This Armstrong is probably the most intelligent person alive in the western world. For refusing to join the PTB, he was put to prison for 12 years in his advanced age.
And they almost killed him in SuperMax prison which in solitary confinement punishment is essentially torture. Wasn't it 7 years?
Armstrong and I (although he didn't admit it was him) debated in email briefly on the subject of if there is a conspiracy at the level of Bilderbergs. He doesn't believe so. He believes the cycle is in control, not them, and they are just dumb. I have a more nuanced view, even though I agree the cycle is control, not us.
He hadn't thought a crypto-currency could overcome the government's power, and had been pushing for term-limits instead as a political solution, but maybe he is starting to realize after he thought it through (as I have)...
http://armstrongeconomics.com/2014/03/11/marxism-is-a-dead-idea-but-capitalism-freedom-has-never-truly-existed/...
The only possible way forward would be to eliminate taxes for thereby both sides would no longer have an economic advantage to control government. Politically, we need to end career politicians for this would put the people in a real position of overseeing the bureaucracy. Those terms should be no more than 1 year. Will this solve all the problems? NO! It will not even last forever for one side or the other will find a way to alter the power and seek to attack and exploit the other side with regulation and laws.
This is just the beginning. There is NEVER a permanent solution for there is a cycle at work as well. Capitalism (defined as real free market for both sides) has NEVER existed except for some very few brief periods until one side or the other begins to try to control the other for personal gain.
The performance of his cyclic model at prediction...