CIA & FBI Still Stalling on JFK Documents – Why?


The CIA and FBI have had 50 years to go over these documents. Nevertheless, they waited to the last day to object. That tactic was deliberate to push Trump into a corner. He gave them six months to review. Many of the documents listed as “classified” are not even legible, raising more concerns that these have been deliberately altered to protect someone or something.

At this point, no matter what they release, still 60%+ of American will just not believe them. After 50 years to go by and claiming they are still a danger to “survivors” is an absolute joke. The files released also show intense defense by both the CIA and FBI to claim they had nothing to do with anything. That simply brings to mind Shakespeare. Hamlet then turns to his mother and asks her, “Madam, how like you this play?”, to which she replies “The lady doth protest too much, methinks.” Indeed, the CIA and FBI seem to protest too much asserting their innocence in this affair.

It is also clear from documents that the CIA questioned the official storyline of the assassination in the years followed. An unnamed CIA author noted in a 1975 memo that the agency, the FBI and the Warren Commission failed to investigate key clues into assassin Lee Harvey Oswald’s ties to Cuba.

Then we have FBI Director J. Edgar Hoover who in a memo dated Nov. 24, 1963, the same day that Oswald was killed by a questionable retribution of Jack Ruby, expressed concern that Oswald’s death would result in uncertainty among U.S. citizens over his guilt.

“The thing I am concerned about, and so is [Deputy Attorney General Nicholas] Katzenbach, is having something issued so that we can convince the public that Oswald is the real assassin,”

Hoover wrote.

At this point, there have been way too many delays and the only reason for that is to protect something or someone. If it were Oswald alone, then why hide documents?

Spain Demonstrates to the World Democracy Means Nothing


 

The Madrid government sacked Catalonia’s president and dismissed its parliament on Friday, hours after the region declared itself an independent nation in Spain’s gravest political crisis since the return of democracy four decades ago. The Spanish Prime Minister Mariano Rajoy, who seems to think he has the power of Franco, called for new elections and fired the Catalan police chief. The crisis in Spain is a reflection of the crisis in the EU as a whole. This unprecedented dictatorial array of measures to seize control of the administration in Barcelona is so undemocratic, it is guaranteed to send warning signals to many other regions of the EU especially Italy.

Gold Better in Euros than Dollars?


QUESTION: G’day guys.
Thanks for a great seminar in Hong Kong!
I’m reading through your 1 world currency report and find it very interesting, going back to primary school teachings about barter systems and some funny monetary acceptances that have been in place many years ago. Like 14.5 kg copper plates as a currency only back in the 1600’s in Sweden. Or 1-ton barrels of tobacco. Very interesting and tough to carry in your wallet.
The major teaching I received from the Hong Kong Seminar was to look at the currencies (something I’ve had plenty of lessons dealt over the years trying to trade) in regard to products and assets in the many different countries around the world.
My question now we are seeing bitcoins and possibly diamonds and other mediums we are not yet aware of yet replacing gold as a new vehicle to move cash or wealth into a better performing countries assets.
With the collapse about to occur in Europe and Britain included monetary wise. Instead of buying gold in relation to USD one should buy gold against the Euro’s or Pounds when the time is right?
Or has a gold lost its lustre today and the contagion to gold may not occur to the extremes that have occurred in the past?
Will Europe money tell the story? The smart money is moving to the DOW. Will it return to gold when the people lose their confidence?
Thanks for the interesting and new way of looking at the markets Marty. I’m doing better with Socrates though still a novice.
Take care and wish I was coming to the next conference. Hope it’s a beauty.
A

ANSWER: Gold has lost its movability aspect as they hunt money for taxes. Twenty years ago you could hop on a plane with a briefcase of gold with no problem. From that perspective, gold has lost its international portability. This is obviously why people are turning to diamonds, rare ancient coins, and the like – movable assets. We are even witnessing real estate starting to decline now in New York City. The high-end real estate market (not the low-end) was making new highs as big money was trying to get off the grid. Realtors were reporting to us that the major of such high-end deals were all for cash – no mortgages.

Gold would certainly be a better hedge against the Euro than the dollar. It has outperformed the dollar because you always have to look at the currency. However, money will NEVER shift from the stock market all into gold. Everyone has their pet investment in what they feel comfortable. Gold is a retail product – not institutional. The Institutions can trade ETFs, gold stocks etc., but they will never take possession of gold.

What we are facing in truth is a currency reset. That means that ALL tangible assets rise against the currency in whatever country we are talking about. The goldbugs always hate the dollar and many of them have turned away from gold and into cryptocurrencies.

You will always have people who will prefer stocks, others gold, and others real estate, That is just the way it is. To each their own.

Cars Sales Dropping as Taxes Rise


The demand for cars has been declining rapidly in Britain and that is impacting German car sales rather sharply. All price levels in cars have been declining, not just the high end. The sales figures for small cars and the medium class have already declined significantly in the last few months. Now the losses are also becoming apparent in the case of expensive brands, especially for the German car manufacturers.

As taxes have risen upon the average person and this hunt for more tax revenue unfolds globally, this is what creates the recession and deflation. It a strange paradox for many as they see deficit spending rise. Many have a hard time comprehending that if the money supply increases, how can there be deflation? It is always the bottom-line. If you keep raising taxes, you will reduce the standard of living, and that in turn comes back and results in lower economic activity.

The Way to the Future – Cryptos Move Over


The Maldives has introduced what may become the next innovation. Maldives Immigration has introduced a new type of ID card that replaces your credit card, passport, drivers license and healthcare insurance card all wrapped up in one. The next step will be to put this on a biochip and insert it into your skin so a thief would have to cut your arm off to steal it. Guess we are getting closer to the Minority Report. Hm

China Moving to Take the Lead in Technology


China is moving rapidly to advance and take the lead in technology from the United States and they will accomplish that in the years ahead. China is moving very fast on every front. China is moving faster on quantum communications and computing and they are embracing real Artificial Intelligence that is being ignored by the powers that be in the US government.

We were granted our business license in China BECAUSE of our technology while the USA keeps trying to suppress technology advancement in our field. That means the government even had to review the conflicts with the USA and dismissed them as all other nations as being “stitched up” as one put it in Europe.

The regulators in the USA have one policy – if the big boys do it it’s OK. They are Too Big to Fail, Too Big to Jail, but big enough to hire government employees. Anyone else has to be regulated when the regulators do not even understand what they are doing. The bottom-line policy at the US regulators – if they do not understand it, regulate it out of existence. You are not allowed to compete against New York City.

In the United States, there remains over regulation because the government is clueless about technology. The next crisis will be really worse than 2007-2009 because they have chased so many from the marketplace with fines and regulations that make no sense. The SEC has had to announce strengthening rules for their own people in trading on inside information. The more regulators we have the more corruption that exists. I have stated before, when I was managing positions for the Onassis estate in commodities, I had the larges physical position in Platinum. It took six months to get permission to trade at that level way beyond exchange limits and when I picked up the phone the first time, everyone already knew the size of my position. So much for regulators. Today, positions of managers over $100 million in assets must be reported to the SEC. You can bet that i8nfo is handed out under the table.

In quick succession, China in recent months has utilized a quantum satellite to transmit ultra-secure data, inaugurated a 1,243-mile quantum link between Shanghai and Beijing, and announced a $10 billion quantum computing center. The USA cannot even compete with this level of technology yet. We have been a full green light on our systems. There is no question that China will be the dominant economy after 2032.

New Zealand to Foreigners – Get Out!


The New Zealand Prime Minister that took the country back into Marxism, has fired its first shot across the bow.  The Labour party have formally signed a coalition agreement, introducing all new policies focusing on climate change, regional development, and poverty which translates into hunting the hated rich. Thirty-seven-year-old Jacinda Ardern, a member of the New Zealand Labour Party, became the world’s youngest female leader. Hillary must be crying in her martini.

Nevertheless, PM Ardern has just fired the first shot across the bow and this is a serious warning that foreign investment better cross New Zealand off the list of places that will be up-and-coming.  She has banned foreigners from buying property in New Zealand. The first proposal was to ban any migration to New Zealand as well. That they had to back off of given the refugee impression and that would have agreed with Trump – OMG!

She thinks banned foreign property ownership will cool off the property market. The problem will be, a property crash. When home values decline, people feel they lost money and they spend less. With rising property values, people feel they are better-off and spend more assu8ming they have equity even if they do not borrow against it.

She may be the youngest female leader in the world, but she also is clueless about economics.

Diamonds replacing Gold?


 

There has been an effort to use diamonds in place of gold since you can travel with them without setting off metal detectors. But the real problem has been the untrained eye can easily be fooled. The Singapore Diamond Investment Exchange (SDiX), has launched a new product they hope to compete with gold. Perhaps this may have some traction, but again, it is hard to see how this will really compete with gold unless someone is trying to move money from one country to another.

Saudi Arabia in Search of Cash


 

QUESTION: I read your blog about the Saudi’s potentially selling a large private equity position from China in Aramco rather than accessing the public markets. You have pointed out the need for the Saudi’s to modernize their economy to be less dependent on oil income and to monetize that resource for capital improvements/diversification, but how do they do that without giving away to much control over their oil resources to China?  Wouldn’t a single significant stake by a private investor (country in this case) give up to much control over their single greatest resource (at least for the immediate future)?  I’m thinking of the disaster that is Venezuela as an example of the poor employment of foreign investment.
ANSWER: I fully understand your point. However, the Saudi’s need money. They spent too much money expecting oil to be $200 forever. They are now starting to issue bonds. Saudi Arabia has peaked economically and looks at UAE and sees the diversification. But Saudi Arabia would have to relax their religion. Here is a picture I took on the beach in Abu Dhabi. They are tolerant of Western Culture. You cannot create a world economy without separation of church and state.
Venezuela has always been a ruthless dictatorship. The wealth from oil never made it to the people.

State Dept. Admits There’s 40,000 pages of Clinton Emails They Never Read…


A stunning admission today from the U.S. State Department considering all of the dismissive declarations from the Clintons, the FBI, DOJ and State Department before the 2016 election.

The State Deparment now admits there’s over 40,000 pages of Clinton emails, created on her personal server, they’ve never even read:

(Washington, DC) – Judicial Watch announced that the State Department revealed in a federal court hearing that it has yet to process 40,000 of 72,000 pages of Hillary Clinton records that the FBI recovered last year.

The revelation came during a federal court hearing in Judicial Watch Freedom of Information Act (FOIA) lawsuit seeking former Secretary of State Hillary Clinton’s emails that were sent or received during her tenure from February 2009 to January 31, 2013 (Judicial Watch, Inc. v. U.S. Department of State (No. 1:15-cv-00687)). The case is before Judge James E. Boasberg.

The hearing focused on the State Department’s progress on processing the tens of thousands of emails Clinton failed to disclose when she served as Secretary of State, some of which were emails sent by Clinton aide Huma Abedin that were found on the laptop of her estranged husband Anthony Weiner. The State Department has processed 32,000 pages of emails so far, a small number of which have been released, but 40,000 pages remain to be processed.

Judicial Watch asked the court to require the State Department to identify any records from the seven FBI discs that it intends to withhold, and why, in a timely manner. The State Department disclosed to the Court that it was adding extra resources to its FOIA operation but would not commit to a faster production of the Clinton emails.

On October 19, Judge Boasberg ordered the State Department to “explain how its anticipated increase in resources will affect processing of records in this case and when the processing of each disk is likely to be completed.” Surprisingly, the Tillerson State Department and Sessions Justice Department previously argued to the court that there was diminished public interest in the Clinton emails.  (read more)