Showing 2869 Results for dollar
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Showing 2869 Results for dollar
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July 10, 2015
The renewed compromised has, in the eyes of the market, already been accepted and everything is back to normal and all is forgotten! Well, that is certainly how the markets have reacted today after the new austerity news broke. Of course this too will fail as the economy turns down and these politicians, who always view […]
July 9, 2015
This is the end of an era. The Chicago trading pits have closed after 167 years. What is a shame about this is that great traders need the “feel” and you just do not get that from looking at flashing screens. It is like playing chess against a great opponent vs. the computer or flying […]
July 8, 2015
QUESTION: Why was the confiscation of gold by FDR in 1933 a good thing? ED ANSWER: What you have to understand is that Franklin Delano Roosevelt’s (FDR) actions in 1933 were not directed simply at gold. This was the end of austerity, which is what was creating the serious economic depression. So, you must separate gold and […]
July 8, 2015
The conspiracy camp all but concluded that the Amero would be issued by 2010 as a product of the North American Monetary Union, which some argued was to be part of NAFTA. It made for a great prediction; in Canada, they were calling it just USA and Canada. The idea never gained fundamental support politically and […]
July 8, 2015
Any hope that Greece will now negotiate with its creditors should help to hold the euro for now. But keep in mind that Brussels has still not changed its mind or its philosophy. It is going to take more than just Grexit. Eventually, Greece will have to leave. There will be no choice and its […]
July 7, 2015
OK. Let’s try to explain Europe a different way. What if the USA adopted a policy that said NAFTA (North American Free Trade Agreement) should move from a trade union of Canada, Mexico, and USA, to a monetary union. Both Canada and Mexico abandon their currencies and adopt the dollar. Canada would find things go up in […]
July 6, 2015
Brussels has been dead wrong. The stupid idea that the euro will bring stability and peace, as it was sold from the outset, has migrated to European domination as if this were “Game of Thrones”. Those in power have misread history, almost at every possible level. The assumption that the D-marks’ strength was a good […]
July 4, 2015
The obsession with austerity stems from Germany’s experience with hyperinflation. This is akin to the USA’s obsession with the deflation of the Great Depression. Both political groups and nations fail to understand the real causes of what they experienced so we end up with rising authoritarianism that will not end nicely. Austerity cannot continue when government continues […]
July 3, 2015
Sorry for being late – my bad. This is actually an important Independence Day for you. True, it was originally the Dominion Day on July 1, 1867 that was the enactment of the British North America Act in 1867 (today it is called the Constitution Act, 1867). That merged the three possessions of New Brunswick, Nova […]
July 3, 2015
QUESTION: Mr Armstrong; A friend works for a ….. Hedge Fund. He said you could put together a team to save Europe. Would you take up such a challenge? Thank you for telling it the way it is. OD ANSWER: In theory, yes, we could put together a team of people from the real world to […]