Click here for Martin Armstrong’s latest letter dated February 17, 2011, entitled, The World Revolution and the Markets (15 pages).
Martin charts some currencies in the final pages. He also reveals a revolution cycle. We are currently in the middle of one, set to end in 2018. But what will be replacing the current regime in 2018 is unclear.
Click here for an excellent video between Chris Powell and James Turk about how the gold/silver market really works (30 minute video).
Groovygirl comment: I have been hearing alot about how gold and silver suppression has been going on forever and there is every reason to believe that they can keep it going. That is not the case. Autocratic governments may make it go underground, but it can not continue to devalue it.
The K-wave Winter cycle (which began in 2000) is about EVERYTHING connected to debt, leverage, derivatives (paper gold is a derivative) COLLAPSING. That is the very definition of a winter cycle.
It may not collapse all at the same time, but by the end of the Winter Cycle, it will have all contracted, globally…..all fiat money, paper gold and silver, all derivatives, mortgages/housing, banking system, US Treasuries and any city, county, and federal debt.
The only question that remains: will it collapse into a deflationary depression or a hyper-inflationary depression? That is a policy question, but the depression part brought on by collapsing debt is a given. We are already in it and no policy can stop it now.
This has happened before in history, but never on the global scale we are facing today and never involving every currency on the globe. Even in the 1300-1400 collapse in Europe, they had gold and silver coins as alternate currency already in the system and had China trade routes to help with economic trade.
Fannie and Freddie has posted a gain, but that’s not really good news. From Bloomberg Click here.
The bad news, the US gov gave them $133 billion and they want $3 billion more, because they are losing less money than in past quarters. What?
Can’t we just pull the plug on these companies and put us all out of our misery? I think the Macs are the only ones insurancing new mortgages these days.
The housing markets and mortgage markets are dead. Let’s all acknowledge that and find a new system.
Groovygirl highly recommends this post from Tipping Points via zerohedge. Click here. Pay special attention to the Tectonic Shift Chart 2007-2013. This author is also calling for more market highs until June 2011 and then a downturn. That fits with Martin Armstrong’s economic cycle.
Click here for a post about how the official US deficit keeps getting revised up without the media noticing.
But it is that rolling debt that will kill us.
Five American warships are “delaying” the Iranian ships from passing through the Suez Canal as announced. Click here.
The FDIC banking insurance plan is insolvent. At some point, whether we have a bank run or not, your deposits will go the way of the social security system and the pension system. IF you get paid back it will be less than you put in and it will have less purchasing power than when you started.
This is why groovygirl keeps saying that the US banking system is dead, gone, never to return as we know it.
Keep some cash out of the banking system completely, keep what savings you have in at least 3 different banks with at least one of those banks in another country, and keep long-term cash in something other than cash (gold, silver, oil, other currencies).
The US banking system is a slow train wreck. Right now it appears that the FDIC has it under control, they do not have it under control in the long-term.