Spain Invades Barcelona & EU Shows Its Fascist Character


 

Spain has invaded Barcelona sending in an army of 16,500 as pretend riot police to effectively suppress and intimidate the people. Armed police have seized almost 10 million ballots for the referendum to shut down any democratic process showing the entire world that Spain is still fascist and that is really supported by Brussels. The Spanish police have beaten citizens as if this were some third world dictatorship demonstrating the democracy is truly dead in Europe.

Catalonia represents a fifth of Spain’s 1.1-trillion-euro ($1.32 trillion) economy and enjoys wide self-government, although key areas such as infrastructure and taxes are in the hands of central authorities. The region has about 5.5 million eligible voters.

 

The Spanish police have raided several print works and newspaper offices in Catalonia hunting for voting papers, ballot boxes and leaflets to be used in an October 1st independence referendum which Madrid vehemently opposes. Madrid has revealed its true nature to the entire world on center stage and this is starting to show up in our models for Europe.  The Global Market Watch picked up patterns yesterday warning that there is trouble in the wind.

Thousands have taken to the streets in protest of what is clearly a full blown restoration of Spanish fascism. Meanwhile, shorting Spanish bonds has been outlawed. The free markets have been utterly destroyed. The ECB is buying all Spanish debt trying to pretend that confidence in Spain is strong. Clearly, any institution holding Spanish debt at this point should sell it to the ECB before it is too late.

The EU is starting to shape up as you can check in, but you cannot check out. This is certainly more of a fascist system than democratic. This is reflecting the serious political issues for the EU looking into the next few years.

The Confusion in Gold


QUESTION #1: [_____] says that the dollar will collapse because with the debt ceiling gone – no more buyers of Treasuries in the markets and only the Fed Reserve buying – inflation goes to the wazoo. All over USA. care to comment?

ANSWER: Total nonsense. The USA debt of $20 trillion is a tiny fraction of global debt at $160 trillion. This entire theory does not hold up. Just where is all the money going to run? Gold? Institutions do not buy gold and cannot function with gold, which is not legal tender for even paying your taxes. The only thing that matters is the general public confidence. When the average person on the street no longer trusts government, that is the tipping point.

There is a whole series of people given a choice between a bar of chocolate and a bar of silver. They take the chocolate. Kids line up in Starbucks and pay with their phone – not even cash. Not until you shake the confidence of these people will you see the explosion in markets. That is what took place in the late 1970s. I was there. OPEC created the image of wholesale inflation. People were hoarding toilet paper.

QUESTION #2: What will Fed Balance Sheet Shrinkage do to Gold?

ANSWER: The opposite of what people think. Shrinking the Balance Sheet will be anti-inflationary to the standard reasoning and thus gold should collapse with deflation. However, the Fed has turned away from QE because pension funds are at serious risk. They have run off to emerging markets and bought very long-term paper desperately trying to get their yields up. As the stock market rises because there is no alternative, the Fed politically will be forced to raise rates. They will end up creating inflation with rising rates that will blow interest expenditure through the roof.

QUESTION #3: Since we bounced off the reversal again, obviously this still does not negate a break of $1k and then the slingshot up. But it just seems as if gold is on its deathbed. If nuclear war could not get it to exceed last year’s high, is there anything left in this bag of fundamentals we have been hearing about forever?

ANSWER: I understand. This is what the Reversal System is good at. We stopped within a dime of that number. What will be will be. We are running out of fundamentals to keep buying gold. It’s like the fake news about the storm in Florida that a 15 foot wall of water would destroy the coast. It never came and many people are really angry at the media. How many times can they do this before people no longer listen. Gold is a confidence game – plain and simple. This number is just incredibly important far more than most people dare to consider. I will be doing the gold report soon. It is very critical at this point.

GCNYNF-GMW 9-16-2017

COMMENT: Marty, thank you so much for the past several years of WEC. You have taught me to keep my head in times like this. I bought the gold on the GMW and then sold it against the reversal with a stop just above as you did with the yen in 1998. I had two friends who were buying at the high expecting gold to breakout when I was selling. It was two against one. The majority must be wrong.

Thanks!

See you in Orlando.

ANSWER: The number of long positions verse net shorts in gold reached about 5:1 and you saw what happened – it simply bounced off of the reversal and did not exceed last year’s high. I am always amazed at how people get so bullish and say I am wrong and then within 2 days they lose their shirt. As they say, you can lead a horse to water, but you cannot make him drink. Some people judge the next 10 years by a few days of price movement. That is how the market separates traders from fools

U.S. Chamber of Commerce Admits No Common Ground With Trump on Immigration – Chamber Demands Open-Ended Immigration Must Be Maintained… ion


The open border position of the crony-capitalistic U.S. Chamber of Commerce is only one of the issues that showcases the hidden agenda of their heavily lobbied influence upon Republicans in Congress.  The CoC spends hundreds of millions writing legislation and paying off the UniParty to deliver on their multinational corporate agenda.

In an interview today the Chamber admits their immigration agenda has no common ground with the President Trump administration.  CTH has pointed out this issue for many years, however more people are awake now.

WASHINGTON DC – The Chamber of Commerce admitted Thursday that it is struggling to find common ground with President Trump on immigration, and so far hasn’t been able to find a “sweet spot” on the controversial issue.

“We don’t have a policy paper on immigration. It’s a controversial area,” Randy Johnson, the Chamber’s senior vice president for labor and immigration policy, said at a press briefing Thursday. “We’re trying to figure out where our interests align with the Trump administration.”

He added later that, “Immigration across the board, with some limitations, is a benefit to this country and that is the position of the Chamber.” In contrast, the Trump administration has sought not only to stop illegal immigration but has backed a plan to cut legal immigration in half.

Johnson said the Chamber, the national largest business trade association, was nevertheless “ready to engage with the Trump administration” on the subjects such a merit-based immigration. The chamber would not budge on family-based immigration though, he said.

Johnson said he hoped the president did not end the Deferred Action for Childhood Arrivals policy that allowed children who were brought to the country illegally to remain, though he said the legal principles behind the policy were shaky. (read more)

“Family-based immigration” is code-speak for open borders.  Under the principles behind family migration, once a single family member arrives in the U.S. they can then bring every member of their family, even extended family by marriage, into the U.S.

This process is also called “chain migration”, because there is essentially no end to the unlimited access brought about by relationship.

On DACA (Deferred Action for Childhood Arivals), the U.S. CoC is a big proponent of amnesty and open borders.  The CoC wrote, and then spent hundreds of millions paying congress for, the 2013 “Gang-of-Eight” bill within the Senate.  The CoC held the same position on DAPA (the DACA parents).

However, DAPA was found to have been unconstitutional executive branch overreach by the U.S. Supreme Court.  If DAPA was an illegal Obama executive action, DACA is also.  The difference between outcomes is simply that DAPA was challenged successfully by states; DACA has yet to be challenged in court.

Angela Merkel is being Called a Traitor for the Refugee Crisis


The EU has abandoned Italy while simultaneously demanding that the refugees must be taken care of. Nearly 100,000 refugees have arrived in Italy since the start of this year alone. The Italian government cannot cope with the refugee crisis and Brussels said they cannot exempt them from the restraint of busgets. That means that money for Italians must be diverted to the refugees and they keep coming.

Italy is being pushed to the limit and cannot possible cope with this burden alone while Brussels refuses to compensate them. Let any country refuse to accept refugees and Brussels is quick to condemn them, but wont pay for them itself.

German Chancellor Angela Merkel is solely responsible for the refugee crisis. She is starting to be greeted with shouts of “traitor” by discontent German protesters. Nevertheless, Merkel continues to defend her decision to allow hundreds of thousands of refugees into the Germany.

Merkel only received 16,233,642 votes during the 2013 election which was  37.2% of the popular vote of Germany. So the majority of Germans are really not supporting Merkel. Because they get to form collation governments, that someone who received less that any President in the political history of the USA gets to run Euorpe. Even Donald Trump won  46.1% of the American popular vote. So someone who would never get into office under the USA system gets to dominate Europe.

Report: President Trump To Announce “Section 301” Trade Investigations Against China on Monday…


There have been multiple media reports in the last six hours that President Trump is going to announce trade investigation/sanctions against China during a press conference scheduled for Monday.

It makes sense the previously postponed 301 trade investigation against China for violations of intellectual property rights might be announced.

Section 301 of the Trade Act of 1974 provides the United States with the authority to enforce trade agreements, resolve trade disputes, and open foreign markets to U.S. goods and services. It is the principal statutory authority under which the United States may impose trade sanctions on foreign countries that either violate trade agreements or engage in other unfair trade practices. When negotiations to remove the offending trade practice fail, the United States may take action to raise import duties on the foreign country’s products as a means to rebalance lost concessions. (LINK)

However, a note of caution. Substantive trade negotiations, the kind which involve economics and national security, are always fluid and subject to pause, postponement or changes in direction based on compliance – or expressions of a willingness to comply.

Remember, this is Trump.  Looking out for U.S. economic interests is the baseline for trade “leverage”, a tactic and skill uniquely evident in this administration’s trade team.  Section 301 is a tool, actually a massive atomic sledgehammer, to force compliance.

Historically S-301 trade investigations are considered so scary to the receiving country that almost every nation just complies with USTR requests and the investigations became moot.  The sanctions which follow the 301 investigations are rarely needed.

When trade negotiations are carried out on behalf of lobbyist interests, there’s not much need for strategy and leverage. This is the historic reference for the U.S. in the past 30 years.

In the modern era, almost all U.S. trade agreements have been constructed for political benefit and special interest lobbyists, not necessarily tied to the U.S. economy.

The results of these decades-long special interest approaches are visibly evident across most of the U.S. rust belt states. Additional reference points can be found in the historic North-American Free Trade Agreement (NAFTA – Mexico/Canada), the Trans-Pacific Partnership (TPP – Asia), and Transatlantic Trade and Investment Partnership (TTIP – Europe).

Much to the angst of the lobbying team within the U.S. Chamber of Commerce, President Trump has dispatched both the TPP and TTIP schemes in favor of bilateral trade deals with individual nations; and NAFTA renegotiation starts next week.

Last night President Trump and Chinese President Xi Jinping held a previously scheduled phone call. No doubt the keenly instinctual negotiator President Trump would give the respect of advance notice to Xi Jinping if 301 investigations are going to be announced.

Again, what is often forgotten is that modern China has never seen the U.S. launch a 301 trade investigation against it, or anyone else.  China’s rise to economic power has been within two prior decades where prior U.S. administrations’ were selling out the American economy using the World Trade Organization (WTO), created in 1995.

This is why launching a series of 301 Trade Investigations is such a big deal.  The conclusions are drawn from facts, there’s no way to skewer the data or hide the tariff that China applies to U.S. goods.  If China applies a 35% import tariff on something, Section 301 allows the U.S. to apply the same tariff to the import of that something from China.

When you grasp how much this 301 equalizer can impact trade opponents, and recognize how one-sided our trade deals are with China, you begin to grasp how devastating it will be for China if 301’s are utilized.  This is atomic sledgehammer type unidirectional leverage.  China has nothing they can do, other than the silly threats they have already made.

Now you know why China is using North Korea as their only bargaining chip.

Even the announcement of deploying the S-301 investigations is enough to move markets once the young traders teach themselves what the end ramifications are.

WASHINGTON – […] The ordering of the investigation will not immediately impose sanctions but could lead to steep tariffs on Chinese goods. Trump has expressed frustration in recent months over what he sees as China’s unfair trade policies.

The closely watched announcement appears to have bipartisan support, although Democrats have accused Trump of not being tough enough on trade.

Trump suggested in comments to reporters on Thursday that he might be more lenient on China if officials take more aggressive action to stop North Korea from developing a nuclear weapon that could strike the United States. But it appears his longstanding frustration with China has remained.

Trump told reporters in New Jersey that he would call Chinese President Xi Jinping on Friday night to discuss North Korea. “We have been working very closely with China and with other countries,” he said.

The president was slated to announce the China trade action last week. But the announcement was delayed amid sensitive negotiations with China over the UN sanctions. (more)

BEIJING (Reuters) – The North Korean nuclear issue needs a peaceful resolution, Chinese President Xi Jinping told U.S. President Donald Trump in a telephone call on Saturday, and called on the “relevant side” to exercise restraint, state television said.

Xi told Trump that it was in the joint interests of both China and the United States to achieve the denuclearisation of the Korean peninsula and protect peace and stability there, state television said in a brief report.

“The relevant side must at present exercise restraint, and avoid words and actions that exacerbate tensions on the Korean peninsula,” the report paraphrased Xi as saying.

Resolving the nuclear issue ultimately needs to be done politically via talks, and China is willing to maintain communication with the United States on the basis of mutual respect to push for an appropriate resolution, Xi added.

Chinese state television cited Trump as telling Xi that he fully understands the role China has been playing on the North Korean nuclear issue. (link)

I bet he did…

And I bet he does.

The New Russian Conspiracy – Moving the North Pole to Freeze Europe


Believe it or not, the latest conspiracy brewing is that the Russians not only defeated Hillary, they have figured out how to shift the planet and weather and have manipulated the planet so that the North Pole is headed to London to freeze Europe so they will have to buy more gas, and they are creating a warmer climate in Siberia to exploit the natural resources there.

Well it is true that Europe is turning colder and government have invested so much into this Global Warming they cannot now admit that all this propaganda is just that – propaganda. And yes, Siberia is experiencing record warming. They are wearing bikinis in Siberia!

Obviously, the Russians have devised a way to shift the pole, reverse its direction in 2000, send it to Europe, and then made sure Hillary lost and Trump won the White House who knows what the Russians have so so that is why he is against the Global Warming propaganda since he too wants to sell gas to Europe as it freezes. They also wanted to see girls in bikinis in Siberia. That was also part of the conspiracy. Not sure where it ranked be it number one or number ten on the list of motives.

Great Conspiracy theory – those clever Russians. As long as Florida stays warm I’m OK with it a

Winning with Precise Words: A guide to understanding Islam


It is very difficult to have the right thoughts if you don’t have the right words. Almost all of the words used in talking about Islam are subjective. What do words like moderate Islam and radical Islam actually mean? They are subjective terms. We need to use the objective names that are found in the doctrine of Islam.
The logic and correct naming must come from Allah and Mohammed, the Koran and the Sunna, the Trilogy. Just as there are two Korans, Meccan and Medinan, there are two kinds of Islam and Muslim. Instead of moderate Islam/Muslim, it is Meccan Islam/Meccan Islam. Instead of radical Islam/Muslim, the correct name is Medinan Islam. Don’t say terrorist, say jihadist.

Don’t get involved with Islam, the religion, only deal with political Islam, the Islam for Kafirs.

Why Global Warming is Good


 

One of my greatest concerns with all this Global Warming nonsense is that nobody seems to ever plot weather against the rise and fall of civilization. When you do, you arrive at a strikingly different perspective of global warming. The greatest advancements in civilization have ALWAYS taken place during periods of global warming. When the temperatures drop, crops fail, death becomes widespread, and society seems to barricade itself in withdrawing from trade.

History is constantly being re-written as new discoveries are made, The global warming period that allowed the rise of Rome included the warming of the seas to the point that the Romans did sail to Canada where Roman swords have been discovered in addition to sending ambassadors to China.

The Minoan society began the Bronze Age. To make bronze, they needed tin. Low and behold, the Minoans traded with the British of Stonehenge Age period prior to 1650BC. They sailed into the Atlantic for trade giving birth to the Bronze Age. The money for trade consisted of bronze ingots cast into the shape of a sheep-skin with the four legs.

 

The fall of the Minoan Civilization coincided with the eruption of Thera (today known as Santorini). This destroyed their ships and commerce and allowed the barbarians, then the Greeks from Mycenae, to plunder their society and also that of Troy before collapsing into a Dark Age due to climate change and global cooling.

If the climate turns bitterly cold after 2032, there is not much we can do about it. The Earth will not obey any law passed by humankind. Global Warming is when civilization rises – it does not end.

 

German Secretary Economics Warns Low Interest Rates Have Failed


The German Secretary General of the Economic Council of the CDU, Wolfgang Steiger,  has highlighted the growing economic crisis in Europe. The negative interest rates of Draghi and the ECB have totally failed. He has pointed out that despite various EU stress tests for banks, time and again they continue to fail. He has stress himself that this does not strengthen the confidence in the rules or Europe. He has come out and bluntly states that ONLY reforms will work, not low interest rates.

We are looking at a very serious crisis unfolding in 2018. So get ready to rock-and-roll. We will be addressing this upcoming crisis in the EU at the July 22nd, 2017 German Seminar.

Chicago Police Pension Goes Bust


Chicago’s police pension fund won’t have enough money to pay benefits to retirees in 2021, according to a projection by Local Government Information Services (LGIS). At the end of 2020, LGIS estimates that the Policemen’s Annuity and Benefit Fund of Chicago will have less than $150 million in assets to pay $928 million promised to 14,133 retirees the following year.

This is the fate of state and local pension funds. There is a storm gathering on the horizon and of course these state and local governments will be raising taxes to try to stay afloat. The system is collapsing and it is totally unsustainable. This is the very same crisis that destroyed the Roman Empire.