Sue Peckitt, 65, poured a cup of coffee down the street drain and then threw the cup in a public garbage can. The police then gave her a ticket for 80 pounds. She appealed to have the unbelievable fine overturned and was told to pay up. The police told the press that her act of pouring the coffee down the […]
QUESTION: A helping hand is not socialism I get perturbed about the lack of distinction between socialism and where a helping hand of the kindly state ends. I refer with due respect to your blog on differences between capitalism and socialism. Marty, As you know in all families there are those children and some adults […]
The Police gave a man in Roseville, Michigan a $128 ticket for warming his car up in his driveway. Police Chief James Berlin refuses to admit the police are out of control saying you can’t leave vehicles running. The question legally is, since a driveway is private property, can the police give you a ticket for warming […]
QUESTION: I wonder if you might clear something up regarding the fabled corporate cash hoard parked overseas? Must this be held in non-USD form thus taking an FX risk,albeit presumably hedged? I gather any USD parked in a foreign bank is immediately transferred to a US bank, likely in NYC — would this be regarded as repatriation? I […]
QUESTION: Mr. Armstrong; What Modi has done here in India is far worse than what the press reports. I read your piece that this is part of a larger plan discussed at the G20 meetings. Is there any historical precedent for such actions that would provide some guidance for the future? R ANSWER: Since ancient times, […]
The rally in bitcoin has come out of China, which has accounted for 98% of bitcoin trading in the past six months. China is also home to about two-thirds of the world’s bitcoin mining power. The Phase Transition spike in bitcoin is very alarming, for it flies right in the face of government attempts to […]
QUESTION: Dear Marty, What could be the true intentions of Prime Minister Narendra Damodardas Modi in India cancelling the currency overnight. I have been suspecting some foul in his demonetisation move but cannot correctly understand why he did it? Counterfeit currency, Black money, prevent terrorism all his publicised motives have been shown false. If this move […]
COMMENT: Hi Martin – Police in Australia hit a new low last week charging people with DUI while floating on pool toys in Sydney Harbour claiming they are a “vessels”. Really appreciate all the work you do and you’ve got a big following down under! Keep it up Ben. Youtube title is: Australian Police […]
COMMENT: The 91 year old woman who had her $12,000 deposit declined in Kristanstad, Sweden, and the money confiscated by the State is a sad tale. Perhaps you might want to identify Kristanstad, as a town in Sweden, for those of us who do not readily identify Kristanstad, a town of 35,000 souls with Sweden. BTW […]
A 91 year old woman in Kristianstad tried to simply deposit her 108,000 SEK (approx. 12000 USD), which was her life savings. The bank refused to accept the notes, because the woman could not explain where they came from. The woman saved the first money in the drawer, because she did not trust banks. Then in a […]
