QUESTION: What do you say about the difference between corporate socialism and democratic socialism. Thank you. Its all the buzz among those supporting Senator Elizabeth Warren. LP ANSWER: This is a very clever way of excusing the core issue. The Democrats preach raising taxes and then sell loopholes to the big corporations. The bankers donated […]
https://www.armstrongeconomics.com/wp-content/uploads/2019/08/Bloom-UKIP-on-Banking.mp4 A number of people have asked me to comment on Bloom’s speech on the floor of the European Parliament. He is incorrect in attributing the insolvency of the European banks to fractional banking. They have blown themselves up because of derivative exposure, not actual lending. The US banks survived and have prospered BECAUSE […]
QUESTION: Hi Martin, I’ve been a big fan of your blogs for all these years. May I ask if you have any recommendation of books or your previous blogs that can help us re-understand better the most important topic that impacts us and that is the understanding of the Cycles in our lives? Thanks and regards, […]
QUESTION: It seems that as we get closer to a change-over of economic systems that as a society we are more willing to give up our rights to the State. Is that part of a pattern during these types of events? Was it seen as Britain, Rome, and other countries lost power after their peaks? […]
Barack and Michelle Obama are buying a nearly $15 million mansion on Martha’s Vineyard. They had rented it out in August from the Celtics co-owner Wyc Grousbeck, who has been trying to sell it for the past 4 years. What is fascinating is how Democrats always demonize the “rich” and then when they leave office, […]
QUESTION: Dear Mr. Armstrong Isn’t the FBI a government agency? In this case, they are paid with “the people” tax money? Aren’t they supposed to be neutral, I mean, they should be “incorruptible”? They should not take a position for the left or the right. They should be there for “Justice”? Can you explain? Many […]
The environmentalists are working hard behind the curtain to eliminate fossil fuels by nationalizing private utilities. The Democratic Socialists on the Chicago City Council want to “municipalize” ComEd, which has a franchise agreement to deliver power that is due to be renewed. That agreement permits ComEd to operate in the city and went into effect […]
Malaysia filed criminal charges on Friday against 17 current and former directors at subsidiaries of Goldman Sachs Group Inc (GS.N) following an investigation into a multi-billion-dollar corruption scandal that led to the demise of state fund 1MDB. Those charged include Richard Gnodde, chief executive of Goldman Sachs International, Michael Evans, president of Alibaba Group Holding Ltd […]
When the GAO report came out on the Quantitative Easing by the Federal Reserve, it uncovered a secret $16 trillion feeding tube from the Fed structured as revolving, low-cost loans to any bank (foreign or domestic) teetering on the edge. Amazingly, the audit showed the Fed started the loans in December 2007 – long before […]
