionals before making any legal, business, financial or health decisions. Those responding to this article by making comments are solely responsible for their viewpoints, and those viewpoints do not necessarily represent the viewpoints of Michael Snyder or the operators of the websites where my work is republished. I encourage you to follow me on social media on Facebook and Twitter, and anyway that you can share these articles with others is a great help.
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Yes. It may be done any way. But, it won’t matter, he is still going to win.
No more than 20 comments per article and there are even few of them. I remember 300+ when I first started reading here. What happened Mac?
I’d say we live in a banana republic but I don’t want to offend all the banana republicans on this board.
Member when all the fanboys constantly screamed about Obama’s trillion dollar deficits, foreign policy, EOs, and golf?
Now that their King of Israel has done all of the same things, all you hear is crickets. All they got left is calling Obama a gay and his wife a tranny and “At least it’s not Hillary”.
Stupid sheep think there is a difference between left and right.
There’s a difference between “leftright” and Hillary.
Shit there’s a difference between Pol Pot and Hillary. Guy looks like a choir boy compared to her.
Silly little muzzy the left is the only reason you’re still in the country. Don’t worry times running out for your kind.
Money grubbers dont crash economies.
Oh sure Wall Street might have the occasional hissy fit but white collar thievery is their cocaine.
Well that and cocaine is their cocaine.
The formal economy is sinecures and stipends, with no productivity or competition.
We hear, every day, how jobs numbers for our replacements have never been better.
Whose Communism would be redder.
A CRASH is much more likely with Demonrats running the Federal Government. TAXES through the roof – snowflakes don’t think the mega wealthy folks can move. REDISTRIBUTION of wealth from those that produce to those that do not – ever hear of a DISINCENTIVE to work? DEMONRAT IGNORANCE of how to pay for anything – the dim bulbs do not even consider that part of the transaction.
I know some badly spoiled electric company employees.
One basically admits that he is told what to buy, and where. That’s all. He passes it along.
This gets you into the mcmansion with bigger pool, many new vehicles, and all the other perks.
So, who is to say whether ‘elite’ money interests have free agency, to invest wherever. Maybe, they are just that passive.
Who is to say whether they have read fear porn or became apprehensive. Maybe, they are perfectly ignorant, in order to keep this job.
If they have right to do any research, in and of themselves, unlike sequestered jurors, unlike the anti-intellectual atmosphere, why wouldn’t they look for opportunities, which are legally guaranteed, seeing as how they are too-big-to-fail. They should be looking for their unconditional right, to succeed without competition, for what is insured or subsidized, heavily, assuming that they do anything at all, besides just press buttons.
Yeah and all that dirt from the Epstein thing is going to be like two hard core drug users trying to fight in court over child custody.
Why do you think it’s just never being brought up again?
I will vote for Trump whether the economy crashes or not, democrats are communists and I will NEVER vote for any of them.
“We (the bankers) must proceed with caution and guard every move made, for the lower order of people are already showing signs of restless commotion. Prudence will therefore show a policy of apparently yielding to the popular will until our plans are so far consummated that we can declare our designs without fear of any organized resistance.
The Farmers Alliance and Knights of Labor organizations in the United States should be carefully watched by our trusted men, and we must take immediate steps to control these organizations in our interest or disrupt them.
At the coming Omaha Convention to be held July 4, 1892, our men must attend and direct its movement or else there will be set on foot such antagonism to our designs as may require force to overcome. This at the present time would be premature. We are not yet ready for such a crisis. Capital must protect itself in every possible manner through combination (conspiracy) and legislation.
The courts must be called to our aid, debts must be collected, bonds and mortgages foreclosed as rapidly as possible.
When, through the process of law, the common people have lost their homes, they will be more tractable and easily governed through the influence of the strong arm of the government applied to a central power of imperial wealth under the control of the leading financiers. People without homes will not quarrel with their leaders.
History repeats itself in regular cycles. This truth is well known among our principal men who are engaged in forming an imperialism of the world. While they are doing this, the people must be kept in a state of political antagonism.
The question of tariff reform must be urged through the organization known as the Democratic Party, and the question of protection with the reciprocity must be forced to view through the Republican Party.
By thus dividing voters, we can get them to expend their energies in fighting over questions of no importance to us, except as teachers to the common herd. Thus, by discrete actions, we can secure all that has been so generously planned and successfully accomplished.”
Congressman Charles A. Lindbergh, Sr. revealed the Bankers Manifesto of 1892 to the U.S. Congress sometime between 1907 and 1917.
It no longer matters who actually wrote the manifesto – it is significant only in that it reveals a mode of thinking we all need to guard against.
A LANDMARK DECISION
THE DALY EAGLE
3368 GOVERNOR DR. #186
SAN DIEGO, CA 92122
619-458-5984FEBRUARY 7, 1969
IN THIS ISSUE: “A LANDMARK DECISION”A MINNESOTA TRIAL COURT’S DECISION HOLDING THE FEDERAL RESERVE ACT UNCONSTITUTIONAL AND VOID; HOLDING THE NATIONAL BANKING ACT UNCONSTITUTIONAL AND VOID; DECLARING A MORTGAGE ACQUIRED BY THE FIRST NATIONAL BANK OF MONTGOMERY, MINNESOTA IN THE REGULAR COURSE OF ITS BUSINESS, ALONG WITH THE FORECLOSURE AND THE SHERIFF’S SALE TO BE VOID.
THIS DECISION, WHICH IS LEGALLY SOUND, HAS THE EFFECT OF DECLARING ALL PRIVATE MORTGAGES ON REAL AND PERSONAL PROPERTY, AND ALL U.S. AND STATE BONDS HELD BY THE FEDERAL RESERVE, NATIONAL AND STATE BANKS TO BE NULL AND VOID. THISAMOUNTS TO AN EMANICPATION OF THIS NATION FROM PERSONAL, NATIONAL AND STATE DEBT PURPORTEDLY OWED TO THIS BANKING SYSTEM. EVERY AMERICAN OWES IT TO HIMSELF, HIS COUNTRY, AND TO THE PEOPLE OF THE WORLD FOR THAT MATTER TO STUDY THIS DECISION VERY CAREFULLY AND TO UNDERSTAND IT, FOR UPON IT HANGS THE QUESTION OF FREEDOM OR SLAVERY.
A PATRIOTIC PUBLICATION, EDITED AND ISSUED BY JEROME DALY, 28 EAST MINNESOTA STREET, SAVAGE, MINNESOTA.Patrick Henry’s advice on the cold war….
They tell us, Sir, that we are weak – unable to cope with so formidable an adversary. But when shall we be stronger? Will it be the next week, or the next year? Will it be when we are totally disarmed?…
Shall we gather strength by irresolution and inaction? Shall we acquire the means of effectual resistance by lying supinely on our backs, and hugging the delusive phantom of hope, until our enemies shall have bound us hand and foot?…
Sir, we shall not fight our battles alone. There is a just God who presides over the destinies of Nations… This battle, Sir, is not to the strong alone; it is to the vigilant, the active, the brave … There is no retreat but in submission and slavery! Our chains are forged!…
Gentlemen may cry, Peace, Peace! – but there is no peace. The war is actually begun! … Why stand we here idle? What is it that Gentlemen wish? What would they have? Is life so dear, or peace so sweet, as to be purchased as the price of chains and slavery? Forbid it, Almighty God! I know not what course others may take; but as for me, give me liberty or give me death!
HOUSE OF BURGESS, VIRGINIA
3368 Governor Dr., #186
San Diego, CA 92122
FAX 619/792-6706THE “CREDIT RIVER DECISION” HANDED DOWN BY A JURY OF 12 ON A COLD DAY IN DECEMBER, IN THE CREDIT RIVER TOWNSHIP HALL, WAS AN EXPERIENCE THAT I’LL NEVER FORGET.
CHIEF JUSTICE OF THE MINNESOTA SUPREME COURT HAD PHONED ME A WEEK BEFORE THE TRIAL AND ASKED ME IF I WOULD BE AN ASSOCIATE JUSTICE OF THE PEACE, ASSISTING JUSTICE OF THE PEACE, MARTIN V. MAHONEY SINCE HE HAD NEVER HANDLED A JURY TRIAL BEFORE. I ACCEPTED, AND IT TOOK ME TWO HOURS TO GET MY CAR RUNNING IN THE 22 BELOW ZERO WEATHER.
I GOT TO THE COURT ROOM ABOUT 30 MINUTES BEFORE TRIAL, AND HELPED GET THE WOOD STOVE GOING, SINCE THE TRIAL WAS BEING HELD IN AN UNHEATED STORE ROOM OF A GENERAL STORE. THIS WAS THE FIRST TIME I MET JUSTICE MAHONEY AND I WAS IMPRESSED WITH HIS NO NONSENSE MANNER OF HANDLING MATTERS BEFORE HIM. MY JOB WAS TO HELP PICK THE JURY, AND TO KEEP JEROME DALY, AND THE ATTORNEY REPRESENTING THE BANK OF MONTGOMERY FROM ENGAGING IN A FIST FIGHT. THE COURT ROOM WAS HIGHLY CHARGED, AND THE JURY WAS ALL BUSINESS.
THE BANKER TESTIFIED ABOUT THE MORTGAGE LOAN GIVEN TO JEROME DALY, BUT THEN DALY CROSS EXAMINED THE BANKER ABOUT THE CREATING OF MONEY “OUT OF THIN AIR”, AND THE BANKER ADMITTED THAT THIS WAS STANDARD BANKING PRACTICE.
WHEN JUSTICE MAHONEY HEARD THE BANKER TESTIFY THAT HE COULD “CREATE MONEY OUT OF THIN AIR”, MAHONEY SAID, “IT SOUNDS LIKE FRAUD TO ME.” I LOOKED AT THE FACES OF THE JURORS AND THEY ALL WERE AGREEING WITH MAHONEY, BY SHAKING THEIR HEADS AND BY THE LOOKS ON THEIR FACES.
I MUST ADMIT THAT UP UNTIL THAT POINT, I REALLY DIDN’T BELIEVE JEROME’S THEORY, AND THOUGHT HE WAS MAKING THIS UP. AFTER I HEARD THE TESTIMONY OF THE BANKER, MY MOUTH HAD DROPPED OPEN IN SHOCK, AND I WAS IN COMPLETE DISBELIEF. THERE WAS NO DOUBT IN MY MIND THAT THE JURY WOULD FIND FOR DALY.
JEROME DALY HAD TAKEN ON THE BANKS, THE FEDERAL RESERVE BANKING SYSTEM, AND THE MONEY LENDERS, AND HAD WON.
IT’S NOW TWENTY EIGHT YEARS, SINCE THIS “LANDMARK DECISION”, AND JUSTICE MAHONEY IS QUOTED MORE OFTEN THAN ANY SUPREME COURT JUSTICE EVER WAS. THE MONEY BOYS THAT RUN THE “PRIVATE FEDERAL RESERVE BANK”, SOON GOT BACK AT MAHONEY BY POISONING HIM IN JUNE OF 1969, LESS THAN 6 MONTHS LATER.
BOTH JEROME DALY, AND MARTIN V. MAHONEY, JUSTICE OF THE PEACE, ARE TRULY THE “GREATEST MEN THAT I’VE EVER HAD THE PLEASURE TO MEET. ” THE “CREDIT RIVER DECISION”, WAS AND STILL IS THE MOST IMPORTANT LEGAL DECISION EVER DECIDED BY A JURY.
IN JUSTICE COURT
STATE OF MINNESOTA
COUNTY OF SCOTT
TOWNSHIP OF CREDIT RIVER
JUSTICE MARTIN V. MAHONEY
First National Bank of Montgomery,
JUDGMENT AND DECREED The above entitled action came on before the Court and a Jury of 12 on December 7, 1968 at 10:00 am. Plaintiff appeared by its President Lawrence V. Morgan and was represented by its Counsel R. Mellby. Defendant appeared on his own behalf.
A Jury of Talesmen were called, impaneled and sworn to try the issues in the Case. Lawrence V. Morgan was the only witness called for Plaintiff and Defendant testified as the only witness in his own behalf.
Plaintiff brought this as a Common Law action for the recovery of the possession of Lot 19 Fairview Beach, Scott County, Minn. Plaintiff claimed title to the Real Property in question by foreclosure of a Note and Mortgage Deed dated May 8, 1964 which Plaintiff claimed was in default at the time foreclosure proceedings were started.
Defendant appeared and answered that the Plaintiff created the money and credit upon its own books by bookkeeping entry as the consideration for the Note and Mortgage of May 8, 1964 and alleged failure of the consideration for the Mortgage Deed and alleged that the Sheriff’s sale passed no title to plaintiff.
The issues tried to the Jury were whether there was a lawful consideration and whether Defendant had waived his rights to complain about the consideration having paid on the Note for almost 3 years.
Mr. Morgan admitted that all of the money or credit which was used as a consideration was created upon their books, that this was standard banking practice exercised by their bank in combination with the Federal Reserve Bank of Minneapolis, another private Bank, further that he knew of no United States Statute or Law that gave the Plaintiff the authority to do this. Plaintiff further claimed that Defendant by using the ledger book created credit and by paying on the Note and Mortgage waived any right to complain about the Consideration and that the Defendant was estopped from doing so.
At 12:15 on December 7, 1968 the Jury returned a unanimous verdict for the Defendant.
Now therefore, by virtue of the authority vested in pursuant to the Declaration of Independence, the Northwest Ordinance of 1787, the Constitution of United States and the Constitution and the laws of the State of Minnesota not inconsistent therewith ;
IT IS HEREBY ORDERED, ADJUDGED AND DECREED:
1.That the Plaintiff is not entitled to recover the possession of Lot 19, Fairview Beach, Scott County, Minnesota according to the Plat thereof on file in the Register of Deeds office.
2.That because of failure of a lawful consideration the Note and Mortgage dated May 8, 1964 are null and void.
3.That the Sheriff’s sale of the above described premises held on June 26, 1967 is null and void, of no effect.
4.That the Plaintiff has no right title or interest in said premises or lien thereon as is above described.
5.That any provision in the Minnesota Constitution and any Minnesota Statute binding the jurisdiction of this Court is repugnant to the Constitution of the united States and to the Bill of Rights of the Minnesota Constitution and is null and void and that this Court has jurisdiction to render complete Justice in this Cause.
6.That the Defendant is awarded costs in the sum of $75.00 and excecution is hereby issued therefore.
7.A 10 day stay is granted.
8. The following memorandum and any supplementary memorandum made and filed by this Court in support of this Judgment is hereby made a part hereof by reference.
BY THE COURT
Dated December 9, 1968 MARTIN V. MAHONEY
Justice of the Peace
Credit River Township
Scott County, MinnesotaMEMORANDUM
The issues in this case were simple. There was no material dispute of the facts for the Jury to resolve.
Plaintiff admitted that it, in combination with the federal Reserve Bank of Minneapolis, which are for all practical purposes, because of their interlocking activity and practices, and both being Banking Institutions Incorporated under the Laws of the United States, are in the Law to be treated as one and the same Bank, did create the entire $14,000.00 in money or credit upon its own books by bookkeeping entry. That this was the Consideration used to support the Note dated May 8, 1964 and the Mortgage of the same date. The money and credit first came existence when they created it. Mr. Morgan admitted that no United States Law Statute existed which gave him the right to do this. A lawful consideration must exist and tendered to support the Note. See Ansheuser-Busch Brewing Company v. Emma Mason, 44 Minn. 318, 46 N.W. 558. The Jury found that there was no consideration and I agree. Only God can create something of value out of nothing.
Even if Defendant could be charged with waiver or estoppel as a matter of Lawthis is no defense to the Plaintiff. The Law leaves wrongdoers where it finds them. See sections 50, 51 and 52 of Am Jur 2nd “Actions” on page 584 – “no action will lie to recover on a claim based upon, or in any manner depending upon, a fraudulent, illegal, or immoral transaction or contract to which Plaintiff was a party.
Plaintiff’s act of creating credit is not authorized by the Constitution and Laws of the United States, is unconstitutional and void, and is not a lawful consideration in the eyes of the Law to support any thing or upon which any lawful right can be built.
Nothing in the Constitution of the United States limits the jurisdiction of this Court, which is one of original Jurisdiction with right of trial by Jury guaranteed. This is a Common Law action. Minnesota cannot limit or impair the power of this Court to render Complete Justice between the parties. Any provisions in the Constitution and laws of Minnesota which attempt to do so is repugnant to the Constitution of the United States and void. No question as to the Jurisdiction of this Court was raised by either party at the trial. Both parties were given complete liberty to submit any and all facts to the Jury, at least in so far as they saw fit.
No complaint was made by Plaintiff that Plaintiff did not receive a fair trial. From the admissions made by Mr. Morgan the path of duty was direct and clear for the Jury. Their Verdict could not reasonably been otherwise. Justice was rendered completely and without denial, promptly and without delay, freely and without purchase, conformable to the laws in this Court of December 7, 1968.
BY THE COURT
December 9, 1968MARTIN V. MAHONEY
Justice of the Peace
Credit River Township
Scott County, Minnesota.Note: It has never been doubted that a Note given on a Consideration which is prohibited by law is void. It has been determined, independent of Acts of Congress, that sailing under the license of an enemy is illegal. The emission of Bills of Credit upon the books of these private Corporations for the purpose of private gain is not warranted by the Constitution of the United States and is unlawful. See Craig v. Mo. 4 Peters Reports 912. This Court can tread only that path which is marked out by duty. M.V.M.
FORWARD: The above Judgment was entered by the Court on Decemebr 9, 1968. The issue there was simple – Nothing is the law gave the Banks the right to create money on their books. The Bank filed a Notice of Appeal within 10 days. The Appeals statutes must be strictly followed, otherwise the District Court does not acquire Jurisdiction upon Appeal. To effect the Appeal the Bank had to deposit $2.00 with the Clerk within 10 days for payment to the Justice of the Peace when he made his return to the District Court. The Bank deposited two $1.00 Federal Reserve Notes. The Justice refused the Notes and refused to allow the Appeal upon the grounds that the Notes were unlawful and void for any purpose. The Decision is addressed to the legality of these Notes and the Federal Reserve System. The Cases of Edwards v. Kearnzey and Craig vs Missouriset out in the decision should be studied very carefully as they bear on the inviolability of Contracts. This is the Crux of the whole issue. Jerome Daly.