Martin Armstrong Asks "Are We Headed Into Global Fascism?"

Tyler Durden's picture

Submitted by Martin Armstrong via Armstrong Economics,


Fascism has been a term applied to the manner of organizing a society in which a government ruled by a dictator/bureaucracy that is unelected or a republic with pretend “lifetime” politicians,  controls the lives of the people and in which people are not allowed to disagree with the government. Such systems have always placed the “good” of the state before the worth of an individual. The right to property is subject to constant search and seizure and courts only rule in favor of the state.

Berlin Wall

That was the closing days of Rome. It was also the Soviet Union and especially the East Germany with respect to organization. I went behind the Berlin Wall before it fell. You could not speak freely on the street but had to wait until you were alone.The Soviet Union was a Communist/Fascist State where you could not disagree with the government and they owned everything.



Government corruption may be at an all time high in history. I can find few periods where the state has hunted down its own people other than during the collapse of Rome. I have written about Maximinus who was declared Emperor by the troops and just consider them as government workers. Maximinus simply declared ALL PRIVATE wealth in the nation belonged to the state to pay the troops (government workers) so that government could retain its power. This was the first attempt at a Communist-Fascist State hybrid.

Italian designers Stefano Gabbana stands next to Domenico Dolce as they talk to the media during a party in Shanghai

In Italy, the famous Fashion designers Domenico Dolce and Stefano Gabbana were sentenced to 18 months in prison this week for keeping hundreds of millions of euros from Italian tax authorities offshore. When I say there is a worldwide hunt for capital that is destroying the world economy – this is NO JOKE! Politicians have spent whatever they like and then imprison citizens for not handing over whatever they demand. This is not democracy – it is totalitarianism. The have NO right to take money from people and criminalize refusing to pay unreasonable sums. People come together to form societies because a synergy emerges that creates an economy from the Invisible Hand that is larger than the sum of the parts. It has historically be VOLUNTARY. Government has abused its power and looks upon the people as a herd of unwashed wild animals for them to drive in whatever direction they desire for their own self-interest. They retain that power by preaching to the ignorant that they are NEVER the problem, it is always the “rich” who refuse to turnover everything they own so politicians can live high and mighty.

This is WHY Thomas Jefferson, Madison, Adams. Washington, and Franklin, just to mention a few, forbid DIRECT taxation. They experienced that the power to DIRECTLY TAX the people destroys the liberty of the people for once a direct tax is imposed, you must account for whatever you do, earn, and have. The future of the present and younger generations is being systemically wiped out and therein we will discover the seeds of revolution. Justice Samuel Chase wrote in Hylton v. United States – 3 U.S. 171 (1796):

The great object of the Constitution was, to give Congress a power to lay taxes, adequate to the exigencies of government; but they were to observe two rules in imposing them, namely, the rule of uniformity, when they laid duties, imposts, or excises; and the rule of apportionment, according to the census, when they laid any direct tax.

If there are any other species of taxes that are not direct, and not included within the words duties, imposts, or excises, they may be laid by the rule of uniformity, or not; as Congress shall think proper and reasonable. If the framers of the Constitution did not contemplate other taxes than direct taxes, and duties, imposts, and excises, there is great inaccuracy in their language.

Clearly, taxes had to be fair to the states being uniform and apportioned by population. Only Socialists argued that taxes should be higher on a percentage basis the more you earn. They see any uniformity as an inequitable requirement. Let we claim women should have equal pay to men and there should be no discrimination with respect to race of creed. So where does this “social justice” come from other than coveting your neighbor’s possessions simply because they has things you do not.

The early Supreme Court solved the dilemma, when key Founders were still
Justices sitting on the Court, by interpreting “direct tax” strategically so that no tax was direct if apportionment was unreasonable. That solution was doctrine for one hundred
years, and courts need to return to it. Clearly, taxes that were not uniform or disproportionate had no constitutional weight. So much for Obama, IMF and Piketty.

The Founders knew best. Any sort of direct taxation against an individual necessitates a loss of liberty, freedom, and rights. In the USA, you cannot be imprisoned for NOT paying your taxes. They imprison you for not telling them you owe taxes. This is the lawyer-politicians again and how they circumvent the fundamental principles of the constitution all the time. This is no different from locking-up people who protest by claiming they lacked a permit or walked on the grass. In Russia, they just lock you up and don’t bother to pretend you have rights. There is no real difference.

This hunt for taxation on a global scale is simply outrageous. They track $3,000 now, not billions.

A reader sent this in:


Hi Martin,
I just got a call from HSBC Jersey conducting a ‘risk assessment’.  They wanted to know why I had 6 different currency a/c’s & where all the money came from as well as how much money I earn in Asia & how I spend the cash.  The funny thing is I only keep GBP1,000 in the HSBC a/c’s anyway!!!!
I managed to speak to a ‘manager’ & asked if he knew how much HSBC were sued for last October, he had no idea HSBC even had a case brought against them.  Accordingly every expat is being interrogated as to what they use their money for while HSBC can continue it’s blatant misuse of funds.

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Bastiat's picture

Sloppy use of language to call all statism "fascism."   Fascism is characterized by the a marriage of big corporations and the state.  In USSR communism the state was all.  Neither form has any regard for individual rights and both in their extremes become Totlitarianism (Hanna Arnendt).  The insane goal of totalitarianism is the annihilation of the individual, as such.

Bill of Rights's picture

“A corporation, essentially, is a pile of money to which a number of persons have sold their moral allegiance.” -Wendell Berry

detached.amusement's picture

...and what do you call it when the biggest companies are in on the game with the government?  not fascism?

james.connolly's picture

Not just 'marriage', because the CORPORATIONS are owners of the GUBMINT, for the CORPORATION's the GUBMINT and the PEOPLE are CHATTLE.

It's always going to be this way, he that has the GOLD maks the RULES, the so called "GOLDEN RULE", that is immortal.

The CORPORATION by sheilding wealth allows an INDIVIDUAL to have the financial POWER of a million men, and thus a MILLION votes, and thus control a gubmint and everything. Then you toss collusion of many corporations, and you have absolute control of a country, then you have WORLD-COMPANY's, and the next step is to control the world.

Funny long ago FORD/ROCKEFELLER setup the UN, IMF and now they control the world's money, and almost all trade, funny how this works.

The USA/UK is the incubator of almost all FASCISM going back to Cecil Rhodes, read CARROL QUIGLEY, if you want to understand the HISTORY of how the white hairlip ( anglo-saxon ) took over the world, and made FASCISM universal.


mjazzguitar's picture

"...they "has" things you do not"?

Mr. Delicious's picture


the only question is 'who' will be giving the orders to burn books, snipe both sides of any protests, and send people to jail for making political documentaries  {a law which was over-turned by the Citizens United case....  and while money in politics is a huge problem, the fact that "progressives" think the 1st Amendment allows the feds to jail people for making a shitty political documentary tells me, anyway, that people have been groomed to accept fascism - you see it on left and right, but read the comments section to a Krugman column, or The Beard himself -  more government, more printing, and the reduction of all opposing points of view to "hate"...

Life would be shitty if the GOP were the only game in town, but if "progressives" ran the country unopposed, they'd be burning books and sending people to camps within a week.

james.connolly's picture

The biggest MYTH is that the world needs USA(FASCISM) no it fucking doesn't.

The CIA/NSA that's who, and who control's THEM? We don't know, that's a SECURITY SECRET.

Now all books are on KINDLE or some fucking APPLE device, and they can dissapear ( virtual burn ) a book anytime they wish, and they do and they have.

This entire thing is BULL FUCKING SHIT, the USA has been FULL 100% FASCISM since  the civil war under Lincoln.


Just yesterday PUTIN said "THAT GOOGLE IS THE CIA", why is ZH not post PUTIN's discussion?

Google (CIA) can pull any book, any time they wish.

Why does OBAMA let himself be fucked in the ass by other men and talk shit, but PUTIN tell his people the truth about GOOGLE? Yet in the WEST, we must read shit from ARMSTRONG designed to make people DUMB&STUPID; Mushrooms - Feed them shit and keep them in the DARK.


Is the world going to go FASCIST like the USA puppet client states? FUCK NO ARMSTRONG, the USA model of the world is going civil war and cannibalism and they will all fuck each other to death and each other and the rest of the world will not give any attention or care.

The biggest MYTH is that the world needs USA(FASCISM) no it fucking doesn't.


Kirk2NCC1701's picture

Maybe if you hade > $100k with that bank, they'd leave you alone.  And even treat you nice.  Banking, like so many things (justice, education and medical system) now has more than one layer. 

Deal with it and plan accordingly, or bitch, moan and curl up your toes.  Pick one.

Ariadne's picture

fuck computers

fuck the internet

fuck us

MWizard's picture

It is hard to call nowdays facism

Save_America1st's picture

The Armstrong-Doom has been getting a lot of play on ZH lately, huh?  Geez, I hope he's wrong...

But unfortunately I think he's mostly right in a lot of ways...mostly...

Jam Akin's picture

Saying he is right on his recent posts is a bit of a stretch.

NOTaREALmerican's picture

Just another hippy malcontent who hates the job-creators who made this country great, and the troops. 

youngman's picture

I am afraid the young people are part of the problem...they vote for all the freebies too...they have not made any money on their own they do not know taxes yet...but they do like to look cool in their Che shirts and fidel beards...they think stealing from the rich is okay...looting is good..and a Starbucks double latte is a right..

NOTaREALmerican's picture

Everybody loves the socialist scam they are living off of.   THAT'S not socialism, that's an investment in our children's future! 

BobRocket's picture

'simply declared ALL PRIVATE wealth in the nation belonged to the state'


So #JustStop paying tax


You can't tax what I don't earn, nor can you tax what I don't consume, you live by piggybacking what I create, you will starve before I do when I #JustStop.


In a consumer society, conspicuous non-consumption is a revolutionary act.




mark mchugh's picture

News flash: They're already taxing what you don't earn.  That's the beauty of deficit spending.  

GOSPLAN HERO's picture

The National Socialist German Workers' Party (NSDAP) was leftist, socialist and fascist ... a hybrid alternative to communism.

It was Brown Revolution versus Red Revolution.


NOTaREALmerican's picture

The best of both worlds.    The bible has the old-testament (kick-ass daddy) AND the new-testament (smothering-mommy).      You've got to have both as most humans are configured with kick-ass daddy or smothering-mommy brains. 

Fix-ItSilly's picture

Fascism is when the people serve the State.  Socialism is the flipside, when the State serves the people.  Neither should be placed on a pedestal.

NOTaREALmerican's picture

The problem with all the ISM is the bullshit the dumbasses believe about the percentage of asshole and sociopaths in society.

All the ISM except fascism can't handle assholes and sociopaths, because the assholes and sociopaths ruin everything (just as they did high-school).   But, fascism is the ISM of the assholes and sociopaths.  That's why the dumbasses who like Fascism DO like it:  they love being kicked in the ass by those they worship.

smacker's picture

"Socialism is the flipside, when the State serves the people"


GOSPLAN HERO's picture

I need drinks ... gin, vodka, whiskey ... now.

Mr. Delicious's picture

So I'm  "socialist" if I think income taxes, to the extent we're stuck with them, should be graduated such that people who barely have a pot to piss on pay a lower % of that income than people making hundreds of thousands?

Go fuck yourself with that nonsense.

John Adams was all about freedom and liberty and all that, until h wasn't - supporting bills to criminalize speech when the ink on the 1st was still wet.

The problem is, in large part, vested interests and power.  The more the Constitution was "interpreted" by, for the most part, wealthy and connected lawyers made judges, the more power the government had, and the more corrupt it then became.

For fuck's sake they gave the power to issue the currency to bankers, in direct violation of the spirit and letter of the Constitution - as a practical matter, a small group of European banking families, mostly Jewish, issues and regulates the American currency - and protecting that currency, and access to energy, and protecting and engendering Greater Israel... will require more and more of your labor and your blood.

Now the most profitable thing the rulers can do is start a war.

The US needs a revolution - hopefully a peaceful one - but from where I sit, the average American prefers faux security to liberty, and won't mind too much if theres another world war, so long as they are entertained, and have bellies full of Budweiser and cheeseburgers. 

I apologize for my repeated pessimism - but I think we're pretty far past optimism. The government and media lies about Iraq {inter alia} did not, for the most part, impact the thinking of Americans with regard to Syria, or Iran, or now Russia.

The best thing one might hope for now is an awakening in the US military - from Combat Control to the Greenies to the National Guard weekend grunts....  imagine if thousands went awol with their gear.....



Ghostdog's picture

You mean Benghazi wasnt all about a youtube video? Thanx Mr. D.... My whole reality has just been shattered.................................

Things that go bump's picture

Income tax makes everyone who works for a living a serf. A free man owns his labor. A serf only owns a percentage of his labor (not necessarily the greatest part), for which he is given certain benefits in exchange. That may or may not be considered a fair exchange, but it doesn't make you free, no matter how much they tell you that you live in the land of the free - that hasn't been true for nearly 100 years. A slave owns neither his labor nor his person (like someone in prison). There are, of course, gradients between these states.

samsara's picture

Learn about income tax.

It was slid in in 1913. What a coincidence. Same year as the Fed. It started as it always done, incrementally.

SInce The Fed gets paid interest on the money they print for us, They wanted to be sure they got paid.

And for gosh sakes, read The Creature from Jekyll Island.

NickVegas's picture

Don't forget the direct election of the Senate. That is an often overlooked piece of the big plan.

yrbmegr's picture

And others ask, "Who the hell is Martin Armstrong, and why won't he shut up?"  A guy who writes stuff like, "I can find few periods where the state has hunted down its own people other than during the collapse of Rome," is simply ignorant.  "The state" is constantly hunting down people who commit crimes.  It has actually been going on for centuries, in every square mile of the Earth.  Why won't he just shut up?

NOTaREALmerican's picture

He's an anti-hopium columnist.  

yrbmegr's picture

He certainly negates any hope I might ever have that he will ever shut up.

AchtungAffen's picture

The worst definition of fascism ever. Worst application too, you cannot apply modern political concepts to ancient civilizations. It's a huge methodological error.

trader1's picture


m.a.'s communication is written with an agenda and directed towards those who are most susceptible to brainwashing.

kurt's picture

One, Don't use your name in the article title.

Two, Even though you put a black background and white letters around your Fascism "definition" you're WRONG. I guess you never heard the corporate/government conspiracy definition.



constantine's picture

I think that Armstrong has an incredible grasp of history but everytime I read the guy, I'm left wondering what planet he is living on where he thinks that the rich are getting a raw deal.  Not only are the rich not being 'hunted down', they are enjoying the largest government wellfare program (QE) in the planet's history.

Quinvarius's picture

Armstrong cannot accept there will be no deflation.  So he makes up every excuse in the book on why it has to happen, just like it never did before.  He slaughters financial history and misrepresents it while making comparisons of a few modern events to push an agenda.  He can read stuff.  But he either doesn't understand the gist of it or purposely cherry picks one or two facts outside of historical context to weave an elaborate conspiracy.  I am so past that guy that his scrawlings actually annoy me. 

SmittyinLA's picture

what is this "headed" crap? 

The state already cost shifted TRILLIONS in bad private loans voluntarily made by foreign banks to illegal aliens unto American taxpayers.

That is the definition of Fascism.

paint it red call it hell's picture

Hey Armstrong,

Prior to getting out of the pen you wrote incessantly about your cycles work and how important that was in market predictions. You wrote how those programs were seized by government agency's.

What happened to all that work? I have not read a single sentence out of you on cycles since your exit from the pen. Is your release conditional to limiting that work or are your present OPINIONS devoid of that work because it never had value? Just what is your release conditional of?

I suppose all your financial advice to clients is no longer are founded the cycles work you previously made a career on. Predictions are now only based on educated guesses it appears.

Kinda like Gartman, eh?

I Write Code's picture 

The term fascismo is derived from the Latin word fasces. The fasces, which consisted of a bundle of rods that were tied around an axe, was an ancient Roman symbol of the authority of the civic magistrate. They were carried by his lictors and could be used for corporal and capital punishment at his command. The word fascismo also relates to political organizations in Italy known as fasci, groups similar to guilds or syndicates.

The symbolism of the fasces suggested strength through unity: a single rod is easily broken, while the bundle is difficult to break. Similar symbols were developed by different fascist movements.

smacker's picture

Armstrong's definition of Fascism is correct but it only applies to the societal effects of fascism. There is also the economic/financial/corporate side to it as we know very well: "corporatism". They go hand in hand but can be implemented at different rates, usually corporatism comes first.

Perimetr's picture

What is this Constitution thing, anyway?

proLiberty's picture

Fascism is a form of socialism, where economic decisions are controlled by political institutions. The difference being that instead of business being owned communally, business continues to be owned privately, but government directs business via the proxy of bureaucracy. Smart bureaucrats know what kind of rules the politicians in power want them to develop, refine and enforce.

The Treaty of Lisbon is one of the founding sources of authority for the European Union. This treaty states that the economic basis for the Union will be “social market economy”. As with all things liberal, he who gets to define the meaning on the words and terms controls the outcome of the discussion.

In this case “social market economy” means soft fascism. As the power and scope of the central government grows, so does the fascist bureaucracy and attitude of the governing class. We have the best example yet in the treatment of the accounts of savers in Cyprus, where the EU demanded that about 10% of account balances be seized in return for bailing out the remainder.


So, is the world headed for fascism? Europe already has it, the US is headed in that direction. China has an oligopoly within a Communist Party in name only that is busy optimizing its parasitical relationship with the Chinese people.

smacker's picture

"Are We Headed Into Global Fascism?"

In a word, Yes.

Coincidentally, I posted this comment only yesterday on the subject in another thread:

I often said back in ~1984 "Fascism is on the rise again. Only this time the fascists won't be wearing military fatigues and goosestepping. They'll be wearing Armani suits and dining in the best restaurants." What I see happening in 2014 is exactly that.

Caobei's picture

We are cutting social services and giving millionaires tax breaks, how does that fit into your algorithm?

honestann's picture

All these fancy terms are beside the point.  Either each of us controls our own time, body, mind, efforts and resources... or others do.  HOW those others pretend to justify their predatory actions is almost completely irrelevant, and certainly irrelevant in practice.

And the solution is always the same, namely self-defense.  I mean, seriously!  Does it really matter WHY a predator wants to lock you in a cage or kill you?  Focus on all these nit-picky details merely serves to distract and confuse, and thereby prevent individuals from taking those actions that solve the problems.  Namely, "just say no", followed by self-defense when "no" is not sufficient.