EU using the Refugees to Federalize Europe
Europe is failing and what is going on has been to press down upon the neck of Europe with more undemocratic authoritarian measures to maintain the jobs in Brussels. What Hitler and Napoleon could not accomplish, the EU Parliament has done with lies and stealth maneuvers behind the curtain supported by the press. When 2017 arrives, this will be the shot heard around the world. This may mark really the end of Western Democracy. Before, people could flee Europe to the new land – America. Where do we go this time? Those who would rule the world have taken control of governments forcing according through the United Nations and G20.
Hillary for Prison 2016
Even Snowden states that anyone who handled top secret material like that when the government is being hacked all the time keeping a private server in a bathroom in California would be in prison. Snowden explains why he did what he did. It comes to a point when you just have to stand up for what you believe or you cannot look yourself in the mirror.
It’s Always Corruption – Just Follow the Money
Christine Lagarde, head of the IMF who has been threatening countries to turnover the rich or they would be removed from the Swift Code system disabling them to receive or transfer funds with any country. Lagarde has her own skeletons in the closet. When she was French Finance Minister, there have been allegations since 1993 that she corruptly signed off on handing a friend of Nicolas Sarkozy €400 million for a deal that was bogus and who has now been ordered finally by the French court to return the money. Lagarde has now been ordered to stand trial over the objections of the prosecutors who want the case dropped for political reasons.
France has a special court whose historical roots go back to the idea of a Roman Tribune who could prosecute those in power. The USA has the pretense of such a office called the Inspector General who said Hillary Clinton should be investigated if not criminally charged. But in the States, the Inspector General is a nothing position for it is subordinate to the Department of Justice who is appointed as a political post and makes all decisions on any prosecution. So no shock there that a Democratic President refused to criminally charge Hillary when anyone else would be in prison rather than running for president.
Christine Lagarde has already appealed the decision that she should stand trial. The case actually hinges on whether Lagarde was being negligent with state funds when, acting as the French Finance Minister, she signed off on a €400 million payment to businessman Bernard Tapie, who sold his stake in Adidas to investment bank Credit Lyonnais. The corruption among career politicians runs deep. It is rare to find anyone who does not benefit one way or another directly or through family members. Just wait until the shit hits the fan at the ECB and we really get a glimpse at behind the curtain with special deals for favored banks by Mario Draghi who was at the time chairing Italy’s central bank which was in charge of supervising trades and the disaster of hiding bad debts deep inside Banca Monte dei Paschi di Siena, which is the oldest bank and where banking began after the Dark Age.
Market Talk December 17th, 2015
Asia roared-on, after all the fun and games in the US with the Nikkei and Shanghai indices closing up close to 2%. Mid price in Yuan was fixed even lower (by the PBoC) at 6.4757 – the Yuan is allowed to trade within 2% of official fixing rate (previous 6.4626). Also worth mentioning here is the HKMA (Hong Kong Monetary Authority) raised its base rate to 0.75bp (from 0.50%).
European Stock markets opened with a flurry of buying but by mid-session most had peaked and were on their way back down. All closed positive (DAX +2.6%; CAC +1.15% and FTSE +0.68%) but way off their highs.
US markets opened unchanged then started to drift on weaker oil prices, holiday liquidations and a weaker than forecast Phili Fed Index (-5.9 after a positive 1.8 last month). By the close of business the DOW all of yesterdays 156 points and lost an additional 100 points today closing down 1.43% at 17,595.
Oil and Gold both had poor days today with the black gold losing 2.2% whilst the yellow lost over $26 (-2.5%). There remains concerns about over supplies with many commenting on worries of a global glut. Obviously, given the US Dollars strength in todays market this is having a knock-on effect on all asset classes. The DXY (Dollar basket) gained 1.34% and even more against many emerging market currencies. Strong performances against the Russian Rouble (+1.45%), KRW (+1.25%), CAD (+1.3%) and AUD (+1.55%).
We did see more curve flattening within the US Treasury market with 2/10 gaining 5.5BP to close +123BP. as we warned at the conferences. After the initial sell-off upon the FED announcement (10yr TY’s hit 2.33%) tonight they were last seen at 2.22% and 30’s last seen 2.93%.
The spread between US/Germany at 10yrs closed this evening at +162BP and this after the FED has raised and the ECB remains in easing and QE mode for it knows not what else to do. The 5yr US/Germany spread closed this evening at +100BP.
Socrates Waiting List
Every day we add another group of people to the Investor level platform, which includes pattern recognition models, pricing charts on all timing levels, and a verbal summary of the long-term trend. However, the Investor level does not include forecast arrays, reversals, or analyses on short-term trends, as they will be exclusively available on our Trader level platform. World Economic Conference attendees will receive an exclusive 10-day sneak peak of the Trader level of service at the beginning of January before it is released to the general public.
We anticipate that the Investor level will handle millions of people around the world in all markets and contexts. The response has been huge; the first day alone created a list of over 4,000 requests and counting. We are adding people regularly to ensure the servers can handle the load. Keep in mind that this system covers the world. So far, we have included only the S&P 500 stocks in addition to global markets. We will add all stocks in China, Japan, Europe, Russia, Middle East, etc.
For a computer to analyze so many markets and economic statistics and articulate them to write commentary and correlate the world is by no means a simple task. This project would take tens of thousands of analysts from around the world to accomplish, assuming they are not influenced by personal biases or having a bad hair day.
We are still correcting some errors: things like cross-rates, which market should be the focus for bullish or bearish, making sure the decimal places are correct for calculations, etc. Then there are different trading days where some markets close Saturday and open Sunday trading six days a week.
This has been a lifetime project. It is something I wish to leave behind as my contribution to society. If government moved with the cycles, then we can help to reduce the volatility as with Joseph and the Pharaoh. Assuming that the business cycle is too complex to figure out so we should not try is self-defeating and prevents our progress as a society.
We anticipate that millions of people will use the Investor level platform, which will help society for it will provide proof that there is no random walk. The Trader level will not be as widely used since the total world of traders, I would estimate, is at the very most 500,000 people globally. Naturally, you will never get 100% of any group to agree — just look at politics.
If you would like to request an invitation to join the Investor level platform of Socrates, please visit ask-socrates.com. Please note that it may take up to two weeks to receive your access invitation.
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