Category Wall Street

Mar 24 2022

Government ALWAYS Act in their Own Self-Interest


Armstrong Economics Blog/Banking Crisis Re-Posted Mar 23, 2022 by Martin Armstrong

QUESTION: Hello Martin,

Hope your doing well, you spoke about keeping some money, outside of banks, do you see sterling paper money being cancelled by the bank of england, as they have already cancelled old £5/£10/£20/£50 and £1 coins, you have to bring them to the bank an exchange for new plastic type paper currency,my question is if you have some set aside do you think they would cancel outright or would they make you declare, if things get sticky, or would you be safer keeping in bank, for there is some insurance scheme up to £75 0r £85k, one named account, not that would effect me in the amounts, can you advise should I maybe bring some US dollars into piggy bank, much obliged, for your help will go towards helping my parents/family extended family circle, I just buried my mother a week ago, so my dad’s a bit all over the place, he has a few £1000’s, has difficulty putting money in banks/post office and questions and restrictions getting money out, they shut the last bank down in November, he lives in a town of 10,000 pop, has to travel to the city, not up to that now, any insight would be gratefully appreciated.he lives in the north of Ireland.
EP

ANSWER: Britain does cancel its currency. That allows the government to take that direction. The difference with the US dollar is that it has never been canceled and it would take an Act of Congress. Trudeau is Canada interestingly passed an Act to give him the authority to cancel paper ,oney. He did cancel the old notes as well.

While the US replaced the $100 bill, the old one is still valid. Since 70% of the US paper dollars reside outside the USA for they are the hedge against various governments, the Democrats would love to cancel the currencies following the same Marxist agenda that cash is EVIL.

In this atmosphere where Biden just reads the teleprompter and there are serious concerns in DC about his mental ability going forward, this means we really do NOT know who is running the show. All I can say is that demands, policies, and tactics are the hallmark of Neocons.  They have achieved their dream of controlling the White House. They have never allowed a day to go by without plotting how to conquer the world.

Unfortunately, The British pound is called “sterling” meaning it was once one power of sterling silver. Even in 1953, Britain had abandoned silver in its coinage. They struck coins in Cupro-Nickel. So it is hard to do the same as an American can do, hoard the old pre-1965 silver coins. When Roosevelt confiscated gold during 1934, that meant whatever you had on deposit in a bank was taken. He did not go door to door searching for gold coins. So keep that in mind that the banks will do whatever they are ordered to do. They are not on your side. They must be loyal to the state to retain their license.

You may want to look at British sovereigns, which are just under a quarter ounce of gold. Just keep it to the common dates, circulated is fine. You are not looking to be a rare coin collector. At least when Germany was going through its hyperinflation, people were able to hoard foreign currencies as well as tangible assets that included land, art, rare coins and stamps, and even old cars. Anything that is not relying on government and is not in some official storage that the government can seize. For they will also act ALWAYS in their own self interest.

Mar 24 2022

Zelensky Keeps Trying to Create WWIII


Armstrong Economics Blog/Ukraine Re-Posted Mar 23, 2022 by Martin Armstrong

QUESTION #1: When I read today that while addressing the Italian Parliament, Zelensky reported that the Russians were “capturing and torturing children” my propaganda antenna went up and the BS detector went off. If true, that is atrocious and a war crime. Putin is crazy but that seems hard to fathom. It would seem like good propaganda for Zelensky to use to prompt NATO to get involved (which as you have noted repeatedly would surely start WW III). Maybe it is Zelensky’s Hail Mary pass?

Anyway, what were your thoughts when this was reported and what do you hear from your Ukrainian sources on this topic? Is this true?

RW

QUESTION #2: Marty, I find it amazing that your computer pinpoint Ukraine back in 2013. But you also said when this started that it would not be a quick in and out event. Then you said it was Zelensky who would create World War III. OK. I watched Zelensky address the Italian Parliament. He said Russian were torturing children. He is trying to paint Russians as animals. Zelensky keeps saying a lot of shit and it is all to send the world into war that will be nuclear. This man is pure evil. Do you have any timeline worked out yet?

RG

QUESTION #3: How can the West support Ukraine when you have doctors ordering that Russian soldiers who are prisoners of war should be castrated? I’m sorry. But I see this as the pot calling the kettle black.

OP

COMMENT #4: Zelensky Says He Wants Talks With Putin, Failure Means ‘Third World War’My Comment: No, it doesn’t Zelensky.
What it means is a Third World War of Words and Pictures equal to failure-failure. It’s a ‘Vietnam’ of no win-win for both.I watched the CNN GPS Zelensky interview too and was aghast at the war commercial produced by Zelensky’s ‘Dogs of War’ to romanticize and legitimize his demagoguery. It reminded me of the 1984 Apple commercial. Zelensky’s commercial is embellished with platitudes that reveal the naïve approach he’s taken with Ukraine and the lives of innocent Ukrainians. The mind behind the “The Third World War” scapegoat.There won’t be any last man standing to credit with victory. There will only be repentance and regret that you Zelensky broke faith with established agreements. Anyone who encourages Zelensky in this kind behaviour encourages a man who believes he’s more than what he is.….

I read the Toronto Star’s Saturday March 19, 2022 Edition, Front Page article ‘What drove them” by Justin Ling.

My Comment: Referring to ‘Klaus Schwab/WEF’ as a conspiracy theory brings into question the rest of what has been written in the article including Justin Ling’s ability to understand what he is writing about. ‘Klaus Schwab/WEF’ is not a conspiracy. It’s a fact. To use a newsie phrase from the past “READ ALL ABOUT IT!” It’s all there in plain sight to read and understand.

COMMENT #5: The madman is not Putin, it is Zelensky. Why should this man sacrifice my family here in Ohio for his hatred of Russians? If anyone should be assassinated, it is Zelensky to save the world.

KH

COMMENT #6: I could never fully understand why Americans hated Russia so much. In 1991, when I was 17 years old, a senior in high school, I traveled to Russia with a group of classmates in my economics class just as the USSR fell. I actually saw them change the flag from USSR to Russia. I remembered thinking this must be an important moment to witness in history.I never felt threatened while there. And I was very intrigued by the Russian winter swimmers called “walruses” who would swim in the ice cold water. They would practice all year in ice-cold baths, and I thought to myself wow, that really takes a lot of discipline to do that.

The Hermitage museum was absolutely gorgeous with the malachite columns and gold-leafed crown molding. We visited many major tourist destinations such as St Basil Cathedral, the Hermitage Museum, Moscow, saw Swan Lake, and ate at restaurants.  We stayed through New Years and because Russia at that time did not have an age-limit for drinking that served us copious amounts of vodka that my classmates happily drank and got drunk. I stayed sober…was not interested in getting drunk or drinking vodka, but it was interesting to see this American teenagers celebrating New Years in Russia.

Even though I think we saw probably the best parts of Russia, I felt Russia was a poor country when we visited. A few young children ran up to us begging for money, and there was just a lack of variety of foods to eat and things to buy at the shopping malls. Remnants of a communist country. Moscow was so bland and stark. And it was very cold, but I bought a Russian wool hat, which I loved wearing around. It was so warm!

Ever since then I followed Russia on and off, and with the fall of communism there it was very interesting to see their change and development in the arts and culture. I liked Maria Sharapova, tennis player, and I befriended a Korean-Russian while I lived in Korea during 1998. She was a Russian-born Korean and only spoke Russian and Korean. Fascinating to meet someone like that.

I thought it was always the idea of communism versus capitalism that Americans were at odds with, that Americans were in favor of freedom and democracy. I understand you, it is tragic to see what is happening in America. Americans really are no longer to good guys today with the election fraud. When Joe Biden took office, I literally cried (shed tears).

But you know, the sun comes up every day and when the sun shines, I feel happy. I try to do my part and not hate Russians. I find the country interesting. It is hard to see the other side when there is so much propaganda. Thank you for sharing your knowledge and insights on what is going on in the world. You do so much good. Your thoughts are very much needed in today’s world.

Thank you.
SH

COMMENT #7: Now Biden is out saying the US must lead the new world order. Someone had better arrest the people writing these words he is reading.

DF

ANSWER: I am sorry, but Zelensky is an actor who even played a president. He was hired to bring the world to war and has done NOTHING that he promised to get elected. The audacity to claim he should get the Noble Peace Prize is just propaganda when he has put not just Ukraine at risk, but the world for insisting on joining NATO in violation of the Belgrade Agreement, and then refusing to allow Donbass to hold elections while claiming Putin is against democracy is the ultimate hypocrisy.

Claiming Russians are torturing children is just over the top. Nobody, even Hitler, Napoleon, Stalin, or the Genghis Khan has ever tortured little children. Then for the Ukrainian doctor to order Russian prisoners should be castrated is a violation of every convention on war and confirm the hatred of Ukrainian Nazis to just exterminate Russians is alive and well.

It is this hatred that Zelensky is pouring out to the whole world that they are now even removing Yuri Gagarin’s (1934 – 1968)  name from history as the first man in space because he was Russian? He died in 1968. This is the real evil – raw hatred being created by this actor. When the final chapter is written, it is Zelensky who has torn the world apart deliberately. He keeps threatening World War III because of his hatred of all Russians which is why he refuses to allow the Donbass to separate.

Zelensky has sacrificed his own people for his hatred of Russian people and this deliberate absurd position of joining NATO and refusing to allow the Donbass to become an independent republic. Ukraine was merely a border drawn during the Soviet Union. This is not even about the sovereignty of a nation. Neither Crimea nor Donbass are occupied by Ukrainians – they have always been ethnically Russian.

Many in Ukraine feel Zelensky is a puppet of the CIA, WEF, or the Ukrainian Nazis depending upon who you talk to. What is clear, he has done nothing to prevent war and does appear to exaggerate everything constantly threatening World War III to create it. He wants to engulf the entire world because of his hatred of Russians – not Putin alone.

Those who support Zelensky should take a look at their children. Are you prepared to see them killed and their future destroyed for this actor in high heels pretending to be a world leader?

Mar 24 2022

The Destination of the Handbasket


Posted originally on the conservative tree house on March 23, 2022

A promoted video from the BlackRock investment group delivers a single point amid a multitude of points that may help clarify exactly where this handbasket is heading.

Notice, the key phrase right at the beginning of this promotional video, “many prize experiences above possessions.”  Compare that statement to, “you will own nothing and be happy.”  Notice the similarity?

https://youtube.com/watch?v=pbIITBzSN-Q%3Ffeature%3Doembed

BlackRock and the ever-mysterious Vanguard are the largest financial institutions in the world, with investment assets under management that far exceed the GDP of every country.  They are, quite frankly, the vault behind the World Economic Forum, and combined they hold sway in almost everything that happens in the geopolitical world.

As we look at the speed of our increasingly changing world, it is important to remember two key phrases CTH often repeats. First, ‘there are trillions at stake’, and second, ‘everything that happens is about the economics.’

If we stand back and look at the activity, not the expressed ideological framework, but the actual reality of what BlackRock is doing – amid a world where they are purchasing physical assets at an astonishing rate – something does become clearer.

While BlackRock is espousing a world where people “prize experiences above possessions”, and they position themselves as an investment group to finance and profit from that worldview, at the same time BlackRock itself is purchasing physical assets (lots of real estate) for themselves.

Stand back and look at the biggest of the big pictures.

A Build Back Better society, or “great reset”, is factually underway as triggered by the gateway of SARS-CoV-2 and the massive spending by western nations to subsidize the lockdowns, shut-downs, economic closures and forced unemployment.

Global inflation is being driven not only by the American spending spree, but also by the massive government spending programs of the EU, U.K, New Zealand, Australia, Canada and many western nations.

The bills for those subsidies and bailouts are due.  The labor of the citizens is going to have to pay those bills, while simultaneously we deal with inflation and massive debt balances on all nations’ balance sheets.

Into this mix comes the very real possibility of a declining U.S. trade dollar, as a result of geopolitical conflict between the west and Russia, China, Iran and OPEC in the geography of Ukraine.   The financial sanctions by NATO and western allies have factually created a rift in currency exchange valuations.

As the proverbial west hammers those sanctions even harder and more deliberately, what they are doing is creating a stronger and greater likelihood that the dollar will be removed as the global trade currency, and we will enter a phase where two sets of nations exist:

One set of nations will run their economy on oil, gas and fossil fuels.  The other set of nations will be focused on running their economic engine on the premise of sustainability, or renewable energy.

The sanctions toward Russia actually help to drive this chasm even wider.

To me, this looks entirely purposeful – done by specific intent and design.

Two world groupings.  One group, oil-based energy (traditional) – let’s label them the RED GROUP; and one group GREEN energy (the build back better plan).  It is not accidental these two groups hold similar internal geopolitical views and perspectives.

♦ The important part to see is… there are going to be two sets of nations with two structurally different economies. A red group and a green group.

These two groups are going to end up in competition with each other.  It is as inevitable as sunrise, if you can see this cleaving I am talking about.

Now, think about the economic system of trade that exists between the Red and Green groups.  There has to be a way for them to exchange value if they are going to purchase from and sell to each other.

Additionally, and this is *key*, the Red group is going to have a strong strategic advantage in production costs.  The Red group is going to be using oil, coal and gas (fossil fuels), which are abundant, cheap and the infrastructure is already in place.

The Green group is going to be at a strong disadvantage, at least for a generation or two, as the costs associated with the production of goods and systems is going to be much more expensive to operate, as the transition into Build Back Better sustainable or renewable energy takes place.

In the macro view, stuff from the Red group is going to be cheap.  The exact same stuff from the Green group is going to be more expensive.

If you are still with me, hopefully, you can see how this is all coming together.

♦ The western debt incurred during COVID-19 is a problem.  However, this debt diminishes with inflation.  A $20 trillion debt is not as big a problem when bread costs $100/loaf and people are earning $50,000 a month.   The Green group is entering into this position.  In this position, the BlackRock approach of physical ownership of real estate and physical stuff is way more important than holding money or dollars which will immediately lose value.  Physical ownership of stuff is important.

♦ It is likely, based on the economic alignment, the Green group will be forced to assemble under one currency (set of financial valuations), and the Red group will then assemble under their own currency (set of financial valuations).  My hunch is the western group (green) will use a digital currency.

Once both sets of currencies are established, then trade between the Red group and Green group can be determined based on a central valuation done by, say, The World Bank.   In the Red group, a 20″ tire is worth 100 red bucks.  In the Green group, a 20″ tire is worth 150 digital green bucks.  Two vaults and two exchanges.

In order for all of this to come together, the population needs to be shifted in their perspective of money and material value.   That takes us back to where this conversation started: “owning nothing and being happy” is akin to “prizing experiences over possessions.”

The Western (green) financial mega-system operators are going to own the physical assets, and the people will live under that ownership.  In the Red group, that system -essentially- already exists.

Mar 24 2022

Former Secretary of State Madeleine Albright, Dead


Posted originally on the conservative tree house on March 23, 2022 

Secretary Albright was a champion for the New World Order and worked as U.S. ambassador to the UN from 1993-1997 (President Bill Clinton).  She was then nominated and confirmed as the first female U.S. Secretary of State from 1997-2001.  She’s dead. Cancer.

(Albright – Details Here)

Mar 24 2022

Newsweek Shift – Maybe Putin Not So Bad, He Could Devastate Ukraine, but Putin Is Holding Back


Posted originally on the conservative tree house on March 23, 2022

Well, this is weird.  After weeks of the horrible Putin narrative, Newsweek softens the tone, perhaps sees a larger landscape where Russia is working strategically though a plan and says, “Putin’s Bombers Could Devastate Ukraine but He’s Holding Back.”  Wait, what?

According to the anonymous Newsweek sources – intelligence officials who fear speaking publicly for fear of severe repercussions – it would be very easy for Vladimir Putin to level the key cities and industries in Ukraine, but he’s not doing it.

The strategy Newsweek is seemingly beginning to admit is the same strategy Col Douglas Macgregor has been speaking about.

(Newsweek) – As destructive as the Ukraine war is, Russia is causing less damage and killing fewer civilians than it could, U.S. intelligence experts say.

Russia’s conduct in the brutal war tells a different story than the widely accepted view that Vladimir Putin is intent on demolishing Ukraine and inflicting maximum civilian damage—and it reveals the Russian leader’s strategic balancing act. […] Understanding the thinking behind Russia’s limited attacks could help map a path towards peace, experts say.

In nearly a month since Russia invaded, dozens of Ukrainian cities and towns have fallen, and the fight over the country’s largest cities continues. United Nations human rights specialists say that some 900 civilians have died in the fighting (U.S. intelligence puts that number at least five times UN estimates). About 6.5 million Ukrainians have also become internally displaced (15 percent of the entire population), half of them leaving the country to find safety.

“The destruction is massive,” a senior analyst working at the Defense Intelligence Agency (DIA) tells Newsweek, “especially when compared with what Europeans and Americans are used to seeing.”

But, the analyst says, the damage associated with a contested ground war involving peer opponents shouldn’t blind people to what is really happening. (The analyst requested anonymity in order to speak about classified matters.) “The heart of Kyiv has barely been touched. And almost all of the long-range strikes have been aimed at military targets.” (read more)

What the article boils down to is an acceptance, albeit couched in the U.S/NATO narrative, that Vladimir Putin is working through a careful and methodical plan to eliminate –with extreme prejudice– one severe faction of the Ukraine military (Azov battalion Nazis), and yet carefully and surgically leave intact the areas of greatest population.

The capture of Ukraine, with as little damage as possible, while eliminating the elements with the connections to western government manipulation, appears to be the process.   This, in addition to the removal of the Zelenskyy government, is what Macgregor has been pointing out from the beginning.

Putin seemingly plans to rebuild most of eastern Ukraine (closest to Russia) where a civil war has been ongoing for over a decade. That region is also the location of the most ultranationalist of the Ukraine forces, so the military targeting has been severe in that area.

With the sanctions and western intelligence efforts of the State Dept./CIA, and western economic group appearing to have little impact, perhaps the media is starting to realize the conflict in Ukraine is more complex and thought out than fits the current western media narrative.

Mar 24 2022

End of Petro-Dollar Begins, Russia Instructs Central Bank to Organize Payments From Hostile Countries in Rubles


Posted Originally on the conservative tree house on March 23, 2022 

It’s a smart move by Russian President Vladimir Putin.  Facing financial sanctions and economic pressures from the U.S, NATO, EU and western allies, Putin stated today that all oil and gas payments must be made in Russian rubles.

The EU has few options as they are reliant upon Russia for energy products oil and gas.  If Putin organizes payment in rubles, his currency will automatically increase.  This sets the stage for other less hostile countries like the BRICS alliance to assist Putin ideologically and financially by transacting in rubles through the Russian central bank.

(Oil and Gas) – […] Russian President Vladimir Putin said on Wednesday that Russia would start charging the countries it considers “hostile” in rubles for its natural gas.

“I have taken a decision to switch to ruble payments for our natural gas supplies to the so-called hostile states, stop using the compromised currencies in such transactions,” Putin said, per a transcript published on the Kremlin website as carried by Bloomberg.

The Russian President—whose list of “hostile” states includes the United States, all EU member states, Switzerland, Canada, Norway, South Korea, Japan, and many others – has ordered the Bank of Russia, the central bank, to develop a system for payments in rubles within a week.  

“At the same time, I want to emphasize that Russia will definitely continue to supply natural gas in line with the volumes and prices, pricing mechanisms set forth in the existing contracts,” Putin said at a government meeting today.

It makes no sense for Russia to export goods to the EU or the United States in U.S. dollars or euros, Putin added.  (more)

It will be interesting to see how quickly they can get this up and running.

Mar 23 2022

The Coming Dust Bowl – 2025-2027?


Armstrong Economics Blog/Agriculture Re-Posted Mar 22, 2022 by Martin Armstrong

QUESTION: Marty; You have been the first to warn of food shortages and to stockpile for the years ahead. With Russia and Ukraine accounting for 30% of global wheat, you have warned that we are looking a shortages into 2032. Does this mean the war will last for 10 years?

LC

ANSWER: No, the forecasts for shortages into 2024 are actually divided into two primary causes. There was a major crisis in crop failures in 1846-1847, which also provided the economic reasons for the 1848 Communist Revolutions throughout Europe when agriculture was 70% of the economy back then. This was followed by the next great drought which became known as the “Dust Bowl” during the years of 1935-1936. Note, this had nothing to do with CO2 and the Industrial Revolution. While the Dust Bowl was a 10 year struggle for farmers, it certainly varied from city to city. Generally 1935 to 1936 was the worse of it and by 1937 the trend began to reverse.

Our model warns that we may see another severe drought probably between 2025 to 2027 in both the US and Canada. The drought conditions are already beginning and this is in line with our model which warns it will expand into the 2025-2027 period.

Therefore, to answer your question more directly, it appears that we have a shortage first instigated by the outrageous stupidity of COVID management, and this is the accelerated by the War Cycles, and it will conclude with the weather cycle which will only add to the shortages post-2024.

Mar 21 2022

Premier of Alberta Calls on Biden to Reimplement Keystone XL Project


Armstrong Economics Blog/Energy Re-Posted Mar 21, 2022 by Martin Armstrong

Jason Kenney, premier of Alberta, Canada, is calling upon President Joe Biden to reimplement the Keystone XL pipeline project. “If President Biden had not vetoed that project, it would be done later this year – 840,000 barrels of democratic energy that could have displaced the 600,000 plus barrels of Russian conflict oil that’s filled with the blood of Ukrainians,” Kenney stated. Kenney seems confident that the project could be completed by Q1 2023.

“None of this makes sense, so I will be speaking truth to power in the bluntest terms possible,” Kenney said. “If the U.S. administration wanted instead of going cap in hand to the Venezuela, Saudi and Iranian dictatorships to replace Russian conflict oil, we could turn this around, I believe in less than a year,” the premier stated. Meanwhile, the White House maintains that America should simply reduce its reliance on fossil fuels when there are no other alternatives available.

These nations might as well continue purchasing gas from Russia opposed to funneling money to other dictatorships. Kenney also noted how Canada was supposed to be America’s closest ally. Maduro of Venezuela hates the US and is an illegitimate leader. Both Venezuela and Saudi Arabia have asked the US for help in recent years, and none was provided. Iran is one of the world’s top funders of terrorism and turning to them should be considered a threat to national security.

Categories: Energy

Mar 21 2022

Clueless Celebrities Attempt to Worsen Energy Crisis


Armstrong Economics Blog/Climate Re-Posted Mar 21, 2022 by Martin Armstrong

City National Bank is considered Hollywood’s “bank to the stars” and was acquired by the Royal Bank of Canada (RBC) in 2015. A group of over 65 clueless celebrities thirsting for attention are attempting to create a movement called “No Dirty Banks” to dissuade the RBC from investing in fossil fuels – period.

Their message is as follows:

As Canada’s #1 fossil fuel bank, and the fifth largest in the world, RBC is deeply implicated in the Canadian tar sands – one of the most toxic sources of oil on the planet, that has devastated Indigenous lands, and destroyed pristine boreal forest.

Though RBC claims to be a leader in climate-conscious banking, since acquiring CNB in 2015 RBC has spent over $160 billion, making it one of the world’s most aggressive financiers of the tar sands and fossil fuel extraction.

RBC and CNB must stop funding fossil fuel projects, especially fracking and tar sands. At the source of extraction, Alberta tar sands exacerbate the climate crisis, and are why Canada is unable to meet its international climate commitments.

Between the signing of the 2015 Paris Agreement and the end of 2020, the world’s 60 biggest banks, including RBC, financed fossil fuels to the tune of $3.8 trillion. Fossil fuel funding fuels climate chaos and threatens the lives and livelihoods of millions.

Bankrolling Coastal GasLink is just the latest example of RBC covering up their role in violating Indigenous rights, not upholding free, prior and informed consent as outlined in UNDRIP, and making the climate crisis worse.

These celebrities are known to live lavish lifestyles and are frequently spotted on private jets and yachts. They live in massive homes and drive numerous cars. The self-declared elite wants the peasants to curb their energy usage while they continue to consume far more than the average taxpayer. These people have no idea the implications of reducing funding for fracking and a pipeline amid a serious energy crisis. The average person feels the burden at the pump or while paying their monthly utilities, while the liberal Hollywood puppets do not. This is another example of the liberal stronghold on Hollywood as publicists continually ask their “stars” to promote the Build Back Better agenda in a twisted attempt to seem empathetic.

Mar 21 2022

Comments & Free Markets


Armstrong Economics Blog/Basic Concepts Re-Posted Mar 20, 2022 by Martin Armstrong

COMMENT #1: Well, at least I got the decline accelerating in the Ruble correct and thanks to your models knew the war and commodity cycles were turning up. Getting the fundamentals correct ahead of time is a work in progress and definitely not easy.

But while watching the Ruble crashing into weakness going into the ECM, one could not reverse position and go long the RUB. Heck, nobody could even open new positions and definitely not buy the RUB. All that was allowed was closing already existing positions. And now the RUB was even removed from the trading platform altogether.

So my original trading strategy of shorting and then going long RUB got cut short and max profits throw out the window. So much for free markets.

EM

COMMENT #2: Marty you have proven your model and computer is the key to running governments for the future living with the cycle. It is easy to see why the CIA wanted your model pinpointing Ukraine almost 10 years in advance as the key spot for war. It is also interesting how others prefer not to ever mention you for your work is not opinion like everyone else. I really hope you succeed in securing Socrates for the world long-term. We all can learn so much.

All the best from Poland

and thanks for the conference that you did here in Warsaw

VA

REPLY: The free markets are not so free. During the Civil War, even President Lincoln went after trading gold and argued those people were making money off of every battle. The EU wanted to take trading the Euro away from London because of BREXIT. The people running these governments will NEVER honor the free markets when they go against them.

Yes, it was very nice to meet everyone in Warsaw. I had not been there before. I am doing my best to make sure Socrates continues beyond my shelf life. The problem is that the world is run by the seat of its pants and it is always based upon bias, prejudice, and power-plays driven by ego. I think some people just need to have an enemy and no matter what changes, they ignore that to keep the hatred ongoing.

There are people who still call China Communist even though there is private ownership which is the opposite of communism. They will continue to hate China no matter what and that in turn only invokes a response to counter that trend. Biases like that prevent us from ever moving forward and society is at times like a scratched record playing the same track over and over again.