QUESTION: Mr. Armstrong, I thought you would be wrong on the pound. I will yield to your forecasts. I do not know how you do it forecasting so many things around the world and getting them right no less. Reading between the lines who have written, on the one hand, you have said that Brexit […]

COMMENT: Dear Mr. Armstrong, The weather, politics, and life in general is getting a little more skewed month by month on the planet—and like everyone else in history who has experienced cyclical highs and lows, I sure wish I’d been able to skip this cycle altogether— I’m 64 and really trying to keep realistic and not […]

QUESTION: Martin, I know that the basic ECM cycle’s 4.3 year decline subdivides into a 1.075 year decline, 1.075 year rise, and 2.15 year decline. However, if I remember correctly, the 2.15 year decline also includes the Pi cycle turn 3.14 years from the top. If I remember correctly for this ECM cycle, the 2.15 year […]

The American Embassy personnel in Haiti are still under an order to take shelter and remain in place. They have been instructed: “Do not attempt to travel at this time.” Riots began on Friday in Haiti and have continued for three days when the government, instructed by the IMF to reduce government subsidies for fuel, resulting in […]

  COMMENT: Mr. Armstrong; As you know, we rejected the proposal to eliminate banks from creating money by lending or the Sovereign Money Initiative. What you did not report is that the very same reasoning behind that movement has been used for the cryptocurrencies. In fact, they were using Bitcoin as proof that their idea […]

The causes of the Great Depression have been debated for decades. The problem with all of the analysis is this same attempt to reduce the cause to a single event. In school, we read the Great Crash by Galbraith. He was a socialist so he blamed the corporations and never bothered to ever even mention the […]

QUESTION: Were the Crusades inspired by economics? You mentioned how Venice looted Constantinople. Thank you for making history interesting KR ANSWER: To understand the Crusades, we have to first look at what was the original justification. The Catholic Church encouraged pilgrimages from the 4th century, but they began really during the 1st-2nd century and built in […]

QUESTION: Mr. Armstrong, what were the gold custom units issued by the Bank of China with the image of Sun Yat-sen. PHR ANSWER: The Customs Gold Unit (CGU) was the first peg to the US dollar. Here we have China issuing currency backed by the US dollar. It was a currency issued by the Central Bank of […]

Gold rings were discovered in Ireland and they seem to be uncertain about their original use. The Celts did not create their own coins for many centuries. They used ring money which is commonly found throughout Europe, north of Italy. Celtic ring money is typically bronze. However, it is known that the Minoians sailed into […]

COMMENT: Just to chime in, I discovered the 6 month rule when I tried to fly from Toronto to LA. They would not let me on the plane. REPLY: It appears that if you are Canadian and drive across the border that seems to be OK. But if you fly, then they do all the checks […]