Year-End Special Report
We will be sending out over the next two
days ahead of the Berlin Conference the Special Year-end Report covering
Currencies, Metals, Energy, Wheat, and major Share Markets with the
Year-end Reversals to watch as we head into 2016.
(Note: This is ONLY available for those attending the World Economic Conference)
Currencies included:
A$, C$. British, Japan, China, India, Sweden, Euro, and the Swiss/Dollar as well as Euro/Swiss.
We are Watching the Demise of Politics As We Have Known It
The Republican Party tried its best to
destroy Donald Trump. Like the French Royalty, they learned nothing and
have merely tried to retain power by blocking out the rising storm of
the people they consider the Great Unwashed. The Democrats are no
better. They have the audacity to push Hillary in our face and ignore
that the Clintons cut the chains that bound the bankers and then served
them students on a golden platter while denying their right to declare
bankruptcy on bankers.
Party politics is dying because they have sold their soul to the investment bankers and K Street. They attack anyone who dares to hold them to their promises and they wage outright against any organization who dares to object like the Tea Party, Heritage Action for America, Club For Growth, the Madison Project, etc. They have outright blackballed any press or political consultant who works for outsiders and does not preach the party’s mantra.
We are witnessing the end of party politics, and yet they do not understand that they are in the final death throe stage. They assume the people will get over this period and fail to comprehend that a new generation is coming into voting power whom has been severely deprived of their rights, liberties, and pursuit of happiness, thanks to politicians’ incessant greed of selling themselves to the highest bidder at the expense of the people.
They use every excuse to grab more and more power. President Hollande of
France now wants to amend the Constitution declaring — “France is at
war.” Do you permanently change a Constitution for a temporary issue?
Hollande announced a review of the Constitution and a legislative and
security arsenal to strengthen the fight against the Islamic state and
their continued air strikes in Syria. Hollande called on Monday to amend
the Constitution to fight potential terrorists at home and for an
aggressive effort to “eradicate” the Islamic State abroad. Nearly 300
searches were conducted since Sunday that are not related to the
investigation into Friday’s attacks, but concern the radical Islamist
movement. However, these measures are designed to also boost his
popularity, given that he would have lost had he stood for election
before the attacks on Pen.What Happened to the Debt Ceiling Crisis?
Thank’s your down to earth’ blog updates which even ‘not economist’ will understand. My question is from US dept ceiling limits. Before this month,November, in the news was quite a lot of from this issue but after ‘D-day’ 03.11 or 05.11. Nothing happened… Or I can’t find anything from the search engine aka corporate media or the alternative news. May I ask you what’s going on? What was the result for the Us dept limit? It makes me wondering why not even alternative news sites asking the same question?
Thanks Martin in advantage for your help.
Kind regards,
MH
ANSWER: That one does seemed to be buried deep. Effectively, Paul Ryan took the oath of office on October 29th after John Boehner said he would resign from Congress on September 25th as perhaps the most disliked speaker in many decades. The very next day, October 30th, Obama was handed with congressional passage of legislation a new debt ceiling that lifted the threat of a default on government debt. This pushed off that risk until after he is gone – 2017. This essentially relaxed the strict spending caps through September 2017.
The Senate voted 64-35 to approve the measure, and this was Boehner’s parting act. It was Boehner who negotiated the deal over the past few weeks which was timed with Ryan taking office. Boehner was always the compromise king. The White House and congressional leaders carved out a deal. Obama said he would sign the bill into law as soon as he received it.
The two-year budget provision provides now imposes new top-line spending levels for Congress covering the fiscal year that began October 1st, 2015 and the one starting October 1st, 2016. This relaxes the budget caps which allows for an additional $80 billion in spending on military and domestic programs over the two years. That won the Republicans.
The system is broken. These spending ceilings no longer function since they are routinely increased each and every time. So where is the restraint on spending? Clearly, politicians could not manage anything for they never reform, remain within a budget, and when they cannot do their job, they raise taxes and increase the spending limits. Nobody could run a business or your household budget in such a manner.
The World Economy – A Balancing Act Soon to Collapse?
COMMENT: Dear Martin,
From reading your blog and other news I can conclude that the low interest rate has failed to increase the private business activities to the level that normally would require an increase in interest rates. The arguments now are to increase interest rates to save pensions funds and to be able to reduce interest rates if we get another financial crises.
To me it look like the system is totally out of balance and have not worked like the normal capitalistic system since 2006.
Regards
Fk
Yet
we are the fools who elect people with no experience and expect
actually a good job. Look at Hillary. Many will vote for her just
because she is a woman – nothing else just as some voted for Obama
because he was black. Or a Bush because he had the “name”. We truly
deserve what we get when we elect incompetent people that change our
future who are corrupt, unethical, and unprincipled. We are too stupid
to realize we compel history to repeat and we dig our own graves. We
most certainly get what we deserve.Is Turkey Trying to Distract the World From its Debt Crisis Shooting Down a Russian Plane?
Even if it were true that the Russian jet strayed into Turkish airspace, at best there should have been a scramble of jets to “protect” its airspace without provoking war. This has been standard operational procedures between USA and Russia for years. It is not some coincidence that a Turkish film crew captured the incident. They were most likely tipped off to be at the right place at the right time.
This entire incident raises serious questions if the economic conditions in Turkey, being on the brink of a economic meltdown, did not deliberately try to provoke war to distract the world from its debt crisis. Turkey is being watched for many see it as the FIRST domino to fall in the Emerging Market Debt Crisis. This raises many, many serious questions about the motive behind this entire incident.
What is truly astonishing is that in a letter to the U.N. Security Council, Turkey openly stated that it had shot down the jet while in Turkish air space. It then even admits it also shot a second plane on a rescue mission – the helicopter as if that was some major threat. These actions make it appear that Turkey is praying for war because its government could collapse with its debt.
Putin rightfully said “We will never tolerate such crimes like the one committed today.” What Turkey did was unimaginable and the entire incident appears to create a diversion from its pending economic meltdown. There have been major demonstrations against government corruption in Turkey for the past few years.
NATO has called for Turkey and Russia to show restraint, the alliance’s Secretary-General Jens Stoltenberg said, “we stand in solidarity with Turkey and support the territorial integrity of our NATO ally”. This is reminiscent of precisely how World War I began because of treaties. Then Obama also said similar confrontations could be avoided if Russia stopped attacking “moderate” Syrian rebels who are battling forces loyal to the government of President Bashar al-Assad.
Obama is way out of line here for the US is totally responsible for ISIS since they funded these people to try to overthrow Assad in Syria. All of this for a pipeline to compete with Russia to get gas from Saudi Arabia to Europe. World leaders are full of shit and pretend this is about a dictator when in fact the overthrow of Syria was precisely what ISIS wanted. This mess lies squarely in the hands of the Obama Administration and then to have the audacity to pretend Turkey had a right to defend its airspace when not being attacked is just too much. These people NEED war to distract everyone from the Sovereign Debt Crisis that is causing the collapse of governments for a system of borrowing year after year with ABSOLUTELY no intention of ever paying any debt off.
The Japanese attacked Pearl Harbor. That was a viable attack. One plane flying close to the border and claiming it was 1km in your airspace giving you the right to shoot down a Russian plane is pure insanity. The fact that a film crew was there makes this seem to have been a deliberate act to cover up the economic meltdown of Turkey.
Market Talk – November 24th, 2015
Energy was the other main benefactor of the midday news with WTI and Brent both closing up almost 3% on the day. Gold, Silver and Copper all gained on todays news recording gains of between 0.8% and 1.8%.
The Bond markets also gained on the uncertainty with US Treasuries, Bunds and peripheries all closing strong. Interestingly, the curves for all markets were well behaved with even the front-end being pulled along. The 30yr US closed on the 3% level again with 2’s, 5’s and 10’s all gaining 2BP. The longer term trend continues to show the flattening theme for the US curve.
Mr Carney (BoE Governor) said today that he did not know when British interest rates should start to rise and Andy Haldane (BoE Chief Economist) sounded even more extreme when he said he sees more downside risks for growth. GBP Sterling/Cable lost 0.4% today and was last seen at 1.5070
No comments:
Post a Comment