Armstrong Economics Blog/Education
Re-Posted Sep 25, 2020 by Martin Armstrong
QUESTION: Hi Martin,
Thank you so much for sharing the connections Socrates is making between seemingly unrelated ideas. I’m a high school/collegiate science teacher and am wondering if Socrates has identified any correlations between coming astronomical phenomenon (like lunar phases or planetary alignment) to war or the economy. The information you’ve provided on the Sun has been amazing!
BTW, my students and I use the information you blog about as the foundation for the conversations in our Socratic seminars.
Thanks for all you do!
REPLY: I have not used astrology even though my understanding has been that it was devised by the Babylonians who sought to correlate events on earth to events in the heavens, as well as the movements of the earth and animals. I am not so certain that specific events in the markets can be forecast by that method because things change and there are more complexities involved today. Nevertheless, they may align with what I have to say from time to time. The cycle of the sun 300 years aligned with our 309.6-year cycle. It is interesting that these solar cycles are getting weaker. The climate change that appears to be on the horizon is not global warming, but global cooling.
There is no discussion of even how the poles flip. I worked out the cycles on that from the data that was sent to us to see what Socrates would come up with. It turned out to be a 720,000-year cycle, so unfortunately we do not have an account of what took place the last time. Nonetheless, we are in line for that change perhaps post-2032. The poles flip every 11 years on the Sun. But, nobody lives there to explain the impact. There is no discussion of the sun cycle nor the movement of the poles in this climate change scenario they put forth where they claim we will all die after 7 years.
I am thrilled that you are teaching your students how to think. I really wish more teachers stopped the brainwashing and open their own eyes to the agenda being forced upon the youth for nefarious purposes.
Armstrong Economics Blog/Economics
Re-Posted Sep 25, 2020 by Martin Armstrong
QUESTION: Mr. Armstrong,
If this “Great Reset” movement pushes gold underground, what would that mean for gold producers? I recall reading on your blog that when gold was confiscated in the United States to devalue the Dollar, gold producers were happy because governments started buying their product at a fixed price which allowed the producers to avoid market risk. Do you see a similar pattern emerge from those wishing to enforce a digital currency? Is there a risk that producers would be forced to shut down? Certainly, the closely-linked copper production industry is too valuable for them to sabotage?
Thank you as always for the great insight that you provide. Looking forward to the full gold report.
ANSWER: This time it will be different for they have no intention of backing any currency with gold. To do so means they cannot enjoy the objective of this New Green Socialist World Order. They need to be able to create money as needed, hence MMT. They are doing this because of (1) the Sovereign Debt Crisis since they can no longer borrow at absurdly low rates which means there is a threat where they will be unable to roll the debt perpetually as they have been doing, (2) there is the Monetary Crisis Cycle also coming into play.
They believe that if they cancel all currency and force everyone into digital, then that will not only end bank runs, but it will end the black market from working under the table, tips that are not declared, to drug dealing and prostitution. As I have reported before, in Rome, they passed a law that said you could not pay a prostitute with a coin that had the image of the emperor – which they all did. The solution was to create prostitute tokens. You bought the token, paid the prostitute with that, and later she redeemed the token for coins.
There is always going to be some black market. I would suspect it will be primarily built on barter. There is also the possibility that private money will emerge as it did during the American Civil War, German hyperinflation, and during the Great Depression known as Depression Scrip.
I will be detailing these changes in events in the upcoming Gold Report.
Re-Posted Sep 24, 2020 by Martin Armstrong
QUESTION: What did Martin mean by gold having a 21 year high. I simply can’t see how it is possible for it not to go up from here as sovereign debt collapses and printing presses are on turbo
I’ll be getting the gold report when it’s out but…. I’m about to get my hands on a few million pounds and I just want it to vanish into the ether so they don’t tax it, gold coins seemed the obvious option
REPLY: The major low was 1999. We have to be concerned that this agenda does not seek to also regulate gold once again. They are manipulating the currencies and several countries are starting to buck the trend. The question becomes this assumption that they are trying desperately to retain power using this fake virus to justify suppression
Armstrong Economics Blog/BRITAIN
Re-Posted Sep 20, 2020 by Martin Armstrong
COMMENT: I cannot affirm that Boris has read your book Manipulating the World Economy, but it has been seen in 10 Downing Street.
REPLY: I don’t doubt that. There was a group buying copies to send to members of Parliament.
Armstrong Economics Blog/Economics
Re-Posted Sep 15, 2020 by Martin Armstrong
QUESTION: Hi Marty I so miss the WEC conferences. Can you comment on ECONOMIC WAR in historical perspective. In early 2000s I heard that wars will no longer be fought with guns but instead will be faught with economics, are there examples of using economics in history that correlate to the present and the decline of the west and rise of the east? There was a book titled “all the monies of the world” by franz Pick and the line I remember from it was “the destiny of a currency is, and always will be the destiny of a nation” always wishing you the best and I am very thankful to have met you in Orlando
ANSWER: There have been frequent attempts to fight wars economically. The Germans were counterfeiting the British five-pound notes to undermine their economy. During the American Revolution, the English were counterfeiting the Continental Currency also to undermine the economy. This is standard since the invention of paper money.
In ancient times, the counterfeiting was private. There was no strategy to use counterfeits to undermine an adversary. In the case of the siege of Athens in 404 BC by Sparta, they simply cut off their supply of silver to undermine their ability to fund the war.
This time around, moving to a digital currency opens the door much wider to undermining the banking system itself as a tactic to wage war.
Armstrong Economics Blog/Civil Unrest
Re-Posted Sep 12, 2020 by Martin Armstrong
Today in Paris, many thousands of “yellow vests” took to the streets to demonstrate against French President Emmanuel Macron and the French government over its draconian lockdowns and CORONA restrictions. This was a massive riot where police not only used tear gas and batons, they were firing both rubber bullets and live ammunition. These lockdowns are by no means about taking care of people. This is raw tyranny and we will see if they even stand for election in 2021/2022.
The next French Presidential election will begin Friday, April 8, 2022. What is interesting is when we look at the Quarterly Array on the French CAC-40, it is clearly showing the first quarter will be very volatile. This is clearly the impact of the French elections and there is a deep concern that Macron will even suspend the elections under the pretense of a national emergency as we saw in New Zealand. The protests of the “yellow vests” against Macron began back in November 2018. They were initially triggered by rising fuel prices and a pension reform plan. We are looking at sheer political chaos in France as the elections will come 43 months from the beginning of these protests (50% of 86).
Armstrong Economics Blog/Cryptocurrency
Re-Posted Sep 11, 2020 by Martin Armstrong
QUESTION: Marty, they do not call you the legend for nothing. You nailed the crash earlier in the year and the very day of the low on March 23. Now your call for the September 3 target was again to the day. In the middle of this chaos, gold has not performed well. Given this is 21 years up, that does not give a lot of confidence for a continued rally just yet. Will you be doing the gold report soon?
ANSWER: This year was a Directional Change for gold and the next turning point in 2022. Most of the volatility on gold appears to be the first six months in 2021. You must understand that this is far more than just a war against Trump to conquer Capitalism and impose drastically higher taxes and this New Green World Order that Bill Gates wants to eliminate meat production along with fossil fuels. The number of active oil wells in Texas has fallen from the 400 level to about 100. This is creating a massive shortage in everything from food to energy.
The first sports arena to open in Las Vegas is making it very clear – NO CASH accepted. They are actively making money scarce and telling everyone cash is dirty and spreads this life-threatening virus. This hoax is being carried out to usher in the cashless society so they can collect their 70% tax rates by force.
In Thailand, there were 58 deaths from this virus, yet 2,551 suicides because of losing everything. This virus has impacted absolutely everybody. No politician in their right mind would do this unless they are being bribed.
There remains a serious risk to the gold market that they will once again make it illegal. You must realize if they are trying to eliminate cash to force everybody back into banks so they can tax you, why would they allow gold or private cryptocurrencies to compete? Pay attention! California is trying to create RETROACTIVELY a wealth tax proposed by Elizabeth Warren on the advice of the French Marxist economist – Thomas Piketty. A wealth tax FORCES you to tell them ALL your assets EVERYWHERE even if in storage offshore. These are policies that the Democrats are championing and it will drive gold underground.
So, the answer is YES! I am preparing a very important report on precious metals.
Anyone who thinks that this has not been orchestrated is delusional. I warned that our computer picked up this plot beginning in late August 2019. European politicians have gone along with Gates for one reason. The Repo Crisis began because Merkel publicly made it clear that there would be no bank bailouts in the Eurozone. That was because of the Italian banking system. But then Deutsche Bank was in trouble and she has to maintain that same policy.
Therein began the Repo Crisis. US banks would not lend in the REPO market to any European bank for fear if a collapse took place, they would be stuck with losses the Eurozone would not cover unlike the aftermath of the Lehman Brothers Crisis. Hence, the Fed had to step in and provide lending in the REPO for European central banks.
Consequently, creating this FAKE Pandemic has been the life-preserver for Europe. This has masked the banking crisis and justified now buying banking stocks, which is the indirect bailout, and the elimination of cash in Europe will force everyone to return to the banks. They need this HOAX to cover the banking crisis, but in the process, they have created a huge nightmare they did not foresee.
Suspending rents and preventing evictions while they imprison the population in lockdowns with no real pandemic which German Health Minister just had to admit, has undermined the banking system even further, Now they are talking behind closed doors about forgiving past rents for tenants. That does not address the collapse in commercial property. That is raising the Marxist issue of perhaps they should just confiscate those rental properties by nationalizing them.
The ideas being bounced off my ears are too absurd to think about. None of them propose a return to a gold standard – sorry!
Armstrong Economics Blog/Central Banks
Re-Posted Sep 9, 2020 by Martin Armstrong
QUESTION: Buongiorno signor martin anche se mi piacerebbe chiamarla professore, è la Bce sta comprando azioni delle banche europee grz
ANSWER: The ECB is looking into buying bank stocks because nobody else will. It is the only way to pretend they are meeting their capitalization. They are floating the idea of buying stocks, but they are not expressly saying bank stocks. It is another attempt to desperately try to hold on to this fiction. It will not succeed. They are buying stocks rather than doing bailouts. It amounts to the same thing, but they can claim it is not a bailout politically.