Armstrong claims that a republic will always change into an oligarchy.
ol·i·gar·chy
/ˈäləˌɡärkē/
noun
noun: oligarchy; plural noun: oligarchies
- a small group of people having control of a country, organization, or institution.
- a country governed by an oligarchy.
At the same time, A democracy has always devolved into socialism & communism.
Armstrong now advocates Democracy. The problem isn't so much the system.
The problem is human nature. Everybody wants to live an easy life supported by the work of others.
A democratic republic was hoped to be the solution as offered by the founding fathers.
Now, there is a big push to eliminate the electoral college. This would further enslave / impoverish the rural areas in debt-service to the much more populated cities.
The beggars, bankers and bureaucrats see funding slipping away as the producers grow ever-poorer.
The new domestic terrorism laws are expected to keep the producers hard at work and locked down.
NOBODY will be allowed to write or speak of anything that has to do with freedom of any kind.
Armstrong;
All the scenarios of gold etc., as the hedge against inflation will fail. We are in a world where you cannot transfer all your assets into gold and hop on a plane — they will confiscate everything you have. We will be running Socrates on overtime. It appears we have higher volatility coming from a February turning point. But in all honesty, we will probably have to restrict those suggestions to the private blog because we have blocked Google from searching that forum — the Basic Level of service that includes private blog access is only $15 a month. We will have to let Socrates do the forecasting, for there can be no bias nor allegations of a computer being a domestic terrorist. Everything that 9/11 did to target foreign terrorists will now be turned inward against Americans if you are using the words “freedom,” “rights,” or “liberty.”
https://www.armstrongeconomics.com/p...ates/what-now/
Armstrong;
ANSWER: We have entered a new Cold War which will eventually turn hot. The Politicians are using COVID to destroy the economy deliberately to usher in a new age of Authoritarianism.
The world is falling apart and every possible thing the Democrats are doing is leading to the Great Divide which will fracture the United States and fulfil what our model has been forecasting to my regret.
This is not a forecast that gives me any pleasure. I simply interpret what the computer has done. There will be no returning to normal. We have passed the point of no return. Now we have to look at where to park money to survive the chaos ahead.
Armstrong predicted the crash in sovereign debt. The State is / was well aware of the approaching crash.
The bond vigilantes would no longer buy State debt. The CB took that over.
The stock market had no earnings. The CB / FED took over the job of pumping up markets. You got richer on paper because stocks rose regardless of earnings.
Wet ink money supported all the markets.
Excellent article from C. H. Smith.
https://www.zerohedge.com/markets/fi...ancial-tidbits
4. Financial assets as a percentage of Gross Domestic Product (GDP) hit an all-time extreme. Note that in the "Glorious Thirty" postwar years (1946-1975) of broad-based prosperity, financial assets were around three times GDP. Now financial assets are over six time the GDP.
This ratio increased with every one of the three bubbles since the mid-1990s: the dot-com bubble in 1999-2000, the Global Financial Meltdown in 2008-09 and now the bubble of 2020-21
Each bubble has been bigger because the POTUS didn't want a crash on his watch.
https://www.zerohedge.com/markets/fi...ancial-tidbits
The CB has bought up every market to try to keep sentiment from creating a final crash. At the same time, the Marxists are deliberately trying to crash the economy.
1/14 Lockdowns: one of the greatest economic blunders in history – Daily Reckoning
It doesn't look to get any better.
965k Americans filed for first time jobless claims in the first week of 2021 - a massive jump from last week's 784k and well above expectations of a 789k rise...
Stocks, Yields Rise On Expectations Of "Biden's Trillions"
World Bank Head Sees "Quiet" Financial Crisis Brewing As Pandemic Lingers
Yields Surge As Stunned Traders Learn Biden To Propose Massive $2 Trillion Stimulus
A Nation Imploding: Digital Tyranny, Insurrection, And Martial Law
How COVID Paved The Road To Serfdom
California Is Worse Than You Think
here is little or nothing that the current progressive state government has done that promotes the promotion of real wealth in California, yet even as state authorities actively destroy economic opportunities, the voters respond by demanding more of the same...
Leave a comment: