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 […]
QUESTION: It seems that the Democratic Party is turning really socialist. The DNC Chair Tom Perez said the Socialist Ocasio-Cortez is the “future of our party” and it seems they just ignore the socialist path in places like France which you pointed out their stock market peaked back in 2000 and has not participated in the […]
In Switzerland, we get to see how people who are really clueless about how the economy works still manage to get outrageous referendums on the ballot. A radical plan to transform Switzerland’s financial landscape was rejected, thank God, which would have barred commercial banks from electronically creating money when they lend. These people have no idea what […]
QUESTION: Mr. Armstrong, the famous economist Paul Krugman says that debt is ok when we owe it to ourselves. He calls it “deficit scolding” as he wrote in the New York Times. Would you like to comment on this statement? GH ANSWER: Paul Krugman seems to lack any historical understanding of how nations rise and fall. […]
COMMENT: Sir, After reading your blog post about the 300% increase in the cost of healthcare for refugees, I wondered the cost in this country for illegal aliens. Healthcare. Education. Food stamps. Etc. I googled anywhere from 3.4 to 11 billion dollars from health care alone. I laughed out loud after reading the above. You […]
