investmentwatchblog--2020-06-25--CEOs Left At The Exact Right Time

CEOs Left At The Exact Right Time

We usually don ’ t include quotes from investors , but these do an amazing job at measuring the market ’ s tone .
A high yield portfolio manager at Diamond Hill Capital Management stated , “ You get an invitation to a party from the Fed , Treasury and Congress — they offer to pick you up , take you home and bring you breakfast in bed the next morning.
” Zox stated , “ You know it is going to be a party like no other.
” They are referring to the massive onslaught of junk bond offerings @ @ @ @ @ @ @ chart below , June has seen $ 46.7 billion in junk bond offerings already which surpassed the monthly record of $ 46.3 billion in September 2013 .
Year to date , offerings have totaled $ 199 billion which is a 66.5 % increase from last year .
The Fed has allowed at risk companies to raise money .
Instead of these firms going bankrupt like they usually do , they are getting a lifeline .
The catch is they will have a huge debt overhang .
The good news is yields are much @ @ @ @ @ @ @ The economy is leaning heavily on the Fed to help it which is bad because it will be tough to reverse course .
The economy becomes less dynamic if companies aren ’ t allowed to fail .
The positive is this will be the quickest recovery ever depending on how the 2nd wave of COVID-19 progresses .
American Airlines priced a public offering of 74.1 million shares at $ 13.5 and a $ 1 billion convertible senior note which yields 6.5 % and is due in 2025 .
Most of the airlines should @ @ @ @ @ @ @ out that doesn ’ t make them good investments because they are being diluted and there will be higher expenses to cover the interest on the debt .
The party looks fun in June 2020 , but it might be a long term problem .
As you can see from the chart below , Oxford Economics estimates corporate debt to GDP in advanced economies could get close to 100 % this year .
There will be less debt issued in the 2nd half , but the problem is already here .
Oxford Economics @ @ @ @ @ @ @ limit economic growth .
This past expansion , the consumer deleveraged .
Usually in expansions , leverage increases .
Now , following the quick recession , corporations are taking on more leverage which is usually when firms deleverage .
Everything is backwards .
When will the deleveraging come ?
Leverage is in a long term uptrend as a percentage of GDP .
Cyclical deleveraging will occur if interest rates rise ; the other way is if firms get less aggressive by using their profits in the next few years to pay down some @ @ @ @ @ @ @ likely and obviously less problematic .
If rates were to spike , we would in hindsight call this a debt bubble that burst .
It ’ s tough to call this a debt bubble because the long term fundamentals don ’ t suggest yields will spike as demographics are still headed in the same direction ( older ) .
In fact , if corporate debt limits growth , that will serve to pressure rates lower .
If a company ’ s top management all leave at once , it means the company is @ @ @ @ @ @ @ are speaking with their feet .
In Q4 2019 and January 2020 , CEOs spoke with their feet by leaving .
Instead of it being at a specific company , it was all companies .
It ’ s almost as if CEOs predicted the recession this year .
Maybe , it just shows the economy was late cycle .
CEOs have the easiest time leaving when the market is pleasant .
Investors don ’ t want to see top management resigning in the middle of a disaster .
As you can see from @ @ @ @ @ @ @ turnover was 6 % which was the highest since it started being tracked in 2002 .
It was intensely high early in 2020 because Q1 includes March when the trend reversed .
No one wants to see a CEO leave in the middle of a pandemic .
The index crashed from above 200 to 48 where it bottomed in April .
It ticked up to 83 in May .
As the economy gets back to normal , this index should normalize .
It ’ s almost as if CEOs knew a pandemic was @ @ @ @ @ @ @ in market history is similar to the late 1990s when retail traders quit their jobs to trade full-time .
It seems like this market is in hyper speed because we went from euphoria to fear back to euphoria like the late 1990s in just about 5 months .
The Fed bailed out Long Term Capital Management in 1998 .
This stimulus in the late 1990s led to 2 more years of a bull market in tech .
It ’ s doubtful the Nasdaq can continue at this rate for 2 more years .
@ @ @ @ @ @ @ outperformance over the S & P 500 and the Dow is the highest since 1983 .
The 14 month RSI of the ratio of the Nasdaq 100 to the S & P 500 is in the high 80s .
It peaked at 90 in 2000 .
The Nasdaq 100 divided by the S & P 500 is higher than the peak of the tech bubble .
As you can see from the chart on the left , retail traders are heavily involved as Charles Schwab and TD Ameritrade are seeing sequential spikes in @ @ @ @ @ @ @ “ day trading ” have more than tripled since February .
The bankrupt stocks , the airlines , and the cruise ships , have done poorly since June 8th , but the cloud stocks have done very well still .
Retail traders are likely making more trades because trading fees have been eliminated at most brokerages .
It ’ s a junk bond party as junk bond issuance this year is up 66.5 % from last year .
The corporate debt to GDP ratio being above 90 % in advanced economies might slow @ @ @ @ @ @ @ right time in late 2019 and early 2020 .
It was right before the COVID-19 crisis .
The Nasdaq has done extremely well versus the S & P 500 because it has almost 50 % technology , while the S & P 500 has 27 % .
Retail traders are trading more often and are euphoric .

by UPFINA
We usually don’t include quotes from investors, but these do an amazing job at measuring the market’s tone. A high yield portfolio manager at Diamond Hill Capital Management stated, “You get an invitation to a party from the Fed, Treasury and Congress — they offer to pick you up, take you home and bring you breakfast in bed the next morning.” Zox stated, “You know it is going to be a party like no other.” They are referring to the massive onslaught of junk bond offerings.
As you can see from the chart below, June has seen $46.7 billion in junk bond offerings already which surpassed the monthly record of $46.3 billion in September 2013.
Year to date, offerings have totaled $199 billion which is a 66.5% increase from last year. The Fed has allowed at risk companies to raise money. Instead of these firms going bankrupt like they usually do, they are getting a lifeline. The catch is they will have a huge debt overhang. The good news is yields are much lower than the peak in March. The economy is leaning heavily on the Fed to help it which is bad because it will be tough to reverse course. The economy becomes less dynamic if companies aren’t allowed to fail. The positive is this will be the quickest recovery ever depending on how the 2nd wave of COVID-19 progresses.
American Airlines priced a public offering of 74.1 million shares at $13.5 and a $1 billion convertible senior note which yields 6.5% and is due in 2025. Most of the airlines should survive, but retail traders will find out that doesn’t make them good investments because they are being diluted and there will be higher expenses to cover the interest on the debt.
Hangover After The Party
The party looks fun in June 2020, but it might be a long term problem. As you can see from the chart below, Oxford Economics estimates corporate debt to GDP in advanced economies could get close to 100% this year. There will be less debt issued in the 2nd half, but the problem is already here. Oxford Economics believes this high corporate debt level will limit economic growth. This past expansion, the consumer deleveraged. Usually in expansions, leverage increases. Now, following the quick recession, corporations are taking on more leverage which is usually when firms deleverage. Everything is backwards.
We are primarily funded by readers. Please subscribe and donate to support us!
Rising corporate debt during the Global #Coronavirus Recession is in part a reflection of increased borrowing for cash flow purposes, but it could crystallize prior risks and weigh on rebound in business investment via @OxfordEconomics @SoberLook pic.twitter.com/x6eSOaZ0bX — Gregory Daco (@GregDaco) June 24, 2020
When will the deleveraging come? Leverage is in a long term uptrend as a percentage of GDP. Cyclical deleveraging will occur if interest rates rise; the other way is if firms get less aggressive by using their profits in the next few years to pay down some debt. The latter scenario is more likely and obviously less problematic. If rates were to spike, we would in hindsight call this a debt bubble that burst. It’s tough to call this a debt bubble because the long term fundamentals don’t suggest yields will spike as demographics are still headed in the same direction (older). In fact, if corporate debt limits growth, that will serve to pressure rates lower.
CEOs Abandon Ship
If a company’s top management all leave at once, it means the company is likely in bad shape. They clearly are speaking with their feet. In Q4 2019 and January 2020, CEOs spoke with their feet by leaving. Instead of it being at a specific company, it was all companies. It’s almost as if CEOs predicted the recession this year. Maybe, it just shows the economy was late cycle. CEOs have the easiest time leaving when the market is pleasant. Investors don’t want to see top management resigning in the middle of a disaster.
As you can see from the chart above, in Q1 CEO turnover was 6% which was the highest since it started being tracked in 2002. It was intensely high early in 2020 because Q1 includes March when the trend reversed. No one wants to see a CEO leave in the middle of a pandemic. The index crashed from above 200 to 48 where it bottomed in April. It ticked up to 83 in May. As the economy gets back to normal, this index should normalize. It’s almost as if CEOs knew a pandemic was afoot and left beforehand.
Retail Traders Trade Often
This period in market history is similar to the late 1990s when retail traders quit their jobs to trade full-time. It seems like this market is in hyper speed because we went from euphoria to fear back to euphoria like the late 1990s in just about 5 months. The Fed bailed out Long Term Capital Management in 1998. This stimulus in the late 1990s led to 2 more years of a bull market in tech. It’s doubtful the Nasdaq can continue at this rate for 2 more years. The Nasdaq’s year to date outperformance over the S&P 500 and the Dow is the highest since 1983. The 14 month RSI of the ratio of the Nasdaq 100 to the S&P 500 is in the high 80s. It peaked at 90 in 2000. The Nasdaq 100 divided by the S&P 500 is higher than the peak of the tech bubble.
As you can see from the chart on the left, retail traders are heavily involved as Charles Schwab and TD Ameritrade are seeing sequential spikes in account growth. The Google searches for “day trading” have more than tripled since February. The bankrupt stocks, the airlines, and the cruise ships, have done poorly since June 8th, but the cloud stocks have done very well still. Retail traders are likely making more trades because trading fees have been eliminated at most brokerages.
Google Trend for ‘day trading’ unlike anything seen in at least 16 years pic.twitter.com/tdN5uheFl1 — Sam Ro 📈 (@SamRo) June 23, 2020
Conclusion
It’s a junk bond party as junk bond issuance this year is up 66.5% from last year. The corporate debt to GDP ratio being above 90% in advanced economies might slow growth. CEOs quit at exactly the right time in late 2019 and early 2020. It was right before the COVID-19 crisis. The Nasdaq has done extremely well versus the S&P 500 because it has almost 50% technology, while the S&P 500 has 27%. Retail traders are trading more often and are euphoric.


investmentwatchblog--2020-06-25--This is how reddit is trying to sway the election! The identical method used by CCP!

the same type of censorship in China !

by Expensive_Pop
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the same type of censorship in China!


investmentwatchblog--2020-06-25--NASCAR GETS ITS OWN JUSSIE SMOLLETT:

NASCAR GETS ITS OWN JUSSIE SMOLLETT:

Cockburn was initially reticent to compare Wallace to Smollett .
Wallace was not the one who initially found the ‘ noose ’ , and was merely reacting to what his team told him .
He did not manufacture the incident himself .
But the fanfare that followed , despite an ongoing investigation that had yet to find evidence of a hate crime , wilted any sympathy .
Drivers and team members pushed Wallace ’ s car to the front of the field ahead of Monday ’ s race at Talladega .
The infield grass was painted with # IStandWithBubba .
@ @ @ @ @ @ @ solidarity ’ that only took place because just waiting for an investigation to conclude before commenting on an alleged hate crime would have earned NASCAR allegations of racism .
Then , even after the FBI concluded that the ‘ noose ’ was anything but , Wallace doubled down on his alleged victimhood .
In a Tuesday night appearance with CNN ’ s Don Lemon , Wallace asserted , ‘ From the evidence that we have…it ’ s a straight-up noose ’ .
Never mind the 15 — yes , 15 !
— FBI @ @ @ @ @ @ @ Wallace , despite never having seen the rope in person , believes it ’ s a noose , and therefore it ’ s a noose .
Wallace apparently got a taste of the fame that comes with being a professional victim and thought it was much sweeter than letting his racing do the talking .
He finished 14th at Talladega .

via spectator:
Cockburn was initially reticent to compare Wallace to Smollett. Wallace was not the one who initially found the ‘noose’, and was merely reacting to what his team told him. He did not manufacture the incident himself. But the fanfare that followed, despite an ongoing investigation that had yet to find evidence of a hate crime, wilted any sympathy. Drivers and team members pushed Wallace’s car to the front of the field ahead of Monday’s race at Talladega. The infield grass was painted with #IStandWithBubba. It was an outlandish show of ‘solidarity’ that only took place because just waiting for an investigation to conclude before commenting on an alleged hate crime would have earned NASCAR allegations of racism.
Then, even after the FBI concluded that the ‘noose’ was anything but, Wallace doubled down on his alleged victimhood. In a Tuesday night appearance with CNN’s Don Lemon, Wallace asserted, ‘From the evidence that we have…it’s a straight-up noose’. Never mind the 15 — yes, 15! — FBI special agents who investigated the incident. Wallace, despite never having seen the rope in person, believes it’s a noose, and therefore it’s a noose.
Wallace apparently got a taste of the fame that comes with being a professional victim and thought it was much sweeter than letting his racing do the talking. He finished 14th at Talladega.


investmentwatchblog--2020-06-25--Democrats are so dumb… How dumb are they?

All part of the continuing coup against The United States .

All part of the continuing coup against The United States.
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h/t Vicious


investmentwatchblog--2020-06-25--Political Corruption at Trump Rally

Political Corruption at Trump Rally

Here is how a corrupt convention center management team kills attendance at a Trump Rally .
I was there and saw most of it first hand , followed by others tonight that never got past the temperature screeners .
1 .
BOK Center holds at least 19,000 .
The area outside the convention center set up by the Secret Service and Tulsa PD had a U-shaped squeeze shoot to funnel the crowd down to an area about .
50 feet wide and 600 feet long with an outdoor stage adjacent to the BOK entrance.Trump was supposed to be able to @ @ @ @ @ @ @ stage .
2 .
Entry to the “ Secure Area ” NOT the BOK center was about 5 blocks away where you had to pass “ screeners ” who took your temperature , made you put on a face mask and gave you a green band to proceed to Secret Service Security .
3 .
If the temperature screeners left their post- the entire entry to the BOK Trump rally was shut down .
4 .
And that is EXACTLY what happened today about an hour after we got through security .
5 @ @ @ @ @ @ @ doors opened had block off every other seat in the arena so the arena could only hold about 9500 people .
6 .
After continued back and forth with the trump campaign , something happened to allow more people in ( in groups of just 100 at a time ) .
We had to wait about 30 minutes each time for them to let just 100 of us trickle into the building .
I am not talking about their security- we had already passed through metal detectors and everything .
You could actually @ @ @ @ @ @ @ would let just 100 of us in at a time , but that was just just wrong and corrupt on BOK management ’ s part .
They removed the stickers/rule on every other seat – that is true , but only after they shut down all entry to the “ event location ” .
7 .
I looked over at the screening area and told my wife- something fishy is gong on- 2 hours before the rally – the screeners have left .
I told her- no one can get to the stage/overflow @ @ @ @ @ @ @ “ temperature screeners ” gone .
It is like the people that collect tickets say- I am done we are leaving .
8 .
They left their posts and from what I am learning- thousands could not get in to the first checkpoint because the temperature screeners had to put green wrist band on you to gain access to the Secret Service security checkpoint .
No green band— no entry to the security check point .
9 .
I think the BOK management told the screeners – we have reached the capacity for @ @ @ @ @ @ @ center , so shut down- do not allow the other Trump supporters to get a temperature check and no more green wrist bands .
Do not issue green wrist bands so they can get into the holding area to see the stage for the outdoor Trump Rally .
10 .
It was all a setup to make it look like the crowds did not show up .
The crowds DID show up and after 5pm , - 2 hours before the event- no one was there to let them get to security .
@ @ @ @ @ @ @ the building full , and no overflow crowd-then .
CNN boasts that the rally was a flop .
The only thing that was a flop was BOK temperature screeners turned away thousands of attendees that never got to be near the rally .
This is pure political corruption at it ’ s finest .
I was there- the super high energy crowd was there .
they need to fire the BOK manager that oversaw this disaster .
President Trump- we as the crowed tried , but with corrupt BOK management your crowd was @ @ @ @ @ @ @ a crooked BOK building manager .
On top of all that , even Uber was not accepting payments for any rides to the downtown area for the event .
I hope this backfires on all the crooks .

Here is how a corrupt convention center management team kills attendance at a Trump Rally. I was there and saw most of it first hand, followed by others tonight that never got past the temperature screeners.
1. BOK Center holds at least 19,000. The area outside the convention center set up by the Secret Service and Tulsa PD had a U-shaped squeeze shoot to funnel the crowd down to an area about. 50 feet wide and 600 feet long with an outdoor stage adjacent to the BOK entrance.Trump was supposed to be able to speak to the overflow group from this stage.
2. Entry to the “Secure Area” NOT the BOK center was about 5 blocks away where you had to pass “screeners” who took your temperature, made you put on a face mask and gave you a green band to proceed to Secret Service Security.
3. If the temperature screeners left their post- the entire entry to the BOK Trump rally was shut down.
4. And that is EXACTLY what happened today about an hour after we got through security.
5. The BOK center just before the doors opened had block off every other seat in the arena so the arena could only hold about 9500 people.
We are primarily funded by readers. Please subscribe and donate to support us!
6. After continued back and forth with the trump campaign, something happened to allow more people in (in groups of just 100 at a time). We had to wait about 30 minutes each time for them to let just 100 of us trickle into the building. I am not talking about their security- we had already passed through metal detectors and everything. You could actually run into the building each time they would let just 100 of us in at a time, but that was just just wrong and corrupt on BOK management’s part. They removed the stickers/rule on every other seat – that is true, but only after they shut down all entry to the “event location”.
7. I looked over at the screening area and told my wife- something fishy is gong on- 2 hours before the rally – the screeners have left. I told her- no one can get to the stage/overflow area or the BOK center with the “temperature screeners” gone. It is like the people that collect tickets say- I am done we are leaving.
8. They left their posts and from what I am learning- thousands could not get in to the first checkpoint because the temperature screeners had to put green wrist band on you to gain access to the Secret Service security checkpoint. No green band— no entry to the security check point.
9. I think the BOK management told the screeners – we have reached the capacity for what we are letting into the BOK center, so shut down- do not allow the other Trump supporters to get a temperature check and no more green wrist bands. Do not issue green wrist bands so they can get into the holding area to see the stage for the outdoor Trump Rally.
10. It was all a setup to make it look like the crowds did not show up. The crowds DID show up and after 5pm,- 2 hours before the event- no one was there to let them get to security.
11. With only about 3/4 of the building full, and no overflow crowd-then. CNN boasts that the rally was a flop. The only thing that was a flop was BOK temperature screeners turned away thousands of attendees that never got to be near the rally.
This is pure political corruption at it’s finest. I was there- the super high energy crowd was there. they need to fire the BOK manager that oversaw this disaster. President Trump- we as the crowed tried, but with corrupt BOK management your crowd was downsized. We need a re-do without a crooked BOK building manager. On top of all that, even Uber was not accepting payments for any rides to the downtown area for the event. I hope this backfires on all the crooks.


investmentwatchblog--2020-06-25--RUSH: This case should not even have gotten as far as this. It’s absurd.

RUSH : All right .
So the big , big news here is that the U.S. Court of Appeals has granted Michael Flynn ’ s motion to force Judge Sullivan to dismiss the case .
Now , as a matter of law this is the only way this could have turned out .
But , see , there ’ s a problem .
“ As a matter of law ” is up to debate recently in this country .
This case should not even have gotten as far as this .
It ’ s absurd .
The Department of Justice @ @ @ @ @ @ @ had no evidence , they didn ’ t want to charge Flynn — that he had been set up .
And now we ’ ve got actual notes from Strzok Smirk that he was set up .
There was never a case .
It was always part of the coup to get rid of Donald Trump .
And so the Department of Justice under the Attorney General William Barr said , “ You know what ?
We ’ ve ruined this guy for no reason .
We ’ re gon na drop the @ @ @ @ @ @ @ the case , Emmet Sullivan , said , no way .
You don ’ t get to tell me what happens in this court .
But they do .
They are the prosecutors .
And if they decide they ’ re not gon na prosecute , Judge Sullivan is SOL .
There ’ s nothing he can do .
But he didn ’ t stop .
So this thing ends up , he goes and gets an amicus judge to file a friend of the court brief and it ’ s an anti-Flynn @ @ @ @ @ @ @ all the way up to the U.S. appeals court , and they have now ruled , they have granted Flynn ’ s motion to force Sullivan to dismiss the case .
However , ladies and gentlemen , Flynn will soon be cleared of all charges , and the spotlight will be back on Obama .
But wait .
There ’ s gon na be a lot of pressure on Sullivan to ignore this ruling .
There ’ s gon na be a lot of pressure on Sullivan to play this out as long @ @ @ @ @ @ @ Michael Flynn for some reason scares the heck out of these people .
The reason he had to be gotten rid of , Trump names him his national security adviser , and they had to find a way to get rid of Flynn because Flynn was well aware of everything they were doing , the coup .
And as national security adviser , he would be privy to everything Comey , Strzok Smirk , McCabe , Page , you name it , everything they were doing .
And he would have been able @ @ @ @ @ @ @ before they even got to hiring Mueller .
So he had to go .
They either had to find a way to get him fired , which they succeeded in doing .
Then they had to find a way to get him convicted , and they had to destroy him .
And they ’ re panicking right now — do not doubt me on this — because of what Flynn already knows .
And he ’ s well aware of what happened to him .
He ’ s well aware that he was @ @ @ @ @ @ @ after his son .
That ’ s why he pled guilty in the first place .
So here ’ s three things that Judge Sullivan can do .
Judge Sullivan could follow the court ’ s order and grant the motion to dismiss the Flynn case .
I don ’ t think that ’ s what he ’ s gon na do simply because I think there ’ s too much riding on Flynn , in their mind .
We ’ re talking about the establishment here .
We ’ re talking about @ @ @ @ @ @ @ Washington , the deep state , whatever term you use .
I think they ’ re still scared to death of what they think Flynn knows and what they fear Flynn might do with what he knows .
So Sullivan , like anybody else , like any other defendant — the judge is a freaking defendant , Mr. Snerdley , in a case that he won ’ t let go .
He could demand a full en banc ruling from the whole court .
This is a three-judge panel .
He could demand @ @ @ @ @ @ @ is an option .
So you get 21 , 22 , whatever number of judges , he could demand that they all hear it .
He could pretend the ruling wasn ’ t made .
He could just ignore this and just keep trucking along and use the media as a shield to cover the fact that this happened today and just ignore it .
I mean , this is a very high-profile case .
And if I had to guess , since they can ’ t let this go — and I @ @ @ @ @ @ @ I mean , I ’ ve got a ballpark idea as I ’ ve shared with you .
It ’ s just the general , overall concern of what Flynn knows and how he could use it .
( interruption ) Who ripped Sullivan a new one ?
Oh , it did , it ripped him a new one , but that doesn ’ t — I know it ripped him a new one .
I have a portion of it here in just a second .
But I wouldn ’ t be @ @ @ @ @ @ @ banc review by the full D.C .
Circuit Court of Appeals .
It would be a long shot .
Let me read to you from the ruling .
U.S. appeals court has granted Flynn ’ s motion to force Judge Sullivan to dismiss the case .
“ Because this is not the unusual case where a more searching inquiry is justified , and because there is no adequate remedy for the intrusion on ‘ the Executive ’ s long-settled primacy over charging decisions – ‘ ” This is the court saying there ’ @ @ @ @ @ @ @ s no remedy “ for the intrusion on ‘ the Executive ’ s long-settled primacy over charging decisions.
’ ” The DOJ decides who they ’ re gon na prosecute and who they ’ re not .
Judges don ’ t .
Separation of powers .
So they write .
“ We grant the petition for mandamus in part and order the district court to grant the government ’ s Rule 48 ( a ) motion to dismiss the charges against Flynn.
” Now , it ’ s a 2-1 ruling .
It @ @ @ @ @ @ @ regularity ” — that ’ s in quotes — that attaches to DOJ actions .
It notes that the new evidence submitted by the DOJ which led to move to dismiss charges should be treated as good faith .
From the ruling : “ Whatever the precise scope of Rule 48 ’ s ‘ leave of court ’ requirement , this is plainly not the rare case where further judicial inquiry is warranted .
To begin with , Flynn agrees with the government ’ s motion to dismiss , and there has been @ @ @ @ @ @ @ harassment .
Additionally , the government ’ s motion includes an extensive discussion of newly discovered evidence casting Flynn ’ s guilt into doubt .
… Specifically , the government points to evidence that the FBI interview at which Flynn allegedly made false statements was ‘ untethered to , and unjustified by , the FBI ’ s counterintelligence investigation into Mr. Flynn.
’ ” Meaning , the interview was bogus , meaning it was tied to nothing .
He ’ d done nothing .
It was a total setup .
And the appellate @ @ @ @ @ @ @ Flynn in the White House was a total — you remember how this happened ?
Comey bragged about it .
He sent Strzok Smirk and McCabe over there , or maybe wasn ’ t McCabe , somebody — the two of them over there to talk to Flynn , to actually do an interview of somebody they considered a perp .
But they didn ’ t tell Flynn that ’ s what this was .
So they show up without an appointment , they didn ’ t call the White House Office of @ @ @ @ @ @ @ permission , they just send these two agents over and Flynn thinks , “ Hey , we ’ re all on the same team , these FBI guys want to ask me about some things regarding my job , ” so he answers their questions .
And the questions they were asking him were perjury trap questions and any number of other chicanerous attempts to hornswoggle him .
This was after internal discussions at the FBI , that we now know about , where they ask each other , “ Well , what @ @ @ @ @ @ @ to get him fired , do we want to get him prosecuted , what do we want to do here ?
” And they decide , let ’ s do both .
And Comey bragged they had a new administration , they don ’ t know the ropes , they don ’ t know how things happen , it ’ s Trump , he ’ s an idiot , these people don ’ t know Washington .
Let ’ s send a couple agents up there , set the guy up .
It @ @ @ @ @ @ @ It ’ s what the court acknowledging happened .
The judge should have known this .
The judge should have known this whole thing was bogus .
This should never have gotten this far .
So back to the ruling .
And again , specifically the government points to evidence the FBI interview at which Flynn allegedly made false statements — by the way , Strzok Smirk said after the interview he didn ’ t think Flynn had lied .
The FBI ’ s counterintelligence investigation into Mr. Flynn was unjustified because there @ @ @ @ @ @ @ In light of this evidence , ” says the court , “ the government maintains it can not ‘ prove either the relevant false statements or their materiality beyond a reasonable doubt.
’ Id .
Insufficient evidence is a quintessential justification for dismissing charges.
” And the DOJ came long and they told the judge , “ We don ’ t have any evidence here .
This whole thing is a botched interview from the get-go.
” So it does excoriate Judge Sullivan in quite a few ways .
Now , yesterday the @ @ @ @ @ @ @ previously unseen communication that proves Flynn was set up .
And I think one reason the appeal court ruled — and it may have prompted the ruling today , I don ’ t know .
But this is big .
The DOJ finally released previously unseen communication that proved Flynn was set up .
It was a note , a handwritten note from Strzok Smirk .
These were not released with the letter about them to the court , but now they have been .
These are notes that were scribbled by hand @ @ @ @ @ @ @ That ’ s the day before the now famous meeting in the Oval Office with Obama and everybody .
It ’ s the meeting that Susan Rice wrote a memo about on Inauguration Day to backtrack .
Here are the notes .
And in this meeting is Biden and the president , Obama , is in these meetings .
Basically , according to Strzok ’ s notes detailing the January 5th meeting , Biden , according to Strzok Smirk , Biden explicitly mentioned using the Logan Act to go after Flynn .
What @ @ @ @ @ @ @ to the top was involved in this Flynn operation .
The FBI has asked , what do we do ?
Do we get him fired , do we get him prosecuted , what ’ s our objective ?
And they ’ re having this discussion the next day , the Oval Office .
And Strzok Smirk records that Biden explicitly mentioned using the Logan Act to go after Flynn .
Obama , according to Strzok Smirk , explicitly directed Comey and Sally Yates to investigate Flynn and to use the right people , @ @ @ @ @ @ @ him .
That ’ s the upshot of the notes from Strzok Smirk that were released yesterday , which now document that this whole thing , was a setup and that Biden was in on it .
So what implications are there gon na be , if any , for Biden ?
So the bottom line here is that Flynn ’ s gon na be cleared of all charges , and the spotlight will be back on Obama here .
And , folks , this is huge .
You remember the grief that @ @ @ @ @ @ @ when he announced the resignation of the U.S. attorney for the Southern District of New York , the now famous SDNY ?
I think as time has gone on people have been consumed with other things , the lockdown , the virus , the economy .
This scandal represents the epitome , this is the absolute biggest political scandal of your lifetime and mine .
It has outraged Attorney General Barr , believe me , as it should have .
It should outrage everybody .
It should do more than outrage everybody .
@ @ @ @ @ @ @ course , ignoring this and still talking about Bubba Wallace and the fake noose and all this other stuff .
But this is huge , folks .
They have been caught here every which way from Sunday .
It is dynamically huge .
There literally was a coup to oust a duly elected president .
So the question ’ s gon na be back to Obama , if anybody will ask it .
Why surveil and set up Flynn in why bring phony charges on Flynn ?
Why spy on the Trump national @ @ @ @ @ @ @ that team Obama was caused to abuse power and break laws to spy on and disrupt the Trump campaign , the transition and the presidency ?
And it ’ s ongoing even today as we speak .
They have not buried this operation .
Their first step in this coup was getting Flynn convicted and out of the picture so that he could not be a participant in anything .
RUSH : Now , look , folks , it ’ s not an insignificant thing that it was Joe Biden in that January @ @ @ @ @ @ @ who suggested using the Logan Act to go after Flynn .
This is this law from the 1800s that has never been used on anybody because it ’ s always been thought to be weak and not even constitutional .
And it ’ s never been used .
But the fact it was Biden who suggested it , that puts him front and center along with Obama right here in the top tier of the people running this coup operation .
This is not an insignificant thing .
There ’ s one other @ @ @ @ @ @ @ , and that is Flynn ’ s attorney , Sidney Powell .
Now , you remember she wrote a book that was just astounding about the Department of Justice and the corruption there , particularly as it related to the Enron task force , the DOJ lawyers on the Enron task force , the people that they falsely charged , falsely accused , ended up putting in jail .
They destroyed an accounting firm .
They literally destroyed an accounting firm , Arthur Andersen .
Arthur Andersen had done nothing .
They were @ @ @ @ @ @ @ leader of this task force and he happens to be the number one investigator in the Mueller investigative team , hired by MSNBC as an analyst , and she just was tenacious in explaining the levels of corruption at the DOJ that people would never believe .
The Ted Stevens case , she highlights it in detail how he was literally railroaded simply to get his Senate seat .
It describes how the leading witness in this case , a contractor claimed that Ted Stevens tried to get out of paying the contractor @ @ @ @ @ @ @ .
The contractor ’ s testimony was made up .
He was told to recite , which is a legal term , you recite what the prosecutor tells you .
It was not actual evidence .
It was made up , and it worked .
And then when this case was enlightened and when people found out what happened they took it to the judge who happened to be Emmet Sullivan .
Emmet Sullivan threw the case out , exonerated Stevens .
Stevens was long gone , chastised these reporters for prosecutorial misconduct @ @ @ @ @ @ @ made this current Flynn case with Judge Sullivan even the more curious because it was Judge Sullivan who found out all of the corruption and all of the lying and all the prosecutorial misconduct that had occurred in the Ted Stevens case by these same lawyers and during the Enron case by these same lawyers .
It means that Judge Sullivan should have been among the first to be suspicious of the Flynn charges in the whole case rather than going to the mattresses and staking his career on Flynn going to jail @ @ @ @ @ @ @ s one of the most amazing things .
It has to be because the fear the Washington establishment has of Michael Flynn .
I still don ’ t know the scope of it .
We ’ re only free to ask .
But the point is none of this would have happened without Sidney Powell .
She ended up taking Flynn ’ s case when she knew he had no money .
There ’ s a GoFundMe page , and we ’ ve highlighted it at RushLimbaugh.com .
He was literally wiped out @ @ @ @ @ @ @ ’ s a decorated military service hero served as the director of the Defense Intelligence Agency , which is the military ’ s version of the CIA , had their own intel group .
Of course there ’ s some incompatibility there .
Sidney Powell ’ s book , Amazon wouldn ’ t even sell it when it was first published .
Eventually they did make it available .
But I ’ m telling you it was a brilliant , brilliant piece of lawyering .
And it ’ s rooted in , in @ @ @ @ @ @ @ who just refuses to be intimidated by anybody on the left , the judge , the lawyers , the government , she refused to be intimidated , and in fact she became the intimidator .
She became the person they were all afraid of .
She is the reason that Michael Flynn is not going to face charges .
So you might say , “ Well , who were his original attorneys ?
” Hey , they were great examples of Washington inside the Beltway white-shoe firm .
They were the creme de @ @ @ @ @ @ @ you could get .
They were the most expensive you could get .
And what did they do ?
They told Flynn the best he could do was plead guilty and stop the bleeding .
And he say , “ Well , wait a minute , now , how is that adequately representing the client ?
” Well , lawyers are like anybody else , they have a future .
They want to get paid now , and they want to have clients in the future .
And they don ’ t want @ @ @ @ @ @ @ state or the establishment or whatever .
I mean , they ’ re in it .
So they played the game .
They went along with it .
“ The easiest thing for you to do , Mr .
Client , is simply take the deal.
” They apparently didn ’ t lift a finger to actually push back or work for Flynn .
I can ’ t imagine the frustration Flynn felt as they ’ re sending him their bills and the billable hours keep piling up and eventually they say , @ @ @ @ @ @ @ pay us any more ’ cause you don ’ t have any money so you may as well settle .
This is the best we ’ re gon na be able to get.
” Well , it wasn ’ t anywhere near the best .
But this is an object lesson in pushing back , being fearless , and not accepting that the establishment can not be dealt with , that they can not be defeated .
This is a tour de force that Sidney Powell has pulled off here .
And the @ @ @ @ @ @ @ effort they engaged in to intimidate — by the way , she ’ s been in their crosshairs since that book of hers came out .
I ’ m having a mental block on the title or I would have told you what the title is .
I ’ ll get it here in the break , just mental block .
But it really is an exemplary piece of work , tenaciousness , commitment , knowing that she had right and the law on her side .
Licensed to Lie .
Perfect title @ @ @ @ @ @ @ ’ t put it down .
It reads like a fiction novel except that it isn ’ t .
Boggled my mind .
I interviewed her for the newsletter after I had finished the book .
She was astounded that it made no waves .
And I said to her , “ You know , this is common .
I ’ ve talked to people who have written what they think are explosive exposes and bombshell books and they ’ re reacted to with barely a ripple in the public.
” But she @ @ @ @ @ @ @ .
She calls people out .
Flynn ’ s original attorney was the Covington firm .
That ’ s Eric Holder ’ s firm in Washington .
You know , Flynn went for establishment types .
It ’ s what he thought was his best decision .
So , anyway , there ’ s so much to learn in this Flynn case of not quitting , not giving up , pushing back , that they are not invincible on the other side , that they are beatable .
RUSH : Okay .
Let @ @ @ @ @ @ @ .
It ’ s been awhile .
I appreciate your patience .
We got Tom here in central New York .
Welcome , sir .
CALLER : Good afternoon , Rush .
It ’ s great to talk to you .
I ’ ve been an avid listener since about 1990 when I was down in Tampa , Florida .
By the way , you sound fantastic .
It ’ s just… I love to hear you .
When you come on your show , you ’ re just on the top of @ @ @ @ @ @ @ are with you .
RUSH : Thank you , sir , very much .
CALLER : Thank you .
You know , this Judge Sullivan situation ( big sigh ) , I just can ’ t help… I feel and I think so many of your listeners were just so frustrated that we see this , I think , corrupt judge that probably has a history of engaging in things like this .
But nobody ’ s holding him accountable .
Who does he answer to ?
You know , quickly , not @ @ @ @ @ @ @ He answers to the Circuit Court of Appeals in this case .
CALLER : Okay , and ( big sigh ) it ’ s just a perverted game that ’ s being played by federal agencies in plain sight .
It ’ s like a game of tennis that goes back and forth and back and forth , and I ’ m just so worried that , you know , God forbid if something happened this fall where Trump didn ’ t get reelected , I foresee that they ’ ll do anything @ @ @ @ @ @ @ this General Flynn and send him , ultimately , to prison .
It ’ s just so perverted , and I think everybody ’ s so frustrated — RUSH : Well , let me alleviate your fears a little bit .
If that happens — if Trump is not reelected — then I think they ’ re gon na be focusing all of their energies and attentions on putting Trump in jail .
They may go after Flynn and so forth .
But , look , that ’ s gon na be the @ @ @ @ @ @ @ suggest happens .
Thanks for the call , Tom , and I really appreciate your comments .

via rushlimbaugh:
RUSH: All right. So the big, big news here is that the U.S. Court of Appeals has granted Michael Flynn’s motion to force Judge Sullivan to dismiss the case. Now, as a matter of law this is the only way this could have turned out. But, see, there’s a problem. “As a matter of law” is up to debate recently in this country. This case should not even have gotten as far as this. It’s absurd. The Department of Justice, the executive branch, decided they had no evidence, they didn’t want to charge Flynn — that he had been set up.
And now we’ve got actual notes from Strzok Smirk that he was set up. There was never a case. It was always part of the coup to get rid of Donald Trump. And so the Department of Justice under the Attorney General William Barr said, “You know what? We’ve ruined this guy for no reason. We’re gonna drop the charges.” Well, the judge in the case, Emmet Sullivan, said, no way. You don’t get to tell me what happens in this court.
But they do. They are the prosecutors. And if they decide they’re not gonna prosecute, Judge Sullivan is SOL. There’s nothing he can do. But he didn’t stop. So this thing ends up, he goes and gets an amicus judge to file a friend of the court brief and it’s an anti-Flynn, anti-Trump guy. And it goes all the way up to the U.S. appeals court, and they have now ruled, they have granted Flynn’s motion to force Sullivan to dismiss the case.
However, ladies and gentlemen, Flynn will soon be cleared of all charges, and the spotlight will be back on Obama. But wait. There’s gonna be a lot of pressure on Sullivan to ignore this ruling. There’s gonna be a lot of pressure on Sullivan to play this out as long as they can, past November. Michael Flynn for some reason scares the heck out of these people. The reason he had to be gotten rid of, Trump names him his national security adviser, and they had to find a way to get rid of Flynn because Flynn was well aware of everything they were doing, the coup.
And as national security adviser, he would be privy to everything Comey, Strzok Smirk, McCabe, Page, you name it, everything they were doing. And he would have been able to blow the whistle on this long before they even got to hiring Mueller. So he had to go. They either had to find a way to get him fired, which they succeeded in doing. Then they had to find a way to get him convicted, and they had to destroy him. And they’re panicking right now — do not doubt me on this — because of what Flynn already knows. And he’s well aware of what happened to him. He’s well aware that he was bankrupted, that they threatened to go after his son. That’s why he pled guilty in the first place.
So here’s three things that Judge Sullivan can do. Judge Sullivan could follow the court’s order and grant the motion to dismiss the Flynn case. I don’t think that’s what he’s gonna do simply because I think there’s too much riding on Flynn, in their mind. We’re talking about the establishment here. We’re talking about the elites, the political class in Washington, the deep state, whatever term you use. I think they’re still scared to death of what they think Flynn knows and what they fear Flynn might do with what he knows.
So Sullivan, like anybody else, like any other defendant — the judge is a freaking defendant, Mr. Snerdley, in a case that he won’t let go. He could demand a full en banc ruling from the whole court. This is a three-judge panel. He could demand every judge hear the case. This is an option. So you get 21, 22, whatever number of judges, he could demand that they all hear it. He could pretend the ruling wasn’t made. He could just ignore this and just keep trucking along and use the media as a shield to cover the fact that this happened today and just ignore it.
I mean, this is a very high-profile case. And if I had to guess, since they can’t let this go — and I really wish I knew exactly why. I mean, I’ve got a ballpark idea as I’ve shared with you. It’s just the general, overall concern of what Flynn knows and how he could use it. (interruption) Who ripped Sullivan a new one? Oh, it did, it ripped him a new one, but that doesn’t — I know it ripped him a new one. I have a portion of it here in just a second.
But I wouldn’t be surprised if he demands the full en banc review by the full D.C. Circuit Court of Appeals. It would be a long shot. Let me read to you from the ruling. U.S. appeals court has granted Flynn’s motion to force Judge Sullivan to dismiss the case. “Because this is not the unusual case where a more searching inquiry is justified, and because there is no adequate remedy for the intrusion on ‘the Executive’s long-settled primacy over charging decisions –‘” This is the court saying there’s no dispute here. There’s no remedy “for the intrusion on ‘the Executive’s long-settled primacy over charging decisions.’”
The DOJ decides who they’re gonna prosecute and who they’re not. Judges don’t. Separation of powers. So they write. “We grant the petition for mandamus in part and order the district court to grant the government’s Rule 48(a) motion to dismiss the charges against Flynn.” Now, it’s a 2-1 ruling. It focused heavily on “the presumption of regularity” — that’s in quotes — that attaches to DOJ actions. It notes that the new evidence submitted by the DOJ which led to move to dismiss charges should be treated as good faith.
From the ruling: “Whatever the precise scope of Rule 48’s ‘leave of court’ requirement, this is plainly not the rare case where further judicial inquiry is warranted. To begin with, Flynn agrees with the government’s motion to dismiss, and there has been no allegation that the motion reflects prosecutorial harassment. Additionally, the government’s motion includes an extensive discussion of newly discovered evidence casting Flynn’s guilt into doubt. … Specifically, the government points to evidence that the FBI interview at which Flynn allegedly made false statements was ‘untethered to, and unjustified by, the FBI’s counterintelligence investigation into Mr. Flynn.’”
Meaning, the interview was bogus, meaning it was tied to nothing. He’d done nothing. It was a total setup. And the appellate court is recognizing that that interview of Flynn in the White House was a total — you remember how this happened? Comey bragged about it. He sent Strzok Smirk and McCabe over there, or maybe wasn’t McCabe, somebody — the two of them over there to talk to Flynn, to actually do an interview of somebody they considered a perp. But they didn’t tell Flynn that’s what this was.
So they show up without an appointment, they didn’t call the White House Office of Counsel, they didn’t get permission, they just send these two agents over and Flynn thinks, “Hey, we’re all on the same team, these FBI guys want to ask me about some things regarding my job,” so he answers their questions.
And the questions they were asking him were perjury trap questions and any number of other chicanerous attempts to hornswoggle him. This was after internal discussions at the FBI, that we now know about, where they ask each other, “Well, what do we want, do we want to get him fired, do we want to get him prosecuted, what do we want to do here?”
And they decide, let’s do both. And Comey bragged they had a new administration, they don’t know the ropes, they don’t know how things happen, it’s Trump, he’s an idiot, these people don’t know Washington. Let’s send a couple agents up there, set the guy up. It’s exactly what they did. It’s what the court acknowledging happened. The judge should have known this. The judge should have known this whole thing was bogus. This should never have gotten this far.
So back to the ruling. And again, specifically the government points to evidence the FBI interview at which Flynn allegedly made false statements — by the way, Strzok Smirk said after the interview he didn’t think Flynn had lied. The FBI’s counterintelligence investigation into Mr. Flynn was unjustified because there was nothing to tether to.
“In light of this evidence,” says the court, “the government maintains it cannot ‘prove either the relevant false statements or their materiality beyond a reasonable doubt.’ Id. Insufficient evidence is a quintessential justification for dismissing charges.” And the DOJ came long and they told the judge, “We don’t have any evidence here. This whole thing is a botched interview from the get-go.” So it does excoriate Judge Sullivan in quite a few ways.
Now, yesterday the DOJ released previously unseen communications — a previously unseen communication that proves Flynn was set up. And I think one reason the appeal court ruled — and it may have prompted the ruling today, I don’t know. But this is big. The DOJ finally released previously unseen communication that proved Flynn was set up. It was a note, a handwritten note from Strzok Smirk. These were not released with the letter about them to the court, but now they have been.
These are notes that were scribbled by hand by Strzok Smirk on January 5th. That’s the day before the now famous meeting in the Oval Office with Obama and everybody. It’s the meeting that Susan Rice wrote a memo about on Inauguration Day to backtrack.
Here are the notes. And in this meeting is Biden and the president, Obama, is in these meetings. Basically, according to Strzok’s notes detailing the January 5th meeting, Biden, according to Strzok Smirk, Biden explicitly mentioned using the Logan Act to go after Flynn. What this means is that the Obama administration to the top was involved in this Flynn operation.
The FBI has asked, what do we do? Do we get him fired, do we get him prosecuted, what’s our objective? And they’re having this discussion the next day, the Oval Office. And Strzok Smirk records that Biden explicitly mentioned using the Logan Act to go after Flynn. Obama, according to Strzok Smirk, explicitly directed Comey and Sally Yates to investigate Flynn and to use the right people, quote, unquote, to go after him. That’s the upshot of the notes from Strzok Smirk that were released yesterday, which now document that this whole thing, was a setup and that Biden was in on it.
So what implications are there gonna be, if any, for Biden? So the bottom line here is that Flynn’s gonna be cleared of all charges, and the spotlight will be back on Obama here. And, folks, this is huge. You remember the grief that Attorney General Barr got into last week when he announced the resignation of the U.S. attorney for the Southern District of New York, the now famous SDNY?
I think as time has gone on people have been consumed with other things, the lockdown, the virus, the economy. This scandal represents the epitome, this is the absolute biggest political scandal of your lifetime and mine. It has outraged Attorney General Barr, believe me, as it should have. It should outrage everybody. It should do more than outrage everybody.
And the media here is, of course, ignoring this and still talking about Bubba Wallace and the fake noose and all this other stuff. But this is huge, folks. They have been caught here every which way from Sunday. It is dynamically huge. There literally was a coup to oust a duly elected president. So the question’s gonna be back to Obama, if anybody will ask it. Why surveil and set up Flynn in why bring phony charges on Flynn? Why spy on the Trump national security adviser?
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What was so important that team Obama was caused to abuse power and break laws to spy on and disrupt the Trump campaign, the transition and the presidency? And it’s ongoing even today as we speak. They have not buried this operation. Their first step in this coup was getting Flynn convicted and out of the picture so that he could not be a participant in anything.
BREAK TRANSCRIPT
RUSH: Now, look, folks, it’s not an insignificant thing that it was Joe Biden in that January 5th meeting in the Obama Oval Office who suggested using the Logan Act to go after Flynn. This is this law from the 1800s that has never been used on anybody because it’s always been thought to be weak and not even constitutional. And it’s never been used. But the fact it was Biden who suggested it, that puts him front and center along with Obama right here in the top tier of the people running this coup operation. This is not an insignificant thing.
There’s one other thing that needs to be mentioned here, and that is Flynn’s attorney, Sidney Powell. Now, you remember she wrote a book that was just astounding about the Department of Justice and the corruption there, particularly as it related to the Enron task force, the DOJ lawyers on the Enron task force, the people that they falsely charged, falsely accused, ended up putting in jail. They destroyed an accounting firm. They literally destroyed an accounting firm, Arthur Andersen.
Arthur Andersen had done nothing. They were literally destroyed. Andrew Weissmann was the leader of this task force and he happens to be the number one investigator in the Mueller investigative team, hired by MSNBC as an analyst, and she just was tenacious in explaining the levels of corruption at the DOJ that people would never believe.
The Ted Stevens case, she highlights it in detail how he was literally railroaded simply to get his Senate seat. It describes how the leading witness in this case, a contractor claimed that Ted Stevens tried to get out of paying the contractor $115,000. They made it up. The contractor’s testimony was made up. He was told to recite, which is a legal term, you recite what the prosecutor tells you. It was not actual evidence. It was made up, and it worked.
And then when this case was enlightened and when people found out what happened they took it to the judge who happened to be Emmet Sullivan. Emmet Sullivan threw the case out, exonerated Stevens. Stevens was long gone, chastised these reporters for prosecutorial misconduct. By the way, this has made this current Flynn case with Judge Sullivan even the more curious because it was Judge Sullivan who found out all of the corruption and all of the lying and all the prosecutorial misconduct that had occurred in the Ted Stevens case by these same lawyers and during the Enron case by these same lawyers.
It means that Judge Sullivan should have been among the first to be suspicious of the Flynn charges in the whole case rather than going to the mattresses and staking his career on Flynn going to jail and charges being pressed. It’s one of the most amazing things. It has to be because the fear the Washington establishment has of Michael Flynn. I still don’t know the scope of it. We’re only free to ask.
But the point is none of this would have happened without Sidney Powell. She ended up taking Flynn’s case when she knew he had no money. There’s a GoFundMe page, and we’ve highlighted it at RushLimbaugh.com. He was literally wiped out. He was literally ruined. He’s a decorated military service hero served as the director of the Defense Intelligence Agency, which is the military’s version of the CIA, had their own intel group. Of course there’s some incompatibility there.
Sidney Powell’s book, Amazon wouldn’t even sell it when it was first published. Eventually they did make it available. But I’m telling you it was a brilliant, brilliant piece of lawyering. And it’s rooted in, in the case of Sidney Powell, somebody who just refuses to be intimidated by anybody on the left, the judge, the lawyers, the government, she refused to be intimidated, and in fact she became the intimidator.
She became the person they were all afraid of. She is the reason that Michael Flynn is not going to face charges. So you might say, “Well, who were his original attorneys?” Hey, they were great examples of Washington inside the Beltway white-shoe firm. They were the creme de la creme, they were the best you could get. They were the most expensive you could get. And what did they do? They told Flynn the best he could do was plead guilty and stop the bleeding. And he say, “Well, wait a minute, now, how is that adequately representing the client?”
Well, lawyers are like anybody else, they have a future. They want to get paid now, and they want to have clients in the future. And they don’t want to tick off anybody in the deep state or the establishment or whatever. I mean, they’re in it. So they played the game. They went along with it. “The easiest thing for you to do, Mr. Client, is simply take the deal.” They apparently didn’t lift a finger to actually push back or work for Flynn.
I can’t imagine the frustration Flynn felt as they’re sending him their bills and the billable hours keep piling up and eventually they say, “Look, you can’t pay us any more ’cause you don’t have any money so you may as well settle. This is the best we’re gonna be able to get.” Well, it wasn’t anywhere near the best. But this is an object lesson in pushing back, being fearless, and not accepting that the establishment cannot be dealt with, that they cannot be defeated.
This is a tour de force that Sidney Powell has pulled off here. And the key to it is, despite every effort they engaged in to intimidate — by the way, she’s been in their crosshairs since that book of hers came out. I’m having a mental block on the title or I would have told you what the title is. I’ll get it here in the break, just mental block. But it really is an exemplary piece of work, tenaciousness, commitment, knowing that she had right and the law on her side.
Licensed to Lie. Perfect title, Licensed to Lie. I couldn’t put it down. It reads like a fiction novel except that it isn’t. Boggled my mind. I interviewed her for the newsletter after I had finished the book. She was astounded that it made no waves. And I said to her, “You know, this is common. I’ve talked to people who have written what they think are explosive exposes and bombshell books and they’re reacted to with barely a ripple in the public.”
But she was really — because she names names. She calls people out. Flynn’s original attorney was the Covington firm. That’s Eric Holder’s firm in Washington. You know, Flynn went for establishment types. It’s what he thought was his best decision. So, anyway, there’s so much to learn in this Flynn case of not quitting, not giving up, pushing back, that they are not invincible on the other side, that they are beatable.
BREAK TRANSCRIPT
RUSH: Okay. Let’s go back to the phones. It’s been awhile. I appreciate your patience. We got Tom here in central New York. Welcome, sir.
CALLER: Good afternoon, Rush. It’s great to talk to you. I’ve been an avid listener since about 1990 when I was down in Tampa, Florida. By the way, you sound fantastic. It’s just… I love to hear you. When you come on your show, you’re just on the top of your game. Our thoughts and prayers are with you.
RUSH: Thank you, sir, very much.
CALLER: Thank you. You know, this Judge Sullivan situation (big sigh), I just can’t help… I feel and I think so many of your listeners were just so frustrated that we see this, I think, corrupt judge that probably has a history of engaging in things like this. But nobody’s holding him accountable. Who does he answer to? You know, quickly, not two years from now.
RUSH: He answers to the Circuit Court of Appeals in this case.
CALLER: Okay, and (big sigh) it’s just a perverted game that’s being played by federal agencies in plain sight. It’s like a game of tennis that goes back and forth and back and forth, and I’m just so worried that, you know, God forbid if something happened this fall where Trump didn’t get reelected, I foresee that they’ll do anything in their power to try to retry this General Flynn and send him, ultimately, to prison. It’s just so perverted, and I think everybody’s so frustrated —
RUSH: Well, let me alleviate your fears a little bit. If that happens — if Trump is not reelected — then I think they’re gonna be focusing all of their energies and attentions on putting Trump in jail. They may go after Flynn and so forth. But, look, that’s gonna be the least of our concerns if what you suggest happens. Thanks for the call, Tom, and I really appreciate your comments.


investmentwatchblog--2020-06-25--Democrats Offer MOBS NOT JOBS as MANUFACTURED COLLAPSE Approaches

Do you want mobs , or jobs ?
Bob Kudla returns to SGT report to discuss the madness of the @ @ @ @ @ the social media giants and the Fed .
And here ’ s a tip , @ @ @ @ @ Bitcoin is heading to $ 250K .
Thanks for tuning in .

Do you want mobs, or jobs?
Bob Kudla interviewed by Sean on SGTreport
We are primarily funded by readers. Please subscribe and donate to support us!
Bob Kudla returns to SGT report to discuss the madness of the mobs, the Dems, the social media giants and the Fed. And here’s a tip, if Bob is right, Bitcoin is heading to $250K. Thanks for tuning in.


investmentwatchblog--2020-06-25--IT WOULD TAKE A HEART OF STONE NOT TO LAUGH:

A Minneapolis Neighborhood Vowed to Check Its Privilege .
It ’ s Already Being Tested .
After the death of George Floyd at the hands of the police , Ms. Albers , who is white , and many of her progressive neighbors have vowed to avoid calling law enforcement into their community .
Doing so , they believed , would add to the pain that black residents of Minneapolis were feeling and could put them in danger .
Already , that commitment is being challenged .
Two weeks ago , dozens of multicolored tents appeared in the neighborhood park .
@ @ @ @ @ @ @ were displaced during the unrest that gripped the city .
The multiracial group of roughly 300 new residents seems to grow larger and more entrenched every day .
They do laundry , listen to music and strategize about how to find permanent housing .
Some are hampered by mental illness , addiction or both .
Their presence has drawn heavy car traffic into the neighborhood , some from drug dealers .
At least two residents have overdosed in the encampment and had to be taken away in ambulances .
The influx of outsiders @ @ @ @ @ @ @ .
Though it is unlikely to happen , she has had visions of people from the tent camp forcing their way into her home .
She imagines using a baseball bat to defend herself .
Not being able to call the police , as she has done for decades , has shaken her .
“ I am afraid , ” she said .
“ I know my neighbors are around , but I ’ m not feeling grounded in my city at all .
Anything could happen .
”

A Minneapolis Neighborhood Vowed to Check Its Privilege. It’s Already Being Tested.
After the death of George Floyd at the hands of the police, Ms. Albers, who is white, and many of her progressive neighbors have vowed to avoid calling law enforcement into their community. Doing so, they believed, would add to the pain that black residents of Minneapolis were feeling and could put them in danger.
Already, that commitment is being challenged. Two weeks ago, dozens of multicolored tents appeared in the neighborhood park. They were brought by homeless people who were displaced during the unrest that gripped the city. The multiracial group of roughly 300 new residents seems to grow larger and more entrenched every day. They do laundry, listen to music and strategize about how to find permanent housing. Some are hampered by mental illness, addiction or both.
Their presence has drawn heavy car traffic into the neighborhood, some from drug dealers. At least two residents have overdosed in the encampment and had to be taken away in ambulances.
The influx of outsiders has kept Ms. Albers awake at night. Though it is unlikely to happen, she has had visions of people from the tent camp forcing their way into her home. She imagines using a baseball bat to defend herself.
Not being able to call the police, as she has done for decades, has shaken her.
“I am afraid,” she said. “I know my neighbors are around, but I’m not feeling grounded in my city at all. Anything could happen.”


investmentwatchblog--2020-06-25--Tesla ranks dead last in JD Power survey

JD Power scored Tesla vehicles the worst among 32 major brands in its annual quality study .
It ’ s @ @ @ @ @ ’ s cars have been ranked by the influential customer survey now in its 34th @ @ @ @ @ JD Power Initial Quality Study , which measures vehicle quality in the first 90 days @ @ @ @ @ suffered 250 problems per 100 vehicles as reported by customers , compared to an industry @ @ @ @ @ Land Rover was the second-worst-performing brand with 228 problems per 100 vehicles .
Dodge and @ @ @ @ @ top-rated brand with just 136 issues per 100 vehicles .
The new study is based @ @ @ @ @ and lessees of new 2020 model-year vehicles .
It was fielded from February through March @ @ @ @ @ news of a National Highway Traffic Safety Administration ( NHTSA ) investigation into early Model @ @ @ @ @ a separate report claiming early Model S cars shipped with a dangerous battery pack flaw @

Enjoy your overpriced jalopies.
JD Power scored Tesla vehicles the worst among 32 major brands in its annual quality study. It’s the first time that Tesla’s cars have been ranked by the influential customer survey now in its 34th year.
According to the JD Power Initial Quality Study, which measures vehicle quality in the first 90 days of ownership, Tesla cars suffered 250 problems per 100 vehicles as reported by customers, compared to an industry average of 166 problems. Land Rover was the second-worst-performing brand with 228 problems per 100 vehicles. Dodge and Kia were tied for the top-rated brand with just 136 issues per 100 vehicles.
The new study is based on responses from 87,282 purchasers and lessees of new 2020 model-year vehicles. It was fielded from February through March 2020. The results follow news of a National Highway Traffic Safety Administration (NHTSA) investigation into early Model S touchscreen failures, and a separate report claiming early Model S cars shipped with a dangerous battery pack flaw.


investmentwatchblog--2020-06-25--I See A Pattern Here

I See A Pattern Here

It ’ s raw numbers which is why you should use per capita measurements .
Blacks score so high in @ @ @ @ @ with the police more ( aka commit more crime ) Per Capita Fact : for @ @ @ @ @ with the police 4 are killed ; For every 10K blacks 3 are killed Using @ @ @ @ @ say things like : * police kill 33 % more whites than blacks per 10,000 @ @ @ @ @ race ) with police * police kill 3/4ths as many blacks as whites per 10,000 @ @ @ @ @

by Venus230
It’s raw numbers which is why you should use per capita measurements.
i.e.
Blacks score so high in raw numbers because they interact with the police more (aka commit more crime)
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Per Capita Fact: for every 10K whites who interact with the police 4 are killed; For every 10K blacks 3 are killed
Using per capita numbers you can say things like:
* police kill 33% more whites than blacks per 10,000 interactions (of the same race) with police
* police kill 3/4ths as many blacks as whites per 10,000 interactions of the same race


investmentwatchblog--2020-06-25--Trump is ending funding and support for local COVID-19 testing sites around the U.S. this month.

The Trump admin is ending funding and support for local COVID-19 testing sites around the U.S. this month .
The @ @ @ @ @ money and support for 13 sites across five states which were set up in the @ @ @ @ @ .
t.co/GLlLCiseRU

The Trump admin is ending funding and support for local COVID-19 testing sites around the U.S. this month.
The federal government will stop providing money and support for 13 sites across five states which were set up in the first months of the pandemic. t.co/GLlLCiseRU
— Kyle Griffin (@kylegriffin1) June 23, 2020


investmentwatchblog--2020-06-25--Voting booth provided writing untencils ink disappears when hit with lighter

Everyone should bring their own pen .

Everyone should bring their own pen.
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RT!!This is how elections are won by the DS!!RT pic.twitter.com/2xbpmHR1SR — 17grasshopper17 (@grasshopperxcc) June 24, 2020
UFS


investmentwatchblog--2020-06-25--BLACK LIVES MATTER UNTIL THEY DON’T: Senate Democrats Block Republican Police Reform Legislation.

Senate Democrats blocked a Republican police reform bill on a procedural vote Wednesday without debating the legislation .
The vote needed 60 votes in order for it to move forward to a debate .
The vote was 55-45 .
Senate Majority Leader Mitch McConnell filed cloture Monday on the Republican police reform legislation , setting up Wednesday ’ s vote .
Republicans needed seven or more Democrats to vote with them in order for the legislation to advance .
Senate Republicans released their police reform legislation the previous Wednesday in response to the killing of George Floyd and the ongoing @ @ @ @ @ @ @ in Washington D.C. that are reportedly agonizing over whether to block a discussion of police reform or let it proceed seem to be our Senate Democratic colleagues , ” McConnell said on the Senate floor Monday .
“ I hope that whatever strange political calculations are making this difficult for our friends across the aisle will yield to common sense and to the American people ’ s hunger for progress .
We will find out when we vote later this week.
” Republican South Carolina Sen. Tim Scott and McConnell introduced the legislation @ @ @ @ @

via dailycaller
Senate Democrats blocked a Republican police reform bill on a procedural vote Wednesday without debating the legislation.
The vote needed 60 votes in order for it to move forward to a debate. The vote was 55-45. Senate Majority Leader Mitch McConnell filed cloture Monday on the Republican police reform legislation, setting up Wednesday’s vote.
Republicans needed seven or more Democrats to vote with them in order for the legislation to advance. Senate Republicans released their police reform legislation the previous Wednesday in response to the killing of George Floyd and the ongoing protests.
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“The only group left in Washington D.C. that are reportedly agonizing over whether to block a discussion of police reform or let it proceed seem to be our Senate Democratic colleagues,” McConnell said on the Senate floor Monday. “I hope that whatever strange political calculations are making this difficult for our friends across the aisle will yield to common sense and to the American people’s hunger for progress. We will find out when we vote later this week.”
Republican South Carolina Sen. Tim Scott and McConnell introduced the legislation in a press conference.
h/t SG


investmentwatchblog--2020-06-25--Tucker Carlson: “These are definitely not protesters, they are not even rioters They are armed milit

There was a third shooting at the CHOP zone Tuesday morning , but @ ABC , @ CBSNews , and @ NBCNews refused to cover it The west was wild again .
With the so-called “ Capital Hill Occupy Protest ” ( CHOP ) being the source of numerous accounts of arson , assaults , burglaries , property destruction , a rape , and three shootings , it ’ s no wonder that Seattle ’ s mayor , Jenny Durkan ( D ) had finally had enough of the “ summer of love ” and vowed to dismantle the “ @ @ @ @ @ @ @ went unnoticed by ABC , CBS , and NBC on Tuesday , even though the latest shooting occurred before their morning shows went to air .
As NewsBusters reported on Monday , the broadcast networks weren ’ t interested in covering the multiple shootings that had happened at the so-called “ mostly peaceful protest.
” One of the shootings had left a black teenager dead .
But while these national news outlets were trying to hide the violence from their viewers , their local affiliates were keeping people informed .
As KING 5 @ @ @ @ @ @ @ : A man in his 30s was injured Tuesday morning in the third shooting since Saturday near the “ Capitol Hill Organized Protest ” zone , also known as CHOP .
The Seattle Police Department ( SPD ) started to receive 911 calls at 4:37 a.m. about a man that had been shot in the 1100 block of East Denny Way , according to a SPD Blotter post .
The location is by the northeast corner of Cal Anderson Park , which is near the CHOP .
OPENING THE FLOODGATES ?
Court : @ @ @ @ @ @ @ organizer .
“ A Louisiana police officer injured during protests over the 2016 killing of a black man can sue a Black Lives Matter organizer on the grounds he acted negligently by leading people to block a highway , a federal appeals court has ruled .
”

Tucker Carlson: “These are definitely not protesters, they are not even rioters They are armed militia of the Democratic party.” pic.twitter.com/cIDIPbGbcb — TV News HQ (@TVNewsHQ) June 25, 2020
Tucker Carlson: "These people are idiots. The angry children you watch set fire to Wendy's & topple statues & scream at you on television day after day are truly and utterly stupid. There has probably never been a dumber group gathered in one place in all of American history." pic.twitter.com/jzn9tF0DBX — The Columbia Bugle 🇺🇸 (@ColumbiaBugle) June 25, 2020
There was a third shooting at the CHOP zone Tuesday morning, but @ABC , @CBSNews , and @NBCNews refused to cover it
The west was wild again. With the so-called “Capital Hill Occupy Protest” (CHOP) being the source of numerous accounts of arson, assaults, burglaries, property destruction, a rape, and three shootings, it’s no wonder that Seattle’s mayor, Jenny Durkan (D) had finally had enough of the “summer of love” and vowed to dismantle the “autonomous zone.” But all of that went unnoticed by ABC, CBS, and NBC on Tuesday, even though the latest shooting occurred before their morning shows went to air.
As NewsBusters reported on Monday, the broadcast networks weren’t interested in covering the multiple shootings that had happened at the so-called “mostly peaceful protest.” One of the shootings had left a black teenager dead.
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But while these national news outlets were trying to hide the violence from their viewers, their local affiliates were keeping people informed. As KING 5, an NBC affiliate, reported Tuesday:
A man in his 30s was injured Tuesday morning in the third shooting since Saturday near the “Capitol Hill Organized Protest” zone, also known as CHOP. The Seattle Police Department (SPD) started to receive 911 calls at 4:37 a.m. about a man that had been shot in the 1100 block of East Denny Way, according to a SPD Blotter post. The location is by the northeast corner of Cal Anderson Park, which is near the CHOP.
OPENING THE FLOODGATES? Court: Injured officer can sue Black Lives Matter organizer. “A Louisiana police officer injured during protests over the 2016 killing of a black man can sue a Black Lives Matter organizer on the grounds he acted negligently by leading people to block a highway, a federal appeals court has ruled.”


investmentwatchblog--2020-06-25--“Rules DON’T matter in here apparently”: CHAOS as Reps & Dems GO AT IT during House hearing as they

“Rules DON’T matter in here apparently”: CHAOS as Reps & Dems GO AT IT during House hearing as they try to cover Ukrane broadcasting Charges against Joe Biden today

At this point throw them all in prison for life .
No trial needed .
They are ADAMANTLY AGAINST LAW @ @ @ @ @ .

At this point throw them all in prison for life. No trial needed. They are ADAMANTLY AGAINST LAW AND ORDER AND THE CONSTITUTION.
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AC


investmentwatchblog--2020-06-25--Project Veritas: Another Facebook Insider Details Political Censorship; Current HR Exec ‘No One Has

Project Veritas: Another Facebook Insider Details Political Censorship; Current HR Exec ‘No One Has White Man’s Back’

BREAKING : ANOTHER INSIDER COMES FORWARD : “ I was seeing them interfering on a global level in elections.
” @ @ @ @ @ “ We rig the game so it can work on the left side…Freedom of speech @ @ @ @ @ – Jose Moreno , Content Moderator – Facebook # ExposeFacebook pic.twitter.com/baUsVf4BHB

BREAKING: ANOTHER INSIDER COMES FORWARD: “I was seeing them interfering on a global level in elections.” – @realryanhartwig
BREAKING: “We rig the game so it can work on the left side…Freedom of speech is the main one” – Jose Moreno, Content Moderator – Facebook#ExposeFacebook pic.twitter.com/baUsVf4BHB
— James O'Keefe (@JamesOKeefeIII) June 25, 2020