There are two ideas that have been responsible for killing more people than anything in history and they both came from the French elite. The first was the idea that land was wealth. This was propagated by the Physiocrats who argued agriculture was the wealth of a nation. Adam Smith’s Wealth of Nations was […]

It has often been a paradox that the worse an economy turns down, the higher the currency rises. Cheer up – it is a bell curve. If the currency goes TOO FAR and the economy has no hope of survival, then it reverses and collapses into dust through the process of a Phase Transition. This […]

While everyone is paying attention to Russia, the European economy continues to spiral downward into its Debt-Deflation, and the rising cost of debt to EU members in real international terms is alarming. Poland on Wednesday confiscated all bond holdings of private pension funds. This will be booked on their balance sheet to reduce their debt […]

France’s economic growth has averaged only 0.8 percent, half of Germany’s 1.6 percent, which ia about half the USA. Yet these people tell the USA its is not fair and the USA should raise taxes to 70% so their policies will not look so bad. The sad part – Obama agrees. France’s recovery has even […]

COMMENT: Mr. Armstrong; I was at that London Conference when you forecast that Russia would collapse in a matter of weeks based upon your model showing $100 billion inflow but $150 billion outflow. Whilst the heads of the major money center banks always assumed you were just too influential, for I worked in …. at […]

I have been getting an extraordinary amount of emails regarding our model on Civil Unrest and how governments seem to be gearing up in accordance with our models. People are putting two and two together and assuming we are advising most major nations. Just as the NSA is monitoring the world, every intelligence agency from […]

I have clients on every continent and traveled just about everywhere. What I have learned is to understand the people of any nation, you simply have to (1) know its background and history, and (2) its language. The combination of these two elements allow you reach the all critical comprehension of their thinking process for […]

I have said countless times that gold is NEVER a hedge against inflation or hyperinflation. I can show how even silver declined during the Roaring ’20s while inflation soared. This whole concept of gold and inflation is just absurd for even the Dow has outperformed gold since 1980 by nearly 17 times. As for hyperinflation, […]

We have been investigating the Russian capital flows in more detail. We see two trends emerging that is reflecting the war tensions. Foreign capital that invested in Russia is pouring out, but at the same time, the Russian Oligarchs are pulling back money in western banks. They do not yet seem to be investing in […]

Another NY Trader jumps to his death in front of a train. The rash of suicides in the financial industry remain the buz of finance. Some say its the markets. Others say Bitcoin losses. Then others say the downturn in banks. It is probably all of the above and what I can say, unfortunately, it […]