World War II created the vast military-complex, Once that was created, they used the threat of Communism to expand. Indeed, that was the battle cry for both the Korean and Vietnam Wars. The discovery of Eisenhower’s notes on his famous Farewell Speech of January 17, 1961, which were discover only in 2011, illustrate that this was in the draft stage for years. Eisenhower was always talking about the Cold War and the threat it was transforming American “garrison state.” Eisenhower was a general and the military thought they had put their man in office and he would give them the golden keys to the nation’s value. The military wanted a lot more than he was willing to give them. Most people have no idea that Eisenhower stood as a check against the military that he saw had grown 10 fold from before the war and was consuming the nation’s resources. The military was extremely frustrated Eisenhower and his farewell address was critical for he was attempting to pass on a warning. This battle between the ever-increasing demands from the military is what he warned about and I believe Kennedy understood and was eventually assassinated for. Yes there was Lee Harvey Oswald who was never put on trial and was assassinated by Jack Ruby who dies in prison. If there had been a trial, it may have proven there were other shooters and that he was a unknowing participant is a grander conspiracy. This same pattern appears to have been used with 911. Yes there were “terrorists” but they too were being used for a greater purpose – to expand the military complex once again.
I have stated all along that this is total bogus nonsense about global warming cause by man. This theory is concocted by people who are either totally a fraud used to scare government into handing them billions of dollars to justify new taxes, or they are sublime idiots incapable of anything but stupid linear thinking. It has never dawned on anyone who is it possible that there have been historic droughts, ice ages, and periods of warming long before the invention of mass automobiles by Henry Ford?
According to Al Gore who made Global Warming a presidential issue rather than Social Security, there should have been no ice left in the world and NYC should be using scuba gear to shop on 5th Avenue. Now that would be a cool way to shop if you had topical clear water instead of green muck.
Now, John Coleman, who co-founded the Weather Channel, has lambasted these corrupt academics by insisting the theory of man-made climate change was no longer scientifically credible. These academics I suspect are really just fraud artists.
Eisenhower in his Farewell Speech warned about academics with respect to the military establishment. “The prospect of domination of the nation’s scholars by Federal employment, project allocations, and the power of money is ever present – and is gravely to be regarded.”
Coleman has publicly stated that there is ‘little evidence’ for rising global temperatures outside of normal cyclical variations that are a ‘natural phenomenon’ within a developing eco-system.
Let’s start an investigation of all the academics who have taken billions of dollars to create a bogus theory and follow the money trail. I think a lot of people belong in prison for what they have done to the entire world on this absurd issue. (PERSONAL OPINION)
We rallied right up into Wednesday testing the convergence of overhead resistance and will now most likely return to retest support into Friday. The bulk of resistance stands at the 17000 level and support at 15960. This is the closing range of resistance and support. If this week proves to be the reaction high, then we should see one more new low ahead.
This is the timing that seems to be emerging. The rally for stocks seems to be pushed off into the 2017-2018 period for it looks like this 8.6 year wave will be the peak in the bond bubble. After that, interest rates will escalate and we will see a greater number of defaults in various governments. Keep in mind that the amount of capital invested in bonds v equity is about 3:1. Despite all the prognostications of a Great Depression based upon a bubble in stocks, sorry – we ain’t there yet.
If you want to hide something in plain view, exaggerate it to the point it becomes extreme and convert it to a conspiracy theory. This is a very standard in how to create propaganda and if you keep saying a lie, its becomes the truth to many without ever having to prove anything. To uncover the truth, takes digging. This I have discovered both in politics as well as market fundamentals.
The two big conspiracy theories to be exaggerated that cover up the truth are the 911 WTC Attack and the Kennedy Assassination. With the former, people take it to the extreme and claim there was not even an attack by terrorists and the whole thing was made up. Sorry, there was an attack and the government knew it was coming and allowed it to for three purposes
- (1) eliminate the evidence on many cases in WTC7 including all my evidence that documented EVERY market manipulation up to 1999 by the investment banks et al for which they are getting fined all the time today
- (2) wipe out the evidence that would have exposed the missing $2 trillion in the Pentagon budget, and
- (3) generate more power for government by allowing Americans to be victims as originally proposed in Operation Northwoods.
Now, that is far closer to the truth than claiming there was no Middle East terrorists involved at all, Strange, for that does not jive with Saudi Arabia threatening Russia with terrorism or the funding of ISIS to overthrow Syria which has now overthrown most of Iraq.
Then there is the Kennedy Assassination spun to be the product of the Mafia or with Oswald’s Russian connection. Eisenhower in his Farewell Address warned of the vast military complex that had grown out of World War II employing over 3 million people. There was no such industry before that war and the view was now Communism would take the world. My father was a Colonel under General Patton and you to tell me all the time about him as a child how he read the books of his opponent and how he accurately predicted that the real enemy would be Stalin and wanted to go all the way to Moscow.
In the Third 1960 Presidential Debate, Kennedy exposed the truth behind the decline in the Bretton Woods System – it was the vast expenditure on the military. Her said:
Now on the question of gold. The difficulty, of course, is that we do have heavy obligations abroad, that we therefore have to maintain not only a favorable balance of trade but also send a good deal of our dollars overseas to pay our troops, maintain our bases, and sustain other economies.
The price of silver was rising and Kennedy set in motion the withdraw of silver from the monetary system. This too has been spun into a conspiracy theory Here they have spun JFK’s Executive Order 11110 into the Federal Reserve killed Kennedy because he was taking their power to print currency away. You just can’t get any more far-fetched than that one.
Simply put, JFK also said the US current account deficit could be stopped at any time if the government stopped expanding its military worldwide for that was sending dollars offshore. If anyone had a motive, it was the very same people behind the NSA abuse of power – not the Federal Reserve, Mafia, or Russians. Just follow the money and you get closer to the truth – i.e. Halliburton, Cheney and the Iraq War against a nation who was against religious fanatics, the very terrorists who attacked the USA – go figure that one out without following the money. We took out two dictators who kept religious fanatics in check -Saddam Hussein and Muammar al-Gaddafi.
BTW, as soon as Halliburton was to be investigated, they moved to Dubai. Just follow the money.
It is interesting to watch how the Democrats try to distance themselves from Obama. He may go down as the absolute worst president in history. One has to ask was this some sort of plot to make sure no black president will ever be elected again? Is Obama really in charge? Perhaps they just hand him a golf club like Hillary handed Clinton bimbos so she could run the joint.
I attended the National Press dinner in Washington where Clinton delivered the keynote speech. I was sitting at the table with the conservative TV journalists and his speech was so good, everyone had to really applaud – except the few very famous guys I was sitting with. I said to them – come on! That was a fantastic speech in how it was delivered. They conceded that, but still did not like the content.
Most people have no idea that Clinton was elected with less than 50% of the popular votes. Clinton was elected with just 43.01%. The only president to have been elected with a lower percentage was Abraham Lincoln during the election of 1860 (John Quincy Adams does not count being the first public election).
The Democrats just want to be the first for everything – first to support slavery in the early 1800s, first to adopt Marxism in the late 1800s, first to confiscate gold creating two-tier monetary system, first to elect a Catholic, the first to elect a black president, and soon to be the first to elect a woman. Lot of firsts in there.
We will run our political models soon to see who wins 2016. This will be interesting for as the economy turns down from 2015.75, one year is a long-time for election. The Obama stench just may be so great, that rise in a third-party looks possible now.
Canada’s capital was attacked on Wednesday by the fatal shooting of a soldier and an attack on the parliament building after a gunman managed to get inside. The gunman in the parliament building was shot dead. The question is WHY? It would be nice if someone investigated and revealed the truth. Was the man just nuts? Or was he disgruntled over some economic issue? There is a huge difference for taxes are rising in Canada and there is the issue of Quebec that should start to rise once again under a separatist movement when the ECM turns down.
The resistance in the Dow Jones Industrial Index for today stands in the mid 16700 zone on a technical basis. Targets in time for this week were Wed and Friday with the latter being the main target. ONLY a closing back above 17010 would signal that the low is in place for a broader term. This week should produce a reaction high. A closing on Friday at least below 16880 will keep the market in check. A closing BELOW 16660 will signal that a drop back into the week of Nov 3rd is possible with a new low.
Retail participation remains at record lows so this crash we will call the Rich Man’s Panic of 2014. The same trend is witnessed everywhere, including Asia and Europe. While the press was bashing the little guy saying he has missed the entire rally,
The stats show that the total size of the world stock market capitalizations closed 2013 at $54.6 trillion which was only 25% of the total world market capitalization – the rest being bonds.The bond market is larger than the stock market for various reasons. Whereas only corporations issue stocks, governments and corporations both issue fixed income securities. The U.S. Treasury is the largest issuer of bonds worldwide. Because U.S, Treasury bonds provide the bulk of reserves which are just over $30 trillion.
This is the real bond bubble. Capital is so accustomed to just hiding in bonds, it knows no other alternative. We can see that debt increased sharply in 1928. However, the collapse with the Sovereign Debt Crisis is what really made the Depression so Great. You can drop the stock market by 50% and you will not create a prolonged depression. Reduce the bond market by 33% and you get a depression.
This is why Andrew Mellon first boasted during the 1929 that conservatives were not hurt - “Gentlemen buy bonds.” However, soon the Crash of 1929 turned into a serious Depression and that comes NOT by taking stocks down, but by wiping out the bond market.
In 1987 we predicted the low, and the very day of the low we stated the low was in place and new highs would be made by 1989. Just as at the low on this move I stated the low should hold temporarily. The numbers always define the market – NOT my personal opinion.
In 2011 even Barron’s reported that I was again warning new highs would be made and again they unfolded with the turn in the ECM. Each and every turn, even 1985 and 1998 in the middle of the Long-Term Capital Management Crisis, that low was followed by new highs BECAUSE the bond market was intact. Undermine the bonds, and then we have a crisis. If you do not look at absolutely all markets and how they function, you will be wrong. You simply CANNOT forecast anything be it gold, stocks, bonds, or commodities, unless you look at the interconnections and for that – sorry you need centuries of data not just back to 1971.
The central banks trying to stimulate the economy with lower interest rates have set the stage for the greatest crash of all time. You cannot imagine the bloodbath if interest rates go back to just 8% where they began this Phase Transition in bonds. We will see the worse economic bubble burst all over the street and this will be the real “GREAT” event of all time.