QUESTION: Hi Marty, You truly are the gadfly that Plato described of Socrates who kept pestering Greek government till they executed him but who Socrates commented that you are only killing the government and society more than you are killing me!  You talk of the collapse of the American empire sometime in 2032 analogous to […]

QUESTION: Mr. Armstrong; Is there any exception to the Sovereign Debt Crisis? Has any government survived? Thanks HJ ANSWER: No. There is no exception whatsoever. Countries such as Spain were at the top of their game – the richest in the world. They borrowed against every ship because they could not wait for the money. […]

Julius Caesar (100-44BC) The economic history of mankind has always been a story of boom and bust. Throughout time, we find crisis after crisis in the recorded pages of history. The slogans of revolution or revolt have far too often been merely a disguise for economic motives by the state, king, minister or emperor. The […]

The Silver Democrats came to label this financial crisis the Crime of 1873. Of course, they understood nothing with respect to the global economy and merely assumed that the could do as they desired domestically without any regard to international trends of implications. Up until the year 1873, all the dollars in the world were […]

The Federal Reserve began as a simple private sector clearing house/insurance fund, which is why the banks were the owners. Yes, the Fed was given the power to create money that was to be ELASTIC. They would create money during a bank panic to satisfy demand and then shrink it when depositors return to the […]

  The IMF proposal to just take 10% of all European deposits would certainly not take place before the EU elections on May 25th. We do show higher volatility and a crazy period in 2014 in the September/October period. That will be the beginning of the crisis period that will not end until about 2020. […]

Everything is connected. The correlations are complex yet predictable. I have stated numerous times that the more affluent a society becomes, the slower the growth rate. Then add uncertainty and it gets much worse. The population of Rome collapsed and this defeats the Ponzi scheme of how governments assume they will always have a rising […]

COMMENT: Trading: I cannot do stock trading on the exchange as I will always loose.Trading is a zero sum business if you include seller, buyer and bank/broker fees.I believe that the winner on trading are the banks and the brokers. I believe that “Naked” trading and speculation by the big banks has ruined the free market and […]

COMMENT: So government has no interest in collapsing the economy, but they do in collapsing the Twin Towers as you intimated?  We’re all a bit looney in our own way I guess. JC REPLY: Follow the money. 911 expanded their power and got rid of an investigation into $2.3 trillion missing money at the Pentagon […]

The Federal Reserve’s balance sheet expanded to a record $4 trillion in the week ended December 18th. The Fed balance sheet has expanded thanks to QE  buying $85 billion a month in Treasurys and mortgage related assets since last January. The Fed’s balance sheet has expanded from $891 billion in 2007 without creating inflation. This is […]