Obviously that was an error, and I have observed that Armstrong has made other errors in the past of misconstruing facts such as the shrapnel he claimed was possibly machine gun fire in the downed airplane over Ukraine. That leasing claim at the Capitol seemed bizarre to me and I was in rush.

Two possible causes of this and the second also applies to myself, is becoming too enamored with one's own truth and being too overworked to maintain perfect research on every one of dozens of things one is multitasking on each day.

Note Armstrong has removed the link to the New Yorker article from his blog post. Yet he didn't retract the blog post.

I think I can explain Armstrong's motivation, given I have traded emails with him and argued with him earlier this year. He believes the only hope is to wake up the people to put a stop to the corruption before it can drag us into another Dark Age. Thus he probably views the importance of getting shocking information out there to outweigh any pedantic errors. In other words, he doesn't want to give any reason for readers to doubt the seriousness of the situation we face. This is one of his personality flaws and one of the reasons I don't blindly follow him.

Also I suspect that Armstrong views humor as data, and may have verified historically and statistically that it foreshadows the opinion of the public as to the actual truth behind the curtain.

But Armstrong's overall point is correct, the banksters are taking over for they partially repealed Dodd-Frank and increased the bribes they can give to the political parties from $32,400 to $324,000.

And Armstrong is finally coming to realize my long standing argument with him that there is a globalist plan to control the world with essentially one-world control over the money (whether it first takes the form of regional currencies and regional free trade zones is irrelevant to the point):

http://armstrongeconomics.com/2014/12/15/where-do-we-hide-was-dante-right-is-the-end-near/
http://armstrongeconomics.com/2014/12/14/fatca-going-worldwide/

Have you noticed with the recent FIBA basketball championships, the advertisements on the TV are "Oceania, Asia, Europe, Americas, etc"? The 10 Kings regions of the Bible are taking form, and powers-that-be are pitching the regions to us via their control over mass media. The games of Rome to keep the people preoccupied (away from the ominous clouds forming) and program their minds.

Unlike Armstrong, I don't believe the masses can ever be saved. Never has that been the case, e.g. in the French Revolution they accomplished in the end totalitarianism under Napoleon. Nature purges the masses such as with the Black Death that killed a majority of Europe's population. I believe the powers-that-be will win control over the mainstream monetary system and they and the masses will decline together in a morass. I hold my hope in the bifurcation of the economy into a dying Industrial Age (which the powers-that-be and masses control) and a fledgling Knowledge Age which is controlled by the hackers and knowledge creators.

I understand Moldbug's "Only One Currency Can Win" which Satoshi also apparently validated.

And I have explained how I think a bifurcated economy could violate Gresham's Law and allow for two monetary units to coexist globally analogous to how national currencies coexist due to a Coasian barrier of individuals not trading directly internationally.

The one unit will be controlled by the banksters and the masses and this will be the 666 slavery system. The other crypto-currency unit will be for those who hold their "unit-of-account" in "units-of-knowledge". You see as a hacker, you don't care about money as a store-of-value, power-law distribution enslavement paradigm. We care about code and the freedom (power) to build (software, 3D printing designs, etc). The models of remuneration employed thus far for "open source" have depended mostly on large corporate funding. This has locked us hackers into the Theory of the Firm rigor mortis paradigm but remember knowledge can't be enslaved nor financed monetarily. Whereas what we really need is direct remuneration via micro payments.

Note the banksters need this alternative monetary unit too. For they need a place to hide their wealth from their own morass, and because if they squelch all knowledge formation, they will destroy their cancer's host and perish. Precious metals are no longer even functional in the competition against knowledge.

Do understand that everyone who is creative and likes to build things is a hacker.

I believe I know what needs to be done in terms of an altcoin. But getting it done may be more than one man could do timely.