All posts in " America’s Economic History "
0 Shares

Marriage on the Decline but So is Divorce?

By admin / September 30, 2018

The big hoopla is that the divorce rate has declined among Millennials. University of Maryland professor Philip Cohen found that from 2008 to 2016, the U.S. divorce rate dropped by 18%. Around the globe, the number of unmarried women has been rising The numbers seem to point to women and men are not simply postponing marriage, […]

0 Shares

Who was the Richest Man in Ancient History

By admin / September 11, 2018

QUESTION: Mr. Armstrong; You are a history buff. Who was the richest person in ancient times? Has there ever been a trillionaire? PD ANSWER: The Roman Emperor Augustus. He is believed to have been worth in current dollar terms nearly $5 trillion. The only other person to have reached the trillion dollars net worth status […]

0 Shares

Precious Metals were Worth Less than the Coinage

By admin / August 14, 2018

QUESTION: Mr. Armstrong; I do not understand your statement that even when coins were silver and gold, they were still a form of fiat money. Could you explain that please? BB ANSWER: The evidence that supports that statement is abundant. We find coins of the immediate financial capital be it Greece or Rome, were IMITATED […]

0 Shares

Has 95 become the New 65 for Retirement?

By admin / July 22, 2018

One of the more interesting downsides of the collapse in socialism is the impact upon the elderly. The data now shows that since the 2007-2009 recession, about twice as many elderly are still working. When interest rates decline, income from savings collapsed. So while the theory was to lower interest rates to “stimulate” the economy, the […]

0 Shares

Jesse Livermore – Greatest Trader of All Time?

By admin / May 24, 2018

QUESTION: Dear Mr. Armstrong: Thanks for your soon reply. I ask you: 1. Why do you consider Jesse Livermore the greatest investor of all time?. 2. Which are the main reasons?. I look forward to hearing from you as soon as possible. Sincerely, JEMV ANSWER: Jesse Livermore (1877 – November 28, 1940), was a famed American […]

0 Shares

The US Two-Tier Monetary System that Ended in 1971

By admin / May 4, 2018

QUESTION: You said the US had a two-tier monetary system under Bretton Woods. Can you explain that one, please? DHJ ANSWER: When Roosevelt confiscated gold, he created, in reality, a two-tier monetary system quite frankly as the medieval city of Florence. The Great Financial Panic of 1344 was when the value of silver rose dramatically blowing […]

0 Shares

The Monetary Reform of 1857 Ends Legal Tender Foreign Coins

By admin / March 11, 2018

QUESTION: Mr. Armstrong, I found in my grandmother’s belongings a penny from 1855 and one from 1857 which was much smaller and silver in appearance. Was there also a monetary reform that changed the coinage during the 1850s? PK ANSWER: Oh yes. But it is far more interesting than meets the eye. Foreign coins were […]

0 Shares

Joseph Napoleon Bonaparte & His Exile in New Jersey

By admin / October 11, 2017

QUESTION: Years ago, while visiting Salamanca, Spain, I was told that Napoleon’s brother abandoned his rule over Spain and made off with a large cache of gold. I know that he fled Spain to New Jersey. Is there any truth to this gold story? If so, what economic impact did he and the gold have in […]

0 Shares

Getting the Facts Straight – Are they Just Oblivious to our History?

By admin / April 6, 2017

QUESTION: Mr. Armstrong, I was reading one analyst who claims we need a new dollar. He said that in 1832 Gold coins were produced at a face value of $20 each, and the one ounce Silver coins retained their $1 valuation and were issued in 1792. He concluded: “In summary. A Silver coin standard in 1792. […]

0 Shares

When Sovereign Defaults Create a Depression

By admin / February 17, 2017

The 1840 Presidential Election took place in the midst of a great depression that was set in motion by State Sovereign Defaults after Andrew Jackson shut down the Bank of the United States, which acted as the central bank. There, the incumbent Democrat, President Martin Van Buren suffered a devastating loss to the new unified […]

1 2 3 4
Page 1 of 4