Lou is 100% right this is nothing more that a soft coup d’état by the progressives against President Trump!
Tag Archives: Huxley’s “Brave New World”
OBAMA EXPANDED NSA POWERS DAYS BEFORE LEAVING OFFICE, NOW THEY’RE BEING USED TO SABOTAGE TRUMP
Thump needs to get that AG ruling on NSA transcripts changed ASAP
60% OF REFUGEE ARRIVALS SINCE JUDGE HALTED TRUMP’S ORDER COME FROM 5 TERROR-PRONE COUNTRIES
If this influx of all the worlds trash and degenerates (Muslims) continues to pout in here for much longer the country is done. Get out while you can and try to get in to China.
Michael Savage on illegal immigrant anchor babies
Michael Savage is absolutely 100% right!
Immigration: Anchor babies beware
The simple answer is absolutely not!
Congresswoman Maxine Waters Goes Bonkers (Again)…
Waters is a wacko there is no doubt about that, sadly she is not the only one.
Understanding the Rally
Armstrong Economics Blog/Training Tools
Re-Posted Feb 16, 2017 by Martin Armstrong
QUESTION: Marty is the rumor true that there is huge short-covering going on that is taking the US share market higher?
ANSWER: Of course. As I have stated, our model tends to show the point of no return is in the 23000 level, not here. This rally since 2009 has been the most BEARISH rally ever in history. Think of this like the mirror image of gold. Gold has declined for 5 years and you have people screaming here we go with ever $20 rally. In the stock market, it has been exactly the opposite. Every time the market decline, they say here we go it will crash by 70-90%.
This is what I mean that the MAJORITY must always be wrong for they are the fuel that moves markets. I have been stating persistently that the Dow cannot “C R A S H” when the majority are bearish and retail participation is at historic lows (see Gallup poll).
The only buyers have been due to the dollar, and sophisticated traders. The bulk of everyone else are BEARISH and cannot bring themselves to buy for they are still fighting the last rally in 2007 when they got caught.
So yes, there has been serious short-covering. That has been the bulk of this immediate rally and the relentless new highs each day. Only when the market crosses the 23,500 level do we see people surrendering and saying S H I T this is just going up. Until then, it will rally to each of our levels, stop briefly, and then proceed as long as we do not hit a turning point in TIME.
Others will point to this to then proclaim – See. This rally is not real and it will crash by 90% any moment now. This is why it is not over until the fat lady sings – or perhaps in this case, goes broke and screams.
Here is the gold low in 1985. It bottomed on February 26th and on March 18th-19th a panic short-covering began. It was not people going long. It was shorts in panic. Merrill Lynch at that time hired me to TEACH one of their clients in Switzerland how to trade. They said they would pay all expenses and pay my hourly rate for the entire time even sleeping. I ask who the hell was this? It turned out he created the biggest deficit in history up to that point $25 million in gold. He was short and that is the loss over and above what he had in the account. Keep in mind the biggest hedge fund was $100 million back then.
It is routinely short-covering that created the major breakouts and lows, just as it is panic selling from longs that cement major highs. This is why I say after years of being called in to some of the biggest disasters in trading over the last 40 years, my conclusion is simply the MAJORITY must always be wrong.
I support this petition which is to give students a break that they need
I agree that we have to make the student loan dis-chargeable again in the bankruptcy court. This petition, below, needs 150 signatures to get the attention of the White House. The economics of higher education are in crisis: tuition’s are soaring, with increases in college and school costs outpacing inflation students are exiting college and graduate school more indebted than ever has transformed student loans into the largest source of consumer indebtedness after mortgages. To make matters worse, all of this comes as the value of higher education is being called into question. With returns sinking and tuition’s, indebtedness, and defaults surging, the need for higher education financial reform is pressing. Students are unlikely to be able to repay, and § 523(a)(8) of the Bankruptcy Code exacerbates the effects of such burdensome debt by allowing private and federal student loans to be discharged only upon a showing of “Undue Hardship.” Please sign this petition.
We the people should ask the Congress to repeal 11 USC § 523(a)(8), which the statute states that “unless excepting such [student loan] debt from discharge under this paragraph would impose an undue hardship on the debtor and the debtor’s dependents.” This is the petition: You now have 30 days to get 99,999 signatures in order for your petition to be reviewed by the White House. Until your petition has 150 signatures, it will only be available from the following URL and will not be publicly viewable on the Open Petitions section of We the People:
Student Loan Petition to White House
Armstrong Economics Blog/Civil Unrest
Re-Posted Feb 16, 2017 by Martin Armstrong
REQUEST: Dear Mr. Armstrong: I am trying to discharge student loan in the bankruptcy court, and it is very tough battle. I am in the situation that it is all out war with the U.S. Department of Education. I have been reading your blog for more than a year now and found that we have common grounds. I agree that we have to make the student loan dischargeable again in the bankruptcy court. I humbly and respectfully request for your help to promote my petition to the White House that We the people should ask the Congress to repeal 11 USC § 523(a)(8), which the statute states that “unless excepting such [student loan] debt from discharge under this paragraph would impose an undue hardship on the debtor and the debtor’s dependents.” This is the petition I created recently: You now have 30 days to get 99,999 signatures in order for your petition to be reviewed by the White House. Until your petition has 150 signatures, it will only be available from the following URL and will not be publicly viewable on the Open Petitions section of We the People:
REPLY: I will sign your petition. I would point out that this was pay-back from the Clintons to the bankers. The logic was that a student has no collateral, so eliminate bankruptcy protection. The Clintons agreed. Then the bankers still wanted parents to cosign. Thus, this was the greatest fraud that the Democrats pulled off to help the bankers and eliminate bankruptcy protection for even the parents.
Bankruptcy in the United States is governed under the US Constitution (Article 1, Section 8, Clause 4) which authorizes Congress to enact “uniform Laws on the subject of Bankruptcies throughout the United States.” To exclude students violate the Due Process clause and Equal Protection Clause. Supreme Court case of Allgeyer v. Louisiana in 1897, the Court came to the conclusion that the Due Process Clause in the Fourteenth Amendment extended to private contracts as well, allowing such liberties as “freedom of contract” to be enforced without the implementation of various social and economic regulations passed by Federal and State governments.
This is discrimination for the government should NOT be allowed to discriminate also against a class of people, not just race or creed. All the students whose teachers allow them to cut class and protest against Trump for his immigration ban for 120 days, would never allow their students to do the same on this issue for schools will not have it so easy if they have to compete for students and provide degrees that are worth something. Forbes Magazine reported that 60% of students cannot find a job in what they paid for.
Therefore, the education system also violates consumer fraud statutes. The definition is: Deceptive practices that result in financial or other losses for consumers in the course of seemingly legitimate business transactions.
I believe there are many grounds to challenge this, but it takes time to get to the Supreme Court, probably 5 years at best. Your petition is a good way to start. It is a shame that these protesters against Trump are so ignorant of the real issues than a 120 ban on immigration.
Fed & Its Balance Sheet
Armstrong Economics Blog/Uncategorized
Re-Posted Feb 16, 2017 by Martin Armstrong
QUESTION: Mr. Armstrong; At the WEC you said the Fed would allow its balance sheet to eventually shrink, it was trapped and could not sell off its holdings. Yellen seems to have come out and said the same thing. Is this advice you have given in Washington?
XM
ANSWER: What Yellen has said is that the main tool for setting monetary policy would remain the fed funds rate, not shrinking its balance sheet. It cannot shrink its balance sheet right now for that would be deflationary. Yes, she said that the Fed would likely reduce the size of its balance sheet over time, but it would KEEP reinvesting proceeds from MATURING Treasuries and mortgage-backed securities for now to “maintain accomodative conditions.”
This is Yellen confirming what I have warned about. The central banks are trapped. They can NEVER sell the bonds they bought, and the best they could do is allow them to mature. However, that would still be deflationary and result in sending rates higher. Yellen’s comments make it appear that the Fed will raise rates to what it perceives to be a neutral rate before making adjustments to the size of the balance sheet.
Therefore, looking at our arrays, it appears the May/June period may be the next target for a rate hike. However, keep in mind that we have the French elections. That can send the dollar rising even more as the Euro caves in. Make no mistake about this. The position of Yellen is responding to the domestic conditions and the breakup of the EU is looking ever more imminent. Therefore, Draghi has been proven to be completely wrong in his attempts to manage the economy of Europe. Instead of creating a recovery, he has deepened the divide and brought the EU to the brink of collapse. Raising rates on Yellen’s party is doing exactly what I warned would unfold. As the dollar strengthens and Europe looks more questionable, the capital flows to the dollar creating the appearance of an asset bubble.
The mainstream media have declared outright war on Trump. The higher the stock market, the more they will turn and blame trump saying he is just making his rich friends richer. This will feed back and compel the Fed to raise rates more to stop the asset bubble, which in turn will attract more capital to the dollar while sending emerging markets over the cliff.
Welcome to the new exciting world of international capital flows.
