Posted on 11/08/2014 10:47:19 AM PST by blam
Paul Joseph Watson
November 7th, 2014
Economist Martin Armstrong is predicting that rising resentment against the status quo as a result of economic inequality is likely to cause a serious political uprising before 2016.
“It looks more and more like a serious political uprising will erupt by 2016 once the economy turns down. That is the magic ingredient. Turn the economy down and you get civil unrest and revolution,” writes Armstrong.
In making the forecast, the economist cites the case of 90-year-old World War 2 veteran Arnold Abbott, who is being targeted by authorities in Fort Lauderdale for defying a newly passed city ordinance that criminalizes feeding the homeless, an example says Armstrong of how “laws in the USA have simply gone nuts.”
Armstrong, who correctly predicted the 1987 Black Monday crash as well as the 1998 Russian financial collapse, asserts that the downfall of the system will be its inability to gauge the anger that Americans currently feel towards their government.
“You just cannot make up this stuff. And the Democrats cannot figure out that the people are getting pissed-off at who is ever in office? And what about the police?” asks Armstrong. “Is this just turning into thugs with badges who just enforce whatever law some nut-job politician writes? What if they passed a Herod type law to curb population and decree that everyone must kill their first-born. When does reason ever return to the police force these days? They no longer protect the people – they protect the politicians against the people.”
(snip)
(Excerpt) Read more at shtfplan.com ...
Did the recent Republican wins postpone things?
I was wondering when the food riots of 2010 were going to take place.
What they tell you is when their predictions hit.
What they don’t tell you are the 9,999 times out of 10,000 when they didn’t hit.
The Jean Dixon model lives on...
Economist Martin Armstrong is recommending the Soylent Green stock.
Yawn!!!!
If you stocked up on non-perishables gradually when on sale prior to 2010, you made out alright due to food price increases since then, so long as you purchased items you’d use anyway.
If you bought gold prior to 2010 you did alright too, but should have sold last year. I was expecting a decline to $1,200/oz gold this year because so many authorities with the ability to move the needle telegraphed exactly that intention. But, we’re there and still declining, so it looks as if the next floor would be $1,000 to me. I can’t bring myself to pay even that.
Comletely freaking out over some possible worst case scenario is not advisable, but pondering the repercussions of it is a good thing to do. It’s not hard to see the instability inherent after the 2008 real estate bust and financial crisis. These are not normal times and it’s not going to be business as usual for some time yet into the future. That calls for some level of preparedness but just what that level might be varies from one person to the next.
“I’m still waiting for the ‘certain’ collapse in the summer of 2010 and for gold to go to $2,500.00/oz.”
There will be a collapse eventually with unchecked growing levels of debt but I agree, these predictions of the exact date are getting ridiculous.
Nevertheless, don’t forget there was a 2008. Collapses do happen and each one seems to be getting progressively worse.
I agree; if Americans will tolerate affirmative action they’ll tolerate anything. The government placates enough to prevent the fury of the French or Russian revolutions (primarily through food stamps and welfare), and the American people are too fractured to have a united response to a government (of both parties) that has sold them out.
Divide & conquer works well...
If gold was going to be $50,000 per ounce, then why is GoldLine selling them for $2000 per ounce? Are they morons? No, their customers are morons.
“What they don’t tell you are the 9,999 times out of 10,000 when they didn’t hit.”
True of most.
Martin Armstrong gives specific dates based on data. For example, the peak of the world economic system is October 15.2015.
Will he be correct? You’ll know one way or the other without a doubt.
His track record is amazing.
Thanks for the mention. I’d hate to think he’s right about 2016 though.
All brought to you by Obama, Soros, Putin and Co.
***The Jean Dixon model lives on...***
I remember seeing the headlines on THE STAR tabloid. It read JEAN DIXON SAYS NIXON WILL NOT RESIGN!
It hit the news stands the week Nixon resigned.
Ten years later, her publicity manager was saying she HAD predicted Nixon’s resignation.
Only CRISWELL PREDICTS has a worse record. Nothing he predicted back in 1968 has come to pass.
If it were to happen I could see Obama using it like Hitler did the Reichstag fire as an excuse to end civil liberties and become dictator
The only reason I was able to survive the starvation of the 1980s was by eating remaindered copies of Paul Ehrlich's The Population Bomb.
Or the 2010/2012/2014 elections to be canceled by Obama...the ridiculous predictions get more absurd the older I get.
When we finally do have an economic collapse, there’s a lot of people out there who are going to be stuck with a lot of really old canned food.
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