The Iranian Rial The Iranian Rial has come under tremendous pressure. Internally, the currency is depreciating in purchasing power at an astonishing rate. Internationally (illustrated here), the Rial has fallen generally to the 123.50 level from the 79 to the dollar level back in 2003. Internally, the Rial has just suffered one of the most […]

Asia – The Coming New Financial Capital of the World   One of the most significant advantages of gathering historical information on the rise and fall of nations throughout history, has been the discovery of the true nature of the world economy and its interactions with mankind. Nothing lasts forever. There are four seasons to […]

The-New-Yorker-article (PDF) 10 Page Article on Martin Armstrong

July 18, 1996 Testimony of: Martin A. Armstrong Chairman Princeton Economic Institute 214 Carnegie Center Princeton, NJ 08540   Mr. Chairman, members of the committee. I would like to thank you for inviting me here today to offer what information PEI has gathered from our experience in dealing with the multinational corporate and institutional sector […]

Singapore just passed on Friday the most interesting deleveraging Act targeting the housing market of any country in history. In a move that took the world by surprise, the Government of Singapore has introduced new measures as of Friday designed to deleverage  the property market and stop home buyers from over-extending themselves to temper and control […]

You just have to love the court system. When the big brokerage houses were charged with bogus analysis and paid fines to the SEC, a private class action suit was filed in Southern District of New York (SDNY) and it was dismissed when shareholders tried to file suit. Merrill Lynch & Company had won the […]

UNITED STATES v. ZICHETTELLO 208 F3d 72 (2d Cir 2000) UNITED STATES of America, Appellee, v. Thomas ZICHETTELLO, Defendant, Frank Richardone, Ronald Reale, Richard Hartman, James J. Lysaght, and Peter Kramer, Defendants-Appellants. Docket Nos. 98-1376(L), 98-1377, 98-1378, 98-1379, 98-1380. Argued June 8, 1999 — March 30, 2000 Before: WINTER, Chief Judge, OAKES, and SACK, Circuit […]