by Martin A. Armstrong copyright October 7, 1998 Princeton Economic Institute The sheer chaos that is unfolding within the financial markets has now reached a level that simply requires government intervention within the foreign exchange sector. We have warned repeatedly that government intervention is wrong and that it disrupts the world economy by attempt to […]

Can the World Be Saved? Global Meltdown post July 20th Hedge Funds – Fed Social Threats of War & Designing A New World Financial System by Martin A. Armstrong copyright October 3rd 1998 Princeton Economic Institute There has been much turmoil in the past several weeks that has led to considerable outcry for everything from […]

Global Meltdown Do we need to be “rescued from Capitalism?” By Martin A. Armstrong © September 16th, 1998 Princeton Economic Institute There is little doubt that the global economy is experiencing at the very least a short-term meltdown. George Soros’ comments yesterday calling for more intervention and bailouts because emerging market investors need to be […]

Crash of 1998 Is it Over Or Just Beginning? By Martin A. Armstrong Copyright September 9th, 1998 Princeton Economic Institute There was a sigh of relief yesterday when the markets rebounded sharply. So many began to tout what stock should be bought right away that the Fed is thinking about lower interest rates instead of […]

The Crash of 1998 Day 34 Update Clearly the Worst this Century By Martin A. Armstrong © Princeton Economic Institute September 5th, 1998 Previous Postings Great Financial Panics In History When we first published a comparison of this current debacle 12 days from the high, we ran the headline “Worst Crash This Century”. We received […]

Is this the Next Great Depression? Bond Defaults from 1931 By Martin A. Armstrong August 27, 1998 Copyright Princeton Economic Institute The collapse of Russia is having a profound impact upon the entire global financial markets from stocks, commodities and gold to currencies and bonds. Of all the great financial panics in history, this one […]

Intervention With a new twist By Martin A. Armstrong Copyright August 14, 1998 Princeton Economic Institute Friday’s price action in Hong Kong brought with it more than a mere short-cover rally of 9%. For perhaps the first time in history a government has directly intervened in a share market using the futures to do so. […]

The Economic Confidence Model & The July 20th, 1998 Turning Point By Martin A. Armstrong Princeton Economic Institute © Copyright July 21st, 1998 So far the markets that have reached a major high precisely to the day with our July 20th, 1998 target have been the US and European share markets. It is important to […]

WARNING Global Meltdown? By Martin A. Armstrong © June 1st, 1998 Princeton Economic Institute Capital is currently fleeing from emerging markets on a wide scale basis. The immediate problems that are surfacing in Russia should come as no surprise. Russia has been unable to collect taxes; unable to make payroll for months; unable to control […]

BOOK FOUR INTRODUCTION ——————————————————————————– OF SYSTEMS OF POLITICAL ECONOMY POLITICAL economy, considered as a branch of the science of a statesman or legislator, proposes two distinct objects: first, to provide a plentiful revenue or subsistence for the people, or more properly to enable them to provide such a revenue or subsistence for themselves; and secondly, […]