Please don’t take this as another attack on former president Obama, but the Federal government has a serious “clean hands problem” leftover from his time on Pennsylvania Avenue.

If it were only the matter of the FBI’s mishandling of the purported Russia story – which nearly a year on still has only produced irrelevant process charges – it would be one thing.

But it’s not.  Just yesterday in Nevada, the Fed gov was dressed down by a federal judge in another case.  The famous over-reach of the Bureau of Land Management in the Cliven Bundy case.

(Continues below)

 

A closer inspection of both stories is warranted because it gets to the heart of the American People’s assent to being governed.  We agree, only so long as the game isn’t rigged.

In the Russia case, the key story to focus on is this one on The Hill: “FBI agents’ text messages spur congressional probe into possible news leaks.”

To quote a key paragraph on point, because it effectively reveals that high levels of the US “Justice” system were “feeding” information to outlets for blatant political purposes, goes like this:

““I can get it like I do every other article that hits any Google News alerts, seriously,” Strzok wrote, adding he didn’t want his team hearing about the article “from someone else.”

“…like I do every other article”???  This is extraordinarily troubling because it fits the notion that the Obama administration either condoned (or mismanaged) a runaway federal bureaucracy that was itself effectively attempting to “rig” the presidential election outcome.

Dirty Hands, II

The other case that gravely concerns us is the Federal mishandling of the Cliven Bundy case.

Monday, after 700 days being a “political prisoner” (as Bundy himself put it), the Feds were slapped down by a federal judge in Nevada.

The issue was the government’s failure to share (and in a timely manner) ALL the data in the case.  What the federal prosecutors effectively did was “sanitize” the data.

The L.A, Times coverage of the case in “Judge dismisses case against Nevada rancher Cliven Bundy and his sons” is especially disturbing here:

“[Judge] Navarro rebuked federal prosecutors — using the words “flagrant” and “reckless” to describe how they withheld evidence from the defense — before saying “that the universal sense of justice has been violated” and dismissing the charges.” [against Cliven Bundy]

Both withholding evidence and seeing feds exerting “influence” in an election process, in our view constitutes breach under contract law.

Moreover, Cliven Bundy is likely right arguing that his county in Nevada is the rightful manager of the land in dispute, not the federal Bureau of Land Management.

Again, it’s a case of finding “dirty hands” while an agency was allegedely carrying out duties of a federal office.

Both of these stories are appalling, and distasteful.  It’s an affront to Americans that a “special prosecutor” has failed to turn up (and jail) the leakers in the Russian Dossier case, even after the democrats role in it was revealed. And in Nevada “stacking the deck” with regard to Bundy case evidence appears crooked, as well.

We also noted another “reveal” press ignorance in much of the Bundy case as “environmental groups”  were widely quoted as being unhappy with the judicial outcome.

You’ll recall, I hope, that several times in the past month, I have directed you to responsible environmentalists (like Allan Savory’s fine work).  The reason should now be coming into focus.

This morning, with the environmental left decrying the proper administration of justice, we must again point out that there are working solutions to improving range lands. They won’t raise as much money from the gullible, of course.

But seriously?  I expect ranchers like Cliven Bundy would have no problem with high-intensity herd management of the sort Savory describes. He was already going down that road…moving the herd around.  Who in BLM could be so ignorant?

Environmentalists, and the right / left extremes for that matter, have a hard time staking focused on “management by objective.”  Exceptional people, thoughl. constantly ask “What are after, here?

We wonder about the prosecutors in the Bundy case and about the Mueller fishing expedition, on precisely this basis.

As important as economic news is, being our bread and butter, all markets are predicated on the “Honest Playing Field” and “fair discovery of price.”

Every time bias in the FBI surfaces – now hinting at efforts to rig the news, or prosecutors failing to completely disclose named persons in a case for political reasons, we hear the ripping of the social contract.

I think you’d agree: There’s has been a slow-motion destruction of America core values that once made this a Great Nation.

Frankly, it pisses me off.  It should you, as well.  Unless, this is a joke:

“…with Liberty and Justice for All.”

We now return to the train wreck in progress.  Help me with this soap box, would you?

A Bit Disappeared

Bitcoins were back down into the $14,500 range in overnight trading.  The decline comes as the technical indicators are duking it out over whether BTC will go to $35,000 or $350 in the longer view.

The overnight was also tainted by these items:

Boss of ‘Bitcoin for porn’ cryptocurrency Fantasy Market accused of ‘disappearing’ with investor’s money.

And if that’s not gangland enough for you, try Powerful Forces Keep Mt. Gox Heist Shrouded in Mystery, Alleges Bitcoin Entrepreneur.

Then there’s this CNBC story: “Fund managers say bitcoin ETF proposals withdrawn due to SEC concern.”

We trust you’re also aware that Harvard Professors Predict Bitcoin Collapse Due to Government Regulation?

How long have we been warning you government will NOT tolerate competition?  Now we will see the swell to regulate.  And, in a way, w’re also sensing the change in the news flow to more negative toward cryptos and that begins to blow the winds of change toward the breaking lower outcome.

Too early to be sure though, so keep the popcorn coming.  Bear in mind, our cold, hard, assessments on financial fads usually play out as we call ’em in the longer-term.

Speaking of “Made Up Money”

We will be very closely following what Neel Kashkari has to say when he speaks as a Fed Governor today.

Of all the Fed’s Board, Kashkari is the one saying no to hikes and who’s also effectively questioning the “TBTF” (too big to fail) paradigm that has led to serial hold-ups of the government by the Bankster Class.

Major Reverse Discrimination Case

Goolge this? James Damore sues Google for allegedly discriminating against conservative white men.

Keep an eye on Alphabet stock prices, but likely little if any impact.

The (rest of the) Day Ahead

2-hours befor the open looked like +50 for the Dow.  There was another “rising market could spell trouble ahead” article in the Journal this morning.  We love to see markets climb the wall of worry.

Remember:  Every day of new highs pushes the closest likely crash date out 55 days.

A report from the National Federal of Independentd Business is out and sounds like more good times are ahead, worry-warts aside:  “Average Monthly Optimism Sets All-Time Record in 2017.”

Out at CES we are seeing more job woes downstream as robotics come to steal jobs from us lowly humans.  Go read how LG showcases robots that could replace workers in hotels, airports and supermarkets and it will make your hair stand on end.

We will (pointlessly) repeat that machines replacing humans should pay income tax in order to support the displaced workers.  But, as always, our forward-thinking will only become clear in 10-20 years.

Peoplenomics tomorrow will look at some “silver spoon” people…thanks in advance for sending in the surveys on our website upgrade plans.  See the Coping section that follows…

Best Investor: Buffett or Trump?
Coping: Retooling of UrbanSurvival Site