Everyone knows I became friends with Milton Friedman. Back in 1970, Milton exposed how Stakeholder Economics was inefficient and stupid long before Schwab claimed he invented it. Milton stated that such a role was that of government, not corporations, whose #1 fiduciary obligation was to its shareholders. Under Schwab, I could say, “OK, I will […]
https://www.armstrongeconomics.com/wp-content/uploads/2021/08/Schwab-Camara-Stakeholder.mp4 BlackRock finally admitted that their ESG policies in the name of shareholder capitalism have been bad for business. “BlackRock’s business, scale and investments subject it to significant media coverage and increasing attention from a broad range of stakeholders,” the company stated in it’s annual filing with the SEC. “This heightened scrutiny has resulted in […]
I revealed how Democrats planned the deliberate invasion of America to secure votes for socialistic policies. There is a second motive that is not largely understood, but it becomes apparent when you follow the money. In particular, follow the dollar. The dollar’s purchasing power is significantly less than it was a few short years ago. […]
A study by Truth in Accounting (TIA) revealed that 70% of America’s largest cities fell into a deficit in fiscal year 2022. Out of the 75 cities studied, 53 simply did not have the funds to pay their bills. The study found that the total debt among the 75 cities had reached $288 billion, and […]
Treasury Secretary Janet Yellen is proof that the establishment is completely clueless when it comes to the lives of the average citizen. “People are better off than they were pre-pandemic,” Yellen touted on national news last week. Perhaps she meant to say “politicians” rather than people, and no, one cannot point at rising US indexes […]
Lawmakers should be required by law to pass a financial literacy test before taking office. California has repeatedly raised the minimum wage as the cost of living continues to rise. They have not lowered the amount of taxes that the state will collect from these workers. California has the highest debt of any state in […]
The US government consistently lies on their jobs reports released by the Bureau of Labor Statistics (BLS). The agency initially cheered at the 3,140,000 new positions created in 2023, but later revised the figure down to 443,000. But wait, the BLS made another miscalculation in March to the tune of 306,000 jobs. This means that […]
One piece of analysis commonly misconstrued is the Federal Reserve’s role in the nation’s economic health. Even those who have the ability to piece together other variables that often go unnoticed commonly point their finger at the Federal Reserve. No one is factoring in the largest driver of inflation – WAR – nor are they […]
@cancelthisclothingco The everything bubble bout to burse. #followthemoney #economy #globaleconomy #corruption #stocks #stockmarket #theverythingbubble #everythingbubble #money #politics #cancelthisclothingcompany ♬ original sound – cancelthisclothingcompany This content creator has done a good job of explaining the sovereign debt crisis that I have been warning of for many years. I believe this analysis may help our retail clientele […]
Everyone wants to know what the Federal Reserve will do in 2024. Of course, people want to believe that the Fed will slash interest rates in the New Year. The pundits cling to every word except when, at the start of the month of December, Powell boldly criticized the Biden Administration, saying that his outrageous […]
