by Martin Armstrong
March 31, 2014
from ArmstrongEconomics Website
Both of these models converge and as I pointed out at the Cycles of War Conference, this is the first time we have seen this convergence since the 1700s.
These are grassroots uprisings cross-fertilized perhaps from a world contagion yet they often have similarities - corrupt governments.
...are all middle-income democracies with elected leaders besieged by people angry at misgovernment, corruption and economic sclerosis.
These days it is no longer just dictators who have something to fear from the crowd.
This is the promise of Marxism that centralized
planning and false promises are coming home and governments are too corrupt
and incompetent to deliver what they have claimed for decades.
The promises that you save for the future have collapsed into dust as interest rates have been driven lower making savings utterly worthless.
There is no such thing as saving and living off
your fixed income. The elderly are being driven back into the work force and
the whole ideas that a generation believed in are vanishing before their
All governments are now the targets and when the
economy turns down after 2015, the threat of civilization will be pulled
apart by the self-interest of politicians clinging to power to the detriment
of the people.