It is amazing how government is trying to claim the existence of global warming, simply to introduce a carbon tax. We are entering the 21 year of declining temperatures; not rising temperatures. This is akin to the tax on cigarettes; people smoked less and governments cried that they were losing revenue, causing many places to tax electronic […]

  In 2011, Louisiana became the first state to wage war on CASH, enacting a law called R.S. 37:1866. Politicians made it illegal to purchase anything from a secondhand dealer with cash. Therefore, even going to a garage sale to make a purchase with cash became illegal. A secondhand dealer shall not enter into any cash […]

What actually constitutes the Long Depression has been debatable, for at first it was called the Great Depression, and then that title was transferred to the 1930s. Consequently, some limit the term Long Depression to the worldwide price recession beginning in 1873 and running through the spring of 1879. Six years is not exactly a “long” depression, that in […]

Even the IMF has come out now to warn that Greece may need a complete debt write-off. This is sending an economic earthquake through Europe, for it undermines the political position of Merkel entirely. There is no doubt about this: Greece cannot pay and cannot raise taxes while simultaneously having any viable economy. This is […]

Some people have a very hard time understanding that we are in a massive deflationary spiral; they think that rising prices simply means it is inflation and not deflation. They only see prices, not disposable income, and certainly not economic growth and unemployment. Prices rose sharply following the OPEC oil price hikes, but the sharp […]

QUESTION: Mr. Armstrong; Will you be going over the Sixth Wave this year at the WEC? What you just posted about the  Maunder Minimum is very interesting to say the least. ANSWER: Yes. This is the primary driving force behind the 309.6-year cycle. At this level, what becomes the major influence has been the Solar […]

Alexis Tsipras, Prime Minister of Greece, has sold his country out to the failed ideas of the euro. There is no possible way for this deal to work for it will bring only more austerity to Greece that will continue to grind its economy to a halt. Raising taxes will not create jobs and it […]

Electric cars are rapidly entering the market. This is causing more than just a decline in the demand for oil. The i8 BMW is a hybrid that still has a combustion engine in the back and an electric in the front. This car gets 78 miles to the gallon. It has a purely electric top […]

The UK is ready to ban WhatsApp thanks to the Investigatory Powers Bill, also known as “Snoopers Charter”. This new act will allow the government to ban instant messaging apps that refuse to remove end-to-end encryption. The British want to peek at what everyone is doing for taxes. They already have signs all over stating they […]

The renewed compromised has, in the eyes of the market, already been accepted and everything is back to normal and all is forgotten! Well, that is certainly how the markets have reacted today after the new austerity news broke. Of course this too will fail as the economy turns down and these politicians, who always view […]