QUESTION: If the metals are not trading at a fair value relative to everything else, then does that not prove they are manipulated?
SN
ANSWER: Your problem is the assumption that everything must be trading at some fair value. That is up there with the theory of random walks. ALL markets trade for periods where they remain well below fair value. That was the entire takeover boom of the 1980s which they also blamed on me because I was advising many of the takeover players. I simply showed these charts back then which show in terms of book value, the Dow Jones bottomed in 1977. The market was grossly undervalued because you could buy a company, sell all its tangible assets, and double or triple your money. Michael Douglas’ famous speech in that movie about “greed” would not even be possible if everything always trade like some mythical robot at fair value. Everything overshoots and undershoots.
The metals are NO DIFFERENT. Every market swings between grossly UNDERVALUED and then grossly OVERVALUED. This is part of the business cycle. If there were no periods of gross undervaluations, there would not be a sudden boom either.
This is what you have to come to grips with. There is such a thing and the business cycle. Our cyclical analysis would not be possible if everything was trading at a flat line of fair value. This nonsense in metals is made up of people who have been wrong, and need to blame someone else. It is like blaming climate cycles on CO2. This notion of fair value is rooted, I hate to tell you, in Marxism, because he too did not understand the business cycle.
QUESTION: Good afternoon – Will try to make this one quick. Know you are busy. Have you ever asked Socrates how to “defeat” its predictions? Or to reduce volatility/amplitude of projected events?
(Really, you should be recognized alongside Adam Smith, Ricardo, et al. for your discoveries and contributions.)
JN
ANSWER: Because the entire world is connected, it does not appear that it is possible to prevent an event from unfolding. I have come to the conclusion that the best we can ever hope to accomplish is to reduce the magnitude of volatility.
The CFTC had even subpoenaed me demanding a list of all my clients worldwide. I defeated them in court. Their argument was that I had been manipulating the world economy and by turning over my client list, they would prove the magnitude of my influence. These people do not believe in forecasting for they only believe in manipulating society. Even Larry Summers claimed that if you create a model that actually worked, then that would dictate the future.
What these people miss is the fact that we are all connected globally. This is why government IS THE PROBLEM for they think that they can manipulate the future. But since we are all connected globally, it is impossible for one nation to alter the course of the global trend.
The world economy cannot be manipulated. It is far too complex to alter the course of the entire globe. It has been governments that have always created war. Look at every time the bankers thought that they had the guaranteed perfect trade, they have blown up and run to the government for bailouts.
Their allegation against me has never changed. If I say gold will double and it does, it is ONLY because I have too many people as followers rather than the fact that the computer has identified the trend.
So Socrates has confirmed on many occasions – the world economy must travel through these cycles. It is just how society functions.
Imagine if you could have bought a loaf of bread in 1932 for 7 cents. That 7 cents would be $3.09 today would be a gain of 4,414%. Of course, you could not even freeze it that long. That is also the problem with many who sell investments. Gold was $20.67 in 1932 so that has been a gain of 8990%. On the other hand, the Dow Jones Industrials bottomed in 1932 at 40.56. That has been a gain of 83,992%.
In 1955, the Dreyfus Fund was established by a New York stockbroker named Jack J. Dreyfus, Jr. (1913–2009) It was Dreyfus who acquired the open-end Nesbett Fund, which had $2.3 million in assets. This ambitious stockbroker renamed the fund bestowing his own family name upon it which would become a household word in the decades ahead. By year end, the assets grew to $5.6 million as 1955 drew to a close. The best decision Dreyfus made was to buy 400 shares of an unlisted stock. That “sleeper” stock was Polaroid which he bought for $31 7/8. Dreyfus would watch this single purchase rise to $6,372 per share – not counting splits – in the years ahead. This outstanding performance almost single-handedly led to the mutual fund boom in the 1960s.
Sometimes a new technology paves the way for something that changes the game.
COMMENT FROM HUNGARY: Dear Marty, You were correct again. Price controls do not work in the long run. The Hungarian government introduced a price cap on gasoline and diesel a few months ago, but a few hours ago this evening they had to let it go(they “tried everything in their power to help but the damn bureaucrats in Brussels who voted for the sanctions”.etc etc.).
The holiday season, panic buying, no gas another nail into the trust in our government’s coffin. Marty these people really have no clue what the hell they’re doing. We have several food products that also have price controls: Wheat, sugar, eggs, etc. And interestingly supermarkets simply stop selling them or they sell brown sugar (no price control) instead of white sugar (price controlled, the maximum amount you can purchase in one go is 3kg i believe). When will they learn (not admit) or at least stop blaming others for their own brain-dead decisions?
I honestly hope that whatever the hell comes after 2032 will be better than this nonsense. Thanks for all you do Marty. Keep up the fight, and get some well-needed rest during the holidays. I reckon you’re getting more phone calls than usual… All the best, RH
ANSWER: You know the most astonishing fact is that this was not even my personal opinion. All one need do is consult history. NEVER has any attempt to freeze prices to prevent inflation EVER worked even once.
The Roman emperor Diocletian (284-305AD) tried to impose wage and price controls in an effort to prevent inflation that was soaring because of a collapse in confidence in the Roman government. The Edit on Maximum Prices was imposed during 201AD. It was an utter failure.
Even if we go back to the 4th century B.C., the Roman government bought corn (grain) and, in times of shortage, it re-sold it at a low fixed price to try to prevent inflation from shortages – as we have today. In 58BC, the Roman Senate went even further and granted every citizen free wheat. The politicians were trying to bribe the people as they are doing once again today. What happened was that the farmers began moving back to the city of Rome because they could live and eat without working – it was free. By the time Julius Caesar (100-44BC) crossed the Rubicon, one in three Romans was receiving government wheat. He was forced to create a census and found there were more people claiming welfare than there were possible people.
Those in government ALWAYS assume that since they possess a pen, they can write whatever law they desire and they will comply or be thrown in prison until they die. I was named FOREX Person of the Year in 2015 because we forecast the Euro/Swiss peg would break. I even met with the Swiss Central Bank and warned that the peg would break. I was told they would be able to hold it. I replied I think the odds are on my side since NOBODY in history has ever been able to do this. There was the British pound peh into the ERM the broking making Soros all his money. In 1997, there was the Asian Currency Crisis where all the pegs broke. then there was even Bretton Woods which was a fixed exchange rate that broke in 1971 and in 1973 I was called in for the first bank failure due to foreign exchange.
I have done my best trying to warn governments that they CANNOT fix currencies and even when they were forming the G5 with the Plaza Accord in 1985, I was called in and warned that lowering the dollar by 40% would lead to a major currency crisis and a crash by 1987. Never have they ever listened.
Perhaps, the ONLY time anyone in Europe or the United States than anyone in government ever listen was perhaps in 1997. They were starting the jawboning of the Yen for trade purposes once again. I wrote to Robert Rubin and he has Timothy Geithner respond who later became the Secretary of the Treasury. China has listened, but other than in 1997, I cannot say any central bank or government has EVER heeded my warnings that history is on my side – pegs NEVER work.
Posted originally on the conservative tree house on November 17, 2022 | Sundance
An ideological alignment of individual people, institutions and organizations working in concert toward a common goal is not a conspiracy.
Organized coordination between individuals, groups and institutions is generally considered a conspiracy. That dismissive labeling also allows the downstream beneficiaries of the outcome to dispatch, avoid, or more commonly pretend to ignore the collective goal. However, organized coordination is not needed in order to pursue a common goal; the only thing needed is an understanding of the objective.
Once the objective of the common interest is identified, all benefactory components operate individually. What becomes visible is the similarity of the actions.
This is where we see patterns and common actions taken toward a common goal. This reality is the context to understand how the political dynamic is constructed in opposition to Donald Trump, and more specifically how the America First policy platform of Presidential candidate Donald Trump is viewed as a common risk.
Individuals, institutions, government ‘stakeholders’, and generally all status-quo interests stand in opposition, as reflected in the historic Niccolò Machiavelli quote:
“It must be remembered that there is nothing more difficult to plan, more doubtful of success, nor more dangerous to manage than a new system. For the initiator has the enmity of all who would profit by the preservation of the old institution and merely lukewarm defenders in those who gain by the new ones.”
When the new system is constructed to the benefit of the many yet disrupts the status of those few -the proverbial elite- who benefit from retention of the old, those in the at-risk minority must pretend not to know things. Additionally, through passive aggressive undermining that same elite group frame their opposition as to provide themselves plausible deniability.
It is in this political mix of eclectic interests where a person needs an intellectual filtration system, tuned to the granular nuances, in order to make sense of the landscape and see the big picture.
Do not disregard the difficulty of this process, for it takes a keen -almost exhaustive- state of awareness to maintain vigilance against the conniving schemes that flow as an outcome of the process. However, once you see the patterns you are essentially tuning in to see the strings on the marionettes. Once you see the strings on the marionettes, you can never return to that moment in the performance when you did not see them.
In the 1980’s and 90’s, there was a fad of optical illusion images known as autostereograms. For many people when you stare at the autostereogram image, a hidden 3D scene emerges. It often takes a few seconds or even minutes to see the 3D aspect to the image; however, once your eyes adapt to the image it becomes easier to spot. This is also a metaphor for modern politics. Often it is difficult to spot the 3D aspect to what we see, but over time the picture gains clarity.
Consider…. Much has been written about Mitch McConnell spending $10 million on the Alaska republican senate race when the race was between two republicans. Yet Mitch McConnell refused to support Republican Senate Candidate Blake Masters in Arizona? However, less has been written critically about the Republican Governors Association, likely because its more challenging to accept the corporate Machievellian approaches extend far beyond DC, into our own backyards.
The Republican Governor’s Association (RGA) gave $21 million to the Super PAC “Friends of Ron DeSantis” in 2022 {Source}; however, in every single poll DeSantis was leading by double digits and even the most die-hard leftists admitted months before the election that Florida was a lost cause; DeSantis was going to win.
So why did the RGA transmit $21 million to coffers of DeSantis, while Arizona Republican candidate for governor, Kari Lake, struggled with major donor funding? Arizona’s current republican Governor Doug Ducey is head of the RGA.
Accepting these passive aggressive political realities only leads the intellectually honest observer in one researched direction. The McConnell Senate Leadership Fund and the Republican Governors Association (RGA) all receive funds from the same Wall Street and multinational corporate mechanisms.
It is easy to see the agenda of McConnell because he’s been using the same ‘Citizens United’ playbook for over a decade, and the media draws attention to it. McConnell is the enmity and preservation group that Machiavelli described. However, it much more difficult to see the RGA as the ‘lukewarm defender’ group in our backyard.
The corporate alignment of the RGA is also more difficult to accept; but that is, as my grandpa would say, “the reality of the thing.”
I am going to begin outlining the 2023 and 2024 political club landscape soon. Much of the continued exposing will be on a granular, cited and difficult to accept level. Yet it becomes necessary because we need to see the strings on these GOPe marionettes if we are going to avoid the “illusion of choice” that each component element, RNC, GOP, RGA, RCCC, is constructing for us.
Normally, I would avoid such a “tripwire” outline before the 2023 RNC Winter Meeting this upcoming Jan/Feb. However, I have also vowed to deconstruct the pretending with brutal -and yes, difficult to accept- honesty; so, firstly the timing is not of my choosing. Secondly, CTH will once again be assembling the humint resources to extract the political conversations that GOPe leadership inside those meetings do not wish to see exposed.
WASHINGTON/NEW YORK, Nov 16 (Reuters) – Blackstone Inc (BX.N) Chief Executive Stephen Schwarzman [pictured left], who has been one of Wall Street’s biggest donors to Donald Trump’s election campaigns, said on Wednesday he will not back the former president in 2024.
Trump announced he would run in the 2024 U.S. presidential election on Tuesday, launching an early bid to become the Republican nominee in an effort to pre-empt potential rivals.
Schwarzman said it was time for new party leadership and that he would back a different Republican in the presidential contest. “It is time for the Republican Party to turn to a new generation of leaders and I intend to support one of them in the presidential primaries,” he said in a statement, which was first reported by Axios.
Schwarzman, 75, is a prominent Republican donor. He spent $35.5 million to support Republicans ahead of last week’s midterm election. Republicans are still one seat short of capturing control of the U.S. House of Representatives and have failed to take over the U.S. Senate. (more)
NEW YORK – Rupert Murdoch has reportedly warned Donald Trump his media empire will not back any attempt to return to the White House, as former supporters turn to the youthful Florida governor Ron DeSantis.
After the Republican party’s disappointing performance in the US midterm elections, in particular the poor showing by candidates backed by Trump, Murdoch’s rightwing media empire appears to be seeking a clean break from the former president’s damaged reputation and perceived waning political power.
[…] “We have been clear with Donald. There have been conversations between them during which Rupert made it clear to Donald that we cannot back another run for the White House.”
[…] Lachlan Murdoch, the heir apparent and eldest son, who co-chairs News Corp and runs the parent company of Fox News, has reportedly told DeSantis that the group would back him if he ran in the next election. “Lachlan has been keen on Ron for some time,” said the i’s source. “He’s viewed within the organization as a sanitized version of Donald.” (read more)
Once you see the strings on the corporate marionettes, it’s impossible to return to that moment in the political performance when you did not see them.
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 