Martin Armstrong Discussion

[iamnotback]

Armstrong on bitcoin again

https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/bitcoin-is-it-sustainable/

Doesn't really get into it in any depth. Seems convinced govt will ban it if it grows.

Armstrong doesn't understand that it is technically implausible to ban Bitcoin.

He doesn't understand that is why Bitcoin is the new escape valve, i.e. the new gold per my discussion with CoinCube. Bitcoin is transportable and gold no longer is.

We will need a world government and complete totalitarian control over every server that connects to the Internet via every host in the world in order to regulate crypto-currency and blockchains. We need absolute global totalitarianism in order to relegate crypto-currency to the new uselessness of gold, and that won't happen during this global collapse (that is for a future time as the Bible predicts). It isn't only Bitcoin, there are many altcoins.

Please send this rebuttal to Armstrong.

[1714852801]

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[1714852801]

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[1714852801]

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[iamnotback]

The reserve currency is a narrow phenomenon that has more to do with the dying Industrial Age (see my comments in the Economic Devastation thread for more insights).

Bitcoin is serving a purpose in this evolution but it is not the be-all or end-all of this technological transformation.

Make sure you read this:

https://bitcointalk.org/index.php?topic=1082909.msg17458485#msg17458485

As you've stated, Bitcoin could become the world's reserve currency - the institutional playground.

I have never said that and have instead argued that it won't be the reserve currency. Perhaps you are confusing where I have written that Bitcoin is the reserve currency of the altcoin ecosystem.

Yes, my mistake - altcoin reserve.

Would it be possible for Bitcoin to become a global reserve currency at all? I'm assuming competitive collusion among major governments along with addition of control and tracking sufficient to enable AML/KYC for those governments.

The coming SDRs reserve currency will be a compromise by all the nations to fix the coming strong dollar vortex global collapse. That reserve currency is for the Industrial Age economy (the one built with huge fixed capital investment and huge fractional reserve banking leverage). The leftists (collectivists) are enslaving themselves in that dying, but huge albatross monolith. Gold is dying along with that physical economy. We will still have a physical economy, but it will provide no real economic growth and it will become very small in terms of profit relative to the Knowledge Age economy over the coming decades.

Bitcoin, blockchains, and altcoins are the decentralization technology of the fledgling Knowledge Age which rises to replace the dying Industrial Age, as a network effect of the decentralized Internet. Bitcoin is the reserve currency of that new nascent economy.

The economy and society are bifurcating. I predicted this years ago and have been using that term bifurcation.

[John Titor]

Armstrong on bitcoin again

https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/bitcoin-is-it-sustainable/

Doesn't really get into it in any depth. Seems convinced govt will ban it if it grows.

Armstrong doesn't understand that it is technically implausible to ban Bitcoin.

He doesn't understand that is why Bitcoin is the new escape valve, i.e. the new gold per my discussion with CoinCube. Bitcoin is transportable and gold no longer is.

We will need a world government and complete totalitarian control over every server that connects to the Internet via every host in the world in order to regulate crypto-currency and blockchains. We need absolute global totalitarianism in order to relegate crypto-currency to the new uselessness of gold, and that won't happen during this global collapse (that is for a future time as the Bible predicts). It isn't only Bitcoin, there are many altcoins.

Please send this rebuttal to Armstrong.

It may indeed be impossible to ban bitcoin in the long term, but in the short to medium term? It would IMHO be very messy should a major economic player attempt such a thing.

Imagine the US gov. shutting down coinbase/bitstamp/etc, even declaring jail time for those that are caught using bitcoin after the ban.  Bitcoin investors would panic and most bitcoin holders would make a mad dash for the exit, cratering the price.  It would almost certainly end up recovering eventually (as you said it would require a NWO to ban completely), but who knows how long that might take; in the meantime btc wouldn't look so good as store of value even to those not directly affected.  I feel a ban from a major nation such as the US or China would not be a negligible event, and I would imagine Armstrong is thinking along those lines.

[r0ach]

Looks like neither Armstrong nor even iamnotback advised us of BTC's 15% drop last night...

[tabnloz]

Discussion showing how big of a fraud Martin Scamstrong is where he said gold was manipulated and highly undervalued before going to jail then does a 180 afterwards claiming the opposite:

http://youtu.be/mir1hyg066w?t=494

but we do know based on GATA that gold is and was always manipulated by central banks especially the commercial banks in the US (the market makers). Just one reason to be out of it imo.

Not really.  The goal for them is to devalue it to the max possible to prop up the debt based scam dollar, while also attempting to avoid anyone from actually purchasing it from them.  This is obviously accomplished by fractional reserve paper markets but those eventually break down.  They say at the Crimex they only have to account for 1-2% of stuff on the books being demanded for delivery, so that's where your 100:1 fractional reserve comes from and why the value goes to the moon when it breaks on both gold and silver with a "run" on the Crimex.  I assume they'd likely do a new revaluation/Bretton Woods at this point too.  It seems to overall be an asymmetric trade on a long enough timeline.

Gold is thought of a safe haven when it rises people think something is wrong with the economy and they stop spending and hoard money or buy into safe havens. CBOE requires you to declare if you are going to ask for physical delivery rather than just trade the contracts for futures (i assume Comex does the same) and since most liquidity is just for trading i guess thats where the 1-2% comes in because only 1-2% are actually asking for delivery... once you trade the contract you cant ask for physical delivery which is stupid but its the system they created. So JPM and a few other banks have been given large credit lines to short sell gold (as we saw at $1536) there were large foriegn buyers sitting on Comex as it represented the low but large mysterious selling happened which accounted for more gold than ever existed and HFTs to frontrun and dump gold through the wall. Dimon later went on to say that it was JPM selling because they see it coming down in the future. When there is such large conflict of interest and especially when central banks are mingling with commercial banks to devalue assets that is when I would stay away from that asset. With Bitcoin they can't do that and Bitcoin is also thought of as a safe haven now too.

I think this is the most interesting change in narrative we've seen.

Curse of the MSM haha

[AliyaAsael]

Guys did you know the Martins Model, ECM wave 309 year wave, one of the turning point was in 2001.695? That is 911? Holy shit. https://www.armstrongeconomics.com/models/historical-turning-points-economic-confidence-model-6000bc-2072ad/
These turning points were already set, before the major events that happens on these ECM dates. Is this just a coincendence? What is going on? Search 2001.695 in the page. And 0.695 x 365 days = 253,675 days into the year of 2001 that is september month and 11 days into it.

[r0ach]

At first, I was like this I can't it take seriously. Now I am beginning to think that maybe religion is just a mathematical construct of nature, and maybe just maybe what Martin found is a mathematical blueprint for how societies form.

You are over-interpreting the significance of this guy.  There are MANY other people who have done similar cyclical research as this person.  It's just back testing data to try and create an algo to derive the future - nothing more, nothing less.  Sometimes their cyclical data is accurate, sometimes it's not.

http://www.dailymail.co.uk/sciencetech/article-4090434/Is-civilisation-heading-COLLAPSE-Mathematical-historian-predicts-political-turmoil-peak-2020s.html

https://en.wikipedia.org/wiki/Strauss-Howe_generational_theory

We do not live in a deterministic universe.  Most of this stuff just revolves around human behavior; as in, if a generation experiences socialism and it turns out bad, they do not repeat it until several generations later when everyone forgets how bad it was.  Same thing with war, etc.  This does not mean those events are guaranteed to repeat or not, it just means the probability increases over time.

[iamnotback]

Looks like neither Armstrong nor even iamnotback advised us of BTC's 15% drop last night...

Incorrect. I advised that BTC would be very volatile. I also concurred with a maximum decline to $700, but a more likely decline back to the prior breakout at $788 (which is exactly what happened).

Go read my posts and you will find it.

Please don't lie again about me.

Edit: you will also find where I concurred with $1100 - $1200 being the price to take profits. I have been predicting this perfectly. You just aren't reading all my posts intently.

[iamnotback]

Armstrong on bitcoin again

https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/bitcoin-is-it-sustainable/

Doesn't really get into it in any depth. Seems convinced govt will ban it if it grows.

Armstrong doesn't understand that it is technically implausible to ban Bitcoin.

He doesn't understand that is why Bitcoin is the new escape valve, i.e. the new gold per my discussion with CoinCube. Bitcoin is transportable and gold no longer is.

We will need a world government and complete totalitarian control over every server that connects to the Internet via every host in the world in order to regulate crypto-currency and blockchains. We need absolute global totalitarianism in order to relegate crypto-currency to the new uselessness of gold, and that won't happen during this global collapse (that is for a future time as the Bible predicts). It isn't only Bitcoin, there are many altcoins.

Please send this rebuttal to Armstrong.

It may indeed be impossible to ban bitcoin in the long term, but in the short to medium term? It would IMHO be very messy should a major economic player attempt such a thing.

Imagine the US gov. shutting down coinbase/bitstamp/etc, even declaring jail time for those that are caught using bitcoin after the ban.  Bitcoin investors would panic and most bitcoin holders would make a mad dash for the exit, cratering the price.  It would almost certainly end up recovering eventually (as you said it would require a NWO to ban completely), but who knows how long that might take; in the meantime btc wouldn't look so good as store of value even to those not directly affected.  I feel a ban from a major nation such as the US or China would not be a negligible event, and I would imagine Armstrong is thinking along those lines.

It would be a great opportunity to back up the truck and fill it up with BTC at lower prices, because this would be the US government shooting themselves in the foot.

The worst thing a government can do is ban something only to have the population give them the middle finger and it be proven that the government is impotent. From there, Bitcoin would skyrocket in price as it being shown how powerless the government is to ban it.

You are too fearful because you are a short-term speculator. Long-term crypto-currency investors understand that this is a paradigm shift for the world and they understand they are going to be very wealthy over the coming decade.

Weak hands will be thrown off and end up not being wealthy.

[iamnotback]

Bitcoin is revolution but will it be used on more wide scale payment system?

It may be my altcoin which does that. But Bitcoin will remain the reserve currency of the altcoins and the on/off ramp to fiat. The point is the crypto-currency and blockchain ecosystem is a paradigm shift which will enable the Knowledge Age. The SDRs will be for the dying Industrial Age physical, usurious economy.

but I do not believe that "SDRs" are going to be going anywhere anytime soon, to be honest.

Because you don't understand Martin Armstrong's short dollar vortex thesis which makes the BW#2 monetary reset a certainty. The world will demand the strong dollar be replaced with a cooperate reserve unit, i.e. the SDR. This is a certainty.

[iamnotback]

I bet you think fractional reserve banking is a scam too  

Am I talking to a bunch of rubes that just fell off the turnip truck?  Of course fractional reserve banking is a scam.

It is the natural state of affairs. You can't regulate what is natural. So nature is a scam?  

Did you forget what the free market chose to do in the 1800s by preferring to use fractional receipts instead of trade physical gold.

What is natural can still be evil.

...

It is possible to eliminate what is both natural and evil it is just very hard. We will get rid of fractional reserve too someday. It is a much more subtle evil, however, so it might not happen for a long time.

I wrote a few posts on the basics of the fractional reserve system a while ago here:
Finance Part I: Understanding the Parasite
Finance Part II: The Parasitic Cycle
Finance Part III: Divide, Conquer, Enslave

I added some replies to CoinCube's 3 threads he linked to above.

Fractional reserve banking was natural when gold was what the public CONFIDENCE wanted as money in the early 1800s, because society demands liquidity and so to get liquidity, the banks were forced to issue paper receipts for the gold.

But I want to note a key distinction in that these receipts afaik were not fungible dollars. The USA Notes (which were not created from debt) and the US gold and silver coinage were distinct from the bank notes. Prior to that:

For America’s first 70 years, private entities, and not the federal government, issued paper money. Notes printed by state-chartered banks, which could be exchanged for gold and silver, were the most common form of paper currency in circulation. From the founding of the United States to the passage of the National Banking Act, some 8,000 different entities issued currency, which created an unwieldy money supply and facilitated rampant counterfeiting. By establishing a single national currency, the National Banking Act eliminated the overwhelming variety of paper money circulating throughout the country and created a system of banks chartered by the federal government rather than by the states. The law also assisted the federal government in financing the Civil War.

Laterus' competition idea is impossible because the notes could not be fungible without causing the Tragedy of the Commons which is the current federalized system.

Nevertheless society demands liquidity because humans are focused in the near-term and rapid economic expansion is always politically favored. And then the collapse is blamed on the rich and society turns to Marxism.

This is natural because humans have a limited life span and are insatiable.

[tabnloz]

Martin wrote a piece on how the Bible also contains some of his ECM numbers, like the 300-year number, 1290 weeks is an exact multiple of 150 8.6 cycles, and 300, 4.3 cycles.

Read this on his blog.
https://www.armstrongeconomics.com/uncategorized/the-8-6-seems-to-be-in-religious-texts-as-well/

At first, I was like this I can't it take seriously. Now I am beginning to think that maybe religion is just a mathematical construct of nature

Universal numbers have been entwined into mythology and megalithic structures long before modern religion.

'The Great Year' is the length of time for the constellations to complete one rotation.  (also known as the Platonic year). Somehow ancient people figured this precession out.

The number is 25,940 years.

Derivatives of this number are found throughout the universe.

1 degree is 72 years (ie the constellations cross the night sky 1 degree every 72 years, meaning it would take many generations to observe one cycle.)

This cycle is replicated in smaller doses many many times - cycles within cycles.

The body of work and the tangents that stem from this are too many to describe. Suffice to say that it informs my take on religion; all stem from the memory of a near extinction and the base narrative is designed to tell us the how's and why's to repopulate and survive. This is common to ALL religions (flood myth, cataclysms, repopulate, treat each other). Later add ons and lies are the works of people looking for power and not for the crucial survival of the species.

[AliyaAsael]

Martin wrote a piece on how the Bible also contains some of his ECM numbers, like the 300-year number, 1290 weeks is an exact multiple of 150 8.6 cycles, and 300, 4.3 cycles.

Read this on his blog.
https://www.armstrongeconomics.com/uncategorized/the-8-6-seems-to-be-in-religious-texts-as-well/

At first, I was like this I can't it take seriously. Now I am beginning to think that maybe religion is just a mathematical construct of nature

Universal numbers have been entwined into mythology and megalithic structures long before modern religion.

'The Great Year' is the length of time for the constellations to complete one rotation.  (also known as the Platonic year). Somehow ancient people figured this precession out.

The number is 25,940 years.

Derivatives of this number are found throughout the universe.

1 degree is 72 years (ie the constellations cross the night sky 1 degree every 72 years, meaning it would take many generations to observe one cycle.)

This cycle is replicated in smaller doses many many times - cycles within cycles.

The body of work and the tangents that stem from this are too many to describe. Suffice to say that it informs my take on religion; all stem from the memory of a near extinction and the base narrative is designed to tell us the how's and why's to repopulate and survive. This is common to ALL religions (flood myth, cataclysms, repopulate, treat each other). Later add ons and lies are the works of people looking for power and not for the crucial survival of the species.

I agree, it is quite strange how nature acts on us.

[iamnotback]

Armstrong on bitcoin again

https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/bitcoin-is-it-sustainable/

Doesn't really get into it in any depth. Seems convinced govt will ban it if it grows.

Armstrong doesn't understand that it is technically implausible to ban Bitcoin.

He doesn't understand that is why Bitcoin is the new escape valve, i.e. the new gold per my discussion with CoinCube. Bitcoin is transportable and gold no longer is.

We will need a world government and complete totalitarian control over every server that connects to the Internet via every host in the world in order to regulate crypto-currency and blockchains. We need absolute global totalitarianism in order to relegate crypto-currency to the new uselessness of gold, and that won't happen during this global collapse (that is for a future time as the Bible predicts). It isn't only Bitcoin, there are many altcoins.

Please send this rebuttal to Armstrong.

It may indeed be impossible to ban bitcoin in the long term, but in the short to medium term? It would IMHO be very messy should a major economic player attempt such a thing.

Imagine the US gov. shutting down coinbase/bitstamp/etc, even declaring jail time for those that are caught using bitcoin after the ban.  Bitcoin investors would panic and most bitcoin holders would make a mad dash for the exit, cratering the price.  It would almost certainly end up recovering eventually (as you said it would require a NWO to ban completely), but who knows how long that might take; in the meantime btc wouldn't look so good as store of value even to those not directly affected.  I feel a ban from a major nation such as the US or China would not be a negligible event, and I would imagine Armstrong is thinking along those lines.

It would be a great opportunity to back up the truck and fill it up with BTC at lower prices, because this would be the US government shooting themselves in the foot.

The worst thing a government can do is ban something only to have the population give them the middle finger and it be proven that the government is impotent. From there, Bitcoin would skyrocket in price as it being shown how powerless the government is to ban it.

You are too fearful because you are a short-term speculator. Long-term crypto-currency investors understand that this is a paradigm shift for the world and they understand they are going to be very wealthy over the coming decade.

Weak hands will be thrown off and end up not being wealthy.

Apparently some of you have messaged Armstrong, but he is hard-headed and still doesn't understand that technically it is implausible ban all crypto-currencies regardless if the government wants to:

I understand that people say I am wrong about bitcoin or cryptocurrencies. You cannot possibly fight against government. They can say whatever they want and their judges rule in government’s favor. Forget it! You cannot find any possible legal argument that will ever survive.

Can someone please message him and explain to him how dull minded he is on this issue. Explain what I wrote as quoted above about needing to ban every server on the planet. How the hell are governments going to coordinate and then enforce that?

Oh course governments can probably regulate the mining farms in China (and they could attack and hardfork with their superior hashrate), but that is why we will have altcoins, in particular the one I am developing which doesn't depend on either proof-of-work nor proof-of-stake.

Remind Martin, it is Shelby Moore who is refuting him. He should remember me from email. I am tired of emailing him. He should hear from more of you, instead always myself emailing him.

[iamnotback]

At first, I was like this I can't it take seriously. Now I am beginning to think that maybe religion is just a mathematical construct of nature, and maybe just maybe what Martin found is a mathematical blueprint for how societies form.

You are over-interpreting the significance of this guy...

https://en.wikipedia.org/wiki/Strauss-Howe_generational_theory

We do not live in a deterministic universe...

Closed-minded fools should not read this:

https://www.armstrongeconomics.com/models/the-end-of-time/

Btw, cycles could exist (on macro level) and entropy could still continue to increase (in the diversity of individual actors), thus being entirely consistent with a non-deterministic universe. The simple explanation is the solar system, earth, and human nature don't change (other than the repeating cyclical variations, such as the orbits, sunspot cycles, etc).

I totally understand that there are many models out there(and hundred percent agree with you) Heck I can make one model myself right now, just do a Fourier transforms and find the smaller cycles in stock data(I have a physics back-ground) do variational analysis and stochastic processes, maybe even applying gaussian processes. It is totally possible and graduate would able to find a model, but is this model coping and comply to the bigger picture? - Martin work is not unique.

Because (according to him) his data set is huge. And he expended years fiddling with A.I. to extract the multi-dimensional correlations in the extensive database (which BTW would cost more than $1 billion to assemble now).

[iamnotback]

Looks like neither Armstrong nor even iamnotback advised us of BTC's 15% drop last night...

Incorrect. I advised that BTC would be very volatile. I also concurred with a maximum decline to $700, but a more likely decline back to the prior breakout at $788 (which is exactly what happened).

Go read my posts and you will find it.

Please don't lie again about me.

Edit: you will also find where I concurred with $1100 - $1200 being the price to take profits. I have been predicting this perfectly. You just aren't reading all my posts intently.

Someone questioned my honesty in a PM and I replied as follows:

I advise extreme caution in backdating old predictions to make them "better".

I haven't edited any posts to change predictions. (I suggest readers add my posts to archive.org so there is a non-editable record)

If you can't find the predictions I've claimed, it is because you are not treating my posts as a puzzle that has to be solved.

Reading my posts chronologically can reveal what I was thinking more completely, than any one post in isolation.

I did indeed state I didn't think BTC wouldn't fall much below $800 (with the $700 cup scenario being less likely but also possible), I did indeed state the pullback would come near the former ATH and I did indeed state in a response to trollercoaster to expect high volatility but to ride the wild horse because we are in a bull market now.

Sometimes there are people who ask me specifically to confirm my specifics more explicitly and sometimes I do. I am in the midst of traveling since Monday Jan 9, so my posts are quick and sporadic when I get a moment to pop in and post. Nevertheless the above is not backdated.

P.S. thanks for the compliment. I am not trying to claim I am infallible.

Edit: I am too sleepy to go dig up the posts right now for proof. But the last time coinits challenged my veracity, this is what happened:

You predicted BTC to crash to less than $100 by now. You predicted XMR was a nothing coin. Care to offer your thoughts now?

I have not really been following all iamnotbacks BTC predictions but I am aware of the following predictions.

On October 14th 2014 when the price was around $374 he predicted a sustained BTC decline to $150.
https://bitcointalk.org/index.php?topic=624223.msg9195517#msg9195517
It did not get there but it did decline and spiked down close to that on January 14th 2015.

Plz read that post of mine again. I did not write "sustained". I merely called for a bottom in the $150 - $200 range, which ended up being true!

Also I alluded in that post to prior public predictions I had made when it was $600 predicting it would fall to the $300s, which is did!

He also more or less predicted a rally on Nov 7th when the price was $704. That has been accurate.  
https://bitcointalk.org/index.php?topic=1669830.msg16769509#msg16769509

I made that prediction earlier than that on Oct. 27. Even OROBTC will confirm that I was telling him in PMs to buy BTC in the mid-$600s.

Re: Speculation Rule: buy when others are irrationally pessimistic or too cautious

I have blogged the OP:

https://steemit.com/money/@anonymint/speculation-rule-buy-when-others-are-irrationally-pessimistic-cautious

I also wrote this:

Any one buying precious metals right now and not Bitcoin @$700 is an idiot.

He categorically predicted the complete collapse of BTC and XMR.

I have not seen him predict the complete collapse of BTC and I have read a good portion (but definitely not all) of his stuff. Do you have a link to back that up?

Here is proof coinits is lying:

https://bitcointalk.org/index.php?topic=1387214.msg17297476#msg17297476
https://bitcointalk.org/index.php?topic=1727852.msg17295418#msg17295418

I remember him arguing that BTC will eventually centralize and fall under government control way back in 2014 but even in that scenario BTC would not necessarily collapse. It would probably become some kind of official government quasi-fiat money and would probably be quite valuable.  

I have also written numerous times that the centralization of Bitcoin wouldn't necessarily lead to a price collapse.

And I was correct about the centralization. I was also correct in 2013 predicting the blocksize as the future problem and a tragedy of the commons in transaction fees (which my whitepaper will make crystal clear is insoluble for Bitcoin).

[iamnotback]

I bet you think fractional reserve banking is a scam too  

Am I talking to a bunch of rubes that just fell off the turnip truck?  Of course fractional reserve banking is a scam.

It is the natural state of affairs. You can't regulate what is natural. So nature is a scam?  

Did you forget what the free market chose to do in the 1800s by preferring to use fractional receipts instead of trade physical gold.

What is natural can still be evil.

...

It is possible to eliminate what is both natural and evil it is just very hard. We will get rid of fractional reserve too someday. It is a much more subtle evil, however, so it might not happen for a long time.

I wrote a few posts on the basics of the fractional reserve system a while ago here:
Finance Part I: Understanding the Parasite
Finance Part II: The Parasitic Cycle
Finance Part III: Divide, Conquer, Enslave

I added some replies to CoinCube's 3 threads he linked to above.

Fractional reserve banking was natural when gold was what the public CONFIDENCE wanted as money in the early 1800s, because society demands liquidity and so to get liquidity, the banks were forced to issue paper receipts for the gold.

But I want to note a key distinction in that these receipts afaik were not fungible dollars. The USA Notes (which were not created from debt) and the US gold and silver coinage were distinct from the bank notes. Prior to that:

For America’s first 70 years, private entities, and not the federal government, issued paper money. Notes printed by state-chartered banks, which could be exchanged for gold and silver, were the most common form of paper currency in circulation. From the founding of the United States to the passage of the National Banking Act, some 8,000 different entities issued currency, which created an unwieldy money supply and facilitated rampant counterfeiting. By establishing a single national currency, the National Banking Act eliminated the overwhelming variety of paper money circulating throughout the country and created a system of banks chartered by the federal government rather than by the states. The law also assisted the federal government in financing the Civil War.

Laterus' competition idea is impossible because the notes could not be fungible without causing the Tragedy of the Commons which is the current federalized system.

Nevertheless society demands liquidity because humans are focused in the near-term and rapid economic expansion is always politically favored. And then the collapse is blamed on the rich and society turns to Marxism.

This is natural because humans have a limited life span and are insatiable.

With every rotation of the "business cycle" the  middle class finds it harder to maintain a quality standard of living. As the populace suffers from cyclical but progressive economic strangulation many find they simply cannot get ahead. Intuitively they feel the system is rigged against them but they do not understand how or why. Growing progressively desperate they turn to the only actor willing to help. They petition the governmentto Marxism.

ftfy

We can't prevent humans from preferring a system which misinforms the economy to create great liquidity and economic expansion at the cost of a bust later. This is natural. It is also natural when viewed from Theory of the Universe perspective, because friction necessitates waves and without friction the speed-of-light would not be quantized (i.e. would be unbounded) and thus the past and future would collapse (as in Godel's universe). A straight line or uniformity is a static universe where life does not exist. Armstrong wrote about this again recently:

Richard E. Nesbett wrote a good book entitled “The Geography of Thought, How Asians and Westerners Think Differently … and why.” He attributed his work to a Chinese student who said, “You know, the difference between you and me is that I think the world is a Circle, and you think it’s a line.” He goes on to quote him:

“The Chinese believe in constant change, but with things always moving back to some prior state. They pay attention to wide range of events; they search for relationships between things; and they think you can’t understand the part without understanding the whole. Westerners live in a simpler, more deterministic world; they focus on salient objects or people instead of the larger picture; and they think they can control events because they know the rules that govern the behavior of objects.”

This is the best description I have encountered of the difference between east and west. It is right on point. We think everything is a straight line (linear) and in Asia they see it as a cycle

Thus we can expect the dying Industrial Age (and the socialism of the masses that is accompanying it) to cling to some Bretton Woods #2 monetary reset with some cooperative reserve currency (SDRs) which the national currencies will float against. This will enable the globalist bankers to entirely enslave the nations as they did to Greece, loaning denominated in SDRs, so that the nations can't devalue the loans by devaluing their currencies. Fractional reserves will eventually run amok again after the monetary reset.

The key point for us is as follows:

Once the parasitic cycle has run its course banks need a way to forcibly harvest the wealth of those who opt out of the system. To succeed they need a more efficient suction mechanism. Specifically they need powerful centralized government and taxation powers

And we have recently noted how gold can no longer serve that opt-out release valve, but crypto-currency does.

TPTB and the fucktard, leftist, Marxist masses don't want any of us to be able to compete with them by transferring our wealth into assets which can retain value during the forced collapse:

Banks create money by making loans, but this process is not in any way constrained by reserves, deposits or a money multiplier. Banks do not need deposits to make loans. The idea that banks somehow lend out grandma’s savings is propaganda. Instead banks simply create money via accounting wizardry. When a bank approves a loan they simultaneously create a deposit in the borrower’s bank account and voilà new money is created. Banks do not function by lending out deposits. Instead the act of lending creates more deposits. This is the reverse of the sequence taught in almost all economic textbooks.  Banks create deposits at will.

Economic texts often state that banks are constrained by reserve requirements. This is another lie. There does exist a number called reserve requirements.

The vast majority of money is NOT created by central banks, but by regular banks who loan out money that doesn't exist.
The simply move numbers around in their records, creating debt out of thin air.

And my limited understanding of the Basel rounds is that Tier 1 reserve capital requirements will gradually become more strict, thus enabling TPTB to collapse the global banking system so they can usher in their NWO and SDRs.

After I get some sleep when I am back home, I will explain what I think we need in terms of crypto-currency and blockchains in order for them to play this role that gold used to have but no longer can fulfill.

[r0ach]

But I have to disagree here. The Pi-dates events fall on is just mindboggling for me. Like the date in 2001.695(911), there many other smaller Pi cycles on a monthly basis and bigger on a decade basis that big events falls on.

IS 9/11 an actual big event, though?  Big for who?  There is no fixed frame of reference for the universe.  Some guys living in the Amazon jungle or an island somewhere likely don't know or care about it.  Are you going to claim that only political events occurring between people that live in skyscrapers matter and everything else on the planet is the equivalent of not existing at all? lol  Or, are you going to claim the people living in the rain forest had a 9/11 event too the same day? (not likely).

If you're going to claim all that's required for this prophecy to be fulfilled is just one of these ecosystems to experience some type of major disturbance on a local frame of reference, you could probably claim that prophecy is fulfilled every day of the year.  What about aliens living 100 light years away?  Are they supposed to experience a 9/11 event too even though the system of time you're referencing is a completely local phenomenon based around arbitrary variables like spinning around the sun...

None of this stuff makes any sense and requires the observer to believe they're a special snowflake where the universe was designed only for them.  As for the paper gold market, it is not an actual market.  A market requires an aggregate group of actors.  The paper gold market is just a fraud put out by the equivalent of a single actor (the one bank).  Armstrong claiming he can predict what this bank cartel will artificially attempt to set the price of gold at is like him claiming he can predict what the number is when I say "guess a number between one and a million", because that is what the cartel does.

The cartel has the problem of banging up against the cost of production, but they can still artificially go below it anyway and bankrupt some miners, usually resulting in a shortage of gold that just makes their fractional reserve manipulation break sooner than it otherwise would have and blow up the whole system, but since it's only one irrational actor where the inputs originate from, there is no way possible to predict what will happen.  Like I said, the equivalent of "guess the number in my head!".  

The street price of gold in India went over $2000 recently as well.  So why is the Crimex frame of reference for gold price more valid than Indian street price?  It's not.  The only reason Armstrong pretends it is is because he's a fraud shilling for Jewish central bankers.

While this scumbag shill Armstrong claims gold is not manipulated, here it is right in broad daylight admitting they randomly manipulate price wherever they want:  

http://gata.org/node/17081

And a chart with around 91% correlation randomly detours completely off course as they try to manipulate it to implement ZIRP/NIRP giving you gold prices that are currently something like 45% off their already manipulated low prices.  Once again proving anything Armstrong says about gold is pure fiction since his frame of reference is the cartel.

[sidhujag]

But I have to disagree here. The Pi-dates events fall on is just mindboggling for me. Like the date in 2001.695(911), there many other smaller Pi cycles on a monthly basis and bigger on a decade basis that big events falls on.

IS 9/11 an actual big event, though?  Big for who?  There is no fixed frame of reference for the universe.  Some guys living in the Amazon jungle or an island somewhere likely don't know or care about it.  Are you going to claim that only political events occurring between people that live in skyscrapers matter and everything else on the planet is the equivalent of not existing at all? lol  Or, are you going to claim the people living in the rain forest had a 9/11 event too the same day? (not likely).

If you're going to claim all that's required for this prophecy to be fulfilled is just one of these ecosystems to experience some type of major disturbance on a local frame of reference, you could probably claim that prophecy is fulfilled every day of the year.  What about aliens living 100 light years away?  Are they supposed to experience a 9/11 event too even though the system of time you're referencing is a completely local phenomenon based around arbitrary variables like spinning around the sun...

None of this stuff makes any sense and requires the observer to believe they're a special snowflake where the universe was designed only for them.  As for the paper gold market, it is not an actual market.  A market requires an aggregate group of actors.  The paper gold market is just a fraud put out by the equivalent of a single actor (the one bank).  Armstrong claiming he can predict what this bank cartel will artificially attempt to set the price of gold at is like him claiming he can predict what the number is when I say "guess a number between one and a million", because that is what the cartel does.

The cartel has the problem of banging up against the cost of production, but they can still artificially go below it anyway and bankrupt some miners, usually resulting in a shortage of gold that just makes their fractional reserve manipulation break sooner than it otherwise would have and blow up the whole system, but since it's only one irrational actor where the inputs originate from, there is no way possible to predict what will happen.  Like I said, the equivalent of "guess the number in my head!".  

The street price of gold in India went over $2000 recently as well.  So why is the Crimex frame of reference for gold price more valid than Indian street price?  It's not.  The only reason Armstrong pretends it is is because he's a fraud shilling for Jewish central bankers.

While this scumbag shill Armstrong claims gold is not manipulated, here it is right in broad daylight admitting they randomly manipulate price wherever they want:  

http://gata.org/node/17081

And a chart with around 91% correlation randomly detours completely off course as they try to manipulate it to implement ZIRP/NIRP giving you gold prices that are currently something like 45% off their already manipulated low prices.  Once again proving anything Armstrong says about gold is pure fiction since his frame of reference is the cartel.

Just google for the gold chart during comex hours.. its easy to see the mandate

[AliyaAsael]

But I have to disagree here. The Pi-dates events fall on is just mindboggling for me. Like the date in 2001.695(911), there many other smaller Pi cycles on a monthly basis and bigger on a decade basis that big events falls on.

IS 9/11 an actual big event, though?  Big for who?  There is no fixed frame of reference for the universe.  Some guys living in the Amazon jungle or an island somewhere likely don't know or care about it.  Are you going to claim that only political events occurring between people that live in skyscrapers matter and everything else on the planet is the equivalent of not existing at all? lol  Or, are you going to claim the people living in the rain forest had a 9/11 event too the same day? (not likely).

If you're going to claim all that's required for this prophecy to be fulfilled is just one of these ecosystems to experience some type of major disturbance on a local frame of reference, you could probably claim that prophecy is fulfilled every day of the year.  What about aliens living 100 light years away?  Are they supposed to experience a 9/11 event too even though the system of time you're referencing is a completely local phenomenon based around arbitrary variables like spinning around the sun...

None of this stuff makes any sense and requires the observer to believe they're a special snowflake where the universe was designed only for them.  As for the paper gold market, it is not an actual market.  A market requires an aggregate group of actors.  The paper gold market is just a fraud put out by the equivalent of a single actor (the one bank).  Armstrong claiming he can predict what this bank cartel will artificially attempt to set the price of gold at is like him claiming he can predict what the number is when I say "guess a number between one and a million", because that is what the cartel does.

The cartel has the problem of banging up against the cost of production, but they can still artificially go below it anyway and bankrupt some miners, usually resulting in a shortage of gold that just makes their fractional reserve manipulation break sooner than it otherwise would have and blow up the whole system, but since it's only one irrational actor where the inputs originate from, there is no way possible to predict what will happen.  Like I said, the equivalent of "guess the number in my head!".  

The street price of gold in India went over $2000 recently as well.  So why is the Crimex frame of reference for gold price more valid than Indian street price?  It's not.  The only reason Armstrong pretends it is is because he's a fraud shilling for Jewish central bankers.

While this scumbag shill Armstrong claims gold is not manipulated, here it is right in broad daylight admitting they randomly manipulate price wherever they want:  

http://gata.org/node/17081

And a chart with around 91% correlation randomly detours completely off course as they try to manipulate it to implement ZIRP/NIRP giving you gold prices that are currently something like 45% off their already manipulated low prices.  Once again proving anything Armstrong says about gold is pure fiction since his frame of reference is the cartel.

http://kiddynamitesworld.com/wp-content/uploads/2014/12/gold_vs_us_debt_narrow.png

He has been accurate on his calls, in Gold nearest futures, charts. If you can confidently make the call that if gold don't elect the reversal at 1362 on a monthly closing basis we will see a waterfall event on gold prices and it did happen as he said it, the following months and you come along. Ignoring his accurate forecasts in Socrates. You really don't get the point here. So sad to see. The ones that are easlily manipulated are people like you. Waste away your money, continue doing that. I have saved a lot of money, by saving I mean to keep me from listening to gold bugs.

https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/misleading-people-as-always/

Which the 1362 reversal we didn't elect
https://www.armstrongeconomics.com/markets-by-sector/precious-metals/gold/the-reversal-phenomenon/
I sold my gold, and I buy the lows.


The point is that gold can still go lower to 800 before going up in the 5000 range(at that point you they will not allow gold to be traded in exchange for money and assets), depending on the reversals. What would you rather do buying gold at 1900? or at 1000? What will you do if it goes below the 1000 line? I made the mistake at buying silver at 40, before I came to know about the system, Socrates.

And what would be a good trade, the claim that gold is manipulated and buying the highs or actually keeping a clear head and buying the lows, and selling the highs as A REAL TRADER would do. Who would have made most money? Time for gold is not now, it will come. But not now.


And events such as the date 2001.695 is not something pulled out of thin air. It is Pi dates that signify political turning points. Which does not apply to only what happened in America. It changed politics around the world and world capital flows. All goes according to plan. You see.

Correlation does not equal causation. Try correlating the number facebook users with gold prices.