Posted on 06/30/2011 11:08:59 AM PDT by Razzz42
The lesson from the Great Depression is that the gold standard created DEFLATION because you could not increase the amount of gold in proportion to economic and population growth. The EURO is doing the same thing. By holding Greece to the Euro, their obligations are rising in REAL value terms forcing DEFLATION upon the country. The gold standard was abandoned (defaults) in 1931 and that was the key. This is a battle between the investment bankers and the people. The debts have to be devalued or we will be looking a massive civil unrest by 2016. It is time to make a choice. It is them against us! Stop taking advice from the banking Primary Dealers for they have a vested interest in bankrupting society for their gain! Julius Caesar understood this. Are we just brain-dead?
(Excerpt) Read more at armstrongeconomics.files.wordpress.com ...
I quoted the conclusion of his current writing but reading in its entirety is much more informative.
BTW, Armstrong at one time advised governments and central bankers on economic issues until bankers had him thrown in jail. He never owed a penny to anyone but for years was jailed on contempt of court charges for not turning over all related material...including his computer program which he never did relinquish. He was recently released. His major work is his 'Economic Confidence Model.'
Why not post it here?
This obscure blog is not on the excerpt list.
Was it Thatcher who said, “The problem with Socialism is that eventually you run out of other people’s money.”
The socialists are finding money they way a diner licks his plate to get the last morsels of food. We’re about done and this is gonna get beyond ugly.
I love this analogy someone else brought up: The economy now is like a WWII aircraft carrier that has been fatally hit and the fires are burning uncontrollably as an anemic attempt is made to douse the flames.
But it has not hit the munition stores yet. The fireworks will be unbelievable and it will happen almost certainly before the November elections.
borrowing? They want to confiscate.
Confiscate is such a strong word.
Steal, pillage, rape, or rob would be more appropriate terms to use.
As Margaret Thatcher is said to have opined, “Socialists always run out of other people’s money.”
"I sincerely believe... that the principle of spending money to be paid by posterity under the name of funding is but swindling futurity on a large scale." --Thomas Jefferson to John Taylor, 1816. ME 15:23
"[With the decline of society] begins, indeed, the bellum omnium in omnia [war of all against all], which some philosophers observing to be so general in this world, have mistaken it for the natural, instead of the abusive state of man. And the fore horse of this frightful team is public debt. Taxation follows that, and in its train wretchedness and oppression." --Thomas Jefferson to Samuel Kercheval, 1816. ME 15:40
Martin Armstrong was a political prisoner.
(Excerpt) Read more at armstrongeconomics.files.wordpress.com ...
Why not post it here?
This obscure blog is not on the excerpt list.
Just one click on the red link will take you there.
“Martin Armstrong was a political prisoner.”
Glad someone is paying attention.
When the government fears the people, there is liberty; when the people fear the government, there is tyranny”
Thomas Jefferson
Yes.
It’s in .pdf format
It's a wodpress blog.
Just one click on the red link will take you there.
I'm not going there. Post it here.
Greece doesn't look good. Portugal and the rest of Southern Europe doesn't look any better. The bankers in Europe have been having fun with Credit Default Swaps, which guarantee that any sort of default, or even any "workout" resulting in lenders getting a haircut, will result in the implosion of the European (and probably the world's) banking system.
Meanwhile, the Germans and the rest of Northern Europe in less and less interested in bailing out failed socialist economies.
Watch for riots, and mass expulsions of unproductive immigrants from Europe, as the economy there gets worse.
Meanwhile, watch for some states in the US to go bust, followed by mass exodus of their welfare-classes as the states are unable to pay for any more social services.
I think you and I are both waiting for something significant enough to dramatically change the status quo to happen. And it can simply be a ramping up of one of the many things already happening until it reaches a certain point. And that “certain point” can be described in two words: Critical Mass.
Meanwhile, I’m driving one of my cars out to my Kentucky farm next week. It will be the last of the stuff we are permanently moving there other than what we can take in the little Scion xB on the final trip.
This trip will include all my guns, and I checked the gun laws in every state I’ll be driving through. Fortunately, New Jersey is not between Washington state and Kentucky. :-)
>>The debts have to be devalued or we will be looking a massive civil unrest by 2016.<<
>>he believes everything is cyclical including human behavior.<<
This reminds me. I’ve been a student of Bible prophesy since 1981. As I was reading, one day a couple of years ago, about “this generation shall not pass away until all these things take place”, it suddenly hit me! I put together what I knew about a “generation” from old and new testament text, added what was meant by “this generation” and “these things”, and I did some quick math.
It meant that all the events that must happen before the Lord’s return will happen sometime before 2018. It could be at the last minute, it could be before I finish typing this, or anywhere in between.
I personally think it will get beyond ugly in the US before the next election. The election itself will cause such chaos that it may be the catalyst to civil war II.
And on THAT note -
From approximately ten years ago: Fred articles on race relations and potential future civil war:
http://www.fredoneverything.net/Blowup.shtml
http://www.fredoneverything.net/Stability.shtml
http://www.fredoneverything.net/Underclass.shtml
http://www.fredoneverything.net/Opportunity.shtml
http://www.fredoneverything.net/Assimilation.shtml
BTW, the bible prophesy I am talking about occurs in Matthew, Mark and Luke.
>>the gold standard created DEFLATION<<
In a world without credit, how is that bad? Even short term credit is not necessarily negatively impacted. But long term credit will kill you.
This is NOT a blog, and Freepers can decide for themselves what they wish to click on.
Get a life.
>>It’s a wodpress blog.<<
Actually, your post motivated me to click on the link and it opened the PDF file. Your attitude about blog pimping is like mine on Quicktime. If a video is available only in QT format, I’ll never see it.
He made a lot of use of the special graphics options Word 2007 gives you when you import pictures - reflections, shadows, etc. I do it in my work documents.
Oh, and the content is interesting. :-)
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