Inflation over time raises the cost of raw metal and we see that such coins vanish from the money supply. Britain is the latest in line to eliminate the 1 & 2 pence coins. They are costing more to produce than they are worth. I have written about the monetary reform Act of 1857 when […]
Well, Julius Caesar was not assassinated precisely on Pi, it was the Ides of March – the 15th. Yet this is the man who unified Europe. They named July after him, Caesarian birth how he was born, and the Island of Jersey in the Channel Islands after which the State of New Jersey was named […]
QUESTION: I just returned from Venice and I was told that they stole the bones of St Mark from Egypt and built a church there for them. The four horses on the Church they stole from Constantinople. It seems a bit strange that they would go take relics from somewhere else. Do you have any […]
QUESTION: Mr. Armstrong, I found in my grandmother’s belongings a penny from 1855 and one from 1857 which was much smaller and silver in appearance. Was there also a monetary reform that changed the coinage during the 1850s? PK ANSWER: Oh yes. But it is far more interesting than meets the eye. Foreign coins were […]
Indeed, science was turned on its head after a discovery in 1772 near Vilui, Siberia, of an intact frozen woolly rhinoceros, which was followed by the more famous discovery of a frozen mammoth in 1787. You may be shocked, but these discoveries of frozen animals with grass still in their stomachs set in motion these […]
The British Government forecasters have issued the first red snow warning in five years as the UK braces for potentially the worst blizzard in more than 50 years. Britain has seen as much snow as the Bizzard of 1962 and of course, they are blaming Global Warming. If it gets hot it is caused by man. […]
COMMENT: Mr. Armstrong, I read your piece on South Africa and you are the only person to explain that the hyperinflation in Zimbabwe took place after they stole all the land from the white farmers. You really turn over every stone in your research. My hat is off to you sir. MH ANSWER: Well I […]
Mainland China market stood out again today but only because it did not fall as much as other core indices. Shanghai saw its days low just after the opening bell and even looked to trade positive at one stage just ahead of lunch. However, ahead of Italian elections, BREXIT discussions and President Trump’s tariff announcement […]
Canada is the largest exporter of steel to the United States. The decline in the Canadian dollar has helped this trend in particular. Trump is clueless when it comes to the impact of currency on foreign trade. If he wants to do tariffs, they MUST be indexed to the currency. Failure to do that will […]
China appeared as the only bright spot in Asian markets this morning with Shanghai closing up +0.45% and the Hang Seng marginally better at +0.65%. Both indices toyed between both sides until the final hour then recovered at the close. Much of todays talk centred around the deleveraging that President Xi appears to be pushing […]
