QUESTION: Mr. Armstrong, I was reading one analyst who claims we need a new dollar. He said that in 1832 Gold coins were produced at a face value of $20 each, and the one ounce Silver coins retained their $1 valuation and were issued in 1792. He concluded: “In summary. A Silver coin standard in 1792. […]
QUESTION: I understand that when people lose confidence in government that equities, precious metals and real estate will rise in value. Looking at real estate, will vacation rental properties also rise in value? RM ANSWER: Generally speaking, vacation properties will not fair as well as basic properties in a reset only because people contract in their […]
After two days of national holidays, the main Shanghai index opened with strong buying demand with many anticipating positive comments when President Xi Jinping meets President Trump in Florida on Thursday. The Hang Seng also closed positive (+0.6%) but nowhere near the +1.5% seen for Shanghai. In Japan, the Nikkei recorded a higher close but […]
France holds its first round of voting on the 23rd of April, 2017. Unless one candidate wins more than 50% of the vote, the two leading contenders will go to a second round on May 7th. The French Debate took place and of course Emmanuel Macron is who the press is cheering as the victor. We […]
QUESTION: Mr. Armstrong, on the one hand you are pessimistic, but on the other you are very optimistic. Many of these analysts just say everything is going to hell from currency to stock markets. Do we survive? Which camp are you really in? BK ANSWER: You do not change unless you have no choice. Only […]
In 1935, Roosevelt introduced “The Social Security Act” which passed Congress. However, the act was described “Old Age, Survivors, and Disability Insurance.” At first, the Act covered only industry and commerce. It was later extended to include farm operators in 1955. The SS tax was to be at the rate of 3% of income up to […]
COMMENT: I believe you are wrong about the meaning of natural born citizen in you blog Does it Matter If You Are Born Outside USA to be President? You are a natural born citizen only if BOTH parents are citizens. REPLY: The site you refer to notes the definition which comes from Emer de Vattel (1714 […]
Core Asian markets seemed to be dragged lower by the weight of the Nikkei today as Yen buying returned. Always difficult to gauge sentiment when half the core markets are closed (Shanghai, Hang Seng, India). so many focused on the RBA rhetoric and watched currencies more than equity indices. The yen again attempted to breach […]
QUESTION: You once said you could fix the mess in 30 days or less but they would assassinate you. How can you ever make our politicians responsible? My second question is, why are the really smart people not running government? KW ANSWER: The term limits are mandatory, but you have to cut off the incentive […]
