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We've really gotten off track as a country. First it was the GSE's, then American citizens, now Europe. Does leadership in Washington really think they can get away with this? This is way beyond embarrassing. It's next level.
U.S. CONTINUES TO BUILD MILITARY PRESENCE IN EUROPE - BECAUSE EUROPE MUST BE KILLED
WORLD HAL TURNER 03 OCTOBER 2022
A decision was made inside the United States last year to "kill off the competition" and as a result, Europe must be industrially killed. War was the means chosen; Ukraine is the theater in which it is to take place.
Today, 12 US Air Force F-15E Strike Eagle fighter-bombers, as seen in a file photo above, are expected to arrive in the UK.
In total, there are already fifty (50) F-35s:
and the same number of F-15s of multi-role modifications on the territory of European countries.
For months, the world has watched as the U.S. and its NATO vassals, take deliberate steps to engage Russia in direct war. Russia has not taken the bait . . . yet.
The reasoning behind the militant actions of the U.S. and NATO escaped most folks. Sure, the whole "protect democracy" nonsense has been spewed endlessly and the dupes in the general public believe that, but slaughtering hundreds of thousands of people through war is never a good option.
So what is the __real__reason for the whole blow-up?
Well, Ukraine has a well-earned reputation for being the most corrupt nation in Europe and likely, the world. Politicians launder "foreign aid" money through Ukraine, then filter it back to their own pockets through non-governmental organizations and then into shell corporations they control. So that's a reason the powers-that-be want to keep Ukraine in existence; it feeds their cash.
Child sex trafficking is another reason. Ukraine is a literal hub for kidnapped children being forced into the sex trade for deviant, degenerate, perverts that infest the so-called "elite." The upper classes of society have become so evil, so filthy, that rich perverts enjoy sexing children. So that's another reason the rich and powerful want Ukraine in existence.
Cocaine and Heroin trafficking throughout Europe and into the USA is very lucrative and Ukraine is so saturated with illicit drugs that even their President has a reputation for being a coke-head. So that's another reason the rich and powerful want Ukraine around.
But while these activities and the cash they generate are sizeable, something much, much, bigger had to be in the works.
I have found out what that "something" is.
Europe Must Be Killed
The real goals of the US in Ukraine are the destruction of Europe and its economic leader: Germany.
Why?
Let's describe the world situation at the beginning of 2022 (immediately note that I give inaccurate figures to do justice to MMI and @Spydell_finance, but the approximate figures do not affect the disposition itself or the conclusions):
China: GDP: $16.9 trillion. Industrial sector ~30.5%, or $ 5.1 trillion. Export economy 15.3% with an export degree of 1.35 (easily interchangeable, technologically not advanced, but massively price-elastic, requires low profit margins of producers and not expensive labor, as well as agglomeration of producers).
Germany: GDP $4.2 trillion USD. Industrial sector ~27-30%, or $ 1.1-1.3 trillion. 35% with the world's highest export ratio of 2.07 (only Japan has an even higher ratio of 2.49). That is, exports are irreplaceable, technologically complex and therefore VERY HIGH MARGINS)
The EU as a whole. GDP 17 trillion USD (suddenly !!! more than China, or at least the same amount). Industrial sector ~25%, or $4.1 trillion. (suddenly a little less than China). Only this branch of industry, as already written above, is a high-tech sector, that is, a marginal area that allows rapid positive capital growth.
US. GDP $22.9 trillion USD. However, the industrial sector accounts for only 18%, or $ 4.1 trillion. (Suddenly less than China and just as much as the EU)!!! And the financial sector is over 20%, as is the entire service sector with 77% of the economy. But even this industrial sector accounts for only 7.7% of exports and has an export development index (ECI) of only 1.57 (just like China).
To go back to the beginning of the year, the accumulated imbalances in Quantitative Easing (QE) by the federal reserve are accelerating inflation and could bury the entire dollar system.
The end of QE and the beginning of the Fed's balance sheet reduction would guarantee the collapse of the services sector, the near-death of the financial sector and a large part of venture capital IT as zombie companies with negative revenue margins or without cache flow.
In order to survive, the United States urgently need to develop the real economy, i.e. industry.
However, since the world has become global, no new markets are foreseen. The system cannot conquer Mars and then sell to Martians, so therefore it will have to grow on intensive investments, which means negative capital work. Since aggregated venture capital investments on intensive investments do not pay off, which has been obvious since 2009, the U.S. is staring at an economic dead end.
So what to do?
Kill the competition.
To get more industry, the US has to get it from somewhere it already exists. Let's look at each possible candidate for the US to grab industry:
Option 1: China. But, firstly, China is a subject (sovereign), secondly, the Chinese and US economies are too intertwined, and thirdly, the development of an industry comparable to China means low profit margins, long payback periods and falling personal incomes. And a decrease in personal income is a revolution in the USA. The option is not suitable.
Option 2: EU. Fits perfectly, no subjectivity and high margin business.
However, the business is so profitable because it is very technological, i.e. it has a high and long entry threshold. It takes decades of development, thousands of patents and the construction of a team of specialists.
But the patents, specialists and companies do not belong to the EU.
The US has to force these companies in their entirety to move to the USA, just as, for example, low-margin production migrated to China in the 90s.
To do this, you need to create unbearable conditions for the economy: war, hunger and cold.
News 1: German industrial production fell by 1.8% in the first 8 months of 2022 due to sanctions against Russia, and the German chemical-pharmaceutical sector (high gas dependence) recorded a decrease of 10.7%.
News 3: Explosion at branches of Nord Stream 1 and 2.
To those watching closely, all these things are links in a single chain of events: The EU must be destroyed. At any cost.
It doesn't matter how many people get killed, there's $4+ TRILLION dollars a year (of real industry) at stake.
It doesn't matter how many cities or even countries get wiped out, there's $4 TRILLION dollars a year (of real industry) at stake.
People will breed, so they can replace whatever war dead take place. Cities and countries can be rebuilt. But the $4 TRILLION a year (of real industry) absolutely, positively, must -- and will -- come to the US.
Period. Full stop.
This war is about money. $4 TRILLION a year in real industry. Anyone who gets in the way of that will be steamrolled.
"Power tends to corrupt and absolute power corrupts absolutely. Great men are almost always bad men, even when they exercise influence and not authority; still more when you superadd the tendency of the certainty of corruption by authority."
- Lord John Emerich Edward Dahlberg Acton (1834-1902)
"Goons" does not adequately describe these scheisters. They make "evil" hedge funds look like saints. It is the job of our attorney's to unveil this reality to the Jurors.
Death spiral talk started at the high in the 4s a few years ago. This talk was shorts coming in to invent receivership stories and par galore. Nowaynohow as Larry B used to say. Lol.
Surely Lamberth sees the consequences of all this if we don't get the right ruling. You'd have to be blind not to see it. The whole world is taking notice. Militaries around the globe will not stand for it.
Thanks for that link. Now, if just one judge or jurist has the fortitude to follow the law, this c-ship (nws) could be voided and all monies returned to the GSEs…
As the higher court said, it will not be an easy job to unscramble the egg, but it must be done to fix this problem.
I wouldn't sweat about thinking on getting awarded any substantial damages. not because it can't happen (I hope it does happen); but a win (no matter if big or small) will be one for the books to start undoing the conservatorship and get rid of the warrants making them illegal in the first place.
The plaintiff lawyers are dumb. I would be surprised if class plaintiffs win and if they do win whether it will be anything substantial at all. Their damages theory that they presented was totally off base and wrongly calculated. I guess that is why they hired another lawyer but it might be too late for this.
1. So what do you think the remedy will be for lost-value theory?
2. How will it be quantified if not per the share price despite it being an "underestimate"? Just because it is an underestimate doesn't mean it will not be used.
as it is clear that plaintiffs’ expert considered the drop in stock price an underestimate of the harm plaintiffs suffered rather than a non-harm entirely.
Does not offer up any other quantifiable damage model. Are you saying 6% penalty + quantifiable (if any) drop in price immediately pre and post nws?
3. I am not clear why you think the DC statute § 28–3302 applies.
some folks started following GSE days before the top in 2016, i mean freshly created at that exact time to start their show. amazing aint it, the genuine focus on the GSEs has lasted for years.
It gets much worse than that when you consider the GSE's were a well planned and thought out heist. Also consider the mass infiltration of banking execs into key Gov positions. Then consider the following article.
The Honorable Judge Thapar wrote a brilliant dissent. I knew he would make the right call, unfortunately the other 2 dimwit judges have no clue about the history of this country or of the historical separation of powers documents..
I hope Plaintiffs appeal this very important issue because if the majority opinion stands there is no need for congress to advise and consent on any nominee anymore.
Honorable Judge Thapar and Gorsuch are the only 2 honorable Judges I have seen.
The Governments near perfect plan to wipeout shareholders!
Did the Government bring these cases to court and make it look favorable for court rulings for the government? It would be the perfect plan to wipe out shareholders from ever seeing there lost income and dividends.
Bring these suits to court make a hash job of them only to have the courts rule in favor of the Government.
Seems so with Colin’s opinion? SCOTUS pointed out to David Thompson, You brought the wrong case to court !!
So SCOTUS ruled in FA out of the Government on many issues in the suits and never be allowed to challenge again!
I’m going to put this out there as to what I feel has been happening over the last 10 years and with Collins opinion!
Did the Government instruct David Thompson to sabotage the ruling ? All cases so far have not fared well for shareholders, has this being the plan all along by the government, to bring these cases and have the courts rule in favor of the government so no one in the future can challenge anything!!!!
Since SCOTUS told him in court : you brought the wrong case to court !!!
Has the Government along with hedge funds been trying to cut out shareholders so they can make a deal with the Government for the GSE? Would make perfect sense since they are greedy as the government!
With David Hume turning up the heat with this class action I feel he is representing a group of shareholders for damages.
Lamberth denied SJ to the plaintiffs on the first two counts (trying to kill the case due to the Supreme Court's Collins ruling). He granted it on the fourth count (restitution/recission damages), and partially granted it on the third count (expectancy damages).
Any damage model that the plaintiffs get to present at trial will not be able to make the assumption that FnF would have paid off the seniors. There's too much to quote here, but the relevant section (i) starts on page 16.
It's not clear what damage model remains. One plausible model is to say that the plaintiffs' reasonable expectation was that shares would, at some point in the (probably distant) future, return to where they traded before conservatorship started. That value, calculated as of 2028-2030 or so (when FnF would have reached their base 2.5% capital requirements, even with the seniors on the books, had the NWS never happened) can be discounted back to 2012 when the NWS was signed, and then brought forward to 2022 with the statutory 6% interest rate in Section 28-3302(a) of the Code of the District of Columbia.
I think the plaintiffs can make a strong case for par+ for the juniors using this model, and around $12 per share for FMCC (~$60 pre-conservatorship divided by 5 for the warrants). The plaintiffs are almost certainly not going to get more than they ask for from the jury, and can easily get less, so it's important that they ask for as much as they can plausibly support.
The last part of page 21 of Lamberth's opinion released today supports the idea that the plaintiffs did include a damage model that was based only on lost share value, as opposed to lost dividend value. This would be good in that it wouldn't delay the trial (which Lamberth said is set for October), but could be bad in that the plaintiffs didn't include it in their pretrial statement and so it must somehow be worse than the ones they did include.
The only damages theory is the "lost value theory"
How to quantify that?
Review my posts. As I have been saying for years. My analysis has been spot on.
At a very modest 1% interest rate (discount bank rate) that's a whopping $310 BILLION interest payment per year on the debt alone which doesn't include principal. Roughly $1 BILLION per day. National debt in dollars laid end to end would reach from here to Pluto.
Each time the printing presses are fired up, the dollar gets diluted, driving inflation, currently 8.5% annually, preceded by 9.1%. Turkey and Argentina are running at 80% and 78% respectively. Other countries are not that much further behind.
USG just passed a spending bill to keep Gov operational for the next 2.5 months, averting yet another shutdown. You read that right, just 2.5 months. Recall the series of Gov shutdowns leading up to the GSE heist. Afterward, Gov shutdowns miraculously disappeared. Why?
Debt isn't a problem? Surely you jest.
Rodney 5
955, Kindly, let me try to explain why I stated the problem is not the gov debt, that is not the reason the gov took over Fannie Mae / Freddie Mac.
Please note below, " Federal Reserve not only creates money out of nothing but also controls the value of the money that's created."
Money creation can affect the gov debt and the debt can easily be inflated away.
Best Regards
Below is a writing I wrote several years ago trying to explain the difference between a ‘Federal Reserve Note’ and a ‘United States Note’... What most Americans do not understand is that our United States Treasury has stopped creating our money and this power to create money has been given to a private corporation and the name of this corporation is the “Federal Reserve” and it is owned by private shareholders...
What most Americans do not know. It's not that most Americans can't know it's the simple fact that most have not taken the time to know... The difference between a United States Note and a Federal Reserve Note is that a United States Note represented a "bill of credit" and was inserted by the Treasury directly into circulation free of interest. In other words, a United States Note was created by the United States Treasury. The United States Note also known as “greenbacks” ended in 1971.
The Federal Reserve Note is created by the Federal Reserve and upon creation the Federal Reserve makes a profit of 6% as defined as a statutory dividend. In other words, instead of the United States Treasury creating the money supply at no cost to the United States Taxpayer the Federal Reserve is creating the money supply and charging the United States Taxpayer 6% on money creation.
What most Americans do not understand is that the Federal Reserve is not the United States Government. The Federal Reserve is a corporation owned by private stockholders which are international bankers. What's deceptive in giving an appearance of impression different from the true one is the wording “Federal,” Certain words and phrases can be misleading. Example: Federal Express (Fed Ex) The word “Federal” in the business model of Federal Express has nothing to do with the Federal Government.
Now how would you like to own a business where you could create money out of nothing and receive a 6% dividend? And what's amazing the Federal Reserve not only creates money out of nothing but also controls the value of the money that's created. (Value: purchasing power). And the poor ole American worker is caught in this system of payment (Federal Reserve Note) which is being devalued by a minimum of 2% per year. (2% Fed target rate of inflation).
On average the American worker gives 40 hours of his or her life every week to receive the U.S Dollar as compensation. Think about that for a moment. On average 40 hours of your Blood, Sweat, and Tears to receive compensation paid in the amount of U.S. Dollars and at minimum the U.S. Dollar is being devalued at a rate of 2% per year. This calculates the U.S Dollar will lose 20% of its purchasing power in a 10-year period of time! THIS IS ALARMING.
Former Fed Chairman Alan Greenspan made the statements.
Quotes: “In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.” …
“The Fed is a Privately Held Agency; Completely Independent of U.S. Government-no other agency of government can overrule its actions.”
The debt crisis is global. The Central Banks are the problem as they control it all. They want to push the world to digital currency where they can have total control/surveillance/manipulation over the populace. Fairness, stability and general well being of humanity are the last things on their minds. The financial system is in the process of being weaponized, not that it hasn't been somewhat already.
Check out Greg Mannarino, the Robinhood of Wall Street.
insofar as a genuine dispute of material fact remains on the fact of harm on the theory that plaintiff s’ shares lost of much of their value, and in all other respects
The question is how to measure the shares loss of value. If it is based on share price from 2012 then you see why the stock price is falling.
There will be no large monetary verdict unless there is some other way to quantify loss of value.
The judicial system appears to still be aligned to the party that came up with the 3rd amendment sweep and the party that wants to keep them in c-ship.
“He wants revenge for the Gov lying to him in his court room..”
It’s sounding more like that everyday! Hence why I believe Judge Lambert has ruled in summary judgment the way he did . He wants revenge for the Gov lying to him in his court room and to make the judgment by trail Iron Clad so making it very hard for Gov to appeal.
If this is 1 of only 1 option at the moment for loss damages then so be it but it’s going to have to have some sort of $$$ attached to show how much shareholders lost
RATS leaving the sinking ship. All designed, pre-planned and intentional, BTW. 2008 WAS the wake-up call. Nobody listened. Too little too late? Sure seems like it. Doesn't take a rocket scientist to have seen all this, just a half awake casual observer. F&F shareholders were blessed to have had a special ring-side seat to all of this.
Given that any chance of a payout for damages resulting in lost dividends is now $0, or is it???. One must ask about price damages pre August 2012, the performance of both JPS and commons with some $285 billion given to the Gov.
So do JPS just get 100% par? + 10 years of loss dividends based on the legal contract they hold with the GSE?
Do commons also hold the same?
One could argue that the share price has suffered because of lost dividends!!! There BIG damages there!!!
I say treble damages. Call it 600B even. Maybe Civi cases for pain and suffering and lying for 14 years. How about 10mil per shareholder? I want it to be so painful they won’t do it to anyone again.
I remember some dope saying it was only a couple bucks per share loss or some insanely small amount He must be government employee.
Most negativity towards commons is more illegal activity. Which seems to not apply to preferred owners. They think par and divs is only thing. From other board:
Mr. Howard said Quote: "First, Treasury and FHFA must agree to cancel the net worth sweep, and eliminate Treasury’s liquidation preference. Fannie and Freddie already have repaid their senior preferred stock, with 10 percent interest. And Treasury should not require that the companies’ senior preferred be converted to common. To do so would be to require them to repay their indebtedness to Treasury twice, which is unjustifiable, and blatantly unfair. Without the senior preferred, Fannie and Freddie’s combined March 31, 2022 capital shortfall of $441 billion would be cut to $248 billion, or by 44 percent." End of Quote.
If the Treasury required the companies to convert the senior preferred to common stock the contract would have to be voided the way it is written.
FOURTH AMENDED AND RESTATED CERTIFICATE OF DESIGNATION OF TERMS OF VARIABLE LIQUIDATION PREFERENCE SENIOR PREFERRED STOCK, SERIES 2008-2
FACT: The Senior Preferred Stock cannot be converted to common stock. No 6 and No 7
Quote “No Conversion or Exchange Rights
The holders of shares of the Senior Preferred Stock shall not have any right to convert such shares into or exchange such shares for any other class or series of stock or obligations of the Company.
No Preemptive Rights
No holder of the Senior Preferred Stock shall as such holder have any preemptive right to purchase or subscribe for any other shares, rights, options or other securities of any class of the Company which at any time may be sold or offered for sale by the Company.” End of Quote
Current Market valuations are 28 PE ratio on average, much higher than anyone calculating PEs for GSEs, double some calcs at 14. even conservatively it could be $50 with dilution. When earnings get weaker this fall, and they will, GSEs can make out better than anytime in the next 2 years.
IF we can get the Treasuries grubby hands off the GSEs and end conserve with conditions that satisfy congressional criticism, all systems go. But we first have to get Congress to be incapable of stealing money for pet projects, which current court cases can and may take care of. that puts and end to rubbernecks abuse.
Hearing rumblings US may default on its debt come 30 Sept. Two week extension puts us at 14 Oct. Things will get pretty dicey if that happens. Apparently the BILLIONS sent to Ukraine was higher priority. Heard ole Joe was on the phone with Xi Jinping pleading for mercy. GLWT! Likely to have impact on damage awards, if any, IMO. The timing is just too incredible.
Original intent for relationship between rulers and the people and how it got corrupted:
* * * For those readers who are more religiously minded, you might ask, What does the Bible say about the proper role between rulers and the people? You might be surprised to learn that one of the earliest books of the Bible, the Book of Samuel, takes a very dim view of rulers, especially kings. The Book of Samuel takes place after the Jews have fled Egypt in the Exodus and reestablished themselves in Israel. At this time, Israel had no king but instead had judges who would settle issues brought before them. This period was known as the Age of Judges and lasted about a century. In his old age Samuel appointed his sons judges over Israel. His first-born was named Joel, his second son, Abijah; they judged at Beer-sheba. His sons did not follow his example but sought illicit gain and accepted bribes, perverting justice. Therefore, all the elders of Israel came in a body to Samuel at Ramah and said to him, “Now that you are old, and your sons do not follow your example, appoint a king over us, as other nations have, to judge us.” Samuel was displeased when they asked for a king to judge them. He prayed to the Lord, however, who said in answer, “Grant the people’s every request. It is not you they reject, they are rejecting me as their king. As they have treated me constantly from the day I brought them from Egypt to this day, deserting me and worshipping strange gods, so do they treat you too. Now grant their request; but at the same time, warn them solemnly and inform them of the rights of the king who will rule over them.”
Samuel delivered the message of the Lord in full to those who were asking him for a king. He told them: “The rights of the king who will rule you will be as follows: He will take your sons and assign them to his chariots and horses, and they will run before his chariot. He will also appoint from among them his commanders of groups of a thousand and of a hundred soldiers. He will set them to do his plowing and harvesting, and to make his implements of war and the equipment of his chariots.
“He will use your daughters as ointment-makers, as cooks, and as bakers. He will take the best of your fields, vineyards, and olive groves, and give them to his officials. He will tithe your crops and your vineyards, and give the revenue to his eunuchs and his slaves. He will take your male and female servants, as well as your best oxen and asses, and use them to do his work. He will tithe your flocks and you yourselves will become his slaves. When this takes place, you will complain against the king whom you have chosen, but on that day the Lord will not answer you.” 1
A person might be forgiven if he comes to the conclusion that God was the original insurrectionist. However, the correct interpretation is that God was suspicious from the beginning that having a king, or any ruler, was a good idea. His preference was that the people kept Him in their hearts, and thus would not need any rulers. When one uses the frame of the Samuel story, it becomes clear why many believe the United States to be a divinely ordained nation. Our founding documents clearly place the people as the true masters of our country, if only we act like it. The rulers serve the people, not the other way around. The more power is given to the people, the more God’s will is accomplished. People who demand more freedom are working in God’s interest, because they trust themselves to hear God’s voice. The faithful are not fearful of the world around them. If you find a person filled with fear, then God is not with them. The premise of this book is that the battle we are fighting against the Great Reset is nothing more than an ancient battle between the forces of freedom and tyranny. And yet, the critical piece of this fight is not found with those who are publicly advocating for our historic freedoms, or among those advocating for greater governmental control of your life. The battle is won or lost by you, the public, deciding whether you want freedom over your life and decisions or more governmental control. Choose wisely. * * *
It is the clerk that docketed it but I don't think lamberth has written his opinion on dismissal or made up his mind. Court calendars change all the time. Although it may be a clue that he is not going to dismiss he would likely formally rule on that after pretrial conference and all motions have been submitted. I would estimate the last week of Sept or first week of Oct is when the formal ruling on motion to dismiss will come out.
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