The Curiosity of a Number
A lot of questions have come about the prophecy of Saint Malachy (1094 – 1148). Whether or not this is valid or made up when it was published in 1580 and attributed to him I do not know. My curiosity emerged from the number for the last Pope – 112. I stated that I discovered the ECM when I stumbled upon a list of Panics from 1683 to 1907. There were 26 international panics within 224 years that yielded the 8.6 year cycle, which ended by being Pi. So when I saw the number 112, which was precisely half that cycle duration, I was curious. If it was a fraud, they were strangely lucky to select a rather important number.
Ever since the resignation of Pope Benedict there has been tremendous interest in the new pope, Jorge Mario Bergoglio (also known as Pope Francis) and his link to the predictions of an Malachy from the 12th century. Malachy, was born in Northern Ireland and was appointed Archbishop of Armagh in 1132. Many of those who knew him best said he received the gift of prophecy and witnessed many miracles throughout his lifetime. He was even known to have predicted the day and hour of his death.
In 1139 it was claimed that he received a vision from the Lord which revealed a long list of popes who would rule the church until the end of time (112 Popes total). This vision eventually became known as the “prophecy of the succession of the Popes,” which has resurfaced with the election of the new pope. Malachy’s last nine Popes according to this “Prophecies of the Succession of the Popes” were:
- Pope Pius X (1903-1914) received the title, ”The Burning Fire,” from Malachy’s prophecies. This Pope showed a burning passion for spiritual renewal in the Church.
- Pope Benedict XV (1914-1922) received the title, “Religion Laid Waste,” from Malachy’s prophecies. This pope made an attempt to bring peace during World War 1 but failed, which lead to the deaths of millions of Christians. He witnessed the rise of communism which brought an end to the Christian influence in Russia.
- Pope Pius XI (1922-1939) received the title, “Unshaken Faith,” from Malachy’s prophecies. This pope witnessed the rise of Nazi Germany, during which time, he was an outspoken critic of communism and fascism. He ruled when Christians were under persecution from the Europeans and stood faithful until his death.
- Pope Pius XII (1939-1958) received the title, “Angelic Shepherd.” This Pope had an affinity for the spiritual world and was known as an Angelic pastor to his flock.
- Pope John XXIII (1958-1963) received the title, “Pastor and Marine.” Prior to his election, he was the patriarch of Venice, which is a marine city.
- Pope Paul VI (1963-1978), received the title, “Flower of Flowers.” His personal arms displayed three lilies.
- Pope John Paul I (1978-1978), received the title, “Of the Half-Moon.” This pope was elected during a half-moon and ruled for only one month because he died unexpectedly during the next half-moon.
- Pope John Paul II (1978-2005), received the title, “Eclipse of the Sun, or Labor of the Sun.” This pope was born during a solar eclipse and was buried in Rome during another solar eclipse. He was from Poland and used the Solidarity Labor Union.
- Joseph Ratzinger (2005-2013) received the title, “The Glory of the Olive.” Joseph chose the name Pope Benedict XVI. Interestingly, the Order of the Benedictines refer to themselves as, “The Olivetans.” Not only that but the name Benedict means “blessing.” If we were to put his name together it can literally mean, “The Blessing of the Olive.” This pope resigned Feb. 2013, which now leads us to the current pope, and his prediction from Saint Malacy.
Is Pope Francis, The Final Pope? According to Malacy’s prophecy, the 112th pope, will be known as “Peter the Roman,” the last and final pope. Here is the prophecy…
“In the extreme persecution of the Holy Roman Church, there will sit… Peter the Roman, who will pasture his sheep in many tribulations: and when these things are finished, the city of seven hills will be destroyed, and the terrible judge will judge his people. The End.“
The current pope is Jorge Mario Bergoglio, who chose for himself the name of,Pope Francis. Absolutely no Pope has ever taken on the name of “Peter,” so it is no surprise that Jorge did not either. The shock lies in the fact that Jorge picked the name, Pope Francis, whose real name is, Giovanni di Pietro [or Peter]. But he was born in Argentina so at first glance the word “Roman” implies that the pope must be of Italian decent. Interestingly, Jorge is a native of Buenos Aires being born one of five children of Italian immigrants, thus making him of Italian decent. That does appear to qualify him perhaps as “Peter the Roman.”
Pope Francis is the first Jesuit pope, but also the first pope from America, and the first pope from outside Europe since Pope Gregory III in the 8th century. Does this satisfy Malacy’s final prophecy or is there a twist? Some Catholic historians argue he is the 111th Pope, not the 112th. These historians claim that Pope John Paul II was a continuation of Pope John Paul I, and therefore should be counted as one succession, rather than two. Considering Pope John Paul I only ruled for one month, they tend to wrap him together in succession with Pope John Paul II, thus making it one rule. Putting Pope John Paul I and II as the 109th Popes, Joseph Ratzinger as the 110th, then Pope Francis becomes the 111th pope and not the 112th.
I have no opinion on this prophecy. My curiosity centered only around the fact that the number of popes was strangely 112. That’s it. I do not get into religion because it really does not matter since that falls into a BELIEF mechanism that cannot be established. Man has been creating gods since ancient times because he does not want to be alone. Every religion preaches the same basic tenets so I simply go by the maxim treat others as you would have them treat you. So the extent of my interest had to do with the number.
Comment From the Medical Profession
COMMENT:
Mr Armstrong,
I laughed out loud this morning reading your blog. Your blog piece about how doctors (health care in general) and lawyers are peaking with 2015.75, I believe is spot on.
Looking back at the past 10 years I have been in practice, the fortunes of my group do trace out the ECM. There was a soft landing from the bottom in March 2009… an Ice storm! Independent medical practices that are still afloat are delving into real estate and other ventures. Just look at the number of practices or any health care ventures in strip malls and retail commercial space at this time. Think back ten or 15 years ago…. how many back then? I believe this is part of the peak.
At a conference not dealing with medicine, I sat next to a hospital administrator of a small outlying facility in southwestern Pennsylvania. The projections from his association for their future is for 50% of small outlying hospitals to be closed in the next 5-10 years. (The periphery goes first!)
From a personal perspective, I appreciate very much your opening up your thoughts and teaching to the little guy. I have felt for some time that something is wrong but could not put my finger on it. My wife thought I was nuts …. (more than usual). Dragging her to your 2013 conference in Princeton NJ, she finally looked at me at me at the end and understood that something was wrong. She actually said I was right !
Again thank you and see you in Oct/Nov.
DHK
PS. Is it possible to host future conferences in a non communist state (ie not NJ)?
REPLY: Well when you get married you lose forever the window seat when you travel. It sounds like you have achieved the most amazing thing – your wife thinks you are right! OMG! I usually get, so why do you care about that stuff? That typically is the end to a short dating cycle. You find very smart women on top their game but they are not often the wife. Real paradox.
As for NJ, yes I agree. But Philadelphia is just insane. We booked the convention center. The demands kept getting worse and worse. I had to get terrorist insurance to protect the convention center, city of Philadelphia, and the State of Pennsylvania. The straw that broke the back on top of the movie crew flying in from Germany were not allowed to film unless they hired local camera union workers, was the final request that I would have to verify that everyone attending who would park in their garage had auto insurance. That was it. I had one week and the Marriott could handle us. They asked why we were walking away from the Convention Center – unions? They kept our deposit and I will never hold another conference in Philadelphia ever. On top of all that, they want me to pay income tax to the city every year for holding a damn conference there. Never again. Princeton is easy to get to and half-way between NY and Philadelphia so people can fly in to either airport and Amtrack will take you right to Princeton. That train is used by politicians so no local train slum of questionable safety.
Comment from a Reader & Manipulations
I have received a lot of emails of support ever since the gold promoters once again try to slander me to prevent people from listening to any view other than that presented by them. The most abusive promoters who will never say sell act the same as government and the bankers. It is just that their self-interest is different – or maybe not.
My concern has always been that there are fake analysts supported by the market-manipulators who put out real bullshit. In the DOT.COM Bubble, the Investment Banks got caught putting out bogus analysis with conflicts of interest to mislead investors and had to pay fines on that one. Of course the class-actions lawsuitswere dismissed in NYC as always where the judges protect the bankers. How can you pretend to be a gold analyst when you have conflicts? This is flat outright illegal.
There was a paid analyst who tried to shut me up when I was warning that “they’re back” since the first silver manipulation was 1993 and they were going to take silver to $7 by January 1998. I firmly believe this analyst was on the payroll of PhiBro since that is the firm which was involved with Buffet since he was the White Night after Solomon Brothers got caught manipulating the US Treasury Bond Auctions in 1991. The pretend analyst called the Wall Street Journal who called me accusing me of trying to talk the market down. We argued and it made no sense if I was trying to talk the market down by saying they were going to take it to $7. The journalist said if it was being manipulated, give him the name. I said fine - Warren Buffet. Let me see you print it. He responded that was absurd, Buffett did not trade commodities. I told him that was how much he knew.
Once the WSJ ran that article, the CFTC had to call me. I told them the manipulation was in London and outside their jurisdiction. They never asked who. They called the Bank of England who ordered all silver brokers to appear the next morning and Buffett came out that night saying he bought $1 billion worth of silver for the long-term, but then sold it out as silver made new lows. Even ZeroHedgepublished an account of another Whistleblower on the silver manipulations.
However, a mere trader still did not grasp the difference between these two manipulations. The first was where the CFTC went to PhiBro and wanted the client’s name. PhilBro refused to give the name so the CFTC said exit the trade. Anyone else would have been in jail. This is WHY the manipulations were moved to London. They took delivery of silver in NYC and moved it to London. They then touted a shortage in silver and got the average guy to buy. That is why the CFTC had to call the Bank of England. This is why AIG went down on the mortgage insurance in London. That business was all then being written out of London. This is why 2007 crisis emerged from that source all because of the 1993 silver manipulation that sent the players to London.
So I am well aware of fake independent analysts who feed the press and create scenarios for the market manipulators. Nobody ever investigates that connection. So the only way to make it to the future without total chaos is to comprehend the truth – not fiction. Those who try to make up shit like oh the track record of the fund we managed for Deutsche Bank was fraud, love to distort the truth. All investors in the public funds received their share of the funds with profits. We dealt with many banks. Even to make the movie the FORECASTER, the producers had to verify everything to get Error & Omission insurance to do the film. The insurance company had independent lawyers verify the facts and documents before they would write such insurance if they could be sued.
The ONLY bank where there was a problem was Republic National Bank/HSBC where they admitted to illegally trading in our accounts. That had nothing to do with client funds since it was our proprietary accounts and client funds were with other banks where there was no problem. The ONLY problem that existed was with Republic, and in knowing your client, they had internal audits of our trading which showed profits not losses. They couldn’t cover up that stuff.
So I find it extremely ironic that those who try to claim I say there is no manipulation attack me and in the process defend the banks. That is just astonishing and it really makes me question whose side are they on.
No market goes straight up. There is always an oscillating trend. They hate my guts for merely saying there will be a correction. The only reason to do that is that their sales will decline. So they have a self-interest in preventing someone from saying do not but now, it will be cheaper latter.
Gold will bottom and then rally. It is part of Big Bang. It is not inflation that gold responds to. It is the collapse in trust and confidence in government. We are headed into the eye of the storm. I BELIEVE we will end up with a one-world reserve currency and there will be wholesale defaults of sovereign debts. This is the ONLY issue that will result in a gold rally. Not paper v futures or anything else. Gold is by no means SYSTEMICALLY suppressed just for the hell of it. They make their quick buck and move to the next. That is an excuse for being wrong. Most manipulations are to the upside – not to the downside.
So here is a comment a reader from Australia he wanted me to post:
COMMENT: Hi Marty. I welcome you to pass this message along to your new
readers if possible.
readers if possible.
Some where about 4 years ago, I stumbled across a guy named Martin
Armstrong on the web. I never heard of him. Now …up to this point, I
seemed to have read all mainstream economist. No one ever could
really get too much right as far as forecasting. There always seemed
something missing in regards to all, no matter their spewings or take
on things.
Armstrong on the web. I never heard of him. Now …up to this point, I
seemed to have read all mainstream economist. No one ever could
really get too much right as far as forecasting. There always seemed
something missing in regards to all, no matter their spewings or take
on things.
I found online there was a un-authorized web page with Martins
writings. Now, what struck me right away was he would tell everything
from a completely different perspective to what I was always taught.
That really got my attention. His computer program analysis had a
incredibly high degree of accuracy. So as the weeks and months
passed, I would read every article and computer chart that was
posted, all fascinating. The thing is…he and his computer would say
this or that would happen next, whether in regards to a commodity,
market, country or event.. I would almost scream as time went along
because just like that…. it would happen in the time frame forecast.
Shocking and frightening. I would always think to myself, gosh, I
could of done a trade on that Lol.
writings. Now, what struck me right away was he would tell everything
from a completely different perspective to what I was always taught.
That really got my attention. His computer program analysis had a
incredibly high degree of accuracy. So as the weeks and months
passed, I would read every article and computer chart that was
posted, all fascinating. The thing is…he and his computer would say
this or that would happen next, whether in regards to a commodity,
market, country or event.. I would almost scream as time went along
because just like that…. it would happen in the time frame forecast.
Shocking and frightening. I would always think to myself, gosh, I
could of done a trade on that Lol.
So Martin, being the giving person that he is, kept saying
occasionally in his new blog that there was going to be a monthly
directional change in the Metals. Based on the computer model. I
believe it was for October. Up to that point the metals were steadily
going up for months. Now.. I knew that when silver was hit, it
typically would go down all of 10% in a month. So being either the
fool or the wise man at the time, I bought the DSLV stock at the first
of the month. (Can’t trade options with IRA’s) So I was all
in…both of my small IRA’s. I would tell everyone at work about
Martin and his forecast. I had a plant manger I would always chat
markets with. ( I needed witnesses so I could bask in my personal gain
lol)
occasionally in his new blog that there was going to be a monthly
directional change in the Metals. Based on the computer model. I
believe it was for October. Up to that point the metals were steadily
going up for months. Now.. I knew that when silver was hit, it
typically would go down all of 10% in a month. So being either the
fool or the wise man at the time, I bought the DSLV stock at the first
of the month. (Can’t trade options with IRA’s) So I was all
in…both of my small IRA’s. I would tell everyone at work about
Martin and his forecast. I had a plant manger I would always chat
markets with. ( I needed witnesses so I could bask in my personal gain
lol)
Not that I should of been surprised, but the first two weeks I think
I was up 20%. Preaching to all of my astronomical gains =) I
lightly sweated threw the bounce in the 3rd week. Had a sell order in
place once it hit the 30% gain. So at the end of the month, yes my
IRA’s, up 30%.
I was up 20%. Preaching to all of my astronomical gains =) I
lightly sweated threw the bounce in the 3rd week. Had a sell order in
place once it hit the 30% gain. So at the end of the month, yes my
IRA’s, up 30%.
My summery to readers is this. Saying with a subtle grin and a pinch
of humor. Sometimes Marty says to much. Sometimes Marty doesn’t say
enough. So what a every reader should focus on, listen to that damn
Frankenstein computer of his because it tends to be very right.
of humor. Sometimes Marty says to much. Sometimes Marty doesn’t say
enough. So what a every reader should focus on, listen to that damn
Frankenstein computer of his because it tends to be very right.
Best to all and hope wisdom gets you through the Big Bang.
NGK
Doctors & Lawyers Peaking with 2015.75 – The Crash & Burn
The two fields that are peaking with this turn in the ECM appear to be law firms and the medical industry. Both has become extremely arrogant and way over-priced. The entire Obamacare was REALLY about hospitals who had to provide care for indigent people who just showed up in emergency rooms. Obamacare was all about making sure these medical-for-money corporations did not have to do anything for free. But in trying to guarantee their financial security, he has established the high. In Europe, my mother had visited me when I lived in London. She fell and went to the hospital. There was no charge. In America, the hospital had to “ethically” provide the service, but then unethically sued your ass.
The legal profession has committed suicide. The big firms have so over-priced themselves and pad the bills unbelievably it is outright criminal. I actually had a lawyer send me a bill attempted phone call not answer. Pages of attempts when I told him I would be in Europe. Needless to say, I loath having to hire US lawyers.
The legal profession is showing the signs of stress. There are smaller firms who are now starting to try to survive and coming up with the fixed-price for work policy the way it should be. Then there are what is now called the “Large Enough” law firms who are devouring the market share of the “Largest 50.” We are starting to see law firms laying off attorneys and revenue of the Largest 50 is now declining.
Among firms with 201-500 lawyers are referred to as “Large Enough” firms with the over 500 lawyers meaning the “Largest 50”. They are growing rapidly up from 18% three years ago (July 1, 2009 – June 30, 2010) to 22% in the trailing 12 months that ended June 30, 2013 and it appears have exceeded 25% by the end of 2014. Simultaneously, the share of U.S. legal fees paid by clients to the “Largest 50,” has declined in proportion from 26% to 20% over the same period.
Analysis on a closer level reveals how the greed of the “Largest 50” firms has taken it toll. There has been a distinction shift in legal work from the “Largest 50” firms to the “Large Enough” category is far more dramatic. The “Large Enough” firms have almost doubled the share of high fee litigation matters that generate fees exceeding $1 million or more rising from 22% three years ago to 41%. This is contributing to lawyers being laid-off.
Examining specific categories of what is known as “alternative fees” meaning contingency where lawyers are paid based upon actual performance, “Large Enough” firms have billed nearly twice as much under alternative fee arrangements as did the “Largest 50” firms over the trailing 12 months. The East Coast firms have become so greedy, they wanted just unlimited high-end billing. Performance should be the mainstream but that may clip the wings of the “Largest 50″ where they tend to also be too bureaucratic and inefficient.
The Average US law firm partner bills at $381 per hour according to LexisNexis. So in terms of billed hourly rates paid by clients, the average hourly billing rate of a partner in a U.S. law firm increased 2.7% over the previous year to $381 per hour on a national basis. The partner’s practice area carries average billing rate of $630. You can’t find a lawyer on the East Coast willing to bill such an amount. The low-end tends to be $600 and the high-end $1,500 per hour. And then they always over-bill anyway. The highest growth in legal fees are still Philadelphia, Detroit, San Francisco, Atlanta and New York are the top five cities where law firm hourly billing rates increased above 2.5% in both year-over -year and three-year compound annual growth rate. Phoenix, Boston, Houston, Dallas and Minneapolis lagged behind and this is the peripheral that is showing signs of declining already. We should see the top five cities start to decline sharply with the turn in the ECM 2015.75.
Source: CounselLink Enterprise Legal Management Trends Report