All posts in " Europe’s Economic History "
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Legarde & Green Bonds

By admin / December 2, 2019

  QUESTION: Marty; Why is Legarde pitching Euro Green Bonds when they lose money? JL ANSWER: If she can use the climate change nonsense to shame Germany into agreeing to issue Eurobonds, it would be a step to eliminate the refusal to issue a single European debt. If Legarde can sell that issue, then it […]

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Happy Easter – But Why Do We Call it Easter

By admin / April 21, 2019

Easter is historically the most confusing holiday. Besides the calculation being complex, the traditions are also a blend of various different cultures. I have written how New Year’s Eve is really a Roman tradition celebrating the god Janus who was pictured with two faces one looking back and the other to the future. Christmas is […]

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The Treasure Fleet that Sunk & Set in Motion the Decline of Spain

By admin / September 20, 2018

There is little doubt that Spain was once the Financial Capital of the West. Their discovery of America produced mountains of gold and silver to the point that they really impacted the European economy creating significant waves of inflation. However, there was the War of the Spanish Succession (1701–1714) which was why the famous Spanish […]

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Portugal

By admin / June 20, 2018

QUESTION: Can you shed any light on the history of money in Portugal. There seems to be scant discussion of this subject. Thank you ANSWER: The first coinage of Portugal really is Roman and it appears to be struck by the first Roman Emperor Octavian/Augustus (27BC-14AD). The location of the mint was the city of Évora. […]

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France Embracing Austerity?

By admin / April 4, 2018

The old-school ideas of economic theory will ensure that Socialism collapses and very hard at that. The German influence upon Europe has infected the mindset of most northern Europeans. French President Emmanuel Macron has come out an made public debt one of the key points of his policy. Macron is supporting austerity and thus the EU’s guidelines. The French […]

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Cars Sales Dropping as Taxes Rise

By admin / October 26, 2017

The demand for cars has been declining rapidly in Britain and that is impacting German car sales rather sharply. All price levels in cars have been declining, not just the high end. The sales figures for small cars and the medium class have already declined significantly in the last few months. Now the losses are […]

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Joseph Napoleon Bonaparte & His Exile in New Jersey

By admin / October 11, 2017

QUESTION: Years ago, while visiting Salamanca, Spain, I was told that Napoleon’s brother abandoned his rule over Spain and made off with a large cache of gold. I know that he fled Spain to New Jersey. Is there any truth to this gold story? If so, what economic impact did he and the gold have in […]

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Taxes & Disasters – Always Repeat

By admin / June 5, 2017

QUESTION: Mr. Armstrong; You wrote that the 1906 San Francisco earthquake resulted in the Panic of 1907 and laid the foundation for creating the Federal Reserve. I was also told that the Kobe earthquake in Japan is what resulted in the Barclay’s loss. Is this why you also input natural disasters into your model? Has […]

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Socialism Has Destroyed the Social Structure

By admin / September 2, 2016

  Once upon a time, couples would have three to five children for that was their retirement. Family was everything. Then came Marx who effectively replaced the family with politicians. The family structure has declined steadily since the introduction of socialism. Children no longer save to take care of their parents for that is government’s […]

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The USA is in its Death Throes

By admin / August 4, 2016

Obama is reviewing the ban on military weapons for police forces after multiple instances of deliberate attacks on police officers. Instead of prosecuting the bad police officers, they are preparing to dig their heels in and arm the police to escalate the confrontation between the people and the police. This, unfortunately, is also how Rome ended. […]

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