The Federal Reserve yielded to international pressure making the very same mistake that it made during 1927.
Back then, there was a secret meeting and the Fed agreed to lower US rates to try to help Europe and thereby deflect capital inflows back to Europe.
The exact opposite unfolded in the aftermath and even more money abandoned Europe and flowed directly into the US share market.
In 1927, the Fed lowered US rates to try to help Europe which was then in the middle of an economic debt crisis the same as today.
It is very curious how history repeats and we have just witnessed the Fed yield to international pressure once again. In doing so, they are condemning US pension funds as well as the elderly to financial doom setting in motion the next financial crisis.
They voted for it, they should enjoy it.
[sarc] Good, so we still have another 1,5-2 years or so. Someone give me a call or drop me an email by then please! [/sarc] ;-)
Of course it did. The Fed only knows how to make one kind of mistake.
LOL!
This is data mining, Armstrong style.
dfd
Audit then End the Federal Reserve. End it 1776 style and burn that shit down.
"... "The best illustration of what the System has done and not done is offered by the experience which the country was having with speculation, in May, 1929. Three years prior to that, the present bull market was just getting under way. In the autumn of 1926 a group of bankers, among them one of world famous name, were sitting at a table in a Washington hotel. One of them raised the question whether the low discount rates of the System were not likely to encourage speculation.
"‘Yes’, replied the famous banker, ‘they will, but that cannot be helped. It is the price we must pay for helping Europe.’
"It may well be questioned whether the encouragement of speculation by the Board has been the price paid for helping Europe or whether it is the price paid to induce a certain class of financiers to help Europe, but in either case European conditions should not have had anything to do with the Board’s discount policy. The fact of the matter is that the Federal Reserve Banks do not come into contact with the community.
"The ‘small man’ from Maine to Texas has gradually been led to invest his savings in the stock market, with the result that the rising tide of speculation, transacted at a higher and higher rate of speed, has swept over the legitimate business of the country.
"In March, 1928, Roy A. Young, Governor of the Board, was called before a Senate committee.
‘Do you think the brokers’ loans are too high?", he was asked.
"‘I am not prepared to say whether brokers’ loans are too high or too low,’ he replied, ‘but I am sure they are safely and conservatively made.’
"Secretary of the Treasury Mellon in a formal statement assured the country that they were not too high, and Coolidge, using material supplied him by the Federal Reserve Board, made a plain
statement to the country that they were not too high. The Federal Reserve Board, charged with the duty of protecting the interests of the average man, thus did its utmost to assure the average man that he should feel no alarm about his savings. Yet the Federal Reserve Board issued on February 2, 1929, a letter addressed to the Reserve Bank Directors cautioning them against grave danger of further speculation.
"What could be expected from a group of men such as composed the Board, a set of men who were solely interested in standing from under when there was any danger of friction, displaying a bovine and canine appetite for credit and praise, while eager only to ‘stand in’ with the ‘big men’ whom they know as the masters of American finance and banking?"
H. Parker Willis omitted any reference to Lord Montague Norman and the machinations of the Bank of England which were about to result in the Crash of 1929 and the Great Depression. ..."
http://www.whale.to/b/m_ch11.html
Think what could have been if the four in that photo above were hanged?
"It is terrible to contemplate how few politicians are hanged"
Gilbert K Chersterton http://izquotes.com/quote/218444
"...since Lehman."
NOW this ZHedge article is complete.
Audit the FED? It's time to gather them and the Bankers who run them, and toss them into a Woodchipper!
Does anyone take this Alarmstrong serious anymore??
If you do, you need some serious help.
Yeah? Why is that?
Because he says:
1. the stock market is NOT manipulated
2. Precious metals are not manipulated
3. He lies about a mulitude of things
4. He never seem concerned about those of us on this side of the fence until hiis gravy and tatters was taken away from him.
I also know the guy and have corresponded with him. He's a fruit cake.
@ super?vinci,
curiously antagonistic remark. we shall see, won't we? only time will tell.
please tell us how one overestimates or overstates the redline, corruption and global scale of the current debt based, curency war'd, fractional reserved, raw resouce stretched, gold oversold world (or dying empired US) economy
Can't wait for his 2015.750 date prediction..
firing up the whirley-pop.
Let's see ... .75 X 12 = 9; that would be Sept 1.
Armstrong has said that 2015.75 was September 30th/October 1st.
Simple math says that 365 x 0.75 =273.75 (falls right on the end of the day Sept 30th.....markets would be closed so effectively it means Oct 1st)
Please help a poor newbie : 2015 + .75 means we're talking about september 30 2016, right ?
(Insert picture of Fry squinting) Not sure if trolling or ignorant
Both
Always remember to use the /schwarz
I mean /sarc
There
I'll remember :-)
Are you accounting for 31 day months? And February?
it won't last this long..
what a big FAT NOTHING BURGER this all has become
there's so much anxiety everywhere, the tension is palpable
it will collapse and it will happen soon, possibly this month
there's allot more at play than a FED calendar
war is up in the air
Could go on for a while longer...
Could go on forever but how much fun is that.
They're going to drain it
Man, I don't know. They've kept the plates spinning for what? Seven years already? Real unemployment is around 20%, but the reported unemployment is around 5%...the sheeple believe the 5% figure. Global shipping has been in the shitter since 2009, along with just about any other index or measure.....except the stock market indices (which is what the sheeple know).
My guess is that because damn near everybody with any sort of retirement savings are dependent on the stock market indices, the US government is going to stop at nothing to keep the charade going. Imagine if the Baby Boomers suddenly had nothing left to lose, and decided to go out with a bang? There would be dead politicians and bankers everywhere. The government is probably totally committed, because it has to be.
I feel a little sorry for the kids just now trying to enter the work force, and can't get a job because somebody hired grandpa instead. I imagine that this generation will be somewhat like Japan's lost generation, assuming we don't have a civil war.
Well said Jethro
Even the Beverly Hillbillies hated the bank.
Of course, the problem is the more these criminally inept idiots push out the envelope, the more they screw both the old and the young. No income, no jobs. Both generations need each other. Mom and dad can no longer afford college and the young have no jobs to contribute to any system that supports most of the modern ponzi structures that keep the older generation fed and alive. All of the "modern" retirement and healthcare systems will blow. Retirement is a very modern and soon to be obsolete system anyways. Like the last thirty thousand years, the two generations may have to actually work together (insted of watching tv) to make the family and social systems work. I can't see any other conclusion.
The end game is cashless.
While some are making predictions, I"ll bite. 2030. By 2030 we will be totally cashless world wide.
We'll need three things. The inexorable march of technology. (Check). One or two more Global recessions ( or....one or two more LEGS down of the current DEPRESSION) (Check) The Crack Up of the EU.
Here's the secret. The EU is THE MOST IMPORTANT thing in the world and has been since the formation of the Greco-Roman Empire. Europe is the financial center of the world....not America and NOT EVER. America was and still is...quite simply....an arm of European Power. They may have lost POLITCAL control in 1776. But the Banksters in Europe have regained control over that time. Not the least of which through the Federal Reserve.
Remember TARP....the rescue package for American Banks. They rescued themselves by funneling every red penny to the European Banks to bail them out.
And Europe is WELL....VERY WELL on their way to a cashless system even now. Particularly in the Scandanavian countries. Europe has always been the testing ground for EVERYTHING, culturally, societal, financial for all of Western Civilzation. Then it eventually comes to America. And once they go cashless by 2025 it will be a matter of time before America must do so in order not to be an economic backwater and financial Luddite gumming up the free flow of debt.
The spice must flow. And it flows best when it is cashless.
How will politicians get bribes?
Dark pool accounts run through NSA servers
If this doesn't tell you who the fed works for (global bankers and NOT Americans) nothing will...WAKE UP!!
I stopped reading at "international pressure".............. GS, JPM, etc pressure yes............"international"
Ferrrrrrgetabbbbbbouuuuttttitttt
>> They voted for it,
Nobody voted for this shit dumbass. No matter who you voted for, if they'd have won we'd have the very same policies going down. Stop blaming the victims even if you consider yourself so much better.
Few lessons to be learned here:
1. You cannot stop the business / economic cycle from happening, you can only make it worse.
2. Only flat-out massive QE may depreciate the dollar. ZIRP is so 2008.
They did "massive QE", the problem is that they did it for only the 1%.
Simply put, they and the U.S. government, would have been better off to let more of their member banks fail and then they had simply cut every single taxpayr a check for a million dollars.
They would have gotten inflation, the economy would have really been stimulated AND the government would have seen a dramatic increase in tax revenues.
Simply put, the earth will now experience global weimar.
Get long sharecropping and guillotines because the only thing that will experience "deflation" moving forward will be the human population.
same as it ever was.
Don't imply that they ever intended anything else.
Unlimited money for the 1% and smoke and mirrors for everyone else.
Keep working for their fiat until you croak or do something about it.
Yes and the supply lines will force the issue soon.
We are 4th generation commerical farmers, we survived because we know a thing or two about real wealth, collateral and a dependable tribe.
Same as it ever was...
As LOP puts it, the 1% are some pretty short sighted, history ignorant idiots if they don't see the wall and lead coming for them. In the end, especially in this resource stretched world, the smoke and mirrors will ironically be may of the things they're holding
It's about creating a financial crisis so great, that the reaction from the public will warrant a solution in the form of the NWO and they will gladly accept it to escape their then current suffering.
This article says say this was a "mistake", but this just appears to be the playbook for consolidating wealth and power.
It worked back then when the banks bought up all assets everywhere for pennies on the dollar, so why wouldn't they use the exact same tactics again?
Well, what are all those "excess resrves" held at the FED by banks FOR any way?
https://www.youtube.com/watch?v=jt377DV2BKs
those who fail to remember the past,are doomed to repeat it..amen.
Yeah, but the part that they never tell you until it's too fucking late is that those who do remember the past are doomed to repeat it as well.
It's the ol' Bankster Barn rule: We break it, you buy it.
Oh they remember. This is their playbook and you and I are just sheep.
Those iconic words could be found on a plaque hanging in the pavilion of the People's Temple Church in Jonestown. (It said "Condemned to repeat it" but whatever) All of those 909 unfortunate souls were duped by the silver tongue of Jim Jones. He promised them a socialist utopia where everyone would be equal under the eyes of "God." Later he would become the "god" of his followers.
The Central Banks and Statists are now the ones promising us that utopia, and unfortunately there is a mass of people listening and buying into that line of bullshit. I wonder what form the poison will come in this time.
Just like Dickens said, "It was the best of times, it was the worst of times" (but human nature never changes)
Not quite. The Fed has made the mistake of becoming a political tool, they are now irrelevant.
Prepare for a very different situation, specifically global weimar.
First the pop then the fizz. Global Crash followed by Global Weimar.
The last time the Fed raised interest rates was on June 29, 2006 when it increased Fed funds rate to 5.25%. Now it is 0% Fed funds rate forever.
US debt has been increasing at $37.4 billion a day since 2003 per Kotlikoff.
QE forever.
I'm a big supporter of your comments, I have to ask though, how do you suppose QE forever is going to work?
We know how the markets reacted to the last years of QE, simply put it's no solution. So how long are they going to try and keep this farce going still? Another ten years?
Is it reasonable to interpret that you think that QE is "no solution", or "not working"?
I suggest that as per the [private] intent of QE's administrators, that QE has been fabulously successful for the consolidation of economic power, and we may expect more of the same.
It'll be the peak in confidence in Gov.t very soon that will begin to send bonds lower and yeilds higher on sovereign debt. There's a sovereign debt shit storm coming..I can smell it.
The Feds job is to transfer wealth to its Jewish banking cartel (destroying the middle class) then do whatever it must to lose credibility to help push the US over the top and into a collapse of confidence. This sets the stage for a dictator. Any ideas about who that will be?
https://www.youtube.com/watch?v=oqT1d0DqVK0
Nothing the Fed does is by mistake, dumb ass
Well, what do you call the last 7 years????? Planned????
Yes, the last 7 years were planned...the plan was to give the rats time to get off the ship with their possessions, and the possessions of the lower class passengers, intact.
The Bush economic collapse sank the entire ship below the water line giving no one time to escape...the bailout refloated the boat...creating time for the first class passengers to grab their valuables and abandon ship...no need to refloat the boat now...those that are still on board are dispensable.
Yes, planned. But....the unintended consequences ruined the plans.
Lather, rinse, repeat. Such is the problem of a tightly controlled central planning system. There is always that damn variable that they didn't make plans for. And the arrogance of the central planners who think that since it didn't work as planned, they simply need to do more of what didn't work.
The FED is a mistake -
let it burn
.
.
.
"they are condemning US ... to financial doom"
Just financial doom? Well, that's ok then.
Has anyone else wondered at the psychology of using a little old cat lady as FED chair?
They want you to feel all warm and fuzzy and 'granny' will take care of you. Where's the apple pie?
Yeah, last time I looked at Nightly Business Report it had gone to 2 women anchors - one of them buxom and plump - very motherly. I used to watch it once in awhile, as propaganda check but I can't take more than 5 minutes now.
obama badly wanted larry summers. the cat lady would never be there, if PC didn't force obama to put her there.
Well, at least he didn't get a woman
Comparing 1927 to where we are now???...
Oh how we all should pine for 1927!...
Credibility is down the drain.
So much hype and so much at stake. Fed pissed it all away for good now. Who is going to believe anything they say?
Buy gold and silver and wait. That's all there is to it now.
PMs 1 : FIAT 0
History has a tendency to repeat itself, especially if you have not learned from the past.
At least Maxine Waters is pleased.
Yes, we have to help the black folks. And let's not forget the Jews who are still suffering from the Holocaust. They could use some more cash too. Reparations to the 50 million or so on holocaust survivors is drying up as these survivors are all dwindling. We all need to pitch in and lend a helping hand. The good thing, as Ann Coulter pointed out, nearly all our Republican candidates are deeply concerned and are firmly committed to sending billions more of our tax dollars to help alleviate their suffering.
Billions? Chump change. If they had any real power we would be sending them trillions. The FSA is the most powerful political force in America. AIPAC wishes they could do so well.
At some point, who is left to borrow at 0%? Everyone is already maxed to the hilt. They are just pushing on a string
The problem is the Fed is really not that good at chess... Wall St walks all over the Fed in that board game.
Do you think he runs his analysis suite under VICE or on original hardware?
Armstrong has made probably the biggest finance call in history stating that starting on Oct 1st (lasting 2-4 years) the whole world is going to get turned upside down and inside out about 10 times.
This is not just your normal 'stocks will crash' type call. According to him, nobody will escape and few will survive intact.
Will he be right?
He's been saying it for the last few years.
Or will he be wrong?
If he's wrong he's finished, but if right he'll make that Elaine Garzarelli 1987 call look like a random comment from a chick with a dodgy perm.
Bonds collapse, stocks to the moon as the trillions and trillios of big money (pension funds basically) shifts from bonds into US stocks and the $. US stocks will be the only thing they can buy because of the very deep liquidity. Not sadly Gold as it's a tiny market.
T minus 13 days and counting....
(Note, Oct 1st is the start, things might not get going for a few months after that).
Good summary. The only thing you missed is that the computer made the call, not him. Of course as the programmer he still has to answer to his investors, but I think the distinction is worth noting. Also worth noting is that it's not a "crash call" so much as a turning point, and as you said, it may take a few months for the trend to be confirmed.
People around here trash Martin because he called gold correctly and they didn't. Better they go after whoever got them into gold in the first place than take pot-shots at the messenger.
On "Marty":
His "Projection" of $ 5000. Gold, emanating either from his Mind or Machine, was flat wrong.
Gold was a Buy in 2001 as the Great Inflation really got underway, and a Sell in 2011, as "Zugzwang" was reached.
He and others could only Wish to have the Record I have made. That is the Difference in Chasing Millions, and Laying the Foundation for Billions.
His work on Caesar is one of the best summaries of a Man we could only hope to come unto the World Stage today. I agree fully with that particular work. That alone demonstrates his considerable Talent and Insights.
Epictetus sagely demonstrated that a Man can only truly Educate Himself. Anything else is Indoctrination, NOT Education. A Distinction with all the Difference in the World.
And ALL Men are Wise to follow Epictetus' First Subject of Study at the earliest age possible.
Thus his education or incarceration has no bearing on his Knowledge or Talent.
However, his anology to 1927 is misplaced, because there is nowhere to go now, an entirely Different Matter.
And unlike that period, EROEI wasn't an issue; an issue that very Fate of the World as we know it rests upon.
His claim on the "Machine", or "Black Box" is Pure Fraud, just like the others.
Why aren't you over $ 100 Billion Jim Simons ?
Machine v Man:
Godel, arguably among the Greatest Minds ever, Proved decisively what the True Master knew instinctively; the latter hardly on the level of Godel - but Godel couldn't and didn't make Billions.
You See, the Pecuniary Value of Knowledge is Relative to the Field of Application.
He fails to understand, as does the Machine, that a true Bond Market Crisis means "Lights Out" for the Stock Market and ALL Asset Classes.
How much "UNENCUMBERED" Capital is on the "Sidelines" ?
ZERO.
As I have explained, purely for the purposes of Money, and the ancillary benefit of those who want to understand what is going on, "Markets" have been riding Our Bond Bull.
This is why Kyle Bass and others have run head long into the "Widowmaker" trade. Japan is a concomitant to Our Bond Bull. Don't worry Kyle, when you stop chasing Attention and Adulation, and start chasing your Real Potential, the Door is still Open - for $ 100 Million Upfront.
And to the Question of Arrogance, that question, as they say, has been "Asked and Answered".
When the "Real Bottom" arrives, 1932 Style, we will see clearly where all the "Stars" are then.
The True Master taught long ago NEVER try to be a "Star" because the very Markets that make you a "Star" will extinguish it in due course.
As will be shown, the Human Mind remains Superior to any Machine or Formula yet devised.
ARmstrong is a convicted felon with a high school education. He was convicted of running a Ponzie scheme. Maybe he's smart and can talk a good game, but so far his predictions have been wrong. Why the fuck does ZH still publish his crap?
I've met many felons and high school dropouts who are very smart.
I didn't know they gave guys like you access to computers in prison.
Your Wrong and As Forrest would say, "AGAIN"
It won't be US equities... it'll be US [muni] infrastructure as local gov'ts become broke and need to monetize assets
per the article:
The Federal Reserve yielded to
"international pressure."
??????
Get real.
The "pressure" felt by the global elite was how best to maintain their
economic and political advantage. Then and now.
Pensions lost, wages suppressed, militarism promoted ...
all the calamities to most people
are instead regarded as unavoidable collateral damage with possible opportunities
by the ruling elite who set the policies.
Unforeseen mistakes? Hardly. They (including global corporate 'persons') are dealing themselves the best hand available to maintain their power and privilege.
The contention that the leaders are stupid and do not realize what they are doing
is a fantasy held despite all evidence the contrary.
Equally absurd is the belief that the elite are carrying out the will of the people.
2late- Good observations. 7 years ago I wrote the following on another site. The names have changed but the same holds true now:
"Tue, 11/18/2008 - 22:56
r101958
Re: The art of deception; Hank Paulson speaks
In reality, there are only two ways we can judge the activities of Paulson and Bernanke. One, they are ignorant of the real causes of the problems we face or they are incompetent or both. Two, they are very aware of what is going on and have been part and parcel to a clandestine plan to create another financial paradigm.
I think most people choose the former alternative because it is much easier to rationalize and will not end up getting you labeled a conspiracy theorist. However, I believe that there are some that choose the latter.
If they (Paulson and Bernanke) are of the former ilk then I can only wonder how they arrived at their lofty positions carrying the heavy baggage of such ignorance.
If they are of the latter group then I believe they would rather be considered part of the former group as it is much less dangerous for them to be thought of as ignorant than it would be for them to be thought of as very intelligent, conniving middle men in a larger scheme.
Taking it a step further, it would be to their benefit to be thought of as blundering, well meaning, disconnected and clueless public servants. After all, who would we be angrier with, a fool or a grifter? Against which, theft or loss, would the public more quickly raise its voice?
Have any of you ever known a really good chess player? How many moves ahead do they plan? This also means they anticipate the moves of their adversary. I personally have never known a good chess player that thought any less than three moves ahead.
How ignorant and stupid are we prepared to think these men are? Are they really just pawns? If we can discern the reasons for our economic predicament then are we really willing to think that these men can not?
I really can not answer. However, I think these are some questions we might need to ponder."
BTW, how many moves ahead to chess players, or computers , plan ahead? I lost to the computer 10 times in a row playing while flying on recent trip to Michigan, and asked myself how many moves can the computer plan ahead? I don't think I can plan even two moves ahead, especially if there are a lot of pieces on the board, and early in the game. Yes, I suck at chess.
Seriously, same sentiments about 9-11 whose documents I reviewed for the first time ever on You Tube last week in light of the 14th anniversary.
My conclusion is that it is more likely that 9-11 was an inside job than not, and that if the government was able to plan that many moves ahead and in a coordinated fashion to launch "Pearl Harbor 2.0", how willing/able are they to plan for the collapse of the finacial system-and from there , conceivably our way of life here in US and the world?
Either way, they have a horrendously painful price to pay for what they have done. Rest assured.
"In doing so, they are condemning US pension funds as well as the elderly to financial doom setting in motion the next financial crisis."
Pension funds and the elderly have been fubar for quite some time. Nothing the FED does can save them. And the financial crisis has been in motion since 2007, it never left. It was just getting started.
Me wondered too: 25 bp would have saved, or at least started to save the pension funds?
Fuck the goyim.
No need to. They are more than adequate to do it to themselves.
Take the brains in China. Or Europe. And the Arabs of the ME. And as long aas we are at it - who can forget Africa.
"In doing so, they are condemning US pension funds as well as the elderly to financial doom setting in motion the next financial crisis."
So what? The old people will all be dead soon, anyway. Besides, since retired people are useless eaters who only take and not give, their demise will be a blessing for both society and more importantly: the Job Creators. So croaking them a few years sooner will be better for everyone.
As an extra bonus, their unemployed kids will be able to move out of the basement and into the upstairs bedroom. A win-win situation. The old farts aren't going to be hungry anymore, and the kids will have a view out of their new bedroom windows. Sweet!
What happens to old people and the middle class isn't important. What is important is that even though the economy is being destroyed, people like Blankfein are now billionaires, and can continue to do God's work.
Caleb....... /sarc There, did it for you. ;) btw I gave you +1
My kids are living in the basement because they won't stop inserting Nose, and Scrotum rings, and adding tattoos to their already rotting, pizza-encrusted bodies. We keep them there to keep the toilets cleaned and dogs groomed. We will not allow them upstairs unless and until they agree to pay me back all that wasted College funding. Won't happen, so we keep them in the dark. It is beginning to stink, so we might simply seal off the stair well. I am selling my son's Prius to raise capital for the Caulking.
You should sell tickets to your basement. The title of the show should be 'Idiocracy 2 Live'.
They will be OK as long as they have at least 3G and three bars in the basement.
Jesus! My Mom still comes down sometimes and does my laundry. She even likes my haircut.
sounds like a set for a reality show... go for it
NO, not 1927 because that resulted in the Dow dropping from 375 to 50, which would = a drop to around 2300 today. Imagine that devastation. Maybe 1937.
"NO, not 1927 because that resulted in the Dow dropping from 375 to 50, which would = a drop to around 2300 today. Imagine that devastation. Maybe 1937."
It is the action, of the FED bowing to international pressure not to raise the FED rate, that Armstrong is comparing to 1927.
1937 was after the sovereign debt bubble had burst in 1931. That bubble hasn't burst, yet.
Let's party like its 1929.
No one ever mentions what will to happen if the FED ever really does normalize interest rates.
By then we will have >$20 trillion in national debt.
Say a nice average of 5% - would be a TRILLION in interest per year.
That will put an additional $600 billion on top of any current deficit.
At what point do people realize we are bankrupt?
The mentality of TPTB in the late 20's and now may be the same but there is a long list of differences in other areas:
-Our culture is no longer what it was. People were ashamed (back then) to be on govt welfare.
-Population is much larger
-Resources harder to come by now. Back then we were just entering the golden age of oil.
-Different political leaders then
-no television, no internet back then
etc, etc.
Whatever happens going forward, no one in power will claim the fed did anything wrong.
Since they are NOT going to suddenly admit that their economic theory is complete garbage and will simply slowly drive the lower 90% into the ditch over the coming years, I'm all for a method also allowed by their crap theory and even suggested by some to get us out of this zero lower bound problem that their garbage theory caused in the first place: helicopter drops.
At least that way we'll get a small share of the loot on the way to the bottom. Otherwise, nothing. I look upon helicopter drops as being very similar to looting a burning building, while also throwing gasoline on the fire to get it over quicker. The system will only have a chance of being revised if there's a total collapse:
"When the illusion that the Status Quo can fulfill all its promises to everybody dies, the Status Quo starts the terminal slide to effective collapse."
http://charleshughsmith.blogspot.com/2015/02/the-lesson-of-greece-only-c...
Please send a check for $100,000 to... hell, I'd even take $10,000... annually.
When the whole system collapses because of the FEDS pollicys will the board of Governers all JUMP?
https://www.youtube.com/watch?v=yge311sFhC8
News flash Armstrong. Pensioners and the elderly were already doomed. In fact most of us are.
Old Yeller did not defer to 'international pressure' and the incompetence of American Central Bankers is to blame because they are all collectively incompetent all on their own.
I don't think it's the same situation. The USD is the reserve currency now, not the Pound. Is money fleeing the USA?
Whaaaat? The FED was there 'protecting' us BEFORE the great depression? Whaaaaaat..... How can that be? /sarc
Every central bank's mandate is to provide a stable value for their currency.
And what is more stable than zero?
Every central banks mandate is to plunder as much of the citizens wealth as they possibly can.
In practice, only the central bank in Singapore sets policy to stabilize exchange rates for their currency.
The Bernanke studied the great depression and he learned so much he replicated it at a 1,000 X scale. So smart ... \snark
It's called rocking the boat, Mr. Martin "there is NO gold or stock market manipulation" and you have no credibility" Armstrong.
Go write a book. That's what John Perkins did when he was kicked out of the club.
--Dupe--
If you all really care about what Armstrong says, then you might want to listen to his primary theory...
1. With the increasing economic failures of Abeonomics and China's stock market and Russia's negative GDP, money flow into the US Dollar will be immense, beginning in 2015.75.
2. This will drive the stock market up to between 20,000-25,000 and probably send bond yields negative.
3. Gold is a commodity, not money, and like all other commodities, will drop to 600-800 over the same period.
4. When the dollar becomes the only game in town, it will be time to buy gold and hard assets, but NOT before this happens.
Just sayin!!!
I think Mr. Armstrong's "exact" historical cycles are too deterministic, real life is not predictable by numbers. However, sometimes the biggest crackpots are the ones who are the most right about calling unpredictable things, in the end its more of an instinct that they possess.
So where is God in all this? Does he care? Why doesn't he speak? If you put faith in mathematical historical cycles, or "shemitah" cycles extracted from ancient texts, then don't claims of God speaking to us in our own time have the same value as these other "mystical" predictors? They are certainly no worse in value, and arguably much better.
So here is the claim of God's voice speaking to us in our time, speaking through the Virgin Mary (mother of Jesus/Yeshua):
www.locutions.org
She is surprisingly in agreement with ZH about the falshood of the modern economy. She has been speaking and warning about the coming collapse since 2011. (She says there will be a major downturn NEXT WEEK while the Pope is in the US - we'll see what happens). And there are worse times and events coming. She has alot of specific things to say about the crises we are facing.
God is not absent, he cares, he is guiding. Give him a chance. It beats numerology or cycle ouiji.
Here are some signs of a coming recession.
http://michaelekelley.com/2015/05/29/mergers-and-acquisitions-set-record...
http://michaelekelley.com/2015/02/20/fed-warns-of-two-bubbles/
http://michaelekelley.com/2015/02/24/would-you-pay-39-more-than-asked/
http://www.zerohedge.com/news/2015-07-27/when-will-we-ever-learn/
Here is how to respond.
http://michaelekelley.com/2014/10/16/8-things-to-do-when-recession-happens/
Here is how to get your mind off this stuff.
http://michaelekelley.com/category/humor/
Good luck!
Interesting photograph, bankers are a lot fatter these days!
Bribes will by then be paid out in precious metals, the likes of which will be *very* hard to come by (at least honestly).