Martin Armstrong

[Depleted]

Myself, and many others will be seeing Martin Armstrong as a guest speaker at the 2012 World Outlook Financial Conference here in Vancouver Feb 10,11th 2012. Hope it is worth the money. The last time I saw him, I went to one of these conferences in Vancouver in 1987. So it should be fun, also note James Dines will also be there. I do look forward to it...
Cheers, D.
P,.S. Did you get positioned on the uraniums?

[dananini]

Depleted, good to hear from you as always...what names are you thinking about in the u's?

[dananini]

Stupid me, Depleted. I do know one of your favorites. 50% in a month ain't bad. Takes balls though.If the overall markets and commodities rally more from here, there's probably another 50% in it.

[MetalMeister]

http://armstrongeconomics.files.wordpress.com/2011/11/armstrongeconomics-financial-armagedon-110411.pdf

[JDH]

I read Martin Armstrong's latest, and I can't tell if he's a genius, or crazy.

I like the gold prediction where he says on page 47 "From a timing perspective, you may want to consider taking profit if new highs are established during 2014, 2015, 2017, 2020 or at the latest 2027."

Okay, I'll make a note to myself; if gold makes a high in 2027, sell...........

[MetalMeister]

Well, genius or crazy, Martin is definitely doing everything he can, with time running out, to make a buck, after all these years, with consulting and conferences.

[JDH]

Agreed; I don't blame the guy.  Like all prognosticators the trick is to make your predictions confusing enough that it's difficult to tell if you are right or wrong.  I wish him the best.

[sunseeker]

http://armstrongeconomics.files.wordpress.com/2011/11/armstrongeconomics-financial-armagedon-110411.pdf

Hi MM
Back on form. 

From the Martin Armstrong link...

Banks that were primarily regulated NOT by the Federal Reserve, but by the SEC and CFTC! The SEC and CFTC are directly responsible for everything instead of merging and reforming them, they are handed more power to abuse. They regulated the Investment Banks and derivatives. They were supposed to be the first line of defence.

Yet, they have NEVER managed to ever prevent a single crisis or scandal from Madoff to the collapse of Lehman and Bear Stearns not to mention the quick and dirty sale of Merrill Lynch to prevent that from going into oblivion. They have served no purpose and protected the very people that created the economic crisis.

I've had first hand experience working in nationalised and government subsidised industry. British Rail, and British Leyland. Both of which would still be a massive drain on the taxpayer if government hadn't put them in private hands. I've also worked extensively on government contracts.
If I was to sum these experiences up? Mind boggling inefficiency and waste. Much of it by design (deliberate).


All of which bears out the conclusion which I came to long ago.
The best regulation comes out of competition, true capitalism, and minimal (but intelligent) government interference. No cabals, or market rigging. Let market forces dictate the outcome.

Very good video.
Nigel Farage MEP (the nearest we have to Ron Paul here in the UK, and Europe)...

http://kingworldnews.com/kingworldnews/Broadcast/Entries/2011/11/9_MEP_Nigel_Farage.html

“There seems to be no limit to the stupidity of these people.”

                We're being set up for dictatorship.

Now let's here from the real thing.

Ron Paul

http://www.youtube.com/watch?v=PoHn70Y94BA&feature=youtu.be

Ron Paul seems to me to be the only man up to the job.

One man one chance of getting it right.

Choose wisely.


“Obama will Resign and for Good Reason”....


http://canadafreepress.com/index.php/article/37677

ATB 

[MetalMeister]

As I read Armstrong, he makes a historical case that money cannot be based on gold and he seems to be for a fiat currency (with his controls) which to me would then mean the original backing of the currency is "the faith of the American people".

Am I getting this deduction right?  Someone please chime in!

But when you listen to Ron Paul, he definitely comes down on the side of sound money backed by something real.

Anybody got any idea where the rubber meets the road here?

edit*  Just want to add the one thing I hear Armstrong saying is that in a gold backed currency you necessarily get to a liquidity crunch at some point in time.  is that what everyone else hears him saying?

Agreed; I don't blame the guy.  Like all prognosticators the trick is to make your predictions confusing enough that it's difficult to tell if you are right or wrong.  I wish him the best.

SS, thanks for the Ron Paul video!

[sunseeker]

Hi MM

My two peneth worth..........

Gold and silver are the currencies of last resort. You buy gold or silver with fiat, and you sell gold or silver for fiat. The general public only start to regard gold and silver as a currency when it's too late. A country's currency has failed or inflation is so rampant that prices are noticeably moving in a very short time period.


http://seekingalpha.com/article/303973-7-reasons-to-hate-gold-as-an-investment-debunked

4. Gold Still Ends Up Being Tied To the Fiat. Okay, this one is technically right. It’s true that the value of gold has a very strong connection to the current value of currency, so the government decisions regarding one will influence the other. In fact, it’s been mentioned in several prior articles that whenever the value of the fiat goes down, gold goes up. So I suppose this may be viewed as a legitimate drawback, but compared to what? This is  ertainly also true of any precious metal and of any investment that is dependent on the stock market. Honestly, what is there to invest in that isn’t tied to any fiat?

As we are I can go into any store etc. and buy what ever I want with fiat. Like it or not fiat is regarded as the most acceptable and liquid means of payment. In that respect as things stand gold and silver have limitations.

All that will change when the penny finally drops.

No politician in power is ever going to point out the potential failure of the national currency and cause a panic. What percentage of the population hold a significant amount of gold or silver? Very few I suspect. In a failure scenario there wouldn't be enough gold or silver for practical purposes. Some kind of two tier system?
The banks and countries extensively use gold for settlement. Gold can't default. Gold always has a value and golds purchasing power holds up over time.



The buying power fiat currencies erodes over time.  They trust only gold, but they don't want everyone else to think the same way about gold that they do.


China is one of the few countries encouraging its citizens to buy gold and silver, and also building the country's national reserves. As a result when it hits the fan there will probably less unrest in China than in other countries when the $hit hits the fan (and their currency reserves are devalued). 


I do believe that governments all over the world will seize private pensions in order to fill the black holes in their finances.

Not to put too fine a point on it, if you've no (or too little) physical gold or silver in your possession then you're on the road to serfdom.

Off out early for the day tommorrow (Clitheroe). 

 
ATB 

[MetalMeister]

nice quote from Armstrong:

http://www.martinarmstrong.org/files/Speak-See-Hear-Nothing%2011-09-2011.pdf

The assumption that the ECB can save the day is up there with Santa Claus.

[Beginner]

Hola Metalmeister! Welcome back! You are making the pages come alive again. Sunseeker was holding the fort for you in your absence. I suspect Sunseeker has some shares in Jack Daniels how he keeps plugging!  Maybe I myself (like Sinatra) could use a Jack Daniels just to get me through the dark night of waiting for the metals to take off.
The first Martin Armstrong was a bit over my head. The second Armstrong one clear as daylight.
Hope MA stays out of prison! He must be considered something of a loose cannon for some reason or other. An outsider, he obviously doesn't identify very strongly with the establishment.
Got impatient waiting for metals to go down and bought some small amount of silver at around 40 and that was when it plunged but on the whole am still making out. Now it is climbing up again. Meanwhile you are waiting for another plunge. Can't help you there. My vote is for metals to keep going up.

[sunseeker]

Hola Metalmeister! Welcome back! You are making the pages come alive again. Sunseeker was holding the fort for you in your absence. I suspect Sunseeker has some shares in Jack Daniels how he keeps plugging!  Maybe I myself (like Sinatra) could use a Jack Daniels just to get me through the dark night of waiting for the metals to take off.
The first Martin Armstrong was a bit over my head. The second Armstrong one clear as daylight.
Hope MA stays out of prison! He must be considered something of a loose cannon for some reason or other. An outsider, he obviously doesn't identify very strongly with the establishment.
Got impatient waiting for metals to go down and bought some small amount of silver at around 40 and that was when it plunged but on the whole am still making out. Now it is climbing up again. Meanwhile you are waiting for another plunge. Can't help you there. My vote is for metals to keep going up.

Hi Beginner
Good to hear from you. Nice to know that you were reading my posts (even without commenting).

Nobody commented. So I'll face up to my short comings on this.........

Athol Gold and Ascot Mining (Costa Rica). Was a disastrous pick.  
http://buy-high-sell-higher.com/forum/general-discussion/precious-metals-t1018.0.html;msg15539#msg15539

The promoters are getting a slating. I'm holding on which is unusual for me (ignoring the warning signs that where flashing). I didn't have very much riding on it (even less so now). It's still likely that Ascot Mining will float on the LSE AIM market so I still stand to salvage something out of the wreck.

Jack Daniels.  

I'm not a shareholder. Just an appreciative  customer.

After reading your post I looked beyond the bottle and the glass. I found out that “Brown Forman” (BF.A and BF.B) who own the brand and have been doing rather well recently.  

http://www.financialbailoutnews.com/five-companies-that-are-hiring-now/#more-152

Compare BF.B to JPM and GS...........



One is making profits, creating jobs, and helping the economy whilst the other two have been a drain on the taxpayer. Not to mention the problems the other two have caused in the markets (Manipulation) and in Euro-land (Greece, and Italy).

It looks like I've been too busy enjoying their product to appreciate  the company.  

ATB  

[MetalMeister]

Yeah, SS and I have been driving up their stock since the 2009 bottom...   

Check out the 5 year chart.  Just keeping pace with true inflation...

http://money.cnn.com/quote/quote.html?symb=BFA

[sunseeker]

Yeah, SS and I have been driving up their stock since the 2009 bottom...   

Check out the 5 year chart.  Just keeping pace with true inflation...

http://money.cnn.com/quote/quote.html?symb=BFA

You and me both 

Getting late here. Catch you tommorow.

ATB