Is Socialism Dying?


QUESTION: Good day Marty. Thanks for your work and assistance at trying to remain sane during these times. Question; you’ve stated many times that socialism is dying. From where I sit it appears the opposite. Do you think these are the signs of an extinction burst, or do we expect even more insanity ultimately leading to the complete loss of freedom and liberty at the hands of these lunatics?

Thanks, be well and please live long!!

DA

ANSWER: It is dying because the social programs can no longer be funded from pensions to the size of government employment. Because this is dying, it also results in aggressive fighting back in the system to try to save it. In part, this has been the intense hatred of Trump, and the Democrats feel they must take the White House to save their agenda. Consequently, the rise in activity is the direct result of it declining. If nothing was at risk, there would be no need for this intense rise in resistance. So they are reacting ONLY because it is failing. We see this in Europe where they are moving to cancel all currency to force people back to the banks where they will be charged negative interest rates for daring to save.

Unfortunately, we have the last twelve years left. Marxism never works. They have tried it so many times. It fails because they try desperately to change human nature. They constantly portray someone having more than they do as evil and unjust. We are all created equal in rights, but not in talents. Some people faint at the sight of blood and others can be doctors. Some are great athletes and others can’t run 20 yards. We should see the end of Marxism with the collapse of governments beginning in 2032 moving into 2037/2038.

Global Unemployment


COMMENT: Dear Mr. Armstrong,

According to a survey done by an online HR/recruitment firm (link attached above), 1 in 5 of Malaysians lost their job due to MCO aka lockdown arising from the COVID.

This is a stark contrast from what mainstream media reports or official numbers. It looks like things are getting ugly when reality sets in.

Stay safe and stay healthy. God bless America!

S

REPLY: It appears that on average, the global unemployment rate is around 20% thanks to COVID-19. Certain places where they rely on tourism has reached 50%+. This is so profound. Governments in Europe are telling people to stay home for vacations and not travel to southern Europe. Americans have been terrorized by the media not to take cruises or travel by plane. This summer will only heighten the sovereign debt crisis as we head into August.

What is Different This Time Between 1987 & 2020 – 33 years Later?


QUESTION: Marty, I was there at your 1987 conference on the weekend of the crash. I was amazed, with many others, that you were able to say the futures would drop 10,000bp and bottom with the ECM and then make new highs. I don’t have to say many did not believe that forecast. What is the difference you see this time since it does feel different?

Your loyal follower on this quest for knowledge.

PGD

ANSWER: The 1987 Crash took place on the day of the ECM on October 19, 1987. So we have the low on the turning point, which confirmed that we should make new highs by the next turning point 1989.95.

The cause was termination from the foreign exchange markets set in motion by the stupidity of the G5 in trying to manipulate the dollar lower for trade AFTER they sold 1/3 of the US national debt to the Japanese.

By attempting to manipulate the dollar lower to gain trade benefits, they fail to understand that foreign investment in the US would also be repelled. You cannot lower the value of a currency by 40% to help trade without causing losses to foreign investors. So the 1987 Crash was currency driven and not economic. When Rubin was trying the same stupid nonsense in 1997, 10 years later, that is when I warned them this was a stupid idea that created the 1987 Crash. They responded, but more importantly, they backed off.

 

This time we have brain-dead epidemiologists who are as corrupt as a $3 bill and should be thrown in prison for the global damage they have done deliberately without regard to the people. They have sold their souls to the Bill & Melinda Gates Foundation, which should be investigated for covert activities. The economic patterns are distinctly different and reflect the actions of a terrorist organization. This was not the mere stupidity of unqualified people in government. We have billionaires acting like usurpers, seizing power to force their vision of the future upon the rest of society.

This has been a direct assault to destroy and redesign the economy from the ground up. The patterns are completely different and display a frontal attack upon the economy. This is not a result of an unintended consequence of manipulating one market without comprehending the interconnectivity throughout the entire system. This has been a deliberate attempt to destroy the economy and our way of life as we have known it. Therefore, the stark difference has been the collapse of many sectors that have been set in motion deliberately. We then see European politicians gleefully looking at this as an opportunity to rebuild the economy from a green perspective. You have Spain introducing basic income which is all designed to move Europe into a full-blown Marxist state by eliminating paper currency. Soon, they will default on all debt by transforming all government debt to perpetual bonds when they realize they cannot sell debt anymore.

 

When we look at the 1987 Crash, the entire event was 8.6 weeks. It bottomed with the ECM, which was not the case this time.  Moreover, there was a set of Double Weekly Bearish Reversals at 286.10. Once they were elected, there was nothing on our system models, including technical, that would reflect any support until we reached the Monthly Bearish Reversal. Hence, the forecast we would drop 10,000 points and then bottom wit the ECM.

The Monthly Bearish Reversal was 180.30 and the low was 180.00. That met all our criteria perfectly. But look at the pattern for the recovery. We do not see the strong immediate bounce as we have seen this time. In fact, it took 41 weeks to elect the first Weekly Bullish Reversal. There was a slow but steady advance which was reflecting the underlying strength within the economy. There was no Paradigm Shift, but a disruption to the foreign exchange markets which is the foundation of international capital investment.

The G5 was created at the Plaza Accord in 1985, calling for the dollar to decline by 40% to reduce the US trade deficit. As the dollar fell too far, other members complained and this led to the Louvre Accord in February 1987, when they declared the dollar had declined far enough. The dollar kept falling, the sentiment shifted, and everyone began to question if the central banks were capable of doing anything. Hence, by October 1987, there was a massive panic selling in the dollar which led to selling dollar assets.

Energy & the Stock Market


 

QUESTION: Marty; Your energy model seems to be warning that the bounce is not going to last. I have followed the reversals and they have been great for the bounce. What I have noticed is your energy model peaked two weeks before the low but as the market has rallied, energy has been declining. The 2018 December low your energy bottomed with the low and that was a good rally. This seems to be the opposite. Is my interpretation correct?

DF

ANSWER: Yes. We have a divergence on the weekly level with the typical novice rushing in to buy based upon the fact the market has simply rallied. They will always judge the next 5 years by a few weeks of price action. When we look at the monthly level, the peak in price was very high in energy which has been declining ever since. This also warns of caution. Keep in mind that we had a nice 11-year rally in the Dow & S&P500 from the 2009 low. That is a traditional bull market. But the NASDAQ bottomed in 2002, not 2009, so that was an 18-year rally, which is significantly different.

Cyclical v Linear Analysis Special Report $4.95


A lot of people have inquired as to how our Computer System has been so accurate in forecasts not just markets and economic booms & busts, but political like the Trump victory and Brexit to the latest that the Coronavirus would peak in April ideally the week of April 6th,2020 when scientists, they claimed, were forecasting it would last for 18 months of longer. This special report dives into the methodology of academics in  all fields other than physics who use the assumption that if the temperature rises by 0.1% last year, they extrapolate that out and project we will all die in 20 years because a 1.5 degree increase will destroy the planet.

All of these forecasts have been simple linear progressions which are absurd. This is like saying the Dow rose 1,000 points last years so it will do the same for the next 20 years. We all know that such forecast are a joke. Even the Wall Street Journal would never publish such a forecast. They published a cycle back in 1933. Nevertheless, we have politicians imposing regulations all based upon this analysis that is not just a joke, it is an outright fraud.

This report has gathered all these forecasts since the beginning of the 19th century that mean we should all be dead by now. Despite these forecasts always being wrong, the press continually prints them all the time. The United Nations said entire nations would be wiped out by 2000. I think the data is 2020 if I am correct and nobody manipulated the calendar.

 

In 1932, they predicted the glaciers would melt and the water would rise to the 15th floor in New York City. You just can’t make up this stuff.  This is the methodology being used by all of these academics and in disease, this is what Gates has been funding to change the world based upon total nonsense.

This Report is Available for Download ….. $4.95

President Trump Delivers Remarks to NASA SpaceX Group After Successful Launch – 5:00pm ET Livestream…


After the successful manned launch of the NASA SpaceX mission to the International Space Station President Trump is scheduled to deliver remarks to the audience at Kennedy Space Center in Cape Canaveral, Florida.  Anticipated start time 5:00pm ET.

UPDATE: Video and Transcript Added

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[Transcript] – THE PRESIDENT: Well, thank you very much. Please. Please. Big day. This is a big day. And I want to thank our great Vice President for your fearless and tireless commitment to fulfilling America’s destiny in space. Thank you very much, Mike. Great job. Great job. (Applause.)

We’re also grateful to Mike’s wonderful wife, Karen, for being here and for all she does for our country. Thank you. Thank you, Karen. (Applause.)

Before going further on this exciting day for all America in space, I want to say a few words about the situation in Minnesota. The death of George Floyd on the streets of Minneapolis was a grave tragedy. It should never have happened. It has filled Americans all over the country with horror, anger, and grief.

Yesterday, I spoke to George’s family and expressed the sorrow of our entire nation for their loss. I stand before you as a friend and ally to every American seeking justice and peace. And I stand before you in firm opposition to anyone exploiting this tragedy to loot, rob, attack, and menace. Healing, not hatred; justice, not chaos are the mission at hand. (Applause.)

The police officers involved in this incident have been fired from their jobs. One officer has already been arrested and charged with murder. State and federal authorities are carrying out an investigation to see what further charges may be warranted, including against, sadly, the other three.

In addition, my administration has opened a civil rights investigation, and I have asked the Attorney General and the Justice Department to expedite it.

I understand the pain that people are feeling. We support the right of peaceful protesters, and we hear their pleas. But what we are now seeing on the streets of our cities has nothing to do with justice or with peace.

The memory of George Floyd is being dishonored by rioters, looters, and anarchists. The violence and vandalism is being led by Antifa and other radical left-wing groups who are terrorizing the innocent, destroying jobs, hurting businesses, and burning down buildings.

The main victims of this horrible, horrible situations are the citizens who live in these once lovely communities. The mobs are devastating the life’s work of good people and destroying their dreams. Right now, America needs creation, not destruction; cooperation, not contempt; security, not anarchy. And there will be no anarchy. Civilization must be cherished, defended, and protected. The voices of law-abiding citizens must be heard, and heard very loudly.

We cannot and must not allow a small group of criminals and vandals to wreck our cities and lay waste to our communities. We must defend the rights of every citizen to live without violence, prejudice, or fear.

We support the overwhelming majority of police officers who are incredible in every way and devoted public servants. They keep our cities safe, protect our communities from gangs and drugs, and risk their own lives for us every day.

No one is more upset than fellow law enforcement officers by the small handful who fail to abide by their oath to serve and protect. My administration will stop mob violence and will stop it cold.

It does not serve the interests of justice or any citizen of any race, color, or creed for the government to give into anarchy, abandon police precincts, or allow communities to be burned to the ground. It won’t happen.

Those making excuses or justifications for violence are not helping the downtrodden, but delivering new anguish and new pain.

From day one of my administration, we have made it a top priority to build up distressed communities and revitalize our crumbling inner cities.

We fought hard with Senator Tim Scott and many others to create Opportunity Zones, helping to draw a surge of new investment to the places in our country that need it most. We must all work together as a society to expand opportunity and to create a future of greater dignity and promise for all of our people. We must forge a partnership with community leaders, local law enforcement, and the faith community to restore hope.

Radical-left criminals, thugs, and others all throughout our country and throughout the world will not be allowed to set communities ablaze. We won’t let it happen. It harms those who have the least. And we will be protecting those who have the least.

The leadership of the National Guard and the Department of Justice are now in close communication with state and city officials in Minnesota. And we’re coordinating our efforts with local law enforcement all across our nation.

In America, justice is never achieved at the hands of an angry mob. I will not allow angry mobs to dominate. It won’t happen. It is essential that we protect the crown jewel of American democracy: the rule of law and our independent system of justice. Every citizen in every community has the right to be safe in their workplace, safe in their homes, and safe in our city streets.

This is the sacred right of all Americans that I am totally determined to defend and will defend. My administration will always stand against violence, mayhem, and disorder.

We will stand with the family of George Floyd with the peaceful protesters and with every law-abiding citizen who wants decency, civility, safety, and security.

We are working toward a more just society, but that means building up, not tearing down; joining hands, not hurling fists; standing in solidarity, not surrendering to hostility.

Moments ago, as we witnessed the launch of two great American astronauts into space, we were filled with the sense of pride and unity that brings us together as Americans. That same spirit which powered our astronauts to the Moon has also helped lift our country to ever greater heights of justice and opportunity throughout our history.

So today, as we mark a renewed commitment to America’s future in space, a tremendous commitment it is. Let us also commit to a brighter future for all of our citizens right here on Earth.

When Americans are united, there is nothing we cannot do. From day one of my administration, we put America first. (Applause.)

This afternoon, I’m delighted to be with you at Cape Canaveral, in this storied home of American daring, aspiration, and drive.

This is the first big space message in 50 years. Think of that. And it is an honor to be delivering it.

Today, as we gather in this special place to celebrate not only the launch of a new spacecraft but also our nation’s bold and triumphant return to the stars, it’s a special day. Moments ago, the world bore witness to the flight of the first new manned U.S. spacecraft in nearly 40 years since the Space Shuttle launched in 1981 — a long time ago.

I am thrilled to announce that the SpaceX Dragon Capsule has successfully reached low-Earth orbit and that our astronauts are safe and sound. (Applause.)

With this launch, the decades of lost years and little action are officially over. A new age of American ambition has now begun.
Past leaders put the United States at the mercy of foreign nations to send our astronauts into orbit. Not anymore. Today, we once again proudly launch American astronauts on American rockets, the best in the world, from right here on American soil. (Applause.)

Those of us who saw the spectacular and unforgettable liftoff this afternoon watched more than an act of history; we watched an act of heroism. Every time our astronauts climb aboard a rocket — which is many, many stories of only engine and fuel — and vault across the sky, they display breathtaking valor.
What Colonel Douglas Hurley and Colonel Robert Behnken did this afternoon was pure American genius and courage. They join the ranks of just seven prior American astronauts who have made the perilous maiden voyage to test a new class of spacecraft.

The names of Hurley and Behnken will stand in the history books alongside those of legends like Alan Shepard, Gus Grissom, John Young. Now these brave and selfless astronauts will continue their mission to advance the cause of human knowledge as they proceed to the International Space Station before returning to Earth. We wish them Godspeed on their journey, and as one proud nation, we salute their fearless service.

Thank you. Thank you. (Applause.) Thank you.

I also want to send our nation’s gratitude to the wives of these valiant astronauts, both of whom are astronauts themselves: Karen Nyberg and Megan McArthur. We join them in praying for our heroes’ safe return.

As you know, this spring, our nation has endured the pain and hardship of a global pandemic. As we usher in a new era of manned spaceflight, we are reminded that America is always in the process of transcending great challenges. Our nation is blessed with limitless reserves of talent, tenacity, and resolve. The same spirit of American determination that sends our people into space will conquer this disease on Earth. It should’ve never happened. Nothing — not even gravity itself — can hold Americans down or keep America back.

We are grateful to NASA Administrator Jim Bridenstine and Director of the Kennedy Space Center Bob Cabana for welcoming us this evening. Very special. Thank you very much. Thank you. Thank you. (Applause.) Thank you. Great job. Great job. Come a long way in three and a half years, Jim, haven’t we? Huh? A long way.

To the incredible men and women of NASA, from here at Kennedy Space Center, to the Johnson Space Center in Texas — we love you too — to NASA Plum Brook Station in Sandusky, Ohio: Thank you all for working so hard to make this day a reality. We have many other great days almost ready to happen.

Also with us are many members of my Cabinet, including our great new DNI, John Ratcliffe. Thank you, John. Thank you. (Applause.) We have a great friend of mine, a special man, ran a great, great campaign: Governor of Florida, Ron DeSantis. (Applause.) Thank you, Ron. Thank you, Ron.

Your Senators Rick Scott and Marco Rubio. Thank you very much. Thank you. (Applause.) Thank you. Thank you. Leader Kevin McCarthy. Kevin, thank you very much. (Applause.) Great job you do, Kevin.

And Representatives Matt Gaetz, John Rutherford, Michael Waltz, Bill Posey, Gus Bilirakis, Daniel Webster, Brian Mast, Elise Stefanik, Bill Flores, Brian Babin, Rodney Davis, Roger Marshall, and Steven Palazzo. Thank you very much, fellas. Thank you. (Applause.) What a great group of people. They’re warriors. They’re really warriors. They helped so much get this done, and so many other things.

With us also is our Air Force Chief of Staff, General David Goldfein. General, thank you very much. (Applause.) Thank you. Thank you, General. Thank you. And Chief of Space Operations — the first-ever named — and now a member of the Joint Chiefs of Staff, because we created the United States Space Force — General Jay Raymond. Thank you very much. Jay. (Applause.) Thank you, Jay. And senior members, also, of our great United States military. It’s never been stronger than it is right now.

Also, Attorney General of Florida, Ashley Moody, and Chief Financial Officer of Florida, Jim Patronis, and many other distinguished guests.

Thank you very much for being here. (Applause.) We appreciate it.

I especially want to congratulate someone who truly embodies the American ethos of big thinking and risk-taking. After achieving success as an Internet entrepreneur, he could have spent his fortune doing anything, including yachting, lots of things. He could do lots of things. But in 2002, he began pouring tens of millions of dollars of his own money into research and development for a new rocket. He’s a little different than a lot of other people. He likes rockets. He assembled a crew of some of the greatest minds and talent in American aerospace.

In the years since, SpaceX has become the first private company to develop and successfully launch its own rocket into orbit, the first to launch and recover its own capsule, and of course, moments ago, Space X became the first private company to put humans into orbit around the Earth.

Elon Musk, congratulations. Congratulations, Elon. (Applause.) Thanks, Elon.
For Elon and 8,000 SpaceX employees, today is the fulfillment of a dream almost two decades in the making. For years on end, they have worked hand-in-hand with NASA, sculpting aluminum, tightening valves, tuning nozzles, testing parachutes, and filling massive tanks with thousands and thousands of pounds of kerosene and liquid oxygen.

Today, the groundbreaking partnership between NASA and SpaceX has given our nation the gift of an unmatched power: a state-of-the art spaceship to put our astronauts into orbit at a fraction of the cost of the Space Shuttle. And it’s much better.

From now on, the United States will leverage the fast-growing capabilities of our commercial sector and the finest pieces of real estate on Earth — which you need very badly — to send U.S. astronauts into space.

Under NASA’s Commercial Crew program, we will use rockets and spacecraft designed, built, owned, and launched by private American companies, at a fixed price for the American taxpayer.

Today’s launch makes clear the commercial space industry is the future. The modern world was built by risk-takers and renegades, fierce competitors, skilled craftsmen, captains of industry who pursued opportunities no one else saw and envisioned what no one else could ever think of seeing. The United States will harness the unrivaled creativity and speed of our private sector to stride ever further into the unknown.

This launch also marks an exciting turning point for NASA. This agency will now focus its unmatched ex- — expertise, like nobody has ever seen, and power and integrity to do what NASA does better than anyone else — and it’s not even close: embark on the most difficult, most daring, most audacious missions in the history of humankind.

When I first came into office three and a half years ago, NASA had lost its way, and the excitement, energy, and ambition, as almost everybody in this room knows, was gone. There was grass growing through the cracks of your concrete runways. Not a pretty sight. Not a pretty sight at all.

The last administration presided over the closing of the Space Shuttle and almost all of the giant facility that keeps so many people working, so many brilliant minds going. People were crying. They were devastated. But now it’s the greatest of its kind anywhere in the world and will get greater and greater with years to come. I promise you that. (Applause.)

We have created the envy of the world and will soon be landing on Mars, and will soon have the greatest weapons ever imagined in history. I’ve already seen designs. And even I can’t believe it.

The United States has regained our place of prestige as the world leader. As has often been stated, you can’t be number one on Earth if you are number two in space. (Applause.) And we are not going to be number two anywhere. (Applause.)
Nowhere is this more true than with our military, which we have completely rebuilt. Under my administration, we have invested two and a half trillion dollars in new planes, ships, submarines, tanks, missiles, rockets — anything you can think of. And last year, I signed the law creating the sixth branch of that already very famous United States Armed Forces: the Space Force. (Applause.)

For every citizen who has eagerly waited for America to reignite those engines of will, confidence, and imagination that put a man on the Moon, I stand before you to say: You need wait no longer.

Through NASA’s Artemis program, the United States is preparing for a crewed mission to Mars. Earlier this week, I saw the Orion capsules being worked on in this building. As part of the Artemis Moon-to-Mars program, those capsules will soon return Americans to lunar orbit for the first time in over 50 years — half a century.

By 2024, our astronauts will return to the lunar surface to establish a permanent presence and the launching pad to Mars. (Applause.) And the first woman on the moon will be an American woman. And the first nation to land on Mars will be the United States of America. (Applause.)

Since I signed the order to establish these goals shortly after taking office, we have made rapid gains. A new 22,000- pound capsule is already built. The next generation of space suits are already made. Colossal rockets are now being tested. And the contracts for three separate lunar landers have been awarded and signed, and they are magnificent.

In the years ahead, America will go bigger, bolder, further, faster, and America will go first. America will always be first. (Applause.)

To be certain, we will meet the adversity and hardship along the way. There may even be tragedy, because that is the danger of space. There’s nothing we can do about that. The power that we’re talking about is unrivaled. There’s nothing we can do about problems. But we’ll have very few of them.

We will confront all of those challenges, knowing that the quest for understanding is the oldest and deepest hope in our souls. The innate human desire to explore and innovate is what propels the engines of progress and the march of civilization. We will preserve and persevere, and we will ensure a future of American dominance in space.

To that end, over the last three years, I reestablished the National Space Council. I issued a directive cutting red tape for innovative space companies such as SpaceX. We created the world’s first comprehensive space traffic management system. Last month, I signed an executive order establishing U.S. policy for the recovery and use of space resources and minerals. Administrator Bridenstine announced the Artemis Accords to govern the future of space exploration and development.

Together, we will assert America’s rightful heritage as the greatest space-faring nation on the planet. And already, it’s not even close.

In the half a century since the United States stopped sending astronauts to deep into space — 1972 — no other country has ever done it. The reasons are simple: cost, technological complexity, and tremendous danger.

For instance, I was told that the rocket you just witnessed had to be launched within one second, or it would be impossible for it to hit its target. And I was here two days ago, and I said to Jim: “Jim, it’s okay. Why don’t you wait 5 or 10 minutes?” (Laughter.) And he said, “Sir, we only have a window of one second.” And I walked out of here shaking my head. (Laughter.) Is that true, Jim? Yes, it true.

Space travel is not a feat of engineering alone. It’s also a moral endeavor — a measure of a nation’s vision, its willpower, its place in the world. Exploration is a test of our values and of our faith. America is a nation defined by its commitment to discovery — to solve mysteries, to chart the unknown, to press the limits, to achieve the fullest expression of life’s potential, and to ensure that America is the nation that always leads the way, and especially in space.

This evening, I am more confident than ever before that America stands poised to thrive in this grand undertaking. It’s incredible. We are a nation of pioneers. We are the people who crossed the ocean, carved out a foothold on a vast continent, settled a great wilderness, and then set our eyes upon the stars. This is our history, and this is our destiny.

Now, like our ancestors before us, we are venturing out to explore a new, magnificent frontier. It’s called: space. Our most daring feats, our most epic journeys, our biggest adventures, and our finest days are just beginning. America’s proudest moments are still ahead. We are on the verge of our most exciting years, and next year may be the most exciting of all. You just watch.
So today, as our brave American astronauts shake the Earth and blaze a trail of fire and steel into the heavens, we proclaim for all to hear that we have not yet tested the full strength of the American character, and the world has not yet seen the full glory of the American spirit. For our country, for our children, and for humanity’s march into the stars, the best is yet to come. (Applause.)

It was a great honor for me to deliver this speech. God bless our brave astronauts now soaring through the heavens. God bless the men and women of NASA. And God bless America. Thank you very much. Thank you. (Applause.)

END 5:49 P.M. EDT

White House Livestream Link – RSBN Livestream Link – NBC News Livestream

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NASA SpaceX Crew Dragon – Falcon 9 Rocket Launch – 3:22pm EDT Livestreams…


History will unfold today as NASA and SpaceX launch astronauts Robert Behnken and Douglas Hurley to the International Space Station. This mission marks the first time since the retirement of the space shuttle in 2011 that humans will fly to the space station from U.S. soil.  Targeted Launch Time 3:22 pm EDT  – Livestreams Ongoing

NASA and SpaceX are providing live coverage from launch to arrival at the space station. Teams are targeting an instantaneous window of 3:22 pm EDT for the launch of the SpaceX Crew Dragon spacecraft atop a Falcon 9 rocket from Launch Complex 39A at NASA’s Kennedy Space Center in Florida.

The Crew Dragon is scheduled to dock to the space station May 31st.

NASA Livestream Link – SpaceX Livestream Link – CSPAN Livestream Link

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Is this Unfolding Faster than Expected?


 

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.

Buffett Sold All Airlines in Advance


 

The US Share Market Behind the Scenes


October WEC 2019

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.