Martin saying ...
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There tends to be a seasonal pattern that emerges concerning investment cycles. Traditionally, you get the summer highs followed by a crash into the seasonal Oct/Nov low. As long as that Panic low holds, then the market will run off to new highs once more. However, when the Oct/Nov period produces a high, then that is far more serious and a decline thereafter typically follows into often the first quarter of the following year.
The 1998 Panic bottomed in 8 weeks from the highest weekly closing. Both the 1929 and 1987 waves of panic took also 8 weeks. During 1987 and 1998, those lows during the Panic held. In 1929, that initial panic low was broken, and thereafter the Great Depression was indicated as the market spiraled down into 1932.
Of course, there were external events. In the case of 1987, the dollar was crashing, and that caused foreign investors to sell as rumors circulated that the dollar would fall another 40% thanks to the G5. That was the first time domestic analysis was forced to look beyond the shores for a cause and effect. It took a lot of arguing to convince the Brady Commission that the cause was the government itself forming the G5 (now G20). My greatest accomplishment was to get the conclusion of the Brady Commission to avoid regulating the US market and simply said in their report that they thought currency has something to do with it.
In the case of the 1998 Long-Term Capital Management Crisis, there too the source of the crisis was Russia. The "club" was all trading Russian debt because they assumed the IMF would bail them out. That did not happen and what emerged was an international LIQUIDITY CRISIS for they could not sell the Russian debt for everyone was on the same side. They had to start selling assets in all other markets to raise money to cover losses on their Russian Debt. Hence, all the world markets were going nuts. With the drop in the dollar, this time US assets were bought up by foreign investment and the pattern you see in the Dow was a brief correction.
Therefore, as we now approach this Dark Period where the elite have been carrying out an elaborate hoax with this COVID scam (see Obama's Party with no masks, see also photos Obama without a mask) and the media constantly engaging in physiological terrorism over a disease that is no worse than the flu for 99.4% and the majority of doctors just follow orders from above without questioning anything,
We clearly now have the hypocrisy of the vaccine for the vaccinated are told to wear masks, social distance, and they can still both spread the virus as well as get it. In New York, you can't go out to dinner without vaccination or go to Broadway. Now we have companies saying you are fired unless you get the vaccine when there is OBVIOUSLY no difference. The bottom line is simple:
THIS PANDEMIC WILL NEVER END FOR VACCINES DO NOT PREVENT COVID
And because they so terrorized people with COVID and there is great concern rising over how to name the variants, it is proposed to name them after constellations rather than using Greek letters or the name of the country of origin. Meanwhile, many have started naming COVID the " CCP Virus" implying this came from the Chinese government. In retaliation, China is now saying the COVID was released in China by the US military.
So the bottom line is rather clear. Europe is using COVID to crush its people into submission for the launch of the Great Reset because moving to negative interest rates in 2014 failed to stimulate the economy and in the process terminated its ability to fund spending by borrowing money. Pension funds are insolvent and this will go down in history as one of the greatest mismanagement in history by the government. They are now trying to move to the Great Reset exploiting this virus to achieve a new form of a government ending democracy forever.
Politically, Europe is different from the United States. There, a head of state can control the entire country. In the USA, the president has no such power to shut down the entire nation. As this becomes clear with east passing week, the risk of capital flight to the dollar still remains in the wings and that can still confuse the gold bugs who continue to preach the dollar must crumble to ash. |
