As Haiti reels from the devastation of Hurricane Matthew, I wondered how, after such vigorous involvement from the Clinton Foundation, the country remained so ill prepared to face another natural disaster.
"It seems clear that Haitian welfare is not their priority. Their priority is, well, themselves.
The Clintons seem to believe in Haitian reconstruction and Haitian investment as long as these projects match their own private economic interests. They have steered the rebuilding of Haiti in a way that provides maximum benefit to themselves." Embezzlement
The evidence is clear, as video from Haiti clearly demonstrates, Haiti received little if any benefit.
Where did the money go? Into the Clinton Foundation pockets.
FOX News moderator Chris Wallace chastised Donald Trump for citing government waste as significant in a recent debate. If you only knew how correct Trump is.
As reported by "The Gateway Pundit", "A staggering 80% of Latino illegal immigrant families in California are living in poverty and need government assistance.
The Obama administration wants to open to door to millions more." According to the video report, illegal immigrants, through fraud associated with their ITIN numbers, are using the IRS as a cash register; with your money!
This theft must be stopped Monday morning at 8AM; but don't hold your breath.
The original report noted this was happening through a tax loophole; however, with the video going viral, Forbes.com looked into it and found something even more disturbing. They proclaim it "tax fraud".
Forbes attempted to identify who the culprits are, but left out the elephant in the rook: the corrupt IRS.
The IRS is too busy auditing Tea Party organizations and the private citizens who support them. No doubt that the direction of the Obama administration, who is orchestrating and conducting a force invasion of our nation by illegal immigrants, the IRS has been told to look the other way.
The funneling of money, in most cases blatantly illegal, is simply considered by the administration as reparations, an organized systematic transfer of wealth. President Nixon was facing impeachment for threatening to utilize the IRS as a weapon against political opponents, but for some reason (our lawless Attorneys General), Obama can do it impunity.
This to must stop immediately, but it will not until we elect an individual who places the law above the men.
For the record, if elected, Donald Trump will build the wall and Ted Cruz will seek to "end the political targeting, simplify the tax code, and abolish the IRS as we know it."
It has been well documented, and I do not have to tell you, that the intervention of the government in the housing market has resulted in an economic disaster rivaling any of our day. Unfortunately, it is far from conclusion, and sadly, it was an orchestrated event.
The ripple affect of this catastrophe is simply mind boggling. Families being devastated by losing their is the face of the crisis, but the problems only begin there. Family wage earners have been caught in the tsunami of unemployment, smothering any attempts at digging out the hole. Home values have been decimated to such an extent that re-financing, even if qualified, is not an option.
Government intrusion is not the only culprit in this crash, with money center banks, fraudulent mortgage brokers and appraisers and Wall Street investors all playing a role. Certainly, although you will not read about in the media, let us not forget the American citizenry who bought homes they could not dream of affording.
On Sunday night, 60 Minutes presented a strong story on banks misrepresentation as part of their foreclosure efforts. Although 60 Minutes has presented a handful of stories on the housing crisis of late, they are quick to vilify Wall Street but never get around to placing any blame on government, or heaven forbid, President Obama. Perhaps Scott Pelley is unaware of the role of ACORN, who Obama remains closely associated with.
There are many victims, including those who have lost homes and jobs, who are close to each of us. Most, if not all the culprits, secured golden parachutes and remain free to wreak havoc on the next group of victims. Jamie Gorelick, Franklin Raines and Andrew Cuomo come to mind.
The amount of fraud in the housing crisis is staggering, and this piece details only one aspect of it, but it is well worth you taking time out to get brushed up how this fraud continues to haunt our lives.
U.S. District Judge Denny Chin accurately discarded a plea for leniency by the defense and sentenced Bernie Madoffto 150 years in prison for unprecedented financial fraud. It has been labeled the scam of the century, and rightfully so.
The level of losses for the victims is record setting and mind boggling to be sure. Certainly, there were others involved in this ponzi scheme, including Madoffs wife and two sons. I suspect the FEDs will be knocking on their doors soon.
Here are some thoughts about what investors can take away from this incredible story of fraud leaving scores of victims financially and emotionally brutalized:
If you think this is the last case of fraud you will be reading about in the newspapers you are going to be mistaken. Unfortunately, this type of activity will continue to take place. Educate yourself and take steps to make sure you are not among the next victims.
Potential investors must engage in some due diligence, as in any transaction of commerce, Caveat Emptorreigns supreme. Let the buyer beware! As a regulating body, after being tipped off and doing nothing, the enforcement of the Securities and Exchange Commission was horrendous. Although the agency has much on the plate, that level of incompetence should not be tolerated. Investors should not have placed total confidence in any governmental agency to "handle" their responsibilities in managing their investments. In fact, America seems eager to place the government in charge of just about everything, and actions in this regard will fail miserably and handicap our economy.
Capitalism in itself is a series of checks and balances, and at the end of the day unethical players are removed in some fashion from the marketplace. Little, if any, further regulation in this arena is needed, although we are going to get plenty. This will only raise the cost of investment and reduce rates of return for investors.
In addition, under no circumstances should an investor put "all their eggs in one basket". Suppose some of the victims has placed on 25% of their investments with Madoff and the other 75% spread amongst three other firms or in other areas of investment.
While Madoff will ultimately rot in hell, it will be interesting to see the list of others who will find themselves in federal court. I did notice in a video on CNBC one of Madoffs sons hoping in his car today after seemingly loungingaround in shorts and flip flops. One might think if the firm I worked at had no assets and I had no money stashed away I might be out seeking employment. Call me crazy.
Take a listen to CNBC'sRebecca Jarvis, Melissa Francis and Larry Kudlow kick around the case with some selected panel members. Great stuff:
BAHL is a REALTOR, Real Estate Investor and Residential Real Estate Appraiser in Orlando. He holds a BS degree in Economics from Florida State University.
