Armstrong Economics Blog/Reports and DVDs
Re-Posted Jul 7, 2020 by Martin Armstrong
The Great Reset may go down as the most important book perhaps with hindsight. I will be adding to it over the next month with a section reviewing the demise of every economy which has ever tried to impose precisely what they are doing. We need not just look at Russia and China and how Marxism collapsed force political change, and we need not even regurgitate the ongoing example of Venezuela. There are more shocking examples that warn of civil war and the breakup of nations such as Yugoslavia and the collapse of Spain which was the wealthiest nation in Europe that fell to third world status. Spain became a serial defaulter beginning in 1557, 1575, 1575, 1596, 1607, and 1647. You would think that people would wise up and stop lending to governments. That is the definition of insanity when you keep doing the same stupid thing and expect a different result.
Then there is even Argentina. Most just write off South America and pay no attention to it assuming they are all just corrupt banana republics. Believe it or not, Argentina was actually one of the richest countries in the world at the start of the 20th century. Then the Marxists dominated South America and when they did, they absolutely destroyed Argentina which has never been able to ever recover much as was the outcome of former Yugoslavia, Spain, Russia, and just about every other country Marxists seized control.
How will we survive in this third attempt by Marxists to take over the world they are calling the Great Reset – their words not mine! These are indeed the times that will test the strength of our character and our determination to retain freedom. The markets will be our greatest guide. We are adding a new module to the Premium Socrates level which is a pattern recognition whereby it reveals a complete search for a similar pattern in each market on the yearly level to report on the pattern that followed.