Posted Mar 29, 2015 by Martin Armstrong
I would like to thank everyone for participating. This event may have been the largest financial conference in history with more than 5,000 attending from 47 countries. If everyone watched bringing just one friend, then we probably exceeded 10,000. The whole purpose of this event was to start the ball rolling with a discussion of reform.
The recording will be up now for 2 weeks for people to watch through the PEI site.
We have no choice in this matter, Either we default by deflation or by inflation in which case we end up with massive civil unrest and the risk of REVOLUTION or a major INTERNATIONAL WAR.
The Solution as presented is by no means a Solution for all out problems. There are huge problems with regulation, unfunded liabilities, etc.. We cannot address all of these concerns from the outset. We have to start the ball rolling. Get the process started, and the rest will take shape in the course of time and circumstance.
Eliminating Taxation, Privatizing the Debt, ending Federal Borrowing, and eliminating political contributions so elections are funded by government are all plausible. The eventual debatable reform is capping the size of government.
We are in a Schumpeter Wave of Creative Destruction. This is what we face on the other side of 2015.75. There is little hope of coming out of this as a society without change of some sort. Our problem is we constantly turn to the same solutions and repeat the cycle endlessly.
Capitalism is the FREEDOM to decide your own fate. Socialism/Communism is when government makes those decisions for you. We are in a battle between Capitalism v Authoritarianism and this is not a world we really want to leave our posterity. So is the Solution presented the cure for everything? Of course not. It is a palatable solution to start the process moving.
Where we cap the size of government will be the hot question. Moving forward with additional reforms like term-limits may be possible since the older generation is gradually dying out. This will remain works in progress.
We have to begin somewhere and this is just the start. The object of this exercise is to start the debate. I have already discussed the basics with people in government around the world. The 50 shades of grey are centered on what portion of GDP do we cap government. Get this first round of reform in place and change will sweep through faster than you may suspect.
How do we begin? It needs to be with any government, Greece, Italy, Spain, where the economic pressure is already felt by the people. The United States is not ready yet. We have to wait until the other side of 2015.75.
I will be doing a tour of Europe for 6 weeks going everywhere from Poland and France to Netherlands down to Spain. I have been invited to speak at three Universities. So the ball is rolling. We now need more team-players to help it this over the goal line. We start to fight back and reclaim our FREEDOM, or we will be suppressed to the point all will be lost.
If we can change these elements, FATCA will vanish, the NSA no longer needs to track our money, and you can have cash in your pocket once again. In Britain, they too are confiscating cash even if you have receipts just as they do in the States and France. CASH has become the target of police everywhere and this is all because government is broke. There will be no FREEDOM or LIBERTY left in just a few years. It is time to act before you need to give a DNA sample to get on a train, bus, or plane.