All posts in " America’s Economic History "
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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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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 […]

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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 […]

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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. […]

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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 […]

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California files Petition to Secede from USA – CALEXIT

By admin / January 28, 2017

A proposal for California to secede from the United States was actually submitted to the Secretary of State’s Office this week. The proposed “CALEXIT” proposition plans to ask voters to repeal part of the state constitution that declares California an inseparable part of the USA. Recent polls found that one in three California residents want to […]

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Currency v Language

By admin / January 12, 2017

QUESTION: Do language and currencies move in line with each other? Is language a leading indicator to currency i.e. Spanish in California. Will they create their own currency if they separate from the states? ANSWER: There is a direct link between currency and language. When I was doing interviews in Europe, I explained the euro would […]

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The Real Crisis Trump Will Face With Trade

By admin / December 29, 2016

The entire problem with trade and jobs has been its focus on only the job and not the consumer. David Ricardo developed his principle that nations should pursue their own competitive advantages. In other words, just because I might want to be a brain surgeon does not mean that (1) I might be very good at […]

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Can Rates Rise with Deflation?

By admin / December 24, 2016

QUESTION: Hi Marty, How does the model’s call for deflation (earlier blog posts) fit in with the likely major cycle low in interest rates (per your recent posts)? Can there be general price deflation and yet interest rates increase significantly? ANSWER: Yes. Rates can soar to outrageous levels during the collapse of a system, which reflects […]

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