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5.29.2019 - Free Newsletter Bookmark

A bit ago, I was writing about how PJ Marx had his patent stolen by the US Government and ammunition contracts basically granted to someone else. That article spurred several questions, so I want to answer a few of them.
First off, I was asked if I knew about the story of Michael McKibben. Not only do I know of the story, I wrote a Sunday article about that situation. For those of you who think that some “just about average” college kid named Zuckerberg created the code for Facebook in “two weeks or so” you are greatly misguided.

The technology that allows social media to work, and that includes all of it from Facebook to Twitter to you name it, was actually created by Michael McKibben who started a company called Leader Technologies. In a true “Spy Novel” fashion, his creation was indeed stolen from him and handed over to Zucker, and a pool of important investors. This includes the CIA.

While I wrote a fairly extensive article about this maybe a year ago, I want to plagiarize some paragraphs from fbcoverup.com that will get you excited about how deep the deep state is. Think about this folks, the value of social networking that allows Facebook and twitter and instagrams etc, is in the TRILLIONS. This man and his team worked on this for years and solved the problem of scalability.
Here are some random paragraphs from the article:

Before inventing social networking, McKibben had competed with AT&T Bell Labs and won the contract to redevelop AT&T’s email system, AT&T Access Plus 3.0, in time for the release of Windows 95. See Fig. 20. He then established one of the first ten commercial websites hosted by AT&T WorldNet.
Coming off his AT&T success, McKibben founded Leader Technologies in Columbus, Ohio in 1997 and organized a “dream team” of technologists to implement his innovations. He had observed from AT&T’s customers worldwide that legacy systems were not able to scale to the capabilities of the emerging Internet. He and his dream team took two years before achieving the creative “ah hah” moment in late 1999. They discovered the Achilles’ heel of existing client-server and groupware assumptions that were all the rage back then. Because they had collectively built many of the world’s largest systems in banking, telecommunications, network services, messaging, accounting and defense, they knew their discoveries were novel.
McKibben also knew that their discoveries were too early since there were only 10 million total Internet users then. So, he filed for patents.
Working through referrals, McKibben was introduced to prominent law Professor James P. Chandler, III, in Washington, D.C. Chandler advised the White House, Congress, the Judiciary and American intelligence on intellectual property and security matters. McKibben was flattered by his immediate interest in Leader’s inventions. Chandler agreed that McKibben’s inventions were novel and immediately agreed to become Leader’s patent attorney and director.
Unbeknownst to McKibben, Chandler was a wolf in sheep’s clothing. Hindsight shows that Chandler, a prominent black law professor, was already on his own mission to fundamentally transform America ala Barack Obama, and he was busy building a spy state platform through which his clients at the NSA, FBI and intelligence could monitor everyone on the planet. He had already selected IBM as his client and platform of choice. While he liked Leader, he liked IBM better, and set out to steal Leader’s invention and give it to IBM. Notably, his main IBM contact was David J. Kappos, who was appointed director of the Patent Office in August 2009 by Barack Obama.

The Social Network movie about Facebook was a lie- misdirection to divert attention from the real thieves: Chandler, IBM, the Cartel and the emerging American Spy State

Leader subsequently discovered a major design problem that took a year to resolve. During 2003 Leader’s engineers worked to solve the problem. Chandler and his IBM Eclipse “PayPal Mafia” cronies-all Harvard alumni (Breyer, Hoffman, Li, Swartz, Summers, Chandler, Cohler . . . all except Peter Thiel and Joseph Lonsdale from Stanford)-had recruited a 19-year old programmer and Harvard student, Mark Zuckerberg, to be the front man at Harvard for their “next Bill Gates” narrative for a campus-wide facebook.
While Leader was debugging their code, Zuckerberg’s job was to prevent any other campus facebook from emerging before his. Three others were in the works: Winkelevoss Twins (Harvard Connection), Greenspan (houseSYSTEM) and Paul Ceglia (StreetFax/Facebook). Zuckerberg made programming deals with the Winklevosses and Ceglia then stonewalled them, and made false promises of cooperation with Greenspan to stall him.
Did that whet your appetite? It should have, and I urge you all to read this entire article. If you ever wondered how “some kid’ went from no one to superhero with his Facebook “invention” you’ll find he did NOT find the holy grail. McKibben did and they stole it from him. How would you like to work for years only to have your trillion dollar solution STOLEN from you?

Oh and by the way, the US patent office is actually administered by a British company called Serco, the largest company you've never heard of in your life. This foreign outfit has hundreds of US contracts, from wiring nuclear subs, to running US ports, etc.  Do some research on them if you want to understand "spying." 

Next up, I had a few folks write in and ask me what was so special about P.J’s Liberty ammunition, and my favorite ammo for defense, “Civil Defense?” The gun/self defense community is a peculiar place. Millions of gallons of digital ink is spilled as we argue back and forth about what’s best. Well, as I mentioned P.J. wanted to design something new, something “better” and he did. But old habits die hard and most of the gun community doesn’t understand the science he employed.

Most people flock to youtube and watch the FBI ballistic gel videos. Then they fixate on penetration of a bullet into the gel and “how far it goes” which is totally “bass ackwards” You don’t want penetrations of 16 inches! Anyway, they look at the loads with the furthest penetration, and longest wound channel and figure that’s the best.
Well no, that leads to over-penetration. That leads to a round going through an average man’s chest cavity and OUT THE BACK and into other people. PJ designed his ammo to travel at a ridiculous amount of speed, and then “dump” all that energy upon impact. He wanted all that velocity to deliver a lighter bullet, designed differently, and expend all that energy ‘in” the bad guy, not out his back and into the little girl walking behind him.
So that’s what he did. While in comparison tests against other self defense ammo, Civil defense comes up shy on penetration, and most people think “ok that stuffs no good” but they don’t understand the concept. Not only that, but ballistic gel is NOT meat and bone.
If you want a true idea of what different ammo does, you’re going to have to spend some money. Go to the grocer and get 5 big bone in hams. Then take them to a place where you can shoot them. Set them up on a table or hang them. Then try shooting them with different self-defense ammo. Take note of the damage they do to the ham, not if it flew out the back end of it. That’s wasted energy.
If you do this with a real ham, which is about as close as you’ll get to flesh and bone of a human, you’re going to see something amazing. Some rounds will do some damage and keep going. Some will do almost nothing except fly right through it. Then try the Liberty ammo.
It will be devastating and 90% of the time, the slug will still be in the ham. The damage will astound you, yet you haven’t had to worry about travel-through and hitting something behind your target.
The reason I carry his ammo is simple. In gelatin-like ballistic gel, Civil defense doesn’t look that hot. But out in the field, against real flesh and bone, it’s evident that if you wish to stop the attacker, this stuff will stop him. All we’re allowed as weapons holders is to “stop the threat” of bodily harm or death by an attacker. If I’m in a situation so dire that I’m going to shoot another human being, it’s going to be a life or death situation for me. Thus, I want the best chance of stopping that threat. Civil Defense does that.

If you have a weapon devoted to self defense, you cannot go wrong with this stuff. It’s all I carry.

The Market:
Wow, what a mess we’re in. Today at 11 am, Robert Mueller went on TV to make a “statement” about the Russia collusion thing. In that rambling hot mess, he announced he was retiring, and the investigation is closed.
But he kept the democrats hopes for impeachment alive, with some slick mumbo jumbo about how he couldn’t bring charges against Trump for obstruction, because it’s not legal to do to a sitting President. However he said it’s Congress’s job to do that sort of thing.
My take is simple. Trump, via AG Barr is now looking into the how and why of the whole sordid mess. Who started the investigation and upon what evidence. Well, the more you look the more you see that Obama, Hillary, the FBI, etc were all doing ILLEGAL spying, and creating fake paperwork, etc. Mueller wants out of town before he’s dragged down, and tossed the Democrats the bone to go after impeachment. My guess is that he wants the diversion from the “REAL” crimes.
Anyway the market hated what it heard at first, and puked for 400 points. The S&&P lost its 200 day moving average and for a few moments it looked like this could snowball lower. But no, the magic levitation began and by 1:30 they had recovered the 200 day.

However it didn’t last. We plunged again, with the DOW off almost 350 again and the S&P below it’s 200. Finally in the last hour, they cranked up the short covering and they pulled the levers and pushed the buttons and “walla!” we were down just 221 DOW points and 19 S&P’s at the close. Bravo plunge protection team, you’ve done it again!
So the S&P is 7 points above its 200 day moving average. Is it going to hold and bounce from there? Or, are we destined for lower? Let me ask a question:
Have you ever pondered something, so you took out a notepad and drew a line down the center of it. On one side of the line you listed the pro’s of something and on the other side, the con’s. Then the side that has the most entries decides your decision.

In our situation on one side of the line you’d have dozens and dozens of items- Slowing global growth, a 10 year old tired bull, Pimco says this is the riskiest credit market ever, Durable Goods -2.1%, Exp. -2.0%, Last 1.7% (from 2.6%) Cap Goods non defense ex air: -0.9%, Exp. -0.3%, Goldman cuts Q2 GDP estimate from 1.6% to 1.5%, US PMIs Crash As Business Confidence Collapses To 7 Year Lows,negative interest rates, China's retaliation warning, S. KOREA MAY 1-20 CHIP EXPORTS -33% Y/Y, "Overwhelming Military Response Needed": Graham Urges Trump, China suggests cutting rare earth metals to US, ...Uhm, should I go on?
On the other side of the ledger, the case for the market going up has just a few components. Central bank printing, stock buy backs, manipulations. That’s it. So, looking at things logically you have to deduce that we’re heading lower. I tend to think we will, but not in a straight line. I feel that they’ll stair step this market lower, trying to “control” the demolition.
Granted any really big break through with China on trade and we’ll gain 1000 DOW points in a day. But China’s having economic trouble of their own, it too probably won’t last.
I’m thinking that this market grinds lower. Yes there will be spurts higher, but in the big picture, what’s to keep it up other than the three things I mentioned, the CB’s, buy backs and manipulation? Nothing, but remember they are powerful. The Japanese Central bank owns 75% of their entire stock market. Don’t think our Fed’s won’t do the same.
If you play long side in here, be nimble folks. Volatility will rule. This market is broken big time, and black swans are everywhere. All it takes is one.

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