The winter Downunder has already been the coldest in 26 years. Temperatures plummeted on the East Coast at Marangaroo to a low of -11.1C. It is amazing that the amount of money on the table to justify global warming which is all about raising taxes for carbon emissions is placing us at a greater risk for […]
During the 1980s, I was called in to create a hedge for a bank against the Turkish lira which nobody made a market on. I had to create a synthetic hedge for the currency was moving into what became hyperinflation. The Turkish lira has begun to fall ever since Recep Tayyip Erdoğan became the 12th president of […]
QUESTION: Hi, I am not sure if I understand how it would work but obviously, this is highly hypothetical today. If the reserve currency is SDR, we still need debt denominated in SDR and a very large and deep market accessible by investors to park money there. If individual countries have their own currency and issue […]
QUESTION: Was it Herod Agrippa who ruled Jerusalem when Jesus was Crucified? Someone said his coins are common. ANSWER: No. It does get confusing. Herod Agrippa I (born 11BC; ruled 41 – 44 AD) after Jesus was crucified. Agrippa I was the last King of Judea with the royal title reigning over Judea. He was also the father of […]
QUESTION: Was the first Jewish revolt about taxes? I think you said it was previously. HJB ANSWER: Correct. While there were tensions over religion, what really began the crisis was taxation which was fueled also by the clash of dynasties in Judaea. The hatred of Roman taxation first emerged during the civil war between Octavian and Marc Antony and Cleopatra. To […]
QUESTION: Mr. Armstrong; You said that over 60% of graduates cannot find a job in what they have a degree. Is there any recommendation you would care to make on how to advise one’s children on what subject to pursue a degree? Thank you DF ANSWER: Engineering and Programming. I have NEVER met a CFO yet […]
QUESTION: Do you have any correlation illustrations between weather and your ECM? CG ANSWER: Yes. Here they are on a grand scale.
QUESTION: Martin, I have been reading about machine learning recently and have come across a concept that I believe you might have figured out that no one else has. To quote Max Welling “The information we receive from the world has two components to it: there is the part of the information which does not carry […]
COMMENT: Your article about the IRS invalidating your passport is correct….and more. I was working contract for our US DOS as an advisor a few years back in Colombia (2006-2009). My best friend and work with was summoned to the Bogata Embassy and his passport was confiscated, employment terminated and he was given a US […]
How bad did it get in some segments of the population during the Great Depression? Actually, during the Great Depression, women began reusing the fabric from flour sacks to make dresses. When the flour companies woke up and suddenly realized the purpose their flour bags were providing, they began to print their bags with various floral and other […]
