Ok, question, MA repeatedly states China will take over and become the financial capital of the world after 2032. How can this be, with the CCP in charge(communist) and their dual currencies system and not allowing people to take money out of the country, who in their right mind would put their money there to create this change? BTW, I never heard MA ever talk about China's dual currency system, I only found out two weeks or so ago, why the silence on this issue which is significant to anyone who considers putting money in China? I know there has been dual system for trade but evidently to get money out of China you have to convert to US$ only with the permission of the CCP, this explains bitcoin going to the moon since Chinese have no other way to get money out. If this is old news, I apologize.
As Gumbi said, China will stand taller after the crash and burn;
https://www.armstrongeconomics.com/international-news/china/chine-the-financial-capital-of-the-world-after-2032Q - '..You keep stating that the center of Finance will move to China. However, the world distrusts China, rightly so. How can they become the Financial Center if no one trusts them?
A - That will come only after 2032. Keep in mind, the West will be tested and the failed system of continually borrowing is why the confidence in the West will break. After that, it will become the lesser of two evils. The financial capital of the world always migrates. The British never saw how America could take their crown. Throw in a world war, and capital moves..'
https://www.peakprosperity.com/martin-armstrong-dow-35000-by-2021/'..Its more than people really understand. The capital flows have been moving into the United States from Europe dramatically and also from China. I mean, that was the whole issue behind bitcoin. More than 80 percent of the volume was all coming out of China because the Chinese figured out OK, fine, there are currency restraints,. So if I cant get my cash out of the country, Ill buy bitcoin and then Ill sell it in on another terminal outside of China, probably in the US, and I get my money. Thats whats been going on..'
So we are going to have a "Crash and Burn". Right. Where is the proof?
So China will "stand taller" because currency is flowing out of its country. And become the financial capital of the world. In 2032. Right. Makes sense. Doesn't it? No further research required. Just believe me.
Someone making a prediction so far out into the future is a charlatan. He completely ignores the multitude of China's problems such as pollution and lack of water which make it difficult to even feed its own population without food imports. There are so many factors that predicting such an outcome is just a joke.
We cannot predict this based on some historic occurrence.
As it occurred with America vs England. Right? Very special case. Same people, same langue.
So everyone world wide please quickly adopt the Chinese culture and learn how to speak and write Chinese.
Because Martin Armstrong said so. Give me a break.
To be honest, someone making such a prediction must be a complete idiot.
Martin Armstrong's prediction is linear thinking done on the back of an envelope.
The bullshit flies so high it is beyond description.
Look at how the world looks like now compared with what it looked like in the past. Today, there are no new continents to conquer, and the world economy is fully globalized. There are hundreds of Chinese companies listed on US stock exchanges. Nobody wants anything to collapse because it would hurt everyone.
Do not expect any drama such as these alt-finance sites project with the aim to attract subscribers of their services.
Martin Armstrong is a charlatan, and he spent 11 years in jail for a reason.
Read this blog
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