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Why This Week’s Low is So Important



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Why This Week’s Low is So Important

Post by Lobo on Thu 27 Aug 2015, 12:24 pm

Why This Week’s Low is So Important
Posted on August 27, 2015  by  Martin Armstrong

The Dow fell as far as it could possibly go without reversing the trend on a long-term basis, even technically. The low this week has been 15370.33. This has flirted with our Third Monthly Bearish Reversal at 15550, but we also have a simple technical point of great importance — 15284 — which happens to be last year’s low. Penetrating that number would open the door to a slide into March of 2016.
Consequently, penetrating this week’s low will be INCREDIBLY significant for it would set the stage for an OUTSIDE REVERSAL TO THE UPSIDE in 2016 that would be just about the worst type of PANIC you could possibly create. WHY? Because this would imply a total meltdown in government and the rush of assets from government paper to private assets would be like a building on fire with all the doors locked, except one.

Oh, the bulk of people predicting a market implosion will yell, “The sky is falling!” while waiting for the Dow to fall to 100 for their chance to say, “I told you so!” But we have to stand back and ask: if everything collapses, will the world really just meltdown so easily? Even during periods of extreme hyperinflation, ALL assets rise in value. So there is no possible way for the world to meltdown while ONLY gold rises. That is just insane and the people who argue that money is not tangible are really thieves because it is fiat. They are clueless because ALL money is fiat if it has a fixed value — even gold. Money is purely an agreement for there is NOTHING that exists that is “money” in the context that they preach. Money is merely a medium of exchange that you are willing to accept simply because others will accept it from you. It does not matter if it is gold, paper, or bricks of tea.

Illustrated above is a brick of pressed tea from China that was used as money in 1949. This illustrates that any commodity can be used for a medium of exchange simply because it has a recognized use. In Japan, bags of rice were the medium of exchange for 600 years. Cattle has long been a monetary base in Africa, and it acted as the foundation of the Roman monetary system from the outset, so much so that their bricks of bronze pictured cattle to illustrate its value in exchange — bronze backed by cattle. Roughly, 5 pounds of bronze (Aes Signatum) was equal to one head of cattle. Bronze had tremendous utility value for it could be shaped into a tool for agriculture or into a sword for weapons.
Therefore, the prospect of only gold rising is simply gibberish. If we penetrate this week’s low, then the type of Phase Transition that follows will be the worst type that we could ever imagine. This would set the stage for the complete meltdown in government. This will become our greatest concern for the pendulum will swing to the extreme left which will propel the swing to the extreme right. This becomes totally insane.

This entry was posted in Future Forecasts, Gold and tagged Cattle, DOW, Dow Jones Monthly Reversal, Gold, Phase transition, Pressed Tea, What is Money? by Martin Armstrong. Bookmark the permalink.

    Current date/time is Wed 26 Oct 2016, 10:05 pm