Good series from Mike Maloney. H/T to reader SW.
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October 23, 2013
October 22, 2013
October 21, 2013
Latest Blog Posts From Martin Armstrong
Martin had some excellent posts over the weekend.
Click here for Martin Armstrong’s latest blog post entitled They Are Calling It A Collapse In Capitalism dated October 20, 2013.
http://armstrongeconomics.com/2013/10/20/they-are-calling-it-a-collapse-in-capitaism/
WordPress is being weird today, please click above. I will modify when they get their act together.
Click here for Martin Armstrong’s latest blog post entitled What About Gold dated October 21, 2013.
http://armstrongeconomics.com/2013/10/21/what-about-gold-hoarding-the-reserve-dollar-status/
October 17, 2013
October 16, 2013
Just like global derivatives, this disaster is not yet contained….
Japan’s nuclear disaster, click here.
October 15, 2013
Greenwald is leaving the Guardian
groovygirl would venture to guess that “the worst that is yet to come” in the Snowden files is too hot for even the Guardian to handle.
Let’s stop a moment here and realize we are witnessing the most dramatic shift in the evolution of media/dissimulation of ideas since the printing press was used by university students in Germany to reproduce Martin Luther’s 95 Theses.
Yes, groovygirl is ready to equate the releasing of the Snowden files to the posting of the 95 Thesis as an impact on change in political power and influence.
Media will never be the same again. This is huge, not because of the revelations, although they are proof of rumors, but the way it is presented, digested, and used by the alternative media and public to change ideas and power. And the way it is shunned by the MSM, still trying to hang on to a dying paradigm.
This new way of obtaining and presenting news will be the pattern for the loss of confidence in every major institution that has held power for the last 100 years and beyond. From education to media to finance to government to health.
It is truly amazing to have a ring-side seat to this paradigm shift. This is way more than a debt cycle, that is just a small part of a major cycle shift right now.
Side musing: now before everyone thinks gg is putting Snowden on the same moral level as Martin Luther, let’s just slow down. This is a pattern, not a moral judgement. Groovygirl has studied Martin Luther’s life quite a bit and suggests you do the same. It is fascinating. It was Luther’s conviction in the corruption of the politics of the Catholic Church, not the Catholicism as a religion itself that caused him to post the 95 Theses on All Hallow’s Eve. And then, that post on the door of the Wittenberg Church was meant for the professors of the University for discussion, not the printing press. But the theses, printed (by the newly invented printing press) and widely distributed by students of the University ultimately took down the political power in that day, the Catholic Church. And not only started a new sect of Christianity, but continued a long cycle of the rise in secular political power in noble, and then middle or tradesmen classes, over old monarchies and religious leaders. The Snowden files are the 95 thesis and the printing press is the internet/mobile phone and the Catholic Church is government. It is a shift in power. Less to centralized government and more to what? :decentralization, private, global or virtual, who knows….
groovygirl just loves cycles 🙂 End of today’s history lesson.
Here are the actual 95 Theses, if you wish to read them. Luther’s main complaint was the practice of the Catholic Church at that time of promoting indulgences. Which it is the practice of giving money to the Church to buy someone else out of purgatory and thus get them closer to heaven.
US Dollar
Did you all see that flash up at mid day in the USD chart? No, no, there is no manipulation……
Gold still holding 1250 as the low.
Latest Blog Post from Martin Armstrong dated October 14, 2013
Click here for Martin Armstrong’s latest blog post entitled European Banking Crisis: Seizing 10% of Everyone’s Accounts dated October 14, 2013.
The Sovereign Debt Crisis in Europe is joined at the hip with the European Banking Crisis and this is caused by the failed Euro design structure. The Eurozone banks are burdened with vast amounts of bad loans running into the hundreds of billions of euros and the higher taxes move, the lower the economic growth that fuels the growth in bad loans. The Eurozone banks will need at least €700 billion in euros to meet stress tests.
The European public funds from the ESM are insufficient. The banking rescuers are frantically looking for a “safety net” and this is viewed as now creating a general bailout by seizing 10% of all deposits in Eurozone banks.
