Macrone just signed a law where Italian will no longer be taught in France. The idea that Europe is one big happy family is so far from reality that this is part of the backdrop behind the bearishness of the euro. The old resentments remain. There has always been a strong resentment between the Italians […]
QUESTION: How were ancient coins placed into circulation? DR JB ANSWER: That is actually a very interesting question. As the legend goes, the Gauls (French) attempted to invade the city of Rome quietly, but had frightened the sacred flock of geese that made a lot of noise. This alerted the Romans to the surprise attack giving […]
24,26,367,391.603394 This year’s World Economic Conference was most interesting. We really had to put our thinking caps on because we have entered the Great Unknown where Keynesian Economics has crumbled to dust. We have to reassess the future and how this will unfold as the central banks are beside themselves in many countries and the […]
The Rome 2019 World Economic Conference was a lot of fun. We have a very diverse crowd from around the world including central bankers, hedge funds, pension funds, and private investors. Nigel Farage was great and he calls our conferences the “alternative to Davos,” which inspired applause from attendees.
QUESTION: Mr. Armstrong; You seem to have studied history more than any professor I ever met. So I am directing this question to you. Did Rome have their Trump who tried to drain the swamp? Or was everyone just immersed in the swamp? LR ANSWER: History repeats because human nature never changes no matter how […]
QUESTION: You always mention how there were defaults and suspension of debt during the Great Depression by states and municipals. Was this also true in Canada? JRT ANSWER: Oh, yes. Whenever commodities have collapsed, Alberta finds itself in trouble. Central banks look to the national market and not to the regional sectors.
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Chicago is now even colder that Antarctica with wind-chill factors at 70 below zero. What really astonishes me is that nature is never responsible for anything. Somehow, we are always to blame. This attitude seems to be exceptionally arrogant for we are more powerful than nature and to presume so we must assume that […]
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