muses of the moment

November 12, 2012

Latest blog posts from Martin Armstrong dated November 12, 2012

Filed under: European Debt Implosion, Fiat Currency — Tags: — totallygroovygirlfriday @ 1:05 pm

Click here for The Euro Impact-Exporting Deflation.

Click here for Genius-Thinking Outside the Box.

Click here for The Euro Impacted Everything Including Gold.

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3 Comments »

  1. Although he clearly articulates that the “fiscal cliff” will not see a 90% drop in the stock market, he doesn’t say that there won’t be an 89% drop! Not much to go on for investing purposes. Gerald Celente is still telling everyone to buy gold and silver. Doesn’t sound like bad advise at all.

    Comment by MikePhila — November 12, 2012 @ 1:34 pm

  2. gg agrees.

    Comment by totallygroovygirlfriday — November 12, 2012 @ 1:52 pm

  3. Marty is a smart guy but just like every other guru he gets some things wrong. He is especially wrong about it being ok to use anything we want for money. Allow me to explain. Gold and silver money became money spontaneously with no need for government edict. It’s true that seashells did too in the yap islands, but suffice to say that did not spread around the world. Our own Amerindians used wampum but that didn’t catch on either.

    Government edict and messing around with human economic interaction did well and truly mess up the specie standard. Paper money did not occur spontaneously, IT REPLACED GOLD AND SILVER. Now if you can tell me where paper was being used first and then was replaced by gold and silver, Martin’s argument may have validity. Bet you can’t. His argument is that the government dilutes and debases the specie and therefor it is the specie that fails. That is a subtle difference. It is not the medium that fails it is the vigilance of the governed that has failed. Since we are the government now, we can correct our error. Not that Ben Bernanke will make it easy.

    There has to be a reason that specie came up first out of all possible choices. There IS a reason along with all the other wonderful qualities of precious metals, the one we have forgotten, is making itself known again, permanent intrinsic value.

    Comment by Thomas — November 14, 2012 @ 1:41 am


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