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America's Economic History

The Monetary Reform of 1857 Ends Legal Tender Foreign Coins

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...

Joseph Napoleon Bonaparte & His Exile in New Jersey

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...

Getting the Facts Straight – Are they Just Oblivious to our History?

QUESTION: Mr. Armstrong, I was reading one analyst who claims we need a new dollar. He said that in 1832 Gold coins were produced at a face value of $20 each, and...

When Sovereign Defaults Create a Depression

The 1840 Presidential Election took place in the midst of a great depression that was set in motion by State Sovereign Defaults after Andrew Jackson shut down the...

California files Petition to Secede from USA – CALEXIT

A proposal for California to secede from the United States was actually submitted to the Secretary of State’s Office this week. The proposed “CALEXIT”...

Currency v Language

QUESTION: Do language and currencies move in line with each other? Is language a leading indicator to currency i.e. Spanish in California. Will they create their...

The Real Crisis Trump Will Face With Trade

The entire problem with trade and jobs has been its focus on only the job and not the consumer. David Ricardo developed his principle that nations should pursue...

Can Rates Rise with Deflation?

QUESTION: Hi Marty, How does the model’s call for deflation (earlier blog posts) fit in with the likely major cycle low in interest rates (per your recent...

The Relocation of the Financial Capitol of the United States

QUESTION:  Hi Marty, I have a question for you on the movement of the financial capital. Is there a reason it moved to NY (as apposed to VA, MA, or MD) in 1914?...

Socialism Has Destroyed the Social Structure

  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...