The destruction of Hamburg has been massive as photographed by DWN. There is much going on behind the scenes politically with the focus now on intensely monitoring and censorship to be imposed. The degree of violence many view as unprecedented since the raid on Jewish businesses during the Nazi era. Inquiries are now looking into […]
Another encouraging session for Asia as the confidence continues, at least until we see something to the contrary later in the week. Many are referencing the bond markets as they watch yields creep higher and the curve start to steepen as an indication that things have finally turned. China’s Shanghai settled small lower but the […]
The Reuters Editor’s Choice picture demonstrates what I have been saying about revolution. When the army defends the corruption of politicians, there will be blood in the streets. Only when the army stands with the people will government collapse. Here we have a member of the security forces firing his gun against the people to defend […]
We have not yet broken gold for all the people writing in. So far we have elected three Weekly Bearish Reversals from the July 2016 high in gold and three Monthly Bearish Reversals. We have elected two Weekly Bearish Reversals from the high in June and fallen into the target week of July 10th and […]
The Spanish region of Catalonia is preparing to hold a second referendum on separating from of Spain on October 1st, despite warnings from Madrid. Naturally, the EU is against any such separation. However, the regional tensions are historic and Catalonia is the rich and prosperous region of Spain with Barcelona being perhaps the most beautiful […]
QUESTION: Hi Marty – Question: You have blogged about the pension crisis and how Illinois and California on the brink of bankruptcy. Does this mean that other states which you don’t mention, like Florida, Texas, and New York, are financially sound and are going to be able to pay out pensions to their retirees for […]
Turkish President Recep Tayyip Erdogan said he would not ratify the Paris Climate Accord unless Europe paid all costs to Turkey. France agreed to pay Turkey compensation for the cost of implementation when signing the agreement. If Erdogan does not receive any financial funds, he said that his Parliament will not ratify the treaty. Erdogan […]
We start the week with mixed session from Asia as Chinese reserve data showed small increase and the general trend of acceptance for Chinese 5% growth. The Japanese yen continued its decline breaching 114 and even in late US trading had was last seen around the 114.25 level. The Nikkei edged better but a small […]
The German publication DWN has come out and warned that the German Pensions system is collapsing. They wrote: The core problem of the German economy and society is miserable demography. A positive development, namely the increasing longevity of the population, is an extremely negative groundbreaking, namely a small number of children. This is reflected in […]
Merkel chaired the G20 summit and she completely and utterly failed to lead G20 to a successful conclusion. Well of course, Merkel lost control of the streets of Hamburg, which looked more like a civil war challenging her authority. However, Merkel thought she could score a major diplomatic triumph by getting everyone together to gang-up […]
