Market Talk – December 2, 2024

December 2, 2024

Market Talk 2017

ASIA:
The major Asian stock markets had a green day today:
• NIKKEI 225 increased 304.99 points or 0.80% to 38,513.02
• Shanghai increased 37.53 points or 1.13% to 3,363.98
• Hang Seng increased 126.68 points or 0.65% to 19,550.29
• ASX 200 increased 11.70 points or 0.14% to 8,447.90
• SENSEX increased 458.75 points or 0.57% to 80,261.54
• Nifty50 increased 144.95 points or 0.60% to 24,276.05
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00551 or -0.85% to 0.64559
• NZDUSD decreased 0.00446 or -0.75% to 0.58754
• USDJPY decreased 0.622 or -0.41% to 149.192
• USDCNY increased 0.03892 or 0.54% to 7.28692
The above data was collected around 11:55 EST.
Precious Metals:
•  Gold decreased 16.37 USD/t oz. or -0.62% to 2,641.42
•  Silver decreased 0.151 USD/t. oz. or -0.49% to 30.459
The above data was collected around 11:40 EST.
EUROPE/EMEA:
The major Europe stock markets had a green day today:
•  CAC 40 increased 1.78 points or 0.02% to 7,236.89
•  FTSE 100 increased 25.59 points or 0.31% to 8,312.89
•  DAX 30 increased 307.17 points or 1.57% to 19,933.62
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00936 or -0.88% to 1.04834
• GBPUSD decreased 0.00952 or -0.75% to 1.26353
• USDCHF increased 0.00531 or 0.60% to 0.88666
The above data was collected around 11:59 EST.

US/AMERICAS:

US Market Closings:

  • Dow declined 128.65 points or -0.29% to 44,782
  • S&P 500 advanced 14.77 points or 0.24% to 6,047.15
  • Nasdaq advanced 185.78 points or 0.97% to 19,403.95
  • Russell 2000 declined 0.59 of a point or -0.02% to 2,434.14

 

Canada Market Closings:

  • TSX Composite declined 57.67 points or -0.22% to 25,590.33
  • TSX 60 declined 1.66 points or -0.11% to 1,537.09

 

Brazil Market Closing:

  • Bovespa declined 432.29 points or -0.34% to 125,235.54
ENERGY:
The oil markets had a negative day today:
•  Crude Oil decreased 0.895 USD/BBL or -1.30% to 67.735
•  Brent decreased 0.853 USD/BBL or -1.18% to 71.527
•  Natural gas decreased 0.1346 USD/MMBtu or -4.04% to 3.2004
•  Gasoline decreased 0.002 USD/GAL or -0.10% to 1.9034
•  Heating oil decreased 0.0243 USD/GAL or -1.10% to 2.1789
The above data was collected around 12:01 EST.
•  Top commodity gainers: Cheese (9.15%), Orange Juice (1.44%), Lean Hogs (1.12%) and Wheat (0.81%)
•  Top commodity losers: Natural Gas (-4.04%), Coffee (-7.54%), Nickel (-1.79%) and Zinc (-1.48%)
The above data was collected around 12:10 EST.
BONDS:
Japan 1.0770% (+2.41bp), US 2’s 4.20% (+0.045%), US 10’s 4.1890% (+1.4bps); US 30’s 4.36% (-0.007%), Bunds 2.0330% (-5.4bp), France 2.914% (+2.2bp), Italy 3.2610% (-1.1bp), Turkey 27.61% (+23bp), Greece 2.912% (-1.8bp), Portugal 2.508% (-2.85bp); Spain 2.766% (-2.1bp) and UK Gilts 4.2160% (-3.11bp)
The above data was collected around 12:16 EST.

Government’s Quest to Control AI and Mainatin Its Propaganda

December 2, 2024

 

COMMENT #1: Dear Martin,

I listened to Joe Rogan’s podcast interview w/Marc Andreessen where Marc reported that the Biden administration has been secretly meeting with AI companies.
Their message: “Don’t even bother starting AI companies. There will only be 2-3 approved companies, and we’ll control them completely.”

It made me think of you and your ordeal, so many years ago.

Thank you for being on the right side of history.

Happy belated Thanksgiving ?

warmly,
RH

COMMENT #2: Wikipedia is a vile organization that is controlled by the Deep State when it has anything to do with politics, including health. I was there in Amsterdam the night of your film showing when those of us in the financial and banking community were invited. I remember well when the moderator asked you if you got to keep the claimed missing $1 billion, and you turned to the audience and asked if it was possible that $1 billion could be removed from a bank, but nobody knew where it was. The audience burst out in laughter. What these people did to you on not just a false charge but on a charge that was impossible, and organizations like Wikipedia will never report the truth is a warning to us all.

Thank you for your courage. I do not know many who could have survived what they put you through, from torture to attempting to kill you.

GVB

COMMENT #3 What the Biden administration did with dictating to social media over COVID was a clear warning to us all that even Wikipedia is a tool to manipulate society. What they did to you refusing to report that the bank is the one that pleaded guilty and had to repay all your clients demonstrates that Wikipedia is propaganda. We can no longer trust mainstream media; every social media aspect has been corrupted. This is why individual podcasts are becoming popular.  If you believe Wikipedia on anything political, you cannot possibly have a functioning brain. They have become the symbol of the decline of our society.

Gerry

 

Lenin on Press

REPLY: There is no question that those in power want to control AI and ensure it only puts out their propaganda. OMG, you ask it a question, and it tells the truth? That is just unacceptable. We are no different from the old USSR. That was Lenin’s view – control the press, and you can manipulate society. He has been proven correct time and time again. We are just a herd of sheep being led to the slaughter.

Target on my back

The computer I created and named Socrates has forecast every significant financial crisis and geopolitical event, including war. When the CIA wanted me to build the model for them in 1998 after it forecasted the collapse of Russia, I offered to run any study they wanted, but I was told they had to own it. I understand that was their view from a national security perspective, and nobody else should have that information. At the end of the day, I realize my refusal to turn over the source code has placed a target on my back. So be it. I didn’t realize developing AI would become a risk in a free society.

MA War Cycle 2011 WEC

Not only did I stand up at our World Economic Conference in December 2011, held in Philadelphia, and forecast that war would begin in 2014, but I even put on the blog in 2013 that the place it would begin was Ukraine – the country to watch.

FT June 27 1998

In June 1998, we held our World Economic Conference in London. Little did I know that a journalist from the London Financial Times was there and put our forecast that Russia would collapse on the front page in the weeks ahead. That appeared in the FT on June 27th, 1998. When that happened, the bankers blamed me, claiming I had too much influence, and instructed the CFTC to shut us down.

 

1998 Panic ECM

The computer had forecast Russia’s collapse, manifested in the Long-Term Capital Management Crisis in September 1998. That compelled the Federal Reserve to bail out the bankers and even a hedge fund since they were all on the same trade. They expected a never-ending 30%+ return on Russian debt (GKO) supported by the IMF. Still, the Economic Confidence Model had also projected the very day of the high years in advance for the stock market would be July 20th, 1998. Even the 911 attack took place precisely on the Pi Target during that wave, and the Dow Jones then bottomed precisely in 2002 on the very day of the end of that wave. All of those forecasts came true, and the bankers were just trying for the guaranteed trades, bribing the IMF and people in various governments, never risking a dime from their view.

Forecaster The Movie R

Let me explain something. To even do the movie on me, The Forecaster, also available on DVD, they had to be insured against slander, etc. Lloyds of London insured the film, and to do so, we had to prove that they wanted the computer code since that was NEVER publicly stated in the case openly. A client offered to rent the Institute to keep the forecasts going. I have been told that the bankers instructed the Commodity Futures Trading Commission to shut down our forecasting because they would always lose. Even in the film, one employee said he did his due diligence on my firm with Goldman Sachs before taking a job. He stated in the film that Goldman Sachs always thought they could crush me, but I usually won.

Yeltsin money_laundering_probe_widens_Aug._26_1999

I was asked to invest $10 billion into Hermitage Capital Management to take over Russia. They blackmailed Yeltsin owner a $7 billion money laundering scam to step down and they were going to install Boris Berezovsky as the new President of Russia. All the gold in Russia would go through the Republic National Bank in New York, and I was told I would get $100 billion back as my return. I refused. I was not into regime change.

2022_The Plot to Seize Russia Overview

That blackmail took place in June 1999, and they ran to the government claiming $1 billion was missing, and they had no idea where it was. The prosecutors were so stupid and never asked how someone gets $1 billion out of a bank with no trace. But why let reality stand in the way of a good prosecution in New York City, as Trump discovered?

Alan Cohen GS

Then, they appointed Alan Cohen receiver to run my company, which Goldman Sachs then hired. They ran Princeton Economics from the boardroom of Goldman Sachs. You object to this conflict of interest and are told to shut up. Trump discovered how a prosecutor is then raised to an “acting” judge who gets his case and Bannon. What luck from a random assignment.

 

 

Turnover source code

 

What enabled Marcus Vettor to do the film, even though they were off-the-record demanding the source code to Socrates, was that they put it in writing to a client who wanted to rent the Institute to keep the forecasting going. I was not about to surrender my life’s work to these corrupt, unethical NY scum.

As for Wikipedia, Only a Fool will Donate to them to publish Government Propaganda

 

Wikipedia has become one of the most viewed websites in the world, but can it be trusted as a reliable source? Co-founder Larry Sanger is now warning the public not to trust the website he helped to create. “You can trust it to give an establishment view,” Sanger admitted as he explained that the website’s original design has been destroyed.

Wikipedia was originally created as an open online resource that was committed to neutrality. Between 2004-2009, Sanger said Wikipedia was a pioneer in delivering news from a non-biased perspective but that quickly changed. Users had the ability to edit various pages and debate the information from both sides of the platform, but now it is nearly impossible for the average person to participate. “If you make any edit at all you will be sternly warned or kicked out,” Sanger said, noting this often happens on articles that are “unimportant.”

Sanger believes Wikipedia is completely influenced by the establishment and has turned the site into “a battleground for a version of the truth,” as host Freddie Sayers pointed out. One blatant example is President Joe Biden’s Wikipedia page. Biden’s page has very little criticism or anything “remotely resembling the Republican point of view,” the co-founder commented. Instead, Biden’s Wikipedia page “reads like a defense council’s brief” with no mention of the alternative point of view. In stark contrast, Trump’s page was written from a Democratic point of view and harshly criticizes the former president. In fact, the page accuses Trump of crimes that he has not been charged with committing, such as sparking the January 6 Capitol “siege.” In contrast, Biden’s page fails to mention the Ukraine controversy or any other debacle during his time as vice president or president. Sanger flatly states that Wikipedia is “reliable on the establishment viewpoint,” which is ironic considering its Libertarian co-founders were anti-establishment.

 

Climate Change Committee in the UK – Change Your Diet, Drive EVs, Travel Less

December 2, 2024

Global warming cooling climate change

The United Kingdom’s Climate Change Committee (CCC) is rapidly moving to eliminate useless carbon from the environment by targeting citizens. The agency said that achieving Net Zero will require “behavioral changes” from the people that include curtailing every aspect of life from diet to transportation. But don’t worry, the agency claims the “people seem willing to accept there must be some degree of constraint.”

“In terms of the analysis we’ve done, about 10 percent of emissions reduction to 2035 comes from what we would think of as behaviour change. That’s predominantly around diets, flying and modal shifting [to] public transport,” CCC Director James Richardson said. Richardson said half of the necessary behavioral changes will surround diets as people will forced to consume less meat and find alternative protein sources.

The CCC would like to implement harsh fines on the automotive industry. Richardson compared the switch away from fuel engines as a simple matter of creative destruction. “We know from previous transitions between technologies that incumbent firms can get left behind – we all remember Blockbuster Video or Kodak. When these new technologies come in, it can be easy for incumbents to think they have more time to change than they do,” he stated. Well, we didn’t need to redo the entire infrastructure of the nation to do away with DVDs. There was a benefit to the consumer and private sector in adopting those new technologies. The private sector has shown an unwillingness to switch to EVs, for example, as has the consumer.

Food Shortage

 

Starmer lied at the COP29 summit when he claimed his government would not be “telling people how to live their lives’ by reducing air travel or changing their diets.” Other Build Back Better nations also adhering to the Great Reset are slowly forcing their populations to make changes through taxation on carbon-producing items like cattle or aviation. Yet, how will governments FORCE the people to change their diets and transportation methods? These agencies are overly optimistic for believing the masses will blindly comply with their baseless orders.

The CCC believes that Brits must reduce meat and dairy consumption by an astounding 50% by 2050. “Setting a target is not enough. The UK must back up its international commitments through actions here at home,” the CCC has explained. The agency has already made advancements in reducing the sheep and cattle population. CCC chairman Piers Forster. Forster has suggested imposing high taxes on meat and dairy products to make them less attainable for the average person. The governments will fill their coffers with taxes and the elite will not need to make such “behaviour changes” as these initiatives are meant to benefit the few while punishing the masses.

Insects Eat

Biden killed the Keystone XL Pipeline, as an example, under the premise of climate preservation and look what happened. All the measures taken to reduce fossil fuels have caused costs to skyrocket, but what happens when these measures transfer to the food supply? These nations are hampering their own ability to produce food by destroying cattle and farmland. They’re ensuring costs rise due to taxation. Importing goods has come at an increased cost due to increased demand and higher energy costs. These agencies have no alternative in place aside from lab-grown meat and insects. Is that a change we are willing to make for the benefit of none?

Canada’s Migrant Crisis Costs Rise to $16 Billion Annually

December 2, 2024

I have warned that there will be an exodus of migrants fleeing the United States for Canada in the wake of Trump’s presidency. The Immigration and Refugee Board of Canada said that the sheer volume of asylum seekers has spiked to the highest on record, with the number of cases rising from 60,000 annually to 200,000. New figures state that Canadian taxpayers are now on the hook for $16 BILLION per year to fund Trudeau’s open borders.

The average processing time per asylum seeker was once 14 months, but due to the uptick in cases, it now takes about 44 months for one person to be processed. Deputy Chair of the Refugee Protection Division, Roula Eatrides admitted that 70% of the agency’s inventory is around a year old. The extended wait time has provided those who do not qualify for asylum status additional time to linger in Canada.

“The refugee program was never supposed to be a backdoor entry into our country to get a work permit. It was supposed to be there to help those that were fleeing persecution, that had an act of war in their country of origin, and that wanted to save their lives,” said Conservative MP Arpan Khanna. “Marc Miller himself acknowledges that most of these cases are likely going to be fake asylum claims for folks whose statuses are expiring but want to stay in this country,” said Khanna.

Khanna said Trudeau is the “bad actor” that he has blamed for the nation’s migrant crisis The costs to fund these migrants is simply astronomical. Conservative MP Lianne Rood launched an inquiry over the spring that found taxpayers were forced to pay $224 DAILY to fund the newcomers, a price that will only rise as more migrants reach the Canadian border.

The Canadian government spends about $140 daily on shelter accommodations and $84 on food and other expenses. Liberals created the Interim Housing Assistance Program to house anyone who enters Canada legally or illegally, and those 3,800 rooms were said to have cost $557 million annually as of November 2023. That program was intended to be temporary and fails to provide even a fraction of the space needed. Then the taxpayers are also on the hook for healthcare and legal costs. The public offices catering to the migrants must also receive their pay.

New data has revealed that costs per asylum seeker have rose to $81,760 annually. In comparison, the average Canadian earned over $11,000 less per year. If the 200,000 people registering for asylum are granted permission to stay, the total bill will reach $16.35 annually and counting.

Biden Pardons his Son – Conflict of Interest

December 2, 2024

2024_12_01_20_36_21_Biden_pardons_Hunter_ahead_of_exit_from_Oval_Office_Fox_News

Well, as expected, Biden pardoned his son. I suppose Trump could pardon himself, but he does not have a federal conviction. What difference does it make when you are always remembered for the last thing you do? The NEOCONs are trying really hard to create World War III, so Biden may be remembered for that just as Bush Jr. was remembered for Iraq when he, too, was the patsy for the NEOCONs led by Dick Cheney.

Biden Secon Term

So, when history is written, Biden will be remembered as the most incompetent president in American history, and if Antony Blinken has his way, he may be the one remembered for World War III. So, in the scheme of things, he should just pardon Obama and all the Democrats. History will be concerned about war more than corruption.

 

The Shift from Public to Private

December 1, 2024

2024_11_30_18_12_04_Bond_vigilantes_upend_France_s_debt_market_Credit_Weekly

COMMENT #1: Marty: It is painfully obvious why the bankers always tried to have the government silence you. Every aspect of what you forecast eventually unfolds, turning this random walk theory into propaganda. Bloomberg has reported that French corporate rates are now below government. The shift from Public to Private is right before our eyes.

Thank you for a fantastic WEC. I loved your passion for saving the country if they listen. I also want to enroll my children in your gift to society, a WEC for the next generation. It’s just brilliant.

JD

COMMENT #2: Hi Martin,

As you predicted, corporate bonds of French companies now trade at yields below those of the government. Public to Private wave in full swing.

Best,
PH

 

COMMENT #3: I was in Moscow on business, and you were on national TV. What does that say about America? I have seen you on French TV, but never in the USA. They want to keep us deaf, dumb, blind, and obedient. Tune in, and we will tell you when Kamala will sweep everything. MSNBC lost 40% of its viewers. Truth sells – not propaganda.

SG

Corp Treas

REPLY: We have the largest database of anyone on the planet, covering the globe internationally and with an unlimited scope, from finance to wealth, nature, and disease. When there were the Sovereign Defaults of 1931 in Europe, Asia, and South America, combined with the corporate bankruptcies, the flight to quality was to the US treasuries. Even the City of Detroit suspended its debt.  You see, the peak in the premium for corporate over treasuries was in 1932. That coincided with the low in the stock market. When FDR came into power on March 4, 1933, after winning the 1932 election, you can see that the premium in corporate rates began to decline. In Europe, corporate rates dropped below government as people began to smell a rat.

1927 Secret Banking g4

Britain Suspends Gold Standard 9 21 1931

In 1927, the Fed lowered rates in the States, trying to deflect capital back to Europe. However, the smart money realized that the Fed’s action confirmed that a serious debt crisis was on the horizon in Europe. Even Britain, the Financial Capital of the World before World War I, suspended its debt, as reported on September 21st, 1931.

Corporate US Treasury W 11 30 24

You can track this important relationship through Socrates. When the confidence in the government declines, the capital will always shift from Public to Private and vice versa.

Forecaster The Movie R

The movie The Forecasted was played on national TV, even in Canada, Europe, and Scandinavia. You are correct, and they would never show it in the USA. Anything that shows the true nature of those in power will never be shown.

 

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