muses of the moment

October 11, 2012

Latest Release from Martin Armstrong dated October 11, 2012

Not sure of the date, but here is the latest release from Martin Armstrong entitled Asia-The Coming New Financial Capital of the World dated October 11, 2012.

Very important read, he covers more than just Asia.

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2 Comments »

  1. Let’s be careful when we hear “Asia”. No way can you include China in that. Their yuan is as worthless as a dollar. Even more so. This communist country has been cooking the books decades longer than the US has. Now with manufacturing about to leave that country and go elsewhere (even back to the US), their growth will implode and they will a bigger mess than the US (who don’t have to worry about social uprising from two billion people).

    Singapore is another story, as well as Vietnam. They have gold and they have managed themselves well. But are they big enough to become the next world currency. Nope.

    Comment by MikePhila — October 11, 2012 @ 7:38 pm

  2. GG,

    Martin posted this bit, indicating that Greece (gulp) may have bottomed:

    http://armstrongeconomics.com/693-2/2012-2/has-greece-bottomed/

    Also, on the notion that the yuan is as worthless as the dollar, it is today because it they want it to float close to the dollar. There will come a time when that umbilical cord will be gut, and it will be cut by China to let the dollar go and replace it with the yuan as the global reserve currency.

    -Lemming

    Comment by Lemming — October 22, 2012 @ 4:14 pm


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