Martin Armstrong Discussion

[realr0ach]

Gold will not work. We have already been there. Crypto is the paradaigm shift. All gold has is history.

Wrong answer!  Fiat bills in the US have always been receipts for gold and silver.  Absolutely nothing changed except the govt defaulting in 1971 and issuing non-convertible receipts.  The main reason the receipts become non-convertible isn't because metals don't work as money, it's because:

1)  govt will always overspend due to no accountability then try to confiscate everyone's money no matter what form the money is in

2)  fractional reserve banking usually collapses and then 9/10 people are left holding the bag

Bitcoin does absolutely nothing to solve either of those problems.  If bitcoin actually became the world reserve currency (it never will), very few people would "be their own bankers" just like the current day environment. They would lock up their funds in some type of financial institution in order to put it in a chain of custody for wills for their kids and things like that.  The banks would then create receipts higher than the actual coins they have stored and nothing changes.  The only change you would have is a far less sound settlement system (shitcoins instead of metals).

The real solution is simply using physical metals in native form as the money - gold, silver, and copper.  If you accept IOUs for the money and it gets stolen by the govt or banks, it's your own fault for being an idiot.

[1714193085]

1714193085

[1714193085]

1714193085

[1714193085]

1714193085

[Wekkel]

You continue to live in the past. Gold will remain gold but it will not regain its place in the payment system. The future is digital.

[sidhujag]

You continue to live in the past. Gold will remain gold but it will not regain its place in the payment system. The future is digital.

Can only lead a horse to water cannot force him to drink.

[Thamon]

Martin Armstrong is a US financial analyst who created a unique mathematical formula that enabled him to correctly predict many events in politics and economics. In an interview with Sputnik, he revealed how US banks wanted to take over Russia and explained why the euro is destined to collapse.

[Traxo]

Then there was Operation Northwoods where the documents have come out showing that the CIA wanted to kill Americans and blame it on Cuba to start a war.

Every single war has been started with fake news all so some in the Military get to play with their toys no matter how many boys die for their games.

The Pentagon just held a follow up press conference with Secretary of Defense James Mattis saying that they’re defending America by attacking Syria over unproven claims that they gassed babies.

Of course nobody believes that this operation has anything to do with protecting American national security interests.
Mattis should have at least been honest and said that they are attacking Syria for the benefit of Jews and Israel.
That’s the real reason for this attack and everyone knows it.

What will we get for bombing Syria besides more debt and a possible long term conflict?

So trump might be starting WWIII, is he insane, or a hostage?

[guxu219]

It seems Armstrong is a believer in reading the tea leaves of market data and figuring where prices will go.
He has some good ideas about how money, the economy and the world basically works, but this "technical" reading is definitely not productive.  The system is way too complex and uncertain at this level of detail.His monetary history lacks a bit of focus, with a lot of period details but not enough conceptual material to tie things together.

[ruthbabe]

Martin Armstrong is a US financial analyst who created a unique mathematical formula that enabled him to correctly predict many events in politics and economics. In an interview with Sputnik, he revealed how US banks wanted to take over Russia and explained why the euro is destined to collapse.

I've read that too. But, in that news report Martin Armstrong did not confirm the US government is involved when he says, "Whether the US government was involved, I'm not entirely sure. But the bankers definitely were. And what they were after is basically they got Yeltsin to steal effectively 7 billion dollars from IMF loans." One can read more here, https://sputniknews.com/analysis/201801101060656813-us-banks-financial-coup-against-russia/

[Starscream]

To my mind, really long time should pass before the bitcoin's market gets back to the stability.

[solidrock]

I like Martin Armstrong, Watched a great documentary called "The Forecaster" about his background, life, famous system, incarceration and life after that. Highly recommended!

[Danlopz]

Im bearish LTC until sub $1 but i would buy segwit coins that are merge mined. Much profit.

I completely agree with TPTB_needswar that the workforce structure will really change and knowledge economy workers will be
in a privileged position, but that will not change some things about Martin Armstrong. I have great respect for his work, even though I am only
knew a bit about the economy I read and tried to understand everything he published, but he did not take into account the radical changes, which
will be caused by automation, M2M, and Internet of Things. It makes sense to assume that the analysis is correct by showing that
automation and robotics will remove 50% of the work by 2030 and this will undoubtedly bring a completely new paradigm for the economy
and society.

[sidhujag]

Im bearish LTC until sub $1 but i would buy segwit coins that are merge mined. Much profit.

I completely agree with TPTB_needswar that the workforce structure will really change and knowledge economy workers will be
in a privileged position, but that will not change some things about Martin Armstrong. I have great respect for his work, even though I am only
knew a bit about the economy I read and tried to understand everything he published, but he did not take into account the radical changes, which
will be caused by automation, M2M, and Internet of Things. It makes sense to assume that the analysis is correct by showing that
automation and robotics will remove 50% of the work by 2030 and this will undoubtedly bring a completely new paradigm for the economy
and society.

nothing to do with my quote.

[THX 1138]

Just been reading: https://www.zerohedge.com/news/2018-05-19/more-anti-crypto-idiocracy-conflating-extreme-norm

"...Martin Armstrong is embarrassing himself once again about the future for cryptocurrencies....

His entire blog post https://www.armstrongeconomics.com/world-news/cryptocurrency/can-cryptocurrencies-survive/ is a morass of poor argumentation which I could go into point by point but seriously why?  Anyone who has spent as much time analyzing markets and governments as Martin should know that today’s governmental power rests on a functional internet and electrical grid..."

"...Bitcoin is the catastrophic mutation of money borne out of, yes Martin, necessity to break the monopoly governments have on the issuance of new monetary units..."

EDIT:

A take on Armstrong's post from Anonymint: https://steemit.com/cryptocurrency/@anonymint/re-anonymint-bitcoin-rises-because-land-is-becoming-worthless-20180519t120410615z

[sidhujag]

crypto should then support armstrongs argumemt of the rei supercycle and should click into his old decaying brain. How else do you think a super bubble in rei will burst??

[Traxo]

Just been reading: https://www.zerohedge.com/news/2018-05-19/more-anti-crypto-idiocracy-conflating-extreme-norm
[...]
A take on Armstrong's post from Anonymint: https://steemit.com/cryptocurrency/@anonymint/re-anonymint-bitcoin-rises-because-land-is-becoming-worthless-20180519t120410615z

Apparently Armstrong responded with two additional blogs:

https://www.armstrongeconomics.com/world-news/cryptocurrency/have-cryptocurrencies-become-a-religion/
https://www.armstrongeconomics.com/world-news/cryptocurrency/as-long-as-cryptocurrencies-remain-assets-then-they-will-survive-a-monetary-crisis/

Anonymint's follow up:
https://steemit.com/cryptocurrency/@anonymint/re-anonymint-re-anonymint-bitcoin-rises-because-land-is-becoming-worthless-20180521t051032993z


[Greg Hunter] Martin Armstrong - Rates are Going to Jump to 10% Instantaneously
https://www.youtube.com/watch?v=DFRuRoqLKZU
(tho no mention about cryptocurrencies in the video)

He doesn't see a war in the near term (at least not with Korea),
but we are heading into cycle of war, something is brewing in the Middle East.
Currently he sees increasing civil unrest.

On the other hand, Sweden might be scared:

The Swedish government has begun sending all 4.8m of the country’s households a public information leaflet telling the population, for the first time in more than half a century, what to do in the event of a war.
Om krisen eller kriget kommer (If crisis or war comes) explains how people can secure basic needs such as food, water and heat, what warning signals mean, where to find bomb shelters and how to contribute to Sweden’s “total defence”.

Similar leaflets were first distributed in neutral Sweden in 1943, at the height of the second world war. Updates were issued regularly to the general public until 1961, and then to local and national government officials until 1991.

“Society is vulnerable, so we need to prepare ourselves as individuals,” said Dan Eliasson of the Swedish civil contingencies agency, which is in charge of the project. “There’s also an information deficit in terms of concrete advice, which we aim to provide.”

A detailed page of “home preparedness tips” advises the population to stock up on water bottles, warm clothing and sleeping bags, and “non-perishable food that can be prepared quickly, requires little water or can be eaten without preparation”.

Here is the leaflet in english:
https://www.dinsakerhet.se/siteassets/dinsakerhet.se/broschyren-om-krisen-eller-kriget-kommer/om-krisen-eller-kriget-kommer---engelska.pdf

[STT]

Make hay while the sun shines.   Its not really an emergency reserve if people only stock up when the tornado is already on its way or whatever event they hope to plan for.   We could just give Sweden credit for raising awareness while there is actually no imminent threat.    Its smart, a country survives on its populations capabilities and the typical plan would be for large government build up of stock but I like that Sweden encourages the individual to take responsibility.   

[sidhujag]

Make hay while the sun shines.   Its not really an emergency reserve if people only stock up when the tornado is already on its way or whatever event they hope to plan for.   We could just give Sweden credit for raising awareness while there is actually no imminent threat.    Its smart, a country survives on its populations capabilities and the typical plan would be for large government build up of stock but I like that Sweden encourages the individual to take responsibility.   

yea i was surprised with that as well. I mean the intention is always good but power corrupts some or most and the incentive system for our society tends towards the current power structure paradaigm. Tweak those parameters and we can engineer that structure to something more ideal perhaps more akin to original visions when we left the gold standard.

[Traxo]

https://www.zerohedge.com/news/2018-05-19/more-anti-crypto-idiocracy-conflating-extreme-norm

Apparently Armstrong responded with two additional blogs:
https://www.armstrongeconomics.com/world-news/cryptocurrency/have-cryptocurrencies-become-a-religion/
https://www.armstrongeconomics.com/world-news/cryptocurrency/as-long-as-cryptocurrencies-remain-assets-then-they-will-survive-a-monetary-crisis/

Anonymint's follow up:
https://steemit.com/cryptocurrency/@anonymint/re-anonymint-re-anonymint-bitcoin-rises-because-land-is-becoming-worthless-20180521t051032993z

Another reply from Armstrong:
https://www.armstrongeconomics.com/world-news/cryptocurrency/cryptocurrency-dancing-with-the-devil/

EDIT:
And Anonymint rebunked him again:
https://steemit.com/@anonymint/re-goldgoatsnguns-re-anonymint-re-anonymint-re-anonymint-bitcoin-rises-because-land-is-becoming-worthless-20180523t124045579z

[THX 1138]

And Anonymint rebunked him again:
https://steemit.com/@anonymint/re-goldgoatsnguns-re-anonymint-re-anonymint-re-anonymint-bitcoin-rises-because-land-is-becoming-worthless-20180523t124045579z

Good stuff. You beat me to it!

[Doulon]

https://youtu.be/DFRuRoqLKZU

A very nice new interview with Martin Armstrong, by Greg Hunter.

Armstrong says he see interest rates soaring to 10% by 2020/2021

One of the best interviews with Martin so far imo.

[Traxo]

@anonymint has written a comprehensive blog analyzing the extant projects and consensus ledger designs.
This exemplifies the depth of his research and expertise, as well pretty much points out that
there's nothing yet published in our industry which can achieve all three of: scalability, security, and decentralization.

https://steemit.com/cryptocurrency/@anonymint/scaling-decentralization-security-of-distributed-ledgers