It is amazing how people keep touting the demise of the dollar yet cannot comprehend that it remains the only game in town. We may yet see a tremendous capital flight to the dollar for a host of reasons from war and political risk to the landscape of interest rate trends. An Asia capital fight […]

  Animals are not stupid. Even a bird will respond to free food and trust you to come close. Here I am feeding a bird willing to fly up to me because I have free food. Humans are no different.  Like the bird that trusted me, humans trust government to be there as well. What […]

This whole idea of socialism has created a system that is way beyond what anyone in their right mind would have created. The Swiss pension system is at risk no different from anyone else. Swiss life insurance companies guarantee one part of the pensions of Swiss workers. Now the Swiss unions have figured this mess out and […]

A trial in Washington may get to the truth for it is at least not New York City. There will be many star players taking the stand. No NY court would have ever allowed such a spectacle. There was a Buffet Goldman offer until they decided to let government funds be used. The Fed and […]

When the final epitaph is written on the decline and fall of Germany, how will it review Merkel? With fond memories or the catalyst of doom? In the background of the war rhetoric against Russia, the European financial crisis continues to smolder where the stench is starting to be noticed as the Euro keep declining. European […]

QUESTION: Hi Mr. Armstrong, I just read your 1997 Edinburgh transcript which you posted. It sounds like you could have written it today, which brings me to my question. It seems that we have drifted through the last 17 years dealing with the same corrupt systems and find ourselves in the same position, so why do […]

  Princeton Economics International, Ltd. Edinburgh Transcript April 29, 1997     I would like to begin today with a brief overview as to how we at Princeton look at markets. For those of you who attended last year’s conference I will try to be as brief as possible.   Effectively, our models are based […]

For the first time the position of the dollar as world reserve currency in the United States has come under criticism by Obama’s former chief economist, Jared Bernstein (2009-2011). Bernstein argues that the accumulation of dollar reserves abroad make the US currency too strong. This destroys jobs in the United States and weakens the economy. Retaining […]

Anyone who questions when I began warning that interest rates would go negative, well that day has arrived. Investors are now paying Germany to park their money. At the first auction of six-month German Treasury bills after the recent ECB rate cut, investors had to make do with a negative yield of 0.0934 percent on […]

The entire problem we face going ahead stems from the very idea of Karl Marx that government is capable of managing the economy either through communism or autocratic-socialism where the state dictates to the economy under the pretense of caring for the people, that has truly become a derivative of fascism where the state comes […]