We really need to see a closing in the Dow above 17010 to imply we will see perhaps further upside. However, we have technical resistance at the 17200 area  and we need a closing ABOVE 17160 to hint at further higher highs. We still see next week are critical so hold on to your […]

QUESTION:  Hi Martin, I understand you negative opinion on Socialism & Communism, but I’m confused by you opinion on a Republic. On paper a Republic looks like an ideal form of freedom, where-as a democracy dictates majority rules and 50.01% can do a lot of damage to the remaining citizens. I understand that through history […]

US Postal Service admitted that it has been tracking over 50,000 people monitoring what they mail or receive. This internal inspection unit of the US Post Office has been secretly monitoring the mail of Americans for use in claimed criminal and national security investigations. The degree of surveillance has clearly reached the level of George Orwell’s […]

The Sovereign Debt Crisis is brewing. Global debt has reach a staggering $158.8 trillion, calculated both public and private. Those who keep touting the collapse of the dollar because of the US debt level being about $17 trillion, do not pay attention to the global debt levels. This is a serious mistake.

About 100,000 Hungarians rallied on Tuesday night to protest at a planned tax on data traffic and the broader course of Prime Minister Viktor Orban’s government they saw as undermining democracy and relations with European Union peers.

The Swedish Riksbank (central bank) has cut its key interest rate to zero percent. With this quantitative easing monetary policy the central bank is desperately trying to stimulate borrowing to fight deflation. The key interest rate was lowered by a quarter percentage point where experts had only expected a decrease to 0.1 percent. The Swedish Riksbank hopes […]

Bank of England is trying to do damage control. They are announcing a review because of all the scandals in rate rigging and manipulations by the banks have created a bad image of the financial sector. Banks should be banks. Allowing them to trade creates the incentive to trade rather than lend. The repeal of […]

  The greatest threat we face is the political elite.They are typically failed lawyers and that training makes them believe they possess some magical power to write law and therein it shall be. The reason why we must crash and burn is linked directly to this very bad quality found at the core of the […]

They are being called right-wing extremists who delivered a massive confrontation with police overturning their cars in Cologne on Sunday. The police turned to using water cannons, batons and tear gas, in an effort to break-up the demonstration (riot). Police officers were pelted with bottles, stones and firecrackers. At least 13 policemen were injured, one seriously, according […]

Even Merkel has hinted that there could be a problem with heat this winter given the problem with Russia. As winter approaches, the former Soviet satellite nations are all watching Russia and Ukraine’s stalled gas negotiations with growing real fear. Much of the former Communist regions still have antique energy systems that are centralize. Houses […]