Market Talk – October 3, 2024

October 3, 2024

Market Talk 2017

ASIA:
The major Asian stock markets had a mixed day today:
• NIKKEI 225 increased 743.30 points or 1.97% to 38,552.06
• Shanghai closed
• Hang Seng decreased 330.22 points or -1.47% to 22,113.51
• ASX 200 increased 7.00 points or 0.09% to 8,205.20
• SENSEX decreased 1,769.19 points or -2.10% to 82,497.10
• Nifty50 decreased 546.80 points or -2.12% to 25,250.10
The major Asian currency markets had a mixed day today:
• AUDUSD decreased 0.00391 or -0.57% to 0.68450
• NZDUSD decreased 0.00427 or -0.68% to 0.62159
• USDJPY increased 0.199 or 0.14% to 146.774
• USDCNY increased 0.01112 or 0.16% to 7.04855
The above data was collected around 15:35 EST.
Precious Metals:
•  Gold decreased 2.35 USD/t oz. or -0.09% to 2,657.97
•  Silver increased 0.235 USD/t. oz. or 0.74% to 32.082
The above data was collected around 15:37 EST.
EUROPE/EMEA:
The major Europe stock markets had a negative day today:
•  CAC 40 decreased 99.81 points or -1.32% to 7,477.78
•  FTSE 100 decreased 8.34 points or -0.10% to 8,282.52
•  DAX 30 decreased 149.34 points or -0.78% to 19,015.41
The major Europe currency markets had a mixed day today:
• EURUSD decreased 0.00174 or -0.16% to 1.10283
• GBPUSD decreased 0.01417 or -1.07% to 1.31210
• USDCHF increased 0.00275 or 0.32% to 0.85270
The above data was collected around 15:41 EST.

US/AMERICAS:

US Market Closings:

  • Dow declined 184.93 points or -0.44% to 42,011.59
  • S&P 500 declined 9.6 points or -0.17% to 5,699.94
  • Nasdaq declined 6.65 points or -0.04% to 17,918.48
  • Russell 2000 declined 14.47 points or -0.66% to 2,180.53

 

Canada Market Closings:

  • TSX Composite declined 33.05 points or -0.14% to 23,968.5
  • TSX 60 declined 3.17 points or -0.22% to 1,424.29

 

Brazil Market Closing:

  • Bovespa declined 1,933.94 points or -1.45% to 131,581
ENERGY:
The oil markets had a green day today:
•  Crude Oil increased 3.856 USD/BBL or 5.50% to 73.956
•  Brent increased 3.989 USD/BBL or 5.40% to 77.889
•  Natural gas increased 0.0842 USD/MMBtu or 2.92% to 2.9702
•  Gasoline increased 0.0877 USD/GAL or 4.36% to 2.1012
•  Heating oil increased 0.1065 USD/GAL or 4.85% to 2.3041
The above data was collected around 15:43 EST.
•  Top commodity gainers: Crude Oil (5.50%), Brent (5.40%), Heating Oil (4.85%) and Gasoline (4.36%)
•  Top commodity losers: Copper (-2.22%), Wheat (-1.83%), Zinc (-2.44%) and Nickel (-2.09%)
The above data was collected around 15:48 EST.
BONDS:
Japan 0.8270% (+0.75bp), US 2’s 3.71% (+0.058%), US 10’s 3.8460% (+5.8bps); US 30’s 4.18% (+0.048%), Bunds 2.1480% (+4.6bp), France 2.935% (+7.1bp), Italy 3.4820% (+5.5bp), Turkey 29.445% (+32.5bp), Greece 3.147% (+3.1bp), Portugal 2.7170% (+4.6bp); Spain 2.942% (+5.5bp) and UK Gilts 4.0230% (-0.24bp)
The above data was collected around 15:51 EST.

Can the Republic be Rescued?

October 3, 2024

Rescue_the_Republic

COMMENT: I attended the Rescue the Republic gathering and was very disappointed. Peterson merely identified the NeoMarxist agenda, but nobody seemed to have any honest solution. It is clear they do not understand history, human society, and the outcome. Your comments about the Civil War being economic to the South and religious to the North were insightful. They would not invite you because you know history, mankind, and the only solution that history presents.

I’ll see you in Orlando. Please keep up the work. One day, these idiots will see you as the Ben Franklin of our times. I only went because you posted that the event would take place.

HP

Lincoln House Divided

REPLY: I did not watch the event. The American Civil War could have been prevented, as could our deep divide today, if anyone had just sat down and looked at both sides. The North saw slavery as immoral. They wanted to outlaw it, not so different from the issue of Abortion. Yet the solution was right there before everyone’s eyes. It was freeing the slaves with no understanding of the economic consequences for the SOUTH and the slaves themselves because 70% of the economy was agriculture. There would be no jobs outside of that field. The Industrial Revolution was just in its infancy. Not one person I have read in the press of the day even raised the question – What will the slaves do for employment when freed?

 

Take the Iraq War. Here is Tony Blair apologizing. He says he THOUGHT they were freeing the people of Iraq from tyranny, just like the US Civil War in freeing the slaves, but they subjected them to sectarian violence they never anticipated. Saddam kept the religious zealots in check. Removing him unleashed ISIS and began the mass migration to Europe.

The American Civil War saw most of the slaves remain in the South, and instead of getting free room and board, they now had to pay for that and, in return, receive a wage. This was not an easy solution. The 14th Amendment that they tried to use against Trump was to bar anyone from the South from holding office in Washington – a different form of tyranny whereby the South was just conquered and denied representation in a pretend Republic. The LEFT is already pushing the CANCEL CULTURE and rigging votes to suppress the opposition. We have no viable republic anymore. We have crossed the Rubicon already. There is no ending this nightmare.

If we looked at things from the middle ground, slavery was IMMORAL to the North, yet the foundation of the economy with a labor force to the SOUTH. Had anyone proposed a solution of a transition from slavery to wage employment and proposed such a transition, the war could have been avoided.

Alexander II of Russia

The entire US Civil War and the freeing of the slaves were set in motion by Russia. Alexander II freed all the serfs, and his Emancipation was used to push the US to follow suit. In Russia, the serfs also did not own land, and the same transition unfolded, but this eventually led to the Communist Revolution because the serfs owned no land of their own. As I have said, the LEFT always becomes violent because they preach that they are the victims of the capitalists.

What you experienced at Rescue the Republic was the classic issues that only illustrated the deep divide. As always, they pointed to the other side, yet nobody even looked at the outcome. Just like with the Civil War, Russia freeing the serfs, or even the Iraq War, there was NEVER any practical understanding of the consequences of their actions.

Rescuing the Republic is absurd. It presumes that the LEFT will suddenly realize they are wrong. With both sides throwing eggs at each other, there is no solution when one side yields to be suppressed by the other. Get real! Their failure to understand history and even human society only propells us into war.

We will deal with this at the WEC.

PS, I don’t want to be like Ben Franklin and be carried into the next Constitutional Convention because I can no longer walk. Let someone else take that honor. I have done what destiny has compelled me to do. I have experienced it all from the outside and the inside. As I always have said, a man cannot write a book about how it FEELS to give birth without experience.

When Sanctions Worked – Iran

October 3, 2024

(Donald Trump speaking SEVEN years ago at the United Nations)

Iran Currency

Former President Donald Trump calculatedly weakened Iran’s economy to the point that it could not fund proxy wars. In May 2018, Trump withdrew America form the Joint Comprehensive Plan of Action, also known as the Iran nuclear deal. The Trump Administration cut Iran off from receiving arms by reactivating an embargo through the United Nations. Sanctions only work in extremely rare situations, Trump’s sanctions on Iran were one of those exceptions. The Iranian economy crumbled under US imposed sanctions of crucial sectors such as energy. Donald Trump declared that these measures would prevent “illicit terrorist and nuclear activities.”

The United Nations reared its head and began to question whether Trump’s actions were legitimate. The world turned against Trump once again, with America’s own allies, including the European Union, openly opposing these sanctions, which they felt were too harsh. Trump was accused of waging unnecessary economic warfare and abandoning diplomacy.

The establishment quickly undid Trump-era sanctions to embolden Iran. The neocons needed their opponent to fund the proxy war, after all. Bien waived sanctions on Iran and attempted to revive the Iranian nuclear deal, as did the European Union. In March 2023, Joe Biden and Kamala Harris released over $10 billion in frozen Iranian assets held in Iraq and South Korea. Biden-Harris insisted that Iran needed humanitarian aid and that these funds would help rebuild the Iranian economy. Despite active terrorist groups running the nation, Joe Biden and Kamala Harris lifted the terrorism designation for the Houthis before later reimplementing at the request of Israel. Iran has been permitted to rebuild its military, which it has always intended to use against the West.

Look what happened. Iran has launched over 200 ballistic missiles at Israel and is fully prepared to fight the West in a proxy war. “I’ve been talking about World War III for a long time, and I don’t want to make predictions, because the predictions always come true,” Trump said at a recent rally. “But they are very close to global catastrophe.” He accused “the two incompetent people running our country” of pushing the United States to the “brink of World War III.” “We have a non-existent president and a non-existent vice president who should be in charge, but nobody knows what’s going on,” he said.

Our weakened leadership only further emboldened Iran. Joe Biden is eating ice cream on a beach in Delaware and cannot form a coherent sentence. Kamala Harris has no original ideas, simply warning Iran, “Don’t.” Iran is not a small child. Donald Trump was seen as a loose cannon but other nations feared his unpredictable actions. He did not coddle Iran or attempt to maintain diplomatic relations with a terrorist state. Iran KNEW it had to refrain from making any missteps because President Donald Trump was prepared to destroy them without hesitation. Harris, on the other hand, boycotted Israel’s recent visit to the US and showed Iran that America is no longer a superpower.

Illegal Migration to Italy Falls 64%

October 3, 2024

Refugees Just Men

The globalists condemned Italy’s Giorgia Meloni for promising to curb immigration if elected. As with Donald Trump, she was called a racist for wanting to secure her nation’s borders. Italy was facing an all-out invasion by land and sea under relaxed European Union edicts that permitted open borders. Now, under Meloni, illegal immigration has dropped 64% in the past year.

Over 150,000 migrants arrived in Italy by boat in 2023, nearly doubling the new arrivals seen in 2022. Instead of building shelters to house migrants with taxpayer funds, Meloni sought to build detention centers. Centri di Permanenza per il Rimpatrio (CPRs) or Repatriation Centers were extremely controversial but effective. Thousands of migrants were detained and deported if their application for asylum was denied. Word traveled that conditions in these centers were less than desirable, making Italy itself less desirable for would-be intruders.

MeloniVictory

Meloni hosted a conference last July, inviting 20 nations to participate, including EU officials and North African leaders. As with politics, there is always a pay-to-play bargain. Italy, along with the EU, agreed to provide Tunisia funding if they worked to control the outpouring of people from their country. Italy agreed to help the Libyan government in Tripoli and helped their coastguard learn tactics to deter migration. Deals were made with North African nations that benefitted each country. The Mattei Plan launched nine projects across six African countries in exchange for their participation in fighting illegal immigration to Italy. Although it came at a cost, the price was far less than Italy would have paid to house endless newcomers.

Then there was the Naval blockade proposal whereby Meloni wanted the Mediterranean secured. European Commission President Ursula von der Leyen only agreed to offer Meloni support when she realized that migrants were using Italy as a starting point to enter other European nations.

There is no need for open borders. World leaders do have the ability to act if they choose to do so. The United States, Canada, the UK, and elsewhere in Europe are witnessing a deliberate and calculated invasion of their borders. It begins with the rhetoric that illegal trespassing will not be tolerated, and ends with actions that show the world their threats are not baseless. A decrease in 64% is quite significant and proves that anti-immigration policies are extremely effective.

Canada’s Birth Rate Plummets

October 3, 2024

Crying

For the second consecutive year, fewer women are giving in birth in Canada. The country now has a birth rate of 1.26 children per woman, with some provinces like British Columbia reporting a rate of only 1 child per woman. Yet, the number of children remained consistent year-over-year at 350,000, although there was a 5% decline in births from 2021 to 2022. The problem lies in fewer women of childbearing age opting to have children amid the terrible economic conditions.

“Canada has now joined the group of “lowest-low” fertility countries, including South Korea, Spain, Italy and Japan, with 1.3 children per woman or less. In comparison, the total fertility rate for the United States was 1.62 per woman in 2023,” Statistics Canada said in its press release.

More women are waiting until later in life to have children. Gone are the days when young couples could have families and rely on one income for support. Both the mother and father must be financially stable to responsibly bring life into this world. Over 26.5% of mothers in 2023 were over the age of 35 but that figure was only 10.7% twenty years ago. Unfortunately, this has increased the rate of premature births, which has reached a 50-year high.

On the other hand, Canada’s population reached an all-time high this year. Canada’s population surpassed 41 million, but it is not due to new births. Statistics Canada professed that the population rose 0.6% or 242,673 people from Q1 to Q2, standing at 41,012.563 as of April 2024. The nation rose by 1.27 from 2022 to 2023 or a 3.2%. Nearly all population growth (99.3%; 240,955 people) were solely attributed to migrants arriving in Canada.

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. We are witnessing a shift in society as the current citizens are being phased out and replaced by newcomers.

Market Talk – October 2, 2024

October 2, 2024

Market Talk 2017

ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 decreased 843.21 points or -2.18% to 37,808.76
  • Shanghai closed
  • Hang Seng increased 1,310.05 points or 6.20% to 22,443.73
  • ASX 200 decreased 10.70 points or -0.13% to 8,198.20
  • SENSEX closed
  • Nifty50 closed

 

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00025 or 0.04% to 0.68817
  • NZDUSD decreased 0.00193 or -0.31% to 0.62627
  • USDJPY increased 2.559 or 1.78% to 146.283
  • USDCNY increased 0.00682 or 0.10% to 7.03769

 

The above data was collected around 14:40 EST.

 

 

Precious Metals:

  •  Gold decreased 6.32 USD/t oz. or -0.24% to 2,654.02
  •  Silver increased 0.314 USD/t. oz. or 1.00% to 31.680

The above data was collected around 14:43 EST.

 

EUROPE/EMEA:

The major Europe stock markets had a mixed day today:

  •  CAC 40 increased 3.52 points or 0.05% to 7,577.59
  •  FTSE 100 increased 14.21 points or 0.17% to 8,290.86
  •  DAX 30 decreased 48.39 points or -0.25% to 19,164.75

 

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.00249 or -0.23% to 1.10396
  • GBPUSD decreased 0.00092 or -0.07% to 1.32651
  • USDCHF increased 0.00366 or 0.43% to 0.84987

 

The above data was collected around 14:48 EST.

 

US/AMERICAS:

 

US Market Closings:

  • Dow advanced 39.55 points or 0.09% to 42,196.52
  • S&P 500 advanced 0.79 of a point or 0.01% to 5,709.54
  • Nasdaq advanced 14.76 points or 0.08% to 17,925.12
  • Russell 2000 declined 2.03 points or -0.09% to 2,195.01

 

Canada Market Closings:

  • TSX Composite declined 32.91 points or -0.14% to 24,001.08
  • TSX 60 declined 2.33 points or -0.16% to 1,437.4

 

Brazil Market Closing:

  • Bovespa advanced 981.62 points or 0.74% to 133,467.78

 

ENERGY:

 

The oil markets had a mixed day today:

 

  •  Crude Oil increased 0.621 USD/BBL or 0.89% to 70.451
  •  Brent increased 0.612 USD/BBL or 0.83% to 74.172
  • Natural gas increased 0.0236 USD/MMBtu or 0.81% to 2.9196
  •  Gasoline increased 0.0084 USD/GAL or 0.42% to 1.9930
  •  Heating oil decreased 0.0063 USD/GAL or -0.29% to 2.1887

 

The above data was collected around 15:07 EST.

 

  •  Top commodity gainers: Wheat (2.38%), Lead (2.13%), Palm Oil (4.71%) and Nickel (3.01%)
  •  Top commodity losers: HRC Steel (-1.38%), Coffee (-2.85%), Orange Juice (-1.72%) and Sugar (-1.60%)

 

The above data was collected around 15:13 EST.

 

 

BONDS:

 

Japan 0.8200% (-3.26bp), US 2’s 3.65% (+0.030%), US 10’s 3.7870% (+5bps); US 30’s 4.13% (+0.058%), Bunds 2.1000% (+5.7bp), France 2.864% (+4.3bp), Italy 3.4280% (+5.1bp), Turkey 29.060% (+34bp), Greece 3.116% (+7.3bp), Portugal 2.6700% (+4.1bp); Spain 2.899% (+5.9bp) and UK Gilts 4.0250% (+8.1bp)

 

The above data was collected around 15:18 EST.

Bukele Defends El Salvador’s Gang Reforms

October 2, 2024

The United Nations would like the world to adhere to its lax crime laws. Generate civil unrest to destabilize nations to create a need for order, a New World Order, that will be more powerful and effective than the government. El Salvador’s Nayib Bukele began an anti-gang crusade when he entered office. Affiliated with a gang? Straight to prison.

Now, the self-proclaimed humanitarians at the Untied Nations called Bukele’s crusade extreme and demanded that he loosen his laws. “Some say that we have imprisoned thousands, but the reality is that we have freed millions. Now it is the good guys who live free, without fear, with their freedoms and human rights fully respected,” Bukele said to the counsel.

Over 82,000 gang members were arrested. Sadly, those who were not arrested fled to open border nations like the United States where they will not be deported because they are seeking asylum for their crimes. Donald Trump accurately said that declining crime in South America directly correlated to the rising crime we see in the United States.

But, it is the duty of each leader to put his or her country first. “We made our nation that was the homicide capital of the world, the safest country in the entire Western Hemisphere . It was the greatest challenge that our nation has overcome,” he added. The governor affirmed that El Salvador used to be the “most violent country in the world without war or the country of the maras” (gangs), but this changed with his crusade.” The president proudly noted that he has returned the streets of El Salvador back to the people.

Again, El Salvador cannot prevent the exodus of criminals from its border that are surging into the United States. Bukele would have had those criminals imprisoned, but Joe Biden and Kamala Harris have openly welcomed into America. The blatant corruption has been noted by everyone.

“In El Salvador we do not imprison our opposition, we do not censor opinions, we do not confiscate property of those who think differently, we do not arrest people for their expressing ideas,” the president said as a direct criticism to the Build Back Better nations that are openly silencing and arresting any politician who dares speak out against the Great Reset and New World Order agendas.

The nations with leaders brave enough to go against the global cabal are excelling. We cannot be angered by leaders who uphold the integrity of their office and put their own people and domestic policy first and foremost.

Newsom Bans Voter ID Requirements

October 2, 2024

Voter Fraud

California Governor Gavin Newsom is intent on allowing migrants to vote. Newsom has signed legislation that completely prohibits local governments in California from requesting to see voter ID. Unfortunately, California is one of 14 states that will allow absolutely anyone to for the next President of the United States.

None of the G7 nations permit people to vote without showing identification. I could not show up in Germany and expect to have a say in the future of their nation – absolutely absurd. It is categorically astonishing that the left has convinced a subset of the population that asking for identification is racist or oppressive. You cannot apply for a job without identification, nor can you go to the bank to cash a check. Teens cannot even go to the movie theater without identification. You cannot fill a prescription, board a plane, purchase alcohol or cigarettes, or even obtain a marriage certificate without providing a valid ID. Yet, one need not prove their identity or citizenship to vote for the future direction of the nation. This is blatant election interference and corruption.

2024 Election is Rigged

I would have noted that identification was required for obtaining a license at the Department of Motor Vehicles but that has not been the case for a subset of the new population. Newsom also signed a bill to ensure that migrants can obtain driver’s licenses. The “New Motor Voter” legislation passed in 2022 ensured that everyone who applies for a driver’s license wound up on the voter registration list regardless of citizenship status. There are countless stories of people being hit or killed by an illegal uninsured driver. One of my friends in fact had her parked car hit by an illegal alien. The police came, shrugged their shoulders, and she was fully responsible for the damages to her car.

Note that voter identification was never a serious issue until the deliberate invasion of America. The Democrats have been actively finding ways to secure the migrant vote. That party is solely responsible for providing migrants and their extended families a tax-subsidized easy life where they are not expected to participate in society. Why would they vote for the GOP candidate who is promising mass deportation? Every migrant that crosses into America is a vote for Kamala Harris.

Migrants.BidenLetUsIn

The left is not shy about their corruption. In January 2022, before his state became uninhabitable, NYC Mayor Eric Adams celebrated a new piece of legislation that would have permitted 800,000 “Dreamers” to register to vote. The measure was later found to be unconstitutional by perhaps the last judge of sound mind in the state.

Yet, reports are circulating that migrant shelters in New York and other blue states are registered non-citizens for the elections AND issuing paperwork in various languages such as Chinese dialects and Spanish. Staten Island Rep. Nicole Malliotakis claimed that her office discovered that migrants were being encouraged to vote after requesting information through the Freedom of Information law. The Department of Social Services denies her claims against the organization Homes for the Homeless.

2024 Election Crisis

Republicans have been attempting to pass H.R. 8281 or the SAVE Act that would update the National Voter Registration Act of 1993 and make proof of citizenship a require to vote in the US election. Seems straightforward, as one must be a citizen to have a say in the direction of the country. House Republicans believe a photo ID, birth certificate, passport or any government document stating that a person is indeed a citizen would suffice. The bill would also remove non-citizens from voter registration rolls and require elected officials to ask voters for proof of US citizenship before voting. Migrants attempting to vote illegally could be deported under this law. President Joe Biden has said that he would veto the SAVE Act or any other measure that would prohibit election interference.

NO ONE WILL ACCEPT THE RESULTS OF THE ELECTION. The people have lost all confidence in our election process, with both sides believing the other is permitting foreign interference. The Democrats opened our borders, permitted countless crime, dried up what remained of our resources, and then expected YOU, the taxpayer, to foot the bill. They then have the audacity to continue the long disproven Russian collusion hoax when they are openly allowing foreigners to vote in our election.

The election has degraded into a performance that is meant to give the public the perception that they have an actual say in the direction of the nation. You have no say in government spending, debt, or future wars. It is an utter illusion to believe that the powerful elite in Washinton within the establish care about the wishes of the people.

China Vows to Reclaim Taiwan

October 2, 2024

China v Taiwan 3

Xi Jinping celebrated the eve of China Communist Party’s 75th anniversary with words reaffirming is resolution to reunify Taiwan with mainland China. Jinping’s message comes mere days after the United States provided Taiwan with over $567 million in aid and a promise to remain the nation’s leading ally.

“It’s an irreversible trend, a cause of righteousness and the common aspiration of the people. No one can stop the march of history,” he told the thousands in attendance at the Great Hall of the People in Beijing, according to state-run news agency Xinhua. Taiwan has operated as a separate government since October 1, 1949, after the end of China’s civil war when the nationalists fled to Taiwan to avoid communist persecution. China has always maintained its One China policy despite Taiwan conducting elections and operating independently.

“Taiwan is China’s sacred territory. Blood is thicker than water, and people on both sides of the strait are connected by blood,” Xi Jinping reiterated. “(We must) resolutely oppose ‘Taiwan independence’ separatist activities.”

Taiwan ECM 2

Taiwan’s new president has been deemed a national security threat by the CCP, yet he is emboldened by his powerful allies who have vowed to “protect” Taiwan against China. Not only is America providing half a billion in military funding, but the US military plans to provide “military education and training.” This is not a new revelation as American troops have been training Taiwanese forces since the beginning of the year in what was described as a PERMANENT arrangement. This was the clever way to claim that the US was not stationing troops in Taiwan, but they were there ONLY for training purposes, as was the case in Ukraine. The training regimens were being planned and supervised by the 1st Special Forces Group, an airborne unit, under the provisions of last year’s National Defense Authorization Act (NDAA), which was signed into law in December 2022. As with Ukraine, the West is arming Taiwan well in advance.

The neocons fail to realize that they are stretched thin with proxy wars in the Middle East, Europe, and now Asia. How does the West plan to actively maintain forces on all three fronts simultaneously? Ukraine would have fallen long ago if the west were not propping it up. Israel was designed from its origination as a vassal state. Taiwan would not stand a chance against China given its size and limited resources. The threats from the neocons no longer hold weight as their opponents see they have been weakened and were not able to conquer Russia as planned.

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