Putin – the Most Popular Leader in the World
The most popular world leader among his own people is none other than Russian President Vladimir Putin. Indeed, Putin’s domestic approval ratings have risen to an all-time high of 89% and have never dipped below 85% all year. Obama, on the other hand, has seen his approval rating collapse to below that of George W. Bush, and will most likely finish his term as the worst U.S. President of all time. For now, he is ranked as the worst President since World War II. The worst Speaker of the House in all of American history will undoubtedly go down in history as John Boehner, whose unfavorable rating is 54%.
So why is Putin so popular even with the economy turning down? Because Obama has been outright stupid. Obama has outright tried to screw Russia and to force the Russian people to rise up and overthrow Putin. What normal blame the people of any nation will hurl at their leader is identified by a deliberate act by Obama – not Putin. Obama has been outclassed on every level and is truly perhaps the most incompetent world leader, perhaps in history. His trade deal is SECRET and you can bet it is the product of the highest bidder.
Putin is seen as the savior of Russia, not its destroyer as Obama will be seen in the USA by the 2016 election. This is all part of the cyclical shift as the West commits suicide at the hands of totally incompetent world leaders who are walking the USA and Europe right off the cliff.
Cayman Islands to Begin Reporting Everyone on October 1, 2015
The Cayman Islands’ Department of International Tax Compliance (DITC) has notified Cayman financial institutions of its intention to move forward with implementing the OECD’s Common Reporting Standard (CRS), with the introduction of local regulations by the Economic Confidence Model turning point – October 1, 2015. This of course will end banking in the Cayman Islands and will impact many hedge funds as well.
Like Switzerland, the Cayman Islands has surrendered its sovereignty to the tyranny of global taxation. The West is imploding all for taxation because those in power will NEVER reform; all they will ever do is raise taxes to line their own pockets while destroying the world economy.
The Cayman Islands is among 50 “early adopters” of the CRS that will begin the automatic exchange of tax information starting in 2017. Eleven other countries will start tax information exchange in 2018.
Under the CRS, as of September 2017, tax authorities in over 50 jurisdictions — in addition to the U.S. and U.K. — will be entitled to information on accounts that individuals or entities hold in a Reportable Jurisdiction, under the tax laws of that jurisdiction.
A Reportable Jurisdiction is one that has a multilateral or bilateral Competent Authority Agreement with other jurisdictions to provide information under the CRS and is on the OECD’s list of such jurisdictions.
What Is Going on in the NY Fed? Will They Break Apart Big Banks?
In a speech, the New York Federal Reserve Board President William Dudley addressed the outrageous misconduct that has been going on within the financial industry. Indeed, it has really just been a few bad apples. Nevertheless, Dudley doesn’t pinpoint any one firm rather he states:
“The problems originate from the culture of the firms, and this culture is largely shaped by the firms’ leadership.”
Dudley’s main message was a warning: If nothing changed, regulators would have to conclude that large financial institutions are too big to manage, and “that your firms need to be dramatically downsized and simplified so they can be managed effectively.”
It seems unlikely still that the regulators will act against the banks until the crash comes. Then the political heat will turn up sharply. Will regulators actually be in the position to undertake a big bank breakup? That seems to be likely but only when they are forced to do so by international pressure and domestic political reaction.
There is a serious question as to who is protecting the New York bankers. Obviously, they buy both sides of politics. The SEC and CFTC have been protecting the most notorious Wall Street bankers for years. The whole unwillingness to actually end the corruption does not appear likely before 2017. The interesting aspect is taxes. If the politicians perceive that the banks have been protecting people from paying taxes, then a break-up becomes possible for government will act only out of its self-interest.
Only when the pressure comes and we see interest rates start to rise, then nobody will be able to put Humpty Dumpty back together again. Rising interest rates will cause the budgets to explode and then they will hunt taxes more aggressively. They are putting pressure on all former tax shelters to commit suicide or they will block them from the Swift System, isolating them within the world economy.
So the key will be interest rates. As they rise, the deficits will rise, the need for taxes will spiral higher, and then they will attack the banks.
Britain Headed Back to a Mini Ice Age
We have been warning that the danger is by no means global warming, but global cooling. The energy output of the sun has turned down. Now scientists are warning that what we have reported is crashing rapidly. The collapse in the energy output of the sun is so intense that climate experts are now warning that the amount of light energy released by the sun is dropping to levels “not seen for centuries”.
The collapse in the energy output of the sun functions on about a 300-year cycle or roughly six waves of the ECM 51.6 year frequency creating the 309.6-year wave. The 1400s saw the Black Death and the start of Capitalism as serfdom came to an end and wages reappeared for the first time on any major widespread level since the fall of Rome in 476 AD. Roughly, three 309.6-year waves brings us to the Black Death. The next wave takes us into the 1700s and the fall of Monarchy with the American and French Revolutions.
It was time for the peak in global warming and turning this down sharply once again. The problem is that this seems to correlate with plagues and disease as well. So those looking for global warming, you better move south.
What Questions Will Socrates Answer?
We will be launching first the main analysis to an expanded beta group of about 300 clients. While that is in the final stages of making sure any bugs are squashed, we are also bringing into the final development for an initial launch the ability to pose questions to Socrates. These will be limited at first to market forecasting. We are finishing up correlation access and history access. You can even ask what fundamental took place with highs and lows.
This has been more than 30 years in development. This cannot be duplicated in a few months. The scope of this project has been a lifetime of work. This includes everything from asset allocation to having Socrates build recommended portfolios. There is absolutely nothing similar to such a system.
To project our technology, we will most likely be launching a public corporation in Hong Kong ASAP. We have no choice but to take this road given the aggressive nature of governments we see over the next two years. We must de-individualize what we do and transform everything into a public entity. This appears to be the only way forward. We will most likely launch first, and then open up to clients. We are in the process of making those decisions on how to proceed. We will keep everyone informed.
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