Democracy v Republic & Big Bang
QUESTION: Dear Martin,
Thank you for the education in economics that I am receiving from you by reading your daily blog.
I have one question: When you refer to the “big bang” that is going to occur on 2015.75, can I infer then a “bigger bang” will occur on 2024.35 and that the “biggest bang” will occur on 2032.95?
May God continue to bless you with wisdom to share with all of us.
D
ANSWER: Big Bang is the crack is things as they have been. The perpetual borrowing machine that is fraying at the edges. Greece is interesting for the strangest thing I have noticed about cycles, they return to their starting point. The last Roman Emperor was named Romulus Augustus (475-476AD) Romulus was the founder of Rome and Augusts was the first emperor. So his name was very befitting. There is the prophecy of Saint Malachy (1094–1148). While many have regarded this list as fabrication at the time of its publication about 1590, what is curious there is the last Pope is supposed to be named Peter the Roman. I find it curious that this list ends with the same name as it began.
The last Byzantine Emperor was Constantine XI (1448-1453). He died fighting on the walls of Constantinople. Here too, he bore the name of the first emperor, Constantine I The Great. So for Big Bang to begin with the debt crisis in Greece, where Western Civilization was born, is perfect symmetry. These things seem to end where they begin. Ukraine was the battleground that made Russia.
Consequently, we may see a chance to return to real Democracy and the end or Republics. But this is more likely to unfold at the end of the cycle in 2032.95 and we are then likely to see China as the financial capitol of the world. We will go over the Democracy v Republic at the Solutions seminar. It is not unrestrained majority rule. What we have right now, is an Oligarchy they pretend to call democracy no different from the corruption the ended the Roman Republic and the swing toward authoritarianism with the birth of Imperial Rome.
Upcoming Conferences – Princeton, NJ
NSA Undermining All Computers Everywhere
The new crisis in trustworthy hard drives is one of the greatest threats to technology. It appears that the complacency or conspiracy of including Samsung, Western Digital, Seagate, Maxtor, Toshiba and Hitachi manufacturers of hard drives is just outrageous. The only way to clean this up is to simply refuse to buy any computer with a drive of those manufacturers. Someone has to FORCE these companies to choose between doing business or being a dog on a leash.
Infecting the firmware is outrageous and uncovering this giant gap in security means that hackers will now start to look how to access that and there goes all your credit card, banking info, and identity. Any politicians who supports the NSA in such a venture should be voted out of office. These people are sending us back to stone age and pigeon post.
The is a huge opportunity now for someone to step up and offer SSD drives certified to be secure with no hidden firmware.
Russia’s Central Bank Biggest Buyer of Gold
COMMENT: Hello old friend. I really cannot believe how naive these goldbugs are about the real world. Russia’s buying of gold is not a bullish gesture for gold whilst it is merely because the Obama administration is trying to get the Russians to overthrow Putin. Shutting down Russians from commerce only sends them to buy gold as they are forced out of dollars. These clowns do not know their ass from a hole in the ground as you Yanks say. You had us buying gold in New York and shipping it to Japan and then reselling in London all to reduce the dollar trade deficits. You are the most brilliant strategic bloke I ever encountered. When we met back in Geneva, you taught the Arabs how to use gold forwards to earn interest without calling it interest. These goldbugs just do not have a hint about real movements of capital and no interest in learning. They just talk a lot of codswallop. No aggro mate. They will wake up knackered in a daze. Will see you at the WEC. I hear this is going to be the event of your career.
REPLY: Yes Russia’s central bank was the largest buyer of gold all because they are simply trying to get out of dollars. It has nothing to do with price expectations. Yes, I remember well using gold to reduce the trade deficit. It did not matter what you bought as long as it was something in the States. That was a good ploy to buy gold in USA and export to Japan reducing the US trade deficit to get the politicians to shut up. They have no clue how all their statistics work.
Ah Geneva. The good old days. That was my real wake-up call to how the world worked. It was one giant masquerade party back then. You never know who you were dealing with. Under Islamic Law, charging interest or Riba is forbidden so the way to earn interest was to buy gold and sell it forward to collect the carrying costs. This made the gold market DEEP adding to liquidity. Yet these people do not understand the markets and argue “paper” gold suppresses the market when in fact there are futures on every commodity, share indexes, and bonds. They act like it is only in gold. Without that “paper” gold, there is no market or liquidity.
Yes this is going to be an interesting WEC. We just got one set of video tapes of just about every conference I have done from 1985, all the Tokyo events, and even New Zealand and London. Boy was I really skinny back then. This will be a gobsmacked event as you say.
The Sovereign Debt Crisis on Schedule
COMMENT: I thought I would remind you of this chart you produced of the sovereign crisis, today the Greeks have applied for a 6 month extension and if that is approved it finishes on the next turn date above of 2015.665. It’s unfolding on schedule again, just following your model, this is also just before the peak in the ECM on 2015.75.
Am I right in thinking the dates after that could indicate when a phase transition in stocks occur as money switches from public to private?
Thanks
D
ANSWER: Yes. It appears to be on target and the Pi target is squarely in 2017 as well. It does seem to imply this is where we will see probably first a fake-out correction, and then it should take off to the upside. This is when people will get very confused. The last Public Wave peaked in 1981.35 and we began this Private Wave in 1985.65 which happened to mark the Plaza Accord and the birth of G5. It is the Private Wave where volatility rises as people become disillusioned with corruption in government. They will be forced to turn to private assets when they wake up and see that government debt is just hopeless. They are keeping interest rates historically low which saves them a fortune right now, but as rates propell higher, the entire system will collapse. Those who have bought bonds at these rates will lost their shirt, pants, house, wife, kids, and the dog.
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