Martin Armstrong: One World Currency…

Wow, Martin is quite the artist, wait until you see the drawings inside, they alone are noteworthy. Quite a creative thinker, you will need to tap the left side of your brain to follow him as he describes how and why a new world currency is inevitable.

In this paper he also gives a market update describing what he views as the future for the major currencies of the world. As if that isn’t enough, you will find an open letter to both President Obama, and Wen Jiabao of China.

Very interesting take, you will enjoy reading this compelling piece.

I will note that I have seen and heard some talk by people who do not understand the basic premise of Armstrong’s CONFIDENCE model. While I cannot speak for Mr. Armstrong, my understanding is that it is NOT a model for any particular stock market… it is about shifting CONFIDENCE that manifests itself in various markets and is the result of many underlying cycles.

The latest shift in confidence, a mid point shift, was calculated to be on April the 19th. Below, please examine the daily chart of the dollar futures /DX on the left panel of this chart, and the long bond futures, /ZB on the right:

The dollar has been falling again and this latest leg down began on the next business day following his confidence model date. The bond market also began to accelerate it’s sell off (rising interest rates) about the same time. Is that a shift in confidence I see? The fundamental reasons for the shift in confidence underlying BOTH is the SAME. Again, I cannot speak for him, but this change in confidence is fairly evident to me.

I have personally been telling people that a new currency of some form is coming. Most do not believe. The simple truth is this, the underlying math of never ending growth does not allow Interest Bearing Fractional Reserve Money by Fiat to live a prolonged life. Thus change is coming whether we are comfortable with it or not.

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About Nathan A. Martin 121 Articles

Nathan A. Martin is President of Wingman Investments, LLC, and author of the book Flight to Financial Freedom – Fasten Your Finances. He sees people, both young and old, facing a new era where they are forced to be responsible for their own financial success or failure. His message is clear; become financially literate or be a victim of the external forces that are impacting everyone. Nathan possesses an undergraduate degree in Professional Aviation and Business as well as a Master’s degree in Aviation Management and Operations.

A former Air Force and retired airline pilot, his flying took him the world over participating in many operations including the invasion of Panama, and combat time during Operation Desert Storm. Experience has come over 26 years of flight - logging more than 12,000 flight hours both civilian and military, and as the owner of a corporate aviation management company whose focus was aircraft efficiency.

Influenced by his parents entrepreneurial activities, Nathan began his business and investment training early in life and has used that knowledge every step along the way... from business school to his own corporations and personal investments.

Visit: Nathan's Economic Edge

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