QUESTION: Mr. Armstrong, I’m sure you do not remember me. I worked on Capital Hill when you were shuffling around the halls pitching to reform the debt and social security. This interview was too short, and you did not get to explain the full scope of what you were doing. I think you should also […]
People are writing to ask if Trump is adopting our solution since he talked about eliminating the income tax, which I was proposing during the ’90s. There is no longer a need for income taxes at the federal level because money is no longer tangible. Taxes were necessary when money was gold and silver […]
The United States Treasury reported a $1.833 trillion budget deficit for the fiscal year ending September 30. This marks the third-highest deficit on record, but it is solely due to government spending. The highest deficit happened in 2020 during the disaster of COVID, and second behind is the clean-up year of 2021 when the deficit […]
The Biden Administration, under the Neocons’ control, has sent Ukraine $24.4 billion. The Ukrainian population is about 28 million, minus all the ethnic Russians in the Donbas, which would be about 42 million combined. That means the Biden Administration has sent the equivalent of $871 per person, but it does not go to the people. […]
COMMENT: I attended the Rescue the Republic gathering and was very disappointed. Peterson merely identified the NeoMarxist agenda, but nobody seemed to have any honest solution. It is clear they do not understand history, human society, and the outcome. Your comments about the Civil War being economic to the South and religious to the North […]
COMMENT: Marty, it is amazing that the world is not focusing on your model. Consumer confidence in the US took a nose dive, which was the largest decline in more than three years. The ECM turns, and central backs began to cut rates within weeks, and you explained that recessions are born when people lose […]
QUESTION: Do you agree that Trump supported the digital ID to control the border? OB ANSWER: I do not know your source, but it sounds like someone who just attributes whatever idea takes place during a presidential term to whoever is president. Perhaps that is one way to do research, but it tends to reflect […]
The latest Supplemental Poverty Measure (SPM) found that at 12.9% of American households currently rely on government assistance, up from 12.4% one year prior. The figure was at 11.8% in 2019 and has risen every year under Biden-Harris. The data only factors in US households and not the tens of millions of illegal aliens who […]
https://www.armstrongeconomics.com/wp-content/uploads/2016/02/Summers-Economy-Not-Predictable.mp4 COMMENT: Mr. Armstrong, I find it incorrigible that everyone now claims recession when they have never predicted a recession before. That was clear from the video you had of Larry Summers, who admitted nobody could do that. It is very strange how you are the only person who has ever forecast recessions and […]
The Bureau of Labor and Statistics released its report for July, indicating a slight uptick in employment. It is difficult to trust BLS data after their latest data revision that showed the Biden-Harris Administration have failed to create new jobs outside of the public sector. It was their steepest revision to data since 2009, yet […]
