90 Yr-Old Threatened with 60 days in Jail For Feeding Homeless People
When I say that the laws in the USA have simply gone nuts, this is really an understatement to say the least. A reader from London contributed this article. The Telegraph in London reported what took place in Florida, where two pastors and a 90-year old man were actually arrested for feeding the homeless in public. They now face a 60-day jail term and a $500 fine for breaking a new law passed by the city. The 90 year-old reported that he had a tray of food in his hand and “one of [the] police officers came over and said ‘Drop that plate right now,’ as if I was carrying a weapon.”
You just cannot make up this stuff. And the Democrats cannot figure out that the people are getting pissed-off at who is ever in office? And what about the police? Is this just turning into thugs with badges who just enforce whatever law some nut-job politician writes? What if they passed a Herod type law to curb population and decree that everyone must kill their first-born. When does reason ever return to the police force these days? They no longer protect the people – they protect the politicians against the people.
It looks more and more like a serious political uprising will erupt by 2016 once the economy turns down. That is the magic ingredient. Turn the economy down and you get civil unrest and revolution.
Youth Should Work For Free – Bank of Canada Recommends
What is seriously being overlooked here around the world politically is we are dealing with a revolution of the youth as a consequence of the collapse in Marxism. Pictured above is Bank of Canada Governor Stephen Poloz who has amazingly stated that the rising unemployment among the youth who are living in their parent’s basements, should just consider working for free. That’s right! Adult children stuck in their parents’ basements should take unpaid work to bolster resumes as they wait for the recovery to take hold, which does not appear to be until about 2020.
The Bank of Canada estimates about 200,000 young people want to work or work more in Canada, but this seems to be an under-estimation. Poloz actually said that they may be scarred by prolonged unemployment that prevents them from moving out on their own.
Here in lies the crisis and it is the product of Marxist-Socialism and raising the taxes on the hated “rich” who create the jobs, yet the average person pictures Warren Buffet not the owner of the local store selling bread and milk. Small business creates 70% of the work force – not the big corporations that banks and politicians cater toward these days. They keep raising taxes on small business preventing people from trying to expand or start a business and the tax revenues go only in the pockets of politicians – they do not lower taxes for the middle class. Great slogans that the rich should give back, but the problem is it goes nowhere but to fund the pensions of government workers – nothing to lower the taxes on the lower classes.
More and more people among the youth do not identify themselves as a member of ANY political party. The older generations still read newspapers. The younger generation read the internet. They are LESS LIKELY to vote along party lines and this is the real key to the political revolution brewing in the wind everywhere from Asia (i.e. Hong Kong) to Europe (i.e. Scotland).
This is what appears to be behind the 2016 computer forecasts for a rising third-party. We can see the sharp spikes in third-party activity during the 1890s that led to the rise of Marxism thanks to the Panic of 1893. We then see the next sharp spike rise during the Great Depression. Take note how the spike correlate to the economic downturns.
Notice that the spike rallies in third-parties have been building and already exceeding the highs that took place leading into the two major spikes in the 1890s and 1930s. This trend is building in strength that should pop with another spike in 2016. It appears to be lining up with the generational shift and this should be extremely interesting to say the least from a political revolution perspective. Now correlate that with our Cycle of War. All of a sudden you can start to see the correlation process and the convergence between just these two indicators.
We are definitely living in interesting times. Forbes reported that 60% of college grads cannot find work in the field of their study. Now 50% of the youth who are working and have college degrees, are doing jobs that do not require a degree. The numbers do look awful in Europe. In Greece, youth unemployment has risen to 57.9 percent—and in Spain, to 55.2 percent. EU-wide, it’s up from an already worrisome 21.1 percent in 2010. You cannot raise taxes, pile on regulation, impose Obamacare, then raise the minimum wage where kids got a chance to work when I was growing up getting their foot in the door and expect this to go away. There is just no management skills in government. It is all ad-hoc.
Pound v Euro – Should Britain Just Leave? Is the Euro a Doomed Currency?
The European Union will hit Britain with punitive fines of £90 million next year if David Cameron refuses to pay a £1.7 billion bill from Brussels. If Cameron has any guts, he will lead Britain out of the EU before it is too late – that’s what Maggie Thatcher would do. Maggie warned that the danger of the EU would be that its end-goal was a political union (one-government) not an economic one. I can verify that since the commission to create the Euro came to our London World Economic Conference and took the whole back row. They just wanted to create the Euro at all costs. They understood what I had warned that you cannot create a single currency without a single debt. They told me there was no support for that so this had to be accomplished in steps. Indeed, the end goal was a single government for this idea that a one European government would eliminate European wars.
Unquestionably, Maggie understood cycles and history. She would NEVERgive into Merkel who seems to be hell-bent upon destroying her own country politically for this one-government theory. She will not even allow any referendum on the Euro in Germany trying to ensure the people have no real say in their future or the future of Europe.
Merkel has now suggested that she would rather see Britain leave the EU than change the rules on freedom of movement, describing the principle as “non-negotiable”. Merkel is doing her best to just support a failed policy and she will ruin Germany in the process. Britain had better take her up on the statement and get out-of-town before it is too late.
Mr Cameron has said last month that he would not pay the“completely unacceptable” bill and warned that it would reduce the chances of Britain staying in the EU. Brussels is out of control and this is now all about keeping the bureaucracy alive not in fixing any problem. Brussels is actually now threatening to charge Britain interest for a late payment that is almost £2 million per week if it refuses to pay the full amount by December 1st.
The Treaty of Rome was a group of six nations creating far more than an economic union behind the curtain. The EU needs Britain – it is not the other way around. Britain should get out of the EU while they can still walk. Our computer’s first mind-blowing forecast in 1980 I have relayed numerous times over the years was that Britain would separate from Europe economically and its economy would align more with the USA than Europe. That dramatic forecast is why I had to teach it language to understand how could such a forecast be real. That forecast remains in full force today as it did 35 years ago.
Here is the ECM calculated for the birth of the EU with the Treaty of Rome on March 25, 1957 (1957.23), when representatives of the six founding countries met in the Italian capital to sign the agreement, which became the cornerstone of the EU. If we plot the ECM from that date, we arrive at the target 2008.83 (October 30, 2008), which should have marked the beginning of the end for the EU.
Of course it was 2010 when Greece first moved into crisis. That took place precisely to the day on the Global ECM Pi Target. Strangely enough, the first sign of a crack with the EU actually took place to the day of this model in Italy – October 30th, 2008. TheItalian Education Reform Protests erupted on precisely October 30th, 2008 : Protestors to the Education Reform proposed by Prime Minister Silvio Berlusconi had taken to the streets, including teachers, students and parents over the proposed multi-billion-euro education cuts .This date of October 30th in Italian history is rather important. In 1922 Mussolini on Monday, Oct. 30th, demanded that complete control of the government be handed over to his organization or he was prepared to fight his way to power with his army of 800,000 supporters. The King of Italy Victor Emanuel agreed to his demands and allowed him to form a cabinet It is interesting how that date market the start of the protests against the EU policies.
When we look at the Euro itself, that date marked the first low in the crack of the Euro. Our models on Europe show that this wave that ended 2008.83 was a PUBLIC WAVE and Europe entered into itsPRIVATE WAVE and this is where government becomes aggressive because it is attempting to hold on to power it once had. This is why Europe is becoming politically doomed and unreasonable warning that it is now more-likely-than-not that we will see Europe break and the fate of the Euro appears to be a doomed currency.The ECM and a 1,000 different flavors
QUESTION:
Dear Mr. Armstrong,
based on your work on capital flows I assume there excist different ECM’s for different regions. How detailed do you calculate this models, have you got one for every continent, region or even country? I have never seen the ECM for Europe on your blog but I assume its already heading down as the capital is heading to the US for the next couple of month.
Keep up your great work
K
ANSWER: This picture of the ECM is the global version. Yes, we run it separately on each country and region and the starting points differ according the history of when such countries began. This does allow us to fine tune everything. You will see the complexity soon and why it takes a computer to do all the global correlations for it becomes impossible for any individual to do everything required each day on a consistent basis. It also illustrates how OPINION is pretty much useless.
Dow – Actual v Theorectical
QUESTION:
Marty,
Could you please Clarify?
On Oct 31, based on stock charts, the DOW closed at 17390.52, ABOVE the September high of 17297 and intraday high of 17350. But you said Sept high was 17042.90?
On Nov 1 you said we did not exceed the September high and did not close above it.
BUT WE DID!!!
So is the sling shot move confirmed or not???
Best,
TD
TD
REPLY: How the Dow is calculated be it theoretical or actual does make a difference some times. You will see in the data we use posted in the Global Market Watch is the theoretical Dow where it should have trade based upon all stocks. This is the more standard index. You will see this data in CSI as well. On this basis, the September high was 17414 so we did not close above that high. If we used the actual Dow. the numbers would be different accordingly. So no – the Sling-Shot Move was not confirmed.
You can always check the Global Market Watch for the data. In some futures, there can be difference depending upon do they use the actual closing of the exchange or the electronic trading. The GMW shows the data we use in each case.
Republican Sweeping Victory Taking Senate – A Prelude to 2016?
Republicans rode a growing wave of voter discontent during the midterm election winning the control of the Senate literally punishing the Democrats for even electing what is glowingly becoming apparent that Obama is a repeat of Bush Jr, just worse. This will now clip the wings of the Democrats and the social agenda of Obama and his warmed over Marxists like LaGarde in the IMF.
Obama has now lost any of his political influence so he can now just play golf and count his life long pension for pretending to be President of something. Obama is dead as a president. He will not wake up tomorrow and view the world any differently than he did when he woke up this morning. He seems totally disconnected and shunned by his own party for lacking any substance. Perhaps the days of electing puppets may be coming to an end.
We have to connect the dots here around the globe. The President of the European Commission Jean-Claude Juncker has found himself diminished both by Britain and Italy. In a rebuke for Matteo Renzi and David Cameron he urged the politicians to respect the EU Commission. Juncker said “I am not the head of a gang of bureaucrats.I am the President of the European Commission – a political institution – and I want the Prime Minister to respect this institution.” The respect for the head of state is diminishing not just in the USA, but in Europe and Juncker is actually and un-Democratic head of state unelected by the people. He is very much just a bureaucrat and this is what has been running the USA since Bush, Jr. with a mindless puppet pretending to be President. This is really at the core of the American elections. It is not a win for Republicans as much as it is a rebuke of how the state is being run. This is one small step toward 2016 and handing both houses to the Republicans, which now will lead to Americans seeing both parties lead nowhere.
Republicans have indeed won in places where Democrats were even favored, like a Senate race in North Carolina. The Republicans pulled out victories where the going was very tough such as in the Senate race in Kansas. The Republicans even swept a number of governors’ races in states where Democrats were also favored, even in Obama’s home state of Illinois. And as for the House of Representatives, well when the new Congress takes power in January, the Republicans will be in charge of both chambers of Congress for the first time since elections in 2006.
While Republican Senator Mitch McConnell of Kentucky won a hard re-election battle, he will now replace Democrat Harry Reid as Senate majority leader. The Democratic press, such as CNBC, have just lost their mind and remain in denial. They actually have been talking themselves in circles arguing that the Democrats lost because they turned their back on Obama. They just cannot contemplate their vision of Marxism that they spout out is dead. This is not about Republican v the Democrat – this is about people having less and less disposable income and promising to raise taxes on the rich does not put more money in anyone’s pocket except politicians. There is no real tax reduction policy among Democrats for the middle class – it is always raise taxes on the pretend rich that only come back and raise taxes on everyone else at the end of the day.
The warmed over version of Marxism we call socialism has utterly failed. These people in government of both parties promised pensions and social security yet keep reducing everything because it was never funded. They have just assumed they could always tax their way out of ANYTHING. That is what is now collapsing.
Our model actually predicted 52 seats for the Republicans who needed six seats to win control of the 100-member Senate, but by late evening they had the seven. Our model put the maximum at 54 and it showed a minimum of 45, which is where the Republicans were. That showed that the Republicans would certainly not lose any seats. The two Republican victories were in Iowa where Republican Joni Ernst was declared the winner over Democrat Bruce Braley and the Republican Thom Tillis defeated incumbent Democratic Senator Kay Hagan in North Carolina. These were the key seats, but the Republican Senate candidates also picked up Democratic seats in Montana, Colorado, West Virginia, South Dakota and Arkansas.
This is being touted as the “Republican Surge” that is now expected to force Obama to scale back his legislative agenda (or who ever is pulling the strings) but this may not limit his ambitions to either use un-Democratic executive actions, which should be declared unconstitutional since they do not require legislative approval. Meanwhile, Obama is poised to issue executive actions by year’s end to defer deportations of some undocumented immigrants, and over energy policy, as Republican press the president to approve the Keystone XL pipeline carrying oil from Canada. On other issues, like climate change, Obama is likely to continue to take actions on his own.
Now the delusional Republicans, hoping to win the White House in 2016, will find themselves perhaps wishing they had not had this“Republican Surge” for they will not comprehend what is really going on here. The pressure will now be on Republicans to show Americans they are capable of governing something. This is a powerful repudiation of the Obama agenda, and the Obama economy that isn’t working. However, the Republicans stand little chance of correcting anything given Boehner removed from all financial committees anyone who supported Ron Paul demonstrating he doesn’t get it. Boehner will now be re-elected as Speaker and this guy is incapable of creating any positive change himself. He likes Washington as is and sees nothing wrong with the power system.. He went out of his way to defeat any Tea Party candidates so he could rule the Republican Party his way – maintain the status quo. That will DOOM the Republicans for 2016 so Boehner was handed the keys to how to destroy the two-party system. Just watch how nothing will change now.
Boehner cannot grasp that the American people are frustrated with what’s happening in Washington. He will not change anything and see the victory tonight as a confirmation of his delusional view – a huge mistake. A Reuters/Ipsos poll showed 75% of respondents believe the administration needs to “rethink” how it approaches major issues facing the United States and 64% said Obama should replace some of his senior staff after the election. Boehner simply will not grasp this is not a vote for him as much as it is a vote against Washington as a whole. The polls that show the approval rating of Congress are only at 7% – even worse than the Presidency that stand at 39%.
This all sets the stage for 2016. When the people see things do not get better and as the economy turns down 2015.75 – there will be one-year to the 2016 election. We should see a sharp rise in third party (independent) candidates for the first time since the Great Depression.