Martin Armstrong, noted market analyst extraordinaire, joined FSN for a far reaching interview about the current direction of the economic system and the future of the Euro, Gold and the Dollar. His new book is due out just before the election and it promises to be a real bombshell. Martin’s done what few people have had the desire or commitment to: he went back to the Great Depression and analyzed the sovereign debt defaults and the true underlying causes.While this time is definitely different, there are many striking parallels. Sovereign debt defaults are the rule, not the exception, this time as well as last. The politician’s inability, lack of desire and incomprehension are the same this time as well. The attempt to print the world’s way out of the jam is another recurring theme. Which just proves that the more things change, the more they stay the same. Try telling that to Congress!
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