What is the Central Bank Crisis Report of Martin Armstrong about?
This unique study – Central Bank Crisis Report of Martin Armstrong – provides an in–depth examination of the world’s largest issue: the collapse of central banks.
Europe adopted negative interest rates in 2014. They have been unable to boost interest rates, and almost $12 trillion in negative bonds currently exist. They, too, are damaging the global economy as the Federal Reserve moves closer to zero. The Keynesian Model, which is based on the Quantity Theory of Money, has always stood behind central bank policies and goldbugs’ beliefs about the dollar’s demise. Bridgewater, whose founder Ray Dalio recently declared that cash was trash at the January World Economic Forum, was a proponent of that view. Many individuals extol the virtues of gold but fail to consider the global catastrophe that is coming.
We must first crash and burn. This will only serve to strengthen the dollar. The Federal Reserve has now lowered interest rates to zero, and it will face the reality that it cannot avert economic deterioration. The crisis occurs when people understand that the Fed is likewise incapable of handling the economy. Welcome to the Central Bank Crisis, which began everything and will eventually eclipse everything else, since we are approaching the end of Keynesian Economics. The Central Bank Crisis Report of Martin Armstrong will open your eyes about the market and its largest crisis in the history.
Understand the importance of central bank
A central bank is a financial organization that is granted exclusive power over the generation and distribution of money and credit for a country or set of countries. In contemporary economies, the central bank is often responsible for monetary policy development and member bank regulation.
Central banks are by definition anti–market or even anti–competitive entities. While some are nationalized, the majority of central banks are not government organizations, and so often boast their political independence. Even though a central bank is not legally controlled by the government, the government establishes and protects its powers via legislation.
The fundamental trait that distinguishes a central bank from other banks is its legal monopoly position, which confers on it the authority to issue banknotes and currency. Private commercial banks may issue solely demand liabilities, such as checking deposits.
Who is Martin Armstrong?
Martin Arthur Armstrong (born November 1, 1949) is a self–taught economic forecaster and convicted criminal from the United States. He served 11 years in prison for defrauding investors of $700 million and concealing $15 million in assets from authorities.
Armstrong started working at a coin and stamp store in Pennsauken, New Jersey, at the age of thirteen. At the age of fifteen, he purchased a bag of rare Canadian pennies that, had he sold them before their value plummeted, would have earned him a billionaire. At the age of twenty–one, he and a partner founded a coin and stamp collectors’ business. Armstrong evolved from investing in gold coins to tracking precious metals commodity prices.
As a pastime, he started issuing commodities market forecasts in 1973. Martin Armstrong shifted his focus away from coins and stamps and concentrated on commodities, beginning a paid newsletter in 1983.
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