QUESTION: Marty, I’ve been reviewing all of the reviews you’ve distributed on the WECs. I want Trump had attended—I recall he was within the subsequent room one 12 months. Not solely have your warfare cycles been astonishing, however you additionally forecast this collapse in confidence in governments that may ship long-term charges up. I bear in mind again in 2022, you stated 5.5% on the 30-year could be the breakout. I’ve reread your 2022 Liquidity Disaster report. Anybody who dares to query your forecasting is solely a troll for the Neocons.
Will you could have any surprises at this 12 months’s WEC? Now we have a lot on the desk—warfare, rates of interest, sovereign defaults, inventory markets, gold, to not point out the election craziness.
You moved to Florida again in 2016 and stated your fashions had been displaying a long-term decline for the NY space, even predicting that Wall Avenue would depart. All of these issues sounded nuts again then—and right here we’re immediately.
JB
ANSWER: Nicely, we now have the whole lot from Sovereign Debt Disaster that has reached $400 trillion whereas everybody appears solely on the USA at $40 trillion, the actual risk of nuclear warfare, rates of interest that the central banks don’t have any management over and the morons who maintain speaking about inflation {that a} central financial institution elevating charges won’t make oil costs decline in the course of a Value-Push-Inflation. I warned that politics would develop into dramatic and confirmed the pc warned that the Democratic Celebration might break up. Now even James Carville says it ought to break up.
In addition to the 72 Yr Revolution Cycle of Russia beginning in 1917 that coincided with the ECM 1989.95, and even the actual property crash of 2007 to the day when the ground merchants had been calling it Armstrong’s Revenge, The pc was appropriate on the Trump election and forecast the rise in civil unrest from 2020, the commodity increase, the rise in authoritarianism from 2020 into 2032, many overlook the 2011 forecast for the rise in Marxism within the West some name Progressivism.
The proof strongly signifies that progressivism skilled a big resurgence in 2011, pushed by a wave of grassroots activism in response to financial inequality and conservative coverage pushes. This was the prelude to our forecast that the Democratic Celebration would ultimately break up. Certainly, a number of key actions and occasions happened in 2011.
The Occupy Wall Avenue Motion was an enormous one. I bear in mind strolling out of the workplace in Philadelphia again then and the protesters screaming at me calling me a “company liberal” the place they had been simply throwing phrases round that had no which means. Starting in September 2011, this motion introduced the nationwide dialog round financial inequality—popularized by the slogan “We’re the 99%”—to the forefront of American politics. It energized the progressive left and drew consideration from labor unions and even some Democratic lawmakers.
The Wisconsin Capitol Protests additionally happened in 2011 earlier within the 12 months. That was additionally huge protests that erupted in Wisconsin in opposition to Governor Scott Walker’s invoice to curtail collective bargaining rights for public staff. The state, a historic birthplace of the progressive motion, noticed tens of 1000’s of protesters, reinvigorating labor and progressive activism.
By November 2011, progressives celebrated a number of key electoral wins. Voters in Ohio decisively repealed an anti-union legislation, and in Mississippi, they rejected a “personhood” modification that may have severely restricted abortion rights. These had been seen as direct rebukes to conservative agendas.
The actions of 2011 obtained help from established progressive figures and establishments. The Congressional Progressive Caucus voiced solidarity with the Occupy protesters, and labor unions actively partnered with the motion. Publications like The Nation additionally highlighted the 12 months’s activism as a big second for progressivism.
The rise of this progressive motion in 2011 was proper on track. I’ve stated many occasions that the final three wave of a 51.6-year cycle are at all times probably the most chaotic. We must evaluation the place to stay for certain. We see the Nice Migration within the USA from Blue States which have misplaced their thoughts like NYC and the flight to the crimson states like Tea=xas and Florida.
Texas has constructed a brand new inventory trade that’s actively competing for enterprise from New York. The Texas Inventory Alternate (TXSE), primarily based in Dallas, formally launched full buying and selling on July 31, 2026, and it’s already making strikes to problem the long-standing dominance of the NYSE and Nasdaq. Philadelphia holds the title of the primary inventory trade in america, with its origins tracing again to 1746 and its formal institution in 1790. The New York Inventory Alternate traces its founding to the Buttonwood Settlement in 1792, with its formal group as a board occurring in 1817. The brand new TXSE will ultimately dwarf NYC and so they inevitably will search to tax inventory transactions and many others.
Mayor Zohran Mamdani has actively thought of and supported new taxes associated to monetary transactions. Whereas his focus has been on high-value actual property fairly than a basic tax on all monetary trades, he has supported proposals that perform as transaction taxes on luxurious property purchases. Nevertheless, there was imposed throughout the rise of the progressive period that culminated within the Earnings Tax in 1913, taxes on monetary transactions. New York State Inventory Switch Tax was created in 1905. New York State, at the side of New York Metropolis, enacted a tax on the switch of shares in 1905. This tax was initially a half-penny on inventory trades, and it was collected till 1981, when it was eradicated. It has been a topic of ongoing political debate, with current proposals to reinstate it.
Then there was the Federal Inventory Switch Excise Tax imposed in 1914 to pay for World Struggle I. On the federal degree, a inventory switch excise tax (typically referred to as a documentary stamp tax) was imposed on the issuance and subsequent transfers of securities. This federal tax was in impact from 1914 to 1966.
We may have a full plate this 12 months between warfare on 4 fronts, sovereign money owed, bond disaster, rising rates of interest which might be NOT pushed by inflation, three political elections, the Every little thing Bubble, after which political infighting, impeachments, and obstruction of the whole lot.
