Howestreet.com - the source for market opinions

ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION

January 26, 2017 | Eliminating Currency = Communism

Martin Armstrong

Martin Arthur Armstrong is the former chairman of Princeton Economics International Ltd. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.

Stiglitz_Joseph

Columbia University Economist Joseph Stiglitz says that the United States should phase out currency and move towards a digital economy. All of these people advocating such policies are ignorant of the real world and advocate total government control. Stiglitz told the World Economic Forum that there are “benefits that outweigh the cost.” He hailed India for eliminating 86% of all currency. This is the only way they see to force socialism down everyone’s throats. Instead of looking at why the system is failing, they want more power to create absolute control like a communist state.

While the communist model was that government owned everything, the new model allows private ownership, but they will simply seize whatever they desire. We retain title, but they retain the right to say how much can you keep.

STAY INFORMED! Receive our Weekly Recap of thought provoking articles, podcasts, and radio delivered to your inbox for FREE! Sign up here for the HoweStreet.com Weekly Recap.

January 26th, 2017

Posted In: Armstrong Economics

Post a Comment:

Your email address will not be published. Required fields are marked *

All Comments are moderated before appearing on the site

*
*

This site uses Akismet to reduce spam. Learn how your comment data is processed.