Martin Armstrong
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Jim- Posts : 963
Join date : 2008-10-23
Location : California
Re: Martin Armstrong
In my opinion, this missive by Armstrong is worth rereading. Also, you might check out the second last paragraph on page 5 where he talks about the week of June 13th being a pivotal week.
Jim- Posts : 963
Join date : 2008-10-23
Location : California
Re: Martin Armstrong
From Anderson's last missive, "How and When", keep in mind the second last paragraph on page five, where he discusses, in his opinion, possible key week cycle change dates:
3/14
4/4
4/25-5/2
5/23-5/30
6/13
3/14
4/4
4/25-5/2
5/23-5/30
6/13
Jim- Posts : 963
Join date : 2008-10-23
Location : California
Jim- Posts : 963
Join date : 2008-10-23
Location : California
Jim- Posts : 963
Join date : 2008-10-23
Location : California
re: something hidden likely changed on June 13
Seems like June 13 was more significant than we realized. I bet if we searched, we would find that the chaos actually erupted about then, and only now a few weeks later is it being manifest.
Bernanke lit a fuse when he admitted that the USA recovery might be failing, his hopes for Japan and Middle East recovery aside. In his recent Congressional testimony, he basically admitted that QE is not going to work and that they have no solution. He basically thus admitted by implication, that the USA will ultimately default on its debt. This is why gold is going bonkers. The emperor's clothes fell the floor. I admired Bernanke's honesty. But like most brilliant quants, he admitted he can't see the big picture (he doesn't know that gold is driven by negative real interest rates because it is money, nor does he seem to fully appreciate that he is driving inflation in the developing world), because quants only believe what they can measure statistically.
Bernanke lit a fuse when he admitted that the USA recovery might be failing, his hopes for Japan and Middle East recovery aside. In his recent Congressional testimony, he basically admitted that QE is not going to work and that they have no solution. He basically thus admitted by implication, that the USA will ultimately default on its debt. This is why gold is going bonkers. The emperor's clothes fell the floor. I admired Bernanke's honesty. But like most brilliant quants, he admitted he can't see the big picture (he doesn't know that gold is driven by negative real interest rates because it is money, nor does he seem to fully appreciate that he is driving inflation in the developing world), because quants only believe what they can measure statistically.
Shelby on June 28 wrote:My guess is China entered negative marginal utility of debt. If so, it means pouring more global stimulus on the fire will be the same as taking back stimulus that was already poured.
In other words, we've entered chaos. The system is disintegrating. Now watch the clowns scamper.
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