We begin this morning’s Reality Check with a discussion of one of the bright spots of American Jurisprudence, Judge Sol Wachtler.

Although the name may not ring a bell, or at least loud enough to answer, there’s a whole Wikipedia entry on the fellow:

“Solomon Wachtler (born April 29, 1930) is an American lawyer and Republican politician from New York. He was Chief Judge of the New York Court of Appeals from 1985 to 1992.[2] Known for the remark, “A marriage license should not be viewed as a license for a husband to forcibly rape his wife with impunity” (in People v. Liberta), Wachtler was a key figure in making spousal rape a criminal offense. He achieved national notoriety when he was charged with, and then convicted of, acts stemming from threats he made against a former lover and her daughter. Upon conviction, Wachtler served a fifteen-month prison sentence.”

I know what you’re thinking: What does another republican from history (with the mix of good and bad) have to do with a ham sandwich?

Ah, now we get to the key thing he said:

“As Chief Judge, Wachtler served not only as the head the Court of Appeals, but also as the chief administrator for the state court system. He made significant administrative changes, called for the merit selection of judges, implemented streamlined procedures, reduced opportunities for “judge shopping,” and reformed the state’s grand jury system. Wachtler also tried to improve women’s and minorities’ access to justice. He created a New York State Judicial Commission for Minority Concerns, a Workforce Diversity Program, and a New York State Task Force on Gender Bias.

Wachtler was famously quoted by Tom Wolfe in the 1987 novel The Bonfire of the Vanities that “a grand jury would ‘indict a ham sandwich,’ if that’s what you wanted.”

If Hil is the Ham Sandwich, is Huma in a Pickle?

Already, there’re stories about, like the RealClearPolitics re-write of the Fox News report that there has been pressure to indict Hillary (and other members of her “family”) for doing Pay to Play while she was at the State Department.

Also of note is Human Abedin, her Islamist assistant seems to be running very low-key since it’s her ex, Anthony Weiner, whose lap-top (and his computer, lol) have become the focus of a very embarrassing discovery of 650-thousand emails.

Just yesterday I ran across this video on YouTube about what Huma needs to explain to the American people about her allegiances.

And so we begin this morning with a very simple, yet incredibly important question to ponder:

“Is the American Public dumb enough to elect a Ham Sandwich?”

Don’t forget, the ham sandwich’s buds are counting the votes.  Oh, and campaigning for the sandwich.

It Keeps Getting Better

Sometime this week, I have to get on the phone with with my lawyer/consigliere and ask him whether there is such a thing as a “Preemptive Pardon” under the law.

In other words, if our hypothetical “Ham Sandwich” were already indicted, and were either brought to trial, or had been convicted of a crime, then I’d place the odds near 100% the the current occupier of the Oval Office would issue a pardon, just like Bill Clinton did for fugitive financier Marc Rich back when.

Constitutional scholar, or not however, there is a very sticky question here: Could the president issue a pardon or clemency in advance of a finding at law of wrong-doing?

And, if such a fine paper-over was attempted, would an opposition party (*which would get to appoint a Supreme Court justice or three) be inclined to honor such a “Get out of jail free” card?

Next week’s election, I figure, will still be swiped by Clinton. So maybe she will “pardon herself” but even then, the question would be whether a sitting president could pardon themselves.

I don’t think so. If it was possible, Then Slippery Dick (Nixon) would have done so in the Watergate fiasco. And certainly current events are at least of that scale. And we have to believe when you toss in the unconstitutional abuse of powers in areas like unchecked immigration, that Executive Arrogance is running at never-before-seen levels.

It will all likely come down to timing. Obama is likely to do a “Pardon—Swap” if Hillary (with Soros connected voting machine help) wins.

The swap would be “No jail time for the Clinton Foundation pay to play” in return for “No jail time for the treasonous disregard and breaches of national security and peace for massive immigration of largely unvetted Middle East and South Americans” as Obama’s press to wipe out historical American norms, like the “melting pot” concept move forward.

Speaking of Which

Did you notice that the Islamic Revolutionary Guards Corps leader says “Iran is sending Elite Fighters into U.S., Europe”?

Maybe they have figured out how good Ham Sandwiches are in the former Land of the Brave.

Green Eye Shades Dept.

Yes, I clicked out of my triple-levered short position in the market Wednesday just ahead of the Fed meeting. In doing so, I left 14-cents a share on the table. With hundreds and hundreds of shares, I could beat myself up pretty good. Except that it looks like I captured about 90% of the decline since September 1, so I’m trying to go easy on myself.

Compared to a passbook savings account paying one-quarter of one percent, my return for just two months is 26.8-times what a bank pays in a year.

Job Cuts Good, Where next?

No telling what will be in tomorrow’s Employment Situation Report, except it will be nominally “good” because the real slam comes with the January reports issued in February when the whole past year of fibs and stretches is confessed in a statistical manure pile.

What we do have this morning is the Challenger Job Cut report. If I can quote from the press release:

“In the final month before the general election, planned job cuts announced by U.S.-based employers fell to the second lowest level of the year, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

Employers announced 30,740 job cuts in October, a 31 percent decline from the 44,324 planned layoffs reported in September. Last month’s total was 39 percent lower than a year ago, when announced job cuts totaled 50,504.

The October total was the second lowest of the year, behind the 30,157 job cuts announced in May. It was the lowest October total since 1999, when 22,814 job cuts were announced in the first month of the fourth quarter.”

Does that mean the economy is picking up?

Hmmm… difficult question, that.

You see, when money is free – and going to stay that way until December with yesterday’s expected No Move from the Fed – there is very little risk to business to expand a bit.

But we are in the Big Tipping Point, which is where Globalism and Trade begin to equalize. This reduces growth in other countries and means we have to look, once again, at the $20-trillion dollar problem /elephant in the room, the National Debt.

At some point, trade declines and when it does we are right back with the Vicious Cycle and that’s when the all-services (95% services) economy begins to run out of customers. And once the services begin to collapse, we can expect a ride down that could forfeit 80% of the jobs in the country. How much role robotics and coming, robots are coming, will play in that is a fine parlor game.

Stealing Government From the People

If you had any question on how crooked and corrupt Western governments are, let me direct your attention to the British Isles where the High Court has ruled that Parliament has to vote on whether the nation can exit the EU (BREXIT).

The short-version of the story in the UK really comes down to this:

1. People of the UK voted to leave the EU

2.Globalists are working every trick in the book including this latest one, in order to find some “Legal” way to block BREXIT and keep the voters in something they clearly want out of.

There are profound parallels everywhere you look. Take immigration here in the USA. People unanimously want good borders. But a bunch of liberals have taken it upon themselves to “hijack process” in order to break the “melting pot” and they’ve got the upper hand at the moment.

What’s more, since the process-jackers count votes (or in the case of the UK, they pack the Courts) they can weasel out of prompt following the will of voters.

So the New Game Is…

This will be the New Game In Town over the coming years. Especially as less clear-cut scams come along – like Global Warming.

Are CFC’s bad? Oh sure.

But they may not be as bad as ripping apart people’s former freedoms under the guise of “fighting climate change” or “global tax to save the world” which is where that whole sh*t pancake is flipping.

So keep an eye on it: Freedom: The Reality (BREXIT vote) versus Globalist Crooks (back to parliament where everyone has a control file and can be bought-off or silenced, or sexicided, or…) and you can see the marvelous control paradigm of the humans who run the world.

And likely at the whim of Others.

Do be a good little human, then, and go consume micro-everything. You’ve been bent over and you just don’t know it. We’ll tell you when the Obamacare bills arrive after the election, so for now just go vote for the Ham Sandwich.

(Toss me a blood pressure pill and my crack pipe, wouldja?)

Meantime, Back at the Economy

Productivity and Costs report is just out:

“Nonfarm business sector labor productivity increased at a 3.1-percent annual rate during the third quarter of 2016, the U.S. Bureau of Labor Statistics reported today, as output increased 3.4 percent and hours worked increased 0.3 percent. (All quarterly percent changes in this release are seasonally adjusted annual rates.) The quarterly increase in nonfarm business sector labor productivity was the first increase after three consecutive declines in the measure. From the third quarter of 2015 to the third quarter of 2016, productivity was unchanged. (See table A.)

Labor productivity, or output per hour, is calculated by dividing an index of real output by an index of hours worked of all persons, including employees, proprietors, and unpaid family workers.

Manufacturing sector labor productivity increased 1.0 percent in the third quarter of 2016, as output and hours worked increased 1.1 percent and 0.1 percent, respectively. Output per hour increased 2.5 percent in the durable goods manufacturing sector, the combined effect of a 1.9-percent increase in output and a 0.6-percent decline in hours worked.”

WTF? Did people turn off their cell phones at work and log out of FB or something? Is your boss down on you for texting?

Not that it matters much: You still aren’t working hard enough for the Globalist Overseers. Just keep your eyes down and don’t look up at the massah or the ham sandwich that he’s running for office.

Money front:  Futures are now up 50, I got out of my short just right…

Note to Peoplenomics Subscribers:  The reason for the pause in the decline is we are at the lower trend channel seen in ChartPack chart #10 from Wednesday’s report.  Rally to election possible, then down after that setting up the big rally of wave V up into next Spring.

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This will make little sense to non-subscribers but if you read Peoplenomics, you will like totally “get it…”

Coping: Prepping with Leaves and Fire
Coping: Beware! The Doomporn Peddlers