Conservatives Celebrate Stunning Win in Australian Elections…


The Australian election was held today; voting is compulsory as everyone over the age 18 is required to vote; turnout was greater than 95%…  and all the media and pollsters are stunned, shocked, jaws-agape, as the conservative coalition has received a stunning, unexpected, unanticipated victory.

Australian Prime Minister Scott Morrison has won the election.  Yes Alice, 2019 media in Australia look identical to media in the U.S. circa November 2016.

The economy, immigration and push-back against the insufferable climate-change nonsense appear to be the top issues that led to Morrison’s surprising win.  None of the pollsters or media saw it coming.  The BBC are stunned:

BBC – […] The final result of the election may not be known for some hours, but with more than 70% of votes counted the [Conservative] Coalition has won, or is ahead in, 74 seats in its quest for a 76-seat majority, with Labor on just 66 seats.

[…] Try finding someone who says they saw this result coming.

For well over two years, the coalition has trailed behind Labor in the opinion polls, and the assumption had been it would be Labor’s turn to govern.

But somehow Scott Morrison managed to turn things around at the 11th hour – and he did it largely on his own.

With some of his cabinet colleagues considered too toxic to appear in public on the campaign trail, ScoMo made this election about him, and his ability to be the trustworthy, daggy-dad Australia needed.  (read more)

Labor leader Bill Shorten , who has led Labor since it lost office in 2013, conceded defeat and congratulated Morrison.  Shorten’s losing moonbat platform was centered on creating a “fairer society”, similar to the social justice movement in the far-left U.S. Democrat party.

The labor movement planned to increase taxes on the wealthy and bring social justice demands to central government.  Their agenda was counting on strong support from college-aged students and climate change activists.  However, the majority of Australians saw the predictable economic damage that was certain from the proposals to raise taxes and institute the Australian version of the Green New Deal.

Australian left-wing media is going bananas….

The progressive movement is crying in the streets.

Decline in Craftsmanship Between the 1st and 3rd Centuries


COMMENT: I took the tour of the Vatican museum and the sculpture collection is unsurpassed. It was great that a pope told the people to bring statues to the Vatican rather than destroy them as some pagan god. The guide also pointed out how the best art was the first century and the quality diminished into the third and fourth century. I remember the mug from the WEC. It was interesting how the quality of art declined following your chart on the collapse of the monetary system.

I can get an extra mug?

KW

ANSWER: Yes, several people took that same tour. The quality of art declined with the collapse of the monetary system as well as the artistic quality of coins. Each die was hand engraved back then, so you can also see the decline in craftsmanship. Sculptures are the same. The details in the face, hair, and clothing during the 1st century is easily distinguishable from the 3rd century as we see in the coinage.

The quality of craftsmanship declines with the economy. Buildings constructed today are far cheaper in construction materials than you see even decades before. Most historians claim that Emperor Augustus’ right-hand man, Agrippa, built the first Pantheon in 27 BC. It burned in the great fire of 80 AD, was rebuilt by Emperor Domitian, and then was struck by lightning and burned again in 110 AD. The Pantheon as we know it today was built in 120 AD by Emperor Hadrian who was passionate about architecture and design. The inscription states that it was attributed to Marcus Agrippa. Nevertheless, this is a building that has stood almost 2,000 years.

As for the mugs, sorry, they are all gone. People have been making collections of them. Even I have only have one myself. I didn’t even have any leftover to give to Nigel.

The Rising Anti-EU Sentiment Ahead of the EU Elections


In Hungary, the anti-EU movement runs intense and links Soros and his funding behind the curtain as the number one problem. There have been protests in Hungary implicating the fact that Soros has been behind everything. The anti-EU sentiment is rising ahead of the May 23rd elections. The main issue that has torn Europe apart is the Refugee Crisis.

Remarkable Success – Nigel Farage Brexit Party Leaps to #1 in Weeks…


There’s a remarkable political restructuring happening on the other side of the Atlantic. Nigel Farage has led the U.K. Brexit Party into the leading political force in a matter of weeks.

With frustration over the intransigent unwillingness of the political elites who control power in the U.K. to deliver on the Brexit referendum, the grassroots “Brexit Party” was formed.  According to recent polling the movement now leads in advance of upcoming EU Parliament elections.  It’s possible another political earthquake is about to happen:

(Via Breitbart Media) New polling for the upcoming European Parliament elections shows another astonishing surge in support for Nigel Farage’s Brexit Party, while the governing Conservatives have crashed to fourth place on just 11 per cent.

The Opinium poll of 2,004 people, conducted online between the 8th and 10th of May, showed support for Mr Farage’s weeks-old party up 6 points to 34 per cent, more than Jeremy Corbyn’s Labour — down seven points to 21 per cent — and Theresa May’s Conservatives — down three points to just 11 per cent — combined.

The Conservative Party’s stunning collapse puts down in fourth place behind even the Liberal Democrats, who have been only a third force in British politics since the 1920s, and barely even that after arch-europhile Nick Clegg led them to near-obliteration in the 2015 general election. (read more)

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Nigel Farage

@Nigel_Farage

Accurate or not, these are great numbers and our movement for democracy is gathering pace.

3,941 people are talking about this

Piers Morgan

@piersmorgan

Nigel Farage looking & sounding like a leader on . Love him or loathe him, at least he believes in what he says & argues it with passion. His popularity comes from his authenticity & his new surge is happening because democracy is being denied to those who voted for Brexit.

11.8K people are talking about this

Roger Scruton – The Future of European Civilization: Lessons for America


Published on Oct 14, 2015

SUBSCRIBE 61K
~A Russell Kirk Lecture at The Heritage Foundation’s B. Kenneth Simon Center for Principles and Politics~

A Strong US Dollar is the Only Way to Create Change


COMMENT: It is interesting how these people take your interviews and inject headlines like you say the dollar will collapse in April 2019 when you have said exactly the opposite. Just unbelievable how these people use your name to promote their BS.

JD

REPLY: I know. They keep preaching the dollar will collapse when it is exactly the opposite. They are trying to sell their biased view which is always based upon the idea of the quantity theory of money – the same exact philosophy used by the central banks in Quantitative Easing.

The ONLY way the monetary system will break is with a STRONG dollar – not a weak dollar.The monetary system has broke ONLY when the dollar rises as in 1934 and 1985. The US always wants a weak dollar to increase corporate profits and and create a trade surplus. It is really quite amazing how these people keep preaching the same nonsense for decades and have never been right for more than 30 years.

Cycles & Turning Points


QUESTION:

Hello Mr. Armstrong;

Rome was fantastic!. I find it very interesting that you hold the conference on the dates when the markets hit their peak and I come back and Monday we start the decline that you cautioned us that we could see at the conference. Was this planned:)?

Cycles are amazing and now i have to live and invest only based on the cycles.

Thank you again for Rome and bringing Nigel!!

BB

ANSWER: Yes, I do time the conferences around the cycles. That gives us something to talk about. They are simply points where the human emotions shift. This pull back is necessary for we are treading water (i.e. time) until the consolidation is complete in order to produce the next phase.

Just for the record for those who did not attend the Rome WEC, Nigel came because, as he put it, we are the “alternative to Davos.” He was not paid a fee. He had agreed to come and wanted to attend the conference and be at our famous networking cocktail party.

As things turned out, Nigel started his new BREXIT Party after he agreed to come to the WEC. I was concerned he would be too busy to attend with the change in plans. Nevertheless, he flew in for a few hours to make his appearance and then sadly had to leave because of a rally back in the UK the next morning.

The May Turning Point


COMMENT: It is interesting how your model picks the timing for a turn in the market as of May yet it leaves us guessing as to what the fundamental will be. Very interesting to say the least.

Fantastic event in Rome. The cocktail party was the best view of Rome ever!

Cheers

HKD

REPLY: The fundamentals really do not matter. What I have come to understand is TIME is everything. The market will turn on these targets regardless of the fundamental. It is simply a turning point in human emotion for maintaining a given trend. They will exit a trend regardless of the news. How many times have we seen bearish news ignored in a bull run or bullish news ignored during a bearish decline? It is only a matter of the length of a rally or decline.

Macrone orders that Italian is no longer to be Taught in France


Macrone just signed a law where Italian will no longer be taught in France. The idea that Europe is one big happy family is so far from the reality that this is part of the backdrop behind the bearishness of the Euro. The old resentments remain. There has always been a strong resentment between the Italians and the French and this latest change by Macrone only fuels these old resentments that prevail within the Eurozone. What should have remained as a simple trade union has attempted to federalize Europe which is only increasing the tensions throughout the continent.

Robo Trading v Human Trading


QUESTION: So is there any difference between a Robot and a person trading if they just follow the same system on a single market?

ANSWER: Any system that is created which claims to be some robo-trading system is vulnerable to a contagion that impacts a given market from external sources. We are entering a highly correlated global capital flow era which events external to a domestic market can overwhelm a domestic economy and any market.

The only difference between a robo-trading system and a human is that the human can get all emotion and panic. The computer would not do that, but it would be vulnerable to external forces and would not be able to make a judgment call.

The only possible way to overcome this is a complete global model which is monitoring everything and will pick up the external contagions. You can visually see this using the Global Market Watch. You can glance at the trends in all world stock markets for example on one page.