Napoleon – War – Sunspots & Human Excitability


COMMENT: I love when you educate us about the weather, especially the cycles. the NAPOLEON story killed me !!! I’m a french and believe me, nobody talked in school about the weather cycles when he tried to fight Russia and lost everything. I read 3 times your chart which plots the temperatures and the cycle initiated by the volcano a few years ago. you are enough smart to guess that French teachers NEVER talk this story under this angle of cooling temperatures…

REPLY: When you correlate everything you see the patterns. Sure, at Waterloo, the French used CANNONS while the British used CANISTERS. On the day of the battle, it rained a lot. The ground was very muddy, soft and wet mud. In that weather and ground conditions, cannons were not as effective.  It was more than just the weapons. In those weather conditions, Napoleon delayed and that cost him the battle. But had the weather been dry, things may have been different. The cold clearly beat Napoleon on his attempted invasion of Russia.

There is also the Human Excitability Study where war was correlated to sunspot activity. The sunspot cycle is roughly every eleven years. However, this time it’s different. The sun is headed for a very rare, super-cooling period that threatens to topple civilization itself as it has throughout history roughly following a 300-year cycle.

For most of its history, science believed the sun’s output was constant. They finally realized that a thermal dynamic cycle beats like your heart so the sun could not exist if it was a steady outflow of energy. One degree less and it would blow itself out. Hence, it is cyclical rising and falling in intensity.

The eleven-year cycle in sunspots itself builds in intensity like the Economic Confidence Model (ECM) reaching “grand maxima” and “grand minima” over the course of 300 years. The last grand maximum peaked circa 1958, after which the sun has been steadily quieting down. Today, the drop in activity is at its steepest in 9,300 years, which is being ignored by the Global Warming propaganda.

The last Maunder Minimum, during which the sun languished for seventy years, took place from 1645 to 1715 when the sun’s brightness declined and the number of sunspots collapsed to almost zero. We are seeing almost zero so far in 2018.

Alexander Leonidovich  Tchijevsky (1897-1964) did a study on sunspot and human activity. He found that humans responded even creating wars with the swings in sunspot activity. He may be most notable for his use of historical research (historiometry) techniques to link the 11-year solar cycle, Earth’s climate and the mass activity of peoples.  Just after World War I, Tchijevsky published a book on cycle theory. Perhaps the title was not destined to make the book a smash hit, but it might take a big breath away before you finish reading the last word. The title was: “Investigation of the Relationship Between the Sunspot Activity and the Course of the Universal Historical Process from the V Century B.C. to the Present Day.”

The title is a bit of a long-winded oddity suggesting that human nature becomes more excited during the increased periods of sunspot activity. Whether or not Tchijevsky proved his theory that we are all driven by sunspots, much in the same manner as the moon drives the tides of the seas is another subject which I am not too certain about. Tchijevsky’s work is an interesting collection of knowledge that does illustrate a pattern within human activity.

Tchijevsky did prove that man became more excited every 11 years which did correspond to the know 11-year cycle of sunspot activity. He gathered data from 72 nations from 500 B.C. to 1922. Throughout the 2,422 years, he included such factors of human excitability as war, riots, revolutions, expeditions, and migrations. He took into consideration the magnitude of the event, the size of the area affected, and the number of people involved. The charts that are reproduced here give a very interesting cyclical view of man’s activity which you can call emotion or excitability.

The Tchijevsky cycle clearly indicates that every 11 year cycle period can be broken down into four distinct periods. Period #1 has a duration of three years which is marked by peace, passiveness, and general rule by minorities. Period #2 has a duration of two years in which general excitability grows from political unrest. New ideas or concepts emerge which tend to challenge the party in controL These ideas become popular answers to present day problems but there is a definite lack of a uniting force. Period #3 again has a duration of three years. Under this period the public’s voice is heard. Under a dictatorship, this has been the strongest period of mass riots and revolutions in which major problems are solved. At times, anarchy does prevail but generally democratic reforms are gained. Period #4 has a duration again of about three years. The general excitability declines, and the people go along contented in a state of apathetic moods. Peace movements usually are generated during this period. The masses prosper and go about their normal course of life awaiting the sun to set and the new light of dawn which brings the beginning of a new cycle.

Reflect for a moment about these four distinct periods. Looking at our own recent political history, we see a similarity between this cycle and our preference towards political parties. For example. we had a cycle of peace and passiveness following World War II culminating in the peak of period #3 during the Johnson term. We entered period #4 bringing in President Nixon as everyone went about their business. Gradually we entered period #1 which brought about the Watergate affair resulting in the Ford administration and period #2 which has a duration of 2 years. Jimmy Carter arrived in town ushering in period #3 which is the peak on the 11-year cycle that normally contains revolution of political unrest. This brought about period #4 when we revolted against the Inflationary policies of the Democrats by voting in President Reagan with a sense of returning back to passiveness and old standards and goals.

Who knows if these events indeed were caused by sunspot activity? Perhaps the sunspots do affect our emotions in much the same manner as the moon can move the ocean from side to side. But the fact that remains is this: a cycle does exist. You can find no century on this chart that was ever lacking such human excitability. We are indeed “only human” to capture a saying normally invoked for human error. We have all heard that history repeats itself. Perhaps it is not history that repeats so much as human error. We are not immortal. We have not lived constantly throughout time. We die and are replaced by new generations. Each generation tends to believe that they are smarter than the last, failing to accurately study the errors made by previous generations; they will make the same mistakes.

Perhaps the events might differ but the result is always the same. Just as the Crusaders charged off to the Middle East to free the holy land from pagan Arabs, as they viewed it, we charged off into Europe to set the world free from the madness of Hitler; both resulted in worldwide wars so the events may have been different but the motives, passions, and outcomes were the same.

Tchijevsky’s attempt to relate man’s excitability to sunspot activity did accomplish one thing significant. His life’s work may not have proved or disproved his sunspot theory, however, it did provide us with evidence that man’s excitability, or emotions as I prefer to call it, moves within a cyclical pattern that can be identified

Bonds & The Record High Short Position Can Majority Be Wrong?


 

QUESTION: Hi Marty,
Can you help us better understand the dynamics of the sovereign debt crisis as it relates to US Treasuries? I know we are in a global debt crisis, which will also impact US Treasuries but it seems like short treasuries is the current consensus (I believe they are currently at the biggest net short position in recent history). Since most people need to be wrong, does this suggest that as global debt unwinds that perhaps US Treasuries may still have another rally in them before the final crash?

Thank you for any insight into what we know to be the greatest bubble.

Looking forward to the WEC!
SB

ANSWER: We have to always look at markets collectively from a global perspective, and also separating the long-term from the short-term trend. It is sort of the saying you can win the battle, but lose the war. This is the same thing. In the case of interest rates, the long-term is clearly staring at higher rates square in the eyes. However, then we have shifts in trend within the short-term. For example, domestically, you have this pervasive hatred of the stock market and as an evergreen tree, they have been perpetually bearish since 2009. They have not wavered in that forecast because they have blinders on and make forecasts solely upon a flat model limited to patterns and domestic analysis at best. Therefore, there will be these bouts of flight to quality sell stocks and buy bonds. We have NOT yet crossed the Rubicon in interest rates. We still have not yet elected the 4th Monthly Bearish Reversal. When we do, the 30-year will signal the debt crisis is in full gear.

Now we have to look at this market from a Hedge Fund Manager’s world. My decision has to be made on a global scale – not domestic. This boils down to you are a prince and your father compels you to ask one of the three ugliest girls in town for a date for political reasons for the realm. So, you choose the prettiest of the three ugly sisters as they say. This is what happens internationally. You have to have money in debt because you are trying to also be diversified (I do not always agree with that strategy). Hence, the euro looks like death warmed over, political chaos is brewing, so you have to push money out the door to other currencies. Hence, the dollar keeps rising and the political rhetoric against Trump is desperate to hide the trend that his strategies have been working on bringing capital home and renegotiating NAFTA. So with the dollar strong, euro in crisis, you have no choice but to buy Treasuries even if for short-term plays.

Consequently, you can be correct that the long-term trend is UP UP AND AWAY for interest rates. However, the devil is lurking behind every rock along the path. You may be correct on the war, but lose a fortune of the short-term corrections. Hence, we have not yet crossed the Rubicon. When we do, it will be time to shout very loud so our readers will hear. We can see that the chart patterns between dollars and euro in the 30-year Treasuries is as different as night and day.

President Trump Discusses Justice Brett Kavanaugh…


President Donald Trump calls in to Judge Jeanine Pirro weekend television program after the Senate confirmed Justice Brett Kavanaugh to the Supreme Court.

It’s Official – Supreme Court Justice Brett M Kavanaugh Sworn In During Private Ceremony…


During a private ceremony following the Senate confirmation vote, Judge Brett Kavanaugh took the constitutional oath of office with Chief Justice John Roberts presiding.  The judicial oath ceremony was conducted by retired Justice Kennedy.

WASHINGTON DC – Judge Brett Kavanaugh was sworn in as the 114th Supreme Court justice late Saturday, just hours after the Senate voted to confirm him to the nation’s highest court after a rancorous confirmation battle.

Kavanaugh was sworn in by Chief Justice John Roberts in a private ceremony, accompanied by his wife and children. It means that now-Justice Kavanaugh will begin hearing cases before the court on Tuesday.

[…]  Sen. Joe Manchin, D-W.Va., was the sole Democrat to vote “yes.” Sen. Lisa Murkowski, R-Alaska, was a “no,” but voted “present” as a courtesy to Sen. Steve Daines, R-Mont., who was attending his daughter’s wedding in Montana.  (read more)

(Judicial Oath delivered by retired Justice Kennedy – for whom Kavanaugh clerked)

President Trump MAGA Rally, Topeka Kansas – 7:30pm Livestream…


Tonight President Trump heads to Topeka, Kansas, where GOP Congressman Kevin Yoder is in a tight race against his Democratic opponent, Sharice Davids. President Trump is likely to talk about Supreme Court Justice Brett Kavanaugh, who was confirmed to the senate earlier today and sworn in at the Supreme Court in a private ceremony.

The venue is the Kansas Expocentre, and the anticipated start time is 6:30pm CT / 7:30pm ET, with pre-rally speeches and speakers ongoing.

UPDATE: Video Added

RSBN Livestream LinkFox News Livestream LinkAlternate Livestream Link

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First Lady Melania Trump Visits Malawi and Kenya…


First Lady Melania Trump has visited Ghana, Malawi and most recently, Kenya.  The White House official Flikr Stream has incredible pictures – SEE HERE.  Each picture has a brief paragraph explaining the context and subject matter.  Very enjoyable review.

Stunning Images Here

Now We have Caused the Earth to Shift – We Humans Cause Everything


Ok, it is time to all hold hands and jump up and down a few times to set the Earth back in line. The latest is that since 1899, humans are now also causing the Earth’s axis of spin to shift about 34 feet (10.5 meters). Now, research quantifies the reasons why and finds that a third is due to melting ice and rising sea levels, particularly in Greenland—placing the blame on the doorstep of anthropogenic climate change. Another third of the wobble is due to land masses expanding upward as the glaciers retreat and lighten their load. The final portion is the fault of the slow churn of the mantle, the viscous middle layer of the planet. My solution is obvious that we are all to blame and we should begin a program of gradual suicide to save the planet. Those who discovered all this harm humans are doing should set a good example and lead the way for the rest of us to follow. Does anyone want to second that vote?

MAGAnomic September Jobs Report: 134,000 Added, and a Massive Upward Revision +87,000 Equals 3.7% Unemployment Rate


The Bureau of Labor Statistics (BLS) release the first estimated September jobs report earlier today [Details Here] reflecting 134,000 new jobs added last month.  However, that’s not the story – The BLS revised August upward +69,000, and July +18,000.

The cumulative jobs gained 134k + 87k equals 221,000 new jobs. Lowering the unemployment rate to 3.7% the lowest unemployment statistic since 1969.

First, a note on the *revisions*.  How did the BLS underestimate (twice) the August jobs report by 70k ?  This is stunning: 201k -vs- 270k. That’s a 30% error rate?  Someone’s head needs to roll, because it looks like politically motivated statistical sandbagging.

BLS – […] The change in total nonfarm payroll employment for July was revised up from +147,000 to +165,000, and the change for August was revised up from +201,000 to +270,000. With these revisions, employment gains in July and August combined were 87,000 more than previously reported.  After revisions, job gains have averaged 190,000 per month over the last 3 months.

(BLS) Total nonfarm payroll employment rose by 134,000 in September, compared with an average monthly gain of 201,000 over the prior 12 months. In September, job gains occurred in professional and business services, in health care, and in transportation and warehousing. (See table B-1.)

Employment in professional and business services increased by 54,000 in September and has risen by 560,000 over the year.

Health care employment rose by 26,000 in September. Hospitals added 12,000 jobs, and employment in ambulatory health care services continued to trend up (+10,000). Over the year, health care employment has increased by 302,000.

In September, employment in transportation and warehousing rose by 24,000. Job gains occurred in warehousing and storage (+8,000) and in couriers and messengers (+5,000). Over the year, employment in transportation and warehousing has increased by 174,000.

Construction employment continued to trend up in September (+23,000). The industry has added 315,000 jobs over the past 12 months.

Employment in manufacturing continued to trend up in September (+18,000), reflecting a gain in durable goods industries. Over the year, manufacturing has added 278,000 jobs, with about four-fifths of the gain in the durable goods component.

Within mining, employment in support activities for mining rose by 6,000 over the month and by 53,000 over the year.

Employment in leisure and hospitality was little changed over the month (-17,000). Prior to September, employment in the industry had been on a modest upward trend. Some of the weakness in this industry in September may reflect the impact of Hurricane Florence. (read more)

National Economic Council Chairman Larry Kudlow discusses formally and informally:

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Informally:

Peter Navarro: “Economic Security is National Security” – China Challenges and U.S. Workforce Initiatives…


Hammer it home Pete, keep hammering it home.  “U.S. Economic Security is U.S. National Security”; and by extension global security. Those words were first spoken by Commerce Secretary Wilbur Ross to an international audience at Davos in 2017.

In the almost two years since first proclaimed, President Trump and the economic team have been executing economic policy to hit on this key message.  Trade deals, internal regulatory policy, tax policy, monetary policy, education policy and modern workforce initiatives are all inherently tied together to ensure U.S. National Security.

In the big picture President Trump is earnestly focused on rebuilding the American middle-class because the blue-collar and white-collar middle-class jobs are the heart of the American economic security.  All of these policies are connected to the middle class because it is the middle class that strengthens America.

This is an important conversation.  Learn it, teach it. Spread the importance of it:

Part-Two of the interview below:

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Senator Collins and Senator Manchin are “Yes” Votes for Judge Kavanaugh…


Senator Susan Collins (R-Maine) and Senator Joe Manchin (D-West Virginia) have announced their support for a senate confirmation vote for Judge Brett Kavanaugh.