St Petersburg Office

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Where to Draw the Line Between Charity & Socialism

QUESTION:  A helping hand is not socialism I get perturbed about the lack of distinction between socialism and where a helping hand of the kindly state ends. I refer with due respect to your blog on differences between capitalism and socialism. Marty, As you know in all families there are those children and some adults […]

Larry Summers – Who Admits He Cannot Forecast – Forecasts Trump

https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Summers-Economy-Not-Predictable.mp4 QUESTION: Marty; Did you see Larry Summer’s comments on Trump. Is this guy completely insane? He says Trump is proposing things off the planet. Wasn’t it Summers who came up with the negative interest rates and supported repealing Glass Steagal? ANSWER: Larry Summers is a classic example of how a PHD means absolutely nothing compared to real […]

2017 is Looking More Optimistic Than Ever

The only thing about international trade is that someone cannot have a trade surplus without another experiencing a trade deficit. We all cannot have trade surpluses simultaneously and we have to begin understanding this reality. The net capital movements around the world are showing clear signs that things will be intensifying and the net capital […]

Republican Tax Reform – What About the Deficit?

The Associated Press ran a story reporting: “Congressional Republicans are planning a massive overhaul of the nation’s tax system, a heavy political lift that could ultimately affect families at every income level and businesses of every size.” The interesting aspect is that the headline reads: GOP: Cut taxes, change brackets; but what about deficits There is zero discussion about […]

Happy Thanksgiving

Do Lower Interest Rates Promote Deflation?

QUESTION: Mr. Armstrong; You have said that the only way to reverse the deflation is to raise interest rates not lower them. I understand that the low rates only reduce the cost of funds for banks, but it hallows-out savings and pensions. Has anyone listened to you and tried the opposite trend to raise interest […]

Are We Still Suffering from 2007-2009 Crash or is There Something Else?

QUESTION: Mr. Armstrong; I have a very basic question. With all the trillions of dollars of stimulus in Europe, USA, and Japan, we are in the age of deflation as you have pointed out. The Federal Reserve itself predicts less than 2% economic growth so that is probably optimistic yet the best in the western […]

Launching Socrates – New Payment System

We are planning to launch Socrates hopefully with the WEC in November. Because of the constant problems with PayPal getting fined for various things from deceptive practices to allowing money to be transferred to people on sanction lists, the response back has been excessive scrutiny to the point of absurdity. PayPal is also not accepted […]

Failure is Part of Success

QUESTION: Marty; You said at the Berlin Conference that failure is not the opposite of success. It is part of success. I found this intriguing. Is this part of the training sessions for this year’s WEC? ANSWER: Yes. The way we learn is by making mistakes. If you claim to have never been wrong, then […]