It is no secret that I have no respect for George Soros and that is aside from the fact that we would often be on opposite sides of the market. I never saw Soros as a great trader. Even the reputation that he broke the Bank of England was nonsense. The “Club” was all on that trade and it was a guaranteed trade where if the peg broke, you made a fortune and if you were wrong, you got your money back. I was on the opposite side back then being called in by those in the British government. After a 7-year bull market in equities, Soros finally threw in the towel ending his bets on the stock market crash only after being wrong for so long.
Soros lost big time on the Russian manipulation when the “Club” was bribing the IMF to keep the loans to Russia going so they could make a fortune in interest rates. That failed and ended up in Long-Term Capital Management debacle. Soros lost $2 billion on that one. I believe he also lost when the “Club” was targeting the Japanese yen in 1999. So I never saw Soros as some fantastic trader. I believe he was just simply on the right side of a few big plays orchestrated by the “Club” and never by himself.
I personally find him very dangerous politically. He stands for control of the people and is always plotting for the manipulation of society. He is always on the side of Marxist/Socialism and disturbs me greatly. This is just his political philosophy. There has been a rising movement against Soros on a global scale. This is one person who the world will celebrate his death – not morn it.
The Telegraph is now reporting that Soros “is one of three senior figures linked to the Remain-supporting campaign group Best for Britain who plan to launch a nationwide advertising campaign this month, which they hope will lead to a second referendum to keep Britain in the EU.” Soros is on the wrong side. Europe has no chance of the EU Project actually succeeding long-term. The entire structure is completely unsound and the political process is anti-Democrat. The EU was purposefully designed to be as close to a dictatorship where the people are not trusted to make any decision and are too stupid to even know how to spend their own money. Nobody in the Troika ever stands for an election and they are the people who rule with an iron fist over the economy.
Every police officer is armed and rarely will they ever be found guilty of killing citizens. In London, the police were unarmed and there was far less violence. A criminal in the state knows he may have to shoot his way out because the police are armed.
Nonetheless, there is also a growing trend of what is being called “Suicide by Cop” where people lack the courage to commit suicide so they look for other means. Inside prison, they will typically pick a fight with someone they know would kill them
Outside, people who are already contemplating suicide but lack the courage, decide that provoking a policeman into killing them is the best way to achieve that goal. These individuals may even commit a crime with the specific intention of provoking the police into a lethal confrontation.
Still, others who are committing a crime but have been in prison before may choose to shoot it out and prefer death to prison.
The question becomes, should every police officer carry a gun? Should there be special forces that are called in? If they know the police are not armed, as, in London, they don’t shoot them. Interesting question!
Property values in Illinois are collapsing thanks to the State being over the edge with its fiscal mismanagement. The state employee pensions are bankrupting the state and are now destroying the value of property in the States as a whole. We previously warned back in 2015: “This is why it appears that real estate will peak with this turn on 2015.75. Some areas will be hit very hard; Illinois will be a disaster for their Constitution states that government pensions cannot be reduced. This means they will raise taxes dramatically, destroy their economy, until eventually entering bankruptcy. The next four years will be devastating with tax increases in many areas.”
Now as property taxes keep rising, property values are collapsing. The state is experiencing NET MIGRATION outward and this is a major problem. Those who own hoses in Illinois better get out of the state before you find you can never sell your property. Just follow the signs – it’s not that hard. They haven’t yet put up road-blocks to prevent people from leaving. But expect an exit tax to shake you down if you leave soon.
Earlier today President Donald Trump delivered remarks during the 66th annual National Prayer Breakfast in Washington DC. (Video and Transcript)
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[Transcript] 8:48 A.M. EST – THE PRESIDENT: Thank you, Charlie. (Applause.) Thank you very much. And thank you, Randy, for that very kind introduction. I want to thank you and Congressman Charlie Crist for serving as co-chairs this year.
It’s an honor to be with so many faith leaders, members of Congress, and dignitaries from all around the world as we continue this extraordinary tradition. I’m very glad to be joined by many members of my Cabinet. You’re doing a terrific job.
I want to extend our appreciation to the First Lady of Rwanda for leading the opening prayer. Thank you. Thank you very much. (Applause.)
I also want to thank my two great friends, Mark Burnett and Roma Downey. They’re some here. Where are they? They are two terrific people. Stand up, Mark. You deserve it. Even though he comes from Hollywood. (Applause.) Roma, thank you very much. Thank you for being here.
Major Scotty Smiley and Tiffany, we’re moved by your faith and your courage, and inspired by your service and sacrifice. That was really beautiful. Thank you very much. Thank you. (Applause.)
And to my friend, and everybody’s friend, Steve Scalise, we are so glad to have you with us today. Your presence reminds us of Jesus’s words in the Book of Matthew: “With God all things are possible.” You are fantastic. You really are, Steve. (Applause.) Fantastic man.
America is a nation of believers, and together we are strengthened by the power of prayer. This morning, our hearts are full of gratitude as we come together for the 66th annual National Prayer Breakfast.
But our hearts are also saddened by the absence of the co-founder of this wonderful breakfast who passed away last year, Doug Coe, who everybody loved. (Applause.) For 60 years, Doug devoted his time and passion to this Prayer Breakfast and to many other wonderful causes. Today, we are blessed to be joined by Doug’s wife Jan, and two of their sons, David and Tim. (Applause.) Thank you. Thank you very much. Great man.
I want to thank you for carrying on Doug’s legacy also, and bringing our nation together in prayer. You are indeed carrying on his great legacy.
Each year, this event reminds us that faith is central to American life and to liberty. Our founders invoked our Creator four times in the Declaration of Independence. Our currency declares, “In God We Trust.” (Applause.) And we place our hands on our hearts as we recite the Pledge of Allegiance and proclaim we are “One Nation Under God.” (Applause.)
Our rights are not given to us by man; our rights come from our Creator. (Applause.) No matter what, no Earthly force can take those rights away. (Applause.) That is why the words “Praise be to God” are etched atop the Washington Monument, and those same words are etched into the hearts of our people.
So today, we praise God for how truly blessed we are to be American. (Applause.) Across our land, we see the splendor of God’s creation. Throughout our history, we see the story of God’s providence. And in every city and town, we see the Lord’s grace all around us, through a million acts of kindness, courage and generosity. We love God.
We see the Lord’s grace in the service members who risk their lives for our freedom. We see it in the teachers who work tirelessly for their students, and the police who sacrifice for our communities — and sacrifice they do. (Applause.)
And we see the Lord’s grace in the moms and dads who work two and three jobs to give their children the chance for a better and much more prosperous and happier life.
As the Bible tells us, for we are God’s handiwork, created in Jesus Christ to do good works. America’s heroes rise to this calling. In their selfless deeds, they reveal the beauty and goodness of the human soul.
When catastrophic hurricanes struck, first responders and everyday citizens dove into rushing waters to save stranded families from danger. And they saved them by the thousands. Neighbors opened their homes to those in need of food, clothes, shelter. Firefighters braved blinding smoke and flames to rescue children from devastating wildfires.
During the horrific shootings, strangers shielded strangers, and police officers ran into a hail of bullets to save the lives of their fellow Americans, right in Las Vegas. A terrible day, a terrible night. But such bravery.
Families have adopted babies orphaned by the opioid epidemic and given them loving homes. Communities and churches have reached out to those struggling with addiction, and shown them the path to a clean life, a good job, and a renewed sense of purpose.
And soldiers, sailors, Coast Guardsmen, airmen, and Marines have spent long months away from home defending our great American flag. (Applause.)
All we have to do is open our eyes and look around us, and we can see God’s hand. In the courage of our fellow citizens, we see the power of God’s love at work in our souls, and the power of God’s will to answer all of our prayers.
When Americans are able to live by their convictions, to speak openly of their faith, and to teach their children what is right, our families thrive, our communities flourish, and our nation can achieve anything at all. (Applause.)
Together, as Americans, we are a tireless force for justice and for peace. We have witnessed this truth over the past year.
For years, ISIS had brutally tortured and murdered Christians, Jews, religious minorities, and countless Muslims.
Today, the coalition to defeat ISIS has liberated almost 100 percent of the territory just recently held by these killers in Iraq and all throughout Syria. (Applause.)
Much work will always remain, but we will never rest until that job is completely done. And we are really doing it like never before. (Applause.)
We know that millions of people in Iran, Cuba, Venezuela, North Korea, and other countries suffer under repressive and brutal regimes. America stands with all people suffering oppression and religious persecution.
Last week, during the State of the Union, the world was inspired by the story of a North Korean defector, Mr. Ji Seong-ho, who is now back in South Korea.
Before his escape, when Seong-ho was being tortured by North Korean officials, there was one thing that kept him from losing hope: Over and over again, he recited the Lord’s Prayer. He prayed for peace, and he prayed for freedom. And now, as you know, Seong-ho is free and a symbol of hope to millions of people all around the world. (Applause.)
Here with us today is another symbol of hope, a very brave 9-year-old girl named Sophia Marie Campa Peters. Sophia suffers from a rare disease that has caused her to have many strokes. At one point, the doctors told Sophia that she would not be able to walk.
Sophia replied, “If you’re only going to talk about what I can’t do, then I don’t want to hear it — (laughter) — just let me try to walk.” (Applause.)
She tried, and she succeeded. And one of her doctors even told her mom — and they’re right here in the front row where they should be — “This little girl has God on her side.” (Applause.) Thank you, Sophia. Thank you, mom. Great mom.
I said, “Do you love your mom?” She said, “I have a great mom. I love my mom.” (Laughter.) Right?
Just two weeks ago, Sophia needed to have a very high-risk surgery. She decided to ask the whole world to pray for her, and she hoped to reach 10,000 people.
On January 24th, as Sophia went into surgery, she far surpassed her goal. Millions and millions of people lifted Sophia up in their prayers.
Today, we thank God that Sophia is with us, and she’s recovering, and she’s walking very well. (Applause.)
And I have to say this, Sophia: You may only be 9 years old, but you are already a hero to all of us in this room, and all over the world. Thank you, Sophia. (Applause).
Heroes like Sophia come from all across our country and from every different background. But they all share one thing in common: Through their love, their courage, their sacrifice, we glimpse the grace of almighty God.
So today, inspired by our fellow citizens, let us resolve to find the best within ourselves. Let us pray for that extra measure of strength and that extra measure of devotion. And let us seek to build a more just and peaceful world, where every child can grow up without violence, worship without fear, and reach their God-given potential.
As long as we are true to America’s founding and the example that all of these great founders have set, we can all be heroes to everybody, and they can be heroes to us.
As long as we open our eyes to God’s grace and open our hearts to God’s love, then America will forever be the land of the free, the home of the brave, and a light unto all nations. (Applause.)
Thank you for this incredible event and to our wonderful hosts. And thank you to all of our heroes for serving, protecting, and inspiring America each and every day.
God bless you, and God bless America. Thank you very much. Thank you. (Applause.)
I was quoting you while speaking to a friend from a similar recent post where you stated that interest rates were at 5,000 year lows.
They asked me where you got data going back 5,000 years and of course I was at a loss to explain. So my question is: does such actual data exist?
“How can you have such an even with interest rates at 5,000 lows and governments unable to fund themselves? ”
Just one more thing: if Socrates was female and I was a bachelor, I’d be coming to her door every five minutes with another bunch of roses,,,,,
ANSWER: Interest rates are one of the areas along with money that we have historical records back to the start of recorded history. There is even a great data source based in part on the work of by Sidney Homer and Richard Sylla – History of Interest Rates. We have the full account of that research on the site under History.
Our work incorporates that data source and we have added additional material uncovered from historical records.
QUESTION: Marty; Just wow. You called the day of the high and then said the market would make a new low yesterday, a directional change would take it back up and that was the low. I do not understand why the world is not knocking down your door. Then again, I guess they did that’s why they overwhelmed your site trying to buy-in. You once said that the cycle can extend into 2032 and an indication of that would be a correction from 2018. You said at the WEC that it did not necessarily mean we would break last year’s low. So is that what is unfolding? Is everything extending from 2021 to 2032?
KS
ANSWER: The Global Market Watch called the event perfectly. It called for a Waterfall and noted the January high was Important. It picked a similar pattern on the Quarterly level. It came back and identified yesterday as a low as well. This proves the computer did this all by itself. When it picks up patterns, you know it is not biased and there are no human emotions involved. Human judgment is where the mistakes come into play.
We have a turning point in 2020 which has been there on point for years. With 2018 being a Panic Cycle Year, there is the risk of a 2020 low and then you extend the rally out into 2032. This would be indicated by electing a Monthly Bearish Reversal and we must penetrate last year’s low of 19,677.94. However, because this is a Panic Cycle Year, you often take out the high and low or the year before. We have made a new high. So that means if we breach last year’s low, then we end up with a hard recession into 2020 in alignment with the Economic Confidence Model. Under a flat model, yes 2020 would be a low. But is that too easy?
So no, we cannot yet rule out a 2020 low. It all depends upon breaking 198,677.94. If that unfolds, then we are in for a major economic crisis on the Monetary Crisis Cycle going into that which began here in 2018 and goes into 2021 when it goes completely nuts. This means we are treading water right now. Yes, we will go back to new highs. There is no doubt about that. Those who are calling this a super bear market are using flat models as always. They are simply taking the past and overlaying that on the present and proclaim the end of the world as always.
It is far more complicated than that and they have no clue of Cycle Inversions of the impact of Superposition effects injected from external markets. To get some super bear market means cash would swing into government bonds and out of equity. Gold should be rising yet it fell also on its Benchmark. Everything is not aligned with the classic super bear market. How can you have such an even with interest rates at 5,000 lows and governments unable to fund themselves? There is much more at stake than meet the eye.
I am rushing and writing right now the long-term scenario and providing the arrays out for the next 12 years. I will let everyone know as soon as it is out.
QUESTION: Marty; I have been following you since the 1980s. I was there at your WEC in 1987 when you had to hold one every weekend for three weeks in a row the world was going so crazy. I have never known your model to miss a high or picking the low in a panic. Will you update How to Trade a Panic you published back in the 1980s? It is time to get that out.
At the last WEC, I had a conversation with a first timer. He commented you never advertise yet have the biggest audiences ever. I told him I do not recall you ever advertising since the 90s. You don’t need to. All roads lead to you like Rome. My hat’s off to you for calling this panic again to the day. I find it curious why the TV shows, newspapers, none of them will quote you or tell the world what you have accomplished so consistently. This I have come to realize is confirmation of their own dishonesty for if they really report news, they should report you have done it again.
Will this be like 1987, 2000, and 2007? New highs yet again?
Your loyal follower for decades
PD
ANSWER: That is a good idea, I will update How to Trade a Panic. It’s about time I suppose.
Of yes, I remember 1987. I was so exhausted after doing three WEC three weekends in a row selling out each time. That’s when even the Presidential Commission wanted the research. It was a crazy yet fun time. I was thinner and had more energy back then.
Yes, we have not advertised since the early 1980s. Perhaps only after launch and everything is stable after setting up servers around the world. Will we see new highs again? Yes, of course!
This was a Panic Cycle Year I announced at the WEC. It was also 8.6 years up from the 2009 low. The market crashed right on target and it was also the Gold Benchmark target. Then it made the initial low on the Directional Change and bounced. Pretty standard. Hang on. The fat lady has not sung yet.
We still have the weekly numbers coming into play on Friday
COMMENT: The Superbowl forecast is bigger than you think.
I’ve been an avid reader of your blog for over 3 years now and your insights cured me of my gold buggery. Thank You again.
The most important part of your Superbowl post in my opinion was the following:
“The Triple Crown was a piece of cake because it is the event I was forecasting, not the horse.”
Despite being an avid reader of the blog for some reason I never put together the 51.6year wave on the Superbowls – as a lifelong football fan this is SO fascinating to me!
Last year’s Superbowl was arguably the greatest ever played – The Patriots were down 28-3 and came back in the 4th quarter to win. Tom Brady passed Joe Montana and Terry Bradshaw by becoming the only QB to ever win 5 Superbowls.
In many ways, this was the peak or turning point for the NFL. Amazingly the anthem protests exploded onto the scene 7 months later – RIGHT AFTER WE WOULD HAVE PASSED the 51.6year mark from the start of the 1st Superbowl! The anthem issue has had a drastic impact on ratings – this year’s Superbowl posted the lowest ratings since 2009!
Even more interesting to me is the first 51 years of the Superbowl era was dominated by a handful of dynasties (Packers in the 60s, Steelers in the 70s, 49ers in the 80s, Cowboys in the 90s, Patriots ever since). During the 52nd Superbowl – which is the 1st one post 51.6yr – the Eagles (who had never won a Superbowl before) took down the greatest dynasty of the last era! They did so against the greatest QB-Head Coach tandem in history and did it with their BACKUP Quarterback who was only playing because the starter had torn his ACL.
The Eagles became the first team in Vegas history to be an underdog in all 3 playoff rounds and win every game!
I mean those are some really amazing “coincidences” in my mind!
But, again, I felt that you hit the nail on the head when you said you were FORECASTING the EVENT and not the HORSE! It makes so much more sense when you look at it that way. There’s too many teams, too many players/coaches/refs, it’s hard to predict THEM but predicting the EVENT does appear possible. Just amazing stuff! I can see now how this correlates to markets – you aren’t picking the people your seeing the event and using history as a guide to tell you how people will react when the event unfolds!
Every American institution including the FBI, Hollywood, US Gymnastics, US College Sports, and even the NFL is falling apart. It’s all about 2032 and the breakup! If you can forecast the event than the collapse of these institutions isn’t surprising. It’s just unbelievable what you’ve uncovered.
My mom was a follower of Gann and watching her work with that growing up allowed me to see how great your work is as an adult. I wish she was still alive so I could share your work with her. As a 28 year old I feel your insights have provided me a leg up on the rest of my generation just because of the mindset you’ve presented on the blog.
Thanks again for everything!
TC
REPLY: Perhaps you are right. I have been doing this for a long-term so I am rarely surprised or impressed. I just expect it to unfold as shown. You are correct, I forecast the Presidential Election in 2016 back in 1985. I was forecasting the EVENT and not the people, such a Trump. Even when people criticise me, it is the person they are attacking, not the methodology. This is a cultural thing were we presume, quite strangely I might add, that humans are somehow capable to change the trend of the whole.
Politics always run for office promising something. They pretend as if they can change the trend irrespective of what is happening globally. The named shanty towns “Hoovervilles” during the Great Depression blaming President Hoover unfairly as if one man could have created such an event. He was unfortunately there at the wrong time. Trump became president simply because he was there at the right time.
QUESTION: You do not believe in wide diversification?
ANSWER: No. Wide diversification is only required when the investor does not have a clue about what is going on in the markets. We have asset allocation models for Institutions who simply believe they must have some diversification. The main objective is to limit the areas they will take losses on because of diversification. Why buy government bonds when you know we are at a 5,000 low? I am sorry, but sometimes the allocation to a particular segment should be ZERO!
Economic optimism reaches a 13-year high according to the latest polling release from Investors Business Daily.
…[…] The IBD/TIPP Economic Optimism Index climbed 2.9% in February to reach 56.7. This is the highest reading for this index since October 2004, and marks the 17th straight month that it has been over 50 — which signals overall optimism about the economy. It is also well above its long-term average of 49.3. (more)
Additionally, a recent UBS survey of business confidence shows the Tax reform bill passing has created a stunning jump in already strong optimism for the future.
According their survey completed in January, UBS shares the combination of a surging U.S. economy, new tax rate cuts, expected infrastructure investments and a significant reduction in regulations has companies, by a two-to-one margin planning to hire more workers and invest more in their companies.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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
