QUESTION: Martin, if Europe and Japan have destroyed their bond markets, would it be a good idea for them to get the government out of the bond market and have short term rates be floating in the free market? The free market would probably help since they don’t know how to move rates correctly. RG ANSWER: […]
The term “iliad” in Greek mean a series of miseries or disastrous events and “Odyssey” meant a long wandering or voyage usually marked by many changes of fortune. Welcome to the Economic Iliad & Odyssey. What we are facing is truly extraordinary. There is absolutely NO economic theory from Adam Smith to Keynes that ever addressed negative […]
There have been studies on the riskiest jobs where stress causes higher rates of suicides. The medical profession seems to be at the top of the list, which now amounts to some 11 million people. However, there is also a growing list of students committing suicides over student loans, which is the number one debt […]
QUESTION: Mr. Armstrong; It seems few people even understand that there have been two-tier monetary systems. Do you think this can be a possible tool in the currency crisis you are forecasting for 2021? Thank you; Looking forward to Rome and meeting Mr, Farage as well PC ANSWER: Various countries used to mint trade dollars […]
QUESTION: Dear Mr. Armstrong, I have a question that might interest not just me but also other blog Readers: In your blog Posts you write that you expect that we will have a hard landing going into 2020. My question is: What does that mean for the Dow? Do you expect the dow to correct into […]
QUESTION: Mr. Armstrong; you were friends with Milton Friedman. Do you agree with his view that the Great Depression was caused in part by the Fed refusing to expand the money supply? Isn’t Quantitative Easing expanding the money supply yet it too has failed to create inflation. Would you comment on this paradox? Thank you […]
QUESTION: Mr. Armstrong; First I want to thank you for coming to Europe this year. It has been some time since your Berlin Conference. My question is simple. How can the ECB tell countries to reduce their debt when as you say nobody ever pays off the debt? Is this just fantasy or do they really […]
QUESTION: You mentioned that Rome had no national debt and no central bank. Exactly how did it function for 1,000 years? JY ANSWER: In addition to not having a national debt or a central bank, Rome had no police force or agency charged with enforcing the law. There were specific crimes against the state that would […]
QUESTION: Hi Mr Armstrong, Thank you for continuous education. I hope to get your view on cashless societies. There are worries that nations will move to cashless transactions in the near future. Do you think this will actually happen? My guess is it will be a failure and there will be “black” markets where transactions in […]
QUESTION: Hi Mr. Armstrong…Thanks for trying to settle our confusion re: Griffin’s “Creature” You make a distinction between Gov’t mandated debt & Fed helicopter money. But isn’t debt still just debt? Also, you seem to be saying the Federal Reserve is a necessary evil (maybe not even evil), & that central banks & fractional reserve banking […]
