QUESTION: Marty, they do not call you the legend for nothing. You nailed the crash earlier in the year and the very day of the low on March 23. Now your call for the September 3 target was again to the day. In the middle of this chaos, gold has not performed well. Given this is 21 years up, that does not give a lot of confidence for a continued rally just yet. Will you be doing the gold report soon?
HD
ANSWER: This year was a Directional Change for gold and the next turning point in 2022. Most of the volatility on gold appears to be the first six months in 2021. You must understand that this is far more than just a war against Trump to conquer Capitalism and impose drastically higher taxes and this New Green World Order that Bill Gates wants to eliminate meat production along with fossil fuels. The number of active oil wells in Texas has fallen from the 400 level to about 100. This is creating a massive shortage in everything from food to energy.
The first sports arena to open in Las Vegas is making it very clear – NO CASH accepted. They are actively making money scarce and telling everyone cash is dirty and spreads this life-threatening virus. This hoax is being carried out to usher in the cashless society so they can collect their 70% tax rates by force.
In Thailand, there were 58 deaths from this virus, yet 2,551 suicides because of losing everything. This virus has impacted absolutely everybody. No politician in their right mind would do this unless they are being bribed.
There remains a serious risk to the gold market that they will once again make it illegal. You must realize if they are trying to eliminate cash to force everybody back into banks so they can tax you, why would they allow gold or private cryptocurrencies to compete? Pay attention! California is trying to create RETROACTIVELY a wealth tax proposed by Elizabeth Warren on the advice of the French Marxist economist – Thomas Piketty. A wealth tax FORCES you to tell them ALL your assets EVERYWHERE even if in storage offshore. These are policies that the Democrats are championing and it will drive gold underground.
So, the answer is YES! I am preparing a very important report on precious metals.
Anyone who thinks that this has not been orchestrated is delusional. I warned that our computer picked up this plot beginning in late August 2019. European politicians have gone along with Gates for one reason. The Repo Crisis began because Merkel publicly made it clear that there would be no bank bailouts in the Eurozone. That was because of the Italian banking system. But then Deutsche Bank was in trouble and she has to maintain that same policy.
Therein began the Repo Crisis. US banks would not lend in the REPO market to any European bank for fear if a collapse took place, they would be stuck with losses the Eurozone would not cover unlike the aftermath of the Lehman Brothers Crisis. Hence, the Fed had to step in and provide lending in the REPO for European central banks.
Consequently, creating this FAKE Pandemic has been the life-preserver for Europe. This has masked the banking crisis and justified now buying banking stocks, which is the indirect bailout, and the elimination of cash in Europe will force everyone to return to the banks. They need this HOAX to cover the banking crisis, but in the process, they have created a huge nightmare they did not foresee.
Suspending rents and preventing evictions while they imprison the population in lockdowns with no real pandemic which German Health Minister just had to admit, has undermined the banking system even further, Now they are talking behind closed doors about forgiving past rents for tenants. That does not address the collapse in commercial property. That is raising the Marxist issue of perhaps they should just confiscate those rental properties by nationalizing them.
The ideas being bounced off my ears are too absurd to think about. None of them propose a return to a gold standard – sorry!
Tonight President Trump heads to Freeland Michigan for a campaign stop at Avflight Saginaw. The anticipated start time is 7:00pm ET. Livestream Links Below:
Financial expectations have become over-inflated and can suffer a profound deflation. Exhausted, the Left could lose its fever which would favor the Republicans on the November 3rd election
Along-standing observation in wild stock markets is the “Greater Fool Theory”, which is a practical explanation of compulsively buying a soaring market. At excessive valuations, buying the hot stock today assumes that another fool will bid it higher tomorrow. And beyond. Such recklessness typically marks the buying climax that completes a bull market.
Intense political action also seems to be reaching a mania. This and the consequent reversals have happened before.
Of course, in retrospect the buying frenzy can be widely seen as foolishness. Chagrin, dismay and sometimes insolvency follows. Like clockwork.
The intensity of the activists (Antifa, BLM and Democrats) is approaching that seen early in the Russian and French Revolutions
And also of course, extreme passions have been expressed in the political markets. Foolishness, chagrin and dismay are likely to follow. Are Dems running on the “Greater Fool Theory” now? Don’t have to decide for yourself. Here’s what Bernie Sanders stated recently “Many of the ideas we fought for, that just a few years ago were considered radical, are now mainstream”.
It is fascinating that a “straight up” market has been accompanied by virtually the same thing in politics.
Participants in both financial and political arenas have been compulsively outbidding each other.
The intensity of the activists (Antifa, BLM and Democrats) is approaching that seen early in the Russian and French Revolutions. Both occurred during highly speculative action in stocks and commodities.
Another example was the “Sturm und Drang” movement that roiled Europe. The final huge surge in the financial side of it completed in 1825 and consequent asset deflation was accompanied by deflating political ambitions and agitations.
The turmoil of the Revolution and Napoleon finally ended.
However, one of England’s greatest bankers in the 1860s dryly observed “No warning can save people determined to grow suddenly rich”.
Political and financial markets also became wild in the early 1900s
In the case of the ambitious Left, “suddenly rich” now means advancing your political quest for position and power. Everyone must be controlled and “you must listen” to the experts. And always for “your own good”.
Political and financial markets also became wild in the early 1900s. Under the guidance of neurotic intellectuals Russia had their murderous revolution. The Webbs in England promoted “Fabian Socialism”, as a fashionable alternative to Soviet mayhem. Also, possibly their enthusiasm for violence was tempered by the obvious poor manners and tailors of the Bolsheviks.
Even American policymakers were nationalizing railroads until the financial and political violence completed in 1920. Wall Street was bombed on that September 6.
Russia went from full Communism to a softer socialism. The US changed to privatizing railroads. And late in the “Roaring Twenties” John Moody explained that it was a unique era based upon the change to practical politics creating more retail consumption in America and even in Europe.
Now, every left-wing politician, operator or media star seems crazed in trying to outdo each other with reckless intrusions upon the normal order of society. Obviously, a frenzy to impose control.
Similar volatility occurred in the late 1960s and was followed by deflating financial assets and political ambition. “Reagan Democrats” found a home in the GOP.
During the preceding troubles, stocks were flying, commodities soaring, and inflation was becoming concerning. Then, and it seemed suddenly, students were protesting with “What about the people?” which sounded like socialists in England. But without the accents.
Today’s vandals have spared colleges; probably because most faculty are revolutionaries, at heart
However, there are differences. Then, rioters trashed and even burned campus offices. Most faculty were not revolutionaries. Today’s vandals have spared colleges; probably because most faculty are revolutionaries, at heart.
Radicals then funded themselves sometimes through bank robberies. The so-called Symbionese Liberation Army murdered bystanders while robbing banks.
Glaringly obvious is that the SLA was not professionally funded as today’s domestic terrorist groups are. Without sugar daddies, agitators could not afford months of rioting.
The equally aggressive Black Panthers were more widespread and dedicated to Marxist demands. Capitalism was bad and everything should be free. Ironically, fund raising included buying bulk-discounted volumes of Mao’s Little Red Book and selling them at triple the price. Often in a manner that could not be refused.
And they had a chant that today’s MSM would herald “The Revolution has Come, it’s time to pick up the gun. Off the pigs!”
Beyond today’s funding and food trucks for the night-shift pros, there has been remarkable organization in spreading and arming the violence. Bricks and shields staged at convenient corners. Organized mayhem perhaps unseen since the street disorders in Germany in the early 1930s. Those conflicts involved two sets of professionals. Each with a distinguishing uniform, both desperate to impose their totalitarian visions.
The domestic team was the National Socialists who were contending against the visiting International Socialists, and the world eventually understood the horrors that go with experiments in unlimited government.
This writer’s independent research notes that the early 1900s started a long experiment in authoritarian government and the current attempt to corrupt the US Constitution is extraordinary but seems to be ending action. Indeed, ordinary voters or Hillary’s “deplorables”, or the “petit bourgeois” as deplored by legions of European intellectuals, are beginning to say “enough”.
Indeed, the recession is emphasizing the differences between the governing classes and those who are ruled. In-your-face and in-your-wallet government is becoming altogether too much. And the financial markets are suffering a whack that typically precedes a severe contraction.
Financial expectations have become over-inflated and can suffer a profound deflation. Exhausted, the Left could lose its fever which would favor the Republicans on the November 3rd election.
Every successful reform has been conducted by ordinary folk.
These Democratic state governors have been so draconian in suppressing their economies for political purposes. Then they have the audacity to turn around and raise taxes to cover the losses in revenue. New Jersey raised gasoline taxes. California is trying to install the first wealth tax, thanks to the French economist Piketty. But California is looking to raise its income tax to 54% on the richest people. Their state income taxes, already the highest in the nation at 13.3%, is proposed to be raised to 16.8% RETROACTIVELY to pay for this plandemic.
In Tennesse, Davidson County’s property tax rate has been raised sharply from $3.155 to $4.221 per $100 of assessed value in the city’s more urban areas. For a home appraised at $250,000, that would mean an increase of about $666.25 per year. They are chasing people out of cities, and like the fall of Rome, they will keep raising taxes rather than reduce their own expenditures, which are driven by pensions. That is a 34% increase in property taxes.
The Center for Budget & and Policy Priorities is telling states to raise income taxes on the rich. They recommend: “High-income tax increases can generate substantial revenues for investments in people and communities that provide economic and social benefits over the long term.” New York City and Chicago are experiencing a flight of the rich. They get no safety and cannot leave their homes at night, and these people recommend raising income taxes on them sharply. The Wall Street Journal has reported, “Even Joe Biden would raise the top marginal rate on work to over 50%.” Our sources are saying they want to return the income tax before the Regan tax cuts to 70%.
Just who are these “rich” people the Democrats hate so much? About 9% of the households in America have income greater than $200,000. That is the husband and wife combined. They get almost 45% of all pre-tax income, according to the Tax Policy Center. Then there are the really rich, which include most politicians. They account for the top 0.4% of households, which works out to about 700,000 in total. These are households that have incomes greater than $1 million a year. They tend to earn 13% of all pre-tax income.
With the Reagan era, since the 1980s, those at the very top have experienced faster-growing incomes than the rest of America BECAUSE they are investors. This statistic is never explained, but the stock market and inflation have accounted for the bulk of these gains. The government prevents the average person from participating in investments because Social Security is just a slush fund for politicians — government bonds only.
The Congressional Budget Office estimates that the best-off 1% of American households that have an average annual income of $1.8 million (base on 2016 statistics) saw their inflation-adjust incomes before taxes nearly triple between 1979 and 2016. This is clearly the rise in the stock market and real estate values. Then, 9% of households benefited from investments by 75% while everyone else saw their pre-tax incomes rise by 33%. They will not address that the lower the income, the more government prevents them from investing for their retirement by seizing money for Social Security. If you are late on paying, they charge you interest far above any bank, but will never pay you interest on the money refunded. Taxes are always a one-way street.
The rich generally pay far more of their incomes in taxes than the average person thanks to the progressive nature of taxation. The top fifth of households got 54% of all income and paid 69% of federal taxes; the top 1% got 16% of the income and paid 25% of all federal taxes, according to the CBO. These statistics are skewed because the government benefits such as Social Security, food stamps, and welfare are never part of the analysis. The Marxists try to focus only on the remaining income for taxes and behind closed doors think it all belongs to them. It’s only a question of what they allow the great unwashed to retain.
Once again showcasing the strategic success of the Trump Doctrine: focusing on economic security as a tool for national security – President Vučić of Serbia and Prime Minister Hoti of Kosovo joined President Trump in the oval office today to sign a joint statement of economic cooperation between the two nations. Truly a remarkable accomplishment.
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[White House] – Statement by the President Regarding Economic Normalization between Serbia and Kosovo
Today, I am pleased to announce yet another historic commitment. Serbia and Kosovo have each committed to economic normalization. After a violent and tragic history and years of failed negotiations, my Administration proposed a new way of bridging the divide. By focusing on job creation and economic growth, the two countries were able to reach a real breakthrough on economic cooperation across a broad range of issues.
We have also made additional progress on reaching peace in the Middle East. Kosovo and Israel have agreed to normalization of ties and the establishment of diplomatic relations. Serbia has committed to opening a commercial office in Jerusalem this month and to move its embassy to Jerusalem by July.
It has taken tremendous bravery by President Vučić of Serbia and Prime Minister Hoti of Kosovo to embark on these talks and to come to Washington to finalize these commitments. By doing so, they have made their countries, the Balkans, and the world safer. I look forward to seeing Serbia and Kosovo prosper as we work together on economic cooperation in the region going forward.
President Trump has been executing a foreign policy, a clear doctrine of sorts, where national security is achieved by leveraging U.S. economic power. It is a fundamental shift in approaching both allies and adversaries; summarized within the oft repeated phrase: “economic security is national security.”
The Trump Doctrine of using economics to achieve national security objectives is a fundamental paradigm shift. Modern U.S. history provides no easy reference.
“Peace is the prize” ~ President Donald Trump
The nature of the Trump foreign policy doctrine, as it has become visible, is to hold manipulative influence agents accountable for regional impact(s); and simultaneously work to stop any corrupted influence from oppressing free expression of national values held by the subservient, dis-empowered, people within the nation being influenced.
There have been clear examples of this doctrine at work. When President Trump first visited the Middle-East he confronted the international audience with a message about dealing with extremist influence agents. President Trump simply said: “drive them out.”
Toward that end, as Qatar was identified as a financier of extremist ideology, President Trump placed the goal of confrontation upon the Gulf Cooperation Council, not the U.S.
The U.S. role was clearly outlined as supporting the confrontation. Saudi Arabia, Kuwait, Egypt, Bahrain and the United Arab Emirates needed to confront the toxic regional influence; the U.S. would support their objective. That’s what happened.
Another example: To confront the extremism creating the turmoil in Afghanistan, President Trump placed the burden of bringing the Taliban to the table of governance upon primary influence agent Pakistan. Here again, with U.S. support. Pakistan is the leading influence agent over the Taliban in Afghanistan; the Trump administration correctly established the responsibility and gives clear expectations for U.S. support.
If Pakistan doesn’t change their influence objective toward a more constructive alignment with a nationally representative Afghanistan government, it is Pakistan who will be held accountable. Again, the correct and effective appropriation of responsibility upon the influence agent who can initiate the solution, Pakistan.
The process of accurate regional assignment of influence comes with disconcerting sunlight. Often these influences are not discussed openly. However, for President Trump the lack of honesty is only a crutch to continue enabling poor actors. This is a consistent theme throughout all of President Trump’s foreign policy engagements.
The European Union is a collective co-dependent enabler to the corrupt influences of Iran. Therefore the assignment of responsibility to change the status is placed upon the EU.
The U.S. will fully support the EU effort, but as seen in the withdrawal from the Iran Deal, the U.S. will not enable growth of toxic behavior. The U.S. stands with the people of Iran, but the U.S. will not support the enabling of Iranian oppression, terrorism and/or dangerous military expansion that will ultimately destabilize the region. Trump holds the EU accountable for influencing change. Again, we see the Trump Doctrine at work.
Perhaps the most obvious application of the Trump Doctrine is found in how the U.S. administration approached the challenging behavior of North Korea. Rather than continuing a decades-long policy of ignoring the influence of China, President Trump directly assigned primary responsibility for a reset to Beijing.
China held, and holds, all influence upon North Korea and has long-treated the DPRK as a proxy province to do the bidding of Beijing’s communist old guard. By directly confronting the influence agent, and admitting openly for the world to see (albeit with jaw-dropping tactical sanction diplomacy) President Trump positioned the U.S. to support a peace objective on the entire Korean peninsula and simultaneously forced China to openly display their closely-guarded influence.
While the Red Dragon -vs- Panda influence dynamic is still ongoing, the benefit of this new and strategic approach has brought the possibility of peace closer than ever in recent history.
No longer is it outlandish to think of North Korea joining with the rest of the world in achieving a better quality of life for its people.
Not only is President Trump openly sharing a willingness to engage in a new and dynamic future for North Korea, but his approach is removing the toxic influences that have held down the possibility for generations. By leveraging China (through economics) to stop manipulating North Korea, President Trump is opening up a door of possibilities for the North Korean people. This is what I mean when I say Trump is providing North Korea with an opportunity to create an authentic version of itself.
♦The commonality in these foreign policy engagements is the strategic placement of responsibility upon the primary influence agent; and a clear understanding upon those nation(s) of influence, that all forward efforts must ultimately provide positive results for people impacted who lack the ability to create positive influence themselves.
One of the reasons President Trump is able to take this approach is specifically because he is beholden to no outside influence himself. It is only from the position of complete independence that accurate assignments based on the underlying truth can be made; and that takes us to the ultimate confrontations – the trillion dollar confrontations.
A U.S. foreign policy that provides the opportunity for fully-realized national authenticity is a paradigm shift amid a world that has grown accustomed to corrupt globalists, bankers and financial elites who have established a business model by dictating terms to national leaders they control and influence. We have our own frame of reference with K-Street lobbyists in Washington DC. Much of President Trump’s global trade reset is based on confronting these multinational influence agents.
When you take the influence of corporate/financial brokers out of foreign policy, all of a sudden those global influence peddlers are worthless. Absent of their ability to provide any benefit, nations no longer purchase these brokered services.
As soon as influence brokers are dispatched, national politicians become accountable to the voices of their citizens. When representing the voices of citizens becomes the primary political driver of national policy, the authentic image of the nation is allowed to surface.
Fortunately we are living in a time of great history, and we have multiple examples surfacing around the world. National elections in Poland, Hungary, Italy, Brazil and right here in the U.S. via Donald Trump highlight responses to dysfunctional multiculturalism and financial influences from corrupt elites within the institutions of globalist advocacy: The International Monetary Fund (IMF), the World Bank, and the World Trade Organization (WTO).
Globalism can only thrive amid a class structure where the elites, though few in number, have more controlling power over the direction of government. It is not accidental the EU has appointed officials and unelected bureaucrats in Brussels as the primary decision-making authority.
As the Trump Doctrine clashes with the European global elite, the withdrawal of the U.S. financial underwriting creates a natural problem. Subsidies are needed to retain multiculturalism.
If a national citizenry has to pay for the indulgent decisions of the influence class, a crisis becomes only a matter of time.
Wealth distribution requires a host.
Since the end of World War II the U.S. has been a bottomless treasury for EU subsidy. The payments have been direct and indirect. The indirect have been via U.S. military bases providing security, the NATO alliance, and also by U.S. trade policy permitting one-way tariff systems. Both forms of indirect payment are now being reversed as part of the modern Trump Doctrine.
The Bureau of Labor Statistics (BLS) highlights the August jobs report today and both measures (Household Survey and Establishment survey) show a remarkable recovery underway from the COVID-19 crisis. Overall, 1.4 million jobs were recovered and the national unemployment rate drops to 8.4%.
Most economists did not predict the unemployment rate would drop into single digits until next year. However, the historically accurate household survey shows 3.8 million people recalled, returned or found jobs; with 2.8 million saying they were no longer unemployed.
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Despite the ongoing challenges there is good news for the most heavily impacted sectors of the economy: leisure and hospitality. Well over half of those jobs lost have been recovered. In the past four months 3.6 million jobs have been gained in this sector. Employment in food services and drinking places is still down by down by 2.5 million since the peak in February but the gain is significant and reflects a “V-shaped” recovery ongoing.
All sectors of the economy are gaining jobs back at a remarkable rate; and the key demographics are benefiting in proportion to the initial COVID-19 impact. [BLS Report HERE] With the expiration of the “extra” federal unemployment benefits at the end of July, the negative incentive has been removed; more people are stepping back into the workforce.
“This was a strong report that shows the recovery remains on track,” said Joel Naroff of Naroff Economic Advisors. “The labor market has come back faster than expected and we are seeing improvement in all segments of the economy and the workforce.” (MSM Link)
The Democrats putting forth legislation to create the Digital Dollar. This is all part of 5G so there can be instant payments that are required when it comes to eliminating paper money. This is the goal to ensure people pay taxes and to eliminate the underground economy. Interestingly, the illegal aliens they defend so much work for cash under the table. Anyone without a Social Security number will be prohibited from working. But what the heck. They will get 110% of the taxes they think people do not pay.
Back in rally mode, tonight President Donald J. Trump will be holding a campaign rally at Arnold Palmer Regional Airport in Latrobe, Pennsylvania. President Trump is expected to speak at 7:00pm ET with pre-rally speakers beforehand.
Anyone who has seen my cartoons knows I support Trump and his re-election. Biden and Kamala would be a disaster for our country. However, I don’t always agree with the president and before we at GrrrGraphics begin producing a Republican Convention cartoon extravaganza, I thought I would temper it with a bit of criticism.
When Trump brags about the stock market going up and making new highs, I cringe. This is not a healthy stock market based on logic, earnings, or a healthy economy. The market has disconnected itself from capitalism and a true value discovery.
What’s really going is a Federal Reserve takeover of our economy. What we’re seeing is a monumental transfer of wealth from the have nots to the haves. It widens the gap between a few money lords and the vast majority of We, The Serfs. Before you say I sound like Bernie Sanders, this isn’t about class warfare, but it is about destroying what’s left of the middle class. It makes it easier for the illuminati and their point man, George Soros, to usher in their tyrannical socialism.
Leaving no good crisis unused, they’re leveraging the ‘plannedemic’ to help globalist corporations get fabulously wealthier and more powerful while the smaller businesses—the Mom and Pop middle class–are crushed. The Fed has poured in nearly $7 trillion into the stock market this year alone–and while it does help out those with 401ks as Trump says, it mostly helps those at the very top of the pyramid the most. Amazon’s Bezos has raked in countless billions of dollars has his company makes new highs. Apple has a two trillion dollar market cap. Tesla has the largest market cap of any auto company, even if their sales don’t justify it. Elon Musk is favored by the “Green New Deal” illuminati, so he gets propped up while competition gets stamped out.
The Federal Reserve, in a fascistic manner, gets to funnel money toward favored companies while revenue for small businesses is down 30 percent. The Fed creates money from thin air and keep ‘their’ stock market bull moving up, thus making the fabulously wealthy central bankers and the handful of powerful families at the top who own the Fed gets fabulously wealthier and more powerful. The top 1 percent already owns nearly 40 percent of the stock market. The rest of us get to pay for the bubble through inflation. Have you noticed how expensive food has become? Yet we don’t get to share in the money-glutted stock market. Has the Fed sent you a share of Amazon or Apple? Of course not. Yet we pay for their robbery through the massive creation of debt. It’s always the same—the powerful screw over the powerless. We’ve already passed the point of no return with the national debt (now nearing $27 trillion) and every few seconds another $100,000 is added to it.
Many Americans can’t afford to participate in the stock market bubble. They’re too busy worrying about how to pay their rent while the rich are getting incredibly richer by ill-gotten means. This is something Trump should consider before he brags about new stock market highs.
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
Anyone who thinks that this has not been orchestrated is delusional. I warned that our computer picked up this plot beginning in late August 2019. European politicians have gone along with Gates for one reason. The Repo Crisis began because Merkel publicly made it clear that there would be no bank bailouts in the Eurozone. That was because of the Italian banking system. But then Deutsche Bank was in trouble and she has to maintain that same policy.
Centinel2012 