Future Web Conferences
COMMENT: Martin Armstrong. Hi – I was a die-hard goldbug. You changed me for ever Martin. Thank you. I think you will be remembered as one of the greatest economists of all times.
I am from Argentina and I always read your work.
I am just a white collar bank analyst from Argentina who thought that QE was going to send gold and silver to the moon. I ate all the classic lines made by gold promoters.
I am just a white collar bank analyst from Argentina who thought that QE was going to send gold and silver to the moon. I ate all the classic lines made by gold promoters.
You changed my vision for ever.
Since I live in Buenos Aires, I can´t go to the USA . Your teachings are not affordable for third world countries employees who are seeking your financial enlightenment.
What learning solutions do you offer for “third world people” who cannot afford to get a sit with central bankers and stock analyst in the US?
Thanks in advance.
ANSWER: I fully appreciate the issue. There has to be a balance. If the conferences were just a few hundred dollars, they would lose the personal touch of a classroom. About 150 is absolutely the max. But the food costs a few hundred per person alone.
We tried the live feed for the Cycle of War conference. That seemed to go well. No complaints. So once the computer is up, I will turn to live feeds for short sessions. I am trying. We are even doing the access on a per click basis so you can zoom in on whatever you want without huge fees upfront.
Socrates Update
We are working on the interface this week for the new system. We will inform you when it is ready for prime time. We will also be putting up maps of the world so you can see capital flows globally. We will keep you updated. We are looking to improve functionality and redesigning the look and feel.
Sample only – Not Actual
We are working very hard to get this up and running. Keep in mind we are migrating this to the web so that you will be able to ask Socrates questions and Socrates will respond back all over the web. This has really never been done before. We are making a major leap here is so many fields of technology. This will set the standard for the future – trust me.
Those asking if we need funding – no. Thank you. I have always been self-funded thank God. Otherwise, selling new ideas is never easy. Columbus had to go to Spain because they did not believe him in Genoa. Trying to convince people to put up money for something like this that is way over the top would be a difficult sale because they would naturally think it is BS. This is not something that can be put up for just a few million. This is serious stuff.
This is the system that opened my eyes and TAUGHT me how the world really works. Knowledge does not just appear out of nowhere – you have to develop it. By creating a computer that was really Artificial Intelligence that functioned humanly as a researcher instead of following a predefined script of rules, what emerged was a look into the how the world honestly ticks. Naturally, there will be people with opinions that will disagree. That is fine. We need people on the opposite side to trade against. That is what makes the world tick so do not worry that everyone would every follow one system – that is as impossible as creating a one-world government with harmony.
India – The Exception?
QUESTION: Dear Martin,
I have been truly puzzled to start with and now getting fascinated by your blog and discovery of ECM as I have started understanding this order to the seemingly randomness present in Nature.
May God bestow upon you great health with which you can enlighten the entire world with this discovery for many more decades!!
In one of your blog you have quoted that – ‘There can be no political union, only an economic one.’ Is India an exception to this rule where about 780 languages are spoken currently and there are more than 2000 dialects? There were 565 princely states in India at the time of Indian Independence. But for a long time in history the land of Bharat was ruled by single rulers. Of course Bharat then was covering lot of south east asia but not just present India.
Please help your followers to view this information in the light of your discovery.
Regards,
VV
ANSWER: I am very familiar with India. You might want to know that India became the largest economy following the fall of the Byzantine Empire. It yielded to China, but it is currently moving to rise again. Christopher Columbus called the natives in America “Indians” because that is where he was trying to get to. The maps he used from ancient Byzantium miscalculated the diameter of the Earth. Columbus though it was smaller and hence he assumed he found a new route to India – not a new landmass. It was Amerigo Vespucci (1454 –1512) who figured out Columbus’ error and then the new continent was named after him – America, not Columbus. So India has played an important role in history.
The language is exceptionally varied in India. I can handle a few dialects in China from Mandarin, Cantonese, and Fuijanese. It was interesting having my headquarter in Hong Kong. I watched the pending takeover produce a wave of people rushing to learn Mandarin in Hong Kong where they spoke Cantonese. However, India is beyond me in that regard with respect to language, although I am familiar with the food from the various regions.
While the languages are varied, the culture is not. The primary division has been religion so that narrows the diversity to a large extent. In Europe, the language identifies completely different cultures. You do not see Germans marrying Greeks of Italians marrying Irish. Of course there are always some exceptions, but those nationalities that came to America produced a melting pot when they all were forced to speak English. Italian-Irish combinations are very common on the East Cost in New England.
Air Traffic internationally is conducted in English. You cannot fly a plane internationally for an airline unless you can speak English fluently. That allows for communication and cooperation. India would emerge as the strongest economy if it adopted a single language. Often over-looked with respect to India is language. India has become a back-office for a lot of companies because the people have a tendency to move toward English. That allows India to function internationally. So that helps make it an exception. If there was no unifying language like that, India would not advance.
However, the cultural differences emerge when the economy turns down. That is the risk to India in an economic decline.
US Share Market & Corporate Buybacks
QUESTION: You have taught us to pay attention to global capital flows to help us assess market directions and movements… Does it matter from where the capital is flowing? I refer to this short article on US companies and stock buy-backs which seem to be contributing to the upward trend in US equities:
Thanks!
Yours in health,
Yours in health,
SLD
ANSWER: I find it curious how people are portraying the Corporate buybacks as somehow not real and this is the only reason they have been wrong and missed the entire rally. People always have to find an excuse of someone to blame when they are wrong. I keep saying is not a game for personal opinion. Ya – corporate buybacks were at $160 billion for the 1st quarter. I reported on this trend. Big deal. It is part of the cycle.
Corporate buybacks will set the stage for exactly the same crisis that hit in 1929.Corporate cash is at record highs. Taxes are rising. It makes sense for them to reduce their cash positions buying back stock. This is always what helped to create the bubble in 1929 and then made the crash worse. As the stocks fell, companies then bought stock back to try to support their share prices. That was a disaster for then when the cash dried up, their could not get funding and collapsed.
I reported on this trend. The VAST majority of articles still are bearish all expecting the big crash and cannot wait to say I told you so. I have been in this game a long time. NEVERhas the majority been right – EVER. It is the majority that fuels the market. Claiming hedge funds are short so that proves they are right is just nonsense.
The corporate buybacks are on time and will ensure there is a shortage os shares and that will send the price up even higher when the MAJORITY realize they are wrong and rush in to buy creating the Phase Transition high.
Buying will come from overseas trying to get out of the European banks. Look at the Euro. We have elected two Weekly Bearish already – the first since 2012. A weekly closingBELOW 13475 on the cash will signal the euro may at last break. The oscillators are starting to turn. A break in the Euro could send the US share market up into the Week of 06/16. Pay attention. A real bull market takes place ONLY when the market in questionRISES in terms of ALL currencies.
