A PART OF NY A Macro View on the minutiae

The story of Martin Armstrong is a constant reminder that we no longer live in a free country.  He was one of the worlds foremost minds on economic strategy.   Then he started telling a few too many truths.  Now he is sitting in solitary confinement having to smuggle out manuscripts – who says we have no political prisoners.   Anyways, his latest work is predicting that we are starting the next phase of the debt crisis.   He also gives some advice that the politicians will never implement.   A few paragraphs from his manuscript are

“I am writing this because it is urgent.   We are entering Phase II of the Debt Crisis.  When the Euro was being born, A special commission came to my London Lecture by special request.  I explained that they had to adopt the original Fed Model so that each country had its own interest rate.  That they adopted just as the 12 branches of the Fed, at first, had a separate interest rate to manage capital flow.  Now the EC is in a dire position and a debt crisis at the sovereign level is starting to materialize.  This will spread to US/State debt and the CFTC move to limit currency trading by the public from 100:1 to 10:1 can cause a liquidity crisis that backfires,  magnifying everything.”

…

“Please Forward this to Politicians everywhere

(1) We freeze all National Debt
(2) We issue coupons whereby the debt will be redeemed for local currency to be invested in the domestic economy debt or equity
(3) Each Nation then establishes its own currency pegged to (Euro).  The US debt is swapped for coupons that may be spent domestically
(4) All direct taxation must end.   No Income Tax, Gift, Inheritance, Capital Gains or Property Tax.  All local Gov’t funds itself by Retail Sales Tax.
(5) Fed Gov’t prints the cash needed instead of accumulative deficit each year as % of GDP.  Add up interest paid 1986-2006 – The US debt,  other than interest, would have been $300 Billion.   Printing, if controlled, will not be a FIAT nor hyperinflation.   We need a steady growth of money supply to expand and keep pace with population.”

To Read all the details, and I reccommend you do, go to http://www.scribd.com/doc/28670605/Martin-Armstrong-From-the-Hole-3910