I agree except about calling them barking moonbats for they know exactly what they are doing and the have been doing it for the past 14 years under the umbrella of UN Agenda 21 signed by the first Bush and funded by Clinton. The US Congress as been funding this concept for since the first Clinton term and each year it gets more intrusive. In Cleveland where I am its call Vribrat2040 is has been being implemented for 4 years now. I have been to planing meeting and know what they are doing and 90% pf the US population would reject it if they knew what was being done to them. The sentiments of the people are being driven by this crazy program and have resulted in the Trump movement ans the Brits refecting the EU more in yet to come and the conflict will in all likely hood result id civil war in the US and North America and the globalists they to take of the world economies for personal gain.
Tag Archives: BREXIT
The British Pound & the Aftermath of BREXIT
Armstrong Economics Blog
Re-Posted Jun 24, 2016 by Martin Armstrong
The pound sterling had a smashing day ranging between 15016 and 13226 penetrating the 2009 low of 13508 as well as the 2001 low of 13680. That leaves the prior low of 1985 of 10520 on the cash (103 futures). This is rather important for it implies that we should see that test of the 1985 low as soon as 2017. A year-end closing below 14050 will signal that should follow course. Keep in mind that our model has been projection a significant dollar rally and the weakening of the EU will make that happen.
We have two incredible important numbers coming into focus for the closing of June – 13660 and we also have a Quarterly Bearish at 13680 and 14280. Obviously, if we close June below 13660, we should expect the pound to decline sharply in the months ahead.
On the Weekly level, a closing beneath 14000 will keep the pound in a bearish position. A merely closing beneath 14300 today will also signal that the pound is weak. There will be bearish sentiment, but this will begin to subside as people start to see that the EU cannot be sustained without the UK.
The European Union peaked back in 2004. It is done – just stick a fork in it. The arrogance of Brussels and their anti-democratic approach to force their elitist views upon the people is coming back to haunt them. Unless Brussels reforms, we will see the collapse of the entire EU structure right down to the Euro.
The Peasants Are Revolting – Disconnected Political Institutions Meet Their Monster Voters…
The BREXIT vote to leave was hoped for but I was not sure that the politicians would be able to rig the votes but the tide was to large and they couldn’t pull it off and the people have spoken. The exit process is 2 years long so the change is not a on/off switch so things will quickly return to normal except for the reason that this happened which is now fully in play. France and germany have elections and of course we have ours and they are all part of the same movement of an anti large government making laws that the people do not want. The movement is anti New Word Order and effect all most all of Western Civilization so there is a Yuge change coming!
The Panic has Subsided – Reality Returns – BREXIT Wins
Armstrong Economics Blog
Re-Posted Jun 24, 2016 by Martin Armstrong
Exactly 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.
Nigel 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.
Of 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.
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!
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
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?
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
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.
The EU is nothing without Britain
Armstrong Economics Blog
Re-Posted Jun 23, 2016 by Martin Armstrong
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.
China’s Reserves & the Flight of Money
Armstrong Economics Blog
Re-Posted Jun 22, 2016 by Martin Armstrong
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.
Constructing a Future
Armstrong Economics Blog
Re-Posted Jun 22, 2016 by Martin Armstrong
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.
So 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.
Centinel2012 