Copyright March 21, 2013 all rights reserved By Martin Armstrong The Cyprus event is the key to geopolitical survival of Europe. There is a substantial difference between Russia and China. Russia lost territory and as such needs to reestablish its “empire” that it sees as territory not economic power as does China. That means that […]

One of the most critical aspects of why it is so important to understand history is because it is both a catalogue of solutions as well as potential threats. At the Sovereign Debt Crisis Conference today we discussed FORCED LOANS. Both the cities of Venice and Florence issued laws FORCING citizens to buy their bonds. This […]

Question: What about central banks manipulating gold? Answer: The incentive of government to “suppress” gold is far more realistic than private trading banks that simply look to make a quick buck. Government can try to maintain an image. Paul Volcker when he became Fed Chairman was faced with gold going to $875 into January 21st, […]

Question: I understand that inflation is really the reduction in purchasing power of the $. Can you expand on your statement “Our computer is bullish long-term because gold will play catch up as all commodities tend to do. It will blast off like a rocket ONLY when everything is set.” Specifically, “when everything is SET”.  What does […]

http://www.reuters.com/article/2013/03/07/us-japan-economy-nishimura-idUSBRE9260AX20130307 The deputy governor of the Bank of Japan admitted that if yields rise 1 percentage point and they will lose 2.3 trillion yen. This is just the tip of the iceberg. We face a tremendous nightmare. Interest rates have been brought down artificially so low to bailout the bankers, that they have really screwed […]

The Libor Fixing Scandal of interest rates has shown precisely what I wrote about in Behind The curtain. I have personally witnessed the trading mentality of the commodities trader from the ’70s consume Wall Street when it began with the PhiBro takeover of the bond trading house Solomon Brothers – the mentor of so much […]

The Gold backwardation has been distorted as all sorts of reasons for everything. Normally, this is the market condition wherein the price of a forward or futures contract is trading below the expected spot price at contract maturity. Consequently, the resulting futures or forward curve is “inverted” whereby it is negative because gold is trading […]

The Dow Jones Industrials has rallied in the face of incredible skepticism with a litany of reasons why it shouldn’t be happening, that are of course all domestic oriented. This is fantastic for it shows the market is NOT historically at a high. Bubbles come when the vast majority claim the rally will never end. What is […]

Europe can look to the United States for its history lesson when you have a Sovereign Debt Crisis that is an epidemic among member states. The United States emerging market Sovereign State Debt Crisis of the 1839-1844 period was a serious economic event that destroyed the credit standing of ALL states and the Federal Government. This […]

I have explained the Golden Rule of Corrections. Once you extend in anything beyond a time unit of 3, you are then in a change in trend. The Greek recession, and most of the Western World, began in 2007. We began with the Greek Debt Crisis precisely to the day on the Pi Target from […]