Posts by Marc Nonnenkamp

Financial, Economic and Social Mood Update (June 1, 2024) Elliott Wave International of Atlanta, Georgia recently posted a video about the forces of deflation in Mainland China:  https://www.elliottwave.com/articles/real-estate-woes-and-price-deflation-hit-china-is-the-u-s-next/?rcn=240511freeez&utm_source=com&utm_medium=eml&utm_campaign=ar-frup&utm_content=frupbsrechn240507. The main American stock market indices (still driven by credit inflation and hyperinflation) reached nominal highs yet again on May 20, 2024 (the Dow Jones 30 Industrial Index = 40,077.40), on May 28, 2024 (the NASDAQ Composite Index = 17,032.66) and on May 23, 2024 (the Standard & Poors 500 Index = 5,341.88).  Credit inflation remains driven by the US Federal Reserve System and by other similar quasi-government central banks around the world – they are in fact privately owned and interest rates continue to remain artificially low.  Interest rates should be much higher than they are now to tame the hyperinflation which is rampant in the USA and in the lackey allied countries of the USA in the European Union, the European Free Trade Association, Canada, Israel, Australia, New Zealand, the Philippines and a few other more minor countries.  The situation in the aforementioned countries is not much different from what they were in the former eastern bloc prior to the collapse of the former Soviet Union in 1991.  Hyperinflation MUST be tamed to preserve whatever little is left of the purchasing power value of the fiat currencies in these most poorly governed countries. And the next stage of collapse after hyperinflation (deflation) has already reared its ferocious head in many other places around the world including right here in the USA – in fact in the most expensive real property market in the country which is the San Francisco, California Bay Area – specifically in the commercial property market in the City of San Francisco where at least two large office buildings were recently sold for an investor loss from…

Financial, Economic and Social Mood Update (May 1, 2024) The mainstream media tells no truth and continually spews lies about the economy of the west in general and the USA in particular being totally healthy.  On top of this the western countries led by the USA continue to pursue a demented and dangerous wish for a Third World War against most of the rest of the world led by the BRICS, the Shanghai Cooperation Organization and the Belt Road Initiative.  The imbalance between these two sides is huge – the west has something like 9 percent of the world’s population and 25 percent of its economic output (GDP) versus the remaining 91 percent and 75 percent, respectively. A recent “opinion” in Bloomberg news compared the west’s “war” against the rest of the world to J.R.R. Tolkien’s “Lord of the Rings” trilogy thus implying that the west was fighting on the side of righteousness against an evil power which seeks world domination.  This is not only incorrect (it is a lie) – it is also utterly dangerous in that it is provoking a Third World War. The legislative process in the western countries has become a complete farce and it is destroying their economies and currencies in real time.  The recent so-called “aid” package which passed the US House of Representatives with the support of 94 percent of the GOP and 55 percent of Democrats prints yet another USD $95 BILLION for the endless war in the Ukraine (which basically no longer exists as a country or as a demographic entity), in the Gaza Strip (which has been laid to waste and where the civilian population continues to be eliminated) and in Taiwan (where the west seeks to confront Mainland China).  The only “beneficiaries” of this huge sum of printed money…

Financial, Economic and Social Mood Update (April 1, 2024) The Dow Jones 30 Industrials Index hit a record nominal high of 39,889.05 and the NASDAQ Composite Index reached a record high of 15,538.86 on March 21, 2024.  The S&P 500 Index hit a record nominal of high 5,264.85 on March 28, 2024.  According to Elliott Wave technical analysis the stock market has never been so severely overly bullish or overbought.  Nicholas Gerli of Reventure Consulting (an excellent YouTube channel about real estate investing with 502,000 subscribers) says something similar with respect not just to stock prices but to real property prices as well.  Clayton & Natalie Morris (husband & wife veterans of Fox news) agree – their “Redacted” and “Morris Invest” channels have more than 2,547,000 subscribers.  Many huge market players such as Warren Buffett, Tim Cook and Jamie Dimon are selling their own shares to the point of bailing out of their companies.  Berkshire Hathaway (Warren Buffett’s holding company) is currently hoarding an unprecedented USD $157 BILLION in cash – this per Christopher Greene of AMTV (678,000 subscribers).  This video by Elliott Wave International of Atlanta, Georgia shows how many insiders are selling in a big way and how they are hoarding cash in anticipation of bad times ahead:  https://www.elliottwave.com/articles/stocks-what-to-make-of-all-this-insider-selling/?rcn=240327freeez&utm_source=com&utm_medium=eml&utm_campaign=ar-frup&utm_content=frupbsinsiderselling240321. The main topic of this month’s blog is the current state of global representative government, or democracy (or the lack thereof).  The topic of “democracy” has been over-used, abused and beaten to death by the so-called mainstream media.  The current administration in Washington, D.C. and its circa 40 lackey countries around the world enjoy standing upon a soapbox and lecturing the rest of the world about how to think, talk, act and vote.  In truth what they are doing has nothing to do with promoting freedom or democracy.  It…

Financial, Economic and Social Mood Update (March 1, 2024) The Dow Jones 30 Industrial Index hit a record nominal high of 39,282.28 on February 23, 2024 and the S&P 500 Index reached a nominal high of 5,140.33 on March 1, 2024.  The NASDAQ Composite Index also reached a record nominal high value of 16,302.24 on March 1, 2024.  According to Elliott Wave technical analysis the stock market has never been so severely overly bullish or overbought.  We can make the same statement for virtually all classes of assets including for real property.  The overall global stock market is 45 percent below its record nominal high from December of 2021, and the overall cryptocurrency market is 66 percent below its record nominal high from November of 2021.  We are witnessing nominal & real bear market retracement – this is not a real bull market.  Never forget for one moment that our nominal fiat currencies have become so decimated – i.e. in real terms we are much less affluent today than we were in the past.  Some billionaires and millionaires at the very top (but not all of them – not all of them are dishonest) are getting ever richer and more powerful……………….in particular those on the side of the World Economic Forum (WEF) led by Klaus Schwab in Switzerland who controls most western governments and the all-powerful investment banking trio of Blackrock, Vanguard and State Street who in turn control the all-important corrupt industries of investment banking (the business of robbing us blind), defense (endless wars) and big pharma (the business of poisoning us).  These 3 all-powerful and corrupt investment banks are literally in the process of trying to buy up every asset on earth.  They already own and control 55 percent of publicly held corporations on the planet and are…

Financial, Economic and Social Mood Update (February 1, 2024) The Dow Jones 30 Industrial Index hit a record nominal high of 38,588.86 on January 31, 2024 and the S&P 500 Index reached a nominal high of 4,931.09 on January 30, 2024.  According to Elliott Wave technical analysis the stock market has never been so severely overly bullish or overbought.  We can make the same statement for virtually all classes of assets including for real property.  The cryptocurrency market is performing no differently from the rest of the market – it is very closely correlated with the overall asset market.  In fact the cryptocurrency market is even more closely correlated with the overall global stock market, which hit a nominal peak about two years ago toward the end of 2021.  The overall global stock market is 48 percent below its record nominal high from December of 2021, and the overall cryptocurrency market is 76 percent below its record nominal high from November of 2021.  We are witnessing nominal & real bear market retracement – this is not a real bull market. The following video from Elliott Wave International of Atlanta (less than 4 minutes long) articulates the problem we have today where too much real estate is owned not by homeowners, but by so-called “investors.”  When too much property is owned by the latter, the real estate market behaves and performs like the stock market – in other words, it is subject to boom and bust which can destroy values for many homeowners:  https://www.elliottwave.com/articles/u-s-real-estate-a-24-problem/?utm_source=com&utm_medium=eml&utm_campaign=ar-frup&utm_content=frupbsrealestate240104. The following excellent video interview of retired US Army Colonel Douglas MacGregor by Judge Andrew Napolitano (34 minutes long) clearly illustrates how the western world order led by the USA and its lackeys in Europe, North America, Israel, Japan, South Korea, Taiwan and the Philippines is on…

Financial, Economic and Social Mood Update (January 1, 2024) The Dow Jones 30 Industrial Index hit a record nominal high of 37,778.85 on December 28, 2023.  According to Elliott Wave technical analysis the stock market has never been so severely overly bullish or overbought.  We can make the same statement for virtually all classes of assets including for real property (note the new video link below by Nicholas Gerli of Reventure Consulting).  The cryptocurrency market is performing no differently from the rest of the market – it is very closely correlated with the overall asset market.  In fact the cryptocurrency market is even more closely correlated with the overall global stock market, which hit a nominal peak about two years ago toward the end of 2021.  The overall global stock market is in fact still 48 percent below its record nominal high from December of 2021, and the overall cryptocurrency market is still 76 percent below its record nominal high from November of 2021.  We are witnessing nominal & real bear market retracement – this is not a real bull market. The three largest mega investment banks of Blackrock, Vanguard and State Street own fully 80 percent of the S&P 500 corporations and 60 percent of American real estate (commercial and residential real property). The effects of the global pandemic hyperinflation are also not leaving us.  The overall cost of living has more than doubled in just two short years.  In the USA, fully 78 percent of families rent their residences as opposed to own them or owe a mortgage on them.  More than 8.2 percent of the American population is comprised of illegal migrants – one out of every 12 people now in the United States of America.  All of the above trends represent a very real and present…

Financial, Economic and Social Mood Update (December 1, 2023) The so-called “mainstream media” says almost nothing about it, but the old order as we have known it is now in the process of crumbling to the ground.  If the powers-that-be tell us something, we can be assured that the actual truth is the opposite of what they say.  We are told that the economy is doing well.  It is not.  We are told that the labor market is strong and robust.  It is not.  The cost of living has been inflated due to the central banking system creating “credit” out of thin air, and due to governments (especially in the USA) spending money which does not exist.  The levels of debt of all types which now exist are beyond anything ever seen in recorded history.  The same is true for prices – especially for asset prices of all types of assets.  The cost of borrowing cannot and will not go down until this debt disappears, and that will be utterly difficult as “deflation” is historically even more painful and destructive compared to “inflation.”  Elliott Wave International recently posted two (2) good articles / videos about historical interest rates.  The first video discusses the cost of borrowing (i.e. interest rates) going back 5,000 years:  https://www.elliottwave.com/Interest-Rates/Interest-Rates-What-a-5000-Year-Chart-Suggests-is-Next?utm_source=com&utm_medium=eml&utm_campaign=ar-frup&utm_content=frupbsinterestrates231116. The second video discusses the cost of borrowing going back 700 years:  https://www.elliottwave.com/Social-Mood/Mood-Riffs-Interest-Rates-from-1300s-Through-Today-What-History-Teaches-Us?rcn=231119socez&utm_source=com&utm_medium=eml&utm_campaign=ar-frup&utm_content=231119socez. Endless War Just as the old Roman Empire fell, so will every empire eventually fall.  We are witnessing this collapse in real time in the USA and with its “military industrial” complex in the form of the so-called “North Atlantic Treaty Organization” (NATO).  The old Austro-Hungarian Empire (1867-1918) was itself a successor state to the “Holy Roman Empire of the German Nation” (800-1806) – which was itself an attempt to restore old Rome…