Many people worry about over-indebtedness and point to a default of borrowers. It is interesting how the view of debt is always the low-life borrower. In reality, the real stupidity rests with the lender. Many are pointing to US corporate debt and stating that it has grown to an estimated US $ 7 trillion and they […]
There are three distinct types of inflation – Demand, Asset & Currency. The major type of inflation that everyone assumes is DEMAND. This unfolds when there is actually an economic boom and people have confidence in the economy. Asset Inflation is when there is no real demand from the consumer but the asset values rise […]
A number of people have asked if I ever looked at Hyman Minsky’s concepts in forecasting the economy. Minsky’s Financial Instability Hypothesis failed not because of the fact that he attempted to interject cycles and even listened to Schumpeter, the problem was that he was an economist and not a trader. His own attempts to devise a […]
QUESTION: Mr. Armstrong; Do you have any comment on the latest excuse for the decline in gold is because Trump is forcing it down so he can buy it up and move to gold-backed bonds like Nevada? This is the latest coming from the fringe which just seems so unrealistic any more. I am not […]
COMMENT: Your article about the IRS invalidating your passport is correct….and more. I was working contract for our US DOS as an advisor a few years back in Colombia (2006-2009). My best friend and work with was summoned to the Bogata Embassy and his passport was confiscated, employment terminated and he was given a US […]
How bad did it get in some segments of the population during the Great Depression? Actually, during the Great Depression, women began reusing the fabric from flour sacks to make dresses. When the flour companies woke up and suddenly realized the purpose their flour bags were providing, they began to print their bags with various floral and other […]
COMMENT: Dear Mr. Armstrong, The weather, politics, and life in general is getting a little more skewed month by month on the planet—and like everyone else in history who has experienced cyclical highs and lows, I sure wish I’d been able to skip this cycle altogether— I’m 64 and really trying to keep realistic and not […]
COMMENT: Mr. Armstrong; As you know, we rejected the proposal to eliminate banks from creating money by lending or the Sovereign Money Initiative. What you did not report is that the very same reasoning behind that movement has been used for the cryptocurrencies. In fact, they were using Bitcoin as proof that their idea […]
QUESTION: Were the Crusades inspired by economics? You mentioned how Venice looted Constantinople. Thank you for making history interesting KR ANSWER: To understand the Crusades, we have to first look at what was the original justification. The Catholic Church encouraged pilgrimages from the 4th century, but they began really during the 1st-2nd century and built in […]
The question of money supply and inflation has been erroneously set in stone philosophically predominantly by the debasement of Spain and Britain during the period of Henry VIII. This was really a period where there were various countries and their currency completely relied on the exchange market in Amsterdam, which was based entirely upon their metal […]
