25 replies to this topic

[Russ]

http://www.cknw.com/audio-vault/ (Nov. 2, 9 am)

Armstrong Nov 2 www.cknw.com :

Gold: crack just under 1000 by early 2014, that will most likely be THE low.
2015 worst case for final low in Gold

Pension funds will be next crisis, late 2015 into 2017-18
Government may seize all pension funds (and put the debt bonds into them)

Interest rates must rise for gold to go up, as the rates rise the debt expense crisis will start to unfold
Gold can go up until 2032

[Sentient Being]

If it gets so bad that the government is stealing our pensions.....well I hope these end of the world views are wrong.

[Russ]

If it gets so bad that the government is stealing our pensions.....well I hope these end of the world views are wrong.

Hope is not a strategy. We are headed for a major storm, think Greece, that is the future of western nations.

One other thing he said, the stock market is going to go up dramatically (possible double) after a correction into January, it will then rally into mid to late 2015.75 in line with the economic confidence model peak. 2016 he has referred to as "The Year from Hell", he thinks the volatility after 2015 will make 2008 look weak.

For doubters this is the guy that predicted a major debt crisis in the 1980's when he warned the Reagan admin about it.

He also predicted the collapse of the Soviet Union in 1986 as can be heard on the interview.

Predicted the Nikkei would never see 39,000 again in our lifetimes when it hit that number and that it was headed for 8,000.

[Sentient Being]

I don't have a strategy for dealing with alien invaders either! I've come to the conclusion that if the government wants my purchasing power they don't have to steal my actual dollars to steal the purchasing power of those dollars. and if I put it in gold they can make it illegal to own or use gold. I think in the end you can run but you can't hide.

[Russ]

I don't have a strategy for dealing with alien invaders either!

I've come to the conclusion that if the government wants my purchasing power they don't have to steal my actual dollars to steal the purchasing power of those dollars. and if I put it in gold they can make it illegal to own or use gold. I think in the end you can run but you can't hide.

Unlike alien invaders, the debt has been quantified and it does not take a rocket scientist to see it is not going to be paid down and will go on to ruin the broth. Its really quite simple, if you don't pay your credit card bill down it will eventually kill you, that goes for countries too, just takes longer.

Yes they can make it illegal to own again but some coins were legal to own in the 1930's because Teddy Roosevelt's family were collectors of precious coins. Keeping gold in a bank is not good the government can force the banks to turn it over.

Warning: this discussion is being monitored by NSA computer filters.

[dharma]

what attracted me to gold was the rising debt world wide. that is the issue. i never thought there would be hyper inflation, but stagflation 70s style. the debt cannot be paid off, but the purchasing power of fiat, will continue on the course set by the fed since its existence in 1913. i am 67 and in that short span, i have seen the pp of the dollar go down the drain. pushing folks into higher tax brackets w/no to little gains in life style i too believe we are following in the foot steps of greece, and since tria is there whatever he shares w/us i appreciate. i had lived on greek islands in the 70s and i remember the life there then very well. now, i am hungry for more information on the every day life i have read armstrong every day for years. like every one else he makes mistakes. and i must say his economic confidence model and his long term work are superb. his short term trading got him into trouble in the 1st place. his world views are provocative and generally speaking right on. i assume almost every one who frequents this board realizes the situation facing the western economies(japan included in that). i never professed to having a day to day crystal ball. in the end as the currencies are debased gold will have its sway. the bull will not end as it did in 11, there will be a frenzy. hollande in france is instituting his socialist ideas, much to the dissatisfaction of its people. if you listen to the president, he seems to be cut from that cloth. i have visited socialist countries back in the day, it takes the heart out of the people. when i started back up in 2k after getting off the life support system (in 88 ) of the quote machine, i knew this would not be a short affair. the economy is a big giant locomotive that would take time to unravel . tria, when you have the time if you could provide incite into the life in greece now, i for one would appreciate it. dharma

[dharma]

russ who was it who interviewed armstrong, i cant find the interview , thanks dharma

[Russ]

russ who was it who interviewed armstrong, i cant find the interview , thanks dharma

Dharma,

The interviewer is Michael Campbell, he is radio station cknw's financial analyst and broadcaster, he also runs this website.. www.moneytalks.net Campbell was also the editor of Equity Magazine in the 1980's when they named Armstrong America's Top Economist.

Campbell has brought Armstrong to Vancouver for his World Economic Outlook Conference since the early 1990's and will have him there again next jan/feb.

I have chatted with both of them in a hotel lobby after Armstrong's presentations in Vancouver in the 1990's .

The show I have linked at the start of this string, is the moneytalks show on cknw.com starting at 9 am on Saturday Nov. 2, 2013.

The crazy thing is that Obama and other western leaders are headed down the same path the ancient Roman's went down when they were going broke, just start grabbing everyone's money, we never learn, same stupid things over and over and over.

Russ

[dharma]

thanks russ that did it. dharma

[Russ]

ur welcome...


this came from campbell's site co-written by Armstrong's new guy who is an insider on capital hill... http://moneytalks.ne...-bet-on-it.html