I'm not qualified to write a   synopsis but I can quote the tl,dr slide
Edit: Slide's part of this blog post
http://armstrongeconomics.com/2015/03/29/solution-conference/

...

thatbluedude & wearefucked

Re "tl;dr" Armstrong (my comments in blue):

-Eliminate Federal Income Taxation  No way.  We wish, but will not happen.
-Debt to Equity Swaps  Not sure what you mean.  Whose debt for what equity?
-Prohibit Federal Borrowing   Bwahahahahahahahahahahahahahahahaha.......
-Eliminate Forced Retirement Taxes   No way, they (.gov) need the money now!
-Eliminate Political Contributions  No way!!  Even if there were a law, the money (cash or crypto) would find a way to their pockets.

*   *   *

When I am done with the book, fascinating now -- most excellent, I am going to review (and probably recommend) a new book: Future Crimes (Marc Goodman) which will not only discuss criminal activity (mostly internet, etc.), but, ahhhh, maybe inspire some ideas in self-defense.

Armstrong's Nationalization Pump & Dump "Solution"

Armstrong is proposing the Central Banks print money to buy up corporate shares then the debts can be converted to these shares.

http://armstrongeconomics.com/2015/03/29/debt-equity-swaps/

That can't work because corporate shares are not fungible!

So he proposes to create a new basket weighting of corporate shares so each swap gets the basket and can then trade it.

So of course you want to sell the basket and move your capital out to the higher performing equities.

So this would essentially be a pump and dump and crash the global economy!

What an idiot!

He is trying so hard to avoid bottom-up, creative destruction. He is trying for top-down solutions and all of them will fail.

...

wearefucked

Well, yes we are fucked!  Now that that bad joke is out of the way...

Armstrong, however smart he is (very smart IMO), is proof that the world is too complicated a place for one man, even with supercomputers, a staff and a very high intellect to completely understand.  Yes, it looks like Armstrong has proposed one or more dumb ideas lately, but as I am not up to adequate speed on him, I leave my comment at that.

NEVER base your financial decisions (if you have assets worth protecting) from one source of information.  NO ONE knows enough to reliably guide anyone through a complex and unpredictable future.

This is the main reason why I have always liked diversification (in assets & geography), at least to some degree and well thought out.  I base part of my thinking on probability, a branch of mathematics I highly respect.  You already know that probability does not equal prediction...

*   *   *

It is taking me a LONG TIME to read and assess your (especially your early) work that you have linked here.

I AGREE that a Age of Knowledge is likely, but is not certain.

Hedge accordingly (and in your case, get back to 100% of your health).

---------------------------- Original Message ----------------------------
Subject: Be on the right side of history or perish. It is your choice!
From:    wearefucked
Date:    Mon, March 30, 2015 9:24 am
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------


http://armstrongeconomics.com/2015/03/30/we-cannot-escape-the-past-until-we-see-the-future/


Armstrong is proposing that the government can just print the money it needs instead of borrowing it into existence or taxing the people to obtain funding.

Although this is not what he intends, this would mean for example the one-world reserve currency coming could be printed and then used to bailout nations that have been too profligate and destroyed their own currencies.

Armstrong's myopia is he can't see that representative money is the new dinosaur. We moved from barter to representative money which was necessary during the usury, stored monetary capital intensive Industrial Age.

Now we are leaving the Industrial Age and heading into the Knowledge Age. I was the person who invented this concept (see my essays linked from the opening post on this thread). I am the canonical source.

In the Knowledge Age, we will have money that is controlled by no one. And thus we are moving beyond representative money wherein we trusted a State to control the money supply, to a free market where the market controls which money they trust and thereby controls the money supply with a free market action.

Sorry the State will simply die and not be funded.

We are moving to a Libertarian world where all services will be provided for profit.

There will be no more State and no more public services.

The powers-that-be will fight hard to hang on to their own system. We will go through many years of Tribulations. They will create a one-world reserve currency system to try to sustain the States and they will try to hunt down all the private money in the Knowledge Age.

But they will fail in the end. And all those who depend on their antiquated system and Armstrong's myopia, will perish.

Be on the right side of history or perish. It is your choice.

I agree with this reply, because of understanding a new thread or so very interesting thread will asure you to have a better understanding and also you know what that really thread are. So if we understand the thread even if its take a 2 week to really understand it we will know why that thread is so meaningful and also why the bitcoin talk will be success and very useful.

> Regarding Bitcoin, I thought we both agreed it was an elite psy op
> (Bitcoin itself, not the concept of crypto currency).  Bitcoin is
> manufactured dissent, if you will.

TPTB either created Bitcoin or they co-opted it.

You are looking MOSTLY at the propaganda markers.

You are focused on the masses or even the mental manipulation of sectors of society. Whereas I am pointing out that those fodder are irrelevant!

I am pointing out that if the knowledge capitalists shift their monetary system to one that can't be taxed and controlled, TPTB have lost. The masses are irrelevant (or a liability) except to the extent they can give political power to the TPTB. Now the jury is still out on whether that will be achieved technologically, but I am reasonably certain it can and will be achieved. TPTB will respond by trying to ramp up regulation of the internet, e.g. the recent FCC net neutrality take over. But I think it is technologically impractical to exist widespread web hosting and websites and for the TPTB to have the level of regulatory control they would need to squash a properly implemented anonymity protocol (something like Tor but can't be Sybil attacked).

They do not have the ability to murder all the knowledge capitalists. If they started down that road, the knowledge capitalists would turn their vast knowledge towards protection against the threat.

The basic problem for the TPTB is they've declared war against the knowledge capitalists and sorry they can not win. The hackers can run circles around the NSA, because remember what I wrote:

http://unheresy.com/Information%20Is%20Alive.html#Knowledge_Anneals

"Unsophisticated thinkers have an incorrect understanding of knowledge creation, idolizing a well-structured top-down sparkling academic cathedral of vastly superior theoretical minds. Rather knowledge primary spawns from accretive learning due to unexpected random chaotic fitness created from multitudes of random path dependencies that can only exist in the bottom-up free market. Top-down systems are inherently fragile because they overcommit to egregious error (link to Taleb's simplest summary of the math). Given Kurzweil's sensationalized magnum opus is the technological singularity, it is surprising that he is apparently not well studied in the field of social knowledge formation."

This message is pure evil. I am shocked on how wicked this little man become.

The fundamentals of barter economy means everything. From "taking responsibility" to everyone getting more than they have for each transaction.
He got my beautiful angel spawned from the human awareness, that idea of removing the commoditization nature of money, and bond it to the ultimate darkness removing any humanity from it. A money completely void of any human evaluation, summoned only by desire, from nothingness, by the political "alienator".

Taking the society entirely into such a system which every decision is made based on top-down fear and lies. My god. Why would anyone use such dirty money such unnatural money but by fear? Who would trust his name, time and will on something that can be manipulated in every layer of its essence but by trickery?

wearefucked, this shit is so so evil that even your anonymity crypto-currency would be a better call.

By the links you guys provided Armstrong is asking "Why don't we just agree to believe on the strongest player, for ever?"

---------------------------- Original Message ----------------------------
Subject: Armstrong and his followers will be expropriated
From:    wearefucked
Date:    Thu, April 2, 2015 9:11 am
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------


Armstrong is entirely correct below. Monetization of the debt can't be done without impacting the exchange value of the dollar and other market reactions to the devaluation. He is correct the central banks are powerless. But he uses this correct logic, to try to argue that his debt-for-equity swap is the only solution. I had already pointed out that an equity swap is only viable when default is the alternative. Right now investors want to hold bonds and they are not yet faced with default. They don't want equities because it is a different asset class with a different risk, economy-of-scale, and ROI profile.

So Armstrong's non-solution is untenable.

The only solution is decentralized, crypto-currency anonymous money. That is where we are headed and Armstrong his followers will end up being entirely expropriated while the Knowledge Age folks will move into anonymous money systems and continue to prosper and do profitable business as usual. The fledgling Knowledge Age will leave these dinosaur Industrial Age capitalists behind. It seems you can't teach an old dog new tricks. Armstrong and his followers are blind-as-bats.

http://armstrongeconomics.com/2015/03/31/can-the-fed-just-cancel-the-debt/