muses of the moment

September 14, 2011

Latest Releases from Martin Armstrong dated September 13, 2011

Sorry, groovygirl has been away from her computer. But let’s catch up on Martin’s latest letters.

Click here for After the Riots dated September 13, 2011 (8 pages). Good read!

Some highlights:

There is no bailout that can save Europe.

Austerity will cause Greece to collapse or riot.

History teaches us that when people have a complete feeling of despair about the future, they riot. The riots we are seeing today and will see in the future should come as no surprise under the current economic future we are facing.

Paradigm shift in today’s global economy from industrial to computer science is similar to the shift from agricultural to industrial economy at the turn of the 20th century. This is the reason that gg thinks the United States Education System is failing and needs to hit the reset button.

Click here for Mile High Club dated September 12, 2011 (1 page), which comments on the fighter planes needed to escort flights were people spend too much time in the bathroom 🙂

Click here for Virtual Money dated September 12, 2011 (1 page). Martin talks about how money is virtual and comes into being (and disappears). Fiat money, since it is virtual, is driven by confidence and very susceptible to fluctuations in Martin Armstrong’s Economic Confidence Model.

15 years of banking

Filed under: Bank bailout, Safe banks — totallygroovygirlfriday @ 4:17 am

Groovygirl found this very interesting chart on the US banking system from 1990 to present day.

Click here for the chart via motherjones.

Very clearly shows the impact of the repeal of Glass–Steagall Act of 1933 (was signed into law in 1999). Internet Bubble burst 2000-2001 compounded by 9-11. Final creation of formal “too big to fail” banks happened in 2008-2009. Chart also shows that 1990’s were not as productive as once thought. Financial industry just consolidated, they didn’t really expand.

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