Quite a few readers have asked: “You must be advising Japan again. China is too obvious. You say don’t buy bonds from NY and 2 weeks later they stop. Looks like Japan is following you again.” We just cannot comment on who is a client or not. As for the trend, yes. The dollar bottomed […]

Heinrich Schliemann (1822 – 1890) was a German businessman and the real man who pioneered of field archaeology. He believed in the historical accuracy of Homer’s Iliad and Virgil’s Aeneid and that they told stories that reflected actual historical events. Of course, all the academics pronounced Homer’s writing was a story for children. Schliemann was […]

Lawyers outside the USA handling Americans who live outside the country, amounting to 33% of the population of Canada, are reporting massive lines to resign their citizenship. One Swiss married to an American woman for 20 years, took their son to the local bank at age 14 to open his first account. They rejected him […]

List of modern Sovereign Debt Defaults or Debt Restructuring The following list includes actual sovereign defaults and debt restructuring of independent countries from 1800 till 2012 Africa Algeria (1991) Angola (1976, 1985, 1992-2002) Cameroon (2004) Central African Republic (1981, 1983) Congo (Kinshasa) (1979) Côte d’Ivoire (1983, 2000) Gabon (1999–2005) Ghana (1979, 1982) Liberia (1989–2006) Madagascar […]

All major changes in trend come from humble beginnings. They at first appear to be just nonsense or even a irrelevant novelty. Nonetheless, they are generally slow moving trends that culminate like a bull market in an explosive phase transition going into the end. The timing is typically 23, 31, 51.6, and 72 year intervals […]

There has been much written about the NDAA Act where Section 1021 allows for the indefinite detention of American citizens without lawyers, charges or a trial until you die. This particular Act is close to my heart since I have been told plainly it was my confrontation with the government that inspired it. In my case, the […]

470 F.3d 89 Martin A. ARMSTRONG, Petitioner-Appellant, v. Joseph R. GUCCIONE, United States Marshal for the Southern District of New York, and Marvin D. Morrison, Warden, Metropolitan Correctional Center, Respondents-Appellees, Alan M. Cohen, Intervenor Receiver-Appellee. Docket No. 04-5448-PR(L). Docket No. 05-0280-PR(CON). United States Court of Appeals, Second Circuit. Argued: January 24, 2006. Decided: November 27, […]

Tim Geithner has resigned as US Treasury secretary. He was the man who protected the bankers no matter what they did. The “Geithner Doctrine” applied this theory of “Too Big To Fail” to corrupt bankers that manipulate everything they can for quick profits. They constantly blow up for they view it as they have done […]

The most interesting of all events has just taken place. The U.S. Justice Department filed a civil complaint accusing McGraw-Hill and S&P of mail fraud, wire fraud and financial institutions fraud. Of course, nobody will ever go to jail since it is civil – not criminal. The real key is who did the filing – […]

The key to understanding government and how it functions is to comprehend that there is one golden rule – never admit what you are really trying to do. This is not something invented by Obama. It is how ALL governments act. I constantly say that history repeats because the passions of man never change. This […]