Friday, October 31, 2014

Putin To Western Elites: Play-Time Is Over

http://www.zerohedge.com/news/2014-10-30/putin-western-elites-play-time-over

Most people in the English-speaking parts of the world missed Putin's speech at the Valdai conference in Sochi a few days ago. Western media did their best to ignore it or to twist its meaning. Regardless of what you think or don't think of Putin, this is probably the most important political speech since Churchill's “Iron Curtain” speech of March 5, 1946. In this speech, Putin abruptly changed the rules of the game. To sum it all up: play-time is over. Children, put away your toys. Now is the time for the adults to make decisions. Russia is ready for this; is the world?

Thursday, October 30, 2014

MARTIN ARMSTRONG'S LATEST BLOG POSTS

Crowd Walks out on Obama

Obama-Campaign2014
Obama is going down as perhaps the worst President in history. One would think he would be concerned about his personal reputation. Nobody wants him campaigning for them – they call Bill Clinton before Obama. In a rare appearance on the campaign trail on Sunday with a rally to support the Democratic candidate for governor in Maryland, the crowd began to break up and many just walked out while he spoke. Obama’s unpopularity is just amazing. His approval ratings are hovering around record lows and when the economy turns down after 2015.75, there will be a year left for him to play more golf and not much else.
ObamaCare-CadillacTax
Most candidates from his party have been dodging him. The Democrats are likely to lose the Senate and they feel that he is the leading cause. Just wait for the worst of the Obamacare to hit when people are taxed on benefits and the IRS starts seizing people’s houses and property just for fun. Of course he delayed that part until 2016 when he get to go out-of-town.

Wednesday, October 29, 2014

MARTIN ARMSTRONG'S LATEST BLOG POSTS

Dow Jones for 10-29-2014

DJIND-D 10-29-2014

We really need to see a closing in the Dow above 17010 to imply we will see perhaps further upside. However, we have technical resistance at the 17200 area  and we need a closing ABOVE 17160 to hint at further higher highs.
We still see next week are critical so hold on to your hat, we may be in for a rise in volatility if we see a high form on Thursday. A closing today below 17032 will keep the market a bit contained whereas a closing BELOW 16932 will see it back off first then retest the resistance for Thursday.

Best Form of Government – Will Anything Ever Work?

QUESTION: 
Hi Martin,
I understand you negative opinion on Socialism & Communism, but I’m confused by you opinion on a Republic. On paper a Republic looks like an ideal form of freedom, where-as a democracy dictates majority rules and 50.01% can do a lot of damage to the remaining citizens.
I understand that through history Republics have failed just like every other form of government, but are you suggesting that a democracy will not succumb to human failings and turn on it’s people like this Republic of the United States has?
Best regards,
-M
Julian-II
ANSWER: There is no single form of government that will ever be perfect. Whatever its form, government will self-corrupt and both sides will fight between the people and government perhaps eternally. The best form of government for brief periods of time are benevolent dictators, monarchs, or emperors, such as Julian II, who even decreed that whatever laws he passed must also apply to himself. Such individuals are rare indeed and once they are gone, the system will revert back to its corrupt state.
Another system that actually worked very well was Genoa. There the “Doge” (head of state) was selected each year from the head of a prominent family. The rich families ruled on a rotating basis annually. What made it work well was the short-term period. No family would ever pass something Draconian because it would apply to themselves the next year. The system was not one of rich v poor, but Genoa v Venice and Florence. The interests were furthered collectively rather than this philosophy of party politics. Therefore, each class benefited. It also lasted longer without corruption than Florence or Venice.
The best we can hope for is a hybrid between Democracy and a Republic that is restrained by a Positive Constitution rather than aNegative one as we have in the United States. In other words, if we have an everyday bureaucracy to run things that is subject to review by the people who rotate annually, there is some hope that it might last longer before it collapses. Much of the bureaucracy should be privatized where management will be proper and employee pensions will actually have to be there. When government is in charge, those in power just exempt themselves from the laws that apply to others – the first step in the corruption process.
With technology, each and every measure must be voted on by the people. There should be no Clean Water Act that has hidden some study on traffic flow in a city nobody ever heard of to line the pockets of someone’s family member. Voting can be done via your laptop and if each and every bill must be presented individually, that will stop the nonsense.
Judges CANNOT be appointed by anyone in government. They must be as Ben Franklin argued, nominated by the guild of lawyers. That way the best will rise to the top – not the most corrupt. Prosecution must also be independent and the people MUSTactually indict meaning that they hear both sides in a grand jury. Plea bargaining must end and CONSPIRACY must end. Only those who are involved in a crime may be charged – no one else. No one charged with a crime may testify against another. Self-interest in prosecution must end.
While legal scholars tend to look at Article III of the US Constitution as based upon the English legal system modeled on Blackstone’s famous Commentaries on the Laws of England, Franklin argued for the Scottish System that was far superior. Indeed, the Scottish judicial system provided an important, but overlooked, model for the framing of Article III. Unlike the English system of overlapping original jurisdiction, the Scottish judiciary featured a hierarchical, appellate-style judiciary, with one supreme court sitting at the top and an array of inferior courts of original jurisdiction down below. What’s more, the Scottish judiciary operated within a constitutional framework — the so-called Acts of Union that combined England and Scotland into Great Britain in 1707 retained the independent legal structure of Scotland and prohibited the English courts from interfering with those of Scotland. The influence of the Scottish judiciary on the language and structure of the US Article III legal framework is clear where there is a Supreme Court with multiple inferior courts that are subordinate to, and subject to the supervisory oversight of, the sole supreme court. The Scottish model thus provides important historical support for the supremacy of the Supreme Court, however, the blending of this with the English system rendered the inferiority in Article III to operate as textual and structural limits on Congress’s jurisdiction-stripping authority from the courts. But the most dangerous flaw appears to be intentional – Congress appoints judges not lawyers. This allowed the English legal system to be politically manipulated whereas the Scottish System was really independent. This MUST be corrected to restore the rule of law.
Career politicians get bored and pass laws just to have something to do like in Utah you cannot drink before ordering dinner or in Europe regulating cow farting. This is why a representative form of government with career representatives is doomed to always fail. They can be bribed to enact particular laws to benefit some party. The only check and balance would be to rotate, as in Genoa, and to allow the people to vote online.
A raw unrestrained Democracy would devolve into mob rule. That we cannot tolerate either. There should be something that rotates as a Constitutional court as in France where each law passed MUST firs be ruled on as being Constitutional by a body of lawyers that rotates and MUST be trained in constitutional law which is significantly different from following statutory law. The former is structural design while the latter is following the letter of the law. This is a PositiveConstitution that restrains government and is a real Bill of Rights. We have the negative form where government gets to do whatever it likes and we must prove we have any rights – very bad.
Debtor Prison
Prison should be outlawed for non-violent crimes. The ONLY reason a government has the right to restrain the liberty of an individual is to protect others from bodily harm – that is it. Every law passed by Congress states – “fine or imprisonment or both”. That must stop.Debtor’s Prison must end. The USA imprisons more people than the rest of the civilized world combined. Why are we so prison happy when only about 4% of the people in prison are there for a violent crime? A woman with children was taken to jail for not wearing a seat belt and the Supreme Court, being pro-government appointed by politicians, voted 5-4 that the police can imprison you for anything even if the crime does not call for jail time. We have a virtual 99% conviction rate because there is no way to win against pro-government judges. Fair trials are a joke. They do not exist in the Federal court system.
Learning from the Past
There seems to be the potential to at least learn from the various political types of governments, how they functioned, how long did they last, and what was the impact upon the people. The advantages of Genoa was that the short terms restrained the Doge compared to Venice where the Doge was for life. Venice froze the estate upon the Doge’s death and only THEN reviewed all his actions to see if anything was gained illegally. Then the state would reclaim the “illegal” gains. That was closing the barn door after the horse ran away.
Formosus
Government is corrupt and rotten to the core – it is honorable only for brief shinning moments when the dark clouds leave a crack. OnePope Formosus (c. 816 – 4 April 896)  ruled against a Lord so the Lord rigged the game to become Pope and then put Formosus’ dead corpse on trial, had a friend answer for the dead Pope. Naturally, Formosus incriminated himself, who wouldn’t in such circumstances, and he was promptly found guilty, nullified all his decrees, and then claimed his property back. They will do anything – absolutely anything.
Cae-PontifMax
Julius Caesar (100-44BC) had to assume the role of high priest to create a calendar because the politicians were bribing the high priests to add days into the calendar to avoid elections. There is absolutely NOTHING those in power will not do to society for their own self-interest. Finding someone ethical who really cares is one in a billion.
invisible-hand
The key is to review each form of government and take what worked and avoid what did not. We have to understand that no system will ever last forever. So the best we can do is design a system that has the best features and some internal mechanism of checks and balances. Nevertheless, whatever we can think of, will merely create the challenge for others to figure ways around. If we eliminate taxation and restrain government expenditure to what is required for natural expansion of the money supply to facilitate economic growth, then the majority of the lobbying will cease and therein lies the deepest cracks for corruption.

US Postal Service Admits it Secretly Tracks Americans

BigBrother
US Postal Service admitted that it has been tracking over 50,000 people monitoring what they mail or receive. This internal inspection unit of the US Post Office has been secretly monitoring the mail of Americans for use in claimed criminal and national security investigations. The degree of surveillance has clearly reached the level of George Orwell’s 1984 novel. Those involved may think the other guy is untrustworthy. However, this tactic constantly expands. Their own children will become targets as time goes on. Is this really the type of world you want your posterity to live in?

World Debt has Reached $158.8 trillion

Debt-Crisis
The Sovereign Debt Crisis is brewing. Global debt has reach a staggering $158.8 trillion, calculated both public and private. Those who keep touting the collapse of the dollar because of the US debt level being about $17 trillion, do not pay attention to the global debt levels. This is a serious mistake.

Paul Craig Roberts: The Ebola Story Doesn’t Smell Right

http://www.paulcraigroberts.org/2014/10/29/ebola-story-doesnt-smell-right-paul-craig-roberts/

Zombies Are Us: The Walking Dead in the American Police State

https://www.rutherford.org/publications_resources/john_whiteheads_commentary/zombies_are_us_the_walking_dead_in_the_american_police_state

while zombies may be the personification of our darkest fears, they embody the government’s paranoia about the citizenry as potential threats that need to be monitored, tracked, surveilled, sequestered, deterred, vanquished and rendered impotent. Why else would the government feel the need to monitor our communications, track our movements, criminalize our every action, treat us like suspects, and strip us of any means of defense while equipping its own personnel with an amazing arsenal of weapons?

Tuesday, October 28, 2014

"Stop Thanking Me For My Service" – Former US Army Ranger Blasts American Foreign Policy

http://www.zerohedge.com/news/2014-10-28/stop-thanking-me-my-service-%E2%80%93-former-us-army-ranger-blasts-american-foreign-policy

"Since 9/11, those thank yous have been aimed at veterans with the regularity of the machine gun fire that may still haunt their dreams. Veterans have also been offered special consideration when it comes to applications for mostly menial jobs so that they can “utilize the skills” they learned in the military. While they continue to march in those welcome home parades and have concerts organized in their honor, the thank yous are in no short supply. The only question that never seems to come up is: What exactly are they being thanked for?"

MARTIN ARMSTRONG'S LATEST BLOG POSTS

Swedish Central Bank Lowers Interest Rates to Zero%

Sweedish Central Bank
The Swedish Riksbank (central bank) has cut its key interest rate to zero percent. With this quantitative easing monetary policy the central bank is desperately trying to stimulate borrowing to fight deflation. The key interest rate was lowered by a quarter percentage point where experts had only expected a decrease to 0.1 percent. The Swedish Riksbank hopes to create an inflation rate of 2%. In September, consumer prices fell by 0.4%.
The entire problem remains that government cannot grasp that it is taxes and regulation. People will NOT borrow to create businesses when they do not see any opportunity to make a profit. How can dropping the interest rate from 0.25% to 0% make ANY difference? They will wipe out any savings for the elderly causing them to spend nothing if not seek employment driving unemployment higher. This is how brain-dead government operates when you NEVER consider yourself in the equation and the problem is always the people who have to be manipulated.
When the economy turns down in the USA, look out below. We are facing one of the most dramatic deflationary waves perhaps in history. This is the price of a collapse in socialism. We are going through the same collapse process that destroyed communism. It ain’t the private sector – its government!

Bank of England Trying to Clean up Bank Rigging & Manipulation Image in the City

Bank of England
Bank of England is trying to do damage control. They are announcing a review because of all the scandals in rate rigging and manipulations by the banks have created a bad image of the financial sector. Banks should be banks. Allowing them to trade creates the incentive to trade rather than lend. The repeal of Glass-Steagal by Clinton was the single worst act politicians have ever done.

German Politics – Agree or Get Out

Schaffer

InvisibleHand-DanielleThe greatest threat we face is the political elite.They are typically failed lawyers and that training makes them believe they possess some magical power to write law and therein it shall be. The reason why we must crash and burn is linked directly to this very bad quality found at the core of the political elite. This sets in motion the attempt to manipulate society and compel by law that it shall do as they command. Of course, they possess no such power. Consequently, they can pull the Invisible Hand in every direction, but they always fail in the end precisely as communism collapsed even after Stalin murdered tens of millions who he feared they would overthrow him
Thrasymachus Quote

All political systems are the same. Those rioting in Hong Kong think democracy will bring freedom – they are wrong. They will not end up with democracy – but a pretend democracy that is just a republic with pretend elections and the same thing as communistic party systems – we no more elect those who run the government agencies in the USA than they do in Europe. In Europe, they do not even elect the head of the EU – that is someone appointed by “elected” heads of the states.
boehner-gavelThe danger is “representative” government is illustrated by both what the Republicans did to Ron Paul, refusing to allow his name to be even nominated at the Republican convention thanks to Boehner and then Boehner purged every finance committee or anyone who supported Ron Paul. That is dictatorship – not democracy.
In Germany, the former FDP Bundestag member Frank Schaeffler has revealed the corruption hidden within the Germany political elites and how they equally try to prevent any dissenting opinion against their ideas. In this case, Schaeffler became increasingly a Euro-Skeptic. He has explained how he fared with his dissenting opinion to the Euro-rescue. Schaeffler’s right to speak up in a so-called democratic state was shut down the same as Boehner did to Ron Paul. Every time after becoming aware of his critical attitude, the FDP tried to prevent him from speaking his opinion. With all the dictatorial tricks as always, the party leadership tried to isolate Schaeffler because he said hey – this is not working. Schaeffler’s experience illustrates that the constitutional right of free mandate in which a Member has only to follow his conscience, has long since vanished in everyday political life.
pen writing on an envelope.
Keynes-5This is why I say career politicians are the single greatest threat to our long-term economic survival. They will defend their wrong decisions to create the euro no matter what. Europe has to crash and burn BECAUSE they will not even consider the horrifying thought that their perceived power to  manipulate society does not exist. Even John Maynard Keynes at least saw his ideas as delusion towards the end. Just before his death in 1946, Keynes told Henry Clay, a professor of Social Economics and Adviser to the Bank of England that he hoped that Adam Smith’s “Invisible Hand” would help Britain out of the economic hole it is in: “I find myself more and more relying for a solution of our problems on the invisible hand which I tried to eject from economic thinking twenty years ago.” Keynes, who had worked in government, was infected with that same idea that government possesses the power to do anything. He came to his senses and realized the free markets always prevail. This is a lessonHillary has to learn – but I fear she is too old to learn new tricks.

Germany Riots Erupt in Cologne

Germany-Riots-10-27-2014
They are being called right-wing extremists who delivered a massive confrontation with police overturning their cars in Cologne on Sunday. The police turned to using water cannons, batons and tear gas, in an effort to break-up the demonstration (riot). Police officers were pelted with bottles, stones and firecrackers. At least 13 policemen were injured, one seriously, according to various German newspapers. Such an escalation of violence has long since existed in North Rhine-Westphalia.
The organizers had 1,500 people registered for a peaceful demonstration – there were at least 4,000 others that appeared who appear to have turned violent in real force to demonstrate against Islamists. The police are said to have brought in 1,000 men, but were greatly outnumbered.