QUESTION: Hello Martin, I understand and agree to what you are saying in your post however I cannot understand what you mean when you say that: “Secondly, leaving all individual member states with past debt yet converted that to euro, then resulted in their debts doubling in international value as the euro doubled going into 2008.” […]
QUESTION: Hello Martin, I understand and agree to what you are saying in your post however I cannot understand what you mean when you say that: “Secondly, leaving all individual member states with past debt yet converted that to euro, then resulted in their debts doubling in international value as the euro doubled going into […]
Economic events have the most interesting way of exposing economic theories and orthodoxies and how seriously flawed they truly are these days. The fixed-exchange rate system and the Gold Standard imposed by Bretton Woods collapsed simply because they never fixed the supply of dollars, yet gold and other currencies were fixed to dollars. Only an […]
The Scottish government wants a second referendum on independence from the UK. The Parliament in Edinburgh will decide as soon as next week, as the Scottish Prime Minister Nicola Sturgeon said. The referendum could take place between autumn 2018 and spring 2019. Of course, this would really be a brain-dead action if Scotland believes it should remain […]
We are preparing to relaunch Socrates. We are moving the site between servers. This is step one in a major project to set up three servers around the world which will each update in local time. We are also integrating international payments systems worldwide. We hop[e to have the site back up and functional ASAP.
An impressive performance on Monday for US core indices as they recovered into the close that lead to a bounce for Asia and the return of Yen weakness. With healthy gains being made from Financials and Basic Resources the Nikkei made an impressive 1.1% clawing back much of Mondays losses. With the rally so came […]
Civil Unrest is rising around the world. In the USA, demonstrations have been organized to support Donald Trump in a counter-demonstration move against the Obama/Soros uprising. In Los Angeles, Trump supporters were confronted by opponents of Trump and the two groups ended in violence. The Obama/Soros supporters were partially traditionally masked. The Trump supporters were trying […]
The long list of reasons Maxine Waters says Trump should be impeached simply reflect why she is totally incapable of being anyone’s representative in Congress. She said that Putin supplied the bombs for Aleppo that killed children. First of all, that took place under Obama before the election, and it is plainly documented that it […]
The European Central Bank (ECB) is coming under fresh pressure to increase interest rates, not merely from the standpoint that the Federal Reserve has been doing since the turn in our Economic Confidence Model 2015.75, when the first-rate hike took place in December 2015. While there was little immediate reaction to the Fed’s decision to […]
Private Blog – Gold Update for the First Quarter Closing
