Obama’s Cadillac Tax was due to hit January 2016. As always, the politicians KNOW this will be devastating. So what do they do? They push it off into 2018. This crazy law is all about raising taxes so your benefits will become taxable income. They already tax corporate profits three times (1) corporate tax, […]

COMMENT: I got it. Banks do not create money out of thin air it is lending multiples of the same money. I wish it was the thin air for as you say just bribe a banker to pay your taxes. HT REPLY: Yes that is the whole issue. We can regulate the reserve requirement increasing […]

QUESTION: So your argument is that there is some base line for deposits and that is the difference between thin air and leverage. Correct? Joe ANSWER: Yes. Thin air to me implies anyone could then lend non-existing money. That is totally different from taking $1,000 and lending it out multiple times so that the amount […]

QUESTION: Marty, thank you for explaining the banking problem. It is leverage but they cannot create money without a basic deposit. The way these people spin this you would think you just open a bank and create money by loans without any deposits at all. Why are these people so bent on destroying banks? This […]

The 2007.15 Peak in the ECM set in motion a profound sea-change within the economy on many levels. It was the beginning of the decline in economic power of the West and the shift in economic power to the East. Liquidity has failed to return and every office building I drive by even today has […]

QUESTION: Marty, in your piece about banking are you suggesting that fractional banking is not the issue it is the shift from relationship banking to transactional that is causing the greatest damage? Thanks Bob ANSWER: Absolutely. The difference between a Dark Age and Capitalism is the very fact that banks exist. The Dark Age after […]

QUESTION: Marty, I remember you giving a seminar back in the early nineties and you showed a chart of the rise and fall of civilizations with the energy output of the sun long before there was this insistence on global warming. Do you have that chart still? REPLY: Here it is. It was redone in […]

QUESTIONS: (1) Mr. Armstrong; I have read theories that this wave of economic evolution you displayed as the sixth wave at the Solution Conference  is the transformation from the industrialized world that was based upon commodities to the new age of intellectual development necessitates a new deflationary age in commodities. Some seem to be even […]

COMMENT: they now propose a bill which provides that savers’ deposits in Austria will no longer be guaranteed by government. The banks should be responsible for the safety of savings, not the government. Welcome to the almost obsolete world of modern banking.Our deposits/savings largely guaranteed by transactional bankers(whos balance sheets Joe Public cannot possibly understand the […]

Austria is now planning a far-reaching reform of deposit insurance – default. You pay taxes all your life and you are told government is there to protect you. Austria demonstrates the future all nations will face for they now propose a bill which provides that savers’ deposits in Austria will no longer be guaranteed by government. The […]