Not all debt has the same economic effect, for like ice cream, there are at least three basic flavors: If someone borrows to create a business, this is the most productive form of debt, which expands the economy producing real jobs. Next we have the “bring it forward” debt scheme. This is a mortgage that brings future […]

Julia Livilla (18 – 41AD) Julia Livilla was the youngest Child of Germanicus and Agrippina Senior. She was born on the island of Lesbos during her parents’ tour of the eastern provinces. She is best known, like her sisters Agrippina Junior and Drusilla, for the alleged incestuous relationship she had with her brother, Caligula. Suetonius, the earliest […]

QUESTION: Mr Armstrong; You have written that the Federal Reserve remains on track to raise interest rates later this year and this will accelerate the capital inflows driving the dollar higher. You previously warned that this will also set off further defaults in emerging market debt and you have also said that the pension funds […]

In response to questions from a major U.S. city and the debt crisis, I will not mention the names for this is sensitive and highly political. I have decided to address the question, which I would normally do privately, only because a lot of municipal governments are in trouble in many countries. The same problems […]

The conference to tax money was held on May 18, 2015, in London at the Mandarin Oriental Hyde Park in Knightsbridge. I can only assume that the lack press coverage was deliberate, and intended to avoid sending panic to the people, which would lead to a massive bank run if people understood what these guys are […]

Illinois is now regarded as the worst state in the nation, with respect to the prospect of a collapse in state pension. On May 8, 2015, the Illinois state Supreme Court handed down a decision that severely restricts the ability to revise pensions. The court ruled that the Illinois constitution prohibits a 2013 bill that intended to address […]

QUESTION: Hi Marty, The reason central banks like to have inflation, is because they get to reduce the effective value of their respective national debts over time. I do not know why there is a link between inflation and interest rates, which is assumed in BB’s remarks. Is there any basis for that ? Regards […]

The Daily Mail released the numbers, showing all along that this idea of global warming has been just a natural cycle. London used to be horrible to live in during the summer, when the buses spewed out black exhaust. Today all the buses run on electric or natural gas, and to a large extent, the […]

The quest to eliminate cash is all about Negative Interest Rates for as long as cash exists, people would withdraw their money from banks and stuff it in a shoe-box. They use Japan as the argument that virtual zero interest rates for 20 years failed to produce inflation. Hence, their reasoning is you must go […]

As Secretary of State, most people think it is only diplomatic. The Secretary of State is also in charge of selling arms to foreign governments. Hillary Clinton was in charge of rejecting or approving weapons deals. It is no coincidence that her department approved $165 billion worth of commercial arms sales; the countries she approved were Clinton Foundation […]