m a r k e t

2011-10-02T22:31:00.000-07:00

A new trend has developed for a low in mid Oct., possibly around Oct. 19. I will post a chart soon.

2011-08-23T03:57:00.000-07:00

2011-05-23T21:59:00.000-07:00

Update for August 3rd: This signal for a low in late July was based on looking at a weekly signal which can go over into the next week which has now happened, the US stock markets should start to move back up now. Signals are usually +/- a day or week depending on whether the signal looked at is daily or weekly, in this case I focused on the weekly.

Oex low for late july 2011

2011-05-22T13:47:00.000-07:00

Update - June 8th, the Dollar may be forming a double bottom right on the Economic Confidence Model date of June 13, 2011 (normal interpretation of the cycle allows for a few days +/- within the date), if so this implies capital seeking safety in the dollar as it did in late 2008. As indicated before, the US Dollar appears to be headed for a high in October 2011, which seems like a short rally in light of the ECM model.

2011-03-26T08:39:00.000-07:00

Natural Gas has a strong trend going into autumn of 2015 for a high which is also Martin Armstrong's next peak in the economic confidence model after the model bottoms in June 2011. There are Natural Gas etf's or perhaps some good quality stocks that a person could invest in.

2011-03-04T20:07:00.000-08:00

"What if we see a bounce from a dollar low this coming June, like the top on the dollar in June 2010? Have the fundamentals aligned themselves finally? Long term, I know the dollar is headed into the ditches. But on the way down we should see bounces." Mike

There are always counter trends within bigger trends. You could be right, have to see, Gold may be stalling out here, this 1400 area seems to be strong resistance but if it blast though it then that 1800 top channel that Martin Armstrong has shown would be the next target.

2010-10-03T18:27:00.000-07:00

Uranium is very likely to go into a super-bull market as the main replacement for Oil in the long run according to James Dines and others. Uranium's chart also looks to have bottomed. This company Uranerz Energy has caught my attention as technically interesting and apparently good from a fundamental analysis view too...
"If you go on www.kitcometal.com just in the middle of the web page there is Matlik ranking on Junior companies.
He rates URZ at 1.3 which is one of the best. I don't understand how he does the rating but for he considers potential revenue over 2010-2011-2012" .... Ecolo101 on www.Stockhouse.com Bull Board.

The chart looks like it is going to break out of its big wedge which could then lead to large gains in price, my oscillator is projecting a high for late 2011.

2010-09-23T10:50:00.000-07:00

Caveat: It has been observed by others that Gold reaching new highs while the US dollar has not reached new lows is a warning that dollar bears may have to scramble as the dollar puts in a rally for a few months, this would tie in with Martin Armstrong's warning that gold may go down into hi Pi Cycle next June with markets once again seeking shelter in the US dollar as stock markets go down again. Also in agreement with my latest Silver chart above predicting a top for silver now which should also mean a top for Gold.

As previously forecast in March 2010, the US dollar was trending for a late May to Early June high, it peaked on June 7th, it now looks like it has put in the classic M top and is headed to hell in a hand-basket into late 2014 or 2015. This will likely be the unfolding of Martin Armstrong's long standing prediction of a major debt crisis with the trashing of the US dollar and Gold exceeding $5000.

Futurist Gerald Celente is predicting hyper-inflation, price controls on food and then food shortages as farmers stop growing food since they will be losing money doing it, then food riots will break out in US cities. I pray this will not happen, I don't know, all I can see is the US dollar is in trouble technically. As Mr. Armstrong has predicted what is coming is the death of Socialism, where politicians use other people's money and make promises that cannot be kept, as former British Prime-Minister Margaret Thatcher said... "Socialism works until you run out of other people's money". Mr. Armstrong has suggested that Karl Marx is the most influential economist in our modern era and that his picture should be on the US dollar not the founding fathers if politicians were honest about it.

2010-08-22T06:22:00.000-07:00

Terry Laundry's work with his confidence indicator in the link below is very interesting, this in addition to his T theory work and advance decline charts is showing more trouble coming our way. He is looking for August 26 to be a pivotal time and then a rapid decline into June or July of 2011. My work is suggesting a pause in between with an October low to be followed by a rally and then the final bottom coming in on Martin Armstrong's Pi Cycle date in June 2011. The housing index chart is also pointing to a low for mid 2011.

http://ttheory.typepad.com/files/t-theory-confidence-indicatorpdf-.pdf

2010-05-06T18:37:00.000-07:00

July 5 Update, VXN Nasdaq Volatility Index is not making new highs as the market has come down, so despite the price charts looking bad, many of the internals are diverging which should lead to a rally now.

May 26 update... a closer look at the NYSE signal looks like June 4 +/- a day will most likely be the low and a good time to buy stock markets in general for a few months until markets start to turn down again.

May 6 Update, As originally forecast on the Nov. 4 2009 post on this site, the NYSE is making a low in this time period, the time has shifted forward a few weeks from last November's predicted date, as best as I can determine the final low on this run will be late May or even the first week of June.

2010-04-16T08:54:00.000-07:00

Update Friday April 23; Market continues higher, signal appears to have only produced a very short term pull-back, still divergence happening in the vix, a more serious pull-back should be coming.

5 days ago I wrote on the post below that I thought the banking index looked like it was going to peak this week, today the SEC charged Goldman Sachs with Fraud and the banking index and stock market in general is crashing now after a double top on the minute charts yesterday and a gap down today. News comes to satisfy technicals.

2010-04-11T20:50:00.000-07:00

The Philadelphia Banking Index has trend which is likely showing a top for the banking index the week of April 12, 2010.

2010-03-20T07:26:00.001-07:00

UPDATE MARCH 28,2010

- CRB Index has a trend for a low Oct. 2011
- Canadian Dollar has a trend for a low around Sept. 2011 (this is roughly in agreement with the CRB forecast, the CDN. Dollar is percieved to be a commodity currency
-US Dollar now looks like it is headed for a high in late May to early June 2010.

- The US Treasury benchmark 10 year yields are indicating a low (see chart below) in the spring of 2011, this trend looks confirmed, which means that another flight to percieved safety in US government bonds looks likely, that implies the Stock Market will make a low into Martin Armstrong's Pi Cycle date of mid June 2011 then.

The NYSE trend for a low in late April to early May (it could be around April 23 or it could be the first week of May from what I can see at this time, I may be able to pin-point it more clearly as we get closer to that time) still looks valid and a friend Humble1 who has just gone short after being long since March 2009 is also looking for a low in that time period, to be followed perhaps by the last good high in August in agreement with Terry Laundry's T-Theory

2010-01-29T07:42:00.000-08:00

'Chart of the Day' shows Gold will most likely continue up in the future, to clarify: Gold should rally on a long term basis, it became very over-bought in November of 2009, my Silver chart several posts below this one shows trends for a low on Martin Armstrong's next major Pi Cycle date of June 2011, Silver not likely going down into that time period by itself, so Gold will most likely bottom in mid 2011 as well, Gold chart below top chart shows weak momentum now.

2010-01-25T01:15:00.000-08:00

Brief note: the spx is oversold now (as of Wed. Jan 27, we can likely expect a rally into Feb., possibly starting next week. Longer term I am still looking at an April low, I will do a count to pin-point that low soon. I know lots of other people are expecting a rally into April, my oscillator is disagreeing.

The US Dollar index continues to rally into my forecasted early Feb. high from last October. Whether it just takes a rest once early Feb. arrives or goes back down is not clear to me at this time.(Jan.28)

CRB Index has broken its uptrend,late march or april looks to be the trend low for this index,a new chart will be posted.

SP500 breaking down...

2010-01-23T22:19:00.000-08:00

Put Call chart showing that investors were getting too bullish. Chart by RodgerDodger

2010-01-04T21:18:00.000-08:00

Trend on NYSE showing a high coming for about Feb. 10.has been violated too much now, market appears to be breaking down now and as RogerDodger over at Traders-talk has shown the CPC put call ratio is at extreme levels now, meaning there is too much bullishness, so the low I have been predicting for April/May may be starting to unfold now.

2009-12-28T12:44:00.000-08:00

Below was posted by sold2rent1 on housepricecrash.co.uk , the addition of the 3.141 years from the 2007.15 Economic Confidence Model Peak leads to the April 16th 2010 date, as the 1998.55 date plus 3.141 years led to the September 11th, 2001 date (9/11), in a 1999 article Martin Armstrong warned that the USA could be attacked in either Sept. or Oct. of 2001 and that this would then be followed by a retalitary WAR in 2003. I do not know anything about the Calleman (Mayan?) model which is apparently in agreement with Armstrong Pi work for some kind of event in early 2010.

*Additionally I am not sure the below author's conclusions are valid because the sept. 2001 date was after the 224 civilization cycle hit for the United States which I think was likely the main reason that Martin Armstrong predicted back then that an attack would happen by the fall of 2001. As noted on this site a couple of times I think there is strong evidence on my oscillator for a low in Mid April which is the same date Mr. Armstrong is looking at a focus in the markets.

"The graph shows a highlighted period between January 2010 and 16 April 2010 (see below). What does this mean? Well the 4th Jan 2010 is a high on the 8.6 monthly cycle and the 16 April 2010 is the ?high + PI? date of 2007.15 + 3.141. The last time we had a "high + PI" date was 1998.55 + 3.141 = 11 September 2001 (9/11).

So we can expect the period of 4 January - 16 April to be extremely destructive.
16 April is a massive date with Calleman's model resonance too. It maps exactly to the peak oil price back in February 1981.

Both models are lining up for this period to be very grim indeed."

2009-12-16T23:15:00.000-08:00

Latest work is strongly suggesting that June 18, 2011 will be a major low for Silver and likely many other things, including 10 year US Bond yields as can be seen on the charts below. Update Jan. 30, 2010, what these charts imply is that there is going to be another financial crisis going into the pi cycle date in June 2011, that will cause bonds to rally as capital seeks relative safety from the crisis which again will see capital dumping stocks and gold in a liquidty crunch as we saw in late 2008.

Martin Armstrong wrote that whatever Gold does by October 2010 it will do the opposite for 1 year, this implies that the markets will go down into this spring (2010 as my NYSE chart shows) and then peak in the Autumn of 2010 to be followed by a big low on the Pi Cycle date of June 18, 2011.

Ronald Rosen of the Rosen Market Timing letter... LTD # 5 low is due to arrive October 10, 2010 for Gold, I think his date will be too early based on what I am now seeing.

2009-12-05T08:03:00.000-08:00

Top chart shows NYSI with a 200 CCI which is long term bearish, lower chart has shorter oscillators that may be short term bullish.

A chart to consider as posted by CLK on TT (slightly modified), this argues more upside in the spx, but perhaps not much.

2009-12-05T06:47:00.000-08:00

Dollar Breaking Out, Euro heading down into next summer.

2009-11-25T20:09:00.000-08:00

I do not have a clear read on where a top will form (as of Dec 24, 2009), I do think a low will form in April as I have posted here with the NYSE chart.
Markets continue to break upwards but bullish sentiment is getting fairly high as can be seen on graphic above from .... http://www.traders-talk.com/mb2/index.php?showtopic=114501

2009-11-16T17:23:00.000-08:00

Upper trendline resistance of 1150. Small cap indices like the Russell 2000 are diverging as investors are taking money out of them, the leadership of the blue chips is defensive and suggestive of problems ahead.

2009-11-13T22:12:00.000-08:00

Nysi divergence is not a good sign for the bulls...

2009-11-12T17:29:00.000-08:00

Baltic Dry Index sell signal. This index is for shipping rates of dry goods (lots of commodities which are considered to be leading indicators for how much future economic activity will occur, for example concrete, copper, steel etc. This is a short sell signal based on this last leg of the rally but this rally is a second attempt to break above the first failed rally so this could lead to a significant test of the lows a year ago.

2009-11-11T12:26:00.000-08:00

S&P Price Oscillator Is Three Standard Deviations From Mean: 99% Outlier Market, this shows the market is currently over-bought. Selecto over at Traders-talk has posted this chart from Sentiment Trader

"When the Price Oscillator reaches an extreme, it often marks short-term exhaustion in buying or selling pressure. We generally use readings over 59% to indicate an excessive amount of buying pressure (particularly when in a longer-term downtrend), and readings below 41% to indicate that the selling may be overdone (especially when in a longer-term uptrend). This indicator works especially well within defined trading ranges, and will give a false signal (likely becoming very extreme) when a trading range is broken and a new trend begins." ... Sentiment Trader

Statistical overview:

68% of readings (1 standard deviation) should be between 41% and 59%
95% of readings (2 standard deviations) should be between 32% and 68%
99% of readings (3 standard deviations) should be between 23% and 77%

Latest readings have turned neutral (thanks to RogerDoger for this...

AAII:
(as of 11/11/2009) 50%
Bullish: 38.62%
Neutral: 22.76%
Bearish: 38.62%

Nov. 5, 2009 AAII Sentiment is showing extreme bearishness, which usually means the market will go up. This is confusing as many of the momentum indicators are very weak, but this sentiment poll is very important which means that a second wind or a third bullish T as Terry Laundry recently wrote should unfold here.

2009-11-04T21:47:00.000-08:00

NYSE projecting a late April 2010 low, this date has now also been confirmed on my oscillator for the Toronto Stock Index (TSX), as of Nov. 8.

I now find myself at odds with Terry Laundry and his T system who is looking for a high in March, which is confusing since he is looking for the final high in this bull run in August 2010.

Martin Armstrong in his latest article is still talking about a possible low in this time period (thanks to the editor of Geronimoscalper in answer to I have this clarification... "closing support for the Dow will be at 8600 and 7200 levels. A closing below the first will signal a retest of lows for May, where as a year end closing below 7200 will signal a test of the 5000 level with the most extreme support 3800." also... "the two yearly targets for a major crisis are 2011/12 and 2016."
So the Dow will have to shed a fair bit by year end to turn more bearish which I believe will be the case, it may just be a test of last March, considering the lower NYSE chart below, also consider that the Nikkei and Nasdaq 100 did not put in a lower low in March.

2009-10-27T20:56:00.000-07:00

US dollar index is projecting a late jan early feb 2010 hi. All the ducks are lining up in a row, dollar up into jan-feb, crb down into mid feb. NYSE, TSX down into April.

2009-10-27T20:53:00.000-07:00

New work on the CRB index using more accurate software as promised is showing mid Feb as the coming low.

2009-10-27T18:30:00.000-07:00

Stalling out on the March 2009 uptrend, a test of the March or July lows looks likely now for a few months. The higher low on the NDX last March does give some hope to the bulls in the long run.

2009-10-25T15:38:00.000-07:00

TSX (Toronto Stock Exchange) is showing a trend for a low in April 2010, this is now confirmed. This date is the next major Pi Cycle date (April 16, 2010) as calculated by Martin Armstrong. This chart implies that the coming downtrend is going to be much greater than many bulls are expecting as its signals are coming directly off of the crash of 2008 and early 2009.

2009-10-20T21:50:00.000-07:00

Spx looking toppy with an exhaustion island gap, while the US dollar index is looking like it is ready to break out of its downtrend wedge.

2009-10-19T20:20:00.000-07:00

Speaking of French, the CAC index is approaching a whopper gap from last years panic, the closing of it could signal the end of wave 3 up and then a wave 4 pullback before another blast into next summer.

2009-10-16T22:06:00.000-07:00

Pardon my French, but the NDX sure looks like it has put in an exhaustion gap and a double top.

2009-10-13T07:43:00.000-07:00

Oct. 14 update... The sept 23 high has now been taken out, so my forecast which did produce a small pullback has now been breached, nonetheless the internals are weakening as well as momentum seen on chart below and this being the T theory week should still lead to more weakness in coming weeks.

2009-10-01T15:15:00.000-07:00

Update Fri Oct 9, oex is testing its highs, next week will be critical as the official T theory date arrives.

Uddate Fri Oct 9, oex is testing its highs, next week will be critical as the official T theory date arrives.

2009-09-29T16:43:00.000-07:00

Spx long moving average should be resistance, gap from last year on the SPY chart has been filled according to stockcharts but bigcharts and yahoo show it has not.

2009-09-17T02:31:00.000-07:00

A reader asked if I still think the market will go down into March/April 2010, after just reviewing some charts as of Sept. 25 - I think the prediction for a low in March/April has a 100% certainty, in other words I think it is carved in stone. The CRB index is confirmed big time for a low then as well as many other charts.

Sept. 19th Update: Value Line Arithmetic using Yahoo and Stockcharts data is projecting September 23+/- a day for the high, the latest possible would be the week after.

Value Line Geometric index, late Sept looks like the high, there is also a 'T' that peaks then.

2009-09-11T13:48:00.000-07:00

Note the small volume by price bars in blue...magnets

2009-08-09T18:48:00.000-07:00

There are now several charts pointing to big low next March-April after an Oct.hi. with the exception of Value Line Geometric which is pointing at a Jan. low, things should become clearer as we get closer to those dates, there could be a low in jan followed by a rally and then a final low in March-April.

2009-08-07T01:46:00.000-07:00

Diagonal triangle theory says that wedges don't break-out until the 80% area which is in October and this fits with my other projections using other methods on the stock indices.

2009-08-04T07:43:00.000-07:00

Nikkei has a trend for a big low in Mar/April 2010 which is in line with Martin Armstrong's view for a final 31 month low from the Oct. 2007 high but that is in disagreement with my projection for the major market index to bottom in mid 2014

2009-08-01T23:41:00.000-07:00

Vix wedge should eventually break to the upside around the 80% area as the market goes into a more serious correction, there is a gap on the spx around 900 that will likely be filled. Latest reading on other charts is suggesting by late Sept market should be peaking. T theory is looking for Mid Oct for a final high.

2009-07-27T18:05:00.000-07:00

Valueline Geometric is showing a high for mid October 2009 in line with Terry Laundry's call. I have redone the Vix,Vxn and Nikkei which I have found bullish confirmations for in line with this chart. This should be followed by a Jan Low or possibly farther out into March as the Nikkei chart is suggesting, this should become clearer as time goes foreward.

2009-07-06T16:42:00.000-07:00

Oscillator forecast for a mid 2014 Low for the Major Market Index, this ties in with Terry Laundry's call for the bottom of this bear market in the 2013-2014 area (see second chart below). I have been aware of this potential 2014 low since 2006 but have been doubtful of it because of the success of Martin Armstrong's Pi Cycle which bottoms in mid 2011, nonetheless it does look like a valid confirmed trend. This 2014 trend started to form in 2001. The last chart is the Kress 60 year cycle (thanks to Kavaron for the heads-up) and sub cycles forecasting a final low in 2014 as multiple cycles converge.

2009-06-03T14:15:00.000-07:00

Again the XMI has approached the resistance line from last winter, markets look pretty toppy here but the June 21-22 low I was predicting now looks like it is going to be a high! As indicated on chart above this one, the high signal appeared back in March but I did not notice it on this chart until recently. Nymo on the chart shows an interesting back kiss to the uptrend that was broken which lends support to the idea that these markets are getting toppy in here, just one more surge up in the next week or so should be the top. Stay nimble.

2009-04-27T17:01:00.000-07:00

HGX housing index as originally forecast on Traders-Talk.com in early 2007 for a May 2009 low, later changed to June, this projection was off by about 3 months but overall it was quite correct that the housing market was going to form a major low in 2009 as projected from early 2007.

2009-03-23T17:49:00.000-07:00

Canadian Dollar appears to be headed for a high in July 2009 in line with the Gasoline projection that can be seen several posts below.

2009-01-28T06:22:00.000-08:00

Value Line Geometric is supposed to show what the average stock is doing. This chart appears to have shown the low quite well. Whether this low is going to hold is in question.

2009-01-27T00:32:00.000-08:00

Bottom chart was the original, first chart is latest version which shows the high trend in June... gasoline and the rest of the commodities are headed for a big low next March/April now.

Gasoline Continuous Contract early July 2009 projected hi.

2009-01-08T22:42:00.000-08:00

2008-12-10T10:18:00.000-08:00

SPY is breaking out of its downtrendline. This looks to be quite bullish, however given the NYSE and IBM signal for a low at the end of Jan. I doubt spx will go far now.

2008-01-29T16:47:00.000-08:00

Singapore Dollar vs. US Dollar showing projected peak in July 2008.

As can be seen in the chart below, the forecast from the winter of 2007-2008 for the peak in the Singapore Dollar Vs. the USA in July 2008 was exactly correct.

2006-10-30T13:39:00.000-08:00

Martin Armstrong - Discoverer of the 8.6 Year Pi Business Cycle

NORTH AMERICA'S TOP ECONOMIST - EQUITY MAGAZINE - 1990

Discovered in the 1970's by dividing the number of major panics into a given time frame Armstrong's 8.6 year pi cycle (piX1000=3141 days or 8.6 years) has had many direct hits on various market indexes, commodities and currencies producing billions to one odds against it being just a meaningless coincidence. Similar to Benner's Cycle which is based around a 9 year cycle, Armstrong's cycle gives dates down to the day years and decades ahead of time, not just a yearly date as Benner's shows. Armstrong's is much more precise. So much so that the CIA and Chinese government tried to acquire his super-computer model after his amazing prediction of the crash of 1998 to the day. Mr. Armstrong has had his constitutional rights stripped from him, his constitutional right to a speedy trial has been taken away. The Justice System has imprisoned a great man while ingnoring the US Constitution!

Recent events in the world's stock markets show the accuracy of Armstrong's model, the markets sold off right on his forcasted date of Feb 27, 2007. He said in effect that everything would rise up into 2007 -including the stockmarkets, housing and especially hard assets like commodities. The fact that the hard assets peaked last spring (gold copper etc) shows that capital flows are currently focused on the stock markets world-wide and after this panic sell-off is finished it is likely that they will continue up and commodities should resume their bull market for the next major leg up - $100+ a barrel oil and Gold well over $2000 - even 3 or $4000 according to some estimates.
If you believe Timer's Digest top market timer Don Wolanchuk we will be entering into epicenter of primary wave 3 (in Elliot Wave terminology) that is going to take the Dow to 20,000 in the coming years, gold and commodities should keep moving up too.

My concern here is housing - if it keeps breaking down in mid 2009 as my own work is suggesting I am not sure how the stock market will stay strong, nonetheless the next major trough for the economy should be Martin's 2011 date. I think it possible that gold and commodities will go up into fall 2009, which would then lead to the 2011.45 trough, just as the year 2000 was the peak in the markets and led to the low a couple of years later.

2006-09-20T10:07:00.000-07:00

Martin Armstrong finally getting a trial after 7 years in an American Prison.

NORTH AMERICA'S TOP ECONOMIST EQUITY MAGAZINE - 1990

Is the reason Martin is in prison because as he says:"I know too much"- about all the crooked activity on the stock exchanges about which the government's regulatory bodies want the public to believe are all above board decent operations.

Or is there a darker reason Martin is in prison, one suggested publicly on the Yahoo Kondratyev forum by its owner - Eric Von Baranov who claimed a CIA insider of his acquaintance told him that "Martin Armstrong had to be stopped". Stopped at running an AI super-computer model with 32,000 variables for the purpose of predicting financial markets while managing several billion dollars. The same computer model by the way that the CIA and the Chinese government tried to acquire from Armstrong and were denied. The government was upset that Martin had 'X'ed out all his hard drives, but in light of the fact that the CIA tried to get his model from him, why wouldn't he X it all out, why should $60 Million dollars of programming and original thought be handed over to the US Government for free?

The same government that went against the original principle of Thomas Jefferson of not letting government create large debts. The debt is now over $8 Trillion and Bush signed a bill allowing them to take it up to 9 Trillion. The unfunded liabilities for pensions etc. are now about 50 Trillion dollars, this money will never be paid out. As Armstrong said, politicians are by and large a bunch of crooks. Modern Rome - the USA is now in the process of inflating the value of the dollar down in order a try and escape their liabilities. The original reason for rebelling against England over taxation without representation is now coming back to bite Americans. Did politicians ask Americans if they could borrow so much money through the bond markets that it would jeopardize the whole financial health of the country, potentially turning the USA into a bankrupt and ruined country as Rome was?

Is it a coincidence that several months after denying the CIA's request, Mr. Armstrong found himself being accused of stealing hundreds of millions of dollars (even though as he says, strangely there was not one wire transfer of the money into any of Armstrong's personal accounts).

The government claims Martin is hiding gold bars and a bust of Julius Caesar and so has him in the roughest prison with murders and drug dealers (unlike Martha Stewart's country home style confinement) on contempt, but as Mr. Armstrong says he could easily make several times that amount if he were free to do his business for the past half decade and more. He was the highest paid economist in the USA back in the 1980's and 1990's.

Is it a coincidence that shortly after Mr. Armstrong's detention, his banker Edmond Safra from Republic Bank was murdered in his Monaco Penthouse which had four machine gun equipped guards? Was Safra murdered because as Armstrong stated he was going to be testifying at Armstrong's hearing and some Russian Mafia that had done money laundering on Safra's watch decided not to risk Safra spilling the beans. Or, was Safra murdered because he knew what really happened at Republic Bank to the money Armstrong is being accused of mis-handling? We will never know, since dead men don't talk.

So much for Armstrong's constitutional right to a "speedy trial". The courts can obviously now do anything they want to. Perhaps that is why President George W. Bush said, "The constitution is just a piece of paper". Real power flows from the barrel of a gun as Mao Tse Tung said and all serious politicians know it.

Regardless of whether Martin Armstrong hid losses or not, his constitutional rights have been ignored as America drifts towards fascism as financial advisor James Dines has noted. All Americans should be alarmed at what is happening to their beloved country. They should be alarmed at a reactionary President that can tell a big lie (there were no weapons of mass destruction - the original excuse for invading a sovereign nation - Iraq) and then proceed to murder hundreds of thousands of innocent people at the same time proclaiming "GOD BLESS AMERICA". God has nothing to do with it and any God worth their salt must be totally disgusted at a hypocrite President using God's name in vain.

Distinguished thinkers like Gore Vidal warned back in early 2003 that invading Iraq would be a huge mistake, that it would be like stirring up a hornets nest. Now, Iraq is on the verge of a civil war as of mid September 2006 and the whole Muslim world is inflamed over the new Pope's quotation from a past Roman leader that the Muslim religion is evil. At this point in history it does not look too promising for peace between cultures on this sad little planet.

If readers have a look at Armstrong's article on the PrincetonEconomics blog (see link on main page) site about the monetary crisis in ancient Rome, they can get a sense of how history repeats, how bullies hide behind flags and destroy the civil liberties that once existed in past golden era's of a countries history. All these things have happened over and over in many civilizations of the past.

Apparently civilization's leaders never learn from history and are thereby condemned to live the lessons of the past over and over. China is now in the process of over-taking the USA economically, as James Dines has said: the 21st century belongs to China and the USA can be expected to become more and more desperate to hold onto past glory as the decades pass.

Interesting to note that recent historians now think one of the major factors in the collapse of the Roman Empire was being involved in wars against the Persian Empire - now Iran and Iraq etc. Emperor Busch (original German spelling) decided to continue the fight and go for that Black Gold - Texas Tea. Others have pointed out that major countries entering into civil wars and doing ground battles have found it futile many times in history... it is a recipe for disaster. Check out... http://www.truthdig.com/report/item/200601009_bushs_nuclear_apocalypse