Jan 4 2017

India is the Guinea Pig for Electronic Money

Armstrong Economics Blog/Banking Crisis

Re-Posted Jan 4, 2017 by Martin Armstrong

QUESTION: Dear Marty,

What could be the true intentions of Prime Minister Narendra Damodardas Modi in India cancelling the currency overnight. I have been suspecting some foul in his demonetisation move but cannot correctly understand why he did it? Counterfeit currency, Black money, prevent terrorism all his publicised motives have been shown false. If this move is any kind of scandal and he has tarnished India image in long run or short run. Almost 90% analysts in India are saying it is a good move in the long run ( 2-3 years) and pain in short term. Is this correct?

Is Modi setting up a bounce back 2-3 years down the lane in time for his election? Or is the some other sinster motivated power center behind the official move to demonetise? With your vast experience dealing with governments and contacts behind the curtain, could you kindly throw some light on future of India?

Appreciate your work a lot.

Your blog is a must read.

Kind Regards

ANSWER: At the G20 meetings, there were discussions behind the curtain about eliminating currency. This cannot begin in the USA because the dollar is the world currency even physically. We are looking at 2017 being the year for the start of electronic money in some countries. They are adapting a new banking system by September 2017 to provide instant transfers. The fraud is already moving away into that area and less on the credit card issue. If they can tap into the electronic instant transfers, they will hit a gold mine.

Modi is pushing India against the wall to move into this new world of electronic money, which they hope to have running by 2018. Everything will change. The big question is whether Trump will go along with this agenda that Obama began and raise taxes even more.

Modi is not doing this in isolation. He is trying to get India up to par with the other countries moving electronic. There are ongoing discussions and India is being watched very closely. If this works in India, they will adopt this forced measure by 2018 in many countries. Europe will probably be nex

Jan 3 2017

Washington Post latest blunder proves fake news is fine… if it involves Russia

Jan 3 2017

Police Given DUI Tickets when on Pool Toys in Australia

Armstrong Economics Blog/Corruption

Re-Posted Jan 3, 2017 by Martin Armstrong

COMMENT: Hi Martin – Police in Australia hit a new low last week charging people with DUI while floating on pool toys in Sydney Harbour claiming they are a “vessels”. Really appreciate all the work you do and you’ve got a big following down under!

Keep it up Ben. Youtube title is: Australian Police Charge DUI On Pool Toys

REPLY: The police are no longer here to protect society. They are here to extract as much money from us at gun point. This is precisely how Rome fell. Once there was not enough money to pay pensions, the army began sacking their own cities to get paid.

Police are hitting new lows on a global basis.

I was just given a parking ticket for not being directly within the white lines on Christmas Day on private property in from of Starbucks and the cop gave two other cars parking tickets while we were waiting inside in line. Of course it is illegal. But you then have to hire a lawyer, go to court, take off a day, wait for hours, to stand up and say he had no jurisdiction to write parking tickets on private property. So what happens? You pay the fine.

Jan 3 2017

Connecting the Dots

Armstrong Economics Blog/Basic Concepts

Re-Posted Jan 3, 2017 by Martin Armstrong

QUESTION: I find your explanation of how everything is connected very insightful. So events go nuts in Europe and that sends capital fleeing to America as in World War I and II. Am I correct is saying it is not possible to manage an economy in isolation?

Thanks making my mind work

ANSWER: Correct. Everything is connected so what happens in one nation influences capital flows. It was World War I and II that took the USA from bankrupt in 1896 to the world’s largest economy by 1949. It is impossible to carry out any policy domestically that is counter-trend to the world economy. You can even put in capital controls to try to stop the movement of money. That fails to work as well. Even Communism collapsed for it was unsustainable.

Producers of eggs got together to try to defeat the business cycle and smooth out the price of eggs. That blew up in their face into a class action lawsuit. Nobody can stop the cycle for everything is captured within it from weather to war. Some people will never get it. They want to believe government can make things better.

Jan 2 2017

WASHINGTON POST EDITOR: TRUMP READING INFOWARS CAN ‘TANK MARKETS, INVITE INCURSIONS’

INFOWARS is one of the few places you can get some real news!

Jan 2 2017

Top 10 Triggered Liberals of 2016

Very funny what and get a good laugh … lol

Jan 2 2017

Parents Suing For Mike Brown’s Potential Future Wages, Claim Academic And Medical Records ‘Irrelevant’

The entire Black lives Matter (BLM) movement was designed by Obama, Holder and Soros to do exactly what it did; these people are not dump they are very educated and they do know what they do will have certain results..