TAX DEBATE PRINCETON UNIVERSITY JUNE 24, 1997 STEVE FORBES:  I would like to thank Dick for putting on this forum tonight and I would also like to thank all of you for coming out on a very nice weekday evening to hear a lot of hot air from the people on this panel. It reminds […]

There has been a long-term trend in major inflations and deflations. The numbers are 23 and 26 years. There is sufficient data that has survived even from the Temple of Apollo on the Island of Delos which was essentially the ancient world’s central bank. Just as we know there was a major default of some […]

In 1993 when the CFTC first picked up excessive trading in silver at PhiBro, the CFTC ran in and demanded to know who the client was. PhiBro refused to tell them it was Warren Buffet and the CFTC said exit the trade. That is why they began to move to London. It is becoming increasingly […]

  Copyright Martin Armstrong All Rights Reserved December 6th, 2012 The Roosevelt Taking of Gold Was Unconstitutional Gold is a commodity for trading as well as something you put in your sock drawer for a rainy day. They are two different things entirely. The fanatic Goldbugs who argue only gold will survive and hate my […]

The Sovereign Debt Crisis is of profound importance. What is grossly being overlooked is both the exposure of banks to sovereign debt in Europe as well as Japan. In the case of the former, France has more exposure than all of Europe combined. The French have actually proposed lowering the retirement age from 62 to […]

The greatest problem we have is that liquidity is down by more than 50% still since 2007 on a global scale. Governments are getting so aggressive with taxation they are killing the global economy causing capital to just hoard. This nonsense of terrorism has created a global tax gathering process that is unbelievable. Hotels in […]

September has proven to be the highest monthly closing. The correction is under way and the Reversals have been performing as usual. January is shaping up to be a major turning point in many markets. All of Asia has been percolating preparing for what appears to be a major Directional Change in 2013. Japan may prove to […]

Copyright Martin Armstrong All Rights Reserved 10/15/2012 The Rising Tide of Currency Protectionism The Currency War The front page of the Straits Times for Monday October 15th read: “Emerging economies lash out at US stimulus” Indeed, Bernanke yelled at these economies saying they should let their currencies rise to fend off the capital inflows to […]

http://www.whitehouse.gov/omb/budget The President’s 2013 Budget is out and it should be stated that there is no forecasting ability incorporated in this report. The projections are based on the assumption that what is in motion stays in motion. So the increase in interest expenditures that they freely show here will exceed all nondefense spending in the […]

 The Iranian Rial The Iranian Rial has come under tremendous pressure. Internally, the currency is depreciating in purchasing power at an astonishing rate. Internationally (illustrated here), the Rial has fallen generally to the 123.50 level from the 79 to the dollar level back in 2003. Internally, the Rial has just suffered one of the most […]