What makes the rich get richer and the poor get poorer? The answer is always not far-fetched. The rich use principles that are requisites to acquire in wealth, which the poor do not. Simple. I strongly believe that there is nothing new under the sun, as the Bible says. Whatever needs to be achieved in this world has principles that should be followed if it must be achieved. All inventions are based on principles. An airplane flies based on principles fulfilled during its invention. A train works the way it does based on principles fulfilled in its creation. We become whatever we desire to be if we follow the principles guiding what we want to become. Just in the same way, you must graduate from College of Medicine before you can proceed to become a qualified doctor. You must add head to the principles of wealth before it can come to you. So far, this year, no book has launched me into the principles of wealth generation, more than T. Have Ica's book, The Secret of a Millionaire Mind, has. It is not the perfect book on knowing the principles of wealth generation, but it does a good job of reiterating the importance of your mindset to wealth generation. In today's video, I will be sharing with you three valuable lessons I learned from reading T. Have Ica's The Secret of a Millionaire Mind. Subscribe to this channel so you don't miss future updates. 1. If you want to change the fruits, you will first have to change the roots. If you're going to change the visible, you must change the invisible. T. Have Ica was a hard worker who wanted to succeed ethically at all costs. Like all hard workers, he did all he could to succeed, but kept failing to hit financial success. Eventually, he ended up broke and living in his parent's basement. All the while, he kept wondering why he worked so hard but never got rich. One day, his father's friend, a rich man, saw him and peached him. The man told him, riches isn't about struggling. To become rich, you must understand the mindset of the rich. There's a way to rich think that keeps them rich, and there's a way the poor think that keeps them poor. To be rich, you must think the way the rich think. In trying to change our lives for good, most of us focus so much on changing the outside while living the inside intact. In truth, with the old way, you cannot achieve the new height you are trying to attain. Every new level must require a new relevant mindset. Jesus Christ said, out of the abundance of the heart, the mouth speaks. That means your life is as a result of what your mind is full of. No man will ever rise above the state of his mind. This is why you can give a man with a poor mindset over a million dollars and he would still be poor in less than two years. But give a man with a rich mindset, just a few dollars, and he would multiply that money in no time. The first step to acquiring wealth isn't struggling to gather wealth, but agreeing with your mindset to that of the rich.  I believe this foreshould as well, and in less than two months, I went from rich to dead broke. For more than two years, nothing changed until I changed my mindset. If you want to change the result of your life, change your mindset and walk so much on your mind until you start to think and reason the way the rich do. You cannot become on the outside what you have not become on the inside. 2. If you want to make a permanent change, stop focusing on the size of your problems and start focusing on the size of you. I know many people will talk so much about what they are going through, but they never talk about solutions. When I was dead broke and was continually trying to get up on my feet, but couldn't, I used to have a friend who would come around to visit me, and each time she left, I would be more depressed. The reason was, she would tell depressing stories of how she was struggling, how things weren't working, how much she was suffering, and it seemed she felt comfortable in that suffering, although she didn't like it. I learned to stare close at folks like that. Talk so much about your problems, and they become bigger. Talk about solutions and how big you are to solve them, and the size of the problems widows. Situations, things, people, take shape and size in your mind that you see. When you magnify a problem, you reduce your capacity to be able to face it. Thus, whatever energy could have been devoted to fighting that problem until you have victory is wasted. A lot of successful speakers often talk about believing in yourself before you can succeed.  See, a man who believes in himself, but is poor now, will soon grow out of that poverty if you hand them the relevant resources. Believe in yourself, believe you can do it, believe nothing is beyond you, but everything that comes your way is suited for you, and you can face it. When you are so convinced about your capacity and importance, you will naturally attract wealth because you will know that you are capable of getting it, and so will do all it takes ethically to get it. 3. The number one reason most people don't get what they want is that they don't know what they want.  Our lives are suited to be focused, otherwise we will achieve nothing meaningful. For so many years in my own life, I wanted to have money, I wanted to succeed, so I worked on different ideas for almost every two weeks. This week, I would get a plan to start this business, I would immediately get to work launching that business, and two weeks later, I would discover an idea, then give up on the old idea and try this new one. Too often, I always wanted to implement all the ideas at once, I didn't know what I wanted. When you don't know what you want, you will never set your priorities right, everything goes.  The strongest principles emphasized the Napoleon Hill's think and grow reach, is desire. Only an intense, fiery passion will lead you to the life of wealth you want, and that intense desire must be focused on a single specific goal, one that you would be so sure about, even if you suddenly are worked from the bed. Edwin Baines was so convinced about what he wanted, to become a business partner with Thomas Edison. He understood this is what he wanted, and he didn't let anything shift him away from it. As soon as he identified what he wanted, he had also identified activities and actions that would help him achieve it. When you know what you want, the how of getting what you want will show up. A clear goal supported by an intense desire produces the kind of result you want. This is one of the reasons why poor people stay poor, and rich people remain rich. Remember these three powerful lessons from T. Hab Ecosys, the secret of a millionaire mind, if you truly want to build a life of wealth. If you want to change the fruits, you will first have to change the roots. If you are going to change the visible, you must first change the invisible. If you want to make a permanent change, stop focusing on the size of your problems, and start focusing on the size of you. The number one reason most people don't get what they want, is that they don't know what they want. If this video inspires you, like the video. We love you.


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The following is a presentation of TFNN. The following is a presentation of TFNN. The following is a presentation of TFNN. We are looking at the rally in the FTSE and we are having an extension of the rally here. If you remember folks yesterday, we were talking about the S&P and we were talking about the importance of that area at 2940. And we also talked about the importance of 2900. And the reason why I am going to bring this up is we had several people asking about it. It didn't go to 2900. It went to 2895. Take a look at that. You'll see that was an exact 382 retracement of the low from August of 15th. It was also very, very close to that perfect ABCD pattern that you can see there that came in at 2897. So that's a very important. Now we are rallying back. We are getting up into that 2935 again. So that's going to be another interesting one to look at. 2940 should be some pretty stiff resistance. I wouldn't be surprised to take it out, but then whether it goes back down below it or not remains to be seen. Oh good. We have Stan Harley is going to be our guest at the half hour break at 930 today folks. So that will be good. We haven't had Stan on for a couple of weeks. So we have to give a hand to one hand clapping because that fellow has caused that bond market. He's been extremely bullish bonds and they've gone ballistic. So we want to talk to him about that. That will be at the half hour break. So that's another one. Now we need to do a little heads up here. We have Ruby of Ruby in the Romantics with their call on the cattle. We want to move this over here. Yeah, everybody loves Stan.  Here's the December cattle folks. We talked about that 1.618 level hit it exactly. You know, that's the end of the Fibonacci spiral. If it goes beyond that, you know, God doesn't know where it's going. Well, she knows, but she doesn't trade anymore. But that's had a nice rally of a couple of cents off the bottom. So if you're in that cattle, you certainly don't want to risk anything now. It doesn't want to go down there and look at that 1.618 number anymore. We see the same thing in the hogs. I didn't put the hogs up because I got too much to cover this morning. I was trying to do too many things, I guess, but that's the way it goes. Hogs have moved up pretty good. Cattle have moved up pretty good. So those should have a pretty good bounce in here. It's still a bear market, but we should have a pretty good bounce. Now we need to bring a couple others that we want to watch on. And that is the Cup of Joe here. This is a real interesting pattern here in the coffee folks. You'll notice here that we hit the exact 78% level down there at $93 a pound. We've rallied up to $97 a pound. We pulled back to $94 a pound and then reversed and closing up on the day at $95.50 a pound. That means that you can trade coffee for less than two cents a pound because if it trades below $94 again, most probably something's wrong. And that's the real beauty of when you're doing risk control with pattern recognition. You try to find those where you've made a really strong support level to hit and then you retest it and that tells you that there was no more selling there and then you've got a chance to see the market rally pretty nicely. That's really what you're trying to do with pattern recognition. It is a good way of looking at the probability of the trade working. You usually have the odds are about two to three in your favor, around 60% or so. And the risk reward on those is usually two and a half to five to one depending upon when you enter and what the strength of the downtrend or uptrend is. But that's what pattern recognition is all about, folks. That was handled in Andrew Lowe's book, The Non-Random Walkdown Wall Street. And he has so many of the sophisticated formulas in there that it's just really incredible. But if you practice a little bit, you can see what he's talking about without having no calculus and all the other stuff. So that's just my two cents worth. So keep that closely in mind. Someone's asked me a question about the tariffs, folks. I don't know anything about the tariffs. I do know that it's in the news all the time. So if they ever come to some agreement, that will most probably make the stock market go up. But heaven help it if it doesn't, because that means that news has already been in the market and the damage has been done and then we'll start down. But right now, all it takes is a little tweet here, a tweet there, a signature here, a signature there. And it could be a game changer in some of these things. The reason why you say that is because we've come back so strongly from those lows that we made back in early August. And that's a very, very powerful sign. We just barely yesterday, even with the sell-off, down several hundred points, we could just barely make a 382 retracement, which is in itself quite bullish. And when you added that, it was right at an ABCD. That gives you a pretty good indication of what's happening. I did listen to, there was a little quick report today on Bloomberg about Jeff Grundlach of a double-lined capital. He says that the Federal Reserve has lost control. I think they lost control with helicopter bin myself, but, you know, I don't know. Back in the days when I was trading on the Florida Exchange and also at Drexel, the big thing of the week was the 115 money supply, the M1 and M2 that came out. I mean, we lived and died on those in the T-bills. And that was the big market to trade during that time. That was before the S&P. You know, the T-bills were the... they were swinging the big hatchet all over the world, the T-bills, and it was... and also Jenny Mazer in there, too. But the T-bills were really a big thing to trade.  And so the swings that we had were amazing. Sometimes it was around $3,000, $4,000 a day, much like we see some days, you know, it's real quietly in the rest of... Here's David. David White has again salvaged me again. He's posted, the Federal Reserve has lost control of interest rates as evidenced by the federal funds rate trading higher than any part of the U.S. Treasury curve, Jess Grundlach, the chief executive of Double-Line Capital on Tuesday. What else you need to know to call an inversion? Grundlach said and told, everyone is paraphrasing all of these little arbitrary things, but we've got an inversion. Okay, and we got the bix at 1580. That's had a nice move down. I will ask Shane, as a matter of fact, I hope Shane is listening to us today. He usually does. And he could tell us whether the Fed has lost control. I mean, they're doing the usual thing, whether Grundlach is right or not. It doesn't make any... Oh, here's a little copy out here. Grundlach says the only thing wrong with my analysis here is that somebody at TFNN, Mr. Larry Pezzavento, is also said that the Fed has lost control. Well, at least he's got a way out. All right, boys and girls, let's be right back.<PHONE_NUMBER>. If you're not currently using the TAS Profile Scanner when looking at setting up your trading opportunities, then your arsenal is short a mighty weapon. The TAS Profile Scanner is a standalone piece of software that instantly filters over 2,500 global financial markets such as stocks, ETFs, commodity futures, and forex. Heated by Steve Dahl, TAS understands that in today's technological world, the use of top-flight software applications and technical analysis expertise is essential to successful trading in today's market. You also gain access to the webinar that Steve Dahl and Tom O'Brien just hosted, the best way to use the TAS Profile Scanner to profit. 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Before you make one of the biggest decisions of your financial future, call Tiger Real Estate LLC today at<PHONE_NUMBER> or email us at tiger at TFNN.com. That's<PHONE_NUMBER>. Call us today. Many of our new listeners have heard about Tiger Real Estate is a lively community where professional traders and investors can meet, exchange ideas and information in a comfortable, moderated atmosphere. Hear all of the TFNN shows, plus see all of the charts as they happen live and have access to archives of all of those charts. You can test drive the Tiger Real Estate absolutely free for 30 days and greatly enrich your knowledge of these markets and how to make your money work for you. Details on the Tiger Real Estate are on the front page of TFNN.com. TFNN has launched our brand new website. You can still visit us at the same TFNN.com URL. But when you do, you'll see a new and improved homepage with a much simpler navigation, whether you're watching Tiger TV live in high definition or just accessing your newsletter subscriptions. We even have new pricing in six months and yearly options. Check out the new TFNN.com now and experience all the upgrades. TFNN.com educating investors. Call now toll free at 1-877-927-6648 internationally at<PHONE_NUMBER>. Okay, we're back folks and I did hear from Shane. He was listening and he said the Fed is in total control that they people that just don't understand how they use the market forces that they have in their favor, which I have to agree with that. He certainly led us to the light over this past few years listening to what he has to say. So I'll stick with him and think that the Fed still pretty much knows what they're doing. Remember it's a private corporation folks. It's not the US government, even though it's on Pennsylvania Boulevard there, Pennsylvania Avenue there in Washington DC right down from the White House, but it is a private corporation. Let's move on and talk a little bit about the sugar. Put this up for Ruby. We're right at that area where we're in major support back to that level of around 11 cents. So we need to watch it very, very closely going below there and breaking down in both coffee and sugar would be leading to the deflationary scenario. The same thing would be true in cattle and hogs. And but I really think they're going to hold up. That's just my two cents worth, but we'll have to wait and see if that is going to happen. All right. The next one we want to talk about is the slippery one from crude oil. Let's get up here and take a quick look at it. We got up to that 78% level here. We hit 8691 last night. We're now trading at around 8680 right at the 78% level. So whether this crude oil is going to be on top of the market or not, you know, we'll have to, we'll have to wait and see. But right now it's acting relatively well. We'll keep a close eye on that. I guess that's my thing that I fall back on when we look at it. I don't think Shane has, he's pretty busy this morning, so he's not going to be able to call in. He skyped me to tell me that the Fed was still in pretty much in control and he spent so much time talking to us about that and show he's actually, you know, proved to how they do it. So it's not anything wrong. Hopefully he gets in, we'll be able to, we'll chat with him if he does get in. So we'll see what goes on. Okay, you know, I think part of that thing, Steve Rhodes is talking that the pumping of the global flow of capital is pretty very, very important too. And a lot of that capital is in the bond market and there's any problem in any market, I would think that would be it because that's the one that looks like a, okay, I'm sorry about that, Al. I didn't mean to get you in a quagmire there, but I'll do my best to work through that. But we will have Stan Harley as our guest at the half hour level. One person asked about the Bitcoin, so let's take a quick look here at the Bitcoin. It's actually held up pretty nicely down at that 9,800 level and we started to come back again. So you had that really nice bottom in there. You see those 78% bottoms right there? It's really nice. This is a four-hour chart, so it covers several weeks and the 78% level on each of the pullbacks has been pretty much spot on. That tells you that even though it's a lot of different exchanges, you know, that's it. You're right, the stock market is not the economy. I agree with that. And what Bernard Baruch said in his book, it's not a stock market, it's a market of stocks. So that's important. That book that he wrote, The Autobiography, called My Own Stories, one of the best books about psychology you can ever get in because two of the things in that book. Oh, Shane, are you on the line? Good morning, Larry. How are you? Hey, good morning. Well, we had someone said that the Fed's out of control. You want to give us your two cents worth, my friend? Well, can you see the screen that I have here? You know, I have not been able to see it, but let's just double-check here. No, I don't think so, but we'll get it posted for you. So just go ahead and then we'll post that chart so you'll be able to see it. Okay, so I think in essence what people are looking at is they're looking at the yield curve inversion, the two-year inverting across the 10-year. And, you know, of course the 10-year is the most liquid, you know, instrument that we have in the bonds. And when that's happened in the past, that has always been a signal of recession. And initially, there's no initial reaction seen, but traditionally, poor economic data usually follows at some point, close after the inversion. So we really haven't seen that quite yet. We've seen some issues with manufacturing, but the jobs are more or less stable. Retail sales good. Walmart's been having good numbers. So I don't really see any economic data yet to follow that. And usually we've seen these large downturn and stocks and recessions following the yield curves. And that's the traditional formula of the yield curve inversions. So they're looking at the Fed funds rate being the short-term being, you know, too high in essence. And they're saying the Fed has lost control. But what they're not looking at is what's going on behind the scenes. And the Fed has essentially figured out how to keep these rates, you know, relatively high, let's say relatively high because, of course, we have these negative yield rates across the world. The United States, the two year right now is holding right around 1.51%, which is much, much higher than countries like Germany and Denmark that are, you know, negative 0.92%. And a lot of these countries right now that are in these negative yields, when you look at Spain, Belgium, France, Germany, Denmark, these are a lot of countries that have very high entitlement type of economies. They have this socialized medicine. So I think what you're seeing is, I mean, my feeling is that these types of programs weigh on the economy. So it creates problems for these countries. Now, if you were just looking at that, you might say, yes, they're losing control. But I don't think so because I think what the Fed wants to do is create, you know, they want to create strength in the U.S. dollars, the world reserve currency. They're trying to achieve that objective on one hand. On the other hand, they're behind the scenes. They're still creating this juice on the markets. Now, this is what I measure. This is what I collect every day. I look at this broad range of data that I get from the Fed. And so they're not really looking at that. They're just looking at the surface. They're looking at these inversions. So from that perspective, you know, yes, they're probably saying the Fed has lost control. But from what I look at behind the scenes, I see no signs of that. In fact, I see a Fed that is completely in control of the markets. And I think they've stemmed the selling now. And I think that we are ready to go much higher on this market. And I think we're on the verge of not just a bull, but I think a super bull. I think this is this one's going to go probably a year, a year and a half. And it's going to surprise a lot of people. There's a lot of things now that can come out and happen. You've got the Jackson Hole speech this Friday. And so people remember this is when Bernanke sent the markets to the stratosphere on this. This is a very important speech. Now, the last time the Fed spoke, they misspoke and said that this was a mid-rate adjustment. And then Trump came out and misspoke. So there was a lot of misspeaking. I guarantee you the Fed is not going to do that again on Friday. They're going to come out with very positive language for the markets. And all that has to happen is to give a strong speech. You know, they're probably going to be cutting the next two meetings. I think there's room for a cut in between because they want to bring the front end of that yield curve down. That happens. And then if Trump signs some type of a truce with China, I think you're going to see this bull take off. And I think your guess that comes on at the half hour, if I recall correctly, I think Stan Harley is also bullish on this market. But I think this is going to be a super bull coming up. I think it's going to be at least a year, probably a year and a half run on this market. And I think it's going to take a lot of people by surprise. That certainly makes sense. Well, I want to thank you for calling in today because we've had several questions about, you know, Grundlock and, you know, some of the things that people say, but, you know, he's a big shot, so people put him on Bloomberg and he says something. Everybody listens. So thanks for calling in. Thanks, Larry. I really appreciate it. Thanks for calling in. WolfTrader.com. Thank you very much, my friend.<PHONE_NUMBER>. His subscribers on a daily basis when the markets opened and even on weekends. Each Monday, you'll receive Larry's written report that provides detailed commentary and a summary on the charts and videos that Larry sends out. And throughout the week, when warranted, Larry will send out via charts or videos or both the key markets that he is watching during the day. This will be up to the date active trading information that will help you in your daily trading. In Larry's first week alone, he sent out 25 charts, six videos and a full report to his subscribers in just one week. If you're a technical trader that uses patterns and retracements to trade, then Larry's service Fibonacci 24.7 is something that you must try. Right now, new subscribers can get a full 30-day money-back guarantee. With nothing to risk, sign up now to Larry Pesavento's Fibonacci 24.7 by visiting the front page of tfnn.com under Trading Newsletters. The path of least resistance is David White's daily trading newsletter. And if you're looking for active trading ideas, then now is a perfect time for a 30-day free trial to this powerful daily trading advisory service. David uses his years of trading experience to offer his subscribers his trading ideas each morning in his path of least resistance newsletter. Using a combination of equity trades along with options, David keeps his subscribers up to date with all pertinent market information with intraday afternoon updates when warranted. Don't miss out on this great chance to get a 30-day free trial to David's daily newsletter, The Path of Lease Resistance, with no obligation to pay anything. David has been delivering solid recommendations for his subscribers recently, and if you'd like to see the type of newsletter he delivers every morning, then visit the front page of tfnn and you'll find The Path of Lease Resistance under Trading Newsletters. For all the details and to start your 30-day free trial today, log on to tfnn.com now. 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Don't miss out on this incredible new piece of software. Get your copy of The Art of Timing the Trade Charts today by visiting TFNN.com. This segment is brought to you by Think or Swim. For more information, just click the Think or Swim banner on the front page of TFNN.com. Okay, we're back, folks. And I believe we have Stan Harley, the Harley Stock Market Letter on the line. Stan, are you there? Good morning, Larry. Good morning to you. Stan, is any truth to the rumor you're going to change the name of your letter to the Stan Harley bond market letter? Well, hey, my friend, I think you should get a sound of a whole lot of people clapping because when you were on here a month ago, you were extremely bullish bonds. And my goodness, we had one of the biggest moves in the two-week period that we've had in bonds. So my hat's off to you on that. I assume you're still looking at higher prices down the road? I think, yeah, we've had a really nice move up here in bonds. We're up against an upper pattern boundary of a one-by-one channel that I showed in my newsletter. I don't know whether you have that, and you can show that on the screen. I don't have it. I'm going to try to find it. I know I've printed it out, but unfortunately I can't print the charts. I just keep talking, my friend. I'll find it. Go ahead. Okay, sure. The bond market has been in a strong uptrend. I think it's going to continue to go higher for about another three-plus years. But in the intermediate term, we're probably up near some kind of a high. We tend to make highs and bonds, lows and interest rates on average about every 40 months. And we're getting pretty near to that timeframe right now for the next high. So I think we might push a little bit higher, perhaps in the early September, but not a whole heck of a lot higher from where we are right now. Yields have come way down with yields on the 30 years, as well as a 10-year down there, historic lows. And what can I say? Yeah, it's been quite a move, but I think it's probably, from the intermediate term perspective, it's probably getting rather mature right now. Okay, Stan, the other question that I have for you from one of our listeners is about negative interest rates. I mean, do you have any opinion on that? I know there are in several countries, Spain, Sweden, and Germany, and Portugal, places like that, but do you have any feeling on that as whether we're going to see that here in the U.S.? Larry, I don't know. Okay. From a longer-term perspective, you and I have talked about this. There is a very well-pronounced 40-year cycle and interest rates, and that cycle last turned in October of 81. I think it's going to bottom the tail end of 2022. How low we get? I don't know. Back in 1940, the yield got down to just under 2% on the 30 years, so my guess is we'll make some kind of double bottom with that. It could be a little above, it could be a little bit below. Whether it goes negative or not, I can't say. I don't know. It's really amazing the stuff that you hear going on in the markets anymore. I mean, everybody's got a different opinion, but I guess that's the way it's supposed to be. Stan, tell us about stocks. I know you're very, very bullish. I mean, we've really had a really big bounce here, and we've gone sideways here now for seven or eight days. Looks like we're ready to break out on the upside. Do you see that happening now? I'm officially bullish with time or die, yes, yes, but in a broader context, I'm saying the bull market express is on hold right now, Larry, and probably will be for a couple of months. I think the high we saw here back on July 26th is probably going to stand for a couple of months, and we are in a sideways to modest downward consolidation phase right now that I think is going to run through the middle of October. We tend to make lows about every 19 to 20 weeks on average plus or minus, and the next low point in that cycle is due in mid-October. So I think we're looking at a sideways congestion here with not much upside potential. I don't see the July 26th highs being taken out for at least a couple of months. Longer term? Yeah, I think we will, but that's probably not coming until maybe Thanksgiving. Something like that.  We're pushing marginally right now above the 18-day moving average, which, by the way, is still coming downhill. I'm looking to charge the S&P, and we're just modestly above it. This market is not going to go appreciably higher with that 18-day moving average still coming downhill. There's got to be some back-and-fill structure on either side of that 18-day to cause it to level off. Once that takes place, we can push a little higher. I think we'll push up towards the upper end of the range. Maybe see some resistance at the 50-day moving average, which on the S&P comes in about 2947 right now. But I kind of keep your bullhorns in the closet for at least a couple of months. That's my message. Okay, that sounds pretty good. I've got another question here. I don't know if it's in your bailiwick to answer, but what is your feeling about when the president talks about tweeting about bad mouthing the Fed? I've never heard of any president ever doing that. Do you have an opinion of what's going on there at all, Stan? That's what I said. Wow, I didn't know how to answer that. Well, on a program about technical analysis of the markets, I'm very leery about tweeting in on anything political. Okay, good. Yeah, I just don't want to go there. Stan, is there any... Don't draw anything plus or minus from that comment, please. Okay, I tried not to... I want to see the leader of the country succeed because if the leader of the country succeeds, the country succeeds. I don't want to see the leader fail. I want to see the country succeed. I agree with whoever that is, that's for sure. Whoever that is, yes, absolutely. Stan, we've known each other a long, long time, and I'm really a technician, so when people ask me some of these questions, I say, my God, where do they come up with these? But I really don't know what to say. I always say it's beyond my pay grade, but I've got a couple of degrees even, but it's embarrassing when I don't know the answer to them because I look at the charts, and if I see something going up, there's more buying. If I see something going down, there's more selling. It's not much harder than that. Well, you and I are technicians, and I think the Federal Reserve is staffed with some exceptionally competent people, but they are, truth be known, they are really not market technicians like you and I. They are quantitative analysts. They do a lot of multiple regression modeling and so forth, and they do the very, very best they can. And for people to come down on them, I think it's probably inappropriate. They really are doing the best job they can. So be that as it may. Is there one trade here over the next couple of weeks that looks the best to you, Stan, that you've got on your radar? Larry, I'm sorry to say no. I don't see a lot of upside potential in bonds. I think we're near the upper end of the range, and stocks also I think are in a sideways congestion band for about the next two months. So from an investment perspective, it's going to be darn difficult, choppy and difficult to trade.  You got me there. Hey, listen, buddy, I want to thank for having you on. I'm sorry I put you on the spot a couple of times, but I don't have the answers either. So if you don't, and I don't, and I think we're okay. Hey, thank you very much, Stan. You bet. Stan Harley, the Stan Harley stock market letter, and the Stan Harley should be bond letter because he really nailed it.<PHONE_NUMBER>. The Tax Act of 2018 set up tax-free zones across the country where you can build and hold for 10 years and pay no tax on the profits, which makes these lots valuable. The investment is anywhere from $30,000 to $75,000. The interest paid is 7% yearly paid on a monthly basis. According to bankrate.com, the best rate for a four-year CD in the country as of February 20th is 3.1%. A $50,000 investment at a normal four-year CD rate of 3.1% would give you income of $1,550 per year, or $6,200 over the four-year period. That same $50,000 investment in the Tiger First mortgage program would give you $3,500 per year, or $14,000 over the four years. What should you prefer? $6,200 or $14,000 of interest on your investment. If you'd like more information about the Tiger First mortgage program, you can call me at<PHONE_NUMBER>. That's<PHONE_NUMBER>. 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Okay, here, if you hold on, folks, I wanted to put up the chart here that Shane was kind enough to send us about the Fed juice because it does a pretty good job of showing what's been going on. And as you can see, it follows the market pretty much what's happening.  Remember, folks, we have 12 Federal Reserve banks reserve banks and each of them has a whole bunch of traders in there usually between 100 and 200 traders you know doing stuff in the markets and stuff so you know they know what they're doing whether they're doing it the right way or not remains to be seen. I'm probably getting more questions about the the currencies that I am about stocks the last 24 hours and I believe it's very important because that euro is still trying to hold above that 11060 level we're down at 11097 right now and I believe it's going to hold that level but we'll have to you know watch it very very closely that's that's for sure you know at least that's the way it looks like from you know just basically you know watching the charts so we want to watch it very very closely. Okay let's move on to a couple of things on the currency since we're on that the Japanese yen has held that really important level down around the 105 it's had a really good oh I'll be happy to take care of the gold and silver here not a problem here the gold I believe we're in a corrective mode in the gold market I sent out a special video on that last night saying that the support should come in around 1507 today so far we've rallied up to 1514 I don't believe gold's going to get any higher than 1524 to 1525 on this little run here that we have the $64 question is is whether it's going to go blasting above that if we can get gold above 1530 then we're going to probably make new highs but right now it looks like the gold is in some type of a of a correction we we corrected $56 to the downside we rallied back 34 so that fits it up and what we've done now it's just gone sideways for four or five days not bearish of course but we haven't exploded to the upside either that could happen supposedly but right now we're just chopping around in here which is pretty much I think normal silver's acting a little weaker than the gold market but you know it's still it's had a heck of a run look where silver was here just last Friday folks you know we were up around you know 1523 or so that's the gold sorry 1523 we're trading at 1512 right now so that hasn't given up hardly any at all correct and the platinum you know platinum had a really nice move we bought platinum just a two days ago and we were stopped out of it today for a very nice profit and you know that's still holding up at the 835 level as long as it can stay above that it's looking pretty good let me do silver here so we don't keep it as a wow what did I do here I mark silver on my charts and it's the gold and I marked the gold and it's the silver boy oh boy shut the front door and raise the rent here's the silver the silver is really interesting because we've had dropping open interest I checked it yesterday the same thing dropping open interest and another one we're seeing the same thing in notes and bonds to dropping open interest that means there's less players in there so that's not a bullish sign on either one of these but we're trading around 17 bucks here in the silver this morning so it's held up you know relatively well what we would like to be doing is when we do get a pullback in this that we get a really clear pattern then we would really want to be a buyer of the gold and silver because that those weekly breakouts you have to respect those that was one of the things that Gartley talked about in his book you know the profits in the stock market from 1937 was to watch weekly breakouts because they can lead to you know really really big things and I think that's relatively important regarding the notes I wanted to bring this up to you just to show you since we had stand on the line and said that they might be ready you know to take a little breather you can see here on the long-term monthly chart you know we made a 78 percent retracement in 1.27 expansion this past week when we had that big move up and whether we're going to remember how many months we've been up we've only been down one month out of the out of the 12 we've had some where it didn't make new highs but it certainly never made new lows so it's been making higher highs now you know for well over a year and that in itself makes it quite a bit overbought but whether that remains to be seen is important we'll have to decide down the road here a little bit now where the question is are we going to get to that 2940 level in the in the S&P I'm not really sure but we did hit the key level here in the NASDAQ right around the 7765 level that looks pretty good and we're 2930 and at S&P is going to be interesting to look at also pay close attention switching back and forth because I'm watching my monitor because I have orders in on a few things but watch that crude oil folks because that's got a lot of things up there that a lot of ABCD expansion patterns and everything at that 57 level in October crude really is a really strong resistance and you know we could make 5740 or something like that but that is a really nice ABCD pattern that we focused on when we first started this show and we ought to bring it up again just to let the folks you know take a look at it just to see you can get a little bit higher now this happens to be let's get this up here this is September crude I switched over to October on Monday and but this is September crude it there's a little bit different September is trading a little bit less than the than the October so you know kind of watch that that's another one that looks you know pretty interesting I think from that perspective and again you got to remember the importance of this number here in the S&P that we posted here on Monday you know we're back up to this almost there right now we're 2828 or 2928 if we could get to 2932 or something like that 2935 2940 but a lot of resistance up there folks so that's a pay attention to that those numbers are they're technical numbers but by golly if you look at them over a long period of time you're going to see that yep they do give you a pretty good idea of what's going on in the VIX index has certainly told us that it's not going in fact is we we thought the VIX index was going to be coming down here you can see it here it's below 16 now so we're right near that area so yeah it should be completing the ABCD there at around 15 and change so that should be just about right with the stock market up you know 200 points so that completes that ABCD in that VIX index so it trades pretty nicely but you know a lot of things do a lot of things don't that's a bottom line all righty you have one other question here and that is about the treasury excuse me the emerging market let's get this up here because we uh brought this to your attention over the weekend that we had that breakout of that triangle that we were expecting we broke about 8 percent below it we completed the ABCD pattern almost at a double bottom which is the 61 percent retracement all of these markets have held folks every single one of these the Hang Seng the Chinese market the emerging markets most of the markets in Europe all have held up so that means a really important support here was hit this week so um we'll just uh just watch it that breaks then we're going to be looking at much lower prices down the road but right now you know these markets have a bullish bias if we close strongly above 2940 in the S&P we we could be looking at some really big uh really big moves uh you know going up into um you know 3000 without any trouble at all that's that's not very far away<PHONE_NUMBER> I'm certain you are or strive to be one of the best of the best at everything you do in life it's the most common trait that we tigers and tigers share if you're looking to become the best of the best when it comes to managing your money let me teach you to do what most wealth managers tell you can't be done which is how to time the markets I'm Steve Rhodes author of mastering probability and for the last 12 months timer digest has been tracking my newsletter signals which have earned me the ranking as their number one market timer in the nation for the S&P 500 for the last 12, 6 and 3 months timer digest also ranks me as the number one market timer for gold as well the fact is markets can be timed and I'll teach you the exact set of tools that I use that has transformed me into one of the best at what I do sign up for mastering probability today by clicking on the newsletter tab on the homepage of TFNN.com and get immediate access to workshops where I take you step by step how to use an extraordinary set of tools as well as provide great market calls to sign up today if you haven't checked out the newsletters page of TFNN.com what are you waiting for all of the TFNN newsletters are informative up to date affordable and a must have for every trader looking to gain a competitive informational edge in today's markets TFNN newsletters cover every aspect of the markets to offer you the very latest in market news plus new subscribers get to test drive our newsletters risk-free for 30 days from all aspects of the markets including stocks bonds metals commodities and tech there's a newsletter to fit your needs exclusively from TFNN stay informed each day you trade and get that competitive edge that will help you stay ahead of the game visit our newsletters page by going to TFNN.com and click the newsletters button near the top of the page TFNN.com educating investors since 1984 basal Chapman has been using the Chapman wave methodology to advise traders of his expert market opinion while originally hand drawing charts from the late 1970s into the 1980s basal noticed that prices under most circumstances virtually always had a certain number of legs to the upside before declining sharply later basal found the computer software which included the standard market technical indicators enhance the degree of accuracy and calling price turns as well as market trend calls thus was born the Chapman wave sequence using the Chapman wave methodology along with other indicators basal Chapman advises his subscribers of his expert market opinion each market day with his opening call newsletter right now you can get a two week free trial to the opening call basal's daily trading newsletter by visiting the front page of TFNN.com cancel it anytime during that trial and pay absolutely nothing get your two week free trial to basal's newsletter the opening call today by visiting TFNN.com this segment is brought to you by think or swim for more information just click the think or swim banner on the front page of TFNN.com okay folks i posted the forecast of what we're looking at here in stocks for today this is the NASDAQ and remember it is certainly experimental you know traded at your at your own risk you certainly don't want to you know if it doesn't work after about 10 or 15 minutes it's probably 100 wrong and that happens about 30 40 50 60 70 80 90 percent of the time but who knows another one that looks real interesting here that has been pretty nice today as far as being able to forecast what's going on and that is the gold market and if it's correct the gold market should top here in about an hour and a half at around 11 o'clock eastern time and then we'll see what's happening remember this is experimental it's based on you know neural network stuff but it works part of the time just like technical analysis it all works part of the time that's the the bottom line it's just keep a very very close eye on that because it's it's pretty pretty important the British pound we keep getting questions about that i really think the British pound is trying to make some type of a bottom here folks you'll notice here that we've hit that 120 level we're trading around 121 50 this morning it's held relatively well but it's close enough that it takes one bad news and it could just literally disseminate so you've got to be uh i don't know if disseminates the right word but it could literally fall out of bed let's put it in the vernacular of southern indiana that we can all understand so below that 20 area 120 area in the british pound you don't need to be a hero meet to try to pick a bottom it's it's not safe unless you got a really close stop in and that's the good advantage of foreign exchange it'll take out almost any order that you bring to its attention we're still close to the bottom in the euro it's trading at below 111 if we get a below 110 it's not going to have many friends folks but that means us dollar will most probably be breaking out above 98 50 and if we look at that 98 50 like we have many times here over the past few days you'll see that uh there's going to be a big breakout to the upside if that does happen in the us dollar index so let's pay attention to that and the most important thing of the day is to live every day in an attitude of gratitude and may god bless and try to do something for someone who has a whole lot less than you today see you


Hello traders at CMC Markets, welcome to a short update on markets by R&G Research. My name is Julius de Kampenaar and I am presenting to you from Amsterdam in the Netherlands. We're going to take a very quick look at the very near-term developments in a few stock market indexes in the chess. Let's start with the, by the way, I'm recording this after the close of the US markets. So in between market opening tomorrow morning for Europe. Starting with the NASDAQ, it started off as looking like a good day but towards the end of the session we actually got a pretty nasty decline and that's visible on this daily chart as well. If I zoom it in a little bit you can see this last candle here which closed towards the low of the session today and that is not a super good sign in my opinion. You can see that we tried to take out that previous high here of the 22nd, didn't manage, moved to the lower end and we're at risk of forming a very short-term double top here. If you look at the RSI and the MACD and I need to zoom out a little bit, you can see here that the RSI is showing what we call a negative divergence that's a sort of a warning signal that at least a pause but possibly a slight turnaround decline is on the horizon. So from this perspective I think that the upside potential for the NASDAQ 100 in a very near-term is going to be very very limited at the moment because of that divergence and the fact that the MACD is about to roll over. So what can we expect? I think that the level that you see here, so the low was 15.90.21, say 15.90.20, if we take that out tomorrow early in the session we're at risk for a further decline towards the first support level which is around 15.7.20 and that's actually the gap area that occurred between the 13th and the 14th, this area here. This is a pretty decent support area, at least for the near-term. So the lower-term picture is still pretty good but in the near-term I expect the NASDAQ to see some form of consolidation, maybe even decline with the gap area here, the higher end of the gap and the lower end of the gap as important support levels. We go take a look at the hourly chart and you can see this a little bit more detail and the RSI doesn't really tell me much because it's right in the middle of 30 and 70 so that's kind of neutral and you can see the same here on this hourly chart over the last week that we kind of stuck between two barriers. So the extremes here, that's around 16.120 and the lower boundary here is around 15.9.30. Obviously as I said coming from the daily chart there is a little bit more risk so I would be focusing on downside price action also when you see that intraday, so this is today's price action or yesterday when you see this, we actually started a series of lower highs and lower lows so the previous low intraday low was taken out here which probably opens up the way for a decline towards that 16.9.30 area to begin with. If you look at the MACD that's actually in a you know falling trends for like two weeks already almost. So outlook for the NASDAQ not too positive, near term very likely some decline, some price depreciation before we can start looking at the upside again. If we take a look at the Dow Jones index also starting at the daily chart and we can see that it is running into resistance and what I'm watching here is the peak that was set in the summer end of July starting of August and the level is 356, let's say 356.70. That's a pretty serious resistance level. If you look at how that the last bit of that rally went and you can see that over the last say 10 days we had a steady move higher but the RSI didn't really move higher it stayed in that overbought area moving sideways so it's it's not pointing down so it's not really a negative divergence but I kind of want to call it a semi divergence there is pressure on the market that's for sure and when you look at the MACD you see that it is in the same area of level wise as where the previous high was set and it's it looks as if it's starting to roll over you can see that the difference between those two lines is already rolling over so there's definitely overhat resistance for the Dow Jones index as well. If you look at a potential target I would say 35k 35,000 is a very good level to watch you can see how that was a low in that topping formation in the summer and then it acted as resistance twice and then actually not too long ago 1, 2, 3 days pressure against 35 before it broke so that old resistance is now very likely to come back as support upside potential for the time being limited to 356 30356 what is that 35660 let's call it like that if we look at the hourly chart and you can see that very nice steady move higher that we saw over the last few weeks I have to say it's a very narrow range and you can see here that there is a divergence building up you can see those two highs were higher what's also kind of a sign of weakness is that these highs the last highs were not able to touch the upper boundary of that channel so it was like one two three four five whatever you want to call it the very reliable rising support line and the last part of that trend didn't reach the upper boundary of that channel which means that sellers were coming in at an earlier level if you look at the RSI you can see that those two peaks were set at the same level while the price was going higher that's a negative divergence and it looks as if at the end of the session yesterday the market actually took out that rising support line opening up the way for at least a temporary decline the MACD is showing you the same picture also pointing to lower prices we go to Europe to European markets so here's the the footsie the footsie 100 obviously that will very likely take an effect take spilling over from the close of the US market so that I'm going to take into effect the the weakness that we saw towards the close of the UK markets spilling over into Europe when we open this morning and looking at the price chart of the footsie you can see that it has been trading in a pretty wide trading range for one two three four like half a year already and then last two days we broke out of an upward move a series of higher highs and higher lows that trend's now broken the the session in the UK didn't end too well yesterday either and you can see the the RSI is kind of neutral there's not much saying but the MACD is rolling over very close to the zero level pointing to some negative price action looking at this chart here I think we can conclude that the upside potential for the footsie is limited and that the risk is definitely there pointing to the level of so there's a support area here between these two red lines that is 7,220 and this is around let's say 7,290 those are the the support levels that I'd be watching and if we make this slightly longer chart then you can see how nice that trading range is we're probably not going to make it any higher so I'm going to expect a setback for the footsie toward that range as I just mentioned so either the upper boundary or the lower boundary you can see that there are quite a few touch points on the lower end as well for that for that support area so negative price action from the US spilling over into the UK very likely going to point the footsie lower at the start of the session today I have to say if we do that on an hourly chart you can see it in a little bit more detail but you can also see how very nicely that market has been behaving between upper and lower boundaries in a trading range this is a slightly shorter trading range than the one that we would just been looking but it's quite interesting to see how the footsie is respecting these horizontal levels very very well yesterday we kind of played around with the 7,460 area 7,460 7,450 that's the resistance level I'm watching so that means that the upside potential is also limited here and the trigger for the downside as I just pointed out on that daily chart will very likely accelerate when we take out this low here which is 7,408 let's say 7,405 just to be sure is the previous low if we take that out that'll probably open up the way for quite a bit more downside and that could bring us back to levels that we've seen at the start of the month which is just above 7,300 I hope you agree with me that this series of lower highs especially the lower highs what means that the sellers are pretty aggressive they're coming in at lower levels they're willing to accept lower prices for the stock that they're selling and the buyers so far have managed to to hold it around this support area but when that breaks and sellers become more aggressive we will see a little bit more downside and then we're going to wrap it up with the german dex index actually probably well from the fore that we're talking about today the strongest market so at the end of the session you saw that the dex actually broke higher which is a good thing interesting by the way big difference between the footsie and the dex but what's not not super worrying but you can see how the rsi is at very high levels so the upside potential for the dex if it can hold this this rally will be the level of the highs that were set in the summer so this is june and this is july and the level is 16 440 let's say 1600 around that area doesn't you know I don't I don't care about 10 points in the dex the good news for the dex is that it broke this resistance area which is now expected to come back as support and that is the area around and the high here is 16 40 16,040 16,040 16,050 that is expected to act as support the real trigger for downside movement in my opinion is when we take out this previous low here and that low is around 15 9 15 15 9 15 that's the low of two days ago the low of the 28th of november when the dex breaks that level we're in for a decline back towards the 15 500 but for the time being the dex looks to be the strongest of those four markets with that break towards the end of the session I'm going to take a little bit of the glamour away by looking at that hourly chart because here you can see how it started that rally right at the beginning of the session and then slightly edged higher towards the end but the rsi here you see is building up some sort of a diverges didn't really manage to keep up and towards the end it's really coming down so nevertheless the the view that the dex is the strongest of those markets still stands but with the weakness of the US market spilling over into Europe if we take out if we get out of this small rising channel I think that the first target for the dex will be 16,040 if we hold there there is new upside potential if that gives way the scenario that I just pointed out on the daily chart will get into play I wish you a very good training session this wraps it up for this short video by RRG research and I'm looking forward to seeing you again at a new video very very soon


This is T F N N the tiger financial news network 101 Basel chapter here on this Friday the to The 4th of August you just lost it completely they up the 4th of August and We're looking at the 10 o'clock tiger financial news network market update down to up a hundred thirty one Hell the 14 period moving average little doji candle yesterday about bouncing off that The nine period moving average is still not even close to turning negative We're also looking at the MACD down negative the stochastic flat at 76 percent. That's good So all of this says that this is a road rolling over slow roll over That's what we're looking at. I've discussed it in detail in my show coming up Tiger technicians hour We'll be looking at in terms of the S&P It's given back most of the games from earlier this morning It hit 45 30 now straightening of 45 14 up 13 still up very nicely Watching this closely did make a peak F top just like the Dow On the daily chart. This was at forty five oh seven point oh seven About a week and a half ago So we're watching to see if it keeps going down the QQQ the index 100 Try to rally is now up 46 cents, but it actually 377 47 now is three points lower than that It had a high of 387 point forty eight. This is the dreaded H pattern We'll talk about that when I get back from my show that I get technicians our IWM Russell 2000 now negative it was trying to rally before it said 194 32 gold gold had a sharp pullback then a sharp move up now. It's up nine Got stalled after Georgia period exponential moving average I mean that's how important these things are looking at the dollar dollar trying to rally it failed now It's down sharpie down 59 ticks a 101 point 88 in a potential peak D These peak D's the fourth highest peak in the chaff wave whoo got to be careful of those looking at the crude oil crude oil is Coming back a little bit. It's up nine cents at 81 65 It's made a peak D and stalling right at resistance and we'll go to the TLT TLT tried to rally earlier on and then it pulled back now It's up 77 cents at 95 62. This is not a very pretty pattern In the bonds the bonds look like they yields are going to go a little higher But they're getting close to the area that says watch closely I'll be back in a moment for the Tiger technicians out check out my opening gorma daily newsletter See you in a moment


Thank you, Mr. Speaker. Mr. Speaker, we have heard many eloquent speeches today, very passionate speeches. And I must tell you, I'm very, very touched by some of what I've heard, especially the confessions regarding the feelings that some members have for my constituency, if you thought South and for the institutions in the South. In that regard, I commend the member for Castery's North.  And so, I say the same for the member for Castery's Central. But in the nature of this business, when an opportunity arises to tease and to remind, it can't be missed, Mr. Speaker. And so, I want the member for Castery's North to bring the same passion and the same energy to the repair of roads in P4 South. If he can do that, then I would say that all will be well. He's here, he's listening. But if he can bring that passion and that energy to repair in the roads in P4 South, I think his reputation will be etched in the memory of your fortunes for a very long time. I just want to say, Mr. Speaker, that it really was a pleasure to listen to these contributions. Mr. Speaker, I imagine that this loan is very important for different reasons. The Minister of Finance would obviously be very pleased by the exceedingly generous terms of this loan. Truth is almost unheard of, Mr. Speaker, some of our over 200 million EC dollars, 20-year period for repayment and an interest rate of 2% per annum, payable in semi-annually installments on the principal amount of the loan withdrawn and outstanding. This is almost unheard of, Mr. Speaker. And I cannot really recall how many agencies in this time would be prepared, notwithstanding what the Leader of the Opposition suggested, would make that kind of funding available to small countries like ours in the Eastern Caribbean. But in terms of the loan apart, Mr. Speaker, this loan is important for another reason. It marks a change of approach by Saudi Arabia, not just to St. Lucia, but to the region as a whole. You see, Mr. Speaker, in the past, St. Lucia has only accessed funds from Saudi Arabia through OFIT, Mr. Speaker, and that is the OPEC Fund for International Development. When the Kuwaitis provided funds, Mr. Speaker, to St. Lucia for development projects and it was shortfalls, these shortfalls were usually made up by OFIT, of which Saudi Arabia was a major contributor. Now, why am I going in that direction, Mr. Speaker? I'll tell you. I have to commend, Mr. Speaker, the foreign policy which yielded this loan and this result. The commendation must not only go to the Minister of Finance, but it must also go to the Ministry of Foreign Affairs and indeed to the Government of St. Lucia as a whole. And I'll tell you why. Why this loan, Mr. Speaker, is so very important because of what is signals. I was hoping today, Mr. Speaker, that the leader of the opposition would have put his foot in his mouth and start to talk about Saudi Arabia and Joufali, that he would open the door so that I would have had the opportunity finally to say some of the things that I've always wanted to say about this Joufali matter, that the opposition for years, for years, hearted lies to the people of St. Lucia as to what actually happened. But somehow he didn't put his foot in his mouth. Initially I was disappointed that the member for Kastri's south was not present because I wanted him to be present to hear what I had to say. But he skirted the issue. Instead, Mr. Speaker, the leader of the opposition went on record to say that he welcomed the law, he welcomed the fact that it is a 2%. He welcomed the fact that Saudi Arabia is making the funds available, but of course it's not only to St. Lucia to use his words, the entire Karakam region which the Minister of Finance sought to correct. You see, Mr. Speaker, what I'm trying to say to you is that years of an initiative by this Labour government has finally borne fruit and that is why the commendation... You see in this country, Mr. Speaker, in this country of ours, constantly shoot ourselves in the foot, time and time again, Mr. Speaker. We constantly do it, Mr. Speaker. I don't know why we are so destructive. I've never understood why is it that we are not putting the overriding interests of our people first. When you see the former Labour government decided, Mr. Speaker, that they would have appointed Joufali as an ambassador to the Maritime Organization, it was a carefully thought and strategic move. Why? We had undertaken an assessment of St. Lucia's foreign policy options sometime after 2011. That document was one of the last policy statements prepared by former Prime Minister Vaughan Lewis for the Labour government. And in that document they recommended that St. Lucia begins to reposition itself and to begin the process of sourcing new funding from elsewhere and they specifically identified Saudi Arabia in the Middle East. And when as a government we acted, it was for the purpose of opening the doors to Saudi Arabia. That is why I compliment this government for finally opening those doors and securing this loan from Saudi Arabia. That's the sadness of this country and you see it all the time. We shoot ourselves in the foot. We do not sometimes understand and appreciate the larger picture. Rather, what we seek to do is to destroy and to tarnish. That's what we do all the time. All the time. Speaker, like I say, I regret that the Leader of the Opposition did not give me the time to explore this issue. I know he will somewhere down the road and I have prepared for it. In fact, I was so excited by the prospect, Mr. Speaker, that I especially wanted to be here for the sitting. You see, I was in Haiti attending the Karakam Matters in Haiti. And when I heard that they saw the Arabian loan was coming up for the bid in the house, I did everything within my power to get here. I can tell you, Mr. Speaker, my flight from Miami to St. Lucia was cancelled in Haiti. But fortunately for us, the Bahamian government put on a plane, picked us up in Haiti on a special plane, took us to Nassau Bahamas, then made sure we were able to get onto a plane from Nassau to Bahamas to Miami. And then when I got to Miami, I did everything that was conceivably possible to get on that plane because I wanted to be here for this debate. Mr. Speaker, I am therefore somewhat disappointed that we didn't go down that road today, but I will leave that for another day. Now, Mr. Speaker, that being said, I will just touch on a few issues, very, very few issues. I listened very carefully to the leader of the opposition, Mr. Speaker. And it's not the first time that he has read extensively from reports about St. Jude. Every time he comes to the house and St. Jude is being debated, he reads these lengthy excerpts conveniently, of course. So he really contributes nothing new to the debate, but it's the same thing he says time and time and time again. But he had me lost today because I was trying to work out in my mind where he was going with all these excerpts. I said, well, maybe finally we would have got an explanation as to why the box was constructed. We may finally get an explanation as to why they opted for a building like that. And he came close to offering an explanation, but listened to what he says. He says that we, or this government, is on the cusp of the dilemma that they were in 2017-2018, meaning that when they received the report from FDL in 2017-2018, they were perplexed about what the option would be, whether they would complete the old St. Jude or build a new hospital. And having reviewed the report, they opted to build a new hospital and give the people of the 4th South a new hospital. But you know this speaker, I am totally bewildered. Do you know, I asked from my position here, I asked the member to tell us what the eventual cost of this box would be. Do you know his response to me? He said, I don't know, I've never known. I don't know if you heard that. So here's a minister of finance embarking on a project of this magnitude. And he does not know what the end cost of the project is going to be. I have never known in my entire life as minister of finance in this country that a minister of finance does not have a notion of an end cost of a project. This is the very first time in the long history of St. Lucia that this has ever, ever, ever, ever happened. And you know this speaker, it is also the case that never before since independence have we had such a colossal wastage of funds as we had in the case of St. Jude hospital. And I say this because I want to come back to this issue in a few minutes. But what is this special gift that he was given to the people of the South? The member of the cast of the East put it well. A hospital without walls. A hospital with cladding. So shocked when I went inside the hospital that all the rooms was drywall. And that is what is supposed to be a state of the art. That was the gift for the people of the South. But why wasn't he able to at least take the opportunity and speak the truth? That design was done because the intention all along was to give the K-man aturage control, OKEU. Give them the whole. And you tell me you're building a state of the art hospital and the materials for the state of the art hospital is drywall and cladding in this day and age. But then the lies, the issue about planning approval. The fact that the matter is that when the former government was in office and left office in 2016, the development control authority did have designs and plans for the hospital. They asked that it be deferred to provide some detail, I believe. I can't quite remember what the detail was that they were waiting for. But they had it. But you know what they did when they got into office? They told the officers of the development control authority to make the plans disappear. They told them those plans that were submitted to the development control authority must never be seen again and must disappear. And it took one courageous officer inside the development control authority to take all the plans, fall them to the ground and go and hide them. That's the fact, that's reality. And the reason why this government today can get those plans to refer to is because that public officer was able to locate the plans and why he hid them. The kind of nastiness you are dealing with. And after all the complaints, all the complaints about there were no plans, the ridicule which we had to endure from this side of the house, whenever St. Jude came up, the ridicule and abuse on each single occasion, up to now, they can't and could not produce completed plans for the box that they have under construction if you fought. Why? But you know we shoot ourselves all the time, as I said. You know why this had to happen, Mr. Speaker? Both the former government and that government had problems with this because for their own reasons both were in a hurry to complete the facility for use by the people of this country. And you therefore decided to produce, to proceed rather on a piecemeal basis. You took the risk of it because you are under immense pressure to try to get the facility ready for use by the people of the country. So you are building and designing at one and the same time. Now, I am the first to agree with you. That's not the most efficient way to build. It isn't. It isn't. It's not the best thing to have done. It started off under the direction of former Prime Minister Stevens and King. But I understood why. Because we were under the same pressure to complete the hospital to get out of the stadium. So that approach, a railing approach had to be adopted. But my issue becomes the leader of the opposition and the government that he led when, after having condemned the former Labour government, notwithstanding the Labour government, had plans which, in fact, had been submitted to the DCA and poisoned the minds of ordinary solutions, they in turn proceeded to construct with absolutely no plans just on what, of course, they had been provided by the Kemen entourage. I have had occasion, Mr Speaker, before to say what a colossal wastage of funds we have had to bear in this country because of all of this. Mr Speaker, the leader of the opposition himself admits that they had spent upwards of $180 million on the box. Now, in addition to this, you also heard that an additional $50 million was being recommended to complete the bottom floor of the hospital alone, the box. The member of the country central brilliantly exposed the leader of the opposition by referring to the direct purchase for $75 million, which was supposed to have been signed on the eve of the general election. Now, Mr Speaker, I want you to understand why this is such a colossal waste of funds and I'll tell you why I'm going to come to that in a few minutes. You have spent $180 million on that box. You have to spend another $50 million on the first floor. And by the way, the same talk he was there, grand charge about the roof of the hospital. Fresh dad had already given him an estimate for a further $16 million for the roof, for the membrane. And that does not include the interior of the building or to seal the cladding.  You want to spend $50 million, that's $230 million. Another $16 million, that's already $246 million. In other words, that hospital would have cost at the end of the day if we had continued with that box upwards of $350 million to complete. That's the reality. That is the reality. But I'll tell you this, say what you want, Mr Speaker, about the old hospitalers and Jude. You see that building there? Mr Speaker, that's one of the strongest buildings ever constructed in this country. When you see the contractors attempting to dig up the floorings of those buildings, they had a hard time drill bits continued being replaced nearly every day or so because of the strengths of the concrete. Nothing could have knocked down that building. Why would you want to get rid of a building with such structural integrity and such character? And of course, whether you have problems or not, just look at the design of the old St. Jude. For goodness sake, there is some character to the design. This leader of the opposition have a fascination for giving the people of the Fort South some of the ugliest buildings I have seen in recent times. I invite you, Mr Speaker, to take a look at the Wasco building. I mean, Mr Speaker, every time I get depressed and I'm more than I grow, I don't know, Mr Speaker, what I'm going to do. When you see Wasco sends invitations to me to come when they're doing the opening. I don't know if I'll ever go. The building is too ugly. What am I going to do, Mr Speaker? Something at the airport for private jets. Project left over from the former administration, our administration at the time. The heart can benefit from the use of it. When you look at the design, another flat roof in your fort. No character. When you look at the airport design, some barrel shape airport again. No character. It's as if the people of your fort don't deserve what is decent. What you want to give the people of your fort another box for. Everything you do is like boxes and barrels. Mr Speaker, why would you want to contest this little resolution, Mr Speaker? As I said, 2%. 2%, Mr Speaker, unheard of. But you know, Mr Speaker, let me tell you something. I've been through a lot in this country. I've been through a lot. When things happen these days, I have a way. I contrast. I look at what has happened. I contrast it with what has happened in the past. And I search into the mindsets and illusions and ask Mr Speaker, what are they thinking? How are they really looking at this? Let me go back to my experiences, Mr Speaker. I was pilloried all over the coast for a guarantee of 14.5 million dollars to Roger Mell, to protect workers, to protect a hotel. 14.5 million. 14.5 million. You ask, pilloried, abused, accused of every conceivable thing. It hurts. Still hurts. This former prime minister has done what he's getting away with. I don't understand it. I don't understand it. You see, Mr Speaker, I just told you the colossal waste of funds that occurred in you forts. You heard the member of central castries, Mr Speaker. You heard the member for castries north pointing out that some 7 million dollars were paid for vaccines. We haven't had a reporter as he rightly pointed out what happened. But how can we tolerate and justify such a colossal wastage of funds on a building that was so unnecessary? This country who still support that kind of behavior. All kinds of foolishness was done to amend so-called finance legislation regarding the given of guarantees. All kinds of foolishness which brought us all back to square one. So we are doing a very simple, all new laws of sanction. Exactly what was in the statute books all along. And they talk nonsense and get away with it. The question is, when will this minister of finance be held accountable for the monumental wastage of funds which have occurred in this country? When? The former minister of finance. The former, the former, former minister of finance. I tell you already, you learn well. Mr Speaker, I want to give you an example today of the recklessness of which I speak. Mr Speaker, that we enacting will not matter if we speak at the end of the day. If we don't understand this thing called integrity. Because as soon as you enact the laws, what's going to happen is that new ways will be found to circumvent the laws. I watched for example this morning the report which was leading the House from the financial intelligence unit. I had to laugh at this report. And when the time comes, I'll have to say what I want to say about it. You see, this is because we have a way we don't like to listen. You know, I stood in this house some weeks ago and said to this house, I will no longer support. That's me, Kenny Antony speaking. Member of parliament of the VFOS South. I will no longer support any legislation that comes to this house that discriminate against politicians in financial matters. It's like I was a gare. Because you know what? The Faraj issue broke out in England. A bank manager had to be fired for discriminating against Faraj because of his family, because of his political beliefs. And the Bank of England has now issued new directives to all banks in the United Kingdom that no discrimination against politicians and their families will be tolerated. And the banks have better take a warning from that because I have said before that discrimination against politicians and their families have to end. Now Mr Speaker, on the one hand I certainly do not condone that kind of discrimination but on the other I believe in accountability.  I don't know whether the members here have begun to suffer from political amnesia because well-mentioned was made of the $7 million vaccine. All the money paid out to Lakhabi, nobody make mention of it. $32 million from Lakhabi. Then all this money paid out to Pomanu paid out to that accounted firm. You mean to tell me all of that Mr Speaker? All of that? Waste, utter, waste. Utter, waste. Range, utter, waste. Utter, waste. Now Mr Speaker, I'll tell you something.  How you manage it is very, very important. Trust me, trust me. And I want to give you an example of what I'm talking about. Mr Speaker, when in 2014 I went to Taiwan and I know there are some members there who know that that was a difficult visit for me in more ways than one. Despite my friendship with the then president, President Ma, which is a friendship that remains to this day, but I have issues. Everybody knows my position on Taiwan and so on. My position is clear. But when I negotiated with them with the Export-Import Bank, Mr Speaker, and proceeded to ask for the first drawdown on the loan to begin to finance the hospital, Mr Speaker, I requested that the money be rooted based on Caribbean Central Bank for onward transmission to the consolidated fund here in St. Lucia. Because you see, Mr Speaker, you have to handle loan funds with integrity. Don't let your hands get on it. Don't touch it. Don't touch it. And if you look at the agreement, Mr Speaker, you will notice that we requested what I serve as Minister of Finance that the money goes to the Eastern Caribbean Central Bank, the account number 021083695, name of bank, Federal Reserve Bank of New York, New York, New York, etc. for onward transmission to the Government of St. Lucia. And I want to tell you, at its account at the Eastern Caribbean Central Bank, that's where it was rooted. And then of course they handled the disbursements on to the consul. You must be wondering why I'm going there, Mr Speaker. You must be wondering, I'll give you a clue, Mr Speaker. And don't try and tell me I'm out of order and that I'm not speaking to the resolution because what I'm talking about is a management of loan funds like this. There are many mysteries, Mr Speaker, of the former government on how it handled money. Mr Speaker, there are many mysteries. It has never surprised me that the former government would have signed an agreement with you, our King, but would have allowed you, our King, to hold money from passports in a foreign account beyond the grasp of the accountant general in St. Lucia. And they could not see that something was wrong with that arrangement. They could not see that if you sell St. Lucia passports, the government of St. Lucia has an interest in the procedure to sell of its passports. Wait, what, Mr Speaker? You know, one of the things I find fascinating about the former government, they seem to have an extraordinary love affair with this Taiwanese company. They call them, I believe, OCC, Mr Speaker. They have the most extraordinary love affair with this company called OCC, Mrs Speaker. And I have been spending a bit of time trying to understand this relationship with, oh, why are they trusting this OCC so much? Watch me. They trust OCC to send you to the hospital. They say it's OCC that got the contract. They trust OCC to do some, to repair some roads. And I'm sorry to remember, for example, Salty Bus is not here because if he was here, I remind him it's the OCC that's supposed to manage the repair of the Salty Bus road. Then they go and trust OCC with this big airport project. Millions of dollars with absolutely no bills. Billion dollars, yes. What is this love affair with this OCC that I cannot understand? What is this love affair? Maybe rough by no truth. I must ask him when I see him. And I've already told him before, I can't understand how he can ever be an anti-imperialist and he maintains a position that he does. But that's for a different show. I have a very short business. I don't have much appetite for double standards in politics. Oh my God. I really don't. I'm very serious. Short fuse on these matters. Now, incomes, the leader of the opposition has become prime minister of finance. Incomes. You know he does, this is Vika. You know he does, this is Vika. And I'm talking about the management of loan proceeds. And I'm more than this government. Don't follow that example. They promptly proceed to draw down the balance of the loan which I negotiated with the Taiwanese to complete the hospital. But you know what they do? They've diverted the money, the balance of the money to the overseas engineering and construction company, the same OCC. The money is no longer going directly to the central bank and on to the consolidated fund. It is going directly to the bank account of the OCC so that we are not having any control over funds that are supposed to be in the consolidated fund. That is why I have said to these agencies they must respect the laws of the state of the beneficiary bank of the OCC. It's called a bank of Panshin, Panshin. Account number<PHONE_NUMBER>9755, swift code BBBKTWTP. And this is to me, Mr. Speaker, this is a serious matter because the director of audit had a duty to flag this. The Ministry of Finance had a duty to flag this and to look, I see a former director of audit bowed in agreement. I don't know if she still remember her audit in practices. Do you, madam? Once an auditor, always an auditor, so she knows this is wrong. But you know what I find fascinating, Mr. Speaker? What I find fascinating, that's why I'm sorry that the leader of the opposition is not here, you know? Because I wanted answers to these questions. I want to find out how you're going to justify spending $350 to $400 million. I wanted to find out this thing about, I was telling you about the plans and so on. I want to find out why you're calling the box a state of the art building when it is cladding and drywall. What is state of the art about that? And some pieces of metal, metals all over the place. I wanted answers to all those things. But I want to come back to this thing and why this is a serious matter. OECC, actually, well, I mean, they are interesting. They're very interesting, you know, these companies. Mr. Speaker, do you know the OECC actually incorporated a company under the laws of Panama to receive these funds like this? Why would the OECC, were you looking at me so strange for? Why would the OECC, a Taiwanese company, use an offshore company or company registered in Panama to receive money that should have gone to the Consulate Fund solution? You mean to tell me you don't have something to answer to explain? Mr. Speaker, I tell you something, Mr. Speaker, I know I have a way.  I mean, not today, not today. Mr. Speaker, but to return to what I'm saying, I can tell you that this company the OECC had in Panama had this registered number.<PHONE_NUMBER>2SA. I'm not going there, I never said that. Never said that. All I ask is why are funds intended for the Consulate, they're the funds of St. Lucia which I, Kenny Davis Anthony, former prime minister, signed with the government of Taiwan with the understanding that the funds were coming to St. Lucia to the Consulate Fund through the Central Bank of St. Lucia. Why was that money diverted to the OECC and then it goes to a Panamanian account? That's what I'm asking about. So let's be clear. And in fact, Mr. Speaker, in case you think I am exaggerating, this is the account number they had.<PHONE_NUMBER>9755. You understand, Mr. Speaker? So I wanted the member to be there. You have 15 years left. No, that's enough time, Mr. Speaker. No, I don't want that. That is why, Mr. Speaker, I was hoping that the member for Miku Salwa would be present. You see, Mr. Speaker, I admit he didn't give me enough room to go and talk about the Jofali matter which I had programmed myself for why I wanted to be here. But I also wanted answers to this. Why would you do such a thing? Why would you do such a thing? No, Mr. Speaker. In all my political life. I mean, there are some real high points. There are fascinating things in politics. I had a simple cardinal rule and I think I heard it being said recently. It would never be surprised by developments in politics. And today, I found a letter sent to the Cabinet of Ministers from supporters of the UWB who would be insufferable to be a very fascinating document. And as a student of politics, you'll understand why I had to ask the member for Senator Castro to make it a document of the House. I just wanted to see who the signatories were. Yes, you can give him one, give him one. He needs it. He's a young politician. Mr. Speaker, those who served with me in a previous government will remember I always say to them if you can avoid it, never put it in writing. You remember that? It is better you have a conversation. Do not put it in writing. And Mr. Speaker, I am not surprised but disappointed by some of the names I see. You see, I tell you this. As I said in this House and in my political life, there are UWPs with a heart. Do not give up on UWPs. There are times when they realize what is happening is wrong. Mr. Speaker, I admire this group of UWPs who had the temerity and the courage to write this letter. It's almost unheard of. She's not spoke of how historic today is. Today is historic because we have before us a rebellion and defend from supporters of the UWP.  But the point is they have had the courage to tell the former prime minister, do not go there. You are wrong. I will tell you this. When the member for Cassidy Central read, you know who I was thinking of? The former parliament representative of Cassidy Saudis. I wonder how he received that letter. I want the member for Cassidy North at the appropriate time to tell the House, how did the member for Cassidy South react to this letter? Saudis. That must have been a gem. Must have been a gem. And if he said, I wonder if he said to the then prime minister, oh that's your friend, I apologize. But I admire, Mrs. Figer, I am looking at some names there. Nigel George. Little Lamontine. Araline Lamontine. Eubidicus. Francisca Jordan. My, my, my. And there are other names. And then of course Mr. Alphonsus, Tannislus. These are people whom I know. I know so many people. I had the fact that they had the courage, Mrs. Figer, to say don't do that. But it confirms something I have always said amidst the most and the laughter momentary as it is, Mrs. Figer, that there are good UWPs in this country and you must not give up on them. There are UWPs in this country who can understand when wrongs are committed and they are prepared to make the adjustments. Our own supporters, Mrs. Figer, need to understand that. Because I'm pretty certain that these may well be known, but they might have well taken certain positions at the last general election. So Mrs. Figer, I end on a note that look, in politics we have to avoid absolutes. Avoid absolutes. No, no, Mrs. Figer, that we must never, ever, ever be surprised by developments. No, Mrs. Figer, that there are people of good will in this country, irrespective of their political colors.  If some of you want to give up on the people of this country, then I'm not joining you and giving up to them, even if they disappoint me from time to time. Of course they have disappointed me from time to time. But you know, Mrs. Figer, I look at my results in the last general election. I know that before the South, I wanted by the largest majority ever. You know why? Because a lot of UWPs decided they would vote for me. Whether they sense my retirement was imminent or not, I don't know. But they decided they voted for me, Mrs. Figer. And that's the point that I'm making. Of course they want to add on him. And they have reason now to be even more tired of him because his liability is a serious liability. If a minister of finance can allow loan funds to be diverted away from the consolidated fund into the hands of a committee of a company like this, you are a danger. You are dangerous.  And when you add this to all the sins you have heard, can you still justify this individual to represent you as your political leader? This country could never be safe in his hands. Never ever. And Mrs. Figer, I ended on this note of colossal wastage. And you see this matter, Mrs. Figer, with these things? I don't like an address, you know. I don't like an address with this matter of accounts. I want to find out why. I want to find out how. I want to find out why money destined for the consolidated funds in Lucha is rooted through a bank account in Paloma. That's a serious matter. And so, Mrs. Figer, I really do look forward for the explanations. Finally, Mrs. Figer, let me say this. This matters in June. I hope this nightmare is over. Our people have suffered disproportionately in the South. They've had to endure a lot. And this government has a responsibility to make sure that come what may, come what may, that this hospital is completed and occupied before the next general elections. Nothing short of that will do for the people of the South. I thank you, Mrs. Figer.