QUESTION: Marty, How the hell are you? It’s been too long. This case of charging manipulation of precious metals being “spoofing” is the end of the free markets. This eliminates the locals, and trading will never be the same. I remember when the lawyers over the insider trading cases with Michael Milken came to you, and you wrote about that back then and how they turned it upside down. Do you think turning spoofing into manipulation is the death knell of trading as we head into 2032?
Pat
ANSWER: Yes, it has been a long time. I don’t know how you trade size anymore. I would not want to trade a major fund in this atmosphere. I probably should explain why Milken and all those charged with insider trading were really innocent. During the Great Depression, insider trading was defined as a director who knew the company would go bankrupt, and he sold his shares BEFORE releasing that information. That is what REAL insider trading indeed was.
The problem with our law is that a prosecutor gets to create a new theory of the law and then charges you, and it can be precisely the opposite of what the law was intended to do. I saw them charge Muslims after 9/11 with money laundering because they paid off one credit card with another. That certainly was not the intent of money laundering. If you have cash now, they will consider it money laundering because you are trying to avoid taxes.
The theory they used against Milken was that, let’s say, you and I intend to take over General Motors. The legal theory was that we defrauded the person reading this from the same OPPORTUNITY to make money. They did not lose anything. They turned inside trading upside down. The various lawyers came to me because I had written about what real inside trading was back in 1986.
Trading has always been just a poker game. When I would call a bank for a quote, they would always try to read what I would do and move the spread in that direction. Sometimes, you have to pretend to be a buyer if you really have the size to sell. If “spoofing” is now manipulation, trading is finished. You cannot call Goldman Sachs and say, gee, I want to sell $1 billion. They will clip you.
John Maynard Keys wrote in 1926 “The End of Laizzez-Faire” which was the piece that argued that the government can MANIPULATE the economy by using interest rates to manage demand. It was the “New Economics” which completely failed. Before he died, he admitted he was wrong and that not even central banks could manipulate the trend of the economy, no less a single market. Paul Volcker, back in 1979, wrote about the failure of Keynesian Economics in his Rediscovery of the Business Cycle. I remember Paul and I had a conversation about that back in 1998.
Even Larry Summers, the father of NEGATIVE interest rates, admitted that economists cannot forecast the future trend of the economy. Absolutely NOBODY can manipulate any market that changes its direction. Yes, locals could gun for stops and move the quotes on the London Fix, so it kicks off the stops. But that does not change the trend. Those who have pushed this theory that the metals are manipulated have been wrong in their analysis. They push this theory that the metals rise with inflation when they have not done so for centuries.
Gold declined for 19 years, from 1980 to 1999, while the national debt kept rising so much for the debt and inflation theories. Gold does NOT rise with inflation – it rises with geopolitical uncertainty. And when we were on a gold standard, gold declined with inflation. Moving to some gold standard will NOT defeat the business cycle and prevent inflation. There is far more to inflation than just the nonsense of the quantity of money. Most of the theories these people push to sell their gold are false, and as a result, they then have to claim that gold has been manipulated to keep it suppressed to cover their ass, for their analysis is biased.
Even the propaganda they put out about the Great Depression is false. Commodities peaked in 1919 with the shortages thanks to World War I. Silver declined and made its low in 1932, with the stock market collapsing from its 1919 high. Then there is the propaganda that gold and the share market are supposed to decline because of Keynesian Economics raising interest rates. Sorry! That is also a myth and fake news, yet they preach that every time. The stocks soared, and they called it the Trump Rally while the Fed kept raising rates. Gold also rose with rising interest rates.
Welcome to the chaos and misinformation that has plagued investors since the Great Depression.
While some economists are flipping from pessimistic to increasingly optimistic the US will beat inflation without a near-term recession, some still preach the standard doom & gloom prophecy for the economy. Everything in their field always turns on the Keynesian Model of interest rates, with the standard fallout from higher interest rates always will depress the economy, including real estate and stock trading. They will even point out that the Fed’s forecasts are typically wrong but never look in the mirror themselves.
The economic profession clings to Keynesian Economics because they have no alternative. So they have a broken clock, and it is always high noon, or perhaps it is midnight. That depends on which side of the bed they got out of that morning. Even Keynes began in 1924, arguing that economists can manipulate society to eliminate recessions. But before he died, even Keynes admitted that everything he fought against, the business cycle, was simply wrong.
Even Arthur Burns, who was the head of the Federal Reserve when Bretton Woods collapsed, concluded that Keynesian economics had failed. The business cycle always defeated every theory economists devised to try to eliminate it. That was even Karl Marx’s goal of Communism. Seize all private assets, and that would terminate the business cycle. Well, even Communism failed.
Now we have our modern-day Marx, Klaus Schwab, who is trying to force the entire world to adopt his version of communism where once again, “You will own nothing and be happy.” Schwab has failed to understand that ALL social-economic advancement comes from curiosity. If people have no incentive to dream, they will never advance. That is why communism fell, and Schwab does not get it because academics, more often than not, are still pursuing this dream of ultimate power to defeat the business cycle.
To force his theory upon the world, we must become like cattle — herded and denied our very freedom. To Schwab, privacy must be terminated. The state must control everything to defeat the business cycle. These people seem to want to play God because they clearly have no respect for the very nature they pretend to be so concerned about, and we, too, are part of nature.
I went behind the Berlin Wall in the late ’70s with a friend to visit the family trapped there in East Germany. His cousin took us around, and if anyone were close to us, she would say how wonderful the government was in caring for them, for indeed, they owned nothing. As soon as nobody was around, she cursed them in every language she knew.
I did my research at the Firestone Library at Princeton University. They had many newspapers on microfilm. This was where I discovered the list of panics that led me to what became the Economic Confidence Model. I became friends with a professor there. He said that I reminded him of Einstein. I was shocked. I said I was not a physics genius. That is when he explained that my curiosity in figuring out how the world economy functioned was the same trait that Einstein attributed his discoveries to – curiosity.
Over the years, that encounter opened my eyes to understand why Communism collapsed, and this is what Schwab and his World Economic Forum are trying once again – total control. That is what Communism prevented — human individuality. Without CURIOSITY, nothing will ever be discovered. If I were not curious about why civilizations rose and fell, which became obvious from history, I would never have discovered the Economic Confidence Model.
Schwab’s very idea of how to control the world is what fails. You cannot dehumanize society, for the elite are NOT the people who discover things – they pretend to sit in judgment over those who do create things. I have observed this not just in academia and governments but at the corporate level as well.
I have worked with some of the largest companies around the world. The boards tend to get occupied by accountants and lawyers. Far too often, they get rid of the people with curiosity who founded the company. Without them, they lose the creativity that made the company in the first place; Project Veritas is dead. I will never donate 10 cents. In 1997, Jobs returned to Apple as CEO after acquiring NeXT. He was primarily responsible for reviving Apple, which was on the verge of bankruptcy because it lacked the vision and curiosity of a person who creates rather than dictates. This is EXACTLY why communism failed. They eliminated the creators and their curiosity.
I know some non-programmers think Bill Gates built a bigger company than Steve Jobs. However, it is well known among programmers that Bill Gates didn’t write the operating system which made Microsoft known as DOS. Gary Kildall (1942-1994) wrote CP/M, an operating system that ran on early microcomputers based on 8-bits. IBM perhaps wouldn’t make a deal with Kildall. Bill Gates bought what became MS-DOS from Seattle Computer Products for $50,000 and licensed it to IBM.
Gates’ mother, Mary, was a board member of United Way of King County. Also on the board was John Opel, then-chairman of IBM. That was his entry to IBM. DOS was actually written by 22-year-old Tim Paterson (born June 1, 1956). How much of Kildall’s intellectual property he appropriated is a matter of some dispute. IBM later did make a deal with Kildall by some accounts after threatening to sue IBM because DOS infringed on his copyright. The early IBM PC was sold with both CP/M and DOS operating systems, but CP/M was sold at a much higher price. Many never were aware of the two systems. Most buyers chose MS-DOS, which became the standard or were steered toward MS-DOS by IBM.
Gate’s reputation has always been cloudy. His co-founder of Microsoft, Paul Allen (1953-2018), wrote in his memoirs that Bill Gates is a ruthless schemer who demeaned his employees and conspired to rip off his business partner. Bill Gates could not compete against Steve Jobs as a programmer. Steve Jobs created his own computer and software from scratch.
This is why Klaus Schwab thinks Gates is the #1 entrepreneur of the century. He was able to manipulate the people and expand the business on an operating system he never invented and bought for $50,000 from someone who was the real creator with curiosity, not Bill Gates. Everything he has done since then is always about manipulating society to achieve his ideals, not science. Sorry, Gates does not even reach the honor stage of the true entrepreneur. That is reserved for creators ONLY!
COMMENT: Now that it is painfully clear , there is no law in the United States, my question would be how long before the great unwashed, realize this ? I understand Socrates, is looking into 2024 , in the panic cycle increasing . What I see coming , are the populations of the world finally coming to the realization this fact , “ the legal system “ no longer exists & masses will reject it en mass , at which point all hell will break loose , and those carrying out the persecution of innocents, will pay for their treachery in blood .
What I find staggering is the fact that ,a group of psychopaths could take us to this point , and nobody stood up to stop them . As we will see going forward, is how the “ white hats “ or simply good people , will feel tremendous guilt for standing by and not speaking out (again) or taking action ,to protect their paycheque, rather than taking the right and just ,action to prevent this madness . Then again ,this is of no concern to the psychopath state , for they have already proved to their, sick cabal , once ( from the COVID experiment) that the masses will do nothing , even as their loved ones are killed off , with poison. Injections. GOD HELP US ALL ! DL
REPLY: Unfortunately, this is all part of the cycle of the rise and fall of civilization. Once you hand someone power, it changes them, and they will act in their own self-interest to always expand that power. Our computer has projected that there will be a Directional Change in 2022, and it will begin in 2023. They realize that they are losing power. This is why they are becoming desperate. Just 30 years ago, they at least pretended to be ethical. Today, they do not care. It is like someone who stole $20 from you, and you knew but said nothing. They come back and took another $50, but you said nothing. Then they come back a take $1,000, and suddenly you get mad and ask why? You never cared before?
We have virtually every conflict in our database since ancient times. These forecasts are NOT my personal opinion. Socrates is by far the most sophisticated and accurate Artificial intelligence system on the planet. That’s why all the powers tune in. Personally, I am ready for Scotty to beam me up. I have had a psychic write-in and say I am some old soul, and I volunteered for this. My reply is I must have been drunk, or I misunderstood. This is NOT my opinion against someone else. Sorry! Here are just five models from five important events, and they are ALL projecting targets from mid-2024 until January 2026.
I laid out at our 2011 WEC in Philadelphia that it would all start in 2014. Our computer even projected it would begin in Ukraine. On December 3rd, 2013, I warned that Ukraine was the place to watch. Let’s get real here. The West did instigate the civil war in Syria. That was to help Qatar get a pipeline through Syria to Europe to compete with Russia. That was the whole issue and Obama’s agenda. The Neocons have been trying to cut off Russia’s energy sales in hopes that it would collapse. This is why they targeted Ukraine since the pipelines to Europe go through Ukraine. They blew up Nord Stream Pipeline, which is why Victoria Nuland ran to Neger because the deal was they rook out Nord Stream; Germany said nothing because an alternative deal was struck with Nigeria to bring a pipeline for gas from there to Europe. It had to go through Niger the same, and the one from Qatar had to go through Syra.
The Neocons do not care that Russia is capitalist. Communist collapsed. That does not matter. Instead of creating world peace, and there would be this huge “peace dividend” when Russia fell, that was all undermined by the Neocons. They are evil psychopaths intent on dominating the world precisely as Khrushchev had threatened. The Neocons are just evil people. Inside EVERY country, there are ALWAYS people who are pro-government and anti-government. Not all Russians and Chinese agree with their governments any more than all Americans believe Biden.
Well, Khrushchev was removed from office because he destabilized the world. He is dead but the Neocons in the West were all fired up and have refused to stand down. Watch the movie the courier, and you will see that the dissent inside Russia warned the West all about Cuba – it was not our intelligence agencies.
On June 25, 2020, BEFORE the 2020 election, we posted that the election would be manipulated and that Trump should have won. Still, our computer was warning he would probably lose since our geopolitical models showed it could not be Trump starting wars. We will not even make it to the November 2024 elections. This corruption will lead to a turn in the entire world economy post-May 7/8th, 2024. The 2020 election took place on November 3rd, 2020 (2020.841).
Our Rubicon Moment currently may very well be 2023.981 – December 24th. Julius Caesar struck his Rubicon Coinage with the image of an elephant crushing a dragon-headed snake representing the corrupt Senate. Cicero was one of the oligarchs, so he put out the fake news to support their corrupt seizure of the Senate exactly as we see today. History repeats because human nature never changes.
The political storm clouds are gathering. Perhaps this will be our political Christmas gift to the world so they see America as not much different than a banana republic. Maybe that is why Biden is flooding the country with illegal aliens with their hand out for welfare and will give them the right to vote. Democrats in Texas are already proposing that illegal aliens should have a right to vote as long as it is for them. This is an economic war for the United States’ very survival as we know it. These people wage wars and draft our children to die for their vendettas and pretend this is democracy when we are NEVER asked – should we wage war – Yes or No? We have no say in a Republic. It is still a dictatorship.
However, this is also an incredible opportunity. Our present form of republican governments worldwide that pretend we live in a democracy is coming to an end. It is time to begin thinking about what form of new government we created and, just for once, realize that handing power to anyone corrupts their very soul. There MUST be term limits, and any sort of social manipulation can NEVER be allowed. Rome had peace for 1,000 years, NOT because it was one government, but because everyone benefited. Each province was able to sell its goods throughout the empire. There were no trade barriers or attempts to manipulate society for some fictional equality.
FREE TRADE created peace. When everyone benefits from free trade, there is no war. When Russia could sell into the US economy, as did China, it benefits their people who do not want their livelihoods disrupted. When we put on sanctions thinking it will cause the people to rise up and overthrow their government, they are not stupid. They know it is NOT their government – it is the United States and Europe who have become the new dictators of the world. This parody of the sanction has a point. By shutting down world trade, we encourage international war.
The stupidity of the human race is legendary.
NOTE:
Those in power reading this, you will lose. You have NEVER won even once in history. Think hard before you challenge history. Shakespeare’s line about the lawyers needs clarification. Only the King was allowed to have lawyers. They were effectively prosecutors like those going after Trump, who are so stupid to think the other side will not retaliate and do the same. The people will always rise up and hang the oppressors in government. It is time to stop this cycle of bloodshed and realize your quest for a totalitarian state will not materialize, and that goes for your cheerleader – Klaus Schwab. Those in power will own nothing, and I doubt you will be happy. Stop this insanity and wake up. Russia had a bloodless revolution in 1991. Let’s do the right thing. Schwab is preaching Communism all over again – OPEN YOUR DAMN EYES!
QUESTION: Marty, I have tried to convince some family members of the deep state and the trend in front of their eyes. No matter what I say, they ignore it and call me crazy. Should I give up?
DP
ANSWER: Look, the vast majority are simply the herd. They prefer not to think analytically. They feel comfortable thinking the government really cares. They still want to live the dream that Santa Claus is real. I would estimate that this represents at least 70% of the population, and at times it has risen to as high as 85%. I based that on simply looking at the election cycle. No president has ever won even 70% of the popular vote. The real decision makes, I would put at about 10%. They are the independents who vote on issues and will vote for either party. The rest are core Democrats and Republicans.
Physiologically, the need to remain as part of the herd. You will NEVER convince them. You can only preach to the choir. Looking at history, this will change, but it must come with pain and sorrow that forces them to reassess their life. Consequently, do not try to beat your head against a brick wall. Just say, when you open your eyes and mind, call me. They will remember that. They MUST come voluntarily. You cannot drag them any more than you can drag a horse to water.
Historically, there comes a time for a paradigm shift. That is when we should see at least 40% of the people who then support change. In the case of the American Revolution, Thomas Paine wrote Common Sense. That publication moved the people finally, and an uprising against the king. His work was so influential that the English struck tokens targeting him with the slogan:
END OF PAIN
As we move closer and closer to 2032, we will see this shift post-2024. We should begin to witness this paradigm shift toward anti-government form by 2026. It will most likely explode in 2029. This is all necessary for the people must come voluntarily. It will be 2032 when we witness perhaps as much as 60%-75% of the people demanding the end of Republic forms of government.
You will NEVER get 100% consensus on anything. Some people ask me what would happen if everyone used Socrates. I respond nothing different. But the question is rather absurd. There will NEVER be such a consensus. Here is a colonial note from George promising it is back by confiscating the assets of those who supported the king who could NOT voluntarily depart from the herd.
The public is not concerned about “Russian aggression,” the Trump inditement, or even the MSM wrench about aliens. No one cares — the average person is struggling to keep up with the rising cost of living. Homelessness is on the rise as people cannot afford shelter. The blank checks to Ukraine are a slap in the face of those begging for help at home. These politicians need to work for us. No one campaigning is going to make a dent in the polls unless they clearly detail how they plan to address INFLATION! And no, the problem is not limited to America. The solution cannot be a universal income, currency, or Great Reset. The economy was strong before they attempted to BUILD BACK BETTER.
Posted originally on the CTH on August 19, 2023 Sundance
For his weekly monologue, Neil Oliver hits on a familiar metaphor. The grand theatrical performance of global politics and the orchestration of the actors and scripts. The difference, in this modern era, is that no one in the audience is watching the pantomime any longer; it is all too predictable. WATCH:
The international age limitation on military drafts is generally 18 years or older. Canada and Australia put it at 17 years old. Zelensky has imposed two decrees which prohibit the departure of teenagers aged 16-17 from the country, effectively turning Ukraine into a prison camp. Over 8 million Ukrainians have fled from this tyrant. He has burned through the adults in his army. Instead of entertaining any idea of peace or just allowing the Donbas to vote peacefully as he pretends to defend Democracy, Zelensky has turned to mobilizing the children so he does not have to admit he is wrong. Zelensky is in good company. Time Magazine also named Hitler and Stalin, twice in 1940 & 1943, all Men of the Year.
With a second decree, Zelensky tightened the conscription policy and not just drafted children under 18 but also disregarded whether they were fit or not for military service. On Zelensky’s orders, he is now taking children by force. He refuses to consider the population of Ukraine but prefers to only talk about how great it will be for investors to buy Ukraine since he is killing off the population. He refuses to negotiate and seems to be intentionally turning the people against him personally.
There are many Ukrainians who are starting to see the light that their enemy is Zelensky – not Putin. The day before the invasion, he told the press that Ukraine would rearm with nuclear weapons. That was the final straw; Putin even said that in his speech to the nation as the reason to invade, the same as the US concern over Cuba back in 1962.
Even the pro-Ukraine Washington Post, which would love World War III to sell more papers, reported that Zelensky knew when Russia would invade and did not warn his people because of money. “If we had communicated that … then I would have been losing $7 billion a month since last October, and at the moment when the Russians did attack, they would have taken us in three days,”Zelensky said.
If Zelensky is assassinated, the West will blame Russia. There is far more incentive to kill this high-heel pretend head of state from inside the ranks of Ukraine for destroying their country, all on the orders of the Neocons for a strip of land that has been the home of Russians for hundreds of years. Russia did NOT invade Ukraine; it came to support the Donbas, which was supposed to have a democratic right to vote on their separation under the Minsk Agreement. Why should China, Russia, or any country trust the EU and the United States ever again when they do not honor agreements?
The lies are just over the top. Ukraine was free. Just honor the Minsk Agreement; the Ukrainians had their first country in history. But no! Zelensky is lining his pockets while pretending he was fighting for freedom and demonocracy when that was secured under the Minsk Agreement. This is going down in history alongside the weapon of mass destruction. The Neocons also bullshitted the world for another one of their endless wars they never win. These people are the real war criminals. They start wars all for their deranged view of hatred.
Zelensky has done nothing but try to drag the entire world into his war against Russia. And for what? A territorial grab where Ukrainian have never lived? Any politician who supports Ukraine and this deliberate attempt to create World War III should be barred from ever holding any public office, including a dog catcher or a sanitation worker cleaning toilets.
He wants to kill off our American children now so he can create the biggest investment project with Blackrock – real blood money. Personally, I would not advise anyone who puts money in Blackrock. They should take a gun, go to Ukraine, and fight like they want everyone else to do so they can make their subsequent big profit over the blood of our children. Pure evil scum! I would not invest with any firm looking to do business in Ukraine.
Posted originally on the CTH on August 17, 2023 | Sundance
Shadow Banning is the term given to social media backroom activity that uses computer algorithms to shrink user account engagement without informing the user. The process involves putting friction upon the account to block amplification and control engagement. The user doesn’t see the process, they just notice a severe drop in the engagement by other users on the platform.
Last year, Elon Musk promised to start letting the account holders see what level of friction they were assigned to by letting the users see their shadow ban status. However, that promise was never fulfilled. Musk was questioned about why the X platform, formerly known as Twitter, has not followed through on the transparency pledge.
Continuing the process of pretending not to know things, Musk says transparency is hard.
(Washington) – The long-hated process of shadow-banning on X, formerly Twitter, soon will change, according to owner Elon Musk.
At the Viva Tech conference this week, the billionaire said he plans to address the issue soon. He said the company is working on a plan that will let people see if their account was affected by the Twitter system.
“Sorry it’s taking so long,” Mr. Musk posted. “There are so many layers of ‘trust & safety’ software that it often takes us hours to figure out who, how and why an account was suspended or shadow-banned. A ground up rewrite is underway that simplifies the X codebase dramatically.”
Shadow-banning is a practice where users have their accounts partially silenced without their knowledge. If users are shadow-banned, they can still post but they will notice engagement drops significantly. Since there is no way to officially know that a user is shadow-banned, the issue has been politicized. Conservative accounts consistently claimed they were shadow-banned for speaking out against vaccines or the 2020 election. (read more)
This statement from Musk follows on the heels of X-Corp CEO Linda Yaccarino saying, “If you are going to post something that is illegal or against the law, you’re gone. Zero tolerance. But more importantly, if you are going to post something that is lawful, but it’s awful, you get labeled. You get labeled, you get deamplified, which means it cannot be shared, and it is certainly demonetized. … So, they [advertisers] are protected from the risk of being next to that content.”…
It doesn’t take a deep thinker to understand why X-Corp (Twitter) would not want users to know the reason for their shadow banning or deamplification. Once people become aware of the content they generate that assigns them a label, the control units within X-corp then need to justify their labeling. Transparency runs counter to the intentions of those who control information; that’s why Musk has never followed through.
In the bigger picture, there are legal ramifications when this shadow banning, labeling and definition system is rolled out for the entire North American internet. This is the conversation taking place now in the closed-door meetings of DHS and the various organizations conscripted to develop the process.
Elon Musk is not John Galt. Remember that!
Elon Musk has one prism that is at the forefront of his decision making, money. From my calculations, there are less than eight weeks remaining before Musk and Yaccarino need to go back into the capital markets looking for additional funding. Watch what happens over the next two months.
How does Janet Yellen still have a job? She is completely out of touch and merely a mouthpiece for the political elite. Treasury Secretary Janet Yellen had the audacity to claim that most Americans are happy with their financial situation despite every bit of data indicating otherwise. “So, they seem to perceive the economy as a whole as doing less well than they are personally. But most Americans feel good about their own economic situation.”
The CNN reporter questioning Yellen mentioned a poll in question showing that 75% of Americans realize that the economy is in poor condition. Another 63% said they disapprove of how President Biden is addressing the economic crisis. The reporter asked Yellen if she could assure the people that prices would go down, and she said no. Inflation allegedly is declining based on government data but people are still paying significantly more for absolutely everything.
Yellen is completely in bed with the WEF and the BUILD BACK BETTER global elite. She admitted that the true reason behind the Inflation Reduction Act was to propel the climate change agenda. “The Inflation Reduction Act is, at its core, about turning the climate crisis into an economic opportunity,” Yellen admitted. She is either mentally impaired or dismissive of the true struggles Americans face. Since Biden is incapable of campaigning, Yellen is traveling around the states and touting the imaginary success of Bidenomics.
The most inflationary driver is war. When questioned, Yellen said it was simply Russia’s fault that the US was involved in this proxy war, and only the Russian economy is suffering. There are now questions on whether the white powdery substance found in the White House belongs to Yellen. She recently called the US debt downgrade “arbitrary” and disagrees with the data. She does not speak as an authority on economics, but rather, she speaks as if she were a puppet of the WEF implanted in government to spread economic-related propaganda.
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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
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