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October 27th, 2014

10/27/2014

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Look below to see what will be on the 2014 election ballot for Maryland -------

WHY DO YOU THINK THERE IS ALL KINDS OF BOND PROJECTS ON THE BALLOT FOR BALTIMORE JUST BEFORE A BOND MARKET CRASH???????


VOTE NO TO BOND ISSUES ON THE BALLOT AND YES FOR RECOVERING MASSIVE FRAUD AND ENDING GOVERNMENT CORRUPTION TO PAY FOR ALL NEEDED PUBLIC WORKS!



The
Walters Art Museum, located in the City of Baltimore, Maryland's Mount Vernon-Belvedere neighborhood, is a public art museum founded and opened in 1934, with collections being created going back to the mid-19th Century.


Non Profit Summary

Baltimore Museum Of Art Inc
is a non profit corporation located in Baltimore, Maryland. Charitable donations to this organization are deductible. This organization benefits arts, culture and humanities, focusing specifically on art museums programs. The organization IRS foundation code is a 170(b)(1)(a)(vi) organization, which indicates it receives a substantial part of its support from a governmental unit or the general public. The technical IRS classification for Baltimore Museum Of Art Inc is a charitable organization.



Right now the public owns the Walters Museum  and has a substantial investment in the Baltimore Museum of Art.  How do you hand ownership back to the rich?  Tie them to bond leverage as the bond market crashes and private investment firms will get them.
  I have already talked of the crazy school building bond deal to hand our public school buildings to private investment firms.

As I tell these crooked pols every time they sign these contracts that create massive amounts of debt for the citizens of Baltimore and Maryland for decades------

WE CAN REVERSE THESE CONTRACTS IN COURT BECAUSE THEY ARE ALL AGAINST THE PUBLIC INTEREST----THEY ARE PUBLIC MALFEASANCE BECAUSE OUR POLS KNOW THE BOND MARKET WOULD CRASH.


Why is no one moving to court with these public contracts that are not in the public trust?  It is not about race, class, or creed-----IT IS ABOUT PUBLIC STRUCTURES BEING HANDED TO PRIVATE HANDS EN MASSE!


Legal Challenges to Awarding of Public Contracts


A low bidder is ordinarily entitled to reasonable notice and a hearing prior to rejection of the bid unless the bidder has blatantly failed to comply with a specific contract provision, such as the minority contractor requirement. Unsuccessful bidders can start lawsuits that challenge the rejection of their bids and the awarding of a public contract to another bidder. Because public contracts are matters of public interest, taxpayers can also contest the award of a contract.

The courts ordinarily will not interfere with an action of a public official or body in accepting or rejecting bids and awarding a contract, provided that the official or organization made it fairly and honestly, in good faith, and in the interest of the public. An award that was made arbitrarily or capriciously or as result of favoritism or fraud will be subjected to judicial scrutiny. There should be a reasonable time interval between the opening of the bids and the execution of a public contract to allow a disappointed bidder to bring any complaint before a court for Judicial Review.

Contracts executed by public officers who do not have the authority to make contracts are void and unenforceable. A contract is void if the bidder has failed to comply with competitive bidding requirements. A contractor has the responsibility to learn whether the contract complies with the law. In general, once the courts declare a public contract void, the contractor cannot recover unpaid claims, but the government can recover any payments it made under the contract. A public entity may be obligated to pay the reasonable value of the benefits received under a void contract but only in the absence of a statutory prohibition against such arrangements.

_________________________________________

I want to look towards the coming election next week to particular issues -----remember, the reason only neo-liberals are allowed to participate in primaries in Maryland is that Maryland is moving towards Trans Pacific Trade Pact and global corporate rule than any other state---the Republican Hogan is standing and laughing at a challenger to the right of him===Anthony Brown.  I thank everyone from around the nation for validating my election lawsuit.  Citizens in Maryland do not even know election rigging is happening because we have no public education on political policy.  Civics is all but gone from the public school education.  My court case is indeed valid and we have had the Baltimore City Circuit Court dismiss it as 'no crime committed'. 

WE ALL KNOW FEDERAL 501C3 AND FCC ELECTION LAWS!

I will be going all the way to the Supreme Court with this if it is not addressed in the Maryland courts.

I was speaking of loading the state with credit bond and leverage debt in order to force default on all the public projects tied to these financial deals as a way to privatize ever more public assets.  Let's look at what is happening that the most Baltimore voters do not even understand.....first, wonder why Baltimore has all of these bond issues?

On the Baltimore City ballot voters will see:


Question A--------Bond Issue --School Loan

$34,000,000 to be used for acquisition of land or property to construct and erect new school buildings, athletic and auxiliary facilities.

Question B-----Bond Issue
Recreation and Parks and Public Facilities Loan

$47,000,000 to be used for community, commercial, and industrial development programs to improve cultural life and tourism.

Question C------ Bond Issue
Baltimore Museum of Art Loan

$400,000 for acquisition of land or property in connection with the Baltimore Museum of Art.

Question D-------Walters Art Museum

$400,000 to be used for upgrades of this institution.


OH, THAT'S RIGHT, A BOND MARKET CRASH IS COMING AND THEY WANT ALL THESE INSTITUTIONS IN THE HANDS OF PRIVATE INVESTMENT FIRMS. 

Right now these museums are in public trusts------The citizens of Baltimore own these museums.  How do you hand ownership back to the rich?  Tie them to bond leverage as the bond market crashes.


_______________________________________

Now, we know the bond market will crash and soon.  The Obama terms have super-sized the bond bubble to blow up the public sector just as Bush super-sized the housing bubble to move real estate into the hands of investment firms.  It is all tied to the FED ending the manipulations that created this mess just as the FED decided the timing of the 2008 crash by ending its support to the financial industry leveraging.  Remember, they choose to crash the economy just as elections hit so the incoming President is then allowed to appear only to be able to save the economy by any means--------

ERGO------BAIL OUT THE RICH AND SEND MORE AND MORE WEALTH TO THEM TO SHORE UP THE ECONOMY AND CUT SPENDING ON PUBLIC PROGRAMS TO PAY DOWN THE DEFICIT!

Below you see the Clinton-inspired Tech Bubble crash that just so happened during the election season of Bush/Gore.  Whether Gore or Bush won-----the economic crash would have made the early term all about shoring up the economy by bailing out the corporations to create jobs.


The Dot Com Bubble Burst That Caused The 2000 Stock Market Crash


Bush was elected president in 2000 after a close and controversial election

***********************

Then we had the Housing Market crash in 2008 that happened during the election of race between Obama and McCain.  Happened just before the election and gave Obama the excuse of having to bail out the banks and send lots of stimulus to corporations for job recovery.


Here we have the FED choosing in late summer 2008 to stop propping up an imploding market-----and  VOILA,  Bush installs policy that Obama continues for the good of the country.




The 2008 financial crisis was an “avoidable” disaster caused by widespread failures in government regulation, corporate mismanagement

2008 financial crisis (Collapse/bailout phase): September/October 2008


What the Fed did
  • On Sept. 8, 2008, the U.S. Treasury seized control of mortgage giants Fannie Mae and Freddie Mac and pledged a $200 billion cash injection to help the companies cope with mortgage default losses.
  • About a week later the government bailed out American International Group Inc., or AIG, with $85 billion.
  • The Fed refused to save Lehman Brothers and the company was forced to file for bankruptcy. Some of the largest financial institutions were on the verge of collapse as the mortgage market melted down. As the crisis hit the global market, the credit freeze spread.
  • The Treasury and the Federal Reserve began working on a $700 billion bailout plan.
  • President George W. Bush signed the bailout plan into law Oct. 3. 
  • Weeks later, on Oct. 29, the Fed cut the key interest rate to 1 percent.





Barack Obama Wins 2008 Election: President Obama Becomes ...November 2008

********************************************

I want to remind everyone that I have been stating this Wall Street plan for years-----all through the several years of Obama's terms.  I knew this was the goal as did your national labor and justice leaders and as did the US media.  If your political pundits or media outlets haven't been shouting about this like I did----

THEY ARE WORKING FOR GLOBAL CORPORATIONS TO KEEP THE AMERICAN PEOPLE IN THE DARK.  THIS IS WHY WE HAVE NO PROTEST AND KEEP VOTING FOR THE SAME POLS KILLING US!

Everyone knew the subprime mortgage fraud was creating a crash and they know this bond market policy is creating as crash.





BIS warns of 'violent' market crash as global stock markets ...
2015

'Violent' stock market crash could be round the corner as hidden liquidity crunch 'blows up' in investors' faces, warns think-tank By Jane Denton For Thisismoney

Published: 08:49 EST, 15 October 2014 | Updated: 11:03 EST, 15 October 2014






United States presidential election, 2016
- Wikipedia,

The United States presidential election of 2016 will be the 58th quadrennial U.S. presidential election and is scheduled for Tuesday, November 8, 2016.




The FED watched as the US housing market operated with open fraud to allow that bubble to implode and again it is the FED policy that will maximize the damage to the US economy by pretending inflation is at zero percent when it is growing ever higher----the high inflation rate will make this crash far deeper and it is all planned by neo-liberals and neo-cons working to maximize global corporate wealth and power.

'Violent' stock market crash could be round the corner as hidden liquidity crunch 'blows up' in investors' faces, warns think-tank


By Jane Denton For Thisismoney

Published: 08:49 EST, 15 October 2014 | Updated: 11:03 EST, 15 October 2014


  • Bank of International Settlements warns of 'violent' market crash
  • Low levels of market volatility persist despite conflicts and crises across the world
  • Investors buying assets on the misguided presumption of a level of liquidity
  • Share prices continue to plummet as investor confidence decreases 
A potentially 'violent' stock market crash could be on the horizon as financial markets become dangerously stretched, a think-tank has warned.

The Bank of International Settlements said that suspiciously low levels of volatility in the markets seen this year suggest a lack of liquidity that could trip up investors who assume they can dispense of assets when a sell-off begins.


The speech came as the FTSE 100 index suffered another day of losses, dropping 2.8 per cent and mirroring falls across Europe: Greece's stock market trading was down 9 per cent at one point today.

+3 The beginning of the end?: The BIS has warned of a 'violent' market crash as low volatility in the markets continues despite a series of major global and political problems.

Guy Debelle of BIS said global investors were buying assets on the misguided presumption of liquidity that does not exist and that in a possible sell-off, volatility and price movements ‘will be exacerbated by the reduced capacity and inventory of market makers’.


Despite a string of potentially destabilising issues - including heightened tensions in the Middle East and Eastern Europe, uncertainty about the turning point in US monetary policy and increased concerns over China’s economy - the BIS observed that volatility in fixed income, equity and foreign exchange markets has fallen to ‘historically low levels’.

Speaking in Sydney, Debble, who is also an executive at Australia’s Reserve Bank, said: ‘While there is more forward guidance from central banks in place than in the past, investors do not have to believe it’. 

He added, ‘I find it somewhat surprising that the market (in aggregate at least) is willing to accept the central banks at their word and not think so much for themselves’.

A sizeable number of investors who are currently presuming that they can exit their positions ahead of any sell-off may, according to Debelle, struggle as ‘exits tend to get jammed unexpectedly and rapidly’.

Citing the US bond crash of 1994, Debelle warned that exits in the present bonds market could be even more violent in future with ‘a fair chance that volatility will feed on itself’.

Problems with subsequent sell-offs are also compounded as interest rates remain at zero across much of the industrial world. Debelle said, ‘That is a point we haven’t started from before. There are undoubtedly positions out there which are dependent on (close to) zero funding costs. When funding costs are no longer close to zero, these positions will blow up’ 

+3 A gloomy outlook: share prices have fallen in recent months as investor confidence also takes a tumble.

Debelle also referred to tightened regulation in the sector introduced in the wake of the financial crisis, adding: ‘Regulatory changes have, as intended, increased the cost of market-making, and hence shifted some liquidity risk to end investors. There have also been some strategic decisions taken by institutions and internal constraints have been imposed which have reduced capacity’.

Despite being certain that low levels of volatility will cease, Debelle could not say when or why: ‘What will cause it to end? I really don’t know, as any of the events I mentioned earlier could have been a trigger for more volatility, but clearly they weren’t’.

The combination of pricing and volatility anomalies and misplaced perceptions in certain segments of the market is, according to Debelle, a ‘dangerous combination and unlikely to be resolved smoothly’.


World growth has been running at around 3.5 per cent for the past few years and recent forecasts have it set to continue at that pace for the next year or so.

But, global debt ratios are high and emerging markets have, with varying levels of success, been drawn into the ring over the last five years or so. Debt ratios in developed economies have risen by 20 percentage points to 275 per cent of GDP since the Lehman Brothers crash.



Earlier this year, BIS warned that rock-bottom interest rates had also led to ‘worrying’ signs of unsustainable growth in property and credit markets in some countries. In an effort to alleviate this problem, the US Federal Reserve is on course to bring its bond-buying programme to an end this October and is expected to begin raising interest rates next year.

BIS’s predictions and warnings may not come as a surprise to investors, as prices in stock markets across the world continue to plummet, just as they have done over the last few months.

‘Stock markets are getting battered again,’ said Craig Erlam, market analyst at City trading firm Alpari. ‘People have been talking for such a long time about when we will get a big correction in the markets but these figures suggest that they are under way and momentum is not slowing.’

UK-based stockbroker Hargreaves Lansdown said its investor confidence index is at the lowest level for two years. The last time it was this low, the FTSE 100 stood at 5,800. Laith Khalaf, senior analyst at Hargreaves Lansdown, said: ‘Negative sentiment is rife in the market right now, and indeed if you look around the globe there is no shortage of troubles to worry about’.   

Earlier this week, Chancellor George Osborne warned that ‘serious clouds’ were gathering on the horizon as the global economy reaches a critical juncture with the eurozone with the potential of a looming crisis. While noting the possible impact of the ebola crisis and ongoing conflicts in the Middle East and Ukraine, the chancellor said that the biggest risk to the UK economy at the moment is ‘the risk of the eurozone falling back into recession and into crisis’.




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    Cindy Walsh is a lifelong political activist and academic living in Baltimore, Maryland.

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