About this UNOFFICIAL BLOG on Martin Armstrong's writings

This is my attempt to provide a simplified approach to Mr. Armstrong's writings, essays and etc, current and past. I do this without any intention of controversy or judgement of his works. I do not know Mr.Armstrong, and say of him as as Will Rogers once did: "All I know is what I read in the papers...." which in this case are the works of Mr. Armstrong in the public domain.

Monday, March 19, 2012

the actual 4 points supposed to be in the last post

in this article published today, what I got from it were these four points MA advocates would be like those Caesar implemented in the Roman Debt Crises of his time:

 1/  Reduce mortgages for "Distressed Homeowners"  "under water" by about 1/3 to 1/4 to provide relief but yet not bankrupt lenders.

 2/ Reduce Consumer Credit interest rates by re-instituting USERY Laws, cap them off at 9%.

 3/  Restrict Banks to BANKING.  No trading, no associated business, by passing a strict Glass-Steagall LAW

 4/  Move from Direct taxation, by eliminating IRS and moving to a National Sale Tax, not a VAT.

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