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Martin Armstrong Warns: "Everything Is Connected"

Tyler Durden's picture




 

We have written many times how everything is connected... Martin
Armstrong explains why is it so hard in the West to comprehend this
fundamental concept?

Submitted by Martin Armstrong via ArmstrongEconomics.com,

I think it is all part of the idea that we can alter society forcing it to do as we desire.

Politics is based upon this. Socialism is all about robbing one class to benefit the other.

There is no comprehension that everything is connected and this permeates analysis as well. This is not my personal discovery for many have seen these connections in Eastern Philosophies. I think in economics, politicians are not interested in such realizations for it means they are not the masters of the universe.

You take Obama’s policy against Russia. He has effectively been disrupting everything around Europe and the consequences are pouring in refugees to Europe and his sanctions have hurt European farmers and the economy. It is not deliberate, but it is reckless for there is no recognition of how everything is connected.

Every action has a consequence.

We have the Fed lowered rates to help the banks. But that crisis is over and the consequence has been to create the next crisis – the defaults of pensions and insurance companies that required high interest rates. So many regulations required pension funds to own government bonds. The regulations have set the stage for the next crisis.

We cannot escape this connectivity.

Whatever action we take has a consequence. It is impossible to manipulate markets and the economy for there will always be unintended collateral damage. We are living in the era that will bring about a collapse of socialism precisely as took place in communism.

Government is incapable of ever managing society for they cannot escape the inter-connectivity.

 

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Fri, 08/14/2015 - 10:01 | 6425679 buzzsaw99
buzzsaw99's picture

So many regulations required pension funds to own government bonds. The regulations have set the stage for the next crisis...

oh. fucking. bullshit. the crooked pension funds should be buying nothing but gubbermint bonds. as it is they buy garbage stocks and bonds from the maggots which go bad and require bailouts so the socialism is for the fucking kleptocrat maggots you fucking boot licking asshole.

Fri, 08/14/2015 - 10:03 | 6425684 SuperVinci
SuperVinci's picture

Armstrong is a tool. Scaremonger conspiratard. If you havent groked that yet...

Fri, 08/14/2015 - 10:07 | 6425692 nope-1004
nope-1004's picture

I agree.  I read his entries and am convinced he is a .gov agent under contract.

 

Read this and you'll puke at how obvious it is:

http://www.armstrongeconomics.com/archives/35913

But of course, I'm just a "fool" for thinking that interest rates are not a market.  Keeping interest rates artificially low is not manipulation, hey Armstrong?

The guy is spreading propaganda.  And anyone can be "right", even a so-called computer program, when you are on the same side of the cover up and corruption as .gov.

Socrates.... lmfao.  The entire story reeks of foul play.

 

Fri, 08/14/2015 - 10:10 | 6425706 liquid150
liquid150's picture

If you make a billion predictions, and most of them turn out wrong, but you never actually write about when you were wrong and claim your computer predicts everything that happens, after it actually happens...

are you a charlatan?

Yep.

Fri, 08/14/2015 - 10:20 | 6425736 Headbanger
Headbanger's picture

Not to worry.

The coming massive comet impact and ice age will disconnect everything again.

And all will be well..

Fri, 08/14/2015 - 10:20 | 6425740 mvsjcl
mvsjcl's picture

Martin's next bombshell: The sky is blue.

Fri, 08/14/2015 - 10:24 | 6425764 Crocodile
Crocodile's picture

Albeit a bit on the hazy side of blue with all those wonderful aerosols.

Fri, 08/14/2015 - 10:25 | 6425766 mvsjcl
mvsjcl's picture

Okay, okay, the sky is blue when the chem-trail planes are grounded.

Fri, 08/14/2015 - 10:23 | 6425761 pods
pods's picture

That picture should show the banksters holding a loan document and a gun to the head of J6P.

Socialism gets a bad rub, which I am pretty okay with, but bankers are the root problem.

Some fat lady with 8 kids gets the more visceral reaction, but in reality, it is an offshoot of the need to keep debt increasing.
Same with the MIC and bombing brown people around the world who wont take dollars for our oil.

Every action the government takes increases the debt.  Which the bankers need, due to exponential math.

pods 

Fri, 08/14/2015 - 10:15 | 6425712 greyghost
greyghost's picture

just another asshole out on early release. was becoming another stool pigeon a condition for early release. if the hedge wants to post article by crooks why not have guest articles by corzine....hell he got away with it. just saying

Fri, 08/14/2015 - 10:23 | 6425759 Crocodile
Crocodile's picture

The PPT was created in response to the 1987 market crash; it is designed to intervene in markets.

http://www.investopedia.com/terms/p/plunge-protection-team.asp

http://nypost.com/2014/10/20/plunge-protection-behind-markets-sudden-recovery/

Fri, 08/14/2015 - 10:23 | 6425762 Dr. Engali
Dr. Engali's picture

No PPT......, Lol, that's a good one.

Fri, 08/14/2015 - 10:06 | 6425697 kliguy38
kliguy38's picture

yup..........douchebag.....he gives you much truth.........and then gives you a key lie

Fri, 08/14/2015 - 11:01 | 6425851 messymerry
messymerry's picture

Whup, there it is...the essence of good propaganda. 

Pax Amerikana,

                                      ;-D

Fri, 08/14/2015 - 10:07 | 6425688 Winston Churchill
Winston Churchill's picture

Pretty reticent of you, tell us what you really think.

Fri, 08/14/2015 - 10:12 | 6425718 greyghost
greyghost's picture

WINSTON.......armstrong=convicted felon.....now behave yourself....lol

Fri, 08/14/2015 - 11:23 | 6425960 JR
JR's picture

some 50% of all US pension fund assets are invested in stocks and only 20% in Treasurys. This compares to less than 10% for Japan… -- Zero Hedge, Why The Fed Can't, And Won't, Let The Stock Market Crash, Aug 16, 2014

Buzzsaw99, it doesn’t make any difference where you invest when all markets are manipulated by the bankers. When the Fed owns the market it wants everybody in and it will take savers and pension funds alike.

It’s all a power grab trap, designed by the Fed, the international bankers, in their “damned if you do and damned if you don’t” market for the masses. Pension funds suffered large losses during the last financial crisis “due to declining stock prices and falling real estate values” and now, they’re suffering large losses due to Fed downward-manipulated interest rates stuck in a low and narrow range on bond yield.

It was the banking lobby that channeled funds from pensions and savers from lower-risk safe havens into the financial sector’s higher risk danger zone of equities and corporate bonds and it is the bankers, again, who’re raping pension funds and savers after chasing them back into what’s become a Fed-designed high-risk bond market.

In the 1940s, if my recollection of history is accurate, pension funds could invest no more than 6 percent in the stock market; it was considered gambling and, therefore, of too high risk for such funds. But markets were real then. Now everything is high risk because the Fed controls and micro-manages the markets. Thus, it can be said that the Fed deliberately has put the future of everyone – except the insiders -- at high risk, even savers, and one has to ask, Why?

Fri, 08/14/2015 - 10:02 | 6425686 NoWayJose
NoWayJose's picture

Waiting, watching, and hoping...

Fri, 08/14/2015 - 10:02 | 6425687 liquid150
liquid150's picture

Well at least loony toons Martin is right about one thing: the incompetence and idiocy of governments and their pretend economists.

Now if only he'd make a coherent prediction which wasn't papered over with BS.

Fri, 08/14/2015 - 10:05 | 6425689 JustObserving
JustObserving's picture
"Everything Is Connected"

Could you get more obvious? I could have sworn everything happens in a vacuum until Armstrong corrected me.

Fri, 08/14/2015 - 10:07 | 6425702 Winston Churchill
Winston Churchill's picture

Sounds like a bad acid rant.

Fri, 08/14/2015 - 11:01 | 6425860 FreeMoney
FreeMoney's picture

He forgot to include "and all other things remain constant".

 

Fri, 08/14/2015 - 10:08 | 6425704 kliguy38
kliguy38's picture

watta scumbag ....when he came out and monkey hammered gold with his absurd analogies it was clear

Fri, 08/14/2015 - 11:47 | 6426054 JR
JR's picture

The obvious isn't always obvious to everyone; especially to economists who can't prioritize. In his famous essay “What Is Seen and What Is Not Seen,”  Frederic Bastiat wrote: 

  In the economic sphere an act, a habit, an institution, a law produces not only one effect, but a series of effects. Of these effects, the first alone is immediate; it appears simultaneously with its cause; it is seen. The other effects emerge only subsequently; they are not seen; we are fortunate if we foresee them.

 There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen.

 Yet this difference is tremendous; for it almost always happens that when the immediate consequence is favorable, the later consequences are disastrous, and vice versa. Whence it follows that the bad economist pursues a small present good that will be followed by a great evil to come, while the good economist pursues a great good to come, at the risk of a small present evil.

http://www.econlib.org/library/Bastiat/basEss1.html#Chapter%201

Fri, 08/14/2015 - 10:04 | 6425690 JLO
JLO's picture

Aristotle failed !!!!!

Fri, 08/14/2015 - 10:09 | 6425711 vq1
vq1's picture

Everything is disconnected. 

 

At least in America. Most of us have no idea what is going on around the world, what our government is doing around the world and its effects. We figure out so many ways of seperating ourselves. Repub, demo, poor, rich, religion, gender, race, nationality, region, state, sports team alignment. In NY you constantly step over homeless people and are expected to ignore them. 

Fri, 08/14/2015 - 10:13 | 6425719 GeorgeGould
GeorgeGould's picture

To all the Martin Armstrong-bashers here: he is very critical of governments on a daily basis. If there's anyone in the world who demolishes their destructive policies, it's him. The failure of the euro is only one example.

Fri, 08/14/2015 - 10:26 | 6425767 pods
pods's picture

I really wouldn't call penning what we all know "demolishing."

Math > Armstrong, not the other way around.

pods

Fri, 08/14/2015 - 11:32 | 6425979 nope-1004
nope-1004's picture

The best cover up for an operative is to bash the employer, in this case .gov.  Now who in their right mind, after being convicted by said government, would go ahead and bash it publicly through regular daily blog posts?  Is he on a suicide mission?  Does he want to go back to jail?

If you spent time in prison for being on the wrong side of government policy, wouldn't you stay quiet about it after release?

The whole thing stinks.  And this computer program that exists is either worth billions (which those that programmed the source code would either run with it or be killed for writing it, or it would have had to be the felon himself that wrote the code), or Socrates is a complete fraud in the name of public persuasion that .gov (you know, the Clintons and Bushes) is honorable and not gaming the markets.

To me, regardless of Armstrong, .gov has to game the market because reserve status depends on international compliance.  Compliance can either come by way of force (which we have seen and has been proven) or by nefarious computer spying and espionage (which, according to Germany, has also been proven) as a method .gov has used.  Why would markets be any different?

Once the cat is out of the bag that .gov is nothing but a corrupt entity, exporting inflation and deliberately stunting human advancement in developing nations through its own gross and selfish policies, then the world turns on it and kaboom.  That day approaches.

 

Fri, 08/14/2015 - 10:13 | 6425720 q99x2
q99x2's picture

What I hope for is that since there are now more billionaires than ever that they and those with lessor wealth will get together to make things work despite the madness of the over-ruling aristocracy. Things will work out for the betterment of all if people work together to come up with real solutions. I have my ideas about a 10,000,000 cap on the wealth of individuals which includes corporate ownership. But that will not happen unless their is a complete reset with worldwide destruction. I don't expect those in control will give up what they have. But educated societies have fewer children and higher employment generates greater revenue so I should think that there is some kind of solution that will be available for a world of zero growth that has not been tried yet. We are on our way there now if we don't explode first.

Fri, 08/14/2015 - 11:13 | 6425909 michelp
michelp's picture

"Things will work out for the betterment of all if people work together to come up with real solutions."

Time to move from capitalism to Cooperativism.

m.

 

Fri, 08/14/2015 - 10:14 | 6425724 Well Hungarian
Well Hungarian's picture

He laboratory on and on about how markets aren't rigged and if you think they are you are a conspiracy theorist. Then in the next breath he states his arrest and conviction for fraud and embezzlement were because the justice system is rigged and the government wanted his program. I e-mailed him to ask what size tinfoil hat HE wore. No response so far....

Fri, 08/14/2015 - 10:14 | 6425725 Justin Case
Justin Case's picture

Hi my name isn't Martin Armstrong, but I like most people that read about what is happening already know how the dots are connected.

This guy is a twerp and I hate his whiny voice.

Fri, 08/14/2015 - 10:15 | 6425727 shovelhead
shovelhead's picture

Pull my finger...

See?

Connected.

Fri, 08/14/2015 - 10:17 | 6425728 ian807
ian807's picture

Pure socialism is folly. Pure capitalism is folly.

Only a problem-solving oriented mix of government intervention and unregulated economic activity has any hope of long term viability.

Example: Health care

Regulation: Enforce up-front price transparency before treatment. Fees would be known beforehand and unchangeable.

Deregulation: Allow the import of drugs from anywhere in the world. Allow the purchase of insurance from anywhere in the country or the world.

Result? Consumers and insurance companies know the prices ahead of time and shop around for the best deal. Drug companies are forced to compete in an unrestricted world market. 

Regulation and deregulation. Together, they can solve real world problems. Only ideology prevents both strategies from being used for a single purpose.

Fri, 08/14/2015 - 10:15 | 6425729 GFORCE
GFORCE's picture

The nonsense in these comments is eye-opening. So Martin, who slates Goldman, slates Hillary, slates Barack, is a member of the establishment? Do you even filter your own thoughts and bullsh*t? 

You all hate Armstrong because he disagrees with the gold bulls and here's the rub- MA was 100% right and all you douchebags were the sheeple bagholders lapping up the propaganda and 2d analysis of Sprott,Faber etc. The coming market events will eat you alive.

 

Fri, 08/14/2015 - 10:20 | 6425743 GeorgeGould
GeorgeGould's picture

Exactly. Though I like gold and silver, keeping an eye on the reality outside of them is urgently needed. He will be proven right on many issues in the coming period.

Fri, 08/14/2015 - 11:31 | 6425997 Lookout Mountain
Lookout Mountain's picture

Thanks for pointing out that the world is not one-dimensional. I don't agree with Armstrong concerning gold, but his analysis otherwise is astute.

Fri, 08/14/2015 - 11:56 | 6426079 Bay of Pigs
Bay of Pigs's picture

I guess you the missed the part about factual and historical accuracy on Marty's claims? Why attack gold and silver holders for pointing the truth on his false and misleading statements?

Try to stay on point. Nobody here brought up Faber or Sprott, just you did.

Fri, 08/14/2015 - 10:46 | 6425823 Reichstag Fire Dept.
Reichstag Fire Dept.'s picture

What is Armstrong right about regarding the markets if gold isn't going to be the winning Counterparty  to a market crash?

Fri, 08/14/2015 - 12:47 | 6426338 Bluz
Bluz's picture

How can you fall for this bull shit?  I'll check back with you and we can watch him on the big screen together when he is the star of American Greed.

Fri, 08/14/2015 - 12:47 | 6426340 Bluz
Bluz's picture

How can you fall for this bull shit?  I'll check back with you and we can watch him on the big screen together when he is the star of American Greed.

Fri, 08/14/2015 - 10:17 | 6425733 Reaper
Reaper's picture

The simple minded believe everything is one dimensional. Either more, or less, or stay the same. The major qualification for a central planner is espousing the dogma. The sheeple crave some uebermensch, or god(s), or destiny to predict and control the future.

There are more dimensions than those ordinarily perceived. We cannot even see the ultraviolet patterns on plants. http://www.naturfotograf.com/UV_flowers_list.html
Who selects the planners? Can the ignorant chose the wise?

Fri, 08/14/2015 - 10:19 | 6425734 Ms No
Ms No's picture

I completely agree that even in normal circumstances things are interconnected but this circumstance is not normal.  Globalists have contrived to create a level of inter-connectivity that weakens all sovereignty, we can now be collectively punished.  They were clearly on this path when they deindustrialized the US.

There seems to be a global refugee crisis brewing.  There are huge movements in South America, Central America, Mexico, Europe, Syria and the Sudan.  People are even arriving in Greece of all places in large numbers.  These assholes are destabilizing everything while leaving borders porous.  Imagine the situation in Greece when you are struggling to pay for your own and masses of people start showing up.

Didn't some general make a statement recently, something to the effect that there would be strategic mass movents within the US that should be prepared for?  I know those are unlikely to be the exact words but I know I came across something to that effect.

 

Fri, 08/14/2015 - 10:20 | 6425738 Crocodile
Crocodile's picture

The PPT was created in response to the 1987 market crash; it is designed to intervene in markets.

http://www.investopedia.com/terms/p/plunge-protection-team.asp

http://nypost.com/2014/10/20/plunge-protection-behind-markets-sudden-rec...

Fri, 08/14/2015 - 10:21 | 6425744 joak
joak's picture

I'm just wondering in what the Fed fueling asset prices in the benefit of Wall Street has to do with socialism. Ok we have issues to solve re statism, but given the transformations that occured in production (robotization, computerization), "socialism" aka redistribution of wealth will be mandatory at some point. There is no work for everybody, so how can the people who cannot will survive ? I'm always in the middle of the 2 camps, the "socialists" and the "capitalists", trying both to provide simplistic and ideological explanations and solutions for complex problems. 

Fri, 08/14/2015 - 10:42 | 6425810 indygo55
indygo55's picture

It is hard to think it but the reality of these masses moving into Europe and the US is where will they get food to eat. The world is 9 meals away from total chaos. There are thousands of people being detained in camps Turkey right now with no food, bad water and no shelter. And they keep coming. My town in SW Florida is being flooded with Spanish people who, after walking around my neighborhood, appear to be living in homes that were empty for the last several years. They have magically been fixed up, painted, power turned on. Families numbering 5,6,7 people, all new families. All spanish. Walmart is flooded with all new all spanish speaking families with lots of kids. They speak no english. The check out workers all speak spanish. Three years ago none or little of this existed. If the system goes down who will feed them? Do they all get free EBT cards? I think they do. But if the system goes down will be food riots and THAT will cause the tearing of society. 

Fri, 08/14/2015 - 11:19 | 6425935 IndianaJohn
IndianaJohn's picture

indygo, bingo! No changes will come until there is widespread hunger. It is possible that we will be so degraded by then that people will simply starve to death without lifting a hand, as they do in the shit-piss countries.

Fri, 08/14/2015 - 10:42 | 6425811 chunga
chunga's picture

The "ism" sorely missing from the lexicon is "fraudism". All the others are nested inside.

Fri, 08/14/2015 - 10:21 | 6425748 Son of Captain Nemo
Son of Captain Nemo's picture

If you're in the great State of Virginia...  Tell Senator Mark Warner what you really think of him!

I have this feeling that his closed door meetings have something to do with the Secretary of States unusual admission about going to war with Iran linked to America's "Reserve Currency" status  and Sector III!

Fri, 08/14/2015 - 10:22 | 6425753 Hohum
Hohum's picture

Yep, socialism is going to collapse.  Unfortunately, capitalism (we must expand!) is going to die, too.  If it hasn't already.

Fri, 08/14/2015 - 10:31 | 6425781 smacker
smacker's picture

And out of the ashes of socialism and capitalism we have the new 21st century Fascism arising.

Fri, 08/14/2015 - 10:52 | 6425832 Liberty2012
Liberty2012's picture

Forced fiat and Cental planning and Big government are not Capitalism.

Capitalism requires freedom.

Fri, 08/14/2015 - 10:22 | 6425754 CarpetShag
CarpetShag's picture

Cut the bullshit* Mart, and just tell us what your Commodore C64 computer program predicts for the Crimex gold price on Sept 1st 2016

*stopped reading at:
" It is not deliberate, but it is reckless for there is no recognition of how everything is connected"

Jeez and this crap makes the main column of ZH, they must be desperate

Fri, 08/14/2015 - 10:22 | 6425755 CHC
CHC's picture

Thank you Martin Armstrong for the shortest article ever written!

Fri, 08/14/2015 - 10:22 | 6425756 Dr. Engali
Dr. Engali's picture

"You take Obama’s policy against Russia. He has effectively been disrupting everything around Europe and the consequences are pouring in refugees to Europe and his sanctions have hurt European farmers and the economyIt is not deliberate, but it is reckless for there is no recognition of how everything is connected"

 

Sorry Martin, you're wrong as usual. It is deliberate. It's all part of the plan to destabalize the globe and create as much misery as possible..

Fri, 08/14/2015 - 10:26 | 6425769 poland spring
poland spring's picture

All "-isms" collapse including capitalism back in 2008.

Fri, 08/14/2015 - 10:58 | 6425849 Liberty2012
Liberty2012's picture

A word is just a description.

What you're actually saying is all things collapse and you don't care. You will die one day, so that means life has no value.

Why not try try appreciating something once in awhile?

Fri, 08/14/2015 - 10:28 | 6425774 Calculus99
Calculus99's picture

He's making a massive call for impending financial doom (massive doom, not just normal doom). And it all starts this October and will ast for several years. 

Who know if he'll  be right or not, but if he is, then it will probably be one of the best calls, ever!

Let's see, tick-tock, only 47 days to go... 

Fri, 08/14/2015 - 10:35 | 6425778 falak pema
falak pema's picture

Hahaha, in the age of Oligarchy neo-feudal, aristocratic dystopia, we still bash the theme of "socialism"...

Feudalism is all about one landlord butt bashing his neighbour and raping his serfs...there, more like it in today's world!

I don't know where this guy sees "socialism" in a construct that bows to Ronnie and MAggie, as the ORIGINAL neo-con catholic kings of Oligarchy markets.

If you guys could look outside your own rosy reds you might see the light.

But you can't make a mule drink even if you pull him to the trough.

Denial is such a sweet dream for people scared shitless to open their eyes to contemplate the Medusa's head of their own making.

Play on Libertarian false noses of "free markets" and freer prejudice. Donald Duck Trump seems to be your new hope of stateless Pope-Trumpistan.

The day you realise that those markets are now Medusa's head maybe you will want to contemplate what your own kind made and whose contemplation might kill your love in "greed is good" market mania.

Meanwhile at the DC ranch Hopalong Al Gore, the matador of global warming, contemplates about "riding out", all guns ablaze!

We are in a Last train from Gun Hill movie.

Fri, 08/14/2015 - 10:44 | 6425815 spooz
spooz's picture

"Free markets" are how globalists sell their agenda to rob nations of their sovereignty.  Its why trade agreements must be kept secret, so the people are kept in the dark until the dirty work is done.

Fri, 08/14/2015 - 11:03 | 6425866 Liberty2012
Liberty2012's picture

True, a con involves calling things by the opposite name.

Fri, 08/14/2015 - 10:31 | 6425780 Calculus99
Calculus99's picture

Sure, he was right on the Gold call, but didn't he say last summer that Crude was going a lot higher just before it collapsed? I think he did but then that was soon forgotton of course.

Not hard to get calls right, just make a load of them and you will be right on some, even a monkey will be right. Then let everyone know which ones you called correctly.   

Fri, 08/14/2015 - 10:37 | 6425788 Dr_Snooz
Dr_Snooz's picture

"Socialism is all about robbing one class to benefit the other."

Newsflash: so is capitalism. They just rob in different directions.

In all of human history, there hasn't been a civilization that wasn't based on predation of one class by another. There have always been slaves, or peasants, or vassal states, or colonies getting raped to enrich the wealthy. Please discard these tired fairy tales about supposedly "free" market capitalism. It was never free and never will be.

Fri, 08/14/2015 - 10:51 | 6425828 Chipped ham
Chipped ham's picture

The difference is force. You fail to note that. If you and I enter into an agreeable transaction and I fleece you, buyer beware. If the government takes from me to give to you, I have no recourse.

I'll take "evil" capitalism for $200 Alex.

Fri, 08/14/2015 - 11:29 | 6425971 spooz
spooz's picture

When force means being exploited to put food on your table, like the capitalist company town model, that is paternalism.  Its a form of social engineering that results in less freedom.

Fri, 08/14/2015 - 10:38 | 6425799 Liberty2012
Liberty2012's picture

I'm not convinced that "it is not deliberate".

People using force are very well aware how everything is connected. They just expect someone else to clean up the mess. They don't care about the consequences.

However, there are those who don't realize they are using force. The con game of forced fiat fractional reserve draws a veil over the forced aspects: loss of choice is as much a theft as well as outright fraud.

Theft of choice is theft of life. Nothing good exists without free will.

Fri, 08/14/2015 - 10:39 | 6425803 Sturm und Drang
Sturm und Drang's picture

Not sure which is more desperate here, Martin or Tyler(s).

Fri, 08/14/2015 - 10:41 | 6425807 Species8472
Species8472's picture

What does Martin think about tattoos?

 

Fri, 08/14/2015 - 14:26 | 6426757 Scooby Doo
Scooby Doo's picture

Why do you want to know?  

 

Fri, 08/14/2015 - 10:50 | 6425827 BlackSwanCrash
BlackSwanCrash's picture

Armstrong's mouth sure ain't connected to his brain lolz

Fri, 08/14/2015 - 10:54 | 6425838 outlaw.guru
outlaw.guru's picture

Blaming socialism for errors of capitalism as usual. Young capitalism is the best system of governing and economics, but when it gets old socialism is the only thing that saves it from creative destruction and this is why .gov and .bnk allow it. But let's take a look at what socialism Armstrong is talking about. Socialism is meant to be redistribution of wealth to poor, taken from top 10% who own 97% of wealth. Instead Armstrong is saying that socialism in which the top pays close to nothing, 40% in the middle pay for almost everything including the resources used for poor, rich and themselves is bad. Socialism which enriches banks, Wall street. Just try getting  some of the wealth redistributed to lower 90% from the top 10% and US will see the greatest growth of Main street since 1970. Apple to the stars, Intel to the moon. But no, Armstrong is blaming poor for being poor, and rich for daring to pay taxes.

Fri, 08/14/2015 - 11:09 | 6425891 Liberty2012
Liberty2012's picture

No.

Socialism requires taking.

Capitalism requires trading.

One has two parties reaching agreement.

The other one uses force.

It's very simple: force or agreement.

I choose agreement.

Fri, 08/14/2015 - 11:21 | 6425948 spooz
spooz's picture

Capitalism requires "free" trading, on a global basis.  So, no protections for any sovereign economy, the few become economic royalists, the rest, interchangeable global worker units to be exploited and used up. Agreements between oligarchs won't change that.

Fri, 08/14/2015 - 16:54 | 6427396 Jersey_Mountaineer
Jersey_Mountaineer's picture

While it may or may not be true that Armstrong doesn't know the true definition of socialism, you sure as shit don't have a clue what capitalism is.

Fri, 08/14/2015 - 10:56 | 6425844 eeaton
eeaton's picture

Today he writes that the PPT does not exist

Fri, 08/14/2015 - 11:02 | 6425864 IndianaJohn
IndianaJohn's picture

Since he got out of jail 4 years ago, Armstrong has been describing the Dollar as an irreplaceable currency. Well he is a jew.

Fri, 08/14/2015 - 11:48 | 6426055 Hope Copy
Hope Copy's picture

(Bloomberg) -- Martin Armstrong is a self-taught economist who is ... be associated with a convicted felon no matter how useful his theories.  (google search)

As for doing securities fraud, well the criminal element is truly the most capitalistic and Armsrtong shows us that his heart (movement, expression, physical writings) and mind (theories) are still there.. send him to Iraq, he is still a capitalistic 'shooter' and if he gets captured, well they most certianly cut off his head.  Martin needs to 'play' by the ultimate capitalistic rules.

Fri, 08/14/2015 - 12:16 | 6426181 JR
JR's picture

The reasons given for not accepting Armstrong's important logic in no way diminish its truth: neither his past, his associations nor, might I add, Bloomberg's revelations found in your Google search.

Martin Armstrong’s unique and excellent definitions of capitalism, socialism and communism, for instance, are repeated below: I've never heard anything like them. Give me Armstrong over Bloomberg and Google or Nobel Prize Krugman any day of the week.

Martin Armstrong:

“The business cycle is critical to understand.

“The difference between Capitalism and Socialism is simple. Capitalism is where you are free to decide what you do with your money, and Socialism is where government orders you what to do with their money, which you earn.

“The difference between Communism and Socialism is clever. The former “owns” everything and the latter you own it but they tax it and if you cannot pay the tax they take it.

“Socialism/Communists try desperately to paint capitalism as the benefit of the greedy rich. People see the bankers as manipulating government but this is not inherent in capitalism, that is the corruption that infects all republics. A republic ALWAYS devolves into an oligarchy, which is not freedom and is not capitalism. Russia moved from communism to oligarchy and that is why it did not really boom as did China, which moved to capitalism.

“For capitalism to work historically, it must embrace freedom and that can ONLY be accomplished by a true democratic system. Once you have career politicians who are elected perpetually, that opens the door to oligarchy. If China has a political class of professional politicians  who do not need money to get reelected, then this defeats the oligarchy evolution for they do not require money to maintain power.

“The elections of 53BC in the Roman Republic saw interest rates double because corrupt politicians had borrowed so much money for bribing votes. This is the oligarchy tendency that destroyed the Roman Republic.”

   --  Zero Hedge, Capitalism-Socialism-Communism: "A Republic Always Devolves Into An Oligarchy," Submitted by Martin Armstrong via Armstrong Economics blog

Fri, 08/14/2015 - 11:04 | 6425872 Inbetween is pain
Inbetween is pain's picture

Tyler, by promoting Armstrong you're just helping him foster his next Ponzi scheme on another group of people. Armstrong is a convicted felon, a sociopath and an idiot who sometimes calls himself Dr. Armstrong, but never graduated college.

Fri, 08/14/2015 - 11:25 | 6425975 Lookout Mountain
Lookout Mountain's picture

"Convicted felon" in today's world may be the best complement you can give him. It's certainly meaningless in a system with out any true form of justice. Anyone familiar with his past will more likley recognize him to be a solider of liberty.

Fri, 08/14/2015 - 12:34 | 6426256 Inbetween is pain
Inbetween is pain's picture

I'm sure all the people he ripped off consider him a soldier of liberty. Are you a con man too?

Fri, 08/14/2015 - 11:07 | 6425882 dexter_morgan
dexter_morgan's picture

People will not see what they do not want to see. Take the new influx of Huffpo rejects on this site - they are still clinging to their failed marxist philosophies and blaming capitalism (something not practiced in US now, and perhaps maybe ever) for the upwards distribution of wealth we have seen in record numbers under Obama. So, either the Obama administration if the greatest group of free market capitalists the world has ever seen, making the rich richer, or they are what they really are - socialists - and what we are seeing is what we always see under socialism. Carnage and destruction, which is only just starting to pick up speed here.

You can not have capitalism without liberty and freedom, and that (freedom and liberty) has been being systematically destroyed since probably 1792 by the statists that did not get their way with the constitution.

Under capitalism I cannot force you to overpay me, and the value of something is what someone is WILLING to pay for it. BIG BUSINESS is also anathema to capitalism because for big business to thrive it takes the help of government to squash the free-enterprise system and reduce or eliminate their competition. Once you get government involved in the economy to that extent is is no longer a free market capitalistic free enterprise environment.

Fri, 08/14/2015 - 11:14 | 6425906 spooz
spooz's picture

Under capitaism, "free markets" will continue to rob our citizens of living wage jobs as cheap foreign labor is substituted for honest work. How can you avoid BIG BUSINESS from becoming oligarchy in a "free market" system?  What will keep oligarchs from turning us into global worker units, to be disposed of if they fail to produce as demanded by the corporate masters? What is to keep monopolists from crushing competition with their money and power?

Fri, 08/14/2015 - 11:19 | 6425937 dexter_morgan
dexter_morgan's picture

through competition and inability for businesses to buy the politicians. Also need to get rid of central bank, forgot to mention that.

You cannot mandate a living wage through government, why can you not see that?

Fri, 08/14/2015 - 16:30 | 6426233 spooz
spooz's picture

Not really interested in going back to a feudalistic society ruled by oligarchs.  I like the idea of a democracy, where the government provides a safety net in interest of the common good.  I also would like to see regulation that handicaps the globalists, in favor of businesses that are willing to provide living wages.  If we had more socialism, like Medicare for all, it would take some of the burden off business to provide a wage that covers the basic needs of citizens. Maybe we could reduce our per capita spending on healthcare by half, to be on a par with the rest of the developed world who has figured out that universal care is the best system.  Add to that a reduction in our military colonialism, with a new emphasis on self defense of the homeland instead of imperialist globalism, and we could find a lot of extra money floating around to help fund it.

http://www.tomdispatch.com/post/176033/best_of_tomdispatch%3A_chalmers_j...

Oh, and I also would like to see the end of central banking in its current form.  I'd like to see its functions incorporated into the Treasury, which could issue debt free fiat in the form of a Citizen's Dividend (Basic Income Guarantee), which would add liquidity and demand to our system while addressing the problem of growing inequality. Also, postal savings banks, which would provide risk free storage for fiat, out of the banksters hands.  

Fri, 08/14/2015 - 11:20 | 6425945 Liberty2012
Liberty2012's picture

Thank you Dexter ;)

Fri, 08/14/2015 - 12:54 | 6426377 JR
JR's picture

for big business to thrive it takes the help of government to squash the free-enterprise system and reduce or eliminate their competition.

Excellent commentary, dexter, very well phrased. It’s obvious to everyone that America is awash with socialism, the welfare state, Third World immigration running wild on EBT cards and welfare perks, and Big Business moving jobs away and bringing lower-cost foreign workers in. And everywhere, the bankers are stealing every dime that can be pried away from America.

The only amazing aspect is why these bloggers, some from HuffPo, some trolls, and some banker-paid propagandists are interested in destroying one of the greatest economic miracles the world has ever seen. Are their lives so vacant that they would pull down the country just to loot the system?

And all the while, the government uses Newspeak to confuse the minds of the unwashed:

“Language, human being’s most magnificent creation, remains one of the great weapons, or tools, employed by governments to justify or hide their actions (Keith Ferrell, George Orwell: The Political Pen).

Hence the confusing of capitalism with socialism – and a socialist taking the lead in the presidential polls.

Fri, 08/14/2015 - 11:39 | 6426009 Hope Copy
Hope Copy's picture

When it becomes trully connected the 'system' will be socialistic, or like a balanced environment of bacteria in a petri dish, but we are not there.  Capitalism is the mechanism of back and forth that ravages the populations in the petri dish and can cause wide flucuation.  It is the object of good government to put restraints on the ability of those that are 'better connected' to not devitate those not as fortunate as that there is a balance that makes ther regulators affordable to themselves and to those they regulate.  The system breaks when the 'oligarhs' (more connected and able) or the regulators (government) take to much, as it devistates the relatively closed environment and causes failure for all (not nessasarily total failure, but in this day in age it can go that way; nuclear war).

 

ULTIMATELY SOCIALISM WINS OR THE ENVIRONMENT IS DESTORIED  (,but the Capitalist can argue that the world will become boring without their chaotic 'discovery' system).

CAPITAILISM is for an OPEN SYSTEM,

.. and will be regulated to SPACE EXPLORATION (Musk is on the right track).

 

Every system has it's place and time.

Fri, 08/14/2015 - 11:46 | 6426053 gcjohns1971
gcjohns1971's picture

"like a balanced environment of bacteria in a petri dish"

 

So...

You mean, like, when they're all dead, right? 

Because there is no other balanced condition in a petry dish or in any other biological system.

That's why all this environment talk makes no sense at all.  Every environment that has ever existed anywhere has been destroyed.

They only constant is change, or death.

 

I think we can see which one you are aiming for.

 

Fri, 08/14/2015 - 11:40 | 6426032 johnlocke445
johnlocke445's picture

Give me the ability to print as much money as I want and I can manipulate any market in the world.

Fri, 08/14/2015 - 12:03 | 6426103 David Rockefeller
David Rockefeller's picture

Naivete

There is a strand of gullibility running through some of the comments on this page.  I know nothing about Armstrong, and certainly despise his over-confidence.  No one can tell what's coming--it is just a matter of probabilities.  The system is just too complex and too manipulated to talk about cycles and such. 

But, I do know this:  The Amerian justice system is utterly broken.  The fact that a man has been convicted often means nothing, or less than nothing.  In Armstrong's case, it means less than nothing, for he accepted arbitrary arrest and imprisonment for many years, proudly standing up for what he believed to be truth and justice.  In more general terms, I could start now, and end tomorrow, writing a list of American "felons" who were in fact framed and should be viewed as either innocents or heros.

P.S.: Apologies to Lookout Mountain, for overlooking his perceptive comment when writing mine!

Fri, 08/14/2015 - 13:08 | 6426437 JR
JR's picture

Armstrong was a hero to Nathan A. Martin of Nathan’s Economic Edge – one of the most honest and insightful economic sites that has ever existed (on hold since March 26, 2012, when Nathan decided to dedicate full time to his career). Thanks for your thoughtful comments, bringing a much needed balanced view here of the man, Martin Armstrong.

http://economicedge.blogspot.com/

Fri, 08/14/2015 - 12:55 | 6426299 Bluz
Bluz's picture

As I see it, he has changed his gold prediction since he was in prison with other felons.  His current prediction I think is that gold could drop as low as $681 and then go to $5,000. He uses a lot of ink calling gold "bugs" ignorant. Here is the problem, gold "could" drop $300 and gold "could" go up $4,000. These are his numbers. How long "would" gold stay at $681? How easy would it be to buy gold at $681? Lasty Martin, Who is ignorant here. I have watched every episode of American Greed. I'm guessing that his episode will be his next movie. He so fits with his bs.

Fri, 08/14/2015 - 13:10 | 6426446 lasvegaspersona
lasvegaspersona's picture

The hungry collective with the gun should be in blue. The guy who just got paid should be in red.

Fri, 08/14/2015 - 19:01 | 6427719 barroter
barroter's picture

The wealthy wouldn't last a DAY w/o gov't. How else can they gain favoirable tax policies, rig the market and get subsidies if  they're not allowed to socialize their costs and use gov't? QE's 1,2 and 3. ZIRP, TARP and god knows what else. Thank GOD for socialism, otherwise our rich would have to work.

Sun, 08/16/2015 - 01:56 | 6431022 Invinciblehandaxe
Invinciblehandaxe's picture

This asshole armstrong dude shouldve stayed in prison for life.

What a fucking tool.

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