China the Coming Financial Capital of the World | Armstrong Economics

QUESTION: Dear Martin, During the WEC in Rome you’ve mentioned that center of finance moving to Asia after 2032. I’m wondering if work ethics from a country with no religion can be sustainable for so many years? My assumption is if the religion helped to shape the Europe’s success (and not any other part of the world at that time) and later on the USA (with religious work ethics), can it be preserved in China or will it fade away as people over there don’t want to work (they only do that in order to survive) ? Sorry for the strange question but didn’t manage to ask you during the WEC Rome on your thoughts on this topic, Thank you, MK ANSWER: The work ethic is not really derived from religion but from the freedom under capitalism. Both in Russia and China, people retained their religious beliefs but in secret. Chine practiced the Tall Poppie Syndrom where they did not care what you thought provided you did not stick your head up above others. Russia under Stalin was one of paranoia. He directed children to report on their parents. This is why China has boomed for it left humanity intact. The Chinese are highly motivated to work more so than in the West. It is part of their culture. Nevertheless, at some point, China will peak and then decline. The cycle will then return to Europe and then off to the Americas. As society expands, the birth rate declines and people want to enjoy the good life. You even see that is Augustus’ Family Laws.
— Read on www.armstrongeconomics.com/armstrongeconomics101/understanding-cycles/china-the-coming-financial-capital-of-the-world/

Are we Heading into a Food Shortage? | Armstrong Economics

COMMENT: Mr. Armstrong, I find it really distasteful that you laid out events well in advance and then everyone copies you without ever giving you credit. There are articles now appearing about the coming food shortage. The degree of plagiarism is unbelievable. It must be dishearting. I certainly begin to distrust these people and organizations for they certainly even know who you are. LMS REPLY: That is life. They are trying to sell something so they have to pretend to do the research to make money by getting people to read. The flooding wiped out stockpiles. Now the planting season is already behind on schedule because of the weather. As I have warned, the computer has been forecasting colder winters and shorter-summers. The planting season will decline and thus the danger of a serious food shortage as we head into 2024. I previously wrote about the soaring bankruptcies among farmers and combine this with the flooding that continues, I believe the computer will be on point. I also wrote about how this year, the Russian wheat crop failed has failed because of the bitter cold with even April coming in as the coldest in more than 140 years. To make matters worse, our computer warns that the weather will not improve. The next 4 years will put even more financial pressure farmers. Even in Australia, the drought is sending the “roos” invading the cities and they like to feed precisely during Rush Hour. The drought is so bad in Australia, that animals are dying for lack of feed crops. In the USA, four states are well behind on the planting schedule – Illinois, Minnesota, Indiana, and South Dakota. These four states combined to produce nearly 40% of the corn in the U.S. The charts are not yet responding to the fundamentals. This should begin to change next year. Nevertheless, we are building bases at higher levels. I have written plenty of times that any continuation of the weather beyond this season warns of a continued cooling trend. When our model is showing Global Cooling and 2019 has broken so many records, then there is a risk of a pending bull market in the price of food. This is something rather important enough to put on the agenda but governments prefer to listen to the Global Warming crowd to justify taxes.
— Read on www.armstrongeconomics.com/markets-by-sector/agriculture/are-we-heading-into-a-food-shortage/

The Importance of the Underworld ~ The Imaginative Conservative

The mythic theme of descent to the underworld is virtually universal. The hero journeys to the underworld to confront the monster, then returns with the prize. That the hero must go down into the depths to battle the dark forces seems written into the very fabric of human psychology… (essay by Dwight Longenecker)
— Read on theimaginativeconservative.org/2019/05/importance-underworld-dwight-longenecker.html

Way down deep inside of all of us…………………

A Strong US Dollar is the Only Way to Create Change | Armstrong Economics

COMMENT: It is interesting how these people take your interviews and inject headlines like you say the dollar will collapse in April 2019 when you have said exactly the opposite. Just unbelievable how these people use your name to promote their BS. JD REPLY: I know. They keep preaching the dollar will collapse when it is exactly the opposite. They are trying to sell their biased view which is always based upon the idea of the quantity theory of money – the same exact philosophy used by the central banks in Quantitative Easing. The ONLY way the monetary system will break is with a STRONG dollar – not a weak dollar.The monetary system has broke ONLY when the dollar rises as in 1934 and 1985. The US always wants a weak dollar to increase corporate profits and and create a trade surplus. It is really quite amazing how these people keep preaching the same nonsense for decades and have never been right for more than 30 years.
— Read on www.armstrongeconomics.com/markets-by-sector/foreign-exchange/usd/a-strong-us-dollar-is-the-only-way-to-create-change/