Many people have written in asking what is the future of the markets. While in any election, it is presumed that the right to vote belongs only to the citizens who are alive, there has always been a second vote. That second vote is carried out by international capital. As I have explained many times, the DEFINITION of a bull market is one that rises in terms of ALL CURRENCIES!
The Japanese bubble of 1989 was the same as the 1929 bubble in the USA. You can see that the Nikkei rose in value more so in dollars than in yen because the yen was rising. This is what made the bubble. Everyone was there. When the market broke, capital fled. This is now what we must sort out.
It really does not matter who you voted for, if you cannot look at the markets objectively regardless of what you think, then you will lose. All that matters is how capital will respond. Already people are looking at boycotting not just Facebook and Twitter in mass, but all companies that say they will stop all donations to any republican like Coke.
QUESTION: Martin, Thanks for a great report on your private blog regarding population and cycles. These Great Reset people are killing the whole world! As an American who has lived in China since 1996, and has followed you since your incarceration, I am a huge believer in cycles and a student of Asian philosophy and martial arts.
I am however having problems reconciling your prediction of the center of Finance moving to China with what I am currently seeing. Please tell me what I am overlooking. Yes, I understand that the west is going to decline compared to its current state while China rises but there still needs to be certain structures in place.
To get the power to shift to a different country you need:
Stability (China has this)
Innovation; “the parent of prosperity” ( Money tends to follow innovation and this requires an environment where people are free to tinker and the government does not overly tax or try to assume too much control) It’s a bottom-up process that has not been part of China since the Song Dynasty. So if they are returning to the Innovative Song dynasty they need to rule like the Song did. China has been going away from this since Xi came to power. Locking up its entrepreneurs or stealing their innovations and giving them to their National Champions. If this idea of National Champions had happened in the US we would still be using rotary dialed phones and driving Edsels!
Rule of Law: i. Bankruptcy China asked AmCham and other chambers to help to rewrite its bankruptcy law to enable capital to be quickly redeployed. I have helped to take a few companies through bankruptcy and they still have a very long way to go before capital can be efficiently redeployed. ii. Contracts are enforced by the Chinese government on foreign companies but there is no practical way to enforce them on the government.
Markets i. Credit markets The markets are not open to the public ii. Capital Markets. For every sin, that we read about on Wall Street my contacts inform me that China is two to three times worse. Ponzi and Madoff are alive and well in China.
FX and convertibility of the Chinese Yuan (The capital account is currently not open to the capital markets)
What am I missing? Thanks in advance to you and your team for addressing this issue.
JB
ANSWER: This is not a personal forecast. But keep in mind that the time frame is post-2032, which will actually be after 2037. So a lot can change between now and then and Xi Jinping will be 84 in 2037. The most critical factor is the rule of law. If that is not definitive, you cannot write any contract because there is no way to enforce it. The culture of copyright infringement was prevalent in Hong Kong where people would come visit offices with knock-off Rolex watches to Gucci bags. A lot needs to change, but the decline from the West is critical. What we are witnessing with this Great Reset is the desperate attempt to keep the governments in power which will only lead to fragmentation. So China simply will become #1 because the West will break apart.
The tyranny of this Triumvirate is to rule the world from the United Nations. China will not surrender to this absurd tyranny. But in the process, they will indeed destroy the very consumer-based economy that was so critical to world peace. Neither China nor Russia will surrender to this tyranny.
Moreover, China moving to a digital currency is also to bypass SWIFT. They will create their own financial network that in the years ahead will be an alternative to the West rather than subordinate to the West. China is well aware that the core of the US economy is the consumer market. They are intent on developing that and this is how they surpass the USA as it stupidly allows the Triumvirate to destroy the foundation of the Western economy. They will surpass the USA in e-commerce.
We have issued a special report on the Sovereign Debt Crisis and why we even have this Great Reset and where we are headed. This report provides also a historical review of previous sovereign debt defaults and what was the outcome. Some people try to claims that this is the precursor to revolution. That only reveals that they are engaging in sophistry for that is by no means the routine outcome. There have been serial defaults by many nations even in Europe such as Spain and Greece. The Roman Empire never had a national debt. So those claiming the debt default produces revolution is just not true. Historically, there were no pension funds and rarely were there social programs before the Great Depression. We have to set the record straight in order to truly understand what lies ahead.
QUESTION: Are the central bankers really behind this digital currency? Will that end the dollar as the reserve currency?
Thank you for sharing your experience.
HV
ANSWER: No the central bankers are NOT the instigators. It was Christine Lagarde who when at the IMF was threatening counties they would be blocked from Swift if they did not give up all those who had accounts in these tax havens. Germany went as far as to violate Swiss law and paid bribes to bankers to leak the records of the firms they worked for, which not even Hitler went that far. The entire digital currency idea was pushed by Christine Lagarde while at the IMF. But look closely, she is also a board of trustee member of Schwab’s World Economic Forum along with the new head of the IMF Kristalina Georgieva. It was Schwab who got Legarde put into the IMF and then he put her in the central bank. He then had Georgieva put into the IMF.
People who always point to the central bankers really do not know what is going on behind the curtain. Schwab is in league with Bill Gates and George Soros. Gates was pushing the digital currency at the United Nations. Melinda Gates was pushing the digital currency at the G20. It was Gates directing Modi to cancel the currency in India and he did so without ever telling the central bank in advance!
All this nonsense that we are moving to this digital currency system that will dethrone the dollar is just laughable. The three main elements that are the reason why the dollar is the reserve currency has been
the US never canceled the currency,
there are no capital-controls so anyone can issue bonds in dollars worldwide, and
the US has the world’s largest consumer economy which has funded the rise of China, Russia, Japan, and Germany along with all of Europe.
A digital currency does not override any of that. China knows what is unfolding and they are doing two main strategies that will impact the dollar long-term – not short-term.
They are building their own consumer economy to reduce reliance on the West
They are developing their digital currency to REPLACE the Swift system
This conspiracy against the central banks has been going on a long-term and to me, it just seems to be a diversion to keep people looking in the wrong direction. I have worked with more central banks around the world than probably any independent analyst/adviser. I do not talk about theory – it comes from experience!
A number of people have asked for a confirmation of the array analysis. Here you can see that the Turning Point was November, and then we have Jan/Feb. Not that we have back-to-back Directional Changes in November and December. Whenever the Directional Change aligns with the Turning Point, that is a very important combination indicating a significant target. Volatility will start to rise in December and scale into a Panic Cycle by next June.
Many people have asked WHAT is behind the fact that gold declined and Bitcoin rallied. It appears to be the same trend that we saw coming out of China. It is not that Bitcoin is better than gold, as many are asking, but it seems to be a means to move money across borders outside of simple bank wires. With the world in absolute chaos, forget hyperinflation. There is a far greater risk of the government canceling currencies and they want to cancel the debt. They have reached the end of the rope and what is left is about to break. This wild theory of hyperinflation is just not plausible. They cannot keep finding by borrowing. This is what the Great Reset is all about — altering the entire system because it is about to collapse anyway.
Global debt is exploding thanks to the deliberate COVID-19 manufactured crisis. It is approaching $280 trillion going into year-end. We should no longer call it even debt because at this point, they are just creating the money and the central banks are buying it. Moreover, there is ABSOLUTELY no intention whatsoever to pay back anything.
Here is Trudeau, PM of Canada, who completely misrepresents the debt, and refuses to answer the question simply saying interest rates are at historic lows. They have created this crisis in order to default on the debt using the Coronavirus scam as their excuse. I cannot stress enough, GET OUT OF ALL GOVERNMENT DEBT ON ALL LEVELS – PERIOD!
Meanwhile, Trudeau has committed Canada to the World Economic Forum’s Agenda 2030.
COMMENT: I admit I have been a gold bug and I bought into Bitcoin. I have been following Socrates since you began forecasting Bitcoin. I want to say that it has convinced me that these fundamental forecasts are just like fake news. When Socrates said gold would decline and then Bitcoin would rise, that made no sense but it was right. All they talk about is how hyperinflation will take place when the dollar loses its reserve status. Socrates is a real gift to us all. I think it is time to take it public to fight these Silicon Valley terrorists trying to change our future.
FK
ANSWER: Socrates just calls the shots as they unfold without bias or predetermined philosophy. I think what you have noticed between gold and bitcoin is interesting. Buffett sold his bank shares and first moved to gold shares. Warren Buffett’s Berkshire Hathaway bought a stake in Barrick Gold in the second quarter. The total stake in Barrick Gold was worth about $564 million. Then Buffett sold 9 million shares of ABX trimming the position 44% from Q2. Buffett also sold off Wells Fargo (WFC), JPMorgan Chase (JPM), PNC Financial Services, and M&T Bank, according to reporting by Yahoo Finance. The company also dropped its entire position in Costco.
Buffett, along with Bloomberg, is one of ABC News’ the “Super Rich Friends” and forget about his buying into gold and then selling it out. More importantly, he has been liquidating the bank stocks. This is what I have been warning that BigTech is moving in to replace banks. Don’t forget that Gates resigned from Berkshire to try to hide his influence from investment decisions behind Buffett. It has been Bill Gates calling for 10 more weeks of back in April lockdown! Bill Gates resigned both from Microsoft and Warren Buffet’s boards. It has been Bill Gates pushing to eliminate paper money and move digitally.
This is a coordinated effort with the World Economic Forum taking the visible lead. This is how all MANIPULATIONS take place. One person is upfront and gets all the press like Soros and the British pound. But there is a group with all the same positions. When the Long-Term Capital Management Crisis hit in 1998, it turned into a global liquidity crisis BECAUSE they all had the same position – Russian bonds. This is Klaus Schwab up front but all of BigTech is right behind him. Schwab has been cultivating heads of states to sell his Stakeholder Economics. He is an elitist and destroying the world economy to rebuild it from scratch in his mind is perfectly fine just hand out a guaranteed basic income as they are doing in the UK and in Canada to stay home.
COMMENT: Dear Marty, as you already know the german federal parliament is called “Deutscher Bundestag“. The parliament has an institution called “Wissenschaftliche Dienste“. The staff there helps the representatives to get informations independently from the governmental executive. Wissenschaftliche Dienste wrote an advisory opinion about the question if the german federal election which is due in autumn 2021 could be postponed because of corona virus. Would it be called a conspiracy theory to conclude that someone is planning something?
Kind regards,
M
REPLY: Governments are already planning to keep this COVID-19 scam running into at least 2022. Fauci is already spinning this target of 2022. If the Democrats take the Senate, they are also planning on postponing any elections in 2022. They are all lining up to suspend our democratic rights to elections and free speech to force this Great Reset upon the world. Note that there really is no authority to postpone elections, for this is not an epidemic that is defined as a 7.7% death rate of the population. The US population is 328 million. The COVID-19 deaths, with all other complications included, amounts to almost 230,000. To be a real epidemic we would need to see 25,256,000 deaths. A pandemic is an epidemic that has spread worldwide. We can see that this is all political for the death rate is so minimal it is by no means an epidemic.
AN EPIDEMIC is a disease that affects a large number of people within a community, population, or region.
A PANDEMIC is an epidemic that’s spread over multiple countries or continents.
ENDEMIC is something that belongs to a particular people or country.
AN OUTBREAK is a greater-than-anticipated increase in the number of endemic cases. It can also be a single case in a new area. If it’s not quickly controlled, an outbreak can become an epidemic (see Intermountain Healthcare.org)
COMMENT: Dear Marty, as you already know the german federal parliament is called “Deutscher Bundestag“. The parliament has an institution called “Wissenschaftliche Dienste“. The staff there helps the representatives to get informations independently from the governmental executive. Wissenschaftliche Dienste wrote an advisory opinion about the question if the german federal election which is due in autumn 2021 could be postponed because of corona virus. Would it be called a conspiracy theory to conclude that someone is planning something?
Kind regards,
M
REPLY: Governments are already planning to keep this COVID-19 scam running into at least 2022. Fauci is already spinning this target of 2022. If the Democrats take the Senate, they are also planning on postponing any elections in 2022. They are all lining up to suspend our democratic rights to elections and free speech to force this Great Reset upon the world. Note that there really is no authority to postpone elections, for this is not an epidemic that is defined as a 7.7% death rate of the population. The US population is 328 million. The COVID-19 deaths, with all other complications included, amounts to almost 230,000. To be a real epidemic we would need to see 25,256,000 deaths. A pandemic is an epidemic that has spread worldwide. We can see that this is all political for the death rate is so minimal it is by no means an epidemic.
AN EPIDEMIC is a disease that affects a large number of people within a community, population, or region.
A PANDEMIC is an epidemic that’s spread over multiple countries or continents.
ENDEMIC is something that belongs to a particular people or country.
AN OUTBREAK is a greater-than-anticipated increase in the number of endemic cases. It can also be a single case in a new area. If it’s not quickly controlled, an outbreak can become an epidemic (see Intermountain Healthcare.org)
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This entire pandemic scare is being used to revise the world economy because they lowered interest rates to negative in 2013 and after 6 years they have been unable to stimulate the economy. All the economic theories have failed so they are choosing to adopt the Marxist Agenda proposed by Klaud Schwab and Thomas Piketty to impose totalitarianism.
Here is the Wissenschaftliche Dienste report and it concludes if there is an epidemic, then they can postpone the elections. What is significant here is that they were even asked for an opinion.
“The postponement of an election date once set within the time corridor can occur due to special, extraordinary circumstances. Such important reasons can, for example, include natural disasters, unrest, epidemics or large-scale strikes. However, irrelevant considerations may not be included, nor may the reasons appear arbitrary. In this respect, weighty, legally significant public interests or aspects of the common good are relevant. It is not necessary, however, that it is “Absolutely imperative” reasons.”
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
