All posts in " America’s Economic History "
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Did Life Insurance Companies Survive the Great Depression?

By admin / April 8, 2019

QUESTION: Did insurance companies just declare bankruptcy during the 1930s to escape liabilities? PD ANSWER: Personally, I have NEVER had an insurance policy that EVER paid what they promised. To me, it is one giant scam. You lie to an insurance company and it is a crime. They lie to you, and they walk on water. They […]

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Are Bonds Preferable to Stocks in a Crisis?

By admin / March 20, 2019

QUESTION: There are a few people coming out claiming the stock market will crash so buy bonds even though you will lose money. How can people keep calling for a mega-crash so long with constantly being wrong since 2010? Thank you for your reason NR ANSWER: These people are still living in a world that […]

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Why Has the USA been “Pinnacle of Global Success”

By admin / October 25, 2018

To the shock of everyone in politics and economics who can’t get enough socialism and want to bash that the disparity of income is so evil, these Marxists are beside themselves when the World Economic Forum released a study that shows the United States is the most competitive nation on earth. They have, however, concluded that their […]

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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, […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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