I don’t agree with crazy Bernie’s views but he does have a right to them; and the DNC will be sorry if they run Hillary and she goes down in flames despite all they to to prevent here self destruction.
Tag Archives: Central Planning
Venezuela Demonstrates Why Socialism Always Fails
Armstrong Economics Blog
Re-Posted May 27, 2016 by Martin Armstrong
Venezuela had the greatest oil reserves of any country. The country was ruled for 14 years with the iron fist of Hugo Chavez. Then anti-capitalism wiped out the country and sent it into hyperinflation. “Socialism fails when you run out of other people’s money,” as Margaret Thatcher said. It is human nature for people to work less if the state is robbing them. What is the point of producing if the state just takes it away? Every socialist system has sent capital fleeing and caused investment to decline, yet politicians never see this. They just assume everyone will continue to work and pay whatever they demand in taxes. Venezuela is in a meltdown and people are starving.
As an employer, if workers were always confrontational, why would I desire to be in such a position? Eventually you quit, fire them all, and contract. The union workers in France kidnapped the head of Goodyear and his family and demanded a greater payout. Is it any wonder why Goodyear closed in France? Who would want to run such a company if they were always in an adversarial position with employees? If there is no team, there is no business. This is what socialism destroys. There is no teamwork; instead, it turns everything into an adversarial confrontation.
Guest Post From Anaheim Rally: “Bluto’s Day At The Love Fest”…
Nice write up The people I meet in the Cleveland rally were the same — and its simple they were all real Americans!
India Joining Cashless Society – Pulling the Plug on Govt.
Armstrong Economics Blog
Re-Posted May 27, 2016 by Martin Armstrong
COMMENT: it is just chaos by politicians destroying the future. cashless society …how did u see this just amazing.I never thought it is coming to india as indians believed in hard MONEY sir.
thank you for your knowledge i think in future u should create an AI to help the people show the path. Coz there is no other way to see this except CYCLES.
We end up making same mistake over and over again.
REPLY: All governments talk. Indian Prime Minister Narendra Modi is now saying that a cashless society will end black money. He is on par with the rest of the political world. The prospect of a cashless society was discussed at the last G20 meeting. They want to eliminate cash worldwide and shut down tax havens. When you have actually worked behind the curtain, you come to realize how things really work. Those who make up conspiracy theories are usually biased. For decades, I have been told in meetings with many governments around the world that IF PEOPLE PAID THEIR TAXES THEY WOULD HAVE NO PROBLEM RUNNING SOCIETY. This has been told to be so many times; it is the prayer they say at the foot of their bed before they go to sleep every night.
There really is nothing new from what they are doing now and the fall of the Roman Empire. The human emotions are the same. This is the ONLY reason I am doing what I am doing. If I acted only for myself, I would run to an island and trade from the beach. But I realize that government is like water in a bathtub. There will be no place to hide. History teaches us that. So the question becomes, how fast will this be over? I follow our models. Once the plug is pulled, everything will go down the drain very rapidly. We spend tens of millions of dollars recreating the world monetary system to answer the question: how fast do governments die?
Look at this chart of the fall of the Roman monetary system. The Persians captured Valerian I in 260 AD. His son Gallienus took over and the economy went into a massive wave of deflation after the people came to the realization that they were vulnerable and began to hoard money. As people hoard, as they are doing right now on a personal, corporate, and bank level (see Fed excess reserves), the economy turns down and that results in less tax revenue. Before, they debased the money for that was the means to increase the money supply to meet expenses. The bottom in the debasement unfolded in 268 AD. So while Rome lasted over 1,000 years, its monetary system collapsed in just 8.6 years. That was without internet, radio, or TV for communication.
Those in power really do see us as the great unwashed who are clueless and hopeless without them. They fight against the invisible hand all the time, and they want to rule the world. I have met with many heads of state over the years. They all know about our computer. They always seem to want to know what it is saying. It is not that they follow it, but rather they call to keep an ear to the ground to see who is winning this eternal contest between the rulers and the great unwashed.
When Bronze is Worth More than Gold and Silver
Armstrong Economics Blog
Re-Posted May 27, 2016 by Martin Armstrong
An ancient Roman shipwreck has been discovered in the port of ancient Caesarea, located in Israel. The ship was full of bronze statues and coins that were destined to be melted down. The coins are from Constantine (309-337AD) and Licinius (308-324 AD). The typical bronze Follis of this period weighed 6.5 grams on average. By the end of the century, bronze coins were reduced to under 2 grams.
Shipwrecks like this are rare and typically the main source of bronze objects since most would have been melted down. The Vandals sacked Rome, and, to this day, we retain the word “vandalize” because they ripped the copper off the roofs of every temple. Even bronze went through cycles of abundance and periods of scarcity. There is a cycle to everything.
There was an attempt to restore the bronze coinage under Constans in 348 AD, and again under Julian II in 362 AD. As the empire began to spiral down, the coinage became gold and silver. Bronze was hoarded because it had a utilitarian value and could be recast into weapons or tools. The 4th century finds bronze all but vanish and gold becomes the common means of a medium of exchange until the empire collapses altogether in 476AD.
Even after the fall of Rome, we find the coinage is virtually only gold. The Merovingian coinage is gold, and the same is true in the Celtic coinage. This eventually gives way and gold vanished for 600 years. The Dark Age produced some coinage, but they are rarely found more than 20 miles from where they were struck, which confirms the lack of trade. The coinage simply became silver.
We can even see the debasement of gold being replaced with silver in the coinage of the Anglo-Saxons. The silver denarius of Rome was revived and became the silver penny in Britain. Offa (757-796 AD) even issued coins with his wife’s portrait. This is a direct restoration of the Roman monetary system that always issued coins showing the first lady so to speak.
It is this restoration of the Roman denarius which continues to the present time. Indeed, the penny in your pocket is, in fact, the direct link to the Roman coinage that is alive today until we move to electronic money.
A Trump-Sanders Debate Would Be Unprecedented – And Also Hillary’s Worst Nightmare…
Now this would be the end of Hillary’s run — Trump debates Bernie and makes her look like a fool . Great move I hope it works out.
Tripwire Alert – Signals Intelligence Indicates Wall Street Dropping Hillary Clinton…
Hillary Clinton was never going to be elected she is just not electable for some many reasons that they would be hard to list. No one ever really liked Hillary they liked Bill and put up with her and that was it.
Will Britain Stay or Go?
Armstrong Economics Blog
Re-Posted May 26, 2016 by Martin Armstrong
QUESTION: Mr. Armstrong, what do you think the British will do? Stay or go? Will you be here for the vote?
ANSWER: I will be there. It looks more like urgent meetings forming after the vote; not before. I would say that the odds of a BREXIT vote to leave are not looking good. It is hard to predict this because I expect the vote to be rigged just as they rigged the vote in Austria claiming they had to count the mail-ins and suddenly the establishment won by 31,000 votes. Hofer may be telling people to be calm to prevent violence. But everything points to fraud as it did in Scotland.
We will publish the BREXIT report next week. If the Brits vote to leave, Europe collapses. The EU needs Britain desperately. Why keep the pound at all? There is no point. They should just jump in pool. Why just put your big toe in? This is the 43 year target for the Britain joining the EU back in 1973. This may end up as the final nail in the British coffin of empire. They even paid S&P to say if the Brits vote to exit, they will remove the pound as a major reserve currency, which is a joke. Why? The S&P are always paid and say whatever the highest bidder demands. Cameron has pulled out absolutely everyone to say Britain must stay. Unfortunately, he is betraying his own country. S&P’s statement is meaningless. They are a rating agency who has joined the “club” and their performance in 2007 giving AAA ratings to junk bonds that blew up the world proved that. I personally believe the S&P is not to be trusted.
Here was the computer projection for the 1992 and 1996 Presidential elections showed that the Democrats should have won the popular vote. Clinton won both elections.Now look at the 2000 Presidential election. Our model projected a Democratic victory which would have been Al Gore over Bush. As we know, they refused to recount the Florida vote and it ended up in the Supreme Court which ruled along party lines.
After the election, the votes were correctly counted. They indeed showed that Gore should have won. Our model does not forecast the rigging, but who should win. I can say in the case of Scotland, Austria and the upcoming BREXIT, all three should have been against the EU. That said, the likelihood of allowing the British to leave is highly doubtful for Brussels will collapse.
That is why so many are chiming in to keep Britain in the EU. All their reasoning is nonsense. This is a very sad day for Britain. It will see its independence slip away into thin air. You cannot save the EU. This is like someone falls off the cliff so you jump as well to hold their hand on the way down.
The EU is a total failure. This federalization of Europe is a deliberate utopia for politicians with high paying jobs, tax exemptions, and the people have no possible ability to ever vote for a policy change. This is the most anti-democratic structure ever thought of in Western culture.
We will issue a special report on THE FATE OF BRITAIN. This will be available next week. It is a very important report looking at Britain and what lies ahead covering the pound, pound/euro, and the FTSE.
“Patrone” – Latinos For Donald Trump (Video)….
I have seen this is Cleveland with the minorities here when I ask people on the street who are they for more say Trump than Hillary.
France Socialist Trade Unions Refusing to Reform – Civil Unrest Erupting
Armstrong Economics Blog
Re-Posted May 26, 2016 by Martin Armstrong
Our sources in France are unanimously warning that a major socialist union uprising is building in France and could erupt rapidly. The unions in France are notorious for being the most socialist, highly Marxist, in the entire world. To get their demands, they will go anything. They even kidnapped the head of Goodyear until he yielded to their demands. They act more like Stalinist rebels who ignore laws and it is always just about them. Employers are evil capitalists in their book.
This time the uprising is building over proposed labor regulation reform supported by Hollande, who is a socialist himself. President Francois Hollande’s government realizes that France is doomed internationally and unemployment will only rise. His labor reforms are designed to make it easier for companies to hire and fire employees. As it stands, it is next to impossible to fire anyone. As a result, companies are not hiring.
Even the socialist MPs refused to vote for it. In France, if Parliament does not do what the President commands, he need not rely upon them. Prime minister Manuel Valls employed a constitutional tool that allows him to bypass the parliament altogether. This has now resulted in rising social unrest. A real confrontation is building. The question is can France become competitive globally at all?
The trade unions are beginning to block fuel supply to shut down the country. They managed to shut down five refineries. They are also looking to suspend nuclear power plants until they get their demands. If you are looking to fly to Paris, forget it. They will shut down the airports, the trains and all the public transports in Paris as well. Even the
agricultural unions may join the movement. The unions are promising unprecedented violence the first week of June.
Hollande is losing support and he is also unlikely to survive elections next year. The French, like everywhere else, are fed up with government. Th unions do not want to give anything back in France so this will contribute to the overall bearish view for the Euro moving ahead.
The fraud in Austrian elections that the “establishment” candidate wins by a mere 31,000 votes to keep Austria in the EU is also fueling the sentiment throughout Europe that any hope of a fair election to regain one’s country is not realistic. The French are worried that the 2017 elections will be rigged as well.
All our direct sources in France are warning that the country is disgusted by Hollande and the “establishment” government in power.
