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Michael Clark

Michael Clark
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  • Preparing for a Crash [View article]
    I think many of us have been surprised at the lengths to which the central banks would go to protect the status quo. This has never been true in the past. In the past, the central banks tended to get out of the way and let nature do its trick. This time, the central banks have been using living and future taxpayer money to insure gains in stocks and housing. This is something that has never been done before, to my knowedge. So, we are in a new reality. The markets no longer work they way they did for hundreds of years. And the central banks now have added to their list of duties "to protect the status quo against change" and to support the material quest of today's citizens with money taken (stolen?) from unborn generations.

    It's a dangerous new dimension of CONTROL. We did not die from real stock market corrections or even economic depressions. We took the blows and came back stronger. But the FED (and their lackies around the world) has no faith in us, does not think we can recover from a form of natural defeat -- so they are committed to fixing everything, to try to keep us comfortable, and to weaken us, and to make us less able to adapt to difficult situations. The road to hell is paved with good intentions, even fatherly intentions, to protect people from adversity -- even adversity brought on by their own greed and carelessness (too much debt is both greed and carelessness).

    Don't fight the FED. Yes. But also: AUDIT the FED. And prosecute anyone who broke the law.

    Do you where where the government forced JP MORGAN to publicaly admit their regular criminality as a part of their most recent pay-off of fines to the government for systematically breaking the law. No one in jail yet, as far as I can tell:
    May 22, 2015. 09:53 PM | Likes Like |Link to Comment
  • Peter Schiff Quiets Critics As Weak Data Holds Rate Hikes [View article]
    I just read a Canadian paper on the net, with an interview with Paul Volcker, in which Volcker said "The FED's enemy has always been gold." Gold is the anti-currency currency. Volcker said: "If gold is going up, then this signals that something is seriously wrong with the system, with the status quo." That is not a message any banker, leader, or defender of the status quo wants to get out.

    Higher gold prices means the establishment is losing.

    I predicted many years ago that gold would go up from 2001-2019, as it had from 1965-1983, and from 1929-1947. Note that these are the years when I claim Time on the creation of the world 'ran out'; creative energy became suddenly entropic.

    These Deflation Cycles are good for gold and traiditionally not good for stocks. This time, the FED believes it has found a way to short-circult the laws of nature. Gold roared up from 2001-2011. Then the central banks took over in an attempt to save the system, and to neturalize gold's effective damnation of the establishment, the corrupt system, of the dying world. It is my conviction that the world 'dies' every 36 years no matter what we do. The FED determined they would steal money from the future in an attempt to pacify or bribe the God of Destruction (the Black Hole of Deflation) and this is what QE and NIRP and ZIRP are all about -- stealing money from the future, from unborn citizens, in an attempt to avert Chaos. But Chaos is the Alpha and the Omega, the resting place of Nature, and the place where Chaos eventually gives birth to Order again, Order being the first-born son of Chaos.

    There is no avoiding decay and disintegration. The Old Man, Old World, System (1929, 1965, 2001) dies. It can die easiy. Or it can eat its children, as myth tells us Saturn does and attempts to do. The central banks are attempting to appease Saturn with massive amounts of money, the money that rightly belongs to Saturn's children. It will not work. It is just stalling. The Black Hole eats all the matter that comes into its neighborhood. This destruction of matter does not end until the cycle ends (2019); at that point, miraculously, the black hole spends itself, turns inside out and upside down and transforms itself into the White Hole, which begings spuring matter out into the universe, matter to be used in the next Re-Creation Season. This process never ends.

    I also told my readers that 2019 would be the time to beginning shorting gold and buying stocks. But my understanding that 2001-2019 would be lost time for investors, with an average of about a loss of 1% per year for 18 years, similar to the years 1929-1947 and 1965-1983. Since the FED has upset this pattern, I have predicted that the DJIA will collapse in the next five years to about 7474. I'm still predicting this.

    Bear Markets or Night-Cycles are rest periods, times when stocks traditionally go sideways. In our greed, we have refused this deal with God and have instead made a deal with the Devil that will allow us to generate great profits even during this Night-Cycle. I don't believe this deal will be without its shadow-effects. The FED is determined to avoid these shadow effects. My belief is that they will fail. And at the end of it all, we will still lose about 18% on the Dow, from where it 'died' in 2001. We will also probably get rid of the FED when all the dust settles.

    Peter Shiff, like many of us, feels cheated by a FED that refused to allow nature to dictate the rules of economic empire, the end of economic expansion in 2001 and, instead, found a way to transfer trillions of dollars from government treasuries (world citizens) to the richest people in the world, to banks and bankers, and to force-feed free money to corporations that have turned ZIRP and NIRP into share buy-back bonanzas that has exascerbated class-divisions all over the world. The FED has engineered a revolution for the rich, ran a government program of socialism for the most wealthy people on the Earth. We should all feel cheated by this. This is a sin. When I say it is a sin, I mean it is a crime again nature, against all the people of the world, against the planet, against history -- the kind of hubris punished in Greek myth and history by turning the sinners over the the judgments and tortures of Hekate, the most violent and unforgiving of the Moon goddesses.

    Essentially, growth periods -- 1911-1929, 1947-1965, 1983-2001 -- are governed by the Sun in myth, the Masculine Principle -- and rest periods, Nights, are governed by the Moon Goddess, Hekate in Greece -- 1929-1947, 1965-1983, 2001-2019. The curses, plagues, and violence against man portaryed in the New Testament in the Book of Revelation is annother rendering of this same idea. The Night-Cycles are governed by Hekate, and she is a most ruthless unforgiving force of Nature. That's why we have today wars, and executions, and terror, and natural disasters, floods, tsunamis, droughts, earthquakes, hurricanes, economic depressions..these are all emblems of Hekates punishment of humanity for its sin of Hubris, Pride, of believe that they, men, are greater than God. So, that is where we are today. The Feminine Principle (Isis is an emblem of Hekate also; Isis is an Egyptian Hekate) gets stronger until 2019, reaches its apex in 2019 and than begins to weaken. Things will not get earier for some time now. We are all Noah; and we are all riding in Noah's ark.
    May 21, 2015. 04:09 AM | Likes Like |Link to Comment
  • Peter Schiff Quiets Critics As Weak Data Holds Rate Hikes [View article]
    I agree with you, Keith. Here's what I see coming. First the strong Dollar rally will bring the global economy to its knees, will generate defaults in the developing world, which will bankrupt the world's banks. This will happen in the next year or two. The Strong Dollar is the Global Default Machine (the Lawnmower, or the Grim Reaper); the Weak Dollar is the Global Debt Machine (seeding the world and watching its harvest): our harvest was 2001 this cycle. 1965 was the previous harvest. 1929 the previous harvest. 1893, 1857, 1821....

    QE is the only game the central banks know. Then America reverts to QE, joining all the other countries in this desperate illusion. Then ZIRP becomes NIRP everywhere. Gold goes through the roof. There is a mad scramble by the governments of the world to buy gold as a basis for their new currencies, which will all be gold-backed.

    Assets have one last massive push up through final QE. Hideous hyper-inflation; and then a furious crash. Followed by the military option. World War III, and the fight for the right to run the world in the next cycle of re-creation of the world.
    May 21, 2015. 03:43 AM | Likes Like |Link to Comment
  • Peter Schiff Quiets Critics As Weak Data Holds Rate Hikes [View article]
    I agree with almost all you say. Except bye, bye America. The truth is we have a killing deflation every 36 years. They are painful. They are akin to Winters -- death experiences. But none of the many past depressions has killed America.

    Part of the problem the FED has is they have no faith in America, in the world, or in the creation. We MUST go through all the seasons of this system, the creation and the destruction; we must do this with courage. We must do this with faith. Life is not supposed to always be easy. It is not designed that way. It is not always supposed to be rich and easy, always successful. If life is always successful, we will have no need for God and spiritual revelation. Death and failure is built into the system so that we won't forget about our souls, and the principle of eternal life. When we suffer through loss, through emptying out, through fear of death and through ego destruction, we gain spiritual strength. This is when rebirth happens.

    We have lost spiritual udnerstanding as a culture, and faith. WE want the easy way out all the time. We do not believe in eternal life, and spiritual resurrection. But it is a fact of nature. We must go through death to get to the next world. In truth, we die as a culture, and as a world, every 36 years. And we are reborn. We re-create the destroyed world for 18 years (1911-1929, 1947-1965, 1983-2001....); then the Business Cycle ends, our allotment of creative energy is depleted. Having created the outer world, the material world, this depleted energy turns inward and then creates the spiritual world, the inner world, instead. When the creative energy turns inward, (1929-1947, 1965-1983, 2001-2019...) then the material world dissolves in entropy, the creative energy, in its newest form, becomes destructive to the material world.

    My point: we have to give up our fear that we are going to lose everyone we worked for. We ARE going to lose everything we worked for. But we will find we get to create the next world also, and make it even better than the last world -- but Time will always run out on this creation of the world. We have to accept this law; survive, and endure the dangers of the black hole of deflation; and we must prepare for the next cycle of building, that is scheduled to begin 2019....

    We have lost our spiritual eye as a people. We are spiritually blind. We cannot see the obvious. We value only one side of experience, the Day-Side, science, reason, materialism, body-life. There is a whole other side with a different language we need to also learn, or we become blind, handicapped, when Time runs out, as it always does and always will. There is nothing for us to fear. Death is not what we think it is. Death is a return to our origins, a return to the fountain of youth. We keep clinging to the old dying world (the world the FED is desperately trying to preserve), but that world is dead, and needs to be discarded, like an old body that has lost its strength. The future is nothing to fear. We will be fine. We may lose our illusions of wealth, greatness and empire, Ego concerns, but life will continue.

    If we identify with eternal life, we will not die. If we identify with our mortal finiteness, with Death, with nature limited by our ego conceptions, our private lives that end when we close our eyes, then we have already given up on the idea of eternal transformation.

    All our life we live and die and live again. We call this Daily Life and sleep. This is a model for how nature works. Everything works to live; and then rests. Everything in nature does the same. Men do the same. Men's social processes do the same. Economics works the same way.
    May 21, 2015. 03:20 AM | Likes Like |Link to Comment
  • Peter Schiff Quiets Critics As Weak Data Holds Rate Hikes [View article]
    I agree with you. Debt was off the charts in 1929, and in 2001. But we had almost no debt in 1965. It IS possible to create inflation when you have no debt.
    May 21, 2015. 03:05 AM | Likes Like |Link to Comment
  • Peter Schiff Quiets Critics As Weak Data Holds Rate Hikes [View article]
    Yes. The FED has been stalling. The FED has been keeping us in the second inning only, with all these 'intentional passes' they have been giving out to every batter who has come to the plate.

    It's much easier to stall in basketball that in baseball. In baseball you can't just hold the ball until the shot clock runs out. In baseball, to stall, you actually have to pretend you are competing.
    May 21, 2015. 03:03 AM | Likes Like |Link to Comment
  • Peter Schiff Quiets Critics As Weak Data Holds Rate Hikes [View article]
    Let's be honest. Who in their right mind would have believed the central banks would have been willing to sacrifice all the world currencies to destruction interest rate policy.

    Schiff made a very good prediction (he is not alone; the world is filled with bright people who saw the dangers of the day but never conceived a central bank would be either gutsy or insane enough to push free money to the breaking point). Many of us know or believe that the "Inflate or die" psychosis of modern economic theory is a dangerous obsession and proof of a lack of comprehension as to how the economy is really supposed to work -- a business cycle growth period that is always followed by a non-growth period of rest, a Saving Season that always follows the Spending Season -- what made many people predict armageddon then was a belief that the central banks would have too much sense to push liquidity to the very edge (resolving to treat the sickness of the global economy, a veritable flood of debt and cheap money, with MORE debt and MORE cheap money). It is like a doctor treating a patient with lung cancer with cigarettes and whiskey. It is an oxymoron. When one is drowning, one does not continue to flood the fields with even more runoff from the dwindling dammed evaporating reservoir.

    Anyway, my point is that Schiff (Chef Schiff) diagnosed the problem correctly but misunderstood the extent of madness of the physician treating the patient. And, if the final result, is that central bank madness is resolved without the deaths of all the patients, the destruction of the fiat currency system, hyper-inflation followed by a new system based in currencies founded in gold, and World War III is avoided...then maybe all of us naysayers will have to eat crow and admit that Keynes (as he has been misinterpreted by most modern monetarists) is a savior, and the Austrians are relics of an older and less imaginative world, ready for the historical trashheap.

    I, for one, believe the Austrians will be vindicated, and that we are headed into a Biblical firestorm. But, what do I know? I'm not one of the elite. I'm one of the new serf-class instead. My fear, let me say it now, is that if central bank policy works, we will wake to a foreverchanged world, closer to the medieval feudal system than we are to the modern democractic system that was in tentative place right before we fell asleep at the end of the last Inflation Season. If this is borne out, then winning (for the central bankers) may prove, indeed, to be losing for everyone else. Kingmakers will be smiling. Debt slaves and urchins and serf-kingdoms will be anguished. Is this how the world ends, with this famous whimper, and not with this infamous bang?
    May 21, 2015. 02:51 AM | Likes Like |Link to Comment
  • Copper Secular Bull Market Resumes, Buy Freeport-McMoRan [View article]
    William: Did you see what happened to oil and gold and copper and all the commodity stocks yesterday when the Dollar smashed at the Euro, gaining 1.3%? This is what you face. You face a bull market in the Dollar and the deflationary effect this phenomenon carries. A bull market in the Dollar has the capacity to wreak havoc on the global economy. Watch what it does to oil, and the other commodity stocks in the next leg up in the dollar.
    May 20, 2015. 01:52 AM | 1 Like Like |Link to Comment
  • Copper Secular Bull Market Resumes, Buy Freeport-McMoRan [View article]
    Gold is the enemy to the status quo. The gold price is "the inverse of confidence in the fiat currency system".

    Read this interview with Paul Volcker, in which he declares that gold is the enemy of the FED (and, by implication, to all central banks):

    "When it comes to a hot topic of today’s investment world, Mr. Volcker always had a very strong view on gold.

    “Gold was the enemy to me because that was a speculative vehicle while I was trying to hold the system together. [The speculators] were on the other side.”

    Then and now, the gold price is viewed as the inverse price of the confidence in the system. If gold is high, it usually means something is amiss. In Volcker’s time, the high inflation and budget deficits of the 70s propelled gold from a low of $35 before 1970 to a high of $668 in 1980..."
    May 20, 2015. 01:48 AM | Likes Like |Link to Comment
  • Warning Signs: Cracks In The Foundation [View article]
    Which leaves us where when we "wake up"?

    Are we heading into a brave new world where machines do all the work, and humans receive a living stipend, so they can develop their spirits and minds without having to work for a living?

    Or are we heading into a world where human refuse is thrown away and the rich elite flourish in a world where machines do all the work and the elite get all the profit?

    We need someone to step forward and explain the vision that is being pursued. Is it more free time for creative human endeavor? Or is it fewer human beings and a higher standard of living for those who design the machines?
    May 19, 2015. 08:48 PM | Likes Like |Link to Comment
  • How Warren Buffett's Misunderstanding Of QE Left Billions On The Table [View article]
    Wantingtoretire: Humans are especially not good at resisting the future when they get cards they don't like. 2001 was the end of the business cycle. The business cycle (expansion or inflation) ran from 1983-2001. Then it ended. Those in power did not like the message they received; that expansion was over. So they attempted to coerce nature or seduce nature to 'extend the business cycle'. Man's hubris.

    Everything in nature acts and then rests. Breathes out; and then breathes in. Some of humanity (those in power, those with the most to lose by a loss of continuity) do not like this law; and so they pretend it isn't so, it isn't a law; that they can outthink it. Our Rest Cycle will carry from 2001-2019. Then we will begin to wake the creative energy again.

    Part of the resting process involves letting the body go to sleep -- that is, stopping the vitalizing of the body (which is what lower interest rates are in a metaphorical sense). Resting seasons, like sleep seasons, involve energy being drawn out of the body and moving into the brain during sleep and dreaming season. Conserving energy instead of spending it. But GDP is the yardstick modern economics uses to measure the health of the economy -- and GDP only measure spending. If we are not spending energy, we are ill -- that is the message of GDP.

    In truth, there are two seasons. There is a Spending Season, 1983-2001; and then this is succeeded by a Saving Season, 2001-2019. Energy is spent during the day through bodily activity; enegy is saved, conserved, during the night through bodily inactivity, sleep.

    GDP tells us saving is evil, a sign of danger. The medicine this doctor uses is perpetually low interest rates. But GDP only describes the Daylight activity; it is incomplete in its view. Can you imagine a medical doctor telling you that sleep and rest need to be avoided at all cost? You would dismiss him as a quack. But this is what our monetary leaders have been telling us for nearly a century. But only a few of us dare call these so-called leaders quacks. But they are quacks. Quacks with impressive educations, impressive degrees, qualifications -- but without philosophy, without an ability to see the whole picture. They are seeing 1/2 the world and proclaiming it the entirety.

    Higher rates are, in fact, the conservation of energy that sleep also is. Higher rates lead to a stronger currency, which is necessary during the conservation of energy period -- strong blood circulation is needed during the day, when the body is active; but it is not needed during rest, when the body is relatively inactive. Spending is 1/2 the story; the other 1/2 story is Saving. Our leaders are one-sided, myopic -- since they desperated want to keep the energy, the power, the money they accrued during the active season. Fear of losing this advantage makes them crazy, desperate, when the energy vanishes, turns inward, as it always does at the end of the Business Cycle: 2001, 1965, 1929, 1893, 1857, 1821, 1785, 1745, 1713....

    During Saving Season, material growth is not possible. The argument that low interest rates serve growth is true half the time -- only half the time -- during the Growth Season. During the Non-Growth (Saving) Season, lower interest rates serve only to animate and expand growths, cancers, debt bubbles. Growth is good; growths are not good. Death by cancer is what we have been experiencing since 2001, an economic version of this.

    Everything is geometry and time. Or space and algebra.

    If you are interested in these ideas, you can read my book online:



    For Alan Greenspan,
    the last of the great white whaleboat captains.

    Note, these cycles about which I write are energy cycles or spiritual cycles, and their impact on human systems (economic, social and physical) are effects of the primary cause, the regular expansion of Creative Energy for 18 years followed always by the end of that expansion, the turning inside-out and upside-down of the Creative Energy, making it the anti-type of itself. Expanding Matter becomes expanding Antii-Matter. The emptying out of the Material Universe is the same as the filling up of the Antimaterial Universe. In truth, the Creative Energy never rests, creating the material universe and then, turning inward, creating the Inner Universe. These two worlds are mirror images of each other.

    This is why we can't live without philosophy. Science is 1/2 the story; religion, myth, poetry is the other 1/2 of the story; and philosophy is the force that synthesizes these two adversaries.

    In religion, myth, the Masculine Principle is 1/2 the story (the Sun, the Day) and the Feminine Principle is 1/2 the story (the Moon, the Night) -- and these two adversaries are synthesized by the Son, who draws them together to save the world.
    May 19, 2015. 07:29 PM | Likes Like |Link to Comment
  • The Economic Recovery That Can't Get Any Respect [View article]
    Thanks, David.
    May 18, 2015. 03:18 PM | 1 Like Like |Link to Comment
  • The Economic Recovery That Can't Get Any Respect [View article]
    I could not agree more, David.
    May 18, 2015. 03:17 PM | 1 Like Like |Link to Comment
  • The Economic Recovery That Can't Get Any Respect [View article]
    If we had a real recovery, the FED would not be hand-wringing about nudging interest rates above zero, and terrified of what this might do.
    May 18, 2015. 03:33 AM | 1 Like Like |Link to Comment
  • The Impending Collapse: Most Economists Miss This [View article]
    I agree. I think if we valued out democracy more than our ideologies (of the right and left), we would easily solve our problems. But the Ego loves (demands) being on the 'right side' -- so it's always seeing the small picture, and identifying with 1/2 the picture. The Arabs have a similar problem.
    May 15, 2015. 08:58 PM | 2 Likes Like |Link to Comment