The Federal Reserve Act of December 23, 1913 authorized the first issue of Federal Reserve Bank Notes. All denominations were issued from 5 to 10,000 Dollars. The notes from 5 to 100 Dollars are series of 1914. The higher denomination notes from 500 to 10,000 Dollars are series of 1918. With the establishment of […]

On August 23,1935, Congress approved legislation that had a major impact on the Federal Reserve Banks, the Banking Act of 1935. This Act structurally altered forever the entire concept behind the Federal Reserve whereas its purpose originally was to provide stability with respect to internal capital flows in addition to a regulatory clearing house for […]

One of our Texan readers reminds us about the Mexican Independence was indeed – a Sovereign Debt Default. “Monday was Cinco de Mayo which Texans celebrate more than Mexicans. Little known fact that the war had its beginnings when the Mexicans declared a moratorium on foreign debt for two years. The British and Spanish negotiated […]

QUESTION: Mr. Armstrong, I know someone who attended your 1985 Conference in Princeton. He said you illustrated the huge volatility, and forecast there would be the Crash in 1987 and 1989. He said you forecast the G5 would be the source of that volatility, and that there would be a Sovereign Debt Crisis that will […]

The Global Market Watch has been posted for the close of May 7th, 2014. Global Market Watch

  Putin’s hardball with the USA is paying off. His popularity has hit 82% in Russia – the envy of any Western politician. The attitude in Russia is that they have been kicked around and now it is time to kick-back. Economically speaking, taking Eastern Ukraine is no prize. There is no real economy to […]

What is a Scalar Date? The term scalars is used for real numbers  because they span the “scale of progression from positive to negative infinity” representing the “comparison of positions upon one common scale”. Effectively, we created our own Scalar Date system in order to handle TIME within computer forecasting models. Essentially, our Scalar Date starts with day one 6,000BC and counts every […]

What is a Scalar Date? The term scalars is used for real numbers  because they span the “scale of progression from positive to negative infinity” representing the “comparison of positions upon one common scale”. Effectively, we created our own Scalar Date system in order to handle TIME within computer forecasting models. Essentially, our Scalar Date starts with day […]

Gold rallied establishing the high on the classic 7th day. The Daily Bearish Reversal; to watch lies at 1285.60 on a nearest futures. A closing beneath 1295 will warn that a pause in the uptrend is starting.

The U.S. monthly international trade deficit decreased in March 2014 according to the U.S. Bureau of Economic Analysis and the U.S. Census Bureau. The deficit actually  decreased from $41.9 billion in February (revised) to $40.4 billion in March as exports increased more than imports. This recovery in the US economy is showing signs of shifting […]