Martin Armstrong; Sovereign Debt Big Bang Scheduled for 2015.75 I've read most of his work... what he is saying is that we will have another economic downturn on or about 10-1-2015... like 2007, however worse... there will be recovery again... and the cycle repeats itself... similar to 2011 where the stock market has risen to where it is today. Then at the end of 2032 there will be the mother of all economic downturns...likely at that time the DOW will be many times where it is today.... however I don't exactly know what the world or the U.S. will be like... I don't know if it is a Mad Max World or like in the movie "Looper" or a repeat of the Great Depression...Fall of the Roman Empire or a combination of all this... certainly a lot less jobs for certain... likely higher interest rates and a collapse of stock values. One thing that has been clear in his writing is that all Governments will begin heavy taxation as this all collapses... likely there will be further destruction of pensions as cities or states can no longer pay these pensions... so you all may want to plan ahead... like I said you may want to sell your properties and take capital gains tax now as it may be brutal in the future... if your counting on a pension these may also dry up so if you have an option of taking cash value... may want to give this a hard look. --- Martin Armstrong is one of the most famous economic forecasters alive, but you wouldn’t know it after the whitewashing job he’s suffered at the hands of the federal government and the mainstream financial press. The man who in the 1980s and 90s had central bankers and politicians calling him for advice is now scrubbed from the memory banks of sites like Bloomberg.com. He’s famous, or infamous, for having predicted the October 1987 Black Monday crash to the very day. He also called the Nikkei stock market collapse in 1989 and the Russian financial collapse in 1998. And he hasn’t lost his touch, outfoxing hedge fund managers by predicting last week’s Swiss National Bank decision to abandon its peg to the Euro. Martin is not an Austrian by any stretch, relying on complex mathematical and historical models rather than economic theory. But he is strongly anti-state, anti-central bank, and quick to criticize Keynesian orthodoxy. Martin spent more than a decade in a government cage after being prosecuted by the SEC, including 7 years for the non-crime of contempt of court. His story, both as a forecaster and a stubborn thorn in the side of federal prosecutors, will be told in an upcoming documentary. It’s a story you won’t want to miss. CREDIT http://armstrongeconomics.com/armstrong_economics_blog/ I created this video with the YouTube Video Editor (http://www.youtube.com/editor)

• published: 25 Jan 2015
• views: 27