The news pundits call the minutes from the Fed’s December policy meeting showing a growing concern about further increases in the central bank’s $2.9 trillion balance sheet since 2007-2009 a “surprise” for Wall Street. Quite frankly, how could anyone take QE3 seriously as being open-ended when it was announced before the elections? Come on! You […]

I have warned that the role of gold will be primarily as an underground currency. As governments become more and more desperate, people turn to alternatives. I have also explained that as Rome debased its currency, a two-tier economy emerged. Not even the government would accept its own money back for taxes. They imposed taxes […]

The answer to that is yes! Here are three charts on Britain. Its debt soared with World War I, the cost of living became exceptionally high and foreign labor migrated to London making it the first city after Ancient Rome to reach a population of 1 million during the late 19th century. Labor migrated because […]

The Fibonacci stuff is just a interesting curiosity that merely showed the resistance at 17633 level. This is by no means a definitive tool. Just a confirming tool at best. If those monthly bearish reversals go, yes we retest support. The support in 2012 was 1400. That moves down to 1100 for 2013. As far […]

Soon the total World Government Debt will reach $50 trillion. It is rising $342,000 per SECOND faster than economic growth worldwide. GlobalDebtClock

Traveling around the world for 3 months hitting every place from Hong Kong, Beijing, SE Asia, over to Europe, I met with at least 30 government ministers, central bank committees, hedge fund managers, investors and bankers. A lot has changed in 25 years. I have been warning how Americans have been thrown out of the […]

The support in 2013 will be at 11,900, 11,650, 11,025 and resistance at 13340. For those attending the technical training seminars, here is a glimpse of the three 1985 projection lines that have defined this entire ECM wave of 51.6 years from 1985 into 2032. The 2007 high was slightly over the projection for that […]

The world did not end on December 21st, 2012, and there will also be no HYPERINFLATION. Beware, gold in 2013 See new posting for Gold.  

Copyright Martin Armstrong All Rights Reserved January 1st, 2013 We have a very serious problem. In gold, everyone is loaded to the gills expecting hyperinflation that will never materialize and governments are getting outright nasty. We have THREE Monthly Bearish Reversals that have now lined up in gold at 15470, 15413, and 15323. We have […]

While it is likely that the US politicians will vote now before the new Congress comes in because that was the deal (lame-duck), there is a serious consequence to this sort of crisis management that Congress has preferred waiting to the last minute for everything. When I wrote that the threshold for reporting money transfers […]