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Martin Armstrong Warns Of Civil Unrest Everywhere

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  • Mega
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    Re: Martin Armstrong Warns Of Civil Unrest Everywhere

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  • Slimprofits
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    Re: Martin Armstrong Warns Of Civil Unrest Everywhere

    Originally posted by Mega View Post
    When will normal ecomic laws aply?
    Such as?

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  • santafe2
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    Re: Martin Armstrong Warns Of Civil Unrest Everywhere

    Originally posted by vt View Post
    The greatest problem we have is misinformation. People simply do not comprehend why and how the economic policies of the post-war era are imploding. This whole agenda of socialism has sold a Utopian idea that the State is there for the people yet it is run by lawyers following their own self-interest. The pensions created for those in government drive the cost of government up exponentially with time. The political forces blame the rich and this merely creates a class warfare with no resolution for the future. Even confiscating all the wealth of the so-called rich will not sustain the system. Consequently, we just have to crash and burn and start all over again.
    Unfortunately the writer sees a political problem when we have a resource problem. The end of PCO will lead to unrest while we and our economic system find a workable economic solution that does not rely on very cheap, very power dense and easily available energy. For the most, our economic response has been BAU but the Bakken and other recent finds are a generational delay, not a solution.

    The author is correct in his opening statement, "the greatest problem we have is misinformation", but he doesn't understand that he's part of the problem or that he's completely wrong with his assessment that we can "start all over again". The question begged is, with what? What will be left of the economic engine when it's key resource no longer exists?

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  • Mega
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    Re: Martin Armstrong Warns Of Civil Unrest Everywhere

    Yes.............but When?

    I been waiting since 2004 !
    When we had the panic of 2008 i was full of joy, sure they could go on for a short time....but by 2010 then its game over.............well its 2014, i lost quite a bit of hair in the last 10 years or so...& frankly i am also getting a bit bored.

    WHEN?..........When does someone stand & say the British are bankupt!.....why no run on the £?..........Jim Rickards is as confussed by this as me.

    Only tonight i was walking Bella & the number of SCUM driving lease hire BMW/Merc/Audi....ok they are a smaller number today & the cars are a bit smaller...but still about.

    Where IS the recession, i mean a REAL recession?????

    When will normal ecomic laws aply?
    When?????????????
    Mike

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  • vt
    started a topic Martin Armstrong Warns Of Civil Unrest Everywhere

    Martin Armstrong Warns Of Civil Unrest Everywhere


    Submitted by Martin Armstrong of Armstrong Economics,

    The greatest problem we have is misinformation. People simply do not comprehend why and how the economic policies of the post-war era are imploding. This whole agenda of socialism has sold a Utopian idea that the State is there for the people yet it is run by lawyers following their own self-interest. The pensions created for those in government drive the cost of government up exponentially with time. The political forces blame the rich and this merely creates a class warfare with no resolution for the future. Even confiscating all the wealth of the so-called rich will not sustain the system. Consequently, we just have to crash and burn and start all over again.
    The Guardian reported that some 50,000 people marched in London to protest against austerity. They cried: “Who is really responsible for the mess this country is in? Is it the Polish fruit pickers or the Nigerian nurses? Or is it the bankers who plunged it into economic disaster – or the tax avoiders? It is selective anger.”
    The exploitation by the bankers has been really a disaster. They have been their own worst enemy and in the end, they have become the symbol that inspires class warfare if not revolution. They are not the representatives of those who produce jobs. They are merely those who wanted to trade with other people’s money for free. When they win, it is their’s, but any losses are passed to the taxpayers. Bankers should be bankers – not hedge fund managers who keep 100% of the profits using other people’s savings.

    The repeal of Glass Steagall was the final straw that broke the back of the world economy. That was the single worst act that could have ever been done and we are now paying the price in spades. The collapse from 2007 has wiped out even the liquidity of the markets. The second worst act was the creation of the euro when the real goal was the federalization of Europe from the outset. That undermined the entire European banking system and has led to a serious undermining of the entire global economy.
    The solutions from politics will always be the same – grab more power. We are in a downward spiral of liberty and how far we go down this path to the future will be determined by the people and if they at least wise up and see this is not class warfare, it is the people against government. This is why I say career politicians are dangerous for they can be bought way too easily as Clinton was to open the flood gates for the bankers.
    This is not going to end pretty. The question is when does society wake up? Just how high will this price be that we have to pay? They will blame the rich and the idiots will cheer – get them. What will happen when there is no more wealth to hunt? We end up with a communist state by default – no wealth, just career politicians who blame everyone but themselves.


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