Money Flow Trading Method along with Risk Management

http://theeconomiccollapseblog.com/a...-does-not-pass

Member Of Congress Warns Of A 1,000 Point Stock Market Crash If Obamacare Lite Does Not Pass
http://theeconomiccollapseblog.com/w...icons/user.gif By Michael Snyder, on March 23rd, 2017

http://theeconomiccollapseblog.com/w...te-460x368.jpgAre we going to see a dramatic stock market plunge if the effort to get Obamacare Lite through the U.S. House of Representatives ultimately fails? On Thursday, a vote on the Republican healthcare bill was postponed once it became clear that there would not be enough votes for it to pass. House Republican leaders are still optimistic that there will still be a vote on Friday, but that is far from certain. Many strong conservatives in the House are balking at supporting this bill because while it does eliminate a few of the most troublesome provisions of Obamacare, it keeps many of the elements of Obamas signature healthcare law that have proven to be popular with the American people. In other words, this bill is much more about tweaking Obamacare than repealing it.


This is the first major legislative test for President Trump and House Speaker Paul Ryan, and so far they are failing. House Republican leaders have gone into panic mode, because a no vote could have some very serious implications outside of Washington. In fact, one member of Congress is warning that if this bill does not pass that we could see the Dow drop 1,000 points in a single day



It happened in real life on Sept. 29, 2008, when the House first voted on a Wall Street bailout intended to stem the financial crisis. In a swirl of uncertainty, Republican members stampeded to no, defeated the measure and watched the Dow tumble by more than 700 points. The same thing could happen on the GOP health bill, a veteran member told CNBC on Thursday only bigger.


If this goes down, we could take a 1,000-point market hit, the member said. To be sure, traders and investors tell CNBC the market likely will go lower if there is no compromise Thursday, but the decline wont likely come near a 1,000-point drop. That would represent a nearly 5 percent drop in the Dow, a bit less than the 7 percent decline when the index fell 777 points in September 2008.


And even if this bill does pass, we are probably headed for some sort of significant downturn anyway. Sven Henrich has just told CNBC that he believes that the market could see a 5 to 10 percent drop in the near term


The market has enjoyed a stellar bull run, but a correction is likely looming, according to Sven Henrich, also known as the Northman Trader.


A very long-term analysis of the S&P 500, in conjunction with a look at the CBOE Volatility Index, leads Henrich to believe the market could see a 5 to 10 percent drop in the near term.


But fixing our failing healthcare system is far more important than trying to prop up the financial markets, and so the strong conservatives in the House are quite right to stand by their principles.


Simply tweaking Obamacare is not going to fix anything, and it is extremely disappointing that President Trump and Paul Ryan are advocating such an approach.


Thankfully, there are a number of strong conservatives in Congress that are willing to take a stand for what is right even if it means standing up against their own party. One of those principled conservatives is Senator Rand Paul, and he says that right now there are at least 35 Republican no votes in the House, and that would be enough to kill the bill



I think theres easily 35 no votes right now so unless something happens in the next 24 hours, I would predict they pull the bill and start over. I think if conservatives stick together, they will have earned a seat at the table where real negotiation to make this bill an acceptable bill will happen. But its interesting what conservatives are doing to change the debate. We went from keeping the Obamacare taxes for a yearhundreds of billions of dollarsbut theyre coming towards us because were standing firm. So we have to stick together, and if we do stick together there will be a real negotiation on this. The main goal I have is not to pass something that does not fix the situation. If a year from now, insurance rates and premiums are still going through the roof and its now a Republican plan it will be a disservice to the president and all of us if we pass something that doesnt work.


If this bill is ultimately defeated, I have an idea that might work.


Why dont we get the government out of the healthcare business entirely?

Once upon a time when we actually let the free market determine the allocation of healthcare resources, we had the best healthcare system in the entire world.


But after decades of experimenting with socialist principles and adding mountains of rules, regulations and red tape to the system, we have a giant mess on our hands.


Either we need to go back to a true free market system, or we might as well go ahead and just socialize the entire thing.


Right now, hard working families have to pay for their own healthcare and also pay for the socialized healthcare that more than 125 million other Americans are receiving.


Yes, when you add up all of the Americans that are on Medicaid, CHIP, Medicare and other government programs, it comes to more than 125 million people.


So a lot of hard working families are scared to ever go to the hospital because their insurance deductibles are so high, and yet their taxes go to pay for all of the free healthcare that people on government assistance are receiving.


If the government is going to pay for the healthcare for nearly half the country, why should the rest of us have to pay for ours?


What we have now is such a ridiculous system, and what President Trump and Paul Ryan are proposing is not free market in any way, shape or form.


So I say let this horrible bill fail even if it means that financial markets will freak out for a little while.

Hopefully what transpires over the coming days will cause Republican leadership to go back to the drawing board, and a clean repeal of Obamacare would be a really good place to start.

https://www.forexfactory.com//dsms0m...ing-caring.png

COMMENTS FROM BENJAMINIS: We can now ALL see History is repeating with a different subject yet the same illness and 2008 was the beginning of the END of what happened on August 15, 1971 as I have already explained here this morning. I would appreciate very much a dialogue with others that come to this thread so I can understand if you understand and if you do not understand, then it is important for you to ask or comment.

1. https://cdn-assets.forexfactory.net/...ar427728_1.gif Jonstaples
2. | Joined Sep 2015 | Status: Member | 367 Posts

Quoting TudorIoan
My "robot" opened the intraday scalping scheme... T2 - 1.07962 T1 - 1.07852 bought 1.07716 SL - 1.07632 small volumes, though ...didn't expected the rally soo soon, hmmm
I also bought @ 1.0787 with a SL @ 1.0772 and target @ 1.0810. Bought on the break above of the Pivot point.

But I'm a bit because this bullish rally was to high to fast it may be exhausted!
Attached Image (click to enlarge)
https://www.forexfactory.com/attachm...1&d=1490346631

 

1. Post 1,098,882
2. Cleanup
3. Quote
4. Mar 24, 6:15am (49 min ago)

1. https://cdn-assets.forexfactory.net/...ar557148_1.gif Teek
2. Joined Feb 2017 | Status: Member | 301 Posts | Online Now

Quoting TudorIoan
{quote} Choleric bulls already broke the yesterday's high. On what? It's a spike only on the Europe data? Don't really think so. They do anticipate the US Congress vote! ...and the irony is that the vote might happen after all sessions closes ...so the reaction might be posponed for Monday Crazy day today to speculete! ...dunno

it's a sick stoprun, that's for sure
This did build up over days and it somehow was obvious to come.
I closed all my longterm trades when I saw the volume spike. Did not jump on the impulse though I don't try to catch a running train.
Scalped most of my losses back up there @ the 23.6% retracement of the impulse and am still holding one tiny long position riskfree, see if it can touch the 1.08179 again (Pivot).
It is in Demand zone and people are building shorts which I think will get stopped. There is definatly sellers in the market, waiting...
All the short stops up there that fell on the impulse caused it even to spike higher.
Looking back on the last three days, it was perfectly fine to start building longerterm shorts, and most of them shouuld be dead by now unless the work with ridiculous wide stops (or none at all). Lot's of small fish has been killed, including me.
I did not take the PMI into my early morning positioning, thought I take it easy, position some longerterm trades and call it a week.
Man was I wrong

I'd pay to just get a glimpse on these orderbooks before this impulse. Seriously....
FDAX looked sick already...

lol currencie trading weeeehhhhh
our greatest accomplishments can not be behind us

COMMENTS FROM BENJAMINIS: This post is about REALITY. This post is about MAKING REAL MONEY. This post is about RISK MANAGEMENT. This post is about CERTAINTY. This post is about COMMON SENSE. This post is about making a real business from trading Forex. This post is about being a Professional Forex Trader. This post is about information.

Have a Great Weekend Ladies and Gentleman...

(edit: you were faster. Thank you for quoting me and thanks for the kind words. Made my day )

Meanwhile on the currencie site, a technical look at the Yen.

Most of all Forex moneyflow (80%) is in the hands of 10 banks, who's daily business is simply to move large amounts of currencie from continent to continent.
Throughout the last days and weeks, we could see large amounts of USD and EUR flowing into JPY. While the EUR was flowing mostly straight into the JPY, the USD took the AUD and NZD transit route to flow into it's final destination, the JPY.
Looking at the political situation in the US and especialy in Europe (Brexit on it's way with Article 50, the elections in the Netherlands, who dodged the takeover from the rightwing, the upcoming elections in france and later this year in germany, and not to forget the always unpredictable President Trump),it was just natural to move large amounts of money towards Asia, which in these times of uncertainty appears to be a "safe harbour".
Also, the FED started to (very carefuly) scratch the Stocks bubble, which caused the USD to dip and slowly break the neckline of it's SHS formation. The rate hike and the (still very dovish) future predictions of the FED also caused the DOW to go into correction. However, yesterday I could see a massive (and from the technical side "unexplainable") thing happen on the DAX, but the question is, how long can they keep their massive Stocks bubble as large as it is and keep pumping more hot air into it on a daily basis?
Fact is, there is no "cheap" Stocks to buy anymore, so where would more buyers come from? It has to shrink down or it dies at the edge. (though, I think the edge is not yet reached before it finaly implodes, but that's another story). However, it NEEDS a "controled correction", and so do major currencies. All this adds to the uncertainty and so it is even more logic to move the mulah into safe harbour Asia before "the shit hits the fan" and Le Pen wins (may god help us if that happens, I live very close to the french border, I know what is going on infront my door...)

So, the lates events caused the JPY to gain heavy against all major currencies.
In fact, it is now massively overbaught. On my last weeks sunday chart analysis, I wrote "Japan is beautiful" on some of my charts. Well... it is.

A look at the USD/JPY chart shows it technicly is now in a "Demand" zone.
Means, from the technical side I can't see it break this zone, as this looks very attractive for buyers and positive signals from europe, especialy the upcoming french elections (with the actual trigger being Marine Le Pen losing the election), I expect a sharp turnaround.
Long story short, if you a re looking to position yourself LONG in USD/JPY and especialy in EUR/JPY, it could be the time to (carefuly!) start doing so.
The USD/JPY could still dip a bit deeper, but as long as it does not break this zone down south, this is a potential low risk / high reward for midterm LONG positions.
be warned though, Fundamentals can always screw things over BIGTIME! And situations like these are deep marketmaker territory. So, stay careful.

USD/JPY Daily (simplified):

Thanks Teek for your excellent and informative post.

I am linking a professional review of USD/JPY that I just read and share with you. I will have comments following the article to share with all of you.

http://www.fxtechstrategy.com/usdjpy...+Analysis+Here

USDJPY: Threatening Further Weakness Short Term

by Mohammed Isah | March 24th, 2017

USDJPY: The pair continued to retain its downside pressure with more declines expected. On the downside, support comes in at the 110.50 level where a break if seen will aim at the 110.00 level. A cut through here will turn focus to the 109.50 level and possibly lower towards the 109.00 level. On the upside, resistance resides at the 112.50 level. Further out, we envisage a possible move towards the 113.00 level. Further out, resistance resides at the 113.50 level with a turn above here aiming at the 114.00 level. On the whole, USDJPY looks to weaken further short term.
http://www.fxtechstrategy.com/wp-con...JPYDaily-2.png

COMMENTS FROM BENJAMINIS: Actually my comments this time are in the form of a question. The question is this. "Why does as it now appears to me and with much proof that has been posted on this thread called "Money Flow Trading Method along with Risk Management" do so many professional Forex traders and Forex teachers not use MONEY FLOW WITH CORRELATION instead of basing much of their views and Forex trades on the charts ?

Here is one of the most successful and professional teachers that I came across in the last two weeks and SO have a look at his short video and put my question in more focus after watching his short video. Thanks...

https://theforextradingcoach.com/how...-from-trading/

Hello Forex traders. Andrew Mitchem here, the Forex Trading Coach. This is video and podcast number 217.


What it takes to become a successful Forex trader
I want to talk about what it takes to become a successful Forex trader. How I can help you shortcut your learning path and save you lots of time, money, headaches, and frustration. Does that sound good? If so, keep listening. Okay, so there's a common number put around that somewhere between 90 to 95% of all Forex traders lose money.


How accurate that figure is I don't know but wherever you research online, somewhere between 90 to 95% is the figure that's commonly used. So, let's accept that that figure is correct for now.

Why do so many people lose money from trading?
Why is that and more importantly, what can you do to make sure that you're in the 5 to 10% of all Forex traders who make money? Because ultimately that's what you're here for, and it depends how important that is to you, and there's various ways of being a good trader but let me share with you my tips and secrets from around 14 years as a full time Forex trader, and I've seen all sorts of different people and companies come and go in that time believe you me, so I've got a fairly good, extensive knowledge of the Forex industry.


Most don’t have a strategy or the right mindset
Okay, so the problems are most people don't have a strategy. Of course, it's the obvious number one thing. They don't have the mindset of what it takes to become a good trader, they don't have a style that suits them, they don't have back up or help. People very easily get distracted when things don't work out, and you tend to get the … You know the phrase, “Blind leading the blind?” That is a very common problem in the Forex world. People find that when things don't work out for them, and their trades aren't working, they go to try to add something to it. They'll go and search for the next holy grail and the next best system, the next indicator, the next bit of news trading, whatever it might be. They're always on the search for the next thing rather than sticking to what they know.


It's a big danger. When you're out there by yourself trading it's very easy to get distracted and start searching online, so what can I do to help you overcome that?

How I can help you overcome these issues
I'd like to explain why such a massively high proportion of my coaching clients become very, very good Forex traders. In fact, one of them, a guy called Paul over in North Carolina in the US, he's now come onboard with me as part of the team. He's now holding live webinars in the US timeframe, so the US trading sessions. He's that successful I've said, “Look Paul, I'd like to offer you a position as part of the group,” because he's done so well.

There's lots of people out there like Paul who have taken my course and done very well but let's start at the very beginning, and the basics.

A trading strategy that is proven to work across all market conditions
I provide a strategy that's proven. It's as simple as that, it's a proven strategy. It's been proven for years. I've been trading this particular strategy for over 10 of the 14 years I've been trading. I've been teaching it for almost eight years. It's well proven, it's proven, doesn't matter where you live in the world, what timezone you're on, how many hours you can dedicate to trading, what currency pays you like, what timeframes you like, what the market conditions are.

It's proven across all of them.

That's the important thing that you need to start with, a strategy that works, a strategy that has logical sense, that works in all market conditions and is proven. That's the first thing. Second thing, I provide daily, like every single day of the trading week, I provide daily analysis for my clients. It includes specific trades that are taken off the daily charts. At the beginning of the week, I also mention weekly charts, at the beginning of the month I also mention monthly charts but every single day I mention trades that I'm placing myself based off the daily charts. The reasons for taking the trade, the candle patterns, the set up, all the reasons why I'm looking at taking that position, it's all done in advance of the market moving.


There's no hindsight involved, it's real time, you can make money from it by just understanding it, copying it, learning from it. The entry positions, the stop loss, the profit target, the reasons why. It's all taught in the course anyway, but every single day I'm writing this information for my clients to train their eye in real time, so that one, they can learn from it, two, they can earn from it, and three, they can then go and apply that same philosophy, same principle that they're seeing day after day after day, and apply that same strategy and principle to any other timeframe chart that they wish to trade. It's a real time trading. It's not, “Oh, yesterday I might have done this,” or, “Yesterday I did that,” and hand picking good trades. It's not that at all.


You get the good trades, the bad trades, everything in real time. It can be applied, doesn't matter where you live in the world, to apply that onto your account. You have the strategy, the daily trades, strength and weakness analysis, where I'm looking for strength and weakness with different currencies as well. Now, part of that's freely available on my website, but the clients actually get so much more. Only clients get the specific trades.


Live webinars for clients every week either in the European or US trading sessions
Live webinars, just mentioned, I've just taken onboard Paul who is now going to be holding two webinars per month, one and a half to two hour live sessions per month in the US trading session.

First one was just yesterday, and the alternate weeks, every two weeks, I hold and have done for eight years, live trading room sessions which are all two to two and a half hours long in the European session. They all get recorded if as a client you can't get there to watch it live, but these are real time trading webinars. Clients only, so everybody understands the system, the strategy, when they're on there. We're looking at taking trades in real time, we answer questions, we look at trades that were taken over the previous week since the last webinar, lots and lots of real time information. When we're looking at historical trades, we show trades that have worked, trades that haven't worked because you can learn from both.


Clients only Forum site to help and learn – building a trading community of like-minded traders
I have a forum site that's for clients only. It's not one of those silly arguing, everybody's trying to outdo each other forums like most of the forums out there in the general Forex world. It's clients only, talking only about the strategy that I trade and teach. Different timeframe charts, where I discuss, people are posting trades in real time. Some people post trades that they've taken, good and bad, in hindsight, after the trade's closed. But a lot of people on there posting trades in real time saying, “Hey, I'm liking the look of this set up and these are the reasons why,” but again, it's building a community.


There's hundreds and hundreds … Well, actually there's thousands of clients that have taken the course, but there's hundreds of clients on the forum sites all the time, interacting with each other. There's always information there to gain. You put all that together and you add to that trading software that helps identify set ups, it's not a robot system, it's not to say you have to rely on that software, but the software identifies key levels of support and resistance, helps identify candle patterns, different things like that that are included in the overall strategy. It just helps alert you to potential trade set ups.


You put all that together and you have a community, you have a proven system, you have real time help, real time coaching, access to myself, access to Paul, email access, support sites, forum sites, daily trades, the whole strategy, video courses, everything put together, that is what you need if you're serious about becoming a successful Forex trader.


Short cut the learning process
If you want to shortcut the whole learning process, if you want to save yourself headaches and tears and frustrations and giving up and losing money on accounts, if you want to save all of that, then take my course really is the best way to shortcut the learning process and becoming a successful Forex trader.


How do I know? Well, thousands of people have done the same thing over the last eight years and the success rate is remarkably and incredibly high. If you'd like to join us, it'd be great to have you on board.

This is Andrew Mitchem, the Forex Trading Coach. I'll see you this time next week.

Comments From Benjaminis: Our new website will have free content and subscriber only content and We will charge $50 US Dollars for 24/7 access and anyone subscribed to this thread as of May 1, 2017 will have a FREE LIFETIME User Name and Password. My GOAL is to reach as many retail and professional Forex traders as is possible to join the FIVE PERCENT CLUB !!!

Good Day

Here are the charts

""Why does as it now appears to me and with much proof that has been posted on this thread called "Money Flow Trading Method along with Risk Management" do so many professional Forex traders and Forex teachers not use MONEY FLOW WITH CORRELATION instead of basing much of their views and Forex trades on the charts ?"

Because, unlike "free agent" technical analysts, these people with their forecasts, especialy on "shortterm" forecasts, get paid by institutions, not by clients and for sure not by their own retail trading at home. "Institusions" bread and butter is to take the marketmaker position and eat the small fish.
It's a moral problem and as an analyst/forecaster who shares his opnion to a really large audience, especialy on certain TV channels, you get widely paid to lead the sheep (us) into the wrong direction, because this is how the wolfs make prey.

An analysis, especialy on the technical side, always paints three scenarios:
- what "should" happen (will go public)
- what "could" happen (will go public, the "I am always right" hedge against my own forecast)
- what really will happen (will never go public)

And that's the simple truth.
Never trust anyones opnion or forecasts. Be a wolf.

PS: notice how I "hedged in" the "what could happen" at the end of my post on the USD/JPY? "careful" "could still dip deeper" "slowly start building"...
We always do this. Makes it easier on us when we are wrong

Thank you so very much Teek.

Now I understand completely and on a light note my name Benjamin one of the 12 tribes has a symbol. The symbol is a Wolf.

 

1. Benjamins [stone was] yashpe, and the colour of his flag was like all the colours of the twelve colours, and a wolf was drawn on it, as it is written [Genesis 49:17]: Benjamin is like a scavenging wolf.

http://wolfstreet.com/2017/03/24/sub...ects-commence/

After the credit bubble comes the credit bust.
Subprime auto loans, a big force behind booming car sales in recent years, are getting crushed by defaults, particularly those originated between 2013 and 2015 when the proportion of subprime loans began to surge while underwriting standards became loosey-goosey, as private-equity-backed auto finance companies with a ravenous appetite for risk, subprime, and securitization elbowed into the market, amid the exuberance of the greatest credit bubble in history.


“Bad deals are made in good times,” says the old banking saw.

Auto lenders package their loans into asset-backed securities (ABS) and sell them as bonds to yield-hungry institutional investors. Fitch Ratings, which rates auto lenders and auto-loan ABS, just reported on the state of the industry.


The Fitch Auto ABS Indices show that 60+ day delinquencies were relatively low for prime auto loans at the end of Q4, but for subprime loans they’ve surged to 5% of outstanding balances, the highest since at least 2008, during the depth of the Financial Crisis!


Net charge-offs show a similar scenario, only worse. Net Charge-offs from prime loans ticked up to a still low 0.75% of outstanding balances. But net charge-offs from subprime loans surged to 10.5%, the highest since at least 2008!

Subprime is “particularly vulnerable,” Fitch says. It expects credit performance to deteriorate further.

Simultaneously, another trend is biting lenders and investors in subprime auto loan ABS: While for the overall market, average loan terms have reached a record 67 months, for subprime borrowers they’ve jumped to over 72 months.

Fitch adds icily:
[T]he data conflict with commentary from several large auto lenders that have suggested the loan term extensions in recent years have been primarily targeted at prime borrowers.

No one wants to accuse the industry of lying to investors about risks. But this is pretty close.



And it’s important. Longer loan terms make payments more affordable for cash-strapped consumers. Thus they pump up sales volume. And they allow finance companies and dealers to make higher profits. As underwriting standards got very loosey-goosey starting in 2013, loan terms (along with loan-to-value ratios) wandered off into new territory.


But as loan terms lengthen, depreciation of the vehicle outruns the amortization of the loan principal for longer, and borrowers have negative equity for longer, which raises the risk of loss, particularly for subprime loans. Fitch:
This will pressure recovery values on defaulted loans and also hurt customer trade-in values, which could negatively affect future new car sales/financings.
Why is this important for the industry as a whole, not just lenders and their investors?


Lenders are starting to feel the bite of those losses that are made worse by extended loan terms, higher loan-to-value ratios, a higher proportion of subprime loans, more negative equity for longer, and hence subprime defaults and net charge-offs that are soaring to crisis levels.

This spiral is made worse by dropping wholesale prices of used vehicles when they’re sold at auction, which is where lenders unload repossessed vehicles.

To tamp down on future losses, lenders began tightening underwriting standards, particularly in the subprime segment, in 2016. Fitch cited the Federal Reserve’s January 2017 senior loan officer survey:
In the survey, pricing, minimum down payment and minimum credit were all tightened by respondents on a net basis, although the maximum loan maturity continued to lengthen.


So at this point, despite tightening in some areas, lenders continue to lengthen loan terms. Why? Because shortening terms, in face of high prices, and hence unaffordable payments for stretched consumers, would strangle sales volume and profits. But they are getting nervous.

The overall tightening of underwriting standards is consistent with comments made by several banks on earnings conference calls over the past couple of quarters. Fitch believes the tightening of underwriting standards is a response to expected deterioration in used vehicle prices and the weaker credit performance experienced in the subprime segment.

This deterioration in used vehicle wholesale prices came to the fore in the National Association of Auto Dealers’ gloomy report on February: Its used vehicle price index plunged 8% from a year earlier and 13% from the peak in 2014, to hit the lowest level since September 2010. And it’s just the beginning:
Fitch continues to expect used car values to gradually decline over the next several years as used vehicle supply rises driven by increasing volumes of off-lease vehicles, which are expected to increase by over 50% between 2015 and 2018.


So Fitch expects lease turn-ins to surge by 50% between 2015 and 2018. These are the vehicles that customers turn in at the end of the lease and that are then sold at auction. Dealers buy them and retail them.


This surge in supply comes as rental car companies are “rightsizing” their fleets, and their units are flooding the auctions. And it comes as automakers are piling on incentives to sell down bloated dealer inventories of new vehicles and keep plants open, thus making new vehicles more competitive with late-model auction units.


New vehicle demand is “believed to have plateaued,” as Fitch put it. This lack of demand, in face of surging supply, pushes vehicle values lower, which adds “downward pressure on lenders’ recovery values and lease residuals.”


“Lease residuals” is a term that has started to crop up in earnings warnings. When you lease a car, the lender puts an estimated value on the vehicle at the end of the lease term. This is the part of the vehicle that you never pay for. The higher this “residual value,” the lower the monthly payment. At the end of the lease, you turn the vehicle in, and it is then sold at auction. As wholesale prices drop, residual values are under water, and lenders are taking losses on them. This is starting to happen.


How big is leasing? It’s huge. Leases account for 30% of total auto financings. Hence the earnings warnings. And Fitch “anticipates” that this chorus will get worse.


Then there are knock-on effects. Bleeding lenders lower residual values on new leases. This causes monthly payments to rise, making the vehicle less affordable for stretched customers, and thus more difficult to sell, just when demand has already peaked, and when subprime is getting crushed.
Let’s hope that the problems piling up in the used vehicle market — and their impact on new vehicle sales, automakers, $1.1 trillion in auto loans, and auto lenders — is just a blip. Read… Is this the Sound of the Bottom Falling Out of the Auto Industry?

https://mishtalk.com/2017/03/24/obam...an/#more-44913

MishTalk
~ Mish's Global Economic Trend Analysis




Obamacare “Now or Never” Not Enough Votes Says Ryan: Elvis Musical Tribute
24FridayMar 2017

Posted by Mish | March 24, 2017 12:34:12 | Economics


Trump issued an ultimatum yesterday to the House. For details please see Art of the Deal – Trump Tells G.O.P. to Fall in Line or Be Stuck With Obamacare: Why Bother?


CNN reports House GOP Doesn’t Have the Numbers.

Now What?

A GOP source said Ryan is showing Trump the numbers, and asking what Trump wants him to do because the votes aren’t there at this point.

Ryan’s visit to the White House is not to deliver good news, according to a GOP source. The efforts on Capitol Hill to sway members are ongoing, but things aren’t heading in the right direction. “Not good. Not good at all,” source said. They’ve had few firm commitments from conservatives and have seen a continued exodus of moderates. This was exactly what House leadership was worried would happen when they changed the bill, the source notes.

Source would not speculate what happens next, but this is “obviously a crucial meeting”

Worst Bill I’ve Ever Seen
Republican rep Mo Brooks (R-Ala.) says Health Bill ‘One of the Worst’ I’ve Seen in My Entire Career.

“It is one of the worst bills I have seen in my 30 years as a county commissioner, legislator, district attorney and now congressman,” Brooks said Friday on CNBC’s “Squawk Box.”

The House Freedom Caucus member, who came out against the American Health Care Act (AHCA) on Tuesday, told CNBC he’s “not going to surrender on an issue as important as ObamaCare.” Far from rolling back ObamaCare, he said, the legislation lets government and welfare programs balloon.


“You’ve also got a bill that is the largest welfare program ever proposed in the history of the Republican Party,” he said.


Despite the fact Ryan does not have the votes press secretary Spicer just said they are still voting this afternoon at 3:30.

Voting Odds
https://twitter.com/zerohedge/status...60348151810>

Now or Never Tribute
Does anyone really believe if the vote is no, that’s the end of it?

Mike “Mish” Shedlock

WOW WOW AND WOW

Great Chart On Losses Trading Forex

https://www.forexfactory.com/attachm...6&d=1490376739

My Streak trading REAL FUNDS (PDF FILE AVAILABLE UPON REQUEST)

673 in a Row...

Keep Calmfx has seen the statement of my 1502 FX Trades !!!


Benjaminis

I just closed 5 of my positions of 100 units of US 30 and SPX500 and my locked in profit for today on 5 winning Forex trades is $1509 US Dollars and I opened my FXCM UK $50,000 US Dollars Demo Account 28 days ago on February 24, 2017.

SO now I have one position still open of 100 units of SPX 500.

My DRAW UP is NOW $453 US Dollars and the balance in my Equity Account is $58,803.66 IS Dollars.

Stay Tuned as I aim for PLUS 18% ROI for the last 28 days of Forex DEMO Trading ...


Benjaminis

P.S. If I come across as kinda bragging, then please understand that it is just normal to be proud of being able to do as you say that you can do , SO on that NOTE of HUMILITY ..... Have A Great Weekend !!!

Darn , I did not make it to 18% as my last position just got closed with profit of $571 US Dollars for total profits of $2080 US Dollars on just 6 Forex Trades all winning ones.

My LOCKED in Equity is $58,936.66 US Dollars. Just $63.33 US Dollars away from 18% !!! You cannot always win however you can surely always do your best.

3/24/17 2:50 PMPnLProfit/Loss of Trade02800843125702125150.0058,241.66
3/24/17 2:53 PMPnLProfit/Loss of Trade02800843125673942110.0058,351.66
3/24/17 3:07 PMPnLProfit/Loss of Trade02800843125673870585.0058,936.66
Total:58,936.66


ACCOUNT SUMMARY

Beginning Balance 0.00

Trading Commission -56.00

Rollover Fee -1,398.60

Profit/Loss of Trade 10,391.26

Deposit 50,000.00

Ending Balance 58,936.66

Floating P/L 0.00

Equity 58,936.66

Necessary Margin 0.00

Usable Margin 58,936.66



Notes:
"THIS IS A DEMO ACCOUNT WHICH IS TRADED WITH VIRTUAL FUNDS. NO REAL MONEY IS USED IN TRADING THIS ACCOUNT. Demo accounts are used primarily for education purposes, testing of strategies, and familiarizing traders with market movement and the FX Trading Station. There are inherent risks associated with online trading that may arise due to downtime, currency fluctuation and other risks associated with currency speculation. Only risk capital should be used when trading a real account."

My email address is [email protected]

Have A Great Weekend and STOP to smell the roses and spend time with your loved ones and good friends and recharge your batteries. Life is Good.

Hello, I hope you all have a good weekend.
I don't know what you do on weekends, but I am charting and consulting.
I do this every saturday/sunday on all major Forex pairs and CfDs, Futures and Commodities, and some Stocks (on demand).
Usualy I post the EUR/USD charts in the EUR/USD forum every weekend, and I thought I might just throw it in here too.
If you like what I do, please give me a smile, thank you


EUR/USD - Technical analysis and outlook for next week:
(all charts are March 25th 2017, closed Markets)

Setup (Intraday):
Strong Resistance 1.081-1.08244 held, the Market closed below.
Divergence on H4 shows current Trend loses strength.
Market is ranging in a very tight "Dead Zone" with stong Support and Resistance and remains "undecided".
Triple Top formation at Resistance.
Blocked by EMA 200 (Daily) but pushing up from EMA 89 (Daily)
Overlaying Downtrend (Weekly) is not broken, upper Trendline is not reached, we are in the middle of this overlaying downtrend. (see weekly)

My opinion:
This setup is very choppy and overall dangerous to trade.
A LONG breakout is possible but unlikely.
My bias is short. This is backed by the Divergence on the H4, the very strong Resistance with Triple Top Formation, AND a massive Divergence on the DAX
(current correlation between DAX and EUR/USD is positive)

My advice (Intraday):
Stay away until the market leaves the "Dead Zone" (see D1 chart)
if you must trade this choppy tight range market (for whatever reason) look for Scalp Trades in Short direction (H1/M30/M15) (good luck to you and your ego)
There was very little volume in this market throughout last week, except some spikes caused my Fundamentals, but no consistant moneyflow in any direction between EUR and USD.
I flagged the market "Red" to the people I consult (this means: "stay away until flagged Yellow, I will send you an email").
Because of this: no price targets for now
If you are trying to catch a breakout, watch Fundamentals. (not my element)

My trading (Intraday):
French elections ahead, Fundamentals remain as choppy and unpredictable as the technical setup.
I don't trade this.

Conclusion: Japan is beautiful, Europe and US are not.
(if you could ever find out what that means eh....)

Charts: Weekly, Daily (S/R/T), H4 (Divergence)

Trade smart and stay green
cheers, Teek

Disclaimer:
- trade at your own risk, I am not responsible for your wins or losses
- all prices are estimations, not precise targets
- nobody can predict the future, please trade the market not the forecast
- if you like what I do please give me a smile, thank you

Thanks Teek for sharing here. You can see my proper email address at the bottom of my last post. I have the same routine that you have for Saturdays and Sundays. Quiet time is productive time.

Enjoy your weekend and keep up your excellent analysis that you do.


Benjaminis

[Quote = Teek; 9708401] Hallo, ich hoffe ihr habt ein schönes Wochenende. Ich weiß nicht, was du am Wochenende machst, aber ich bin Charting und Beratung. Ich tue dies jeden Samstag / Sonntag auf allen wichtigen Forex-Paaren und CfDs, Futures und Commodities, und einige Aktien (auf Anfrage). Normalerweise posten ich die EUR / USD Charts im EUR / USD Forum jedes Wochenende, und ich dachte, ich könnte es einfach nur hier werfen. Wenn Sie gerne was ich tue, bitte geben Sie mir ein Lächeln, danke EUR / USD - Technische Analyse und Ausblick für nächste Woche: (alle Charts sind 25. März 2017, geschlossene Märkte) Setup (Intraday): Starker Widerstand 1.081-1.08244 gehalten, Der Markt unten geschlossen. Divergenz auf H4 zeigt aktuellen Trend verliert Kraft. Der Markt reicht in einer sehr engen "toten Zone" mit starker Unterstützung und Widerstand und bleibt "unentschlossen". Dreifache Spitzenbildung bei Widerstand. Gesperrt von EMA 200 (Täglich), aber dringend von EMA 89 (Täglich) Overlaying Downtrend (Weekly) ist nicht kaputt, obere Trendline ist nicht erreicht, wir befinden uns in der Mitte dieses überlagerten Abwärtstrends. (Siehe wöchentlich) Meine Meinung: Dieses Setup ist sehr abgehackt und insgesamt gefährlich zu handeln. Ein langer Ausbruch ist möglich, aber unwahrscheinlich. Meine Bias ist kurz. Dies wird durch die Divergenz auf der H4, die sehr starke Resistenz mit Triple Top Formation, und eine massive Divergenz auf den DAX (aktuelle Korrelation zwischen DAX und EUR / USD ist positiv) Mein Rat (Intraday): Bleiben Sie weg, bis der Markt verlässt Die "tote Zone" (siehe D1-Diagramm), wenn du diesen choppy engen Streckenmarkt handeln musst (aus welchem Grund auch immer) nach Scalp Trades in kurzer Richtung suchen (H1 / M30 / M15) (viel Glück für dich und dein Ego) Es gab sehr Wenig Volumen in diesem Markt während der letzten Woche, Außer einige Spikes verursachten meine Grundlagen, aber kein konsequenter Geldfluss in jede Richtung zwischen EUR und USD. Ich habe den Markt "Rot" zu den Leuten, die ich konsultiere (das heißt: "Bleib weg, bis Markiert Gelb, ich sende dir eine E-Mail"). Aus diesem Grund: keine Preisziele für jetzt Wenn Sie versuchen, einen Ausbruch zu fangen, sehen Sie Grundlagen. (Nicht mein Element) Mein Trading (Intraday): Französische Wahlen voraus, Grundlagen bleiben so abgehackt und unvorhersehbar wie das technische Setup. Ich treibe das nicht. Fazit: Japan ist schön, Europa und die USA sind nicht. (Wenn du jemals herausfinden könntest, was das bedeutet eh ....) Charts: Wöchentlich, Täglich (S / R / T), H4 (Divergenz) Handel smart und bleiben grüne Jubel, Teek Disclaimer: - Handel auf eigene Gefahr, Ich bin nicht verantwortlich für Ihre Gewinne oder Verluste - alle Preise sind Schätzungen,


Hallo Teek, herzlichen Dank für ihre Klasse Analysen. Ich lerne von Ihnen und profitiere von ihrem Können. Danke

https://cdn3.patreon.com/1/patreon.u...2E5g7YnSk4k%3D

Charles Hugh Smith posted


Are We Really that Divided?
If there is any statement about politics in America that qualifies as as a truism accepted by virtually everyone, left, right or independent, it's that America is a deeply divided nation.

Like everyone else, I too accepted that the line between Hillary supporters and detractors, and Trump supporters and detractors, was about as "either/or" as real life gets.

But are we really that divided? A fascinating 55-minute lecture by historian Michael Kulikowski entitled "The Accidental Suicide of the Roman Empire" has made me question this consensus certitude.
https://www.youtube.com/watch?v=ltjH6HPs7vg


Kulikowski makes a number of nuanced arguments in his talk, but his primary point is that the late-stage Roman Empire collapsed partly as an unintended consequence of rhetorical binaries, polarizing rhetoric that lumped an extremely diverse Imperial populace into false binaries: Roman or Barbarian, Christian or heretic, and so on.


The actual lived reality was completely different from these artificial either-or binary classifications. As Kulikowski explains (and anyone who has read a modern history of late-stage Rome will know this from other accounts), many "Roman generals" were "Barbarian" by birth, and the boundary between "Roman citizen" and "Barbarian" was porous on purpose.

Rome had prospered by ensuring the boundary was porous (not counting slaves, of course). An impoverished young man from the hinterlands could join the Roman military and achieve a stable income and Roman citizenship. (Women could advance through marrying into a Roman-citizen family--even one that was "Barbarian" until recently.)

By Imperial decree in the 3rd Century A.D., any free person inside the boundaries of Imperial Rome was declared a Roman citizen. So numerous people of a variety of ethnicities may have been born outside the boundaries (i.e. Barbarian) became as "Roman" as any native born Roman in terms of their obligations to pay taxes and rights to judicial review.

This social/economic upward mobility was a key "secret sauce" of Rome's enduring success.

So why the sudden fatal attraction to completely inaccurate and misleading polarizing binaries?

Kulikowski makes the case that deploying these rhetorical devices--polarizing binaries--served the political purposes of warring elites within the Imperial aristocracy. For example, one sure-fire way to undermine a political challenger was to label him a "Barbarian." Even though he might have served in the Roman army from his youth, his political opponent could transform him into a "bad guy" by virtue of his being born a non-Roman, i.e. Barbarian

.
There is a self-destructive, self-reinforcing dynamic in this polarizing rhetoric: though it served the political interests of individual members of the elite, it did so at the cost of the entire polity, which was poisoned by these false binaries that then developed into dominant narratives.

Hence Kulikowski's startling conclusion: Rome didn't "die of natural causes"--it accidentally committed suicide once its political elites embracing polarizing binaries as political weapons. These weapons seemed targeted to their users, but the rhetorical narratives spread like a deadly virus through the empire, helping to trigger collapse of the Imperial core.


Bloomberg-BusinessWeek published a major multiple-part story in September of 2016 prior to the election entitled "One Nation Divisible: The American Electorate."
https://www.bloomberg.com/features/2016-america-divided/


The story repeats the truism of America being a divided nation, but my take-away was not the either-or binaries accepted by the mainstream and alternative media alike--my take-away was a newfound appreciation for the incredible diversity in America, not just ethnically, but geographically, demographically, and in every other measure of multi-level, dynamic diversity.


How could a nation or Empire of such astounding diversity be artificially cleaved into polarizing binaries?

The short answer is that it cannot: the polarizing binaries are artificial rhetorical devices, completely out of touch with the nuanced, complex reality of a diverse populace with widely diverse opinions on a wide spectrum of political topics.


My conclusion is that we should be alert to the great distance between these politically useful but systemically poisonous polarizing binaries and the complex and dynamic realities of the American populace.


We would also benefit from recognizing the artificiality and self-serving nature of these polarizing binaries, and be alert to the false and destructive narratives and teleologies they generate.

For more on narratives and teleologies, please read my recent essay "The Deep State's Dominant Narratives and Authority Are Crumbling."
http://www.oftwominds.com/blogmar17/DS-dominance3-17.html


We've already witnessed the toxic weeds of polarizing binaries spreading across the political landscape, choking out real-world narratives: diverse populations are being demonized as "deplorables," "racists," "evil," and so on.

So many of our choices are false choices based on polarizing binaries. For example--how many voters would have championed an alternative to Hillary or Trump? If given a choice, would 60% of the voters have chosen someone other than the two party candidates?


Identity politics is another rhetorical device designed to consolidate diverse populaces into politically useful (to the elites jockeying for power) binary blocks: you're either "for us" (and good) or "against everything good" (bad, evil, racist, etc.)


If we don't challenge these poisonous polarizing binaries, they may well trigger the accidental suicide of our polity.

COMMENTS FROM BENJAMINIS: Just in case some of you reading this well prepared and accurate representative of the truth wonder why you need to know this I will tell you why with 100% certainty on my part.

There are two main reasons why you should care and you should know. If you are an American whether from the left or the right or from any position including not caring about politics at all you should know because your life and future depends on it. If you are from any other nation such as Canada where I proudly live or from Asia or Europe or China or Russia then you should also be aware and care. We are all in grave danger at the moment.

Our only WEAPON is KNOWLEDGE and our ability to get involved. SO to conclude the first reason is to be AWARE to protect yourself and your family and close friends.

The second reason is BUSINESS , Yes the Investment Business whether stocks or bonds or commodities or Forex or MONEY which Gold and Silver are. Oh yes do not forget CASH in whatever form that it is in for the moment. Look at India and Venezuela at the moment. COMPLETE CHAOS !!! What happens to you as an American if your Government for whatever phony reason they give you calls in all the US $100 Bills ? What if they do the same with Euro's ?

WE need to be aware and we need to factor it into our Forex trading and other trading and keep some Gold and Silver at least 15% of your wealth as Gold and Silver is MONEY and has NO DEBT attached to it and has been around for 5000 years. THIS IS NOT INVESTMENT ADVICE .... It just is Common Sense.

gerne, Danke

With regards to the US government removing all US $100 bills, I don't think it will affect the average person very much at all. Most use credit cards (we love debt :-)) so nothing like India where most transactions are still cash. I'm sure some rich people have stashes of bills but they won't get much sympathy if they're forced to turn it in. Most money in the US is just digits in a computer already as most citizens have bank accounts.

***Drug dealers will be pissed.

Thanks .... Here is the Google English Translation and my reply !!!

[Quote = tea; 9708401] Hello, I hope you have a nice weekend. I do not know what you're doing at the weekend, but I'm charting and consulting. I do this every Saturday / Sunday on all major forex pairs and CfDs, futures and commodities, and some stocks (on request). I usually post the EUR / USD charts in the EUR / USD forum every weekend, and I thought I could just throw it here. If you like what I do, please give me a smile, thanks EUR / USD - Technical analysis and outlook for next week: (all charts are March 25, 2017, closed markets) Setup (Intraday): Strong resistance 1.081-1.08244 held , The market closed down. Divergence on H4 shows current trend loses power. The market is in a very narrow "dead zone" with strong support and resistance and remains "undecided". Three-point peak resistance. Locked by EMA 200 (Daily), but urgently from EMA 89 (Daily) Overlaying Downtrend (Weekly) is not broken, upper trendline is not reached, we are in the middle of this superimposed downtrend. (See weekly) My opinion: This setup is very choppy and overall dangerous to act. A long outbreak is possible but unlikely. My bias is short. This is due to the divergence on the H4, the very strong resistance with triple top formation, and a massive divergence on the DAX (current correlation between DAX and EUR / USD is positive) My advice (intraday): stay away until the market The "dead zone" (see D1 diagram), if you have to trade this choppy narrow track market (for whatever reason) look for scalp trades in a short direction (H1 / M30 / M15) (good luck for you and your ego ) There was very little volume in this market during the last week, except some spikes caused my basics but not a consistent cash flow in any direction between EUR and USD. I have the market "red" to the people I consult (meaning: "Stay away until Marked Yellow, I'll send you an email"). For this reason: no price targets for now If you are trying to catch an outbreak, you will see basics. (Not my element) My Trading (Intraday): French elections ahead, the basics remain so choppy and unpredictable as the technical setup. I do not. Conclusion: Japan is beautiful, Europe and the USA are not. (S / R / T), H4 (Divergence) Trade smart and stay green cheers, tea Disclaimer: - Trade at your own risk, me Am not responsible for your profits or losses - all prices are estimates,

Hello, thank you very much for your class analyzes. I learn from you and profit from their skills. Thank you

Comments from Benjaminis: Thanks for your reply to Teek and your post on the thread. Enjoy your weekend.
1

http://www.birchgold.com/news/trump-...a7535-74825921

Trump Could Soon Break Through Debt Ceiling

March 24, 2017 Birch Gold News


http://www.birchgold.com/wp-content/..._article-2.png
From Birch Gold Group



Discord among Congress and the Trump Administration over the debt ceiling is about to come to a head. And it’s quite possible that the outcome will be downright bad for the American public.



As we discussed earlier this month, two of Trump’s cabinet members — Steven Mnuchin (Secretary of the Treasury) and Mick Mulvaney (director of the Office of Budget and Management) — are going head-to-head on the country’s debt ceiling.


To complicate matters further, now Congress is divided on the issue as well.


Let’s discuss what the dispute is all about, and what impact it could soon have on the economy.


$189 Billion: The Most Important Number of 2017

Essentially, the debt ceiling is the amount of debt the U.S. guarantees to pay. But it’s not just about new spending. Compounding interest on existing debt, plus spending approved by Congress in previous years (but are only now starting to take effect), is more than enough to require the ceiling to be raised.


But speaking of new spending… Trump’s ambitious plans to cut taxes, build a border wall, and invest heavily in infrastructure rely entirely on the debt ceiling being raised.


Daniel Gross writes:
All the fabulous deals [Trump] wants to do—cutting taxes, building a wall, dramatically expanding the military budget, not touching major entitlements—will require the issuance of massive amounts of debt. And he can’t accomplish any of them until the debt ceiling is raised. Worse, any of the goodies will have to be preceded by an unpopular piece of legislation that will increase the national debt significantly—requiring the cooperation of the same conservative Republicans who are currently giving Trump an ulcer over health care reform.


So what happens if we break through the ceiling?
If the U.S. debt burden surpasses the ceiling before Congress acts, there is a very short series of “extraordinary measures” the Treasury Department must use to keep the country from defaulting on its debt.


The simplest way to explain it is this: Once the debt ceiling expires, the Treasury is forced to — more or less — dip into the government piggy bank to keep the U.S. in good standing.


Congress can still act to raise the ceiling before anything catastrophic happens.
But…
If they wait too long and the Treasury runs out of “extraordinary measures,” things start getting ugly very fast.



We got close to that breaking point back in 2011, when Congress dug in its heels and the U.S. got knocked with its first credit downgrade in history.


Now, we’ve come full circle.
The debt ceiling technically expired on March 16. Since then, the Treasury has been spending upwards of $2 billion per day as part of those “extraordinary measures” to service the country’s debt.


Here’s the real catch: The Treasury only has about $189 billion left to keep things afloat. Meaning that we only have about 90 days before our government is out of money.


If Congress doesn’t act to raise the ceiling soon — like Treasury Secretary Steven Mnuchin urged in a letter to House Speaker Paul Ryan earlier this month — the U.S. could find itself in another situation where its creditworthiness (and economic safety) is at-risk.


And with the divisive nature of the Republican Party, primarily the Tea Party wing and its aversion to anything even remotely related to federal debt, it’s highly probable that we get dangerously close to the edge yet again.


Relearning a Painful Lesson?
Remember how we said the U.S. went through its first credit rating downgrade after the last serious debt ceiling crisis in 2011? The event went down as an unfortunate but instructive lesson on the consequences of putting politics ahead of good policy.


But evidently the memory of the average politician or bureaucrat is shorter than we thought, because it seems history is repeating itself.

With about 90 days to resolve the issue, Congress is playing with fire. And the consequences might not be as minimal as a credit downgrade this time (although the country’s creditworthiness is vital to our economy).


Instead of a downgrade, there’s a frightening chance of an outright default, a completely unprecedented scenario in the country’s history.
Carson Block reports via Bloomberg:


In an ideal world, all sides would come together and not play politics with the debt ceiling again. Clearly that’s not the world in which we live. America’s partisan divide may now be so wide that a default will occur. That isn’t my base case scenario, but we will probably come down to the wire.


A Rare Opportunity
If Congress delays raising the debt ceiling, as it has done to great detriment before, there will still be one major benefit to offset the damaging consequences.


It’s actually rather simple…
If another credit downgrade occurs (or something worse), the dollar will more than likely crash. It certainly did back in 2011 — the last time we went down this road. In fact, as a result of the last major debt ceiling crisis, the dollar sunk to its lowest point since 2008 after the subprime mortgage crisis.



But when the dollar falls so sharply, something good happens to individuals holding gold.


You see, gold is priced in dollars. Based on how much the dollar is worth, it takes a certain number of dollars to buy an ounce of gold. That will never change, no matter the paper currency in use.


Therefore, when the dollar crashes, more dollars are required to buy that same ounce of gold. Suddenly, gold prices erupt as a result of simple economics and math.

If you’re especially confident in the federal government and its ability to stave off another debt ceiling meltdown, maybe you don’t need to make any changes with your savings. But if you have any doubt about how our bureaucrats will handle the coming crisis, today may be one of the best opportunities to buy gold.


congress, debt ceiling, donald trump, mick mulvaney, steven mnuchin, trump administration

March 24, 2017

COMMENTS FROM BENJAMINIS: More confirming opinions on the reality that President Donald John Trump faces along with his cabinet and to add to that look what happened on Friday with NO VOTE HELD on Obamacare.

Dear srt

Thanks for your post. Unfortunately it is not so simple and quite serious. I will first post a article from 2012 , 5 years ago so that we have a proper background to the next article that I will link here. It will EFFECT ALL Americans if it happens. I doubt it would EVER happen in Canada. I can explain why in another post if need be. CREDIT CARDS are the problem NOT the Solution as you will soon see explained. Here is the first article.

http://www.csmonitor.com/Business/Th...-s-war-on-cash

BUSINESS THE CIRCLE BASTIAT
The US government's war on cash
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By repeatedly refusing to print money in larger bills, the Feds make it harder to make huge financial transactions and can more easily monitor the financial maneuverings of citizens.
By Joseph Salerno, Guest blogger MARCH 29, 2012
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1. http://images.csmonitor.com/csm/2012...andard_600x400Romeo Ranoco/Reuters/File
   

Under cover of its multiplicity of fabricated wars on drugs, terror, tax evasion, and organized crime, the US government has long been waging a hidden war on cash. One symptom of the war is that the largest denomination of US currency is the $100 note, whose ever-eroding purchasing power is far below the purchasing power of the €500 note.

US currency used to be issued in denominations running up to $10,000 (including also $500; $1,000; $5,000 notes). There was even a $100,000 note issued for transactions among Federal Reserve banks. The United States stopped printing large denomination notes in 1945 and officially discontinued their issuance in 1969, when the Fed began removing them from circulation. Since then the largest currency note available to the general public has a face value of $100. But since 1969, the inflationary monetary policy of the Fed has caused the US dollar to depreciate by over 80 percent, so that a $100 note in 2010 possessed a purchasing power of only $16.83 in 1969 dollars. That is less purchasing power than a $20 bill in 1969!



Despite this enormous depreciation, the Federal Reserve has steadfastly refused to issue notes of larger denomination. This has made large cash transactions extremely inconvenient and has forced the American public to make much greater use than is optimal of electronic-payment methods. Of course, this is precisely the intent of the US government.

The purpose of its ongoing breach of long-established laws regarding financial privacy is to make it easier to monitor the economic affairs and abrogate the financial privacy of its citizens, ostensibly to secure their safety from Colombian drug lords, Al Qaeda operatives, and tax cheats and other nefarious white-collar criminals


Now the war on cash has begun to spread to other countries. (Click here to read the whole article.) As reported a few months ago, Italy lowered the legal maximum on cash transactions from €2,500 to €1,000. The Italian government would have preferred to set a €500 or even €300 maximum limit but reasoned that it should permit Italians time to adjust to the new limit. The rationale for this limit on the size of cash transactions is the fact that the profligate Italian government is trying to reduce its €1.9 trillion debt and views its anticash measures as a means of cracking down on tax evasion, which “costs” the government an estimated €150 billion annually.


Recommended: Think you're smart about money? Take our US currency quiz.
The profligacy of the Italian ruling class is in sharp contrast to ordinary Italians who are the least indebted consumers in the eurozone and among its biggest savers. They use their credit cards very infrequently compared to citizens of other eurozone nations. So deeply ingrained is cash in the Italian culture that over 7.5 million Italians do not even have checking accounts. Now most of these “bankless” Italians will be dragooned into the banking system so that the notoriously corrupt Italian government can more easily spy on them and invade their financial privacy. Of course Italian banks, which charge 2 percent on credit-card transactions and assess fees on current accounts, stand to earn an enormous windfall from this law. As controversial former prime minister Berlusconi noted, “There’s a real danger of crossing over into a fiscal police state.” Indeed, one only need look at the United States today to see what lies in store for Italian citizens.
http://images.csmonitor.com/csm/2012...andard_218x145

http://images.csmonitor.com/csm/2017...andard_218x145
PHOTOS OF THE DAY Photos of the day 03/24


Meanwhile the war on cash in Sweden is accelerating, although the involvement of the state is less overt. In Swedish cities, cash is no longer acceptable on public buses; tickets must be purchased in advance or via a cell-phone text message. Many small businesses refuse cash, and some bank facilities have completely stopped handling cash. Indeed in some Swedish towns it is no longer possible to use cash in a bank at all. Even churches have begun to facilitate electronic donations from their congregations by installing electronic card readers. Cash transactions represent only 3 percent of the Swedish economy, while they account for 9 percent of the eurozone and 7 percent of the US economies.


A leading proponent of the anticash movement is none other than Bjorn Ulvaeus, former member of the pop group ABBA. The dotty pop star, whose son has been robbed three times, believes that a cashless world means greater security for the public! Others, more perceptive than Ulvaeus, point to another alleged advantage of electronic transactions: they leave a digital trail that can be readily followed by the state.

Thus, unlike countries with a strong “cash culture” like Greece and Italy, Sweden has a much lower incidence of graft. As one “expert” on underground economies instructs us, “If people use more cards, they are less involved in shadowy economy activities,” in other words, secreting their hard-earned income in places where it cannot be plundered by the state.


The deputy governor of the Swedish central bank, Lars Nyberg, gloated before his retirement last year that cash will survive “like the crocodile, even though it may be forced to see its habitat gradually cut back.” But not everyone in Sweden is celebrating the dethronement of cash. The chairman of Sweden’s National Pensioners’ Organization argues that elderly people in rural areas either do not have credit or debit cards or do not know how to use them to withdraw cash.

Oscar Swartz, the founder of Sweden’s first Internet provider, a supporter of the phasing out of cash, argues that without the adoption of anonymous payment methods, people who send money and make donations to various organizations can be “traced every time.” But, of course, what the artless Mr. Swartz does not see is that this is the whole point of a cashless economy — to make even the most intimate economic affairs of private citizens transparent to the state and its fiscal and monetary apparatchiks, who themselves hate and fear transparency like vampires do sunlight.

And then there are the benefits that accrue to the government-privileged banking system from the demise of cash. One Swedish small businessman shrewdly noted the connection. While he gets charged 5 kronor (80¢) for every credit-card transaction, he is prevented by law from passing this on to his customers. In his words, “For them (the banks), this is a very good way to earn a lot of money, that’s what it’s all about. They make huge profits.”



Fortunately, the free market provides the prospect of an escape from the fiscal police state that seeks to stamp out the use of cash through either depreciation of central-bank-issued currency combined with unchanged currency denominations or direct legal limitation on the size of cash transactions.

As Carl Menger, the founder of the Austrian School of economics, explained over 140 years ago, money emerges not by government decree but through a market process driven by the actions of individuals who are continually seeking a means to accomplish their goals through exchange most efficiently. Every so often history offers up another example that illustrates Menger’s point. The use of sheep, bottled water, and cigarettes as media of exchange in Iraqi rural villages after the US invasion and collapse of the dinar is one recent example.

Another example was Argentina after the collapse of the peso, when grain contracts (for wheat, soybeans, corn, and sorghum) priced in dollars were regularly exchanged for big-ticket items like automobiles, trucks, and farm equipment. In fact Argentine farmers began hoarding grain in silos to substitute for holding cash balances in the form of depreciating pesos.


As has been widely reported recently, an unlikely crime wave has rapidly spread throughout the United States and has taken local law-enforcement officials by surprise. The theft of Tide liquid laundry detergent is pandemic throughout cities in the United States. One individual alone stole $25,000 worth of Tide detergent during a 15-month crime spree, and large retailers are taking special security measures to protect their inventories of Tide. For example, CVS is locking down Tide alongside commonly stolen items like flu medications. Liquid Tide retails for $10–$20 per bottle and sells on the black market for $5–$10. Individual bottles of Tide bear no serial numbers, making them impossible to track. So some enterprising thieves operate as arbitrageurs buying at the black-market price and reselling to the stores, presumably at the wholesale price. Even more puzzling is the fact that no other brand of detergent has been targeted.


What gives here? This is just another confirmation of Menger’s insight that the market responds to the absence of sound money by monetizing highly salable commodities. It is clear that Tide has emerged as a subsidiary local currency for black-market, especially drug, transactions — but for legal transactions in low-income areas as well. Indeed police report that Tide is being exchanged for heroin and methamphetamine and that drug dealers possess inventories of the commodity that they are also willing to sell. But why is laundry detergent being employed as money, and why Tide in particular?


Menger identified the qualities that a commodity must possess in order to evolve into a medium of exchange. Tide possesses most of these qualities in ample measure. For a commodity to emerge as money out of barter, it must be widely used, readily recognizable, and durable. It must also have a relatively high value-to-weight ratio so that it can be easily transported. Tide is the most popular brand of laundry detergent and is widely used by all socioeconomic groups.

Tide also is easily recognized because of its Day-Glo orange logo. Laundry detergent can also be stored for long periods without loss of potency or quality. It is true that Tide is somewhat bulky and inconvenient to transport by hand in large quantities. But enough can be carried by hand or shopping cart for smaller transactions while large quantities can easily be transported and transferred using automobiles.

Just like the highly publicized war on drugs that the US government has been waging — and losing — for decades, it is doomed to lose its surreptitious war on cash, because the free market can and will respond to the demand of ordinary citizens for a reliable and convenient money.


The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on blog.mises.org.

COMMENTS FROM BENJAMINIS: This article was published during March 2012 and LOOK what has happened since. This is a most important subject to understand. Now on to a very current article bringing us closer to 2017.

WAR ON CASH AND WAR ON US HUMANS.....

http://dollarcollapse.com/creeping-f...e-war-on-cash/

The End Is Near, Part 1: The “War On Cash”


APRIL 26, 2015
As the saying goes, you can know a person by the quality of his or her enemies. This is also true of societies, where moral evolution can be traced by simply listing the things on which they declare war. Not so long ago, for instance, the world’s good guys — the US, Europe’s democracies and a few others — fought existential battles against fascism and communism. Then they went after poverty and discrimination. They were, at least in terms of their ideals, on the side of personal freedom and opportunity and against institutionalized control.


But then came the war on drugs, in which the US imprisoned millions of non-violent people guilty only of voluntary transaction. Not long after that we declared war on “terror,” using the enemies created by our own incompetent foreign policy as an excuse for a vast expansion of surveillance and police militarization.


And now, seemingly out of nowhere, comes a new enemy: cash. Around the world, governments and banks are making it harder to save and transact with paper and coin. The ultimate goal seems to be the elimination of private tools of commerce, in favor of transparent (to governments and banks) plastic, checks and online payment systems. The following excerpts are from longer articles that should be read in their entirety:

The Death of Cash
(Bloomberg) – Could negative interest rates create an existential crisis for money itself?

JPMorgan Chase recently sent a letter to some of its large depositors telling them it didn’t want their stinking money anymore. Well, not in those words. The bank coined a euphemism: Beginning on May 1, it said, it will charge certain customers a “balance sheet utilization fee” of 1 percent a year on deposits in excess of the money they need for their operations. That amounts to a negative interest rate on deposits. The targeted customers—mostly other financial institutions—are already snatching their money out of the bank. Which is exactly what Chief Executive Officer Jamie Dimon wants. The goal is to shed $100 billion in deposits, and he’s about 20 percent of the way there so far.


Pause for a second and marvel at how strange this is. Banks have always paid interest to depositors. We’ve entered a new era of surplus in which banks—some, anyway—are deigning to accept money only if customers are willing to pay for the privilege. Nick Bunker, a policy analyst at the Washington Center for Equitable Growth, was so dazzled by interest rates’ falling into negative territory that he headlined his analysis after a Doors song, Break on Through (to the Other Side).


Now comes the interesting part. There are signs of an innovation war over negative interest rates. There’s a surge of creativity around ways to drive interest rates deeper into negative territory, possibly by abolishing cash or making it depreciable. And there’s a countersurge around how to prevent rates from going more deeply negative, by making cash even more central and useful than it is now. As this new world takes shape, cash becomes pivotal.


The idea of abolishing or even constraining physical bank notes is anathema to a lot of people. If there’s one thing that militias and Tea Partiers hate more than “fiat money” that’s not backed by gold, it’s fiat money that exists only in electronic form, where it can be easily tracked and controlled by the government.

“The anonymity of paper money is liberating,” says Stephen Cecchetti, a professor at Brandeis International Business School and former economic adviser to the Bank for International Settlements in Basel, Switzerland. “The bottom line is, you have to decide how you want to run your society.”



As long as paper money is available as an alternative for customers who want to withdraw their deposits, there’s a limit to how low central banks can push rates. At some point it becomes cost-effective to rent a warehouse for your billions in cash and hire armed guards to protect it. We may be seeing glimmerings of that in Switzerland, which has a 1,000 Swiss franc note ($1,040) that’s useful for large transactions. The number of the big bills in circulation usually peaks at yearend and then shrinks about 6 percent in the first two months of the new year, but this year, with negative rates a reality, the number instead rose 1 percent through February, according to data released on April 21.


Bank notes, as an alternate storehouse of value, are a constraint on central banks’ power. “We view this constraint as undesirable,” Citigroup Global Chief Economist Willem Buiter and a colleague, economist Ebrahim Rahbari, wrote in an April 8 research piece. They laid out three ways that central banks could foil cash hoarders: One, abolish paper money. Two, tax paper money. Three, sever the link between paper money and central bank reserves.


Abolishing paper money and forcing people to use electronic accounts could free central banks to lower interest rates as much as they feel necessary while crimping the underground economy, Buiter and Rahbari write: “In our view, the net benefit to society from giving up the anonymity of currency holdings is likely to be positive (including for tax compliance).” Taxing cash, an idea that goes back to German economist Silvio Gesell in 1916, is probably unworkable, the economists conclude: You’d have to stamp bills to show tax had been paid on them. The third idea involves declaring that all wages and prices are set in terms of the official reserve currency—and that paper money is a depreciating asset, almost like a weak foreign currency. That approach, the Citi economists write, “is both practical and likely to be effective.” Last year, Harvard University economist Kenneth Rogoff wrote a paper favoring exploration of “a more proactive strategy for phasing out the use of paper currency.”


Pushing back against the cash-abolition camp is a group of people who want to make cash more convenient, even for large transactions. Cecchetti and co-author Kermit Schoenholtz, of New York University’s Stern School of Business, suggest a “cash reserve account” that would keep people from having to pay for things by sending cash in armored trucks. During the day, funds in the account would be payable just like money in a checking account. But every night they’d be swept into cash held in a vault, sparing the money from the negative interest rate that would apply to money in an ordinary checking account. In a way, physical cash would take on a role similar to that played by gold in an earlier era of banking.

The “War on Cash” Migrates to Switzerland
(Acting Man’s Pater Tenebrarum) – The war on cash is proliferating globally. It appears that the private members of the world’s banking cartels are increasingly joining the fun, even if it means trampling on the rights of their customers.

We just come across a small article in the local European press (courtesy of Dan Popescu), in which a Swiss pension fund manager discusses his plight with the SNB’s bizarre negative interest rate policy. In Switzerland this policy has long ago led to negative deposit rates at the commercial banks as well. The difference to other jurisdictions is however that negative interest rates have become so pronounced, that it is by now worth it to simply withdraw one’s cash and put it into an insured vault.


Having realized this, said pension fund manager, after calculating that he would save at least 25,000 CHF per year on every CHF 10 m. deposit by putting the cash into a vault, told his bank that he was about to make a rather big withdrawal very soon. After all, as a pension fund manager he has a fiduciary duty to his clients, and if he can save money based on a technicality, he has to do it.


A Legally Murky Situation – but Collectivism Wins Out
What happened next is truly stunning. Surely everybody is aware that Switzerland regularly makes it to the top three on the list of countries with the highest degree of economic freedom. At the same time, it has a central bank whose board members are wedded to Keynesian nostrums similar to those of other central banks. This is no wonder, as nowadays, economists are trained in an academic environment that is dripping with the most vicious statism imaginable.

As a result, withdrawing one’s cash is evidently regarded as “interference with the SNB’s monetary policy goals”.

One large Swiss bank recently responded to a pension fund’s withdrawal request with a letter stating: “We are sorry, that within the time period specified, no solution corresponding to your expectations could be found.”

Although we all know that fractionally reserved banks literally don’t have the money their customers hold in demand deposits, the contract states clearly that customers may withdraw their funds at any time on demand. The maturity of sight deposits is precisely zero.


Some thoughts

1. A well-run economy operating without cash would require a trustworthy government. That is, the people who know where we are and what we’re buying and selling 24/7 would have to be decent, competent and honest. Otherwise we’re giving near-absolute power to folks who might use it for their own enrichment at our expense. Which is of course to state the blindingly obvious. The fact that power both corrupts and attracts the already corrupt means that the more power we hand the government, the further we push ittowards absolute evil. A cashless society would pretty much guarantee a dictatorship in a single generation.

1. If a cashless society is a means to the end of total government control of interest rates, i.e., the price of money, then the resulting deeply-negative rates would distort the pricing signals that make capitalism work. The system would devolve into a centrally-planned malinvestment-fest resembling bigger, more chaotic versions of the past century’s collectivist experiments, all of which crashed and burned in short order.

1. An environment in which cash is illegal and interest rates are negative would be both insanely good and catastrophically bad for gold. Good because the removal of cash leaves only gold and silver as historically-trusted private stores of value. Terrified capital would pour into bullion, sending its relative price through the roof. But then of course it would become an overt (rather than a covert) target of the same forces that made cash illegal. When “the war on gold” begins, the world as we knew it will have already ended.

COMMENTS FROM BENJAMINIS: Surely it must be CLEARER NOW. The CRIMINALS of THE WORLD , YES KNOWINGLY led by the BIS and the Central Banks of the World have ELECTRONICALLY PRINTED so much MONEY by the CLICK of a Mouse if the Public , YES , YOU and myself realized that there is NOT ENOUGH CASH to be Returned and you would see the GREATEST BANK RUN IN HISTORY.

And now on to the last article...

http://www.commoditytrademantra.com/...be-far-behind/

After a War on Cash, can the War on Gold be far behind?

1. December 1, 2016 |
2. Under: Gold Trading |
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After a War on Cash, can the War on Gold be far behind?


The global elites are using negative interest rates and inflation to make your money disappear. The whole idea of the war on cash is to force savers into digital bank accounts so their money can be taken from them in the form of negative interest rates.


One way to avoid negative interest rates is to go to physical cash.. They can’t impose negative interest rates on cash.

In order to prevent people from using that option, the elites have launched a war on cash, as recent events have borne out. The war on cash is old news, but it is escalating rapidly…


India’s decision to make 1,000- and 500-rupee notes worthless is having devastating ripple effects in the Indian economy and the market for gold.


The consequences of the decision are both appalling and encouraging — appalling because they show governments’ ability to destroy wealth, and encouraging because they show the ingenuity of individuals operating under the thumb of an oppressive government.


One immediate consequence of the cash ban was that paper money began trading at a discount to face value. The entire banking system in India has been running out of cash and alternative forms of payment such as gold and barter have been emerging.

In plain English, you might be able to sell your illegal 1,000-rupee note to a middleman for 750 rupees in smaller denominations. You would get legal tender for your worthless 1,000-rupee note. The middleman presumably has some connection with the banks that allows him to deposit the funds without being harassed by the tax authorities.


It’s not unusual for bonds to trade at a discount due to changes in interest rates or credit quality, but this is the first time I’ve ever seen cash trading at a discount (although I did predict this development in Chapter 1 of my new book, The Road to Ruin.)


The second distortion is that gold is selling in India for over $2,000 per ounce at a time when the world market price is under $1,200 per ounce. This is because Indian citizens are rushing to buy gold for cash.


The gold dealers can then deposit the cash for full value. This is just another form of discount on the face value of the cash. It’s not that gold is more valuable; it’s just that your $2,000 is worth less than $1,200 (in rupee equivalents) when it comes time to buy the gold.


I’ve said for a while that the war on cash would be followed quickly by a war on gold. India may prove the point.

Don’t think of this as something that happens only in poor countries. Similar scenes will play out in the U.S. and Europe as elites become more desperate to take your money.

It should be clear that the war on cash has two main thrusts. The first is to make it difficult to obtain cash in the first place. At home, U.S. banks will report anyone taking more than $3,000 in cash as engaging in a “suspicious activity” using Treasury Form SAR (Suspicious Activity Report).


The second thrust is to eliminate large-denomination banknotes. A 1,000-rupee note may sound like a lot, but it’s only equivalent to about $15 U.S. dollars. The U.S. got rid of its $500 note in 1969, and the $100 note has lost 85% of its purchasing power since then. With a little more inflation, the $100 bill will be reduced to chump change.



Of course the European Central Bank announced that they were discontinuing the production of new 500 euro notes (worth about $575 at current exchange rates). Existing 500 euro notes will still be legal tender, but new ones will not be produced.


This means that over time, the notes will be in short supply and individuals in need of large denominations may actually bid up the price above face value paying, say, 502 euros in smaller bills for a 500 euro note. The 2 euro premium in this example is like a negative interest rate on cash.

Ken Rogoff is a leading voice of the elites in the war on cash. He recently wrote an article detailing the ways elites can steal your money. The first is negative interest rates. The second is the elimination of cash (governments can do this by declaring the $100 bill worthless, just as India did with the 500- and 1,000-rupee notes).



The third way is to set higher inflation targets. Rogoff wants to raise the Fed’s inflation target from 2% to 4% per year. At a 4% rate, the value of a dollar is cut 75% between the time you’re 30 years old until a normal retirement age of 65. The money you save in your younger years is nearly worthless by the time you need it.


Why should you care what Ken Rogoff thinks? Because Rogoff is not just another big brain. He’s a professor of economics at Harvard University and the former chief economist of the International Monetary Fund. More importantly, his name is frequently mentioned as a possible nominee for a seat on the Board of Governors of the Federal Reserve. If Rogoff were on the Fed board, he’d be in a position to turn his confiscatory ideas into policy.


But even if Rogoff remains at Harvard, his views are highly influential on economic policy in general. Rogoff is not alone in his views.

One solution to negative interest rates is to buy physical gold. But if the government has a war on cash, can the war on gold be far behind? Probably not.

Governments always use money laundering, drug dealing and terrorism as an excuse to keep tabs on honest citizens and deprive them of the ability to use money alternatives such as physical cash and gold. When you start to see news articles about criminals using gold instead of cash, that’s a stalking horse for government regulation of gold.


Guess what? An article on the topic of criminals using gold just appeared this spring, in Bloomberg. This is one more reason to get your physical gold now, while you still can.

If you do not already have a 10% allocation of investible assets to gold, it’s time to make that allocation. Gold is almost the only way to avoid the plans for confiscation that Rogoff and the other elites have in mind.



Courtesy: Jim Rickards
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Comments From Benjaminis: Thanks for your question srt and now you know.