Martin Armstrong

"Unlike his acolytes, Keynes understood the value of gold and the dangers of currency debasement ... World where currencies are backed by nothing more than a governmental promise to pay while the printing presses whirled unchecked ..."

The Fed is really caught between a rock and a very dark place.  This is the worst possible mess and the longer they have waited to normalize interest rates, the worst the total crisis is becoming for they will have zero control over the economy and once that is seen, holy Hell will break loose.

The current surge in deflationary pressures is not just due to the recent fall in oil prices, but rather a global epidemic of slowing economic growth. While Janet Yellen addressed this "disinflationary" wave during her post-meeting press conference, the Fed still maintains the illusion of confidence that economic growth will return shortly. Unfortunately, this has been the Fed's "Unicorn" since 2011 as annual hopes of economic recovery have failed to materialize.

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.

Nahhh ... The Problem Is NOT ENOUGH Debt! </sarc>

The UK Labor Party's new leader Jeremy Corbyn has, rather unsurprisingly, is making controversial headlines already. His appointment of John McDonnell - an outspoken opponent to the independence of central banks: "in the first week of a Labour government, democratic control of the major economic decisions would be restored by ending the Bank of England’s control over interest rates," - as shadow chancellor has been met with derision in the British press. Initially described as a "nutjob" by The Telegraph, McDonnell's 'plan' to close the deficit is simple - instead of cutting spending, he will dramatically raise taxes on businesses and the rich. The Telegraph then watered-down their perspective, we think, slamming McDonnell's policy as "cloud cuckoo land economics."

Jeremy Corbyn, the infamous Karl Marx admirer, has been elected UK opposition Labour leader.  Corbyn is really communist who professes an admiration for Karl Marx. He is the new face of Britain’s opposition Labour party which will help to make a British EU exit more likely. The Marxist sophistry is rob anyone who has more. They never understand that we all provide our piece of the economy that creates the whole. Many are starting to realize that this could be the downturn for Britain.

We're beginning to believe the nation will not be unified behind a common cause when the coming financial eruption unleashes molten lava of chaos, punishing economic distress, civil strife, class warfare, race wars, and ultimately global war. As Strauss and Howe foretold, the establishment (aka corporate fascist military industrial surveillance state) has seen a sequential loss of popular trust as their blatant corruption, sociopathic stranglehold on the levers of power, and unrelenting greed have angered the critical thinking aware citizens of this country. The next leg down in this Greater Depression will sever the remaining trust, disintegrating any remaining support for the existing civic order. What comes next will be heavily dependent upon whether the 5% to 10% of liberty minded believers in the Constitution are able to gain the trust of the masses.

The legacy of the Clinton’s behind the curtain has also been one of questioning everything, two, three, if not four to ten times. The lack of honesty between the words seems to be catching up. Hillary and Bill have been rather notorious for doing whatever it takes to win while lining their pockets at the same time. So it is no surprise that Hillary may fight to the end without ever fearing prosecution for anything she has ever done is in the past.

The most incredible aspect of Hillary’s e-mail scandal is the media’s total dismissal of a simple fact — Hillary DID NOT use the government’s e-mail system — she used her own. She claimed she was unaware that you could have two e-mails on one phone. That alone shows that she is not qualified to be president.

Understand this now. As Jim Quinn explains, YOU are the enemy of the state. They don’t give a stuff about you. They treat you as sheep and cows to be sheared and milked. If you start questioning them, they will slaughter you. They have militarized the police forces and put you under 24 hour surveillance because they fear an uprising. There only a few hundred thousand of them and there are millions of us. A conflict is looming.

Earlier this week, as the financial world was mesmerized by a min-stock market crash, the Financial Times published a dastardly little piece of fascist propaganda titled, The Case for Retiring Another “Barbarous Relic.” When you start to see increased propaganda about banning cash, you know the status quo is very scared and things are getting very serious. You’ve been warned.

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.

The questioning NEVER dealt with any substance. Forget about the social issues, how about one single question about the future direction of the economy? Not a single political candidate who is of that professional class would deliver any possible change. Obama has proven that Democrat or Republican, it really does not matter. Obama has been Bush Part II. Nothing ever changes. When the economy turns down, we may see support for Trump rise rather than fall. At the very least, Trump is expanding the voting base attracting more of the anti-politician movement. If anything, he might shake Washington up. It is hard to imagine any change will be to the better from the professional politician.

In an interview on Bloomberg’s “First Up” show, Treasurer for the Perth Mint, Nigel Moffatt, said “Our biggest restriction is the amount of unrefined gold we’re getting in from producers”, adding, “everything we get in is going straight out the door as soon as we refine it.”