It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. Henry Ford

Those who surrender freedom for security will not have, nor do they deserve, either one. Benjamin Franklin

The idea that you know what is true is dangerous, for it keeps you imprisoned in the mind. It is when you do not know, that you are free to investigate. ~ Nisargadatta Maharaj

Tuesday, 5 July 2016

I thought this was an apt quote about the EU,although it is actually taken from an article about health in America

"Centralized systems are inevitably hijacked by vested interests in a way that is simply not possible in highly decentralized systems.  Powerful vested interests rig centralized systems to protect and extend their privileges and profits.  This dynamic is a positive (self-reinforcing) feedback loop: the greater the centralization, the greater the influence of vested interests, who increase the centralization that benefits them.
Though it is poorly understood by conventional economists and political scientists, centralization makes it inevitable that the interests that benefit most from centralization (corporations) will serve their self-interests by gaining control of centralized power via lobbying and political contributions.
Once entrenched interests have purchased influence over politicians and regulatory agencies, they use the power of centralized government to limit competition by erecting regulatory barriers.  The regulatory system is soon approving whatever reaps the most profit for the big corporations and restricting alternatives to corporate products.
Before centralized federal and state government agencies and big corporations became dominant, decentralized family-owned farms and grocery stores were the norm. Anyone seeking to control the entire sector faced an essentially impossible task.
Now, a handful of corporations control key sectors of the food/healthcare complex: seeds, chemical fertilizers, processing of food into consumer products, distribution to consumers via grocery chains and the fast-food industry, and the healthcare/pharmaceutical sectors."



  1. Nifty hovers around 8350, midcap rises; UltraTech hits new high

  2. Hey CR,

    DOW Daily

    There is only one DOW point to the upside that breaks this wave count. As I see it the last wave has to complete a very low degree 4th and 5th wave. This means it goes down marginally and then up marginally to complete without breaking 18167.63. Then it goes down in what looks like a minor degree third wave to around 15988 by around 11th August.

    If 18167.63 is breached just means this wave count is invalidated but not that a new high is reached. Price needs to breach 18351.36 for a new high and the high degree B wave scenario is not correct.

    If this wave count is correct would give the DOW somewhere between one and four days before it starts going down.

    Shanghai looks like it will commence going down in the next session, maybe two. Have a different count for Shanghai as the time for the triangle to unleash has elapsed. Instead I think it is a contracting diagonal down (wedge). This means the drop will be much less in both depth and momentum. About 21% in something like 6 weeks from now. Have a low for the wedge at around 2379.

    I know you are not keen on Elliot Wave but many of these setups go off like clockwork. Not saying this one will but with all the up/down going on with almost complete retracement since May 2015 this is strong indication of a market about to crack. Since it is currently just one point in it this wave count could crack it very shortly.


  3. The link to Photobucket for DOW chart does not seem to work well for some reason. This Flickr link worked for me so hopefully it will work when I post it here.


  4. Thanks JD,I will post it. I like the Dow yearly chart in your photobucket !