Martin Armstrong Warns Of 2016 Constitutional Convention

Tyler Durden's picture

Via Armstrong Economics,

A very interesting political development has taken place, but you can bet the Democrats will fight tooth-and-nail to prevent it. This week the state legislature of Michigan became the 34th state to demand a “Constitutional Convention” in the United States.  Pursuant to Article 5 of the US Constitution, if 2/3rds of the states call for such a convention, (meaning 34 states)  it MUST take place. We will see if this is actually honored. At the very least, there is no time requirement so this could be dragged out for years.

Nevertheless, in such a convention, the ENTIRE Constitution is subject to review and can be altered and changed. This could be everything from installing “social justice” to the dissolution of the federal government. Everything is on the table as if we were back in 1776 Philadelphia.

This is an unprecedented event to amend the U.S. Constitution emerging from the states. Normally, Congress proposes a bill to amend the Constitution as was the case with income tax. Keep this one on your radar – we are looking at the potential for real change good or bad.