COMMENT: I have been following your blogs for the past two years and have attended the past two WECs. I read with interest your continued comments on CALPERS and its pension mismanagement. I’m an attorney advisor and a client disclosed a few months ago that they had purchased $1m in municipal debt on the recommendation […]
Inflation over time raises the cost of raw metal and we see that such coins vanish from the money supply. Britain is the latest in line to eliminate the 1 & 2 pence coins. They are costing more to produce than they are worth. I have written about the monetary reform Act of 1857 when […]
All of the core Asian markets suffered from US uncertainty today with closes mostly in the region of -0.5% lower on the day. Continued uncertainty surrounding the growing fears of a trade war is spooking markets everywhere. The Nikkei finished a four day rally with a -0.9% decline. There was not much volatility there […]
Well, Julius Caesar was not assassinated precisely on Pi, it was the Ides of March – the 15th. Yet this is the man who unified Europe. They named July after him, Caesarian birth how he was born, and the Island of Jersey in the Channel Islands after which the State of New Jersey was named […]
The Justice Department is suing the state of California for violating the Constitution by passing laws that shield illegal immigrants. Governor Jerry Brown is simply committing treason. It is interesting how he is sheltering illegal aliens which seems contrary to so many aspects even economically. I understand children that were brought here, grew up, and […]
QUESTION: I just returned from Venice and I was told that they stole the bones of St Mark from Egypt and built a church there for them. The four horses on the Church they stole from Constantinople. It seems a bit strange that they would go take relics from somewhere else. Do you have any […]
QUESTION: Today’s opinion section of the WSJ features an article on government’s intervention in AIG. The troublesome point concerns the possibility of a new precedent w.r.t. property rights in the USA, viz.: “…the government may unlawfully deprive shareholders of their ownership and control of a company as long as it does not formally seize their […]
A pretty mixed bag for Asia today with most core indices playing around unchanged for much of the day. The late weakness in the DOW obviously didn’t help confidence but then futures are bouncing back in Asian trading. The talk surrounding US tariffs still add a dampener on the Asian producers and that may be […]
The advancement in technology today certainly allows us to scrap the Republican form of government with pretend representation of the people by career politicians. There is no reason we cannot vote from home on every bill and that no bill may be merged with any other subject matter. There should be no sneaking spending for […]
QUESTION: Mr. Armstrong; Do you believe that if American companies do repatriate dollars to get the low tax rate in the USA, will this impact foreign banks as capital withdraws? I figured you are the best qualified to answer that question nobody seems to be discussing. Thank you for sharing your expertise. SY ANSWER: […]
