Tag Archives: David Pristash

Nov 13 2019

Gold & the Future


Armstrong Economics Blog/Gold

Re-Posted Nov 13, 2019 by Martin Armstrong

QUESTION: Mr. Armstrong; First I want to thank you for your conference. It was my first time and I was impressed when your daughter asked how many people attended prior sessions. The number of people standing beyond 10 years was impressive. I spoke with one who had been at your 1987 WEC. He said you not only called the crash and the day of the low, but you said gold would rally only $25 and resume its decline. Now we have people still preaching how gold will rally because of the credit crisis they seem to lack the understanding of how it is unfolding. I just finished reading the Hoarding Dollars report. It is really outstanding.

Do you see these people preaching the end of the world so buy gold as just a broken record? I looked at the 1987 move. You were correct. Gold rallied begrudgingly and then resumed its decline. What will it take to make gold sustainable?

WK

ANSWER: The 1987 Crash was a FOREX crisis caused by the G5 trying to manipulate the dollar down. The rally in gold from 1985 to 1987 was simply because of the decline in the dollar. When the G5 tried to stop the decline in the dollar with the Louvre Accord in February 1987, the dollar continued to decline and that was the tipping point. The talk was that the central banks were impotent and could no longer control the economy. We are approaching that same moment in time, but it may flip back the other way. The collapse in confidence is concentrated in central banks OUTSIDE the United States. Eventually, that will migrate to the US and then we will see gold rally when people wake up and see that governments are lost.

Categories: Gold
Nov 12 2019

The United Nation’s Agenda 21 & 30 are now destroying Regional Communities


By regulating every input that a farmer uses, the Liberal and Labor parties have effectively nationalised the Australian farming sector. Labor and the Liberals are destroying the productive capacity of farming and our regional communities. Over governing drives up costs, stifles innovation, creativity and the ability of farmers to improve ..

 

Nov 12 2019

Gold Standard & the Never-Ending Fantasy


Armstrong Economics Blog/Gold

Re-Posted Nov 12, 2019 by Martin Armstrong

QUESTION: Do you think it is remotely possible for any return to a gold standard? I believe these arguments are not realistic.

DR

ANSWER: The fringe fantasy of a return to the gold standard just never dies. If we did not have vast unfunded liabilities and rising socialism to contend with, then such a possibility of a partial backing is possible. But to back the currency by gold, even say 1%, the restraints upon government would be unbelievable. First and foremost, politicians could not run with all sorts of promises. Bernie and Warren would be outlawed. We are so far away from any possible fixed exchange rate it is laughable.

There is so much that would have to change politically and economically for any form of a fixed exchange rate system, no less one backed by gold or anything that would be limited. You simply have to comprehend that even attempts to fix the currencies have blown up like the pound in the ERM crisis and the Swiss-euro peg. There is just so much more to this than some fictional return to a gold standard. Bretton Woods collapsed because they fixed the dollar to gold. You cannot fix even gold and silver to an unchanging ratio.

Categories: Gold
Nov 12 2019

The Fraud of Climate Change


Armstrong Economics Blog/Climate

Re-Posted Nov 12, 2019 by Martin Armstrong

There are hard links between the world’s largest financial groups, including Goldman Sachs, pushing the climate change agenda by selling “Green Bonds” which are the latest scheme on how to lose a lot of money very fast. They promise to be great sellers as they whip people up into believing they can do their part by purchasing green climate bonds.

The goal is to tap into literally trillions of dollars in the bond markets by capturing new wealth from a younger generation ignorant of investment. There are major global banks and financial giants with their hands out hoping to get more than a fair share of a market that loses money with good consistency.

The fossil-fuel-free investment movement was gaining momentum. The Norwegian sovereign wealth fund claimed it had blacklisted most hydrocarbon energy producers. However, in a country where its wealth has come from oil, it seems a bit odd. They did backtrack slightly and clarified to say they would still allow investments in integrated energy groups that were at least moving in the right direction.

The last time there was such a movement with a moral divestment was in the tobacco industry. That turned out to be more show than truth and it merely resulted in the entire sector being converted into value-orientated income stocks.

It appears that as the West seems to pretend it has a conscience, they seem to be selling to state-owned institutions that are owned by Russians, Chinese, or Middle Eastern entities. It is merely changing ownership, not actually shutting down the companies or changing the use the fossil fuels.

C
Nov 11 2019

FEDERAL RESERVE THANKSGIVING!


GRRRGRAPHICS ON  FACEBOOK INSTAGRAM PARLER   GAB TWITTER POLITICHATTER

The stock market melt-up continues. Oh sure, it may be going down today, but that would indicate another buying opportunity. Buy the dip! That has worked for the past 10 years. Recessions are a thing of the past. Unemployment is low. The economy is doing great! Buy stocks! BUY BUY BUY! The stock market will not go down through 2020. Trump has ordered the Fed to make it so. We should be glad our president has such influence, but it’s more complicated than that.

I support Trump, but he’s wrong about the stock market has an indicator of economic health. The stock market is in a ridiculous bubble. That’s what the Federal Reserve does—it creates bubbles. The valuations of stocks are way out of whack with what the companies earn.

Too many Americans can’t afford to buy such sky-high stocks anyway. Most Americans are in debt and living paycheck to paycheck. For the first time, the 1 percent now has more money than the entire middle class combined. Not by means of capitalism, but by fascism. They’ve rigged the game in their favor. They have hijacked our government to make sure they will get more. Always more. The middle class is in decline. Real wages are not rising, but they’re paying more in terms of taxes and the hidden tax known as inflation. The millennials can’t pay off their college debt, let alone buy a house and start a family. The corrupt, millionaire politicians made sure those with college debt can’t declare bankruptcy. Housing prices are prohibitively expensive. That means rent goes up, too. One third of the millennials are forced to move back in with their parents. Meanwhile, 84 percent of the stock market is owned by the wealthiest top 10 percent of Americans. The 1 percent owns 38 percent of the stock market.

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The ‘too big to fail’ banks have no worries. While most Americans fret about paying bills, the banks get free money from their Federal Reserve, which is there to bail them out to the tune of $150 billion per day if needed. Quantitative easing never ended. The Plunge Protection Team that is the Fed always ensures the market is propped up. It’s a perma-Thanksgiving feast for the central banks. These banker turkeys love to gobble up money. They are stuffed with money. A lot of that money goes into ‘their’ stock market. Martin Armstrong predicted the Dow will hit 40,000 in a few years. Why? Because all that free money has nowhere else to go, so they use it to make the stocks they already own go up even more. The banks aren’t going to give it to us, that’s for sure. We do get stuck with the bill, however. We pay for it via inflation and taxes and the national debt has now exceeded $24 trillion.

The Illuminati won’t spend that money on rebuilding infrastructure such as roads and bridges, but they will use it to buy up utilities and then make sure the electricity gets turned off to make their serfs suffer even more as they usher in their climate change-based ‘globalism.’

Conniving, evil men were allowed to inflict the vile Federal Reserve debt money system upon We The People. Congress unconstitutionally abandoned their mandate to handle our currency. They illegally turned over that power to international bankers. The Illuminati have always been about globalism and control and they’re achieving their goal by controlling our money supply. By this means they buy out everything—the mass media, the politicians, the courts—everything.

It’s time to wake up and END THE FED!

—Ben Garrison

Nov 11 2019

The Solution


Armstrong Economics Blog/Economics

Re-Posted Nov 11, 2019 by Martin Armstrong

QUESTION:

Hi Marty:

Congratulations on a fantastic WEC 2019.

I have reviewed your Solution video. Could the government ease into such a solution in stages? For example, the government could place a moratorium on issuing debt and pay the year’s budget which included a reduction in principle on outstanding bond debt, and meeting current interest expense, by printing actual currency.

Dan

ANSWER: Yes. I believe we would have to do this in three stages. The point of the exercise is that markets trade on ANTICIPATION. Once it is realized that we are actually making a fundamental change, the markets will begin to move to reflect the long-term expectations.

Categories
Nov 10 2019

UPDATE: NOV. 8  MARKS THE ONE YEAR ANNIVERSARY OF CALIFORNIA’S DEADLIEST FIRE IN STATE HISTORY- THE CAMP FIRE


The United Nations is making progress with their various agendas.

For those of you who thought they could not possibly become a reality, we are now seeing it happen before our very eyes. Oh sure, they frame things such as Agenda 30 in positive terms. They state they’re out to make humanity more peaceful and prosperous by the implementation of ‘sustainable’ things to protect the planet. In reality, the satanic illuminati who are running the show are protecting THEIR planet for THEMSELVES. They already own everything important and we pesky humans who aren’t in their club must be dealt with and they’re doing that now—especially in California by means of climate engineering, stripping away liberty by means of every-growing government regulation, high taxes, and of course controlling energy.

The elite want a cashless society so they can control our funds. Those who step out of line won’t be able to buy food or pay for rent. They want complete government control of our health. What Elizabeth Warren wants will be the completion of still yet another Communist plank. It’s not free stuff, it’s more government control over our very bodies.

They want us to completely give up our privacy and get groped at airports and elsewhere and be grateful to them for ‘making us safe.’ They want to control our food. They want us to eat fake and GMO food. They want to control our water. Private wells are now regulated in California. All human activity now seems to require government permission.

They want to control where we live. Permits are required for generators. Now they can cut off power whenever they want to, and they want us to become accustomed to privation. At the same time they want electric cars and a Green New Deal. “You’d better obey or we’ll turn off your power!” For those at the very top, they will obtain easier control if they can force people into cities, while they complete the wilding of future no-go zones in the country. This is all part of the UN’s plan and it’s happening.

They’re showing us who is boss in California, and it’s not We The People.

It’s time to stand up and stop participating in our own slavery. It’s especially important not to give up our guns.

 

—Ben Garrison

Nov 9 2019

Final Solution to Climate Change: 11,000 Climate “Experts” Demand Depopulation


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Some 11,000 “experts” around the world say that it’s not enough to reduce fossil fuel burning, the climate emergency is here and we need to cut the number of people on the planet. But what do they recommend as a method of depopulation? Who decides which techniques we’ll use, on which people groups, to produce a less inhabited planet? Access the full archive of Right Angle at https://BillWhittle.com and connect with a vibrant community of conservatives in a private enclave when you become a Member. ALERT: Stitcher podcast listeners can now hear audio versions of Right Angle, along with the folks who enjoy us on Apple, Google, SoundCloud, Podcast Addict and others. Get the link to your podcast player here: http://bit.ly/BWN-Podcasts
Nov 8 2019

Mickey Mouse Climate Change Scientist Says We Need To Reduce Population


Armstrong Economics Blog/Climate

Re-Posted Nov 8, 2019 by Martin Armstrong

Amazingly, among the list of 11,000 climate experts includes Mickey Mouse from the Mickey Mouse Institute For the Blind. No one in the press bothered to verify such a claim despite 11,000 scientists claiming to have signed something that no legitimate scientist would EVER ascribe to. This outrageous paper claimed to be supported by 11,000 scientists states:

The solution is replacing fossil fuels, reduce methane gas, eating less meat, restoring ecosystems, outlawing a carbon-based economy, reducing population growth, and educating girls not to have children.

It is curious that the very same goal of reducing the population began during the environmental movement for wetlands. It is clear that these people believe in reducing the population, but their arguments will impact ONLY the industrial world so the population will continue to grow in Africa, Asia, and South America. The third world sees this as the oppression that they should not now develop. Why don’t they pass a law making it illegal to heat your home or use air conditioning? Would they also be in favor of pulling the plug on hospitals for consuming electricity to save lives they think should be terminated provided it is not theirs?