All posts in " Economics "

Stagflation Versus Hyperinflation

By admin / February 12, 2019

QUESTION: Reading your posts it seems to me you disagree with the pending hyperinflation forecasts.  What do you see coming then? PH ANSWER: Hyperinflation comes when two primary requirements are met: (1) there is a complete collapse in the confidence of the government; (2) the government can no longer borrow and can only create money to […]


New Monetary Theory is Like Sleepwalking

By admin / February 6, 2019

QUESTION: Bernie Sanders was basing his whole economic proposal to just keep spending and make everything free. They seem to be teaching this in school now. This macroeconomic theory whereby a country’s spending is only constrained not by revenue in taxes but by inflation when it creates a sovereign currency. It seems too good to […]


Revolution – Why it is Always Inevitable?

By admin / February 2, 2019

  COMMENT: Mr. Armstrong, I just went to see Les Miserables with my wife. I was really moved for it was indeed how history repeats. It just seems we always end up in the same position because government never changes. PB ANSWER: Unfortunately, socialistic governments pretend that they are taking your money for your own benefit. The […]


When is Printing Money Deflationary rather than Inflationary

By admin / January 30, 2019

QUESTION: It seems the Left Wing Progressives in the US House (opponents of Pelosi) have adopted the Money Market Theory of Prof. Stephanie Kelton of U of MO.-Kansas City to justify unlimited deficit spending of the US Govt. OK as the Govt. can finance its deficits by unlimited currency printing. Would you please comment. Thanks and […]


The Central Bank War – Nobody Notices

By admin / December 20, 2018

QUESTION: Mr. Armstrong: I have watched in amazement how you connect all these elements. Everyone I spoke to agreed this was your best WEC ever. You have said the Fed needed to raise rates because of the pension crisis and it would have nothing to do with inflation but it has to normalize rates to help […]


Custodial Risk

By admin / December 12, 2018

QUESTION: I have been a reader for 10+ year, Socrates subs and reg for Orlando WEC. Thank you and as a Veteran, I admire your courage and service. Ques: Under Dodd-Franks & Bail-In & Bankruptcy Priority; and, due to the Global Debt Crisis, is there a Custodial Risk for Investors a) who are “beneficial owners” […]


When is Inflation – Deflation?

By admin / December 11, 2018

QUESTION: Mr. Armstrong; the WEC was the best ever. The materials it took you a month to prepare in advance are amazing. Your insight into the difference between a sovereign debt crisis and how that produces deflation compared to the debasement deserves a Nobel Prize. My question is how did the people cope with the […]


Do Coins Reveal the Futility of our Times?

By admin / December 5, 2018

The study of coins, numismatics, has constantly expanded our knowledge of antiquity in recent decades through new discoveries which have proven so many old theories wrong and turned academics on their head when it comes to their theories. Without the consideration of the coins, many questions of ancient history would never be answered. Nevertheless, many […]

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