Whatever the United States and United Nations can do to isolate Russia they seem to be doing without any regard for the consequences. Saudi Arabia retained its seat on the UN Human Rights Council while Russia was kicked off and Croatia replaced them. When it comes to human rights, one must ask, who made this judgement? All they seem to be doing is trying desperately to isolate Russia and to provoke war instead of peace.
Candidate Donald Trump’s closing ad:
Source: Donald Trump Ad: Our United Movement Will Save America…
Epic TV. During an interview about North Carolina voting on Fox TV, a local pundit was explaining how voting for Evan McMullin was futile because it doesn’t count. As soon as this aspect was…
Source: Brit Hume Fumes …When NC Vote Futility for Evan McMullin is Exposed on Air…
The drums of war are beating loudly, not good!
Screw the people only works so many times and then thing can go very very bad!
We are getting reports that President Recep Tayyip Erdogan has shut down WhatsApp which was used to coordinate the coup. This time the rumor is that HDP-Pro Kurdish parliament members have been taken into custody last night in Turkey. Erdogan has shut down all social media especially WhatsApp. It appears that he is now trying to suppress the rise of the Kurds against his rule. He has also been making comments that the many Greek Islands use to be Turkey and were taken away handed to Greece after World War I when they carved up the Ottoman Empire.
Erdogan has sold off US Treasuries and this is what you do when you are switching sides ahead of war. We are FOOLS to say the least. There are NATO nukes in Turkey. There is a real danger Erdogan will seize them. He can lay down a red carpet for Russia to march straight into Syria without having to send ships. We better start paying attention to Erdogan. He is establishing himself as a dictator, not an election official.
The British court ruled that Parliament, not the “people” must vote on BREXIT. If Parliament overrules the people, we are looking at massive civil unrest in Britain as well. The whole world is just going nuts and what the people vote may mean absolutely NOTHING. So much for Democracy.
Our forecast for this Crisis was first made back in 1987. This is the sad fate of how government die. Once they go against their own people, they cease to be valid governments and cross that threshold into the land of authoritarianism. This is the REAL DANGER we face. The extinction of democratic forms of even pretense in the West and this will be the driving force for capital to migrate eventually to Asia forging a new Financial Capital of the World.
We have to understand that fundamentals mean nothing. How many time have we seen a market decline with good news and the explanation is flipped to say it was no “good enough”. Markets are driven by BELIEF, not fundamentals. The pound crash because those in the financial sector believed their own nonsense and sold. The Guardian reported after BREXIT “Economists at major City investment banks have cancelled forecasts of a Brexit-inspired recession amid fresh data showing the economy performing more robustly than expected. … Goldman Sachs, Morgan Stanley and Credit Suisse are among the major banks that have now withdrawn earlier predictions that Britain is likely to enter recession.”
The markets will decline as Trump narrows the gap and a Trump victory will more-likely-than-not result in an initial drop, but November is a turning point so it may be a buying opportunity as the majority of the pundits get this one wrong as well.
Here are the charts and Array for the election. Note that the S&P500 has fallen technically harder than the Dow Jones Industrial Index. This is the reflection of capital flows. We still see foreign capital buying dips in the US blue chips, but domestically there is the fear-mongering about a Trump victory. We have back-to-back Directional Changes for the 7th and 8th. We should see a 3 day reaction following the election.
So grab your socks. We are off for a bit of volatility. Keep in mind Trump would be great for a domestic market rally. Cutting corporate taxes to 15% will bring home $3 trillion to say the least. The Reagan Tax Cuts resulted in the Dow rising 600%. Tax increases, have ALWAYS resulted in declines. That is the blunt reality that Washington fights.
Putin is more right than Obama, Hillary or Kerry along with the gaggle of women that support them! Its impossible for Trump to do worse than that cable of idiots.
We have fallen all the way to the bottom and they may not be a way back, I hope hope Trump gets to try but he is fighting the entire corporate government that we now have.
US politicians have long prided themselves that American politics is cleanest in the world and most certainly cleaner than the third world countries. American politicians never missed an opportunity to lecture third countries on corruption at political levels in those countries and how corruption at politicians’ level made doing business in third world countries so difficult.
But all this so-called clean image of the American politicians, and most importantly of the cabinet ministers, has got torn to shreds by the revelations relating to Hillary Clinton’s widespread corruption racket when she was Secretary of State, its nexus with the Clinton foundation and its subsequent suppression (of the racket) through collusion with government agencies and destruction of evidence.
As per the reports appearing in the American media, the Clintons apparently made themselves richer by more than $150 Million owing to the alleged corruption racket perpetrated by Hillary as Secretary of State…
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