Category Uncategorized

Jun 17 2017

Collision At Sea – U.S.S. Fitzgerald Collides With Cargo Container Ship ACX Crystal Off Coast of Japan…


Re-Posted from The Conservative Tree House on June 16, 2017 by

This is really odd in the extreme. Multiple human-factors, and technological safeguards, would need to fail simultaneously -on both vessels- in order for this catastrophic impact to have happened at sea.

Seven U.S. Navy crew members are missing and one injured after a U.S. Navy destroyer Fitzgerald collided at approximately 2:00am (local) Saturday morning with the merchant vessel ACX Crystal (Philippine Registry) off the coast of Japan.  All nautical vessels have been requested to respond for maritime search and recovery efforts.

Footage and images from the Japanese TV network NHK showed heavy damage to the mid-right side (starboard) of the USS Fitzgerald and less severe damage to the left side (port) of ACX Crystal. The Crystal is 29,060 tons (w/out cargo) and is 222.6 meters (730 feet) long.

The land-based equivalent of a freight train (Crystal) hitting a school bus (Fitzgerald). By all rough photographic appearances the port-side bow anchor of the Crystal impaled a portion of the Fitzgerald near starboard side amid-ship just below her bridge. Anyone on the deck of the Fitzgerald would have been thrown from her almost immediately.

There are multiple injuries aboard the Fitzgerald. The U.S. 7th Fleet said the number of injuries is still being determined.

The Japan Coast Guard said it received an emergency call from a Philippine-registered container ship ACX Crystal around 2:20 a.m. (1720 GMT Friday) that it had collided with the USS Fitzgerald southwest of Yokusuka, Japan.

Coast guard official Takeshi Aikawa said seven crew members are unaccounted for, and one had a head injury. Further details of his or her condition were not known.  Relatives of crew members were awaiting news of their loved ones.

“Of course we’re nervous and scared and just praying,” Rita Schrimsher said by telephone from Athens, Alabama.

Her grandson Jackson Schrimsher is a 23-year-old sailor aboard the USS Fitzgerald. She said she last communicated with him via Facebook messenger on Wednesday.

The Navy’s 7th Fleet said the ship experienced flooding in some areas and is heading back to Yokosuka. The fleet said the Fitzgerald has limited propulsion, and the ship suffered damage on the starboard side below the water line.

Aikawa said the US ship is partially flooded because of damage. So far no damage or injuries have been reported on the container ship, he said. NHK reported that the merchant ship had scratches on the left side of its bow.

The Philippine ship is 29,060 tons and is 222.6 meters (730 feet) long, the coast guard said.

The Navy said that the collision occurred 56 nautical miles southwest of Yokosuka, a city south of Tokyo that is home to the U.S. Navy’s 7th Fleet. A U.S. defense official said there is flooding in three compartments of the Fitzgerald.

The Fitzgerald is forward deployed to Yokosuka as part of the USS Ronald Reagan Strike Group. It took part in training near the Korean Peninsula last month involving ships from both the Reagan and USS Carl Vinson strike groups and the Japan Maritime Self-Defense Force.

The fleet said the USS Dewey, medical assistance and two Navy tugs were being dispatched as quickly as possible and that Naval aircraft were being readied to help. The Japan Coast Guard dispatched five patrol ships and an aircraft carrying medics to the site for search and rescue operations.

 

Jun 16 2017

Asst. U.S. Attorney General Rosenstein Warns America About Media Sources: “Do Not Trust Anonymous Officials”…


Re-Posted from The Conservative Tree House on June 15, 2017 by

I’ll keep pointing out the obvious.  Just like the previous battle in the intelligence community, there is a battle between Black Hats and White Hats within the U.S. Justice Department’s (FBI and DOJ) unelected career bureaucracy.

If you read the Washington Post report claiming President Trump was under investigation for Obstruction of Justice by Special Counsel Robert Mueller, you will immediately note the first paragraph was framed specifically around “Anonymous Officials“.  Again, tonight those same “anonymous officials” are mentioned in a Washington Post report claiming Jared Kushner is being investigated.

(Source Link)

There is a great deal of false and misleading MSM information; in addition to the layers upon layers of hand-wringing, speculation, and professional financially driven anxiety banter surrounding Special Counsel Mueller and his appointment by Rod Rosenstein.

All of the above said; and with a full appreciation for how the deep swamp creatures operate; and having watched the minutiae of how each element interacts with each additional element over multiple years; well, I just ain’t buying any of the popular talking points.

None of the chattering class punditry are taking a full accounting of the entire bigger picture within any of their arguments.   In short, they’re almost all getting it wrong, because: A.) their emphasis is on the wrong syllable; and, B.) they keep positioning the media narrative as accurate in part or in total.

The media lies in multiple ways.  Plausible deniability is a necessary ingredient in almost every media report. Those who operate within the DC deep state; those who scheme and benefit utilizing the manipulative outcomes of media, know exactly what to leak, when to leak, where to leak and who to leak, in order to present situations for their own interests.

Plausible Deniability.  EXAMPLE (notice the shift):

Now it becomes “May”?

The DC “Black Hats” are intensely skilled in the dark art of creating self-fulfilling prophecies.  Specifically because of this truism, almost all of the downstream reactions end up being pushed based on false assumptions.  It is challenging to inoculate yourself from the deceptions; but it is also necessary otherwise you are susceptible to their infection.

Former FBI Director James Comey (and his entire former team) is steeped in the dark arts of self-serving deception. It is a character trait necessary for life at the top of the food chain in the deep swamp.

As such, the fully developed Comey persona is necessarily devoid of any cognitive genetic composition which would frame compassion for anything, or anyone. Comey Inc. looks out for their own best interests. FIRST. FOREMOST. and ONLY.

As we previously discussed – The risk represented by Robert Mueller is not connected to or about anything surrounding the Russian Conspiracy Narrative; the legal risk is within ‘the leaking‘ of classified intelligence information to undermine the administration, the potentially illegal ‘unmasking‘.

If we avoid all the shiny things, ignore the shell game and reset our frame of reference to the only illegal activity currently known, the leaking; the main illegal activity visible is the illegal leaking of classified intelligence information.

Despite his earnest efforts, there is clear and mounting evidence that former FBI Director James Comey was the primary source of leaked information to the media. The latest Washington Post report is yet another example. The reporter for the Post article is one of a limited number (25) people whom James Comey follows on Twitter.

The risk to Comey Inc. from his media leaking continues to explain everything James Comey Inc. has recently done, said, advanced and CONTINUES TO ADVANCE.

If the evidence of James Comey being the source of multiple FBI leaks reaches the primary artery of investigative sunlight, who inside that investigative and prosecutorial decision making process becomes the risk? Answer that question and you discover the angle Comey is playing to cut off their ability to hold him accountable.

Special Counsel Robert Mueller, Attorney General Jeff Sessions, Asst AG Rod Rosenstein et al are the people Comey Inc. need to worry about, isolate and control.

It is not coincidental that Comey Inc. are setting up the future action of these participants to be politically motivated.

James Comey’s layer of innuendo against Jeff Sessions is an obvious strategy toward that end. If Comey can frame Sessions as retaliatory against him, he would position any legal action as retaliation.

Anyone who is buying into the story of James Comey leaking the memos to his friend, Daniel Richman, to get a special prosecutor appointed is falling for the shell game constructed entirely by James Comey. More than likely this is the explanation he has already given to Robert Mueller, hence his motive to state within his testimony.

It is important to remember that James Comey told congress he previously met with Robert Mueller to discuss his testimony prior to appearing before congress.

James Comey admitted to this specific “leaking”, because the justification to ‘get a special counsel appointed‘ is the explanatory storyline James Comey wants to present in public.

The alternate reason for leaking, the political motives, are much more damaging to him.

James Comey benefits two ways from his explanation. First, he justifies terrible behavior through a prism of his honor could find no other way (his status remains). Secondly, he sets up special counsel Mueller as fruit of a poisoned tree leading to voices calling for Mueller’s removal. Win/Win.

Comey Inc. also benefits from calls by Comey’s political opposition to eliminate Robert Mueller who is investigating the leaking.

Don’t fall for it.

James Comey is no longer in control of the investigative inputs or investigative outcomes.

Those whom Comey has injured, namely Attorney General Jeff Sessions and President Trump, are in positions where they can honestly and openly monitor the larger investigative inputs and follow the outcomes; they can also monitor the ongoing activity of Comey himself.

When someone of Comey’s inherent disposition is in a place like this, they initially seek to influence through direct contact (Comey talks to Mueller before testimony). However, when a professional distance is asserted, absent of an ability to engage in direct contact, the fall-back position for the manipulator is to influence the surrounding landscape (media an public opinion).

Never, ever, underestimate the severity or skill of a professional liar.

Never take anything Comey Inc. say at face value the way you would a disconnected observer.  Liars lie, it’s what they do.   Professional liars lie well, it’s what they’ve trained themselves to do.

If you accept the full hindsight of now identified FBI leaking, the greater likelihood is that Comey didn’t leak the memo to get Mueller appointed, he leaked the memo (May 16th) as an afterthought to cover for the leak mentioned by President Trump (May 12th), of a private conversation, that appeared in the New York Times on May 11th.

Remember, James Comey’s counter-intelligence investigation could have asked for a special counsel at any time. Asst. AG and Interim AG Sally Yates was part of that investigative leadership team. If Comey wanted a special counsel, Comey could have asked DOJ to appoint a special counsel any time he wanted.

He didn’t.

Comey didn’t request appointment of a special counsel because the special counsel would only prove there’s nothing there. However, fast forward to now and the real investigative risk is in being “a leaker”.

How quickly everyone forgets those admitted conversations by James Comey friend at Lawfare blog Benjamin Wittes:

“I did not know this particular fact, but it doesn’t surprise me at all. The principal source for the rest of this story is, well, me—specifically a long interview I gave to reporter Michael Schmidt on Friday about my conversations with FBI Director James Comey over the last few months, and particularly about one such conversation that took place on March 27 over lunch in Comey’s FBI office.” (link)

Benjamin Wittes admits that FBI Director James Comey specifically discussed with him the overall content of private communications with President Trump.

When you take the Wittes outline in conjuction with Comey’s admitted leaks to his other friend Daniel Richman, Comey is transparently in a position of being fingered as the source of multiple media leaks to NYT reporter Michael Schmidt.

That is the current risk for James Comey. The discovery that Comey was the leaker is the risk now represented by Robert Mueller and is inherent in Comey’s need to control the framework of his leaking activity.

James Comey was part of the political apparatus that constructed the “muh, vast Russian conspiracy” narrative and carefully nurtured it for over 8 months – even keeping congress in the dark on the entire matter. From James Comey perspective, the problem, the illegality, is now the leaking – NOT the original issue of the Russian election hacking narrative.

Remember, it was in FEBRUARY when the FBI (McCabe) went to President Trump’s Chief of Staff privately and told Reince Priebus there was no truth to media reports, based on FBI leaks, of FBI evidence showing Trump campaign officials involved with Russian officials regarding the 2016 election. It was all a complete nothingburger.

Details – On February 15th while discussing another issue FBI Assistant Director Andrew McCabe asked Reince for 5 minutes alone after the meeting. At the one-on-one meeting McCabe told Priebus the New York Times Russia and Trump campaign story was a “bunch of BS”.

Priebus asked McCabe if McCabe would be able to say that publicly and get the media off his back about a ridiculously false narrative. Asst. Director McCabe said he would check with his boss, FBI Director James Comey. Later, McCabe called back and said he couldn’t issue a statement about it.

reince-preibus-mccabe

Reince Priebus was simply asking for the FBI to give truthful information about the false reports to the public. The White House was asking Comey to deliver transparency.

Quote from the FBI to Priebus: “We’d love to help, but we can’t get into the position of making statements on every story”…

In hindsight, from current appearances, those February leaks (mentioned above) that drove the New York Times February report were actually leaks coming from James Comey.

Stop and think about it. McCabe was telling chief-of-staff Reince Priebus not to worry about a NYT report based on leaks coming (first, second or third-hand) from James Comey himself. Priebus asks McCabe for help, James Comey then tells McCabe the FBI cannot publicly refute the story which is based on Comey’s leaking.

If everyone associated with this line of inquiry can stop themselves from following the shell game constructed by Comey, and avoid the distractions he is laying down (Lynch), they’ll eventually find a way to point this out.

Jun 9 2017

Bank Stocks Have a Completely New Risk


Armstrong Economics Blog/Banking Crisis

RE-Posted Jun 9, 2017 by Martin Armstrong

Spain’s Banco Santander is paying €1 to take over troubled rival Banco Popular, in a deal that illustrates Europe’s new system to rescue failing banks without burdening taxpayers or stressing markets. This is being cheered around the world because the shareholders lost absolutely everything. The bank which was valued in the collapse at €1.6 billion was bought for €1. Forbes wrote:

“This is an excellent example of how the resolution of troubled banks should be done. The shareholders who employed the management which caused the problem lose all their money. The depositors, who were and are not responsible for the bank’s troubles, are protected. And we don’t end up with some great smouldering hole in the financial landscape where Popular used to be, we get new capital raised instead. Further, no taxpayer has been harmed in this operation.”

 

Santander said Wednesday it will take over all the shares in Banco Popular, which had lost more than half their value since last week as concerns grew about the lender’s financial health. It will raise around €7 billion in a share issue to strengthen Banco Popular’s balance sheet. This “takeover” was conducted in an auction sanctioned by European authorities after the main banking regulator in the Eurozone, the European Central Bank, said Tuesday that it believed Popular was “failing or likely to fail.”

This was the first time the ECB had pulled the plug on a bank since it was given new powers aimed at preventing the rescue of banks from overwhelming government finances. European leaders had all agreed to move banking supervision to the EU level. Hence, the ECB took over supervisory responsibility on in November 2014. The collapse was caused by €7.9 billion in non-performing assets, including €7.2 billion in real estate. Banco Popular shares fell about 38% last week and then another 20% this week, to 0.32 euros per share before regulators halted trading in its shares. The bank had 305,152 shareholders as of the end of March.

The sale is “in the public interest as it protects all depositors of Banco Popular and ensures financial stability,” said the European agency that manages failing banks in the 19-country Eurozone, of which Spain is a member. The Spanish government had previously ruled out bailing the bank with taxpayers’ money. The Spanish Economy minister Luis de Guindos said the sale was “a good outcome” given the shortfall of the lender over the past weeks. He added that this takeover “ensures the maximum protection for depositors and the continuity of the bank’s activity.”

So now comes the €64 trillion question. If government will not bailout banks, then eradicating all value to shareholders attaches a completely new kind of risk to shareholders. If they were investors in a manufacturing company that went bust, the assets would go into bankruptcy and there would be a realistic sale of assets.  What has just taken place is that if the net asset value of the bank, its own building, property etc., were say even 20% of the share value, then the shareholder face a 100% loss in bank stocks compared to any other share investment. That leaves one poignant question? Why buy bank stocks at all?

A new risk has just been created. Instead of a bailout loan to bridge liquidity problems as was the case with the original elastic money development of the Clearing House certificates during the 19th century, we now have no government support for which elastic money was invested and bank shareholder are subject to total usurpation of their assets and denied the normal property rights attributed to a free society. The “elastic money” is now central banks trying to “stimulate” the economy solely by means of purchasing government debt.

Something is seriously wrong in the development. Shareholders rarely have full transparency in bank management to be able to make prudent and informed investment decisions. Welcome to the new crisis created by yet another solution.

May 22 2017

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


Re-Posted from The Conservative Tree House on May 22, 2017 by

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.

Advertisements
May 21 2017

BitCoin – Criminals – Authorities


Armstrong Economics Blog/Politics

Posted May 21, 2017 by Martin Armstrong

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

May 20 2017

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


Re-Posted from The Conservative Tree House on May 20, 2017 by

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

Update: Video Added

.

.

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

 

Livestream link

May 18 2017

Mutual Funds versus ETF’S


Armstrong Economics Blog/Basic Concepts

Re-Posted May 18, 2017 by Martin Armstrong

 

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.

Categories: Basic Concepts
May 14 2017

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.
May 1 2017

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


Re-Posted from the Conservative Tree House on April 30, 2017 by

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

Apr 29 2017

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


Armstrong Economics Blog/War

Re-Posted Apr 29, 2017 by Martin Armstrong

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.