Trump v Cruz & Goldman Sachs
While Trump has held rallies and they are now playing Born in the USA to distinguish him from Cruz who was born in Canada, the real issue Cruz is not addressing head-on, is the New York Times revelation that Cruz failed to properly disclose large loans he received during his Senate campaign. Trump brought up the issue, but in a half-ass manner. Cruz quickly retorted: “Thank you for passing on that hit piece on the front page of The New York Times.” Cruz continued: “The entire New York Times attack is that I disclosed that loan on one filing with the United States Senate … but it was not in the second filing with the FEC.” Cruz even admitted: “Yes, I made paperwork errors … but if that’s the best hit the New York Times has got, they better go back to the well.”
However, that is interesting, but who gave him the loans he forgot to disclose? None other than Goldman Sachs. When you run for office, you are BY LAWrequired to disclose the source of your funds. It just does not cut it to say – oh, I forgot. Sorry, that disqualifies you from holding office and others have been seriously investigated for such lapses of memory.
Putting that aside, the source of the funds was the notorious Goldman Sachs. The dishonesty here is that Cruz has pretended to stand against the bankers. “Like many other players on Wall Street and big business, they seek out and get special favors from government,” Cruz told the New York Times previously. How dishonest is this statement and the forgetting to report a loan from Goldman Sachs? His wife Heidi, is a managing director at Goldman Sachs and has taken a temporary “leave” during his presidential campaign.
I am sorry. But Cruz is bought and paid for and would be in the pocket of the New York Banks no different than Hillary, Bush, or the rest of them who take money from this crowd. You do not forget to report a loan from Goldman Sachs when your wife is a managing director. Come on. How stupid do we have to be to entertain this excuse?
Why the US Stock Market is NOT a Bubble
A real bubble is when you suck in everyone who has no business investing in the stock market. We are nowhere near a bubble despite the current correction process. There is no risk of a 80-90% decline as was the case following 1929. Many losers obviously didn’t come forward publicly during the Great Depression, but one such loser did. She was a girl of 22 named Margaret Shotwell. She told the press that she had lost more than $1 million and even named the stocks she had owned. The list was Montgomery Ward, Paramount, Cities Service and General Motors—all blue chip companies, no doubt.
Nevertheless, when Margaret was only 12 years of age, her father had brought home a friend to listen to her play the piano. That friend was John Neal, who upon his death left her $l million in stock to Reynolds Tobacco. Shotwell diversified her fortune into other companies on margin. “I was just one of the suckers,” she said during an interview with The Tuscaloosa News. “I lost everything I had in the world. That was $900,000 and I owe $50,000 to my broker besides. But it isn’t smart to be rich anymore. I’ve got lots of company now.”
Here is a video she made explaining her loss from the Great Depression.
The Hunt for Money: Tracking Real Estate Off the Grid
It has been only a matter of time. The U.S. Treasury will begin tracking high-end real estate to see where the money comes from because many properties are selling for CASH without mortgages. The news release on January 13, 2016, states:
The Financial Crimes Enforcement Network (FinCEN) today issued Geographic Targeting Orders (GTO) that will temporarily require certain U.S. title insurance companies to identify the natural persons behind companies used to pay “all cash” for high-end residential real estate in the Borough of Manhattan in New York City, New York, and MiamiDade County, Florida.
The hunt for money is now turning to real estate in order to track those trying to get off the grid, in such places like the Porsche Building in Miami, Florida. The property has an oceanfront view and you ascend in a glass elevator to your private residence while sitting in your car. The building was the vision of the Porsche Design Group and South Florida developers.
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