Why Do Presidents Need Memorial Libraries to Celebrate Accomplishing Nothing?


A lawsuit has been filed to stop Chicago from taking a park to build the Obama Center as if every president warrant such a thing when all he did is miss 65% of his security briefing to play golf. It is such a joke that every president get to build a huge center to celebrate their accomplishments even when they accomplished nothing. Why would you need a huge library when most of the documents are classified anyway. It just becomes another propaganda center to rewrite history.

If these people need such things, then there should be one building in Washington where all presidents get to put on their show. Like Disney’s Hall of Presidents, they can even have a robot deliver their speech every day in their voice to visitors if anyone shows up.

I use to stop by Ben Franklin’s tomb in Philadelphia when I was in town and had the time. There was no huge building for a personal library and he was a man who really contributed to everything that put reality in the word “freedom” as well as “liberty for all”. He requested no fancy grave. He was a humble man in the end.

Then there is the tomb of Thomas Jefferson, which too wrote. Note that he did not even mention being President of the United States.  To him, being the author of the Declaration of Independence was the most important accomplishment of his life. He too did not need a huge library to celebrate that accomplishment.

I just do not see why Obama needs to take away a park in a crowded city for his personal legacy that really accomplished nothing in the end but hardship.

Understanding TIME is the Key to How the World Works


COMMENT: I fully agree with the comment on the different time levels. I encountered a critic who said you were wrong on the euro. When I said I made money using your model and followed the buy signals he looked at me as if I was lying. They judge you like everyone else in this one-dimensional way. They either lack the intelligence to grasp what your model does or they are too lazy to even look at the market watch. So it is easier to say you are wrong so they do not have to admit they are incapable of understanding how the world works.

Thank you so much for opening my mind

Cheers

REPLY: Those type of people cannot be helped. They will never advance because they are not interested in observing. This is the same problem in analysis. People begin with a predetermined conclusion and then they look for facts that support it. Comprehending TIME is incredibly important. The WEC events are all about trying to reveal the world and once you see the interconnections, you can trade with confidence rather than ignorance.

If you are not truly curious about what makes the world tick, then you will never discover how it works and remains in a one-dimensional world incapable of distinguishing the counter-trend moves from a real change in trend, which is more likely going to wipe you out

The Hong Kong Peg under Attack


QUESTION: Mr. Armstrong; The Hong Peg is under fierce attack. You said at the Hong Kong WEC that the peg would break but not before 2018. Are we getting close?

See you in Singapore

PB

ANSWER: Yes. They are spending almost $2.5 billion per week to defend the currency. No peg will stand. This is a Monetary Crisis Cycle. We will be looking at this issue in Singapore. Welcome to the Monetary Crisis Cycle which is beginning right on schedule. Trading against peg can be the best-guaranteed trade of all. We will go over this for the attendees

Understanding the Fractal Nature of TIME


COMMENT: I attended your 2015 WEC where you laid out the future for the euro. I was skeptical, to say the least. All these people constantly focus on the dollar. Then your model gave buy signals on the euro and you said it would then rally into 2018 and that could form the slingshot down. It came close to your target and now here in France, the government has warned of a euro crisis blaming Italy. I attended your euro conference in Frankfurt and again you explained why the euro would decline.

I have come to understand that your model is really split into timing levels. I think you need to explain that better because the rest of us are used to what you would call I guess a flat forecast that is not relevant to the time. Just a suggestion. But a lot of people do not catch on that you can forecast the long-term yet also provide the forecast for the short term counter-trend moves.

I can’t make Singapore but will be there in Orlando.

merci et bonne chance

PV

REPLY: Thank you for the perspective. You are probably correct. The very reason why we are one of the largest institutional advisers in the world is because we can forecast not just time, but distinguish the short-term from the long-term. I suppose it can get confusing when the long-term warns the euro is crashing and yet you have a 13-month rally which is also necessary to create the energy for the resumption of the decline. This is how the energy in a market is created for the opposite direction.

It is always the false counter-trend move that creates the energy to swing back the other way. We did elect a Quarterly Bearish Reversal at the end of the 1st quarter 2018. That confirmed the counter-trend rally was over. On the weekly level, it was 57 weeks up to the February high.  There we were electing Weekly Bullish.

Take gold. Here too the line the model drew was 1362 on a monthly level and 1341 on a quarterly. Gold would crash at the end of every quarter to avoid a buy signal. Likewise, it just could not get through the 1362 number. This also confirmed the position with the dollar that was reflected in the Euro.

You are correct that 99.9% of forecasts are flat one-dimensional. Our model enables big players to sort out the small counter-trend moves from the point where you have to flip a major portfolio in the billions. How you trade personally and for huge size is totally different. OPINION will not cut it. It has to be black and white. We must reduce it to a specific number and then the targets in time.

I suppose you are correct. I do not explain this difference between our forecast and everyone else in sufficient detail over the course of events.

What Fields Will Survive Going Forward?


QUESTION: Hi Martin,

You are a clever man and all the best to you.  I am a 43 yr old man that is still looking for his way in life.  In short, knowing what you know, what business would you strive to get into?

I am purely looking for some sound advice as everyone is busy doing what they are doing.  Basically, any knowledge you would part with would be excellent, as I have no father figure to turn to.

Confused, is the word.

I know you are not a counselor, however, what advice would you give to your kids etc?

All the best,

Charlie

ANSWER: First of all, you have to pick a field that interests you. If you enjoy what you do, you will be good at it. If you are asking what business to start, you have to pick a field that is new or has little competition. You obviously would not try to start a smartphone company when you have giants who dominate the field. If you have a revolutionary idea, then you can start that and look to be taken over by one of the big boys.

It is all about what you enjoy. The economy is turning toward technology. Learning skills in programming will be the leading industry for the decades ahead. Fields that a labor-intensive will survive. such a construction. However, services, in general, can suffer where computers can replace that sort of employment. Keep in mind that as governments raise taxes, they put the lower levels out of employment. This trend has also tended to hit the very high end as well.

As technology advances, it will always displace sectors of employment. The combustion engine led to tractors and farm equipment so employment fell from 41% of the civil work force in 1900 to just 3% by 1980. Service jobs are being replaced by the internet every day.

As long as Cryptocurrencies remain Assets – Then they will Survive a Monetary Crisis.


 

QUESTION: You originally said back at the 2015 WEC the first window for the monetary crisis and the collapse of the Euro could arrive by 2018 and then the cycle was extended into 2021 when the Euro finally elected a weekly bullish. So it appears correct that 2018 is the start as the Euro never reached your target but came close and the EU seems to be coming apart at the seams. Gold could never get through your 1362 number either so that too seems to have confirmed a false move extending your cycle into 2021. I understand that cryptocurrencies are really an asset class and not really a currency. Nevertheless, do you think that cryptocurrencies can survive a monetary crisis?

WN

ANSWER: The year 2018 was the start of the Monetary Crisis. We had a shot that this could all come undone in 2018. However, you are correct. All we achieved was a false rally with the Euro stopping just shy of our number and gold struggled admirably but could not get through 1362. There were many other markets also confirming that we are dealing with only the beginning of the crisis here in 2018 rather than the conclusion including the consolidation in the stock market without election any monthly bearish reversals. The monetary reset can arrive during the next window in time come 2021 if we get the dollar at new highs. Then the monetary system will crack. However, this could drag out to the third window which is of course 2032. That appears to be more the shift of the Financial Capital of the World to China at that time.

These are the turning points. The Reversals are the key which confirms or denies the trend. My opinion as to the future is still an opinion. I will say this. As long as cryptocurrencies are an asset class, then they will survive a monetary crisis along with all other assets. Assets are the ONLY thing that survives the collapse of a currency. So be careful of what you wish for.

The new currency issued after the German Hyperinflation, Rentenmark, was backed by real estate. Tangible assets are on the opposite side of whatever the currency is in use. When the stock market rises, the purchasing power of the currency declines. When the stock market crashes, then the purchasing power of the currency rises. They are on OPPOSITE sides. Do you really want a cryptocurrency to be a currency or asset? Most people pitching them are really explaining an alternative asset – not a currency.

Cryptocurrencies are a new asset class. Just look at them from that perspective. You are asking a lot if we are talking about replacing the monetary system with private money. That is just not likely in the cards. Nonetheless, we will probably end up with a new RESERVE currency used among nations. That is still unlikely going to be a world currency used by the people in every country. What we use for currency can be cryptocurrencies of some sort ONLY if we see the political powers crumble and fall.

None of the big IT companies are doing anything with Blockchain. That may change in the future and it may even be replaced by something even better. I draw the line between an asset class and a replacement currency for the dollar with a very thick marker. You would have to completely destroy the system as is for that to even come into play. Is that what people are praying for? All pensions gone, banks destroyed and you think this cryptocurrency will be the only thing to survive? You go that far the ONLY money becomes FOOD! We are still in mid-game and we are not yet close to the end-zone.

For now, cryptocurrencies are not a currency at all, they are a new asset class. Just because they are called “currency” does not make them an actual currency. If they are not widely accepted in payment as legal tender, then they are not yet ready for prime time. When you go online to buy anything, they display the standard payment methods – not BitCoin.

You buy insurance for healthcare, fire, accident, but when it comes to death insurance, they flipped the name to life insurance. They could not sell “Death Insurance” for people would respond that they were not ready to die and it was seen as bad luck to buy death insurance because you may invite such an event.  To sell “Death Insurance” they called it “Life Insurance” and then everyone would buy it and brag how much they had. Calling BitCoin a “currency” does not make it one. It is still an asset class and for it to be a currency, it would have to respond OPPOSITE of assets, not trade with them.

Cryptocurrencies are an ASSET CLASS for trading. Do not marry the trade. Treat them as any stock and you will be fine.

How Linear Thinking that has blinded most People


COMMENT: I think I now see the light. It has been my linear thinking that has blinded me. Gold rallied and failed as was the case with the euro, British pound and so on. Putting them all together is why who said that the euro would rally because they all were indicating a pause in the trend of the dollar. If they all crash together, I can see the dollar rally easier for they are all lined up the same way on your model looking at the reversals. I hope you elaborate on this in Singapore.

SHV

REPLY: Yes you are starting to see the light. You cannot have just one market rallying beyond the reversals without the others. Everything is linked. You have to begin to look at the world as a hedge fund manager to see what others cannot. You did not elect a key Monthly Bullish in any of these markets. That is the key. The same model allows us to see the critical point across the financial spectrum and in that instant we can listen to the markets telling us the future.

Opinion means nothing, including mine. ONLY the model allows us to see everything in a black & white manner without prejudice. This is how we avoid Marrying the Trade!

Yes, at the Singapore WEC I will cover this interlinking process so the future is revealed by the markets, not my opinion.

Authoritarianism and Islamic Extremism (The Panel: Part 2)


Published on Mar 10, 2016
Watch the full discussion about self-censorship, secularism, and more: http://bit.ly/226gqt7 Human rights activists Faisal Saeed al Mutar and Melissa Chen join Dave Rubin for a discussion about authoritarianism, Islamic extremism, and more. ***Subscribe: http://www.youtube.com/subscription_c… Watch more on Ora TV: http://www.ora.tv/rubinreport

Self-Policing, Stereotyping, and Being Easily Offended (The Panel: Part 1)


Published on Mar 9, 2016
Watch the full discussion about authoritarianism, Islamic extremism, and more: http://bit.ly/226gqt7 Human rights activists Faisal Saeed al Mutar and Melissa Chen join Dave Rubin for a panel discussion about growing up in Singapore, self-policing around the world, stereotyping, and being easily offended. ***Subscribe: http://www.youtube.com/subscription_c… Watch more on Ora TV: http://www.ora.tv/rubinreport What are your thoughts? Comment below or tweet to Dave: https://twitter.com/RubinReport

Shelby Steele: Is White Guilt Destroying the West?


Published on Nov 3, 2017

Shelby Steele (born January 1, 1946) is an African American author, columnist, documentary film maker, and a Robert J. and Marion E. Oster Senior Fellow at Stanford University’s Hoover Institution. He specializes in the study of race relations, multiculturalism, and affirmative action. In this clip, he talks about whether white guilt is destroying the west. Full talk, quoted under fair use: https://www.youtube.com/watch?v=HF3Va…