muses of the moment

April 4, 2013

Latest Blog Post from Martin Armstrong dated April 3, 2013

Click here for the latest blog post from Martin Armstrong dated April 3, 2013 entitled All Government Acknowledge the Cyprus Model for Bank Bailouts Is It.

Groovygirl is posting this one, but there are other good posts at Martin’s website, because this is her focus for the next few months, and possibility beyond.

gg says: It is very clear now what will happen and a time frame. The next global debt collapse and banking system crisis will either happen or impact main street in 2015 (Martin’s date is October 1, 2015). It is coming. It will like 2008, but much worse. They will take your savings this time to try and save the system. And judging from the reaction in Cyprus, they will not announce it beforehand. You must prepare now, if you have not already, and have your financial plan in place before 2015. That is just about 18 months from now.

Update: and the phrase of the day is: Cyprus is a template. Jesse agrees. Click here.

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15 Comments »

  1. Hi gg,

    Do you have a summary of Armstrong’s predictions for the year, especially gold and silver? Jim Sinclair was predicting that the decline in gold would be history by the time his birthday arrived (March 27). It looks like the decline may continue for a while longer.

    Thanks,
    sw

    Comment by sw — April 4, 2013 @ 2:49 pm

  2. SW,

    Martin doesn’t talk about silver, but gold he has under pressure or lower until August of 2013. He said he was going to do an updated computer model on gold soon.

    gg

    Comment by totallygroovygirlfriday — April 4, 2013 @ 2:57 pm

  3. I think the US government will first take everyone’s 401k plans. They can then wrap it up in a program that says it is still ours when we retire … As they go about spending it on themselves and the banks. When that money is exhausted … Two weeks later … They will then go after our savings.

    Lesson? Get ALL of your money out of the bank… ALL OF IT! Spreading it around won’t do you any good. They are coming for it at every bank everywhere. It will be better under your mattress than in a bank that gives you no interest to begin with.

    Comment by MikePhila — April 5, 2013 @ 11:13 am

  4. GG,

    Argh! I hate it when I forget things like this. Martin Armstrong posted an updated DOW weekly array on 3/5/2013. I read it and then lost it in my pile of papers. The array projected directional changes on the weeks of 2/25 and 3/4. They can sometimes vary one period. In this case, the 2/25 change was down from the previous week, and the 3/4 change was reversing to the slow grind up again starting 2/26.

    Guess when the next weekly directional change was? This week, coming in on this past Tuesday. There are no more weekly directional changes expected through the end of the array (week of 5/6).

    He also projects a panic cycle the week of 4/15. This could come as early as 4/8 (beginning of one week early) or as late as 4/26 (end of one week late).

    Just wanted to give you a heads up.

    -David

    Comment by Anonymous — April 5, 2013 @ 2:59 pm

  5. GG,

    Argh! I hate it when I forget things like this. Martin Armstrong posted an updated DOW weekly array on 3/5/2013. I read it and then lost it in my pile of papers. The array projected directional changes on the weeks of 2/25 and 3/4. They can sometimes vary one period. In this case, the 2/25 change was down from the previous week, and the 3/4 change was reversing to the slow grind up again starting 2/26.

    Guess when the next weekly directional change was? This week, coming in on this past Tuesday. There are no more weekly directional changes expected through the end of the array (week of 5/6).

    He also projects a panic cycle the week of 4/15. This could come as early as 4/8 (beginning of one week early) or as late as 4/26 (end of one week late).

    Just wanted to give you a heads up.

    -Lemming

    Comment by Anonymous — April 5, 2013 @ 3:26 pm

  6. Thanks for the heads up!!

    Comment by totallygroovygirlfriday — April 5, 2013 @ 4:09 pm

  7. Jim Rogers: “I Suspect They’ll Take The Pension Plans Next; I For One Am Worried, And I’m Taking Preparations” –

    http://bullmarketthinking.com/jim-rogers-i-suspect-theyll-take-the-pension-plans-next-i-for-one-am-worried-and-im-taking-preparations/

    Comment by sw — April 6, 2013 @ 11:37 am

  8. Hi GG,

    Here in Australia there is already talk / plan of increasing taxes on superannuation, i.e. the equivalent of 401k. Though at this point, the increase is only for the wealthy few, but you kind of know which direction this is going. Sometimes I wonder why I even bother working hard and save for my retirement…

    I have a question on gold miners. They were down 15% last two weeks here in the AU stock market. MA appears to be bearish on gold miners. What is your view on their future please? Say in 2017 after gold shoots up.

    Also, hope you had a nice Easter and is refreshed

    regards,

    firebug

    Comment by Firebug — April 7, 2013 @ 10:31 am

  9. Firebug,

    Over the long-term, gold miners as an index will do very well. However, there are a few things to keep in mind: gold mining stocks will take a hit with everything else, if all stocks go down, just because it is a stock. The debt ratio of the mining company is very important to understand, you can not just pick a mining stock and buy it. It is possible that mining stocks will take a long time to increase, just like gold. If you need money now or in the near future, I wouldn’t put everything into mining. The nice thing about a stock is dividends or possible dividends. Remember to take possession of the piece of paper. Mining stocks, as with all stocks and other investments, will be influenced in some degree by the underlying currency it is priced in.

    Good question, and I love your country, by the way. Wonderful place.

    gg

    Comment by totallygroovygirlfriday — April 7, 2013 @ 3:29 pm

  10. Good link!!

    Comment by totallygroovygirlfriday — April 7, 2013 @ 3:29 pm

  11. As some worry about an upcoming 401k heist, I too, worry about the nationalization of miners. Would be a step toward the confiscation of gold or an attempt to prohibit the purchase of precious metals.

    Glad you’re felling well again GG!! 🙂

    Comment by soleirolia — April 7, 2013 @ 4:42 pm

  12. Good point!!! That is why one should never have all their eggs in one basket (one type of investment), even in the metals markets.

    gg

    Comment by totallygroovygirlfriday — April 8, 2013 @ 11:21 am

  13. Just a reminder to everyone … Armstrong said during his Philly conference that the government IS tracking gold but IS NOT tracking platinum!!! You should take that in to consideration with your investments?

    Comment by MikePhila — April 8, 2013 @ 3:14 pm

  14. Thanks GG.

    Comment by Firebug — April 8, 2013 @ 6:03 pm

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