Constitutional Convention

Constitutional Convention by Martin Armstrong for Armstrong Economics

QUESTION: Hi, I am new to Socrates & will try to utilize this wonderful program. A few questions for Mr. Armstrong about the current state of political discourse:

  • 1) Who has the authority to call a Constitution Convention?
  • 2) How does a Constitutional convention work? (What are the rules…etc.)
  • 3) How can we place limits on the authority to stop travel, ban public gatherings…etc. the CDC and other governmental health agencies are abusing covertly and overtly?
  • 4) What happens if the Fed does not bail out Calpers…etc.? HJP

ANSWER: Actually, a Constitutional convention is covered in Article V of the Constitution which provides that Congress shall call a convention “on the Application of the Legislatures of two-thirds of the several States.”  There is no indication that can be inferred from the Founding-era convention practice, that there is any exception suggesting that this clause is straightforward. It is unlikely that the Democrats would vote for such a convention. As such, it does not appear to be a viable option.

There really is nothing in the Constitution that allows for the states or the feds to lockdown the entire country. There have been decisions and historical precedents where those who are sick can be quarantined. But no government in 6,000 years has ever imprisoned the entire population on the theory of protecting public health.

Unfortunately, our legal system FAILS to protect people. It allows the government to do whatever it desires and then puts the burden on the people to go to court. It takes years to get to the Supreme Court, who may just rubber-stamp the government anyway. Our legal system is wholly inadequate and it encourages tyranny as we are experiencing right now.

All state pension systems are going to fail. This is why there is a push to really get rid of Trump so they can usher in major tax increases to bail out the government pensions. The Democrats are advocating the same posture as in Europe. It is the World Economic Forum which under Picketty is advocating a 400% increase in taxes in Europe.

These people are fools. Virtually every revolution throughout history begins with tax increases — “No Taxation without Representation!” The French Revolution — “Let them eat cake!” (which was the crust on pans after the aristocracy ate the pie and bread).

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Martin Armstrong

Martin Armstrong was born in New Jersey the son of a lawyer and Lt. Col under General Patton in World War II. Martin was encouraged by his father to get involved in computers during the mid-1960s. He completed engineering both in hardware and software but after being offered positions by a government contractor RCA in Thule Greenland, Guam, or Vietnam, he decided to go back to gold business that he had first began working while in High School to earn money for a family trip to Europe in 1964 for the summer. He continued to work on weekends through high school finding the real world exciting for this was the beginning of the collapse of the gold standard. Silver was removed from the coinage in 1965 and by 1968 gold began trading in bullion form in London. The gold standard collapse entirely in the summer of 1971 and gold became legal to trade in America during 1975 in bullion form. Previously, the market for gold had always been in coin form as long as they were dated prior to 1948.