Topic: Martin Armstrong Discussion - page 208. (Read 647176 times)

Wouldn't be so sure of that!:

Everything associated with the Industrial Age will die, including government, fiat money, socialism, strip malls, precious metals, etc..

The world looks very different on the other side.

Stay in crypto.

He's kind of right there.  I always thought if bitcoin doesn't scale and fees go too high transactions would bleed into an altcoin like litecoin.  Then once litecoin fees go to high they would bleed into something else.  At this point cryptocurrency would either be a slow march to the graveyard with continuous fracturing of the ecosystem, or you would end up with regional currencies developing to avoid the overhead of outside ecosystems.  

It's possible the common link between each regional currency would be bitcoin, but it's also possible it would be some fiat note or gold/silver/oil whatever instead.  The common link is what other nations would accept in international trade settlement.  They currently accept useless things like tbills, but most people seem to be pushing towards settling international trade in gold.  If you were the king of a country and selling oil to someone else, would you rather have gold or bitcoin?...

I'd probably want something more than imaginary electrons as payment if I was dumping my country's natural resources on the market.  Bitcoin is similar to fiat paper promises in that regard - an IOU to receive goods or services from someone else at a later date.  It requires another party to honor that contract, which is not legally binding nor even a gentlemen's agreement - just an assumption some random guy is going to give you stuff for it some day.  It takes an actual physical commodity based currency that you can hold in your hand and defend with an AR15 to eleminate that counter party risk.  

Someone might not agree to be your slave just because you have a bag of gold, but at least you don't end up with a bag of nothing out of the deal.

That's an interesting comment there r0ach, I had not seen that idea before.

I do not guess. These predictors much. Said all that stuff. If true, it would be called the great predictor, and will not come true if we all just forget about his prophecies. A standard tactic of scammers.

I really don't know what's going to happen, and my best guess is that very few do.  I can tell you all that our FedGov has shown it's incompetence / amorality / whatever by being unable to deliver the goods (botched NObamacare bill).

Or gold going to $5000 by 2015 predicted back in 2009, or the Euro bonds and currency collapsing predicted in 2012 by 2015, or US real estate collapsing into 2032 instead it made new all time highs in virtually every market, etc. etc. etc.

I suspect he had to take his blog "private" as it was becoming blatant and painful for everyone to witness in some respects.  Don't get me wrong I do think not everything he says is hogwash and welcome his perspective but his predictions and his "super computer" are quite laughable.  It is even funnier to see folks standing by him - quite amusing.

Yea, this one is rather amusing because before he went to jail he gave the same numbers as everyone else if gold was to be re-integrated into the monetary system, which would be something like $20,000 an ounce if not higher.  Then after getting out of jail he claims it won't go higher than $5000.  

I'm in a slightly different camp where I believe that since countries like India, China, Russia, and random Arab states all have shit tons of gold, they're not that anxious to force a gold only system because it would benefit people too much who they...don't want to benefit.  I don't really see any reason for them to try and stop or suppress silver at this point while elevating only gold.  The FOA/FOFOA numbers of gold hitting something like $50,000 seem ridiculous in that regard.  I think we're more likely to see $10k-$20k gold + astronomically high silver rather than $50k gold in any type of debt collapse remonetization scheme.  Both China and Mexico also seem to be giving the green flag to silver as well.

Or gold going to $5000 by 2015 predicted back in 2009

I'm still waiting for the bond apocalypse, aka big bang, forecasted by Martin Armstrong for October 2015. It's been 1 year and a half already  

Tinfoil hat dwellers suffer from troglodytism. They are oblivious to the changes taking place in the world.

Armstrong called all the price moves in advance for paid subscribers. I've had access. Sorry @r0ach.

Basically gold is preparing to align with USD and move up with it, but the final bottom of gold might not be here yet. We could have a precipitous crash still. Other than that possibility, gold is preparing to align with USD and both move up together.

LOL, Armstrong really gives himself away as a shill with posts like this.  Hugo Salinas' idea is akin to a stealth reintroduction of sound money where the govt doesn't attempt to price fix metals, then Armstrong is like "whoa holy shit that would be terrible!".  If anyone can't figure out Armstrong is a Jewish banking shill from posts like that, you are not a very smart person.  His idea is basically the same thing as free gold except free silver.

Nobody can muster the overhead required to prevent people from physically transacting in gold and silver in the real world.

Gold and silver both going up while there's a record amount of shorts on silver.  RIP Armstrong.

Which is why I'm buying a 40' catamaran or monohull sailboat.

It is probably time to sell some BTC and move to an altcoin for the time being:

https://bitcointalksearch.org/topic/m.18284974

I would seriously consider making that hedging move asap.