1. | I agree entirely with everything Martin Armstrong wrote at the above linked blog post. Also add the following about gold for the next year or so: http://armstrongeconomics.com/2014/07/29/gold-the-false-rally/ http://armstrongeconomics.com/2014/07/01/gold-the-future/ http://armstrongeconomics.com/2014/06/04/ecuador-goldman-gold/ http://armstrongeconomics.com/2014/05/29/precious-metals/ http://armstrongeconomics.com/2014/08/28/cycle-inversion-staging-ground-for-2032/ The dollar will come stronger because that is the most liquid, safest market (e.g. dollar denominated real estate and stocks) to park capital as Europe and Japan are near the Minsky moment flash crashes, or at least slow motion crashes underway: (I HAVE WRITTEN MORE BELOW THIS LONG LIST OF LINKED POSTS) http://armstrongeconomics.com/2014/07/24/world-central-bank-secret-agreements/ http://armstrongeconomics.com/2014/07/27/manipulating-central-banks/ http://armstrongeconomics.com/2014/07/24/world-central-bank-secret-agreements/ http://armstrongeconomics.com/2014/06/24/us-uk-central-banks-look-to-rates-rising-in-autumn/ http://armstrongeconomics.com/2014/06/18/bank-of-england-to-raise-rates-not-lower/ http://armstrongeconomics.com/2014/08/29/germany-unemployment-jumps/ http://armstrongeconomics.com/2014/08/26/french-new-government-same-direction-death-of-europe/ http://armstrongeconomics.com/2014/08/23/eu-wants-to-regulate-farting-that-they-say-is-2-cause-of-global-warming/ http://armstrongeconomics.com/2013/07/29/spain-taxing-sunlight/ http://armstrongeconomics.com/2014/07/18/who-is-in-that-hated-top-1-could-it-be-you/ (socialism is egregiously out-of-control) http://armstrongeconomics.com/2014/08/25/draghi-emerges-from-jackson-hole-stating-germany-is-wrong/ http://armstrongeconomics.com/2014/08/25/yellen-jackson-hole-the-central-bank-marxist-festival/ http://armstrongeconomics.com/2014/08/23/draghi-blames-ukraine-for-euroland-deflation/ http://armstrongeconomics.com/2014/08/22/deflation-and-yet-another-reason-to-buy-equities/ http://armstrongeconomics.com/2014/08/21/sp500-still-on-tract-to-test-3000-level/ http://armstrongeconomics.com/2014/08/21/ecb-to-flood-southern-europe-with-trillion-euros/ http://armstrongeconomics.com/2014/08/19/crisis-collapse-in-world-capital-flows/ http://armstrongeconomics.com/2014/08/18/the-latest-in-the-derivative-nightmare-on-the-horizon/ http://armstrongeconomics.com/2014/08/14/big-bang-sovereign-debt-crisis/ http://armstrongeconomics.com/2014/08/07/italy-moves-into-recession-the-end-of-democracy/ http://armstrongeconomics.com/2014/08/05/capital-flows-domestic-v-international/ (Armstrong explains how he discovered his model's power) http://armstrongeconomics.com/2014/08/05/cameron-lashes-out-against-putin/ http://armstrongeconomics.com/2014/08/05/the-shift-from-west-to-the-east/ http://armstrongeconomics.com/2014/08/04/sanction-against-russia-set-the-stage-for-the-next-real-big-crash/ http://armstrongeconomics.com/2014/07/31/the-euro-a-dying-currency/ http://armstrongeconomics.com/2014/07/31/dow-jones-outlook-for-july-2014-closing/ http://armstrongeconomics.com/2014/07/31/argentina-defaults-assets-rise/ (acceleration coming in November) http://armstrongeconomics.com/2014/07/31/hungary-abolishing-democracy/ http://armstrongeconomics.com/2014/07/30/why-we-will-go-to-war-with-russia/ http://armstrongeconomics.com/2014/07/21/the-energy-hidden-agenda/ http://armstrongeconomics.com/2014/07/26/pensions-have-always-destroyed-society-just-like-detroit/ http://armstrongeconomics.com/2014/07/12/real-estate-the-global-view/ http://armstrongeconomics.com/2014/07/10/german-municipals-in-trouble/ http://armstrongeconomics.com/2014/07/07/swiss-proposal-to-end-private-banking/ http://armstrongeconomics.com/2014/07/06/feel-of-europe/ http://armstrongeconomics.com/2014/06/30/japan-free-at-last-to-wage-war/ http://armstrongeconomics.com/2014/06/28/christine-lagarde-the-most-dangerous-woman-in-the-world-imf-advocates-taking-pensions-extending-maturities-of-govt-debt-to-prevent-redemption/ http://armstrongeconomics.com/2014/06/28/collapse-of-democracy-in-europe/ http://armstrongeconomics.com/2014/06/24/banks-runs-in-bulgaria/ http://armstrongeconomics.com/2014/06/15/austria-starts-the-default-once-again/ http://armstrongeconomics.com/2014/06/02/french-economy-slips-below-even-greece-last-place-in-europe-productivity/ http://armstrongeconomics.com/2014/05/18/german-politicians-promise-unfunded-pensions-just-to-win/ |
2. | And the above ongoing and forthcoming rush into the dollar markets is why the USA is not worried about the ramifications of bullying the entire world on any thing that involves a dollar or USA supra-sovereign jurisprudence: http://armstrongeconomics.com/2014/06/02/facta-july-1st-77000-firms-worldwide-turning-over-info-on-americans/ http://armstrongeconomics.com/2014/08/21/death-of-the-dollar/ http://armstrongeconomics.com/2014/07/16/huge-fines-on-banks-moving-capital/ http://armstrongeconomics.com/2014/07/15/killing-the-dollar/ http://armstrongeconomics.com/2014/06/25/feds-exit-tax-on-bonds-confirms-liquidity-crisis/ http://armstrongeconomics.com/2014/08/22/how-judges-are-destroying-the-world-economy/ http://armstrongeconomics.com/2014/08/18/why-the-free-press-cannot-co-exist-with-federal-judges/ http://armstrongeconomics.com/2014/08/20/yahoo-fighting-back-moving-out-of-london-to-preserve-security/ http://armstrongeconomics.com/2014/08/12/fatca-unconstitutional-even-in-canada/ http://armstrongeconomics.com/2014/08/16/the-bureaucracy-can-remove-any-elected-official-at-will-killing-democracy-right-now/ http://armstrongeconomics.com/2014/08/16/perry-guilty-or-innocent/ |
3. | Other than the "ancient relic" epochs in which gold was used as currency (which won't work any more because commerce is predominantly electronic, even at gas stations), the role of gold is a hedge against breakdown in civilization to the point that normal investments don't function reasonably as a store-of-value. But note that if the severity of Mad max is too great, then even gold does not function as reasonable store-of-value over the near-term because food and survival-mode becomes the currency, e.g. rice in Japan during its 600 year Dark Age and the abandoned hordes of gold still being dug up from the Dark Age that followed the Western Roman empire. (Physical) Gold is a tiny $40 billion market (thus it can't adsorb the $250+ trillion global net worth and it won't take much capital to send it rocketing up in value) and we will see it rise in value as western civilization raises taxes and capital controls to finance the terminally ill cancer of socialism-gone-mad. Which will accelerate after 2015.75 (Sept 30, 2015). Armstrong had made the point that not all traceable assets such as real estate (which the Europeans and Chinese are buying in the USA to "get off the grid" to hide wealth from their own countries) can be confiscated because it would result in a total breakdown of civilization. My rebuttal is that it won't be outright blanket confiscation (decree) rather tax avoidance will be the catalyst by which these traceable assets are liquidated to pay tax judgments and the G20 will be cooperating with each other and the NSA to make sure all assets are traced. And a slow grinding ratcheted breakdown of civilization is the desired outcome of the global elite so they can bring about their NWO outcome, because in order for them to maintain control as the Industrial Age dies and the Knowledge Age grows, they need to increase their economies-of-scale and bring the masses (who can't cross the chasm to the Knowledge Age) down into the abyss of their dying epochal paradigm. http://www.silverbearcafe.com/private/01.10/thinklikeabanker.html http://www.silverbearcafe.com/private/06.11/owntheearth.html In the following linked blog post, Armstrong failed to grasp that "let me control the currency, and I care not who makes the laws"- Rothschild. Who ever issues the one-world currency, controls the world. If the one-world ends up as a decentralized crypto-currency which no one controls, then Armstrong's point below would be valid. But Armstrong doesn't even believe crypto-currency can remain independent of government (although we smart programmers and technologists disagree with him on that point). If we are correct, then crypto-currency will gain much more value than gold will and gold would be relegated to tangible store of wealth that can be moved (anonymously) across borders by selling it for crypto-currency and repurchasing with crypto-currency. http://armstrongeconomics.com/2014/05/28/one-world-government-impossible-one-world-currency-inevitable/ http://armstrongeconomics.com/2014/05/31/21572/ (Silver & gold coins) http://armstrongeconomics.com/2014/05/30/gold-the-black-market-50000/ Quote from: Armstrong The maximum price projection for 2032 seems to be the $22,000 to $24,000 dollar level. That is derived purely technically not my opinion or what I think. That is not even a forecast saying that is where it will rise to reach by 2032. That is just what it is answering a question as to how high is it possible FROM A TECHNICAL perspective for gold to reach. ... For the individuals it is one way to get off the grid, although they do track who is buying and how much. You cannot hop on a plane anymore and carrying a brief case full of gold bullion will only justify its confiscation. We have to be concerned about our financial privacy, which the government has converted to a crime of money laundering that amounts to just hiding money from their reach. True, high net worth investors should purchase gold, not for financial gain, but as the hedge against government, which it appears we may need in the years ahead. We are headed into negative interest rates and a new world of digital currency for then nothing will be private. Those who think they can create their own currency good luck. Aint gonna happen. It is government that has the tanks not the Rothschild. The digital currency will come AFTER 2015.75. Those who thought they were clever and think they can make tax-free income in Bitcoin, all I have to say is been there done that. There were tax straddles that allowed people to push income from one year to the next using futures. They were sold by the major brokerage houses in the late 1970s. The IRS allows such schemes to progress, then hits them with huge interest, penalties, and sometimes criminal prosecutions. If anyone thinks they can use Bitcoin tax-free good luck. You are probably destined for real tax-free living at the closest Federal prison. Dont worry, like Motel 6 they will keep the light on for ya. How does one liquidate their gold holdings in a private manner? Good luck. The French went after coins shows requiring that they report all attendees. The shows no longer go to Paris. The coin and bullion dealers were by law in France barred from dealing in cash. The French started to travel to Belgium to buy and sell gold. The French complained to Belgium and hence we now have coordinated G20 level monitoring. So gold may no longer provide the easy way to facilitate life as it once did. It will depend upon someone taking it in barter and to understand that possibility, you have to use coins not bars. I know gold refiners and they must report every gram in and out even if it is coming in and out from overseas. So the Feds know who buys and sells metals. Will the have to smuggle metal out if the country to be paid in cash? There comes the metal detectors and Xrays. Then just traveling with more than even $3,000 is a presumption of guilt and they get to just seize it. Perhaps now you are starting to get a feel for why the NSA really monitors everything. We did not support Ukraine with boots on the ground because there was no profit compared to Iraq that filled to coffers of friends of the court and family members. The NSA has really been tracking money more so than terrorists it could not detect like the Boston Bombers. Will there be a black market for hard cash in the states? Ultimately, how does gold help protect folks from an out of control government? Gold may still be viable outside of the major cities the further you get off the grid. However, keep in mind that absent moving too far into a Dark Age where even gold loses all value, such a period historically tends to last 3.5 to 6 years max. Dark Ages you multiply that by 100. http://armstrongeconomics.com/2014/07/02/when-will-the-monetary-system-crack/ Quote from: Armstrong This brings us most likely to the Pi cycle target after 2024.35. That is when 911 took place to the day and when Greece began with the realization that there was trouble in the sovereign debt world of Europe. This previous 8.6 year wave that peaked in 2007.15 was just the beginning with the realization of the Sovereign Debt Crisis. The current wave that peaks in 2015.75 should start the debt crisis with more government being forced into insolvency. This is what the IMF proposal is all about and the Fed looking to impose an exit tax on the most liquid market in the world US debt. The next wave 2024.35 will be the pulling apart of the world monetary system and the peak of this wave in 2032.95 is most likely where the tangible assets rise as a store of value in a world of uncertainty with respect to the medium of exchange. http://armstrongeconomics.com/2014/08/05/beware-2025/ Quote from: Armstrong We are most likely going to see a financial crisis that engulf the pensions and the sovereign debt crisis. The preliminary target seems to be really off in 2025. However, 2020 will be the first big crack. We seem to be headed for the electronic currency as the first fix. But we will see this migrate to the replacement of the reserve currency, which I believe will be a basket of the major currencies administered by some agency, I sure hope will not be the IMF. However, I would bet against my luck on that one. Gold may not reach its final peak until 2025. http://armstrongeconomics.com/2014/08/05/war-commodities/ http://armstrongeconomics.com/2014/06/02/getting-off-the-grid/ http://armstrongeconomics.com/2014/06/02/getting-off-the-grid-2/ http://armstrongeconomics.com/2014/07/06/getting-off-the-grid-cars-as-well/ http://armstrongeconomics.com/2014/06/18/public-v-private/ http://armstrongeconomics.com/2014/06/24/gold-the-private-wave/ http://armstrongeconomics.com/2014/07/06/the-6th-wave-shift-pubic-to-private/ http://armstrongeconomics.com/2014/06/16/while-the-talking-heads-keep-talking-bearish-crash-central-banks-buy-equities-the-shift-from-public-to-private/ |