The Numbers are the Numbers
QUESTION: Dear Marty,
You have put your numbers out there for all to see for year end. Can they manipulate the closing due to thin markets, then reverse them to try and make you look bad?
Thank you.
Best,
TD
Best,
TD
ANSWER: Sorry, but it is impossible. I tried myself to elect a number when I was the largest player in a market and could not. In 1998, I sold $1 billion worth of yen against the Yearly Bullish Reversal at 147 on an MIT just before the LTCM collapse. I was awarded Hedge Fund Manager of the year for those trades. The market took it with no problem at my price and then collapsed.
In 1997, I stood up against all of the bankers and won when they were trying to manipulate silver. There are much bigger forces at work than you can imagine. You cannot manipulate a single market against the trend of the whole for you would have to do every market simultaneously, assuming that could even be done.
The numbers are the numbers and nobody can change that. These theories are excuses created by people who have never traded any size. It is like a man trying to write a book on how it feels to go through childbirth. Some things can only be seen or understood with experience — not BS.
The numbers are the numbers and they are either elected or not for a REALreason. It is NEVER one single market in isolation. It is EVERYTHING collectively. Our forecast that gold peaked in 2011 was directly linked to our forecast that the Dow would take off to new highs, which also nobody believed. Barrons reported, perhaps tongue in cheek, on June 25, 2011: “The model pegged June 13-June 14, 2011, as the start of a long-term upward trend in the market, the market obliged by notching its first weekly rise since April 29.”
Yes, there are people who hate me because they use manipulation as an excuse for their incorrect forecasts. They would better serve their readers by actually trying to forecast market movements up or down rather than preaching only one direction which is more akin to what politicians do.
The Dow for Year-End — Will it All Just Go Nuts for 2017?
The Dow Jones Industrials still remains in a bullish posture on a broader perspective. The real critical support will lie at 16500 and the Panic Support is well below the market at 13100. Panic Support is the level, if breached intraday, where a Panic Crash unfolds. That is the real important level for 2016, but it does not appear to be in the cards. Otherwise, a closing for 2015 above 16500 is still moderately bullish, whereas the technical levels will be 17345 and 18879.
We will be issuing the World Share Market Review after the first of the year. This will cover North & South America, Europe, Middle East, and AustralAsia, as well as Asia from India and China up to Japan. We will also discuss the prospect for a continued sideways market for 2016 with the potential for the Phase Transitionunfolding 2017-2020.
Keep in mind that the bail-in becomes a formal European position on January 1, 2016, and 2017 is when G20 begins swapping info on everyone everywhere. Capital will be herded and the smart money will begin to position itself once it realizes that it is time to get off the grid. We have the presidential elections in the USA at year-end, and this too will help keep the markets guessing. Will we see Trump vs. Hillary? Will the Republicans split entirely as they desperately try to force their own pick as the Republican candidate in a dictatorial move as they have done before?
Yet, 2017 will see elections in Europe in France and Germany. Of course, we will also have the British vote to leave the EU. So looking at this agenda of fundamental chaos, it is not that hard to see why the computer is showing it all going nuts starting in 2017. The question we will address is shall 2017 be a REACTION LOWwith the false move before the breakout or a high with the meltdown afterwards?
314 = PEI
Almost
Why Won’t the Press Reveal What Hillary Has Done to Students & Families?
QUESTION: Mr. Armstrong, we saved for years to pay for our children to have an education. But tuition has exploded in price making the average student now dependent on student loans. Why do politicians have no heart? They seem to be just pure greedy evil people. Thank you for reporting it was Hillary who ruined our future and that of our children.
ANSWER: I fully understand what you mean. I use to try to help on Capitol Hill, but honestly, I gave up. It is just way too corrupt. I am convinced that we have lost everything due to career politicians, whom should be against the law. There is nobody on our side. The audacity of Hillary Clinton to claim she stands for the lower class when she did more than anyone in history for the bankers. There is atuition study showing that the average cost for education rose in proportion to student loans, thanks to Hillary who has no remorse.
I believe Hillary is going to be remembered by history with the same notoriety of the wife of Aristobulus, Salome, who asked Herod Antipas for the head of John the Baptist in return for her risqué dance for the king. In this case, the bankers asked for the head of students on a plate and Hillary delivered. The mere fact that no mainstream media will highlight the Clintons’ role in cutting the chains that bound the bankers demonstrates how corrupt the press is as well. They demonize Trump and Carson, but never Hillary who walks on water.
Australia Cannibalizing its own Economy
The Australian Tax Office (ATO) has applied for access to everything to hunt for money. They want access to phone calls, emails, posts, and SMS text messages. We have verified this with several sources. Like Rome, Australia is cannibalizing its own economy. They will succeed in destroying Western civilization and when the G20 tracks every penny in 2017, the 2017-2020 period will look like a cliff on a global scale.
The ATO asked for these powers back in 2012. Guess what? They are getting them. They have already begun using children to hunt their parents. This is precisely how they force people to to hoard their savings and withdraw it from banks, which become highly dangerous whenever government needs money. They have created wars to enable taxation. For you see, historically the king had NO RIGHT to impose taxes. He had to summon Parliament and ask for their“consent” to tax the people and the only justification was war to DEFEND the country, not to invade another, hence 100 year war. Even in the USA, income taxes are technically “voluntary” and Congress must introduce legislation to raise taxes by pretending to be the people requesting to be taxed. They cannot imprison you for NOT PAYING your taxes, the crime is failure to “file” as it is your criminal obligation to tell them you owe taxes. They cannot imprison you if you cannot pay what you do not have.
A reader forwarded this except from a professional accounting newsletter in Australia. As the reader points out, Australia is copying USA’s every move. At least our politicians are openly saying they are hunting taxes instead of pretending the phone tapping is to prevent terrorism!
Phone Tapping Powers for ATO
A parliamentary committee has recommended that the Australian Taxation Office should be able to intercept stored phone calls, emails and SMSs as part of its efforts to crack down on serious criminal behaviour and tax fraud.
The report into financial related crime which was released in September this year recommends the ATO be listed as a criminal law enforcement agency under metadata retention laws passed in 2014 and would grant the ATO powers similar to those utilised as part of the Project Wickenby investigation, the largest tax-evasion investigation undertaken in this country. The report also looked at the threat of technology-based financial crime such as money transfers and thefts and recommended ASIC improve their response time to limit internet scams.
In the meantime, the ATO plans to target up to 90,000 small businesses that are deemed to be failing to comply with their tax obligations. This follows the Tax Office’s launch of a social media campaign earlier this year which called for consumers and business owners to ‘dob in’ businesses suspected of evading tax bills.
The Insanity of the Housing Market
QUESTION:
Marty,
What is the answer to affordable home ownership?
Here in Australia the tax incentive called negative gearing introduced during Paul Keating’s reign – to make rents cheaper has not really made rents cheaper and has caused residential property to be out of reach for young people.
It is a divisive issue as ‘investment’ buyers get a tax break and so outbid a family who wish to live in the home. Property in Melbourne, Sydney is now at insane levels……the prices of homes is an obsession…..
The USA seems to be more family friendly when I see what good prices older homes can be bought for. It seems to be an endless argument – is residential property an investment or a place to survive and wash, sleep and eat. The CBD of Melbourne has only just exposed all the empty high rise apartments that sit there owned by foreigners….
Shouldn’t home ownership be encouraged…
It would be great if they were the last thing on the minds of Australian’s instead of what we have now.
D
ANSWER: Politicians consistently screw up everything. Bill Clinton cut all the chains off the bankers and then signed off on what led to the housing bubble burst in 2007.
WHAT is causing the problems? All of this insanity is created by DEBT & TAXES. Governments have grown way too big and consume way too much as a proportion of GDP. They keep trying to pretend they are helping, but can never get anything right because they get in the way. Raise taxes on the “rich” and they will direct money to the least taxed area. As government debt grows, it competes for money from the private sector. This raises the cost of capital for small business and then decisions are made, NOT because of the best return, but (1) to get the best return AFTER taxes, and (2) to park money in assets off the grid.
If we eliminate income taxes and public debt, capital will gravitate to the best return and that means greater economic expansion and more jobs for the youth. Under the present system, capital is being herded into areas like real estate, which is the LEAST productive center for money as it provides an economic return from business rather than capital appreciation from inflation, which is really a hedge against the cost of government.
Property should be a sanctuary for people. Property should not be TAXED at all, for you should be able to retire and stay in the home you had for your whole life. People are forced to sell their homes because taxes are driving them out. More people in the USA flee the northern states and head to Florida or the south because taxes are generally 50% of those in the north. Capital migrates to real estate to PARK for the same reasons.
This type of political manipulation of the tax code is very detrimental to the broader economic trend that impacts everyone regardless of class status. We NEVER look at the system as a whole. It is always playing with one ball on the pool table with no concept that there are other balls that may be influenced by hitting just one.
We are all connected. Capital would not rush into housing (outside of apartments for rental income and office buildings) if there was no income tax. The capital would actually “invest” for the first time because it made economic sense and created jobs. Additionally, governments also deprive the middle and lower classes of their right to invest by creating mandatory pension contributions and then stuffing them with government debt, whereby the “rich” make money from investment — not wages.
When I tried to help take the U.S. Social Security and turn it into a wealth fund that was invested, the Dow was 1,000. All that money taken from people for their entire lives is stuffed in government bonds and the whole fund goes negative in 2017. We just cannot afford career politicians any longer.
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