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Jun 3 2020

Sovereign Defaults Unfolding


Armstrong Economics Blog/Emerging Markets

Re-Posted Jun 3, 2020 by Martin Armstrong

In the Gulf, states are facing bankruptcy. Oman can hardly even pay his electricity bill. The IMF has been now lobbying to defer emerging-market debt for one year. We have been able to confirm from behind the curtain that more than 100 nations have asked the IMF for help. The sheer stupidity of this coronavirus lockdown is beyond belief. It seems no politician bothered to ask advice from anyone other than epidemiologists. Neil Ferguson may have resigned for bad judgment, but the politicians who failed to consult other fields including economics should resign. The lack of common sense amounts to the said fact that politicians have set off a Monetary Crisis cycle over the next two years, for they have seriously disrupted the entire world economy. These emerging markets will not be able to pay their debts any time soon, especially when European politicians are trying to convert the economy to a New Green Order.

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By Centinel2012 • Posted in World Economic Form • Tagged 100 Year Bonds, Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, BOJ, bubbles, Business cycle, Carbon tax, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Corporate greed, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Davos, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FBAR filings, FED, financial ponzi schemes, Forced loans, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, Gift Cards, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Implanted chips in you hand, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, MMT, Modern Monetary Theory, Modern Money Theory, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, Never enough money to give away, new world order, No more Stop-loss, Out of control medical industry, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Political Corruption, Pre-Pay VAT, Privilege Tax, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign debt crises, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, The Great Alignment, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, US Dollar’s now the world’s currency, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
May 31 2020

Thatcher on the Redistribution of Wealth Rather than Creating Wealth


Armstrong Economics Blog/Economics

Re-Posted May 31, 2020 by Martin Armstrong

 

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By Centinel2012 • Posted in Economic Subjects • Tagged 100 Year Bonds, Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, BOJ, bubbles, Business cycle, Carbon tax, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Corporate greed, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Davos, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FBAR filings, FED, financial ponzi schemes, Forced loans, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, Gift Cards, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Implanted chips in you hand, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, MMT, Modern Monetary Theory, Modern Money Theory, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, Never enough money to give away, new world order, No more Stop-loss, Out of control medical industry, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Political Corruption, Pre-Pay VAT, Privilege Tax, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign debt crises, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, The Great Alignment, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, US Dollar’s now the world’s currency, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Apr 23 2020

When Will a Light Go Off?


Armstrong Economics Blog/Economics

Re-Posted Apr 23, 2020 by Martin Armstrong

COMMENT: Mr. Armstrong; Your letter has circulated here in the _________________ Parliament. I must say, it is brilliant. The problem is most people see just writing checks is easier to understand than actually suspending expenses. I fully understand whilst you cannot terminate the income side of their balance sheet without also suspending the expenses, it is a concept that is not easily seen as a solution. I believe the pain has to get worse before they will listen.

Cheers

Anonymous

REPLY: I find it just astonishing that there is a complete lack of common sense in representative government. They cannot continue to just subsidize people with no comprehension of where this ends. The deleveraging in the global economy is more than $100 trillion dollars. You cannot create enough money to even soften the blow. You would think that after the failure of Quantitative Easing since 2008 its utter failure to rekindle the economy, that a light would at least go off in someone’s head and they would ask: Why has this never worked?

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By Centinel2012 • Posted in Economic Subjects, U. S. DC Uni-party • Tagged 100 Year Bonds, Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, BOJ, bubbles, Business cycle, Carbon tax, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Corporate greed, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Davos, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FBAR filings, FED, financial ponzi schemes, Forced loans, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, Gift Cards, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Implanted chips in you hand, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, MMT, Modern Monetary Theory, Modern Money Theory, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, Never enough money to give away, new world order, No more Stop-loss, Out of control medical industry, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Political Corruption, Pre-Pay VAT, Privilege Tax, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign debt crises, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, The Great Alignment, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, US Dollar’s now the world’s currency, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Apr 20 2020

Will the Dow Make New Highs?


Armstrong Economics Blog/Sovereign Debt Crisis

Re-Posted Apr 20, 2020 by Martin Armstrong

QUESTION: Mr. Armstrong; I am a new reader. I was wondering if you agree with Trump that the stock market will make new highs.

Thank you for your time

JA

ANSWER: The market will make new highs, just not this instant. However, it will not make new highs because the economy will be strong. It will make new highs because governments have abused their power and their debts are far too excessive. Europe will be the first to default on its debt in a clever manner of transformation. The European Central Bank is dead in the water. They can offer no solution and have turned to ask for the cancelation of all paper money and the issue of federal coronabonds.

Capital will flee from government debt into equity when the people begin to realize we have reached the end game.

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By Centinel2012 • Posted in Economic Subjects, U. S. DC Uni-party • Tagged 100 Year Bonds, Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, BOJ, bubbles, Business cycle, Carbon tax, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Corporate greed, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Davos, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FBAR filings, FED, financial ponzi schemes, Forced loans, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, Gift Cards, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Implanted chips in you hand, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, MMT, Modern Monetary Theory, Modern Money Theory, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, Never enough money to give away, new world order, No more Stop-loss, Out of control medical industry, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Political Corruption, Pre-Pay VAT, Privilege Tax, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign debt crises, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, The Great Alignment, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, US Dollar’s now the world’s currency, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Apr 8 2020

There is, a Reason, why YOUR, healthcare system is Broken — Obamacare, Obama!


Andrew G. Benjamin image

Re-posted from the Canada Free Press By Andrew G. Benjamin —— Bio and Archives—April 7, 2020

Obama, ObamaCareIf you’re wondering why this nation’s health care system is in disarray, unprepared, disorganized, and malfunctioning?

First look in the mirror.

You voted for it in 2008 and then doubled down by voting for it again in 2012.

National health care system is called Obamacare

The national health care system is called Obamacare. It is still called Obamacare.

It’s been the law of the land for eleven and a half years, whereas rationing has begun weeks ago. Rationing of ambulances, rationing of beds and doctors, rationing of ventilators, rationing of medicine, and rationing of oxygen. Rationing of your lives!

Rationing for your family, children, parents and grandparents, friends and workmates.

Yes, You, AMERICA, voted for it.

You were warned what would happen.

You were warned about DEATH PANELS. You were warned about Obama’s Chief-of-Staff Rahm Emmanuel’s brotherEzekiel who drew up the plan, just as the Obamedia went on a coordinated campaign to defend it. You were warned about the former president and Nancy Pelosi who, in front of national cameras, told reporters “We’ll have to pass the bill so you will find out what’s in it.” We know what’s in it now, don’t we?

You were warned by Sarah Palin. You chose to draw mocking cartoons of her.

And then many of you laughed like neighing horses.

You mocked us. You parodied us

You mocked us. You parodied us on Saturday Night Live. You made fun of us. Accordingly, do not look to blame this president and Republicans to scapegoat, 100% of whom were solidly against Obamacare. Do not expect Donald Trump to FIX with more trillions of OUR hard-earned money, blood and sweat, what yours broke deliberately, stupidly, and irreversibly. Do not blame Trump for being behind the curve or out of touch when the CDC, NIH and the chief doctor you are defending now told the nation as late as January 21, there’s nothing to be concerned about

You will, but we, will, laugh, at, you. While sobbing as we bury ours.

Care to guess who, which family, friend, associate of yours will become the VICTIM of Obamacare next?

Even the far left agrees!

The Truth About Obamacare

THE TRUTH ABOUT OBAMACARE

ELECTIONS HAVE CONSEQUENCES – INDEED!

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By Centinel2012 • Posted in Medical and Illnesses, U. S. DC Uni-party • Tagged 100 Year Bonds, Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, BOJ, bubbles, Business cycle, Carbon tax, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Corporate greed, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Davos, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FBAR filings, FED, financial ponzi schemes, Forced loans, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, Gift Cards, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Implanted chips in you hand, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, MMT, Modern Monetary Theory, Modern Money Theory, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, Never enough money to give away, new world order, No more Stop-loss, Out of control medical industry, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Political Corruption, Pre-Pay VAT, Privilege Tax, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign debt crises, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, The Great Alignment, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, US Dollar’s now the world’s currency, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Apr 8 2020

Gates – Stupid or Diabolical?


Armstrong Economics Blog/Disease

Re-Posted Apr 8, 2020 by Martin Armstrong
Bill-Gates-No-Gatherings

Bill-Gates-No-Gatherings

Bill Gates is obsessed with his theory on vaccines and is clueless with regard to the economy and all the loss of jobs. People should lose their pensions, their livelihoods, and crime has already risen by 22.5% in New York City. None of this bothers Gates. Then we have the Democrats who are so caught up in their hatred of the rich, they have lost sight of everything. They are opposing relief for small businesses and want the money to go to the workers. They cannot understand that if the small businesses fail, the workers will never get their jobs back. The Democrats and Gates have deliberately caused an economic crisis far worse than the Great Depression.

Gates even admits it will take years to get back to the same economic level. He does not believe in Democracy. The people should have no right to vote for this shutdown. He believes in authoritarianism and we are too stupid to understand what is best for us.

There is no way the economy will EVER return to normal. People like Gates will insist upon his vaccines to be allowed to even work. He wants us to be tagged like cattle. What’s next? Sterilization and permits to have children? If you do not have a base level of IQ, you will be denied? Is that how he will reduce his paranoia about CO2?

Thomas Malthus FRS (1766–1834)  had the same crazy ideas as Gates about the food supply. Malthus was wrong and Gates will be wrong. Society will expand as there is sufficient food supply. His analysis of the population is linear as is his analysis of CO2. Neither Malthus nor Gates every took into consideration there are cycles to everything.

Disease is a normal thing throughout history. When we head into these Solar Minimums, that is when plagues come because mainly of malnutrition. This is what Gates is accelerating. People who pick the crops are migrant workers. In Europe, people from Poland go south to pick the crops in Spain. They are locked down. Preventing people from working is already starting to impact the food supply. There is a risk of increasing starvation. For what purpose? To get Gates’ vaccine while you die from another disease and starvation?

This is a very serious situation. Gates is tipping society toward a serious human crisis because of his stupidity or diabolical plan to reduce population?

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By Centinel2012 • Posted in Economic Subjects • Tagged 100 Year Bonds, Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, BOJ, bubbles, Business cycle, Carbon tax, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Corporate greed, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Davos, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FBAR filings, FED, financial ponzi schemes, Forced loans, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, Gift Cards, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Implanted chips in you hand, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, MMT, Modern Monetary Theory, Modern Money Theory, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, Never enough money to give away, new world order, No more Stop-loss, Out of control medical industry, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Political Corruption, Pre-Pay VAT, Privilege Tax, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign debt crises, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, The Great Alignment, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, US Dollar’s now the world’s currency, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Apr 8 2020

Why the Quantity Theory of Money will Fail ONCE Again


Armstrong Economics Blog/Economics

Re-Posted Apr 8, 2020 by Martin Armstrong

QUESTION: Your explanation of why increasing the quantity of money has failed seems to be the only explanation that is viable. Do you see the same outcome this time around?

PA

ANSWER: The academics assume we are morons. There is no comprehension of how human nature responds. Hoards of debased coins are found from the 3rd century and the fall of Rome. Under the academic view, inflation should rise by simply increasing the money supply presuming we will just be like kids in high school and party spending the cash with no regard for what comes tomorrow. When people do not TRUST the future, they will NOT spend the money – they hoard it. This is why the European Central Bank is moving to eliminate cash for Quantitative Easing since 2008 and negative interest rates since 2014 have absolutely PROVEN beyond a shadow of doubt that the Quantity Theory of Money is bogus.

 

Now ad to this reality the destruction of Capital Formation. My definition of this is not including capital goods. I use this term limited to liquid capital – cash, stocks, and bonds. Therefore, the Great Depression was so profound because when the sovereign debt of most countries was permanently defaulted on, this wiped out the Capital Formation in the United States because the conservative people bought the bonds and lost everything whereas the shareholders still have some value even if the company was liquidated.

What has taken place here is $2.2 trillion is nothing. It will not create inflation because the destruction of Capital Formation is just getting started. They already have to put in another $350 billion for small business relief and this will not be enough nor prevent permanent bankruptcies since these idiots want to keep the country locked down until June.

The loss to the economy will be close to $5-6 trillion in permanent damage so even $3 trillion will not be inflationary. If you lost $10,000 in the stock market and I hand you $2,000 for compensation, will you celebrate ane run out to party? Or will you hunker down and save it until you see a light at the end of the tunnel?

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By Centinel2012 • Posted in Economic Subjects, U. S. DC Uni-party • Tagged 100 Year Bonds, Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, BOJ, bubbles, Business cycle, Carbon tax, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Corporate greed, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Davos, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FBAR filings, FED, financial ponzi schemes, Forced loans, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, Gift Cards, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Implanted chips in you hand, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, MMT, Modern Monetary Theory, Modern Money Theory, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, Never enough money to give away, new world order, No more Stop-loss, Out of control medical industry, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Political Corruption, Pre-Pay VAT, Privilege Tax, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign debt crises, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, The Great Alignment, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, US Dollar’s now the world’s currency, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
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Apr 7 2020

The Euro & Digitizing the Currency


Armstrong Economics Blog/Euro €

Re-Posted Apr 7, 2020 by Martin Armstrong

QUESTION: Marty, for the people within the EU it is absolutely critical to know what will happen when they go digital! Will there be a currency devaluation for bank deposits and cash? And when is the most likely time for that transformation from cash-to-digital?

If there is a devaluation it would make absolute sense to buy some real stuff, not real estate now, before the money loses purchasing power. It does not make sense to buy stocks right now as the low seems not to be in place now and in the coming months. So there are real things like household-stuff, tools, garden stuff…

What is your wildest guess?

Please share your thoughts with us! This would help to reduce the unbelievable drama a little bit, which will follow in the next weeks/months.
Best and many thanks for your work and honesty!!
GB

ANSWER: I do not think that they will devalue the currency. I believe they will simply convert everything to digital so they can tax at will and end hoarding, which they believe is why their Quantitative Easing has failed. They never look at themselves. Like I have always said, there are no mirrors in government halls.

If we look at Japan, its emperors kept devaluing all prior outstanding money and they eventually lost political power and control of the economy. This led to the Samurai Period where there was no coinage in Japan for 600 years. This is the serious risk that we face. Instead of reforming, those in power see this as a loss of power. Therefore, they will only act in their own self-interest according to Adam Smith’s invisible hand.

Unfortunately, that means we are heading into a tremendous loss of freedom all to protect their socialistic system that is collapsing in the very same manner as communism — corruption and unsustainable economic growth.

I do not think there will be a devaluation. What they will do is impose capital controls. Even when China saw that people were using bitcoin to get money out of the country, they immediately clamped down. As long as the United States has Trump, there is a high probability that the USA will remain as the reservoir for international capital. Remove Trump, and then we have career politicians who will act in the self-interest of government and all bets are off.

In my study of various forms of government, the very best was that of Genoa. The Dodge, who was like the president, rotated among the rich families. The post was for just one year. Therefore, they would never pass a law to which they themselves would be subjected to next year. The poor were fine because there was no real class warfare. The rich families ran the city-state as a corporation, competing against Florence and Venice. Therefore, everyone in Genoa benefited.

This is the only reason Trump is important. He came from the private sector and will return there. Career politicians enter poor and leave multimillionaires. Obama preached against global warming and rising sea levels to support carbon taxes, but then went and bought a house on the beach.

The Founding Fathers made the terms just two years and they met for only a few weeks because there were no salaries. Once they voted themselves salaries, Congress became full-time employment and the politicians lost touch with the private sector. It became them v us.

My concern will be the imposition of capital controls. The United States is NOT PART of the CRS so any account in the USA will not be reported to the EU. Stay away from the big banks who have offices in Europe. That means they must comply with EU laws and if they are told to report on any European account in the USA, they will turn them over on a silver platter

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By Centinel2012 • Posted in U. S. DC Uni-party • Tagged 100 Year Bonds, Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, BOJ, bubbles, Business cycle, Carbon tax, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Corporate greed, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Davos, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FBAR filings, FED, financial ponzi schemes, Forced loans, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, Gift Cards, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Implanted chips in you hand, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, MMT, Modern Monetary Theory, Modern Money Theory, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, Never enough money to give away, new world order, No more Stop-loss, Out of control medical industry, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Political Corruption, Pre-Pay VAT, Privilege Tax, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign debt crises, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, The Great Alignment, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, US Dollar’s now the world’s currency, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Apr 6 2020

Armstrong Q&A


Armstrong Economics Blog/Disease

Re-Posted Apr 5, 2020 by Martin Armstrong

QUESTION #1: Dear Martin,

Could you offer a comment on how these increases in deaths can affect the latest predictions that you and Socrates offered? Will we still have the sling effect? Even with reduced liquidity, with millions unemployed, with the economy in a state of war, is the Dow Jones able to react and find the strength to rise?
how will the emerging countries be?

how can the dollar remain strong with more than 5 trillion to be injected and with the cancellation of the euro preventing the flight to the dollar?

I agree with your comments on the great farce and that afterward they will be small numbers of sick people compared to other diseases, but what would you do at a time like this where the smell of death and the tears are multiplying?

How can we move forward if hospitals are full and have no vacancies for those who need respirators?
Please update us at this moment so dramatically.

Thanks,

S

ANSWER: The transformation of the Euro to digital will not impact the dollar negatively, but has the risk of driving it higher. Even in Japan when the government lost the ability to even issue money for 600 years, people used Chinese coins and bags of rice. As for the increase in deaths, I have first-hand info that this is also being contrived. Elderly people are dying from the flu and they simply put down the Coronavirus. We still show the trend should top out this week.

Nevertheless, it is still 1/10th of those who die from the flu. Hospitals are not full. The virus will run its normal course. It peaked in China in less than 30 days. It has already peaked in Italy on March 20th. Any claim that it continues beyond this week of April 6th is bogus and fake. Even New York Gov. Andrew Cuomo, who many see as trying to be in the running to be drafted for the Democratic nominee came out and confirmed that the number of deaths may be declining. My bet is on Socrates. It has not been wrong yet.

In Europe, SPD leader Norbert Walter-Borjans in Germany (Socialist) called for the European Stability Mechanism (ESM) to be used as a crisis aid, but in the long term to use Eurobonds. “I am in favor of Eurobonds, but the seriousness of the situation leaves us no time for principle riding. It looks as if consent can be obtained that the ESM can be used without the frowned upon requirements,” said Walter-Borjans in an interview with the newspapers “La Repubblica”, “Il Messagero” and “El Pais”. In other words, we have the Socialists claiming emerging powers to circumvent democratic processes.


QUESTION #2: Is it possible that the markets don’t recover this year? Given the craziness will people trust anything at all?  I wonder if this virus thing is what you described in your report about herd mentality–everyone is scared and paralyzed?    Will this create the energy for any type of bounce back?  or is a society just doomed?  What good if the markets recover if everyone is out of work?  Money won’t be good since society will be turned back into the stone age.

ANSWER: We are running Socrates on all inputs. So far, it still shows a 2nd quarter low. Note also the forecast I have been touting for the past 6 years at least that this new wave would be an inflationary one driven by SHORTAGES in agriculture. The first major producers of staple foods such as wheat and rice have restricted exports. Although there is enough food in the world, supply bottlenecks and rapidly rising prices are threatening in some regions. In Germany, there may be bottlenecks with certain types of vegetables and fruits. However, with transportation shut down to prevent the virus from spreading, this is also impacting agriculture. Socrates forecasts the trend. It does not sort out the fundamental causes behind those trends. There is a clear distinction between the two.


QUESTION #3:  Dear Martin,
as a retired bond dealer and fund manager I subscribe to your Facts of socialism against
capitalism –but couldn`t it be that some Ultra RICH ( companies ) have the idea to Profit from this fight by buying up the whole shop for Peanuts if f.instants the Indices are
crashing down to a 1/10 of the current value —THAT WOULD BE A CAPITALISTIC POWER GRAB? -Like in Formula ! you surpass your Opponent out of the wind shadow.
KEEP UP THE PRESSURE –TKU for your work

PZ

ANSWER: This is far greater. Forcing a company’s share down to buy cheap is an old ploy as we both know. But this is a play to undermine the entire economy for political gain. Every socialist political party is pitching this to be the worst disaster warranting emergency powers. This goes beyond that for the very players are losing even Warrant Buffet lost $80 billion in market value on by March 23rd. If the socialist seize control of the economy, even the capitalist will lose. The rise of Eurobonds in a free market means that the outstanding negative $12 trillion in individual government bonds will crash. There go the pension funds.

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By Centinel2012 • Posted in Economic Subjects • Tagged 100 Year Bonds, Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, BOJ, bubbles, Business cycle, Carbon tax, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Corporate greed, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Davos, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FBAR filings, FED, financial ponzi schemes, Forced loans, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, Gift Cards, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Implanted chips in you hand, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, MMT, Modern Monetary Theory, Modern Money Theory, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, Never enough money to give away, new world order, No more Stop-loss, Out of control medical industry, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Political Corruption, Pre-Pay VAT, Privilege Tax, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign debt crises, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, The Great Alignment, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, US Dollar’s now the world’s currency, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
0
Apr 2 2020


USD v China

Blog/USD $

Posted Apr 2, 2020 by Martin Armstrong

QUESTION:  Hi Marty,

You were completely right, as always, about the USD rally. When we get closer to 2032 and thus closer to China being the number 1 economy of the world, will the CNY take over the position of the USD.

Apparently in Asia people are already accepting more and more CNY in favor of the USD. Can you please shed some light here, thank you for your answer

Kind regards

XS

ANSWER: That is the way the cookie crumbles. However, we may see a completely new monetary system by then. The dollar being the reserve currency imposes a lot of problems. First, whatever economic policies take place in the USA, they are exported. Thus, a rising dollar right now exports deflation to those countries using a dollar peg. This is why the British pound lost its stature in 1949. The devaluation at that point impacted the entire Commonwealth and that is when we see many member break with the pound.

In 1949, use of the British Pound was terminated and the Canadian Dollar remained pegged to the USD at 1.1 CAD = 1 USD. In the 1950s Canada decided to have a floating currency; however, in 1962 the currency became a fixed exchange rate again at 0.925 USD = 1 Canadian Dollar.

We will most likely see some sort of a basket of currencies emerged rather the CNY replace the dollar as a reserve currency.

The West is committing economic suicide for it is desperate to cling to Marxist socialism for politicians know not how to run for office without promises to take money from someone else.

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By Centinel2012 • Posted in Economic Subjects, U. S. DC Uni-party, World Economic Form • Tagged 100 Year Bonds, Amusement Tax, Armstrong Economics, Asset confiscation, Asset diversification, Asset recycling, Assets, assets bubbles, Baby Bust, Big Government, BOJ, bubbles, Business cycle, Carbon tax, Cashless society, centinel2012, central bank, Central Planning, Central Planning, Common Reporting Standard, Communism, Corporate greed, Credit, CRS, Cryptocurrency, currency manipulation, Curse of Cash, David Pristash, Davos, Debt, debt bubbles, DEODAND, Disasters, Dodd-Frank, ECB, ECM, Economic Collapse, Economic Confidence Model, economics, Edelman Trust Barometer, Electronic Recovery and Access to Data Device, eliminate cash, Eminent Domain, end of liquidity, Euro, FATCA, FBAR filings, FED, financial ponzi schemes, Forced loans, Foreign Account Tax Compliance Act, Fraud, Free Market, front running, Gift Cards, glazier’s fallacy, Gold, Gold confiscation, Gold Standard, Hedge, Helicopter money, Hoarding Cash, Homeless Tax, housing bubbles, Hunt for Taxes, Hyperinflation, Illinois credit now “Junk”, IMF, IMF Working Paper on Eliminating Cash, Implanted chips in you hand, Inflation, Interest, Interest rate, Italy, Keynesian Economics, Legal entity identifier, LEI, Marxism, MMT, Modern Monetary Theory, Modern Money Theory, Monetary collapse, Monetary Crisis Cycle, Money laundering, money smuggling, negative interest, Never enough money to give away, new world order, No more Stop-loss, Out of control medical industry, Outlaw Cash, Panics, Passwords, Pension Crises, Pension Fund Insolvency, Pension funds, PINs, police asset forfeiture, policing for profit, Political Corruption, Pre-Pay VAT, Privilege Tax, progressives, Progressivism, QE, Quantitative Easing, Reversals, SDR, Silver, Social welfare, socialism, Sovereign debt crises, Sovereign Debt Crisis, special drawing rights, Speculation, Speeding Cameras, spoofing, Student Loans, sustainability, Tax on employees, Tax on Water, Tax the internet, The Forecaster, The Great Alignment, the Great Depression, Too Big to Bailout, Too big to fail, Too big to Jail, Traffic Cameras, Turkey, Turning Points, Understanding cycles, Unemployed, Unexplained Wealth, Unexplained Wealth Orders, Universal income, US Dollar’s now the world’s currency, usury laws, UWO, VAT, Velocity of Money, Wealth tax, Yellow Vest Movement
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Centinel2012

Centinel2012

Semi-retired ex-military, ex-businessman, ex-inventor, ex-engineer and now full time member of the Tea Party. My current goal in life is to make sure that the truth is known to all with an open mind.

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