Quote from: iamback on March 12, 2015, 07:44:13 AM

---------------------------- Original Message ----------------------------
Subject: Armstrong's hair-brained "direct democracy" idea has failed; there is only one solution
From: iamback
Date: Thu, March 12, 2015 3:49 am
To: "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------

Well Switzerland with its unique "direct democracy" (citizens can raise referendums at-will and have a popular vote) has failed to stop the DEEP STATE from instituting the plan for Global Technocracy:

http://armstrongeconomics.com/2015/03/12/switzerland-joins-nsa-is-monitoring-its-citizens/

Quote

...

The only solution is to make it relatively very unprofitable to finance ROI with debt. This is what the Knowledge Age will do.

...

Armstrong's proposed collectivized solutions which he will present at his hair-brained Solutions Conference are just going to lead more of the same collectivized mess. He is not proposing real solutions, rather stop-gap measures to further the collectivization of humanity which is the problem! Human nature can't be altered with organization. Even Armstrong knows this damnit! The only solution is a paradigm shift change in the technology that renders the pre-existing collectivization mode impotent and unable to continue. I have explained that solution.

Finally Armstrong capitulates and admits I am correct!

http://armstrongeconomics.com/2015/03/14/real-estate-15yr-v-30yr-mortgage-new-electronic-currency-coming/

Quote from: Armstrong

... & New Electronic Currency Coming

Keep in mind that what we face is a revision of the monetary system. There will be a swap to a new electronic currency acting as the reserve between currencies. Hopefully, we will eliminate the ability of governments to borrow. But if that is not enacted, then debts would still exist in their domestic economy. If they tried to actually create a one-world currency with individual debts denominated in such a currency, that would blow up just like the Euro. So either you have an international reserve currency so no one nation has that dominant impact with individual currencies, or you have total chaos if there was just one-currency without abandoning debt.

But Armstrong still missed the main point. It is impossible to eliminate debt, for that is human nature. Investors buy debt. And investors will measure their ROI against the dominant reserve currency as they do now, thus whether the individual countries sell their debt denominated in the reserve currency or their own national currency is largely irrelevant to the outcome, because the enslavement is caused by what the investors use as their unit-of-account and thus the central bank for the dominant reserve currency will have implicit control over the fiscal and capital account flows of each nation.

Quote from: iamback on March 12, 2015, 08:32:22 AM

I suggest you relate that to "Confessions of an Economic Hitman" by John Perkins. And also relate that to the Asian crisis in 1998, which was caused by speculative international capital flows fleeing to Europe to take advantage of the ingress in investment that corresponded with the launch of the Euro.

Nations are inherently prone to short-term capital ingress and egress. Without their own central bank to inflate out of an egress crisis, they are enslaved by the unit-of-account which is imposed on them by investors.

Sorry there is no way to make a reserve currency that isn't an enslavement paradigm. All the one world reserve currency will accomplish is transfer the seat of power for control from the USA government and Fed to the international central bank (which of course be controlled by those who have the most power). The only solution is for debt to become much lower ROI activity than the mainstream economy, thus the high ROI Knowledge Age workers will exist in a parallel economy that ignores the socialistic, collectivist economy of government and debt.