Saturday, October 18, 2014

Paul Craig Roberts interview RT BoomBu$t on the revolving door

http://www.paulcraigroberts.org/2014/10/18/pcr-interviewed-rt-boombut-revolving-door/


https://www.youtube.com/watch?v=4L8QpysFwI0

MARTIN ARMSTRONG'S LATEST BLOG POSTS

Comment from Portugal – Indicative of Worldwide Political Crisis

lisbon_portugal
COMMENT:
Hi Mr. Armstrong.
I have been in Portugal for the last week. Here too people are fed up with politicians. Even in the country side the cities and towns are building unnecessary infrastructure (example of roundabouts in every single small intersection) just so they can raise taxes. People cite the unreasonable increase in property taxes and other taxes. Bogus fines for traffic tickets that they did not incur in (example of an infraction on a Vespa scooter for going through the electronic tag lane in the capital when this vehicle has never been in the capital 200 miles away) yet they refuse to remove the charge and are assessing interest and penalties. Threatening to levy a lean on their house. A family member owes 2009 registration for a car he never owned. Yet when he went to the DMV office to complain they said, we understand but why don’t you just pay it and be done, otherwise you will have to write a letter and it will take forever. Penalties still apply.
It is getting crazy! People are saying there is no one to choose from in elections because they all do the same.
Yes people are fed-up with politicians.
The failure of Bank EspĂ­rito Santo has marked a turning point in the country where everyone says. Al bankers are things who are in bed with our politicians.
M.I.
REPLY: I cannot tell you how many emails are coming in from around the world reporting similar activities. This appears to be really a major crisis on the horizon with 2015.75 with respect to government. Socialism has been about expanding government and lining their pockets with pensions – not helping the average person. I am really shocked at the overwhelming mail coming in from around the world.

Germany – Troubling Political Events

Merkel-Issues
The press is claiming over here that the central banks saved the super-rich by keeping interest rates low to help the stock market. While this reporting is still highly socialistic designed to hand even more power to government, meanwhile government just ignores the law to justify its own actions. The ECB buying of debt is claimed to be within its power and that there is no requirement for any democratic process.
German Federal Supreme Court

Then we have in Germany the unbelievable refusal of the German government to honor its own Constitutional Court. Merkel has refused to relinquish control of the ZDF Television Council despite a ruling by the Federal Constitutional Court. Here the court ruled in favor of democracy and freedom of speech insisting that government must limit the influence of politics in the supervisory board that control the press. This is simply unimaginable. Nevertheless, we can see connecting the dots that government is indeed in the last death-throws and will do anything at this point to hold of to power.

Why Nations (and organizations) Fail: Self-Serving Elites

http://www.washingtonsblog.com/2014/10/nations-organizations-fail-self-serving-elites.html

MARTIN ARMSTRONG'S LATEST BLOG POSTS

Politicians Are the Most Distrusted Among All Occupations

Tubingen
I am here in Germany kicking the tires and taking the temperature of the core of the European economy. Interestingly enough, a survey has revealed that politicians around the world have the worst reputation among all other occupations. The people have by far the least confidence in world leaders. In Germany only 15% say that they “trust” the professional group of politicians. One has to wonder just when will the German people start to rise up? That too seems to be in the cards after 2015.75.

The Fog – Comprehending the Invisible Hand

Fog
COMMENT: I just wanted to thank you for all your charts and explanations of what was taking place on the DOW this week.  I have been reading your work for the past five years and I appreciate that you make this available for everyone.  I am trying to understand what is coming our way and what I need to do to help my family.  Sometimes I feel overwhelmed and in a thick fog.
The other day I was at the beach engulfed in this  surreal fog.  It captures what I feel so often.  I know you like to use visuals in your blog so I am sending this picture to you
if it can be of any help.  Thanks again for all your hard work.
Sincerely,
ID
REPLY: The free markets are truly infallible for they tell you what the future will be. The key is to listen and to grasp the body language of the market movements. I have stated history repeats because the passions of man never change. This also applies to market movements. We are setting the stage for the bond bubble. We are going to see a major crisis in government that will make your head spin. This is where the risk truly lies. Each 8.6 year wave produces a major high bit in a different sector or region. This wave is the high in bonds and it is precisely on time.
1998-Forecast
Since the 1985 World Economic Conference we forecast 2011 was the start of the Sovereign Debt Crisis with Big Bang coming in 2016 with the turn 2015.75. This forecast was given almost 30 years ago. Here is the slide from the 1998 World Economic Conference. This is not about personal opinion – this is about the structure of market movements and the time it takes to unfold.
Iceage
This is not about OPINION or being clairvoyant. This is simply about understanding that world economy is a ballet with delicate and subtle movements which we must pay attention to. There are those who would prefer to attack me and accuse me of manipulating the world economy claiming that consistent forecasts prove this to be true rather than considering perhaps they too are just in a fog and cannot see passed their nose. It is as if we were engulfed in a fog unable to see the future because we are prejudiced by the an absurd thinking that there has to be a single cause and effect that is human. Like the nonsense of global warming,  we are unable to see that there are cycles within nature. Any change we are so arrogant assuming we have done this ourselves and possess the capacity to cause such an effect.
Burns Arthur
We assume we can control everything and therein lies the problem. Government operates upon this principle that they can control the economy. Politicians spread the theory vote for them and they will create change – yet they are incapable of such control. Politicians have been unable to achieve such control even one time. Both Arthur Burns and Paul Volcker, two former Fed chairmen, have admitted that the business cycle defeats the best plans of mice and men. This same thinking leads to the assumption that markets can be manipulated perpetually like communism rather that only within the confines of the current trend.

The first step in creating a new world is simply understanding HOW markets and economies move. The fundamentals really become irrelevant for they only feed the emotions of the people, which drive the markets. The US share market rallied into September peaking right on target as the array pinpointed the week of 9/15. We fell from that high 17.2 days (2 x 8.6) into the low and then bounced for 2 days into Friday.
invisible-hand
This is not about ego and opinion. NOBODY can forecast from opinion and expect to be consistently correct all the time. This is about comprehending the body language behind the Invisible Hand. How history repeats is also how markets repeat.

Friday, October 17, 2014

MARTIN ARMSTRONG'S LATEST BLOG POSTS

Is it Safe to Fly In & Out of JFK?

US-HEALTH-EBOLA-PROTEST
The question of whether it is safe to travel in and out of JFK is a serious question. The only possible way to get government to be competent is to simply boycott JFK. Homeland Security pretends to protect American’s against terrorism, but they are incompetent to comprehend that instead of a bomb, just send as many people with Ebola as possible and you will do a far better job. A passenger died on a flight from Nigeria to JFK vomiting. They have exposed the entire crew and passengers to that threat, then the entire airport. Government workers are NOT the brightest bulb in the shop. Let’s get real here. If they were competent they would work in the private sector.
If people refused to fly out or into JFK until the ban all flights, then and only then will the airlines demand that Homeland Security actually do something here. That appears to be the only way to get these morons to verify what is going on.

The Dow for the Close 10-17-2014

DJIND-D 10-17-2014

So far so good. The low may hold and a closing above 16331 today will help to relieve the selling pressure. A closing above 16660 will signal that we may see a further upside into the week of 11/03.
Keep in mind this is a bubble in government bonds – not equities. Shaking the tree in equities sends cash running into government debt. That is where it has to be to really create the most damage on the downside. The problem is in government – not the private sector.
While the economy is still growing, it is slow. Unemployment remains at about twice the level before the 1929 Crash began and just looking around you see a lot of available office space. Liquidity is down and this all warns that the upside in the economy is not as great as it should be so when it turns down, it will do so much harder.

MARTIN ARMSTRONG'S LATEST BLOG POSTS

Is it Safe to Fly In & Out of JFK?

US-HEALTH-EBOLA-PROTEST
The question of whether it is safe to travel in and out of JFK is a serious question. The only possible way to get government to be competent is to simply boycott JFK. Homeland Security pretends to protect American’s against terrorism, but they are incompetent to comprehend that instead of a bomb, just send as many people with Ebola as possible and you will do a far better job. A passenger died on a flight from Nigeria to JFK vomiting. They have exposed the entire crew and passengers to that threat, then the entire airport. Government workers are NOT the brightest bulb in the shop. Let’s get real here. If they were competent they would work in the private sector.
If people refused to fly out or into JFK until the ban all flights, then and only then will the airlines demand that Homeland Security actually do something here. That appears to be the only way to get these morons to verify what is going on.

The Dow for the Close 10-17-2014

DJIND-D 10-17-2014

So far so good. The low may hold and a closing above 16331 today will help to relieve the selling pressure. A closing above 16660 will signal that we may see a further upside into the week of 11/03.
Keep in mind this is a bubble in government bonds – not equities. Shaking the tree in equities sends cash running into government debt. That is where it has to be to really create the most damage on the downside. The problem is in government – not the private sector.
While the economy is still growing, it is slow. Unemployment remains at about twice the level before the 1929 Crash began and just looking around you see a lot of available office space. Liquidity is down and this all warns that the upside in the economy is not as great as it should be so when it turns down, it will do so much harder.