COMMENT: Armstrong, I have to admit that you are right and I was wrong on fractional reserve banking. Due to the ongoing conflict in what I wanted to believe and what you said would be true, I researched myself. Although I am an accountant I adopted the claims that banks can create money out of […]

The Greek proposals included higher taxes, welfare charges, and steps to curtail early retirement. This is simply more deflationary pressure that will crack Greece apart. However, Prime Minister Alexis Tsipras is not prepared to cut nominal pension or wage cuts first sought by lenders, which would more likely than not spark revolution. Tsipras, who was elected in January […]

The summit held Monday of the new superheroes, known as the Euro-Rescuers, are lost in the canyons of their own minds for they do not comprehend how the economy functions in the least. They just cannot see the problem for they lack a mirror and will never question themselves as a problem. Consequently, the same line of thinking […]

The whole idea of a one world government that began in Europe with the Treaty of Rome was based upon the idea inside Europe that a single government would end war. They never considered that there are two sides to that coin ­– international war and internal war – that we call revolution. As Thomas […]

This is socialism collapsing. Hundreds of thousands of people have joined together to protest anti-austerity. So many people attended that the police refuse to number the crowd fearing it was just too many. We are at a crossroads. We have people who live in their little bubbles like Rogoff and Buiter who tell government they need […]

QUESTION: Martin, Just one question – How do you understand things so well? I understand people who have lived in the real world – been there, done that! sorts, but to be able to have a worthwhile opinion on almost everything under the sun is something pretty unbelievable. WHO ARE YOU? Thanks for all the […]

COMMENT: Hi Martin, Long time follower. I just bought a house in TN and I had the experience of proving where the money from a Vanguard account transferred into my checking account came from. The lender would not accept the Vanguard or bank account statements. I had to go to the bank and actually get […]

John Boehner, Mr. Ultimate Establishment Republican, is desperately trying to secure the passage of Trade Promotion Authority (TPA) for Obama, which would give him fast-track authority to secure congressional approval of at least three secretive trade deals without the public having a right to know what the hell is going on. Why is Boehner so willing […]

Kevin Barrett of Bailey Glasser LLP, a lawyer who argued to jail real estate developer Tim Blixseth in federal bankruptcy court, is now asking to extend the April civil contempt order against Blixseth to include his wife, son, and various corporate entities. He argues that those parties received money from the sale of a Mexico resort, according to Barrett, […]

Private money has ALWAYS emerged during periods of crisis. The Feuchtwanger Cent was a “German silver” private token coin. German silver is a term for a white appearing metal we use today which is a copper alloy with nickel and often zinc. The usual formulation is 60% copper, 20% nickel, and 20% zinc giving the impression of […]