Berlin World Economic Conference Begins Tomorrow
The 2015 Berlin World Economic Conference will begin tomorrow. Early Check In will be tonight. We will be looking at what makes this all tick and the forecast for when the markets will turn in commodities, phase transitions, debt, war, and the coming new monetary system among other topics. This is our 30th Year for a WEC. We apologize that we are holding only two sessions this year, Europe and USA. These events are first class and major productions with a huge amount of time in preparation.
Gold & the Dollar Surge
If gold closes below the 1043 level at year end, you can bet on new lows next year in 2016. We will most likely see a real surge in the dollar yet with the Euro collapsing. So pay attention also to the year-end closing for the Euro. If that is under 10365, the dollar surge is underway.
The Sept 30th, 2015 Turning Point in the Economic Confidence Model
The Economic Confidence Model may have pinpointed the start of the demise of Western Civilization. On September 28, 2015, Russian President Vladimir Putin and US President Barack Obama had a 90-minute face off at the UN in New York. Putin petitioned Obama for the US to join Russia in against ISIS and leave Assad in power. The Obama administration, would not alter its plan to overthrow Assad, which can only destabilize the region tremendously. Hence, it was on the precise day of the ECM, September 30, 2015, when Putin began bombing anti-Assad “rebels” and ISIS. This event appears to be indeed extremely important moving forward.
Did Japan make a Mistake or Did they Intentionally Cause a Crisis to avoid a 26 Year Depression?
COMMENT: Armstrong-san, in Japan there is a belief that the Japanese government instigated your case because you warned that the Postal Savings fund would require government funds to bail it out because they lost the people’s money trying to support the market. You also said the economy would decline for 26 years. Many viewed that the government tried to silence you to support the economy.
There was some press asking how the FSA could send a letter claiming $10 billion was supposed to be at Republic Bank and then later claiming it was a mistake. That was the view in Japan. It was retaliation for your forecast of a 26 year decline.
HS
REPLY: I am aware of that issue. I agree, here you have the agency in charge of managing the yen claiming it made a decimal point mistake calculating the yen turning $1 billion into $10. This calculation error sounds nuts and then it took them 13 days to figure out it was an error? It made no sense that this was such a mistake that was not corrected until Republic took the money. I do believe that Safra then just stole all the money on August 27th assuming $1 billion was pocket change if $10 billion was missing. He sold his bank to HSBC for $10 billion. That was a time when a $1 billion was a lot of money.
Japan may have caused the bankers to panic. But once Republic stole the money the crime was committed. After the bank went to the press and government in the States claiming $1 billion was missing and they “had no idea where it was”, nobody could then reverse what took place without looking like a total fool. They counted on US prosecutors being really stupid right down to Mary Jo White who is now head of the SEC. It is IMPOSSIBLE for $1 billion to vanish from a bank without a withdrawal slip or wire transfer. Money cannot vanish like that unless you break into a bank and take the cash even if they had that much in cash. The prosecutors NEVER asked, how can $1 billion just vanish?
I do not know if the Japanese government intentionally caused the crisis with a fake mistake or it really was a bureaucratic mistake. But they had sent a letter to the Federal Reserve even claiming $10 billion was missing which really did shake everything up. To then claim – oops, sorry, mistake, really does not sound plausible.
Even at my bail hearing, the judge stated the prosecutor allegations that I had a billion hidden in Europe somewhere. Nobody ever asked how could you make $1 billion simply vanish from a bank and nobody knew how. Then the press just repeated the allegation without asking WHAT?
See: http://www.nbcnews.com/id/23767683#.VlgVdnarTcv
Population Decline in Industrial Countries Requires Immigration?
The United Nations projects that over the next 50 years, the population in the industrialized world (US-Europe-Japan) will DECLINE, not expand. The population is suffering from growing old and the youth are so burdened with taxes they are not getting married (marriages off by 50%) and are not having children. The decline in birth rates and the migration of people from the outer regions into the old core is typical.
The UN is now supporting immigration to keep the pension funds alive. They have stated that immigration now “require[s] comprehensive reassessments of many established policies and programmes, including those relating to international migration.”
The Money Plane – Republic National Bank & Russia
COMMENT: Mr. Armstrong; I do not want to reveal my sources but your ordeal with the government and Republic National Bank was linked to the shady dealings that Safra was involved with in Russia with the blessings of the U.S. government. Here is an article on the link which predates your ordeal by three years. Here is the 1996 New York Magazine on the Money Plane.
Here is the Congressional Record concerning the issue.
Money Plane Congressional Record, Volume 142 Issue 19 (Tuesday, February 13, 1996)
Anonymous
REPLY: Yes I am aware of the planes full of cash going to Russia organized by Safra. Clearly there was some sort of approval from Washington to allow Republic Bank to take the lead in such a venture.
Pi Turning up in other Fields of Science
The arrogance of people who try to claim that Pi has nothing to do with the business cycle is really amazing. They assume that a business cycle means we have no free will. They are ignorant of the fact that collectively we display mob or herd behavior. That does not negate you individual ability to participate with the herd or understand this is just a herd reaction as in financial panics. Of course we have FREE WILL, but the means we have the capacity to wise-up and move counter-trend to the majority. This does not turn everyone into a mindless drone.
Pi is turning up now in various science fields. It os a incredible important discovery that warrants our attention.
Market Talk – November 25, 2015
If not for the Autumn Statement by the Chancellor George Osborne in
the British Parliament today, I think dealers would have called an
early night ahead of the long weekend in the U.S. Asian equities were
really nothing to write home about, closing mixed Nikkei and HS lower
with Shanghai firmer. In Europe, the DAX and CAC were the star
performers closing up 2.15% and +1.5% on the back of positive corporate
announcements (Metro +6%, LafrargeHolcium +4% and Thomas Cook +10%) all
raising dividends and payouts greater than expected. In the UK, the home
builders surged afters Mr. Osborne’s comments bolstered the
construction and builders interests; Barratt’s, Wimpey, and Persimmon
all gained 5%.
FX initially saw weakness for EUR, GBP and JPY but many recovered
towards the close. The euro spent the majority of the day below the
psychological 106 level, but book-squaring into the close reversed a lot
of those trades. We saw the mirror trade in emerging market currencies
as we saw yesterday with the Rouble and Turkish Lira losing around -0.5%
against the USD. The DXY (US Dollar Index) saw small gains closing
+0.3% higher at 99.85.
Jean-Claude Juncker Warns Border Control will Kill Euro
EU President Jean-Claude Juncker has warned of the end of the single currency if EU members resurrect border controls once again. This statement reflects the internal dissent with Germany over the refugee crisis. It certainly seems rather insane that Europe just open its doors in this manner with the inability to truly screen those who enter.
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