Everyone
Martin Armstrong, RR's Karl Marx. Tsk, tsk.
Why should I worry when I am 91? It is up to you young ones.
The unworried, old, experienced, Jewish Socialist on pension.
-----Original Message-----
From: Ron Ristad <ristad@xxxxxxxxxxx>
Sent: Mon, Dec 5, 2016 11:07 am
Subject: [sparkscoffee] The Coming Financial Collapse
The coming financial collapse will not be an economic event like 2008, but will
result from the collapse of governments that will wipe out all paper assets.
This is because all paper assets are denominated in some currency, and all
currencies now have nothing to back them up but governments. The stage has
already been set by the massive amount of debt worldwide, both public and
private. The reason why Wall St. banks and billionaires like George Soros
support socialist governments is because their wealth is somebody else's debt.
Billionaire capitalists like Donald trump who actually create things with the
money they borrow believe in declaring bankruptcy (as opposed to being bailed
out by the socialist government) when a debt cannot be repaid, and the people
who lose in a bankruptcy are the Wall St. banks and billionaires like George
Soros who are predators on society that have never created anything in their
entire lives. -RR
Why Politics is So Important Right Now – Markets Depend On The Confidence
by Martin Armstrong
Our computer has been doing a fantastic job forecasting BREXIT, then Trump, and
that Hollande would not make the final round for elections in France. But why
are these events even important? No it is not that Trump will save the day. He
will perhaps help give the USA some breathing room. But the collapse that is
underway started in Europe. It will then migrate to Japan, and finally come to
the USA.
Merkel and Hollande were the pillars of Europe. Taking out BREXIT was the first
leg of the stool, Hollande was the second leg of this three-legged stool
holding up Europe. The collapse of confidence behind the euro is directly tied
to politics. Remove Merkel, and we will begin to see how quickly Europe will
unravel.
This is the Year from Political Hell. Keep in mind that CONFIDENCE underscores
EVERYTHING. You accept a dollar bill for your labor only because you have the
CONFIDENCE that someone else will accept it in return. All markets rest upon a
seabed of CONFIDENCE. Undermine that foundation, and then the house of cards
will fall. It will not fall without changing the mindset of the majority. You
will never convince them with stories of fiat, money supply, or gold. Undermine
their belief system, then you will see change – not before. You will NEVER
convince the majority with stories of hyperinflation, quantity of money
theories, or any economic theory. Once the political world changes, then there
is no certainty left to support the future. Santa Claus is not there to make
sure your life will be the dream. Suddenly, those in the West will have to
learn the same lesson of those in Russia and Eastern Europe – you just cannot
count on government for anything.