Many people have written in asking what is the future of the markets. While in any election, it is presumed that the right to vote belongs only to the citizens who are alive, there has always been a second vote. That second vote is carried out by international capital. As I have explained many times, the DEFINITION of a bull market is one that rises in terms of ALL CURRENCIES!
The Japanese bubble of 1989 was the same as the 1929 bubble in the USA. You can see that the Nikkei rose in value more so in dollars than in yen because the yen was rising. This is what made the bubble. Everyone was there. When the market broke, capital fled. This is now what we must sort out.
It really does not matter who you voted for, if you cannot look at the markets objectively regardless of what you think, then you will lose. All that matters is how capital will respond. Already people are looking at boycotting not just Facebook and Twitter in mass, but all companies that say they will stop all donations to any republican like Coke.
First came Obama driving a truck straight through the Constitution by calling for the Fundamental Transformation of America, when only he, a community organize-cum-president was making that clarion call.
Next came his 20-year-tenure pastor declaring “God damn America!”
During the 2008 election, Obama threw his pastor under the bus —a political necessity in getting himself elected as the most anti-American president in all of history.
Obama gets to operate from the safety of “Resistance” leader in hiding, with full Secret Service backup
Now that Obama gets to operate from the safety of “Resistance” leader in hiding, with full Secret Service backup, he’s now saying that the Rev. Jeremiah Wright is a “supremely gifted preacher”. “Trinity United Church of Christ, obviously, outside Chicago had an amazing ministry, still does.”
According to sanctimonious Obama, Wright was only taken out of context by the media.
How can “God damn America!” possibly be taken out of context?
The truth is that things have never been the same in America ever since a ribald lie in Christoper Steele’s dossier—financed by presidential candidate Hillary Clinton—including that “racist”, “bigoted” Donald Trump once had prostitutes urinate in the same bed once slept in by Barack and Michelle Obama was accepted as Gospel truth.
Now we come all the way up to Democrat Rep. Emanuel Cleaver who opened the Freak Show known as the first day of the 117th Congress with a prayer ending with “Amen” as “a-woman”.
A Missouri Rep., and former Kansas Mayor, “Reverend the Honorable Emanuel Cleaver was elected when a United Methodist pastor, Cleaver shares much in common with the Rev. Mr. Wright. While Wright is an advocate of Louis Farrakhan, Cleaver is an advocate of the Black Panthers movement?
Here is “a-Woman” Cleaver’s Wikipedia entry:
“Cleaver is a cousin to exiled Kansas City Black Panther leader Pete O’Neal. In 1997, Cleaver attempted unsuccessfully to obtain a pardon for O’Neal from President Bill Clinton. Cleaver is also a cousin to the late Eldridge Cleaver, another famous figure in the Black Panther Party.” (Wikipedia)
With no respect for God, country or family and now hideously drunk with power
With no respect for God, country or family and now hideously drunk with power, Inauguration-bound Democrats are playing not only fast and loose but “cutesy” these days.
Granny Nancy Pelosi, who just squeaked back into the House ‘Squeakership’ with the votes of 3 Covid-19 stricken or quarantined Democrats behind Plexiglass, is wiping out all forms of address she claims will reflect on gender neutrality.
In other words, you can no longer call the ‘person’ who carried you for nine months before bringing you to life on Earth, Mother anymore—and only Nancy Pelosi—but not anyone else can refer to her as “Granny”.
The first sheep to bleat in Pelosi’s pasture is Black Panther advocate the Rev. Mr. Cleaver, who replaced the word ‘Amen’ with “a-woman”.
A common English translation of the word “Amen” include “verily”, “truly”, and “so be it”. It’s not a gendered word.
“Missouri Rep. Emanuel Cleaver, a Democrat, delivered the opening prayer on the first day of the 117th Congress on Sunday that started with a hint of yearning for less political division. (Washington Examiner, Jan. 3, 2020)
“Eternal God, we bow before your throne of grace as we leave behind the politically and socially clamorous year of 2020,” Cleaver said. “May we model community healing, control our tribal tendencies, and quicken our spirit.”
But at the end, Cleaver injected a political statement.
“Amen, and a-woman,” he said.
What “woman”? The word has just been totally wiped from the public lexicon!
“The inclusion of “a-woman” came as Democrats are proposing a rule change that replaces the use of words like father, mother, son, daughter, brother, sister, uncle, aunt, and more with gender-neutral words. Democrats defended the measure on Sunday amid Republican criticism. (Washington Examiner)
Meanwhile In the myriad of words cancelled by Democrats is the Latin one that best describes Democrats of the day.. That word is “ignoramus”.
“Calling someone an ignoramus is an insult — it’s a colorful way to comment on a person’s ignorance or stupidity. The word comes right from the Latin ignoramus, literally “we do not know,” which was a legal term in the 16th century that could be used during a trial when the prosecution presented insufficient evidence.” (Vocabulary.com)
QUESTION: Martin, Thanks for a great report on your private blog regarding population and cycles. These Great Reset people are killing the whole world! As an American who has lived in China since 1996, and has followed you since your incarceration, I am a huge believer in cycles and a student of Asian philosophy and martial arts.
I am however having problems reconciling your prediction of the center of Finance moving to China with what I am currently seeing. Please tell me what I am overlooking. Yes, I understand that the west is going to decline compared to its current state while China rises but there still needs to be certain structures in place.
To get the power to shift to a different country you need:
Stability (China has this)
Innovation; “the parent of prosperity” ( Money tends to follow innovation and this requires an environment where people are free to tinker and the government does not overly tax or try to assume too much control) It’s a bottom-up process that has not been part of China since the Song Dynasty. So if they are returning to the Innovative Song dynasty they need to rule like the Song did. China has been going away from this since Xi came to power. Locking up its entrepreneurs or stealing their innovations and giving them to their National Champions. If this idea of National Champions had happened in the US we would still be using rotary dialed phones and driving Edsels!
Rule of Law: i. Bankruptcy China asked AmCham and other chambers to help to rewrite its bankruptcy law to enable capital to be quickly redeployed. I have helped to take a few companies through bankruptcy and they still have a very long way to go before capital can be efficiently redeployed. ii. Contracts are enforced by the Chinese government on foreign companies but there is no practical way to enforce them on the government.
Markets i. Credit markets The markets are not open to the public ii. Capital Markets. For every sin, that we read about on Wall Street my contacts inform me that China is two to three times worse. Ponzi and Madoff are alive and well in China.
FX and convertibility of the Chinese Yuan (The capital account is currently not open to the capital markets)
What am I missing? Thanks in advance to you and your team for addressing this issue.
ANSWER: This is not a personal forecast. But keep in mind that the time frame is post-2032, which will actually be after 2037. So a lot can change between now and then and Xi Jinping will be 84 in 2037. The most critical factor is the rule of law. If that is not definitive, you cannot write any contract because there is no way to enforce it. The culture of copyright infringement was prevalent in Hong Kong where people would come visit offices with knock-off Rolex watches to Gucci bags. A lot needs to change, but the decline from the West is critical. What we are witnessing with this Great Reset is the desperate attempt to keep the governments in power which will only lead to fragmentation. So China simply will become #1 because the West will break apart.
The tyranny of this Triumvirate is to rule the world from the United Nations. China will not surrender to this absurd tyranny. But in the process, they will indeed destroy the very consumer-based economy that was so critical to world peace. Neither China nor Russia will surrender to this tyranny.
Moreover, China moving to a digital currency is also to bypass SWIFT. They will create their own financial network that in the years ahead will be an alternative to the West rather than subordinate to the West. China is well aware that the core of the US economy is the consumer market. They are intent on developing that and this is how they surpass the USA as it stupidly allows the Triumvirate to destroy the foundation of the Western economy. They will surpass the USA in e-commerce.
We have issued a special report on the Sovereign Debt Crisis and why we even have this Great Reset and where we are headed. This report provides also a historical review of previous sovereign debt defaults and what was the outcome. Some people try to claims that this is the precursor to revolution. That only reveals that they are engaging in sophistry for that is by no means the routine outcome. There have been serial defaults by many nations even in Europe such as Spain and Greece. The Roman Empire never had a national debt. So those claiming the debt default produces revolution is just not true. Historically, there were no pension funds and rarely were there social programs before the Great Depression. We have to set the record straight in order to truly understand what lies ahead.
QUESTION: Are the central bankers really behind this digital currency? Will that end the dollar as the reserve currency?
Thank you for sharing your experience.
ANSWER: No the central bankers are NOT the instigators. It was Christine Lagarde who when at the IMF was threatening counties they would be blocked from Swift if they did not give up all those who had accounts in these tax havens. Germany went as far as to violate Swiss law and paid bribes to bankers to leak the records of the firms they worked for, which not even Hitler went that far. The entire digital currency idea was pushed by Christine Lagarde while at the IMF. But look closely, she is also a board of trustee member of Schwab’s World Economic Forum along with the new head of the IMF Kristalina Georgieva. It was Schwab who got Legarde put into the IMF and then he put her in the central bank. He then had Georgieva put into the IMF.
People who always point to the central bankers really do not know what is going on behind the curtain. Schwab is in league with Bill Gates and George Soros. Gates was pushing the digital currency at the United Nations. Melinda Gates was pushing the digital currency at the G20. It was Gates directing Modi to cancel the currency in India and he did so without ever telling the central bank in advance!
All this nonsense that we are moving to this digital currency system that will dethrone the dollar is just laughable. The three main elements that are the reason why the dollar is the reserve currency has been
the US never canceled the currency,
there are no capital-controls so anyone can issue bonds in dollars worldwide, and
the US has the world’s largest consumer economy which has funded the rise of China, Russia, Japan, and Germany along with all of Europe.
A digital currency does not override any of that. China knows what is unfolding and they are doing two main strategies that will impact the dollar long-term – not short-term.
They are building their own consumer economy to reduce reliance on the West
They are developing their digital currency to REPLACE the Swift system
This conspiracy against the central banks has been going on a long-term and to me, it just seems to be a diversion to keep people looking in the wrong direction. I have worked with more central banks around the world than probably any independent analyst/adviser. I do not talk about theory – it comes from experience!
A number of people have asked for a confirmation of the array analysis. Here you can see that the Turning Point was November, and then we have Jan/Feb. Not that we have back-to-back Directional Changes in November and December. Whenever the Directional Change aligns with the Turning Point, that is a very important combination indicating a significant target. Volatility will start to rise in December and scale into a Panic Cycle by next June.
Many people have asked WHAT is behind the fact that gold declined and Bitcoin rallied. It appears to be the same trend that we saw coming out of China. It is not that Bitcoin is better than gold, as many are asking, but it seems to be a means to move money across borders outside of simple bank wires. With the world in absolute chaos, forget hyperinflation. There is a far greater risk of the government canceling currencies and they want to cancel the debt. They have reached the end of the rope and what is left is about to break. This wild theory of hyperinflation is just not plausible. They cannot keep finding by borrowing. This is what the Great Reset is all about — altering the entire system because it is about to collapse anyway.
Global debt is exploding thanks to the deliberate COVID-19 manufactured crisis. It is approaching $280 trillion going into year-end. We should no longer call it even debt because at this point, they are just creating the money and the central banks are buying it. Moreover, there is ABSOLUTELY no intention whatsoever to pay back anything.
Here is Trudeau, PM of Canada, who completely misrepresents the debt, and refuses to answer the question simply saying interest rates are at historic lows. They have created this crisis in order to default on the debt using the Coronavirus scam as their excuse. I cannot stress enough, GET OUT OF ALL GOVERNMENT DEBT ON ALL LEVELS – PERIOD!
Meanwhile, Trudeau has committed Canada to the World Economic Forum’s Agenda 2030.
COMMENT: I admit I have been a gold bug and I bought into Bitcoin. I have been following Socrates since you began forecasting Bitcoin. I want to say that it has convinced me that these fundamental forecasts are just like fake news. When Socrates said gold would decline and then Bitcoin would rise, that made no sense but it was right. All they talk about is how hyperinflation will take place when the dollar loses its reserve status. Socrates is a real gift to us all. I think it is time to take it public to fight these Silicon Valley terrorists trying to change our future.
ANSWER: Socrates just calls the shots as they unfold without bias or predetermined philosophy. I think what you have noticed between gold and bitcoin is interesting. Buffett sold his bank shares and first moved to gold shares. Warren Buffett’s Berkshire Hathaway bought a stake in Barrick Gold in the second quarter. The total stake in Barrick Gold was worth about $564 million. Then Buffett sold 9 million shares of ABX trimming the position 44% from Q2. Buffett also sold off Wells Fargo (WFC), JPMorgan Chase (JPM), PNC Financial Services, and M&T Bank, according to reporting by Yahoo Finance. The company also dropped its entire position in Costco.
Buffett, along with Bloomberg, is one of ABC News’ the “Super Rich Friends” and forget about his buying into gold and then selling it out. More importantly, he has been liquidating the bank stocks. This is what I have been warning that BigTech is moving in to replace banks. Don’t forget that Gates resigned from Berkshire to try to hide his influence from investment decisions behind Buffett. It has been Bill Gates calling for 10 more weeks of back in April lockdown! Bill Gates resigned both from Microsoft and Warren Buffet’s boards. It has been Bill Gates pushing to eliminate paper money and move digitally.
This is a coordinated effort with the World Economic Forum taking the visible lead. This is how all MANIPULATIONS take place. One person is upfront and gets all the press like Soros and the British pound. But there is a group with all the same positions. When the Long-Term Capital Management Crisis hit in 1998, it turned into a global liquidity crisis BECAUSE they all had the same position – Russian bonds. This is Klaus Schwab up front but all of BigTech is right behind him. Schwab has been cultivating heads of states to sell his Stakeholder Economics. He is an elitist and destroying the world economy to rebuild it from scratch in his mind is perfectly fine just hand out a guaranteed basic income as they are doing in the UK and in Canada to stay home.
There is probably no pope in history who has been so disliked than the current Pope Francis. He is clearly a communist and full on board with the Great Reset. This Pope is a real disgrace. He is preaching economics rather than the faith and is agreeing with Bill Gates and Klaus Schwab on everything from inequality to vaccinations. As even Forbes pointed out, this Pope came out with a “lengthy statement (entitled Evangelii Gaudium) in which one section called income inequality an injustice.” There is an uprising even brewingwithin the Catholic Church because this Pope is really preaching communism. “In an unprecedented move, faithful Catholics are calling for resistance against “the policies pursued by Pope Francis that threaten the West’s integrity, security and cultural identities.”
Many are point to a prophecy by an Irish saint of how many popes there would be. The prophecies of the Irish Saint Malachy, the 12th-century bishop of Armagh, have thrilled and dismayed readers for centuries. He has stated there would be only one more pope after Benedict, and during his reign comes the end of the world. So Francis could be the last. It certainly seems that this Pope is doing everything against the basic faith.
Wow, you want to say great job U.S. Marshals Service… but then you think about what exactly they are being thanked for, and “great job” seems prayerfully inappropriate.
Ohio State Attorney General, Dave Yost, has announced the results of a 50 agency anti human trafficking operation called “Operation Autumn Hope”, and while the results are excellent the underlying evil is almost unimaginable.
45 missing children were physically recovered in the Ohio operation along with 109 human trafficking survivors. [Media]
(Columbus Ohio) – […] “The success of Operation Autumn Hope is measured not only in the number of arrests but in the lives that were rescued from this evil,” Yost said. “Every agency on this team looks for the day when no person is bought and sold in Ohio. Don’t buy sex in Ohio!”
During the operation, the Central Ohio Human Trafficking Trask Force, Columbus PACT Unit and the Cuyahoga County Human Trafficking Task Force rescued 109 human trafficking victims and referred them to social services.
“These vulnerable members of our population usually slip through the cracks,” said Sgt. Dana Hess, director of the Central Ohio Human Trafficking Task Force. “This operation highlighted the vast number of potential victims and allowed law enforcement the opportunity to make contact and link them to services.”
Sondra Miller, president and CEO of the Cleveland Rape Center, whose agency was part of the social services network prepared to aid the rescued victims, said: “Survivors of rape and sex trafficking deserve to be believed and have access to justice. By holding offenders accountable and reducing demand for human trafficking, this operation prevented many others from being harmed.”
Across southern Ohio, 76 missing and exploited children cases were cleared, including 45 by physical recovery by the U.S. Marshal’s Service.
Among those missing included a 15-year-old girl missing from Cleveland whose recovery linked her and other possible victims to an individual in Columbus suspected of human trafficking; a 15-year-old male with two warrants who is a suspect in multiple shootings and a homicide; and a 14-year-old girl who was reported missing by the Lancaster Police Department who was recovered in Columbus within six hours of being reported missing. (read more)
The Justice for Victims of Trafficking Act of 2015 enhanced the U.S. Marshals’ authority to assist federal, state, and local law enforcement with the recovery of missing, endangered, trafficked or abducted children, regardless of whether a fugitive or sex offender was involved. The U.S. Marshals Service established a Missing Child Unit to oversee and manage the implementation of its enhanced authority under the act.
President Trump, former AG Jeff Sessions and current AG Bill Barr have unleashed the USMS to support their new authorities; they have been delivering strong results.
It must be remembered these operations have been taking place all over the country with the U.S. Marshals Service (USMS) coordinating the cross-state agency efforts: Operation “Not Forgotten” rescued 39 children; Operation “Safety Net” recovered another 35; and now Operation “Autumn Hope” rescues another 45 missing children.
“This operation, with the cooperation of the law enforcement agencies, social services, and non-governmental organizations, has brought to the forefront the realities of human trafficking and the exploitation of trafficking victims. Together, Homeland Security Investigations (HSI) and its partners will continue with its victim-centered approach and ensure that traffickers, here in Ohio and beyond, face justice for their criminal acts.”
~ Vance Callender, Special Agent in Charge for HSI in Michigan and Ohio
Meanwhile, last week the U.S. Department of Homeland Security launched the first ever national Center for Countering Human Trafficking (CCHT), and DHS Secretary Chad Wolf held a 30 minute press availability (remarks here) to announce the new federal agency.
The DHS press release is HERE and the White House press release is HERE. However, in a stark example of how liberal media refuse to discuss this topic, after the announcement not a single media reporter asked a question about why this national center was so urgently needed. The media just got up and walked out.
Great work in Ohio by the U.S. Marshals Service. There is some slight solace in knowing we have at least one federal law enforcement institution effectively working on behalf of our nation. The politically disinterested politicians, and their media bootlickers, should be ashamed of their lack of forceful engagement on this issue.