QUESTION: Many people who are Jewish and Christian would love to destroy the Dome of the Rock. We hear Christian zealots pushing this event to bring about the Second Coming and Armageddon. Does Socrates show anything on this subject?
Do you plan an update on your Middle East War Report? It’s been almost ten years, and 2024 is here.
IW
ANSWER: I have visited the Dome of the Rock and paid my respects. Jerusalem is the crossroads of three major religions – Jewish, Islam, and Christian. Disputes over specific locations abound throughout the city. There has been a long-running and undeclared war between two of Israel and Iran – the Middle East’s most implacable foes. I am deeply concerned that 2024 was the target year for this confrontation to burst to the surface. The October 7th Hamas/Iran attack on Israel was the beginning.
To the Jews and Christians, this is known as the Temple Mount, while the Muslims call it the Dome of the Rock. It contains a huge rock that the Jewish tradition says is that this is where Abraham was told to sacrifice his son. To the Muslims, the rock is the spot from which the Prophet Muhammad was taken up into heaven for an encounter with God (an event known as the Miʿrāj). Thus, it is the same rock, symbolizing the clash between these religions.
There are some Christian Zealots who want to destroy the Dome of the Rock to force the Second Coming and Armageddon. Yet there are also far-right Jewish Zealots advocating the destruction of the Dome of the Rock to pave the way for building a Jewish temple. The initial construction of the Dome of the Rock was undertaken by the Umayyad Caliphate on the orders of Abd al-Malik back during the Second Fitna (691–692AD). It was constructed on top of the very site of the Second Jewish Temple, which had been constructed in c. 516AD to replace the destroyed Temple of Solomon was reconstructed by Herod the Great, the Jewish King of Judea from 37/6BC to 4/1BC. It was that Temple that the Romans destroyed in 70AD.
It was only after the Six-Day War was over by June 10th, 1967 (1967.441) that Israel’s capital city, Jerusalem, was reunited. For the first time in 19 years, the Old City was open to believers of all faiths, and Jews could access their holiest sites. I was fortunate to have visited everywhere in the late 1970s. Cyclically, that was precisely on time under the model.
It was 51.6 years right on target from the Six-DayWar that the negotiations began, and within two months, on March 25, 2019, then President Donald Trump signed the Proclamation on Recognizing the Golan Heights as Part of the State of Israel. It was then, from May 3rd to 6th, that the Gaza–Israel clashes began (May 2019) also on time.
Israel allowed Jews to pray on the Temple Mount. The Jews have been praying at the base of the Temple Mount, where the old Temple Wall still remains. Jordan, the custodian of the Dome of the Rock, demanded that the government cease Jewish prayer on the mount. The Israeli government avoided formally addressing these silent prayers. They occur on the eastern side of the Dome of the Rock/Temple Mount, albeit without traditional Jewish prayer items such as tallit, tefillin, or siddur.
Our computer has been projecting a rising confrontation and has targeted 2024 as the key turning point. I also reported on that in the February 13th, 2023 post in the last update. Yes, I will update this.
Posted originally on Apr 12, 2024 By Martin Armstrong
QUESTION: Can central banks not even manipulate the markets?
FS
ANSWER: No. Here is the track record of the central banks when they created the Group of 5 (now G20) in 1985. I warned them they would create a crash within two years. But look at what happened. The fools assumed the central banks could manipulate the dollar. When the Plaza Accord took place, the dollar had already peaked. Because the fools thought the decline was all because of the central banks, when the dollar had fallen too far, they held the Louvre Accord and came out saying the dollar had fallen far enough. When the dollar moved low again, the 1987 Crash too place BECAUSE the central banks were perceived to have no control.
I was named FOREX Person of the year for calling the collapse of the Swiss/Euro Peg. I even met with the Swiss central bank and warned them, They said they would be able to hold the peg and and said now way. I have met with more central banks than probably anyone – ever. I have been in the room when the red phone was ringing between the G5 on manipulating currencies. I need not engage in conspiracy theories. We have first-hand experience.
Even go back to the US Civil War. The dollar was collapsing, and the price of gold soared regarding greenbacks. Lincoln did everything. He shut down gold trading on the New York Stock Exchange. They then traded on the curb and created the Gold Room. Nothing worked.
Here is the New York Times from November 18th, 1864. They observed the “folly of attempting to regulate the price [of gold] or any other article of traffic by forcible interference.” Anyone who claims that gold was suppressed because of manipulation made that up because they do not understand that gold DOES NOT rise linked to inflation. Gold soars when there is a collapse in confidence in government and in times of war, just as it did during the Civil War.
Gold declined for 19 years while inflation rose and the National Debt exploded. Gold has rallied only when the CONFIDENCE in government has declined as we are seeing today. People are getting very tense. In Texas, a guy drove his 18-wheeler into a Texas Public Safety office after being denied a Commercial Drivers License.
CONFIDENCE has collapsed by about 50% since 1980. The movie coming out tomorrow on April 12th is the Civil War. Such a movie 20 years ago would have been unheard of.
Posted originally on Apr 12, 2024 By Martin Armstrong
COMMENT: I just had to say thank you. I kept a copy of your private post What Are the Markets Telling Us? from FEBRUARY 24, 2024. Your model called for a high in January, the false move to retest support in February, and a resumption of the trend into April. You have taught me so much about how markets move. Only a fool buys and holds, expecting every month to be higher.
Keep up the great reports. This is when many say we need you the most.
Jeb
That Post 2/24/24 Was:
The UK has a slightly different pattern from continental Europe. Germany shows a Panic Cycle in June. But the targets are shaping up as May and July. Blending in gold, January was high, and Feb has retested support, yet softly. Volatility should rise now going into March, and April 19/20th is the ECM turning point of the Ukraine/Russia War, followed by the main ECM target of May 7th. Here, too, we see rising volatility in gold from May into August, with a Panic Cycle in September and the peak in volatility in November probably related to the 2024 election.
ANSWER: Thank you. Everything moves in a cycle. Many of the great discoveries come only from observing how markets trade. John Law traded on the exchange in Amsterdam and came up with the theory of Supply and demand.
Sir Thomas Gresham also traded on the floor in Amsterdam, representing the English Crown. He saw how Henry VIII’s debasement of money caused people to hoard the older money, which actually shrank the money supply, forcing the state to debase even more. He came up with the idea that bad money drives good money out of circulation.
I invented capital flow analysis because, in the ’80s, I, too, observed how capital was rushing around the world, driving markets up and down. If you do not open your eyes, you will remain nothing more than the fool on the hill.
Only a fool refuses to learn about the markets. If you cannot grasp this basic fundamental principle, forget investment; you are just a fool who will lose everything. There are always false moves. That is how the market is propelled by moving in the opposite direction, creating bull and bear traps. Every rally in gold for 19 years was touted as this time will be different. When they failed, they blamed the bankers. NOBODY but NOBODY can manipulate any market, altering its trend. They can push the market around within the scope of support and resistance. But they cannot change the trend no matter what.
All the bankers and hedge funds were on the same trade with Russia. I was invited down to the dinner they put on to buy influence in the IMF at the National Gallery. I told them the market would crash and refused to join. When it crashed, they blamed me rather than admit they were all wrong. If they were so powerful, why do they always blow themselves up with Russia, mortgage-backed securities, you name it?
No market can be manipulated against its inherent trend. Anyone who claims gold was suppressed because it was manipulated simply was an excuse because their analysis was wrong. That is total BS to claim any market can be manipulated, converting a bull to a bear market. Everything is arbitraged on a global scale.
The majority is ALWAYS wrong, and that is what creates the crash. They are all long, try to get out, and there is no bid. Look at the Slinky moving down the steps. The opposite side gains the majority of power and then pulls the other side down, and so on. This is how the markets move. It is always a battle between bulls and bears, which is why the markets can never go in one direction. The same is true about everything, including climate change. The climate has always changed the same as markets have always risen and fallen, only to rise again. Marxism did not understand this fundamental, and it, like some gold bugs, tried to make the economy rise and never fall back into recession.
The French physicist Jean Foucault discovered what is known as the Foucault Pendulum. He proved that the earth rotated on its axis. The pendulum was constantly moving back and forth like markets by its own inertia. In the course of 24 hours, the floor moved in a circle. Since you are standing next to this pendulum at the Houston Museum of Natural Science, the illusion is that it moves in a circle when you and the floor are fixed on Earth.
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