@johnniemac_first4848Breaking: The City of Philadelphia is recommending that residents use bottled water for drinking or cooking after a chemical spill into the Delaware River in Bucks County on Friday night. “Contaminants have not been found in our system at this time,” city officials said, however, testing continues.♬ original sound – Phillyfirst48 America is deteriorating so […]
https://www.armstrongeconomics.com/wp-content/uploads/2023/03/Yellen-Doubt-on-Deposits.mp4 We have a serious problem here. Depositors in a bank are NOT risking their money as an investor in a hedge fund. They expect honesty and stability. If the bank is trading and doubles its money, it belongs to the shareholders – not the depositors. Likewise, a loss belongs to the shareholders and […]
QUESTION: Dear Martin Could you please describe more in detail what you are expecting when talking about the breakdown of the monetary system? Will there be differencies between countries like Germany and Switzerland for example? Especially regarding pension systems. I asume, there might be big differences by countries. Many thanks and best regards, RZ ANSWER: […]
QUESTION: Hi Marty, Just a little curious after reading your blog on ‘Can Anyone Really Influence Elections?’ , I was wondering if your model actually showed that India would get a majority mandate to the ruling dispensation a second time even though the Economy had been growing weaker over the last few years especially post […]
COMMENT: You were right Martin! Demonetization was one of the worst decisions by the Modi government, the country is now suffering from that…. economy has gone down, but the new govt will not admit it. They believe the Millenials are to blame! JPM (India) REPLY: After nearly 40 years of dealing with governments throughout the […]
https://www.armstrongeconomics.com/wp-content/uploads/2019/08/Bloom-UKIP-on-Banking.mp4 A number of people have asked me to comment on Bloom’s speech on the floor of the European Parliament. He is incorrect in attributing the insolvency of the European banks to fractional banking. They have blown themselves up because of derivative exposure, not actual lending. The US banks survived and have prospered BECAUSE […]
QUESTION: It seems that as we get closer to a change-over of economic systems that as a society we are more willing to give up our rights to the State. Is that part of a pattern during these types of events? Was it seen as Britain, Rome, and other countries lost power after their peaks? […]
The latest on Epstein is interesting, to say the least. Several bones in his neck were broken. One of the broken bones was the hyoid bone, located near his Adam’s apple. It is very rare for this to be broken when someone hangs himself. Other doctors comment that to see this bone broken it is […]
QUESTION: I read your articles on Capital flows regularly and I appreciate how you interlace different concepts together. Where is the money? European rulers essentially drained the Asia/Africa of their resources in the last 400-500 years. With all of it piped into Europe, it should have sustained the population for way more time than what […]
OK. New York City can’t pay its bills and politicians think chasing Amazon out of town because they wanted a $3 billion tax break actually saved $3 billion when that was predicated on them paying some taxes, has now moved to ban hot dogs to save the environment? Mayor Bill de Blasio approved a complete insane $14 […]
