Looks about right to me … lol
Trump to CNN: ‘You Are Fake News’
After Trump criticized CNN for its recent report on Russia and him, CNN could ask a question. Trump stated, “Your organization is terrible. … Don’t be rude. No, I’m not going to give you a question. … You are fake news.”
Later in the press conference, Trump did take a question from CNN reporter Jeremy Diamond.
kommonsentsjane
QUESTION: Hello, could you explain the differences between “Knee Jerk v Spike v Temp v Reaction Events” ? They are all Timing indications I guess? regards.
ANSWER: When the computer is classifying something as a Knee Jerk high or low, it means it is a one-time-unit event. A Reaction High or Low has not penetrated the previous event and is at least a three-time-unit event. A Temp High or Low is normally a brief trend greater than three-time-units.
Here is the Global Market Watch on gold. You can see it correctly forecast two Knee Jerk lows, which proved to be correct. It is the GMW which eliminates personal opinion and is based solely upon pattern recognition. This is neither technical nor cyclical based. This is something altogether unique and represents true Machine Learning Intelligence.
QUESTION: Martin,
Love your blog, especially your historical perspective.
You recently responded to a viewer that we should take precious metals out of safety deposit boxes. Is there a reason for this? To my understanding the bail-in rules for banks in N.america put deposits and bonds at risk only?
Thanks.
ANSWER: The contents of a safe deposit boxes are not covered by FDIC insurance. Never store a passport or any document you might need to get a hold of in emergency in a safe deposit box. The government can simply close all banks as they did in 1933 in a “Banking Holiday”. At 1:00 a.m. on Monday, March 6, President Roosevelt issued Proclamation 2039 ordering the suspension of all banking transactions, effective immediately. He had taken the oath of office only thirty-six hours earlier.
From March 6 to March 10, banking transactions were suspended across the nation except for making change. Roosevelt presented the new Congress with the EMERGENCY BANKING ACT at this time. The law empowered the President through the TREASURY DEPARTMENT to reopen banks that were solvent and assist those that were not. The House allowed only forty minutes of debate before passing the law unanimously, and the Senate soon followed with overwhelming support.
Banks were divided into four categories. Surprisingly, slightly over half the nation’s banks were deemed first category and fit to reopen. On the Sunday evening before the banks reopened, Roosevelt addressed the nation through one of his signature “FIRESIDE CHATS.” Roosevelt assured sixty million radio listeners that the crisis was over and the nation’s banks were secure. The bank run was over. On June 16, 1933, Roosevelt signed the GLASS-STEAGALL BANKING REFORM ACT, and also created the FEDERAL DEPOSIT INSURANCE CORPORATION. Keep in mind the the government can close all banks for there is precedent. Whatever you have in a safe deposit box can also be seized and inspected.
There is no precise law against storing metal or cash in a safe deposit box. But law is malleable in the hands of any judge. He can seize the money or gold under the pretense of money laundering hiding it from the government. Under Civil Asset Forfeiture, they can assume the money is guilty of a crime being even tax evasion. It then is your burden to fight in court to get it back if you can hire a lawyer.
On April 1st, 2015, Chase bank in the US advised clients who rent safe deposit boxes from them that there would be some changes in their policies. Of particular interest is the following condition:
“Contents of box: You agree not to store any cash or coins other than those found to have a collectible value.”
This is why I recommend buying $20 common date gold coins and not modern bullion. You need to be in a position to say these are collector coins – not bullion. Gold is a HEDGE AGAINST government in the midst of a crisis. Gold does NOT rise with inflation. The 1980 high adjusted for inflation is about $2300. So if gold is a HEDGE, it is during a crisis. The risk of being able to get to a safe deposit box in a crisis diminishes greatly.
What an ass Obama is this is beyond belief, actual I hope its not true but then knowing Obama it could be.
Rush almost never gets it wrong and this is no exception.
Fake News is the method of choice of the liberal press!
Upon leaving CPAC, today President Trump took another step to dismantle the choking network of regulations that strangles economic growth, impedes business and weakens the overall economy. Today bu…
Source: President Trump Begins Dismantling The Regulatory and Administrative State…
One month ago, in delightful, if anticipated, confirmation that much if not all of China’s data has been cooked and fabricated as so many skeptics suspected, we reported that according to the People’s Daily, the rust-belt province of Liaoning had admitted to fabricating fiscal numbers from 2011 to 2014. The fabricated economic data was meant to show a state of economic strength with fiscal revenues inflated by at least 20%, and some other economic data were also false, the paper said, without specifying categories.In short, the fabrication opened a hornet’s nest: if one Chinese was doing it, then why not all, and by how much was the real data off?
But why manipulate the numbers to paint a rosier picture? For obvious reasons: the data were made up “because officials wanted to advance their careers.” The fraud misled the central government’s judgment of Liaoning’s economic status, he said, citing a report from the National Audit Office in 2016.
Yet while it was this confirmation of data fraud was gratifying, what was absent was the scale of the fraud, as having the real and fake numbers would provide a useful rule of thumb into just how cooked all of China’s books are, not just those in Liaoning. Conveniently, today we got the answer courtesy of the FT, which reported that the economic output of the province in question shrank by 23% in nominal terms last year, according to official statistics, showing the extent to which officials had previously exaggerated performance in China’s struggling rust-belt.
The sudden drop in provincial gross domestic product is only partly due to a fall in the real economy: in inflation adjusted terms, GDP fell by 2.5 per cent according to the national statistics bureau. The rest was undoing the book cooking: “The main reason for the decline, analysts say, was officials’ attempts to undo the effects of previous over-reporting.”
Further evidence of data fabrication can be seen in Liaoning’s fixed-asset investment figures, which fell 64 per cent in 2016. China International Capital Corporation, a partly state-owned investment bank, said the drop in investment raised doubts about previous years’ figures.
The Lianoing scandal also appears to have convinced even those not overly skeptical, that no Chinese data can be trusted going forward.
“The sharp decline was not only a result of economic downturn but also reflected the correction of its previously inflated data,” wrote CICC last week.
“Liaoning have had stark issues with their data over the past few years. Does that mean other provinces do too? That’s definitely the case — provincial GDP is always higher than national GDP,” said Jonas Short, head of China research at NSBO, an investment bank.
It gets more ironic: the current Premier Li Keqiang was the top official in Liaoning from 2004 to 2007, and once decried GDP data as “man-made” and therefore unreliable. Instead, he preferred three indicators of industrial activity: electricity consumption, railway cargo volume and loans extended by banks. However, such indicators are less relevant to measuring China’s economic output now that the dominance of traditional industries is fading.
While it is still too early to extrapolate, if all of China’s data is “overcooked” by 20%, assuming the country’s debt statistics are reliable, it would mean that instead of 300% as per the IIF’s latest estimate, China’s real debt/GDP is roughly 375%, and fast approaching the world record holder, Japan, which remains untouchable at 400%. The implications for the global economy and capital markets – once a bubble of this magnitude bursts – hardly need elaboration.
Zac Petkanas, Democrat National Committee Senior Adviser, appeared on Tucker Carlson’s TV show to explain the DNC position that a persons gender is what they say it is. The argument is fraugh…
Source: Tucker Carlson -VS- DNC Senior Adviser “I’m Every Woman Argument”…
Marine Le Pen has refused to wear a headscarf at a meeting with a Grand Mufti in Lebanon. The incident is likely to be well received by their electorate in France. Ms Le Pen in the first round of voting in France’s Presidential elections in April, is expected to top the polls. When she was offered a scarf to wear to a scheduled meeting with the Sunni religious leader, the Grand Mufti Sheikh Abdul Latif Derian, she declined. “You can pass on my respects to the grand mufti, but I will not cover myself up,” she said. Le Pen has adopted the same approach as Donald Trump making her slogan – France First.
Meanwhile, the cultural differences of the refugees in Europe has been creating a firestorm. There has been a lot reported about 2000 refugees who raped 12000 European girls, which is not pedophilia as took place in Cologne, Germany, on New Year’s Eve 2016.
Now a video that has gone viral from Italy, showing a refugee washing his ass at a public fountain intermittently drinking while he wipes with the same hand.
And politicians wonder why people like Le Pen are soaring in polls? The politicians call this movement, which included Donald Trump, a “populace” movement that is beneath them, composed of stupid people who just do not know better as they do.
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!
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