Jim welcomes back Martin Armstrong of Armstrong Econonics.com. Martin believes "capital knows something is wrong" and we’re past the tipping point of the debt crisis. He sees the crisis rotating from Europe to Japan and finally reaching the US, with devastating results. As to gold, he believes the best thing for gold would be a correction this year and a healthy period of consolidation, setting the stage for a launch higher as the debt crisis worsens.
"Nuclear economic war", has started, by taking Iran out of the SWIFT system. But that will backfire as the US is dependent on selling of treasuries to the Iranian allies.
Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair
Rasta wrote:Anatomy of a Debt Crisis
only Julius Caesar understood
brilliant article
Armstrong wrote:Therefore, Caesar is the only politician who seems not only to have risen to the level of a statesman and not merely acting out of self-interest for his party or for himself, but he saw the dynamic relationship that constitutes value. He realized that value is merely a tangible concept in and of itself
Caesar realized that money is not a constant. Neither are assets. The only constant is time.
Armstrong on Caesar is a very interesting and thought provoking piece. It isn't the Caesar I read about as a teenager! Armstrong's use of Roman coins to illustrate his points is excellent.
My only objection is when Armstrong suggests we need a new Caesar. I am not interested in a proposal that requires a superman.
, but again it's a must hear interview. James is spot on.
