Monday, March 7, 2016

FATCA punishes any foreign entity that does not report what an American is doing overseas

Total U.S. Fees to Resign Citizenship Exceed $12 million


Posted Mar 8, 2016 by Martin Armstrong
US Passport
Under FATCA, it has become impossible for small business to expand internationally. FATCA punishes any foreign entity that does not report what an American is doing overseas. This single law is causing an implosion in the world economy and politicians are too stupid to figure out that they have really harmed the global economy.
The net consequence has been a massive swarm of Americans resigning their citizenship because they cannot live, or even conduct business, overseas without U.S. taxes. U.S. citizens and long-term residents now have to pay $2,350 as a fee to give up their passports or green cards. This was just $450 previously. The fees alone have now reached $12.6 million according to the latest statistics. Americans are taxed on WORLDWIDE income even if they never use any service whatsoever. So while they claim the “rich” do not pay their “fair share,” the question becomes what is a “fair share” if you are not even here? It appears the definition is government’s perspective of a “fair share” or what everyone earns irrespective of using anything.

Freedom of Religion & Several Alexander (222-235 AD)



Posted Mar 6, 2016 by Martin Armstrong


Elagabalus Stone of Emesa

Mixing Religion and politics has been a major problem throughout history. It has never worked when one religion attempts to force upon others their particular belief. The Freedom of Religion, a cornerstone of the American Constitution, was the product of reason and understanding history. Religion has been responsible for more bloodshed throughout history than anything else just as we see ISIS today or the English Civil War, Protestant Reformation, and the takeover of Rome by Christianity. Examples of such chaos when one religion attempts to force itself upon the majority extends back into Roman times. According to the Historia Augusta (Heliogab. 1.6), when the Emperor Elagabalus (218-222AD) came to power, he had been the high priest in the city of Emesa which is Homs today in Syria. He then imposed his religion upon Rome and the Senate.
The Emesa region is historic for its worship of a black meteorite for which Elagabalus was high priest, that was known as the Stone of Emesa. This was supposed to be the Stone from the Sun God, which actually played a central role in the region for nearly 2000 years of various religious beliefs. The exact origin of the black stone of Emesa remains rather obscure, and it most likely fell to the Earth at least during the 2nd Century AD and possibly before since there was evidence of a priesthood that extended well before the 3rd Century.
Sept-AU-FamilyThe destiny of this particular meteorite was closely intertwined with that of a dynasty of king-priests who had been nomads, Bedouins of the desert, before settling down in Emesa. It is possible that the stone fell somewhere else in the Middle East and was carried by the tribe before they settled in Emesa. However, the Roman Emperor Septimus Severus (193-211AD) married Julia Domna from Emesa. Severus was determined to create a dynasty and he depicted his family on his coinage regularly.This would eventually give rise to a hereditary claim to the throne of the Roman Empire by her side of the family centered in Emesa.
Over time, this religious cult worshiping this Black Stone of Emesa became extremely famous and popular throughout the region. By the early 3rd century, the high priest known as Elagabalus from the family of Julia Domna became a Roman Emperor and the Stone of Emesa ended up being the chief deity of the Roman Empire by sheer force. This Black Stone was known under the title “deus invictus Sol Elagabalus,” the undefeatable sun which rises every day.
Stone of Emesa Denarius
The Black Stone of Emesa was depicted on the coinage of Elagabulus (218 – 222AD) and upon his rise to the throne as an heir of Julia Domna, Elagabalus’ religious beliefs began to surface as a problem to say the least. The contemporary historian Cassius Dio suggests he murdered his adviser because he was forcing him to live “temperately and prudently” (Cassius Dio, Roman History LXXX.6) in order to try to get the Romans adjusted to the idea of having an oriental priest as emperor. His mother, Julia Maesa, according to Herodian, Roman History, went as far as to send a painting of Elagabalus in priestly robes to Rome and hung over a statue of the goddess Victoria in the Senate House. He was forcing his religion upon Rome, which did not sit very well to say the least. His homosexual behavior was also creating a scandal, which was much more acceptable in the East compared to Roman culture. The army did not take kindly to these homosexual tendencies. Revolts were breaking out even before he reached Rome.
Elagabalium renamed Temple of Jupiter 224AD

Elagabulus brought the Stone of Emesa to Rome and built a temple there by the Palatine Hill he called the Elagabalium which was founded on the site of an earlier shrine to Orcus, a native Italic god of the underworld and a punisher of broken oaths. A portion of a capital from the Elagabalium was found in the Forum Romanum within the vicinity of the Palatine (R. Turcan, The Cults of the Roman Empire, 10th ed. [2008], p. 181, pl. 21). This capital confirms the appearance of the cult image and includes images of Minerva and Juno, providing important clues to the claims of Herodian (5.6) and Dio (80.12) that the emperor transported the Palladium to the Palatine in order to wed her to El-Gabal and later included a second spouse by bringing the cult statue of Juno Caelestis, the Punic Tanit, from Carthage. By doing so, Elagabalus was recreating at Rome the Emesene triad consisting of El-Gabal, Atargatis (Minerva), and Astarte (Juno Caelestis), thereby superseding the traditional Capitoline triad of Jupiter, Juno, and Minerva, the goddess of wisdom and the daughter of Jupter.
The legends of gods with always full of imagination. It was claimed that Jupiter impregnated the titaness Metis, but then recalled a prophecy that his own child would overthrow him. Fearing that their child would grow stronger and displace him to rule the Heavens, Jupiter swallowed Metis whole. The titaness forged weapons and armor for her child while within the Jupiter. Constant pounding and ringing by Minerva inside his head gave him a headache. To relieve the pain, Vulcan used a hammer to split Jupiter’s head and from the cleft emerged Minerva emerged fully grown and bearing her mother’s weapons and armor; quite a birth one would say. So Elagabalus was displacing this Triad of Jupter, Juno, and Minerva with his eastern El-gabal (replacing Jupiter), Caelestis (replacing Juno), and Atargatis (replacing Minerva). Clearly, Elagabalus sought to  subordinate Jupiter to El-Gabal, and to promote the latter god’s rites, he then demanded the Senate to honor El-Gabal before all other gods when performing their traditional sacrifices. The Elagabalium was to be the new center of this worship in Rome. His reign was notorious for religious fanaticism, for cruelty, bloodshed and excesses of every description, and there was general satisfaction when, on March 6th, 222AD, Elagabalus and his mother Julia Soaemias were murdered in the praetorian camp. Their bodies were dragged through the streets of Rome and thrown into the Tiber. He was one of the most hated emperors because he tried to impose his religion upon all of Rome by force.
Uranius_Antoninus Stone of Emesa
The Stone of Emesa was respected and sent back to Emesa. It appears in history once again on the coinage of another high priest who attempts the same path to the throne. When the Christians came to power, they destroy many objects. The Stone of Emesa was smashed. Smaller fragments survived in the region and were still worshiped.
Severus Alexander AE Sesterius Temple of Jupiter - R
Elagabalus was succeeded by his cousin Severus Alexander (222-235AD). He wasted no time undoing the religious machinations of Elagabalus. To advertise that religion was restored, he issued coins depicting the dedication of Elagabalus to Jupiter. He issued coins depicting the restoration of the Temple of Jupiter in silver denarii and the bronze sesterius pictured above as well as medallions. Severus Alexander was so open-minded, he wanted to allow the Christians to establish their temple in Rome as well. He was persuaded against that by the majority who did not accept the idea of just one God. They had gone through hell with Elagabalus and were not about to tolerate another Eastern cult.
Colosseum Severus Alexander
Severus Alexander Gold Aureus ColosseumSeverus Alexander (222-235AD) also issued coins announcing the restoration of the Colosseum was complete. On the day of the Vulcanalia, August 2nd, 217AD, a fire devastated most of the Colosseum and of the surrounding area. The Colosseum burned for several days and there was nothing left but its skeleton structure. The repairs began under Emperor Macrinus (217-218AD) and took about 30 years to complete since it was virtually reconstructed. When Several Alexander came to power in 222AD, the Colosseum was again inaugurated and dedicated to the gods. Coins were issued in gold, silver and bronze to announce the dedication.
Severus Alexander NYMPHAEUM - R2
Trophies of MariusThe third major structure announced on the coinage of Severaus Alexander was the Nymphaeum located in Piazza Vittorio Emanuele at a fork between the Via Tiburtina and the Via Labicana in Rome. Because the Romans invented concrete, a substantial portion of this monument remains. The construction in 226AD was brick-faced concrete. The fountain is reconstructed as a two-storied façade with a wide central niche and arched openings on each side. The overall appearance remains one of a triumphal arch. Statues indeed occupied the niches. Two such sculptures known as the “Trophies of Marius” which was removed by Pope Sixtus V in 1590 and still survives atop the staircase leading up to the Piazza Campidoglio. They were recycled from an earlier triumphal monument built by Domitian. The Nymphaeum was connected to the end of the aqueduct into Rome which was built inside an imperial villa at the time of Emperor Alexander Severus (222 – 235 AD).
Nymphaeum

Saturday, March 5, 2016

California earthquake due



Posted Mar 5, 2016 by Martin Armstrong

Earthquakes

We are entering a period of an increased risk in earthquakes appearing in California. This begins here in March 2016.

Friday, March 4, 2016

China will need new technology to grow food as we pointed out.

Posted Mar 5, 2016 by Martin Armstrong

beijing-2
According to statistics released by the State Forestry Administration, China has 2.6 million square km of desert that accounts for 27 percent of the country’s total land area. The desert areas are scattered among 12 provincial-level regions in north China. There is a serious problem on the horizon for China. Following the creation of the People’s Republic of China (PRC) in 1949, the Communist State attempted to alter nature. China’s forests were cut down and used for fuel, lumber, and paper production for the billions of little red books that became rather notorious. This process increased during the 1960s and had the tendency to eliminate both forests and grasslands. This led to a sharp rise in the rate of desertification.
Realizing its mistake, the government saw the desert areas expanding and embarked on an effort to reverse the damage by trying to the create a reforestation effort in 1978. They actually planted 66 billion trees. This became known as the “Green Wall of China,” which was to be completed by 2050.
However, while the intentions were good, the bottom-line result has been devastating. The government introduced fast-growing pine and poplar trees that were not native to the region. These trees needed more water and sucked the region dry. The water table in the soil dropped nearly 10 fold and most of the trees died. Only about 15% of the trees planted since 1949 have survived. Their attempt to reverse the trend had the exact opposite impact. Instead of creating a forest, it expanded the desert. China now has the second largest desert in the world – the Taklimakan desert.
This presents a political risk for the future as China is squeezed by the expanding desert. They will need new technology to grow food as we pointed out.

Thursday, March 3, 2016

Is There a Percentage Rally that Confirms a Change in Trend?

Posted Mar 4, 2016 by Martin Armstrong

Gold 1982-83 Rally 74%
QUESTION: Hello Martin,
Can you verify the following statement:
“No bear has ever resumed following a 20% rally.”
As today marks a 21% move of the lows your expertise would be appreciated.
Thanks!
BGG
ANSWER: No. Sorry. Total nonsense. The rally from 1982 into 1983 moved from $297 to $520, and guess what. New lows unfolded. We look at this from the Reversal perspective. We elected 3 monthly bullish on that rally and stopped with the fourth. I really do not understand why these people just bullshit everyone. They clearly have no regard for those they tell this garbage.
Silver 1997-98 Rally 77%
Here we have the silver manipulation of 1997-1998. Here too we have a 77% rally. Whoever is claiming a bear market rally exceeds 20% confirms a change in trend is either trying to sell something, or is so biased, they cannot possibly be any analyst. If you want to be an analyst, you have to remain dispassionate. Simple as that. No conflict of interest and no predetermined expectation.
Nikkei 2003 - 2007 140%
Here is the Japanese Nikkei. Between 2003 and 2007 the rally was 140% yet still new lows were made. There we elected again only 3 of the 4 Monthly Bullish Reversals.
So sorry. There is no hard and fast rule that states if a market rallies x% then the trend has reversed. That is a very primitive way of trying to look at markets. You cannot even assign a specific stop loss based upon a percentage. This is what the Reversals are for and this is the Risk Model analysis provided in the reports identifies. The risk in both directions.

Wednesday, March 2, 2016

Gold- we still have only a typical 3 month reaction

gold-prospector
The Commodity industry is bracing for a high year of bankruptcy and default filings impacting mining & metals along with oil & gas. Moody’s has also warned of global speculative-grade corporate defaults will increase by more than 30% in 2016 reaching the highest level since 2009. Those interested in mining shares should pay close attention to what you are buying. Until gold crosses that key resistance, we still have only a typical 3 month reaction. A rally must extend beyond March to  be impressive.

Without electing some Monthly Bullish Reversals, it will be hard to see a justified and sustainable rally


Posted Mar 1, 2016 by Martin Armstrong

DJIND-M 3-1-2016
We did not elect any bullish reversals. March remains our Directional Change target and the Dow could not close above 16934 for February. Looking ahead, we see the weeks of 03/14 and 03/23 (array posted on the private blog for the Investor level). We have also not elected any Weekly Bullish Reversals. The 17,000 level remains as resistance. There is still no indication that the market is yet out of the risk of new lows under that of 2015.
When we look at the S&P 500, here we see that a February low was on target. This implies the next key turning point should be May. Looking at the weekly level, we see 03/14 and 03/18 as key target weeks with a Directional Change the first week of April.
We have a divergence between the Dow and the S&P 500. This may be resolved with new lows if we do not begin to elect bullish reversals above. The overall shift appears to be unfolding in June. This does line up with BREXIT referendum. If the vote is rigged and Britain remains in the EU, we could see a last rally for the euro before this currency breaks hard to the downside.
There is no breakout to the upside at this time. Such a pattern appears to be set more for 2017 moving into 2020. Without electing some Monthly Bullish Reversals, it will be hard to see a justified and sustainable rally.