There is little doubt that Spain was once the Financial Capital of the West. Their discovery of America produced mountains of gold and silver to the point that they really impacted the European economy creating significant waves of inflation. However, there was the War of the Spanish Succession (1701–1714) which was why the famous Spanish […]
Former White House aide Omarosa Manigault Newman said that she and others used #TFA in text messages, a reference to the 25th Amendment, when President Donald Trump did something “insane” or “so crazy.” In all honesty, she never before mentioned the 25th Amendment until the Op_Ed. She is an endless promoter and certainly, after this escapade, […]
QUESTION: Mr. Armstrong, I think I am starting to understand your view of inflation. It is very complex. I think some people cannot think beyond a simple one dimension concept as you often say. So I am trying to be more dynamic in my thinking process. Here you point out that when debt is collateral […]
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There were more than 100 gold Roman coins discovered in a buried hoard in the Cressoni theatre in Como, north of Milan. What I have examined from the photographs supplied to me, is that this is a hoard from the virtual fall of Rome. The coins I identified were from the Puppet Emperor of Ricimer, a Germanic general who […]
QUESTION: I noticed your chart on the third party activity. Do you find that it does not matter what data series you are looking at the patterns are always the same? Thank you for your brilliant education WH ANSWER: That is an absolutely correct statement. What you are looking at be it politics or markets, […]
QUESTION: Hello Martin … I follow emerging markets closely and one thing I note is that the size of the sovereign forex-denominated debt burdens are quite small relative to GDP except in the case of Argentina (48%). Everybody else, including Turkey and Indonesia) is 11% or less. How can you have a debt crisis if […]
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Many questions have come in about connecting the dots. I want to explain a critical point. Both Democrats & Republicans have one thing in common. They do not consider us “We the People” but rather “We the Subjects” which is a significant difference for we are also the Great Unwashed. Both John McCain & John […]
No conclusion, as the US/China trade talks finish, a new PM in Australia, unchanged +0.7% release for Japanese inflation and a rally in oil and gold as the USD turned. All this ahead of Jerome Powell’s Jackson Hole speech and still no volatility. This all goes to show that traditional summer months are difficult to […]
