Jobs v Asset Inflation


Jobs

The job market collapsed in May as the Labor Department reported on Friday that the nation’s economy added only 38,000 jobs. The experts were expecting a modest gain of 150,000 jobs. Additionally, there were actually 59,000 fewer new jobs in March and April than previously estimated. Then, looking closely at the 38,000 new jobs that were created, only 25,000 were in the private sector with the rest created in non-productive government jobs which feed off of taxes.

What people are also ignoring is regulation. Under Obamacare, there is absolutely no possible way even I would hire more than 24 Americans. We have people working in Beijing to Germany. Then you have the pension crisis. Companies are hiring part-time to avoid pensions. Even the US Post Office is playing that game. The heaps of regulation associated with this entire mess is crazy. And politicians want to raise the minimum wage to $15? All they will do is replace workers of a major scale. We already have robots and drones replacing workers because of regulation, pensions, and healthcare. Eliminate all that, and $15 is no big deal. If government wants to get more money into the pocket of workers, how about eliminating the income tax. Even if the lower income does not pay income tax and get the bilk refunded at year-end, the government has borrowed that money for free cheating them out of an opportunity to invest, and then they complain the rich get richer from investment while denying that opportunity to the lower classes.

When we look at the markets, each has moved to our key numbers are bounced. The Dow bounced off of the Month Bullish to close below it, gold held the critical number on a daily closing that would confirm the break under $1,000, and the euro also bounced from the key support. The markets are showing the lack of a decision to breakout or breakdown just yet as people remain confused. Nevertheless, the Dow did not crash and technically is holding still.

This is all reflective of the confusing trends as the economy is shifting. The jobs numbers on the one hand would say no rate hike. However, if assets continue to take off, the Fed will be accused of helping the rich get richer and will have to raise rates of be crucified by the socialists. So as we have been saying, this is the crazy times. All we can do is watch the key numbers and timing.

IBEUUS-D 6-4-2016 GCNYNF-D 6-4-2016 DJIND-D 6-4-2016

Hunt for Taxes: Safe-Deposit Boxes Under Attack


HSBC

HSBC is altering its oversight of safe-deposit boxes in Hong Kong. Governments are targeting safe-deposit boxes to look for cash that is hiding from taxation. HSBC, a U.K. bank, is now moving against claimed financial crimes by altering conditions for safe-deposit boxes. This is becoming a global trend. Anything of value that is stored in a safe-deposit box is now considered money laundering. Governments want their taxes and all the laws are changing to ensure they get their money.

Swiss village Fined $300,000 for Refusing to Accept Refugees


Oberil Lieli

 

The Swiss village of Oberwil-Lieli voted to reject accepting any refugees whatsoever poreferring to pay about a $300,000 fine to the federal government of Switzerland who agreed to accept 50,000 refugees. The people of Oberwil-Lieli said they would rather pay the fine than accept these people in their small village destroying their life-style because “they wouldn’t fit in.” Of course they are call that town motivated on racism, but Muslim is not a race. What the governments refuse to admit is that these are not refugees from Syria, they are economic migrants from other countries. The politicians will simply NEVER admit they have made a serious mistake.

G20 Blames Your Psychological Problems for their Failure


G20 Finance Ministers April 2016

The G20 central bank and finance ministers met in Shanghai in April and cheered the rally in the markets patting themselves on the back. They then issued their communication effecticely blaming the private sector for not paying enough taxes for them to squander. They issued their Financial Action Task Force on Money Laundering (FATF) which is really the directive to hunt down money globally for taxes. The G20 never blames government, but always blames the private sector. Their working group meeting in Shanghai only emphasized more taxes absent any understanding of how the world economy functions or that it was the free-flow of money that revived the world economy after World War II. They have not been able to come up with any constructive proposals for reviving the global economy whatsoever. Instead, they once again complained that the recent market turmoil just doesn’t reflect their view of “underlying fundamentals of the global economy”. The oil price has collapsed some 70% since June 2014 hurting emerging markets like Brazil whose currency plummeted by 50% with the Russian ruble is down by 60%. Yet in their own communication they promote more investment in “green” energy and to reduce foscil fuel consumption while embracing the climate change agenda. Of course they fail to see the conflict there.

g20 Working Group AgendaWhile global economy is moving into another recession, they managed to pin all the blame on psychological problems of the people, to explain their own failure to ignite the economy. They do not understand that they are incompetent of generating confidence when they employ negative interest rates and do not even realize that they are wiping out pensions, life insurance companies, and accelerating unfunded pensions in government. Their solution? More taxes. They actually laid it out fairly specific in the Finance Minister & Central Banker communication (April 14-15 Communiqué_ G20 Finance Ministers and Central Bank Governors Meeting):

“The G20 reiterates the high priority it attaches to financial transparency and effective implementation of the standards on transparency by all, in particular with regard to the beneficial ownership of legal persons and legal arrangements.  Improving the transparency of the beneficial ownership of legal persons and legal arrangements is vital to protect the integrity of the international financial system, and to prevent misuse of these entities and arrangements for corruption, tax evasion, terrorist financing and money laundering.  The G20 reiterates that it is essential that all countries and jurisdictions fully implement the FATF standards on transparency and beneficial ownership of legal persons and legal arrangements and we express our determination to lead by example in this regard.   We particularly stress the importance of countries and jurisdictions improving the availability of beneficial ownership information to, and its international exchange between, competent authorities for the purposes of tackling tax evasion, terrorist financing and money laundering. We ask the FATF and the Global Forum on Transparency and Exchange of Information for Tax Purposes to make initial proposals by our October meeting on ways to improve the implementation of the international standards on transparency, including on the availability of beneficial ownership information, and its international exchange.”

Dalai Lama Warns Germany is Accepting too many Refugees


Dalai Lama

Dalai Lama warns that Germany cannot become an Arab country. The Dalai Lama apparently said that “too many” refugees are seeking asylum in Europe. The pretend refugee crisis is really an economic migration bordering on an invasion not unlike the Mongol invasion under Attila the Hun (reigned 434-453 AD) some 5 intervals before of 309.6 years.

Boat People Crossing Channel to Britain?


Britain

Now we are beginning to see refugees taking off for England. Some are swimming across the channel while others are trying to make it in dinghys. Five others have been rescued sailing from France to Britain. If Britain stays in the EU, they will be fined 250,000 euros for rejecting each person. The Channel is becoming the new Mediterranean.

Let the Voter Fraud Begin in BREXIT – Ready, Set Rig It!


Postal_vote

British voters in the EU referendum  are shown how to vote to reject BREXIT and stay in the EU by the government. The Telegraph has at least shown that the Postal Voting system provides the example showing REMAIN in the EU. That is of course the first box to check. The government will count on these mail-ins as they did in Austria to ensure they can rig the vote claiming they have the balance in these types of votes just in case they lose at the polls.

The problem that will erupt is if they rig the vote to remain in the EU and try to shut down the people, what will they do when the people find out they have been completely screwed by Brussels? Will this set the stage for serious civil unrest in Britain?

Treaty-of-the-Union-015

Treaty of the Union

This is an extremely dangerous game Cameron is playing. It just so happens that the United Kingdom was born under Queen Ann on May 1, 1707, which was 1707.331. If the BREXIT vote is rejected, civil unrest will start in Britain 309.6 years from that date, which will be 2016.931 or December 5th/6th, 2016. The year 2016 has popped up on numerous models which we will cover in the BREXIT Report due this week.

Brexit Polls Are Close: 51% Stay -vs- 46% Leave – Voting Begins In 23 Days…


If the Brits leave the EU the EU fails shortly thereafter; and if the Brit’s merger into the EU then they will go down with the EU. The EU can not survive under any circumstances but the Brits could save themselves from going down with them; which means that The British government will make sure that the vote go to stay with the EU since the politicians are stupid and can see what they are doing. No one in their right mind would allow the mass migration from Africa and the Middle East in with no limits; there is no way to make this turn out good!

Open Letter to the Guardian


eu-uk fLAGS

(feel free to forward this article to everyone)

The Guardian headline is supporting government propaganda that 9 out of 10 economists warn of a dire future if Britain exits the EU. For a newspaper who published Snowden, I would expect a lot more integrity on this issue. The Guardian is reporting propaganda on a grand scale. They reported that “Some 72% [of economists] said that a vote to leave would most likely have a negative impact on growth for 10-20 years.”

British GDP Growth since 1949

The propaganda implies that economic growth in Britain has benefited from the EU single market since it joined in 1973. Let us expose the lies and corruption propagated by this pool of economists. Using the government’s own statistics from the Office for National Statistics, annual economic growth for Britain peaked BEFORE it joined the EU and has been declining ever since. This forecast that leaving the EU will have a negative impact on British economic growth is clearly a bunch off lies. Annual economic growth for Britain has fallen ever since it joined the EU in 1973. Each rally produced a lower economic growth peak.

BP-1791-2011

This is the end of Britain if it remains in the EU and the media will not tell the truth or expose what is going on all to save the jobs of bureaucrats at the expense of their own families (feel free to forward this article to everyone). The British pound peaked against the dollar in 1864. It has been a bear market long-term. If the pound simply now closes below 14600 for 2016, it will fall to make new historic lows well under par to the dollar seen back in 1985.

 

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Palm Reader

 

Economists are notoriously incapable of forecasting the future. Larry Summers publicly admitted on Bloomberg that they are incapable of forecasting anything. I think they would have a far better chance of consulting a palm reader than a mainstream economist. If they cannot forecast the future, all they do is mouth whatever the government pays them to do. I have stated it before, when I was asked by the government back in 1985 to effectively “save the world” it was clear, they have such hearings only as a dog and pony show. The government then stands up and does what it wanted to do anyway and pretends they consult experts.

BradyCommBecause I spoke out against manipulating the dollar to reduce the trade deficit back in 1985 which started the G5 with the Plaza Accord, I have had a reputation of being outside the mainstream yet behind the curtain I have always been the one they all want to hear from. These politicians could not understand that they sold 1/3rd of the national debt to the Japanese back then and trying to reduce the trade deficit by lowering the dollar was just brain-dead. Saying they “wanted” the dollar down by 40% I warned would set off a crash within 2 years, which manifested in 1987. When that took place, then they wanted me again to contribute to the Brady Commission. My biggest accomplishment was at the end of the Brady Report, they said they thought “currency” had something to do with the event. There was no way that report would bluntly blame the G5.

Then these politicians in Congress reduced the tax advantages/amortization on real estate and created the S&L Crisis they had to bailout. There is absolutely no crisis created by the private sector – they have all be created by government right down to telling the IMF to provide loans to Russia so the bankers could exploit them and end up with the 1998 Long-Term Capital Management Crisis and the first Fed Bailout of a hedge fund. The faulty construction of the Euro is destroying the European economy and creating the greatest risk for civil unrest and European war.

Rubin-Letter

Geithneir-RIn May 1997, the Treasury was publicly starting to try to talk the dollar down once again doing what they wanted to do politically. I wrote to Robert Rubin who was the one doing this nonsense. Note it was May 1997. I wrote reminding them of 1987 and that yes we were the firm consulted during that crisis.

1997 Thailand Baht CrisisNow notice the date when the future Treasury Secretary Tim Geithner responded quickly on June 4th within 15 days. They are well aware of our model and how it has called the shots globally for decades. The Asia Currency Crisis hit within weeks in July 1997.  I have given it my best shot to try to help. I have been fortunate that the markets have always been like an ATM machine for me so I have never had to worry about making money to pay bills. This luxury has allowed me to try to help reduce the chaos in the world economy to no avail. Yet that crisis led to me being perhaps the first analyst to be invited to Beijing by the central bank.

Everyone behind the curtain knows of the accuracy of our computer. Fine, I do not do interviews with mainstream press for the simple reason they usually do not want to air what our models project. I was asked to appear with the French Finance Minister on national French TV, Mr. Sapin. He declined so they filmed a piece on me alone. Then he showed up at the TV station so they improvised and played the piece on me and then confronted him on TV. Of course his response was that nobody could forecast and what I had to say did not help “confidence” in government. He then went on to deliver his forecast how the French economy would boom. So it is not like the people in the highest place do not know about our model. It’s just that nobody wants to dare talk about something that warns they are dead wrong.

Euro Sinking

Let’s tell the truth here. The British will be given EU Tax IDS and will go down with the ship. British financial markets can be barred from short-selling on any whim from Brussels, and British corporations will find their taxes will be raised by Brussels. The structure of the EU government is ANTI-DEMOCRATIC since it removed every possible means for the people to ever change government. The one thing they get to vote on is the EU Parliament which neither introduces legislation nor does it vote to approve anything (see BREXIT – the Movie). That is all done behind the curtain. This is a dictatorship and every newspaper should be screaming at the top of their lungs if they really gave two shits about themselves as personal individuals of the future for their children. Is this not the same result had they just surrendered to Hitler?

ft-1998

The Euro WILL FAIL. The mainstream press will never report what our computer has to say when it goes against the government. Yes, the FT published in 1998 on the front page when we forecast that Russia would collapse. But that was Russia – not Western Society. Sorry, its the same computer model which is forecasting the collapse ahead.

I am shocked the Guardian has allowed itself to present the government propaganda rather than investigating the truth. They do not address the serious flawed structure of the Euro nor do they explain to the people what they will face, corporations, or how the financial markets of London are over. They certainly do not addressed that all British will get tax IDS from Brussels nor will they explain that corporate taxes will be set not by the Queen’s Parliament, but by Brussels.  Why do they not address the issues in the BREXIT – the Movie?

Certainly the mainstream media would never bother to call me given the fact the EU Commission designing the Euro all attended our conference there in 1998 in London. They did not visit the 9 out of 10 pretend economists who preach the party-line because they are paid to regurgitate propaganda and are incapable of forecasting anything anyway. Why do you think all the banks support rejecting BREXIT? Because they are told to do so and no analyst in any bank could dare to tell the truth for the central banks will prejudice that bank. No institution will dare speak the truth for fear of government retaliation.

I was flat outright told to be a “good boy” and churn out bogus studies where the government tells economists what conclusion they need and I would be paid millions by them each year. They tried to seize our computer and have tried to silence our forecasts. But we survived everything because we do not put out the bullshit everyone else does just for money. I am concerned about my posterity. What kind of a world are we leaving behind? Nobody cares about their families any more?

London Destroyed

I am very disappointed in the Guardian. They should be leading the charge and would find also their readership explode if they did. Brussels will destroy London. That is an ABSOLUTE CERTAINTY.

(feel free to forward this article to everyone)

Cameron getting Mainstream Media to Brainwash People


EU-Cameron

There are serious concerns arising in Britain how the mainstream media is on board on betraying the people at the request of the government. The press has been given the word  to convince the people to surrender all their rights in Britain to save the bureaucrats in Brussels. The Telegraph newspaper has been using a different polling agency than they normally do in order to skew the pools to brainwash the British public that staying in the EU is the right decision and the majority are in favor.

Cameron has pulled out all stops to keep Britain in the EU. He is not telling the British that they will be assigned a tax ID number by Brussels and will be taxed to support the federalization of Europe. Cameron has called on Obama to the head of the IMF and the S&P to tell British they will be ignored if they leave Europe. There is no way the government is telling the truth and now mainstream media is in Cameron’s pocket. With so many people rejecting BREXIT, this demonstrates how important this is to prevent the meltdown of Europe. Britain is being told to commit suicide to try to save Brussels, which they cannot possibly do. This now includes the media.