Martin Armstrong Discussion

[iamnotback]

I agree with Armstrong, as governments get ever more aggressive in taxing their already burdened citizens, immobile property is going to be a big target.

Which is why I'm buying a 40' catamaran or monohull sailboat.

Well at least its too immobile for your dog to eat or your toddler to flush:

My kids tossed my Trezor in the toilet and it is gone now.

Epic. I am imagining a massive excavator ripping up the entire block to recover your $billions.

I remember in the 1980s when my baby stepbrother flushed his massive Pampers and we had to remove the toilet.

[jbreher]

I remember in the 1980s when my baby stepbrother flushed his massive Pampers and we had to remove the toilet.

Har. He was on the right track, but the devil is in the details, eh?

[r0ach]

Gold and silver both going up while there's a record amount of shorts on silver.  RIP Armstrong.

[r0ach]

Anonymizer, I don't know how you can even attempt to defend cryptocurrency with stuff like this:

"Japanese companies wishing to use bitcoins will be expected to pay the equivalent of some $300,000 to adopt bitcoin, and there is no guarantee that they will receive a license, even if they abide by government edicts. "

It's not possible for cryptocurrency to escape government regulation (and co-option by default).  The only way you're escaping the matrix of govt is using physical gold and silver in the real world outside of the digital realm.  How the hell can you claim cryptocurrency is a hedge against govt when they can easily control every aspect about it with barely any overhead?  Nobody can muster the overhead required to prevent people from physically transacting in gold and silver in the real world.  Nothing in the digital space is a hedge against government.

[iamnotback]

It is probably time to sell some BTC and move to an altcoin for the time being:

https://bitcointalk.org/index.php?topic=1819153.msg18284974#msg18284974

I would seriously consider making that hedging move asap.

[r0ach]

It is probably time to sell some BTC and move to an altcoin for the time being:

https://bitcointalk.org/index.php?topic=1819153.msg18284974#msg18284974

I would seriously consider making that hedging move asap.

Your description of how bitcoin works (which is mostly accurate) makes bitcoin look pointless and ridiculous, since it's just whatever party puts up the biggest fiat wall on an exchange = consensus.  You bypass the entire Rube Goldberg known as bitcoin by just doing a dick measuring contest of whoever has the most fiat bills in real life.  And this will always be the case unless bitcoin was the unit of account for the entire world, but that's not even possible because bitcoin can never defeat gold and silver as a store of value on Exter's pyramid.

[OROBTC]

I agree with Armstrong, as governments get ever more aggressive in taxing their already burdened citizens, immobile property is going to be a big target.

Which is why I'm buying a 40' catamaran or monohull sailboat.

One of my friends is thinking along similar lines.  Buy a sailboat and learn to sail it (with his wife and any of his willing sons w/ their spouses).

Still, even with a yacht you have to go somewhere.  My friend is thinking Costa Rica.  But, he does not speak Spanish nor has he ever been there.  Also, the Caribbean is infamous for piracy, yep, scuzzbags who would rob you and then kill you.  Rape you & your wife...  Some of these guys are in the drug trade (shipping cocaine to the USA by boat).  And they are armed to the teeth and LOVE using their guns.

Yachts are also taxed whenever the authorities can impose them (remember John Kerry and his MA yacht that he stashed in RI?).

"Plan B" countries is a big topic which I have extensively thought about.  It's not easy.  It's not cheap.  And there are many cultural differences outside the USA.

Habla español, Sr. Cucaracha?

Our Plan B is Peru (as we have a business there, and she is Peruvian).  But we would go only with a $hitlery^2, and then try to go only when we would have to.  Timing THAT, of course, is tricky.

[Risk Mgmt]

An impact event as in collision between astronomical objects causing measurable effects and/or serious Earthquake...in the heart of the Capital Markets.


Nobody will accept BITCOIN and in some case be unable to accept it.


How does such event impact Markets from Bonds to Stocks etc?

[iamnotback]

Gold and silver both going up while there's a record amount of shorts on silver.  RIP Armstrong.

Armstrong called all the price moves in advance for paid subscribers. I've had access. Sorry @r0ach.

Basically gold is preparing to align with USD and move up with it, but the final bottom of gold might not be here yet. We could have a precipitous crash still. Other than that possibility, gold is preparing to align with USD and both move up together.

[iamnotback]

Nobody can muster the overhead required to prevent people from physically transacting in gold and silver in the real world.

No need, because nobody is or will be physically transacting. We are not going back to archaic less productive times. You can visit a museum if you like.

Without the market makers and dealers, your precious metals are useless. And the government can lean on the central points of failure.

[iamnotback]

Deflationary crypto-currency will correspond with a change from debt-based, industrial age to investment-based, knowledge age.

[r0ach]

Gold and silver both going up while there's a record amount of shorts on silver.  RIP Armstrong.

Armstrong called all the price moves in advance for paid subscribers. I've had access. Sorry @r0ach.

Basically gold is preparing to align with USD and move up with it, but the final bottom of gold might not be here yet. We could have a precipitous crash still. Other than that possibility, gold is preparing to align with USD and both move up together.

No fuck that.  Armstrong was wrong and you know it.  You don't get to play quantum forecasting and take two polar opposite positions and claim you said it's going to go down and go up at the same time.  That's called a scam.

Armstrong is a shill.  Blatantly obvious from this post:

Armstrong has a nice thoughtful little piece today:

https://www.armstrongeconomics.com/world-news/corruption/money-or-government-which-is-the-problem/

LOL, Armstrong really gives himself away as a shill with posts like this.  Hugo Salinas' idea is akin to a stealth reintroduction of sound money where the govt doesn't attempt to price fix metals, then Armstrong is like "whoa holy shit that would be terrible!".  If anyone can't figure out Armstrong is a Jewish banking shill from posts like that, you are not a very smart person.  His idea is basically the same thing as free gold except free silver.

[iamnotback]

Tinfoil hat dwellers suffer from troglodytism. They are oblivious to the changes taking place in the world.

[Shakfrek]

I'm still waiting for the bond apocalypse, aka big bang, forecasted by Martin Armstrong for October 2015. It's been 1 year and a half already  

Or gold going to $5000 by 2015 predicted back in 2009, or the Euro bonds and currency collapsing predicted in 2012 by 2015, or US real estate collapsing into 2032 instead it made new all time highs in virtually every market, etc. etc. etc.

I suspect he had to take his blog "private" as it was becoming blatant and painful for everyone to witness in some respects.  Don't get me wrong I do think not everything he says is hogwash and welcome his perspective but his predictions and his "super computer" are quite laughable.  It is even funnier to see folks standing by him - quite amusing.

[r0ach]

Or gold going to $5000 by 2015 predicted back in 2009

Yea, this one is rather amusing because before he went to jail he gave the same numbers as everyone else if gold was to be re-integrated into the monetary system, which would be something like $20,000 an ounce if not higher.  Then after getting out of jail he claims it won't go higher than $5000.  

I'm in a slightly different camp where I believe that since countries like India, China, Russia, and random Arab states all have shit tons of gold, they're not that anxious to force a gold only system because it would benefit people too much who they...don't want to benefit.  I don't really see any reason for them to try and stop or suppress silver at this point while elevating only gold.  The FOA/FOFOA numbers of gold hitting something like $50,000 seem ridiculous in that regard.  I think we're more likely to see $10k-$20k gold + astronomically high silver rather than $50k gold in any type of debt collapse remonetization scheme.  Both China and Mexico also seem to be giving the green flag to silver as well.

[OROBTC]

Or gold going to $5000 by 2015 predicted back in 2009

Yea, this one is rather amusing because before he went to jail he gave the same numbers as everyone else if gold was to be re-integrated into the monetary system, which would be something like $20,000 an ounce if not higher.  Then after getting out of jail he claims it won't go higher than $5000.  

I'm in a slightly different camp where I believe that since countries like India, China, Russia, and random Arab states all have shit tons of gold, they're not that anxious to force a gold only system because it would benefit people too much who they...don't want to benefit.  I don't really see any reason for them to try and stop or suppress silver at this point while elevating only gold.  The FOA/FOFOA numbers of gold hitting something like $50,000 seem ridiculous in that regard.  I think we're more likely to see $10k-$20k gold + astronomically high silver rather than $50k gold in any type of debt collapse remonetization scheme.  Both China and Mexico also seem to be giving the green flag to silver as well.

I really don't know what's going to happen, and my best guess is that very few do.  I can tell you all that our FedGov has shown it's incompetence / amorality / whatever by being unable to deliver the goods (botched NObamacare bill).

I suspect that gold is really going to zoom as the governments of the world start failing big-time and in an obvious way.  INFLATION is the likely end result (although deflation could certainly happen first).

I value gold because it is the premier Store of Value.  Not silver, silver in recent years has not been monetized (that I know of, and I am trying to follow all of this).  Silver is used heavily by industry, but if we enter a Great Depression v. 2, will it go up in price?  How about platinum?

I could live with $10k - $20k gold too.  And I have just enough silver that should it take (unlikely IMO) a BIG price spike up, well, that's also OK.

*  *  *

"I'm in a slightly different camp where I believe that since countries like India, China, Russia, and random Arab states all have shit tons of gold, they're not that anxious to force a gold only system because it would benefit people too much who they...don't want to benefit."

That's an interesting comment there r0ach, I had not seen that idea before.

[Forester618]

I'm still waiting for the bond apocalypse, aka big bang, forecasted by Martin Armstrong for October 2015. It's been 1 year and a half already  

Or gold going to $5000 by 2015 predicted back in 2009, or the Euro bonds and currency collapsing predicted in 2012 by 2015, or US real estate collapsing into 2032 instead it made new all time highs in virtually every market, etc. etc. etc.

I suspect he had to take his blog "private" as it was becoming blatant and painful for everyone to witness in some respects.  Don't get me wrong I do think not everything he says is hogwash and welcome his perspective but his predictions and his "super computer" are quite laughable.  It is even funnier to see folks standing by him - quite amusing.

I do not guess. These predictors much. Said all that stuff. If true, it would be called the great predictor, and will not come true if we all just forget about his prophecies. A standard tactic of scammers.

[iamnotback]

I'm still waiting for the bond apocalypse, aka big bang, forecasted by Martin Armstrong for October 2015. It's been 1 year and a half already  

Or gold going to $5000 by 2015 predicted back in 2009, or the Euro bonds and currency collapsing predicted in 2012 by 2015, or US real estate collapsing into 2032 instead it made new all time highs in virtually every market, etc. etc. etc.

I suspect he had to take his blog "private" as it was becoming blatant and painful for everyone to witness in some respects.  Don't get me wrong I do think not everything he says is hogwash and welcome his perspective but his predictions and his "super computer" are quite laughable.  It is even funnier to see folks standing by him - quite amusing.

I do not guess. These predictors much. Said all that stuff. If true, it would be called the great predictor, and will not come true if we all just forget about his prophecies. A standard tactic of scammers.

Except they are all lies taken out of the context.

But just listen to them and stay away from our profits.

I really don't know what's going to happen, and my best guess is that very few do.  I can tell you all that our FedGov has shown it's incompetence / amorality / whatever by being unable to deliver the goods (botched NObamacare bill).

Everything associated with the Industrial Age will die, including government, fiat money, socialism, strip malls, precious metals, etc..

The world looks very different on the other side.

Stay in crypto.

We may have a bumpy ride in Bitcoin until the miner vs. whale cartel issue is settled with one of them destroying the other.

[r0ach]

"I'm in a slightly different camp where I believe that since countries like India, China, Russia, and random Arab states all have shit tons of gold, they're not that anxious to force a gold only system because it would benefit people too much who they...don't want to benefit."

That's an interesting comment there r0ach, I had not seen that idea before.

Yea, I'm just not seeing anyone who currently has power on this planet set out with the explicit goal of sending gold to $50,000 an ounce which would then create millions of slumdog millionaires and have India as the new superpower of the world.  I think long before doing something like that they would attempt to dilute Indian + Arab + Russian + China gold holdings by setting gold to "only" $10k and then silver to a 1:10, 1:15, 1:30, or 1:50 ratio.  The current GSR ratio printed on the currencies themselves in the US is already 50:1...so technically it's probably pointless to buy gold over silver anytime the GSR is over 50:1 ratio.  

[r0ach]

Everything associated with the Industrial Age will die, including government, fiat money, socialism, strip malls, precious metals, etc..

The world looks very different on the other side.

Stay in crypto.

Wouldn't be so sure of that!:

Roger is teaching economics 101 out of his ass. If you're interested:
https://www.reddit.com/r/btc/comments/61oycs/substitute_goods/

He's kind of right there.  I always thought if bitcoin doesn't scale and fees go too high transactions would bleed into an altcoin like litecoin.  Then once litecoin fees go to high they would bleed into something else.  At this point cryptocurrency would either be a slow march to the graveyard with continuous fracturing of the ecosystem, or you would end up with regional currencies developing to avoid the overhead of outside ecosystems.  

It's possible the common link between each regional currency would be bitcoin, but it's also possible it would be some fiat note or gold/silver/oil whatever instead.  The common link is what other nations would accept in international trade settlement.  They currently accept useless things like tbills, but most people seem to be pushing towards settling international trade in gold.  If you were the king of a country and selling oil to someone else, would you rather have gold or bitcoin?...

I'd probably want something more than imaginary electrons as payment if I was dumping my country's natural resources on the market.  Bitcoin is similar to fiat paper promises in that regard - an IOU to receive goods or services from someone else at a later date.  It requires another party to honor that contract, which is not legally binding nor even a gentlemen's agreement - just an assumption some random guy is going to give you stuff for it some day.  It takes an actual physical commodity based currency that you can hold in your hand and defend with an AR15 to eleminate that counter party risk.  

Someone might not agree to be your slave just because you have a bag of gold, but at least you don't end up with a bag of nothing out of the deal.