QUESTION: Hi Martin– The Christian Reformation of 1517 was the springboard for the development of western civilization. Most scholars focus on the theological aspects of the Protestants vs. the Catholics. But all have missed this key point: the economic impact of indulgences. I theorize that when indulgences ended, the masses had vast amounts of […]
The conservatives are going nuts about raising the debt ceiling as if this really matters. They claim: “The United States is effectively bankrupt, but that doesn’t matter to the GOP. Once evangelists of fiscal responsibility and scourges of deficit spending, Republicans today glory in spilling red ink. The national debt is now $20.6 trillion, greater than […]
QUESTION: I am most interested in your revisionist view of QTM. You debunk QTM frequently within broader topic discussions, but I’d love for you to address QTM by itself in a historical context. Perhaps starting with the Austrian darling, Henry Thornton, and his “An enquiry into the nature and effects of the paper credit of Great […]
The Trump was preparing for at least a weekend-long partial government shutdown Friday night, expressing little confidence that Congress could pass a bill by the midnight deadline to keep the government open. Trump canceled a scheduled trip to his Palm Beach resort on Friday as he met with the top Senate Democrat to try to […]
Culture is changing and much seems to be reverting back to the way it was before Socialism. Before the 1930s, there was typically a large age difference between couples. The boy had to become a man and then approach the father to ask for his daughter’s hand. He would have to demonstrate that he was […]
QUESTION: What is your opinion of Elon Musk and Mark Zuckerberg idea of universal income? ANSWER: The idea of free money being touted by Elon Musk and Mark Zuckerberg only demonstrates that they know nothing about humanity or economics. They see universal free money as a cushion for workers whose jobs might be replaced by automation or […]
Venezuela has the largest proven oil reserve in the world. However, they are out of gasoline. The government has attributed this to poor management which has led to the stoppage of 80% of the country’s refineries. So much for socialism. The assumption that government is competent of managing anything is proven by this very example. My old friend, […]
The first thing to go when a country is moving into economic crisis is the arts. This is intermixed with various social programs. As the economic crisis broadens, demand for taxing the rich rise. However, all this accomplishes is to cause capital to hide and hoard even more refusing to invest or spend and this […]
QUESTION: Mr. Armstrong; Up here in Canada, the politicians seem to not even talk about the NAFTA agreement being changed by Trump. Has something taken place behind the curtain that they are not even worried about that issue? CB ANSWER: While playing a front row seat during the 2016 Election in the States, the truth is […]
QUESTION: Why do you paint the left/Democrats as really being Marxist? OP ANSWER: Marx is the one that started the entire focus on the class warfare. Keep in mind that Marx began his position with socialism – not communism. It was the Commune Movement in Paris that persuaded Marx to adopt communism, which was the […]
