Category World Economic Form

Jun 24 2016

The Panic has Subsided – Reality Returns – BREXIT Wins


Armstrong Economics Blog

Re-Posted Jun 24, 2016 by Martin Armstrong

BREXIT On Schedule

 

Euro SinkingExactly on our cyclical model, the UK votes to leave the EU in historic referendum after 43 years (half 8.6) 52% to 48%. David Cameron has announced he will resign as prime minister in October and all one can say is good reddens, despite the fact that 84 Eurosceptic Tory MPs signed a letter calling on David Cameron to continue as prime minister whatever the result of the referendum. That was just a joke for Cameron betrayed his own country. It would have been “inconceivable” that Cameron could remain as prime minister after making the biggest political decision of his life that has been proven spectacularly wrong.

The Foreign Secretary Philip Hammond has said that voters have “spoken clearly” and the government’s job is to “get on with that decision, protecting the economy and doing all we can to get the best outcome for Britain.” This is the best decision for Britain for otherwise it will be dragged down by Brussels which has become the sinking Titanic. The attempt by Brussels to extinguish democracy with its arrogant attitude that the elite just know better will now begin to set in throughout Europe. Already, Italian Prime Minister Matteo Renzi tweeted: “We have to change (the EU) to make it more human and more just, but Europe is our home, it’s our future.”

The pound fell to its lowest level in 31 years on exaggerated panic. Europe is nothing without Britain and NATO will certain not change. It has been Britain which provides the military backbone for Europe. This is merely about the UK gaining its independence. The United States would NEVER allow its laws to be written in a dictatorial manner by the United States.

ScotlandPNew-20Pounds

Ann-Medal-Union-Scotland - 2Nigel Farage told supporters that June 23 should now go down as “our independence day” for Britain. The said statement of the Scottish First Minister Nicola Sturgeon said Scotland contributed significantly to the Remain vote across the UK and the Scottish people “see their future as part of the EU” so going forward, we can yet see Scotland leave the UK but this time it will quickly discover that the EU is crumbling. The Act of Union that formed the UK was under Queen Ann in 1707. Applying the 309.6 year cycle brings us to 2016.6. Therefore, we may see indeed an independent Scotland, but it will soon find out it joined the sinking ship. Meanwhile, in Ireland, Sinn Fein said Britain’s vote to leave the EU has “very significant implications” for Ireland, and it called for a referendum on a united Ireland.

EU ExitOf course there are those in denial. Austrian Chancellor Christian Kern warned Britain’s exit would harm the other nations. Nonetheless, “I do not fear a domino effect,” which our model does show will unfold. Kern continued: “Europe will lose status and significance in the world because of Britain’s step. The long-term economic effects will also be felt for some time.” Meanwhile, the Estonian Prime Minister Taavi Roivas said Europe must “work hard” to protect the EU’s unity and that Britain’s departure was a “great loss”. What is being overlooked is Article 50 of the 2009 Lisbon Treaty which effectively is the EU exit button. – it allows a country to start formally withdrawing from the European Union. Once Britain has activated this clause, it has two years to negotiate its departure with the remaining 27 members of the bloc. Among the terms to be discussed include: trade tariffs and freedom of movement.

Jun 23 2016

TOP GLOBALIST ENDORSES HILLARY CLINTON


If nothing else matter, even though it does, this alone should tell every voter in America to vote for Trump!

Jun 23 2016

EU Wants to Charge Social Security Taxes on Robots As If They Were People?


Armstrong Economics Blog

Re-Posted Jun 23, 2016 by Martin Armstrong

Tosihba-robot-chihira

Japan’s Toshiba <6502.T> robot has taken on human form and visitors to the world’s biggest travel show in March were greeted by a lifelike robot. Under new proposed European legislation clearly intended to stop technology advancement, the growing army of robot workers are to be classed as “electronic persons” and their owners would then be liable to paying social security for them. This is an example of how nuts Brussels has become from regulating cow farts to now wanting to impose the same tax system to robots for their retirement?

Jun 23 2016

Banks Tell Employees to Vote Remain – That Means A Vote to Leave Must Be Best


Armstrong Economics Blog

Re-Posted Jun 23, 2016 by Martin Armstrong

Bankers

A record 46.5 million voters have signed up to weigh in on Today’s referendum, which asks one, single question: “Should the United Kingdom remain a member of the European Union or leave the European Union?” With the establishment opposed to BREXIT and the banks telling their employees to vote no to remain in the EU, you know one thing – what’s good for the bankers will never be good for the people.

Jun 23 2016

The EU is nothing without Britain


Armstrong Economics Blog

Re-Posted Jun 23, 2016 by Martin Armstrong

BREXIT-4

The lies being told by Cameron that Britain will suffer are rather astonishing. It is the EU that has the most to lose on so many fronts it is rather alarming how the press do not tell the truth. Forget the imports exports that are just under half of the the trade between the two, which would never stop nor would it be in the EU best interest to cut Britain off. The real key is diplomacy. Whenever Europe has EVER accomplished something useful, it has always been the UK’ in the driver’s seat. Any thought that BREXIT would end relations is rather absurd. The EU has nothing without Britain. The only other country that spends more on its military than the UK is the United States. Germany could not defend Europe nor could France. Without the UK, Europe would have fell to Hitler. A post-BREXIT that tried to stand on pride in the EU would quickly find itself no longer a  powerful player on the world political stage. Sorry, but the EU is nothing without Britain.
Jun 23 2016

Islamic Refugees Rape 5 Year Old Girl in Iowa – Thank You Obama


Armstrong Economics Blog

Re-Posted Jun 23, 2016 by Martin Armstrong

Refugees Welcome

The culture of these so called refugees is anything but acceptable. They have been raping girls in Germany and Sweden. Not they raped a 5 year old girl in Twin Falls, Idaho. Even the media is in on trying to cover this up. Honestly, and people wonder when there is an uprising against establishment politicians? Enough is enough. The arrogance of the elite political class is far too much. All refugees should be stopped right here and now. They should be sent back to camps in the Middle East from where they came. This is not acceptable and those in power who advocate this are conspiring against the people everywhere.

Jun 22 2016

Lauren Southern Visits Calias Refugee Camp – Can’t Find Any Syrians…


What Lauren found was a camp with what appears to be thousands of young Muslim men, few if any from Syria, and no women or children. I would say this is more like a staging area for creating an innovation force and this is totally ion line with the Cloward–Piven strategy of collapsing a political system from within. In this case flow a country with people with no skills an incompatible belief system and no desire to fit in — the result will be the collapse of the political system when the funds required to support this people can not be provided by the working classes.

Europe will go first but America will not be far behind certainly no long than 2018 say 24 months at best. Only trump might be able to stop this but with the entire political class trying to stop him its not looking good for the rest of us.

Jun 22 2016

China’s Reserves & the Flight of Money


Armstrong Economics Blog

Re-Posted Jun 22, 2016 by Martin Armstrong

China Foreign Reserves

All we have been hearing are claims that if China sends the dollar flooding back to America, the dollar will become worthless and hundreds of businesses will go broke overnight. The gold promoters put out such wild claims and have no idea what they are saying or the type of world that would unfold. It is not in China’s self-interest to dare to do such a thing for their own economy would collapse. Jobs would be lost and unemployment would soar, leading to another revolution.

These people yell the same thing all the time. They want to see America destroyed so they alone can become wealthy and look down upon the rest of society while kicking them in the gut and rejoicing in their pain. I really do not understand such hatred. Of course, they do not want to talk about how U.S. corporations have $2 trillion+ in cash offshore and only about 10% resides in U.S. government debt.

These scenarios are absurd. When China’s reserves decline, it will be because capital had fled China. This is precisely the opposite of what these people are saying. China has sold U.S. Treasury bonds and U.S. equities to raise cash to support the yuan to boost confidence. It has nothing to do with being bearish on the United States. China has no such interest in destroying the U.S. economy or that of Europe. To do so would destroy their own economy and that would only lead to revolution.

These scenarios are just pathetic. China has been suffering from a lack of confidence and capital has been pouring out of the country. The Chinese are the big-ticket buyers of real estate in the United States. China’s reserves have been collapsing as capital has fled. In fact, March was the first time in five months that China’s foreign reserves rose to $3.213 trillion, which was up by $10.26 billion from the end of February, according to data from the People’s Bank of China. The numbers from April showed a second consecutive monthly increase of $7.09 billion to $3.220 trillion.

As far as China’s gold reserves, they have 1797.46 tonnes (57.7 million ounces) or about $75.1 billion at $1300, which amounts to only about 2% of their reserves.

The problem with all of this nonsense is that they are desperate to create a reason to sell gold. You can fool people sometimes, but not all the time. When they listen to these wild scenarios and they do not pan out, they will lose confidence and stay away. So they could care less about the veracity of their claims. All they care about is selling gold for a profit.

Gold will breakout, but not for such absurd reasons.

Jun 22 2016

Constructing a Future


Armstrong Economics Blog

Re-Posted Jun 22, 2016 by Martin Armstrong

Future

Our models have been targeting 2018 for the last 30 years as the first potential year for a monetary crisis and reform. There was a shot that we could have doubled the Dow and everything would have bottomed on the first potential, such as gold in 2013 to 2014, and then turn up into that target. But the markets have been dragging this affair out so long that it looks like this is the beginning rather than the end point, and the real chaos is just extending into the next 8.6-year cycle. This is why we have the Reversal System, for it provides the numbers we have to achieve to confirm the trend. Just as we missed the 17800 on the Dow for the close of May, everything happens for a reason.

The vast majority remains bearish on the Dow, and, of course, the gold promoters always say the dollar is worthless, but their forecasts have not changed for decades. The Dow has all these people claiming it is overvalued and has to crash. Then we have Fed watchers who just focus on domestic numbers and ignore the entire world trend.
It is clear that everything is within a staging position in preparation for something really big. While so many say this is the end of the world and everything will go to zero, such events have never corresponded to their scenarios in history.

The most likely course of action has not changed. When confidence in government collapses among the GENERAL MASS PUBLIC, everything will breakout. Listening or convincing oneself about fiscal mismanagement of government is nice, but the general population is what counts. They are the movers and shakers. We merely jump to their actions.

Reversals TimingSo the computer gives us the numbers and the time. They simply have to be elected to confirm a trend. All I can do is articulate the points and then say here are the points and the time.

What we are facing is nothing anyone has ever experienced. So it is not going to be easy to come up with some “gut feeling” or opinion that matters. Whatever we “think” will or will not happen is irrelevant. Everything is changing. Financial analysts are failing everywhere. Hedge funds are losing money. The only way to trade is with something definitive without the personal opinion.

The days of searching for some guru who is never wrong from an opinion perspective are gone and only fools seek such ideals. We are heading into the eye of a financial storm that will topple governments. The future is being constructed before our eyes if we wake up and just look. The hard heads always lose everything because they are too stubborn and incapable of adjusting their investment strategy. Those looking to buy growth or value in equities will also lose their shirt for this is not a normal trading affair.

Jun 21 2016

The EU Determined to Ensure BREXIT Will Not Succeed


Armstrong Economics Blog

Re-Posted Jun 21, 2016 by Martin Armstrong

Troika-Unelected

The voter fraud in the Austrian election to save the EU has been ruled by the Austrian Constitutional Court has revealed outrageous “errors” to the point that votes were simply regarded as non-binding recommendations. The investigations continue, but this reflects the desperate attempt to save Brussels at the expense of all of Europe. This was portrayed as dangerous had the people been allowed to actually vote so the election had to be rigged. This casts a lot of questions over the reality of BREXIT vote to take place on the 23rd. Is there any hope of a real election at all? Unfortunately, those in Brussels, like the Troika, cannot be voted out of office since they have defeated any possible democratic vote. They never stand for election. The very people who dictate the fate of Europe and are responsible for undermining all the pensions with negative interest rates, never stand for election at any time and still tell the people it is a democratic process. Why any Brit would surrender their independence to become economic slaves to Brussels just shatters the mind. This is a dangerous situation for the only means to reform or disagree with the policies in place will be civil unrest if not war.

Meanwhile, in France, President Francois Hollande has proposed to actually ban all demonstrations, according to his presidential spokesman. The excuse is of course the country is plagued by terrorism, and with Hollande less than 15% in the polls, the conditions are not in place to protect “personal or public property.” He said: “At a time when France is hosting the Euro 2016 [football tournament], when it is faced with terrorism, demonstrations can no longer be authorized if property, people and public property cannot be safeguarded,” Hollande told a Cabinet meeting, according to his spokesman Stephane Le Foll, AFP reported.  Very convenient.

In Italy, we now see the Anti-establishment Candidate Taking the lead in the Rome Mayoral Election. The disagreement with the management of the “establishment” on a worldwide basis is rising precisely in line with our Cycle of War. This is part of the cycle and why we sadly will see the crumbling of Western Civilization as the financial capital of the world moves to China after 2032. Even in Japan, you have Finance Minister Taro Aso asking just how long the elderly intend to live effectively saying – die already, to reduce the government payouts.

 The “establishment” is faking polls, and the press is in bed with them, all to retain the status quo everywhere. Even the establishment Republicans are not raising money for Trump and want him to lose. Hillary is one of them. They do not want any outsiders. In London, Cameron is in bed with Brussels despite the fact he has lost every single negotiation to date with them. Is he an idiot or just corrupt? Brussels simply cannot allow BREXIT to succeed for it will signal the end of the EU, which they are desperately fighting on every front.

This week will be extraordinarily important for the failure of BREXIT to win will most likely lead to sharply rising civil unrest throughout Europe. The machinations behind the forced federalization of Europe by the elitists from assassinations and political coups right down to massive immigration to breed-out the European race, cannot be sustained. The whole refugee crisis is a crisis since the majority of these people are not even from Syria and among their ranks are terrorists intent upon destroying Europe.