Apology By Plato Translated by Benjamin Jowett Socrates’ Defense How you have felt, O men of Athens, at hearing the speeches of my accusers, I cannot tell; but I know that their persuasive words almost made me forget who I was – such was the effect of them; and yet they have hardly spoken a […]

Copyright Martin Armstrong All Rights Reserved 10/15/2012 The Rising Tide of Currency Protectionism The Currency War The front page of the Straits Times for Monday October 15th read: “Emerging economies lash out at US stimulus” Indeed, Bernanke yelled at these economies saying they should let their currencies rise to fend off the capital inflows to […]

What a lot of people in the West may be unaware of is that Southeast Asia is trying to blend their economies into a trading region. They are maturing and preparing to rise as a very important economic center for world capital. Most significantly, when I was invited to Beijing following the 1997 Asian Currency […]

There is clearly a double edge sword to Adam Smith’s Invisible Hand. At first, there is the self-interest that combines to create the economy by everyone filling their own unique slot. Communism failed because it removed that human element and replaced it with state centralized planning. The self-interest of the individual also leads to the […]

Copyright Martin Armstrong All Rights Reserved October 13th, 2012 The Risk of Low Interest Rates Analysis is dominated by simply opinion and therein lies the problem. Economics has become nothing like a science. In physics, one observes and then determines the “LAWS” as to how the universe functions. In the field of Economics and Finance, […]

There is a rise in the global economic uncertainty.that is even felt in Southeast Asia. Even a survey of Ernst and Young just revealed that 40 per cent of companies in the region are pessimistic about their profitability, compared to only 30 per cent of companies about six months ago that included 118 Southeast Asian […]

The most serious problem we face has been the Marxist-Keynesian presumption that government is even capable top manipulating the economy. Paul Volcker in his 1979 piece Rediscovery of the Business Cycle, address this nonsense stating that effectively the collapse in the Gold Standard that was followed by the 1974-1976 Recession defied this notion about “New […]

Warrantless searches are up substantintially and that will be the platform for collecting taxes. This is why 30,000 more IRS agents were hired to start with the Healcare in January. The constitution is completely dead. This was the very reason that sparked the American Revolution. As John Adams said and was quted by the Supreme […]

Joe Biden is a great bullshit artist. I loved the way he keeps talking about taxing the “super rich” making everyone think it is Warren Buffet and Bill Gates. The truth is it is a couple each earning $125,000 GROSS!!!!!!!!!!!!!!!!!!!!!! Tell the damn truth. He makes it sound that the whole problem is the “super […]

The Dow has backed off along with gold. The support to watch right now lies at 13200. A daily closing below this area is necessary to signal a shift in trend back to retest support. We will be looking at the Weekly levels on this tomorrow,