COMMENT: Marty; I don’t think you realize that when Nigel Farage said your events are the alternative to Davos, there is no other event that has such attendance. I have been to other trading conferences. They are lucky to have half your attendance and you have more institutions than even Davos. I know you keep trying to limit the size of these events, but we get to meet so many people from all over the globe. Your staff said you had attendees from over 50 countries this year. Please don’t reduce the size.
Thanks for the great conference. It was spectacular and provided detail that is really not available anywhere.
Cheers
Keep up the good work
EK
REPLY: I appreciate your perspective. We have over 1,000 attendees at these events each year and the demand keeps growing. This year, politics was playing in the background. The biggest institutions from China could not attend because of the trade dispute. They did not want to apply for a visa. So we will have to hold one in Shanghai in the Spring. Politics will only get worse. I do not know if we will be able to hold any in Europe starting 2021 due to the changes in the law for visas there. It is getting worse by the year. Our own staff in India were denied visas to attend the conference this year.
Many do not want to travel to the States and we have to accommodate our international clients. Each year it is getting more difficult.
QUESTION: Marty; You are more connected to BREXIT than any of these analysts. What is your view of this mess?
PH, London
ANSWER: What we are witnessing is the collapse of Democracy. The people voted for BREXIT and the losers do whatever they can to remain. Unfortunately, many of those in Parliament are in the REMAIN camp and have absolutely no rational evidence whatsoever why Britain is better in the EU than out. It is just political propaganda that remaining in the EU is somehow better than leaving. The Euro is a sinking ship and the REMAIN camp is honestly too stupid to even understand or objective enough to look at the trend.
Welcome to BREXIT, where the REMAIN camp has worked very hard to paralyze Westminster to crush the democratic process. Boris Johnson calls this the “zombie” parliament for it has accomplished nothing in three and a half years. Theresa May was in favor of the REMAIN Camp and this is what you get as a result.
The Britons will go on December 12th to a general election that will be dominated by the BREXIT issue and whether the country will go ahead and join the world economy of the sinking Eurozone. Less than 50% of Britain’s trade is with the Eurozone. Britain CANNOT cut a trade deal outside the EU because any of the members can veto any deal. Europe is pretending to be one nation, but it is a complete joke. Can you imagine if the president in the USA had to get the approval of all 50 states before he signed any trade deal? Nothing would ever get done. That is the structure of Europe.
The BREXIT Party of Nigel Farage is hoping to secure its first MPs in this December election. However, there is a split emerging between those who want to run in all 650 seats and others who would prefer to focus on a smaller, targeted list. The concern is that the BREXIT party could in some places hand a victory to a REMAIN candidate by splitting the vote. This is the concern about running in some areas. The fascinating aspect is that the computer pinpointed the week of December 9th as a Panic Cycle before the election was even announced. The question I have is the subtle movements of the markets apparently were indicating that there would be an election and they even targeted the week. This is just why Socrates is so much better than personal opinions that always begin with “I think” in some version or another. There is just so much more to how markets move than most people would ever imagine.
Unlike the USA, the British courts and legal process are not as in bed with the bankers as they are in New York. They have brought to court todayon criminal charges former brokers charged with conspiracy in the LIBOR interest rate fraud that continues to expand. This stands in stark contrast to the policy in New York City regarding the banks and brokers there as being the notorious UNTOUCHABLES. The US is like to also charge low-level brokers who have been dismissed, but never the major bankers.
In our own case, the SEC appeared before Judge Louis A. Kaplan who pointed out that the document used by the SEC to bring its charges was (1) a translation of a Japanese document that they fashioned as they desired, (2) the omitted the first page stating they were notes, and (3) misrepresented the fact that we stated we were “conservative” and used less than 10% for hedging employing futures. They the SEC argues we were trading yen futures and had their receiver liquidate those positions when they were the hedge since the notes were payable in yen.
Judge Kaplan pointed out that the first page was missing and that we disclosed we would be using futures yet still granted the SEC injunction stripping the company of any right to hire lawyers appointing Alan Cohen of Goldman Sachs as the receiver and O’Melveny & Myersas his counsel. So even when the documents used do not say what the government claims, they still win in New York City. Kaplan even stated in court that if using futures as disclosed was “conservative” as the SEC was pretending, then “the last ant I saw is an elephant.” Nobody seems to have understood what hedge currency even was. Do you think they will EVER admit a mistake – only unbiased people would do such a thing – TYRANTS NEVER DO! So it is just hopeless and they cannot see that this simply warns that you have to be out of your mind to place any money in NYC if you cannot defend yourself when the bankers rip you off. This is why London regained the status of being the Financial Capital of the World. Unless there is REAL prosecution of bankers, there can be no free market and capital will never be safe.
Britain has not yet shown it will prosecute the heads of banks involved – only low level brokers. If Britain wants to retain that crown, it has to set an example for the whole world to regain confidence in its legal system and its integrity that the USA sold to the highest bidder,
This year’s WEC was interesting since every part of the world was in crisis and we have gone into great detail with respect to the REPO Crisis. This year’s attendance set new records for the number of people flying in from around the world which included Russia down to South Africa, Europe, North, South, and Central America, all of Asia from China and Korea as well as Japan down to Singapore and India. The cross mix from fund managers, pension funds, banks, to central banks and even heads of separatist movements from around the world provided for a very interesting cocktail party this year.
Even the third-day training session exceeded 400 attendees. We are looking at holding two conferences outside the USA in 2020 in addition to Orlando – Frankfurt, and Shanghai. Perhaps holding three sessions we can reduce the size of these events. When they reach 700 attendees they are getting just a little too big.
There was so much to cover this year we provided extensive materials because there was just no way we could have covered in detail all of the information when we have a REPO Crisis, Liquidity Crisis, Pension Crisis, Sovereign Debt Crisis, Monetary Crisis, and a Crisis in Democracy with rising civil unrest and growing separatist movements around the globe.
We want to thank everyone for all your loyalty and the show of so many who have been making this an annual gathering as if this were a university reunion.
Thank you very much. We will be posting photos in a special sector for attendees onl
QUESTION: Hi Marty,
I was expecting a blog about Catalonia after the trial. So, here I am. Things have escalated lately and we are seeing violence in the streets. People are getting angry with no solution nor proposal from Madrid on the table for years. Spain will never allow Catalonia to get independence, a referendum nor anything basically. They will do everything they can to avoid it. We did see that so many times already, working very closely with the law. It seems to me that independence has never been so close though. I am expecting PSOE together with PP to rule after 10N. They will make bad decisions again and I see that after that we might see the last part of the journey to finally get independence. I am not sure how this could/will be done. Spanish will jail everyone, beat everyone and call us nazis, violent, not using the law properly, supremacists etc. EU will not support it again. This time though I have the feeling we will make it. What does you/Socrates see here? How can independence be achieved in these circumstances? Spain has the law (theirs) and the power to stopped, but this has gone too far, we really need to do it. Our future and our children’s future are at high risk sticking within Spain.
Thanks for all your work.
M ANSWER: It was the marriage of Ferdinand and Isabella in 1469 which united both crowns and set the stage for the creation of the Kingdom of Spain, at the dawn of the modern era. From a cyclical perspective, Spain will probably split by 2029. The separatist movement for Catalonia remains in play. It is only a question of time. The economic pressure will be to surge in 2021/2022 and that will most likely result in the final separation by 2029 with the potential to come a little early by 2025.
The migrants trying to get into Europe for free welfare rioted on Monday in Malta setting cars on fire and attacking staff. Malta had agreed to house them temporarily in a detention center waiting for other EU countries to accept them for settlement. This illustrates the fears of many in Europe about all of these migrants who have been allowed to enter without skills in language or fields that would be suitable for employment. Despite the violence, European politicians simply cannot admit that this has been a huge mistake.
Justin Trudeau celebrated an overwhelming victory following the results of the Canadian election – SEE RESULTS HERE – The Liberal party lost 21 seats but remained the majority parliamentary winner albeit without a majority. Prime Minister Justin Trudeau announced a “solid mandate from the election results.” The Conservative party gained 27 seats and the most national votes, but remain the losing party. The New Democrat Party lost 15 seats and declared the 2019 election a major success for their agenda.
It’s all weird.
During their post election speeches the Liberals (Trudeau), Conservatives (Sheer), New Democrat Party (Singh) and the Green Party (May), all declared victory. It seemed like a hot mess of political messaging; but hey, that’s Canada.
Congratulations, I guess.
Liberals (RED), Conservatives (BLUE), New Democrats (Orange)
Donald J. Trump
✔@realDonaldTrump
Congratulations to @JustinTrudeau on a wonderful and hard fought victory. Canada is well served. I look forward to working with you toward the betterment of both of our countries!
Tonight the results of the Canadian election will start to be announced. Canada is a parliamentary system and therefore voters do not vote for a national candidate, instead they vote for a local representative, MP’s, who belong to a national party.
There are 338 separate district races called ‘federal ridings’ from coast to coast. In order for a party to win outright they need to win 170 district seats.
If a party doesn’t win 170 seats they need to form a government in combination with one, or more, of the other parties. Whichever party wins the majority of the seats elects a leader to become Prime Minister.
Currently there are 177 Liberal seats; 95 Conservative seats; 39 New Democratic Party seats; 10 Bloc Quebecois seats; 2 Green seats; 1 People’s Party of Canada seats; and 8 Independent seats. Early results should start coming in around 7:00pm Eastern.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 