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KWN Exclusive: Martin Armstrong - Gold’s Next Move
With continued turmoil in global markets, King World News has now released the exclusive interview with internationally followed Martin Armstrong, Founder and Former Head of Princeton Economics International, Ltd.. Armstrong’s firm rose to be perhaps the largest multinational corporate advisor in the world and by the 1997 Asian Currency Crisis, Armstrong was invited by China and he flew to Beijing to advise the Central Bank. As KWN has already disclosed, many people don’t realize that Congress went to Martin Armstrong for help as the fires were burning during the financial collapse of 2008.
© 2011 by King World News®. All Rights Reserved. This material may not be published, broadcast,
rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
October 2, 2011
When asked if the coming mania in gold will eclipse what was seen at the end of the ‘70s gold bull market, Armstrong responded, “Probably, we tend to call it a phase transition and what people have to understand is when you begin to see that, that’s the danger point when it’s going to peak out and collapse.
By a phase transition what I mean is, in the 1980 mania for example, from 1976 it went from about $102, up to mid december of 1979, to finally reach $400. The last six weeks it goes from $400 to $875. So it’s a doubling effect that you will see, but in a very, very short, compressed time period. When you start seeing that, that is the sign of a major high, and we haven’t even approached that yet.”
When asked about what Congress is drafting with his help, Armstrong stated, “Well, unfortunately in politics you can’t get any kind of major reform passed at this stage of the game because most people are going to look at their careers and it’s really a stalemate.
So the only real option you have is to basically set down, on paper, how to revise the world monetary system, and you keep it in the drawer. Then, when basically everything hits the fan, you pull it out out of the drawer and then it gets passed like tarp within a matter of a few days.”
For clarification KWN asked, “So we will be in this manic phase, this unbelievable crisis, gold will be skyrocketing and they (Congress) will pull this thing out of the drawer and they will ram it through?” To which, Armstrong replied, “That’s the way it always is.”
The King World News interview with Martin Armstrong is incredibly powerful. This was a man who at one time sat atop the financial world and who, to this very day, world leaders still go to for counsel. Armstrong covered who will collapse first, currencies, gold, the mania and much, much more. The KWN interview with Martin Armstrong is available now and you can listen to it by CLICKING HERE.
© 2011 by King World News®. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. However, linking directly to the blog page is permitted and encouraged.
Eric King
