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New York is broke: Take it to the bank.

 

But it won’t matter 

if we’re all stoned.

 

Contrary to what you might think, I did not pick a 2021 New York State bankruptcy date out of a hat. That was the date Jeffrey Gundlach gave as the date the 10-year treasury bond would hit six percent.

In economics, things don’t happen for a single reason.

 

They happen for several reasons, sometimes hundreds of reasons, cascading together. For New York though, it can be narrowed to a few.

 

1) New York’s economy is based on several bubbles that have created more bubbles.

There is, of course, the stock and bond market bubble which is the primary source for the giant $1.5 trillion GDP of New York City. This has led to a massive real estate bubble in NYC that has poured into Albany and Buffalo.

 

2) New York’s pension and state welfare programs are insolvent.

 

To be sure, the state’s pension is funded far better than most other states. The problem is, #1 above. New York, like most states, assumes it will earn 7.5% per year on its pension assets. Because of the bubble above, they’ve earned that in spades.

 

The problem is, (at least according to GMO) the next 20 years they will earn 2% per year. I’ll do the math. New York has $200bn in pension assets. They assume they will earn $15 billion a year. At 2% they’ll earn $4 billion. The other $11 billion will be made up by taxes.

 

That’s $11 billion – in new taxes – per year – for 20 years.

 

Certainly, other states have bigger problems, but other states don’t have as big a pension with such absurd payouts.

 

That’s $2,200 in NEW taxes for every family in New York. Which brings us to #3.

 

3) You can’t do business in New York.

 

New York’s tax, regulatory and political environment is so bad, businesses are leaving New York faster than you’d leave a burning hay loft. In New York, you can’t manufacture, frack, drill, mine and in fact, it’s so bad Amazon can’t even sell books here.

 

In their desperation, they’re begging companies to come here.

 

Amazon is only one fiasco. The Tesla plant in Buffalo is not economic after the state paid $247 million to build the plant. The biggest recipient of the Buffalo Billion was just incarcerated. Their huge milk processing plant in western NY, open less than 4 years is shut.

 

But it’s not just companies leaving, it’s people.

 

Even though technically, New York only loses 48,000 people per year, 190,000 leave and 140,000 immigrants move in. New York City has 3 million immigrants, 550,000 of which are illegal. 6 in 10 immigrants in New York are on welfare. This is 2 million people!

 

Welfare recipients do not pay taxes.

 

Contrary to the rhetoric, they do not add to the economy. Most get cash benefits, food stamps, medical are and the earned income credit. EIC is a refundable credit. That means you get credit even if you don’t pay taxes.

 

In other words, New York is replacing its taxpayers with welfare recipients.

 

None of these programs are, in and of themselves bad. They cost the US a little compared to what they spend, for example, on the Pentagon. The problem for New York, though, is demographic. They are losing productive people, people they pay to educate.

 

Bankruptcy isn’t the end of the world.

 

In fact, it’s not even a bad thing. But keep in mind, a calamity in the financial services industry will cause even greater problems in New York since they manage financial assets.

 

Furthermore, to get the 10-year treasury bond to 6%, (not a particularly high rate) interest rates would have to more than DOUBLE. With the 10-year at 6% mortgage rates would be above 10%. This means the average house would lose 50% of its value.

 

I can assure you when this happens no one will care about Global Climate Change.

 

They won’t care about gay marriage, what name is emblazoned on bathroom doors or how many vagina’s Donald Trump grabbed.

 

They will be melting tar and tearing apart pillows.

 

Khashoggi, The CIA and Qatar, A Trilogy

 

 

 

 

 

Catholic Church – Child Predators

 

The Catholic Church is embroiled in a pit of fire surrounding the ongoing, heinously sinful child sexual abuse that has permeated the Church for likely centuries.  

 

This past weekend Pope Francis held a televised live broadcast in which the discussion of this rampant egregious deed was discussed.  And yet, the entire event came across more like an infomercial than a real self-evaluation repentant matter with constructive solutions.

 

1)   Survivors of abuse were ‘disallowed’ from entering the conference – it was a closed door event.

2)   Senior Cardinal Marx announced that files on abusers were destroyed.

3)   Pope Francis was aware of the atrocities and did virtually nothing to bring justice against his house of criminals.

 

How do these truthisms bring belief, faith, or hope that the Vatican is really serious about doing anything? Instead, it makes the entire conference look like a sham, a flim-flam media posture event.

 

Francis was installed as Pope, March 2013. 

Will Your Children Be Cyborgs?

 

Over the last few decades there have been 2600 accusations against Priests in the US alone.  All of these allegations were transcribed, the offender was named, and a file created.   It would appear, the Church destroyed many files, meaning each successive Pope was aware of the allegation, and instead of bringing justice, they sought to destroy the evidence. 

 

No evidence – no allegation – Priest cleared.

 

The conference was attended by just 200 participants…  mostly Bishops.    But in 2018, six Dioceses in Pennsylvania found these same Bishops were guilty of covering up evidence of Priests abusing upwards of 1,000 children.  So in essence, Pope Francis is putting these same morally convicted wolves in charge of guarding the chicken coup.  Obviously it has worked well in the past…

 

But even that knowledge doesn’t break the surface of corruption that was plagued the Church for ‘decades’, I would think it is more likely centuries.  

 

In the late 2000’s, Pope Benedict XVI sanctioned Cardinal McCarrick of Washington DC for abuse allegations.  Two of the allegations remain ‘sealed’ from the public, others were destroyed.  And despite, the statement by Archbishop Carlo Maria Vigano that he instructed Pope Francis about the sanctions and allegations in 2013, Pope Francis turned a blind eye and repealed the sanctions.  Why?  If Pope Francis really wanted ‘justice for the children’ as he commanded the Bishops at the conference in Rome, why then did he repeal the sanctions of abuse on his own Archbishop?

 

But it is worse.  The Vatican and multiple Bishops received reports of McCarricks ‘transgressions’ for decades before anything was done at all.

 

The history of the abuse within the church was not even addressed by the media until the 1980’s, within the auspices of the Franklin Scandal, and the UK Jimmy Savile sensational story.  In both instances, pedophilia, abuse, was asserted against numerous high profile persons in the US and UK, including entertainment and sports figures, politicians, doctors, lawyers, and anyone with a lot of money to spend.

 

Like the Catholic Church pedophilia scandals, neither of these two scandals provided justice in any form whatsoever to the victims. 

 

And in most instances, the victims were actually further victimized.  No one went to jail.  No one was sanctioned.   The stories were so high profile, so backed with $$$$ that to this day, one person was charged, Jimmy Savile.

 

To think that a conference of a handful of corrupt Bishops presided by a corrupt Pope would yield anything different, is like slapping Weinstein on the wrist and demanding that he write 500 times, “I will not ever do that again…”  With his fingers crossed behind his back.   “Pinky swear.”

 

Some media outlets tend to blame the Priesthood’s rule of chastity as their defense and justification.

 

And while their manhood might be difficult to subjugate, child abuse is not a normal evolution.   Pedophilia, is not a normal evolution.   A Priest, a Bishop enter the Church promising to uphold chastity as a part of their dedication.   If they don’t believe this is acceptable, there are numerous alternate religions that espouse Christianity that do not adhere to this particular conviction.  They have – a Choice.

 

One of Pope Francis most revered authoritarians was Romano Guardini, who wrote extensively of Christian Socialism.   Guardini embraced such philosopher’s as Nietzsche, Plato, Socrates, and Aristotle, who advocated Atheism.  Under his pre-Pope name, Jorge Maria Bergoglio, Pope Francis was not bereft of drudge and accusations, including his purported facilitation of the kidnapping of two Jesuit Priests during Argentina’s Dirty War. 

 

These Priests were then subjected to horrific torture.

 

Complaints were filed.  And despite one of the Priests coming forward and claiming the Bergoglio was indeed complicit, and not only reluctant to help, but allegedly involved, the case was – dismissed.

 

Why? Money talks.

 

And so, this is the Pope. This is the Francis who claims that – now – suddenly – the children deserve justice.   This is the person, the man, the power vacuum that wields the whip of Catholic Doctrine and by default, core religiosity.  He sits behind the gated, walled, city of the Vatican that is guarded by the most elite soldiers in the world, equipped with infinite guns and ammo, to protect the men and their wealth who have confiscated their bounty over centuries in the form of art, real estate, stocks, and gold.  All the while telling the sheep what is real, what is truth, what is history, and what is – sin.

 

While living – the Dream.

 

 

 

In light of BREXIT and Trump’s stance on the less than transparent UN, Juncker is making a bid to find alternate states to bring under the EU umbrella. Is the EU the neqw Ottoman Empire? 

 

Macedonia:   With a population that is roughly 64% Christian and 33% Muslim, Macedonia is a fitting choice to add to the debt of the EU.  

 

It’s unemployment rate is 27-30% and its poverty rate is in excess of 22%.   It’s newly elected Prime Minister, Zoran Zaev of the Social Democrat Union, is mired in more than a bit of controversy as he was charged with conspiracy with ‘a foreign intelligence service’ in initiating a coup against the previous Prime Minister. His squeaky election win was further underscored by the fact that the previous PM was part of the VMRO-DPMNE Party which is considered ‘nationalist’.

 

Albania:   Roughly 60% of the population is Muslim.  

 

It has the 10thlargest reserves of oil, and is the worlds leading exporter of chromium which is used as an anti-corrosive in steel plating. Albania is considered a prime tourist destination for southern Europeans and US citizens. Unemployment is roughly 15%, it operates a trade deficit of -9.7%. It’s PM, Edi Rama, is a member of the Socialist Party.

 

Bosnia:   Cited as 51% Muslim, the country is loosely defined as a liberal democracy.

 

Despite this tag, “…the highest political authority in the country is the High Representative in Bosnia and Herzegovina, the chief executive officer for the international civilian presence in the country and is selected by the European Union. Since 1995, the High Representative has been able to bypass the elected parliamentary assembly, and since 1997 has been able to remove elected officials. The methods selected by the High Representative have been criticized as undemocratic.   International supervision is to end when the country is deemed politically and democratically stable and self-sustaining.

 

In essence, the country is ruled by the EU.

 

It’s infrastructure and economy have yet to recover from the Bosnian/Croatian war that ended in 1995. Main industries include steel, coal and iron ore.   Its unemployment rate is near 40%, and it requires IMF loans simply to survive.

 

Kosovo: Approximately 96% Muslim, Kosovo’s status as a nation is subject to controversy.

 

Like Bosnia, it has yet to sustain itself since the Yugoslavia war that ended in 1995.   Rich in agriculture, the country boasts 53% of its land use for the production of agri-products, and 41% a forestry. The current PM, Ramush Haradinaj, served in the Kosovo war and although he was indicted for war crimes, no charges were implemented.

 

Montenegro: The newly elected Prime Minister, Dusko Marcovic, is a member of the Democratic Socialists, not unlike Macedonia’s political metamorphosis.

 

A tiny nation that was also created as a result of the Yugoslav war, its main industry is tourism. While in need of major investment within infrastructure to increase the revenue basis of this industry, Montenegro is a recipient of Climate Change funds with the approval of the German Federal Ministry for Economic Cooperation and Development.

 

The Baltic State Region, recognized as developing countries who are at the greatest risk of global warming, have been targeted for Climate Change funding according to the Paris Accord in order to mitigate these potentially catastrophic events…

 

In essence, all of this means that we have a bunch of Baltic countries whose nominal GDP per capita is low. 

 

From a ranges low $3,200 to about $6,200, these economies are in desperate need of a boost in monetary investment. This would come preferably free. Their ethnicities are largely predominantly Muslim, and they belong to the Socialist/Communist leaning political spectrum.

 

Their land is fertile, wherein a solution was concocted in which a fake moral and ethical agenda of climate change was created. This  funded with private and global government money via the Paris Climate Accord and the UN, would then be diverted to these economies for rebuilding and infrastructure spending.

 

This would supposedly reinvent viable economies to be integrated into the EU, with the ultimate goal of recreating a New Ottomon Empire. 

 

Coincidentally, this was the stated goal of ISIS and Al-Nusra.

 

In the meantime, the citizens of the EU extend welcoming arms, unaware that their own ethnicities will soon become the minority and their lives uprooted and displaced.

 

All of this under the guise of Merkel and Juncker who seemingly are aglaze in a false belief of arrogant power, indoctrinated into trusting that they will be tasked with a leading power role over this New Ottoman Empire. 

 

Childishly unaware that they are mere puppets who are ultimately quite expendable…

 

Of course, none of this matters if the world is stoned. @paulschwartzmeyer

The bizarre tale of Khashoggi has arisen again with a new twist. 

None of this matters

if the country is stoned. 

 

 

 

 

He was not the true author of the journalistic pieces written for the Washington Post, the author was Maggie Mitchell Salem, Executive Director for Qatar Foundation International, LLC based in Washington, DC as an adjunct of the Qatar Foundation.  Their quoted mission statement is:  

“We engage a global community of diverse learners and educators, fostering global competency and 21st-century skills through the exploration of the Arabic language and the Arab world’s societies and cultures.”

 

Basically, that means they have entered school systems across the globe, notably the US and UK, for the purpose of spreading Arabic culture.

 

Paul Schwartzmeyer Bio 

 

Khashoggi was merely a puppet.

 

Is America growing or decling like Rome?

 

His name and background lended credibility to an entirely fake series of articles in the Washington Post.  He created himself as a Saudi exile, looking for refuge in the US.  At least that’s how Salem created the bio.

 

In fact, Salem, a mouthpiece for Qatar, chose what Khashoggi would write, what information he would state, and how it would frame Saudi Arabia particularly the new Crown Prince bin Salman.  Text messages have been accessed that reveal this alliance.

 

Time Magazine put Khashoggi on the face of its cover, Man Of The Year, for his excellence in journalism.

 

Although, like the disgraced CNN journalist, it would appear Khashoggi was a fake too.   At least in his writing for The Washington Post.

 

Why would Khashoggi allow that tarnish?

 

The Washington Post is owned by Bezos, founder and CEO or Amazon.

 

In 2013, the CIA awarded Amazon a $600 million contract – 4 months after Bezos bought the Washington Post.   The contract offered advanced, high tech cloud infrastructure within that was stated to allow greater information sharing among all 17 intelligence agencies.

 

The contract award was challenged by IBM which had also bid on the contract and despite coming in $54 million less, was not awarded.   IBM’s CEO, Ginni Rometty, has emphatically stated IBM is ‘apolitical’ which may have undermined her ability to secure the CIA contract – in favor of the very liberal Bezos despite underbidding.

 

The CIA has been a regular contributor in the Washington Post, either through intermediaries, or directly as a source.  The Post effectively prints what they are told to say.  While the Liberal Swamp was in control, that alliance was necessary. Tit-for-tat.

 

So what was Khashoggi’s role?

 

Perhaps the CIA Swamp paid him for the use of his name.  He had several prominent alliances including Erdogan and Alwaleed bin Talal. Alwaleed was a Clinton Foundation contributor and was a part of the Saudi purge initiated by bin Salman in which over 500 arrests were issued for money laundering, bribery, embezzlement, and extortion.

 

In the days before Alwaleed’s arrest, he contacted Khashoggi.  Alwaleed and Khashoggi were both prominent members/ and/or contributors to the Muslim Brotherhood and it’s affiliates including CAIR, CCNU, and ISNA.

 

Before Osama Bin Laden became the defacto leader of al Qaeda, he was a member of the Muslim Brotherhood.  Human Abedin, Hillary’s right hand man, is a Muslim Brotherhood member.  These links are the critical core of the outrage over Khashoggi’s death.

 

Ties go back many years to Obama:

 

In 1987 Bill Ayers solicited Khalid Abdullah Tariq al-Mansour (a.k.a. Donald Warden) to raise money for Obama’s Harvard Law School education.

 

Al-Mansour is an orthodox Muslim, a black nationalist, an outspoken enemy of Israel, and mentor to Black Panther Party founder Huey Newton and his cohort, Bobby Seale. At the time al-Mansour associate Percy Sutton was raising money for Obama’s education, al-Mansour was the top financial advisor to mega-billionaire Prince Alwaleed (Alwalid) bin Talal of the Saudi royal family.

 

The CIA released a statement for the Washington Post claiming that Crown Prince bin Salman was responsible for the death of Khashoggi.

 

The CIA declined to comment further and no names within the CIA were revealed other than ‘a person briefed on the CIA’s assessment’.

 

During the CIA’s Operation Mockingbird which lasted decades, beginning in the 1950’s.

 

Various Washington Post and New York Times reporter’s were on their payroll.   It was a decidedly Liberal, anti-Soviet agenda and would seem that contrary to reports it was eradicated in 1976 under then Director, George Bush, it has morphed into an ever larger mass media manipulation.

 

Despite the Church Report in which the CIA vowed to not enter into any ‘paid or contractual relationship with any full-time or part-time news correspondent accredited by any U.S. news service, newspaper, periodical, radio or television network or station’, it would appear that vow was circumvented.   And their infiltration is accepted.

 

If Khashoggi was actually on the CIA payroll through the Washington Post, that would explain their distraction in blaming Saudi Crown Prince bin Salman.

 

It would explain the immediate guilty until proven innocent reaction from numerous other CIA outlets, liberal businesses, and the bizarre Republican factions that are known Swamp: Graham and Rubio.

 

It is important to note who is aligned with whom. 

 

The fact that Khashoggi’s journalistic aptitude was actually written by Salem, a Qatari aligned Director, and that the newly appointed Prince bin Salman is not aligned with the Liberals of DC, and that Qatar is in a deep riff with Saudi Arabia over their sponsorship of The Muslim Brotherhood, and the Muslim Brotherhood has deep swamp connections in the CIA, and that the Muslim Brotherhood link is being down-played and even deleted from some sites, play back to the Washington Post-CIA-Mockingbird Agenda.

 

Paul Schwartzmeyer Bio