Part of the real financial crisis from the central bank perspective is that they have been trapped by the excessively low-interest rates that in reality has disarmed them from even trying to steer the economy. The bid on long-term rates has been strong over the last decade thanks to retirement plans. People have been […]

While there has been a lot written about the NSA grabbing phone calls and even Snowden warning that phone calls are the most insecure form of communication, this move to share info among government to hunt capital for taxes has been expanded to telephone services. You can now ONLY buy a telephone with a credit […]

Leaked WikiLeaks documents reveal the Abbott government in Australia is moving with the EU and the USA in a secret trade negotiation that is aimed at bringing about radical deregulation of international banking and finance sector. While this Trade in Services Agreement (TiSA) negotiations, reported by The Age, show Australian trade negotiators are working on a […]

COMMENT: Mr. Armstrong – The Liberal majority was no surprise – they are still the best political machine in the province.  They promise no deficit in 2 years – well that’s smack in the middle of  2016, so good luck with that.   What worried me was the militant advertisements by the Ontario Provincial Police […]

COMMENT Dear Mr. Armstrong, I wanted to comment on your article, but WordPress will not let me log in, so I thought I’d write an email. I respectfully disagree with your ideas in this article. Come live in Southern California. These people are coming for the free $$$$: Food, housing, SNAP, WIC, etc., etc., etc. […]

COMMENT: Hi Martin; thank you very much for your informative blog, i started reading at the beginning of the year and it’s the only one I make sure never to miss a single post. You are the first person I recall mentioning that $3,000 transactions are being kept an eye on. Here is another strange case. […]

COMMENT: Dear Martin, One of the knocks against a consumption tax has always been its potential effect on the deficit. It seems that argument is now irrelevant in the age of QE. This is the perfect time to move to a consumption tax (esp. w/ IRS scandal) GB REPLY: We did a lot of research into […]

The Department of Homeland Security dealing with more than 48,000 unaccompanied children crossing the border into Texas has created a real controversy. Aside from the humanitarian issues, we must consider what is causing this issue. That centers on immigration reform and the idea of giving amnesty to children. Quite frankly, if I was Mexican, I would […]

The IMF warns against financial problems in the Swedish economy. The government needs to urgently curb private debt home buying warns the IMF. If the property prices fall, Sweden threaten economic turmoil. The recent data indicate that household debt ratios are high across all income groups. However, indebtedness among the lower-income households are generally more vulnerable to […]

I have been warning that there will be no solution without a massive debt default. This is simply the way it has historically always gone down. Public debt, which is strangely considered quality, has been actually the worst that can possibly exist. Simply stated, no government has ever paid its debt except the single exception […]