Theresa May Brexit Deal Resoundingly Rejected by U.K. Parliament….


The British Parliament resoundingly rejected the proposed Brexit deal put forth by Prime Minister Theresa May earlier today.  Government officials on both sides of the contentious economic argument, globalists and nationalists, found little to support in May’s insufferable attempt to split the baby.  The vote was 432-Nay, and 202-Yea.

(Via Fox News) British lawmakers on Tuesday rejected Prime Minister Theresa May’s proposed deal to exit the European Union by a resounding 432-202 vote, dealing a major setback to negotiations just 10 weeks before the United Kingdom is set to withdraw from the international body.

The vote leaves the country with no clear plan to implement Brexit and raises questions about May’s future as prime minister. The rejection was widely expected and dealt the British government its biggest defeat in the House of Commons in more than a century.

[…] The deal was doomed by deep opposition from both sides of the divide over U.K.’s place in the bloc. Pro-Brexit lawmakers say the deal will leave Britain bound indefinitely to EU rules, while pro-EU politicians favor an even closer economic relationship with Europe.

The government and opposition parties ordered lawmakers to cancel all other plans to be on hand for the crucial vote. Labour legislator Tulip Siddiq delayed the scheduled cesarean birth of her son so she could attend, arriving in a wheelchair.

As lawmakers debated in the House of Commons chamber, outside there was a cacophony of chants, drums and music from rival bands of pro-EU and pro-Brexit protesters. One group waved blue-and-yellow EU flags, the other brandished “Leave Means Leave” placards. (read more)

 

The 1943 Copper Penny a Flop? Or just Over Hype by Heritage Auctions?


QUESTION: I read that the Heritage auction of the penny they said would bring $1.7 million was a flop. Any indication as to why? Or is it just the firm trying to pawn something for big bucks?

HK

ANSWER: I have no idea why Heritage would have claimed the coin would bring $1.7 million. It is not that rare. There are about 40 to 45 known 1943 copper cents from the Philadelphia Mint. The general assumption is that they were struck by accident when there were some copper blank planchets still remaining in the press hopper when production began on the new steel pennies.

Now as far as sales go, there was a 1943 copper cent which was first offered for sale back in 1958, which sold for more than $40,000, or so it was claimed. Subsequently, there was one sold for only $10,000 at an ANA convention in 1981. The highest amount ever paid for this error previously was $82,500 back in 1996.

There was only one copper 1943 penny known from the Denver Mint which did sell they claim for $1.7 million by Legend Numismatics of Lincroft, New Jersey. I would not guarantee that price personally. US coins tend to get really hyped. This unique coin, not publicly known to exist until 1979, was certified PCGS MS64BN. If Heritage was claiming their penny should bring $1.7 million which was from the far more common hoard of Philadelphia, I really question such expertise. The Heritage example sold for only $204,000, which is a modest advance over the last sale of $82,500 back in 1996.

The culture in American coins is strikingly different. American collectors seem to prize errors. A brockage is an error coin where one side is normal, but the other side instead of the reverse displays the obverse again, but incuse or in a negative mirror-like form. Brockage errors are caused when an already minted coin sticks to the coin die and impresses onto another blank pressing a mirror image of the other coin into the blank.

Brockage errors coins are rare. However, they do not bring significant premiums. A nice Augustus(27BC-14AD) denarius may bring $1,000+ whereas the Brokage will bring about $500 as illustrated above. Here is an extremely rare official Roman die of Emperor Tiberius (14-37AD) with precisely this problem of a silver denarius stuck to the reverse die.

This die of Tiberius is UNIQUE and was discarded because of the brokage error coins it would have produced which would have appeared like the Augustus denarius illustrated above. There are only about 12 official Roman dies that have survived.

Here is Another genuine Roman die of an extremely rare Emperor Gordian I (238AD) who reigned for only 21 days. Obviously, this die was discarded because he did not last in office very long.

There is a completely different culture outside of American coins. Such an error would never bring such premiums. In ancient coins, the premiums attained are for high quality.

The Coming Launch of Socrates


QUESTION: Marty,
Back in 2015 when they closed the Chicago MERC after 167 years, you did a piece about how flashing screens do not provide the same “feel” as tape watching and floor trading. You also mentioned in that piece that “after Socrates, you will recreate something you always wanted to do” in relation to bringing “feel” back into trading.
My question is; given all the directions you are being pulled- is this still something you aspire to undertake?
I grew up tape watching, and despise blinking screens…it’s a lost art and would welcome anything you might undertake in this area.
Rw

ANSWER: Absolutely. We are getting ready for the first launch very soon. The intention is to expand the system to intraday. We are in negotiations with a data-provider to make the system live intraday with reversals and timing on an hourly basis. Trust me. It has been this initial launch that has been delayed by banks changing rules causing us to have to re-write the payment systems three times. Then we have completely different rules for outside North America so it required then setting up another whole new payment system. Then we have been having to set up yet a third for China. This has all been driven by this Hunt for Taxes.

It will be that intraday version that will be sound. Also in Phase-Two of our launch, we will be looking at providing a download version that will link back into our system so you can just talk to it and it will answer. We just cannot do that level of sophistication over the internet.

Germany Slips into Recession Following the Economic Confidence Model


COMMENT: Mr. Armstrong; Your ECM has been amazingly accurate. Not only did real estate peak, but it is now official, Germany is in a recession.

Great job

HW

REPLY: There is an accurate business cycle that unfolds but you must step back and observe it from a global perspective. The Economic Confidence Model has a long track record.  The numbers are shocking. For 8 out of 12 months in 2018, German production has declined. On average, manufacturing declined 4.1% in November and energy production decline 3.1% in November. Even new construction has declined 1.7%.

May EU Elections Promising to be Major Issue


Two more politicians in France have abandoned Macron and joined the right party of LePen ahead of the May European elections. Our sources in France are clearly revealing that the Yellow Vest movement has had a profound impact on politics. Macron’s promises to raise taxes on the rich are falling short because that just never seems to result in lower taxes for anyone else.

Our models are shaping up to show May as the major turning point here in 2019. This will have a profound impact on European share markets as well as the currency. Meanwhile, the EU is really at war with Poland and its policies have been outright deliberately intent on punishing Poland. This is leading to the development of a new coalition causing Ital and Poland to join together against Brussels to form their own anti-EU league.

Yellow Vest Movement Spreads to Australia & Poland


We are witnessing the Yellow Vest Movement now also spreading to Australia. We are seeing the rise there and in Canada also against Fake News that the media is desperately fighting Trump on who now label him an idiot in headlines. We are also witnessing a backlash against taking in the Muslim claimed refugees from Syria in Australia as well. It is not a matter of race, but culture. People who traveled to Paris from the USA this summer have often returned with horror stories of being robbed on the street, cell phones, jewelry, purses being stolen by people on motorcycles. Muslim women begging on every corner of the Champs-Élysées. The culture clash is the problem. These people cannot speak the language and lack skills for employment for the most part. Immigrants historically seek economic opportunity – not handouts. Last November, Merkel was offering cash to the refugees to leave Germany it was getting that bad. Now she is willing to pay one year’s rent back home to leave Germany.

The Green groups that have taken over the UN are frantic fearing that they want to avoid the violent clashes that have rocked France from becoming a “je suis Trump” (I’m Trump) moment for against climate change. It was the higher global warming fuel taxes and other environmental efforts that sparked the “yellow-vests” protests that have forced Pres­ident Emmanuel Macron into ­retreat. In Canada, the Yellow Vests are also growing over environmental sanctions that block pipelines and creating employment in the energy industry which is also lurking behind a growing separatist movement in Alberta. The Yellow Vest Movement has hit Poland for all the same reasons. In Egypt, the government has restricted the sale of yellow vests in hope of preventing the spread of the movement there as well. This is turning into a clash against the Global Warming Crowd. The environmentalists now fear that the Yellow Vest movement will engulf all of Europe as their agenda has been to raise taxes and lower the standard of living in addition to the birth rate.

 

Macron Under Siege as Tough Stance Against ‘yellow vests’ Backfires…


Some of the highlights from today’s protests in France are quite remarkable.  Additionally, it seems indicative of an inflection point for Reuters to point out that Macron’s current approach toward the Yellow Vests is only making things worse….  Strange times.

PARIS (Reuters) – Emmanuel Macron intended to start the new year on the offensive against the ‘yellow vest’ protesters. Instead, the French president is reeling from more violent street demonstrations.

What began as a grassroots rebellion against diesel taxes and the high cost of living has morphed into something more perilous for Macron – an assault on his presidency and French institutions.

The anti-government protesters on Saturday used a forklift truck to force their way into a government ministry compound, torched cars near the Champs Elysees and in one violent skirmish on a bridge over the Seine punched and kicked riot police officers to the ground.  (read more)

A Twitter user named Sotiri Dimpinoudis follows the granular events throughout France and posts ongoing video to his twitter account.   Some of the video is quite remarkable.

Generally the protests seem loosely organized, but nationwide around 50,000 to 80,000 people today according to Reuters. The protests are generally peaceful; then, later in the day, the police arrive to remove them and things turn confrontational and violent.

By the time dusk arrives most of the ordinary Yellow Vest protesters have returned home; and that’s when it seems like smaller agitating groups start burning things.

Sotiri Dimpinoudis@sotiridi

: Up to 100 protestors marching in in seeing closing an highway!

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: Picture of First protestors arriving in the French town of to go and prrotest in . pic.twitter.com/pHxjokDcEe

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Sotiri Dimpinoudis@sotiridi

: Already up to 800 to 900 protestors are gathering in in .

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Sotiri Dimpinoudis@sotiridi

: Around 80 protestors are in the very small town of in to protest today.

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Sotiri Dimpinoudis@sotiridi

: Pictures of Hundreds of in the French town of at the the “theatre square” ahead of todays protests in ! pic.twitter.com/dV5bddwltS

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Sotiri Dimpinoudis@sotiridi

: Video Up to 120 protestors in in closed the highway!

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Sotiri Dimpinoudis@sotiridi

: Pictures Already up to 1700 to 2000 protestors are in in . pic.twitter.com/z1yw0GhN0J

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Sotiri Dimpinoudis@sotiridi

: Video of thousands of protestors in in marching.

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Sotiri Dimpinoudis@sotiridi

: Another Video of thousands of protestors in in marching. pic.twitter.com/oCQCmWs63K

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Sotiri Dimpinoudis@sotiridi

: Video of in on the are taking the protests up on to the streets .

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Sotiri Dimpinoudis@sotiridi

: Video of up to 2000 of in the French town of marching peaceful ! pic.twitter.com/taKVGkwzlD

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Sotiri Dimpinoudis@sotiridi

: Pictures of About 250 of protestors show up in
in !

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Sotiri Dimpinoudis@sotiridi

: Video around 1100 to 1800 of are now in accross on the ground according to local news sources in . pic.twitter.com/S1sGHf234m

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Sotiri Dimpinoudis@sotiridi

: The Protestors are Claching with the police in in of protests. The first tear gas has been thrown.

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Sotiri Dimpinoudis@sotiridi

: The women of the protestors in have made a food stop booth in ! pic.twitter.com/O6HHUZr6zm

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Sotiri Dimpinoudis@sotiridi

: Thousands are gathering in the City of in , Match day is also over! protestors marching.

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: Pictures Of thousands of protestors in streets are packed . pic.twitter.com/tdfB6pQWuX

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Sotiri Dimpinoudis@sotiridi

: Pictures Of thousands of protestors in streets are packed .

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Sotiri Dimpinoudis@sotiridi

: Video of the Streets in are packed full of protestors in the French Capital of , This is a huge protest… pic.twitter.com/jq67QGroRG

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Sotiri Dimpinoudis@sotiridi

: The protests in are already up to 8000 to 10000 stong!

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Sotiri Dimpinoudis@sotiridi

: He is going viral! They are calling him the flying RAMBO and un afraid of the CRS police in ! That is one though protestor. pic.twitter.com/dtni0gyNNi

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The Rebellion Continues – Increased Yellow Vest Protests in France Following Arrest of Key Organizer – Government Spokesman Evacuated by Police…


Last Wednesday night the arrest of a key political organizer of the Yellow Vest protests, a 33-year-old truck driver named Eric Drouet, spurred the movement to claim French President Macron was now arresting his political opponents. The arrest of Drouet has led to an increase in retaliation by the group against the French government. [Video from today]

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Yellow Vest demonstrators are now allied with various groups from across the political spectrum; most peaceful, but some, notsomuch.  This led to French government ministry official Benjamin Griveaux warning Emmanuel Macron yesterday that a “full blown revolution” was possible.

The evidence to support Minister Briveaux’s dire warning did not take long to surface as a team of masked intruders used a forklift and broke into the French ministry causing police and special forces to evacuate him to safety.

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Bellingdog@Bellingdawg

Ingenious Free French Army use a fork lift battering ram to break through the doors of France’s Ministry of Finance and Economy.

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(Via Daily Mail) […] He said they were radicals ‘who seek insurrection and basically want to overthrow the government.’

Today there were around 3000 of them in Paris alone, with another 22,000 plus in other parts of France.

Teargas, water canon and baton charges were used by riot police on a so-called ‘Act VIII’ Day of Rage organised by the Yellow Vest movement.

It followed the arrest the 33-year-old Eric Drouet, one of the group’s most high-profile leaders, on Wednesday night.

Today, there was initial trouble around the River Seine, where police unleashed gas and flash balls at a crowd Yellow Vests, who are named after their high visibility road safety jackets.

All were attempting to march on the National Assembly, the French parliament, but were held back.

This led to fighting on the footbridges crossing the river, and then on the nearby Boulevard St Germain.

By nightfall, the disturbances had spilled over to other famous avenues, including the Champs Elysee. (read more)

 

Daily Mail Online

@MailOnline

France ablaze AGAIN as hundreds of Yellow Vests clash with police

Several hundred protestors gathered on the Champs Elysees in central Paris, where around 15 police wagons were also deployed. Marches were also underway in Rouen (pictured).

dailymail.co.uk

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CNN Breaking News

@cnnbrk

French authorities appeal for calm as spurts of unrest erupt across France in the latest gilet jaunes, or “yellow vest,” protests https://cnn.it/2Ra0EOJ 

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AFP news agency

@AFP

🇫🇷 anti-government protesters march during a rally in Nantes
@LoicVenanc for @AFPphoto

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AFP news agency

@AFP

VIDEO: protesters clash with riot police in Paris pic.twitter.com/ON18p0UY9m

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Not A Parody – British Army Recruitment Posters Reflect How Far the U.K. Has Fallen…


Former British Prime Minister Winston S Churchill famously said: “It is not enough that we do our best; sometimes we must do what is required.”  Perhaps, in an ironic way, that is exactly what the British Army are doing as they reveal an ad campaign to recruit the finest young men and women the U.K. has for military service:

This is not a parody; these recruitment posters are very real. The stereotypical traits of British Millennials are accepted as the standard and re-branded as strengths.

The indulgent trait of self-centeredness becomes “self-belief;” the generational obsession with phones and gadgets becomes “focus”; and those with a propensity for compulsive selfie-taking are now cast with internal “confidence.”

Yes, the British Army have officially accepted that a generation where everyone deserves a trophy is now the first line of national defense; and thus recruitment efforts need to be modified accordingly.

Despite my notation promising this is not a parody, I am quite sure there are reasonably grounded people reviewing this who would nevertheless believe this has to be a joke.

It’s not.

Swear.

This is very, very, disturbingly real. [See Daily Mail]  There’s even a highly produced set of broadcast commercials to support the recruitment campaign.

Great Britain has come a long way from Winston Churchill…

“Success is not final, failure is not fatal: it is the courage to continue that counts.”

— Winston S. Churchill

 

Yellow Vests Becoming World Wide Movement


The Yellow Vest Movement that began in France, is spreading. It appeared also in Belgium and it spread to Canada as well. The French arrested the leaders of the Yellow Vest Movement calling them an anti-government charging them for organizing an unauthorized protest, as authorities adopt a tougher approach to try to curb the demonstrations. During the weekend of December 15th, mimicking the Yellow Vest movement in France, protests have formed all over Canada. These are peaceful protests, unlike in France, but they have continued every weekend in various cities such as Toronto, Halifax, Edmonton, Saskatoon, Calgary etc, especially in Alberta and Saskatchewan.

Alberta has long been known as the oil province of Canada and is highly commodity driven. With NDP (New Democratic Party) preventing the expansion of the TransMountain Pipeline
from Alberta’s Edmonton to BC’s Burnaby after the project has already been approved by the federal government back in 2013, many people are unemployed. With oil in Western Canada
(Western Canadian Select) hitting $11.43 a barrel in November, companies simply cannot afford to stay in business. Combining this with the announcement that the price of vegetables
increased 4%-6% as of January 1st, it’s no wonder that many Canadians are frustrated.

This is also apparent as Calgary voted a resounding NO on a bid for hosting the 2026 Winter Olympics on November 13th. An estimate of $5.11 billion was announced with additional extra
costs which were never disclosed, people voted no to the increase the taxation in order to pay for it. The wrong event at the wrong time and people simply can’t afford to foot the bill.
Bottom line, too many taxes impact quality of life and no one will take to the streets when they are fat and happy.

What’s important here is that not only has Canada joined the Yellow Vest Movement, but it’s still going strong every weekend, Christmas, New Years, the protests against rising socialism
continue. Trudeau might have his work cut out for him before the next election in Canada in October 2019.