“Something WORSE than a crash is coming” ☝ ▪️ [Jan 30, 2023]
The man who stood up at the New York City...
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The man who stood up at the New York City CFA Society in 2008 and warned about a crash has a new prediction.
"The next few months will be a financial disaster," he now says.
But here's the thing…
He's not predicting a stock crash, a dollar crisis, or anything of the kind.
George II (George Augustus; German: Georg August; 30 October / 9 November 1683O.S./N.S. – 25 October 1760) was King of Great Britain and Ireland, Duke of Brunswick-Lüneburg (Hanover) and a prince-elector of the Holy Roman Empire from 11 June 1727 (O.S.) until his death in 1760. Born and brought up in northern Germany, George is the most recent British monarch born outside Great Britain. The Act of Settlement 1701 and the Acts of Union 1707 positioned his grandmother, Sophia of Hanover, and her Protestant descendants to inherit the British throne. After the deaths of Sophia and Anne, Queen of Great Britain, in 1714, his father, the Elector of Hanover, became George I of Great Britain. In the first years of his father's reign as king, George was associated with opposition politicians until they rejoined the governing party in 1720. As king from 1727, George exercised little control over British domestic policy, which was largely controlled by the Parliament of Great Britain. As elector he spent twelve summers in Hanover, where he had more direct control over government policy. He had a difficult relationship with his eldest son, Frederick, who supported the parliamentary opposition. During the War of the Austrian Succession, George participated at the Battle of Dettingen in 1743, and thus became the last British monarch to lead an army in battle. In 1745 supporters of the Catholic claimant to the British throne, James Francis Edward Stuart ("The Old Pretender"), led by James's son Charles Edward Stuart ("The Young Pretender" or "Bonnie Prince Charlie"), attempted and failed to depose George in the last of the Jacobite rebellions. Frederick died suddenly in 1751, nine years before his father; George was succeeded by Frederick's eldest son, George III. For two centuries after George II's death, history tended to view him with disdain, concentrating on his mistresses, short temper, and boorishness. Since then, reassessment of his legacy has led scholars to conclude that he exercised more influence in foreign policy and military appointments than previously thought. George was born in the city of Hanover in Germany, followed by his sister, Sophia Dorothea, three years later. Their parents, George Louis, Hereditary Prince of Brunswick-Lüneburg (later King George I of Great Britain), and Sophia Dorothea of Celle, both committed adultery. In 1694 the marriage was dissolved on the pretext that Sophia had abandoned her husband.[4] She was confined to Ahlden House and denied access to her two children, who probably never saw their mother again.[5] George spoke only French, the language of diplomacy and the court, until the age of four, after which he was taught German by one of his tutors, Johann Hilmar Holstein.[6] In addition to French and German, he also learned English and Italian, and studied genealogy, military history, and battle tactics with particular diligence.[7] George's second cousin once removed, Queen Anne, ascended the thrones of England, Scotland, and Ireland in 1702. She had no surviving children, and by the Act of Settlement 1701, the English Parliament designated Anne's closest Protestant blood relatives, George's grandmother Sophia and her descendants, as Anne's heirs in England and Ireland. Consequently, after his grandmother and father, George was third in line to succeed Anne in two of her three realms. He was naturalized as an English subject in 1705 by the Sophia Naturalization Act, and in 1706 he was made a Knight of the Garter and created Duke and Marquess of Cambridge, Earl of Milford Haven, Viscount Northallerton, and Baron Tewkesbury in the Peerage of England. [8] England and Scotland united in 1707 to form the Kingdom of Great Britain, and jointly accepted the succession as laid down by the English Act of Settlement.[9] George's father did not want his son to enter into a loveless arranged marriage as he had and wanted him to have the opportunity of meeting his bride before any formal arrangements were made.[10] Negotiations from 1702 for the hand of Princess Hedvig Sophia of Sweden, Dowager Duchess and regent of Holstein-Gottorp, came to nothing.[11] In June 1705, under the false name "Monsieur de Busch", George visited the Ansbach court at its summer residence in Triesdorf to investigate incognito a marriage prospect: Caroline of Ansbach, the former ward of his aunt Queen Sophia Charlotte of Prussia. The English envoy to Hanover, Edmund Poley, reported that George was so taken by "the good character he had of her that he would not think of anybody else".[12] A marriage contract was concluded by the end of July.[13] On 22 August / 2 September 1705O.S./N.S. Caroline arrived in Hanover for her wedding, which was held the same evening in the chapel at Herrenhausen.[10] George was keen to participate in the war against France in Flanders, but his father refused to let him join the army in an active role until he had a son and heir.[14] In early 1707 George's hopes were fulfilled when Caroline gave birth to a son, Frederick.[15] In July Caroline fell seriously ill with smallpox, and George caught the infection after staying by her side devotedly during her illness.[16] They both recovered. In 1708 George participated in the Battle of Oudenarde in the vanguard of the Hanoverian cavalry; his horse and a colonel immediately beside him were killed, but George survived unharmed.[17] The British commander, Marlborough, wrote that George "distinguished himself extremely, charging at the head of and animating by his example [the Hanoverian] troops, who played a good part in this happy victory".[18] Between 1709 and 1713 George and Caroline had three more children, all girls: Anne, Amelia, and Caroline.[19]
But ignoring him could be your costliest mistake of 2023. In fact, he was invited to speak about this at the Harvard Business Club to a packed audience. Even the U.S. Pentagon has invited him to share his evidence.
Call him a "crackpot" if you want…
But this guy's vision of America could soon be reality.
George and his father sailed for England from The Hague on 16/27 September 1714 and arrived at Greenwich two days later.[22] The following day, they formally entered London in a ceremonial procession.[23] George was given the title of Prince of Wales. Caroline followed her husband to Britain in October with their daughters, while Frederick remained in Hanover to be brought up by private tutors.[24] London was like nothing George had seen before; it was 50 times larger than Hanover,[a] and the crowd was estimated at up to one and a half million spectators.[25] George courted popularity with voluble expressions of praise for the English, and claimed that he had no drop of blood that was not English.[26] In July 1716, the King returned to Hanover for six months, and George was given limited powers, as "Guardian and Lieutenant of the Realm", to govern in his father's absence.[27] He made a royal progress through Chichester, Havant, Portsmouth, and Guildford in southern England.[28] Spectators were allowed to see him dine in public at Hampton Court Palace.[29] An attempt on his life at the Theatre Royal, Drury Lane, in which one person was shot dead before the assailant was brought under control, boosted his high public profile.[30] His father distrusted or was jealous of George's popularity, which contributed to the development of a poor relationship between them.[31] The birth in 1717 of George's second son, Prince George William, proved to be a catalyst for a family quarrel; the King , supposedly following custom, appointed Lord Chamberlain Thomas Pelham-Holles, 1st Duke of Newcastle, as one of the baptismal sponsors of the child. The King was angered when George, who disliked Newcastle, verbally insulted the duke at the christening, which the duke misunderstood as a challenge to a duel.[b] George and Caroline were temporarily confined to their apartments on the order of the King, who subsequently banished his son from St James's Palace, the King's residence.[32] The Prince and Princess of Wales left court, but their children remained in the care of the King.[33] George and Caroline missed their children, and were desperate to see them. On one occasion, they secretly visited the palace without the approval of the King; Caroline fainted and George "cried like a child".[34] The King partially relented and permitted them to visit once a week, though he later allowed Caroline unconditional access.[35] In February 1718, George William died aged only three months, with his father by his side.[36] Political opposition Banned from the palace and shunned by his own father, the Prince of Wales was identified for the next several years with opposition to George I's policies,[37] which included measures designed to increase religious freedom in Great Britain and expand Hanover's German territories at the expense of Sweden.[38] His new London residence, Leicester House, became a frequent meeting place for his father's political opponents, including Sir Robert Walpole and Lord Townshend, who had left the government in 1717.[39] The King visited Hanover again from May to November 1719. Instead of appointing George to the guardianship, he established a regency council.[40] In 1720, Walpole encouraged the King and his son to reconcile, for the sake of public unity, which they did half-heartedly. [41] Walpole and Townshend returned to political office, and rejoined the ministry.[42] George was soon disillusioned with the terms of the reconciliation; his three daughters who were in the care of the King were not returned and he was still barred from becoming regent during the King's absences.[43] He came to believe that Walpole had tricked him into the rapprochement as part of a scheme to regain power. Over the next few years, Caroline and he lived quietly, avoiding overt political activity. They had three more children: William, Mary, and Louisa, who were brought up at Leicester House and Richmond Lodge, George's summer residence.[44] In 1721, the economic disaster of the South Sea Bubble allowed Walpole to rise to the pinnacle of government.[45] Walpole and his Whig Party were dominant in politics, as the King feared that the Tories would not support the succession laid down in the Act of Settlement.[46] The power of the Whigs was so great that the Tories would not come to hold power for another half-century.[47]
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George I died on 11/22 June 1727 during one of his visits to Hanover, and George II succeeded him as king and elector at the age of 43. The new king decided not to travel to Germany for his father's funeral, which far from bringing criticism led to praise from the English who considered it proof of his fondness for England.[48] He suppressed his father's will because it attempted to split the Hanoverian succession between George II's future grandsons rather than vest all the domains (both British and Hanoverian) in a single person. Both British and Hanoverian ministers considered the will unlawful, as George I did not have the legal power to determine the succession personally. [49] Critics supposed that George II hid the will to avoid paying out his father's legacies.[50] George II was crowned at Westminster Abbey on 11/22 October 1727.[48] George Frideric Handel was commissioned to write four new anthems for the coronation, including Zadok the Priest.[51] It was widely believed that George would dismiss Walpole, who had distressed him by joining his father's government, and replace him with Sir Spencer Compton.[52] George asked Compton, rather than Walpole, to write his first speech as king, but Compton asked Walpole to draft it. Caroline advised George to retain Walpole, who continued to gain royal favour by securing a generous civil list (a fixed annual amount set by Parliament for the king's official expenditure) of £800,000,[53] equivalent to £117,800,000 today.[54] Walpole commanded a substantial majority in Parliament and George had little choice but to retain him or risk ministerial instability.[55] Compton was ennobled as Lord Wilmington the following year. [56] George with his hand on an orb Portrait by Enoch Seeman, c. 1730 Walpole directed domestic policy, and after the resignation of his brother-in-law Townshend in 1730 also controlled George's foreign policy.[57] Historians generally believe that George played an honorific role in Britain, and closely followed the advice of Walpole and senior ministers, who made the major decisions.[58] Although the King was eager for war in Europe, his ministers were more cautious.[59] A truce was agreed in the Anglo-Spanish War, and George unsuccessfully pressed Walpole to join the War of the Polish Succession on the side of the German states.[60] In April 1733 Walpole withdrew the unpopular Excise Bill that had attracted strong opposition, including from within his own party. George lent Walpole support by dismissing the bill's opponents from their court offices.[61] Family problems George II's relationship with his son Frederick, Prince of Wales, worsened during the 1730s. Frederick had been left behind in Germany when his parents came to England, and they had not met for 14 years. In 1728, he was brought to England, and swiftly became a figurehead of the political opposition.[62] When George visited Hanover in the summers of 1729, 1732 and 1735, he left his wife to chair the regency council in Britain rather than his son.[63] Meanwhile, rivalry between George II and his brother-in-law and first cousin Frederick William I of Prussia led to tension along the Prussian–Hanoverian border, which eventually culminated in the mobilization of troops in the border zone and suggestions of a duel between the two kings. Negotiations for a marriage between the Prince of Wales and Frederick William's daughter Wilhelmine dragged on for years but neither side would make the concessions demanded by the other, and the idea was shelved.[64] Instead, the prince married Princess Augusta of Saxe-Gotha in April 1736.[65] In May 1736, George returned to Hanover, which resulted in unpopularity in England; a satirical notice was even pinned to the gates of St James's Palace decrying his absence. "Lost or strayed out of this house", it read, "a man who has left a wife and six children on the parish."[66] The King made plans to return in the face of inclement December weather; when his ship was caught in a storm, gossip swept London that he had drowned. Eventually, in January 1737, he arrived back in England.[67] Immediately, he fell ill with a fever and piles, and withdrew to his bed. The Prince of Wales put it about that the King was dying, with the result that George insisted on getting up and attending a social event to disprove the gossip-mongers.[68] When the Prince of Wales applied to Parliament for an increase in his allowance, an open quarrel broke out. The King, who had a reputation for stinginess,[69] offered a private settlement, which Frederick rejected. Parliament voted against the measure, but George reluctantly increased his son's allowance on Walpole's advice. [70] Further friction between them followed when Frederick excluded the King and Queen from the birth of his daughter in July 1737 by bundling his wife, who was in labour, into a coach and driving off in the middle of the night.[71] George banished him and his family from the royal court, much as his own father had done to him, except that he allowed Frederick to retain custody of his children.[72]
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