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The Georgia State Senate Special Committee on Investigations will meet this morning and hear testimony from Trump co-defendant Michael Roman’s attorney, Ashleigh Merchant, on her conversations with Fani Willis’ lover’s former law partner and divorce attorney, Terrence Bradley, where Bradley revealed misconduct by Fani Willis in hiring Nathan Wade as special prosecutor in the Trump RICO case.

Last week, Judge Scott Mcafee said he would make a decision “within the next two weeks” on Fani Willis and her office’s disqualification from prosecuting Trump and 18 co-defendants in the Georgia election interference case.

According to the Atlanta Journal-Constitution, Fulton County District Attorney Fani Willis “financially benefited” from a romantic relationship with top Trump prosecutor Nathan Wade. Willis also improperly hired Wade to prosecute Trump while she was sleeping with him and has paid him more than $700,000 since!

The Gateway Pundit reported on Monday that Merchant was subpoenaed by the special committee looking into Fani Willis’ corruption after it was revealed in court that Terrence Bradley sent her text messages.

The Gateway Pundit further reported on Monday that another witness has come forward with explosive information on Fani Willis’ illicit affair with Nathan Wade, the top prosecutor she hired to hunt down Trump. Cobb County, Georgia prosecutor Cindi Lee Yeager claims that she overheard Fani Willis telling her lover’s attorney, Terrence Bradley, to be quiet about her affair.

And on Tuesday, we reported on another bombshell when another witness came forward with more information on Fani Willis’ affair with Nathan Wade. Attorney Manny Arora revealed that he had several conversations with attorney Terrence Bradley regarding the relationship between District Attorney Willis and Nathan Wade.

JUST IN: Another Witness Comes Forward with Explosive Information on Fani Willis and Nathan Wade

This testimony further corroborates testimony by Robin Yearti, who worked in Fani Willis’s office, and texts from Terrence Bradley to Ashleigh Merchant, which both allege that Fani Willis and Nathan Wade started their relationship in 2019 – before Willis assigned Nathan Wade as lead prosecutor in the RICO lawfare case against President Trump.

The Gateway Pundit reported on the full-text exchange between Terrence Bradley and Ashleigh Merchant, which was admitted as evidence and shows that Nathan Wade started dating Fani Willis in 2019 before she took office and before Wade was hired as a special prosecutor to convict Trump and 18 co-defendants.

However, Bradley last week ducked questions while sweating bullets on the witness stand when questioned about his text messages revealing the truth about Willis and Wade’s relationship. He did not answer the questions, claiming he didn’t know or could not recall any details despite the evidence of text receipts.

Ashleigh Merchant has been subpoenaed for these documents and her testimony in today’s hearing.

From the meeting agenda:

The State Senate

Atlanta, Georgia 30334

MEETING NOTICE AND AGENDA

TO: Senate Special Committee on Investigations Senator Greg Dolezal, 27th, Vice Chairman Senator John F. Kennedy, 18th
Senator Steve Gooch, 51st

Senator Gloria Butler, 55th Senator Harold Jones, 22nd Senator Blake Tillery, 19th Senator Jason Esteves, 6thSenator Bo Hatchett, 50th

FROM: Senator Bill Cowsert, 46th, Chairman
______________________________________________________________________________

Date: Wednesday, March 6, 2024
Time: 9:00 am
Place: 450 CAP
_______________________________________________________________________

-Production of documents pursuant to subpoena and sworn testimony from witness, Ashleigh Merchant

Watch live below:

The post WATCH LIVE: Georgia State Senate Special Committee Investigating Fulton County DA Fani Willis to Look at Terrence Bradley Text Messages and Hear Testimony from Michael Roman’s Attorney at 9 AM ET appeared first on The Gateway Pundit.

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Satoshi Nakamoto's earliest collaborator Martii 'Sirius' Malmi has released his entire email correspondence with Bitcoin's creator.

Spurred by an ongoing lawsuit in the U.K., the new emails are the most significant addition to the canon of what we know about Bitcoin's still anonymous creator. 

Here are the most important new findings.

EMAIL #1: SATOSHI'S BITCOIN SCALING ASSUMPTIONS

When asked how Bitcoin might scale in the future, Satoshi theorized the network might have a maximum of 100,000 nodes. 

Here he goes into the calculations assessing the economics of bandwidth costs to nodes (read: miners) in propagating transactions across the network, the economic costs that would incur, and how that could be cost effectively passed on to users. 

He also discusses the implementation of users paying fees, and hints at the potential for the fee necessary for confirmation of your transaction being market driven due to the processing capacity of the network.

All in all, it's interesting napkin math, though nothing out of the ordinary for those who have read Satoshi's full Bitcoin forum posts. 

There Satoshi talked frequently about his vision for how the network might grow larger, and it's notable much of his ideas were not proven to be viable based on subsequent development work.

EMAIL #2: Bitcoin Doesn't Waste Energy

Though he wouldn't stick around to see the tremendous uptick in Bitcoin mining using stranded resources, it turns out, Satoshi knew the network was greent.

One of the first criticisms to be lobbied at his new creation, Satoshi spent time addressing the idea that Bitcoin mining was wasteful on the forums, most notably saying that not having a currency like Bitcoin would be the bigger waste. 

Here, however, he expands on the idea in more detail, and in a more vivid and descriptive way than we've seen before. 

EMAIL #3: Satoshi on Time-stamping 

A headed debated today remains whether Bitcoin is money, or whether it can or does have other ancillary uses. 

In this email exchange, Satoshi seems to offer some insight on the debate, noting his belief the blockchain can be used as a distributed time-stamping server. This is akin to what has happened in Guatemala, where the blockchain has been used to certify contentious elections in recent years. 

EMAIL #4: Satoshi Talks DigiCash

Satoshi describing the differences between #Bitcoin and DigiCash, David Chaum's failed e-money.

This is notable as Chaum's work had a profound impact on the cypherpunks, including Hal Finney. He specifically discusses the differences in privacy properties of the two models, and notes that unlike Chaum's scheme did not support an offline model, requiring all participants to be online to make use of the system. 

He also explains the finite supply cap of bitcoin. 

EMAIL #5: Satoshi Was Concerned About Promoting Bitcoin

Satoshi was concerned about his legal risk in launching #Bitcoin, noting he was "uncomfortable" with explicitly labeling it an investment. 

Note: Here also we see he didn't come up with the term "cryptocurrency" himself.

EMAIL #6: Satoshi Got Burned Out on Bitcoin

By July 2009, Satoshi was tired, saying he "needed a break" from Bitcoin. Here, he also explains Hal's absence from the work. He also mentions spending a period of 18 months at that point developing Bitcoin. 

A curious note as well, he asks Malmi if he had any ideas for applications people can actually use Bitcoin for. 

EMAIL #7: Bitcoin, A Way to Get Free Money

Satoshi discussing how #Bitcoin might gain adoption. Of note is his emphasis that Bitcoin was easy to obtain given that you could mine it on a computer. He also goes to postulate how the nature of a market trading for Bitcoin would evolve, discussing how skeptical people might be of its value, stating he was confident the increasing mining difficulty would prove its scarcity to people. 

Very different from how we think about BTC today in terms of acquiring it, but demonstrating a prescience of how people would mentally value it in the future. 

EMAIL #8: A Mysterious Bitcoin Donor Emerges

In June 2010, someone offered to donate $2,000 to Satoshi for his #Bitcoin work. Notably, he had the donor send it to Martti's address. He also communicated care that the donor's privacy was respected.

EMAIL #9: Satoshi Was a Fan of Free Transactions 

Already known, but Satoshi was pretty adamant that early users consider #Bitcoin "free." Here he is discussing removing transaction fees from the UX of an early software. 

It's interesting that his reasoning was to obscure this feature from users, but simultaneously acknowledged its necessity in the far future. 

EMAIL #10: Satoshi Was Dedicated to His Bitcoin Work

Satoshi worked on #Bitcoin on Christmas day. There are some interesting implications here to consider regarding his personal life. 

EMAIL #11: Bitcoin, A Web Currency for Currency Trading?

Satoshi saw #Bitcoin taking hold as a way to trade other internet currencies like Liberty Reserve. He also goes on to discuss the potential for markets selling gift cards for bitcoin, which wound up becoming and is to this day a significant market for bitcoin. 

Note: Liberty Reserve was later shut down by the US.

EMAIL #12: Satoshi's First Disappearance 

Satoshi had a mysterious leave of absence from #Bitcoin in 2010. Here he is talking about it with Martti, though it's notably also short on details.

EMAIL #13: Satoshi Realized Bitcoin Wasn't Anonymous

It was Satoshi who removed the language that Bitcoin was "anonymous" from http://Bitcoin.org. He worried it made Bitcoin sound "shady." This echoes his later sentiments around Wikileaks announcing their acceptance of bitcoin for donations. 

EMAIL #14: Satoshi Gives Praise to His Protege

Worth noting given the historical revisionism around this, Satoshi thought very highly of Gavin Andresen. Here he is praising Gavin and referring to someone else as a "goofball."

EMAIL #15: Satoshi Says Sayonara 

We finally have a copy of the email Satoshi sent other developers before taking his name off the project website. As they've said, Satoshi doesn't mention his intention to step back from the project at all.

Overall no substantial new information is brought to light, but the emails do give a new angle to Satoshi's interactions with others involved in the project before his departure. 

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Reddit will let “an unnamed large AI company” have access to its user-generated content platform in a new licensing deal, according to Bloomberg yesterday. The deal, “worth about $60 million on an annualized basis,” the outlet writes, could still change as the company’s plans to go public are still in the works.

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According to a new report from the federal government's Bureau of Labor Statistics last Friday, the US economy added 353,000 jobs for the month of January while the unemployment rate held at 3.7%. CNN news was sure to tell us that this was a "shockingly good jobs report" and it "shows America's economy is booming." 

At this point, many of us who follow these numbers have become accustomed to the routine: the BLS reports "blowout" jobs numbers each month, and the legacy media dutifully reports that the jobs growth is astoundingly good, proving all is well in the economy. 

The media rarely reports on any other economic indicators with nearly as much enthusiasm. The monthly jobs report—well, one specific statistic within it—has become something of a proxy for the state of the economy overall. 

There are a couple of problems with this approach, of course. The first is that the jobs numbers—a trailing indicator of economic growth (or decline) are repeatedly contradicted by at least half a dozen other economic indicators. Many of these other indicators are, unlike jobs numbers, leading indicators, and are more useful if we're actually looking for some hints at what is in store.

If we take a larger look around, we find this: The Philadelphia Fed's manufacturing index is in recession territory. The same is true of the Richmond Fed's manufacturing survey. The Leading Indicators index keeps looking worse. The yield curve points to recession. Business bankruptcies surged 58 percent in 2023. Net savings turned negative for only the second time in decades. The economic growth we see is being fueled by the biggest deficits since covid. 

But, there's also the problem that the jobs report itself isn't so impressive once we look beyond the headline establishment survey jobs data. 

The first fly in the ointment of this "shockingly good jobs report" is the results we see from the household survey. The household survey is a survey of actual people who are asked if they are employed. The establishment survey, on the other hand, is a survey only of large employers and the total number of jobs—i.e., not job holders. 

So, if we look at the household survey, we find that there were actually job losses in January. While the establishment survey showed an increase of a whopping 353,000 jobs, the household survey showed a loss of 31,000 employed persons. Moreover, January was the second month in a row for job losses in the household survey. In December, the report showed a loss of 683,000 employed persons. That was the biggest loss since the covid collapse. 

How does this square with the huge jobs blowouts in the establishment survey? Part of it can be explained by the fact that the establishment survey does not distinguish between full-time and part-time workers or jobs. It's entirely possible that there are more jobs being added in the economy—it's just that many of them are going to people holding multiple jobs, and many of those jobs are part time. So, if the economy is filling up with fewer people holding two or more part time jobs, that registers as "blowout" jobs growth. The reality, however, is that fewer people are employed. 

Moreover, the household survey also tells us that job growth among the employed was mostly driven by part-time jobs in January. According to the survey, growth in part-time jobs totaled 96,000 while full-time job growth went negative, with a loss of 63,000. 

Meanwhile, government jobs in January totaled more than 20 percent of all new year-over-year job growth. Outside of covid, we haven't seen those sorts of numbers since late 2007 as the economy was nearing recession. 

And then there is the growth rate of temp jobs. That remained in negative territory last month for the fifteenth month in a row. As the graph shows, drops in temp jobs over the past thirty years has been a clear indicator of an approaching recession. 

Finally, we can look at real wage growth. Legacy media sources were careful to crow about how January showed real growth in average earnings. Specifically, average earnings (adjusted to the CPI) increased 1.7 percent, year over year. In a vacuum, that might be a great number. However, workers are still recovering from a 25-month period of falling real average earnings. That meant earnings on average in 2022 were below 2019 earnings, and working only started to come out of that hole in 2023. Indeed, if we look at real earnings growth since February 2020—the last month before the covid lockdowns—we find that earning increased a mere 1.53 percent—or 51 cents—over that 47-month period. During that same time, home prices increased 46 percent (according to Fannie and Freddie). It's easy to see why housing affordable is now at some of the worst levels we've seen in decades. 

In spite of all this, however, American consumers of television news are fed a steady diet of good news about the economy in which each month brings a new "shockingly good" or "robust" jobs report. Even more questionable is the practice of treating the jobs report as if it's an index for the overall economy. However, the jobs report is only something to brag about if one's definition of a strong jobs economy is one in which fewer people have jobs, full-time jobs are disappearing, and government jobs are a growing component of overall job growth.

When we view these numbers in light of declining manufacturing, more bankruptcies, recessionary leading indicators, and negative net savings, we might suspect that the economy is headed for some turbulence ahead. 

The Federal Reserve, however, has encouraged the laser-like focus on current jobs data because the FOMC has claimed to be basing much of its economic planning on jobs growth. Approximately every month, for example, Jerome Powell addresses the press with a prepared statement about the Fed's policy being this or that while using jobs numbers to justify its current policy. At least, that is the public face the Fed puts on. The Fed wants the public to believe the Fed is "data driven" and is fine-tuning—another term for centrally planning—the economy based on fine detective work from Fed economists. That's the story they tell. The reality is something different, and the Fed is making its decisions based on political expediency. Polls have shown, however, that the average voter tends to base his opinion of the economy on the jobs situation "right now." So, lo and behold, the Fed says it is doing the same. 

The economy doesn't work that way, though, and if we want to understand what direction the economy is heading in, we have to rely on sound theory rather than what some Federal bean counters say happened last month.  

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