Thomas Piketty, the French economist from communism’s birthplace, is back and this time he wants to drive a stake through the heart of capitalism, end human rights, and deny equal protection of the law in the true spirit of Marxism. Now in his latest treatise, “Capital and Ideology,’’ he argues that governments should fix the […]
I have said this many times, when it comes to understanding interest rates Trump is speaking the standard mantra that people apply when it comes to interest rates. Trump is a borrower, not a lender. His bankruptcies were the result of the business cycle and he leverages himself to the hilt so when the recession […]
QUESTION: Marty, Sometime you compare today’s financial markets and economy to what was going on in the mid to late 1920s . Woodrow Wilson is even referenced concerning the flight of capital and of course that flight came to the United States. You also say that the global markets and economy are unlike anything in […]
QUESTION: Hi Martin I recently stumped upon a documentary on Netflix about you and your model. I then went on and watched some YouTube videos. To me it makes totally sense that taxation does not work, but how can we change it. Do we need to become politicians? We have a very high tax in […]
Margaret Thatcher on the ERM Crisis & why even the euro will fail.
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 […]
