World Economic Conference
This Year’s Conference will review all important countries and their markets. We will look at the globe and in so doing, we will be in a position to see how capital is moving and what they future will bring. By reviewing the world, we get to see the global trend and therein lies the way to approach the future. Not everyone will trade every market. That is not the point. What emerges is the trend and for you to survive, you must have the confidence that you understand the trend and can see it moving before your eyes. You cannot invest in one market confidently without understanding the trend.
The number one reason people lose money and forecasts are wrong, has been whenever they are made in isolation. The entire argument by the gold promoters has been that the big forces are manipulating gold and THAT IS WHY THEY have been wrong. They only try to forecast gold and silver alone and cannot see that the entire commodity sector was declining and that deflation was engulfing everything. They have been dead wrong because they do not understand how the world economy even functions. There is a time to BUY and a time to SELL in all markets. Only a fool stands there and expects only higher prices without end.
To survive the future, you MUST understand the trend. Our World Economic Conferences are mini financial UN type meetings. You get to meet people from around the world and you can see as well as feel how the world economy is moving there among the attendees. These events are inspiring for knowledge comes from exposure. This is not some promotional event where you will be asked to invest in one thing or another, This is about seeing, feeling, and attaining the ability to understand the global economy. We are all connected and as we see the world unfold before our eyes, you will then understnd how to survive.
We will answer the most pressing question of all:
We do we put our money for the next two years
This conference will address the global
strategy, not just the buy and sell for short-term traders. This is the
real market and how are we going to deal with this event that comes
around only every 300 years or so.
We will be providing papers in advance
after October 1st to enable you to prepare for this event. We will have
an early introductory session for new attendees and there will be
numerous people there who have been attending these sessions since 1985.
Everyone chips in and this become a total learning experience with
everyone contributing.
Tonight’s Live Broadcast to 28 Countries
The broadcast begins in about 30 minutes.
Stock Markets Crashing Into the 2015.75
The fact that the stock markets are crashing into the 2015.75 turning point, rather than making a major high, indicates what we should expect to unfold in the future. In 1987, the low was on the day of the ECM, as was the case in 1994, whereas 1998.55 was the high in the Dow that day. So a low suggests higher highs, whereas a high at this point in time will mean a profound longer-term correction.
So far, so good. We may shake the tree and send money running into the waiting arms of government — so look out for the aftermath.
The Peak in Government? A Low in Interest Rates?
We have warned that capital is in a flight to quality, therefore creating the
bubble in government paper. We also warned that the bond market on the
long-term peaked in April/May and that we should expect a further rally
in the short-end. This significant move has unfolded right before our
eyes. The fact that the bonds have peaked in advance, yet we have the
short-end rising into this period, reflects the stark reality that
capital does not trust government long-term.
The
Fed has been warning that they must raise rates to reestablish
“normalcy” to the yield curve. No one in their right mind should be
buying long-term paper at these rates. The capital has been heading into an even shorter investment cycle, and this presents a highly dangerous potential on the horizon.
What is the concern? With capital consolidating into short maturities, this means that any change
in rates will have a far more immediate impact upon the sovereign debts
of all nations. The typical dollar bears say, “Oh, well China sold a
huge amount of bonds!” and they twist this into somehow being bearish
for the dollar. China is following the trend: sell long-term and move
short-term.
We
can see that volatility beginning to rise from October moving forward.
We are looking at a panic cycle that appears in the U.S. Fed funds by
February, followed by another next August.
This is confirming the change in trend that we
see with 2015.75. It is not a monumental crash in stocks, nor is it the
end of the world with the blood moon. This is the peak in government.
As time begins to move forward, you will look back at this turning point
as rather significant. It may be more than an announcement that there
is water on Mars. We have had so many things happen this week, right
down to a meeting between Obama and Putin at the United Nations.
So grab a drink. You might need one as we start to move forward away from the change in trend — 2015.75.
Democracy Is More Than A Right to Vote
The
first thing government and the majority of academics try to hide is the
business cycle for they argue only their policies will eliminate
something that is part of nature. We must understand that the origin of
all business cycles is humanity. I named one report which has become
pretty famous “It’s Just Time” in honor of my
friend Margaret Thatcher. When we were talking about politics, she said
John Major would lose long before we knew for sure even whom his
opponent would be. When I asked her why, Margaret, who instinctively understood cycles, said, “It’s just time.”
Margaret
and I became friends. I visited her office in London frequently and she
even invited me to her home for her annual Christmas party. She
instinctively knew that public attitudes change, and
with them, the political winds from among the people. She addressed our
conference and stated publicly that politics looks at things in terms
of trends, but perhaps they should look at the world in terms of cycles.
00:00
00:00
Somehow,
someway, robbing other people has become the justified political
agenda. There can be no equal justice or freedom of thought, religion,
or anything as long as we discriminate against others for race, creed,
sexual orientation, beliefs, or possessions. One of the Ten Commandments
even states that you should not covet thy neighbor’s possessions and
clearly condemns this agenda. Yet, forcibly taking what others earn is
seen as fair. This is very strange; when an individual does that on
their own, it becomes a crime. We let politicians discriminate and rob others of what they have, and somehow it is a badge of honor.
The
democratic rise in Athens during the ancient world was rather distinct
and far more important than people assume by just looking at the
surface. Their so-called gods
were not the same vision we have today as a single God who created the
world. Their gods were not creators, but perhaps closer to superheroes or
evil manipulators; extensions of human nature. These ancient Gods were
depicted in human form, opposed to some wild looking creature. This
reflects a concept that began in Greece: the idea that the individual
mattered. Prior to Athens, governments were autocratic political
systems who held the belief that humankind required a stiff hand to rule
them or chaos would emerge. So the concept of democracy was truly
revolutionary that the individual could provide for self-rule and that such freedom would not lead to chaos.
Socialism
has devolved back into this assumption of the autocratic rule; that the
individual is incapable of caring for their self and requires a strong
autocratic ruler. We are heading into a political storm; this
degradation of the individual has once again resurfaced as it always
does.
While
the resurrection of authoritative government whereby the real
underlying principle is that we are incapable of self-rule, also emerged
during the period of the Age of Enlightenment. This hybrid theory
became a way to blend authoritative rule with somehow individual rights.
This became known as the social contract. In moral and political
philosophy, this concept of a social contract (political contract)
addressed attempted to established the origin of society with social
rights merged with the legitimacy of the authority of the state over the
individual.
Leviathan
was a book written by Thomas Hobbes (1588–1679) and originally
published in 1651 during the English Civil War (1642–1651). The
Leviathan argues for a social contract expressing that the people need
the king with an absolute sovereign rule. Hobbes explained that civil
war could only be avoided by strong undivided government. Of course,
this same theory has been behind the idea of a one world government that
was used to force upon the European people Brussels, which once again
is proving to be the destruction of any democratic process since not one
member of the Trioka stands for any election whatsoever. The Social
Contract (Du contrat social ou Principes du droit politique) is also the
short title of a 1762 book by Jean-Jacques Rousseau on this topic.
The
problem with the social contract concept has been that it is never
capable of restraining the desire for more and more power. Hence, the
very idea of socialism become corrupted and unattainable. There appears
to be no possible way society’s rights can be maintained with any
position of an authoritative rule.
A
true concept of democracy is when people are competent of self-rule.
Humankind is not helpless and does not need to devolve into chaos that
requires a dictatorial style government for their own good. True
democracy is without career politicians and is based on human
cooperation. A Republic, which contains career politicians, always
devolves into an oligarchy and ultimately dictatorial authoritarian rule
while pretending to support the moral philosophy of the social
contract. The former emerges from the cooperation of humankind
(Invisible Hand) while the latter is based upon punishment. The first
inspires freedom while the second suppresses human nature.
It appears that
only a Direct Democracy will stand any chance of breaking this cycle
between society and authoritative rule. What self-corrupts is always a
Republic where we elected pretend representatives. They only become
career politicians. In the USA, we recognized the danger with FDR and
then made it that no one could be president for more than two terms. The
same should have applied to Congress.
We need annual
citizen panels to oversee the bureaucrats and that nothing can be
enacted without first testing to see if it is constitutional. We should
adopt Ben Franklin’s proposal for judges, that they ONLY be nominated by
the legal profession and never by politicians. The terms should never
be for life and the minimum age should be 50 with the maximum 65 so that
they have life experience. No single judge should ever rule in any
case, but there should be rotating panels of three judges with one being
appointed for just one case and return to private practice. Anyone with
any connection to the case MUST recuse himself or suffer life
imprisonment.
The citizen
panels must be with people who are qualified in each field. In finance,
only someone with experience would sit on a panel for one year and never
again serve. This would be akin to serving in the army for your
country.
No legislation
should ever be allowed to be merged. Each must be voted upon by the
people directly and each must stand alone. The entire Social Security
Act was 16 pages. Obamacare stood 7 feet tall 33000 pages
and we still do not know everything lurking in there. This is the
essence of corruption. Nobody can argue this was good legislation unless
they read the entire thing, which nobody has.
So what political
system might work at least for a while until its crumbles into
corruption? It appears the last thing we can try is Direct Democracy and
trust the people for once. It’s an old idea that may need to be
reexamined.
No comments:
Post a Comment