LOTS OF MARTIN ARMSTRONG TODAY. KEEP SCROLLING THROUGH 'OLDER POSTS' AT THE BOTTOM OF THE PAGE
Eastern Ukraine – Falling to Russia?
We have direct contacts in Donetsk. We reported previously that Russians were seen there weeks ago. However, there have now been gun battles in Sloviansk, and the Pro-Russian activists/mercenaries have taken building Kramatorsk and Druzhkovka.while there are reports of similar activity in the cities – Mariupol and Yenakievo.
Nevertheless,in Sloviansk and Kramatorsk armed men dressed in camouflage are there. They had arrived in buses and storming the police stations. There may not even be from those cities.
Reid’s FATCA & American Oligararchy
For years I watched the at Justice Department prosecute anyone who competed against New York destroying firms like Drexel )Philadelphia, REFCO (Chicago) and countless small brokers who were inching up too close to New York, They went after Frank Quatrone of First Boston because he stole the IPO business from NYC. If you compete against NYC, you were simply taken down by the SEC, CFTC, and the DOJ who are effecticely owned and operated by the big boys in NYC.
Then we turn to Sen. Harry Reid (D-Nev.). Honestly, only a complete moron could introduce FATCA and assume it will not adversely stop American business from expanding outside the USA. This raises the question that we must ask: Is Sen. Reid also owned to create the American Oligarchy? Just as you cannot compete with New York, ONLY the big multinational companies can have accounts outside the USA. In the early 1980s, I simply jumped on a plane and went to London , negotiated for an office, walked to the bank and opened a local account. It was no big deal. Our London Office opened in a snap back in 1983. Today, that isIMPOSSIBLE for any American to start a business anywhere internationally.
Sen. Harry Reid cannot be that stupid. Surely, this must be the same covert corruption that protects New York that he is concocting to ensure the multinationals are the ONLY companies that can operate and if a small guy invests the next Facebook, he cannot expand without selling the company to an American multinational.
What is Putin Up to? Welcome the Altyn
Putin is staring straight into the eyes of a dead Europe whose governments are being consumed with Marxism, corruption, and self-interest – the same thing that destroyed Russia – go figure. He has stated that the collapse of the Soviet Union was the greatest tragedy of the 20th century. Nonetheless, he is not entirely blind to the idea of capitalism and free markets. In May 2014, the presidents of Russia, Kazakhstan and Belarus will sign an agreement on the establishment of theEurasian Economic Union. Sections 9 and 11 the agreement, the draft of which is available on the official website of the Russian Ministry for Economic Development, are devoted to the joint monetary policy and financial markets. During the first stage, it is planned to set up an advisory board of the heads of central banks of participating states. The banks would be responsible for the rate of national currencies, regulation of banking and insurance activities and the harmonization of the securities market.
The Eurasian Economic Commission will establishment of the Eurasian Central Bank – the supranational regulator of the joint currency. The Eurasian Central Bank will be subordinated to the council of presidents or prime ministers of the EEU. The will then create a single currency following Europe down the wrong path and its name for the new joint currency has been supposedly coordinated –Altyn. The new currency is likely to be introduced no later than in 2025, although international economic sanctions against Russia may cut the process to 3-5 years and we may see this moved up to 2020..
Wealth of a Nation
QUESTION: You recently said that the wealth of a nation is not its gold. How can you justify that?
B
ANSWER: Sorry. Gold was a Western thing – not East. China never issued gold coins, so does that mean they should not exist? When war takes places, Britain abandoned the gold standard as did the USA during the Civil War. Under your reasoning, the country should collapse. That proves the point. It is the productive capacity of the people who is the wealth of a nation. There are nations that were rich from gold reserves but their people were still primitive.
This is the same reason gold is not an institutional investment – only retail. Institutions NEED income – and the only way to get income is to lease it out. But then the gold promoters misunderstand that and see it as oppressing gold. They cannot get their mind around other people think differently and have different needs.
Japan rose to the 2nd largest economy after the war WITHOUT gold or natural resources. It was purely the productive capacity of the people. Rome lost its gold by paying for imports precisely as Cicero warned would happen. Their trade deficit was because the others had goods to sell to Rome proving it is the total productive capacity that is the wealth of a nation neither its gold nor its natural resources.