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THE AMAZING ARTBnk

ARTBnk_Condo

Dear Friends,

I have written to you about ARTBnk in the past. As we are about to move from a BETA state to an ALPHA state – finally commercially available – in days, you are invited to view and use the services free, for now.

ARTBnk has been in development for about three years. Twenty tech folks have labored to bring you a series of amazing services through the ARTBnk site or on the app free at the Apple store. Imagine taking a photograph of a painting (Monet to Condo) submitting it to your ARTBnk account and getting a real time ARTBnk valuation in less than a minute or download a photo from an auction catalogue and know its real value with comparables exhibited. All of this and much more. An art market database – free fully normalized (cleaned) database with full quality photos to see the history of auction sales of thousands of artist – a free service.

Is there an artist you want to follow – to buy or sell? Get free alerts with photos and auction information for any artist who interests you. The sales will be reported on all artists you choose – free.

Should you wish, you can access the most accurate collection management system. An accurate detailed inventory of your collection is available on your desktop or mobile app – free. All of this available to you now by visiting the ARTBnk site or getting the free ARTBnk app at the Apple store. Give us a try.

Asher Edelman

Chairman, ARTBnk

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Unhinged Donald Trump poses a threat to the US republic

Dear All,

The Financial Times editorial “Without Fear and Without Favour”, a well reasoned, articulate analysis of Trump’s celebration of his acquittal whereby he targeted “the liars” “human scum” “leakers” “corrupt cops” “evil on his presidency” and other verbiage towards the prosecution of his high crimes, misdemeanors and treason, has, in its well reasoned low key way, overlooked some frightening issues.

 

Trump’s behavior is without question an example of mental illness – out of control. I would like to believe he skipped his meds that morning but I fear he has crossed the line of psychosis; at least the rout was, indeed, an example of psychotic behavior.

 

Trump will not go away gently should he lose the election – should there be an election?

 

Should he sense defeat his first activity will be to go to war with Iran – Israel, the Saudis and the Emirates on board for the ride. Second, he will use every tool including “emergency powers” to rig or cancel the election. Third, should an election take place and he was to lose he will use his new found powers, the lame-duck senate, and the stacked Supreme Court to void the results. He has no intention of leaving office.

 

Expect the stock markets to continue to be supported (rigged) using taxpayer monies. Ask yourselves the likelihood of the economic statistics being real or adjusted by the administration.

 

The schizophrenics are always the persecuted in their own minds. Because of Trump’s growing entitlement theory, that is he is entitled to an extended term due to his and HIS nation being persecuted for this term and not able to complete the works he promised because of it.

Asher Edelman

Trump

the Editorial Board, Financial Times

February 7, 2020

Hell hath no fury like an acquitted Donald Trump. Another US president might have used this week’s reprieve to express some contrition for his excesses, or to call for national healing. Yet it is hard to imagine any of his predecessors — even Richard Nixon — soliciting foreign interference in an upcoming presidential election.

 

Mr Trump instead staged a White House celebration in which he targeted the “liars”, “human scum”, “leakers” and “corrupt cops” who had perpetrated this “evil” on his presidency. “It was all bullshit,” he said. In an epic of unchained venting, Mr Trump suggested he could be entering an even more worrying phase of his presidency. Having secured fealty from 52 of 53 Senate Republicans — with Utah’s Mitt Romney as the lone profile in courage — Mr Trump is now free to pursue vengeance on those who impeached him.

 

The last time a US president was acquitted after having been impeached was Bill Clinton in 1999 for having lied about sex with an intern. He apologised for his behaviour in a statement that took less than two minutes. Mr Trump spent an hour and two minutes declaring war on all who opposed him. Mr Romney and Nancy Pelosi, the Democratic Speaker of the House of Representatives, were top of his list.

 

No objective reading of what was presented to the House could escape Mr Trump’s guilt for “high crimes and misdemeanours”. Among the two articles of impeachment was obstruction of Congress. Mr Trump refused to co-operate with the inquiry. He deprived it of the witnesses and documents he was legally required to produce under the most conservative reading of the US constitution.

 

In the Senate trial, the president’s lawyers blocked any new evidence, including testimony from John Bolton, the former national security adviser. According to his forthcoming book, Mr Bolton directly witnessed Mr Trump’s attempts to extort political help from Ukraine’s president, Volodymyr Zelensky, in exchange for releasing almost $400m of US military aid.

 

Mr Trump taunted his accusers that they lacked direct witnesses while simultaneously forbidding witnesses from testifying.

 

Mr Trump treated the other article of impeachment — abuse of power — with the same mix of contempt. His lawyers argued that there were almost no limits on what a US president could do, including the diversion of public funds for political gain. This is known as the theory of the “unitary executive”. Mr Trump has reduced it to a caricature.

 

Under his reading, the US president is little different to a monarch. The only check on his power is voters. For all practical purposes the US electorate is now his chief restraint. Other than Mr Romney, now a pariah among Republicans, conservatives have swapped limited government for an untrammeled vision of executive power.

 

It is hard to overstate the danger a re-elected Mr Trump would pose to America’s system of checks and balances. Most pressing is what he could do in the eight months before the election to influence the outcome. This week showed there are no penalties for doing so. As a divided Democratic field heads to its first primary in New Hampshire, candidates should keep this top of mind.

 

Whatever their differences, which are in some respects deeply ideological, the priority should be to preserve the US constitutional order. They must nominate a strong and credible rival to Mr Trump. This week Mr Romney displayed principle and courage. History will celebrate those who follow his example.

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“I BELIEVE” by George Conway

Dear All,

This George Conway essay is too poignant to miss.

Best, Asher

Trump

by George Conway,

Washingtonpost, February 5th

George T. Conway III is a lawyer in New York and an adviser to the Lincoln Project, an anti-Trump super PAC.

I believe the president, and in the president.

I believe the Senate is right to acquit the president. I believe a fair trial is one with no witnesses, and that the trial was therefore fair. I believe the House was unfair because it found evidence against him. I believe that if the president does something that he believes will get himself reelected, that’s in the public interest and can’t be the kind of thing that results in impeachment.

I believe former national security adviser John Bolton has no relevant testimony because he didn’t leave the White House on good terms.

I believe the president’s call was perfect. I believe he is deeply concerned about corruption in Ukraine. I believe the president can find Ukraine on a map.

I believe Ukraine interfered with the 2016 election, and that the intelligence community’s suggestion otherwise is a Deep State lie. I believe the Democratic National Committee server is in Ukraine, where CrowdStrike hid it.

I believe President Barack Obama placed a “tapp” on the president’s phones in 2016, and that the Russia investigation was a plot to keep him from winning, even though the plotters didn’t think he could win.

I believe former special counsel Robert S. Mueller III was conflicted because he quit one of the president’s golf clubs, and that he and his Angry Democrats conducted a Witch Hunt to destroy the president. But I believe Mueller’s report totally exonerated the president, because it found no collusion and no obstruction.

I believe it would be okay for the president to say he grabs women by their p—–s, because he is a star, and stars are allowed to do that. But I believe he didn’t say that, even though he apologized for it, because I believe the “Access Hollywood” tape was doctored, because he said it was.

I believe E. Jean Carroll lied when she accused the president of rape, because he said she’s not his type. I believe the dozens of other women who accused him of sexual misconduct are also lying, because he would never think of grabbing them by their p—–s or anything else.

I believe the president didn’t know Michael Cohen was paying off porn star Stormy Daniels, and that Cohen did it on his own, because the president had no reason to pay her off. I believe the president was reimbursing Cohen for his legal expertise.

I believe the president is a good Christian, because TV pastors say so, and that it’s okay he doesn’t ask for God’s forgiveness, because he doesn’t need to, since he’s the Chosen One. I believe the president knows the Bible, and that two Corinthians are better than one.

I believe the president wants to release his taxes but has not because he’s under audit, which is why he has fought all the way to the Supreme Court not to disclose them. I believe he will disclose them when the audit is over, and that they will show him to be as rich and honest as he says he is.

I believe the president is a very stable genius, and that he repeatedly tells us so because it’s true.

I believe the president can spell. I believe any spelling mistakes he makes are because he’s a very busy man who doesn’t watch much TV, or because he’s intentionally triggering the libs.

I believe Hurricane Dorian was headed straight for Alabama. I believe the president’s map wasn’t altered with a Sharpie, and that if it was, he didn’t do it, since he didn’t need to because he was right.

I believe the president didn’t call Apple’s CEO “Tim Apple,” and that he said “Tim Cook of Apple” really, really fast, but that if he did say “Tim Apple,” it was to save words, which he always tries to do.

I believe windmills are bad and cause cancer. I believe there was a mass shooting in Toledo and that there were airports during the Revolution, because the president said so.

I believe the president is defeating socialism, despite the subsidies he’s paying to save farmers from his protectionism and the $3.2 trillion he’s added to the national debt during his term.

I believe the president has made tremendous progress building the wall, that Mexico paid for it in the trade deal, that the wall will soon run from San Diego to the Gulf of Mexico, that it will stop those caravans cold, and that it won’t fall down.

I believe the president has a 95 percent approval rating among Republicans, and that there’s no need to cite polls for that.

I believe the president had the largest inaugural crowd ever, regardless of what any photos from liberal bureaucrats might show.

I believe there is no longer a nuclear threat from North Korea.

I believe China pays all tariffs levied on imported Chinese goods.

I believe the president is truthful. I believe the Fake News media lied each of the 16,241 times they have said he has made a false or misleading claim.

I believe the president is selfless, and always puts the nation’s interests first. I believe he isn’t a narcissist, but he’d be entitled to be one if he were one. I believe the president would never exercise his presidential powers to advance his personal interests, but if he did, that would be okay, because whatever is in his personal interests is necessarily in the nation’s interests as well.

I believe Article II of the Constitution gives the president the right to do whatever he wants.

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Donald Owns The Economic Swamp

Donald Trump In the Swamp

Dear Voters,

Democrats – Republicans – Independents,

Though the Trump administration, primarily the President, himself, has a record of over 15,000 lies since taking office generally one continues to believe the economic statistics released under the Trump wing. I do not.

Though the Trump administration has been clear about the importance of stock market performance to the political future of Mr. Trump, it has not told you about intervening to support and pump the market with taxpayer money almost on a daily basis. Yes, $1.0trillion plus deficit and your taxes are going to support Trump’s political strategy of a continuous bull market.

If not of interest to you or you doubt my observations you might just read the attached Financial Times article – far less sensational than my observations – but a pretty good wake up call.

May our prayers be answered – A non-Trump future world where we don’t have to count the lies.

P.S. As he is germophobic, perhaps we won’t have to tolerate his appearances at racist rallies for a while.

Asher Edelman

 

A Plot Twist In Trump’s US Growth Story

Trump FT

By Rana Foroohar, Financial Times

Is growth an illusion? These words were sculpted in neon in the front window of the Deutsche Bank salon on the Promenade in Davos at the World Economic Forum last week. My first thought was that for the German financial institution, the answer may be yes. My second was to ponder the divide between the American business community, which seems to have bought into President Donald Trump’s view that the US economy is a “roaring geyser of opportunity”, and the opinions of many others, including numerous high-level market participants.

While the US economy is certainly doing better than many of us expected — we are experiencing the longest economic expansion on record — the idea that we are in an “economic boom” is an illusion. Last quarter’s growth was just 2.1 per cent, less than the 2.4 per cent average of President Barack Obama’s second term, according to the Bureau of Labor Statistics. That is a remarkably lacklustre performance when you consider the stimulus provided by tax cuts that have led to a $1tn deficit, the largest in peacetime history.

Investment, meanwhile, began to decline in 2019, according to the Bureau of Economic Analysis. No wonder. The fact that the US Federal Reserve appears to be trying to monetise America’s debt in order to ensure that the country can pay its bills is hugely worrisome to many investors.

It is also a key reason that we have the strangely bifurcated market story of the moment, one that is split equally between bullishness on equities and safety assets like bonds or gold.

One investor told me recently he had no doubt that deficit spending, political risk and a lack of investment in research and development and infrastructure would cause investors to leave US markets eventually. But, until his algorithms told him to get out, he’d have to stay the course. As the former Citigroup boss Chuck Prince put it, “as long as the music is playing, you have to get up and dance”.

The Trump team’s own economic views are just as bifurcated as the markets. While in Davos last week, the president said that the US central bank had “raised rates too fast and lowered them too slowly”. He also mused on the benefits of the negative interest rates in other nations: “They get paid to borrow money, something I could get used to very quickly. Love that.”

His economic adviser Larry Kudlow, on the other hand, called sub-zero yields and aggressive monetary policy “ineffectual”. Mr Kudlow is pushing the story that it is fiscal stimulus, in the form of tax cuts and deregulation, that is responsible for US growth. But while the tax cuts themselves bolstered markets, the money that has been saved went mostly into corporate stock buybacks. That is not the same as a productivity-led growth boom. As for deregulation, there is plenty of research to show it has done very little for the US economy.

Unfortunately, most of the chief executives I spoke to in Davos are willing to go along with the “roaring geyser” narrative. Part of their willingness to suspend disbelief seems to be to do with the easing of tensions between the US and its major trade partners.
Business people are happy with the recently approved US-Mexico-Canada Agreement, which Mr Trump is due to sign this week. They are also grateful for the pause in open hostility with China after the signing of phase one of a trade deal between the two nations.

Certainly, despite the US president’s boasts to the contrary, there has been no real improvement in America’s trading position. The overall US goods and services deficit widened from $503bn in 2016, to $628bn in 2018, and in the first three quarters of 2019 it was already at $473bn, according to the US Bureau of Economic Analysis. That fact was one of many in a pamphlet compiled by World Economic Forum attendee and liberal economist Joseph Stiglitz. His wife, the academic Anya Schiffrin, distributed the leaflets during Mr Trump’s speech in Davos (she was escorted out by security, but later praised privately by staffers).

Fear of the economic policies proposed by the left is, of course, one of the things that has driven businesspeople into the arms of Mr Trump. And on that front, there are disturbing historical parallels.

The political scientist and historian Robert Paxton’s book The Anatomy of Fascism makes the point that the rise of extremists in many of the European countries where they attained real political power, was aided by the fact that businesses worried more about the possibility of wealth redistribution than about the threat of political extremism.

My own concern is that too many in the American business community may be willing to re-elect a president who will sacrifice core national values simply because they think he can deliver another quarter of growth. But even that promise isn’t assured.

George Soros, the liberal financier and philanthropist — and a man who knows something about fascism — put Mr Trump in the bucket of “would be or actual dictators”, alongside Russia’s Vladimir Putin and China’s Xi Jinping, in his own Davos speech. He pointed out that “an overheated economy can’t stay at the boiling point for too long”. If Mr Trump’s stoking of an already heated economy had happened closer to the elections, it would have assured him victory, Mr Soros said.

“His problem is that the elections are still 10 months away and in a revolutionary situation, that is a lifetime.”

Read More at the Financial Times

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Why Trump Should Be Impeached

Dear Friends,

On December 18th, 2018 I conveyed to you a paper (Decency and Democracy) written by one of the great attorneys in the U.S. We agreed at that time and once again that he would remain anonymous for the safety and security of his family and himself. My friend is neither healthy nor young and cannot be subjected to the drubbing of the Trump camp. The boys, Donald included, can pick on someone else. They will certainly seek out a scapegoat. Brace yourselves for a calm rational analysis of the criminal president, Donald Trump.

Asher Edelman

Holding MOney.jpg

Why Trump Should Be Impeached

The United States is, and has been, a country of immigrants. It began as a vast area that hosted native Indians. Columbus, and other adventurers from European lands, were explorers. Explorers who came to America were settlers of many different classes, ambitions, homesteaders, and risk takers. Over the course of time and discovery, this new land was found to straddle both the Atlantic and Pacific oceans and to harbor the immigrants who became the backbone of a nation. These immigrants of many traditions, languages, laws, and cultures, raised this country to great heights.
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?A REPEAT?

Mnuchin and Powell

THE U.S. DEFICIT IS NOW BEING FUNDED BY THE FEDERAL RESERVE THROUGH THE REPO MARKET. WHICH MEANS: THE U.S. GOVERNMENT IS PURCHASING U.S GOVERNMENT DEBT EQUAL TO CURRENT ISSUANCE BY THE TREASURY. THE BANKS HAVE RUN OUT OF LIQUIDITY. FOR DIFFERENT REASONS A REPEAT OF 2006, 2007, 2008.

 

Asher Edelman
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DUMP TRUMP

Dear Republican Friends,

It is becoming evident that Donald Trump and Mike Pence will not win nor, perhaps, even be contenders for President in the next election. What should a serious Republican, politician or supporter do? It seems clear to me. DUMP TRUMP and sponsor a candidate with good honest history who is presidential in his behavior and persona.

Probably such a candidate, middle of the road leaning conservative would have a chance. Why not Mitt Romney? He might even tap the undecided and some Democratic votes. The war of hate dividing the country and its governance would fade away and the Republican party might regain the footing it loses daily with Trump. What a service to the party! What a service to the country!

DUMP TRUMP.

 

Sincerely,

Asher Edelman