Appearing on Fox News Sunday, White House Trade Policy Adviser Peter Navarro expresses disappointment at the political stunt carried out by Justin from Canada after President Trump departed the G7.
During a post summit press conference the Canadian Prime Minister decided to play politics with the U.S. / Canadian trade relationship and took a hostile and combative posture toward the U.S.
QUESTION: the ECB is arguing that given the low free float of EU bonds (especially German), bonds not owned by the ECB or other central banks, the impact of an end to APP purchases will be nowhere comparable to the tapering sell-off in the US in 2013. Bank research teams are hanging on to this idea to make positive forecasts in the EUR exchange rate versus the USD. They say an end-date for the APP programme may not result in a higher risk/term premium in the European government bond market.
Could you comment on this, please? Many thanks for all your work,
GM
ANSWER: The ECB knows it has to stop the QE program. They also know that Yellen was correct in lecturing them that interest rates had to be “normalized” so they know there is a real meltdown coming. That is inevitable. Pension funds cannot buy 10-year bonds at 1.5% or even 3% locking in losses for 10 years. I really fail to see that claiming there is such a small float, because the ECB has been the 800-pound gorilla buying everything, that interest rates will not rise. That is just complete fallacy. There is a small float because they have DESTROYED the bond market in Europe.
Draghi has proved something incredibly important – Demand-Side Economics has been a complete and utter failure. After 10 years of manipulating interest rates, that they want to put private bankers in prison for under the Libor Scandal, the ECB has failed completely. In just 7 days, the German bunds dropped from 16415 to 15939 – that was 5.9%. The 2013 decline in US 30-year Treasuries back in 2013 was 16%. So what the Bunds did in 7 days in their decline based upon events in Italy reflect that the ECB is trying to paint a picture that yes – rates will rise and bonds will decline. However, the decline will be less than the USA (in their biased opinion) so you will lose less money buying European debt than American.
A great sales pitch. There are people who just WANT to believe the Euro will defeat the dollar. They, therefore, look at anything to support only that view. Good luck on that one.
COMMENT: If gravity is the most powerful force in the universe than the logic would collapse ECM to and that is not how reality is as you have discovered in the ECM.
Gravity / Government / the weakest force in the universe, Gravity is opposite Electromagnetic Majority people are opposite government
the more powerful Majority in the Market will always create the trend, not the weaker gravity / government that is the basic tenet of the ECM and the Electric Universe This is also why the Sovereign Debt Crisis will bring Gov. Deb to 0
It is then a Fallacy to Appeal to Authority of Relativity , You Marty have shown
Time is simply the observation of ratios between multiple series of events and is the only Constant, the past can not be changed or manipulated.
I can accurately predict future events, by observing past events, and noting the ratios of events in time 8.6(9) year frequency with the 1.075(1.3) year short leg and the 2.15(2.6) (1.3 +2.6=3.9) year Long leg to volatility wave/ change in trend PI 3.1415(3.2) This allows me to have confidence in where I am in time and to accurately predict future events with consistent success.
Tesla said “pay attention to the 3, 6, and 9 and think frequency, vibration, energy”. He saw the world as it was, rather than how he wanted it to be, he was aware of the principle of the ECM, as the maya and other ancient civilizations.
SA
REPLY: I believe you have expressed it very well from a physics perspective. Well done! I live on the beach and am in awe of the sunsets every day. This is one photo I took on one stunning day. Observing the universe and how everything functions in a choreographed play is amazing. I have often said that my physics teacher said nothing is random. God does not play dice with the universe. My economics professor emphasized that everything was random and therefore the government was needed to manipulate the chaos to smooth every out so we have a better life. I realized right then and there that one of my professors was lying. I followed the path of order; not the one of chaos and randomness
QUESTION: Mr. Armstrong; I was at the Treasury Management Association of Canada (TMAC) conference in Vancouver when you appeared as a speaker as well as Peter Detallis of the Bank of Canada if I remember his name correctly. I was there at the cocktail party when the Finance Minister of Nova Scotia said you diminished the central bankers. They were right there a well and he did not know it. You introduced him to them. He was upset. I laughed at that. My question is why are you the exception to meet with central banks?
HWF
ANSWER: It should come as no surprise that I routinely argue against “demand-side” economics which justifies central banks manipulating demand by raising and lowering interest rates. It has never worked. That said, the Democrats vilified “supply-side” economics when Reagan lowered taxes. They vilified it calling it “trickle-down Economics.” They never actually explain the difference because they want to do as they desire and then expect the central banks to clean-up their mess from the fiscal mismanagement of the economy. That said, the conspiracy theorists blame the central banks for absolutely everything and assign no blame to the politicians for the fiscal side.
That said, it still took me some time to understand why the central banks would talk to me. They clearly knew I understood the real dynamics of the system as a whole with both the fiscal and monetary side in addition to Demand v Supply-side economics. The also knew I lived in the real world community and was one of the few true international advisers. The difference is I really had some $3 trillion under contract which was about 50% of the US National Debt at the time. They knew I spoke with real-life experience – not theory. That was even part of the Congressional record when I testified before the House Ways & Means Committee. When the model called the 1987 Crash that was one thing. But the very day of the low it confirmed that was it and the low would hold and off we would go to new highs. I was called in by the White House that day and asked to confirm this would be it. There are simply times when they just really need to know what is happening and they need to rely on something that is NOT political or just the passing opinion of an analyst. Then the Tokyo Crash took place perfectly with the top of the ECM 1989.95 and again I had two central banks on the phone at the same time. The question was did the computer say they needed to intervene? I said no. It was confined to Japan.
The stock market again peaked on the very day of the ECM July 20th, 1998. That was followed by the collapse of Russia and the Long-Term Capital Management Crisis. That is when the CIA called and wanted the model since it had political implications that became obvious. It has become obvious to those behind the curtain that our model is no joke. There have been WAY TOO may correct forecasts that have picked the turns and highlighted the crisis points.
Over time, I learned that the central bankers are no different from the rest of us. They do NOT know everything and they are NOT in control of the world as the conspiracy people paint it. In Canada, they filed a lawsuit against the Bank of Canada to demand it focus only on Canadians and ignore international bankers and the Bank of International Settlement (BIS) (see Press release: Ban of Canada Suit _CourtCasePressRelease). They do not grasp that we are ALL CONNECTED and central banks realize that they CANNOT manage the domestic economy by ignoring the international capital flows.
There is such a general misconception of central banks it is unbelievable. The first cooperation took place in July 1927. That was a meeting between USA, UK, France, and Germany. They attempted to manipulate the capital flows by arguing the USA should lower interest rates and in theory, the capital would return to Europe. It failed and they could not prevent the Sovereign Debt Crisis that hit in 1931. It was Roosevelt who usurped all the power of the independent branches of the Federal Reserves and stuffed them all into one size fits all management under Marxist socialistic theory where Washington kept an eye on the Fed.
Yellen pleaded with Drahi to stop his insane negative interest rate policy. He would NOT listen. She hesitated in raising US interest rates back in 2014 hoping that Draghi would see the huge mistake he was making in creating the next crisis – the destruction of the European bond market and the pending Pension Crisis. When the ECM peaked 2015.75 and started to decline, the pressure on the Pension Funds began to escalate. The Fed broke FAITH with the rest of the central banks and began to raise rates during the last quarter 2015 after the ECM turned October 1st, 2015.
Our system is the ONLY mechanism that is tracking the entire world. It picks up everything. This is the chart of the capital flows for the 1987 Crash. How can any central bank ignore the capital flows and the international interconnectivity of the world economy and survive?
We have no conflict of interest and that is critical. We also have a track record from the early 1980s that is unbelievable on economic forecasts. In the middle of a crisis, we all need sometimes to call on someone or something. We try to contribute to society in hopes of one day perhaps AFTER the Crash & Burn, just maybe we can avoid a fall into totalitarianism. My time will be over here. My concern is for my family I will leave behind.
When we ended part I... A U.S. foreign policy that provides the opportunity for fully-realized national authenticity is a paradigm shift amid a world that has grown accustomed to corrupt globalists, bankers and financial elites who have established a business model by dictating terms to national leaders they control and influence.
When you take the influence of corporate/financial brokers out of foreign policy, all of a sudden those global influence peddlers are worthless. Absent of their ability to provide any benefit, nations no longer purchase these brokered services.
As soon as influence brokers are dispatched, national politicians become accountable to the voices of their citizens. When representing the voices of citizens becomes the primary political driver of national policy, the authentic image of the nation is allowed to surface.
In western, or what we would call ‘more democratized systems of government‘, the consequence of removing multinational corporate and financial influence peddlers presents two options for the governing authority occupying political office:
♦One option is to refuse to allow the authentic voice of a nationalist citizenry to rise. Essentially to commit to a retention of the status quo; an elitist view; a globalist perspective. This requires shifting to a more openly authoritarian system of government within both the economic and social spheres. Those who control the reigns of power refuse to acquiesce to a changed landscape.
♦The second option is to allow the authentic and organic rise of nationalism. To accept the voices of the middle-class majority; to structure the economic and social landscape in a manner that allows the underlying identity to surface naturally.
Fortunately we are living in a time of great history, and we have two representative examples playing-out in real time. •One example is the U.K. and voices of the British people who have voted to Brexit the European Union. •The second example is Mexico, and the upcoming July 1st election of Andres Manuel Lopez Obrador (aka AM LO), a national socialist.
In the U.K. we see the government turning more authoritarian and distancing itself from the voices of the majority who chose to rebuke the collective association of the EU. In recent decisions the government has taken a more harsh approach toward suppressing opposition, and as a consequence oppressing free speech and civil liberties.
This doesn’t come as a surprise to those who have followed the arc of history when the collective global elite are rejected. Globalism can only thrive amid a class structure where the elites, though few in number, have more controlling power over the direction of government. It is not accidental that the EU has appointed officials and unelected bureaucrats as the primary decision-making authority.
By its very nature collectivism requires a central planning authority who can act independent of the underlying national voice. As the Trump Doctrine clashes with the European global elite, the withdrawal of the U.S. financial underwriting creates a natural problem. Subsidies are needed to retain multiculturalism. If a national citizenry has to pay for the indulgent decisions of the influence class, a crisis becomes only a matter of time.
Wealth distribution requires a host. Since the end of World War II the U.S. has been a bottomless treasury for EU subsidy. The payments have been direct and indirect. The indirect have been via U.S. military bases providing security, and also by U.S. trade policy permitting one-way tariff systems. Both forms of indirect payment are now being reversed as part of the modern Trump Doctrine.
Similarly, in Mexico the Trump Doctrine also extends toward changed trade policies; this time via NAFTA. The restructuring of NAFTA disfavors multinational corporations who have exploited structural loopholes that were designed into the agreement.
With President Trump confronting the NAFTA fatal flaw, and absent of the ability of corporations to influence the direction of the administration, the trade deal ultimately presents the same outcome for Mexico as it does the EU – LESS DOLLARS.
However, in Mexico, the larger systems of government are not as strongly structured to withstand the withdrawal of billions of U.S. dollars. The government of Mexico is not in the same position as the EU and cannot double-down on more oppressive controls. Therefore the authentic voice of the Mexican people is likely to rise.
Andres Manuel Lopez Obrador (AM LO), is a nationalist but he is not a free-market capitalist. AM LO is more akin to a Hugo Chavez soft-Marxist approach with a view the central governing authority is the best structure to control the outputs of the production base and distribute equity.
The fabric of socialism runs naturally through the DNA strain of Mexico, and indeed much of South America. This is one of the reasons why the current Mexican government is so corrupt. Multinational corporations always find it easier to exploit socialist minded government officials.
When bribery and graft are the natural way of business engagement, the multinationals will exploit every opportunity to maximize profit. Withdraw the benefit (loophole exploitation) to the financial systems, and the bribery and graft dries up quickly. A bottom-up nationalist, albeit a soft-Marxist like AM LO, is the ultimate beneficiary.
The authentic sense of the Mexican people, rises in the persona of Andres Manuel Lopez Obrador – who actually does personify the underlying nature of the classic Mexican class-struggle.
Thus we see two similar yet distinct outcomes of the Trump Doctrine. Within a highly structured U.K. parliamentary government the leadership becomes more authoritarian and rebukes the electorate; and in Mexico a less structured government becomes more socialist and embraces the underlying nature of the electorate.
It is not accidental the historic nature of the U.K. is a Monarchy, and the historic nature of Mexico is socialist. Revolution not withstanding, both countries are now returning to their roots.
We are indeed living in historic times.
MEXICO CITY (Reuters) – Leftist candidate Andres Manuel Lopez Obrador extended his double-digit opinion poll lead to claim half of voter support ahead of Mexico’s July 1 presidential election, a voter survey showed on Monday.
Lopez Obrador, who has consistently ranked in the lead in major polls, has 50 percent of voter support, 26 percentage points ahead of his nearest rival, according to the poll published in newspaper El Financiero.
The former Mexico City mayor’s support rose from 46 percent in a May survey by the same pollster. (read more)
Believe it or not, mussels in Seattle are testing positive for opioids. Mussels are what are known as “filter feeders” since they absorb food from their surrounding environment. The problem that is surfacing is demonstrating the difference between “pollution” and “climate change,” which so many people assume are the same thing. Mussels absorb also all contaminants from their environment into their tissues. Scientists in Seattle used cages to transplant clean mussels from an aquaculture source to 18 urbanized locations around Puget Sound. After a few months, they recovered the mussels from the urban waters and tested them.
In three of the 18 locations they selected, the mussels shockingly tested positive for trace amounts of oxycodone. It seems the mussels are getting high. What is happening is that humans are ingesting opioids and excreting traces of the drugs into the toilet. Those chemicals in turn then end up in wastewater because not all contaminants can be filtered out of wastewater. Then the city ejects the wastewater into Puget Sound and we end up getting the sea life high.
You might want to avoid “fresh” catches around major cities.
I had a feeling this might happen.
.
Lucky Day…. Lucky Day… NAFTA squished.
More winnamins.
President Trump is looking out for generations…. and generations of generations:
Delivering remarks in a post G7 press conference, Prime Minister Justin from Canada outlines his perspective on the summit and takes questions from a pre-selected media audience. Many of the questions centered around U.S. positions on trade/tariffs and the Canadian/EU position that U.S. tariffs are illegal; whereas Canadian and EU tariffs are quantifiable expressions of magnanimous intellectual superiority and Americans should spend more time thanking them, instead of these feeble efforts to gain trade reciprocity.
The underlying Trudeau trade premise is that the U.S. should be thankful for the products brought into the U.S. market by Canadians and Europeans. And Americans should express their appreciation through unilateral indulgence-fees for friendship. If President Trump does not agree to continue the cycle of abusive trade policies, the Europeans and Canadians might stop saying they are our closest and most valuable ally.
In the granular details: •On NAFTA Justin from Canada says a sunset clause on any renegotiated trade deal is a non-starter regardless of time-frame. If the U.S. intends to reevaluate the outcomes of a trade deal, there can be no trade deal – ever.
According to Trudeau’s economic team, there will never be any new products or services created within industry, ever again. Accordingly, the world currently has all the products and technology that will ever exist in the life-cycle of human existence; therefore there is no reason to ever plan on a need to renegotiate trade at any duration of trade agreements.
•On the global gender equity initiative, six of the G7 members have agreed to a $3.8 billion fund to create more opportunity for female organisms; and/or for the expanded rights of those who might identify as female organisms in the next generation. The central beneficiary group of the G7 gender equity initiative will likely be human; however, in the spirit of inclusivity the communique also accepts a building movement within the EU to recognize planetary gender inequality amid all species.
In fairness to the female Salvadorian four-toed sand lizard who might not want to face the horrors of sub-tropical male domination and subsequent impregnation; the U.N. will use a portion of the G6-1 funding to study the sensibilities of trans-gender lizards in the Southern Hemisphere. The international monetary fund will be responsible for distribution and will use their upper-east-side suites as the temporary conduit until the new international center for gender equality building is finished; [*note the design competition and contractor bidding period has been extended until August 14th, 2021]
•On the horrors of plastics and climate initiatives, the G7 agreement morphed to a recycled G5 as Japan and the United States refused to sign on to the planned planetary elimination of all plastic, petroleum and carbon-based products.
Japanese Prime Minister Shinzo Abe raised the argument it was impossible for many people to carry enough water from the river, in their cupped bare hands, to take a shower. Germany’s Angela Merkel became quite cross, and pointed out that showers and bathing were already verboten per the 2011 G20 communique and international water-conservation agreement in Finland.
Theresa May rose to support Ms. Merkel and pointed out how the success of the 2011 Finland water-conservation-agreement necessitated and supported accepting increased middle-east immigration. Less EU bathing means more water. More water equals happier fish; and many of the most disenfranchised of the pelagic species had their planetary rights trampled for eons by colonial expansionists.
PM May supports correcting those historic abuses, and the U.K. Council on Subterranean Species Initiatives (UK-CSTSI) has been monitoring the sensibilities of North Atlantic cod for almost half-a-decade. The councils’ work has been a key policy initiative for the elimination of insensitive fish-and-chip shops throughout England and Northern-Ireland.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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