Asset v Money


QUESTION: Hi Martin, I am a long time reader and so appreciate your daily blogs, You have taught me so much about the global interconnectivity of markets and human nature of the “herd”.Thank you for your life dedication to the pursuit of Truth and justice. You are appreciated more than you know.

My question is that many other economists disagree with you, in particularly —– —-, who believes fervently that Gold is something that will wipe all of us small people out in the coming crash. Can you please explain to us small people who have nothing to hang onto but your words of wisdom and your life long experience of what we need to do as this all reveals itself, with the EU et al, and Debt servicing unwinding worldwide.

Thank you, so much Martin for all your knowledge and your life’s dedication to life, liberty, and justice. I hope to attend your next seminar for the first time ever. I am saving to attend as I like others cannot afford to be caught on the wrong side of what is unfolding and must learn from the ONLY person in the world I trust that is telling us the truth about what is unfolding and how we small people must protect ourselves.

I wish you the best in Health peace and happiness

A

ANSWER: I really do not see where such analysis comes from. If the stock market crash, gold crashes, and everything turns to dust, what goes up? Dollars?

The problem lies in the fact that they are all following Karl Marx. Not that they are communists or even socialists. Marx changed economics. He fought against Laissezfaire and won. It is like putting someone on the witness stand. You then ask the question: “So when was the last time did you beat your wife?” That now sets the agenda. You will respond swearing you never beat your wife and your wife will say no he never did. The cunning lawyer will tell the jury she is not to be believed because she would lie fearing she will only be beaten again.

This is what Marx did. He said government has the right and the power to control the economy to eliminate the Business Cycle. Every economic theory ever since including Keynesian Economics, has all continued down that path. Government is the 800 pound gorilla in the room. It can be omnipotent and rule the world.

I have produced a major report, which traces how gold responded through all sorts of events. Sometimes it has rallied, and other times it has failed. The underlying facts are important. During the Civil War, year gold rallied sharply into 1864. However, when the war was over, gold fell, but the stock market then took off big time.

I can find no instance in history where the combination of events of the stock market and gold crashing within everything turning to dust ever existed for a brief time, but that is when cash rises in value and you get deflation – money up assets down. But given the Sovereign Debt Crisis we face, I really see nothing like that on the horizon.

This will be put online next week. It was included in the Hong Kong Conference.

Cyber attacks & the Vulnerability of a Cashless Society


QUESTION: Cyberattacks vs. Cash elimination – an argument against eliminating cash. Hello Mr. Armstrong, it is quite apparent that no government, no financial institution, Anti-virus software developer, or either ‘whatever’ is is really capable to stop cyberattacks. Now these people want to eliminate cash, make larger cash amounts illegal. So theoretically these cyber attackers could/ maybe will, eventually just stop the whole economy. Nobody may even be able to buy food. So instead of eliminating cash, should it not be policy people carry at least a month’s worth of expenses in cash? Your reply should be quite interesting to us, your readership!

Best,

AP

ANSWER: The WannaCry ransom attack is actually variant from a February 2015 sample attributed to the Lazarus Group, a Kaspersky-tracked actor tied to the North Korean government. Parts of the code go beyond shared code. It appears to be written by the same programmer.

Let’s get something straight here. At the core of those responsible is really the NSA and Microsoft itself. The attack exploited a Windows networking protocol to spread within networks, and while Microsoft released a patch nearly two months ago, it’s become very clear that patch didn’t reach all users particularly because institutions often do not install patches fearing that proprietary software may not function.

If behind the curtain we have government demanding back-doors into iPhones and computer so they can listen to everything everywhere, well guess what – so can everyone else. Patches will work for individual users, but not major institutions. Trying to upgrade their operations is a real effort. They are slow to act and thus vulnerable.

The NSA was well aware of this little trick. The real answer is the NSA and FBI must do investigation the old fashion way. Stop asking for secret back-doors that never remain secret very long. The entire world will become vulnerable and they use to counterfeit an adversary’s currency to undermine their economy. Today, if we keep this nonsense up, they will hack into the entire thing and shut it down.

The idea of moving to a cashless society is just insane. Somebody has to give up something here. Trust me – the intelligence community will not take responsibility.

Gold & Euro & Dollar


QUESTION: Marty; You said gold was still vulnerable in dollars but that the low was probably in place in Euros. I have been trying to reconcile that statement in my mind. The only way that happens is a real crisis in Europe and a strong dollar. Correct? It seems really naive that people get bullish on a few weeks of price movement and predict the next 10 years. The dollar first is week with Trump and bullish euro for Macron? Right?

Thank you for a lone voice in the wilderness of analysis.

OT

ANSWER: Yes. Just compare the two chart patterns. Notice that gold in euros bottomed back in December 2013 compared to December 2015 in dollars. The numbers will not come down unless gold makes a new low in dollars. Then the breakout will drop from the 1362 level. Just looking at gold in euros exposes the real trend.

The fools keep saying see the euro rallies and the dollar declines so I have to be wrong. The European Central Bank is the one at risk of collapsing. Draghi bought 40% of all Eurozone debt. He raises interest rates at his own balance sheet takes the hit. This fool is really in trouble and then you have Germany turning against the Draghi. Neither the Fed nor the Bank of Japan are in such a dangerous position.

The perpetual dollar bears cannot see the light. Just how is the world economy going to crack with a lower dollar? They look at the dollar as if it is a SHARE PRICE up is bullish and down is bearish for America. Currency is the opposite of share prices. The higher the currency, the greater the deflation and the lower the economic growth. They never heard of “competitive devaluations” or currency wars. Every crisis has come with a rising dollar. The solution was a dollar devaluation as Roosevelt did in 1934. They look at everything backwards and that’s why the lose a fortune consistently buying highs.

Here is the CAC40 of France. The high in the French stock market is 1999. Yet everyone is cheering as if the US is down and Europe is the new wonderland?

Compare the German stock market in euros and in dollars. It has finally made new international highs only in 2015. We have to look at everything from a global perspective. The new highs in the Dax in international terms is ONLY because of the decline in the euro. With the bounce in the euro, the Dax will rally in euros, but only to a point.

A spike up in the dollar can be achieved from political chaos, but also geopolitical. Only a rise in the dollar will break the system and end the dollar as the reserve currency. The debt crisis we face is building and with higher interest rates, then there will be the risk for major loses overseas and capital will contract once again. It was the US capital outflows that rebuilt the world. A lower dollar encourages overseas investment. A higher dollar causes a contraction.

Only a total idiot forecasts the long-term by one month worth of price action. We need these fools to make the trends. Somebody has to buy the high and sell the low. This entire political-geopolitical mess us starting to bubble up. Why are two Republicans, McCain and Graham, acting as Trump’s worst enemy trying to destroy the Republican Agenda? They are being paid by their lobbyists to protect the corrupt establishment. They are against their own Party and should just join Hillary on vacation. Oh that’s right. They have the same backers. Graham’s number one contributors are law firms really on behalf of their clients to hide the source of the money I believe.

Gold & the False Move


QUESTION: Dear Marty, could the current ongoing deleveraging in China cause Gold and Silver to fall beneath 1000$ (Silver under ?) or is this currently no big deal what`s going on in China? Keep up the good work!

Best regards,

B

ANSWER: There are so many fundamentals out there is hard to predict which one causes what. Combined, they are all a nightmare. What is essential, is if we are going to really rocket up in a major phase transition, you MUST always have the false move first. These are just minor swings creating the false move which is always counter to the ultimate trend. To swing down under the December 2015 low will cause people to capitulate and then you will make a run and swing out to new highs.

With the stock market crash into 2009, this was the PERFECT storm, which was a FALSE MOVE. Even Barrons as last of 2011 ran a story saying tongue in cheek how I was forecasting new highs. They thought it was a joke. That’s because these people have never been traders or students of the market. The chart patterns are always the same regardless of the instrument because you are plotting human emotion – not really that instrument.

The most powerful move up for gold requires a false move of a slingshot proportion.

Mutual Funds versus ETF’S


 

People are waking-up to the fact that they can substitute the expensive Asset Manager fees by doing it themselves. There are many ways but here we distinguish between Mutual Funds (MT) and ETF’s (Exchange Traded Funds). When buying into a MF it is via a company such as Blackrock, Vanguard, State Street etc. and they either execute the trade themselves or via a brokerage company. You are then part of a pool of money that tracks the underlying performance of the asset class. You are priced at the net asset value of the fund at the close of business that day. There is a bid/offer spread to the fund and typically a holding period with penalty for early redemption. ETF’s on the other hand are similar to a single name stock/Index/Municipal Bond etc. are traded directly on the exchange but bears no holding period. ETF’s attempt to track the net asset value of the underlying and are typically following an index; such at the S+P. One key difference is the cost – ETF’s are usually a lot cheaper to trade but on the other hand can be considerably riskier.

The growth of this type of self-investing has been huge. At the end of 2016 it is estimated the global ETF market was around $2,775bn (ICI data) with over 1,700 ETF listed. There are also rumoured to be around 79,000 Mutual Funds in the world, with just 7,900 in the Sates. However, much of the market size is dominated with in the US accounting for over 60% of the entire market value.

Growth rate into MF and ETF’s has only just stalled (in the US) but that could be because the US has such a dominant role and if considering the level of the overall stock market. Assets roughly stand around $16trn having been rising by over 12% pa since 1965 (according to Investment Company Institute). Although we are seeing a levelling-off in the US market we continue to see growth for less developed market and especially in Asia. The growth in India, for example, it is reported that Asset Management Companies grew AUM by 30% (reported by Value Research) over the past 18 months.

There could be several factors influencing recent trends. The mainstream players are facing a contracting market. This could be due to the absolute level (contract highs) and competition on fees. Clients are also becoming more financially aware, millennials are more socially astute with technology playing a huge role but also local emerging market players have started to reclaim their markets. This could be one of the reasons why GIC (Singapore sovereign wealth fund) is offering 2.4% stake in UBS; because of the increased competition from local funds in their own domestic market. UBS currently plays a dominant role within Asia for wealth management so it should not be a surprise that local companies are making a play to regain lost territory.

Stock Market Crash?


The correction has begun with the uneasiness of the two political scandals surrounding Trump – Russian meeting and now a Comey memo saying Trump asked him to kill the investigation into Flyn. The first is not really an issue legally, but the second could fuel the quest to impeach Trump which is really led by McCain and Graham behind the curtain in league with Schumer. McCain is already calling this a Watergate demonstrating he is out to get rid of Trump and protect the establishment.

The impeachment of Trump is being talked about behind the curtain as a positive move for then Pence would take up the Presidency and then the tax reforms would become possible. That is an interesting twist on things.

We are showing choppiness for three months and big volatility its in August. The likelihood of getting any tax reform now before the August Congress holiday is fading very fast. This is taking the icing off of the Trump rally. Forget the infrastructure expenditures for that is matching funds and states will just raise taxes for that one which is detrimental not bullish other than from the companies who will overcharge government fix stuff.

The Daily Bearish Reversals in the Cash S&P500 lie at 237900 and 234450. A Weekly closing below 233500 will tend to warn a serious correction becomes possible.

The fact that the Dow has been unable to make new highs and the Global Market Watched on the monthly level labeled April when it closed for the month as IMPORTANT HIGH. Our Capital Flow Models models are showing that there has been some European selling of equities, which is the reason the Dow has not followed the S&P500 or the NASDAQ. There has been a flight to quality moving into the US Treasuries, but also the hot money has been selling the dollar after the French election. Here we still see a Weekly closing below 20000 will confirm a more serious correction. The Daily number remains at 20204.

The NASDAQ shows a daily closing below 610750 will signal that a temporary correction is possible.A Weekly closing below 580500 will confirm a serious correction is possible.

The Global Market Watch classified the April high in the Dow as a Possible Important High. That should not be ignored. If May closes lower than April at month-end on these three indexes, that will confirm the correction. We do see the possibility for the correction to extend into 2018 from which a slingshot to the upside remains probably.

Report: Murdered DNC Staffer Seth Rich Was in Contact With Wikileaks…


Fox5 is reporting that a private investigator has turned up tangible evidence that murdered DNC staffer Seth Rich was in contact with Wikileaks.  Which further provides more evidence he was most likely the source of the DNC leaks.  The same report points out the FBI have been trying to cover-up the discoveries.

The motive for the leaks was obvious, the collusion within the DNC, specifically with the U.S. media, to eliminate Bernie Sanders as a potential risk to Clinton’s ambitions. If proven accurate this would also further prove “the Russians” had nothing to do with the DNC leaks.  That’s the basis for the entire “muh russian conspiracy” narrative.

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WASHINGTON DC – […] Rod Wheeler, a private investigator hired by the Rich family, suggests there is tangible evidence on Rich’s laptop that confirms he was communicating with WikiLeaks prior to his death.

Now, questions have been raised on why D.C. police, the lead agency on this murder investigation for the past ten months, have insisted this was a robbery gone bad when there appears to be no evidence to suggest that.

Wheeler, a former D.C. police homicide detective, is running a parallel investigation into Rich’s murder. Wheeler said he believes there is a cover-up and the police department has been told to back down from the investigation.

“The police department nor the FBI have been forthcoming,” said Wheeler. “They haven’t been cooperating at all. I believe that the answer to solving his death lies on that computer, which I believe is either at the police department or either at the FBI. I have been told both.”

When we asked Wheeler if his sources have told him there is information that links Rich to Wikileaks, he said, “Absolutely. Yeah. That’s confirmed.” (read more)

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If I Were the Devil by PAUL HARVEY


Do you remember the ABC radio commentator Paul Harvey?  Millions of Americans listened to his programs which were broadcast over 1,200 radio stations nationwide.

When you  listen to this amazing prediction, remember the commentary was broadcast 52 years ago on April 3, 1965.

Can a Federal Judge Hold You Til you Die in a Civil Case?


QUESTION: I read Zero Hedge on where a Federal Judge Declares Constitution Void, Threatens Civil Defendant With Death. These judges are really out of control. How can they keep someone in a civil case in prison until they die?

ANSWER: Because the Court of Appeals do absolutely NOTHING to defend the citizens in the country, we have judges who are drunk with their power. Appeal courts will NEVER chastise a judge. Very early in my case before there was any contempt, I met with three law firms that were representing me from – New York, New Jersey, and London. Right there in the meeting they were talking about how the receiver Alan Cohen was speaking ex parte with the judge and this is why we will cannot get a fair trial. I said file to recuse the judge! My lawyer at Tenzer Greenblat in New York immediately said – this firm will never file a recusal motion. If we did, our firm would be prejudiced by all the judges in New York. That is why I went pro se. It was clear that law firms have a self-interest and will not defend clients if it will hurt their firm. They sell you down the river destroying our constitutional system. My recommendation is NEVER hire a lawyer from the same town. Their business depends upon the judges in that town so they WILL NEVER defend you if it will harm their business. This only adds to the arrogance of judges.

Anyone who dares to support the justice system deserves to be in a personal lock-up. I met one of the claimed terrorists who had a box cutter on the train in Texas during the 911 incident. The government knew he was innocent so they put him of diesel therapy, which is when they move you to a new prison each day to prevent any lawyers or press from finding you and you cannot make any phone calls in transit. This kid was in the holding cell and inmates told him to ask me for help because I had legal training. He handed me papers they gave him to sign. He was starved. Tortured. You could see all his chest bones for he lost all fat appearing from some famine torn country yet in the care of the American Justice System. I read the the papers they handed him. They said he was waiving all rights to sue the US government in return for him being deported that night. The press knew he was innocent and lawyers were trying to find him as was his family. They wanted to cover it all up and get rid of him before he could tell anyone what they did to him.

The CNN reported after the fact: Ayub Ali Khan and Mohammed Jaweed Azmath were caught in a wave of detentions that began in the days after the September 11 hijackings of four U.S. airliners. “We have not found any ties to 9-11, and it doesn’t look like we’ll be able to do so in the future,” said one source. 

The two men took a flight that day from Newark, New Jersey, which was grounded in St. Louis, Missouri, when the Federal Aviation Administration imposed a nationwide “ground-stop.” Traveling together, the two then boarded a train for San Antonio, Texas.

Police arrested them in Texas during what was called a routine drug sweep of the train.

Authorities say the men were carrying box cutters similar to ones used by the hijackers, $5,600 in cash and hair dye. During a strip search, investigators discovered both men had shaved all their body hair — just as the hijackers had been instructed to do in a so-called “mission manual” left behind by the 19 suspected hijackers.

People often express condolence for what I went through. I was also given the strength to stand unbroken and defy them eye to eye. So in that respect, what I learned and observed from the inside of how these people really treat human beings is an experience that has been absorbed into my character. We learn and progress through life. I survived even their attempt to kill me. I speak out because I can and because that is what they tried to stop. These people are the ultimate definition of evil.

In my case, to stop me from going to trial and to look at all my defense papers, they threw me into solitary confinement, took all my legal papers, told me if I wanted to go to trial it would be with absolutely nothing. After reviewing my defense, they came and admitted they did not want to go to trial. They knew I would call all the bankers to the stand and I have a very good memory. You can take my research, but that does not erase it from my mind. I would interrogate them and expose every manipulation in a public forum and their greatest fear was (1) I knew the financial system, and (2) I knew the law. That was a deadly combination they could not overcome if they wanted to protect the bankers.

The compromise was finally they wrote the script I was to read as any hostage held by some terrorist. Constitutionally, if you plead you are supposed to do it in your own words and the judge is supposed to make sure it is not coerced. This was completely illegal, but nobody does anything.

I refused to plead to any pretend conspiracy so the compromise was I failed to tell my clients the bank stole the money when I learned on Friday and went to my lawyers Monday morning. They said I should have told all institutions over the weekend the bank stole the money even if I was not 100% sure of the outcome and they might return it.

I had resolved myself that I would simply die in prison indefinitely. You come to peace with that decision and look forward to not waking up one day. You are in the hands of the most ruthless judicial system in the world, which has no checks and balances whatsoever. It is like you are in some B-Movie of some corrupt Banana Republic – but you are in the United States. I self-surrendered because I thought it would show you are willing to stand trial. Then my lawyer Richard Altman tells me, you should have fled to Britain and then you would get an extradition hearing. The US government would have to actually put on a case to show evidence that if committed something.

The government tried to kill me after the plea but before sentencing. They left one inmate’s door unlocked as they did mine. I was taken to the hospital in a coma for a few days, but survived to their dismay. I have no compassion for anyone who works in the Justice Department and would never hire a lawyer who ever worked for the government. There is nothing these people will not do to win. You have zero rights and they will kill you and go celebrate at dinner afterwards. You cannot possibly image the type of people who gravitate to these positions. I believe they are the kids who tortures cats and dogs for fun

Macron Hacked – But it Looks Like Anti-Establishment Anti-Soros Movement


Emmanuel Macron and his staff were the target of a major co-ordinated computer hack on Friday night with only 48 hours before the election. This is similar to the cyberattacks that hit the Democratic Party during Hillary Clinton’s presidential campaign last year. Macron’s campaign announced Friday that tens of thousands of its internal emails and documents were leaked to the public via a file-sharing website Pastebin. The government has ordered that the French media is not aloud to publish the content of any messages to make sure the truth remains hidden. Mainstream media is following suit even outside of France. Some nine gigabytes of data were posted by a user called EMLEAKS to Pastebin, a document-sharing site that allows anonymous posting.  They posted: (see below)

The similarity with the DNC hack raises the question if this is part of a collapse in government confidence because the targets in the Clinton and Macron incidents were clearly against”establishment” and anti-democratic forces. The DNC and Macron supporters clearly have one thing is common – maintain the status quo and no real change to government.

It was on June 14, 2016, when Crowdstrike published a study commissioned by the DNC, in which they accused the Russian government of breaching the DNC’s computer systems. They have a debatable track record and I would not take them seriously. In fact, I highly question any real ability to trace a professional hack. When we were being attempted to hack into our systems back in 1999, we traced it to Langley, Va, but to do so it had to be live. Trying to trace who was trying to get in after the fact was pointless, and all we could do was trace it to a location. After the fact, it is impossible to trace for one can relay the origin around the world.

Of course everyone is again blaming Russia. This is raising a much more deeper issue. Is this really part of the rising civil unrest and not Russia? It’s not like there is no anti-establishment/anti-Soros movement. The politicians call it “populism” but that is what they all call any anti-government movement whenever government becomes too correct. Here is a cartoon from 1896 showing William Jennings Bryan as the Populist Presidential Candidate of the Democratic Party.

Putin himself has come out publicly in support of maintaining the EU. Everyone blames Russia and even claimed Putin supported BREXIT, Newsweek reported: “If you search Putin’s speeches or official statements since the official announcement of the British referendum in February 2016, you won’t find any mention of it.” Indeed, there is no indication that Putin wants to see the EU break apart either. A search of his comments produces the opposite result, which tends to make sense. There is no advantage to having the EU fall apart to Russia, but it may actually present greater risks.

It is popular to blame Russia for everything. That was an Obama strategy to deflect criticism about the content of the leaks from the DNC. The press has been touting Putin conspired with Trump to beat Hillary. The top Democratic member of the Senate Intelligence Committee,California Sen. Dianne Feinstein, says she has yet to see any evidence of collusion between Donald Trump advisers and the Russian government. Nevertheless, all the mainstream media continue to imply Putin and Trump conspired yet they never discuss the contents of the Podesta emails revealing how corrupt the DNC really was.

Macron is coming out and claiming there are fake documents being released. This seems to be a desperate measure and he hopes he will win so he does not have to verify anything he says. How can someone read 9 gigs of data in less than 30 minutes to claim they include some fakes? But there is something deeply wrong here. It seems doubtful that any documents incriminating Macron are fake. None were fake in the Podesta email hack. So if this is a common source being Russia, then why fake documents with Macron but not Podesta?

The hack is real and the incriminating evidence shows the same disdain for the French people as the Democrats had for the American people. What they reveal is clearly the conspiracy of the “establishment” to sell out the French people just as the Democrats did in 2016.

Macedonia 3-26-2017

The source of the hack is more of an anti-establishment anti-Soros movement that is building globally. Many people see this as a war against Soros and his attempt to recreate the world in his own vision. I have warned that I too oppose Soros, and I believe he is trying to fund civil unrest on a global scale.

Soros is allegedly behind funding civil unrest in Poland and Hungary and countless other places including the United States. Perhaps with hindsight we will see that Soros is trying to take over France.

 


Torrent Files

1)https://archive.org/download/Pierrpersongmail.com.7z/Pierrpersongmail.com.7z_archive.torrent
2)https://archive.org/download/langannerch/langannerch_archive.torrent
3)https://archive.org/download/quentin.lafay/quentin.lafay_archive.torrent
4)https://archive.org/download/Cedric.oen-marche.fr/Cedric.oen-marche.fr_archive.torrent
5)https://archive.org/download/Alaintourretgmail.com/Alaintourretgmail.com_archive.torrent
6)https://archive.org/download/Box_pierrpersongmail.com/Box_pierrpersongmail.com_archive.torrent
7)https://archive.org/download/xls_cedric/xls_cedric_archive.torrent
8)https://archive.org/download/Macron_201705/Macron_201705_archive.torrent

Zip/RAR Files

1)https://archive.org/download/Pierrpersongmail.com.7z/pierrperson@gmail.com.7z
2)https://archive.org/download/langannerch/langannerch.rar
3)https://archive.org/download/quentin.lafay/quentin.lafay.rar
4)https://archive.org/download/Cedric.oen-marche.fr/cedric.o@en-marche.fr.rar
5)https://archive.org/compress/Alaintourretgmail.com/formats=RAR&file=/Alaintourretgmail.com.zip
6)https://archive.org/download/Box_pierrpersongmail.com/box_pierrperson@gmail.com.rar
7)https://archive.org/download/xls_cedric/xls_cedric.rar
8)https://archive.org/compress/Macron_201705/formats=RAR&file=/Macron_201705.zip
Two smaller files with no ZIP/RAR

1)https://archive.org/download/Pierrpersongmail.com_drive.part2/Pierrpersongmail.com_drive.part2_archive.torrent
2)https://archive.org/download/Pierrpersongmail.com_drive.part1/Pierrpersongmail.com_drive.part1_archive.torrent