The US government has now moved into the second week of a shutdown with 810,000 federal employees furloughed without pay or 28% of their work force. Some believe there is no end in sight largely because the Democrats are trying to use this to destroy the Republicans and the Tea Party. For this reason, Congress […]

COMMENT: “If the price of gold goes below $800, it will only be the comex paper price. At that price the demand for physical gold from Asia will be literally unlimited.” BM REPLY: The price of gold on COMEX is real no matter what people say for the physical price will still trade at that […]

Sometimes I write something I think is fairly common knowledge among professionals and what comes back is astonishing. Our professional readers have poured in saying about time someone told the truth about how central bankers float ideas to test the market. But the shocker has been the response from political circles. There seems to be […]

QUESTION:  Martin, On September 18th you wrote “That is until it is time for a new monetary system after all of these jokers are done trying to grab power.” What do you think the new monetary system will be based on. Many people claim that Russia and China will force the balance of international trade […]

QUESTION:  Dear Mr. Armstrong- You seem to hint that Bernanke didn’t want rates to go up especially when there is a ceiling impasse. Yet, he talked about taper/untaper and torchured the market for 3 months to prepare investors for a smooth QE-reduction. Most investors I know were expecting a small taper that could have still been interpreted as […]

There is only one country that has bought massive long-term U.S. bonds in July and that was Japan. They bought the incredible amount of long-term bonds totaling $52 billion. Most other foreign governments have reduced their holdings of long-term U.S. bonds by $62.5 billion over the same period with Russia dumping $6 billion in July. This […]

Of course the American commentators are hurling nothing but insults at Putin for his Op-Ed in the New York Times. They dare to say with chemical weapons being used in Syria, he has no moral standing. Putin rightly points out that there is a serious casualty here and that will be the United Nations. “No […]

The US is dependent upon selling debt to someone. This Sovereign Debt Crisis has made the US vulnerable for it really cannot act unilaterally in international affairs as Obama is attempting. The USA is dependent upon selling its debt with about 40% being held internationally. Obama’s policies come at tremendous cost to the economy long-term. […]

QUESTION: Is it now illegal to store cash and gold in a safety deposit box? ANSWER: They have not yet enacted an actual law prohibiting the storage of “money” in a safe deposit box. The problem is surfacing because of “interpretation” of laws with broad scopes. If you have $5,000 in cash in your pocket, […]

The Labor Party in Australian goes down with a real thump. Politicians have to wake up. This entire Marxist-Socialism agenda is collapsing the same as Marxist-Communism did in China and Russia. The main election issues in Australia were:  the economy,  reducing the number of asylum seekers arriving by boat (immigration),  taxes on carbon emissions The […]