Helping Hand

Vegas is too hot in the summer and too cold in the winder. The homeless suffer through all of this. In many cases a cold lead to pneumonia and many perish in harsh conditions. The homeless currently need warm clothes, blankets, and hygiene product. If you can donate any of these things, please send an email to healthyoldmike@gmail.com. We do not want cash but are only looking for items that can be delivered.

Dear Nevada Judicial Review,

I am not surprised by the total disregard for a valid complaint and further proof that cronyism is alive and well at Nevada Judicial Review.  I will point out just a few of your false statement in your response to deny my complaint. 

In regards to your dismissal of Judge Harter not showing up for work, there is VERIFIABLE video evidence and multiple people ready and willing to testify to this fact.  Here is a link to the video evidence showing him not showing up to court or his office. 

https://myemail.constantcontact.com/Judge-Milks-the-System–the-AWOL-Life-of-Mathew-Harter.html?soid=1119987097423&aid=h2UXWOPPlzk

I’m certain this verifiable VIDEO EVIDENCE from MULTIPLE OCCASIONS couldn’t possibly be the ‘baseless allegation lacking objectively verifiable evidence from which a reasonable inference could be drawn that a judge committed misconduct or is incapacitated.” NRS 1.4657(1).’ that you said it was, could it?  I’m sure that was just an “oversight” on your part.  But let’s continue….

In regards to your dismissal of Judge Harter’s inappropriate behavior on the bench, filing a bankruptcy and committing perjury and fraud, well again I am certain this is just another “oversight” on your part.  So please allow me to enlighten you with the evidence you say that I am lacking again in my ‘baseless allegation lacking objectively verifiable evidence from which a reasonable inference could be drawn that a judge committed misconduct or is incapacitated.” NRS 1.4657(1).’  

https://transparentnevada.com/salaries/search/?q=Mathew%20Harter

On December 22, 2015, Judge Matthew Harter filed, under penalty of perjury, with the Bankruptcy Court Official Form 122A-1, which discloses the debtor’s monthly income of $0, which is odd because Harter was working as a Family Court Judge back in 2015 and presumably receiving a salary.  Apparently, Judge Harter falsely declared $0 income in order to appear sufficiently “broke” to have the standing to qualify as a legit debtor under the Bankruptcy Code.  (ALL SHOWN IN COURT DOCUMENT INCLUDED IN THE FIRST OF THE 3 LINKS ABOVE)  According to Transparent Nevada, back in 2015, Judge Harter received an annual salary of $185,440.74 (plus benefits of $56,419.61, for a total of $241,860.35.  (ALL SHOWN IN THE SECOND OF THE 3 LINKS ABOVE SHOWING HIS SALARY AND BENEFITS GOING ALL THE WAY BACK TO 2009)  (THE THIRD LINK OF THE 3 LINKS ABOVE SHOWS THAT THIS HAS BEEN BROUGHT TO THE COURT’S ATTENTION VIA MULTIPLE MEDIUMS AND IN PERSON AS SHOWN IN THE VIDEO AND YET YOU DO NOTHING) On January 23, 2016, just one month after filing bankruptcy, Judge Harter took title to a single-family home at 575 Gann Ave. Langdale, Nevada. This single-family home was quitclaimed to Judge Harter from Michael L. Bolton. The grantor, Mr. Bolton had taken out a non-assumable V.A. mortgage loan just months before he quitclaimed the property to Judge Harter.  Judge Matthew Harter never disclosed in his bankruptcy case this $300,000 asset.  Based on facts of public domain, Judge Harter defrauded the Bankruptcy Court when he wrongfully submitted a fraudulent income statement and wrongfully failed to disclose that he had come into possession of a home in Langdale, Nevada, and conspired with Michael L. Bolton to commit mortgage fraud in connection with the V.A. home loan.  Despite the court documents signed by Harter, and all this being now verifiable public record, surely the can’t be what your refer to as a ‘baseless allegation of lacking objectively verifiable evidence from which a reasonable inference could be drawn that a judge committed misconduct or is incapacitated.” NRS 1.4657(1)’, right?  Clearly, just ANOTHER oversight on your part, right?  Well, let’s continue to what, most assuredly, is just yet ANOTHER oversight on your part.  For in depth statements regarding Harter’s wanton disregard for the laws he is supposed to uphold and his fraudulent statements and false documents, see the following link: https://veteransinpolitics.org/2020/09/a-corrupt-judge-is-a-great-vermin/

In regards to your dismissal of the burglary, it was NOT Judge Harter but his son that was involved in the crime.  Harter was just very quick to send his son away before he could face any repercussions.  This is evidenced at the link here: https://veteransinpolitics.org/2014/03/will-family-judge-matthew-harter-suspend-his-campaign-to-save-his-son/

This has everything to do with this Judge being responsible for handing down decisions on other people’s family’s when his own is a complete mess!  Would you trust a junkie to give you life coaching, obviously not.  Nor would you trust the judgements handed down to others families from someone whose own family is a disaster!

I’m sure these are all just oversights on your part and now, when presented with the OBJECTIVELY VERIFIABLE EVIDENCE, you will reverse course, right?!  I’m sure my presentation of evidence won’t be overlooked and you will cease and desist from the constant assertions that my claims are ‘baseless and lacking objectively verifiable evidence’, right?!  I won’t be holding my breath.

In receipt of your dismissal I must completely disagree with this kangaroo court decision.  Based on the extensive reading I have done online about the Clark County “Old Boys’ Network, it seems that your organization is not impartial to its influence either and will do what is necessary to protect one of its own. My complaint against Harter never stood a chance. I have been completely blocked from seeing my son due to financial limitations and you are part of the system to support such injustice. 

 I have run my complaint by several trusted associates  who feel my complaint was valid and my due process rights completely violated.  I further note that lately all your email responses are generic without a person’s name due to the reporter I am working with not having a contact name.

Bottom line is I was ransomed to pay a fee I could not afford and Harter did not allow my filing as a result.   It is not outside of the realm of logic that side agreements that could exist between a judge like Harter and his fee billing cronies, especially in light of the evidence I have presented of his fraud and perjury.

There is a reporter closely following what has transpired in my case and Harter seems to be the target of further investigative reporting.   In my opinion he is not worthy (based on his long checkered past) of being anywhere near a judges bench.  It is not just me, but many others whose rights he has violated.  You are well aware of his history but it seems no matter what complaint was lodged, you will not take action against him due to his well-connected friends including a family member.

I am confident that the crony network is strong and my comments will be forwarded to Harter.  I certainly intend to share my comments and you are welcome to share them with Harter, sorry but cannot put Judge in front of his name, makes me ill.  😉

Mike’s REAL ESTATE OUTLOOK

Members,
In the coming months the market will soon be flooded by tens of thousands of spare houses nobody can afford.  
And homebuilders will have no choice but to slash prices to sell them.
If things don’t change their course immediately, we are likely going to see the beginnings of a REAL ESTATE implosion this year and this will be compounded by current massive debt levels of consumers.

What should club members do to prepare?
Hoard cash as assets are going on clearance.
You won’t like this, but a housing collapse is coming.

In June, approximately 22,000 properties were foreclosed in the United States.   That is a 200 percent plus jump from a year ago.  Several agencies are reporting that REAL ESTATE sales are grinding to a halt.   This is just the start of foreclosures in the USA and I believe in the coming months we will hit 6 digits in monthly foreclosures. 

At this time loan officers are underwriting much fewer loans.  In fact, mortgage applications for new homes have dropped over 50 percent compared to a year ago. This is the lowest demand since 2000.  The main reason is mortgage payments have become much more expensive with higher interest rates.

As an example, a $500,000 house a year ago on a 30-year fixed mortgage (average 3 percent) would be a $1,800 dollar a month payment.  That payment is now $2,700 dollars at 5.7 percent and if the rate jumps to 10 percent it will be $3,750 dollars.  

It is very possible that interest rates could go to double digits.  In fact, in the 1970s when Fed Chair Volker was fighting inflation mortgage rates peaked at 18 percent.

Could you imagine mortgage bills at 18%? The same $500,000 house with a $1,800/month payment would increase to a monthly bill of $6,450!  The bottom line is that affordability will continue to drop for Americans as rates rise.
Upon closer examination the most concerning thing is that housing today is so expensive and that, with still historically low 5.5% mortgage rates, it’s as unaffordable as it was when mortgages were at a crazy 14.5% in 1985! 

That means a breaking point is closer than we think, potentially just a few rate hikes away.   Homebuilder demand is weak and prices are being reduced.  In addition, active listings are growing rapidly.

Mark my words, the market will soon be flooded by tens of thousands of spare houses nobody can afford.
And homebuilders will have no choice but to slash prices to sell them.

Will it be Worse Than in 2008?

Not only is housing “un-affordability” off the charts, but over a decade of money printing and record-low rates led the economy to pile up so much debt that it’s crumbling under its weight.

As the Fed keeps bringing the cost of money back to reality, mortgage payments will go up. Meanwhile, nationwide layoffs will destroy incomes, which are supposed to pay those increasingly expensive mortgages.

Can you now see what the era of cheap money has done to affordability? While the masses believe low interest rates makes things more affordable, on a longer timeline, it does the opposite due to massive debt 

What should you do to prepare?

Hoard cash, and get ready for the next few years.
Assets are going on clearance.

ICOA Mike Economic Outlook

https://investmentclubofamerica.com/wp-content/uploads/2019/05/ica-logos-onwhite-v1-e1558700213690.jpg

Members,

I just wanted to drop a quick note on a few of my thoughts on what is happening in the economy and offer a little guidance.  

Inflation is at its highest level since 1981.   We have seen a huge increase in energy prices which is having the biggest impact on inflation.   Officially inflation is reported to be at 9 percent, but in several club meetings over the years I have discussed in detail how the inflation calculations are done.  As an example, if they used the same calculations that they did in 1981, we would be well into double digit inflation.  It is the Feds way of not panicking the public, but I think it is the government’s way of misleading the people.  The Fed and the Federal Gov’t are autonomous but in many ways the Fed is influenced by pressure from politicians and other groups.  Powell is meek unlike previous Fed Head Volker who was the best Federal Reserve Chair ever and did what was necessary to tackle inflation and stood his ground against special interest groups.  Powell does not have a backbone and his policies change like the wind.

The good news is over the last few weeks we have seen commodity prices finally dropping due to decreased demand.  Oil, natural gas, corn, copper, and wheat are all dropping.  What is likely more shocking to most members is that wheat prices are now below the prices before Russia invaded Ukraine.  Remember Ukraine and Russia are some of the biggest wheat exporters in the world.

It is no surprise that higher interest rates are killing demand and when people expect inflation they stop buying. 

As for the economy, it has contracted in the first 2 quarters of 2022 and I guess technically we are in a Recession however, one very positive sign is the strong job market.   In June 372,000 new jobs were added and this is despite low consumer confidence. 

In fact, there is currently 11.3 million job openings in America and that means there are 2 job openings for every person unemployed in America.  The unemployment rate is still very low at 3.6 percent. All this points to the fact that the economy is holding up as demand for labor remains high.

I remember at a club meeting in 2021 that Steve Hawks and I were talking about inflation on stage and we said that interest rates have to be increased.  At the time of this meeting the Fed said they were going to keep interest rates at zero percent for all of 2022.   Steve and I said that was impossible and here we are today in the situation we are in as the Fed did not move fast enough.  I believe they were trying to keep the stock market party going as long as possible.

In the same meeting I stressed that members must heavily sell their stock positions as higher interest rates will mean a major stock market correction and the stock buyback scam will be less intense.  (The stock buyback scam is the biggest market manipulation program that has ever been created and in Europe it is controlled and, in many cases, not legal but in America it is the artificial wealth creation program…again I have discussed many times at club meetings but this is another reason the market will see softness now).  I know some of you sold your positions and took profit and some of you did not through conversations I have had with many of you over the last few months.

With the exception of commodities, all asset classes have done terrible so far in 2022.   Of course, energy was the strongest performer and high dividend paying stocks also held up. 

This is the 2nd worst performing 6 months since 1965 and the worst since the subprime crisis in Feb 2009.  However, in 2009 the market lost 27 percent in the first 6 months and then gained 24.9 in the second half of the year.   I don’t see this quick bounce back in the next 6 months until I see the direction of inflation.

Most fund managers out of self-interest due to management fees encouraged their clients to stay in the market.    This was terrible guidance by putting the interests of their own first.   I will not comment on the direction of the market until inflation is under control but it is also very bearish that investor sentiment is the lowest in years.

One thing I do like is stock valuations are below average for the first time in years and at 16x earnings that is slightly below the historical average.

Remember members, that stocks bottom before the economy does.  On average the market bottoms 3 months before the end of a recession.

HOLDING THE BAD GUYS ACCOUNTABLE!

Dear Mike,

I just wanted to take the time to formally thank you for supporting my efforts to understand & deal with the dubious Golf Dome investment property failure.  Between your internet posts regarding Phoenix Land Ventures, the additional information you shared, the guidance & encouragement, and legal connections in Canada you exposed the real estate scams related to John Tansowny & Dennis O’Dowd of Phoenix Land Ventures.  Not only that!  We won a Caveat judgement on the Golf Dome property, negotiated a $368,000 payment, and won an additional $1.2M judgment against Phoenix Land Ventures.

None of that would have happened without your continued help & support.

On behalf of myself & the 45 other Alberta Fund 1 investors residing in the United States, I would like to again thank you for your willingness to take the time & share critical information that led to some positive results.

Since roughly 2015 I had been trying to understand why our money with John Tansowny & Dennis O’Dowd was disappearing.  Your internet post dated October 19, 2016, regarding Honorable Justice Ronald Berger comments relating to the FIC vs Phoenix Land Ventures exposed the truth about what Tansowny & O’Dowd were doing to innocent investors.  

If it wasn’t for your internet postings, our group of investors would have never known the extent Tansowny & O’Dowd went to essentially misappropriate our entire $2M investment.  You outlined the now well-known tactic of “Skip Transferring” properties, which Tansowny & O’Dowd did to us.  FIC clearly uncovered the manipulated financial statements Phoenix was producing specifically related to the Golf Dome property.  The forensic audit & court judgements by Justice Hillier further explained how they misappropriated money from our investment group.  All tactics used in the Phoenix real estate investment scheme.

If that was not enough, I had to lean on your support one more time!  The Managing Director of Alberta Fund, Craig Nelson, was unwilling to pursue the $1.2 judgement as initially he was involved in their scam.  He receive broker fees and was not a broker and as we later discovered was himself the subject of a previous securities investigation.  Once again you came to our aid and you were able to provide guidance on how to apply pressure on Craig Nelson and now we are underway to collect the monies..  I can only hope your efforts continue to pay off for Alberta Fund investors.

While the money recovered to this point is a small fraction of what was taken, I will always be grateful for your assistance and never once did you ever ask for any compensation despite countless hours of assistance over many years. 

Finally, I will say initially I saw the online postings about you and I was reluctant to contact you however, you were at all times transparent, helpful and honest and your only goals were to help us as “victims” recover our monies.  Thank you from all of us!.  

Sincerely,

Carson Heck

Alberta Fund 1 investor

Thoughts by Club Member, Terri Salvatore, about Mike Lathigee and ICOA.

Strategy. Integrity. Heart.

These are three words that come to mind when describing ICOA.

Strategy
Mike explains each opportunity from a strategic perspective, with a broad view of how current events tie in with the attraction of a potential investment.

Integrity
The club is honest and transparent with respect to the structuring of each investment.

Heart
ICOA makes sure that people come first. This is not only true for me as an investor, but also for peripheral players involved in any of the transactions. Everyone is treated with dignity.

Having been a member for over a year now, it has been an invigorating experience on many levels:
The pre-meeting discussions with other members are always lively and engaging, and the guest speakers are very educational. Mike always delivers valuable and timely information on a broad range of topics. The discernment of his choices is made after lengthy research. He provides great detail in his reasoning as to why any particular investment will be a good pick.

I am very pleased with how I am taken care of through the process of each offering. Mike has gone beyond my expectations regarding his attention and consideration to each member’s satisfaction. And, above all, the meetings are fun! I never miss an ICOA gathering because I always come away inspired.

A note from Club President, Mike Lathigee

I am closely monitoring the property developer crisis in China. The big question for all of us is – will it implode and cause another financial crisis similar to what we saw in 2008.
I don’t think so, because American banks
do not have exposure to Chinese banks. 


The very interesting thing is this is a deliberate act by Chinese regulators to cut down on property speculation in China. They don’t want their citizens speculating and the Shadow banking market has now been closed as a financing outlet for these
over leveraged developers. 

It is just not Evergrande – it is almost all of the large developers in China. The greatest Ponzi scheme of the last few decades has been reflected in developers and their pre-sale of units before they build those units. Many times these funds have been used
on other projects and not for the project
the investor made the deposit on. 
I think this way of doing business will change,
especially in countries with few regulations. 


The much bigger crisis that will blow up and end the asset bubble in America will be under reported inflation by the Federal Reserve. Are they lying to us / or are they lying to us? – They are lying to us – in that inflation is calculated in such a way that the numbers are much lower than they should be.

The bottom line is that inflation is hugely under reported and the Fed will have no option but to raise interest rates.  These are the two major issues that I see right now. 
Please govern your portfolio accordingly.

Freedom Fest 2021

Members!

Our club follows a Libertarian Philosophy.  Mark Skousen is a member of our investment club and on Wikipedia is recognized as one of top living economists today.   He has written dozens of books and is internationally sought after for his leadership in Economics and Libertarianism.

This is my favorite conference and in fact in my opinion the best conference on the planet.   We send this out to invite those who were unable to attend in person to register virtually.   The club nor any affiliate does not receive any compensation for your enrollment but do this as our believe in this very important conference and support it in any way we are able.

Will You Join Us Virtually?

Great News! Our partners at C-Suite Network have arranged to provide a dynamic livestream experience for those who cannot attend FreedomFest 2021 in person. While there’s nothing like the in-person experience of FreedomFest, we are excited about to provide a virtual experience that will include everything from the FreedomFest Main Stage 1 in the Barnett Arena, including keynote speakers Gov Kristi Noem, Jeffrey Hayzlett, JP Sears, Dave Rubin, Tom Woods, Jo Jorgensen, Sen Mike Lee, Mark Mecker, Spike Cohen, James O’Keefe, Naomi Wolf, Larry Elder and Ayaan Hirsi Ali, and many more, with the mock trial on the pandemic response and emcee Dave Smith. Plus, the special livestream host will conduct special “behind-the-scenes” interviews with select speakers as they come off stage – hear directly from these pivotal voices, and even ask your questions! 

If you can’t make it to FreedomFest in person this year, you will have the opportunity to participate and be part of this one-of-a-kind event – VIRTUALLY!

Register Now with Code: FF2021

We are thrilled to partner with C-Suite Network to bring you the best and the brightest thought influencers from around the world straight to the comfort of your office or home. C-Suite Network™ is the world’s most trusted network of C-Suite Leaders, with a focus on providing growth, development and networking opportunities for business executives. The virtual experience of FreedomFest will not only allow you to hear from the speakers on Main Stage but also provide networking with other virtual attendees. Virtual attendees can hear exclusive interviews with the speakers as they come off the stage. You may even get your questions answered with the speakers! Register today, as the price for your FreedomFest virtual ticket increases on Sunday, July 18th. Use the code FF2021 to receive your ticket for only $99, instead of the regular $125 price! This pass is valid for the duration of FreedomFest, July 21st – 24th, and gives you access to:·       World-renowned speakers streamed from FreedomFest Main Stage 1·       Three days of content from the “world’s largest gathering of free minds”
·       Behind-the-scenes interviews with select speakers (and even the opportunity to get your questions asked)
·       Opportunity to network with like-minded peersSee the full list of Main Stage speakers and sessions that will be featured on the virtual event here. Get registered today!  We can’t wait to see you, virtually! Use code FF2021 to receive the $99 price!  
We are thrilled to partner with C-Suite Network to bring you the best and the brightest thought influencers from around the world straight to the comfort of your office or home. C-Suite Network™ is the world’s most trusted network of C-Suite Leaders, with a focus on providing growth, development and networking opportunities for business executives. The virtual experience of FreedomFest will not only allow you to hear from the speakers on Main Stage but also provide networking with other virtual attendees. Virtual attendees can hear exclusive interviews with the speakers as they come off the stage. You may even get your questions answered with the speakers! Register today, as the price for your FreedomFest virtual ticket increases on Sunday, July 18th. Use the code FF2021 to receive your ticket for only $99, instead of the regular $125 price! This pass is valid for the duration of FreedomFest, July 21st – 24th, and gives you access to:·       World-renowned speakers streamed from FreedomFest Main Stage 1·       Three days of content from the “world’s largest gathering of free minds”
·       Behind-the-scenes interviews with select speakers (and even the opportunity to get your questions asked)
·       Opportunity to network with like-minded peersSee the full list of Main Stage speakers and sessions that will be featured on the virtual event here. Get registered today!  We can’t wait to see you, virtually! Use code FF2021 to receive the $99 price!