Gold & the Future


QUESTION: Marty, you laid out gold’s forecast back in October 2018 which has been amazing long-term. While you said if gold would rally after the Pi turning point from a bounce off the downtrend line, then it should rally into the bottom of the ECM. Will you now publish the gold report? I know you have been really busy. But it would be nice to hear from you. Socrates has been bullish since that turn back in 2018. That has been great. It would be nice to see a report with gold in all the currencies.

Happy New Year
LM

ANSWER: Yes it is getting time to do the Gold report. Let us see if that forecast proves correct since we are approaching the target.

Suffer any Wrong Rather than Go to Court


COMMENT: Judge Jackson & the Lack of Judicial Impartiality
Martin in this very illuminating post you say:
“Clearly, the most dangerous flaw appears to be intentional – Congress appoints judges not lawyers”.
You’ve missed an important point here.
At the time of the founding most judges were “appointed” by the people; through elections!
Yes, with the federal courts it doesn’t work that way. But, with the inferior courts at the state and local level it still does; though the right has been assailed and so somewhat curtailed.
Still, it is estimated some 50,000 judge-ships are subject to the ballot; a power, like so many others, fully squandered by the American people.
The implications of an electorate organized to exercise these powers would have serious implications at the federal level just the same and these facts should not be forgotten or dismissed.

H

REPLY: Yes, the state and local levels are varied. My discussion was confined to federal, which is what Ben Franklin was opposed to. There are many regions in the state and local level where the judges are elected by the people. This too I see as wrong for they are still being sponsored by the Republican or Democratic Party and are declared as members. This still intertwines politics and does not eliminate the problem of bias.

I believe that Franklin was correct. The judges should NOT stand for election for that will transform the law into just the will of the majority. There was a case Nix v. Williams, 467 U.S. 431 (1984) which resulted in changing our constitutional rights because politically they demanded that a black guy be found guilty for killing a white 10-year-old girl. The police could not simply transport him after his lawyer got him to self-surrender. The lawyer warned the police not to question him on the way to the jail. They did any way. The officers began a conversation with respondent that ultimately resulted in his making incriminating statements and directing the officers to the child’s body.

A federal court in a habeas corpus proceeding found that the police had obtained respondent’s incriminating statements through interrogation in violation of his Sixth Amendment right to counsel. Brewer v. Williams, 430 U. S. 387. They had to put him on trial again using evidence concerning the body’s location. Legally, that should have never been allowed. But because this was a black man who had mental problems and a 10-year-old white girl, the thought of letting him walk was just politically unacceptable. The court thus created a rule known as the Inevitable Discovery Rule meaning that it was irrelevant that he showed the police where the body was buried, because the court ruled that they would have eventually found the body.

The impact of that political decision is that police really do not need a search warrant today, they merely have to sweep an unconstitutional illegal search and seizure under the table and rule that had they obtained a search warrant, they would have inevitably found the same evidence.

This is the problem when you mix politics with law. In order to make sure that this one black guy was punished, the entire society had to be stripped of our absolute right against illegal search and seizure. If the government wants you, you have no Constitutional rights whatsoever. Law has become the justification for legal persecution. Sir William Blackstone, upon whose seminal legal work was to found the foundation of American law, wrote:  It is better that ten guilty persons escape than that one innocent suffer. That is the way the law is supposed to work. When you mix politics with judges, there is no rule of law that remains. The statue of justice is supposed to be blind symbolizing impartiality. That is merely fiction – like once upon a time.

The corruption of the Rule of Law was always an English past time, which the Americans inherited and greatly improved upon. The idea of justice is merely a fictional dream. Charles Dickens wrote in his introduction to Bleak House;

This is the Court of Chancery ..• Suffer any wrong that can be done you, rather than come here!

 

Snow in Thailand


A reader from Thailand has sent this in. Maybe the first White Christmas in Thailand

Gold & Socrates


COMMENT: Marty, just wanted to say thank you for Socrates. It has been great on gold and even in the miners it has distinguished the lagers like Barrick from Newmont without worry of who is getting paid to pitch what stock.

Can’t wait for the sector overviews.

Happy New Year

PB

REPLY: It is tracking over 1,000 instruments each day. I do not have the time to write about everything. I am working on the sector overview. That should be ready with the turn in the ECM. I am so glad people are getting the hang of Socrates. I do have an expiration date and have no desire to write forever.

HAPPY New Year to All.

President Trump Announces Delegation for Davos Worldwide Economic Forum Conference…


The 2020 Davos economic conference will be a little more important to watch this year (as it was in 2017) due to the completed U.S. Trade Agreements (S Korea, Japan, Mexico, Canada, and China) and the predicted focus for the Trump administration to pivot from Asia to the EU and U.K. for the next critical phase of the ‘America-First’ global trade reset.

As a result of the recent U.K. election, pending Brexit, a favorable $7.5 billion WTO ruling and USTR Lighthizer’s new $2.4 billion EU targeted tariff program, the administration has significant advantages going into a trade discussion with the EU in 2020.

Team USA has the world’s strongest economy, the largest market, legally bolstered tariff authority and a quiver full of powerful economic arrows.

Meanwhile Team EU has: (1) the UK leaving; (2) severe drops in German industrial manufacturing; (3) a shrinking French economy; (4) yellow-vests in the streets; and (5) demands for greater economic autonomy from many key member states.

Overlay Germany, France and Italy large economy challenges such as: their promise to meet NATO obligations – and their attachment to the strangling Paris Climate Treaty, and the EU’s collective economic position is precarious at best.

WHITE HOUSE – Today, President Donald J. Trump announced the Presidential Delegation that will attend the World Economic Forum in Davos-Klosters, Switzerland, from January 20 to January 24, 2020.

The Honorable Steven Mnuchin, Secretary of the Treasury, will lead the delegation.

Members of the Presidential Delegation:

1. The Honorable Steven Mnuchin, Secretary of the Treasury (Lead)
2. The Honorable Wilbur Ross, Secretary of Commerce
3. The Honorable Eugene Scalia, Secretary of Labor
4. The Honorable Elaine Chao, Secretary of Transportation
5. The Honorable Robert Lighthizer, United States Trade Representative
6. The Honorable Keith Krach, Under Secretary for Growth, Energy and the Environment, Department of State
7. The Honorable Ivanka Trump, Assistant to the President and Advisor to the President
8. The Honorable Jared Kushner, Assistant to the President and Senior Advisor to the President
9. The Honorable Christopher Liddell, Assistant to the President and Deputy Chief of Staff for Policy Coordination.

Following Through – National Security Advisor Robert O’Brien Culling National Security Council…


In the aftermath of National Security Council usurper Lt. Col. Vindman helping to orchestrate a joint DoD, CIA and State Dept soft-coup against President Trump, several pointed questions were asked about why the NSC was allowed to undermine the office they were created to support.

In response to those questions, newly appointed National Security Advisor Robert O’Brien announce the White House was in an ongoing process to reduce the size of the NSC.

A follow-up article within the Washington Times highlights the downsizing so far.

WASHINGTON DC – The White House National Security Council staff is being downsized sharply in a bid to improve efficiency within the policy coordinating body by consolidating positions and cutting staff.

A second, unspoken thrust of the overhaul is a hoped-for end to what many critics see as a string of politically damaging, unauthorized disclosures of sensitive information. Leaks of President Trump’s conversations with foreign leaders and other damaging disclosures likely originated with anti-Trump officials in the White House who stayed over from the Obama administration, according to several current and former White House officials.

White House National Security Adviser Robert C. O’Brien is leading the NSC reform effort. He revealed in a recent interview with The Washington Times that 40 to 45 NSC staff officials were sent back in recent months to the agencies where they originally worked, with more likely to be moved out. (continue reading)

Secretary Pompeo Cancels Travel Plans to Remain Focused on Iraq Crisis…


At the time of a Tuesday evening Fox News interview Secretary of State Mike Pompeo was affirming his trip to Ukraine was still planned.  However, by the time Pompeo woke up on Wednesday morning those plans were cancelled….  Perhaps someone told the secretary he needed to stay-attached to the crisis he helped inspire?

WASHINGTON (Reuters) – U.S. Secretary of State Mike Pompeo on Wednesday postponed a trip to Ukraine so he could focus on the situation in Iraq after demonstrators attacked the U.S. embassy.

Supporters of Iranian-backed Iraqi paramilitary groups stormed the U.S. embassy’s perimeter and hurled rocks in two days of protests. They withdrew on Wednesday after Washington dispatched extra troops and threatened reprisals against Tehran.

Pompeo postponed his trip to Ukraine, Belarus, Kazakhstan, Uzbekistan, and Cyprus “due to the need for the Secretary to be in Washington, D.C., to continue monitoring the ongoing situation in Iraq and ensure the safety and security of Americans in the Middle East,” State Department spokeswoman Morgan Ortagus said in a statement.

On Tuesday evening Pompeo had told Fox News the Ukraine trip was still on… (read more)

Note the sequencing:

♦ First call to the Muslim Brotherhood (Qatar).  Influence agents.

♦ Second call to the irrelevant hostage (Iraq).  The pawns.

♦ Third call to the regional beneficiary (Israel).  The ally.

Watching…

ABC News Fears American People Might Interfere in 2020 U.S. Election…


Despite the initial reaction a stable-minded person would likely take away from the headline, it is a good thing that ABC News and other MSM have dropped their pretense and shallow-efforts to retain their open secrets.

In this example while lamenting the outcome of the recent U.K. election that saw the socialists and leftists crushed by conservative and pragmatic voters, ABC is concerned the American people may end up similarly interfering in media objectives for the 2020 U.S. presidential election.  The problem they discover is this pesky concept called “freedom”.

(Source)

Consider this argument from the article“One of the things that we’re always very cautious about is everyone looking at Russia. But actually, we should be looking at the party and political dynamics closer to home and how domestic actors are using the platforms and manipulating the systems to spread information or misinformation that’s favorable to their political stance.” 

I mean seriously.  Can you imagine a world where U.S. politicians easily spread information favorable to their political stance.  Oh.My.God… The outcome is almost unimaginable…. People, allowed to think for themselves.  Yikes, the horror of it.

No Hope for The Corn Pop Slayer?…


Most CTH readers are aware the RNC and DNC are literally private clubs with the ability to do anything they want regarding rules & by-laws inside their respective organizations.  As such both republicans and democrats can do whatever they want to determine their candidate. Understanding this opaque process was one of the cornerstones to figuring out how the RNC controlled the nominee outcome in 2012 and their failed attempt in 2016.

Here’s an interesting perspective on the likely DNC nominee looking at the procedural processes within the 2020 democrat national committee rule changes.  No super-delegates (in round one) and no winner-take-all rules for state delegation distribution.

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Despite the challenges to scour through the details of party rules and regulations, it would be nice if more media spent time on this aspect of elections. Ultimately it is the club rules, and the candidate’s ability to use or overcome those rules, that is the best predictor of who will succeed in the nomination process.