According to a recent survey conducted by the Institute for Economic Research (Ifo), German companies plan to reduce investments by 50% this year due to the lingering effects of the coronavirus. In fact, 28% of companies reportedly already canceled investments. The manufacturing sector, the heart of the German economy and therefore the entire Eurozone, purportedly plans to cut back projects and future investments by 64%, and 32% reported that they have already canceled business ventures entirely.
The coronavirus cannot account for the toll on German manufacturing, as 2019 was the worst year for that sector in a decade. In February of this year, the Financial Times reported that ECB President Christine Lagarde said low rates and inflation “significantly reduced the scope for the ECB and other central banks worldwide to ease monetary policy.” This was in February when the main concern was the US-China trade war, as Germany imports 9.4% of intermediate goods from China.
Chancellor Angela Merkel wants to pump $146 billion USD ($130 billion euros) into a stimulus package, while of course designating $56 billion USD of those funds to further the climate change agenda. The German economy already shrank by 2.2% in the first quarter. Merkel recently announced that she will “absolutely not” run for a fifth term, meaning she will leave her mess for the next person to clean up.
Roughly 5,000 individuals, a combination of individuals, partners in the major Wall Street firms including particularly Goldman Sachs, Merrill Lynch, and JPMorgan, and associated lawyers and others engaged in the global ecology of naked short selling and money laundering – both federal crimes – are now subject to discovery and criminal forfeiture of all assets purchased with illicit wealth.
In the United Kingdom “unexplained wealth” is now subject to investigation and discovery by the National Crime Agency. The USA needs a similar project. To take one example, all of the vacant luxury condominiums in New York City are immediately confiscatable by criminal forfeiture once the illicit provenance of the funds used to buy these asset can be established.
The President of the United States of America has been briefed on the depth and breadth of all data now stored by the National Security Agency (NSA) and is also aware of what could be discovered within a very short time through a complete audit of the Depository Trust & Clearing Corporation (DTCC).
The fact that the President has War Powers is a bonus. Wall Street criminals and their clients have nowhere to run. It is immediately possible for the President to execute a squeeze and come away with no less than $100 trillion dollars in confiscations of criminally-derived assets, both to make reparations to all the pension funds and individual investors cheated by Wall Street; and to fund the re-building of America by restoring the wealth stolen from Main Street by Wall Street, back to Main Street.
In the Gulf, states are facing bankruptcy. Oman can hardly even pay his electricity bill. The IMF has been now lobbying to defer emerging-market debt for one year. We have been able to confirm from behind the curtain that more than 100 nations have asked the IMF for help. The sheer stupidity of this coronavirus lockdown is beyond belief. It seems no politician bothered to ask advice from anyone other than epidemiologists. Neil Ferguson may have resigned for bad judgment, but the politicians who failed to consult other fields including economics should resign. The lack of common sense amounts to the said fact that politicians have set off a Monetary Crisis cycle over the next two years, for they have seriously disrupted the entire world economy. These emerging markets will not be able to pay their debts any time soon, especially when European politicians are trying to convert the economy to a New Green Order.
President Emmanuel Macron is waging war against Germany to usurp their car production by first killing it with climate change regulations. Then he announced an €8 billion plan to make France the top producer of “clean vehicles” in Europe. The rivalry between France has always been deep-seated. The number of wars between the two countries is high. It was at the Treaty of Versailles of 1871 which ended the Franco-Prussian War and was signed by Adolphe Thiers, of the French Third Republic, and Otto von Bismarck. This was actually the establishment of the newly-formed German Empire on February 26, 1871.
In retribution, France demanded Germany surrender at the end of World War I. The Treaty of Versailles was signed on June 28, 1919, exactly five years after the assassination of Archduke Franz Ferdinand. Where the Germany Empire was created in 1871, they chose the very same place to bring about its destruction 48 years later.
The political rivalry between France and Germany remains deeply entrenched within political circles. This does not really extend down to the people. Nevertheless, it illustrates that this idea of a single economy under the European Project has been nothing more than an unrealistic dream. There are too many centuries of distrust to overcome.
QUESTION: Mr. Armstrong, you have been targeting 2021 into 2022 as a critical time. Do you think this is unfolding faster than expected, or is this yet another sucker rally to get people all trapped in again on a bounce and then slaughter them? I find it curious how people get so bullish at every high and it smells that way now. What do you see in the near-term? I saw Socrates traded the rally in gold very good, but the ratio just shifted and it did not make a new high. It looks like weakness is coming back. All these people clamoring that they missed the NASDAQ rally look like they will be separated from their money really soon. What do you think?
FP
ANSWER: You have to subscribe to Socrates for each particular market. I do not have the time to comment on every single market and you cannot make a comment of the Dow and apply to another index any more than gold applies to silver or platinum. They are all different. Socrates is there for a reason. It is objective without bias and is not written by any person – it is totally computer generated which is a good thing in times like this. We all have our prejudices that can get in the way of objectivity. That is why people sell the low and buy highs.
We definitely have to be careful here for it is true that only fools rush in where wise men dare not tread. With all the chaos in the world, these people who think they missed everything with the NASDAQ rally merely illustrates how naive they are to even think the market can rally from here with no problems because some states are opening up. They will simply become the fuel for the moves ahead.
Those are the people who inevitably buy the high because they get so caught up always at the top. The pattern which seems to get the emotions flowing the most is always the Knee-Jerk Reaction before the high. This is often the strongest type of move just before the high which sucks them all in at the top thinking this is it and here we go. They want to pretend to be investors, but then they want to really trade every move.
When we look at the German DAX, there we have elected ALL FOUR Monthly Bearish Reversals from the February high but we also elected a Quarterly Bearish Reversal at the end of March. This is a clear warning that we have a very serious shift in the trend moving forward into 2022. We have not elected any Quarterly Bearish Reversal in the Dow, there is obviously a major shift in trend within the US v externally even with the lockdown.
We are NOT ahead of schedule. June remains a Directional Change and July is the next key target. We then have the 2020 elections coming and that will have a major impact upon the confidence behind the dollar into 2022.
Nobody is capable of forecasting this type of market from a gut perspective. This is the entire reason you need to look at Socrates per market and not assume anything. This is something that cannot be judged even fundamentally because there are so many things changing only a fool will assume they can see the future reducing everything to a single cause and effect.
So far, there is nothing that suggests the trend has accelerated. The swings are still within historical movements. The NASDAQ is different for its low was 2002 not 2009. Obviously, you cannot apply the same outlook to the NASDAQ as you see in the S&P500 or the Dow. To each its own, as they say.
We are creating a new index with 30 stocks to reflect the Paradigm Equity Shift. We are working on a special report to cover this event since it is the first time it has taken place since the 1930s.
QUESTION: I noticed going over your blogs that Socrates picked up the divergence between the Nasdaq and the other indexes you commented on before the crash began. I understand you do not have the time to comment on every market and it is best to follow what Socrates writes. But you said at the conference this was unusual and you said it would be a crash that was a combination of 1998 and 2008. Something just does not smell right with the markets as you commented before. Do you have any additional insight as to what is unfolding?
GPK
At this time, there is an all-out war in the financial markets with the Climate Change Activists trying to force major funds to divest of anything that produces CO2. This is undoubtedly a deliberate crash that has been orchestrated with respect to the magnitude of the decline – not when. The computer was picking up these subtle changes beginning last August 2019. As I have said many times, it cannot tell me the person, it can only show the machinations behind the scenes.
Earlier today President Trump participated in a “Rolling to Remember Ceremony” honoring our nation’s veterans and POW/MIA. The motorcycle community celebrates the event each year in Washington DC. [Video and Transcript Below]
.
[Transcript] – THE PRESIDENT: Thank you very much. And we really — you’re my friends and you’ve been supporting me right from the beginning. I appreciate that you’re here. And we’re here for you. And I told you, when you want to come back with your 600,000, we’re ready to take you. But you’re going to give us a little display on those beautiful bikes. And you’re going to be — I’ve never seen anyone do that actually. You must have special privileges. I’ve never seen anybody ride through here.
But I want to welcome you, and I want to welcome my friends. You’re the “Rolling to Remember.” And that’s what it is: “Rolling to Remember.” And we will be commemorating Memorial Day. It’s a big thing.
Together, our nation pays immortal tribute to the extraordinary courage, unflinching loyalty, and unselfish love, and supreme devotion of the American heroes who made the ultimate sacrifice. And that’s what you’re here for. It’s the ultimate sacrifice, and it is indeed. They laid down their lives to ensure the survival of American freedom. Their names are etched forever into the hearts of our people and the memory of our nation. And some of you, it’s been very close — very, very close. It’s very close to your heart. We’ll cherish them and our Gold Star families for all time. We take good care of them. They’re very special to us. Just as we’ll always remember the nearly 82,000 Americans missing in action.
We’re joined today by Secretary of Veterans Affairs Robert Wilkie. Where is Robert? Hi, Robert. Great job you’re doing, Robert. (Applause.)
You know, we got the Veterans Choice and Accountability. Choice is when they wait for two months to see a doctor before. They have to wait like a few hours. They outside, they get themselves a good doctor, we pay the bill, and they get taken care of. So, you know, the stories were legendary. You don’t hear bad things about the VA anymore. You used turn on — every night, you’d see a horror show. So, I want to thank you. You’ve done a fantastic job, Robert. What a great job.
Accountability, also. We got VA Accountability. Sounds easy, but when you have civil service and you have unions and you have all of this — for 40, 50 years, they’ve been trying to get rid of it. That’s — they don’t take care of our vets, we fire them. Before, you couldn’t. They were sadists. They were thieves. And I think you’ve let go of more than 8,000 people — right? — who were terrible. They’ve been trying to fire them for years. They didn’t take care of our vets. Just the opposite: They were horrible. Now they’re gone. We got them out. So that’s a big thing. So it’s Robert Wilkie. Thank you very much.
National Commander of AMVETS Jan Brown — where’s Jan? Jan, thank you very much. Good job. Good job you’ve done here. (Applause.) You got this very special group. They’re going to be doing a very special ride. I’m going to get to watch you, I hope. Right? Because I don’t know. Sometimes I look at those bikes — I don’t know, they’re pretty tough, right?
And Actor Robert Patrick, who has been in many films and television shows. I know that well. Most notably as T-1000 in “Terminator 2.” That’s not too bad, huh? (Applause.) You’re looking good. You’re looking good, Robert.
I want to especially recognize the Legendary AMVETS Riders, who made “Rolling to Remember” possible. For 32 years, Rolling Thunder — my friends — carried out a ride of remembrance. And now we’re going to continue that onward. And the Rolling Thunder people were terrific — Artie and everybody. They really were. We had a good relationship with them. You know that, right? Say — you’re going to say hello to my Artie. And I heard they were giving him a hard time a couple of years ago, and I said, “Nope. No hard time.” But people do get older, right? (Laughs.) They get a little bit — he said, “I’m getting a little older.” So, but Artie is terrific, and the whole group is terrific. And thank you for keeping this noble tradition alive and for preserving the memory of those who are missing, but never forgotten. Never forgotten.
My administration will spare no effort or resource to support the men and the women who defend our nation. We’ve secured over $2.1 trillion in funding to completely rebuild American military with two hun- — and think of that: 2.1 trillion — 2.1. Not — not billion. You know, it used to be “million.” And then, about 10 years ago, you started hearing “billion.” And now you’re starting to hear “trillion,” right? So it’s a — I don’t know if that’s a good thing or a bad thing, but it’s good when we’re spending $2.1 trillion in funding on our military. Completely rebuild the milit- — the military.
Our American military now has the greatest equipment, the finest equipment it’s ever had. It’s been entirely rebuilt. Some of the equipment is still coming — all made in America, everything. And when I came here — and you people knew it better than anybody — our military was depleted, just like the shelves were empty from medical equipment.
We didn’t have ventilators. We didn’t have testing. We didn’t have anything. And now we have great testing, the best in the world. We have great ventilators. We’re making thousands and thousands of them. And we’re actually now so loaded with ventilators that we’re helping other countries, and therefore saving lives also.
But our American military, with the 281 — that’s a lot of planes — F-35 fighter jets, the best in the world; 453 Abrams tanks; 14,400 tactical combat vehicles; 2 aircraft carriers; 36 additional battleships, and much more. All made in the USA.
So importantly, we’re giving our service members the resources, tools, and equipment they need. We’re even getting brand-new, beautiful uniforms. Doesn’t sound like much. If I told you what it costs, it’s a lot — for the Army. The Army has new uniforms and they are gorgeous.
We passed the largest reform of the Department of Veterans Affairs in the — I think, in the history of the department, including VA Accountability and, I said, VA Choice. We’ve removed 8,500 VA workers who weren’t doing their job, who were taking advantage of our country and hurting our vets.
The percentage of veterans reporting they trust services — think of that, they trust services; so they report, and they say they trust services — has reached the highest in the history of the VA, Secretary. That’s a big statement. So the percentage of veterans reporting that they trust the VA and the VA services is now the highest in the history of the service. Satisfaction with the VA outpatient care has reached 89 percent, and we’re not going to rest until we have it at 100 percent, Robert.
I also formed the PREVENTS — it’s called PREVENTS Task Force. (Applause.) Well, you guys — how many of you — how many are vets here.
AUDIENCE MEMBER: All of us.
THE PRESIDENT: Big difference between now and the way it used to be, right?
AUDIENCE MEMBER: Oh, yeah.
THE PRESIDENT: Big difference. I also formed the PREVENTS. I got to be careful when I ask that question. Sometimes somebody could say, “Oh, we used to like it better.” That would not be good, right? (Laughter.) You know that would go on the fake news immediately, right? That’s all they’d cover, so I have to be very careful. But thank you.
I also formed the PREVENTS Task Force to fight the tragedy of veteran suicide, which is an unbelievable tragedy. And we actually have medications that we’re working on. They have one from Johnson & Johnson, which is a inhaler, and it has been very effective. We’ve ordered, I think, thousands of units of that — thousands and thousands — and we’re using it.
When the invisible enemy struck our country, my administration quickly secured VA medical facilities. We’re keeping the sacred covenant. We’re protecting those who sacrificed so much to protect us. I was very early. In fact, out of many, many people, I was the only — the one that wanted to do it. I guess I was the only one that mattered. But I kept China out of the United States.
I put a ban on China in January, and I took a lot of heat. Joe Biden said, “Oh, he’s xenophobic.” Oh, that’s right. Yeah. But a month later, he said I was right.
As you know, Dr. Fauci, a good guy, said, “You don’t need to do that.” And then later on, when he saw that I did it and when we kept thousands — tens of thousands of people out, he said, “Donald Trump saved thousands of lives, tens of thousands of lives.” And we did.
So we did it very early, and that was a very important — the ban on Chinese people, people from China coming in. Because I was seeing how badly infected the one area, Wuhan, was, so I put a ban on.
And everybody thought — Nancy Pelosi, a month later, was in Chinatown in San Francisco. She’s dancing in the streets of Chinatown, trying to say, “It’s okay to come to the United States. It’s fine. It’s wonderful. Come on in. Bring your infection with you.” And then she said, “He should have done it earlier” — about me. And she’s dancing a month later. These people are sick.
Anyway, last year, I signed the National POW/MIA Flag Act, which requires that all federal buildings fly the POW/MIA flag, in addition to the American flag. In the months — (applause) — right? And you see them all over Washington now. And they could be separate from the flag. You can do a separate placement or you could put it under the flag.
In the months since, that righteous flag has proudly flown over the White House; you probably noticed it today. But that reminder is the work left — and we have work left. But we have to get it. We have to win the White House, otherwise a lot of the great things that we’ve done — we’re going to do great with our economy; we’re going to see — you already see it starting to happen. We’re trying to get some governors — they’re not opening up, but they’ll be opening up pretty quickly.
Today, I just spoke to CDC. We want our churches and our places of faith and worship; we want them to open. And CDC is going to be — I believe today they’re going to be issuing a very strong recommendation. And I’m going to be talking about that in a little while. But they’re going to be opening up very soon. We want our churches open. We want our places of faith, synagogues — we want them open. And that’s going to start happening. I consider them essential, and that’s one of the things we’re saying. We’re going to make that essential.
You know, they have places “essential” that aren’t essential, and they open. And yet the churches aren’t allowed to open and the synagogues and — again, places of faith — mosques, places of faith. So that’s going to — see that — you’re going to see that.
I just want to say you’ve been tremendous supporters of mine. The bikers — I call them “the bikers.” They’re bikers — for whatever reason, you liked me from the beginning and I liked you from the beginning. And I remember, I went to Hilton Head and I went to other places, and there’d would be thousands of bikes outside, and they were all in support.
And they actually said, “No, we don’t have to…” — because there was no room. There’s always — we’ve never had an empty seat, from the time I came down the escalator with our future First — First Lady. Who would have thought, right?
Remember they were saying, “What’s he doing?” And then — but there were a lot of people that thought we’d win, and we won. And we won pretty easily too: 306 to 223. That’s pretty easy. And we went through a primary that was tough, and you were there with me. We went through an election, and that tough, and you were there with me. Always there, the bikers. I think — what do I have? Ninety-eight percent? Ninety-five? We’re trying to find who are the 3 percent or the 2 percent. We’re looking for them, right? We’re all looking for them.
But I’ll never forget, I made a speech in a place. It was packed. You couldn’t get in. I said, “Fellas, I’ll do a second one.” They said, “No, no, we don’t have to hear. We know what you’re about. We know where you’re coming from, sir. We’re here to protect you. We’re not here to listen; we’re here to protect you.” I never forgot it. I never felt so safe. And there were a lot of rough guys in that little group of about 1,000 bikes, by the way. Maybe more than that. A lot of rough people. But I tell you: To me, they were beautiful people. But I never forgot that: “We’re not here to hear your speech, sir. We’re here to protect you.” And I thought it was an incredible thing.
So you’ve been my friends. I want to thank you very much for it. Get those engines started. I want to see you guys drive around and drive as fast as you can, but don’t get hurt. (Laughs.)
(The bikers complete a lap around South Lawn Drive.)
That was great. And I want to say this to Robert and Jan and every one of you — say hello to everybody. November 3rd is a big day. We don’t want to destroy this country. We’re going to make it bigger, better, greater than ever before. You’re going to see it happening very soon. We’re coming into the third quarter. That’s “transition to greatness.” Third quarter: transition.
Get out there. Work. November 3rd — November 3rd is the big day. Get all those ‘cycles going there.
But we appreciate you being here. Go have some fun. And we love you all. Thank you very much and thank you. Thank you very much, Jan. Thanks. Thank you.
China’s Communist Party will impose a sweeping national security law in Hong Kong during the annual meeting of its top political body, criminalizing “foreign interference” along with secessionist activities and subversion of state power. This is directed at the protests for independence. It is a very dramatic and bold move that unquestionably undermines Hong Kong’s autonomy. This will threaten Hong Kong as a global financial hub and is already impacting the HK$ peg which may break in June.
This has been a 23-year run under the “one country, two systems” framework that has allowed the territory to enjoy a level of autonomy. That is coming to an end. Hong Kong’s political freedoms have been eroding, but now Beijing signaled that the national security law will be a new tool that allows it to directly tackle the political dissent that erupted on Hong Kong’s streets last year.
Hong Kong has been able to hang on thanks to the US Federal Reserve cutting rates. While this has eased the pressure on the Hong Kong dollar in the midst of this deepening political crisis intermixed with the Coronavirus Pandemic everyone is using for political gains globally, the clock is ticking on the peg.
The Hong Kong Monetary Authority is clearly running out of options. Under this new threat from the political changes, the question is how long its currency can hold the line appears shorter by the Day. For the past 37 years, the city has run a managed peg, tying the Hong Kong currency to the US dollar after a long stint being tied to the British pound. Right now, the greenback trades in a narrow band between HK$7.75-7.85.
Traditionally, when a nation pegs its currency to another, then the differences in market interest rates should be marginal at best. However, this interest rate spread between the greenback and the Hong Kong market rates is warning that the economic differences are surfacing. The demand for the Hong Kong dollar is shifting, and this brings the currency in short supply given the economic contraction due to the virus. Add this new political shift and the Hong Kong Monetary Authority will have little choice but to increase the supply of Hong Kong dollars in an effort to support the economy and try to prevent interest rates from rise in the face of a new political risk.
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!
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 