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12.6.2017 - Free Investing Newsletter Bookmark

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The other day I made mention of the fact that often I “know things” but I’m a bit hesitant to lay them out. Most of you probably thought old Bob was drinking too much and wanted to make believe he was a big shot. No, it’s none of that. What it is, is simply a desire not to wake up dead.

 
So, I learned a long long time ago, that there’s some topics you just don’t touch, because let’s face it:  I’ve called out a lot of people over the past 22 years. I’ve been on Fox TV, I’ve been quoted in the Wall Street Journal.  Way back, just ahead of the twin tower attacks, I put out an article about why I don’t invest in airlines. Because it’s too easy for big money to short them, and then call in a bomb scare making millions as the stock of that airlines fell.  Well, that went live just days ahead of 9/11. As you can imagine I was “contacted” about that article.  They wanted to know who shorted the airlines days ahead of the attack.
 
I waited for some real investigations into Leader Technology and how their “invention” got ripped off , to expose the fact that via our patent system, and some Highly trained people from a particular “friendly” nation, tons of our top technology gets stolen and sold around the world.  I could have told you that story all the way back in 2004. But it involves too many high level players.
 
Anyway, the reason I mention all that, is because a nice man named Dr. Mark Skidmore, a blue collar economist at Michigan State University, decided to look into the idea that some “alternative news” folk have been suggesting,  that there’s about 7 trillion dollars “missing” from the official Federal ledgers. But when he dove in to examine it, because it sounded so “impossible” what he found was that the number wasn’t 7 trillion. It was more like 21 Trillion.
 
Well well. 21 trillion. Actually that’s a tad higher than my estimates, I thought we were probably looking at about 15 trillion. But it isn’t even the number that matters, because what the dear Doctor found, is that for it to be “possible” for that much money to disappear, it had to have first “appeared”.   Well BINGO mr. Skidmore. And where on earth does that sort of money come from? He doesn’t know.  But let me give you a couple quotes from USA Watchdog:
 
Skidmore  and a team of graduate students discovered $21 trillion missing in the federal budget going back to 1998.  Dr. Skidmore, who specializes in public finance, explains, “We know from official government sources that indicate $21 trillion is, in some way, unaccounted for.  Furthermore, if we come back to the Constitution, all spending needs to be authorized by Congress.  It looks to me, and I think I can conclude with a high degree of certainty, there is money flowing in, as well as out, that is unaccounted for. . . . That’s the one thing we know from these documents, that there is $21 trillion in unaccounted funds.”
 
In one example, Skidmore found a huge transfer from the Treasury Department to the Army that, again, was not authorized. Keep in mind, the Army has an approved budget of  a little more than $120 billion a year.  Skidmore says, “In this one report . . . there is an appendix table that indicates there was a transfer from Treasury to the Army of about $800 billion.  That’s almost a trillion dollars flowing in.  There is a note that says we had to do this in order to reconcile past years.  That doesn’t make sense to me either because, these earlier years, you have a transfer from the Treasury of your $120 billion or $130 billion, and every year, the Army is granted the authority to spend this money in the ways they say they will.  How can you get (an additional) $800 billion in and call that an ‘adjustment’? I tried to call and talk to the office of the Inspector General to talk to the people who helped generate these reports.  I haven’t been successful, and I stopped trying when they disabled the links.”
 
Or we can continue with this:


Dr. Skidmore thinks the federal accounting of $21 trillion in missing money is crazy and far outside the realm of normal. So, is this a legitimate U.S. national security issue?  Dr. Skidmore says, “Yeah, and that is one of the reasons I decided to look at this.  How can this be, and what does this mean?   If trillions of dollars are flowing in and flowing out, it appears to be outside of our Constitution and outside of the rule of law.  If that is the case, that really is troubling because it suggests that there is a layer of things happening that are outside the rule of law.  I know, for example, that some activities, just for the sake of protection of the people involved in national security, have to be black budget.  There is always stuff like that.  Usually, it’s authorized spending, and some percentage is this black budget where only a small percentage of people and some in Congress know about it, but this is way outside of that.  So, I am worried about it.”
 
What Skidmore has stumbled upon is the surface of the Black budget. And, He’d probably be wise to tone it down a bit, because if enough people pick up his cause and start looking into this, the dear Doctor is going to be discovered as having committed suicide. By shooting himself 5 times. In the head. From behind.
 
For 21 trillion to be missing it had to come from somewhere. Amen. 21 trillion isn’t chicken feed. That’s more than our entire US GDP for a year.  So where did it come from, to go missing? Ahh, that’s the creepy part folks.  Why are we in Afghanistan, bombing goats? Wait a minute, isn’t poppy production one of their biggest crops? What do they make out of Poppy’s? Oh, that’s heroin and stuff. Well isn’t heroin one of the biggest epidemics we face in the US? Indeed it is.
 
Haven’t we “waged a war on drugs”  for like 30 years now? We have. And yet I can take you to any junior high school in this nation and buy you some meth,pot,coke, heroin, in a matter of minutes. Did we lose the war? Or, maybe, the war wasn’t a war? Maybe it was a front. What if the people waging the war, were the same one’s importing the drugs? Just sayin.
 
How much is the newest technology concerning rocket propulsion, missile defenses and supersonic aircraft worth? Hundreds of billions. How much of that “stuff” has been invented and designed here in the US, only to be found in foreign nations? Quite a bit. How does that happen? It happens because it’s stolen and sold to the highest bidder. Do you think any of that ends up on Federal balance sheets?
 
Have any of you noticed how the main stream media has said nothing about the elite Pedophilia rings that have been busted worldwide lately?  Why would they not comment on victories against that despicable sin?  And by the way, what’s the market cap for supplying elitist pedophiles with little kids?  I don’t truly know, but again, billions fits.
 
Parts is parts, right?  But what about body parts? Do many of you even know that there’s vast networks of underground body part dealers? I’m not making this up folks.  On the legal level, just one human kidney goes for about 10 grand. Add up the demand for livers and kidneys, and hearts. The black market for body parts is huge. Who runs the market?
 
When a country is toppled, where does that nations gold go?  Libya reportedly had 140 tons of gold before Gadhafi was murdered and his nation overthrown. Where’d it go? When we decided to topple Iraq, estimates were that  they had hundreds of billions in gold bars. Then they reduced that number and reduced it again. Over and over. So, how much was there really, and where did it go?

Was the Nazi gold stores that they amassed during the war ever really accounted for? While the news was proud to proclaim that a lot of the European art that was confiscated had been found and “returned” What about the gold from all the nations plundered?

In 2011, Iraq’s Parliament sent a request to the UN to help it find some 17 billion worth of oil money that Iraq suggests the US “took” after the 2003 invasion of the country.  Where’d the money go? Who got it? Was it more than 17 billion?
 
I guess by now you’re getting my drift.  Drugs, body parts, technology, gold, oil, gas, and a hundred other things are “black marketed” around this world. Not to even mention the “bankers” of which we know very little. In the big market melt down of 2008, it took a freedom of information act to find out that our own Federal Reserve had “lent” 16 TRILLION to Europe. 16 trillion that congress was never told of. Completely OFF THE BOOKS.  And, when Bernanke was asked point blank at Capitol Hill “Who got the money?” His response was “I don’t know”.
 
There’s a lot of “things” that have gone on out there folks. Powerful people have been involved with lots of it. You and I are just pawns in the big picture.  No one asks how a Senator with a 175K dollar a year salary amasses a 65 million dollar fortune. No one asks why the Vegas Shooting has disappeared from the news. No one asks why the US fomented the coup in the Ukraine, and why Victoria Newland was quoted as saying the US spent 5 billion to get “their guy” in power there. On and on it goes.
 
So, Doc Skidmore found that 21 trillion appears to be missing. Wait until he finds out where some of that 21 trillion originally came from. Frankly I hope he stops asking. It will be bad for his health.
 
The Market:
 
Sea change? Is that what we’re facing here? The market has now fallen for 3 days in a row, something more rare than hen’s teeth. Is this the start of something, or just a pause before the last big push into year end?
 
It’s a great question and no, I don’t have the great answer. Why? Because before 2009 it would have been an easy call. I’d say “We’ve come way too far, way too long and prices are nuts. Values are non existent. P/E’s are at nosebleed levels. It’s over”
 
But this isn’t 2009. This is 2017, a year in which we see the Swiss National bank owning more facebook than Zuckerberg. A year where Mario Draghi at the ECB is still pumping 40 billion a month into the “system”. A year where Japan was willing to “do what it takes” to keep their economy humming, including printing Yen.
 
In other words, with the Central banks behind this market, it’s very hard to say that the run is over. A pause, yeah maybe. But over? That’s a tough one. On any given day the Swiss could buy up 5 billion worth of  the S&P or the DOW and “boom” up we’d go.
 
This is all new folks. Sure, the Central banks played in the markets before 2009, but not like this. We didn’t have a Federal Reserve printing 4 trillion, and the ECB printing a few trillion, and the Japanese printing trillions. Today that’s the norm.
 
So while the market feels tired and we appear to be running out of steam, saying that this is “over” is very hard.  My guess was that sometime between December and February that yes, the market rally would finally run out of gas. Could it be now? Yeah it could. But it’s hard to believe it.
 
Look at the techs over the past few days.  AMAT had fallen over 10 bucks a share over the past several days. I’m not talking about a 200 dollar stock folks. This thing fell from a high of like 60 to 49. That’s pretty hefty selling, and it was clear that some big funds wanted to lock in their tech gains.
 
So, we’ve got sector rotation, we’ve got some funds pocketing profits and we have a sluggish overall market. But we still have central banks, and we still have the fund managers that are still chasing performance. It will be interesting to see what wins.
 
On Friday we get the Jobs report, and then after that we won’t get anything major until the Fed’s hike rates the following week. Will the market accept another quarter point hike, or will it whine and carry on and pout? I think they’ll try and hype it as good news that the economy is doing well, but behind the scenes, they know that rising rates are never very good for stocks.
 
I think it’s time to be pretty cautious. But then again, there’s been about 15 times over the past 3 years when I’ve said that, and they’ve simply powered the market higher. Maybe 16’s a charm.  Good luck out there. 

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