U.S. Supreme Court Pollock v. Farmers’ Loan & Trust Co., 157 U.S. 429 (1895) Pollock v. Farmers’ Loan and Trust Company No. 898 Argued March 7, 8. 11, 12, 13, 1895 Decided April 8, 1895. 157 U.S. 429 APPEAL FROM THE CIRCUIT COURT OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF NEW YORK Syllabus […]

When you impose drastic and excessively high taxes to get the “rich” and their yachts, they just sail away. Saint-Tropez, which was known as the “Billionaire’s Harbor” is just about empty. The yachts sailed off to Italy and Spain abandoning the French Riviera. The local government is pleading with Macron to intervene. They say revenue is […]

We have a very serious problem with Congress. Their actions in far too many ways is displaying (1) a total disregard for international law, and (2) a clear arrogance that they will punish foreigners for not obeying US law outside the territorial jurisdiction of the United States. What if Germany passed a law to punish […]

The European Commission is close to triggering Article 7 on Poland for refusing to accept refugees. Article 7 is called the “nuclear option” that denies a member the right to vote.  The Commission is reported to be preparing infringement proceedings against Warsaw for breaching EU law over its plans to bring the judiciary under government […]

  QUESTION:  Dear Mr Armstrong, with great compliments on your work I now see a chance to do something back. … On the topic of government hunger for money, they are now using speedtraps for boats here in Amsterdam. Just 2 miles over the limit will cost already cost you €90. Yes they have laserguns for […]

The riots is France have been forming for the last two weeks and have now erupted violently with protesters carrying banners that read “Break Destroy Ravage” that is similar to the destructive forces unleashed in Hamburg. The police report that the mob is composed of the youth. It is hard to see how these people […]

QUESTION: Mr. Armstrong; Are you aware of the 1988 Economist article predicting that in 30 years from then we would all be using the same currency?  That is strangely your target of 2018 when you have warned that the Monetary Crisis will begin then. I met an attendee from your 1985 WEC there in Hong […]

The Seattle City Council has run out of things to tax so they have unanimously voted to impose an income tax upon the “rich”, and of course we all know that will eventually move to include everyone. The city claims it will raise $140 million and it will cost $10-13 million to set up, and […]

Merkel chaired the G20 summit and she completely and utterly failed to lead G20 to a successful conclusion. Well of course, Merkel lost control of the streets of Hamburg, which looked more like a civil war challenging her authority. However, Merkel thought she could score a major diplomatic triumph by getting everyone together to gang-up […]

QUESTION: Dear Martin: How does this affect cash flow to and within the USA? (China Bond market) Rich ANSWER: It does not alter anything just yet. Most of the capital outflow from China has been its own people trying to get cash out. They were using BitCoin to accomplish that. This is a first step […]