Financial & Economic Updates

Financial, Economic and Social Mood Update (December 1, 2017)

Financial, Economic and Social Mood Update (December 1, 2017) The US stock market continues to be very robust – the Dow Jones 30 Industrials Index reached a new record nominal high of 24,328 on November 30, 2017. The NASDAQ Composite Index hit a new record nominal high of 6914 (on November 28), as did the S&P 500 Index at a level of 2,658 (on November 30) and the Wilshire 5000 “Total Market Index” at the level of 27,508 (on November 30). A friend on Facebook suggested that I take a slightly different approach with the monthly financial update. He suggested that I concentrate on one main issue in each blog, so that important concepts will become clearer to many more readers. I agree that this is an excellent suggestion, and we will therefore start with this right away. Currency Exchange Rates Currency exchange rates have existed for hundreds of years, but in … [Read More...]

Financial, Economic and Social Mood Update (November 1, 2017)

Financial, Economic and Social Mood Update (November 1, 2017) The US stock market continues to be very robust – the Dow Jones 30 Industrials Index reached a new record nominal high of 23,518 on November 1, 2017. The NASDAQ Composite Index hit a new record nominal high of 6760, the S&P 500 Index did likewise (2,588) as did the Wilshire 5000 “Total Market Index” (26,801) on the same date. Keep in mind that these records are “nominal” high values, but NOT real purchasing high values. In other words, the real purchasing power of all global fiat currencies continues to fall. You might be making “good” money – but you might not necessarily feel rich. The power structure, or the “corporate state” in many countries all over the world is in the process of collapsing or imploding – due to corruption and over-extension (i.e., drowning in debt, unfunded liabilities and in … [Read More...]

Financial, Economic and Social Mood Update (October 1, 2017)

Financial, Economic and Social Mood Update (October 1, 2017) The US stock market continues to be very robust – the Dow Jones 30 Industrials Index reached a new record nominal high of 22,420 on September 21, 2017. The NASDAQ Composite Index hit a new record nominal high of 6498 on September 29, the S&P 500 Index did likewise on the same date (2,519) and the Wilshire 5000 “Total Market Index” did so as well (26,131). Timing is the key – but it is almost impossible to do! The most difficult aspects of market forecasting include 1) timing and 2) degree (magnitude in this case) of wave strength. Elliott Wave International was established near Atlanta, Georgia in 1979 and they accurately called for the bottom of the then near term stock market which took place in 1982 – at that time, the Dow Jones 30 Industrials Index reached a level in between 700 and 800. After this … [Read More...]

Money Saving and Investment Tips

New President of the US Donald J. Trump (February 4, 2017)

The big date was January 20, 2017 – the inauguration of Donald J. Trump as the 45th President of the United States (POTUS). This marked not merely a changing of the administration in the USA, but more importantly a key element in the overturning of the existing global power structure going back at least to 1944. The main source of power in the world is the “creation” of money. The respective central or national banks of the world perform this all important function, and certain central banks are more important than others. Those which come to mind today include the central banks of the USA (the Federal Reserve System), the UK (the Bank of England), the EU (the European or German Central Bank in Frankfurt), Switzerland, Japan and the much newer BRICS bloc. “BRICS” stands for Brazil, Russia, India, China and South Africa. Above the central banking system of individual … [Read More...]

The Demise of Liberalism and Left Wing Governments (January 1, 2017)

Financial, Economic and Social Mood Update (January 1, 2017) So-called “liberal” and left-wing governments are in a broad retreat all over the world. Even Vice President Joe Biden of the USA said in December 2016 that Germany and Canada are the last two major (i.e., most powerful and most affluent) government stalwarts of this so-called grouping. The much anticipated and long awaited “Global Economic Reset” (actually a global currency reset which determines the ranking of worldwide reserve currencies held by central banks, commercial banks, investment banks, corporations and individuals) is upon us at the start of the year A.D. 2017. The baton has been held by the US Dollar since it overtook the GBP British Pound Sterling in 1944. The “Special Drawing Rights” (SDR) held by the IMF, World Bank and other supra national quasi-public sector central banks is about to shift … [Read More...]

Financial, Economic and Social Mood Update (November 1, 2016)

Financial, Economic and Social Mood Update (November 1, 2016) The Dow Jones 30 Industrials Index reached a new nominal high value on August 15, 2016 and this record is still in place – the index remains about 800 points below the record as of November 1, 2016. There is a need to rise above the chatter and the nonsense of the body politic in much of the world and assess where we now are and where we are going in the near future. Much (but not all) of the formerly industrialized world is in decline – this is evident in the per capita GDP rankings which I discussed in last month’s update. The USA is on the cusp of becoming a de facto Third World country. The overwhelming majority of Americans are recipients or so-called “beneficiaries” of a massive socialist welfare state. They are being supported or held up by a tiny minority of Americans who still support the US … [Read More...]

Financial Terms and Dictionary

The Demise of Liberalism and Left Wing Governments (January 1, 2017)

Financial, Economic and Social Mood Update (January 1, 2017) So-called “liberal” and left-wing governments are in a broad retreat all over the world. Even Vice President Joe Biden of the USA said in December 2016 that Germany and Canada are the last two major (i.e., most powerful and most affluent) government stalwarts of this so-called grouping. The much anticipated and long awaited “Global Economic Reset” (actually a global currency reset which determines the ranking of worldwide reserve currencies held by central banks, commercial banks, investment banks, corporations and individuals) is upon us at the start of the year A.D. 2017. The baton has been held by the US Dollar since it overtook the GBP British Pound Sterling in 1944. The “Special Drawing Rights” (SDR) held by the IMF, World Bank and other supra national quasi-public sector central banks is about to shift … [Read More...]

Bookstore

The Demise of Liberalism and Left Wing Governments (January 1, 2017)

Financial, Economic and Social Mood Update (January 1, 2017) So-called “liberal” and left-wing governments are in a broad retreat all over the world. Even Vice President Joe Biden of the USA said in December 2016 that Germany and Canada are the last two major (i.e., most powerful and most affluent) government stalwarts of this so-called grouping. The much anticipated and long awaited “Global Economic Reset” (actually a global currency reset which determines the ranking of worldwide reserve currencies held by central banks, commercial banks, investment banks, corporations and individuals) is upon us at the start of the year A.D. 2017. The baton has been held by the US Dollar since it overtook the GBP British Pound Sterling in 1944. The “Special Drawing Rights” (SDR) held by the IMF, World Bank and other supra national quasi-public sector central banks is about to shift … [Read More...]

Book Articles by Marc Nonnenkamp

The Demise of Liberalism and Left Wing Governments (January 1, 2017)

Financial, Economic and Social Mood Update (January 1, 2017) So-called “liberal” and left-wing governments are in a broad retreat all over the world. Even Vice President Joe Biden of the USA said in December 2016 that Germany and Canada are the last two major (i.e., most powerful and most affluent) government stalwarts of this so-called grouping. The much anticipated and long awaited “Global Economic Reset” (actually a global currency reset which determines the ranking of worldwide reserve currencies held by central banks, commercial banks, investment banks, corporations and individuals) is upon us at the start of the year A.D. 2017. The baton has been held by the US Dollar since it overtook the GBP British Pound Sterling in 1944. The “Special Drawing Rights” (SDR) held by the IMF, World Bank and other supra national quasi-public sector central banks is about to shift … [Read More...]