Market Talk – October 30, 2024

October 30, 2024

Market Talk 2017

ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 373.71 points or 0.96% to 39,277.39
• Shanghai decreased 20.17 points or -0.61% to 3,266.24
• Hang Seng decreased 320.50 points or -1.55% to 20,380.64
• ASX 200 decreased 68.80 points or -0.83% to 8,180.40
• SENSEX decreased 426.85 points or -0.53% to 79,942.18
• Nifty50 decreased 126.00 points or -0.51% to 24,340.85
The major Asian currency markets had a mixed day today:
• AUDUSD increased 0.00206 or 0.31% to 0.65787
• NZDUSD increased 0.00139 or 0.23% to 0.59832
• USDJPY decreased 0.226 or -0.15% to 153.039
• USDCNY decreased 0.01175 or -0.16% to 7.12982
The above data was collected around 12:44 EST.
Precious Metals:
•  Gold increased 11.92 USD/t oz. or 0.43% to 2,786.93
•  Silver decreased 0.559 USD/t. oz. or -1.62% to 33.917
The above data was collected around 12:48 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
•  CAC 40 decreased 82.75 points or -1.10% to 7,428.36
•  FTSE 100 decreased 59.98 points or -0.73% to 8,159.63
•  DAX 30 decreased 220.73 points or -1.13% to 19,257.34
The major Europe currency markets had a mixed day today:
• EURUSD increased 0.00429 or 0.40% to 1.08627
• GBPUSD decreased 0.00076 or -0.06% to 1.30035
• USDCHF decreased 0.00145 or -0.17% to 0.86580
The above data was collected around 12:50 EST.

US/AMERICAS:

 

US Market Closings:

  • Dow declined 91.51 points or -0.22% to 42,141.54
  • S&P 500 declined 19.25 points or -0.33% to 5,813.67
  • Nasdaq declined 104.82 points or -0.56% to 18,607.93
  • Russell 2000 declined 5.06 points or -0.23% to 2,233.03

 

Canada Market Closings:

  • TSX Composite declined 54.76 points or -0.22% to 24,507.79
  • TSX 60 declined 3.72 points or -0.25% to 1,465.89

 

Brazil Market Closing:

  • Bovespa declined 59.72 points or -0.05% to 130,670.21
ENERGY:
The oil markets had a mixed day today:
•  Crude Oil increased 1.379 USD/BBL or 2.05% to 68.589
•  Brent increased 1.365 USD/BBL or 1.92% to 72.485
•  Natural gas decreased 0.0293 USD/MMBtu or -1.02% to 2.8297
•  Gasoline increased 0.0227 USD/GAL or 1.16% to 1.9808
•  Heating oil increased 0.0439 USD/GAL or 2.05% to 2.1863
The above data was collected around 12:55 EST.
•  Top commodity gainers: Crude Oil (2.05%), Cocoa (2.17%), Heating Oil (2.05%) and Orange Juice (2.72%)
•  Top commodity losers: Rice (-2.43%), Platinum (-3.70%), Palladium (-5.37%) and Milk (-10.73%)
The above data was collected around 13:02 EST.
BONDS:
Japan 0.9530% (-2.36bp), US 2’s 4.15% (+0.044%), US 10’s 4.2620% (+0.3bps); US 30’s 4.48% (-0.007%), Bunds 2.3935% (+5.95bp), France 3.125% (+4.6bp), Italy 3.6430% (+7.8bp), Turkey 28.280% (+0bp), Greece 3.273% (+5.2bp), Portugal 2.787% (+7.4bp); Spain 3.098% (+8.7bp) and UK Gilts 4.3620% (+4.16bp)
The above data was collected around 13:07 EST.

Trump’s Former Advisors Discuss How He Could End Ukraine War

October 30, 2024

Armstrong on war never ends

Donald Trump has long stated that he would end the war in Ukraine if elected president. Confident in his ability to do so, the former president has stated he could end the conflict in 24 hours, and has guaranteed to do so before he actually enters the White House. He finally revealed how he intends to accomplish such a feat.

It begins by revisiting the failed Minsk Agreement – the entire premise of the current war. François Hollande and Angela Merkel representing France and Germany at the time brokered the agreement between Russia and Ukraine. The Organization for Security and Co-operation in Europe (OSCE) monitored negotiations and both sides agreed to an immediate ceasefire. Russia withdrew troops from Ukraine for one primary reason — the Donetsk and Luhansk regions were to be occupied territories that would have the autonomy to vote in their own elections.

These regions were never Ukrainian territory. It was occupied by Russians for centuries. The people there had a right to their own lives. The Ukrainians demanded they no longer speak Russian and they sought to deny them even their own religion and they were to report to Kyiv instead of Moscow. This was like Mexico reclaiming Texas and demanding English was to be outlawed and only Spanish was to be spoken and all religions were to be outlawed except allegiance to the Archbishop of Mexico.

The ethnic Russians in the Donbas did not want to submit to a central government from Kyiv itself. The Obama Administration really opposed this sort of settlement on the grounds of old-world empire theory predicated on the territorial integrity of Ukraine. Such policies have led to the death of hundreds of millions of people over the centuries.

Merkel_Minsk_Buy_Time_to Prepare for wart

Europe brokered the Minsk Agreement as a ploy to buy time. Angela Merkel admitted a few years ago that they negotiated in bad faith with Putin simply to allow Ukraine time to fortify itself thereby buying time to build its army. She also said that at the time, NATO was weak and could not provide support to Kyiv to the extent they do currently. The Minsk agreements were signed to pretend to resolve the Donbas conflict.

WHY would Putin ever agree to any agreement with Ukraine when they NEVER comply with what they agree to. It is now abundantly clear that the Minsk agreements were NEVER intended to be carried out by the current Kyiv government. They were simply used to buy time to build up their forces for war against Russia.

Zelensky_Tells_Trump_NATO or Nukes

Another stipulation is that Ukraine may never join NATO. Russia has repeatedly stated that it is not battling Ukraine but the NATO alliance that has them cornered. NATO has become the aggressor in this conflict that has grown to such proportions that admitting Ukraine would instantly lead to World War III under Article V that demands all NATO members attack in unison.

Trump’s former advisors have stated that America would have no role in enforcing any peace treaty agreements. This is not our war. “There are two things America will insist on. We will not have any men or women in the enforcement mechanism. We’re not paying for it. Europe is paying for it,” his former advisor added.

A strong leader like Donald Trump who does not align himself with the neocons could possibly persuade Putin, but who will persuade Zelensky? Zelensky’s Victory Plan includes the annihilation of Russia which is precisely what the neocons have been after. Who will convince the allies who have provided trillions in funding to Ukraine? Let’s also remember that the neocons are on both sides of the political spectrum and Trump would have trouble convincing his fellow Republicans to walk away from this war.

I’ve said it numerous times, but one of the most impressive traits Trump displayed to me was empathy. When I went to visit Mar-a-Lago in 2020, Trump said he was tired of calling mothers to tell them that their sons died fighting in the Middle East. It was the first time I heard a politician actually discuss the citizens on the battlefield who are sent off to die in these neocon war games. Trump said that there had been war in the Middle East for most of known modern history and America simply had no place there. Likewise, America has no place in Russia or Ukraine.

Socrates states that Trump could slow down the war cycle, but he cannot prevent the inevitable. It is true that Donald Trump could delay the onset of the growing global conflict BUT he cannot alter the cycle. Our computer shows that war could break out by 2027, and the financial implications will be fully felt by 2028.

Japan Providing Ukraine $3B in Stolen Russian Assets

October 30, 2024

World Bank

Japan announced one of its largest aid packages to Ukraine to the tune of $3.09 billion (471.9 billion yen). The fund is merely part of the G7 scheme to use frozen Russian assets to finance the war. In total, the G7 is prepared to redistribute $50 billion in Russian assets to Ukraine.

This plan will pass through the World Bank and the Japan International Cooperation Agency (JICA). The Japanese government has said it plans to oversee how Ukraine spends these funds, insisting that the aid is simply for human aid rather than military purposes.

No nation has been able to determine how Ukraine is using the endless aid they’re supplied. Portions are funneled back into the military-industrial complex and paid out to the very nations supplying aid. Everyone acts on the invisible hand in their own best interest. None of these aid packages were meant to be a handout, and Ukraine would suffer the repercussions. It is ridiculous to say that individual nations are contributing when they are using frozen Russian funds. The majority of these funds were ceased from private Russian citizens and companies who have committed no crime other than being Russian.

They stipulate this by saying they will only loan Ukraine money made on the profits of holding these assets. The risk will be shared among the G7 nations, and this risk is substantial, for Ukraine will no longer exist as a nation when this is over based on our computer models. Zelensky is too busy stuffing his pockets to care about his people or the future. He is banking on NATO invading Russia and extinguishing it as a country so he can then seize all the assets of Russia for Ukraine.

These nations are teetering on the edge by using these assets as collateral. Putin could confiscate ALL assets held by Western countries and private/public corporations under these new economic warfare tactics that completely violate international law. Zelensky has been demanding the full $300 billion in confiscated Russian assets as no sum will ever be enough for his bottomless pockets.

These funds are yet another reason why the war cannot simply end. Russia will demand that these funds be reinstated. Trump could be sworn into office and attempt to broker a deal with Putin, but all the other nations in the G7 will be against him. The US has already provided Ukraine $20 billion in Russian assets through the World Bank who would not likely reimburse a single nation’s “contributions.”

Will the G7 attempt to do the same to China when tensions in Taiwan heat up? No one seems to understand the consequences of these lowly actions, which have not prevented Russia from waging war or looking for alternative trade partners. One day, they will look back on these actions as an epic mistake, as there is no longer respect for international law; the rules no longer apply.

Is an Ice Age Coming?

October 30, 2024

2025 Gulf Stream Collapse

QUESTION: Does your model still predict that we will turn colder in the winters ahead? Live Science seems to be confirming what you forecast, maybe five years ago, for the post-2024 period.

FL

Game of Throne Global Warming is Coming

ANSWER: While the Climate Zealots have been touting Global Warming, the opposite is unfolding. Our earth models have been warning that we are NOT in this Global Warming nonsense. We should have stockpiled food like Joseph told the Pharaoh. There is also a polar vortex forming that warns of Extreme Winters ahead. This, too, is a powerful winter force.

White Walker Close Up

Ads the warned in Game of Thrones, Winter is Coming – not Global Warming. A Polar Vortex also involves the Jet Stream moving south. That typically protects us from extreme cold. But moving south warns us that we can experience extreme cold periods. I will update that research after the WEC. I just have my hands full right now.

Market Talk – October 29, 2024

October 29, 2024

Market Talk 2017

ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 298.15 points or 0.77% to 38,903.68
• Shanghai decreased 35.79 points or -1.08% to 3,286.41
• Hang Seng increased 101.78 points or 0.49% to 20,701.14
• ASX 200 increased 27.70 points or 0.34% to 8,249.20
• SENSEX increased 363.99 points or 0.45% to 80,369.03
• Nifty50 increased 127.70 points or 0.52% to 24,466.85
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00269 or -0.41% to 0.65563
• NZDUSD decreased 0.00251 or -0.42% to 0.59637
• USDJPY increased 0.304 or 0.20% to 153.474
• USDCNY increased 0.00188 or 0.03% to 7.14519
The above data was collected around 14:27 EST.
Precious Metals:
•  Gold increased 28.79 USD/t oz. or 1.05% to 2,773.23
•  Silver increased 0.705 USD/t. oz. or 2.09% to 34.415
The above data was collected around 14:34 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
•  CAC 40 decreased 45.83 points or -0.61% to 7,511.11
•  FTSE 100 decreased 66.01 points or -0.80% to 8,219.61
•  DAX 30 decreased 53.55 points or -0.27% to 19,478.07
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00049 or -0.05% to 1.08127
• GBPUSD increased 0.00337 or 0.26% to 1.30081
• USDCHF increased 0.00286 or 0.33% to 0.86756
The above data was collected around 14:41 EST.

US/AMERICAS:

 

US Market Closings:

  • Dow declined 154.52 points or -0.36% to 42,233.05
  • S&P 500 advanced 9.4 points or 0.16% to 5,832.92
  • Nasdaq advanced 145.56 points or 0.78% to 18,712.75
  • Russell 2000 declined 6.16 points or -0.27% to ,238.09

 

Canada Market Closings:

  • TSX Composite declined 3.11 points or -0.01% to 24,562.55
  • TSX 60 declined 1.28 points or -0.09% to 1,469.61

 

Brazil Market Closing:

  • Bovespa declined 418.68 points or -0.32% to 130,793.9
ENERGY:
The oil markets had a negative day today:
•  Crude Oil decreased 0.135 USD/BBL or -0.20% to 67.245
•  Brent decreased 0.275 USD/BBL or -0.39% to 71.145
•  Natural gas decreased 0.0075 USD/MMBtu or -0.26% to 2.8555
•  Gasoline decreased 0.0247 USD/GAL or -1.25% to 1.9506
•  Heating oil decreased 0.0041 USD/GAL or -0.19% to 2.1368
The above data was collected around 14:44 EST.
•  Top commodity gainers: Wheat (2.23%), Cocoa (4.77%), Palm Oil (2.85%) and Lean Hogs (2.54%)
•  Top commodity losers: Methanol (-1.62%), HRC Steel (-2.36%), Orange Juice (-1.99%) and Coffee (-1.91%)
The above data was collected around 14:52 EST.
BONDS:
Japan 0.9770% (+0.25bp), US 2’s 4.13% (-0.026%), US 10’s 4.2750% (-1.1bps); US 30’s 4.52% (-0.015%), Bunds 2.3250% (+4bp), France 3.080% (+6.7bp), Italy 3.5510% (+5.5bp), Turkey 28.280% (+10bp), Greece 3.207% (+7.2bp), Portugal 2.726% (+3.3bp); Spain 3.014% (+5.4bp) and UK Gilts 4.3200% (+5.61bp)
The above data was collected around 14:56 EST.

BRICS will not kill Dollar – War Will

October 29, 2024

BRICS Currency

QUESTION: Marty, I know you will not say who you advise, but we know you were the only Western analyst called in by China during the Asian Currency Crisis. People have also seen you in India at that famous hotel that the terrorists attacked. China even issued a white paper on how their central bank uses Capital Flow Analysis, which you invented. That said, my question is: The BRICS had everyone expecting a gold-backed currency if that failed. You also said in an interview that the new BRICS currency would not displace the dollar. Would you comment on why a gold-backed BRIC note would fail since they seem to have taken that position from you?

QB

BRICS Note

ANSWER: The BRICS currency was created for geopolitical reasons when the Neocons transformed the SWIFT system into an economic weapon and even threatened China that they would do the same to them if they supported Russia. Once that occurred, the Neocons transformed the entire world’s monetary system into a weapon of war. That is why we have the BRICS. It had nothing to do with killing the dollar or backing their currency with gold.

Wholesale Price Inflation Gold Fluctuated

Many hoped for an official announcement regarding a gold-backed currency, which failed to materialize. Look—a gold-backed currency would be massively deflationary. The money supply could not expand with the population or in times of need without new discoveries. Just because a currency is gold does not eliminate inflation or deflation. All the gold discoveries during the 19th century in California, Alaska, and Australia caused havoc economically. Then there were wars. The fact that gold was the currency did not prevent inflation.

1715 FleetCobSet 2

Spain defaulted 7 times. All the gold and silver they brought back from the New World caused massive European inflation. Those who preach that a gold standard is the answer know nothing about history.

Tiberius Aureus Genuine India Imitation

Gordian III AV Inidian Imitation

They blame “fiat currency” as if this will solve all the problems by eliminating it. There were booms and busts throughout ancient times long before there was paper money. ALL currency is fiat, even when it is gold. I have shown that Southern India routinely imitated Roman gold coins because they had a premium over gold – fiat. Northern India and the Kushan Empire did issue their own coinage mainly because they traded more with China. Southern India stuck imitation Roman gold coins for about 250 years.  That confirms that the Roman coinage was worth more than the metal content.

BRICS Will Not be a Gold-Backed Currency or a Dollar Killer

Strong EuroEuro US Clear

 

They made the same claims about the Euro. That, too, did not work out well. Why? The value of a currency is the productive capacity of its people—not its gold reserves. Japan and Germany lost the war and rose to the top of the economic food chain because their people were productive. The United States has the largest CONSUMER-BASED economy, so everyone needs to sell their products here. That means that they must sell in dollars. The US is also strong militarily. That also adds to the foundation of the currency.

UK Debt 1692 2012

It is time we abandon all of these old, stupid economic theories, leftovers from the 18th and 19th centuries. The economy has evolved since then. The Neocons are destroying the dollar. They are undermining the future of the United States, and when we lose another one of their endless wars, the financial capital will shift from New York to Beijing. Just as war killed Britain, so will it kill the dollar and the United States.

Holacust Survivors Demand Democrats Stop Comparing Trump to Hitler

October 29, 2024

“TRUMP PRAISED HITLER” was projected onto the side of Madison Square Garden during the latest Democratic National Convention. The rhetoric comparing Donald Trump to Nazi madman Adolf Hitler has been overwhelming over the past week. Holocaust survivors are now speaking out against the Democrats for their dangerous and insensitive pomposity.

“I know more about Hitler than Kamala will ever know in a thousand lifetimes,” 94-year-old Jerry Wartski, whose family survived Auschwitz, “For her to accuse President Trump of being like Hitler is the worst thing I’ve ever heard in my 75 years living in the United States.”

MSNBC recently created a shameful video compilation with actual Nazi Party footage from 1939 to compare it to a recent Trump rally. Wartski happened to be in attendance that day. “But that jamboree happening right now, you see it there on your screen in that place is particularly chilling because in 1939, more than 20,000 supporters of a different fascist leader, Adolf Hitler, packed the Garden for a so-called pro-America rally,” MSNBC claimed. Wartski is now demanding an apology from Kamala Harris.

Kamala Harris told Anderson Cooper on national TV during her disastrous CNN interview that Trump was attempting to force US military generals to be more like the Third Reich. “Donald Trump is out for unchecked power. He wants a military like Adolf Hitler had, who will be loyal to him, not our Constitution,” Harris posted to X this week. “He is unhinged, unstable, and given a second term, there would be no one to stop him from pursuing his worst impulses.”

Tim Walz is also following propaganda protocol by referring to Donald Trump as Hitler. “Don’t miss on this, go do your Google on this — Donald Trump’s got this big rally going at Madison Square Garden,” he told supporters. “There’s a direct parallel to a big rally that happened in the mid-1930s at Madison Square Garden. And don’t think that he doesn’t know for one second exactly what they’re doing there,” Walz said.

Hillary Clinton was the first to deem Trump’s MSG rally a reenactment of the 1939 Nazi rally held in Madison Square Garden. Clinton is still processing her 2016 loss but claims Donald Trump will be more unhinged and dangerous if re-elected, as if he put the nation was previously in danger. She told the talking heads on the View that German citizens dually elected Hitler, hinting that perhaps the American public should not be selecting its leader.

They have already demonized Trump. The real implication here is that one side of the political spectrum wants to demonize YOU. If Trump is Hitler, then his voters are Nazis and Nazi supporters. The media and Democrats are painting YOU as extreme nationalists for opposing Marxism and communism. They are inciting half the country to take action AGAINST YOU.

Russia Accused of Election Interference in Georgia

October 29, 2024

2024 Election Crisis

Socrates highlighted 2024 as a year for rising geopolitical tensions. Elections everywhere are drenched in conspiracies and fraud accusations. Protests have erupted in Georgia as the governing party has accused Russia of interfering in the election. President Salome Zourabichvili refuses to accept the results and believes the people wanted to side with the pro-West party that aspired to join the European Union.

“We’ve seen that Russian propaganda was directly used,” said Zourabichvili, a fierce critic of Georgian Dream, the governing party. She said the government has been “working hand-in-hand with Russia,” and “probably” received help from Moscow’s security services.

The European Union took it a step further and urged the Georgian authorities to “”swiftly, transparently and independently” investigate “irregularities.” “Those irregularities must be clarified and addressed. That is a necessary step to re-building trust in the electoral process,” the European Commission and High Representative Josep Borrell said in a joint statement, stressing the need for “constructive and inclusive dialogue across the political spectrum.”

Brussels has long has issues with Georgia’s attempts to integrate into the EU because the nation does not hold the same values as Brussels, plain and simple. The EU has been urging Georgia to adopt its same policies on everything from social issues to trade but Georgia is its own nation.

Now, the Georgia Dream secured 54% of the vote. Irakli Kobakhidze of the Georgian Dream party told the BBC’s Steve Rosenberg that irregularities happen in many elections but he firmly believes the outcome is the will of the people. “Of course we have to address these irregularities happening on the day of the election or before,” the Georgian prime minister told the BBC. “But the general content of the elections was in line with legal principles and the principle of democratic elections.”

Russia has denied the allegations. Denying the results of an election has become commonplace as we just saw with Venezuela, Moldova, and elsewhere. Republics everywhere are showing extreme strain as those in alliance with the New World Order will not accept an incoming party that does not align with their ideals.

UK – Lowest Fertility Rate in G7

October 29, 2024

Decline in Birthrate

Birth rates are plummeting across the world — America, Canada, South Korea, Singapore, Taiwan, Italy, Japan, Russia, and now England and Wales. Nearly every developed country has seen a large decline in the fertility rate as a direct result of economics. People simply cannot afford the costs associated with raising children and it is slowly changing civilization. England and Wales recently reported the lowest fertility on record since it began collecting data in 1938. Fertility rates in the UK are falling faster than any other G7 nation.

The total fertility rate (TFR) fell to 1.44 per woman in 2023 compared to 1.49 in 2022, marking the lowest on record since the Office for National Statistics (ONS) began collecting data. There were 591,072 new births recorded last year but that is the lowest figure since 1977. The ONS stated that “natural” population replacement may only occur when women have a fertility rate of 2.1 children.

Fertility rates across the world are plummeting but individual nations are seeing their populations explode as a direct result of immigration. In fact, the number of migrants entering the UK far surpasses the birth rate, with an estimated 685,000 migrants entering the UK in 2023.

We are witnessing population replacement at play. Birth rates are declining across developed nations among the citizens who can no longer afford to expand their families. On the other hand, these nations opened their borders and provided free shelter, healthcare, etc., to migrants who are comfortably expanding their families. In the UK, we are witnessing a  Christian nation being replaced with Islamic views and ideals as most migrants arrive from the Middle East, and their culture encourages having larger families. We are witnessing a shift in society as the current citizens are being phased out and replaced by newcomers.

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