Friday, May 26, 2017

Bitcoin Bubble │ Re-Emerging Asian Fever

Source: CryptoCompare BTC/USD Index
Continuing its stellar rise, and adding more than 30% to its value in just a week, on May 25 (Thu) one Bitcoin was worth USD 2,768.32, way over twice as much as one ounce of gold. After crashing more than USD 500 from its intraday highs in less then 9 hours (-18.6%), Bitcoin has bounced back USD 300 off its intraday lows extending gains into what is likely to be another frenetic Asian session. While there are numerous drivers of the recent action, 'scaling' and 'asian fever' are the greatest factors with Japanese and Korean premia exploding.

Bitcoin has risen 170% over the last three months to reach a capitalisation of USD 40 billion according to the CryptoCompare BTC/USD Index, Ethereum too has seen its market capitalisation jump 330% in the past three months to reach USD 20bn according to the CryptoCompare BTC/ETH Index. It is Japan, Korea and Asian interest that is causing the price to rise and dragging up Western prices on the back of regulatory moves as well as scaling. This is the total market capitalization of all cryptocurrencies:  

Source: CryptoCurrency Market Capitalizations

To date that has mostly meant Bitcoin, but over the last two months Bitcoin’s share of cryptocurrency capitalization has actually plummeted to less than 50%, thanks to the sharp rise of Ethereum and Ripple in particular: 

Source: CryptoCurrency Market Capitalizations

This news is the latest bit of good news for the Bitcoin: 

Wednesday, May 24, 2017

US Public Pensions System | Insolvent to the Core

True Economics (May 22, 2017) - A truly worrying view of the U.S. public sector pensions deficits has been revealed in a new study by Joshua D. Raugh for Hoover Institution. Titled “Hidden Debt, Hidden Deficits” the study opens up with a dire warning we all have been aware of for some years now: “Most state and local governments in the United States offer retirement benefits to their employees in the form of guaranteed pensions. To fund these promises, the governments contribute taxpayer money to public systems. Even under states’ own disclosures and optimistic assumptions about future investment returns, assets in the pension systems will be insufficient to pay for the pensions of current public employees and retirees. Taxpayer resources will eventually have to make up the difference.

Some details: “most public pension systems across the United States still calculate both their pension costs and liabilities under the assumption that their contributed assets will achieve returns of 7.5–8 percent per year. This practice obscures the true extent of public sector liabilities.” In other words, public pension funds produce outright lies when it comes to the investment returns they promise to generate. This, in turn, generates delayed liabilities that are carried into the future, when realised returns come in at some 3-4 percent per annum, instead of promised 7.5-8 percent.

How big is the hole? “In aggregate, the 564 state and local systems in the United States covered in this study reported $1.191 trillion in unfunded pension liabilities (net pension liabilities) under GASB 67 in FY 2014. This reflects total pension liabilities of $4.798 trillion and total pension assets (or fiduciary net position) of $3.607 trillion.” This accounts for roughly 97% of all public pension funds in the U.S. Taking into the account the pension funds’ penchant for manipulating (in their favor) the discount rates, the unfunded public sector pensions liabilities rise to $4.738 trillion [...]
What is in fact going on is that the governments are borrowing from workers and promising to repay that debt when they retire. The accounting standards allow the bulk of this debt to go unreported due to the assumption of high rates of return.


Tuesday, May 23, 2017

Revenue Streams of the Five Largest Tech Companies

Source: Visual Capitalist.

History of US Unemployment Rate

Source: Joseph Lavorgna, Deutsche Bank.

Geometry of Infinite Mind | Ernest Emery Richards

Ernest Emery Richards (1990) - All life on Earth has developed under the influence of this geomagnetic field which varies in structure and dynamic properties via geomagnetic pulsations. These pulsations are due to the interaction of the plasma waves coming from throughout the Solar System and Cosmos and interacting with the Earth's magnetosphere.

Solar System and Brainwave Frequencies.

When our brain and body rhythms are measured electromagnetically, they are found to occur prominently within what is termed the ELF (extremely low frequency) spectrum and lower. This brainwave spectrum is also divided into band segments, called the alpha (greatest amplitude)(8 to 16 Hz.), beta (16 to 32 Hz.), theta (4 to 8 Hz.), delta (2 to 4 Hz.), and zeta (1 to 2 Hz.), ranging from 32 cycles per second (Hertz) and down below 1 cps (Hz.).

Earth Frequencies.
The measurable presence of these different frequencies seems to indicate changes in individual consciousness. An example might be that a relaxed, attentive state develops strong alpha wave rhythms; these are also the prominent Earth resonant frequency ranges. The theta rhythms are found to occur during the dream period, and also while experiencing a spontaneous creative, intuitive state. The theta frequencies are seen to have strong lunar rhythm harmonics. The Moon has long been associated with our intuitive, creative capacity.

When calculations are performed related to the solar system and the planets, it is found that all of the planets and most of their moons have frequency aspects which fall within our brainwave spectrum. All of the planetary systems have electromagnetic field structures and prominent magnetospheric frequencies. Our home solar system forms a complex, harmonically interrelating, multi-octave musical instrument composed of over forty octaves of vibrational interplay. Your brain/body structure resonates to those continually fluctuating field patterns as they beat against the Earth's, Moon's, and Sun's natural rhythms.

[...] The Earth sets up a pattern of electromagnetic vibrations between its circumference frequency, around 7.5 Hertz (cycles per second) and its radius frequency of 47 Hertz (Hz.). The atmospheric cavity Schumann Resonance spectrum has been measured via electronic detection instruments. This Schumann Resonance, which occurs within the Earth and its surrounding energy field, has immediate impact upon planetary life-forms. When we measure our own brainwave electromagnetic signals, we see displayed these very same Earth vibrations. Since the Earth is very much alive vibrationally, these electromagnetic signals are continually changing and interacting.

Sunday, May 21, 2017

Telepathy on a Global Scale │ Michael Persinger

No more secrets.” (HERE)
Suppose you had access to every person’s brain, and they had access to yours?” asks Dr. Michael Persinger (HERE), cognitive neuroscientist and professor at Laurentian University in Ontario. Dr. Persinger is convinced that this is not only possible but is immanent in the coming future. His pioneering research (HERE) shows a strong correlation between the Earth’s magnetic field and the human brain: Very small changes in the activity of the Earth’s magnetic field due to alterations in solar activity can affect all human beings. These direct effects are primarily upon the subtle but complex electromagnetic fields that interact with everyone’s consciousness due to the marked similarity of the characteristics of our brains and our genetic history. This creates the potential for the function of every person’s brain activity to be changed without their awareness. If Michael Persinger is correct, the Earth’s magnetic field is constantly interfacing with our own brains in such a manner as to influence our thoughts, emotions and behaviors. This interface, however, seems to have another effect: Dr. Persinger’s research seems to indicate that the geomagnetic field can store and transmit all the information of every human brain in history. And if this informational reservoir can be tapped into, there will be no more secrets.

Monday, May 15, 2017

Japan's Shrinking Work Force | 1970 - 2065

Japan's working-age population peaked in 1995 at 87 million and has been falling ever since.
The government expects it to fall to 76 million this year and to 45 million by 2065.
Source: Reuters.

Tuesday, May 9, 2017

A Demographic Theory of War | Gunnar Heinsohn's Youth Bulge Options

Today approximately 44 percent of the world’s 7.2 billion people are under 24 years old - and 26 percent are under 14. A staggering 82 percent live in less developed regions of the world – primarily sub-Saharan Africa and Asia. Currently, the global median age is 29.2 years, a sharp contrast to Europe, for example, where the median age is 41. Of the 20 states with the lowest median ages worldwide, 18 are in sub-Saharan Africa. The UN predicts that the median age will rise to 42 years by the century’s end, and with it the world’s population will increase to 10.9 billion people. Developing and least developed countries have the highest fertility rates and many are expected to triple in population by 2100. The populations of Burkina Faso, Malawi, Niger, Mali, Somalia, Uganda, Tanzania and Zambia are predicted to increase by 500%. In these countries demographic pressure is already responsible for food scarcity, water scarcity, malnutrition, and disease. 

The Youth Bulge Theory attempts to explain and to predict social conflict, migration, conquest and war, and was first introduced by the CIA in 1995 (The Demographic Backdrop to Ethnic Conflict: A Geographic Overview). Youth bulge specifically refers to a disproportionate percentage of a state population being between the ages of 15 and 24 years old. But the main point of the Youth Bulge Theory is that an excess in especially young adult male population predictably leads to social unrest, war and terrorism, as the third and fourth sons that find no prestigious positions in their existing societies rationalize their impetus to compete by religion or political ideology. 

In his study Söhne und Weltmacht (Sons and World Power: Terror in the Rise and Fall of Nations; 2003) German genocide expert Gunnar Heinsohn investigated family size in various societies in relation to the frequency of violent conflict since 1500 A.D. He concluded, that the presence of large numbers of young men in nations that have experienced population explosions — all searching for respect, work, sex and meaning — tend to turn into violent countries and become involved in wars. Heinsohn’s demographic materialism is not concerned with the absolute size of populations, but rather with the share of teenagers and young men. If the population under the age of 20 becomes 40% or more compared to the total, society is facing a youth bulge. Serious problems start when families begin to produce three, four or more sons.  Faced with limited resources, the surplus sons' competition for power and prestige does only leave six options: #1 Violent Crime, #2 Civil War, #3 Revolution, #4 Emigration, #5 Genocide, and #6 War of Conquest or Colonization.  
This is a man's world:
Somali surplus sons warming up for option #2.
Youth bulge can be seen as one factor among many in explaining social unrest and uprisings in society. But Heinsohn essentially claims that most historical periods of social unrest are lacking external triggers (such as rapid climatic changes or other catastrophic changes of the environment). Even most genocides can be readily explained as a result of a built-up youth bulge, including European colonialism, 20th-century fascism, the rise of Communism during the Cold War, the Arab Spring, and ongoing conflicts such as in Somalia, South Sudan, Central African Republic or in Mali. Since more than a decade Heinsohn keeps warning Western politicians about the too many angry young men outside the Euro-American world today — above all, too many Muslim young men in the Middle East and Sub-Saharan Africa. He considers them one of the principal threats to the West in the first quarter of the 21st century, and illustrates this also in the recent examples of Afghanistan and Iraq: Since 1950, Iraqi fathers of all ethnic and religious groups have sired, on the average, three to four sons. They produced a youth bulge. Saddam Hussein canalized this youth bulge in the options #4 to #6 (genocide, war of conquest, numerous Iraqis went into exile). Following Saddam's removal from power the competition for positions of power was transformed into a civil war (option #2) that is being driven by a massive wave of sons. It may not be easy to recognize the current violence as a civil war, because the Americans and their allies are fighting on one of the sides. But the fact that this was a civil war would become clear through its continuation once the US at her allies withdraw. The same phenomenon could be seen — according to Heinsohn in Afghanistan (see video clip HERE) where the enormous surplus of sons could never be absorbed, in spite of the recruitment of large numbers of police and military personnel. War would therefore inevitably continue in one way or another even after the withdrawal of Western troops.

Friday, May 5, 2017

SPX vs Jupiter – Saturn Cycle | May 2017

Upcoming Turn-Days: May 13 (Sat), May 24 (Wed), May 31 (Wed), Jun 08 (Thu).

SPX vs 24th Harmonic of Mercury's Right Ascension | May 2017

Upcoming Turn-Days:
May 12 (Fri), May 17 (Wed), May 21 (Sun), May 24 (Wed), May 27 (Sat), May 30 (Tue), Jun 02 (Fri).

Tuesday, May 2, 2017

SPX vs Cosmic Cluster Days | May 2017

Upcoming Cosmic Cluster Days (CCDs) are: 
May 02 (Tue), May 08 (Mon), May 12 (Fri), May 16 (Tue), May 25 (Thu), Jun 01 (Thu).
Previous CCDs HERE

Monday, May 1, 2017

SPX vs Declination of Mercury and Venus Parallel | May 2017

No Mercury-Venus parallels this month.
However, the Mercury declination high on May 09 (Tue) is a potential market turn day.

Saturday, April 8, 2017

Trump in Syria │ Reckless Continuation of Deep State and Swamp Agenda

As the Real Donald increasingly gets in line with former President
Barack Obama’s ziocon, pro-Saudi, strongly fundamentalist-Sunni,
anti-Shiite (especially anti-Iranian), and anti-Russian attitudes,
warmongers and interventionists like CNN's Fareed Zakaria start
cheering for him.
Tony Cartalucci (Apr 7, 2017) - Upward to 60 cruise missiles fired by the US military struck a Syrian military air base near Homs – which currently constitutes the front line between Syrian Arab Army forces and multiple US State Department designated terrorist organizations, including Al Nusra and the self-proclaimed "Islamic State." The strike was allegedly carried out as retaliation for a supposed "chemical weapons attack" near the northern Syrian city of Idlib, which currently serves as the de facto capital of Al Qaeda forces remaining in Syria.

[...] With US policy collapsing both within Syria and around the world, the veneer of partisan politics and convincing narratives used to convince Americans and the world that some sort of legitimate representative government exists in Washington has been peeled away. What is left is a dangerously desperate corporate-financier oligarchy who is pursuing its agenda openly and with little regard to public opinion, international law, or even fear of the consequences of executing such poorly laid plans in front of an increasingly aware and capable alternative "international order".

RT (Apr 7, 2017) - Back in 2013, Donald Trump, who was a real estate mogul and reality TV star before becoming president, strongly and repeatedly opposed then-President Barak Obama’s intention to go into war with Syria after chemical attacks were blamed on Syrian government troops. The escalation was defused at the time when the Syrian government gave up its chemical munitions stockpiles, and Obama backed down. The cost of the strike on the Syrian military airbase, which was ordered without Congressional approval, is estimated to be between USD 30 million and USD 100 million, depending on which modification of the Tomahawk cruise missile was used.

RT (Apr 7, 2017) - Once- dedicated passengers are now disembarking the ‘Trump Train’ following his administration’s actions against Syria. Previous supporters including Paul Joseph Watson and Laura Ingraham made public their opposition to the US president’s missile strike. Infowars Editor-At-Large Watson tweeted that Donald Trump “wasn’t 'Putin’s puppet' after all,” describing him as “another deep state/Neo-Con puppet.”

RusVesna (Apr 7, 2017) -  According to experts, the total damage of the missile strike was no more than 3-5 million US dollars. At the same time, by using not so tricky math, it is clear that for recycling such old Syrian equipment the US Army lost around 90 million US dollars [...] out of the 59 missiles launched, only every fourth reached its target. Only 23 to 26 missiles fell in the vicinity of the Shayrat airfield itself. It is unlikely that these results will please American taxpayers. Despite the beautiful pictures in the media, from a military standpoint  and in the context of damage to the Syrian army’s military infrastructure, the result of this strike is, at best, laughable. From an economic standpoint, in terms of corresponding losses and the damage struck, the American side has a fiasco on its hands.

The Saker (Apr 7, 2017) - So now we finally have the answer to the key question whether Trump was for real of a fake: he has just ordered a cruise missile attack on Syria. Words fail me to express my total disgust with Trump. All I will say is this: this is a moment as crucial as the US/NATO aggression against Yugoslavia in 1999. When that happened, Evgenii Primakov, then Prime Minister of Russia, who was in an aircraft on the way to an official visit to Washington DC, ordered his pilot to turn around. Russia needs to cancel the planned visit of Rex Tillerson to Moscow scheduled for April 11-12. This is not a time for business as usual. There can be no excuses.

IMF explains how to subvert Public Resistance against Elimination of Cash

Norbert Häring (Apr 5, 2017) - The International Monetary Fund (IMF) in Washington has published a Working Paper on “de-cashing”. It gives advice to governments who want to abolish cash against the will of their citizenry. Move slowly, start with harmless seeming measures, is part of that advice. In “The Macroeconomics of De-Cashing”, IMF-Analyst Alexei Kireyev recommends in his conclusions:
Although some countries most likely will de-cash in a few years, going completely cashless should be phased in steps. The de-cashing process could build on the initial and largely uncontested steps, such as the phasing out of large denomination bills, the placement of ceilings on cash transactions, and the reporting of cash moves across the borders. Further steps could include creating economic incentives to reduce the use of cash in transactions, simplifying the opening and use of transferrable deposits, and further computerizing the financial system.
The private sector led de-cashing seems preferable to the public sector led decashing. The former seems almost entirely benign (e.g., more use of mobile phones to pay for coffee), but still needs policy adaptation. The latter seems more questionable, and people may have valid objections to it. De-cashing of either kind leaves both individuals and states more vulnerable to disruptions, ranging from power outages to hacks to cyberwarfare. In any case, the tempting attempts to impose de-cashing by a decree should be avoided, given the popular personal attachment to cash. A targeted outreach program is needed to alleviate suspicions related to de-cashing; in particular, that by de-cashing the authorities are trying to control all aspects of peoples’ lives, including their use of money, or push personal savings into banks. The de-cashing process would acquire more traction if it were based on individual consumer choice and cost-benefits considerations.

Note, that the author is not talking about unreasonable objections and imagined disadvantages: He does count it among the advantages of de-cashing in the very next paragraph that personal savings are pushed into banks and he also does count total control of all aspects of financial life under the pros, as in the last sentence of the last quote below.
As de-cashing gives incentives to economies’ agents to convert their currency in bank deposits, the deposit base of the banking system will increase, which can help reduce the lending rates and expand credit.
And finally the advice to do it together:
Coordinated efforts on de-cashing could help enhance its positive effects and reduce potential costs. At least at the level of major countries and their currencies, the authorities could coordinate their de-cashing efforts. Such coordinated efforts are, in particular, important in the decisions to phase out large denomination bills for all major currencies, to use ceilings and other restrictions on cash transactions, and to introduce the reporting requirements for cash transactions or their taxation. For currency areas, a single decashing policy would be clearly preferable to a national one. Finally, consensus between the public and the private sector and outreach on the advantages and modalities of gradual decashing should be viewed as key preconditions for its success.
The paper itself is an example of such “outreach on the advantages” even though it pretends to give a balanced account . Throughout, as in the following paragraph, potential disadvantages of cash are in the indicative and strongly worded, advantages are introduced a hypothetical, by referring to the possibility that people may perceive a certain advantage of cash.
The differences between currency and transferrable deposits are also remarkable. They are often used by both sides of the debate on the pros and cons of decashing. First, currency can become technically obsolete. Banknotes fade and break, and the efforts to remedy the problem with plastics is of little help and involve unneeded costs. Transferrable deposits do not have this problem. Second, payments with currency are anonymous, which makes them a popular vehicle for abuse, tax avoidance, terrorism financing, and money laundering. Transferrable deposits are personified and generally cannot be used for these purposes. Third, currency is prone to counterfeiting, at times on a large scale. Transferrable deposits are not. Fourth, currency is often perceived as a means to preserve privacy, i.e., economic operators generally are not interested in the history of the currency of their transaction. Also, the individual right for privacy is usually enshrined in laws and transferrable deposits store each step of the payment history, which can be viewed as a threat to privacy. Transferrable deposits lead to full transparency, at least to the issuing bank, and a complete record of transactions, which in virtue of law can be used by tax and law enforcement authorities.
The paper lists a fair number of advantages and disadvantages of cash, but makes no explicit attempt to argue that overall the disadvantages are more important. The language and the recommendations make the bias more than clear, though. Needless to say that, as with all scandalous, antidemocratic recommendations, the ones described here are officially only those of the author, not of the IMF.

Friday, April 7, 2017

People as Commodity │ Migrant Smuggling into the EU

Europol’s Serious and Organised Crime Threat Assessment 2017 warns the migrant smuggling business has become a "large, profitable and sophisticated criminal market, comparable to the European drug markets", as continuing conflicts and economic pressures in Africa and the Middle East continue to act as push factors for irregular migrants traveling to the EU. Smuggling services and the trafficking of human beings generate the largest numbers of organized crime gangs and continue to generate the greatest profits among the various criminal markets, generating an estimated EUR 4.7 billion to EUR 5.7 billion at the height of the refugee crisis in 2015. More than 510,000 illegal border crossings between border-crossing points at the external border of the EU were registered in 2016, with nearly all of the irregular migrants arriving in the EU along these routes using the services offered by criminal networks at some point during their journeys. More than 5,000 international organised crime groups are currently under investigation in the EU, state the findings, with a sharp increase in the proportion of gangs involved in more than one criminal activity — at 45 per cent now compared to 33 per cent in 2013.

Roberto Saviano exposed the Neapolitan Mafia more than 10 years ago in his book ‘Gomorrah. In a recent interview he explained: "All the boats that are crossing the Mediterranean are managed by the cartels – but not by the Italian cartels like everyone thinks. The Mafia doesn’t have a say in this. They are Turkish, Libyan and Lebanese groups that have always invested in people smuggling and Europe has not the faintest idea of this dynamic. The cartels that managed the arrivals of the Syrians in Europe are all Turkish mafia and it’s the same Mafia that manages heroin from Afghanistan. IS, the Caliphate, for example, has three primary sources of profit, all from criminal activity: racketeering, petrol smuggling and art smuggling. The fourth is drugs – Captagon which is a meta-amphetamine or marijuana that IS cultivates in Albania. We choose not to have a deeper understanding of the situation and retain a superficial reading of it – that there’s a clash of civilisations, when in fact we are dealing with a clash between criminal groups."

Wednesday, April 5, 2017

Why Amish do not Pay Social Security Taxes │ Martin Armstrong

Martin Armstrong (Apr 5, 2017) -  In 1935, Roosevelt introduced “The Social Security Act” which passed Congress. However, the act was described “Old Age, Survivors, and Disability Insurance.” At first, the Act covered only industry and commerce. It was later extended to include farm operators in 1955. The SS tax was to be at the rate of 3% of income up to an established limit.

The Amish pay taxes because the Bible said: “paying unto Caesar what is Caesar’s.” It was in 1956 that the IRS went to tell the Amish they were now under Social Security and they would have to pay. One Amishman was quoted in a November 1962 Reader’s Digest article: “Allowing our members to shift their interdependence on each other to dependence upon any outside source would inevitably lead to the breakup of our order.” The constitutional question that has never been decided, what happens when the taxing power of government violates the First Amendment and Freedom of Religion? It clearly states: “Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof …” 

Then Jefferson wrote in 1802 to the Baptists of Danbury, Connecticut, that there should be “a wall of separation between church and state.” They feared that a minority religion could be subjugated by the Federal Government acknowledging a national religion. The Johnson Amendment, named for Lyndon Johnson, is a provision in the U.S. tax code that prohibits all 501(c)(3) non-profit organizations from endorsing or opposing political candidates. If churches involve themselves in politics, then indeed that creates a reverse problem where the state can be taken over by one religion and oppress all others; so it can go both ways. Historically, religions have often seized governments and outlawed all other religions.In this instance concerning taxation in direct conflict with religion, a group of Amish presented a petition to Congress, with 14,000 signatures. Naturally, Congress ignored them. The Amish reasonably questioned what possible harm they could do by not paying into Social Security. “We do not want to be burdensome, but we do not want to lose our birthright to everlasting glory, therefore we must do all we can to live our faith!” 

The IRS moved to go after the Amish and seize their bank accounts. The problem was – they had none! The IRS then sought to go after anyone buying milk from the Amish and attach their payments to divert them to the IRS. Most simply refused for such a scheme would happen just once and end the business. The IRS, refusing to consider any religious principle, moved in to seize property. In this case of the Amish, that meant cows and horses. They would rather have the Amish die than respect anyone’s rights to religion. Valentine Byler of the Amish community in Pennsylvania, owed four years of IRS taxes. The IRS, of course, tacked on interest and penalties to raise it up to $308.96. Byler argued his religion forbid paying insurance. The IRS said that was a “technicality” and that it was really just a tax. Vyler has no bank account to seize so they issued a summons to appear in court for a charge of contempt. The judge in Federal District Court in Pittsburgh, Pennsylvania, according to a Reader’s Digest article, “angrily demanded of the IRS agents, ‘Don’t you have anything better to do than to take a peaceful man off his farm and drag him into court?’” The Judge then dismissed the case. The IRS never gives up. The IRS had to issue a statement on April 18, 1961 in which they said: Since Mr. Byler had no bank account against which to levy for the tax due, it was decided as a last desperate measure to resort to seizure and sale of personal property. The IRS seized three of Byler’s six horses while he was actually plowing the ground for the spring planting. The IRS then sold the three horses at auction on May 1, 1961 getting $460. They then used this to satisfy the $308.96 and then charged him $113.15 in expenses and graciously returned $37.89. The incident made national news and was being used by the Communists to show how capitalism was ruthless. The New York Herald Tribune, reported the story with the bold headline: “Welfarism Gone Mad.”

The IRS Chief of Collections was forced to respond claiming he was unaware of the plowing situation. “Plowing never occurred to me. I live in an apartment.” To show the mentality of those who are bureaucrats, he then said: “We don’t ask people their race or religion when we administer the tax laws. People have no right to use their religion as an excuse not to pay taxes.” The IRS was then compelled to issue a press release in 1961, stating the Amish stance that “Social Security payments, in their opinion, are insurance premiums and not taxes. They, therefore, will not pay the ‘premium’ nor accept any of the benefits.” The Amish met with the IRS Commissioner in September, 1961 in Washington, DC, They cited several Bible passages, including I Timothy 5:8, which says, “But if any provide not for his own, and especially for those of his own house, he hath denied the faith and is worse than an infidel.” 

The public outrage at the conduct of the IRS was international. The Amish argued they were entitled to an exemption based on the First Amendment. The IRS agreed it would stop further seizures until the case was settled. Now, senators promised to try to pass a bill in Congress and everything stopped. The Amish hired a lawyer to challenge this conflict between the taxing power and the First Amendment. However, as the court date approached, they realized if they lost in court, it was over. They then looked to Congress to pursue a legislative exemption. Finally, in 1965, the Medicare bill was passed by Congress. Congress realized that if the Amish went to court and won, then others could challenge the right to tax conflicting with the First Amendment. Congress quietly put in on page 138 a clause exempting the Old Order Amish, and any other religious sect who conscientiously objected to insurance, from paying Social Security payments, providing that sect had been in existence since December 31, 1950. The Senate approved in July, and President Lyndon B. Johnson signed it into law on August 13, 1965.

The open question remains simply this; the first explicit references to the tithe appear in Genesis 14, where Abraham tithes to Melchizedek, and in Genesis 28, where Jacob promises to give God “a full tenth.” But where did the idea to tithe come from? Many argue Abraham and Jacob were simply following the customs of the surrounding nations. But Scripture points in a different direction. In Genesis26:5, God says, “Abraham obeyed my voice and kept my charge, my commandments, my statutes, and my laws.” In the New Testament, Jesus upholds the tithe in Matthew 23:23 (cf. Luke11:42). He condemns the Pharisees for their tedious commitment to one part of God’s law, the tithe, while neglecting “the weightier matters of justice, mercy, and faithfulness.” Then he states, “These you ought to have done, without neglecting the others.

One of the Five Pillars of Islam, zakat is a religious obligation for all Muslims who meet the necessary criteria of wealth. This too is not a charitable contribution, but is considered to be an obligatory tax or  alms. The payment and disputes on zakat have also been controversial in the history of Islam. The zakat is based on income and the value of all of one’s possessions or property. It has been traditionally set at 2.5% above a minimum amount known as nisab, which has also been greatly debated.

In Judaeo-Christianity, the “tithe” was a one tenth of annual produce or earnings, formerly taken as a tax for the support of the church and clergy in Christianity. The question is, does exceeding the level prescribed as a “tithe” violate the First Amendment? If true, then any income tax imposed beyond 10% would violate the First Amendment. Since the Ten Commandments also prohibits coveting anything that belonged to a neighbor including his wife or property, it would appear that Socialism championed by Karl Marx violates the First Amendment and any tax should not exceed 10%. Hence, progressive taxation would be unconstitutional if not a flat tax. Some argue it also violates Equal Protection of the laws. The Tax at the time of Jesus’s statement of give to Caesar what is Caesar’s, was less than 5%. Historically during the Roman Republic, the tax imposed was 1%. During time of war, the taxes would rise to 3%. Ever since Karl Marx, who said religion is the opium of the masses, politicians have loved Marxism and used it to exploit the people to the point governments are averaging now 40% of the entire economy. They have outpaced all other businesses beating the bankers and multinational corporations. They have become the 800 pound gorilla in the corner of the room nobody notices is even there. Politicians always preach against the “rich” which increases the wealth of government [...]

Tuesday, April 4, 2017

SPX vs 4.5 Degree Steps of Uranus from 2009 Low

On April 5, 2017 (Wed) Uranus will have moved 31.5 degrees of heliocentric longitude
since the major low in the SPX on March 6, 2009 (Fri).

Sunday, April 2, 2017

The Sun’s Wobbles and the Earth’s Spiral Path

Figure 1 and Figure 2 (Enlarge)
Will J.R. Alexander et al. (2007) - Conventional illustrations show the Earth orbiting around a static Sun. This is misleading. First, the Sun wobbles through a tube of space and not along a smooth path at a constant velocity. Second, the Earth orbits the Solar System’s Center of Mass (SSCM) and not the Sun’s Center of Mass. The Earth therefore follows a spiral path as it moves through space. This is illustrated in Figure 1. (It is important to note that the scales in the figures 1 and 2 are highly compressed so that they can fit.)

The tube in the middle represents the volume of space that the Sun revolves in and is about 3.7 * 10^6 km in diameter. The ecliptic plane is at a 45° angle to the line of movement. The Earth to Sun distance (the chord length) varies, depending on where the Sun is located in the tube. While the paths of the Sun and the Earth are closely linked as they move through space, the changing relative positions result in corresponding changes in the distance between them.

Figure 2 shows the path of the combined Center of Mass of the four major planets, Jupiter, Saturn, Uranus and Neptune, relative to the SSCM for the period 1978–2006. Visualize the three-dimensional view of this figure with the orbit path spiraling towards the viewer. Starting in 1978, the orbit maintains a nearly constant distance from the SSCM. In 1985 the orbit starts moving closer to the central point occupied by the SSCM. It swings around the SSCM, reaching its closest position in 1990. It then spirals away from the SSCM until 1994. From 1995 through to 2000 there is little change in the displacement from the SSCM. From 2001 through to 2006 it makes another approach to the SSCM. As can be seen, these changes are not regular in time. They were relatively unchanged from 1979 to 1985, and again from 1995 to 2000. They changed rapidly from 1986 through to 1994, when they closely orbited the SSCM.

The Sun follows a weighted reciprocal path but its Center of Mass is much closer to the SSCM. It also accelerates and decelerates synchronously but moves in the opposite direction in order to maintain the system in equilibrium. The Sunspot minima occurred in 1986, 1996 and 2006. The compass points on the figure are for reference purposes only. Note that the Sunspot minima of 1986 and 1996 both occurred in the SW quadrant of the figure, and that of 2006 in the NW quadrant when viewed from a position ahead of the approaching Solar System. This is in an anticlockwise direction relative to the forward clockwise movement of the spiral paths about the SSCM followed by the orbiting components of the Solar System. The angular distance followed by the orbit from 1986 to 1996 was 360° when it returned to the same quadrant. It was only 270° from 1996 to 2006 when it did not complete a full 360° rotation around the SSCM. The angles are approximate but are amenable to calculation.

Table 1 and Figure 3 (Enlarge)
Influence of the Planets: Table 1 shows the positions of the Planetary System’s Center of Mass (PCM) at the time of the Sunspot minima during the period 1902–2006. The information in this table provides the first positive linkage between solar activity and the hydro meteorological time series. There is a statistically significant linkage with the double Sunspot cycle. He found no statistically significant linkage with the single, 11-year cycle. His analyses showed that these alternating cycles are associated with different hydro meteorological characteristics. The periodic behavior of the Solar System has a duration of 21 years (actually 20.8 years during the past century), not 11 years. This explains why scientists have been unable to find a linkage with the 11-year cycle, from which they erroneously concluded that there is no linkage with solar activity. While the relative positions of the planets are closely grouped in space at 21-year intervals, they are not precise in either time or space. This is the reason for longer period cyclicity including 178 years and longer cycles.

Sunspot Production: The plane of the path of the orbiting planets and the Sun must be at 45° to the line of motion of the Solar System. This is in order to balance the gravitational forces of a three-dimensionally balanced group of objects travelling at constant forward speed relative to that of the SSCM. Each body in the Solar System will follow a three-dimensional spiral track around the SSCM thus maintaining the group’s constant forward speed. This path will also be influenced by the changing positions of the major planets relative to one another and the Sun’s reciprocal movement.

All bodies of the Solar System therefore have a combination of two velocities. The dominant velocity component is the constant galactic velocity that is followed by the SSCM. The orbital velocities of the individual bodies around the SSCM are super- imposed on the galactic velocity. As they orbit the SSCM their net forward velocity will be the galactic velocity plus the orbital velocity (corrected for the 45° slope of the solar orbits) as they move forward in their orbits around the SSCM, and the galactic velocity minus the orbital velocity as they move backwards in their orbits around the SSCM. The net result is that the galactic velocities equal that of the SSCM when the bodies directly trail or lie directly ahead of the SSCM. The galactic velocities increase as they move forward around the SSCM, and they decrease as they move backwards about the SSCM. The galactic velocity of each body in the Solar System, including the Sun, therefore alternately accelerates and decelerates within the galactic plane as it orbits the SSCM. This is the crux of the issue. Once it is appreciated that the reference system is the galactic plane and not the plane of the Solar System, then everything else falls into place.

Sunspot production is a direct function of the Sun’s galactic acceleration and deceleration, with Sunspot minima occurring when the Sun is directly ahead or trailing the SSCM. There can be no doubt that it is the influence of the changing relative positions of the major planets that is the direct cause of Sunspot activity. The actual mechanism for Sunspot production as a result of galactic velocity changes has yet to be determined, although several theories exist.

The Sun’s Wobble: The distance of the Sun from the SSCM is the weighted reciprocal of the distance of the combined Center of Mass of the orbiting planets. Consequently, both the Sun’s distance from the SSCM and its galactic velocity are continually changing. This creates a wobble in its path through space. This can be calculated given the knowledge of the masses and orbits of the four major planets. Figure 3 shows the Sun’s wobble as it moved through galactic space during the period 1944 to 1958. During most of this time its orbit was below that of the SSCM in this view. While the SSCM lies within the body of the Sun most of the time, there are occasions when the Sun wobbles outside the SSCM. This figure provides an indication of the extent of its wobble as the Sun moves through space.

Earth to Sun Chord Distance: As a result of the Sun’s wobble, the chord length between the Earth and the Sun and the amount of energy received by the Earth will change accordingly. The next exercise is therefore to determine the corresponding changes in the distance between the Earth and the Sun and thereby the changes in the rate of solar energy reaching the Earth. This is amenable to precise calculation. The calculation of the chord length between the Earth and the Sun at any particular time has two components. The first is the position of the Sun relative to the SSCM at that time. The second is the elliptical path of the Earth about the SSCM. The Sun’s displacement from the SSCM changes relatively slowly but the ecliptic direction of the Earth about the Sun changes with the seasons. Figure 10 shows the dis- placement of the position of the Sun from the SSCM during 1993 and its effect on variations in solar energy received on Earth during that year.

SPX vs Market Momentum │ Greed

On March 31, 2017 (Fri) the daily price bar's Range of the SPX was less than the previous 13 bars, and the narrowest since the last short term change in the daily trend on March 27 (Mon). This makes it a Narrow Range 4 Day (NR4).