All Eyes on Greece


ECM Greece

Prime Minister Alexis Tsipras has completely failed the Greek people. He was elected to exit the EU but instead he has wiped out his country trying to stay in the Eurozone. Pensions have been attacked 11 times since the crisis began in 2010. The very day Greece asked the IMF for help was precisely on the day of our target – Pi from the 2007.15 high. Today, Greece is even worse than the United States during the Great Depression from a social and economic situation.

Mother-MerkelGreece is such a beautiful country and its people are among the most pleasant in Europe. Yet all because Merkel promised Greece would be made to repay, that promise has torn Europe apart at the core. Her polls crashed as everyone began turning against her citing that Greece forgave the debts that Germany owed it after World War II to help Germany get back on its feet. Merkel REFUSED to listen because that was her promise that Greece would repay. To boost her international image of being a loan shark, she turned within a few weeks and opened the gates to Europe for the refugees to change her personal image. Merkel transform the debt crisis into a refugee crisis and now we have both.

Forcing the Greek people to pay to keep the Euro together, which benefited Germany at the expense of Greece, has run its course. Greece will have no choice but to default all because Merkel has continued to put her personal polls ahead of Europe.

The IMF has finally acknowledged that the previous credit programs have not led to the recovery of the Greek economy. In a new report, the IMF had shown above all that the depression in Greece today has even exceeded the Great US Depression of the 1930s. Greece has been pushed beyond all endurance and what the EU and Troika have done to Greece violates human rights. Time Magazine reported: “Psychiatrists say that the economic crisis has triggered a 25% to 30% increase in the number of patients seeking their help. … Before the crisis started, Greece was proud to be at the bottom of the list in Europe for the number of suicides, with a rate of 2.8 per 100,000 inhabitants. But that might be changing. Experts believe that in 2009 the rate of Greek suicides increased by 18% increase compared with 2007, with that figure expected to have climbed even higher in 2010.”

Not even a single austerity measure has led to the stabilization of the Greek budget and the deflation that has been unleashed is a human tragedy all because Merkel DOES NOT UNDERSTAND THE GERMAN HYPERINFLATION. Consequently, Merkel has subjected Europe to devastating DEFLATION and the economic depression that inflicts upon the people of Europe. What Merkel has inflicted upon Greece will be the undoing of the Eurozone.

The IMF warns about Greece that “the tax burden is unevenly distributed … Therefore, the current structure of public finances is fundamentally inefficient and unfair, and ultimately socially unsustainable. The lower incomes and the unemployed have no access to adequate and targeted social services and other essential public services that they need, and are common in other countries in the euro area. “

It is becoming abundantly clear to all observers that Greece needs urgently a debt cut if the population should ever benefit from any EU dream. However, the euro ministers reject a debt cut before the Bundestagswahl 2017 once again concerned for Merkel’s reelection bid. In other words, they fear that any debt forgiveness will mean Merkel loses her election but without debt forgiveness the euro will crack.

The Greek people do not expect any improvement and have lost faith in government regardless of the political party. The IMF has pointed out that in only six years, Greece has had nine different finance ministers. The cradle of democracy seems to have been completely destroyed in Greece and this is not looking good moving forward. This is one of the cornerstones of revolution that the EU has imposed upon the Greek people who suffer for their politicians playing games with Goldman Sachs to get into the Euro at all costs. Those costs have devastated the Greek peopl

The Ship is Sinking


Sinking Ship boat

QUESTION: What should readers of your blog like myself invest in before this whole government bubble bursts? It seems to me that when it does burst, equities and bonds will crash at the same time.
Thanks and I look forward to hearing back.

RL

ANSWER: Do not put equities in the same boat with bonds. The ship is sinking, but that is concerned with debt – not equity. Keep in mind that the collapse of a financial system has historically unfolded to different degrees. If we are talking about a Dark Age, then you are into the Mad Max situation. Then the only thing that has value is food – not even gold. That was the fall of Rome. People effectively sold themselves as serfs to work the land, retain 20% of the crop in return for protection behind the castle walls. Medieval coinage really appears only in silver and are rarely found more than 20 to 30 miles from where the coins were struck. This illustrated the isolation  of city states. Money was not really necessary for there was really no major trade interacting within Europe – hence the Dark Age.

In order for tangible assets like stocks, gold, art, antiquities, etc. to survive, the fundamental infrastructure must survive. That means there must be ample food for gold to have any value whatsoever. So you must stop short of the Mad Max event for anything tangible to have a safe haven value.

German-1925-Rentenmark

The typical scenario painted by the doomsday crowd involves the German hyperinflation. However, that did not wipe out the structure of surrounding countries. This mean all tangible assets retained value because they could still be sold elsewhere. The German government replaced the hyperinflation currency in 1925 with a new currency backed by land. So art, gold, property, and equities survived. Even after the Berlin Wall fell, old claims of ownership in the East resurfaced.

Therefore, if we are only talking about a reset of the world financial system, then tangible assets retain value that becomes translated into the new currency. Hence, equities will survive, government debt and currency will not. Only going all the way to a Mad Max event would everything lose value except food. Not even gold survives for trade comes to an end.

Keep in mind that I do this to hopefully explain that there are degrees to which a system collapses. If everyone understands that we CAN SURVIVE this with society mostly intact ONLY IF WE UNDERSTAND what and how things unfold, then we have options once the crash and burn comes. We can stop short of a Mad Max event by understanding history, which is our road map to the future.

The civil unrest we have beginning today post-Trump is intended to overthrow Trump and Obama has remained in Washington, which NO PRESIDENT has ever done. We have Soros licking his lips on the prospect to altering the USA with his vision of Marxism. We have the same trend emerging in France, Britain, and Netherlands and of course Italy, Spain and Greece.

So we have some actors intent upon creating change that would subjugate all of us because they think Marx was correct after all. Their desire is to live vicariously off of other people’s money and they do not accept that anyone should have things they do not. We have students protesting because they think everything should just be free. Hence, this is a battle shaping up for the future; the final conflict over Marxism, which began with the fall of Communism in 1989. This final battle began 26 years from 1989.95.

light-ahead

Welcome to our world. This is a fight for our future. This not about doom and gloom. I oppose Soros and everything he is trying to accomplish. There is a light at the end of this stairway. We need to understand the rules of this game and position ourselves to win. Adam Smith was correct. The invisible hand is the nature of how things function. It has been humankind that thinks it can change and manage society when it does not even understand how it functions under the laws of the universe – the grand divine design, Soros, Marx, Lenin, or Mao were never capable of replacing the invisible hand with their own schemes. You might as well try to genetically alter humans and give us wings to fly and end global warming by eliminating cars and jets

Dow hits 20,504.41


DJIND-W 2-10-2017

QUESTION: Marty, you said the “main resistance stands for this week at 20505.” The Dow stopped today at 20504.41 and closed on the high. Nobody produced numbers like you do. The Dow goes up and the euro declines. I can connect the dots. Is this correct?

ANSWER: Correct. It is the capital flows and Europe is just not even discussed in mainstream media right now because they are far too busy always trying to undermine Trump in an outright war. Keep in mind that the 21,464 area is really the critical level during February. At this point, the Dow would have to close below 18,000 to sound any alarm bell. As I have been warning, domestic analysis just doe not cut it in this global environment.

Is Europe the new Destination for the North Pole?


Lettuce Frozen

I explained that the poles of the Earth move. On the Sun, they flip every 11 years and that is part of the Sunspot phenomenon. The poles are by mo means constant. They migrate routinely. However, about the time that Global Warming appears to have peaked, the poles also shifted direction in 2000. The North Pole mysteriously changed direction and began moving eastwards of the Greenwich meridian but at a shocking near twice its previous speed.

For most of the 1900s, the physical North Pole was moving westwards around 10 cm each year towards Canada’s Hudson Bay. Then all of a sudden, in 2000, it changed direction moving 75 degrees eastwards and began moving east at a rate of around 17 cm annually. Nobody has ever witnessed such a change. This is completely unprecedented!

The North Pole was previously in Hudson Bay about 54,000 until 48,000 years ago at 60 N and 83 W. Perhaps it is like lightening and just never strikes twice in the same spot. Now it is instead moving toward the British Isles according to NASA. Magnetic poles are defined in different ways but are commonly understood as positions on the Earth’s surface where the geomagnetic field is vertical. These north and south positions, called dip poles, do not need to be opposite of each other. In 1831, James Clark Ross located the north dip pole position in northern Canada. Natural Resources Canada (NRCan) tracked the North Magnetic Pole, which is slowly drifting across the Canadian Arctic, by periodically carrying out magnetic surveys to reestablish the Pole’s location from 1948 to 1994. An international collaboration, led by a French fundraising association, Poly-Arctique, and involving NRCan, Institut de Physique du Globe de Paris and Bureau de Recherche Geologique et Miniere, added two locations of the North Magnetic Pole in 2001 and 2007. The most recent survey determined that the Pole is moving approximately north-northwest at 55 km per year.

Netherlands Canals Freeze

This rapid movement is striking. But the directional change is even more alarming for Europe. The summer in Europe barely saw many real scorching hot days but the winters are getting colder. In 2012, even the waterways in Venice were icing over. Germany relies upon its canal system to move goods and agriculture. In 2012, the canals froze. The canals in the Netherlands were not freezing during the winter during the global warming period. That changed in 2009. Hamburg was frozen to the bone in 2010.

1709 Deep Freeze

Europe is rapidly turning colder much faster than expected. The real deep freeze for Europe came about 300 years ago and is known as the Deep Freeze of 1709. In the first few months of 1709 remained in a deep freeze for months. People were ice-skating on the canals of Venice. People could cross the Baltic Sea on horseback because it was completely frozen! You could not ring a church bell because it would shatter it was that cold. The length of the deep freeze has always been a mystery.

global warming

However, go to a museum that shows the changes in clothing. This illustration may be funny, to a large extent, it is true. Things were a lot colder 300 years ago and we are headed back in that direction.

The Southern region like Australia will see it get warmer in summer as Europe gets cooler in the winter. Things are changing much more rapidly ever since the North Pole reversed and changed direction moving at 55 km per year back in 2000.

NOAA Continues to Try to Justify Its Criminal Activity


Global Warming -5

The NOAA is now claiming that independent studies confirm they are right and that global warming is real. The claim only reveals once again how dishonest the NOAA is really acting. This new compilation of temperature records they say is etched into ice cores, old corals, and lake sediment layers, all reveals a pattern of global warming from 1880 to 1995. They are criminally misleading everyone for there is no dispute that there is a 300 year cycle to the energy output of the sun and the last low was in the 1700s so we have been moving into a natural warming cycle that has now peaked.

The NOAA says this finding, reported by a team of researchers from NOAA’s National Climatic Data Center, the University of South Carolina, the University of Colorado, and the University of Bern in Switzerland, resolves some of the uncertainty associated with thermometer records.

global-warming-cyclical800000 carbon800,000-year Ice-Core Records of Atmospheric Carbon Dioxide (CO2)

Nobody disputes this fact, The problem has been the NOAA claiming it is CO2 created by humans that is to blame ignoring the long historical record of climate change. What they are doing is no different than looking at the Dow Jones Industrial Index starting at 1932 and concluding that the market always moves higher and no depressions exist. 1880-1995 is not even one cycle of the sun. The data going back 800,000 years shows there is a cycle even to CO2 long before humans built cities.

global-cooling

The NOAA continues to hone in just on the modern period and refuses to test the analysis long-term. They continue to mislead people that our greatest danger is that we are headed into a mini-ice age and that means food shortages, which are beginning to see hit Europe this very year. They seem to be deliberately trying to mislead the public to thin the herd.

Dow Jones Industrial Still Pressing Higher


DJIND-W 2-10-2017

Friday’s closing at 20,298.21 in the Dow was still bullish and the main resistance stands for this week at 20505. Exceeding that level and a close above it on Friday would point to an extension into next week. The top of the channel in the 20,700 area. Exceeding that level will warn that we could move sharply higher to the 21000-22000 zone. The major resistance starts at the 21,387-21,624. Keep in mind that the majority remain bearish and and most big funds remain under invested in equities. Therefore, we are looking at an amazing amount of money sitting on the sidelines.

The two key targets on the monthly timing level remain February and April/May. Keep in mind that normally this would unfold as two opposite events meaning a high in February should lead to an April/May low just before the French elections. We can see an intraday high extend into next week.

 

Migrating Poles


Pole

COMMENT: Your stance on the global climate is absolutely correct. Global temperatures remain in a serious downtrend since the Minoan peak. As the Greenland ice cores show, today’s climate is COLDER than 90% of the past 10,000 years! The warming zealots are screaming about CO2, which has risen sharply in the last 150 years (well above the long-term trend of the last several million years). But the temperatures are near the bottom of the range of the last 10,000 years! The assumption has been that CO2 causes warming, but if that were true, the data would back it up, and it does not at all. From the Vostok ice core, we know that we remain (very fortunately) in an inter-glacial period, which began about 11,000 years ago, and that the previous inter-glacial ended about 100,000 years ago (that inter-glacial was much warmer than our’s – remains of hippopotamus from that time period have been found in Britain!). We are likely much closer to the end of the current inter-glacial than to it’s beginning, and when it finally runs out of steam the climate in which we have lived will not be seen again for about 100,000 years (and sea level will be 300 feet lower).

JD

REPLY: Generally, most people do not even know that the North Pole moves. If you have ever studied geology, rocks are magnetized to where the North Pole lies when they are formed. We know for a fact that the North Pole has shifted several times in the last 120,000 years. We know that 120,000 years ago the North Pole was in the territory of Yukon in Canada at 63 N and 135 W; then it went to the Greenland Sea at 72 N and 10 E about 84,000 years ago, moved from 54,000 until 48,000 years ago and settle in the middle of Hudson Bay at 60 N and 83 W; it rested there for 30,000 years, then wandered once again from about 18,000 to about 12,000 years ago when it came to its present location. However, there are actually four poles, which most people are never taught in school.

Keep in mind that about 100,000 years ago, homo sapiens arrived in the Middle East and about 50,000 years ago, they arrived in central Asia. Human progress has been to a large extent made possible by the inter-glacial period. Evidence from geomagnetism and continental drift, have failed to explain the ice ages and climatic changes such like the sudden melting of the ice sheets or the violent and rapid extinctions.

Recently F. Barbierio (1999) addressed the pole shift hypothesis by arguing that the Earth’s poles could be rapidly shifted due to the impact of objects from space as small as about a third of a mile diameter asteroid. Former NASA engineer Maurice Chatelain (1988) argued that during the Hudson Bay period (48,000 to 18,000 years ago) the equator was in fact 30 degrees further south in South America. It most likely passed through central Chile and Argentina. Antarctica was most likely free of all ice.

We tend to assume that the way the world is today means it always was that way. Human recorded history is only about 6,000 years. Humanity is nothing within the scale of things regarding geology. So we do not comprehend how fast the Earth can change and we seem to be so arrogant to think we possess even the power to alter the climate if we choose to. The powers that be have been distorting pollution with climate change misleading people for political gain. I lived in London back in 1985. The stench from buses burning diesel fuel was terrible. It would make your eyes water at times. That’s been cleaned up. We all want clean air and water. But do not distort that into climate change when we better be concerned about everything turning much colder. When it turns colder, migration is unleashed and starvation thins the herd. Civilization declines. Right now it is moving toward London and Europe is turning very cold.

Has the Extinction Cycle Also Turned Against Us?


Marine Extinctions

QUESTION: Martin,
I have a question that is well outside your usual realm of discourse, so please bear with me as I explain.
I have just returned from visiting my friend, who is a senior cetacean biologist at one of the large west coast universities. While there, he described an amazing situation to me that has alarmed me greatly. He said that research at his university has conclusively identified the complete or almost complete collapse of several dozen food chains within the Pacific Ocean, all within the last 36 months or so. Further, in “unauthorized” exchanges with the relevant departments in other coast universities, he learned that the numbers involved may well be more like hundreds of chain collapses in the same timeframe as opposed to dozens. Finally, in talking with authoritative figures in Vancouver, they apparently believe that the figure is likely closer to 1000. My friend also explained that equally alarming is the fact that all these research departments are finding within the genres of sea life they have physically examined within the same timeframe “huge numbers of general body mutations, as well as skin disorders” which all cannot yet be accounted for in terms of causation.
As bad as all of this sounds, here is the real rub. Regarding these findings about food chain collapses, mutations, and injuries, my friend’s university has instituted a policy that forbids them from publishing their findings, from discussing their findings (on this subject) publicly or in private with other researchers outside their own campus, or finally from taking “unauthorized” radiation readings as part of their research. The penalties for violating these new rules are severe: loss of tenure, civil lawsuits for violation of contract, and potentially employment termination. He showed me a memo on the subject from her own university, so there is no doubt about that in my mind. For the part about colleagues at other universities encountering the same things, I have nothing but my his word but that is good enough for me.

I have never viewed myself as an alarmist or a conspiracist, and I know that he is neither of those things; he is someone who has always been dedicated to the scientific method and to facts. However, despite the preposterous look of this thing I must say that I feel something is badly wrong here. In doing some quick research on all of this, I have indeed found quite a number of articles from mainline sources talking about massive food chain collapses in the Pacific, but not quite on the scale my friend’s colleagues have suggested, and nowhere is any of this said to be possibly connected to radiation from Japan.
Martin, I have read your writings for some five years now, and at least as far as the subjects I believe I am qualified to render judgment on, I have never known you to be wrong about anything. This is much more than I can say about any press outlets or pundits. As a result, I feel compelled to put the question on this matter to you. Do you have any information derived from correlated computer data, or from your personal contacts that can shed any meaningful light on the situation described?
As always, please know that all your work and public disclosures are a boon to us all, and are deeply appreciated.

RT

ANSWER: I have been keenly aware of this crisis and have been running studies on it to test where this impacts the timeline. The greatest Marine extinction is known as the Permian–Triassic period. Evidence exists for environmental change around boundary suggests that there was an 8 °C (14 °F) rise in temperature, and an increase in CO2 levels by 2000 ppm. This is also one major factor that demonstrates the Global Warming people are not only dishonest since the CO2  concentration just before the industrial revolution was 280 ppm compared to present is 400 ppm. We are talking here about serious volcanic activity to have pushed the CO2 levels to 2000 for that extinction. However, there is also evidence of increased ultraviolet radiation reaching the earth, causing the mutation of plant spores at that time.

There are some who believe the mutations and dead was set in motion by the nuclear disaster in Japan. The data I have run demonstrates that we are headed toward another spike in the extinction cycle. This is entirely normal cyclical activity. We have entered 26 million years from the last historic low. This is when we should see a large spike. I am certainly willing to input data into our systems to see what emerges if anyone has more detailed near-term data that can possibly be extrapolated to see if there are cycles within cycles. If we could hone this series down to target at least decades, that would be great. So far, we have been able to make crude projections that may place the worst of this between 2032 and 2072.

Obviously, man may be aggravating the cycle increasing the amplitude, but there is no evidence that this cycle is set in motion by humankind. This appears to be a natural cycle at this point. The sardine biomass, which is the primary prey for so many marine species, has also collapsed to its lowest level in six decades. There are normal ocean regions that are naturally low in oxygen. However, these regions have been growing exponentially. They have expanded both horizontally and vertically. This has now incorporated rather extensive portions of the eastern Pacific, almost all of the Bay of Bengal, and an area of the Atlantic off West Africa as broad as the USA. These low oxygen areas have expanded by more than 1.7 million square miles in the past 50 years.

We may be dealing with Murphy’s Law – whatever can go wrong, is going wrong.

Scientists First Predicted Ice Age – Not Global Warming in 1971


Washington Post - Ice Age

http://pqasb.pqarchiver.com/

 

Back in 1971, the theory that burning fossil fuels would create an ice age, not global warming. The Washington Post reported on July 9, 1971, that Dr. S. I. Rasool of NASA and Columbia University said that the fine dust from fossil fuel use would block out so much sunlight that the Earth’s “average temperature could drop by six degrees.” Rasool went on to argue that “such a temperature increase could be sufficient to trigger an ice age!”

1816 Year Without a SummerScientists with time figured out that this would not happen on any permanent basis. After all, when a volcano erupts, it hurls up ash which does block the sun. The major event of Mount Tambora  eruption  in 1816 threw into the air so much ash that it snowed during the summer in New York City. It became known as 18-hundred-and-froze-to-death. This account from history tells the story that 1816 was a year when the sunlight could not penetrate the natural pollution from Tambora. As a result of a volcanic eruption at Mount Tambora in Indonesia, weather patterns were disrupted worldwide for months, allowing for excessive rain, frost, and snowfall through much of the Northeastern U.S. and Europe in the summer of 1816. The global cooling altered the natural weather and it resulted in a serious food shortage that set off a mass migration from New England to the Midwest within the USA as people were trying to find the sun like me moving to Florida.

The theory that burning fossil fuels would also throw up pollutants from burning coal and other fuels thereby reflecting solar energy back into space, was not plausible since it would settle down just as it does in a volcano. Then on May 18, 1980 ,when Mount St Helens erupted triggering the largest avalanche in history, it released destructive magma and suffocating ashes, proving itself that it is a volcano is more devastating that burning fossil fuels. Mount St Helens is part of the Pacific Ring of Fire and it is now respected that should there be a plate shift, the volcano eruptions could be devastating beyond the local region.

On that fateful day in 1980, approximately 80,000-feet of ash plume ascended to the sky. Simultaneously, very hot pyroclastic flows wiped out every living thing on its path at 50 to 80 miles per hour. More than 7,000 animals died and 57 humans. For the next nine hours, it seemed houses and buildings to bridges and highways, were burned and buried in deep lava mixed with snow. Then came the 1991 eruption of Pinatubo which produced about “5 cubic kilometers of dacitic magma and may be the second largest volcanic eruption of the century. Eruption columns reached 40 kilometers in altitude” creating a giant umbrella cloud. What was more shocking, the pollution it produced took only 3 weeks to engulf the world and indeed produced cooling – not warming.

CO2 Cycle

Scientists were worried that such man-made aerosols would block out so much sunlight that global temperatures would drop — just like how volcanoes can cause some atmospheric cooling. This theory all proved to be false. Where volcanos produce mostly SO2, they needed a new villain and that became CO2. But CO2 was something every grade school child learns about. Indeed, the very first time we learn about carbon dioxide was in grade school. We breathe in oxygen and breathe out carbon dioxide. Any eight-year-old can rattle off this fact. So how did they manage to take CO2, which is vital to the system, and turn this into the villain?

When the global warming crowd has been pointing at reducing our carbon emissions from the burning of fossil fuels, what they are really talking about behind the curtain is reducing population since we are a major exported of CO2. They are not telling everyone their real goal so they do not want to talk about how they are not taking into account the other half of the carbon cycle. As you also learned in grade school, plants are the opposite to animals in this respect. Through the process of photosynthesis, plants take in carbon dioxide and release oxygen, in a chemical equation opposite to humans. Plants also perform some form of respiration, since they too need to eat as well, but it is outweighed by the photosynthesis. The carbon they collect from the CO2 in the air forms their tissues composing roots, stems, leaves, and fruit. This enters our food chain as they are eaten by animals, including us, which are eaten by yet other animals, including us. Therefore, as humans, we are part of this food chain. All the carbon in our body comes either directly or indirectly from plants, which took it out of the air only recently.

The natural way to offset CO2 would be to grow more trees and plants. They way global warming has become a religion, one would think the goal would be to eliminate all CO2. To accomplish that, we need to start thinning the herd. So the fear of global cooling was converted to global warming and the environmental agenda behind the curtain is to eliminate someone’s grandchild.

Professor Mark Blyth – Political Economist…


As many of you know we spend a great deal of time researching various aspects of modern economics. There are very few people who have a firm grasp on the new economy, and even fewer still who can t…

Source: Professor Mark Blyth – Political Economist…

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