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Wednesday, November 29, 2023

S&P 500 Pre-Election Year Seasonal Pattern For December 2023 | Jeff Hirsch

First half of December weak ahead of mid-month pop.

 
 primetimes2.com - Cycle of Solunar Forces in December, 2023.
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The ICT 2022 Mentorship Trading Strategy

Reference:
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Nasdaq 100

Nasdaq 100 (monthly bars). Yearly, Quarterly, Monthly Highs and Lows and Targets. First month up.
Cup & Handle pattern? No.  
 
 
 
 Nasdaq 100 (weekly bars). Four weeks up. Current inside.

Nasdaq 100 (daily bars)
 
Nasdaq 100 (1 hour bars) - Last week narrow range. This one still inside. Close above balance line. 
 
Wednesday, Thursday, Friday 'Major Red News'.
 
 
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Tuesday, November 28, 2023

The Financial System Has Reached The End | Egon von Greyerz

The world is now witnessing the end of a currency and financial system which the Chinese already forecasted in 1971 after Nixon closed the gold window [...] History tells us that we have now reached the point of no return. So denying history at this point will not just be very costly but will lead to a total destruction of investors’ wealth. 
 

History never lies but politicians do without fail. In a fake system based on false values, lying is considered to be an essential part of political survival. Let’s just look at Nixon's ignorant and irresponsible statements of August 15, 1971 when he took away the gold backing of the dollar and thus all currencies. Later on we will show how clear-sighted the Chinese leaders were about the destiny of the US and its economy. So there we have tricky Dick’s lies:
  • The suspension of the convertibility of the dollar in 1971 is still in effect 52 years later.
  • As the dollar has declined by almost 99% since 1971, the “strength of the economy” is also declining fast although using fiat money as the measure hides the truth.
And now to the last lie: “Your dollar will be worth just as much tomorrow”. Yes, you are almost right Dick!  It is still worth today a whole 1% of the value when you closed the gold window. The political system is clearly a farce. You have to lie to be elected and you have to lie to stay in power. That is what the gullible voters expect. The sad result is that they will always be cheated. So in 1971 after Nixon closed the gold window, China in its official news media the People’s Daily made the statements below: 

 
Clearly the Chinese understood the consequences of the disastrous US decision which would destroy the Western currency system as they said:
  • Seriousness of the US economic crisis and decay and decline of the capitalist system.
  • Mark the collapse of the monetary system with the US dollar as its prop.
  • Nixon’s policy cannot extricate the US from financial and economic crisis.
I am quite certain that the US administration at the time ridiculed China’s official statement. As most Western governments, they showed their arrogance and complete ignorance of history. How right the Chinese were. But the road to perdition is not immediate and we have seen over 50 years the clear “decline of the capitalist system”. The end of the current system is unlikely to be far away. Interestingly it seems that a Communist non-democratic system is much more clairvoyant than a so called Western democracy. There is clearly an advantage not always having to buy votes. 
 
As the whole currency system is about to implode,  it is in my view totally irrelevant where the US dollar is heading short term measured against other fiat currencies. The dilemma is that most “experts” use the Dollar Index (DXY) as the measure of the dollar’s strength or weakness. This is like climbing the ladder of success only to find out that the ladder is leaning against the wrong building. To measure the dollar against its partners in crime (the other fiat currencies) misses the point as they are all on the way to perdition. So the dollar index measures the dollar against six fiat currencies: Euro, Pound, Yen, Canadian Dollar, Swedish Kroner and Swiss Franc. The Chinese Yuan shines in its absence even though China is the second biggest economy in the world. But here is the crux. The dollar is in a race to the bottom with 6 other currencies. Since Nixon closed the gold window in 1971 all 7 currencies, including the US dollar, have declined 97-99% in real terms. Real terms means constant purchasing power. And the only money which has maintained constant purchasing power for over 5,000 years is of course gold. So let’s make it clear – the only money which has survived in history is GOLD!

All other currencies have without fail gone to ZERO and that without exception. Voltaire said it already in 1729: "Paper money eventually returns to its intrinsic value – zero." And that has been the destiny of every currency throughout history. Every single currency has without fail gone to ZERO. And this is where the dollar and its lackeys are heading. To debate if a currency, which has fallen 98.2% in the last 52 years, is going to strengthen or weaken in the next year or two is really missing the point. It is virtually 100% certain that the dollar and all fiat money will complete the cycle (which started in 1913 with the creation of the Fed) and fall the remaining 1-3% to ZERO. But we must remember that the final fall involves a 100% loss of value from today.
 
 
[...] The world’s reserve currency has had a sad performance based on lies, poor real growth, all due to a mismanaged economy based on debt and printed money. So although most currencies have lost 97-99% in real terms since 1971 there are shining exceptions. When the gold window was closed in 1971 I was working in a Swiss bank in Geneva. At the time, one dollar cost Swiss Franc 4.30. Today, 52 years later, one dollar costs Swiss Franc 0.88! This means that the dollar has declined 80% against the Swiss Franc since 1971. 
 

So a country like Switzerland with virtually no deficits and a very low debt to GDP proves that a well managed economy with very low inflation doesn’t destroy its currency like most irresponsible governments. The Swiss system of direct democracy and people power is totally unique and gives the people the right to have a referendum on almost any issue they choose. This makes the people much more responsible in their choices as a winning vote on any issue becomes part of the constitution and cannot be changed by government or parliament. Only a new referendum can change such a decision. Swiss Debt to GDP is around 40%. This was the level of US debt back in 1971 before the gold window was closed. [...] US debt to GDP is now 132%. In 2000 it was 55%. 132% debt to GDP is the level of a Banana Republic which is frantically trying to survive by printing and borrowing ever increasing amounts of worthless fiat money.
  
 
 Agustín Carstens, general manager of the Bank for International Settlements (BIS) — the central bank of central banks in Basel, Switzerland — admits that Central Bank Digital Currency (CBDC) will grant central bankers » absolute control « over how it can be used, and the technology to be able to centrally enforce that. Not 'up to date' with your injections? Exceeded your weekly carbon allowance? Ventured outside of your designated '15 minute' district? Oops, no money for you!  
 
» Digital ID and CBDC is the essence of scientific dictatorship «, says Patrick Wood, author of the 2014 book 'Technocracy Rising: 
The Trojan Horse of Global Transformation'. He breaks down the all-encompassing digital open-air prison
that CBDC and digital ID are designed to facilitate.
 
Joe Rogan, host of the world's most popular podcast, is now wide awake to the grave dangers posed to freedoms by CBDC, and the social credit systems that it facilitates. » If you get a bad social credit score because you tweeted something they didn't like, now you can't buy a plane ticket, now you can't buy a car, now you can't get a loan. «

See also:
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Sunday, November 26, 2023

US Stock Indexes | Shallow Retracement Into Early-Mid-December Now Likely

Dow Jones Industrial Average (weekly bars)

Dow Jones Industrial Average (daily bars)
Monthly weekly and daily trends are up. 

S&P 500 (weekly bars)

S&P 500 (daily bars)
Eleven days, three levels and nearly 6 * ATR above the re-accumulation low of November 9.

 
Nasdaq 100 (weekly bars) 

Nasdaq 100 (daily bars) 

CNN Fear & Greed Index (daily bars).

 NYSE McClellan Oscillator (daily bars)
 
CBOE Volatility Index (monthly bars). Very close to multi-year lows.

SPX Put/Call Ratio = 1.63 for Nov 24 2023.
 
 Seth Golden (Nov 25, 2023):
The Trifecta of Overbought Conditions:
92% of SPX above 20-DMA, highest in 2+ yrs
McClellan Oscillator > 80+
S&P 500 2 std. above 50-DMA (RSI also 70+)
 
 
 
Four weeks+ of price expansion beyond daily, weekly and quarterly levels. Last week narrow daily and weekly ranges. Multi-month inflation melt-up? Possible. Allen Reminick suggests a creep up into November 27 (Mon) or December 1 (Fri) followed by some rather shallow 23-50% move down into December 8 or mid-month, some X-mas rally, sideways into January 12 and up into March-April 2024. Possible. [ Allen Reminick (Nov 20, 2023) - S&P 500 Projection Into June 2024 ]
 
See also:
Richard Wyckoff's Distribution Schematics. 

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The House Negro And The Field Negro | Malcolm X

The ‘house slave’ was subject to the same oppression as the ‘field slave’. Both were without ‘external’ freedom and hence in ‘external’ slavery. But while the ‘field slave’ hated that oppression and slavery, the ‘house slave’ submitted to it, identified with the slave master, and accepted his slavery. He was so brainwashed and ‘internally’ blind that he became an appendage of the slave master. He was always there to serve the slave master, however required, and whenever the slave master needed him. When the slave master was ill, the ‘house slave’ would feel his master’s pain and suffering and would declare to his master: “we sick!” The ‘house slave’ was both ‘internally’ as well as ‘externally’ a slave. He became a part of the system of slavery. The slave master rewarded the ‘house slave’ for his faithful service by ‘buttering’ his bread.
 
» There are two types of slaves, the house negro and the field negro. I am a field negro. «
Malcolm X, 1963

The ‘field slave’ on the other hand was ‘externally’ a slave but ‘internally’ a free man. Because of that ‘internal’ freedom, the ‘field slave’ had the capacity to ‘see’ and to thus recognize the slave master’s oppression and wickedness, and he hated it with all his heart and soul. The ‘field slave’ never submitted to oppression and wickedness but, rather, longed to regain his freedom and to dismantle the system of slavery. And so the ‘field slave’ responded to oppression and slavery in a manner that was anti-systemic. When the slave master’s house was on fire the ‘field slave’ prayed to God to send a strong wind which would burn down the house. 
 
Muslims [in Palestine] who faithfully follow Prophet Muhammad (SAW) are today’s ‘field slaves’! Field slaves who dare to offer armed resistance to Israel’s barbarous oppression in the Holy Land and elsewhere are today demonized as terrorists. Had Malcolm X been still alive today, it is certain that he would have been declared a “terrorist” and “a great security risk”.

 
See also:
  

November 21, 2023 - 1,000 boats left Turkiye for Gaza waters in a new ‘Freedom Flotilla’, carrying 4,500 people from 40 countries, "including anti-Zionist Jews". Among the 1,000 vessels are 313 boats filled with Russian, and 104 with Spanish activists.
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Friday, November 24, 2023

Legality and Legitimacy | Carl Schmitt

Carl Schmitt ranks among the most original and controversial political thinkers of the twentieth century. His incisive criticisms of Enlightenment political thought and liberal political practice remain as shocking and significant today as when they first appeared in Weimar Germany.
 
Carl Schmitt (1888 — 1985), » among the most original « , e.g.:
 » The emptiness of mere majority calculus deprives legality of all persuasive power. «
 
Legality and Legitimacy was composed in 1932, in the midst of the crisis that would lead to the collapse of the Weimar Republic and only a matter of months before Schmitt’s collaboration with the Nazis. Schmitt questions the political viability of liberal constitutionalism, parliamentary government, and the rule of law. Liberal governments, he argues, cannot respond effectively to challenges by radical groups like the Nazis or Communists. Only a presidential regime subject to few, if any, can ensure domestic security in a highly pluralistic society.

Quoted from the introduction to the 2004 first English translation of
 
November 24, 2023 - In the People's Republic of China, Central Bank Digital Currency (CBDC) is linked to citizens' mandatory digital ID. If somebody drives over the speed limit, the speed camera system automatically deducts a fine from their digital wallet.
 
November 24, 2023 - President of the European Central Bank (ECB), Christine Lagarde, announces the launch of the European CBDC — the digital euro — which will enable unelected technocrats at the ECB to program how, when, where, on what and by whom it can be spent, including the imposition of social credit, carbon allowance and vaccine passport systems. And despite the lie that 'cash is here to stay', you can be absolutely certain that megalomaniac technocrats such as Lagarde have every intention of gradually phasing out cash altogether, so eventually people will be forced to use CBDCs. European Union citizens already face imprisonment or fines for engaging in cash transactions above €1000, but the introduction of the digital euro will facilitate financial totalitarianism on a scale that would make even George Orwell wince.
 
November 24, 2023 - Christine Anderson, German Member of the European Parliament, explains how CBDCs, in conjunction with digital ID, will be used to exert absolute control over the population: » If you don't comply, they will just shut down your bank account. And it's not like it hasn't happened before. Look to Canada ... There were people standing up for their freedom, for their right not to get some unknown substance injected into their arms. They shut down their bank accounts. So if there was no cash, what are you going to do? They can just eliminate you with a flip of a switch. It's as simple as that. «
 
 
» This would imply to castrate humankind and to degrade it down to the pitiful level of the Chinese. «
Friedrich Nietzsche (1888) answering to Immanuel Kant's 'eternal peace' ideas in his Ecce Homo. Why I am a destiny.
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For A Peaceful Mass Extinction | The Club Of Rome

Dennis L. Meadows, an American Emeritus Professor of Systems Management and the Chief Quackademic Eugenicist Officer of the influential globalist think tank The Club of Rome since the late 1960s, expresses confidence that the "necessary depopulation of the planet, down to one billion"—an 87.5% reduction from today’s population—can be achieved "in a civil way."
 
What is your biggest hope, Dr. Meadows?  
» A peaceful collapse and many revolutions. «
 
 » The planet can support something like one billion people, maybe two billion, depending on how much liberty and how much material consumption you want to have. [...] If you want more liberty, and more consumption, you have to have fewer people. And conversely, you can have more people. I mean, we could even have eight or nine billion, probably if we have a very strong dictatorship. «
 
 
 
 » We must be ready to employ trickery, deceit, law-breaking, withholding and concealing truth. We can and must write in a language which sows among the masses hate, revulsion, scorn , and the like, towards those who disagree with us. «
Vladimir Ilyich Lenin
quoted in Max Eastman (1955) - Reflections on the Failure of Socialism.
 
 » In searching for a new enemy to unite us [after the collapse of the Soviet Union], we came up with the idea that pollution,
the threat of global warming, water shortages, famine and the like would fit the bill. The real enemy is humanity itself. «
President Emeritus of the Club of Rome Alexander King and Secretary General Bertrand Schneider 
in their book The First Global Revolution , 1991
 — as detailed in the 2023 documentary 'No Farmers, No Food: Will You Eat The Bugs?' (HERE)
 
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Thursday, November 23, 2023

The Prophet Of The Antichrist | Archbishop Carlo Maria Viganò

The sensitivity that Bergoglio shows towards idols and false religions is second only to the contempt he has for the true God and the one Church. 
 
Jorge Mario Bergoglio , Viganò's » Prophet of the Antichrist. «
Also-known-As : The Bishop of Rome, Vicar of Jesus Christ, Successor of the Prince of the Apostles, Supreme Pontiff of the Universal Church, Patriarch of the West, Primate of Italy, Metropolitan Archbishop of the Province of Rome,
Sovereign of the State of Vatican City, Servant of the Servants of God, Society of Jesus, His Holiness, Holy Father,
Pope Francis SJ alias » Call-Me-Jorge «
 
On the one hand, he receives notoriously blasphemous artists in the Sistine Chapel and supports the LGBTQ+ sect which publicly vilifies Our Lord and the Blessed Virgin; on the other hand he expresses “indignation” over a Koran burned by those who are exasperated by the Mohammedan invasion imposed by the New World Order he promoted. A crucifix dipped in urine is worth a papal audience full of smiles and a “thumbs up;” the Pachamama thrown into the Tiber arouses deploration. One wonders of which “church” he can be considered “pope:” Certainly not the Catholic one. Bergoglio and his sect, enslaved to woke ideology, take the errors of Vatican II to their extreme consequences and create the premises—with immigration—and ecumenism—for the social unrest that the globalist elite wants to create, so as to legitimize new restrictions on fundamental freedoms. The New Order prepares the way for the Antichrist, but Bergoglio in the role of his Prophet seems to want to get there even faster.

Titular Archbishop of Ulpiana, July 03, 2023. (video)
 

October 28, 2023 – More recent discussions by the old wise Christian warrior priest — 
may Allah (SWT) have mercy on his soul and grant him a beautiful palace in Jannah. Alhamdulillah for the blessing of Islam :
Archbishop Viganò laments the 2021 global coup d'etat of Satanists and their war on Christian peoples.
» May Almighty God protect and assist us. This is an important message for everyone. «, he exclaims. 
Important for the brotherhood of men honoring God Most High (SWT) and his last Prophet (PBUH).
» For You alone we worship. And You alone we ask for help. « For the peoples of The Book prevail.
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Massacres And Soap From Human Bones | French Terror in Algeria

France occupied Algeria for 132 years between 1830 and 1962, during which it killied over 1.5 million Algerians. Abdelmadjid Cheikhi, an advisor to Algeria's president Tebboune has accused France of having used the bones of slain Algerians to produce soap. Algeria was "a real field of experiments for the brutal practices that France later applied in other colonies, especially the African ones." He added that France's dark colonial history has pushed it to "obliterate it in all ways," including by destroying historical archives and obstructing Algeria's efforts to recover colonial records and the remains of anti-colonial fighters. Cheikhi also alleged that France moved its archives from Paris and Aix-en-Provence to "unknown places" in order to avoid scrutiny.
 
French soldiers standing around 45,000 Algerian men, women and children, 
massacred in the region of Setif, Guelma and Kherrata.

The release of colonial archives, Cheikhy contended, would "discredit France and the image it is trying to promote as a civilised country based on democracy and respect for human rights." Earlier this year, Algeria buried the remains of 24 resistance fighters returned from Paris after more than a century and a half as it marked the 58th anniversary of its independence from France. The skulls of the fighters, shot and decapitated in the early years of the French occupation, were laid to rest during an emotional ceremony at El Alia cemetery.

 
In February 1960 France tested its first atomic bomb, exposing over 24,000 Algerians to radiation. It is difficult to imagine the real losses caused by the resulting pollution. Up until today the exact and complete locations of all test sites, areas and aquifers of disposal of nuclear waste remain unknown to Algeria. But it is safe to say that France doesn't care. 
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Wednesday, November 22, 2023

Switzerland About To Start Collecting Data To Calculate Sanctions Impact

The Swiss government is to start collecting data from companies trading in commodities as the Ukraine conflict underscores the importance of the sector for both domestic and foreign policy, the Federal Council said in a statement released Wednesday. Switzerland currently has no official data on the contribution of the commodities trade to the country's GDP or goods traded by locally-based companies.

Over the next three years, the state statistics office will request information from about 400 companies, the statement said.

The move comes as Switzerland is juggling the implementation of Western sanctions against Russian resources with its status as a major hub for trading the country’s energy, grains and metals and a history of neutrality in international conflicts. Switzerland accounts for more than a third of global crude oil trade, more than two-thirds of metals trade and more than 35% of global agricultural trade, according to research, the report said.

Wait ... They did not calculate the impact before imposing sanctions. Now they want to know. In three years.
 
 
 Switzerland imported more than 14 tons of gold from Russia during October 2023 for processing, taking advantage of the fact that it was shipped through third countries, and thus did not violate Western sanctions, the latest data from the Swiss Federal Council has revealed. In October, the Alpine country’s gold imports totaled CHF776 million ($879 million), of which $875.7 million worth of the gold originated from Russia and was delivered through the UK and Moldova, data showed.
 

Hungarian Prime Minister Viktor Orbán (Nov 22, 2023) - » Europe has lost its capacity for self-determination. « Speech and talk on being a soccer player and a politician; on Ukraine and the West a.k.a. NATOstan loosing the war; on sovereignty and national interests of Hungary as a member of the European Union;  on how Hungary stopped illegal migration;  on the decline and demise of the European Union - in Zurich, Switzerland.
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