Economic Advice by Martin Armstrong

Martin Armstrong so thoroughly discredits himself in many blog posts, only a complete idiot would take any of his advice.

Take for example his ideas on food security:

Local Food a Good Idea for Economic Freedom 

Posted Feb 5, 2016 by Martin Armstrong
Sorry for the typo, this is a good idea for those who want to look at having a back-up for the future. But this idea should also be taken seriously in places that need to import food. The number one reason politicians have stated that Greece should remain in the euro is that they have to import their food. This would eliminate the majority of that problem. I strongly recommend Greeks look at this technology. It can also provide economic freedom from the EU.

The Way of the Future 

Posted Feb 5, 2016 by Martin Armstrong One of the more vital technological advancements has been developed. They can grow all the necessary food without farmland from inside a warehouse that is completely free from genetic tinkering or chemical whatever. This technology and has been doing a bang-up job around the world. It would probably not be a bad idea to set one up in a basement for the years ahead. This is the way of the future — fresh food coming from your basement.

So here we go. Expand your basement to the size of a few acres and grow wheat, rice and potatoes.


Some say say Martin Armstrong is an economist. He isn't one. He is a school drop-out who spent 11 years in jail. Anyway: How could any economist ignore economic principles?

Show me one farmer on earth who economically produces staple food without sunlight. There isn't one and there will never be one.
 
Just as a footnote, even unrefined crude oil is more expensive than grain by weight, and there will not be an economic replacement on a significant scale for open air agriculture powered by the sun to produce the food that humans need. Not ever.