An open letter by Martin Armstrong
5/30/16
The Guardian headline is supporting
government propaganda that 9 out of 10 economists warn of a dire future if
Britain exits the EU. For a newspaper who published Snowden, I would expect a lot
more integrity on this issue. The Guardian is reporting propaganda on a grand
scale. They reported that “Some 72% [of economists] said that a vote to leave
would most likely have a negative impact on growth for 10-20 years.”
The propaganda implies that economic
growth in Britain has benefited from the EU single market since it joined in
1973. Let us expose the lies and corruption propagated by this pool of
economists. Using the government’s own statistics from the Office for National
Statistics, annual economic growth for Britain peaked BEFORE it joined the EU
and has been declining ever since. This forecast that leaving the EU will have
a negative impact on British economic growth is clearly a bunch off lies.
Annual economic growth for Britain has fallen ever since it joined the EU in
1973. Each rally produced a lower economic growth peak.
This is the end of Britain if it
remains in the EU and the media will not tell the truth or expose what is going
on all to save the jobs of bureaucrats at the expense of their own families
(feel free to forward this article to everyone). The British pound peaked
against the dollar in 1864. It has been a bear market long-term. If the pound
simply now closes below 14600 for 2016, it will fall to make new historic lows
well under par to the dollar seen back in 1985.
Economists are notoriously incapable of
forecasting the future. Larry Summers publicly admitted on Bloomberg that they
are incapable of forecasting anything. I think they would have a far better
chance of consulting a palm reader than a mainstream economist. If they cannot
forecast the future, all they do is mouth whatever the government pays them to
do. I have stated it before, when I was asked by the government back in 1985 to
effectively “save the world” it was clear, they have such hearings only as a
dog and pony show. The government then stands up and does what it wanted to do
anyway and pretends they consult experts.
Brady Commission
Because I spoke out against
manipulating the dollar to reduce the trade deficit back in 1985 which started
the G5 with the Plaza Accord, I have had a reputation of being outside the
mainstream yet behind the curtain I have always been the one they all want to
hear from. These politicians could not understand that they sold 1/3rd of the
national debt to the Japanese back then and trying to reduce the trade deficit
by lowering the dollar was just brain-dead. Saying they “wanted” the dollar
down by 40% I warned would set off a crash within 2 years, which manifested in
1987. When that took place, then they wanted me again to contribute to the
Brady Commission. My biggest accomplishment was at the end of the Brady Report,
they said they thought “currency” had something to do with the event. There was
no way that report would bluntly blame the G5.
Then these politicians in Congress
reduced the tax advantages/amortization on real estate and created the S&L
Crisis they had to bailout. There is absolutely no crisis created by the
private sector – they have all been created by government right down to telling
the IMF to provide loans to Russia so the bankers could exploit them and end up
with the 1998 Long-Term Capital Management Crisis and the first Fed Bailout of
a hedge fund. The Fed bailed out LTCM hedge fund because they owed banks huge money.
They were really bailout the banks when there was no authority to bailout a
hedge fund. That was a ploy to hide what banks were really out on a limb.
Today, the faulty construction of the
Euro is destroying the European economy and creating the greatest risk for
civil unrest and European war. They are telling Britain to surrender all
independence to Brussels to save the Euro which is doomed. Like LTCM, it is not
about a single market and Britain will suffered economically, their own
statistic prove that is a lie. This is about saving Europe and Britain cannot
rescue Brussels but will simply hold its hand as they fall off the cliff
together. Sure, they will not publish what we have to say publicly yet at the
same time behind the curtain we are the firm they pay attention to because they
know the accuracy of our model long-term.
May 1997, the Treasury was publicly
starting to try to talk the dollar down once again doing what they wanted to do
politically exactly as they did back in 1985. I wrote to Robert Rubin, who was
the one doing this nonsense, trying to talk the dollar down once again. Note it
was May 1997 when I wrote reminding them of 1987 and that yes we were the firm
consulted during that crisis. Now notice the date when the future Treasury
Secretary Tim Geithner responded quickly on June 4th within 15 days. They are
well aware of our model and how it has called the shots globally for decades.
They do not respond to most people. The reason they respond to us has been
because of the reputation of our model behind the curtain.
The Asia Currency Crisis hit within
weeks of that correspondence in July 1997. Once again our model was correct in
picking that crisis. I have given it my best shot to try to help curb this
insane trend of politicians gone wild. I have been fortunate that the markets
have always been like an ATM machine for me so I have never had to worry about
making money to pay bills. This luxury has allowed me to try to help reduce the
chaos in the world economy, but to no avail. I have been compelled to watch
these events unfold powerless to prevent them because the self-interest of
those in power always dominates the good for society.
Central Bank China
Yet that 1997 Asian Currency Crisis led
to me to being perhaps the first analyst to be invited to Beijing by the
central bank. The central bank of China has publicly even announced that they
use “capital flow analysis” to gauge monetary policy. Since that is the model
we created, I think that states a rather blunt fact with the regard for our
model behind the curtain.
Everyone behind the curtain knows of
the accuracy of our computer. Fine, I do not do interviews with mainstream
press for the simple reason they usually do not want to air what our model
projects. Nonetheless, I was asked to appear with the French Finance Minister
on national French TV, Mr. Sapin. He declined so they filmed a piece on me
alone. Then he showed up at the TV station as if he would appear knowing I was
not there so they improvised and played the piece on me and then confronted him
on TV. Of course his response was that nobody could forecast and what I had to
say did not help “confidence” in government. He then went on to deliver his
forecast how the French economy would boom. So it is not like the people in the
highest place do not know about our model. It’s just that nobody wants to dare
talk about something that warns they are dead wrong.
Let’s tell the truth here. The British
will be given EU Tax IDS and will go down with the ship. British financial
markets can be barred from short-selling on any whim from Brussels, and British
corporations will find their taxes will be raised by Brussels. The structure of
the EU government is ANTI-DEMOCRATIC since it removed every possible means for
the people to ever change government. The one thing they get to vote on is the
EU Parliament which neither introduces legislation nor does it vote to approve
anything (see BREXIT – the Movie). That is all done behind the curtain. This is
a dictatorship and every newspaper should be screaming at the top of their
lungs if they really gave two shits about themselves as personal individuals of
the future for their children. Is this not the same result had they just
surrendered to Hitler?
The Euro WILL FAIL. The mainstream
press will never report what our computer has to say when it goes against the
government. Yes, the FT published in 1998 on the front page when we forecast
that Russia would collapse. But that was Russia – not Western Society. Sorry,
its the same computer model which is forecasting the collapse ahead.
I am shocked the Guardian has allowed
itself to present the government propaganda rather than investigating the
truth. They do not address the serious flawed structure of the Euro nor do they
explain to the people what they will face, corporations, or how the financial
markets of London are over. They certainly do not addressed that all British
will get tax IDS from Brussels nor will they explain that corporate taxes will
be set not by the Queen’s Parliament, but by Brussels. Why do they not address
the issues in the BREXIT – the Movie?
Certainly the mainstream media would
never bother to call me given the fact the EU Commission designing the Euro all
attended our conference there in 1998 in London. They did not visit the 9 out
of 10 pretend economists who preach the party-line because they are paid to
regurgitate propaganda and are incapable of forecasting anything anyway. Why do
you think all the banks support rejecting BREXIT? Because they are told to do
so and no analyst in any bank could dare to tell the truth for the central
banks will prejudice that bank. No institution will dare speak the truth for
fear of government retaliation.
I was flat outright told to be a “good
boy” and churn out bogus studies where the government tells economists what
conclusion they need and I would be paid millions by them each year. They tried
to seize our computer and have tried to silence our forecasts. But we survived
everything because we do not put out the bullshit everyone else does just for money.
I am concerned about my posterity. What kind of a world are we leaving behind?
Nobody cares about their families anymore?
I am very disappointed in the Guardian.
They should be leading the charge and would find also their readership explode
if they did. Brussels will destroy London. That is an ABSOLUTE CERTAINTY.
Comments
Europe invested in hard rail trains in the World Wars in
order to get troupes and supplies to the battlefields. The US didn’t have to do that. After the war, they invested more in trains
to get around and they seemed to like that.
Having the Euro as a common currency was a convenience to
traveling Europeans, until their poorest countries took on too much debt and defaulted. That threatened the Euro’s value and put all the other countries at risk.
European governments slid into socialism rather easily
after World War II, with socialized medicine and government pension plans, but
these government giveaways gave Europe a boat anchor on growth, 25% unemployment
and a 50% tax rate, still, Europeans didn’t rebel.
The UN Marxists invented the EU as a dress rehearsal for a
one-world government, but their draconian domestic policies are the source of
complaints by Europeans.
The Baltic states were the only ones to insist on having a
private economy. Having suffered under
Communism, they were successful.
The US Marxists have been pushing for socialized medicine
and the Europeanization of America and this has failed. Obamacare is the poster child for this failed
attempt, so the US will change direction beginning in 2017.
If the Brits exit the EU, it will be to regain elective control of their government. They should also toss out the UN
and EU policies that they have suffered under including excessive Muslim
immigration and the loss of the rights they won with the Magna Carta in 1215
AD. Like the US, the Brits need to cut
government spending in half and pay off their debt.
Norb Leahy, Dunwoody GA Tea Party Leader
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