Obama Takes Credit for Economic Recovery Saying it is Not Trump but Him


Believe it or not, Obama, who raised taxes dramatically, is claiming the recovery is because of him and not Trump. On September 7th, 2018 Obama at a speech at the University of Illinois sharply criticized Trump and then claimed ownership of the U.S. economic recovery.

The End of Britain with 2nd Referendum on BREXIT?


As many as 670,000 people protested in London to call for a second Brexit referendum. Our computer is showing that a second referendum will vote to remain but this is most likely because they will rig the vote. This is in conflict with our economic model which shows that BREXIT should still win. Keep in mind that we have crossed the Rubicon in politics here in 2018. The chances of any election actually being honest and fair is highly unlikely.

 

 

Of course, these people are just brainwashed. They are completely ignorant of the fact that remaining in the EU will be the death of Britain. They listen to the likes of Tony Blair and other politicians who get huge pensions from the EU. These protesters are really too stupid to understand what they are protesting for and they are just pawns in a game for corrupt politicians. The economic growth of Britain has steadily declined ever since joining the EU. We have provided this chart to the British press and politicians but not a single person has made this chart public. But worse still, Britain is resented in the EU because without Britain Europe would have been lost to both Hitler as well as Napoleon. Without Britain, Europe would never be free. Many resent that they owe everything to Britain.

All the history aside, any trade deal can only be subjected to a veto of 28 member states. Britain cannot reach a trade deal on its own terms with anyone for they can be stopped by the raising of just one hand. Britain will also see its financial market destroyed for Brussels wants to be able to outlaw short-selling to protect the Euro by decree when the free markets go against them. On top of that, the ECB has destroyed the European bond market and that is just starting to bubble to the surface as rates are rising in Southern Europe.

On top of that, Britain loses just about every court ruling in the European Court. And as for migrants, the number one name in Britain among newborns has been Muhammed.

 

 

The British pound had really been just a unit-of-account prior to 1489. It was literally one pound of “sterling” silver .925 fine. The first one-pound coin appeared in gold and was issued in 1489 by Henry VII. The risk that the British pound will no longer exit arrives in 2029

Why British Politicians Argue to Remain in the EU – PENSION!!!!!!!!!


When you look closely at all the people who line their pockets with huge EU pensions for being a representative of Britain, it is stunning to see why they would argue to “remain” when all the evidence is against Britain if it remains inside the EU

China & the Hidden Debt Crisis in the Provinces


The Sovereign Debt Crisis in China among the provisional governments is alive and well. The off-balance sheet government liabilities in the regions amounted to an estimated 40 trillion yuan which is almost $6 trillion. Some are calling this a “gigantic credit risk” which is a hidden liability. This represents 60% of  GDP which bypasses the debt-to-GDP ratio set by the central government on the provinces. They have created financial vehicles called LGFVs. Beijing has focused on shadow banks, regulatory loopholes, and hidden bad loans. They have curbed the shadow banking and brought the BitCoin outflow down. However, the Beijing government has only been able to reduce the credit risks associated with LGFVs marginally. The current view is that it will take China up to a decade or more to deal with the problem of LGFVs, as we enter this debt crisis cycle between 2019 and 2021, the pressure will build much sooner.

Nevertheless, we see that this debt crisis is what is holding back China short-term. Once this adjustment is addressed, we will still see China emerge as the Financial Capital of the World after 2032.

Is Tony Blair a Traitor to Britain to Help Politicians in EU?


QUESTION: Is Tony Blair just a traitor to the British People to help his fellow politicians in Europe?

JS

ANSWER: Yes.  Tony Blair is out there pitching for another Brexit referendum as Prime Minister Theresa May, who also did not want to exit the EU, will be unable to secure a parliamentary majority and this seems to be an intentional plot to overturn BREXIT. Even the propaganda they use with regard to trade is misrepresenting the entire scheme. Britain is FAR BETTER off under BREXIT than remaining within the EU. Any trade deal is subject to the veto of any one of 28 member states. Britain CANNOT reach an independent trade deal for its own people for the French have always vetoed Britain. Let’s face the facts. Britain loses EVERY major case in the European court. This is all about protecting governments – not about what is best for the people. Britain will collapse with the EU if it does not break the chains which bind it.

GDPR Creates an Overwhelming Bureaucratic Nightmare in Europe


 

The new data protection legislation in Europe known as GDPR. has resulted in simply overwhelming the government with complaints and inquiries from small businesses who do not understand the regs. In Germany, the various agencies are reporting a 500% increase in complaints. Even in Bavaria, 2,974 consultations took place in 2017, and so far this year it has reached 7,000 by October 1st. This legislation was really all about being able to prevent mass email campaigns that were political. They really did not care if people received junk emails. However, creating a law and pretending it is to protect consumers requires broad language to hide the fact it was to prevent political solicitation. They have created a nightmare all to prevent email campaigns that took place in the 2016 US presidential elections.

What is Wrong with Formal Education


QUESTION: I too am French and nobody in school ever connected the weather to the defeat of Napoleon even with so many deaths on his failed invasion of Russia. History is interesting, but it seems to be taught based upon some political agenda. What would you recommend for students to study since the formal education system is such a failure?

PG

ANSWER: Yes, when I was in Paris, I was asked if I would debate the top three economic students. I agreed. However, instead of a confrontation for TV viewers, it turned out to be a question session of how to fix the French economy conceding that what they were being taught was wrong.

From a historical viewpoint, I always refer to contemporary writers. However, you must keep in mind that history is very often written only by the victor. We all learn quite a lot about history in school, but it is typically slanted. Nevertheless, it is also true that who don’t know history are doomed to repeat it. However, those of us who know history are also doomed to watch others repeat it. Ever since man has done anything, there has been someone nearby going “huh, maybe I should write this down.”

The way to understand the past REQUIRES a discipline that embraces all the fields of science. Back in the 1980s, I attended a lecture by a Scientist on the findings of the ice core samples from Greenland. When they disp[layed a graf of the energy output of the sun and documented from the ice core samples, I was stunned. I approached the presenter and informed them that their chart projected the rise and fall of empires which matched the Economic Confidence Model.

Back in the 1980s, I knew the model worked, but I could not explain why other than simply saying there were cycles. Suddenly, I saw history impacted by weather. I knew the 1906 San Francisco Earthquake set off the Panic of 1907 due to capital flows and that led to the creation of the Federal Reserves with all its branches that operated independently to manage the capital flows internally within the nation.

By keeping an open mind, I began to look at every field of science for explanations. By putting everything together, the picture became focused and suddenly the light went off. The key is being a diverse explorer. School is the opposite. I would go to Physics class and the professor would say nothing is random. Einstein said he did not believe God played dice with the universe. I then went to economics class and the professor said everything is random so don’t bother trying to forecast something. Because it’s random, that meant government could and should manipulate society to eliminate recessions. They have not succeeded in doing so even once.

Merkel’s Conservative Lose Absolute Majority in Bavaria


It is really mindblowing how politicians simply refuse to admit a mistake with the refugees and reverse course. Merkel has dug in her heels in over this issue and it is just not going to get better. From the outset, I warned that in an economic decline, the last thing you do is accept immigrants. This is not my opinion – it is just patterns from the past. That similar event of immigrants coming in during an economic decline led to street battles in the USA when it was just the Irish during the 1840 Great Depression and Sovereign Debt Crisis. History repeats for the same stupid decisions time and again. Merkel has set the stage for violence in Europe and political discontent that threatens to undermine the entire EU projected.

In a further erosion of Germany’s political mainstream is clearly underway. The Bavarian conservative party, the CSU, has lost its absolute majority. Meanwhile, the Greens have become the second-largest political force in southern Germany. Additionally, the Eurozone sovereign debt crisis continues to brew. European officials are back in the spotlight recently as the debt crisis in Italy has cast Europe directly in the eye of the storm. The loss of the CSU in Germany is undermining the survivability of Merkel. With her demise, we will also see the collapse of the Euro.

The ECB on the Verge of Collapse?


 

The European Central Bank (ECB) will NOT aid Italy with an EU rescue program if the country or its banks are in financial turmoil. The Italian government is taking the view that Italy has become an “occupied” country and that Germany has conquered Europe imposing austerity and its view of inflation upon the whole of Europe without firing a shot. While the spin is that the ECB is making Italy a test case to demonstrate that Europe and its mechanisms work, in reality, it is a realization that the ECB cannot save Italy’s financial institutions because austerity has created the greatest economic depression perhaps in economic history.

The new five-star Movement in Rome and Lega have been on a confrontational course with the EU Commission, as they plan a higher level of new debt to fulfill election promises. The EU Commission, on the other hand, is calling for less spending and the implementation of austerity as demanded by Germany. Italy is already sitting on a debt of around 131% of GDP. The financial markets are nervous for they see a confrontation that could tear Europe apart at the seams. Italy now has to offer investors significantly higher interest rates when placing its government bonds in order to raise money. In addition, the gap to the yield of German government bonds widened. But in reality, stopping the ECB’s Quantitative Easing will result in interest rates rising by at least 300% very rapidly. Italy is getting ahead of the curve BEFORE everything comes crashing down.

The EU rules prohibit the ECB from helping a country unless it has agreed to a rescue program of EU partners. Then, for example, the Euro-watchdogs could buy up Italian government bonds in order to contain a rise in yields. This provides for a monetary policy emergency tool adopted in 2012 – called “OMT”. However, this has never been used before. The ECB, behind the curtain, fears that if they try to use this mechanism and it fails, as our model warns, then the CONFIDENCE in the entire EU system will collapse.

Australia Turning Really Authoritative? Is this How a Dark Age Begins?


The greed of governments in their pursuit of money is the single greatest threat to creating a Dark Age. With New Zealand imposing a $5,000 fine for just landing there and you refuse to hand over your pen and passwords to your phone for them to search, now we have Australia going really nuts to the point that they risk tech companies simply banning the sale of their products in the country. The Assistance and Access Bill 2018 in Australia will force Google, Apple, Facebook, and other technology groups to help Australian authorities decode certain forms of encrypted communications on their systems, or face fines of up to AU$10 million. The government says the legislation will help protect against terrorism, fraud and child abuse crimes, claiming it aims to ensure criminals “have no place to hide.”

The problem that arises that failure to pay taxes they also call criminal. Hence, the hunt for money is greatly aided by this type of legislation far more than any other pretend criminal activity. While the government has stopped short of demanding backdoor access to tech companies’ systems that would allow the government to tap into end-to-end encryption services such as WhatsApp, it does demand access to data at “points where it is not encrypted.”

Apple, FOR INSTANCE,  would not be made to create a backdoor for their iMessage where every user’s encryption key is different. But the government could request access to the single encryption key for its iCloud services. When you send a message to a friend, it’s encrypted as it travels between the two devices, and when it arrives, it’s decrypted for your friend to read, which is when the government should get to read it. The Australian government is cleverly demanding not a backdoor, but a “side door” to gain access to whatever people are sending.

Naturally, the cybersecurity minister claims this will only be allowed under strict guidelines, with companies subject to three levels of escalation: an interception agency requesting the company voluntarily assist; a “Technical Assistance Notice” whereby the companies are instructed to help; and a “Technical Capability Notice”, which can only be issued by the attorney-general and basically means “comply or face a fine.” However, such promises from governments are really worthless. They always go beyond their claims of restraint.

Apple has filed a complaint stating that the Australian government previously stated that they would not to weaken encryption or compel providers to build systemic weaknesses into their products for that would undermine the entire internet and bring commerce to a halt. Apple has made it clear that this legislation poses serious risks:

  • Overly broad powers that could weaken cybersecurity and encryption
  • A lack of appropriate independent judicial oversight
  • Technical requirements based only on the government’s subjective view of reasonableness and practicability
  • Unprecedented interception requirements
  • Unnecessarily stifling secrecy mandates
  • Extraterritoriality and global impact

Governments are in serious trouble and they will be raising taxes dramatically before they ever dare try to reform. In 2016, Apple fought back when the FBI attempted to compel Apple to unlock the San Bernardino shooter’s iPhone. Creating backdoors means that sophisticated hackers will discover them and exploit them faster than you can blink an eye. There is a profound risk of bringing down the entire digital e-commerce world and you are looking at the destruction of the entire world economy. Apple has come out and stated that this bill is still unfit for today’s world. Governments around the world have to realize that their greed can topple our very way of life