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August 9, 2019 | The Money-Class is Always the First to Respond

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.

QUESTION:  Dear Mr. Armstrong,
reading your blog daily I am wondering how much and what exactly has to change in the peoples’ minds apart from the global changes that will manifest through all that is in alignment according to cycles that you have presented to the world. You are one of the few people, but there are also few people that read your blog, so there is still the masses. I am mean, there is a cycle to the collective consciousness for sure but also according to what you write about history it usually culminates in some riots and/or even revolution. If you have the time, would you enlighten us to how we “grow” from an active and conscious collective (individuals in a Society) into a complacent and disgruntled one?

The spark that wakes up the majority of people up is what I am curious about.

Many thanks!

ANSWER: Economics is always the spark. It would not be simply because I write this blog that the world will wake up. The readership is by no means that extensive. The issue is self-interest. A recent Gallup Poll stated that about 35% of the people believe that government is the problem. We stand on the threshold of when the money-class (institutional) are beginning to realize that the central banks are trapped and that they lack the power to manipulate the economy. That is the readership here. As they begin to move, that impacts other aspects of the economy and the average person will then respond out of their self-interest.

What comes first is the collapse of confidence in the money-class. As that shifts, then we see the markets respond and it will be the free markets that apply the pressure for the political changes ahead.

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August 9th, 2019

Posted In: Armstrong Economics

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