COMMENT: Marty; I do not know why you do not have the Noble Prize except for the fact that they are the establishment and what you have done with Socrates is beyond what anyone else has ever been able to forecast. Your model that said we would face civil unrest and then international war is coming to life. Here is Australia as in Europe, people are starting to wake up.
My God. Thank you for everything.
SF
REPLY: Nobody can forecasts these types of events years in advance from a personal gut feeling of claim “I think” which is typical. These forecasts are merely the failure of our entire approach to manipulating the world economy. I did add about 70 pages to what is now the 5th edition on sale in Amazon and Barnes & Noble. You cannot see the future without understanding the past. I know there are people selling this for $300 on EBay. But they are $110 on Amazon and $125 on Barnes and Noble. We do not do the pricing. The publisher and stores do that.
People may not realize that 90% of all physical trade is moved by container ships. Because of COVID-19, the disruption in the supply chain has created a shortage in containers never seen before. Because companies could not ship their good during the lockdowns, the attempt to catch up has led to a massive shortage of containers. The Suez Canal block only exasperated the crisis.
Some believe a major crisis unfolding in rubber, which some now believe has been deliberately created to reduce global warming by preventing tires from arriving for cars. Rubber is used far beyond just tires. Nevertheless, rubber producers face climate change restrictions, activists who would love to see them shut down completely, a destructive fungus, and then the continued politicization of COVID-19. In Japanese yen terms, the high in rubber took place on an annual closing basis back in 2010 with the intraday high in 2011. We saw a 10-year decline with the historic low forming last year, which ended up creating an outside reversal to the upside. From a long-term perspective, rubber looks to be poised for a broader rally into the years ahead. Short-term, there has been overhead resistance
It has begun. Wells Fargo has told all its customers that it is shuttering down ALL personal lines of credit. The bank has made it clear that it is shutting down ALL existing personal lines of credit and it will no longer offer such products. That includes revolving credit lines, which typically let users borrow $3,000 to $100,000. The bank used to sell these products as a way to consolidate higher-interest credit card debt or to pay for home renovations. This also included avoiding overdraft fees on linked checking accounts.
Customers have been given a 60-day notice that their accounts will be shut down. Wells Fargo has declined to comment when asked by Reuters. Previously, Wells Fargo suspended home equity loans, claiming it was due to the economic uncertainty with COVID. Wells Fargo has been struggling with a tarnished reputation following a series of consumer financial scandals. In 2016, the Wells Fargo account fraud scandal led to the resignation of CEO John Stumpf and resulted in fines of $185 million by the Consumer Financial Protection Bureau.
Despite the fact that Wells Fargo Bank likes to portray it was formed on March 18, 1852, the truth is that it was simply a freight company back then. It was in New York City where Henry Wells and William G. Fargo joined with several other investors to launch their idea of a freight company to cover the trade between the East and West Coasts. What sparked the idea was the discovery of gold in California in 1849. They recognized that there would be a demand for cross-country shipping. Wells Fargo & Company was formed to take advantage of this great opportunity.
In July 1852, Wells Fargo & Co began its first loads of freight from the East Coast to mining camps scattered throughout northern California. The company contracted with independent stagecoach companies to provide the fastest possible transportation and delivery of gold dust, mail, and other various valuable freight. Wells Fargo began buying gold dust, selling paper bank drafts, and providing loans to help fuel California’s growing economy.
In 1857, the business was so profitable that Wells, Fargo & Co. formed the Overland Mail Company, known as the “Butterfield Line,” which provided regular mail and passenger service. The company earned a reputation as a trustworthy and reliable business. It adopted as its logo the classic stagecoach which became famous even in later movies. Wells Fargo & Co. would also send an employee on horseback to deliver or pick up a message or package which became known as the Pony Express.
There were other competitors. John Bamber first advertised July 12, 1858, as the only authorized for daily and weekly newspapers. On September 9, 1870, Bamber incorporated as “Bamber Express Co.” with four other trustees. Then on January 1, 1874, a change in ownership was announced. On July 6, 1874, it was announced that Whitney & Co. Express had purchased the company.
Wells Fargo & Co. began a merger and acquisition taking over other Pony Express and stagecoach lines. Wells Fargo took over the Overland Mail Company in 1860. Six years later, Holladay Express was added. By this time, Wells Fargo & Co emerged and the leader in transportation in the West. When the transcontinental railroad was completed three years later, the company began using the railroad to transport its freight. In 1905, the company split whereas the freight business stood separately and they embarked on banking. Wells Fargo took over the Nevada National Bank and established new headquarters in San Francisco. By 1910, the freight company was covering 6,000 locations from the Eastern urban centers connecting them to the Midwest farmers and then ranchers and miners from Texas to California as well as the Pacific Northwest where the lumber mills operated.
During World War I, the U.S. government nationalized Wells Fargo’s shipping routes and combined them with the railroads into the American Railway Express. This actually terminated Wells, Fargo & Co. as a transportation and delivery business. The banking side was hit by the 1906 San Francisco Earthquake, but the vaults held up while the building collapsed. After World War II, the Wells Fargo Bank American Trust Company reduced its name to just Wells Fargo Bank in 1962.
Wells Fargo from its split which was decided in 1904, peaked on the 112-year cycle in 2016. While it elected two of the near-term Yearly sell signals, the first long-term resides at $28.80. A year-end closing below that will be the kiss of death for Wells Fargo.
QUESTION: I believe there is a guy on YouTube ripping you off and claiming Soros is now targeting the dollar which he will destroy just as he did to the pound. Is Soros even capable of that? You said he was just the lead guy on that for the club. Care to comment?
DH
ANSWER: Anyone claiming Soros is now targeting the dollar is absolute garbage. The entire pound issue was that it was a FIXED rate in the European Rate Mechanism. It was a cheap play. If you were wrong, you lost nothing because it was a fixed exchange rate. Soros would NEVER go against a floating currency. He would be wiped off the face of the Earth. This is total nonsense. If this is their sales pitch to buy Bitcoin or something, they could face 20 years in jail. It is totally FALSE advertising — PERIOD!
QUESTION: Why is the Fed doing so much Reverse Repo? Do you think it will hit $2 trillion?
JE
ANSWER: I understand that people seem to be talking up the reverse repo activity as doom and gloom. The Federal Reserve has been raising interest rates and boosted the return to fight inflation. The reverse repo facility takes in cash primarily from money-market funds, as well as government-sponsored companies and banks. This facility offered a return of zero percent to eligible users previously, and then the Fed moved it up to 0.05%, while at the same time lifting another rate, called the interest on excess reserves rate to 0.15% from 0.10%. The Fed is actually competing against the US Treasury in taking in cash, which is diverting it from government debt.
What the Fed does not understand because it is beyond their control are the international capital flows. Raising rates to fight domestic inflation is attracting capital from Europe, where banks are charged negative interest rates if they have excess cash. They open a branch in the USA and then send the excess cash to the state, and then they put it at the Fed. In this manner, the Fed has no idea how much money they are actually attracting globally.
I helped the Japanese lower their trade surplus by simply buying gold in New York, taking delivery, shipping it to London, and then selling it and starting all over again constantly. The trade statistics only measure dollars — not goods. You can buy a hot dog and have it delivered in London, and that too would reduce the trade surplus. It’s all a numbers game, and those in government have no ability to figure out the real world.
The statistics they created with Bretton Woods were all based on the currency which was fixed. So if you created more dollars, that was inflationary. But in a floating exchange rate system, if you create 10% more dollars but the dollar declines by 20%, guess what? It ain’t inflation but deflation!
People’s thinking has been compromised by the very way the government sets up everything. We would allocate trade at our firm according to the flag the company flew. That showed the US never had a trade deficit. It eas US companies setting up offshore and importing their own goods. I testified before Congress on all of this in 1996. So much for trade wars of misguided ideas of the world we live in.
The Fed is raising rates trying to soak up excess cash in the system BECAUSE that cash is not going into long-term bonds. Instead, we see even mortgage rates have declined under 2% because capital is shifting from PUBLIC to PRIVATE. Major capital has been turning to the mortgage market for there they have collateral wherewith government debt they have nothing but a political promise.
Yes, there will be others now claiming this is their idea. But unless you actually made the trades and really consulted with governments to solve problems, you will never come up with the answer without experience. Thank you to all the people who point out those who plagiarize what I write like clockwork. All I can say is that reveals people who are just not trustworthy. So, let’s see how long it takes others to claim they thought this up in the shower.
COMMENT: Distrust of public health officials may be a major factor in people refusing to get the COVID-19 vaccine. Nearly a third of Americans believe officials are lying about vaccine safety, a number that rises to almost two-thirds among those who say they don’t intend to get vaccinated against the coronavirus.
The latest Rasmussen Reports national telephone and online survey finds that 32% of American Adults believe public health officials are lying about the safety of COVID-19 vaccines. Forty-eight percent (48%) don’t think so, while 20% are not sure.
SB
REPLY: This is what is emerging. When politics crossed the line and tried to use COVID to create climate lockdowns and bring in the Great Reset, they lost all credibility. I do not care if people start dropping dead on the street. I will not get one of these vaccines. They can shoot me, and I would say thank you. Fully Vaccinated people are still dying. Six fully vaccinated just died of COVID in the most vaccinated country.
I cherish my liberty and without it, I prefer death. I have been to communist states. I went behind the Berlin Wall before it fell. I have seen the nightmare that awaits when the left gets control. No thank you! These people cheering the left have no idea that to target the rich that they hate so much, they themselves will surrender all their freedom as well. Absolute delusional fools. You cannot tax only billionaires without everyone proving they are not a billionaire. The burden of proof is always on you. They don’t bother to tell you that.
A number of people have written in suggesting we ban together and buy an island. That may be a good hedge against the insanity of these people. They have no idea what the Revolution was all about or what inspired the words of Patrick Henry – give me liberty or give me death. There are some things that are worth fighting for. What Babylon Bee put out is funny, but sadly becoming reality.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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
Centinel2012 