The man whose idea gave life to the euro, Professor Otmar Issing, said it would be “dangerous” to transfer control over tax and spending to the EU federal level before a full political union has been established on democratic foundations. This is the problem with his idea. He only saw that the dollar was the strength of the USA […]

Asia saw a mixed session where most markets were lower but talk of intervention in China saw a very healthy bounce in the last few minutes of trading (Nikkei -2.5% Shanghai and HSI both up around 3%). Europe started on a positive note and never looked back. Positive session for all major European Indices saw exchanges close 1%+. […]

We were able to expand the conference to the full ballroom in Berlin. This is the maximum we can provide. Of that, the majority of seats are sold out. We have now about 50 remaining after the hotel has expanded the room. So these will be on a first come first serve basis. Berlin Conference […]

QUESTION:  Mr Armstrong, interesting article today, the story of the store of value (at least long term) has always confused me. One can look at saving accounts also as an asset as it yields the interest payment and one relinquishes the access to the money. No difference to bonds. But your article causes some questions: […]

Inside Paradeplatz – Corrupt judges, greedy investment bankers and bursting debt chain letters (English Translation)

An IRS Agent was arrested by police for threatening to close a woman’s business unless she had sex with him. The IRS Agent, Samuel Garza, showed up at the business and made “sexual overtures” that implied that the woman would lose the business if she didn’t cooperate. The police said Garza told the woman to […]

It is fascinating how some people interpret “total productive capacity” as only brute labor and thus, communistic. This becomes their argument for precious metals. True, Marx focused on labor as wealth, and he was partially correct. The total productive capacity includes those who create innovations, such as Henry Ford, Steve Jobs, or Bill Gates. What they tend […]

The Austin Texas Bullion Direct has filed for bankruptcy and it is alleged that $30 million in metals that were supposed to be in storage is gone (Bullion Direct Bankruptcy-Case-Filing-7-20-2015). This is one of the bigger problems with the gold promoters claiming to be storing customer’s metals without independent audits, insurance, etc. This was a problem after […]

The black basalt bust of Julius Caesar is more likely than not the one commissioned by Cleopatra herself. We know that Cleopatra had built an elaborate shrine, or Caesareum, to Julius Caesar opposite the harbor of Alexandria. He was the father of her son and she clearly was politically driven to take Rome by marriage. […]

Angela Merkel and IMF chief Christine Lagarde can laugh it up as Europe burns down. The whole crisis stems from antiquated ideas that center on what money actually is. If you do not grasp what the true function which money actually provides within the economy, then you will be unable to get anything else right […]