La Liberté Speech Speech: delivered by Karl Marx on September 8, 1872, in Amsterdam; Source: K. Marx and F. Engels, On Britain, Foreign Languages Press, Moscow, 1962; Printed: September 15, 1872, in La Liberte. Also printed in Dutch, Belgian and German papers. In the 18th century, the kings and the potentates were in the habit […]

British politicians have just made the same stupid mistake as the American Democrats who created the S&L Crisis of the 1980s. In the U.S., they were greedy and changed the tax status on real estate to increase taxes. They created a one-way market of all sellers. British Conservatives have just done the same thing, sending […]

QUESTION: I understand austerity is self defeating and crippling, but is there any other way to constrain elected officials from driving into unsustainable public debt as they pander for votes and campaign support?………or must we just go through periodic sovereign debt bubbles? and i understand austerity protects the bondholders at the expense of the people [the […]

QUESTION: How much cash should one have? ANSWER: No institution is safe for all can be closed by decree, including credit unions. This is true of safe deposit boxes as well. They may not confiscate it, but they can deny access. PLAN B should be an amount of cash that is enough to live on for at […]

Norse Corp’s Live View of Cyber Attacks The FBI testified that they want backdoors to all encryption. The problem with granting the government such access so that no one can have private data means that hackers will also find a way in. You cannot create exclusive access for anyone with backdoors. Government did just fine […]

QUESTION: Dear Martin, Do you expect all markets to align with the 2015.75 turning point (or the few months following, due to false moves)? Would, in this case, such an alignment correspond with high/low reversals in trend, and all markets would then align to the ECM into 2020? Thanks in advance SB ANSWER: The next three […]

Nigel Farage is one of the few politicians who have a clue about economics and real capital flows because he came from the commodity sector, not a law school. I cannot endorse what he says more. It is time for Greece to just default on Europe for all these bailouts have been to protect the bankers, […]

In the DAX Cash, we did elect two Weekly Bearish Reversals from the high of the week of April 6. The next key area of support lies down at the 938000 level. Next week is a Directional Change so we could see a bounce back into the week of July 20. The critical support begin […]

So far, so good. The May high held for June and we achieved the lower monthly closing. Things will be choppy ahead for the remainder of the summer; hopefully we decline into October, leaving the May high intact. This would set the stage for a better recovery ahead. Our monthly Energy Models peaked January 2014 […]

The first window of opportunity for the temp low in the Shanghai will be tomorrow, the July 9. We have target support at 3615000 and key support at the Weekly Bearish Reversal at 3195880 followed by the Monthly Bearish at 3049110. The week of July 6 was also a target in Shanghai. Therefore, we have […]