The response to this bogus choice towards Trump is simply overwhelming. I can’t even inform you what number of emails have are available, all getting the purpose and confirming it’s time to get the hell out of New York. They’ve proven the whole world that no rule of regulation is left standing.
As a world hedge fund supervisor, the #1 evaluation you might want to make is COUNTRY RISK. Is it protected to speculate there, and is there a sturdy rule of regulation which you could depend on to safe your funding? That’s the reason you don’t spend money on international locations like Iran, for they’d their revolution and nationalized all personal belongings. Russia did the identical throughout the Communist Revolution of 1917.
Even throughout the American Revolution, they confiscated the belongings of anybody who supported the king. These confiscated belongings turned the backing for forex.
Now we’ve got Metropolis & State Danger. There’s already a mass migration underway from Blue States to Crimson States. This may solely speed up this advance. I’m warning purchasers that the longer they wait to have property to promote in NYC, the higher the loss they are going to face. Promote now earlier than there is no such thing as a bid.
The Rule of Regulation has utterly collapsed in New York Metropolis. It’s now not funding grade for there is no such thing as a attainable option to safe your property. One lawyer who wrote in, and listed below are his feedback, which must be reviewed rigorously:
Hello Martin.
I’ve three issues to move on to you:
First, you’re completely appropriate. Does the vast majority of the New York enterprise group actually know what Decide Engoron did? … Engoron and Hochul confirmed that New York is a “connection-based society” not a “contract-based society,” or, as you say “corrupt to its core.” All of the assurances by the Governor Hochul that companies mustn’t worry the civil motion the state filed towards Trump and the cash judgment Engoron rendered, and that there’s nothing to fret about, is simply one other affirmation that New York is now utterly a “connection-based society.” The governor even confirmed that she may, however gained’t, overrule Engoron proving that in New York the branches of presidency are intermixed. … Hochul doesn’t understand that her feedback had been damaging not reassuring. What idiot will belief her and New York now. My answer: Promote all equities of corporations which have their headquarters or domicile the place they could possibly be topic to the jurisdiction of New York and might be sued underneath the identical legal guidelines Trump was.
Second, it’s a appropriate transfer to problem the definition of “fraud.” Within the mid-Nineteen Eighties I used to be lead plaintiff’s counsel within the first civil RICO swimsuit filed towards a monetary establishment in … . The case was allotted to a choose like Engoron. That choose ran me by way of the ringer, however I saved the case alive. At one level the court docket was toying with the query “What’s fraud?” The court docket was looking for yet one more option to dismiss the case and require me to re-plead it. I did a large research of fraud. I even learn John T Nonan’s e book entitled Bribes. The definitions of fraud in our state and federal courts are too many to depend, however I lastly boiled it right down to the important components, i.e., all those who completely MUST be current or there is no such thing as a fraud.
That is the definition I discovered that applies to ALL circumstances regardless of how the weather are worded is that this: FRAUD IS THE VOLUNTARY TRANSFER OF SOMETHING OF VALUE BY DECEIT. The incidence sued on and alleged to be fraud MUST be (1) VOLUNTARY, (2) A TRANSFER, (3) OF SOMETHING OF VALUE, (4) BY DECEIT. If any of those 4 components are lacking, it’s not fraud. Clearly, New York is lacking the switch ingredient which, I believe, makes every of the opposite components a non sequitur and meaningless.
Third, cities and states have discovered new methods to extend income by twisting legal guidelines and our fundamental societal framework of separate branches of presidency. As you will have lengthy maintained, they’re on a hunt for taxes. From 2000 to 2005 I used to be a Deputy Metropolis Legal professional for the Metropolis …. We dealt with the civil authorized affairs of the town, not the prison circumstances. After I left, … , a lawyer contacted me and requested me to research the information of a case he thought he had. I discovered that … had modified its procedures concerning blighted property to keep away from the courts of the judicial department. Town established an inventory of big fines for properties that had been cited with code violations. The fines accrued curiosity after a sure time interval handed, and the property proprietor didn’t appropriate the violations.
The process was unconstitutional as a result of no choose EVER reviewed or had ANY function within the proceedings to gather the fines and curiosity. A listening to officer (govt department) would assess a effective and provides the property proprietor a selected period of time to appropriate the violations. He would put together and signal an “administrative” judgment setting forth his findings, rulings and assessing the effective plus curiosity. If the time elapsed and the violations weren’t remedied by the property proprietor, the Clerk of Courtroom (govt department, ministerial powers solely, no judicial powers) of the state court docket in … would challenge a request for seizure and sale to the … Civil Sheriff (govt department, ministerial powers solely, no judicial powers).
The Civil Sheriff would challenge an order of seizure and sale and the property can be auctioned off to the very best bidder. The fines plus curiosity had been all the time excessive sufficient that the property proprietor couldn’t pay similar, however low sufficient that somebody with capital may choose up the properties at a really, very low-cost worth. The “legal guidelines” that established this process had been principally ordinances handed by the … Metropolis Council, which was the flawed authority to approve a seizure and sale that was not reviewed and signed by a duly elected or appointed state court docket choose. Cities should not separate sovereigns with the best to enact basic legal guidelines, like causes of motion and shifting judicial powers to authorities which have solely ministerial govt duties.
So, intermixing branches of presidency and shifting and assuming powers that states and cities can’t train should not the one scams getting used to gather cash. States and cities are doing finish runs round Constitutional ideas. New York did it by giving the court docket the facility to calculate basic damages somewhat than enacting laws reciting an inventory of fines that the state might impose for enterprise improprieties. The state courts would then simply embrace the effective that applies underneath the circumstances that was set by the state legislature. That will be Constitutional, however having the liberty to evaluate unspecified damages that the state doesn’t undergo is absurd.
To summarize, no switch = no fraud, and no fines set by the legislature to evaluate changed by the facility to impose basic damages = a sham system that may be a blurred combination of the manager department and the judicial department.
Hope all is properly.
Regards,
EGM
