Is There Really More Oil in The Golan Heights than in Saudi Arabia? Who’s Genie Energy?

Posted May 3, 2017 by Martin Armstrong

QUESTION: Mr. Armstrong I live in Israel and today I listened to your podcast with Macrovoices. At some point you mentioned that there is more oil in Golan heights than in Saudi Arabia -and this oil belongs to genie energy. Is it true? How can it be that nobody knew nothing about this in Israel? Are you sure 100 % about this information? I will be happy to know more about this.

best regards

EP

ANSWER: Yes. This is one of the best kept secrets. You can imagine that if this went into production, then the disputed Syrian land issue occupied by Israel would come to the forefront. This is why it gets no play but this is one reason Obama was working to overthrow the Syrian government. They would not have political people on the Strategic Advisory Board if they did not need political strings pulled.

Politically, you have the Pipe Line from Qatar being one major issue that was to compete with Russia in selling gas to Europe, which is why Putin is involved. He is not involved in Egypt, Israel, or even Afghanistan. This is the reason why Putin has an interest in Syria and the mainstream media of course championed Obama claiming he was defending children. Then we have Genie Oil and strategic oil reserves within occupied Syria. Just look at the people who are are heavy hitters on the Strategic Advisory Board of Genie Oil!  Not bad for a company nobody has heard of and the glaring issue is why do you need heavy hitters like this just to pump oil? Location! Location! Location! The mainstream media is not going to report on this issue. They even have Rupert Murdoch on their Strategic Advisory Board. This is hush hush in the mainstream media.

Strategic Advisory Board

The Strategic Advisory Board of Genie Oil and Gas advises management on strategic, financial, operational and public policy matters.

---

Michael Steinhardt (SAB Chairman)
Noted Wall Street investor and Principal Manager, Steinhardt Management LLC. Founder Steinhardt, Fine, Berkowitz & Co., and noted philanthropist.

---

Richard (Dick) Cheney
46th Vice President of the United States. Vice President Cheney also served as President and CEO of Halliburton Company and U.S. Secretary of Defense from 1989 to 1993.

---

Marry Landrieu
United States Senator from Louisiana from 1996 to 2014. Senator Landrieu served as chair of theSenate Committee on Energy and Natural Resources. In her capacity as chair, she sponsored and passed the U.S.-Israel Energy Cooperation Bill. The bill fosters partnerships focused on developing resources such as natural gas and alternative fuels, on the academic, business and governmental levels.

---

Rupert Murdoch
Founder and Executive Chairman of News Corporation, one of the world’s largest diversified media companies. News Corporation’s holdings include Fox Entertainment, Dow Jones and Company, the New York Post, HarperCollins and significant media assets on six continents.

---

Bill Richardson
Governor of New Mexico from 2003 to 2011. Mr. Richardson has served asU.S. Ambassador to the United Nations (1997-1998), Energy Secretary in the Clinton administration (1998-2001), Chairman of the 2004 Democratic National Convention, and as Chairman of the Democratic Governors Association.

---

Jacob Rothschild, OM, GBE
Chairman of the J. Rothschild group of companies and of RIT Capital Partners plc. Chairman of Five Arrows Limited. Lord Rothschild is a noted philanthropist and Chairman of the Rothschild Foundation.

---

Dr. Lawrence Summers
Charles W. Eliot University Professor and President Emeritus at Harvard University. Dr. Summers served as the 71st Secretary of the Treasury under President Clinton and as Director of the National Economic Council for President Obama.

---

R. James Woolsey
Director of Central Intelligence from 1993 to 1995 and as Under Secretary of the Navy from 1977 to 1979. Mr. Woolsey is co-founder of the United States Energy Security Council and is Chairman of the Foundation for Defense of Democracies

Soros At it Again – Trying to Overthrow Polish Government?

Posted May 2, 2017 by Martin Armstrong

Tokyo March 1999 Institutional Seminar

QUESTION: Mr. Armstrong, I attended your March 1999 conference in Tokyo when I worked for ______ bank. I remember you called out Soros and crew and said they were trying to manipulate the yen for fiscal year end. You warned the Japanese how to defeat the Club. If I remember, he and his crew lost $1 billion when everyone in Tokyo followed your advice. Many assumed what they did to you 6 months later was retribution. Now he is at it in Poland funneling money he made from such trading in through Norway to create political unrest. What is it with this guy? Why does he play God?

KE

ANSWER: Oh yes. I remember that event very clearly. That why they started calling me Mr. Yen because it was me and our clients against the Club and the Club lost. They were trying to to push the yen down for the fiscal year-end roll of March 31st and then run it up into April 1st. They had our clients lock it in and that forced the manipulators out. That was a wild day. 3 big figures in a single day in an outside-reversal was a big move back then.

I know the rumor was that Soros was in on that and the Club lost $1 billion. Not sure how much they lost on that one. It was the good-old fun days of confrontations.

The Polish government wants to stop the distribution of Norwegian money flowing into Poland coming from Soros’ funded Batory Foundation, which manages over 800 million euros with a target of overthrowing the Polish government by 2020. Since 2014, the Batory Foundation has distributed some 130 million zlotys (around 31.7 million euros) to various associations and organizations within Poland to change the government. According to Bloomberg, this includes organizations for the promotion of “parliamentary democracy”,  but only if it agrees with Soros’ agenda. Effectively, Soros is trying to defeat Catholic values ​​in Poland which are supported by the population and government.

Norway is refusing to stop Soros’ agenda being implemented against Poland from inside Norway. Meanwhile, Poland and the head of the EU have been is a battle rejecting the EU policies on refugees and Brussel’s totalitarian position where he has even told Poland to accept the refugees or get out of the EU. The main concern is that the Polish government wants to determine its own future and security. The situation escalated as the EU reelected Poland’s Donald Tusk against Poland’s.

Poland should exit the EU and strike its own trade deal with the USA. Many US companies have established back-office operations there in Krakow including New York Banks. It is a very beautiful city on its own besides being a quiet place for back-office operations. Poland has well educated students, fluent in English, and they are free from the Euro. If Poland were to adopt the Euro, there are numerous companies that have expressed they would have to leave Poland or cease any further expansion under such conditions.

Soros has publicly stated he does not believe in God. Many who worked for him said they think he believes he is a god with the right to reshape the world in his image. So have many throughout history and they are responsible for the murder of countless millions. Money does not give you the right to fund revolutions to recast the world in your image.

New European Monetary Fund to replace the IMF

Does Schäuble want Draghi to Exit the Stage Once & For All?

Posted Apr 26, 2017 by Martin Armstrong

has expressed

Federal Minister of Finance Wolfgang Schäuble of Germany is starting to show signs of rebellion against the elite in Brussels. With the event of BREXIT, the EU is more concerned about trying to punish Britain than they are is reflecting upon what is going so terribly wrong. They will throw their support behind Macron in France fearing that a Le Pen win may be the end of Brussels. Consequently, the EU Commission is trying to punish Britain, is actually dividing Europe once again. There will be the EU membership, and then there will be the Eurozone within limited to those countries who surrender their sovereignty to Brussels relinquishing their currency, but not their debt.

Schäuble is clearly attempting to save the Eurozone and make it operational at the same time to protect German exports within Europe. The driving force behin the Euro was to eliminate foreign exchange risk so German manufacturers could sell to all of Europe on a regular basis without currency fluctuation disturbing their sales.

Yet Schäuble is actually looking at reducing the power of the EU for reading between the lines, he has no confidence in the abilities of the EU Commission to manage Europe. Obviously, BREXIT is restructuring the EU only insofar as they seek to punish Britain rather than reform the problems that caused it. That means the Euro zone will be restructured as a block within the EU leaving the institutions, such as the ECB, applicable to the EU. The rules within the Eurozone are by no means clearly defined. This is how Markel opened the gates to refugees without ever going to a vote first in the EU. Thus, the unilateral decisions of Germany have then been applied to all of Europe without any democratic process whatsoever.

Schäuble is look at the distinction between the EU and the Eurozone and thus reducing the power of the EU Commission to save the Eurozone – the second Europe within Europe, of which Britain was never a member. Schäuble attacked the ECB and Mario Draghi saying: “The ultralock money policy that exists in many regions is not helpful.”  Schäuble said this opening on his trip to Washington. The ECB, Schäuble argues, is creating risks such as asset price bubbles with its negative interest rate policy. This is the clash of philosophies with Schäuble’s view on AUSTERITY.

Schäuble demanded a change of direction from Mario Draghi. He warned that Draghi was increasing the risk of creating a whole new crisis rather than lessen it. The Federal Reserve reverse course right after 2015.75 on the ECM that targeted October 1st, 2015 with the first rate hike in December 2015. Schäuble remarked that it “would not be a bad idea if the European Central Bank and other central banks followed” the course of the Fed. Schäuble has clashed with Draghi who still considers his stimulus quantitative easing policy of the ECB still necessary. Draghi said on this trip to Washington that a “very significant amount of monetary easing is still needed.”

Schäuble also has proposed that the basic structure of the Eurozone in the form of budgetary policy must be change. Schäuble remains rightly concerned what happens when Draghi changes course and raises rates. Schäuble is deeply concerned that national debts will then explode with higher interest rates. For this reason, Schäuble wants the euro rescue umbrella ESM in the near future converted to a European Monetary Fund. Schäuble sees this as a European version of the International Monetary Fund (IMF). If a new aid program for a crisis country were to run without the IMF because the IMF has disagreed with the draconian measures imposed upon Greece. Schäuble wants to replace the to impose austerity. Apparently, Schäuble has also convinced Chancellor Angela Merkel of this proposal since the IMF disagrees with the austerity ideas of Schäuble.

This new European Monetary Fund to replace the IMF, which is a member of the Troika, will then be given the task of budgetary monitoring of Eurozeone countries. Therefore, we will have the EU, but a separate system within the EU for the Eurozone all based upon extending austerity. This is obviously a disempowerment of the EU Commission.

Greece is still an unsolved problem – and Schäuble also sees this. Greece, Schäuble said, should exit the Eurozone. Schäuble also sees a batter partnership with Russia and an emancipation from the USA. This was really based upon German manufacture having a new market to sell into given the rise of Donald Trump. Then Schäuble wanted a nuclear Europe to stand against America and Russia. Schäuble’s view is that the core of Europe is Germany, France, Belgium, Luxembourg and the Netherlands. It never included Britain. The Franco-German axis was to become the economic engine of the future. To Schäuble, the core is simply the Euro for that evens the playing field for Germany to sell products into Europe. He has embraced the Euro, but never accepting a federal debt for Europe. This is why he has never seen Italy, Spain or Greece as the core of the EU – just vassal states to sell products to.

Collapse in confidence in government - Cycle should intensify starting in 2018 running head long into 2020

If US Election Were Held today – Trump Would Get More Votes Polls Show

Posted Apr 25, 2017 by Martin Armstrong

The latest polls show that most people who voted for Trump are satisfied. When the same questions have been asking about Hillary, the opposite response appears. The polls are actually showing that Trump would win a greater margin today than last year. This is interesting for it is confirming the collapse in government with Big Bang that began on October 1st, 2015.

Big Bang was the start of the collapse in confidence in government. This cycle should intensify starting in 2018 running head long into 2020. This is all good for the volatility in markets we see ahead. This is the same trend that produced BREXIT and just wiped out all mainstream parties in France

The government will be competing for cash in an ever growing tighter economy.

The End of Quantitative Easing – Perhaps Now It Will Be Inflationary?

Posted Apr 20, 2017 by Martin Armstrong

One of the greatest monetary experiment in financial history has been the global central bank buying of government debt. This has been touted as a form of “money printing” that was supposed to produce hyperinflation. That never materialized as predicted by the perpetual pessimists. Nevertheless, the total amount of Quantitative Easing (QE) adding up the balance sheets of the Fed, the ECB and BOJ is now around $13.5 trillion dollars, which by itself is a sum greater than that of China’s economy or the entire Eurozone.

If QE failed to produce inflation, then ending QE may actually produce the inflation people previously expected. Where’s the strange logic in that one? Well you see, it really does not matter how much money you print, if it never makes it into the economy, it will not be inflationary.

The craziest think the Fed did was create excess reserves. The bankers complained that the Fed was buying the government debt so they would have no place to park their money. The Fed then accommodated them creating the excess reserves and paid them interest for absolutely no reason whatsoever.  Almost $3 trill was parked at the Fed collecting interest so that $4.5 trillion of “printing” money never made it out the door. Hence, there was no inflation to speak of (outside of healthcare which always rises no matter what).

So how does stopping QE actually create inflation? The withdrawal of the Federal Reserve (Fed), the European Central Bank (ECB) and the Japanese central bank from the QE programs will lead to an increase in yields on the bond markets sending the financing costs for the states higher. This is predicated upon the notion that people will continue to buy government debt. Governments have increased their spending sharply because interest rates were effectively zero and the central banks were buyers. Now comes the moment of truth. Has QE undermined the bond market to such an extent that only a blind fool will buy government debt in an atmosphere of rising rates?

Moreover, other sectors of the global financial system have been seriously disrupted. For one, European banks were shipping cash to their US branches and also parking it at the Fed whereas the ECB was charging negative rates. Furthermore, of the $13.5 trillion on the balance sheets in central banks, they are now trapped and cannot sell that debt. This means they are themselves screwed and they have to wait for that debt to mature in order to reduce their balance sheets. They have no way out.

The Fed had a balance sheet of about $900 billion in 2008, whereas it currently stands at about $ 4.5 trillion. The Bank of Japan recorded an increase of 107 trillion yen in the same period of time to about 490 trillion yen or also about $4.5 trillion. Then we have the ECB which has more than doubled its balance sheet from EUR 2 trillion to EUR 4.1 trillion or also about $4.5 trillion.

The central banks bought the government bonds from the commercial banks and paid them money created out of nothing which is how the pessimist put it. In theory, that is elastic and if the government debt matures, it then evaporates from the balance sheet. Here comes the problem. The governments continue to borrow. With the central banks no longer buyers, then interest rates can rise faster than anyone expects because they will have to entice fresh buyers. If that fails to materialize, then we come to the Sovereign Debt Default crisis.

The Federal Reserve had recently announced that it would no longer reinvest its gains on government bonds that had matured into new US securities, resulting in a shortening of the balance sheet. Bills of $426 billion will be due at the Fed in 2018, and again about $357 billion a year later. So if the Fed will not repurchase that debt, then the amount of new debt coming to the market will DOUBLE.

The Treasury will be forced to find ways to absorb the additional supply if the Fed wants it’s cash back so the Treasury must find a lot more private buyers. The shrinking of the balance sheets represents the continued deflationary trend from a real economic expansion trend. The government will be competing for cash in an ever growing tighter economy.

The balance sheet of the Japanese central bank is likely to be expanded for a while as long as the targeted inflation target of 2 percent is not reached. The ECB’s balance sheet will continue to grow at least until the end of the year, as the borrowing program has been running until then. However, the negative effects of the balance sheet shortening of several central banks will mutually reinforce each other in 2018 and help to bring the financial crisis to a head for 2018-2020.

The withdrawal of the ECB’s purchases of securities that also included European corporate paper will lead to secondary effects even outside Europe and help to further maintain the deflationary aspects with respect to economic growth. This will serve to demonstrate the unintentional impact of this entire unorthodox monetary policy experiment.

Therefore, at this year’s WEC, we will be looking at this complex crisis. The inflation will be asset inflation – not demand inflation. So hold on – this is going to be the craziest ride in monetary history of human kind.

Turkey - war cycle seems to be working on time as this is lining up with that model pinpointing 2020

Erdogan Seizes Total Control of Turkey

Posted Apr 19, 2017 by Martin Armstrong

Turkish President Recep Tayyip Erdogan has achieved his dictator status which was his long-held ambition to expand his powers after the referendum handed him the reins of supreme power. However, the integrity of the vote is seriously questioned and the slim victory of just 51.4% approving a series of constitutional changes converting Turkey’s political system from a parliamentary to a presidential one, means there is going to be tension in Turkey looking forward. There will be no real checks and balances in place.

The opposition parties naturally called for the vote to be annulled because of a series of irregularities, The electoral board decision to accept ballots that did not bear official stamps has really called into question did the people really vote for this dramatic change.

The press in Turkey, like in Europe and America, seems to be just political propaganda always supporting whatever the government wants. Erdogan used his full powers of the state and government to dominate the airwaves and billboards while the opponents complained of intimidation, detentions and beatings. His response to the critics tyook the position that Turkey’s referendum was “the most democratic election … ever seen in any Western country.”

In Istanbul, there were protests chanting “thief, murderer, Erdogan” while banging pots and pans. The opposition, which is nearly 50% of the country, do not believe the votes were even real. Of course, Erdogan rejected all criticism as he spoke to flag-waving supporters in the Turkish capital, Ankara that were arranged and staged giving the airs of North Korea.

You can see Erdogan ‘s vision of resurrecting the Ottoman Empire hidden in his words. “The crusader mentality attacked us abroad. … We did not succumb. As a nation, we stood strong.”

The  Ottoman Empire lasted for two cycle intervals of 309.6 years beginning about 1302 and its fall was 1922/1923. This attempt to resurrect it has come right on target – two intervals of Pi 31.4 years or 2016/2017. The next target is 2018/2019, which will be 18 intervals of Pi from the fall of Constantinople in 1453 with the last Emperor – Constantine XI (1448-1453). The war cycle seems to be working on time as this is lining up with that model pinpointing 2020.

The problem with Erdogan is he still lives in the past and believes in the battle of Conquest for power to him is defined by territory possessed. This was his objective to removing Parliament and seeking full dictatorial power

The Cycle of Music

Posted Apr 18, 2017 by Martin Armstrong

QUESTION: Mr. Armstrong, isn’t music also cycles with the same structure that repeats?

ANSWER: Absolutely. Cycle has specific meanings in the field of music. Of course, acoustically, it refers to one complete vibration, the base unit of Hertz being one cycle per second. Then you have a cycle interval cycle which is a collection of pitch classes that are created by a producing a sequence of identical intervals. Harmonic cycles, which are repeated sequences of a harmonic progression, are at the root of many musical genres as in the video. The chord progression may be repeated indefinitely, with melodic and lyrical variation forming the musical interest. So yes, this can be reduced to a cycle of cords.