Published on Aug 19, 2018
Tag Archives: David Pristash
November 21st, 2018 Pi Target
Armstrong Economics Blog/ECM
Posted Nov 19, 2018 by Martin Armstrong
There are so many things happening in the political world it is next to impossible to figure out what is going to be the focal point for the Pi target since perhaps it could be a combination. The lastest hat being thrown into the ring is the European Commission is planning to enter their sanctions against Italy. As it stands currently, they have proposed disciplining Italy under EU fiscal rules on November 21st, 2018, unless the country’s government agrees to change its draft budget plan according to EU dictates. This could set in motion a drop in Italian debt which may force the ECB to buy more Italian debt or stand back and watch rates go crazy. This may also be the starting point of sending Italy into an exit position from the EU. In the weeks and months from now, we will be able to see that this was the turning point if this takes place.
The Snowiest Decade
Armstrong Economics Blog/Climate
Re-Posted Nov 19, 2018 by Martin Armstrong
This winter is starting off colder than the last two years. My biggest concern is that all the nonsense about Global Warming is preventing us from preparing for the real trend – Global Cooling. Even in the Bible, there is the story about Joseph warning the Pharaoh that there would be 7 years of plenty followed by 7 years of famine.
During these periods of Global Cooling, this is when disease increases because people are suffering during a famine. What we should be doing is being to create a strategic grain reserve as they use to do with oil. But these people who keep up the nonsense about global Warming are putting society at risk from famine. Perhaps that is what they really want to happen by reducing the population.
Monckton’s Mathematical Proof – Climate Sensitivity is Low
Illinois Thinking About Imposing a Stiff Exit Tax to Leave?
Armstrong Economics Blog/The Hunt for Taxes
Re-Posted Nov 17, 2018 by Martin Armstrong
The politicians in Illinois after destroying the state economically, want to now impose an EXIT tax for anyone who dares to think about leaving the state. This is the problem we face. They will never look at the long-term impact of their decisions. Such a tax may make others decide NOT to move to the state and then watch property values really crash.
All they think about is just to survive to the next election. There are those in the ranks who want to impose taxes on every trade in Chicago. Talk about no taxation without representation. So anyone trading on a Chicago exchange from around the world has to be taxed by Illinois without a right to vote?
Cryptography
Armstrong Economics Blog/Cryptocurrency
Re-Posted Nov 17, 2018 by Martin Armstrong
COMMENT: Mr. Armstrong, I have to say that Bitcoin has crashed again because the IMF says each country should create its own cryptocurrency. That would kill all the cryptocurrencies and you were right again. Governments will never surrender their power to Bitcoin.
Thank you for your realistic perspective
DT
REPLY: I really do not get these people. They are dreamers. Of course, governments will not surrender. Their own pensions are at stake. The majority of transactions are already electronic. You just take a picture of your check and deposit it electronically without having to go to the bank. Separate the technology from power
The Coming Monetary Crisis
Armstrong Economics Blog/Interest Rates
Re-Posted Nov 16, 2018 by Martin Armstrong
QUESTION: Mr. Armstrong, you said that next year, interest expenditure will most likely exceed military. Is this how the monetary crisis begins to unfold?
WR
ANSWER: The entire problem with this Quantitative Easing has been the plain fact that the government is the biggest debtor. This is the same model around the world. Lowering interest rates to encourage people to borrow is absurd when the greatest impact will be upon the government. Europe is now on life support thanks to the ECB. Even if we look at the United States, every 1% rise in interest rates adds $220 billion annually to America’s deficit. Since we have exceeded the Bullish Reversal on Fed Rates on an annual basis, reaching the 5% level means the annual interest expenditures will be rise by about $1 trillion per year! This is just not a system that has much life expectancy before we enter a major Monetary Crisis that is off the charts
Turkey looking to Cut Taxes to Fight Inflation?
Armstrong Economics Blog/The Hunt for Taxes
Re-Posted Nov 16, 2018 by Martin Armstrong
Since the beginning of the year, the Turkish currency has lost more than a third of its value against the dollar. As the currency declines, imports rise in cost since they are denominated in foreign currency. This adds to the inflation problem domestically. Among other things, the sharp criticism of Erdoğan in the markets has cast doubt on the independence of the central bank. In September, it raised its key interest rate from 17.75 to 24 percent in the fight against inflation without success. This too adds to inflation.
There are people starting to look at tax cuts in selected areas to compensate for the crisis in hyperinflation. It is an interesting proposal but Erdoğan is worried about a real coup this time.
Real Estate – Taxes – Currency
Armstrong Economics Blog/Real Estate
Re-Posted Nov 16, 2018 by Martin Armstrong
COMMENT: Dear Martin,
I bought ‘The World Real Estate Report’ at the end of 2016. It stated that Australian real estate was going to fall after the first quarter (March) in 2016. The property prices in Melbourne (where I live) continued to rise in April 2016 so I sent an email to Socrates Support asking them when real estate should peak. I received the reply below, which stated that the peak was either in for global real estate or the latest by the end of the first quarter 2017.
Anyway, since I owned a tiny house in Melbourne, I was facing a difficult decision if I should sell or not since it would be impossible to buy back in if the prices continued to go up.
I have been reading your blog daily since 2012, and I have read all of your forecasts being correct (eg. the Dow continuing to go up, US Index going up, Brexit, Trump winning). I also bought your Gold report in 2014 and watched gold bottom (Dec 2015) correctly for the date and price on the first benchmark, truly an unbelievable forecast.
Based on your track record I decided to sell my property at the end of the first quarter (March 2017), for which I received a fantastic price.
I’m happy to inform you that prices have been falling since the 3rd quarter of 2017.
I just wanted to congratulate you on another correct forecast.
REPLY: We all need a place to live. Governments are attacking real estate thinking it is too high and they need to make it more affordable for others to buy. They fail to understand that when they do that, the wipe out the savings dor retirement for others. Raising taxes to support government pensions is morally wrong and economically a disaster. There really should be some qualification to be a politician who them plays with people’s lives
Triggered by Ocasio-Cortez Climate Protest
Published on Nov 15, 2018






