Average joe is tired of losing money on snake oil. Socialism is peaking. People want to be taken care of and insured. Boomers are the largest Western age bracket and they are retiring and need to downsize and be more conservative with their finances. The youth are saddled with student debt and often can't find work in the field of their non-engineering degrees.
Your macro views are remarkably similar to my own. The demographic cycle in particular is very compelling to me. I see fascism as the dominant economic and political paradigm, rather than socialism. Bread and circuses for the masses, the dole for the the underclass, subsidies to sop and co-opt fractious demographics, while structural factors are crafted to drain the shrinking productive classes of wealth, and concentrate it with laser focus in the hands of the two major power centers: The deep state, and the financiers. Fiat slavery seems the clearest and most explanatory name for the dominant global system, a serfdom crafted to the tolerance parameters of the indoctrinated bourgeoisie. But the oxygen has been consumed. Flows upon which the homeostasis depends can no longer be supported. Leveraged structures must collapse. Debt must be destroyed. Rigidities must be pulverized, so that the system can be reshaped into something capable of surviving with the current resource profile (including the ruins of the old among those resources). Average joe is just cannon fodder on that scale.
First let me make a post which expounds on this tangent, before I tie it back into price analysis in the next reply.
The solution to the problem of the power vacuum of democracy is to eliminate top-down issues so that people can be free to organize more locally. The technological solution is coming with decentralized technology. For example, 3D printing, flying cars with computerized avoidance systems, decentralized anonymous crypto-currency (Bitcoin isn't decentralized and isn't robust in a fractured internet), decentralized corporations, decentralized social organization over the internet, etc..
Why does local organization work better? Because it is impossible for top-down laws or issues to be optimized to every local situation and especially dynamically because everything is always changing.
The gripe against local organization has been that economies-of-scale can't be attained. This was true in the Industrial Age where fixed capital and stored money were paramount. But with the internet economies-of-scale can be attained even if only 1 in 1000 people are availing of each thingamajig. This is why I have been writing about the coming Knowledge Age and the death of all top-down organization, including the death of passive capital investing such as bonds and usury finance. Instead we will move towards where capital is knowledge. Money will only be a currency and not for storing capital. There will be no way to store capital for long periods of time that isn't knowledge (money will have high rates of debasement in order to fund its decenralized crypto-currency security). The old world overlords will die away along with the socialism masses who don't cross the chasm. This is why their NWO is a death paradigm.
And this is why massive poverty is coming because most people aren't ready to cross the chasm. And this poverty will usher in disease and war. Out of the ashes, will come the Knowledge Age. For a while, the old will hang on and the socialism will become very idealistic (youth are glossy-eyed ready to the "end the corruption" mantra employing more top-down Marxism) and try for the NWO top-down solutions that Armstrong and others espouse. But that is the dying paradigm on the long haul. The Knowledge Age will be growing.
I can see clearly and lucidly the Big Picture how it all fits together in a perfect puzzle.
Get it. Or perish. I am tired of explaining it.
...
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.htmlhttp://www.silverbearcafe.com/private/06.11/owntheearth.htmlIn 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/Refer to my essays linked below...
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Subject:
Armstrong is wrong if he is claiming central banks aren't complicitFrom: AnonyMint
Date: Sat, July 26, 2014 10:17 pm
To: "Armstrong Economics" <
armstrongeconomics@gmail.com>
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http://armstrongeconomics.com/2014/07/26/stockman-v-greenspan-just-absurd/Armstrong is correct that the fundamental problem is the power vacuum of democracy which is inherent in human nature, that allows socialism (i.e. debt, pensions, vested interests) to grow until it strangles the productive economy.
Armstrong is correct that capital moves internationally to escape such peaking socialism, and central bankers could not stop this movement forever as the fundamental rise of socialism is not under their control.
However, Armstrong is contradicting himself as he implies (unintentionally?) that central banks aren't complicit in that they have collaborated to extend the debt bubbles and socialism to prevent a crash and reset that would have otherwise have occurred much sooner. Armstrong wrote about this collusion just days ago:
http://armstrongeconomics.com/2014/07/24/world-central-bank-secret-agreements/Also there is substantial evidence that central banks cause delays in debt and socialism resets. For example, the depression of 1919 was finished in only 2 years, primarily because the government and central banks did not intervene. The defaults proceeded rapidly and the reset and adjustment occurred at full speed. In the 1800s, there were numerous short-lived depressions (or recessions) often due to bank runs because there was no central bank backstopping these private banks who were issuing fractional reserve loans. The resets were more frequent and thus more shallow.
What global central banking has done to use since the early 1900s is sustain (preventing a default and rest of) the largest and longest growth of socialism without a reset since perhaps Rome.
Central banking is an invention of the socialism, for the socialism to sustain itself. Central banking needs to recede for the socialism to recede. They go hand-in-hand together.
Even Armstrong has written about how the Fed was originally charted only to buy corporate bonds. Socialism morphed it. Yeah it is fundamentally human nature at the root cause, and central banking is one of the bad symptoms or artifacts.
Sorry Martin.