Back during the Great Depression, there were people who theorized that gold hoarding was preventing an economic recovery. There is always this same theory that people who save, hoarding their money, cause a lack of a recovery by suppressing demand. This theory has been around for a very long time. It assumes a recovery is […]
Lebanon has maintained a peg to the US dollar for about two decades and as all pegs go, this one is under pressure as the rise in the dollar imports deflation. The central bank has declared an economic emergency as it attempts to reassure people it will hold the peg. Lebanon is one of the […]
QUESTION: Dear Mr. Armstrong, Thank you for everything you do so well. My question to you is, “Do you agree that absolutely anything paid for using collected/extorted tax dollars is socialism?” Thanks in advance. Dave ANSWER: No. Building roads, schools, and infrastructure is not socialism. You cross that line when you engage in class warfare. […]
It has become obvious that the mainstream press is FAKE NEWS. They are indeed out to get Trump and are using their position to desperately try to support the bureaucracy. The Washington Post has run a story stating Trump is wrong about the strength of the US economy. They claim his own advisors are warning […]
QUESTION: Hello Mr Armstrong. I read your blog daily, and i can t say thank you enough. on interest rate, you say market rallied when they got the rumors of roosevelt devaluating the dollar creating a currency inflation. am i wrong when i understand they feared losing money so they bought tangible assets? best regards […]
QUESTION: Mr Armstrong, In this morning’s blog you stated that the Dems are trying to take control of the power in Chicago, which I assume is the plan for everywhere eventually. My question is; In your opinion is the fact they are being so blatant in their attack on our freedoms indicate that they are […]
QUESTION: What is the difference between asset inflation and hyperinflation? I believe you are saying that from Jan 2020 we will see inflation which I understand to be asset inflation? Thanks FL ANSWER: Asset inflation is typically a reflection of a decline in the value of the currency, but this can be 50% over the […]
The world is in a complete midlife crisis or some may say an end of life crisis. I am overseas as the world is simply going nuts. At times, I feel more like a shrink having to reassure people that it will all be OK. Both Europe and Asia are having a very bad string […]
QUESTION: Marty, Whenever you refer to California Dreaming, my blog post from a few years back, I cannot help but smile. Thank you for your chart on the California economy. Does this represent most states? Does this represent the state of the U.S. economy? What states are actually growing? Yes, I agree with you that […]
There is a very Dark Cloud hovering over the world economy and at the center of this cloud lies not just Europe, but Germany – the strongest economy holding up all of Europe. The German manufacturing sector is in freefall. Trump will be blamed calling this the result of his Trade War. It is probably […]
