Economic forecaster to Trump: “Get out of New York; it’s out of control”
02/28/2024 // Belle Carter // Views

New York Attorney General and former President Donald Trump's "political nemesis" Letitia James is going to seize Trump's buildings and assets if he does not pay the nearly $355 million verdict levied against him in a civil business fraud trial last week. "If he does not have funds to pay off the judgment, then we will seek judgment enforcement mechanisms in court, and we will ask the judge to seize his assets," the AG told reporters.

Appealing the case, Trump's attorneys accused Judge Arthur Engoron of judicial malpractice and labeled it politically motivated. The former president's lawyer Alina Habba called the verdict "manifest injustice" and the culmination of a "multi-year, politically fueled witch hunt that was designed to 'take down Donald Trump.'" Engoron rejected the request from the defense to delay the enforcement of the penalties by 30 days to allow for an "orderly post-judgment process." "You have failed to explain, much less justify, any basis for a stay," Engoron wrote in an email posted Thursday to the court docket. "I am confident that the Appellate Division will protect your appellate rights."

For Armstrong Economics founder Martin Armstrong, NYC is totally out of control. And the move is an attempt to interfere in the 2024 election. "New York is just so unAmerican you can't make this up. This radical attorney general not only has Trump barred from running his own company, but they also appointed a former organized-crime prosecutor to manage the Trump organization who has no business capability," he argued, adding that the Big Apple wants to control Trump's financial assets without a jury trial to shut him down to prevent him from running for office.

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He proceeded to narrate what the state government has done to his company Princeton Economics. "Their agent/receiver fired all the staff and then moved to shut it down. Then, their appointed receiver became a board member of Goldman Sachs while running my company from their boardroom. This was also all without any right to a jury trial," he recalled. "They alleged that $1 billion was missing. When I told them the bank stole the money, they said they believed the bank. Yet there was never any evidence that I had withdrawn money, and in the end, the bank had to plead guilty and repay my clients." The government also shut down all forecasting and made up allegations that not one member of the press questions "except Mark Pittman of Bloomberg News, whom they promptly barred from writing about what they were doing," he added.

He advised the former POTUS to sell all his NYC assets and get out of the state. "Nobody should invest in anything in New York City, for there is no rule of law and, even worse, no separation of powers. It is a political dictatorship that you cannot fight for. No judge in New York City will defend the Constitution and go against their peers," he pointed out. "New York City is beyond hope."

No fair trial in New York

Armstrong stood firm in his advice for Trump to get out and warned in his blog that the former president would never get a fair trial in New York City. "I have never seen anyone ever get a fair trial in New York City," he said. "When my case began, they brought it to New York when the accounts were in Philadelphia. They claimed there was the COMEX for the venue, so that was good enough even though currencies traded in Chicago. When my lawyer heard they filed the case in New York City, he said 'Oh sh*t.'" His lawyer explained that law in the Big Apple is "practiced the differently."

The thing is, the legal counsel said, judges can alter the transcripts and change the words one tells in court. According to him, the Court of Appeals ruled they did not have the power to order the judges to obey the law and cited the case "UNITED STATES V. ZICHETTELLO 208 F3d 72 (2d Cir 2000)." He further revealed that a federal statute 18 U.S. Code § 1519 defines that as a felony with 20 years in prison.

"I forced Judge Owen to admit he was altering my transcripts, and the DOJ would not indicate him; the Court of Appeals lost my appeal three times and then said I was out of time," Armstrong further stated. He added that the only reason they released him was because the Supreme Court agreed to take his case. So, they released him and told the SCOTUS that the case was moot. "Otherwise, I would have died in solitary confinement," he disclosed.

Visit for more news related to the ongoing legal battles the former president is fighting.

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