Floating cities in the sea are getting closer to reality at the Seasteading Institute. Futurists are already thinking about the founding of cities on the high seas. While the original argument was all about when population growth would make land so scarce we would have to move to the oceans, they never counted on cycles. The population […]
Currency, namely YEN, was the main talking point for the day as then yen approached 109 over Two big figures on the week. This obviously the currency move hit the Nikkei which closed down -0.7% all surrounding the on-going geopolitical concerns. Late in US trading news that the USA had dropped a large devise on […]
Sotheby’s auctioned a stunning 59.6 carat diamond known as the “Pink Star” which sold for $71.2 million in Hong Kong. This set a new world record for any diamond or jewel ever sold. This was an oval mixed-cut diamond which exceeded the previous records. The gemstone was sold at an even higher price at another Sotheby’s […]
QUESTION: Martin, how would stamps be involved in a cashless society? Could they be utilized as a paper currency at least domestically? Stamp books used in place of dollar bills. ANSWER: Historically postage stamps have served as money during the American Civil War. This was the Postage Currency. They needed metal for weapons so there was […]
COMMENT: Mr. Armstrong, I believe you may be the only person who has identified this trend in government others are just starting to see. Here in New Brunswick in Canada, they have raised everyone’s property taxes claiming you did some sort of improvement when you did not. This is just fraud. You are correct. This just […]
Asia traded heavy with the yen making new recent highs in the continued flight to quality/safety. Interesting we have seen such a tight trading range as we near almost half year lows and in rather thin volume. The blame continues to be placed at the feet of geopolitical tensions, France’s upcoming elections and the uncertainty […]
SAC Capital, formerly known as Sirius Asia Capital, in Singapore was founded in 2004. It began as a corporate finance firm specializing in IPOs and corporate advisory. There has been some confusion that a different SAC Capital Advisors was located in Stamford, Connecticut and New York City while its legal headquarters was incorporated offshore in Anguilla, […]
It may sound crazy that an old currency is still being hoarded 16 years after the introduction of the euro. However, the Germans still have been hoarding Deutsche Marks and coins worth some 6.5 billion euros. Why? Germany never put a time limit upon when you had to swap out the old currency. About a third […]
The dwindling credit of Turkey and significant decline in its currency, has led to the new clever idea of confiscating gold with a smile. The Turkish Central Bank has come up with an idea of how to confiscate private gold while pretending they are helping you earn more money. Their objective is to make […]
