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.
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.
>>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
>>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.
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. :-)
For those who are interested in more of Martin Armstrong’s writings, here are some links:
http://www.martinarmstrong.org/economic_projections.htm
http://armstrongeconomics.com/martin_armstrong_writings/
I find that the first link seems to list the newest pieces By Martin faster than the second link.