Currenty Live Now ---- Crypto & the Markets!!
Added 2020-03-16 01:19:12 +0000 UTCComments
CoronaGate & Europe FRIDAY, 13 MARCH 2020 BY: MARTY ARMSTRONG QUESTION: Martin, Thanks for the wealth of information provided on the Private Blog. I'm about your age and have never in my lifetime witnessed such a massive, financially destructive Con Job as the Coronavirus panic. This will obviously result in poor Corp earnings for the 1st and 2nd quarters of 2020. With this in mind, is it reasonable to assume that the slingshot in the DOW will probably not take place until at least Nov 2020? Has Socrates moved off of the 40-65K DOW target due to this economic downturn in the US? It was a real privilege to meet you at a previous WEC. I cannot thank you enough for your lifetime of work. Take care, TG ANSWER: Not yet. In fact, this type of price action is what is needed for the slingshot. At the high, we just faded the ECM high on January 18th slightly and then turned down. That is what creates the energy for a decline of this magnitude. We have penetrated last year's low of 22638.41 and the 2018 low of 21,712.53. This leaves only the 2017 low of 19677.94. Break the 2017 low and hold a Major Monthly Bearish bouncing off of that would point to an extremely powerful slingshot up. What I am at liberty to say is that we have been on the phone with numerous European banks. Every department is losing money. Their correlation trading desks have blown up. There are high-level meetings underway throughout Europe and the banks are screaming they must be bailed out of the entire banking system goes under. The general mood is one of sheer desperation. One more day down like Thursday and we may see the banks close next week in Europe. While the WHO seems to be behind the coordination of shutting the world economy down instructing people to cancel events and they have created a state of absolute panic, the question that emerges is this just pure stupidity or is there a plot behind this in Europe? It is very strange that the central banks in Europe are calling the press and pointing out these papers on a new digital currency. They are feeding the press with the idea that a solution is a digital currency. There are now people lining up at ATMs throughout Europe withdrawing cash. That is from Finland to Italy. The smell of death is in the air when it comes to Keynesian Economics. The ECB has ZERO ability to act because they took interest rates to zero. That means the only tool left is fiscal, but that is a political nightmare for Germany would not accept the consolidation of debts. The ONLY POSSIBLE solution on the table that allows government to retain power is to confiscate digital currencies and cancel cash. They have already regulated gold and Australia made it a criminal act to buy anything with $10,000 in cash. They can easily shut down the gold market.ย This leaves only the dollar as an external currency that the EU has no power over to cancel. I have explained previously, that each new Emperor in Japan devalued the outstanding money supply to be worth 10% of his new currency. This led the Japanese to reject Japanese coins and they used Chinese coins as well as bags of rice. Japan lost the ability to issue money for 600 years. In this case, Europeans will resort to using a foreign currency which is beyond the control of their local government to cancel. The same was true in Zimbabwe.ย The dollar remains king. The USA will not move to a digital currency until it is forced to do so perhaps in 2022. This is why Bitcoin has also collapsed and so has gold. As hedge funds lose money, as I explained at the WEC, this would be a liquidity crisis like 1998 where they need money so they sell everything.
Andreas Zernickel
2020-03-16 18:45:49 +0000 UTChttps://www.armstrongeconomics.com/markets-by-sector/stock-indicies/private-blog-the-long-term-slingshot/
Andreas Zernickel
2020-03-16 18:32:15 +0000 UTCThe Long-Term & Slingshot MONDAY, 16 MARCH 2020 BY: MARTY ARMSTRONG This is the Central Bank Crisis we warned would begin in 2020. It is here. Keep in mind that we MUST go down first in order to clean it out and this then creates the bear trap as we saw back in 2009. As the market rallies, they will once again not believe it.l Therefore, the ultimate high is not changed. This only reinforces the long-term forecast. With interest rates at zero, bonds will soon become the place to leave. Eventually, the only place for capital to run to will be the blue-chip equities
Andreas Zernickel
2020-03-16 18:30:57 +0000 UTCCan you make a video on the Dak Prescott franchise tag news? The news came 231 days after his birthday. Rayne Dakota Prescott=231. Exclusive Franchise Tag=231. It is also 33 weeks exactly. Cowboys=33. News comes on the 16th of March. Dak=16. News comes 43 days after the Super Bowl. Dallas Cowboys=43. News comes 181 days before the 1rst Sunday of the 101rst NFL season on 9/13. 181, the 42nd prime. Dak Prescott=42. With regards to it being the 76th day of the gregorian and having 59 and 14 date numerology, Slave, Negro, Rasta, Blues all equal 76 and 59 & Slave, Rasta, and Blues equal 14
Keenan
2020-03-16 15:13:49 +0000 UTCGreat info๐
Fokke Cornelis Dijkstra
2020-03-16 14:18:21 +0000 UTC
