This link makes some interesting reading
such things almost always end badly, but for the 18 year thing to peak
we have to see the speculation and chasing of the utmost return go right
over the top
Reserve Bank has a new vacancy I hear. Always interesting to see a board
member test the idea that tax is your number one expense right to the
limit. I point out to you again, people in these positions are often
there because of their patronage to a political party, not because of
their knowledge of the economy. (And it helps too to have a friend on
the board to ensure govt policy gets a hearing.) As you can see, this
guy spent his time working at ways to avoid tax, not understand what to
do to run an economy. It's a farce really, but keep that in mind in the
next downturn. Interesting timing as well. Gerard's settlement with the
ATO came after the dispute went into its 15th year. Gerard's last flirt
with publicity was in 1995 (10 years back) when it emerged he had
financed the state liberals illegally. But his company was bailed out by
the South Australian Labor party after near bankruptcy in 1990. 180 is
always a key time frame.
Groucho Marx had it about right when he observed:
The secret of success is honesty and fair dealing. If you can fake those
you've got it made
Speaking of dates, an SBS programme about Katrina gave the following
storm dates prior to Katrina, also creating massive damage, as follows:
(these were the only dates given for big storm surges on the coast there)
- hurricane Carla, Sept 11, 1961, 44 year prior (40 years to 9/11
though), very close to 45
- hurricane Betsy, 1965, half of New Orleans flooded
- hurricane Camille, 1969, 36 years ago
Again, the disaster response dept. FEMA supposed to oversee and prepare
for such events had been fully stocked by president Bush with political
appointees (mates) with no experience in such a business.
A reminder of important things for traders.
- In early January of this year, the worlds richest man declared that
the greenback was ripe for shorting: "The ol' dollar is going down. It
is a bit scary. We are in unchartered territory when the world's reserve
currency has so much outstanding debt." Buffet took his advice and
shorted as well. See the daily US dollar chart attached. Both lost what
might be a small fortune to we commoners. They might be right, but not
yet. 2007 will be a year to watch for something further emotionally. See
the monthly chart.
A lesson there, when a clear winner in one field, but who knows
absolutely nothing about trading, professes an opinion like that,
usually it shows some sort of important gann timing. Nerves of steel -
or a lot of money - is required to trade against a weekly futures chart
trend. So if these two can't force a market to go their way, we have got
no hope. Remember, futures markets are bigger than all individual players.
- The Balibo five:
Remember those journalists ? Only a chart will ever reveal the truth of
any given situation. Note again the thirty year thing, very common to
see the truth come out at that time frame. How is it ? We pay our taxes
only to have bald face lies given back to us, practically continuous.
In view of the above, and all the obl stuff and new rules we are getting
in Australia, the world will have to be careful. Here is what James
Madison, one of the fathers of the US constitution had to say on the
20th April 1795 about what war does to society:
Of all the enemies to public liberty war is, perhaps, the most to be
dreaded, because it comprises and develops the germ of every other. War
is the parent of armies; from these proceed debts and taxes; and armies
and debts and taxes are the known instruments for bringing the many
under the domination of the few. In war, too, the discretionary power of
the Executive is extended; its influence in dealing out offices,
honours, and emoluments is multiplied; and all the means of seducing the
minds, are added to those of subduing the force, of the people … [There
is also an] inequality of fortunes, and the opportunities of fraud,
growing out of a state of war, and . . . degeneracy of manners and of
morals . . . No nation could preserve its freedom in the midst of
Understood very well by George Orwell.
Stick to what I have taught you about how the economy truly works, it
will stand you in good stead. There will be a complete confusion in the
next two years as all the other economists struggle to work out what is
happening. The 18 year thing has a good pedigree.
finally, if confirmed, note the date of the visit and add thirty years.
be assured it will be important to both players. It is believable
because the timing fits almost precisely.
US $ Daily Chart
US $ Monthly Chart