At the beginning of the year, we warned that the share market did not show any signs of breaking out to the upside before May, and that there was still a risk of a correction but foreign capital inflows would temper any decline. So far, that has proved to be correct. Nevertheless, we still should get that […]

To make it clear, nothing has changed. A bull market is something that rises in terms of all currencies. The paper dollar and gold are ending up on the same side of the fence with this war on cash that is brewing. J.P. Morgan is looking to charge money to people who have cash on […]

Exchange at Amsterdam Some people have difficulty rationalizing selling something they do not yet have. Of course, nobody complains when they buy contracts in the future’s market, but have no intent of actually taking delivery. This entire line of thinking has been so distorted, particularly by those who claim “paper gold” has suppressed the price […]

QUESTION: Dear Mr. Armstrong, If bull markets are defined by currency flows, how do you explain the fact that the Chinese stock market has over doubled in 12 months? Thank you. ANSWER: I have learned over the years that if someone does not want to listen, you cannot convince them of anything, for their mind […]

Political corruption is now in the open, but politicians don’t seem bothered, figuring it will all blow over in a week or two. This corruption trend in politics is indicative of what we need in place to shift the CONFIDENCE from government to private come 2015.75. There hasn’t been much to write about for the markets have done […]

1904 View of Standard Oil During the Progressive Era around 1910, the Marxist view of the world was all about the massive wealth of the very rich like Rockefeller. Standard Oil would always rule the world. How could that possibly change? They argued this was undermining economic opportunity for others. The government championed the progressive […]

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 […]

FDR’ Speech on the Banking Crisis March 12, 1933   Roosevelt established the Federal Deposit Insurance Corporation (FDIC) in 1933, assuring people it was safer to keep their money in a reopened bank than under the mattress. Then on August 23, 1935, Congress approved legislation that had a major impact on the Federal Reserve Banks, […]

Understanding Jackson’s Bank War is critical to our future. He was absolutely correct insofar following the Jeffersonian view, that a national debt would not be a “blessing” as Hamilton proclaimed, but the servitude of the people that would ultimately consume all liberty. In this vain of thinking, Andrew Jackson was correct and in his annual […]

The end of socialism is not going to be pretty. Politicians have screwed the youth with student loan debt that they made non-dischargable to help the bankers, followed by lowered interest rates to “stimulate” the economy, which has only lowered their own cost of funding. The youth are burdened with huge debts paying 7% on […]