Expert Warns Quarantine Process Failed, As China Stands Ready To Crash World Economy

20 02 2020

  By Timothy D. Naegele[1]

This is the title of an article that Jared Harris has written for The Western Journal:

China’s rush to reopen factories and markets in the midst of a poorly understood outbreak may backfire, a failure that could result in one of the worst depressions the world has ever seen.

It’s no secret that the COVID-19 virus has dealt a punishing blow to the Chinese economy since its emergence months ago. With over 700 million now under some form of lockdown to control the coronavirus, work has ground to a halt.

Seeing a slowdown of new cases has prompted the ruling communist party to urge work to resume, with the party’s Global Times mouthpiece proclaiming “we must be resolute in resuming economic activity.”

Considering how little is known about the novel coronavirus, pushing workers to return to factories, markets and sales floors en masse does not look like a good decision.

Fortunately for virologists, a closed system with the virus exists on board the Diamond Princess cruise ship. Unfortunately for the people on the massive boat, their role as a large-scale petri dish shows just how contagious this bug really is.

Despite officials’ best efforts to contain the virus on the ship, the initially small number of infected soon soared to 454.

“The quarantine process failed,” National Institute of Allergy and Infectious Diseases director Dr. Anthony Fauci told USA Today.

“I’d like to sugarcoat it and try to be diplomatic about it, but it failed. People were getting infected on that ship.”

It’s unclear why the quarantine failed and transmission occurred, but it may be because the virus is more easily spread through the air than previously thought. Although it’s not thought to be airborne, the CDC still recommends airborne procedures and protective gear.

If COVID-19 is able to spread through the air, the cruise ship’s ventilation system may be a major factor in the baffling infection rates.

Once that possibility is applied to China, where hundreds of millions are holed up in high-rise apartments designed according to loose Chinese standards, the potential of this disaster becomes clear.

Although the Chinese government claims to have a handle on the epidemic, changes in the diagnosis criteria have seen confirmed cases spike by over 14,000 in a single day. Skeptics also remain unconvinced that the country’s communist regime is being honest.

The predicament of the Chinese worker is apparent: The government appears close to giving the all-clear for many. Those voicing skepticism on Chinese social media are swiftly silenced. China’s social credit system likely also puts pressure on citizens to return to work.

While those with symptoms may stay home, the virus can hitch a ride on clothing and other materials. There is even evidence that infected individuals may be able to spread COVID-19 without showing symptoms.

China, the world’s second-largest economy, would be absolutely devastated if this virus made a strong resurgence. The impact on other countries would be downright horrifying.

China’s exports would grind to a halt, depriving the United States of $480 billion worth of goods. Take a look at some of the things around you right now. Many of these items (including the phone or computer you’re reading this on) likely originated in a Chinese factory.

The effect on American retailers would be disastrous. Walmart, for example, imports an estimated 80 percent of its products from Chinese suppliers, according to the Alliance for American Manufacturing.

Japan, Germany and the United Kingdom, three of the largest economies in the world, also rely on Chinese exports worth billions.

Needless to say, all of these exports grinding to a halt virtually overnight would not be pleasant for the world economy. Even the U.S. economy, at an all-time high thanks to President Donald Trump, would not escape without a major beating.

If the quarantines in China are failing just as they are on the Diamond Princess, we could be headed for the biggest economic gut punch since the Great Depression.[2]

Talk about Helter Skelter, if this materializes like the article suggests, the economic effects globally will be nothing short of catastrophic.[3]  

Chinese woman wears plastic wrap

  © 2020, Timothy D. Naegele


[1]  Timothy D. Naegele was counsel to the United States Senate’s Committee on Banking, Housing, and Urban Affairs, and chief of staff to Presidential Medal of Freedom and Congressional Gold Medal recipient and former U.S. Senator Edward W. Brooke (R-Mass). He and his firm, Timothy D. Naegele & Associates, specialize in Banking and Financial Institutions Law, Internet Law, Litigation and other matters (see www.naegele.com and https://naegeleblog.files.wordpress.com/2019/11/timothy-d.-naegele-resume-20-1-1.pdf). He has an undergraduate degree in economics from the University of California, Los Angeles (UCLA), as well as two law degrees from the School of Law (Boalt Hall), University of California, Berkeley, and from Georgetown University. He served as a Captain in the U.S. Army, assigned to the Defense Intelligence Agency at the Pentagon, where he received the Joint Service Commendation Medal (see, e.g., https://en.wikipedia.org/wiki/Commendation_Medal#Joint_Service). Mr. Naegele is an Independent politically; and he is listed in Who’s Who in America, Who’s Who in American Law, and Who’s Who in Finance and Business. He has written extensively over the years (see, e.g., www.naegele.com/whats_new.html#articles), and can be contacted directly at tdnaegele.associates@gmail.com

[2]  See https://www.wnd.com/2020/02/expert-warns-quarantine-process-failed-china-stands-ready-crash-world-economy/ (emphasis in original); see also https://naegeleblog.wordpress.com/2011/01/13/china-is-americas-enemy-make-no-mistake-about-that/#comment-23012 (“Deadly Coronavirus Proves Immune To Political Correctness”)

[3]  See, e.g., https://naegeleblog.wordpress.com/2015/07/01/global-chaos-and-helter-skelter/ (“Global Chaos And Helter Skelter”) and https://naegeleblog.wordpress.com/2010/01/19/emp-attack-only-30-million-americans-survive/ (“EMP Attack: Only 30 Million Americans Survive”)

 





Payback, Bigtime!

6 02 2020

  By Timothy D. Naegele[1]

Where does the list begin?  With Utah’s carpetbagger from Massachusetts, Mitt Romney; the warmongering shill of a foreign country, John Bolton; the rabid partisan Nancy Pelosi; the always-despicable “Tweedledee and Tweedledum” of American politics, Adam Schiff and Jerry Nadler, who are the heirs of Joe McCarthy; . . . and of course with the un-American racist and anti-Semite Barack Obama, who must spend the rest of his life in prison for treason, at the very least—or no American should believe in the rule of law anymore.[2] 

The impeachment of our great President Donald Trump has ended, for now.  He was acquitted yesterday, but Pelosi made it crystal clear that his impeachment “will last forever,” and that it will go on and on until he leaves the presidency.[3]  And she must be taken at her word.   After all, she tore up the President’s State of the Union speech in front of the nation, right after he delivered it.  A more brazen and classless act—and moment—in American history escapes this writer.

The Congressional Democrats are ruthless trailer trash.  After all, the American criminal Robert Mueller came after Trump with a pack of totally-partisan prosecutors bent on destroying this presidency, and they came up with nothing.  A big fat Z-E-R-O.  If they had anything at all, after spending more than $14 million, surely they would have used it.  Then, along came Pelosi, Schiff and Nadler, who produced nothing too.  Instead of investigating the actual criminality of the Clintons, Obama, Joe Biden and his son Hunter, and so many others, they targeted Trump like Richard Nixon and Ronald Reagan had been targeted previously.

Clearly, the Democratic Party and America’s far-Left must be decimated, never to rise again.[4]  And yes, lots of us began as Democrats, but will never vote for one in the future.  Again, the Democrats’ attempted coup has been in the works for at least three years.  It has been and continues to be the goal of the thoroughly-evil Democrats to reverse the election results of 2016.  This is treason, punishable by death.[5]  Nancy Pelosi was correct and refreshingly candid when she admitted that impeachment in one form or another will never stop.  This tells us all that we need to know . . . and where to go from here.

  © 2020, Timothy D. Naegele


[1]  Timothy D. Naegele was counsel to the United States Senate’s Committee on Banking, Housing, and Urban Affairs, and chief of staff to Presidential Medal of Freedom and Congressional Gold Medal recipient and former U.S. Senator Edward W. Brooke (R-Mass). He and his firm, Timothy D. Naegele & Associates, specialize in Banking and Financial Institutions Law, Internet Law, Litigation and other matters (see www.naegele.com and https://naegeleblog.files.wordpress.com/2019/11/timothy-d.-naegele-resume-20-1-1.pdf). He has an undergraduate degree in economics from the University of California, Los Angeles (UCLA), as well as two law degrees from the School of Law (Boalt Hall), University of California, Berkeley, and from Georgetown University. He served as a Captain in the U.S. Army, assigned to the Defense Intelligence Agency at the Pentagon, where he received the Joint Service Commendation Medal (see, e.g., https://en.wikipedia.org/wiki/Commendation_Medal#Joint_Service). Mr. Naegele is an Independent politically; and he is listed in Who’s Who in America, Who’s Who in American Law, and Who’s Who in Finance and Business. He has written extensively over the years (see, e.g., www.naegele.com/whats_new.html#articles), and can be contacted directly at tdnaegele.associates@gmail.com

[2]  See https://naegeleblog.wordpress.com/2019/11/15/when-will-barack-obamas-trial-for-sedition-begin/ (“When Will Barack Obama’s Trial For Sedition Begin?”) and https://naegeleblog.wordpress.com/2018/05/24/should-barack-obama-be-executed-for-treason/ (“Should Barack Obama Be Executed For Treason?”) and https://naegeleblog.wordpress.com/2009/12/05/is-barack-obama-a-racist/ (“Is Barack Obama A Racist?”) and https://naegeleblog.wordpress.com/2017/10/20/the-real-russian-conspiracy-barack-obama-the-clintons-and-the-sale-of-americas-uranium-to-russias-killer-putin/ (“The Real Russian Conspiracy: Barack Obama, The Clintons, And The Sale Of America’s Uranium To Russia’s Killer Putin”) and https://naegeleblog.wordpress.com/2019/07/29/barack-obama-is-responsible-for-americas-tragic-racial-divide/ (“Barack Obama Is Responsible For America’s Tragic Racial Divide”)

[3]  See https://naegeleblog.wordpress.com/2020/01/28/aborting-a-trump-presidency-has-always-been-the-despicable-democrats-goal/ (“Aborting A Trump Presidency Has Always Been The Despicable Democrats’ Goal”) and https://naegeleblog.wordpress.com/2020/01/17/an-impeachment-that-will-last-forever-requires-the-targeting-of-every-congressional-democrat-forever/ (“An Impeachment That Will Last Forever Requires The Targeting Of Every Congressional Democrat Forever”); see also https://buchanan.org/blog/impeachment-the-lefts-ultimate-weapon-138085 and https://www.dailymail.co.uk/news/article-7935221/Donald-Trumps-lawyers-start-day-defense-Boltons-bombshell.html (“Ken Starr says impeachment is HELL in extraordinary Senate address as he argues against Donald Trump being removed despite calling for that punishment of Bill Clinton”) and https://naegeleblog.wordpress.com/2017/05/16/americas-newest-civil-war-2017-and-beyond/ (“America’s Newest Civil War: 2017 And Beyond”) and https://naegeleblog.wordpress.com/2019/04/29/the-democrats-are-evil-but-smart-while-the-republicans-are-neanderthals-and-dumb/ (“The Democrats Are Evil But Smart, While The Republicans Are Neanderthals And Dumb”) and https://naegeleblog.wordpress.com/2019/09/30/impeachment-may-become-the-singular-obsession-in-washington-and-dominate-news-coverage/ (“Impeachment May Become The Singular Obsession In Washington, And Dominate News Coverage”) and https://naegeleblog.wordpress.com/2019/10/09/this-is-war-abraham-lincoln-and-ronald-reagan-understood-this-and-donald-trump-does-too/ (“This Is War—Abraham Lincoln and Ronald Reagan Understood This, And Donald Trump Does Too”)

[4]  See https://naegeleblog.wordpress.com/2019/12/19/terminate-every-congressional-democrat-or-endure-a-permanent-impeachment-process/ (“Terminate Every Congressional Democrat, Or Endure A Permanent Impeachment Process”)

[5]  See https://naegeleblog.wordpress.com/2018/05/24/should-barack-obama-be-executed-for-treason/ (“Should Barack Obama Be Executed For Treason?”)





Aborting A Trump Presidency Has Always Been The Despicable Democrats’ Goal

28 01 2020

  By Timothy D. Naegele[1]

This is the conclusion of Pat Buchanan—an adviser to Presidents Richard Nixon, Ronald Reagan and Gerald Ford, and a former GOP presidential aspirant himself.  Again, the Democratic Party and America’s far-Left must be decimated, never to rise again.  And yes, lots of us began as Democrats, but will never vote for one in the future.

Buchanan has written an article entitled “Impeachment: The Left’s Ultimate Weapon,” which states:

In 1868, President Andrew Johnson was impeached for violating the Tenure of Office Act that had been enacted by Congress over his veto in 1867. Defying the law, Johnson fired Secretary of War Edwin Stanton, without getting Senate approval, as the act required him to do.

In his 1956 Pulitzer Prize-winning book, John F. Kennedy made Edmund Ross one of the Senate’s “Profiles in Courage” for his decisive and heroic vote not to convict and remove Johnson.

Repealed in 1887, the Tenure of Office Act was later declared unconstitutional by the Supreme Court.

But while the act was the lethal instrument to be used in the political assassination of a president whom the Radical Republicans meant to terminate, Stanton’s ouster was not the primary cause of their fury.

What truly enraged the Radical Republicans was Johnson’s resolve to be more magnanimous toward the defeated South than they meant to be. Johnson had in mind an earlier end to the military occupation of the South and a more rapid return of the seceded states to the Union.

The story is told in the 1942 Hollywood film “Tennessee Johnson,” starring Van Heflin, which has since gone down the memory hole along with Woodrow Wilson’s White House favorite, “Birth of a Nation.”

As historians concede, the impeachment of Johnson was about Reconstruction and who would remake the South. Would it be the Southern majority that fought and lost the war, or the victorious Yankees and the “scalawags” and “carpetbaggers” laboring alongside them?

The triumphant Radical Republicans were not about conciliation. So severe were aspects of the occupation that Gen. Robert E. Lee reportedly said if he had known what was coming, he might not have quit fighting.

So, too, the impeachment of Donald Trump is not really about his 10-week delay in shipping arms to Ukraine or his postponing of a visit by Ukraine’s president until he announced an investigation of Burisma Holdings and Joe and Hunter Biden.

Even before the 2016 election, Democrats, collaborating with a like-minded media, were using the instruments of power they possess, to first prevent and then to overturn the election results of 2016.

Russiagate, the James Comey FBI investigation, the Mueller probe — aborting a Trump presidency has always been the goal.

Saturday, White House counsel Pat Cipollone succinctly described to the Senate the bottom line:

“They’re asking you to remove President Trump from the ballot in an election that’s occurring in approximately nine months. … They’re asking you to tear up all of the ballots across this country on your own initiative, take that decision away from the American people.”

To save “our democracy,” to which they pay tireless tribute, the impeachers want to ensure that the people, in a supposedly free election in 2020, are not allowed to make the same mistake they made in 2016.

To save our democracy, the House and half the Senate want to deny the America electorate one of the most important roles the people play in this republic — the exercise of their right to choose the head of state and commander in chief of the United States.

Disqualifying presidential candidates whom populists favor but elites abhor is a quite common practice — in Third World countries.

Over the weekend, we learned that John Bolton, who has offered to testify in the Senate trial, claims in his coming book that Trump made a direct link between sending military aid to Ukraine and Ukraine’s opening an investigation of the Bidens.

This has caused some Republican senators to reconsider calling witnesses, particularly Bolton, in the impeachment trial.

If four Republicans vote for witnesses, they will be doing the work Adam Schiff, Jerry Nadler and Nancy Pelosi’s House failed to do in their haste to get Trump impeached by Christmas. They will be prolonging a trial set up to burn and bury their president.

The Senate should let Trump’s defenders complete their case, as the House managers and impeachers have already done. Then allow 16 hours of questioning. Then call for the verdict.

There is no treason, no bribery and no high crime in what the House managers allege. There is nothing in the articles of impeachment voted that rises to a level to justify removing a president.

Harry Truman dropped atomic bombs on defenseless cities and sent 2 million POWs back to the tender mercies of Stalin in Operation Keelhaul after World War II.

JFK greenlighted the overthrow of an ally, President Ngo Dinh Diem in South Vietnam, in a coup that ended in the murder of Diem.

LBJ ordered the wiretapping of Martin Luther King, and his White House shared the fruits of that FBI surveillance with a friendly press.

No one was impeached.

Why? Because Truman, JFK and LBJ were establishment favorites.

For Trump, a phone call with a Ukrainian president saying, “Send us your Biden file and we will have a meeting,” is a political capital crime justifying democracy’s version of a death penalty.[2]

Again, this coup has been in the works for at least three years.[3]

It is the goal of the thoroughly-evil Democrats to reverse the election results of 2016.  This is treason, punishable by death.  Indeed, as stated previously:

The un-American racist and anti-Semite Barack Obama and his fellow co-conspirators sought to destroy the candidacy and then the presidency of Donald Trump from Day One, and they continue to do so.  In the history of our great nation, it is doubtful that there have been any acts that rose to this level of sedition and treason except during our Civil War, when many or most of the traitors paid with their lives.  The same thing must happen now, beginning with Barack Obama.  Nothing less will suffice.[4]

House Speaker Nancy Pelosi was correct and refreshingly candid when she admitted that impeachment in one form or another will never stop.[5]

The bottom line is that it is a colossal waste of time and effort. The un-American racist and anti-Semite Barack Obama must be imprisoned, not Impeached, for the rest of his life, at the very least.  He and his fellow co-conspirators tried to destroy the candidacy and then the presidency of Donald Trump, which is treason. And it continues to this day in the form of the bogus impeachment efforts.[6]

Until Barack Obama and his co-conspirators are bought to justice, no American should believe in the rule of law, or that justice exists. We live in a lawless America today.

  © 2020, Timothy D. Naegele


[1]  Timothy D. Naegele was counsel to the United States Senate’s Committee on Banking, Housing, and Urban Affairs, and chief of staff to Presidential Medal of Freedom and Congressional Gold Medal recipient and former U.S. Senator Edward W. Brooke (R-Mass). He and his firm, Timothy D. Naegele & Associates, specialize in Banking and Financial Institutions Law, Internet Law, Litigation and other matters (see www.naegele.com and https://naegeleblog.files.wordpress.com/2019/11/timothy-d.-naegele-resume-20-1-1.pdf). He has an undergraduate degree in economics from the University of California, Los Angeles (UCLA), as well as two law degrees from the School of Law (Boalt Hall), University of California, Berkeley, and from Georgetown University. He served as a Captain in the U.S. Army, assigned to the Defense Intelligence Agency at the Pentagon, where he received the Joint Service Commendation Medal (see, e.g., https://en.wikipedia.org/wiki/Commendation_Medal#Joint_Service). Mr. Naegele is an Independent politically; and he is listed in Who’s Who in America, Who’s Who in American Law, and Who’s Who in Finance and Business. He has written extensively over the years (see, e.g., www.naegele.com/whats_new.html#articles), and can be contacted directly at tdnaegele.associates@gmail.com

[2]  See https://buchanan.org/blog/impeachment-the-lefts-ultimate-weapon-138085; see also https://www.dailymail.co.uk/news/article-7935221/Donald-Trumps-lawyers-start-day-defense-Boltons-bombshell.html (“Ken Starr says impeachment is HELL in extraordinary Senate address as he argues against Donald Trump being removed despite calling for that punishment of Bill Clinton”)

[3]  See https://naegeleblog.wordpress.com/2020/01/17/an-impeachment-that-will-last-forever-requires-the-targeting-of-every-congressional-democrat-forever/ (“An Impeachment That Will Last Forever Requires The Targeting Of Every Congressional Democrat Forever”)

[4]  See supra n.3; see also https://naegeleblog.wordpress.com/2009/12/05/is-barack-obama-a-racist/ (“Is Barack Obama A Racist?”) and https://naegeleblog.wordpress.com/2017/05/16/americas-newest-civil-war-2017-and-beyond/ (“America’s Newest Civil War: 2017 And Beyond”) and https://naegeleblog.wordpress.com/2017/10/20/the-real-russian-conspiracy-barack-obama-the-clintons-and-the-sale-of-americas-uranium-to-russias-killer-putin/ (“The Real Russian Conspiracy: Barack Obama, The Clintons, And The Sale Of America’s Uranium To Russia’s Killer Putin”) and https://naegeleblog.wordpress.com/2018/05/24/should-barack-obama-be-executed-for-treason/ (“Should Barack Obama Be Executed For Treason?”) and https://naegeleblog.wordpress.com/2019/04/29/the-democrats-are-evil-but-smart-while-the-republicans-are-neanderthals-and-dumb/ (“The Democrats Are Evil But Smart, While The Republicans Are Neanderthals And Dumb”) and https://naegeleblog.wordpress.com/2019/07/29/barack-obama-is-responsible-for-americas-tragic-racial-divide/ (“Barack Obama Is Responsible For America’s Tragic Racial Divide”) and https://naegeleblog.wordpress.com/2019/09/30/impeachment-may-become-the-singular-obsession-in-washington-and-dominate-news-coverage/ (“Impeachment May Become The Singular Obsession In Washington, And Dominate News Coverage”) and https://naegeleblog.wordpress.com/2019/10/09/this-is-war-abraham-lincoln-and-ronald-reagan-understood-this-and-donald-trump-does-too/ (“This Is War—Abraham Lincoln and Ronald Reagan Understood This, And Donald Trump Does Too”) and https://naegeleblog.wordpress.com/2019/11/15/when-will-barack-obamas-trial-for-sedition-begin/ (“When Will Barack Obama’s Trial For Sedition Begin?”) and https://naegeleblog.wordpress.com/2019/12/19/terminate-every-congressional-democrat-or-endure-a-permanent-impeachment-process/ (“Terminate Every Congressional Democrat, Or Endure A Permanent Impeachment Process”)

[5]  See supra n.3.

[6]  See https://naegeleblog.wordpress.com/2018/05/24/should-barack-obama-be-executed-for-treason/ (“Should Barack Obama Be Executed For Treason?”)





An Impeachment That Will Last Forever Requires The Targeting Of Every Congressional Democrat Forever

17 01 2020

  By Timothy D. Naegele[1]

The Democratic Party and America’s far-Left must be decimated, never to rise again.  And yes, lots of us began as Democrats, but will never vote for one again.

Jennie Taer has written at saraacarter.com:

House Speaker Nancy Pelosi is moving forward with the articles of impeachment against President Donald Trump[,] announcing Wednesday the House managers who will transmit the articles to the Senate in what she called “an impeachment that will last forever.”

House Intelligence Committee Chairman Adam Schiff (D-CA), House Judiciary Chairman Jerrold Nadler (D-NY), House Administration Committee Chairwoman Zoe Lofgren (D-CA), House Democratic Caucus Chairman Hakeem Jeffries (D-NY), Rep. Val Demings (D-FL), Jason Crow (D-CO), Rep. Sylvia Garcia (D-TX) will assume the managerial roles.

“The emphasis is on litigators, the emphasis is on comfort level in the court room, the emphasis is on making the strongest possible case to protect and defend our constitution, to seek the truth for the American people,” Pelosi said.

“I’m very proud and honored that these seven members, distinguished members, have accepted this serious responsibility, again, to protect and defend for the people defending our Democracy.

The House is also set to hold a vote later Wednesday on finalizing the transmission of the articles to the Senate for a full trial.

In anticipation of Pelosi’s move today, Senate Majority Leader Mitch McConnell told reporters Tuesday that the trial will likely begin next Tuesday in the Senate.

“The House is likely to finally send the articles over to us tomorrow and we’ll be able to . . . in all likelihood go through some preliminary steps here this week which could well include the chief justice coming over and swearing in members of the Senate and some other kind of housekeeping measures,” Sen. McConnell said.

“We hope to be able to achieve that by consent which would set us up to begin the actual trial next Tuesday.”[2]

This coup has been in the works for at least three years.[3]

Every one of the House managers must wear a target on his or her back.  It must be “open season” with respect to each of them, as well as all Democrats in the Congress who are pursuing the farce of President Donald Trump’s impeachment.  After all, he was cleared by former FBI Director Robert Mueller and his staff of zealous, Leftist, senior prosecutors.  However, it is the goal of the thoroughly-evil Democrats now to reverse the election results of 2016.  This is treason, punishable by death.

Indeed, the un-American racist and anti-Semite Barack Obama and his fellow co-conspirators sought to destroy the candidacy and then the presidency of Donald Trump from Day One, and they continue to do so.  In the history of our great nation, it is doubtful that there have been any acts that rose to this level of sedition and treason except during our Civil War, when many or most of the traitors paid with their lives.  The same thing must happen now, beginning with Barack Obama.[4]  Nothing less will suffice.

  © 2020, Timothy D. Naegele


[1]  Timothy D. Naegele was counsel to the United States Senate’s Committee on Banking, Housing, and Urban Affairs, and chief of staff to Presidential Medal of Freedom and Congressional Gold Medal recipient and former U.S. Senator Edward W. Brooke (R-Mass). He and his firm, Timothy D. Naegele & Associates, specialize in Banking and Financial Institutions Law, Internet Law, Litigation and other matters (see www.naegele.com and https://naegeleblog.files.wordpress.com/2019/11/timothy-d.-naegele-resume-20-1-1.pdf). He has an undergraduate degree in economics from the University of California, Los Angeles (UCLA), as well as two law degrees from the School of Law (Boalt Hall), University of California, Berkeley, and from Georgetown University. He served as a Captain in the U.S. Army, assigned to the Defense Intelligence Agency at the Pentagon, where he received the Joint Service Commendation Medal (see, e.g., https://en.wikipedia.org/wiki/Commendation_Medal#Joint_Service). Mr. Naegele is an Independent politically; and he is listed in Who’s Who in America, Who’s Who in American Law, and Who’s Who in Finance and Business. He has written extensively over the years (see, e.g., www.naegele.com/whats_new.html#articles), and can be contacted directly at tdnaegele.associates@gmail.com

[2]  See https://saraacarter.com/an-impeachment-that-will-last-forever-pelosi-announces-impeachment-managers/ (“‘An Impeachment That Will Last Forever’: Pelosi Announces Impeachment Managers”); see also https://www.dailymail.co.uk/news/article-7895585/Donald-Trumps-trial-begins-Articles-impeachment-read-Senate.html (“Donald Trump’s trial begins: Senate hears impeachment articles”) and https://buchanan.org/blog/a-malicious-indictment-mitch-should-toss-out-138043 (“A Malicious Indictment Mitch Should Toss Out”—“The impeachment of Donald Trump is the fruit of a malicious prosecution whose roots go back to the 2016 election, in the aftermath of which stunned liberals and Democrats began to plot the removal of the new president. This coup has been in the works for three years. . . . [T]he articles of impeachment on which the Judiciary Committee and the House voted do not contain a single crime required by the Constitution for impeachment and removal. There is no charge of treason, no charge of bribery or ‘other high crimes and misdemeanors.’ . . . [T]here is no debate on how the Senate Democrats intend to vote — 100% for removal of a president they fear they may not be able to defeat. . . . [T]he forum to be entrusted with the decision of ‘should Trump go?’ is not a deeply polarized Senate, but with those the Founding Fathers entrusted with such decisions — the American people. . . . Mitch McConnell should let the House managers make their case, and then call for a vote to dismiss, and treat this indictment with the contempt it so richly deserves”) and https://www.newsmax.com/politics/lindsey-graham-senate-trial/2020/01/16/id/950054/ (“Lindsey Graham Predicts ‘Bipartisan Acquittal’ in Impeachment Trial”)

[3]  See supra n.2.

[4]  See, e.g., https://naegeleblog.wordpress.com/2009/12/05/is-barack-obama-a-racist/ (“Is Barack Obama A Racist?”) and https://naegeleblog.wordpress.com/2017/05/16/americas-newest-civil-war-2017-and-beyond/ (“America’s Newest Civil War: 2017 And Beyond”) and https://naegeleblog.wordpress.com/2017/10/20/the-real-russian-conspiracy-barack-obama-the-clintons-and-the-sale-of-americas-uranium-to-russias-killer-putin/ (“The Real Russian Conspiracy: Barack Obama, The Clintons, And The Sale Of America’s Uranium To Russia’s Killer Putin”) and https://naegeleblog.wordpress.com/2018/05/24/should-barack-obama-be-executed-for-treason/ (“Should Barack Obama Be Executed For Treason?”) and https://naegeleblog.wordpress.com/2019/04/29/the-democrats-are-evil-but-smart-while-the-republicans-are-neanderthals-and-dumb/ (“The Democrats Are Evil But Smart, While The Republicans Are Neanderthals And Dumb”) and https://naegeleblog.wordpress.com/2019/07/29/barack-obama-is-responsible-for-americas-tragic-racial-divide/ (“Barack Obama Is Responsible For America’s Tragic Racial Divide”) and https://naegeleblog.wordpress.com/2019/09/30/impeachment-may-become-the-singular-obsession-in-washington-and-dominate-news-coverage/ (“Impeachment May Become The Singular Obsession In Washington, And Dominate News Coverage”) and https://naegeleblog.wordpress.com/2019/10/09/this-is-war-abraham-lincoln-and-ronald-reagan-understood-this-and-donald-trump-does-too/ (“This Is War—Abraham Lincoln and Ronald Reagan Understood This, And Donald Trump Does Too”) and https://naegeleblog.wordpress.com/2019/11/15/when-will-barack-obamas-trial-for-sedition-begin/ (“When Will Barack Obama’s Trial For Sedition Begin?”) and https://naegeleblog.wordpress.com/2019/12/19/terminate-every-congressional-democrat-or-endure-a-permanent-impeachment-process/ (“Terminate Every Congressional Democrat, Or Endure A Permanent Impeachment Process”)





Are Banks Irrelevant?

2 01 2020

  By Timothy D. Naegele[1]

This is the title of my newest law review article[2], which discusses the future of banking in the United States and globally, looking decades into the future.

As stated in the article’s introduction:

[T]he author revisits briefly Wells Fargo’s problems that have tarnished America’s fourth largest and the world’s thirteenth largest bank, with almost $2 trillion in assets—and created what some have characterized as a rogue and lawless financial institution, the largest in the United States if not the world.  He asks whether Wells is an anachronism or dinosaur whose time has passed, along with that of its sister financial institutions.  As branches and checks disappear, and as a “branchless” and “checkless” financial system emerges, what role will traditional banks play in American and global commerce?  Also, what roles will so-called “shadow banks” and “non-banks” play in the future, and how will Congress and America’s financial institution regulators deal with these critical issues, or can they?  In the final analysis, will we live in a world of “bankless” banking?

What is coming will affect every American, and the residents of other countries globally.  Indeed, as I concluded in the article:

As America and other countries move into the “brave new world” of “bankless banking,” query whether every conceivable financial problem of the past may surface again and again: runs on banks and their financial alter egos; panics around the globe; regulators who are helpless to “put out the fires” spreading everywhere; and a global loss of confidence in the “system”?  . . .  [A]ll of this may be set in motion—or at least exacerbated—by events over which none of us have any control. Indeed, a review of past events in economic history is eye-opening and shocking for those who are naïve about what can happen in the future.

Stay tuned.  Indeed, a “brave new world” is coming, just as computers, the Internet and smartphones have changed everything that we do today.

 

 

© 2020, Timothy D. Naegele


[1]  Timothy D. Naegele was counsel to the United States Senate’s Committee on Banking, Housing, and Urban Affairs, and chief of staff to Presidential Medal of Freedom and Congressional Gold Medal recipient and former U.S. Senator Edward W. Brooke (R-Mass). He and his firm, Timothy D. Naegele & Associates, specialize in Banking and Financial Institutions Law, Internet Law, Litigation and other matters (see www.naegele.com and https://naegeleblog.files.wordpress.com/2019/11/timothy-d.-naegele-resume-20-1-1.pdf). He has an undergraduate degree in economics from the University of California, Los Angeles (UCLA), as well as two law degrees from the School of Law (Boalt Hall), University of California, Berkeley, and from Georgetown University. He served as a Captain in the U.S. Army, assigned to the Defense Intelligence Agency at the Pentagon, where he received the Joint Service Commendation Medal (see, e.g., https://en.wikipedia.org/wiki/Commendation_Medal#Joint_Service). Mr. Naegele is an Independent politically; and he is listed in Who’s Who in America, Who’s Who in American Law, and Who’s Who in Finance and Business. He has written extensively over the years (see, e.g., www.naegele.com/whats_new.html#articles), and can be contacted directly at tdnaegele.associates@gmail.com

[2]  See Timothy D. Naegele, Are Banks Irrelevant? 137 BANKING L. J. 3 (January 2020) (Naegele January 2020) (Timothy D. Naegele) [NOTE: To download The Banking Law Journal article, please click on the link to the left of this note]





American Jews Hide in Fear

2 01 2020

  By Timothy D. Naegele[1]

This is the conclusion of Rabbi Shmuel Boteach, as reported by Newsmax.com:

The spate of anti-Semitic attacks have the Jewish people living in fear now in the United States, potentially creating a society of “secret Jews” retreating to obscurity, according to Rabbi Shmuel “Shmuley” Boteach on Newsmax TV.

“The world’s oldest hatred: we were persecuted in Europe, slaughtered, annihilated, gassed to death, but in America we were protected. I can’t believe this is all happening.”

Boteach, speaking from a home nearby the recent anti-Semitic stabbing attack in Upstate New York where his family and friends were in hiding, called for federal laws that specifically mention anti-Semitism and do not water down the targeted hate under generic hate-crime terms.

“We have to stop this game,” Boteach told host Bob Sellers. “We have to call Jew hatred what it is. First thing is: Special legislation that targets anti-Semitism. You have to use the word anti-Semitism. This is not just another form of bigotry. This is not just another form of prejudice.

“This is a special hatred of the Jewish people that has to be combated, and the United States, land of the free, home of the brave, must take the lead.

Boteach said the recent attacks in and around New York City are targeting those who look and dress like orthodox Jews.

“We are the targets, and it’s very uncomfortable,” Boteach added. 

“It was a religious Jew hatred, now it’s a more racial anti-Semitism. Even if we Jews converted to another religion, they still hate us. All I know is this never happened in the United States.”[2] 

First, it must be stated emphatically: not a single Jew anywhere in this world should hide in fear, or live in fear.

Second, anti-Semitism has been increasing in Europe and globally for more than a decade.[3]  The fact that it is increasing in the United States should not be surprising.

Third, there are a myriad of causes, some of which are understood; others not.  Many Jews and non-Jews blame the policies of Israel’s Prime Minister Benjamin Netanyahu.  

He was hated by Barack Obama, the Rabins, and Ariel Sharon.  Indeed, former Israeli Prime Minister Yitzhak Rabin’s widow Leah—who was described by Nobel Peace Prize Laureate and former Prime Minister Shimon Peres as a “lioness”—believed it was the climate of hate that Netanyahu created during the election campaign of 1995, which laid the groundwork for a Jew to assassinate her husband.  She never forgave Netanyahu and detested him.[4] 

Fourth, the mere fact that anti-Semitism is increasing in the United States and globally is a cause of great concern.  Religion in general is under attack; and Judaism is a very small religion.  There are approximately 2.4 billion Christians in the world, and 1.9 followers of Islam; and the number of Jews is approximately 14.5 million, which makes it one of the smallest religions with the fewest followers.[5]

Fifth, discrimination has probably existed in one form or another since Man set foot on the Earth.  It is not new; and most religious and ethnic groups have been discriminated against in the past.  The fact that Jews are singled out today, even in countries that have few if any Jews, goes to the genesis of discrimination generally, of which anti-Semitism and Islamophobia are merely a part.  The United States is the world’s largest melting pot; and discrimination seems to arise from that fact, instead of religious and ethnic tolerance.[6]

Sixth, as I have written previously:

Since I was a little kid growing up in West Los Angeles, I have always had friends who were Jewish.  . . .  They have helped me; they have loved me; they will be my friends for life; and whatever happens to Israel affects them. It does not affect me; I am not Jewish.

Israel could disappear off the face of the earth today, and it would not affect my life one iota. I could wake up tomorrow and go about my life as if it never happened—similar to the disappearance of Moldova as a nation, which is even larger. However, it might affect the lives of Jewish friends whom I love and care about.[7]

Lastly, former President Barack Obama was and is a racist and an anti-Semite, who did more than any other president to sow the seeds of racism and other divisions.[8]  Perhaps Americans are witnessing the results of what he sowed. 

 

Vandalized Jewish cemetery near Strasbourg, France

 

© 2020, Timothy D. Naegele


[1]  Timothy D. Naegele was counsel to the United States Senate’s Committee on Banking, Housing, and Urban Affairs, and chief of staff to Presidential Medal of Freedom and Congressional Gold Medal recipient and former U.S. Senator Edward W. Brooke (R-Mass). He and his firm, Timothy D. Naegele & Associates, specialize in Banking and Financial Institutions Law, Internet Law, Litigation and other matters (see www.naegele.com and https://naegeleblog.files.wordpress.com/2019/11/timothy-d.-naegele-resume-20-1-1.pdf). He has an undergraduate degree in economics from the University of California, Los Angeles (UCLA), as well as two law degrees from the School of Law (Boalt Hall), University of California, Berkeley, and from Georgetown University. He served as a Captain in the U.S. Army, assigned to the Defense Intelligence Agency at the Pentagon, where he received the Joint Service Commendation Medal (see, e.g., https://en.wikipedia.org/wiki/Commendation_Medal#Joint_Service). Mr. Naegele is an Independent politically; and he is listed in Who’s Who in America, Who’s Who in American Law, and Who’s Who in Finance and Business. He has written extensively over the years (see, e.g., www.naegele.com/whats_new.html#articles), and can be contacted directly at tdnaegele.associates@gmail.com

[2]  See https://www.newsmax.com/newsfront/shmuel-boteach-rabbi-jewish-anti-semitism/2019/12/30/id/947802/ (“Shmuel Boteach to Newsmax TV: US Jews Now Hide in Fear”); see also https://en.wikipedia.org/wiki/Shmuley_Boteach (“Shmuley Boteach”)

[3]  See https://naegeleblog.wordpress.com/2014/01/06/ariel-sharon-is-missed/#comment-7039 (“Is Night Falling Again For European Jews?”); see also https://naegeleblog.wordpress.com/2015/12/31/is-israel-doomed/ (“Is Israel Doomed?”)

[4]  See https://naegeleblog.wordpress.com/2014/01/06/ariel-sharon-is-missed/ (“Ariel Sharon Is Missed”); see also https://naegeleblog.wordpress.com/2019/09/19/the-middle-east-is-not-americas-fight/ (“The Middle East Is Not America’s Fight”) and https://naegeleblog.wordpress.com/2012/03/08/the-madness-of-benjamin-netanyahu/ (“The Madness Of Benjamin Netanyahu”) and https://naegeleblog.wordpress.com/2010/02/20/israels-senseless-killings-and-war-with-iran/ (“Israel’s Senseless Killings And War With Iran”)

[5]  See https://en.wikipedia.org/wiki/List_of_religious_populations#Adherent_estimates_in_2019 (“List of religious populations: Adherent estimates in 2019”)

[6]  See https://naegeleblog.wordpress.com/2015/12/06/islamophobia-is-un-american/ (“Islamophobia Is Un-American”) and https://naegeleblog.wordpress.com/2010/02/26/america-a-rich-tapestry-of-life/ (“America: A Rich Tapestry Of Life”)

[7]  See https://naegeleblog.wordpress.com/2010/02/20/israels-senseless-killings-and-war-with-iran/#comment-544 (“Why I Write And Say What I Do”)

[8]  See https://naegeleblog.wordpress.com/2009/12/05/is-barack-obama-a-racist/ (“Is Barack Obama A Racist?”); see also https://naegeleblog.wordpress.com/2019/11/15/when-will-barack-obamas-trial-for-sedition-begin/ (“When Will Barack Obama’s Trial For Sedition Begin?”) and https://naegeleblog.wordpress.com/2019/07/29/barack-obama-is-responsible-for-americas-tragic-racial-divide/ (“Barack Obama Is Responsible For America’s Tragic Racial Divide”) and https://naegeleblog.wordpress.com/2018/05/24/should-barack-obama-be-executed-for-treason/ (“Should Barack Obama Be Executed For Treason?”) and https://naegeleblog.wordpress.com/2017/10/20/the-real-russian-conspiracy-barack-obama-the-clintons-and-the-sale-of-americas-uranium-to-russias-killer-putin/ (“The Real Russian Conspiracy: Barack Obama, The Clintons, And The Sale Of America’s Uranium To Russia’s Killer Putin”)





Will The Little Rocket Man Opt For A Grand Future In North Korea?

27 12 2019

  By Timothy D. Naegele[1]

Pat Buchanan—an adviser to Presidents Richard Nixon, Ronald Reagan and Gerald Ford, and a former GOP presidential aspirant himself—has written an article entitled “Is ‘Little Rocket Man’ Winning?”:

As of Dec. 26, Kim Jong Un’s “Christmas gift” to President Donald Trump had not arrived. Most foreign policy analysts predict it will be a missile test more impressive than any Pyongyang has yet carried off.

What is Kim’s game? What does Kim want?

He cannot want war with the United States, as this could result in the annihilation of the Kim family dynasty that has ruled North Korea since World War II. Kim is all about self-preservation.

What he appears to want in his confrontation with Trump is a victory without war. In the near-term, Kim seeks three things: recognition of his regime as the legitimate government of North Korea and its acceptance in all the forums of the world, trade and an end to all U.S. and U.N. sanctions, and a nuclear arsenal sufficient to deter a U.S. attack, including missiles that can strike U.S. bases in South Korea, Japan, Guam, and the Western Pacific. And he seeks the capability to deliver a nuclear warhead on the U.S. mainland.

Nor is this last goal unreasonable from Kim’s vantage point.

For he knows what became of the two other nations of George W. Bush’s “axis of evil” that failed to develop nuclear weapons.

Saddam Hussein’s Iraq was invaded, and he was hanged and his sons hunted down and killed.

The Ayatollah’s Iran negotiated a 2015 nuclear deal with America and opened up its nuclear facilities to intrusive inspections to show that Tehran did not have a nuclear weapons program.

Trump came to power, trashed the deal, reimposed sanctions and is choking Iran to death.

Moammar Gadhafi surrendered his WMD in 2004 and opened up his production facilities. And in 2011, the U.S. attacked Libya and Gadhafi was lynched by a mob.

Contrast the fate of these regimes and rulers with the Kim family’s success. His father, Kim Jong Il, tested nuclear weapons and missiles in defiance of U.S. warnings, and now the son is invited to summits with the U.S. president in Singapore and Hanoi.

If Kim did not have nuclear weapons, would American presidents be courting him? Would U.S. secretaries of state be visiting Pyongyang? If Kim did not have nuclear weapons who would pay the least attention to the Hermit Kingdom?

Undeniably, with his promised “Christmas gift,” possibly a missile capable of hitting the U.S., Kim is pushing the envelope. He is taunting the Americans. We have told him what he must do. And he is telling us where we can go.

But by so doing, Kim has put the ball squarely in Trump’s court.

The question Trump faces: Is he prepared to accept North Korea joining Russia and China as a third adversarial power with the ability to launch a nuclear strike on the continental United States?

And if U.S. sanctions are insufficient to force Kim to “denuclearize,” as seems apparent, is Trump prepared to force him to do so? Is Trump prepared to use “fire and fury” to remove Kim’s nukes?

With 28,500 U.S. troops and thousands of U.S. citizens in South Korea, many within artillery range of the DMZ, is Trump prepared to risk a clash that could ignite a second Korean War in the election year 2020?

Is the president prepared for whatever that might bring?

How does this confrontation play out?

A guess: The U.S. has lived with North Korea’s nuclear weapons for a decade, and Trump is not going to risk a second Korean conflict with a military attack on Kim’s nuclear and missile arsenals. Kim Jong Un and his father have created a new reality in Korea, and we are going to have to live with it.

Where does East Asia go from here?

South Korea has twice the population of the North and an economy 40 times as large. Japan has a population five times that of North Korea and an economy 100 times as large.

If the U.S. treaty guarantees, dating to the 1950s, to fight for these two nations come into question as a result of America’s reluctance to face down Pyongyang more forcibly on its nuclear arsenal, these nations are almost certain to start considering all options for their future security.

Among these are building their own nuclear arsenals and closer ties to the one nation that has shown it can discipline North Korea — China.

Much is on the line here.

Kim’s challenge is ultimately about the credibility of the United States, which has treaty commitments and issued war guarantees to scores of nations in NATO Europe, the Mideast and East Asia, but whose people have zero interest in any new war, especially a second Korean War.

If the world sees that America is reluctant to face down, or fight a North Korea that is threatening us, will they retain the old confidence that the United States will risk war for them?

What Kim is undermining is not just U.S. security but U.S. credibility.[2] 

Buchanan has neglected to mention several vital issues.

First, President Trump essentially guaranteed Kim Jong-un and North Korea a bright future if it joined the “family of nations” and did not expand its nuclear arsenal.  In other words, Kim might “have his cake and eat it too.”  

Second, there is no question that the totally-despicable congressional Democrats have harmed America’s standing around the globe by pursuing their goal of impeaching the President.  This was initiated and set in motion by the un-American racist and anti-Semite Barack Obama, who must be prosecuted for treason and his other crimes, and imprisoned at the very least.  Otherwise, no American should ever believe in our system of justice again.[3]

Third, China and Russia are pursuing policies that are at odds with those of the United States, and playing their Kim Jong-un/North Korean cards in the process, with the aim of producing a united front at a time of perceived weakness on the part of our President because of the impeachment efforts.  With the President’s reelection next year and/or the end of the impeachment “sham,” all three nations may be much more willing to cut deals with the United States, which are in our best interests. 

 

 

© 2019, Timothy D. Naegele


[1]  Timothy D. Naegele was counsel to the United States Senate’s Committee on Banking, Housing, and Urban Affairs, and chief of staff to Presidential Medal of Freedom and Congressional Gold Medal recipient and former U.S. Senator Edward W. Brooke (R-Mass). He and his firm, Timothy D. Naegele & Associates, specialize in Banking and Financial Institutions Law, Internet Law, Litigation and other matters (see www.naegele.com and https://naegeleblog.files.wordpress.com/2019/11/timothy-d.-naegele-resume-20-1-1.pdf). He has an undergraduate degree in economics from the University of California, Los Angeles (UCLA), as well as two law degrees from the School of Law (Boalt Hall), University of California, Berkeley, and from Georgetown University. He served as a Captain in the U.S. Army, assigned to the Defense Intelligence Agency at the Pentagon, where he received the Joint Service Commendation Medal (see, e.g., https://en.wikipedia.org/wiki/Commendation_Medal#Joint_Service). Mr. Naegele is an Independent politically; and he is listed in Who’s Who in America, Who’s Who in American Law, and Who’s Who in Finance and Business. He has written extensively over the years (see, e.g., www.naegele.com/whats_new.html#articles), and can be contacted directly at tdnaegele.associates@gmail.com

[2]  See https://buchanan.org/blog/is-little-rocket-man-winning-137932; see also https://naegeleblog.wordpress.com/2019/08/13/china-is-americas-enemy-and-the-enemy-of-free-people-everywhere/ (“China Is America’s Enemy, And The Enemy Of Free People Everywhere”) and https://naegeleblog.wordpress.com/2017/10/20/the-real-russian-conspiracy-barack-obama-the-clintons-and-the-sale-of-americas-uranium-to-russias-killer-putin/ (“The Real Russian Conspiracy: Barack Obama, The Clintons, And The Sale Of America’s Uranium To Russia’s Killer Putin”) and https://naegeleblog.wordpress.com/2015/11/29/the-death-of-putin-and-russia-the-final-chapter-of-the-cold-war/ (“The Death Of Putin And Russia: The Final Chapter Of The Cold War”) and https://naegeleblog.wordpress.com/2010/12/22/the-next-major-war-korea-again/ (“The Next Major War: Korea Again?”)

[3]  See, e.g., https://naegeleblog.wordpress.com/2019/11/15/when-will-barack-obamas-trial-for-sedition-begin/ (“When Will Barack Obama’s Trial For Sedition Begin?”) and https://naegeleblog.wordpress.com/2019/07/29/barack-obama-is-responsible-for-americas-tragic-racial-divide/ (“Barack Obama Is Responsible For America’s Tragic Racial Divide”) and https://naegeleblog.wordpress.com/2018/05/24/should-barack-obama-be-executed-for-treason/ (“Should Barack Obama Be Executed For Treason?”) and https://naegeleblog.wordpress.com/2017/10/20/the-real-russian-conspiracy-barack-obama-the-clintons-and-the-sale-of-americas-uranium-to-russias-killer-putin/ (“The Real Russian Conspiracy: Barack Obama, The Clintons, And The Sale Of America’s Uranium To Russia’s Killer Putin”) and https://naegeleblog.wordpress.com/2009/12/05/is-barack-obama-a-racist/ (“Is Barack Obama A Racist?”) 








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