I wonder how people remember things who don't film, don't photograph, don't tape. How has mankind managed to remember? I know: it wrote the Bible. The new Bible will be an eternal magnetic tape of a time that will have to reread itself constantly, just to know it existed.
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Saturday, December 28, 2024
The Function of Remembering | Chris Marker
I wonder how people remember things who don't film, don't photograph, don't tape. How has mankind managed to remember? I know: it wrote the Bible. The new Bible will be an eternal magnetic tape of a time that will have to reread itself constantly, just to know it existed.
Solar Activity and "Violence-from-Below" Events | Suitbert Ertel
A.L. Chizhevsky (1897–1964), Russian scientist, Soviet Gulag prisoner, and founder of heliobiology, a field dedicated to studying the impact of solar activity on biological, social, and psychological processes. His work spanned experimental biophysics and hematology (structural analysis of blood). In addition to his scientific pursuits, Chizhevsky wrote poetry, engaged in literary criticism, and taught history and archaeology.
At the 1926 Annual Meeting of the American Meteorological Society, an American participant delivered a paper written in 1921 by Alexander Leonidovich Chizhevsky, who was then a 24-year old Russian scholar. Its bombastic title "The Influence of Cosmic Factors Upon the Behavior of Organized Human Masses, as Well as Upon the Universal Historical Process" appeared laughable. The author claimed that occurrences of social unrest, rebellions, upheavals, revolutions are significantly correlated with solar activity, i.e., with the ups and downs of magnetic turbulence of the sun.
In his own words: "The greatest revolutions, wars and other mass movements which have created nations, have given origin to the turning points of history, and have shaken the life of humanity and entire continents, tend to coincide with the periods of the maxima of the sun’s activity". [...] Since 1958, after being rehabilitated from Stalin's Gulag system, Chizhevsky has been acknowledged in Russia and elsewhere as the founder of the discipline of "heliobiology."
By then some of his claims had appeared less vaunting and more admissible, especially in medical science circles: Typhus, influenza pandemics, cholera, and other epidemic diseases, as well as the morbidity of animals, were alleged to be correlated with solar activity. Chizhevsky's major claim, however, the correlation of turning points in human history with solar maximum conditions, was deemed unthinkable.
refers to it by one or more of the above verbal labels. «
the nearest solar maximum should be random. Even though a revolution might coincide with a solar maximum due
In sum, history text references to violence-from-below events tend to coincide with the years of maximum solar activity. However, a number of ensuing problems need to be solved:
- Physical Variables: Which variables are actually effective? Are solar emissions responsible? Are mediators like geophysical disturbances or climate involved? Solar activity effects on the world’s climate are too small and too slow to explain unlagged revolutionary behavior. Geomagnetic influence is somewhat more likely, but cycles of geomagnetism peak about two years later than solar cycles. Cosmic radiation, whose intensity is attenuated by solar magnetism, might be an effective variable.
- Physiological Variables: Which psychobiological structures underlying violence-from-below are responsive to such hidden stimulation? Neural structures for sensory or subsensory perception, for emotional processes, or for cognitive processes?
- Effect Size: How strong are solar correlated (external) factors compared to social-political dynamics (internal factors)? The external factors are apparently strong enough to emerge despite internal political dynamics. If the external effects were weak, they would be diluted.
- Effect Limitations: Why is solar maxima not always associated with violence-from-below? Why did high violence-from-below sometimes emerge despite low solar activity? Historical incidences of unexpectedly high or low violence — “unexpectedly” in view of deviating solar conditions — might be of foremost interest for investigating the range of heliodependence of social-political dynamics.
- Concomitants: The role of revolutionary events in broader societal and historical contexts must be considered. Long wave oscillations have been claimed between liberal and conservative worldviews, and economic cycles of the famous Kondratiev type ought to be put into perspective. The connection between violence-from-below with conflicts of horizontal extension (international wars) needs investigation.
- Generalizations: Revolutionary movements are generally seen as expressions of new ideas rather than as blind valves releasing stowed-up aggressions: “Revolution is ... a war of ideas”. The question arises whether ideational activity in other domains, aside from the social-political domain, may oscillate with changing solar activity-related conditions.
- Present and Future: How strong is solar activity in 1996? We find ourselves in the midst of a solar minimum. Applying our above observations, we may be tempted to conclude that presently the probability of major world revolutions is low. The most recent turning point in contemporary history occurred in 1989, a solar maximum year. The 1989 revolution brought to an end an era whose beginning was the Bolshevik Revolution of 1917, a solar maximum year.
The next solar maximum is expected for A.D. 2000 or 2001. The probability of revolutionary upheavals on this globe should then be greater. It seems advisable, however, to postpone predictions and to rather await further conclusions from research conducted by macroecologists, i.e., by a team of experts from all those disciplines of science, social science, and history whose contributions to solving the solar activity riddle are badly needed.
Regrettably, such a team does not yet exist, but researchers in chronobiology/chronomedicine and in biogeomagnetics are not far from setting the stage: "An international and truly interdisciplinary effort will be required to ascertain the validity of biogeomagnetics ... to scrutinize physiological harbingers and their possible correlations with 'space weather' parameters."
Suitbert Ertel (1996) - Space Weather and Revolutions - Chizhevsky's Heliobiological Claim Scrutinized.
Tuesday, December 24, 2024
2025 US Stock Market Outlook: The Good, the Bad & the Ugly │Larry Williams
- On the positive side, there are no immediate signs of a US recession, with strong employment figures and a labor market expected to improve in early 2025. Business conditions remain stable, and historically, stock markets tend to perform well in the first year of a presidential term.
- However, there are risks, including potential profit-taking after a strong 2024 market, the uncertainty surrounding trade policies and tariffs, and the unpredictable actions of the Fed, Congress, and business leaders like Elon Musk.
- On the negative side, market valuations, such as high price-to-earnings and Shiller CAPE ratios, suggest that the market is overvalued, which increases the risk of a correction. Additionally, industrial production is underperforming, which could hinder economic growth, and inflationary pressures from the excessive money supply expansion since the COVID-19 pandemic may contribute to market volatility.
Given the current very high valuation ratios, the 2025 forecast indicates slower growth and market underperformance compared to historical averages. Therefore I don’t foresee a runaway bull market in US stock indices in 2025, and volatility is likely to be a key characteristic, with short-term rallies and corrections. Very long-term market cycles suggest we are at the beginning of a prolonged period of sideways movement, with the next major bull market not expected to begin until around 2038.
Regarding a major crash that some are constantly talking about, I don't see it occurring in 2025 either. While the market will be challenging, the overall bias will lean toward the upside.
Larry Williams ( December 20, 2024) - 2025 Market Outlook: The Good, Bad, and Ugly. (video)
Monday, December 23, 2024
Outlook for 2025: Depression, Debt, Default & Destruction | Martin Armstrong
The rise in long-term rates reflects a loss of confidence in government debt. For instance, corporate bonds in France are now offering better returns than government bonds, and even Greece's debt is becoming more attractive. This points to systemic weaknesses within European governments. Meanwhile, the US faces its own dilemma: raising rates to combat inflation only makes its national debt more expensive. As the world's largest borrower, higher rates simply add to the debt burden rather than reducing spending. This crisis underscores the failure of Keynesian economics, which Paul Volcker acknowledged in 1979. Today, the US government borrows far more than in the past, and raising interest rates does little to curb spending—it only adds to the debt.
The financial system is now in deep trouble, and the average person will bear the consequences. Europe is headed for a depression, and the US is facing a severe recession. Unemployment will rise, wages will shrink, and basic goods will become more expensive. The gap between the rich and poor will widen, and financial instability will increase. A sovereign debt default in Europe by 2025 is likely to trigger a broader collapse, with massive financial instability by 2026-2027. Many banks and pension funds are heavily invested in government debt, and a default could lead to the disintegration of European financial systems. Insiders are very much aware of the crisis and fear that public panic could worsen the situation, potentially triggering bank runs. While not all banks are equally at risk, poor management and political interference in banking have worsened the problem. The Federal Reserve, designed to act as a backstop for failing banks, may be overwhelmed by the scale of the crisis.
I strongly recommend preparing for this crisis by having physical cash and at least two years' worth of food stored. The collapse of the financial system will lead to widespread losses in banks and pension funds, and the government and central banks will be unable to protect everyone. Those who are unprepared will suffer the most.
As the debt crisis worsens, geopolitical instability will exacerbate inflation and push capital into the US as a safe haven. The dollar will strengthen, and sectors like gold, food, and bonds will see increased investment. However, emerging markets with high foreign-denominated debt, such as Brazil, will be particularly vulnerable to financial crises.
I also caution against the growing threat of Central Bank Digital Currencies (CBDCs), which would grant governments unprecedented control over personal finances. The rise of gold as a long-term safe haven, coupled with rising long-term interest rates, will create significant risks for those holding variable-rate debt. People should prepare by securing tangible assets like cash, food, and gold, and locking in fixed-rate debt where possible. The coming crisis is inevitable, and those who prepare will have the best chance of weathering the storm.
Martin Armstrong (December 21, 2024) - Depression, Debt, Default & Destruction in 2025. (video)
The Panama Canal, Greenland, and Trump 2.0 | Andrew Korybko
As regards the Panama Canal, Trump's immediate imperative appears to be rolling back Chinese influence over this crucial waterway, which he seemingly fears could be leveraged by the People's Republic to cut the US off from transoceanic shipment in the event of a crisis over Taiwan. He might also want to coerce Panama into shutting down illegal migrant routes to the US via the Darien Gap. Both are sensible from the perspective of his MAGA worldview that aims to restore the US' unipolar hegemony.
Trump's threat to the Panama Canal and his claim to Greenland are also likely meant to appeal to his supporters' expectations that he'll "Make America Great Again" in a visible geopolitical way. Even if he doesn't impose formal US control over them, expelling Chinese influence from both and replacing it with US economic influence could be enough to satiate them. This could also solidify his legacy and lay the basis for his successor, who'd probably be JD Vance, to establish formal control sometime later.
Both are Trump's for the taking if he really wants them since neither could meaningfully oppose the US military if he authorizes an invasion. They'd be low-cost operations with high economic and political returns even though they'd occur at the expense of the US' international reputation. The global community would predictably decry them as imperialist invasions, but nobody would stand in the US' way nor sanction it afterwards. The most that might follow is harsh rhetoric, nothing more substantive.
Possible 2025-1981 Analogue for the S&P | Tom McClellan & Branimir Vojcic
Lower chart: S&P 500 vs daily spectrum cycle analysis composite.
The difficulties of a transformative presidency are evident, as Reagan faced challenges in implementing his policies. Similar obstacles may arise for Trump, and even if his efforts succeed, there is a risk that investors could be overestimating their potential impact—much like the overoptimism seen in 1980.







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