All fiat currencies eventually fail, the only money that will be left standing are gold & silver (precious metals). Those who do not fully understand and prepare for the coming collapse cannot reasonably expect to survive (it)
This is an *unofficial site. Subscribe for updates at the official site ArmstrongEconomics.com. Martin Armstrong, America's #1 Political Prisoner, author of the Economic Confidence Model based on an 8.6 year business cycle theory inspired by the work of Nikolai Kondratieff.
Martin Armstrong is currently in prison. Indicted in 1999 on charges of defrauding Japanese investors. He was in jail for seven years for contempt of court before pleading guilty in 2007 to the fraud charge for which he received an additional five year prison term. Armstrong claims his legal problems started when he failed to play ball with "The Club". His imprisonment is one of the longest under a contempt of court order without a trial. Coincidentally, prior to his guilty plea, his final appeal for release (relating to indefinate imprisonment for contempt of court) was denied by (recently promoted) U.S. Supreme Court Justice Sonia Sotomayor.
On martinarmstrong.org there are economic essays (pdf format) written in prison covering global economic history; future trends and first hand accounts of market manipulation by the largest financial institutions ("The Club") "untouchable" by the U.S. Justice System. Also included are the most recent court filings in connection with Armstrong's continuing quest for due process denied him by that same U.S. Justice System
June 19, 2010 — Max Keiser is on the edge speaking to Loren Howe. Max discusses the financial news where future financial scandals, market crashes and monetary crisis begin, be there before it happens. Max declare's free market capitalism is over. Economic warfare! They discuss the debt based currency system we have and how it enslaves our society to the banksters/oligarchs.
ECB must buy 'hundred of billions' of bonds to tame Europe's debt crisis
Fitch Ratings has warned that it may take massive asset purchases by the European Central Bank to prevent Europe's sovereign debt crisis escalating out of control. By Ambrose Evans-Pritchard Published: 8:19PM BST 17 Jun 2010
Another fantastic interview and some typically outspoken observations from everyone's favorite Doom and Gloomer:"I think that governments have become like a cancer, they have expanded in the financial system...The biggest problem is too much intervention. Whatever the government touches is usually done worse than in the private sector. I think any government intervention has unintended consequences and is negative. Eventually the market will break the intervention and things will blow out...People who tell me about the big deflation in Japan, why don't they spend a day in Tokyo? It's still the most expensive city in the world. At this level I'm not particularly interested in buying anything. I buy gold, I don't know what else to buy." Faber expects another worse crisis to happen in five to ten years, "when the whole financial system collapses" - the reason: the debt problem has been kicked down the road without actually being sold. "I think US Fed, ECB and other central banks have no other option, they will continue to monetize and buy bad paper, period. The central bankers are precisely the ones that don't know that excessive money creation and excessive debt creation leads to a crisis down the road. The ECB will talk hawkishly, but act dovish, like the Fed in the US." Must watch 20 minutes.
The Fed's Purchase of US Sovereign Debt: "The US Treasury is under the Control of the Fed’s Owners". US, UK and European financial systems are on the way to collapse by Bob Chapman The International Forecaster June 16, 2010
"The foregoing events lead us to other manifestations of trouble, real trouble. For the past four years all currencies have fallen versus gold and silver. The US dollar has been falling for 11 years versus gold and silver. What gold is telling you is that the US, UK and European financial systems are on the way to collapse. The cover-up cannot go on and all the players know that. They are all living in the theater of the absurd. What politicians in all these countries are doing is what they are being told to do. If they do not do what they are told they will never hold public office or be a bureaucrat again. If what they do is serious enough they will be liquidated. What is happening financially, fiscally and monetarily is unnatural. There is absolutely no way the system can be fixed. If these politicians and their handlers believe this they are doomed. They have pulled this hundreds of times and each time they have been unsuccessful. This time will be a disaster for the Illuminists due to the Internet and talk radio. This time they will escape nothing. We live in a decadent, immoral financial system that has to fall. In this sort of environment only gold and silver can protect your assets."
Turn Your Fiat Currency Into Real Money (Gold & Silver) before it all becomes worthless
Toilet Paper Money
All Fiat Currencies Eventually Fail
For Gods Sake Trevor Always You With That Conspiracy Stuff
I'm Telling You - The Man And The Dog Are Definitely Working Together
Greenspan's Ominous Shift
“Fiat money has no place to go but gold. If all currencies are moving up or down together, the question is: relative to what? Gold is the canary in the coal mine. It signals problems with respect to currency markets. Central banks should pay attention to it.”
The US Dollar since 1913
The US Dollar since 1913 & Gold
The Great Credit Contraction
The printing presses cannot cope with all of this.
Famous Investor Marc Faber: "I Buy Gold, I Don't Know What Else To Buy" on CNBC 6-17-10
"The world has gone from the greatest synchronized global economic boom in history to the first synchronized global bust since the Great Depression. How we got here is not a cautionary tale of free markets gone wild. Rather, it's the story of what can happen when governments ignore market signals and central bankers believe in endless booms." Investor Marc Faber
Ben Bernake
You can't print your way to prosperity.
"Your" New $100 Federal Reserve Note
"I don't fully understand movements in the gold price" - Ben Bernake - June, 2010
John Adams
"There are two ways to conquer and enslave a country. One is by the sword. The other is by debt." – John Adams
Charles A. Lindbergh - In 1913, he wrote Banking, Currency, and the Money Trust
"This Act establishes the most gigantic trust on earth. When the President signs this bill, the invisible government by the Monetary Power will be legalized. The people may not know it immediately, but the day of reckoning is only a few years removed. The trusts will soon realize that they have gone too far even for their own good. The people must make a declaration of independence to relieve themselves from the Monetary Power. This they will be able to do by taking control of Congress. Wall Streeters could not cheat us if you Senators and Representatives did not make a humbug of Congress... The greatest crime of Congress is its currency system. The worst legislative crime of the ages is perpetrated by this banking bill. The caucus and the party bosses have again operated and prevented the people from getting the benefit of their own government." - In Reference to the Federal Reserve Act 1913
Sir Alan Greenspan
"Gold is the ultimate form of payment in the world." - Sir Alan Greenspan 2008
CNBC's Rick Santelli
"I can't remember the exact quote but when I used to trade and Mr. Volcker was Fed chairman, he said something like 'gold is my enemy, I'm always watching what gold is doing', we need to think why he made a statement like that. If you're a central banker or one of the congressmen or senators, watch what gold is doing because this is a no-confidence vote in fiscal and dollar policy."
Albert Einstein quote about The Illuminati
"The ruling class has the schools and press under its thumb. This enables it to sway the emotions of the masses"
American Comedian George Carlin
"Forget The Politicians. The Politicians are put there to give you the idea that you have freedom of choice… you don’t. You have no choice. You have owners. They own you!" – George Carlin
JP Morgan
"Gold is money, period."
Woodrow Wilson, after signing the Federal Reserve into existence
"A great industrial nation is controlled by its system of credit. Our system of credit is privately concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men ... [W]e have come to be one of the worst ruled, one of the most completely controlled and dominated, governments in the civilized world—no longer a government by free opinion, no longer a government by conviction and the vote of the majority, but a government by the opinion and the duress of small groups of dominant men." - Woodrow Wilson, after signing the Federal Reserve into existence
George Bernard Shaw
"You have to choose (as a voter) between trusting to the natural stability of gold and the natural stability of the honesty and intelligence of the members of the Government. And, with due respect for these gentlemen, I advise you, as long as the Capitalist system lasts, to vote for gold."
The Strong Zimbabwe Dollar Policy
US Treasury Secretary Tim Geitner, Fed Chairman Ben Bernake & President Obama must admire Zimbabwe's Central Bank Governor Gideon Gono & their leader Robert Mugabe's economic policies
Sir Alan Greenspan quote from 1966 paper Gold & Economic Freedom
"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. ... This is the shabby secret of the welfare statists' tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists' antagonism toward the gold standard."
John Adams in a Letter to Thomas Jefferson
"All of the perplexities, confusion, and distress in America arises, not from the defects of the Constitution or Confederation, not from want of honor or virtue, so much as from downright ignorance of the nature of coin, credit, and circulation." - John Adams
The United States Constitution
"No state shall emit bills of credit, make any thing but gold and silver coin a tender in payment of debts, coin money---." - Article One, Section Ten, US Constitution
The Honorable Ron Paul
"When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans." - Ron Paul
Henry Ford
"It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
The Honorable Louis Thomas McFadden
"The Federal Reserve (Banks) are one of the most corrupt institutions the world has ever seen. There is not a man within the sound of my voice who does not know that this Nation is run by the International Bankers." - Rep Louis T. McFadden Speech denouncing the Federal Reserve System 1932
Fredrick August von Hayek
"With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people." - Hayek
John Maynard Keynes
"If, however, a government refrains from regulations and allows matters to take their course, essential commodities soon attain a level of price out of the reach of all but the rich, the worthlessness of the money becomes apparent, and the fraud upon the public can be concealed no longer." - Keynes The Economic Consequences of the Peace page 240
The Honorable Ron Paul
"Of course I've already taken a very modest position on the monetary system, I do take the position that we should just end the Fed." - Ron Paul
Karl Marx
“Although gold and silver are not by nature money, money is by nature gold and silver.” – Karl Marx
Rep. Louis T. McFadden
"The Federal Reserve Board and the Federal Reserve banks owe the United States Government an immense sum of money. We ought to find out the exact amount of the people's claim. We should know the amount of the indebtedness of the Federal Reserve Board and the Federal Reserve banks to the people and we should investigate this treacherous and disloyal conduct of the Federal Reserve Board and the Federal Reserve banks." Louis T. McFadden denoucing the Federal Reserve before Congress 1932
Hitler was against freedom & against gold
"Gold is not neccesary. I have no interest in gold. We will build a solid state, without an ounce of gold behind it. Anyone who sells above the set prices, let him be marched off to a concentration camp. That's the bastion of money." - Hitler
James Madison
"History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling the money and its issuance."
Thomas Jefferson
"I believe that banking institutions are more dangerous to our liberties than standing armies... if the American people ever allow private banks to control the issue of currency...the banks and corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent that their fathers conquered." - Thomas Jefferson
Baron Nathan Mayer Rothschild
"I care not what puppet is placed on the throne of England to rule the Empire, ...The man that controls Britain's money supply controls the British Empire. And I control the money supply."
Mayer Amschel Rothschild
“Give me control of a nation's money and I care not who makes the laws"
