In Japan, Nomura’s chief Koji Nagai took over as Nomura’s chief executive back in 2012 and followed that appointment with a $1bn cost-reduction plan that was criticized both externally and internally for failing to target the inefficient divisions of Nomura’s domestic operations in Japan. The latest program will see the company close more than 30 of its 156 domestic retail branches. What is far more interesting is that fact that Mr Nagai has stated that there are macroeconomic “megatrends” that have affected the industry as a whole. He stated that: “There is no liquidity any more so the market is dead because of the central bank’s monetary policy.” Mr Nagai confirmed what I have been stating that “The fixed-income market is dead due to the zero interest rate.”
Both the central bank of Japan and of Europe have destroyed their respective bond markets. Looking forward, we are facing a very dark period when it comes to the ability of governments to continue to function.
QUESTION: Mr. Armstrong; I assume you read that Mr. Nagai has confirmed what you have been saying that the central banks have destroyed the bond markets. I must confess, his comments have finally struck a vein in our senior management. I have been trying to explain your view to them but nobody wanted to think anything would ever happen. I managed to get a seat in Rome. Does your report cover the prospects of what the future will be shaped by? I do not think people understand the seriousness of what you have been saying. They all watched your interview in one day. That was remarkable.
HA
ANSWER: I know. This is a very serious topic. Far beyond what people understand . This is why the capital flows are going crazy pouring out of Europe into US Equities. I do not think people comprehend that we are staring a crisis in the eyes that is so fundamentally changing with regard to how the world monetary system functions, this is why I said bring your thinking caps to Rome. We are stepping into the great financial unknown – we are entering something where no economic theory has ever gone.
QUESTION: Will you be covering BREXIT and the May elections since Nigel Farage will be speaking? What about your forecasts on civil unrest? It is really starting to surface here in Europe.
Thank you
MU
ANSWER: Yes. Politics is critical because this is reflecting the shifts in confidence that will drive the markets. We are facing a major capital movement that will take the form of a contagion. The civil unrest is rising everywhere. The polls in France now show that 80% of the French people support the Yellow Vest movement demanding the resignation of Macrone. We certainly live in interesting times. We will be focusing in on the forecasts the computer has laid out into the next couple of years.
Horrific Islamic terrorist attacks in Sri Lanka. A series of Easter Sunday bombings at luxury hotels and churches filled with christian worshippers has left at least 207 people dead. Hundreds more were wounded. Police say most of the eight bombings appear to have been suicide attacks.
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The government has identified religious extremists, but so far no group has claimed responsibility. Sri Lanka’s Defense Minister says police have arrested seven suspects believed to be linked to the wave of bombings.
(Via Fox News) […] The U.S. State Department confirmed in a statement that “several U.S. citizens were among those killed” in the explosions, though details were still emerging. Secretary of State Mike Pompeo went on to condemn the Easter morning “terror attacks.”
“Attacks on innocent people gathering in a place of worship or enjoying a holiday meal are affronts to the universal values and freedoms that we hold dear, and demonstrate yet again the brutal nature of radical terrorists whose sole aim is to threaten peace and security,” Pompeo said in the statement.
A police spokesman said 13 suspects have been arrested in connection with the attacks. Police said they also found a vehicle they believe was used to transport the suspects into Colombo, along with a safe house used by the attackers.
The explosions collapsed ceilings and blew out windows, killing worshippers and hotel guests. People were seen carrying the wounded out of blood-spattered pews. Witnesses described powerful explosions, followed by scenes of smoke, blood, broken glass, alarms going off and victims screaming in terror.
“People were being dragged out,” Bhanuka Harischandra of Colombo, a 24-year-old founder of a tech marketing company who was going to the city’s Shangri-La Hotel for a meeting when it was bombed. “People didn’t know what was going on. It was panic mode.”
He added: “There was blood everywhere.”
The first explosion occurred around 8:45 a.m. local time, with the deadliest appearing to be at St. Sebastian’s Church in Negombo, a city about 20 miles north of Colombo. Other attacks occurred at St. Anthony’s Shrine in Colombo and Zion Church in the eastern city of Batticaloa. The three hotels – the Shangri La, Cinnamon Grand and Kingsbury Hotel – all in Colombo are frequented by foreign tourists. (read more)
At least 207 people were killed and hundreds more injured on Easter Sunday in Sri Lanka. Suicide bombers sought to kill Christians in a coordinated attack simultaneously targeting churches and luxury hotels. The explosions took place miles apart, and the targets included three Christian churches holding Easter services and three hotels. In addition to those who were killed, at least 450 were wounded, according to officials. Most, if not all of the explosions, were detonated by suicide bombers, according to the Sri Lankan Defense Ministry.
The more interesting aspect concerning this terrorist act is the fact that Sri Lanka is a Buddhist country, not Islam. The attack on Christians in a Buddhist country by Islamic terrorists raises the deep concerns that Christians will become targets anywhere and it would seem that this is perhaps deliberately trying to create a religious war.
The Yellow Vest movement is turning into a major confrontation demanding Macron leave office. The French police are now protesting after 28 officers have committed suicide so far in 2019. This is double the amount recorded at the same time last year. While the press tends to focus on complaints of a lack of resources, unpaid overtime, and inefficient management, they are not speaking about the social isolation the police are starting to experience as they defend the government against the people.
I have written before about the Nika Revolt of 532AD where the local police and troops refused to defend the emperor Justinian. He almost fled Constantinople until his wife directed him to call in an army which was not Greeks. They came into the city and slaughtered some 30,000 protesters. What the French police are experiencing is this very same conflict. This is why Brussels wants a European Army for they would have no conflict with the French people if they are not French. The police may yet turn against the French government and if that happens, then we have a French Revolution. The revolution in Ukraine turned when the police saw that Yanukovich brought in Russians to defend himself. Then and only then did the Ukrainian police turn against Yanukovich and he had to flee. This is standard developments throughout all historical civil unrest movements defining the line when crossed it becomes a revolution.
It may seem hopeless, but Stephen Green, Bill Whittle and Scott Ott dream of a better life, without the Internal Revenue Service. Imagine there’s no IRS? It would go a long way toward restoring the Constitution in the wake of the devastating 16th Amendment. How then would we pay for all of those reliable and desirable government services?
The Prime Minister of the Netherlands, Mark Rutte, is objecting to France’s desired changes to the EU budget. France wants aid with the inclusion of the objective to “stabilize” the economies within the Eurozone, whereby the Netherlands wants all funding to be limited to furthering “competitiveness and convergence.” The Netherlands contributes the most to the EU, and far more than it receives. This only illustrates once more that the Eurozone is far from one big family. The cultural differences remain and always will. They will not vanish as a matter of law. The only thing that will allow that to happen over time will be a common language, as took place in the United States. Then and only then did all the various cultures begin to integrate
COMMENT: Germany to Decide if It Can Nationalize Private Property. The difference between National Socialism (NS/NAZI) and International Socialism (INS) exactly are five letters and their definition according to that they do is pretty the same.
But don´t worry about international investors.
They got the real estate really cheap along with some gifts to the old parties and the will make a big deal if they are forced to sell. The next game will be a break down in prices and extreme lack of money, so the INS will sell again the huge real estate complexes the own and the game repeats. That´s the way corporatism works.
The real problems will have the middle class. they will pay for that and they will lose the real estate more or less directly to the newly imported elites when there will be a critical mass, maybe by a loss of worth or by direct occupation. Means the minority of those Nazi days will be the more and more decimated majority of the German population. What can be better for bad and incompetent EU-/German politics as people being alimented by the government and besides they are not understanding neither language nor what really happens?
OF
REPLY: East Germany did not treat the people fairly. Most other places allowed you to buy the property in which you lived. In East Germany, the politicians sold it thanks to corruption. But the problem that emerges is you now have to change the law to allow for the confiscation of property. That establishes a precedent which can be applied to any property. The legal way to do this is to attack the owner on the basis of corruption and fraud rather than changing the law to confiscate private property. This proposal is stating that the state will then own the property, and it still does not allow the people to purchase where they live.
[Analyst} recently …. raise[d] the alarm that the US is headed towards a very bad debt crisis. During an interesting part of the segment, he was asked if the rich should pay higher taxes, and he said “of course”, but he clarifies that what really matters is whether the tax dollars are deployed productively or not.
I was wondering if you agree with his assertion that the US needs to raise taxes on the wealthy. And also, whether you think it is possible for the US government to redistribute wealth productively to address the upcoming crisis.
SB
ANSWER: Absolutely not. The person you speak of, in my opinion, is completely unfamiliar with history. That proposition assumes the government can actually do anything correctly. There is absolutely no evidence of that whatsoever in the historical records going back thousands of years. I do not care how much they raise taxes. The pension crisis alone will wipe out government as we know it. For every person that retires, they must replace them and the cost of government doubles. A child with a pocket calculator can give you a better forecast. It is absolutely impossible for this to ever end nicely. The system is not sustainable.
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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
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