CULTURE OF CORRUPTION: Manhattan D.A. Spent $250K in Asset Forfeiture Funds on Fine Dining and Luxurious Travel: The expenses included five-star Parisian hotels and sumptuous dinners.

via reason: Manhattan District Attorney Cy Vance spent nearly $250,000 over the past five years from a state asset forfeiture fund on fine dining, first-class airfare, and luxurious hotels, according to public records obtained by The City, a nonprofit news outlet in …

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The End of Civil Asset Forfeiture – NOT!

by Mark Nestmann On February 20, the Supreme Court unanimously ruled that the Eighth Amendment prohibition against “excessive fines and fees” applies to the states in civil forfeiture cases and other civil, non-criminal proceedings. The case involved a man named Tyson …

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90% of the 70 asset classes tracked by Deutsche Bank and cited in the WSJ are on track to post negative returns for the year. The previous high was in 1920, when 84% of 37 asset classes were negative

via MarketWatch: Havens? What havens? If you emerge from this year mostly unscathed, count your blessings, because unless things change in a hurry, 2018 is about to make a dubious mark on history. This chart pretty much tells the story: …

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Famous Asset Bubbles within 9 Yrs of Peak

Famous Asset Bubbles within 9 Yrs of Peak Bitcoin 2011-2017: 66xTulip Mania 1617-1622: 53xNasdaq 1991-1999: 13xOil 2001-2008: 7xSilver 2004-2013: 6xMiami Condo Mkt 1998-2007: 6xNikkei 1982-1990: 5xNasdaq 100: 2009-2017 5xUS Stocks Dow 1921-1929: 5x v @BearTrapsReport — Lawrence McDonald (@Convertbond) November …

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