Discussion in 'Economics' started by Debaser82, Mar 31, 2012.
Martin Armstrong is incredible. It's not discussed in the article but I'd like to get the details of how he lost all the money for the Japanese investors. I wonder if somebody didn't set him up for an epic failure so they could control him via the legal system? Is somebody that has a system that predicts big events really too dangerous to be on the loose? I hope he writes a biography at some point, he has had one very interesting time of it.
Not a terribly important point of the interview but my understanding of the S&L crisis is that the lending process became unregulated but the guarantees were kept in place. S&L's could make all the bad loans they wanted to and lots of people took full advantage of that...
I thought he nailed it pretty good. It always about fiscal responsibility all across the board. A** saving is always the game in D.C. and else where because responsibility is a very dirty word these day.
I think that we're in uncharted territory in terms of debt and hyper-inflation or deflation will depends on how the system react to more extreme situations down the road.
Thanks for posting. I am always interested to here what Armstrong has to say.
I was startled when Armstrong replied with regard to hyperinflation that the system would go into complete collapse before that happened.. it never occurred to me that we could have a collapse just out of the blue somehow.. I wonder if he was dead serious when he said that? I can't picture the scenario at all.
I interpreted this as the bubble will burst before it goes too far.
I could see it as inflation in the current monetary systems hit the stratosphere, one or more scenario could happen. One we could reset the current monetary valuation before the actual bursting call it voluntary deflation if you will, two let the system burst and a new system will rise from the ashes (maybe a form of global currency), three combination of the first two aka softening the final impact.
I hate to be bag holder of debt if that day do come for sure, and I don't know if you still have the choice not to hold debt at the time or not, no prob, government will give you plenty of bags to hold!!! SS privatization? 401k nationalization? Involuntary bond bearers?
It called socialism/communism/dictatorship when capitalism fail. Somebody got to pay the piper and the one paying ain't gonna be happy. Maybe we will get another 1776 or 1789 or Arab spring choose your poison.
A Global currency is still very hard to grasp because just look at the EU and its Euro would tell you that there is two many differences to reconcile for it to function properly and there will always be winners and losers in the new currency as well so the misery will not end there.
The US government thinks it can inflate its way out of debt but the bond market will eventually collapse at some point. No one will lend money and the credit crisis will return much worse than before.
The US treasury can't collapse without a competing reserve asset to substitute with. There is no better reserve asset! Currency flows from high to low concentration, but there is nowhere for it to go and so the game continues!
For all the barking, I sure haven't seen any dogs...yet.
Im referring to the corporate bond market. Real businesses like S&P 500 companies will have no access to funds. The federal reserve doesn't operate in a vacuum. It's actions have broader consequences.
Separate names with a comma.