The “final doom” of America may very well be at hand due to the appearance of a little known, and even less understood by the masses, stock market technical analysis pattern Ominous reports have been emanating from the United States this past week warning that called the “Hindenburg Omen“.
The Hindenburg Omen is named after the 1937 German airship disaster [photo top right] that occurred at the United States Lakehurst Naval Air Station and was developed by a blind and secretive American physics mathematician named Jim Miekka who writes a highly regarded, but little known, stock market analysis letter called the Sudbury Bull & Bear.
The five criteria of the Hindenburg Omen are:
1. That the daily number of NYSE (New York Stock Exchange) new 52 Week Highs and the daily number of new 52 Week Lows must both be greater than 2.2 percent of total NYSE issues traded that day.
2. That the smaller of these numbers is greater than or equal to 69 (68.772 is 2.2% of 3126). This is not a rule but more like a checksum. This condition is a function of the 2.2% of the total issues.
3. That the NYSE 10 Week moving average is rising.
4. That the McClellan Oscillator is negative on that same day.
5. That new 52 Week Highs cannot be more than twice the new 52 Week Lows (however it is fine for new 52 Week Lows to be more than double new 52 Week Highs). This condition is absolutely mandatory.
The first alarm that the Hindenburg Omen had occurred was raised by another US market investor newsletter called Zero Hedge who on August 12th wrote:
Interesting to note is that when Miekka was informed by the Wall Street Journal on August 14th that his dreaded Hindenburg Omen had been activated he was not aware of it, but after plugging in the data about the US markets into his model was “taken by surprise” when he saw it was true.
As news spread around the World that the Hindenburg Omen had been activated fear began taking hold and markets began to crumble, a situation made even worse after top British investor David Buik of BGC Partners, like Zero Hedge had done the day before, warned in the Daily Telegraph that this omen is “easily the most feared technical pattern in all of chartism”.
Adding to the fears of a US market crash of unprecedented proportions, and that will carry the rest of the World down with it, was a warning issued by Dr. Laurence J. Kotlikoff, the top professor of economics at Boston University, that the United States is completely bankrupt and the news of this fact is being kept from the American people by their elite leaders, and as we can, in part, read:
“Last month, the International Monetary Fund released its annual review of U.S. economic policy. Its summary contained these bland words about U.S. fiscal policy: “Directors welcomed the authorities’ commitment to fiscal stabilization, but noted that a larger than budgeted adjustment would be required to stabilize debt-to-GDP.” But delve deeper, and you will find that the IMF has effectively pronounced the U.S. bankrupt. Section 6 of the July 2010 Selected Issues Paper says: “The U.S. fiscal gap associated with today’s federal fiscal policy is huge for plausible discount rates.” It adds that “closing the fiscal gap requires a permanent annual fiscal adjustment equal to about 14 percent of U.S. GDP.”
Unfortunately for the United States, and as pointed out in a recent New York Times article on how severe their Great Recession is becoming, the tax revenue needed to close this 14% “gap” does not exist as America is currently experiencing its “steepest and longest decline in tax collections on record.”
A major US gold investor newsletter called Gold Seek further warned that “never in US history has a recession struck after several extended months of emergency ultra-low interest rates” and that the US Federal Deposit Insurance Corp (FDIC) has recently warned that the bank failures are nowhere finished as they expect at least 1,000 more American banks to fail before the year is out.
Even worse for the American people are the reports this past week showing that their once vaunted social safety net system called the Social Security System has gone into the red for the first time in its history.
The response to all of these dire conditions facing the American people by their elite leadership class led by President Obama can only be termed as “shocking”, and as best summed up by the influential British journalist Nile Gardiner writing in his Telegraph article titled “The Obama presidency increasingly resembles a modern-day Ancien Régime: extravagant and out of touch with the American people” wherein, in part, he says:
“What the great French historian Alexis de Tocqueville would make of today’s Obama administration were he alive today is anyone’s guess. But I would wager that the author of L’Ancien Régime and Democracy in America would be less than impressed with the extravagance and arrogance on display among the White House elites that rule America as though they had been handed some divine right to govern with impunity.It is the kind of impunity that has been highlighted on the world stage this week by Michelle Obama’s hugely costly trip to Spain, which has prompted a New York Post columnist Andrea Tantaros to dub the First Lady a contemporary Marie Antoinette. As The Telegraph reports, while the Obamas are covering their own vacation expenses such as accommodation, the trip may cost US taxpayers as much as $375,000 in terms of secret service security and flight costs on Air Force Two.
The timing of this lavish European vacation could not have come at a worse moment, when unemployment in America stands at 10 percent(actual is much higher), and large numbers of Americans are fighting to survive financially in the wake of the global economic downturn. It sends a message of indifference, even contempt, for the millions of Americans who are struggling just to feed their families on a daily basis and pay the mortgage, while the size of the national debt balloons to Greek-style proportions.
To what this “massive centralized government” Obama and America’s elite want for the United States we can glimpse from a recent speech given by former US diplomat and Presidential candidate Alan Keyes who warned:
I strongly advise you to get real gold and silver, at anywhere near today’s prices, while you still can. The fundamentals indicate rising prices for decades to come.
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