More Trudeau Pictures Surface – Prime Minister Says Can’t Recall Number of Times He Wore Blackface…


As more pictures of Justin from Canada begin to surface; and with at least three instances currently known by media; the Canadian prime minister said today he cannot remember how many times he wore blackface.

TheLastRefuge@TheLastRefuge2

Prim Minister @JustinTrudeau is the personification of the David Mamet Principle which says (in essence): In order for cultural progressives to force compliance with their ideological demands, they must also pretend not to know things…

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Do the Numbers Really Matter or is it Just a Feeling?


QUESTION: Hi Marty,
Just a little curious after reading your blog on ‘Can Anyone Really Influence Elections?’ , I was wondering if your model actually showed that India would get a majority mandate to the ruling dispensation a second time even though the Economy had been growing weaker over the last few years especially post 2016 (in their first term). From what I understand after reading your blogs is that Economy is a major factor/force in deciding people’s verdict. Would you say that its the ‘ Right ruling parties’ getting dominant globally or that ‘Economy comes after Politics’ that’s the reason?

Many thanks in anticipation,

US (India)

ANSWER: Yes, but the real economy was declining. They can play with the numbers all they want, but the real trend is set in motion by the true “feeling” of the people. The bulk of the people do not listen to the financial news or have any clue as to the numbers the government produces. They vote based upon what they actually see. This is why Trump and Brexit won. Playing with the numbers and trying to manipulate polls does not work. The truth will always surface. That is what makes the trend move. It is why Quantitative Easing has failed. It is why the decline in the economy of India is being blamed on anyone but the government. Canceling the currency in a declining wave was a disastrous move on the part of the government.

Reversals – Energy – A Different Dimension


QUESTION: Hi Marty… I’ve been reading your blog for several years now.

I’ve been trying to understand the basics about your reversal system is with no luck.
Yet I’ve been trading stocks with only simple trend lines for years using basic tech A.

PS I still don’t even understand how the Federal Reserve works either… they don’t teach you that stuff in high school!

Yes, I’ve watched every video or post on reversals on your site and not getting it. I know I’m not that smart but I’m not that dumb either!

Can you pretty please post a very clear layman’s chart using a stock or a commodity with prices like gold to show us dummies so we “GET IT”

Thanks Marty….

A dumb Canuck

ANSWER: Look, the reversals are a black box and I keep it that way along with the Schema Frequencies. This is a physics solution to how the world ticks. It is not a simple moving average, stochastics, or one-dimensional formula. It is highly complex and many people have tried to reverse engineer it but have failed. They may think they have come close but they cannot account for the next number.

Traditionally, economists argue there is a business cycle, but nobody can forecast the cycle. Therefore, with tools of interest rates, taxes, and money supply, governments can manipulate the business cycle. The problem is that even Larry Summers admitted that he cannot forecast the economy. This stems from the problem of their failure to understand cyclical movement,to begin with. The Schema Frequencies resolve the complexity of cyclical movement.

The Energy indicator is against based upon physics and it exposes the true opposing forces at work irrespective of the superficial price levels. The key to this is looking for the divergence when prices are rising and Energy is declining. This is a warning signal that such a rally is NOT sustainable. Likewise, when prices are falling but Energy begins to rise, once more there is a divergence warning that the decline is losing energy and a low is near. Just look at this daily chart on gold. You can see the divergence as Energy peaked well in advance.

These indicators are not your standard variety of analysis. They are entirely beyond the one-dimensional analysis world for the markets are not only all connected globally, but the entire system is fractal. So we have a fractal relationship within each market and then a fractal relationship on a global perspective.

The models do all the calculations that are humanly impossible to carry out before a market even closes. It allows us to stand back and see the overview which then reveals the trends. Many have tried to prevent our forecasts. They have tried to ignore what this computer has been doing in hopes that I will die and that will be the end of it. I see this as a means to an end — to help society manage the business cycle without destroying our human rights and our freedom. I have to protect this because there are those who would use it behind the curtain for personal gain against the world.

Sometimes in life, we stumble upon something like the discovery of penicillin. It has saved lives. People just accept that and do not need to know the formula behind it.

The Coming Economic Crisis told in Spanish


 

Top Canadian Intelligence Official Arrested for Leaking Secret Information….


Cameron Ortis, a director general with the Royal Canadian Mounted Police’s intelligence unit (RCMP), faces three charges of violating intelligence laws and leaking sensitive information.  While the destination for his leaked intel is not revealed, his professional business profile shows he speaks “fluent mandarin Chinese“. So, connect the dots…

Obviously Justin from Canada wants to keep a tight lid on the spying compromise; and unfortunately, with the Canadian election a little more than a month away, the compliant state-run media are more than willing to try and downplay the issue.

OTTAWA (Reuters) – A top Canadian police intelligence officer has been charged with leaking secret information, authorities said on Friday, in what could be a major security breach.

Cameron Ortis, a director general with the Royal Canadian Mounted Police’s intelligence unit, faces three charges under a little-used 2012 security of information law.

“It is alleged he obtained, stored and processed sensitive information … with the intent to communicate that information with people he shouldn’t be communicating to,” federal prosecutor John MacFarlane told reporters outside Ottawa’s court house after Ortis was charged.

Sources with knowledge of national security investigations described Ortis as former RCMP Commissioner Bob Paulson’s most elite adviser on issues related to national security. Paulson was in office from 2011-2017.

“Operationally, this could be very, very bad,” said Stephanie Carvin, an assistant professor and security expert at Ottawa’s Carleton University.

Canada is part of the Five Eyes intelligence-sharing network with United States, Britain, New Zealand and Australia.  (read more)

Is it really a surprise to anyone?…

Can AI Think?


QUESTION: In George Gilder’s book “Life after Google” he states:
“AI cannot compete with the human intelligence that connects symbols and objects. AI cannot do without the human minds that provide it with symbols systems and language; programs it; structures the information it absorbs in training, whether word patterns or pixels; provides and formulates the big data in which it finds numerical correlations; and sets up the goals and reward schemes and target sequences that allow it to iterate, optimize, and converge on a solution. Consisting of inputs cascading through complex set of algorithms to produce outputs. AI cannot think at all.”

As someone who has developed Socrates I was wondering what your thoughts are as to the future of AI?

CSK

ANSWER: George Gilder is not a programmer. His comment is just skimming the surface. There is no complex set of algorithms that will stand the test of time. A computer cannot think, which is correct. That does not mean it is impossible to beat humans. Even Big Blue defeated the best chess player. A computer can analyze every possible strategy and select the best one whereas a human cannot.

When I designed Socrates, I fully understood that there could be no fixed algorithm that would work because the world was all connected and moving dynamically. After all, no empire ever lasted. Everything rises and then falls.

Feeding everything into the system and designing it to investigate, as I would in the human world, allows AI to make decisions based upon those investigations. It does mimic my thinking process, but it is not a biological entity so it has no soul and cannot think.

I taught it language and how to speak back in the 1980s because it would come up with conclusions that baffled me. I had to devise a way to communicate with it to understand how it reached certain conclusions.

EU Parliament & How they Protect the Bankers


A number of people have asked me to comment on Bloom’s speech on the floor of the European Parliament. He is incorrect in attributing the insolvency of the European banks to fractional banking. They have blown themselves up because of derivative exposure, not actual lending.

The US banks survived and have prospered BECAUSE of TARP. The US government bought the toxic financial waste they created so the bankers got away with it again. In Europe, the design of the euro was to deny creating a national European debt, therefore there could be no bailout because that would mean the money would flow from one country to the another to bail out their banks. Hence, European banks still have the tonic financial waste on their books from 2007.

The central banks are ARTIFICIALLY manipulating interest rates down to try to save the banks, but this Quantitative Easing has not only failed, it has set the stage for the next financial disaster — the collapse of government pensions and private pension funds. These funds are regulated and it is mandated that they have government debt for that is “risk free,” so they claim.

The bankers sell the government debt so the politicians cannot let the bankers fail for they also fund their elections. This entire mess is not going to be held off much longer. We will be looking at this in great detail at the WEC in Orlando (Oct. 25-26).

Report: PM Boris Johnson Has Simple Plan to Legally Stop Brexit Extension….


If this simple procedure is true, wow… It would mean all of last week’s parliamentary teeth gnashing by the usurping Never-Brexit MP’s was essentially irrelevant.

According to a Reuters report, Prime Minister Boris Johnson simply needs to attach a letter to the Brexit delay legislation saying the U.K. government officially does not request any extension beyond October 31st.  Then ignore it.  That was easy.

(Reuters) – British Prime Minister Boris Johnson has prepared plans to legally stop any Brexit extension, the Daily Telegraph bit.ly/2ZP87Ycreported late on Sunday.

Johnson’s advisers held a meeting on Sunday to counter the strategy to prevent the British parliament’s attempts at enforcing a three-month Brexit extension if no new deal is agreed, the newspaper reported.

A plan under consideration would see Johnson sending a letter alongside the request to extend Article 50 setting out that the government does not want any delay after Oct. 31, according to the report.  (read more)

“Boris, he’s a cheeky one”….

The prior remarks by President Trump (last week) now take on a new context:

Q Have you been following the situation in London with Boris Johnson and the Brexit vote?

THE PRESIDENT: Well, Boris is a friend of mine. And he’s — he’s going at it. There’s no question about it. He’s in there — I watched him this morning. He’s in there fighting.

And he knows how to win. Boris knows how to win. Don’t worry about him. He’s going to be okay. (link)

Merkel Takes Her Tin Cup to China…


As if, on cue:

.

CTH – […] The problem for China, and ultimately for Germany, is that Trump’s trade reset has stopped a big amount of U.S. wealth from arriving in Beijing. Simultaneously, Beijing is countering Trump’s tariffs by devaluing their currency. The rebound economic impact is doubled. China has: (1) less income; and (2) less value within their own currency.

Where does this dynamic show up?

…. Anytime China is going to buy something.

China’s currency devaluation makes their exports cheaper; however, at the same time it makes any of their imports more expensive. As a consequence China buys less… and that now exhibits in lower purchases of German stuff. See how that happens?

So yeah, the ramifications for Merkel’s German economy -twice as bad as originally forecast- are based on China fighting Trump. The fact that China is bleeding cash, and has simultaneously dropped the value of their currency, means China can’t buy stuff.

All of those nations who were counting on Chinese purchases are now going bananas. This is why the multinationals blame Donald Trump… and to make matters even worse – the U.S. economy is thriving, while they watch from the sidelines. It’s a delicious dynamic.  (read more)

BREXIT & the Attempt to Delay until January 2020 ECM Turning Point


Prime Minister Borris Johnson had wanted an election on October 15, but Labour and other opposition MPs would not back the move while the option of a no-deal Brexit on October 31 remained open to the PM. The House of Lords said it would pass the legislation by Friday.

The British pound rallied on the defeat of the PM clinging to the notion that leaving the EU is somehow bad for Britain. It remains the same old dire predictions they used back in the nineties when Britain was not going to surrender the pound and adopt the euro.

While our models indeed pinpointed a Directional Change with rising volatility into the week of 9/16, the pound has held the October 2016 for now, but a close for September below 12350 keeps the pound in check.

This idea of trade being so important is really quite insane. Nevertheless, Trump has not helped by trying to create jobs with his trade negotiations. China will listen to the US news which will show Trump losing 2020 even if you put a monkey up as the Democratic candidate. The press is so against Trump that they will turn this trade issue into real insanity. Likewise, this aids those in Britain desperate to keep their perks and pensions in place so they are selling out Britain for personal gain using the same issue as trade.

So far the Euro/Sterling Cross has been following the forecast array perfectly. The low was March followed by the breakout May/June with a Directional Change due in September. The next target is November followed by January.

What is very clear is that the financial markets are far more afraid of Labour taking power than BREXIT. We do not see any reversal of fortune for the pound and its long-term decline before 2021. Labour has become extreme. They will most certainly destroy the capital formation in Britain perhaps once and for all.