Climax Crisis Catastrophe or Crunch – BIG Trouble Certainly Is Looming

Posted by Stratfor & Martin Armstrong

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via Stratfor (for Crisis Timing read D-Day in Europe)

Climax Crisis Catastrophe or Crunch – Certainly There’s BIG Trouble Looming

By Martin Armstrong Oct. 16th/2011
We are in serious trouble economically. The entire debt structure is collapsing. Governments are going into bankruptcy at the local level. Europe is scrambling desperately trying to just bail out the banks so they can keep borrowing as usual. The jig is up! This perpetual game of borrowing forever with no intent of paying anything off is coming full circle. No nation has EVER survived such a debt crisis. Government will NOT reform or save the day because they see this as a loss of power to do so. They will fight all the way!
Governments will not abandon the primary dealing banks for they have become the new Financial Crack Dealers. The small banks that do not sell government debt, the Fed could care less about. So volatility is rising because CONFIDENCE is declining. I wish by just explaining the debt crisis nations would act to protect society. Unfortunately, they are only interested in preserving the status quo politically.

This is when we need a Cincinnatus to assume the role of an Economic Dictator to do what is right since neither political side will act. We desperately need someone with the courage to do the right thing to save us from ourselves who will not be bought by the Primary Dealers. Without such absolute power over the economy, all we will get is more argument and inaction that does not stop the wheel of fortune from turning. Our representative forms of government have become as corrupt as the Roman Republic at the time of the First Civil War. This leaves little hope for what lies ahead politically and the movement globally is showing the frustration that is rising. Without someone who knows what they are doing economically, who is willing to step up and lead, we may not last beyond the course of this next 8.6 year wave without a complete economic meltdown where ALL government debt becomes worthless wiping out countless pension funds and your future. The free markets are our only hope of survival. There seems to be no political way out short of an Economic Dictator to stand between both parties.
Michael Campbell is very pleased to announce the return of Martin Armstrong, the author of the above to the 2012 World Outlook Financial Conference in February. Martin’s dramatic downfall and tragic experience behind bars is one of the most compelling financial industry storylines of the last quarter century. None of which has taken away from his remarkable insights as a cyclical analyst and meta-market thinker. Since his parole he already has over 400,000 subscribers.
As founder of Princeton Economics, Martin Armstrong oversaw the development of PEI’s economic models and computer systems and created the Economic Confidence Model, which focuses on the impact of the 8.6 year business cycle on the world economy. He is also the author of “The Greatest Bull Market in History”, a definitive 3-volume study of the world economy and financial markets since 1900. He was voted “Americas Top Economist” in 1990 by Equity Magazine.

Martin Armstrong has been called on by the Joint Economic Council of Congress to testify on economic issues, as well as the Brady Commission, where he was invited to share his views on the 1987 market crash (which he predicted using his computer models far in advance of the crash). Martin Armstrong has often been quoted by news organizations such as the New York Times, Wall Street Journal and Bloomberg. He has also appeared on CNBC and other financial broadcasts sharing his views. Martin has devoted his time to analyzing financial markets, studying the history of business cycles, market crashes and world monetary systems.

In September, 1999, Martin was accused of securities fraud stemming from wild and unfounded allegations related to his business in Japan. After spending nearly seven years in civil contempt without a criminal trial Martin resolved his legal case with the US government in August 2006, but was not released from federal prison until March 2011. There are many more details about Martin’s legal case, and over time Martin’s web site will provide more information for your reference.

While in confinement, Martin Armstrong continued researching the world economy and typing reports on an old-fashioned typewriter with no access to a computer, Internet or email.

Martin Armstrong is now released under home confinement, where he plans to continue his research and publications.

Read more about Martin’s career and legal case: