There were two taxes that altered how people lived. There was the Window Tax that inspired row homes in Colonial America. That simply became the standard and long after the tax was gone, row homes became the norm. Row Homes eliminated the need for windows on two sides of the house. You will also see […]

  James Otis (1725-1783) President Obama is supposed to be a Constitutional Lawyer. It is sad he clearly has no respect for the Constitution whatsoever. John Adams, Second President, listened to the 4 hour speech of the defense lawyer James Otis (1725-1783) who argued against the king’s Writs of Assistance in February 1761 that allowed the […]

The Global Market Watch has been posted for the close of December 6th, 2013. https://www.armstrongeconomics.com/market-watch/

John Thornton, ex- Goldman Sachs banker who next year takes over the helm at Barrick Gold, the world’s top gold miner, has suggested that hedging may once again be appropriate. We use to assist mines in hedging. Outsourcing hedging is not really done other than to hand the reins of power to a bank who […]

QUESTION: Mr. Armstrong; Are you also going to update your report on weather, earthquakes, and plagues? I think the last time you did that was for the 1985 Conference. I do not recall the target, but I think it was 2020 on the plagues. Is that correct? I cannot find my materials. ANSWER: We do […]

The Global Market Watch has been posted for the close of December 5th, 2013. https://www.armstrongeconomics.com/market-watch/

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The number one currency in South America is US dollars. This is what people hoard and how they protect their wealth. The Venezuela currency is in Free Fall. The citizens are at last going to be able to open bank accounts in dollars.

Last night they lit the Rockefeller Christmas Tree. It is the one time NYC actually blossoms during the Christmas season. The first Christmas tree in NYC was actually erected in 1931 in the worst year of the Great Depression when just about all the foreign sovereign bonds defaulted on Americans causing massive bank failures. The […]

The Chinese yuan data is now in and the October numbers from the Swift system show that the yuan, which in January 2012 held only 1.89% of trade transactions, jumped to 8.66% surpassing the Euro, which has fallen to just 6.64% of Swift transactions. In January 2012, the Euro held 7.87% of Swift transactions. These […]