go back and look at TPTB's posts since registering. they are filled with Armstrong references. does anyone see a problem with that?
i do; it's called lack of diversification. who worships just one guy all the time? no astute investor. that alone is cause for suspicion.
Have you not read my criticisms of Armstrong? iamback is me.
...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.
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 KnowledgeUnderstand 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.