The Forecaster is a story of finance with Martin Armstrong reads like a movie script: a man designs a model that can predict the future. He calculates developments in the world economy with eerie accuracy and even the outbreak of wars. Until the FBI is on his doorstep and he is sent to prison. A free man again, he shares his views on the financial crisis and offers his solutions to governments.
According to the International Monetary Fund, global debt has grown to a staggering grand total of 152 trillion dollars.
We are living during the greatest debt bubble in the history of the world, and our financial engineers have got to keep figuring out ways to keep it growing much faster than global GDP because if it ever stops growing it will burst and destroy the entire global financial system.
Bill Gross, one of the most highly respected financial minds on the entire planet, recently observed that “our highly levered financial system is like a truckload of nitro glycerin on a bumpy road”.
A Kazakhstan company hired an American intelligence firm in London to spy on the global anti-asbestos movement. They did it with a man who posed as a journalist and pretended to make a film about the evils of the asbestos industry. The spy – Robert Moore – got away with it for four years, until he was exposed last year.
Having warned that “everything will grind to a halt on March 5th” due to the under-appreciated debt-ceiling debacle that looms over Washington, and exclaiming that “what is going on today is complete insanity,” former Reagan Budget Director David Stockman is rapidly losing faith that anything can be done…
“I’ve thrown in the towel because he’s not paying attention and he’s not learning anything and he’s making ridiculous statements.”
Reflecting on Trump’s address to Congress, and what we know of The White House agenda, Stockman told Fox Business’ Neil Cavuto:
“We don’t need a $54 billion increase in defense when the budget already is ten times bigger than that of Russia. We don’t need $6 trillion of defense spending over the next decade because China is going nowhere except trying to keep their Ponzi scheme together.”
Stockman rejected Trump’s dynamic scoring hope…
“Trump is so deep in fiscal la-la-land, he won’t even find the wrong envelope… he is saying crazy things.”