Sunday, July 01, 2012

LATEST FROM DR MARTIN ARMSTRONG "HOW DO EMPIRES DIE"

GOLD TO STRATOSPHERE

Dr Martin Armstrong:
 http://www.inflateordie.com/files/How%20Do%20Empires%20Die%2006-17-2012.pdf

>>During economic crisis, money is hoarded. People curtail their spending to survive. Grover Cleveland addressed the Congress in a Special Session where he criticized his own party stating: <<
"At times like the present, when the evils of unsound finance threaten us, the speculator may anticipate a harvest gathered from the misfortune of others, the capitalist may protect himself by hoarding or may even find profit in the fluctuations of values; but the wage earner - the first to be injured by a depreciated currency - is practically defenseless. He relies for work upon the ventures of confident and contented capital. This failing him, his condition is without alleviation, for he can neither prey on the misfortunes of others nor hoard his labour."

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