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 […]
While we now have people chanting to impeach Trump under the 25th Amendment, we also have a true Treasonous Constitutional Crisis of UNELECTED bureaucrats working to undermine an ELECTED official by the people. Regardless of the issue in play, which they refuse to describe as in the OP_ED, this is a major Constitutional Crisis […]
QUESTION: Hi Marty, The Venezuela vertical market chart you showed in your 9/7 post is quite interesting. To see historic examples is one thing, to see it happen in real-time, quite another. The question I have is this – How can one profit from such a move if the local currency is simultaneously plunging? Venezuela […]
Interesting that China markets remain heavy even whilst the Nikkei managed a bounce. Both Shanghai and the Hang Seng suffered over 1% losses today. Obviously, President Trump mentioning of an additional $267bn late last week didn’t help matters and that continues to nerve a broader audience again today. We continue to see money leaving the […]
QUESTION: With Bob Woodward joining the plot to overthrow Trump, do you think he can survive? KA ANSWER: No. Woodward says he recorded all his interviews. I do not see him as just making this up with a personal opinion. That does not say what he has been told is true. It is unlikely that […]
I really do not think people realize that they are just extras in a political film which is an endless struggle for freedom. There is a book written by Oriana Fallaci which began as an interview of Allesandro Panagoulis. Oriana was a journalist who was interviewing fourteen contemporary political leaders, which included Henry Kissinger, Meir, […]
The report of a reader saying it snowed in Rome was an incorrect translation. It was Hailstones. The same thing took place in Calgary. Although strange, they are not unknown even in summer. Hailstones are large, layered ice particles, often spherical in shape. They are produced by thunderstorms having strong, tilted updrafts. Hailstorms form within an unusually unstable air mass. In the […]
The Swedish election has shifted to the right thanks to the Refugee Crisis. The Social Democrats came in with the worst result in decades and the right-wing populists have risen to their best results since their inception. Although the Social Democrats escaped a complete disaster in the parliamentary elections, they have lost a lot to the right-wing populists. The […]
COMMENT: Marty; Did you know that your site is listed in the top 20 economic sites in the world? You are in the top 20 with Wall Street Journal, Bloomberg, London FT, and even Brookings Ben Bernanke’s Blog. The rest of the list includes the Economic Policy Institute, Economics & Statistics Administration, and The Berkeley Blog Business & […]
This theory of Global Warming and the oceans will rise and places like New York City and Miami will sink beneath the waves is just so childish it is beyond contemplation that anyone coming up with such a theory would ever understand a complex system. They must have cut class during Physics probably because it was […]
