Economic Devastation

[iamback]

Don't panic. Don't procrastinate. Proceed methodically on a wise Plan A.

Do not take on more debt.

Prepare Plan B, and Plan C as well.

I would advise Plan B or Plan C would include an option for seeking greener pastures.

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[iamback]

As the old saying goes you can catch more flies with honey then vinager.  

There is no benefit to attracting flies who throw temper tantrums when they aren't spoon fed.

I guess you have time to waste in Toys Я Us.

Wouldn't it be more productive spending our time programming and creating solutions, than talking here?

I don't give a rats ass who reads my essays.

I wrote them so my conceptualization would be solidified not to win a popularity contest.

[OROBTC]

...

darlidada

It is easy for anyone (like people writing posts on the Internet) to pass along suggestions, I understand that.

But, iamback is right.  You need to prepare.  Maybe things will work out OK (but highly unlikely in my opinion) .  But, if not, then you must be prepared "at least better than average."  Even if you don't like present circumstances, you must ACT, and now is a good time, and get to work on this.  I do understand that France has many problems, some worse than here in the USA.

The old saying goes like this:

"I cannot run faster than the bear.  But, I can run faster than YOU."  (Meaning, of course, that the probabilities of coming through OK in Bad Times are better if you are better prepared than your neighbors)


iamback

I too have found that writing on topics like this crystallizes thinking.

I should have mentioned ammo too.  Obama came close to banning the most popular round for AR-15 ("green tips") because, erm, he says they are armor-piercing...  Today I read that BATF is backing off the proposed ban, which of course is unconstitutional.  Not that that stops the Socialist Scum.

I have a semi-auto "AK-47" ("Saiga", an Izhevsk-Nevada joint venture).  3000 rounds of 7.62 * 39, 1000 more of 9 mm for my Beretta.


Dr. CoinCube  

It's good to see that you are studying the risks of financial collapse.  Put that nice income of yours to work!  I have not read enough of this thread to know if you have a family or not.  If you are single, then you can be somewhat single-minded in preparation.  And if you DO have a family, then you MUST think even harder about the future (uh-oh, I must have picked-up a hectoring tone from someone here, smile,,,).

Besides, if you save a lot (gold, stocks or even whatever iamback would suggest), then you will be in great shape for almost any future.

If you do not own a gun, don't be a snob, go buy one or two!  Don't wait around!  And LOTS of ammo!  THREE times what you "think is enough".  My 3000 rounds for the AK isn't even enough "for a good firefight" my redneck friends tell me...

[iamback]

A partial list of Armstrong's correct prognostications that come to mind:

• Predicting the top in gold in 1980 and walking away from gold at the top for decades.
• Predicting the top of the Japanese stock market to the day, I believe it was 1989 but go verify.
• Predicting the top and flash crash of the USA stock market to day, I believe it was 1987 (everyone thought he was crazy).
• During that USA flash crash, he sent out a report predicting the market would rise back up to new all time highs by 1989 (again everyone thought he was crazy)
• Predicting the LTCM (Long Term Capital Management) crisis (derivatives all tied up in Russian bonds) and Russian crisis the late 1990s (again everyone thought he was crazy)
• Predicting the failure of the British pound peg which gave George Soros his fame and made him a billionaire
• In 1998 (there is a slide of this), predicting the 2007 subprime crisis, predicting the rise of oil to $100+ then collapse below $57 by 12/31/2014, which is exactly what happened to the day again. In that 1998 conference, he also predicted the 2015.75 for the Sovereign Debt BIG BANG (he used the same name for the event). On that slide he also predicted the top of the dot.com bubble (as well his War Cycle model predicted 9/11 to the day and he had written about this expectation of rising terrorism and potential false flag operations).
• As early as 2009 or 2010 he was predicting gold would rise with the ECM to Spring 2011, then turn with it. As gold was still up in the $1600s or so in 2011/2012, he was writing gold would crash first to the $1200 level, bounce then eventually bottom below $1000 before 2015.75 (some where between $680 and $950). He also predicting gold will make news highs after 2015.75 with the ultimate high after some years perhaps as high as $5000 (but that is a maximum target and may not go that high).
• As early as August 2012 when DJIA he predicted the a double to triple in the DJIA by 2015.75 unless it inverts to align with Private Assets, then in which case that top target would extend into 2017.35. He targeted 2014 for making the determination of whether it had inverted or not. It did rise steadily to 18000, which was more than 50% rise when everyone else was expecting it to crash. And he did determine on time that it had inverted and the big phase transition will follow in 2016 and 2017.
• He reiterated his prediction in 2014 (when oil was $100+) for oil to close below $57 and he says it will go lower to $30.
• His model of 224-year Political Change in the USA, predicting exactly the April 2013 month that Edward Snowden made his final and "no going back now" moves to leak NSA expose. That indeed was the top of the USA Empire as predicted, because the NSA is destroying the USA and the world. And now that the world knows, the world is trying to move away from the USA (analogous to the fall of the Athenian empire where the allied countries realigned with Sparta), e.g. China has regulations now against doing business with USA tech companies, Brazil is working on establishing a direct undersea internet cable to Portugal to shut out the NSA, German politicians started using typewriters again to avoid the NSA evesdropping, us hackers have become awakened and are busy creating new technologies for a new anonymous internet, etc..
• There is a video of a 2014 conference where he predicted the Swiss peg to the Euro would fail imminently.
• In 2013 predicting Ukraine as the focal point for the coming bottom and rise of the 25-year Wheeler War Cycle.
• In 2013 predicting Austria as the place of the start of the European sovereign dominoes contagion collapse, which occurred recently.
• Predicting the rise in the abnormal weather in the USA.
• In the videos of the Forecaster trailer, there is a mention of some (I believe Middle East) country asking for him to produce a prediction, the computer said the currency will collapse in 8 days. It did!
• He has stated he expects wider spread of war starting from 2017.
• etc, etc, etc,

I mean seriously the guy's computer and models have been predicting everything correctly since it was created in the 1970s.

And you doubt his 2018 - 2019 pandemic prediction?

Not wise.

[CoinCube]

Dr. CoinCube  

It's good to see that you are studying the risks of financial collapse.  Put that nice income of yours to work!  

Its really not all wine and roses in doctorate land. Not a bad gig but definitly not what people often think.

http://www.forbes.com/sites/phildemuth/2013/11/25/are-you-rich-enough-the-terrible-tragedy-of-income-inequality-among-the-1/

These people are small business owners and doctors and lawyers and frequent-flier mile hoarding executives rising up the corporate letterhead.  They got there through advanced education, through marrying someone just like themselves, and then laying on long hours of hard work.  Tell them they are “rich” and they will suppress a chortle, even though they are undeniably rich compared to the median U.S. dual-earner couple taking home $67,000.  Nevertheless, as I point out The Affluent Investor, they feel like galley slaves.   Their lives are fifty shades of bondage to discipline.  What is their number one worry?  Money, naturally.

Yep pretty much. But the article fails to say why money is the #1 worry its because of student debt.

http://blog.credit.com/2014/06/i-have-520k-in-student-loans-where-do-i-start-84603/

The guy who posted to Reddit about his half-million dollars in student loan debt from dental school. And while dentists earn a lot of money, $520,000 in student loans is still a massive sum. (Dentists’ salaries range from $75,003 to $229,091 and rise rapidly during the first five to 10 years of their careers, according to PayScale.)
 
As this new dentist wanted to know, where do you start with that kind of debt?

http://www.forbes.com/sites/danmunro/2014/01/30/med-student-gives-sober-assessment-of-future-with-500k-in-student-debt/

The median four-year cost to attend medical school – which includes outlays like living expenses and books – for the class of 2013 is $278,455 at private schools according to the Association of American Medical Colleges, a nonprofit group of U.S. schools.

Fed Chairman Ben Bernanke testified before Congress that his own son will complete his formal medical training with $400,000 in loans.

http://money.cnn.com/2014/07/15/pf/jobs/lawyer-salaries/

Lawyers have been struggling for a while now, but it's gotten even worse: Half of lawyers are now starting at a salary of less than $62,000 a year, according to the National Association for Law Placement.

Not only that, but starting salaries have fallen 13% over the past six years, down from $72,000 in 2008. At the same time, lawyers' student debts are piling up. Thompson is carrying over $150,000 in student loans.

 

[iamback]

CoinCube, yes the Knowledge Age will destroy "licenses" as a way to have exclusivity (oligarchy) on income. Run away from the "professions". It was a lucrative racket, but it is coming to an end [reset] (with lower income from a lower level in Asia). P.S. I saw you figured out how to do tables with this forum and put an image on the left column of text. It means you can be a programmer.

---------------------------- Original Message ----------------------------
Subject: Armstrong plz update us on your 2018-2019 pandemic prediction
From:    iamback
Date:    Wed, March 11, 2015 2:01 am
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------

The pandemic coming is probably the most important thing we need to know
more about. I am thinking it will be H7N9 influenza (bleeding from nose,
suffocating on blood like the 1918 Spanish Flu). And people aged 65 and
older do not respond the vaccine. Looks like nature will cull the Western
pension problem, so Asia can rise.

Please try to put more research on this and report. The "Solutions
Conference" is a political blackhole. Please stop "pie in the sky"
bullshit and give us the real information we need to act autonomously. All
this collectivized action bullshit is just more of the same socialist
(herding sheeople) mentality that got us into this mess in the first
place!

A partial list of Armstrong's correct predictions since the 1980s:

https://bitcointalk.org/index.php?topic=355212.msg10733591#msg10733591

[bigtimespaghetti]

I knew things were bad in terms of student loans in the US, but I had no idea the kind of debt medical practitioners had.

Also iamback, I agree that more information is needed to be completely autonomous from Armstrong.

[CoinCube]

A partial list of Armstrong's correct prognostications that come to mind:

...
I mean seriously the guy's computer and models have been predicting everything correctly since it was created in the 1970s.

Ok you have succeeded in sparking my curiosity. I will do some homework on this topic over then next few weeks and report back.

[iamback]

A partial list of Armstrong's correct prognostications that come to mind:

...
I mean seriously the guy's computer and models have been predicting everything correctly since it was created in the 1970s.

Ok you have succeeded in sparking my curiosity. I will do some homework on this topic over then next few weeks and report back.

You may have more available time and patience than I do to dig up the specifics. The specifics are spread all over the place, you will have to really dig.

Remember the model turn dates are equally (or more) important than Armstrong's worlds. He doesn't articulate perfectly. He is a programmer. Do you notice how I type the wrong worlds when I come up from air from programming?

See the quote of me by bigtimespaghetti and see how I edited my post to correct the typos.

Edit: see example above "worlds" should be "words" and "from air" should be "for air".

Programming is a different language from human language. The language engine in the mind becomes adjusted to the different pattern of articulation of program code (which is one reason I entirely omit words). A programming language typically has only about 50 keywords of vocabulary (so "worlds" = "words").

Edit#2: therefor you need to not focus on just one phrase in one post; instead holistically take into account everything he has written on a prediction.

[bigtimespaghetti]

You may have more available time and patience than I do to dig up the specifics. The specifics are spread all over the place, you will have to really dig.

This is what confuses me about Armstrong, he is very non-assuming. While his information seems to be incredibly important, he remains part of fringe economics. Why are jokers like Mike Maloney et al so prominent when they have just been repeating themselves for the past decade when there is some well thought out (with track record) information being put forward by MA?

[iamback]

Because the charlatans (promoters) say what people want to hear and Armstrong('s computer and models) say what people don't want to hear.

No one (not even investors) like to change direction. Inertia is a powerful drug. That is why to be more objective I try my best to have the least inertia in my life (to the point of living almost like a nomad).

Golden Rule: the majority (herd) is always wrong (but it takes time for that to become apparent in each case).

Also because the mainstream media has been told by the banksters to blacklist Armstrong, e.g. Bloomberg has entirely erased his name from their past articles that had mentioned him. Which again is just inertia in play again.

[bigtimespaghetti]

Because the charlatans (promoters) say what people want to hear and Armstrong('s computer and models) say what people don't want to hear.

Golden Rule: the majority (herd) is always wrong.

Also because the mainstream media has been told by the banksters to blacklist Armstrong, e.g. Bloomberg has entirely erased his name from their past articles that had mentioned him.

You've convinced me iamback. I'm going to dig through as many interviews as I can with Armstrong today.

[iamback]

Perhaps but all predictions need to have specific objective criteria for determining if they come true or not.
If you don't have that you are not dealing with predictions at all just vague handwaving that you can bend any number of results to fit.

I very much think he got the weather prediction wrong. To argue otherwise implies that he essentially made no prediction about the weather at all other then that it would be extreme and swingy which could mean anything and everything and is non falsafiable. You either hold him to what he wrote or you disregard all of his predictions that are equally vague including the ones you may want to give him credit for.

For example, volatility determines carrying cost. Extrapolate from there all Butterfly effects.

You are so extremely narrow minded. Everything is connected with fractal order.

I can't explain fractal modeling to you. Certainly not writing here.

You entirely don't understand modeling thus you are wasting my time.

You need to study and not speak until you are knowledgeable about modeling chaos.

Also he was very specific in his weather prediction and his specificity (both the prediction for violent storms and the prediction for volatility in both directions...how much more specific do you  realistically expect?) was met precisely by the outcome in California (as well the abnormal reduction in tornados in the Midwest). You are choosing to erect strawman arguments because you don't want a model with many bottom-up, onion layers (a fractal and high entropy), rather you want a flat earth with hierarchical, top-down structure (low entropy guaranteed failure and implausible).

All of this myopia on your part because you are trained in the medical and research fields, thus you have a vested interest for him to not be able to predict a pandemic. This is the inertia that I was explaining to bigtimespaghetti obscures the ability of mankind to be objective.

[iamback]

Sometimes I wonder if Armstrong is me and I am him, and we are just the same person living in two separate bodies and spaces. We seem to post the same thing at the same time so often...

Because the charlatans (promoters) say what people want to hear and Armstrong('s computer and models) say what people don't want to hear.

http://armstrongeconomics.com/2015/03/11/gold-a-rally-for-40000-by-year-end-come-on/

Gold & a Rally for $40,000 By Year-End? Come on!

COMMENT: Marty, I wanted to express my sincere gratitude for your work. I lost more than half of my savings following the goldbugs. I saw the light and sold on this last rally you called would be a “pop”. You called the low perfectly and then nailed the very day of the high. I can see how they were after your model for it does this far more often than not. You have been the lone forecaster who said gold would decline, the dollar would soar, the euro would crash and burn and interest rates would collapse. It is all connected and thank you for showing me how the world truly functions.

I can’t wait to watch your Solution Conference.  When I called for quotes on gold the day before the high, the pitch was no it was going to $40,000 by the end of this year. I said thanks. I am still a seller. I really do not know how these people are not in jail. As you said, if they were stock brokers, they would get 25 years in prison for such misrepresentations of everything. You did save my future, my marriage, my kids, and the cat. I prefer dogs, but I am the minority in my family.

[iamback]

Age Correlated

http://focustaiwan.tw/news/asoc/201503110008.aspx

a 58-year-old man in Taian, Shandong, a 63-year-old woman in Yueyang, Hunan, and a 52-year-old woman in Chenzhou, Hunan -- have contracted the [H7N9] flu strain

http://www.ncbi.nlm.nih.gov/pmc/articles/PMC4025352/

Yamazaki et al. performed a serological survey of avian H5N2-subtype influenza virus infections among poultry workers and found that seropositivity was significantly associated with age

http://www.thestandard.com.hk/news_detail.asp?pp_cat=30&art_id=154720&sid=43990043&con_type=1

The 61-year-old died of multiple organ failure at around 6am yesterday [March 1], hospital officials said.

He reported suffering from shortness of breath and coughing since February 16 after traveling to Dongguan on February 6-8 and again on February 14-15.

The man visited a wet market, where he selected two live chickens and had them cooked to take back to Hong Kong.

He saw a private doctor on February 16 and was admitted to Queen Mary Hospital four days later.

are unit in a critical condition, and confirmed with H7N9 on February 22.

Rapid Mutation & Spread

Deadly H7N9 to mutate by combining genetic material with Influenza A and B?

Once H7N9 combines genetic material with these other variants to produce human-to-human transmission, then the panepidemic will kill humans by the millions.

http://www.ncbi.nlm.nih.gov/pmc/articles/PMC4025352/

the cross species infection from avian to mammal of H5N2 virus has already been confirmed in pigs and the possibility for further genetic reassortment to cause new H5N2 virus that might be highly virulent to human beings is also proposed

http://www.cidrap.umn.edu/news-perspective/2015/03/big-jump-h5n2-virus-hits-minnesota-turkey-farm

In big jump, H5N2 virus hits Minnesota turkey farm

A highly pathogenic avian influenza H5N2 virus has struck a turkey farm in west-central Minnesota, marking its first appearance in the Mississippi Flyway after surfacing in the Pacific Northwest in recent months, the US Department of Agriculture (USDA) announced late yesterday.

"It is the same strain of avian influenza that has been confirmed in backyard and wild birds in Washington, Oregon, and Idaho

http://www.ctvnews.ca/health/flu-shot-protects-against-new-strain-of-h7n9-study-1.2241557

this US winter season's flu vaccine has been just 23 percent effective at preventing doctor visits for people of all ages.

Its lack of punch was blamed on multiple strains of the H3N2 virus that are circulating and making people sick, but that were not included in this season's vaccine.

http://www.healthline.com/health-news/seasonal-flu-vaccine-protects-against-h7n9-bird-flu-021815#4

Prior to March 2013, there were no known cases of H7N9 in humans, but the virus’ debut season resulted in 132 infections in people along with 44 deaths, according to the CDC.

http://shanghaiist.com/2015/02/12/china_confirms_100_human_infections.php

China confirms 100 human infections with H7N9 in 2015

http://outbreaknewstoday.com/china-h7n9-avian-flu-tally-nears-600/

China H7N9 avian flu tally nears 600

[bigtimespaghetti]

Sometimes I wonder if Armstrong is me and I am him, and we are just the same person living in two separate bodies and spaces. We seem to post the same thing at the same time so often...

I've often wondered similarly at least at the apparent similarity in lines of thinking. Could be you're very plugged into MA's predictions which creates a certain amount of correlations in your thoughts.

[coinits]

So what if I was to tell you that I can program? Specifically database programming. What is it that one should invent to help?

[iamback]

I created a new thread to discuss this post:

https://bitcointalk.org/index.php?topic=985481.0

---------------------------- Original Message ----------------------------
Subject: (idiot Armstrong): One-world reserve currency will cause all  nations to fail
From:    iamback
Date:    Wed, March 11, 2015 9:54 am
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------



http://armstrongeconomics.com/2015/03/10/the-one-world-currency-not-arriving-voluntarily/

QUESTION: Mr. Armstrong, do you believe there is a conspiracy to create a one world currency to which the central banks ascribe to? ANSWER: No. That is thrown around by the real conspiracy theorists who see everything as a giant planned plot form people who are actually in control of something. They cannot see that this does not need to be some giant conspiracy to end-up there with some one-world government [Typo: he meant reserve 'currency' as he has often argued the former is impractical and the latter is inevitable]...since no government will surrender sovereignty to some mysterious all powerful elite group. We are headed into a one-world currency not by design and certainly not willingly, but rather by necessity for economic reasons not political. How can anyone in their right mind argue there is a collective plot for the world to move in harmony to a one-world currency under a one-world government? This is power and politics we are talking about. This is like a two-year-old refusing to share a toy. <--- Larry Summers works for the global elite!

Armstrong, if the global elite do not benefit from a one-world reserve currency with one central bank (such as the World Bank where Larry Summers used to be their Chief Economist), then please explain to us (the 63,000 reads of my writings) why the banksters don't benefit from central bank ZIRP and QE now??

You have painted yourself into a logical corner. On the one hand you explain how the banksters are the only ones benefiting from the QE:

http://armstrongeconomics.com/2015/03/10/negative-interest-rates-brain-dead-thinking-that-will-implode-the-world/

...the banks did not lend and instead they went to the Fed and demanded they be paid interest on excess reserves. The Fed complied and pays them 0.25% for excess reserves. The banks can pay ZERO and make money without risk and use the balance for trading.

This entire exercise is brain-dead and it will not end very nicely. All they are doing is wiping out pension funds and the elderly. All those years of advice save for retirement are proven to be total bullshit when banks can convince governments that people should be paying them for the privilege to trade wildly with their money. What a deal. Thank you Larry [Summers].

...moving to negative interest rate just because the former Goldman Sachs boy running the ECB is moving to negative rates thanks to Larry Summers.

https://www.youtube.com/watch?v=AxOUyPKA_vg

...why do we borrow? And a subtle thing happened when we went to the floating exchange rate [in 1971]; before in the '60s if you went to the bank you had E Bonds or whatever and ... said I want to borrow against my savings in government E Bonds, they'd say, "No". It was illegal. And banks were not allowed to lend on government debt. That was correct in the sense you could say it was less inflationary to borrow than to print [i.e. difference between dropping money from banks to (government) borrowers versus Ben Bernanke's famous phrase "dropping cash from helicopters"]. But in '71 that was removed, so if you want to trade futures, you put your money in T-bills and post it as collateral. So now debt has simply become a new way of printing money that pays interest [to the banks!] and we don't understand what we've done so the national debt ... is really just money that is paying interest [to the banksters!] ... the interest payments are about 70% of the total national debt ... and that is why the system will collapse [when interest rates rise] ... in the USA if we had just printed the money [instead of borrowing it into existence from the magic wand of fractional banking], the national debt would only be 40% of what it is today; we are both creating currency and also paying interest on it...

So Armstrong has been pitching this idea that governments could just print the money they need for taxes. So the model he is proposing is where national currencies float against an international reserve currency, so governments can then mess up their own currencies if they wish. He prefer the governments just print the money from their central banks, and the relative success of nations at managing their economic and fiscal policies will determine their relative value of the national currencies relative to the inevitable one-world reserve currency.

But by Armstrong's own admission, trade only accounts for 10% of the world's capital flows and thus the vast majority of the world's wealth will choose the one-world reserve currency as its unit-of-account and thus who ever has their hands on the levers for the debasement and fractional reserves rules of the one-world reserve currency (e.g. the elite who run the World Bank, BIS, IMF, etc..) can then speculate and manipulate the national economies at-will. This will be just Goldman Sachs take over of Europe and Greece but on a global economy-of-scale level.

For analogous reasons as to why the Euro failed, the one-world reserve currency with national government debts denominated in separate currencies will also cause the nations to fail just like Greece did. The bottom line is that who ever controls the reserve currency of the world, holds the power to destroy and enslave the other nations.

Also Armstrong is contradicting himself on claiming above that the impetus for a move to a one-world reserve currency will be only for economic reasons and "not political".

https://www.youtube.com/watch?v=AxOUyPKA_vg

...we are going to go to some sort of new international reserve currency because there have been a lot of political problems with it [the dollar, i.e. one nation's debts being financed on the back of the world using that nation's currency as a reserve]...

http://armstrongeconomics.com/2015/03/10/the-one-world-currency-not-arriving-voluntarily/

I “believe” we will be forced into that one-world currency because of the collapse of the Euro and the contagion that will impact Japan. It will become the “solution” to hide the default on socialism. We are already in a declining trend since 2007 for all economies outside the USA. The USA is the only thing holding this thing up. When the global economy turns down, watch the finger-pointing.

The Sovereign Debt Crisis will cause the new currency to emerge for this is how they default. I would like to think that our proposal could be usurped and we end the borrowing, which nobody intends to repay anyway. But let’s be realistic. The collapse will be forced upon the world because of the failure of Marxism. That is the key. The very fundamental idea that government is capable of managing the economy.

The elite have planned this out a long time ago. They BIS Basel rounds have been preplanned for a long time and they slowly are increasing the Tier 1 capital requirements on banks. This will force mark-to-market and everything will collapse.

From that political problem, the world will have no choice but to accept a monetary reset, and the only way to get all the nations to agree to a reset will be for the power of the reserve currency to not be held by any one nation.

So that power will be transferred to an international entity. The elite will pretend it is a fair entity that has representation from all the nations, but as always, they will control this institution.

Armstrong wrote the following posts to try to refute what I had written as quoted below.

http://armstrongeconomics.com/2015/03/11/rothschilds-fact-or-disinformation-to-protect-the-guilty/
http://armstrongeconomics.com/2015/03/10/the-one-world-currency-not-arriving-voluntarily/
http://armstrongeconomics.com/2015/03/10/federal-reserve-confusion/
http://armstrongeconomics.com/2015/03/10/negative-interest-rates-brain-dead-thinking-that-will-implode-the-world/

...This will cause an acceleration of capital flow into the USA, driving the USA stocks to a phase transition bubble near 40,000 by 2017. The Fed will react by raising interest rates, seeing this as an opportunity to unwind their balance sheet and to pretend to be protecting the 99% against the 1% who profit on stocks. (Note Armstrong doesn't seem to understand the Fed will do this because TPTB want the masses to beg for their own demise, its all part of the master plan towards a one-world reserve currency and global Technocracy. Armstrong doesn't understand that at Bilderberg meetings a smaller group of less than a dozen meet to discuss the real plan for the world, he isn't inside the top most circle)

This rise in interest rates will cause the rest of the world (which is short the dollar due to borrowing all the QE which ended up invested outside the USA) to collapse, thus killing the USA exports from both reduced international demand and a stronger dollar.

USA should thus follow into terminal decline in 2017.

Dominoes falling...

It is very sad for me that Armstrong is in bed with the global elite, even if he doesn't realize it.

Of course the global elite don't control destiny. Human nature is in control. But the global elite are indeed playing their role as handed to them on a silver platter by human nature.

Instead of playing into the elite's goals with his Solutions Conference. Armstrong as a programmer should be helping us to create crypto-currency solutions.

Specifically the way to counter the worse effects of the one-world currency are to study my writings about the Knowledge Age which were linked from the opening post of this now 45 page forum thread.

You will probably need a week or two of studying the thread slowly.

I will be the first to admit I needed a week to fully absorb the following works of AnonyMint.

The Rise of Knowledge
Understand Everything Fundamentally

Together these are quite simply the most insightful piece of economic theory I have ever read.

If the author is right and I think he is we are all in the midst of a tragedy of epic proportions.  It is sad unstoppable and will devastate the lives of much of humanity.

The fundamental theme is summarized in my latter essay about "Thought Isn't Fungible":

http://unheresy.com/Information%20Is%20Alive.html#Thought_Isn%27t_Fungible

The Industrial Age relied on large economies-of-scale for manufacturing, which meant that fixed capital investments and NAV calculations sufficed for investment. The world was structured around a fixed return on capital model. This meant that large capital could find economies-of-scale for investment.

The Knowledge Age destroys all that! Big passive capital becomes dumb and impotent. Active capital (actual knowledge) is required in the Knowledge Age.

Thus those who invest in the reserve currency unit-of-account are in a dying paradigm. That one-world currency and eventual failure of the nations into a one-world government will be paradigm of death and eugenics (exactly as predicted in the Bible).

What is rising to take its place is knowledge based currencies where the unit-of-account can be pegged to the one-world reserve currency at a carrying cost by employing options to stabilize the pegged proxy unit. Since Knowledge Age workers will generate orders-of-magnitude higher ROI than fixed capital investment models (i.e. debt models) in the one-world system, the Knowledge Age workers can easily ignore this carrying cost as insignificant.

This is the mechanism by which the Knowledge Age will conquer the one-world reserve currency.

Good day. Armstrong stop being a dinosaur and give me your damn phone number so we can talk.

[iamback]

Besides, if you save a lot (gold, stocks or even whatever iamback would suggest), then you will be in great shape for almost any future.

If you do not own a gun, don't be a snob, go buy one or two!  Don't wait around!  And LOTS of ammo!  THREE times what you "think is enough".  My 3000 rounds for the AK isn't even enough "for a good firefight" my redneck friends tell me...

I entirely disagree and I don't think you are close to being prepared...

Farmland, some livestock, fruit, vegetables, weapons, precious metals, off-the grid power is the way. And as this blue ball spins its way to oblivion it sounds like the best plan for my family and me. Those that are not self-sufficient will end up relying on government handouts and have to be a slave of the nanny state. And she is one mean bitch.

Sorry none of that nonsense will help you.[2]

You better stop being a dinasour before it is too late.

The Knowledge Age is the only path forward. Technology and prosperity is how you win. Bunker, "man is an island", prepare for shootouts mentality is always a loosing paradigm.

[2]

http://ferfal.blogspot.com/2014/10/the-problem-with-many.html http://ferfal.blogspot.com/2014/11/dual-citizenship-why-is-it-so-important.html http://www.peakprosperity.com/podcast/84705/ferfal-heres-what-looks-when-your-countrys-economy-collapses http://ferfal.blogspot.com/2015/01/the-future-of-preparedness-and-modern.html http://ferfal.blogspot.com/2015/03/6-reasons-why-android-is-better-than.html http://ferfal.blogspot.com/2015/01/private-police-post-shtf.html http://ferfal.blogspot.com/2015/03/would-your-shtf-plan-be-leave-country.html http://ferfal.blogspot.com/2014/12/real-preparedness-facts-why-are-cities.html http://ferfal.blogspot.com/2014/12/pros-and-cons-of-living-in-backwoods-of.html http://ferfal.blogspot.com/2014/11/rural-crime-keeps-getting-worse-what-do.html Your don't need 3000 rounds of ammo: http://ferfal.blogspot.com/2014/10/worst-case-scenario-home-invasion.html

[Possum577]

Together these are quite simply the most insightful piece of economic theory I have ever read.

How much economic theory have you read, I think that's an important piece of information for me to use to decide if I should:

A) Read any further, and
B) Put any credit into your opinion that this reading is valuable.

I await your response.

I was an economics major for a year before deciding that the opportunity cost of that career track was far too high. I subsequently jumped ship to biochemistry and mathematics. I have a doctorate but it is not in a field related to economics.

I very much value my time and the time of others. If I did not believe the information was both unique and worth reading I would not have posted it.

Thanks for sharing your background. I'll check out some of the reading you've posted here and I appreciate you sharing what you know. I've found in the past that a lot of people on this forum make claims about economics or prices or industry without any real fact whatsoever, which is why asked about your credentials and expertise.

@iamback, my question was completely valid. If people are going to make serious claims about the decline of the economy or wide scale economic destruction and they're asking me (i.e., all of us) to read and consider those claims it's important for us to ask some questions regarding credibility. That's all I did, no need to get upset with me for it and don't be condescending either.

If someone preaching economic theory hasn't studied much economic theory in the past it's fair to assume that they may not know what they're talking about. That doesn't seem to be the case here, but I didn't know until I asked and CoinCube responded.