This article is very timely. It dovetails perfectly into what I have been saying about debt based, fractional reserve, fiat money systems and also about the beliefs in gold backed money systems. Again, I used to spout the line, “no fiat system has ever stood the test of time!” But the truth, as Martin aptly points out here, is that the gold standard has NOT stood the test of time either!
That doesn’t mean that gold is not a hedge against a LOSS OF CONFIDENCE, it is. What it is NOT is a hedge against inflation, again, as Martin points out.
This is one of his best articles ever. What he says here is extremely important. He is saying that the gold standard is not the answer, that both systems fail because politicians (and bankers) cannot be trusted! Thus, we circle back to what Bill Still is saying, “It’s not WHAT backs the money, it’s WHO controls its QUANTITY!” I encourage everyone reading this to view Bill Still’s movie “The Secret of Oz.” Once you have seen the movie, please join our discussion, I will be doing several articles on it.
Armstrong makes the following points in this document that are key to what I’ve been saying:
I agree with Martin that the gold backers will hate this language, but it is true. You must judge history for what it is, not what you hope it was. There is a better way forward, and I’m going to present that path to you in the days ahead.
All this does not mean that I don’t own gold, I do! Martin goes through key levels of support and resistance and lines them up with his turn points to give you a better feel for the market. A terrific read, I hope you enjoy it and please take what he’s saying here to heart.
What follows is Martin’s Petition for Habeas Corpus addressed to Justice Scalia. In it, Martin once again lays out his case and why he believes justice has not been served. An interesting read, I encourage supporters to write to the list of parties within this document to complain about the way that his case is being ignored. He deserves to be answered and those answers need to stand up to the law…
Economic News , Data & Views......March 30 , 2017 .......Quick Hits For Thursday -1) Markets : Asia- Economic Calendar , Market Moving News And Data ( Updated Regularly ) ; US : Major Indexes Finish In The Green , Gold Down Handily , Oil Crosses 50 Dollars , Ten Year Treasuries Yields Rise 4 BPs. 2) US Political Round Up : Judge Neil Gorusch Garners Two Democratic Senators Who Will Support His Nomination To The US Supreme Court ; White House Invites Leaders Of Intel Committees To View Certain Classified Documents - In Relation To Ongoing Russia Interference Investigations ; Katie Walsh Leaves White House - Some Say Due to HC Bill Failure ; White House Deciding Whether To Pull Out Of Paris Climate Accord ; Freedom Causcus & Trump Exchanges Words Even As Talk Of Taking Another Crack At Passing Replace & Repeal HC Is Floated , Additional Political Developments To Consider. 3) Europe In Focus : UK News - Brexit Related News Primary Lead , Latest Crazy Statement From EU President Juncker ; France Election Updates ; Additional Items Of Interest Pertaining to Austria , Greece , Ukraine , The ECB And The Ongoing Refugee Crisis. 4) Odds & Ends : South Africa's Political Tensions To Boil With The Sacking Of Finance Minister Gordhan By President Zuma ; Libya : State Of Play On International Front , Tensions On The Homefront.
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