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Join Us at the World Economic Conference in Orlando, Florida! Nov. 17-19, 2023

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Join Us at the 2023 World Economic Conference in Orlando, Florida!

? Dates: November 17, 18, and 19 ? Location: Orlando, Florida, USA (or tune in from home with our virtual ticket options)

Are you ready to unlock the future of economics and finance? Prepare for an unforgettable World Economic Conference experience in sunny Orlando, Florida! This premier event is your gateway to insights, networking, and valuable resources that will supercharge your understanding of the global economy.

?️ What’s Included for In-Person Attendees:

  1. Event Admission: Enjoy reserved seating assigned based on the order of ticket sales, ensuring you have a prime view of every presentation.
  2. Presentation Slides: Gain access to the presentation slides from all speakers, allowing you to delve deeper into the topics discussed.
  3. Video Recording: Can’t make it to a session? No worries! You’ll receive access to video recordings of all conference presentations, so you can catch up at your convenience.
  4. WEC Event App: Connect with the conference on a whole new level. Access presentation slides, bonus reports, recordings, and more via the official WEC Event App.
  5. Bonus Conference Materials: Get a package of bonus conference-related materials, including exclusive bonus reports and videos (as provided by Martin Armstrong).
  6. Morning Information Sessions: Don’t miss out on important morning information sessions, screened on-site in the meeting room on Saturday and Sunday.
  7. Networking Opportunities: Exclusive access to the Event App Networking Feature allows you to connect with fellow attendees, both in-person and virtual, fostering valuable professional relationships.
  8. Culinary Delights: Savor delicious breakfast and lunch on Saturday and Sunday, prepared to keep you energized throughout the day.
  9. Cocktail Reception: Kick off the conference in style at our Friday evening cocktail reception. Meet and mingle with fellow attendees while enjoying refreshing drinks.
  10. Swag Bag: As a token of our appreciation, each in-person attendee will receive a swag bag filled with goodies, including an Armstrong Economics notebook, pen, and an event collector’s mug!

Unable to travel? We also have two different ticket options for those wishing to attend virtually! 

Don’t miss this opportunity to be part of a global gathering of economic and financial minds. Secure your spot at the World Economic Conference in Orlando, Florida, and gain the knowledge, connections, and resources you need to thrive in the world of finance and economics.

Space is limited, so act now and reserve your seat! Visit our Events page to register and join us in sunny Orlando this November.

NEW BOOK Now Available : "Mark Antony & Cleopatra"

Mark Antony Cleopatra Cleopatra Proxy War

Now available at all major retailers!

The eBook will be available shortly.

"THE PLOT TO SEIZE RUSSIA - THE UNTOLD HISTORY"

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The second edition of “The Plot to Seize Russia – The Untold History” is now available for purchase in paperback and hardcover on Amazon and Barnes and Noble. The ebook will be available shortly.

Book description:

“Take care of Russia,” Boris Yeltsin said as he departed his presidency in August 1999. These words were directed at current Russian president, Vladimir Putin. Yeltsin specifically picked Putin as his predecessor to prevent the takeover of Russia.

So, who was Yeltsin warning against? Newly declassified documents from the Clinton Administration prove that there was a plot to rig the Russian election of 2000. These never-before-seen documents confirm numerous attempts to implement pro-Western policies using the Russian oligarchy headed by Boris Berezovsky.

On the other side were the communists who desired a return to the glory days of the Soviet Union. As one of the largest international hedge fund managers, author Martin Armstrong found himself in the middle of perhaps the greatest espionage, or attempt at a regime change for Russia, in modern history.

The Plot to Seize Russia pulls back the curtain to expose the most extraordinary attempt to seize power in modern history, but with the pen rather than armies. These declassified documents reveal a plot that has altered our thinking about the relations between the United States and Russia. The thirst for power comes seething through every line of these papers that alter our perception of reality, change the course of history, and now threaten us with World War III.

Market Talk – April 18, 2024

Market Talk 2017

ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 increased 117.90 points or 0.31% to 38,079.70
  • Shanghai increased 2.84 points or 0.09% to 3,074.22
  • Hang Seng increased 134.03 points or 0.82% to 16,385.87
  • ASX 200 increased 36.50 points or 0.48% to 7,642.10
  • Kospi increased 50.52 points or 1.95% to 2,634.70
  • SENSEX decreased 454.69 points or -0.62% to 72,488.99
  • Nifty50 decreased 152.05 points or -0.69% to 21,995.85

 

 

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.00171 or -0.27% to 0.64225
  • NZDUSD decreased 0.00087 or -0.15% to 0.59040
  • USDJPY increased 0.243 or 0.16% to 154.599
  • USDCNY increased 0.00468 or 0.06% to 7.24929

 

The above data was collected around 15:48 EST.

 

 

Precious Metals:

  • Gold increased 12.57 USD/t oz. or 0.53% to 2,380.42
  • Silver increased 0.053 USD/t. oz or 0.19% to 28.276

 

The above data was collected around 15:57 EST.

 

 

EUROPE/EMEA:

The major Europe stock markets had a green day today:

  • CAC 40 increased 41.75 points or 0.52% to 8,023.26
  • FTSE 100 increased 29.06 points or 0.37% to 7,877.05
  • DAX 30 increased 67.38 points or 0.38% to 17.837.40

 

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.00247 or -0.23% to 1.06440
  • GBPUSD decreased 0.00158 or -0.13% to 1.24374
  • USDCHF increased 0.00173 or 0.19% to 0.91240

 

The above data was collected around 16:03 EST.

 

US/AMERICAS:

US Market Closings:

  • Dow advanced 22.07 points or 0.06% to 37,775.38
  • S&P 500 declined 11.09 points or -0.22% to 5,011.12
  • Nasdaq declined 81.87 points or -0.52% to 15,601.5
  • Russell 2000 declined 4.99 points or -0.26% to 1,942.96

 

Canada Market Closings:

  • TSX Composite advanced 52.39 points or 0.24% to 21,708.44
  • TSX 60 advanced 3.32 points or 0.26% to 1,300.29

 

Brazil Market Closing:

  • Bovespa declined 52.04 points or -0.04% to 124,119.11

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil decreased 0.032 USD/BBL or -0.04% to 82.658
  • Brent decreased 0.263 USD/BBL or -0.30% to 87.027
  • Natural gas increased 0.0307 USD/MMBtu or 1.79% to 1.7427
  • Gasoline decreased 0.0204 USD/GAL or -0.75% to 2.7083
  • Heating oil decreased 0.0478 USD/GAL or -1.85% to 2.5314

 

The above data was collected around 16:05 EST.

 

  • Top commodity gainers: Natural Gas (1.79%), Cocoa (8.34%), Copper (2.09%) and Sugar (1.82%)
  • Top commodity losers: Wheat (-2.94%), Coffee (-2.43%), Cotton (-1.46%) and Heating Oil (-1.85%)

 

The above data was collected around 16:11 EST.

 

 

BONDS:

 

Japan 0.871% (-1.64bp), US 2’s 5.00% (+0.054%) , US 10’s 4.6360% (+4.66bps); US 30’s 4.73% (+0.028%), Bunds 2.4895% (+2.5bp), France 3.007% (+2.8bp), Italy 3.892% (+3bp), Turkey 28.315% (+204.5bp), Greece 3.420% (+0bp), Portugal 3.163% (-0.2bp); Spain 3.306% (+1.4bp) and UK Gilts 4.280% (+1.63bp)

 

The above data was collected around 16:14 EST.

Russia Set to Outpace All Advanced Economies – Sanctions FAILED

Putin Xi

Sanctions and the removal of Russia from SWIFT have not deterred the Russian economy. A recent report by the International Monetary Fund (IMF) predicts that Russia’s economy will grow more in the next year than any other advanced economy.

The IMF believes Russia’s economy will grow by 3.2% in 2024, in comparison, the US is expected to grow by 2.7% while Europe’s top economy, Germany, is expected to grow by a mere 0.2%. Cutting off Europe from Russian energy backfired in a major way. Foreign investments have been pouring into Russia from the rest of the world, which is eager to join the rank of “advanced nation.”

BRICS

Trade between China and Russia has spiked to $240 billion in the last year alone. World leaders have learned absolutely nothing from the previous three years. US President Joe Biden just announced new tariffs against China on steel, aluminum, and shipbuilding supplies that will be potentially raised to 7.5%, triple the current rate for steel and aluminum. “The president understands we must invest in American manufacturing, but we also have to protect those investments and those workers from unfair exports associated with China’s industrial overcapacity,” Lael Brainerd, director of the White House’s National Economic Council. The president of the US and other world leaders simply do not understand how the economy operates. Brainerd believes China is simply overproducing, and these tariffs will cause China to change its policy as it wishes to continue trade with the US, its previous top trading partner.

Trade War 2

China does not need the US to excel at trade. China’s adopted capitalistic style of business is causing nations to line up to sell to China in the same manner that they once did to the US. Now, Americans are strapped for cash, and its consumer population is declining. Biden just made it less appealed for nations like China to sell to the US. Germany is failing to grow because it continued its mercantile system of business where it feels it must increase manufacturing. German manufacturing may be of higher quality than that of China but China’s middle class is growing, and with it, so are the number of consumers amid a population of nearly 1.4 billion people.

Russia does not need the US, Canada, or Europe for trade either, as they have a precious natural resource that is in higher demand than supply. The world needs energy and fossil fuels and cannot operate without them. As hard as the climate change zealots try, they cannot eliminate the world’s dependence on fossil fuels. Instead, the West is imposing regulations and taxing its people in an effort to reduce their reliance on fossil fuels, but the demand is not there, and the infrastructure does not exist. There is no reliable alternative to fossil fuels on a wide scale.

Russia does not need to adhere to the G7 nation’s price capping regulations. Russia has effectively been selling oil to nations like India who then turn around and sell it to the West at a premium. Pettiness is poor business, and simply attempting to ostracize a necessary trade partner from the global market has backfired in a major way. Now nations like those under BRICS are trading freely without Western interference and it is becoming overtly apparent that sanctions do not work.

Why We Cannot Reach the Fed’s 2% Inflation Target

Inflation

The Consumer Price Index (CPI) released on April 10 by the US Bureau of Labor Statistics reported that inflation rose by 0.4% on a monthly basis and by 3.5% on the yearly. One must only look at their bills, items in the store, or open their eyes to see that the cost of living in every area has far surpassed this figure. Federal Reserve Chairman Jerome Powell released some disparaging comments regarding the data, and we should not expect any rate declines in the near-term. The Fed’s 2% target is simply not possible due to excessive government spending. Inflation was never transitory and we have not had a soft landing. Yet, the Biden Administration insists the “economy is going in the right direction.”

Press Secretary Karine Jean-Pierre has insisted that greedy corporations are to blame for price gouging. He’s repeatedly called on large corporations, more specifically, to pass along their savings on to their customers. We’ve said that. We’ve been very consistent about that.  And that includes rip-offs such as shrinkflation,” she insists.

Treasury Secretary Janet Yellen also voices positive sentiments on inflations, citing how inflation is down two-thirds from its peak in June 2022 when it reached 9.1%. Yellen fails to voice that inflation had peaked due to the entire global economy shutting down due to the pandemic that created the most significant supply chain shortage I have witnessed in my lifetime. This is also why we see “strong” jobs reports in contrast to the lockdown that decimated small businesses and caused thousands to lose their ability to provide for their families.

Remember, inflation was only 1.4% when Joe Biden took office – far beneath the Fed’s target. Inflation has risen as a direct result of fiscal policies under Bidenomics.

Joe Biden mistakenly believes he has helped to tame inflation, and the private sector is solely responsible for the high cost of living. “Today’s report shows inflation has fallen more than 60% from its peak, but we have more to do to lower costs for hardworking families. Prices are still too high for housing and groceries, even as prices for key household items like milk and eggs are lower than a year ago,” according to a statement on the White House website.

Yellen and all those in line with the current administration want the public to believe that Russia and a slow-to-recover supply chain crisis caused inflation. “And I also want to remind you what caused inflation. We know that inflation was caused by supply chains that broke down because of the pandemic. Russia’s war in Ukraine — we know that caused oil prices to skyrocket. Our economy was disrupted by so many ways because of the pandemic.  That’s what caused inflation,” Yellen stated in March.

BlankCheck

Russia’s war in Ukraine would have had minimal effect on America. In fact, America could have profited on the issue by exporting energy and agricultural goods to Europe. The issue is that the US government has been sending blank checks to Ukraine and digging itself deeper into debt. The national debt has never been higher and shows no signs of stopping. The war shows no sign of stopping and Biden has ignored any calls to curtail funding Ukraine. Then, Biden’s largest spending packages have gone to climate change initiatives such as the Inflation Reduction Act, which Yellen herself said was intended to combat climate change.

As for the supply chain crisis, primarily energy, those who read this blog understand what happened with Nordstream. Biden’s first act as president was to eliminate the Keystone Pipeline plans and place countless regulations on the energy sector that caused America to become an energy-dependent nation. The Strategic Petroleum Reserve has been used as a political tool to play with gas prices and removed America’s energy safety net.

Oil Reserves

Jerome Powell stated that the jobs report was unimpressive in comparison to rising inflation. “More recent data shows solid growth and continued strength in the labor market, but also a lack of further progress so far this year on returning to our 2% inflation goal,” the Fed chief said during a panel discussion this Tuesday. What Powell cannot voice out loud is that government policy has made the Fed’s job impossible. There is absolutely nothing that the central bank can do to curb government spending. “The recent data have clearly not given us greater confidence, and instead indicate that it’s likely to take longer than expected to achieve that confidence,” Powell said. The economy is heading in the wrong direction, yet Washington is continually gas lighting the public into believing the economy has recovered. The economy fell with COVID, but the pandemic is no longer the reason that rates are rising.

Are companies price gouging? Some certainly have been. The price of business has also drastically risen in every area. TAXES are through the roof and everyone is forced to raise prices, landlords included, to meet Biden’s tax hikes that are simply unconstitutional. Why are we paying for foreign wars and foreign nationals to live within the US?

It is ridiculous to believe that the private sector is to blame for inflation. Even the Federal Reserve has said that they are at the mercy of the government’s fiscal policy and cannot do anything to prevent excessive, dangerous government spending. Inflation will not go down so long as the government is funding wars, which produce nothing, and thoughtless non-issues such as climate change that are rooted in America Last policies.

Republicans v the Department of Energy and Environmental Protection Agency

Electric Cars

The federal US government insists 60% of all new car production must be electric by 2030 – six years away. I have explained numerous times how this is unsustainable for US infrastructure, the private sector, and the average American consumer. Now, 13 Republican-led states are taking the federal government to the US Court of Appeals for the Eighth Circuit to ask that this mandate be repealed.

The Environmental Protection Agency (EPA) and Department of Energy (DOE) are violating standing laws by ushering in this new wave of electric auto manufacturing, according to the 13 attorneys generals who are standing up for the people. The AGs believe that these agencies do not have the authority to issue fuel regulations that “multiplies the nominal fuel-efficiency of electric automobiles by 6.67.”

The DOE is mandated by law to conduct an annual review before implementing policies, so how could they issue mandates that begin as soon as 2027? “We’re pulling the plug on Biden’s electric vehicle handout,” Iowa Attorney General Brenna Bird said. “Biden has made it clear thmat he will take every avenue possible to wage war on gas-powered vehicles. And Iowa ethanol is getting caught in the crossfire.” Along with Iowa, Nebraska, Arkansas, Florida, Idaho, Kansas, Mississippi, Missouri, Montana, Ohio, Oklahoma, Texas, Utah, and the American Free Enterprise Chamber of Commerce are filing this appeal.

Rule of Law Justice

Furthermore, the lawsuit argues that the federal government is overestimating the efficiency of electric autos by at least 6 times. “Biden’s illegal boost to electric vehicles hurts car owners, car manufacturers, liquid-fuel producers and the electric grid. The rule manipulates a more than 30-year-old incentive for car manufacturers that design cars that run on gasoline, ethanol, biodiesel, or compressed natural gas. The benefit that was intended to support farmers and ethanol producers is now being exploited to harm them by giving handouts to electric vehicles. This rule favoring electric vehicles hurts car-owners, roads, and carbon emissions across the country.”

The push for EVs has nothing to do with the environment and everything to do with government control in allegiance with Agenda 2030 put forth by the World Economic Forum. The infrastructure for EVs is simply non-existent. I reported that the government has only opened seven charging stations since funneling billions into arranging a nation network of stations. Auto manufacturers have protested the initiative, and the average consumer simply cannot afford to make the switch. If the government receives no pushback, driving in itself will become a luxury that is out of reach for the average American. That will be by design. Say goodbye to the freedom of movement as you rely on your QR-coded public transportation within your 15-minute city.

Judge Merchan’s Trial Will Destroy USA Like Trial of William Penn

Merchan Judge Juan

New York Supreme Court Judge Juan Merchan is a seasoned jurist who is no stranger to Trump’s orbit. He has presided over the Trump Organization tax fraud trial, sentenced the former president’s close confidant Allen Weisselberg to prison over his role in the scheme, and overseen former Trump adviser Steve Bannon’s criminal fraud case. There is absolutely no question this judge is out of control, biased, and is orchestrating this trial to imprison Trump. He even expanded the gag order on Trump to protect his own daughter, who has admitted to having conversations with her father Ex Parte – totally illegal. Suppose I filed anything in the Supreme Court. Justice Sotomayor would instantly recuse herself because she was on an appeal I had and even disagreed with the government. The fact that she was in my case meant she would recuse herself. This judge is an international disgrace and should be removed from the branch – PERMANENTLY!

Moreover, this judge has abused his power, for this gag order is patently unconstitutional. The gag order is unconstitutional because you cannot prevent the defendant from telling the press that the two witnesses, Daniels and Cohen, are liars and have cut their deals with the prosecutor. Then, the issue of the judge’s daughter; if the judge’s daughter could be a basis for disqualification, using a gag order and then threatening to imprison Trump for comments is not just a restriction of free speech; it is in itself an obstruction of justice. This judge is conflicted by using his power for personal gain. The mere fact that he is having discussions with his daughter, who is anti-Trump, disqualifies this judge. The appellate court or the Second Circuit Federal Appellate Court should sua sponte, which is the Latin legal term that means “of one’s own accord,” dismiss this case since they have a legal requirement to SUPERVISE the courts below. They should legally intervene and remove this judge forthwith. As one lawyer told me, New York practices law differently than any other place in the country.

Stormy Daniels her lawyer

When asked about the letter Stormy Daniels wrote admitting she never had sex with Trump in a January 2018 interview on “Jimmy Kimmel Live!” Daniels denied knowing where the letter, which appeared to have a signature different from her own, originated. But she later admitted in a March 2018 “60 Minutes” interview with Anderson Cooper that, under pressure, she did sign the letter denying the affair.

Stormy Daniels Letter

Here is the exchange with Cooper, where she called the letter a “lie.”

Cooper: So you signed and released a statement that said, “I am not denying this affair because I was paid in ‘hush money.’ I’m denying it because it never happened.” That’s a lie?
Daniels: Yes.
Cooper: If it was untruthful, why did you sign it?
Daniels: Because they made it sound like I had no choice.
Cooper: No one was putting a gun to your head.
Daniels: Not physical violence, no.
Cooper: You thought that there would be some sort of legal repercussion if you didn’t sign it?
Daniels: Correct. As a matter of fact, the exact sentence used was, “They can make your life hell in many different ways.”
Cooper: They being…
Daniels: I’m not exactly sure who they were. I believe it to be Michael Cohen.

Avenatti at White House

Her lawyer, Michael Avenatti, desperately tried to attack Trump on anything because he was trying to make a name for himself. He also admitted he wanted to run for president against Trump in 2020. He was standing before the White House, calling Trump a liar. It turned out that Avenatti was convicted of defrauding Stormy Daniels himself. The burning question is, did Trump’s corrupt lawyer, Michael Cohen, pay money to Stormy Daniels that was really blackmail from her lawyer Avenatti? Did the money end up in Avenatti’s pocket? This raises questions was Trump really the victim of a fraud by Avenatti?

Even former Attorney General Bill Bar, who is certainly no friend of Trump, has said that he believes the trial involving former President Donald Trump is an “abomination” and politicized. He appeared on Fox News, and when asked about this trial in New York City, Mr. Barr said that the case is “obviously political” and an “abomination,” noting that charges were brought years later in the case. Every legal profession I know, which includes anti-Trump views, is disgusted with this case, and it is such an abuse of process that it is destroying the entire image of the legal system of the nation. Judge Juan Merchan is out to get Trump at any cost and thinks because he is a judge, he is above the law himself.

Recusal 28 USC 455

A judge is supposed to recuse himself “in any proceeding in which his impartiality might reasonably be questioned.” This law MUST be strengthened to include CRIMINAL proceedings automatically instigated if violated. That is the only way to have judges realize that they are NOT ABOVE THE LAW. This cannot be the Department of Justice, which takes orders from the current president. They are prosecuting Trump for having documents when both Biden and Hillary did the same. Democrats will NEVER prosecute Democrats. We desperately need what the Roman Republic had – the Tribune of the Plebs (People), who could bring charges against anyone in government. This was supposed to be the Inspector General, but they have no power to charge anyone and are subordinate to the Department of Justice. This is why this trial will expose all the corruption in our legal system and seal the demise of the United States.

Trump Judges daughter Truth_Details_Truth_Social

This is the post-Trump made, in which the Judge gaged Trump when, in fact, he is NOT ALLOWED to have ex parte communications without ANYONE ELSE advocating a certain outcome. This judge is turning this trial into what history will call the Trial that Killed the Republic of the United States.

Trump_Can_t_Skip_Trial_for_Supreme_Court_Hearing_Judge_Says

Then, this judge is deliberately interfering in the 2024 election, ordering that Trump must be in court every day. So, if this drags out for months, the object is to prevent Trump from campaigning for president. That is NOT the standard rule demonstrating this judge is putting the entire country at risk and even his own family, for if this case breaks down the entire civil discord, no group of police will be able to protect him if we end up in civil war, which is increasingly becoming more likely. The entire purpose of the rule of law is to MAINTAIN civilization. When there is no rule of law, then anarchy prevails.

 

Rule_43._Defendant_s_Presence_Federal_Rules_of_Criminal_Procedure_US_Law_L

2024_04_17_12_47_52_Excused_Juror_Reveals_Selection_Process_for_Trump_s_Hush_Money_Trial_All_Hav

One of the dismissed jurors has spoken to the press about the questions they are asked. Kara McGee told the media after she was dismissed that it would be “very difficult for anyone really in this country to not come to this without prior opinions.” She added: “We all have prior opinions on the defendant unless you’ve been living in a card box.” She further explained that one of the questions they asked was: “Do you have opinions about the ability for a former sitting president to be tried in a court of law? I think the way people answered showed how they felt about the case,” she said. “The other one was: Do you have any opinions about legal limits for campaign finance donation amounts? Which I believe was another one that was kinda meant to gauge feelings about the particular case.”

 

Juy Nullification

Juries do not take their constitutional role as intended, and judges act as tyrants, for they are doing the very same thing that set the Revolution and the United States in motion. This judge is asking whether they will obey his command and find Trump guilty, refusing to inform them that they have the CONSTITUTIONAL AUTHORITY to judge the law itself and can refuse to apply it if it is not morally just and fairly administered as applied by the prosecutor. You have Kara McGee’s statement as to what she was asked. Now, let’s put this in perspective so you can see that this judge is acting UNCONSTITUTIONALLY, for he is indeed going to find Trump guilty and will try to imprison him, tearing our country apart like some corrupt Banana Republic.

Congress can pass anything. That does not make it CONSTITUTIONAL. The government can pass a law that decrees you MUST kill your firstborn. ONLY when some prosecutor and judge attempt to enforce that law do you have STANDING to challenge it in a court – not before! In France, when a law is passed, the judiciary declares whether it is constitutional – BEFORE it is applied to anyone. In our system, the government gets to abuse us FIRST, and we have to stand up and say that it is illegal. If you do not have the money for lawyers, you are guilty. Court-appointed lawyers have a virtual PERFECT 95%-99% rate of losing trials – that’s what they are there for. This is why we have more people in prison than in any other country, including China and Russia. So, for this judge to refuse to tell the jurors that they have the CONSTITUTIONAL AUTHORITY to reject this law as applied to Trump is in itself a violation of everything the United States fought a revolution for.

Trial William Penn

Wm Penn Trial

The most famous trial where a jury stood up refusing to find the defendant guilty in the face of a corrupt government was that of William Penn  (1644-1718), the founder of Pennsylvania. Penn was the leader of the Quakers in London, and you can see why people fled to America. The sect was not recognized by the government and was forbidden to meet in any building for the purpose of worship. In 1670, William Penn held a worship service on a quiet street, which a peaceful group of fellow Quakers attended. Penn and another Quaker, William Mead, were arrested for disturbing the king’s peace and summoned to stand trial.

As the two men entered the courtroom, a bailiff ordered them to put their hats, which they had removed, back on their heads. When they complied, they were called forward and held in contempt of court for being in the courtroom with their hats on. Penn discovered that contempt of court is a personal prerogative of the judge and an infliction of punishment by a judge who becomes the legislator, jury, and sentencing judge.

Penn demanded to know what crime he was being charged with preaching – the cornerstone of Due Process. The judge refused to supply any information as to his crime and instead referred vaguely to common law. When Penn protested that he was entitled to a specific indictment (NOTICE), he was removed from the presence of the judge and jury and confined in an enclosed corner of the room known as the bale dock.

Penn could neither confront the witnesses who accused him of preaching to the Quakers nor ask them questions about their charges against him. Several witnesses testified that Penn had preached to a gathering, which included Mead, but one showed some hesitancy as to whether Mead had been present. The judge turned to Mead and questioned him directly. In effect, the judge became the prosecutor, as he asked Mead if he was guilty. Mead invoked the common-law privilege against self-incrimination, which provoked hostile comments from the judge. The court then sent Mead to join Penn in the bale dock out of the sight of the jury and witnesses.

Finally, after the testimony, the court concluded that the judge had instructed the jury to find the defendants guilty as charged, dictating what verdict he had expected. Penn tried to protest but was silenced and again sent out of the courtroom. The jury, for its part, proved sympathetic to the two defendants and refused the judge’s command to find the defendants guilty.

At this point, the judge became so enraged, as I would expect from Judge Juan Merchan, and sent the jury back to reconsider their verdict. When they returned with the same verdict, the court criticized the jury’s leader, Bushnell, and demanded “a verdict that the court will accept, and you shall be locked up without meat, drink, fire, and tobacco…We will have a verdict by the help of God or you will starve for it.”

After that, the jury was sent back three more times but returned with the same verdict. Finally, the jury refused to reconsider. The judge then fined each jury member forty marks and ordered them imprisoned until the fine was paid. Penn and Mead went to prison anyway, held in contempt for obeying the bailiff’s order that they put on their hats.

Later, the jury members won a writ of habeas corpus and were released from prison. Penn and Mead left England after their release from prison, having a taste of English justice, and sailed to America. (Earl Warren, “A Republic, If You Can Keep It”, p. 113-115). Thus, Pennsylvania was founded. This was the Bushel’s Case (1670) 124 E.R. 1006, a famous English decision on the role of juries and that they possessed independence to decide the validity of the law being prosecuted. American judges who REFUSE to inform the jury of their CONSTITUTIONAL AUTHORITY are traitors to the very foundation of the United States and are making war against the Constitution.

In 1895, in the case of Sparf v. United States written by Justice John Marshall Harlan, the United States Supreme Court held 5 to 4 that a trial judge has no responsibility to inform the jury of the right to nullify laws. This decision, often cited, has led to a common practice by United States judges to penalize anyone who attempts to present a nullification argument to jurors and to declare a mistrial if such an argument has been presented to them, informing the jury of their Constitutional Right under We the People.

In some states, jurors are likely to be struck from the panel during voir dire if they will not agree to accept as correct the rulings and instructions of the law as provided by the judge. This illustrates that the very same powers of the judge in the case against William Penn are alive and well. This is what is taking place in New York right now by the very questions this judge is asking the jurors – will you find Trump guilty because I said he is?

In recent rulings, the courts have continued to prohibit informing juries about jury their CONSTITUTIONAL right to nullification. In a 1969 Fourth Circuit decision, U.S. v. Moylan (417 F.2d 1002), the Court affirmed the concept of jury nullification but upheld the court’s power to refuse to permit an instruction to the jury to this effect. The Moylan court wrote:

“If the jury feels the law is unjust, we recognize the undisputed power of the jury to acquit.” — 4th Circuit Court of Appeals United States v. Moylan 1969

So, how can the government refuse to explain the right of the jury? This is the ultimate tyranny, depriving the jury of informing them that they are the CHECK AND BALANCE against corrupt prosecutions that are taking place right now! Disgracing the United States on the world stage. Judge Juan Merchan is destroying the United States just as the judge did in the case against William Penn. This is what it always comes down to: Justice = Just US.

 

 

The Democrats think that they can simply oppress Trump and the Republicans and rig the election to keep their agenda of Climate Change, reducing the population by 2 billion+, and waging World War III against Russia, China, Iran, and North Korea simultaneously. On top of that, they are pushing to terminate all paper money, moving to a DIGITAL dollar to ensure you cannot pay that 16-year-old girl next door to watch the kids while you and your wife go to dinner. How about paying that enterprising young boy to shovel your driveway when Climate Change dumps three feet of snow on your house because of Global Warming? OMG – they are not paying taxes, which is why the government cannot balance the budget – it’s all your fault. As the data already shows, the 80,000 armed IRS agents target people under $200,000 because those above have accountants and lawyers.

Swamp

This insane Judge Juan Merchan thought by requiring Trump to be in court every day for at least the next two months, he would end his campaign for president, preventing him from ordinarily scheduling a series of campaign speeches at fundraisers and rallies. This is violating everyone’s right to vote. This judge has also effectively protected Biden and the Democrats from any claim that he is afraid of debating Trump when he will not be allowed to leave New York City – the cesspool of the United States – not the Big Apple.

Liberty Crying

Even our foreign clients see it as a political trial. This judge has not just undermined the respect for the American legal system, but he has destroyed the image of the United States as the land of the free, home of the brave, and the promise of justice for all. This calls into question asking our young men to die on the battlefield for a Constitution and rights that the courts have been shredding since COVID. According to Gallup Polls, the confidence in our legal system in 2014 was only 47%, compared to Russia at 28%. In June 2022, the Gallup Poll reported that the CONFIDENCE in the Legam System collapsed to 25% – lower than in Russia in 2014.

 

 

Judge Juan Merchan should have permanently dismissed this case, if not the bench, but he is so biased that they think they can pull this off. He intends to sentence Trump to prison Trump, and this prosecutor already says it is time for “rich white guys” to go to prison. This judge has guaranteed that Trump will be using this trial as the center point of how bad the Swamp has become. Protest Freedom Liberty

NOT one of our thousands of non-US institutions views this as a legitimate trial., even those who dislike Trump. You cannot do this in a nation that is supposed to be the beacon of liberty to the world when we also have more people in prison than Russia or China, even when China has 1.5 billion compared to our 300 million. Either Americans are the most corrupt people on the planet, or we have the most corrupt legal system. Trust me – it is the latter.

Civil Unrest 2023

This trial will be the first to tear the United States apart at the seams. Once the rule of law collapses, NO NATION has ever survived as history stands as witness. The arrogance of this judge has been unimaginable since the trial of William Penn.

2024 Presidential Election by Popular Vote

We can see what the computer is projecting. Out of six separate models, four all give this election to Trump. But two have unimaginable returns of 59% to 61%. This abuse of this judge will most likely swing the undecided to Trump because this is exposing how bad the legal system has become.

2028 Presidential forecast

Then, look at the forecast for 2028. We are looking at a 78% v 19.2% on the first model, which has never been seen except for maybe George Washington. But the underlying response is even worse. The computer is showing a higher probability that the 2028 election will not even take place. It is rapidly approaching the time to turn the lights out on this failed experiment of a Republic they call a Democracy, which it is not – the United States. We will have to redesign the government just as they did in 1776.

Turn out Lights

 

 

Market Talk – April 17, 2024

Market Talk 2017

ASIA:

 

The major Asian stock markets had a mixed day today:

  • NIKKEI 225 decreased 509.40 points or -1.32% to 37,961.80
  • Shanghai increased 64.31 points or 2.14% to 3,071.38
  • Hang Seng increased 2.87 points or 0.02% to 16,251.84
  • ASX 200 decreased 6.90 points or -0.09% to 7,605.60
  • Kospi decreased 25.45 points or -0.98% to 2,584.18
  • SENSEX closed
  • Nifty50 closed

 

The major Asian currency markets had a mixed day today:

  • AUDUSD increased 0.00216 or 0.34% to 0.64338
  • NZDUSD increased 0.00227 or 0.39% to 0.59141
  • USDJPY decreased 0.352 or -0.23% to 154.345
  • USDCNY decreased 0.0178 or -0.25% to 7.24571

 

The above data was collected around 15:46 EST.

 

 

Precious Metals:

  • Gold decreased 4.67 USD/t oz. or -0.20% to 2,372.57
  • Silver increased 0.108 USD/t. oz or 0.38% to 28.285

 

The above data was collected around 15:48 EST.

 

 

EUROPE/EMEA:

The major Europe stock markets had a green day today:

  • CAC 40 increased 48.90 points or 0.62% to 7,981.51
  • FTSE 100 increased 27.63 points or 0.35% to 7,847.99
  • DAX 30 increased 3.79 points or 0.02% to 17.770.02

 

The major Europe currency markets had a mixed day today:

  • EURUSD increased 0.00475 or 0.45% to 1.06684
  • GBPUSD increased 0.00201 or 0.16% to 1.24504
  • USDCHF decreased 0.00211 or -0.23% to 0.91054

 

The above data was collected around 15:52 EST.

 

US/AMERICAS:

US Market Closings:

  • Dow declined 46.45 points or -0.12% to 37,752.52
  • S&P 500 declined 29.2 points or -0.58% to 5,022.21
  • Nasdaq declined 181.88 points or -1.15% to 15,683.37
  • Russell 2000 declined 19.53 points or -0.99% to 1,947.95

 

Canada Market Closings:

  • TSX Composite advanced 13.18 points or 0.06% to 21,656.05
  • TSX 60 advanced 1.99 points or 0.15% to 1,296.97

 

Brazil Market Closing:

  • Bovespa declined 196.83 points or -0.16% to 124,191.79

 

ENERGY:

 

The oil markets had a negative day today:

 

  • Crude Oil decreased 2.659 USD/BBL or -3.12% to 82.701
  • Brent decreased 2.631 USD/BBL or -2.92% to 87.388
  • Natural gas decreased 0.0192 USD/MMBtu or -1.11% to 1.7128
  • Gasoline decreased 0.0942 USD/GAL or -3.34% to 2.7281
  • Heating oil decreased 0.0804 USD/GAL or -3.03% to 2.5745

 

The above data was collected around 15:55 EST.

 

  • Top commodity gainers: Coffee (3.74%), Cocoa (3.87%), Steel (1.86%) and Rice (1.90%)
  • Top commodity losers: Wheat (-4.74%), Crude Oil (-3.12%), Gasoline (-3.34%) and Heating Oil (-3.03%)

 

The above data was collected around 16:00 EST.

 

 

BONDS:

 

Japan 0.887% (+1.46bp), US 2’s 4.94% (-0.062%) , US 10’s 4.586% (-8.35bps); US 30’s 4.70% (-0.063%), Bunds 2.4645% (-1.85bp), France 2.979% (-2.9bp), Italy 3.862% (-4.3bp), Turkey 28.105% (+230.5bp), Greece 3.420% (-1.9bp), Portugal 3.147% (-3.1bp); Spain 3.292% (-3.15bp) and UK Gilts 4.264% (-4bp)

 

The above data was collected around 14:03 EST.

Florida is NOT California – Act Accordingly

Please reside in a state that stands with your current political allegiance. This week has proved that the rule of law is no longer applicable to the whole of the United States. We are no longer united. In California, pro-Hamas fools blocked off the Golden Gate Bridge for hours as authorities stood around and passively watched. They seemed to be protecting the protestors over the people. In their defense, Governor Newsom would not have permitted anyone to step in as the left seeks to fuel civil unrest. The same zealots tried to block roads in Florida and quickly learned that California’s passivity does not apply here.

I must add that similar protests happened in New York, another woke blue state, where protestors were permitted to block multiple airports and bridges. The Chicago airport was blocked this week too. They were able to chant DEATH TO AMERICA while burning our flag and threatening our national security. Imagine if pro-ISIS protestors were permitted to do the same in NYC in the wake of 9/11? It is hard to call these people “protestors” as they are protesting the existence of the United States, the same nation where they are seeking refuge and disrupting our peace. They are welcome to board a plane and go to their nation of choice to support them directly.

TeddyRoosevelt.Immigration

Communications Director Bryan Griffin, who works under Florida’s Ron DeSantis, explained what happened when these pro-terrorist idiots tried the same stunts in a red state. “In Florida, we drag these people out of the road and arrest them,” Griffin posted to X along with a video that shows authorities rounding up these anti-American cowards and pulling them out of traffic. Why should our nation be forced to passively sit by and watch others chant for our demise?

Authorities in blue states are permitting this behavior at the direction of their political leaders. The people voted for these politicians and got exactly what they asked for. It is perfectly acceptable to burn the American flag, but heaven forbid someone burnt a rainbow flag or the flag of one of our foster nations. Places like California are implementing laws to ban “hate speech” or anti-establishment speech, because calling for the death of your own nation is considered perfectly acceptable by these morons.

State rights are becoming a major factor in our quality of life. Do not move to a red state for lower taxes if you plan to vote blue and usher in the same policies that caused you to flee your former state. Biden has repeatedly said he wants to flip Florida blue – good luck.

Lower-Income Americans and Republicans Least Likely to Switch to EVs

gm factory 700x420 1

I explained how the private sector does not wish to switch to EVs amid high production costs and low demand. A recent Gallup Poll found that Americans do not want to own an EV, and the plans to eliminate fossil fuels do not align with the wishes of the people.

Around 7% of respondents, up 4% from last year, do own an EV. In 2023, 43% of respondents said they’d consider switching to electric, but that figure has declined to 35%. Fewer than half of adults, 44%, said they’d “seriously consider” or “might consider” buying electric in the future, down from 55% in 2023, while the number of people stating they have zero intention of switching rose to 48% from 41% on an annual basis.

AOC Let Them Drive Teslas

We know that is cost more to purchase an EV, hence upper-income respondents are more likely to own or consider owning an EV and that figure declines when we look at middle America, and further declines when we look at the working class. In fact, 61% of lower-income Americans said they would never switch to electric, an 18 percentage point rise from 2023.

Liberals are also more likely to own or consider owning an EV. Only 27% of Democrats said they would not consider switching compared to 69% of Republicans and 47% of Independents. The study found that lower-income and young Americans are most concerned about climate change, but only 8% of people overall who worry “a great deal” about fossil fuel cars impact on the environment actually own one.

Still, the government is pushing full speed ahead to ensure 60% of new vehicle production is electric by 2030 – six years from now. I explained how manufacturing is not expanding under these climate change initiatives. The private sector does not want to produce these vehicles and the people do not want to buy them. Yet, the Biden Administration will stick to these arbitrary targets if re-elected this November.

 

The Truth About Fake News

Economist 4 13 24 Cover_Story_The_next_housing_disaster

The Economist’s editor-in-chief, Zanny Minton Beddoes, wrote that global warming would damage a tenth of the world’s residential property by value. They reported that this includes “many houses that are nowhere near the coast. From tornadoes battering Midwestern American suburbs to tennis-ball-size hailstones smashing the roofs of Italian villas, the severe weather brought about by greenhouse-gas emissions is shaking the foundations of the world’s most important asset class.” 

Once upon a time, the Economist was a respected magazine. Today, there is no point in advertising there because, clearly, the people who believe these articles are brainwashed and hopeless unless you are pitching green investments that always lose money. Can you imagine that now 10% of all real estate will be damaged by global warming?

Sun 1892 Fakes News

The entire problem has infected the media for centuries. Donald Trump did not suddenly invent Fake News. Here is an article from the New York Sun published on September 3rd, 1892. The Sun charged its competitor, the New York World, with “manufacturing news in its own office purporting to be cable news of interviews with prominent scientists in Europe.” The article states it cannot be condemned for it “strikes at the vital point in the character of a newspaper… Of all unfortunate and foolish things a newspaper may do, that of destroying public confidence in itself is most unfortunate and most foolish, and it can accomplish this end in no other way more quickly or more completely than in the matter of ‘fake’ news.”

PulitzerHearstWarYellowKids

The first time I heard about corruption in the media was in a GRADE SCHOOL history class in the early to mid-60s. The teacher explained that the media created the Spanish-American War, which manufactured news to sell newspapers. You needed sensationalism to sell newspapers. The Hearst model was all about selling sensationalized stories to sell papers – not necessarily the truth.

Raymond Henry Jarvis

The New York Daily Times had significant circulation among conservatives during the mid-19th century since its founder, Henry Jarvis Raymond (1820-1869), was often known as the Godfather of the Republican Party. He became its first Chairman and was elected to the US House of Representatives. Abraham Lincoln, the first Republican President, said: “The Times, I believe, is always true to the Union, and therefore should be treated at least as well as any.”

Ochs Adolph Simon

In August 1896, Chattanooga Times publisher Adolph Ochs (1858-1935) acquired The New-York Times, implementing major changes to its basic structure making it a merchant’s newspaper. At first, Ochs wanted to steer the paper to be the antithesis of the competition like the New York World that was focused on the sensation sales model. Ochs was trying to sell his newspapers to people who wanted real news and information to enable them to invest money. The Wall Street Journal did not begin until 1889. In 1910, Ochs made a political realignment whereby he rejected the Republican Party and moved more progressive as Marxist Socialism became popular. This went to the NY Times, becoming a political agenda.

1970 Climate Change

There is just no more integrity in mainstream media, and when you really look at its history, one can argue it has ALWAYS been about fake news—because fake news sells. They are businesses and, at the end of the day, need a profit. A few decades ago, I asked a major movie producer why all the movies about love projected happily ever after. He said people want to leave the theatre with a smile—not crying. I think that explains the problem. The sad part is the press interprets the First Amendment to mean they are free to twist the truth in any way they like for profit.

 

 

 

Market Talk – April 16, 2024

Market Talk 2017

ASIA:

 

The major Asian stock markets had a negative day today:

  • NIKKEI 225 decreased 761.60 points or -1.94% to 38,471.20
  • Shanghai decreased 50.31 points or -1.65% to 3,007.07
  • Hang Seng decreased 351.49 points or -2.12% to 16,248.97
  • ASX 200 decreased 140.00 points or -1.81% to 7,612.50
  • Kospi decreased 60.80 points or -2.28% to 2,609.63
  • SENSEX decreased 456.10 points or -0.62% to 72,943.68
  • Nifty50 decreased 124.60 points or -0.56% to 22,147.90

 

The major Asian currency markets had a mixed day today:

  • AUDUSD decreased 0.00349 or -0.54% to 0.64085
  • NZDUSD decreased 0.00214 or -0.36% to 0.58841
  • USDJPY increased 0.409 or 0.27% to 154.582
  • USDCNY increased 0.00364 or 0.05% to 7.26438

 

The above data was collected around 12:11 EST.

 

 

Precious Metals:

  • Gold increased 22.34 USD/t oz. or 0.94% to 2,388.11
  • Silver increased 0.241 USD/t. oz or 0.86% to 28.250

 

The above data was collected around 12:14 EST.

 

 

EUROPE/EMEA:

The major Europe stock markets had a negative day today:

  • CAC 40 decreased 112.50 points or -1.40% to 7,932.61
  • FTSE 100 decreased 145.17 points or -1.82% to 7,820.36
  • DAX 30 decreased 260.35 points or -1.44% to 17.766.23

 

The major Europe currency markets had a mixed day today:

  • EURUSD decreased 0.00008 or -0.01% to 1.06270
  • GBPUSD decreased 0.0018 or -0.14% to 1.24310
  • USDCHF increased 0.0012 or 0.13% to 0.91297

 

The above data was collected around 12:16 EST.

 

US/AMERICAS:

US Market Closings:

  • Dow advanced 63.86 points or 0.17% to 36,798.97
  • S&P 500 declined 10.41 points or -0.21% to 5,051.41
  • Nasdaq declined 19.77 points or -0.12% to 15,865.25
  • Russell 2000 declined 8.23 points or -0.42% to 1,967.48

 

Canada Market Closings:

  • TSX Composite declined 97.33 points or -0.45% to 21,642.87
  • TSX 60 declined 7.28 points or -0.56% to 1,294.98

 

Brazil Market Closing:

  • Bovespa declined 762.76 points or -0.61% to 124,571.13

 

ENERGY:

 

The oil markets had a mixed day today:

 

  • Crude Oil decreased 0.249 USD/BBL or -0.29% to 85.161
  • Brent decreased 0.227 USD/BBL or -0.25% to 89.873
  • Natural gas decreased 0.0271 USD/MMBtu or -1.60% to 1.6639
  • Gasoline increased 0.0122 USD/GAL or 0.44% to 2.7961
  • Heating oil decreased 0.0116 USD/GAL or -0.44% to 2.6482

 

The above data was collected around 12:19 EST.

 

  • Top commodity gainers: Coffee (1.00%), Oat (0.94%), Steel (3.14%) and Cheese (1.82%)
  • Top commodity losers: Cotton (-3.20%), Palm Oil (-3.05%), Cocoa (-7.77%) and Orange Juice (-2.39%)

 

The above data was collected around 12:26 EST.

 

 

BONDS:

 

Japan 0.872% (+0.6bp), US 2’s 4.97% (+0.043%) , US 10’s 4.658% (+4.84bps); US 30’s 4.76% (+0.035%), Bunds 2.4865% (+5.15bp), France 3.008% (+5.4bp), Italy 3.905% (+7.6bp), Turkey 27.475% (+190.5bp), Greece 3.439% (+6.3bp), Portugal 3.183% (+6.9bp); Spain 3.328% (+7.05bp) and UK Gilts 4.304% (+6.11bp)

 

The above data was collected around 12:30 EST.