Loading ...Martin Armstrong has a Solution
Pass it on
I cant trade this guys recos because I cant understand them
BUT THIS…is genius
http://armstrongeconomics.com/2015/03/30/28763/
Einstein :
ANY INTELLIGENT FOOL CAN MAKE THINGS BIGGER MORE COMPLEX AND MORE VIOLET .
IT TAKES A TOUCH OF GENIUS AND A LOT OF COURAGE TO MOVE IN THE OPPOSITE DIRECTION .
I am beginning to think this guy may be the modern day Keynes
He could revolutionize economics !
Martin is Hated by both the Corrupt Establishment AND by Goldbugs all at once
THAT is HARD to do
🙂
When this place Goldtent was its first carnation it was inhabited by Goldbugs…with a Capitol G
Including myself
I drank the coolaide
Now I …like all the New Inhabitants here Just want to try to make Money out of all this financial chaos
AND I am open to SOLUTIONS to this Financial Armegeddon we all believe is coming .
I am sooo tired of regurgitating the PROBLEM ..It is refreshing to hear someone with a Solution
a Solution so obviously good that the mind Boggles .
Please join this thread with your comments .
This is and always will be Primarily a Technical Analysis Site Oriented to all things Precious
But now and then we are presented with an opportunity to discuss something more far reaching than
the next Fibonacci level in the GDXJ !!
Fullgoldcrown .
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Lurkers Posters…please chime in..
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Comments welcome
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OH I almost forgot..a solution to what ?
This
http://armstrongeconomics.com/2015/03/30/what-level-of-debt/
I appreciate your optimism Fully. Armstrong’s “solution” would only be considered by the government if the crisis was visibly affecting the masses with full force and there was seemingly nothing more the government could do to alleviate the situation.
Such a crisis would naturally be of an inflationary nature. Why? Simply because any deflationary problems, if they become concerning enough, can be addressed through monetary policy: quantitative easing of various sorts and a low fed funds rate, to be specific.
We see deflation in the commodity sectors for instance. This is of little concern to the central bank. But if deflation appears in the general equity markets and start taking a toll on banks, biotech, housing etc., we will see the fed spring into action immediately with easier monetary policy.
It is only after inflation begins to visibly affect the purchasing power of wages and the various state administered benefits that the problems become unable to be addressed by conventional central bank policy. For the choice presented to them at that point is to allow the inflation to get further out of control, inciting the masses, or tighten aggressively, bringing the banking industry to its knees, and depositors in those banks along with them.
The point is that Armstrong’s solution would be a last resort for the fed and congress. They will not even entertain the idea until there are absolutely no other options. Price controls and bare shelves at the supermarket are more likely before any type of strategic default such as that.
Neils I agree and so does Armstrong…there will need to be a colossal crisis..such as sovereign debt defaults and pensions
going up in smoke for this to be implemented .
He says and I tend to agree…we must crash and burn first
BUT the fact we are discussing the Solution to this problem brings it a little closer
The Hundredth Monkey