Historic – President Trump and Family Visit Jerusalem’s Western Wall…


Together with his family and diplomatic team, U.S. President Donald Trump became the first president to visit Jerusalem’s Western Wall on Monday.  President Trump stood before the holiest place where Jews are permitted to pray before inserting a note between the monumental stones.

President Trump and First Lady Melania Trump were accompanied by the Rabbi of the Western Wall, Shmuel Rabinowitz, who said on Israel Radio that he recited two psalms with the U.S. leader. One of them, Psalm 122, speaks of Jerusalem as a “city that is united together”.

The president was also joined on the visit by his daughter Ivanka and son-in-law, Jared Kushner, an Orthodox Jew who went to the wall shortly after Trump and said prayers. Both Kushner and Trump wore black kippahs, the skull caps worn by religious Jews and by others as a mark of respect.

As President Trump and Jared Kushner visited the area of the wall set aside for men, First Lady Melania Trump and First Daughter Ivanka, Kushner’s wife, visited a separate nearby section where women are allowed to pray.

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BitCoin – Criminals – Authorities


QUESTION: Marty,

In light of the recent ransomware attacks where individuals/companies are being held hostage until they pay the criminals in bitcoins, why wouldn’t governments around the globe step in and just shut down Bitcoin.   It amazes me.  Bitcoin allows people to sell everything from drugs to trade secrets on Wall Street  and they do this without having to even pay taxes on it!    What’s going on behind the scene that allows this operation to continue?

MM

ANSWER: My guess is they are doing the same as tax straddles during the 70s. They knew what was going on and let it run and then fined everybody with interest and penalties. Incidents like this do not bode well for BitCoin and authorities going forward. Way too easy for a politicians to make a big issue out of it. They are already coining the phrase “cash is for criminals” so it would be easy to swap out a word here and ther

President Trump Arrives for Royal Banquet at Murabba Palace – Video: T-Rex and Wilburine Dancing With Sabers…


The size and scale of the pageantry is directly related to the scope of expressed respect.

Update: Video Added

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A good day simply becomes a great day when you get to see T-Rex and Wilburine dancing with sabers.

 

Livestream link

Mutual Funds versus ETF’S


 

People are waking-up to the fact that they can substitute the expensive Asset Manager fees by doing it themselves. There are many ways but here we distinguish between Mutual Funds (MT) and ETF’s (Exchange Traded Funds). When buying into a MF it is via a company such as Blackrock, Vanguard, State Street etc. and they either execute the trade themselves or via a brokerage company. You are then part of a pool of money that tracks the underlying performance of the asset class. You are priced at the net asset value of the fund at the close of business that day. There is a bid/offer spread to the fund and typically a holding period with penalty for early redemption. ETF’s on the other hand are similar to a single name stock/Index/Municipal Bond etc. are traded directly on the exchange but bears no holding period. ETF’s attempt to track the net asset value of the underlying and are typically following an index; such at the S+P. One key difference is the cost – ETF’s are usually a lot cheaper to trade but on the other hand can be considerably riskier.

The growth of this type of self-investing has been huge. At the end of 2016 it is estimated the global ETF market was around $2,775bn (ICI data) with over 1,700 ETF listed. There are also rumoured to be around 79,000 Mutual Funds in the world, with just 7,900 in the Sates. However, much of the market size is dominated with in the US accounting for over 60% of the entire market value.

Growth rate into MF and ETF’s has only just stalled (in the US) but that could be because the US has such a dominant role and if considering the level of the overall stock market. Assets roughly stand around $16trn having been rising by over 12% pa since 1965 (according to Investment Company Institute). Although we are seeing a levelling-off in the US market we continue to see growth for less developed market and especially in Asia. The growth in India, for example, it is reported that Asset Management Companies grew AUM by 30% (reported by Value Research) over the past 18 months.

There could be several factors influencing recent trends. The mainstream players are facing a contracting market. This could be due to the absolute level (contract highs) and competition on fees. Clients are also becoming more financially aware, millennials are more socially astute with technology playing a huge role but also local emerging market players have started to reclaim their markets. This could be one of the reasons why GIC (Singapore sovereign wealth fund) is offering 2.4% stake in UBS; because of the increased competition from local funds in their own domestic market. UBS currently plays a dominant role within Asia for wealth management so it should not be a surprise that local companies are making a play to regain lost territory.

If I Were the Devil by PAUL HARVEY


Do you remember the ABC radio commentator Paul Harvey?  Millions of Americans listened to his programs which were broadcast over 1,200 radio stations nationwide.

When you  listen to this amazing prediction, remember the commentary was broadcast 52 years ago on April 3, 1965.

Report: Shutdown Averted – Spending Deal Reached – $1.070 Trillion…


Congressional negotiators have reached an agreement on a gap budget to operate the federal government through September 30th, the end of fiscal year 2017.

According to some summary information the bridge spending bill is $1.070 trillion for the remaining five months of fiscal year 2017.

The budget allows for $1.5 billion for border security, but does not direct funds specifically for the U.S. Mexico border wall.  Additionally the budget provides $15 billion for military spending.  The National Institutes of Health will gain $2 billion toward medical research and community development grants, and extends health insurance benefits for coal miners.

The catchall spending bill was required because there is no annual budget in place and congress has not operated with a federal budget since fiscal year 2008.  President Trump has proposed a fiscal year 2018 budget and congress will be debating that spending proposal over the summer.  Fiscal Year 2018 begins October 1st.

New York Times report HERE

Kim Jong-un The Kid Whose Father Never Spanked – Why 2017 Is The Crisis Year For Korea


Kim Jong Un

QUESTION: Kim Jong-un is clearly a mad-kid, not even a man. You have said the danger with him is he thinks he could actually win against the United States and South Korea. Now Trump want’s South Korea to pay $1 billion for a missile defense system. That does not seem to be a lot of money these days. Would it have any impact on this kid who seems to have never been spanked?

Thanks

YG

ANSWER: I agree. Kim Jong-un is just insane. He is far more dangerous than Syria or Putin. You have to understand 2017 is the start of an increased volatility with Korea – 72 years from the birth of North Korea. Kim Jong-un is very desperate to maintain control of his country for the economic internally are going against him all the way into 2020. The only way for him to maintain his rule right now is by relying on his development of nuclear weapons and intercontinental ballistic missiles. But this is the external paranoia. The danger he faces is internal.

It really depends upon the second-tier of command. If we move to a state of war being eminent, will someone step up and assassinate him to save their country? At least as they tried with Hitler. However, it is the wave of deflation that is even hitting China that become a contagion spreading to North Korea. That economy is contracting and with that contraction comes more rhetoric because he is losing his grip on power. He is not doing this boasting from a position of strength. This is a position of weakness.

Missile defense systems are fine, but honestly just one Ohio-class submarine will do the job. We have the ultimate doomsday weapon already. Kim Jong-un perhaps should do some research. But the boasts are coming from weakness – not strength. One does not boast in a position on strength. You do that to convince the other party you are stronger than you are.

The Ohio-class submarines are armed with twenty-four Trident II D5 ballistic missiles. These weapons have a range of 7,000 miles and are capable of very accurate strikes, which means they can be a first-strike weapon. These twenty-four Trident II ballistic missiles can be fired from underwater. As this missile reenters the atmosphere at speeds of up to Mach 24, it then splits into up to eight independent reentry vehicles each with a separate nuclear warhead. In other words, firing off all 24 missiles which can be launched in less than one minute, would unleash up to 192 nuclear warheads. Just one Ohio-class sub can wipe out  twenty-four cities and North Korea is gone. This is a real weapon of the apocalypse.

The whole logic of nuclear deterrence has been that a first strike could wipe out a country’s land-based missiles and nuclear bombers. This sub has missiles that are not pretargeted so they can be targeted within minutes as needed. Therefore, the Ohio-class subs are the ultimate doomsday machine firing a battery of ballistic-missiles that can take out 24 targets in minutes. There is no stopping these missiles. They are too fast to track. The deterrent remains that there is no victory so we do not go to nuclear war.

Anyone with any sense of reality, ought to know that if North Korea can make its intercontinental missile so it can hit the USA, there is no possible way North Korea would be able to prevent a launch from just one Ohio-class sub. This is a deterrent to Russia and China, it does not seem to be effective with North Korea. So yes, he is a madman who acts like a spoiled kid in need of a spanking. His latest statement:

“Should the US imperialists and the south Korean puppet forces open even a single fire into the inviolable territorial land, waters and air of the DPRK, its revolutionary armed forces will promptly mount annihilating strike and wipe out the aggressors to the last man.”

Kim Jong-un is clearly incapable of building an economy. He prefers to starve his people and be draconian to hold on to power for personal ego. Traditionally, throughout history, such people are overthrown by their own generals. When there is the slightest sign of weakness, Kim Jong-un will be assassinated, which is what history suggests for the reason it repeats is simply that the passions of man never change. It’s always the same play, just change the names and the century.

When Korea was split in 1945 into communist North against the South, the terrain has always dictated the situation. About 65% of Korea’s heavy industry was located in the north, but, due to the harshness of the terrain, only 37% of its agriculture existed in the North. This is why the North often has bouts with famine.

ECM-Dynamic

I have warned that the Economic Confidence Model has three distinct components. There is the main wave frequency based upon Pi of 8.6 years which builds into 6 waves forming the major wave of 51.6 years which seems to be the generational shifting wave that manifests in political changes between public and private trends.

Then there is the volatility wave component. This is what causes one 8.6 year wave to be more pronounce than another. The volatility component has a frequency of 6 years which is a slower moving wave taking 12 unit waves to build into the ultimate volatility peaks.

The Schema Frequency I do not reveal. To put this in context, it is the DNA wave of a coded pattern throughout time. This will be the last thing I ever reveal if I decide to do so. The jury is still out.

On August 8th, 1945 (1945.602), the Soviet Union declared war on Japan. Soviet troops advanced and the US government feared Russia would occupy the whole of Korea. On August 10th, the US government proposed the 38th parallel division.

Therefore, the 72 year of volatility comes now this summer – 2017.602. The 51.6 year cycle from 1945 (1997.202) marked the start with the 1997 Asian Currency Crisis. Then the next 8.6 year wave marked the turning up in the war cycle – 2014.402. Kim Jong-un became the Supreme Leader on December 28th, 2011 (2011.991). North Korea says it has conducted five successful nuclear tests: in 2006, 2009, 2013 and in January and September 2016. The 2006, 2009 and 2013 tests were all atomic bomb tests. North Korea claimed that its January 2016 test was of a hydrogen bomb. There was a change in development since Kim Jong-un came to power. He may have medium-range missiles capable of striking American military bases in the Pacific within a couple years, experts say, but he is claiming he will be able to strike the USA directly. Some believe Pyongyang may be able to hit the western U.S. as early as 2020. With this guy, Hollywood would probably be a symbolic target for him. He does not think beyond symbols like the World Trade Center was not a military or economic target, it was symbolic.

 

BREAKING: NAFTA Call With President Trump, President Nieto (Mexico) and PM Trudeau (Canada)


Art of the deal glaringly visible in less than one-half of a single day’s media cycle.  Simply amazing.  These phone calls are also further evidence of how much leverage the U.S. carries in the entire NAFTA Trade construct.  [White House Press Release]

Readout of President Donald J. Trump’s Call With President Peña Nieto of Mexico and Prime Minister Trudeau of Canada

Late this afternoon, President Donald J. Trump spoke with both President Peña Nieto of Mexico and Prime Minister Trudeau of Canada.  Both conversations were pleasant and productive.

President Trump agreed not to terminate NAFTA at this time and the leaders agreed to proceed swiftly, according to their required internal procedures, to enable the renegotiation of the NAFTA deal to the benefit of all three countries.

President Trump said: “it is my privilege to bring NAFTA up to date through renegotiation. It is an honor to deal with both President Nieto and Prime Minister Trudeau, and I believe that the end result will make all three countries stronger and better.”   ###

 

Le Pen Seeks to Broaden Her Support


2017 Election

French Presidential candidate Marine Le Pen says she is temporarily stepping down as head of her National Front party. She is still in the race, just attempting to distance herself a bit more from her party to broaden her appeal. The May 7 run-off between herself and Emmanuel Macron, will be interesting for it is a test of how strong the populist movement has become.

People who think “populist” is a particular philosophy are seriously wrong. It was a “populist” movement that put FDR in the White House in 1933. It also put into power Lenin, Hitler and Mao. “Populist” is effective the label applied to any movement Indeed, FDR actually did embrace many elements of fascism, which differs from communism insofar as it supported worker unions and the ownership of business run by the workers. The Populist movement was in fact Marxism during the late 19th century, which manifested into Communism, fascism, and socialism. All three were constructed upon a strong central power of government to different degrees.

“Populist Movements are not particularly a single right or left philosophy. The term is applied to effectively an anti-establishment movement against the status quo.

Le Pen said “Tonight, I am no longer the president of the National Front. I am the presidential candidate,” on French public television news. She hopes that by distancing herself from the party founded by her father in 1972, more people will reach out to her for real change in France. Le Pen hopes to tap into the Eurosceptic and protectionist voters in other parties. The underling trend is certainly anti-EU throughout all of Europe to varying degrees.

Macron is the favorite of Brussels and all the politicians nobody wants to vote for, so what does that really tell you? All the politicians are cheering only because they do not want any real change. They like everything as is – thank you very much they say off camera. But Macron is really out there in la la land. Those who think Trump says some crazy stuff, should turn and look at Macron. How about these!

“I’ve always accepted the vertical dimension, of transcendence, but, at the same time, it has to be utterly anchored in the immanent, in the material.”

Ok, not sure what that means at all. How about this one!

“We all have our roots. And because we all do, there are trees next to us, there are rivers, there are fish. There are brothers and sisters …”

Ok roots and trees go together. What about the rivers and fish? Brothers and sisters is family. Does everyone come from fish out of the river?

If he will be the new face of France, I would probably want to double short the Euro when the cycle changes.

Vice President Pence Visits USS Ronald Reagan (Video)…