Market Talk – April 25, 2024

April 25, 2024

Market Talk 2017

ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 decreased 831.60 points or -2.16% to 37,628.48
  • Shanghai increased 8.08 points or 0.27% to 3,052.90
  • Hang Seng increased 83.27 points or 0.48% to 17,284.54
  • ASX 200 closed
  • Kospi decreased 47.13 points or -1.76% to 2,628.62
  • SENSEX increased 486.50 points or 0.66% to 74,339.44
  • Nifty50 increased 167.95 points or 0.75% to 22,570.35

 

 

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00017 or 0.03% to 0.64993
  • NZDUSD decreased 0.00004 or -0.01% to 0.59351
  • USDJPY increased 0.276 or 0.18% to 155.544
  • USDCNY decreased 0.0122 or -0.17% to 7.26095

 

The above data was collected around 11:06 EST.

 

 

Precious Metals:

  • Gold increased 13.58 USD/t oz. or 0.59% to 2,329.77
  • Silver increased 0.091 USD/t. oz or 0.33% to 27.285

 

The above data was collected around 11:25 EST.

 

 

EUROPE/EMEA:

 

The major Europe stock markets had a mixed day today:

  • CAC 40 decreased 75.21 points or -0.93% to 8,016.65
  • FTSE 100 increased 38.48 points or 0.48% to 8,078.86
  • DAX 30 decreased 171.42 points or -0.95% to 17.917.28

 

The major Europe currency markets had a mixed day today:

  • EURUSD increased 0.00261 or 0.24% to 1.07260
  • GBPUSD increased 0.00483 or 0.39% to 1.25074
  • USDCHF decreased 0.00219 or -0.24% to 0.91231

 

The above data was collected around 14:41 EST.

 

US/AMERICAS:

 

US Market Closings:

  • Dow declined 375.12 points or -0.98% to 38,085.8
  • S&P 500 declined 23.21 points or -0.46% to 5,048.42
  • Nasdaq declined 100.99 points or -0.64% to 15,611.76
  • Russell 2000 declined 14.31 points or -0.72% to 1,981.12

 

Canada Market Closings:

  • TSX Composite advanced 11.66 points or 0.05% to 21,885.38
  • TSX 60 declined 0.11 of a point or -0.01% to 1,311.63

 

Brazil Market Closing:

  • Bovespa declined 260.15 points or -0.21% to 124,480.54

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil increased 0.865 USD/BBL or 1.05% to 83.566
  • Brent increased 1.103 USD/BBL or 1.25% to 89.001
  • Natural gas decreased 0.0327 USD/MMBtu or -1.98% to 1.6218
  • Gasoline increased 0.0284 USD/GAL or 1.04% to 2.7592
  • Heating oil increased 0.0029 USD/GAL or 0.11% to 2.5513

 

The above data was collected around 14:45  EST.

 

  • Top commodity gainers: Copper (1.88%), Oat (5.21%), Cheese (2.09%) and Orange Juice (2.29%)
  • Top commodity losers: Sugar (-2.45%), Cotton (-2.35%), Lean Hogs (-2.03%) and Cocoa (-6.30%)

 

The above data was collected around 14:52 EST.

 

 

BONDS:

 

Japan 0.898% (+0.74bp), US 2’s 5.01% (+0.065%) , US 10’s 4.710% (+6.21bps); US 30’s 4.82% (+0.049%), Bunds 2.6330% (+4.45bp), France 3.129% (+3.9bp), Italy 3.985% (+3.5bp), Turkey 28.045% (+101.5bp), Greece 3.564% (+4.7bp), Portugal 3.285% (+4.5bp); Spain 3.438% (+5.9bp) and UK Gilts 4.372% (+3.78bp)

 

The above data was collected around 14:59 EST.

US GDP & Recession into 2028

April 25, 2024

US GDP 4 25 24

QUESTION: Mr. Armstrong, Socrates correctly picked March as the Directional Change, and it looks like there will be a sharp decline into June. Are you expecting a serious recession with the May 7th turning point on your Economic Confidence Model?

SH

PS It seems like Jamie Diamond uses Socrates since he has just said what you were forecasting, that this will look more like the Stagflation of the 1970s.

ECM Wave 2020 2028 Pi

 

ANSWER: A recession is defined as two consecutive quarterly GDP declines. Socrates projected the start of this decline with the March Directional Change. This should continue to weaken the US economy into June. Yes, we see an economic “recessionary” decline that will befuddle the Federal Reserve, for we are dealing with shortages much like the 1970s, which means inflation rises in a recession-producing Stagflation that we see into 2028. These Neocons want war, and their personal hatreds are running the country – not economics. This is why they hate Trump, who is anti-war, and they want Biden because he allows the UNELECTED agencies to run the country.

We are headed into massive civil unrest even in Canada, and thugs are sent in to break up demonstrations against Trudeau’s climate change tax. Canada will break apart East vs. West just as the USA will possibly split into three sections. CENTRALIZED GOVERNMENTS do not work—Stalin proved that. Nevertheless, career politicians always seek more power, so they are NOT going to make the next four years easy. We are their hated enemy—never forget that.

See You Next Month?

April 25, 2024

Britain Big Ben Flag

See you in precisely one month at the London Economic Confidence Model Seminar!

Can’t attend in person? Keep reading to learn about our virtual ticket option.

Prepare to embark on an extraordinary journey as we count down to an unforgettable experience in the heart of London! Following a hiatus since 2019, we are thrilled to announce our inaugural overseas event at the prestigious JW Marriott Grosvenor House in London, England. Get ready for a transformative one-day seminar on Saturday, May 25, poised to revolutionize your comprehension of global economics.

A Weekend of Exceptional Opportunities: May 24-25, 2024

The excitement begins with an exclusive welcome reception on Friday evening, May 24. Dive into an atmosphere charged with anticipation as we lay the groundwork for a weekend filled with unparalleled learning and networking opportunities. Seize this moment to connect with fellow enthusiasts and industry leaders, forging bonds that could shape your future.

2014 War Cyclew 2011 Conference

Leading the Charge: Renowned Economist Martin Armstrong

At the forefront of this remarkable event stands renowned economist Martin Armstrong. Armed with a distinguished career and a knack for astute predictions, Armstrong will delve into the Economic Confidence Model (ECM) and the pivotal turn date of May 7. Brace yourself for a deep dive into crucial topics that will chart the course of global economics in the years to come.

Limited Seating, Act Fast to Secure Your Place

Unlike our conventional conferences, the London seminar offers a more intimate setting, granting you a rare chance to interact with speakers and peers on a profound level. However, with tickets allocated on a first-come, first-served basis, it’s imperative to seize the moment and secure your spot without delay.

Ticket Information: Choose Your Experience

  • Virtual Ticket (video recording only): $475
    • Video Recording Access (24-48 hrs after event)
    • Presentation Slides
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  • General Admission Ticket (in-person): $875
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    • Accompanying material (if applicable)
    • Welcome Reception Friday evening
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Russia Responds Precisely on Target

April 25, 2024

ECM Ukraine Russia War

Nearly $300 billion worth of confiscated frozen Russian assets have been set to the side by the West. Some of the world’s leading decision-makers have been urging the powers that be to release these funds into Ukraine, arming Russia’s enemy with the private wealth of its own citizens. Russia has finally responded to these threats near our critical turning point during the week of April 19/20, 2024.

Russian authorities released a statement to say that they are fully prepared to implement retaliatory measures.

“We also have a prepared answer,” Valentina Matviyenko, the speaker of the Russian upper house of parliament, was quoted as saying by state news agency RIA. “We have a draft law, which we are ready to consider immediately, on retaliatory measures.” While the precise retaliatory measures have not been stated, it is safe to assume that Russia will begin to confiscate Western assets. “And the Europeans will lose more than we do,” Matviyenko, who is a member of Russia’s powerful Security Council, said.

The response also comes ahead of the critical target of May 7, which also happens to be the next Russian election. The computer selected the date many years ago. The people want a strong leader who will fight to return what is rightfully theirs. The West has never technically been at war with Russia and Russia has been overly patient in awaiting a response. As it seems the funds will be released in the slush fund which is Ukraine, Russia has been forced to respond.

ECM Russia 1991 Pi

It is unclear how much Russia holds in foreign assets. Russian Parliament speaker Vyacheslav Volodin said he believes that Russia would be justified in seizing these assets, especially after the US House of Representatives recently voted on legislation that will expand the illegal seizure of private Russian assets. Russia noted that Europe has more to lose than America because Europeans have more invested in Russia. Europe holds the majority of Russian assets, freezing around $224 billion in assets compared to the $5 to $6 trillion held by the US.

Now Volodin is prepared for more than mere economic warfare. In January, he stated that Russia was prepared to unleash a “global catastrophe” upon all unfriendly nations for creating this proxy war in Ukraine. “Arguments that the nuclear powers have not previously used weapons of mass destruction in local conflicts are untenable. This is because these states have not faced a situation in which the security of their citizens and the territorial integrity of their countries were threatened,” he stated in January 2024. He then stated on Telegram: “With their decisions, Washington and Brussels are leading the world to a terrible war … foreign politicians making such decisions need to understand that this could end in a global tragedy that will destroy their countries.”

EU Rebuild Ukraine with Russian Money

 

Now, the amount frozen surpasses Ukraine’s entire GDP, but world leaders are using it as a ruse to cover up the fact that their own nations are in a liquidity crisis. US Treasury Secretary Janet Yellen falsely claims that sending off these assets to Ukraine would “incentivize [Russia] to come to the table to negotiate a just peace with Ukraine.” She knows that Moscow has been prohibited from seeking a peace treaty since this war began. Putin went on a live stream that was broadcast around the globe and said he would welcome a call from Zelensky at any time to arrange a peace treaty.

The wise have been pouring money out into anything tangible. Everything from collectible cars to art, antiques, coins, and stamps have been rising. Geopolitics have collided with plans for the Great Reset, and private assets will be used on the economic battlefield.

In this wholesale confiscation of private assets, these politicians are using the excuse of Ukraine to implement a completely new normal procedure – the confiscation of billions without asking who the funds belong to and whether there is a connection to the Ukraine war. There is no check or balance for where the money is spent or sent.

 

2023_04_16_08_53_35_Ukraine_War_Causes_Inflation_Higher_Rates_Martin_Armstrong_Greg_Hunter_s_U

For all intents and purposes, the people who lost their life savings are mostly private citizens who have been victims of circumstance. They did not fund Russia’s invasion or have a say in their government’s decisions. Russia now states that they view this as a complete violation of international law as an act of war and they are willing to play the same dirty game.

This will change world trade entirely. People will be wary of international investments in places where they too may face illegal seizures. Why would, say, someone in China continue investing in Europe and the US when hostilities are building with Taiwan? These politicians simply fail to see the longterm damage that their policies create.

The West deliberately pushed Russia to suspend servicing their debts to Western lenders in preparation for their own excuse to suspend their own servicing of debts. As usual with sanctions, not only the person against whom the sanctions are directed, in this case, Russia, is harmed but also this has undermined the entire world economy ensuring its collapse in the years ahead. In this context, it cannot be stressed enough that sanctions historically have never worked and they know that they are generally pointless.

There is absolutely no question that we are headed into a very serious sovereign debt default. Western governments have been engaging in a Ponzi scheme, and the house of cards comes crashing down when they can no longer sell new debt to redeem the old. They need this war as an excuse to cover up their fiscal mismanagement, and they will then start all over again with digital currencies.

Global Taxation – Proposal to Fight Climate Change and Poverty

April 25, 2024

Tax Wealth Tax

Finance ministers from France and Brazil are urging the G20 to implement a minimum 2% tax on billionaires in an effort to fight climate change and poverty. Everyone cheers when the suggestion is to tax someone else, but feigns shock when the rules expand and everyone experiences rising taxation. Global collaborative efforts such as war go against the very problems government agencies claim to combatting. They are deliberately increasing the price of living while simultaneously increasing our taxes.

Brazil’s Fernando Haddad and France’s Bruno Le Maire believe that billionaires should see their wealth decline by 2% (at minimum) every year. “In a world where economic activities are increasingly transnational, we have to find new and creative ways to tax these activities [and] thus direct the revenues to common global endeavours such as ending hunger and poverty and fighting climate change,” said Haddad. Le Marie spoke of GLOBAL TAXATION efforts as “a matter of efficiency and a matter of justice.” “Everybody has to pay his fair share of taxation,” he added. Longtime career politician Bernie Sanders of the US is also in full support of the proposal.

Taxing Worldwide Income

Tune in to what they are actually saying. A collective global entity would like to collect funds from citizens of individual nations through taxation. This far surpasses taxation without representation as they are discussing eliminating personal wealth, for then those within the one world order can spend their looted funds as they see fit. And they certainly will spend it as we have seen time and time again. Government spending is the main problem we face today as monetary policy could never keep up with fiscal, and politicians are content on raising taxes until the people have nothing left.

In America, we saw it happen this past year with the Inflation Reduction Act, Ukraine Aid, migrant funding, and countless spending packages. Everyone, be it lower or middle class, saw their taxes drastically rise. Yes, the promise was not to raise taxes on anyone earning under $400,000 annually – guess what? Governments lie.

The mere concept that individuals could finance government spending is absurd. They can raise taxes to 100% and it would still not be enough to crawl out of the sovereign debt crisis.

AOC Tax Rich

China sits at the table and listens to the discussions but does not make the first move. China is skilled at the art of negotiation and winning over one’s opponent. They have not openly dismissed the idea, but they would not implement it for their own people. Chinese representative Lan Fo’An “demonstrated openness,” according to Reuters, but China does not want to join this collective madness. Capitalism thrives off of entrepreneurs and innovators who create new products, companies, job openings, and entire industries. China is not going to discourage its people from capitalistic endeavors through a global taxation rate. Save them a seat at the table so that they can hear what the others plan to do.

Germany’s finance minister, Christian Lindner of the Free Democratic Party, openly rejected the proposal. “We do not think it is suitable,” he said at a press conference alongside Bundesbank President Joachim Nagel in Washington. “We have an appropriate taxation of income.” Individual nations have their tax codes in place – global taxation is permitting the globalists to steal from citizens of their respective nations.

Zucman does not understand economics, but he does understand how to pander to the establishment. He had the audacity to say that if some G20 nations fail to participate, other nations can simply tax them more to compensate. Zucman and others are already discussing the potential of a Donald Trump win this November as they know he is not supporting the Great Reset or globalist agenda. The world needs Trump to fail in order to conquer America politically.

COVID Tax

The government found a way to house and feed millions of migrants as soon as they entered the country. They could implement other programs to combat poverty if they chose to do so. The billions funneled to Ukraine, for example, could have been spent elsewhere. Instead we are creating multi-trillion dollar packages to combat naturally occurring weather patterns. It is all a mere game and we are the pawns.

Stripping Trump of any Secret Service Protection

April 25, 2024

Thompson Bennie

 

COMMENT: I have been a Democrat all my life, and I am 72. I suppose I was a Democrat because my father was. Like you, after watching what they have been doing to Trump and the flood of illegal aliens that have resulted in my own neighborhood becoming no longer safe, I will vote for Trump. After Bernie Thompson put in a bill to strip felons of Secret Service protection and deny RFK Secret Service protection, it is becoming painfully clear these people will kill opponents just to retain power. That no longer reflects what my father believed in and fought in World War II to protect no I in Vietnam. I have always watched your political forecasts from Socrates with curiosity. Now I can see its forecasts are inevitable.

God bless you for your contribution to humankind.

EL

JFK Willingboro Oct 1960

REPLY: Yes, I grew up in a Democratic house. My father took me to see John F. Kennedy in 1960 in Willingboro, New Jersey. He shook my hand, but unlike Bill Clinton, that did not inspire me to run for president. I was raised with the belief in being fair and against corruption. There is no way my father would be a Democrat today. The Democratic Party no longer represents what it once did.

Through my years, all I have witnessed is how handing ANY power to those in government becomes like a drug addiction, and they will stoop to absolutely anything to retain that power. This is our current crisis. The Democratic motto should be: We have defeated the enemy. We occupy the Hill. We have become the enemy. Walt Kelly, an American cartoonist (1913-1973), said: “We have met the enemy, and he is us!”

Civil Unrest 2023

We all have opinions. Yet, Socrates does not. It has taught me a lot about life and the evolution of society itself. Democrats are discovering that weaponizing the law against Trump has not been successful. The respect for them has collapsed internationally. There is NOBODY I have spoken to outside this country who does not view this as political and shocking. They thought the United States was the beacon of liberty in the world. This is not my personal opinion; these timing arrays have been produced long before our current political crisis. This election in 2024 will NEVER be accepted by either side. You will not have enough police or prison space to contain the civil unrest. Biden is doing everything possible to simultaneously create World War III as a distraction from the political corruption unfolding before our eyes.

 

 

The LEFT is historically ALWAYS the most violent, no matter what country. The LEFTIST revolutions of 1848 and 1917, as well as Mao in China, all resulted in the deaths of OVER 200 million people. You never see this from the RIGHT, which tends to be based on you leaving me alone and me leaving you alone. The LEFT is always determined to control everyone, forcing them to conform to their ideas no matter what country they look at.

2024 Presidential Election by Popular Vote2016 PresElection Copy

We can see that both the 2016 forecast and the 2024 forecast show that Trump should win. This is all based on economics – not polling and asking people. Polls have been wrong so many times. If you asked if Biden would win and you only called people in NYC, Los Angeles, San Francisco, Philadelphia, and Washington, DC, of course, you would get a 70%+ poll. Even for BREXIT in London, our computer was correct, and ALL the polls in London were wrong. They manipulate the questions to produce the bias of the people conducting the poll.

2020 Election Forecast 6 Models

Was the 2020 election rigged? Absolutely! All the studies show that removing the mail-in ballots won Trump’s election. However, the computer showed 50/50 rates with three models for each side. The computer forecasts have been correct. They are by no means my opinion.

10 Decide Election

Normally, at most, 10% of the population decides the president. It is always the independent thinker. Obama won the general election with 52.9% of the popular vote. I have said many times, that the only presidents ever elected with more than 60% were FDR, Johnson after the Kennedy Assassination, and Richard Nixon. Everyone else wins with typically less than 55%. This is NOT a Democracy. We live in a Republic. ALL republics collapse from within. No enemy will defeat America; we are doing that quite well without the help of Putin or Xi. You cannot do what Biden is doing, using a couple of percent to impose a dictatorship upon the rest.

2028 Presidential forecastNow, look at the projections for 2028. I have NEVER seen a president get 70%, no less than 78.3%, of the vote. The footnote that Socrates is highlighting is that there may not even be a 2028 election. We are staring into the eyes of civil unrest that will tear the country apart at the seams.

 

Liberty Crying

The Democrats have been trying to bar Trump from running with the 14th Amendment BS. That has not worked, so they have Soros-backed Democrats prosecuting Trump in four forums, trying to bleed him dry financially while simultaneously keeping him off the campaign trail with outrageous court orders. Even this is not enough. They have utterly destroyed everything the Constitution was meant to prevent. LIBERTY no longer exists. Just look at what they are doing to Jake Lang. This is the treatment you get when they have no valid evidence.

Government never admits mistakes

 

The government lied to us about COVID. That has started the collapse of confidence in the government. Socrates warned the PEAK IN GOVERNMENT CONFIDENCE was 2015.75 on the ECM. Trump was elected in 2016, and the Democrats have been doing everything to defend the SWAMP.

Just look at the so-called terrorists in Guantanamo Bay. Why are they never put on trial and are still imprisoned without Due Process of Law against everything every nation has ascribed to for generations? Because those in government WILL NEVER ADMIT A MISTAKE! The Jury found him not guilty of 223 counts.  Ahmed Khalfan Ghailani was the BEST case they had. Obama reiterated his first campaign promise to close Guantanamo Bay and end torture back in 2008. That was a lie, and it is still open 23 years later. Why has nobody else been placed on trial? Because they have no case. When they tried to secretly release some prisoners, they sent them back in jeans and t-shirts. They were killed because others assumed that they had been brainwashed by the Americans. The government will not put these people on trial because they were WRONG! 

Despite these unprecedented and desperate measures they are now targeting against Trump, he still beats President Joe Biden in key battleground states. They have destroyed the rule of law for political gain, and this alone will destroy the nation because when the other side gains power, they will retaliate and do the same. This is an invitation to prosecutors in the Red States to start going after the Democrats for interfering in the election. We all know now that COVID was a lie, Epstein didn’t kill himself, and Biden didn’t win.

Mill John Stuart Legal Persecution

The unhappy reality is that their illegal campaign against Trump pretending to use law, relentless as it’s been, isn’t working out quite the way they had anticipated. When it comes time to redesign the government, we MUST strip the government of any right to prosecute crimes legally. In ancient Athens, if you killed someone, it was the duty of their family to prosecute you—not the state. The only state crimes were against the state or the gods—i.e., the trial of Socrates. The king of England used to fine people for anything. That was the Magna Carta insistent upon a jury trial.  He lost revenue and then inserted himself into private disputes, claiming the theory it “disturbed his peace.” Suddenly, the King became the prosecutor, and in so doing, he used the law for political purposes, which is what John Stuart Mill wrote in his epic book – On Liberty. He explained that the reform still had not freed the people from “legal persecution.”

Shakespeare Killl Lawyers

The Sixth Amendment to the US Constitution ensured the right to counsel. Why? Shakespeare’s account that the “first thing we do, let’s kill all the lawyers” meant the king’s prosecutors because the people had no lawyers. This is the damage that the Democrats have unleashed upon the United States once again. These trials of Trump are interfering in the 2024 election, and historians will remember it as the beginning of the end of the United States. They will tear our nation apart at the seams. This is all the evil that the American Revolution was about. History repeats.

 

Soros Calls for Assassination of Trump

As Democrats rack their brains to come up with new and more creative ways to destroy Trump and retain power, Alex Soros showed the way implying assassinate Trump. We now have Rep. Bennie Thompson (D-MS), ​​a ranking member of the House Committee on Homeland Security, who has turned his attention to Soros’s suggestion. Soros is not just funding prosecutors to overturn the United States; he is interfering in elections, desperately trying to turn Florida and Texas Blue.

Thompson is trying to set the stage for that assassination by removing Trump’s personal safety.  Thompson introduced a bill designed to strip convicted felons of Secret Service protection. Here is the issue. A felon can run for President – that is NOT a bar to holding office. In case you’re wondering just how many convicted felons are currently receiving Secret Service protection, the answer is ZERO. But all that could change in a New York minute if Trump, who is facing 88 felony charges, is convicted on at least one.

Let me explain something here. THIS IS NOT POLITICAL GRAND STANDING-people are really saying kill Trump! The word behind the scenes is the Democrats are so fearful of losing their control that there are far more people taking that Trump needs a bullet. Even Alan Dershowitz has now come out and publically stated what many of us are hearing behind the headlines. The media would cheer if Trump is assassinated. Never in my entire life did I ever expect to see how low the politics have fallen into pure hatred. There was a guy who said he would put a bullet in Trump’s head, and the Department of Justice can’t find him – clearly because they don’t want to. Democratic Rep. Jason Crow said on CNN, of course:

“Donald Trump is a very violent and dangerous man,” Crow said, speaking on CNN this afternoon. “He is unstable. He is not well … he is a danger to … the domestic security of our nation and the security of individual Americans.” 

Statements like these are inciting violence on the opposite end of the political spectrum. The Democrats are so desperate to change the very fabric of the United States with their WOKE agenda seeking to destroy the family unit and divide groups, pitting them against one another, that we are dangerously cascading into a banana republic where heads of state are just assassinated to win elections. This is not the country I grew up in, and it is not what I wish to leave to my grandchildren.

Lenin Stalin

CENTRALIZED governments are authoritarian, and these decrees from Washington to rule from above are the very same usurpation that Stalin pulled off in Russia. Most assume he poisoned Lenin, who envisioned Russia as a confederation of independent states retaining their sovereignty, as was the case once upon a time in the United States. Lenin has even left a letter warning DO NOT ALLOW STALIN to follow him. When a federal government seeks dictatorial power over everyone, imposing a one-size-fits-all agenda, it cannot possibly survive. God help us! It was Khrushchev who began the de-Stalinization of Russia when he came to office. He tried to return Russia to the vision of Lenin. But the powers that be would not have that, and they staged a coup to remove him from office and replace him with Brezhnev. History repeats because HUMAN NATURE never changes, no matter what country you look at. We are in the midst of a coup to retain centralized power.

This New York Judge Merchan wants to imprison Trump, hoping that will secure the victory for Biden to complete the destruction of the United States as we know it. In this contempt hearing, the prosecutors said they are seeking a fine. “We are not yet seeking an incarceration penalty,” Assistant District Attorney Chris Conroy said. Many have been cautioning about imprisoning Trump. That would divide the country like never before, and there might not be enough police in NYC to protect this judge and prosecutors.  Thus, many have been warning not to imprison Trump, but some have proposed putting him in a holding cell in the courthouse rather than on Riker’s Island. This would create a real nightmare for the Secret Service, but sources confirm they are planning contingencies. This, no doubt, is the support behind Thompson stripping the Secret Service from a felon so Judge Merchan can imprison Trump.

Bidin is pushing a 44.6% capital gains tax plus your state tax, which will devastate investment. Undoubtedly, our computer shows a recession into 2028, which can be achieved by undermining investment. The Democrats did that to real estate and created the Savings & Loan crisis by raising taxes, and they created a sell-only market. Whatever wealth you thought you had in your home will be destroyed under this Democratic proposal. They view us as the enemy, and they decide what we are allowed to keep from our income because the LEFT always sees us as economic slaves, and they own everything. Schwab is saying that when you will own nothing, but you will NOT be happy – I went behind the Berlin Wall before it fell.

Representative Dan Goldman, a New York Democrat and former prosecutor who worked on Trump’s first impeachment inquiry in the House, has been a particularly outrageous Democrat who has vehemently hated Trump, claiming he is a threat to Democracy. But that is minor. He said this during an appearance on MSNBC‘s Inside With Jen Psaki.

“It is just unquestionable at this point that that man cannot see public office again. He is not only unfit. He is destructive to our democracy, and he has to be eliminated.”

The end

If these people assassinate Trump like they did in arranging Epstein to protect his political clients, we are looking at serious civil unrest and the end of the United States. The computer will be correct – there will be no 2028 election.

Democrats Indicting 18 Republicans in Arizona For Claiming Trump Won 2020

April 25, 2024

Mayes Kris Attorney General

We now have another Democrat screwing with the 2024 election to ensure they win. Democratic Attorney General Kris Mayes manipulated a grand jury in Arizona on Wednesday, indicting 18 Republicans with conspiracy, fraud, and forgery for submitting a document to Congress “falsely” declaring that Donald Trump beat Joe Biden in Arizona during the 2020 presidential election. She has listed a “prior U.S. president,” presumably referring to President Trump, as an unindicted co-conspirator. Mayes blacked out the names of seven individuals she indicted, saying they would be released once they were served.

America on Trial Alan Dershowitz

What is wrong with our legal system is that they can indict anybody for anything. I recommend you read America on Trial. All the famous cases that were wrongful prosecutions. You will be shocked at how the government abuses the law all the time.

They are NOT required to tell even the truth to a Grand Jury, and they are NOT required to present ANY contrary evidence. The Supreme Court has WRONGLY held that you have no right to be present at a Grand Jury. You have the right to defend yourself before the jury in court. What is wrong with it is they can accuse you of murdering your spouse with absolutely no evidence whatsoever, throw you in pretrial detention, keep you there for years, or pay an inmate to kill you all with NO EVIDENCE OF GUILT! You are then indicted, and it is your burden to prove your innocence. Our legal system is so bad that it is frustrating. They have killed people, claiming they murdered someone, and have no body or any evidence.

Ham Sandwich

An  Indictment is an ABUSE OF POWER as it is being used today. In Florida, you have Trump fighting just to get a list of who will testify against him. They provide no notice and consistently seek to present guilt by surprise. The way indictments are obtained is really a violation of the spirit of DUE PROCESS OF LAW, where a citizen MUST be provided with clear evidence of such a charge – fair notice.

Wachtler SolLawyers for decades have said a prosecutor can indict a ham sandwich because the system is outright corrupt beyond compare. That phrase was first coined by a New York State Judge named Sol Wachtler (born 1930). Wachtler was the former chief judge of New York State who coined that term in a January 1985 interview with the New York Daily News‘ Marcia Kramer and Frank Lombardi. The relevant portion:

“In a bid to make prosecutors more accountable for their actions, Chief Judge Sol Wachtler has proposed that the state scrap the grand jury system of bringing criminal indictments.

Wachtler, who became the state’s top judge earlier this month, said district attorneys now have so much influence on grand juries that “by and large” they could get them to “indict a ham sandwich.”

A month later, the New York Times noted that Wachtler believed grand juries “operate more often as the prosecutor’s pawn than the citizen’s shield.” This belief—that prosecutors can get grand juries to do whatever they want them to do is universal and if this is not seriously changed, we will see massive civil unrest tear the system apart limb for limb.

HSBC Gag Cover

In my own case, they indicted me, claiming $1 billion was missing. The bank provided NOTHING to show that I ever wired the money out or wrote a check. They just claimed they didn’t know where the money that they stole was. When I told the prosecutor the bank stole the money, he replied – “We believe the bank.” I did an interview with the Japanese press and told them the bank stole the money and that they had better come to New York and file suit against the Bank. The government then files a GAG ORDER on me to stop me from helping my own clients against the bank.

Republic Pays 606 WSJ

All the lawsuits filed against Republic National Bank/HSBC forced them to plead guilty and repay all my clients. The prosecutor made a deal so that nobody from the bank went to prison. When I asked a New York lawyer why no banker ever goes to prison in NYC, he said – “You don’t shit where you eat!”

Owens Richard D

At a reverse proffer session, the prosecutor, Richard D. Owen, admitted to my face, “We know you didn’t steal any money, but we are not going to drop the charges.” 

Docket Sheet Sealed 2013

I filed a motion before Judge Lawrence M. McKenna asking what I was charged with since the bank pled guilty, and they knew there was never any evidence I had withdrawn a dime. The judge ordered the government to respond. They went to the Chief Judge, took my case away from Judge McKenna, and handed it to a hanging judge, Jogn F. Keenan, who just said that the motion was denied, and that was that. They sealed the docket sheet, so I could never find out to this day how they pulled that one off.

Wheel of Fortune

Indictments mean NOTHING. They can lie and say anything to get them, and they are sealed, so you cannot see how they ever got it. As long as the government can indict people, there will never be any justice whatsoever. What this District Attorney is not doing in Arizona for politics is really the final nail in the coffin of the experiment that began in 1776. The Wheel of Fortune has completed its revolution. The tyranny and corruption we revolted against have returned. That is what cycle analysis is all about. The Roman goddess of fortune was always pictured with a cornucopia in one arm and her other hand on the rubber of a ship, symbolizing she could give you great fortune or turn the rubber in a moment and destroy your future. It looks like she is turning the rudder of America.

Market Talk – April 24, 2024

April 24, 2024

Market Talk 2017

ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 increased 907.92 points or 2.42% to 38,460.08
  • Shanghai increased 22.84 points or 0.76% to 3,044.82
  • Hang Seng increased 372.34 points or 2.21% to 17,201.27
  • ASX 200 decreased 0.50 points or -0.01% to 7,683.00
  • Kospi increased 52.73 points or 2.01% to 2,675.75
  • SENSEX increased 114.49 points or 0.16% to 73,852.94
  • Nifty50 increased 34.40 points or 0.15% to 22,402.40

 

 

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00041 or 0.06% to 0.64922
  • NZDUSD decreased 0.00074 or -0.12% to 0.59279
  • USDJPY increased 0.356 or 0.23% to 155.101
  • USDCNY increased 0.01345 or 0.19% to 7.27279

 

The above data was collected around 13:00 EST.

 

 

Precious Metals:

  • Gold increased 2.38 USD/t oz. or 0.10% to 2,325.62
  • Silver decreased 0.012 USD/t. oz or -0.04% to 27.265

 

The above data was collected around 13:01 EST.

 

 

EUROPE/EMEA:

The major Europe stock markets had a negative day today:

  • CAC 40 decreased 13.92 points or -0.17% to 8,091.86
  • FTSE 100 decreased 4.43 points or -0.06% to 8,040.38
  • DAX 30 decreased 48.95 points or -0.27% to 18.088.70

 

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.00087 or -0.08% to 1.06937
  • GBPUSD decreased 0.00022 or -0.02% to 1.24519
  • USDCHF increased 0.00167 or 0.18% to 0.91345

 

The above data was collected around 11:40 EST.

 

US/AMERICAS:

US Market Closings:

  • Dow declined 42.77 points or -0.11% to 38,460.92
  • S&P 500 advanced 1.08 points or 0.02% to 5,071.63
  • Nasdaq advanced 16.11 points or 0.1% to 15,712.75
  • Russell 2000 declined 7.22 points or 0.36% to 1,995.43

 

Canada Market Closings:

  • TSX Composite declined 138 points or 0.63% to 21,873.72
  • TSX 60 declined 9.5 points or -0.72% to 1,311.74

 

Brazil Market Closing:

  • Bovespa declined 90.62 points or -0.07% 10 125,057.45

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil decreased 0.889 USD/BBL or -1.07% to 82.578
  • Brent decreased 0.702 USD/BBL or -0.79% to 87.756
  • Natural gas decreased 0.1106 USD/MMBtu or -6.10% to 1.7014
  • Gasoline increased 0.0021 USD/GAL or 0.08% to 2.7240
  • Heating oil decreased 0.0295 USD/GAL or -1.15% to 2.5434

 

The above data was collected around 13:11 EST.

 

  • Top commodity gainers: Soda Ash (2.06%), Oat (3.25%), Cocoa (7.47%) and Orange Juice (2.18%)
  • Top commodity losers: Rapeseed (-2.00%), Cotton (-3.06%), Natural Gas (-6.10%) and Corn (-2.72%)

 

The above data was collected around 13:19 EST.

 

 

BONDS:

 

Japan 0.891% (+0.49bp), US 2’s 4.94% (+0.010%) , US 10’s 4.6570% (+5.04bps); US 30’s 4.79% (+0.055%), Bunds 2.5865% (+7.95bp), France 3.090% (+9.1bp), Italy 3.950% (+14.7bp), Turkey 28.965% (+192.5bp), Greece 3.517% (+10.5bp), Portugal 3.237% (+9.4bp); Spain 3.380% (+9.9bp) and UK Gilts 4.334% (+8.96bp)

 

The above data was collected around 13:23 EST.

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