Excellent Speech by Trump a lot better than any we have heard since President Reagan. And worth listening to by all. Very clear objectives and purpose was communicated if you cared to actually listen to it.
Tag Archives: TPP
The Dangerous Ability to Create Propaganda
Armstrong Economics Blog
Re-Posted Apr 25, 2016 by Martin Armstrong
The technology that has emerged to create political propaganda convincing enough to launch wars has crossed the threshold of becoming highly dangerous. The people who created this technology may not have had such an intent. Nevertheless, allowing such technology to get in the hands of government is extremely dangerous.
Technology in the hands of government, who also controls mainstream media, is perhaps the most dangerous combination ever dreamed of. We are doomed without an independent media outlet that actually investigates the abuse of government. Government can start a war and the media will just recite whatever they tell them to report. This is becoming a toxic
My comment to this re post is “Wag the Dog” on steroids.
Asset Recycling – Robbing Pensions to Cover Government Costs
Armstrong Economics Blog
Re-Posted Apr 25, 2016 by Martin Armstrong
Part of the Pension Crisis we face thanks to negative interest rates destroying pension funds, then we have a temping pot of money government just cannot keep its hands out of. Governments are turning to “asset recycling” which includes even Canada. The federal government of Canada, for example, is looking at a potential source of cash they can rob to reduce the cost of government by shifting Canada’s mounting infrastructure costs to the private sector. They want to sell or lease stakes in major public assets such as highways, rail lines, and ports. In Canada, they sneaked in a line hidden in last month’s federal budget which reveals the Liberals are considering making public assets available to non-government investors, like public pension funds. They will sell the national infrastructure to pension funds robbing them of the cash they have to fund themselves. This latest trick is being called “asset recycling,” which is a system designed to raise money for governments. This idea is surfacing in Europe as well as the United States especially among strapped cash States.
This is the other side of 2015.75 which was the peak in government (socialism). Everything from that point forward is a confirmation that these people are in crisis mode. They are rapidly destroying Western Culture because they are simply crazy and they people who vote for them blindly are out of their minds. They are destroying the very fabric of society for they cannot see what they are doing nor where this all leads. Once the wipe out the security of the future, this is how government crumble to dust to be swept away by history. We deserve what we blindly vote for.
Putin Pitches to Host 2020 World Exposition
Armstrong Economics Blog
Re-Posted Apr 23, 2016 by Martin Armstrong
The 2020 Expo was given to Dubai. This old video show Putin speaking English and his pitch that Russia should be recognized. Obama reignited the Cold War rather than give Russia the respect it was demanding. It is all about respect and recognition we often call national pride. When things go wrong economically, it is national pride that leads to war.
Ukraine should have simply been divided along ethic lines divided by language and let the East join Russia since they saw themselves as Russian. Instead of spending all this money on war, there should have been an orderly buy-out of those who wanted to move sides. That would have ended the crisis. This view of borders that were drawn by old politics is rather absurd and in the end, will be redrawn once again.
Obama Telling Brits to get to the “back of the queue” if they leave the EU
Armstrong Economics Blog
Re-Posted Apr 23, 2016 by Martin Armstrong
Obama went to London at the request of David Cameron and the EU Parliament. Obama joined the scare tactics to try to frighten the British into giving up their sovereignty to Brussels by staying in the EU. He used the trade deal which the French want to block saying that agreement. The TTIP was supposed to be done back in 2014. There is little chance of an agreement coming before 2019. Obama told the British to get at the “back of the queue” on trade agreement negotiations.
There is no way Obama would do this without the request of Cameron who is betraying the sovereignty of his own country. The reality is simply that Obama is lying to the British people because the trade agreement with Europe has been a huge problem especially with France. The truth is that Britain would be able to have a faster trade deal with the USA than the EU. This is scare-tactics because Europe itself is on the ropes. Britain leaving would hurt Europe, not Britain, and would save Britain who could then protect its own borders. Even the USA now has a problem with no visa for Europeans given the security risk they introduced allowing economic migrants claiming to be refugees.
This demonstrates how the BREXIT vote is a serious issue for Europe as a whole. But make no mistake about it, the USA would NEVER surrender its sovereignty to say the United Nations were Congress becomes a second rate gathering with little power. The majority of laws in Europe come from Brussels, not local government. What Obama just told the British people demonstrates this is precisely opposite of what Margaret Thatcher stood up against which was the political surrender of the British to Brussels. What Hitler could not do with bombs, Cameron hands Europe without a thought.
The question is why has Obama told the British to effectively get rid of the Royal Family for there should be no residual sovereignty remaining in Britain? Upon election, the Prime Minister goes to the Queen to ask permission to head Parliament. It is the Queen who opens Parliament. The Queen’s Speech sets out the government’s agenda for the coming session. Handing power to Brussels nullifies the role of the Queen. Why does Cameron not even ask the Queen?
Without Britain, there is no European Union left standing. Europe is absolutely doomed for Draghi will not reverse his policies which are starting to lead to chaos within the EU and Germany realizes that pensions and the elderly are being destroyed by Draghi’s policies.
As Obama is telling the Brits to get at the “back of the queque” for a trade agreement, protests are erupting against TTIP everywhere. As Obama visited Britain, thousands were protesting against TTIP in Hannover, Germany. If Britain is to get to the “back of the queque”, that may be a very good thing. He is also full of shit for there are far more links between Britain and USA on trade than there are with Europe as a whole that go back centuries.
Influence and Affluence – The Insurgent Campaign Effect….
I was reading another blog yesterday and within the writing was an interesting thought. Picking up on Sundance’s USA aircraft carrier analogy what if we knew that the present Admiral and the ship’s captain had the carrier on a course that would take it into a class 5 plus hurricane. The crew didn’t know they danger they were in but the ships executive office (XO) did and was trying to get the Admiral to change course. The ships Captain a loyalist to the Admiral was bucking to be promoted to Admiral as the present Admiral was about to retire. The ship’s captain an aggressive female would be the first naval Admiral in change of a fleet and so she was ignoring the hurricane danger as to bring it up would embarrass the present Admiral. So the XO was faced with conducting a mutiny to save the ship or letting the ship stay on course and let the captain deal with the potential loss. The quandary would be that if the mutiny happened after it was too late to change course he would be blamed for the loss — so what should he do.
Trump is now in the same position as the XO I just described we are headed for some really rough times and if he cannot communicate the issues properly like say Churchill did as Briton was entering WW II he would be faced with being blamed for the financial collapse that appears to be building. Just like Bush was blamed for the housing and market collapse in 2008 even though neither were his fault.
Failure of Abenomics
Armstrong Economics Blog
Re-Posted Apr 23, 2016 by Martin Armstrong
Abenomics (アベノミクス Abenomikusu ?) in Japan are the economic policies advocated by Shinzō Abe since the December 2012 general election, which elected Abe to his second term as Prime Minister of Japan. Abenomics is based upon “three arrows” of fiscal stimulus, monetary easing and structural reforms. This has been a complete failure as the economy continue to implode. The Bank of Japan hinted possible proposals to take rates even further negative and the likelihood banks passing these levels on to the general public.
The dollar rallied against the yen right on target for 43 months (8.6 / 2), and has declined about 8.6 months from the high in June of 2015. It appears to be on target and the latest suggestion of further negative rates being passed on by the banks will most likely cause a flight from the yen besides admitting Abenomics has failed. This has also contributed to the Dow Jones Industrial Average rising and holding last year’s low distinct from the S&P500 and NASDAQ.
BREXIT
Armstrong Economics Blog
Re-Posted Apr 20, 2016 by Martin Armstrong
There is talk that Obama may go to Britain to express support for Cameron’s position on Britain remaining in the EU, even though it will surrender its sovereignty to do so. The USA would NEVER agree to such terms itself. How could anyone tell Britain to surrender its very soul to the insanity of Brussels, as if they have done such a wonderful job? The EU is being eaten alive from the inside and now 66% of Germans are against Merkel. Yet, Britain should surrender everything to this madness? It has been 43 years since Britain entered the EU. It did quite well before 1973. If Britain remains in the EU, well, these people have already passed laws against short-selling. They will destroy London as a financial hub and reduce it to a third world status.
We will be issuing a special report on Britain given the serious of what is at stake.
Since the issue is sovereignty being surrendered, the queen should rightfully say yes or no as well.
What Are Tangible Assets
Armstrong Economics Blog
RE-Posted Apr 20, 2016 by Martin Armstrong
QUESTION: Hi Martin,
In your April 20 blog post, you stated “You are better off with tangible assets for the transition when it comes.”
Please explain what “tangible” assets are, and what “non-tangible” assets are, assuming these also exist.
Thanks for the wonderful education,
M.
ANSWER: Tangible Assets are non debt related – fixed assets in general. This includes commodities, equities, and real estate. The commodities include non-perishable such as gold, silver, platinum, copper, etc.. The agricultural commodities are not really sustainable on a long-term basis. The primary advantage to silver and gold is that they are the same commodity in different nations where as you have even difference between Texas and Brent crude oil. Real estate varies depending upon location. You definitely have two problems. First, there is the risk of tax increases, and Second, there is the geopolitical risk in some areas. Equities (shares in public corporations), serve well and blue chips have never defaulted. Even if a company goes bust, you get something back. When government debt goes bust, you get nothing.
Central Banks Are Trapped – Higher Interest Rates the Only Answer?
Armstrong Economics Blog
Re-Posted Apr 20, 2016 by Martin Armstrong
COMMENT: Marty, well it looks like you have done it. The central banks are going to start raising interest rates right in line with your model. It is interesting how your computer puts the entire world before you to see. Keep up the good work. They obviously are starting to follow you.
SS
REPLY: I do not think that the central banks are simply beginning to follow us. Yes, they all probably read us no doubt. But make no mistake about it, they are going to raise rates not because of our model, but because they have no choice. Low interest rates have wiped out pension funds and destroyed the living standards of the elderly. These people are clueless and should never have followed Larry Summers down this path of absolute hell. The comments of Glenn Stevens, the meeting between Yellen and Obama, and the criticism starting to surface against Draghi at the ECB is the realization that interest rates must be “normalized” (raised) but they have created a nightmare for governments are addicted to low interest rates and their budget will explode and we will see a sharp rising in taxes from 2017 onward.
We will be putting out a very important special report. What is going on behind the curtain right now is state pensions are lobbying Congress to make it MANDATORY that everyone (not just government employees) contribute to state pension systems. They want to takeover your 401K and manage everything robbing your saving to pay for unfunded liabilities to state workers. This is how they are looking to bail themselves out. This is the dark side post-2017. This is going on right now and it is still all hush hush.
All the markets from metals to equities and oil, have pushed right to the limits. Almost all markets are approaching their key target resistance and reversals. Even silver has rallied to the Weekly Bullish at 1719 followed by 1775 just below last year’s high of 1850.5 causing the silver/gold ratio to bounce from resistance. The Dow has done almost the exact same type of move reaching the Bullish Reversals just beneath last year’s high. Gold has done the same thing stopping just 30 cents from the Weekly Bullish Reversal at 1287.50 shy of last year’s high of 1307.80. Of course oil has not come close to last year’s high of 62.58.
The point is, when we extract the emotion and opinion which is incompatible with forecasting, the entire purpose of our model is to provide a very black and white perspective without the hype and emotion that causes losses. We know when to get excited and when to hold back. Nearly 90% of people investing lose money because they are victims of their own emotion. Let the markets show you the trend. They are never wrong, only people. Over the years I have personally noticed that when it is the MOST difficult even for me to stand firm and I begin to question will it break through, that is precisely when it does not. So if the markets can move to such an extreme that even I get that feeling inside OMG, is this correct, that is when it is right in spades. This is an emotional game and people trade emotionally to their own demise.
So step back, we have the time and numbers. Just let the markets do what they do best. Never ANTICIPATE for that is how you buy the high or sell the low.
Centinel2012 