Monthly Archives: January 2017

Jan 6 2017

Bitcoin – What Next?


Armstrong Economics Blog/The Hunt for Taxes

Re-Posted Jan 6, 2017 by Martin Armstrong

bitcoin

The rally in Bitcoin has come out of China, which has accounted for 98% of bitcoin trading in the past six months. China is also home to about two-thirds of the world’s bitcoin mining power. The Phase Transition spike in Bitcoin is very alarming for it flies right in the face of government’s worldwide and what they are trying to accomplish by eliminating currency.

The Chinese have been buying bitcoin onshore, selling it offshore for another currency and then moving the money to a bank account. This is how the Chinese individuals can taken cash out of the country circumventing all regulation. The Chinese  government has been strengthening requirements for citizens converting their yuan and with Trump coming into office, China fears that lower values for the yuan will become a trade war even if the government is not activity trying to depreciate the yuan for trade. Conversions of yuan are already subject to a quota or currency controls in an effort to curb capital outflows.

Bitcoin has been the escape method for capital fleeing China. With the looming trade war on the horizon, the Chinese government will have absolutely NO CHOICE but to come in and regulate Bitcoin when it’s citizens now account for 98% of all trading. From a regulatory perspective, the days of passive treatment of Bitcoin may come to an end. Bitcoin has soared only because it has been the mechanism to obtain foreign exchange and take capital out of China. This can easily be called illegal operations such as money laundering to justify closing that window.

Of course you have the zealots who preach Bitcoin as the alternative to the dollar they cannot shut down. All they need to do is declare it to be illegal and the PRESUMPTION of being in Bitcoin is a PRESUMPTION of being a criminal. They are already using terms like CASH IS FOR CRIMINALS and if you have a few thousand in cash, they just confiscate it presuming you are criminal under Civil Asset Forfeiture and never have to prove you committed a crime or charge you. Keep in mind we are dancing with the devil. There are no rules – just ruthless self-interest. They will do whatever it takes to survive. They will not relinquish power willing.

Jan 6 2017

Money Changers Refusing to Accept Australia $100 Bills


Armstrong Economics Blog/A$

Re-Posted Jan 6, 2017 by Martin Armstrong

currency-vortex

Because Australia has convened a commission to terminate the $100 bill, in the wake of the currency being cancelled overnight in India, there is a growing distrust of high denomination euros and Australian bills. What is interesting is A$100 notes are nonnegotiable now in India. The same is happening in Europe with the €500 bills. There is a growing distrust of paper currency after Modi’s cancellation of high denomination notes in India. The word is getting out that this is a G20 trend that is being introduced in 2017. The last currency would be the US dollar and that would require Trump’s approval by 2018. Dollars in the streets overseas are starting to be the ONLY currency of choice.

Jan 6 2017

Global Warming – Opps – Ice Age – Hits Europe


Armstrong Economics Blog

Re-Posted Jan 6, 2017 by Martin Armstrong

global-warming-cyclical

Unfortunately, much of Europe is facing sever cold weather as temperatures plunged below zero with heavy snowfalls. Additionally, this is the worst coastal storms Europe has seen in a decade. Take a look at this chart. You will notice that this last warming cycle that has the lunatics calling this man-made global warming/climate change, was just a small blip. Unfortunately, this was like a minor short-cover rally in market terminology we would call a dead-cat-bounce. So while governments have been touting this as caused by man to justify taxes, we are headed into a sharp (hopefully) mini ice age. Europe will experience much colder weather. I follow our model and moved south to Florida. Everything is lined up for an economic decline in the decades ahead maunder-minimum has historically been the petri-dish-of-political-change.

Jan 6 2017

Anti-Global Warming Scientists Are Hoping to be Heard


Armstrong Economics Blog/Nature

Re-Posted Jan 6, 2017 by Martin Armstrong

un-climate-change

Researchers who see the whole climate change/global warming theory as bogus and by no means a planet-ending crisis are hopeful that the incoming Trump Administration will allow their views to be heard. The Obama administration wanted to make it a criminal act to disagree with them — typical leftist attitude. The United Nations Framework Convention on Climate Change (UNFCCC) also banned skeptics.

Meanwhile, scientists have shown in a pilot project in Iceland that the purported climate-sensitive carbon dioxide they use to scare everyone can actually be safely stored underground. The CO2, in fact, becomes stone within a short period of time.

Hopefully, the Trump Administration will open this issue to real science instead of propaganda for tax hikes.

Jan 5 2017

GUILTY UNTIL PROVEN INNOCENT


Jan 5 2017

What Pisses Me Off About The “F@&K White People” Chicago Kidnapping


Jan 5 2017

Bonds & Climate Change


Armstrong Economics Blog/Bonds

Re-Posted Jan 5, 2017 by Martin Armstrong

ubcbt-q-1-2-2017-gmw

QUESTION: Mr. Armstrong; Your Global Market Watch picked the high in bonds perfectly and called it a major high. I have to say, the system you have created monitoring everything is an incredible teaching tool. I can see what you are saying. There is a major global trend that politicians cannot alter and that is why communism fell and socialism is falling now. Do you believe we can advance this time around when it crashes and burns?

Thanks

BM

ANSWER: Believe it or not, I am an eternal optimist; foolish at times. I gave up trying to help behind the curtain because I came to witness how politics works. You can tell a politicians to do this or there will be a crash. They will not listen for a simple reason. No politician can run for office saying, “Vote for me, I saved your job.” You would ask, “How do I know I would have lost it?” Politics is about winning. It is far better to run for office by promising change but never delivering. The political situation is simple. They like the crisis for then they launch investigations to get the guy who caused it. They will never prevent it, for that does not have the same impact at the polls.

sixth-wave-ecm-2032

Society goes through these convulsions roughly every 309 years or so. They build in intensity and that is what we now face — the Sixth Wave. On the cyclical time line, we are at the point where the collapse of Rome came about with the Sixth Wave back then.

sixth-wave-ecm-greek-roman

 

Before that, there was the Minoan Collapse.

sixth-wave-ecm-minoan

This is the third major wave. Either we go into a Dark Age, as took place after the last two groups, or we advance. I would like to think we can do this and reform the way things work. Maybe I am just wrong and we will fail. I realize the only way to take that one giant leap for humankind is if the PEOPLE understand why we never advance and say enough is enough.

So the more people we can move to understand the business cycle and DEMAND change, the better chance we have of taking a leap forward instead of backwards.

ECM-Dynamic

The ECM will still exist. We cannot alter that. The volatility (intensity) we can influence perhaps. Of course, the Minoan collapse was instigated by one of the largest volcanic eruptions in history — Thera (Santorini). The fall of Rome came with climate change when everything turned down much colder and resulted in the invasions of the barbarians who were migrating South.

global-warming-cyclical

These groups of Six Waves tend to coincide with the collapse in the energy output of the sun. The climate change we are heading into is by no means global warming, it is back down to record cold. That is not good in the least for civilization.