The Yellow Vest movement is indeed spreading worldwide. In France, they are out destroying speed cameras. Most Americans are familiar only with the red light cameras that cities have been forced to take down for they are unconstitutional. That is why you did not get points for the violation, just penalties. In Europe, the speed cameras are outrageous. When I was living in Switzerland for a few months, boy did I get tickets galore. You suddenly find out that you get a ticket for just 1 km over the speed limit. In the States, a cop will not give you a ticket until you are more than 10 miles an hour over the limit. Your speedometer can be off as well as theirs. In Europe, there is no such recognition.
In Rome, just don’t bother even renting a car. All you will get are countless tickets as they change the speed limits at different times during the day and they will take a year to send you a ticket without any description of what the fine is even for. In Europe, these are just an excuse to impose more forms of taxes.
As government becomes ever increasingly desperate for money to pay their own pensions, we are headed into a clash that will be civil unrest on a global scale that will begin to rise much more dramatically after the turn in the ECN come January 2020. The polls show that the Yellow Vests Movement in France has 70% of the population behind them.
Professor Emeritus Don Easterbrook’s eye-opening talk to the Washington State Senate committee on Climate Change 26/3/2013. This is a classic! Don J. Easterbrook Professor Emeritus of Geology at Western Washington University crashes the party of the Global Warmists! Patreon https://www.patreon.com/1000Frolly Category Science & Technology License Creative Commons Attribution license
The Yellow Vest Movement in France is turning to an all-out war against Macron. Many are now advocating withdrawing their money from backs in order to topple Macron. Yellow Vest activists ‘Gilets Jaunes’, are now supported by up to 70% of the population. This new effort stepping up their pressure to de-throne President Macron and regain French sovereignty from the hands of the EU elites and globalists is becoming really intense as they call on the people to remove Euros from French banks to destabilize the regime.
Now we are witnessing the further spread of the Yellow Vest Movement as Taiwanese demonstrators have also launched their ‘yellow vest’ movement to protest taxes. The Yellow Vest Movement has also now emerged in Lebanon as people there to are calling for “Revolution” to unfold.
This winter is once again extremely brutal in Europe. Extremely heavy snow has fallen as far south as Greece in the range of even 3 to 5 feet in various places. This is the third year of extreme cold in Europe which has been fueling more resentment about global warming taxes. Once again, Europe has been thrown into economic chaos for much of the region is not able to cope with snow lacking the historical experience.
Meanwhile, scientists have revealed that the oceans are still getting colder at deeper levels in a slow-moving trend that was set in motion by the last Little Ice Age. The idea that the oceans have been retaining the heat so that is why the planet has not warmed up as forecast 30 years ago flies in the face of those ideas as well.
Listening to the WEC 2018 recording this weekend, Mike Campbell made an interesting sideline comment. He stated that pension funds were heavily invested in real estate . Is this just Canada or the US as well? If taxes go up will this further push the pension funds over as well as the emerging markets? If pension funds go under what happens to these investments?
Wasting time by checking my Facebook page I saw 2 advertisements that struck me. One was for investing in high end real estate apartments in Charlotte and the other similarly for investing a national hotel chain but in a specific hotel in Atlanta. Is this the canary in the coal mine ie peak for this ECM wave in real estate?
Keep up the good work
DK
ANSWER: Yes. Many went into real estate particularly to get rental income. They did the same in buying farmland and then renting it out for 5%. This was caused by the manipulation of interest rates to absurd levels. This is one of the issues I have pointed out in Washington and it has gone back to the Federal Reserves. This is one of the reasons why the Fed has been raising rates. They MUST get them back to normal levels. Insurance and pension fund along with some banks have gone into the property markets and emerging market debt to compensate for the low interest rates.
I have been warning that the European and Japanese central banks have DESTROYED their bond markets. There is NO BID and capital has rushed off into other areas. Europeans have been big participants in the Dow Jones not just for the yield and price advance, but also for the currency gains as the Euro has faltered.
The last Documentary film I did was on this very crisis of destroying the bonds markets. The central banks were buying the government debt BECAUSE nobody else would at such low levels! They are shooting another segment and then I believe it will all be released as another film in the movies.
Worldwide, we are witnessing a decline in property values. This is part of the crisis we face going into 2020. As values decline, you will see more of this attempt to entice a private investor to jump into a falling market. STAY OUT OF PROPERTY OFFERS!!!!!!!! New Jersey is now the #1 state people are fleeing from because property taxes are insane and they will do nothing but rise. If you ever thought of moving to a lower taxes state – YOU BETTER DO IT before there is NO BID to try to sell your house
QUESTION: I get up in the morning, make coffee and read your blog. Thank you for your service to humanity.
Ok, so the Democrats want to go back to the 1950’s with 70% tax rates. Does that also mean they’ll reinstate the same deductions that were available back then? For example, passive activity loss rules would go away, personal credit card interest, medical expenses, and job expenses would be deductible, companies could deduct meals and entertainment, vehicle expenses, corporate jets etc. Also, there was a tax credit of 10% of the cost of new and used equipment placed in service. It is unfair to look only at the tax rate without looking at how taxable income was calculated. And how about Social Security tax being applied to a few thousand of earned income.
M
ANSWER: No. They will never put back all the deductions. This is all about raising taxes for their claimed Socialistic Agenda but in fact, as the deficits rise and interest expenditures explode, they will be raising taxes sharply as they always do pretending to be taxing just the super-rich. They NEVERlower taxes on the middle class. They just point to the rich to raise taxes without any benefit to anyone else. Normally, the play games with the definition of the rich.
The Trump Taxcut denied deducting what you pay in taxes to a state after 10k. They blame Trump for that yet this has been on their wish list for the past 30 years. If the Democrats get hold of the White House and the Senate, you can bet your life they will not change that deduction. They silently all cheered for that – both Democrats and Republicans. The Definition of the rich has always been classified as “household” income. The burden of student loans preventing the youth from leaving home and buying their own house is wiping out the economy. It has reached a 75-year high coming in at a stunning 40%! The impact of this is the call among Democrats behind the curtain to get the IRS to add all the incomes in a household including the children to push them higher into the category of the “rich” which starts at the $250,000 level – not $10 million. The plan will be to raise the taxes on the rich and the define who are the rich. They will NEVER tell you the truth to your face. This is all part of the decline and fall of Western society.
QUESTION: What about what China did by buying stocks a few years ago to stop the hang sang from dropping
ANSWER: Do not confuse attempts to support a market from actually being able to do so. This is the same as Keynesian economics that government could prevent recessions. Larry Summers admitted the government cannot even forecast such events. Not only during the Great Depression did companies jump in to buy their shares during the crash to try to prevent the decline. Most of the companies that took that action actually failed for they bought the stock back trying to hold the price and lost needed cash reserves. They could not sell stock again nor could the borrow.
During the collapse of the Nikkei after 1989, companies held believing that the government would support the market. When they realized the government could not then the government encouraged us to bail out the Japanese corporations. We helped well over 300 public companies issuing a note to buy their portfolios at their cost with 10-year payouts and each note had to be approved by the Japanese government individually. If the governments were able to actually prevent declines, then they would. But nobody can do that for the size of the public at large far outweighs any institution, group of institutions, or banks.
People would rather believe in conspiracy theories than simply look at the reality. Attempts to manipulate markets ALWAYS fail because the majority is far greater than any minority. The trend is made by the MAJORITY. A panic sell-off like the Crash of 1987 took place BECAUSE there was no bid – not that there was a massive short position. Scare the MAJORITY and they then try to sell, you find no bid and that is how a flash crash unfolds. This is why outlawing short positions is destructive for the only person with the courage to try to catch a falling knife is the one who is taking profit – not initiating a long position.
While the BitCoin people have hated me for not agreeing with them that a private currency could displace the currencies of all nations and BitCoin would be the new “reserve currency” killing the dollar, to me they are in serious need of help. They have ZERO comprehension of governmental power and ZERO understanding of what is going on behind the curtain. The IMF has come out and stated that each nation should issue their own cryptocurrency and these fools cheers claiming I am not with it and do not get this new age of technology. Sorry, but these people are really clueless if not perhaps undercover people with a mission to get people willing to surrender their final liberty – paper money.
While cryptobugs advocate gold is dead and BitCoin will conquer the financial world, they miss the point entirely. The IMF is by no means embracing cryptocurrencies for the same reason these people have claimed it will bypass central banks. The IMF is advocating the end of paper money to kill the underground or black economy solely to aid the hunt for taxes and to PREVENT bank runs. If there is no paper money, how can you run to the bank in a panic demanding to withdraw your money? They also argue eliminating paper money will end crime.
Now, Michael Andrew, the man appointed by the Australian Federal government to lead the ‘Black Economy Taskforce’ at the end of 2016, is arguing for an interim-step. He believes tracking the currency denomination is the best solution in stopping the underground/black economy and grabbed taxes if you found a $50 or $100 bill on the street and failed to give the government their 50%.
Governments are going broke. They will not listen and instead, they are obsessed with just a solution for the next quarter. They lack any vision of the future and will NEVER tax responsibility for their own mismanagement. Their single solution is to always raise taxes rather than reform. The more they press toward this cashless society the greater the economic implosion. What comes after the elimination of cash and the budgets are never balanced with institution starting to shift to private assets rather than government bonds that pay nothing and present huge risks will be the default on social programs without the corresponding reduction in taxes. This all leads to the inevitable collapse of Western Society just as we witnessed the collapse of Communism in 1989.
Our model is famous for forecasting the collapse of Communism and even the fall of the Berlin Wall (November 9, 1989; 1989.857). The likelihood of Western Socialism surviving as some benevolent government will come to an end by 2041.457. The 1989 Tiananmen Square protests that culminated on June 4th, 1989 (1989.424). This means we should begin to see a sharp rise in civil unrest cyclically speaking beginning October 28th, 2020 going into the US Presidential elections.
The future appears very dark unless we can convince the world governments that they face a hopeless path to secure its power. In this hunt for taxes, they are destroying all liberty. They cannot reasonably pretend to be governments of the people and by the people in a wonderful land of democracy and opportunity when they need to track everything we do and have. Paying a babysitter will be illegal with cash. Society will not run to cryptocurrencies with open arms. We will be forced to return to barter systems.
COMMENT: It looks like the Plunge Protection Team had a field day with the 1,000 rally in the Dow. Back in the 70s I read a small article near the back page of the WSJ that said that the CIA was using two small obscure banks in the Midwest to trade futures. The way they do it is to buy the futures and force the floor traders to stop selling. Then they pile it on and force the shorts to cover.
CM
ANSWER: That is really impossible. I have NEVER found a market that has EVER defied our model. The market bottomed precisely when it should have. Our Cyclical Array pinpointed the day well in advance. That proves there was nothing unusual. Last Friday the 21st, I wrote on the Private Blog: “We do have another Weekly Bearish Reversal at 22739 and a closing below that could warn of a Cycle Inversion meaning down into new week bottoming perhaps on the 26th and then rally into the following week for year-end and then turn back down into January.”
If what you are saying is true, then the government would never collapse and they are 100% in control of everything. That is just not the case. You are attributing power to them that they believe they have. However, if they had such power, then taxes would never rise for they are 100% in control and nothing would happen. Larry Summers, the father of negative interest rates, admitted in a Bloomberg interview that those in power can NEVER forecast a decline because it is a complex system.
I wrote on the Private Blog on December 24th: “The likelihood of lower lows into the 26th are good. But this week remains as a Panic Cycle so we can then see a whipsaw back up into the end of the week. Primary support still lies at the 21600 and 21450 level followed by 20002.”
Then on the day of the low, 26th of December, I posted on the Private Blog at 3AM for the European Open: “Often the bulk of a decline will unfold the day BEFORE the market closes. This is typically as natural human response of the fear of the unknown after the market reopens.”
I just do not see ANYTHING in the market behavior or patterns that would indicate something abnormal. The real explanation is just that all the selling took place on Monday as people feared it would collapse further on the 26th after the market opened. That has been the pattern for more than 100 years – panic before a close of the market for fear of the unknown. Sorry, great story about the Plunge Protection Team. A similar theory prevailed in Japan that the government would NEVERallow the Nikkei to fall. It did, and that belief led to a 19-year depression in share market price, but 26-year economic depression which did not begin to shift trend until 2015.75.
There have been attempts to create a Plunge Protection Team before. The banks got together to try to save the market back in October 1929. Here is the Los Angeles Times from October 26th, 1929 talking about the Stabilizing Forces to save the market. They failed to prevent the Great Depression.
Nobody can step in front of a falling market and survive. Nevertheless, despite the continued failure of such efforts, this myth is always spun. Anyone who believes that such a Plunge Protection Team can even survive never bothers to look at history.
COMMENT: I really get annoyed by people who say well it has been warm here so what happens elsewhere is irrelevant. They are idiots and cannot see the whole and just want to blame humans for everything. I can see how our situation is hopeless when it comes to climate change.
All the best
JS
ANSWER: Very true. I got one email saying even though the death toll in Wales is double that of the previous year from extreme cold, it was warmer here in Canada so you are just wrong about everything. Such people are unable to divorce themselves from their bias. We have a serious climate change unfolding that cyclically is on time. Ever since 1895, the media has alternated reporting between global cooling and warming scares and many times they have even been overlapping. Here are accounts from the press reporting both global cooling and warming between 1955 and 1961. From 1895 until the 1930s the media peddled a coming ice age. From the late 1920s until the 1960’s they warned of global warming. From the 1950s until the 1970s they warned us again of a coming ice age. This makes modern global warming the fourth estate’s fourth attempt to promote opposing climate change fears during the last 100 years.
Then we have the diehard Global Warming crowd who refuse to ever consider that just maybe they may be wrong and are doing exactly the same thing I encountered when doing research on the Great Depression. Back then, the claimed that the DUST BOWL permanently destroyed the “Middle West” and that all the soil blew away so there would NEVER AGAIN be farming in America. ALL the government “expert advice” blamed the catastrophe on mechanized agriculture because tractors had been in use for only a couple of decades. They theorized how the tractors caused the Dust Bowl and this became very popular. The government even put out films calling it the Plow that Broke the Plains. But the old-time farmers remembered the droughts of the 1890s. There had been 10 years of rain in the Midwest and the forecasts at that time saw no change in sight.
The mechanism of plowing increased the yield dramatically and this contributed to the decline in employment in the Agricultural industry from 70% of the Civil Workforce in 1850 to 40% by 1900 and then 3% by 1980. The price of what declined dramatically from World War I into 1932. Severe drought hits the midwestern and southern plains. As the crops die, the ‘black blizzards” began which is more commonly known to history as the Dust Bowl. It lasted for 8.6 years until the rains returned in 1939.
By December 1935, there was a meeting in Pueblo, Colorado, where experts then estimate that 850,000,000 tons of topsoil had blown off the Southern Plains during the course of one year. They forecast that should the drought continue, the total area affected would increase from 4,350,000 acres to 5,350,000 acres in the spring of 1936. They warned that the damage was permanent. To try to intervene, the C.H. Wilson of the Resettlement Administration proposed buying up 2,250,000 acres and retiring it from cultivation.
In February 1936, the mass migration out of the Midwest created what were called hobos without money or a job. The Los Angeles Police Chief James E. Davis sent 125 policemen to patrol the borders of Arizona and Oregon to keep “undesirables” out of California. As a result, the American Civil Liberties Union sued the city. Even the Democrats forcible deported Mexicans during the Dust Bowl. The Mexican Repatriation was a mass deportation of Mexicans and Mexican-Americans from the United States which went into 1936. The estimates of how many were forcibly deported range from 400,000 to 2,000,000. Yet, it was a sort of ethnic cleansing for an estimated 60% of those deported were actually born in the United States.
Climate Change is a natural event because everything has a cycle even weather. It was the 8.6-year drought that created the Dust Bowl, not tractors. Here we are once again blaming soccer moms driving their kids to school for climate change once again.
As always – facts mean nothing. The majority of people lack the ability to be unbiased. They simply believe what they want to believe and will never change.
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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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