QUESTION: Mr. Armstrong; Is the velocity of money an indicator of booms and bust? Didn’t the QE program by the Fed increase the money supply? Then why do we not see an increase in velocity or inflation? Confused & Curious TW ANSWER: The reality is, in a broad general sense, the velocity of money is […]

The State of Illinois is dead broke. They cannot pay the pension of state employees. The lottery purchases obviously are used by the state for whatever they desire. Now that they are broke, they can’t even pay the winners of their lottery. And people trust government? The government is incapable of managing anything because they […]

So far, the markets are generally positioning themselves for a turn at the end of September. The Dow has traded sideways since Thursday, trying to cling to the rebound. We need a closing today ABOVE 17007 to firm up the market, and a closing below 16632 will warn that the Dow is weak going into […]

QUESTION: Mr. Armstrong; Because of the civil asset forfeiture laws I think I understand why you say own only gold coins before 1947 not bullion they can call cash. Am I correct? HP ANSWER: Absolutely. Even that will not be a guarantee against government who has gone totally criminal. However, if you have circulated common date $20, […]

“The Forecaster” will be shown in Switzerland for a limited time from September 2—9, 2015. We all know who is behind trying to prevent this film from airing in the USA and Switzerland. They interpret free speech as their ability to freely suppress whatever makes them look bad.  

Over the weekend, The Financial Times reported that Beijing would abandon its large-scale share purchases. This story sparked declines in China’s A-listed shares, although the Shanghai Composite pared losses to close 0.8 percent down. Then there is Jackson Hole and how amazingly stupid people are who do not understand what the Fed has been saying […]

While we need some form of rule of law and independent body to appeal to for complaints, there is no question that government is by far the evilest invention ever created by humankind. When you actually look at how government begins, it allows us to see that the heart of the problem is always greed and power. Today, […]

Whatever you do online in Australia, every site you look at from porn to whatever, will be recorded by the government and will be accessible by more than 21 agencies without a warrant. This complete elimination of privacy takes place October 13, 2015.

U.S. Supreme Court J. W. GOLDSMITH, JR., GRANT CO. v. U.S. , 254 U.S. 505 (1921) 254 U.S. 505J. W. GOLDSMITH, JR.-GRANT CO.v.UNITED STATES.No. 214.Argued Dec. 8, 1920.Decided Jan. 17, 1921.Messrs. L. C. Hopkins and C. T. Hopkins, both of Atlanta, Ga., for plaintiffs in error. [254 U.S. 505, 506] Assistant Attorney General Adams, for […]

  QUESTION: Dear Martin, Although I am not that knowledgeable in Economics, I have been following your blog for some time now. I am intrigued by the patterns Socrates unearthed regarding human behavior. I can appreciate a good puzzle. We keep repeating  everything  we do, but it grows more devastating as our technical  knowledge improves, […]