COMMENT: Marty, I just got back from Madrid. I looked around for a place that sold gold. I could not find one. This is indeed very curious. Cheers LW REPLY: There is a growing trend to regulate gold coin sales to the public. In France, you cannot pay in cash; everything must be reported. The […]

Not all debt has the same economic effect, for like ice cream, there are at least three basic flavors: If someone borrows to create a business, this is the most productive form of debt, which expands the economy producing real jobs. Next we have the “bring it forward” debt scheme. This is a mortgage that brings future […]

QUESTION: Hi Marty, The reason central banks like to have inflation, is because they get to reduce the effective value of their respective national debts over time. I do not know why there is a link between inflation and interest rates, which is assumed in BB’s remarks. Is there any basis for that ? Regards […]

The quest to eliminate cash is all about Negative Interest Rates for as long as cash exists, people would withdraw their money from banks and stuff it in a shoe-box. They use Japan as the argument that virtual zero interest rates for 20 years failed to produce inflation. Hence, their reasoning is you must go […]

Austria is where the Sovereign Debt Crisis began with a bank failure in 1931. Today, Austria continues to have a raging controversy over the abolition of bank secrecy. Just look at how far they are going against the citizens because of bank mismanagement, once again, and it is scaring the hell out of a lot […]

QUESTION: Marty, With the default of Greece and their exit from the Euro, what is likely to happen to the debt and what rate would you expect the drachma to be established? I really don’t think you can possibly know how much this blog is appreciated. I’m not in the finance industry but have followed […]

PERRY v. UNITED STATES, 294 U.S. 330 (1935) 294 U.S. 330 PERRY v. UNITED STATES. No. 532. Argued Jan. 10, 11, 1935. Decided Feb. 18, 1935. [294 U.S. 330, 333] Mr. John M. Perry, of New York City, for Perry. [294 U.S. 330, 341] Messrs. Homer S. Cummings, Atty. Gen., and Angus D. MacLean, Asst. […]

The entire idea of Marxism is coming to a real crash and burn. China and Russia experienced that collapse in 1989.95 with the turn in the Economic Confidence Model. The events began with the crackdown that initiated on June 3-4, 1989, which became known as the Tiananmen Square Massacre.  The fall of communism began when military troops with […]

JUDAEA, Sepphoris (Diocaesarea). Nero. AD 54-68. Æ (20mm, 5.08 g, 6h). Titus Flavius Vespasianus, procurator. Dated RY 14 (AD 67/8). L [Δ]Ι Ν[ЄΡ]Ω[Ν]O/ [Κ]Λ[ΑΥ]Δ[ΙΟΥ]/ ΚΑΙCA[P]O/C in five lines within circle within wreath / ΕΠΙ ΟΥΕCΠΑ[CIANOΥ ΕΙΡΗ]ΝΟΠΟΛΙC ΝΕΡΩ/ΝΙΑC/ CEΠΦΩΡ around large S•C. Meshorer 128 (Agrippa II); Hendin 1277 (Agrippa II); Rosenberger 2 (Sepphoris); Sofaer 175 (Agrippa […]

Computer models typically fail for the same reason why human forecasting from a gut personal perspective becomes a joke. In both cases, if there is no experience with the past, neither can possibly forecast the future. Such models have failed because they lack the historical database on a global scale. How is it possible to […]