COMMENT: Marty, I found your take on matching lenders and borrowers precisely on point. Whilst it sounds innovative, that is precisely what blew up with the mortgage backed securities. The New York bankers took long-term and sold it to many banks in Europe and to insurance funds. That was matching the terms. Even Iceland’s proposal to shift […]

Banking has existed from the earliest of times and has taken many forms from safe deposit storage, money changers, merchants with the ability to move money internationally, to money lenders. Some people wrongly assume that they can eliminate the business cycle by eliminating fractional banking. They assume that it will be possible to match lenders […]

Paul Volcker Former Fed Chairman The entire theory of how to manage an economy via the rise and fall of the money supply being the sole cause of inflation or deflation was discredited post-1971 with the birth of the Floating Exchange Rate System. Unbeknownst to the vast majority, the entire accounting system of trade had been […]

COMMENT: Mr. Armstrong, Many cops do not think beyond a violation of a law to see the bigger picture of what is really going on, they buy into whatever reason is given for a new program, or they like the government bodies they serve see a cash stream that they think they can use as […]

  The amount of propaganda against the Federal Reserve is incredible. What we must keep in mind is that its original design, which lasted for about one year, was brilliant. The classic banking model, borrowing from depositors on a demand basis and lending long-term making a profit on the spread in interest rates, such as […]

QUESTION: Hello Martin- Great work and I wish you the best. One question regarding your recent email alerts from your blog in regards to the “money out of thin air” discussion that was/is going on. What is your opinion on how G. Edward Griffen’s book, “The Creature From Jekyll Island”, relates to the discussion on […]

COMMENT: Hello Martin, The volume and content of the work you are putting out is both phenomenal and sincerely appreciated. In relation to your recent topics on education and learning, Dorothy Sayers wrote an interesting article in 1947 about the “Lost Tools of Learning” http://www.gbt.org/text/sayers.html where she referenced Aristotles Trivium, Quadrivium based work that has […]

COMMENT: Mr. Armstrong, I can talk till I’m blue in the face and it just does not matter! I say to people they are going to ban cash because of taxes and cash is not traceable, try as I might 1 out of 50 people see it. What a shame. I agree when you say […]

QUESTION:  Marty, I am an avid reader and a big fan. My mind now works much better than ever, and I am nearing my 60th year. Thank you for trying to better society in such a selfless way. My question for today is this…how do you do it? What I am referring to is the […]

COMMENT: Hi Martin I am a macro manager. I read your article on April 9th about Public/ private. I agree it will happen but Commercial banks hold only a tiny part of the US Treasury as you will see from the graph attached. They will probably buy on the way up and China reserve growth […]